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2025-03-31-accounts

Company Number: 01710669 Charity Number: 287819

Trustee Report and Financial Statements For the year ending 31 March 2025

Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025

CONTENTS

Page

Message From the Chair ........................................................................................................................................3 Trustees’ Report .....................................................................................................................................................4 Objectives & Activities ............................................................................................................................................5 Achievements And Performance ...................................................................................................................... 5-14 Financial Review ...................................................................................................................................................14 Reserves Policy .................................................................................................................................................... 14 Structure, Governance and Management ............................................................................................................15 Reference And Administrative Details ........................................................................................................... 16-17 Independent Examiner's Report .......................................................................................................................... 18 Statement Of Financial Activities ........................................................................................................................ 19 Balance Sheet ...................................................................................................................................................... 20 Statement Of Cash Flows .................................................................................................................................... 21 Notes To the Financial Statements................................................................................................................. 22-30

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Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025

MESSAGE FROM THE CHAIR

Chair’s report 1st April 2024 –31st March 2025

At Nafsiyat we continue to look strategically at regional, national and international issues and the impact that they may have on the continuing work of Nafsiyat. These issues remain as relevant as they did when Nafsiyat was founded as we continue to witness local, regional, national and international issues that impact on the lives of people, particularly from black and ethnic groups who continue to experience racism and inequalities.

Crises often occur at the same time in the lives of individuals, families and communities and can be referred to as polycrises where several crises will impact on lives immediately and in the longer term. These crises may relate to war and conflict, the effect of climate change, the cost-of-living crisis which force people to move across borders, countries and towns. We also see a rise in unemployment and homelessness.

In the U.K. we also continue to see racism and inequalities in society and in institutions including mental health, health, housing and maternity services. Since the pandemic the conversation re inequalities and racism has become louder as the pandemic exposed both issues. The crises that Nafsiyat witnesses is impacting on the mental health and wellbeing of individuals, families and communities yet accessing appropriate and equitable services remains a challenge. Life expectancy is stalling, and wide health inequalities remain which impact on those seeking the services at Nafsiyat. Research and reports have identified that the quality of mental health services and patient experience has declined. The threshold of some services is also a barrier for people when seeking a service to address their mental health issues such as talking therapies where their issues are deemed too complex, but they do not meet the threshold for specialist mental health support. There are people who have been discharged from secondary care but still require a range of ongoing support

Racism continues to be seen in the workforce and in service delivery which places people’s lives at risk. Structural racism affects the health and wellbeing of people from black and ethnic groups who often have experienced, and continue to experience, the impact of health inequalities. The evidence is stark and is seen in poverty, housing, unemployment, pay and career progression and across life courses.

Nafsiyat Intercultural Therapy Centre continues to play key roles in advocacy, both for individuals, regions and communities, by highlighting the experiences of people from black and ethnic communities and to highlight gaps and where change is needed to address issues such as racism and inequalities Nafsiyat also delivers training which supports change, in both behaviours, and in developing leaders. The work that Nafsiyat delivers is vital in seeing change for both individuals, families, communities and across organisations and change is required to tackle racism and inequalities and ensure services are equitable, appropriate and accessible. Nafsiyat Intercultural Therapy Centre remains relevant in the services it delivers and in developing a centre of excellence.

J.E. Cook (Chair)

9th August 2025 Jane Cook, Chair of the Board of Trustees

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Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025

TRUSTEES’ REPORT

The Trustees who are also directors of the charity for the purposes of the Companies Act, present their report and the financial statements for the year ended 31 March 2025 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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) (second edition - October 2019) - (Charity SORP (FRS 102) Revised).

OBJECTIVES & ACTIVITIES

During April 2024 to March 2025, Nafsiyat’s Vision, Mission, Core Values and objectives remained the same as previous years. We are seeking to update these during an away Day in Autumn 2025.

Vision

All mental health services should be professionally delivered and sensitive to the needs of diverse cultural and ethnic populations, with every therapist culturally competent.

Mission

Nafsiyat provides an Intercultural Psychoanalytic Psychotherapy and counselling service, develops and advances knowledge in this area, and champions good practice.

Public benefit

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing their aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives of the charity.

Core values

In all its actions, Nafsiyat will:

Strategic objectives

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Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025

• Continue as an independent, well managed, financially and environmentally sustainable, Nafsiyat

Objectives for the year

ACHIEVEMENTS AND PERFORMANCE

Clinical Work

Introduction

Our intercultural therapy clinical work continues to grow in both depth and breadth. Intercultural therapy holds/explores the tensions between the inner and outer realities of the clinical work. At Nafsiyat, intercultural therapy means recognising that culture, race and history are central to people’s lives and relationships, not secondary to them.

