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2024-06-30-accounts

Hamsayeh International

Report and Accounts Year ended 30 June 2024

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

Hamsayeh International

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2024

Trustees Patrick Maurice Wright
Jonathan Griffith Lewis (resigned 20th January 2025)
Rev Mark John Henrik Meynell
Dr Michael Scott (appointed 24 June 2024)
June Farrant (appointed 24 June 2024)
Rev John Alexander Kirkpatrick (appointed 24 June 2024)
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 07656357
Charity Registration Number 1143577
Registered Office 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 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-14
Detailed Statement of Financial Activities with Comparatives 15

Page 1

HAMSAYEH INTERNATIONAL

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 June 2024

The trustees, who are also directors, present their report and accounts for the year ended 30 June 2024. 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 and 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 11 nationalities were represented (majority Iranian), served by a team of 12. Two new volunteer teachers joined us in April 2024.

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

Page 2

year. Also, in addition to the standard classes taught over 4 levels an additional reading class from a storybook Bible was offered in English.

(2) FARSI FELLOWSHIP

The monthly Farsi fellowship which began in March 2023 still was well attended with about 30 at the worship service at South Hanwell Baptist church on Sunday afternoons. In addition, a Sunday school took place for the 4-7 children who came along and the afternoons were finished off with a communal meal where further pastoral care and prayer was offered.

(3) FARSI FRIDAY

This new initiative was launched in March 2024 and operated on a Friday evening from the premises in Haven Green Baptist Church, Ealing. The rationale behind such a venture was to offer a safe place where Farsi- speakers could enjoy an evening full of games, food, each other’s company and teaching from the Scriptures. Approximately 40 normally attended including 4-8 children of primary school age.

(4) ONE OFF EVENTS

A combined NOOROZ (Persian New Year) and EASTER event was held in March 2024 where 60 Farsi speakers gathered in for an amazing evening. The feedback was so positive, and as a result some started attending the fellowship and Friday nights.

DISCIPLESHIP

HAMDAM COURSE

This 12-week exploratory course happened a couple of times over the course of the year, once in the autumn on Zoom where 61 registered from all over the UK and face to face as part of the Farsi Friday event.

We rejoice that we had 7 Iranians baptised on profession of their faith in Christ at South Hanwell Baptism church in November and 1 more at a partner church, Trinity Community Church, Rusholme in January 2024.The majority had completed the Hamdam course at least once.

HAMDAM RADIO

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.

Page 3

CHURCH MOBILISATION

SPEAKING OPPORTUNITES

Throughout the year multiple speaking engagements were undertaken as well as exhibiting at Bangor Worldwide Missionary Convention and Keswick@Portstewart. This year we were the featured ministry @ Keswick leading to our profile being raised further in Northern Ireland.

SUPPORT GROUPS

Currently we have 7 support groups who gather regularly to pray for Hamsayeh and in addition a number are also run by zoom from London to capture a wider audience.

FUNDRAISING

Our two main fundraisers for the year were our Coffee morning and Singalong (organised by our Broughshane and Ballymena support groups respectively). The numbers at both just keep on growing.

FINANCIAL REVIEW

The charity had an overall surplus of £8,381 (2023: £11,537). This comprises a surplus of £12,018 (2023: £9,967) in unrestricted funds and a deficit of £3,637 (2023: £1,570 surplus) in restricted funds after transfers between funds. Unrestricted income of £164,235 was higher than the previous year (2023: £102,283). Unrestricted expenditure of £142,943 was also higher than the previous year (2023: £88,981) 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 £50,000 in order to cover both temporary cash fluctuations during the year and the risk of annual deficits since the charity is dependent on donations which are inherently uncertain. The free reserves stood at £107,117 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 trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Page 4

RESPONSIBILITIES OF TRUSTEES UNDER COMPANY LAW

statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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. 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:

P.M.Wright P.M.Wright (Mar 11, 2025 16:42 GMT)_______

Patrick Wright Mar 11, 2025 Date: __

Page 5

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 2024 on pages 7 to 15 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 10.

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 (Mar 12, 2025 10:49 GMT)

Sarah Crispin ACA Institute of Chartered Accountants in England and Wales

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Mar 12, 2025

Page 6

Hamsayeh International

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2024

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
£
163,967
268
164,235
142,943
142,943
-
21,292
(9,274)
12,018
95,099
107,117		 Restricted
Funds
£
15,593
-
15,593
28,504
28,504
-
(12,911)
9,274
(3,637)
12,598
8,961		 Total
Funds
2024
£
179,561
268
179,829
171,447
171,447
-
8,381
-
8,381
107,697
116,078		 Total
Funds
2023
£
131,650
186
131,836
120,299
120,299
-
11,537
-
11,537
96,160
107,697

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 9-14 form part of these accounts.

Page 7

Hamsayeh International

BALANCE SHEET

AS AT 30 JUNE 2024

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
£
487
487
15,310
93,778
109,088
(2,458)
106,631
107,117
107,117
107,117
107,117
-
107,117		 Restricted
Funds
£
1,166
1,166
-
7,795
7,795
-
7,795
8,961
8,961
-
-
8,961
8,961		 Total
Funds
2024
£
1,652
1,652
15,310
101,574
116,884
(2,458)
114,426
116,078
116,078
107,117
107,117
8,961
116,078		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 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:

P.M.Wright P.M.Wright (Mar 11, 2025 16:42 GMT) --------------------------------------Patrick Wright Mar 11, 2025 Date: _______

Company number: 07656357 Charity number: 1143577

The notes on page 9-14 form part of these accounts.

