Charlty rnglstrntion ntsmb•r 1076936
THE PHILADELPHIA TRUST IN EASTERN EUROPE
ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

THE PHILADELPHIA TRUST IN EASTERN EUROPE
LEGALAND ADMINISTRATIVE INFORMATION
Trn#te•
K Bathvin
M Bartlett
R Brind
D Ford
B Jenkins
(A￿￿n￿￿ 24 Marth 2023)
A Sarm
P Thomas
{Arwinted 1 O¢tobor 2022)
Charity numb•r
(ApFKxnt8d 24 Marth 2023)
1076936
PrIn￿PaI addr•
13 CkJs Enfys
Caerphdly
CF83 ISB
Independ•nt examln•r
ART Ats))untants Limi
Grwnd Fknr
11 Manvers Street
BA1 1JQ
Bankern
Uoyds Bank pfc
31 I￿￿en Street
Cardrfr
CF102AG

THE PHILADELPHIA TRUST IN EASTERN EUROPE
CONTENTS
Stsiement offinan¢ial ac*vrt
Bdanc* sl
Notes to the fina[￿[ s￿em￿nts
6-13

THE PHILADELPHIA TRUST IN EASTERN EUROPE
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The finandal stat8monts ha￿ baon prepa￿ in wlh the a¢?￿nti￿j pK4kies set out in not8 1 to thè
flnan¢ial 8tatemgnts CoM￿Y wilh the Charitys Tmst Deed. the Charfties Act 2011 and 'A￿o￿nting and
Reporting by Chartties.. Stslement of Re(#)n￿￿n￿ed Praclica applicat4e to charitle5 preparing their accounts in
aeL#Jrdan(% vrith the Financid RepJthvJ Stsndard apKI￿at48 in the UK and Republic of IrelaThJ IFRS 102).
(effectiv8 1 January 20191.
ObJxtlvM and actlvltloB
To organlse and d￿ribUte mat8rfal 8kl to Ch￿lIanS thcts In Mod arthj EaBtem EunJp8.
To supwt Blbl8 T8ach*B operatN￿ thr[wh￿rt aThl Eastem Ew.
To 8UPK￿rt èvangellsm thro￿*￿￿rt c￿ aiKI Ea8twn Europe in ts ￿nY f￿￿5 that it takes.
To SLWPOrt oth8r acti¥lUes tho TrLthes shau deem to be tr the of the Gosw kn Central and
Eastem Europe.
Thé tnJst8es h8Vo paid duo regard to gU￿anCe isw*J by the Chwity Cc#nThi85AM in da¢•Jing ¥knal acbvlbes
Chartty should utxlertake.
Achlev•mont• and p•rforn*nce
The Charfvs incom8 is d6rN¢d frtvn gifLs recei¥￿ from Chur&￿. AssemtAi98 and oth&r Charftat48
Organisatirms. No mrw wfil bo recmd by arry wblic apFwI. Thg Twsl has not tr*d in anyway during 2022.
Currenly the Trust868 a￿ four pers￿ who havg retThl frc¥n paid wniAoyment and are now 8erving th& Lord. t%
who are in paid en7ploymont and ono who 15 at CoU8ge. Tha ayn of all the trustees is to ensure that
the objeth￿ aThlAthvlties ofTh8 Trust aro ftifiifed.
The trustees a minimum cl 4 nwtiry eath yg8r. Tr m8effThJ W In January Is con&dgreil to be the
Annual General Meeung. M88ting may be hdd in or ￿1￿9 a fa(ilty suth as z(￿ whare in pe￿n meetings
are not POS8ible. The meetirvJ Wd In the nM)nth of SeptwnbwKkXcthr lo rpy1￿ the 8ctsvlti88 of the Trust
during the
Trustees are also in regular eac* ottw (m w a￿￿)¢ ba8i* 4 aTrJ when Iha naed aiiw. DL￿Ong the
year the 2022 this l)a8 bgon very froquant kn to war sbA*Jn in Ukraing.
Flnancl41 r•TA•w
The attached sl8te the in(x)Thp al￿ è¥pendrture of the TnJsL The Irusle88 arg plèased to plac& on
Tgcord the faithftln88s of the Lord in enabliw them to continue the ofts Tn￿l
Dudng thg year 2022 many Chrithn charitsb￿ ouses ￿￿e supported that operate thr￿gh0￿ Central and
Eastern Europ8 lo the sum of £330.613. Of this sum £326,310 was sent to Ukraino or to the T￿￿1$ trusted c
workers who operate Ukraln8. £6fyJ was s8nl to trkKwy. £1.1th wa$ Sent to Pcrf￿￿ aThJ £2.703 to those who
support centr￿ and E8Stem Europ&gns.
11 1$ good to roport a 8ub3tantial incrpage in of thè during 3)22. The is prtmarily du8 to thg d88ir8
of Indlviduals, Churches, A88emb1￿ and oltw charitab￿ TrL￿ts to supwt th8 n8eds of Ukraine followng the
outbreak of war on the 24 Febwary 2022. Ch8riUes Incoma rw during 2022 £23.604 in 2021 to £360 304
in 2022. It is unlikely that thi5 level of in(xJn* WNI be sustained for c¢xning years twJt th8 trustees I￿k to the Lord to
$upply the ne&ls ofthose tho1 Ihey seek to FAWPrt
The annual ovgrtwds of th8 trust an¥JJnt to £11.195. In k> trms £8.66S was paid as tra￿ling eX￿Se8 10
trustw and k) Ihos8 Supporting the th of the Charity.
Th8re wa$ one addltknn￿ oxpense Of£5,7￿ kn the Chaiity a nLrmber ofpwe so that they were abla
10 8ttend thfy Intsmationa Corrfww anarKJe eath year. Th18 y6ar nTh)st of the 8UPPOrt was ft
Ukrainlans.

