2024-07-31-accounts - Three Holy Hierarchs Romanian Orthodox Community

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THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY Charity Number:1194959 Company Reg Number:CE025450

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY CONTENTS

31ST JULY 2024

	CONTENTS
		Page
Charity's General Information		1
Trustees Report		2
Independent Examiner's Report		3
Balance Sheet		4
Notes to the Financial Statements		5-6
Statement of Financial Activities		7

THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY

CHARITY'S GENERAL INFORMATION

31ST JULY 2024

Charity's General Information

BOARD OF TRUSTEES: Fr. Marius Constantin Stavar Florentina Dragoi Liviu Anton Dr Daniel Florin Sava Marin Lazarescu Daniel Stoica PRINCIPAL OFFICE: 3 Arkwright Avenue Rochdale OL16 2BP WEBSITE: www.bisericaortodoxamanchester.co.uk CHARITY REGISTERATION NUMBER: : 1194959 BANKERS: Barclays Bank plc ACCOUNTANTS: Richflo Accounting Services 4 Deeroak Close Manchester M18 8AF

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THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY

TRUSTEES' REPORT FOR THE YEAR ENDED

31ST JULY 2024

STRUCTURE , GOVERNANCE , CONSTITUTION AND MANAGEMENT:

CHARITABLE OBJECTIVES

The objects of the CIO are: the objects of the CIO fall under the purposes of advancement of religion, advancement of education, relieving poverty and advancement of citizenship or community development. they are: To advance the Romanian orthodox Christian religion in the United Kingdom for the benefit of the public, particularly but not exclusively by, the provision of a place of worship in the Greater Manchester and the surrounding areas. to advance the education of Romanian people or people of Romanian descent in the United Kingdom for the benefit of the public, particularly but not exclusively by, the provision of information and/or courses in subjects as English language, Romanian language, employability and information and communications technology (ICT) in such ways as the charity trustees think fit. the prevention or relief of poverty in the United Kingdom, Romania and worldwide for the benefit of the public, particularly but not exclusively by, the provision of items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty. to advance the citizenship and to promote the social inclusion of Romanian people or people of Romanian descent in the United Kingdom for the benefit of the public, particularly but not exclusively by, promoting good citizenship, by rising awareness of discrimination, by encouraging people to develop talents and capabilities for the benefit of the society as a whole and assisting them to integrate into society. nothing in this constitution shall authorise an application of the property of the CIO for the purposes which are not charitable in accordance with [section 7 of the charities and trustee investment (Scotland) act 2005] and [section 2 of the charities act (Northern Ireland) 2008]

ACTIVITIES - HOW THE CHARITY SPENDS ITS MONEY

The Charity primarily funds the provision of religious services for the Romanian Community in Greater Manchester. Also, the Charity supports the Christian Orthodox Community (communities) with respect to education, relief of poverty and other social and spiritual goods and services. The services of the Charity are open to all those interested

FINANCIAL PERFORMANCE AND REVIEW OF FUTURE ACTIVITIES:

During the year, total income of	£36,926	realised and	of resources expended.	of resources expended.
The income and expenditure amounts are significantly lower compared to the			previous period. Though,
There exist a surplus of £22,751	this year, but lower compared to prior year surplus of			£37,020
			2024	2023
INCOME & EXPENDITURE			£	£
TOTAL INCOMING RESOURCES:			36,926	45,604
GROSS INCOMING RESOURCES		7	36,926	45,604
TOTAL RESOURCES EXPENDED:		7	(14,175)	(8,584)
OPERATING SURPLUS/(DEFICIT)			22,751	37,020

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THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY

TRUSTEES' REPORT FOR THE YEAR ENDED

31ST JULY 2024

STRUCTURE , GOVERNANCE , CONSTITUTION AND MANAGEMENT:

METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES:

Management of the charity is the responsibility of the Trustees who are elected on basis of contribution they will make to the governance of the charity under the terms of the Trust Deed.

STATEMENT OF TRUSTEES RESPONSIBILITY:

The charity's Trustees are responsible for the preparation of financial statements in compliance with requirements as to its form and contents under section 132(1) of the Charities Act 2011 and that an independent examination is needed. In preparing these financial statements, Trustees are required to:

select suitable accounting policies and then apply them consistently
prepare the financial statements on the going concern basis unless it is inappropriate to
the financial statements are prepared as required by law to give a true and fair view of the state of affairs of the charity surplus or deficit for that period, and safeguard the assets of the charity.

INDEPENDENT EXAMINERS:

The Trustees appointed Richflo Accountants as its independent examiners.

This report was approved by the Trustees on 17th April 2025, and signed on their behalf by trustee:

Name of Trustee: Fr. Marius Constantin Stavar

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Signature: . . . . . . . . . . . . .
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Date: 17th April 2025.

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THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY

INDEPENDENT EXAMINER'S REPORT

31ST JULY 2024

I have examined the financial statements, which comprises the financial activities, the Balance Sheet and the related Notes on pages 4 to 7 and the accounting policies of the THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY, for the year ended 31st July 2024.

This report is made solely to the Charity Trustees are responsible for the preparation of the accounts. The Trustees consider audit is not required under section 160(1) of the Charities Act 2011 and that an independent examination is needed.

Respective responsibilities of Trustees and Independent Examiner:

As described on page 4, the Trustees are responsible for the preparation of financial statements. It is my responsibility to carry out an independent examination of those financial statements and to issue a report based on that examination.

