2024-07-31-accounts

COPTIC DIOCESE OF LONDON

ST MARY AND ST GEORGE

COPTIC ORTHODOX CHURCH

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31[st ] JULY 2024

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COPTIC DIOCESE OF LONDON STMARY AND STGEORGE COPTIC ORTHODOX CHURCH NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31stJuly 2024 CONTENTS PAGE CONTENTS CHARITY INFORMATION TRUSTEES REPORT INDEPENDENT EXAMINATION STATEMENT OF FINANCIALA￿1VITIES 7 BALANCE SHE EXPENDITURE NOTES io

COPTIC DIOCESE OF LONDON STMARY ANDSTGEORGE COPTIC ORTHODOX CHURCH Charity Information ST For the Year Ended 31 July 2024 Trustees {1} {2} {3} {4} {5} {6} {7} MR Halim Samir Halim Salama Mr. MR Magdy Fayez Ghaly Rafla MISS Amanda Sarah Rozeik Mrs Salwa Ibrahirn Farid Mrs Katherine Gamal Botros Mr Maged Toma (resigned 17.07.2024) Dr George Nasry Girgis Nesr (resigned 21.01.2024) 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

COPTIC DIOCESE OF LONDON STMARY AND STGEORGE COPTIC ORTHODOX CHURCH TRUSTEES REPORT FOR THE PERIOD ENDED 31 July 2024 The trustees present their report and accounts for the perTrod ended 31 st July 2024 Trustees The trustees named on page 3 have seNed throughout the period and Appointment of trustees is govemed 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 1 ￿ and was registered with the Charity Commissioners, registration number 1057133 on 26th July 19%. The Charrty is govemed by the Charities Act 2011 and its Trust deed dated the 26th Juty 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 authortty 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, aliered. defied or modtfied. The Custodian of the Charity is His Holiness the Pope or. rf 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 indNidual will also cease to be a Trustee of the Charty. 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 pla￿S 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.

COPTIC DIOCESE OF LONDON ST MARY AND ST GEORGE COPTICORTHODOX CHURCH Development. Activities and Achlevements 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, Bbi le studies, and pre-and post graduate meetings. The church has sports activities and has foc*ball 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 activety 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 consistentty: (b) Make judgments and estimated that are reasonable and prudent" (c) Prepare the financial statements on a going concem basis unless it is inappropriate to assume that the charity will continue in business. The trustees are ￿spOnSIble for keeping proper accounting records, which disclose with Reasonable accuracy at any time the financial position of the charity. They a￿ also Responsible for safeguarding the assets of the charity and hen￿ for taking reasonable Steps for the prevention and detection of fraud and other irregularities Approval The trustees approved this report on . . and signed on their behalf, Mr Halim Samir Halim Salama Trustee

INDEPENDENT EXAMINERS REPORTTO THE MANAGEMENT COMMIThEE OF T MARY AND T GEORGE COPTIC ORTHOt)OX CHURCH We report on the accounts of the charity for year ended 31 July 2024 which are attached. Res ective res onsibilities of trustees and examiners The charty 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 responsibilty to-. - examine the a¢￿unt$ under section 145 of 2011 Act. - to follow the prO￿dureS laid down in the General Directions given by the charity commission under section 145(5)(b) of the 2011 Act: and - to state whether particular matters have come to our attention. asis f inde endent examinerfs re Our examination was carried out in accordance with the General Directions by the chanty Commissioners. An examinatton includes a review of the accounting records kept by the chartty and a comparison of the accounts presented with those records. it also includes consideration of any unusual item or disclosu￿S in the accounts and s*king explanation from you as trustees conceffling any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequentty we do not express an audit opinion on the view given by the aGcounts. ndent examinerfs ststement In connection with our examination. no matter has come to our attention. 1- Vlthich gives us reasonable cause to believe that in any material respect the Requirements. - To keep accounting records in accordan￿ with section 130 of the 2011 Act. and - To p￿pare accounts vthich accord with accounting records and to comply wrth 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

