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2023-03-31-accounts

TRUSTEES’ ANNUAL REPORT AND STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2023

FOR NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE)

Charity Number: 1062409 Company Number: 3336135

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

Company Information 1
Report of the Chair & Trustees 2
Report of the Independent Examiner 14
Statement of Financial Activities 15
Balance Sheet 16
Cash Flow Statement 17
Notes to the Financial Statements 18
Income and Expenditure Detailed 23

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

COMPANY INFORMATION

DIRECTORS & TRUSTEES Ebrahim Loonat Mahmood Bham Mohamed Munaf Zina (Chairman) Nasser Patel (Treasurer) Mohammad Shabbir Gajia (Vice Chairman) Ummer Farouk Alibhai (Vice Chairman) Abu Bakr Bin Yusuf Ayub Patel

SECRETARY & TRUSTEE

Yasin Balesaria

REGISTERED OFFICE

66-68 Cazenove Road London N16 6AA

COMPANY NUMBER

3336135

CHARITY REGISTRATION NUMBER

1062409

BANKERS

Barclays Bank Plc Kingsland Business Centre London E8 2JX

Independent Examiner

Kala Atkinson Chartered Certified Accountants & Statutory Auditors 43 Upton Lane Forest Gate London E7 9PA

1

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

REPORT ON BEHALF OF THE BOARD OF DIRECTORS AND TRUSTEES

1. Organisational Status and Governance

Overview:

The North London Muslim Community Centre Limited (NLMCC) is based in Hackney, London. It is a place where members of the local community can come together for social, cultural, recreational, and other activities.

The NLMCC provides services and supports people of all backgrounds, in a way that is culturally appropriate to the needs of the Muslim community. Its activities are underpinned by an overriding ethos of ensuring targeted approach and positive outcomes. Furthermore, it provides welfare, social and educational services to the local community. It works with other organisations in synergy to provide better services.

The NLMCC is a registered charity, constituted as a company limited by guarantee and not having a Share Capital. It is governed by a memorandum of association and articles of association.

Purpose:

The overall aims of the organisation are to:

Directors & Trustees:

The NLMCC has a clearly defined structure, which enables its members to actively participate through an elected Board of Directors. The Board of Directors has overarching responsibility for managing risk, developing policy, and ensuring financial and management compliance. Furthermore, all Board members are Directors of the Company and are also Trustees of the Charity. There are no other Trustees. The Trustees confirm that they have had regard to the Charity Commission’s guide on public benefit.

Staff:

The services are delivered by the Director of NLMCC, who is supported by three full time staff members, 32 part-time staff members and a further six staff members who work on a sessional basis.

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NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

2. Services

Ihsan Children’s Centre:

The Ihsan Children's Centre provides a range of essential services for young children and their families in London. Our mission is to support families in fostering a positive and enriching early childhood experience for their children. Additionally, the centre offers a safe and nurturing environment for children to socialise and learn through play, contributing to their overall growth and development.

Our services include early childhood education, developmental screenings, parenting classes, and support for child health and well-being. The services are designed to support families in fostering a positive and enriching early childhood experience.

The following is a breakdown of services offered to meet the diverse needs and interests of our service users:

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NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

Ihsan Nursery:

This is a nursery that offers high-quality early education and care for children aged between 2 to 5 years old. Ihsan Nursery was launched in September 2014 as part of the NLMCC’s wider strategy to improve educational and health outcomes for local children and their families.

The Nursery have achieved a number of awards through the services it provides as follows:

In addition to the above achievements, we have also introduced several initiatives that support our children’s development in various domains, such as:

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NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

delays or concerns. This has ensured that our children receive the best possible support and care for their individual needs and abilities, as well as early intervention and referral to other services if needed.

The services provided by both Ihsan Children’s Centre and Nursery have helped families with referrals for speech and language services, SENCO, Common Access Framework, Children in Need, Child Protection Plans, and to access help via referrals to Nawaal Fund and other charities.

Ofsted Inspection

In June 2023, Ihsan Nursery underwent an Ofsted inspection of its services which resulted in the Regulator concluding that the Nursery maintains its “Outstanding” grade.

The Ofsted report highlighted that:

“The support that children and their families receive continues to be outstanding at this inspiring nursery. The staff are extremely dedicated and hard working. They place the children at the heart of everything they do. Each member of staff makes sure that they thoroughly understand every child's individual learning needs and next steps. This ensures that when staff work with children their teaching is targeted and all children continue to make excellent progress. For example, all staff talk knowledgeably about how they support children with special educational needs and/or disabilities, demonstrating a deep understanding of their specific needs and learning targets.”

