REGISTERED CHARITY NUMBER: 1145770 REPORT OF THE TRUSTEES AND FINANCIAL STATEMETrTrs FOR THE YEAR ENDED 31 DECEMBER 2024 FOR MUHAMMADIYAH HOUSE OF WISDOM Luckmans Duckett Parker Limited 1110 Elliott Court Coventy Business Park Herald Avenue Coventry W8St Midlands CV5 6UB
MUHAMMADIYAH HOUSE OF WISDOM CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2024 Pago R6port of the Trustees 1 to 6 R•port of tho Indopendenl Audltors ststom•nt of Flnanclal ActIvI•s 10 Balance Sheet 11 Cash Flow Statom•nt 12 Note8 to tho Cash Flow Statement 13 Notss to tho Flnanclal Statements 14 to 18 Delalled Statement of Financlal Acllvlti08 19
MUHAMMADIYAH HOUSE OF WISDOM REPORT OF THE TRUSTEES for the year ended 31 December 2024 The trustees presenl their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. statement of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019). The Muhammadiyah House of Wisdom (Charitsble Trust) are pleased lo present the annual report and independently examine financial statements of the year and 31st of December 2024 trustees adopted the provisions of thè statement of recommended Practi {20051 accounting standards charities at 2011. It is now been over a year that a new board has been appointed to actively manage the affalrs of the charity on a day-to-day basis. The main task is to fund rai58 for events and help increase the exposure of the charity as previously the charity was very Ilttle-known outslde of it8 immedlate core neOrk of supporters. 2024 was a significant and transformative year for Muhammadiyah House of Wisdom (MHOW). The charity built upon its long-standlng record of delivèring Islamic educational programs, Interfaith engagement. and communlty support, whlle also securlng a pemlanent base for Its future operations through the purchase of new building in Bolton. This acquisition marks one of the mosl Important developments In the charlty's hlstory and estsblishes lasting foundation for future generations. OBJECTIVES AND ACTlVtriES ObJ6ctlves and alms Introductlon The Global Peace Mission (GPMI is a brand inltiative under MHOW our charltable organisation dedicated to promoting peace, underslandlng, and harmorby across the world through Its Comprehensive dawah (Islamic outreach} programs. Our mission is to foster a global community where the values of tol8ran¢e, compassion, and mutual respect are upheld. This report outlines our afft)rts, methodologies, and impacls through various seminars and workshop5 deslgned to spread the message of peace. Misslon and Vlsion Mlsslon To promote peace, mutual understandlng. and spiritual upliftmant by educating people through authenti Islamic teachings and communlty outreach, with a focus on love and peace, Vlslon To create a harmonious society where indSviduals of all backgrounds coexist wlth compasslon. respect. and shared moral values. Page 1
MUHAMMADIYAH HOUSE OF WISDOM REPORT OF THE TRUSTEES for the year ended 31 December 2024 OBJECTIVES AND ACTIVITIES Significant activlties Our Dawah-rel8ted programs are structured around interactive seminars and workshops that Cater to diverse audiences worldwide. These programs aim to educate indivlduals about the peaful teachings of Islam, dispel misconceptions, and encourage dialogue and understanding. Key Components of Our Dacha Programs 1: Educational Semlnars Objectlve To provide clear. accessible Islamlc education root8d In peace, jusllce, and spiritual development. 2024 Hlghllghts: -Delivered regular semlnars, workshops, and study cirdes across th& UK -Held youth-focused programmes covering identity. conduct, and personal development. -conducted famlly and adult education sessions addressing splrituality, well-being, and character refinement. -supported local mosques and community ¢entres with guest lectijres. Q&A sessions, and thematic workshops, Includlng Interfaith events. These sessions reached a broad demographic, including youth groups, famill8s, professlonals, and community leaders. 2." Communlty Engagement Objectlve: MHOW ry)ntinued its commltment to grassroots communty support and relationshipu1ldIng. AGhievernents: -Aclive involvement in community events across Manchester, Bolton, Hyd8, Birmingham, London. and Leeds. -Deliver8d sessions lailored to the needs of local residents. including mentoring, family support, and spirltual guldance. -strengthened partnerships with Socal organisalions to address community challenges and promot8 sharad values. 