**Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
|**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**|Charity Name
Romanian Orthodox Church for Nottingham & East Midlands (ROCNE)|Charity Name
Romanian Orthodox Church for Nottingham & East Midlands (ROCNE)|Charity Name
Romanian Orthodox Church for Nottingham & East Midlands (ROCNE)|
|---|---|---|---|
|||||
||31/07/2021|**Charity no**
**(if any)**|CEO13187|
|||||
||(remember to include the page numbers of additional sheets)|||
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/07/2020. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
**Independent** I have completed my examination. My examination included a review of the **examiner's statement** accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities 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.
**Signed:** I Alexii **Date:** 31/05/2022 **Name:** Ionela Alexii **Address:** 11 Brodwell Grove, Nottingham, NG3 3BB
**Address:** 11 Brodwell Grove
**Oct 2018**
1
**IER**
Nottingham
NG3 3BB
IER
Oct 2018
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
**Oct 2018**
3
**IER**
**Company Registration Number: CEO13187 Registered Charity Number: 1177060**
**Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Report and Accounts**
**For the year ended 31st July 2021**
## **Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Contents of the Report and Accounts For the year ended 31st July 2021**
||**Page**|
|---|---|
|Reference and Administrative Information|1|
|Statement of Trustees' Responsibilities|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the Accounts|5|
|Detailed Profit and Loss Account|6|
## **Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Reference and Administrative Information**
## **Company Registration Number**
CEO13187
## **Registered Charity Number**
1177060
## **Chair of Trustees**
Mr Liviu Pop
## **Trustees**
Dr Ovidiu Bagdasar Mr Catalin Constantin Floristeanu Miss Camelia Ilie Mr Alin Petrescu Mr Liviu Pop
## **Registered Office and Operation Address**
15 Inham Circus, Beeston, Nottingham, NG9 4FN
## **Bankers**
National Westminster Bank Plc, University of Nottingham, NG7 2RD
1
## **Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Statement of Trustees' Responsibilities**
The trustees have pleasure in presenting their report and accounts for the year ended 31st July 2021
## **Structure, governance and management**
The organisation is a charitable company limited by guarantee, incorporated and registered as a charity on 8th February 2018.
The company was established under a Memorandum of Association which established the objects and powers of the charity and is governed under its Articles of Association.
The chair of trustees, who is the trustee for the purpose of charity law, who served during the year and up to the date of this report is set out on page 1.
## **Objects**
The objects of the charity are:
to provide financial support and governance to maintain a Romanian Orthodox church parish in Nottingham/East Midlands for use by public of the region and elsewhere. This include provision of a place of worship in Nottingham for the Orthodox church community.
## **Financial review**
Total incoming resources for the year amounted to £106,097 (2020 - £45,010), with total resources expended of £53,529 (2020 - £24,714), resulting in net incoming resources of £52,568 (2020 - £20,296).
This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (FRS 102), taking advantage of the concessions provided by the SORP for smaller charities, and in accordance with the provisions for small companies under Part 15 of the Companies Act 2006.
