2024-12-31-accounts

REGISTERED CHARITY NUMBER: 1024592 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE COPTIC ORTHODOX CHURCH CENTRE George Gendy (Senior Statutory Auditor) on behalf of Prescott Gendy Aslam Hollington House Flitton Hill Bedford Bedfordshire MK45 2BE

THE COPTIC ORTHODOX CHURCH CENTRE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Report of the Independent Audltors Statement of Financial Activities Statement of Financial Position Statement of Cash Flows Notes to the Ststement of Cash Flows Notes to the Financial Statements 10 11 to 17 Detailed Statement of Financial Activities 18 to 19

THE COPTIC ORTHODOX CHURCH CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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). OBJECTIVES AND ACTIVITIES Objectives and aims The main objective of the charity is to promote the faith of the Coptic Orthodox Church. The trustees have CL)nsidered the Commissioners guidan￿ on the public benefit and. in particular, the spectfic guidan￿ on charities for Ihe advancement of all religions. The charrty will continue to provide the followtng services and aclivits'es as currently provided by the ontre in pursuan￿ of rts charitable aims-. To provide and maintain a place of public v￿rshIp and for officiating sacraments and for the due perfomiance of the rites of marriage and other ceremonies according to the pnnciples of the Coptic Orthodox Church. To leach and educate members of the Coptic Orthodox Community in the doctrine and praCtI￿S of The Coptic Orthodox Church. To hold and othetwise promote religious meetings and conferences including the provision of accommodation for persorTrs from other churches in the ￿ntr&. To assist Ihe needy rnembers of the Coptic Orthodox Church in the Unrted KingdoTn and also abroad to include payment of donats'ons for this purpose. To promote and run youth a￿1VitieS both Physical and spirtlual to include the prowsion of Sunday school. youth meetin9S and family trips. To provide four weekly masses. Significant activities The Coptic Orthodox Church has continued as a member ot all the official ecumenical instrument in the United Kingdom. The church continues to work towards developing relationships with other religions and interfaith groups and has established contacts with govemment inlerfaith and cohesion departments. The Coplic Orthodox Church takes an active participation and contribution to the progress of Christian ministry wthin the Urlited Kingdom.. The parish of Saint George. within The Coptic Orthodox Cenlre provides a variety of spiritual, social and community services to people within Hertfordshire, Greater London. Cambridge, Bedforshire and surrounding areas. 11 provides ServI￿S and activities for all the family with a variety of facilrties within the Centre. The Charity has continued to increase It's on line ser11￿S and sermon5 for all parishionets. Volunteers Volunteers, who are members of our church are involved in our thurch and community activities and contribute great to both our failh and community work. We encourage our youth to partFcipate in our church activities and in the City Mission project we run for the homeless.Trustees also give their time freely to the charity- All volunteers, cleigy, servants and paid and unpaid slaff. V￿rkIng projects Invo￿1n9 children or other vulnerable groups are subject to an enhan￿d Disclosure and Barrrng Service (DBS) check. ACHIEVEMENT AND PERFORMANCE Charitable activities The charity carries out a wide range of activities in Pursuan￿ of its charitable aims to promote the Coptic Church in the UK.. The Saint George Benevolent Fund was fomied to relieve povety by providing for food. medical and educational needs to the poorest communities in Egypt and Sudan. Thanks lo the generosity of our donors to this fund we have conlinued to provide for the poor and all moneys ￿llected for this purpose were sent directly lo where il is most needed.. The aclivilies undertaken by the Charity by promoting the Fatth and helping the poorest families in Egypt and Sudan have improved the lives of it's beneficiaries and wth the aim of making a difference.. Page 1

