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← North London Muslim Community Centre Limited

2025-03-31-accounts

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

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

YEAR ENDED 31 MARCH 2025

Charity Number: 1062409

Company Number: 3336135

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

CONTENTS PAGE FOR THE YEAR ENDED 31 MARCH 2025

Company Information 1
Report on behalf of the Board of Directors and Trustees 2
Overview and Governance 2
Overview of NLMCC Services 4
Financial and Strategic Position 9
Future Plans and Risk Management 11
Acknowledgements 12
Approval of Accounts 12
Report of the Independent Examiner 13
Statement of Financial Activities 14
Balance Sheet 15
Cash Flow Statement 16
Notes to the Financial Statements 17
Detailed Statement of Income and Expenditure 22

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

COMPANY INFORMATION

DIRECTORS & TRUSTEES

Mohamed Munaf Zina (Chairman) Mohammad Shabbir Gajia (Vice Chairman) Ummer Farouk Alibhai (Vice Chairman) Nasser Patel (Treasurer) Ebrahim Loonat Mahmood Bham 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

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Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

REPORT ON BEHALF OF THE BOARD OF DIRECTORS AND TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2025

REPORT ON BEHALF OF THE BOARD OF DIRECTORS AND TRUSTEES

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their annual report and the financial statements for the year ended 31 March 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity.

Overview and Governance

Introduction and Strategic Context:

The North London Muslim Community Centre (NLMCC) stands as a testament to the resilience, generosity, and community spirit of Hackney and North London. For over four decades, the NLMCC has functioned not merely as a building, but as a dynamic social organism that adapts to the shifting socio-economic tides of Hackney and its surrounding boroughs.

The year ending 31 March 2025 has been a period of consolidation and targeted expansion. Emerging from the post-pandemic recovery phase, the NLMCC has navigated a landscape defined by an acute cost-of-living crisis, evolving educational standards, and the pressing need for social cohesion in a rapidly changing environment.

The strategic focus for 2024-25 has been twofold: firstly, to fortify the quality and depth of our existing core services and secondly, to complete significant phases of our capital infrastructure projects to ensure our facilities match the excellence of our service delivery. The financial results for the year underscore the efficacy of this strategy, with Total Incoming Resources reaching £667,411 and a small loss of £523, ensuring a stable platform for future growth.

Our strategic success is rooted in an Islamic ethos of compassion ( Ihsan ), service ( Khidmah ), and community ( Ummah ). These values do not limit our reach; rather, they mandate a radically inclusive service model where our doors are open to all, regardless of faith, ethnicity, or background.

This universality is reflected in our user demographics and our robust partnerships with diverse agencies, including the London Borough of Hackney, whose continued funding and strategic alignment remain vital to our mission.

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Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

REPORT ON BEHALF OF THE BOARD OF DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Structure, Governance, and Management:

The NLMCC is constituted as a company limited by guarantee and is a registered charity. It operates under a Memorandum and Articles of Association which set out the objects and powers of the charitable company.

The governance structure is designed to ensure accountability, transparency, and strategic foresight. The Board of Directors, elected by the membership, serves as the ultimate decision-making body. The Directors are simultaneously Charity Trustees, bearing the legal responsibility for the charity’s management and administration.

The Board meets on a regular cycle to review performance against strategic key performance indicators (KPIs), monitor financial health through management accounts, and assess risks. In 2024-25, the Board has placed particular emphasis on:

Management and Staffing:

The strategic vision of the Trustees is operationalised by the Director of NLMCC, who leads a team of dedicated professionals. Our workforce represents a significant asset to the local economy, comprising Early Years educators, youth workers, advisors, and support staff. The management structure is designed to devolve operational authority while maintaining strict oversight of quality and compliance.

Public Benefit Statement

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities. The NLMCC delivers public benefit through:

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Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

REPORT ON BEHALF OF THE BOARD OF DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Overview of NLMCC Services

Ihsan Children’s Centre & Nursery:

Our Early Years services remain an integral part of the NLMCC’s service provision. In an era where early childhood development is increasingly recognised as the determinant of future life chances, our commitment to providing "Outstanding" care is unwavering. This year, our services have reached 1,260 individuals, with a total volume of 17,703 interactions, supporting 532 families across the borough.

Ihsan Children’s Centre has continued to serve as a community hub, offering a broader range of services designed to support the family unit. The "Family Hubs" initiative has been central to our strategy this year, integrating services to provide a seamless support network.

Core Services and Statistics:

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Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

REPORT ON BEHALF OF THE BOARD OF DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Ihsan Nursery:

Since its launch in 2014, Ihsan Nursery has established itself as a provider of early education for children aged 9 months to 4 years. Our early years provision operates with a clear mandate: to improve educational and health outcomes for local children.

