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## **THE MOSAIC COMMUNITY TRUST UK**
## Registered Charity
## FINANCIAL STATEMENTS
## FOR THE YEAR ENDED
31[ST] MARCH 2026
Charity number: 1113196
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## **THE MOSAIC COMMUNITY TRUST UK YEAR ENDED 31[ST] MARCH 2026**
## **Registered Charity Number:** 1113196
## **Principal address:**
61A Warwick Avenue London W9 2PR
## **Trustees:**
Rev. Mark Gifford – Chairperson – Ms Tandy Deane-Gray Vice Chairperson Mr Reza Reshad - Treasurer Ms Abena Boateng - Trustee Ms Hinda Abbou – Trustee Ms Christene Burgess – Trustee
## **Governing document:**
The charity is operated under the rules of its Constitution.
## **Bankers:**
HSBC Bank PLC 90 Baker Street London W1U 6AX
## **Independent Examiner and Accountant:**
TACTS Accountant Chartered Certified Accountant 61 Fountains Crescent London, N14 6BD
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## **THE MOSAIC COMMUNITY TRUST UK YEAR ENDED 31[ST] MARCH 2026**
## **FINANCIAL ACCOUNTS**
## **CONTENTS**
## **Pages**
## **4-6. Trustees Report**
**7. Independent Examiners Report**
**8. Statement of Financial Activities**
**9. Balance Sheet**
## **10-14. Notes to the Accounts**
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## **THE MOSAIC COMMUNITY TRUST Report of the Trustees For the year ended 31 March 2026**
The Mosaic Community Trust’s (MCT’s) trustees are pleased to present their annual report and independently examined financial statements for the year ended 31st March 2026.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
## **Governance, Structure and Management**
The Mosaic Community Trust was registered as a charity on 7[th] March 2006. The charity is governed by its Constitution. The trustees are appointed or reappointed annually at the Annual General Meeting. Appointment and retirement of trustees is in accordance with the Articles of Association. The trustees give their time voluntarily and received no benefits from the charity.
The overall management of finance is the responsibility of all the Trustees acting on the recommendations of the Chairperson, the Treasurer and the CEO. The Trustees form the Management Committee who meets regularly to oversee the running of the organisation.
## **Charitable Objects:**
The organisation ’s main charitable objects are to: -
- Promote religious & racial harmony by the provision of multi-cultural and multi faith projects.
- • Promote for the benefits of the public with a view to the preservation of public order, the provision of services for mediation and conciliation between people, organisations and groups who are involved in disputes or interpersonal conflicts where that dispute or conflict results from or may lead to acts of nuisance, vandalism, racial abuse or breach of the peace.
- Promote for the benefit of people in the UK and Globally such objects as are now or may hereafter be deemed by law to be charitable in particular the advancement of education, the furtherance of health and the relief of poverty, distress and sickness.
- Prevent or relief of poverty anywhere in the world by providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient.
## **Risk management**
MCT ’s trustees have a risk management strategy which comprises:
● an annual review of the principal risks and uncertainties that the charity undertakes.
● the establishment of policies, systems and procedures to mitigate those risks identified in the annual review;
and
● the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
## **Financial Review**
MCT ’s main funding sources are both restricted & unrestricted funding. This year we were successful in bringing in £201,988 (£124,277 in 2024-2025) (see note 14 & 15) from various sources (mainly grant funding) and has now a heathy unrestricted free reserve of £81,625, which the charity aims to continue spending on its charitable objects. This year MCT has ring-fenced £35,000 towards designated funds to cover financial risk (see note 19).
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## **Reserve’s policy and Going Concern**
The Mosaic Community Trust UK is committed to maintaining a level of reserves that is sufficient to meet ongoing liabilities and all service delivery commitments, as well as ensuring the long-term future of the charity. The Mosaic Community Trust UK adopts a reserves policy that seeks to balance these priorities by holding a level of reserves sufficient to: Ensure the availability of sufficient working funds, provide a buffer in case of unexpected loss of income to ensure that services can be maintained and provide sufficient funds to allow the organisation to wind up while meeting its obligation to staff and service users should the organisation be forced to close. The Board has approved a policy whereby the unrestricted funds not committed, should be held in reserve and maintained at a level which ensures that MCT ’s core activity could continue during a period of unforeseen difficulty. The target reserve amount represents at least 6 months’ (26 weeks) expenditure and will be reviewed annually.
