Charity Reglstrdllt)n No. 1170647 ILFA A COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
ILFA A COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTrATIVE INFORMATION Trustees Olufijnke Aj•i Adekoya Howad Barrie Ttmolhy Tawor Dwd ZiyaTh Daniel Mulisya Susan Craugh Silver Kayondo Charity numl 117Cfj47 Company number OY)85440 Reglstere(l office Irst Floor. Sentnel House senb.nel Sfwwe Lon(Jon NW4 2EP Independent examlner Jxky C Lay FCA Jb Ch¥fes & Co Sentinel Ho¢tse. Sentind Squ London NW4 2EP
ILFA A COMPANY LIMITED BY GUARANTEE CONTENTS Page Trustees, ieport Statement of Trustee5' vesp111beS Independent examiner rwrt sM•mènt ot financial xbvrnÈs Balance Sheet Notes lo the a(v)unts 6-13
ILFA A COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025 The trustees presentthr rewiand xcounts lorthe year 8nd8d 30 No¥ernber2025. The aceaunts have been prepared in XCordCe wilh the unItg poti¢ies set ¢yJt in note 1 to the accounts and corrply with ILFA'S Gon5tTttrtron, the Corry¥Mes Act 20[ "A¢Colljn9 and Reportmg ty Charities.. StaterTEnt of Re[ended Pracbce athratAe to chanb.es preparfftg their eounts In accordanix wrth the Fina1 ReKKYb"ng Slandard in the UK Rewt4i¢ of Ireland IFRS I D21. structure? goveman¢e * manag8fflent ILFA is a corr(1Y krnited by &Jarantee and Is reer8d as a Charity. on 27 Septen#)ar 2021 adopted New Arbc5e5 0fA55ouat"on Ihat updated th0 )plEd in Decernbef 2U15when ILFA w8sfirst registered as a Charrty. The truste¢s. who ¥e 0 threctors fprth¢ purposes of Cw9Y18W, served OJring1he yearwere.. ufunke Adekoya How¥rd Bwrie Timothy Ttyor Davtd Ziyambi Daniel Mubsya Susan Craugh Sifver Kayondo The goveman¢e ofthe COmpY isthe rew%tM"rty ofthe Board (the ne[S ofwhith are dsoth8tiustees of Ihe chty). is appointed by ILFA'S member5. The Bo8rd member5 serve a maximum period of a three•yearterm before retiring atthe nextAGM. Exh Bowd member 15 eligibleto standfor re-elect'on. oncg. thereby sering tsvo cOnSts¥e three ye5 ler& a third term to a 8gard Resolution approved by all Ihe other <tirectDr5. Nane tsf Ihé trusteès has any beneficral intsrest the compy. All of Ihe INstee¥ we Mprnbe of the cornpany guarantee to contn'trxfte £1 in the ev8nt of 8 nng . The Soard Is responstb]e forlhe gener4 tr¢4 w•ment of ILF The Board meets regulaly throurAtheye8r. AIJ s1wrt operalj.onat thi¢)ns we made by the Board. Followng appointrnent new Trustees eh Of0M arè fwthe time being qUlfied lawyer5. are introduced to thelr role an¢ given a(xess ti) the MemomthJm & Arbcles of Asso¢iats"¢)n and a gtmde to the poliGies and proce¢Jres adopted by Ihe Corryany. Eh ofthem are mle aware of the Corrpa)Vs stabJ$ asa registered ¢harity and consequty the scope ottheir responsibifibes under the Chafibes Act. ot4ecllyes and acflvltles ILFA'S objectives are forthe public benefit to ftlitate Ihe aoarttment of postyale level leg edueatsen and the sbjty of law ty indNi(knas fromlhe conD"nent ofAfrica. The trustses have due regard to w¥dwKe issued by the Chty Comr1On in deo<hng tiwties Ihe tharity slould undertake. In cornrrK)n with 1laT thties. ILFA is reh"a)t Sjt6pbs pw*upatOry fAJPPOrt of many UK law firrrts.