THE COPTIC ORTHODOX CHURCH CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Fundraising activities During the year the Church has continued to re￿]ve donations from the congregation and friends of the Church. The nds raised from donations are used to pay for the tunning costs of the church and for the upkeep and maintenance of the church buildings. Donations We￿ also received inlo the St George benevolent Fund which are used lo alleviate povety and suffering in Egypt, Sudan and other places. All donations received by the St George Benevolent Fund are sent directly to help the needy and wtll continue to help those in need. Investment performance During the year the church continued to maintain irs assets with general Maintenan￿ of it's buildings at a cost of £44,869 in the year. FINANCIAL REVIEW Financial position The statement of finanaal adivities is set oth on page 7 and shows resuits for the year. The Coptic Othodox Church Centre reported a net surplus on unrestricted funds of £42,053 before a transfer of funds of £164,923 was made to The Coptic Orthodox DI0￿Se of London.. At 31 st December 2024. as shown on Ihe statement of Financial Position. the Centre had net assets of £3,888,342 mainly held in Fixed assets and in bank cu￿ent accounts. Principal funding sources The principle funding sources are from voluntary donations from members and friends of the Coptic Orthodox Church Centre. Reserves policy Free reseNes were held at the Charitys bank of £237,817 for future improvements to the buildings and to assisl where il may be necessary for the needy in both the UK and abroad. FUTURE PLANS In addition to continuing the V￿rt( to meet our objectives and aims, The Coptic Orthodox Church Centre will continue serving it's community locally the United Kingdom through a series of spiritual and pastoral activities. The Centre will also continue to serve the wider communty the ongoing challenges presented by the conflicts in the world and affects on the economy on communtties in the Uk and overseas. The Centre will also endeavour to serve those in greatest need. as we look towards developments within our community and in the broader community in the coming months and years. STRUCTURE, GOVERNANCE AND AIANAGEMENT Governing document The charty is controlled by its goveming document. a deed of trust and constrtules an unincorporated charity. Recruitment and appointment of new trustees The trustees are responsible for the recruitment of new trustees. Appointment of new trustees are governed by the charity's constitution.New trustees are given training by existing trustees on The Church Constitution and on the financial position and future plans and objectives. Organisational structure The Coptic Orthodox Church Centre is part of the Copth'c Orthcmjox Church in Egypt which has as tts Supieme Head the Pope of Alexandria and derives its spiritual authority lo fijnction from the Holy Synod of the Coptic Orthodox Palriarchale in Cairo. Egypt_ The charity trustees, Dr E Hemaya and Archbishop A Angaelos are responsible for the general control and management of the charity. The trustees give their time freely and re￿1ve no remunerats.on or other finanaal benefits. The management of the Church is vested in a Committee who are appointed by the Pope. The Offi￿r$ of the Church are the Chairman, Secretary and Treasurer who are appointed by the Committee from its members. The Committee meels logether a5 a body at least four times a year and are responsible for all decisions taken in relation lo Ihe administration of the charity. Page 2

THE COPTIC ORTHODOX CHURCH CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Induction and training of new trustees Following appointment. new truslees are introduced to their role and are given a copies of the Deed of Constitution and policies and procedures adopted by the charity- Risk management The trustees have a duty to identtfy and review the risks to which the charity is exposed and to ensure appropriale controls are in place to provide reasonable assurance against major risks by activty.The trustees are satisfied that system5 and prO￿dureS are in place. or arrangements are in hand. to manage any risks thal have been identified. The trustees have considered the potential impact of the coronavirus pandemic and have put further prO￿dureS in place to mitigate the tisks the church faces and to ensure Complian￿ Y￿th health and safety of tys parishioners. visitors, volunteers and staff. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1024592 Principal address Shephalbury Manor Broadhall Way Stevenage Hertfordshire SG2 8NP Trustees Archbishop A Angaelos Dr E Hemaya Auditors George Gendy (Senior Slatutory Auditor) on behalf of Prescott Gendy Aslam Hollinglon House Flitton Hill Bedford Bedfordshire MK45 2BE TRUSTEES. RESPONS181LITY STATEMENT The trustees are responsible for prepartng the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Unrted KJ"ngdom Generally Accepted Accounling Practice). The law applicable to charities in England and Wales. the Charities Act 2011. Chartty (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires thÈ trustees to prepare finan￿al statemerlts for each financial year which give a true and fair view of the state of affairs of the thartty and of the incoming resources and applicalion of reSoUr￿s, including the income and expenditure, of the charity for that period. In preparing those financial slatemenls, the trustees are reqtjired to select Suttable accounting polioes and then apply them consistently," obsetve the methods and principles in the Charity SORP", make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going can￿M basis unless il is inapproptiate to presume that the charFty will conlinue in business. The trustees are restM)nsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the charrty and to enable theffl to ensure that the finanual stalements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hen￿ for taking reasonable steps for the prevention and deteclion of fraud and other irregulartties. Page 3

