FILE COPY REGISTERED COMPANY NUMBER: N1632538 (Northern Treland) REGISTERED CHARITY NUMBER: 104517 ort of the Trustees and Unaudlted Flnanclal Statements for the Year End¢d 31 Jul 2023 for Pro ect Romania R Savage & Company Accountants & Taxation Consultants Old Bank House 2 Cro&sgar Road Saintfield Ballynabinch Co. Dow] BT24 7BD
Pro ect Romania ConteDts of the Flnancfial Statements for the Year Ended 31 Jul 2023 Page Report of the Trustees Statement of Financi21 Activldes Balall¢¢ Sheet Notes to the FillgDcial Statements 4 to 7 Detailed Statement of Financial Activltles
Pro ect Romania ort of the Trustees for the Year Ended 31 Julv 2023 The trustees who ar¢ also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of R¢¢ommended Practice applicable to charities preparing their accounts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). STRUCTURE, GOVERNANCE AND MAI¥AGEMENT Governfing docMnTrent The charlty is controlled by its governlng documenL a deed of trust, and constitutes a limitd company, limited by guaranfre, as d¢fin¢d by the Companies Act 2006. REVERENCE AND ADMINISTRATtVE DETAILS Reglstered Company number N1632538 (Northern Ireland) Regfistered Charlty number 104517 Registered office 20 Thornburn Road Newtownabbey Co. Antrim BT36 7JA Trustees Mrs J Croker Mrs F Farmer N Fanner S P W Wallace Company Se¢r¢tary Approved by order of the board of trustees on 2 October 2023 and signed on its behalf by: Mrs F Famier - Trustee Page I
Pro ect Romanla Statement of Financial Activities for the Year Ended 31 Julv 2023 31.7.23 Unrestricted nd 31.7.22 Total funds Notes INCOME AND ENDOwmEs FROM Donations and legacies 50287 66.067 EXPENDITURE ON Raising fimds Charitable activities Romania Charity 47.896 66.976 Total 47.896 67,090 NET tNCOMEI(EXPENDITURE) 2.391 (1,023) RECONCILIATION OF FUNDS Total fldS brought forward 55.926 56,949 TOTAL FUNDS CARRIED FORWARD 58,317 55,926 The notes forni part of these financial statetnents Page 2
Pro ect Romania Balance Sheet 31 Jul 2023 31.7.23 Unrestricted fund 31.7.22 Total fijnds Notes FtXED ASSETS Tangibl¢ assets 13.350 13,350 CURRENT ASSETS Cash at bank 44.967 42,576 NET CURRENT ASSETS 44.967 42,576 TOTAL ASSETS LESS CURRENT LIABILTrtES 58.317 55.926 NET ASSETS 58,317 55,926 FUNDS Unrestricted fidS 58,317 55.926 TOTAL FUNDS 58,317 55,926 The charitable company is entitled to exemption from audlt under Section 477 of the Companies Act 2006 for the yffdr ended 31 July 2023. The members have not required the company to obtain an audit of its fllmncial Statellnts for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable Company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the stste of affairs of the charitable company as at the end of each flnancial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial stafrments, so far as applicable to the charitable company. (b) These financial statements have been prepared in accordance with the provisions applicable to charitable companies subjcct to the small companies regime. The financial statements were approved by the Board of Ttee$ and authorised for A&sue on 2 October 2023 and were signed on its behalf by: F Farnier- Trustee The notes forni part of these financial statements Page 3
Pro ett Romania Notes to the Financial Statements ror the Year Ended 31 Julv 2023 AcCOU7NG POLICIES Basis of preparing the financlal statements The financial statements of the charitable company, which is a publlc benefjt entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Prdctice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fanCial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the incon]e will be receiv¢d and the amount can be measured reliably. Expelldithre Liabilities are recognised as expenditure as soon as there is a legal or constructivc obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is ac¢ount¢d for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs ¢anoot be directly attributed to particular headings they have been allocated to activitles on a basis Consistent with the us¢ of r¢sources. Grants offered subject to conditions which have not been mel at the year end dafr are noted as a commitment but not accrued as expenditure. Tangfible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful Ilfe. Taxation The charity As exempt from corporation tsx on Its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charltable objectives at the discretion of the trustees. Restrlctrd fidS can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted pUoses. Further explanation of the natt¢ and pu0$¢ of each fund is included in the notes to the fancIaL statements. Page 4 continued...