From the beginning, our founder, Jafar Kareem and his colleagues, shaped a distinctive approach: one that combines psychoanalytic understanding with attention to migration, racism, gender, class, language and faith. This approach starts from the insight that both client and therapist bring conscious and unconscious assumptions about difference and belonging into the room. Therapy — and supervision — become spaces where experiences of displacement, inequality and racialisation can be spoken about, felt, and thought about in the relationship itself. Nafsiyat’s way of working has, from the outset, been shaped by an embedded and collective spirit. It is carried by therapists and supervisors from a wide range of cultural and linguistic backgrounds, making possible a way of listening across difference, including in the languages that hold a person’s emotional world. Intercultural therapy at Nafsiyat is not a fixed set of techniques. It is a living practice that continues to evolve with the communities with whom we work.

As a service we have, over the decades of our existence, felt the reverberations of external world events, through our global majority clients, and flexibly responded to them. This year, through our clients, we are noticing the real and lived experiential impact of the race riots which took place during August 2024, the wars in Sudan, Ukraine and the Middle East, and a continued general hostility towards migrants and refugees reported in the media.

Our individual therapy provision is mainly funded through NHS Talking Therapies contracts in Islington, Haringey, Camden and Enfield Boroughs. Nafsiyat also provides individual intercultural 1:1 therapy through an innovative outreach project funded by the National Lottery Communities Fund.

At the very end of March 2024 and for the April 2024/25 year, we were also successful in achieving funding from City Bridge Foundation, Compass wellbeing and the Department for Health & Social Care for group work.

During the final quarter of 2024/25 we were successful in achieving a continuation of our Arabic, Amharic and Tigrinya speaking women’s group with funding for a further three years from The Mercers Company. This funding also included an expansion of provision by enabling Nafsiyat to follow this model and set up a Turkish Speaking Women’s group from September 2025. The above areas of work will now be expanded on below:

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Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025 Talking Therapies contracts

During 2024/25, Nafsiyat successfully delivered on all its statutory NHS Talking Therapies contracts in the four boroughs of Islington, Camden, Haringey, and Enfield.

Demand for our NHS funded services has remained consistently high. Nafsiyat entered the 2024/25 year with the privilege of continuing our short-term therapy offer, commissioned by the NHS. A total of 268 clients across Camden, Islington, Haringey, and Enfield accessed our short-term counselling service through approximately 4000 sessions of therapy. Referrals are categorised according to the GP, or depending on contract stipulations, the client’s home address. We continue to provide counselling in over 20 languages, with the top five requested languages across these contracts being:

Nafsiyat continuously receives referrals from individuals and professionals.

Most of our clients identified as female (78%), with over 21% identifying as male. This reflects the typical

demographic makeup of our clients and has informed our recent group initiatives specifically targeting men. At Nafsiyat, our NHS-commissioned counselling offer is available for individuals, couples, and families. Out of 268 clients:

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Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025

Talking Therapies Outcome Measurements

Nafsiyat achieved an average reliable improvement rate across our Talking Therapies contracts of 58%, measured using the PHQ9 and GAD7 questionnaires, which assess levels of depression and anxiety in clients. This figure mirrors the achievements of the 2023/24 year and demonstrates our ongoing commitment to providing short but focused therapy to the community.

Client Feedback

Nafsiyat continues to receive positive feedback from our clients about our services. Many clients highlight the value of connecting with someone who shares their cultural background and language, allowing them to communicate naturally without needing to explain everyday cultural nuances. Comments from clients include:

Please note, certain details have been anonymised to avoid service users from identifying their own stories.

National Lottery Intercultural Therapy and Outreach Project

This project is funded by the National Lottery Reaching Communities Fund and has been set up with Islington Bangladeshi Association, Hopscotch Women’s Centre, Elizabeth House and the Kurdish Advice Centre. The period April 2024/25 saw this project in its year two of three and we reached our target of 60 clients, each receiving 12 – 24 sessions of therapy. The ethos of the project stems from combining Nafsiyat’s expertise and the community connections linked to these voluntary community-based organisations, so that we can access groups that would otherwise be isolated from mental health support due to various reasons, including stigma, distrust of institutions, lack of psychological awareness, lack of culturally accessible and culturally appropriate services. Many clients from these communities are reserved or reluctant to speak about or share their issues, particularly in relation to mental health. Our two outreach workers find innovative ways of working with people, through voluntary sector partners, to encourage them to feel safe, share lived experience, develop trust and take advantage of intercultural therapy Page 7

Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025 through Nafsiyat.

