Registered Charity number: 1114182
PCF ROMANIA PROJECTS CHARITABLE TRUST
Report and Accounts
Year ended 31 March 2022
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 2022
Address for Correspondence Mr D Bamber 2 Thornbury Court Perton Wolverhampton WV6 7UP Governing Document Declaration of Trust dated 21 March 2006 Registered charity no: 1114182 Trustees Mr David Graham Bamber (resigned 1 November 2021) Mr Eric Bradley Mrs Kath Kirk-Booton (resigned 1 November 2021) Mr Andrew Bradley (appointed 1 November 2021) Mrs Julie Hodson (appointed 1 November 2021) Bankers Lloyds TSB Bank plc Tettenhall Wolverhampton Independent Examiner O Ross FCA Muras Baker Jones Limited Regent House Bath Avenue Wolverhampton WV1 4EG
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PCF ROMANIA PROJECTS CHARITABLE TRUST
Report of the trustees For the year ended 31 March 2022
The Trustees have pleasure in submitting the Report and Accounts for the year to 31 March 2022.
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.
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 £36,204 (2021: £48,663). Payments in the year of £42,840 (2021: £43,794) were approximately £1,000 less than in the previous year. This resulted in a deficit for the year of £6,636 compared with a surplus of £4,869 in the previous year. The trust had unrestricted cash balances at the end of the year of approximately £15,000.
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PCF ROMANIA PROJECTS CHARITABLE TRUST
Report of the trustees (Continued) For the year ended 31 March 2022
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 20 January 2023 and signed on their behalf by:
Andrew Bradley Trustee
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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 2022 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:
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Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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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
20 January 2023
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PCF ROMANIA PROJECTS CHARITABLE TRUST
Receipts and payments account For the year ended 31 March 2022
| 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 2021 Fund balances at 31 March 2022 |
Unrestricted Funds Charity Restricted General shop funds £ £ £ 13,215 312 7,478 - 15,199 - __ _ 13,215 15,511 7,478 354 17,745 24,741 354 17,745 24,741 12,861 (2,234) (17,263) (15,214) (2,400) 17,614 4,220 14,514 3,511 1,867 9,880 3,862 ___ |
Total funds 2022 £ 21,005 15,199 __ 36,204 _ 42,840 42,840 (6,636) - 22,245 15,609 ___ |
Total Funds 2021 £ 48,039 624 __ 48,663 _ 43,794 43,794 4,869 - 17,376 22,245 ___ |
|---|---|---|---|
Movements on reserves and all recognised gain and losses are shown above.
The notes on pages 7 to 8 form part of these accounts.
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PCF ROMANIA PROJECTS CHARITABLE TRUST
Statement of assets and liabilities As at 31 March 2022
| 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 |
2022 £ 5,520 8,861 1,018 210 __ 15,609 _ - 341 341 403 780 1,183 ___ |
2021 £ 7,521 13,645 869 210 __ 22,245 _ - 1,654 1,654 3,500 780 4,280 ___ |
|---|---|---|
The accounts were approved by the trustees on 20 January 2023 and signed on their behalf by:
ANDREW BRADLEY Trustee
The notes on pages 7 to 8 form part of these accounts.
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PCF ROMANIA PROJECTS CHARITABLE TRUST
Notes to the accounts For the year ended 31 March 2022
- 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 Charitable activities Charity shop – rental Charity shop – staffing Charity shop – expenses Grants paid Administration Accounts preparation and examination Grants and gifts Missionary support Relief of poverty |
Unrestricted funds Charity Restricted General shop funds £ £ £ 9,591 312 7,478 3,624 - - __ _ 13,215 312 7,478 Unrestricted funds Charity Restricted General shop funds £ £ £ - 9,664 - - 2,216 - - 4,595 - - 600 24,741 354 - - - 670 - 354 17,745 24,741 Institutions Individuals £ £ - - 25,341 - 25,341 - ___ |
Total 2022 £ 17,381 3,624 __ 21,005 _ Total 2022 £ 9,664 2,216 4,595 25,341 354 670 42,840 2022 £ - 25,341 25,341 ___ |
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 ___ |
|---|---|---|---|
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3a Charitable activities
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3b Grants and gifts
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PCF ROMANIA PROJECTS CHARITABLE TRUST
Notes to the accounts (continued) For the year ended 31 March 2022
- 4 Staff and trustees
The charity had one employee which ceased during the year, J Bradley, the financially independent daughter-in-law of a trustee, Eric Bradley. The majority of the charity’s activities are undertaken by volunteers.
Travel expenses of £936 (2021: £nil) were reimbursed to A Bradley during the year. A Bradley is the son of Eric Bradley, who is also a trustee.
Remuneration to a trustee or related party is permitted by the governing document. 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 (10,346) 8,846 World Made Flesh - 4,012 (12,780) 8,768 Christmas meal vouchers 2,100 1,685 (1,615) - Solarpanel 1,360 240 - - Aquaponics 51 41 - - A Bradley - - - - __ _ Total restricted funds 3,511 7,478 (24,741) 17,614 Unrestricted funds: General fund 4,220 13,215 (354) (15,214) Charity shop 14,514 15,511 (17,745) (2,400) Total unrestricted funds 18,734 28,726 (18,099 (17,614) Total funds 22,245 36,204 (42,840) - ___ |
Closing balance £ - - 2,170 1,600 92 - __ 3,862 _ 1,867 9,880 11,747 15,609 ___ |
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