**Charity number: 1122343**
## **ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 JULY 2025**
## **ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5 - 6|
|**Statement of financial activities**|7|
|**Balance sheet**|8|
|**Notes to the financial statements**|9 - 19|
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2025**
## **Trustees**
Andy Y Darmoo, Secretary H.G. Mar Awa Royel Paul Darmoo (appointed 16 December 2022) Dr Jalil Shlamoon (appointed 16 December 2022)
## **Charity registered number**
1122343
## **Principal office**
Unit 1 Manor Road, Manford Industrial Estate, Erith, Kent, DA8 2AJ
## **Accountants**
Bayar Hughes & Co Ltd, 4 Green Lane Business Park, 238 Green Lane, New Eltham, London, SE9 3TL
Page 1
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2025**
The Trustees present their annual report together with the financial statements of the Charity for the 1 August 2024 to 31 July 2025.
The charity trades under the name A.C.E.R.O.
## **Objectives and activities**
## **a. Policies and objectives**
During the period the Trust operated in accordance with its stated objectives. The objectives of the Trust are to develop projects within the following fields:
1. The advancement of the Christian religion in accordance with the beliefs and teachings of the Assyrian Church of the East,
2. The relief of financial hardship, in particular, but not exclusively, in Assyrian Church communities, by making grants of money for providing or paying for items, services or facilities.
3. The relief of sickness and preservation of good health by providing or assisting in the provision of equipment, facilities and services.
4. The relief and assistance of people in any part of the world who are the victims of war or natural disaster, trouble or catastrophe.
5. The promotion of religious harmony by:
i. Educating the public in different religious beliefs including an awareness of their distinctive features and their common ground to promote good relations between persons of different faiths,
ii. promoting knowledge and mutual understanding and respect of the beliefs and practices of different religious faiths.
There have been no changes in the objectives since the last annual report
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Main activities undertaken to further the Charity's purposes for the public benefit**
The charity provides accommodation, relief materials and food items to refugees.
During the year, ACERO continued to deliver activities that provide clear public benefit in line with its charitable objectives.
The charity’s primary focus has been supporting youth groups within the Church, helping young people develop life skills, build confidence, and prepare for future opportunities. Activities included structured mentoring, group sessions, and skill-building programmes designed to foster personal growth.
ACERO also provided support to vulnerable individuals in the community, including those experiencing hardship, serious illness, or displacement. This included financial assistance through grants and practical support to help meet immediate needs.
A major development during the year was the establishment of the first elders’ home in the region connected to the Church, providing a supportive and stable environment for older community members.
Through these combined activities, ACERO continues to deliver tangible benefits to a range of community members. The Trustees confirm that all activities are aligned with the charity’s objectives and provide public benefit in accordance with Charity Commission guidance.
Page 2
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **Achievements and performance**
## **a. Review of activities**
During the year assistance was provided for many families in Iraq and Jordan. The trust has managed to help hundreds of families with financial aid, food parcels and basic amenities such as heating and essential medical care and it is our aim to continue this in the coming year.
The Trustees are pleased with the progress made during the year in delivering the charity’s objectives and supporting the community.
## Key achievements include:
- Continued engagement with youth groups, supporting personal development and life skills
- Assistance to individuals and families in need, including those facing serious illness, displacement, or financial hardship
- The successful establishment of the first elders’ home in the region, representing a significant step in supporting older community members
The charity measures its impact through engagement, outreach, and feedback from beneficiaries, ensuring that activities deliver meaningful outcomes. These efforts reflect ACERO’s ongoing commitment to supporting its community and enhancing the wellbeing of those it serves.
The Trustees remain committed to continuing and expanding these activities while maintaining transparency and accountability in reporting.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the charity’s continuing obligations on a regular basis at their board meetings.
## **c. Financial Review**
As of 31 July 2025, the charity held fund balances comprising £157,182 (2024:£113,889) of restricted funds (excluding fixed assets) and £133,174 (2024:£235,764) of general unrestricted funds. The Fixed Assets of £1,026,254 (2024: £958,438) are not available for spending as it represents the net book value of fixed assets.
Page 3
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **Structure, governance and management**
## **a. Constitution**
The charity was formed through a constitution dated 19 September 2007 and commenced activity on that date. The principal object of the charity is to provide accommodation, feeding and emergency relief to war refugees and those suffering from any form of disaster in any part of the world.
The Constitution was last updated with approval from the CC on 7 May 2022. There have been no changes in th objectives since the last annual report.
