2022-03-31-accounts

Company registrdrioll number. 00961846 Charity registration number.. 259545 The Birn]ingham Mosque Trust Limited {A compaoy limited by 8uwt¢e) Ann￿1 Reportatsd Financial Statements for the Year Ended 31 March 2022

The Birmingham Mosque Trust Limited Contents Rdercncc and Adminxsttative Detsits 1tt>2 Tntstees and Directors, Re￿rt 3to8 Sraiement of Trustees, R￿[A)nsibili[1eS Ittdependellt Auditor Report 10 Sra¢ement of Financial Acrivities 13 Balance Sheet 14 Notes to the Financial Statemen¢$ 15to27

The Birmingham Mosque Trnst Limited Reference and Administrative Details Trnstees Abdul Rakeeb Yahia Abdul Razaq Abdul Rehman MaluniM)d Ahmad Makbdoom Chisbti (Appointed 01110122) Dr Khurram B&shir (Resigned 01110,'22) Dr Mahmoud Akh¢ar (AppoiTht¢d 01110122) Dr Molwnmed Hanif Jav¢d Iqbal Aziz Mahmood Ahmed Maqbool Ahmed Mohammed Akram (Appoillt￿ 01,'I0122} ol)anuned Hasham Mohammed Najib Mohammed Najib Mr Abdul Mannan Bhatti (R¢sign¢d 01110122) Mr Allah Ditta (Resigna 01,10122) Mr Muhammad Sarfraz Madni (Resigned 01110122) Muharnmad Afzal (Chair) Muhammad Mohiuddin Qamar Munir Ahmed Raza N&ss8r Mahmood (Ap￿)Inted 01110122) Niaz Ahm¢d Sajawal Khan Tahir Mahm(x)d Alam Tariq Hu&sain PTln¢lp41 Offlc¢ 180 B¢lwdV¢ Middl¢wiy Highgate Birniinghg West Midlands B120XS CompaDy Reglstr•tloll.Yumber OC861846 Cts&rlty RegIJtr8tlo￿ Llllmber 259545 Page I

The Birminghydm Mosque Trust Limited Reference and Administrative Detalis B¥nktrs Al Rayan Bank 24a ca1th0￿e Road E4Jgb￿ton Birningham West Midlands B15 IRP United Bal￿ UK 391-393 Stratford Road Sparkhi]I BirniinEham Westmidlandg B114JZ Independent Audltor Naeem Shareef Shareef & Co Charfered Accountants 18-22 Stoney Lan¢ y￿dleY. Bim)in8hom B25 8YP

The Birmingham Mosque Trust Limited Trustees and Directors, Report The trusrees, who are directors for the purywseJ of company law, present the annual report together with the rinartcial statements and audiiors, report of the charitable company for the y¢ar ended 31 March 2022. The BlnnlnghAm Mosque Tru&t Llmlt¢d Th¢ BinninghBm Mosque TnL8t Limited (BMfL). maoages tbe Bmingham Central M05qu¢, which is located in th¢ heart of ETLgland's Second biggest city BirtninghAm. Birmitigham Cenrrdl Mosqu¢ is the sec<)lld purpose buili Mosqu¢ in the L￿. In early 1970 it opened its doors for the Binningham community as a place of wors￿"p. Birmingham Central Mosque is n￿10nd]lY known for feference and advocacy of Muslimi and Islamic issues, Since lh¢ mosque was builL li has become a focal point for the Bimiingham Muslirn cornmuniLy. Over ihe years, Muslim$ and Non-muslims have used ihe mo4ue's premises for events such &5 rn¢¢ting5, lectures. studies, ¢ommunity And edUc￿lOnal purpos￿. Objectivei lld Aetivltle8 Objects andaims to advance th¢ reli8iott of l$18m for th¢ bett¢fii of the public by. but nor limired to. the holdiD8 of prayer meetings. l¢cture3. publi¢ ¢elebr4ti0n of religious festivaLs. weddin8s. exhibitions and luneral 5ervice5 . the provision ond nwintenatt¢e of pl&¢¢s ofpubii¢ religious worship by persons professing the rehgion of Isijm . the provision And m4irtttatt¢e offfli8iou$. ￿￿¢1¢19￿&1, so¢ial and cultural centres and otherplaces of study . the proi'ision and maitltertance of cemeteries and burial Pla￿S for the burial. in xcor(lanc¢ *ith Islatnie rites, of persons profe$$in¥ the religioo of Islam producin8 andlor distributing lileraiure on Islamic belief and practice to belp eDligbteft oibers Abo￿ the religion of Islam: the advancetnent of religious educ￿10￿ in accordaTrce ￿'1th the twbings of l$lAm . the promotion of religious harniony for the benefit of the publi . thc rcli¢f of tK)verty grtd those in n¢¢d in a¢¢oYdallce with the teacbings of Islam in such w8ys as MAY be thou8ht fit Publle bthefif The tsustces confirni that they have complied with the rcquirerncnts of s¢cIioD 17 of the Charities Act 2011 to bave due regard to the public benefir guidance published by the Charity Commission for England and Wales. Page 3

The Birmingham Mosque Trust Limited Trustees and Direetors, Report A¢hlev¢m¢nt5 &nd performance ort ervie This departtnenl deals with family problerns and rnaTitsi issues. It endeavows to resolv¢ problematic iSgU¢S &8 b¢$t 4$ it ¢&n through mediation and Coul￿111n8. SI￿1￿￿ Council The Shariah Council is tbe fiKal point for thice and ￿lStance for seeking r¢ligiou8 ond theological petspective on social. domestic and gen￿1 i59U&%. Facts￿-face and in person meeiirt8s which w¢re $￿pend￿l during the Covid-19 lockdown restriciions have now resumed betwttn the panel of $cholars and affected individuals. The number of s¢holars volLknteering for the face- t￿raCe and in person meetings and the frequency of the rnonihly meeiing5 have been significanily incre￿￿ io manage c4s¢s outstanding due ￿ rhe Coyid-19 lockdown backlog and any new cases regisiered. BMTL facilitates a social 5UPPOrt network for new Muslims. The service 1$ being develo￿1 to cat¢T for th¢ ne¢ds of ttew Mwylim8. Post liftiDg of the Covid-19 lockdowij r¢strictton5, on-site support servic¢s m¢¢tings bas resiarted at th¢ rn04U¢ twice a week. The bupport fuDCtion over Zoom developed duriD¥ the Covi&19 lockdowll is rnaintJined for ease of remote 8cee$s. Interfaith fonjms BMTL participates and intern¢LS O¢tiv¢ly with other f¥ith networks the wrder ¢ommuoity to promote ham)ony. $afeiy and community cohesiott. In r¢¢ogAition of these works. th¢ inmm of th¢ Birmingham Central Mosque - Shaykh Muhammad Asad was awarded OBE as part of th¢ Platirtum Jubile¢ by Her Majesty th¢ Queen. The Birmingham Central Mosque has contirnued to en8&8e actively in ihe tornmuDity beyond. BMTL hosted 8rond itlaar during Ramadan 2022. high profile visits from Jaguar Land Rover (a major employer in ihe city). thc West Midland8 Police Inclusion & DIv￿51[Y lead i¢am 8nd th¢ World Minisierial Sununit on Freedom ofReligion or Belief. i¥ BirtL provides att introduction s¢rvi¢¢ for Muslim men 8nd women of any h¢ritag¢ (British Citiz¢ns or Ind¢fiDitr L¢ave to Stay holders only). Cli¢nts fiAd th¢ir id¢al sP(Fus¢ th¢ Marria8c Bur¢au s¢rvic¢s at thc mosque. Voluni¢¢rs u$¢ a databas¢ of r¢gister¢d pro5p¢rtiV¢ men and wom¢n for ithtrodu¢tions and to initiat¢ m¢¢ting5. Th¢ mosque also provid¢$ rn8rriag¢ r¢gi5trntion s￿]¢¢$ ¢￿¢nting partncrships &ccording to Lslamic and civil matrimony. The mosque is linked with the Registrar of marriage$ for eonthietirtg l¢gall> re¢ognised civil Muslim marriages and issues certificate$ ort behalf of the Regi$trAr. The Marriage Bureall and marrlage registration 8erri¢es it the mosque have now fully re5urn￿ following the lifting of Cowd-19 lockdown re8tri¢tion$. uneral ervices Central Futteral SeNi¢es are specialists in Islamic fimeral rn8ements. The majority of provssions that ar¢ r4uired by the eommunxty are c&trred for. ducation & Tra ices BMTL run$ a supplementary s¢h¢)ol under the umbrella of Birmingham Community &lucation and Training Servi¢¢s {BCETS). Our S¢hiK)l is sthffed with t&ichers experienced in working wth young Children. The supplementary whool C￿entlY teaches Qur'an, Arabic as spoken language, Islamic Studies, and Hifz e Qurf￿. Stsff backgrounds vary to Main￿1￿ diversiry for pupils who must 0￿crI00k differences to underswid the pea￿ful BCETS

