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← Himmat Limited

2025-03-31-accounts

HIMMAT LIMITED

(a company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Company No. 03277918 Charity No. 1059600

HIMMAT LIMITED

CONTENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page
Trustees'/Directors’ report 3 - 7
Independent Examiner’s report 8
Statement of financial activities 9
Balance sheet 10
Cash flow statement 11
Notes to the financial statements 12 - 19

2

HIMMAT LIMITED

TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their report and the independently examined financial statements for the year ended 31 March 2025.

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 (SORP), 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).

REFERENCE AND ADMINISTRATIVE INFORMATION

Charity number: 1059600
Company number: 03277918
Registered office: Lower Ground Floor, Raven Street
Halifax
West Yorkshire
HX1 4NB
Trustee Directors: Mohammed Zhabair Yousaf
Aamina Khan (appointed on: 10 October 2024)
Abu Bakar Dar (appointed on: 24 October 2024)
Sabir Hussain (resigned on: 10 June 2025)
Shabir Hussain (appointed on: 27 June 2024, and
resigned on: 10 June 2025)
Toyaba Ali (resigned on: 22 December 2024)
Faisal Shoukat (resigned on: 13 November 2024)
Hajra Ilyas (resigned on: 14 September 2024)
Waseem Mirza (resigned on: 14 September 2024)
Abdul Jabar (resigned on: 09 May 2024)
Key Management Team: Toyaba Ali (Projects Director)
Arshad Mahmood (Projects Manager)
Independent Examiner: Mohammad Ansari
Ansari & Co – Charity Accountants & Consultants
Birmingham
B28 8JG
Bankers: Barclays Bank
1 Churchill Place
London
E14 5HP
Solicitors: Birkett Long LLP
The Brampton
Newcastle-under-Lyme
ST5 0QW

3

HIMMAT LIMITED

TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation, Himmat Limited, is a charitable company and is also registered as a charity. Whilst starting its work in 1991, the company was incorporated on 14 November 1996 (Company number 03277918) and established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. The charity was registered with the Charity Commission on 04 December 1996, with Charity number 1059600.

Recruitment and appointment of trustees

The Board of Trustees were recruited due to their commitment and expertise. Role descriptions, where applicable, are issued to each Trustee and a full induction is given setting out the obligations of a Trustee. List of current Trustees can be found on page 3 of this document.

Organisational structure

The Charity is principally based in West Yorkshire. The Trustees are responsible for the governance of the Charity, and the day-to-day management is performed by the Projects Director, Projects Manager, employees and volunteers.

Trustees

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Pay and remuneration of senior staff

Levels of salary for staff are reviewed periodically.

Fundraising activities

The Charity had no significant fundraising activities to the public in the year but raised funds through grants received mainly through local Council partners or other funders.

Political Donations

No donations of monies or donated goods were made to any political parties or political campaigns in the year (2023-24: £NIL).

Related parties

During the year, the Charity has used the services of Unique Community Hub Ltd (UCH). Trustee, Toyaba Ali, was also a Trustee of UCH, during this time. Services invoiced by UCH to Himmat, for services provided by them, totalled £6,000 for the year (2023-24: £3,571). UCH also paid £11,000 during the year to Himmat for rent (2023-24: £1,423). No amount is outstanding, either way, at the year end.

Key risks and uncertainties

The Trustees actively review the major risks which the Charity faces on a regular basis, in particular those relating to its operations and finances. They are satisfied that systems are in place to mitigate the charity’s exposure to the major risks. The risk management strategy comprises:-

The strategy will be reviewed regularly by the Trustees.

4

HIMMAT LIMITED

TRUSTEES'/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

The charity’s objects for which the company/charity is established are:-

  1. To promote the benefit of young persons living in West Yorkshire and in particular by providing counselling and education to young Asian offenders and assisting in the provision of facilities for recreation and other leisure time occupations in the interests of social welfare and with the object of improving the conditions of life; and

  2. To promote other such charitable purposes for young persons living in West Yorkshire as the Committee members may determine.

