2024 Russian Speaking Community Northern Ireland Annual Accounts report for the period ending June 30th, 2024 SVETLANA STALMACONOKA Pages Contents General Infonnation Annual Monitoring Return of Accounts Profit and Loss Balance sheet Notes to the Financial Statement Independent Exatniner's Retx)rt 202312024 RUSSIAN SPEAKING COMMUNITY NORTHERN IRELAND REG. NIC107128 l. General Information Charity Name: The Russian Speaking Community Northern Ireland Founded 2013 Charity Registrgtion Number: NIC107128 Registration Dats.. 1910412019 Trustees: Chairperson: Oksana Shelest Svedana Svyatko Tatjana Panova Svetlana Stalmaconoka Accountant.. Bankers Barclays bank Belfast City Branch 17 Castle PL Belfast BTI EEL RUSSIAN SPEAKING COMMUNITY NORTHERN IRELAND REG. NIC107128 2. Annual Monitoring Retsrn of Accounts For the year ending 30th Juue 2024. the Charity is required to submit an Annual Monitoring Return urAder section 70 of the Charities Act (Northern Ireland) 2008. As per the Charity Comtnis5ion Regulation Law, the RSCM is eligible for an independent examination since its gros5 Mcome is less than £250.000. The Financial Statement have been prep￿t(l approve￿ ond authorized by the Chairperson of tbe Board of Trustees for release on 30 October 2024. and signed by. Oksana Shelest Chairperson Ru$5ian Speaking Community Northern Ireland Date= RUSSIAN SPEAKING COMMUNITY NORTHERN IRELAND REG. NIC107128 2.1. Profit and Loss Year ended 30th June 2024 NOTES 202312024 Gross Profiu Fundraising 2022r2023 Donations 108 Sales io 19932.01 Totsl Gross Profit l 1672.8 20040.01 19683.8 Cost of Fundraising Choir'Rossinka' projtct rehearsals Community pmject Rent Community projeet New Year project Youth Club project Chess Club project Club 55+ project Robotic club project fa¢ilitatOT fee Roboti¢ project CLC 'Zhar-Ptitsa' project misc exp CLC 'Zhar-Ptitsa' project CLC 'Zhar-Ptitsa' Athninistrator fees CLC 'Zhar-Ptitsa' Teachers fees CLC 'Zhar-Ptitsa' Training Lysencolother Postage and Caryiage Pmfessionai fees Bank Charges Insurance 202312024 202212023 420.00 1550 866.60 900 596.60 372.95 938.58 451.64 252.00 792 0.28 172.31 572.00 43.38 -58.05 650.6 1098.85 1391.63 5503.50 4300.1 6259.30 10443 69.15 179.4 14.99 45.35 3325.00 2387.5 0.00 15.49 139.72 Intemet 143.88 Cboir 'Rossinka' assets depreciation CLC 'Zhar-Ptitsa' assets depreciation Community assets depreciation Total Cost of Fundraising 655.92 655.92 404.28 310.68 139.36 141.24 21557.65 24587.5 Funds generntiODIUsed funds Funds used -1517.64 4903.7 -1517.64 4903.7 RUSSIAN SPEAKING COMMUNITY NORTHERN IRELAND REG. NIC107128 2.2 Balance Sheet th Year ended 30 June 2024 NOTES 202312024 Fixed Assets Office Equipment 202212023 998.99 2198.56 Current Assets Debtors Bank Account 1375.1 10402.12 11600.35 Creditors amount falling due within one year -205.05 Net Current Assets 12776.21 13593.86 Capital & Reserves Funds P & L Account Previous Year Adj. Funds This Year -1517.64 4903.7 -1517.64 -4903.7 RUSSIAN SPEAKING COMMUNITY NORTHERN IRELAND REG. NIC107128 2.3 Notes to the financial ststement Year ended 30th June 2024 Genergl Information The ChaTity organisation is registered in Northern Ireland. Reg NIC107128 Statement of eomplianee These financial statemcnts have been provided with the provisions of Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. Accounting policies Basis of preparation The Financia] stateznents prepared in sterling's, which if fimctional CUTT¢ncy of the entity. Annual monitoring return under sectlOD 70 of the Charities