**Charity number: 1168168** ## **HOLY TRINITY ROMANIAN CHURCH** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2023** ## **HOLY TRINITY ROMANIAN CHURCH** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |**Trustees' report**|2 - 4| |**Independent examiner's report**|5| |**Statement of financial activities**|6| |**Balance sheet**|7| |**Statement of cash flows**|8| |**Notes to the financial statements**|9 - 18| **HOLY TRINITY ROMANIAN CHURCH** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023** **Trustees** Gheorghe Lucaciu, Chair Aurel Ardelean Corneliu Popa David Gabriel Prunean **Charity registered number** 1168168 **Principal office** 45 Barmouth Avenue Perivale Greenford UB6 8JS **Accountants** GIL Accountancy Services 177 Ballens Road Chatham Kent ME5 8PG Page 1 **HOLY TRINITY ROMANIAN CHURCH** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023** The Trustees present their annual report together with the financial statements of the HOLY TRINITY ROMANIAN CHURCH for the 1 April 2022 to 31 March 2023. Trustees who served during the year were: Gheorghe Lucaciu, Chair Aurel Ardelean Corneliu Popa David Gabriel Prunean ## **Objectives and activities** ##  **Policies and objectives** The main objective among others is the advancement of the christian faith in such ways as the charity trustees may from time to time decide. 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)'. ##  **Activities undertaken to achieve objectives** The church held weekly open door church services during the year providing spiritual nourishments to its members as well as providing several welfare assistance where there trustees identified a need. ## **Achievements and performance** ##  **Main achievements of the Charity** During the year, the charity undertook several welfare and overseas projects aimed at sharing the message of God's salvation and bringing relief to people who are in dire need. These included buying and distribution of bibles, providing equipments to start up churches and several poverty allevation initiatives. ##  **Financial review** Total receipts during the year was £545,469 (2022: £527,887). Total expenditure for the year was £471,361 (2022: £386,783). The detailed breakdown of the accounts can be found in the accompanying SOFA, balance sheet and notes. ##  **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. Page 2 **HOLY TRINITY ROMANIAN CHURCH** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** ##  **Reserves policy** The trustees aim to build up reserves to enable the CIO to acquire its own place of worship and operations. This has been identified as a key success factor by the trustees in order to fully realise the charitable objects of the charity. ## **Structure, governance and management** ##  **Constitution** HOLY TRINITY ROMANIAN CHURCH is a registered charity, number 1168168, and is constituted under a Trust deed. ##  **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. ##  **Organisational structure and decision-making policies** No new trustee was appointed during the year. The board of trustees set the direction and policy framework for the Church. The board also put in place the process for reviewing, evaluating and implementing appropriate risk management framework. ##  **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, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Page 3 HOLY TRINifY ROMAMIW4 CHIJRCH TRUSTEE8' REPORT IcopmiiuEDI FOR THE YEAR ENDÈO 31 MARCH 2023 Th8 Trustgè3 8r¥ Y8•x￿81￿ for wepirfng thB TnJ2t8è8' r*khYt Und Ihb nrwrKlal slalwnonts kn 8co*6anc• Th• law b> dwrllth & W8le8 roqulr88 IP* TftMt•8s fc¢ •ath finandal a true #nd fak ol Ihe 8tate ol all8lrg ol Ihe Charlty and ol rts irw¥ing r•a(yw app1vI￿ of rescMJrco$. I￿￿ding its incomB and expe￿. w•, IOT that frfwxy8f Stalwr￿l$, Ihg Twstsès 8re Ftquked to.. 84gcl