Charity number: 1046997
ADVENTIST DEVELOPMENT AND RELIEF AGENCY – TRANS EUROPE
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
ADVENTIST DEVELOPMENT AND RELIEF AGENCY – TRANS EUROPE
CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 2 |
| Trustees’ report | 3 – 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes forming part of the financial statements | 9-11 |
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ADVENTIST DEVELOPMENT AND RELIEF AGENCY – TRANS EUROPE
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2022
Directors
R Kamal, Chair (to 01 September 2022)
D Duda Chair (from 01 September 2022)
N Jepuranovic (Secretary)
A Andersson (to 01 September 2022)
R Csizmadia (from 01 September 2022)
M Rock
P Johnson
K Holford
A WagenerSmith
D Stojkovic
I Sweeney (from 01 January 2022) D Neal (from 01 January 2022)
Charity Registered Number 1046997
Adventist Development and Relief Agency – Trans Europe
Principal Office
119 St Peters Street, St Albans, Herts, AL1 3EY
Independent Examiner
Silvia Vitiello, Kingston Smith LLP, 4 Victoria Square, St Albans, Hertfordshire. AL1 3TF
Bankers
HSBC Bank, 36 Chequer Street, St Albans, Herts, AL1 3YQ
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ADVENTIST DEVELOPMENT AND RELIEF AGENCY – TRANS EUROPE
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their annual report together with the financial statements of Adventist Development and Relief Agency - Trans Europe (the charity) for the year ended 31 December 2022. The Trustees confirm that the annual report and financial statements of the charity comply with current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommendation Practice (SORP) "Accounting and Reporting by Charities" effective 1 January 2015. The Trustees have taken regard of the Charity Commission’s guidance on public benefit.
The charity also trades under the name ADRA-Trans Europe (ADRA-TE).
Structure, governance and management
a. CONSTITUTION
The charity is constituted under a written constitution on January 1995 and is under registered charity number: 1046997.
There have been no changes in the objectives since the last annual report.
b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the written constitution.
c. ORGANISATIONAL STRUCTURE AND DECISION MAKING
The charity is governed by its Board of Trustees, appointed by the Executive Committee of the General Conference of the Seventh-day Adventists, Trans-European Division. Its day-to-day management is delegated to the executive officer, who is a trustee of the charity during the year, and who reports directly to the Board.
d. RISK MANAGEMENT
The trustees have assessed all risks to which the charity is exposed, both from internal and external sources, and are satisfied that systems are in place to mitigate the charity’s exposure to possible jeopardy.
e. RELATED PARTY RELATIONSHIP
The General Conference of Seventh-Day Adventists, Trans-European Division supports the charity by grants to cover its support and administration expenses.
Objectives and Activities
f. POLICIES AND OBJECTIVES
The principal object of the charity is to provide the relief of poverty, sickness and distress of those in need, resulting from the effects of war, famine or any other natural or man-made disaster anywhere in the world, regardless of race or religion.
In furtherance of its aims, the charity raises funds for distribution in the implementation of humanitarian projects in under-developed countries. Programmes involve primary health care, disaster preparedness and response, education and economic development.
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ADVENTIST DEVELOPMENT AND RELIEF AGENCY – TRANS EUROPE
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
Achievements and performance
g. REVIEW OF ACTIVITIES
During 2022, the charity provided funding of GBP 22,638 from its project funds to ADRA offices in Hungary, Poland and Slovenia, for Ukraine Project, and ADRA United Kingdom office, towards COVID-19 awareness programme.
Financial review
h. RESERVE POLICY
General Reserve
ADRA-TE is a membership-based charity with the objective of responding to development and relief needs of people in communities around the world. As a mainly coordinating and support office for the country offices in the Trans Europe Region, we do not have many donations or funds coming into the charity. The General Conference of Seventh-day Adventists, Trans-European Division is responsible for the employment of the staff in this office and its operating expenses; therefore, there is no need for a high level of reserves. At the year-end, the charity had reserves of GBP 242,204 (2021: GBP 214,823)
Project funds
As ADRA-TE occasionally receives small donations or legacies from the public and seeks to disperse these funds according to the donor’s wishes, no reserve is necessary.
