Charity number: 700936 The Preston Musllm Soclety . Quwwatul Islam Masjld Includlng Llttle Sparkles Nursery Trustees. report and flnanclal statements for the year ended 31 March 2024 The Preston Muslim Society - Quwwatul Islam Masjld Including Little Sparkles Nursery Contents Page Legal and administrative information Trustees report Independent examiners report Statement of financial activities Balance sheet Notes lo the financial slatements 7-19 The Preston Musllm Society - Quwwatul Islam Masjld Including Little Sparkles Nursery Legal and adminlstrative infomiation Charity number 700936 Reglstered office Peel Hall Street Preston Lancashire PR16QQ Trustees Mr Mustak Patel (Resigned 2311112023) Mr Yusuf Ghodiwala (Resigned 23111120231 Mr Ismail Bax (Resigned 2311112023) Mr Muhammad Omar (Resigned 2311112023) Mr Hussain Ahmed (Resigned 2311112023) Ilyas Valli (Appointed 2311112023) Yakub Bhailok (Appointed 2311112023) Haroon Patel (Appointed 2311112023) Yakub Tailor (Appointed 2311112023) Secretary ltyas Valli Chief ex•ctrtlve Ilyas Valli Accountants Ilyas Patel (Accountants) Limited Chartered Certified Accountants Solomon House, Belgrave Court Fulwood Preston Lancashi PR2 9PL Bankers HSBC Bank 49a Fishergate Preston Lancashire PR18BH Report of the trustees for the year ended 31 March 2024 The trustees present their report and the financial statements for the year ended 31 March 2024. The trustees who served during the year and up to the date of this report are set out on page 1. Structure, governance and management The Preston Muslim Society, Quwwatul Islam Masjid, was constituted on 13th November 1988 and is registered with the Charity Commission under charity number 700936, Trustees are appointed by the Board of Trustees. The Board of Trustees comprises members from a variety of backgrounds. The procedure to appoint or withdraw a trustee is in accordance with the onstitution. There are informal procedures in place for the induction and training of new trustees. The trustees are also encouraged to attend relevant external briefing training courses. The Board of Trustees are responsible for the management of the risks faced by the charity. Risks are identified, assessed and controls established throughout the year. Risks are identified, assessed and controls established throughout the year. Objectlves and actlvltles The objectives of the trust as per the Constitution are:_ a} The advancement of education of the Islamic religion b) The advancement of the education of Muslim children and adults c) The relief of need, hardship and distress amongst the inhabitants of Preston The trust shall try to achieve the above objectives by establishing a mosque as a place of worship and facilitate other activities allied to the promotion of knowledge and understanding of the beliefs and institutions of Islam. Public benefit We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. These activities fit within the following descriptions of charitable purposes as set out in the Charities Act, for the benefit of the public'.- al the advancement of religion bl the advancement of education c) the prevention or relief of poverty Achievements and performance The trust has maintained its duty to provide a place of worship for its members. The trust has also maintained its duty to undertake and arrange assessments to ensure that hazards are being properly identified and appropriate protective measures are in place to assist in minimising the possibility of loss from risk. Periodic reviews take place to assess the performance of the systems implemented. Financlal review The financial situation of the mosque continues to be satisfactory. The present level of funding is adequate to support the continuation of the mosque and the trustees consider the financial position of the charity to be satisfactory. Reserves policy The charity has a reserves policy, which identifies a minimum level of unrestricted reserves to ensure its core activity could continue during a period of difficulty. The policy is reviewed on an annual basis. Plans for future periods