2023-07-31-accounts - Three Holy Hierarchs Romanian Orthodox Community

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Three Holy Hierarchs Romanian Orthodox Community 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 incorporation organisation (CIO) and was registered on 25th June 2021.

The CIO was established under a Constitution which sets 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 fall under the purposes of advancement of religion, advancement of education, relieving poverty and advancement of citizenship or community development.

Financial review

Total incoming resources for the year amounted to £45,604 (2022 £53,883), with total resources expended of £8,584 (2022 £7,558), resulting in net incoming resources of £37,020 (2022 £46,325).

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 25th May 2024 28

……………………………………………..

Fr Marius Constantin Stavar Chair

Three Holy Hierarchs Romanian Orthodox Community Statement of Financial Activities (Including Income and Expenditure Account) For the year ended 31st July 2023

	Unrestricted	Unrestricted
	Funds	Funds
	2023	2022
	£	£
Incoming Resources:
Donations	45,604	53,883
Resources Expended	45,604	53,883
Cost of generating funds	8,584	7,558
Net Incoming Resources - Net Income for the Year	8,584 37,020	7,558 46,325
Total Funds at 1st August 2022	80,259	33,934
Total Funds at 31st July 2023	117,279	80,259

Three Holy Hierarchs Romanian Orthodox Community Balance Sheet at 31st July 2023

Current assets Cash at bank and in hand Net current assets Total Assets Less Current Liabilities: Unrestricted Funds General funds Total Funds	2023 £ 117,279 117,279 117,279 117,279 117,279	2022 £ 80,259 80,259 80,259 80,259 80,259

For the year ending 31st July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

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 Sections 394 and 395 of the Companies Act 2006, and which otherwise comply with the requirements of this act relating to accounts, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the Board on 25th May 2024 and signed on its behalf by:

……………………………………

Fr Marius Constantin Stavar Chair

Three Holy Hierarchs Romanian Orthodox Community 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.

Three Holy Hierarchs Romanian Orthodox Community Detailed Statement of Financial Activities For the year ended 31st July 2023

Revenue Donations Total Revenue Cost of Sales Administrative expenses Rent Motor costs Website Donations Flowers Bank charges Sundry Expenses Accountancy fees Easter celebration costs Church celebration costs Repairs and Renewals Other expenses Total Administrative expenses	2023 £ 45,604 45,604 2,059 5,600 - 13 - - - 412 500 - - - - 6,525	2022 £ 53,884 53,884 173 6,000 - 149 1,000 37 30 - - - 50 119 - 7,385

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members of

Charity Name

Three Holy Hierarchs Romanian Orthodox Community

On accounts for the year 31/07/2023 Charity no 1194959 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 basis of report

As the charity's trustees, you are responsible for the preparation of the 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 examiner's statement

I have completed my examination. My examination included a review of the 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.

Date: 27/05/2024

Signed: Name: Ionela Alexii

Oct 2018

IER

Address: 20 Nowell Close, Radcliffe-on-Trent, Nottingham, NG12 1FE

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

IER