COMPANY REGISTRATION NUIABER 08432962
SDA REFORM MOVEMENT
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT AND FINANCIAL
STATEMENTS
31 DECEMBER 2022
CHARITY NUMBER: 11S1248
CAS
on
eomfflunlty 8•n•fft AddnI umii•d
Worth•rn. 3 C•¥•ndi•h Court. South Par•d•
Donca¥i•r
DN1 2DJ
SDA Reforni Movement
(Registered charty, number 1151248)
(Registered company. number 08432952)
Flnancial statements
for the year ended 31 December 2022
Pag•
Cont•nts
Statutory lnf0mian
Trustees. annual report
Independenl examinerfs report
Statement of financial activities
Balance Sheet
Notes to the accounts
10-18
SDA Reform Movement
Trustees, annual report
for the year ended 31 DeGember 2022
The trustees, who a also directors of the charity for the purposes of the Companies Act.
submil their annual rewrt and the financial slalemenls for the year ended 31 Decemt
2022. The Board have adopted the provisions of the Accwnting and Reporting by Charitk?s.'
Statement of Recommended Pradice. applicable lo chwities preparing their accounts
accordance wrth the Finanaal Reporting Standard applicable In ttte UK and Republic of
Ireland {FRS 102) {eff8dive 1st January 20151 the Companies Acl 2006.
Referonce and admini8trallve dotalls
Charty Registration..
1151248
Company Registration:
08432952
R•gl$tsrod Offic•..
27 Old Gloucester Stree( LorKlon, WC1 N 3AX.
Trustees (Dlrectorn):
Prosldent: Pr Dorde B08an•c
Chalrnian: Mr Desbert Orlando Roljerts (from 01101r23)
S•cretsry: Ms Nelia Lovro Santiago dos Prazeres (frLwn 01101123)
Troa•uror: Mr Lino Honor (from 01101123)
Mr Gheorgh8-Co8min Paulescu
Ms Remilyn Grace Guioa (until 31112122)
Mr Ciprian Catalin Budau luntil 31112r22)
Mr Fn8derich 0S¢her (unlil 31112122)
8ank•rn: Barclays Bank Plc. 197 Shenley Road, 84x8hrnod. Hertfordshire, W06 1AR
Barclays Bank Pl¢. Lwkey H(Koe. St. Alb$. Herttordshire, AL1 3LP
Indepandont Examlnor.. Meshach Adelowokan. M¥Hger of CASDon, Workhere.
3 Cavendish Court, South Parade, Doncaster, DN1 2DJ
Th• tru•lMs ol th• charlty hav• compllod wllh s•10 4 Ch•rltlM Act 2006 In lumlllng
th•lr duty to have due regard to publlc benefit guldanc• by th• Charlty Comml••lon.
SDA Reform Movement
Trustees, annual report
for the year ended 31 December 2022
Governance and Man•
Governing Document
SDA Reform Movement vras incorporated on 6 Marth 2013 as a company
limited by guarantee. not havirvJ Sha caprtal. The Company is registered as
charitab Trust. The Clynpany is governed by its Memorandum and
Articles of Association.
oment Infomiallon:
Appolntm•nt of Truste•s
New Trustees are appointed by the rnemb8rs of the Board from a wid8
audience that is open to all members of the Charity. An introduction prO5S is
undertaken for all prospective Trustees before adIng to Board approval.
Trust0• induction and trnlnlng
New Truslees are induced by the Chair of the Board and ex18tlng Board membern.
Organlsatlon
The Charity is managed by a C(mmittee of Trustees which consists of the
President, a Chair Dtre¢t¢y, a Treasurer, a Secretary and one other Director.
The Trustees have Klentif*d Ihe major risks, both financial and operalional. to
which the Charty is exposed arKI have put in place controls to mitigate those
risks.
The Trustees regularly re¥W and monrtor operational controls for improvomont8.
AIPAS AND OBJECTIVES OF THE CHARITY FOR THE PUBUC BENEFIT
The aims and objeiveS of the Charty are..
