Charity Number 1077989 ## PROJECT RUTH TRUST ## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022 ## PROJECT RUTH TRUST ## **CHARITY INFORMATION** __________________________________________________________________________________ **Trustees** (during the year ended 31st March 2022) Rev E Penman Rev P Williams Dr Otniel Bunaciu - Romania Rev Simon Harri Miss V J Haynes Rev Martyn Travers Mrs W Westwood Mr A N Brockbank **Chairman** Rev E Penman **Charity Number** 1077989 **Charity Office** Wollaston Free Church Somerset Drive Wollaston Stourbridge West Midlands DY8 4RH **Independent Examiners** Ian Richmond Limited Church Cottage Church Road Tettenhall Wolverhampton WV6 9AJ 1 ## PROJECT RUTH TRUST ## **TRUSTEES’ REPORT ON THE TRUST** _**FOR THE YEAR ENDED 31ST MARCH 2022**_ ______________________________________________________________________________________ For the third year no Trustees meeting was held because of the Coronavirus. During the last month the Ruth School has started to accommodate refugees from Ukrainia mostly in the old school building where refurbishment was necessary; but two further apartments were opened in the new school so that more refugees could be accepted. By the end of March 70 refugees could be accommodated at any one time. During March the school has hosted 134 refugees (56 of these children), provided 968 safe sleeps while 197 others were helped by directing them to other centres and by transportation to embassies, train stations and airports. An appeal was made to Project Ruth Supporters for donations to help find this additional work and as a result to date £8,000 has been transferred to the Ruth School for this purpose. Therefore the donations total for the year is much higher than usual. There is no significant change in sponsorship donations. During the year £42,770 was transferred through the bank to the Ruth School towards running costs of the Ruth School, £4,830 for the extension centre and £8,000 for the Ruth School Ukrainian Refugee Fund During the year one bulletin giving current news about the Ruth School was issued and circulated to the Trust’s supporters. Also two letters have been circulated giving ongoing news about how Covid-19 was affecting the Ruth School. During the year one Bulletin giving current news about the Ruth School was issued and circulated to the Trust’s supporters. A large load of school clothing, shoes and knitwear to the value of approximately £20,000 was sent out by carrier to the School. The accounts show two sets of transport charges but the early charge is for goods transported at the end of last year. . 26[th] October 2022 SIGNED……………………………………..P J Williams – TRUSTEE ………………………………………V J Haynes - TRUSTEE 2 ## PROJECT RUTH TRUST ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF PROJECT RUTH TRUST** ______________________________________________________________________________________ I report on the accounts of the Trust for the year ended 31st March 2022 set out on pages 4 to 5. ## **Respective responsibilities of trustees and examiner** As the charity’s trustees you are responsible for the preparation of the accounts: you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of the procedures specified in the General Directions given by the Charity Commissioners under section 43 (7)(b) of the Act, whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 41 of the Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act, have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. …………………………………. Ian Richmond Chartered Accountant Date 26[th] October 2022 Ian Richmond Limited Church Cottage Church Road Tettenhall Wolverhampton WV6 9AJ 3 PROJECT RUTH TRUST ## **TRUST CAPITAL ACCOUNT** _**AS AT 31ST MARCH 2022**_ |ASSETS
COIF Charities Deposit Fund-General
Barclays Bank plc
HSBC Bank plc
DEDUCT
Creditor
NET ASSETS(LIABILITIES)
REPRESENTED BY:
UNDISTRIBUTED INCOME FUND
Fund at 31st March 2022|0
433
46284
4140
46848
74197
93132
78770
378
378
378
378
92754
78392
92754
78392
2022
2021|0
433
46284
4140
46848
74197
93132
78770
378
378
378
378
92754
78392
92754
78392
2022
2021| |---|---|---| |||| |||78392| |||78392| 4 ## PROJECT RUTH TRUST ## **TRUST INCOME AND EXPENDITURE ACCOUNT** _**AS AT 31ST MARCH 2022**_ ____________________________________________________________ ||2022||2021|| |---|---|---|---|---| |Donations and sponsorship-general||67720||47624| |Income tax refunds||6045||6652| |Bank interest received||0||1| |Accomodation fees||0||0| |GROSS INCOME||73765||54277| |DEDUCT EXPENSES||||| |Printing stationery and postage|294||607|| |Newsletter and bulletin costs|235||235|| |Sundry expenses|0||0|| |Trustees expenses|0||0|| |Freight and transport charges to Romania|2641||30|| |Air fares|0||0|| |Bank charges|195||90|| |Professional fees|378||382|| |Goods bought|60||139|| |||3803||1483| |NET INCOME FOR THE YEAR||69962||52794| |UNDISTRIBUTED INCOME FUND AT 1st APRIL 2021||78392||52598| |||148354||105392| |DONATIONS AND DISTRIBUTIONS||||| |Moldova and Central Asia projects|0||0|| |Project Ruth - Running costs|42770||27000|| |- Moldova Extension|4830||0|| |- Ukrainian Refugee Fund|8000||0|| |||55600||27000| |UNDISTRIBUTED INCOME FUND CARRIED|FORWARD|92754||78392| 5