**�ŚĂƌŝƚLJ�ZĞŐŝƐƚƌĂƟŽŶ�E Ž͘�ϮϯϭϵϮϬ** **�Žŵ ƉĂŶLJ�ZĞŐŝƐƚƌĂƟŽŶ�E Ž͘�ϰϰϮϯϵϰ�;�ŶŐůĂŶĚ�ĂŶĚ�t ĂůĞƐͿ** **THE LONDON CENTRAL MOSQUE TRUST LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2020** ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Council of Management** Embassy of the State of Kuwait (Chairman) Embassy of The Sultanate of Oman (Vice Chairman) Royal Embassy of Saudi Arabia (Treasurer) Embassy of Bahrain Embassy of Indonesia Embassy of Hashemite Kingdom of Jordan Embassy of Republic of Yemen Embassy of The Kingdom of Morocco Embassy of the Syrian Arab Republic Embassy of the State of Qatar Embassy of the United Arab Emirates High Commission for Brunei High Commission for the Islamic Republic of Pakistan Kingdom of Malaysia Dr A Al-Dubayan Embassy of Turkey Embassy of the Arab Republic of Egypt WĞŽƉůĞΖƐ��Ğŵ ŽĐƌĂƟĐ�ZĞƉƵďůŝĐ�ŽĨ��ůŐĞƌŝĂ Embassy of Sudan Embassy of Tunisia Embassy of Libya Embassy of the Republic of Senegal Embassy of the Islamic Republic of Afghanistan High Commission for the People's Republic of Bangladesh Embassy of Lebanon **Secretary** Dr A Al-Dubayan **Charity number** 231920 **Company number** 442394 **Principal address** 146 Park Road London NW8 7RG **Registered office** 146 Park Road London NW8 7RG **Auditor** HW Fisher LLP Acre House 11-15 William Road London NW1 3ER United Kingdom **Bankers** Ahli United Bank 35 Portland Square London W1H 6LR ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **CONTENTS** ||**Page**| |---|---| |Council of Management's report|1 - 7| |^ƚĂƚĞŵ ĞŶƚŽĨ�ŽƵŶĐŝůŽĨD ĂŶĂŐĞŵ ĞŶƚΖƐƌĞƐƉŽŶƐŝďŝůŝƟĞƐ|ϴ| |Independent auditor's report|9 - 11| |^ƚĂƚĞŵ ĞŶƚŽĨĮŶĂŶĐŝĂůĂĐƟǀŝƟĞƐ|ϭϮͲϭϯ| |Balance sheet|14| |Statement of cash fows|15| |Notes to the fnancial statements|16 - 30| ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) COUNCIL OF MANAGEMENT’S REPORT** _**FOR THE YEAR ENDED 31 DECEMBER**_ **2020** __________________________________________________________________________________ The Council of Management, being the Trustees of London Central Mosque Trust Limited (" **London Central Mosque & Islamic Cultural Centre"** ), present their report and financial statements for the year ended 31 December 2020. This report is also the director’s report required by Company Law. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s memorandum and articles, the Companies Act 2006 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 2019)”. ## **Public Benefit** Trustees of a charity have a duty to report in their Annual Report on their charity’s public benefit. The Trustees of The London Central Mosque have considered the requirements which are explained on the Charity Commission website. The following sections of this report set out The London Central Mosque’s aims and priorities, and report on the activity and successes in the year, as well as explaining the plans for the current financial year. The London Central Mosque’s work benefits many organisations and individuals across London and the UK and abroad. The Trustees have considered this matter and concluded: 1. That the aims of the organisation continue to be charitable. 2. That the aims and the work done give identifiable benefits to the charitable sector and both indirectly and directly to individuals in need. 3. That the benefits for the public, are not unreasonably restricted in any way. 4. That there is no detriment or harm arising from the aims or activities ## **Objectives and activities** - To provide a place of worship for the multi-ethnic community of Sunni Muslims in London and Britain. - To propagate and expand the teachings and the message of Islam as a compassionate religion encompassing all Sunni schools of thought and in total compliance with the law of the land. - To establish liaison and work with government, voluntary sector, local authority, statutory bodies and other agencies and individuals for the mutual benefit of all. - To seek and build better understanding of Islam and other communities through interfaith and multicultural activities. Liaising for cooperation, dialogue and relations between Muslims and other faiths. - To support interfaith relations, building bridges of good relation in the society, the empowerment of women and youth engagement. - To provide cultural and educational facilities. - To contribute in social services. - To support cultural values and cultural knowledge in the society. ## **Review of activities** The London Central Mosque Trust Ltd & the Islamic Cultural Centre is a place of worship and a cultural centre for Muslims, which is a focus for Islamic faith, learning and culture. It is a place where the teachings and the message of Islam create a spirit of tolerance and harmony for the Muslim community in London and throughout the United Kingdom and for society as a whole. It is frequented by thousands of worshippers weekly. This status has enabled it to provide a large number of activities to educate and encourage Muslims to assume positive roles in their communities and the society in which they live. _______________________________________________________________________________ - 1 - **THE LONDON CENTRAL MOSQUE TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) COUNCIL OF MANAGEMENT’S REPORT** _**FOR THE YEAR ENDED 31 DECEMBER**_ **2020** __________________________________________________________________________________ It has been decided to leave the Islamic Exhibition open indefinitely to serve the group visits as well as individual visits to the Centre. The Centre has widened its international relationship with organisations in France like: - International Centre for Training and Education. - Granada Edition for Publication; - Centre Culturel Et Education. The Centre is continuing its cooperation with **Isesco** in Morocco, **Alecso** in Tunesia, **Istitute of Arabic Manuscripts, AlAzhar** in Egypt, **Muslim World League** in Makkah and **International League** for Arabic Language for non-Arabic speakers in Morocco. Our involvement with governmental and non-governmental bodies and other organisations is done mainly with the idea of providing a better service to the British society. To promote **integration** , improve the **engagement** with the