Charity Registration No. 1010697 Company Reglstration No. 024509471England and Wales) THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrAltafAhmed Miss Nighat Basharat MrAurangzeb Chaudry Mr Ishfaq Hussain Mr Tariq Hussain Mr Irfan Khan Mr Sajid Mahmood Mrs Meamuna Rehman Secretary MrAltaf Ahmed Chief Executive DrAbdul Rob Charity number 1010697 Company number 02450947 Independent examiner G Wdde BAACA Cannon House Rutland Road Sheffield S3 8DP Bankers Lloyds Bank plc P.0. Box 85 14 chU￿h Street SheffJeld South Yorkshire S1 1HP THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED CONTENTS Page Trustees, report Independent examinefs report Statement of financial activities Balance sheet Notes to the financial statements 8-17 THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financi21 statemenls and comply wilh the Charity's goveming document, the Companies Act 2006 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)" (effective 1 January 2019). Objectlves and activities The Charity's principal activity is to operate the Pakistan Muslim Centre at Woodbourn Road. Sheffield with the objective, to be directed wholly or mainly to the benefit of the Muslim Community, to enhance and develop the public knowledge, understanding and appreciation of Pakistan Muslim culture in the City of Sheffield through a programme of activities including education and training. mental health and wellbeing project known as "Being There" women's activities. children and adult mentoring support. tackling health inequalities through medical student placement at the Pakistan Musiim Centre. translation, interpretstion and advice. The EY)licies adopted in furtherance of these objects are: to provide and promote the provision of facilities in the interests of social welfare and for recreation and leisure time occupations- to advance knowledge. understanding and appreciation of Pakistan Muslim culture- lo promote such other charitable objects for the benefit of sad Pakistani Muslim cullure and there has been no change in these durtng the year. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what aclivities the Charity should undertake. The Trustees have paid du8 regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perfomiance The financial year ending 31st March 2024 proved to be an exceptionally challenging period. not only for the Pakistan Muslim Centre (PMC) but also for the global community at large. Despite Ihese difficulties, we are pleased to report that we suc￿sSfUllY navigated the stomi, continuing our commitment to serving the local BAMER community through a range of essential services and novel initiatives. One of our key achievements during this period was our continued focus on cost reduction services to address the increase in living cost5. Utilising our communication platform, Radio Link FM at 96.7 FM, we maintained a vital link with the community, providing important messages, advice and guidance, particularly on cost of living, employment and heallh-related matters. Radio Link FM proved invaluable in ensuring that accurate and timely infomiation reached individuals in the community, helping them navigate the challenges of the year. In addition our Mental health "Being There Project" & "Social Care Projecv (Sheffield City Council Connecting Communities) & Building Resilience= Empowering Sheftield's Damall Community Project (SYC Foundation) provided a safe, culturally appropriate space for the vulnerable, deprived and needy members of the community. These inlliatives brought together people from diverse backgrounds, offertng a warm inclusive environment where individuals Gould come together, build stronger relationships and leam new skills. The projetts not only fostered mental well-being but also empowered participants to become active members of society, free from the effects of stress and mental health issues. Through teamwork and support participants gained the confidence and ability to address community challenges. including seeking employment opportunities. The Suc￿sS of these projecls has been a significant positive impact on grassroots communities and we are deeply gralefvl to our nders for their continued support. Throughout the year the PMC hosted a variety of successful events aimed at promoting health, culture and ommunity engagement. These including the Open day for the Healthy Lifestyle Project, Iftar (breaking fast) Gathering Event for all ￿mmunity, the annual Link FM. celebrations marking Pakistan Independence Day, Over 4,500 people from Sheffield attended these events underscoring the importance of such initiatives in fostering a sense of belonging and shred purpose among cotnmunity members. Our partnership with key organisations in Sheffield played an essential role in enhancing the imp&1 of our work. Collaborations with UKEMS. Sheffield City Council, Sheffield Health and Social Care Foundation Trust, the University of Sheffield's Medical School, Sheffield Hallam University, South Yorkshire Community Foundation, VAS,South Yorkshire Fire Brigade, DWP. local mosques and others have allowed us to expand our reach and effectiveness. Notably the ongoing work is continuing with the Sheffield Care Trust has been instrumental in supporting the mental health and well-being of the community. A further three-year extension of this project, including the recruitment of Cultural Advocacy Link Workers (one male and one female) will ensure that the imporlanl work continues to improve the lives of those affected by menlal health issues. In terms of