REGISTERED CHARTfY NUMBER: 1057815
REPORT OF THE TR
TEES AND
AUDITED FINANCJAL STATEME
FOR
LONDOli ISLAM[
octETY
AND RECREATION
KNOWN AS ICNIG

LOhT)ON ISLAME tc CULTURE AND RECREATION
sOc￿Ty
S ICMG
CONfENTS OF THE FLNMCL4L STATEMENrs
R ThE YEAIi ENDED 4TH MARCH 2024
PaEe
Report of the TThstees
Report of the lftdependeot Auditon
9 to 11
Statement of Financial Activitse5
12
Statement of Finanoal Pfjsition
13
Statement of Cash Flows
14
Notes to the FiD2D¢ial &atemeJJts
15 to 29
Detailed Ststement of Financial Artivities
30 to 31

LONDON ISLAMIC CULTURE RECREATI
OWN AS ICNfG
REPORT OF THE TR
OR TBE ITAR EST)ED 4TH MARCH 2024
The T￿￿eeS have pleas1￿e iti presenting theii report and the f￿￿nCIlI st2t¢ments for th¢ charity for tbe year ¢nded 04
March 2024. The Trustees have adopted tbe provisioJJs of Accounting and Reporting by Cknities." Statement of
RecommeDd¢d Practice app1[￿ble to cFJarities preparitig their accounts in acc4)rdance with the Fiuancial Reporting StaEthrd
applicable in the UK and the Republic of Ireland (FRS 102) (effective l January 2019).
OWECTtVES AND ACTlVtriES
Objettives and ainis
Our WOTk is guided by and to advance th¢ Islamic ReJigii)n: the education of Tutkish people in particular by the provisxon of
mother tongue and English ¢lasses' to provide advice lo people which wist in relieving their wvety or advancing their
education or protecting or weserving their health. For the purposes of fijrtberance of these objects the Charity aims lo
undertakes:
(a) Setting up sGhool4 libraries and reading roo
(b) Publish boob magazines and rnaAntsin reading roouts:
(¢) Establish accommodations for the needy and help them re-establish tbemselv¢s La xtiety.
(d) Organis¢ educational s¢millars and lectures.
(e) Promote Islamic and Turkish Cultu￿.
(fj Work in hamiony with other Islami¢ tnstitutioDS and As%Kiations:
Main ArtiYAties
Education PTogran)mes and Conferences For Elderty And Young. Organising C¢)mmunity Events. CLsOperatioD With other
like-minded affiliafrd clwities. orgaDised accommodations for the needy, pl1￿￿¢5 aDnual Haji and Umrah and Islati]i¢
cuItLuzI trips and funeral assisTaDce.
The tn35tees bave considered the CbaTiiy Conirnissioll's guidance on pubtic benefiL including the guidance 'publi¢ benefit:
rl￿ning a charity (PB2)'. The Trust furtkLers ils charitable PUTposes for th¢ publi¢ benefit through its missions and goal&
OUT aim 15 to work to optimise our operating models and ways of work￿8 to reflect our 8oals and values, ensure fllwicial
sustainability, achieve outromes and be accountable to all stakeholders. This will be in aligntnent with our current resources
and the fitwi¢ial ¢ontexL
We are aiming to undertak¢ a variety of actions:
Accountability and contiauous improvement to have a better overview of our ¢apa¢iry. so we can better tsr8et supporL We
will strengthen monitoring and evaluating our programm¢ to better achieve and demon51rat¢ impact and affm supporter
contiibutions.
W¢ will ajso look at our own internal perfor[Ua￿ strengthenin8 our learning and development practices as well as our
perf¢)rniance rnana8etDent approach.
Tecbnologi¢al enablement - we aim to improve use of dats and digitsl platfOrn￿ to improve support¢f5' experience of
giving, praying and actiJJg with us. Internally, we will improve efficiency through automated processes of tasks such as
income and expeDse PrC￿e5sjllg.
Financial 5ustsinability - central to our approach ts iniegrating insiglts frorn vaTiOUS sources and improved visibility of data
in support of targeted fUndrnsI￿ well.1ryforn￿a ￿t allocations and ease of expendAtUTe monitorijjg.
Page I

LONDON I
C CULTURE LND RECREATION
sOc￿Ty
. WN AS TCMG
REPORT OF TItE TRUSTEES
FOR THE YEAR ENDED 4TEI M.4RCH 2024
State)Dent of public benefit
The board believe that the ¢P￿Lty,$ activities advance for the spiritual and physical need5 of all people. Our ac1ivities
proNide a meaJ]s by which people of any faitL or none, can gain an awareness of Islamic faith and can gain support and
a5sisL2nce to deal with difficulties or Pressures tbey ￿￿Y be facing in everyday life wbether that be spiritual need& health
issues, educational Tequirements, farwty issues or personal problems. Our clwitable aCti￿tieS bring us into conlact with all
the people in and around the Communities wbere w¢ are located and we Provide guidance. assistance and comfort to all
people iJrespective of their social. econornic. etEu]ic or religious baekgroun(L The objective and a¢tivities and achievement
section of this report has set out the activities which the Clwity undertakes for the public benefiL The Executive ConuJitt¢e
collf]nns that it has eomplied witb the duty in respect of se¢tioD 4 of the Charities Act 2011 to have due regard to public
beuefit guidance publish￿ by the ¢omrnis5ion in determining the actAvÈties undertaken by the Charity.
ACHIEVEMENT AND PERFORMthCE
A review of our achievements and perforniance
The ben¢fits of the London Islamic cultu￿ and Recreation (LI￿5} work are to ettbance facilitstion to humanity,
brothethood and fjjrtberance of1slami¢ education with current and fiJtur¢ Muslim Communities. The tn￿tee6 aTe pleased
that the a¢hievements and perfornMD¢e of the Tnjst so far, as s¢t out below, wbich demotLstrate sigoificallt endeavours.
Significant activitses
Despite challen8ill8 UK economy and global CCODomic environmenL the cbarity ¢ontinued to orwise its various
fund-raising ev¢nts including Ramadan Iftat dinner events and fetes to $URDOrt its caus4 airL8 and operntions, and
particularly the completion of the Islamic Centr's Building Iraprovernell￿ Li¢￿$ is pleased to announce that most of the
Buildin8 Improvement W&8 completed in the year and completion took place by mid-sunjmer of 2024.
The charity arranged workshops and talks with Imams at the mosques and community ha115. It has also continued to provkd¢
UQBAH funeral services support to the local Muslim con]munity. In additio￿ though Li¢ars as a charity is still going
through an evolving srag< it Continued to expand its reach and orgatiised VaTied programmes:
a) R¢gu12r trnining and involvement in humani￿lan actiTritieg
b) Conferences, Qurdn recitstions and Tevival - pro8rammts of religious days and night
c) R¢gvJlar teaclLers' meetings to inwve the experien¢c of our coromunities and benefici￿1¢$
d) Competition and held Mercy to the Wotld workshops
e) Open Mo4ue Day events for our local comjnunity and promote goodness.
fj Fon]￿lISed Tegionai. local branch education ¢ornmi5sion to oversee and promot¢ education
g) Meeting with respect of yearly Haji and Umrah pilgrim - before and after ￿5100
The charity supported we¢keDd education schoob in different affiliated bTanchw in Edmonton, Romfort Peckha
Maryate, Brighton. and B¢xl¢y in London. We are cuffent]y in the process of opening a new bTaneb in Enfiel¢l
During the year, the charity spem fijrther £193223 on the Trfirbishin8 of its Sec￿tatIat to cater for the evolving needs of th¢
needy. local community and the youth.
tyuriog the year the charity continued to provide Hail and Umrah trips for religious pilgrims, iucluding culttual tour to
Tfjrkiye and Spai
Our key perf0rnWi￿ indicators are SUMM￿lsed in the table belovr.
2024
2023
Number of fund raising events
Donations
Value of clwitable expendit￿r¢S
£503.053
£61.645
£95.105
£5,908
Page 2