3: Inlerfalth and Partnershlps Work Objectlve: MHOW further developed its work with interfaith groups and organlsatlons committed to sodal harmony. 2024 Actlvltles: -Particlpated in Interfaith dialogue sesslons and community peace events. -Contribut8d to joint workshops with faith leaders on topics of coexistence, common values, and societal wellbelng. These efforts helped dispel misconceptions and promote mutual respect. 4: International Outreach - The Global Peace Mlsslon Objective: The Global Peace Mission remained a key long-temi initiative. 2024 Progross.. -Delivered seminars and community visits in Africa & Europe. -Established d8eper Intemational partnerships wilh scholars, community groups, and yOLrth organi5ations. -Initiated planning for larger-scale peace and education tours in 2025 and beyond. International activities helped 8nhance global understanding of Islam's teachings on peace, compassion, and moral conduct. Page 2
MUHAMMADIYAH HOUSE OF WISDOM REPORT OF THE TRUSTEES for the year ended 31 December 2024 ACHIEVEMENTS AND PERFORMANCE Charitable activitles Impact and Achievements Purchase of the Bolton Comrnunlty Centre One of the rnost significant achievements of 2024 was the acquisillon of a permanent building in Bolton. This building will seNe as the charity's flagshlp communlty hub, enabling long-tenn seTvice delN8ry and outreach. Planned Features: Youth and Adult Servlces -D8dicated classroom5 -Semlnar and workshop spaces -Couns6lling and mentoring rooms -Chara¢ter development and wellbeing programs Communlty Support Fa¢llhle$ -Trainlng rooms -Meetlng spaces -Multtspurpose halls for local activities UK'S Flrst Islamlc Vlrtual Reallty Contra A ploneering initiative intended to: -Provide imrnersive VR experiences of Islamic hlstory and splritual Joumeys -support schools. youth organisations, and famili8S With engaglng éducatlonal tools -Become a nallonal attraction promotlng understandlng of Islamic heritage Thls centre wlll posltlon Bolton as a18ading hub for Innovativ8 Islamic education In the UK. Key Impa¢t Areas: -Incre8sed number of seminars and engagements dalivered asS the UK. -Str8ngthened community rèlations and support slruclures. -Enhanced interfaith cooperation and public understandlng. -Secur8d long-term physlcal infrastructure through the Bolton centre purchase. -Improved organlsational capaclty through planning and structured development work. While MHOW'S digital and online outreach remains in early development. steady progress was mad8 to prepare for future growth in thls area. Page 3
MUHAMMADIYAH HOUSE OF WISDOM REPORT OF THE TRUSTEES for the year ended 31 December 2024 ACHIEVEMENTS AND PERFORMANCE Internal and exlernal factors Challenges and Solutlons Resource Limltations -challenge: Limited staff and volunteer capacity to meet growing demand. diverse audiences, -solution: Active volunleer recruitment and strengthened partnerships. Venue and Operatlonal Constraints -challenge: Prior to purchasing the Bolton building, the charity relied on rented spaces. -solution- Acquisition of the dedicated centre resolves this long-term constraint. Cultural Mlsundarstandings -Chall8nge: Persistent misconceptlons about Islam In wld8r so¢lety. -Solutlon: Consistent educational programs. interfaith dialogue, and community 8ngagement. nitiatives. FUTURE PLANS Dovelopmant of thè Bolton Communlty Centr8: -Intemal refurbishment and fit-out -Installalion of the VR centr8 -Launch of regular weekly programs and communlty Services Expansion of UK Semlnars: -Extended Effortless Worship and spiritual development program8 -more stnjctured youth initiatives Strengthenlng Interfalth Relatlons: -Larger-scale dialogue events -Expanded partnershlp work Growth of International Peace Work -south Afrlca Peace Mission 2025 -Furth8r tours across Europe and selected global regions Conclusion 2024 was a year of consolidation, expansion, and historic progress for MHOW. Through contlnued educatlon, community support, interfaith cooperation, and the acquisition of a permanent community centre. the charity Is now posltioned to deliver grealer benetlt to the public for many years to come. The Trustees exprass their gratitude to supporters. volunteers. and partners whose contributions rnade this yearfs achievements possible. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by Its goveming document. a deed ot trust and con5titules an unincorporated charty. Charity constitullon Muhammadiyah House of Wisdom is a registered charlty, number 1145770. and is constituted undar the Trust Deed dated 20th October 2002 as amended dated 27th January 2012 Page 4