“Children from disadvantaged backgrounds and those with special educational needs and/or disabilities receive outstanding support and teaching. Managers and staff use funding wisely to provide additional resources, staffing, and enrichment activities, such as trips and visits. Other professionals provide expert advice and support. This ensures that these children make better than expected progress.”

“The nursery environment is extremely warm and welcoming. From the moment that children walk through the door, they are made to feel safe and secure.”

The summary of key findings can be found in the Ofsted report, published on 24[th] July 2023.

5

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

Youth Services:

We provide a range of activities and opportunities that aim to support the personal, social, and educational development of young people aged 8 to 19. They provide a safe and supportive environment for young people to learn, grow, and have fun, while also fostering a sense of social responsibility, leadership skills, and global citizenship. Youth services are important because they help young people to achieve their potential, overcome challenges, and contribute to their communities.

Our aim is to provide high-quality and diverse youth services that meet the needs and interests of our young people. We offer a variety of after school and weekend activities, as well as school holiday programmes, that cover different domains such as sports, arts, education, and awards. We also offer advice, information, and guidance on education and employment, as well as opportunities for community service and volunteering. Our vision is to empower our young people to become confident, resilient, and responsible citizens of the world.

We offer a range of activities that help our young people to stay fit, healthy, and active, as well as to develop their teamwork, communication, and leadership skills. Some of our activities include:

6

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

The NLMCC firmly believe that our youth services have helped our young people to achieve their potential, overcome challenges, and contribute to their communities. They have also helped them to develop a sense of social responsibility, leadership skills, and global citizenship.

Over 55 Luncheon Club:

The NLMCC’s Luncheon Club is a service that offers support and companionship to vulnerable elderly people in the community. Our aim is to help our members to stay active and connected, and to improve their quality of life and well-being. Our vision is to create a friendly and welcoming environment where our members can enjoy a hot meal, a packed lunch, or a variety of recreational activities. Our service covers different aspects of our members’ needs and interests, such as nutrition, health, socialisation, and engagement.

The Luncheon Club serves as an important source of support and companionship for elderly members of the community, helping them to stay active and connected. Some of the benefits of our service include:

Overall, the NLMCC Luncheon Club is a valuable and appreciated service that supports and empowers vulnerable elderly people in the community. We have offered a range of services and activities that cover different aspects of our members’ needs and interests, and we have helped our members to improve their quality of life and well-being. Our service has made a real difference in the lives of our members.

Advice, Information & Guidance Service:

The NLMCC offers Advice, Information and Guidance to individuals both online and in person on a range of issues relating to:

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NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

Our service aims to help people to understand their rights and entitlements, access the support and resources they need, and resolve any problems or difficulties they may face.

The advice surgery has seen an increase in the number of users and sessions provided in the past year. We have seen a rise in the number of people seeking advice on social and welfare benefits, and an increase in the number of people seeking advice on housing. This is linked to the current social and economic climate in particular, including the cost of living crisis and the expansion of universal credit.

The cost of living has had a significant impact on people’s quality of life and financial well-being, and has led to problems such as food insecurity, homelessness, and other forms of poverty. According to the latest statistics, the average household income in the UK has fallen by 4.5% since 2019, while the average household expenditure has risen by 3.2%. This means that many people are struggling to afford the necessities of life, such as food, rent, bills, and transport.

In line with Government requirements, Universal credit claims now must be completed online, that has resulted in more users seeking assistance in completing or updating their claims due to language and computer literacy barriers. Universal Credit is a new benefit system that replaces six existing benefits, such as Jobseeker’s Allowance, Housing Benefit, and Tax Credits. It was designed to simplify the benefit system and encourage people to work. However, many people have faced difficulties and delays in applying for or receiving universal credit, which has caused them financial hardship and stress.

The NLMCC have increased its advice service provision in response to higher demand. We have recruited additional staff and resources for the advice service team, and have extended our hours of operation to make sure that we are able to help as many people as possible.

Advocacy Service:

The overall aim of the Advocacy Services is to support and empower residents and to help them navigate the challenges and opportunities of life. This means helping people to understand their rights and options, and providing guidance and assistance as needed. Our objective is to help people become more confident and capable of addressing their needs and concerns.

