Reglstratlon No. 2319ZO C(thpary Re8t5tratlon No.4413Y IEngland and Wales) THE LONDON CENTRAL MOSQUE TRUST LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE LONDON CENTRAL MOSQUE TRUST LIMITED LEGALAND ADMINIRATIVE INFORMATION Countll of mana8eme Embassy of Bahialn Emba5w of the State of Kuwait Royal Embassvof Saudi Arabi Embassy of The Sultbnateof Oman Embasw of Inooneya Embassy ol Hashemits Kingdom oljordan Ernba5w of Republic of Yemen Embassy ofThe KinEdom ol Morocco Ernba55y of the State of Qatar Embasw of the United Arab Emirates High Commission for 6runei High Commission for the Islamic Republic of Pa*i5tan Mèlaysian HS8h Commission Ernba5w of Turkey Embassy of theArab RepuNicof E8VPt Pwple's Oemo¢rati¢ Republic of Al8eri mbè55y of Sudan Embèssy of Tunisi Ern$ of Libya Embassy of the RepublK of 5ene831 Hi8h Commi55ion for the People'5 Republic o18an8Wesh Ern5$¥ of Lebar Dr A Al-Dubayan Secretary Dr AAI-Dubayan ClIty number 231920 Comp•ry numlJer 442394 Prlnclpal addre55 146 Park Road London NW8 7RG e8lstered offlc¢ 146 Park R¢)ad London NW8 7RG Audltoi HW Fisher Audtt Acre House 11-15 William Road London NWI 3ER United Kingdom Bankers Ahli Unrted Bank 3S Portland uare London WIH 6LR
THE LONDON CENTRAL MOSQUE TRUST LIMITED CONTENTS Council of management'5 rewt Statement of Counol of marbagement'5 reskJnsibility"e5 Independent auditor's report stètsment of financlal activitles io-ii 8alance sheet 12 Stètement of cash fl¢)ws 13 Notes to thefinan¢ièl Sttnts 14-27
THE LONDON CENTRAL MOSQUE TRUST LIMITED COUNCIL OF MANAGEMENT'5 REPORT (INCLUDING DIREoR5. REPORTI FOR THE YEAR ENDED 31 DECEMBER 2024 The Council of Mariagement. being the Truslees (rf Lorlon Central M05que Trust mited I"London Central M05que & 1513mic Cuttural Centre"), present their reFx>rt and financial statements for the ar ended 31 Decefflber 2024. Thi5 repDrt is also the director'5 report required by Company Law. The finantial stètemènts been pfÈparÈd in accorda@ wTth the accounting policiès sèt out in not@ I to thÈ finantial ststements and cornply with the thèrity's memorandum and articles, the Cornpbnies Att 2(M16 and-Attountln8 and R@portln8 by Charities." Statement of Retommended Prartice èpplicable to charities preparing their attounts in attordance with the Financlal Reporting Standard applicable in the UK and Republicof Ireland IFRS 1021 (effective l January 20191". Publlc Beneflt Trustees ef a charlty have a duty to report In their Annual Report on their charity's publlc benefit. The Trustees of The London Central Mosque have consldered the requirements. which areexplained on the Charity Commission website. The following sections ef 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 aT. The London Central Mosque'5 work benefits many organisations and individuals across LoThdon antl the UK and abroad. The Tru5tee5 h3ve considered thi5 matter and concluded.. That the aim5 01 the or8oni50ti0n c¢ntinve to bechèritable. That the 3im5 and the work done Bi¥e entifiable benefit5 to the charitsble sector and both Indirectly and dlrectly to individuals in need. That the benefits for th¢ publif, are fiot unreasonably $trirt¢ ifi •y wty. Th there Is no detriment or harm aiisin8from the aimsty arti1$ Oblectlves and actl¥ltles To provide 3 place of worship for the mul¢ithnic cornmunity of Sunni Muslims in London and Britain. To propa8a¢e and expand the teachin85 and the loleraTht messoge of Islam 05 a compassionate reli8ion encompassln8 all Sunni Schools of thought and in total rompliancewith the law of the land. To Èstablish liaison and work with go¥ernrnÈnL voluntary settor. I(1 authority. Statutory bodies and other a8Ènties and individua15 lor the mutual benefit of all. To seek and build better understandin8 of Islam and othÈr tommunitiÈs through intÈrfaith and multitultural artivities. Liaising for toopprètion, di3108ue and rÈlations bÈtween Muslims and other faiths. To support interfaith relations. building brid8es of 8ood relètion in the society. the empowem)ent of women ènd youth en838ement. To provide cuttural and edu£ional facilitie To contribute to social serri£es. To support cultural Values and cultrJral knowledge in the $iety Fundralslng actitIeS The charlty Is not rey5tered with either the Fundraiyng Regulator or the Fundraising Institute_ The charty has raised £1,532,298 through voluntary donations which were collected through 3 main sources: Online Donation5 through the website. Collection boxe5 on the pMISest0£0l1ert cash donations, Direct Oonations received through the bank. Fundraising from indidual5 is refullY controlled lollDwin8 irbternal guidelines and all public donatiOll5 involve individuals directty approachin8 the Charty. No professional fundrai5er5 were used during the year. Instead, the Head of Finance is responsible for overseeing compliance wth regulation5 and best prartI. There are no complaints recorded and no cold calling h35taken place. We a150 do not allow fundraising in the premises froffl any out%det5.
