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2024-03-31-accounts

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ ANNUAL REPORT AND STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2024

Charity Number: 1062409

Company Number: 3336135

FOR THE YEAR ENDED 31 MARCH 2024

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

Company Information 1
Report of the Chair & Trustees 2
Report of the Independent Examiner 13
Statement of Financial Activities 14
Balance Sheet 15
Cash Flow Statement 16
Notes to the Financial Statements 17
Income and Expenditure Detailed 22

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2024

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) REPORT OF THE CHAIR AND TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

REPORT ON BEHALF OF THE BOARD OF DIRECTORS AND TRUSTEES

Organisational Status and Governance

Overview:

The North London Muslim Community Centre (NLMCC) serves the Hackney community as a vibrant hub where people from all backgrounds connect and thrive. We foster a welcoming environment, rich in social, cultural, and recreational opportunities, while remaining sensitive to the cultural needs of the Muslim community.

At the NLMCC, we are dedicated to providing targeted support and ensuring positive outcomes through our welfare, social, and educational services. We actively collaborate with other organisations to maximize our impact and better serve the community.

Constituted as a company limited by guarantee and registered as a charity, the NLMCC operates under a memorandum and articles of association.

Purpose:

The North London Muslim Community Centre (NLMCC) strives to:

Directors & Trustees:

The NLMCC is governed by its members who elect a Board of Directors. This Board holds ultimate responsibility for managing risk, developing policy and ensuring financial and management compliance. All Board members serve as both Directors of the Company and Trustees of the Charity.

Staff:

The services are delivered by the Director of NLMCC, who is supported by three full time staff members, 36 part-time staff members and a further six staff members who work on a sessional basis.

2

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE CHAIR AND TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

Overview of NLMCC Services

Ihsan Children’s Centre:

Ihsan Children's Centre provides a range of essential services for young children and their families. We are dedicated to supporting families in creating a positive and enriching early childhood experience. Additionally, Ihsan Children’s Centre offers a safe and nurturing environment for children to socialise and learn through play, contributing to their overall growth and development.

We offer a range of services, including early childhood education, developmental screenings, parenting classes, and support for child health and wellbeing. 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:

3

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE CHAIR AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Ihsan Nursery:

Launched in September 2014, Ihsan Nursery provides high-quality early education and care for children aged 2 to 5 years old. The nursery plays a key role in the NLMCC's strategy to enhance educational and health outcomes for local children and their families.

Ihsan Nursery has earned several awards that demonstrate our commitment to excellence:

We have implemented several initiatives to further support our children's development:

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

4

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE CHAIR AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Ofsted Inspection

Ihsan Nursery received an "Outstanding" rating from Ofsted in June 2023. The report highlighted:

Youth Services:

The NLMCC provides a range of activities and opportunities for young people aged 8 to

19, supporting their personal, social, and educational development. We offer a safe and supportive environment where young people can:

Our high-quality and diverse youth services cater to the needs and interests of young people. We offer a variety of programs, including:

5

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE CHAIR AND TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

We believe our youth services have helped young people to achieve their potential, overcome challenges, contribute to their communities and develop social responsibility, leadership skills, and global citizenship.

Over 55 Luncheon Club:

The NLMCC's Luncheon Club offers support and companionship to vulnerable elderly people in the community. We strive to help our members stay active, connected, and improve their quality of life and wellbeing.

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.

Our 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:

NLMCC’s Luncheon Club is a valuable and appreciated service that supports and empowers vulnerable elderly people in the community. We are proud to offer a range of services and activities that contribute to an improved quality of life and wellbeing for our members.

6

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE CHAIR AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Advocacy Service:

The NLMCC's Advocacy Service empowers residents to navigate life's challenges and opportunities. We help individuals:

We provide advocacy support across a wide range of issues, including:

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 to come to us.

