THE LONDON MERIT ASSOCIATION
Reports and Accounts
For The Year Ended
30 April 2024
Charity Number.. 1130154

THE LONDON MERIT ASSOCIATIOI
Index
age
Charitv I nformation
Trustees, Annual ReDort
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
8-11

Company Infomiation
Trustees
Musa Karabay (Chairman)
Sevki Yuksekkaya (Secretary)
Enver Gundogdu (Treasurer)
Ismail Sik
Cihat Yildiz
Kenan Boyraz
Charity Number
1130154
Registered Office 4 Centre Way
Claverings Industrial Estate
Enfield, London
N9 OAP

Trustees. Annual Report
Obiectives and Activities
To fvrther or benefit the residents of London and the neighbourhood without
distinction of sex, sexual orientation. ra￿ or polib'cal. religious or other opinions
by associating together Ihe said residents and the local authorities. voluntary and
other organisations in a joint effort to advance education and to provide facilities
in the interests of social welfare for recreation leisure time occupation to improve
the conditions of life forthe residents.
In furtherance of these objects but not otherwise, the trustees shall have the
power to estsblish or secure the establishment of a community centre and to
maintsin or manage or co-operate with any statutory authority in the maintenance
and management of such a centre for adivities promoted by the charity in
furtherance of the above objects.
Achlevements and Perfomiance
The charity continues to go from strength to strength, fostering community
engagement and advancing education. Our new building has become a vibrant
hub for the community. welcoming students from across the borough and from
diverse nationalities. In parlicular, our efforts to support integration into British
society have been highly successfijl, helping students who previously struggled to
adapt to secondary school environments.
We have also continued hosting our popularfetes, which bring people together to
enjoy great-tasting food and strengthen community bonds.
Flnancial Revlew
The charity has successfully Gompleted the construction of our new building
without IncL5rring additional debt, ensuring finanGial sustainability while delivering
a vital community asseL Thls milestone reflects our careful planning and
commitment to responsible financial management.
As expocted, construction costs have reduced our cash reserve5. butthis was
always planned and accounted for. Our ongoing fundraising efforts have helped
to replenish funds, and we remain proactive in organising events and initiatives to
strengthen our financial posikn'on. Looking ahead, we will continue these efforts to
8nsure the charity remains financially resilient and well-positioned to support the
community.
The trustees declare that they havg approved the trnstees, report abovo.
Slgned on behalf of the charlty's trustees
Signaturn(s)
Full name(s)
Position (eg Secretary,
Chair. etc)
Date

Independent Examinerfs Report
Responsibilities and basis of report
I report to the trustees on my examination of the accounts of the above charity ("the
Trusf.) for the year ended 3010412024.
As the charity's trustees, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the Trust's accounts carried out under
section 145 of the 2011 Act and in carrying out my examination, I have followed all
the applicable Directi'ons given by the Charity Commission under section 145(5)(b)
of the Act.
Independent examinerfs statement
The charity's gross income exceeded £250,000 and l am qualified to undertake the
examination by being a qualified member of the Association of Chartered Certified
Accountants.
I have completed my examination. I confirm that no material matters have come to
my attention in conneclion with the examination which gives me cause to believe
that in, any material respect:
.the accounting records were not kept in accordance with section 130 of the
Charities Act; or
•the accounts did not accord with the accounting records; or
.the accounts did not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 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.
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 orderto enable a
proper understanding of the accounts to be reached.
Sloned:
Date..
Name".
Relevant professional
qualification(s) or body:
Association of Chartered Certrfied Accountants
Address:

Statement of Financial Activities for the period 0110512023 - 3010412024
The London Merit Association Charity No. 1130154
Recommended categorles by a¢￿Vity Unrestrlctsd R•strietsd Endowment Totsl funds
F01
F02
Prlor year
Income
lrteomo and ernlomnents frtyn..
F03
F04
F05
205 778
38,278
I￿￿tra*roaCtiVI￿6s
QwtAri Incomg
15.250
Total
Expenditure
Expndlturo on:
Rolslr¥Jfun(
CF¢rltat4eaeOvll88
418 321
418 321
287 926
3,379
502,774
502 774
(￿[￿59n1 Expnsa
Other tr&11ng
Total
530 907
530 907
319 743
Net movement In funds
112 586
112 586
Reconciliation of
Tcl8J fuKls tfowht fLYW8rd
Total funds canled fonvard
274 482
274 482
306 299

