# **Trustees Annual Report and Accounts For the period 1[st] June 2023 to 31st May 2024**
## **Contents**
Report of the Trustees 1 to 3
Receipts and Payments 4 Statement of Assets and Liabilities 5 Independent Examiner's Report 7-8
Registered Charity Number: 1186832
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31[st] May 2024
The trustees present their report and accounts for the year ended 31st May 2024. 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.
## **Charitable activities**
## Project Exodus
Through Project Exodus the charity has been able to provide freedom from slavery for eleven 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 130 Hindu children, whilst raising awareness in the local community of the importance of education. This year, one of our missionary couples has moved to the Thar desert to serve full-time by running and teaching at the school. Additionally, help has been provided to purchase property for the school.
Registered Charity Number: 1186832
Page 1
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31[st] May 2024
## 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 are able to reach the unreached with the good news and gospel, advancing the Christian faith in harsh and difficult areas.
The Pastor Support Programme provided special assistance during the very harsh economic crisis in Pakistan, and provided much-needed help to 153 additional Pastors and Christian workers, along with their families.
## Scholarships for Students
We provided scholarships to 2 students. Two student nurses were provided with much-needed scholarships, enabling them to study and provide care for communities in one of the harshest, remote desert regions of Pakistan.
## 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.
## **Financial review**
There was a deficit in the year of -£6,744.15. Donations were £159,138.71and expenditure was £165,410.03.
Unrestricted cash reserves held at the year-end amounted to £6,804.43.
## 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
Page 2
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31[st] May 2024
## **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**
|**Trustees**|||
|---|---|---|
|**Name**|**Position**|**Appointments/Resignations**|
|Zahid Kenny|Chair||
|Bridget Marie Always|Trustee||
|Philip Anthony Buckman|Trustee||
|Daniel Bull|Trustee||
## **Independent Examiner**
Paul Cross 2 KELSEY ROAD ORPINGTON, KENT, BR5 3AP
Approved by the board of trustees on 17th January 2026 and signed on its behalf by:
Zahid Kenny Chair
Registered Charity Number: 1186832
Page 3
## **RECEIPTS AND PAYMENTS**
for the year ended 31[st] May 2024
||**Unrestricted**
**funds (£)**|**Restricted**
**funds (£)**|**2023-24**
**Total (£)**|**2022-23**
**Total (£)**|
|---|---|---|---|---|
|**Receipts**|||||
|Gifts and donations|£67,680|£91,459|£159,139|£165,504|
|Gift aid received|£0|£0|£0|£0|
|Other|£0|£0|£0|£0|
|**Total receipts**|£67,680|£91,459|£159,139|£197,004|
||||||
|**Payments**|||||
|Grant funding to Pakistan|£0|-£75,720|-£75,720|-£115,585|
|Grant funding elsewhere|£0|£0|£0|-£3,150|
|Sundry ofce costs|-£1,164|£0|-£1,164|-£794|
|Website/Design|-£1,223|£0|-£1,223|-£2,258|
|Accountancy costs|-£500|£0|-£500|-£520|
|Travel|-£3,969|£0|-£3,969|-£9,937|
|Professional services|-£265|£0|-£265|-£719|
|UK Administration|-£56,754|£0|-£56,754|-£25,334|
|Immigration services|-£17,999|£0|-£17,999|£0|
|USA Visit|-£7,816|£0|-£7,816|£0|
|**Total payments**|-£89,690|-£75,720|-£165,410|£158,306|
||||||
|**Net receipts / (payments)**|-£22,010|£15,739|-£6,271|£7,819|
|Reconciliation of funds:|£0|£0|£0|£0|
|Transfer between funds|£0|£0|£0|£0|
|Total Funds brought forward|£13,076||£13,076|£5,878|
||||||
|Total Funds carried forward|**-£8,934**|**£15,739**|**£6,804**|**£13,076**|
Registered Charity Number: 1186832
Page 4
## **STATEMENT OF ASSETS AND LIABILITIES**
As at 31[st] May 2022
|As at 31stMay 2022|||||
|---|---|---|---|---|
||**Unrestricted**
**funds (£)**|**Restricted**
**funds (£)**|**2023-24**
**Total (£)**|**2022-23**
**Total (£)**|
|**Fixed Assets**|£0|£0|£0|£0|
|**Current Assets**|||||
|Debtors|£0|£0|£0|£0|
|Cash at bank|£6,804|£0|£6,804|£13,076|
||||||
|**Current Liabilities**|||||
|Creditors|£0|£0|£0|£0|
||||||
|**Total Assets less Liabilities**|**£6,804**|**£0**|**£6,804**|**£13,076**|
The financial statements were approved by the Board of Trustees on 5th February 2023 and were signed on its behalf by:
Zahid Kenny Chair
Registered Charity Number: 1186832
Page 5
CHARITY COMMISSION
FOR ENGIANO AND WALES
Independent examiner's report on the
accounts
Sectlon A
Independent Examiner's Report
Report to the trusteesl
m•rnbérs of
On accounts for tho yoar
ended
2e>L3- 2+
Charlty no
(If any)
1186832
Set out on pages
I report to the trustees on my examination of the accounts of the above
chaiity [he Trust") for the year ended O I
As the charitys trustees. you are responsible for the preparation of the
accounts in accordance wth the requirements of the Charities Art 2011
("the Acr).
I report in respect of my examination of th8 Trust's accounts carried out
under section 145 of the 2011 Act and in Garying out my examination, I
have followed all the applicable Direclions given by the Charity Commis5i¢YI
under sectlon 145(51(b) of Ihe Act.
Responsibilities and
ba515 Of report
Independent
examinerfs statèment
I have completed my examination. I confimi that no malerial matiers have
corne lo my attention in connection with the examination (other than thal
disclosed below") vA)ich gives me cause to beli8V8 that in. any material
respect:
the accounting records were not kept in accordance with section 130
of the Charit18s Act; or
the accounts did not ac(x)rd with the accounting records; or
the accounts did not comply wlth the applicable requirements
concerning the fomi and content of accounts set out in the CharÉties
(Accounts and Reports) Regulatlons 2008 other than any requirement
that the accounts give a Inje and falrf view which is not a matter
considered as part of an Independent examination.
I have no concems and have come across no other matters in wnnect
with the examination lo vthlch attention should be drawn In this report in
order to enable a proper understandlng of the accounts to be reached.
elela the words In the brnckets rf they {*• not apply.
Dalo:
Slgned:
Namo:
L) L C(&)£
Relevant professlonal
qualification(s) or body
Oct 2018
IER
(If any):
Addro89:
i oThJ
Section B
Disclosure
Only complete if the examiner needs to highlight matenal matters ol conrn
(see CC32. Independent examinalion of chanty accounts: direction5 and
guidance for examiners).
Glv• hèrn brfef detalls of
any Items that the
•xaminer wishes to
dlscloso.
Oct 2018
IER