| 2022 | 2021 | ||
|---|---|---|---|
| Income | F | ||
| Donations and sponsorships |
37,092 | 18,762 | |
| Tax relief | 2,521 | 2,398 | |
| Bank interest | 0 | 2 | |
| Total income | 39,613 | 21,162 | |
| Expenditure | |||
| Romanian expenditure: |
|||
| Salaries and taxes | 23,807 | 22,605 | |
| Building and other |
10,203 | 8,696 | |
| Bank charges and | interest | 271 | 214 |
| Total expenditure | 34,281 | 31,515 | |
| Surplus/(Deficit) | ofincome over expenditure | 5,332 | ~15,353 |
| 2022 | 2021 | ||
|---|---|---|---|
| K | |||
| FIXEDASSETS | |||
| School building | 95,256 | 83,236 | |
| CURRENT ASSETS | |||
| English bank balances | 15,938 | 10,115 | |
| Romanian bank balances |
10,707 | 11,325 | |
| Cash in Transit | |||
| Covenant/Gift Aid tax relief owed |
2,521 | 2398 | |
| CURRENT LIABILITIES | 0 | 0 | |
| NET CURRENT ASSETS | 29,166 | 23,888 | |
| NET ASSETS | 124,422 | 107,074 | |
| RESERVES | |||
| Fund account | |||
| Balance at 1 September 2021 Surplus/(deficit) of income over expenditure Balance at 31 August 2022 |
for year | 39,679 5,332 45,011 |
50,032 ~10,353 39,679 |
| Building revaluation reserve |
79,411 | 67,391 | |
| TOTAL RESERVES | 124,422 | 107,070 |