Charity registration number. 1057815
LONDON ISLAMIC CULTURE AND RECREATION SOCIETY (KNOWN AS ICMG)
TRUSTEES, REPORT AND
FINANCIAL STATEMENTS
FOR THE PERIOD S MARCH 2024 TO 31 MARCH 2025

London Islamic Culture and Recreation Soclety {Known as ICMGI
Contents
Page
Trusleo5' Report
Indapgndant Audito￿$ Report
Statement of Flnanclal Acliwtl06
10
Cornparats've Statement of Financial A¢livtties
ststemenl of Flnan¢lal P¢$rtlon
12
staternent of Cash Flows
13
Not•6 1¢ th• Stst8m&nt of Cash Flows
14
Notes lo th¥ Financial Statements
1￿28
The fellowing pages do not form part of the ststulory accounts..
Delai18d Statement of Financlal Aclwllie8

London Islamic Culture and ReC￿atIOn Society (Known as ICMGI
Trustees, Report For the Period 5 March 2024 to 31 March 2025
The trustee5 present their report and th8 finan¢ial statements for the period ended 31 March 2025.
Obje¢tlves and Activities
Aims and Objectlvès
Our work is guided by and lo advance th$ Islamic Rèligion,. the education ol Turkish people in p8rti¢ular by the provision of rrKrther tonguè and
English classes," to provide advicè to petsple which assist in relieving their poverty or advancing their 6dueation or protecting or preserving their
health. For the purposes of furtherance of thès& obiecls thè Charrty ainis to undertakes."
lal Setting up sehools, libraries and reading rooms.,
Ibl Publish books, magazine5 and maintain reading room$".
lel Establish accommodations for the needy 3nd help them re-eslablish thamsglvas in society,.
Idl Organise educatlonal seminars and lectures.,
lèl Promote Islamic and Turkish Culture-.
If) WorK in harmony with olher13lamic Institutions and Assoclations.
Slgnlflcant Actévltl•s
Education Programme5 and Conleronce$ For Eldarly And Young. Organising Community Events, Co-opération With other likè-minded affiliatèd
¢harrti8s. organised accommodallons for the n?8dy, pilgrimag8s annual Hajj and Umrah and l$18mic cuttural trlps and funèral assistanc8.
The trustees havg considered the Char(cy Commission'5 guidancè on public benefit, including the guidance 'public beneff('. running a charity
IPB21'. The Trust furthers ils charitable purposes for th? public ben&lit through ils missions and goals.
Our aim is to work to optirnlse our operating mod$ls and ways ol working to reftect our goa15 and values, 8n$uré linan¢i81 suslginability, a¢hi¢v•
¢uteom8s and be accountable lo 811 $t8k&hold•rs. This will be in alignment with our Gurrenl resgur¢¢s and thé financi81 conl•xt.
We are aiming lo undertake a variety of 8elions'.
A¢countabilrty and continuou5 impTov¥ment to have a bettgr overview ol oiir capacity, so we can b¥tter larget support. We wlll slren9th$n
monltoring and evaluating our pr¢gramme lo bettor achieve and demonslrale impact and affirm Supporter cDntribulion$.
We will also look at our own iniernal performance. strengthening our le8rnin9 and davelopment practices as well as our p*rforman¢•
management approach.
Technologlcal enablement- we aim lo improve use of data and digital platforms to improve supporter5, experience ol giving, praylng and a¢tSng
with us. Internally, we will improv8 efficlency through aulomatt4 pio¢e$$e8 of tasks such 85 income and expense processing.
Financial $ustainability central lo our approach 15 Integrating insights from various sources and improved visibility of data In 5UPPOrt ol targeted
fvndraising, w&ll-Inf¢rmèd grant allocations and ease of exp*ndilur8 monitoring.
Publ1¢ B¥n•flt
Tho Irustéos confirm that they have had full règard to thè Charity Commission 5 guidance on public benefit whèn planning. rev1ewing, and
delivering the Charity's activities throughout the year. All ol our programmes are designed lo provide clear, meaningful. and accessible benefit lo
Ihg public, particularly through educalivn. ¢¢mmunity support, and the relief ol need. Our work 15 lo¢used tsn Improving opportunftle$ 8nd
wellbeiiig for Individuals and femilie5, and our recent expansion of weekend education provision reflects Qui commitment lo widening access to
learning and community engagement. In 811 area5. the trustees ènsur• that resources are used effectively and exclusively in lurtherance ol our
¢h3rrt8bl& purposes, so that the greatest pos$iblè bènefit is achieved for the communities we serve.
The objective and activities and achievement se¢litsn of thls report has set out the activities which the Charity undertake5 for the public benefrt.
The Exp¢utivè Committee eonfirms that it ha5 compllerl with thè duty in respect of section 4 of the Charities Ad 2011 to have due regard lo publi¢
b*n¢til guidance published by the ¢omml$slon in datermining the aclivilie5 undertaken by thé charty.
The Iruslee$ ¢onfirm that they have complied with the requlrements ol Sectlon 17 of the Charities Act 2011 to have due regard lo the Char(£y
C¢mmission's guidance on public benefft.
Page 1

London Islamic Culture and Recreation Soclety (Known as ICMG)
Trustees. Report Icontinuedl
For the Perlod S March 2024 to 31 March 2025
A¢hievernent$ and P8rtormanc&
Maln A¢hiev8ments
A review of our achievem?nts and performance
The banelits of the ICMG'S work are to enh8nce fgcilitstlon to humanity, brotherhood and furtherancg of Islamic 6due2tion with current and future
Muslim Communities. The trustees are pleased that the achievements and performance ol the Trust 50 lar, as set out below. which demonstrats
significant end*avours.
Despite the difficult economic clifflalè in the UK and globally, the charrty contlnu¢d to dgliver a range of fundraising activities
ncluding
Ramadan Iftar dinners and community fetes
to sustain ils mbssion, support ils programmes. arsd help complete the Islamic Cenlre's building
improvement5. ICMG 15 plaased to confirm that the building improvement projéct was sueeesslully completed in 2024125.
Durlng the period. we have spent £121,fj70 to ¢omplete th¢ refurbishing of our secrelarlat bulldlng.
We are currently In the process of opening a new branch Sn Enfl?Id.
Our key performane& Indicators IKPI'sl are summansgd in th8 table below..
Key performance Indlcators
Number of fund rai$lng events
Donat'ons
Value of charllable gxpgndi(ures
2025
2024
£209,896
£125,009
£503,053
£385,188
Charltabl• Actlvltle8
The chority arranged workshops, residential camps, seminar5 and talks with Imams at the mosques and community halls. It has also continued lo
provid• UQBAH funeral servi¢gS SUPPOrt to the Ioc81 Muslim community. In addition. though ICMG as a charity is still going through an evolving
stag8. il continued lo expand 11$ r88ch and organi5ed varied progr&mmgS.'
al R¥gular training and Involvtmént in humanrtarian causes and rel8t&d getivrtl8S.
bl Conler•ncès, Quran recilalions and revival- programmes of religious days and nights.
cl R$gulgr ta8chors' meeting5 to Improve the expèrience ol our ¢ommunitlg$ 8nd b•n•ficiaries.
dl Competrtlon and held Mercy to the World workshops.
$1 Op&n Mosque Day even15 lor pur local community, sale ol Islami¢ publlcations and promote goodness.
Q Formalised regional. loc31 br8n¢h èducation commission to oversee and Pfomte education.
gi Meèting with respect of yearly Hajj and Umrah pilgrim- before and after session,
h) Organ$￿ed other yearly religiou$ pilgrimage trips for familles.
il Youth programmes and camp5.
11 Dgy èvents involving children and families, eclivilies.
kl Eid prayèrs and soup seTvings.
11 Qur'an recltation- woekend course for stud8nls.
The charity ¢onlinu8d to support weekend edu¢alion schools in different affilièted branches in Edmonlon, Romford. Peckham, Margale, 8righton,
and Bexley In London. We are currently In tho proc855 of setting up 8 new br4n¢h In Enfiald.
During the period. the charity Invested an additional £183,670 12024.. £193,223) to complete the final phasÈ of rofurbi$hing its $o¢ralariat,
ensuring it can belier meet Iht ¢ontinually evolving needs of vulnerabl8 individuals. the local comrnunrty, gnd ytsung p8opl8 and familios.
Flnanclal Revl?w
Financlal Posltlon
The trustee5 remain dèeply appreciative of the contlnuèd 9enerosity shown by our communrty and supporters during another challenging year,
marked by ongoing pressures on Uk< hou58hold budgets. Despite these difficuhies, our volunteers and donor5 h8ve adapted with resilience,
whilst embracing ways ol engaging with us in traditional fundraising aclivrtifrs are increasingly shifting toward onling giving sin¢è thè pandèmic.
Their eommitment has been both eneoura9ing and essential to sustaining our work,
Total income for 2024125 was £395,80912024'.£884,7341, a de¢r8astr of £288,925 142%) compared with the previous year. The higher income in
2023124 reftected our major fundraising ¢8mpaigns lo complete the building renovation. address capacity pressures. and respond to wlder
economie condrtions. In contrast, 2024125 was a morè settled period. giving u5 Spate lo réfocus and plan for our future pllorilies.
General donations and charitable acithies amounted to £240,557 12Q24'.£614,9881, alongside rental ineoma 01 £15S,252 12024.'£189,7461
r8¢8ived from our connected chariti2s, Hasene and The Alberonius Foundation for the use of our faclliti'es.
-.CONTINUED
Page 2

