Registered Charity number: 1114182
PCF ROMANIA PROJECTS CHARITABLE TRUST Report and Accounts
Year ended 31 March 2021
Muras Baker Jones Limited Chartered Accountants Wolverhampton
PCF ROMANIA PROJECTS CHARITABLE TRUST
Index
| Legal and administrative details | 1 |
|---|---|
| Trustees’ report | 2-3 |
| Independent Examiner’s Report | 4 |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
| Notes to the accounts | 7-8 |
PCF ROMANIA PROJECTS CHARITABLE TRUST
Legal and administrative details For the year ended 31 March 2021
Address for Correspondence
Governing Document
Trustees
Bankers Independent Examiner
Mr D Bamber 2 Thornbury Court Perton Wolverhampton WV6 7UP Declaration of Trust dated 21 March 2006 Registered charity no: 1114182
Mr David Graham Bamber Mr Eric Bradley Mrs Kath Kirk-Booton Lloyds TSB Bank plc Tettenhall Wolverhampton O Ross FCA Muras Baker Jones Limited Regent House Bath Avenue Wolverhampton WV1 4EG
1
PCF ROMANIA PROJECTS CHARITABLE TRUST
Report of the trustees For the year ended 31 March 2021
The Trustees have pleasure in submitting the Report and Accounts for the year to 31 March 2021.
Objects of the charity
The objects of the charity are to relieve persons who are in conditions of need or hardship or who are aged or sick, and to relieve the distress caused thereby in Romania and in such other parts of the world as the trustees may from time to time think fit, and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected to the charitable work of the trust.
Government
The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor the activities of the charity. New Trustees are recruited and appointed by a majority of existing Trustees.
Review of activities
We serve the communities of Arad and Galati in Romania by financing our two main partner charities.
When it’s possible we visit our main Romanian charities to review, monitor and encourage their important work with street children and vulnerable families.
We run a charity shop in the centre of Wolverhampton specifically to raise funds for the charities objectives. Our shop is staffed by six volunteers who operate the shop six days per week Monday to Saturday.
We raise funds expressly for Christmas meal vouchers, a way of providing a special meal for the children and families who attend the centres over the Christmas and New Year period. Funds this year provided 208 meals at each locality.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Financial review
Receipts for the year were £48,663 (2020: £62,677). Payments in the year of £43,794 (2020: £67,130) were approximately £23,000 less than in the previous year. This resulted in a surplus for the year of £4,869 compared with a deficit of £4,453 in the previous year. The trust had unrestricted cash balances at the end of the year of approximately £18,000.
2
PCF ROMANIA PROJECTS CHARITABLE TRUST
Report of the trustees (Continued) For the year ended 31 March 2021
Reserves policy
The Board of Trustees have established a policy whereby free reserves held by the charity should be maintained at not less than £6,000.
Risk statement
The Trustees have reviewed the risks to which a small charity operating with no employees is exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis.
Trustees’ responsibilities
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the Trustees on 21 January 2022 and signed on their behalf by:
David Bamber Trustee
3
Independent Examiner’s Report To the Trustees of RCF Romania Projects Charitable Trust
I report to the trustees on my examination of the accounts of PCF Romania Projects Charitable Trust (the charity) for the year ended 31 March 2021 on pages 5 to 8 following:
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
The accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable proper understanding of the accounts to be reached.
O Ross FCA Muras Baker Jones Limited Regent House Bath Avenue Wolverhampton WV1 4EG
21 January 2022
4
PCF ROMANIA PROJECTS CHARITABLE TRUST
Receipts and payments account For the year ended 31 March 2021
| Note Receipts Voluntary receipts Donations and gifts received 2 Charity shop sales Payments Charitable activities 3a Total payments Net receipts/ (payments) Transfers between funds Fund balances at 31 March 2020 Fund balances at 31 March 2021 |
Unrestricted Funds Charity Restricted General shop funds £ £ £ 16,004 23,842 8,193 - 624 - __ _ 16,004 24,466 8,193 342 12,874 30,578 342 12,874 30,578 15,662 11,592 (22,385) (15,246) (9,500) 24,746 3,804 12,422 1,150 ___ 4,220 14,514 3,511 |
Total funds 2021 £ 48,039 624 __ 48,663 _ 43,794 43,794 4,869 - 17,376 ___ 22,245 |
Total Funds 2020 £ 32,897 29,780 __ 62,677 _ 67,130 67,130 (4,453) - 21,289 ___ 17,376 |
|---|---|---|---|
Movements on reserves and all recognised gain and losses are shown above.
