2021-12-31-accounts - The Coptic Orthodox Church Centre

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		Page
Report ofthe Trustees	1	to	4
Report ofthe Independent Auditors	5	to	6
Statement ofFinancial Activities
Statement ofFinancial Position
Statement ofCash Flows
Notes to the Statement ofCash Flows		10
Notes to the Financial Statements	11	to	19
Detailed Statement ofFinancial Activities	20	to	21

	FOR THE	YEAR EN	DED 31 DECE	MBER 2021
					31.12.21	31.12.20
			Unrestricted	Restricted	Total	Total
		Notes	fundsf	funds f	funds f	fundsf
INCOME AND ENDOWMENTS Donations and legacies	FRONI		434,593	168,166	602,759	1,139,832
Investment income Other income			25,003 88,647		25,003 88,647	24,782 159,371
Total			548,243	168,166	716,409	1,323,985
EXPENDITURE ON Raising funds			6,092		6,092	12,527
Charitable activities Church Expenses			216,164		216,164	247,792
Donations			90,718	186,889	277,164	101,144
City Mission Diocese ofLondon expenses			2,056 94,439		2,056 94,439	12,822 51,346
Convent Expenses Refcemi expenses Youth Expenses			32,549 200 1,927	16,049	32,549 16,249 1,927	7,628 20,000
Freedom of Religion and Belief	project			10,500	10,500
Contdbution to the Youth Fund Orthodox Diocese of London	ofthe Coptic		36,181		36,181
Other						5,339
Total			480,326	213,438	693,764	458,598
NET INCOME/(EXPENDITURE)			67,917	(45,272)	22,645	865,387
Transfers between funds		18	20,000	~20,000)
Net movement in funds			87,917	(65,272)	22,645	865,387
RECONCILIATION OF FUNDS
Total funds brought forward			4,052,822		4,052,822	3,187,435
TOTAL FUNDS CARRIED FORWARD			4,140,739	~65,272)	4,075,467	4,052,822

				31.12.21	31.12.20
		Unrestricted	Restricted	Total	Total
	Notes	funds f	funds f.	funds f	funds
FIXEDASSETS Tangible assets Investment properly	11 12	4,199,441 411,011		4,199,441 411,011	4,182,815 411,011
		4,610,452		4,610,452	4,593,826
CURRENT ASSETS
Debtors Cash at bank and in hand	13	73,597 718,423		73,597 718,423	109,487 904,513
		792,020		792,020	1,014,000
CREDITORS
Amounts falling due within one year	14	(115,885)	(65,272)	(181,157)	(159,306)
NET CURRENT ASSETS/(LIABILITIES)		676,	~65,2 2)	010,063	85,604
TOTAL ASSETSLESSCURRENT LIABILITIES		5,286,587	(65,272)	5,221,315	5,448,520
CREDITORS
Amounts falling due after more than one year	15	(1,145,848)		(1,145,848)	(1,389,448)
ACCRUALS AND DEFERRED INCOME	17				(6,250)
NET ASSETS		140739 ,	~652 2)	7407567,052.822
FUNDS	18
Unrestricted funds Restricted funds				4,140,739 ~65,212)	4,052,822
TOTAL FUNDS				4,075,467	4,052,822

	THE	COPTIC ORTHODO	X CHURCH CENTRE
		STATENIENT OF	CASH FLOWS
	FOR	THE YEAR ENDED 31 DECEMBER 2021
			31.12.21	31.12.20
		Notes	6
Cash flows from operating activities Cash generated from operations Interest paid			101,343 ~27,521 )	984,323 ~29,700)
Net cash provided by operating activities			73,822	954,623
Cash flows from investing activities Purchase of tangible fixed assets Interest received			(38,502) 3	(922,282) 32
Net cash used in investing activities			~38,499)	(922,250)
Cash flows from financing New loans in year Loan repayments in year	activities		(287,228855)	250,000 ~10,125)
Net cash (used in)/provided	by financing	activities	(287,285)	239,875
Change in cash and cash the reporting period	equivalents	in	(251,962)	272,248
Cash and cash equivalents beginning ofthe reporting	at the period		904,513	632,265
Cash and cash equivalents the reporting period	at the end	of	652,551	904,513

