REGISTERED COMPANY NUMBER: 02526826 (England and WAles) REGISTERED CHARrrY NUMBER: 1005852 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023 for Bishopric of Public E¢umellical and Social Services UK Grant Ham)d Lernnn Davis LLP Chartered Accountants 1st Floor Healthaid House Marlborough Hill Harrow Middlesex HAI IUD
Bishopric of Public E¢llenIcal and Social Services UK Contents of the Financlal Stalements for the year ended 31 December 2023 Page Report of the Trllstees Independent Examiner's Report Statement of Finanelal Activities Balance Sheet Flotes to the Financlal Statements 7 to 10
Bishoprlc of Public Eeumenical and Social Serviees UK Report of the Trustees for the year ended 31 December 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the cbarity for the year ended 31 D¢mber 2023. The trnstees have adopted the provisions of Accounting and Reporting by Charities: Slatement of Recon]mended Practice appli¢able to charities preparing their acwunts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES Ai¥4D ACTIVITIES Objectives and aims The charit)Is objectives continued to be that of the advancement of the Christian religion in accordance with the tenets and doctrines of the Coptic Orthodox ChurclL for the advancement of education and for the relief of poverty in the United Kingdom and overse&8. The Trustees have paid due regard to guidance in relation to Publi¢ Benefit issued by the Charity Conunission in deciding what activities the charity should widertake. The Trustees are of the opinion that it has fillly complied with all such guidance. Grantmaking The TteeS have complete discretion to pay any grants which fall within the Charitys objectives. The Truslees meet annually to discuss and approve existing and new grants. They also communicate with each other at other times for tbis puo)ose should the need arise. ACHIEVEMEIWIT AIYD PERFORMAIYC Achlevements and performance Despite the difficulties and challenges faced in 2022, the charity managed to obtain overall good results. The ¢ongregation of the Coptic cimrrtunity in UK faced huge demands for other charitable causes inside and outside UK. In spite of that, donations collected in the year were £91,773 Compared with £97,616 in 2022. This enabled the charity to give similar level of grants in 2023 of £135,000 (2022: £89,220) to its related ¢harity with common trustees based in Egt so that it could maintaiti the same level of services provided a5 those provided in 2022. In addition, the charity gave out grants of £24,000 (2022: £26,000) to &88iSt with fimds towards marriages in the evenl that lack of such funds is causing hardship. The charity did not n]ake new loans in the year ended 31 December 2023 (2022.. Nil) to support families with medical emergencies. At the year end, there is no amount (2022: Nil) due from Bishopric of Ecumenical and Social Services Egjpt. For further infornthtion see note 6. In 2023 the charity intends to use Soll of the funds, kept for emergencies in the banL to help extend services to new areas not serviced before. The charity prides itself that running of the charity continues to be done by Voluntee who are not remunerated. FINANCIAL REVIEW Flnan¢181 revfiew During th¢ year ended 31 December 2023, the charity received donations to the value of £91,773 (2022: £97,616) and gift aid refunds of £9,964 (2022: £11,606). The charity in¢uTred direct charitable expenditure of £144,020 in 2023 (2022: £89,220) and governance costs of £3,353 in 2023 (2022: £3,478) giving rise to a net deficit of £54,660. At 31 December 2023, &8 sho on the Balance Sheet on page 7, the charity had unrestricted funds of £84,839 (2022.. £139,499). Accordingly, the Trusfres are pleased to advise that they consider the charity to have sufficient funds to meet its cUt and future obligations. There is expected to be a Continuing negative impact of Covid-19 on UK and global economies and charities. The Trnstees believe they are taking the necessary actions to address the risks arising, and to date the charity has continued to operate effectively. Donors have maintained donations through standing order. The charity has sufficieni unrestricted reserves to meet its fed costs for the foreseeable future. at least 12 months from the date of signing of these financial stat¢ments. Page I
Blshoprie of Publit Eeumenleal and Soeial Servfiees UK Report of the Trustees for the year ended 31 December 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing doaunen¢ a deed of trust, and constttutes a limited companyi limited by guarantee, as defll] by the Companies Act 2006. Recruitment and appolntmenl of new trustees The composition of the Charitys board of Tnlstees is reviewed regularly with a view to achieving a spread of expertise and age designed to facilitate the achievement of the Charitys objectives. The Trustees k¢ep up to date on their responSi]IltieS by various means, such as reviewing the Chartty Commission website, Teading r¢l¢vant periodicals and professional advice. Key management personnel remuneration The Trustees consider the board of Trustees as comprising the key management persomiel