Charity registratlon number 1110104 (England and Wales Company registration number 04779177 BRITISH MUSLIM HERITAGE CENTRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 • xeinadin
BRITISH MUSLIM HERITAGE CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr N Mahmood Dr M Abdelrahman DrA Dubayan Mr M Al-Astewani Dr H M Algammas Dr H AAlmajed DrA M Almajid DrA Matouq Mrs S Alvi Mr E M Chohan MrAA O Kawooya MrAAR Saif Mr M U Saleem Dr M Sarumi Mr S Thameembasha Mr F Zaheer Mr. W Ahmed N AIAdwani (Appointed 6 August 2024) Secretary Mr F Zaheer Charfty number (England and Wales) 1110104 Company numbor 04779177 Prlnclpal address British Muslim Heritage Centre College Road Manchester Greater Manchester United Kingdom M16 8BP Rggistered offlca British Muslim Heritage Centre College Road Manchester Greater Manchester Uniled Kingdom M16 8BP Audltor Xeinadin Audit Limited Ground Floor, City9ate Longridge Road Preston Lancashire United Kingdom PR2 5BQ Bankers The Royal Bank of Scotland Drummond House 1 Redheughs Avenue Edinburgh EH12 9JN
BRITISH MUSLIM HERITAGE CENTRE CONTENTS Pag8 Trustees report Independent auditols report Statement of financial activllies 10 Balance sheet 11 Statement of cash flows 12 Noles to the financial statements 13-24
BRITISH MUSLIM HERITAGE CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees who are also directors of the charity for the purposes of the Companies Act 2006, present their annual report and financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to Ihe financial statemen15 and comply with the charitls governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparin9 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" Objectlvès and actlvltles The BMHC has developed aims and objectives that 8re Set out below and reflect the ethos ofthe Cenlre. In terms of setting, reviewing, and planning the BMHC'S future aclivities, the Trustees have also considered Ihe Charity Commission's general guidance on Public Benefit. Since its inception, BMHC has striven lo live up to the values by being a Pla for all communities, providing a welcoming environment and working in partnership for the Common good. The vision of the Brilish Muslim Heritage Centre is one of a trusting relationship between Muslims and the rest of society based on shared understanding and shared values. Our mlssion is to achieve this Ihrough the development of collaborative and pioneering initlatives that promole and lebrates Muslim herilage and culture and making il accessible to all. -The BMHC Is a centre for all comrnunities- Muslim and non-muslim, -we strive lo provide a wel¢oming environment for all and work in partnership for the common good. In focusing on Muslim heritage, we mean Muslim history, people and conlribulion to human civilization. Stratsglc report The description under the headings "Achievements and performance" and "Financial review" meet th8 company law requirements for the trustees lo present a stralegic report. Achlevements and perfomiance Significant 8Ctivities 8nd achievements against obj8CtIV8S Flnancial Year Overvlew This financlal year marked a slgnificant transformation for the Centre with the appointment of a new CEO, Mr. Kamran ljaz Hussain. Known for his proven leadership in revitalising organisations. Mr. Hussain has brought a renewed vision and direction lo the Cenlre. Under his guidance, our education projects have gained fresh momentum, reinvigorating the spirit of community engagement and outreach. Key Projects and Programmes Engaging and 8UPPOrtlng local communltl88 in Manchester We have managed to bring together all communities in Manchester Ihrough our community events during ihe year i.e Eid Festival, Monthly Open day and weekly coffee mornings for women. Networking During this year we conlinued arranging networking events for different neIOrkIng groups in collaboration with M power. These events brought professionals together from various professions. Tackling Hate Crime, Pathership project We continued working on the Hate Crime after the completion of the project in Collaboration with greater Manchester Poli as reporting centre of Hate Crime.