infrastructure we are proud to announce significant upgrades to the IT Resource room which now boasls 5tatevof-the-art facilities for community use. Additionally the toilet facilities have also been revamped with support Irom Veolia, ensuring a more comfortable and accessible environment for all visitors to the Cent￿. A key milestone for Ihe PMC in the financial year has been the achievement of financial self-re1lan￿. Through thè successful operation of our business units, including the office Spa￿$, Lower Training Building, restaurant, kilchen and from the external sheds vie are now generating sufficient income to support the Centre's ongoing activities. This achievement aligns with one of the primary objectives of the PMC to reduce reliance on extemal funding. Wilh this newfound financial stabilty the Board is now able to focus more on the Centre's growth and development. We believe that the PMC is poised for a bright future. wtth continued posilive impact m the Sheffield cotnmunity and beyond. In summary. the Pakistan Muslim Centre has made substantial progress in this challenging year and we look foÈward to further expanding our services, strengthening our community partnership and enhancing our facilitles. The success we have achieved would not have been possible without the hard work and dedication of ow team, volunteers, funders and partners and we remain deeply committed to continuing this important work fcr the benefit of all. THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financlal review It is the policy of the Charity that unrestricted funds which have not been designated for a specffic use should be maintained at a level equivalent to between three and six months, expenditure. The Trustees considers that reserves at this level will ensure that. in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained Ihroughout the year. The Charity aims to have at least Six months of core staff salaries and running costs in the fomi of general unrestricted reserves. The reserves are held to ensure that the core costs are met in the event of a reduction in the level of funding received and this is the bare minimum the Trustees deem acceptable. There are no freely available general reseNes for the Charity on a standalone basis (2023 - £Nil). The Trustees have a￿eSSed the major risks to which the Charity is exposed, in particular those relating to the operations and finances of th8 Charity and are satisfied that systems are Tn place to mitigate exposure to major rfsks. The results for the year. together with details of Income and expenditure are set out on the Statement of Financial Activities on page 6. the accounts show a surplus of£2,950 (2023: £2,501) forthe year. The Trustees recognise that it is essential to develop a transparent and meaningful partnership w￿h the community. Sheffield City Council ISCC) and other fijnding bodies in order to enable the PMC to become a self sustaining company and no effort will be spared to establish this system so that all sections of the community participate in the future of this much needed Centre. Structure, governance and management Trje Charity is a company limited by guarantee. The Pakistan Muslim Centre (Sheffield) Limited (hereinafter called Ihe Charity) is both a registered charity and company limited by guarantee having no share capital. St is govemed by its Memorandum of Articles of Association and was incorporaled on 11 December 1989. The Memorandum of Articles ofAssociation were amended by special resolution dated 4 September 1991 and 8 November 1992 and re-amended by special resolution dated 30 April 2015. Every member promises, to pay up to £1 towards the costs of dissolution and the Irabilities incurred by the Charity while the contributor was a member. The Trustees, who are also the directors for the purpose of company law, and who seryed during the year were . MrAllafAhmed Miss Nighat Basharal MrAurangzeb Chaudry Mr Ishfaq Hussain Mr Tariq Hussain Mr Irfan Khan Mi Sajid Mahmood Mrs Meamuna Rehman The Pakistan Muslim Centre board delegated powers to Dr Abdul Rob, the Chief Executive Offitsr, to undertake the daily operational duties. The principal activity of the Charity is to operate the Pakistan Muslim Centre at Woodbourn Road, Sheffield for the benefit of the Pakislan Muslim and other BAME communily in Sheffield. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 All Directorsrrrustees must retire every five years but may offer themselves for r&election after the expiry of elve calendar months from the date of resignation. If no women are elected at a general meeting then the Trustees must co-opt 3 women truslees with full voting rights. The Trustees when complete consist of up to nine persons being members elected at a general meeting of which three must be women. The Trustees may amend the maximum number of Trustees by passing and ordinary resolution. The Trustee5 must choose from amongst themselves persons to act as Chair, Vice-chair. Secrelary and Treasurer. The Trustees may at any time cfropt up to six persons to be non-voting observers or advisors. These persons shall consist of . (1) one representative appointed by Sheffield City Council {2) three persons co-opted because their resrdence. occupation anivor employment give them special knowledge or understanding to assist the Charity in its work (3) if at least two retiring Trustees are not elected at a general meeting then the Trustees must cwpt from the retiring directors as non-voting advisors to ensure continuity At least one must be belween