REGISTERED CHARITY NUMBER: 1024015
Report of the Trustees and Unaudited Financial Statements for the Year Ended 5 April 2022
for
ST. GEORGE AND ST. ATHANASIOUS COPTIC ORTHODOX CHURCH
Botros & Co Chartered Accountants 4 Northwest Business Park Servia Hill Leeds West Yorkshire LS6 2QH
ST. GEORGE AND ST. ATHANASIOUS COPTIC ORTHODOX CHURCH
Contents of the Financial Statements for the Year Ended 5 April 2022
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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. GEORGE AND ST. ATHANASIOUS COPTIC ORTHODOX CHURCH
Report of the Trustees for the Year Ended 5 April 2022
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 charity for the year ended 5 April 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
01024015 (England and Wales)
Registered Charity number 1024015
Registered office
40 Kingston Drive Whitley Bay Tyne & Wear NE26 1JJ
Trustees
H G Bishop Antony Dr S Asaad Mr M Guirguis Mrs L Eskander Mr S Nashed Mr M Mikhail
Company Secretary
Dr S Asaad
Independent Examiner
Botros & Co Chartered Accountants 4 Northwest Business Park Servia Hill Leeds West Yorkshire LS6 2QH
Bankers
Lloyds Bank plc 69 Bedford Street North Shields Tyne and Wear NE29 0AU
Committee
- H G Bishop Antony Chairman 2.Dr Seif Asaad Secretary
3.Dr Magdy Eskander 4.Mr Stephen Abdulla 5.Miss Christin Henen
6.Dr Amir Michael Treasurer
Page 1
ST. GEORGE AND ST. ATHANASIOUS COPTIC ORTHODOX CHURCH
Report of the Trustees for the Year Ended 5 April 2022
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 5 September 2022 and signed on its behalf by:
Charity secretary Dr S Asaad - Secretary
Page 2
Independent Examiner's Report to the Trustees of St. George and St. Athanasious Coptic Orthodox Church
Independent examiner's report to the trustees of St. George and St. Athanasious Coptic Orthodox Church ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 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 have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Botros & Co Chartered Accountants 4 Northwest Business Park Servia Hill Leeds West Yorkshire LS6 2QH
5 September 2022
Page 3
ST. GEORGE AND ST. ATHANASIOUS COPTIC ORTHODOX CHURCH
Statement of Financial Activities for the Year Ended 5 April 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Total EXPENDITURE ON Raising funds 3 Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
5.4.22 Unrestricted fund £ 98,139 6 98,145 82,081 444 82,525 15,620 1,538,613 1,554,233 |
5.4.21 Total funds £ 108,553 20 108,573 89,584 551 90,135 18,438 1,520,175 |
|---|---|---|
| 1,538,613 |
The notes form part of these financial statements
Page 4
ST. GEORGE AND ST. ATHANASIOUS COPTIC ORTHODOX CHURCH
Balance Sheet 5 April 2022
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS |
5.4.22 Unrestricted fund £ 1,366,352 21,028 166,853 187,881 187,881 1,554,233 1,554,233 1,554,233 1,554,233 |
5.4.21 Total funds £ 1,366,771 36,677 135,165 171,842 171,842 1,538,613 1,538,613 |
|---|---|---|
| 1,538,613 1,538,613 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 5 September 2022 and were signed on its behalf by:
S Asaad - Trustee
The notes form part of these financial statements
Page 5
ST. GEORGE AND ST. ATHANASIOUS COPTIC ORTHODOX CHURCH
Notes to the Financial Statements for the Year Ended 5 April 2022
1. ACCOUNTING 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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial 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 constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic 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 been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance
Taxation
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 trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | |
|---|---|
| Deposit account interest | 5.4.22 5.4.21 £ £ 6 20 |
continued...
Page 6
ST. GEORGE AND ST. ATHANASIOUS COPTIC
ORTHODOX CHURCH
Notes to the Financial Statements - continued for the Year Ended 5 April 2022
3. RAISING FUNDS
4.
Investment management costs
Donations payable: Clergy living expenses Telephone Postage & stationery Motor & travelling Premises insurance Rates & water charges NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
5.4.22 £ 8,600 45,574 514 264 2,969 4,732 6,959 69,612 5.4.22 £ 419 |
5.4.21 £ 8,600 47,260 351 245 1,514 5,289 5,899 |
|---|---|---|
| 69,158 | ||
| 5.4.21 £ 536 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2022 nor for the year ended 5 April 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2022 nor for the year ended 5 April 2021.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward |
Unrestricted fund £ 108,553 20 108,573 89,584 551 90,135 18,438 1,520,175 |
|---|---|
continued...