Advice, Information & Guidance Service:

The NLMCC offers advice, information, and guidance services both online and in person, covering a range of issues, including:

We empower individuals to understand their rights and entitlements, access essential support and resources, resolve problems and overcome challenges.

We have experienced a significant increase in demand for our advice services, particularly regarding social and welfare benefits and housing. This surge is linked to the current social and economic climate, including the cost of living crisis and the complexities of Universal Credit.

7

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE CHAIR AND TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

The cost of living crisis has significantly impacted people's quality of life and financial wellbeing, leading to challenges such as food insecurity, homelessness, and other forms of poverty.

The shift to online-only applications for Universal Credit has created barriers for individuals facing language and computer literacy challenges. This has resulted in increased demand for our assistance in completing and updating claims.

To meet this growing need, the NLMCC has:

Multi-faith work and Diversity:

The NLMCC is committed to fostering positive relationships with diverse faith communities. As a founding member of the Muslim Jewish Forum (established in 2001), we actively 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 community, with people from a variety of backgrounds accessing our services. We typically see more than 2,500 service users, of which approximately 30% are non-Muslim. This demonstrates our commitment to inclusivity and our ability to attract and serve individuals from different cultural, religious, and demographic groups.

Our open-door policy ensures that we can meet the diverse needs of our community. We recognise the importance of providing a welcoming and inclusive environment for all, regardless of their background.

External Activities:

The NLMCC supports a vibrant ecosystem of external activities provided by organisations and individuals who share our values. We promote these activities and provide access and opportunities for our community members to participate in them.

We aim to create a diverse and inclusive environment where our community members can enjoy a variety of activities and groups that meet their needs and interests and enhance their physical, mental, and social wellbeing

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

8

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE CHAIR AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Renovation Works

In 2022, the NLMCC embarked on a multi-year refurbishment and renovation programme of our Cazenove Road premises. This began with the installation of energyefficient windows to reduce energy consumption and carbon emissions, while also improving comfort and security. We aim to complete the next phase of renovations by the end of 2024.

We have made significant progress in phase two, creating:

These renovations will upgrade our facilities, enhance service delivery, and improve user satisfaction. We believe the benefits, including cost savings, increased efficiency, and improved facilities for the community, will make this investment worthwhile.

9

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE CHAIR AND TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

Sustainability and Future Objectives

The NLMCC is committed to long-term sustainability and continually evaluates its role within the community. We actively seek diverse funding streams to sustain and enhance our services.

We are dedicated to exploring opportunities that align with our long-term strategic vision. This includes identifying potential development opportunities to unlock the potential of our assets and expand our service offerings.

We have set the following short-term and long-term objectives:

Short-Term Objectives:

Long-Term Objectives:

The NLMCC is actively seeking financial support for its projects through numerous funding streams to support and develop its services. To ensure the organisation’s longterm sustainability, the Board of Directors continually evaluate the NLMCC’s role within the community.

10

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE CHAIR AND TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

Managing Risks

The Board of Directors recognises that our ambitious sustainability project could place significant pressure on the organisation. To mitigate potential risks, we have developed a comprehensive risk management plan to assess and address challenges associated with these projects.

The Trustees regularly monitor the charity's financial position. We aim to maintain reserves equivalent to at least six months of operating costs, ensuring that the community centre can continue providing services even in emergencies or unforeseen circumstances.

Key Risks Under Consideration:

These are some of the immediate concerns the Board of Directors is actively addressing. We recognise that other challenges may emerge, and we are committed to ongoing risk assessment and mitigation to ensure the continued success of the NLMCC and its services.

Statement of Trustee’s Responsibilities

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. The Trustees have reviewed and considered the Charity Commission's guidance on public benefit.

11

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE CHAIR AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

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:

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.

Approval of Accounts

This report was approved by the Chair of the Board of Directors & Trustees on 15[th] December 2024 and was signed on their behalf.

