COPTIC DIOCESE OF LONDON ST MARY AND ST GEORGE COPTIC ORTHODOX CHURCH
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31s JULY 2023
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COPTIC DIOCESE OF LONDON
ST MARY AND ST GEORGE
COPTIC ORTHODOX CHURCH
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31st July 2023
CONTENTS
PAGE
| CONTENTS | 2 |
|---|---|
| CHARITY INFORMATION | 3 |
| TRUSTEES REPORT | 4-5 |
| INDEPENDENT EXAMINATION | 6 |
| STATEMENT OF FINANCIAL ACTIVITIES | 7 |
| BALANCE SHEET | 8 |
| EXPENDITURE | 9 |
| NOTES | 10 |
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COPTIC DIOCESE OF LONDON
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ST MARY AND ST GEORGE COPTIC ORTHODOX CHURCH
Charity Information
For the Year Ended 31°! July 2023
Trustees
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{1} MR Halim Samir Halim Salama {2} Mr. MR Magdy Fayez Ghaly Rafla {3} MISS Amanda Sarah Rozeik {4} Mrs Salwa Ibrahim Farid (joined 18 December 2022) {5} Mrs Katherine Gamal Botros (joined 18 December 2022) {6} Mr Maged Toma (joined 18 December 2022) {7} Dr George Nasry Girgis Nesr (joined 18 December 2022)
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Chairman MR Halim Samir Halim Salama Secretary Mr. Halim Samir Halim Salama
Treasurer Mr. Magdy Fayez Ghaly Rafla Charity Number 1057133
- Registered Office 30 Fieldway Dagenham Essex RM8 2BE
Date of Registration 26 July 1996
- Independent Examiner IKOUD LTD 122 Twyford Road Harrow HA2 OSN
Bankers Barclays Bank 737 Barking Road, London, Plaistow, E13 9PL
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COPTIC DIOCESE OF LONDON
ST MARY AND ST GEORGE COPTIC ORTHODOX CHURCH
TRUSTEES REPORT FOR THE PERIOD ENDED 31° July 2023
The trustees present their report and accounts for the period ended 31st July 2023
Trustees
The trustees named on page 3 have served throughout the period and Appointment of trustees is governed by the Trust Deed of the charity.
Investment Powers The Trust Deed authorizes the trustees to make and hold investments using the general! Funds of the charity
Constitution, Objects and Policies
The charity was formed on 26th July 1996 and was registered with the Charity Commissioners, registration number 1057133 on 26th July 1996. The Charity is governed by the Charities Act 2011 and its Trust deed dated the 26th July 1996. Saint Mary and St George Coptic Orthodox Church is an indivisible part of the Coptic Orthodox Church of Egypt which has as its Supreme Head His Holiness the Pope of Alexandria and Patriarch of the See of St. Mark. The authority of His Holiness the Pope and the Holy Synod of the Coptic Orthodox Church extends to the entire See of Saint Mark, both in Egypt and abroad. Such authority cannot be changed, revoked, altered, defied or modified. The Custodian of the Charity is His Holiness the Pope or, if appointed, The Diocesan Bishop.
Coptic Orthodox Diocese London
On 11 November 2017, Saint Mary and Saint George Coptic Orthodox Church, become part of the Coptic Orthodox Diocese of London.
The charity is managed by the Church Council consisting of the Presiding Bishop, The Priests of the Church and not less than five Council Members, who shall be appointed from time to time by the Diocesan Bishop or His Holiness the Pope being the highest authority in the Coptic Orthodox Church. His Holiness the Pope or the Diocesan Bishop may appoint in writing, any person he delegates to act on his behalf in this respect. All members of the Church Council are Trustees of the Charity, on ceasing to be a member of the Church Council, that individual will also cease to be a Trustee of the Charity.
The object of the charity is to promote the Coptic Orthodox Church in the United Kingdom. In furtherance of this object the Trustees may provide and maintain places of public worship, carry on religious services, pay and provide for the housing of priests, hold religious and other meetings in connection with the Coptic Orthodox Church, provide assistance for the needy in the United Kingdom and abroad.
