ISLINGTON REFUGEE AND MIGRANT FORUM LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Company Number: 05603929 Charlty Number: 1116479 LONDON ACCOUNTANCY PRACTICE SOJOURNER TRUTH CENTRE 161 SUMNER ROAD LONDON SE15 6JL ISLINGTON REFUGEE AND MIGRANT FORUM LTD ADMINISTRATIVE INFORMATION YEAR ENDED 31ST MARCH 2025 REGISTRATION DETAILS ISLINGTON REFUGEE AND MIGRANT FORUM LTD is a registered incorporated company in England and Wales with Company Number 05603929 and Charfty Number 1116479. BOARD OF TRUSTEES: Gulala Baklr...............................Chairperson Raphael Andrews....................Secr8tsry Yussuf Ahmed ......................Treasurer Kayode Olaoye................-........-Trustee Wezenet Haile.......................Trustee Dulchat Abbas......................Trustee Salna Abdallah......... ..Trustee PRINCIPAL ADDRESS: ISLINGTON REFUGEE AND MIGRANT FORUM LTD 200a Pentoville Road London N19JP INDEPENDENT EXAMINER LONDON ACCOUNTANCY PRACTICE Sojoumer TrLrth Centre 161 Sumner Road London SE15 6JL BANKERS Barclays Bank Plc, Islington ISLINGTON REFUGEE AND MIGRANT FORUM LTD REPORT OF THE MANAGEMENT COMMIThEE FOR THE YEAR ENDED 31ST MARCH 2025 The Management Committee present thelr Report and the Financial Ststements for the year ended 3151 March 2025. PRINCIPAL ACTIVtriES To strengthen mcmbcrs, organisational (Re￿gee community Organisations) development and sustainability to enable them serve refugee communities in Islington. To infiuence policies and agenda that affect the refugee communities. STATEMENT OF MANAGEMENT COMMirrEE RESPONSIBIUTIES The management commlttee are required to prepare financial statements which give a true and fair view of Ihe state of affairs of the project and of the income arKI expenditure of the project for that perlod. In p￿paring these financial statements. the management committee are required to: - select sultable accounting policies and apply them consistently; - make judgements and estimates that are reasonable and prudent: state whether applicable standards and statement of recommended practice in the financial statements, and - prepare the financial statements on the going concem basis unless it is inappropriate to presume that the project will continue in operation. The management committee are responsible for keeping proper records which disclose at any time the financial posltion of the project. They are also responslble for safeguarding the assets of the organisation and hen￿ for taking reasonable steps for the prevention and detection of frauds and other irregularities. Sign.... Secretary Date.. ..2025 Raphael Andrews ACTIVITIES, DEVELOPMEKfs AND ACHIEVEMENTS DURING THE YEAR The Islington Refugee and Minority Forum (IRMF) Is a user-led charfly representing the borough's athnically dlverse refugee and mlgrant communitles. Throughout 2024-25, we continued to support local Refugee and Migrant Communty Organlsations {RMCOs) through advocacy, training, networking, and access to funding-helping them build resilience and deliver sustainable services. As the collective volce of local RMCOS, we collaborate closely with 8takeholders to ensure our members are represented, heard, and better connected to statutory and mainstream 5ervice8. Our work helps these organisations lay strong foundations for long-tenn Impact. Core Activities & Support: IRMF engaged directly with local RMC08 through: 1-to-1 support and guidance Inforniatlve workshops and tralnlng Capaclty-buildlng InltlatJv•8 Forum meetings for knowledge sharing and peer learning Key Events Annual General Meetlng (AGM): Held on 7 May 2024 at Isllngton Town Hall, attended by representatives [managers and directors] from local RMCOS. Refugee Week (20 June 2024): A successful celebratlon wlth strong attendance from communlty members, councillors, the Mayor, and th8 Council Leader. Ongolng Challenges: Many RMCOS continue to face severe funding shortages, widenlng existing gaps in services and increasing inequalÉty, marginalisation, and discrimination in BAMER and refugee communities. Dellverlng Our Core Misslon: To address these challenges, IRMF dellvers a range of vltal servlces: Infomiation Sharing: Distributing relevant resources and leaming between our 53 forum member organisations. Advocacy & Representstlon: Amplfying the volces of refugee and migrant communitles to influence policy and local decision-making. Capacity Bulldlng: Offering training in fundraising, govemance, partnerships, and complIan￿ to improve perfomiance and service delivery. Notworking & Collaboration: Strengthening connections between local organisation8, Statutory bodies, and stake1￿(derS to foster collectlve