Page 8

Hamsayeh International

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

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:

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 9

Hamsayeh International

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

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		 2024
£
165,322
13,987
179,561		 2023
£
123,431
8,219
131,650

Page 10

Hamsayeh International

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

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		 2024
£
125,152
16,180
2,549
9,396
4,906
3,725
161,909
1,950
163,860
2,530
3,300
1,019
739
7,588
171,447		 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

The fee payable to the independent examiner for preparing and examining the accounts was £1,680 (2023: £1,590); in addition the charity paid £931 (2023: £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		 Institutions
£
-
-
-
Institutions
£
-
-
-		 Individuals
£
-
1,950
1,950
Individuals
£
-
4,447
4,447		 2024
£
-
1,950
1,950
2023
£
-
4,447
4,447

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 (2023:4). 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 £96,117 (2023: £45,161).

No trustees received employment benefits in either the current or preceding year.

Page 11

Hamsayeh International

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

6 Tangible fixed assets

Cost
At 1 July 2023
Additions
Disposals
At 30 June 2024
Accumulated depreciation
At 1 July 2023
Charge for the year
Eliminated on disposal
At 30 June 2024
Net book value
At 30 June 2024
At 30 June 2023
Debtors
Falling due within one year:
Tax recoverable
Other debtors
Prepayments and accrued income
Cash at Bank and in Hand
Cash at bank with immediate access
Creditors: liabilities falling due within one year
Other creditors
Accruals		 Radio
Studio
equipment
£
14,450
780
-
15,230
13,289
775
-
14,064
1,166
1,161		 Office
equipment
£
3,509
-
(500)
3,009
2,779
243
(500)
2,522
487
730
2024
£
14,116
270
924
15,310
2024
£
101,574
101,574
2024
£
465
1,992
2,458		 Total
2024
£
17,959
780
(500)
18,239
16,068
1,019
(500)
16,587
1,652
1,891
2023
£
9,252
-
-
9,252
2023
£
120,323
120,323
2023
£
19,859
3,910
23,769

7 Debtors

8 Cash at Bank and in Hand

Page 12

Hamsayeh International

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

10 Pension commitments

During the year employer’s pension contributions totalling £4,340 (2023: £2,954) were payable to defined contribution personal pension schemes. £nil 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
2024
£
-
-
95,099
95,099
-
8,840
-
3,758
12,598
107,697		 Incoming
resources
2024
£
-
-
164,235
164,235
527
195
-
14,871
15,593
179,829		 Outgoing
resources
2024
£
-
-
(142,943)
(142,943)
(2,853)
(74)
(2,376)
(23,202)
(28,504)
(171,447)		 Transfers
in the year
2024
£
-
-
(9,274)
(9,274)
2,326
-
2,376
4,572
9,274
-		 Gains and
losses
2024
£
-
-
-
-
-
-
-
-
-		 Closing
balance
2024
£
-
-
107,117
107,117
-
8,961
-
-
8,961
116,078

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:

Unrestricted Funds Unrestricted Funds
General Designated Restricted
funds funds funds 2024
£ £ £ £
Tangible fixed assets 487 - 1,166 1,652
Debtors 15,310 - - 15,310
Cash at bank and in hand 93,778 - 7,795 101,574
Creditors falling due within one year (2,458) - - (2,458)
107,117 - 8,961 116,078

Page 13

Hamsayeh International

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

11 Funds (cont.)

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Training & Discipleship Fund
General Unrestricted Funds
Restricted Funds
Media Fund
Resources Fund
Relief Fund
English Classes
Aggregate of funds		 Opening
balance
2023
£
-
-
85,132
-
9,118
1,910
-
11,028
96,160		 Incoming
resources
2023
£
-
-
102,283
1,197
13
1,079
27,264
29,553
131,836		 Outgoing
resources
2023
£
(476)
(476)
(88,505)
(3,992)
(291)
(3,529)
(23,506)
(31,318)
(120,299)		 Transfers
in the year
2023
£
476
476
(3,811)
2,795
-
540
-
3,335
-		 Gains and
losses
2023
£
-
-
-
-
-
-
-
-
-		 Closing
balance
2023
£
-
-
95,099
-
8,840
-
3,758
12,598
107,697

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
£
£
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

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.

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

Clare Arian was loaned £6,000 by the charity in September 2023. The loan was repaid in full in March 2024 and nothing was outstanding at the year end.

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 14

Hamsayeh International

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 30 JUNE 2024

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
2024
2024
£
£
163,967
268
164,235
-
142,943
-
142,943
-
-
21,292
-
(9,274)
-
12,018
-
95,099
-
107,117
-
Unrestricted funds		 Restricted
2024
£
15,593
-
15,593
28,504
28,504
(12,911)
9,274
(3,637)
12,598
8,961		 Total
2024
£
179,561
268
179,829
171,447
171,447
-
8,381
-
8,381
107,697
116,078		 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

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