## **b. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## **c. Policies adopted for the induction and training of Trustees**
The induction and training of the trustees will depend on the expertise and experience of the individual. All trustees keep themselves conversant with all matters necessary for them to perform their duties effectively.
## **d. Financial risk management**
The Trustees have assessed the major risks, to which the Charity is exposed, in particular those related to the operations and finances of the Charity, including the elevated risk of fund loss arising from informal or high risk transfer mechanisms, foreign exchange translations risks, UK financial sanctions, Iraq related regulatory risks and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **e. Trustees' indemnities**
Each Trustee of the charity undertakes to contribute to the assets of the charity in the event of it being wound up while they are a Trustee, or within one year after they cease to be a Trustee, such amount as may be required, not exceeding £10, for the debts and liabilities contracted before they ceased to be a Trustee.
## **Funds held as custodian**
No funds are held as custodian trustees on behalf of others by the charity.
Page 4
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 20 March 2026 and signed on their behalf by:
**A.Y.Darmoo** Secretary
Page 5
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2025**
## **Independent examiner's report to the Trustees of Assyrian Church of the East Relief Organization ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 July 2025.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no 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 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
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 a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Page 6
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
Signed:
Dated: 20 March 2026
Krishna Prasad Dahal
FCCA
Bayar Hughes & Co Limited 4 Green Lane Business park 238 Green Lane New Eltham London SE9 3TL
Page 7
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025**
|**Note**
**Income:**
Investment income
Donations
**Total income**
**Expenditure on:**
Charitable activities
Governance
Raising Funds
**Total expenditure**
**Net income/(expenditure)**
Transfers between funds
**Other recognized gains:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2025**
**£**
**-**
**102,574**
**102,574**
**84,519**
**-**
**-**
**84,519**
**18,055**
**93,054**
**111,109**
**1,072,327**
**111,109**
**1,183,436**|**Unrestricted**
**funds**
**2025**
**£**
**4,707**
**53,708**
**58,415**
**66,032**
**1,464**
**455**
**67,951**
**(9,536)**
**(93,054)**
**(102,590)**
**235,764**
**(102,590)**
**133,174**|**Total**
**funds**
**2025**
**£**
**4,707**
**156,282**
**160,989**
**150,551**
**1,464**
**455**
**152,470**
**8,519**
**-**
**8,519**
**1,308,091**
**8,519**
**1,316,610**|_Total_
_funds_
_2024_
_£_
_8,851_
_160,384_
_169,235_
_382,806_
_1,116_
_344_
_384,266_
_(215,031)_
_-_
_(215,031)_
_1,523,121_
_(215,031)_
_1,308,091_|
|---|---|---|---|---|
Page 8
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **BALANCE SHEET AS AT 31 JULY 2025**
|**Fixed assets**
**Note**
Tangible assets
9
**Current assets**
Debtors
10
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
11
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
12
Unrestricted funds
12
**Total funds**|**16,434**
**276,566**
**293,000**
**(2,644)**|**2025**
**£**
**1,026,254**
**1,026,254**
**290,356**
**1,316,610**
**1,316,610**
**1,316,610**
**1,183,436**
**133,174**
**1,316,610**|_-_
_352,016_
_352,016_
_(2,363)_|_2024_
_£_
_958,438_|
|---|---|---|---|---|
|||||_958,438_
_349,653_|
|||||_1,308,091_|
|||||_1,308,091_|
|||||_1,308,091_|
|||||_1,072,327_
_235,764_|
|||||_1,308,091_|
The financial statements were approved and authorized for issue by the Trustees on 20 March 2026 and signed on their behalf by:
## **A Y Darmoo**
## Trustee
The notes on pages 9 to 19 form part of these financial statements.
Page 9
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **1. General information**
The charity was formed through a constitution dated 19 September 2007 and commenced activity on that date. The Constitution was last updated with approval from the CC on 7 May 2022. The principal object of the charity is to provide accommodation, feeding and emergency relief to war refugees and those suffering from any form of disaster in any part of the world.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Assyrian Church of the East Relief Organization meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognized once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognized at the time the investment income is receivable.
## **2.3 Expenditure**
Expenditure is recognized once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Page 10
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **2. Accounting policies (continued)**
## **2.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.5 Tangible fixed assets and depreciation**
Tangible fixed assets costing £500 or more are capitalized and recognized when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognized at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives,
Depreciation is provided on the following basis:
Freehold Property - 2% Straight line
## **2.6 Debtors**
Trade and other debtors are recognized at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.7 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.8 Liabilities and provisions**
Liabilities are recognized when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognized at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognized in the Statement of financial activities as a finance cost.