BRITISH MUSLIM HERITAGE CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Partnership with Islamic Rellef We are pleased lo report that this project was completed during 2024. We are working together to start a new project for the youth in 2025. Tackling Domestic Vlolence We are worf(ing with Miri Roshni on this project and have successfully launched it in Seplember,2023. We are developing a training manual and will deliver training sessions soon. This projecl focuses on understanding what Domestic abuse is, the different forms and the effect il has on individuals. We will engage imams and men so that they can become our trainers and deliver the message to the community. Education and Herftage Our areas of education have focused on cultural and heritage as well as ensuring that we are meeting the needs of the Muslim community. We are pleased lo report that we have continued lo provide the following setvices during the year, which induded: Heritage Academy (after school education) Qur'an Classes for children, adults, beginners, and home-schooled learners Monthly Islamic Lectures GCSE Islamic Studies Seminars and Training Sessions Islamic Publications Permanent and temporary Exhibitions Divine Connection Course (4-week programme) Hèritage Academy The Academy plays a crucial role in nurturing ethical and responsible citizens through Islamic education and tarbiya (moral training). Our approach ensures Ihal leaming is engaging, enjoyable, and rooted in Islamic values. We have introduced few new classes in this yearfor the children whlch are.. Boys Quran classes Hearts and Mind Hifdh{memorisallon of Quran by heart) class Home schooling club Weekend Tuitlon Few new courses ar8 introduced this year for adults as well. Ramadan Progrnmmos Communty Iftar.. Throughout the 30 days of Ramadan, we hosted daily iftars {breaking the fast) with the support of generous community donors. Taraweeh (night prayers during Ramadan) Prayers.. Well-organised and well-attended, continuing our tradition of spiritual enrichment during the holy month. Islah Youth Group The Islah Youth Club engages young Muslims through a blend of sports, team building, Islamic reminders, and mentorship. Initiatives include.. Football Club Youth Summer Programme Weekly health and wellbeing messages This programme is fostering a strong sense of identity and community among ouryouth. Scouts Group
BRITISH MUSLIM HERITAGE CENTRE TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Heritage Umrah Trips We successfully organised two Umrah trips {pilgrimage lo Macca which can be performed anytime of the year) in 2024, with over 117 participants from diverse backgrounds. The trips ceiVed overwhelmingly posilive feedback. and due to popular demand, we plan to continue this SeiCe annually. Financlal revlew Financial Posltlon Full details of income and expenditure for the year arè set out in the Statement of Financial Activities on page 10. Donations remain the main Sour of funds while some revenue has been generated from letting parts of the building. The total unrestricled donations received for this financial year £388,335 (2023 £408,671). The organisation continues to improve income generation lo support its increasing a1VIlieS. R8seNes policy rhe financial poslllon is regularly reviewed by ihe trustees to ensure effective financial governance. This includes monitoring of the cash and bank balances by the trLtstees. BMHC has continued to invest significant sums into the new build planning permission application preparation and maintenance of its grade Il. listed building. This building is central lo the fulfilment of our vision. The refurbishment and rebuilding process has, thus been a priority investment focus. Given the scale of the rebuilding and refurbishment project and its continuous demand on funds, it is not possible lo maintain reserves. Despite that, the trustees remain confident that given the strength of BMHC'S balance sheel, with a combined value of £11,722,370 of nel assets, a dependable nefvvork of donors sympathetic lo BMHC'S vision, and Ihe introduction of new revenue streams, there is no need lo build up a reserve. The trustees are confident the organisation will continue to be able lo meet with its financial obligations accordingly. Major nsks Rlsk management The trustees actively review Ihe major risks which the charlty faces on a regular basls and confirm that they have established systems to mitigate the significant risks. Investment power The Board of Trustees is aulhorised under the Memorandum and Articles of Associatlon to make and hold investrn8nls using the general funds ofthe Charity. However, no such investments are presently held. Plans for future perlods Future Plans: We aim to build on the success of our various programmes and ventures inlroduced CentlY. The following are the highlights of our future plans: Programmes lo benefit the wider community. New programmes will be introduced for those wishing lo gain an understanding of Islam. Short courses will be introduced for people wishing io enhance their knowledge about Islam and Muslim culture in general. The marquee continues to be a usefvl revenue stream lo help the organisation Cary out its charitable activities. After the completion of the refurbished wing, we are now generating some fund5 through providing a housing facility for homeless people through a charity. These funds will be used for community welfare projects and running expenses of the organisation.
