2025-05-31-accounts

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THE LONDON MERIT ASSOCIATION

Reports and Accounts

For The Period Ended 31 May 2025

Charity Number: 1130154

THE LONDON MERIT ASSOCIATION

Index	Page
Charity Information	3
Trustees’ Annual Report	4
Independent Examiner’s Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Accounts	8-11

Trustees’ Annual Report

Objectives and Activities

To further or benefit the residents of London and the neighbourhood without distinction of sex, sexual orientation, race or political, religious or other opinions by associating together the 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 and leisure time occupation to improve the conditions of life for the residents.

In furtherance of these objects but not otherwise, the trustees shall have the power to establish or secure the establishment of a community centre and to maintain or manage or co operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects.

Achievements and Performance

The charity continues to go from strength to strength, fostering community engagement and advancing education. Our centre remains a vibrant hub for the community, welcoming students from across the borough and from diverse nationalities. In particular, our efforts to support integration into British society have been highly successful, helping students who previously struggled to adapt to secondary school environments.

We have also continued hosting our popular fetes, which bring people together to enjoy great tasting food and strengthen community bonds.

Our centre remains a vital space where people come to learn, connect and support one another. This sense of belonging continues to have a significant positive impact on the mental health and wellbeing of our community.

During the year, we also made significant progress towards securing a long term home for the charity. We are pleased to confirm that a new centre at the North London Chamber Of Commerce Enfield Business Centre was successfully secured in March 2026, marking an important milestone for the organisation and providing greater stability for the future.

Financial Review

The charity remains in a strong and increasingly secure financial position.

During the year, the landlord brought the lease to an end earlier than anticipated. This has resulted in an impairment of £146,787 in relation to leasehold improvements. As a result, although the charity’s bank balance increased significantly from £31,919 to £222,724, the overall net movement in funds for the year was £32,618.

The increase in cash reserves reflects the charity’s proactive approach to strengthening its financial position. We have been actively working to build up funds in preparation for securing a new centre, which has now been achieved in March 2026.

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

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SIGN
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SIGN Signature(s) Full name(s) ~~e~~ Ismail Sik e Musa Karabay Position (eg Secretary, ~~e~~ Trustee e Trustee Chair, etc) Date ~~|~~ 31/03/2026 31.03.2026

Independent Examiner’s Report

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the Period ended 31/05/2025.

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 Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

The charity’s gross income exceeded £250,000 and I 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 connection 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 order to enable a proper understanding of the accounts to be reached.

Relevant professional qualification(s) or body: Signed: Name: Address:		SIGN	SIGN	31/3/2026

		Kubilay Ozpalas

		Association of Chartered Certified Accountants

		Unit 11, Angel Yard
		34 Snells Park
		London, N18 2FD

Statement of Financial Activities for the period 01/05/2024 - 31/05/2025

The London Merit Association Charity No. 1130154

Section A Statement of income and expenditure	financial activities (including summary account)	financial activities (including summary account)	financial activities (including summary account)	financial activities (including summary account)	financial activities (including summary account)
Recommended categories by activity Income Expenditure Income and endowments from: Expenditure on: Donations and legacies Other Charitable activities Impairment Total funds brought forward *Total* *Total* *Net movement in funds* *Reconciliation of* *Total funds carried forward*	Total funds Unrestricted Restricted Endowment Prior year £ £ £ £ £ F01 F02 F03 F04 F05
	616,151 - -	- - -	- - -	616,151 - -	418,321 - -
		- - -	- - -	- - -	- - -
	616,151 - -	- - -	- - -	616,151 - -	418,321 - -

	436,746 - -	- - -	- - -	436,746 - -	530,907 - -
	146,787 - -	- - -	- - -	146,787 - -
	583,533 - -	- - -	- - -	583,533 - -	530,907 - -

	32,618 - -	- - -	- - -	32,618 - -	- 112,586 -

	161,896 - -	- - -	- - -	161,896 - -	274,482 - -
	194,514 - -	- - -	- - -	194,514 - -	161,896 - -