THE LONDON CENTRAL MOSQUE TRUST LIMITED COUNCIL OF MANAGEMENT'5 REPORT (INCLUDING DIREoR5. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ReNlewof altIeS The Loridon Central M05que Trust Ltd & the Islamic Cultu1 Centre 15 a Pla of worship and a cultural tre for Muslims, which 15 a focus for Islamic faith. learning and culture. It 15 a place where the teachings and the message of151am create a spirit of tolerance arid hèrrnony for the Mu51irn iommunity in London and throughout the United Kingdotn and for sotiety 35 è whole. It is frÈquÈnted by thousands of worshippers weekly. This ststus has Ènabled it to provide 3 large number of attivities to edutate and encourage Muslims to assume POSiti¥e roles in their communities and the sotiety in whith they live. It has been dedded to leave the Islamic Exhibition open indefiniiely to serve the group visits as well as indNidual vlslts to the Centre. The Centre Is contlnulng its cooperatSon with Isesco In Rabat. e£s0 In Tunfjsla. Inststute of Arabic ManuscrSpts. Al-Azhar In Calro, Muslim World League In Makkah. Ministry of Islamic Affairs. World Assembly of Muslim Youth IWAMYI in Riyadh, Internatlonal Islamic Fiqh Academy In Jeddah, and the Imam firmizi Cultural Centre in Uzbekistsn. Our involvement wrth governmental aThd non-governmentsl bodies and other organi53tions is done mainly with the idea ef providing a better service to the british society. To promote Integration, Impro¥e the erlgagement with the Muslim Communitie5, and supporting charitsble works in the U.K and abroad, we recei¥* lords. memlJer5 of Parliament, the CEO of the Charity Commission and senior members ofthe Police and Home Olfice. The Education unit 1$ tarryiTh8 on buwne55 With more ihan 3C Students in the Weekefid School. a455es wert a8oin over5vb5cribed. Cour5e5 of Arabic for Non-sppakers and drffererbt islamic 5tudie5 in different language5 hove received a great response in the British wciety. The London Centr31 Mosque & 1s13mi¢ Cultural cent tstablished the Commissitin of Fatwa and Sharia Affairs ICFSAI whose purpose is to address fèmily problems. inheiit3n¢e cases and issuin8 Islamic fatwas rdated to the eases that apply to Muslims in the UK. The Commission is chaired by the Oifectef Gener31. Mèny ol the Muslim communities in the UK, and in Europe, have stsrted to benefit from its sewi£es. We have also received referrèls from offici31 bodies in Muslim wuntries to collaborète with them on certain issuesl cases. The CFSA aims to cover most important issues that lack a proper service for the Muslim community such ès family matters, inheritance cèses, wlls. arbitiation aCdIng10 the Islamic values. We aim to make the London Central Plosque & the Islamic Cultural Cenire a place. where Musllms can grow In thelr faith peacefully as citizens of a multi-cultural society In the U.K. An essential part of our work istherefore, with the wider soclety. A 8reat number of vlsltors and hundreds of sthools. as part of thelr muttkultural studles, wslt the Mosque annuallyi as do University students of theology, social studSes etc. We orpnlse 8uSded thurs With an Introductlon to the princlples of Islam upon request. Interfaith dialogue Is an irnport3nt componeTrt ol our actiwtie5 to raise the level of understsnding and good re13tlons among faith followers in one 50uety. 3nd we also publi5h1since 19541 a 5118•ou$ academicJournal.'The Ilamic Quarterly.. Knowledge 15 at the heart of our reli8ion and the library is always intended to be a cenlre lor the study of151am and is open for all fwe days a week. The library continue5 Its seryite forthe public Sie it was refijrbished. The London Central Mosque & Islamic Cultural Centre 15 constantty looking to find ways to reforrn it5 serviies, with it5 limited resources, to cater for the ever increasing and changing drrndS of the 8rit15h Society. There Is mortto do We would like to offer the community the sort of experience we and they would want. We are workin8 in partnership with the voluntary orEanisations, local èuthorities and governmental bodies and other ornitiOns. We have established relationship with other bodles lecally. natlonally, and internationallywiih the aim of fvrthering our objectiwe& The London Central Mosque & ljamic Culiural Centre as a charity is constsnily tryin& based on our ability. to contribute more to social services and actl¥ltie5 promoting women. helping poor individuals. refugees. orphans. and families especially in the economic circumstances now In rhe U.K.
THE LONDON CENTRAL MOSQUE TRUST LIMITED COUNCIL OF MANAGEMENT'5 REPORT (INCLUDING DIREoR5. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal review The charity had net incoming resources in 2024 of £266,38012023= outgoinB resources 01 £74,668). This induded losses on investments of £85.86212023'. £44.1041. Investment Poll The Charity'5 investment policy is to maintsin the walve of inye5tments. and the trustees regard loThg term capitsl growth, rather th3n the prodvrtion of 3 8ood income. 35 Its primeobiertive. Stvucture. Bo¥ern*nce and manaBtrnent The charity 15 3 company limited by guarantee and not h3vinB share cats1. The London Central M05qve & 151amic Cultural Centre 15 trustee of the trusts relating to the Property at 146 Park Road, London NW8, known also as ftegent'5 Lodge, where the London Central M05que &151amic Cultural Centre are situated, and a150 act5 as trustee to two charities jointly re8lStered wth the Charity Commis5ioner5 IRewstration No. 2319201, The London Central M05que IAlgarnel Fund and the London Nizamiah M05que Trust. The London Central M05que & Islamic Curtural Centre wa$ estsbli5hed IN 1944 wilh ¢wo of its objedives bein8 the buildin8 of osque and the founding of a rultural ind religious centre in London for Ihe Muslirn omrnunity of Great Britain. In 1945, followin8 an offer mède on behalf of the Crown by the Commissioners of Crown Lands, the London Central Mosque & Islamlc Cultural Centre beeème trustee of Re8ent's Lodge, ènd since that date has or8anised religious and culturèl activities on the site, while seekin8 to obtain fundin8 necessary for the cot)struttion of a mosque. After a donètion from HM Kin8 Faisal of Sèudi Arabl construction commenced in 1973. ènd in 1978 the main buildin8 complex was completed. Another building for administrètion was added In the slte during the 90's of the 20th Century through the dOnatn of HM King Fahèd of Saudi Arabia. After 2CiII the boundary wall was built with the donatien of H.M. Sultèn Qaboos of Oman, and the front gate with a donatlon from H.R.H Sh. Hamad Al Thani, Ambr of Qatar. Under the terms of the Memerandum of Association of the London Central Mosque & lslamlc Cultural Centre, it may also act as trustee of any other trust relatln8 to mattets concerned %¥rth the mU1M faith or charitable. educational and cukural field. In the event of the company windln8 up. every member of the Council of Management undertakes to contrlbute te the asset5 of the London Central Mosque & Islamlc Cultural Centre an amouni not exceedin8 £1 eath.
THE LONDON CENTRAL MOSQUE TRUST LIMITED COUNCIL OF MANAGEMENT'5 REPORT (INCLUDING DIREoR5. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees. who are also diTertors of the companyfor the purposes of Corrbpany Law. who *rveil during the year, 3nd up to the d3te of approval of the5efinancial Statements, are.. Country Bahrain Repre5entatb¥e5' Name H.E Shèikh Fawaz Bin Mohammed Al Khali H.E. Oaioseri Pahlawan Pengiran N¢xazmi PenEiran Muhammad H.E Dr Desra Percava H.E Mr Manar M. Dabbas H.E BaderAbdullah N M Alrnunayekh H.E Mr Zakri Jaafar H.E Mr Hakim Hajoui H.E Mr Bader Mohammed Mantherl H.E Dr Faisal Moharnmad H.E. SheikhAbdulla bin Mohammed bin Saud -Than1 HRH PrintÈ Khblid bin 8andar bin Suitsn Al Saud H.E Mr marn0r Abdullah Khalfanjuma Abtsllvjul H.E Yassin Saeed Noman Ahmed H.E Mr Osm3n Kor3y Ertas H.E Mr SherrfAhmed Mahmoud tsmel H.E Mr Nouieddineyazid vacant ambassador H.E Mr Yassine El thjed vacant ambassador H.E General Chvkh Wade H.E Ms Soida Muna Tosneem H.E Mr Rami Mortad (Dlrector Generall Indonesia Jordan Kuwait Malaysla Morocco Oman Pakistan Qatar Saudi Arablè UAE io li 12 13 14 15 16 17 18 19 20 21 Yemen Turkey Egypt Al8eria Sudan Tunlsla Llb¥a Senegal Ban813desh Lebanon Dr. Ahmad Al Dubayan 22 23 The Trustees, bein8 2mbass2dors of some different Muslim countries, and the dirertor 8tntr81 are only appointèd and rètruited by the Trustees themsÈlvÈs at a mÈetin8 with approvbl of the th3irman. Rèwts and leaflets are sÈnt to Trustees for trainin8 every time. The senlor mèna8ement team is made up of.. H.E. Shaikh Fawa2 Bin Mohammed Al Khalifa, The Bahraini ambassor,. aschairman. The Deputy Chairman Position is curreniiy vacant. Ouring the year H.E Mr. Bader Mohammèd Alawadl, the Kuwaltl Ambassador. served as the deputy, bur his term in ihe LIK came to an end. HRH Prince Khalid bin Bandar bin Sultan Al Saud. The Saudi ambassador." TreasUrer, Dr Ahmad Al Dubayan. the Director General. as Execurive tirector. The Director General. being a Trustee. was appointed to manage the dayto running and management of the Centre on behalf of the Board of Tru5tee5. He 15 responsible for overall 5traregic plannin& policie5. projert development and management of all stsff, externally seconded stsff, volvnteers, and swvice prowders. The member5 of the Board give their time freely and derive no berth. apartfrorn thosediKlosed under Note 10 in the accounts.
