REGISTERED COMPANY NUMBER: 02940127 (fi ngland and Wale8) RECISTERED CHARITY NUMBER: 1046737 Report of the trustees and Financial stateentS for the yeAr ended 30th June 2024 For Relitf Fund For Rom4nia Limited (A Compally Limitcd by Guarantee) Barnes Noble Ltd Unit¢c House 2 Albert ptace London N3 IQB
Relief Fund For Romania Limlted Contents of the financial ststements for the Year Ended 30th June 2024 Page Ref¢renee and Adminlstratlve det118 Report of the trustees 2tolO tndependent exa3nin¢r'$ r¢port li Statement of financial ¢tivi¢ios 12 Statement of finlldAI pth8ltloD 13 to 14 Not¢5 to the finaneil statoments 15 to 22
Rellef Fund For Romanla Umlted Reference and administrative details for the Year Ended 30th June 2024 Trustees Ms S D Hoyle Mrs G Achih&i N C RatLU J B Hoyle Company secretAry rAdr8 G Achihai Reglstsred offlee 18 Fitzbwdinge Street London London WIH 6EQ Reglgtered compaiiy number 02940127 (Bngland and Wales) Reglstered eharlty number 1046737 Indepelldellt examin¢r BarS Noble Ltd Unitec House 2 Albert Place London N3 IQB
Relief Fund For Romania Limited (Registered number: 02940127> Report of the Irusteas for the Year Ended 30th June 2024 FOR THE YEAR ENDKD 30th JUNE 2024 The members of the trnslees, who ar¢ the Irus¢e¢ directors of the Relief Fund for Ronla Limited pre8ent their report ld the audited financial sl&t¢meLts for the year ended 30th Jwie 2024. The tnigtees have adopted the provisions ol'Accounling and Reporting by Charities.. Slatem¢nt of Recommended Pra¢ti¢e applicablc to charities preparing their accounts ill aLcordance with the Financial Reporting Stsftdard appliGabl¢ irt th¢ UK and Republic of Ireland {FRS 102) (effective I Jatiuary 2015). WHO ARII W[1 We are a British charity, based in the Utc that raises funds and spends them in Romania. We Imve 2 full time administrntive staff and 10 charity shop Staff, We were formed by prominent Romanian exiles resident in the UK in 1989 after the ¢ollap8e of the dictatorship and wwe instrurn¢nÉal In publiGising the appa]ling plight of orphans and others in need. We played & major parl in coorditmting the enorn]ous ald rtsponse from all overthe UK and transported hLIEe quantities of emergency supplies. We helped to nelworli many independent aid efforts. In recent yetws we have set up and run various long-term sustiinable pi'ojects. WHAT WE DO We support various clLarilable pYoje¢ls helpinE the ohfildrell, the slc14 the elderly and other groups in need in Romania by providing financial and material aid and promoting awarth¢ss. We malnly fvnd long-tsrm community-b&8ed piojects through long term parthership. RESERVES POLICY AND RISK MANAGEMENT "I'he'l'rustees have Implemented a risk management strategy wbich comprises: a) a quarterly review of the risk8 which the ChltY may face b) th¢ eslablisEuD¢nt of systems and PToc¢dur¢s to mitigate those risL8 identified. ¢) the implementation of procedures designed to minimise any potential itnpaGt on th¢ Gharity should any of tho5¢ risks materiaLise. The Trustees monitor income, expenditure, and cgjli tlow thiDugh their quterlY meeting5. The Ti'ustees remain committed to lttcrea8lng the level of r¢serv¢s held. STRUCTURE COVERNANCK A EMENT Governing document The charity is controlled by its govei'ning document which were revised in 2023. The amended version8 We submiued to the Companies House and the Charity Commission. STATEMENT ofi TRUSTE , ' RESPONSIBI IE The ts'ustees (who are al80 the directors of The Rell¢f Fund for Romania Ltd. for the purpo of company law) 8 responsible tor preparing the Report of the TNsr¢es and the financial statements in accordance with applicable law United Kingdom Accounting Standards (United Kingdom GeneraIly Accepted Accounting Prnctice) including Financial 'Th¢ Rtlief Fund for RoillaiLia Tradln .Ais a owu¢d subsidiarx of ¢h¢ . ComL#nyJCoMpnO. 0276$741 R¢lief Fund for Rofftalll8 Ltd (Conipally 110: 02940127) VAT Reglstrntion nD: 726 6852 07 ALI. C'ORRCI SPOTr4DENCE TO: 18 Fltzh8rdlnge Street, London, London, WIH 6Ea