Balance Sheet as at 31/05/2025

The London Merit Association Charity No. 1130154

								Restricted
				Unrestricted				income		Endowment		Total This			Total last
					funds			funds		funds		period			year
					£			£		£		£			£
Fixed assets					F01			F02		F03		F04			F05
Tangible assets		(Note	3)	-	3,600	-	-	- -	-	- -	-	3,600	-	-	168,799	-
		*Total*	*fixed assets*	-	3,600	-	-	- -	-	- -	-	3,600	-	-	168,799	-
Current assets
Debtors		(Note	4)	-	-	-	-	- -	-	- -	-	-	-	-	5,350	-
Cash at bank and in hand				-	222,724	-	-	- -	-	- -	-	222,724	-	-	31,919	-
		*Total current assets*		-	222,724	-	-	- -	-	- -	-	222,724	-	-	37,269	-

Creditors:	amounts falling due within
one year	(Note 5)			-	21,453	-	-	- -	-	- -	-	21,453	-	-	33,553	-

	*Net current assets/(liabilities)*			-	201,271	-	-	- -	-	- -	-	201,271	-	-	3,716	-

*Total assets less current liabilities*				-	204,871	-	-	- -	-	- -	-	204,871	-	-	172,515	-

Creditors:	amounts falling due after one
year	(Note 5)			-	10,357	-	-	- -	-	- -	-	10,357	-	-	10,619	-

*Total net assets or liabilities*				-	194,514	-	-	- -	-	- -	-	194,514	-	-	161,896	-
Funds of	the Charity
Unrestricted funds				-	194,514	-			-	- -	-	194,514	-	-	161,896	-
			*Total funds*	-	194,514	-	-	- -	-	- -	-	194,514	-	-	161,896	-

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Signed by one or two trustees/directors on behalf of all the trustees/directors		Print Name	Date of approval dd/mm/yyyy
	Ismail sik		31/03/2026
	Musa Karabay		31/03/2026

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting and assessment of going concern

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

1.2 Going concern

The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies.

1.4 Changes to accounting estimates

The Trustees have decide to increase the depreciation rate on Leasehold Improvements due to the uncertainty regarding the current premises.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).

Note 2 Accounting policies

2.1 Income

2.1 Income
Recognition of income	These are included in the Statement of Financial Activities (SoFA) when:
	the charity becomes entitled to the resources; ·
	it is more likely than not that the trustees will receive the resources; ·
	the monetary value can be measured with sufficient reliability. ·
Offsetting	There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations	Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Income from interest,	This is included in the accounts when receipt is probable and the amount receivable can be
royalties and dividends	measured reliably.
Income from membership	Membership subscriptions received in the nature of a gift are recognised in Donations and
subscriptions	Legacies.

2.2 Expenditure and Liabilities

Liability recognition	Liabilities are recognised where it is more likely than not that there is a legal or constructive
	obligation committing the charity to pay out resources and the amount of the obligation can be
	measured with reasonable certainty.
Governance and support costs	Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with
	regulation and good practice.
Creditors	The charity has creditors which are measured at settlement amounts less any trade discounts
	The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7
Basic financial instruments	FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102
	SORP.
2.3 Assets
Tangible fixed assets for	These are capitalised if they can be used for more than one year, and cost at least £300
use by charity
	They are valued at cost.

	The depreciation rates and methods used are disclosed in note 14.
	Debtors (including trade debtors and loans receivable) are measured on initial recognition at
Debtors	settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
	they are measured at the cash or other consideration expected to be received.

Note 3 Tangible fixed assets

3.1 Cost or valuation

£ Leasehold Improvements	£ Fixtures, fittings and equipment	Vehicle	Total £
203,372	51,972	6,000	261,344
			-
-	-	-	-
-	-	-	-
-	-	-	-
203,372	51,972	6,000	261,344
mpairments
RB	SL	SL	SL or RB
10%	25%	25%
40,275	51,070	1,200	92,545
-	-	-	-
16,310	902	1,200	18,412
146,787	-	-	146,787
-	-	-	-
203,372	51,972	2,400	257,744

163,097	902	4,800	168,799
-	-	3,600	3,600

Note 4 Debtors and prepayments

4.1 Analysis of debtors

4.1 Analysis of debtors
Other debtors Total	This period £	Last year £
	-	5,350
	-	5,350

Note 5 Creditors and accruals Please complete this note if the charity has any creditors or accruals.

5.1 Analysis of creditors

5.1 Analysis of creditors
Accruals for grants payable Bank loans and overdrafts Total	Amounts falling due within one year		Amounts falling due after more than one year
	This period £	Last year £	This period £	Last year £
	-	13,184	-	-
	8,989	19,561	10,357	10,619
	8,989	32,745	10,357	10,619

TRUSTEES'S RENUMERATION AND EXPENSES

No remuneration directly or indirectly out of the funds of the charity was paid or payable for the period to any trustee or to any person or persons known to be connected with any of them.