Mersey Care NHS Trust

Our 2023/2024 contract to provide 1-1 intercultural therapy support, intercultural awareness training workshops, and consultancy support to Mersey care NHS Trust carried on into 2024/2025, in their campaign to become an antiracist organisation.

Nafsiyat continue to provide black, Asian and minority ethnic staff of Mersey Care NHS Trust with a bespoke culturally diverse wellbeing and rehabilitation programme. This included facilitating reflective sessions and offering our intercultural therapy service to individual staff members. The Integrated Care Board (ICB) approved funds, and we are working with Mersey Care to continue our programme, building on the success of the previous years. In this year we saw 6 Mersey care clients providing up to 12 sessions of therapy to each of them.

University College London

Nafsiyat’s continued its agreement with the University College London (UCL) student counselling service, whereby they can refer clients to us that they feel would benefit from culturally appropriate and accessible therapy. By working collaboratively with their Student Support and Wellbeing Centre, students can be referred to our service for culturally appropriate counselling during the academic year. In the year 2024/25, four students actively engaged in counselling sessions.

Arabic, Amharic and Tigrinya speaking women’s group

Nafsiyat has been running this weekly psycho-social group for over 10 years. For the past three year, this group has been funded by The Mercers Company. The group enables around 30-50 women from Arabic, Amharic and Tigrinya speaking communities to gather in safe, shared space every other week to participate in professionally led group therapy sessions and 1:1 therapy. This sensitive and innovative intercultural therapy supports women who have experienced often unimaginable and sometimes ongoing hardship and trauma, including domestic violence. The women share the experience of living in a country that is foreign to them, separated from family, and experiencing a range of challenges including poverty, isolation, and language barriers.

The group, brings these women together to discuss their experiences with others who can understand and empathise, receive professional support and guidance, develop coping strategies, and create friendships that help them to feel less isolated. Sessions focus on managing psychological challenges, as well as practical support in areas such as English language learning, computer literacy, physical and mental health awareness, creative activities and general chat and socialising.

We are delighted that at the end of 2024/25, The Mercers Company awarded Nafsiyat further and additional funds to continue the work with Arabic, Amharic and Tigrinya speaking women and to form a new group for Turkish Speaking women.

Group therapy

During the final quarter of 2024, Nafsiyat was successful in achieving funding for group therapy work which was implemented during the 2024/2025 year to which this report relates. This funding enabled growth in our portfolio of group therapy work. We are grateful to the following funders for enabling us to progress Group Therapy Work for our clients:

Family intervention, Couple work

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Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025 We continue to provide therapy for couples and families. In the past, this has mainly come through either direct referral or through local authorities that recognise and appreciate the need for their residents to receive intercultural therapy and be able to address their wider needs.

Likewise with Couples work, we receive either direct referrals from couples themselves or through other voluntary sector partners.

We will continue to promote family and couple therapy as a viable option for Nafsiyat clients and collaborate with partner organisations to maximise the visibility of this important offer.

Training – Intercultural Awareness

We continue to develop and promote our now comprehensive Training offer which reflects our Intercultural Awareness workshops and training. During 2024/25, we have continued to increase our clients and training numbers and worked with the following organisations:

Support and Supervision

Supervision is a crucial ethical clinical activity within Nafsiyat as it supports, guides, holds, contains, teaches, and safeguards the therapeutic process. Nafsiyat is recognised for its quality high level professional supervision of its own clinicians and trainees. An increase from 16 reported previously, Nafsiyat now provides supervision for up to 20 trainees.

Qualified staff are supported within group and peer supervision spaces. The systemic/group work is supervised by our Clinical Director. Nafsiyat supports colleagues with their supervision training through placement offers and supervision.

Over the past year, more of our qualified therapists who did their placements at Nafsiyat have attained accreditation with BACP and UKCP and were supported through their accreditation process by Nafsiyat.

We have extended intercultural supervision to partners, stakeholders, and external organisations. Intercultural supervision is gaining shape and definition as an important clinical ethical activity that facilitates and supports intercultural therapy.

Choice

Our paid for therapy service, Choice, has developed further this year. We have spent a lot of time as a team honing the service and seeking to ensure it is as streamlined as possible, that it makes sense to us, is meaningful to the client, adds value but does not take us away from our core objectives. To these ends we now have a clear pricing structure for both clients and independent therapists undertaking the offer and an effective system of self-

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Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025 referral, assessment, supervision and administration.

Professional Members

Nafsiyat is accredited as a membership listing organisation within the Council for Psychoanalysis and Jungian Analysis (CPJA), College of the UK Council for Psychotherapy (UKCP). Our professional members include those who completed a Master's-level training in intercultural psychoanalytic therapy developed and delivered by Nafsiyat staff and psychotherapists through University College London. Nafsiyat continues to accredit these members annually, with a re-accreditation process every five years. Quarterly online meetings provide an alumni and reflective space for discussing intercultural clinical developments and, where possible, supporting Nafsiyat’s strategic aims.