The report was approved by the board on 31st May 2022
…………………………………………….. Mr Liviu Pop Chair of Trustees
2
## **Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Statement of Financial Activities (Including Income and Expenditure Account) For the year ended 31st July 2021**
|**Incoming Resources**:
Regular Donations
One-Off Donations
Cash Donations
Cash Donations Spent
Employment Allowance
CJRS Grant
**Resources Expended**
Cost of generating funds
**Net Incoming Resources - Net Income for the Year**
**Total Funds at 1st August**
**Total Funds at 31st July**|**Unrestricted**
**Unrestricted**
**Funds**
**Funds**
**2021**
**2020**
**£**
**£**
39,721
26,297
26,990
5,687
26,546
11,226
-
200
2,049
-
10,791
1,600
106,097
45,010
(53,529)
(24,714)
(53,529)
(24,714)
52,568
20,296
145,325
125,029
197,893
145,325|
|---|---|
3
## **Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Balance Sheet at 31st July 2021**
|**Fixed Assets**
Property
Furniture and fixtures
**Current assets**
Prepayments (Note 4)
Loan Mrs Ioana Bratu (Note 5)
Cash at bank and in hand
**Net current assets**
**Current Liabilities**
PAYE
**Pension**
Mortgage Interest
Mortgage
**Total Assets Less Current Liabilities:**
**Unrestricted Funds**
General funds
**Total Funds**|**2021**
**£**
251,643
2,016
253,659
-
-
54,335
54,335
307,994
1,316
813
107,972
110,101
197,893
197,893
197,893|**2020**
**£**
251,643
3,819|
|---|---|---|
|||255,462
66
3,500
23,886|
|||27,452|
|||282,914
400
685
136,504|
|||137,589|
|||145,325|
|||145,325|
|||145,325|
For the year ending 31st July 2021 the company was entitled to exemption from audit under section 477 of The members have not required the company to obtain an audit in accordance with section 476 of the
The trustees acknowledge their responsibilities for:
a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of b) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
The financial statements have been prepared in accordance with the provisions of Part 15 of the
Approved by the Board on 31st May 2022 and signed on its behalf by:
…………………………………… **Mr Liviu Pop**
4
**Chair of Trustees**
## **Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Notes to the accounts**
## **For the year ended 31st July 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of accounting**
The accounts have been prepared under the historical cost convention and in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006 and follow the recommendations in _Accounting and Reporting by Charities : Statement of Recommended Practice_ (SORP FRS 102), taking advantage of the concessions provided by the SORP for smaller charities.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities when the charity becomes entitled to the resources, the trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability.
## **Expenditure and liabilities**
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
## **Fund accounting**
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets this criteria is charged to the fund.
## **Costs of generating funds**
Costs of generating funds are those costs incurred in attracting voluntary income, or incurred in trading activities undertaken to raise funds.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Furniture and fixtures - 20% straight line Property - N/A
|**Cost**
At 1 August 2020
Additions
At 31 July 2020
**Depreciation**
At 1 August 2019
Charge for year
At 31 July 2020
**Net Book Value**
At 31 July 2019
At 31 July 2020|**Property**
**Furniture**
**and fixtures**
**£**
**£**
251,643
9,015
-
251,643
9,015
-
5,196
-
1,803
-
6,999
251,643
3,819
251,643
2,016|**Totals**
260,658
-|
|---|---|---|
|||260,658|
|||5,196
1,803|
|||6,999|
|||255,462|
|||253,659|
5
## **Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Schedule to the Profit and Loss Account**
## **For the year ended 31st July 2021**
|**Income (see Note 1)**
Regular Donations
One-Off Donations
Cash Donations
Cash Donations Spent
Employment Allowance
CJRS Grant
**Cost of Sales (see Note 2)**
**Administrative expenses:**
Wages
Employer NI
Emloyer Pension Contributions
Travel Costs
Interest on Mortgage
Legal Fees
Utilities
Donations
Advertising
PC Expenditure
Postage and Stationery
Repairs and Renewals
Insurance
Bank Charges
Depreciation
**Total Administrative expenses**|**2021**
**£**
39,721
26,990
26,546
-
2,049
10,791
106,097
4,913
21,853
2,049
469
30
7,416
-
5,613
1,000
770
1,249
146
5,077
1,141
-
1,803
48,616|**2020**
26,297
5,687
11,226
200
-
1,600|
|---|---|---|
|||45,010|
|||1,216|
|||6,000
-
-
45
4,951
2,808
2,407
-
-
-
4,069
1,140
275
1,803|
|||23,498|
**Note 1** : Most of the cash donations are banked within a week from receipt. However, cash donations are used to pay most of the expenses incurred by the church.
**Note 2:** Cost of sales are made of consumables which are used in the church by the prayers. Each prayer makes a small donation in exchange of this.
6