ILFA A COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {CONTINUED) OR THE YEAR ENDED 30 NOVEIIBER 2025 I11ng Its Ftr4p prrne {FP) urthrwF¢h Afrw rit wm&e Se1edtt0 att a 3 rTh)nth pgraMr a¥J tow(¥kilh fffrrts in Ih& U dInnat RAC Clthth mkoyJ the cltha FP. FUr PlaThJ an¢J r&ated xtsvittes. 8uik&ng PDpdarity ofrts Lew Excelet ILFA s Planng to hold at least cle LEA course in 20& t(KpErs¥thiffi Nthcvwl B8rAS8LMiatKJfÉ. w4th sp$4Y$hiP the RepcKlmg StdaYd rcablg in the UK aThl RePUN of Wand Rst4. A8 at 30 NLvrnth 2Wk5 ILFA W unres1trA 91 of£e3.145 (2024.. £74,11. 11 no shovhy be mnl8trd #i a tetr4n Ihree- 8rrfl 3sx-m(xrtNs expeThlftLWe. The tnstees GOlderthot 19$e6 ai IlY5 level11 th& ift IhÈ •nl ofa $twificarst (kop in furKling. tEry will i aNetO Cffitinu8 ILFA'$ tttrrent is to ways in addrt funds Erw*
ILFA A COMPANY LIMITED BY GUARANTEE STA TEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 30 NOVEhlBER 2025 The trustees, are $0 the direct ol ILFA are fespfthibte for wepajing the Trustees. Rep¢)rt and the ffinaal ststements in cordance 4)tIKe and Unrted A¢XjnDng stsndards (United Kingdom Generally Accepted Attounting P1. The law applicable to chaiibes in Engld aFTd W5 rewreslhelJu&ees to prewe stmÈnts for each financi year whth ve a true $nd f"r oylhe state of affw.rs of ILFA and of the iornIng resou¢$ ana appirADon or resources ror year. In these awounts. Ihe trustaas ¥e r8qJiredo'. sele¢t suitsbl¢ &tounlbng pdicies dthe applhern ttnsistenty" observethe methods lj in Ihe Chall9 SORP.. mako judg¢m¢nts 8nd estimates that e reasth&Ae prudent state whether applicable ¥rA)unting slandads havg been f¢Arywed. subiectto matsri depathres disdosed explwned in lh8 unts and wepwe accOts on the going cowKem ba515 unless it i8 inFJAprow8te to prowjme thatthe charity will cOntine In operab"on_ The trustees are responsible for keÈixng suffiu.ent ccoJnfjng reccits th ¢Os• reason8ble uracy at any thme the fjnanual PD5its"Dn of ILFA en)le 1hem to ewre thatthe a¢caunts comp with Ihe Corbyanies Act 2D06. They are 4$0 respo¢ for 5afewardng the assets of ILFA hence for takn.ng reasonable Steps for the wevenlion 8nd deted50n of fraud and Olher Jrrewliti"es.
ILFA A COMPANY LIMITED BY GUARANTEE STA TEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2025 unr•sIted R8strleted Tolal 2024 2025 IrKom¢ from: Subscriptsons Mernbers, Contrfbutions LEA Events Gf8nts Donab"ons Gala dinner Other ioe 15.CM)O 49.900 15,000 49,9(K) 6,01)0 14.400 28.250 28,959 4,650 10,000 1,418 1.418 Total Income 76.218 76.218 72.259 reo Direct event costs 143.9151 143.9151 126,0411 ChaitablE actiwtre5 {44.1281 144.1281 145.7841 Total re5s)urees expended {88.0431 188,0431 (71,8251 Net incomlng resources {11,) 111,8251 434 uirr rÈcognl8ed galns and losses InleTest received 322 Nel movement in flmlds Taxab"on 111.516) 111,5161 756 111.5161 74,ffi1 111.5161 74.661 756 73.905 Fund 1 DecBrrt)er 2D24 Fund bae 30 NoverrJ 2025 63.145 63,145 74.661 The 5tement Dr finanuai actitieS Iude5 311 gans aKI losses recognised in Ihe year. i In¢om¢ 9Xpen¢Jre dOve from Gmlitiuing The stemen offinancia ath"Mtses 0 cowylie5with the rewirementsfor an irrorr and exptrJre &wunt under The Cofrpanies Act20(.