Signed on behalf of the Board of Directors & Trustees:

…………………………………………………………………………… Aa Mohamed Munaf Zina

NLMCC Chair of Trustees and Company Director

12

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

FOR THE YEAR ENDED 31 MARCH 2024

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 2024.

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 2 4 KALA ATKINSON KA IKINSO) Chartered Certified Accountants hartered Certified Accountants

43 Upton Lane 43 Upton Forest Gate Forest Gat London London 7 9PA E?7 SPA Date: 17"" December 2024 Date: 13[th] December 2024

13

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2024

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
31-03-2024
£		 Total
31-03-2023
£
96,040
-		 -
466,948		 96,040
466,948		 136,978
493,359
96,040
113,580
(17,540)		 466,948
492,218
(25,270)		 562,988
605,798
(42,810)		 630,337
520,563
109,774
96,040 466,948 562,988 630,337
- - - -
- 19,221 19,221 19,221
- 19,221 19,221 19,221

14

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2024

Notes Unrestricted
Funds
£		 Restricted
Funds
£		 Total
31-03-2024
£		 Total
31-03-2023
£
FIXED ASSETS:
Tangible Assets 9 1,200,882 133,001 1,333,883 1,323,709
CURRENT ASSETS:
Debtor 10 - 9,936 9,936 13,944
Cash at Bank and in Hand 507,896 20,374 528,270 594,372
CURRENT LIABILITIES: 507,896 30,310 538,206 608,316
Creditors: Falling due within
one year		 11 (694) (11,089) (11,783) (28,909)
NET CURRENT ASSETS 507,202 19,221 526,423 579,407
Creditors: Falling due after
one year - - - -
NET ASSETS 1,708,084 152,222 1,860,306 1,903,116
FUNDS:
Restricted Funds - 19,221 19,221 19,221
Designated 1,708,084 133,001 1,841,085 1,883,895
TOTAL FUNDS 1,708,084 152,222 1,860,306 1,903,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 15[th] December 2024 and were signed by:

…………………………………………………………………

Mohamed Munaf Zina NLMCC Chair of Trustees and Company Director

15

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

CASH FLOW STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

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
31-03-2024
£		 Total
31-03-2023
£
-
15,794
4,008
(17,126)
(42,810)		 -
2,120
3,119
8,405
109,774
(40,134) 123,418
-
(25,968)		 -
(53,002)
(25,968) (53,002)
(66,102) 70,416
594,372
528,270		 523,956
594,372
(66,102) 70,416

16

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

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 Equipment & Fittings 20% 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.

17

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

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&CE 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
Table / Chair Hire
Sundry
Project Income
Rental Income		 Unrestricted
Restricted
Funds
Funds
31/03/2024
31/03/2023
£
£
£
£
-
-
-
2,130
15,550
-
15,550
56,925
11,302
-
11,30212,610
503
-
503
450
3,302
-
3,302
420
6,183
-
6,183
5,643
59,200
-
59,200
58,800
96,040
-
96,040
136,978

18

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

4. GRANTS AND DONATIONS

Youth
Ihsan Nursery
Ihsan Children’s Centre
Advocacy & Advice
Over 55 Luncheon Club
Sundry		 Unrestricted
Funds
£		 Restricted
Funds
£		 31/03/2024
£		 31/03/2023
£
- 66,400 66,400 69,620
-
-
-
-
-
188,338

184,300
15,900

9,510

2,500		 188,338
184,300
15,900
9,510
2,500		 177,216
209,882
24,787
8,254
3,600
- 466,948 466,948 493,359

5. CHARITABLE ACTIVITIES

CHARITABLE ACTIVITIES
Youth
Ihsan Nursery
Ihsan Children’s Centre
Advocacy & Advice
Over 55 Luncheons Club
Refurbishment
Rental Property Expense
Depreciation of Fixtures & Fittings
Sundry
Non – Project Expenditure		 Unrestricted
Restricted
Funds
Funds
31/03/2024
31/03/2023
£
£
£
£
-
75,462
75,462
69,620
-
196,103
196,103
172,790
-
191,861
191,861
209,882
-
15,900
15,900
28,574
- 10,392
10,392
8,254
87,396
-
87,396
19,263
10,390
-
10,390
3,019
15,794
-
15,794
2,120
-
2,500
2,500
3,600
-
-
-
3,441
1,13,580
492,218
605,798
520,563

6. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31 March 2024 nor 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.