				NOTES TO THE S FOR THE YEAR	NOTES TO THE S FOR THE YEAR	TATEMENT OF CASH FLOWS ENDED 31 DECEMBER 2021	TATEMENT OF CASH FLOWS ENDED 31 DECEMBER 2021
	RECONCILIATION	OF		NET INCOME TO NET		CASH FLOW FRONI OPERATING		ACTIVITIES
								3'l.12.21 f	31.12.20 F
	Net income for the		reporting		period (as per the Statement ofFinancial
	Activities)							22,645	865,387
	Adjustments for:
	Depreciation charges							21,876	14,660
	Interest received							(3)	(32)
	Interest paid							27,521	29,700
	Decrease in debtors (Decrease)/increase		in	creditors				35,890 ~6,586)	42,864 31,744
	Net cash provided	by		operations				101,343	984,323
	ANALYSIS OF CASH AND CASH EQUIVALENTS
								31.12.21	31.12.20 f
	Cash in hand							447	229
	Notice deposits (less		than 3 months)					717,976	904,284
	Overdrafts included	in bank loans and overdrafts				falling due	within one year	~65,872)
	Total cash and cash		equivalents					652,551	904,513
3.	ANALYSIS OF CHANGES IN NET DEBT
							At 1.1.21	Cash flow 6	At 31.12.21 f
	Net cash
	Cash at bank and	in	hand				904,513	(186,090)	718,423
	Bank overdrafts							~65,872)	~65,872)
							904,513	(251,996622)	652,551
	Debt
	Debts falling due within			1 year			(106,000)	43,685	(62,315)
	Debts falling due after 1 year						(1,389,448)	243,600	(1,145,848)
							(1,495,448)	287,285	(1,208,163)
	Total						(590,935)	35,323	~555,612)

	FOR THE YEAR ENDED 31 DECEMB	FOR THE YEAR ENDED 31 DECEMB	FOR THE YEAR ENDED 31 DECEMB	FOR THE YEAR ENDED 31 DECEMB	ER 2021
	DONATIONS AND LEGACIES
					31.12.21 8	31.12.20 f
	Donations				361,389	1,013,886
	Gift aid				73,204	110,001
	Grants				168,166	15,945
					602,759	1,139,832
	Grants received,	included		in the above, are as follows:
					31.12.21	31.12.20
						6
	Institute of Development Other grants			Studies	168,166	15,945
					168,166	15,945
3.	INVESTMENT INCOME
					31.12.21	31.12.20
	Rents receivable				25,000	24,750
	Deposit account	interest			3	32
					25,003	24,782
4.	RAISING FUNDS
	RAISING DONATIONS		AND LEGACIES
					31.12.21	31.12.20
					6
	Telephone &Internet				3,849	7,014
	Postage and stationery Sundries				476 1,767	757 4,756
					6,092	12,527

CHARITABLE ACTIVITIES COSTS
		Grant
		funding	of
		activities		Support
	Direct	(see note		costs (see
	Costs f	6)f		note 7) f	Totals f
Church Expenses	199,879			16,285	216,164
Donations	264	277,343			277,607
City Mission Diocese of London expenses	2,056 94,439				2,056 94,439
Convent Expenses	32,549				32,549
Refcemi expenses Youth Expenses	16,249 1,927				16,249 1,927
Freedom of Religion and Belief project	10,500				10,500
Contribution to the Youth Fund ofthe
Coptic Orthodox Diocese ofLondon	36,181				36,181
	394,044	277,343		16,285	687,672
GRANTS PAYABLE
				31.12.21 f	31.12.20 f
Donations
				277,343	101,144

