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2021-12-31-accounts

The Cambridge Mosque Trust (Charitable Incorporated Organisation)

GROUP ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Charitable Incorporated Organisation Number: 1164931

THE CAMBRIDGE MOSQUE TRUST REFERENCE AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees Mr Timothy John Winter – Chairman
Mr Sohail Bhatti
Prof Aziz Akgul
Mr Burhanettin Aktas
Dr Ersin Arioglu
Dr Ibrahim Kalin
Ms Zeynep Coskun
Mrs Shahida Rehman
Dr Selim Argun
Dr Henning Majid Grosse Ruse
Mr Daniel James Thomas
Charitable Incorporated Organisation 1164931
Number
Registered Office 309-313 Mill Road,
Cambridge,
Cambridgeshire,
CB1 3DF
Auditors Haysmacintyre LLP,
10 Queen Street Place,
London, EC4R 1AG
Bankers HSBC
63-64 St Andrews Street,
Cambridge
CB2 3BZ
Metro Bank
One Southampton Row
London
WC1B 5HA

1

REPORT OF THE BOARD

THE CAMBRIDGE MOSQUE TRUST

FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees are pleased to present their annual Trustees Report together with the financial statements of The Cambridge Mosque Trust ("CMT") for the year ended 31 December 2021.

The Cambridge Mosque Trust consolidated financial statements include the results of The Cambridge Mosque Trust (Charitable Incorporated Number 1164931) and CMT Design and Build Limited (Company Number 09939137).

The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

Structure, management and objectives

The trustees are responsible for approving the annual financial budgets and ensuring the activities of the charity are in line with the objectives of the charity. The day to day operations and management of the Cambridge Central Mosque are delegated to the mosque director and over seen by a subcommittee of the UK based trustees.

CMT is a Charitable Incorporated Organisation and was registered on 18 December 2015 under the charity number 1164931. Under the governing document the Charity can have up to 2 appointed Trustees and 11 nominated Trustees. Nominated trustees are appointed for a term of 4 years. Each Trustee can serve a maximum of 3 continuous terms Appointed trustees are appointed for a term of 3 years by a resolution passed at a trustees meeting The Trustees who served during the year were:

Mr Timothy Winter (Chairman) Mr Sohail Bhatti (Treasurer) Mrs Zeynep Coskun (Fundraiser) Mr Ibrahim Kalin Mr Burhanettin Aktaş Mr Aziz Akgül Ersin Arıoğlu Halife Keskin Shahida Rehman Mr Daniel James Thomas Dr Selim Argun

The Charity provides introduction material and training as required for new Trustees.

Objectives and activities

The Charity's Objective as set out in its governing document is:

To advance the Islamic faith for the public benefit by the provision, maintenance and management of a mosque and ancillary premises to include the provision of educational and religious classes.

Achievement and performance

The year was again dominated by restrictions imposed by the Covid-19 pandemic. Government guidelines were followed throughout. Ways were found of offering some services such as counselling and marriages online and our comms team considerably expanded the range and reach of our online lectures and sermons. Donations were again down significantly as a result of reduced footfall during the pandemic period. A programme of food supplies for needy families and hot meals for key hospital workers, and the community response service launched last year, were continued.

Throughout the lockdown period and especially during Ramadan, the Mosque provided hot meals to NHS staff, students and vulnerable members of the community, as well to Jimmy’s Homeless shelter. Supplies of dry food items were also distributed to refugee families, vulnerable groups and individuals. Another Macmillan Coffee Morning was held. A pop-up Covid vaccination clinic was located on several occasions in the mosque.

The Mosque was a finalist for the Stirling Prize, and won the Client of the Year Award.

The third Islamic Art Sale was held from November 15 to December 31 and raised £50,000 during the year.

2

THE CAMBRIDGE MOSQUE TRUST

REPORT OF THE BOARD

FOR THE YEAR ENDED 31 DECEMBER 2021

Other Mosque Online Services

During lockdown and the period of its gradual amelioration over the year the Mosque continued with Shahada and Nikah services via online platforms such as Zoom and Teams. Hifz and Quran classes were also held over these platforms, and then in person as restriction eased.

