**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 1 ## **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. 2 ## **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 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 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: 1. Accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. 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 4 ## **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. 5 ## **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. 6 ## **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
______| |---|---|---|---| - 3a Charitable activities - 3b Grants and gifts 7 **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
______| |---|---| 8