## **Our community supporters’ Base :**
The community we serve continues to be our primary support base. Our local community members – are actively engaged in planning and delivery of our services thus making our organisation a truly community- based and community-led one. The community feels both confident and secure that we represent their voices and enable them to participate in all the relevant community consultations which affect their lives. We have been extremely fortunate to have mobilised over 30 volunteers to participate in MCT’s strategic operations including community based participatory research in partnership with Imperial College. The strong support from our corporate partners such as Mount Anvil and Legal & General Health Equity Fund is greatly appreciated.
## **Independent Examiner**
TACTS Accountant has appointed as the charity’s independent examiner during the year and has expressed their willingness to continue in that capacity.
## **Bankers**
HSBC has been appointed as the Charity’s Bank.
## **Statement Trustees Responsibilities**
Charity trustees are the people who serve on the governing body of a charity. They may be known as trustees, directors, board members, governors or committee members. The principles and main duties are the same in all cases.
Trustees have, and must accept, ultimate responsibility for directing the affairs of a charity, and ensuring that it is solvent, well-run, and meeting the needs for which it has been set up. The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company.
Signed on behalf of the board,
SIGN
Mr Reza Reshad Trustees/Treasurer Date: 13/07/2026
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## Independent examiner’s report to the trustees of The Mosaic Community Trust UK
I report on the accounts of the Trust for the year ended 31[st] March 2026 which are set out on pages 7 to 14.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission
- under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures 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 no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting
- requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 13/07/2026
S Toraub, FCCA, Chartered Certified Accountant TACTS Accountant, 61 Fountains Crescent, London, N14 6BD
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||**THE MOSAIC COMMUNITY TRUST UK**|**THE MOSAIC COMMUNITY TRUST UK**|**THE MOSAIC COMMUNITY TRUST UK**|**THE MOSAIC COMMUNITY TRUST UK**|**THE MOSAIC COMMUNITY TRUST UK**|**THE MOSAIC COMMUNITY TRUST UK**|**THE MOSAIC COMMUNITY TRUST UK**|**THE MOSAIC COMMUNITY TRUST UK**||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||**STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR END 31 MARCH**||||||||**2026**|||
||**Notes**
**INCOMING RESOURCES:-**
**Incoming resources from generated funds:**
Donation
(15)
**Investment Income (**Bank Interest**)**
**Incoming resources from charitable**
**activities**
Grants to provide charitable activities
(14)
**TOTAL INCOMING RESOURCES**
**RESOUCES EXPENDED**
Expenditure on charitable activities
(16)
**TOTAL RESOUCES EXPENDED**
Net Incomings / (outgoings) resources
**Balances Brought Forward**
**Balances Carried Forward**||**Unrestricted**
**Funds**
£
14,632
662
-||**Designated**
**Fund**
-
-
-||**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**2026**
**2025**
£
£
£
-
14,632
17,300
-
662
734
186,694
186,694
106,243|||||
|||||||||||||
|||||**15,294 **||**-**||**186,694 **
**201,988**
**124,277**||||
|||||250||-||137,570
137,820
119,481||||
|||||**250**||**-**||**137,570**
**137,820**
**119,481 **||||
|||||||||||||
|||||**15,044**||**-**||**49,124**
**64,168**
**4,796**||||
|||||||||||||
|||||**66,581 **||**35,000**||**29,970**
**131,551 **
**126,755**||||
|||||||||||||
|||||**81,625**||**35,000**||**79,094**
**195,719**
**131,551**||||
There were no recognised gains or losses for the above period other than those shown in the statement of financial activities for the above financial year. All incoming resources and resources expended are derived from continuing activities.