gjllabkn acccwniww pollen$ OIKI than appty Ihom consisionty, obsom fv m8lhods and wlndpl8s ol thè Clwili03 SORP (FRS 102}: make ludgmgnl8 and accounlirva 8siimales Ihat arè reascfiatl• aThJ W￿￿OnI. stste whthr app1K&b￿ UK Accounb"rvJ Stsnderds IFRS 1021 hav8 been f01km￿l, lo￿ nknl d¢p8rtUrn8 disdosed anrl expla￿ed in the finan¢ial slateftwts: Charity** C£￿1nUe In busknèB The Trustees afe reSp￿s1￿ fix keeping adequate ar£ounting rec¥xth Ihat tr) and tr* Charity$ tr8ns*Kn3 and disdose with reasonable accuracy At 8ny tme th8 Cl enabbB Ih8m to ensure thal th8 financi￿ siaiements comply ¥rilh lh& ClwkOe8 >41 2011. ts clwi.ty IALwJnts ￿ Reports) Regulalknns 2C08 and the wovislons of fl* Tw$1 ¢Jeed. TIW afy akn $8(8gLwdirwJ the assets ofthe Charity and tawng st4ps foy ts pr8Yention arml delockn c IM￿) arK1 ottw hyegufarflles. Dale.. 27 Jwuary2024 Pago 4 **HOLY TRINITY ROMANIAN CHURCH** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023** ## **Independent Examiner's Report to the Trustees of HOLY TRINITY ROMANIAN CHURCH ('the Charity')** I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023. ## **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** Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of (enter body here), which is one of the listed bodies. 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. Signed: Dated: 27 January 2024 D Tabiri FCCA 177 Ballens Road, Chatham. ME5 8PG Page 5 **HOLY TRINITY ROMANIAN CHURCH** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** |**Note**
**Income from:**
Donations and legacies
3
**Total income**
**Expenditure on:**
Raising funds
4
Charitable activities
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**545,469**
**545,469**
**72,060**
**399,301**
**471,361**
**74,108**
**779,655**
**74,108**
**853,763**|**Total**
**funds**
**2023**
**£**
**545,469**
**545,469**
**72,060**
**399,301**
**471,361**
**74,108**
**779,655**
**74,108**
**853,763**|_Total_
_funds_
_2022_
_£_
_527,887_| |---|---|---|---| ||||_527,887_| ||||_62,081_
_324,702_| ||||_386,783_| ||||_141,104_| ||||_638,551_
_141,104_| ||||_779,655_| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 9 to 18 form part of these financial statements. Page 6 HOLY TRINITY ROMANIAN CHURCH BALANCE 8HEET A8 AT 31 PAARCH 2023 2023 Flxed 888•ts 782.131 87.tr22 782.134 10 2N3 87,506 725,864 90.079 724864 11 <1B,450) (13.544J 71,629 712.320 T(*•l Il•blllttè¥ 8S3.763 780, 142 than ¢Th yaar 12 Ilèt 0X￿dIng p•nslon a￿t 853.763 853.763 UnresthLtsd fvnds a53.763 153,163 tt*ir b*wifby.' 18 Im w of thom $lAlam•nh. Page 7 **HOLY TRINITY ROMANIAN CHURCH** ## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023** |**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Cash flows from financing activities**
**Net cash provided by financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
The notes on pages 9 to 18 form part of these financial statements|**2023**
**£**
**137,419**
**(775,777)**
**(775,777)**
**-**
**(638,358)**
**725,864**
**87,506**|_2022_
_£_
_189,843_
_(38,354)_
**(38,354)**
**-**
**151,489**
_574,375_
_725,864_| |---|---|---| Page 8 **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **1. General information** **Charity registered number** 1168168 ## **Principal office** 45 Barmouth Avenue, Perivale, Greenford, UB6 8JS ## **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. HOLY TRINITY ROMANIAN CHURCH meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **2.2 Income** All income is recognised 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. ## **2.3 Expenditure** Expenditure is recognised 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 raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 9 **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **2. Accounting policies (continued)** ## **2.4 Tangible fixed assets and