In the Autumn of 2024, the UKCP carried out its quinquennial review of Nafsiyat. The visiting team recognised the dedication and passion of staff and trustees and affirmed the integrity and distinctiveness of our former Master'slevel training. They encouraged us to consider new ways of engaging professional members and to explore the expansion of training in intercultural psychoanalytic therapy, supervision, and CPD. In time, such developments could lead towards a UKCP-accredited clinical training, opening membership to already-qualified UKCP therapists wishing to deepen their work in this field. These reflections are consistent with Nafsiyat’s commitment to sustaining and transmitting its distinctive legacy, and we look forward to continuing dialogue with UKCP on these opportunities.

Communications and Engagement

This year has seen a significant increase in our communications reach and engagement as we strengthened our presence across digital platforms and continued to showcase our work through events and partnerships.

Social Media

We made a conscious effort to build a stronger online presence, with the goal of producing at least one engaging post per week. By monitoring trends and refining the timing of our posts, we have successfully increased visibility and engagement, through a ‘less is more’ approach, we have concentrated our social media to Linkedin as a professional platform to get our message across.

LinkedIn 2024/25

Impressions: 9,969 (↑111.3%) Reactions: 327 (↑16.4%) Comments: 37 (↑84.2%) Reposts: (↑21.3%) Followers: 1,554 (↑81.4%) Clicks: 278 (↑4.7%) Engagement Rate: 26.9% (up from 11.7%)

These results highlight not only the growing interest in our work but also the effectiveness of our more strategic approach to digital communications.

Website

Our website continues to be a key platform for information, resources, and client access. Over the past year, it received a total of 9,409 visits, representing a 29% year-on-year increase.

Newsletter

Our regular newsletter continues to expand its readership. As of this year, we reached 573 subscribers, reflecting a 72.6% growth in sign-ups compared with the previous year.

Events & Engagement Highlights

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Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025 In addition to digital communications, we strengthened our profile through events and engagement with key partners and supporters:

Staffing

To meet some demand in 2021/2022 Nafsiyat recruited clinical staff, workshop leaders and additional administrative support. Nafsiyat also added several employee benefits including, a personal development budget, subsidised counselling, free eye tests, a cycle-to-work scheme, and increased pension contributions during this period too. However, as reported in 2022/2023, later in the year, when less work than we had anticipated eventuated, there was a need to temporarily reduce staff hours. The staff hours were later replaced.

In 2024 – 2025, staff costs continue to be a challenge for Nafsiyat, and, whilst the additional funding for group therapy is welcomed, there is a policy underway of not replacing salaried staff that leave, reducing or eliminating our use of independent contractor clinicians and cutting unwanted subscriptions and services. For staff that do leave, we will review these roles and seek to assimilate these functions into current staffing arrangements and structures where possible, with an eye on overall staffing costs and towards a positively balanced budget.

During 2024/25 we have enabled some of our current operational staff into management positions, most of these roles are held by women and internally recruited, with the encouragement that they should grow their areas of work into self-developing and sustaining departments in line with the strategic plan. These include:

We recognise that, if we are to be a champion of diversity and addressing inequalities, then these measures are important. Similar measures around succession have and will also take place within the clinical team. During 2024/25, we have increased hours from within the team and increased supervisor hours where necessary. Page 11

Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025

We are also increasing our number of trainees to 20 and enabling more trainees to become Assessors and Honorary clinical staff members.

Practical support

Between April 2024 and March 2025, the Community Links & Social Justice Team (CLSJ) supported a total of 104 clients. The outcomes issues that were addressed were as follows:

Many of our clients are experiencing significant challenges related to welfare benefits (40.6%) and housing (24.2%), reflecting the ongoing pressures of the cost-of-living crisis, rising rents, and welfare system complexities. The presence of immigration (13.3%), employment (8.6%), and domestic violence (6.3%) cases highlights the multiple and intersecting barriers many clients face in securing stability and safety. Overall, the data demonstrates that our clients continue to navigate a combination of financial hardship, housing insecurity, and legal vulnerabilities, underscoring the importance of accessible, holistic, and timely support.

Service Improvements: This year has been marked by significant steps to strengthen the efficiency, accessibility, and quality of our service delivery. Key developments include:

Streamlined Referral Process

We introduced a more structured referral system, with referrals now being clinician-led and submitted via a newly designed referral form. Each referral is assessed by a dedicated Caseworker, ensuring suitability and identifying the most appropriate interventions from the outset.