BRITISH MUSLIM HERITAGE CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Upcoming Development: The Glass Receptlon The Glass Receptlon is the next major area scheduled for completion within our building development plans. Designed to be a welcoming and modern space. it will serve as a central hub where the visilor5 of the centre can Socialise. relax, and enloy refreshments in a comfortable environment. Once completed, this space is expected to become a vlbrant community attraction, offering a calm and inclusive setting for visilors of the centre for meetings, or simply enjoying a cup of tea. Construction is currently In progre88, with completion antlcipated by 2026. We look foard to unveiling this exciting addition to the Centre and believe it will greatly enhance the overall experience for all our visitors. Future Development: New Bulld Project The New Bulld project 19 currently in the pr8-appllcatlon stsge for planning pemiission. This ambitious and fomard-looking initiative aims lo address the growing needs of the local community, which continues lo expand in both size and diversity. Once the preparation Is complete, we will proceed to seek fornial approval from the Clty Councll, after whlch we will launch a dedicated fundralsing campalgn to support Ihe conslrucllon phase. This development represents a long-tem) Investment In the future of Muslims In th1$ area. The new facility is envisioned lo provide comprehen8lve servlceg that cater lo educational, social, religlous, and cultural needs of the ¢ommunity. ile it is a multi-year undertaking, we are pleased lo report that the critical groundwork 18 nearlng completlon, and we hope to flle the plannlng appllcatlon by 2026. This projact Is not just about Infrastructure come. il's about building a suslalnable, inclusive future for generations to Structure. govemancg and management British Muslim Heritage Centre {BMHC, hereafter) was incorporated as a Limited company, company number 4779177, on 28 May 2003 as Manchester Muslim Heritage Cenlre. It was granted charitable status under Charities Act on 20 June 2005, (registration number 1110104). The CharItS name was changed lo British Muslim Heritage Centre on 31 August 2005. 8MHC is governed by a Memorandum and Articles ofAssociation {amended by special resolutions). There are no specific restrictions imposed on how Ihe Charity should operate lo achieve ils objeclive. However, the income and assets of the Charity must be applied solely for the purpose of achieving its objectives. The Board of Trustees comprises members from diverse backgrounds. Trustees are selected based on thelr skllls, experience and neorkS, and the needs of the company. All members of the Board of Truslees work on voluntary basis only and dedicate a considerable amount of time to the Charitys activities. The power of appointing new Trustees is vested in the Trustees and there are informal procedures in place for the induction and training of new Trustees. Trustees are also encouraged to attend relevant briefings and courses. The Board of Trustees deals with matters pertaining corporale strategy, key strategic objectives, and targets. The Board also deals with major decision making including for the use of financial and other resources and the agreement of budgets for projects and operalions. Furthermore, dealing with issues concerning staff appointments and ensuring ongoing viability of the Charity is also undertaken by the Board. The Board has established working groups, which generally comprises beeen one lo Trustees, advisors, Trusl staff and, where appropriate, consultants for each project. Additionally. Trustees are identified as mentors for different aspects of the Trust's activities.
BRITISH MUSLIM HERITAGE CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT> ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were- Mr N Mahmood Dr M Abdelrahman DrA Dubayan Mr M Al-Aslewani Dr H M Algammas Dr H AAlmajed Dr A M Almajid Dr A Malouq Mrs S Alvi Mr E M Chohan Mr AA O Kawooya MrAARSaif Mr M U Saleem Dr M Sawmi Mr S Thameembasha Mr F Zah8er Mr. WAhmed N AIAdwani (Appointed 6 August 2024) R8ClUltm8nt 8nd 8ppointm8nt of trustees The Chief Executive Officer (CEO), working in conjunction with Trustees, delegales much of the day-to-day running of the organisation to managers, who are the principal advisers lo the Board. The managers take part in select Board meetings and, subject to the 8oard's approval, represent the Twsl in meetings conducted outside the Centre. The Trust staff has the authority lo implement corporate strategy, make decisions, respond to consullalions, allocate resources and commit expenditure in accordance with the strategic, budgetary and policy framework sel by the Board. Furthermore, the contribution by a number of volunteers with variety of skills has continued lo enhance the image of the organisalion. The Trustees received no remuneration in respecl lo their services to the Trust. Statsment of trustees responslbllltles The Iruslees, who are also the directors of British Muslim Heritage Centre for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees lo prepare financial slalements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting Policies and Ihen apply them consistenlly., - observe Ihe methods and principles in the Charilies SORP., make judgements and estimates that are reasonable and prudent. and prepare the financial statements on the going concern basis unless it is inappropriale to presume that Ihe charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure thal the financial slatements comply with Ihe Companies Act 2008. They are also responsible for safeguarding the assets of the tharity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
BRITISH MUSLIM HERITAGE CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Audltor The auditors, Xeinadin Audit Ltd (Statutory Auditor), will be proposed for re-appoinlmenl at the forthcoming Annual General Meeling, Report of Ihe trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, and signed on the board's behalf by.. Dlsclosure of inforniation to audltor Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. Mr N Mahmood Trustee Date..
BRITISH MUSLIM HERITAGE CENTRE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITISH MUSLIM HERITAGE CENTRE Opinion We have audited the financial statements of British Muslim Heritage Centre (the 'charity'l for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes lo the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicab18 in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the slate of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, including ils income and expenditure. for the year Ihen ended., have been properly prepared in accordance with United Kingdom Generally Acc8Pt8d Ac¢ounling Practice.. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UKI {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Audiloffs responsibilitias for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of Ihe financial statemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the Iruslees use of the going concern basis of accounting in the preparation of the financial statèments is appropriate. Based on the work we have performed, we have not identified any malerial uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going Lx)ncern for a period of at least bNelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respe to going concern are described In the levanl sections of this report. Other Informallon The other infomation compr5ses the information included in the annual report other than the financial statements and our auditors report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent olhewise explicitly slated in our report, we do not express any form of assurance conclusion thereon. Our responsibility Is to read the other information and, in doing so, conslder whether Ihe other infomiallon is materially inconsislenl wilh the financial slatemenls or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether Ihis gives rise lo a malerial misslatemenl in the financial statements themselves. If, based on the work we have performed, we CnclUde that there is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to report in this regard, Opinlons on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the infomiation given in the trustees report for the financial year for which the financial slalements are prepared, which includes the directors, report and the strategic report prepared for the purposes of company law, is consistent with the financial slatemenls; and the strategic report and the directors, report included within the tTUStees report have been prepared in accordance with applicable legal requirements.
