**Company registration number: CE007832**
**HOLY TRINITY ROMANIAN CHURCH Trading as HOLY TRINITY ROMANIAN CHURCH**
**Unaudited financial statements**
**31 March 2025**
**HOLY TRINITY ROMANIAN CHURCH**
## **Contents**
||**Page**|
|---|---|
|Directors and other information|**1**|
|Strategic report|**2**|
|Directors report|**3**|
|Statement of comprehensive income|**4**|
|Statement of financial position|**5 - 6**|
|Statement of changes in equity|**7**|
|Statement of cash flows|**8**|
|Notes to the financial statements|**9 - 14**|
## **HOLY TRINITY ROMANIAN CHURCH**
## **Directors and other information**
**Directors** MR AUREL ARDELEAN MS IULIA DANIELA RUS MR BOGDAN CNIS MR MARIAN DANUT BULIGA Mr DANIEL BUCUR **Company number** CE007832 **Registered office** 45 Barmouth Avenue Perivale Greenford UB6 8JS **Accountants** Acumen London 107 Burdett Road London E3 4JN **Bankers** BARCLAYS BANK UK
**Page 1**
## **HOLY TRINITY ROMANIAN CHURCH**
## **Strategic report Year ended 31 March 2025**
This report was approved by the board of directors on 4 September 2025 and signed on behalf of the board by:
MR AUREL ARDELEAN Director
**Page 2**
## **HOLY TRINITY ROMANIAN CHURCH**
## **Directors report Year ended 31 March 2025**
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025.
## **Directors**
The directors who served the company during the year were as follows:
MR AUREL ARDELEAN MS IULIA DANIELA RUS MR BOGDAN CNIS MR MARIAN DANUT BULIGA Mr DANIEL BUCUR
## **Dividends**
The directors do not recommend the payment of a dividend.
## **Political donations and expenditure**
This report was approved by the board of directors on 4 September 2025 and signed on behalf of the board by:
MR AUREL ARDELEAN Director
**Page 3**
## **HOLY TRINITY ROMANIAN CHURCH**
## **Statement of comprehensive income Year ended 31 March 2025**
|||**2025**||2024|||
|---|---|---|---|---|---|---|
||**Note**|**£**||£|||
|**Turnover**|**4**|760,458||717,777|||
|Other external charges||(144,297|)|(49,208||)|
|Staff costs|**6**|)
(91,087||)
(110,898|||
|Depreciation and other amounts written off tangible and intangible fixed assets|||||||
|||)
(17,162||(15,528|)||
|Other operating expenses||(358,698|)|(307,717||)|
|**Operating profit**|**5**|149,214||234,426|||
|Interest payable and similar expenses|**7**|-||)
(394|||
|**Profit before taxation**||149,214||234,032|||
|Tax on profit||-||-|||
|**Profit for the financial year and total**|||||||
|**comprehensive income**||149,214||234,032|||
All the activities of the company are from continuing operations.
**The notes on pages 9 to 14 form part of these financial statements.**
**Page 4**
## **HOLY TRINITY ROMANIAN CHURCH**
**Statement of financial position 31 March 2025**
|**Note**
**Fixed assets**
Tangible assets
**9**
**Current assets**
Debtors
**10**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
**11**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Capital and reserves**
Profit and loss account
**Shareholders funds**|**2025**
**£**
**£**
781,780
781,780
2,573
468,106
470,679
)
(15,450
455,229
1,237,009
1,237,009
1,237,009
1,237,009|2024
£
£
791,928
791,928
2,573
311,744
314,317
)
(18,450
295,867
1,087,795
1,087,795
1,087,795
1,087,795|£
791,928
295,867|
|---|---|---|---|
For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
**The notes on pages 9 to 14 form part of these financial statements.**
**Page 5**
## **HOLY TRINITY ROMANIAN CHURCH**
## **Statement of financial position (continued) 31 March 2025**
These financial statements were approved by the board of directors and authorised for issue on 4 September 2025, and are signed on behalf of the board by:
MR AUREL ARDELEAN Director
Company registration number: CE007832