action. Impact and Growth: Our support has helped RMCOS imprDve efficiency, grow their reach, and meet key development goals. Increased Interest from new organisations reflects the trust and impact of our work. Appreciation: We thank our trustees, coordinator. Outreach Development Officer, and dedicated volunteers for their vltal contributions. Special thanks to our fvnders- the London Borough of Islington and City Brldg• Foundatlon-whose support is essential to our contlnued work. ISLINGTON REFUGEE AND MIGRANT FORUM LTD BOARD OF TRUSTEES, REPORT YEAR ENDED 31ST MARCH 2025 FINANCIAL REVIEW The results of the yearfs operation a￿ set out in the attached financial statements. The net movement in funds for the year amounted to £4,388 and -£4,095 (2024). The retained reserves at 31sI March 2025 amounted to £73,020 and £68.632 (2024) respectively. RESERVE POLICY The company is required to detemiine and explain its policy for free reserves. The trustees have reviewed its free reserve policy and have tumed its entire unrestricted fvnd into an emergerw reserve to enable Islinglon Refvgee Forum to meet its obligations in the event of a shortfall in income or sudden uptum In expenditure. RISK MANAGEMENT The trustees have examined the major risk which Islington Refugee Forum faces and believe that maintaining our free reseNes at a reasonable level, combined with our annual revlew of the controls over key financial systems wlll provide sufficient resources in the event of adverse condltlons. The trustees have also examined other operational and buslness risks whlch we face and confimi that they have estsblished systems to mitigate the significant risks. TANGIBLE FIXED ASSETS The organisation has no fixed assets FUNDS AVAILABLE The present level of funding is deemed adequate to support the continuation of the company operations for the medium term. and the trustees consider the financial position of the company to be satisfactory. VOLUNTEERS Islington Refvgee Forum recognlses the slgnlficant contrfbutlons made by volunteers. ISLINGTON REFUGEE AND MIGRANT FORUM LTD INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMITTEE FOR THE YEAR ENDED 31ST MARCH 2025 I report on the accounts Df the company for the year ended 31 st March 2025, which are set otrt on pages 8 to 9. R88PeCtlve responsibilitles of trustees and examlnér The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of Ihe Charities Act 2011 (the 2011 Ad) and that an independent examination Is needed. Having satisfied myself that the charty is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: examine th8 accounts under seclk>n 145 of the 2011 Act: to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act: and to slale whether particular matters have come to my attention. Basls of independent examinorf8 report My examination was C8rri8d out In accordance with the gener81 Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Gharity and a comparison of the accounts presented with those records. It also includes ¢onsideratlon of any unusual items or dlsclosures In the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is glven as lo whether the accounts present a Irue and fair view and the report is limited to Ihose matters set out in the ststement below. Independent examlnerfs ststement In connection with my examination, rbo matt8r has corne to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with sectlon 386 of the Companies Act 2006., and to prepare accounts which accord with the accounting records, comply with the accounting requirements of seclion 396 of the Companies Act 2006 and with the methods and principles of the Stalement of Recommended Practice: Accounting and Reporting by Charities have rK)t been met; or (2) to which. in my opinion, attention should be drawn in order to er7able a proper understanding of the accounts to be reached. Sign.. Ade Adebambo. MBA, ACMA, London AGcountancy Practice 161 Sumner Road London SE15 6JL MA, ACG, ISUNGTON REFUGEE AND MIGRANT FORUM L7D STAIEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 ST MARCH 2026 INCOMING RESOURCES UNestrl¢tsd Restrlctsd Fund Fund 2026 2024 Totsl Totsl Donations, Legacies & Grants Other Income Total Incomlng Resources 870 46,800 47,670 32,7&J 870 46.800 47.670 32,760 OUTGOING RESOURCES Charitable Eynditure 273 43.009 43282 36.855 Tolal Outgolng Respurce? 