BRITISH MUSLIM HERITAGE CENTRE INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF BRITISH MUSLIM HERITAGE CENTRE Matters on whlch we are requlred to report by exception In the light of Ihe knowledge and understanding of the charity and ils environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors, report included within the truslees report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report lo you if, in our opinion.. adequate accounting records have not been kepi, or relums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and relums,. or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Responslblllties of trustees As explained more fully in the stalemenl of trustees responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial slalements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial slalements that are free from material misstatement, whelher due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Charity's ability lo continue as a going concern, disclosing, as applicable, matters related to going Concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or lo cease operations, or have no realistic allernalive but to do so. Audltorfs respon8lbilities for the audit of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an audilols report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always delect a material misstalemenl when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basls of these financial statements. The extent to which our procedurey are capable of detecting Irregularities, including fraud, is detailed below. Our approach lo idenlfying and assesslng the risks of material misstalemenl in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: the engagemenl partner ensured that the engagement team collectively had the appropriate competence, capabilities and Skills to identify or recognise non-compliance with appllcable laws and regulations; we identified the laws and regulations applicable to the company through discussions wilh directors and other management, and from our commercial knowledge and experience of the sector., we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or Ihe operations of the company, including the Companies Act 2006, taxalion legislation and data protaction, anti-bribery, employment. health and safely legislation; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and idenlified laws and regulations were communicated within the audil leam regularly and Ihe team remained alert lo instances of non-compliance throughout the audit.
BRITISH MUSLIM HERITAGE CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF BRITISH MUSLIM HERITAGE CENTRE We assessed the susceptibility of the company's financial statements lo material misstatement. including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there was susceptibilily to fraud, their knowledge of actual. suspected and alleged fraud- and considering the inlemal controls in place to mitigate risks of fraud and non-compliance wilh laws and regulations. To address the risk of fraud through management bias and override of controls, we: - perfornied analytical procedures to identify any unusual or unexpected relationships-, lesled joumal entries to identify unusual transactions., assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bia$,' and investigated the ralionale behind significant or unusual Iransactlons. In response to the risk of irregularilies and non-compliance with laws and regulations, we designed procedures which included, bul were not limited lo.. agreeing financial slalemenl disclosures lo underlying supporting documentation,. reading the minutes of meetings of those charged with governance; enquiring of management as to actual and polential litigation and claims., and rewewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors. A further description of our responsibilities is available on the Financial Reporting Council's websile at: https.'Il www.frc.org.uklauditorsresponsibiliti8s. This description forms part of our auditorfs report. Use of our report This report is made solely lo the Charitable Company's members, as a body, in accordance with Chapter 3 of Part 16 oflhe Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required lo slate lo them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ihe charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed, Y-m (J4 (Senior Statutory AudStor) For and on behalf of Xeinadin Audit Limited, Statutory Auditor Chartered Accountants Ground Floor, Citygate Longridge Road Preston Lancashire PR2 5BQ United Kingdorn Dale..
