## Hamsayeh International
Report and Accounts Year ended 30 June 2023
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **Hamsayeh International**
## **COMPANY INFORMATION**
## **FOR THE YEAR ENDED 30 JUNE 2023**
## **Trustees**
Patrick Maurice Wright Jonathan Griffith Lewis Rev Mark John Henrik Meynell
## **Company Secretary**
Catherine Clare Arian
**Key Management**
Amir Arian Catherine Clare Arian
## **Governing Document**
Memorandum and Articles of Association dated 2 June 2011
**Company Registration Number Charity Registration Number Registered Office**
07656357
1143577
South Hanwell Baptist Church Boston Road, Corner of Humes Avenue Hanwell London W7 2HJ
## **Independent Examiner**
Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB
## **Bankers**
HSBC Bank plc 46 The Broadway Ealing London W5 5JR
|**Contents**|**Page**|
|---|---|
|Company Information|1|
|Trustees' Annual Report|2-4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Accounts|8-13|
|Detailed Statement of Financial Activities with Comparatives|14|
Page 1
## **HAMSAYEH INTERNATIONAL TRUSTEES' REPORT FOR THE YEAR ENDED 30 June 2023**
The trustees, who are also directors, present their report and accounts for the year ended 30 June 2023.The trustees who served during the period and up to the date of this report are set out on page 1. The accounts have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the charity's memorandum and articles of association, the Companies Act 2006 and the Charities Statement of Recommended Practice (Charities SORP (FRS102)), Financial Reporting Standard 102 (FRS 102) and the Charities Act 2011.
## **Structure, governance and management**
Hamsayeh International is a registered charity and a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 2 June 2011. New trustees are nominated by existing trustees in conjunction with the CEO and Company Secretary.
## **Objectives and activities**
The object of the charity is to demonstrate the Christian faith in action among the persecuted and spiritually needy from Iran, Afghanistan and Tajikistan so that they may know the transforming power of God. The main areas of
activity are: i)Outreach ii)Discipleship iii)Church Mobilisation
In planning the activities the Directors have had regard to the guidance on public benefit issued by the Charity Commission in December 2008.
## **Activities in the year**
## **Outreach**
## **(1) ENGLISH CLASSES**
We continued to offer our English classes provision on Wednesday & Friday mornings (term time only) from the rentable space in Haven Green Baptist church, Ealing. The classes continued to grow this year with approximately 80 on our registers and a reasonable waiting list. Our student body generally was a mixture of asylum seekers and those who were more settled in the area. Over 14 nationalities have been represented, served by a team of 12.
Practical and pastoral expressions of mercy were varied and frequent as we offered friendship and regular communal meals to the student body through the course of the year. Also, in addition to the standard classes taught over 4 levels an additional reading class from a storybook Bible was offered in English. Also, on a Friday about 12 gathered to hear the Scriptures being taught in Farsi.
Page 2
All these activities were ungirded by much prayer, and we saw 3 men be baptised in October 2022 on the profession of their faith in Christ and some others declare Christ as Saviour throughout the year.
## **(2) FARSI FELLOWSHIP**
After much thought and prayer, a monthly Farsi fellowship began meeting in South Hanwell Baptist Church on Sunday afternoons from March 2023.On average 30 attended along with 4 children. After Sunday school was taught & the service completed a meal was shared where further pastoral care could be offered.
## **DISCIPLESHIP**
Hamdam Radio, our internet radio, continued to be a valuable resource as all the content has been specifically tailor-made for the Farsi-speaker. Not only is the Gospel presented in a culturally appropriate way, but discipleship material and a wide array of Christian music and Persian folk songs ensured a varied offering to the listener as it ran 24/7/in Farsi and could be accessed globally. It can be accessed through the website www.hamdam.co where a user-friendly app can be downloaded for ease of listening on the go.
In addition, in partnership with Trinity Community Church, Rusholme, a weekend of Biblical teaching was conducted in Farsi.
## **CHURCH MOBILISATION**
Throughout the year multiple speaking engagements were undertaken and we also exhibited at Bangor Worldwide Missionary Convention and Keswick@ Portstewart. All prayer meetings were held face to face with regularity over the year, including an additional one in Belfast and we still had a couple of ones on Zoom to capture the larger audience.
## **STAFF TEAM**
We welcomed an additional member of staff, Mrs Kirin Kapoor, in May 2023 as she took up the post of Team Coordinator.