273 43 009 43 Net Incoming Resources 597 3,791 4,388 4,095 Balance br¢JJgM forwar 1.632 67,OCrf) 68.632 72.727 8alanc• Carried FoThYard 2229 70791 73020 68632 ISUNGTON REFUGEE AND MIGRANTFORUM LTD BALANCE SHEET AS AT 31ST MARCH 2025 2025 CURRENT ASSETS Cath at Bank Cath in Har¥J 73.576 69.101 73,620 69207 CURRENT UABILIIIES Credilors & Accwals 575 NETCURRENT ASSETS 73,020 68,632 FUNDS OF THE CHARITY UNestrided FuKkts Restricted F￿￿9 2229 70.791 73,020 1.632 87.000 The directors who are also trustees consider Ihat for the period ended 31st Ma 2025, the Company was entitled to exemption from audit under sectlon 477 of the Companies Act 2006 relating to small companles. Directors. ￿SPonSIbl11t1eS. the members have not requlred the company to obtain an audit of its accounts for Ihe year in question in accordance with section 476, the director acknowledge their responsibilities for complylng wlth the requirements of the Act with respect to accounting records and the preparation of accounts these accounts have been prepared in aGcordanGe with the provisions applicable to companles subject to small companies" regime. The financial ststements on pages 8 to 9 were approved by the board of directors on .2025 and signed on its behalf by Sign....... ..Chairpemn Gulala Bakir ..Treasurer Yus5uf Ahmed ISLINGTON REFUGEE AND MIGRANT FORUM LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 1. ACCOUNTING POLICIES 1.1 Basis of preparation of Flnanclal Statements The financlal ststements are prepared under the historic CO8t convention and includ8 the result8 of the charitys operations which are described in the Management Committee's Report and all of whlch are continuing. The accounts have been prepared in accordance with the Statements of Recommended Practice Accounting by Charities. The charity has taken advantage of the exemption of Financial Reporting Stsndard No 1 from the requiremenls to produce a cash flow ststem6nl on the grounds that it qualifi8s as a small charity 1.2 Incoming ReSoU￿eS 1.2.1 Revenue grants are credited to the Statement of Financlal Actlvlties on the earlier date of when they are recelved or when they a￿ recelvable, unless they relate to a speclfic future period. in whlch case they are included on the Balance Sheet as deferred income to be recognlsed in the future accounting period. 1.2.2 Grants re￿iVed for specFfic purposes are accounted for as restricted funds in the Statement of Financial Activities. 1.2.3 Donatlons Donations are accounted for on a cash basls unless deferred. 1.2.4 Other incoming resources other incoming resources are accounted for on an accrual basis. 1.2.5 Deferred Income Where a grant or donation is received in advance for expenditure in a fvture accounting period recognition of that income Is deferred and released In the period in which the expendlture Is Incurred. 1.3 Restrlcted Funds R8Stricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs. 10 1.4 Unrestricted Funds Unrestricted funds are donations and other income rec8ived or generated for the objects of the organisation without further specified purpose and are available for general funds. 1.5 Deslgnated Funds Designated funds are unrestricted funds eannarked by the Management Committee for partlcular purposes. 1,.6 Resources Expended Direct charitable expenditure Indudes all expenditure incurred by ISLINGTON REFUGEE AND MIGRANT FORUM LTD in direct pursuit of its charitsble objectives. Management and administration eXP￿dItUre indudes all costs not directly related to the charitable activities and which cannot be allocated to direct charltable expenditure. 1 .7 Tanglble flxed Assets Depreciation is calculated to write off the cost of flxed a&8ets over their estimated useful lives. Depreciation is charged at 25Yo Straight line on the cost of the asset. 2.0 TAXATION There is no liability to Corporation Tax because of its charilable status. 3.0 CREDITORS AND ACCRUALS 2025 2024 Accountancy Fees 600 575 11 ISLINGTON REFUGEE AND MIGRANT FORUM LTD INCOME AND EXPENDITURE ACCOUNT FOR IHE YEAR ENDED 31ST MARCH 2025 INCOMING RESOURCES Urrfe¥trlcted Restrt¢ted 2026 2024 Totsl 20.000 20,000 32.500 24.300, 24,300 2.500 2.500 Islington Borowh City Bridge Foundalon Islington - for Refugee Week LoThJon churches ReftKJee FLrxJ CAF Donalion Barc￿YS Bank C¢Mpenation Total Incoming Resources 500 120 250 870 120 250 46,800 47,670 31760 260 OUTGOING RESOURCES Charltable A￿1¥11￿03 Selaries HMRC Food and Refresfrfft*nts v￿￿teer Expenses Rdug* UK Travel Rent F41nti￿/ Publid Publicity Web HostiWT Host Media Cortsumaw Fee StationeryJPostage Membership Accountancy Fee Payroll Semces Subscriplions Managemenl Committee Expenses 1r6ufa￿e Sundry Expenses Total Resourc•8 Expendod 28,346 3.947 28.346 21.422 3.947 3.753 164 12 324 1.190 2,837 1.312 10 4230 5.110 947 1,042 164 324 2.837 10 4.230 947 1.042 259 1,750 47 81 43 81 43 6(M) 277 575 303 13 277 39 39 335 25 43 009 43 282 38 335 335 315 55 25 2n 12