Report of the Trustees and Financial Statements for the Year Ended 31 March 2025 For Moldova Support Group
Contents of the Financial Statements for the Year Ended 31 March 2025
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Report of the Trustees pages 1-4
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Statement of Receipts and Payments Financial Activity page 5
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Notes to the Financial Statements and Statement of Balances page 6
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Independent Examiner's Report page 7
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Report of th• Trustees for th• Y•ar End•d 31 M•rth 2025 The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of accountin8 and reporting by charities throu8h The Scottish Charity Regulator IOSCRI, a non-ministerial office and part of the Scottish Administration following commencement of the Charitres and Tnjstee Investment (Scotlandl Act 2(K15. Moldova Support Group's Receipts and Payments reportin8 is appropriate as It is a norFcompany chartty whose gross annual income is less than £250.(XX) IEI(K),O(x) for periods starting before l April 20111 and there is requirement within the charity's constitution or by funders to prepare accrued accOur. OBJEcfivES AND AcnMmES Charltable alms and obJertl¥es The charitable purposes of the Moldova Support Group IMSGI are= To advance religion by promoting the preaching of the Gospel in the Nisporeni region of the Republic of Moldova To prevent poverty and relieve those in need by reason of financial hardship by providin8 financial and material support to the community of Nisporeni district To advance health by providing financial and material supwrt to the h05pits15 of Ni5wreni district ACHIEVEMENT AND PERFORMANCE Charitable aetivrtits The ongoing war in Ukraine and the increase in the cost of living across the world continue to impact the deltvery of our charitable activities in Nisporeni, Moldova as is the inability to provide a Scottish team for the residential camps. as we have done in past years.- We renewed our partnership with a sister church from Chisinau so that the children and families in Nisporeni were still able to benefit from a summer camp. allowing for the sharin8 of leadership responsibilities and more opportuntties for the young people to 8enerate new relationships. It also reduces the fundin8 required for the residential campfft compared to past years, as costs are shared with the partner church. However, despite the challenges faced by everyone, re8ular donations continue to be made by long-time sUPPOrters, and tO8ether with fundraising and one-off donations, we were successful in producing Outcomes of our charivs purposes as we ministered to the people of Nisporeni, supported its poor, elderly and youth. The use of Back Free Church's facilities and tts generous support, kx)th financially and prayerfully, is greatly appreciated. During the twelvtrmonth period to 31 March 2025, the charity has supported the outreach activtty of Biserica Sfanta Treime in Nisporeni, Moldova, and provided financial support to the pastor in the form of a monthly stipend and a generous donation towards car expenses. Additionally, the $6CK) per month stipend from pastor through Corinth Refomied Church. Hickory, NC USA has proved to be a great blessin& not only financially but also through shared pwayer and concern for the Gospel ministry in Nisporeni. A range of youth activities and family-focused events were funded throughout the year as well as ongoin8 assistance to the elderly of the town. The Women for Mission project is now delivered through directly supporting the elderly and poor families as part of the congre8atiorb'S general outreach. In November 2024 we suffered the immeasurable loss of Pastor . The charivs webstte w)sted this tribute.. °As we mourn the possing into Glory of Posto we remember, with grateful hearts, his significont role in the creation of the Moldova Support GTOUP ch(Jrityin 2015. Bock then he hod no stipend, worked to generate incomeforhisf(Jmify, wlidfor hospitolity himself and worked tirelessly to spreud the Gospel. Projects ond cumps werefunded through fvndroising in ScotlarMI but we needed to keep a pastor to leod the congregotion anddeliverprojects. The chority then created the Pastorsupportfvnd which hos grown through God erjobling generous hearts to serjd money each month for (J stlpend. The stipend tisfor the pastor, not the man. and so it currently supports Pasto Through portrjership with a US n7ission, we can nowfvnd ofvll-time mirjistryfor the congreg(Jtion of Biserico Sfonto Treime, Njswreni energy andpossionfor shoring the Gospel, his concerrj for the poor and disadv(Jnt(Jgedin Moldow and his loveforhisfriends in Scotland inspired us to Prayerfully ccwtinue supporting the rninistry there. We remernbe famify as theyfoce thefuture without their devoted husband. fother, son andbrother. We commend them to the God of all Comfort. 1st Thessolonians 4..13-14 "But I do not worjt you to be ignorant, brethren, concerning those who havef(Jllen (Jsleep, lest you wrrow os others who have no hope. Forif we believe thatjesus died ond rose ogoin, even so God will bring with Him those who sleep in Jesus.- The Gospel ministry continue5 in Nisporefhi With the blessing of God as He is given all the Glory. Dissemination of information on charitable acttvities is through social media https.'//wvdw.facebookcomlheart4nisporeni & https'.l/wv•w.facebook.comlBESTnisporeni and Instagram together wth updates to supporters through email. letters and public speakin8 at events.