the ages of18 and 24. The Trustees. report was approved by the Board of Trustees. Mr Sajld Mahmood Trustee Daled: 26 March 2025 THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED I report to th8 Trustees on my examination of the financial statements of The Pakistan Musllm Centre (Sheffield) Limited (the Charity) for the year ended 31 March 2024. Responsibilities and basls of report As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in ac￿rdan￿ with the requtrements of the Companies Act 2006 (the 2006Act). Having satisfied myself that the finanaal 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 the Charity's financial statements carried out under section 145 of the Charities Act 2011 (th8 2011 Act). In carrying out my examin?lion I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Sinc& the Charivs 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 l am quaSified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in conneclion with the examination giving me cause to believe that in any material respect= accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act,. or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a twe and fair view which ￿ not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the method5 and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems 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 lo be reached. Gwa BAACA Independent Examiner Chartered Accountant Wells Richardson Cannon House Rutland Road Sheffield S3 8DP Ch8rtered Accountant Dated.. 26 March 2025 THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restrlcted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other income 1.510 23,095 34,373 102,705 1.510 102.405 34,373 102,705 10.192 79,310 26,362 31,415 102,365 15,000 41,362 102,365 32,412 10,192 32,412 Total Income 161.683 89.502 251.185 160,142 47,412 207,554 Expenditure on: Charitsble activities 248,235 248.235 205,053 205.053 Total expenditure 248,235 248,235 205.053 205,053 Net incomel{expendlture} (86,552) 89.502 2,950 (44,911) 47.412 2,501 Transfers be￿een funds 89,502 (89,502) 47,412 (47.412) Net movement in funds 10 2.950 2.950 2,501 2,501 Reconclllation of funds: Fund balances at 1 April 2023 493,375 493,375 490,874 490.874 Fund balances at 31 March 2024 496,325 496,325 493,375 493,375 The statement of financial adivities include5 all gains and losses recognised in the year. All income and expenditur& derive from continuing activities. THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets Investment property 14 15 252,650 330.950 262,202 330,950 583.600 593,152 Current assets Debtors Cash at bank and in hand 16 35,757 112.488 39,559 106,329 148.245 145,888 Creditors: amounts falllng due wlthln one year 17 {44,494) (41,363) Net current assets 103.751 104.525 Total assets less current liabllltles 687,351 697,677 Credltots: amounts falling due after more than one year 18 (191,026) (204,302) Net assets excluding pension liability 496,325 493,375 Net assets 496,325 493,375 The funds of the Charity Unrestricted funds 496,325 493,375 496,325 493,375 The company is entitled to the exemption from the audit requirement contsined in section 477 of the Companies Act 2006. for the year ended 31 March 2024. The directors acknowledge their responsibililies for complying with the requirements of th8 Companies Act 20D6 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of tts financial 8tstements for the year in question in 8¢cordance with section 476. These financial statements have been prepared in accordan￿ with the provisions applicable to companies subject to the small companies regime. The financial atements were approved by the Trustees on 26 March 2025 Mr Sajid Mahmood Trustee Company registration number 02450947 (England and Wates) THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles Charity infomjation The Pakistan Muslim Centre (Sheffield) Limited is a private company limited by guarantee incorporated in England and Wales. The registered Offi￿ is the Pakistsn MLJslim Centre al Woodbourn Road. Sheffield S9 3LQ. The principal activity of the company continues to be the operating of the Pakistan Musllm Centre. 1.1 Accounting conventlon The financial statements have been prepared in accordance with the Charity's Articles of Association, the Companies Aci 2006 and "Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and RepubliG of Ireland (FRS 102) (effective 1 January 2019)" The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Ststement of Cash Flows. The financial statements are prepared in sterling. which is the functional cuf￿ncY of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the Trustees have 8 reasonable expectation that the Charity has adequate resources to wntinue in operational existen￿ for the foreseeable fulure. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charltable funds Unreslricted funds are available for use at the discretion of th8 Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. Transfers from restricted to unrestricted funds are made on the completion of projects subject to the tems of the funding agreement allowing such transfers to lake place. Transfers from unrestricted to reslricted funds are made when funds are overspent and monies are transferred from unrestricted funds to cover the extra expenditure. 