The issues we have assisted with are wide ranging, such as:

We offer our services in a hybrid format, which means that they are available both online and in person. This allows users to choose the option that is most convenient or comfortable for them. We liaise with clients via email and over the phone, and we also meet with clients face-to-face. We offer outreach services, where we visit users at their homes or other locations, if they are unable or unwilling to come to us.

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NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

Multi-faith work and Diversity:

The NLMCC is a founding member of the Muslim Jewish forum, which was established in 2001 and continues to work for the mutual benefit of both the Orthodox Jewish and Muslim communities on local, regional, national, and international issues.

The NLMCC serves a diverse group of users, with a significant proportion coming from a variety of different backgrounds. Approximately 30% of the more than 2,500 users in 2023-23 were nonMuslim, indicating that the organisation can attract and serve a wide range of people from different cultural, religious, and demographic groups.

Our approach is particularly important in a diverse community as there are many different groups with diverse needs and concerns. Our open-door policy ensures that we can meet the needs of a wide range of people and organisations.

External Activities:

The NLMCC facilitates a range of external activities that are usually not provided directly by NLMCC staff, but by other organisations or individuals who share our values and vision. Our role is to support and promote these activities, and to provide access and opportunities for our community members to participate in them. Our vision is to create a diverse and inclusive environment where our community members can enjoy a variety of activities and groups that suit their needs and interests, and that enhance their physical, mental, and social well-being.

We facilitate a range of activities that cover different domains such as exercise, sports, social, and cultural. Some of our activities include:

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NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

4. Sustainability and Future Objectives

The NLMCC is actively seeking financial support for its projects at the local and national levels. To ensure the organisation’s long-term sustainability, the Board of Directors is continually evaluating its role and engagement within the community. Unrestricted surplus funds are designated to the NLMCC Development Fund, which is used to build the financial resources needed for long-term projects.

In addition to the above, the board has also held discussions about the organisation’s long-term strategic vision, including the potential to explore further development opportunities that could help unlock the potential of NLMCC’s assets and expand its service offerings.

The NLMCC has set out several short and long-term objectives that it is working towards. These include specific goals related to funding, community involvement, and the development of new services and programs for the community. Some objectives are on-going, and others will ultimately reach an end point. They are set out below.

Short-term Objectives:

Long-term Objectives:

The NLMCC is committed to ensuring its sustainability and achieving its future objectives. We have sought funding from various sources to support our projects, and we have explored development opportunities to unlock our potential. We have set out clear and realistic objectives that reflect our vision and mission, and we have begun renovating our premises to improve our facilities and services

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NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

(further details can be found under Section 5 below). Our sustainability and future objectives have helped us to improve our performance, impact, and reputation, and we are confident that we will continue to grow and thrive as an organisation.

5. Renovation Works

In 2022, NLMCC began a multi-year process of refurbishing and renovating our Cazenove Road premises. This began with the installation of energy-efficient windows, which will help to reduce our energy consumption and carbon emissions in addition to improving the comfort and security of our building. We aim to have these works completed by the end of the next financial year (March 2024).

The NLMCC have moved on to the other phases of renovating its facilities, which includes:

The refurbishment works and new windows will help to upgrade not only our facilities, but also our service delivery and user satisfaction. However, this is likely to require a significant investment of time and resources. However, NLMCC firmly believes that the benefits of these improvements, including cost savings, efficiency, and improved facilities for the community, will make them worthwhile in the long run.

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NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

6. Managing Risks

The Board of Directors are conscious of the fact that its ambitious sustainability project could place significant pressure on the organisation. On the back of this aim, the board have developed a risk management plan to fully assess and mitigate the risks that these projects may pose to the Centre and thus ensure that the organisation is not overburdened.

The Trustees monitor the financial position of the charity on a regular basis. The Charity aims to maintain at least six months of overheads within the reserves, ensuring that in the event of an emergency the community centre can continue to provide services without other income streams.

Some of the risks being considered are:

These are just some of the immediate concerns that the Board of Directors will consider. There are many other challenges which will emerge over the next few months and years and these will be given due consideration and rating.

7. Statement of trustee’s responsibilities

The Trustees are required by law to prepare financial statements for each financial year, which gives a true and fair view of the Charity and of the results for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and therefore take reasonable steps for the prevention and detection of fraud and other irregularities.

