REGISTERED COMPANY NUMBER: 07914375 (England and Wales) REGISTERED CHARITY NUMBER: 1147462
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
HMC (UK)
Shareef
Statutory Auditors 4 Highlands Court Cranmore Avenue Solihull West Midlands B90 4LE
HMC (UK)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Report of the Independent Auditors | 6 | to | 8 |
| Statement of Financial Activities | 9 | ||
| Balance Sheet | 10 | ||
| Cash Flow Statement | 11 | ||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 18 |
| Detailed Statement of Financial Activities | 19 |
HMC (UK)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
1.The advancement of the religion of Islam, by means of , but not exclusively, the provision of facilities to enable Muslim members of the public to practise the Islamic religion and in particular to enable them to observe the Islamic dietary requirements and laws relating to Halal food;
2.To advance the education of the public by means of, but not exclusively, providing training in matters relating to the Islamic dietary requirements, laws relating to Halal food, food safety and good standards in food hygiene.
Page 1
HMC (UK)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES
Significant activities
The charity carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide benefit to both those who directly engage with them and the wider communities.
Monitoring & Inspecting
The Trustees believe that due to the vast number of issues that exit in the supply chain of Halal foods as well as the non Halal food sector an extensive Inspection and Monitoring system is paramount to be able to bring an effective solution to members of the community. This solution will then allow the Charities objectives to be fulfilled by education the community on the ethics of Halal and its importance and the HMC solution. There have been many offences for example, where butchers have been fined for selling lamb when it was beef, a firm ordered to pay a fine of £144,000 for falsely claiming ingredients to be halal and Aldi mislabelling food as halal but it contained pork.
As a result the Trustees have adopted a unique monitoring system whereby trained auditors oversee the end to end process where Halal foods are being processed instilling confidence into purchases that consumers make. HMC has adopted a complete traceable system whereby HMC Certified products can be tracked back to their origination ensuring that the purchase of Halal foods is clear and in benefit for the consumer.
HMC (UK) also independently monitors over 750 retail stores from butchers, restaurants, takeaways, caterers, and visits each of these stores up to of 4 time a week on a random basis ensuring that these stores are only selling HMC Certified products. This equates to an average of 3000 hours of time spent inspecting to ensure compliance. Each visit is recorded onto the "HMCapp" giving the management team real-time information as to the outcome of each audit. HMC has made 144,000 visits to 750 retail stores over the course of the year.
HMC (UK) currently monitors 75 schools where both the parents and children can have the confidence in knowing that the school meal is monitored and has been prepared with the utmost due care.
Educational Seminars
The purpose of each educational seminars that HMC (UK) organises is to deliver the message of the importance of eating Halal Foods and the work that HMC (UK) does to ensure that all Muslims are given an assured Halal product that has been vetted at all parts of the supply chain. Attendees are also educated on how they can tell the difference between HMC Certified products and non-certified products thus the Muslims and Wider Communities are able to make an informed choice when making a purchase.
Events that have been held by HMC (UK)
Educations Seminar on Provision of eating Halal Foods - Preston Educations Seminar on Provision of eating Halal Foods - East London Educations Seminar on Provision of eating Halal Foods - Leicester
HMC Islamic (Madrassah) Seminaries Programme
HMC has impended an assembly programme for young children that attend Islamic institutes so that they can be well informed of the Islamic responsibility of eating Halal foods as well as the issues that exist in the supply Chain. Many institutes have asked for HMC to attend and deliver this programme and we have started the sessions in Leicester, London, Blackburn
Leaflet Distribution
Attending several Halal food festival and Haal expos allowed the HMC team interact with several stakeholders and educate on the importance of eating Halal food.
Visiting Businesses and educating them on the Halal Standard
Page 2
HMC (UK)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES
HMC (UK) receives several enquiries from businesses who want to know the requirements when processing Halal foods and as a result trained personnel would talk through the Halal process and if requested make a visit and make recommendation.