London Islamic Culture and Recreation Soclety {Known as ICMGI
Trustees, Report (continued)
For the Perlod 5 March 2024 to 31 March 2025
Finanoial Position - continued
As in every yèar. thè majorfty of our income ¢omes from our gr¢>wlng loyal and generous support from our community, partner5 and affiliated
CMG organisab'ons.
We received £209,89612024.'£503.0531 in general donations and legacies from those supportars.
The total resources expended amounted lo £125,00912024.'£385,1681.
The nel surplus f¢r th• peri¢d amounted to £270.eoo12024."£299.5661.
Re5•rve$ Poll¢y
Every yéor. th8 tTUSteés seèk to sèt aside sufficient ￿seN9S lo &n5ure a balane? belween spendlng lo meet the immediate needs ol our
operations and protecting our luturg work. This setV89 85 having a buffer and allows time to adjust the charity lo any unexpeeted tsperational
¢hallènges should therè be a large reduction in thè amount ol in¢¢me w$ r¢¢8iv&. Thg Iruslges are aiming lo maintain a fluid reserve sufficient to
moèt ongoin9 opèrational needs and manage fi'nancial risk$.
The total aocumulaled reseryes at 31 March 2025 were of £1,297.23412024.'£1,026,4341.
The trustees consider the reseryes are sufficient to continu& the charity's activities in the future years.
Other matters
chango of the ¢harlty'$ annual r8portlng date
In 2024125, the Board of Trustees reviewed ils historic yearly reporting dale lo14th March) wlth thè Charity Comml$$lon and for the purpose ol
better reporting have decided to change 115 annual reporting dale to, 31 March.
Sub¥ldl4ry und8rtaklng
Tha Charity subsidiary's 2025 annual accounts reading 8 deflelt on ffs balance shèot of £6,160 12024.£6.2501. The Bubsidiary is in not In
operational mod& and thè Charity will continue to provide financial support, should such a nead arise.
Envlronmgnlal 8tewaTd¥hlp
Wa aim to develop and oslabllsh ICMG'S Carbon loolprint bul has been d&lay¥d due to op8rati¢nal con$lrainl$ and would try lo largel by 2030. In
th• m8antlm8, we ¢ontinu8 our efforts lo reduce our own frmlssions ond improve our carbon lootprlnt through ¢ur internal Inllialives.
statement on Safeguarding
W4 or? committed lo raeognislng thè safeguarding ol all peopla we work wlth, espécially vulnorable yroup$. We have g particular conc8rn t¢
onsure children, young people and vulnerable adults are sal8guarded and reco9nise we have a special duty of caro and respect towards them.
Wè are committed to upholding professional conduct in all areas of our work and creating an organisational eulturè that priori115e$ safeguarding
and ensures 8 sale 8nd trusted environment lor all who com8 into contact with us.
statement on fundral$lng
We respect the rights. dignity and prlvacy of our 5UPPQrters. We will not pul undue p￿Ssure on sUPPOrters lo make a gift and il a supporter does
not want lo glve. or wlshes lo Cease glving, we r*sp$el their d¢¢ision and act on thi$. We offer supporters choice5 about how they wish lo be
conlaoted and we Tespond to roqug$15 lo trnd ¢pnlgcl.
Trustee r13k management Jtatement
The princlpal risks laced by the Trust lie in the P9rforman¢e of thp Chartty.
Risks are lactois that could stop us from achieving our plans or goals.. they may be of financial. political. rogulalory, governance OT
operational. While we try lo limit risk, we cannot prevent 811 events from occurring. That is why we have actions and controls in place to reduce
negative impacts. Identitying 8nd addressing the most S1gnificant Tisks helps reduce the possibility of financial lo$$ or damag0 to ICMG'S
reputation and ensures efficient use ol resources. We pay particular attention to risks that would have the highest impact on the charrty. if they
carne about. Our risk management is proactlve. Identifying and assessing key risks beforehantl. 1115 integrated into all our work, planning and
deci519n-making processes, Tèam collaboratas with m8nag£m8nt c¢mmrttÉe and trustees to Idéntity rlsks and develop miligalion str81egies. At
the org8nisationg1 levèl. truslaes revièw ICMG'S risk règister at least ennually. gnsuring significant risks arg managed properly.
Th¢ operatlonal risk from Ineffectlve Intèrnal controls and procedures.
The Trustee5 have a55essed the major llsks tD which the charity is exposed, in p8rticul8r th0$8 related to its regulatory, operations and finances,
3nd ar& satisfied that systoms and procedures are in place to mitigate exposure to the major risks. The trustees are of thè tspinion that tbe charity
is not exposed to any major risks as r( has a heathy reserve position and is not wholly dependent lor funding on its membors. which 15 growbng.
The trust?gs regularly rèvièw the operations of the eharity including any changes to the service delivèry to idèntify kèy risks ?gainst the cover
provided by the current insurance policie5 which are then rethnegoliated rf required to ensure adequaoy of cover.
.CONTINUED
Page 3

London Islamic Culture and Recreatlon Society {Known as ICMGI
Trustees, Report (continued)
For the Period S March 2024 to 31 March 2025
Oiher mattor¥- contlnued
An economic downturn ¢ould havè • dlr¢rt impa¢t on our donors, ability to continue its support. The economlc and political landscape is un¢ertain
and Gould have a signibcant impact on ¢ash u$8 of the Charity. Trustees therefore aim lo keep abreast of economsc Conditions both in thg UK and
8broad. Overheads are carefvlly monY(orod to ènsurè that rgsourc¢8 are used Offectively.
The Board of Trustees considered that through their de¢151on making In th$ périod, they have acted in a way to promote the ChaTity and for the
ben81￿t of its stakeholder as a whole.
Future D&v•lopmènts
The charity Intends to ¢ontinu¢ expanding its community presence by exploring opportunities to acquire additional buildings. This growth 13 align8d
with our long-term VlSiDn lo inerè8sè access to religious. educational, and social-welfare services for our beneficiarie5. Tru51ees will asse55 each
opportun(¢y carefvlly lo pnsur8 that any acquisition is financially sustainable. strategically approprialo, and fully alignpd wrth our charStable purposes.
In parallel, we ara undertaking a comprehensiv8 review ol our adminlstratlve and organisatlonal inlrastructura. We are currontly awarting formal
advlce from our legal team on th& m051 suitable structural model for our expanding nètwork. This review is a key to our commitmgnt lo
str*ngthening governance, improving operational effectiven855, and ensuring that our internal arrangements remain fil for purpose as the charity
grtsws.
The intended oulc¢m¥ of this work is a more resilient, efficient, and scalable organi58t1or￿ne that 1$ bètter èquipped to support bènèli¢iaries,
manage future growth, and respond confidently lo emerging challenges. Trust&è$ récognisè that strong internal frameworks are essential lo
$U51ainlng Smpacl, sèleguarding charitable a5set5, and deliverlng high-quallty seNi¢¥$ across all Qur eénlros.
structure, Governance and Manag¥m•nt
Govornlng Document
The Trust is a unincorporatad rggist8rfrd charity nLimb8r 1057815 and is guided by rts governlng docum8nl und•r a trust d88d.
Thè trvsteas 8r• responsible lor the ggngral ¢onlrol and managomenl of the charity.
The admlnistralion ol th& Charrty Is vested wlh The M8nagemenl Council.
The Management C)uncil daals with the day lo day affairs of the charlty, 11 carrlgs out or exgculos the objects of the Cherlty as laid out in the
trust's arti¢lès. The Management Council meets at legsl once a month lor discussions and consequential decislons are made on a simple
malorily basls on tha Charity's matters. The Management C¢un¢il 818Cts from amongst themselves a chairman. The Chairman shall ch0058 from
thè members ol the Management Coun¢ll, a Vlca Chairmèn, a Secretary General, A Treasurer. Three olhor member5 shall be elected as active
m¥rnbers.
At the Iruslees, meeting$. thè truste8s agrge the broad strategy and area5 of 4¢twity for tho Trust, including conslderation of ¢harrtablé activities,
investments, reserves end risk monagement polici8s and performance. In assisting the trustèes. the management council mèets weekly. pri¢r to
the main Iruslees, me61ing, to consider and focus on the new projè¢ls. programmas ond neady causes lullilling the relevant criteria and mako
recomrnend8lion$ for othar charitable funding.
Tha management council 13 5UPPOrted by the tgams ol volunt68rs and con51der the monittsrlng information ¢on¢ernlns the p¥rforman¢e of th?
projects lo dale and make roeommendations lo the Iruslees.
The manaooment council have the power to hlre and engage èxperts as educational advisers or counselling. The day-l04ay administration 18
delegal¢d to tha chorty office operational m8n8ger.
The trustees give their Ilme frgèly and receive on remuneration or other finantrial b•neffts.
.CONTINUED
Page 4

London Islamic Culture and Recreation Soclety (Known as ICMG)
Trustees. Report {continuedl
For the Period 6 March 2024 to 31 March 2025
Govèmlng Documènt- continued
The trustees gralefvlly acknowledge the service, dedication and support of management ¢ommittèe$' members.
Organlsatlonal Structure
Management Council rnembe15 arè detsiled below
N4m•s
Mehmet Gtingordo
Mustala Aydin
Mu51af8 Kirgnoglu
Ibrahim Urkac
Roles
Vico President & Organsation President
Vi¢9 Prèsident & Head of Education
Vice PresideTIt & Chairman of Ir5had
H8ad ol Ihsan Seminars
Vlce President & Humanitarian Aid SHB
Pr6sident ol the Women's Organisalion
Presidant DI the Youth Organisalion
President of the Women's Youth Organisation
Head of Inspection
Head of Ac¢ounkn'n9
Vice President & Corporalo Communleations
H*ad ol Adminlstratwe Affalrs
Head of Hajj" Umr&h Trav$1 Affalrs
Hoad of Funeral Service5
Prornolion and Cultural Servi¢0$
Règlonal Secretary
Head of Membtrr¥hlp
H•ad of Real Estate Affalr$
Muslafa Ersoy
Aliye Sert
Mustafa Kucukkos
Falma Simsek
Mustala Aydin
Emin Centinkaya
Orner Mucahld TuredS
Elrahim Slt
Ferdi Yilm8Z
8ahtiyar Kilicarslan
Lalil Cetsnkaya
Emrah Gencan
Mural Kucuk
Akmal Saipov
Othèr mAtters
The ch4rlty'• w•bslts address:.
Icmg.org.uk
other name whlch the eh#rlty uses:.
Islamic Community Milll GOrU5 IICMGI
Engagement wlth employees and vtslunteèr8
The Charity could not function wiihout its staff and volunteers, and trustees consider their needs when maklng deelslons. Thè Management
committ90 team. led by the Chair of ICMG. handles the day-t￿aY administration and rèports to the trustees. The management council
manages ICMG and impSemenls decision$ mad& by tha trustees, who delegate certain p¢wérs to th&m as outlined. The trustees aim to raise
awareness of organisationawide issue5.
Staff and volunteers regularly rocewe governance and flnan¢ial updates. Trustees organise engagernent opportunili?s within board and
commlttee meetings, ctsllaboraling with the team to communicate Lrtecisions effectwely. Spe¢lalist staff members frequently partieipate in these
meetings. presènting theii woik and Seeking input from trustées and specialist advlsers lo guide decision-making.
Governed by the Vvhislleblowing poliey, trustees can hear staff concerns when formal ICMG complaints mechanigms have been exhausted, w(th
elear protocols in place tD resolvè any matters raised in this way.
During th& period. the chariÉy employed 3 12024'.31 full time employeès including an office operational manager to ctsordln8tÈ the ttptrational
wings. All the major actDlities were carried out by the voluntg?rs and Irustea5.
Tho trustees provide Ihelr time and èxpertise to the charity on a voluntsry basis.
Going Concern
The Trustees have 85sessed tha charity's ability lo ¢onlinue as 8 going coneèrn for a period of at lea51 twelve months from thè date of approval of
these lin8nci81 statements. This assessment has considered the eharity's fi'nancial position. csshflow forecasts. operational commitments. and
the availability ol external financial support.
.CONTINUED
Page 5

