REGISTERED COMPANY NUMBER: 12116147 (England and Wales) REGISTERED CHARITY NUMBER: 1198630
Report of the trustees and
Unaudited financial statements for the year ended 31 July 2024
For
Cambridge Middle East and North Africa Forum Ltd
Parker Russell UK Chartered Accountants Level 30 The Leadenhall Building 122 Leadenhall Street City of London EC3V 4AB
Cambridge Middle East and North Africa Forum Ltd
Contents of the financial statements for the Year Ended 31 July 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 to 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Notes to the Financial Statements | 8 to 14 |
| Detailed Statement of Financial Activities | 15 |
Cambridge Middle East and North Africa Forum Ltd
Report of the trustees for the Year Ended 31 July 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of 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 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
12116147 (England and Wales)
Registered Charity number
1198630
Registered office
Parker Russell, Level 30 The Leadenhall Building 122 Leadnehall Street City of London London EC3V 4AB
Trustees
P Kurath Director (appointed 18.1.24) S Z Roiter Jesner Student
Company Secretary
J N Keisner
Page 1
Cambridge Middle East and North Africa Forum Ltd
Report of the trustees for the Year Ended 31 July 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner Jason Parker MA, FCA Parker Russell UK Chartered Accountants Level 30 The Leadenhall Building 122 Leadenhall Street City of London EC3V 4AB
Approved by order of the board of trustees on 27 May 2025 and signed on its behalf by:
P Kurath - Trustee
Page 2
Independent examiner's report to the trustees of Cambridge middle east and north africa Forum ltd
Independent examiner's report to the trustees of Cambridge Middle East and North Africa Forum Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Page 3
Independent examiner's report to the trustees of Cambridge middle east and north africa Forum ltd
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jason Parker MA, FCA
Parker Russell UK Chartered Accountants Level 30 The Leadenhall Building 122 Leadenhall Street City of London EC3V 4AB
27 May 2025
Page 4
Cambridge Middle East and North Africa Forum Ltd
Statement of financial activities for the Year Ended 31 July 2024
| 31.7.24 Unrestricted fund Notes £ Income and endowments from Donations and legacies 50,999 Investment income 2 - Total 50,999 Expenditure on Raising funds 3 101,802 NET INCOME/(EXPENDITURE) (50,803) Reconciliation of funds Total funds brought forward 158,575 Total funds carried forward 107,772 |
31.7.23 Total funds £ 348,578 15 348,593 182,493 166,100 (7,525) 158,575 |
|---|---|
The notes form part of these financial statements
Page 5
Cambridge Middle East and North Africa Forum Ltd
Balance sheet 31 July 2024
| 31.7.24 Unrestricted fund Notes £ Current assets Debtors 7 78,705 Cash at bank 39,716 118,421 Creditors Amounts falling due within one year 8 (10,649) Net current assets 107,772 Total assets less current liabilities 107,772 NET ASSETS 107,772 Funds 9 Unrestricted funds 107,772 Total funds 107,772 |
31.7.23 Total funds £ 140,000 22,477 162,477 (3,902) 158,575 158,575 158,575 158,575 158,575 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
Cambridge Middle East and North Africa Forum Ltd
Balance sheet - continued 31 July 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 May 2025 and were signed on its behalf by:
P Kurath - Trustee
Shlomo Roiter Jesner (May 30, 2025 19:58 GMT+8)
S Z Roiter Jesner - Trustee
The notes form part of these financial statements
Page 7
Cambridge Middle East and North Africa Forum Ltd
Notes to the financial statements for the Year Ended 31 July 2024
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TAXATION
The charity is exempt from corporation tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 8
Cambridge Middle East and North Africa Forum Ltd
Notes to the financial statements - continued for the Year Ended 31 July 2024
1. ACCOUNTING POLICIES - continued
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. INVESTMENT INCOME
| Deposit account interest 3. RAISING FUNDS RAISING DONATIONS AND LEGACIES Trustees' remuneration etc Consultancy IT and computer expenses Travel and subsistence Insurance Advertising Accountancy Postage and stationery Writer and researcher costs Legal fees Support costs |
31.7.24 £ - 31.7.24 £ 47,073 15,414 798 22,567 314 3,680 6,355 157 3,760 1,640 44 101,802 |
31.7.23 £ 15 31.7.23 £ 42,005 72,637 6,563 14,972 299 2,650 2,401 760 40,206 - - |
|---|---|---|
| 182,493 |
continued...