Muslim Communities, and supporting charitable works in the U.K and abroad, we received Lords, members of Parliament, the CEO of the Charity Commission and senior members of the Police and Home Office. The Education unit is carrying on business, with the help of The ISESCO in Morocco and the Ministry of Islamic Affairs in Saudi Arabia and others. Classes were again oversubscribed. Courses being delivered are Arabic for Non-speakers and different Islamic studies in different languages such as Persian, Kurdish, Hausa to meet the need of the communities. We have as stated last year, started in 2014 to lend more of a helping hand to young people by supporting them with their schoolwork with the **Hikmah Project** . We aim to make the London Central Mosque & the Islamic Cultural Centre a place where Muslims can grow in their faith peacefully as citizens of **a multi-cultural society in the U.K** . An essential part of our work is therefore, with the wider society. A great number of visitors and hundreds of schools, as part of their multicultural studies, visit the Mosque annually, as do University students of theology, social studies etc. We organise guided tours with an introduction to the principles of Islam upon request. **Interfaith dialogue** is an important component of our activities to raise the level of understanding and good relations among faith followers in one society, and we also publish (since 1954) a prestigious academic journal, " **The Islamic Quarterly** ". Knowledge is at the heart of our religion and the library was always intended to be a centre for the study of Islam and is open five days a week. The London Central Mosque & Islamic Cultural Centre is constantly looking to find ways to reform its services, with its limited resources, to cater for the ever increasing and changing demands of the British Society. ## **There is more to do** We would like to offer the community the sort of experience we and they would want. We are working in partnership with the voluntary and private sectors, local authorities and governmental bodies and other organizations. We have established relationship with other bodies locally, nationally and internationally with the aim of furthering our objectives. The London Central Mosque & Islamic Cultural Centre as a charity is constantly trying, based on our ability, to contribute more in **social services** and activities **promoting women** , helping **poor individuals, refugees, orphans** and families especially in the economic circumstances now in the U.K. _______________________________________________________________________________ - 2 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) COUNCIL OF MANAGEMENT’S REPORT** _**FOR THE YEAR ENDED 31 DECEMBER**_ **2020** __________________________________________________________________________________ The refurbishment program depending on the generous donation from **Qatar** kicked off in 2014 with the men’s public toilets in the Mosque building and followed with the kitchens in the administration building and 3 flats on the premises in 2015, followed with Flat 1 in 2016. We have also linked the Library to the Admin building in 2016 and carried on some work on the library in 2017. The work in the Library finished in early 2020. ## **Fundraising activities** The charity is not registered with either the Fundraising Regulator or the Fundraising Institute. The charity has raised **£624,201** through voluntary donations which were collected through 3 main sources: 1. **Online Donations** through the website 2. **Collection boxes** on the premises to collect cash donations 3. **Direct Donations** received through the bank Fundraising from individuals is carefully controlled following internal guidelines and all public donations involve individuals directly approaching the Charity. No professional fundraisers were used during the year. Instead, the Head of Finance is responsible for overseeing compliance with regulations and best practice. There are no complaints recorded and no cold calling has taken place. ## **Financial review** The charity had net outgoing resources in 2020 of £414,415 (2019: £151,921). There were losses on investments of £168,169 (2019: gains of £45,495). ## **Structure, governance and management** The charity is a company limited by guarantee and not having share capital. The London Central Mosque & Islamic Cultural Centre is trustee of the trusts relating to the property at **146 Park Road, London NW8** , known also as **Regent's Lodge** , where the London Central Mosque and Islamic Cultural Centre are situated, and also acts as trustee to two charities jointly registered with the Charity Commissioners (Registration No. **231920** ), The London Central Mosque (Algame) Fund and the London Nizamiah Mosque Trust. The London Central Mosque & Islamic Cultural Centre was established in 1944 with two of its objectives being the building of a mosque and the founding of a cultural and religious centre in London for the Muslim community of Great Britain. In 1945, following an offer made on behalf of **the Crown** by **the Commissioners of Crown Lands** , the London Central Mosque & Islamic Cultural Centre became trustee of Regent's Lodge, and since that date has organised religious and cultural activities on the site, while seeking to obtain funding necessary for the construction of a mosque. After a donation from **HM King Faisal of Saudi Arabia** construction commenced in 1973, and in 1978 the main building complex was completed. Another building for administration was added in the site during the 90's of the 20th Century through the donation of **HM King Fahad of Saudi Arabia** . After 2001 the boundary wall was built with the donation of **H.M. Sultan Qabus of Oman** , and the front gate with a donation from **H.R.H Sh. Hamad Amir of Qatar.