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NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

8. Acknowledgements

We are extremely grateful to all of our funders for their ongoing support. We would like to express our heartfelt thanks to:

Without the support of these funders, we would not be able to provide the valuable services that we do to our community. We are deeply grateful for their partnership and support.

9. Approval

This report was approved by the Chair of the Board of Directors & Trustees on 20th December 2023 and was signed on their behalf.

Signed on behalf of the Board of Directors & Trustees:

……………………………………………………………………………

Ummer Farouk Alibhai NLMCC Vice Chair of Trustees and Company Director

13

Independent Examiner’s Report to the Trustees of North London Muslim Community Centre Limited

I report to the charity trustees on my examination of the accounts of North London Muslim Community Centre Limited (the Company) for the year ended 31 March 2023.

Responsibilities and Basis of Report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’),

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried our under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the Company gross income exceeded £250,00 your examiner must be a member of a body listed in section 145 of the 2011 Act. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination’; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Salim Kala (Dec 21, 2023 11:52 GMT)

Salim Kala KALA ATKINSON Chartered Certified Accountants & Statutory Auditors 43 Upton Lane Forest Gate London 7 9PA

Date: 20 December 2023

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NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2023

Notes
INCOMING RESOURCES
Incoming Resources from Generated Funds
User Contribution
3
Income from Charitable Activities
Grants and Donations
4
Total Incoming Resources
RESOURCES EXPENDED
Charitable Activities
5
Grants and Donations for NLMCC Development
fund / Transferred to Designated Funds
13
Total Resources Expended
Net incoming/(outgoing) resources
Funds Brought Forward
Funds Carried Forward		 Unrestricted
Funds
£		 Restricted
Funds
£		 Total
31-03-2023
£		 Total
31-03-2022
£
136,978
-		 -
493,359		 136,978
493,359		 159,172
500,776
136,978
27,843
109,135		 493,359
492,720
639		 630,337
520,563
109,774		 659,948
503,460
156,308
136,978 493,359 630,337 659,948
- - - -
- 19,221 19,221 19,221
- 19,221 19,221 19,221

15

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2023

Notes
FIXED ASSETS:
Tangible Assets
9
CURRENT ASSETS:
Debtor
10
Cash at Bank and in Hand
CURRENT LIABILITIES:
Creditors: Falling due within one
year
11
NET CURRENT ASSETS
Creditors: Falling due after one
year
NET ASSETS
FUNDS:
Restricted Funds
Designated
TOTAL FUNDS		 Unrestricted
Funds
£		 Restricted
Funds
£		 Total
31-03-2023
£		 Total
31-03-2022
£
1,190,708 133,001 1,323,709 1,272,827
-
565,463		 13,944
28,909		 13,944
594,372		 17,063
523,956
565,463
5,277		 42,853
23,632		 608,316
28,909		 541,019
20,504
560,186
-		 19,221
-		 579,407
-		 520,515
-
1,750,894 152,222 1,903,116 1,793,342
-
1,750,894		 19,221
133,001		 19,221
1,883,895		 19,221
1,774,121
1,750,894 152,222 1,903,116 1,793,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the board of Directors on 20[th] December 2023 and were signed by:

…………………………………………………………………

Ummer Farouk Alibhai

NLMCC Vice Chair of Trustees and Company Director

16

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

CASH FLOW STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

CASH FLOWS FROM OPERATING ACTIVITIES
Net Income / (Expenditure) for the Reporting Period (as per the financial
statements)
Depreciation Expense
(Increase) / Decrease in Debtors
Increase / (Decrease) in Creditors
Grants and Donations for NLMCC Development fund / Transferred to
Designated Funds
Net Cash Provided by (used in) Operating Activities
CASH FLOWS FROM INVESTING ACTIVITIES
Net Income / (Expenditure) for the Reporting Period (as per the financial
statements)
Purchase of tangible fixed assets
Net Cash Provided by (used in) Investing Activities
Change in Cash and Cash Equivalent in the Reporting Period
Cash and Cash Equivalent at the Beginning of the Reporting Period
Cash and Cash Equivalent at the End of the Reporting Period
Reconciliation:
Cash at Bank and In Hand		 Total
31-03-2023
£		 Total
31-03-2022
£
-
2,120
3,119
8,405
109,774		 -
-
30,543
(58,712)
156,038
123,418 128,139
-
(53,002)		 -
-
(53,002) -
70,416 128,139
523,956
594,372		 395,817
523,956
70,416 128,139

17

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

Basis of preparation of accounts

The financial statements of the charity company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in pound sterling which is the functional currency of the charity.