The strategies employed to assist the organisation to meet these objectives include the following:-

HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT

The section of this report above entitled ‘Objectives and Activities’ sets out the aims and priorities of the Charity.

The Trustees have considered this matter, in conjunction with the guidance contained in the Charity Commission’s general guidance on public benefit, and have concluded:

The Board of Trustees has had due regard to the Charity Commission guidance on public benefit and has complied with the duty in section 4 of the Charities Act 2011.

ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR

The trustees are pleased to report that 2024-25 has been a highly positive and progressive year for Himmat. Following a period of uncertainty in previous years, this year has been defined by stability, renewed energy, and a strong return of participants engaging with our services.

We have been delighted to welcome women back into our provision in increasing numbers. The ladies-only gym and associated wellbeing activities have continued to play a vital role within the community, offering a safe, inclusive, and supportive environment where women feel comfortable to prioritise their physical and mental health. Feedback consistently highlights not only enjoyment of the sessions, but a strong desire for the provision to remain open and accessible long-term.

The demand for our services has remained high throughout the year. Women across different age groups and backgrounds have actively engaged in gym sessions, fitness classes, walking groups, and recreational activities. Many participants have reported improvements in confidence, social connection, and overall wellbeing. The programme continues to support women in stepping out of their comfort zones, building new skills, and forming meaningful relationships within their community.

5

HIMMAT LIMITED

TRUSTEES'/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)

The ladies-only gym has continued to evolve as more than just a fitness space. It has become a hub for connection, peer support, and personal development. Activities such as group walks, cycling sessions, and football have strengthened community bonds while encouraging healthier lifestyles. The success of these initiatives reflects both the commitment of participants and the dedication of staff and volunteers.

Despite ongoing economic challenges and pressures within the wider community, the charity has maintained its core services and safeguarded its delivery. The cost-of-living crisis continues to impact the communities we serve, increasing the need for accessible, low-cost wellbeing opportunities. In response, Himmat has remained focused on ensuring that its services are inclusive and responsive to need.

REVIEW OF FINANCIAL POSITION

During the 2024-25 financial year, the Charity delivered a financial deficit of £13,398 (2023-24: deficit of £155,057). This deficit arose primarily due to reduction in income from project contracts and costs associated with the reducing of the workforce required to reduce future deficits. Income decreased significantly by 43% to £76,509 compared to £133,343 in 2023-24, while over the same period expenditure decreased by 69% to £89,907 from £288,916 in 2023-24, the difference mainly due to a reduction in staff costs.

Expenditure on fixed assets capitalised during the year amounted to £Nil (2023-24: £Nil), in congruence with our capitalisation policy. Fixed assets are used for charitable purposes and enable staff and volunteers to provide an optimum service to the public.

There is an end of year restricted fund balance of £Nil (2024: £Nil).

Reserves Policy

The Trustee Board reviews and updates its reserves policy annually to ensure its compliance with Charity Commission best practice. This requires reserves to be available to cover future contingencies and liabilities. The Charity holds unrestricted funds which have been provided to the charity via grants and generated income. Under the terms of the donations, the charity must retain the assets in perpetuity and can only use the income to support its charitable activities.

The unrestricted general funds of the Charity represent income earned but not yet utilised in supporting charitable activities. At 31 March 2025, the charity held unrestricted reserves of £61,426 (31 March 2024: £74,824).

Going Concern

The Charity reported a cash outflow of £3,526 for the year but expects to make an inflow in 2025-26. At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing these financial statements.

FUTURE PLANS

Looking ahead, the trustees recognise the importance of sustaining and building upon this momentum. A key priority for the coming year is to secure additional funding to ensure the continuity of the ladies-only gym and to expand the range of activities offered. We aim to introduce additional classes and further diversify our provision in direct response to community feedback and demand.