THE LONDON CENTRAL MOSQUE TRUST LIMITED COUNCIL OF MANAGEMENT'5 REPORT (INCLUDING DIREoR5. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Based on the mi55ions of the Centre. the Centre and ttsfflana8ementfa some risks and challenge5 such a5.. Shorta8e of finance and resour5. The tlirector General is working with the Chairman and the Treasurer to secure rnore finance with the help of the trustees. Preventin8 any form of misunderstsndin8 or misinterpretation of faith. whith £ould lèad to raditalisation or intolerènte. Our dirertor general, imams ènd teèchers 3rÈgiving talks afteT Ptayers. speeches, lettures. tourses, and trainings. We do not allow members of the public to give talks or lectures. It is our mission to establish and develop edutstion at all levels te encourage greater understanding of Islam and its role in socrdty. Ensurlng security of the British society around the Centre by installin8 CCTV Cameras all around and Inslde the building. Our work with the Police to stop the public from collecting money on the pavements on Frldèy when about 5,lJCrfJ people use the facilities of the Cenrre been hugeW successful. The mission to help secure safety and security of the worshippers and visitors. still more needs ro be done and ro awoid any possibility ef attacks on the worshippers and the building.. The Centre uses the service of 3 priv*e security firm. which was extended many year5 ago to twenty-four heurs per day. The number of security men and hours hawe been increased. despite limited resources. We coorditiate with the Police and the local 3Uthorities for huge con8regations on Eid days when around 20, people come in one day to pray and weekly Friday prayers whith are attended by some five thou5and1S.(XX>I worshipper5. There is a huge Police presence on thJt dav. R15k m4n•8em¢nt The Board of Trustees Is responslble for the ¢)vers¢eing of the risks f•¢ed by the ¢harty. Detailed ¢ofisiderations gf risk are delegated to the Director fjeneral. Risks ao identified, assessed and rontiols established throughout the year. A formal review ef the thèrity's risk management pro¢esses is ertaken tyi an anfiual basis. 'sk is maM8ed under the headings of finan¢lal sust3in3billty, projects, and events. Through the risk management processes established forthe charity, the Ooard are satisfied that the major rlsks Identified have been adequately mitigated where necessary. It is recognised that systemscan only yovide reasonable but not absolute assurance that major rlsks have been adequately manèged. Reserve pollty It Is the policy of the chadty that unrestricted funds which have not been dgnated for a specific use should be maintalned at a level equivalent to four months, expendlture of approximaiely £3.¢Y1. Furthermore. such reserves take into consideration the future refurbishment work that will be carried on during the fie year. The trusiees consider thèt reserves at this level wlll ensure that. in the eveni of a SlBnificant drop in fundin& Ihey will be able io coniinue the charity's curreni activities while consideration 15 given to ways in which additional funds may be raised. This level of reserves ha5 been maintsined throughout the year and at the year-end free reserves were £2,923.988. Dls¢105ure ol Infor¢1 to •udlt4y Each of the tru5tee5 h45 confirmed that there is inforrnation of which they a aware which 15 ley)nt to the audit, but of which the auditor 15 uribware. They have further confirmed that they have taken appropriate step5 to identify such relevant information and to e5tabli5h that the auditor 15 aware of such infomiation. On bÈhaff of the Council of Man3MeThI P. AL_J AI ?. Dr. Ahmed Al Dubayan Trustee 28 Aug 2025 Dated....
THE LONDON CENTRAL MOSQUE TRUST LIMITED ATEMENT OF COUNCIL OF MANAGEMENT'S RESPONSIBIUTIE5 FOR THE YEAR ENDED 31 DECEMBER 2024 The Council of mana8ernent are Te5pon5ible fr)r preparing the finanrial statements in accordance wffh applicable law and United Kin8dorTI Generally Accepted Accounting Prattice. Company law requires the Council of Man3Ment to prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the tharity ot its intornin8 Tesources and applItion of resour5. includirig Its net income Ènd expenditure for the year. In preparSng these flnantial ststements, the Council of managementare required to.. - selett suStèble accounting pollcSes and then apply them consSstently. - observe the methods and prindples in the CharStiesSORP: - make judgements and estimates that are reasonable and prudent: and prepare the financial statements on the 80in8 concern bays unless It is inappropriate to presume that the charty will continue in operation. The Council of management ère responsible for keepi adequate accounting records that di5c105e with reasonable accuracy at any time the financi31 position of the charity and which enable thern to eTh5U that the financial 5tsternents compty with the Companie5 Act 2006. They are a150 re5POn5ible lor safe8uardin8 the a55ets of the charity and hen for takin8 reasonable step5 for the preventlon and detertlon of fraud and other irre8ularities.
