Registered Charity number: 1114182
PCF ROMANIA PROJECTS CHARITABLE TRUST
Report and Accounts
Year ended 31 March 2024
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 |
Legal and administrative details For the year ended 31 March 2024
Address for Correspondence 20 Worcester Grove Perton Wolverhampton WV6 7XE Governing Document Declaration of Trust dated 21 March 2006 Registered charity no: 1114182 Trustees Mr Andrew Lambert Mr Andrew Bradley Mrs Julie Hodson 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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Report of the trustees For the year ended 31 March 2024
The Trustees have pleasure in submitting the Report and Accounts for the year to 31 March 2024.
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 community of Galati in Romania by financing our main partner charities WMF Romania. Vis de Copil, Arad, one of the charities we have supported for many years, has ceased operating this year. When this Romanian charity is wound up, their assets (two buildings) will be sold and transferred to our partner charity in Galati.
When it’s possible we visit our main Romanian charity 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 our charities objectives. In addition to our partner in Romania, our shop now provides funding for local youth and schools work through Wolverhampton YFC.
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 £43,070 (2023: £39,899). Payments in the year of £27,171 (2023: £41,040) were approximately £14,000 less than in the previous year. This resulted in a surplus for the year of £15,899 compared with a deficit of £1,141 in the previous year. The trust had unrestricted cash balances at the end of the year of approximately £26,000.
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Report of the trustees (Continued) For the year ended 31 March 2024
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 30 January 2025 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 2024 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
30 January 2025
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PCF ROMANIA PROJECTS CHARITABLE TRUST
Receipts and payments account For the year ended 31 March 2024
| 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 2023 Fund balances at 31 March 2024 |
Unrestricted Funds Charity Restricted General shop funds £ £ £ 13,998 - 4,177 - 24,895 - __ _ 13,998 24,895 4,177 194 10,127 16,850 194 10,127 16,850 13,804 14,768 (12,673) (8,733) (4,000) 12,733 4,131 6,394 3,942 9,202 17,162 4,002 ___ |
Total funds 2024 £ 18,175 24,895 __ 43,070 _ 27,171 27,171 15,899 - 14,467 30,366 ___ |
Total Funds 2024 £ 19,739 20,160 __ 39,899 _ 41,040 41,040 (1,141) - 15,608 14,467 ___ |
|---|---|---|---|
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 2024
| 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 |
2024 £ 12,994 16,083 1,079 210 __ 30,366 _ - 345 381 - 780 780 ___ |
2023 £ 7,863 6,345 49 210 __ 14,467 _ - 381 381 153 780 933 ___ |
|---|---|---|
The accounts were approved by the trustees on 30 January 2025 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 2024
- 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 £ £ £ 13,998 - 4,177 - - - __ _ 13,998 - 4,177 Unrestricted funds Charity Restricted General shop funds £ £ £ - 346 - - - - - 6,084 - - 3,200 16,850 194 - - - 497 - 194 10,127 16,850 Institutions Individuals £ £ - - 20,050 - 20,050 - ___ |
Total 2024 £ 18,175 - __ 18,175 _ Total 2024 £ 346 - 6,084 20,050 194 497 27,171 2024 £ - 20,050 20,050 ___ |
Total 2023 £ 16,833 2,906 __ 19,739 _ Total 2023 £ 10,970 - 5,774 23,922 374 - 41,040 2023 £ - 23,922 23,922 ___ |
|---|---|---|---|
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PCF ROMANIA PROJECTS CHARITABLE TRUST
Notes to the accounts (continued) For the year ended 31 March 2023
- 4 Staff and trustees
Travel expenses of £1,872 (2023: £1,872) were reimbursed to A Bradley during the year.
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 - 1,130 (5,450) 4,320 World Made Flesh - 2,987 (11,400) 8,413 Christmas meal vouchers 2,170 40 - - Solarpanel 1,680 20 - - Aquaponics 92 - - - __ _ Total restricted funds 3,942 4,177 (16,850) 12,733 Unrestricted funds: General fund 4,131 13,998 (194) (8,733) Charity shop 6,394 24,895 (10,127) (4,000) Total unrestricted funds 10,525 38,893 (10,321) (12,733) Total funds 14,467 43,070 (27,171) - ___ |
Closing balance £ - - 2,170 1,700 92 __ 4,002 _ 9,202 17,162 26,364 30,366 ___ |
|---|---|
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