Reporting Standard 102 'The financial Reporting Standard appli}1¢ in lh¢ UIC and Republic of Ir¢land Comp¥ny law r¢quir¢s the Iruslees to prepEre financial skatement8 for each financial year wbich give a true and fair view of the state ot affairs ot the charitable company and of Ihe incoming r¢sources and applicatlon of resources, including th¢ income and expenditure, of the charitable company for that period. In preparAn8 those financial stalements, the trustees ar¢ requir lo - select suitable accounting poti¢ie8 and then apply them con5i3¢ently. observe the methods and principles in the Charity SORP. - make judgements and estimates that are reasonable and prudent. . prepare the financA?I statements on the going concern basis unless it is inappropriatr to presume that the choritable cotnpany will continue in biisiness. The trustees are i'esponsible for keeping proper accounting records which disclo8e with reasonable accuracy at any liine the rinancial position of tbe ¢haritabl¢ ¢ompally and to ¢nabl¢ them to en811r¢ that the financial 8t&temen15 Gomply witkn the Companie5 Act 2006. They are also responsible for safeguarding the assets of the charitable cotnpany and hence for taking reasonable steps for the pievention and detection of fraud al other irr¢gulariti¢s. In so far &8 the trustees are aware: - the 18 no Lrlevant audit information of which the charitable company's auditors are unaww'e. and - the trustees have taken all steps that they ought to h&ve taken to make theinselves aware of (my r¢levant audit information and to establish that the audltors are aware of that infonnalio REI VIEW OF ACTIVITIES June 21ll3Jun¢ 2024 GeneTal overvlew A8 of end June 2024 we were running 5 charity thops, employing 12 people. We ti'ansftrred 35,000 GBP to RomEmia to our main ptter organisatioo f4undatia de Sprijin Comunitsr www.tsc.ro' the donation was used entir¢ly for charitable purposes. We fornied FSC from our existing projects and senioi staff in 1997. They are now on¢ of th¢ leading tharities in Romallia and hav¢ wou u]any national awards fortheir work ImprounhofjhilnAlm IJA vlllrjrmal bunl FUNDATIA DE SPRIJIN COMUNITAR ORGANIZITIE NEGUVERNAMENTALA NON- PR¢1 ORGANIZATIE CU STATIIT DE UTILifATE PUBLICA {H.G.318J20Q5) ToVFax', 02344856S8 16cJo Web8lio: www.f8&10 FUNDATIA DE SPRIJIN COMUNITAWCOMMUNITY SUPPORT FOUNDATION With a t¢am of 150 employees and 340 volunteers we eared for 2,603 people from 10 rural cornmunltles, 2 e1tt¢5, 6 collntles. Speclal event5 and projects: 18 ongoing prtsjetts illv4)fving both our organiuti4)n aiid eolIaborations with other illstitutions and NGOS in Bacau. 20 mAjor event8 (special Activities campiigns gt¢.) 15 partn¢r high sclioolslcolltge5 We reeorded 40,000 hollrs of volunteer work, The R1¢f Fuiid foy Romanla Ti'a(Ilng Compathy {CompAny llo: 0276S741) Is A wlIDlly owued subsldlary Trf tlie R¢lief fiulld fur Roll14nii Ltd (Ctsmpany tto: 02940127) VAT Rcgistratlon no: 726 6852 07 ALL COIIRESPONDENCE TO: 18 Fitzhardlnge Street, London. London, WIH 6Ea
The Commvnity Awards Ca The story of the 21 st edition of th¢ Community Awai,ds Gala celebrated its wlnnets and the remarlrable people withiii the commullityl This ¢hai'itable event su¢ce&8fully raised approximately £72J71 to support rsc programs that transforni the lives of underprivlleged children and elderly individuals. This achievement was made possible solely through your support and involvement! '.? YAI Sonje highlights o( th¢ period - J_LComu no: 02765741) k # wlLoII 'rhe Rdiof.Fulld RumaUfia.Tr.¥dlnCQrnpn -0W¢4] su.bsldlar Rellef fiund for Ron)anla Ltd {Conip*ny no: 02940127) VAT Registi'ation no: 736 6852 U7 ALL C.ORRESPONDEINCE TO: 18 Fitzhardinge Street, London, London, WIH 6EQ ofthe