STAFFCOSTS
				31.12.21	31.12.20 f
Wages and salaries Social security costs Other pension costs				106,191 5,527 1,141	81,187 2,883 751
				112,859	84,821
The average monthly	number ofemployees	during	the year was as follows:
				31.12.21	31.12.20
Caretaker				1	1
Media				1
Priest				1
Secretarial				1

			Unrestricted	Restricted	Total
			fundsf	funds	funds
INCOME AND ENDOWMENTS		FROM
Donations and legacies			1,139,832		1,139,832
Investment income			24,782		24,782
Other income			159,371		159,371
Total			1,323,985		1,323,985
EXPENDITURE ON
Raising funds			12,527		12,527
Charitable activities
Church Expenses			247,792		247,792
Donations
			101,144		101,144
City Mission Diocese ofLondon	expenses		12,822 51,346		12,822 51,346
Convent Expenses
			7,628		7,628
Refcemi expenses			20,000		20,000
Other			5,339		5,339
Total			458,598		458,598
NET INCOME			865,387		865,387
RECONCILIATION	OF' FUNDS
Total funds brought forward			3,187,435		3,187,435
TOTAL FUNDS CARRIED FORWARD			4,052,822		4,052,822

11.	TANGIBLE FIXEDASS	ETS
			Fixtures
		Freehold	and	Motor
		property 5	fittings f	vehicles	Totals 6
	COST
	At 1 January 2021	4,100,193	215,103	9,300	4,324,596
	Additions		1,937	36,565	38,502
	At 31 December 2021	4,100,193	217,040	45,865	4,363,098
	DEPRECIATION
	At 1 January 2021		132,992	8,789	141,781
	Charge for year		12,607	9,269	21,876
	At 31 December 2021		145,599	18,058	163,657
	NET BOOK VALUE
	At 31 December 2021	4,100,193	71,441	27,807	4,199,441
	At 31 December 2020	4,100,193	82,111	511	4,182,815
12.	INVESTMENT PROPERTY
	FAIR VALUE
	At 1 January 2021
	and 31 December 2021				411,011
	NET BOOK VALUE
	At 31 December 2021				411,011
	At 31 December 2020				411,011
13.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
				31.12.21	31.12.20
					6
	Other debtors			73,597	109,487
14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.12.21	31.12.20
	Bank loans and overdrafts (see note 16)			128,187	106,000
	Trade creditors			32,917	37,733
	Taxation and social secudiy			3,723	5,794
	Other creditors			16,330	9,779
				181,157	159,306

			FOR THE YEAR EN	DED 31 DE	CEMBER 2021
15.	CREDITORS: AMOUNTS		FALLING DUE AFTER	MORE THAN	ONE YEAR	31.12.21 f	31.12.20
	Bank loans (see note 16)					1,145,848	1,389,448
16.	LOANS
	An analysis ofthe maturity		ofloans is given below:
						31.12.21 F	31.12.20 f
	Amounts falling due within Bank overdrafts RBSLand Loan		one year on demand:			65,872 62,315	56,000
	CBILBank Loan BS						50,000
						128,187	106,000
	Amounts falling between Bank loans - 1-2years	one and two years:				62,000	106,000
	Amounts falling due between two and five years: Bank loans —2-5 years					168,000	318,000
	Amounts falling due in more than five years:
	Repayable by instalments: Bank loans more 5yr by	instal				915,848	965,448
17.	ACCRUALS AND DEFERRED INCOME					31.12.21 F	31.12.20 f
	Accruals and deferred income						6,250
18.	MOVEMENT IN FUNDS
					Net	Transfers
					movement	between	At
				At 1.1.21	in funds F	funds F	31.12.21 f
	Unrestricted funds General fund			2,625,638	61,178	290,121	2,976,937
	St Mark 8 Pope Tawadros Youth Fund Benevolent Fund London Diocesan Fund		Fund	(193,756) 60,228 65,263 1,495,449	13,456 (23,321) 26,355 ~9,751)	(18,830) 272 ~251,563)	(199,130) 37,179 91,618 1,234,135
				4,052,822	67,917	20,000	4,140,739
	Restricted funds
	Refcemi projects Institute Studies		of Development		(45,272)	(20,000)	(65,272)
	TOTAL FUNDS			4,052,822	22,645		4,075,467