Ramadan program

Daily live streaming service during Ramadan included live and pre-recorded talks in, daily Quran recitations, prayers and a special live Iftar program. The Mosque also reactivated its ambitious online RAMADAN TV Channel which broadcast songs, sermons and documentaries around the clock, to which new features were added. This was made possible by the generosity of Muslim film producers.

A newsletter was published at the end of the year (December 2021): https://cambridgecentralmosque.org/newsletters/

There has been no outsourced fundraising via professional fundraisers or other third parties. As a result, the charity is not registered with the fundraising regulator and received no fundraising complaints in the current or preceding year. The trustees recognise that during these difficult times, the Mosque was only able to deliver all these services due to the continued commitment and support of the staff and volunteers, who work tirelessly throughout the year.

Key management personnel

Most administrative tasks were carried out by the UK based Trustees, who are also the key management personal of the charity. The trustees are not remunerated for their services to the charity.

Risk Review

The Trustees have reviewed the key areas of risk at this stage of the project:

  1. Shortfall in funding - all funding is from donations. The Trustees continue to secure further donations to cover the future operating costs of the mosque by holding fundraisng events and appeals during Ramadan.

  2. Health and Safety – regular traing is held for staff and volunteers including first aid, fire safety procedures and DBS cheks to ensure safe use of mosque by visitors.

  3. Measures have been put in place to protect the public and staff against impact COVID-19. Part of the mosque were closed; access was limited and a booking system put in place to track and trace all visitors.

  4. Revised financial plans have been prepared and implemented to reduce costs and preserve cash as COVID will have major impact on fundraising activities that can be held at the mosque.

Public Benefit

The Trustees confirm that they have referred to the Charity Commissions' general guidance on Public Benefit when reviewing and shaping the charity's aims and objectives. The charity works to ensure that its programs are inclusive, accessible and responsive to the needs of the beneficiaries.

Reserve Policy

Now that the mosque has entered its operational phase, the trustees will formulate a reserves policy during the year as activities pick up. It is anticipated that reserves for 3 months operating costs will be maintained at all times. The group’s current level of free reserves of £127,628 would allow it to meet the future costs in the event of any unforeseen drop in income owing to the ongoing impact of COVID-19. The designated Zakat fund of £2,610 set aside will be used in the forthcoming period to support those in need.

Financial Review

Income for the year was £492,954 (2020: £367,019) and was derived from donations of £492,934 (2020: £366,841) and investment income of £20 (2020: £178). Expenditure for the year was £1,623,593 (2020: £1,602,489) and was mainly related to fundraising, depreciation and operating costs for the mosque.

3

THE CAMBRIDGE MOSQUE TRUST

REPORT OF THE BOARD

FOR THE YEAR ENDED 31 DECEMBER 2021

Plans for the Future

The facility has been running with no significant difficulties during the year. The new website will be further augmented and social media presence enhanced. Additional classes will be held. The Charity has plans to begin work on establishing a permanent endowment to cover its costs in perpetuity.

Fundraising activities at the mosque have been reduced due to impact of COVID-19 and switched to on-line and social media campaigns. Imams regularly now broad cast to the community via social media channels. A permanent digital media infrastructure will be put in place.

Statement of Trustees Responsibilities

Law applicable to charities in England and Wales requires Trustees to prepare financial statements for each financial year, which give a true and fair view of the Trust’s financial activities during the period and of its financial position at the end of the period. In preparing financial statements that give a true and fair view, the Trustees should follow best practice and

The Trustees of the Trust are responsible for safeguarding the assets of the Trust, and hence for taking reasonable steps for the prevention and detection of error, fraud and other irregularities. They are also responsible for keeping accounting records which disclose, with reasonable accuracy, the financial position of the Trust at any time, and which enable them to ascertain the financial position of the Trust and ensure that the financial statements comply with the Charities Act 2011.

Signed on behalf of the Board of Trustees on 27 October 2022.