London Islamic Culture and Recreation Society {Knovm as ICMGI
Trustees, Report (continued)
For the Period 5 March 2024 to 31 March 2025
other matter¥- wntinu
During the linanclal periDd. the ch8rtty held a secured loan wllh ffs principal lender, who maintains a legal charge Dver one of the charity's
propertl8s. Th8 Tru5t8es recggnisgd the importance of 5e¢uring longgl term financial slèbility. In June 2024. within the reporting peiiod, the
lender formally agreed lo reschedule the loan, gianling a three year repayment holid3y confiiming tho1 Ihe108n will bear no interest Ooh over
the s8me period, 2024 10 2026. These revised term5 significantly reduc8 short lerTll c85hflow pressures and materially strengthen the charity,
liquldity p0511ion.
Thè Trusteès hove also ree8ivèd a wntten letter ol financial support from the lender confirming ils intention to continuè providing financial backing
to the ¢haiity for at least twefve months from the date ol approval ol these finaneial statements. Given the lendèr's seeurtd po$((ion and lung
standing relationship with the charfty, thè Trustèes consider this support to be credible and reliablè.
The Trustees have rgviewed detailed c85hflow projections that incorporate the revised loan terms. expected income streams, and planned
expendltur?. Sased on thes$ forecasts. and taking inl¢ a¢¢ounl th& lender's confirmsd support, the Trustetts are salbsfied that the charity has
adequate resources lo meet Ils obligations as thgy fall due.
Aceording5y, the Trusttr6s consider that there are no material unc6rtainti6s that ¢ast significant doubl on the charity's ability to ¢onllnuo a$ a going
¢oncorn. Tht financial statem8nts have therefor• been prepartd on a going concarn b8SIS.
Referen¢e and Admlnl¥tratlve 08talls
Tru8t••8
U 8ilaloglu- 0110312016
R Gokce- 2211212016
M Erguz- 22112r2016
M Gulbahar- 2710812018
Charlty Number
1057815
Prlnclpal Address
399401 High Road
London
N178QN
Audltor8
Inam & Co Ltd
Chartgrad Certiliad Accountan15
& Statutory Auditors.
459 Green Lan8, Goodmayes,
Essex
IG3 9TD
Banker8
HSBC
Unil 6, Thè Lock.
Canal Walk.
Willshire, Swlndon SN1 1 LD
Solleltors
Bates Wèlls & 8rai(hwaite London LLP
10 Queon Street Place
London
Page 6

London Islamic Culture and Recreation Society (Known as ICMG)
Trustees. Report lcontinuedl
For the Period 5 March 2024 to 31 March 2025
P05t Balance She•t £v¢nts
As part of the expansion of our charitable aetwities, particularly to support the developrnent ol our weekend education sehool, the charity has
secured a leased premises in Enfield. This new sile will enhance our capaclty to delrrfer gduc?lional programmes and provide a dedicated space for
children. fan7ilies, and volunteérs to ong&9e in Structu￿£* learning activities.
statement of Tru¥tees' Res￿nsIbIlItI*$
The tru51ees are responsible lor preparing the Trustee5' Report and the financial statemen15 in accordance with applicablg law and United Kingdom
Accounting St8ndards (United Kingdom Generally Accepted Accounting Practice).
The law applicabl¢ to charities in England and Wales require6 the Iru$t$$$ to prepar& financial slalemen16 for e8ch flnancial yoar whlch givè a trLI8
and fair view ol th8 slate of affairs ol the charity and ol the incoming resources and application ol resources of th? chdrtty lor that pérlod. In
preparing the fin8ncial slalpn)$nts the trustees ar& required lo..
select suf(able accounting policies and then apply them ¢onsls18ntty'.
observe the methods and principles in the Charity SORP",
make judginen15 and 3¢counling estimates that are reasonable and prudènt.,
state whether applicable accounting standards have bèen followed., subject lo any departurè$ dis¢l0s8d and èxplained in the financial
statemen16', and
prepare the finan¢lal statomenls on the gobng concern basis unlass it is inappropriate to presume that the charity wll continue in business.
The Irusl8es are responsibl• lor keeping adequate accounting rècords which disclose with rea$onabl$ aceuracy at anytime the financial position of
the charity and to enabl$ thgm to ensure that the accounts c¢mply with the Charities Act 2011, the Charity IAecounts and Reports) Regulations
2008 and th& provisions ol the tru51 deed. Th&y aré also r8sponsible lor saleguardbng th¢ assets of the Gharity and hence lor taking reasonable
steps for the pr&vention and detection of fraud and olber irrègularities.
In $0 far as the Irusl¥e$ are iwar•'.
there Is no relevant audit information of whlch the charity's auditor is unaware., and
the trustees havo takèn all steps that they ought lo havo 18kon lo make tAemsefve5 8war8 of any relgvanl audit information and to establish
that the audilorls aware ol that inlorm8110n.
The trustees, roport was approvèd by the board ol trustees and slgned on ils bohall by..
U Bllalog
Trustee
28101r2026
Page 7

Independent Auditor's Report
to the Members of
London Islamic Culture and Recreatlon Society (Known as ICMGI
Oplnlon
We have audited the financi81 $18temenls DI London Islatll1c Culture and Recreation Society (Known a5 ICMGI Ilhe "charty I for the period ended
31 March 2025 which comprise the Statement of Financial Activities (including Incom8 and Expendlturè Accounti, Statement ol Financial Position,
Slalem8nl of Cash Flows artd the related notes, including a Summary of signtfic8nt accounting polieies. The fvn&n¢i81 ￿pOrting framework that has
been appli8d In their preparation is applicable law arid United Kin9dom Accounting Standards (United Kingdom G8nerally Accepted Accounting
Practicel. including FRS 102'The Finan¢i81 R8portino Standard applieable in the UK and Republic ol Ireland"
In our opinion the financial statements..
give 8 true and fair view of the state of the oharity's affairs as al 31 Mar¢h 2025 and of its incoming resources and applicats'on ol resource$,
loi the period then ended".
have been properly prepared in accordance with United Kingdom Generally AccEpled A¢counting Practi¢8'. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Ba818 tor Oplnlon
Wt ¢onduetad our audit in accordance wllh Inl8rnalional Standards on Auditing IUKI IISAS IUKII and applicablè law, Our resp¢nsibilities under
those standards are furth8r d85cribed in the Auditor's responsibiliti&s for the audit of the financial statements section ol our repc)rt. We are
indèpendent of the charity in accordancè with the ethical requir&ments that are relevant to our audit ol the financial statemonls in the UK, including
thè FRC'S Ethical Standard. ènd wg hava lullilled our other ethical responsibilitie5 In ac¢ordance with these requirem6nts. We believe that the audit
evidence we have obtainod is sufficient and appropriats lo provide a basis lor OLir opinion.
Conclusloni Ralatlng to Golng Concern
In auditing the financial statement5, we hava conclud8d that th8 1rusle65' use ol the g¢ing concern basis ol accounting in the preparation of th8
Ilnan¢lal statemfrnt5 is appropriate.
Based on the work w• have performed, WB have not id*nlified any mat•rial uncertainties relating to pvenls or ¢ondill¥ns that, individually or
colleclivoly. may east significant doubt on th$ ¢harity's abilrty to contlnU• as a going concern for a pèriod of at l•ast 12 months Irom when thè
11nancig1 s18tém8nts are authori59d for 15$UO.
Our respon5ibilitie5 and the responsibilities of the tru51e05 with respect 1¢ goln9 cone*m gre described in the relevant 5eclion5 of this report.
Oth•r Information
Th• other information ¢ompiisés the information included in the annual r8POrt, othèr than the financial statements and our auditor's report thereon.
The tru5te85 ere responsible for the other inform81ion contsinèd within thé annual report. Our opinion on Ihe financial statémènts does not ¢over th•
other inlormatson and we do not expres5 any form ol assurancè conclusion thereon. In connection with our audit of thè lin8ncial slatam6nt$. our
responsibility Is lo read the other informallon 8nd. in doing so. consider whether the other inlormallon is matorially inconsistènt with the lin8nelal
51atem&niS or our knowledge oblelned in th& audr( or otherwise appear5 to be materially mlsstated.11 we identify such material inconsistencies or
appartrnl material misstatements, we are rèquired lo determine whether thi5 give$ ii5e to g matarial misslatemenl in the financial statements
Ihem$elvès. If, based on the work we havè performed, we conclude that there is a m&terlal misstatèment of this other information. we are required
to T8POrt that fact.
We have n¢thing lo report in thi5 regard.
Matt¢r8 on Whlch We Are Required to Roport by Excepflon
Wa h8ve nothing lo report in respect of the following matters in relation lo whl¢h tho Ch8rities (Account3 and Report31 Regulations 2008 require u5
to report lo you If, in Qur opinion..
the information givèn In the Trustees, Report 15 inconslstenl In any malorial respect with the linancl818latemenls,' or
suffici8nt accounting records have not been kept.. or
the financial statements are not in agreement with th8 accounting records or returns., or
we have not rgcèNed all the informat'on and expl8nation$ wa require lor our audit.
R•sponslbilltles of TTUStee$
A$ axplained more fully in th& Trusteas, Re6ponsibililies Statement 3et out on p890 1 7, the trustees are responsible for the preparation of the
financial ststemenls and for being satisfied that they give a true and fair view. And lor sueh internal control as the trustees delemiine is necessary to
enable the preparation of financial statements that are fre8 Irom matorial misslalemenl, whether due to fraud or èrror.
In preparing the financi81 statéments, the trustees are responsible for assèssing the charity'5 ability lo continue a$ a going ¢oncgrn. di$¢1ts5ing. 8S
app5icable, matter5 related to going concern and using the going concèrn basis ol accounting unle58 thÈ tru$leÈs erf¢her intènd to Iiquidato the
charity or to ￿8S￿ oparations, or have no realist1¢ 311ernative but to do so.
Page 8

