Chkn Reglstration Number: 1189599
ORTHO
CI
DED
VRIL 20

OMANIAN ORTHODOX
HURCH & CENTRE
Charity Reglstratlon Number. 1189599
Reglstered Address: 250 Clapham Road, London, SW9 OPZ
TRusfEES
Rev. Silviu Petre PuFUL￿E
Rev. Constantin POPESCU-cIRsru￿sCu
Luminita-Elena PROCOPIE
Marlus DF14GHICI
Gheorghe Cristian CHELCEA
Aurel-vasile ABRUDAN
BANKERS
CAF BANK
25 Klngs Hill Avenue,
Kings Hill, West Malling
Kent, ME19 4JQ
Wise
6th Floor, The Tea Bulldlng
56 Shoredich High Street
London, El 6JJ
Auditor
Brian Paul Limited
Chase Green House
159a Chase Side
Enfield
Middlesex
EN2 OPW

REPORT OF THE TRusfEES FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their report and the financial statements of the charity for the year ended 5 Aprll 2024.
The finanaal statements have been preparejj under the ac£ounkn'ng policies set in notes to the Kcounts and
comply wlth the Chartvs governing documen¢ the Charitie5 Att 2011 and Statement of Reccffimended Practi
(SORP)"Accountlng and Reportlng by cha￿tIes. (FRS 102) (Second Edltlon, effective l January 2019).
srRucfuRE, GOVERNANCE AND MANAGEMEiir
The Romanian Orthodox Churth & Centre (fom)edy registered Trust under charity no 1111506) 15 a Charitsbie
Incorporated Organisation (CIO) registered with the Charfty Commlssion on 21 May 2020, wlth charity reg
1189599.
On 14 December 2021, the tru5teas of the old Trust approved its dosure and the transfer of assets, liabilities,
and undertakiTrJs to the CIO effective from 15 December 2020, ￿he Transfer Date".
The tru5tee5 of the CIO subsequently approved the transfer from the Trust, wlth approval from the Charlty
Commisgon being received on 24 February 2021, at which pjint the Trust was removed from the Register.
The CIO Is governed by Its Constitutlon dated 21 May 2020.
The Tnjstees of the ao are as follows:
Fiev. Silviu Petre PUFULETE
Rev. Constantln POPESCU-CLRSTUCESCU
Luminita-Elena PROCOPIE
Marfus DRAGHICI
Gheorghe Cristian CHELCEA
Aurel-vasile ABRUDA
Tn&ees hwe the power to apFK)Int new rneMbe￿ onto the Board, each serving a rolllng 3-year terni and may
be re*lerted, Appointments are ratified In accordan￿ with the CIO'S constitution.
New Trustees are selected for their general and specialist experien￿ and recelve apwopriate advice and
d￿UMerta￿0n. Trustee engagement is an ot¥Jolng process. Trustees are encouraged to attend appropriate
extemal trainir#J events, which facilitate the understsnding of their role.
The Charltys actrltles are dlrected at regular meetlngs of the Tnjstees.
The trustees have no berEficlal Interest in the charity, and none ￿CeIved any remuner*ion durirKJ the peri(Nd.
The CIO has no offlce premlses or support staff. The Tnjstees do any necessary work at their own office
premises and hold formal meetings at convenlent lOca￿ons. The CIO'S registered addre￿ is 250 aapham Road,
London, SW9 OPL
PUBUC BENEFrr srATEMErir
The TNstees confirm that they have complied with the duty set out under section 17 of the Charities Att 2011 to
have due regard to the Charity Commission's guidan￿ on publlc benefit 'Charfcies and Public Benefiv in
devdoping the objeth'ves for the year and in planning artSwties.
OBJEcfIvES AND AcfiviTIES
The Romanlan Orthodox Church & Centre (ROCC) was established by a (haritsble trust deed on 21st May 2020
and b￿ame a registered chaiity in May 2020. The charitable trust's obJeLts are..
To advance the Rcffnanian Orth(xJox fa￿h for the benefit of the publlc by the provisi￿ of a Romanian
Oth(￿l0x Church Community Centre in the Unlted ￿ngdOM.