The trustees remain committed to strengthening the charity’s sustainability, widening participation, and continuing to deliver impactful services that empower women and improve wellbeing across the community. Overall, this has been a successful and encouraging year for Himmat. The continued engagement and positive feedback from participants reaffirm the value of our work and the importance of maintaining and growing this provision for the future.

6

HIMMAT LIMITED

TRUSTEES'/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company and charity law requires the trustees to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the 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 requirements of the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ACCOUNTS PREPERATION

The Trustees confirm that the accounts comply with current statutory requirements, and with those of the governing instrument.

The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the same Act.

In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

The Trustees’ report was approved by the board, authorised for issue on 31 March 2026 and signed on its behalf by,

Mohammed Zhabair Yousaf Trustee

7

HIMMAT LIMITED

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2025

Independent examiner’s report to the Trustees of HIMMAT LIMITED

I report on the financial statements of the charity for the year ended 31 March 2025 which are set out on pages 9 to 19.

This report is made solely to the charity’s Trustees, as a body, in accordance with section 145 and the regulations made under section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Respective responsibilities of Trustees and Examiner

The Trustees, who are also the Directors of the Company for the purposes of company law, are responsible for the preparation of the financial statements. The Trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.

Having satisfied myself that the company is not subject to audit under charity or company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the Trustees, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention:-

1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met; or

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Point of attention

Due to the change in management and significant employee redundancies in the year, the amount of information required to give full accuracy was not all available and in a few but not materially significant occasions, some estimation and judgement was required to help give a true and fair picture of the accounts.

Mohammad Ansari Ansari & Co – Charity Accountants & Consultants Birmingham, B28 8JG

Dated: 31 March 2026

8

HIMMAT LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (Including income and expenditure account) FOR THE YEAR ENDED 31 MARCH 2025

Note
Unrestricted
Funds
£
Income from:
Donations and legacies 2
-
Charitable activities 3
11,201
Investment income 4
Total income
Expenditure on:
Charitable activities 5
Total expenditure
-
___
11,201
___
16,452
___
16,452
Net income/(expenditure)
before transfer
Transfers between funds13,14
Other gains and losses:
Gain on disposal of fixed assets
Net movement in funds
Reconciliation of funds:
Total funds brought
forward at 31 March 2024
Total funds carried
forward at 31 March 2025
___
(5,251)
(8,147)
-
___
(13,398)
74,824
___
61,426
 Restricted
Funds
£
65,308
-
-
___
65,308
___
73,455
___
73,455
___
(8,147)
8,147
-
___
-
-
___
-
 Total
2025
£
Unrestricted
Funds
£
65,308
-
11,201
71,111
-
___
76,509
___
89,907
___
89,907
42
_
71,153
_
132,083
_
132,083
___
(13,398)
-
-
___
(13,398)
74,824
___
61,426

_
(60,930)
(57,001)
516
_
(117,415)
192,239
_
74,824		 Restricted
Funds
£
62,190
-
-
_
62,190
_________
156,833
_________
156,833

_
______
(94,643)
57,001
-
_
(37,642)
37,642
_
-

_

 Total
2024
£
62,190
71,111
42
_
133,343
_
288,916
_
288,916
_
(155,573)
-
516
_
(155,057)
229,881
__
74,824

The statement of financial activities includes all gains and losses in the current and comparative year. All income and expenditure derive from continuing activities.

The notes on pages 12 to 19 form part of these financial statements.

9

HIMMAT LIMITED

BALANCE SHEET AS AT 31 MARCH 2025

2025 20252024 2024
Note £ £ £
£		 £
Fixed assets
Tangible assets 11 49,788 62,119
Current assets
Cash at bank and in hand 19 13,638 17,164
___ __
13,638 17,164
Liabilities
Creditors: amounts falling due
within one year 12 (2,000) (4,459)
___ ___
Net current assets 11,638 12,705
___ ___ ___
Total net assets 61,426 74,824
___ ___
___ ___
Funds of the charity
Unrestricted funds: General funds 13 61,426 74,824
Restricted funds 14 - -
___ ___ ___
Total charity funds 15 61,426 74,824
___ ___

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 (effective January 2019).