The trustees plan to maintain and improve upon the current standards of advancements of the Islamic religion and of the advancements of the education of Muslim children and adults. Statement of trustees. responsiblllties The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial ststements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial postion of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the board Ilyas Valli Trustee 1610812024 Date The Preston Musllm Soclety- Quwwatul Islam Masjld Including Little Sparkles Nursery Independent examlner's report to the trustees to the unaudlted financial statements of The Preston Muslim Soclety - Quwwatul Islam Masjld I report on the accounts of The Preston Muslim Society- Quwwalul Islam Masjid for the year ended 31 March 2024 as set out on pages 2 to 19. Respective responslbllitles of trustees and Independent examiner As the charity's trustees you are responsible for the preparation of th8 accounts, you consider Ihat the audit requirement of section 144 of the Charib'es Act 2011 (the Charities Act) does nol apply and that an independent examination is needed. 11 is my responsibility to examine the accounts under section 145 of the Act, to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515)Ibl of the Charities Act, and to slate whether particular matters have come to my attention. Ba818 of Indopondont oxamlner's 8tatement My examination was carried out in accordancé with the Gener81 Directions given by the Charlty Commission. An examination includes a review of th8 accounting re¢ords kept by lh6 Charity and 8 comparison of the accounts presented with thos records. 11 a150 Includes Conslderatlon of any unusual items or dlsclosued In the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do nol express an audit opinion on the view glven by the accounts. Independent examlner's unqualifled statement In connection with my examination, no matler has Come to my attention: li) which gives me reasonable cause to believe that in any materials respect the requirements: to keep proper accounting records in accordance with section 130 of the Charities Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been mel,. or lil) to which. in my oplnion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 11 1610812024 Ilya at A (Hons); FCCA Inde dent Examlner Solomon House, Belgravo Court Fulwood Preston Lancashlro PR2 9PL Date The Preston Muslim Society- Quwwatul Islam Masjid Charity No lif anyl eriod 700936 Annual accounts for the To CC17a Period end dalg Period start date 0110412023 1 3110312024 Section A Statement of financial activities Restrlcted income funds Recommended categorles by actlvlty Dotails of own analysls Unrestricted funds Endowment Total th15 funds year Total last year Incomlng resources (Note 3 Incomlng resources frorn genoratod funds Voluntary incorn F01 F02 F03 F04 F05 S01 526,163 526,163 565,306 Activities for generating funds S02 Investment income S03 Incomlng resourus from charltable activltles Gift Aid S04 Other incoming resources S05 Total Incomlng resources s06 Resources expended (Notes 44 526,163 526,163 565,306 Costs of Genoratlng Funds Costs ol gen8rating vojuntary income 495,409 495,409 425,504 S07 Fundrnising Irading costs S08 Investment management costs S09 Charitable a¢tiviti•s 46,127 S10 Govgrnancg costs S11 2,348 2,348 2,747 Other resources expended Total resources expended s13 Net Incomlng/(outgolng) resources before transfers $14 S12 497,757 497,757 474,378 28,406 28,406 90,928 Gross transfers betw•en funds Net IncomIn￿{OUt9o1ng) resources before other r•cognised galns/(losses) s16 other recognised gainsl{losses) Gains and losses on revaluation of fixed assets for the charity's own use Funds Transferred To The Preston Muslim Society Charity Number 1158609 Net movement In funds In year s19 Total funds brought forward S20 Total funds carried forward s21 S15 28,406 28,406 90,928 S17 S18 28,406 28.406 438.488 466,894 90,928 347,560 438,488 466,894 438,488 CC17a (Excell Section B Balance sheet Restrlcted Incomo funds Unrestrlcted funds Endowment