**Charity number: 1168168** ## **HOLY TRINITY ROMANIAN CHURCH** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2024** **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 2024** |**Trustees**|Gheorghe Lucaciu, Chair| |---|---| ||
Iulia Daniela Rus| ||Bogdan Cnis| ||Claudia - Tabita Girtu| |






**Charity** **registered**
**number**
**Principal** **office**
**Accountants**|Marian Danut Buliga
Daniel Bucur
Otniel Trinc
Ghita Curteanu
David Gabriel Prunean
Corneliu Popa
Aurel Ardelean
1168168
45 Barmouth Avenue
Perivale
Greenford
UB6 8JS
ACUMEN LONDON LTD
107 Burdett Road
London
E3 4JN| Page 1 **HOLY TRINITY ROMANIAN CHURCH** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024** The Trustees present their annual report together with the financial statements of the HOLY TRINITY ROMANIAN CHURCH for the 1 April 2023 to 31 March 2024. Trustees who served during the year were: Gheorghe Lucaciu, Chair Iulia Daniela Rus Bogdan Cnis Claudia - Tabita Girtu Marian Danut Buliga Daniel Bucur Otniel Trinc Ghita Curteanu David Gabriel Prunean Corneliu Popa Aurel Ardelean ## **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 alleviation initiatives. ##  **Financial review** Total receipts during the year were £ 717,777 (2023: £545,469). Total expenditure for the year was £483,745 (2023: £471,361). The detailed breakdown of the accounts can be found in the accompanying SOFA, balance sheet and notes. Page 2 **HOLY TRINITY ROMANIAN CHURCH** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024** ##  **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. ##  **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. ICONTFIIUEDI FOR TrIE YeAR EIIDEO JI IAARCIg 2024 XOLYTRpirrY ¢llUllCH TRUSIEEY M)RT ICOMTlllitEDI FOA THE YEAft ÉNDED 31 WACH 2W44 ltsr eath ￿e a true aral faw biew of Ihe state of th"r8 of Il* Ct%•ty ts115 l￿ge￿￿E fr*tKth (kllhÈ Ch3Fths SORP IFRS ?021. Makej￿$ and ac(xxmTrry ests"maies ihal are reas¢)nable 8Tr1 stale ap￿*3b￿ {JKAcco￿try IFRS IOZI Ipve teen fdkn4vX. m*Fn¥i dèpartwe5 tsjsck)￿ ￿p&ll￿¥t in ts. firkqnrad Stat￿￿. are f**ntsal 5tsteiwils or¥ the r¢¥K*n basY6 oftr* Chanty 8rn1 er*bk them lo en5we Iiw kne finarual sialen￿ts 2011, Chty iArA)yJfFts Rewmtsj Regulabwty 2(X)8 aTrJ ihè kYovo¥)ns of Y* deatt arKI 0818Ct￿ of￿￿j arxl olher Ir￿￿￿e5. **HOLY TRINITY ROMANIAN CHURCH** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024** ## **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 2024. ## **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 December 2024 **Wasiul Islam, FCCA** 107 Burdett Road, London. E3 4JN **HOLY TRINITY ROMANIAN CHURCH** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024** |**Income** **from:**
Donations and legacies
Other Income
**Total** **income**
**Expenditure** **on:**
Raising funds
Charitable activities
**Note**
3