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COPTIC DIOCESE OF LONDON
ST MARY AND ST GEORGE COPTIC ORTHODOX CHURCH
Development, Activities and Achievements
During the year, the youths of the church attended and organised conferences, retreats and trips, in some cases in conjunction with other Coptic Churches in the UK and abroad. They have Sunday Schools, youth meetings, prayer meetings, Bible studies, and pre-and post graduate meetings. The church has sports activities and has football and tennis table teams which play and compete against teams of other Coptic Churches in the UK
The church is open most days of the week for celebrating the Divine Liturgy, prayer meetings, seminars, group discussions, Bible studies, Coptic language lessons, Coptic hymns lessons and other church activities
Financial Review
The financial position of the charity is considered most satisfactory this year
Future Plans
The church are still raising funds and actively looking to purchase a church building in East London area to enable it to introduce services on Sundays and other days of the week.
Statement of Trustees Responsibilities
The trustees are required under the constitution of the charity to prepare financial Statements for each financial year, which give a true and fair view of the state of affairs Of the charity and of its results for that period. In preparing those financial statements The trustees are required to:
(a) Select suitable accounting policies and apply them consistently; (b) Make judgments and estimated that are reasonable and prudent; (c) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records, which disclose with Reasonable accuracy at any time the financial position of the charity. They are also Responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities
Approval
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The trustees approved this report on [9105 |DMG eo signed on their behalf,
Mr Halim Samir Halim Salama
Trustee C COPTIC O9>
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INDEPENDENT EXAMINERS REPORT TO THE MANAGEMENT COMMITTEE OF ST MARY AND ST GEORGE COPTIC ORTHODOX CHURCH
We report on the accounts of the charity for year ended 31 July 2023 which are attached.
Respective responsibilities of trustees and examiners
The charity trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of Charities Act 2011 and only an independent examination is required.
It's our responsibility to:
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examine the accounts under section 145 of 2011 Act.
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to follow the procedures laid down in the General Directions given by the charity commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to our attention.
Basis of independent examiner's report
Our examination was carried out in accordance with the General Directions by the charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. it also includes consideration of any unusual item or disclosures in the accounts and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with our examination, no matter has come to our attention:
4- Which gives us reasonable cause to believe that in any material respect the
Requirements;
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To keep accounting records in accordance with section 130 of the 2011 Act; and
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To prepare accounts which accord with accounting records and to comply with the accounting requirements of the charity commission have not been met; or
2- to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Independent Examiner
S. KHALIL
IKLOUD LTD
Tax Accountants and Business Advisors
122 Twyford Road
Harrow HA2 OSN
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COPTIC DIOCESE OF LONDON
ST MARY AND ST GEORGE
COPTIC ORTHODOX CHURCH
Statement of Financial Activities for the period Ended 31st July 2023
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|Note.|Unrestricted|Restricted|Total|Total|
|Funds|Funds|Funds|Funds|
|2023|2023|2023|2022|
|INCOMING|RESOURCES|£|f|£|£|
|Donation|118,871|0|118,871|107,114|
|Gift Aid|Claimed|27,444|0|27,444|21,825|