The Birmingham Mosque Trnst Limited Trustees and Directors, Report message of Islam and leam differeni languages and values. EducRiion for children with hearin him irment BfvrrL offer special educational Classes for children havins hearing aod sp￿h irnpainn¢rtt. with an Islamic perspective, in parniership with Al-munir FoundaiioD. Fundrnisin for disasters and emer eneies BMTL partners with major UK r¢gisteTed charities to aU¢Niate th¢ suff¢ring of peoplc ttffected by n&tural disasters all around rhe world. Food bank and outreach serviccs BMTL has a food bonk lo¢al¢d olltside on its Premises. The food b8ok h&s s¢¢JJ a si8nxficant risc ill its users during the I￿¢ year and continues ¢0 sUPPQrt the vulner4bl¢ th¢ mosl n¢edy in the heart of Birniingham Ci(y Centre reaching the most needy. A8 part of the outreach projeci iftaar packages were provided throughout the month of Ramadan 2022. F*elMtles M&irt prayer h&ll ClasArooms Library Mortuary Comtnunity. ball Lddies. prayer gallery Lift for disabled a¢cMs Visitors, 88llery Covld-19 Rel•t¢d Actlvttlei: t￿¢ ¢0 the ongoing ¢hallengo of Covid-19 and 8$ a priority to keep ail of BCM safe, BCM has continued to engage witrl all its usets and s¢akehold¢r5 ill cr￿ltig awar¢n¢$$ and ¢A￿urn81￿8 ¢on8r¢8aiion lo tske all medical precauiions for themselves, their families and the comrnuDity'5 safety. Capltal ProJe¢t upd•te: The BMTL has embarked on a largc and extensive constTUrtion project which iuvolvryl th¢ ¢omplct¢ dcmolilion of the froni section of the existing mosque and erection of a Indep￿dent anDU¢ buildEng (with its owu f¥iliti¢s) abutting the exi51ing mosque. The new developrn¢nl provid¢ fa¢ili¢ies for lrninin& eAJu¢4tion, ¢ommunity IN￿raction and ablution f￿111t1eS for I￿leS and gentlemen. Planning pemiission and I￿1]ding regul￿10n5 approvals were granted in 2019 and 2020 respectively &rtd the construction work will be cofflpleted in 5 or 6 phases as follows.. Phase l - Enabling Work {CoDtract £31,570 + VAD - ALL paid bo Retention Ph&8e 2 - Demolition (Contrart £l11,465)- ALL paid No ReteDTiO Phage 3 - Piling, Foundation. Drdittage. Hoors. Stairs & Skeleton Frame. This Phase is fiffther split In￿ 3 sub-phases A. B & C Phw 3A- Piling (Contract £4].0￿)- ALL paid No Retention Page S

The Birmingham Mosque Trust Limited Trustees and Directors, Report Phas¢ 3B- Foundation & Drainage1£83,7591- ALL paid No Rerention (Contr￿¢ £171,773- omitted work £88.014) Phase 3C- Attenuation Drainage, Floor5, Stsir5 & Frame (Contrdci £376,255 pluy additioMI work of £28,324) At 31413-2021, £332,160.19 was paid and the r¢t¢nlion h¢ld is £17.482. Phase 4 - External. Internal. Roof & Extcrnai D￿r51w1nd0Ws (£1.57l.739) Ph￿ 5 - MechallicaL ElectrI￿L Finishas & External Work Phase 6- Itnprovcrnent to the Existing M05que To date. Phases 1, 2. 3A & 3B are complete and paid in full. Work on Ph&¥¢ 3C is alm051 ¢0mpl¢ and Ph￿4 work 1$ on-going and il is s¢heduled to be completed by January 2021TrebTuary 2022. Work on Phasery5 is yet to Commence. FlnAn¢ll revkw DuTing the year. the Mo8qlle rjised £1.34m (2021.. £0.98m) and spent £0.5m {2021'. £0.38ml on charitsble activities, r¢sulting in a net income of ££0.84m (2021: £0.61m). The Mo4ue spent £1.45m (2021.. £0.7m) on fixed asset oddition$. The Mosques total reserves stood At £5.5m (2021: £4.6m), this include geDernl reserves o(£2.7m (2021.. £2.7rn). Poll¢y on ru¢rv¢s After reviewing the immediate medium tern) Tequtrements of The Binningham Mosque Trust Limited (BMTLI, the present level of fundio8 is adeq￿le ts) sup]x)n the coniinuation of the current acriTriti¢s. Plan$ for future perlodj Tbe Chariry will coThtillue its cot)sttvction project and if there are no supply chain issue& the proje¢t is expected to complete in 2023. P4e6