Independent Auditorfs Report {contlnuedl
to the Members of
London Islamlc Culture and Recreatlon Society (Known as ICMG)
Auditoi'$ Responsibllltles for the Audlt of the Flnanelal Stat8ment$
We have been appointed a5 auditor under section 144 of the Charrf(ie5 Act 2011 and report in a¢wrdancg with the Act and relevant regulats'on3
made or having effect thereunder.
Our objectw95 are lo obt8in reasonable assuranee about whether the financi81 statomènts as a who16 arg frèè from matarial misstatem8nC whether
du6 to fraud or èrror. and lo issue an audrtorts report that includes our opinion. Reasonable assLirance is a high level of assurance, but is not a
guarante6 that an 8udit conducted in accordance wrth ISAS IUKI will always detect a material misstatement when bt exists. Misstatements can arise
from fraud or error and are considered material if, ind1vidually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken Dn the basis ol these financial slatemenls.A further description of our responsibilrties for the audit of the financial
slalèmgnls is loealed on the Financial Repo￿.ng Council's webslte www.Irc.org.uklauditors responsibilities.
The extent to whlch our procedures are capable of detecting irregulaiilies. including fraud is detailed below..
Identify and 8ssfjs$ the risks of matorial misstatam6nts ol the financial statements. whether due lo fraud or error, wè design and perform audtt
procedures r¢sponslVe to Ihose risks, and obtain audit avidèncè that Is Sufficiènt and appropriate to provide a basis lor our opiniL)n. The risk of not
detecting a malerlal mi8stg1gmenl rè8ullSng from fraud is higher than lor one resulting from èrror. As fraud may invofvè collusion. forgery, Intentional
omisslon5. mi5repr¢s&ntations, or Ihe override ol the internal control.
Evaluate the appr¢priatenèss of accounting polieies used and the reasonableness ol accounting esb'males and related diselosures made by tho
Trustees.
Conclude on the appropriateness of truste85' use of going concern basis ol accounting and, based on the audit evidence obtained, whether
material uncertainty exists related lo events or conditions that may cast significant doubl on the Charity's 8bilrty lo continue a5 a going concern and
report appropriate disclosures in the accounts or in our audit report.
Evaluate the appropriate presentation. slrucluro and content of the finan¢lal $lal8monts, Ineluding th* disclosures. and whether the financial
51alemenls represent the und9rlying trans8dions and ¢vpnts In a menner that aehièv• fair prosènt8tion.
Ev8luaied the tonduet of operations in relation to laws and other regulations. Our evaluation took account of whether any non-compliancè would
have 8 material effect on th& financial statements.
Ba$ed on this understgnding w8 designed our audr( procedures to identify nonThcompli8nc8 wf(h such laws and regulations. Our pro¢8durg$
involved 6nquiries ol management and those charged with govern&nce. review ol legal and professional expenses and review of Trustees, meeting
minutes.
Auditing standards limit the required audit procedure8 to Identify non•compliance with these law5 and regulations lo enquiry of th8 Tru5t88 and
othor management and inspection DI regulatory and legal correspondence. ￿f any.
Our audit procedures lo respond lo these r15k5 included enquiries ol management abgul Ihelr own Id¢niifi¢8ti¢n and assessm8nt of the risks of
irregularf(18s, sample testing on the posting ol journals. rEviewing accounting estimates lor biases. r¢vlewSng rogulalory eorrespondence with thg
Charity Commission, and reading mlnutes ol meetings of those charg&d wrth governaneg.
We communi¢&18 wKh Iho$è chargad wrth gov•rnanc& ragarding, among Othar matters, the planned 8cope and timing ol the audit and $ignlfi¢anl
audit findings that w$ Id¥ntlfy during our audit.
Use Of Our Report
This rèport is mad8 solely to the charity's Iiuslees. as a body, in accordance with Part 4 01 the Charities IA¢¢ounls and Reports) Regulations 2008.
Our audit work has been undertaken so that we mighl 51ale to the ¢harrty'6 IfU$lè¥S those mattèr5 that wa ¥rè réquired to slate to them in an
guditor's r&port and lor no Dlher purpose. To th& lullesl extent permltted by law. we do not 8c¢epl or ?$sume responBibilily to anyone other than the
¢harlly and th8 charity's trus18es BS a body, for our audit Wofk, lor Ihls report, or for the tsplnions wp have formed.
Inam & Co Ltd
2810112026
Inam & Co Ltd
¢h¥rtered Certified Aecountants
& statutory Auditors,
459 Green Lane, Goodmayes,
Essex
IG3 9TD
Inam & Co Ltd is eligible for appointment 0$ audrtor of the charity by virtue of its 81iyibillty for appointment Ès auditor ¢f a ¢pmpany under section
1212 of the Companiès Aet 2006.
Page 9

London Islamic Culture and Recreation Society {Known as ICMGI
Statement of Financial Activities
For the Period 5 March 2024 to 31 March 2025
31 March
2025
4 March
2024
Unrestricted Restricted Total funds Total funds
funds
funds
Notes
INCOME AND ENDOWMENTS FROM..
Donations and legaciès
Char(table activities
185,159
185,913
24,737
209,896
185,913
503.053
181.681
371,072
24,737
395,809
684.734
EXPENDITURE ON:
Raising funds
Charitable activities
116,6851
1107,6241
116,6851
111,8681
17001 1108,3241 1373,3001
1124,3091
17001 1125,0091 1385,1681
NET INCOME
246.763
24,037
270,800
299,566
Transfers befvrfeen funds
21
91,426
191,4261
NeT MOVEMENT IN FUNDS
RECONCILIATION OF FLJNDS..
Total funds brought forward
338,169
167.3891
270,800
299,566
932.628
93,806 1,026,434
726,868
TOTAL FUNDS CARRIED FORWARD
21
1,270,817
2fj,417 1,297,234 1,028,434
Th$ not$s On pag9$ 14 to 28 form part ol th85e flnancial st8t•ment8.
Page 10

London Islamic Culture and Recreation Society (Known as ICMG)
Comparative Statement of Financlal Activitles
For the Period 5 March 2024 to 31 March 202S
2024
Unrestrleted Restrlcted Total funds
funds
funds
Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Charitable acllvrtie5
503,053
189,746
503,053
181,681
11,935
672,799
11,935
684.734
EXPENDITURE ON..
Raising funds
Charrt?bl$ 3Ctwilios
111,8681
1370,5501
111.8881
12,7501 1373,3001
1382,4181
12,7501 1385,1681
NET INCOME
290,381
9,185
299,566
Transfers betr¢een funds
21
133,9441
33,944
NET MOVEMENT IN FUNDS
256,437
43,129
299.586
RECONCILIATION OF FUNDS:
Total funds brought IopNard
676,191
50,877
728,888
TOTAL FUNDS CARRIED FORWARD
21
932,$28
93,806 1,026.434
Tho nol06 on pages 14 10 28 form part olth*$e flnan¢ial st81gments.
Page 11

London Islamlc Culture and Recreation Society {Known as ICMGI
Statement of Financial Position
As At 31 March 2025
31 Mai¢h
2025
4 Mar¢h
2024
Unre$tricted RestrÈcted Totol funds Total fund$
funds
funds
Notes
FIXED ASSETS
Tangible Assets
Investments
14
3,739,313
647,629
3,739.313 3,632.595
647,629
646.195
15
4,386,942
4,386.942 4,278,790
CURRENT ASSETS
Debtors
16
90,070
43,981
90,070
70,398
122,627
36,795
Ca$h gt bank and in h8nd
26,417
134,051
26,417
160,468
159.422
CredEtor$'. Amounts Falllng Due Withln One Year
1Y
1309,7851
1309,7851 1272,7761
NET CURRENT ASSETS ILIABILITIESI
1175.7341
28,417
1149,3171 1113,3541
TOTAL ASSETS LESS CURRENT LIABILITIES
4.211,208
26,417 4,237,625 4,165,436
Credltor•'. Amount$ Falllng Du• After Mor• Than On& Year
18
12,940,391)
12,940,391) 13,139,002)
NET ASSETS
1,270.817
28,417 1,297.234 1,026,434
FUNDS OF THE CHARITY
Restricted Funds
26,417
1,270,817
93,806
932.828
Unrestricted Funds
TOTAL FUNDS
21
1,297.234 1,026.434
The financial stal8m8nls w&re approved by the board ol Iruslees on 28 January 2026 9nd w•r• signed on rt8 behalf by..
U 8ilaloglu
Tru51ee
The ntstes on pBge$ 14 to 28 fofm part of these financial 5tat8mentS.
Page 12

London Islamic Culture and Recreation Soclety (Known as ICMGI
Statement of Cash Flows
For the Perlod 5 March 2024 to 31 March 2025
31 March 2025
4 March 2024
as restated
Notès
Cash flow$ from operating actlvities
N8t cash generated from operation5
218,707
599,037
Net eash generated from operating adivf(ies
218,707
599,037
Cash Ilows frgm Inv¢sting activities
Purchasè of tangible assets
Purchase ol tslh8r fixed asset invfrslments
1183,6701
11.4341
1211,3121
Net eash used in investing aclivfties
1185.1041
1211,3121
Cash flows frtsm financlng actlvltle
Proceeds from n¥w bank borrowings
Repayment of debenture loans
Repayment of glher loan$
1317,7221
168,9991
156,9661
Net cash used in financing activKies
1443,6871
Incr98$elldocrogs&I in cash and cash eqvivalgn18
Cash and ¢86h equlval8ntS at beginning of period
33.603
36.795
155,9621
92.757
Cosh 8nd cash equivalent$ at end of pèriod
70,398
38,795
Page 13

