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 neI￿OrkIng 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 Se￿iCe 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 a￿1VIlieS.
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 fo￿ard 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 CharIt￿S 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 ne￿orkS, 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 be￿een 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 C￿nclUde 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 inc￿MIng 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 defe￿ed.
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
be￿een 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 be￿een
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 ou￿elghS 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-