BRITISH MUSLIM HERITAGE CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Restrlctsd funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notss Income from: Donalions and legacies Charilable activities 390,235 1,072,950 191,676 581,911 1,072,950 408,871 942,956 406,688 815,359 942,956 Total Income 1,463,185 191,676 1,654,861 1,351,627 406,688 1,758,315 Expendlture on". Raising funds Charitable activities 22,538 1,348,545 22,538 2,423 1,350,968 9,853 898,197 9.853 263,614 1,161,811 Total expendltur8 1,371,083 2,423 1,373,506 908,050 263,614 1,171,664 Net Income 92,102 189,253 281,355 443,577 143,074 586,651 Transfers between funds 214,876 (214,876) Net movement In funds 92,102 189,253 281,355 658,453 (71,802) 588,651 Rèconciliatlon of funds: Fund balances at 1 January 2024 11,256,654 185,786 11,442,440 10,598,201 257,588 10,855,789 Fund balances at 31 December 2024 11,348,756 375,039 11,723,795 11,256,654 185.786 11,442,440 The slalement of financial aclivilies includes all gains and losses recognised in the year. All income and expenditu derive from continuing activities. 10-
BRITISH MUSLIM HERITAGE CENTRE BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets 11 11,447,020 11,516,671 Current assets Debtors Cash at bank and in hand 12 343,794 407,109 220,918 375,320 750,903 596,238 Credltor8: amounts falllng due wlthln one year 13 (153,624) (383,668) Net current assets 597,279 212,570 Total assets less current Ilabilitle8 12,044,299 11,729,241 Credltors: amounts falllng due after more than one year 14 (320,504) (286,8011 Net assets 11,723,795 11,442.440 The funds of the charity Reslricled income funds Unrestricted funds 17 18 375,039 11,348,756 185,786 11,256,654 11,723,795 11,442,440 The financial statements were approved by the trustees on . Mr N Mahmood Trustee Mr F Zahe Trustèe Company registration number 04779177 (England and Wales) 11
BRITISH MUSLIM HERITAGE CENTRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operntlng actlvlties Cash generated from operations 21 206,729 452,023 Investlng activittes Purchase of tangible fixed assets (124,881) (258,821) Net cash u80d In Investing activities (124,881) (258,821) Flnanclng actlvltles Repayment of borrowings (50,059) {13,934) Net ¢ash used in flnancing activitles (50.059) 113,934) Net Increase In cash and cash equlvalents 31,789 179,268 Cash and cash equivalents al beginning of year 376,320 196,052 Cash and ca8h equivalents at end of year 407,109 375,320 12-
BRITISH MUSLIM HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charlty infonnation British Muslim Heritage Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is Brtlish Muslim Heritage Cenlre, College Road, Manchester, Greater Manchester, M16 8BP, United Kingdom. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with Ihe charivs governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Slatemenl of Recommended Practice applicable to charities preparing their aGcDunls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit Entity as defined by FRS 102. The financial statemenls are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statemenls have been prepared on a going concern basis, under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expecl81ion that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees Continue lo adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charftable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of thelr charitable objectives. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explan811on of the nature and purpose of each fund is included in the notes to the financial statements. 1.4 Income All incMIng resources are induded in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with Ihe transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of IncA)me. Income from the restricted grant is recognised when charity has entitlement to the funds, any perfomiance conditions attached lo the grants have been met, il is probable that the income will be received and the amount can be measured reliably and is not defeed. Voluntary income is received by way of grants, donations and gifts and is included In full in the stalement of financial activities when receivable. Grants where entitlement Is not conditional on the delivery of a specific perfomiance by the charity. are recognised when the charity becomes unconditionally entitled to the granl. Donated seNices and facilities are included al the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating funds when Ihey are sold. Income from inveslments is included in Ihe year in which il is receivable. 13-
BRITISH MUSLIM HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles (Continued) 1.5 Expenditure 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 il relates. Expendilure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. Expenditure on charitable activities includes all costs incurred by a charity in undertaking aclivtlies that further its charitable aims for the benefit of its beneficiaries, including those support cosls and costs relating lo the governance of the charity apportioned to charitable aclivilies. Support costs are those costs Sncurred directly in support of expenditure on th8 objects of the charlty and include project management. Support costs indude governance costs. Govèrnance costs include those costs associated with meeting the constitutional and slalutory requirements of the charity and costs linked to the strategic management of the charity. All cosls are allocated to expenditure categories reflecting the use of the resource. Direcl costs attributable to a singlè activity are allocated directly to that activity. Shared costs are apportioned behveen the activities they contribu18 to on a reasonable, justifiable and consistent basis. 