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2023-04-05-accounts

ROMANS ONE ELEVEN TRUST

(Reg Charity No 1012736)

ANNUAL REPORT AND ACCOUNTS YEAR ENDED 5TH APRIL 2023

ROMANS ONE ELEVEN TRUST

CONTENTS

YEAR ENDED 5TH APRIL 2023

Page
Legal and administrative information 1
Trustees annual report 2-5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the accounts 9-13

ROMANS ONE ELEVEN TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

YEAR ENDED 5TH APRIL 2023

Trust status

The Trust was consitituted by a deed dated 20th January 1992.

Charitable status

The Trust is a registered charity, number 1012736

Trustees

The Trustees who served during the year were as follows:

Dr R M Barrett A Foulger Rev J Sermon A Woodhouse Mrs R Bailey Mr S Woosnam

Administrator

Mrs R Bailey

Bankers

Santander

Operational address

197 Staplers Road Newport Isle of Wight PO30 2DP

Independent examiner

Hallidays Riverside House Kings Reach Business Park Yew Street Stockport SK4 2HD

1

ROMANS ONE ELEVEN TRUST Registered Charity No 1012736

Annual Report 2022/23

Reference and Administrative Details

Reference and administrative details are shown on page 1 of the financial statements.

Objectives and Activities

Personnel

The Trustees were unchanged through the year:

Jon Sermon Dick Barratt Tony Foulger Adam Woodhouse Rachel Bailey Stuart Woosnam

Structure, Governance and Management

Governing document

The charity is governed by its Trust deed dated 20th January 1992, amended on 7th November 2015.

2

ROMANS ONE ELEVEN TRUST Registered Charity No 1012736

Recruitment and appointment of trustees

The Trustees have power to appoint a new trustee or trustees. There is no limit to the number of trustees that may be appointed.

Induction and training

The charity does not possess a formal policy for the training and induction of trustees.

Organisational Structure

The Trustees are responsible for the overall running of the charity. Day to day operational control is undertaken by the administrator who is supervised by the Trustees.

Achievements and Performance

Visits between Uganda and the UK were again put on hold due to the pandemic. The pre-Covid courses were completed at all three Spiritual Learning Centres and all students graduated from these courses. The commencement of three further courses was approved for the next financial year. The education of over 100 children and 12 pastors is still being sponsored through the Trust by people from the UK.

The continued difficulties COVID posed in Uganda have been even more serious in many ways than in the UK. Many of the rural communities in which most of our partner churches and schools are placed continued to suffer food shortages and large price increases. Many people who lost their jobs last year have faced eviction from rented housing this year and subsistence farming has failed in various locations.

Against such a backdrop, the element of mutual encouragement between churches in the UK and Africa has been needed more than ever. We have been able to maintain contact, mainly through social media, but we have also engaged several of our African partners in on-line worship and theological training. This could not replace all that has been lost, but it has helped to partially offset it. We were able this year to travel to Uganda again, renew relationships and engage in accountability practices to ensure the safe-keeping of finances and upkeep of buildings which are overseen by the Trust.

Financial Review

The Trustees continued the policy of careful stewardship for all of its projects. Money is not committed until it has been received and is available for use. The Trustees continue to agree to maintain a balance at the end of any year that will meet all known commitments for the following financial year. Because of this way of working there is no financial risk associated with the work of the Trust. The principal sources of funds remain individuals and United Reformed Churches.

3

ROMANS ONE ELEVEN TRUST Registered Charity No 1012736

Because of the continued lower level of giving the trustees have been seeking possible sources of grant funding, especially to enable our support of theological education in Uganda. But funding has fallen still further as a result of Covid-19 and the cost of living crisis. We are constantly reviewing what we can and cannot commit to in light of this.

Having due regard to the impact of COVID 19 and the other risks the Charity faces, the board of trustees has a reasonable expectation that the Charity will have adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements.

The total reserves held at 5[th] April 2023 is £15,421 which is made up of the following: Unrestricted funds £4,914 Restricted funds £10,507

Public Benefit

The Trustees are aware of the Charity Commission’s guidance on public benefit in The Advancement of Religion for the Public Benefit and have regard for it in their administration of the Charity.

Clearly, much of the Trust’s work is benefitting those outside the UK. The regeneration of whole communities is being helped considerably by the growth of churches, schools and orphanages in poorer, rural areas of Uganda. Many people who are not members of churches become involved in the work and help to develop it as well. It is not only members of the churches who benefit.

The training of pastors in Uganda helps to develop the work and service of thousands of Christians across that country for the good of their communities. The same may be said for churches in the UK. Through both education and the partnerships forged with overseas churches, the considerable benefit is generated for those members of churches participating in the work of the Trust. This, then, develops deeper commitment and greater service in the communities in which the participating churches live and work.

We continue to be grateful to God and his people for their support of this work. It continues to encourage churches and their members both in the UK and in parts of Africa.

