Charity Number 1077989
PROJECT RUTH TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
PROJECT RUTH TRUST
CHARITY INFORMATION
| Trustees | |
|---|---|
| (during the year ended | |
| 31st March 2024) | |
| 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 | |
| Chairman | Rev E Williams |
| 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 |
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PROJECT RUTH TRUST
TRUSTEES’ REPORT ON THE TRUST FOR THE YEAR ENDED 31ST MARCH 2024
Two Trustees Meetings were held this year, one in October 2023 the other in March 2024. Zoom was used for some of the Trustees.
The Trust continued to financially support the Ruth School by continuing to send money to help the running costs of the school.
Income has returned to its usual pattern after the increase at the beginning of the previous year when supporters were asked to financially help with the Ukraine work.
The Ruth School are continuing to send 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. 7,000 had been sent out this year and over 12,000 since this work began, Project Ruth was continuing to support this work. No money has been sent for the housing of refugees this year as the number of people staying at the school had been significantly reduced.
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 valued about £20,000 was sent out by carrier to the School.
8[th] July 2024
SIGNED……………………………………..P J Williams – TRUSTEE
………………………………………V J Haynes - TRUSTEE
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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 2024 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 8[th] July 2024
Ian Richmond Limited Church Cottage Church Road Tettenhall Wolverhampton WV6 9AJ
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PROJECT RUTH TRUST
TRUST CAPITAL ACCOUNT AS AT 31ST MARCH 2024
| 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 2024 |
0 0 47816 69420 31782 49174 79598 118594 378 378 378 378 79220 118216 79220 118216 2024 2023 |
0 0 47816 69420 31782 49174 79598 118594 378 378 378 378 79220 118216 79220 118216 2024 2023 |
|---|---|---|
| 118216 | ||
| 118216 |
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PROJECT RUTH TRUST
TRUST INCOME AND EXPENDITURE ACCOUNT AS AT 31ST MARCH 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Donations and sponsorship-general | 47922 | 71843 | ||
| Income tax refunds | 6800 | 7117 | ||
| Bank interest received | 0 | 0 | ||
| Accomodation fees | 0 | 0 | ||
| GROSS INCOME | 54722 | 78960 | ||
| DEDUCT EXPENSES | ||||
| Printing stationery and postage | 230 | 672 | ||
| Newsletter and bulletin costs | 245 | 235 | ||
| Sundry expenses | 0 | 0 | ||
| Trustees expenses | 0 | 0 | ||
| Freight and transport charges to Romania | 1100 | 1153 | ||
| Air fares | 0 | 0 | ||
| Bank charges | 259 | 214 | ||
| Professional fees | 335 | 390 | ||
| Goods bought | 140 | 134 | ||
| 2309 | 2798 | |||
| NET INCOME FOR THE YEAR | 52413 | 76162 | ||
| UNDISTRIBUTED INCOME FUND AT 1st APRIL 2023 | 118216 | 92754 | ||
| 170629 | 168916 | |||
| DONATIONS AND DISTRIBUTIONS | ||||
| Box 4-7 Appeal | 8796 | 3500 | ||
| Project Ruth - Running costs | 71013 | 36500 | ||
| - Moldova Extension | 600 | 4700 | ||
| - Ukrainian Refugee Fund | 11000 | 6000 | ||
| 91409 | 50700 | |||
| UNDISTRIBUTED INCOME FUND CARRIED | FORWARD | 79220 | 118216 |
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