MUHAMMADIYAH HOUSE OF WISDOM REPORT OF THE TRUSTEES for the year ended 31 December 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1145770 Piincipal address Montgomery House 81 Bark Street Bolton BL1 2AX Trustees A M Anees G Hussain M G K Choudhury S Islam M Nawaz Z Majid (appointed 20.11.241 Ms S A Hussain (appointed 20.11.24) Auditors Luckmans Duckett Parker Limited 1110 Elliott Court Coventry Business Park Herald Avenue Coventry West Midlands CV5 6UB STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial slatements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the trustees must not approve the financial statements unless they are satisfied that they 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 charity for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and lo enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity {AGGounls and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the Gharity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5
MUHAMMADIYAH HOUSE OF WISDOM REPORT OF THE TRUSTEES for the year ended 31 December 2024 Approved by order of Ihe board of trustees on 30 December 2025 and signed on its behalf by.. Z Majid - Trustee Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF MUHAMMADIYAH HOUSE OF WISDOM Opinion We have audited the financial slalements of Muhammadiyah House of Wisdom (the 'charity') for the year ended 31 December 2024 whlch Comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, Induding a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charivs affairs as at 31 December 2024 and of its incoming resources and application of reSoUrs, for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Charltles Act 2011. Ba$ls for oplnlon We conducted our audit in accordance with International Standards on Aud6tlng (UK) {ISAs (UK)) and appllcable law. Our responsibilitles under those standards are further described in the Auditors, responsibllities for the audit of the financial statements section of our report. We are Independent of the chBrity in accordance wllh the ethical requirements that are relevant to our audlt of the financial slatements in the UK, Including the FRC'5 Ethical Stsndard, 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 approprtate to provlde a basls for our opinion. Conclusions relating to golng concem In auditing the financial statements, we have concluded that the tru5te8s' use of the going concom basis of accounting in the preparatlon of the flnanclal statement5 is appropriate. Bas8d on th8 work we have p8rform8d, we have not identified any material uncertalnties relatlng to event5 or conditions that, Indlvidually or collectlvely, may cast significarbt doubt on the charity's ability to continue as a going concern for a period of at least e1Ve month5 from when Ihe financial statements are authorlsed for issue. Our responslbilities and the responslbilllles of the trustees with respect to going concern are described in the relevant sections of this report. Other inlormation The Irustè6s are responslble for the other Infomatlon. The other 5nformatlon comprlses the information induded in the Annual Report, other than the financial statements and our Report of the Independent Auditors th8r60n. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicltly stated In our report, we do not 6xpress any form of assurance conclusion thereon. In conn8Ctlon with our audit of the financial statements, our responsibility is to read the other information and, In doing so, consider whether the other information is materlally inconsistent with the financial statements or our knowledge obtained in the audit or olherwise appears to be materially misstated. If we identsfy such materlal inconslstencies or apparent material misstatements, we are required to determine whether this gives rise lo a material misstatement in the flnancial statements themselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to report In thls regard. Matters on whlch we are requlred to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 r8qulres us to report to you if, in our opinion- the information given In the R8port of the Trustees is Inconsistent in any material respect with the financial ststetnents: or sufficient accounting records have not been kept., or the financial statements are not in agreement with the accountlng rewrds and relums,. or we have not received all the information and explanations we require for our audit. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF MUHAMMADIYAH HOUSE OF WISDOM Responsibilities of trustees As 6xplaSned more fvlly In the Statemènl of Trustees, Responsibilities, the trustees ar& responsiblè for the preparation of the financial statements which give a true and fair view, and for such internal control a5 the trustees determlne is necessary to enable the preparalion of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, th8 trustees are responsible for assessing the ¢hariVs ability to continue as a going concern, disclosing. a5 applicable, matters related lo going conrn and using the going concem basis of accounting unless the trustees either intend to liquidate the charity or to ceas8 operations. or have no realistic alternative but to do so. Our responslbilitles for the audlt of the flnancial statements We have been appointed as auditors under Section 144 of the Charitie5 Act 2011 and pOrt In accordance wlth the Act and relevant regulatlons made or having effect thereunder. Our objectives are to obt8ln reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or 8rror, and lo issue a Report of the Independ8nt Auditors that includes our opinlon. Reasonable assurance is a high level of assurance, but is nol a guarantee Ihat an audlt conducted in accordance with ISAS {UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, indivldually or in the aggregate, they could reasonably be expecled to Influence the economic decisions of users taken on the basis of these financial stat8m8nts. The extent to whlch our procedures are c8P8ble of detectlng Irregularltl8s, Including fraud is detalled below: Our approach lo deslgnlng audit procedures by tailoring and directlng testing to aid and support the determined level of risk. In response, the procedures we perform to determine the level of risk Include: reference to history and experience of the Entity,. and - enquiry of management, Including obtalning and revlewSng supportlng documentation conceming the Entlty's procedures relatsng to.. - id8ntifying and complying wlth laws and regulations and whether they were aware of any instances of non-complianea; and detection and response to risk of fraud and whether they were aware of any actual or suspecled instances of fraud., and assassment of the controls and Processes that the Entity has in Pla to mitigate risk. Our assessments includ8d the identification of the following Potential areas for fraud, - management overrfde of control; and - revenue recognitlon These procedures, and the extent to which they are capable of detecting irregularitl8s, Including fraud, are detsiled below- critically assessed the approprlateness and testing th8 appllcatlon of the revenue and cost recognStion policies., and - testing the appropriateness of accounting estimates, journals and other adjustments made in the preparation of the financial statements., and r8Vi8wing the Enlittys accounting policies for non-compliance with relevant standards. and - making enqulries of management and reviewing correspondence with the r818vant authorities to identify any irregularities or instances of non-compliance with laws and regulations. In performing an audit in accordance wlth UK GAAP. we exercise professional Judgement and malntsin professional sceplicism throughout th8 audit process. The risk of not detecting a materlal misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve ¢ollusion or override of intemal Gontrols. There are inherant limitations in the audit procedures performed. A further description of our responsibilities for the audit of the financial statements Is located on the Financial Reporting Council's website at v¥w.frc.org.uklaudltorSre5pQnSlb1lltle5. Thi5 description forms part of our Report of the Independent Auditors. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO ThE TRUSTEES OF MUHAMMADIYAH HOUSE OF WISDOM Use of our report This report is made solely to the charity's Irustees, as a body, In accordance wlth Part 4 of the Charllies (Accounts and Reports) R8gulations 2008. Our audit work has been undertaken so that we might state to the charitys trustees those matters we are required to stat8 to them In an audltors, r8port and for no other purpose. To the fullest 8xtent permttted by law, we do not accept or assume responslbllity to anyone oth6r than the charity and the charity's trusiees as a body, for our audit work, for this report, or for the opinions we have formed. Luckmans Duckett Parker Llmited 1110 Elliott Court Coventry Business Park Herald Avenue Coventy West Midlands CV5 6UB 30 December 2025 Page 9
