## **Saint Paraskeva Romanian Orthodox Church**
**Charity No: 1196548**
**Trustees’ Report and Unaudited Accounts**
**31 March 2025**
1
## **Saint Paraskeva Romanian Orthodox Church**
## **Contents**
|||Pages|
|---|---|---|
|Trustees’ Annual Report||3-4|
|Independent Examiner’s Report||5|
|Statement of Financial Actvites||6|
|Balance Sheet||7|
|Notes to the Accounts||8-11|
|Detailed Statement of Financial Actvity||12-16|
2
## **Saint Paraskeva Romanian Orthodox Church**
## **Trustee’s Annual Report**
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025
**Reference and Administrative Details Charity No. 1196548 Principal Office** 18 Colebrook Road Plympton Plymouth Devon PL7 4AA
## **Trustees**
The following trustees served during the year: Rev Adrian Ion Juganaru Manuela Bejnariu Nelu-Marian Pristavu
## **Accountants**
Greenscombe Accounting Ltd April Sunset Latchley Gunnislake Cornwall PL18 9AX
## **Objectives and Activities**
The role of the Charity is the provision and maintenance of an Orthodox Church within Plymouth for the Romanian community of Devon and Cornwall.
3
## **Saint Paraskeva Romanian Orthodox Church**
## **Trustee’s Annual Report**
## **Achievements and Performance**
The Church provides a focal building and community space for the Romanian community within Devon and Cornwall. The charity have managed to complete the purchase of the Church during this financial year. We are now in position to build funds to continue to development of the church to establish its position within the local community.
## **Statement of trustees’ responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing the trustees' annual report and financial statements in accordance with applicable law and UK Accounting Standards (United Kingdom Generally Accepted Accounting Practice)
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charites Act 2011, the applicable Charities (Accounts and Reports) regulations, and the provisions of the Trust deed. The trustees are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity’s trustees.
Rev Adrian Ion Juganaru Trustee 18[th] July 2025
4
## **Saint Paraskeva Romanian Orthodox Church**
## **Independent Examiner’s Report**
## **Independent Examiner’s Report to the trustees of Saint Paraskeva Romanian Orthodox Church**
I report to the trustees on my examination of the financial statements of Saint Paraskeva Romanian Orthodox Church for the year ended 31 March 2025, which comprises the Statement of Financial Activities, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the charity’s trustees, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the act’). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an Independent Examination is needed.
I report in respect of my examination of the charity’s financial statements 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. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
- The accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- The financial statements do not accord with those records; or
- The financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) regulations 2008, other than any requirement that the financial statements 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 financial statements to be reached.
Jonathan Lambert (MICB) 18[th] July 2025
## Greenscombe Accounting Ltd
April Sunset, Latchley, Gunnislake, Cornwall, PL18 9AX
5
## **Saint Paraskeva Romanian Orthodox Church**
## **Statement of Financial Activities**
**For the year ended 31 March 2025**
|**Notes**
**Income and endowments**
**from:**
Other trading actvites
3
Other
4
**Total**
**Expenditure on:**
Other
5
**Total**
Net gains on investments
**Net (expenditure)/income**
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
Other gains and losses
**Net movement in funds**
**Reconciliaton of funds:**
Total funds brought
forward
**Total funds carried forward**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
-
9516
275791
285307
11286|
|---|---|
||9516
275791
285307
11286
18067
287791
305858
15077|
||18067
287791
305858
15077
-
-
-
-|
||(8551)
(12000)
(20551)
(3791)
-
-
-
-|
||(8551)
(12000)
(20551)
(3791)
-
-
-
-|
||(8551)
(12000)
(20551)
(3791)
679
-
-
4070|
||(7872)
(12000)
(19872)
279|
6
## **Saint Paraskeva Romanian Orthodox Church**
## **Balance Sheet at 31 March 2025**
## **Charity No. 1196548**
|**Notes**
**Fixed Assets**
Church – Colebrook Road
**Current Assets**
Cash at bank and in hand
Prepayments
**Current Liabilites**
Creditors: Amount falling due within one year
7
**Net Current Assets**
**Total Assets less Current Liabilites**
**Net Assets excluding pension asset or liability**
**Total Net Assets**
**The funds of the Charity**
**Restricted Funds**
10
None
**Unrestricted Funds**
General Funds
**Reserves**
10
Church @ Valuaton
**Total Funds**|**2025**
**2024**
**£**
**£**
150000
-|
|---|---|
||150000
-
24
679
-
-|
||24
679
12000
400|
||138024
279|
||138024
279|
||138024
279|
||138024
279|
||(12000)
-
24
279
-
-
150000|
||138024
279|
Approved by the trustees 18[th] July 2025 and signed on their behalf by:
Rev Adrian Ion Juganaru (Trustee)
18[th] July 2025
7
## **Saint Paraskeva Romanian Orthodox Church**
## **Notes to the Accounts**
**For the year ended 31 March 2025**
1. Accounting Policies
## Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts.