THE COPTIC ORTHOt)OX CHURCH CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 and signed on its behalf by: Archbishop A Angaelos - Tmstee Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE COPTIC ORTHODOX CHURCH CENTRE Opinion We have audited the financial statements of The Coptic Orthodox Church Cenlre Ithe 'charity) *or the year ended 31 December 2024 which comprise the Statement of Financial Activities. the Statement of Financial Position, the Slaternenl of Cash Flows and notes to the financial statements, including 8 summary of signtficanl accounting policies. The financial reporting framework that has been applied in theif preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally A￿pIed A(uunting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charitys affairs as at 31 December 2024 and of its incoming resources and application of resour￿5, for the year then ended- have been properly prepared in accordan￿ vdth United Kingdom Generally Accepted Aco)unting Practice., and have been prepared in accordance wtth the requirements of the Chartties Act 2011. Basis for opinion We con(fucted our audit in accordance vrith Intemational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Audilors. ￿sponSIbl1111eS for the audit of the financial statements sedion of our report. We are independent of the charity in accordance with the elhical reqLJirements that are relevant to our audtt of the finanual statements in the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have oblained is SLrfficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the ttustees. use of the going con￿rn basis of accounting in the preparation of the financial stalements is appropriate. Based on the work we have performed, we have not identtfied any material Un￿rtaInlieS relating to events or conditions thal. individually or collectively, may cast signtficant doubt on the charity's ability to continue as a going concern for a period of at least ￿e1ve months from when the financial statemerrts are authorised for issue. Our responsibiltties and the responsibiltties of the trustees with respect to going concem are described in the relevant sections of this report. Other inforniation The trustees are responsible for the other infoffliation. The other infomiation comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other infonnation and, excepl to the exlent otherwise explicitly ststed in our report. do not express any fonn of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibilty is to read the other infomation and, in doing so, consider whether the other information is materially inconsistent bwth the financial statements or OLFr knowledge obtained in Ihe audil or olherwise appears to be materially misstated. If we identify such malerial inconsistencies or apparent material misstatements. we are required to delemiine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perforTned. we conclude that there is a material misslalement of this other infomalion, we are required to report that fad. We have nothing lo report in this regard. Matters on which we a￿ required to report by exception We have nothing lo report in respect of the following mattets where the Charittes (A￿OUnts and Reports) Regulations 2008 reqLJires us to report to you if, in our opinion.. the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements., or sufficient accounting records have not been kept.. or the financial statements are not in agreement with the accounting records and retums- or we have not received all the infomiation and explanations we require for our audit. Responsibilities of trustees As explained more fully in thè Trustees. Responsibilities Statement. the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements Ihat a￿ free from material misstatement, whether due to fraud or error. In preparing the financial statements. the tnjstees are responsible for assessing the charity's abilty to continue as a going concern, disclosing, as applicable, matters relaled to going concem and using the going concem basis of accounting unless the trustees either intend to liquidate the charity or to ￿ase operations, or have no realistic alternative but to do so. Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE COPTIC ORTHODOX CHURCH CENTRE Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordan￿ with the Act and relevant regulations made or having effect theieunder. Our objectives are to oblain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordan￿ wilh ISAS {UK) will atways detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected lo influen the economic decisions of users taken on the basis of these financial statements. The extent to which our prO￿d￿reS are capable of detecting irregularities. induding fraud is detailed below: I have considered the legal and regulation requirements appli(3ble to the charity including the Charity Act 2011 and the changes introduced by the Charities Act 2022 and the charity Sotp. I have focused on specific laws and regulations which I considered may have a material effect on the financial statements, data protection. employment and risk assessments carried out by the TrLtstees. I discussed Ihe risks of non-cofflp1ian￿ wilh the laws and regulations the Trustees and also made enquiries with them as to any known InStan￿S of non-compliance or if they suspected any non-complian￿ with laws and regulations. considered any risks of material mis-slatement of the financial statements due lo fraud or error how this could occur. Following discussions held with the management and the Trustees. l also looked at any possible weaknesses in the internal controls that could result in fraud or non-compliance and have designed our audit procedures lo test Ihe controls and inlemal pr0￿dureS. I have carried out analytical pro￿dureS to identrfy and unusual or unexpected relationships. A further description of OLJr responsibilities for Ihe audit of the financial slatemenls is localed on the Financial Reporting Courlcil's website at www.frc.org.ukJauditorsresponsibilrties. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charivs trustees, as a body. in accordan￿ with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so thal we rnight state to Ihe charity's trustees those matters we are r by law. we do quired to state to them in an auditors. report and for no olher purpose. To the fullest extenl permilted ccepl for our audit w rthi assume responsibility to anyone other than the charity and the charity's trustees as a body. port. or for the opinions we have fomied. George Gen on beh Senior StatLrtory Auditor) of Prescott Gendy Aslam Holli on House Flitton Hill Bedford Bedfordshire MK45 2BE Date: Page 6