1.6 Tanglble Ilxed assets Land and buildings held and used in the company's own activities for productlon and supply of goods or for administrative purposes are slated in the statement of financial position at thelr revalued amounts. The revalued amounls equate lo the fair value al the date of revaluation, less any depreciation or impalrmenl losses subsequently accumulated. Revalualions are Carried out regularly so that the carying amounts do nol materially differ from using the fair value al the date of the statement of financial position. Any revaluation increase or decrease on land and buildings Is credited to the property revaluatlon reserve in 'other SelVes,. Once a revalued propety is sold or retired. any attributable revaluation surplus that is remaining in the propety revaluation reserve is transferred lo retained earnings. No transfer is made from the revaluation reserve to retained eamings unless an assel is derecognised. Plant and equipment. fixtures and fittings and computer equipment are slated al cost less accumulated depreciation and accumulated impairment losses. Depreciation Is recognised so as to write off the cost or valualion of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Plant and equipment Fixtures and fittings Motor vehicles 33 on reducing balance 15 % on reducing balance Enler depreciation rate via SlatDB - ¢d78 Assets held under finance leases are depreclated in the same manner as owned assets. At each balance sheet dale, the company reviews the Carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to deterrnine the extent of the impairment loss, if any. Where it is not possible to eslimale the recoverable amount of the asset, the company estimates Ihe recoverable amount of the cash-generating unit to which the asset belongs. 14-
BRITISH MUSLIM HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Contlnuedl 1.7 Financlal instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost. Financial assets held at amortised Cost comprise cash and bank in hand, trade debtors and other debtors £722,556 (2023.. £573,929). Financial liabilities held at amortised cost comprise all creditors except social security and other taxes £457,760 (2023.. £662,683). Baslc financlal assets Trnde and other debtors Trade and other debtors that are receivable within one year and do not constilute a financing transaction are recorded at the undiscounted amount expected to be received, nel of impairment. Those that are receivable after more than one year or that constitute a financing transaction are re¢orded initially al fair value less transaction costs and subsequently at amortised cost, nel of impairment. Ca8h and cash equlvalents Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short- term highly liquid investments with original maturities of Ihree monlhs or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. Impalrment of flnanclal assets Financial assets are assessed for indicators of impairment at the end of each r8POrting perlod. Financial assets are considered lo be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affecled. For all other financial assets, objective evidence of impairment could include: significant financlal difficulty of th8 issuer or counterparty., or breach of contract, such as a default or delinquency in interest or princlpal payments; or il becoming probable thal the borrower will enter bankruptcy or financial re-organisation., or the disappearance of an active market for that financial asset because of financial difficulties. For certain categories of financial asset, such as trade receivables, assets that are assessed not to be impaired individually are, in addition, assessed for impairment on a collective basis. Objective evidence of impairment for a portfolio of receivables Gould include the company's past experience of collecting payments, an increase in the number of delayed payments in the portfolio past the average credit period of 50 days, as well as observable changes in national or local economic conditions that correlate with default on receivables. For financial assets carried at amortised cost, the amount of the impairment loss recognised is the difference beeen the as5el's carying amount and the present value of eslimated future cash flows, discounted al the financial asset's original effective interest rate. The impairment loss is recognised in profil or loss. For financial assets carried at cost, the amount of the impaiment loss is measured as the difference beeen the asset's carrying amount and the present value of the estimated future cash flows discounled at the ¢urrenl market rate of relurn for a similar financial asset. Such impairment loss will not be reversed in subsequent periods. 15-