1) to advance the Christian faith in accordance with the teachings of the
Seventh Day Adventist Reform Movemènt mainty but not exdusNely by:
a) Proclaiming the gospel of Lord Jesus Christ as expressed in the old and
new testaments and the spirit ofprophecy".
b) Organising intogroups arKI thurches the believers who accept
this message and providing places for public wor8htp and
relwJious instructK)n-
c) preparing and ordainin9 ministefs, elders, deacons and religious instructors:
d) organing divine WShIP svi. wayer methngs. bible classes and sabbath
e) Training pers<)ns missionary vmrk and
SDA Reforni Movement
Trustees, annual report
for the year ended 31 December 2022
21 To relteve persons who are in conditions of need or hardship or vtho are
aged or sick in such parts of the Unrted Kingdom or the world as the Trustees
think fit.
,ralegleS usedfor achieving ihp aims andobjeclives
In order for the Charity to meet its aims and objactlves, the Charlty:
1) Holds regular meetings every Saturday in orderto raiseand uplift
moral, especially the youth in thecommunity.
2) Distributes fiyers on outreach programmes held on natural heatth and cooking
classes
3) Holds lectures and seminar8
41 Holds regular bible study
In doing 80. the Trustees, in exercising their dutiés and powers have Complied
wtth the duty in Section 4 of the charrt Act 20C6 to have due regard to the
guidance published by the Charty Commi88ion including Public Benefit
guidance.
MAIN ACTIVITIES AND ACHIEVEMENTS DURING THE YEAR
Canvassing work in different cities during all the year 4-5 days per week.
9th April 2022 - SpiritLAal Meeting which is entitled 'The King's Witnesses'by Bro.
Radu lonita - London
20th and 2151 April 2022- Visits In 2 Care Homes- Doncaster
24th September 2022 - Annual SDA Reform Movement Conference 'Walking on
Water. by Bro. Radu lonrta - London
19th November 2022 - Special Canvassing work in London church - London
09th December 2022 - Conference 'How to Build a Happy Home" by Bro. Jonatas
Salas - Walsall
23rd and 24th December 2022 - Concerts in 3 Care Homes - Doncaster
24th December 2022 - Concert in Doncaster Church
8th August 2022 - Baptism of Leonardo Rojas - Walsall
31st October 2022 - Bapiism of Maria Alves- London
SDA Refonn Movement
Trustees, annual report
for the year ended 31 December 2022
FINANCIAL REVIEW
The results for the year are Set out on page 8.
The charty generated income totalling £182.240 12021.. £168.791) in the year
urKler review. tho principal source of which derived from individual donation*.
Expenses for the year total £149.815 {2021'. £104,914) and consequently resulted in
surplus of £32.425 {2021.' £63.87n for the year.
AS at the yearryend date. general reser4es stood at £171.012 (2021..
£138,587).
R••orvM Pollcy
The Tru8tee8 consider that the Kleal level of re8erve8 Bapproximately £10.CQO in
order to cover unplanned expendrture indudingemergencies.
SMALL COMPANY EXEMPTION
This report ttas been prepared in accordanr2 wrth the special provision8 of Part
15 of the Companies Act 2006 relating lo small companies.
The attached financial statement5 comply th relevant legislation and wlth the
¢harilable company's goveming document.
Tru8tO0s' r•8pon8ibilitie8
Company and charity law require the tru8tee8 to prepare financial Statements fry oach
financial year which give a Irue and fair viéw of the state of affair8 of the charity and of its
incoming resources and application of resource5. including the nel income or expendilure,
during the period. In pPann9 those financial statements, the trustees are required to..
select surtable accounting policies and then apply them con81Stently'.
make judgements and eslimales that are reasonable and prudent.,
state whether applicable accounting slandards and statements of recommended wathee
have been followed, 8ubiect to any matenal departures di108ed and explained in the
finanal statements.,
prepare the financial 8latement3 on the going concem ba818 unle88 it 18 inaPprow to
presume that the company will continue in business.
SDA Reform Movement
Trustees, annual report
for the year ended 31 December 2022
Tru•tse8' mpon8ibilitie8 continued
The tnjstees are responsible for keeping Proper accounting records which disclose
with reasonable accuracy al any time Ihe financial position of the charity and to
enable them to ensura that the financial slatements comply with the Companies Act
2006 and the Charities Act 2011. They are also responsible lor safeguarding ihe
as86t¥ of the charity and hen¢e for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The trustees of the charity who seryed during the year and up to the date of this report are
set out on page 2.
So far a8 the Iru8tee8 are awa, there is no relevant infornialion las defined by Section 418
of the Companies Act 2CYJ61 of which the companws Independent examiner is unaware, and
each trustee has taken all the 8tep8 that he or she ought to have taken as a Ifu¥tee in order
to make himself or herself aware of any relevant information and lo establish Ihal the
company's independent examiner is aware of that infomation.