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
|Fund Accountng||
|---|---|
|Unrestricted funds:|These are available for use at the discreton of the trustees in|
||furtherance of the general objectves of the charity.|
|Restricted funds:|These are available for use subject to restrictons imposed by the|
||donor or through terms of an appeal.|
|Designated funds:|These are unrestricted funds earmarked by the trustees for|
||partcular purpose.|
|Revaluaton funds:|These are unrestricted funds which include a revaluaton reserve|
||representng the restatement of investment assets at their market|
||value.|
|Income||
|Recogniton of income:|Income is included in the Statement of Financial Actvites (SoFA)|
||when the charity becomes enttled to, and virtually certain to|
||receive, the income and the amount of the income can be measured|
||with sufcient reliability.|
|Income with related||
|Expenditure:|Where income has related expenditure, the income and related|
||expenditure is reported gross in the SoFA.|
|Donatons & Legacies:|Voluntary income received by way of grants, donatons and gifs is|
||included in the SoFA when receivable and only when the Charity has|
||unconditonal enttlement to the income.|
|Tax reclaims on||
|Donatons and gifs:|Income from tax reclaims is included in the SoFA at the same tme|
||as the gif/donaton to which it relates.|
8
## **Saint Paraskeva Romanian Orthodox Church**
## **Notes to the Accounts**
Donated Services and facilities:
Volunteer Help: Investment Income: Gains/(losses) on Revaluation of fixed Assets:
Gains/(losses) on Investment assets:
These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material.
The value of any volunteer help is not recorded in the accounts. This is included in the accounts when receivable.
This includes any gain or loss resulting from revaluing investments to market value at the end of the year.
This includes any gain or loss on the sale of investments.
## **Expenditure**
Recognition of Expenditure: Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Expenditure on raising funds: These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs. Expenditure on Charitable Activities: These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objectives, including the making of grants and governance costs. Grants payable: All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs: These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure: These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities
## **Freehold Investment Property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains and losses are taken to the Statement of Financial Activities as they arise.
9
## **Saint Paraskeva Romanian Orthodox Church**
## **Notes to the Accounts**
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other Creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds 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 settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign Currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are considered in arriving at net income/expenditure.
10
## **Saint Paraskeva Romanian Orthodox Church**
## **Notes to the Accounts**
## **Leased Assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straightline basis.
## **Pension Costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
11
## **Saint Paraskeva Romanian Orthodox Church**
## **Notes to the Accounts**
2. Statement of Financial Activites – prior year
|**Income and endowments**
**from:**
Other trading actvites
Other
**Total**
**Expenditure on:**
Other
**Total**
Net gains on investments
**Net (expenditure)/income**
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
Other gains and losses
**Net movement in funds**
**Reconciliaton of funds:**
Total funds brought
forward
**Total funds carried forward**|**Unrestricted**
**Funds**
**Total**
**Funds**
**2024**
**2024**
**£**
**£**
-
-
11286
11286|
|---|---|
||11286
11286
15077
15077|
||15077
15077
-
-|
||(3791)
(3791)
-
-|
||(3791)
(3791)
-
-|
||(3791)
(3791)
-
-|
||(3791)
(3791)|
12
## **Saint Paraskeva Romanian Orthodox Church**
## **Notes to the Accounts**
## **3. Income from other trading activities**
|Trading Actvity
**Total**|**Unrestricted**
**Restricted**
**Total**
**Total**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
-
-
-|
|---|---|
||-
-
-
-|
## **4. Other Income**
|Donatons
Grants/Loans for purchase
**Total**|**Unrestricted**
**Restricted**
**Total**
**Total**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
9516
-
9516
11286
-
275791
275791
-|
|---|---|
||9516
275791
285307
11286|
## **5. Other expenditure**
|Premises costs
Utlites
Motor Expenses & Travel
General Administratve
costs
Legal & Professional Fees
**Total**|**Unrestricted**
**Restricted**
**Total**
**Total**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
3504
287791
7780
7780
-
-
-
300
3109
-
1053
1053
7187
-
5144
5144
4267
-
800
800|
|---|---|
||18067
287791
305858
15077|
**6. Staff Costs**
No employee received emoluments.