CreAtlve Care: An Erasrnus+ Project to Improve HeAlthearè for the Eld6rly Crtative Care is an Ei'osmii&F project dedicated to improving the skills and capacities of professionals workit]g dÈr¢ctly with the elderly in healthcwe institutions, inGludlng hospitals, day ¢¢nl¢r8, and residentiaL care homes.The project aims lo d¢llver art-bas¢d programs and ac¢ivities foi. older adult4 built on an inier8¢nerational and participatory approach, fostering engagement oreativity) and inprov¢d well-being among ihe elderly. CREATIVE CARE P4rtlclP&yrtI p¢rson%i1sheaIth¢4s¢tth ww.Li'e&tlVLcare ro ebt With the involvetn¢nt of 150 volunteen, ovei. 800 Children experienGed meniorable days, joy and celebratioi]s. A group of FSC volunteers iw be¢n trained to become leadet3 and project coordinatot3 for upcoming initiative8. These vis1onY young individuais are prepared to tE&e action through initiatives aimed at bringing p08itive change to society. So far, they h&ve demonstrated excgllence in the face of challenges and are inotivated to continue thelr pa'sonal developrn¢nt pro¢¢s3. Summer eamps row the ehlldrtn GrnduatlDn Da Every beginning inevitably comes with an end. CraduatAOn Day mEued the ¢on¢lusion of atL exceptional chapter for the volunteei's that exit the programm¢ and go ,,out into the world" They have left behind a valuable legY of involvement and inspii'ation. But every end also repi'esents an opportunity for a new beginning. On the sum¢ Friday} we opened the doors to a iiew stage through 0. re(nllent Gampaign, wh¢r¢ new'ly 200 enthusiastic your)g people Came to offei. their time and hearts to Volunte.1llg. The Rtlief Fund foi. RoinaDla 'fi'adlnE Compaiiy (Compaiiy 02765741 l 1$ li wholly owD¢d Sllbsldlary of th¢ Rolief 1nd foi. Ronillnfra Ltd (Coinpany no: 02940127) VA T R¢gi511'atioii no.. 726 6852 07 ALL CORREI SPONDLI NCI TO: 18 Fitzhardlnge Street, London, London, WIH 6EQ
Ootober- The Month Dedical¢d to Senknr81 We w'e hoiior¢d tg dedA¢ate these days kn the seniors, those who have inspired us and enriched our lives with Iheir wisdom and ¢xp¢ri¢n¢¢s. With gratitude, we prepared a series oeevents designed to bring them joy and provlde th¢m with a well-des¢rved place in the ear¢ of the ¢ommuni¢y', Workshop: SpeciiZed Services for the Seniors of Bacau. .,SÉNIOMllQI..' Harvest Day al Senior Vlllge Mllly Together with the TVR Iaii team, we created a healtfelt edition aljout our services dedicated to tld¢rly care and the positive Impact they hav¢ on the community, With the support of the Orxnierla team, we pi'oductd a fLlm dedicatsd to Senlor Village Milly, Charltable Evellts- SwAm#thon and Urban Run This year, we had a brnve team of 4 enthusiaBtic volunteers who parti¢Lpated in the Urban facing a 8¢ri¢s of exciting and fun challenges. In addition to experlen¢iDg an intense journey durlng the race, anoih¢r t¢arn of volunteers played a crucial role along the routs, assisting at key points and providing support to the participants. It was a wondei'fill day of 'riLe Relief.Fulld for ROmnia.Trad1n R¢lief Fund fur Romallla Ltd (Company n(b; 02940127) VAT ReglstttAon no: 726 6&52 07 ALL CORRESPONDENCE TO: 18 Fltzhardlngestreet, London, London, WIH 6EQ
teamworK detennination, and cotnmunity splritl CIL8rlty Campaigns We joythlly joined the initiative of the Galati Charnber of Publie Notaries to provide tangible support to fatnlli¢s severely affected by the recent floods. Through the mobilization of the community and the Eenerous contributions of our sponso, we were able to deliver food, ess¢ntÈat pri)du¢ts. and otber resources to Cudalbi Vli lag¢ lo help them Tebuild their bomes. We would like ¢0 express our sincere Ertititude to the 3pon3or3 involved, who Spllded quickly to our call ond, thmugh their Solid'[ty, made it possible for these families to receive the mwh-needed assistanG¢. The Relief Fulld ffrr Roinallla Tr¥¢(Ilng C.omi)nny (Compiilly 02765741} i5 wliolly own¢(I siibs1diry of tho R¢lief 111 foi. Romanla Ltd IConip*ny n(1: 02940127) VA T Registi'#tiTrll J]0: 726 6852 07 ALL CORIICI SPONDENCEI TO: 18 Fltzhardlnge Street, London, London, WIH 6EQ