Sohail Bhatti

Sohail Bhatti Trustee

4

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF THE CAMBRIDGE MOSQUE TRUST

Opinion

We have audited the financial statements of The Cambridge Mosque Trust for the year ended 31 December 2021 which comprise the Consolidated Statement of Financial Activities, the Group and Charity Balance Sheets, the Consolidated Statement of Cash Flow and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

5

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF THE CAMBRIDGE MOSQUE TRUST

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement set out on page 4, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and the parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the group and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations relates to the regulatory requirements of Charity Law, Health and Safety Act and Employment law and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011 and the application of FRS 102 and payroll tax.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to application of controls around authorisation of journals and, expenditure and payments. Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

6

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF THE CAMBRIDGE MOSQUE TRUST

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity’s trustees as a body for our audit work, for this report, or for the opinions we have formed.

Haysmacintyre LLP Statutory Auditors 10 Queen Street Place London EC4R 1AG

Date: 27 October 2022

Haysmacintyre LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

7

THE CAMBRIDGE MOSQUE TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted Restricted Total Total
Funds Funds Funds Funds
Year-ended Year-ended
2021 2021 2021 2020
Note £ £
Income from
Donations & legacies
Donations 2 440,606 52,328 492,934 366,841
Investments 20 - 20 178
--------------------- --------------------- --------------------- ---------------------
Total 440,626 52,328 492,954 367,019
--------------------- --------------------- ---------------------- ----------------------
Expenditure on
Raising funds 3 76,656 - 76,656 35,389
Charitable activities 3 489,196 1,057,741 1,546,937 1,567,100
---------------- ---------------- ---------------- ----------------
Total 565,852 1,057,741 1,623,593 1,602,489
---------------- ---------------- ----------------- -----------------
Net movement in funds (125,226) (1,005,413) (1,130,639) (1,235,470)
Reconciliation of funds
Total funds brought forward 235,699 32,896,817 33,132,516 34,367,986
---------------- ---------------- ---------------- ----------------
Total funds carried 10 110,473 31,891,404 32,001,877 33,132,516
forward
========= ========= ========= =========

The results for the year are derived from continuing operations.

There were no recognised gains or losses, other than those passing through the statement of financial activities.

The accompanying notes form part of these financial statements.

8

THE CAMBRIDGE MOSQUE TRUST

GROUP AND CHARITY BALANCE SHEET

AS AT 31 DECEMBER 2021

Group Group Charity Charity
2021 2020 2021 2020
Notes £ £ £ £
FIXED ASSETS
Tangible fixed assets 6 31,587,382 32,573,561 32,377,970 33,364,149
Investments 7 - - 241,490 250,000
------------------ ------------------ ------------------ ------------------
31,587,382 32,573,561 32,619,460 33,614,149
CURRENT ASSETS
Debtors 8 20,221 21,994 19,422 21,994
Cash at bank and in hand 521,607 1,028,690 305,533 870,961
------------------ ------------------ ------------------ ------------------
541,828 1,050,684 324,955 892,955
CREDITORS: amounts
falling due within one year
9		 (127,333) (491,729) (132,380) (578,127)
------------------ ------------------ ------------------ ------------------
NET CURRENT ASSETS 414,495 558,955 192,575 314,828
------------------ ------------------ ------------------ ------------------
NET ASSETS 32,001,877 33,132,516 32,812,035 33,928,977
========== ========== ========= =========
FUNDS
General Funds 127,628 233,089 523,741 634,560
Designated Funds 2,633 2,610 2,633 2,610
Restricted funds 11,12 31,871,616 32,896,817 32,285,661 33,291,807
------------------ ------------------ ------------------ ------------------
32,001,877 33,132,516 32,812,035 33,928,977
========== ========== ========== ==========

The financial statements were approved and authorised for issue by the Board of Trustees and were signed below on its behalf by:

Sohail Bhatti

Sohail Bhatti Trustee

Date: 27 October 2022

The accompanying notes form part of these financial statements.

The net movement in funds for the parent charity amounted to (£1,116,942) (2020: £1,144,752).