Page 11
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **2. Accounting policies (continued)**
## **2.9 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognized at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortized cost using the effective interest method.
## **2.10 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. Income from donations and legacies**
|Donations
_Total 2024_|**Restricted**
**funds**
**2025**
**£**
102,574
_62,769_|**Unrestricted**
**funds**
**2025**
**£**
53,708
_97,615_|**Total**
**funds**
**2025**
**£**
**156,282**
_160,384_|_Total_
_funds_
_2024_
_£_
_160,384_|
|---|---|---|---|---|
## **4. Investment income**
|Investment income
_Total 2024_|**Unrestricted**
**funds**
**2025**
**£**
4,707
_8,851_|**Total**
**funds**
**2025**
**£**
**4,707**
_8,851_|_Total_
_funds_
_2024_
_£_
_8,851_|
|---|---|---|---|
Page 12
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Charitable activities and support costs
_Total 2024_|**Restricted**
**funds**
**2025**
**£**
84,519
_162,631_|**Unrestricted**
**funds**
**2025**
**£**
67,951
_221,635_|**Total**
**2025**
**£**
**152,470**
_384,266_|_Total_
_2024_
_£_
_384,266_|
|---|---|---|---|---|
||||||
## **6. Analysis of expenditure by activities**
|Charitable activities
_Total 2024_|**Activities**
**undertaken**
**directly**
**2025**
**£**
148,594
_379,640_|**Support**
**costs**
**2025**
**£**
3,876
_4,626_|**Total**
**funds**
**2025**
**£**
**152,470**
_384,266_|_Total_
_funds_
_2024_
_£_
_384,266_|
|---|---|---|---|---|
||||||
Page 13
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of charitable activities**
|Depreciation
Legal and Professional Fees
Travel, accommodation etc
Exchange rate differences
Bank charges
Promotion & fundraising costs
Project costs
Sundry expenses
_Total 2024_|**Activities**
**2025**
**£**
25,238
928
-
6,636
8,696
455
106,517
124
148,594
_379,640_|**Total**
**funds**
**2025**
**£**
**25,238**
**928**
**-**
**6,636**
**8,696**
**455**
**106,517**
**124**
**148,594**
_379,640_|_Total_
_funds_
_2024_
_£_
_23,376_
_-_
_5,994_
_(1,004)_
_2,268_
_344_
_348,249_
_413_
_379,640_|
|---|---|---|---|
## **7. Independent examiner's remuneration**
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|Fees payable to the Charity's independent examiner for the independent|||
|examination of the Charity's annual accounts|**1,464**|_1,116_|
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_
During the year ended 31 July 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ .
Page 14
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **9. Tangible fixed assets**
|||**Freehold**|**Freehold**|
|---|---|---|---|
|||**property**||
|||**£**||
|**Cost or valuation**||||
|At 1 August 2024||**1,168,822**||
|Additions||**93,054**||
|At 31 July 2025||**1,261,876**||
|**Depreciation**||||
|At 1 August 2024||**210,384**||
|Charge for the year||**25,238**||
|At 31 July 2025||**235,622**||
|**Net book value**||||
|At 31 July 2025||**1,026,254**||
|_At 31 July 2024_||_958,438_||
|A review for impairment of a fixed asset is carried out if events or changes in circumstances||indicate that||
|the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of||||
|fixed assets and their recoverable amounts are recognized as impairment. Impairment losses are||||
|recognized in the Statement of financial activities.||||
|Tangible fixed assets are carried at cost, net of depreciation and any provision for||impairment.||
|Depreciation is provided at rates calculated to write off the cost of fixed|assets, less their estimated|||
|residual value, over their expected useful lives on the following basis:||||
|**10.**
**Debtors**||||
||**2025**|_2024_||
||**£**||_£_|
|**Due within one year**||||
|Prepayments and accrued income|**16,434**|_-_||
||**16,434**|_-_||
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognized as impairment. Impairment losses are recognized in the Statement of financial activities.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
## **10. Debtors**
## **11. Creditors: Amounts falling due within one year**
**2025**
_2024_
Page 15
## **ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **11. Creditors: Amounts falling due within one year (continued)**
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