HNANCIAL REVIEW Fln•nci•l po$5tion The income of the charity is applied solety towards the promotion of its charttable purposes. There are no administration costs and accountin8 services are 8enerously provided at no cost to the charity. Receipts for year ending 31st March 2025 were £22,150.43 against expenditure of £23,999.65 resulting in a deficit of £1.849.22. With a balarhce of £30.481.00 carried forward from 2024 a net cash balance of £28.63L78 remains. All monies are banked in an account held in the name of MSG wth the Chair, Board Secretary and Treasurer re5pon5ible for MSG'S finances. Online banking is the preferred method of dispersing furKls. allowing for transparent financial controls. Re$erves pollcy: Monies are transferred solely on the charit$ abiltty to provide them. Therefore, the reserves policy is limited to ensuring there is enough to fund at least six months of stipend for the Pastor. ACCOUNTING POUCIES Ba•1• of prnparinl th• financial $tat•m•nts: Charities and Trustee Investment (Scotlandl 2LK15 Act and the Charities Accounts Iscotlandl Regulations 2(M)6 las amended). Preparation of wnsolidated financial ststsrnents: The financial statements contain information about Moldova Support Group as an individual charity and do not contain consolidated financial information as the parent of a 8roup. Receipts: For the year ended 31 March 2025 total receipts were £22.150A3 Payrnents.. For the year ended 31 March 2025 total payments were £23.999.65 Data privacy: The requirements in the handling of per50fbal data are upheld according to General Data Protection Regulations IGDPRI and Data Protection IChar8es and Irhformationl Regulations 2018. TanÉiblè flxed asstts: The charity has no fixed assets. Stock$: The charity carries no stock. Tax•tlon: The charity is exempt from tax on its charitable activities. TRUSTEES, REMUNERATION AND BENEFITS Trust••$' b•n•fit$: There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024. All trustees voluntarity bear their own costs in servin8 the chartty. Trustees. expen¥e5: There were no trustees. expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024. sTrUURE. GOVERNANCE AND MANAGEMENT The charity is a Scottish Charitable Incorporated Organisation ISCIOI. as approved at the Extraordinary General Meeting on 27¢h August 2018. It was previously an unincorporated group but changed its legal form to a SCIO and the assets of the unincorporated group transferred to the SCIO on 27th August 2018. All banking and administration accounts are retained and used by the SCIO. The powers of the Group are restricted to the delivery of its charitable purposes in Moldova. Gov•rnini docum•nt The charity is controlled by its 8oveming document, the MEMORANDUM of ASYJCIATION of Moldova Support Group a8reed on 27th AuBUSt 2018 then reviewed on Ilth Au8ust 2023 and 15r July 2024. MSG became a SCIO on 2151 November 2018 and is an incorporated body havin8 charitable status under the Charities and Trustee Investment Iscotiandl Act 2(K)5. The SCIO'S registered name is.. Moldova Support Group. The charity number is.. SC048857 The SCIO was registered on.. 21st November 2018. The principal corhtact address is.. Trustees and Mernbership The SCIO is a two-tier structure where the charity tmstees are elected from the membership. Membership is open to anyone expressing an interest in the charitable activities undertaken by MSG, in partnership with Biserica Sfanta Treime in Nisporeni, Moldova. Any of the membership is eligible to become a trustee. The trustees are elected at the AGM and there must be a minimum of five and a maximum of nine trustees.
Membership consists of the following categories:
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Trustee member: elected annually at the Annual General Meeting, all with voting rights.
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“Friends of Moldova” member: defined as all those who are recorded as supporters of our charitable activities with no voting rights other than appointment of charity trustees at the AGM.
Supporters of MSG will be subject to the regulations of the constitution, and deemed to accept these regulations and codes of conduct that the group has adopted. Publicity on the charity’s activities will provide opportunities for interested parties to contact the charity to become members.
At the AGM on 1[st] July 2024 the Constitution was reviewed and the following structure was agreed.