Emergency Reserve
Our response to international emergencies and disasters is dependent on requests that come from the ADRA country offices in our region. Any support will be in conjunction with funds that have been accrued from the annual appeal offering for disaster and famine relief, and to this end ADRA-TE received GBP 15,984 of the funds raised during 2022. Our aim is to hold an emergency revolving project reserve of at least GBP 20,000 to enable us to provide immediate assistance at the time of a disaster.
Residual Funds
ADRA-TE makes every effort to apply all funds for the purpose that they are given. When and if there are, any residual funds left over from a project, ADRA-TE reserves the right to apply such funds for a similar purpose, or to return the funds to the donor where identifiable. The trustees will make application to the Charity Commissioner where these criteria cannot be met for the use of such funds similar purpose, or to return the funds to the donor where identifiable. The trustees will make application to the Charity Commissioner where these criteria cannot be met for the use of such funds.
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ADVENTIST DEVELOPMENT AND RELIEF AGENCY – TRANS EUROPE
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
i. FUTURE DEVELOPMENTS
ADRA-TE will continue to provide support to the offices within the Trans-European Region. With rapid changes within civil society and ever shrinking resources, the need to have effective networks is greater now than ever before. As part of the international ADRA network, time and resources will be taken to strengthen new standard mechanisms as we continue to recognise our responsibility to the disadvantaged and those who are in need. ADRA-TE is engaged in this process and is supporting efforts to strengthen professional standards in each country office.
Special focus and attention will be given to the Disaster and Famine Relief Appeal which is undertaken in May each year. Through the funds collected, ADRA-TE will continue to support rapid emergency response initiatives and capacity strengthening of emergency operations.
ADRA-TE will continue to strengthen its immediate and appropriate response to natural and man-made disasters in the Trans-European Region. In addition to responding to these disasters, ADRA-TE and is working with its partners to develop appropriate approaches in disaster mitigation and preparedness throughout the region.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The Trustees are responsible for preparing the Annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Law applicable to charities in England and Wales requires the directors to prepare financial statements for each financial year. Under that law, the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting practice (United Kingdom Accounting Standards and Applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on a going concern basis and to in principle to observe the practices of the Charity SORP (unless it is inappropriate to presume that the Charity will continue in operation).
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state whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements.
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ADVENTIST DEVELOPMENT AND RELIEF AGENCY – TRANS EUROPE
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees on 04[th] May 2023 and signed on its behalf by Nenad Jepuranovic.
……………………………… Executive Director
Date: 04[th] May 2023
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ADVENTIST DEVELOPMENT AND RELIEF AGENCY – TRANS EUROPE
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2022
| Note INCOME AND ENDOWMENTS FROM Donations Legacies Investments EXPENDITURE ON: Charitable activities 2 3 OUTGOING/INCOMING RESOURCES Transfers between funds NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Funds at 1 January 2022 6 Funds at 31 December 2022 6 |
Restricted Funds Unrestricted Funds Total Funds 2022 2022 2022 £ £ £ 50,566 - 50,566 - - - - 257 257 50,566 257 50,823 22,700 742 23,442 22,700 742 23,442 27,866 (485) 27,380 - - - 27,866 (485) 27,380 214,822 - 214,822 242,204 - 242,204 |
Total Funds 2021 £ 23,323 - 2 |
|---|---|---|
| 23,325 | ||
| 17,127 | ||
| 17,127 | ||
| 6,197 - 6,197 208,625 |
||
| 214,822 |
The notes on pages 9 to 11 form part of these financial statements.