## **FUNDRAISING**
It was great to have our annual coffee morning and sing-along fundraisers finally reinstated as all covid regulations were finally relaxed.
## **FINANCIAL REVIEW**
The charity had an overall surplus of £11,537 (2022: £11,763). This comprises a surplus of £9,967 (2022: £11,720) in unrestricted funds and a surplus of £1,570 (2022: £43) in restricted funds after transfers between funds. Unrestricted income of £102,283 was slightly lower than the previous year (2022: £105,536). Unrestricted expenditure of £88,981 was higher than the previous year (2022: £85,850) mainly due to increased efforts to support raise and encourage future partnerships.
## **RESERVES POLICY**
The Directors’ reserves policy is to maintain a free reserve (unrestricted funds excluding any fixed assets or designated funds) of between £10,000 and £20,000 in order to cover both temporary cash fluctuations during the year and the risk of annual deficits since the charity
Page 3
is dependent on donations which are inherently uncertain. The free reserves stood at £95,099 at the year end. While this is significantly above the target level of reserves, it is prudent in the current climate to leave free reserves at this level and will provide cover for the charity in the event of an unexpected drop in income.
## **KEY RISKS AND UNCERTAINTIES**
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
## **RESPONSIBILITIES OF TRUSTEES UNDER COMPANY LAW**
The trustees are responsible for preparing the trustees' annual 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 to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and 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.
## **APPROVAL**
This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:
## **Patrick Wright**
Patrick Wright Trustee Date: 9 March 2024
Page 4
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **Hamsayeh International ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2023 on pages 6 to 14 following, which have been prepared on the basis of the accounting policies set out on pages 8 to 9.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **Sarah Crispin**
Sarah Crispin ACA Institute of Chartered Accountants in England and Wales
Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 11 March 2024
Page 5
## **Hamsayeh International**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 30 JUNE 2023**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
4
**Total expenditure**
**Net gains/(losses) on investments**
**Net income/(expenditure)**
**Transfers between funds**
11
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
11|Unrestricted
Funds
£
102,097
186
102,283
88,981
88,981
-
13,302
(3,335)
9,967
85,132
95,099|Restricted
Funds
£
29,553
-
29,553
31,318
31,318
-
(1,765)
3,335
1,570
11,028
12,598|Total
Funds
2023
£
131,650
186
131,836
120,299
120,299
-
11,537
-
11,537
96,160
107,697|Total
Funds
2022
£
123,033
-|
|---|---|---|---|---|
|||||123,033|
|||||111,270|
|||||111,270|
|||||-|
|||||11,763
-|
|||||11,763
84,397|
|||||96,160|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.
The notes on page 8-13 form part of these accounts.
Page 6
## **Hamsayeh International**
## **BALANCE SHEET**
## **AS AT 30 JUNE 2023**
|Note
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Debtors
7
Cash at bank and in hand
8
**CREDITORS: Amounts falling**
**due within one year**
9
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**TOTAL NET ASSETS**
**FUND BALANCES**
11
Unrestricted Funds
General funds
Restricted Funds|Unrestricted
Funds
£
730
730
9,252
108,886
118,138
(23,769)
94,369
95,099
95,099
95,099
95,099
-
95,099|Restricted
Funds
£
1,161
1,161
-
11,437
11,437
-
11,437
12,598
12,598
-
-
12,598
12,598|Total
Funds
2023
£
1,891
1,891
9,252
120,323
129,575
(23,769)
105,806
107,697
107,697
95,099
95,099
12,598
107,697|Total
Funds
2022
£
1,741|
|---|---|---|---|---|
|||||1,741|
|||||10,763
91,856|
|||||102,619
(8,200)|
|||||94,419|
||||||
|||||96,160|
|||||96,160|
|||||85,132|
|||||85,132
11,028|
|||||96,160|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.
- The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities (a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Directors and were signed on its behalf by:
## **Patrick Wright**
---------------------------------------
Patrick Wright
Date: 9 March 2024
Company number: 07656357
Charity number: 1143577
The notes on page 8-13 form part of these accounts.
Page 7
## **Hamsayeh International**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 JUNE 2023**
## **1 Statutory Information**
The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The principles adopted in the preparation of the financial statements are set out below.