Page 9
Cambridge Middle East and North Africa Forum Ltd
Notes to the financial statements - continued for the Year Ended 31 July 2024
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Consultancy IT and computer expenses TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries Trustees' pensions paid |
31.7.24 £ 15,414 798 31.7.24 £ 46,004 1,069 47,073 |
31.7.23 £ 72,637 6,563 |
|---|---|---|
| 31.7.23 £ 41,113 892 |
||
| 42,005 |
5. TRUSTEES' REMUNERATION AND BENEFITS
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| Income and endowments from | |
| Donations and legacies | 348,578 |
| Investment income | 15 |
| Total | 348,593 |
| Expenditure on | |
| Raising funds | 182,493 |
| NET INCOME | 166,100 |
continued...
Page 10
Cambridge Middle East and North Africa Forum Ltd
Notes to the financial statements - continued for the Year Ended 31 July 2024
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| continued | |||
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| £ | |||
| Reconciliation of funds | |||
| Total funds brought forward | (7,525) | ||
| Total funds carried forward | 158,575 | ||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.7.24 | 31.7.23 | ||
| £ | £ | ||
| Other debtors | 78,705 | 140,000 | |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.7.24 | 31.7.23 | ||
| £ | £ | ||
| Social security and other taxes | 2,827 | 196 | |
| Other creditors | 2,576 | 2,607 | |
| Accrued expenses | 5,246 | 1,099 | |
| 10,649 | 3,902 |
continued...
Page 11
Cambridge Middle East and North Africa Forum Ltd
Notes to the financial statements - continued for the Year Ended 31 July 2024
9. MOVEMENT IN FUNDS
| At 1.8.23 £ Unrestricted funds General fund 158,575 TOTAL FUNDS 158,575 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 50,999 TOTAL FUNDS 50,999 Comparatives for movement in funds At 1.8.22 £ Unrestricted funds General fund (7,525) TOTAL FUNDS (7,525) |
Net movement At in funds 31.7.24 £ £ (50,803) 107,772 (50,803) 107,772 Resources Movement expended in funds £ £ (101,802) (50,803) (101,802) (50,803) Net movement At in funds 31.7.23 £ £ 166,100 158,575 166,100 158,575 |
|---|---|
continued...
Page 12
Cambridge Middle East and North Africa Forum Ltd
Notes to the financial statements - continued for the Year Ended 31 July 2024
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 348,593 | (182,493) | 166,100 | |
| TOTAL FUNDS | 348,593 | (182,493) | 166,100 | |
| A current year 12 months and prior year 12 months combined position is as follows: | ||||
| Net | ||||
| movement | At | |||
| At 1.8.22 | in funds | 31.7.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | (7,525) | 115,297 | 107,772 | |
| TOTAL FUNDS | (7,525) | 115,297 | 107,772 | |
| A current year 12 months and prior year | 12 months combined | net movement | in fund | |
| included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 399,592 | (284,295) | 115,297 | |
| TOTAL FUNDS | 399,592 | (284,295) | 115,297 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
continued...
Page 13
Cambridge Middle East and North Africa Forum Ltd
Notes to the financial statements - continued for the Year Ended 31 July 2024
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2024.
Page 14
Cambridge Middle East and North Africa Forum Ltd
Detailed statement of financial activities for the Year Ended 31 July 2024
| Income and endowments Donations and legacies Gifts Investment income Deposit account interest Total incoming resources Expenditure Raising donations and legacies Trustees' salaries Trustees' pensions paid Consultancy IT and computer expenses Travel and subsistence Insurance Advertising Accountancy Postage and stationery Writer and researcher costs Legal fees Support costs Finance Bank charges Total resources expended Net (expenditure)/income |
31.7.24 £ 50,999 - 50,999 46,004 1,069 15,414 798 22,567 314 3,680 6,355 157 3,760 1,640 101,758 44 101,802 (50,803) |
31.7.23 £ 348,578 15 |
|---|---|---|
| 348,593 41,113 892 72,637 6,563 14,972 299 2,650 2,401 760 40,206 - |
||
| 182,493 - |
||
| 182,493 | ||
| 166,100 |
This page does not form part of the statutory financial statements
Page 15