(The notes attached form part of these financial statements)
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## **THE MOSAIC COMMUNITY TRUST UK**
||**BALANCE SHEET AS AT 31 MARCH**|**2026**|**2026**||||
|---|---|---|---|---|---|---|
||Notes
**Fixed Assets**
Tangible assets
(6)
**Current Assets:**
Debtors
(11)
Cash at Bank and In Hand
**Current Liabilities:**
**Creditors:**
Amount falling due within one year:
Accruals & Creditors
(12)
Net Current Assets
**Net Assets**
**As Represented By**
Unrestricted Fund
Restricted Fund
(13)
Designated Fund
(19)
**Total Funds**||£
**2026**
18
-
220,352
24,651
**195,701**
**195,719**
81,625
79,094
35,000
**195,719**|||£
**2025**
22
15,510
130,664
14,645|
|||||||**131,529**|
||||||||
|||||||**131,551**|
|||||||66,581
29,970
35,000|
|||||||**131,551**|
The accounts were approved by the Trustees on 13th July 2026 and signed on their behalf by:
**----- Start of picture text -----**
SIGN
**----- End of picture text -----**
-----------------------------------------------
Mr Reza Reshad Trustee/Treasurer
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## **THE MOSAIC COMMUNITY TRUST UK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2026**
## **1. Accounting basis.**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). MCT meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
- b) Preparation of the accounts on a going concern basis
The Charity trustees are of the view that measures taken subsequent to the year-end to reduce operating costs and successful in applying for continuation funding have secured the immediate future of the Charity for the next 12 to 18 months and that on this basis the charity is a going concern.
## **2. Cash Flow Statement**
The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the charity is small.
## **3. Income**
Income is recognised in the period to which it relates, unless specified otherwise by the funder. Project funding is, in general, repayable if not expended within the relevant project. Such income is only recognised to the extent that it ceases to be repayable. The income is accounted for on a receivable basis.
## **4. Resource Expended**
Resources expended are included in the Statement of Financial Activities inclusive of VAT which cannot be recovered. Direct charitable expenditure include includes the direct costs of the activities. Where such costs relate to more than one functional cost category, they have been apportioned in line with the direct costs of the relevant service.
## **5. Taxation**
MCT is a registered charity and is not liable for corporation tax on its income under section 505 of the Income and Corporation Taxes Act 1988 to the extent that it is applied to its charitable activities.
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## **6. Tangible fixed assets**
Fixed assets are stated at cost less accumulated depreciation.
Depreciation is provided to write off the cost, of all fixed assets over their expected useful life as follows: -
Equipment - 20% reducing balance
|**At Cost**
**Depreciation:**
At 1 April 2025
Charge for the year
At 31st March 2026
**NET BOOK VALUE**
At 31 March 2026
At 31 March 2025
**7.Staff Costs**|**Equipment**
£
976
954
4|
|---|---|
||959|
||18|
||22|
|||
The organisation does not have staff on payroll for this year. 18 self-employed workers were hired in this financial year. 30 volunteers supported our organisation activities.
Trustees are not remunerated to stand for their position on the committee board.
## **8. Status**
The Mosaic Community Trust UK is a registered charity.
## **9. Fund Accounting**
Fund accounting unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work.
## **10. Support Cost**
Allocation of support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, and governance costs which support the Charity activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 17.
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## **11. Debtors**
|Mount Anvil
Community Events
**2.Accrual and Creditors**
Professional fees
Other Creditors|**2026**
**£**
-
-
-
**2026**
**£**
685
23,966
24,651|**2025**
**£**
14,010
1,500|
|---|---|---|
|||15,510|
|||**2025**
**£**
585
14,060|
|||14,645|
## **12. Accrual and Creditors**
## **13. Analysis of Restricted Fund Balance**
|**Funder**
Imperial College- Maternal Genomics
Mount Anvil
Hyde Park Place Estate Charity
WCC - Edward Harvest Fund
Portman Estate Foundation
WCC- Healthy Hearts
WCC- Community Solutions project
National Lottery Fund
Legal and General Equity Fund