Act (Northern Ireland) 2008. Fixed assets The Fixed assets are initially reordered at cost and are subsequently stated at cost less any accumulated depreciation and impaitment losses. Depreciation Depreciation is calculated to writs off the cost or valuation of an asseL less its residual valu4 over the useful economic life of that asstt as follows= Plant & machinery Fitting fixtures & equipment Motor vehicles Computer Equipment 25% Straight line 25 % Straight line 25 % Straight line 25 /0 Straight line Government grants Government grants are recognised at the fair value of the asset received OT receivable. Grants are not recognised until there is reasonable &8sur0￿Ce that the company will comply the conditions attaching to them. and the gronts will be receive(L Financial instruments A financial itLStwmcnt or fmancial liability is Tecogtiised only when the company becomes a paty to the contractual provisions of the instrument Basic instrutnents are initially recognised at the transaction pris4 unless the arrangement constibjtes. A financing transa¢tion, where it is recogntsed at the present value of the fvture payments discoullted at the market rdte for similar debt instrumenL D¢bt instnuneTtts are subsequently measure at amortised cosL Financial ￿Sets that 0Je measuTed at cost or amortised cost are reviewed for objective evidence of iJnpaiTment at the end of each reporting date. Staff cost The average number of persons employed by the charity organisation the year amounted to zero. Debtors 202312024 202212023 Debtors Restrtcted fi￿dS Grant MCNI MGF Prepayments FAt Moms Belf&st city council mini grant BeIf&st city council medium grant Koshkin Dom 700 298.8 995.3 81 1375.1 700 RUSSIAN SPEAKING COMMUNITY NORTHERN IRELAND REG. NIC107128 Creditors Creditors 202312024 202212023 Charity AC0￿1$ 205.05 -205.05 7. Fixed Assets 2023f2024 202212023 Offjce equipment Cottununity assets Choir Assets Cost Depreciation NBV Depreeiation NBV 563.09 563.09 423.73 139.36 3279.54 2623.67 655.87 1967.74 311.8 School Assets 1617.06 1273.94 343.12 869.66 747.4 5459.69 4460.70 99899 3261.13 219856 Detailed Cash flow Year ended 30 June 2024 202312024 202212023 Barclays Bank Cash on the beginning FYE 01 July Cash at the end FYE 30 June 11600.35 17600.96 10402.12 11600.35 Cash flow Bank at the beginning of the yeaT Money in Money out Bank at the end of the year 11600.35 17600.96 29265.41 30463.64 26699.8 32700.41 10402.12 11600.35 Money in 202312024 202212023 Sales Donation Grants Supler refimd Contra Account SuppliertDebtors io 20404.01 18854.9 108 8753.4 6310 128.9 1395 29265.41 26699.8 RUSSIAN SPEAKING COMMUNITY NORTHERN IRELAND REG. NIC107128 Money out Supplier payment Card payment Grants Custorner refimd 12 18405.34 1538.8 10047.5 23863.61 12 13 8836.8 472 30463.64 32700.41 io. Detsiled Sales CLC 'Zhar-Ptitsa'School Fees CLC 'Zhar-Ptitsa' Annual admin fees Membership New year paty Discount allowed 202312024 19310 400 24 202212023 18710 424 670.01 540 20404.01 19672.8 11. Detailed received Grants Education Authority MCNI MGF MCNI MGF NOR RESTrJCTED Belfast city council mini grant Belf&st city council medium grant 2023n024 202212023 3000 3577 1335 1975 1195.2 3981.2 8753.4 6310 12. Detsiled payments Choir 'Rossinka' projett rehearsals Community project Rent Community project New Year project Youth Club project Chess Club project Club 55+ project Robotic club project facilitator fee Robotic project CLC 'Zhar-Ptitsa' project Misc exp CLC 'Zhar-Ptitsa' project CLC 'Zhar-Ptitsa' Administrator