Fixed a880t8
The movements in fixed assets during the period are llected in note 6 in the accounts.
Events •ln¢• th• balanc• •h••t dat•
No events have OGcurred 8in¢e tl* balance sheet date. which affecl the charity.
This report has been ppared in accordance Vth the Statement of Recommended Praclu..
ACuntIng and Reporting by Charities (SORP 2CQ51.
Signed on behalf of the Trustee Board by Ciprian Catalin Budau - Tru8teelDiroctor
Ciptian Calalin Budau -TrusteelDirector
Dated '. 30th September 2023
Independent examiner's report to the trustees of
SDA Reform Movement
for the year ended 31 December 2022
I report on the accounts of the company. vthich are set out on pages 8 to 16.
Respoctlve respon8Sbilitiès of tru$tee8 and examiner
The trustees (who are also the directors of the company for the Purposes of company
lawl are responsible for the preparation of the accounts. The trustees consider that an
audit is not required for this year under sèction 144{21 of the Charities Act 2011 {the
2011 Act) and that an independent examination is needed. Having satisfied myself that
the Charity is not subject to audit under company law and is eligible for independent
examin8tion, rt is my re$pon$ikn"lity lo..
examine the accounts under sedion 145 of the 2011 Act.,
follow the procedures laid down in the general dI¢t10nS given by the Charity
Commissioners under section 14515){bl of the 2011 Act, and
state whether particular Matters have come to my attention.
Basls of independent examlnor's report
My examination was carned out in accordance with the general direction8 given by the
Chanty Cammission. An examination includes a review of the accounting record$ kept
by the charity and a comparison of the accounts presentgd with those records. 11 also
includes consideration of any unusual item5 or disclosures in the accounts, and
seeking explanations from you as Iruslees concerning any such matters. The
procedures undertaken do noi provide all the evidence that would be required in an
audit and consequently no opinion 15 given as to whether the accounts present a 'lrue
and fair view, and the report is limrted to those matters set out in the stalement below.
Independent examiner's statsment
In connection with my examination, no matter has come to my attention..
which gives me reasonable cause to beIve Ihat in any material respect the
requirements..
lo keep accounting records in accordance with section 386 of the Companies
Act 2006, and
to prepare accounts which accord wrth the accounting record8 and Comply with
the accounting requirements of section 396 of the Companies Act 20C6 and
with the methods and principles of th• Slalement of Recommended Pract..
A¢counting and Reporting by Charrti03
have not been met., or
2. to which, in my opinion, attention should be drawn in order to enable a wjper
understanding of the a¢¢ounl8 to be reached.
Signed
Meshach Adelowokan. FAIA. FCIE
Manager of CASDon
Date
## **SDA Reform Movement Statement of financial activities (incorporating an income and expenditure account) for the year ended 31 December 2022**
||Unrestricted|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|**_2022_**|**_2021_**|
||**Note**|**£**|**£**|**£**||
|**Income (and endowments) from:**||||||
|Donations and legacies|**2**|182240||**182240**|168791|
|Investments|**3**|||||
|Total income||**182240**|-|**182240**|168791|
|**Expenditure on:**||||||
|Charitable activities|**4**|149815|**-**|149815|104914|
|**Total expenditure**||**149815**|-|**149815**|104914|
|**Net income/expenditure**||**32425**||**32425**|63877|
|Transfers between funds||||||
|**Net movement**in**funds**||**32425**|-|**32425**|**63877**|
|**Reconciliation of funds**|**9, 11**|||||
|Total funds brought forward||138587||138587|74710|
|**Total funds carried forward**||**171012**|-|**171012**|**138587**|
All the activities of the charitable company are classed as continuing. The company had no recognised gains or losses other than the net income for the period.