STRATEGIC REPORT
Financial position
The Charity received income during the year of £2,872,443 (2024 : £2,736,576) and incurred expenditure of £2,740,506 (2024 : £2,681,642). This resulted in a surplus of £131,937 (2024 £54,934). At 31 March 2025 the Charity had reserves of £598,675.
Investment policy and objectives
The charity has no long term investments. Due to the current financial situation of the trust, the trustees acknowledge that the trust is not in a position at this time to invest capital in long term investment opportunities. Cash reserves are held in deposit accounts. The trustees are researching investment opportunities to support their reserves policy and future sustainability.
Reserves policy
The trustees would like to see the trust in a position whereby it would have sufficient reserves to cover the running costs of all trust projects for a period of 12 months. Unfortunately with the current economic downturn, and hence reduction in donations - the current financial position has not permitted the trust to build cash reserves to achieve this objective. However, the trustees remain committed to achieving this policy in the coming year(s).
Financial and risk management objectives and policies
The trustees maintain strict financial and internal controls on behalf of the trust The trust has recently employed a bookkeeper to ensure that all financial transactions are duly recorded and processed in accordance with the financial procedures policy of the trust.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
HMC (UK) is governed by its memorandum and articles of association which outlines the framework and standards that the charity must work to and adopt in terms of decision making as well as internal policies that have been created to bring transparency to way the charity operates.
Recruitment and appointment of new trustees
Should the charity be looking for a new Trustee then the potential candidate is nominated by existing members. The potential candidate is interviewed and appointed to bring value to the core management team ensuring that their skills and knowledge can benefit the charity. All trustees are volunteers who dedicate their time and skills to benefit HMC (UK).
Organisational structure
The charity is managed by a board of trustees who are responsible for the general control and management of the charity. All of the trustees are volunteers and hence give their time freely and receive no remuneration or other financial benefits for their role as trustees.
The Board of Trustees have formal meetings every 10 weeks (approximately) to review the on-going activities of the charity. However, arrangements are in place for trustees to be able to formally discuss and consider issues more frequently as the need arises (eg, via telephone conference). In order to monitor the outcome and progress of certain projects, individual trustees may visit project locations and attend project events during the year.
Page 3
HMC (UK)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees
All new trustees are inducted into the organisation via training program that covers operational, strategic, decision making and future plans which gives the new member an insight into the work of HMC (UK). Being a field based Charity new members are taken into the field to attain a better understanding of all the operational processes which shows the HMC processes in motion so that a clear picture can be attained for all strategic decision making.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07914375 (England and Wales)
Registered Charity number
1147462
Registered office
Units 8 & 9 Leicester Business Centre 111 Ross walk Leicester Leicestershire LE4 5HH
Trustees
Mr Yaseen Esmail Khalifa Director Mr Umar Sheikh Director Mr Sikander Khan Pathan Director
Company Secretary
Auditors
Shareef Statutory Auditors 4 Highlands Court Cranmore Avenue Solihull West Midlands B90 4LE
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of HMC (UK) for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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HMC (UK)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Company 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 company 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company 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 charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Shareef, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 22 December 2025 and signed on the board's behalf by:
Mr Umar Sheikh - Trustee
Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HMC (UK)
Opinion
We have audited the financial statements of HMC (UK) (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, 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 Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements 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 to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection 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 materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HMC (UK)
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements 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 statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to 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 to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial 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 a Report of the Independent Auditors 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 detect a material misstatement 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 basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the Charity and industry, we identified that the principal risks of non-compliance with laws and regulations related to employment laws and taxes, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, FRS 102 and the Charities' SORP. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to achieve desired financial results and the manipulation of exceptional items and management bias in accounting estimates. Audit procedures performed by the engagement team included, but were not limited to: - enquiries with management, and the Company's legal counsel (internal and, where relevant, external), including consideration of known or suspected instances of fraud and non-compliance with laws and regulations and examining supporting calculations where a provision has been made in respect of these; reading key correspondence with regulatory authorities in relation to compliance with certain employment laws and indirect tax matters; - understanding and evaluating the design and implementation of management's controls designed to prevent and detect irregularities; - challenging assumptions and judgements made by management in their significant accounting estimates, in particular, in relation to restricted funds; - identifying and testing journal entries, in particular any journal entries posted with unusual account combinations and postings by unusual users; There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HMC (UK)
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the 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 to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the 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.