**4**
**Total** **expenditure**
**Net** **movement** **in** **funds**
**Reconciliation** **of** **funds:**
Total funds brought forward
Net movement in funds
**Total** **funds** **carried** **forward**|**Unrestricted**
**funds**
**2024**
**£**
**716,406**
**_1,371_**
**717,777**
**110,898**
**372,847**
**483,745**
**234,032**
**853,763**
**234,032**
**1,087,795**|**Total**
**funds**
**2024**
**£**
**716,406**
**_1,371_**
**717,777**
**110,898**
**372,847**
**483,745**
**234,032**
**853,763**
**234,032**
**1,087,795**|_Total_
_funds_
_2023_
_£_
**545,469**
_527,887_
**72,060**
**_399,301_**
**471,361**
_74,108_
_779655_
_74,108_
**_853,763_**| |---|---|---|---| 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 SHEET**
**AS AT 31 MARCH 2023**
**Fixed assets**
Tangible assets
**Note**
**9**
**Current assets**
**Debtors**
**Cash at bank and in hand**
**10**
**2,573**
**311744**
**314317**
**Creditors: amounts falling due within one**
**year**
**11**
**(18,450)**
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more**
**than one year**
**12**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
**Unrestricted funds**
**Total funds**|**BALANCE SHEET**
**AS AT 31 MARCH 2023**
**Fixed assets**
Tangible assets
**Note**
**9**
**Current assets**
**Debtors**
**Cash at bank and in hand**
**10**
**2,573**
**311744**
**314317**
**Creditors: amounts falling due within one**
**year**
**11**
**(18,450)**
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more**
**than one year**
**12**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
**Unrestricted funds**
**Total funds**|**2024**
**£**
**791,928**
**791928**



**295867**
**1,087,795**
**1,087,795**
**1087795**
**1087795**|||**2023**
**£**
**782,134**
**782,134**
**71629**
**853,763**

**853763**
**853763**|**2023**
**£**
**782,134**
**782,134**
**71629**
**853,763**

**853763**
**853763**| |---|---|---|---|---|---|---| ||||
2573|||| ||||**87506**
**90079**
**_(18450_)**|||| |||||||| |||||||| |||||||| |||||||**853763**| **The financial statements were approved and authorised for issue by the Trustees on 27 December 2024 and signed on their behalf by:** **Aurel Ardelean** **HOLY TRINITY ROMANIAN CHURCH** ## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024** |**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|**2024**
**£**
**253,924**
**(29686)**
**(29686)**
**-**
**224,238**
**87,506**
**311,744**|_2023_
_£_
**150,964**
**(775,776)**
**(775776)**
**487**
**(624,325)**
**(624,325)**| |---|---|---| 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. **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **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 2024** ## **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** |Donations
Other
Income
Donations|**Unrestricted**
**funds**
**2024**
**£**
716,406
~~1,371~~
717,777
_Unrestricted_
_funds_
_2023_
_£_
545,469|**Total**
**funds**
**2024**
**£**
**716,406**
~~**1371**~~
**717,777**
_Total_
_funds_
_2023_
_£_
**545,469**| |---|---|---| ~~Page 11~~ **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **4. Expenditure on raising funds** **Costs of raising voluntary income** |Wages and salaries
Wages and salaries
_Total2024_|**Unrestricted**
**funds**
**2024**
**£**
110,898
_Unrestricted_
_funds_
_2023_
_£_
72,060
72,060|



| |---|---|---| |||



| |||| ## **5. Analysis of expenditure by activities** |Church activities
Overseas missions
**Total** **2024**|**Activities**
**undertaken**
**directly**
**2024**
**£**
291,342
17,218
274,124|**Support**
**costs**
**2024**
**£**

81,505
81,505|**Total**
**funds**
**2024**
**£**
**372,847**
**17,218**| |---|---|---|---| ||||**355,629**| Page 12 **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **5. Analysis of expenditure by activities (continued)** |Church activities
Overseas missions
_Total_ _2023_
**Analysis** **of** **direct** **costs**
Depreciation
Donations
Welfare expenses - Social
Rent & Hall hire
Repairs and maintenance
Hospitality & protocol
Overseas missions Youth
and Sunday school
Equipment hire
Books, Cds etc
Church and ministry expenses
HP interest
Gain/loss on disposal of
tangible assets|_Activities_
_undertaken_
_directly_
_2023_
_£_
295,543
42,928
_338,471_|_Support_
_costs_
_2023_
_£_

