2022-03-31-accounts - The Preston Muslim Society Quwwatul Islam Masjid

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		Page
Legal and administrative	information
Trustees report		2 «3
Independent examiners	report
Statement offinancial	activities
Balance sheet
Notes to the financial statements		7-19

Trustees	Yusuf Abadrnohmed	Ghodiwala	Ghodiwala
	Mustak Mohamed	Patel
	lshmail Abbas Bax
	Muharnrned Hanif Omar
	Hussain Hefeji Ahmed
Secretary	Mustak Mohamed	Patel
Chief executive	Mustak Mohamed	Patel
Accountants	llyas Patel (Accountants)		Limited
	Chartered CertiTied	Accountants
	Solomon House, Belgiave		Court
	Fulwood
	Preston
	Lancashire
	PR2 9PL
Bankers	The Royal Bank ofScotland
	97 Fishergate
	Preston
	Lancashire
	PR12DP

		The	Preston	Preston	Preston	Muslim Society	Muslim Society	- Quwwatul Islam	- Quwwatul Islam	- Quwwatul Islam	Masjid	Charily	No	{if:;
												3fly)			700936
							Annual		accounts		for the	eriod				CC17a
		Period		start	date			01/04/2021			To	Period	end date	'	31/03/2022
e ~					e				e ~	~
											Restricted
Recommended			Details		ofown			Unrestricted			income	Endowment			Total this	Total last
categories by activity				analysis			z		funds		funds	funds			year	year
													E		E
Incoming resources (Note 3									F01		F02	F03			F04	F05
Incoming resources from
generated funds
Voluntary income									496,274						496,274	455,928
Activities for generatng funds
Investment income									78						78
Incoming resources from
charitable activities				Gift		Aid
Other incoming resources							S05		1 156						1 156	12635
Total incoming					resources		sos		497,508						497,508	468,563
Resources expended	(Notes		4-8
Costs of Generating Funds
Costs ofgenerating voluntary income									391,772						391,772	337,893
Fundraising trading costs
Investment management costs							S09
Charitable activities							S10		16,000						16,000	62,861
Governance costs							S11		5,054						5,054	2,859
Other resources expended							S12
Total resources					expended		S13		412,826						412,826	403,613
Netincomingl(outgoing)			resources betbre trans t'ers				S14		84,682						84,682	64,950
Gross transfers between		funds					S15
Net incomingl(outgoing) resources before other recognised gains/(losses)							s15		84,682						84,682	64,950
Other recognised gains/(losses)
Gains and losses on revaluation			of fixed			assets
for the charity's own use							S17
Funds Transferred To The Preston Society Charity Number 1158609						Muslim	S18									43,645
Net movement			in	funds in year			s19		84,682						84,682	108,595
Total funds brought forward							S20		262,878						262,878	154,283
Total	funds		carried			forward	s21		347,560						347,560	262,878

						0 S
				~	~
									8 c
							Unrestricted		Income	Endowment	Total this		Total last
							funds		funds	funds	year			year
							R		E	R	R			R
Fixed assets							F01		F02	F03	F04			F05
Tangible assets		(Note	9)			801
Investments		(Note	10)			803
		Total fixed assets				804
Current assets
Stock and work in progress
Debtors		(Note	11)					800				800		14821
(Short term) investments
Cash at bank and in hand							352,357				352,357			349543
	Total current			assets			353,157				353,157		.	364 364
Creditors: amounts falling due within
one year (Note 12)						810	5	597			5	597		101486
Net cunent		assetsl(liabilities)				8«	347,560				347,560		.	262878
Total assets	less current liabilities					812	347-,560				347	560:		262878
Creditors: amounts falling due after one
year (Note	12)					813
Provisions for liabilities		and charges				814
			Net assets			815	347,560				347,560			262878
Funds ofthe Charity
Unrestricted funds						816	347	560			347	560		262878
						817
Restricted income funds (Note 13)						816
Endowment funds	(Note 13)					819
			Total funds			820	347,560				347	580	.	262878
Signed by one or two the trustees	trustees on		behalf		of atl		Signature			Print	Name			Date of approval
													05/11/2022