BRITISH MUSLIM HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢countlng policies (Contlnuedl The carrying amount of the financial asset is reduced by the impairment loss directly for all financial assets with the exception of trade receivables, where the carrying amount is reduced through the use of an allowance accounl. When a trade receivable is considered uncolleclible, it is written off against the allowance account. Subsequent recoveries of amounts previously written off are Cfediled against the allowance account. Changes in the carrying amount of the allowance account are recognised in profil or loss. For financial assets measured al amortised cost, if, in a subsequent period, the amount of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment was recognised, the previously recognised impairment loss is reversed through profil or loss to the extent that the carrying amount of the investment al the date the impairment is reversèd does not exceed what the amortised cost would have been had the impairment not been recognised. Basic financlal liabilities Trdde and other creditors Trade and olher creditors are inllially recognised at fair value and thereafter stated al amortised cost using the effective interest method unless the effecl of discounting would be immaterial, in which case Ihey are slated al cost. 1.8 Taxatlon The charity is exempt from corporalion tax on its charltable activities. 1.9 Retlrement beneflts The charitable company operates a defined contributlon pension scheme. Conlrlbulions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Income from donations and legacles Unre8trlcted Re8trfcted fund8 funds 2024 2024 Total Unre3tr1¢ted Restricted funds funds 2023 2023 Totsl 2024 2023 Donations and gifts Grants 390,235 390,235 191,676 408,671 408,671 406,688 191,676 406,688 390,235 191,676 581,911 408,871 406,688 815,359 Income from charltable actlvltles Unrestrl¢tsd Unrestricted funds funds 2024 2023 Charitable activlty Income from hire of facilities Income from admission charges and programmes 1,021,824 51,126 901,857 41.099 1,072,950 942,956 16-
BRITISH MUSLIM HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on ralslng funds Unrestricted Unrestrictèd funds funds 2024 2023 Fundraislng and publlclty Advertising Deprecialion and impairment 21,509 475 3,603 21,984 3,603 Tradlng costs Bad debts 554 8,250 Total costs 22,538 9,853 Expendlture on charitable activitles Charitable activity 2024 Charltable actlvlty 2023 Direct Costs Staff costs Depreciation and impairment Rates and water Insurance Light and heat Telephone and computer costs Postage and stationery Sundries Events, exhibitions and festivals Repairs and maintenance Security costs Travelling Costs Accountancy charges Auditors, remuneration Legal and professional fees Bank charges 372,434 194,058 45,049 54,046 131,695 25,670 2.786 10,082 321,517 57,771 1,593 88 332,975 192,575 48,828 47,219 76,140 17,633 8,593 10,681 293,377 42,102 1,821 5,978 li 917 7,200 121,069 4,993 2,257 7,200 72,062 4,572 1,350,968 1,161,811 Analysls by fund Unrestricted funds Restricted funds - general 1,348,545 2,423 898,197 263,614 1,350,968 1,161,811 17-
BRITISH MUSLIM HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2024 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl(crediling): Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 7,200 194,533 7.200 192,575 Trustees Trustees, remuneratlon and benefit8 There were no trustees, remuneration or other benefits for Ihe year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. expenses The charity reimbursed travelling and connected expenses amounting to £NIL (2023.. £NIL>. Employe08 The average monthly number of employees during the year was: 2024 Number 2023 Number Administratlon and support 16 10 Employment co8t8 2024 2023 Wages and salaries Sooial security Costs Other pension costs 342,130 25,254 5,050 310,364 18,296 4,315 372,434 332,975 There were no employees whose annual remuneration was more than £60,000. Company Ilmltsd by guarantee British Muslim Heritage Centre is a company limiled by guarantee and accordingly does not have a share capital. Every member of th& company undertakes to conlribule such amount as may be required not exceedlng £10 lo the assets of the charitable company in the event of ils being wound up while he or she is a member, or within one year after he or she ceases to be a member. 10 Taxatlon The charity is exempt from taxation on ils actimties because all its income is applied for charitable purposes. 18-
BRITISH MUSLIM HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Tanglble flxed assets Freohold land and bulldlngs Plant and Flxturés and gqulpmènt flttlngs Motor vfjhlcles Total Cost Al 1 January 2024 Additions 12,044,543 93,609 233,373 489,009 29,372 12,766,925 124,881 1,900 Al 31 DecEmber 2024 12,138,152 233.373 518,381 1,900 12,891,806 Depreciation and Impalrnient Al 1 January 2024 Depreciation charged in the year 663.079 167,763 224,437 2,949 362,737 23,346 1,250,253 194,533 475 At 31 December 2024 830,842 227,386 386,083 475 1,444,786 Carying amount At 31 December 2024 11,307,310 5,987 132,298 1,425 11,447,020 At 31 December 2023 11,381,464 8,936 126,271 11,516,671 The charity owns the property at College Road, Whalley Range, Manchester. In the oplnion of Ihe trustees, the cost of professionally valuing the property to include a value in the accounts ouelghS the benefits to the users of the accounts. The propety is insured for £35 million which is an estimate of their replacement cost. The renovalion In progress related to the costs incurred in respect of the renovation of the property. 12 Debtorn 2024 2023 Amounts falling due wlthln one year: Trade debtors Other debtors Prepaymenls and accrued income 113,959 201,488 28,347 115,694 78,758 26,466 343,794 220,918 13 Credltors: amounts falling due wlthln one year 2024 2023 Notes Borrowings Other taxation and social security Deferred income Trade creditors Other creditors Accruals 71,500 16,368 3,570 29.186 25,800 7,200 121,559 7,786 18,495 82,328 146,300 7,200 15 153,624 383,668 19-