MUHAMMADIYAH HOUSE OF WISDOM STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024 2024 Unrestricted fund 2023 Total funds Notss INCOME AND ENDOWMENTS FROM Donations and legacies 1,069,981 297,337 EXPENDrruRE ON Raising funds 732,356 177,728 Charltable adlvltie9 Govemance cost 5,653 6.671 Total 738,009 184,399 NET INCOME 331,972 112,938 RECONCILIATION OF FUNDS Total funds brought fonvard 235,179 122.241 TOTAL FUNDS CARRIED FORWARD 567,151 235,179 The notes form part of these financial stat8ments Page 10
MUHAMMADIYAH HOUSE OF MSDOM BALANCE SHEET 31 December 2024 2024 Unrestrlcted fund 2023 Total funds Not8S FIXED ASSETS Tangible assets 292,419 CURRENT ASSETS Cash at bank and in hand 279,391 238.678 CREDITORS Amounts falling due wlthln one year (4,659) (1,499) NET CURRENT ASSETS 274,732 235,179 TOTAL ASSETS LESS CURRENT LIABILITIES 567.151 235,179 NET ASSETS 567.151 235.179 FUNDS Unrestrlcted funds 10 587,151 235,179 TOTAL FUNDS 567,151 235.179 The financial statem8ntS W8r8 approved by th8 Board of Trust88s and authorlsed for ITJ5ue on 30 Dacember 2025 and were slgned on Its behalf by: ajid - Trustee The notes form part of Ihese financlal statements Page11
MUHAMMADIYAH HOUSE OF WISDOM CASH FLOW STATEMENT for the year ended 31 December 2024 2024 2023 Notes Cash flows from operating activities Cash generated from oper8tions 335,132 113.437 Net trash provlded by operating activltles 335,132 113.437 Cash flows from Investlng actlvltles Purchase of tangible fixed assets (292.419) Nat cash (used inyprovided by investing activltles (292.419) Change In cash and ca8h oqulvalents In tho reportlng porfod Cash and cash equlvalents at the beglnnlng of the reportlng perlod 42,713 113,437 236.678 123,241 Cash and cash equlvalent8 at the end of the reportlng perlod 279.391 236,678 The notes form part of these financial statements Page 12
MUHAMMADIYAH HOUSE OF MSDOM NOTES TO THE CASH FLOW STATEMENT for the year ended 31 December 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the reporting period (as per the Statement of Flnancial Activltles Adjustmenls for: Increase in creditors 331,972 112,938 3.160 499 Net cash provldgd by operations 335,132 113.437 ANALYSIS OF CHANGES IN NET FUNDS At 1.1.24 Cash flow At31.12.24 Nat ca8h Cash at bank and in hand 236.678 42.713 279,391 236,678 42,713 279,391 Totsl 238,878 42,713 279,391 The notes fomi part of these financial statements Page 13
MUHAMMADIYAH HOUSE OF VVISDOM NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the financial statemonts The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordan with the Charities SORP (FRS 102} 'Accounting and Reporting by Charlties: statement of Recommended Practice applicabl8 to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) (affgctive 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial slatements have been prepared under the historical cost convantion. Income All income is recognisad in the Statement of Financial Acllvities once the charity has entlement to the funds, it is probable that the Income will be received and the amount can be measured reliably. Expenditur8 Llabilities are recognlsed as expenditur8 as soon as there is a legal or constructive obligation committing the charity to that èxpenditure, it is probable that a transfer of economic benefrts will be r8quired In settlement and the amount of the obligation can be maasured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category, Where costs cannot b8 directly attributed to particular headings they have been allocated to actlvilies on a basis consistgnt with the use of resources. Tangible flxad assets Depreclation is provided at the following annual rates in order to wrlte off each asset over Its estlmat8d useful life. Taxatlon The charity is exempt from tax on its charltable activlties. Fund accountlng Unrestricted funds Can be used in accordance with the charitable oblectlves at the dlscretion of the trustees. Restricted funds can only be used for partlcular restricted purposes within the objects of the charlty. Restricllons arfse when specified by the donor or wh8n fvnds are ralsed for particular restricted purposes. Further explanation of the nature and purpose of each fund Is Included in the notes to the financial statement5. DONATIONS AND LEGACIES 2024 2023 Donations 1,069,981 297,337 Page 14 continued...