Volunteer GAI December 5th- IllteTn&tlonal Volunte¢r Day) elebratsd in styl¢ by Ihg FSC Volunt¢¢r C¢nter.In a thunder ofapplause, ¢h¢ hundreds of voluntee present &t th¢ Ba¢au Volunt¢¢r3 G¥411 received appreciation frorn publlc autliorlties and teachers who atteTLded the ev¢nt. This special o¢¢a8ionhighlightsd the dedication and impact of volunteers, honoring their invaluable Gonlribution to th¢ community. Christmas CaJllpaigll$ for Children The spirit of a nagical Chrislmas took shape for t chlldren at the Llplel Clllbs, and with the help of our dear little elve3, we ¢el¢brated genern8ity through festive events that the chlldren will surely n¢v¢r forE¢tI Th¢ir infe¢tious enthusiasm, traditional carols, and the excltement of finally rec*ivlng the long-awaited gift of the ye. reminded u8 of the authentl¢joy thls hollday brings to our bewtsl Christmas Campalgns for eldery people We are filled with &tItUde as the 440 grandparents from 9 comtnunes and th¢ ¢ty of Ba¢au, whom we care for, have 81art¢d receiving tbe much-awaited Christmas packages! A heartfelt thank you to our 8tratsgic partners at Ilaufl4nd Romonla, who made this campaign Tho ReliefFMlld for Romattla TrudlniConipall Coj -J is # whollLown¢d siibsldlAILof.th¢ . ll 11th. 0276574l R¢llef fur RoniallAA Ltd (Comp#ny no: 02940127) VAT Registration no: 726 6852 07 ALL C.ORRESPONDKNCE TO: 18 Fltzhardlnge Street, London, London, WIH 6EQ
possible! "Women Who Tr#n$form Destlllies" Evtnt The 'ryVomen Who Tr*n8form Destlnies" event celebrated the strength, courage, and vision of the women who arlively involved in ow. communityl Th&se women are not only the main characters in their own life SLorAes but also ar¢hit¢Gts of b¢tt¢r, tt)ore equitable, and hopeful worlds. This event brought together FSC ambassadors who have contributed to our story> and to whom we owe oiir gratitudel We don't just dreans we build. we don't just hope, we act through our innovative idea8 that will shape futur¢ pr()ie¢ts1 W¢ inv¢st ill educntion, we invest ill the future. W¢ invest in children from a young ag¢ through Legal Educatlon session4 designed and adapted to their age. Through these sesgions, we provided students with a practical p¢rsp¢ctive on thelr rights and responsibilities, the functioning of the justice system, and how they can aGlively contribule to upholding th¢ law. We stmngly believe that education is the key to building a beller community. We continue to invest in the fiitLire of young people and Support initiatives thal make a diiference! Activ mWl¢- Crextivity and Innovation We passion8tely organized 5 prize competitions ci'eativ¢ workshops full of inspiration, an Open Doors Day, and over 5 weekend fairs that b1.ou}t joy to the coinmunity. Throiigh our w'oducts, we mallaged to brliig many Bmiles and beltIfUl moments into the Tlie Reliei fiund fo)" Romaiifia Tvadliig Co)npaiiy {Company 110: 0276$741) ts y wholly owned 8ubslth#ry of the Rell¥f Ifund for ROmnI4 Ltd (C.'onJpany no: 02940127) VAT R¢gisti'ation Jo: 726 6852 07 ALL CORRESPONDFNC:E'I'O: 18 Fitzhardinge Street, London, London, WIPI 6EQ
lives of those WILO ohose u8. FithtiadeSP(Ibieomufi*£l THANK YOU FOR JOINING US! Together we can do mor¢1 We appreciate the continuous support from RFFR Thank ou RFFR or eve thin we can do morel ther FvildtIfft de spri11 Coniuiiitur 28104125 Mrs G Achihai RFFR Director The. Relief Fund foi. RomaDla TradiniCDnipaiiy 0276%741. -Als.a wh(>llxoy.u¢d_subslJl#rLof.Ihe Rellcf Thnd for Romania Ltd {C,onip¥ny no.. l)2940127) VA T Rogi$tl'4tlon llo: 726 6852 07 ALL C.OIIRLI SPONDENCL TO: 18 Fitzhardlnge Street, London, London, WIH 6EQ io