** Under the terms of the Memorandum of Association of the London Central Mosque & Islamic Cultural Centre, it may also act as trustee of any other trust relating to matters concerned with the Muslim faith. In the event of the company winding up, every member of the Council of Management undertakes to contribute to the assets of the London Central Mosque & Islamic Cultural Centre an amount not exceeding £1 each. _______________________________________________________________________________ - 3 - **THE LONDON CENTRAL MOSQUE TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) COUNCIL OF MANAGEMENT’S REPORT** _**FOR THE YEAR ENDED 31 DECEMBER**_ **2020** __________________________________________________________________________________ The Trustees, who are also directors of the company for the purposes of Company Law, who served during the year, and up to the date of approval of these financial statements, are: |**No.**|**Country**|**Representatives’ Name**| |---|---|---| |1|Bahrain|H.E. Shaikh Fawaz Bin Mohammed Al Khalifa| |2|Brunei|H.E First Admiral (r) Pengiran Dato Norazmi Pengiran| |3|Indonesia|H.E. Dr Rizal Sukma| |4|Jordan|H.E Omar Al-Nahar| |5|Kuwait|H.E Khaled Al Duwaisan| |6|Malaysia|H.E. Mr Datuk Mohamad Sadik Kethergany| |7|Morocco|Mr Abdessalam Aboudrar| |8|Syria|Position is vacant| |9|Oman|H.E Abdulaziz Abdullah Zahir Al Hinai| |10|Pakistan|H.E. Mr Mohammad Nafees Zakaria| |11|Qatar|H.E Yousef Ali Al-Khater| |12|Saudi Arabia|HRH Prince Khalid bin Bandar bin Sultan Al Saud| |13|UAE|H.E. Mansoor Abdullah Khalfan Juma Abulhoul| |14|Yemen|Dr Yassin Saeed Noman Ahmed| |15|Turkey|H.E. Mr Umit Yalcin| |16|Egypt|H.E. Mr Tarek Ahmed Ibrahim Adel| |17|Algeria|H.E. Abderrahmane Benguerrah| |18|Sudan|H.E. Mr Mohamed Abdalla Idris Mohamed| |19|Tunisia|H.E. Mr Nabil Ben Khedher| |20|Libya|Vacant Ambassador_(H.E Mr Mohamed ElKoni_
_Charge d’Affaires)_| |21|Senegal|H.E. Dr Fatimata Dia| |22|Afghanistan|H.E Mr Said Tayeb Jawad| |23|Bangladesh|H.E. Ms Saida Muna Tasneem| |24|Lebanon|H.E. Mr Rami Mortada| |25|Dr. Ahmad Al Dubayan|(Director General)| _______________________________________________________________________________ - 4 - **THE LONDON CENTRAL MOSQUE TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) COUNCIL OF MANAGEMENT’S REPORT** _**FOR THE YEAR ENDED 31 DECEMBER**_ **2020** __________________________________________________________________________________ The Trustees, being ambassadors of some different Muslim countries, and the director general are only appointed and recruited by the Trustees themselves at a meeting with approval of the chairman. Reports and leaflets are sent to Trustees for training every time. The senior management team is made up of: 1. **H.E. Mr Khaled Al Duwaisan,** The Kuwaiti ambassador; as chairman 2. **H.E. Mr, Abdulaziz Abdullah Zahir Al Hinai** The Omani ambassador, as Deputy Chairman. 3. **HRH Prince Khalid bin Bandar bin Sultan Al Saud** , The Saudi ambassador; as Treasurer 4. **Dr Ahmad Al Dubayan** , the Director General, as Executive Director. The Director General, being a Trustee, was appointed to manage the day to day running and management of the Centre on behalf of the Board of Trustees. He is responsible for overall strategic planning, policies, project development and management of all staff, externally seconded staff, volunteers, and service providers. The members of the Board give their time freely and derive no benefit, apart from those disclosed under Note 10 in the accounts. Based on the missions of the Centre, the Centre and its management face some risks and challenges such as: - Shortage of finance and resources. The Director General is working with the Chairman, the Deputy Chairman and the Treasurer to secure more finance with the help of the trustees. - Preventing any form of misunderstanding or misinterpretation of faith, which could lead to radicalisation. Our director general and imams and teachers are giving talks after prayers, speeches, courses and trainings. We do not allow members of the public to give talks. It is our mission to establish and develop education at all levels to encourage greater understanding of Islam and its role in society. - Ensuring security of the British society around the Centre by installing CCTV Cameras all around and inside the building. We do not allow fund raising on the premises from any outsiders; Our work with the Police to stop the public from collecting money on the pavements on Friday when about **5,000 people** use the facilities of the Centre have been hugely successful. The mission to help secure safety and security of the worshippers and visitors, still more needs to be done and to avoid any possibility of attacks on the worshippers and the building: The Centre uses the service of a private security firm, which was extended many years ago to twentyfour hours per day. The number of security men and hours have been increased, despite limited resources. We coordinate with **the Police and the local authorities** for huge congregations on **Eid days** and weekly **Friday prayers** which are attended by some five thousand (5,000) worshippers. There is a huge Police presence on that day. ## **Risk management** The Board of Trustees is responsible for the overseeing of the risks faced by the charity. Detailed considerations of risk are delegated to the Director General. Risks are identified, assessed and controls established throughout the year. A formal review of the charity’s risk management processes is undertaken on an annual basis. Risk is managed under the headings of financial sustainability, projects, and events. The Trustees have considered the effect of the **Covid-19** outbreak on the charity’s activities. This outbreak is unlikely to cause a significant disruption to the charity’s income and continuing activities. Measures taken by various governments to contain the virus have affected economic activity. We have taken several measures to monitor and mitigate the effects of COVID-19, such as safety and health measures for our staff and visitors (such as social distancing, face mask requirements, vigorous cleaning routines and working from home). _______________________________________________________________________________ - 5 - **THE LONDON CENTRAL MOSQUE TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) COUNCIL OF MANAGEMENT’S REPORT** _**FOR THE YEAR ENDED 31 DECEMBER**_ **2020** __________________________________________________________________________________ At this stage, the impact on the Charity has not been significant and based