ROMANIAN ORTHOD
X CHURCH
CENTRE
REPORT OF THE TRusfEES FOR THE YEAR ENDED 5 APRIL 2024
piriN
ED
To advance the Romanian OrthTrJox faith through ￿ provision of educatI¢￿al, arts and CLltural
aLl￿tieS at the Church and Communty Centre.
To bulld ￿ oth￿WISe acqulre and maintsin a Romanian Orthodox Church and rel&ed community
centre;
To advan￿ the Christlan rellglon and in partiojlar to a55iSt the work of the Romanian Orthodox Church
in the United ￿ngdoM through its own actiwty indLKling but not limited to holding religious Sery1￿ ond
public celebrats'ons of rellgityjs events.
ACHIEVEMEKfs AND PERFORMANCE
The tNstees of ROCC have remained committed to ensuring the smwth running of the cperatlonal acdvltles of
St George Parish, includlng supporting the Parothlal School and all associated church activities. Despite the
challenges presented by the global economic downtum, rising costs of living, and the conflict in Ukrdine, the
tharity has maintsined robust flnancial health due to continued support from Its donors.
Durlng the year ending 5 Aprll 2024, the trganlzation saw a significant increase in voluntsry dcK)ations,
demonstrating the enduring generosty of the Romanian OrthrAdox communty. This financial stability has allowed
ROCC to pursue and achieve key objectives, including the development of its strategic projeLts.
One of the thartys most significant achievements was reaching a pivotal milestone In the"￿1 Ctitorl" fBe
Founderl,? projert. On 15 December 2023, ROCC successfully acquired St Paul's Church, located at 102a Church
Street, Enfield (EN2 6AR). This acquisition marks a cwclal step towards creatlng a dedicated 4)ace for Orthodox
Christian religlous serv1￿5 and cultural actIvI￿es, Ser￿n9 the Romanlan community across Greater London and
the Urwted ￿ngdoM as a whole.
This ￿hieVeMent was made ￿sSIble through substartial grants provided by:
The Romanlan Mlnlstry of Religious Affalrs (Secretsriatul de Stst pentru Culte)
The Department for Romanians Abroad (Departamentul pentru Romanii de Pretutindeni)
The Romanian Orthodox Church in the United Kingdom Trust (Charty Number 1191639)
Generous donatlons from the Romanian Orthodox c(Knmunty, contributed over a number of yea
FINANCIAL REVIEW
The chartvs fiTran￿ are overseen by the Board of Trustees.
The financval p&tsrmance of the Romanian ChthLYlox Churth & Centre for the year ended 5 April 2024 refiects
signfflcart progress, particularly in the acquisition of a ￿rmanent thurch buildlng and centre.
Total income for the year was £2,741,429 (2023: £363,954). comprisng of grants and donatlons of £2,475,931,
drlven primarity by the "Fll Ctitorl" C'Be a Founderlj projett, including subsiantial grants and communlty
contributlons. General donations frcm chaiitable actlvities £241,576 {2023.' £212,211) and interest re￿Ivable
of £23,922 (2023.. £6,958). Totsl expenditure for the year was £105,542 (2023: £64,307), prlmarily covering
Churth rent and Qhurch related expense& This resulted In a net surplus of £2,635,887 (2023,. £299,fA7).
Unrestricted funds have Increased from £374,812 to £546,604, refiecting the operdtlonal surplus after covering
ongolng activities. Restricted fijnds have Increased from £797,082 to £3,261,177, earmarked for the church and
communlty centre development.