ILFA IPANY LIMITED BY GUARANTEE BALANCE SFIEET AS A T 30 NOVEMBER 2025 2025 2024 Notes yed assÈts InvÈstment in subsidiary io Current assets Debtors Cash at bank and in hand 13.049 65.474 13.750 65,870 78.523 9,W20 Creditors.. amounts falling wthin one year 12 {15.3781 {4.9501 Net current asse15 63.145 74.660 Tot21 asset5 less CUFTent A"["8$ 3.145 74.661 Income Unre5trictpd fvn Designated funds General unrestricted luntts 63.145 74.661 63.145 74,661 63,145 74 681 The cornpany is entiued to exempb'on from the aJtltE requirement contned in se¢t'¢Jn 477 ofthe Companies Act 2006, for the yeaT e14ded 30 Novernber 2025 The directors acknovAetSge their respons"lilies for ensumg Ihatlhe d)lty keeps ar%nIing record5which eompty wth stion 386 of the Act 8nd frjr PfW"ng finla statements which give a tnje and lair vl of the stats of affars oflhe compary as atthe end ofthe year ol its incoming resources an ppli¢ation of resources, indung its expenthTe. foT the year in xcordon wilh the Foquiiements of sethons 3N and i95 ana wh5cn olherwise compty with the rewife£nts ofthe Conwanies Act 2006 relating to f na81 stement4 so faras aPF4ieae to Ihe company. The member5 Mave not reryured the Gonyany to obtsin an ajtht of its statements fvr the year in question in cordance 1th section 476. These f n¢181 statemonts have prÈpared in 0rdance th the provisiorts pIt(ble to companie5 subjectio the sm41 comparues rellryrne,
ILFA A COMPANY UMrrED BY GUARANTEE BALANCE SHEET AS Af 30 hlOVEMBER 2025 on behalfof the Trusto
ILFA A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025 A¢¢ountlng polldès ctt#ty infornmiion ILFA tA)nsttlute8 a pubk benefit as defined by FRS 1(r2. The counts have been preparEd in ¢¢xdan¢e wth ILFA'S goveming doDJmenL Ihe Charittes Act 2011 and°Accounting and Reping by Chth"es.. Staernent of Recommended Practice applicabEe to chatibes prep9 nts m accordanGe wrth the Financia Reporting Standard applicable in the UK Repuk4ic of Ild IFRS 11r21' leffeLtive 1 January 2019). ILFA is a Publi¢ Benefft Entity as defined by FR8102. ILFA ha5 laken athantage of the KOVN¢Xts in the SORP forthiti"es notto KKepar¢ a Statement f Cash FItrw5. Th¢ cow)ts an prepaTed in Sterlin whKh is the functiLma cenCY of ILFA. Monetary amounts in these financial strrwÈ awè r(wrtded to the fi¢atest£. The 0nts have been prepwed under Ihe histor cosl convtion. The pnP accoun"ng lioes wjopted are set ¢yJt t)el¢y••. Golng eoncem Attre brne of approving tre )unts. the trustees have a reasonable expedation thal ILFA has adequate resources to conllnue in operationa existence for the foreseeable future. Thus the Iwstses nllue to tthe wng concem ba95 of rnnbng in wepwtng the finanaal statem¢nts. Charltable tawK15 Unrestricted fund5 are avawe for use atthe dscrthion of the In&¢es in fvrthe¢e of lhr Charie objecth'ves ur4e5s the fijnts have been dwymatsd ftsr other purposes. Restncted fvnds We 9Jbiectto spwifi¢ ¢oDititions by donors as ID howthey may be used. The ptsrpo%s and u5e5 ofthe fethcted fijnds are set ¢xrt in Ihe notes to the xcounts. Designed funds comwT5e unrestrKted fvnds that have be set aside by Ihe Trustses parkular puTrposes. The wm and IÉ of exh deswed fund isset rArt in 1he notes to the ffinal statements. In¢omlng re50wces Incowe is recognised wherk ILFA lty enb.tkd to it after a)y perfOrmce Gonditions have been mel the amourt& can be ¥Sure rdisbly. ajd tli5 wobde Ihat COrne wll be recwed. C¥h donalions are recognEEd on receipt other d31101 are re¢OlSed once ILFA has been otfied Df07e donation. IAnl¢ss perfo[rn¢ Cond"0n5 requir¢ deferral of the amournt Income tax recoverabl in re18b.on tts donabons rTh8d und8rGrftAl or dte<ls of covenwt is recognised at the tjme of Ihe donaty'on.
