Charity Number 1140421
SAINT MAKARIOS THE GREAT ECCLESIASTICAL TRUST ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2021
ACCOUNTS GEEK LTD 243 Harehills Lane Leeds
LS8 3RG
SAINT MAKARIOS THE GREAT ECCLESIASTICAL TRUST
ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2021
CONTENTS
| Trustees' annual report --------------------------------------------------------------------- | 1 - 2 |
|---|---|
| Independent examiner's report ---------------------------------------------------------- | 3 |
| Balance Sheet --------------------------------------------------------------------------------- | 4 |
| Statement of financial activities ---------------------------------------------------------- | 5 |
| Notes to the accounts ----------------------------------------------------------------------- | 6 - 7 |
SAINT MAKARIOS THE GREAT ECCLESIASTICAL TRUST TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2021
The trustees present their report and the unaudited accounts of the charity for the year ended 5 April 2021.
REFERENCES AND ADMINISTRATIVE DETAILS
Saint Makarios The Great Ecclesiastical Trust
Registered charity name Charity registration number 1140421 Principal Office 109 Stanks Drive Leeds West Yorkshire LS14 5NS
The trustees
The trustees who served the charity during the period were as follows:
Rev.Dr. Petru Ciprian Nedelcu (Chairman) Mr. Ciprian Rosu (Hon Secretary) Mr. George Adrobotoaiei (Hon Treasurer) Mr. Cristian Solcanu (Appointed January 2021)
Independent examiner
All Day Accountants Ltd 243 Harehills Lane Leeds LS8 3RG
STRUCTURE, GOVERNANCE AND MANAGEMENT
Saint Makarios The Great Ecclesiastical Trust was established in September 2010 and its constitution in governed by a Trust Deed dated 13 February 2011 as amended on 15 January 2021. The charity is managed by a Board of Trustees and their details are as shown above.
OBJECTIVES AND ACTIVITIES
The objectives of the charity are:
(i) to advance the Christian Religion for the benefit of the public in accordance with the doctrines of the Romanian Orthodox Church and
(ii) charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the Trustees may from time to time determine.
The charity's registered working name is SMOC.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
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SAINT MAKARIOS THE GREAT ECCLESIASTICAL TRUST TRUSTEES' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021
ACHIEVEMENTS AND PERFORMANCE
The charity was established in September 2010 with the goal to advance the Orthodox Christian religion for the benefit of the public in accordance with the doctrines and teachings of the Romanian Orthodox Church. The first objective was to raise money through donations to facilitate the purchase of a church property from the Church of England. The purchase of the then redundant Church of ‘Saint Michael and All Angels’ was complete in October 2011 and consecrated two years later, in September 2013. The church has been used as place for worship since November 2011.
Up to the beginning of the current reporting period, the charity achieved major milestones, including the installation of a ceremonial wooden screen, iconostasis, refurbishment of the old vestry and organ rooms, refurbishment of the church hall, repair the church heating system, church structural repair, the tower bell was consolidated and the new bell was placed in, CCTV System was installed, all old church lamps have been replaced with economical LED lamps, the confession room was completely renovated, church heating system was replaced, church sound system was replaced, two chandeliers were installed in the church, a parish library was arranged, purchased a large candles support, video network (live broadcast of divine services) was installed.
Over the reporting period, the charity ran the property safely, especially in this period of pandemic. Therefore, we have strictly followed the Government's recommendations. Also, during the 06 April 2020 – 05 April 2021 period, the following works took place: church’s roof repair and we started painting the icons on the church walls in accordance with the Orthodox Christian tradition.
PLANS FOR FUTURE PERIODS
For the upcoming reporting periods, the trustees team will be considered a number of projects, as:
(i) Church Hall heating system replacing
(ii) To continue the painting of icons on the church walls. It is a complex process with 700m2 to cover and will take about 5 years.
FINANCIAL REVIEW
The statement of financial activities annexed hereto show a surplus for the year of £29,280 leaving a balance to carry forward of £211,488.