9

THE CAMBRIDGE MOSQUE TRUST

GROUP CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2021

Total funds Total funds Total funds
2021 2020
£
£		 £
£
Cash flows from operating activities (489,545) (171,404)
Cash flows from investing activities:
Purchase of property, plant and equipment (17,518) (110,884)
Investment income (20) (178)
----------------- -----------------
Net cash (used in) investing activities (17,538) (111,062)
----------------- -----------------
(Decrease)/increase in cash and cash equivalents in (507,083) (282,466)
the reporting period
Cash and cash equivalents at the beginning of the 1,028,690 1,311,156
reporting period
-------------------- --------------------
Cash and cash equivalents at the end of the reporting 521,607 1,028,690
period
========== ==========
2021 2020
£ £
Reconciliation of net movement in funds to cash flow
from operating activities
Net movement in funds (1,130,639) (1,235,470)
Investment income 20 178
Decrease in debtors 1,773 30,799
Depreciation 1,003,697 1,000,893
Increase/(decrease) in creditors (364,396) 32,196
--------------------- ---------------------
Net cash provided by operating activities (489,545) (171,404)
========== ==========
Analysis of cash and cash equivalents 2021 2020
£ £
Cash in hand 521,607 1,028,690
----------------- -----------------
Total cash and cash equivalents 521,607 1,028,690
======== ========

10

THE CAMBRIDGE MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of Preparation

T he 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) – (Charities SORP 2015 (Second Edition, effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The Cambridge Mosque Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The functional and presentation currency is pounds sterling. The financial statements are rounded to the nearest £1.

Going Concern

The Trustees consider the charity has adequate resources to continue in operational existence for the foreseeable future, including the next 12 months from the date of signing these financial statements. The Trustees also consider that the aforementioned resources would allow the charity to meet its obligations and debt as they fall due Accordingly the financial statements have been prepared on a going concern basis.

Basis of Consolidation

The financial statements consolidate the results of the charity and its wholly owned subsidiary CMT Design and Build Limited on a line-by-line basis. A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the charity has taken advantage of the exemption afforded by the Charities Act 2011.

Income

All income is recognised once the charity has an entitlement to income, it is probable that income will be received and the amount of income receivable can be measured reliably.

Donations

Donations income is accounted where there is entitlement, probability and is measurable.

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.

Value added tax

Value added tax not recoverable is included in the relevant costs in the Statement of Financial Activities.

Tangible Fixed Assets

Tangible fixed assets are stated at cost, less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful life as follows:

Buildings 50-year straight line Exhibition Room 3-year straight line Fixtures and Fittings 4-year straight line Plant and Equipment 10-year straight line

11

THE CAMBRIDGE MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES (continued)

Fund Accounting

General funds are unrestricted funds which can be used at the discretion of the Trustees in accordance with the objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors. The purposes and uses of the restricted funds are set out in the notes to the accounts.

Financial instruments

Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost with the exception of investments which are held at fair value. Financial assets held at amortised cost comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital. Financial liabilities held at amortised cost comprise all creditors except social security and other taxes.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Critical accounting estimates and judgements

In preparing these financial statements, management has made judgements, estimates and assumptions that affect the application of the charity’s accounting policies and the reported assets, liabilities, income and expenditure and the disclosures made in the financial statements. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Employee termination benefits

Termination benefits are accounted for on an accrual basis and in line with FRS 102.

12

THE CAMBRIDGE MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

2. DONATIONS Unrestricted Restricted Total Year – ended
2021
£ £ £
Donations 440,606 52,328 492,934
----------------- ----------------- -----------------
440,606 52,328 492,934
======== ======== ========
DONATIONS – PRIOR YEAR Unrestricted Restricted Total Year – ended
2020
£ £ £
Donations 366,191 650 366,841
----------------- ----------------- -----------------
366,191 650 366,841
======== ======== ========
3. EXPENDITURE
Direct staff Other direct Support
Total Year-
costs costs costs
ended
2021
£ £ £
£
Raising funds - 76,656 -
76,656
Charitable activities – mosque running costs 80,489 1,435,262 31,186
1,546,937
----------------- ----------------- -----------------
-----------------
80,489 1,511,918 31,186
1,623,593
======== ======== ========
========

Support costs have been allocated on the basis of the actual costs incurred for each category.

