2023-05-31-accounts

Trustees Annual Report and Accounts For the period 1[st] June 2022 to 31st May 2023

Contents

Contents
Report of the Trustees	1 to 3
Independent Examiner's Report	4
Receipts and Payments	5
Statement of Assets and Liabilities	6
Notes to the Accounts	7

Registered Charity Number: 1186832

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31[st] May 2023

The trustees present their report and accounts for the year ended 31st May 2023. The trustees have opted, under section 133 of the Charities Act 2011 (‘the Charities Act’), to prepare receipts and payments accounts

Objectives and Aims

1. To advance the Christian faith in such parts of the United Kingdom or the world as the Trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity.

2. The prevention or relief of poverty in such parts of the world as the Trustees may from time to time think fit by providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient.

Summary of main activities

Public benefit

The trustees have read and given due regard to the guidance issued by the Charity Commission on public benefit.

Registered Charity Number: 1186832

Page 1

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31[st] May 2023

Charitable activities

Project Exodus

Through Project Exodus the charity has been able to provide freedom from slavery for six Christian families in Pakistan. These families have not only been given freedom, but have also been assisted in gaining a home, earning an income, and becoming part of the community. Upon release, the families have been provided with the resources to earn a sustainable income immediately. Through the Project Exodus follow-up programme, the rescued families have been able to integrate themselves into local churches and communities.

Hope for the Nation School

We have continued our “Hope for the Nation School” in the Thar desert in the Sindh Province of Pakistan. It is a school for the marginalised and persecuted Hindu Community there. The Hope for the Nation School provides a good education to 140 Hindu children, whilst raising awareness in the local community of the importance of education. This year the school has been recognised and registered with the Government. To do so the name of the school has been changed to New Hope Public School.

Pastors Support Program

The Charity has been able to provide regular financial support to 4 Pastors in Pakistan who are living in rural and challenging conditions. In helping the pastors to meet their needs they can reach the unreached with the good news and gospel, advancing the Christian faith in harsh and difficult areas.

One-time financial help was also provided to Pastors in India and the Philippines.

Scholarships for Students

We provided scholarships to 12 Bible-college students. Two young student were provided with much-needed scholarships to study to become Radiologic Technologists, enabling them to study and provide care for communities of Pakistan.

Registered Charity Number: 1186832

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CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31[st] May 2023

Food Parcels

Food parcels were provided to poor and persecuted Christians during the Christmas period, ensuring they had enough to eat and allowing them to share in the joy of Christmas. These food parcels targeted some of the most remote areas of Pakistan, especially focussing on the Thar desert. A total of 357 food parcels were delivered during the Christmas season.

Financial review

Reserves policy

The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the Charity should be approximately three months of the resources expended. At this level the trustees feel that they would be able to continue the current activities of the Charity in the event of a significant drop in income.

Registered Charity Number: 1186832

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CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31[st] May 2023

Structure, Governance and Management

Governing document

Rhea Ministries is a Charitable Incorporated Organisation commencing 9[th] December 2019.

New trustees are elected by the existing trustees to the board after nomination and interview.

Financial reports are presented to the board at each meeting. Minutes of each meeting are taken and subsequently distributed.

Reference and Administration Details

Registered name: Rhea Ministries

Registered Charity number: 1186832

Principal address

2 Coronation Street, Barnstaple, Devon, EX2 7AY

Trustees

Name Position Zahid Kenny Chair 5 December 2019 Bridget Marie Alway Trustee 28 March 2020 Philip Anthony Buckman Trustee 5 December 2019 Daniel Bull Trustee 24 March 2023

Appointments/Resignations

Independent Examiner

Magnus Proctor FFA

Lindisfarne Landkey Road Barnstaple EX32 9BW

Approved by the board of trustees on 5[th] March 2024 and signed on its behalf by:

Zahid Kenny Chair

Registered Charity Number: 1186832

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Independent examiner's report to the trustees of Rhea Ministries

I report to the charity trustees on my examination of the accounts of Rhea Ministries for the year ended 31[st] May 2022.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material 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 Trust as required by section 130 of the 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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Signed:

Magnus Proctor FFA

Fellow of the Institute of Financial Accountants Lindisfarne Landkey Road Barnstaple EX32 9BW

Date: 5[th] March 2024

Registered Charity Number: 1186832

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RECEIPTS AND PAYMENTS

for the year ended 31[st] May 2023

for the year ended 31stMay 2023
	Unrestricted funds (£) Restricted funds (£) 2023 Total (£) 2022 Total (£)
Receipts Gifts and donations Gift aid received Other Total receipts Payments Grant funding to Pakistan Grant funding elsewhere Sundry office costs Website/Design Accountancy costs Travel Professional services UK Administration/Salaries Total payments Net receipts / (payments) Reconciliation of funds: Transfer between funds Total Funds brought forward Total Funds carried forward	72,107 93,397 165,504 142,481 0 0 0 0 0 0 0 0
	72,107 93,397 165,504 142,481 22,188 93,397 115,585 117,054 3,150 0 3,150 2,855 794 0 794 1,654 2,258 0 2,258 1,429 520 0 520 600 9,937 0 9,937 155 719 0 719 0 25,334 0 25,334 20,380
	64,909 93,397 158,306 144,127
	7,198 0 7,198 (1,646) 0 0 0 0 5,878 0 5,878 7,524
	13,076 0 13,076 5,878

Registered Charity Number: 1186832

Page 6

STATEMENT OF ASSETS AND LIABILITIES

As at 31[st] May 2023

As at 31stMay 2023
	Unrestricted funds (£) Restricted funds (£) 2023 Total (£) 2022 Total (£)
Fixed Assets Current Assets Debtors Cash at bank Current Liabilities Creditors Total Assets less Liabilities	0 0 0 0 0 0 0 0 13,076 0 13,076 5,878 0 0 0 0
	13,076 0 13,076 5,878

The financial statements were approved by the Board of Trustees on 5th March 2024 and were signed on its behalf by:

Zahid Kenny Chair

Registered Charity Number: 1186832

Page 7

Notes to the Accounts

Accounting Policies

Basis of preparing the financial statements and assessment of going concern

These accounts have been prepared on a receipts and payments basis as permitted by law for smaller charities.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Movement in Funds

£	Balance	Income	Expenditure	Transfers	Balance
	1st June 2022				31stMay 2023
General Fund	5,878	72,107	(48,901)	0	7,198
Restricted Funds:
Reach Pakistan	0	31,913	(0)	0	0
Pastor/Christian	0	0	(0)	0	0
workers Support
Hope for the nations	0	35,874	(0)	0	0
Project Exodus	0	25,610	(0)	0	0
UK Administration	0	0	(0)	0	0
Sundry Other	0	0	(0)	0	0
Total Funds	5,878	165,504	(158,306)	0	7,198

Movement in Funds

Movement in Funds
£	Balance	Income	Expenditure	Transfers	Balance
	1st June 2022				31stMay 2022
General Fund	7,524	44,505	(48,151)	0	5,878
Restricted Funds:
Pakistan Support	0	0	(0)	0	0
Pastor/Christan workers	0	38,180	(38,180)	0	0
support
Building Funds	0	9,500	(9,500)	0	0
Project Exodus	0	23,605	(23,605)	0	0
UK Administration	0	20,380	(20,380)	0	0
Sundry Other	0	6,311	(6,311)	0	0
Total Funds	7,524	142,481	(144,127)	0	5,878

Trustee remuneration and benefits

Trustee, Zahid Kenny, was supported by a donor for UK administration services amounting to £1500

Registered Charity Number: 1186832

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