MANIAN RTH Charity Reglstratlon Number: 1189599 Registered Address: 250 aapham Road, London, SW9 OPZ TRusfEES Rev. Silviu-Petre Pufulete Rev, Constantin Popescu<irstucescu Luminita-Elena Procopie Marius Draghio Cristian-Gheorghe Chelcea Corina Dascalu (re&gned on 18 May 2021) BANKERS CAF Bank 25 Kings Hill Avenue, Ken¢ ME19 4JQ INDEPENDENT EXAMINER Alain Dastros, Severin nan Ltd, Lorthi.
AN RT FTHE STRucfuRE, GOVERNANCE AND MANAGEMErir Romanian OrtrKxlox Church & Centre converted from an unincorporated trt fthe Trust) (charity reg no 11115C6) to a Charttable Incorporated Organisation fthe CIO) (charity reg no 1189599), which was registered with the Chajity Commission on 21 May 2020. On 14th December 2020, the trustees of the Trnt approved its dosure and the transfer of assets, liabilities, and undertaknngs to the CIO effecb've from 15th of December Yhe Transfer lte". The trustees of the CIO subsequenuy approved the transfer from the Trus¢ with approval from the Charity Commission being received on 24 February 2021, at which point the Trust was removed from the Register. The CIO is govemed by its Cornitution dated 21 May 2020. The fi charity trustees of the CIO are as follows and aprM)inted for followiNJ tems: Rev. SIlU Petre PLrfulete for 3 years Rev. Constantin Popescu-cirstucescu for 3 years Luminita-Elena Procopie for 3 years Marius Drdghici for 3 years Corina Dascalu for 3 years Gheorghe Cristian Chelcea for 3 years Trustees have the power to appoint new members onto the PJard, each serving a rolling 3-year term and may be re-eletted. Appointments are ratified in accordarKe with the CIO'S constitub'on. New Trustees are selected for their general and SFecialist eXpeen and receive appropriate advi and documentstion. The Charity s attivrties are directed at regular meetirMJs of the Tnjstees. The trustees have no beneficial interest in the charity and rnne received any remunerati durlng the period. The Trust no office premises or support staff. The Twstees (k) any necessary work at their own office premises and hold formal meeb'ngs at convenient locations. The Tr$ only address is 250 Clapham Road, London, SW9 OPZ. PUBLIC BENEFIT sfATEMEKr The Trustees confim that tty have complied with the duty set out under section 17 of the Charibes Act 2011 to have due regard to the Charity Commission's guidan on public IEnefit 'Charities and Public Benefiy in developing the obiecbves for the year and in planning attivib'e&
RT FTHETR R THE YEAR ENDED APRIL 2 21 OBJECTIVES AND ACTIvrrIES The Romanian Orthodox Church & Centre was established by a charitsble trust deed on 21" May 2020 and became a gIStered charity in May 2020. The charitable trusys objects are: To athance the Romanian Orthodox faith for the benefrt of the public by the provision of a Romanian Orthodox (])urch and Community Centre in the United ngdOM. To advance the Romanian Orthodox faith through the prowsion of educational, arts, and cultural attivities at Church and Community Centre. To build or otherwise acquire and maintsin a Romanian (Jurch and related community centre; To advance the Christian religion and in partioJl& to asgst the Wrk of the Romanian orthodox Church in the Unrted KInM through its own activity indud1r but not limited to holdirMJ religious services and public bratiOnS of rel)0 events. ACHIEVEMENfs AND PERFORMANCE The ROCC trustees Vre foCd on gTrJualty uThJertaking all operational actiwtles for St George Parish, including the rent at the new location at St Mary le Strand Church, supportrng the Parochial School, purchasing insurances, and all necessary church items. Despite the unprecedented times caused by the COVID-19 pandefflic, Rc still managed to Secu its funding attivities through constant donab'ons - this is reflected in the increased number of (S)nations that R(c has received to the year ending 5 April 2021. In May 2020 a new charitsble incorwrated entity (RC£C CIO) was fOrnd (registered number 1189599) with the same aims and obiecbves as Rc TrusL The ROCC Trust activities were transferred to the ROCC-CIO. All necessary fomialitres related to the incorwration of the new CIO, transfer of assets, activities, and operations to the new CIO have completed with appropriate qualffied extemal legal supporL A professional Project Plan fc our futu church has also been drafted.