of the charity in Charge of directing and controlling the charity and n]nning and operating the charity on a day to day basis. All Trustees give of their time freely and no In1¢¢ remuneration or reimbursement of expenses was paid in the year. Rlsk managejnent The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls ar¢ in place to provide reasonable assurance against fraud and rOT. The charity is dependent on significant donations in order to continue nkIng grdnts. Thus the major risk to th¢ charitys ability to achieve its primary aims is failure to receive those donations. The Trus*es mitigate this risk by holding a lev¢1 of reserves approximately in line with average annual expenditure. REFERENCE AND ADMINISTRATtVE DETAILS Registered Compally number 02526826 (England and Wales) Registered Charity number 1005852 Reglstered office 29 Middle Field London NW8 6ND Trustees G M Girgis Dr l H Tadros The custodian of the charity was: Bishop Yolios None of the Trustees has any beneficial interest in the Company. All of the Trustees are members of the wmpany and guarantee io contribute £1 in the event of winding up. The Tnkstees have examined the major strategic, business and operdtional risks to which the charity is exposed and are satisfied that systen]s are in place to mitigate exposure to any sigDifi¢ant risks. Conyany Secretary Dr I H Tadros Page 2
Bishopric of Public Eeumenical and Socigl Services UK Report of the Trustees for the year ended 31 December 2023 REFERENCE AND ADMINISTIL4TIVE DETAILS IndepeDdent Examiner Grant Harrod Leman Davis LLP Chartered Ac¢ountants 1st Floor Healthaid House Marlborough Hill HaoW Middlesex HAI IUD Kl Approved by order of the board of trustees on................. . . and signed on its behalf by: G M Girgis - Trnstee Page 3
Independent Examinerls Report to the Trustees of BAshopric of Public EeumeDieal and Soelal Sendees UK Independent examiner's report to tbe trustees of Bishoprie of Public Eeumenleal and Social Servlees UK (Ithe Company'} I report to the ClAty trustees on my examination of the accounts of the Company for the year ended 31 December 2023. Responsibilities and bYdSi8 of report As the charitvs tnjstees of the Company (and also IL8 directors for the purposes of conwany law) you ar¢ responsible for the preparation of ihe accounts in accordance with the requirements of the Companies Act 2006 Cthe 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited Under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I bave followed the Directions given by the Charity Commission under Section 145(5) (b} of the 2011 Act. Independenl examiner's statement I have completed my examination. I confm that no matters have come to my attention in connection with the eXamItion giving me cause to believe: accounting records were not kept in respect of the Company as requi by Seclion 386 of the 2006 Act" or the accounts do not accord with those records" or the accounts do nol comply with the accounting requirfflnents of Section 396 of the 2006 Act other than any requirement that th¢ accounts give a true and fair view which is not a matter consideTed &8 part of an independent cxamination. or the accounts have not been prepared in aOrdanCe with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charitie8 prq)ariDg their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concem8 and have come acmss no other matters in rojjnection with the examination to which attention should be dTawn in this report in order to enable a proper understanding of the accounts to be reached. Jeremy Harrud FCCA The Association of Chartered Certified Accountants Grant Ha0d Lernian Davis LLP Clwter¢d Accountants Ist Floor Healthaid House Marlborough Hill Harrow Middlesex HAI IUD Page 4
Bishopric of Publ1¢ Eeumenieal and Social Service5 UK Statement of Flnancial Activities for the year ended 31 December 2023 2023 Unrestricted fund 2022 Total funds Notes INCOME AI¥D ENDOWMENfs FROM Donations and legacies 91,773 97,616 Invwtrnent income 940 104 Total 92,713 97,720 EXPENDITURE ON Charitable activitie5 Charitable activities 147.373 92,698 NET INCOMEIffjXPENDITURE) (54,660) 5,022 RECONCILIATION OF FUNDS Total funds brought forward 139.499 134,477 TOTAL FUNDS CARRIED FORWARD 84,839 139,499 The notes fomi part of these financial statements Page 5
Bishopric of Public EcumenitAI and Social Services UK Balante Sheet 31 December 2023 2023 Unrestricted fund 2022 Total fund5 Notes CURREIYT ASSETS Cash at bank 84.839 139,499 NET CURRENT ASSETS 84.839 139,499 TOTAL ASSETS LESS CURRENT LIABILJTIES 84,839 139.499 NET A&SETS 84,839 139,499 FUNDS Unrcstricted funds 84,839 139,499 TOTAL FUNDS 84,839 139.499 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006. The tru5tces acknowledge their responsibilities for {a) ensuring that the charitable company keep5 ac¢ounting records tbat comply with Section5 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the ¢haritable Company as at the end of each financial year and of its surplus or deficit for ¢ach 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 fmancial statements, so far as applicable to the charitable ¢ompany. (b) These financial ststements have been prepared in accordance with the provisions applicable to charitsble companies subject to the smal] companies regime. The financial statements were approved by the Board of Tt¢e8 and authorised fur issue . and were signed on its behalf by: on G M Girgis - Trustee The no¢es fonn part of these financial statements Page 6