ROMANIAN ORTH
5 APRIL 202
CONTINUED
Axed assets have [￿eaSed to £2,848,479 (2023: £2,081), prlmarfty due to the acquistion of St Paul's Church in
Enfield. Current assets of £973,869 {2023: £1,198.980), mainly comprising cash at bank.
RESERVE POLICY
The Trust￿ are keenty aware of the need to secure Charltys future beYc￿d the Immediate day-to-day
requlrements. The charlty believes that tt wlll nead reserves to cover at least 6 months of the operation activiknes
and other related communlty projetts of ÉIOO,000. As of 5 April 2024, the free ￿SelVeS posltion was £546,604
(5 April 2023; £374,812) signlflcantly exceedlng the targe¢ refiecting the charitys rob(￿ financlal posltlon.
GOING COPICERN
The Trustees are confident that the charfty on continue as a gJing con￿rn for a period of at least tr￿e1ve
months from the date of approval of these finanaal statements. The Trustees also have a reasonable expectatton
that the charlty will have adequate resources to continue in operat"(x) the foreseeable future.
TAXATION
As the ao is a charity, it is recognised as such by HMRC for taxation purposes. k a re5uIt, there is no liabilty to
tsxatlon on any of its irKome. The CIO also ￿lStered Itself with HMRC for Glft Ald purposes In June 2022.
RISK POLICY
The Trustees are responsible for overseeing risks Fdced by the Charfty. Rlsks are identlned, assessed, and cortrols
are estatllshed throughout the year. A review of the charfty's risk management processes Is undertaken annually.
The Trustees have consilered the major risks to whlch the charity is exposed aThJ are satisfied that appropriate
procedures are in pla￿ to mib'gate those risks.
One of the previous key risks Identified by the trustees was the potential loss of access to a place of worshlp. This
risk has now been significandy mitigated following the acqulsition of St Paul'5 Cthurth, Ic£&ed at 102a Church
stree¢ Enfield. The acquisition ensu￿ a permanent and secure Icmztyon for Romanian Otthodox rellglous services
and community atttvitles The trustees remain committed to malntalnlng strong relationships wfch extemal
*akeholders and continue to explore oppothntties for further development to support the community's growing
needs.
For any dvil liabilitie5 related to all the thurch related attivities, an annual Insuran￿ t*Jlicy Is wt In pla￿.
AJI other health and safety rfsks assoclated wlth the church related activitles a￿ mitigatsd by strirt rules applied
during the serviw and other act[v￿leS.
FUNDRAISING POLICY
The tharlty does not use fundraising se￿1￿, consultsnts, or external professlonal fundraisers to undertske its
fundrdising actSwtie& Additionally, no data is shared with or g)Id to any external agenae&
PLANS FOR THE FimiRE
The '￿1 Ctitorl" ("Be a Founderl") project has achieved a major milestone with a chLrch buildiNJ and ￿ntre being
acquired on 15 December 2023 - St Paul'5 Church, 102a Church Street, Enfield (EN2 6AR). The trustees, vision for
St Paul's Church indudes adapt]ng the bullding to better suit (￿thOdOX ￿ristian worship and to serve as a ￿nter
for cultural educational activities. These developments align with the charivs objectives and wlll enhance its
capacty to suppY)rt and uplift the Romanian community auoss the UK.
Contynue to provide operational support to the St George Parish and 'Sfintii Brancovenl. Fèrochial School.

ANTAN
THODO
CHURCH & CEpifRE
PORT OF THE T
ED
srATEMENT OF TRusfEES RESPONSIBILMES
The trustees are responsible for preparing the Repjrt of the TrLtstees and the flnanclal statements in accordance
with applicable law aThJ United ￿ngdorn Accountlng Standards (Unlted ￿ngdoM Generally Accepted Acci)untlng
Practlce), Indudlng Financial Reporting Standard 102 Yhe Finanaal Reporbng Standard aP￿Icable in the UK and
RepuLlic of Ireland"
Charity law requ1￿$ the trustees to prepare financial statements for each flnanclal year whlth give a true and
fair view of the Situati￿ of the charlty and of the Incoming resources and applicatlon of ￿SoUrces. including the
Income and expenditure, of the charity for that perotsj. In preparing th¢)se financial statements, the trustees are
requlred to:
select suitable accounting policles and then appty them con51stentiy
serve the methods and princlples in the Charity SORP
make judgements and estimate5 that are reasonable and prudent
prepare the financlal ststements on the going con￿rn basis unless it is inappropriate to presume
that the charity vlll continue in bu&ness.
The twstees are responsible for keeplng accountlng records that are sufficient to slvjw and explain the charlty's
transacuons and dlsclose wlth reasonable accuracy at any time the flnanaal posI￿on of the charity and enable
them to ensure that the financial ststements compty with the Charities Art 2011 and regulatiorfj made
thereunder. They a￿ also resFonsible for safeguardlng the assets of the charity and hence for tsking reasonable
steps for the p￿ventIOn and detection of fraud and rrther irregularitses.
In so far as the trustees a￿ aware:
there is no relevant information of which the charivs auditors are unaware; and
the trustees have tsken all steps that they ought to have tsken to make themselves.
awa￿ of any relevant audit information and to estsbllsh that the auditors are aware of that
Infomiatton.
This report was agreed and signed on behalf of the Board of Trustees on
Chairman
- stantin PopesLv
Date: 30 April 2025

