**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
1
## **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.
2
## **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
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 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:
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
30 January 2025
4
## **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.
5
## **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.
6
## **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
______|
|---|---|---|---|
7
**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
______|
|---|---|
8