THE PHILADELPHIA TRUST IN EASTERN EUROPE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2022
AJI ol the reciplents of girls arg kr*Y￿ to the trusta05 armj have eittw been ￿￿Tt￿j or invil&J to (x)m8 lo UK to report
on their acbvitie&
Structur•. gov•rn•nc• and m*nagom•nt
Th8 Chartty was esta￿lsh￿d on 10th October 1998 arKI Is reg￿red *Ylh the Charity Commk88KJn No. 1076936. Th&
Charity 18 an unlnc1Jr￿at9d bcrfty whose ￿¥8ml￿g b(>ty is a Trust DW. The TNstoes belie￿ that they p058es$
the necessary physical heath and strer￿, spijitijal aptitude. rplev￿t experie￿*. tima and anergy for tho
￿m￿oInentatIon of the Wicres aThJ the smcth running ofthe acbviw ofthe Tn￿L
Th8 trusteeg ￿ 8eNed yeara￿l up lo th& date ofsignabjre oflhe finaniial StateM￿ts we￿.
K Baldwin
M Bartlett
INwointed 24 March 20231
R Brind
D Ford
B Jenkins
Forr
A Samu
P Thomas
Z Whiteh
(Apwiited 1 (knthr 20221
{ApwMnted 24 Marth 2023)
When tt b￿0ThS apparent that • naed through age. Illness, fvrther dev¥opment of the a¢tNits&s of the Trust or any
other cause is Ilkely to arise, steps aTU taken to appoint an additi￿* Trustee the rfght qualitle5. 8bilittèS
expsrience and time. the aim ￿Ing to maintsin a balance of mabjrity, professronal skills. Chrisltan maturity and
knowledge of apprDprlate Christian througw Central and Easlem Europè wthich mtqht benefft the help
that the Trust is ab16 to prov¥Jg. The apwnlmgnt Is mat1e by ncvninatim of anots trustee and the sècondirKJ of
another trustee. Eath new trustee Is made awar8 of the Trust Ij￿ and given a ¢￿pY rA thè acc¥)unts.
PvbJl¢ ￿nefft
The Trustèes havè famillarised t￿S￿ve$ Thlth arKI whlea*yJr to keep unrler an thè m8ndatory and "good
practice. ￿qUirements Ihal are pub￿shed by the Charity Commission from time to time. induding PUt￿le Benefft
Guidance. They wsider that the actrvib88 und￿take by the T￿￿1 were in dyect fijrtherw of its thariti￿e
purp0908 for the t*nefit
The trust8es' report w8¥ approved by ofTNstse&
P Thomas