## a) Going concern
The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
- b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
- (i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- ii) The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
## c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
The cost of raising funds was not significant in 2023 and has not been separately disclosed.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
## d) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
Page 8
## **Hamsayeh International**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 JUNE 2023**
## **2 Accounting Policies (cont.)**
## e) Tangible fixed assets
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
Radio Studio equipment Over 4 years Office equipment Over 4 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
## f) Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
## g) Taxation
The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
## h) Financial instruments
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
## i) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
## j) Critical accounting estimates and areas of judgement
The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
## **3 Donations and legacies**
|**ations and legacies**|||
|---|---|---|
|Donations of cash and similar
Income tax recoverable|2023
£
123,431
8,219
131,650|2022
£
115,094
7,939|
|||123,033|
Page 9
## **Hamsayeh International**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 JUNE 2023**
## **4 Charitable expenditure**
|**a**
**Costs incurred directly on specific activities**
Salaries, travel and expenses
Ministry & Pastoral exp
Volunteer expenses
Awareness & Publicity
Property costs
IT & equipment
Grants payable (note 4c)
**b**
**Costs incurred on support & administration**
Governance costs
Office costs
Depreciation of tangible fixed assets
Insurance
**Total expenditure**|2023
£
64,680
14,835
3,061
16,937
5,582
3,536
108,631
4,447
113,078
2,777
2,980
823
641
7,221
120,299|2022
£
55,515
12,977
2,089
4,764
7,024
7,143|
|---|---|---|
|||89,512
13,521|
|||103,033|
|||2,638
1,044
3,555
1,000|
|||8,237|
|||111,270|
The fee payable to the independent examiner for preparing and examining the accounts was £1,590 (2022: £1,500); in addition the charity paid (2022: £925) to Stewardship for payroll bureau and consultancy services.
## **c Grants payable**
|Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty
The charity's principal grants to institutions comprised:
Doulous Church
Christ's Love Persian Ministry (via Allegro)|Institutions
£
-
-
-
Institutions
£
4,204
9,317
13,521|Individuals
£
-
4,447
4,447
Individuals
£
-
-
-
2023
£
-|2023
£
-
4,447|
|---|---|---|---|
||||4,447|
||||2022
£
4,204
9,317|
||||13,521|
||||2022
£
5,113
8,408|
||||13,521|
## **5 Analysis of staff costs, the cost of key management personnel and trustee remuneration**
The average monthly number of employees during the year was 4 (2022:4). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
During the year key management received employment benefits totalling £45,161 (2022: £40,611).
No trustees received employment benefits in either the current or preceding year.
Page 10
## **Hamsayeh International**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 JUNE 2023**
## **6 Tangible fixed assets**
|Cost
At 1 July 2022
Additions
Disposals
At 30 June 2023
Accumulated depreciation
At 1 July 2022
Charge for the year
Eliminated on disposal
At 30 June 2023
Net book value
At 30 June 2023
At 30 June 2022
**Debtors**
**Falling due within one year:**
Tax recoverable
Other debtors
**Cash at Bank and in Hand**
Cash at bank with immediate access
**Creditors: liabilities falling due within one year**
Other creditors
Accruals
Grant obligations|Radio
Studio
equipment
£
14,450
-
-
14,450
12,709
580
-
13,289
1,161
1,741|Office
equipment
£
3,505
973
(969)
3,509
3,505
243
(969)
2,779
730
-
2023
£
9,252
-
9,252
2023
£
120,323
120,323
2023
£
19,859
3,910
-
23,769|Total
2023
£
17,955
973
(969)|
|---|---|---|---|
||||17,959|
||||16,214
823
(969)|
||||16,068|
||||1,891|
||||1,741|
||||2022
£
10,575
188|
||||10,763|
||||2022
£
91,856|
||||91,856|
||||2022
£
125
1,577
6,498|
||||8,200|
## **7 Debtors**
## **8 Cash at Bank and in Hand**
- **9 Creditors: liabilities falling due within one year**
Page 11
## **Hamsayeh International**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 JUNE 2023**
## **10 Pension commitments**
During the year employer’s pension contributions totalling £2,954 (2022: £1,971) were payable to defined contribution personal pension schemes. £1,874 pension contributions were owing at the balance sheet date.