The Birmingham Mosque Trust Limited Trnstees 2nd Directors, Report Golng concern The trysiees consider the Mosque to be a going concenL The position of the year end general reseryes and the ongoing fundraising ￿tiVitieS is sU￿1¢ient to meet the short temi and mediEm) needs ofthe Mosque. Structure, gDvernAnee and man*Eemtttt Induciion 4rtdtr41rt1118 offrysrees ew Trustees undergo a briefing on their legal commitments under chariry law. the content of the Memorandum and Arricles of Association. the Managemeni Committee and decision makjng processes, the businc8s plan and rcc¢ni financial perfornianc¢ of ihe Chariry. New Trusiees ￿50 meet key employees and other Ttustee5. TtU5tees are encouraged w attend appropriate extemal trainin8 events wh¢r¢ th￿e will facilita￿ the undertaking ol. their Tole. Organlsailonalstr4¢thYe Tlte Trust was InCOIPOTated as a lirnited company on I I September 1969. Lt is 8ovemed by a Mernorandum aud Arti¢les of As￿l8tion and is regisier¢d At the Companies House under number 00961846. The Trusttts li.¢. m￿agement Council) are elected by the members of the IDJSt at the Annual Generpl Meeting. They are responsible for the d4y ¢0 day ruuDing of the BMTL. The overall management and control of the ¢lwity 15 the r¢sp)nsibility of the T￿￿t#S who giv¢ their time freely and receive no remuneration or oih¢r b¢nefLts for carryirt8 Out their role. The T￿￿teeS meet on a monthly basis to make op¢rntio￿l de¢i5lOIL% r¢latin8 to the odministration and mana¥emeni of tke mosque ond ¢ommunity ¢¢nire. Key Management Persottn¢l The office bearers of the Charity ar¢ four tristtts ¢le¢t¢d by th¢ Board of TO￿te¢S. Th¢y work with th¢ Mosque Managcr and variou5 Head of dep8rtments for the day to d¥y responstbiliiies of the BMTL. The rcrnuncr3ti￿ ofthe stsff i5 sd bydKOffK¢be￿. Fundrilslng dts¢logure The Mosque rnises fimd9 from its ¢ongregation #tt¢nding weekly Friday prayeT6 and during the month of RamadAn. The IMo8que held spe¢ifi¢ fundrnsing eveots for the building pmject. The Mosqu¢ ￿80 raises fith(ts ttwough its web$it¢. During th¢ y¢8r, the charity has been succ￿h]I in raising fijnds for the building project. Th¢ ¢harity r¢¢¢ived no complaints thiring th¢ year frorn don0￿. Uie of volunteers The Mo4u¢ re￿lar worshipper's volunteers in many of the otWlin8 activities. The Mosque currently around 25 volunteers who partÉcipate in Yarious activities. Finall£i41 instruments Objvclives ￿ndpO&cl

The Birmingham Mosque Trnst Limited Trustees and Directors, Report The charity's activities expose it io a Thumber of ftnancial risks includtng ¢r¢dtt risk, ￿5h flow risk and liquidity risk. The use of financial deriyalives is governed by ihe chariry's policies approved by the board of trusiees, which provide written principles on the use or rioancial derivatives io manage these risks. The ch￿ty does not use deriyatiye financial instnunents for speculative Purpo￿9. Credit Tislt The ¢harity'6 prin¢ipai financial &wt$ I￿ bank balan¢e$ and c&slL trade and other receivables, and iDvestrnents. The charity's C￿111 risk is prirnarily attributable to its trade receiY&bl¢s. The amounts presented in the balance sheet ar¢ net of 41[0￿.an¢¢5 for doubrful r¢¢¢ivabl¢s. An allowance for impairn)eni is made where there is an identified1058 event which. b*sed on previous experi¢n¢e. is evidence of a reduetion in the recoverability of the c&ksb flow5. The credit risk on liquid Ojnds and derivative financial itmumellts 18 limiied because Ibe count¢Tpartie5 are banks with high eredit•ratings assigned by inlernatiottal credi14aiin8 a8ellcie8. The charity has no significant ￿ncentratIOn of credit risL witb ¢xpoyur¢ spread over & large number of counterparties and customers. LlqHldlty rfsk tn order to maintain liquidity to ensure that $utTicient funds are available ftsr ODgoin8 operation5 and futtLt¢ developments, the charity uses a rniiture of long-terni and short-iem) dd)t fitwice. Further detsi]5 regarding ￿"quIdity risk cyn be found ill the Statement of accouDtin8 policies in the financial Statemellts. Disclo$ur¢ of informitlon to •uditor E&Lh trustee has idken steps that they ougbt io have thkeD as a in OTder to themselves 4w4r¢ of wy relevant audii inforn]aiion and to estsblisb thai the cbarily's aUdI￿r is aware of that information. Th¢ tru5t¢¢$ confjrni that there is no relevaDI Infom￿tiOn that they know o(and o(which they know the auditor is unaware. 30.11. The Rnttual rep)n was approved by the trusitts of the charity on.......... and signed on its behalf by.. Muham Truste¢ Page 8

The Birmingh4m Mosque Trust Limited Statement of Trustees. Responsibilities The trusiee5 (who are also the directors of The Birniingham Mosque Trust Limitrd for the pujposes of company law) are responsible for preparing the trnsiees, repon and the financial swements in accordance with the Unit&l Kingdom Accounting Standards (United Kingdom Generally Accep*d Accountin8 Practice) and applicable law and re8UtatioDS. Company law requires the ttwtees to prepore finaneial 5tstements for each financial year. Under company law the ttwtees must not approvc the fjnallcial statetDents unless th¢y ar¢ sarisfi¢d that they give a trn¢ and fair Yiew of the stste of affairs of the eharitsblc cornpany and of its incoming T¢sources and applic8tion of r¢source8. including its income and expendiiure, for that period. In preparing thes¢ financial siatements, th¢ tNstees are required to: sel¢¢t suitable accounring policies and apply them consistently. obsetrrye the meih(MJs alld principle5 in the ch￿1￿¢$ SORP. make jud8ements and estimates that are reasonable and pnthn( stale wherher applicable UK Aecouniin8 Standards hav¢ been followrt Subject to any material departures disclosed and explained in the financi￿ slatemcnis.. and prepaTe the financial ststements on the 80ill8 cott¢em basi$ unless it LS inappropriate to pr¢sum¢ thai the chaTitable company will continue in business. The trustees are responsible for keeping ad¢qu8te accounting records rhat Ere sUtTicieni ro show and explain th¢ Charl￿b]e eompany's tran8action5 and di%los¢ with reasonable accuracy al any time the fmancial Posiiion of th¢ charitable company and enable th¢m to ensure that th¢ fin8ncia] ststements comply with the Companies A¢t 2006. They are Also responsible for saf¢8uarding the assets of the charitable company and hence for thking reAsonable steps for the preventron ond d¢t¢¢tion of fraud and other irregularities. Page 9