EXPENDITURE – PRIOR YEAR
Direct staff Other direct Support Total Year-
costs costs costs ended
2020
£ £ £ £
Raising funds - 27,395 7,994 35,389
Charitable activities – mosque running 94,213 1,440,911 31,976 1,567,100
----------------- ----------------- ----------------- -----------------
94,213 1,468,306 39,970 1,602,489
======== ======== ======== ========

13

THE CAMBRIDGE MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

4. SUPPORT COSTS SUPPORT COSTS
Total Total
2021 2020
£ £
Office overheads 17,401 23,672
Governance costs
- Legal and professional fees 1,160 3,298
- Auditor’s fees 12,625 13,000
- Trustees related expenses - -
----------------- -----------------
31,186 39,970
======== ========
5. STAFF COSTS
Total Total
2021 2020
£ £
Wages and salaries 76,964 87,271
Social security costs 2,067 5,419
Pensions 1,458 1,523
----------------- -----------------
80,489 94,213
======== ========

The average number of employees for the year were 4 (2020: 4). All employees were engaged in the running of the mosque. No employees earned in excess of £60,000 (2020: 60,000)

The trustees are deemed to be the key management personnel and are not remunerated for their services to the charity.

6. TANGIBLE FIXED ASSETS - GROUP TANGIBLE FIXED ASSETS - GROUP
Land and Furniture, Exhibition
 Total
Building fixtures & Room
fittings
£ £ £ £
COST
As at 1 January 2021 33,951,655 172,509 172,287 34,296,451
Additions 2,220 15,298 - 17,518
----------------- ----------------- ----------------- -----------------
As at 31 December 2021 33,953,875 187,807 172,287 34,313,969
DEPRECIATION
As at 1 January 2021 1,586,885 60,199 75,806 1,722,890
Charge for the year 907,712 39,130 56,855 1,003,697
-------------------- -------------------- ------------------ --------------------
As at 31 December 2021 2,494,597 99,329 132,661 2,726,587
NET BOOK VALUE
As at 31 December 2021 31,459,278 88,478 39,626 31,587,382
========= ========= ======== =========
As at 31 December 2020 32,364,770 112,310 96,481 32,573,561
========= ========= ======== =========

14

THE CAMBRIDGE MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

TANGIBLE FIXED ASSETS – Charity

Land and Furniture Exhibition
 Total
Building , fixtures Room
& fittings
£ £ £
 £
COST
As at 1 January 2021 34,742,243 172,509 172,287 35,087,039
Additions 2,220 15,298 - 17,518
----------------- ----------------- ----------------- -----------------
As at 31 December 2021 34,744,463 187,807 172,287 35,104,557
DEPRECIATION
As at 1 January 2021 1,586,885 60,199 75,806 1,722,890
Charge for the year 907,712 39,130 56,855 1,003,697
-------------------- -------------------- ------------------ --------------------
As at 31 December 2021 2,494,597 99,329 132,661 2,726,587
NET BOOK VALUE
As at 31 December 2021 32,249,866 88,478 39,626 32,377,970
========= ========= ======== =========
As at 31 December 2020 33,155,358 112,310 96,481 33,364,149

7. INVESTMENTS AND RESULTS FROM TRADING ACTIVITIES OF SUBSIDIARY

Shares in subsidiary undertakings

The charity owns the 100% share of CMT Design and Build Ltd, which is a company incorporated in England and Wales. Charity investment is valued at £241,490 The registered office of the company is 96 Eynsham Road Botley, Oxford, OX2 9BX.

CMT Design and Build Limited (No. 09939137) was incorporated on 6 January 2017, with the principal activity of the design and build of the Mosque in Cambridge.

