## Hayat Ministries End of Year Report and Accounts Year ending 31[st] December 2023 ## Charity Information **Trustees:** Tanas Alqassis Nigel Nicholson (Chairman) David Taylor New trustees are appointed by the existing trustees. **Governing Document:** “Foundation” Model Constitution **Charity Registration Number:** 1157140 **Registered Office:** 46 Ravenswood Crescent Harrow HA2 9JN **Bankers:** HSBC ## Objects The objects of the CIO are: 1. To relieve poverty and sickness thereby demonstrating the Christian faith in particular but not exclusively by providing, assisting or working through selected partner organisations in the provision of education, training, healthcare projects and support designed to enable individuals to generate a sustainable income. 2. To advance the Christian faith for the benefit of the public through: - a. The training and encouragement of Christians in practical methods of sharing their faith through lectures, seminars, and individual tuition. - b. To encourage Christians to grow in their faith through the holding of Bible studies, lectures, seminars, and individual tuition. - c. The production and distribution/broadcast of messages of an evangelistic and teaching nature. ## Aims and Objectives The two foundational principles of Hayat Ministries are that the Christian Faith itself brings immediate benefits to its followers but also that there is a requirement for Christians to demonstrate their faith in practical ways - “By their fruits you will know them” as the Bible puts it. The long-term aims are therefore to work with organisations in poorer countries which are actively demonstrating their faith through practical work amongst the poor and oppressed, whilst also building the Church through the usual means of teaching and preaching etc. These organisations can often best be helped by the provision of much needed funds and a primary function of Hayat Ministries is to be a channel for such funds from the UK to the projects where they are needed. An example of this is the child sponsorship programme. _Page 1_ ## Activities in 2023 2023 was an exceptional year regarding income to the charity with donations double the previous year. The single biggest contributor to this were donations from the members of St Mungo’s church in Balerno, Scotland as a result of their 2022 Christmas appeal. The sum raised was over £24,000, which far exceeded expectations. There was also increased giving by the some of the churches which regularly support the charity. Taken together these gave us the surplus we have recorded. ## Plans for 2024 In addition to the usual fundraising activities for the Life Center we are exploring funding an administrator role at the Life Center to focus on fundraising. This will include preparing funding applications for prospective donors and preparing the required reports as funded projects progress. A suitable individual for the role has been identified and Cogges Church in Witney in Oxfordshire as agreed to cover the initial 8 months. We are hopeful this new role will bring much needed extra income to the Life Center in 2024 and beyond. ## Financial Review ## Reserves Policy The intention, as previously, is to hold the current unallocated funds in reserve for promotional activities and any other targeted activities which will provide a return on the investment. This will not necessarily be in financial terms. An example from previous years was using the reserves to pay for Rev. Dib’s visit to the UK. The reserves will not, except under exceptional circumstances and at the discretion of the trustees, be used for general grants to supported projects or other causes. ## Funds in Deficit There are no funds in deficit in the current accounting period. _Page 2_ Statement of Financial Activities tclal ITKL¥riny resources from generaled ￿TIJ5 Vc4untary in¢(¥ne other *i¢irrino resiwrces 60,570 60,570 Trfal income 84)￿0 .570 29A31 Chwilabk ath￿e 267 $8,118 43,312 Tctsl expeThknre 267 43J12 Net Inc￿ I (expendlbj￿Tr re¥ource¥ transfer 12671 2851 2.184 113,8811 Other￿cOgniSedge1￿Sll05seS Met movernent in fun 126n 2,184 1118811 Reco￿liatIon of lundf Tc4al fuThJ$ t￿llhI fory¥ard 47,689 Tcrtal wwied fornwrd 27,9)1 35,992 33, Unreslrided General fund Lite Cenier.. Gereraf Lite Cenier.. Hurnanrt￿an Lrfe ￿ler.. Worker Suppxt Lrfe Cenier.. of Lrfe 21,876 3,767 510 1,747 21,876 3.767 510 1.747 15,945 4,815 1,110 3,578 Page 3 alance sheet As•t 3111212023 A5at 31M212022 Current assets 1001." cUr￿￿t Acuwnl 35,681 310 1002. PayPa act￿nI 15 Totsl Cunent 88*ets 35,932 Liabilities Z04". AccLwTts P￿ab Titsf Liabililies Net Asset 8urplu$ 35,992 Reserves Excess I IdefKill to date Z01." StNb"rvJ balatKes 2,184 33,808 113.881) 47,689 Total Rexrves 34992 Represented by Funds Cwignat Restricted 27,9)1 25.449 1th¥meni T¢Jlal 932 Page 4 Statement of assets and liabilities P[evi￿S balarbce Balance Lrfe Center. Spring of Lrfe . Restrictedl 1001 Cur￿rrtN￿(￿I 1.747 3,578 1,747 1,747 Tolal for Sprino ol Life: Restricted 3578 Lrfe Center. General Fund . Restricted 1001 G￿r￿ntAC¢M1 1002. PayP* acc(rt¥ 21.565 310 15,930 15 21,876 21,876 15,945 15,945 Total for Lrfe Center: General Fund . Restricted Life Center. Humanitarian . Restricted 1001 CUrrentACc￿t 3,767 4,815 3,767 3,767 4.815 4,815 Total for Life Cellter. Humanitarian . Restricted Life Center. Worker Support: Restricted 1001. CurrentAccMt 510 1.110 510 1.110 Totsl for Said Support: Restricted 510 General lund . Unrestricted 1001 CurrentAccMt Totsl for General fund . Unrestricted Grand Totsl 35,992 33,808 Page 5 Fund movement by Type FUrmlar￿type F￿d balJnBes brou*lonMrd ¢oThi Ou￿31￿￿ Rtxww¢e5 GiAn5 and L055e5 rnal F￿0 batsnce5 ErAries ¢arriEdfonvawd Life Centsr. Spring of Lrle 3,578 6.387 1,747 Sub40ts15 3.578 4.555 6.387 1.747 Life Center. Gewal Fund Resthcted 15,945 51,042 45,111 21,876 Sub4ola15 IS.￿5 51.042 21.t76 Life Centsr. Humjnits 4,615 3,767 Sub4ola15 4.115 1.952 5.mo J.r17 Lrfe Center. Wcfker SUF9￿1 Resth'cled 1,110 510 Sub-lotsis 1.0 1.620 510 General UnreslriL 8.358 267 Sub4ola15 1.351 267 i.oyo Tc¢al$ TO 3S992 Page 6 ## Analysis of income and expenditure ## Notes: Incoming Resources: - _Gift Aid Donations_ are donations for which Gift Aid must be claimed. - _Non-Gift Aid Donations_ are donations for which Gift Aid can’t be claimed. - _Donation from Charity_ is a donation from a church or other charitable organisation. - _Donation including Gift Aid_ covers donations via Stewardship or the PayPal Giving Fund where the intermediary claims the Gift Aid and includes it in the payment. _Page 7_ Outgoing Resources: - _Admin_ covers the annual cost of a Skype phone number. Approved by the Trustees and signed on their behalf on 9[th] March 2024: Dr N Nicholson. Chairman Approved by the examiner on 11[th] April 2024: Mr M Harris _Page 8_