ROMANIAN
RTH
DOX
RCH
Independert auditorfs report to the trustees of the Romanian Orthodox Church & Centre
Year Ended 5 April 2024
Opin•on
We have aLNlited the finar￿101 statements of The Romanian (>thodox Clwrth and Centre for the year ended 5
April 2024 which comprise of the Statement of Financial Acbvities, Balan￿ Sheet, Cash Flow Statemen¢ and
note5 to the financial statements, includlng a summary of slgnlficant accountlng poliaes, The flnanclal reporting
framework that has been applied in their preparatlon is appllcable law and Unlta Klngdom Accounting
Standar(ts, induding Finanaal Reporfjng Standard 102 The ￿nan0alRe￿ort1ng Stsndardapplicable in the UKand
RepublIcofl￿18nd(unIted ￿ngd(ffn Generalty AC￿pted Accountlng Practice).
In our opinlon, finanaal ststements:
give a true and fair view of the stste of the charity s affairs as at 5 April 2024 and c¢ the net movement
in funds for the year then ended;
have been woperfy prepared In accordan￿ wlth u￿ed Kingdom Generalty Accepted Accounting
Pract1￿, and
have been prepared in accordan￿ with the reqUI￿rnents of the Charities Att 2011.
Basis for oplnlon
We have been appointed as auditor under section 144 of the Charfties Act 2011 and report In acce{dan￿ with
the Act arKi relevant regulatlons made or ha￿ng effect thereunder. We condurted our audit in accordan￿ wth
Internatknnal Standards on AUd￿ing (UK) (ISAS (UK)) and applicable law. Our responsibilibes under those
standards are fvrther described in the Auditorfs responsibilities for the audit of flnanoal statements settion of
our report. We are indepeThJent of the charity in accordan￿ with the ethical requirements that are relevant to
our audit of the financial stst￿ne￿ts in the UK, includlng the FRCS Ethlcal Stsndard. and we have fulfilled ￿1r
other ethical responsibilities In accordan￿ with these requirements. We believe that the audlt eviden￿ we have
obtalned Is suffident and appropriate to provide a basis for our opinion.
Conclusions relatlng to going con¢¢rn
In auditing the flnanoal statements, we have concluded that the trustees, use of the golng cor￿rn basls of
accounting in the preparation of the finanaal statements is appropriate.
Based on the worl( we have performe¢J, we have not identified any materlal uncertainties relating to events or
condlkions thaL individually or collertlvelyi may cast significant dwbt on the charjvs ability to Con￿nUe as a
going cOn￿M for a period of at leasi tsvelve months from when the flnanclal statements are authorised for issue.
Our responslbiif(ies and the responslblllties of the trustees with respect to golng conctrn are described in the
relevant s￿lOnS of this report.
The trustees are responsible for the other Infomiadon. The other Snfomiation comprises the informavon Induded
in the T￿￿tees, Annual Repjt. Our oplnlon on the financial statements does not cover the other information
and, ex￿pt to the extent othe￿Ise explicitly stated in our report, we do not express any fomi of assurance
conclusion thereon.
In connettion with our audlt of the finanaal Statements, our ￿$r(￿SIbIlity is to read the othw Information and, in
doing so, consider whether the cther Infomation is materially inconsistent with the finanaal statements or
knowledge obtsined in the atyjit or otherwise appears to be materially mls5tated. If we identify such materlal
Inconsistenaes or apparert materfal mlsststements, we are required to determine whether there is a materlal
misstatement In the financial statements or a material mi*atemert of the other infomiation. If, based on the
work we have pefftsrmed, we conclude that there is a material mlsststement of this other infomiation, we are
required to ￿&￿￿rt that facL We have nothing to report in this regard.
Matters on whlth we are required to report by exception
We have nothing to report In respect of the following matters in relation to whith the Charities (Accounts and
Rewrts) Regulatiors 2008 require us to report to you If, in our opinion:
adequate accounting records have not b*n kept by the charity;
sufFicient accounting record5 have not been kept.