The notes on pages 7 to 8 form part of these accounts.
5
PCF ROMANIA PROJECTS CHARITABLE TRUST
Statement of assets and liabilities As at 31 March 2021
| Bank and cash balances Bank operating accounts Charity shop current account Charity shop petty cash PayPal account Other assets and liabilities Assets Gift aid tax recovery not yet received Other monetary assets Liabilities Accrued expenditure Unbilled fee for Independent Examination |
2021 £ 7,521 13,645 869 210 __ 22,245 _ - 1,654 1,654 3,500 780 ___ |
2020 £ 4,744 11,188 534 210 __ 17,376 _ - 272 272 - 780 ___ |
|---|---|---|
The accounts were approved by the trustees on 21 January 2022 and signed on their behalf by:
DAVID BAMBER Trustee
The notes on pages 7 to 8 form part of these accounts.
6
PCF ROMANIA PROJECTS CHARITABLE TRUST
Notes to the accounts For the year ended 31 March 2021
- 1 Accounting policies
The accounts have been prepared on a receipts and payments basis with a statement of assets and liabilities.
- 2 Donations and gifts received
| General donations Tax refunds under Gift Aid 3a Charitable activities Charity shop – rental Charity shop – staffing Charity shop – expenses Grants paid Administration Accounts preparation and examination 3b Grants and gifts Missionary support Relief of poverty |
Unrestricted funds Charity Restricted General shop funds £ £ £ 12,162 23,842 8,193 3,842 - - __ _ 16,004 23,842 8,193 Unrestricted funds Charity Restricted General shop funds £ £ £ - 3,850 - - 4,748 - - 3,676 - - 600 30,578 342 - - - - - 342 12,874 30,578 Institutions Individuals £ £ - - 31,178 - 31,178 - ___ |
Total 2021 £ 44,197 3,842 __ 48,039 _ Total 2021 £ 3,850 4,748 3,676 31,178 342 - 43,794 2021 £ - 31,178 31,178 ___ |
Total 2020 £ 28,284 4,613 __ 32,897 _ Total 2020 £ 7,500 4,484 4,797 48,743 906 700 67,130 2020 £ - 48,743 48,743 ___ |
|---|---|---|---|
7
PCF ROMANIA PROJECTS CHARITABLE TRUST
Notes to the accounts (continued) For the year ended 31 March 2021
- 4 Staff and trustees
The charity has one employee, J Bradley, the financially independent daughter-in-law of a trustee, Eric Bradley. The majority of the charity’s activities are undertaken by volunteers.
No other remuneration or payment was paid to any trustee during the year nor to any person connected to them.
- 5 Funds
| Opening Balance Receipts Payments Transfers £ £ £ £ Restricted funds: Fundatia Vis De Copil - 1,500 (12,558) 11,058 World Made Flesh - 4,332 (18,020) 13,688 Christmas meal vouchers 30 2,070 - - Solarpanel 1,120 240 - - Aquaponics - 51 - - A Bradley - - - - __ _ Total restricted funds 1,150 8,193 (30,578) 24,746 Unrestricted funds: General fund 3,804 16,004 (342) (15,246) Charity shop 12,422 24,466 (12,874) (9,500) Total restricted funds 16,226 40,470 (13,216) (24,746) ___ Total funds 17,376 48,663 (43,794) - |
Closing balance £ - - 2,100 1,360 51 - __ 3,511 _ 4,220 14,514 18,734 ___ 22,245 |
|---|---|
8