Ihsan Nursery’s performance data for 2024-25 is exceptional. We were ranked among the top three highest academically achieving nurseries in Hackney for the Early Years Foundation Stage Profile (EYFSP) for the periods 2022–2024 and 2024–2025. This metric is critical; it indicates that children leaving our care are statistically more likely to achieve a "Good Level of Development" than their peers, setting them on a trajectory for success in primary school and beyond.

Our academic achievements are underpinned by our regulatory standing. We maintained the nursery’s "Outstanding" rating from OFSTED, following an inspection in June 2023. The inspectors’ report highlighted the "consistently high quality" of teaching and the "carefully planned" curriculum that accounts for children's interests and needs. The report noted that "communication and language provision is a particular strength," a vital attribute in a community where many children speak English as an additional language.

To maintain this level of excellence, the NLMCC has invested in specialist roles and accreditations:

5

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

REPORT ON BEHALF OF THE BOARD OF DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Staff Development and Apprenticeships:

The quality of an early years setting is defined by its staff. We have prioritised Continuous Professional Development (CPD), with staff undertaking training in Our Journey Birth to Five, HENRY (Health Exercise Nutrition for the Really Young), and the Solihull Approach.

Notably, the NLMCC was ranked 43rd among the UK’s leading small enterprises in the Top 50 SME Apprenticeship Employers. This demonstrates our role not just as an education provider, but as a training institution, developing the next generation of Early Years practitioners from within our local community.

Youth Services:

The NLMCC Youth Services operate with a philosophy of providing services that are youth led, fun, and accessible. Our aim is to provide a safe, structured environment where young people aged 8 to 19 can develop social responsibility, leadership skills, and global citizenship.

Reach and Engagement:

In 2024-25, the Youth Service achieved a reach of 197 young people, with a substantial volume of 2,266 interactions. Additionally, the service achieved a Family Reach of 85, indicating that our engagement with young people often opens doors to supporting their wider families.

Programmatic Themes:

Our diverse range of activities offered this year was structured around key themes:

Girls’ Provision:

A specific focus remains on our girls' provision. We offer dedicated, culturally sensitive sessions for girls involving netball, hockey, and fitness. These sessions are crucial for building self-esteem and ensuring that young women in our community have equal access to recreational resources.

6

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

REPORT ON BEHALF OF THE BOARD OF DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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:

Over 55 Luncheon Club:

Our Luncheon Club continues to be a vital service for the elderly, supported by Hackney Adult Services. It addresses the challenge of social isolation and loneliness. By providing hot, culturally appropriate meals and a schedule of social activities, we ensure that the elders of our community remain connected, valued, and healthy. The club is more than a dining service; it is a community node where health screenings and welfare checks can be performed informally and effectively.

Health & Wellbeing Partnership: We have strengthened our clinical and preventative health offer through a partnership with Hoxton Health, hosting a specialist Foot Clinic at the NLMCC. This clinic enables members with mobility issues or diabetes to receive essential toenail care. Sessions are held monthly and have attracted strong interest from the community.

7

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

REPORT ON BEHALF OF THE BOARD OF DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Advice, Advocacy & Social Welfare

The socio-economic climate of 2024-25, characterised by high inflation and housing instability, has placed unprecedented demand on our Advice & Advocacy service. Throughout 2024-25, this service acted as the frontline of our poverty alleviation strategy.

The statistics for the year illustrate the scale of the need and the effectiveness of our response:

A critical insight from our data is that 95% of our clients use the advice service because English is their second language. This highlights the NLMCC’s unique position as a cultural and linguistic bridge. We are not just providing advice; we are providing access to justice and statutory rights for a demographic that is often overlooked due to language barriers and digital exclusion.

Food Security and Sustainability: Beyond referrals, NLMCC has taken direct action to address local food poverty and environmental sustainability. Through strategic partnership work with The Felix Project, we now source approximately 350kg of high-quality surplus food per week. This initiative not only provides immediate relief to families facing the cost-of-living crisis but also reduces food waste, aligning our poverty alleviation work with our environmental stewardship goals.

Advocacy and Complex Casework

Our work extends beyond simple signposting to complex advocacy:

8

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

REPORT ON BEHALF OF THE BOARD OF DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Financial and Strategic Position

The financial statements for the year ended 31 March 2025 reflect a robust and sustainable position, enabling the charity to continue its ambitious service delivery and capital projects.

Total income for the year was £667,411, a significant increase from £562,988 in the previous year. This growth is attributable to an increase in User Contributions and stable grant income.

Total expenditure was £667,934, compared to £605,798 in 2024. This increase aligns with the expansion of our services and inflationary pressures on operational costs.