MANZAN
TH
XCHUR
Xndependent auditor's report to the trustees of the Romanian Orthodox thurch & Centre
(Contlnued)
Year Ended 5 April 2024
the chartty finanaal statemerts are not in agreement with the accountiThJ record5 and re￿rns. or
we have rKt recaved all the infomation and explanation5 we require for our audit.
Responsibillties of trustees for the financial statements
As explained more fully In the trustees, responsibllttles statement set out on page 4, the trustees are respon%ble
for the Preparatic￿ cl the finanaal ststements and for being satlsfied that they give a true and falr vtew, and for
such internal ¢￿trol as the trustees dete￿Ine is necessary to enable the preparatim of financlal ststements that
are free from material misstatement, Whetr￿ due to fraud or error.
In preparfrKJ the flnancial statements, the trustees are respOn￿ble for assesslng the tharws ablllty to conunue
as a going con￿rn, dlscloslng, as appllcable, matters related to going contsrn and using the going con￿rn ba&s
of accounting unless the trustees either intend to liquidate the chartty or to cease operations, cff have no realistic
altemative but to do so.
Auditorfs responslbllltles for the audlt af the flnancial ststements
Our obJettives are to obtsln reasonable assurance about whether the finandal statsments as a whole are free
from materlal mlsstatement, whether due to fraud or error, and to issue an auditor's re￿t that includes wr
oplnlon. Reasonable assurance is a high level of assuran￿ but Is not a guarantee that an audit condutted in
accordan￿ with ISAS (UK) will alway5 detect a material misstatement when it exists. Mi5Statements can artse
from fraud or error and are considered materlal if, individually or in the aggregate. they could ￿a9)nablY be
expected to Influen￿ the economic deci%ons of users tsken on the basls of these financial ststements.
Irwularttles, Includlng fraud, are Instsn￿$ of non-compllance with laws and regulations. We design procedures
In line wlth our reswnsibilltles, outlined above, to detett material misstatements in respert of irregularities,
Including fraud. The extent to whith our procedures are capable of detetting irregular￿leS, Ind￿1ng fraud Is
detailed below:
Based on cmjr uThJersianding of the charity and the environment in which it opeTrte5, we identified that the
principal risks of non-compjlan￿ wlth laws and regulations related to non-compliance with the Charities Law. aTrJ
we consKiered the extent to which non-complian￿ might have a materlal effett on the financial ststements. We
also consldered those laws and regulatlons that have a dlrert Impact on the preparation of the financial
statements such as the Charities Act 2011.
We evalvated managemenys incentives and OPFK)rtunitie5 for fraudulent manlpulation of the financial statements
(induding the rlsk of oveThide of controls) and determined that the princtpal risks We￿ related to Income not
bein9 recognised in the correct period. Audit procedures perfomed by the engagement team Indthled:
InSp￿Ir￿j c0ffesp0nd￿ce with regulators and tsx authorities;
Dlscusslons with management induding consideration of k￿wn or suspected inStsn￿5 of Tr)n-
Complian￿ wlth laws and regulation and fraud,,
Evaluating managemenys controls designed to prevent and det￿ Ir￿UlarItIeS.
Identifying and testing Journals
Challenging assumptlons and Judgements made by management in thelr critical accountlng estimates
Because of the inherent limitstions of an audlL there is a risk that we wlll not detect all irregularfcies, indudlng
those leading to a material misstatement in the financial ststements or non-complian￿ with regulatlon. Thts rlsk
increases the more that compliance with a law or regulation is removed from the events and transactlons
refiected in the flnancial statements, as we will be less likely to bKome awafft of Instan￿ of non-compllance.
The risk Is also greater regarding irregul3rlUes occurring due to fraud ratr*r than error, as fraLMI involves
Intentional concealmen¢ forgery, collusion, omission or misrepresentation.

ROMANIAN ORTHODOX CHURCH & CENTRE
Independent auditorfs report to the trustees of the Romanian Orthodox Church & Centre
(Continued)
Year Ended 5 Aprll 2024
A further description of our responsibili￿eS for the audlt cl the flnanclal st*ments is located on the Financial
Reportlng Counal's website at: www.frc.or .u
auditorsres
nslbilities. This descrlpts'cffi tsms part of our
audltor's rewt.
Use of our report
This report Is made solely to the chartys trustees, as a bL)ayi in accordan￿ wlth settlon 144 of the chari￿es Att
2011 and regulat(ons made under section 154 of that Act, Our audit work has been undertaken so that we might
state to the chanvs trustee5 those matters we are required to state to them in an Auditorfs report and ft)r no
other wrpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone ot￿r
than the cha￿ty,$ tru
as a body for our audit worK for this rep)rt, or for the oplnlons we have fomed.
Parvez Dalal ACA FCCA
Senior Ststutory Auditors
For and on behalf of
Brian Paul Limited
Chartered Accountants & Registered Audltors
159A Chase Slde
Enfield
EN2 OPW
30(041 ￿15
Brian Paul Limited is eligible to a¢( as an audltor in t8ms of section 1212 of the Companies Act 2006