Plans for Future Periods

The aims and objectives of the Trust remain true to the general objectives of the Trust, that is:

4

ROMANS ONE ELEVEN TRUST Registered Charity No 1012736

The Trust plans to achieve this through the continued provision of three theological training courses in the years 2023-2024 which are funded through a new initiative; ‘Boost 100’ which is well supported in the UK.

In addition to this, the Trust continues to provide child sponsorship to a large number of children, which pays for improved living conditions for children, many of whom are orphans, as well as paying their school and examination fees for the coming year.

The Trust also continues to provide pastor sponsorship for around 15 pastors who require support with living costs as a result of seeking vocational work in their pastoral duty. This support will enable churches to maintain a pastor for the year 2023-2024, whilst knowing that the living costs of the pastor and family are maintained.

Finally, the Trust anticipates a trustee’s trip to Uganda in summer 2024. This is run with the purpose of the facilitation of relationships with specific churches and people, to achieve mutual encouragement and support and to continue and deepen the theological training which the areas receive.

Signed on behalf of the trustees on 22/10/2023:

Rev J Sermon

Mr S Woosnam

5

Romans One Eleven Trust

Independent examiner’s report to the Trustees of Romans One Eleven Trust

I report to the trustees on my examination of the accounts of Romans One Eleven Trust for the year ended 5[th] April 2023, which are set out on pages 1 to 13.

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 Trustee’s accounts carried out under section 145 of 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 2011 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:

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.

Anna Bennett, Chartered Accountant

ICAEW Riverside House, Kings Reach Business Park, Yew Street, Stockport, SK4 2HD

24/01/2024

6

ROMANS ONE ELEVEN TRUST

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 5TH APRIL 2023

INCOMING RESOURCES (note 4)
Income and endowments from
Donations and legacies
Interest from investments
Total
RESOURCES EXPENDED (note 3)
Expenditure on
Charitable activities - Child Sponsorship
Charitable activities - other
Costs of management and administration
Staff Salaries
Insurance
Printing, stationary & office
Independent examination fees
Conference expenses
UK tour expenses
Foreign tour expenses
Air tickets
Motor and travelling
Bank charges
Trustees expenses
Total resources expended
Net income
Transfer of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
12,567
-
12,567
-
-
-
-
510
634
900
-
-
4,021
-
-
-
-
6,065
6,065
6,502
(18,508)
16,920
4,914		 Restricted
Total
Total
Funds
2023
2022
£
£
£
36,637
49,204
50,974
-
-
-
36,637
49,204
50,974
19,239
19,239
17,391
25,142
25,142
22,849
44,381
44,381
40,240
6,388
6,388
6,388
-
510
501
-
634
268
-
900
630
-
-
-
-
-
-
-
4,021
-
3,651
3,651
1,708
-
-
-
-
-
-
-
-
-
10,039
16,104
9,496
54,419
60,484
49,735
(17,782)
(11,281)
1,238
18,508
-
-
9,782
26,701
25,463
10,507
15,421
26,701

7

ROMANS ONE ELEVEN TRUST

BALANCE SHEET

5TH APRIL 2023

Notes
CURRENT ASSETS
Debtors
5
Cash at Bank
CURRENT LIABILITIES
Creditors: Among falling
due within one year
6
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
THE FUNDS OF THE CHARITY
UNRESTRICTED FUNDS
8
RESTRICTED FUNDS
7		 Unrestricted
Funds
£
4,008
1,806
5,814
900
4,914
4,914
4,914
-
4,914		 Restricted
Funds
£
-
10,507
10,507
-
10,507
10,507
-
10,507
10,507		 Total
2023
£
4,008
12,313
16,321
900
15,421
15,421
4,914
10,507
15,421		 Total
2022
£
5,343
22,558
27,901
1,200
26,701
26,701
16,920
9,782
26,701

Signed on behalf of the trustees:

Rev J Sermon

Mr S Woosnam

Date: 22/10/2023

8

ROMANS ONE ELEVEN TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 5TH APRIL 2023 (continued)

1. ACCOUNTING POLICIES

Charity information

Romans One Eleven Trust is an unincorporated charity.

Statement of compliance

These accounts have been prepared on the historic cost basis in accordance with Accounting and Reporting by Charities – Statement of Recommended Practice (Charities SORP (FRS 102) effective 1 January 2019) and with Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives

Restricted funds are subject to specific conditions by donors as to how they may be used.

Income

Income is recognised when the charity has entitlement.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably.

Debtors

Debtors are measured initially at the settlement amount due. Subsequently, they are measured at the cash or other consideration expected to be received.

Cash at Bank and in hand

This relates to current accounts held with UK banks and petty cash.

Creditors: Amounts falling due within one year

The charity has creditors which are measured at settlement amounts less any trade discounts.

Taxation

The organisation is exempt from income tax by reason of its charitable status.