Note 2			Accounting polIcles	Accounting polIcles
This standard list ofaccounting				pollclas has been applied by Ne charity except for Nose deleted.	Where a different			or
additional policy has been adopted Nen Nls is detailed in the box below.
INCOMING RESOURCES
Recognltlon	ofIncoming			These are lnduded in the Statement of Financial Activities (SoFA)when:
resources				~ the charity becomes entitled to the resources;
				~ the trustees are virtually certain they will receive the resources: and
				~ the monetary value can be measured with sufficient reliability.
Incoming resources		with		Where incoming resources have related expenditure (as with fundralsing	or contract income) the
related expenditure				incoming resources and related expenditure are reported gross in the SoFA.
Grants and	donations			Grants and donations are only included in the SoFA when the charity has unconditional
				entmement to the resources.
Tax reclaims on donations and				Incoming resources from tax reclaims are induded in the SoFA at the same time as the gift to
gifts				which they relate.
Contractual	Income	and		This is only included in the SoFA once the related goods orservices have been delivered.
performance	related	grants
Gifts in kind				Gifts in Idnd are accounted forat a reasonable estimate oftheir value to the charity or actually realised.		the		amount
				Gifts in Idnd forsale or distribution are induded in the accounts as gifts	only when sold	or
				distributed by the charity.
				Gifts ln kind for use by the charity are included in the SoFA as incoming	resources when
				receivable.
Donated services and facilities				These are only included ln incoming resoumes (with an equivalent amount in resources			expended)
				where the benefit to the charity is reasonably quantifhble, measurable	and materiaL	The		value
				placed on these resources is the estimated value to the charity ofthe service or fadlity		received.
Volunteer help				The value ofany voluntary help received h not induded in the accounts but is described trustees' annual report.				in the
Investment	income			This is induded in the accounts when receivable.
Investment	gains and losses			This includes any gain or loss on the sale ofinvestments and any gain	orloss resulting		from
				revaluing investments to market value at the end ofthe year.
EXPENDITURE		AND LIABILITIES
Liability recognitlon				Liabilities are recognised as soon as there is a legal or constructive obligation committing				the
				charity to pay out resources.
Governance	costs			Include costs ofthe preparation and examination ofstatutory accounts,	the costs oftrustee
				meetings and cost ofany legal advice to trustees on governance or constitutional matters.
Grants with	performance			Where the charity gives a grant with conditions for its payment being a	specific level of service or
conditions				output to be provkled, such grants are only recognised in the SoFA once the radpient		of		the grant
				has provided the specmed service oroutput.
Grants payable without				These are only recognised ln the accounts when a commitment has been made and there are no
performance	conditions			conditions to be met relating to the grant which remain in the control ofthe charity.
Support Costs				Support costs include central functions and have been ailocated to activity cost categories on a
				basis consistent with the use of resources, eg allocating property costs	by floor areas,	or		per
				capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use				These are capitalised ifthey can be used for more than one year, and	cost at least R500. They
by charity				are valued at cost ora reasonable value on receipt.
Investments				Investments quoted on a recognised stock exchange are valued at market value at the			year end.
				Other investment assets are included at trustees' best estimate of market value.
Stocks and	work in	progress		These are valued at the lower ofcost or market value.
POLICIES		ADOPTED
ADDITIONAL			TO OR
DIFFERENT FROM			THOSE
			ABOVE

Incoming	resources may	be furt	her analys	ed ifthis would h	elp the rea	der ofthe accou	nts.
							This year	Last year
				Anal	sis		R
Voluntary	income		Donations				39 918
			Nurse	Income			456356	455928
						Total	496274	455928
Activities	for generating	funds	Income from UK investment		properties
						Total
Investment	income		Bank interest receivable
			Other interest receivable				78
						Total	78
Incoming	resources from		HMRC Gift Aid
charitable	activities
						Total
Other Income Resources			Grant from Government				1 156	12635
						Total	1 156	12635
						Total Income	497,508	468,563

be furt	her analysed	ifthis would help th	e reader ofthe acco	unts.
				This year	Last year
		Anal sis
Nurse	- Purchases	and direct costs		20550	12685
Nurser	- Staff costs			256529	215579
Nursery	- Utilities			5534	4 821
Nurser	- Rent			99996	96663
Nurser	- Re airs &maintenance			5 261	3218
Nurser	-Tele hone			745	742
Nurser	- Other office	costs		1 357	2383
Nurser	- Insurance			1 753	1 796
Nurser	- Other			47
			Total	391772	337893
			Total
			Total
Donations - Save our		world		15000	62650
Nurser	- Other Donations			1 000	211
			Total	16000	62861
Nurser	-Accountanc			2678	2 163
Nurser	- Le al &Professional			2376	696
			Total	5054	2859
			Total Costs	412826	403613