The Birmingham Mosque Trust Limited Independent Auditovs Report lo the Members of THE BtRMtNGHAM MOSQUE TRUST LIMITED Opinion We have audited the financial starements of THE BIRMtNGHAM MOSQUE TRUST LIMrrED (the'charitable parent company) and its subsidiaries lthe'group.) for the J'eaT ended J l March 2022. ￿'hICh Comprise the Consolidated Ststem¢nt of Financial A¢tiviti4 Consolidated Balance Sheet, and Not¢5 to th¢ Financial Ststemeuts, ill¢luding a summary of significant a¢counring polictes. The financial rewning framew'ork that been applied in their prepardtion is United Kingdom Accounting Stanijards, comprising ChaTiti¢s SORP- FRS 102 The financial Reporting Stand8rd appli¢8ble in the UK and Republi¢ of Irclgud, and appIl￿ble law (Uni￿1 Kingdom Gencrnlly Accepted Accounting Prdrtice). In OUT OPLnion th¢ financial ytit¢rnents-. give a true and fair view of the Sta￿ ofthe groups and pareTht charity's affair5 at 31 March 2022 and of its incoming resources and appllcation of resources. includin8 Lts iftcom¢ and expenditure. for the year then ettded; h&vc been properly prepaTed iu Accord8ttce with United Kingdom Genernlly Aceepted Aecourtting Prnctice: hJ&'¢ b¢¢n pr¢pur¢d in accordance with the requirements of th¢ Companies Act 2¢￿. Bi$ii for oplnlon Wc ¢onduci¢d our audit in accordance with Int¢mational StllndaTd5 on Audiring (UK) (ISAS (UKI) applicable law. Our responsibiliti¢s under those stand&rd$ are further descrtbed in th¢ Auditor'$ responsibilities for the audit o the finAn¢ial statements section of our report W¢ are independeni of th¢ group irt o¢eordance with the ethical requirements thAt are relevant to our audit ofthe financi￿ statements in the LL includin8 the FRC'S Ethical Standard, attd we have fulfilled our oih¢r ¢thÉ¢al responsibiliti¢$ ln a¢¢ordoD¢e with th¢se ￿quIrementS. W¢ believe that tbe gudit evid¢ne¢ w¢ hav¢ obtsined is sutTi¢ient and appropriate to provide a b&si$ for our opinion. Other MAtter We were appointed Audi￿1$ of the Cbuity for the year ended 31 March 2022. The comparative figures for 2020 were not audiied by ourselves or any other audi¢ors, os this H'as not required in accordance with Company Law and th¢ Chaiiti¢5 A¢t. Out audit opinion 1$ not modified in re$pe¢t of thi5 matter. C(rt¢lu$lonJ relatlng to golng toncern Wc hav¢ nothin8 to report in rcspect of the followits8 illalt¢rs in r¢latioo w which th¢ ISA$ (UK) r¢quir¢ us to rcport to you wh¢r¢'. the tNst¢¢s use of the going basis of accounting in the prepaTation of the financial 5tstcments 15 not appropriate; or the rnjstees Flave not disclosed in the fjnancial ststements any identified malerial uncertainties that may casi sigThificanr doubt aboui the group's ability to contin￿¢ to adopi the going concern basis of accounting for a period of at le&gt twelve months ftom ihe date when lhe financial staments are authoriseA for issue. Other Informdo The tnjsiees are responsilTrle for the other infonnation. The other inforniation comprises the information included in the annual report, other than the financial slatements and our audits)r's repon ihereon. Our opinion on the fuLancial ststements does Dot cover the other inf0m￿tion an(L excepr ro the extent otherwise explicitly stated in our reporr. we do not exptess any form of assurance conclusi¢)n theteo tn conjiection with our audit of tbe financial 51atements, our respoLsibility is to read the other Inforn￿tion and. in doing so, coDsider whether the other infomYdtioD is materially illconSLStent with the financial ststements or our knowledge obtsined in the ￿di1 or othen¥ise appears ￿ be materially misstated. Ifwe ideniify sueh material inconsi#tencies or apparent ma￿rial misstsments. we are requitrd to de*rniine whether there is a material Missta￿Mertt in the financial 8iatements or a material misstatement of the other infornmtion. If, b￿ed on the work we hav¢ perfornie¢ we eonetude that there is & matertal mi&swement of this other infornmtion, we Are wu1￿1 to Page 10

The Birmingham Mosque Trust Limited report rhat fact. We have nothing to report in this rega Oplnlon ou other matters pre5erlbed by the Companlej Act 2006 In our opinion, based on the work undeEtsken in the ¢our5e of the audir.. the infomiatton given in th¢ Strdt¢gi¢ Report and Trusttts, Repon for the financial year ftir which the financial statetnents are p￿pared Is wns1￿¢nt wilh the financial s￿￿Ments. and the Strdtegic Report and Tru5tee5' Repyrt have been prepared ill accordall¢e with appIl￿ble legal requirements. Matterg on whicb Trve #re required to report by exceptiDn In the light of our knowledge and uDder5randing of the group and the parent Clwitablc eomp&lly and its ellvirontnent obtsined in the course of the audiL we have not identified marial mimtatemenis in the Stratesic Report and the TnLStee5' Rcport. W¢ have nothing ¢0 report in respect of the following m￿ley$ where the Companies A¢¢ 2(X)6 rquires io report to you if, in our opinion.. adequate accounuug records have not been kep( by the parni clwithble company. OT retums adequate for our audit have not been recei&'ed from branches not visited by ￿8. or the pareni chariroble company frnancial statement8 9T¢ not in agreement with the acCO￿ltill8 records and rettwns.. or certaitl disclosures of trustCC5 rcmuneration Specifi￿ by law are not made: or we have not received 011 th¢ infonnalion and e.xp]aDaiions we require for our audii. Responslbultles of trnstees As eKplainvd more fully in the Stam¢ttt of Truste¢s' Respon5ibiiiries {set oui on ￿Se 10), the t￿￿teeS are responsible for the preparation of ih¢ flnancial ststements and for beiog saiisfied that they give a true and fair view. and for such ititernal ¢ontrol as the trust¢¢s deternLiDe is necessary to enable the preparation ofiinan¢ial ststemetjts thai are free from material mi5Stat¢m¢n( whether due to fraud OT error. In preparin8 the finfftncial $￿teMents. the trusttts are respoosibl¢ lor asses5iU8 the charitys ability io C4JDlinue as a going concern, disclosing, as applicable. mattrrs relaied ￿ going ¢oucern and using the going concern basis of couniin8 unless the trnsiees either intend to ILquidaLe the charity or to cease opetaiions, or knave no realistic altematiye but to do so. Audltor's responslbllldel ffrr the udlt of the lknan¢l#l $tAtemen¢J Our objectives are to obtain reaso[￿ble a55urdnc¢ aboui wh¢theT the f￿ancial ststements as a whole are fr¢¢ from material misst8tcmcn( whcth¢r du¢ to fraud or uror. and to issue gn audiwi's report thai includes our opinion. Reasollable assuranc¢ is a hi8h Iw¢l of a$5ufdn¢¢. bui is not g guarantee that an audit conducted in accordan¢c with ISAS {UK) will always d¢t¢ct a mat¢rial mi5Stat¢m¢nt when it exists. Missratetnents can arise from fraud or ¢rror nd arc eon$id¢rd tnatcriai if. individually or in the 3ggregate, they could Teasonibly b¢ upeci¢d to influ¢nc¢ the economic decisions of u8ers taken on the b&%is of these financial staiements. As part of an audii in aceordanee wilh ISAS (UKI. we ¢x¢r¢ise profession￿ jud8emeni and mainthin professiottal gceptieism throughout the audit. Ive also.. Identify and a&w the risks of matrri#l misstatement of th¢ financial statements. whether due to fraud or error, design and perfomi audit pr(Kedures re4K>Lsive ￿ tbose risks, and obtsin audit evidence that is sutTtcient and appropriate to proYAde a basis for our opitkion. The risk of not d¢t¢ctiDg a tnaterial missratement resulting from fraud is hi8ber tlmn for one resuliiug from error. as fraud may involve collwion. forgery. inten¢ional otnis5ions. misrepresentations. or the overrtde of Illrn￿ eontrol. Obtain an widerstanding of internal control relevant to the audit in order to design audit procedureg th&1 are appropriate in the circumstance4 but not for the Purp￿ of expr¢ssing an opinion on the effectiveness of the group's internal control. P#g¢ll

