REGISTERED COMPANY NUMBER. Nt632538 (Northern Ireland) REGISTERED CHARITY Nu1BER. 104517 ort Of the Trustees and Unaudlted Flna elal Statements for the Year Ended 31 Jul 2024 for Pro ect Romania R Savag¢ & Company Accountants & Taxation Consultants Old Bank House 2 Crossgar Road Sainle1d Ballynahinch Co. Down BT24 7BD
Pro eLt RomaThia CoDtents of the Financial Statements for the Year Ended 31 Jul 2024 Page Report of the Trustees Independent Examlner's Report ststement of Ffinandal Aelmtles Balance Sheet Notes to the Financial Statements Detailed Statement of Flnanefial Aetlvltles
Pro ect Romania ort of the Trustee5 for the Yeai. Ended 31 Julv 2024 The trustees who are also directors of the charlty for th¢ purposes of the Companies Act 2006, present their report with th¢ financial statements of the charity for the year ended 31 July 2024. The trnstses have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitles preparing their accounts irn accordan¢e with the Financial ReportAng Standard applicable in th¢ UK and Republic of Ireland (FRS 102) (effective l January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing documenL a deed of tnt, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1632538 (Northern Ireland) Registered Charity number 104517 Registered office 20 Thornburn Road N¢wtownabbey Co. Antrijn BT36 7JA Trustees Mrs J Croker Mrs F Fam]er N Farnier S P W Wallace Company Secretary Independent Examlner R Savage & Company Accountancs & Taxation Consultants Old BaDk House 2 Crossgar Road SaintFi¢ld Ballynabinch Co. Down BT24 7BD Approved by order of the board of trustees on 4 October 2024 and signed on its behalf by: Mrs F Farn]¢r- Trust¢¢ Page I
Inde endeDt Examiner'5 Re ort to the Trustees of Pro ect Romania I report on the accounts of the cornpany for the year ended 31 July 2024, which are set out on pages three to eight. Respective responslbllfitles of eharity trustees and examiner As the charAty4s tntstees (and also the directors for the purposes of company law) you are responsible for the preparation of Éh¢ accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit und¢r company law and is eligible for independent examination. it is my responsibility to: examinc th¢ accounts under Section 65 of th¢ Charities Act follow the procedures laid down in the general Directions given by the Clwity Commission for Northern Ireland under Scction 65(9)(b) of the Charities Act state whether particular matters have come to my attcntion. Basis of the independent exan]iner's report I have eLqmin¢d your charity accounts as required under Section 65 of the Charities Act and tny examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charlties Act. The exatnination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving cause to believe: That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 That th¢ a¢¢ounts do not accord with thos¢ accounting records That the accounts do not comply with the accounting r¢quirem¢nts of Section 396 of the Companles Acl 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities pr¢paring their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland That there is flffther infornlation needed for a proper understanding of the accounts to be reached. Independent examiner's $tatsm¢nt I have completed my exanLinatAon and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the Directions of the Charity CommA&sion for Northern Ireland, I have found no matters that require drawing to your attention. Mrs Tracy Kearney R Savage & Cotnpany Accountants & Taxation Consultants Old Bank House 2 Crossgar Road Saillfficld Ballynahinch Co. Do) BT24 7BD 4 October 2024 Page 2
Pro e¢t Romanla StAtement of Finanelal Acdvitles for the Year EDded 31 Jul 2024 31.7.24 Unrestricted 31.7.23 Total fimds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 52,058 50.287 EXPENDITURE ON Charltable aCtItieS Romania Charity 69,821 47,896 NET INCOIKEI{EXPENDrruRE) (17,763) 2.391 RECONCILIATION OF FUNDS Total fimds brought forward 58.317 55.926 TOTAL FUNDS CARRIED FORWARD 40,554 58,317 The notes forni part of these fanciaL statem¢nts Page 3
Pro ect Romania Balanee Sheet 31 Jul 2024 31.7.24 Unrestricted fund 31.7.23 Total fidS Notes FIXED ASSETS Tangible assets 13.350 13,350 CURRENT ASSETS Cash at bank 27,204 44,967 NET CURRENf ASSETS 27,204 44,967 TOTAL ASSETS LESS CURRENT LIABILrrIES 40,554 58,317 NET ASSETS 40.554 58.317 FUNDS Unrestricted funds 40,554 58,317 TOTAL FUNDS 40,554 58,317 The charitsble company is entitl¢d to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024. TILe members hav¢ not required the company to obtsin an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006. The trust¢¢s acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that cotnply with Sections 386 and 387 of the Companies Act 2006 and preparing fmancial statements which give a tsve and fair vi¢w of the state of affairs of the charitable company as at th¢ end of each flnancial year and of its surplus or deficit for each financial year in accordance with th¢ requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to th¢ charitable company. (b) These financial statements have been prepared ill accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial slatements were approved by the Board of Trustees and authorised for issue on 4 October 2024 and were signed on its b¢half by.. F Farn]er- Trnste¢ The notes forn] part of these fanCIal statements Page 4