Note 11 Paid employees

Please complete this note if the charity has any employees.

11.1 Staff Costs

11.1 Staff Costs
Salaries and wages Social security costs Pension costs (defined cont scheme) Other employee benefits	ribution	This period £	Last year £
		- - 138,346	- - 87,925
		- - -	- - -

		- - -	- - -
*Please give details of the nu* *benefits (excluding employe* *£10,000 from £60,000 upwar* *please enter 'true' in the box* T No employees received emp (excluding employer pensio the reporting period of more Please provide the total amo key management personnel trustees and senior manage services to the charity. For amounts paid to trustees, se 11.2 Average head count in t The parts of the charity in which the employees work	*mber of employees whose total employee* *r pension costs) fell within each band of* *ds. If there are no such transactions,* *provided.* otal staff costs loyee benefits n costs) for than £60,000 This period Last year £ £ unt paid to (includes ment) for their specific e Note 28. he year This period Last year Number Number - - - - - - - - 138,346 87,925 26,500 24,000 0	- - 138,346	- - 87,925
		0

		This period	Last year
		£	£
		- - 26,500	- - 24,000

		This period Number	Last year Number
	Fundraising	- - -	- - -
	Charitable Activities	- - 13	- - 9
	Governance	- - -	- - -
	Other	- - -	- - -
	Total	- - 13	- - 9

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

This

period:

13.1 Analysis of grants paid (included in cost of charitable activities)

		Grants to		Grants to		Support
Analysis		institutions		individuals		costs		Total
						£		£
Activity or
project 1	-	- -	-	- -	-	- -	-		- -
Activity or
project 2	-	- -	-	- -	-	- -	-		- -
*Total*	-	- -	-	- -	-	- -	-		- -

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

		Total amount	Total amount
			of grants
Names of institution	Purpose		paid £


		-	- -
*Total grants to institutions in reporting period*		-	- -
*Other unanalysed grants*		-	- -
*TOTAL GRANTS PAID*		-	- -

Last year:

13.3 Analysis of grants paid (included in cost of charitable activities)

		Grants to			Grants to		Support	Support
Analysis		institutions			individuals		costs			Total
							£			£
Activity or
project 1	-	28,880	-	-	- -			Nil	-	28,880	-
*Total*	-	28,880	-	-	- -	-	- -		-	28,880	-

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.4 Grants made to institutions

		Total amount	Total amount	Total amount	Total amount
			of grants
Names of institution	Purpose		paid £
Suleymaniye Humanitarian Trust	Donations sent throughout the	-	26,880	-
	year to support various
	campaigns. Suleymaniye Aid's
	mission is to combat global
	poverty and create lasting
	change.
	https://suleymaniyeaid.com/
Seven Hills Educational Trust	Seven Hills Educational Trust	-	2,000	-
	(SHET) is an educational charity
	which was established by a
	group of people with a love for
	education
	https://sevenhillstrust.org/
		-	-	-
*Total grants to institutions in reporting period*		-	28,880	-
*Other unanalysed grants*		-	-	-
*TOTAL GRANTS PAID*		-	28,880		-

THE LONDON MERIT ASSOCIATION

Reports and Accounts

THE LONDON MERIT ASSOCIATION

Company Information

Trustees’ Annual Report

Objectives and Activities

Achievements and Performance

Financial Review

Signed on behalf of the charity’s trustees

Independent Examiner’s Report

Responsibilities and basis of report

Independent examiner's statement

Statement of Financial Activities for the period 01/05/2024 - 31/05/2025

Balance Sheet as at 31/05/2025

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting and assessment of going concern

1.2 Going concern

1.3 Change of accounting policy

1.4 Changes to accounting estimates

1.5 Material prior year errors

Note 2 Accounting policies

2.1 Income

2.2 Expenditure and Liabilities

Note 3 Tangible fixed assets

3.1 Cost or valuation

Note 4 Debtors and prepayments

4.1 Analysis of debtors

5.1 Analysis of creditors

TRUSTEES'S RENUMERATION AND EXPENSES

Note 11 Paid employees

11.1 Staff Costs

Note 13 Grantmaking

This

period:

13.1 Analysis of grants paid (included in cost of charitable activities)

13.2 Grants made to institutions

Last year:

13.3 Analysis of grants paid (included in cost of charitable activities)

13.4 Grants made to institutions