**Restricted Fund Balance Carried Forward**|**Restricted**
**balance @**
**31st March**
**2026**
**Restricted**
**balance @ 31st**
**March 2025**
**£**
**£**
-
20,000
**2,933**
-
-
6,000
-
1,800
-
1,500
**35,000**
-
**4,552**
-
**24,056**
-
**12,553**
670
**79,094 **
29,970|
|---|---|
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## **14. Grant Receivable**
|**Funder**
**Project**
Portman Estate Foundation
Supporting Women and Young Mothers
Imperial College - Maternal Genomics
Health literacy on maternal genomics
National Lottery Fund
Tackling and reducing health inequalities
Hyde Park Place Estate Charity
Art Therapy and improving Mental Health
WCC - Edward Harvest Fund
Holistic Health Services for 40+ Women
Imperial College - REN3 Research
Research on children Mental health
WCC - Core Grant
Staff Costs for effective running of charity
Legal and General Equity Fund
Reduce Health Inequalities
Cardiff University (SIMCA)
Research study on midwifery care continuity
Mount Anvil
Cost of living advice and support
Imperial Health Care Charity
Research Collaborations
CCLH- NHS
Health and Wellbeing support and surveys
Young Westminster Fund
Addressing Youth Crime Issues
WCC- Healthy Hearts
Improve Heart Health
WCC - Healthy Communities
Improve Health and Wellbeing
WCC - Paddington Charities
Mental Health and Wellbeing for mothers|**2026**
**£**
-
-
44,194
-
-
-
14,850
25,000
1,275
10,381
2,442
3,800
19,000
35,000
27,252
3,500
**186,694 **|**2025**
**£**
6,500
20,000
-
6,000
1,800
3,800
14,850
-
-
14,010
10,991
-
5,000
-
23,292
-|
|---|---|---|
|||**106,243**|
## **15. Donation**
|Lalgra
CAF Charity Bank
The Faith and Belief
Quaker Social
Community Events
Cardiff University
L Choudary-Salter
General Other|**2026**
**£**
-
-
500
-
-
-
11,560
2,572
**14,632 **|**2025**
**£**
450
100
-
400
1,500
2,550
12,300
-|
|---|---|---|
|||**17,300**|
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## **16. Expenditure on Charitable Activities**
|**Charitable Expenses**
Program consultants and sessional workers
Workshops and Drop-in Services
Admin & Project Support
Office & general running Expenses
Venue Costs
Communications, Publicity & Website
Governance and Staff Welfare
Insurance
Depreciation
Professional fees
**TOTAL RESOURCES EXPENDED**||**Unrestricted**
**Funds**
£
-
-
-
-
-
-
250
-
-
-
250|**Restricted**
**Funds**
£
88,881
37,300
3,926
1,556
1,079
2,209
-
490
4
2,125
137,570|**Total**
Total
**Funds**
Funds
**2026**
2025
**£**
£
**88,881**
78,963
**37,300**
29,891
**3,926**
3,812
**1,556**
665
**1,079**
2,229
**2,209**
1,001
**250**
-
**490**
410
**4**
5
**2,125**
2,505|
|---|---|---|---|---|
||||||
|||||**137,820**
119,481|
## **17. Governance and Support cost**
|Professional fees
Insurance
Admin and Project support
Governance & Staff Welfare
Communications, Publicity &
Websites
Office and general running exp.
Depreciation|**General**
**Support**
**Governance**
**Total**
**£**
**£**
**£**
1,440
685
**2,125**
-
490
**490**
3,926
-
**3,926**
-
250
**250**
2,209
-
**2,209**
1,530
26
**1,556**
4
-
**4**|
|---|---|
||**9,110**
**1,451**
**10,561**|
## **18. Movement In Funds**
|At 1st April 2025
Surplus/Deficit for the year
Transfers between funds
At 31st March 2026|**Unrestricted**
**funds reserve**
**Designated**
**Fund**
**£**
**£**
66,581
35,000
15,044
-
-
-
81,625
35,000|**Restricted**
**funds reserve**
**£**
29,970
49,124
-
79,094|**Total**
**£**
**131,551**
**64,168**
**-**|
|---|---|---|---|
||||**195,719**|
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## **19. Designated Funds**
The trustees have earmarked funds for particular purposes and these designated funds are shown above for the following purpose: -
- Management Team Structure fund is to provide for any shortfall in projects and any delayed payments from funders to maintain smooth cashflows.
- Website, IT maintenance& marketing fund is to provide support for Mosaic's website development, provision for new IT equipment and publicity.
- Fundraiser is to provide for professional and consultant engaged in fundraising strategy.
- To cover for any unexpected financial organisational risk, such as any extraordinary event. E.g., the recent pandemic.
- To implement a core functions department for the charity to help coordinate and manage all projects including an admin/finance officer to help with project monitoring & reporting and general administration of the charity.
- Renting an office for core function which will require a deposit and proof of financial viability to potential landlord.
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