The Birmingham Mosque Trust Limited

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

• Conclude on the appropriateness of the trustees use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the parent charitable company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable parent company's trustees, 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 group's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable parent company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

...................................... Naeem Shareef (Senior Statutory Auditor) For and on behalf of

Shareef & Co Chartered Accountants 18-22 Stoney Lane Yardley, Birmingham B25 8YP

Date: 30 December 2022

Page 12

The Birmingham Mosque Trust Limited Statement of Fln2ncial Activities for the Year Ended 31 March 2022 ncluding Income and Expenditure Account 2nd Statement of Total Recognised Gains nd Losses) Umrestricted nds Restrieted funds 2022 Nots Ineome and EndowmeDts from: Donations and legacies Investment income Other income 392.012 12.147 L51,759 783295 1.175,307 12,147 151,759 Toial income 555.918 783.295 ,339,213 Expendlture on: Chariidbl¢ aLtii'i¢ies (475.4341 (27.386) 1502,8201 Totwl ex[￿dIture (475.4341 (27J86) 1502.8201 Net income 80.484 755.909 836.393 Net movement in ￿ndS 80.484 755.909 836.393 Reconclllatlon Off￿ndS Total fund5 brought forwJrd Total hjnth cajyied forwan 2.683.972 1.947.094 4.631,066 17 2.764.456 2.703.003 5.467,459 Ullrnstrlcted funds Rejtrlcted funds Tot£l 2021 Ineome and Endowments from: Don8tion5 and l¢gacie5 Investment income Other income 324.765 14.144 132,800 515.428 840,193 14.144 132,8(M) Total income 471.709 515.428 987,l37 Expendlture on: Charitable activitles (362,9991 {13,fA)5) 1376,6041 Totyl expenditu (362.9991 {13,605} 1376,6041 N¢t income 108.710 501,823 610,533 Nei movemeni in fun 108,710 501,823 610,533 Reconcllladon of funds Total fun(L8 brou8ht forward TO1￿ ￿ndS carried forward 2,575,262 1,445,271 4,020,533 17 2,683.972 1.947,094 4,631,066 All of the ¢harity'5 activities derive from continuing ijperations during the aknve two period5. Page 13

The Birmingham Mosque Trust Limited (Registration number: 00961846) Balance Sheet as at 31 March 2022 Z022 21121 Nol¢ Flxed Assets Tangjble assets 14 4,129.023 2,785,380 Current a58ets Cuh ai bonk and in ha￿1 15 I,448.2(￿) 2,019,436 Credltors: Amounts falllng due Trlthin one ye*r 16 (109.824) 1173,7501 Net eurrent assets 1.338,436 1.845.686 Nel asyets Futtdj of the ¢hAriry: Restrlcted Incorne fvttd$ R¢stricred fiuKIy 2.703,003 1.947.094 Unreitrl¢ted Income UnTcslri¢led 2.764.456 2.683,972 Total fundi 17 For the fmaueial year elldin¥ 31 March 2022 the chariry was entitled to ex¢nwtion from audil UDder seetiott 477 of the Companies Act 2(M)6 relatiDg lo small companies. Dire¢tor5' responsibilities." The meinber5 have no¢ rffjuirgj the charity to obthin an audit of accowits for the year ill que51ion ID accordllnce with sxtion 476; and The directors aeknowled8e their restx>nsibiliiies for complyin8 with the requirements ofthe A¢t with r¢$r¢¢¢ to accounting records and tb¢ pr¢pardtigD of x¢oullts. These accounts bAve been prep&rtd in 4¢¢ordon¢e with the provisions 4)plicable to componies subject to the small componies regime. The fin4n¢i41 statem¢ttL8 on pa8es I I to 25 were approved by the trusice5, and authorised for issue on signol ort Iheir behalfby.. Muham Tnjstee fzai Pa8e 14

The Birmingham Mosque Trnst Limited Notes to the Financial Statements for the Year Ended 31 March 2022 I Charlty gtatUS The charity is lirnited by guarantee. incorpofdted in . and ￿nseqUentlY doe5 not have share capithl. Each of the twst¢es is liable to contribute an amount not exceeding £1 O towards the ￿Sets of the Charity in the event of liquidatioll. 2 Accounllng PDM¢les Summary of slgThlficant 8ccountlng poll¢iu and ktv acrouDtinE estimates The principal accounting polici¢i applied in th¢ preparaiion of these financial sw¢men(s ar¢ s¢t out below. These policies have been consistently applied io all the yearn presenied. unless othenvise stated. Statemettt of eompllAoee The financial sraiemenrs have beert prepared in ac¢ordan¢e with Accounting and R￿ortIng by Ch4Tities'. Si£1tement of Recommended Practice applicable ro ¢b4rities prepaTing their accounts in 4ccord4ll¢e with the Finfjncial Reporting S¢andgrd applicable in the UK and Republic of lTel8nd (FRS 102) {e(feetive l JaDUary 2015) - (Chariiies SORP IFRS 102)). th¢ Financial Reportillg Staniknrd applic4ble in the UK aud Republic of Ireland (FRS 102). Thty also comply with the Comp￿leS Aet 2006 and Ch8riLie$ A¢t 2011. B#slJ ofpreprAtIoTr The Binningham Mo8quc T￿￿1 Limiwd meets the defioiLion of y public b¢n¢fi¢ eniity undeT FRS 102. Assets and li&biliti¢s arc iniiially recognised 41 hi$toric41 co$t or transaction value unless othernvis¢ Stated in the relevani ac¢ouniin8 policy notes. Golng coDcerD Th¢ trust¢¢s consid¢r that th¢r¢ 2r¢ no material uncertainties about th¢ ¢hariry's Abiliry to continue as a going concern nor any significant areas of uncertJinty that aff¢ct th¢ canying v&lue of ￿sCr5 h¢ld by th¢ charity. Exemptlon frnm preprlrtg * csh flow statement The charity opted to earl). adopt Bulletin I published on 2 February 2016 and have ther¢f¢)re not included a cash flow statement in these financial statements. In¢ome rtd endowments All income is recognised once the charity hos ¢rttitlem¢ni to the income, it is probabl¢ ¢ha¢ the in¢om¢ will be received and the amounr of the incornc r¢¢eivable Can b¢ m¢Jsur¢d reliably. Don4tioKst7ndleg4ci Donations ore r¢cognis¢d when th¢ ¢h&rity h&% been notified in writin8 of both the amount and 8ettlement dale. In Ihe event that a donatÉon is subject to conditions ihat require a level of perfomiance by ihe charity befor¢ th¢ charity is en¢iil¢d to the fvnds. the income is deferred and not reco8ni8ed until either Lhose eonditions are fully met, or the fuifilment of those conditioos is wholly M'ithin the control of the clwity and tl is probable that these ondilions will be fulfilled iti the rep(*titi8 period. Page IS