Balance Sheet as at 3010412024
The London Merit Association Charity No. 1130154
Unrestrf¢ted Ilegtrfjcted Endobvment
fund5
In¢omè funds
funds
Total this
ye8r
Total last
year
Fixed assets
Tan9ible assets
F01
F02
F03
(Note 31
Total fixed assets
F04
16
799
F05
181
69
181169
68
799
Current assets
Debtorn
(Note 41
Cash at bank and In hand
Total oU￿￿t 8ssets
132 826
138 176
Creditors: amounts falllng du• wlthin
ono year
(Note 5)
Not eunvne assds/(Ilabilitl•s)
To¢•1 assets loss cument Il¥billtles
326
19
Credltors: amount¥ falllng dua after one
year
(Not• 5
Total net assets orllablllths
Funds of the Charity
Unrestrlct8d fund8
61
Total funds
The oompany was entltled to •xomptlon from audit unders477 of the Companles A¢t 2006 relating to small
comp•nI￿.
The momb6rn have not rnqulrnd th• company to obtaln an audft In accordanc• wfth s•ctlon 476 of the
Companlos Act 2006.
Tho dlrnctor5 •cknow16dg0 ¢hwrrgspon51bllltles for complylng wlth tho rgquirom•nts of the Componles
A¢t wlth re8POGt to accounting records and the prepardtion ofaccounts.
Those aGcounts have been pr•par8d in accordance wlth th• prowslons appli¢abh to 8m411 companles
$uble¢t to tha small companlps rnglme and In accordance wlth FRS102 SORP.
Slgn£d by one orts￿ tru$to88ldTrctors on bahaw of all
2S
2g.L.2Q

Note 1
Basis of preparation
Thls so¢tlon should ba Gomnlgtsd bv all charitlos.
1.1 Basis of accountlng and as$e$sment of going concern
These acGounts have been prepared under the historical cost convenlDn with item5 Tacognised at cost or transaGtion value
un188S Otherwi88 Stated in the rolevant nolelsl lo these accounts.
The 8ccounts have Df8Dared in accordanc8 with..
Ihe Stalem8nl of Recommended Practice.. Accounting and Reporting by Char((￿$ preparing their accounts in accordance with
the Finan¢lal Reportlng Standard aPpI￿ab￿ in the UK and Republic of IrèLand IFRS 102) kssued on 16 Juty 2014 and wtih the
CharKi85 kt 2011.
The charty consfjlutes a publk be￿fft entty as defined by FRS 102..
12 Golng concarn
The Iru8tges ¢onskleT that there ar• no m819r￿1 uncertaintles 8bout th• Trusts abilty to ¢onlinue
as a going concern.
1.3 Chango of accountlng poII¢y
The accounts present a true and fair vlew and no changes h8ve been made lo the accounting pdkigs.
1.4 Changes to aGGountlng 08tlmat•s
The frustaès have déckle to kncrea56 th8 doprèclalbn Tate on LeasehoSY Improvomenls due lo the un¢ertainty regarding 1
current premSses.
1.5 Materfal prlor y•ar prrorn
No moterlal prior year error have been Idonlffied the raporlng period13.47 FRS102 SORPI.