Total thls funds year Total last year Fixed assets Tangible assets F01 12,718 F02 F03 F04 12,718 F05 15,083 (Note 9) 801 802 Investments {Note 10 Total fixed assets 803 B04 Current assets Stock and work in progress Debtors (Note 11) (Short term) Investments Cash at bank and In hand Total current assets BOS 606 2.056 2,056 17,757 807 808 424,671 809 ,47 ,47 Credltors: amounts falllng due wlthln one year (Note 12) 810 7,300 7,300 19,023 Net currnnt assets/(Ilabllltles) B11 Total assets less current Ilabllltles 812 466,894 Credltors: amounts falllng due after one year (Note 12) B13 Provl8lons for Ilabllltles and Charges B14 Net assets B15 Funds of the Charity Unrestrlcted funds B18 466,894 466,894 438,488 817 Restrlcted Income funds {Nol6 131 Endowmant funds (Noto 13) B18 819 Total funds B20 Signed by one or two truslees on behalf of all the trustees Date of roval Signature Print Name 1610812024 CC17a (Excell Section C Notes to the accounts Note 1 Basis of preparation This sectlon should be completed by all charltles. 1.1 Basis of accounting These accounts have been prepared on the basis of historic cost (oxcept that investments are shown at market value) in accordance with.. Accounting and Reporting by Charits'es - Statement of Recommended Practice ISORP 2005),, and with. Accounting Standards; Financial Reporting Stsndards for Smaller Enterprises (FRSSE); or and with the Charities Act. 1.2 Change in basis of accounting There has been no change to the accounting policies (valuation rules and methods of accounting) since last year 1.3 Chang6S to pravious accounts No changes have been made to accounts for prevlous years CC17a (Excel) Section C Notes to the accounts Icontl Note 2 Accounting policies Thls standard Ilst olaccoundng pollcles has been 8pplled by Ihe charlty •xcept lor thos• d•l•ted. Where a dlffernnt or dditlonalpollcy has been •dopt•d then this is dotailod in th• box below. INCOMING RESOURCES Rgcognltlon of Incomlng r••our¢gS Thèse are Sncluded In tho St8lem0nl of Financial Aclivlilgs ISOFAI whgn.. the Cha￿tY b8com68 entiued lo th8 resources.. the trusleos are virtually certaln thoy w511 receive the resources,. and the monetgry value can be measured with sufficient reliabililv. Where incomlng resotjrces have related expenditure las wilh fundraising or conlracl Income) the incomln9 resources 8nd related expendllure are reported gross In the SOFA. Grants and donauons are only induded in the SOFA when the charity has uncondiuonal 9nllll8mgnl lo the rosources. Incomino resourG•s from 18x reclalms are Includgd In the SOFA 8t the samo tlm6 as tho glft lo whieh they r•lale. This 15 only included in the SOFA onGe the related goods or 5a¢vlces have been delivered. In¢omln9 r••ource• wllh r•lated gxpendltur• Grants and donatlons Tax re¢lalm8 on donatlons and gift* C¢ntra¢tual Incomo and ptrrfomianco r•lated gr•nt• Glft• In klnd Gifts in kind are accoLtnl6d for 818 fga8onablè 0811mat• ol th0Sr valuè lo the charty or tho amount actually roalised. Gifts In klnd lor sale or distribuum ore I￿luded In the aGGounts os glfts only whon s￿d or di$lributsd by the ch8rtty. Gifts In klnd for use by the ¢h8rity are Included in the SOFA as Incomlng r8source5 vthen recoivable. These are only included in in¢oming resources (with an equivalent amount In resources expend8dl whore the bonefil lo the charity Is reasonably quanlifiablg, rneasurable and malerfal. Tho value placed on these resources Is the e¥llmated value lo the chartty of Ihe service or facility r9¢eived. The volue of 8ny volunlory help reGeivèd18 not included In tha 8ccoun18 but Is descrlbod In the Iruslees. annual report. Inv•*tm•nt In¢om• This18 included In the 8c¢ounts whon recolvoblg. Inv•stm•nt g•ln• and loss•s This includes any gain or loss on Ihe sale ol investments and any goin or loss re$ulling from revaluing Invgstmènts to markot valuo 81 the end of tho y¢8r. Donalèd servlc•• and f4cllltl•s Volunt•frr holp EXPENDITURE AND LIABILITIES Llablllty rgcognltlon Liabilities are re¢ognlsed a5 soon as th¥re15 a legal or Gonslrucllve oblSgaJon commlllSng Ihe chority lo pay out