As a result:

Enhanced Data Systems

We have improved our data collection and reporting systems, enabling us to generate more accurate, timely, and meaningful data. This has strengthened service planning and evaluation, supporting our commitment to being both client-centred and evidence-driven.

Client Feedback

We expanded our use of client feedback forms to better understand the client experience and inform service improvements. This feedback has been invaluable in shaping ongoing developments and ensuring that client voices are at the heart of our work.

Partnership Working

Our collaborations with partner organisations continue to add value for clients:

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Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025 pathways for skill development, confidence-building, and progression into work or further education.

Case Studies

Case Study 1

Sophie was living with her husband, who subjected her to coercive control and verbal abuse. The toxic environment deeply affected both her and her two daughters, aged 7 and 14.

Her therapist at Nafsiyat referred her to our Community Links & Social Justice (CLSJ) team. Overwhelmed and unsure of her rights, Sophie received emotional support and practical guidance from the CLSJ team.

We listened, offered support, and connected her with a trusted women’s aid charity to ensure she wasn’t alone in this process. Together, we worked to remove the perpetrator from the home. Thanks to Nafsiyat’s Family Law Legal Clinic, in partnership with Duncan Lewis Solicitors, Sophie was supported in securing an Occupational Order, a legal measure that required the perpetrator to leave the property. With the order granted, Sophie and her daughters were able to remain safely in their home.

Now safe at home with her daughters, Sophie described the change as “life-changing.” With ongoing therapy at Nafsiyat and practical support from CLSJ, she is regaining confidence and building a new life for herself and her children.

This case shows the power of intercultural, trauma-informed support in responding to domestic abuse. Nafsiyat provided both therapeutic and practical help, offering Sophie and her daughters safety, stability, and the tools to heal. This comprehensive approach is what sets Nafsiyat apart. It's not just about addressing the immediate crisis, but also about empowering survivors to rebuild their lives.

Case Study 2

A mother from the Middle East sought refuge in the UK after facing persecution in her home country due to her ethnicity. Separated from her children, she arrived alone and began the long process of rebuilding her life in safety.

When she came to CLSJ, our team provided both practical and emotional support. We connected her with an experienced immigration lawyer and guided her through the family reunion process, which can be lengthy, complex, and emotionally draining.

After four long years of waiting, her perseverance and resilience have finally been rewarded. By linking her with legal services and providing practical support, her application has been successful, and her children are due to arrive in the UK next month.

This case not only highlights the importance of specialist legal support and advocacy but also demonstrates the life-changing impact that timely, compassionate intervention can have for families who have been torn apart by conflict and persecution.

Case Study 3

An elderly woman living alone and struggling with multiple long-term health conditions approached CLSJ in a state of severe financial hardship. She was unaware of her full entitlements and had been surviving without adequate income or support.

Our team carried out a welfare benefits assessment and helped her apply for Universal Credit and Attendance Allowance, ensuring she could access the financial assistance she was entitled to. We also supported her in obtaining a Freedom Bus Pass, which has enabled her to travel independently and reconnect with her community.

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Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025

The impact has been profound. With her increased income, she can now afford basic necessities, while also enjoying the freedom to leave her home more regularly. She told us she feels happier, more secure, and less isolated as a result of the support.

This case demonstrates how specialist advice and advocacy can make a tangible difference in alleviating poverty, reducing isolation, and improving quality of life for vulnerable clients.

FINANCIAL REVIEW

Nafsiyat's income increased to £718,775 from £638,281 and the expenditure for the year stood at £739,245 resulting in a deficit of £20,470. This of course impacted on the reserves balance that Nafsiyat is attempting to build and maintain.

As with other charitable organisations, Nafsiyat experiences considerable competition in securing funding. While present circumstances are demanding, the organisation maintains a positive outlook for the future.

RESERVES POLICY

Nafsiyat’s reserve policy is to have free reserves to ensure that all costs are covered for a minimum of three months. The target range remains the same from £167k to £278k to cover three to five months’ worth of costs. This would allow Nafsiyat to continue its crucial therapeutic work if a crisis was to occur.

Nafsiyat continues to try and build and maintain the free reserves so that there is an appropriate level of funds to cover the above situation and any of the following were to happen:

  1. Temporary loss in income.

  2. Unforeseen costs that were unexpected and not covered by existing funds.

  3. To provide a buffer to cover other risks/contingencies and allow time for Nafsiyat to adjust to these unexpected cases.

  4. In the highly unlikely event that Nafsiyat becomes insolvent, it will be able to safely meet its existing contractual agreements with organisations and individuals, including staff.