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ADVENTIST DEVELOPMENT AND RELIEF AGENCY – TRANS EUROPE
BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2022
| Note CURRENT ASSETS Debtors 5 Cash at bank and in hand CURRENT LIABILITIES Creditors TOTAL ASSETS LESS LIABILITIES CHARITY FUNDS Restricted Funds 6 Unrestricted - Designated Funds 6 TOTAL FUNDS |
2022 £ 22,762 219,441 |
2022 £ 242,204 - 242,204 159,165 83,039 242,204 |
2021 £ - 218,537 |
2021 £ 218,537 3,714 |
|---|---|---|---|---|
| - | 3,714 | |||
| 214,822 | ||||
| 143,181 71,642 |
||||
| 214,822 |
The financial statements were approved by the Trustees on the 04[th] May, 2023 and signed on their behalf by:
……………………….. N Jepuranovic
The notes on pages 9 to 11 form part of these financial statements.
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ADVENTIST DEVELOPMENT AND RELIEF AGENCY – TRANS EUROPE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with “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 (FRS102) (effective 1 January 2015) – (charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
Adventist Development and Relief Agency – Trans Europe meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value.
1.2 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
1.3 Incoming resources
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.
1.4 Financial Instruments
The trust only has financial assets of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
1.6 Resources expended
All expenditure is accounted on an accruals basis and has been included under expense categories that aggregate all cost for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.
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ADVENTIST DEVELOPMENT AND RELIEF AGENCY – TRANS EUROPE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
2. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE
| Humanitarian Aid | Restricted Funds Unrestricted Funds Total Funds 2022 2022 2022 £ £ £ 23,442 - 23,442 23,442 - 23,442 |
Total Funds 2021 £ 17,127 |
|---|---|---|
| 17,127 |
3. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES
| Grants to institutions: ADRA-Hungary ADRA-Greece ADRA-Serbia ADRA-Poland ADRA-Albania ADRA-Netherlands ADRA-Croatia ADRA-Slovenia ADRA-Montenegro ADRA-Slovenia ADRA-United Kingdom TOTAL Grants ADRA Student sponsorships ADRA Community projects Support Costs |
Restricted Funds Unrestricted Funds Total Funds 2022 2022 2022 £ £ £ 3,838 - 3,838 - - - - - - 7,576 - 7,576 - - - - - - - - - 3,788 - 3,788 - - - - - - 7,436 - 7,436 |
Total Funds 2021 £ - - 12,734 - - - 2,427 - - - - |
|---|---|---|
| 22,638 - 22,638 - - - - - - - 805 805 22,638 805 23,442 |
15,160 106 1,129 732 |
|
| 17,127 |
4. FEES FOR THE EXAMINATION OF THE ACCOUNTS
During the year, the charity did not pay any fees to its independent examiner.
5. NET INCOME (EXPENDITURE)
During the year to 31 December 2022, no Trustees received remuneration (2021 – £NIL). During the year to 31 December 2022, no Trustees received any benefits in kind (2021 – £NIL). During the year to 31 December 2022, no Trustees received any reimbursed of expenses (2021 – £NIL).
6. DEBTORS
| Amounts owed by connected undertakings | 2022 £ - |
2021 £ - |
|---|---|---|
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ADVENTIST DEVELOPMENT AND RELIEF AGENCY – TRANS EUROPE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
7. STATEMENT OF FUNDS
| Designated Funds Project Funds Restricted Funds Disaster & Famine Relief Total Funds |
Brought Forward Incoming Resources Resources Expended Transfers Carried Forward £ £ £ £ £ 71,642 34,839 (23,442) - 83,039 |
|---|---|
| 71,642 34,839 (23,442) - 83,039 |
|
| 143,181 15,984 - - 159,165 |
|
| 143,181 15,984 - - 159,165 |
|
| 214,823 50,823 (23,442) - 242,204 |
8. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Current Assets | Restricted Funds Unrestricted Funds Total Funds 2022 2022 2022 £ £ £ 159,165 83,039 242,204 159,165 83,039 242,204 |
Total Funds 2021 £ 214,823 |
|---|---|---|
| 214,823 |
9. PARENT ORGANISATION
The charity is controlled by the General Conference of Seventh-day Adventists, Trans-European Division by virtue of its right to appoint the trustees of the charity.
10. RELATED PARTY TRANSACTIONS
At the year end the charity owed £NIL to its controlling entity (2021: £3,714 owed to its controlling entity), the General Conference of Seventh-Day Adventists, Trans-European Division.
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