NDON I
so
C CULTURE AND RECREATION
. "ow￿ AS lClfG
REPORT OF THE TRUSTEES
FOR THE YEAR ENI)ED 4TH ￿[￿RCH 2024
Finanaal position
We Are appreciative and of contAnued support from d)e cornrnunity aud our supporter& despFte another difficult year
and with continued pressures on UK bousehold budge￿ Our supporters and voluuteers bave adapted and continued to
expand ways to engage with us. as traditional fuodTai5ing metholts have ken replaced by more on]ine giving a¢tivitie$
followiti8 the pandemic. Retsardless of the LfK ￿onoMiC cballenges, the comn]ilment of our supporters to w has been
enwuragin8. Our total income ID 2023124 was £684.734 which is £457,714 {2029/0 per cent) bigher than 1&8t year. That
exceptional result in 2023124 was nearly 314Yo per cent higher t1￿1 the previous year and was particularly b¢)ost¢d by
receiving genezal donations £336,336 frotn ICMG {GeruwLy). Additionally. a healthy itierease in its rental incoll￿ of
£169.746 (2023: £ 26,703) from the connected charities Hasene and Alberonius Foundation for using our facilities.
As in every year. the majority of our income comes from the ￿o￿Lug loyal and generous support froni our Chair.
omtnunity and a￿lliated ICMG organisations. We received £503.053 (compared to £95.I05 in 2022Q3) in general
doDations and legacies from those supporters.
The total in¢ome for the year was £684,734 (£227.020)
The totsl resources exp¢nd¢d amounted to £385,168 (2023: £154.658)
The net surplus for th¢ year amounted to £299.566 (2023.. £71362)
Reserves poliey
Every year, the trustees seek to set aside sufficient reserves to eDsure a balance between spending to meet the inmiediate
needs of our operaTion5 and protectin8 our fvtt]Te work This serves as baviDg a buffer and 8]lows tin￿ to adjust the chaTity
to any unexpected operational challenges should there be a large reduction in the an]ount of ill￿n￿ we Teceive. The trnste¢s
are airning to n￿ltita]n a reserve equivaleDi to 3 montbs working capital r4uixements.
The total accumulated reserves were £1.026,434 as at 4 March 2024 (2023: £486,942 as restated).
The tr￿te¢S consider the reserves ar¢ sufficient to continue the charity acttvities iti the fjjrure years.
Page 3

"OWN AS ICMG
REPORT OF THE TRLT
TBE YEAR EThTIED 4TH NL4RCH 2024
Proposed change of the Charity's antsllAI reporling date
The Board of Trustees ]w reviewed its histOTiC yearly Teporting date (of 4th Match) with ihe Charity ConllDissiofy in
onjunction with its expandin8 activities and level of operations and for the purpose of better reporting hav¢ d¢cided to
change its annua] r¢portino date to, 31 MarckL
Subsidiary undertaking
The charity subsidiary's 2024 annual accounts reading a deficit on its balancc sheet of £6.250 (2023: £5,796). The
subsidiary is in dornwicy and the Charity will ctinlinue to provide fmancial suppo¢ should such a need artse.
Environmental stewardship
We aim to develop and estsblish Licars '$ ¢aTbon footprint but has been delayed due to operational ¢onstraints and would ty
to target io ?024125. In the meantinw we continue our efforts to reduce our own emissions and improve our caxbon
footprint through our internal initiatives.
Statement on safeguarding
We are committed to recognising the saf¢gU￿a1llg of all people we work with. espcciatty vulnerable wups. We bave a
particular concern to ensure children. young people and vulnerable adults are safeguarded and recognise we have a special
duty of and rwect Towards them. We are committed ro upbolding professioDaJ conduct in aJ] areas of our work and
creatin8 an organisalioDal Guiture that prioritises safeguarding and eDsures a safe and trusta environtllent for all wbo com¢
intr) Contact with
Statement OD fundraising
We respect the righty dignity and privacy of OUT SUPPOrter& We will not put undue pressur¢ on supporters to make a gift
and if a supporter does not wallt lo give. or wisbes to cease giving, we Tespttt their decision and a¢t i)n this W¢ offer
SUFporiers choices about bow they wish kn be coAts￿¢¢ and we respond to requ¢sts to ¢nd rolltscL
Trustee risk management gtatement
The principal risks faced by the Trust lie in the FrforniaDee of the charity.
Risks gre factors that ¢ould stop us from a¢bicvin8 our plans or goals" Tr￿Y be of financlal. polAtical, regulatory,
governance or operational. While we ty to Ixm(t risL we ￿nllOt prevent all events from occurring. That is why we have
actions alld controls ia place to reduce negativ¢ itnpacts. Identifying and addressitig tbe ll￿5t significant risks helps reduce
the possibility of fll]aaciai loss or dwge lo Licars 's reputation attd ensure5 efficient Use of resources. We pay p2rti¢ular
attention to risks that would bave the highest impact on Licars's. if they came about. Our risk management is proactive,
identifying and assesstDts key risks befoTehand. It i5 integrated inro a]1 our work planniJ]g and decision-makin8 pr￿esses.
Team ¢ollaEx)Tates with n]anagern￿t conllnittee and tn￿¢¢5 to identify Tisks and deN'elop mitigation strategies. At tbe
organisational l¢v¢L trustees review LIOTS 'S Iisk register at least annually, ensiw significant risk5 are managed properly.
The operationa] risk from ineffettive internal control8 and procedure&
The Trustees have assessed the niajor risks to ￿thIeh the charity is expose4 in particular those Trlated to its rcgulatory.
operations and finances. and are satisfied that systems and procedures are in platt to mitigate exposure to the major risks.
Th¢ trLL8tees are of the opinion that the c]wity is not exposed to any rnajor risks &8 il has a heathy reserve position and is not
wholly d¢p¢lldent for funding on its m¢mbers, which is growing.
Tbe trustees regularly revicw the operations of the clwity includi￿(1 any changes to the service delivery to identify kcy risks
against the COV￿ provided by the cutrent insuranLr policies whicb aTr then re-negotiated if r4uired to ensure adequacy of
cover.
Page 4

NDOIN,
C CULTURE AND RECREA
ILYOWN AS TCMG
ON
so
REPORT OF THE TRLTSTEES
E YE.4R EThTIED 4TH NIAR
FINANCIAL REVIEW
An economic dowJ]turn coujd have a direct iJnp3Ct on our donots. ability to coniinue its SUPPOTL The economic and political
landscape is uncertain and could have a Signif￿ imyact on casb use of the Charity. Tn￿teeS therefore altu to keep abre&st
of economi¢ conditions both in the UK and abrowL 0veyh￿ are carefully monitored to ensure that resources used
effectively.
The Board of TTh￿te¢s considered that through their decision making iu tbe year, they have acted in a way to promote tbe
Charity and for the benefit of its stakeholder as a whole.
Engagement with employees 9nd volllntttrs
The Charity could not function without its stsff and volunteers. and trl￿reeS consider their needs when making decisions.
The Management COEtJtnittee teauL l¢d by the Cbair of Licars. handles the day-tu-day administration and reports to the
stees. The Chair oversee% the tea￿ ¢olle¢tively forming Licars TeaoL The managetD¢llt council manages LICARS
and llJpl¢ments decisions made by the ttLstees. delegate ¢¢rtain powers to them as outlined. The trnstees aim to raise
awareness of organisation-wide issues.
Staff and volunteers regularly receive governanc¢ and financiat updates. T￿￿ee$ orgallise eDgagern¢nt opportunities within
board and ¢on]rnittee njeetln￿, collaboratin8 with the teatn to commutiieate decisions effectively. Specialist staff m¢mbeTs
frequently participate in ihcse meerijw. pre5entiug th¢ir woJk and seeking iDPUt from tystees al￿ specialist adviseLS 10
8uide de¢ision-makin8.
Governed by the Thfyistleblowing policy. trustees c8n hear staff COncm￿ when forn￿ Licars Complaints meclwiisms bave
been exhauste4 with clear protocols in place to resolve any matters raised in this way.
During the year, the charity etnployed 3 full time ernployees including an office op¢r4tional maDager to ¢oordinat¢ the
operaiiollal wings. All th¢ rnajor activiti¢s were caryied out by the volunteets and thLStees.
The ttustee5 provide their till￿ and experrise to the charity ou a voluntary b&sis.
Plans for the future
We have identified that tkn is a buge demalld for the work we do in the Muslim coD]munity, and we regutarly receive
requests to assist in opening new centres or extend our services in other areas oeLondon aDd the surnundings. We are at the
final stages of receivitig the keys and opening a new education centre in EDfield and plan to start with OUT education services
in tbe new season. Before opening other centre4 we plan to strengthen our regional management commirtee with new
members and possibly have a few more tnLStees on the board as from previous y¢ars of experience we have learnt that we
should ¢xpand 2nd Erow tbe charity at 2 pace which does not over102d or stress the man4cfement team. We aim to illcre￿e
our incom¢ raised in the UK with more fvn(trai5ing eveDl& sponsors alld in¢reasing montb]y direct debits from Tegular
donors to fimd the increase in the capaclty of our seTvices. Due to recent expansion of our operations. w¢ are aiming to
5tren8then OUT accounts function by hirin8 ycialist staff.
In additio￿ we aim to ¢ontinue our endeavours to empowering com]nunitie5 through eduL¥tion. social services. and
huTnanitaTian efforts and bas a stroD8 fjnancial aTrangem¢nt and support in plac¢ from our major partner IGMG in Gernwny.
We are also Cu￿entlY in negotiatioD wilh our long-telln Icnder IGMG and PaMer witb respxt of TestructUTiDg our existing
foreign loan ierms in order to release adequate funds ro achieve medium-temi goals. We are pleased e￿lY indication of
these negotiation are looking favourable and we aim to agree an optEn￿l loan tertfLS.
Events sinte the year end
The ¢kwity held its opening ceremony in May 2024 to unveil its new ceotre after refi￿lishMellt.
The charity 15 in negotiation with its lender to reslLvctttre its loans in (rder to address the going concern issue.
Page 5