ILFA A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025 A¢¢TrI1ng poll¢ies (cont1rndj Tumover rewesents the value ofinvoieed sae& Grarrts donations are reGognksed for xcounting wrtK6es upw receipt. Res¢)urces exrndèd Charrtabla expenditure compn's¢s ai eXPenthre threcty r¢lating to the objectives ofthe adminthbon $1 of operab.ng the Ch¥ty Gov$rn8nee costs indude au(t costs. leg Iwthe tru5tee5 any other costs associated with consbthond stabjtsry rreMe[lts. SuFVOrt c0s- Ihe amounts disdos¢d under e&h ofthe calew.es ¢onyrise those costs which are diTedty attribLrtab+e to Ihatcattgary togelher wilh apporbonment of stpport costs. Support costs are Ihose G¢sts that are not direthy attnbutr&deto a sin9le activty but provide the ne¢essary orgBntsali¢Thal supportfoT dl lkne trities ThesuppDrtcostsh2ve be IttGatÈd to the ch¥$ xbvib"e$ to WCh they relale. Consolldatlon ILFA is a pentcomp8ny 5ubJectto the smal corrp¥des' Yee. ILFA and rts subsiclary comprise a 5rnall group. ILFA is therefore Dot rewtted to and hdI0$art notto prepa group accounts. Cash aT ¢ash ¢431•fits Cash and eryjivaents ind45de oxsh in hand. depoyts hdd * call with bks, other short-term Ii¢wkd investmentswith orignal maknlilies of three rmnlhgor les3. wtd k ovefdrafts. Bank overdrafts are shown wthin borrowin in eurrenl liablfoe Flnancial instruments ILFA h&8 decied to apYthe proMs1S ol Section ?1 'B8C Fina.rKia Instnjments, and.Q¢Ynn 12'0ther Fina1 Instruments I$es. of FRS 102 to ai ofits fin1 h)struments. Financial instruments we recognised in ILFA'S balm sh¥otwhèn ILFA becomes ptyto the contradual provigons ofthe instrurnÈnt Financi31 assets lat4"1rf)"&s we offset wth the net amjnts ptesented in ItEe arla1 statements. )vhM Ihere is a leath enforceable nahtto set uff the re¢o¢mised amounts and there is
n intenton to on a net ba%s orto reaiise the asset and S•llJ8 the Ilty grnultane(my.
ILFA A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 NOVEMBER 2025 Ba51¢ llnandal a55ets Basic fIr¥arlaS 3ssets: whtch Include debtors and cash * bank bdance5. are InarY meawjred attr8nsactiors price indud'ng tion costs subsequentty carried at arnoFlised cost using the effe¢lFve interest method unless the mgement consbtsjtes a finawng translign, where the trgnsattion B measured atthe present vaue Df the fvbjre receipts dis¢ounted at a market rate ofint8rest FinCla assets ded a5 Te1Vv1n ye¥ aiE not amortised. Ba51G 11nanGlal liabililks Ba&cfinaYial lia)i1Je$ inththng uecfitors bk10 8re iniba¢ly ragnEed at price unless the )gernent conslfftrtes affinn9 trawction. where the debt instnjment is measured at the present oflhe fulLÈre payments dEcounted at a mwkgt rats of interest Financial liÈbiEties dfied as pwe wthn on¢ y¢ar are not ar[tised. Debt inslrurnents are subsequently ried at amortised cost, usng Ihe effecbve Interest rate melhod. Trade creditors 8re oUigah"ensto pay for goods or s]ceS that have en wuired In the ordin COUTse Df operalions from svppti8rs Alrnts payable e dassified as current liabileS il paymenl due ¥thtn one year OT less If not they are Prentsd * non<urrent tsax'lities. Trade creditOTS Te iecognised InalY attrtion plt 8nd wb5erweYty rrEagJred ot arnortEed fj05t Using thè effECt'¥e inleFest method. Financi liabiliti"e5 are derecognised Wh ILFA'scoDtra(Ja obligat"on8 eX're