|Bank|Interest|Received|1,791|0|1,791|50|
|Job|retention|scheme|Income|0|0|0|5,938|
|Total|gs|
|Incoming Resources|148.106|0|148,106|134,927|
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RESOURCES EXPENDED Charitable expenditure
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|---|---|---|---|---|---|---|---|
|Management and|administration|of the|
|Charity|1|102,492|0|102,492|86,458|
|Total|Resources|Used|102,492|0|102,492|86,458|
|Net Movement|in|Funds for the|period|45,614|(t)|45,614|48,469|
|Balance|Brought Forward|at|1 August|2022|447,279|0|447,279|
|Total|Funds|C/F|at 31 July 2023|480,625|0|480,625|
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COPTIC DIOCESE OF LONDON
ST MARY AND ST GEORGE
COPTIC ORTHODOX CHURCH
BALANCE SHEET AS AT 31 July 2023
| Notes | 31.07.2023 | 31.07.2022 | |||
|---|---|---|---|---|---|
| Unrestricted | — Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| £ | £ | £ | £ | ||
| Fixed Assets | |||||
| Tangible Assets | 0 | 0 | 0 | 0 | |
| Free hold Property | 0 | 0 | 0 | 0 | |
| CURRENTASSETS | |||||
| Cash at Banksand in Hand | 480,625 | ¢) | 480,625 | 447,279 | |
| Debiors | 27,444 | 0 | 27,444 | 21,825 | |
| NetAssets | 508,069 | 0 | 508,069 | 469,104 | |
| CREDITORS | |||||
| Amounts fallingduewithinoneyear | (896) | 0 | (896) | (7,546) | |
| NETASSETS/(LIABILITIES) | 507,173 | 0 | 507,173 | 461,558 | |
| Funds | |||||
| Unrestricted Funds | 507,173 | 461,558 | |||
| TotalFunds | 507,173 | 461,558 |
This financial statement were approved and authorised for issue
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Signed on behalf of the Trus#e¢: peric OF
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HALIM Sf SN ANK
SAMIR HALIM SALAGA , (Tristate
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NeeSJ. LS Wo.0
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COPTIC DIOCESE OF LONDON ST MARY AND ST GEORGE
COPTIC ORTHODOX CHURCH
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31° July 2023
1. Charitable Expenditure
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Management &Administration ofCharity | ||
| PriestAccommodation, Salaries& Expenses | ||
| PriestWages and Salaries | 52,854 | 52,854 |
| Employer NI | 1,221 | 1,244 |
| Pension | 3,522 | 3,522 |
| Other Expense | 2 | [¢) |
| 57,599 | 57,620 | |
| Church Expenses | ||
| Church Consumables | 9,710 | 3,830 |
| London Diocesan fund | 7,936 | 1,858 |
| Waste Disposal | 0 | 150 |
| RentofChurch | 12,350 | 10,930 |
| Electricity&Council Tax | 1,433 | 246 |
| The Coptic Festival | 8) | 4,268 |
| Repairs and Maintenance | 736 | 0 |
| Cleaning | 1,920 | 0 |
| Stationary | 140 | 0 |
| Telecommunications | 210 | 0 |
| Legal Fees | 0 | 0 |
| Website costs | 158 | 141 |
| Water rates | 317 | 415 |
| Bank charges | 0 | 0 |
| Insurance | 18) | 0 |
| Other charitable donations | 9,983 | 7,000 |
| 44,893 | 28,838 | |
| TotalExpenditure | 102,492 | 86,458 |
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COPTIC DIOCESE OF LONDON
ST MARY AND ST GEORGE
COPTIC ORTHODOX CHURCH
Year ended 31* July 2023
Accounting Policies
Basis of Preparation of Accounts
The accounts are prepared under the historical cost convention and include the results Of the charity’s operations.
The accounts have been prepared accordance with the Statement of Recommended Practice for Charity Accounts
The charity has taken advantage of the exemption to produce a cash flow statement on the ground that it qualifies as a small charity
Income
Voluntary income and donation are accounted for as received by the charity.
Management and Administration Expenditure
Expenditure on management and administration of the charity includes all expenditure not directly related to the charitable activity.
Members ofthe[church][council] who[ served][during][this][period][are][stated][below.]
Mr Halim Samir Halim Salama
Mr Magdy Fayez Ghaly Rafla Mrs Amanda Sarah Rozeik Mrs Salwa Ibrahim Farid (joined 18 December 2022) Mrs Katherine Gamal! Botros (joined 18 December 2022) Mr Maged Toma (joined 18 December 2022) Dr George Nasry Girgis Nesr (joined 18 December 2022)
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