THE COPTIC ORTHODOX CHURCH CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 Total funds Unrestrtcted funds 31.12.23 Total funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 497.880 497.880 479,346 Investment income Other income 25,172 25.172 25,154 6,085 Total 523.052 523,052 510.585 EXPENDITURE ON Raising funds 9,676 9,676 9,091 Charitable activities Church Expenses Donations Diocese of London expenses Convent expenses Ref￿mI expenses Youth expenses Contribulion to The Coptic Orthodox DI0￿Se of London 341.144 110,095 341,144 110.095 350,205 109,248 12,931 5,472 5,472 729 3,644 1.412 1.412 164.923 164,923 Other 13,200 13,200 13.200 Total 645,922 645,922 508,112 NET INCOMEI{EXPENDITURE) (122.870) (122,870) 2.473 RECONCILIATION OF FUNDS Totsl funds brought forward 4.011.212 4,011.212 4,008,739 TOTAL FUNDS CARRIED FORWARD 3.888,342 3,888.342 4,011,212 The notes fomi part of these financial statements Page 7

THE COPTIC ORTHODOX CHURCH CENTRE STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024 Unrestricted funds 31.12.24 Total funds 31.12.23 Total fvnds Restricted fvnds FIXED ASSETS Tangible assets Investment property Notes 4.185,478 411.011 12 4,185.478 411,011 4,202,838 411,011 4,5%.489 4,596,489 4,613,849 CURRENT ASSETS Debtors Cash al bank and in hand 13 141.924 237,817 141,924 237,817 90.176 504,230 379.741 379,741 594,406 CREDITORS Amounts falling due within one year 14 (78.261) {78.261) (107,013} NET CURRENT ASSErs 301,480 301,480 487,393 TOTAL ASSETS LESS CURRENT LIABILITIES 4.897,969 4.897,￿9 5,101,242 CREDITORS Amount5 falling due after more than one year 15 {1,(X)9.627) (1,009.627) (1,090,030) NET ASSETS 3.888.342 3.888,342 4,011.212 FUNDS Unrestricted funds 17 3.888.342 4,011.212 TOTAL FUNDS 3,888,342 4,011,212 The financial statements were approved by the Board of Trustees and a￿horised for issue nd were signed on its behalF by.. on E Hemaya- Tmst The notes fomi part of these financial statements Page 8

THE COPTIC ORTHODOX CHURCH CENTRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 Notes 31.12.23 Cash flows from operating activities Cash generated from operations Interest paid (￿,310) (80.2851 344,775 {77,341 } Net cash (used in)Iprovided by operating activities (170,595) 267,434 Cash flows from investing activities Purchase of tangible fixed assets Interest received (2,265) 172 Net cash {used in)Iprovided by investing athvities (2,093) 154 Cash flows from financing activities Loan repayments in year Loans more Ihan 1 year (63,322) (30.403) (32,002} Net cash used in financing activities (93.725) (32,002> Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporttng period (266.413) 235,586 504,230 268,644 Cash and cash equivalents at the end of the reporting period 237,817 504,230 The notes form part of these financial statements Page 9

THE COPTIC ORTHODOX CHURCH CENTRE NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 RECONCILIATION OF NET {EXPENDITUREyINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.12.24 31.12.23 Net (expenditU￿)rIncorne for the reporting period (as per the Statement of Financial Activities) Adjustrtents for: Deprecialion charges Interest received Interest paid (Increase)Idecrease in debtors (Decrease)Iincrease in fxeditors (122,870) 2,473 19.625 (172) 80.285 (51.7481 (15.430) 20,567 (154> 77,341 231,681 12,867 Net cash (used in)Iprovided by operations {90.310) 344,775 ANALYSIS OF CHANGES IN NET DEBT At 1.1.24 Cash flow At 31.12.24 Net cash Cash at bank and in hand 504,230 {266.413) 237.817 504.230 (266,413) 237,817 Debt Debts falling due within 1 year Debts falling due after 1 year (64,120) (1.090,030) 1,020 80,403 {63,100) (1,009.627) (1.154.150) 81,423 {1,072.727) Total (649,920) (184,9￿) (834,910) The notes fonn part of these financ4al statements Page 10

