**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 2025** ## **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 2025** ||**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 to 16| **CAMBRIDGE MIDDLE EAST AND NORTH AFRICA FORUM LTD** ## **REPORT OF THE TRUSTEES for the Year Ended 31 July 2025** 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 2025. 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 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 2025** **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 30 April 2026 and signed on its behalf by: Patrik Kurath (May 6, 2026 20:01:57 GMT+1) 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 2025. ## **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: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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 30 April 2026 Page 4 **CAMBRIDGE MIDDLE EAST AND NORTH AFRICA FORUM LTD** ## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 July 2025** |**2025**
**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS**
**FROM**
Donations and legacies
88,549
Investment income
2
6,534
**Total**
95,083
**EXPENDITURE ON**
Raising funds
3
128,878
**NET INCOME/(EXPENDITURE)**
(33,795)
**RECONCILIATION OF FUNDS**
Total funds brought forward
107,772
**TOTAL FUNDS CARRIED**
**FORWARD**
73,977|**2024**
**Total**
**funds**
**£**
50,999
-
50,999
101,802
(50,803)
158,575
107,772| |---|---| The notes form part of these financial statements Page 5 **CAMBRIDGE MIDDLE EAST AND NORTH AFRICA FORUM LTD** ## **BALANCE SHEET 31 July 2025** |**2025**
**Unrestricted**
**fund**
**Notes**
**£**
**FIXED ASSETS**
Investments
8
32,000
**CURRENT ASSETS**
Debtors
9
2,488
Cash at bank
53,813
56,301
**CREDITORS**
Amounts falling due within one year
10
(14,324)
**NET CURRENT ASSETS**
41,977
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
73,977
**NET ASSETS**
73,977
**FUNDS**
11
Unrestricted funds
73,977
**TOTAL FUNDS**
73,977|**2024**
**Total**
**funds**
**£**
-
78,705
39,716
118,421
(10,649)
107,772
107,772
107,772
107,772
107,772| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006. The notes form part of these financial statements continued... Page 6 **CAMBRIDGE MIDDLE EAST AND NORTH AFRICA FORUM LTD** ## **BALANCE SHEET - continued 31 July 2025** The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (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. 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 30 April 2026 and were signed on its behalf by: **----- Start of picture text -----**
Patrik Kurath (May 6, 2026 20:01:57 GMT+1)
**----- End of picture text -----**
P Kurath - 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 2025** ## **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, with the exception of investments which are included at market value. ## **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. continued... Page 8 **CAMBRIDGE MIDDLE EAST AND NORTH AFRICA FORUM LTD** **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2025** ## **1. ACCOUNTING POLICIES - continued** ## **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. ## **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
Curr asset inv income|**2025**
**£**
41
6,493
6,534|**2024**
**£**
-
-| |---|---|---| |||-| ## **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|**2025**
**£**
75,040
12,389
924
23,601
314
3,047
8,675
420
1,648
1,106
1,714
128,878|**2024**
**£**
47,073
15,414
798
22,567
314
3,680
6,355
157
3,760
1,640
44| |---|---|---| |||101,802| continued... Page 9 **CAMBRIDGE MIDDLE EAST AND NORTH AFRICA FORUM LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2025** ## **4. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): |Consultancy
IT and computer expenses
**5.**
**TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' salaries
Trustees' social security
Trustees' pensions paid|**2025**
**£**
12,389
924
**2025**
**£**
72,774
652
1,614
75,040|**2024**
**£**
15,414
798| |---|---|---| |||**2024**
**£**
46,004
-