Net movement in funds, in	duce	d in t	he above	are as follows:
					Incoming	Resources	Movement
					resources f	expended f.	in funds f
Unrestricted funds
General fund					292,869	(231,691)	61,178
St Mark &Pope Tawadros Youth Fund Benevolent Fund London Diocesan Fund	Fund				701 29,285 107,619 117,769	12,755 (52,606) (81,264) (127,520)	13,456 (23,321) 26,355 ~9,751)
					548,243	(480,326)	67,917
Restricted funds
Refcemi projects Institute of Development Studies					168,166	(213,438)	(45,272)
TOTAL FUNDS					716,409	(693,764)	22,645
Comparatives for movement		in funds
					Net	Transfers
					movement	between	At
				At 1.1.20 f.	in funds f.	funds f	31.12.20 f
Unrestricted funds
General fund				2,670,604	27,988	(72,954)	2,625,638
St Mark &Pope Tawadros Youth Fund	Fund			42,419 53,032	(10,005) 12,912	(226,170) (5,716)	(193,756) 60,228
Benevolent Fund London Diocesan Fund				69,461 351,919	(6,198) 840,690	2,000 302,840	65,263 1,495,449
				3,187,435	865,387		4,052,822
TOTAL FUNDS				3,187,435	865,387		4,052,822
Comparative net movement	in	funds,	included	in the above are as	follows:
					Incoming	Resources	Movement
					resources f	expended f	in funds f
Unrestricted funds
General fund					244,995	(217,007)	27,988
St Mark &Pope Tawadros Youth Fund	Fund				3,624 30,418	(13,629) (17,506)	(10,005) 12,912
Benevolent Fund London Diocesan Fund					85,194 959,754	(91,392) ~119,064)	(6,198) 840,690
					1,323,985	458,598	865,387
TOTAL FUNDS					1,323,985	~458,598)	865,387

A current	year 12months	and prior year 12mo	nths combined positi	on is as follows:
				Net	Transfers
				movement	between	At
			At 1.1.20 f	in funds f	funds f	31.12.21
Unrestricted funds
General	fund		2,670,604	89,166	217,167	2,976,937
StMark &Pope Tawadros Youth Fund Benevolent Fund		Fund	42,419 53,032 69,461	3,451 (10,409) 20,157	(245,000) (5,444) 2,000	(199,130) 37,179 91,618
London	Diocesan Fund		351,919	830,939	51,277	1,234,135
			3,187,435	933,304	20,000	4,140,739
Restricted funds
Refcemi Studies	projects Institute	of Development		(45,272)	(20,000)	(65,272)
TOTAL	FUNDS		3,187,435	888,032		4,075,467

A current year 12 months follows:	and prior year 12 months co	mbined net movement in fu	nds, included in th	e above are
		Incoming	Resources	Movement
		resources f	expended f	in funds f
Unrestricted funds
General fund		537,864	(448,698)	89,166
St Mark &Pope Tawadros Youth Fund	Fund	4,325 59,703	(874) (70,112)	3,451 (10,409)
Benevolent Fund London Diocesan Fund		192,813 1,077,523	(172,656) L246, 558844)	20,157 830,939
		1,872,228	(938,924)	933,304
Restricted funds
Refcemi projects Institute Studies	of Development	168,166	(213,438)	(45,272)
TOTAL FUNDS		2,040,394	(1,152,362)	888,032