on our experience to date we expect this to remain the case. We will continue to follow the various government policies and advice and, in parallel, we will do our utmost to continue our operations in the best and safest way possible. Through the risk management processes established for the charity, the Board are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed. ## **Difficulties Experienced in 2020 due to the Pandemic** The Centre was closed as per the government guidelines from March 2020 to July 2020. Due to the closure all charitable activities were placed on hold unless they could be conducted online, or from home by our staff. The following services were negatively impacted: - Zakat, due to the closure the number of Zakat applicants the Centre received reduced by around 80%. This has led to a decrease in our charitable expenditure for these months. When the Centre was fully operational, the monthly expenditure on Zakat was around £3,500, however due to closure this has reduced to less than £1,000. - Many of the free classes and courses were cancelled. - All future events were either put on hold, or cancelled, including new courses, interfaith events, VIP visits and new social programmes. The closure of the Mosque also led to a significant decrease to charitable donations received via the collection boxes, between March 2020 to July 2020. In this period no donations were received from the public via the collection boxes. Based on the income received from collection boxes in 2019, the Trustees realise that around £87,000 has been lost in income for the period concerning the closure. Had it not been for the furlough scheme which the Centre heavily relied on we would not have been able to cope with staff costs, we were able to save over £80,000 in wages and salaries costs. The Centre only received rental income from one of the businesses on its premises (mortuary £4,500 monthly) the bookshop, gift shop and restaurant were closed and only opened in June this year. The Trustees have considered the detrimental impact that this has had on the income, over £191,000 has been lost. We are still in negotiation with the lessees and are planning to recover at least some of the money lost. ## **Investment policy** The Charity's investment policy is to maintain the value of investments, and the trustees regard long term capital growth, rather than the production of a good income, as its prime objective. ## **Reserve policy** It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to four months' expenditure of approximately **£364,000** . Furthermore, such reserves take into consideration the future **refurbishment work** that will be carried on during the next year. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year and at the year end free reserves were **£2,100,246.** _______________________________________________________________________________ - 6 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) COUNCIL OF MANAGEMENT’S REPORT** _**FOR THE YEAR ENDED 31 DECEMBER**_ **2020** __________________________________________________________________________________ ## **Disclosure of information to auditor** Each of the directors has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. ## **Auditor** In accordance with section 485 of the Companies Act 2006, a resolution proposing that HW Fisher LLP be reappointed as auditor of the company will be put to the Annual General Meeting. On behalf of the Council of Management. ## **Dr. Ahmad Al Dubayan** Trustee Director General > Dated: 26 October 2021 _______________________________________________________________________________ - 7 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **STATEMENT OF COUNCIL OF MANAGEMENT'S RESPONSIBILITIES** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ed <ŝŶŐĚŽŵ �' ĞŶĞƌĂůůLJ��ĐĐĞƉƚĞĚ��ĐĐŽƵŶƟŶŐ�WƌĂĐƟĐĞ͘ d fair ǀŝĞǁ �ŽĨ�ƚŚĞ�ƐƚĂƚĞ�ŽĨ�ĂīĂŝƌƐ�ŽĨ�ƚŚĞ�ĐŚĂƌŝƚLJ�ĂŶĚ�ŽĨ�ŝƚƐ�ŝŶĐŽŵ ŝŶŐ�ƌĞƐŽƵƌĐĞƐ�ĂŶĚ�ĂƉƉůŝĐĂƟŽŶ�ŽĨ�ƌĞƐŽƵƌĐĞƐ͕�ŝŶĐůƵĚŝŶŐ�ŝƚƐ�ŶĞƚ�ŝŶĐome and expenditure for the year. ͲƐĞůĞĐƚ�ƐƵŝƚĂďůĞ�ĂĐĐŽƵŶƟŶŐ�ƉŽůŝĐŝĞƐ�ĂŶĚ�ƚŚĞŶ�ĂƉƉůLJ�ƚŚĞŵ �ĐŽŶƐŝƐƚĞŶƚůLJ͖ ͲŽďƐĞƌǀĞ�ƚŚĞ�ŵ ĞƚŚŽĚƐ�ĂŶĚ�ƉƌŝŶĐŝƉůĞƐ�ŝŶ�ƚŚĞ��ŚĂƌŝƟĞƐ�^KZW͖ Ͳŵ ĂŬĞ�ũƵĚŐĞŵ ĞŶƚƐ�ĂŶĚ�ĞƐƟŵ ĂƚĞƐ�ƚŚĂƚ�ĂƌĞ�ƌĞĂƐŽŶĂďůĞ�ĂŶĚ�ƉƌƵĚĞŶƚ͖�ĂŶĚ ŽƉĞƌĂƟŽŶ͘ dŚĞ��ŽƵŶĐŝů�ŽĨ�D ĂŶĂŐĞŵ ĞŶƚ�ĂƌĞ�ƌĞƐƉŽŶƐŝďůĞ�ĨŽƌ�ŬĞĞƉŝŶŐ�ĂĚĞƋƵĂƚĞ ĂĐĐŽƵŶƟŶŐ�ƌĞĐŽƌĚƐ�ƚŚĂƚ�ĚŝƐĐůŽƐĞ�ǁ ŝƚŚ�ƌĞĂƐŽŶĂďůĞ�ĂĐĐuracy at any Ɵŵ Ğ�ƚŚĞ�ĮŶĂŶĐŝĂů�ƉŽƐŝƟŽŶ�ŽĨ�ƚŚĞ�ĐŚĂƌŝƚLJ�ĂŶĚ�ǁ ŚŝĐŚ�ĞŶĂďůĞ�ƚŚĞŵ �ƚŽ�ĞŶƐƵƌĞ�ƚŚĂƚ�ƚŚĞ�ĮŶĂŶĐŝĂů�ƐƚĂƚĞŵ ĞŶƚƐ�ĐŽŵ ƉůLJ�ǁ ŝƚŚ�ƚŚĞ��Žŵ Ɖanies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the ƉƌĞǀĞŶƟŽŶ�ĂŶĚ�ĚĞƚĞĐƟŽŶ�ŽĨ�ĨƌĂƵĚ�ĂŶĚ�ŽƚŚĞƌ�ŝƌƌĞŐƵůĂƌŝƟĞƐ͘ - 8 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **INDEPENDENT AUDITOR'S REPORT** ## **TO THE COUNCIL OF MANAGEMENT OF THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **Opinion** ) for the year ended 31 �ĞĐĞŵ ďĞƌ�ϮϬϮϬ�ǁ ŚŝĐŚ�ĐŽŵ ƉƌŝƐĞ�ƚŚĞ�ƐƚĂƚĞŵ ĞŶƚ�ŽĨ�ĮŶĂŶĐŝĂů�ĂĐƟǀŝƟĞƐ͕�ƚŚĞ�ďĂůĂŶĐĞ�ƐŚĞĞƚ͕�ƚŚĞ�ƐƚĂƚĞŵ ĞŶƚŽĨ�ĐĂƐŚ�ŇŽǁ Ɛ�ĂŶĚ�ƚŚĞ�ŶŽtes to ƚŚĞ�ĮŶĂŶĐŝĂů�ƐƚĂƚĞŵ ĞŶƚƐ͕�ŝŶĐůƵĚŝŶŐ�ƐŝŐŶŝĮĐĂŶƚ�ĂĐĐŽƵŶƟŶŐ�ƉŽůŝĐŝĞƐ͘�dŚĞ�ĮŶĂŶĐŝĂů�ƌĞƉŽƌƟŶŐ�ĨƌĂŵ Ğǁ ŽƌŬ�ƚŚĂƚ�ŚĂƐ�ďĞĞŶ�ĂƉƉůŝĞĚ�in their ƉƌĞƉĂƌĂƟŽŶ�ŝƐ�ĂƉƉůŝĐĂďůĞ�ůĂǁ �ĂŶĚ�hŶŝƚĞĚ�<ŝŶŐĚŽŵ ��ĐĐŽƵŶƟŶŐ�^ƚĂŶĚĂƌĚƐ͕�ŝŶĐůƵĚŝŶŐ�& Z^�ϭϬϮ� _dŚĞ�&ŝŶĂŶĐŝĂů�ZĞƉŽƌƟŶŐ�^tandard applicable in the UK and Republic of Ireland_ ;hŶŝƚĞĚ�<ŝŶŐĚŽŵ �' ĞŶĞƌĂůůLJ��ĐĐĞƉƚĞĚ��ĐĐŽƵŶƟŶŐ�WƌĂĐƟĐĞͿ͘ ## - rces - ĂŶĚ�ĂƉƉůŝĐĂƟŽŶ�ŽĨ�ƌĞƐŽƵƌĐĞƐ͕�ĨŽƌ�ƚŚĞ�LJĞĂƌ�ƚŚĞŶ�ĞŶĚĞĚ͖ - Ͳ ŚĂǀĞ�ďĞĞŶ�ƉƌŽƉĞƌůLJ�ƉƌĞƉĂƌĞĚ�ŝŶ�ĂĐĐŽƌĚĂŶĐĞ�ǁ ŝƚŚ�hŶŝƚĞĚ�<ŝŶŐĚŽŵ �' ĞŶĞƌĂůůLJ��ĐĐĞƉƚĞĚ��ĐĐŽƵŶƟŶŐ�WƌĂĐƟĐĞ͖�ĂŶĚ - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** t Ğ�ĐŽŶĚƵĐƚĞĚ�ŽƵƌ�ĂƵĚŝƚ�ŝŶ�ĂĐĐŽƌĚĂŶĐĞ�ǁ ŝƚŚ�/ ŶƚĞƌŶĂƟŽŶĂů�^ƚĂŶĚĂƌĚƐ�ŽŶ��ƵĚŝƟŶŐ�;h<Ϳ�;/ ^�Ɛ�;h<ͿͿ�ĂŶĚ applicable law. Our ƌĞƐƉŽŶƐŝďŝůŝƟĞƐ�ƵŶĚĞƌ�ƚŚŽƐĞ�ƐƚĂŶĚĂƌĚƐ�ĂƌĞ�ĨƵƌƚŚĞƌ�ĚĞƐĐƌŝďĞĚ�ŝŶ�ƚŚĞ��ƵĚŝƚŽƌΖƐ�ƌĞƐƉŽŶƐŝďŝůŝƟĞƐ�ĨŽƌ�ƚŚĞ�ĂƵĚŝƚ�ŽĨ�ƚŚĞ�ĮŶĂŶĐŝĂůƐƚĂƚĞŵ ĞŶƚƐ ƐĞĐƟŽŶ�ŽĨ�ŽƵƌ�ƌĞƉŽƌƚ͘�t Ğ�ĂƌĞ�ŝŶĚĞƉĞŶĚĞŶƚ�ŽĨ�ƚŚĞ�ĐŚĂƌŝƚLJ�ŝŶ�ĂĐĐŽƌĚĂŶĐĞ�ǁ ŝƚŚ�ƚŚĞ�ĞƚŚŝĐĂů�ƌĞƋƵŝƌĞŵ ĞŶƚƐ�ƚŚĂƚ�ĂƌĞ�ƌĞůĞǀĂŶƚ�ƚŽ our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilŝƟĞƐ�ŝŶ� accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **�ŽŶĐůƵƐŝŽŶƐ�ƌĞůĂƟŶŐ�ƚŽ�ŐŽŝŶŐ�ĐŽŶĐĞƌŶ** / Ŷ�ĂƵĚŝƟŶŐ�ƚŚĞ�ĮŶĂŶĐŝĂů�ƐƚĂƚĞŵ ĞŶƚƐ͕�ǁ Ğ�ŚĂǀĞ�ĐŽŶĐůƵĚĞĚ�ƚŚĂƚ�ƚŚĞ��ŽƵŶĐŝů�ŽĨ�D ĂŶĂŐĞŵ ĞŶƚΖƐ�ƵƐĞ�ŽĨ�ƚŚe going