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. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

The financial statements were approved by the Trustees on 31 March 2026 and signed on their behalf by:

Mohammed Zhabair Yousaf Trustee

The notes on pages 12 to 19 form part of these financial statements.

10

HIMMAT LIMITED

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

Note
Cash flows from operating activities:
Net cash provided by operating activities
18
Cash flows from investing activities:
Interest received
4
Net cash provided by investing activities
Increase / (decrease) in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the beginning of the
reporting period
Cash and cash equivalents at the end of the
reporting period
19		 2025
£
(3,526)
-
___
-
___
(3,526)
___
17,164
___
13,638
 2024
£
(142,161)
42
_
42
_
(142,119)
_
159,283
_
17,164

The notes on pages 12 to 19 form part of these financial statements.

11

HIMMAT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Charitable Company Information

Himmat Limited is a private limited charitable company, limited by guarantee, by not having share capital incorporated and domiciled in England & Wales. The registered office is Lower Ground Floor, Raven Street, Halifax, West Yorkshire, HX1 4NB and the company registration number is: 03277918.

1 Accounting Policies

1.1 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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Himmat Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared in Sterling and rounded to the nearest £1.

1.2 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.3 Income

All income is included in the statement of financial activities when the charity is entitled to the funds and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Voluntary income is received by way of grants, donations and gifts, including gift aid income where applicable, and is included in full in the statement of financial activities when receivable. Income from government and other grants, where related to performance and specific deliverables, are accounted for when it is probable that the income will be received and the amount can be measured reliably and is not deferred .

Donated services and facilities are included at the value to the charity where this can be quantified and is material. The value of services provided by volunteers has not been included in these accounts.

1.4 Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Expenditure on raising funds; comprise the costs associated with attracting voluntary income.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to its activities and those costs of an indirect nature necessary to support them.

Currently, there are not multiple project streams to which costs are attributable in the Charity and so all costs of the charity are costed and reported on as one main activity. As such, no apportionment for support costs between activities is required nor reported.

12

HIMMAT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting Policies (continued)

1.5 Operating leases

The charity classifies the lease of its offices as an operating lease; the title to the property remains with the lessor with no immediate right to purchase the property at the end of the lease. Rental charges are charged on a straight-line basis over the term of the lease.

1.6 Taxation

The charitable company, being a registered charity with minimal trading income, has been granted exemption from tax under Section 505 of the Income and Corporation Taxes Act 1988. No provision for taxation has therefore been made in these accounts.

1.7 Tangible fixed assets and depreciation

All assets individually costing more than £1,000 are capitalised.

Tangible fixed assets are stated at cost less depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows:

Buildings - 10% on the straight-line method Equipment & Furniture - 20% on the straight-line method Vehicles - 20% on the straight-line method

1.8 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.

1.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.10 Creditors and provisions

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.

1.11 Pensions and retirement benefits

The charity operates a defined contribution scheme but currently all employees have opted-out of the scheme.

1.12 Financial instruments

The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

13

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

HIMMAT LIMITED

1 Accounting Policies (continued)

1.13 Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing the Financial Statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Due to the change in management and significant employee redundancies in the year, the amount of information required to give full accuracy was not all available and in a few but not materially significant occasions, some estimation and judgement was required to help give a true and fair picture of the accounts.

1.14 Going concern

The work of the Charity in the year ending 31 March 2025 was a year full of change and significant reduction in staff and costs as funding for many grants came to an end. Whilst there has been significant cost to the Charity in reducing its overhead expenditure to match the new reality of lower funding levels, the Trustees have now managed to make the changes with the reserves levels that the charity had and can no continue and hopefully grow again in the coming years whilst remaining solvent.

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing these financial statements.