THE PHILADELPHIA TRUST IN EASTERN EUROPE
INDEPENDENT EXAPAINER'S REPORT
TO THE TRUSTEES OF THE PHILADELPHIA TRUST IN EASTERN EUROPE
I r8FMJrt to the tnjstees crt) my examin8th)n of the fin￿￿481Sta￿Me￿ of Th8 PhI*￿ph￿9 Trust In Eas1￿ Europe
(the Charity) for th& year ended 31 D￿ember 2022.
R•spon81bllltl•• and ba¥ls of rw>ort
the requirer￿nts of the Chaithaspd 2011 {tr* 2011 Act).
l report in reSF*rt of my examinalion ofthe Charws finanr*l **m8nts (Mjt und•r 8e(lion 145 crf the 2011
Act. In ¢arryiTrJ ¢)ut my examlnallon I have frjlmd all ￿ aptlk*bl& gp40n by Charity COMMI￿On
under srttion 145(5llb) of the 2011
Since Chatys gros8 irK))r￿ eX08d￿ £250,CW ok￿lner bo a n￿rnb9r of a tody listed in Secdon
145 of the 2011 ACL I C(￿rM that l am qU￿lfied to u￿ake Ihe exam1t￿M)n be(*uso l am a member of the
Your attenllon is drawn to the fact that the ¢harfty has prepared financwl statwnents in 8cc(*danee ￿th Acrounting
and Reporbn9 by Charibes prBparing th&r accthnb the FinwKial ReF#Nting Standard appl￿ble
In ts UK and RepU￿1C of Iroland IFRS 1021 to th8 Accounting arKI Rekwtsng by Chartlies.. Statsmant
of Recommonded Practrcg i5su&J on 1 2Crf)5 Vltiith 15 reteffwj to ￿ Its oxtarrt T8￿￿ati￿ hgs b8en
Ihdravm.
l understand that this has beén dcne in rsiler for financi￿ ststarrMts tr> WOVK* a an(1 falr vi8w in acoxdancè
th GenwdlyAcceptedAco)unlw¥ Pr¥ke efffjdr￿ for rBpytiry bryiming on or after 1 January 2015.
examin8tion gNFng me tsuse to Wieve that in ￿Y materi* respoct
accounting records ￿re not kept in rg¥*rt crf Charity as rgquired by ￿ 130 olthe 2011 ￿. or
the fln8ndal statsments do not a￿)r￿ *ith tt)osg rwds: r
the financl81 st8t8ments do Tr)t L>)rn￿ Mil) ￿ applicablg requrrements ￿cerning th& fom and conlenl of
accwnts set fyjt In the Chaiibos lAC￿lnts aThJ Rep￿} Regulations 2tJ)8 other than any requirement that the
8cc¢yJnts give a true a￿j fairviww ￿ is rxA a matter (%msitl￿ as part of8n irK*peThlont examlnation.
should b6 drawn in this reFQrt in ordgr to enabte a proper ofthe finanod *at￿n￿ts to b8 rethd.
Ilr P J Barton FCCA
ART Accountants Umlt
Ground Flc*)r
11 Manvws Street
BA1 1JQ
[ LOZ3

