2025-04-05-accounts - St Mary And Abu Saifain Coptic Orthodox Church

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31 High View Close, Hamilton Office Park, Leicester, LE4 9LJ

T. 0116 2762761 www.tc-group.com

St. Mary and Abu Saifain Coptic Orthodox Church 23 Llantarnam Drive

Radyr Cardiff CF15 8GA

16 June 2025

Our ref: JD/MV/STM046

Dear Sirs,

Financial Statements for the year ended 5 April 2025

We now have pleasure in enclosing the following:-

One copy of the financial statements which should be signed by Dr M Shafik on page 2 and page 5 and returned to us. You can download a copy from the portal for your records, otherwise please let us know and we will send you a final signed version.
A formal letter of representation which should be signed by Dr M Shafik .

Please do not hesitate to contact us if you have any queries or you require a meeting to discuss these financial statements.

Yours sincerely,

TC Group

31 High View Close, Hamilton Office Park, Leicester, LE4 9LJ 0116 490 4274 www.tc-group.com TC SEM Limited. Registered in England & Wales, no. 14852217. Registered Office : 1 Rushmills, Bedford Road, Northampton, NN4 7YB. A list of the names of the principals is available at the registered office.

REGISTERED CHARITY NUMBER: 1008921

REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

FOR

ST. MARY AND ABU SAIFAIN COPTIC
ORTHODOX CHURCH

TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

ST. MARY AND ABU SAIFAIN COPTIC
ORTHODOX CHURCH

`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025`

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Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
Detailed Statement of Financial Activities 11
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`ST. MARY AND ABU SAIFAIN COPTIC ORTHODOX CHURCH`

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025`

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended5April 2025. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

ThemainobjectiveofthecharityistoadvanceandpromotetheChristianFaithinaccordancewith the
teachingsandpracticesoftheCopticOrthodoxChurch.Whenplanningouractivitiesfortheyear, the
trusteeshaveconsideredtheCommission'sguidanceonpublicbenefitand,inparticular,the specific
guidanceoncharitiesfortheadvancementofreligion.Forthepurposeofattainingtheaforesaid objectives,
but not otherwise, the charity shall:

1.Maintainaplaceorplacesofpublicworshipforworshipandofficiatingsacramentsandforthe due
performanceoftheritesofbaptism,marriage,burialandotherceremoniesaccordingtotheprinciplesof the
Coptic Orthodox Faith.

2. To provide and maintain the ministerial services of a priest including the provision of a residence.

3. To hold and otherwise promote religious meetings and conferences.

4. To provide assistance for the needy in the United Kingdom and abroad.

5. To provide spiritual, social and educational activities.

6.ToprovideforthereligiouseducationformembersoftheCopticOrthodoxcommunityinthedoctrine and
practices of the Coptic Orthodox Church.

7.To providetheservicesofpersonstoperformsuchdutiesasmay beconsiderednecessaryfromtimeto time
for the proper administration of the Charity.

8.Toraisefundsbyappealingforandinvitingcontributionsbywayofdonations,covenants,grants, loans,
legacies and subscriptions.

9. To do such other things as shall further the Objectives of the Charity.

`Achievements and performance`

Thecontinuedrunningandsupportofthechurch'sactivities.Duringtheyeartheprogrammeof restoration
andimprovementhascontinuedonthechurchwhichisaGradeIIlistedbuilding.Thechurchislistedfor its
wellpreservedarchitecturalinterests,itsunusualslenderarcadesandespeciallyforitsfine decorative
frontage.

`FINANCIAL REVIEW`

Inundertakingthemaintenance,restorationandimprovementofthechurchthecharity expended
£1,403(2024:£1,215)onfixtures,fittingsandequipmentand£17,484(2024:£12,087)onrepairs and
maintenance.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

Thecharityiscontrolledbyitsgoverningdocument,itsconstitution,adopted16February1992and as
amended on 22 June 2008 and constitutes an unincorporated charity.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Charity number`

Page 1

`ST. MARY AND ABU SAIFAIN COPTIC ORTHODOX CHURCH`

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025`

`Principal address`

23 Llantarnam Drive Radyr Cardiff CF15 8GA

`Trustees`

Dr M Shafik Dr S Bishara (deceased 8.2.25) Mr G Yagoub Mr S Hanna Dr N N Naeem Dr M F Farag

`Independent Examiner`

TC Group 31 High View Close Hamilton Office Park Leicester Leicestershire LE4 9LJ Approved by order of the board of trustees on 16 June 2025 and signed on its behalf by:

Dr M Shafik - Trustee

Page 2

`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST. MARY AND ABU SAIFAIN COPTIC ORTHODOX CHURCH`

`Independent examiner's report to the trustees of St. Mary and Abu Saifain Coptic Orthodox Church`

I report to the charity trustees on my examination of the accounts of St. Mary and Abu Saifain Coptic Orthodox Church (the Trust) for the year ended 5 April 2025.