THE COPTIC ORTHODOX CHURCH CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charity, which is a public benefit entity under FRS 102, have been piepared in accordance with the Chanties SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities prepaiing 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 Charities Act 2011. The finanaal statements have been prepared under the historical cosl convention. INCOME All income is recognised in the Statement of Financial Activities ono the charity has entitlement lo the funds, il is probable that the income will be received and the atnount can be measured reliably. EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legal or constmctive obligation committing the harity lo that expenditure. it is probable thal a transfer of economic beneffts will be required in settlement and the amount of the obligation can be measured reli2bly. Expenditure is accounted foi on an accruals basis and has been classified under headings that aggregate all cost related to the category. Vvheie cost5 cannot be directly attributed to particular headings they have been allocated to activities on a basis c4)nsistent with the use of reSoUr￿s. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. TANGIBLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off each assel over its estimated useful life. Fieehold property Fixtures and fittings Motor vehicles 20/0 on cost 150A on reducing balance 25¥0 on reducing balan Depreciation is not charged on freehold land. Depreciation on the freehold buildings would be chargeable but is subject to an annual review of the pioperties by the trustees. No depreciation was considered necessary due to the continuous repairs and maintenance of the properties. INVESTMENT PROPERTY Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is fecognised in the Slatement of Finar7aal Activtlies. TAXATION The charity is exempt from tax on its charitable activities. FUND ACCOUNTING Unrestricted funds can be used in aC￿rdance Viith the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes wFthin the objects of the charity. Restrictions arise when specified by Ihe 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. DONATIONS AND LEGACIES 31.12_24 31.12_23 Donations Gift aid 446,132 51,748 432,894 46,452 497.880 479,346 Page 11 conlinued...

THE COPTIC ORTHODOX CHURCH CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 INVESTMENT INCOME 31.12.24 31.12.23 Rents receivable Depostt account interest 25,000 172 25,000 154 25.172 25.154 RAISING FUNDS RAISING DONATIONS AND LEGACIES 31.12.24 31.12.23 Telephone & Internet Postage and stationery Sundries Event Catering and expenses 4,192 2,568 1,493 1.423 7,185 850 1,056 9.676 9,091 CHARITABLE ACTIVITIES COSTS Grant funding of aclivities (see note Direct Costs Support costs (see note 7) 6) Totals Church Expenses Donations Convent expenses Youth expenses Contribution to The Coptic Orthodox DI0￿Se of London 334,752 6,392 341,144 110,095 5,472 1,412 110.095 5.472 1.412 164.923 164,923 506,559 110.095 6,392 623.046 GRANTS PAYABLE 31.12.24 31.12.23 Donations 110,095 109,730 The Charity made grants to Instrtutions in the year totalling £110,095 From the St Georges Benevolent Fund to help the needy in Egypt. Grants were made in accordan￿ wrth objeclives of the charity. SUPPORT COSTS Governan costs Other resources expended Church Expenses 13.200 6,392 19.592 Page 12 continued...

THE COPTIC ORTHODOX CHURCH CENTRE NOTES TO THE FINANCIAL STATEMENTS _ continued FOR THE YEAR ENDED 31 DECEMBER 2024 SUPPORT COSTS - continu Stjpport costs, included in the above, are as follows: 31.12.24 Other resou￿$ expended 31.12.23 Church Expenses Total adivities Total aclivities Auditors, remuneration Legal & professional fees 13,200 13.200 6,392 6.392 13,200 6,040 13.200 6,392 19.592 19.240 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other beneffts for the year ended 31 December 2024 nor for the year ended 31 December 2023. TRUSTEES, EXPENSES There were no Irustees, expenses pa￿ for the year ended 31 December 2024 nor for the year ended 31 De￿mber 2023. STAFF COSTS 31.12.24 31.12.23 Wages and salaries Social security costs Other pension costs 48,858 735 67,021 1.446 340 49.593 68,807 The average monthly number of employees during the year was as follows: Media Priest Secretarial 31.12.24 31.12.23 No employees received emoluments in excess of £60,OCrf). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Un￿Stncted fijnds 10. Reslricted funds Total funds INCOME AND ENDOWMENTS FROM Donalions and legacies 479.346 479,348 Investment income Other income 25.154 6,085 25,154 6,085 Total 510,585 510,585 EXPENDITURE ON Raising funds 9.091 9.091 Charitable activitie5 Church Expenses Donations Diocese of London expenses Convent expenses 350.205 109,248 12.931 350.205 109,248 12,931 Pa9e 13 continued...