13
## **Saint Paraskeva Romanian Orthodox Church**
**Notes to the Accounts**
## **7. Creditors**
|Loanee for Church
Accruals
**Total**|**2025**
**2024**
**£**
**£**
12000
-
400|
|---|---|
||12000
400|
## **8. Movement of funds**
|Restricted Funds
Unrestricted Funds
**Total**|**At 1**
**April**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**March**
**25**
**£**
**£**
**£**
**£**
-
275791
287791
(12000)
(3791)
9516
18067
(12342)|
|---|---|
||(3791)
285307
305858
(24342)|
## **9. Analysis of net assets between funds**
|Net current assets
**Total**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**£**
**£**
**£**
24
-
24|
|---|---|
||24
-
24|
## **10. Reconciliation of net debt**
|Cash and cash equivalents
**Net Debt**|**At 1**
**April**
**2024**
**Cash Flows**
**At 31**
**March**
**25**
**£**
**£**
**£**
679
(12342)
(11663)|
|---|---|
||679
(12342)
(11663)|
14
## **Saint Paraskeva Romanian Orthodox Church**
## **Detailed Statement of Financial Activities**
**For the year ended 31 March 2025**
|**Income and endowments from:**
Other trading actvites
Trading Actvity
Other
Donatons Received
Misc Income
**Total**
**Expenditure on:**
Other
Light, Heat, Power
Utlites, Water
Repairs and Maintenance
Rates
**Total**
Administratve costs
Promoton
Travel
Motor Expenses
Sundry Expenses
**Total**
Legal and Professional Costs
Legal Fees
Independent Examinaton
Accountancy and Bookkeeping
**Total**
**Total**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
-
-
-
-
9516
-
9516
11286
-
275791
275791
-|
|---|---|
||9516
275791
285307
11286
2419
-
2419
6610
-
-
-
300
1085
-
1085
1471
-
-
-
-|
||3504
-
3504
8381|
||3401
-
3401
873
1246
-
1246
148
1862
-
1862
905
3787
-
3787
3970|
||10296
-
10296
5896|
||3867
-
3867
400
300
-
300
300
100
-
100
100|
||4267
-
4267
800|
|||
||18067
287791
305858
15077|
15
|Net gains on investments
**Net (expenditure)/income**
Transfers between funds
**Net (expenditure)/income before**
**other gains/(losses)**
Other gains and losses
**Net movement in funds**
**Reconciliaton of funds:**
Total funds brought forward
**Total funds carried forward**|-
-
-
-|
|---|---|
||(8551)
(12000)
(20551)
(3791)
-
-
-
-|
||(8551)
(12000)
(20551)
(3791)
-
-
-
-|
||(8551)
(12000)
(20551)
(3791)
-
-
-
-|
||(8551)
(12000)
(20551)
(3791)|
16
## **Saint Paraskeva Romanian Orthodox Church**
**Charity No: 1196548**
**Trustees’ Report and Unaudited Accounts**
**31 March 2025**
1
## **Saint Paraskeva Romanian Orthodox Church**
## **Contents**
|||Pages|
|---|---|---|
|Trustees’ Annual Report||3-4|
|Independent Examiner’s Report||5|
|Statement of Financial Actvites||6|
|Balance Sheet||7|
|Notes to the Accounts||8-11|
|Detailed Statement of Financial Actvity||12-16|
2
## **Saint Paraskeva Romanian Orthodox Church**
## **Trustee’s Annual Report**
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025
**Reference and Administrative Details Charity No. 1196548 Principal Office** 18 Colebrook Road Plympton Plymouth Devon PL7 4AA
## **Trustees**
The following trustees served during the year: Rev Adrian Ion Juganaru Manuela Bejnariu Nelu-Marian Pristavu
## **Accountants**
Greenscombe Accounting Ltd April Sunset Latchley Gunnislake Cornwall PL18 9AX
## **Objectives and Activities**
The role of the Charity is the provision and maintenance of an Orthodox Church within Plymouth for the Romanian community of Devon and Cornwall.
