Charity Number 1077989 ## PROJECT RUTH TRUST ## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 ## PROJECT RUTH TRUST ## **CHARITY INFORMATION** __________________________________________________________________________________ |**Trustees**|| |---|---| |(during the year ended|| |31st March 2023)|Rev E Penman resigned 19thNovember 2022| ||Rev P Williams| ||Dr Otniel Bunaciu - Romania| ||Rev Simon Harris| ||Miss V J Haynes| ||Rev Martyn Travers| ||Mrs W Westwood| ||Mr A N Brockbank| ||Mrs A Clark appointed 19thNovember 2022| |**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 2023**_ ______________________________________________________________________________________ Two Trustees Meetings were held this year, on the 19[th] November 2022 and 25[th] March 2023. Zoom was used for some of the Trustees attending on the 19[th] and for all who attended on the 25[th] . On the 19th November Rev Edwin Penman’s resignation as Trustee through illness was accepted, and a new Trustee welcomed, namely Mrs Amanda Clarke. The Trust continued to financially support the Ruth School by continuing to send money to help the running costs of the school and money for the accommodating and assisting refugees from Ukraine. The Ruth School are now also sending aid to people in Ukraine in the way of Food Boxes called 4-7 Care Boxes, because each box contains sufficient food for 4 people for 7 days. 120 boxes are sent out every fortnight and the Trust are also helping with the finance for these. Supporters of Project Ruth were asked to continue their help in supporting the refugees at the Ruth School and the Care Boxes, thus the income for this year remains high, and sponsorship fees are a little higher than last year One large load of school clothing, shoes and knitwear to the value of approximately £20,000 was sent out by carrier to the School. 2[nd] October 2023 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 2023 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 2[nd] October 2023 Ian Richmond Limited Church Cottage Church Road Tettenhall Wolverhampton WV6 9AJ 3 PROJECT RUTH TRUST ## **TRUST CAPITAL ACCOUNT** _**AS AT 31ST MARCH 2023**_ |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 2023|0
0
69420
46284
49174
46848
118594
93132
378
378
378
378
118216
92754
118216
92754
2023
2022|0
0
69420
46284
49174
46848
118594
93132
378
378
378
378
118216
92754
118216
92754
2023
2022| |---|---|---| |||| |||92754| |||92754| 4 ## PROJECT RUTH TRUST ## **TRUST INCOME AND EXPENDITURE ACCOUNT** _**AS AT 31ST MARCH 2023**_ ____________________________________________________________ ||2023||2022|| |---|---|---|---|---| |Donations and sponsorship-general||71843||67720| |Income tax refunds||7117||6045| |Bank interest received||0||0| |Accomodation fees||0||0| |GROSS INCOME||78960||73765| |DEDUCT EXPENSES||||| |Printing stationery and postage|672||294|| |Newsletter and bulletin costs|235||235|| |Sundry expenses|0||0|| |Trustees expenses|0||0|| |Freight and transport charges to Romania|1153||2641|| |Air fares|0||0|| |Bank charges|214||195|| |Professional fees|390||378|| |Goods bought|134||60|| |||2798||3803| |NET INCOME FOR THE YEAR||76162||69962| |UNDISTRIBUTED INCOME FUND AT 1st APRIL 2022||92754||78392| |||168916||148354| |DONATIONS AND DISTRIBUTIONS||||| |Box 4-7 Appeal|3500||0|| |Project Ruth - Running costs|36500||42770|| |- Moldova Extension|4700||4830|| |- Ukrainian Refugee Fund|6000||8000|| |||50700||55600| |UNDISTRIBUTED INCOME FUND CARRIED|FORWARD|118216||92754| 5