Scope Of examiner's Statement:

I conducted my examination in line with directions given by the Charity Commission under section 145(5) of the Charities Act 2011. An examination includes a review of accounting records kept by the charity and comparison of the financial statements with those records as well as explanations from the trustees concerning the records. The procedures undertaken do not provide all the evidence that would be required in an audit. Consequently no audit opinion is given and the report is limited to the statements below:

Independent examiners statement:

We, as independent examiner have the requisite ability and practical experience to carry out a competent examination of the accounts in accordance with section 145(1)(a) of the Charities Act 2011

In connection with our examination, no matter has come to my attention:

i . Which gives me reasonable cause to believe in any material respect the requirements:
to keep accounting records in accordance with section 130(1) of the Charities Act 2011, and
to prepare financial statements which comply with the accounting requirements of section 132(1) of the Charities Act 2011, have not been met; or
ii . To which in our opinion, attention should be drawn in order to enable a proper understanding of the financial statements to have been prepared

Mr Richard Ogunyemi, ACA, MBA

Richflo Accounting Services

4 Deeroak Close Manchester M18 8AF

Date: 17th April 2025.

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THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY

BALANCE SHEET

31ST JULY 2024

146,998	2024 £ 0 146,498 (6,468)	117,279	2023 £ 0 117,279 (0)
146,998 (500)		117,279 (0)

	140,030		117,279
	140,030		117,279
	140,030		117,279

The trustees are satisfied that the charity is entitled to exemption from audit under section 160(1) of the Charities Act 2011 for the accounting period ended 31st July 2024.

The trustees acknowledge their responsibilities for:

(i) ensuring that the charitable company keeps accounting records which comply with sections 130 of the Charities Act 2011; and
(ii) preparing financial statements which give a true and fair view of the state of affairs of the
charitable as at the end of the period in accordance with section 132(1) of the Charities Act 2011.

Approved by the Trustees on 17th April 2025, and signed on their behalf by the trustees:

Name of Trustee: Fr. Marius Constantin Stavar

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Signature: . . . . . . . . . . . . .
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Date: 17th April 2025.

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THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY NOTES TO THE ACCOUNTS

31ST JULY 2024

1. ACCOUNTING POLICIES

The financial statements have been prepared in accordance with applicable Financial Accounting Standards in United Kingdom with the application of FRSSE and the Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2000 & 2005) as issued by the Charity Commission.

A summary of the principal accounting policies, which have been applied consistently is set out below:

(a) Basis of Preparation of Financial Stetements;

The financial statements are prepared under the historic cost convention and include the result of charity's operation, which are described in the Trustee's Report, all of which are continuing.

(b) Incoming Resources:

All incomes is credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable.

(c) Restricted Funds:

Restricted funds are to be used for specific purposes within the objects of the charity. Expenditures which meet these specific criteria, will be matched with a fair allocation of management and support costs.

(d) Unrestricted Funds:

Unrestricted funds are donations, offerings and other incomes generated for the objects of the charity without further specific purposes and are available for general and public funds.

(e) Resources Expended:

Direct Charitable expenditure includes all expenditure incurred in direct pursuit of its charitable objectives. Governance expenditure includes all costs incurred which relates to the charitable and for administaration of the charity in compliance with constitutional and statutory requirements.

Tangible Fixed Assets and Depreciation:

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates in order to write off the cost of each assets, less their estimated residual value over its estimated useful life as follows:

follows:
Office Equipment	25% at reducing balance
2. EMPLOYEES:		2024	2023
Average number of employees during the period		0	0

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THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED

31ST JULY 2024

3. TANGIBLE FIXED ASSETS: COST / VALUATION: Church Office Building Equipments Opening Balance 0 0 Additions in the year 0 0 Closing Balance 0 0 Depreciation Opening Balance 0 0 Charge for the period 0 0 Closing Balance 0 0 Net Book Value Opening Balance 0 0 Closing Balance 0 0 4 CREDITORS: Amount Due Within 1 Year Accountant Fees 5 CREDITORS: Amount Due After 1 Year Current Accounts 6 RESERVES: Movements in Charity funds: Opening Balance for the Year Surplus/(Deficit) for the Year 7 Closing Balance	Church Office Building Equipments	2024 2023 TOTAL TOTAL £ £
	0 0 0 0	0 0 0 0
	0 0	0 0
	0 0 0 0	0 0 0 0
	0 0	0 0
	0 0	0 0
	0 0	0 0
		500 0
		500 0
		6,468 0
		117,279 80,259 22,751 37,020
		140,030 117,279

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THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY

STATEMENT OF FINANCIAL ACTIVITIES

STATEMENT OF FINANCIAL ACTIVITIES
31ST JULY 2024 7. STATEMENT OF FUNDS Notes Incoming Resources 8 Resource Expended 9 &10 NET SURPLUS/(DEFICIT) FOR THE PERIOD 8. INCOMING RESOURCES: Donations TOTAL INCOMING RESOURCES: 9. CHARITABLE EXPENSES: Birch Fallowfield Others TOTAL 10. ADMINISTRATIVE EXPENSES: Rent Banner Website Volunteers Utility Bills Sundry Expenses Depreciation of Tangible Assets Accountant Fees TOTAL	Restricted Unrestricted Funds Funds £ 0 36,926	2024 2023 £ £ 36,926 45,604 (14,175) (8,584)
		22,751 37,020
		TOTAL TOTAL Funds Funds £ £ 36,926 45,604
	0 36,926	36,926 45,604
	0 7,175 0 0	7,175 0 0 0
	0 7,175	7,175 0
	0 5,600 0 100 0 0 0 0 0 0 0 500 0 0 0 800	5,600 5,600 100 0 0 13 0 2,059 0 500 412 0 0 800 500
	0 7,000	7,000 8,584

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