THE LONDON CENTRAL MOSQUE TRUST LIMITED INDEPENOENT AUDITOR'S REPORT TO THE MEMBERS OF THE LONDON CENTRAL MOSQUE TRUS[ LIMITED Oplnlon We have audited the finanoal statements of The london Cential Mosque Trust Limited (the 'charity'l for the year ended 31 December 2024 which comprise the statemeni of financial actwities. the balance sheet. the statement of cash flows and the notes to the financial statements. including significant accounting polioes. The financial reporting framework that ha5 been applied In their preparation Is applic8ble law and United Kingdom Accountsng Standards. Including FRS 102 The Fit70nciol Reporting Stondord appltcoble in the UK ond Republico/liel(¥ndlUnited Kingdom GeTherall¥Actrpted Accounting Practicel. In our opinion, the financial ststements.. Éive a true and faSr vlew of the state of the charStable £ompany's affairs as at 31 December 2024 and of its Sn£omln8 resources nd application of resources. Including its incomeand expenditts. for the year then ended., hève been properly prepared in accordance with United Kingdom GeneraltyAccepted Ac£ountin8 prarti., and have been prepared in accordance with the requirements olthe CompaniesAct 2(X. eaS for pplnlon We conducted our audlt in accordance with International Standèrds on Audlting IUKI IISAS IUKII and appllcèble law. Our responsibilitles under those stsndards are furth described in the Auditors responsibilifiesfv the oudir ol theflnonciol storements sectlen of our report. We are independeni ol the charity In aCCdance with the ethical requiiements that are relevant to our audit of the flnancial statemenis In the UK, Including the FRC'S EthKal Standard. and we hawe fulfilled our other ethical responsibilities In accordance with these requirements. We beliewe that the audit idence we have obtained 15 sufficient and appropriate to provlde a basis for our opinion. Concluslon5 relatlng to 8oln8cwcern In auditing the financial statements, we have conduded that the Cotsnol of mana8ement's use of the goln8 concern basis of accountlng in the preparation of the financial statements is appropriate. Based en the work we have performed, we ha¥e not Identthed any marial unrtaIntleS relatln8 to events or conditlens that, individually or collectively, may cast Significant doubt on the charivs a'litY to Conilnue a5 3 8oin8 concern for a perlod of at least twelve months from when the financSal statemenis are authorised for issue. Our responsibi1Sties and the responslbi1Sties of thecrwjncll ol mana8ement th respectto 8oln8concern are de5crlbed In the relevant sectlens of thls report. Other Informallon The other Infermation Cemprises the information included in the annual report other than the financial statements ènd our auditor's report thereon. The Council of mèna8ement are responble lor the other information Contained within the annual report. Our oplnlon on the financial statements does nor Covei the other Informaln and, exp1 to the extent otherwise explicitly stated In our report. we do not express any form of èssurance conclusion thereon. Our responsibility IS to read the other information ènd. In dolng so, consider whether the other information is materially inconsisient with the finantial ststements or our knowledge obtèined in the course of the audit. or otherwise appears to materially missuted. If we K*Thtify such maierial inconsistencies or apparent material misstatements. we are required to deterrnine whether this Bi¥es rise to a material misstatement In the financial ststements themselves. If. based on the work we have performed. conclude that there is a material misststement of thi5 Other information, we are required to report thar fact. We have nothing to report in this regard. Oplnlons on other matters prescrfbed by the Cornpanles Art2r In our opinion, based on the work undertaken In the course of eur audit". the inforrnation given in the Council of rnanagement'5 report. which include5 the directors. port prepared for the purposes cornpany law, for the financial year for which the financial slatetnents are prepared 15 consistent with the financial ststements., 3nd the directors, report induded within the Counol of management's report has been ppared in accordance with applicable legal requirements. Matterson whlch we are requlred to report by exptI In the IIEht of the knowledge and underst3ndinE of the charity ènd its environmenr obtsined in rhe course of the audit, we have not identified matenal misstatements In the directtys. report induded within thecouncil OF management's report_
THE LONDON CENTRAL MOSQUE TRUST LIMITED INDEPENOENT AUDITOR'S REPORT {CONTINUEDI TO THE MEMBERS OF THE LONDON CENTRAL MOSQUE TRUS[ LIMITED We have nothing to report in respect of the following matters in relatw to which the Companie5 Act 2Tr)6 require5 U5 to report to you if, in our opinion.. adeouate accounting records have not èeen trpt. crf returns adeqLte forour audii have not been reived from branches not visited by us.- or thè financial ststemÈnts are not in è8rÈÈmÈnt with the attountin8 records and roturns.. or certsin disclosures of tru5tees' remuneration specified by laware not made: or we hève not received all the informètion and explanations we reouire for our èudit,. or the Council of mana8ernent were not entitled to pare the financial statements in accordance with the small companies re8ime and t3ke advantage of the small companie5, exemption5 in preparingthe Council of rnanagernent's report and from the requirement to prepare a Strategic report Re5ponslblllt4es of Councll ol management As explained more fully in the Statement of Council 01 Management's Responybilrties, the Counol of m3nagement, who are a150 the directors of the charity for the purpose of compan¥ law. are responsible for the yeparation of the financial 5tJtement5 3nd for being satisfied that they wve a true and fair wew, and for such intemal control as the directors determine is nece55ary to enable the preparation of financial 5tatement5 that 3re Iree from matenal mi55tstement, whether due to fraud or error. In preparing the financial ststements, the Council of mana8ement are Sponble for a5sessin8 the charity'5 ability to continue 35 a going concern, disclosin8, as applicable, motters related to goin8 conr and usin8 the goin8 concern ba515 of accounting unle55 the Council of rnon38ement either intend to liquidète the company or to cease operatiorb5. or have no realistic alternative but to do 50. Audltvr's r¢5ponslbllltlesfor the of th¢ fln•nd•l stslefflents Our objettives are te obtain reasonable assurance about whether the flnanclal statements a5 3 whole are free from material mlsstatement. whether due to fraud error. and to issue an auditor's report that includes our opinion. Reasonable assurance 15 a high level ef a95urance but Is not a guarantee that arb audit conducted in accordance with ISAS IUKI will always detect a material misstatement when It exists. Misstatements caTr arise from fraud or error and are considered material if, Indivldually or In the a86re8ate, they could reasonably be expected to infiuence the economic dec15ions of v5er5 tsken on the basis of these financial ststements. Irre8ularitle5, includin8 fraud, are instances of non-rompliance with IM and re8ul•tis. We design PTocedures In Ilne with our responsibilities, outlined ab¢)ve, to detect materiél mi55ta¢ements in re5pert ol irregulorities, includin8 fraud. The extent to which our procedures •re up•ble otdetertin8 irre8ularities. in¢ludifi8fr¥ud. isdetsiled below. A5 part of our pl•nnin8 pro¢ess'. WÈ Ènquired of rnèna8ÈmÈnt the sy5tÈrns and tontrols thè tharity has ifi platÈ, the aa& of the finèntial ststÈmÈnts that are m05t sustÈptible to the risk of irre8ularities and fraud, and ¥vhÈtherthere was any known, 5USPÈCted or allÈ8èd fraud. We obtained èn under5tandin8 of the le8al and re8ulatory frameworks applicable to the charity (The Chèritie5 SORP. FRS 102, The CompaniÈ5 Aci 2(Q61. We considered the in£ÈntNes and OppnitIeS that exist in the charity. indudin8 the extent of mèna8ement bias, whlch present a potential for irrÈ8ularities and fraud to be perwuated. and tailored our risk èssessment accordin81y. Using our knowledge of the charity, tO8ether with the discussions held with the charTty at the plannin8 Sts8e. we fermed cenclusien on the risk of mlsstatement due to irregularities SncludinB fraud and tsllored our precedures accerdlnÉ to this risk assessment. The key procedure5we undertook to detett irreBularltles Indudlngfraud durlngthe course of the audrt Induded.. Idenrifying and testingjournal entries and the overall accouniing records. in particular ihose that were significant and unusual. Reviewingthe financial 5tarement disclosures and determining whether accounting policies have been appropriately applied. Assessingthe extent of compliance, or lack of. with the relevant law5and regulations. Testing revenue for evidence of management bias. Performing a physic31 verific£tion of key assets. Obtaining third-party confirmation of material b3nk and in5*5tment balan5. Documenting and verifying all signrficant related party balances and transartions. Reviewingthe minute5 of the Council of Management.