Notes Unrestricted Restrlcted
Funds
Funds
Total
2024
Total
2023
INCOME FROM
Grarts and donavons
Charitable activitles
interest re￿1vable
2,475,931
2,475,931
241,576
23,922
144,785
212,211
6,958
241,576
21,135
2,787
TOTAL
262 711
2 478 718
2 741429
EXPENDrruRE ON
Raising funds
Charitable activities
90,919
14,623
105,542
64,307
TOTAL
105 542
Net Incomel(expenditure)
171,792
2,464,095
2,635,887
299.647
Transfers between funds
Net Movement In Fund$
171,792
2,464,095
2,635,887
299,647
Funds brought fornard
374,812
797,082
1,171,894
872,247
Funds Carried Fonvard
819
3 261 177
1171894
All the charitys activities derlved from contlnuing OFeraticns during the atrfjve firKinclal years.
All galns and losses recognised In the year are included in the Ststement of ￿nan0a1 Actlmties.
The notes on pages 12 to 16 fomi part of these financial statern￿ts.

ROMANIAN ORTHODOX CHURCH & CENTRE
Notes
2024
2023
xed Assets
2 848 479
1848,479
2,081
CURRENT ASSETS
Cash at bank
Debtor5
973,869
1,198,980
973
1198 980
CURRENT LIABILMES
Creditors- all falling due wlthln
one year
14,567
29,167
Net Current Assets
959,302
1,169,813
NEf ASSErs
3 807 781
REPRESEPtrED BY
Unrestricted fiJThJs
Resbicted funds
546,604
3,261,177
374,812
797,082
TOTAL FUNDS
3 807 781
1171894
The accourts were approved by the Trustee5 and signed on ts behalf by..
Rev. Constantin Popescu, Chairman
Date:
io

ROMANIAN
RThODOX CHURCH & CENTRE
2024
2023
CASH FLOW FROM OPERATION AcrIvrrIES
Surplu5 for the year
2,635R87
299,647
AdJusth)ents for:
Interest
Depreaation
Movement in worknng optsl:
Increasel(decrease) in credIt￿$
(23,922)
(6,958)
(14,600)
29,167
Net osh provlded (used in) by operatlng actI￿tte$
2,598,405
322,896
CASH FLOW FROM INVEsfING ACTivrrIES
Inte￿st
Purchase of propety, plant and equlpment
23,922
(2,847,439)
6,958
Net osh used by investing acttmtses
(2,823,517)
6,958
CASH FLOW FROM FINANCING ACTMries
Net cash provided by (used In) finanaw att[v￿leS
CHANGE IN CASH AND CASH EQUIVALENT IN
THE REPORTING PERIOD
(225,112)
329,854
CASH AND CASH EQUIVALENf AT ThE
BEGINNING OF THE REPORTING PEIUOD
1,198,980
869,126
CASH AND CASH EQUIVALErir ATTHE E14D OF
THE REPORTING PERIOD
973,868
1,198,980

X CHURCH & CENTRE
YEAR ENDED 5 APRIL 2024
ACCOUfmNG POLICIES
The prinapal accounting pollcles adoptedi judgements and key sources of estimation uncertalnty In the
preparatlon of the financial statements are as follows,.
(a)
General Infomiatlon and basis of preparation
Romanian Orthodox Church & Centre converted from an unincorporated tru* fthe Tru￿ (charty reg
no 1111506) to a Charitable Inctywrated Organisatlon Cthe Cto? (d)arty reg no 1189599), was
registered wth the Charty Gynmissicfft on 21 May 2020.
The tharlty consututes a publlc benefit entity as defined by FRS 102. The financial ststements have been
prepared in accordarKe with Accounting and Reporting by Charltles: Ststement of Recommended
Pracbce applicable to dNirlties preparing their accounts in accordance wlth the Flnandal Reporting
Stsndard applicable in the UK and Republtc of Ireland (FRS 102) (Second Edition, effertive l January
2019), the Char5t￿ Att 2011 and UK Generally AC￿pted Accounting Prattl￿.
There are Tr) areas of crftlcal Judgmert or estimation used in the preparation of the financial statements.
The finanaal statements are wesentsd in pouThJs sterling.
(b) Golng concern
The Trustees are corrfldent that the tharlty can conttnue as a going concern for a perlod of at least
twelve months from the date of approval of these finanaal statements. The Trustees also have a
reasonable expettation that the charlty Mll have adequate resour￿ to continue in operaticfft for the
foreseeable fijture.
(c)
Income recognltlon
AJI income is recognised On￿ the charity has entidement to the income, it is probable that the Income
will be recefved, and the anbjunt of income receivable can be measured reliobly.
Grants are remgnised when the tTharity has be￿ notlfled In w￿tIng of both the amount and setuemert
(d) Expenditure
Charitable expenditure consists of all expenditure relating to the objects of the Charity. All costs are
dirertty attrlbutable to the activities under which they have been analysed.
Irrecoverable VAT Is Ind￿ed with the catsgory of expense to which It relates.
(e)
Tanglble Flxed Assets and Dwedatlon
TarrfJlble fixed assets are stated at cost less depreaation. Depreciation is provlded a straight-line basls
as follows:
Church ltsms: 20% on Cost
The Charty capitsltses any capitsl costs a￿ve £2,CQO. All costs below the threshold are expensed in the
The Charity has chosen not to provlde depredation on the Cathedral Church bulldlngi In Ilne wlth
t￿lIcY and practice of regular Maintenan￿ and repalrs. This ongolng maintenance ensures that the
Ildlr¥J remalns in a continual state of ￿paIr, effectivety maintaining ts value over time. An impaimient
review Is performed on an annual basis on property which is not subj'ect to depreoation ￿ whose
unexpired life is estimated at more than 50 years.
12

