**THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY** Charity Number:1194959 Company Reg Number:CE025450
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2025**
**THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY**
CONTENTS 31ST JULY 2025
||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|
CHARITY'S GENERAL INFORMATION 31ST JULY 2025
## **THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY**
## **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
**Page 1**
## **THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY**
TRUSTEES' REPORT FOR THE YEAR ENDED
31ST JULY 2025
## **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|**£23,071**|realised and|**£16,830**|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
**£6,241**|this year, but lower compared to prior year surplus of||||**£22,751**|
|||||**2025**|**2024**|
|**INCOME & EXPENDITURE**||||£|£|
|**TOTAL INCOMING RESOURCES:**||||23,071|36,926|
|**GROSS INCOMING RESOURCES**||7||**23,071**|**36,926**|
|**TOTAL RESOURCES EXPENDED:**||7||(16,830)|(14,175)|
|**OPERATING SURPLUS/(DEFICIT)**||||**6,241**|**22,751**|
**Page 2**
## **THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY**
TRUSTEES' REPORT FOR THE YEAR ENDED
31ST JULY 2025
## **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 23rd April 2026, and signed on their behalf by trustee:
## Name of Trustee: **Fr. Marius Constantin Stavar**
Signature:
Date: 17th April 2025.
**Page 3**
## **THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY**
INDEPENDENT EXAMINER'S REPORT
31ST JULY 2025
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 2025.
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: 23rd April 2026.
**Page 4**
## **THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY**
## BALANCE SHEET
31ST JULY 2025
|**NOTES**
**FIXED ASSETS**
Tangible Assets
**3**
**CURRENT ASSETS**
Cash at Bank
CREDITORS: Short-term
**4**
**NET CURRENT ASSETS/(LIABILITIES)**
CREDITORS: Long-term
**5**
**TOTAL NET CURRENT ASSETS/(LIABILITIES)**
**RESERVES**
General Funds
**6**|159,040|**2025**
£
**0**
158,440
(12,169)|146,998|**2024**
£
**0**
146,498
(6,468)|
|---|---|---|---|---|
||159,040
(600)||146,998
(500)||
||||||
|||**146,271**||**140,030**|
|||146,271||140,030|
|||**146,271**||**140,030**|
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 2025.
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 23rd April 2026, and signed on their behalf by the trustees:
## Name of Trustee: **Fr. Marius Constantin Stavar**
Signature:
Date: 17th April 2025.
**Page 5**
NOTES TO THE ACCOUNTS
31ST JULY 2025
## **THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY**
## **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:
Office Equipment 25% at reducing balance **2. EMPLOYEES: 2025 2024** Average number of employees during the period **0 0**
.
**Page 6**
## **THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY**
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED
31ST JULY 2025
|**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|**2025**
**2024**
**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**|
|||600
500|
|||**600**
**500**|
|||**12,169**
**6,468**|
|||140,030
117,279
6,241
22,751|
|||**146,271**
**140,030**|
**Page 7**
## **THREE HOLY HIERARCHS ROMANIAN ORTHODOX COMMUNITY**
## STATEMENT OF FINANCIAL ACTIVITIES
31ST JULY 2025
|**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
23,071|**2025**
**2024**
£
£
23,071
36,926
(16,830)
(14,175)|
|---|---|---|
|||**6,241**
**22,751**|
|||TOTAL
TOTAL
Funds
Funds
**£**
**£**
23,071
36,926|
||**0**
**23,071**|**23,071**
**36,926**|
||0
9,030
0
1,000|9,030
7,175
1,000
0|
||**0**
**10,030**|**10,030**
**7,175**|
||0
5,600
0
100
0
0
0
0
0
0
0
500
0
0
0
600|5,600
5,600
100
100
0
0
0
0
0
0
500
500
0
0
600
800|
||**0**
**6,800**|**6,800**
**7,000**|
**Page 8**