THE LONDON CENTRAL MOSQUE TRUST LIMITED INDEPENOENT AUDITOR'S REPORT {CONTINUEDI TO THE MEMBERS OF THE LONDON CENTRAL MOSQUE TRUS[ LIMITED Owing to the inherent lirnitations of an alt. there 15 an unavoidable risk th* we may not have deterted some material isstatements in the financial Statements even thou8h we have PToperfy planned and performed our audit in accordance with auditln8 Stand3rd5. The primary re5POll5ibility for the prevention and detertion of irre8ularities and fraud rest5 with the those charged with governance of theeritty. A furthèr dÈscription of our responsibilities is 3vèilèblÈ OTh the Finantial Reportin8 Council's website at.. https..Ilwww.frc.or8.uk/ 3uditorsresponsibilities. This description foTms part of ouf auditOT'S report. Use of our report Thi5 report is rnade 501ely to the charitableccmpaThVs members. as a ty. in acCordanceth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work ha5 been undertaken so that we mi8ht state to the charitable company s mernber5 those matters we are required to state to them in an auditor5. rewrt and for no other purpose. To the fulSt extent permitted by law, we do not accept or a$5ume re5pon5ibility to anyone other than the rharitable rornpany and the charitable company'5 membpr5 a5 a body, for our audit work, for thi5 report, or forthe opinion5we have frymed. off Oltton Thornely ISenl0rSL•tw Audltarl for and on tself of HW Flsher Audlt Chartered Accountants Statutory Auditor Arre House 11-15 WS11iam Road London NWI 3eR United Kingdom 28 Aug 2025
THE LONDON CENTRAL MOSQUE TRUST LIMITED ATEMENT OF FINANCIAL A1VITIEs INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Currentfinanclal year Totsl Total thjnds lund5 yneral delznated 2024 fund5 2024 2024 2023 Notes Income and endowrnents Irorn- Voluntary income Incomin8 rewurces from charitable I.5(.(Y1 26.207 1,532,298 1,184,870 6.229 424.553 310.276 6,229 424,553 310,276 5,327 373,650 264,293 2,865 Other trading aCtItieS Investment and rental Income Other incornin8 resources Total Intom* 2.247.149 26.207 2,273,356 1,831,005 endlture on.. 1.685.314 203.613 26.187 1,921,114 1,861,569 Net losses on Snve5tments 12 185A621 185,8621 144,1041 Net IncomInltY1l resotsrces bÈltre trnnslers 475.973 1209,6131 20 266,380 174,6681 Grosstransfers between funds 142.0831 42,083 Net Incomlngllout8oln81 resource5 433A 1167,5301 20 266,380 174.6681 Other recognlsed 8alns and losses Other losses 13 11.6751 11,6751 Net mo¥ement In fvnds 432.215 1167,5301 20 264,705 174,6681 Fund balances at i January 2024 2.491.653 6,201,617 217.S71 8,910,841 8,985,509 Fund lanCes&t 31 December 1014 2.923 6,034,087 217.591 9.175,546 8,910,841 The Statement of financial aCtiltieS include5 all 8ain5 and1055e5 reco8rbi5ed in theyear. All income and Èxpendtture dÈri¥e from tontinuing aCtIties. The statement of financial athwties also complies with the requirements for èn Irome and expenditure account under the Companies Att 2W6. 10-
THE LONDON CENTRAL MOSQUE TRUST LIMITED ATEMENT OF FINANCIAL A1VITIEs ICONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prfor financial year ReArftted funds Tthl lund5 general 2023 fund5 desl8nated 2023 2023 2023 Income and endowrnents Irorn- Voluntary income Incomin8 resources from charitèbleattivities Other trading activities Investment and rental Income Other incomin8 resources 1.163.794 5,327 373,650 264,Z93 2,865 21,076 1,184,870 5,327 373,650 264,293 2,865 Total br¢m4 1,809,929 21,076 1,831,005 endlture thi.. 1,628,151 207.127 26,291 1,861,569 Net losses on Investments 12 144,1041 144,1041 Net InEomlnglloutyln81 resourEe5 belore irans 137,6?4 1207.1271 15,2151 174,6681 Gross transfers between funds 1119,6911 119.691 Nel Incomlng/lout8olnBI resources 17,983 187,4361 15,2151 174,6681 Net movement In fvnds 17,983 187.4361 15,2151 174,6681 Fund balances at i January 2023 2,473,670 6.289,053 222,786 8,985,509 Fund 1•£¢50t 31 December 2013 2.491,653 6.201.617 217,571 8.910.841 The stemÈnt of financial ath¥ities includes all gains and losses reco8nised in theye. All Income and expenditure derNe from continuin8 actilIes. The statement of financial activie$ also complie5 With the requirements for an income and empendlture account under the Companies Act 2W6.