The Birmingham Mosque Trust Limited Notes to the Flnanclal Statements for the Yevdr Ended 31 March 2022 Grnnts r¢eeiMthle Grallts are recoglli5ed w'hen tbe charity h&s an eDtitlernent to the fiwd5 and any conditions linked to the wts have been tnet. Where perfortttance condition5 are attached to the grant and are yet to be the income is recogt115ed a5 a liability and iucluded on the balance sheet &8 d¢ferred income to be released. Deferredinctsme Deferred income represents amounts received for fjjture pertods and is relewd to inwrning resou￿¢$ ID the period for wbtch. it h&s been received. Such income is only deferrtd when.. - The donorspecifies that the grant or donation musr only be used in future aecounting periods. or - The donor h&s imposed condiiions which rnust be met before the chariiy has unconditiort&l entitiemenL Expendlbjre All expenditure is reco￿ls¢d on¢e there ￿ a I¢Bal or ¢O￿trU￿1Ve obligation to thai expendirure. it is probable settlement is required and the amount ean be m¢4sur¢d reliabl).. All costs aTe ailocatrd to the applicable expendittwe trLe&ding that ag8tf8ate similar costs to that catcgory. Where costs ￿mor be directly attribuied to particular headin88 they have been allocaied on a basis consistent with the u5¢ of r¢sourc¢s. w'ith c¢nrral staff costs allocated ots the basis of time spent. and depreciation eharBes &llout¢d on the portion of th¢ 48set's use. Other supw)rt cosis are allocated based on (he spread of sthff costs. Ch4rlf4bl¢ 4cdvlrfes Charitable expenditure wmpri5e6 thos¢ cosls incurred by the clwity in the delivery of its activities and services for its benefioiyri¢s. li include5 both Costs tha¢ ¢an b¢ ailoca*d diTecily to such aci1viti￿ and those costs of an indirect n8¢ure D¢C¢S58ry to 5UPPOtr them. Provisions for grants are made when the intention io make a grant has been eommuniea¢¢d ¢0 th¢ r¢¢ipieni but there is uncenainiy aboui either the timin8 of the 8rani or the amount of grant payablc. Governance colts These include the costs attributable to the charity'$ ¢omplianc¢ with consiitutional and S￿￿tOry requirements, including audit. siralesic mana8eTn¢nt and tnLStees's meetings and reimbursed expenses. Government grgnts Qovernmcnt 8ratLts are r¢¢o8ni%d bas¢d QD th¢ ¥¢rual rnod¢l and aT¢ measured at the fair Yalue of the a5S r¢ceiv¢d or rcc¢ivabl¢. Grants ar¢ ¢la55ificd as ￿lating ¢ithcr to rcvenue or to assets. Grallts relating io ffv¢nu¢ are in iD¢om¢ ov¢r th¢ ￿riod in whicb th¢ rclatcd costs are reco￿lsed. Grattts relatin8 to ass¢ts ar Eccogt115cd ov¢r th¢ us¢fid lifr of th¢ ass¢L Wh¢r¢ p¥rt of a grant retstmg ￿ an asset is defern￿, it is recognised as deferred income. Taxatlon The charity is considered to pass the tests set out in Paragraph I S¢hethle 6 of the Finance Act 2010 and thereforc it meets the deflnition of a ¢tr￿lIable wrnpany for UK corporation thx purposes. Accordingly. the charity is potefttially exewt frorn taxation in r¢sp¢cl of income or capital gains recetved within categori¢$ covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxatioll of Chargeable Gains Act 1992, to the extent that such iDcome or gains are applied exclusively to c]witable purposes. Page 16

The Birmingham Mosque Trnst Limited Notss to the Financial Statements for the Year Ended 31 March 2022 Tanglble fixed a￿ets Individual fixed assets wstin8 £0.(M) or more are initially r¢COrd￿ at cosL less any subsequent aecumulated d¢preciion and subs¢qu¢nt aceumulated impaiment losses. DeprecltloD and amortlsatlon Depreciation is provided on tangible fixed Ls5ets w &$ ￿ WTite off the ¢ost or valuation. less any estimat¢d residual valu¢, ov¢r their expected ￿leful ¢eonomie life ￿ follows= As8et elASS Land buildings Fixturts and fillin Depreclatlon method aDd rate SO years straight liu¢ 21Y/o reducing ￿anCe C45h c8sh equlvAlenL5 Cash and cash equivalents comprise casb on hand and call deposits. and other short-terni bighly liquid investments are reodily convertible to a known amount of t￿h and are subject to an ingignificant risk of hjnge in value. Borrowlngi Interest-bearing borrowin85 are initially record￿ 81 fair value. nei of transacuon costs. Interest-bearin8 borrowings are subsequendy cArried Af amortised COSL with the ditTerence beiween the prcKeeds. net of transaction costs, and thc amouD¢ due on redcmption b¢in8 T￿08n15ed as a charge to the Ststement of Financial Activiiics 0￿.er the period of ihe relevaDi trf)rrowin8. Interest expense is reco8ni8ed on the basi8 of the etfective interest method and 1$ included in intere51 payable and sitnilar charge5. Borrowings are classified as current li4biliiie5 UAle&s the Charity ha5 An unconditior￿1 rigbi (o defer settlement of the liabiltty for al least twelve months after the ￿e￿Ill8 dak. Page 17

The Birmingham M05que Trust Limited Noles to the Financial Statements for the Year Ended 31 March 2022 Foreign exchange Transactions in foreign currencies are recortsj #i the rn¢e of exchange at the dat¢ of the trAnsaetion. Monetary assets and liabilities denorninared in foreign awrencies ￿ the b414n¢e sheet date are reported at the rates of cxchange prevjiliog ai that date. The results of overseas operation$ are translAted at the average rates of exch8nge during the period artd their balance sheets at the rates ruling at the balance sheei date. Exchange differences arising on Lrdnslation of the opening net assets and resulrs of overseas operolions are reported in otheT compreh¢n$ive income and cumulated in ¢quity (8tttibuied to uondwntrolliDg Èllterots ￿ appropriate). Oth¢r ¢xcb8ng¢ diff¢r¢n¢e5 are rwognised in the Stst¢m¢nt of FinaDcial Artivities in the period in which they arise except for.. 11 exchange differences on transActions eniered into to hedge certain foreign CUTTency risks (see &t4)ve): 2) exchange differences arising on gains or losses on nonnmone¢ary items which are recogui5ed in other comprehensive income: and 3) in thc ¢88¢ of the consolidai¢d financial swements. ex¢h8ng¢ differenc¢s on rnon¢t4ry items rweivabl¢ from or pg4yabl¢ ¢0 & for¢i¥n OP¢Talion for which 5¢tilem¢n¢ 15 neither pl4Dned nor lik¢ly ¢0 ijccur Ith¢r¢for¢ forniin¥ part of th¢ net inveskn¢nt itt the foreL8ll operaiionl. whi¢b are wo8nised iti other ¢omprebensive in¢orne And ported under w4uity. Fund Structure Unr¢8tri¢ied in¢ome fiubds 8r¢ general futsds th91 are gv4ilable for use ￿ the trusteeg's dis¢re¢ion in (urtheTan¢e of th¢ obj¢¢¢ives of the eharlty. RestriLted income funds are those don8kd for use in A particular area or for specific puwises. the use ofwhi¢h is restricted to that area or Pu￿5¢. PeTrsloni ind other post retlremen¢ oblig4ti0Tr5 The charity operates a defined contribution pension scheme which is a pension plan under which fixed contribulions are paid In￿ a pension fund and the charity h&s no legal or construciive obligation to pay further ¢ontribulion$ even if the fund does not hold $utTicient &wts to pay 011 wloyees the benefit8 relating employee service in the currettt and prior pertod%. Contributions to defin¢d eontribution plans are ￿08Th1$ed in the Ststemettt ofFinAll¢ial Aetivities when they are du¢. If ¢ontribution payments ¢x¢eed the ¢ontribution due for service. the ¢x¢ess 15 wogftised a$ a P￿payrnenL Flnanclal Instruments Financial &8sets and finarteial liabiliii&% are reco8nised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity in$trumertts gre clssified aecording to the subSts￿e of th¢ ¢ontrdCtual arrangements entered into. An equity instrument t% any ¢ontract that evidenee$ 4 r¢3idwal interest in the assets of the charity after deducting all of ils liabililies. Page 18