THEA
EAR ENDED
(f)
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short t￿M hlghly liquid Investments.
(g)
Credltors and provlslons
ed5tors and prowsions are recognlsed where the tharty has a present obligation resulting from a past
event that will probably result in the ts7nsfer of fijnds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at
their setdement amount after allowlng for any trade discounts due.
(h)
Funds
The unrestritted funds rewesent funds available for the general tharitable purpose of the charity at the
discretion of the trust￿.
Restrirted fund5 are funds whlch are to be used in accordan￿ with specific re5trictN)n5 Imposed by
donors or which have been rdiwj by the Charity for specific purposes, The cost of raising and
administering such funds are charged against the 5￿cIfiC fund. The aim and use of each restricted fund
are set out in the notes to the financlal ststements.
(i)
Judgements and key sources of estimatlon uncertainty
The judgements that have had the most significant effect cfft amounts reojgnised in the finanaal
ststements are the depreciatlon rates. The estimates and associated assumptlons are based on hi5torfcal
experien￿ and other relevant factors. The Undert￿ng assumptions which affert these Judgements are
rewewed on an ongcing basi5.
GRArirs AND DONATIONS
Unrestrirted Restrfcted
Totsl
2024
Totsl
2023
Grants fBe a Founder
tX)natlons fBe a Founde
2,446,066
2,446,066
2475 931
2 475 931
The donation5 for the year ended S April 2023 of £144,785 w￿e all restn'cted.
CHARrrABLE AcfivTfIES
Unrestrfcted
Restricted
Totsl
2024
Totsl
2023
General tknnations
241576
241576
241576
241576
212 211
212 211
The general donatlons for the year ended 5 April 2023 of £212,211 We￿ all unrestrlcted.
13

NOTES TO THE ACCOUNTS
EAR ENDED 5 APIUL 202
CHAIUTABLE AcrIvrrtES
2024
Total
2023
Unrestrfctsd
Restrl(ted
Church rent and charyes
Other church expenses
Support Costs
Govemantr costs
46,396
36,fA8
1,875
6,000
90,919
46,396
36,787
16,359
6,000
105,542
39,242
23,714
1,351
139
14,484
14,623
64,307
2024
2023
Legal fees
Depreciation
Insuran￿ costs
12.500
1,040
311
Total chariiable activities for the prlor year were unrestricted.
The charlty dld not have any employees in the current or preceding year.
TRusfEES REMUNERATION
None of the Trustses (or any persons connectsd with them) received any benefits or remuneratlon from
the Charfty during the year (2023: none).
AUDrroRS REMUNERATION
2024
2023
Audit fees
FIXED ASSErs
Church Items
Asset under
c¢￿$tructIOn
Freehold land
and building
Total
Cost
At 6 April 2023
Additions
At 5Aprfl 2024
5,201
5,201
2 847 438
2,852,639
2 808 140
2,808,140
5,201
39,298
Depr￿latIon
At 6April 2023
Charge for the perfod
At 5 April 2024
3,120
3,120
4,160
4,160
Net Book Value
5April 2024
SAprll 2023
14