depreciation** Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised 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, using the straight-line method. Depreciation is provided on the following bases: |Freehold property|-| |---|---| |Plant and machinery|- 20% straight line| |Motor vehicles|- 20% straight line| ## **2.5 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **2.6 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. ## **2.7 Liabilities and provisions** Liabilities are recognised 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 recognised 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. ## **2.8 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 recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 10 **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **2. Accounting policies (continued)** ## **2.9 Finance leases and hire purchase** Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Charity. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. ## **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. ## **3. Income from donations and legacies** |**Unrestricted**
**funds**
**2023**
**£**
Donations
545,469
_Unrestricted_
_funds_
_2022_
_£_
Donations
_527,887_|**Total**
**funds**
**2023**
**£**
**545,469**| |---|---| ||_Total_
_funds_
_2022_
_£_
_527,887_| Page 11 **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **4. Expenditure on raising funds** ## **Costs of raising voluntary income** |**Unrestricted**
**funds**
**2023**
**£**
Wages and salaries
72,060
_Unrestricted_
_funds_
_2022_
_£_
Publicity
_14_
Wages and salaries
_62,067_
_Total 2022_
_62,081_|**Total**
**funds**
**2023**
**£**
**72,060**| |---|---| ||_Total_
_funds_
_2022_
_£_
_14_
_62,067_| ||_62,081_| ## **5. Analysis of expenditure by activities** |Church activities
Overseas missions
**Total 2023**|**Activities**
**undertaken**
**directly**
**2023**
**£**
295,543
42,928
338,471|**Support**
**costs**
**2023**
**£**
60,830
-
60,830|**Total**
**funds**
**2023**
**£**
**356,373**
**42,928**| |---|---|---|---| ||||**399,301**| Page 12 ## **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **5. Analysis of expenditure by activities (continued)** |Church activities
Overseas missions
_Total 2022_
**Analysis of direct costs**
Depreciation
Donations
Welfare expenses - Social
Rent & Hall hire
Repairs and maintenance
Hospitality & protocol
Overseaas missions
Youth and Sunday school
Equipment hire
Books, Cds etc
Church and ministry expenses
HP interest|_Activities_
_undertaken_
_directly_
_2022_
_£_
_197,908_
_69,794_
_267,702_|_Support_
_costs_
_2022_
_£_
_57,000_
_-_
_57,000_
**Total**
**funds**
**2023**
**£**
**61,466**
**48,099**
**4,649**
**104,926**
**35,662**
**10,377**
**42,928**
**1,980**
**350**
**527**
**27,138**
**369**
**338,471**|_Total_
_funds_
_2022_
_£_
_254,908_
_69,794_| |---|---|---|---| ||||_324,702_| ||||_Total_
_funds_
_2022_
_£_
_37,602_
_44,867_
_18,553_
_76,689_
_515_
_6,533_
_69,794_
_3,240_
_-_
_2,529_
_7,011_
_369_| ||||_267,702_| Page 13 **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **5. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |Subscriptions
Printing, postage and stationery
Motor running expenses
Travelling & subsistence
Sundry expenses
Bank charges
Accountancy fees
Telephone, internet & Church Apps
Insurance|**Total**
**funds**
**2023**
**£**
**-**
**-**
**33,451**
**15,769**
**2,070**
**1,355**
**1,870**
**2,998**
**3,317**
**60,830**|_Total_
_funds_
_2022_
_£_
_541_
_1,676_
_21,241_
_15,231_
_6,060_
_2,423_
_3,100_
_5,787_
_941_| |---|---|---| |||_57,000_| ## **6. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £2,500 _(2022 - £2,500)_ , and other accountancy related services of £600 ( _2022_ - _£1,908_ ). ## **7. Staff costs** |Wages and salaries|**2023**
**£**
**72,060**
**72,060**|_2022_
_£_