The Birmingham Mosque Trust Limited Notes lo the Financial Statements for the Year Ended 31 March 2022 Recognition and￿e￿urem¢AÉ All financial &sscts alld liabilitie5 are initially n￿asUred at tran5actioll price {includiug transaction costs), except for those fU￿iCIal ￿ets classified as at fair Yalue through profit or loss. which are initially measured at fair value (which is nortDBlly the transactioD price cxcludjng traT￿tion costs), ullle&s the arran¥ement ¢onstiwtes a linancing transaction. If an mngement constituies a financing transxtion, the financiai asset or financial liability is measured at the present y￿Ue of the future paymertts discounted ai a markei rale of interest for a Similar debt instrument. Financial aysets and liabilities are only offiet in the st￿ement of financial position when, and only when there exist5 a legally enforceable right to set off the reeognised amourtts and the Charity intends eiiher to settle on a nct basis. or to realise the asset at￿ settle the liabdity simuitslleously. Financial 88s¢ts ar¢ d¢r¢cogni5ed wben and ordy whell a) the contrdctual rights to the cash flows from the finall¢ial &%s¢t expire or ar¢ settled. b) the charity trdDsfer5 to another party substaniiaily &ll of the risks and rewards of ownership of the fwancial weL or c) the charity. despit¢ havin8 tetaiDed some. but not all, Si8nifican¢ T15ks aud rewar(b of owneThh1￿ has transfe￿d wntrol of the asset to wther party. FinJnci31 liabilities are der¢¢o8ttis¢d only when the obli8atiOD sp￿lfIed rti the ¢ontr8et is discharged, cancelled or expires. Page 19

The Birmingham Mosque Trust Limited Notes to the Financial Statsments for the Year Ended 31 Mareh 2022 Debi inslnuments Debt insttuments wbich tneet the followin8 conditions are 5ub5equently nieasured at cost usin8 the effective itkterest meth￿. (a) The contraciuai return to the holder is (i) a fiKed amourtt. {iil a rrf)sitive fixed rate or a positive varithle rate; or {iii) a combination of a positive OT a ne8auve fixed rate and a positive variable rat¢. Ibl The contrdct may provide for repayments of the principal or ihe return to th¢ holder (bu¢ not boihl to be linked to a single releYan¢ observable index of general price inflaiion of th¢ ¢wrency in which the debi instnunenr is denominaied provided such links are rtot ]everns￿L {c) The contrdct may provide for a determinable variaiion of thc rcftun to th¢ holdcr during thc life of the instnunertt. provided That {1) the Dew rale satisf￿$ condition181 and the variation is aot C4)niingent Oll ￿tUre events oiher than {11 a change of a contr&iual variable rdte. (2) to proci the holder againsl credit delerioralion of the issuer,'13) changes in levies applied by a central bank or arising from Cbanges in rel¢vani taxariou or law; or {ii) the new rale is a market raie of interest and Wi$fi¢s ¢ondition {a). (dl There is no contractual provision that could. by its t¢mis, re5uIi in the holder losing the principal amount or any interest attributhble kn the current period csr prior p¢rityJ& {e) Contractual provisions that perniii the issu¢r to pryy a debt inst￿ment OT pennii the holder ro pui li back to the issuer before maturity noi cot)iitt8ent on fuiur¢ ev¢ttts. otheT Ihan w proie¢t the t￿Ider agAinst the credit deterioration of the i¥suer or A chan8e in control of th¢ issu¢r. or to proiect the bolder OT issuer against changes in levies applied by A central bank or arisin8 from ¢han8es in r¢lev8nt taxation or law. (O Contractual provisions may pemiii the exiensiott of the trrni of the debt illstrum¢Dt. provided that the re¢urn to the holder and any other coolrnctual provisions applicable durin8 the ¢xnfyJ ttll 881isfy the conditions of paragraphs la) to (c). D¢bt in$trntn¢nL5 that ￿ c1855ifi¢d as payable or receivjble withill one year on initial r¢¢o8ttition and which meet the aboye condiiions are measured at the undis¢oulld amount of the c8sh or other consideration exp¢¢t¢d to be paid or received. net of impairment. Wilh the exception of some hedging insiruments, other debi in$tNm¢nts noi meeting these ¢ondiiions are measured ai fair value throu8h pmfii or loss. CoinmirmeThts 10 make alld receive loans which meet the conditions Mention￿ alKJve ate rneasu￿d at cost (which may be nil) less ltDpairn￿lll. Investments in nonwconvertible preference shares and Don-puttable ordinary or preference shares (where shares arc publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Wher¢ fair value rAnnot be measured reliably, investments are measured at eost less impairni¢nt. Investtnents in subsidiaries and &55￿1¥1¢$ measured at cost less impainnellL FOT invesltnents in subsidiaries acquired for consideration including th¢ issu¢ of shares qualifying for merger relief. cost is rnwured by reference to the nominal value of th¢ shar¢s issued plus fair value of other coLsider¥tioll. Any premium is ignor Page 20

The Birmingham Mogque Trust Limited Note5 to the Financial Statements for the Year Ended 31 March 2022 Deriv4tiv¢fmwi¢ialinsfru•ents Th¢ charity uses d¢rii'ative financial insttuments io reduce exposure to foteigll exchange risk and illterest ratc movements. The charity do¢8 not hold or issue dert¥￿1Ve financial illstrU￿nts for speculative PUEyoses. Dersvatives are initially rw0gniS￿ ai fair value ￿ the da￿ a deriV￿1ve contraci is entered into and are subsequently rcrneasur¢d to th¢ir fair value Y4t each reporting d￿e. The resulting gain or loss is reco8ni5ed in statetnent of fill&ncial activiries imrncdiatcly UDle5s the d¢Tivativ¢ is d¢signat¢d and ¢ff¢ctiYe a5 a hedgiL8 instnltnent, in w'hich event the timing of th¢ r￿ogniti￿ in stament of fU￿¢la1 activities dcp¢nds on the nature of the bedge relationship. Fdlr meosuremeni Th¢ best ¢viden¢e of fair value is a quoted price for an identical a&set in an active market. When quoted priees unavttilable. the price of a recenl trdnsaclion for an identical asset provides evidence of fair value as long Lq there has not been a significant change in economic circumstsnces or a significani lapse of time since the transactiort took place. If the market is not active and receni tran￿￿onS of an Identic￿ asset on their own ar¢ not a good e￿]matC of fair valu¢, th¢ fair Y8lu¢ 13 e81]matL￿ by using a valuation rechnique. 3 In¢om¢ from doDtion$ and legacleg 2022 21121 BuildRng- Extension PrO1￿t GiftAid IIMRC Grants GeneTal collections Events 742.434 14.474 22,333 283,059 46,590 40,861 25.556 495.831 122,396 76,389 102.591 12.521 19,597 10,868 840,193 Edueation 1,175,307 4 Investment Ineome Uorutrfcted Total 2021 Genernl 21122 Other investment income 5 Otber Income 2D22 2021 Funeral seTrices FatnilyCounsellin8 s¢rvice Marriag¢ services Wedding hall rent 61,380 40,270 41,939 8,170 59,141 57.560 15.899 Page21