THE PHILADELPHIA TRUST IN EASTERN EUROPE
STATEMENT OF FINANCIAL ACTMTIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
lund¥
2022
fvnds
Totsl
fvnd¥
2021
2021
2021
Donations arhj
lega(ies
Investrnents
21.627 338.659 3eo.286
18
18
11.4(
12.195
23,601
T¢Aal Income
21.645 338.659 360,304
11.409
12,195
23,804
ndmu
Charttable activ￿8$
16.928 ￿,
356.893
4.779
16,559
21,338
Not Incom￿1•xpo￿dI1urn)
for th• ywrl
Net mov•ment In funds
4.717
11.Xffj)
3.411
{4.3641
2.266
Fund balances at 1
2022
26,319
11.538
37,857
19.689
15.902
35.591
Fund balanc0$ at 31
D•¢emb•r 2022
31.036
10.232
41,268
26.319
11.538
37.857
Tha ststgment of finan¢ial &tNII￿ lYK4ude5 all gans armj Ios8es r•xwJni•J In the yew.
l income and exp￿d￿ d¢rive from ac￿￿88.

THE PHILADELPHIA TRUST IN EASTERN EUROPE
BALANCE SHEET
AS A T 31 DECEMBER 2022
2022
2021
Curr•Trt •S8ots
Cash at bank and In hand
41.988
37.857
Cr￿lt0￿. amounts falllng du• wlthln
on• year
10
(720)
Net ojrrgnl assets
41.268
37.857
Incom• fund8
Restricted fund8
Unr•8tricted fvnds
11
10232
31.036
11.538
26,319
41,268
37.857
The financial stslements We￿ aFryXDved by the Tru5t8es on .........................
R8rin

THE PHILADELPHIA TRUST IN EASTERN EUROPE
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 DECEMBER 2022
A¢countlng P￿1¢￿•
Charlty Inform￿0
The Ph￿adelphIa Tn￿ In Eakn EurDpe ¢ an Unl￿[x￿a￿ T*tK>se w4wning trtxly 18 a Tw$1 Doad..
1.1 Accountlng conv•ntlon
The financial statements been prepared In accordanc* wilh the Charrvs tgovemirwJ dr￿mentI, thg
Charities Act 2011. FRS 102 The Financial Standard apF4icable In the UK Republic of Ireknd.
rFRS 102.1 a￿1 the char￿eS SORP 'AccoJrfirvJ and ReF*Nting by Chanties.. Ststsment of Recomrrthded
Pracb'eg ap￿l￿tIO lo charitias preparirwj theK a(vJunLy in aQXxda￿ with thè Finanwl RetK*rtrng StarKlard
applicable in the UK and Rewt4ic of IrelaThJ {FRS 102)" leff&#p￿ 1 January 2019). Th8 Charity is a Publlc
Benefft Entity as defiwj by FRS 101
The Chaiity has tsken of the Ixo¥ishM in ts SORP kn ¢tharib￿ not to proparo a Statement of
Cash Aows.
The finan(aal slatements Ilep*ted from the Cttaribes {AcC￿nts and ReKM)rts) Regulatior￿ 2008 only to
thg extent roquired to provide a true arKI fair vithv. This d8partyre h83 illvLknd k41owing thg Statoment of
RecommeThJed Practi¢e for c1will￿ appmng FRS 102 rather than the ￿Tri0￿ of the Stslem8nl of
RecoMw￿ed Pracdce whth 1$ referred to in thg Reg(dati￿$ but has since been wrthdrawn.
The flnanckl slatements are prepared in sEerfirwJ. i8 the fvrthrfwl c( the Charity. Monatsry
anTh)unts In tW finarhid statements are r￿nd￿J to the west L
Ides odopt8d aro 88t (Krt bekxf.
12 Golng concern
Al the h.me of approving the finano¥l statem￿ts, Ihg trustees have a rBagMaNo exp¥Aabtin Ihat the Charlty
has adequate T8%￿rCeS to tymtinue in for fmeeatAe future. Thus th6 truslèes
ntinue to adw the ¢￿￿￿n basis cé accountirg in preparwvj tha finaniial statements.
1.3 Charll*bl• funds
UnreStric￿j fuNI8 are avallablg for ￿ at the trustees in furtherance ￿ their tharllable
objectives.
Ra8lrictèd funds arè wjbjèct to ¢>)r)dTtions ty as to they may bo us8d. Tho purpow and
Endowwt fvnds arB suw to specik thiliLTh by that the must be maintsln8d by the
Charity.
1.4 Ineom•
Incorne is recogni￿ the Clkglity is 1894ly to il after Fthnce have be8n
mec the amounts can be Thwured rdialty. a￿1 trt 18 wrknble that irK(rfno will b8 rgcthd.
of the don8tion. unl888 wfwmance ¢onditk)ns reqLtirv deferlal of the amount IrK￿M• tax rgcov8rablè in
relatson to donations wivwj under GIftAKI ty d88ts ofcovenant Is reojgniwl at the timè ofth8 donalion.
Lega¢48s awe rel￿gnI￿ ￿ rnc8¢* or othgwso If the Charity has te8n nottfi&J of an impendrTrJ dislribulion.
the arnounl is known, and T￿lpt L8 extKc*8(J. 11 the arr#yJnt 18 not kntr￿. the legacy is treatsd 8S 8