General reserves also allow us to implement new strategic priorities, invest in technology and retain members of the strong team to achieve the strategic aims of the charity. Any funds received that can only be lawfully used for a specific charitable purpose will be held as restricted funds.

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Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governance

Nafsiyat is registered as a company limited by guarantee (without share capital) and as a charity. Its governing instrument is its Memorandum and Articles of Association, last revised on 27[th] September 2017 (and is currently being updated). All Trustees are also Directors of the Charitable Company for the purposes of the Companies Act.

Trustees' appointment recruitment and induction

All Trustees are unremunerated and are voluntary. Trustees are appointed by resolution of the Trustees. At each Annual General Meeting one-third of the Trustees are subject to retirement by rotation but may offer themselves for re-election. Trustees may serve a maximum of three consecutive terms of three years. The Trustees may at any time co-opt any person duly qualified to be a Trustee.

Trustee vacancies are advertised online through appropriate recruitment sites following the identification of gaps in the trustee board in terms of skills, knowledge, etc. Short-listed applicants are interviewed by the Chair, the Chief Executive, and another Trustee where possible. All existing Trustees are consulted on the final selection before appointment and references are checked. There is a defined procedure for the induction of Trustees, which includes the provision of an information pack upon each appointment. This includes an introduction to fellow Trustees and senior staff through biographies and an organisation chart; Memorandum and Articles of Association; the history of the organisation, its objectives and policies; the latest audited Trustees Report and Financial Statements; information on the role and responsibilities of a Trustee. All Trustees are offered the opportunity to complete a 'duties of a Trustee' training course. Trustees must follow the Nafsiyat Code of Conduct for Trustees.

Organisation structure and decision making

Trustees meet for Quarterly meetings. They also gather for away-days when required. The Chair has monthly meetings with the Chief Executive. These meetings are reported back to the Trustees. The Clinical Subcommittee meets quarterly. These meetings are reported back to the Trustees.

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Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 01710669 Charity No. 287819

Registered office

Unit 4 Lysander Mews Lysander Grove London N19 3QP

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year an since year end:

J. Cook (Chair)

Y. Wright

G. Patel

J. Calabrese

H. Jawaid

R. Lawrence

J. Bacigalupo

H. Kamar

Y. Ahmed

M. Butterworth (resigned 4[th] April 2024)

M. Shaffi-Ajibola (appointed 4[th] June 2025)

Company Secretary

Independent Examiner

Chanter, Browne & Curry 1 Plato Place 72-74 St Dionis Road London SW6 4TU

Bankers

Nat West Bank Plc 490 Holloway Road London N7 6HN

Solicitors

Russell Cooke LLP 2 Putney Hill London SW15 6AB

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Nafsiyat Trustees’ Report and Financial Statements for year ended 31 March 2025

Trustees' responsibilities

Company and charity law require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company exemptions

This report has been prepared and delivered in accordance with the provisions in Part 15 of Companies Act 2006 applicable to companies subject to the small companies' regime.

This report was approved by the board and signed on their behalf.

Y. Ahmed, Company Secretary

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Nafsiyat Independent Examiners Report

Independent Examiner's Report to the trustees of Nafsiyat

I report to the charity trustees on my examination of the financial statements of Nafsiyat 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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity 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 financial statements 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

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

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 financial statements to be reached.

P.G. Browne FCA CTA Chanter, Browne & Curry Chartered Accountants

1 Plato Place 71-74 St. Dionis Road London SW6 4TU 30th November 2025

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Nafsiyat Statement of Financial Activities

for the year ended 31 March 2025

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Investments
6
Other
7
Total
Expenditure on:
Raising funds
8
Charitable activities
9
Other
10
Total
Net gains on investments
Net expenditure
Transfers between funds
Net expenditure before
other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2025
£
2,293
250,915
750
65,717		 Restricted
funds
2025
£
-
399,100
-
-		 Total funds
2025
£
2,293
650,015
750
65,717		 Total funds
2024
£
2,203
581,769
1,715
52,594
319,675
8,603
317,514
168		 399,100
-
412,960
-		 718,775
8,603
730,474
168		 638,281
11,307
715,492
168
326,285
-		 412,960
-		 739,245
-		 726,967
-
(6,610)
(14,971)		 (13,860)
14,971		 (20,470)
-		 (88,686)
-
(21,581) 1,111 (20,470) (88,686)
(21,581)
75,605		 1,111
29,202		 (20,470)
104,807		 (88,686)
193,493
54,024 30,313 84,337 104,807