Naeem Shareef (Senior Statutory Auditor) for and on behalf of Shareef Statutory Auditors 4 Highlands Court Cranmore Avenue Solihull West Midlands B90 4LE
22 December 2025
Page 8
HMC (UK)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 3 Unrestricted Total EXPENDITURE ON Charitable activities 4 Unrestricted NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 Unrestricted fund £ 2,854 2,869,589 2,872,443 2,740,506 131,937 466,738 598,675 |
2024 Total funds £ 2,370 2,734,206 |
|---|---|---|
| 2,736,576 | ||
| 2,681,316 | ||
| 55,260 411,478 |
||
| 466,738 |
The notes form part of these financial statements
Page 9
HMC (UK)
BALANCE SHEET 31 MARCH 2025
| Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Debtors 11 Cash at bank and in hand CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS/(LIABILITIES) FUNDS 14 Unrestricted funds TOTAL FUNDS |
2025 Unrestricted fund £ 6,320 471,688 548,291 1,019,979 (427,624) 592,355 598,675 598,675 598,675 598,675 |
2024 Total funds £ 7,899 467,194 452,965 920,159 (461,320) 458,839 466,738 466,738 466,738 466,738 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 22 December 2025 and were signed on its behalf by:
Mr Umar Sheikh - Trustee
The notes form part of these financial statements
Page 10
HMC (UK)
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash provided by operating activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 |
2025 £ 100,528 (5,202) 95,326 95,326 452,055 547,381 |
2024 £ 23,189 (4,108) 19,081 19,081 432,974 452,055 |
|---|---|---|
The notes form part of these financial statements
Page 11
HMC (UK)
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement of Financial | |||
| Activities) | 131,937 | 55,260 | |
| Adjustments for: | |||
| Depreciation charges | 1,579 | 1,974 | |
| Interest paid | 5,202 | 4,108 | |
| Increase in debtors | (4,494) | (92,299) | |
| (Decrease)/increase in creditors | (33,696) | 54,146 | |
| Net cash provided by operations | 100,528 | 23,189 | |
| 2. | ANALYSIS OF CASH AND CASH EQUIVALENTS | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Cash in hand | 443 | 671 | |
| Notice deposits (less than 3 months) | 547,848 | 452,294 | |
| Overdrafts included in bank loans and overdrafts falling due within one year | (910) | (910) | |
| Total cash and cash equivalents | 547,381 | 452,055 | |
| 3. | ANALYSIS OF CHANGES IN NET FUNDS |
| At 1.4.24 | Cash flow | At 31.3.25 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 452,965 | 95,326 | 548,291 |
| Bank overdraft | (910) | - | (910) |
| 452,055 | 95,326 | 547,381 | |
| Total | 452,055 | 95,326 | 547,381 |
The notes form part of these financial statements
Page 12
HMC (UK) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured 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 be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
Costs are allocated by the trustees in the SOFA on the basis of accounting principles to correctly reflect expenses in the charity.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance Fixtures and fittings - 20% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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 explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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HMC (UK)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 2. DONATIONS AND LEGACIES Donations 3. INCOME FROM CHARITABLE ACTIVITIES Activity Monitoring Fees Unrestricted 4. CHARITABLE ACTIVITIES COSTS Unrestricted 5. SUPPORT COSTS Unrestricted 6. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Auditors' remuneration Depreciation - owned assets |
Management £ 2,736,756 |
2025 £ 2,854 2025 £ 2,869,589 Governance costs £ 3,750 2025 £ 3,750 1,579 |
2024 £ 2,370 2024 £ 2,734,206 |
|---|---|---|---|
| Support costs (see note 5) £ 2,740,506 |
|||
| Totals £ 2,740,506 |
|||
| 2024 £ 3,750 1,974 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
continued...