## **11 Funds**
During the year the movements in the charity's funds were as follows:
|_Designated Funds_
Training & Discipleship Fund
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Media Fund
Resources Fund
Relief Fund
English Classes
Aggregate of funds|Opening
balance
2023
£
-
-
85,132
85,132
-
9,118
1,910
-
11,028
96,160|Incoming
resources
2023
£
-
-
102,283
102,283
1,197
13
1,079
27,264
29,553
131,836|Outgoing
resources
2023
£
(476)
(476)
(88,505)
(88,981)
(3,992)
(291)
(3,529)
(23,506)
(31,318)
(120,299)|Transfers
in the year
2023
£
476
476
(3,811)
(3,335)
2,795
-
540
-
3,335
-|Gains and
losses
2023
£
-
-
-
-
-
-
-
-
-|Closing
balance
2023
£
-|
|---|---|---|---|---|---|---|
|||||||-
95,099|
|||||||95,099|
|||||||-
8,840
-
3,758|
|||||||12,598|
|||||||107,697|
The transfers referred to above were made to offset deficit balances on restricted & designated funds using general unrestricted funds.
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|**ysis of net assets by fund**
assets and liabilities of the various funds were as follows:||||
|---|---|---|---|
|Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year|General
Designated
funds
funds
£
£
730
-
9,252
-
108,886
-
(23,769)
-
95,099
-
Unrestricted Funds|Restricted
funds
£
1,161
-
11,437
-
12,598|2023
£
1,891
9,252
120,323
(23,769)|
||||107,697|
Page 12
## **Hamsayeh International**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 JUNE 2023**
## **11 Funds (cont.)**
In the previous year the movements in the charity's funds were as follows:
|_General Unrestricted Funds_
_Restricted Funds_
Media Fund
Resources Fund
Relief Fund
Aggregate of funds|Opening
balance
2022
£
73,412
1,731
9,254
-
-
10,985
84,397|Incoming
resources
2022
£
105,536
568
-
16,929
-
17,497
123,033|Outgoing
resources
2022
£
(85,850)
(10,265)
(136)
(15,019)
-
(25,420)
(111,270)|Transfers
in the year
2022
£
(7,966)
7,966
-
-
-
7,966
-|Gains and
losses
2022
£
-
-
-
-
-
-
-|Closing
balance
2022
£
85,132|
|---|---|---|---|---|---|---|
|||||||-
9,118
1,910
-|
|||||||11,028|
|||||||96,160|
## **Analysis of net assets by fund**
In the previous year, the assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year||General
Designated
funds
funds
£
£
-
-
10,763
-
76,071
-
(1,702)
-
85,132
-
Unrestricted Funds|Restricted
funds
£
1,741
-
15,785
(6,498)
11,028|2022
£
1,741
10,763
91,856
(8,200)|
|---|---|---|---|---|
|||General
funds
£
-
10,763
76,071
(1,702)
85,132|||
|||||96,160|
The Media Fund is used to purchase equipment to ensure the development and running of Hamdam Radio and ensuring the studio is fit for purpose.
The Resources Fund is for the purchase, development and distribution of Farsi literature.
The Relief Fund was created to help Farsi speakers who are suffering practically. In 2021-22, it helped asylum seekers in Greece and the UK. In 2022-23, it was used mainly to support a local church in Greece, Christ's love Persian Ministry in their efforts to engage asylum seekers with the Gospel.
The Training & Discipleship Fund supports believers outside of the UK.
The English Classes Fund is for costs associated with running English classes.
## **12 Transactions with related parties**
Except as disclosed in note 5 'Analysis of staff costs', there have been no other transactions with related parties during the year.
## **13 Members**
Each member of the company commits to contribute if the charity is wound up an amount of £10.
Page 13
## **Hamsayeh International**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 30 JUNE 2023**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
4
**Total Expenditure**
**Net gains/(losses) on investments**
**Net income/(expenditure)**
**Transfers between funds**
11
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
11||General
Designated
2023
2023
£
£
102,097
186
102,283
-
88,505
476
88,505
476
-
13,778
(476)
(3,811)
476
9,967
-
85,132
-
95,099
-
Unrestricted funds|Restricted
2023
£
29,553
-
29,553
31,318
31,318
(1,765)
3,335
1,570
11,028
12,598|Total
2023
£
131,650
186
131,836
120,299
120,299
-
11,537
-
11,537
96,160
107,697|||General
Designated
2022
2022
£
£
105,536
-
-
105,536
-
85,850
-
85,850
-
-
19,686
-
(7,966)
-
11,720
-
73,412
-
85,132
-
Unrestricted funds|Restricted
2022
£
17,497
17,497
25,420
25,420
(7,923)
7,966
43
10,985
11,028|Total
2022
£
123,033
-
123,033
111,270
111,270
-
11,763
-
11,763
84,397
96,160|
|---|---|---|---|---|---|---|---|---|---|
Page 14