3
## **Saint Paraskeva Romanian Orthodox Church**
## **Trustee’s Annual Report**
## **Achievements and Performance**
The Church provides a focal building and community space for the Romanian community within Devon and Cornwall. The charity have managed to complete the purchase of the Church during this financial year. We are now in position to build funds to continue to development of the church to establish its position within the local community.
## **Statement of trustees’ responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing the trustees' annual report and financial statements in accordance with applicable law and UK Accounting Standards (United Kingdom Generally Accepted Accounting Practice)
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charites Act 2011, the applicable Charities (Accounts and Reports) regulations, and the provisions of the Trust deed. The trustees are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity’s trustees.
Rev Adrian Ion Juganaru Trustee 18[th] July 2025
4
## **Saint Paraskeva Romanian Orthodox Church**
## **Independent Examiner’s Report**
## **Independent Examiner’s Report to the trustees of Saint Paraskeva Romanian Orthodox Church**
I report to the trustees on my examination of the financial statements of Saint Paraskeva Romanian Orthodox Church for the year ended 31 March 2025, which comprises the Statement of Financial Activities, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the charity’s trustees, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the act’). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an Independent Examination is needed.
I report in respect of my examination of the charity’s financial statements 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. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
- The accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- The financial statements do not accord with those records; or
- The financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) regulations 2008, other than any requirement that the financial statements 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 financial statements to be reached.
Jonathan Lambert (MICB) 18[th] July 2025
## Greenscombe Accounting Ltd
April Sunset, Latchley, Gunnislake, Cornwall, PL18 9AX
5
## **Saint Paraskeva Romanian Orthodox Church**
## **Statement of Financial Activities**
**For the year ended 31 March 2025**
|**Notes**
**Income and endowments**
**from:**
Other trading actvites
3
Other
4
**Total**
**Expenditure on:**
Other
5
**Total**
Net gains on investments
**Net (expenditure)/income**
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
Other gains and losses
**Net movement in funds**
**Reconciliaton of funds:**
Total funds brought
forward
**Total funds carried forward**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
-
9516
275791
285307
11286|
|---|---|
||9516
275791
285307
11286
18067
287791
305858
15077|
||18067
287791
305858
15077
-
-
-
-|
||(8551)
(12000)
(20551)
(3791)
-
-
-
-|
||(8551)
(12000)
(20551)
(3791)
-
-
-
-|
||(8551)
(12000)
(20551)
(3791)
679
-
-
4070|
||(7872)
(12000)
(19872)
279|
6
## **Saint Paraskeva Romanian Orthodox Church**
## **Balance Sheet at 31 March 2025**
## **Charity No. 1196548**
|**Notes**
**Fixed Assets**
Church – Colebrook Road
**Current Assets**
Cash at bank and in hand
Prepayments
**Current Liabilites**
Creditors: Amount falling due within one year
7
**Net Current Assets**
**Total Assets less Current Liabilites**
**Net Assets excluding pension asset or liability**
**Total Net Assets**
**The funds of the Charity**
**Restricted Funds**
10
None
**Unrestricted Funds**
General Funds
**Reserves**
10
Church @ Valuaton
**Total Funds**|**2025**
**2024**
**£**
**£**
150000
-|
|---|---|
||150000
-
24
679
-
-|
||24
679
12000
400|
||138024
279|
||138024
279|
||138024
279|
||138024
279|
||(12000)
-
24
279
-
-
150000|
||138024
279|
Approved by the trustees 18[th] July 2025 and signed on their behalf by:
Rev Adrian Ion Juganaru (Trustee)
18[th] July 2025
7
## **Saint Paraskeva Romanian Orthodox Church**
## **Notes to the Accounts**
**For the year ended 31 March 2025**
1. Accounting Policies
## Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts.