RT FTHETR R THE YEAR ENDED APRIL 21 The charity's finances are overseen by the PA)ard of Trustees. The attached Statement of Finanaal Activities is self-explanatory havitNJ regard to the simplicity of the transattions during the year. The Trustees confirm that the Accounts comply with current statutory requirements and with the requirements of the Trust Consbtution. The principal financial poliaes for the present and for the foreseeable future are those cf maintaining funds for the purchase of a Church or land to build a Churth and a Community Centre to pursue the charity objecknves. Totsl incoming resources amounted to £137,598 (2020: £138,775) arKI total resources expended amounted to £47,603 (2020: £9,363). The irrflow of funds for the year amounted to £89,995 (2020: £129,412). The total unrestricted r*rves at year eTrl amounted to £124,616 (2020: £66,171). COYID-19 COVID 19 has had a direct negative impact on the charivs attivitses. From March 2020 St Mary le Strand premises were closed and thurch Servi and Parochial Schcrf)l activits'es have been moved online. The charity suffered the loss on IrMe on charitable activities and church donations but those have been replaced by the increased number of online donab"or6. However, when COVID restrittions were in place, the Parish organized its liturgical activiti'es into twlmIng sessions, thus allowing all parishioner5 to attend the sen4ice, whilst obseNiThJ the governffent guideli on s(Kial distanciThJ, etc. Pleasantly surprigng, in the context of the current parKlemic situation, it has been noted a stronger sense of belonging aTKI support towards our Parith from many Romanians around London. GOING CONCERN The Trustees are confident that the charity can continue as a going conrn for a period of at least twelve months from the date of approval of these finanoal statements. The Trust also have reasonable expectab'on that the charity will have adequate resour to continue its operab'ons and acbvities for the foreseeable future. TAXATION As the ROCC-CIO is a chaiity, it is recrNJnized as sud) by HMRC for taxatbon purposes. As a resul¢ there is no liability to taxab'on on any of its income or profit.
YEAR ENDED APRI 21 ED RISK POUCY The Trustees have considered the major risks to which the charity is eX[d a1 are satisfi8J that procedures are in place to mib'gate those risks. FUNDRAISING POUCY The charity does not use fundraising SerVs, consultants, or extemal professional fundraisers to undertake its fundratsiThJ activities. Additionally, no dats is shared with or scdd to any extemal agencies. PLANS FOR THE FUTURE Organise rtingS with various IcKal &)rough Counals to explore the options for finding either a plot of land, a derelict building, or a fom)er thurch for the Fil Ctitor (Be a Fouler) Project. Continue to prowde operational supp)rt to Parish Parochial Schcrf)l.