The principal accounting policies applied in the preparation of these financial statements are set out below.

Going concern

The financial statements have been prepared on a going concern basis as the Trustees anticipate no material uncertainties exist going forward, and that the expected level of income will support all expenditure for 12 months from the date of authorising these financial statements.

Income

All incoming resources are included on the Statement of Financial Activities when charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that he income will be received.

Expenditure

All expenditure is accounted for on an accruals basis within the Statement of Financial Activities, and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised once there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Where costs cannot be directly attributed to the headings, they have been allocated to activities on a basis consistent with the use of resources.

Allocation of Costs

Costs are allocated directly to projects where they can be identified as relating solely to that project. Other costs are allocated between the funds based on staff time spend on the fund activities or other appropriate criteria.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is calculated on the following basis: Motor vehicles 25% on cost Fixture & Fittings 4% on cost

Restricted Land and Buildings are no longer depreciated but are subject to a professional valuation reviews for impairment. Unrestricted Land and Buildings are not depreciated and kept at cost value.

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NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Fund Structure

The Trust has its main grants as restricted income funds where a donor requires that the fund must be spent on a particular purpose or where funds have been raised for a specific purpose. Other funds are classified as unrestricted income funds. Designated funds comprise unrestricted funds that have been set aside by the trustees for the development of the charity to expand and advance its services.

Fund Accounting

Unrestricted funds can be used in accordance with the charitable objective at the discretion of the Trustees. Restricted funds can only be used for the particular purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular purposes.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where debt instrument is measured at the present value of the future payments discounted at the market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme by B & C E Financial Services Ltd. Contributions payable to the charity’s pension scheme are charged to the Statement of Financial Activates in the period to which they relate.

Taxation

The charity is exempt from tax on its charitable activities.

2. LEGAL STATUS OF THE TRUST

The charity is a company limited by guarantee and has no share capital.

3. USER CONTRIBUTION

Membership Fees
Service Charge
Hall Hire
Minibus Hire
Table / Chair Hire
Sundry
Rental Income		 Unrestricted
Funds
£		 Restricted
Funds
£		 31/03/2023
£		 31/03/2022
£
2,130
56,925
12,610
-
450
6,063
58,800		 -
-

-
-
-

-

-		 2,130

56,925

12,610

-

450

6,063

58,800		 1,610
84,389
11,400
50
435

2,488

58,800
136,978 -
136,978		 159,172

19

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

4. GRANTS AND DONATIONS

GRANTS AND DONATIONS
CYH
Ihsan Nursery
Ihsan Children Centre
Advocacy
Hackney Advice Partnership
LBH / HCVS Luncheons Club
Sundry
Jack Petchey
London Youth		 Unrestricted
Funds
£		 Restricted
Funds
£		 31/03/2023
£		 31/03/2022
£
-
-
-
-
-
-
-
-
-		 67,320

177,216

200,872
9,108

15,679

8,254

12,610

900

1,400		 67,320
177,216
200,872
9,108
15,679
8,254
12,610
900
1,400		 65,500
189,069
209,520
13,800
12,133
8,254
-
600
1,900
-
493,359		 493,359 500,776

5. CHARITABLE ACTIVITIES

CHARITABLE ACTIVITIES
CYH
Ihsan Nursery
Ihsan Children Centre
Advocacy
Hackney Advice Partnership
LBH / HCVS Luncheons Club
Refurbishment
Jack Petchey
Rental Property Expense
Non-Project Expenditure
London Youth
Depreciation of Fixtures & Fittings
Sundry
Non – Project Expenditure		 Unrestricted
Funds
£		 Restricted
Funds
£		 31/03/2023
£		 31/03/2022
£
-
-
-
-
-
-
19,263
-
3,019
-
-
2,120
-
3,441
67,320

172,790
200,872
12,895
15,679

8,254
-
900
-
-
1,400
-
12,610
-		 67,320
172,790
200,872
12,895
15,679
8,254
19,263
900
3,019
-
1,400
2,120
12,610
3,441		 65,500
178,733
209,520
11,880
12,133
8,254
7,968
600
3,897
3,255

1,900
-
-
-
27,843
492,720		 520,563 503,640

6. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

20

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

7. STAFF COST

Wages and salaries include salary paid to both employees who provided direct charitable service and those who were involved in the management of the charity.