or are d¥harg8d or cancelled. Cash Flow Slatsment The charty has taken advantage ofthe exenyth 8vaFthe in psaThh 7.1B of FRS 102 8nd has not prepared ? cash flL)W Statemert Critfjcal accourting esiimates and judge1 In tht applicatyon ol ILFA'S accountrg the trustees are required to make judgements. esbrDes and aSSuw0ns ab¢)ut amourrt ofa55ets and lia"eS that are nDt rfadily eppwent frorn other sour¢¢s. Jhe esb'mates a)¢ asswated assurtpts.ijns are based on histOriG experierKe *)d other fth Ihat we consÈdered to be releva)t Actual results may dnyerfrorn thesé estimates. The estimattrs and Und't¥j are ¥eviewed cn an On4n9 bass. Revision6 to aOUntr.ng èstmates ¥e recowised in the period in whKth the estirnate is ¥evised whe the revi&on affe¢ts onty that peri(Kl, ¢x in the puiod ofthe revEion 8nd fijbjre periotswhere the revisDn arfects t)oth Gutrtntd fiare peri
ILFA A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025 Income Unrestii¢ted Restricted Tolal 2025 Totsl 2024 Subscriptions re¢wvèd Members, contritrrtjtions LEA- events GJa dinner receipts iscellaneous Income 15.000 49.91J) 6.0) 15.O¢X) 49.) 6.OC*) 14,400 28,250 14,95 4,650 10,000 1.418 1.418 76218 72 259 Investment Inrne Unrestrtcted Restrlcted nds Toial 2025 Total 2024 Interest receNatA• 309 322 Dlrect costs 2025 2024 Event costs LEA ClS Gala thnner ¢( 39,889 1,222 2804 19.857 2.724 43 915 26 041
ILFA A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 NOVEAIBER 2025 CharItats aGtlvllle5 2025 2024 WebsA8 dwon and hc4ing °'oEet Mager1eeS TeleFthone Post. pllnting and stab¢Miery Sundry expense5 A¢L6untaJ)cv Legal and profeSsial Bank 1.OTK 39,6C 1.556 287 153 1.250 907 39.600 1.620 325 Y29 ?n£ 45.784 Sh8r¢ of 5UPPQrt costs Share of governance ¢osts {see note n 42,878 1,250 43.684 2.100 44.128 45 784 Any555 by t'- UnresItsd funds. Restri¢ted ftjnds 44.128 Support Costs JDvemance rsIS indude5 prov10sfOT the fe¢s of Ihe ndependent xwmtsnt of£1,25012024. £2.1001. e Dfthe trustses ior any pen&Cd them) reGeive(I remuneration, benefits or reTrmbursementol •xpenses (kn"ngthe wr. Employees Number of employtts The cOrnpy hag no •MrAoyI2o24- NI) 12-
ILFA A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025 10 The COmY owns 10 Ordiny shares cé£O.01 exh in ILFA Learning & Development rnited, representing 100% oflhat COvanIS isvjed share o)ital. The PrirIpa activity of Ihe subsi¢ay CoMpY istre dev¢lopmentfoT res4e of lega professi(thl tsning prograe5 in a digital fornt. During the year endèd 30 November 2024 ILFA Leaning and Develapment LimitÈdw dormant, the company was subsequenyy thssolved on 26 August 2025. 11 Debtors 2025 2024 falSng wEI onè yw: Tr2de debtors Amount due to sub¢. Prepayments 13,049 12,500 1250 13.049 12 Credltoys.. aintyjiits falllng thwAthlD one year 202S 2024 Trade cxethtor5 Sundry etOrS CTU 8.108 3.460 1.500 15.378 13 Contlngentllabililies There were no related ctir¥JeI ."Ir0e$ that reqllte thyjosure, thting Ihe year12024- none). Events after the reportlrKJ da The Trustees remain wgsl•)t mntan re85on)le exp*b"on Ihatthe Charity h8S a(lequate fe50urcesto ¢(b"nue tn operation forthe foreseeIe futyjre from th¢ date ofappmva ol these financid statetnents. 15 Related party transaction5 The Cory)y paid management faes of£Na I24". £Nillto ILFA Le¥ning and Devèlopm6nt rnited. 13-