Board of Trustees:
’Friends of Moldova’ members
Organisational structure
Strategic decisions are made at the quarterly board meetings and through ad hoc electronic meetings throughout the year. Day to day decision making, manage and control is delegated to a Board of Management of five trustees. Expenditure decisions are made in agreement with the Pastor and Church Board of Biserica Sfânta Treime in Nisporeni, Moldova.
Risk management:
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Board of Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and The Scottish Charity Regulator (OSCR) good practice guidelines.
The trustees prepare financial statements for each financial year to give a true and fair view of the state of affairs of the charity and of the receipts and payments for that period.
In preparing those financial statements, the trustees make reasonable and prudent judgements, preparing the financial statements to ensure the charity is publicly accountable to its stakeholders for any funds received and activities carried out.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Statement of Receipts and Payments Financial Activity for the Year Ended 31 March 2025 (year nine)
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Receipts | Receipts | ||||
| Donations | Donations | ||||
| Camp | £500.00 | Camp | £1,600.00 | ||
| JS Pastor car donation | £1,200.00 | JS Pastor car donation | £1,020.00 | ||
| Misc donations | £1,173.78 | Back Free Church | £200.00 | ||
| Bible Buddies' Donation | £300.00 | ||||
| MC Donation | £842.25 | ||||
| A&I M donation | £220.00 | ||||
| KS Donation | £1,421.00 | ||||
| MS Donation | £500.00 | ||||
| Misc donations | £2,082.94 | £5,566.19 | |||
| Fundraising | Fundraising | ||||
| Soup & Pudding | £1,449.38 | MC 'Wolf Run' per BOOHOO | £1,000.00 |
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| Soup & Pudding | £1,034.20 | £2,034.20 | |||
| Restricted Funds | Restricted Funds | ||||
| Ukrainian refugees | £100.00 | Ukrainian refugees | £250.00 | ||
| Pastor Support | £7,880.00 | Pastor Support | £8,683.00 | ||
| US Pastor support | £8,367.63 | US Pastor support | £9,032.02 | £17,965.02 | |
| HMRC ST03839 Gift Aid | £1,479.64 | HMRC ST03839 Gift Aid | £1,544.75 | ||
| Total receipts | £22,150.43 | Total receipts | £29,730.16 | ||
| Payments | Payments | ||||
| Charitable activities | Charitable activities | ||||
| Camp | £7,708.97 | Camp | £7,702.99 | ||
| JS Car | £1,031.78 | JS Car | £854.26 | ||
| Winter fuel | £502.99 | ||||
| Website | £486.00 | ||||
| Misc charitable activities | £1,218.96 | Misc charitable activities | £1,206.84 | £2,195.83 | |
| Phone bill | £222.99 | ||||
| Kids event per Bible Buddies | £302.98 |
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| Pastor's family gift per G&C | £152.99 | £678.96 | |||
| Sub-total | £11,432.04 | ||||
| Restricted Funds | Restricted Funds | ||||
| Pastor Support | £5,861.59 | Pastor Support | £7,464.54 | ||
| US Pastor support | £7,975.36 | US Pastor support | £8,517.33 | ||
| Ukrainian refugee | £202.99 | Ukrainian refugee | £4,003.00 | ||
| donations | donations | ||||
| Total restricted payments | £14,039.94 | Total restricted payments | £19,984.87 | ||
| Total payments | £23,999.65 | Total payments | £31,416.91 | ||
| Total receipts | £22,150.43 |
Total receipts | £29,730.16 |
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| Total payments | £23,999.65 |
Total payments | £31,416.91 |
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| Deficit | -£1,849.22 |
Deficit | -£1,686.75 |
Cash movements
Opening bank & cash £30,481.00 Deficit -£1,849.22 Closing bank and cash £28,631.78
Cash movements
Opening bank & cash £32,167.75 Deficit -£1,686.75 Closing bank and cash £30,481.00
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Not•s to th• Fin•ncial St•t•m•nts I: The HMRC Gift Aid payment of £1,479.64 is the fourth claim by the charity. 2- Miscellaneous payments of £1,218.96 included support for youth activities, food parcels for the poor and outreach activities as well as the purchase of winter fuel for families in need. 5: An individual donated a total of £1,2fy) cover the pastorfs car expenses. 6: Camp sponsorships of £500 against expendtture of £7.708 refiects the impart of not having knttish tearn5 as leader5 and fundraiser5. 7: US payments for the pastor. totalling £7.975.36. included a donation of £2.051.71 toward5 medical expenses. Approved on behalf of the Board of Trustees and signed on its behalf by: Da ¥lgJ)s-
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