INCOME AND EXPENDITURE

INCOME AND EXPENDITURE
Year-ended Year-ended
2021 2020
£ £
Income 19,570 79,530
Expenditure (22,207) (85,402)
------------------- -------------------
Loss for the year (2,637) (5,872)
========= =========

15

THE CAMBRIDGE MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

BALANCE SHEET 2021 2020
£ £
Current assets
Cash 216,074 157,729
Debtors 32,238 470,673
----------------- -----------------
248,312 628,402
Creditors: due under one year (6,822) (384,275)
------------------- -------------------
Net Assets 241,490 244,127
========= =========
Capital and reserves 241,490 244,127
========= =========
8. DEBTORS Group Group Charity Charity
2021 2020 2021 2020
£ £ £ £
Prepayments 19,421 18,494 19,422 18,494
Other debtors 800 3,500 - 3,500
----------------- ----------------- ----------------- --------------
20,221 21,994 19,422 21,994
======== ======== ======== ========
9. CREDITORS: amounts falling due within
one year Group Group Charity Charity
2021 2020 2021 2020
£ £ £ £
Trade creditors 83,503 440,883 78,684
54,108
Amounts owed to subsidiary undertakings - - 11,868
470,673
Accruals 37,958 48,652 35,958
51,152
Other 5,872 2,194 5,870
2,194
------------------ ------------------ ------------------
------------------
127,333 491,729 132,380
578,127
======== ======== ========
========

10. RELATED PARTY RELATIONSHIPS AND TRANSACTIONS

At the year end the subsidiary company, CMT Design and Build Ltd owed £nil (2020: £Nil) to The Cambridge Mosque Trust in respect of the gift-aid payable. At the year end The Cambridge Mosque Trust owed £11,868 (2020: 470,673) to CMT Design and Build Limited in respect of the construction services provided by the company.

Expenses amounting to £nil were reimbursed to the trustees. (2020: £Nil). No trustees received any benefits in kind in the current or the prior period.

Mr S Bhatti and Dr T Winter are trustees of Muslim Academic Trust, a charity registered in England and Wales, that donated £50,000 during the year. These were funds raised from the Islamic Art sale project.

There are no other related party transactions to report in either the current or the preceding year.

16

THE CAMBRIDGE MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

11. GROUP FUNDS – CURRENT YEAR ENDED 31 DECEMBER 2021

Brought Carried
Forward Income Expenditure Forward
£ £ £ £
Donations 26,176,754 - 1,003,697 25,173,057
Donated land 6,697,262 - - 6,697,262
Fitrana - 6,122 6,122 -
Janazah 650 175 - 825
Zakat 1,900 41,839 43,267 472
McMillan 463 4,192 4,655 -
--------------------- ----------------------- --------------------- ---------------------
Restricted funds 32,877,029 52,328 1,057,741 31,871,616
--------------------- ----------------------- --------------------- ---------------------
General funds 252,854 440,626 565,852 127,628
Designated funds 2,633 - - 2,633
--------------------- ----------------------- --------------------- ---------------------
Unrestricted funds 255,487 440,626 565,852 130,261
--------------------- ----------------------- --------------------- ---------------------
TOTAL OF FUNDS 33,132,516 492,954 1,623,593 32,001,877
=========== =========== =========== ===========

GROUP FUNDS – PRIOR YEAR ENDED 31 DECEMBER 2020

Brought Carried
Forward Income Expenditure Forward
£ £ £ £
Donations 27,177,647 - 1,000,893 26,176,754
Donated land 6,697,262 - - 6,697,262
Fitrana - - - -
Janazah - 650 - 650
Zakat 21,688 2,600 22,388 1,900
McMillan 463 - - 463
--------------------- ----------------------- --------------------- ---------------------
Restricted funds 33,897,060 3,250 1,023,281 32,877,029
--------------------- ----------------------- --------------------- ---------------------
General funds 468,293 363,769 579,208 252,854
Designated funds 2,633 - - 2,633
--------------------- ----------------------- --------------------- ---------------------
Unrestricted funds 470,926 363,769 579,208 255,487
--------------------- ----------------------- --------------------- ---------------------
TOTAL OF FUNDS 34,367,986 367,019 1,602,489 33,132,516
=========== =========== =========== ===========