concern basis of ĂĐĐŽƵŶƟŶŐ�ŝŶ�ƚŚĞ�ƉƌĞƉĂƌĂƟŽŶ�ŽĨ�ƚŚĞ�ĮŶĂŶĐŝĂů�ƐƚĂƚĞŵ ĞŶƚƐ�ŝƐ�ĂƉƉƌŽƉƌŝĂƚĞ͘ �ĂƐĞĚ�ŽŶ�ƚŚĞ�ǁ ŽƌŬ�ǁ Ğ�ŚĂǀĞ�ƉĞƌĨŽƌŵ ĞĚ͕�ǁ Ğ�ŚĂǀĞ�ŶŽƚ�ŝĚĞŶƟĮĞĚ�ĂŶLJ�ŵ ĂƚĞƌŝĂů�ƵŶĐĞƌƚĂŝŶƟĞƐ�ƌĞůĂƟŶŐ�ƚŽ ĞǀĞŶƚƐ�Žƌ�ĐŽŶĚŝƟŽŶƐ�ƚŚĂt, ŝŶĚŝǀŝĚƵĂůůLJ�Žƌ�ĐŽůůĞĐƟǀĞůLJ͕�ŵ ĂLJ�ĐĂƐƚ�ƐŝŐŶŝĮĐĂŶƚ�ĚŽƵďƚ�ŽŶ�ƚŚĞ�ĐŚĂƌŝƚLJ͛Ɛ�ĂďŝůŝƚLJ�ƚŽ�ĐŽŶƟŶƵĞ�ĂƐ�Ă�ŐŽŝŶŐ�ĐŽŶĐĞƌŶ�ĨŽƌ�Ă�ƉĞƌŝŽĚ of at least KƵƌ�ƌĞƐƉŽŶƐŝďŝůŝƟĞƐ�ĂŶĚ�ƚŚĞ�ƌĞƐƉŽŶƐŝďŝůŝƟĞƐ�ŽĨ�ƚŚĞ��ŽƵŶĐŝů�ŽĨ�D ĂŶĂŐĞŵ ĞŶƚ�ǁ ŝƚŚ�ƌĞƐƉĞĐƚ�ƚŽ�ŐŽŝŶŐ�ĐŽŶĐĞƌŶ�ĂƌĞ�ĚĞƐĐƌŝďĞĚ�ŝŶ�ƚhe ƌĞůĞǀĂŶƚ�ƐĞĐƟŽŶƐ�ŽĨ�ƚŚŝƐ�ƌĞƉŽƌƚ͘ ## **K ƚŚĞƌ�ŝŶĨŽƌŵ ĂƟŽŶ** dŚĞ�ŽƚŚĞƌ�ŝŶĨŽƌŵ ĂƟŽŶ�ĐŽŵ ƉƌŝƐĞƐ�ƚŚĞ�ŝŶĨŽƌŵ ĂƟŽŶ�ŝŶĐůƵĚĞĚ�ŝŶ�ƚŚĞ�ĂŶŶƵĂů�ƌĞƉŽƌƚ�ŽƚŚĞƌ�ƚŚĂŶ�ƚŚĞ�ĮŶĂŶĐŝĂů�ƐƚĂƚĞŵ ĞŶƚƐ�ĂŶĚ�ŽƵƌ�Ăuditor's ƌĞƉŽƌƚ�ƚŚĞƌĞŽŶ͘�dŚĞ��ŽƵŶĐŝů�ŽĨ�D ĂŶĂŐĞŵ ĞŶƚ�ĂƌĞ�ƌĞƐƉŽŶƐŝďůĞ�ĨŽƌ�ƚŚĞ�ŽƚŚĞƌ�ŝŶĨŽƌŵ ĂƟŽŶ�ĐŽŶƚĂŝŶĞĚ�ǁ ŝƚŚŝŶ the annual report. Our ŽƉŝŶŝŽŶ�ŽŶ�ƚŚĞ�ĮŶĂŶĐŝĂů�ƐƚĂƚĞŵ ĞŶƚƐ�ĚŽĞƐ�ŶŽƚ�ĐŽǀĞƌ�ƚŚĞ�ŽƚŚĞƌ�ŝŶĨŽƌŵ ĂƟŽŶ�ĂŶĚ͕�ĞdžĐĞƉƚ�ƚŽ�ƚŚĞ�ĞdžƚĞŶƚ�ŽƚŚĞƌǁ ŝƐĞ�ĞdžƉůŝĐŝƚůLJ�ƐƚĂƚĞd in our ƌĞƉŽƌƚ͕�ǁ Ğ�ĚŽ�ŶŽƚ�ĞdžƉƌĞƐƐ�ĂŶLJ�ĨŽƌŵ �ŽĨ�ĂƐƐƵƌĂŶĐĞ�ĐŽŶĐůƵƐŝŽŶ�ƚŚĞƌĞŽŶ͘�KƵƌ�ƌĞƐƉŽŶƐŝďŝůŝƚLJ�ŝƐ�ƚŽ�ƌĞĂĚ�ƚŚĞ�ŽƚŚĞƌ�ŝŶĨŽƌŵ ĂƟŽŶ�ĂŶĚ͕�in doing ƐŽ͕�ĐŽŶƐŝĚĞƌ�ǁ ŚĞƚŚĞƌ�ƚŚĞ�ŽƚŚĞƌ�ŝŶĨŽƌŵ ĂƟŽŶ�ŝƐ�ŵ ĂƚĞƌŝĂůůLJ�ŝŶĐŽŶƐŝƐƚĞŶƚ�ǁ ŝƚŚ�ƚŚĞ�ĮŶĂŶĐŝĂů�ƐƚĂƚĞŵ ĞŶƚƐ�Žƌ�ŽƵƌ�ŬŶŽǁ ůĞĚŐĞ�ŽďƚĂŝŶĞĚ in the ĐŽƵƌƐĞ�ŽĨ�ƚŚĞ�ĂƵĚŝƚ͕�Žƌ�ŽƚŚĞƌǁ ŝƐĞ�ĂƉƉĞĂƌƐ�ƚŽ�ďĞ�ŵ ĂƚĞƌŝĂůůLJ�ŵ ŝƐƐƚĂƚĞĚ͘�/ Ĩ�ǁ Ğ�ŝĚĞŶƟĨLJ�ƐƵĐŚ�ŵ ĂƚĞƌŝĂů�ŝŶĐŽŶƐŝƐƚĞŶĐŝĞƐ�Žƌ�ĂƉƉĂƌĞŶt material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements ƚŚĞŵ ƐĞůǀĞƐ͘�/ Ĩ͕�ďĂƐĞĚ�ŽŶ�ƚŚĞ�ǁ ŽƌŬ�ǁ Ğ�ŚĂǀĞ�ƉĞƌĨŽƌŵ ĞĚ͕�ǁ Ğ�ĐŽŶĐůƵĚĞ�ƚŚĂƚ�ƚŚĞƌĞ�ŝƐ�Ă�ŵ ĂƚĞƌŝĂů�ŵ ŝƐƐƚĂƚĞŵ ĞŶƚ�ŽĨ�ƚŚŝƐ�ŽƚŚĞƌ�ŝŶĨŽƌŵ ĂƟon, we are required to report that fact. We have nothing to report in this regard. ## **K ƉŝŶŝŽŶƐ�ŽŶ�ŽƚŚĞƌ�ŵ ĂƩĞƌƐ�ƉƌĞƐĐƌŝďĞĚ�ďLJ�ƚŚĞ��Žŵ ƉĂŶŝĞƐ��Đƚ�ϮϬϬϲ** In our opinion, based on the work undertaken in the course of our audit: - ƚŚĞ�ŝŶĨŽƌŵ ĂƟŽŶ�ŐŝǀĞŶ�ŝŶ�ƚŚĞ��ŽƵŶĐŝů�ŽĨ�D ĂŶĂŐĞŵ ĞŶƚΖƐ�ƌĞƉŽƌƚ͕�ǁ ŚŝĐŚ�ŝŶĐůƵĚĞƐ�ƚŚĞ�ĚŝƌĞĐƚŽƌƐΖƌĞƉŽƌƚ�ƉƌĞƉĂƌĞĚ�ĨŽƌ�ƚŚĞ�ƉƵrposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the directors' report included within the Council of Management's report has been prepared in accordance with applicable legal requirements. ## **D ĂƩĞƌƐ�ŽŶ�ǁ ŚŝĐŚ�ǁ Ğ�ĂƌĞ�ƌĞƋƵŝƌĞĚ�ƚŽ�ƌĞƉŽƌƚ�ďLJ�ĞdžĐĞƉƟŽŶ** In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not ŝĚĞŶƟĮĞĚ�ŵ ĂƚĞƌŝĂů�ŵ ŝƐƐƚĂƚĞŵ ĞŶƚƐ�ŝŶ�ƚŚĞ�ĚŝƌĞĐƚŽƌƐΖ�ƌĞƉŽƌƚ�ŝŶĐůƵĚĞĚ�ǁ ŝƚŚŝŶ�ƚŚĞ��ŽƵŶĐŝů�ŽĨ�D ĂŶĂŐĞŵ ĞŶƚΖƐ�ƌĞƉŽƌƚ͘ - 9 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)** ## **TO THE COUNCIL OF MANAGEMENT OF THE LONDON CENTRAL MOSQUE TRUST LIMITED** **----- Start of picture text -----**
|||||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |t|e|have|nothing|to|report|in|respect|of|the|following|matters|in|relation|to|which|the|Companies|Act|2006|requires|us|to|r|ort to| |you if, in our opinion:| |-|adequate|accounting|records|have|not|been|kept,|or|returns|adequate|for|our|audit|have|not|been|re|ceived from branches not| |visited by us; or| |-| |the|financial|statements|are|not|in|agreement|with|the|accounting|records|and|returns;|or| |Ͳ| |certain|disclosures|of|trustees'|remuneration|specified|by|law|are|not|made;|or| |-| |we|have|not|received|all|the|information|and|explanations|we|require|for|our|audit;|or| |-| |the|Council|of|_anagement|were|not|entitled|to|prepare|the|financial|statements|in|accordance|with|the|small|co|mpanies| |regime|and|take|advantage|of the|small|companies'|exemptions|in|preparing|the|Council|of|ĂŶĂŐĞŵ|ent's|r|port and from the| |requirement to prepare a strategic report.| |Responsibilities|of Council|of|Management| |As|explained|more|fully|in|the|Statement|of|Council|Of|anagement's|Responsibilities,|the|Councilof|anagement,|who|are|a|o the| |directors|of|the|charity|for|the|purpose|of|company|law,|are|responsible|for|the|preparation|of the|financial|statements|and|or being| |satisfied|that|they|give|a|true|and|fair|view,|and|for|such|internal|control|as|the|directors|determine|is|necessary|to|enabl|the| |preparation|of|financial|statements|that|are|free|from|material|misstatement,|whether|due|to|fraud|or|error.|In|preparing|the| |financial|statements,|the|Council|of|_anagement|are|responsible|for|assessing|the|charity’s|ability|to|continue|as|a|going|co|ncern,| |of| **----- End of picture text -----**
D ## **ĞŶƚƐ** 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. wi h our o which our As part of our planning process: We obtained an understanding of the legal and regulatory frameworks applicable to the charity. t e considered the incentives and opportunities that exist in the charity, including the extent of anagement bias, which Using our knowledge of the charity, together with the discussions held with the charity at the planning stage, we formed a conclusion on the risk of misstatement due to irregularities including fraud and tailored our procedures according to this r k assessment. Reviewing the minutes of the Council of Management. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have tected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with ose - 10 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)** ## **TO THE COUNCIL OF MANAGEMENT OF THE LONDON CENTRAL MOSQUE TRUST LIMITED** ��ĨƵƌƚŚĞƌ�ĚĞƐĐƌŝƉƟŽŶ�ŽĨ�ŽƵƌ�ƌĞƐƉŽŶƐŝďŝůŝƟĞƐ�ŝƐ�ĂǀĂŝůĂďůĞ�ŽŶ ƚŚĞ�&ŝŶĂŶĐŝĂů�ZĞƉŽƌƟŶŐ��ŽƵŶĐŝů͛Ɛ�ǁ ĞďƐŝƚĞ�Ăƚ͗�ŚƩƉƐ://www.frc.org.uk/ ĂƵĚŝƚŽƌƐƌĞƐƉŽŶƐŝďŝůŝƟĞƐ͘�dŚŝƐ�ĚĞƐĐƌŝƉƟŽŶ�ĨŽƌŵ Ɛ�ƉĂƌƚ�ŽĨ�ŽƵƌ�ĂƵĚŝƚŽƌΖƐ�ƌĞƉŽƌƚ͘ ## **Use of our report** This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's membĞƌƐ�ƚŚŽƐĞ�ŵ ĂƩĞƌƐ�ǁ Ğ�ĂƌĞ ƌĞƋƵŝƌĞĚ�ƚŽ�ƐƚĂƚĞ�ƚŽ�ƚŚĞŵ �ŝŶ�ĂŶ�ĂƵĚŝƚŽƌƐΖ�ƌĞƉŽƌƚ�ĂŶĚ�ĨŽƌ�ŶŽ�ŽƚŚĞƌ�ƉƵƌƉŽƐĞ͘�dŽ�ƚŚĞ�ĨƵůůĞƐƚ�ĞdžƚĞŶƚ�ƉĞƌŵ ŝƩĞĚ�ďLJ�ůĂǁ͕�ǁ Ğ�ĚŽ�ŶŽƚ�accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed. ## **Andrew Rich (Senior Statutory Auditor)** ## **for and on behalf of HW Fisher LLP** Chartered Accountants Statutory Auditor Acre House 11-15 William Road London NW1 3ER United Kingdom 26 October 2021 - 11 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ |**Current fnancial year**
**Unrestricted**
**Unrestricted**
**funds**
**funds**
**general**
**designated**
**2020**
**2020**
**Notes**
**£**
**£**
**Income and endowments from:**
Voluntary income
**3**
606,796
-
Incoming resources from charitable
ĂĐƟǀŝƟĞƐ
**4**
4,882
-
KƚŚĞƌƚƌĂĚŝŶŐĂĐƟǀŝƟĞƐ
**5**
165,060
-
Investment and rental income