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
|Fund Accountng||
|---|---|
|Unrestricted funds:|These are available for use at the discreton of the trustees in|
||furtherance of the general objectves of the charity.|
|Restricted funds:|These are available for use subject to restrictons imposed by the|
||donor or through terms of an appeal.|
|Designated funds:|These are unrestricted funds earmarked by the trustees for|
||partcular purpose.|
|Revaluaton funds:|These are unrestricted funds which include a revaluaton reserve|
||representng the restatement of investment assets at their market|
||value.|
|Income||
|Recogniton of income:|Income is included in the Statement of Financial Actvites (SoFA)|
||when the charity becomes enttled to, and virtually certain to|
||receive, the income and the amount of the income can be measured|
||with sufcient reliability.|
|Income with related||
|Expenditure:|Where income has related expenditure, the income and related|
||expenditure is reported gross in the SoFA.|
|Donatons & Legacies:|Voluntary income received by way of grants, donatons and gifs is|
||included in the SoFA when receivable and only when the Charity has|
||unconditonal enttlement to the income.|
|Tax reclaims on||
|Donatons and gifs:|Income from tax reclaims is included in the SoFA at the same tme|
||as the gif/donaton to which it relates.|
8
## **Saint Paraskeva Romanian Orthodox Church**
## **Notes to the Accounts**
Donated Services and facilities:
Volunteer Help: Investment Income: Gains/(losses) on Revaluation of fixed Assets:
Gains/(losses) on Investment assets:
These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material.
The value of any volunteer help is not recorded in the accounts. This is included in the accounts when receivable.
This includes any gain or loss resulting from revaluing investments to market value at the end of the year.
This includes any gain or loss on the sale of investments.
## **Expenditure**
Recognition of Expenditure: Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Expenditure on raising funds: These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs. Expenditure on Charitable Activities: These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objectives, including the making of grants and governance costs. Grants payable: All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs: These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure: These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities
## **Freehold Investment Property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains and losses are taken to the Statement of Financial Activities as they arise.
9
## **Saint Paraskeva Romanian Orthodox Church**
## **Notes to the Accounts**
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other Creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds 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 settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign Currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are considered in arriving at net income/expenditure.
10
## **Saint Paraskeva Romanian Orthodox Church**
## **Notes to the Accounts**
## **Leased Assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straightline basis.
## **Pension Costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
11
## **Saint Paraskeva Romanian Orthodox Church**
## **Notes to the Accounts**
2. Statement of Financial Activites – prior year
|**Income and endowments**
**from:**
Other trading actvites
Other
**Total**
**Expenditure on:**
Other
**Total**
Net gains on investments
**Net (expenditure)/income**
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
Other gains and losses
**Net movement in funds**
**Reconciliaton of funds:**
Total funds brought
forward
**Total funds carried forward**|**Unrestricted**
**Funds**
**Total**
**Funds**
**2024**
**2024**
**£**
**£**
-
-
11286
11286|
|---|---|
||11286
11286
15077
15077|
||15077
15077
-
-|
||(3791)
(3791)
-
-|
||(3791)
(3791)
-
-|
||(3791)
(3791)
-
-|
||(3791)
(3791)|
12
## **Saint Paraskeva Romanian Orthodox Church**
## **Notes to the Accounts**
## **3. Income from other trading activities**
|Trading Actvity
**Total**|**Unrestricted**
**Restricted**
**Total**
**Total**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
-
-
-|
|---|---|
||-
-
-
-|
## **4. Other Income**
|Donatons
Grants/Loans for purchase
**Total**|**Unrestricted**
**Restricted**
**Total**
**Total**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
9516
-
9516
11286
-
275791
275791
-|
|---|---|
||9516
275791
285307
11286|
## **5. Other expenditure**
|Premises costs
Utlites
Motor Expenses & Travel
General Administratve
costs
Legal & Professional Fees
**Total**|**Unrestricted**
**Restricted**
**Total**
**Total**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
3504
287791
7780
7780
-
-
-
300
3109
-
1053
1053
7187
-
5144
5144
4267
-
800
800|
|---|---|
||18067
287791
305858
15077|
**6. Staff Costs**
No employee received emoluments.
