**THE ROMANIAN ORTHODOX PARISH OF ST. JOHN THE BAPTIST AND ST. ALBAN** **CHARITY NUMBER: 1198253** **�����������������������������������������** **31/03/2023** ## **THE ROMANIAN ORTHODOX PARISH OF ST. JOHN THE BAPTIST AND ST. ALBAN** **TABLE OF CONTENTS ������������������������ Page 4 Statement of Financial Activities and Balance Sheet Page 5 ������������������������������ Page 7 Notes to the Accounts Page 9** ## **THE ROMANIAN ORTHODOX PARISH OF ST. JOHN THE BAPTIST AND ST. ALBAN** ## **�����������������������** **The Trustees present their reports of unaudited financial statements for the year end 31[st] of March 2023.** **Charity Number 1198253** **Charity Address** **St. Matthews Church Wenlock Street Luton LU2 0NN** **Trustees** **Rev Adrian (Ioan) Nazarcu Vasile Radasanu Michael Nobes** **Accountant Starx Accounting Limited The Maylands Building Hemel Hempstead Industrial Estate Hemel Hempstead HP2 7TG** ## **������������������������������������������THE 31/03/2023** ## **���������������������������** THE ROMANIAN ORTHODOX PARISH OF ST. JOHN THE BAPTIST AND ST. ALBAN (the Charity, the Church) aims to build a Christian Orthodox community in Luton, Bedfordshire by promoting Orthodox teachings and providing a place of worship under the leadership of Father Ioan Nazarcu. ���������������������������������������������������������������������������������������� Bedfordshire. ## **OBJECTIVES** The Charity is committed to enabling people to become part of our parish community through the religious services and events its organises where everyone is welcome to take part and to worship and pray, learn about Jesus and the Christian Orthodox faith and develop their knowledge and faith. ## **ACHIEVEMENTS** The Charity has now become well established in the local community. In the last year we have successfully welcomed more people into our church and our weekly service, which is held every Sunday from 9AM. We organise religious services during the week, in accordance with the Christian Orthodox festivals. The Church is generally open throughout the day and everyone is welcome to come in and pray. The Charity also helps the members of our community that are in need. We have a number of members who are registered disabled and they benefit from the input of other members within the community in their daily activities. Also, we have people who come to us to ask for food and we run various projects in order to support them as well. Our community contributes consistently towards the needs of the Bedford Food Bank. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The leader of our Church is Rev Father Ioan (Adrian) Nazarcu. Father Ioan is assisted by the trustees of the Church, who are Michael Nobes and Vasile Radasanu, in managing the day-to-day activities and to decide on important matters. The management team meets throughout the year, depending on the festivals of the church or other needs. A number of volunteers are assisting the management team in running the day-to-day activities and the help during the religious services and other events organised by the Church. There is buildings insurance in place at the premises. A Safeguarding Policy is also in place for the Charity premises. The Church is registered with the Thirtyoneeight (www.thirtyoneeighet.org) for extra safeguarding support. A Health & Safety policy is in place as well as a Fire Safety Policy making sure that everyone stepping our doorstep are safe. DBS checks are in place. The charity is also registered ������������������������������������������ (ICO). > Signed on: **16/9/24** Rev Father Ioan (Adrian) Nazarcu: ## **STATEMENT OF FINANCIAL ACTIVITIES AND BALANCE SHEET** ## **Income and Expenditure Statement** |**Income from Donations**
**Expenditure**
Goods for Offerings
Internet
Marketing Communications
Rent
Repairs and Maintenance
Utilities
Sundries
**Total Expenditure**

**Net Income**
**Balance Sheet as of 31 March 2023**
**Current Assets**
Cash at Bank
Cash in Hand
**Total Assets**

**Reserves**
Opening Balance as of 15/03/2022
Income for the year
**Total Funds Carried Forward**
Signed on:
Rev Father Ioan (Adrian) Nazarcu:
**16/9/24**|**£**
8,582
684
1,995
29,154
357
13,029
749|**£**
**73,866**
**54,509**| |---|---|---| ||
**67,267**
**19,357**|| |||**19,357**| |||**£**
**82,602**
**4,022**
**_____________**
**86,624**| ||**86,624**|| |||| **----- Start of picture text -----**
Statement of Financial Situation � Balance Sheet
Balance Sheet on 31 March 2023
Current Assets £
Cash at bank and in hand 86,624
Prepayments _
_____________
Current Liabilities
Creditors: Amount falling due within one year _
______________
Net Current Assets 86,624
______________
Total Assets less Current Liabilities
86,624
______________
Total Net Assets 86,624
______________
The funds of the Charity
Restricted Funds _
Unrestricted Funds 86,624
_____________
Reserves Total Funds 86,624
Signed on: 16/9/24
Rev Father Ioan (Adrian) Nazarcu:
**----- End of picture text -----**
**�������������������������������������������������THE ROMANIAN ORTHODOX PARISH OF ST. JOHN THE BAPTIST AND ST. ALBAN** ## **Charity Registration Number** : **1198253** ## **Report to the Trustees of The Romanian Orthodox Parish of St. John the Baptist and St. Alban** I have examined the financial statements of **The Romanian Orthodox Parish of St. John the Baptist and St. Alban** for the year ended **31/03/2023** as set below. This report is made ������������������������������������������������������������������������������������������������� 2011 and regulations made under section 154 of that Act. My work has been undertaken so �������������������������������������������������� matters I am required to state to them in an ��������������������������������������������������������To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the ������������������������������������������������������������� ## **Respective Responsibilities of Trustees and Examiner** ���������������������������������������������������������������������������������������������� ������������������������������������������������������������������������������������������������� year under section 144(2) of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to: 1. Examine the accounts under section 145 of the Charities Act, 2. To follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and 3. To state whether particular matters have come to my attention. ## **��������������������������������������** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, I do not express an audit opinion on the accounts. ## **��������������������������������** I have completed my examination and can confirm that no material issues have come to my attention that would cause me to believe that, in any significant respect: - The charity has not maintained accounting records as required by section 130 of the Charities Act 2011; or - The financial statements do not align with the accounting records; or - The financial statements fail to comply with the relevant requirements regarding their form and content as specified in the Charities (Accounts and Reports) Regulations 2008, except for any requirement that the financial statements present a 'true and fair' view, which is beyond the scope of an independent examination. Additionally, I have no concerns and have identified no other matters during my examination that need to be brought to attention in this report for a proper understanding of the financial statements. **��������������������** : **���������������** : Sinziana Raileanu Starx Accounting Limited ## **������������������** : The Maylands Building, Hemel Hempstead Industrial Estate, Hemel Hempstead, HP2 7TG **Date** : 16/09/2024 ## **NOTES TO THE ACCOUNTS OF THE ROMANIAN ORTHODOX PARISH OF ST. JOHN THE BAPTIST AND ST. ALBAN** ## **Accounting Policies** ## **Basis of Preparation** The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, and the Charities Act 2011. ## **Changes in Accounting Policies or Previous Accounts** There have been no changes to the accounting policies (valuation rules and accounting methods) since last year as the charity has been incorporated on the 15/03/2022. ## **Fund Accounting** - **Unrestricted Funds** : These funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. - **Restricted Funds** : These funds are subject to specific conditions imposed by donors or through the terms of an appeal. - **Designated Funds** : These are unrestricted funds earmarked by the trustees for particular purposes. - **Revaluation Funds** : These are unrestricted funds that include a revaluation reserve representing the restatement of investment assets at their market value. ## **Income** - **Recognition of Income** : Income is included in the Statement of Financial Activities (SoFA) when the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. - **Income with Related Expenditure** : Where income has related expenditure, the income and related expenditure are reported gross in the SoFA. - **Donations & Legacies** : Voluntary income received by way of grants, donations, and gifts is included in the SoFA when receivable and the charity have an unconditional entitlement to the income. - **Tax Reclaims on Donations and Gifts** : Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates. None of these apply to the charity. - **Donated Services and Facilities** : These are only included in income (with an equivalent amount in expenditure) where the benefit to the charity is reasonably quantifiable, measurable, and material. - **Volunteer Help** : The value of any volunteer help is not recorded in the accounts. - **Investment Income** : This is included in the accounts when receivable. - **Gains/Losses on Revaluation of Fixed Assets** : This includes any gain or loss resulting from revaluing investments to market value at the end of the year. - **Gains/Losses on Investment Assets** : This includes any gain or loss on the sale of investments. ## **Expenditure** - **Recognition of Expenditure** : Expenditure is recognized on an accrual 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 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.