`Responsibilities and basis of report`

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

`Independent examiner's statement`

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J Dennis

TC Group 31 High View Close Hamilton Office Park Leicester Leicestershire LE4 9LJ

16 June 2025

Page 3

`ST. MARY AND ABU SAIFAIN COPTIC ORTHODOX CHURCH`

`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025`

`Notes` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `Investment income` `2` `Total` `EXPENDITURE ON` `Raising funds` `3` `NET INCOME` `RECONCILIATION OF FUNDS` `Total funds brought forward` `TOTAL FUNDS CARRIED FORWARD`	`2025` `Unrestricted` `fund` `£` `103,538` `3,490` `107,028` `104,757` `2,271` `1,076,317` `1,078,588`	`2024` `Total` `funds` `£` `95,774` `3,031`
		`98,805`
		`86,823`
		`11,982` `1,064,335`
		`1,076,317`

The notes form part of these financial statements

Page 4

`ST. MARY AND ABU SAIFAIN COPTIC ORTHODOX CHURCH`

`BALANCE SHEET 5 APRIL 2025`

		2025	2024
		Unrestricted	Total
		fund	funds
	Notes	£	£
FIXED ASSETS
Tangible assets	7	752,001	760,026
CURRENT ASSETS
Cash at bank and in hand		326,587	319,492
CREDITORS
Amounts falling due within one year	8	-	(3,201)
NET CURRENT ASSETS		326,587	316,291
TOTAL ASSETS LESS CURRENT LIABILITIES		1,078,588	1,076,317
NET ASSETS		1,078,588	1,076,317
FUNDS	9
Unrestricted funds		1,078,588	1,076,317
TOTAL FUNDS		1,078,588	1,076,317

The financial statements were approved by the Board of Trustees and authorised for issue on 16 June 2025 and were signed on its behalf by:

Dr M Shafik - Trustee

The notes form part of these financial statements

Page 5

`ST. MARY AND ABU SAIFAIN COPTIC ORTHODOX CHURCH`

`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102) (effective
1January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicablein the
UKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeen prepared
under the historical cost convention.

`Income`

All incomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.

`Tangible fixed assets`

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoverits estimated
useful life.

`Church building`	`- Straight line over 2 to 10 years`
`Land - cemetary plot`	`- Straight line over 2 to 10 years`
`Freehold property`	`- Straight line over 2 to 10 years`
`Building improvements`	`- Straight line over 2 to 10 years`
`Furniture for Paxton Walk`	`- Straight line over 10 years`
`Fixtures, fittings & equipment`	`- Straight line over 10 years`

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

continued...

Page 6

`ST. MARY AND ABU SAIFAIN COPTIC ORTHODOX CHURCH`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025`

`2. INVESTMENT INCOME`

		`2025`	`2024`
		`£`	`£`
	`Deposit account interest`	`3,490`	`3,031`
`3.`	`RAISING FUNDS`
	`Raising donations and legacies`
		`2025`	`2024`
		`£`	`£`
	`Support costs`	`104,757`	`86,823`

`4. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended5April2025norforthe year
ended 5 April 2024.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended5April2025norfortheyear ended
5 April 2024.

`5. STAFF COSTS`

The average monthly number of employees during the year was as follows:

`Priests` `No employees received emoluments in excess of £60,000.`	`2025` `2`	`2024` `1`

`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`INCOME AND ENDOWMENTS FROM` `Donations and legacies` `Investment income` `Total` `EXPENDITURE ON` `Raising funds` `NET INCOME` `RECONCILIATION OF FUNDS` `Total funds brought forward`	`Unrestricted` `fund` `£` `95,774` `3,031` `98,805` `86,823` `11,982` `1,064,335`

continued...

Page 7

`ST. MARY AND ABU SAIFAIN COPTIC ORTHODOX CHURCH`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025`

`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`

`TOTAL FUNDS CARRIED FORWARD`

Unrestricted
fund
£
1,076,317

`7. TANGIBLE FIXED ASSETS`

`COST` `At 6 April 2024` `Additions` `At 5 April 2025` `DEPRECIATION` `At 6 April 2024` `Charge for year` `At 5 April 2025` `NET BOOK VALUE` `At 5 April 2025` `At 5 April 2024` `Building` `improvements` `£` `COST` `At 6 April 2024` `469,673` `Additions` `-` `At 5 April 2025` `469,673` `DEPRECIATION` `At 6 April 2024` `-` `Charge for year` `-` `At 5 April 2025` `-` `NET BOOK VALUE` `At 5 April 2025` `469,673` `At 5 April 2024` `469,673`	`Church` `building` `£` `131,500` `-` `131,500` `-` `-` `-` `131,500` `131,500` `Furniture` `for` `Paxton` `Walk` `&` `£` `3,563` `-` `3,563` `1,033` `356` `1,389` `2,174` `2,530`	`Land -` `cemetary` `plot` `£` `3,615` `-` `3,615` `-` `-` `-` `3,615` `3,615` `Fixtures,` `fittings` `equipment` `£` `89,677` `1,403` `91,080` `25,738` `9,072` `34,810` `56,270` `63,939`	`Freehold` `property` `£` `88,769` `-` `88,769` `-` `-` `-` `88,769` `88,769` `Totals` `£` `786,797` `1,403` `788,200` `26,771` `9,428` `36,199` `752,001` `760,026`

continued...