The charity incurred a net loss of £523 for the year, contributing to a total funds carry forward of £1,859,783.

Impact and Financial Benefit Multiplier:

While the financial statements confirm the Centre's internal stability, the external "social return" on our funding remains one of our most significant achievements. This is most evident in our Advice and Advocacy service.

In 2024-25, despite receiving a specific grant of only £9,500 for this work, our advisors secured £256,452 in confirmed income gain for our clients. This represents an extraordinary return; for every £1 of grant funding invested, the NLMCC returned approximately £27 directly into the local economy and the pockets of Hackney’s most vulnerable residents.

9

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

REPORT ON BEHALF OF THE BOARD OF DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

By converting modest grant resources into life-changing financial security, we ensure that our strategic value to the London Borough of Hackney extends far beyond our own balance sheet.

Our impact is further bolstered by our team’s success in:

Renovation and Sustainability

The multi-year refurbishment of our Cazenove Road premises has been a major strategic focus. In 2024-25, we made significant progress on Phase Two of our multi-year renovation plan.

Reserves Policy

The Trustees maintain a rigorous reserves policy to ensure the charity's resilience. The aim is to hold unrestricted reserves equivalent to at least six months of operating costs. As of 31 March 2025, the Cash and Cash Equivalents stands at £505,740. This healthy position allows the NLMCC to plan for the long term, buffer against grant fluctuations, and self-finance essential capital repairs.

10

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

REPORT ON BEHALF OF THE BOARD OF DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Future Plans and Risk Management

The Community Centre’s healthy reserve position provides the necessary security to pursue our strategic objectives. Looking ahead to 2025-26, the Trustees have identified several key strategic objectives:

The Board actively manages risk through a comprehensive register that is reviewed quarterly.

11

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

REPORT ON BEHALF OF THE BOARD OF DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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 Secretary of the Board of Directors & Trustees on 24th December 2025 and was signed on their behalf.

Signed on behalf of the Board of Directors & Trustees:

…………………………………………………………………………… EC3E29A75916428...

Yasin Balesaria

NLMCC Secretary and Company Director

12

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

REPORT OF THE INDEPENDENT EXAMINER

FOR THE YEAR ENDED 31 MARCH 2025

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 2025.

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 out 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’s gross income exceeded £25,000 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 3D275DC444A7482... KALA ATKINSON Chartered Certified Accountants & Statutory Auditors 43 Upton Lane Forest Gate London E7 9PA

Date: 24th December 2025

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NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

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
Total Resources Expended
Net incoming/(outgoing) resources
transferred to Designated Funds
13
Grants and Donations for NLMCC Development
fund / Transferred to Designated Funds
(Restated)
13
Funds Brought Forward
Funds Carried Forward		 Unrestricted
Funds
£		 Restricted
Funds
£		 Total
31-03-2025
£		 Total
(Restated)
31-03-2024
£
125,067
-		 -
542,344		 125,067
542,344		 96,040
466,948
125,067
122,976		 542,344
544,958		 667,411
667,934		 562,988
605,798
122,976 544,958 667,934 605,798
2,091 (2,614) (523) (42,810)
- - - 19,221
- - - 19,221
- - - -

14

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Funds
£		 Restricted
Funds
£		 Total
31-03-2025
£		 Total (Restated)
31-03-2024
£
1,185,088 133,001 1,318,089 1,333,883
47,074
505,740		 -
-		 47,074
505,740		 9,936
528,270
552,814
(11,120)		 -
-		 552,814
(11,120)		 538,206
(11,783)
541,694
-		 -
-		 541,694
-		 526,423
-
1,726,782 133,001 1,859,783 1,860,306
-
1,726,782		 -
133,001		 -
1,859,783		 -
1,860,306
1,726,782 133,001 1,859,783 1,860,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 24th December 2025 and were signed by:

………………………………………………………………… EC3E29A75916428...

Yasin Balesaria NLMCC Secretary and Company Director

15

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

CASH FLOW STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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
Net incoming/(outgoing) resources 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
31-03-2025
£		 Total
31-03-2024
£
-
15,794
(37,138)
(663)
(523)		 -
15,794
4,008
(17,126)
(42,810)
(22,530) (40,134)
-
-		 -
(25,968)
- (25,968)
(22,530) (66,102)
528,270
505,740		 594,372
528,270
(22,530) (66,102)

16

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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.