8
## **SDA Reform Movement Balance sheet at 31 December 2022**
## **Company Number: 08432952**
|**Note**
**Fixed assets**
Tangible assets
**6**
_Total fixed assets_
**Current assets**
Debtors
**7**
Cash at bank and in hand
_Total current assets_
**Liabilities**
Creditors:
amounts falling due within one year
**8**
**Net current assets**
**Total net assets**
**The funds of the charity**
**9,11**
Unrestricted income funds
Designated
General
Restricted income funds
_Total charity funds_|£
5147
576
166389
166965
(1100)|**_2022_**
£
5147
165865
**171012**
171012
171012
**171012**|1025
**523**
138199
138722
(1160)|_2021_
£
1025
**137562**|
|---|---|---|---|---|
|||||**138587**|
|||||**138587**|
|||||**138587**
**138587**|
_For the period ending 31 December 2022 the company_ was _entitled to exemption from audit under section 477 of the Companies Act 2006 relating to_ small _companies._
_Directors' responsibilities:_
- _The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006;_
- _The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts._
_These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and with the Financial Reporting Standard for Smaller Entities (effective April 2008)._
The financial statements on pages 8 to 16 were approved by the Board on 30th September 2023 and signed on its behalf by:
**Signed �** Ciprian Catalin Budau, DirectorrTrustee
Dated _KO tJ g .2©.2_3_
## **The notes on pages 10 to 16 form part of these financial statements**
g
## **SDA Reform Movement Notes to the accounts for the year ended 31 December 2022**
## **1. Accounting policies**
## **Basis of the preparation of the accounts**
The financial statements have been prepared in accordance with the 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 st January 2015) the Companies Act 2006, The Charities Act 2011 and applicable regulations.
The Charity meets the definition of a public benefit entity. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Income**
Income is recognised when the charity has entitlement to the funds, any conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from grants, whether 'capital' or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured and is not deferred.
For Legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made, or when a distribution is received from the estate. Receipt of a legacy in whole or in part is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate and the criteria for income recognition have not been met, then the legacy is treated as a contingent
## _**Donated services and facilities**_
Donated services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and . that economic benefit can be measured reliably
## _**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 bank.
10
## **SDA Reform Movement Notes to the accounts continued for the year ended 31 December 2022**
## **1. Accounting policies - continued**
## **Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## **Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified underthe following headings:
- Cost of raising funds are those costs incurred in attracting voluntary income.
- Expenditure on charitable activities includes all direct costs incurred to further the .
- purpose of the charity together with associated support costs
- Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred .
## **Allocation of support costs**
Support costs are those functions that **assist** the work of the charity but do not directly undertake charitable activities. Support costs include office costs, finance, personnel, payroll and governance costs which support the charity's activities. These costs have been allocated entirely to the sole activity of the charity, being that of missionary work to advance the teachings of the movement.
## **Tangible fixed assets**
All tangible fixed asset expenditure is capitalised at cost. Provision is made for depreciation on all tangible fixed assets, at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life as follows:
IT Equipment - 33.3% on written down value Motor Vehicles - 25% on **written** down value
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
11
## **SDA Reform Movement Notes to the accounts continued for the year ended 31 December 2022**
## **1. Accounting policies - continued**
## **Cash atbankand in hand**
Cash at bank and cash 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.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Restricted and Unrestricted Funds**
Restricted funds are funds received from donors which are subject to restrictions on the purposes for which they may be used. Unrestricted funds are those where there are no externally imposed restrictions. These include funds freely available to the charity for expenditure or appropriation to reserves for internally designated purposes.
## **Designated** Funds
The charity's designated funds are established as a result of regular review of its ongoing needs by the Board of Trustees, and are intended to fully cover significant identifiable financial commitments.
## **Taxation**
As a registered charity, the company is exempt from income and capital taxes on its charitable activities.
## 2. Income from Donations and grants
|ncome from Donations and gra|nts||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**_2021_**|
||funds|funds|funds|**Total**|
||**£**|£|**£**|**£**|
|Donations and gifts from individuals|182240||**182240**|168791|
||182240||182240|168791|
## 3. Investment income
**Unrestricted Restricted Total** 2020 funds funds funds **Total** £ £ £ £ Bank Interest
12
## **SDA Reform Movement Notes to the accounts continued for the year ended 31 December 2022**
## **4. Analysis of expenditure on charitable activities**
||**Unrestricted**|**Restricted**|**Total**||
|---|---|---|---|---|
||**funds**|**funds**|**funds**||
||||**_2022_**|_2021_|
|_Direct costs of Missionary_|£|£|£|£|
|Bibles, courses, conference & meeting costs|||||
|Field expenditure|18635|-|**18635**|26148|
|General council costs|29180|-|**29180**|2657|
|Hall hire|31992|-|**31992**|22137|
|Social care costs|6356|-|**6356**|250|
|Human resources|59429|-|**59429**|51493|
|Support & Governance costs|4223|-|**4223**|2229|
||**149815**|-|**149815**|104914|
## **5. Allocation of support & governance costs**
The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance costs, the remaining support costs together with the governance costs allocated entirely to missionary work, being the charity's sole activity.