Pro ect RonI8 Note5 to the Financial Statements for the Year Ended 31 Jul 2024 ACCOUW[G POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan¢c with the Financial Reporting Standard applicable in the UK and R¢publi¢ of Ireland (FRS 102) (effective l January 2019),, Fillancial Reporting Standard 102 The Financial Reporting Standard applicable in th¢ UK and Republic of Ireland, and the Companies Act 2006. The fU]c1a1 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 income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or ConStntive obligation committing the charity to that expenditure. it is probable that a transfer of economtc benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has bc¢n classifLed under headings that aggregate all cost r¢lat¢d to th¢ cat¢gory. Where costs ¢atmot b¢ directly attributed to partÈ¢ular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end dafr are noted as a commitment but not accrned as eXpendIre. Tangible r]xed assets Depreciation is provided at the following annual rdtes in order to MTite off each asset over its estimated use1 life. Taxatlon The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the truste¢s. Restricted fimds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fidS are raised for particular restricfrd purposes. Furtber explanation of the natwe and puq)ose of each fid is included in the notes to th¢ fit}ela1 statements. TRUSTEES, RElruNERATIoN AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023. Trustees. expenses There were no trustees, expenses paid for the ¢nded 31 July 2024 nor for the year ended 31 July 2023. Page 5 continued...
'ect Romanla Notes to tbe Financlal Statements - condnued for the Year Ended 31 Jul 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 50.287 EXPENDrruRE ON Charitable activities Romania Charity 47,896 ET INCOME 2,391 RECONCILIATION OF FUNDS Total funds brought forward 55,926 TOTAL FUNDS CARRIED FORWARD 58,317 TAIYGIBLE FIXED ASSETS Motor v¢hi¢les COST At l August 2023 and 31 July 2024 13,350 NET BOOK VALUE At 31 July 2024 13,350 At 31 July 2023 13,350 MOVEMENT IN FUNDS Net movement in funds At 31.7.24 At 1.8.23 Unrestricted funds General fund 58,317 (17.763) 40.554 TOTAL FUNDS 58,317 (17.763) 40,554 Net movement in funds. included in th¢ above are as follows: Incoming resources Resources p¢nded Movement in fimds Unrestricted funds General fimd 52.058 (69,821) {17,763) TOTAL FUNDS 52.058 (69,821) (17,763) Page 6 continued...
Pro ect Romania Notes to tbe Financial Statements- eontlnued for the l'ear Ended 31 Jul 2024 MOVEMEwf IN FUNDS - contlnued Comparatlves for movement In funds Net movement in fun(Ls At 31.7.23 At 1.8.22 Unrestricted funds General fillMI 55,926 2.391 58,317 TOTAL FUNDS 55,926 2,391 58,317 Comparative net movement in fimds, included in the above are as follows: Incoming resources ReSOueS expended Movement An fidS Unrestrfcted funds General fund 50,287 (47,896) 2,391 TOTAL FUNDS 50.287 (47,896) 2,391 A current year 12 months al prior year 12 months conthined position is as follows: Net movement in funds At 31.7.24 At 1.8.22 Unrestricted funds General fund 55,926 (15,372) 40,554 TOTAL FUNDS 55.926 (15.372) 40.554 A current year 12 months and prior year 12 months combined net movement in funds, included in the above 2re as follows: Incoming resources Resources expended Movement in funds Unrestricted funds G¢n¢ral fimd 102,345 (117,717) (15,372) TOTAL FUNDS 102,345 (117,717) (15.372) Page 7 continued...
Pro ect Romanla Notes to the FinaDeial Statements - contlnued for the YeAr Ended 31 Jul 2024 RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 July 2024. Page 8
Pro ect Romania Detailed Statement of Flnanclal Activities for the Year Ended 31 Jul 2024 31.7.24 31.7.23 INCOME AND ENDOWMENTS Donadons and legacles Donations 52,058 50.287 Total incoming resources 52,058 50,287 EXPENDITURE Charitable activities Volunteers expenses Haulag6 Grants to institutions Grants to individuals 4,800 5.240 51,455 3.000 4,800 5.100 29,878 3.000 64,495 42,778 Support costs Management Postage and stationery Advertising Sundries Trav¢1 Motor Expenses 43 244 1,023 647 2,491 loo 338 2,002 2,216 4,662 4,448 Ffinanee Bank charges 124 142 Govenlance eosts Accountancy and legal fees 540 528 Total resources expended 69,821 47,896 Net (expenditure)Aneome (17,763) 2,391 This page does not form part of the statutory financiaI statements Page 9