LO.ND
ISLAMtC CULTURE AYA D R
MG
oh.
REPORT OF THE TRUSTEES
FOR THE ITAR EIYDED 4TH TrL4RCH 2024
STRu￿uRE, GOVERNANCE AND MANAGEMENT
Coverning document
The TnJ5t is an unincorporated re￿￿tered ch&ity Dumber 1057815 aDd is guided by its govemin8 document under 3 trust
dee
The trustees 0r¢ responsible for the general cootrol and maDagement of the charity. The administration of the Charity is
vested with The MaDag¢ment Council. The Mallagement Councxl deals with the day to day affaits of the clwity. It ￿trIeS
out or execute the objects of the Cbatity as laid out in the trusvs articles. The Management CouDciI meets at least once a
n]onth for discussions and consequential decisi0Trs ar¢ nmde ou a simple majority basis on th¢ Charity's matters. The
Management Council elects froni arnong￿ themselves a chairnwi. The Chaimian SI￿11 choose from the rnembeTS of tb¢
Mana8em¢nt Council, a Vice Chainnao a Se¢Td&ry General. A Trcasurer. Three other members shall be ¢le¢ted as Active
At the t￿￿ttts, meetillgs. the trustees the broad strategy and areas of a¢tivity for the Tn￿( including consideration of
charitable activities, investrient% resetves and risk management policies and perfonnance.
In &85iSting the tn￿te¢& the management ¢oun¢ii meets weekly. prior to the n￿ill In￿tee$, meetin& to consider and focus on
tbe new projects. programmes and n¢edy caus&s ￿lfill]llg the Tclcvant criteria and make re¢ommendation5 for other
charitable fAmding. The management council is supported by the teams of volunteets and ajso consider the monitorino
inforn￿tioll concerning the perfonnance of the projects ￿ date alld make recomD]cnd*ions to the trustee> The J]]anagen]eJt
Council have the power to hire and en8age expens as educational advis¢TS or ¢ouns¢lling. The day-to-day administration is
delegated to the cbarity offlce operatiODal manager.
The trustee5 give their time freely and receive OD rfflnunerniion or other fmancial benefits.
The trustees gratefully acknowledge th¢ swice, dedication and supw)rt of management Col￿nIttee5, members.
Retruitinent and appointment of new tru51ee5
On appoinlmenL new trustees sign a tsustee declaration staterneot COD]mitting them to 8ivin8 of tbeir timc and expertise.
There is a forn￿1 induction pro8rats￿e fot any newly appointed tnL5tee. which tncludes an initial meetin8 the Chair
and tbe tn￿te¢s, followed by a serie5 of short meetings with the management committee tllcmbers.
Details of trustees, expenses and related paty transactions are disclosed in not¢ 21 to the accounts.
Trustees are required to disclose all rclevaot interests and register them wlth the Offiee manager and in a¢¢oTdance the
T￿￿t'S policy withthaw from decisions where a confii¢t of intettst arises.
Registered Charity number
1057815
Pr￿cipal addre&8
399401 Higb Road
London
N17 6QN
Trustees
U Bilaloglu
M Gulbahar
R Gokce
Page 6

NDON ISLAMIC CULTURE AhT) RE
"OWN AS IC.VG
ATION
REPORT OF THE TRUSTEES
OR THE YEAR ENT)ED 4TH INLIR
2024
The Charity's website addr￿:_
icmg.org.uk
Other name whi¢h the tharity D$e3:_
Islamic Community Mith- Gorus (ICMG)
Management counciE mernbcrs are detsiled below
Names
Mehmet Glln£Ordu
Adem OzdemÈr
Mustafa Kiranoglu
tbr&him T￿rkMell
Mustafa Ersoy
Aliye Sert
Ekmel Pakoz
Fatma Simsek
Mustafa Aydin
Emin Centinkaya
Omer Mucahit
Ercan Buldu
Ferdi Yilnttz
Nuh Koksal
Role
Vice PreSid￿t & Organization President
Vi(t President & Head of Educalion
Vice President & Chairman of ITshad
Vi¢¢ President & CoTporate Conllnunications
Vice Pr¢sid¢nt & Humanitarian Aid SHB
President of tbe Women's Or8aniz2tion
Deputy Chairman of th¢ Youth Organization
PresidcDI of the Women's Youth Orgaoization
Head of Inspection
Head of Accounting
Ihsall Chats Rwonsible
Head of Administrative Affairs
Head of Haii Un)rah Trnvel Affai
Head of Funerni Services
Aeeountants and business adviso
S.D. G￿ller + Co Limited
Chartered Certifi¢d Accountants and Statutory Auditors
92 Station Lane
Horn¢bureh
Essex
RM12 6LX
AudAtors
Inam & Co Ltd
Cbortered Certified Accountants and Ststutory Audito
459 Green Lane
Goodmay¢s
Essex
IG3 9TD
Solicitors
Bowling and Co
62 Broadway
Stratford
London
EL5 ING
Page 7

LO￿DON IS
so
ON
Kh'owts AS ICM
REPORT OF THE TR
ISTEES
FOR THE YEAR EYI DED 4TH I¥IAR
H 2024
STATEMENT OF TRUSTEES, RESPONSIBtLTfiFS
The trustees are rcsponsible for preparing the Report of the Tr￿ and the financial statrments in aeeoTdance with
applicable law and United KiDgdom Accoutsting Sr3Ddards {UJJited Kiagdojn Generally Accepted Ac¢ouJJting Pra¢tice)
iDcluding Finan¢ial Reporting Standard 102 'The Financial Reporting StaDdard applicabl¢ in the UK and Republic of
Ireland..
The law applicable to cbarities in EnglaDd and Wale& the Clwities Act 2011, Charity (Accounts and Reports) Regulations
2008 and the provisions of the tTh￿t deed requiffs the trustees to prepare financial starements for each fillancial year which
give a true and fair view of the stste of affairs of tbe cbarity and of the in¢oming resources and app17cation of resourc¢s.
including the income and expenditur4 of the Ch￿￿ty for tbat period. ID Prep￿ing those fmancial ststement4 th¢ trustees are
Tequired to
select suitable accounting poli¢i¢s and then apply them ￿nSIstentlY.
observe the methods and principles in tbe Cbariry SORP.
make judgcments and estimatrs that are re&8oDable and pruden
state whether applicable accouuting standards hav¢ been followe￿ subject to aay matrrial departures dtsclo*l and
explaiDed in the financial statements"
prepare the finan¢iaL statements on the going Coll￿￿ basis unless it is inappropriat¢ ro presume that the clwity will
ontinue in business.
The trustees are responsJbl¢ foT keeping PTop¢r accountin8 records which disclose with reasonable accww at any time the
fmancial position of the clwity and to enable them to ensure tbat the financial statements comply witb the Charlties Acl
2011, the Charity (Accounts and Rep)rts) Regulations 2008 and the provisions of the trnst dee& They are also Te5ponsible
for safeguarding the assets of tbe cbarity and hence for taJ(in8 reasonable steps for the Prevention and detection of fraud and
other I￿¢g￿laritieS.
AppToved by ord of t
e board of trustees OD 16th May 2025 and $i￿¢d on its behalf by.
U Bilaloglu - Trustee
Page 8