THE PHILADELPHIA TRUST IN EASTERN EUROPE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2022
A¢Munttng polld
(C¢)ntlnu•d)
1.5 ExP￿ditUr•
ExpendltsJr8 Is roc*)grMsed onc• theT8 * a legal c* ¢x>n8tsuctFve obJp3atk)n to tr8nsfer economic benefft to a
third p8ty, it is probable that a transfer of bènefrts Will b9 required in setUemeM, and the arTrJunl of
the thlvJation (sn b& Mg88u￿d ￿l￿bly.
ExperKliknre is ¢Jasstfied by &livity. Th8 ￿>S19 of are mad¢ up of thg total of dirgct costs and
shared costs. indudlThJ SUPF¥Yt costs invdved in ur#Yertakkng èach a&Mty. f*ts thbutsNe to a slngle
actthty are Bllocat•Y directy to that •¢bty. Shar&J c￿￿tri￿A￿t9 to more than on8 athty and
support costs wthlch aro not attriWable to 8 singlo are tetwe8n thosa 8diviti95 on a ba8iS
cyJnsislent ￿th the u8e of r9$￿Jrrth. Central staff txEts ar• on Ihe ￿lS of timg span( and
depreciation charges are dk*¥ted on of thè a88efs u8&
1.6 Cash and ca$h oqulval•nts
Cash and cash oquiv￿8nts inc*Jde c88h In h￿, dèkX)%ts hdd at C811 vthh banks. other short.term liquid
investments vrilh ￿ginal matuwilies r# three or1958. bank t7¥wdrafts. Bank overdrats are shown
thin borrwrgs in fAwrerrt li8bililie
8ask flnanekl assots
Basic financial assets. ￿[¢ti Ind￿8 debt0￿ 8nd txsh arKI bank balances, are initlally measured at
transaction price indudirvj transact￿ costs and are subs8quenty carried at anTh)rbsed cost U81ny the offeclfve
Intsrest methcAI un18ss ts wrangement a finan(irrfJ transacbon. whgro the Ir&rK8aetion r8
measured at the pr¢88nl v4u8 crf the kn ￿lpts dis¢ounW al a market rate of Inter￿ Fina￿•1 assets
Baslc fln•n¢tsl llablllU•s
Bastc firtan(¥al Ilabiliues. Ir￿jUd1rrfj bank loan8 are inrtwly rw)JgTh88d gt transactlon prke unle8$
the arrangem¢nl a finanw transaetion, the debt instrument Is rn￿ured al the presant
V8luo of the fubjro payments dlsownbj at a mothot rats of intwest Financid Ib&bS1ilies dasslfied as payabla
vlthin ¢Me year a￿ not aThytls￿.
Debt instrumonts are at c4)sL the ¢ffth ￿t￿est rate meihc#l.
Trad8 ¢AitOTS are obltgations to pay for gc¥>d8 cr wviix that habp au]uir8d in the (￿Inary courne of
oper81ions from 8upk4iers. Anmxjnts pays￿9 are daSSi￿ as gjrwt ILaLYlib8s rf paymant is due within (Me
yg8r or less. If noL they are prgsentsd as nOr￿(￿J￿t lia￿1[￿0$. Trade c¥8ditors are rectgniseil inthally Bt
Der•eognlllon of fln•nclalllabllltl•s
Fin¥ncial liabilities are dere{xJgni￿ kn the Clwilys ewre or are dl8charg&J or
c8nc811¢d.
1.7 Employ￿ b•n•fft•
The C￿t of any unus•J i8 TwJniwJ in tho pw*)d in Tfvthich the eMpl￿'S services arg
we￿1V￿1.
to tewminala the ofan emfv or to kyovkle t8rrninat￿ ￿nefits.