MUHAMMADIYAH HOUSE 0FSDom NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024 RAISING FUNDS Raising donations and legacles 2024 2023 Rates and water Charitable Activities Support costs 673 722,274 9,409 177,728 732,356 177,728 CHARITABLE ACTIVITIES COSTS Support costs {see note 5) Dlrect Costs Totals Governance cost 392 5,261 5,653 SUPPORT COSTS Govemance costs Management Finance Totals Ralslng donatlons and legacles Governance c05t 5,080 240 308 21 4,021 5,000 9.409 5.261 5,320 329 9,021 14,670 TRUSTEES. REMUNERATION AND BENEFITS There wer8 no trustees. remunèrallon or other benefrts for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustee8' expenses There were no trustees, exp8nses pald for the year ended 31 Dec&mb8r 2024 nor for the year end8d 31 December 2023. COMPARATNES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacles 297.337 EXPENDITURE ON Raising funds 177.728 Charftable activltles Governan cost 6,671 Total 184,399 NET INCOME 112.938 Page 15 continued...
MUHAMMADIYAH HOUSE OF WISDOM NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ended 31 December 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestrtcted fund RECONCIUATION OF FUNDS Total fund5 brought forward 122,241 TOTAL FUNDS CARRIED FORWARD 235,179 TANGIBLE FIXED ASSETS Freehold prop8ty COST Additions 292.419 NET BOOK VALUE At 31 December 2024 292,419 At 31 December 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 other creditors 4,659 1,499 10. MOVEMENT IN FUNDS Net movement In funds At 31.12.24 At1.1.24 Unrestricted funds General fund 235,179 331,972 567,151 TOTAL FUNDS 235.179 331,972 567,151 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unre5trfcted funds General fund 1,069.981 (738.009) 331,972 TOTAL FUNDS 1,069.981 (738.009) 331,972 Page 16 continued...
MUHAMMADIYAH HOUSE OF WISDOM NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 Decembar 2024 10. MOVEMENT IN FUNDS - contlnued Comparatives for movement In funds Net movement in funds At 31.12.23 At1.1.23 Unr85trlcted funds Gene1 fund 122,241 112,938 235,179 TOTAL FUNDS 122.241 112,938 235,179 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 297,337 (184,399) 112,938 TOTAL FUNDS 297,337 (184,399) 112,938 A current year 12 months and prior year 12 months comblned position Is as follows.. Net movement in funds At 31.12.24 At 1.1.23 Unrastrfcted funds General fund 122.241 444,910 587,151 TOTAL FUNDS 122,241 444,910 567,151 A curreni year 12 months and prior year 12 months combined net movement in funds, Included in the above are as follows: Incoming resources Resources expended Movement In funds UnreStrIct funds General fund 1,367,318 (922.408) 444.910 TOTAL FUNDS 1,367,318 {922,408) 444,910 Page 17 continued...
MUHAMMADIYAH HOUSE OF WISDOM NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024 11. RELATED PARTY DISCLOSURES Ther8 were no related party transactions for the year ended 31 December 2024. Page18
MUHAMMADIYAH HOUSE OF WISDOM DEfAILEO STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donatlons 1.069.981 297,337 Total Incomlng resources 1,069.981 297,337 EXPENDITURE Ralslng donations and legacles Rates and water Charftable Actlvities 673 722,274 177.728 722.947 177.728 Charltable actlvltles Light and heat 392 Support costs Management Telephone Postage and station8ry Subscription & Insurance 435 4,216 669 396 235 676 5,320 1,307 Finance Bank charg88 329 Governance costs Auditors, remun8ration Legal & professional feès Accountancy 2,500 3,520 3,001 3,400 1,964 9,021 5,364 Totsl resources expended 738,009 184,399 Not income 331.972 112,938 This page does not form part of the statutory financial statements Pag8 19