**6**
176,336
-
Other incoming resources
**7**
102,161
-
**Total income**
1,055,235
-
**Expenditure on:**
�ŚĂƌŝƚĂďůĞĂĐƟǀŝƟĞƐ
**8**
1,092,173
198,731
Net gains/(losses) on investments
**12**
(168,169)
-
**Net outgoing resources before transfers**
(205,107)
(198,731)
Gross transfers between funds
(33,963)
44,599
**Net movement in funds**
(239,070)
(154,132)
Fund balances at 1 January 2020
As originally reported
_2,292,063_
_6,993,554_
Prior year adjustment
_47,253_
_-_
As restated
2,339,316
6,993,554
**Fund balances at 31 December 2020**
2,100,246
6,839,422|**Restricted**
**funds**
**2020**
**£**
17,405
-
-
-
-
17,405
27,982
-
(10,577)
(10,636)
(21,213)
_255,558_
_-_
255,558
234,345|**Total**
**2020**
**£**
624,201
4,882
165,060
176,336
102,161
1,072,640
1,318,886
(168,169)
(414,415)
-
(414,415)
_9,541,175_
_47,253_
9,588,428
9,174,013|Total
2019
**£**
898,638
7,275
174,223
312,992
-| |---|---|---|---| ||||1,393,128| ||||1,590,544| ||||45,495| ||||(151,921)
-| ||||(151,921)
_9,693,096_
_47,253_| ||||9,740,349| ||||9,588,428| dŚĞ�ƐƚĂƚĞŵ ĞŶƚ�ŽĨ�ĮŶĂŶĐŝĂů�ĂĐƟǀŝƟĞƐ�ŝŶĐůƵĚĞƐ�Ăůů�ŐĂŝŶƐ�ĂŶĚ�ůŽƐƐĞƐ�ƌĞĐŽŐŶŝƐĞĚ�ŝŶ�ƚŚĞ�LJĞĂƌ͘ �ůů�ŝŶĐŽŵ Ğ�ĂŶĚ�ĞdžƉĞŶĚŝƚƵƌĞ�ĚĞƌŝǀĞ�ĨƌŽŵ �ĐŽŶƟŶƵŝŶŐ�ĂĐƟǀŝƟĞƐ͘ dŚĞ�ƐƚĂƚĞŵ ĞŶƚ�ŽĨ�ĮŶĂŶĐŝĂů�ĂĐƟǀŝƟĞƐ�ĂůƐŽ�ĐŽŵ ƉůŝĞƐ�ǁ ŝƚŚ�ƚŚĞ�ƌĞƋƵŝƌĞŵ ĞŶƚƐ�ĨŽƌ�ĂŶ�ŝŶĐŽŵ Ğ�ĂŶĚ�ĞdžƉĞŶĚŝƚƵƌĞ�ĂĐĐŽƵŶƚ�ƵŶĚĞƌ�ƚŚĞ� Companies Act 2006. - 12 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## |**Unrestricted**
**Unrestricted**
**funds**
**funds**
**general**
**designated**
**2019**
**2019**
**Notes**
**£**
**£**
**Income and endowments from:**
Voluntary income
**3**
872,665
-
/ŶĐŽŵ ŝŶŐƌĞƐŽƵƌĐĞƐĨƌŽŵ ĐŚĂƌŝƚĂďůĞĂĐƟǀŝƟĞƐ
**4**
7,275
-
KƚŚĞƌƚƌĂĚŝŶŐĂĐƟǀŝƟĞƐ
**5**
174,223
-
Investment and rental income
**6**
312,992
-
**Total income**
1,367,155
-
**Expenditure on:**
�ŚĂƌŝƚĂďůĞĂĐƟǀŝƟĞƐ
**8**
1,379,189
172,091
Net gains/(losses) on investments
**12**
45,495
-
**Net outgoing resources before transfers**
33,461
(172,091)
Gross transfers between funds
(142,323)
170,649
**Net movement in funds**
(108,862)
(1,442)
Fund balances at 1 January 2019
As originally reported
_2,400,925_
_6,994,996_
Prior year adjustment
_47,253_
_-_
As restated
2,448,178
6,994,996
**Fund balances at 31 December 2019**
2,339,316
6,993,554|**Restricted**
**funds**
**2019**
**£**
25,973
-
-
-
25,973
39,264
-
(13,291)
(28,326)
(41,617)
_297,175_
_-_
297,175
255,558|**Total**
**2019**
**£**
898,638
7,275
174,223
312,992| |---|---|---| |||1,393,128| |||1,590,544| |||45,495| |||(151,921)
-| |||(151,921)
_9,693,096_
_47,253_
9,740,349| |||9,588,428| dŚĞ�ƐƚĂƚĞŵ ĞŶƚ�ŽĨ�ĮŶĂŶĐŝĂů�ĂĐƟǀŝƟĞƐ�ŝŶĐůƵĚĞƐ�Ăůů�ŐĂŝŶƐ�ĂŶĚ�ůŽƐƐĞƐ�ƌĞĐŽŐŶŝƐĞĚ�ŝŶ�ƚŚĞ�LJĞĂƌ͘ �ůů�ŝŶĐŽŵ Ğ�ĂŶĚ�ĞdžƉĞŶĚŝƚƵƌĞ�ĚĞƌŝǀĞ�ĨƌŽŵ �ĐŽŶƟŶƵŝŶŐ�ĂĐƟǀŝƟĞƐ͘ dŚĞ�ƐƚĂƚĞŵ ĞŶƚ�ŽĨ�ĮŶĂŶĐŝĂů�ĂĐƟǀŝƟĞƐ�ĂůƐŽ�ĐŽŵ ƉůŝĞƐ�ǁ ŝƚŚ�ƚŚĞ�ƌĞƋƵŝƌĞŵ ĞŶƚƐ�ĨŽƌ�ĂŶ�ŝŶĐŽŵ Ğ�ĂŶĚ�ĞdžƉĞŶĚŝƚƵƌĞ�ĂĐĐŽƵŶƚ�ƵŶĚĞƌ�ƚŚĞ� Companies Act 2006. - 13 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **BALANCE SHEET** ## _**AS AT 31 DECEMBER 2020**_ |**Notes**
**Fixed assets**
Tangible assets
**13**
Investments
**14**
**Current assets**
Debtors
**16**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**17**
Net current assets
**dŽƚĂůĂƐƐĞƚƐůĞƐƐĐƵƌƌĞŶƚůŝĂďŝůŝƟĞƐ**
**�ƌĞĚŝƚŽƌƐ͗Ăŵ ŽƵŶƚƐĨĂůůŝŶŐĚƵĞĂŌĞƌŵ ŽƌĞƚŚĂŶ**
**one year**
**18**
**Net assets**
**Income funds**
Restricted funds
**19**
Unrestricted funds
Designated funds
**20**
General unrestricted funds|**2020**
**£**
164,299
1,722,011
1,886,310
(269,182)
6,839,422
2,100,246|**£**
6,898,081
680,339
7,578,420
1,617,128
9,195,548
(21,535)
9,174,013
234,345
8,939,668
9,174,013|**2019**
**£**
137,165
1,949,640
2,086,805
(372,844)
6,993,554
2,339,316|**£**
7,052,213
848,508
7,900,721
1,713,961
9,614,682
(26,254)
9,588,428
255,558
9,332,870
9,588,428| |---|---|---|---|---| Dr A Al-Dubayan **Trustee** ## **�Žŵ ƉĂŶLJ�ZĞŐŝƐƚƌĂƟŽŶ�E Ž͘�ϰϰϮϯϵϰ** - 14 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **STATEMENT OF CASH FLOWS** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ |**Notes**
**�ĂƐŚŇŽǁ ƐĨƌŽŵ ŽƉĞƌĂƟŶŐĂĐƟǀŝƟĞƐ**
�ĂƐŚĂďƐŽƌďĞĚďLJŽƉĞƌĂƟŽŶƐ
**22**
**/ŶǀĞƐƟŶŐĂĐƟǀŝƟĞƐ**
Purchase of tangible fxed assets
Investment and rental income
**E ĞƚĐĂƐŚŐĞŶĞƌĂƚĞĚĨƌŽŵ ŝŶǀĞƐƟŶŐĂĐƟǀŝƟĞƐ**
**&ŝŶĂŶĐŝŶŐĂĐƟǀŝƟĞƐ**
WĂLJŵ ĞŶƚŽĨŽďůŝŐĂƟŽŶƐƵŶĚĞƌĮŶĂŶĐĞůĞĂƐĞƐ
**E ĞƚĐĂƐŚƵƐĞĚŝŶĮŶĂŶĐŝŶŐĂĐƟǀŝƟĞƐ**
**Net decrease in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2020**
**£**
(44,599)
176,336
;ϰ͕ϳϭϵͿ|**£**
(354,647)
131,737
(4,719)
(227,629)
1,949,640
1,722,011|**2019**
**£**
(131,924)
312,992
;ϳ͕ϳϱϮͿ|**£**
(265,313)
181,068
(7,752)
(91,997)
2,041,637
1,949,640| |---|---|---|---|---| - 15 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **ϭ** ## **ĂƟŽŶ** The London Central Mosque Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 146 Park Road, London, NW8 7RG. ## **ϭ͘ϭ** s, the Companies Act n these de investments at fair ## **1.2 Going concern** fall in income due to the closure of the Mosque mainly concerning the voluntary donations received a d rent. The Council of Management have taken steps to reduce the deficit through various measures including saving money through the furlough The measures the Council of Management have taken to reduce this impact have proven to be successful and although there e ## **1.3 Charitable funds** ## **1.4 Incoming resources** can be measured reliably, and it is probable that income will be received. ## ' - 16 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **ϭ �ĐĐŽƵŶƟŶŐ�ƉŽůŝĐŝĞƐ ;�ŽŶƟŶƵĞĚͿ** - **1.5 Resources expended** Expenses are included in the financial statements as they become due. Expenses include VAT where applicable as the company cannot reclaim it. �ŽƐƚƐ�ŽĨ�ŐĞŶĞƌĂƟŶŐ�ĨƵŶĚƐ�ĂƌĞ�ƚŚŽƐĞ�ĐŽƐƚƐ�ŝŶĐƵƌƌĞĚ�ŝŶ�ĂƩƌĂĐƟŶŐ�ǀŽůƵŶƚĂƌLJ�ŝŶĐŽŵ Ğ͕�ŝŶ�ƉĂƌƟĐƵůĂƌ�ŐƌĂŶƚ�ĨƵŶĚŝŶŐ�ĂŶĚ�ƚŚĞ�ĐŽƐƚƐ�ŽĨ� maintaining the charity's profile within the sector. �džƉĞŶĚŝƚƵƌĞ�ƌĞůĂƟŶŐ�ƚŽ�ZƵŶŶŝŶŐ�ƚŚĞ�D ŽƐƋƵĞ�ĂƌĞ�ƚŚŽƐĞ�ĞůĞŵ ĞŶƚƐ�ŽĨ�ĞdžƉĞŶĚŝƚƵƌĞ�ĚŝƌĞĐƚůLJ�ŝŶĐƵƌƌĞĚ�ŝŶ�ƉĞƌĨŽƌŵ ŝŶŐ�ƚŚĞƐĞ� ĂĐƟǀŝƟĞƐ͘ Support costs comprise costs incurred directly in support of expenditure on the objects of the charity and are allocated to the ŽŶĞ�ĐŚĂƌŝƚĂďůĞ�ĂĐƟǀŝƚLJ͘ Governance costs include those costs incurred in the governance of the charity's assets and are primarily associated with ĐŽŶƐƟƚƵƟŽŶĂů�ĂŶĚ�ƐƚĂƚƵƚŽƌLJ�ƌĞƋƵŝƌĞŵ ĞŶƚƐ͘ **1.6** dĂŶŐŝďůĞ�ĮdžĞĚ�ĂƐƐĞƚƐ�ĂƌĞ�ŝŶŝƟĂůůLJ�ŵ ĞĂƐƵƌĞĚ�Ăƚ�ĐŽƐƚ�ĂŶĚ�ƐƵďƐĞƋƵĞŶƚůLJ�ŵ ĞĂƐƵƌĞĚ�Ăƚ�ĐŽƐƚ͕�ŶĞƚ�ŽĨ ĚĞƉƌĞĐŝĂƟŽŶ�ĂŶĚ�ĂŶLJ impairment losses. �ĞƉƌĞĐŝĂƟŽŶ�ŝƐ�ƌĞĐŽŐŶŝƐĞĚ�ƐŽ�ĂƐ�ƚŽ�ǁ ƌŝƚĞ�Žī�ƚŚĞ�ĐŽƐƚ�ŽĨ�ĂƐƐĞƚƐ�ůĞƐƐ�ƚŚĞŝƌ�ƌĞƐŝĚƵĂů�ǀĂůƵĞƐ�ŽǀĞƌ�ƚŚĞŝƌ�ƵƐĞĨƵů�ůŝǀĞƐ�ŽŶ�ƚŚĞ�following bases: Land & freehold property 100 years straight line on cost &ŝdžƚƵƌĞƐ͕�Įƫ ŶŐƐ�Θ �ĞƋƵŝƉŵ ĞŶƚ ϭϬ�LJĞĂƌƐ�ƐƚƌĂŝŐŚƚ�ůŝŶĞ�ŽŶ�ĐŽƐƚ Motor vehicles 10 years straight line on cost Freehold land is not depreciated. sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. - **1.7 Fixed asset investments** &ŝdžĞĚ�ĂƐƐĞƚ�ŝŶǀĞƐƚŵ ĞŶƚƐ�ĂƌĞ�ŝŶŝƟĂůůLJ�ŵ ĞĂƐƵƌĞĚ�Ăƚ�ƚƌĂŶƐĂĐƟŽŶ�ƉƌŝĐĞ�ĞdžĐůƵĚŝŶŐ�ƚƌĂŶƐĂĐƟŽŶ�ĐŽƐƚƐ͕�ĂŶĚ�ĂƌĞ�ƐƵďƐĞƋƵĞŶƚůLJ�ŵ easured Ăƚ�ĨĂŝƌ�ǀĂůƵĞ�Ăƚ�ĞĂĐŚ�ƌĞƉŽƌƟŶŐ�ĚĂƚĞ͘���ŚĂŶŐĞƐ�ŝŶ�ĨĂŝƌ�ǀĂůƵĞ�ĂƌĞ�ƌĞĐŽŐŶŝƐĞĚ�ŝŶ�ŶĞƚ�ŝŶĐŽŵ Ğͬ;ĞdžƉĞŶĚŝƚƵƌĞͿ�ĨŽƌ�ƚŚĞ�LJĞĂƌ͘�dƌĂŶƐĂĐƟŽŶ costs are expensed as incurred. ## **1.8** �ƚ�ĞĂĐŚ�ƌĞƉŽƌƟŶŐ�ĞŶĚ�ĚĂƚĞ͕�ƚŚĞ�ĐŚĂƌŝƚLJ�ƌĞǀŝĞǁ Ɛ�ƚŚĞ�ĐĂƌƌLJŝŶŐ�Ăŵ ŽƵŶƚƐ�ŽĨ�ŝƚƐ�ƚĂŶŐŝďůĞ�ĂƐƐĞƚƐ�ƚŽ�ĚĞƚĞƌŵ ŝŶĞ�ǁ ŚĞƚŚĞƌ�ƚŚĞƌĞ�ŝƐ�Ăny ŝŶĚŝĐĂƟŽŶ�ƚŚĂƚ�ƚŚŽƐĞ�ĂƐƐĞƚƐ�ŚĂǀĞ�ƐƵīĞƌĞĚ�ĂŶ�ŝŵ ƉĂŝƌŵ ĞŶƚ�ůŽƐƐ͘�/Ĩ�ĂŶLJ�ƐƵĐŚ�ŝŶĚŝĐĂƟŽŶ�ĞdžŝƐƚƐ͕�ƚŚĞ�ƌĞcoverable amount of the ĂƐƐĞƚ�ŝƐ�ĞƐƟŵ ĂƚĞĚ�ŝŶ�ŽƌĚĞƌ�ƚŽ�ĚĞƚĞƌŵ ŝŶĞ�ƚŚĞ�ĞdžƚĞŶƚ�ŽĨ�ƚŚĞ�ŝŵ ƉĂŝƌŵ ĞŶƚ�ůŽƐƐ�;ŝĨ�ĂŶLJͿ͘ ## **1.9 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with ŽƌŝŐŝŶĂů�ŵ ĂƚƵƌŝƟĞƐ�ŽĨ�ƚŚƌĞĞ�ŵ ŽŶƚŚƐ�Žƌ�ůĞƐƐ͘ - 17 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **ϭ** ## **1.10 Financial instruments** Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. gally and ## price inclu ding unless the arrangement pts discounted at a rom less. If not, they are at ## **1.11** ## **1.12 Leases** the risks and rewards of Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inceptio n and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/ (expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability. ## **1.13 Government Grants** ' overnment grants, which include amounts received under the Coronavirus Job Retention Scheme, are ecognised at the fair value of the grant received or receivable when there is reasonable assurance that the grant conditi s will be met and the ods in which the associated costs are incurred, using the accrual model. - 18 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **Ϯ �ƌŝƟĐĂů�ĂĐĐŽƵŶƟŶŐ�ĞƐƟŵ ĂƚĞƐ�ĂŶĚ�ũƵĚŐĞŵ ĞŶƚƐ** /Ŷ�ƚŚĞ�ĂƉƉůŝĐĂƟŽŶ�ŽĨ�ƚŚĞ�ĐŚĂƌŝƚLJ͛Ɛ�ĂĐĐŽƵŶƟŶŐ�ƉŽůŝĐŝĞƐ͕�ƚŚĞ��ŽƵŶĐŝů�ŽĨ�D ĂŶĂŐĞŵ ĞŶƚ�ĂƌĞ�ƌĞƋƵŝƌĞĚ�ƚŽ ŵ ĂŬĞ�ũƵĚŐĞŵ ĞŶƚƐ͕�ĞƐƟŵ Ăƚes ĂŶĚ�ĂƐƐƵŵ ƉƟŽŶƐ�ĂďŽƵƚ�ƚŚĞ�ĐĂƌƌLJŝŶŐ�Ăŵ ŽƵŶƚ�ŽĨ�ĂƐƐĞƚƐ�ĂŶĚ�ůŝĂďŝůŝƟĞƐ�ƚŚĂƚ�ĂƌĞ�ŶŽƚ�ƌĞĂĚŝůLJ�ĂƉƉĂƌĞŶƚ�Ĩƌom other sources. The ĞƐƟŵ ĂƚĞƐ�ĂŶĚ�ĂƐƐŽĐŝĂƚĞĚ�ĂƐƐƵŵ ƉƟŽŶƐ�ĂƌĞ�ďĂƐĞĚ�ŽŶ�ŚŝƐƚŽƌŝĐĂů�ĞdžƉĞƌŝĞŶĐĞ�ĂŶĚ�ŽƚŚĞƌ�ĨĂĐƚŽƌƐ�ƚŚĂƚ�ĂƌĞ�ĐŽŶƐŝĚĞƌĞĚ�ƚŽ�ďĞ�ƌĞůĞǀĂŶƚ͘ �ĐƚƵĂů�ƌĞƐƵůƚƐ�ŵ ĂLJ�ĚŝīĞƌ�ĨƌŽŵ �ƚŚĞƐĞ�ĞƐƟŵ ĂƚĞƐ͘ dŚĞ�ĞƐƟŵ ĂƚĞƐ�ĂŶĚ�ƵŶĚĞƌůLJŝŶŐ�ĂƐƐƵŵ ƉƟŽŶƐ�ĂƌĞ�ƌĞǀŝĞǁ ĞĚ�ŽŶ�ĂŶ�ŽŶŐŽŝŶŐ�ďĂƐŝƐ͘�ZĞǀŝƐŝŽŶƐ�ƚŽ�ĂĐĐŽƵŶƟŶŐ ĞƐƟŵ ĂƚĞƐ�ĂƌĞ�ƌĞĐŽŐŶŝƐĞĚ ŝŶ�ƚŚĞ�ƉĞƌŝŽĚ�ŝŶ�ǁ ŚŝĐŚ�ƚŚĞ�ĞƐƟŵ ĂƚĞ�ŝƐ�ƌĞǀŝƐĞĚ�ǁ ŚĞƌĞ�ƚŚĞ�ƌĞǀŝƐŝŽŶ�ĂīĞĐƚƐ�ŽŶůLJ�ƚŚĂƚ�ƉĞƌŝŽĚ͕�Žƌ�ŝŶ�ƚŚĞ�ƉĞƌŝŽĚ�ŽĨ�ƚŚĞ�ƌĞǀŝƐŝŽŶ�and ĨƵƚƵƌĞ�ƉĞƌŝŽĚƐ�ǁ ŚĞƌĞ�ƚŚĞ�ƌĞǀŝƐŝŽŶ�ĂīĞĐƚƐ�ďŽƚŚ�ĐƵƌƌĞŶƚ�ĂŶĚ�ĨƵƚƵƌĞ�ƉĞƌŝŽĚƐ͘�dŚĞƌĞ�ǁ ĞƌĞ�ŶŽ�ŵ ĂƚĞƌŝĂů�ĐƌŝƟĐĂů�ĂĐĐŽƵŶƟŶŐ�ĞƐƟŵ Ăƚes or judgements made in either year. ## **3 Voluntary income** ||**Unrestricted**|**Restricted**|**Total**|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| ||**funds**|**funds**||funds|funds|| ||**general**|||general||| ||**2020**|**2020**|**2020**|2019|2019|2019| ||**£**|**£**|**£**|£|£|£| |�ŽŶĂƟŽŶƐĂŶĚŐŝŌƐ|ϲϬϲ͕ϳϵϲ|ϭϳ͕ϰϬϱ|ϲϮϰ͕ϮϬϭ|ϴϳϮ͕ϲϲϱ|Ϯϱ͕ϵϳϯ|ϴϵϴ͕ϲϯϴ| ## **ϰ /ŶĐŽŵ ŝŶŐ�ƌĞƐŽƵƌĐĞƐ�ĨƌŽŵ �ĐŚĂƌŝƚĂďůĞ�ĂĐƟǀŝƟĞƐ** ||**Income from**|**Income from**| |---|---|---| ||**literature sales**|**literature sales**| ||**2020**|**2019**| ||**£**|**£**| |^ĂůĞƐǁ ŝƚŚŝŶĐŚĂƌŝƚĂďůĞĂĐƟǀŝƟĞƐ|ϰ͕ϴϴϮ|ϳ͕Ϯϳϱ| ## **ϱ K ƚŚĞƌ�ƚƌĂĚŝŶŐ�ĂĐƟǀŝƟĞƐ** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**general**|general| ||**2020**|2019| ||**£**|£| |Weekend school fees|103,883|105,694| |Arabic classes|19,442|32,331| |D ĂƌƟĂůƐĞƌǀŝĐĞƐĂŶĚŚĂůůŬŝŶŐƐ|ϯϱ͕ϲϲϲ|ϯϬ͕ϲϮϰ| |K ƚŚĞƌĂĐƟǀŝƟĞƐ|ϲ͕Ϭϲϵ|ϱ͕ϱϳϰ| |K ƚŚĞƌƚƌĂĚŝŶŐĂĐƟǀŝƟĞƐ|ϭϲϱ͕ϬϲϬ|ϭϳϰ͕ϮϮϯ| - 19 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **6 Investment and rental income** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**general**|general| ||**2020**|2019| ||**£**|£| |Rental income|144,634|276,835| |Income from listed investments|31,677|36,155| |Interest receivable|25|2| ||176,336|312,992| |**Other incoming resources**||| ||**Unrestricted**|Total| ||**funds**|| ||**general**|| ||**2020**|2019| ||**£**|£| |:ŽďƌĞƚĞŶƟŽŶƐĐŚĞŵ ĞŐƌĂŶƚŝŶĐŽŵ Ğ|ϭϬϮ͕ϭϲϭ|Ͳ| ## **7 Other incoming resources** - 20 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **ϴ �ŚĂƌŝƚĂďůĞ�ĂĐƟǀŝƟĞƐ** ||**Running of the**|**Running of the**| |---|---|---| ||**Mosque**|**Mosque**| ||**2020**|**2019**| ||**£**|**£**| |Staf costs|205,663|195,131| |�ĞƉƌĞĐŝĂƟŽŶĂŶĚŝŵ ƉĂŝƌŵ ĞŶƚ|ϭϵϴ͕ϳϯϭ|ϭϳϮ͕Ϭϵϭ| |New Muslims Project|-|4,826| |�ƵůƚƵƌĂů�ǀĞŶƚƐ͕ĞĚƵĐĂƟŽŶĂŶĚƌĞůŝĞĨŽĨŚĂƌĚƐŚŝƉ|ϭϭϴ͕ϰϴϰ|ϭϲϬ͕ϲϭϭ| |Light and Heat|75,345|103,348| |Postage|3,317|6,199| |Telephone|8,324|8,001| |Literature Sales|10,683|22,257| |Repairs and Maintenance|101,032|123,975| |Insurance|28,143|26,883| |Rates|29,547|39,563| |Security, legal and professional|205,398|306,796| |Sundry|7,086|-| ||991,753|1,169,681| |Share of support costs (see note 9)|315,733|409,463| |Share of governance costs (see note 9)|11,400|11,400| ||1,318,886|1,590,544| |**Analysis by fund**||| |Unrestricted funds - general|1,092,173|1,379,189| |Unrestricted funds - designated|198,731|172,091| |Restricted funds|27,982|39,264| ||1,318,886|1,590,544| - 21 - **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **9 Support costs** |**Support costs**||| |---|---|---| |**Support costs**
**Governance**
**costs**
**£**
**£**
Staf costs
173,942
-
Legal and professional
106,406
-
WƌŝŶƟŶŐ͕ƐƚĂƟŽŶĂƌLJĂŶĚ
ĂĚǀĞƌƟƐŝŶŐ
ϭϬ͕ϭϯϮ
Ͳ
Travelling and motor
expenses
14,903
-
Other costs
10,350
-
Audit fees
-
11,400
315,733
11,400
Analysed between
�ŚĂƌŝƚĂďůĞĂĐƟǀŝƟĞƐ
ϯϭϱ͕ϳϯϯ
ϭϭ͕ϰϬϬ|**2020**
Support costs
Governance
costs
**£**
£
£
173,942
230,472
-
106,406
118,644
-
ϭϬ͕ϭϯϮ
Ϯϭ͕ϵϴϯ
Ͳ
14,903
22,352
-
10,350
16,012
-
11,400
-
11,400
327,133
409,463
11,400
ϯϮϳ͕ϭϯϯ
ϰϬϵ͕ϰϲϯ
ϭϭ͕ϰϬϬ|2019
£
230,472
118,644
Ϯϭ͕ϵϴϯ
22,352
16,012