iesources. Include e08ts 01 the pr&par8tion 8nd ex8mSnalion o18talulory account8, tho costs of irusl•8 meelings and cost of any18gal advlce lo Irusl8es on gov8rnance or con31I1ulSonal m811ers. Where Ihe charity glves 8 grant with condition5 for Its P8ymenl belng a speclfic level of Servlce or oulpul lo be piovided, such grants are only rocognisod In tho SOFA once tho reclplent of Ihe grant has provided tho specifled servlce or output. Those are only recognised in th8 accounts when a commitment has been made and there are no condllions lo be mel relating 10 the gfanl which remaln In th8 control ol the charity. Support costs include central functions and havg been allocated lo activity cost categories on basis consis18nl wth the use of resourcos, 89 allocating property cost8 by floor areaj. OT por Capita. staff costs by the bme 3penl and other cos15 by Ihoir usage, Gov•rn•n¢• co•t• Grants wlth p•rforrnanc• condltlon* Grants payablg wlthout p•rformanc• Condltlon support Costs ASSETS Tanglblo flx•d for us• These are c8pltali5ed if they can be used for more than one year, and cost at leasl £500. They by charlly are valued 81 cost or a reasonabl8 value on receipt. Inv•8tm•nts Investments quoled on 8 r8cogni5ed stock exchange are valued at markol value at the year end. Other inveslmenl assets are included al Iruslees, best estimate of market value. Stocks and work In progrgs• Thesa are valu9d al the l¢)w*f of cosl or markel value. POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE CC17a (Exco11 Section C Notes to the accounts (contl Note 3 Analysis of Incoming resourcas Incomlnq rnsources may be further analy50d M thls would help tho raader of the accounts. Thls year Last year Anal sls Voluntsry Income Donations Nurse Income 2,203 523,960 549,222 Total 526,163 565,306 Actlvltlo8 for generatlng funds Income from UK investm8ni properties Total Investrnont Incom• Bank interest receivable Other interest receivable Totsl Incomlng re8our¢•• from charltablo actlvltlo8 HMRC Gift Aid Total Other In¢omo Rè8our¢es Grant from Gov8rnmenl Totsl Totsl Income 526,163 565.306 CC17a (Excell Section C Notes to the accounts (cont) Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounts. This year Last year Analysls Purchases and direct costs Staff costs Rates and Utilities Rent -Re airs & maintenance Tele hone -com uter Costs - Other office costs Insurance Bank Char es Interest able -De reciation Other Nurse Nurse Nurse Nurse Nurse Nurse Nurse Nurse Nurse Nurse Nurse Nurse Nurse 18,222 301,955 52,724 99,996 12,496 598 2,997 360 2,531 122 -832 4,240 17,430 272,034 10,442 99,996 12,117 3,462 1.024 1,605 1,391 143 832 5,028 Total 495.409 425,504 Fundraislng trading costs Total Investment management costs Total Donations - Save our world Nurse Other Donations 45,976 151 46,127 Total Nurse Nurse - Accountanc -Le al & Professional 1,970 378 2,348 1,970 777 2,747 Total Total Costs 497,757 474,378 CC17a (Excel) 10 Section C Notes to the accounts (cont) Note 5 Support Costs Please complete this note If the charlty has analysed Its expenses using actlvlty categorles and has support Costs. Fundraislng actlvlty Charitable Actlvity Governance Actlvlty Total Cost ort cost t Total Note 6 Detalls of certaln Items of expendlture 6.1 Trustee expenses Please provlde detalls of the amount of any payment or relmbursement of out-of-pocket expenses made to trustees or to third partles for expenses Incurred by trustees. If no expenses were pald, please enter 'None' In the appropriate box(es). This year Last year Number of trustees who were pald expenses Naturo of the oxpenses Total amount pald 6.2 Fees for examination or audit of the accounts Please provlde detalls of the amount paid for any statutory external scrutlny of accounts and other servlces provlded by your Independent examlner or audltor. If nothlng was pald please enter NONE In the approprlate box(es). Thls year Last year Independent examlner's or audltors. fees for reportlng on the accounts Other fees (for example: advlce. consultancy, accountancy services) paid to the independent examiner or auditor 1970 1970 CC17a (Excel) 11 Section C Notes to the accounts (cont) Note 7 Paid employees Please complete thls note If the charity has any employees. 