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HMC (UK)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 8. STAFF COSTS Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Total No employees received emoluments in excess of £60,000. 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Unrestricted Total EXPENDITURE ON Charitable activities Unrestricted NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 £ 2,211,238 136,981 26,980 2,375,199 2025 145 |
2024 £ 2,110,466 110,112 23,584 2,244,162 2024 148 Unrestricted fund £ 2,370 2,734,206 |
|
|---|---|---|---|
| 2,736,576 | |||
| 2,681,316 | |||
| 55,260 411,478 |
|||
| 466,738 |
continued...
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HMC (UK)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. TANGIBLE FIXED ASSETS
| Plant and machinery £ COST At 1 April 2024 and 31 March 2025 35,298 DEPRECIATION At 1 April 2024 27,735 Charge for year 1,512 At 31 March 2025 29,247 NET BOOK VALUE At 31 March 2025 6,051 At 31 March 2024 7,563 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 13) Trade creditors Tax Social security and other taxes VAT Other creditors Wages control account Pension control Accrued expenses |
Fixtures and fittings £ 2,522 2,186 67 2,253 269 336 2025 £ 468,188 3,500 471,688 2025 £ 910 42,221 18,068 60,071 75,114 7,699 142,318 11,613 69,610 427,624 |
Totals £ 37,820 29,921 1,579 31,500 6,320 7,899 2024 £ 463,694 3,500 |
Totals £ 37,820 |
|---|---|---|---|
| 29,921 1,579 |
|||
| 31,500 | |||
| 6,320 | |||
| 7,899 | |||
| 467,194 | |||
| 2024 £ 910 48,740 18,068 50,679 77,411 7,724 143,532 16,506 97,750 |
|||
| 461,320 |
continued...
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HMC (UK)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
13. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due within one year on demand: Bank overdrafts 14. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.4.24 £ 466,738 466,738 Incoming resources £ 2,872,443 2,872,443 At 1.4.23 £ 411,478 411,478 |
2025 £ 910 Net movement in funds £ 131,937 131,937 Resources expended £ (2,740,506) (2,740,506) Net movement in funds £ 55,260 55,260 |
2024 £ 910 At 31.3.25 £ 598,675 598,675 Movement in funds £ 131,937 131,937 At 31.3.24 £ 466,738 466,738 |
|---|---|---|---|
continued...
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HMC (UK)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 2,736,576 2,736,576 |
Resources expended £ (2,681,316) (2,681,316) |
Movement in funds £ 55,260 |
|---|---|---|---|
| 55,260 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.23 £ 411,478 411,478 |
Net movement in funds £ 187,197 187,197 |
At 31.3.25 £ 598,675 |
|---|---|---|---|
| 598,675 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 5,609,019 5,609,019 |
Resources expended £ (5,421,822) (5,421,822) |
Movement in funds £ 187,197 |
|---|---|---|---|
| 187,197 |
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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HMC (UK)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations Charitable activities Monitoring Fees Total incoming resources EXPENDITURE Support costs Management Wages Social security Pensions Rent,rates and service charge Insurance Telephone Postage and stationery Advertising Sundries Carriage Repairs and maintenance Marketing events Cardless charges Computer expenses Protective clothing Motor and travelling Staff training Legal and professional Donations Bookkeeping fees Materials, labels and tapes Bad debts Plant and machinery Fixtures and fittings Bank charges Governance costs Auditors' remuneration Total resources expended Net income |
2025 £ 2,854 2,869,589 2,872,443 2,211,238 136,981 26,980 29,367 15,351 17,476 1,605 29,615 2,408 6,083 2,652 6,535 7,240 71,973 - 488 495 1,170 200 25,257 127,755 9,106 1,512 67 5,202 2,736,756 3,750 2,740,506 131,937 |
2024 £ 2,370 2,734,206 |
|---|---|---|
| 2,736,576 2,110,466 110,112 23,584 25,942 6,500 17,215 4,908 51,776 2,305 6,125 6,502 12,689 7,240 72,548 1,196 468 573 28,570 25,650 22,500 134,440 175 1,890 84 4,108 |
||
| 2,677,566 3,750 |
||
| 2,681,316 | ||
| 55,260 |
This page does not form part of the statutory financial statements
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