2
Donations and legacies
Unrestricted
Funds
£
Grants
-
___
Grants received, included in the above, are as follows:-
Community Foundation for Calderdale
Bradford MDC
-
-
 Restricted
Funds
£
65,308
___
40,500
24,808		 Total
2025
£
65,308
___

40,500
24,808

 Total
2024
£
62,190
___
62,190
-

3

Income from charitable activities

Unrestricted
Funds
£
Project activity contracts
Total income from charitable activities
11,201
___
11,201
 Restricted
Funds
£
-
___
-		 Total
2025
£
11,201
___
11,201

 Total
2024
£
71,111
___
71,111

14

HIMMAT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4
Investment income
Unrestricted
Funds
£
Interest received
Total investment income
-
___
-
___
5
Expenditure on charitable activities
Unrestricted
Funds
£
Project costs
Salaries & wages
Other staff related costs (including redundancy costs)
-
-
-
Rent, rates & utilities
Repairs & maintenance
Office & admin costs
IT, internet & telephone costs
Insurances
Depreciation
Governance: Legal & professional
Governance: Accountancy related costs
-
-
365
1,064
1,089
12,332
118
1,484
___
16,452
___
6
Net incoming resources for the year
This is stated after charging:-
Operating leases - offices
Independent examiner’s fee
Depreciation and impairment charges		 Restricted
Funds
£
-
___
-
___
Restricted
Funds
£
24,343
24,712
-
24,400
-
-
-
-
-
-
-
___
73,455
___		 Total
2025
£
-
___
-
___

Total
2025
£
24,343
24,712
-
24,400
-
365
1,064
1,089
12,332
118
1,484
___
89,907
___
2025
£
18,000
1,000
12,332

 Total
2024
£
42
_
42
_
Total
2024
£
65,123
91,710
48,589
32,904
4,361
2,085
3,966
9,241
9,932
17,005
4,000
_
288,916
_
2024
£
18,000
1,000
9,932

15

HIMMAT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7 Trustees

During the current or previous year no remuneration or benefits for services as a director/trustee have been paid or were payable, directly or indirectly, out of the funds of the charity to any trustee or to any person known to be connected with them.

Reimbursement of expenses to the trustees came to £Nil during the year to 31 March 2025 (2023-24: £Nil).

Trustees’ expenses related to costs of Trustees’ meetings totalled £Nil (2023-24: £Nil).

8
Employees



Average number of employees in the year
Direct charitable and administration staff

 2025
2024
Head
Count
Head
Count
2
5
______

2
5
Employment costs
Salaries and wages
Social security costs
Pensions costs

 2025
£
24,407
305
-
___
24,712
 2024
£
84,212
5,770
1,728
___
91,710

No employee received remuneration amounting to more than £60,000 in the period (2023-24: Nil)

The key management personnel of the Charity comprise the Projects Director and the Projects Manager. The total employee benefits in the year of the key management personnel of the Charity were £24,712 (2023-24: £31,198).

No employees were made redundant in the year (2023-24: None).

Cost of redundancies and staff settlement claims came to £Nil in the year (2023-24: £48,589 for 18 staff). There were no outstanding costs due at the year end.

9 Pensions

There is a defined contribution pension scheme setup for employees. However, there are currently no employees left on the scheme as all employees were made redundant by the end of the financial year. The Charity automatically enrols eligible jobholders into a qualifying scheme in accordance with pensions legislation. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge for the year represents contributions payable by the charitable company to the fund and amounted to £Nil (2023-24: £1,728). At the year-end £Nil was owed to the pension scheme (2023-24: £Nil).

16

HIMMAT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10 Volunteers

Whilst the majority of the charity’s work undertaken is fulfilled by the key management personnel and employed staff, the Trustee Board and key management personnel recognise the tremendous contribution made by our volunteers without whom the Charity could not operate as widely as it does and would like to publicly thank them all.