BRITISH MUSLIM HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2024 14 Creditor8: amounts falllng due after more than one year 2024 2023 Other Creditors 320,504 286,801 Other creditors include an amount invested by an investor for the renovation of rooms in the Heritage building. Th8 amount owed as al 31 December 2024 in relation to this investment and surplus generated from the investment is £320,504 (2023.. £286,801). 15 Defeffed Income 2024 2023 Other deferred income 3,570 18,495 Deferred income is induded in the financial statements as follows.. 2024 2023 Deferred Income is included within: Current liabilities 3,570 18,495 Movements In Ihe year.. Deferred income 8t 1 January 2024 Released from previous periods Resources deferred in the year 18,495 (18,495) 3,570 123,212 (123,212) 18,495 Deferred income at 31 December 2024 3,570 18,495 16 Rètlrement benefit 8cheme8 2024 2023 Deflned contrlbutlon schemes Charge to profit or loss in resped of defined contribution herneS 5,050 4,315 The charity operates a defined contribution pension scheme for all qualifying employees, The assets of the scheme are held separately from those of the charity in an independently administered fund. -20-
BRITISH MUSLIM HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Restricted funds The charity receives specific grants for specific purposes which are restricled. Any such income and associated expenditure is identified separately. Al the year end, the balance in restricted funds £375,039 represents money carry fomard for various restricted projects. At 1 January 2024 Incoming resources Resources expended Transfers At31 December 2024 Donation for new build Domestic Violence Project Manchester Community Safety Partnership's Radequal Grant Project Glass door reception Youth Mental Health Empowerment Inilaitve Donation for toilet repairs Other 9,400 9,400 20,490 22,913 (2,4231 19,150 135,124 19,150 321,680 186,556 8,250 (8,250) 3,470 500 3,470 849 349 185,786 191,676 (2,423) 375,039 21
BRITISH MUSLIM HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Restrictsd funds (Contlnued) Prevlous year: At l January 2023 Incoming Resources resources expended Transfers At31 DeGember 2023 Project for Ladies Focus Groups GMP and BMHC Tackling Hate Crime Project Overseas Greater Manchesler mental health project Donation for new build Donation for staff salaries A 1000 Stories of Sacrifice exhibition Muslim Health Professionals NebNork Reducing Inequalities Project Domestic Violence Projecl Pakistani & Bangladeshi Genomic Medicine Project Manchester Community Safety Partnershlp's Radequal Grant Project Glass door reception Youth Mental Health Empowerment Initaltve Other 5,179 (5,179) 3,315 (3,3151 2,000 91,872 84,567 (2,000) (109,810) (84,567) 17.938 1,555 {1,555) 3,463 6,100 30,000 (3,463) (21,100) {7,087) 15,000 22,913 14.128 (14,126) 14,650 15,000 350.000 {10,500) 19,150 135,124 {214,876) 8,250 500 8,250 349 761 (912) 257,588 406,688 (263,614) (214,876) 185,786 18 Unrestrlctèd lund8 The trustees are free to use unrestricted funds In accordance wilh charitable objectives. At l January 2024 Incomlng resources Resources expended Transfers At31 December 2024 General funds 11,256,654 1,483,185 (1,371,083) 11,348,756 Prevlous year: At 1 January 2023 Incoming Resources resources expended Transfers At31 December 2023 General funds 10,598,201 1,351,627 (908,050) 214,876 11,256,654 -22-
BRITISH MUSLIM HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Analy818 of net assets between funds Unrestricted funds 2024 Restrlcted funds 2024 Total 2024 At 31 December 2024.. Tangible assets Current assetsl(liabilities) Long lerm liabilitiès 11,447,020 222,240 (320,504) 11,447,020 597,279 {320,504) 375,039 11,348,756 375.039 11,723,795 Unrestricted funds 2023 Restrf¢ted funds 2023 Total 2023 At 31 December 2023: Tangible assels Current asselsl(liabilities) Long terni liabililies 11,516,671 26,784 (286,801 > 11,516,671 212,570 1286,8011 185,786 11,256,654 185,788 11,442,440 20 Relatsd party tran8action8 As al 31 December 2024, the charity owed £71,064 (2023.. £121,559) lo trustees and entities connected to the trustees. The loans are interest free, unsecured and payable on demand. Mr Nasar Mahmood, Mr Farroukh Zaheer and Mrs Saima Alvi, trustees of British Muslim Heritage Centre (BMHC) are directors of BMHC SeNices Ltd, a company limited by guarantee, incorporated in England and Wales. British Muslim Heritage Centre is the member of BMHC Sernices Lld. BMHC Services Ltd operates from the premises owned by 8ritish Muslim Heritage Centre and no rent {2023'. £NIL) was paid during the period. BMHC Services Ltd wa5 set up for furthering the fundraising a¢tivities of British Muslim Heritage Centre with all future profits to be donated back to British Muslim Heritage Centre and during the year no donations (2023.. £NIL) was receivable from 8MHC Services Ltd. During the year British Muslim Heritage Centre advanced sum of£NIL (2023 .'£NIL). Manchester Islami¢ Educational Trust (MIET) is related to BMHC because the charity is under common control of the trustees. Al 31 December 2024, MIET owed £187,497 (2023.. £37,497) to BMHC having advanced a further £150,000 during the year. This amount 15 interest free, repayable on demand and classified in debtors due within one year. -23-
BRITISH MUSLIM HERITAGE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Cash generated from operdtions 2024 2023 Surplus for the year 281,355 586,651 Adjustments for: Depreciation and impairmenl of tangible fixed assets 194,533 192,575 Movements in working capltal". (Increase) in debtors (Decrease) in creditors (Decrease) in deferred income (122,87n (131,35n (14,925) (48,3981 (174,0881 (104,7171 Cash generated from operations 206,729 452,023 22 Analy818 of changes In net funds At 1 January 2024 Ca8h flovr4 At 31 D•c•mbor 2024 Cash at bank and in hand 375,320 31,789 407,109 Loans falling due within one year (121,559) 50,059 (71,500) 253,761 81,848 335,609 -24-