11,400| |||420,863| |||ϰϮϬ͕ϴϲϯ| Governance costs include payments to the auditors of £11,400 (2019 - £11,400) for audit fees and £nil (2019 - £nil) for other services. ## **10 Council of Management** Other than the Director General, none of the members of the Council of Management (or any persons connected with them) ƌĞĐĞŝǀĞĚ�ĂŶLJ�ƌĞŵ ƵŶĞƌĂƟŽŶ�Žƌ�ďĞŶĞĮƚƐ�ĨƌŽŵ �ƚŚĞ�ĐŚĂƌŝƚLJ�ĚƵƌŝŶŐ�ƚŚĞ�LJĞĂƌ͘ dŚĞ��ŝƌĞĐƚŽƌ�' ĞŶĞƌĂů�ŝƐ�ƉƌŽǀŝĚĞĚ�ǁ ŝƚŚ�ƌĞŶƚ�ĨƌĞĞ�ĂĐĐŽŵ ŵ ŽĚĂƟŽŶ�Ăƚ�ƚŚĞ�>ŽŶĚŽŶ��ĞŶƚƌĂů�D ŽƐƋƵĞ�Θ �/ ƐůĂŵ ic Cultural Centre. The ŵ ĂƌŬĞƚ�ƌĞŶƚĂů�ǀĂůƵĞ�ĨŽƌ�ƚŚŝƐ�ĂĐĐŽŵ ŵ ŽĚĂƟŽŶ�ŝƐ�ĞƐƟŵ ĂƚĞĚ�ƚŽ�ďĞ�άϳϴ͕ϬϬϬ�ƉĞƌ�ĂŶŶƵŵ ͘ - 22 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **11 Employees** ## **Number of employees** The average monthly number of employees during the year was: |Running of the Mosque
Support
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2020**
**Number**
35
9
44
**2020**
**£**
354,656
20,256
4,693
379,605|**2019**
**Number**
32
9| |---|---|---| |||41| |||**2019**
**£**
398,477
21,795
5,331| |||425,603| The trustees, represented by ambassadors and Dr Ahmed are considered to be the senior management team. None of the Ăŵ ďĂƐƐĂĚŽƌƐ�Žƌ��ƌ��Śŵ ĞĚ�ƌĞĐĞŝǀĞ�ƌĞŵ ƵŶĞƌĂƟŽŶ�ĨƌŽŵ �ƚŚĞ�D ŽƐƋƵĞ�ĨŽƌ�ƚŚĞŝƌ�ƐĞƌǀŝĐĞƐ͘��ƌ��Śŵ ĂĚ͕�ŝƐ�ƐƉŽŶƐŽƌĞĚ�ďLJ�ƚŚĞ�D ŝŶŝƐƚƌLJ� dŚĞƌĞ�ǁ ĞƌĞ�ŶŽ�Ğŵ ƉůŽLJĞĞƐ�ǁ ŚŽƐĞ�ĂŶŶƵĂů�ƌĞŵ ƵŶĞƌĂƟŽŶ�ǁ ĂƐ�άϲϬ͕ϬϬϬ�Žƌ�ŵ ŽƌĞ͘ ## **12 Net gains/(losses) on investments** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**general**|general| ||**2020**|2019| ||**£**|£| |ZĞǀĂůƵĂƟŽŶŽĨŝŶǀĞƐƚŵ ĞŶƚƐ|;ϭϲϴ͕ϭϲϵͿ|ϰϱ͕ϰϵϱ| - 23 - **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **13** |**Tangible fxed assets**|| |---|---| |**Land & freehold**
**property**
**&ŝdžƚƵƌĞƐ͕Įƫ ŶŐƐ**
**& equipment**
**Motor vehicles**
**£**
**£**
**£**
**Cost**
At 1 January 2020
9,963,198
666,182
38,725
�ĚĚŝƟŽŶƐ
ϭϳ͕ϮϱϮ
Ϯϳ͕ϯϰϳ
Ͳ
At 31 December 2020
9,980,450
693,529
38,725
**�ĞƉƌĞĐŝĂƟŽŶĂŶĚŝŵ ƉĂŝƌŵ ĞŶƚ**
At 1 January 2020
3,094,752
517,268
3,872
�ĞƉƌĞĐŝĂƟŽŶĐŚĂƌŐĞĚŝŶƚŚĞLJĞĂƌ
ϭϱϱ͕ϱϯϭ
ϯϵ͕ϯϮϳ
ϯ͕ϴϳϯ
At 31 December 2020
3,250,283
556,595
7,745
**Carrying amount**
At 31 December 2020
6,730,167
136,934
30,980
At 31 December 2019
6,868,446
148,914
34,853|**Total**
**£**
10,668,105
ϰϰ͕ϱϵϵ| ||10,712,704| ||3,615,892
ϭϵϴ͕ϳϯϭ| ||3,814,623| ||6,898,081| ||7,052,213| The London Central Mosque Trust Limited holds as trustee the property at Regent's Lodge which is subject to certain ƌĞƐƚƌŝĐƟŽŶƐ�ŝŵ ƉŽƐĞĚ�ďLJ�ƚŚĞ��Žŵ ŵ ŝƐƐŝŽŶĞƌƐ�ŽĨ��ƌŽǁ Ŷ�>ĂŶĚƐ͕�ĂƵƚŚŽƌŝƚLJ�ĨŽƌ�ĨƵůů�ĐŽŶƚƌŽů�ŽĨ�ƚŚŝƐ�ůĂŶĚ�ƌĞƐƚƐ�ǁ ŝƚŚ�ƚŚĞ�ĐƌŽǁ Ŷ͘�dhe London Central Mosque is required to pay a yearly rate to the Crown Estate Paving Commission CEPC for the range of services ƉƌŽǀŝĚĞĚ�ďLJ�ƚŚĞ���W��ĨŽƌ�ƚŚĞ�ĚŽŵ ĞƐƟĐ�ĂŶĚ�ďƵƐŝŶĞƐƐ�ƌĞƐŝĚĞŶƚƐ�ŽĨ�ƚŚĞ�ZĞŐĞŶƚ͛Ɛ�WĂƌŬ�ĞƐƚĂƚĞ͘ ## **14 Fixed asset investments** |Listed investments
**Movements in fxed asset investments**
**�ŽƐƚŽƌǀĂůƵĂƟŽŶ**
At 1 January 2020
sĂůƵĂƟŽŶĐŚĂŶŐĞƐ
At 31 December 2020
**Carrying amount**
At 31 December 2020
At 31 December 2019|**2020**
**£**
680,339|**2019**
**£**
848,508
**Shares**
**£**
848,508
;ϭϲϴ͕ϭϲϵͿ
680,339
680,339
848,508| |---|---|---| - 24 - ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ |**15**
**Financial instruments**
**Carrying amount of fnancial assets**
Equity instruments measured at fair value
**16**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income
**17**
**Creditors: amounts falling due within one year**
ďůŝŐĂƟŽŶƐƵŶĚĞƌĮŶĂŶĐĞůĞĂƐĞƐ
Other creditors
Accruals and deferred income
**ϭϴ**
**�ƌĞĚŝƚŽƌƐ͗Ăŵ ŽƵŶƚƐĨĂůůŝŶŐĚƵĞĂŌĞƌŵ ŽƌĞƚŚĂŶŽŶĞLJĞĂƌ**
ďůŝŐĂƟŽŶƐƵŶĚĞƌĮŶĂŶĐĞůĞĂƐĞƐ|**2020**
**£**
680,339
**2020**
**£**
164,299
-
164,299
**2020**
**£**
ϰ͕ϳϭϵ
196,449
68,014
269,182
**2020**
**£**
Ϯϭ͕ϱϯϱ|**2019**
**£**
848,508| |---|---|---| |||**2019**
**£**
62,503
74,662| |||137,165| |||**2019**
**£**
ϰ͕ϳϭϵ
281,341
86,784| |||372,844| |||**2019**
**£**
Ϯϲ͕Ϯϱϰ| - 25 - ¢Th m (¥) r4 ￿ p 00 r¢ m rn Oi ry ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **20 Designated funds** assets, and are therefore not available for expenditure: |**Balance at**
**1 January 2019**
**£**
Fixed assets
fund
6,994,996
6,994,996|**Resources**
**expended**
**£**
(172,091)
(172,091)|**Transfers**
**Balance at**
**1 January 2020**
**£**
**£**
170,649
6,993,554
170,649
6,993,554|**Resources**
**expended**
**£**
(198,731)
(198,731)|**Transfers**
**Balance at**
**31 December**
**2020**
**£**
**£**
44,599
6,839,422
44,599
6,839,422|**Transfers**
**Balance at**
**31 December**
**2020**
**£**
**£**
44,599
6,839,422
44,599
6,839,422| |---|---|---|---|---|---| ||||||6,839,422| ŝŶ�ĂĚĚŝƟŽŶƐ�ĂŶĚ�ĚĞƉƌĞĐŝĂƟŽŶ�ŽŶ�ƚŚĞ�ƵŶƌĞƐƚƌŝĐƚĞĚ�ĂƐƐĞƚƐ�ĨŽƌ�ƚŚĞ�LJĞĂƌ͘ - 28 - ¢n i o ti P4 ## **THE LONDON CENTRAL MOSQUE TRUST LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ |**ϮϮ**|**�ĂƐŚŐĞŶĞƌĂƚĞĚĨƌŽŵ ŽƉĞƌĂƟŽŶƐ**|||**ϮϬϮϬ**|**ϮϬϭϵ**| |---|---|---|---|---|---| |||||**£**|**£**| ||Defcit for the year|||(414,415)|(151,921)| ||Adjustments for:||||| ||/ŶǀĞƐƚŵ ĞŶƚĂŶĚƌĞŶƚĂůŝŶĐŽŵ ĞƌĞĐŽŐŶŝƐĞĚŝŶ|ƐƚĂƚĞŵ ĞŶƚŽĨĮŶĂŶĐŝĂůĂĐƟǀŝƟĞƐ||;ϭϳϲ͕ϯϯϲͿ|;ϯϭϮ͕ϵϵϮͿ| ||Fair value gains and losses on investments|||168,169|(45,495)| ||�ĞƉƌĞĐŝĂƟŽŶĂŶĚŝŵ ƉĂŝƌŵ ĞŶƚŽĨƚĂŶŐŝďůĞĮdžĞĚĂƐƐĞƚƐ|||ϭϵϴ͕ϳϯϭ|ϭϳϮ͕Ϭϵϭ| ||Movements in working capital:||||| ||(Increase) in debtors|||(27,134)|(34,126)| ||(Decrease)/increase in creditors|||(103,662)|107,130| ||**�ĂƐŚĂďƐŽƌďĞĚďLJŽƉĞƌĂƟŽŶƐ**|||(354,647)|(265,313)| |23|**Analysis of changes in net funds**||||| ||||**At 1 January 2020**|**Cash fows**|**At 31 December**| ||||||**2020**| ||||**£**|**£**|**£**| ||Cash at bank and in hand||1,949,640|(227,629)|1,722,011| ||KďůŝŐĂƟŽŶƐƵŶĚĞƌĮŶĂŶĐĞůĞĂƐĞƐ||;ϯϬ͕ϵϳϯͿ|ϰ͕ϳϭϵ|;Ϯϲ͕ϮϱϰͿ| ||||1,918,667|(222,910)|1,695,757| |**24**|**Prior period adjustment**||||| ||There were 19,921 M&G shares held at 31|December 2019 which were not included in the||prior year accounts. A prior year|| ||adjustment has been made to adjust for the|market value of these shares as at 31 December 2019 of £47,253.|||| ||**Changes to the balance sheet**||||| ||||**At 31 December 2019**||| ||||**As previously**|**Adjustment**|**As restated**| ||||**reported**||| ||||**£**|**£**|**£**| ||**Fixed assets**||||| ||Investments||801,255|47,253|848,508| ||Capital funds||||| ||Income funds||||| ||Restricted funds||255,558|-|255,558| ||designated||6,993,554|-|6,993,554| ||Unrestricted funds||2,292,063|47,253|2,339,316| |||**Total equity**|9,541,175|47,253|9,588,428| - 30 -