Assets and liabilities MINHAJ-UL-QURAN INTERNATIONAL

Charity number: 1102801
Charity reporting is up to date (on time)
Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/08/2019 31/08/2020 31/08/2021 31/08/2022 31/08/2023
Own use assets £3.21m £3.29m £3.53m £3.84m £4.85m
Long-term investments £877.02k £943.53k £1.28m £1.17m £2.16m
Other assets £1.56m £1.81m £2.56m £3.26m £1.76m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £1.18m £1.11m £1.18m £1.17m £1.17m

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