London Islamlc Culture and Recreation Society (Known as ICMG)
Notes to the Statement of Cash Flows
For the Period 5 March 2024 to 31 March 2025
1. Reconciliatlon of income to cash generated from operations
31 March 2025
4 March 2024
as restated
Net income
270,800
299,566
Adjustmgnts for..
Interest expense
Depreciation ol tangible assets
Loss on disposal of tangible a8$el$
Foreign exchange IgainslAosse5
A4ov8menls in working capital.
Decreasellincreasel in trade and other dgbtors
Increa6e in trade and oth¥r cr9dilors
Prior year adjustment
168,9991
76,952
68.999
61,063
835
67,214
1129,6111
32.556
37,009
1102,0571
183,737
19,680
Net ¢a$h g¥ngrated from operation5
218,707
599.037
2. Cash and ¢ash equlvalents
Cash and c88h equivalents, as $tst*d In the Statement of Cash Flow5, r8lales lo the following bt¥m8 Sn th• Balance Sheet..
31 March 2025
4 MArch 2024
as r&stat•d
Cash St bank and in hand
70,398
36,795
3. Analy$ls of changes In net debt
at S Mar¢h
2024
C4•h flows
Falr valu¢ and As at 31 March
lorelgn
2025
•xchang•
movements
C#sh 81 bank and in hand
Deb15 1811ing due aftar mor8 than one year
36,795
13,139,002)
33.803
70.398
12,940,391)
198.811
13,102,2071
33,803
198.e11
12,869,993)
Page 14

London Islamic Culture and Recreation Society (Known as ICMGI
Notes to the Financial Statements
For the Period 5 March 2024 to 31 March 2026
1. Goneral Informatlon
London Islamic Culture and Recreation Society (Known as ICMGI is an unincorporated charity regi$lered wrth the Charity C)mmisSlDll. registered
charity number 1057815. The principal address is 399401 High Road, London, N17 6QN.
2. Statement of Compllance
The financial statements have been prepared in accordance with the Charitie5 SORP IFRS 1021 "Ac¢ountSng aniy Reporting by Charf(ies'.
Statement of Recommended Practice applicable lo charitie5 preparing their account5 in accordancg with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" Financial Reporting Standard 102 "The Financial Reporting
standard applicable In the UK and Republic ol Ireland" and the Charrties Act 2011.
3. A¢countlng Pollelts
3.1. BASIS of Preparatlon ot Flnanclal Statements
The fin8n¢i81 ststgmenls havo been prepared undèr the historical cost Convention.
The charrty Is a Publie Bènefit Entity as delinad by FRS 102.
The presenlallon currenoy of the financi81 slatèmen151s the Pound Sterling [£1 whl¢h1s olso tho functional ¢urroncy.
3.2. Exemptlon From Prtrparlng Con$olldated Fln¥nelal Statèm•nts
Tha financial statemènts present informah'on about the charity as an Indlvldual enlily and not about 115 group. The group accounts ar* not
prepargd the year because its group income is less than £1 m and its subsidiary ha8 no income for this year.
3.3. Golng Concern Dl$¢lo$ur¥
BaJl¥ of preparatlon and &$sessment ol golng concern
At the p¢inl of appr¢ving thè annual accounts. th• trusteés are satisfied that the charity has sufficient resourcès to ctsntinue opera11no for
the foresee¥bla future. Tha balance sh86t shows nèt current liabilities of £149,31712024'. £113,354).
The trustees have undertak&n appropriate onqulries and ar¢ ¢¢nfldenl Ih8t Ihg eharily has a¢¢es$ 1¢ tha rgsour¢e5 and funding sUPPOrt
required to meet ils obligation5 a5 they f811 dup. A$ outlined in the tru$leès' rèport und8r'Plans lor thg futuro the charity 15 actively working
to expants its ch$ritable aclivitias, with the aim ol incr•asing both its income and its impact. To support th6s8 objèctives 8nd lo ea$e
pressure on short term cash flows, thè eharily has ronagotialgd thè terms ol its loan, securing a threa year rèpayment hollday with no
interest. Furthermore, while th¢ charity anticipates 9rowth in income in ensuiny yèars. it acknowlèdges that 11 thls increase does not
malerialisé, it may face challenges in meeting certain obligations, incSudlng amounts owed lo IGMG in Germany. IGMG has, however,
prcvlded a formal ¢ommilmgnl lo continuo suppgrting Ihg charity financially lor the for8seeable fiJtur•.
3.4. Fund Accountlng
Unrestrictsd funds can be used In ac¢ord?n¢e wllh the charf(able obl•¢tives at the dS$¢r¥tl¢n of th& tru$lee$.
Oe$ignal$d funds comprise unrestricted funds that have been set aside by the trustees for a specrfic purpose.
ReBtricted funds arg lo be us•d lor $po¢lflc purposes Iln¢ludlng Z8kall as lald down by thg donor. Th$ Zakat fund ¢onsisl$ ol donations
given specifically for Zakat purposos and is treated as restrleted Income. These funds must be applied solely in a¢cordan¢e wrth 151amic
principles of Zakat. and may only be used for beneficiaries and act1vilies that meet the required eligibility criteria.
3.5. Incomlng R•sources
Income
Unresiri¢t*d income is available for expenditure approvèd by the Board. Rèstricted income is available for ÈxpendrtUTÈ in accordance with
the purpose specrfied by tho donoi. Incoffl8 5s credited lo thè Statement of Flnanclal Aetiviti&s when entill&menl can be demonstrated,
rgceipt is prob8bl8 and tha amount can bg re118bly measured using *ither th• p•rformanco model or the acerual model.
al Donations and legacie¥
Donations from supporters arè accounted for whan rècèivèd. PecLiniary legacies are recognised on notification provid*d there is no known
dispute and evldènco thère are sufficient monies in the ostate to make a distribution. Entitlement to other legacies is deemed to bé al the
earllpr of paymènt being received or notification of a distribution or notification ol the fin81 estate accounts being approved by the executors.
bl Uqbah income
The contribution toward5 fvneral assistance 15 recogni5ed when a registration pro¢e55 1$ completed and 8munl15 received.
..CONTINUED
Page 15

London Islamic Culture and Recreatlon Society (Known as ICMG)
Notes to the Financial Statements Icontlnued)
For the Period 5 March 2024 to 31 March 2025
3.5. Incomlng Re50urw-contlnu¢d
cl Agency Arrangements
Dufin9 the year, the charity acted a3 an agent in administrating pilgrimages on behalf of a third party. In accordance w￿h the ¢harily'5
accounting policy. such related transactions are not iecognised as income Of expenditure in the Statement of Financial ActNilies.
3.8. Resour¢es Expgnd
Expendlture
Liabilitl8s are recognised as expendrture a6 soon 8S there is a18gal or oonstiuctivé obligation committing the charity to that expenditure. fc is
probable that a transfer of economic benerrt5 wll be requirgd in settlem8nt and the amount ol the obligation can be measured reliably.
xpendrture is accounted for on an accruals basis and has been ¢la5s1fied under headings that aggregate all cost related to the category.
Where costs cannot be dlrecuy attributsd to particular headings they have been allocated to actNilies on a basls consistent with the u6e ol
resourc&s.
Grants offe￿d subject lo condrtlons which have not b&en mot at the year end csate are noted as a commitment but not accrued 8$
¥xpenditur8.
Charitable actlvttl¢$
In respect ol income from govornments and other institutional donors, entitlemont Is obiained when only administrative rfjquiramonts exi$l,
and all di5bursemenl and other enlill&mènt condits'ons are satisfied.
3.7. Tangible FIX￿ A#¥gt¥ And Depreclatlon
Tanglblp fi¥$d as$8ts are measured al cost less a¢¢umul8led depreciation and any accumulated impairment 10g$es. Depre¢i8llon Is
provided at rates calculated to wrlle off the ¢o$l ol tha fixed assets, less their estimated re51duèl v8luo. tsvtr their expoetod useful lives on
the following bases..
Freehold
Leasehold
Flxtur&s & Fittings
Buildlng element- 50 Y&ars
Over the terms ol the l&asath10 Year5
On 20% straight line basls
Land and buildings are slated al cost. Only buildings are depreclaled ¢ver their &¢tsnomi¢ lil8 on a straight.lin8 basis. The aconomic lifè 1$
eurr8nlly estimated not *x¢eod fifty years.
The charity owns a treehold property used as ils Secretariat bui5ding. The prèmisès sèrvé as th6 central hub for the charity's govornanc8,
adminislralion, and programme coordination. As part ol ilB commilm?nt lo collaboration and sector strengthening. the charity provides
space wthin the building to other like-minded charitable organisètions whose work aligns with its own charrtable purpos8s. Any rental
contributions receivèd from these organi5alions are sel al c051-recovgry l&vèls and are considered merely incicSental to the charity s primary
Use ol the property in furtherance ol ils charitable objective5. The Secretariat building is therefore held and classified as a tangible fixed
asset used for charitable purposes, rather than as an investmont property. Depreciation is charged in accordance with the charity's
a¢¢ounliny policies.
Repair5 and maintenan¢• èxpanditura to ensure that a tangible fixed asset maintain$ Ils previously rocognisèd standard of performanc• 1$
expensed in the period11 Is In¢urred.
3.8. Inv*$tm•nt$
Investments in 8ub$ldlarl•s
Inv¢slments In subsidiaries are accounted lor al ¢ost 8nd long term fundings for charitable purposes, less impairment in the indiwdual
rinancial slatamènts of the parent undertaking.
Pagè 16