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Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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
Minibus Hire & Scrappage Fees
Project Income
Rental Income		 Unrestricted
Funds
£		 Restricted
Funds
£		 31/03/2025
£		 31/03/2024
£
1,800
17,130
9,849
362
582
10,121
14,430
70,794		 -
-

-
-

-
-
-

-		 1,800

17,130

9,849

362

582
10,121
14,430

70,794		 -
15,550
11,302
503

3,302
-
6,183

59,200
125,067 -
125,067		 96,040

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Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4. GRANTS AND DONATIONS

Youth
Ihsan Nursery
Ihsan Children’s Centre
Advocacy & Advice
Over 55 Luncheon Club
Sundry		 Unrestricted
Funds
£		 Restricted
Funds
£		 31/03/2025
£		 31/03/2024
£
-
-
-
-
-
-		 75,708

246,674

201,708
9,500

8,254

500		 75,708
246,674
201,708
9,500
8,254
500		 66,400
188,338
184,300
15,900
9,510
2,500
- 542,344 542,344 466,948

5. CHARITABLE ACTIVITIES

CHARITABLE ACTIVITIES
Youth
Ihsan Nursery
Ihsan Children’s Centre
Advocacy & Advice
Over 55 Luncheon Club
Refurbishment
Rental Property Expense
Depreciation of Fixtures & Fittings
Sundry
Non – Project Expenditure		 Unrestricted
Funds
£		 Restricted
Funds
£		 31/03/2025
£		 31/03/2024
£
-
-
-
-
-
96,225
4,374
15,794
-
6,583
75,708

249,288
201,708
9,500

8,254
-
-
-
500
-		 75,708
249,288
201,708
9,500
8,254
96,225
4,374
15,794
500
6,583		 75,462
196,103
191,861
15,900
10,392
87,396
10,390
15,794
2,500
-
122,976
544,958		 667,934 605,798

6. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

There were no trustees’ expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

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

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Salary
Social Security
Pension Contribution		 31/03/2025
£		 31/03/2024
£
434,265
16,172
5,476		 401,591
13,592
4,812
455,913 419,995

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

Staff

31/03/2025 31/03/2024
48 46

No employees received emoluments in excess of £60,000

8. ACCOUNTANTS’ REMUNERATION

Accountant Fees
Payroll Cost		 31/03/2025
£		 31/03/2024
£
3,300
1,949		 3,300
1,902
5,249 5,202

9. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Cost:
At 1 April 2024
Additions
At 31 March 2025
Depreciation:
At 1 April 2024
Charge for the year
At 31 March 2025
Net Book Value:
At 31 March 2025
At 31 March 2024		 Motor Vehicle
£		 Equipment &
Fittings
£		 Land &
Building
£		 Total
£
38,199
-		 78,970
-		 1,272,826
-		 1,389,995
-
38,199 78,970 1,272,826 1,389,995
38,198
-		 17,914
15,794		 -
-		 56,112
15,794
38,198 33,708 - 71,906
1 45,262 1,272,826 1,318,089
1 61,056 1,272,826 1,333,883

20

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

10. DEBTORS

DEBTORS
Debtor
Prepayments		 31/03/2025
£		 31/03/2024
£
35,985
11,089		 9,936
-
47,074
9,936

11. CREDITORS: Amount falling due within one year

CREDITORS: Amount falling due within one year
Contract Income received in advance
Rental Income received in advance
Accruals		 31/03/2025
£		 31/03/2024
£
-
-
11,120		 -
694
11,089
11,120 11,783

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 £23,190

  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 £17,130 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 NLMCC DEVELOPMENT FUNDS / TRANSFERRED TO DESIGNATED FUNDS

The following funds have been allocated and transferred to designated fund:

Start of the year
Adding during the year
Transferred during the year		 Unrestricted
Funds
£		 Restricted
Funds
£		 Total
31/03/2025
£		 Total
(Restated)
31/03/2024
£
2,091
-		 (2,614)

-		 1,860,306
(523)

-		 1,883,895
(42,810)
19,221
2,091 (2,614) 1,859,783
1,860,306

The above amount transferred to designated funds.

21

Docusign Envelope ID: BCF3F844-82F4-4387-8ABC-A73EA59A17BF

NORTH LONDON MUSLIM COMMUNITY CENTRE LIMITED

DETAILED STATEMENT OF INCOME AND EXPENDITURE

FOR THE YEAR ENDED 31 MARCH 2025

INCOMING RESOURCES
User Contribution
Membership Fees
Service Charge
Hall Hire
Table/Chair Hire
Sundry
Minibus Hire & Scrappage Fees
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)		 31/03/2025
£
1,800
17,130
9,849
362
582
10,121
14,429
70,794
125,067
75,708
246,674
201,708
9,500
8,254
500
542,344
667,411
75,708
249,288
201,708
9,500
8,254
96,225
500
4,374
15,794
6,583
667,934
-
-
667,934
(523)		 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
-
-
605,798
(42,810)

22