Page 19

Nafsiyat Balance Sheet

at 31 March 2025

Company No.
01710669
Notes
2025
£
Fixed assets
Tangible assets
13
168
168
Current assets
Debtors
14
76,540
Cash at bank and in hand
92,782
169,322
Creditors:Amount falling due within one year
15
(80,910)
Net current assets
88,412
Total assets less current liabilities
88,580
Creditors:Amounts falling due after more than one year
16
(4,243)
Net assets excluding pension asset or liability
84,337
Total net assets
84,337
The funds of the charity
Restricted funds
Restricted income funds
17
30,313
Unrestricted funds
17
30,313
General funds
54,024
54,024
Reserves
17
Total funds
84,337		 2024
£
336
336
105,064
109,651
214,715
(102,768)
111,947
112,283
(7,476)
104,807
104,807
29,202
29,202
75,605
75,605
104,807

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2025 the company was entitled to exemption under section 477 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 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 March 2025

And signed on its behalf by:

John Bacigalupo Trustee 30th November 2025

Page 20

Nafsiyat Statement of Cash flows

for the year ended 31 March 2025

Cash flows from operating activities
Net expenditure per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Decrease/(Increase) in trade and other receivables
(Decrease)/Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2025
£
(20,470)
168
(750)
28,524
(25,091)
(17,619)
750
750
-
(16,869)
109,651
92,782
92,782
92,782		 2024
£
(88,686)
168
(1,715)
(11,682)
15,551
(86,364)
1,715
1,715
-
(84,649)
194,300
109,651
109,651
109,651

Page 21

Nafsiyat Notes to the Accounts

for the year ended 31 March 2025

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.

Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 22

Nafsiyat Notes to the Accounts

Expenditure

Recognition of expenditure

Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

These comprise the costs associated with attracting voluntary income, fundraising Expenditure on trading costs and investment management costs. raising funds These comprise the costs incurred by the Charity in the delivery of its activities and Expenditure on services in the furtherance of its objects, including the making of grants and charitable activities governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 23

Nafsiyat

Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 24

Notes to the Accounts

Nafsiyat

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
Donations
Membership fees		 Unrestricted
funds
2024
£
2,203
310,645
1,715
52,594
367,157
11,307
468,159
168
479,634
(112,477)
(589)
(113,066)
(113,066)
188,671
75,605
Unrestricted
£
1,613
680
2,293		 Restricted
funds
2024
£
-
271,124
-
-
271,124
-
247,333
-
247,333
23,791
589
24,380
24,380
4,822
29,202
Total
2025
£
1,613
680
2,293		 Total funds
2024
£
2,203
581,769
1,715
52,594
638,281
11,307
715,492
168
726,967
(88,686)
-
(88,686)
(88,686)
193,493
104,807
Total
2024
£
843
1,360
2,203

Page 25

Nafsiyat

Notes to the Accounts

5 Income from charitable activities

Contract Income
Nafsiyat Choice
Bespoke Contract Income
6
Income from investments
Bank interest receivable
7
Other income
Training Income
Supervision Fees
Room Hire
Misc Income
8
Expenditure on raising funds
Costs of generating
voluntary income
Fundraising		 Unrestricted
£
217,478
3,977
29,460
250,915		 Restricted
£
399,100
-
-
399,100
Unrestricted
£
750
750
Unrestricted
£
47,128
4,280
3,892
10,417
65,717
Unrestricted
£
8,603
8,603		 Total
2025
£
616,578
3,977
29,460
650,015
Total
2025
£
750
750
Total
2025
£
47,128
4,280
3,892
10,417
65,717
Total
2025
£
8,603
8,603		 Total
2024
£
497,993
-
83,776
581,769
Total
2024
£
1,715
1,715
Total
2024
£
46,073
2,340
3,290
891
52,594
Total
2024
£
11,307
11,307

Page 26

Nafsiyat

Notes to the Accounts

9 Expenditure on charitable activities

Expenditure on charitable
activities
Salaries and other costs
Office costs
Professional and Legal fees
Subscriptions
Grants made
Governance costs
Trustee expenses
Trustee refreshments
IE fees and other costs
Legal and Professional fees
10Other expenditure
Depreciation		 Unrestricted
£
192,071
95,233
25,747
2,574
-
56
-
1,820
13
317,514		 Restricted
£
211,900
-
9,985
-
190,575
-
-
500
-
412,960
Unrestricted
£
168
168		 Total
2025
£
403,971
95,233
35,732
2,574
190,575
56
-
2,320
13
730,474
Total
2025
£
168
168		 Total
2024
£
393,821
111,272
30,916
2,071
156,147
18,330
239
1,815
881
715,492
Total
2024
£
168
168

11 Trustee remuneration and expenses

One or more of the trustees has been paid remuneration in the current or prior periods.

