Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ members of
Charity Name Romanian Orthodox Church for Nottingham & East Midlands (ROCNE)
On accounts for the year 31/07/2023 Charity no CEO13187 ended (if any) Set out on pages (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:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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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.
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Date: 12/05/2024
Signed:
Name: Ionela Alexii
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Oct 2018
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IER
20 Nowell Close Radcliffe on Trent NG12 1FE
Address:
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
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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 2023
Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Contents of the Report and Accounts For the year ended 31st July 2023
| 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
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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 2023
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 £119,960 (2022 - £114,266), with total resources expended of £77,528 (2022 - £74,518), resulting in net incoming resources of £42,432 (2022 - £39,748).
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 12th May 2024
……………………………………………..
Mr Liviu Pop Chair of Trustees
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Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Statement of Financial Activities (Including Income and Expenditure Account) For the year ended 31st July 2023
| Incoming Resources: Regular Donations One-Off Donations Cash Donations SUMUP Donations Employment Allowance Gift Aid 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 2023 2022 £ £ 38,540 37,171 7,557 23,160 6,554 16,313 59,417 35,207 2,514 2,415 5,378 - 119,960 114,266 77,528 74,518 77,528 74,518 42,432 39,748 237,641 197,893 280,073 237,641 |
|---|---|
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Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Balance Sheet at 31st July 2023
| Fixed Assets Property Furniture and fixtures Current assets Cash at bank and in hand Net current assets Current Liabilities PAYE Pension Mortgage Total Assets Less Current Liabilities: Unrestricted Funds General funds Total Funds |
2023 £ 251,643 - 251,643 90,238 90,238 341,881 360 429 61,019 61,808 280,073 280,073 280,073 |
2022 £ 251,643 213 251,856 66,708 66,708 318,564 662 1,191 79,070 80,923 237,641 237,641 237,641 |
|---|---|---|
For the year ending 31st July 2023 the company was entitled to exemption from audit under section 477 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 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
The financial statements have been prepared in accordance with the provisions of Part 15 of the
Approved by the Board on 12th May 2024 and signed on its behalf by:
……………………………………
Mr Liviu Pop Chair of Trustees
Romanian Orthodox Church for Nottingham & East Midlands (ROCNE)
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Notes to the accounts For the year ended 31st July 2023
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 2022 Additions At 31 July 2023 Depreciation At 1 August 2022 Charge for year At 31 July 2023 Net Book Value At 31 July 2022 At 31 July 2023 |
Property Furniture and fixtures £ £ 251,643 9,015 - - 251,643 9,015 - 8,802 - 213 - 9,015 251,643 213 251,643 - |
Totals 260,658 - 260,658 8,802 213 9,015 251,856 251,643 |
|---|---|---|
Romanian Orthodox Church for Nottingham & East Midlands (ROCNE) Schedule to the Profit and Loss Account For the year ended 31st July 2023
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| Income (see Note 1) Regular Donations One-Off Donations Cash Donations SUMUP Donations Employment Allowance Gift Aid Cost of Sales (see Note 2) Administrative expenses: Wages Employer NI Employer Pension Contributions Interest on Mortgage Travel Costs Hotel Costs Donations Advertising Utilities PC Expenditure Legal Costs Postage and Stationery Repairs and Renewals Insurance Expenses Mass Depreciation Total Administrative expenses |
2023 £ 38,540 7,557 6,554 59,417 2,514 5,378 119,960 3,842 26,917 2,514 620 4,065 5,784 - 1,181 4,400 14,775 1,454 104 30 10,092 1,186 350 213 73,685 |
2022 37,171 23,160 16,313 35,207 2,415 - 114,266 4,913 25,917 2,415 590 5,397 458 707 500 330 6,140 1,317 81 8,276 2,097 6,000 1,803 62,028 |
|---|---|---|
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.
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