Indep6ndent examIne5 report to the trustses of Relief fund for romania Ilmlted Independent ex&miner'5 report to the trustees of Rt]ief Fllnd For Romania Llmited {'th¢ Comp8ny') I reporl to the charity trustees on my examination of the accounts of ihe Company for the Ye ended 30th June 2024, R¢sponslbllltl¢s and bAsIs of report As the charity's trustee8 of the Company (and also its directOf3 for the purposes of con]pany law) you Lye responsible for the preparation of tbe aG¢ounts in aGGordattG¢ with the requirements of th¢ Compahi¢s Ad 2006 (%he 2006 A¢t'). Having satisfied myself that the accounts of the Cr)mpany are not required to be audited under Part 16 of the 26 Act and are eligible for independent examination, I report in respect of my examination of your chari¢y'$ accounts as carried out undei. Section 145 of the Charitles AGI 2011 {Yhe 2011 Act,). In carrylng out my examination I have followed the Directions given by the Ch'[ty Conunission under Section 145(5) (b) of the 2011 Act. tndependellt examiuer's stAtement I have completed my examination. I confirin that no matters have come to my attention in connection with the examination giving m¢ cause to b¢lieve: accounting i'ecords wei'e not kept in respect of the Company as required by Section 386 of the 2006 Act. or the ¥wounts do not accord with tlios¢ r¢rords' or the accounts do not Gomply with the arcounting irquirements of Section 396 of the 2006 Act other than any requirement tbat the accounts give a true and fair view which is not a matter constder¢d as part of an illdependent examination,, or the accounts have not been prepared in accordance with lh¢ meti]ods prAnGiples Df the Statement of Recommended Practice for accowiting and pOrting by charities (applicable to chai'ities prepartng their accounts in accoidance with the Financial ReportÈng Stalldard applicable in the UK and Republic of ITeland (FRS 102)). I have no concerns and have come aci'oss no other tter5 in connection with the ¢xamination to which aL'tention should be in thÈ3 1'ePQrt in ord¢r to enable a propw UndStanding of the aGGowits ts) be reached. omit Basu, FCA (Senior Slatutoiy Auditi>i') The Inslittite of Chartered Accountants in England and Wales Barnes Noble Ltd Unitec Ilouse 2 Albert Place London N3 IQB D&te:.,.,.,.... 28J,Q412S...............
Rellof Fund For R¢xnanla Llmlted Statement of flnanclal actlvltles for the Year Ended 30th June 2024 2024 2023 Unrostrlcted Total fund funds Notes In¢ome #nd tndowmonts from Donations and legacies Expenditure on Raising funds 9,855 Charitabl¢ activities Charitable activities Total 36,556 11,716 NET INCOM 14,144 22,991 Reconciliation of funds rotal tuttds brought forward 93,150 70,159 Total thnds earried forward 107 294 The notes fomi part of these financial statements 12
Relief Fund For Romanla Llmltsd (Reglstered number.. 02940127) statement of financial position 30th June 2024 2024 Unrestrlcted fund 2023 Total funds Notes Fixed agset$ Investrnents Current Assets Debtor8 Cash at bank 12 13 67,739 41,354 71,106 23,021 109,093 94,127 Credltors Amounts f&lling due withit] one year 14 {1,802) {979} Net Current assets 107 Total A%set% less ellrrent lixbllitles 107294 93,150 NKT ASSEIS 107294 93.150 Fundj Unrestricted funds 15 107 294 Totxl fllnds 107,294 93,150 The charit&ble company is entitled lo exemption from audit undei, Section 477 ot the Companies Act 2006 fL)r the year ended 30th June 2024. The members have not requirtMI the comL)atsy lo obtain audit of its fJnanGial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companie5 Act 2006. 'rhe trustees acknowledg¢ their r¢spon371)ili¢ie5 for {&) ensur11 Lhat the Charitable company keeps accounting i'ecords that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statetnents which give a true fair view of the state of affairs of the charitable compkmy a8 al the end of ¢a¢h finaucial yeEll' and of its surplus or defLClt for each fmancial year in accordance with the requirements of Sections 394 and 395 and which othenvise ¢omply with the requirements of the Coinpanies Act 2006 relating to fiiiattcial statements, so far as applicable to the charitable CopanY. (b) The notes form part of these financial statements 13 continued...