REPORT OF THE
EPENDENf AUDTfoRS TO TItE TRUSTEES OF
LOND
NIS
C CLTLTLtRE AND RE
sOc￿Ty
OWN AS ICMG
Opinion
We have audited the finaucial statetnents of London Islami¢ CuItsJre and Recreation Society (known a8 ICMG) (the
'dwity') for the year ended 4th Ma￿h 2024 whtcb Compri￿ the Staten)ent of FÈn3ncial Activities, the Statement of
Financial positio￿ the Ststement of Cash Flows and notes to the financial StateM￿ts. including a 5umllLary of siguificant
policies. The fllwlcial reporting framework that has been 4>plied in their preparation i5 applicable law and
Ullited Kingdom Accounting Standar&s (United kngdom Genernlly Accepted Accountins l¥actice), including Financial
Reporting StsndaTd 102 Yh¢ Financial ReportiDg Standard applicable ill the UK and Republic of ]rcland'.
In our opinion the finallcial statenwits..
give a lrne 2nd fair view of the state of the C￿iry'S affairs as at 4th March 2024 and of its incorning resources and
application of resour¢¢s, for the year then ended:
have been Properly prepared in a¢eordance with United Kingdom Generally Accepted Accoutsting Practic4 including
Financial Rcporting Standard 102 The Financial Reporting Standard applicable in the UK 2nd Republic of Ireland and
bave been pr¢pared in accorda1￿e with the requirerAents of the Charities Act 201 I.
Basis for opinion
We conducted our audit in accordance with Tnternauonal Standards on Auditing (UK) (ISAS (UK)) and a¥)pli¢able law. Our
responsibilities under those standards are further describcd ID the Auditors, reswnsibittties for the audit of the finan¢iaI
ststements section of our reporL We are Indep￿dent of the charity in ac¢￿rdanCe with the ethical rquirements that are
relevant to our audit of the financial statements in the UL Tn¢luding the FRC'S Ethic41 Standar4 and we have ￿lf￿led our
oth¢r ethical rcsponsibilities in a(rordanee with these requirernent& We believe that the audit evi&nce we have obtained
is swfficient and appropriate to provide a basis for our opinio
Conclusions relatiD8 to going concern
In auditin8 the financial ststemettts, we have CQll¢luded that tbe tnjstees, use of the going coDe¢rn basis of ac<ountin8 in th¢
prepaTation of the financial staternenls is appiopriaie.
Based OD the work we have performe& we have nol identified 3lly DIat￿la1 Un¢￿alDUcS relating to events OF conditions
that. individually or ¢oll¢cliv¢ly, may cast significant doubt on the ability to CODtinue as a goin8 concern for a
period of at least twelve n]onths from when the fiDaDcial ￿alernents are authorised foT iS5U
Our responsibilities and the responsibilities of the tr￿Stee$ with respect to going concern are described in the r¢levant
sections of this r¢porL
Other information
The tr￿te¢S are responslble for the other informatioL The Ot1￿ inforn]ation comprises tbe infomiation iacluded in the
Annual ReporL other than the financial statements and out Report of the Independent Auditors thcreon.
Our opinion on the f￿anCIaL statements does not cover the other infornlation and except to the exlent otherwise explieitly
stated in our report, we do not cxpress any forni ofawrjn￿ condusion thero)n.
In connection with our audit of the fmancial statementy out Tesponsibility is to Tead the other infonnation an￿ in doing so.
consider whether the otbet infor0￿tIon is rnaterially iQCODSiStent with th¢ financia] statements or our knowledge obtained i
the audit or otherwise appears to be ]￿at￿lallY misstste(L If we identify such n)aterial inconsisteDoies or apparent materia]
misstatements, we are required to d¢tern]ine whether this gives rise to a material misstatement in the fu)ancial statements
then]selves. If, based OD tbe work we have perfornie4 we wnclude that tbere is a material mis5tatern¢nt of tbis other
lnfonnati0￿ we are requir¢d to report that facL We have nothing to rep)rt iti this regar
Matters on whAch we are required to report by exception
We have nothing to report in respect of the following matter5 where the Clwities (A¢¢ounts and Reports) Regulations 2008
requires u5 to report to you if. in our OPiDiOn".
the inforrDation given in the Report of the TrusteL% is inconsistent iti any matffiaI respect with the financial stateJnents"
sufficient accounting records have not been kepL or
the finaucial statements are not in agreetoent with the accounting records and returns or
we have not reccived alE th¢ inforn)ation and cxplanatiolls we rquire for our audiL
Page 9

REPORT OF TEE INDEPEfiDENT AUDITORS TO TRUSTEE5 OF
LOhJ)ON JSLAMIC CULTLIiE AND RECBEATION
o￿Ty
OWN AS ICMG
Responsibilities of trustees
As ¢xyl&'ned ll￿re fully in the Ststement of Tn]stees' Responsibilitses: the trustees are resp)nsible for the pry2r*ion of the
financial statem¢nts which giite a t￿e and fair view. and for such intenul control as Ihe trustees determine ts necessary to
enable the preparation of financial statements that fr& from Malen￿ misstatemenL whethei due to fraud or error.
In pwg the fiD2mcial statements, the trustees are resp)nsible for a%￿Sing the clwity's ability to contimie as a going
concery disclosing. as applicable, mallers related to going concern and us]ng the going cor￿ern basis of accounting unless
the trustees either intend to I1￿￿da* chan.ty or to ¢¢ase operntions: or have no realstic altern*iv¢ but to do so.
Our responsibilitses for the audit of the financial statements
We Iw¢ been app)inted as auditors under Section 144 of the CFarities Act 2011 Teport in accordance with the Act and
relevart re￿atiOnS tn2de or kning effect the￿uT￿Ier.
Our objectives aTe to obtain reasonable assurance abO￿t whether tlk financial statements as a H,hole are f￿e from material
misslalernenl whether due to fi2ud or error. and to issue a Report of the IndeEKndent Auditors that includcs our opinio]L
Reasonable asSUr￿ce is a high level of assllra￿e, but is not a gUa￿ttt that an autht conducted in arxordance with ISAS
(UK) will always detcct a material misstatement w￿n it exists. Misstatements can aris¢ from fraud or error a])d are
considered material if, illdividually or in the aggrega￿. ty could reasonabkj. be exTrected to infiuence the economic
decisions of users taken on the basis of these fina￿131 starements.
The extrnt to which our procedures ate ￿pable of detecting iTffgularitie& in¢ludiDg fraud is de12iIed below;
- Identify ar￿1 assess the risks of Materi￿ ￿n5Statements of the financial statements, w￿ther to fraud or ernr. desi￿1
and perform audit procedures resFrf)rLsive to those risks, aNI oblain audit evidence that is suffAcieni 2nd appTopriafr to
provide a basis for our opiniotL The Iisk of not d¢lecting a material misslatement resulting from fraud is higher than for one
re$￿t￿g from crror. As frnud may involve collusior4 forger),, illientional omissions, n)isrepresentstsons, or the ov¢rTide of
the ititernal cOnt￿L
- Obtsin an understandillg of the internal control relevant lo the audit in order to design audit proceduTCS that are appropriate
in the cireumstanc¢s: bui not for the purposes of e.Iyressing aa opinion on the effectiven¢ss of the ¢hatity's infrrnal conttol.
- Evaluafr the appropriatrness of accounting p)li¢ies used and the reasonableness of accounting estimates and telated
disclosures made by the ts￿lees.
- Conclude on the approptiateness of trustees. use of going CO￿e1n basis of accouniing an¢ based on ts audit evIde￿e
obtainc(I w'heth¢r a material unceLtiinty exists relaied ￿ events or conditiOELS that may cast significart doubt on the ¢harity'S
abJlAty to CO￿lnue as a going cor￿ern and reFK)rt appropriate disclosur￿ in the accounts or in our audit rewrt.
- ETrknte the appropriate presentatio￿ Strnc￿ and content of t￿ fU)a￿la1 stalern¢nts: including th¢ disclosu￿s, and
whether tk fAnan¢ial ststements repiEsent the und¢rlyiJg tran￿alOnS and ￿ents in a n￿)ner that achieve fair preseniation.
- Evaluated the ¢onduct of operations in ￿latioll to laws aTrJ other ffgulations including bul nol Jimited to. intellecttol
property. ¢omtuercial trading data prot¢rtiorL llxbney lauThlering.. and employment. Our evaluauon took account of whcth¢r
any non<ompliatr¢ would have a matetial effe￿ on th¢ fmancia] statements.
We commurricale with tFM)se charged with governa￿ regardi￿(¥ atnong other n)atters: the planned scope and liming of the
audit and siwficant audit fU￿ingS, incluthng any Sig￿fiCa￿ defjciencies in internal control that we identsfy during our
audit.
A further descriMion of our r¢sporLsibilities for the audit of the firon¢￿ statements is located on the Financial Reporting
Council's website at wvrn.frc.org.uk/auditowespollsibiIities. This description forn￿ part of our Rewrt of tF£ IndqKndent
Auditors.
Page 10