COPTIC DIOCESE OF LONDON

ST MARY AND ST GEORGE

COPTIC ORTHODOX CHURCH

BALANCE SHEET AS AT 31 ST July 2024

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|||||| |---|---|---|---|---| |Notes|31.07.2024|31.07.2023| |Unrestricted|Restricted|Total|Total| |Funds|Funds|Funds|Funds| |£|£|£|£| |Fixed Assets| |Tangible Assets|0|0|0|0| |Freehold Property|0|0|0|0| |CURRENT ASSETS| |Cash at Banks and in Hand|508,791|0|508,791|480,625| |Debtors|25,755|0|25,755|27,444| |Net Assets|534,546|0|534.546|508,069| |CREDITORS| |Amounts falling due within one year|.:,:.0 _ ......:,0:-.... __ ..:,0:-.... ___|(896)|=| |NET ASSETS/(LIABILITIES)|534,546|0|534,546|507,173| |Funds| |Unrestricted Funds|534,546|534,546| |Total Funds|534,546|534,546| |This financial statement was approved and authorised for issue| |On|·| |9··,-J?|••:2.-CJ.2..h-| |oa|COPTi¢.| |Signed on behalf of the Trustees by| |HALIM SAMIR HALIM SALAMA (|

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Fixed Assets

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COPTIC DIOCESE OF LONDON ST MARY AND STGEORGE COPTICORTHODOX CHURCH Statement of Finan¢lal Activities for the period Ended 3tst Juty 2024 Note. Unrestricted Funds RestrKted Funds Total Funds Total Funds 2024 2024 2024 2023 INCOMING RESOURCES Donation Gift Aid Claimed Bank Interest Received Job retention scheme Income 102,019 25,754 6,466 102,019 25.754 6.466 118,871 27,444 1,791 Totsl Incoming Resources 39 io RESOURCES EXPENDED Charitable expenditure Management and administration of the Charity 106,866 106,866 102,492 Total Resources Used 106 866 102 492 Net Movement in Funds for the period Balance Brought Forward at l August 2023 480.625 480.625 Total Funds CIF at 31 July 2024 508,791 508,791

COPTIC DIOCESE OF LONDON

ST MARY AND ST GEORGE

COPTIC ORTHODOX CHURCH

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[st ] July 2024

1. Charitable Expenditure

	2024	2023
	£	£
Management & Administration of Charity
Priest Accommodation, Salaries & Expenses
Priest Wages and Salaries	52,867	52,854
Employer NI	0	1,221
Pension	2,443	3,522
Other Expense	0	l
	55,310	57,599
Church Expenses
Church Consumables	6,463	9,710
London Diocesan fund	6,753	7,936
Waste Disposal	0	0
Rent of Church	18,586	12,350
Electricity & Council Tax	518	1,433
The Coptic Festival	0	0
Repairs and Maintenance	320	736
Cleaning	2,020	1920
Stationary	2,227	140
Telecommunications	0	210
Legal Fees	0	0
Website costs	173	158
Water rates	296	317
Bank charges	0	0
Insurance	0	0
Other charitable donations	14,200	9,983
	51,556	44,893
Total Expenditure	106,866	102.492

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COPTIC DIOCESE OF LONDON ST MARY AND ST GEORGE COPTICORTHODOX CHURCH Year ended 31st July 2024 Accountlng Policies Basls of Preparation of Accounts The accounts are prepared underthe historical cost convention and include the results Of the charivs operations. The accounts have been prepared accordance with the Statement of Recommended practi￿ for Charity Accounts The charity has taken advantage of the exemption to produ￿ 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 activty. Members of the church council who seNed during this period are stated below. {1} {2} {3} {4} {5} {6} {7} MR Halim Samir Halim Salama Mr. MR Magdy Fayez Ghaly Rafla MISS Amanda Sarah Rozeik Mrs Salwa Ibrahim Farid Mrs Katherine Gamal Botros Mr Maged Toma (resigned 17.07.20241 Dr George Nasry Girgis Nesr (resigned 21.01.2024) io