					Fundraising	activity	Charitable	Activity	Governance	Activity	Total	Cost
Su	ort	cost	t	e
				Total

box(es).
						This year	Last year
Independent	examiner's	or auditors' fees for	reporting	on	the
accounts						2678	2163
Other fees	(for example:	advice, consultancy,	accountancy		services)
paid to the	independent	examiner or auditor

7.1 Staff Costs
								This year f		Last year f
Gross wages, salaries and benefits				in kind				256	529	215	579
Employer's National	Insurance costs
Pension costs
						Total staff	costs	256,529		215,579
7.2Average number	of	full-time	equivalent		employees	in the year		This year Number		Last year Number
The parts ofthe charity		in which the
employees work
									30		30
							Total		35		35

nts
					Grants to		Grants to
					institut/ons		individuals
Pu	oseforwhich	rants	made		Total amount	R	Total amount	E
				Total

					Freehold	land	Other land &	Plant,		Fixtures,	Payments	on
					&buildings		buildings	machinery	and	fittings and	account	and
								motor vehicles		equipment	assets under
											construction
Balance	brought	forward
Additions
Revaluations
Transferred To		The Preston	Muslim Society
Charity	Number	1158609
Balance	carried	forward
9.2Accumulated		depreciation		and impairment	provisions
				Basis	SLor	RB	SLor RB	RB		RB	SLor RB
				Rate				25%		25%
Balance	brought	forward
Depreciation charge for year
Impairment provisions
Revaluations
Transferred To		The Preston	Muslim Society
Charity	Number	1158609
Balance	carried	forward
9.3Net	book value
Brought	forward
Carried	forward

Carrying (market) value at beginning ofyear
Add: additions to investments at cost
Less: disposals at carrying value
Add/(deduct): net gain/(loss) on revaluation
Carrying (market) value at end ofyear

10.3 A breakdown of	the	income	fro	m i	nvestments	agreeing with SO	FA row S03	.
Analysis ofinvestments								10.2	10.3
								Market value at	Income from
								year end	investments	for
									the year
Investment properties
Investments listed on a recognised			stock exchange or			held in common	investment
funds, open ended investment		companies,			unit trusts	orother collective
investment schemes
Investments in subsidiary	or	connected		undertakings		and companies
Securities not listed on a	recognised		Stock Exchange
Cash held as part ofthe investment			portfolio
Other investments

Please complete this note ifth	Please complete this note ifth	e charity has any d	ebtors or	re a m	ents.	ents.
Analysis of debtors				Amounts	falling due one year		within	Amounts falling due after more than one year
				This year f		Last year f		This year f	Last year f
Trade debtors
Amounts due	from subsidiary	and associated
undertakings
Other debtors							14,521
Prepayments	and accrued income				800		300
			Total		800		14821

12.1 Analysis ofcredit	ors
				Amounts	falling due		within		Amounts	falling due after
					one year				more than one year
				This year f		Last year f			This year f	Last year f
Loans and overdrafts
Trade creditors					849			331
Amounts due to subsidiary		and associated	undertakings
Other creditors				3,548
Accruals and deferred	income			1,200			101,155
			Total	5	597		101	486

the Statemen	t of	Financial Act	ivities.
			Fund					Fund
			balances					balances
			brought	Incoming	Outgoing		Gains and	carried
			forward	resources	resources	Transfers	losses	forward
Fund names			K	F			K
New Buildin	Fund
Education Centre
		Total Funds

parti	es	by the	cha	rity orany	institution	orcompany connected with it.
							Amounts paid or benefit value
Name	of	trustee	or	connected	party	Legal authority (eg order, governing document)	This year f Last year f

				Amount	owing
		Name oftrustee or connected party	Legal authority	This year f	Last	year f
Due to trustees and
related parties
Due from trustees	and
related parties

Name	ofthe related	trustee or art	Relationshi	to charit	Description transaction	ofthe s	This year f	Last year f