_62,067_| |---|---|---| |||| |||_62,067_| The average number of persons employed by the Charity during the year was as follows: ||**2023**|_2022_| |---|---|---| ||**No.**|_No._| |Staff|**2**|_2_| No employee received remuneration amounting to more than £60,000 in either year. Page 14 **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **8. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2022 - £NIL)_ . During the year ended 31 March 2023, no Trustee expenses have been incurred _(2022 - £NIL)_ . ## **9. Tangible fixed assets** |**Cost or valuation**
At 1 April 2022
Additions
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
_At 31 March 2022_
**Debtors**
**Due within one year**
Other debtors|**Freehold**
**property**
**£**
**-**
**711,131**
**711,131**
**-**
**-**
**-**
**711,131**
_-_|**Plant and**
**machinery**
**£**
**154,070**
**64,645**
**218,715**
**103,398**
**54,678**
**158,076**
**60,639**
_50,672_||**Motor**
**vehicles**
**£**
**23,940**
**-**
**23,940**
**6,788**
**6,788**
**13,576**
**10,364**
_17,152_
**2023**
**£**
**2,573**
**2,573**|**Total**
**£**
**178,010**
**775,776**| |---|---|---|---|---|---| ||||||**953,786**| ||||||**110,186**
**61,466**| ||||||**171,652**| ||||||**782,134**| ||||||_67,824_| ||||||_2022_
_£_
_-_
_-_| ## **10. Debtors** Page 15 **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **11. Creditors: Amounts falling due within one year** |Other taxation and social security
Obligations under finance lease and hire purchase contracts
Other creditors
Accruals and deferred income|**2023**
**£**
**-**
**487**
**15,463**
**2,500**
**18,450**|_2022_
_£_
_914_
_5,470_
_4,660_
_2,500_| |---|---|---| |||| |||_13,544_| ## **12. Creditors: Amounts falling due after more than one year** ||**2023**|_2022_| |---|---|---| ||**£**|_£_| |Net obligations under finance lease and hire purchase contracts|**-**|_487_| ## **13. Financial instruments** ||**2023**|_2022_| |---|---|---| ||**£**|_£_| |**Financial assets**||| |Financial assets measured at fair value through income and expenditure|**87,506**|_725,864_| Financial assets measured at fair value through income and expenditure comprise debtors and cash at bank. ## **14. Summary of funds** |||||**Balance at**| |---|---|---|---|---| ||**Balance at 1**|||**31 March**| ||**April 2022**|**Income**|**Expenditure**|**2023**| ||**£**|**£**|**£**|**£**| |General funds|**779,655**|**545,469**|**(471,361)**|**853,763**| Page 16 **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **15. Analysis of net assets between funds** |**Unrestricted**
**funds**
**2023**
**£**
Tangible fixed assets
782,134
Current assets
90,079
Creditors due within one year
(18,450)
**Total**
853,763|**Total**
**funds**
**2023**
**£**
**782,134**
**90,079**
**(18,450)**| |---|---| ||**853,763**| ## **16. Reconciliation of net movement in funds to net cash flow from operating activities** |Net income for the year (as per Statement of Financial Activities)
**Adjustments for:**
Depreciation charges
Increase in creditors
**Net cash provided by operating activities**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**|**2023**
**£**
**74,108**
**61,466**
**2,366**
**137,940**
**2023**
**£**
**87,506**
**87,506**|_2022_
_£_
_141,104_| |---|---|---| |||_37,602_
_11,137_| |||| |||_189,843_| |||_2022_
_£_
_725,864_| |||| |||_725,864_| ## **17. Analysis of cash and cash equivalents** Page 17 **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **18. Analysis of changes in net debt** |Cash at bank and in hand
Finance leases|**At 1 April**
**2022**
**£**
**725,864**
**(5,957)**
**719,907**|**Cash flows**
**£**
**(638,358)**
**5,470**
**(632,888)**|**At 31 March**
**2023**
**£**
**87,506**
**(487)**
**87,019**| |---|---|---|---| ## **19. Related party transactions** The HOLY TRINITY ROMANIAN CHURCH has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the HOLY TRINITY ROMANIAN CHURCH at 31 March 2023. Page 18