2025 2024
Number Number
Number of trustees paid expenses - 2

The nature of the reimbursed expenses Consultancy payments in lieu of work in between Chief Executives.

12 Staff costs

No employee received emoluments in excess of £60,000.

The average monthly number of full time equivalent employees during the year was as follows:

2025
Number
22
22		 2024
Number
22
22

Page 27

Nafsiyat Notes to the Accounts

13 Tangible fixed assets

Cost or revaluation
At 1 April 2024
At 31 March 2025
Depreciation and
impairment
At 1 April 2024
Depreciation charge for the
year
At 31 March 2025
Net book values
At 31 March 2025
At 31 March 2024
14Debtors
Trade debtors
Other debtors
Prepayments and accrued income
15Creditors:
amounts falling due within one year
Trade creditors
Other creditors
Accruals
16Creditors:
amounts falling due after more than one
year
Other creditors		 Plant &
Machinery
£
39,660
39,660
39,324
168
39,492
168
336		 Leasehold
Improvements
£
54,143
54,143
54,143
-
54,143
-
-
2025
£
38,614
34,653
3,273
76,540
2025
£
38,291
30,172
12,447
80,910
2025
£
4,243
4,243		 Fixtures &
Equipment
£
9,327
9,327
9,327
-
9,327
-
-		 Total
£
103,130
103,130
102,794
168
102,962
168
336
2024
£
61,399
40,223
3,442
105,064
2024
£
21,894
53,603
27,271
102,768
2024
£
7,476
7,476

Page 28

Nafsiyat

Notes to the Accounts

17 Movement in funds

Restricted funds:
Restricted income funds:
NHS Islington - Accept
The Charity of Sir Richard
Whittington
The National Lottery
Community Fund:
Development Grant
Suicide Prevention Fund
Warm Spaces
City Bridge Foundation
Compass Wellbeing Fund
Total
Unrestricted funds:
General funds
Total funds		 At 1 April
2024
-
-
29,202
-
-
-
-
29,202
75,605
104,807		 Incoming
resources
(including
other
gains/losses)
£
130,821
10,000
143,343
79,068
2,190
33,678
-
399,100
319,675
718,775		 Resources
expended
£
(130,821)
(15,358)
(145,332)
(79,068)
(2,246)
(32,038)
(8,097)
(412,960)
(326,285)
(739,245)		 Gross
transfers
£
-
3,000
-
-
-
-
11,971
14,971
(14,971)
-		 At 31
March
2025
£
-
(2,358)
27,213
-
(56)
1,640
3,874
30,313
54,024
84,337

Purposes and restrictions in relation to the funds: Restricted funds:

NHS Islington - Accept

The Charity of Sir Richard Whittington The National Lottery Community Fund: Development Grant

As Lead Provider, we restrict the funds that are used to subcontract our partners in the Accept Consortium

Funds the weekly support group for female Amharic, Arabic and Tigrinya-speaking refugees

For project partnering with Islington Bangladeshi Association to support the Bengali community with their mental health

Suicide Prevention Fund As a lead provider, funds are restricted to subcontract Islington MIND and CCIWBS to deliver therapeutic counselling to men by building resilience to the prevent suicide

Warm Spaces

A small grants scheme for groups who can provide an out of hours warm spaces

City Bridge Foundation Funds to provide psychosocial groups for marginalised and racialised communities in North London, offering accessible and inclusive mental health support

Page 29

Nafsiyat Notes to the Accounts

Compass Wellbeing Fund Providing therapeutic group sessions for individuals aged 18-25 from Afghan refugee backgrounds

18 Analysis of net assets between funds

Analysis of net assets between funds
Fixed assets
Net current assets
Creditors due in more than one year and
provisions		 Unrestricted
funds
£
168
58,099
(4,243)
54,024		 Restricted
funds
£
-
30,313
-
30,313		 Total
£
168
88,412
(4,243)
84,337

19 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 April 2024
£
109,651
109,651
109,651		 Cash flows
£
(16,869)
(16,869)
(16,869)		 At 31
March
2025
£
92,782
92,782
92,782

20 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

Operating leases with expiry date:
Within one year
In the second to fifth years inclusive		 2025
Land and
buildings
£
44,000
-
44,000		 2025
Other
£
-
-
-		 2024
Land and
buildings
£
44,000
44,000
88,000		 2024
Other
£
-
-
-

21 Related party disclosures

Controlling party

The company is Limited by Guarantee and has no share capital; thus no single party controls the company. The Liability of members is limited. Every member promises that if the Company is dissolved while they are a member or within twelve months of ceasing to be a member, they will contribute such sum, not exceeding £10, that may be demanded, towards payments of the debts and liability of the Company incurred before they ceased to be a member.

Page 30