60,830
-
_60,830_
**Total**
**funds**
**2024**
**£**
**15,528**
**42,648**
**16,79**
**90,645**
**30,827**
**29,325**
17,218
7,712
**-**
**-**
51,002
**394**
_4,364_
**291,342**| |---|---|---| **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **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**
**2024**
**£**
**3,936**
-
**19,120**
**25,721**
**4,773**
**3,182**
**7,030**
**12,009**
**5,734**
**81,505**|_Total_
_funds_
_2023_
_£_
**-**
-
**33,451**
**15,769**
**2,070**
**1,355**
**1,870**
**2,998**
**3,317**
**60,830**| |---|---|---| ## **6. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £1,200 _(2023 - £2,500)_ , and other accountancy related services of £1800 ( _2023_ - _£600_ ). ## **7. Staff costs** |Wages and salaries|**2024**
**£**
**110,898**
**110,898**|_2023_
_£_
72,060
72,060| |---|---|---| The average number of persons employed by the Charity during the year was as follows: ||**2024**|_2023_| |---|---|---| ||**No.**|_No._| |Staff|**2**|_2_| Page 14 **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **8. Trustees' remuneration and expenses** _-_ During the year, no Trustees received any remuneration or other benefits _(2023 £NIL)_ During the year ended 31 March 2024, no Trustee expenses have been incurred _(2023 - £NIL)_ . ## **9. Tangible fixed assets** |**Cost** **or** **valuation**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net** **book** **value**
At 31 March 2024
_At_ _31_ _March_ _2023_
**10.**
**Debtors**
**Due** **within** **one** **year**
Other debtors|**Freehold**
**property**
**£**
**711,131**
711,131
**-**
**-**
**-**
**711,131**
**711,131**|**Plant** **and**
**machinery**
**£**
**218,715**
**18,686**
**237401**
**158,076**
**12,128**
**170,274**
**67,197**
_60,639_||**Motor**
**vehicles**
**£**
**23,940**
**6636**
**30576**
**13576**
**3,400**
**16,976**
**13,600**
_10,364_
**2023**
**£**
**2,573**
**2,573**|**Total**
**£**
**953,786**
**25,322**
**979,108**
**171652**
**15,528**
**187,180**
**791,928**
_782,134_
_2022_
_£_
2,573
2573| |---|---|---|---|---|---| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| 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|**2024**
**£**
**-**
**487**
**15,463**
**2,500**
**18,450**|_2023_
_£_
_-_
_487_
_15,463_
_2,500_
_18,450_| |---|---|---| ## **12. Creditors: Amounts falling due after more than one year** **2024** _2023_ **£** _£_ Net obligations under finance lease and hire purchase contracts **-** _-487_ ## **13. Financial instruments** |**Financial** **assets**
Cash and cash equivalents
Debt due within one year
|**2024**
**£**
**311,744**
-487
311257|_2023_
_£_
_87,506_
-487
87019| |---|---|---| Financial assets measured at fair value through income and expenditure comprise debtors and cash at bank. 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** |Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Unrestricted**
**funds**
**2024**
**£**
791928
314317
(18,450)
1087795|**Total**
**funds**
**2024**
**£**
**791928**
**314317**
**(18,450)**
**1087795**| |---|---|---| ## **Total** ## **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**|**2024**
**£**
**234,032**
**15528**
**-**
**249560**|_2023_
_£_
_74,108_
_61,466_
_2366_
_137940_| |---|---|---| ## **17. Analysis of cash and cash equivalents** |Cash in hand
**Total** **cash** **and** **cash** **equivalents**|**2024**
**£**
**311,744**
**311,744**|_2023_
_£_
_87506_
_87506_| |---|---|---| Page 17 **HOLY TRINITY ROMANIAN CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **18. Analysis of changes in net debt** **----- Start of picture text -----**
At 1 April At 31 March
2023 Cash flows 2024
£ £
£
Cash at bank and in hand 87,506 224238 311,744
Debt due within one year (487) (487)
87,019 224,238 311,257
**----- End of picture text -----**
## **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 2024. Page 18