London Islamlc Culture and Recreation Soclety (Known as ICMG)
Notes to the Financial Statements (continued)
For the Perlod S March 2024 to 31 March 2026
3.9. Cash and Cash Equivalents
Cash and cash equwalents ale basic financial 3ssels and include cash in hand and deposits held at call wrth banks, other short4erm highly
liquid invgstmenls that matuig In no more than three months from the dale ol acquisition and are readily convertible lo 8 known amount of
eash with insignili¢ant rlsk of ¢hgnge in value, and bank gverdrafts.
Statement ol Cosh Flows
The charity use5 the indirect method to present rts cash flows from optrrating activities. Cash flows from op9raling adivilies are generally
the cash effects ol events that enter into the determinakn'on of n$t Income. Classes of cash flows are investing. financing, and operating and
requires the Charity to classify each cash receipt and cash payment, in one ol these three classès. Thè classification is based on the
nature of the cash flow, without regard to whether a cash flow stems from another item. A eash fiow is first èvaluated to determine if it
meets either the definition ol an investing or financing cash flow. If a cash flow di)0$ not mèèt thè deftnitlon of an investing activity or
rinan¢lng acllvity, the cash flow 15 classified as an operatlng activty.
3.10. FlnanelAI Instruments
Th* ehsrlty only ènt&r$ into basic financial instrument transath-ons that r85uII In the recognlts'on ol financial assets and finan¢lal liabilltle6.
Finaneial instrumèntg arè racogni$¥d whèn th• eharily bÈ¢omos a party to the conlraclual provi5ion5 of the inslrumenl.
Financial assets and liabilities are initially measured at the transaction price, including transacti¢n co$15, unless the arrangement constitutes
a financing Iran5acts'on. Subsequent measurement is at amortisad cost using tho offo¢tivè Inl¢rèst m$lhod, except wher8 stated oth•rwis•
below.
Flnanclal A8$ets
Flnancl81 a5s#1s include ¢ash al bank, short-l&im depo$lls, trade and other receivable5. Th85e assets are mea$ured al 8mort15ed co$t. less
any Impairment. Impalrmenl Ig 88$e86?d at each reporting date and recognlsed where th&re is object￿$ •vidance that the 855et 15 not
re¢overable.
Flnancl41 Llabllltlej
Flnancial Ilabilllles Include trade credllors, accruals and loan balances. Thes8 are initially recognis$d al the transaction pric8 and
subsequently measured at amorb'sed cost. A financiel liability is dtrecognlsod only when th• obligation Is dis¢harged, cancelled, of oxplre$.
Con¢•$tslonaTy Loan$
Whér• thg charrty r•¢elv•s loans at b&low.m•rkèt ral*$ ol interest, Including luans provided al Ookn intere51 or with extended répayment
holidays for the purpose ol furthering the ¢harty's public ben¥flt ¢bj¢¢tiv$s, su¢h loans ar¥ classified 85 ¢once5sionary108n$ in a¢¢or44n¢&
with th8 Charities SORP IFRS 1021.
Conc8s$lonary loan$ art m•asured at thg amount ol the loan gulslanding, wrth n¢ disctsunling lo present valu6. No inl*re$t expen89 16
recognisgd wh$re th8 loan tfjrms $pocify a 0% Interest rate.
Judgem*nt6 and E$tlmat¥4
The Tru51ees assess whether loan arrangements constitute concessionary loans, linancins transactions. or basic financial inslrum8nts. Thi$
as59ssmenl includes consideration tsf interest rates, repayment terms, and whether th8 lendars intantion 1$ lo further the charity,
objectives.
3.11. Forelgn Currencles
M¢natary assèts and liabilities in foreign currenci&$ aro Iranslalod Inl¢ sterling al the rates of exchange ruling at the statement ¢1 flnanci81
position date. Transactions in foreign curraneies aro translated Into sterling ?t the rale ruling on the dale ol the transactlon. Exchange
differences are taken into account In arriving at the operating surplus.
3.12. Taxatlon
The charity is exempt from lax as all its income is eharilab16 and applied lor charitablè purposès.
3.13. Interèst reeelvablè And payable
Intèrast roeeniable or payable Is eredfced or ehargèd to thg In¢omè ard expenditure a¢¢ounl in the financial year lo which i( relats$.
Page 17

London Islamic Culture and Recreation Society (Known as ICMG}
Notes to the Financlal Statements (continued)
For the Period S March 2024 to 31 March 2025
3. 14. Rentsl Income
Rental income rèpresents letting ol non-IrFvèstment propety in furtherance of the charity's objects from an operating leas¥ is rocognised OTr
a straight4ine basis ov6r tho l￿fe of th¢ gven if payments are not made on that basis.
4. Income from Donation$ and Legacles
31 March 2025
Unreslrlcted
Ro$trlcte(t
Total
funds
funds
nds
Donallon6 and gifts
Grant5
110.301
74.858
24,737
135.038
74,858
185,159
24,737
209,896
4 Mareh 2024
Unrestrlcted
R•$trlcttd
Total
funds
fund8
lund$
Donations and glfts
Grgnls
472,704
30,349
472.704
30.349
503,053
503.053
The following donallons gnd1gga¢ies arè Included wilhln the l¢lal income from donallon3 and legacies abovg.,
31 March 2025 4 March 2024
Unrastrlcted
funds
Unrestrlcted
funds
Donation for seeretBriat improvement¥ and youth centre
Collections from sale ol publicatlons and books
Work in harmony with other Islamic In$￿tUtIonS and Assoclations- Infak campaign
Voluntsry donations
Other donation$ and Gift ASd
Cultural and religiou5 pilgrimages
Collections for residential camps for adults and childrens
Collections kt lfftar gatherings
Collections for food parcels- Has?ne Humanf(arion
326,313
4,687
33,572
66,619
31,794
9,719
13,080
30,661
44,764
5,406
4,555
5,250
6,605
110,301
472,704
The following grants are included within the total income Irom donations and lègacies abovè..
31 Mar¢h 2025 4 March 2024
Unrestricted
funds
Unrestrioted
funds
Hasenè HumnrtArian
Imams plac&m8nts costs- MENAR E.V.
Improvments lor youth facility
30,349
66,497
8,361
74,858
30,349
Page 18

London Islamic Culture and Recreatlon Soclety (Known as ICMG)
Notes to the Financial Statements (continued)
For the Perlod 5 March 2024 to 31 March 2025
The above eharrtable grants comprise unreslri¢ted lunding lo support the ongoing financial sustainability Of teachers and Imam5 involved in
community outreach and welfare support services.
5. Income from Charitable Activf(les
31 March 202S
Llnrp5tricted
fund$
Re3tricted
funds
Total
lunds
Work in harmony wlh other Islamic Institutions and Asso¢lallons'.
Rental ineome
Funer81 support setViC83'.
Community engagement programm
155,252
155,252
30,681
30,661
185.913
185,913
4 March 2024
Unr?5trlctgd
funds
Reslrlcted
funds
Total
funds
Work in harmony with other Islamie Institutions and Asso¢iation5'.
Rèni81 incomè
Funeral 5UPPOrt services..
Community èngagement programmè
1S9,746
169,746
11,935
11,935
169.74e
11.935
181.681
Following a revlew ol the charity'5 operational obligations and pgrlorman¢e in r8SPO¢t of luneral assistance activitias, Ihg Trii$lees determined that
the charity'5 involvement is limited. As a re5uII. such incomè is now re¢agnis¢d 8$ general conlribulions. and the corrt$ponding carrying balancè
has been reclassified lo the general fund reserves. Rental ineome represgnls letting ot non-inveslment property in furtherance of the eharily's
objects from an operating lease is iecognised on a strai9ht-line bgsis Ovèr tha lil& of the lea88 even11 payments are not madè on Ihal basis.
R•elas8lfflcatlon of rental Ineom
Following a revlew ol income calegorisalion. the Iruslees have reconsider6d the presentation ol rtnt81 income generated from propety used in
furtherance ¢f the Charity's purposes. Rental income had previously been shown within othgr trading a¢tivf(ie5. The trustees concluded that,
bacaust tho properti•s ar& hèld and used lo support ttte charity's objects and the income contributes dir&ctly lo delivering charitable ouleome$. il Is
mora appropriately prèsentèd within ¢harltable activities Income, This reclassification provides a clearèr refl8¢tlon of how the charity ulili905 rts
gssets In pursuit of Its èlms and is ¢on51Stenl with the prlnciples ol the ChaTrti8s SORPIFRS 1021. C¢mpar8tivo figures have beon rtrstaled lo
ensure consistency of presentation. The reelassification does not affect toial income, nel movement in funds, or the charity's financial position.
6. Net IncomellExpendlturel
The net Incom8 is stated afttrr charglngllcr•dltlngl.'
31 March 2025 4 March 2024
Exchange diff¢ren¢g$
Depreciation ol tangible fixeos a55e15- owned
GdinlL05¥ on di5POS81 ol tèngible fixgd •?Sg1$
1127,3801
76,952
67.214
61,063
835
Forelgn txchange1galnl11ts55
The charity holds a loan denominated in EurolÉl, rnonelaiy items expressed in a foreign currency are translated Into UK Sterling (£1 at the closing
exchange rate at the balance sheet dat6. At the period 8nd, the Euro 5oan was retranslated using the prevailing exchange rate and ha5 resutted in
foreign exchange gain ol1£129,8111 in 202512024'.£67,214 - a10551 and included in the administration and support eosts. rèflecting the movement
in the value of the Euro against UK Sterling during the period. The resulting gain ha5 been recognised in the Statement ol Financial A¢livrtle5.
Page 19