1.4 Income Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. other donations are recognised once the Charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. Grants are awarded to the charity on the basis of agreements containing conclitions as to the purprtses for which funds may be expended. Vvhere such conditions are not met. it is possible that grants rnay become repayable to the funding organisations. The trustees believe that all specific conditions have been met and no grants will be rep8yable eX￿pt as otherwise provided for in these financial slatements. THE PAKISTAN MUSLIM CENTRE {SHEFFIELD) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies 1.5 Resources expended Expenditure is recognised once there is a legal or constructive obligatlDn to transfer economic benefit to a third paty. il is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be measured reliably. (Conunued) Expenditure is classified by activity- The costs of each activty are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs whith contribute to more than one activity and support costs which are not attributable to a single activity are 8PPOrtioned be￿een those aclivities on a basis consistent with the use of reSoUr￿s. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Resources expended are included in the statement of financial adrvities on an accruals basis. Govemance costs represent those expenses incurred such as intemal and independent examination, legal advice for Trustees and costs associated with constitutional and statutory requirements. 1.8 Tangible flxed assets Tangible fixed assets are initially measured at cost and subsequenty measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assels less their residual values over their useful lives on the following bases: Freehold property and buildings Fixtures and fittings 2% straight line 25(AF reducing balance The gain or loss arising or] the disposal of an asset is determined as the differen￿ be￿een the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activitles. 1.7 Investment propertles Investment propety. which is propety held to eam rentals andlor for capital appreciatlon, is initially recognised at cost. which includes the purchase cost and any directly attributable expenditure. Subsequenuy it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is reGognls&d in profit or loss. The investment represents the charity's interest in the Workshop units situated at Woodbourn Road. Sheffield. 1.8 Impairment of fixed assets At each reporting end date. the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any such indtcation exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impairment loss (if any). THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles (Continued) Recoverable amount is Ihe higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to Ihe asset for which the estimates of fuiure cash flows have not been adjusted. If the recoverable amount of an asset is estimated to be less than its carrying amount. the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is ￿CogniSed immediately in incomel (expenditure for the year, unless the relevant asset is carried at a revalued amount. in which case the impairnient loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, Ihe reason5 for the impairment loss have ceased to apply. I￿ere an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carying amount does not exceed the carrying 8mount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impaimient loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is trealed as a revaluatsn increase. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-temi Ilquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Financial instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance Sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial slatements, when there is a legally enfor￿able right to set off the recognised amounts and there is an intention to settie on a net basis or to realise the asset and settle Ihe liabilty simuiianeously. Baslc financial assets Basic financial assels, which include debtors and cash and bank balances, are initi8lly measured at transaction pThce including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective inter8St rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is du& within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 10- THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies (Contlnued) Derecognition of financial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are reGeived. Terminalion benefits are reccgnised immediately as an expense when the Charity is demonstrably commltted to terminate the employmenl of an employee or to provide termination benefits. Crltlcal accounting estimatss and judgements In the application of the Charity's accounting policies. Ihe Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien￿ and other factors that are considered to be relevant. Actual results may differ from the* estimates. The estimates and underfying assumptions are reviewed on an ongolng basis. Revision5 to accounting eslimates are recognised in the period in which the estimate is revised where the revision affects only that period, or In the period of the revision and future periods where the revision affects both current and future periods. Income from donat(ons and legacie5 Unrestricted funds 2024 Unr8Strlcted funds 2023 Other 1,510 11 THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable actlvltles Charitable incorne 1 2024 Charitable Income 2 2024 Totsl 2024 Charitable Income 1 2023 Charftable Income 2 2023 Total 2023 Wedding events Perfomience related grants Hall hire 8,860 8,860 8.595 8,595 79.310 79.310 14,235 15,000 15.000 17,767 14.235 17.767 23,095 79.310 102.405 26.362 15,000 41,362 Analysis by fund Unrestricted funds Re5lricted funds 23,095 23,095 79.310 26.362 26.362 15.000 79,310 15.000 23,095 79.310 102,405 26,362 15,000 41.362 Performance related grants other 79,310 79,310 15,000 15.000 79,310 79,310 15,000 15,000 Income from other trading actlvities Unrestricted Unrestricted funds funds 2024 2023 Radio advertising income 34.373 31,415 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Rental income Interest receivable 102,692 13 102,365 102,705 102,365 12- THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from investments (Continued) Rental income consists of business unit income of £62.402 (2023 .