Signed on behalf of trustees
Rev. Dr. Petru Ciprian Nedelcu
20-Dec-21
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SAINT MAKARIOS THE GREAT ECCLESIASTICAL TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2021
I report to the trustees on my examination of the accounts of the charity for the year ended 5 April 2021 which are set out on pages 4 to 7.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. The trustees also considering that an audit is not required for this year under section 144(2) of the Charities Act 2011 and examination is needed.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act 2011 and in carrying out my examination, I have followed all the applicable directions given by Charity commission under section 145(5)(b) of the Act 2011.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no option is given as to whether the accounts present a true and fair view and the report is limited to those mattes set out in the statement below.
INDEPENDET EXAMINER'S STATEMENT
In accordance with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
To keep accounting records in accordance with section 130 of the 2011 Act: and
-
To prepare accounts accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Shabaz Ahmed
Shabaz Ahmed All Day Accountants Ltd Independent Examiner
20-Dec-21
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SAINT MAKARIOS THE GREAT ECCLESIASTICAL TRUST
BALANCE SHEET AS ON 5 APRIL 2021
| Note FIXED ASSETS Tangible assets 2 CURRENT ASSETS Cash at bank 3 CURRENT LIABILITIES 4 NET CURRENT ASSETS TOTAL ASSETS FUNDS Unrestricted funds 5 TOTAL FUNDS |
5 April 2021 £ 116,684 95,544 (740) 94,804 211,488 211,488 211,488 |
5 April 2020 £ 116,684 66,274 (750) 65,524 |
|---|---|---|
| 182,208 | ||
| 182,208 | ||
| 182,208 |
These accounts were approved and signed on behalf of trustees and authorised for issue on 20 December 2021
Rev. Dr. Petru Ciprian Nedelcu
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SAINT MAKARIOS THE GREAT ECCLESIASTICAL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021
| Note INCOME RESOURCES Voluntary income 6 Activities from generating funds 7 Investment income 8 Total incoming resources RESOURCES EXPENDED Cost of generating voluntary income 9 NET INCOMING/(OUTGOING) RESOUCES Total fund brought forward TOTAL FUND CARRIED FORWARD |
Unrestricted Funds 49,157 19,100 40 |
Total Funds 5 April 2021 49,157 19,100 40 68,298 39,018 29,280 182,208 211,488 |
Total Funds 5 April 2020 48,277 7,933 108 |
|---|---|---|---|
| 68,298 39,018 29,280 182,208 211,488 |
56,318 36,489 |
||
| 19,828 162,380 |
|||
| 182,208 |
These Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities.
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SAINT MAKARIOS THE GREAT ECCLESIASTICAL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2021
1. ACCOUNTING POLICIES
Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards and the requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005).
2. Fixed Assets
All fixed assets are initially recorded at cost.
TANGIBLE FIXED ASSETS
| COST At 6 April 2020 Additions At 5 April 2021 DEPRECIATION At 6 April 2020 Charged during the year At 5 April 2021 NET BOOK VALUE At 5 April 2020 At 5 April 2021 3. CASH & BANK 4. CURRENT LAIBILITIES Accountancy Fee Payable 5. UNRESTRICTED FUNDS General Funds |
Land & Building £ 51,000 - 51,000 - - - - 51,000 51,000 95,544 740 Balance at 5 April 2020 182,208 |
Plant & Machinery £ 65,684 - 65,684 - - - 65,684 65,684 Incoming Resources 29,280 |
Total £ 116,684 - Assets |
|---|---|---|---|
| 116,684 | |||
| - - |
|||
| - | |||
| 116,684 | |||
| 116,684 | |||
| Balance at 5 April 2021 211,488 |
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SAINT MAKARIOS THE GREAT ECCLESIASTICAL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2021
6. VOLUNTARY INCOME
| Unrestricted Total Funds Funds 5 April 2021 Income from donations 40,117 40,117 Gift Aid claims & Others 11,903 11,903 52,020 52,020 Unrestricted Total Funds Funds 5 April 2021 7. INCOMING RESOURCES FROM ACTIVITIES FOR GENERATING FUNDS Other activities for generating funds 16,237 16,237 8. INVESTMENT INCOME Bank interest 40 40 9. COSTS OF GENERATING VOLUNTARY INCOME Support costs 39,018 39,018 10. COSTS AND EMOLUMENTS |
Total Funds 5 April 2020 46,192 2,085 |
|---|---|
| 48,277 | |
| Total Funds 5 April 2020 7,933 108 36,489 |
No salaries or wages have been paid to trustees, including the member of the committee, during the year.
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