13
## **Saint Paraskeva Romanian Orthodox Church**
**Notes to the Accounts**
## **7. Creditors**
|Loanee for Church
Accruals
**Total**|**2025**
**2024**
**£**
**£**
12000
-
400|
|---|---|
||12000
400|
## **8. Movement of funds**
|Restricted Funds
Unrestricted Funds
**Total**|**At 1**
**April**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**March**
**25**
**£**
**£**
**£**
**£**
-
275791
287791
(12000)
(3791)
9516
18067
(12342)|
|---|---|
||(3791)
285307
305858
(24342)|
## **9. Analysis of net assets between funds**
|Net current assets
**Total**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**£**
**£**
**£**
24
-
24|
|---|---|
||24
-
24|
## **10. Reconciliation of net debt**
|Cash and cash equivalents
**Net Debt**|**At 1**
**April**
**2024**
**Cash Flows**
**At 31**
**March**
**25**
**£**
**£**
**£**
679
(12342)
(11663)|
|---|---|
||679
(12342)
(11663)|
14
## **Saint Paraskeva Romanian Orthodox Church**
## **Detailed Statement of Financial Activities**
**For the year ended 31 March 2025**
|**Income and endowments from:**
Other trading actvites
Trading Actvity
Other
Donatons Received
Misc Income
**Total**
**Expenditure on:**
Other
Light, Heat, Power
Utlites, Water
Repairs and Maintenance
Rates
**Total**
Administratve costs
Promoton
Travel
Motor Expenses
Sundry Expenses
**Total**
Legal and Professional Costs
Legal Fees
Independent Examinaton
Accountancy and Bookkeeping
**Total**
**Total**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
-
-
-
-
9516
-
9516
11286
-
275791
275791
-|
|---|---|
||9516
275791
285307
11286
2419
-
2419
6610
-
-
-
300
1085
-
1085
1471
-
-
-
-|
||3504
-
3504
8381|
||3401
-
3401
873
1246
-
1246
148
1862
-
1862
905
3787
-
3787
3970|
||10296
-
10296
5896|
||3867
-
3867
400
300
-
300
300
100
-
100
100|
||4267
-
4267
800|
|||
||18067
287791
305858
15077|
15
|Net gains on investments
**Net (expenditure)/income**
Transfers between funds
**Net (expenditure)/income before**
**other gains/(losses)**
Other gains and losses
**Net movement in funds**
**Reconciliaton of funds:**
Total funds brought forward
**Total funds carried forward**|-
-
-
-|
|---|---|
||(8551)
(12000)
(20551)
(3791)
-
-
-
-|
||(8551)
(12000)
(20551)
(3791)
-
-
-
-|
||(8551)
(12000)
(20551)
(3791)
-
-
-
-|
||(8551)
(12000)
(20551)
(3791)|
16
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
|**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**|Saint Paraskeva Romanian Orthodox Church|Saint Paraskeva Romanian Orthodox Church|Saint Paraskeva Romanian Orthodox Church|
|---|---|---|---|
|||||
||31/03/2025|**Charity**
**no (if**
**any)**|1196548|
|||||
||1-2|||
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2023. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** 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** I have completed my examination. I confirm that no material matters have **examiner's statement** 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 (Accounts and Reports) 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:** 18[th] July 2025
**Signed: Name:** Jonathan Lambert (MICB, PM.Dip) Institute of Certified Bookkeepers (ICB) Member 405918 **Relevant professional qualification(s) or body** ICB Practice Licence Number 22531 **(if any):**
1
**Oct 2018**
**IER**
2 Briston Orchard, St Mellion
## **Address:**
Saltash, Cornwall PL12 6RQ
## **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** .
2
**Oct 2018**
**IER**