Page 7
ST. GEORGE AND ST. ATHANASIOUS COPTIC ORTHODOX CHURCH
Notes to the Financial Statements - continued for the Year Ended 5 April 2022
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 7. TANGIBLE FIXED ASSETS Fixtures Freehold Plant and and property machinery fittings £ £ £ COST At 6 April 2021 and 5 April 2022 1,364,692 4,618 28,264 DEPRECIATION At 6 April 2021 - 4,555 27,329 Charge for year - 9 140 At 5 April 2022 - 4,564 27,469 NET BOOK VALUE At 5 April 2022 1,364,692 54 795 At 5 April 2021 1,364,692 63 935 8. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Income tax recoverable 9. MOVEMENT IN FUNDS At 6.4.21 £ Unrestricted funds General fund 1,538,613 TOTAL FUNDS 1,538,613 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 98,145 TOTAL FUNDS 98,145 |
TOTAL FUNDS CARRIED FORWARD 7. TANGIBLE FIXED ASSETS Fixtures Freehold Plant and and property machinery fittings £ £ £ COST At 6 April 2021 and 5 April 2022 1,364,692 4,618 28,264 DEPRECIATION At 6 April 2021 - 4,555 27,329 Charge for year - 9 140 At 5 April 2022 - 4,564 27,469 NET BOOK VALUE At 5 April 2022 1,364,692 54 795 At 5 April 2021 1,364,692 63 935 8. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Income tax recoverable 9. MOVEMENT IN FUNDS At 6.4.21 £ Unrestricted funds General fund 1,538,613 TOTAL FUNDS 1,538,613 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 98,145 TOTAL FUNDS 98,145 |
Plant and machinery £ 4,618 4,555 9 4,564 54 |
Fixtures and fittings £ 28,264 27,329 140 27,469 795 |
Motor vehicles £ 26,202 25,121 270 25,391 811 |
||||
|---|---|---|---|---|---|---|---|---|
| 1,364,692 | 63 | 935 | 1,081 | |||||
| 5.4.22 £ 21,028 Net movement in funds £ 15,620 15,620 Resources expended £ (82,525) (82,525) |
||||||||
continued...
Page 8
ST. GEORGE AND ST. ATHANASIOUS COPTIC ORTHODOX CHURCH
Notes to the Financial Statements - continued for the Year Ended 5 April 2022
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 6.4.20 £ Unrestricted funds General fund 1,520,175 TOTAL FUNDS 1,520,175 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 108,573 TOTAL FUNDS 108,573 A current year 12 months and prior year 12 months combined position is as follows: At 6.4.20 £ Unrestricted funds General fund 1,520,175 TOTAL FUNDS 1,520,175 |
Net movement in funds £ 18,438 18,438 Resources expended £ (90,135) (90,135) Net movement in funds £ 34,058 34,058 |
At 5.4.21 £ 1,538,613 1,538,613 Movement in funds £ 18,438 18,438 At 5.4.22 £ 1,554,233 1,554,233 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund |
Incoming Resources resources expended £ £ 206,718 (172,660) |
Movement in funds £ 34,058 |
|---|---|---|
| TOTAL FUNDS | 206,718 (172,660) |
34,058 |
continued...
Page 9
ST. GEORGE AND ST. ATHANASIOUS COPTIC ORTHODOX CHURCH
Notes to the Financial Statements - continued for the Year Ended 5 April 2022
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2022.
Page 10
ST. GEORGE AND ST. ATHANASIOUS COPTIC ORTHODOX CHURCH
Detailed Statement of Financial Activities for the Year Ended 5 April 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Sundry income |
5.4.22 5.4.21 £ £ 76,834 84,864 21,305 23,689 |
|---|---|
| Investment income Deposit account interest |
98,139 108,553 6 20 |
| Total incoming resources EXPENDITURE Raising donations and legacies Church water charges Church light and heat Church repairs & renewals |
98,145 108,573 58 81 7,541 2,354 4,870 17,991 |
| Investment management costs Donations payable: Clergy living expenses Telephone Postage & stationery Motor & travelling Premises insurance Rates & water charges |
12,469 20,426 8,600 8,600 45,574 47,260 514 351 264 245 2,969 1,514 4,732 5,289 6,959 5,899 |
| Other Plant and machinery Fixtures and fittings Motor vehicles Bank charges |
69,612 69,158 9 11 140 165 270 360 25 15 |
| 444 551 |
|
| Total resources expended | 82,525 90,135 |
| Net income | 15,620 18,438 |
This page does not form part of the statutory financial statements
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