17

THE CAMBRIDGE MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

12. CHARITY FUNDS – CURRENT YEAR ENDED 31 DECEMBER 2021

Brought Carried
Forward Income Expenditure Forward
£ £ £ £
Donations 26,590,799 - 1,003,697 25,587,102
Donated land 6,697,262 - - 6,697,262
Fitrana - 6,122 6,122 -
Janazah 650 175 - 825
Zakat 1,900 41,839 43,267 472
McMillan 463 4,192 4,655 -
--------------------- ----------------------- --------------------- ---------------------
Restricted funds 33,291,074 52,328 1,057,741 32,285,661
--------------------- ----------------------- --------------------- ---------------------
General funds 635,270 440,626 552,155 523,741
Designated fund 2,633 - - 2,633
--------------------- ----------------------- --------------------- ---------------------
Unrestricted funds 637,903 440,626 552,155 526,374
--------------------- ----------------------- --------------------- ---------------------
TOTAL OF FUNDS 33,928,977 492,954 1,609,896 32,812,035
=========== =========== =========== ===========

CHARITY FUNDS – PRIOR YEAR ENDED 31 DECEMBER 2020

Brought Carried
Forward Income Expenditure Forward
£ £ £ £
Donations 27,591,692 - 1,000,893 26,590,799
Donated land 6,697,262 - - 6,697,262
Fitrana - - - -
Janazah - 650 - 650
Zakat 21,688 2,600 22,388 1,900
McMillan 463 - - 463
--------------------- ----------------------- --------------------- ---------------------
Restricted funds 34,311,105 3,250 1,023,281 33,291,074
---------------------- ----------------------- --------------------- ---------------------
General funds 759,990 451,516 576,236 635,270
Designated funds 2,633 - - 2,633
--------------------- ----------------------- --------------------- ---------------------
Unrestricted funds 762,623 451,516 576,236 637,903
--------------------- ----------------------- --------------------- ---------------------
TOTAL OF FUNDS 35,073,728 454,766 1,599,517 33,928,977
=========== =========== =========== ===========

18

THE CAMBRIDGE MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

Funds descriptions

Donations

All donation received prior to the completion of the mosque in March 2019 were for the purpose of building and equipping mosque in Cambridge on the donated land.

Donated land

Land was donated for the purpose of building a mosque in Cambridge

Fitrana

Funds to support the poor to celebrate Eid-al-Fitr

Janazah

All funds received are for the support funeral costs for the poor.

Zakat

All funds received are for the relief of poverty

McMillan

Funds to be donated to MacMillan Cancer Appeal

13. ANALYSIS OF GROUP NET ASSETS Designated General Restricted Total
BETWEEN FUNDS Funds Funds Funds 2021
£ £ £ £
Fund balances at 31 December 2021:
Tangible fixed assets - - 31,587,382 31,587,382
Current assets (liabilities) 2,633 127,628 284,234 414,495
------------------ ---------------------- ---------------- ----------------------
At 31 December 2021 2,633 127,628 31,871,616 32,001,877
========= =========== ======== ===========
ANALYSIS OF GROUP NET ASSETS Designated General Restricted Total
BETWEEN FUNDS – PRIOR YEAR Funds Funds Funds 2020
£ £ £ £
Fund balances at 31 December 2020:
Tangible fixed assets - - 32,573,561 32,573,561
Current assets (liabilities) 2,610 233,089 323,256 558,955
------------------ ---------------------- ---------------- ----------------------
At 31 December 2020 2,610 233,089 32,896,817 33,132,516
========= =========== ======== ===========

19

THE CAMBRIDGE MOSQUE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

14. PRIOR YEAR CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Total
Funds Funds Funds
Year-ended
2020 2020 2020
Note £
Income from
Donations & legacies
Donations 366,191 650 366,841
Investments 178 - 178
--------------------- --------------------- ---------------------
Total 366,369 650 367,019
--------------------- -------------------- ----------------------
Expenditure on
Raising funds 3 35,389 - 35,389
Charitable activities 3 566,207 1,000,893 1,567,100
---------------- ---------------- ----------------
Total 601,596 1,000,893 1,602,489
---------------- ---------------- -----------------
Net movement in funds (235,227) (1,000,243) (1,235,470)
Reconciliation of funds
Total funds brought forward 470,926 33,897,060 34,367,986
---------------- ---------------- ----------------
Total funds carried forward 11 235,699 32,896,817 33,132,516
========= ========= =========

20