REPORT OF THE INDEPEfiDENT AUDIT
RS TO THE TRUSTEES OF
U)NDON ISLATrIIC CULTIRE RECREATION
SOCIETY
ICMG
Other matters which we are required to address
In the pre￿O￿S accounting period the thjstees of the chaEity took advantage of audit exemption under s.144 of the Clwities
Act 2011. Therefore: the prior period financial statements were nol subject to an audiL
Use of our report
Tl)is r4)ort AS made solety to ts CI￿lty's tnjstees, as a bod)", in accollIan￿ Part 4 of the Clwities {Accounis 2nd
Reports) Regulations 2008. Our audit wod( has been underraken so that we rnight s&t¢ to Ilr Ch￿Ity'S trustees those matters
e are reqw¢d to state to thuu An an audiiors, ryrt and for ro other purpose. To the fullest extent ￿T￿l￿ed by law: we do
not accept or assume responsibility to anyone other than the charity aTra the cl)an"ty's trustees as a body.. for OUT audit work.
for this rep)rL or foi the OPiDions we have forn￿d.
M I Ullah {SeDior Ststutory A￿al￿T}
FOT and belwjf of Inam & Co Ltd
Chartered Certified Accountants & Statuiory Auditors
459 Green Lane
Ilford
Essex
IG3 9TD
16th May 2025
Page 11

LOND
N IsL￿￿[c CULTURE AND RECKEATI
"OWN AS ICM
sTATE￿ENT OF FLNANCJAL ACTivrrtES
FOR THE YEAR EIT)ED 4TH NIARCH 2024
Unaudited
2023
Total
funds
as restated
2024
Totsl
fimds
Unrektrictsd Restrtded
fijnd
Note5
tNCOME AND ENDOWMENTS FROM
Donations and legacies
503,053
503.053
95.105
Charitable activittes
Funerni 5ervtces
Student 5UPPOrt
11.935
11,935
46.851
58.361
Investment Ill￿￿¢
169.746
169.746
26,703
Tot21
672,799
11.935
684,734
227 020
EXPENDtruRE ON
Raising fimds
IL.868
11.868
24.064
Cbaritsble activities
Funeral servic¢s
Projects
Adminsstration & 5tipport costs
Cultural attd religious pilgrimages
2.750
2,750
61,645
299,248
2.354
61.645
299248
2.354
5.908
110.465
9,649
4.572
Totfdl
382418
2.750
385.168
154 658
NET nYCOME
Transfers between tsllds
290.381
9.185
33,944
299.566
72,362
Net movement in huds
256,437
43,129
299.566
72J62
RECONCiLIATIOIY OF FUNDS
Total fiwds brought forwanl
676.191
50.677
726,868
414.580
TOTAL FUNDS CARRtED FORWARD
932 628
93.806
1,026,434
486 942
The notes fotm part of these financial statements
Page 12

LONDON
OWN AS ICMG
STATEMENT OF FLNANCIAL POStrIoN
4TtI IIARCH 2024
Un&udited
?023
Total
fi￿d$
as restated
2024
Total
funds
fund
fund
Notes
FIXED ASSETS
Tangible assets
Investments
14
15
3.632.595
3,632,595
646,195
3.465,801
642.813
4,278,7
4,278.790
4,108,614
CURRENT ASSETS
Debtors
PrepayEnents and ae¢rued income
Cash at bank
16
20,632
10.872
34.112
91,123
111.755
10,872
36,795
1683
65,616
93,806
159,422
92.757
CREDrroRS
Amouuts falling due within one year
17
(596,152}
(596,152)
(89,039)
NET CURRENT ASSETS
530,536)
93,806
(436,730
3,718
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,748,254
93,806
3,842.060
4,112,332
CREDITORS
Amounts fallxn8 thie after more than one year
18
(18L5,626)
(1815.626)
(3,625,390)
NET ASSETS
932.628
93.806
1.026.434
486,942
FUNDS
Unrestricted funds
Restrirted fimds
20
932.628
93,806
436.265
50.677
TOTAL FUNDS
1,026.434
486.942
The fiD3ncial stat¢ments Tvere approved by the Board of Tn￿le¢S arLd authori5￿ for issue on 16 May 2025 and were
signed
'J•
its behalf b
U Bilaloglu - T
The notes fo￿ ￿t of these finallciai ststem¢nts
Pag¢ 13

0￿7)0￿ ISLLMIC CULTURE AND RE
SOCtETY
TION
STATEMLYf OF
FLOIVS
FOR ThE YEAR ENDED 4TH NL4RCH 2024
Unaudited
2023
as restated
2024
Notes
Cash flows from operating activities
Casb generated from operations
Interest paid
599.037
(68,999)
90,612
Net cash wovided by ¢)p¢rating activities
530.038
90.612
C2sh llows from investing activitAes
Purchase of tangibl¢ fixed asset5
(211.312
3.465.308
Net cash used in investiog activities
(211.312)
3.465,308
Cash flows from fwcing activities
New loans in year
Loan repayments in year
Loao Reallocated
3,462,156
(66,943)
(56.966)
317 722
Net cash (used inypTovid¢d by ￿￿ncIng activities
374 688)
3J95,213
Change in tasb and casb ¢quivaleDts in the
reportiog period
Cash and cash equivalents at the b￿ll￿nIng
of the reportiDg period
(55,962)
20,517
72.240
Cash and casb equivalents at the end of the
reportin¥ period
36.795
92,757
Th¢ notes forni part of thes¢ fman¢iai statem¢nts
Page 14

LONDON ISLAMIC CULTURE AND RECREATION
So￿Ty
NOTES TO TKE FLNANCIAL STATEMENTS
FOR THE ITAR 4TH MARCH 2024
ACCOUNTING POLICIES
Basls of prep2ring the financiaj statements
The fiuanckal statements of the chaTity. which 15 a public benefit entity under FRS 101 have been prepared in
aC￿rdance witb the Clwities SORP (FRS 102) 'Accounting 2nd Reponing by Clwities: Statement of
Recornrnended PTactice applicable to Ch￿ltieS PTeparing their accounts in accordance with tbe Financial Reporting
StarAdard applicable in the UK and Republic of ITeland (FRS 102) (effective l January 2019),, Fin￿¢￿aL Reporting
Standard 102 The Finallcial Reporting Standard appIl￿ble in the UK and Republic of Ireland, and the Charities Act
2011. The financia] STateDwnt5 bave been prepared under the historical cost Conventio￿ with the exception of
invesfments which are induded at market value.
The presentation currency of the financial statements is the Pound Sterling (£) which is also the fim¢tional currency.
come
Unrestricted income is avai13blc for expendiWr¢ approved by the Board. RestTiCted income is available for
expendittwe in accordance with the Pu￿05¢ specif￿1 by the donor. tncome is credited to the Statctnent of Financial
Activiti¢s when entitlement can be dem¢)nstrate& r￿elpt is probable. and the amount ¢an be reliably measured usin8
¢ither the perfornwice rAodel or the a¢¢rual model.
2) Dongllons and legacies
Donations from support¢TS are accouat¢d for wheD received PecuDiary ic8acies are r¢¢ognised on notification
provided there is no known dispute and evidence there are suffi¢ient moDies in the estate to rnake a dtstributio
Entitlement to other lesacies is deemed to be at the earlier of payment being re¢eived or nOtifi￿70n of a dIS￿l)ution
or notification of the fll)￿ estate a¢¢ounts being approved by the executor&
b) Membership income
The membership is recowsed when membersbip tegistration process is completed and fee is receivoj.
Expendithre
Liabilitie5 are reco8nised as expenditsjre as soon as there is a legal or constLu¢tive obligation conuJ)itting the charity
lo tbat ¢xpendiDJre. it is probable that a transfer of e¢onornic benefits will be rquired in settIement and the amount
of the obligatioll can be m￿sured reliably. Expenditure is acc4)Unt￿ for on all accruals basis and ba5 been classified
und￿ headings that awegate all cost related to the category. Where ¢osts cannot be dire¢dy attributed to Particular
beadings they hav¢ been allocated ￿ activities on a basis consisterjt with the use of resources.
Graats offered subject to conditions whi¢b have not been met at the year end date are noted &s a commitment but not
acC￿ed ￿ expeDdifur
Cbaritsble actiI4ties
In respect of income from govetnn]ents and other institsjtional douor% ¢ntitlement is obtsined when only
adJJ)inistrdtiv¢ requireuwits cxisL and all disbutsanent and other entidemeDt conditions aTe satisfied.
Taxation
The charity is exempt from tax on its cbaritable aclivitie&
Fund accounting
Unrestricted funds can be used io awordance with the ¢haTitable objectives at the discretioa of the trustees.
Restiicted fi￿(ts ¢an only be used for particular restricted purposes within the objects of the clwity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purpses.
Further explanation of the Datt￿e and pu￿￿Se of each fund is induded in the Dotes to the financial slateraents.
Page 15
contitiue¢L..