7.1 Staff Costs This year Last year Gross wages, salarles and benefits In kind Employer's Natlonal Insurance costs Penslon costs 301,955 272,034 Totsl staff costs 301,955 272,034 7.2 Average number of full.time equivalent employees In the year The parts of the charity In whlch the employees work Thls year Number Last year Number NLII 18 22 24 28 Total 7.3 D6fined contribution pension scheme Please complete If a deflned contrlbutlon Brlef detalls of the scheme enslon scheme Is o erated. Thls year Last year The co8t8 of the scheme to the charlty for the year The amount of any contributions outstanding at the year end The amount of any contrlbutlons propald at Ihe yoar end CC17a (Excel) 12 Section C Notes to the accounts {cont) Note 8 Grantmaking Please complete this note if the charity made any grants or donations whlch in aggregate form a materlal part of the charitable activlties undertaken. 8.1 Total value of grants Grants to institutions Total amount £ Grants to individuals Total amount £ Purposo for whlch grants mad8 Total 8.1 Grantmaking costs If the charlty's accounts are prepared on the "actlvlty basls" please glve detalls of any support cost assoclated wlth grantmaklng. Please enter "Nll" If the Gharlty does not Identlfy and/or allocate sUPPOrt costs. Support costs of grantmaking 8.3 Grants made to Instltutlons If the charlty has made grants to partlcular Instltutlons that are materlal In the context of Its grantmaklng please glve detalls of the Instltutlon supported, purpose of the grant and total pald to each Instltutlon Ilsted. SufflGlent Informatlon should be glven to provlde a reasonable understandlng of the range of Institutlons su orted. Total amount of rants ald£ Names of Instltutlons Purpose Total grants to Instltutlons CC17a (Excel) 13 Section C Notes to the accounts {contl Note 9 Tanglble fixed assets Please complete thls note If the charlty has any tanglble Ilxed assets 9.1 Cost or valuatlon Freehold land & bulldln9• Other land & buUdlng• Plant, machlnery and motor v•hlclos Flxturos, flttln9s and •qulprn•nt P8ym•nt$ on aG¢ount and asi•t• und•r con•trudlon Total Balance brought forward Addltions 20.111 1,875 20,111 1,875 Rgvalualions Transferred To The Preston Muslim So¢i8ty Charlty Number 1158609 Balance c8rrled forward 9.2 Accumulated deproclatlon and Impalrment provlslons -Basls SLorRB 21,98e SLorRB RB RB SLorRB Rate 250 Balance brought forward Depreciation charge for year Impairment provisions 4,240 Revaluations Transferred To The Preston Muslim Society Charity Number 1158609 Balance carried forward 9,268 9,268 9.3 Net book value Brought foNard Carried forward 15,083 12,718 15,083 12,718 9.4 Revaluation Many flxed a5SOts have boon revalued please glve dotalls of the valuer and method of valuation The ?ransfers" row is for movemgnls belwgan fix&d 8ssel c8fegories. . Ple8se indicate the method of dep￿CIation by dglating the method not applicable (SL = str8ight lina,. RB = r8ducing b818nc8). Also please indicate the rate of depreciation.. for straigljt Iln8, what is the 8nticlpated life of thè asset (In ye8rs),' for r8ducing balance, what Is the percentage annual deduction. CC17a (Excell 14 Section C Notes to the accounts (cont) Note 10 Investment assets Please complete thls note If the charlty has any Investment assets. 10.1 Flxed assets Investments Carrying (market) value at beginning of year Add: additions to investments at cost Less: disposals at carrying value Addl(deduct): net gainl(loss) on revaluation Carrying (market) value at end of year Please pmvide below." 10.2 A breakdown of the market values of invastmonts shown above agreelng wlth the balanc• sh•at row BO3. 10.3 A breakdown of the Income from Investments agroelng wlth SOFA row SO3. 