Charity Number 1077989
## PROJECT RUTH TRUST
## FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
## PROJECT RUTH TRUST
## **CHARITY INFORMATION**
__________________________________________________________________________________
|**Trustees**||
|---|---|
|(during the year ended||
|31st March 2025)||
||Rev P Williams|
||Dr Otniel Bunaciu - Romania|
||Rev Simon Harris|
||Miss V J Haynes|
||Mr Tony Peck|
||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|
1
## PROJECT RUTH TRUST
## **TRUSTEES’ REPORT ON THE TRUST** _**FOR THE YEAR ENDED 31ST MARCH 2025**_
______________________________________________________________________________________
The Meetings this year were held by Zoom.
The Trust continued to financially support the Ruth School by continuing to send money to help the running costs of the school and for the work of Project Ruth in Moldova.
At the meeting on the 21[st] September Tony Peck was appointed as Trustee and welcomed.
Project Ruth supporters were invited to attend as Zoom meeting held on the 25[th] February when an update was given on the Ruth School, and reports given on how programmes are being developed and how the monies sent from Project Ruth to the Ruth school were being used.
This year there were 208 students in the Ruth school which was evaluated by the Ministry of Education and received very good scores. 83 students enrolled in the afterschool programme and homework support was provided. 120 enrichment activities were organized in the afterschool programme and 20,609 meals were served to the children.
The income this year was £35,302, which was considerably lower than the previous year which was £54,000. The average amount in the past if there were no special appeals was £45,000.
18[th] July 2025
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 2025 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 2025
Ian Richmond Limited Church Cottage Church Road Tettenhall Wolverhampton WV6 9AJ
3
PROJECT RUTH TRUST
## **TRUST CAPITAL ACCOUNT** _**AS AT 31ST MARCH 2025**_
|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 2025|0
0
51722
47816
30068
31782
81790
79598
378
378
378
378
81412
79220
81412
79220
2025
2024|0
0
51722
47816
30068
31782
81790
79598
378
378
378
378
81412
79220
81412
79220
2025
2024|
|---|---|---|
||||
|||79220|
|||79220|
4
## PROJECT RUTH TRUST
## **TRUST INCOME AND EXPENDITURE ACCOUNT** _**AS AT 31ST MARCH 2025**_
____________________________________________________________
||2025||2024||
|---|---|---|---|---|
|Donations and sponsorship-general||29976||47922|
|Income tax refunds||5327||6800|
|Bank interest received||0||0|
|Accomodation fees||0||0|
|GROSS INCOME||35303||54722|
|DEDUCT EXPENSES|||||
|Printing stationery and postage|75||230||
|Newsletter and bulletin costs|0||245||
|Sundry expenses|0||0||
|Trustees expenses|0||0||
|Freight and transport charges to Romania|0||1100||
|Air fares|0||0||
|Bank charges|167||259||
|Professional fees|414||335||
|Goods bought|0||140||
|||656||2309|
|NET INCOME FOR THE YEAR||34647||52413|
|UNDISTRIBUTED INCOME FUND AT 1st APRIL 2024||79220||118216|
|||113867||170629|
|DONATIONS AND DISTRIBUTIONS|||||
|Box 4-7 Appeal|0||8796||
|Project Ruth - Running costs|30705||71013||
|- Moldova Extension|1750||600||
|- Ukrainian Refugee Fund|0||11000||
|||32455||91409|
|UNDISTRIBUTED INCOME FUND CARRIED|FORWARD|81412||79220|
5