LONDON ISLAMIC CULTURE LYD RE
0￿ETy
TION
NOTES TO THE FIN.4NCKAL
TATEMENTS - tontioued
FOR THE YEAR LJry)ED 4TH NIARCH 2024
ACCOUNTING POLICIES- eontinlled
Forei.on t]Jrrenties
Assets and Ikabi]ities in foreign currencies are I￿r￿lated into sterling at the rates of exchange nlling at the statement
of fll)ancial position date. Transactions in foTeigD currencies are translated into sterling at the rate of exthng¢
njling at th¢ date oftransaction. EAGhange differences aT¢ tskeD into account ID arrivitig at tbe opeTating result.
Basis of preparation and assessment of going contern
At th¢ time of approving the charity annual accounts the trustees have a reasonable expectation that the charity has
adequate resources to continue its operdtion foT the foreseeable futu
The ch￿Ity'S 2024 balance sheet És sbowing an excess of its current liabilities of £436.730 (2023.. £3.718. a net
current ￿et position). this deficit has reslllted tDainly due to amounts of £323,376 owed for other long t¢rni loan
obligation which are due within onc year and other payables owed to the same partner in GenDany.
The Tntstees have made appropriate enqLtirtes and bave reasollable expectation that the clwity bas adequate
resources and fiJndiDg support to meet its liabilities as they fall thie. As detailed ID the trustees, report ullder the
heading "PlaDS for firture. the charity is actively expanding its ¢baritable operntioos to incr￿e its in¢ome and
Charitable operations.
If the Charity is unable to geDerate an increase in its income in line with its expectations and therefore will be unable
to Tepay its obligations includin8 amounts owed to IGMG ill Germany. However, IGMG bave given an undertalang
to provide the ¢b8rity financial support for tELe foreseeable fvture aud also is C￿￿entlY ID th¢ process of restructuring
its long-term loan to ease up tbe Chariry's cashfiows.
Statement of Cash Floiys
The charity uses tbe indirect method to present its cash flows from operdting aetivitie5. Cash flows from operating
activitie5 are generdlly the cash effects of events that enter into the det¢rmination of net income. Classes of cash
flows are investing. fillanci￿ and operating 8Dd require5 th¢ CFority to classify each cash receipt and cash
payLnenC in one of tbese three classes. The ¢las5ification is based on the nature of the clth flow, without regard to
whether a cash tlow stems from another irenL A cash flow is f￿st evaluated to detemiille if it roe¢ts ¢ith¢r th¢
definition of an investing or finan¢ing casb flow. If a cash flow does not meet the d¢fiDition of an inv¢sting activiry
or a flljancing activity. the cash flow is dassified a5 an opttating activity.
Accrlled income
Accrued income represents a best estimate of the recoverable fair value of services ￿Or work perfoKm¢d on
n]att¢rs at the year*nd after deductiog amounts in respe¢t of matters, where the right to coLsideration depends on
fvbjre events.
Trade debtors
Trade and other debtor5 tbat are receivable ￿thIti one year and do nol CODStitute a flljancing tT8Dsaction aT¢
recorded at the undiscounted amount expected to be received Det of impairment.
Investments in subsidiaries
Investments in subsidiaries are accounted for at cost less itnpairnieDt in the individual fmancial statements of the
parent undertaking
Rentsl income
Reutai in¢ome from an opctatlng lease is recO￿lS¢d on a strnighr-line basis over the life of the lease even if
payments aTe not madc on that basis.
Page 16
continued...

LOYDOI% ISLAMtc
sOc￿Ty
SICM
TES TO THE EY￿￿NcIAL STATE￿￿￿Ts . continll
FOR THE YEAR E￿￿ED 4TH 2024
ACCOiINTING POLIC￿ - continued
Interest Teeeiyable aDd payable
Interest receivable or payable is credited or Gbarged to th¢ incom¢ and expenditur¢ account in the fjnancial year io
which it rdate5.
Financial liaboities
Finanelal liabilities and all other finaneiaj liabllities are beld at amortised cost using the effective interest rate
Metho￿ this includes loans.
Fiied assets
Tangible Fixed Assets
Land aDd buildings are stated at o)sL Only buildings are depreciared over their economic life Oll a strdigbt-line
basis. The ¢¢onomic life is currently estimated not exceed filty years.
Fixtures and fittin8s - depreciated at 20¥0 straight line basis
Repairs and Maintenance Expenditwe to eDsure that a tangible fjxed asset maintains its previously recogrtised
standard of performance is expensed in the ptriod it is in¢urre
Financial instrnments
Loans Teceivabl¢s are carried at a)nonised ¢ost using the effective iDterest rate method l&ss any allowance for
esTimated impairments. A PTovision is estsblished for impairments when tbere is objective evidence that the Cbarity
will not be able to ¢oll¢ct all arnounts due under the oriwa] trrn]5 of tbe loan. Interest income, together with losses
when the loans are impaired are recoguised on an effective interest basis in the profit and loss attount.
Cash and cash equivalents
Cash and cash equivalents iDclud¢ deposits repayable on demand without penalty. Short term money market
deposits and fixed tern] cash deposits wbicb do not mp£t thks criterion ar¢ held under current assets &s short-terni
deposits. Cash and bank deposits are stated at the casb amounL
DONATIONS AND LEGACIES
Unaudited
2023
as restated
2024
DonatioDS
Cultural and r¢Jigious pi18rima8es
Grants
462.985
9,719
30,349
89,105
6.000
503 053
95,105
Page 17
continuetl..

LO.NDOLY ISLAMIC CULTURE AND
CREATION
SOCtETY
OWNA
ICMG
NOTES TO THE FINA
IAL STATEMEf¥TS . tODtinued
FOR THE YEAR ENDED 4TH .
CH 2024
STMENT ￿COmE
UtsauditeAI
2023
a5 restated
2024
Rent receivable frorn Social inve5tDwIts
169 746
26,703
INCOME FROM CAARITABLE ACTIvrrIES
Unaudited
2023
2024
as reststed
Total
activities
Funezal
services
Income from cbaritable
Income from Charitable activities (Funeral
a¢tivities)
58.361
LL.935
46,851
11.935
105.212
RAISING FUNDS
Other trading activities
Unaudited
2023
as reststed
2024
Evellts & Publications costs
24.064
fvnding of
activitie5
(see note
Support
costs {5e¢
note 8)
Totals
Funeral s¢rYÈces
Pioj¢cts
Administration & support Costs
Cultural and religious pilgrimages
2,750
61.645
2,750
61,645
299.248
2,354
299.248
2,354
66,749
299 248
365.997
Page 18
continued...

ONDON ISLAMIC CULTURE AIYD RECREATION
SOaETY
NOTES TO THE FLNAN
STATEMENTS - continued
FOR ThE YEAR Eh'DED 4TH MARCH 2024
GIL4NTS PAYABL
Unaudited
2023
as re5tsted
2024
Funeral services
Projects
Cultural and re]igious pl1￿￿nag¢S
2.750
61.645
2J54
5,908
9.649
66,749
15.557
SUPPORT COSTS
Infornution
tcchnology
Finance
Other resources expended
Administration & support costs
2.747
1,462
150.327
136 959
150.3?7
136.959
4.209
Goven)ance
costs
Totsls
Other ieso)rces expended
AdministrnTion & support costs
1,116
7,303
299.248
10.500
1.116
13.940
306,551
Support cost& induded in the abov¢. are as follows:
Management
Unaudited
2023
2024
as restated
Administration
& 5UPPOrt
Costs
Totsl
activities
Wages
Social security
Rates and water
28530
18
15,193
2.364
20286
3,849
2,172
16.017
17,025
219
462
1,929
7.386
7,876
838
15.712
23.862
873
Light 2nd heat
Tel￿bone
Postage and statAon¢ry
Travelling & subsisten¢e
Consultancy fees
Depreciation of tangible and heritsge assets
L05s on sale of tangible fixed assets
61.063
835
1SOJ27
76,182
Page 19
Contillu￿..