MANIAN RTH NUED srATEMENf OF TRusfEES RESPONSIBILrrIES The trustees are responsible for preparirMJ the Rewrt of tr* Trustees and the financial statements In accordance with applicable law and United knng(k)m Accounb'ng StsThJarts (United Kingdom General Accepted Accounting practi), including Finanaal ReFQrtirwJ Standard 102 Tr Financial Re)rtIng Stsndard applicable in the UK and Republic of Ireland". Charity law requires the trustees to prepare fInala Staterrnts for each financlal year which give a true and fair view of the state of affairs of the ttkirity and of the incoming resources and application of resources, including the income and expenditure, crf charity for that perii)J. In preparing those financial statements, the trustees are required to: select suitable accounting policies and then apply them consistenty observe the meth¢Jts and principles in the Charity SORP make judgements and estimates that are reasonable and prudent prepare the financial statements on the goirvj cOnM basis unless it is inappropriate to pre9Jme that charity will continue in business. The trustees are responsible for keepiro accountitvJ recorts that are Sufficient to show and explain the charity's transactior6 and disclose with reasonable accurary at any time the financial posib'on of the charity and enable them to ensure that the financial statements comply with the Charities Att 2011 and regulations made thereunder. They are also respon9ble for safeguarding the assets of the charity and hence for takj'ng reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trL6tees are aware: there is m relevant infomation of which the chariVs irKlependent examinerfs are unaware; arKI the trLStees have tsken all steps that tfv ought to have tsken to make themselves aware of any relevant aLKIrt Information aKI to establish that ts alitorS are aware of that information. This report was agreed signed on behalf of the knrd of Tr$ on 24 Jan 2022 Chairman Reverend Constsntin Popescu
MA (incorpordting and income and expenditure account) Totsl 2020 Funds Funds 2021 INCOME FROM GrBnts Cht5 Charitsble tsY15 31370 32,370 105.209 19 66,510 72,265 105,209 19 TOTAL 138 775 EXPENDMIRE ON RAlTr] funds 46,783 47,603 TOTAL 820 Net Incr(eX¥WhlitUre) 58,445 31,550 89,935 129,412 Transfers between fiJThJs Net Movemert in Funds 58,445 31,550 89,995 129,412 Funds brwgtrrt forward at 6 April 2020 fA,171 561295 628,466 499,054 Funds Carrkd F(Thard at S Aprll 2021 124 616 All the charit¢s activitles derived from continuirMJ operatior6 during the alw two finanoal years. The comparative figures for 2020 and the current year figures up to February 2021 represent the Income and expenditure of the unincorwrated trust whose activities We trarerred to the CIO in 2021. See accounting policy l.
LANC HEEfAT APRIL 2 21 2021 2020 FIXED ASSErs Fixed Assets Investments 4,161 5,201 5,201 CURREKf ASSErs Cash at bank Debtors 734,375 618,994 626 610 CURRENT UABILrrIES Creditors all falling d within one year (20,075) 3,345 Net Current Assets 714,3(K) 623,265 NEf ASSErs REPRESEKfED BY Unrestrirted funds Restricted funds 124,616 593,845 66,171 562,295 TufAL FUNDS The accounts were appwJ by tr Trust C 24 Jan 2022 arKI 9gnl Its by:" Rev. Constsntin Popescu, ChaiMn Date 27 Jan 2022
AccouKfING POUCIES (a) Basls of Preparatlon of Accounts The Accounts comply with the StsterrEnt of Recommetthl practi che SOW and with applicable Accounting Standards. They he been prepared uThJer the historical cost convention and in accordan wth the FinarKial StsrKlard 102. The unitKorporated charitsble trLSt < no 11115[) was ItOr)rated as a CIO (reg no 1189599) in May 2020 and tcok over the assets and liabilities of the Trust in February 2021. In accordan with the Charities g)RP, merger accounting has been applied and these financial statements have been dravm up to Irlude the incOff and expenditure of the merger charib'es for the full year of merger together with the comparab.ve figures. The financial ststements are presented in pounts sterling. Judgements and key Sour of estimation urertaInty are detsiled in accounting poli where applicable. (b) Going Conrn The Trustees are confident that the charity can continue as a goiNJ cOnM for a period of at least twelve months from the date of approval of these financial ststements. The Trustees also have a reasonable expectsb.on that the chanty will have adequate resources to continue in operation for the foreseeable future. (c) Tanglble Flxed Assets and Deprnclatlon Tangible fixed assets are stated at cost less depreciation. Depreciats'on is provided on a straight- line basis as follows: Church items.. 20% on Cost (d) Income recognition All income is recognised one the charity has entitlement to the income, rt is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are recognised when the Tr has been notified in wribThJ of both the amount and settlement date. (e) Expenditure recognition abilities are rec(yJnized as expenditure as 9x)n as trere rs a legal or constructive obligation committing the charity to that expenditure, it is probable that 5etdement will be required atKI the amount of the obligation can be 3re0 reliably. All experKJiture is accounted for on an accwal basis (f) Funds The unr&ricted funds represent funds available for general charrtable purpose of the charity at the discretion of the trustees.