London Islamlc Culture and Recreation Society (Known as ICMGI
Notes to the Financial Statements {continuedl
For the Period 5 March 2024 to 31 March 2025
7. Analysts of Expèndlturo
31 March 2025
Activitles
undertaken
directly
(see note 81
Supporteosts
(see note 101
Total
Raising funds
Promotè Islamie and Turkish ¢ultur
Work in harmony ￿rith other Islamic Institutions and Associations
Events and publications
Funeral support seNices
Administration and support
Other
18.685
19,059
38,897
19,126
397
18,685
19,059
38,897
36.047
397
16,921
1127.3801
197,293
167,6501
11,861
69,913
167,8501
11,861
Governance
133,2161
158,225
125,009
4 March 2024
A¢tlvltlo$
undertaken
dlrectly
1888 not8 81
Support eo$ls
lsat notè 101
Total
R¥lsing funds
Work In h8rmny with ¢lher l$lami¢ Institutions and A$so¢iati¢ns
Funerol support services
AdminlBlralion and support
other
11.868
61,845
S,104
67.214
835
11,868
61,645
5,104
220,915
71.696
153,701
70,861
13,940
G¢vern&n¢•
13.940
146.666
238,502
385,1S8
Aetlvltles undortoken dlreclly
Interest payable on other loan reversal- Inole 8 ats¢vp- 2025 8nd 2024 Adminlslralon and support)
During the financlal pgriod. tho charity finalised revised terms wrth its principal lender in June 2024. Under this agreement, thg lender granted a
three-year repayment holiday and applied a OQ/o interest rale lor the flnan¢lal ye8r5 2024. 2025 and 2D26. The lender a150 confirmed that thès•
revised terms were to take effect retrospectively from the start ol the 2024 Iinan¢i&l year. AS 8 result. the reslalemenl refiecls that no intertrst was
contractually payable for that pgrlod under the updated a9r8èm•nt. Consoquèntly, the int&roSt payablo on tha oiher loan for 2024 has been
reversed in 2025 to remove amounts prèviously ae¢ru$d under thé original loan terms.
Page 20

London Islamic Culture and Recreation Society {Known as ICMGI
Notes to the Financial Statements {continued}
For the Period 5 March 2024 to 31 March 2025
8. Direct Costs
31 March 2025
Work in
harmony with
other151amic
Promote
InstStytlon$
Islamie 4nd
and
Ralslng funds Turkish culture Associations
Funeral
support
servleès
Events and
pvblications
Admlnlstr411on
and support
Total
Fundraising
aclivrtie5-.
Staging
lundraising
events
4.439
4.439
Other actMiés-
INFAK
Campaign and
funeral support
expense
Advertising,
markèting, dlre¢t
mill and
publicity
Cost of good
sold..
V8nu8s ¢osts
Workshop
consumables &
catering it8ms
General
admini51ralion'.
38,897
397
39.294
16,688
18,$85
3,668
3,868
11,019
11,019
Consultancy
lees
19,059
19,059
Interest payable..
Foreign
exchange
gainlllos51.
In¢Sudlng ￿h¢r
loan
1127,3801
1127,3801
16,685
19,059
38.897
19,12e
397
1127,3801
133,2161
4 Mar¢h 2024
Work In
harmony wlth
other l$laml
In$titutlon$
and
AÈ*ocl#tlon$
Funeral
support
eTvIc•B
Admlnlstratlon
and support
Ralslng fund$
Other
Total
Fundreising aetivities..
Othèr activt16s- INFAK Campaign
and funeral support txpense
Advèrtising, markating, diract mail
and publicity
DeprÈeiation-.
61,645
5,104
66,749
11.888
11,868
.GONTINUED
Page 21

London Islamic Culture and Recreation Society (Knovm as ICMG)
Notes to the FinanGial Statements (continued)
For the Perlod 5 March 2024 to 31 March 2025
L055 on disposal ol tangible fixed
assets
835
835
Interest payable..
Foreign èxchangè gainlll¢ss1,
inclbding Other loan
67,214
87.214
11,868
61,645
5.104
67.214
835
146.666
9. Giant$ Payable
31 March 2025 4 March 2024
Support costg Support costs
Work in harmony with other Islamic Inslllulbons and Asso¢lalions
Othtrr
38.020
1,274
18,930
47,819
39.294
66,749
Grants paid to in$lluli¢n$. includtrd abova, ar8 a$ follows.,
31 March 2025 4 Mar¢h 2024
EMUG e.V
38.020
18.930
The charity provided funding lo EMUG a.V., a Europoan Organisatlon sharing similar charitable aims, lo assist In the operation of edueali¢nal an
health centres abroad.
10. Support Costs
31 March 2025
Events and
publlcallon•
Admlnl8tratlon
and support
other
Governanc•
TotAI
Employee c051s".
Wggas and salaries
Travel and sub$ist0n¢$ oxp8ns•$
Premises expenses..
Ral#s
38,499
21.042
38,499
21,042
13.520
15,852
3,143
13.520
15,852
3,143
Light and ho81
Cleaning
General adrninlstrallon..
Repairs, rgnewals and maintenance
Insurance
13,998
3,298
1,999
5.774
3,216
13,998
3,2Q6
1.999
5,774
3.216
16,921
1,016
133
Printing, postage and slalionery
T8lecommunicatitsns and data costs
Legal fees
Publications 3nd othgr Snf¢matlon
8ank and cr8dit eard eharges
Sundry expenses
Depreciation..
Depreciation ol flxtures and frttings
Depreciation ol freehold land and property
Interest payabl•'.
othgr loan- interest payable
16,921
1.016
133
20,591
56,361
20,591
$6,381
1$8,9991
168.9991
.CONTINUED
Page 22

London Islamic Culture and Recreation Society (Known as ICMGI
Notes to the Financlal Statements {continuedl
For the Period 5 March 2024 to 31 March 2025
Governance costs..
Audit fees
8.000
3,881
8,000
3,881
Accountancy l$ès
16,921
197.293
167,8501
11,861
158,225
4 Mareh 2024
Administration
and support
Oth•r
Gov•rnan¢g
Total
Employa8 co$ls'.
Wages and salaries
Employèrs Nl
Travel and sub5i51ence expenses
Premises expense5'.
R81$$
Light and heat
General adminlstration..
Repair5, renewa15 and malntenance
Insurance
Printing, po81ggg and $latl¢n•iy
Talecornmunications and data costs
Bank and Crédit card charg•8
Sundry expenses
Deprèclation..
Depreciation of fixtures and fSrting$
Dèprèciation of freehold land and property
Interest payable-.
other loan- intere51 payablo
Govarnance costs..
Audit fees
28.530
28,530
18
16.017
16,017
15,193
20,286
15,193
20,288
4,209
2.364
2.172
3.849
4,209
2,364
2,172
3,849
746
746
1.116
1,116
7,952
53,111
7,952
53.111
68,999
68.999
10,500
3,440
10,500
3,440
Accountancy fees
1 $3,701
70,861
13,940
238,502
R•class1￿catson of ¢erta5n charitable *xpendltur¢
A review ol expenditure allocations was 81s0 undèrtaken during thè yaèr. Certain Costs previously recorded within charltsblè 8¢1ivilies including
propfrrty related expenditure. 3eNi¢e ¢har9ès, and Support rfrlated costs-have baon roclassified to support costs or expenditure on raSsing funds
where this more accurately reflects the notur8 of the expen(51ture and the activities to which it relatts.This adjustment enh8nce5 transparency in
C051 allocation and allgns thè prèsentation wrth SORP guidance on distinguishing direct charitable expenditure from support and fundraising costs.
Comparative figures have baan restated accordingly. Thè reclassification has no impad on total expendrture or the overall funds of the charrty.
Page 23

London Islamic Culture and Recreation Society (Known as ICMG)
Notes to the Financial Statements {continued)
For the Period 5 March 2024 to 31 March 2025
11. Audito￿$ Remuneratlon
Rèmunerahon re¢elved by the charty's auditor5 and their associates during the period was as follows..
31 March 2025
4 March 2024
#S festated
Audit SeTvIce8
Audit of the company's financial $lalements
8,000
10,500
Other Services
Othor ll¢n-audit $ètvicè$
3,881
12. Staff Costs
Staff cts$t$ wgr8 a$ loll¢ws.'
31 March 2025
4 March 2024
as restated
Wages and sèlaiigs
Social sacurty costs
38,499
28,530
18
38,499
28,548
No employees recelveLI employèè ben•fits18xcluding employ6r penslon costs) lor the reporting period ol more than £60,000.
13. Av•rage Number of Employees
Average number ol amployeè$ during the period was.. 312024.. 31
14. Tanglbla Assèts
Land & Property
Freehold
Leasehold
Flxlureg &
Fltting8
Total
Co$t or Valuatlon
As at S March 2024
3,655,531
121,670
38,469
57,393
3,694,000
183.670
Additions
4,e07
As at 31 March 2025
3,777.201
4,607
95,862
3.877.670
Depre¢l•tlon
As al 5 March 2024
53,111
58.361
8,294
20,S91
61,405
76,9S2
Provided durin9 the period
As at 31 March 2025
109.472
28.885
138,357
N•t Book Value
As at 31 March 2025
3.667.729
4,607
6e.977
3.739.313
A6 at 5 March 2024
3,602.420
30.175
3,632.595
Within the land and buSldings flgure is £1.000,000 of freehold land that is not depreoialed.
The freehold property is 5ubjé¢t to a legal eh8rgÈ in favour of EMUG 8.V.
In February 2025, the charty committed lo new long-term premise5 in Enfield through thé signlng of 8 10.y681 leasè agre8m8nl.
Page 24

London Islamic Culture and Recreation Soclety (Known as ICMGI
Notes to the Financlal Statements {continuedl
For the Perlod 5 March 2024 to 31 March 2025
15. Inve$tm¢nts
Subsldlarlts
Other
Total
Cost
As al S M8rch 2024
846,194
1.434
648,195
1.434
Additions
As at 31 March 2025
647,628
647,629
Provl¥lon
As at 5 March 2024
As at 31 March 2025
Net Book Valu?
As at 31 March 2025
647,628
647.829
As al S Mar¢h 2024
646,194
646.195
18. Debtors
31 March 2025
4 March 2024
a• fe8tated
Due wlthln one year
Prépayments and accrued Incomo
Other debtor5
15.563
74,507
10,872
111,755
90,070
122,627
17. Cr¢dltor8: Amountj Falllng Du• Wlthln Onè Y•ar
31 March 2025
4 March 2024
8s rèstated
other ¢redf¢ors
Accruals
Deferyed Incom•
268.692
27,531
13.S62
241.304
16,718
14,754
309,78S
272.776
Other108n reclassification
As part of the restatemenl, the loan maturity analysis for the year end8d 04 March 2024 has been revised. Under the original loan terms, 8 Portion
of tho loan was classified 8$ falling duè within one year. Following the lender's confirmation that the revised concessionary terms applied
rBliospgctwely from the start of the 2024 financial y&8r, no repayments were contradually due within ￿e1ve months ol the balanca sh•et dato.
Accordingly, the entire loan balancé has been reclassified as lalling due arter moré than one year.
Page 25