1,069| |||47,073| ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 31 July 2025 nor for the year ended 31 July 2024. ## **6. STAFF COSTS** The average monthly number of employees during the year was as follows: ||**2025**|**2024**| |---|---|---| |Administration|2|2| No employees received emoluments in excess of £60,000. continued... Page 10 **CAMBRIDGE MIDDLE EAST AND NORTH AFRICA FORUM LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2025** |**7.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**| |---|---|---| |||**Unrestricted**| |||**fund**| |||**£**| ||**INCOME AND ENDOWMENTS FROM**|| ||Donations and legacies|50,999| ||**EXPENDITURE ON**|| ||Raising funds|101,802| ||**NET INCOME/(EXPENDITURE)**|(50,803)| ||**RECONCILIATION OF FUNDS**|| ||Total funds brought forward|158,575| ||**TOTAL FUNDS CARRIED**|| ||**FORWARD**|107,772| |**8.**|**FIXED ASSET INVESTMENTS**|| |||**Unlisted**| |||**investments**| |||**£**| ||**MARKET VALUE**|| ||Additions|32,000| ||**NET BOOK VALUE**|| ||At 31 July 2025|32,000| ||At 31 July 2024|-| ||There were no investment assets outside the UK.|| continued... Page 11 **CAMBRIDGE MIDDLE EAST AND NORTH AFRICA FORUM LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2025** ## **9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**2025**
**£**
Other debtors
974
VAT
1,514
2,488
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2025**
**£**
Trade creditors
3,174
Social security and other taxes
4,290
Other creditors
3,160
Accrued expenses
3,700
14,324
**11.**
**MOVEMENT IN FUNDS**|**2024**
**£**
78,705
-| |---|---| ||78,705| ||**2024**
**£**
-
2,827
2,576
5,246| ||10,649| ||| |**At 1/8/24**
**£**
**Unrestricted funds**
General fund
107,772
**TOTAL FUNDS**
107,772
Net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
95,083
**TOTAL FUNDS**
95,083|**Net**
**movement**
**At**
**in funds**
**31/7/25**
**£**
**£**
(33,795)
73,977
(33,795)
73,977
**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(128,878)
(33,795)
(128,878)
(33,795)| |---|---| continued... Page 12 **CAMBRIDGE MIDDLE EAST AND NORTH AFRICA FORUM LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2025** ## **11. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |||**Net**|| |---|---|---|---| |||**movement**|**At**| ||**At 1/8/23**|**in funds**|**31/7/24**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|158,575|(50,803)|107,772| |**TOTAL FUNDS**|158,575|(50,803)|107,772| ||||| |Comparative net movement in funds, included in the above are as||follows:|| ||**Incoming**|**Resources**|**Movement**| ||**resources**|**expended**|**in funds**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|50,999|(101,802)|(50,803)| |**TOTAL FUNDS**|50,999|(101,802)|(50,803)| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|**At 1/8/23**
**£**
158,575
158,575|**Net**
**movement**
**in funds**
**£**
(84,598)
(84,598)|**At**
**31/7/25**
**£**
73,977| |---|---|---|---| ||||73,977| continued... Page 13 **CAMBRIDGE MIDDLE EAST AND NORTH AFRICA FORUM LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2025** ## **11. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
146,082
146,082|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(230,680)
(84,598)
(230,680)
(84,598)| |---|---|---| ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 July 2025. Page 14 **CAMBRIDGE MIDDLE EAST AND NORTH AFRICA FORUM LTD** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 July 2025** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
**Investment income**
Deposit account interest
Curr asset inv income
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Trustees' salaries
Trustees' social security
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
Carried forward|**2025**
**£**
88,549
41
6,493
6,534
95,083
72,774
652
1,614
12,389
924
23,601
314
3,047
8,675
420
1,648
1,106
127,164
1,045
1,045|**2024**
**£**
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
44| This page does not form part of the statutory financial statements Page 15 **CAMBRIDGE MIDDLE EAST AND NORTH AFRICA FORUM LTD** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 July 2025** |**Finance**
Brought forward
Bank Revaluations
Total resources expended
**Net expenditure**|**2025**
**£**
1,045
669
1,714
128,878
(33,795)|**2024**
**£**
44
-
44
101,802
(50,803)| |---|---|---| This page does not form part of the statutory financial statements Page 16 ## CMNEF Ltd - YE Accounts 31/07/2025 - Client ## Approval Final Audit Report 2026-05-06 Created: 2026-05-06 By: Parker Russell (info@parkerrussell.co.uk) Status: Signed Transaction ID: CBJCHBCAABAATGgObNRtIPQetYDVHyegtbLXr-AQ3nhJ ## "CMNEF Ltd - YE Accounts 31/07/2025 - Client Approval" Histor ## y ## Document created by Parker Russell (info@parkerrussell.co.uk) 2026-05-06 - 5:55:29 PM GMT- IP address: 109.73.121.116 Document emailed to Patrik Kurath (p.kurath@cmenaf.org) for signature 2026-05-06 - 5:55:56 PM GMT ## Email viewed by Patrik Kurath (p.kurath@cmenaf.org) 2026-05-06 - 7:01:17 PM GMT- IP address: 66.249.93.76 ## Document e-signed by Patrik Kurath (p.kurath@cmenaf.org) Signature Date: 2026-05-06 - 7:01:57 PM GMT - Time Source: server- IP address: 86.191.254.198 - Signature Appearance Selected: DRAW ## Agreement completed. 2026-05-06 - 7:01:57 PM GMT