THE LONDON CENTRAL MOSQUE TRUST LIMITED BALANCE SHE ASAT31 DECEMBER 2024 2024 2023 Flxed assas Tangible assets Investments 6.(P32,748 770,479 6,260,276 856,341 6A63.227 7,116,617 Currefit assets Debtors Cèsh at bank and In hand 17 167,249 2,405,117 93,228 2,017,251 2.572.366 1235,lYI 2,110.479 1285,8301 Cr¢dllors'. •mourrts lallln8 wlthln y¢•r Net current asseis 2.337,232 1,824,649 Total assets less current Ilabllllbes 9.2CKS,459 ,941,266 Crediiofs.. amounts lallln8 due after moreth•h one yr 19 124,9131 130,4251 Net auets 9.175.546 ,910,841 Income fvnd5 Restricted funds Unrestricted funds Designated funds General unrestricted funds 217,591 217,571 21 6.034.(87 2,923,868 6,201,617 2,491,653 8.957,5 8,693,270 9.175.546 8,910,841 28 AWJ 2025 The financial statements wÈre approved by the Council Of Mana8eMÈnt......................... P. AQ-J Al P Dr A Al.Dubayan Trustee Company Re8iStrati•n No. 442394 12_
THE LONDON CENTRAL MOSQUE TRUST LIMITED ATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Noies Cash flowsfrom operavni Cash 8enerètÈd fromllèbsorbÈd by) operations 24 125.188 1120,7371 InvestlnÉ att11e$ Purchase of tangible fixed as5et5 Proceeds on disposal ef tan8ible fixed assets Investmènt income reteNed 142.0911 1117,3501 26.101 264,295 310.274 Net tash yner•tedfr+Jm Invest1 *rtl¥btbÈs 268.191 173,046 Flnanelni arti1e5 Payment of obligations under fin•nce leases 15.5131 16,4551 Net ush used In 15.5131 16,4551 Net Increase In t•sh and ush eqtslvalents 387.866 45,854 Cash and cash equlvalents at beglnnln8of yeai 2.017.251 1,971,397 C•sh and rJsh eqUI¥aleThts end olyear 2,405,117 2,017,251 13-
THE LONDON CENTRAL MOSQUE TRUST LIMITED NOTES TO THE FINANCIAL ATEmENTs FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ounting poll¢ie5 Cornparry informatian The London Central Mosque Trust bmited is a private compary limited by guarantee incorporated in England and Wale5. The rewstered office 15 146 Park Road, London. NW8 7RG. 1.1 Accountlngconventlon The flnanclèl statements have been prepared accordance wlth the charity's memorandum ènd artlcles. the Companles Act 2006 and'Accounting and Reporting by Charities.. 5tatemeni of Recommended Practlce applicable to charities preparing their accounts in accordance with the Finartcial ReportinE Standard apICable in the UK and Republic of Ireland (FR5 1021 leffectlve l January 20191" The charity isa Public Benefit Entity as defined by FR5 102. The financial 5tatement5 are prepared in 5terlin& whith is the funcbonal currency of the charity. Monetary 3mount5 in these financial statement5 ère rounded to the nearest £. The financial ststements have been prere0 under the historical c05t convention. mo(lified to indude inve5tment5 at foir value. The prlncipal 3ccountin8 policie5 adopted are 5etout below. 1.2 fj•ln8 ton¢n The Council of Management continue to take steps to restore the charity's reseryes through various measufe5 including attracting donations through the entity'5 online platform, allowing wsitors to donate via contactle55 payment machine5 and more. The measures the Council of Management have iaen has proven to be succe55ful and are confident that the charity can continue a5 a goin8 concern having a reasonoble expertatiorb that the charity h35 adequate free reserves and resource5 to ontinue in operation for the foreseeable luture. Thus, the Trustees continue to adopt the goinaconcern bJ5is of accounting in prepèring the finan¢i•l ststtments. 1.3 ChDrltable fund5 Unrestritted funds are 8enefal fundsthat are available lor use atthe discretion ol the Counol of Management in furtherance of the objectives ef the charity. Oeslgnated funds reflertthe fundSn8 olthe chariws tan8ible fixed assas. and are therefore not available for expendlture. Restrlcted funds are subject to specific conditionsty donors as to how they may t* used. The purposes and uses ofthe restricted funds are set out in the notes to the financial ststements. 1.4 Incomlm8 resources Income is recognised when the charity is legally entitled to it after any perfOrmanr0nd1t•onS have been met, the amounts an be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Orher donations are recognised once the charity has been noiified of the donation. unless performance conditions require delerial of theamount. Income tax recoverable in relation to donations received under Glft Aid or deed5 of co¥en3nt is recognised at thetime of the donat. Legacles are recognised on receipt or herwIse rfthe tharityhas been noiified of an Impending disrriburion, the amount15 known, and receipt is expected. If the amount is not known. the le8xy is treated asa contln8ent asset. 14_
THE LONDON CENTRAL MOSQUE TRUST LIMITED NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pulicie5 Icontinuedl 1.5 Re50urce5 expended Expenses are included in financial ststemÈnts as they betome due. Expenses Include VAT ¥vhere èpplicable as thecompènycannot redaim it. Costs of generatin8fund5 are those costs iThcurred in attractin8voluntaryinryJme. in particulargrant fundingand the costs of rnaintainins the charty's profile within the settor. Expenditure relatingto Runnlng the Mosque afe tements of expendituredirectlyinturred In performlngthese aCtItIes. Support costs cemprise costs Incurred dIreCt support of expet)diiJre ot) the objects of thecharity and are èllocated to the one charitable actlvlty. Governance costs include those costs Incurred in the govemance of thecharity's assets and are prlmarlly a550ciated with constitutional and Statutory requirements. 1.6 T•n8lble flxed I15 Tangible fixed 355ets are initially meawred at C05t and 5vb5equentty measured at c05¢, net of depreciation and any impairment105ses. Depreclation15 recoRnlsed so as to write off the cost ol assets le55 tlf iesidual values o¥er their useful Ilves en the fellowln8 bases.. Land & freehold property Fixiure5, fitting5 & equipment Metor vehicles 10- IC#Jyears strai8hr line on cost lo >tar5 str0i8ht line ¢fi cost 10 ar5 straight lineon cost Freehold land Is netdepreciated. The 8Èin or10ss Èrisin8 on thÈ di5posèI of am èssÈt is deterrn1n as thÈ diffÈrÈntè betweefi the net sale proceeds and the carryin8vèlue of the asset, and 15 rècognised in net incomellexpenditurel for the year. 1.7 FIMed a55et Inve5tfflerrt5 Fixed asset investments are Initial measured èt iransartion price excludin8transèttion costs. and are Subsequent meèsured at falr value at each reporting date. Changes fair Valueare rem8nlsed In net IncomellemndItUrel for the year. Transartlon cost5 are expensed as Incurred. 1.8 Imp•lrment olflxed asstts At each reporting end date, the charity review5 the carrying arnounts of its tsngible 355ets to determine whether there 15 any indication th3t those asts have suffered an impaimient loss. If any such indicatw exist5, the recoverable amount of the asset 15 estimated in order to determinethe extent of the impairment1055 lif anvl. 1.9 Cash and fash equlvalents Cè5h and cash e¢uivalents include cash in hand. dep05it5 held at tall Trmth banks. other short-tÈm) liquid investment5 With oriwnal maturities of three monthsor less. 15-