London Islamic Culture and Recreation Society (Known as ICMG)
Notes to the Financlal Statements {continuedl
For the Perlod 5 March 2024 to 31 March 2025
18. Creditors.. Amounts Falling Du• Aftèr More Th#n One Year
31 Mar¢h 2025
4 March 2024
as restated
Other loans
2.940,391
3,139,002
other loan reclas5ificalion
As part of the restatement, the loan maturity analysis for the year trnd8d 04 March 2024 has been revisèd. Under the original loan tfrrms, a portion
of the loan was classified as falling due within one year. Following thè lendèr's tonfirmalion that the revised concessionary teims applied
retrospectively from the start ol the 2024 finaneial yèar, no repaymgnls were conlraclually due within twelve months ol thg balancè shept dale.
Accordingly, the entire loan balance has been reclassified as falling due after morè than tsne y8ar.
Of the creditors falling due after more than one year the following amounts are du8 after more than five ygors.
31 March 2025
4 March 2024
as restated
Other loans
2,940,391
3,139,001
An analysis of th6 malurrty ol loans 15 glv&n below..
Th$ olhgr loan is prgvided by EMUG e.V. (Ggrmanyl, with whom the Charity maintains a c1058 working relationship. Thp loan carrie5 an ennual
int*rost rat• 012.50% and is repayabla in lull by 2032. During the financial period. the charity formally agreed revised ongoing terms with f(s
principal lender. Tho agr8ement provid•d a thr@è.yèar rèpayment holiday and a 0% interest rale lor the financial period covèring 2024. 2025 and
202fj. Thè lender conlirm8d that these rgvisèd term$ were intended lo apply rplr05PeCtwely from the beginning of the 2024 financial year. The loan
Ihersfora meats the definition ol a concessionary loan under Charity SORP IFRS 1021 and is measured al the amount ouislanding wilh no interest
rèe¢gnisèd. Accordingly, the 2024 comparative figure5 havé been resl•led lo remove intere51 that had previously been aceruéd under the original
loan tprms. The reslalgmenl reflects Ihg fa¢t Ihol no interest was conliaclu8lly due for that period under the r•vi5gd 8gr99m9nt.
19. Dglerred Incomtt
Deferred income movements In the period were as follows..
31 March 2025 4 Morch 2024
Balance al the start of the period
Income deferred in the current perlod
Amoun15 released in income from previous perlods
14.754
13.562
114,7541
14,754
8alan¢¢ al the end of th¢ perlod
13,5$2
14,754
Deferred income comprises rental income received in advance.
20. Other Commltment¥
The total of futur• minimum lease payments under non4ancèllablp operating leasès art as following..
31 Ma￿h 2025
4 Mareh 2024
as restated
Not later than one year
Laier than onè year and ntst latèr than f1v8 yèars
Later than fwe years
44,654
178,618
223,270
446,540
Page 2S

London Islamic Culture and Recreation Society (Known as ICMGI
Notes to the Financial Statements {contlnuedl
For the Period 5 March 2024 to 31 March 2025
21. Movement in Funds
As at S March
2024
AS at 31 March
2025
Income
Expenditure
Transfer¥
Unrestricted funds
General..
General unrestiicled lund
932,628
371.072
1124,3091
91,428
1,270.817
Restrlcted funds
Funeral Assislaneo
Zakat
93,806
193,8OSI
2.380
24,737
17001
26.417
Total rgstrlctod funds
93.806
24,737
17001
191.4261
26,417
Totol lund8
1,026,434
395.809
1125,0091
1.297,234
AJ at S March
2023
As at 4 March
2024
Income
Expendllure
Tr*nsfeT¥
Unrestrlcted lunds
General,,
Genor81 unreslrlcted fund
Re$lrlcted fund8
Funeral As$lslan¢•
676.191
672,799
1382,4181
133,9441
932,828
50,677
11,925
12.7501
33,944
93,806
Total fund•
726,868
684,734
1385,1881
1,028,434
Ra$trlcted funds are fund6 whi¢h grè lo be used in accordance with specific reslrlclions imposed by donors or which have bean rais&d by the
charity lor perticular purpose8. The ¢osl ol raising and administering such lund5 are ¢h8rgtd against the specifie fund. The aim and usa of èach
r&stricted fund is $8t out in the not8$ to the financial statements.
AS gxplainod in note 5, the don8tion re¢èivod from its community for funeral a$si3lan¢o 59 a$$$8$8d as gan•ral donations thgrefore thè ¢arrying
balance is Iransfered lo th$ g?neral rèserve.
22. Post Balance Sheet Ev•ntB
Th¢ charrty took possession of the l&asèd building in Enfield.
23. TranBaetlons wlth Trustees
Nonè ol the trustees recewed any rèmunèration or any other benefits Irom an employmént wKh tho eharity or a related èntity durin9 the current or
previou? year.
No tru51ee expenses have be6n incurred.
Page 27

London Islamic Culture and Recreation Society (Known as ICMGI
Notes to the Financlal Statements {continuedl
For the Period S March 2024 to 31 March 2025
24. Related Party Disclosures
The Charity Is required to disclos& material transacb"on$ with rel8t¢d partiès, both Indwiduals and entities that have tha pot&ntial to ¢ontr)l or
Inftuence ex¢hang8s wilh thè ¢harity.
The following transactions were carried out with the related parties..
Transaction with Trusltses
During the year, the Chair contributed towards g8ner81 donation totalling of t2.430 anij R Gocko contributed towards donation totalling of £100.
Transaction with Management Council
During the year, Mehmet GUngOrdLI received a salary and contributed to general donatlons of £250, Adem Ozd¢mir paid in genaral d￿na￿on of
£730, F Yilmz paid in general donation of £380.
Transaction with Connected and affiliated charities
During the year, Hasene Humanitarian Aid UK p8ld £18,000 lor the u9e of the Charity's secretariat and its facilities. The Connected charity also
provided a grant of £24,73712024'.£30,3491 towards the Charity's Humanitarian projects. The Alberonious Foundation whose trustees are Ubeyde
8ilaloglu and Rilal Gokce, arg al$0 trustèes of the Charity. The Alberonious Foundation paid £130,000 for the use ol the LICARS secretariat
facilits'e5 and sludenl hostel ac¢ommodation. The Peckham Mosque provided an un5e¢ured loan of £8.000 lo the Charity which was repayable on
demand.
The other loan is provided by EMUG e.v. IG?rmanyi and thè Charity's has a clos6 working relationship. The loan is scheduled to be repaid by 2032
and attracts an inleres1012.500/0 pa. Thglgan 15 sècurèd by way tsf 8 legal charge over the Freehold property.
LICARS affiliated charilias are not und¢r Common control and vSc6 versa, However, they have close working and hence below IransaclSon were
recorded during the year. ICMG- Edmonton branch paid ranlal income of £8,059 for the use ol the Charity's Secretariat lacililies.
25. Controlllng Partlej
Th8 Charrty is controlled by (ts Board of Trustees.
P3ge 28

London Islamic Culture and Recreation Society (Known as ICMG}
Detailed Statement of Financial Activities
For the Period S March 2024 to 31 March 2025
31 M4r¢h 2025 4 Mar¢h 2024
Tot81
funds
Ttstal
funds
INCOME AND ENDOWMENTS FROM:
Donations and leg4cle$
Donations and gifts
Grants
135,038
74,858
472,704
30,349
209,896
503,053
Charltable Activities:
Work In harmony wlth other 18lamlc In$tltutlon5 and Assoclatlons
Rental income
155.252
169,746
155,252
169,746
Funeral support $orvle•s
Community ong8ggmonl programme
30,661
11,935
30,661
11.935
395,809
684,734
EXPENDITURE ON:
Ral8lng fund$
Adverti$lng, mark8ting, direct mail and publS¢ily
116,8851
111,8881
118,6851
111,8881
Charltabl? A¢tlvltle$:
Promote Islamlc and Turkish cultur¢
Consublancy lees
119,OSg1
119,0591
Wofk In h4rmony wlth other181amlc In5titutlon$ and A$$oelatlons
Other a¢tivtl¢s- INFAK Campaign and fungral support expenstr
138,8971
161,6451
138,8971
161,6451
Events publlcatlon•
Staging fundraislng $venls
Venues costs
14,4391
13.6681
111,0191
116,9211
Workshop consumables & catering items
Publications and othèr information
138,0471
Funoral support services
Other actwtiesv INFAK Campaign and funeral support expense
13971
15.1041
13971
15,1041
Admlnlstratlon and support
Foreign èxchange gainlllossl, including Otherlogn
Wages and salaries
Employers Nl
Travel and subsistence expenses
Ratès
127.380
138.4991
167,2141
128,5301
121,0421
113.5201
115,8521
13,1431
113,9981
116.0171
115,1931
120.2861
Light and heat
Cleaning
Repairs, renewa15 and m8inlen4n¢F
14,2091
..CONTINUED
Page 29

London Islamic Culture and Recreation Society {Known as ICMGI
Detalled Statement of FSnan¢Sal Actlvltles (contlnued)
For the Period 5 March 2024 to 31 March 2025
Insurancg
13.2981
11.9991
15,7741
13.2161
120,5911
156,3611
12,3641
12,1721
13,8491
Printing. postage and stationery
T616communications ond data cost$
Legal lee5
Depreciation ol fixtures and fittings
Depreciallon of freehold land and property
17,9521
153,1111
169,9131
1220,9151
Other
Loss on disposal of tangible fixed assets
Bank and ¢redit card Chargès
Sundry expenses
Other loan- inlerèsl payable
18351
17461
11,1161
168,9991
11,0161
11331
68.999
67,850
171,6961
Governance
Audit lees
18,0001
13.8611
110,5001
13,4401
Accountaricy fees
113.9401
1125,0091
1385,1681
NET INCOME
270,800
299,566
Page 30