**The notes on pages 9 to 14 form part of these financial statements.**
**Page 6**
## **HOLY TRINITY ROMANIAN CHURCH**
## **Statement of changes in equity Year ended 31 March 2025**
||Profit and|**Total**|
|---|---|---|
||loss||
||account||
||£|**£**|
|**At 1 April 2023**|853,763|853,763|
|Profit for the year|234,032|234,032|
|**Total comprehensive income for the year**|234,032|234,032|
|**At 31 March 2024 and 1 April 2024**|1,087,795|1,087,795|
|Profit for the year|149,214|149,214|
|**Total comprehensive income for the year**|149,214|149,214|
|**At 31 March 2025**|1,237,009|1,237,009|
**Page 7**
## **HOLY TRINITY ROMANIAN CHURCH**
## **Statement of cash flows Year ended 31 March 2025**
|**Cash flows from operating activities**
Profit for the financial year
_Adjustments for:_
Depreciation of tangible assets
Interest payable and similar expenses
Gain/(loss) on disposal of tangible assets
_Changes in:_
Trade and other creditors
Cash generated from operations
Interest paid
Net cash from operating activities
**Cash flows from investing activities**
Purchase of tangible assets
Proceeds from sale of tangible assets
Net cash used in investing activities
**Net increase/(decrease) in cash and cash equivalents**
**Cash and cash equivalents at beginning of year**
**Cash and cash equivalents at end of year**|**2025**
**£**
149,214
17,162
-
-
)
(3,000
163,376
-
163,376
)
(7,014
-
)
(7,014
156,362
311,744
468,106|2024
£
234,032
15,528
394
4,364
-
254,318
)
(394
253,924
)
(35,686
6,000
)
(29,686
224,238
87,506
311,744|
|---|---|---|
**Page 8**
## **HOLY TRINITY ROMANIAN CHURCH**
## **Notes to the financial statements Year ended 31 March 2025**
## **1. General information**
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 45 Barmouth Avenue, Perivale, Greenford, UB6 8JS.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Turnover**
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
## **Taxation**
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
**Page 9**
## **HOLY TRINITY ROMANIAN CHURCH**
## **Notes to the financial statements (continued) Year ended 31 March 2025**
## **Tangible assets**
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20% straight line Motor vehicles - 20% straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
## **Impairment**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
## **Hire purchase and finance leases**
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
**Page 10**
## **HOLY TRINITY ROMANIAN CHURCH**
## **Notes to the financial statements (continued) Year ended 31 March 2025**
## **Financial instruments**
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## **4. Turnover**
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
## **5. Operating profit**
Operating profit is stated after charging/(crediting):
|Operating profit is stated after charging/(crediting):|||
|---|---|---|
||**2025**|2024|
||**£**|£|
|Depreciation of tangible assets|17,162|15,528|
|(Gain)/loss on disposal of tangible assets|-|4,364|
**Page 11**
## **HOLY TRINITY ROMANIAN CHURCH**
## **Notes to the financial statements (continued) Year ended 31 March 2025**
## **6. Staff costs**
The average number of persons employed by the company during the year, including the directors, amounted to:
|Administrative staff
The aggregate payroll costs incurred during the year were:
Wages and salaries
Social security costs
**7.**
**Interest payable and similar expenses**
Other loans made to the company:
Finance leases and hire purchase contracts|**2025**
-
**2025**
**£**
65,228
25,859
91,087
**2025**
**£**
-
-|2024
2|
|---|---|---|
|||2024
£
77,378
33,520|
|||110,898|
|||2024
£
394|
|||394|
## **8. Earnings per share**
**Basic earnings/(loss) per share**
The earnings/(loss) and weighted average number of shares used in the calculation of basic earnings/(loss) per share are as follows:
|Profit for the year attributable to the owners of the company
**Diluted earnings/(loss) per share**|**2025**
**£**
149,214|2024
£
234,032|
|---|---|---|
||||
The earnings/(loss) and weighted average number of shares used in the calculation of diluted earnings/(loss) per share are as follows:
||**2025**|2024|
|---|---|---|
||**£**|£|
|Earnings/(loss) used in calculation of basic earnings/(loss) per share|149,214|234,032|
**Page 12**
## **HOLY TRINITY ROMANIAN CHURCH**
## **Notes to the financial statements (continued) Year ended 31 March 2025**
|**9.**
**Tangible assets**
Freehold
property
Plant and
machinery
Fixtures,
fittings and
equipment
£
£
£
**Cost**
At 1 April 2024
711,131
218,715
18,686
Additions
-
-
7,014
**At 31 March 2025**
711,131
218,715
25,700
**Depreciation**
At 1 April 2024
-
170,204
-
Charge for the year
-
9,702
4,740
**At 31 March 2025**
-
179,906
4,740
**Carrying amount**
**At 31 March 2025**
711,131
38,809
20,960
At 31 March 2024
711,131
48,511
18,686
**10.**
**Debtors**
Other debtors
**11.**
**Creditors: amounts falling due within one year**
Accruals and deferred income
Obligations under finance leases
Other creditors
**12.**
**Obligations under finance leases**|Motor
vehicles
£
30,576
-
30,576
16,976
2,720
19,696
10,880
13,600
**2025**
**£**
2,573
**2025**
**£**
2,500
487
12,463
15,450|**Total**
**£**
979,108
7,014|
|---|---|---|
|||986,122|
|||187,180
17,162|
|||204,342|
|||781,780|
|||791,928|
|||2024
£
2,573
2024
£
2,500
487
15,463|
|||18,450|
||||
**Page 13**
## **HOLY TRINITY ROMANIAN CHURCH**
## **Notes to the financial statements (continued) Year ended 31 March 2025**
## **13. Analysis of changes in net debt**
||At 1 April||Cash flows At 31 March|Cash flows At 31 March|
|---|---|---|---|---|
||2024|||2025|
||**£**||**£**|**£**|
|Cash and cash equivalents|311,744||156,362|468,106|
|Debt due within one year|(487|)|-|)
(487|
||311,257||156,362|467,619|
**Page 14**
## **HOLY TRINITY ROMANIAN CHURCH**
**The following pages do not form part of the statutory accounts.**
## **HOLY TRINITY ROMANIAN CHURCH**
## **Detailed income statement Year ended 31 March 2025**
||**2025**|2024|
|---|---|---|
||**£**|£|
|**Turnover**|||
|Donations and legacies|724,989|716,406|
|Other income|35,469|1,371|
||760,458|717,777|
|**Cost of sales**|||
|Church and ministry expenses|)
(144,297|)
(49,208|
||)
(144,297|)
(49,208|
|**Gross profit**|616,161|668,569|
|**Gross profit percentage**|%
81.0|%
93.1|
|**Overheads**|||
|**Administrative expenses**|||
|Wages and salaries|)
(65,228|)
(77,378|
|Employer's social security contributions|)
(25,859|)
(33,520|
|Staff training|-|)
(1,794|
|Overseas missions|)
(36,727|)
(17,218|
|Rent payable|)
(80,361|)
(83,545|
|Rates|)
(2,030|)
(7,100|
|Insurance|)
(3,656|)
(5,734|
|Repairs and maintenance|)
(59,633|)
(30,827|
|Printing, postage and stationery|)
(8,399|)
(4,772|
|Telephone|)
(1,190|)
(1,637|
|Computer costs|)
(12,045|)
(10,372|
|Motor expenses|)
(17,786|)
(19,120|
|Travelling and entertainment|)
(23,267|)
(25,721|
|Hospitality & protocol|)
(1,191|)
(29,325|
|Accountancy fees|)
(8,100|)
(7,030|
|Bank charges|)
(912|)
(3,182|
|General expenses|-|)
(1|
|Charitable donations - type 1|)
(56,192|)
(42,648|
|Welfare expenses-Social|)
(2,988|)
(1,679|
|Youth and Sunday school|)
(40,453|)
(7,712|
|Subscriptions|)
(3,768|)
(3,936|
|Depreciation of tangible assets|)
(17,162|)
(15,528|
|Gain/loss on disposal of tangible assets|-|)
(4,364|
||)
(466,947|)
(434,143|
|**Operating profit**|149,214|234,426|
|**Operating profit percentage**|%
19.6|%
32.7|
## **HOLY TRINITY ROMANIAN CHURCH**
## **Detailed income statement (continued) Year ended 31 March 2025**
|Interest payable and similar expenses
**Profit before taxation**|**2025**
**£**
-
149,214|2024
£
)
(394
234,032|
|---|---|---|