||**Basis**of|**General**|**Governance**|**Total**|Total|
|---|---|---|---|---|---|
||**allocation**|||**_2022_**|_2021_|
||**Basis**|**General**|**Governance**|**_Total_**|_Total_|
|||**£**|**£**|**£**|£|
|General office expenses|Usage|162|18|**180**|180|
|Bank charges|Governance|||||
|Independent examiner's fees|Governance|-|900|**900**|900|
|Legal & Professional|Governance|-|100|**100**|100|
|Depreciation|Usage|2739|304|**3043**|1049|
|Loss on asset disposal|Usage|||||
|||**2901**|**1322**|**4223**|2229|
13
## **SDA Reform Movement Notes to the accounts continued for the year ended 31 December 2022**
## **6. Tangible assets (analysis of opening & closing carrying amounts}**
|**Cost or valuation**
**At beginning of the period**
Additions
Disposals
At end of the period
**Depreciation and impairments**
At beginning of the period
Disposals
Loss on disposal
Depreciation
At end of the period
**Net book value**
At beginning of the period
At end of the period
-|**IT**
**Motor**
**equipment**
**vehicle**
£
£
3380
3400
2765
4400
**6145**
**7800**
2355
3400
1943
1100
**4298**
**4500**
**1025**
-
**1847**
**3300**
**Total**
**£**
**6780**
**7165**
**13945**
**5755**
**3043**
**8798**
**1025**
**5147**|
|---|---|
## **7. Debtors**
|Prepayments
Other debtors and accrued income|**2022**
_2021_
**£**
**£**
576
523
**576**
**523**|
|---|---|
## **8. Creditors - amounts falling due within 1 year**
||**_2022_**|_2021_|
|---|---|---|
||£|£|
|Other creditors|100|100|
|Accruals|1000|1060|
||**1100**|1160|
14
## **SDA Reform Movement Notes to the accounts continued for the year ended 31 December 2022**
## **9. Movements in funds**
|**Movements in funds**||||||
|---|---|---|---|---|---|
||**Balances**||||**Balances**|
||**brought**||||**carried**|
||**forward**|**Income**|**Expenditure**|**Transfers**|**forward**|
||**£**|**£**|**£**|**£**|**£**|
|**Unrestricted Funds**||||||
|General|138587|182240|(149815)||171012|
||**138587**|**182240**|**(149815)**||**171012**|
|**Restricted Funds**||||||
## **10. Staff costs and numbers**
Staff costs were as follows:
|**Staff costs and numbers**
Staff costs were as follows:|||
|---|---|---|
||_2022_|_2021_|
||**£**|**£**|
|_Staff_salaries and related costs|59429|51493|
||**59429**|51493|
No employee received emoluments of more than £60,000. The average weekly number of employees during the **year** was 2 (2021: 2) The persons employed were also trustees of the charity.
## **1 1 .Analysis of net assets by fund**
||**Unrestricted**|**Restricted**|Total|
|---|---|---|---|
||**funds**|**funds**|**funds**|
||**£**|**£**|**£**|
|Fixed assets|5147||5147|
|Net current assets|165865|-|165865|
||**171012**|-|**171012**|
## **1 2. Fees payable to independent examiner**
During the period, the fees payable (excluding VAT) to the charity's independent examiner CASDon (Community Accountancy Services Doncaster) are analysed as follows:
||**_2022_**|_2021_|
|---|---|---|
||**£**|**£**|
|Independent examination|900|900|
|Other financial services|100|100|
||**1000**|1000|
1 5
## **SDA Reform Movement Notes to the accounts continued for the year ended 31 December 2022**
## **13. The Trustees' remuneration, benefits and expenses**
During the year the charity paid two of its trustees (ministers), Pr Dorde Bosanac, and Mr Cosmin Paulescu a total of £46,221.53, in wages and expenses incurred.
The minister is a trustee and receives his stipend as a minister. This is exceptionalised by the Charity Commission.
## **14. Related party transactions**
There have been no related party transactions during the period under review.
## **15. Share Capital**
The company is registered as a company limited by guarantee and has no share capital. The current members are guarantors in the sum of £1 each.
16