fees CLC 'Zhar-Ptitsa' TeacbeTS fees CLC 'Zhar-Ptitsa' Training LysencolotheT Postsge and Carriage 202312024 202212023 420.00 1550 866.60 900 596.60 372.95 938.58 451.64 252.00 792 0.28 172.31 572.00 43.38 -58.05 650.6 1098.85 1391.63 5503.50 4300.1 6259.30 10443 69.15 179.4 14.99 45.35 RUSSIAN SPEAKING COMMUNITY NORTHERN IRELAND REG. NIC107128 Professional fees Bank Charges Insurance 3325.00 2387.5 0.00 15.49 139.72 Intemct 143.88 Totsl payments 20358.09 24587J 12. Detsiled payments Choir 'RossiDka' project rehearsals Cornmunity project Rent 202312024 202212023 420.00 1550 866.60 900 13. Detailed Grants expenditure Education Authority Belfast City Council mini grant Belfast City Council medium grant MCNI MGF NOT RESIIUCTED MCNI 5% MGF MCNI 1121113 202212023 3577 202212023 3000 1494 4976.5 1975 3260 601.8 Totsl 10047.50 8836.8 Fund5 Net per project Choir 'Rossinka' This year 0.00 L&8t year 50.00 CLC 'Zhar-ptica' Prepaid RENT FIT MOMS Prepaid KosHK￿ DOM 10402.12 11550.35 0.00 700.00 81.00 0.00 Prq)aid BCC MEDIUM GRA 995.30 0.00 P￿paid BCC MINI GRANT 298.8 0.00 SvetIana Stajznaconoka Accountant At Russian Speaking Community No Ireland Signed: Date: 2811012 24 RUSSIAN SPEAKING COMMUNITY NORTHERN IRELAND REG. NIC107128 io 3.Independent Examiner's Report 202312024 I bave made examined The Russian Speaking Community Northern Ireland Accounts for the fmancial year 202312024 ended 30 June 2024. Respeettve responsibilities of charity trustees and examiTJer As the eharity's trustees you are responsible for the preparation of the accounts in accordance with the Clwities Act lorthern fr¢land) 2008. It is my responsibility to: . Examine the accounts under section 65 of the Charities Act . Follow the procedures laid down in the general Directions given by the Commission under section 65{9) Ib) of the Charities Act . State whether particular matters have come to my attentiorn Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination w&s ¢arried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities ACL My examination included a review of the accounting Teeords kept by the ch8sity and a cornparison 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 me eause to believe: l. That accounttng records were not kept in accordance wtth section 63 of the Charities Act 2. That the accounts do not accord with those a¢¢ountinE records 3. That the a￿ullts do not comply with the accounting requirements of the Charities Act 4. That there is fi]rther inforn]ation needed for a proper urAderstanding of the accounts to be reached. RUSSIAN SPEAKING COMMUNITY NORTHERN IRELAND REG. NIC107128 li Independent examiner's ststement I have completed u)y examination and have no con¢erns in respect of the matters (l) to (4) listed above and in conrLection with following the Directions of the Ch￿lty Commission for Northern Irelanl I have found no ll￿tterS that require drawing to your attention. Findings All entries in the RSCNI accounts were checked with Bank Statements. The bank opening ba]ance {£ 11600.35). IncomelFundraising (£19,932.01). Donation received {£108.00), Expenditure (£ 21.557.65). Grants received 23124 (£8,753.40). Grants expenditure (£10,047.50) was verified is correcL The baT]k closing balance of (£ 10,402.12) is correct. No irreguIar items nor any discrepancies were found. The expenditure details confinn that the objectives of the RSCNI have been meL Name: i JoLIJsiJJ Professionat qual Date: tion I body.. Di2- troe L5Sf 2024 RUSSIAN SPEAKING COMMUNITY NORTHERN IRELAND REG. NIC107128 12