Relief Fund For Romania Limited (Regl8tered number: 02940127) statement of flnanclal posltion - contlnued 30th June 2024 These flnanciai statemen¢g have be<ll prepared in aocoTdat]Ge wtth the provisions appli¢fle to ¢harilable companies subject to Ib¢ small ¢on)pani¢5 r¢8im¢, The finanoial stalements wei'e approved by Board of Trust¢¢s and authori8ed for isSU¢ Oft ........... and were signed on its beha]f by: Mrs G Achihai Trustee 28104125 The notes form part of these financial statements 14
Rellef Fund For Romanla Llmlted Notes to the financial statements for the Year Ended 30th June 2024 AecountiDg pollcies ststtn)ellt of compllanee The financial slatemenls of tbe charitable compally, which ts a publi¢ b¢nefft entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Charitie8', Statement of Recommend¢d Pra¢tic¢ applicable to charities preparing their accounts in aGcordan¢e with the Financial Reporting Siandard applicable in the UK and Republic ot Ireland (FRS 102) (effe¢tive l January 2019),, FinallciAI Reporting Siandard 102 The Financial ReportinE Standard applicable in the UK and R¢public of Ireland, and the Companies Art 2006. Th¢ finthGial sW¢m¢nts have been prepared under the historical cost convention. Summary of sigllificant aeeounting policles and key accouiitlng estlmates The principal accounting poli¢les applied in the preparation of these financial st&tements are set out below. These policies have been consistently applied to all tbe yeurs prend, unles5 otherwisc state(L Basis of pYepRrntion Relief Fund For Romania Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at htstoriGal ¢95t or tran3oction value unless oih¢nYis¢ stated in the r¢l¢vant acGounling policy note8. Curr¢llcy The finatt¢tal statements are prepated iii sterling which Is also the functional currency of the cOmp]Y and TOUt)ded to the nearest poulld. Going ¢oneerD The trustees consider that there are no rnaterial utLcertaintie8 abolit the charity's &bility to conttnue as a going concern nor any significant e8 of uncertatnty that affe¢t tb¢ ¢arryin8 value of etS held by tb¢ ¢h8rity. Ineome and endoivm¢nts All income is recogni8ed th¢ charity has ¢otitl¢meut to the inGome, it is probable that the inooJll¢ will be received and the amount of the income receivable can be measured reliably. Donatlolll Alld legacies Donations are recogllised wben the charity has been notifi¢d in writing of both tho amoullt and settlement date. In the event that a don&tion is SLibject to conditio8 that require a level of performèjnce by the charity before the charily is entitled to the funds, th¢ InGom¢ is deferred and not reGo8ni8ed until either th08e conditions are fully m¢t, or the fliltilmenl of those conditions is wholly within the control of the charity and il 18 probabl¢ that the conditions WAII be fulfilled in the reporting period. Relief Fund For Rornania Liinited meets the definition of a public benefi¢ entity under FRS 102. Assets and liabililies are initially i'ecognised at historical cost or transaction value unless otberwise stated in the relevant awounting policy note5. LxpettdAture All expenditure 18 I'ecognised once there is a legal or constructive obligation to that expendiliire, it is probable sett'lement is required and the atnotmt can be measLw¢d reliably. All c05t5 are alloGated to the applicable expenditure hef4ding that aggreg&te sim11, costs to thAt category. Where costs cannot be dii'ectly attribiited to particular he&dings they have been allocated on a basis consistent with tbe use of Lesource& wffith centi'al staff costs allocated on the basi5 of time spenl and dePriation Charges &lli)ca¢ed on th¢ portion of the asset's use. Olher SLipporl Costs ui'e &llocat¢d bas¢d on the spread of staff costs. 15 continued...