THE COPTIC ORTHODOX CHURCH CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Continued Unrestricled funds 10. RestTiCted funds Total funds Refcemi expenses Youth expenses 729 729 3,644 Other 13.200 13.200 Total 508.112 508,112 NET INCOME Transfers between funds 2,473 65,272 2,473 (65,272) Net movement in funds 67,745 (65,272) 2,473 RECONCILIATION OF FUNDS Total fijnds brought forward 3,943,467 65.272 4.1)08.739 TOTAL FUNDS CARRIED FORWARD 4.011.212 4,011,212 11. TANGIBLE FIXED ASSETS Fixtuies and fittings Freehold propety Motor vehicles Totals COST At 1 January 2024 Additions 4.1LKJ.193 266,017 2.265 45,865 4,412.075 2.265 At 31 December 2024 4,100.193 268.282 45,865 4,414,340 DEPRECIATION At 1 January 2024 Charge for year 179,014 13.390 30,223 6,235 209.237 19,625 At 31 December 2024 192.404 36,458 228,862 NET BOOK VALUE Al 31 December 2024 4.100,193 75.878 9,407 4,185,478 At 31 December 2023 4.100,193 87,003 15,642 4,202,838 12. INVESTMENT PROPERTY FAIR VALUE At 1 January 2024 and 31 De￿mber 2024 411,011 NET BOOK VALUE Al 31 December 2024 411.011 Al 31 December 2023 411.011 Page 14 continued...

THE COPTIC ORTHODOX CHURCH CENTRE NOTES TO THE FINANCIAL STATEMENTS _ Continued FOR THE YEAR ENDED 31 DECEMBER 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 13. 31.12.24 31.12.23 Other debtors The Coptic Diocese of London 141,925 (1) 90,177 {1) 141,924 90.176 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Bank loans and overdrafts (see note 16) Trade creditors Taxation and social security Other creditors 63,100 64,120 1,701 13,459 1,050 41,841 78,261 107.013 15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.24 31.12.23 Bank loans {see note 16) 1.009.627 1,090,030 16. LOANS An analysis of the maturity of loans is given below-. 31.12.24 31.12.23 Amounts falling due wilhin one year on demand= RBS Land Loan 63,100 64.120 Amounts falling between one and two years.. Bank loans- 1-2 years 63,100 64,120 Amounts falling due between Iwo and five years.. Bank loans- 2-5 years 189,330 192,360 Amounts falling due in more than five years.. Repayable by instalments.. Bank loans more 5 yr by instal MOVEMENT IN FUNDS 757.197 833.550 17. Net movement in funds Transfers between fvnds At 1.1_24 At 31.12.24 Unrestricted funds General lund St Mark & Pope Tawadros Fund Youth Fund Benevolent Fund London Di0￿San Fund 3.001.962 {233.856) 48.152 47,477 1.147.477 22.753 (102.493) 184,126 (3,696) (25,030) (52,907) 2,922,222 (49.730) 45,854 42,807 927.189 1.398 20,360 (167.381) 4,011.212 (122.870) 3,888,342 TOTAL FUNDS 4.011.212 (122.870) 3,888,342 Page 15 continued...