NDON ISLLMIC CULTURE AhT) RECREA
SO￿ETy
"OWf*' AS ICMG
ON
NOTES TO THE FINLN
ATE￿NTs . ¢oDtinued
FOR THE YEAR El￿￿ED 4TH MAR
H 2024
SUPPORT COSTS - continued
Finance
Unaudited
2023
as restated
?024
& support
¢05ts
Totsl
activitie5
Bank charges
Exchange differences
Bank interest
746
67214
68.999
1.083
136 959
1.083
Unaudited
2023
as r¢stated
2024
Total
activities
expcnded
Sunthies
1.116
606
Governan¢e costs
Unaudited
2023
Te5tsted
2024
Administration
& support
costs
resources
expended
Totsl
a¢tiviticg
Total
activitics
Auditors, remuneration
AccountanGy and le￿1 fees
io.soo
10,500
10.500
13.940
AUD￿OR5, RE￿[uNERATIoN
Unaudited
2023
as restaled
2024
Fees payable to the charitys auditors for the audit of the cljarity's fllwicial
statements
10.500
Page 20
oDtinued...

LONDON ISLAMI
CUL
SOCIETY
D RECREATION
NOTES TO THE
NCIAL STATEMENTS - conlinued
FOR THE YEAR LIIIED 4TH 11£4RCH 2024
10. TRUSTEES, REMUNERATION A￿D BENEFrrs
There were Do tn￿, Temuneration or other benefits for the year ejthd 4th Marth 2024 ]Jor for the year ended
4th March 2023.
Trnstees, expenses
There were no trust¢¢s' expenses paid for the year endtrj 4th March 2024 nor for the year ended 4th March 2023.
ADMINISTIL4TIVE AND SUPPORT
ii.
Unaudited
2023
2024
Wages and salaries
So¢ial security costs
28,530
18
17.025
219
28.548
17.244
The averd8e monthly nutober of employees during the year was as follows:
Unaudited
2023
as restated
2024
Admin
No employees re¢¢ivcd emoluments in extess of £60,000.
12.
COMPARATIVES FOR TI[£ STATEMENT OF FINANCIAL ACTtVrnES
Unrestricted
fund
Re$tri¢ted
fiwd
Tota]
nds
as restated
INCOME EI¥DOWMENTS FROM
DonatiODS and legacies
95,105
95,105
Charitable actiVAties
Funeral serwic¢s
Swdent 5UPPOrt
46,851
46.851
58,361
58,361
Investment income
26.703
26,703
Total
180 169
227 020
Raising fiwds
24.064
24,064
Cbaritable acliiities
Proj¢¢ts
AdmIni￿tiOn & support costs
Cultural 2nd religious pil8ritna8e5
5.908
110.465
5.908
110.465
9,649
9.649
Page 21
contLtll￿...

ON ISLLMIC CULTURE AIYD RECREATION
OCtETY
NOTES TO THE FINLN
STATEMENTS - Continued
FOR THE YEAR E)I)ED 4TH
CH 2024
12.
COMPAIi4TIVES FOR THE STATEMENT OF FtNANCIAL ACTTVITIES . continued
LfDrestrKcted
fuDd
Restricted
fund
Total
fijods
as restated
Other
4.572
Total
145.009
9,649
154.658
NET INc0￿E
35.160
37202
72,362
RECONCILIATION OF FUNDS
Total funds brougbt forwird
As previously reported
loi year adjustment
641.031
239.926)
13.475
654,506
239.926
As restated
401.105
13,475
414.580
TOTAL FtrNDS CARRIED FORWARD
436.265
50.677
486,94?
13.
The prior year adiustm¢nt of £239,926 is made up as follows:
l. A prior year adjustment of £71693 h&8 been made in respe¢t of loan interest charged for the year ended 4 March
2023 as it was omitted
2. A prior year adjustment of £163,233 has been made in respect of tra￿$￿tion of the forei￿ year end loan balance
for the year ended 4 March 2023 as it was omitted.
Pa8e 22
conttnueiL..

LONDON ISLAMIC CULTURE Ahl) RECREATION
NOTES TO THE FINANCIAL STATEMENTS . continued
OR THE YEIiR ENI)ED 4TH.IL4RCH 2024
14.
TANGtBLE FIXED ASSETS
Freehold
propety
and
fittings
Totals
COST
At 5th March 2023
Addilions
Disposals
3,461308
193223
6,556
35.469
3,468.864
228.692
At 4th March 2024
3.655,531
38.469
DEPRECIATION
At 5th March 2023
Charge foi year
Eliminat¢d on disposal
3,063
7,952
(2.721)
3.063
61.063
(2,721
53,111
At 4th March 2024
53,111
8294
NET BOOK VALUE
At 4th March 2024
3,602.420
30.175
3.632.595
At 4th March 2023
3 462,308
3,493
3,465.801
Included in cost or va]uatioo of land and buildings is fr¢ehold land of £l.000,000 which is noi depreciated.
The freehold property has a lega] char8e over it to secure funding provided by Ibe Gernian lender EMUG ev.
15. FIXED ASSET INVESTMEiYts
Unaudlted
2023
as restated
2024
646.194
642.812
Other
646,195
641813
Other
loans
At 5th March 2023
New in year
642,812
3,382
At 4th Marth 2024
646.194
There were DO investtnent Lssets outside the UK.
Page 23
continued...

ON ISLLMIC CULTURE AND RECREATION
OCtETY
ASI .
NOTES TO THE FINLN
ST.4TEMENTS - tonlinued
FOR THE YEAR EIYDED 4TH ILARCH 2024
15.
FIXED ASSET tNVESTM£iYfs . ¢ontiAued
]nv¢stments (neither listed nor unlisted) were as follows:
Unaudited
2023
as resttted
2024
Jnvestment in subsidiaries
The Tn￿tee5 have r¢assessed the cost of the investment in its subsidiary and funding provided so far to acquirc a
freehold PTeiDiS¢S to set up an educational school. Previously. this was preseDt¢xl as a debtor- amounts owed by the
subsidiary undercaking of £ 642,812 alld decided to embed the balauee within tILe cost of the investment in
bsidiary due to the nature of this investmeot and sbared characteristic& At presenL the subsidiary is dormant and
on¢¢ it is fillly operational, the school building is to be used to for Licars '5 objcctives and aim to meet its day to day
operdtions. TILe 2023 comparative has bccn restated to retlect this chantre.
16.
DEBTORS: AMOUNfs FALLING DUE WITSIIN ONE YEAR
Unaudited
20?3
as restated
2024
Trnde debtors
Other debtors
91,185
20,570
111,755
17.
CREDITORS: AMOUNTS FALLING DUE WITEIIN ONE YEAR
Unaudftted
2023
as restated
2024
Trade creditors
Other crediiors
233286
362.866
81.419
7.620
596.152
89.039
Page 24
continu¢d..

LONDON I
ATION
"ONVN AS ICMG
TES TO TItE FtN.4NCIAL STATEMENTS - CODtiDued
FOR THE IEAR ENUIED 4TH TrIAR
2024
18. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
Unaudited
2024
as restated
Other creditors
1815.626
3,625,390
The other loan was PTovided by IGMG - (Gern]any) to Lic3rs and has a close working relationship with the charity.
The loan is scheduled to be repaid by 2032 and attrd¢ts an interest of 2.50/0 pa. The loan is sttured by way of a leiyal
charge ovu the freehold propety.
19.
SECURED DEBTS
The following secured debts are included witbin creditors:
Unaudited
2023
2024
as restated
Loau from ICMG Germany
3.139.001
3.462.157
The loan 15 repayable in instslnwits and is secured over the freehold property.
MOVEMENT IN FiJNDS
20.
Net
ovement
D fLmds
Transfers
between
funds
At
413124
At 513r23
Unrestricted funds
General fijnd
676.191
290.381
(33,944)
932,628
Restricted funds
Restricted funds
50.677
9,185
33.9
93,806
TOTAL FUNDS
726.868
299.566
1.026.434
Net rnovement in fimds. included in the abov¢ are &8 follows:
Incoming
Resources
cxpended
Movement
in funds
Unrestricted fund¥
General fimd
671799
(382,418)
290J81
Restrieted fonds
R¢stricted funds
11.935
(2,750)
9.185
TOTAL FUNDS
684,734
385.168)
299,566
Page 25
continued...