Bi8hoprlc of Public Ecumenieal And Social Services UK Notes to the Financlal StatemeDts for the year ended 31 December 21123 ACCOUNTING POLICIES Basis of preparing the financial statements The financial srtatements of the ckwitable company, which is a public benefit enlity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Reconllnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Rq)ublic of Ireland (FRS 102) (effective l January 2019),. FAnancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of treland, and the Compani&s Act 2006. The financial ststements have been prepared under the historical cost conventio Income All income is recognised in the Statement of Financial Activities once the cl]arity has entitlement to the funds, it is probable thai the income will be re¢eived and the amount can be measured reliably. Expendfithre Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of e¢onomi¢ benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an a¢¢nlS basis and has been classified under headings that aggregate all cost related to the category. IVh¢re costs cannot be directly attributed to particular headings they have been allocat¢d to activities on a basis consistent with the use of resources. Grants offered subject to conditions thich have not been n1 at the year end date are noted as a commitmeni but not accrued as cxpenditure. Taxation The charity is exempt from CoOration tax on its charitable activities. Fund aceounting Unrestricted funds can be used in accordance with the charitable obj¢ctives at the dIretiOn of the trustees. Restricted fiu)ds ¢an only be used for particular restricted purposes within the objects olthe ¢harity. Restrictions arise when sp¢cified by the donor or when fimds are raised for particular restricted purposes. Further explanalion of the nature and purpose of each fLU)d 18 included in the notes to the financial statements. INVESTMEIYT INCOME 2023 2022 Deposit account inierest 940 104 NET 1Tr4COMEI{EXPENDITURE) Net incomel(expmditure) is stat¢d afi¢r chargllW(crediting): 2023 2022 The auditing of aOUnt$ of any asslate of the charity 3,000 3.000 Page 7 continued..-
Blshopric of Pllblie Ecumenieal And Social Services UK Notes to the Finaneial Statements - continued for the year ended 31 December 2023 TRUSTEES, REMUNELITION AND BENEFITS There were no trus'te&q' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees, expenses There were no Stees, expenses paid for the ended 31 December 2023 nor for the yeaT ended 31 December 2022. COMPARATIVES FOR THE STATEMENT OF FL¥ANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMEIYTS FROM Donations and legacies 97,616 Jnvestment income 104 Total 97,720 EXPEIYDrruRE ON Charitable aclfivities Charitable activities 92,698 NET L¥ICOME 5,022 RECONCILIATION OF FUNDS Totsl funds brought fonvard 134,477 TOTAL FUNDS CARRIED FORWARD 139,499 MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 Unrestrketed funds General fund 139,499 (54,660) 84,839 TOTAL FUNDS 139,499 (54,660) 84,839 Page 8 continued...
Blshoprie of Publit Eeumenleal and Social Services UK Notes to the Ffinaneial Statements- eontlnued for the year ended 31 December 2023 MOVEMENT IN FUNDS - tontlnued Net movem¢nt in fund4 included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrleted funds G¢neral fimd 92,713 (147,373) {54,660) TOTAL FUNDS 92,713 (147,373) (54,660) Comparatives for movement in funds Net movement in funds At 31.12.22 At 1.1.22 Unrestrif ted fund5 Gene1 fid 134,477 5,022 139,499 TOTAL FUNDS 134.477 5,022 139,499 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds G¢n¢rdl fund 97,720 (92,698) 5,022 TOTAL FUNDS 97,720 (92,698) 5.022 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.12.23 At 1.1.22 Unrestrieted funds G¢neral fimd 134,477 (49,638) 84,839 TOTAL FUNDS 134,477 (49,638) 84,839 Page 9 continued...
Bishoprie of Public Eeumenieal and Social Servi¢e5 UK Iyotes to the Finanefial Stfdtements - eontlnued for the year ended 31 December 2023 MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows: Incoming resources Resources expended Movernent in fimds Unrestrleted fulld5 General fimd 190,433 (240.071) {49,638) TOTAL FUNDS 190,433 (240,071) (49,638) RELATED PARTY DISCLOSURES During the year the charity did not pay grants to a charity with a common trustee that operates in Egypt £144,020 (2022: £89,220). The related charity, Bishopri¢ of Ecumenical atjd Social Services Egypt is related througb having common trustees that are able to exert control over the operations of the charity. Donations were received from the trustees during the year toLqlling £81,808 (2022: £86,009). ULTIMATE CONTROLLING PARTY Bishopric of Public Ecumenical and Social Services UK is not controlled by any one individual or group of individuals. Page 10