Relief Fund For Romania Limited Notes to the financlal statements - contlnued for the Year Ended 30th Jun6 2024 A¢f ounting poll¢i¢s- ¢ontinued Raising funds These are costs incurred in attractiiig voluntary income, the management of investments and those incurred in tradlng tiVItieS that. Mise funds. Governante cosls These include the c[8 attributable to the clmrity's compliance with constitutlonal and statutory requirem¢llt& including audit, strategic management and trusteos tneetings aiid i'¢imbur8cd exp¢e& Taxation The clwity is considered to pa88 the tests sel out in Paragraph I Schedule 6 ofthe Finance Act 2010 and therefoi'e it meets the defiftilion of a charilable wrnpuny for UK corporation tax purp95¢s. Accordingly, the charity 18 potentially exempt from taxation in re8pecÉ of income or capital galns received within categories covered by Chapter 3 Part I l of the Corporation T&x Aot 2010 or Section 256 of the Taxatlon of Chargeabl¢ Gains Act 1992, to the ¢xtent that su¢h income or gains are applied exclusively to clwitable purposes. Flxed asset Invtmen1s Flxed a88el investments. other thatt programm¢ related itivestments, are included at market value at the balan¢e sheet date. Realised wains and losses on investments are calculated a8 the diffei'ence between 5aJes proGe¢d5 wid their mark¢t valu¢ at th¢ start of the year, or th¢ir subsequent cosL and are charged or ¢Tedited to the Statement of Financial Activitie5 in the period ot dispo8&1. Unttxlised gains and losses reprent the moveinent in markel values durlng the year atLd are Credited or chargeAI to the Statement of fiinancial Activities based on the market value at the year enLL Trad¢ d¢btor5 Trade debtors are amounts due from customers for m¢r¢handise sold or services pei'formed in the ordinary CO'se of bu8ine35. Trad¢ d¢btot's ar¢ CognIsed illltiaily at the transa¢tion price. They are subsequently measur¢d at amortised cost using the effe¢tive ittteresÉ method, le&8 pn)vision for iLY)paii'ment. A provision for the impainnent of trade debtors is establi8hed when there is objective evidence tbat the charlty will not be abl¢ to ¢oll¢ct amounts due accordlng to the origittal terms of the receivables, Cash and cash equivalénts Cash and Ga5h equivulents wmprise cash on hand and call deposits, attd othei. Shott-terni hlghly liquid inv¢stm¢nts that are itadÉly convertible to a known amount of c&8h and are subject to an insignificant risk of change in va]ue. Trade ereditors Tfte Greditors a obligations to pay for goods or services that have been acquired IL th¢ ordlnary ¢ours¢ of business fix)m suppllers, Accounts payable are classified as current Ilabilities if the chArity does not have an unconditiojwl right, at the ¢nd of the reporting p¢rio4 lo defer settlement of the creditor for at least twelv¢ months after the reporting date. If there is an unconditional right to defrr settlemenl for at least twelve month8 aft¢r the reporting dat¢, ttLey are pre8ent¢d as nOn-cUenI liabilities. Trade creditor5 ate recognised initially at the ILansaelion Price and subsequently measured at amortised cost using the effective interest method, Borrowlngfj lnt¢rest-beirtg borrowings are initially r¢¢orded at tair value, net of transaction costs, Inter&8t-bewing borrowings are subsequently carried at amortised cosl with the ditTell¢¢ between the proceeds, ne¢ of ts'ansactioii costs, and the amount due on redemption belng reoogn18ed as a charge to the Stateme]rt of Flnan¢lai Aotivilies over the period -oFthe relévan -b-O)Wing. IThn '¢xp¢nse 13 ¢r¢ ewgnis¢dTho he bl3 ofth¢ ¢ff¢GtiXv¢ Tst fft¢th7RlTrhdYffiolnded- as in interest payable and similar charge8. Botrowings are classifLed a5 ¢urr¢Dt liabillti¢s unless the charity has an unconditional right to defer 3etllem¢nt of the liability for at lea3¢ twelv¢ months after the reporting date. 16 continued...
Rellef Fund For Romanla Llmlted Notes to the financial statements - continued for the Year Ended 30th June 2024 AecounlinE pollelo8- eontinutd Fuod stru¢lure Unrestricttrj in¢ome funds are general funds that are &vailable'for use at ihe tnJstr¢es discretion in furtherance of the objectives of the charity. Donati0115 and legacies 2024 2023 Donation Subscription Income 47,2 3.410 32,067 Raising funds Other tradtng actlvltles 2024 2023 Other project costs 9.855 Chllritkblo llelivities eosts Grant funding of activities Direct Costs Totals Charitable activitie5 Tntee5, rernullerndon #nd benefrts No truste¢5. nor any p'sonS connecled wilh them, have received any remuneration from tb¢ ¢harity during the year. Trustees, expenses There were no tmstees, expenses paid for the year ended 30th June 2024 nor foi, the year ended 30th June 2023. 17 continued...