Restrirted funds are funts that are to be used in accordance with specific restrictions imposed by the donors which have been rais&J by the charity for partiojlar purposes. GRAKfs AND DONATIONS Total 2021 Totsl 2020 Grants tmitions 4,140 370 CHARrrABLE AcrIvrrIES 20 2020 par(h{al 001 Churth expenses 37,030 2,1 47,fA)3 9,363 2021 2020 LgJal costs Deprecvation 3,597 244 317 During ts year legal costs totsliNJ £9,289 were paid to: l. Hewitson LLP.. £2,100 - professional charges for applying for wistration as CIO. 2. VWV LLP: £7,189 - profesgonal charges for legal advi regarding the potential transfer of assets from RCTh to RC£C. There We rKJ Govemance costs in the current year (2020: NIL). FIXED ASSErs Churth Items 2020 At 6° Aprll 2020 A*Jitions At P April 2021 5.201 5,201 io
At 6th April 2020 At P April 2021 Net Book Value Aprtl 2021 12020 MANIAN RTHO DEBTORS 20 2020 7,616 7,616 CREDrroRS 20 2020 L8Jal costs Church rent 1,630 17.500 945 945 20,075 3,345 REsfRIcfED FUNDS Balan Incomlng Rexlurcos Transf Balance 61412020 Resources 51412021 Be a FourKkn (Fli Ckn) Parcthial Schx Church lten (Ic(ms) 5fl1,605 870 820 31370 591975 870 (820) 562,295 32,370 (820) 593,845 PRtOR YEAR Balance 61412019 Resourres Balance 51412020 Be a FwrKlw (Fri CtitrK) 61,551 493,054 560,605
Parc(hk?l hc Churth Items (ICC5) 4,140 820 (3,269) 870 820 6,510 (3,269) 499,51)4 562,295 Restricted funds present donatiors arKI grants restricted for u in particular areas of the Trusys wor MANIAN RTH UNRESTRICTED FUNDS Balan Incoming Resourru Trnnsth Balance 61412020 ResIrte$ 51412021 Geal fuTrJ E6,171 105.228 (46,783) 124,616 66,171 105,228 (46,783) 124,616 Balan Incomlng Resources Trnnsfexs 61412019 Resources Expended Balance 51412020 C1 fund 72.265 (6,0) (499,054) 66,171 493,504 72,265 (6,094) (499,054) 66,171 INDEPENDENf EXAMINATION Independent examination services were offered pro IM)no ty Severin Finan Ltd. TRusfEES REMUNERATION None of the Trustees (or any per9)ns connected with them) r1Ved any expenses or muneratim from the charitsble trust during year (2020: none). RELATED PARTIES There were rk) related party transKtions in the year (2020: none). OPERATING LEASES COMMrn4EKrs There were no operating lease commitments in the year. 12
MAN RTH IrKlependert examinerfs ry>Ort to the tnstees of the Romanian OrtIKKlox Church & I rekK)rt to the charity trustees on my examination of the accounts of the Romanian Orth¢xlox Church & Centre for the year ended 5 April 2021. Responslbilities and basis rf report As the charity trustees of the Tr you are respjnsible for the preparation of the accounts in accordan with ttE requirements of the Charities Att 2011 Cthe 2011 ACV). I report in respect of my examination of the accounts as required under section 145 of the 2011 Act 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. IrKlependent examlnerfs statement I have completed my examination. I confim that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respett: 1. accounting records were rnt kept in respect of the Trust as required by section 130 of 2. the accounts do not accord with those records; or 3. the accounts do not Comp with the applicable requirements conmIng the form and content of accounts set out in the Charib'es (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair vlew which is mt a matter considered as part of an indendent examination. I have no concems arKI have corr£ across tx) other matters in connection wth the examination to which attenb'on S)uld be drawn in this report in order to enable a proper understanding of the accounts to be readd. Alain Dastros CIMA Severin Finance Ltd 117 Piccadilly London WIJ 7JU Severfn Flnarte Ltd CIUA Membpr In pr*Jk¥ 2 DalmtyJth Slretl. L07. SWIH Rrytsi6rgA in Engl¥fid and Wales t4). 089)1829 UK VAT Re9. No 162 1W93 Date: ZJ i 2022 13