£68,164), base green rental income £6,175 (2023 .- £17,641) and other rental income of £34.115 (2023: £16,560)- Other Income Restrict8d funds 2024 Restrlcted funds 2023 She)Tield pathways into health and care Sheffield health education 22,220 10,192 10,192 32,412 Expenditure on charltable activities Charity activity 2024 Charity activity 2023 Dlrect costs Depreciation and impairment Rates Insurance light and heat Broadcasting management fees Cleaning Repairs and maintenance 9,552 11,919 5,865 30,049 37,908 6,864 26,096 10,717 3,183 5,437 27.555 34.660 4,906 17,502 128,253 103,940 Share of support and governance costs (see note 9) Support Goveman 114,482 5.500 97,801 3.312 248,235 205.053 Analysis by fund Unrestricted funds 248,235 205,053 13- THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to activities 2024 2023 Staff costs Management of catering services and events Management consultancy fees Legal. professional and project delivery Bank charges and interest Mortgage charges and interest Priling postage and stationery Telephone Sundry 5UPPDrt costs Governan* cosls 41,959 3,280 33,356 36,117 2,845 32,345 li 8,278 8SO 10,929 3,259 6.241 6,320 5,500 3.939 1,105 11,502 4,069 5,047 832 3,312 119,982 101,113 Analysed between: Charity activity 119.982 101,113 10 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl(crediting): Depreciation of owned tangible fixed assets 9.552 10.717 11 Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefrts from the Charity during the year. 12 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Administration and development Support Total THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employees (Continued) Employment costs 2024 2023 Wages and salaries Social securily costs 41.613 346 36,117 41,959 36,117 There were no employees whose annual remuneration was £60,000 or more. 13 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 14 Tangible fixed assets F￿ehOld Flxtures and property and buildlngs rittlngs Total Cost At 1 April 2023 302.684 66,825 At 31 March 2024 369,509 302,684 66,825 369.5Q9 Depreciation and impairment At 1 April 2023 Depreciation Charged in the year At 31 March 2024 54.477 6.053 52,830 3.499 107.307 9,552 60,530 58,329 Carrying amount At 31 March 2024 116,859 242,154 10,496 At 31 March 2023 252,650 248,207 13.995 262,202 Freehold propety is held for charity use. The propety is included in the accounts at its historrcal cost and is being depreciated on a straight line basis over its useful life of 50 years. 15 Investment propety 2024 Falr value At 1 April 2023 and 31 March 2024 330,950 The Investment propertres consist of workshop units let at a commercial rent. These properties aE included in the accounts at their historical cost value. The trustees consider that Ihe historic cost of such properties also represents their fair value and that the cost of obtaining a professional falr valuation OU￿1ghS the benefit to the users of lh& accounts and that such valuation would not be materially different to the cost of the assel. 15- THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Investment PToperty (Contlnued) 2024 2023 Long leasehold 330,950 330,950 16 Debtors 2024 2023 Amounts falling due wlthin one year: other debtors Prepayments and accrued income 3.000 36.559 35.757 35,757 39,559 17 Creditors: amounts falling due wlthln one year 2024 2023 Bank loans and overdrafts (Note 18) other taxation and social security Other creditors Accruals and deferred income 13,276 437 17,190 13,591 12,526 17,190 11,847 44,494 41,363 18 Credltors: amounts falling due after more than one year 2024 2023 Notes Bank loans 191.026 204,302 The bank loan taken out in 2015 is repayable over 20 years and incurs interest at a fixed rate of 2,80/0 per annum above the rate nomially applicable to loans of this nature. The loan is secured by way of a first legal charge dated 17 December 2013 provided by the Pakistan Muslim Centre (Sheffield) Limited over its freehold property at Pakistan Muslim Cenlre, Woodbourn Road. Sheffield S93LQ. 16- THE PAKISTAN MUSLIM CENTRE (SHEFFIELD) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unrestrlcted funds The unrestricted funds of the Charity comprise the unexpended balances of donations and granfs which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 Aprll 2023 Incoming resources Resources expended Transfers At 31 March 2024 General funds 493,375 161.683 (248.235) 89,502 496,325 Previous Period: At 1 Aprll 2022 Incoming resources Resources expended Transfers At 31 March 2023 General funds 490,874 160,142 (205,053) 47,412 493.375 20 Analysis of net assets between funds Unrestricted funds 2024 At 31 March 2024= Tangible assets Investment properties Current asselsl{liabllities) Long term liabilities 252,650 330.950 103.751 (191.026) 496.325 Unrestrlcted funds 2023 At 31 March 2023: Tangible assets Investment properties Current assetsl