19

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Salary
Social Security
Pension Contribution		 31/03/2024
31/03/2023
£
£
401,591
366,680
13,592
12,437
4,812
4,271
419,995
383,388

The total number of employees during the year was as follows.

Staff

----- Start of picture text -----
31/03/2024 31/03/2023
46 42
----- End of picture text -----

No employees received emoluments in excess of £60,000

8. ACCOUNTANTS’ REMUNERATION

Accountant Fees
Payroll Cost		 31/03/2024
31/03/2023
£
£
3,300
1,902
3,000
2,000
5,202
5,000

9. TANGIBLE FIXED ASSETS

Cost:
At 1 April 2023
Additions
At 31 March 2024
Depreciation:
At 1 April 2023
Charge for the year
At 31 March 2024
Net Book Value:
At 31 March 2024
At 31 March 2023 Restated		 Motor Vehicle Equipment’s
& Fittings		 Land &
Building		 Total
£ £ £ £
38,199
-		 53,002
25,968		 1,272,826
-		 1,364,027
25,968
38,199 78,970 1,272,826 1,389,995
38,198
-		 2,120
15,794		 -
-		 40,318
15,794
38,198 17,914 - 56,112
1 61,056 1,272,826 1,333,883
1 50,882 1,272,826 1,323,709

20

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

10. DEBTORS

Debtor
Prepayments		 31/03/2024 31/03/2023
£ £
9,936
-		 6,220
7,724
9,936
13,944

11. CREDITORS: Amount falling due within one year

Contract Income received in advance
Rental Income received in advance
Accruals		 31/03/2024
£		 31/03/2023
£
-
694
11,089		 9,500
694
18,715
11,783 28,909

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 £23,840

  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
Restricted
Total
Total
Funds
Funds
31/03/2024
31/03/2023
£
£
£
£
1,883,895
1,774,121
(17,540)
(25,270)
(42,810)
109,774
(17,540)
(25,270)
1,841,085
1,883,895

The above amount transferred to designated funds.

21

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2024

INCOMING RESOURCES
User Contribution
Membership Fees
Service Charge
Hall Hire
Table/Chair Hire
Sundry
Project Income
Rental Income
Grants & Donations
Youth
Ihsan Nursery
Ihsan Children’s Centre
Advocacy & Advice
Over 55 Luncheon Club
Sundry
Total incoming Resources
RESOURCES EXPENDED
Charitable Activities
Youth
Ihsan Nursery
Ihsan Children’s Centre
Advocacy & Advice
Over 55 Luncheon Clubs
Refurbishment (Unrestricted)
Sundry
Rental Property Expense (Unrestricted)
Depreciation for Fixtures & Fittings
Non-Project Expenditure (Unrestricted)
Resources Expended
Designated Fund
Total Resources Expended
SURPLUS OF INCOME OVER (EXPENDITURE)		 31/03/2024
£
-
15,550
11,302
503
3,302
6,183
59,200
96,040
66,400
188,338
184,300
15,900
9,510
2,500
466,948
562,988
75,462
196,103
191,861
15,900
10,392
87,396
2,500
10,390
15,794
-
605,798
(42,810)
(42,810)
562,988
-		 31/03/2023
£
2,130
56,925
12,610
450
420
5,643
58,800
136,978
69,620
177,216
209,882
24,787
8,254
3,600
493,359
630,337
69,620
172,790
209,882
28,574
8,254
19,263
3,600
3,019
2,120
3,441
520,563
109,774
109,774
630,377
-

22