Note 2
Accounting policies
2.1 Income
Recoonition of ineomg
These are included In the Statement of Financial Activkles (SOFA) when..
th8 charity becomes enlilled to the resources..
il is more like￿ than not that the t￿SteeS wlll receive the resourceB-,
the mon8t8ry value can be measur8d ￿th sufficient reliabililv.
Offsetdng
There has been no offsetting of assets and l￿bIlItIes. or incoffle and expgnses, unless
required or pemf(led by the FRS 102 SORP or FRS 102.
Grants and donatlons
Grants and donations ara onty included in tho SOFA when the general incom re¢ognitton
crlteria are mel15.10 to 5.12 FRS102 SORP}.
This is included in the accounts when rec8iPt is probable and the amount receivable can be
maasured reliably.
Incomo from momb•rshlp Membernhip subscriptions r8ceiv8d in the natur8 of a gift are recognrsed in Donations and
Su￿¢r￿p110Tr8
Legacies.
Incorne from intsre$(
royaltios and divldends
2.2 Exponditure and Liabilities
Llablllty r•cognlti¢)n
Liabililles ar& r8cognised where it is rTrJre likely than not that Ihaffj Is a legal or construclwe
obligation committing tho charity to pay out resources and the amount of the obligation can
be measured wlth re880nabl& certainty.
Governanco and support Support costs have b68n allocal6d between govemance ¢osl$ and other support.
¢05ts
Govemance costs ¢oryrise all costs invofving publlc aecounlabillty of the chariiy and it8
ompliance with regulation and good practice.
The charity ha8 creditors which a￿ measured 81 selllement an￿UnIS less any trade
dlscounts
Credltor8
The ¢harity 8Gcounts for basic flnanclal Instruments on inlllal recognition as per pardgraph
Ba$lc Inanclal Inslrnmonts 10.7 FRS102 SORP. Subsequent measur8m8nt is as per parngraphs 11.17 to 11.19,
FRS102 SORP.
2.3 A88ets
Tanglblè flxed assets for These are capltalised rf they can be used for more than ona year. and cost al least £300
use by charity
They are valued al cost.
The depreciation oles and methods used are disclosed in note 14.
Dobtor8
Dèbtors {In¢luding trede debtors and 108ns receivable) are mgasur8d on Inltlal re¢ognTrtion at
settlement amount after any trade discounts or amount advanced by the charity.
Subsequentty, they are measured at the cash or other consideration expected to be
received.

Note 3
Tanglble flxed assets
3.1 Co8t or valuation
Lgasehold
Improvements
Fixture$. flttlngs and
equlpment
Vehicle
Total
At the b8annina ofthe
Additions
9,899
4,045
6,000
19,945
Revaluations
DbposaL8
Transfers '
At and of th8 year
203,372
51,972
6,000
261,344
32 Depreclatlon and Impalments
-Basl8
RB
SL
SL
SLorRB
Rat•
At ￿Oi￿nina of the vear
Dispjsals
Depreciation
18,122
12.993
1,200
32,315
Impalrment
Transfer$.
At ond of the ye8r
40,275
51,070
1,200
92,545
3.3 Net book value
Nel book value al the
begnning of the year
Not book voluo at the
end of the year
171,320
9,849
181,169
163,097
902
4,800
168.799

Note 4
Debtors and prepayments
4.1 Analysis of débtors
This vear
Last vear
Other debtors
5.350
5,350
5.350
5.350
Total
Note 5
Credltors and accruals
Please complete thls note If tho charlty has any er8ditors orac¢rnal8.
5.1 Analysls of crodltors
Amounts
allin
Thls vear
due within
Last vear
Amount f I
Thls vear
In
due after
Last vear
AcGrual8 for grants payablo
Bank loans and overdrafts
Total
TRUSTEES'S RENUMERATION AND EXPENSES
No remuneration diractly or indir8Ctly out of the ftjnds of the charity was paid or payable for the year to
any trustee orto any person or persons known to be connected with any ofthem.

Note11
Paid employees
Please complete this note If the charity has any employees.
11.1 staff Costs
This year
Last year
Salaries and wages
Social security costs
Pension costs (defined contribution
Other employee benefits
87,925
51,399
Total staff costs
87,925
51,399
Please give detalls of the number of emplo
No employees recelved employee benefits
ees whose total emplo
This
ear
Last
oar
Please provlde the total amount paid to
24,000
20,000
This year
Number
Last year
Number
11.2 Average head count In the
The parts of the charity In
whlch the employees work
ear
Total

Note 13
Grantmaking
Please complete this note rf the charity made any grants or donations
This year:
13.1 Anal
sis of
rants
aid
Analysis
institutions
included in ¢ost of charitable activlties
individuals
costs
Total
8Ct1
ect2
Total
28,880
Please enter "Nll" If the charfty does not identlfy and/or allocate
13.2 Grants made to Institutlons
Names of Instltution
Suleymaniye Humanitarian Trus
Seven Hills Educational Trust
ose
Donations sent throughout the
Seven Hills Educational Trust
of
rants
26.880
2,000
Total grnnts to instltutions in reporting period
Other unanalysed gtsnts
TOTAL GRANTS PAID
Last year:
13.3 Anal
Sis of
rants
aid
Analysis
Institutions
Included In cost of charltable actlvities
indlvlduals
costs
Total
ecl 1
Total
Hease enter "Nil" If tho chan-ty does not idontlfy and/or allocate