Going concern

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

2. STAFF COSTS AND EMOLUMENTS

2023 2022 The staff costs for the year are analysed as follows: £ £ Salaries 6,388 6,388

9

ROMANS ONE ELEVEN TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 5TH APRIL 2023 (continued)

3. RESOURCES EXPENDED

Charitable Activities & grants
Child sponsorship:
Back to God
Jesus cares, Kibale
Luwafu
Sebbugo/Ssali Katumba
Western Presytery
Ebenezer Children's Centre
Oroga
Deus
Lubega Michael Jackson
Deo
Other charitable activities:
Kalasa church
Ndejji church
Deus
Patrick Ggenza
Ssanje Modern school
Duncan Sebachwa
Kakumiro school/Julius
Theology students
Bugoye
Kibaale Ssanje
Nyamiyaga
Richard Tusiime
Pastor Sponsership
C.C.A.P Zambia
Simon/ Masese
Frank
Chasefu College		 Unrestricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
Funds
£
-
8,870
640
860
500
6,049
-
520
1,800
-
19,239
3,650
-
-
-
-
1,945
1,500
-
975
2,175
1,575
6,352
2,700
-
-
4,000
270
25,142
44,381		 Total
2023
£
-
8,870
640
860
500
6,049
-
520
1,800
-
19,239
3,650
-
-
-
-
1,945
1,500
-
975
2,175
1,575
6,352
2,700
-
-
4,000
270
25,142
44,381		 Total
2022
£
-
9,931
150
280
460
5,160
-
210
1,200
-
17,391
4,249
-
290
-
-
2,085
2,550
1,800
5,300
3,345
-
2,230
1,000
-
-
-
-
22,849
40,240

10

ROMANS ONE ELEVEN TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 5TH APRIL 2023 (continued)

4. INCOMING RESOURCES

Donations and legacies
Donations from churches
Donations from individuals
Donations from organisations
Gift aid receivable
Bank interest
DEBTORS
Gift Aid
CREDITORS
DUE WITHIN ONE YEAR
Accruals		 Unrestricted
Funds
£
3,367
3,328
1,864
4,008
12,567
-
12,567		 Restricted
Funds
£
7,812
28,825
-
-
36,637
-
36,637		 Total
2023
£
11,179
32,153
1,864
4,008
49,204
-
49,204
4,008
900		 Total
2022
£
11,455
31,944
2,232
5,343
50,974
-
50,974
5,343
1,200

5. DEBTORS

6. CREDITORS DUE WITHIN ONE YEAR

11

ROMANS ONE ELEVEN TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 5TH APRIL 2023 (continued)

7. RESTRICTED FUNDS

Child sponsorship:
Back to God
Jesus cares, Kibale
Luwafu
Sebbugo/Ssali Katumba
Western Presytery
Ebenezer Children's Centre
Oroga
Deus
Lubega Michael Jackson
Deo
Other charitable activities:
Kalasa church
Ndejji church
Deus
Patrick Ggenza
Ssanje Modern school
Duncan Sebachwa
Kakumiro school/Julius
Theology students
Richard Tusiime
Pastor Sponsorship
C.C.A.P Zambia
Simon/ Masese
Frank
Chasefu College
Administration
Air tickets
General fund
Abroad tour expenses
UK tour expenses		 Opening
Balance
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
9,782
-
-
9,782		 Movement
in Income
£
-
6,890
360
690
500
5,000
-
300
1,800
-
3,650
-
-
-
-
1,350
1,500
2,820
6,182
1,790
-
-
2,960
120
35,912
-
-
725
-
-
36,637		 Transfer
Unrestricted
£
-
1,980
280
170
-
1,049
-
220
-
-
-
-
-
-
-
595
-
1,905
170
910
-
-
1,040
150
8,469
6,388
3,651
-
-
-
18,508		 Movement
in Expenses
£
-
8,870
640
860
500
6,049
-
520
1,800
-
3,650
-
-
-
-
1,945
1,500
4,725
6,352
2,700
-
-
4,000
270
44,381
6,388
3,651
-
-
-
54,419		 Closing
Balance
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
10,507
-
-
10,507

12

ROMANS ONE ELEVEN TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 5TH APRIL 2023 (continued)

2023
£
8.
UNRESTRICTED FUNDS
At 6th April 2022
16,920
Net Income/(expenditure)
6,502
Transfer of funds
(18,508)
At 5th April 2023
4,914
9.
INDEPENDENT EXAMINATION FEES
Independent examiner's fees for reporting on the accounts
900
10.
TRUSTEES EXPENSES & SALARIES
No expenses were paid to Trustees during the year ended 5th April 2023 (2022: £nil).
Salary was paid as follows:
R Bailey (as administrator)
6,388
6,388
11.
RELATED PARTY TRANSACTIONS
There were no related party transactions during the year.		 2022
£
16,151
8,801
(8,031)
16,920
630
6,388
6,388

13