Relief Fund For Romania Limited Notes to the flnanclal statements - continued for the Year Ended 30th June 2024 Stlff eosts Th¢r¢ was 2 administrative staff and 5 churity shop 3tuff during th¢ year (2023., 2 administrative staff and 5 charity shop staffj No employee received emoluments of more than £60,000 during the year. Comparathres for the Statement of flnAnclAI actlvltles Unrestrictsd fund Income and endowments from Donations and legacies Expemdkure oll Raisirtg funds 9,855 Charitable a¢tivilies Charitable actiVLtie8 861 TotAI 11,716 NET INCOM 22,991 Reoollelliation of funds Total fund8 brought torward 70,159 Totsl fund8 ¢arrl¢d forward Analysts of goverllallce and support Costs 1024 2023 Independent examiner fees Oth¢r fees paid to examin¢rs Other governance costs 900 656 1,345 516 Total 1556 1,861 18 contlnued..
Relief Fund For Romania Limited Notes to the flnanclal statements - continued for the Year Ended 30th June 2024 Net fillcomlngl(outgoing) r¢$our¢¢s for tlie year Include 2024 900 2023 1,345 A¢¢ountanry fe¢5 Total 900 lJ4S io. TaJatlon The charity 18 a registered ¢knrity and is therefoi'e ¢x¢mpt frorn taxation. ii. Flxed Asset Investments Share In group undartaking Market value At Is¢ July 2023 and 30th June 2024 Net book value At 30th Julle 2024 At 30th Julie 2023 Their were no investment assets outside the UK. 12. Debton: 8moimts falling du¢ within y¢wr 2024 2023 Due from group undertakinE8 67,739 71,106 13. Cash at bank 2024 Total funds 2023 Total funds Ti'easuren account PaypaL 35,785 21,330 Total 19 continued...
Relief Fund For Romania Limited Notes to the flnanclal statements - contlnu8d for the Year Ended 30th June 2024 i¢k Cr¢dltors: amounts falllllg du¢ wlthln olle year 2024 2023 Trade creditors Accruals 9(Ml 1.802 979 15. Movement In thnds Net mov•ment in funds At 3016124 At 117123 UrtrIcted flliids General fund 93,150 14,144 107,294 TOTAL FUNDS 93,150 107,294 Nel movement in fullds, included in the above are a8 follows.. Incoming ResourGes Movement resources expended In funds Unrastrieted fun(b General fund 50,700 (36,556) 14,144 TOTAL FUNDS 50.700 36,556) 14,144 Compiratlves for movement ID thnds Net movement In funds At 3016123 At 117122 Unr¢$trletsd thnds General fund 70,159 22,991 93,150 TOTAL FUNDS 20 continued...
Relief Fund For Romania Limited Notes to the financial statements - contlnued for the Y8ar Ended 30th June 2024 15. Movement lu funds - c¢)ndnued Comparatlve net mov¢ment in fimds, included in the above are as follows: Incoming Resource5 Movement resources expended In tunds Unrestrleted thnds GeneraE fund 34,707 (11,716) 22,991 TOTAL FUNDS 34,707 11,716) 22,991 A current year 12 tnonths prior year 12 months combined position is as follows: Net movement In funds At 3016124 At 117122 Unr¢slri¢¢¢d funds Genettl fund 70,159 37.135 107,294 TOTAL FUNDS 70,159 37,135 107,294 A ¢uryent year 12 months and prior ye. 12 months combined net rnoveinent in funds, included in the above are as follows: Incomlng Rosources Movement resources expended In funds Unrestrlcted funds General fund 85,407 (48,272) 37,135 TOTAL FUNDS 85.407 48,272) 37,135 21 continued...
Rellef Fund For Romania Limlted Notss to the financlal statemants - contlnued for the Year Ended 30th June 2024 16. RelAted party dlsclosures During the year the charity made the followlng related paty Iransactions: Relie( Fund for Romania Trading Limited At the balgnce sheet date the amount due frorn Relief Fund for Romani& Trnding Limited was £67,739 {2023 £71,106). 22