The Birmingham Mosque Trust Limited Notes to the Financial Statements for the Year Ended 31 March 2022 6 Expendlture on charlt#ble ￿tIvItIeS Activity undertken dlrec¢ly Grant fundlng of actfvlty Attlvlty support Costs To 21122 T(tytsl 2021 Emplo￿llent Cost Deprecittion Facilities C05t Prof¢55ionabLegai F¢¢s Office Expenses Mosque Services Sundry Grants 154,561 105224 55,607 154,561 105,224 55.607 146,779 80.446 56.185 52.076 30.811 25.665 23,127 lJ42 27,021 79,097 30,811 25,665 23,127 28.78 37,838 16,356 10,217 5.244 23.537 27.386 7 AD*ly8ls of gov¢rnADe¢ #Dd 8UPPlIrt ¢(pJts Governgttee £￿ts Unre8trleted funds Total 2022 Tot 2021 GeDeral Audit fees Audit of th¢ finat2¢i81 fdt¢m¢Ats Independeni examiner fe&8 Examination of Lhe finan¢ial st4i¢men Legal and professiot￿l fees 4,200 7,531 22.021 22.021 Page 22

The Birmingham Mosque Trust Limited Notes to the Finaneial Statements (or the Year Ended 31 March 2022 8 Crantwmklng Below are details of rnateriai grants made io ill51ilutions 2022 2021 Name of Instltutlon 151aTDic Relief Saba Relief Mercy International Al Hijrah Educaiion Foundation Syria Relief Al Munir Foundation Food Bank Central Funerat Services Al-Shif&Trust Al Ihsan Foundation Etth Relitf Other ¢hariti¢s below £l,O COVID 19 Support Pak Fri¢Dds Ltd 5,090 5,000 4,500 3.000 2,500 1.500 1.398 1.020 1.000 3,(W7 353 3,IlX) 1,193 378 1.241 3,370 1.3(M) 13.605 27.386 9 Net IDcomlDgloutgoffing reyourc N¢t in¢omin8 TS50urre8 for the y¢#r tnclude.. 2022 2021 Audit fees Depr¢¢iation offixed assds 10 Trust¢$ remUnerA￿On 4nd ¢xpenJes During the y¢ar th¢ ¢hartry tllade th¢ following ttattwtii)ns with trustees: No Imstees, nor Any persons connecied with them, have received any remuneration from the charity durin8 the year. Page 23

The Birmingham Mosque Trusl Limited Notes to the Financial Statements for the Year Ended 31 March 2022 I I Statr e05t$ The &ggre8ate payroll costs were Lq follows: 2022 2021 Staff cost5 durlng the yeAr were: Wages and salaries Social securiry Costs Pension costs 142237 9.019 3.305 133,542 10.680 2,558 The monthly avera8e numberof per8ons (including gertior m4nag¢ment team) employed by the charity durin8 the year expressed 09 fijil time equivalents WA8 &8 follows.. 2022 2021 .Yo Staff No employee recei%'ed emolymcnts of more than £00,￿ durin8 the year. 12 Independent examlTrer'$ remuner*tlott 2021 ExAmination olthe f￿aTr¢Ial sratemen Page 24

The Birmingham Mosque Trust Limited Notes to the FiDaDcial Statements for the Year Ended 31 March 2022 13 Txxatlon The charity is & registrred chtirrty and is therefoTe exempt from raxation. 14 Tanelble fixed L#Dd xttd bulldlngs Furnlture #nd equlpment Total At l April 2021 Athiitions 3,188,652 1.448.868 421.851 3,610,503 .448.868 At 3 1 March 21Y22 4.637.520 421.851 5.059.371 D¢prKlatlon At l April ?021 Charge for the year 47lJ62 91.607 353,761 13.618 825,123 105.225 Ai 31 M￿h 2022 562.969 367,379 930.348 Net book value At 31 March 2022 4.074.551 54.472 4.129,023 At 31 March 2021 2.717290 68.090 2.785.380 15 Cash aDd cajh equlvAlents 2022 2021 Cash ott hatsd Cash ai bank Short-t¢nn deposits 801 421.194 1.026,265 425 719,011 1,300,000 16 Credltors: amounts falllng due Tvlthlo yur 2022 2021 Other Credi￿[8 Accruals Deferred income 74,694 35,130 17,485 41,585 114,680 Pag¢ 25

The Birmingham Mosque Trust Limited Notes to the Financial Statements for the Year Ended 31 March 2022 17 Fund5 Balanee at I Aprll 2021 Incomlng Resourees expended Balanee At 31 March 2022 Unrestrleted fund$ Genernl 2,683,972 555,918 (475,434) (27.386) 2,764,456 Restrlcted futtds 1.947.094 783.295 2.703,003 Totil fuad# ResDur¢e5 expended Ba]Anee ¥Lt 31 March 2021 Aprll 2020 rests￿ree$ Unrestrlcted ful￿* Genwal 2,575.262 471.709 (362,999) (13.605) 2,683,972 Restrlcted funds 1.445.271 515,428 1,947.094 Total fundl Res¢rictedfynds The Mogque5 restri¢¢¢d fimds mainly relak to the builditig projeet and Zakat funds. The Y￿￿lld bal￿¢¢ includes only £6k of Zakat funds. Page 26

The Birmingham Mosque Trnst Limited Notes to the Flnancial Statements for the Year Ended 31 March 2022 18 Analysls ofnet assets betweett funds Total funds at 31 March 2022 Unrestrirted Rutrirttd GeDerl ruDds Tangible fixed a$s￿S Current a&gets Current tiabilities 1,426,020 1,448,260 (104.824) 2,703.003 4,129,023 1,448,260 1104,8241 Total net assets Total furtdi ot 31 Mareh 2021 Unrestrlcted Generil Restrleted fuDdi Tangible fixed as8¢ts cu￿¢￿ta&sets CuTr¢nl li8bilities 838286 2.019.436 (173,750) 1.947.094 2.785.380 2.019.436 1173,7501 Tota] net assets 19. Related party There w'as nil (2021.. nil) related party ¢raDsactiODS durin8 the year. 20. Cpltxl Commltments A5 at year end. th¢ Mosque had either completed or w&$ close (o th¢ ¢ompl¢tion of stag¢5 up ¢0 $tsge 4. The Mosque is yet to Commit to Ihe srase 5 for the Mechanical, Electrical. Fillish¢s & Ex*mai Wor Page 27