THE LONDON CENTRAL MOSQUE TRUST LIMITED NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pulicie5 Icontinuedl 1.10 Flnanclal Insrrumerfs ThÈ charity has elected to apply thÈ k¥owsions of SÈtt•)n 11 'Basic Finantial Instruments, and Settion 11 'Other Finantlèl Instruments Issues, of FRS 102 to all of its finantial instruments. FSnancial Instruments are reco8nlsed In the charlty's balafft sheet when the chartty be£omes party to the contractual previsions of the instrument. Financial assets and liabilities are offset. wtrth the net amounts presented in the financial ststements. when there is a leEallv enforceable right to set off the recognised amountsand there is an intention to settle on a net basis orto realise the asset ènd settle the liability ymu1taneou¥. Basic financial assets, whSth Indude debtors and osh and bank balances, are Inltlally measured at transattion prlce Includlng transactlon costs ènd are subsequently cairied at amortised cosi using the effertive interest method unless the arrangement constitutes a financing trènsactjon, where the transaction Is measured at the present value of the future reiptS dlscounted at a market rate of interest. Financial asset5 classified as receivable wthin one year are not amortised. Bèsic fin3ncial lièbilities, including cieditois, are initially wised at transattion pri unless the arrangement constltutes 8 financin8 transadion, where the debt instrument is measured at the present value of the future reIPtS discounted at a market rate of interest. Financial liabilitiesclassified as payable within one year are not amortised. Debt Instruments are Subsequent carrled ai amortised cost, unatheeffeUlWe Interest rate method. Trade credltors are ebll8atlons to pay lor goods or services that have teen acqulred In the ordlnary course ef operatlons from suppliers. Amounts payable ale classified as current Iiabilifies if payment is due within one year or less. If not, they are presented 35 nen-current Iiabilirie5. Trade creditors are re(08ni5ed inrtialty ai transatt Pri and subsequendv measured at arnortlsed cost U51n8the effective Irlterest merhod. 1.11 Employee benefits The cost of any material unused holiday enttdement isfeco8nised in the period in which the empbyee's servlces are reived. Termination benefits are reco8nised Immedlate as an expense when the charfty Is demonstrabW commltted te terminate the employment of an employee or to pthde termination benefits. 1.12 Leases Lea5e5 are tla5sified as fin3n£e lea5e5 wheneveT the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. Al other leas are c1è55ified a5 operating leases. Assets held under finance leases ère reco8nised a$ assets * the lower of the assets fair value * the de of inception and the present Yalue of the minimum lease payments. The reied lièbilrty is included in the balance sheet as è finance lease obligion. Lease payments are treated as consistin8 of capital and interest elements. The interest is charged to net incomel le%pendlturel for the year so as to produce a constsni per1£ ra of inierest on the remainlng balance of the Iiabillty. 16-
THE LONDON CENTRAL MOSQUE TRUST LIMITED NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Crltiral accountingestirnates and juments In the application of the chafity'5 accouTrting Fx>licies, the (nE11 ol management are required to make judgement5, estifnate5 arid a55UmPtions about the carryin8 amount of a55et5 and liabilitie5 that are not readily apparent from other source5. The estimates and associated è5SUrnPtions are ba orb historical experience and othef factors that are £onsidered to be relevant. Attual results mty differ from theseestimes. The estlmates ènd underlyingassumptions are on an on80in8 basis. to accounting estimates are recognlsed in the perlod In which the estimate is revised whe the revision aflerts only that period, or In the period of the revislon and future periods where the reOn affects both current and fulure periods. There were no material critical accounting estimates orludgements made in either vear. vUlry Income Unreslvlrted Ae5tr1rted rtds futhds Beneral 2024 Totsl Unrestricted funds general 2023 Flestrirted funds Totsl 2024 2024 2023 2023 Donations and glfts 1.506.091 26.207 1.532.298 1.163,794 21,076 1,184,870 InroffllnB r•50uru5 from ¢h•rtt•ble Income from Income from IeIre leS Ilterature 54les 1024 2023 Sales wkhln charltable actiwtles 6.229 5.327 Othertradlns rtlNltbts Unrestrlcted lunds 8eneral 2024 Unrestrictod funds general 2023 Weekend scheol fee5 Arabic classes Maritsl services and holl bookin85 Other attivities 150,709 28,726 208,045 37,073 144,351 34,080 167,427 27,792 othertradingactSvities 424.553 373.650 17_
THE LONDON CENTRAL MOSQUE TRUST LIMITED NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Investmentand rental Income Unrestricted Unrestricted lunds 8ener41 2024 funds general 2023 Rental income Intome from list investments Interest receivable 236,503 29,981 43,792 235,505 28,788 310,276 264,293 Other Incomln8 resources Total Unrestricted funds 8eneral 2023 2014 Net gain gn disposal of tnb* fixed assets 2,865 18-
THE LONDON CENTRAL MOSQUE TRUST LIMITED NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Cth•rltsbleactkntJes Runnin8 of the Runnin8 of the M05que M054ue IOZ4 ZOZ3 Staff costs Depreciation and impairment Cultural Events. education ènd relief of hardship Ll8ht and Heat Postage Telephone Bad debt5 289.386 209,613 291.468 199,757 6,118 15,346 120 7,437 71,712 26.737 32,360 3Q3,475 32,509 255,613 207,127 229.898 279,109 2,244 13,709 13,849 121,732 26,003 30,318 337,175 25,371 Repairs antl M•intenan¢e Insurance Rates Security. le1 and professlonal Sundry 1,486,038 1,542,148 Share ef support costs (see note91 Share of &erDance costs (see note91 408,684 26,392 299,421 20,0(KJ 1.921.114 1,861,569 Analy515 by lund Unrestrlcted funds- general Unrestricted funds- desi8natsd Restricted fund5 1,685.314 209,613 26,187 1.628,151 207,127 26,291 1.921,114 1,861,569 19-
THE LONDON CENTRAL MOSQUE TRUST LIMITED NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support ¢9sts ZOZ4 Support costs Gevernance costs 2023 Staff costs LeB314nd professional Prlntin& statlonaryand 162.535 183.736 162,535 183.736 144,194 132.090 144,194 132,090 36.345 36,345 22,071 22,071 Travellin8 and motor expenses Other costs 21.415 4.653 21,415 4.653 1.066 1,066 Audit fee5 26,392 26,392 20,(X)O 20,OCKJ 26.392 435,076 299,421 20,tx)o 319,421 Analysed between Charitsble actywtie5 26.392 435,076 299.421 20,L 319,421 Governance costs Include payments to the audsiors of £26.39212023.. É20,COJI for audSt fees and £nll12023 - £nill for other senflce5. 10 Councll of m•n•gement Other than the Dirertor General, re of the membef5 01 the Council of manaMent lor ary person5 connected wlth them) received 3ny rernuner3tion or benefits Irom the charitydvrin8 the year. The Dirertor General 15 provided with rent free a¢<ommodation •t the Londw Cen¢r¥l Mosque & 151¥mic Cultural CeTht. The m•rket rentél voluefor this •¢¢tynmod•tiw isestirn•ted to be £87.240 per annum. During the year the were no trustee expenses in¢yrred12023.. Ér11. -20-