LONDON ISL4MIC
SOaETY
'OWN AS IC.MG
NOTES TO THE FLNLNCIAL STATEMENTS - eontitiued
FOR ThE YEAR ENDED 4TH.MARCH 2024
20. MOTrTTh￿N[ IN FUNDS . eontinlled
Compardtives for moveffjeDt in fuyjds
Net
movement
ill fijnds
At
413123
At 5rJr22
adjustment
Unrestricted funds
General filltd
641,031
(239,926)
35.160
436.265
Restricted funds
R¢stricted fun(Ls
3.475
37202
50,677
TOTAL FUNDS
239.926)
72,362
486,942
Con]parntive act jn0vem￿t in fi￿d$. iDcluded in the above are as follows:
Incoming
Tesources
Resources
expended
Movem¢nt
in funds
Unrettrieted funds
General fund
180.169
(145,009)
35,160
Restricted funds
Restricted fullds
46.851
(9,649)
37,202
TOTAL FUNDS
227 020
154.658)
72.362
A current year 12 months and prior year 12 mooths combined position is as follows."
Prior
Net
movemeot
in funds
Transfers
between
At
413124
At 513122
adjustjnent
UDrestrirted funds
General fund
641.031
(239.926)
325,541
(33.944)
692.702
Restricted hnds
Restiicted fimds
13.475
46.387
33.944
93,806
TOTAL FUNDS
654.506
(239.92
371.928
786,508
Page 26
continued...

NDON ISLAMtc
sOc￿Ty
ON
WN AS ICMG
NOTES TO THE FJNLNCtAL STATEMENTS - contillued
FOR THE YEAR ENT)ED 4TH IL4RCH 2024
20.
MOVEMENT IN FUNDS . tontinued
A ¢UTrent year 12 months aDd prior yw 12 moDths COD]bined Det D)ovement in fiJDds. included in the above are as
follows:
Jncoming Resources
T￿OurCeS
expended
Movement
in funds
Unrestrieted funds
General fund
852.968
(527,427)
323.541
Restricted thnds
Restricted funds
58,786
(12.399)
46,387
TOTAL FUNDS
911.754
539.826)
371.928
The to￿ reserves at 0510412023 have been restated from £726,868 to £486,942 making prior ycar adjustments
of £239,926 details of which are provided in not¢ 13.
Transfers between funds
£33,944 has been transfeJT¢d from unrestrieied fLmds to restri￿ed funds to reflect the fact that the fimeral servi¢es
are now the only restricted fimds that should bc carried forwaTd.
21. RELATED PARTY DISCLOSURES
The LICARS is required to disclose material transactions with related parties. both individuals and entities that bave
the potential trj control or infiucucc exchanges with the ¢lwiry.
Tbe folloTrving trnnsartions were ￿rIed ollt with the related parties:
Transaetion Ivith Trnstees
Duriug the year, the Chair WntiibUt￿ towards general donation iotatlin8 of £40,257.
DuriD8 the year. the trustee R ￿ke colltn￿Ulcd toward5 donation totslling of £240.
Transaction Mith MaDggemeDt Council
Durin8 the y¢ar, Mehmet GuThgOrdfj ¢ontnThuted to general dOnat1¢X￿ of £240.
During ihe year, Mustafa KiTanoglu contiibuted gener41 donations of £13.000 which were coUe¢t¢d on Licars
behalf.
During the year, Ibrahim TQrkmen paid io genernl donation of £3.350.
Tr2llSaCtion with conuected and affiliated charities
Durlng the year Hasene Humanitarian Aid UL a UK clwity. paid the elwity a totsl of £36,000 fot the use of the
LICARS seLrEtariat aud its fackLitie& The coDllectd entity provided a grant of £30,349 towards LÉcars'
hum•)itarian projects.
Page 27
contitiued...

NDON ISLAMI
SOaETY
RE AM) RECREATIO
NOTES TO THE F￿￿NCIAL STATEMEN
- eontinoed
FOR THE YEAR LIry)ED 4TH MARCH 2024
21.
RELATED PARTY DLSCLOSURES. continued
The AlbeTonius Foundation wbose t￿￿e¢S are Ulyde Bijaloglu and Rifat Gokce are also tn￿ of Licars. The
Alberonius Foundation paid for Studeni Acwmmodation as rental income of £120.000 for the use of the Licars
secretsTiat faci]ities and stydent bostel accommodation.
ICMG GerLuaDy- Loan
The otheT loan is provided by JGMG - [Genr￿ny} and LICARS has a cl()se working relatio]tship. The loan is
scheduied to be repaid by 2032 and attracts an interest of 2.5% ￿ The loan is secured by way of a legal cl)arge over
the Freehold propety.
LICARS affiliated tharitie8 are not onder common covtroI and vite versa. However. they have Clo￿ working
and bence below tr2nsYdction Ivere recorded during the year.
ICMG - Edmonton braDcb paid relltal in¢om¢ of £18.0(K) for the use of tbe Licars se¢retarAat facititie5.
ICMG - Bexley. Brishton and Pcckbam Mosque reniitted surns of £4,692 with respect of sale of Licars publications.
ICMG - Gennany paid general donation income of £10,122 towards the improvenwit and completion of Li¢a
Youth Centre facility.
22.
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITtES
Unaudited
2023
as restated
2024
Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustnjents for:
Depreciation cbarges
Loss on disposal of r￿ed assets
Intsrest paid
Unrealised FX Ioss
Prior Year Adjustment
ncreaseydecrease in debtors
Increase in cr¢dit¢)rs
299.566
72.362
61,063
835
68,999
67.214
19.680
( 102,057)
183.737
873
(76,693)
{163,233)
9.750
247,553
Net C8$h provided by operations
599.037
90.612
ANALYSIS OF CHANGES IN NET FUNDS
non-C&8h
chaD8es
At 513Q3
Casb flow
At 413124
Net ca5b
Cash at bank
92.757
55.962
36.795
92.757
55,962
36,795
Debt
Page 28
¢onlinucd...

K￿0
NOTES TO THE FINANCIAL STATEMLNTS . continued
FOR THE ITAR l)ED 4TH IMARCH 2024
ANALYSIS OF CHANGES IN NET FUNDS - continued
Debts falling due
within l year
Debts falliug due
after l year
323,376
323.376
3,318,520
(742.820
239,926
2.815.626
3.318,520
419.444
239.926
3.139.002
Tots]
3.411
475.406
3 175.797
24. CREDITORS AMOt)NTS FALLING DUE WITIHN ONE YEAR
Included in otber credirors is £323.376 amouats owed to EMUG Ev.
Page 29

LON
ON ISLAMIC C
SOaETY
ICMG
DETAILED STATEMENT OF FLNLWCL4L AC
FOR THE YEAR ENIIED 4TH TrL4RCH 2024
Unaudit
2023
as restated
2024
tNCOME AND ENDOWMENrs
Donations and legacies
Donations
Cultural and religious pilgrimages
Grants
462.985
9.719
89,105
6,000
503.053
95.105
Investment income
Rent rrfeivable from social Investments
[69,746
26,703
Charitsble a¢tivitie5
tncome frotll charitable
In¢ome from Cbaritabl¢ activities (FuneraI
activities)
58,36L
11,935
46.851
11,935
105,212
Totsl i)Jtomin8 resources
684,734
227,020
Other trddiDg activitles
Evellts & Publications costs
Ll,868
24.064
Charitable attivities
Cost of direct cl)aritable activities
66,749
15.557
Support costs
anagement
Social security
Rates and water
losurance
Light and heat
Telephone
Postsge and stationery
Ttavelling & subsistence
Consultancy fees
D¢preciatiOD - Freebold propetty
Depreciation - fixtures & fittio85
Carried fonvard
28.530
18
15.193
2,364
?0,286
3.849
2.172
16,017
17,025
219
462
1.929
7,386
7,876
838
15,712
23,862
53.111
7,952
149.492
873
76,182
This pag¢ does Dot forni paIt of the statutory financial ststements
Page 30

K￿oWN
ICMG
DE
AILED STATEKENT OF FENANCIAL A
FOR THE YEAR E&DED 4TH hlARCH 2024
Unalldited
2023
as restated
2024
ManageubeDt
Brought forward
Loss on sale of tangible fixed assets
149,492
835
76.182
150.327
76,182
Finance
Bank chargts
Exc￿￿OL. differeoces
B2Dk interest
746
67214
68.999
1,083
136,959
1.083
Information teehnology
Repairs and n￿IntenanCe
4209
Other
Sundries
1.116
606
GovernaDee eosts
Auditors, rernuDerdtion
Accountancy and legal fees
10.500
4,572
Total resources expend
385.168
154.658
Net income
299,566
This page does not fonn part of the staThrtory fiDaDcial statements
Pa8e31