11 Fixed assets
Leasehold Equipment
improvements & furniture
£
£
Cost
At 31 March 2024
99,317
2,000
Additions
-
-
_
_
At 31 March 2025
99,317
2,000
___
___
Depreciation
At 31 March 2024
49,198-
Charge for the period
9,931
400
_
_
At 31 March 2025
59,129
400
___
___
Net book value
At 31 March 2025
40,188
1,600
_
_
At 31 March 2024
50,119
2,000
Vehicles

£
10,000
-

_

10,000
___

-
2,000
_

2,000
___

8,000
___

10,000
Total
£
111,317
-
_
111,317
__
49,198
12,331
__
61,529
__
49,788
__
_62,119

The charity rents offices on an annual rental lease but also has a 125-year lease which began on 17 June 2016, related to land donated on the south side of Hanson Lane, as represented by the title number YY69983 and registered with the Land Registry. No value has been included in these accounts in relation to land lease, as no formal valuation has been undertaken and an estimate of the value is not quantifiable on the basis of value in use. Only peppercorn rent of £1 is due annually on the land. The land has been improved as per the terms of the land lease donation and costs shown above are related to this development of the land into a sports field.

12
Creditors: amounts falling due within one year
Accruals and deferred income		 2025
£
2,000
___
2,000		 2024
£
4,459
___
4,459

17

HIMMAT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

13 Unrestricted funds

Balance at
31 December
Incoming
2024
resources
£
£
General funds
74,824
11,201

__

Total Unrestricted funds
74,824
11,201

 Resources
expended
£
(16,452)

(16,452)		 Transfer
Balance at
Between
31 December
Funds
2025
£
£
(8,147)
61,426


(8,147)
61,426

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of funds received for specific purposes:

Balance at
31 December
2024
£
Calderdale MBC
Bradford MDC
-
-

Total Restricted funds
-

 Incoming
resources
£
40,500
24,808
___

65,308
 Resources
expended
£
(48,647)
(24,808)

(73,455)
 Transfer
Balance at
Between
31 December
Funds
2025
£
£
8,147
-
-
-


8,147
-
15
Analysis of net assets between funds
Unrestricted
funds
£
Fund balances at 31 March 2025 are
represented by:-
Fixed assets
49,788
Net current assets
11,638
___

61,426
___
Unrestricted
funds
£
Fund balances at 31 March 2024 are
represented by:-
Fixed assets
62,119
Net current assets
12,705
___

74,824		 Restricted
funds
£
-
-
___

-
____

Restricted
funds
£
-
-
___

-
 Total
£
49,788
11,638
___
61,426
___
Total
£
62,119
12,705
___
74,824

18

HIMMAT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16 Commitments under operating leases

As lessee:

As at 31 March 2025, the company had commitments under non-cancellable operating leases as follows:


Within one year
Between one and five years
Over 5 years		 Land & buildings
2025
2024
£
£
18,001
4
111
18,001
4
112

17 Related parties

During the year, the Charity has used the services of Unique Community Hub Ltd (UCH). Toyaba Ali, was a Trustee of UCH, during part of the year and a consultant Projects Director for part of the year. Services invoiced by UCH to Himmat, for services provided by them, totalled £6,000 for the year (2023-24: £3,571). UCH also paid £11,000 during the year to Himmat for rent (2023-24: £1,423). No amount is outstanding, either way, at the year end.

18
Reconciliation of cash flows from operating activities
Net income / (expenditure) for the reporting period
Add: Depreciation charge
Less: Interest on investments
Loss / (Profit) on disposal of assets
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash provided by operating activities
19
Analysis of cash and cash equivalents
Cash at bank and in hand
Total cash and cash equivalents
19A
Analysis of changes in net debt

Cash
At start

of year
£

17,164


 _
 2025
£
(13,398)
12,332
-
-
-
(2,460)
_
(3,526)
___
2025
£
13,638
_
13,638
__
Cashflows

in year
£
(3,526)
 2024
£
(155,057)
9,932
(42)
(516)
21,430
(17,908)
_
(142,161)
_
2024
£
17,164
_
17,164
_
At end
of year
£
13,638

_
_

19