10.2 Market value at year end Analysis of investments 10.3 Incomo from Inveslment8 for tho yoar Investment propertles Investments listed on a recognised stock oxchango or hold in common Investment funds, open ended Investment companles, unlt trusts or other collectlve Investment schemes Investments In subsldlary or connected undertaklngs and companles Securitles not Ilsted on a recognlsed Stock Exchange Cash held as part of the Investment portfollo Other Investmants Total 10.4 Material investment holdings If any slngle Investment Is materlal In terms ol Its value (for example represents more than 5 per cent of the value of the charity's total Investments) please provlde detalls. Investment held Market Value CC17a (Excel) 15 Section C Notes to the accounts {cont) Note 11 Debtors and prepayments Please complete this note if the charity has any debtors or ments. Amounts falling due Analysis of debtors wlthin one year This year Last year Amounts falling due after more than one year This year Last year Trade debtors Amounts due from subsidiary and associated undertakings Other debtors Prepayments and accrued income 15,869 1,888 17,757 2,056 2.056 Total Note 12 Creditors and accruals Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors Amounts falllng due wlthin one year This year Last year Amounts falling due after more than one year This year Last year Loans and overdrafts Trade creditors Amounts due to subsidiary and assoclated undertakings Other creditors Accruals and deferred income 192 192 5,908 1,200 7,300 17.631 1,200 19,023 Total 12.2 Security over assets If any loan, overdraft or other creditor hold5 a charge or other security over any assets of the Charlty please provide details. CC17a (Excel) 16 Section C Notes to the accounts {cont) Note 13 Endowment and restricted Income funds Please completo thls sectlon if the charlty has any andowment or rostrfctod Income funds. 13.1 Funds held Please give a brlef description of any of the followlng type of funds held by the charlty: pemianent endowment funds (PE); expendable endowment funds {EE>; and restricted income funds, including special trusts, of the charity (R). Fund Name Type PE, EE orR Purpose and Restrlctlons For Building & Development of Education Centre Education Centre PE 13.2 Movements of major funds Please glve detalls of the movaments of the major funds summarlsed In tho restrlcted and endowment columns of the Statement of Flnanclal Actlvltles. un balances brought forward un balances carrled forward Incomlng resources Outgolng resources Galns and losses Transfers Fund names New Buildin Education Centre Fund Total Funds 13.3 Transfers between funds Please give detalls of any transfers between funds. From Fund (Name) To Fund (Name) Reason Amount CC17a (Excel) 17 Section C Notes to the accounts (cont) Note 14 Transactions with related parties If the charity has any transactions wlth related parties (other than the trustee expenses explalned In note 6) detalls of such transactlons should be provlded in thls note. If there are no transactions to report. please enter "None" in the relevant boxes. 14.1 Remuneration and beneflts Please give the amount of. and legal authorlty for, any remuneratlon or other benefits pald to a trustee or other related parties by the charity or any institution or company connected wlth It. Amounts paid or benefit value Thls year Last year Name of trustee or connected party Legal authorlty (eg order, governlng document) 14.2 Loans Please glve detalls of and amounts owlng to or from the charlty's trustees or other related partles by the charlty at the year end. Amount owlng Thls year Last year Name of trustee or connected party Legal authorlty Due to trustees and related parties Due from trusteos and relatod partles 14.3 Other transactlon(s) wlth trustees or related partles Please glve detalls of any transaction undertaken by (or on behalf OQ the charlty In whlch a trustee or related party has a materlal Interest. Name of the trustee Relatlonshlp to or related pa charlt Descrlptlon of the transactlon Thls year Last year 18 CC17a (Excel) Section C Notes to the accounts (cont) Note 15 Addltional Dlsclosures Included to adda separate sheet. The members must ensure that there is continunity when there is a change in trustees. CC17a (Excel) 19