THE COPTIC ORTHOtK)X CHURCH CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS_ continued Net movement in funds. included in the above are as follows.. 17. Incoming resources Resour￿$ expended Movement in fvnds Unrestricted funds General fund Youth Fund Benevolent Fund London Di0￿san Fund 413.926 (391.173) 162) (84,230) {170,457) 22,753 1,398 20,360 (167,381) 104,590 3.076 523,052 (645,922) (122,870) TOTAL FUNDS 523,052 (645,922) (122,870) Comparatives for movement in funds Net movement in funds Transfers between funds At 1.1.23 At 31.12.23 Unrestricted funds General fund St Mark & Pope Tawadros Fund Youth Fund Benevolent Fund London Diocesan Fund 2.876,876 {233.862) 41,046 53,238 1,2(b.169 11.248 113,838 3.001.962 {233,856) 48,152 47,477 1.147.477 9,378 8,158 (26.317) {2,272} (13,919) {32,375) Restricted funds Refcemi projects Instttute of Development Studies 3,943.467 2.473 65,272 4,011,212 65.272 (65.272) TOTAL FUNDS 4,(N)8.739 2.473 4,011,212 Cornparative net movement in funds, induded in the above are as follows" Incoming reSoU￿S ReSoUr￿S expended Movement in funds Unrestricted funds General ftjnd Sl Mark & Pope Tawadros Fund Youth Fund Benevolent Fund London Di0￿san Fund 354,028 (342,780) 11.248 13,034 127,645 15.878 (3.656) {119,4871 (42.195) 9,378 8,158 (26,317) 510,585 1508.1121 2.473 TOTAL FUNDS 510.585 (508,112) 2,473 Page 16 continued...

THE COPTIC ORTHODOX CHURCH CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS - continued 17. A current year 12 months and prior year 12 months combined position is as follows" Net movement in funds Transfers between fijnds At 1.1.23 At 31.12.24 Unrestricted funds General fund st Mark & Pope Tawadros Fund Youth Fund Benevolent Fund London Diocesan Fund 2,876,876 {233.862) 41.046 53.238 1.206,169 34,OQ1 11,345 184,126 {5.968) (38,949} (85.282) 2,922,222 {49,730) 45,854 42,807 927,189 10.776 28,518 (193,698) Restricted funds Refcemi projects Institute of Devdopmerrt Studies 3.943.467 {120,39n 65,272 3.888.342 65.272 (65.272) TOTAL FUNDS 4,008,739 (120,39n 3.888,342 A current year 12 months and prior year 12 months combined net movement in funds. induded in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund St Mark & Pope Tawadros Fund Youth Fund Benevolent Fund London Diocesan Fund 767.954 (733,953) 34,001 14,494 232.235 18.954 (3,718) (203,717) (212,652) 10.776 28,518 (193,698) 1.033.637 (1.154,034) (120.397) TOTAL FUNDS 1.033.637 (1,154,034) (120,3971 18. RELATED PARfi DISCLOSURES During the year a transfer of funds was made by way of a contTibution to the Coptic Orthodox Di0￿Se of London a charity registered in England, to the value of £164.923. These funds were held by Ihe Coplic Orthodox Church Centre on behalf of the DI0￿Se of London for the purpose of their charitable activities_The parties are related by virtue of having one common Trustee. The transaCti￿S were made in accordance wrth the temis of the charity's goveming document. Page 17

THE COPTIC ORTHODOX CHURCH CENTRE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid 446,132 51,748 432,894 46,452 497,880 479,346 Investment income Rents receivable Deposit account interest 25,000 172 25,000 154 25,172 25,154 Other income Voluntary Receipts 6.085 Total incoming resources 523,052 510,585 EXPENDITURE Raising donations and legacies Telephone & Intemet Postage and stationery Sundries Event Catering and expenses 4.192 2,568 1,493 1.423 7.185 850 1,056 9,676 9,091 Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Household supplies Repairs and maintenance Books and academic gupplies Travel Expenses Motor Expenses Cleaning & Refuse Subscriplions Gifts and Entertaining Website design & support Si Pauls services Copier Rental and charges Security Costs Youth Activilies Refcemi Media & Communications Contribution to The Coptic Orthodox Diocese of London Fixtures and fittings Motor vehicles Bank loan interest Bank and credit charges Donalions 48,858 735 67,021 1,446 340 5,590 37,292 31,752 2,536 68,472 208 26,449 6,938 3.850 1,579 4.856 2.507 2,100 670 893 1,915 729 5,905 35,247 20,365 1,979 44.869 1,129 49.249 7,472 6,627 1,735 10,603 3,154 670 979 2,150 164.923 13.390 6.235 79,485 800 110,095 5,000 15,353 5,214 76,326 1,015 109,730 616.654 479.781 This page does not foFm part of the statutory financial statements Page 18

THE COPTIC ORTHODOX CHURCH CENTRE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 31.12.23 Support costs Govemance costs Auditors, remuneration Legal & professional fees 13,200 6,392 13,200 6,040 19,592 19,240 Total resources expended Net (expenditure)lincome 645,922 508,112 {122,870) 2.473 This page does not form part of the statutory financial statements Page 19