NOTES TO THE ACCOUNTS
CREDrroRS
2024
2023
Church rent and charges
Audlt fees
8,567
29,167
14,567
29,167
REsfRICtED FUNDS
Balance
61412023
Incoming Resources Transfers
Resources Experbded
Balance
51412024
Be a Founder (Fil
ParoKhial School
796,212
870
2,478,718
(14,623)
3,260,307
870
797,082
2,478,718
(14,623)
3,261,177
Balance
61412022
Incomlng
Resources Transfe
Resources Expended
Balance
51412023
Be a Founder C Fil C
ParocFMal School
651,427
870
144,785
79S,212
870
652,297
144,785
797,082
Be a Founder ("Fij Cyltorl?
The fijnds have been set aside to build or otheN4lse acquire and maintaln a R(Mnanlan Othdox Church
and related Q)mmunity Centre.
Parothial Sthool
The funds have been set aside to advan￿ the Romanlan Orthcdox Pdlth through the provision of
educatlonal, arts and cultural activitles at the Church and Communlty Centre.
UNREsfRIcfED FUNDS
Balance
61412023
Incomlng Resources Transfers
Resources Expended
Balanct
51412024
General fuThd
374,812
262,711
(90,919)
374,812
262,711
(90,919)
546,604
15

NOTES TO THE ACCOUNTS
EAR ENDED
APRIL 20
UNRESTRICTED FUNDS (CONTINUED)
Balance
61412022
Incomlng Rasources Transfers
Resources Expended
Balance
51412023
General fund
219,950
219,169
(64,307)
374,812
219,950
219,169
(64,307)
374,812
io.
ANALYSIS OF NEf ASSETS BEfwEEN FUNDS- AS AT 5 APIUL 2024
Unrestricted funds
Restrirted funds
Total
Fixed Assets
Current assets
Current liabilitie5
1,041
560,130
2,847,438
413,739
2,848,479
973,869
546,604
3,261,177
3,807,781
AfiALYSIS OF NEf ASSEfs 8EfwEEN FUNDS- AS AT 5 APIUL 2023
Unrutrlcted funds
Restricted fvnds
Total
Fixed A
Current assets
Current Ilabilities
2,081
401,898
2,081
1,198,980
797,082
374,812
797,082
1,171,894
ii.
RELATED PARTIES
No trustee received any remuneration for Servi￿ as a trustee. The trustees In their role as tsvstees
receiv&J travelling and out of pocket expenses totsling £Nil (2023.. £2,564). The totsl amount of
donations made by the Trust￿ was £2,520 (2023.. £3,755). The￿ were no other related party
transactiorts in the current or p￿￿Ing years.
11 SUBSEQUEsNf EVENTS
In April 2025, Its Romanian Orth)dox thurch in the United ￿ngdoM Trust, a Charltable IncorpoTrted
Organisation (Cto) registered with charity number 1191639 ("ROCTF'), transferred its prinapal assets to
the Charity. The Trustees have confimed that there is sufficient alignment btheen the charitable
objects of RocfF and those of the Charity to ensure that the transferred assets will be used in
fijrtherance of the Charity's purposes. The assets transferred indude cash and the property locatsd at
250 Clapham Road, London, SW9 OPZ.
16

NOTES TO THE ACCOUNTS
13. OPERATING LEASE COMMITMENrs
The entity had outstanding commitments for future mlnlmum lease payments under n￿-can(￿lIng
operatlng leases as at year ené:
2024
2023
Payable wlthln one year
Payable btheen two and flve years indu5ive
Payable later than five years
Totsl
41,200
164,800
130 467
336 467
41,2QO
164,800
171667
377 667
14. PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES
Nrtes Unrestiirted Restricted
Funds
Funds
Total
2023
Total
2022
INCOME FROM
Grants and donations
Charltable actlvlties
Interest receivable
144,785
144,785
212,211
6,958
58,452
139,923
117
212,211
6,958
TOTAL
219 169
363,954
EXPENDrruRE ON
Ralslng funds
Charltsble acbvities
64,307
64,307
44,706
TOTAL
N& Incomel(expendtture)
154,862
144,785
299,647
153,786
Tr4nsfers between funds
Net Movement in Funds
154,862
144,785
299,647
153,786
Funds brought forward at 6
April 2022
219,950
652,297
872247
718,461
Funds Carried Fornard at
S April 2023
819
374 812
1171894
17