THE PHILADELPHIA TRUST IN EASTERN EUROPE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2022
In the applirabon of th8 Charws a(XX￿n￿ng the trustè8$ aT8 to makg j(tyJgements,
estimates and assumptions about the ￿￿ling amunt of a$sets and liabiliiies that 8re not Teadily apparent
from other Bources. The estimates and asw*ed assumptK)n5 are based on historical ex￿￿k￿Ce and othef
f8¢aors that are conshlergd to b8 rd8vanL A¢lu81 results may differ from th8so estimat&s.
The estimates and Undorf￿n9 as8ump1l￿ are revi8**d ¢xwng basis. ReviS￿S to WX4xJnling
88￿mateS are reccgni$8d in the p8rK*J in th6 6stimata is revi*Y ¥there the levisK￿ Bffarts onty that
Feriod, or in the porkxj of the remsion aThJ future PWKKIS Ihe revisicffl affects both IxJrr8nt and future

THE PHILADELPHIA TRUST IN EASTERN EUROPE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2022
fund•
funds
Inter88t Tecewble
18
Grants payabl•
Ml•sl?nary Mlsslonary
support
¥upport
2021
Grants to Insbtutsc￿s and Indmduals..
C￿ntry SupFQrt- Hungary
County Support. Pc4and
C(KJntry SuprKJrt- Ukralne
1.0(Ml
326.310
2.703
9.Q40
116
330.613
10,OS6
Support co•ts
Support Go¥•manc•
costs
Admlnistration cctsts
Trnvel costs
Inlemation81 conf8renc•
Prlnting. postage and
8tal¢)nery
11.195
11.195
953
3,1fj4
6.015
3,164
6,015
5.700
1.1XI
1.150
Independent ex8minatK
720
25,560
720
11.282
11.282
Analysed
Charltat48 a￿1
25.560
720
11,282
11,282
None of tho tru5t898 (or any per$￿S ¢(mr￿ted tth them) rgcerrfed any remuneration w tjenoffts from the
Charoty dLrring the yaar.
10-

THE PHILADELPHIA TRUST IN EASTERN EUROPE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2022
The averago ￿￿￿thlY number ￿ wnpknyees thrfng tho year
2022
Number
2021
Numb•r
Totsl
Taxatlon
Th8 c*wity is exempt from tsx on gairo famirbj serthffl 505 of the Taxès Acl 1988 or 8ection
252 of the Taxation of Chatgtrabl8 GairtsAca 1992 to the extent that these are to its charitablo objeuts.
10 Cr•dllor8". amounts f•lllng du• TAllhln on• yo
2022
2021
Accmals and deferrgj IrKyJm8
720
11

¢4 fo
ovo
L)OOOoC

THE PHILADELPHIA TRUST IN EASTERN EUROPE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
12 ol Mt •wts between fund•
funds
2022
funds
2022
funds
2021
fvnds
2021
2021
Fund balarw at 31
tlec8mber 2022 are
representad by..
Current 8sseWlliabi1th8)
31.036
10.232
41268
26,318
11,539
37,857
31.036
10.232
41.268
26.318
11.539
37,857
13 R•lat•d party transactlo
There We￿ rK) di8(*JsatrAe rdat•d p*ty Irnns*ai￿ durirvJ Ihe year12021 . ThTh).
13-