Salary
Social Security
Pension Contribution
The total number of employees during the year was as follows.
Staff		 31/03/2023
£		 31/03/2022
£
366,680
12,437
4,271		 357,494
11,524
3,653
383,388 372,671
31/03/2023 31/03/2022
42 40

No employees received emoluments in excess of £60,000

8. ACCOUNTANTS’ REMUNERATION

Accountant Fees
Payroll Cost		 31/03/2023
£		 31/03/2022
£
3,000
2,000		 3,000
2,120
5,000 5,120

9. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Cost:
At 1 April 2022
Additions
At 31 March 2023
Depreciation:
At 1 April 2022
Charge for the year
At 31 March 2023
Net Book Value:
At 31 March 2023
At 31 March 2022 Restated		 Motor Vehicle
£		 Fixtures &
Fittings
£		 Land &
Building
£		 Total
£
38,199
-		 -
53,002		 1,272,826
-		 1,311,025
53,002
38,199 53,002 1,272,826 1,364,027
38,198
-		 -
2,120		 -
-		 38,198
2,120
38,198 2,120 - 40,318
1 50,882 1,272,826 1,323,709
1 - 1,272,826 1,272,827

21

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

10. DEBTORS

Debtor
Prepayments		 31/03/2023
£		 31/03/2022
£
6,220
7,724		 17,063
-
13,944
17,063
11. CREDITORS: Amount falling due within one year
Contract Income received in advance
Rental Income received in advance
Accruals
31/03/2023
£		 31/03/2022
£
9,500
694
18,715		 -
694
19,810
28,909 20,504

12. RELATED PARTY DISCLOSURES

  1. The trust employs one person who is related to a trustee as follows: Name of employee Relationship Salary per annum (£) Mr S Gajia Brother £22,914

  2. Mr Mohamed Munaf Zina is a director of Foster Care Link Ltd (04743655). Foster Care Link are utilising office space in part of the NLMCC building. They pay a service charge towards the running costs of the NLMCC. The current service charge is £15,450 per annum. Any conflict of interest is minimised as the trustee member is unable to take part in any of the discussions related to Foster Care Link Ltd.

13. GRANTS AND DONATIONS FOR NMLCC DEVELOPMENT FUNDS / TRANSFERRED TO DESIGNATED FUNDS

The following funds have been allocated from un-restricted to designated fund:

Start of the year
Adding during the year		 Unrestricted
Funds
£		 Restricted
Funds
£		 Total
31/03/2023
£		 Total
31/03/2022
£
109,135 639 1,774,121
109,774		 1,617,813
156,308
109,135 639 1,883,895
1,774,121

The above amount transferred to designated funds.

22

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

INCOMING RESOURCES
User Contribution
Membership Fees
Service Charge
Hall Hire
Minibus Hire
Table/Chair Hire
Sundry
Rental Income
Grants & Donations
CYH
Ihsan Nursery
Ihsan Children Centre
Advocacy
Hackney Advice Partnership
LBH / HCVS Luncheon Clubs
Sundry
Jack Petchey
London Youth
Total incoming Resources
RESOURCES EXPENDED
Charitable Activities
CYH
Ihsan Nursery
Ihsan Children Centre
Advocacy
Hackney Advice Partnership
LBH / HCVS Luncheon Clubs
Refurbishment (Unrestricted)
Sundry
Jack Petchey
Rental Property Expense (Unrestricted)
Depreciation for Fixtures & Fittings
Non-Project Expenditure (Unrestricted)
London Youth
Resources Expended
Designated Fund
Total Resources Expended
SURPLUS OF INCOME OVER (EXPENDITURE)		 31/03/2023
£
2,130
56,925
12,610
-
450
6,063
58,800
136,978
67,320
177,216
200,872
9,108
15,679
8,254
12,610
900
1,400
493,359
630,337
67,320
172,790
200,872
12,895
15,679
8,254
19,263
12,610
900
3,019
2,120
3,441
1,400
520,563
109,774
109,774
630,337
-		 31/03/2022
£
1,610
84,389
11,400
50
435
2,488
58,800
159,172
65,500
189,069
209,520
13,800
12,133
8,254
-
600
1,900
500,776
659,948
65,500
178,733
209,520
11,880
12,133
8,254
7,968
-
600
3,897
-
3,225
1,900
503,640
156,308
156,308
659,948
-

23