||**£**|_£_|
|Accruals and deferred income|**2,644**|_2,363_|
Page 16
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **12. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Fund - General
Dohuk Apartments & care
home
Dohuk - General
Dohuk Care Home-Repairs
Barnabas Fund
Jordan, Erbil & Kirk Project
**Total of funds**|**Balance at 1**
**August 2024**
**£**
**235,764**
**113,765**
**958,438**
**124**
**-**
**-**
**-**
**1,072,327**
**1,308,091**|**Income**
**£**
**Expenditure**
**£**
**Transfers**
**in/out**
**£**
**Balance at**
**31 July 2025**
**£**
**58,415**
**(67,951)**
**(93,054)**
**133,174**
**-**
**-**
**(13,421)**
**100,344**
**-**
**(25,238)**
**93,054**
**1,026,254**
**-**
**(124)**
**-**
**-**
**33,297**
**(33,297)**
**-**
**-**
**56,838**
**-**
**-**
**56,838**
**12,439**
**(25,860)**
**13,421**
**-**
**102,574**
**(84,519)**
**93,054**
**1,183,436**
**160,989**
**(152,470)**
**-**
**1,316,610**|
|---|---|---|
The specific purposes for which the funds are to be applied are as follows:
The Restricted General Fund is used to support the general operating and support costs of charity. The Restricted Dohuk Apartment and Care Home Fund represent the Fixed Asset Fund and reflects the net book value of the charity’s fixed assets, amounting to £1,026,254 (2024: £958,438). When fixed assets are purchased, the fund is increased by the cost of those assets. The fund is subsequently reduced by the annual depreciation charge relating to those assets.
During the year, the charity received £56,838 from the Barnabas Fund to support the expansion and equipping of the team in Dohuk. This amount has been carried forward to the following year.
Unrestricted Funds represent balances held at the year end that may be applied at the discretion of the Trustees in furtherance of the charity’s objectives.
Page 17
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **12. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Fund - General
Dohuk Apartments & care home
Dohuk - General
Seminary
**Total of funds**|_Balance at_
_1 August_
_2023_
_£_
_350,932_
_60,918_
_981,814_
_79,457_
_50,000_
_1,172,189_
_1,523,121_|_Income_
_£_
_106,466_
_62,769_
_-_
_-_
_-_
_62,769_
_169,235_|_Expenditure_
_£_
_(221,634)_
_(9,922)_
_(23,376)_
_(79,333)_
_(50,000)_
_(162,631)_
_(384,265)_|_Balance at_
_31 July 2024_
_£_
_235,764_|
|---|---|---|---|---|
|||||
_113,765_
_958,438_
_124_
_-_|
|||||
_1,072,327_|
|||||
_1,308,091_|
## **13. Summary of funds**
## **Summary of funds - current year**
|General funds
Restricted funds|**Balance at 1**
**August 2024**
**£**
**235,764**
**1,072,327**
**1,308,091**|**Income Expenditure**
**Transfers**
**in/out**
**Balance at**
**31 July 2025**
**£**
**£**
**£**
**£**
**58,415**
**(67,951)**
**(93,054)**
**133,174**
**102,574**
**(84,519)**
**93,054**
**1,183,436**
**160,989**
**(152,470)**
**-**
**1,316,610**|
|---|---|---|
Page 18
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **13. Summary of funds (continued)**
## **Summary of funds - prior year**
|General funds
Restricted funds|_Balance at_
_1 August_
_2023_
_£_
_350,932_
_1,172,189_
_1,523,121_|_Balance at_
_Income_
_£_
_Expenditure_
_£_
_31 July 2024_
_£_
_106,466_
_(221,634)_
_235,764_
_62,769_
_(162,631)_
_1,072,327_
_169,235_
_(384,265)_
_1,308,091_|
|---|---|---|
## **14. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**
**Analysis of net assets between funds - prior year**
Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2025**
**£**
1,026,254
157,182
-
1,183,436
_Restricted_
_funds_
_2024_
_£_
_958,438_
_113,889_
_-_
_1,072,327_|**Unrestricted**
**funds**
**2025**
**£**
-
135,818
(2,644)
133,174
_Unrestricted_
_funds_
_2024_
_£_
_-_
_238,127_
_(2,363)_
_235,764_|**Total**
**funds**
**2025**
**£**
**1,026,254**
**293,000**
**(2,644)**
**1,316,610**
_Total_
_funds_
_2024_
_£_
_958,438_
_352,016_
_(2,363)_
_1,308,091_|
|---|---|---|---|
Page 19
**ASSYRIAN CHURCH OF THE EAST RELIEF ORGANISATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **15. Related party transactions**
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 July 2025.
Page 20