Page 8

`ST. MARY AND ABU SAIFAIN COPTIC ORTHODOX CHURCH`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025`

`8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

`Taxation and social security` `MOVEMENT IN FUNDS` `Unrestricted funds` `General fund` `TOTAL FUNDS`	`At 6.4.24` `£` `1,076,317` `1,076,317`	`2025` `£` `-` `Net` `movement` `in funds` `£` `2,271` `2,271`	`2024` `£` `3,201` `At` `5.4.25` `£` `1,078,588`	`2024` `£` `3,201`
			`1,078,588`

`9. MOVEMENT IN FUNDS`

Net movement in funds, included in the above are as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`Incoming` `Resources` `Movement` `resources` `expended` `in funds` `£` `£` `£` `107,028` `(104,757)` `2,271` `107,028` `(104,757)` `2,271`

`Comparatives for movement in funds`

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`At 6.4.23` `£` `1,064,335` `1,064,335`	`Net` `movement` `in funds` `£` `11,982` `11,982`	`At` `5.4.24` `£` `1,076,317`
			`1,076,317`

Comparative net movement in funds, included in the above are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`98,805`	`(86,823)`	`11,982`
`TOTAL FUNDS`	`98,805`	`(86,823)`	`11,982`

continued...

Page 9

`ST. MARY AND ABU SAIFAIN COPTIC ORTHODOX CHURCH`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025`

`9. MOVEMENT IN FUNDS - continued`

A current year 12 months and prior year 12 months combined position is as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`At 6.4.23` `£` `1,064,335` `1,064,335`	`Net` `movement` `in funds` `£` `14,253` `14,253`	`At` `5.4.25` `£` `1,078,588`
			`1,078,588`

A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the
above are as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`Incoming` `Resources` `Movement` `resources` `expended` `in funds` `£` `£` `£` `205,833` `(191,580)` `14,253` `205,833` `(191,580)` `14,253`

`10. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 5 April 2025.

Page 10

`ST. MARY AND ABU SAIFAIN COPTIC`

`ORTHODOX CHURCH`

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025`

`INCOME AND ENDOWMENTS` `Donations and legacies` `Donations & subscriptions` `Gift aid` `Investment income` `Deposit account interest` `Total incoming resources` `EXPENDITURE` `Support costs` `Management` `Wages` `Rates and water` `Insurance` `Light and heat` `Telephone & internet` `Sundries` `Diocese of London contribution` `Repairs & renewals` `Accountancy` `Legal & professional` `Travel flights expenses` `Donation to Monastery` `Finance` `Fixtures and fittings` `Total resources expended` `Net income`	`2025` `£` `87,932` `15,606` `103,538` `3,490` `107,028` `42,017` `2,850` `4,860` `9,735` `558` `500` `6,640` `17,484` `2,405` `4,980` `1,400` `1,900` `95,329` `9,428` `104,757` `2,271`	`2024` `£` `74,827` `20,947`
		`95,774` `3,031`
		`98,805` `30,715` `2,802` `4,595` `11,342` `571` `609` `4,291` `12,087` `1,673` `-` `2,350` `6,500`
		`77,535` `9,288`
		`86,823`
		`11,982`

This page does not form part of the statutory financial statements

Page 11

St. Mary and Abu Saifain Coptic Orthodox Church 23 Llantarnam Drive Radyr Cardiff CF15 8GA

16 June 2025

TC Group Hamilton Office Park 31 High View Close Leicester LE4 9LJ

Dear Sirs,

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charity’s financial statements for the year ended 5 April 2025. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.

General

1 We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion.
2 We confirm that the charitable company qualifies as small in accordance with the conditions set out in chapter 1 of part 15 of the Companies Act 2006.
3 We confirm that the charity was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial year ended 5 April 2025 audited. We also confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006.
4 We have fulfilled our responsibilities as directors / trustees as set out in the terms of your engagement letter under the Companies Act 2006 and Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.
5 All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records.
6 All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestricted access to all appropriate persons within the charity, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.
7 The financial statements are free of material misstatements, including omissions.

Assets and liabilities

8 The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements.
9 All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.
10 We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.

Accounting estimates

11 Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.

Legal claims

12 We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclosed in, the financial statements.

Laws and regulations

13 We have disclosed to you all known instances of non-compliance or suspected noncompliance with laws and regulations whose effects should be considered when preparing the financial statements.

Related parties

14 Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.

Subsequent events

15 All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.

Going concern

16 We believe that the charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity's needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need to be made in the financial statements.

Grants and donations

17 All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.

Yours faithfully jncolll

..............................................................................................................................

Signed on behalf of the trustees – Dr M Shafik

16 June 2025