ect Romania Notes to the Flnanclal Sta¢em¢nts - continued for the l'ear Ended 31 Jul 2023 RAlStNG FUNDS Raislng donations and legacles 31.7.23 31.7.22 Support costs 114 TRUSTEES, REMUNERA TION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022. Trustees, expense5 The were no trustees, expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022. COMPARATTVES FOR THE STATEMENT OF FtNANCIAL ACTtVlTIES Unre5tri¢ted fund INCOME AND ENDOWMENTS FROM Donations and legacies 66,067 EXTENDITURE ON Raising funds Charitable actlvltles ROnnia Charity 66,976 Total 67,090 NET INCOmEI(EXPENDURE) (1,023) RECONCILIATtON OF FUNDS Total funds brought forward 56,949 TOTAL FUNDS CARRIED FORWARD 55.926 TANGIBLE FtXED ASSETS Motor vehicles COST At l August 2022 and 31 July 2023 13,350 NET BOOK VALUE At 31 July 2023 13.350 At 31 July 2022 13,350 Page 5 continued...
Pro ect Romania Notes to the Ffinanclal Statements - continued for the Year Ended 31 Jul 2023 MOVEME IN FUNDS Net movement An fid$ At 31.7.23 At 1.8.22 Unrestrlcted funds General fimd 55.926 2,391 58,317 TOTAL FUNDS 55,926 2,391 58,317 Net mov¢tn¢nt in funds. included in the above arc as follows.. Incoming resources Resource5 expended Movemcnt in funds Unrestricted funds G¢n¢ral fund 50.287 (47,896) 2,391 TOTAL FUNDS 50.287 (47.896) 2.391 Comparatives for movement in funds Net movement in fimds At 31.7.22 At 1.8.21 Unrestrfeted funds General fund 56,949 (1,023) 55,926 TOTAL FUNDS 56.949 (1,023) 55,926 Comparative net movement in fimds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Gen¢ral fund 66,067 (67.090) (1,023) TOTAL FUNDS 66.067 (67.090) (1,023) Page 6 continued...
Pro ect RomanTa Notes to the FlnaDelal Statements - continued for the Year Ended 31 Jul 2023 MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.7.23 At 1.8.21 Unrestricted fund5 General fimd 56,949 1,368 58,317 TOTAL FUNDS 56,949 1,368 58,317 A current year 12 months and prior year 12 months combined net llVe¢nt in fijnds, included in the above are as follows". Incoming resources Resources expended Movement in funds Unrestricted funds General fund 116,354 (114.986) 1,368 TOTAL FUNDS 116.354 (114,986) 1.368 RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 July 2023. Page 7
Pro ect Romania Detailed Statement of FIDancial Actlvities for the Year Ended 31 Jul 2023 31.7.23 31.7.22 INCOME AND ENDOIVMENTS Donations and legacles Gifts Donations 50,287 66,066 50,287 66,067 Total incomlng resources 50,287 66,067 EXPENDrruRE Charltable activities Volunteers expenses Haulage Grants to institutions Grants to individuals 4,800 5,100 29,878 3,000 4,800 9,940 42.504 3,000 42,778 60,244 Support costs Management Telephone Postage and stationery Advertising Sundries Travel Motor Expenses 105 298 1,445 852 1.331 2.233 43 244 1,023 647 2,491 4,448 6,264 Flnance Bank charg¢s 142 114 Governance costs Accountancy and legal fees 528 468 Total resources expended 47,896 67,090 Net Incomel(expendfture) 2,391 11,023) This page does not forni part of the statutory financial statements Page 8