**Registered Charity Number: 1168885**
## HAYAT TRUST
Report of The Trustees
## and
## Unaudited Financial Statements
For The Year Ending
31[st] December 2023
1
## **Hayat Trust**
## Contents Page
## For The Year Ended 31 December 2023
|Report of the Trustees|3|
|---|---|
|Independent Examiners Report to the Trustees|4|
|Statement of Financial Activities|5|
|Statement of Financial Position|6|
|Notes to the Financial Statements|7-8|
2
## **Hayat Trust**
## Report of the Trustees
## For the year ended 31 December 2023
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2023. 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Structure, governance and management**
The charity is an unincorporated charity, formed under a trust deed on the 28 January 2016. The Charity registered with the Charity Commission on the 23 August 2016. Trustees are legally responsible for the governance and management of the charity. There are three founding Trustees that are appointed for life. Trustees are responsible for setting strategies and policies and ensuring these are implemented.
## **Objectives and aims**
The trustees have considered the Charity Commission’s guidance on public benefit. including the guidance 'public benefit: running a charity (PB2)'
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
**Name of Charity** Hayat Trust **Charity registration number** 1168885 **Principal address** Unit 3, The Bordesley Centre Stratford Road, Sparkhill, Birmingham, B11 1AR
## **Trustees**
The trustees and officers serving during the year and since the year end were as follows:
Sante Ciccarello Hisham Salim Dr Colin Bailey Abdulwaley Saleh
## **Independent examiners**
RAW Accountants & Co 61 Bridge Street Kington HR53DJ
Approved by the Board of Trustees and signed on its behalf by
## _Hisham Salim_
………………………………………………..
Mr Hisham Salim Trustee
> 9 January 2025
3
## **Hayat Trust**
## Independent Examiners Report to the Trustees
## For the year ended 31 December 2023
I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 201 1 Act').
I report in respect of my examination of the charity's accounts carried out under section 145of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act
## **Independent examiners 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 that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
## _Jabar Sadiq_
……………………………………..
Jabar Sadiq
RAW Accountants & Co
9 January 2025
4
## **Hayat Trust**
## Statement of Financial Activities
## For the year ended 31 December 2023
|Notes
**Income and endowments from**:
Donations and legacies
2
**Expenditure on**:
Charitable activities
3
Wages & Social Security
Office Rent
Travel Expenses
Office Expenses
Professional Fees
IT Maintenance & Software
Telephone & Internet
**Total**
**Net Income/Loss**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**
|Unrestricted
Funds
£
159,195
(117,950)
(15,611)
(3,650)
(5,841)
(368)
1,920)
(1,378)
(474)
(147.192)
12,003
1,874
**13,877**|2022
£
106,096
(103,437)
(4,230)
(3,180)
-
(510)
(808)
(886)
-
(113,051)
(6,955)
8,829
**1,874**|
|---|---|---|
5
## **Hayat Trust**
## Statement of Financial Position
## As at 31 December 2023
||Notes|2023|2022|
|---|---|---|---|
|||£|£|
|**Fixed assets**||||
|Tangible Fixed Assets||-|-|
|**Current Assets**||||
|Cash at Bank and in Hand||15,837|3,074|
|**Creditors: amounts falling due within one year**|4|(1,960)|(1,200)|
|**Net Current Assets**||**13,877**|**1,874**|
|**Total Assets less Current Liabilities**||**13,877**|**1,874**|
|**Net Assets**||**13,877**|**1,874**|
|**The funds of the charity**||||
|Unrestricted income funds|5|13.877|1,874|
|**Total funds**||**13,877**|**1,874**|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
## _Hisham Salim_
………………………………………………..
Mr Hisham Salim Trustee 9 January 2025
6
For the year ended 31 March 2023
## **Hayat Trust**
## Notes to the Financial Statements
## **1.Accounting Policies**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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)', Financia I Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
Hayat Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **Going concern**
The financial statements have been prepared on the Going Concern basis unless it is inappropriate to presume that the Charity will continue its activities.
## **2. Income from donations and legacies**
|Unrestricted funds
Donations received
**3. Costs of charitable activities by fund type**
Yemen Bakery Project & Other Related
Ramadhan Projects
Turkey Earthquake
Educational Material Distribution
Food/Winter Projects
Total
**4.Creditors: amounts falling due within one year**
Other creditors
PAYE
Professional Fees|2023
£
159,195
2023
£
72,712
21,275
10,273
13,690
-
117,950
2023
£
1,200
160
600
1,960|2022
£
106,096
2022
£
72,532
9,905
3,000
-
18,000
103,437|
|---|---|---|
|||
2022
£
1,200
1,200|
7
## **5. Movement in funds**
## **Unrestricted funds**
|**Balance at**
**01/01/2023**
**£**
General
1,874
**Unrestricted funds – previous years**
**Balance at**
**01/04/2022**
**£**
General
8,829|**Incoming**
**resources**
£
159,195
**Incoming**
**resources**
£
106,096|**Outgoing**
**resources**
£
(147,192)
**Outgoing**
**resources**
£
(113,051)|**Balance at**
**31/12/2023**
£
13,877
**Balance at**
**31/12/2022**
£
1,874|
|---|---|---|---|
## **6. Particulars of employees**
||2023|2022|
|---|---|---|
|Staff|1|1|
8