THE LONDON CENTRAL MOSQUE TRUST LIMITED NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 li Employees Number of employee5 The average monthly number of emplow durinRthe¥ear was= 2024 Number 2023 Number Runnirig otthe Mosque Support 28 32 12 li 43 Employment costs 2014 2023 Wa8es and sèlarles Social Security costs Other penslon costs 418.9Y 27,684 5.283 372,609 22,255 4,943 451,921 399,807 The trustees, represented by ambèssadors ènd Dr Ahmed are tonsidered to be the senior mana8ement teèm. None of the ambassadors or Dr Ahmed receive remuneiation from the Mosque for their services. Dr Ahmed is pèrtially sponsored by the Ministry of Islamic Affairs of Saudi Arèbiè. There were no employees whose annual remuneration wès £60.th)or 12 Net1055es or* In¥e5tments Unresvbued funds 8eneral 2024 Unre5trlcted funds general 2023 Revaluation of investments 185,8621 144,ID41 Other8aln5 or losses Unre$tted lunds general 2024 Total 2023 Foreign exchange gain5 1,675 21
THE LONDON CENTRAL MOSQUE TRUST LIMITED NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Tan8lble fixed asset5 iaThd &freehDkl Flxtuies, ffttlTh85 Alotor¥ehkles Iwoperty &e9ulweTht Total Cost At I january 2024 Additlons 10.032,950 626.353 42,091 123.8991 50,775 10.710,078 42,091 123,8991 At 31 December 2024 10,032,950 644,545 50.775 10,728,270 Deprecbllon and Impalrnwnt At I january 2024 Depreciation thar8ed in the year liminated in respect of di5P05als 3.988.471 169,325 456,251 35,210 123A911 5,078 5.078 4.449,800 209,613 123,8911 At 31 December 2024 4,157,7% 467.570 10,156 4,635,522 C•rrylns •rnount At 31 December 2024 5.875.154 176,975 40.619 6.092.748 At 31 December 2023 6,(144,479 170.102 45,695 6,260,276 The London Central Mosque Trusi Limited holds as irustee the property at Re8ent's Lod8e whlch is subject to certaln restrictlons imposed by the Commissioners of Crown Lands. authority for full conirol of thls land rests wlth the crown. The London Central Mosque is required to pty a vearty rate io the Crown Estate Pawing Comm1s510n CEPC for the ranBe of services previded by the CEPC for the domestic and bjsiness re%dents olthe Re8ent's Park estste. Flyed a55et In¥e5tffler io 2013 sled investmènts 770,479 856,341 Movements In fixed asset In¥estments Shares C05t or lUatIon At I January 2024 Valuation chan8È5 856.341 185,8621 At 31 December 2024 770,479 CarrylnE amount At 31 December 2024 770,479 At 31 December 2023 856,341 -22_
THE LONDON CENTRAL MOSQUE TRUST LIMITED NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Flnanclal Instruments 2024 2023 Carryin8 arnoulltolfirbancial a55et5 Equity instruments measured at fair value 770,479 856.341 17 Debtws 1024 2023 Amourtslallin8 due within ce •T= Othèr debtors 167,249 93,228 18 Credltor5'. •mount5 lalllng due wtthln 47ne ye¥ 2014 2023 Obliwions under finance leases Other creditors Accruals and deferred income 5,512 75,761 153,861 5,513 164,772 115,545 235,134 285,830 The accruals and deferred income bèlance ifitludes deferied incomè of £103,06612023.. £91,545> which relètes to weekÈnd school fees which ère received in advance for the academic year which runs from September to July. The prior year deferred income wès releèsed in full in the current yeaf. 19 Crediiors: amountshllln8 due after moreth•h oneyear 2024 2023 Obli8atlon5 under finance lea5e5 24,913 30.425 -23-
THE LONDON CENTRAL MOSQUE TRUST LIMITED NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Restrlrted fvnds The income funds of the chartty include Testricted lund5 cornpri5in8 the fDllowng unexppnded balances of donation5 and 8rant5 held on tru5tfor specific purw)ses'. Movement Im lunds <omir Movtmert In funds Incoming Resources resources eyended Balance at I lanuaryl0ZJ B•Linceat expeThled IJIThry 1024 8alJnce at JI Decernbpr 2024 Muslim Relief fund Proje£t/Care of Muslim prlsoners Pvblications nd 129,540 21.076 125.7091 I24.? 26.207 123,4341 127,680 23,548 15821 22.966 18501 22,116 8,383 8.383 11,5201 6,863 Muslim cemeterv New Musllms Project Renovation work5 58,659 58.659 58,659 383 383 13831 2,273 2.273 2,273 222,786 21,076 126.2911 217.571 26.207 126,1871 217,591 Muslirn Rellef fund. thls15for use in disasters affecting Mu51irn people worldwide. Proiertlcare of Muslim Pri50ners- thi5 sum is to 80 toward5 helpin8 Muslim prisoners to buy books, helping their f3mllie5 and also helpin8 them when they come out of pri50n to settledown too normal life. Publitations Ènd distributions- this morw is lor WTitin8 and publishifi8 btsoks by Centre. It is also te be used to buy books for free di5tributionsto the generèl public. Muslim CÈmQry- this i$13nd hÈld to provide a cemÈtÈry lor M1m burials. This is not in use. New Muslims Project- this money is to used for the New Muslim program boin8 run at the Centro er outside for lunch, books, p3wn8for speakers and equipmÈnL hall bookn'n8and so on. Renovatien works- this amount isto£ontribthe to the renovation of the Mosque. -24_
THE LONDON CENTRAL MOSQUE TRUST LIMITED NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 DeslBnated funds The income funds of the charity iTrclude the1ollow1ngde¥nated Mnds which refiect the funding of the charity'5 tangible fixed assets, and are theOre not available for expenditure.. Balance at I lanuaryl0ZJ TraTAle BaLinceat IJIThry 1024 Resources expended Transfers 8alance at JI Decernbpr 2024 Fixed assets fund 6,289,OS3 1207,1271 119,691 6,201.617 1209.6131 42,083 6,034,087 6,289,053 1207,1271 119.691 6,201,617 1209.6131 42,083 6,034,087 The flxed asset fund Is the net book value of all assets held which are not restricted. The transfer represents the net mevement in addirion5 and depreciation on the unrestricted assets for theyear. -25-
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THE LONDON CENTRAL MOSQUE TRUST LIMITED NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Related partytransactiry Durin8 the year amount5 recen fTom countrie5 on the Council of Mana8ementtotalled £lk12023.. E76kl. sh 8enernted fr¢)m operatlon5 2014 2023 Surplu5lldefiotl forthe ar 266,380 174.6681 Adjustments for.. Investment and rentèl In£ome recognlsed in stement of flnandal actItIeS Foreign exchange difference5 Galn on dlsposal of tangible fixed assets Falr value gains and losses on inwe5tments Depreciation and impairment of tanwble fixed assets 1310,2761 11,6751 1264,2931 12,8651 44,104 207,127 85,862 209,613 Mevernent5 in Workin8cats1.. Ilncreasel in debtors IDecrea5el in £reditor5 174,0191 150,6971 110,9061 119,2361 C•sh 8wer•ted fromll•bswb¢d by) wr•ii¢Jns 125,188 1120,7371 25 AnlWs ol Im nèt funds At ll•Trry 2014 Cash flo4 At 31 DuernbEr Cèsh èt bènk and in hand 2.017.251 387.866 2,405,117 Obli8ation5 under finance lea5e$ 135.9381 5,513 130,4251 1.981.313 393.379 2,374,692 -27_