**REGISTERED CHARITY NUMBER: 01061959**
## **Report of the Trustees and**
**Audited Financial Statements for the Year Ended 31 December 2024**
## **for**
## **ST. ANTONY COPTIC ORTHODOX CHURCH**
Botros & Co Ltd Accountants & Chartered Tax Advisors 4 Northwest Business Park Servia Hill Leeds West Yorkshire LS6 2QH
**ST. ANTONY COPTIC ORTHODOX CHURCH**
## **Contents of the Financial Statements for the Year Ended 31 December 2024**
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Page
Report of the Trustees 1 to 2
Report of the Independent Auditor 3 to 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14
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## **ST. ANTONY COPTIC ORTHODOX CHURCH**
## **Report of the Trustees for the Year Ended 31 December 2024**
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 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).
## **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**
(England and Wales)
**Registered Charity number** 01061959
## **Registered office**
St.Leonard's Road Eastwood Rotheram South Yorkshire S65 1PA
## **Trustees**
H G Bishop Antony Dr H N Lotfallah Mrs I B Sidhom Rev.Fr. M Aziz Dr E S Gabrawi Dr F Y G Yanni Dr R S Migally Eng S Dawoud
**Company Secretary** Dr H N Lotfallah
## **Auditor**
Botros & Co Ltd Accountants & Chartered Tax Advisors 4 Northwest Business Park Servia Hill Leeds West Yorkshire LS6 2QH
## **Bankers**
Barclays Bank plc P O Box 20 27 Church Street Barnsley South Yorkshire S70 2AJ
Page 1
## **ST. ANTONY COPTIC ORTHODOX CHURCH**
## **Report of the Trustees for the Year Ended 31 December 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS Committee**
His Grace Bishop Antony Chairman Fr Michael Aziz Secretary Dr Hany Nassim Lotfallah Treasurer Mrs Isis Boulos Sidhom Dr Emad Sesostris Gabrawi Eng. Sameh Dawoud Dr Fady Youssef Garas Yanni Dr Rafik Samir Migally
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of St. Antony Coptic Orthodox Church for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company 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 charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditor is unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
## **AUDITOR**
The auditor, Botros & Co Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Approved by order of the board of trustees on 19 August 2025 and signed on its behalf by:
Charity secretary Dr H N Lotfallah - Secretary
Page 2
**Report of the Independent Auditor to the Trustees of St. Antony Coptic Orthodox Church**
## **Opinion**
I have audited the financial statements of St. Antony Coptic Orthodox Church (the 'charitable company') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In my opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
I conducted my audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. My responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of my report. I am independent of the charitable company in accordance with the ethical requirements that are relevant to my audit of the financial statements in the UK, including the FRC's Ethical Standard, and I have fulfilled my other ethical responsibilities in accordance with these requirements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, I have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work I have performed, I have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
My responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and my Report of the Independent Auditor thereon.
My opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in my report, I do not express any form of assurance conclusion thereon.
In connection with my audit of the financial statements, my responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or my knowledge obtained in the audit or otherwise appears to be materially misstated. If I identify such material inconsistencies or apparent material misstatements, I am required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work I have performed, I conclude that there is a material misstatement of this other information, I am required to report that fact. I have nothing to report in this regard.
## **Matters on which I am required to report by exception**
I have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires me to report to you if, in my opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- the charitable company has not kept adequate accounting records; or
- the financial statements are not in agreement with the accounting records and returns; or
- I have not received all the information and explanations I require for my audit.
Page 3
**Report of the Independent Auditor to the Trustees of St. Antony Coptic Orthodox Church**
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **My responsibilities for the audit of the financial statements**
I have been appointed as auditor under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
My objectives are to obtain 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 Auditor that includes my opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always 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 to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which my procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach was as follows:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and determined that the most significant are those that relate to FRS 102 for SMEs; Laws and regulations related with Charities Act 2011.
(ISA (UK) 250 Section 'A Consideration of Laws and Regulations in an Audit of Financial Statements' paragraph 6).
We assessed the risks of material misstatement in respect of fraud as follows:-
- Analytical procedures used to identify any unusual or unexpected relationships.
- Identify particular areas that were susceptible to misstatement as part of our fraud discussion management.
- Identify any fraud risk factors in its discussion of related party relationships and transactions.
Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above; we corroborated our enquiries through review of records with HMRC; We considered the risk of fraud through management override and, in response, we incorporated testing of some transactions into our audit approach and tested entries throughout the year.
A further description of my responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of my Report of the Independent Auditor.
Page 4
**Report of the Independent Auditor to the Trustees of St. Antony Coptic Orthodox Church**
## **Use of my report**
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My audit work has been undertaken so that I might state to the charitable company's trustees those matters I am required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for my audit work, for this report, or for the opinions I have formed.
Botros & Co Ltd Accountants & Chartered Tax Advisors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 4 Northwest Business Park Servia Hill Leeds West Yorkshire LS6 2QH 19 August 2025
Page 5
## **ST. ANTONY COPTIC ORTHODOX CHURCH**
## **Statement of Financial Activities for the Year Ended 31 December 2024**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2|**31.12.24**
**Unrestricted**
**fund**
**£**
**156,031**
**239**|**31.12.24**
**Unrestricted**
**fund**
**£**
**156,031**
**239**|31.12.23
Total
funds
£
130,244
150|
|---|---|---|---|
|**Total**|**156,270**||130,394|
|**EXPENDITURE ON**
Raising funds
3
Other|**91,024**
**3,699**||80,763
3,200|
|**Total**|**94,723**||83,963|
|**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward|**61,547**
**743,519**||46,431
697,088|
|**TOTAL FUNDS CARRIED FORWARD**|**805,066**||743,519|
|||||
The notes form part of these financial statements
Page 6
## **ST. ANTONY COPTIC ORTHODOX CHURCH**
## **Balance Sheet 31 December 2024**
|Notes
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|**31.12.24**
**Unrestricted**
**fund**
**£**
**566,092**
**55,000**
**201,569**
**256,569**
**(17,595)**
**238,974**
**805,066**
**805,066**
**805,066**
**805,066**|31.12.23
Total
funds
£
568,618
50,000
133,793
183,793
(8,892)
174,901
743,519
743,519|
|---|---|---|
|||743,519
743,519|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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 audited under the requirements of Section 145 of the Charities Act 2011.
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 19 August 2025 and were signed on its behalf by:
H N Lotfallah - Trustee
The notes form part of these financial statements
Page 7
**Notes to the Financial Statements for the Year Ended 31 December 2024**
## **ST. ANTONY COPTIC ORTHODOX CHURCH**
## **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.
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|||
|---|---|
|Improvements to property|- 2% on cost|
|Plant and machinery|- 15% on reducing balance|
|Fixtures and fittings|- 15% on reducing balance|
|Motor vehicles|- 25% on reducing balance|
**----- End of picture text -----**
## **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.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. INVESTMENT INCOME**
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||||
|---|---|---|
|31.12.24|31.12.23|
|£|£|
|Deposit account interest|239|150|
**----- End of picture text -----**
continued...
Page 8
## **ST. ANTONY COPTIC ORTHODOX CHURCH**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **3. RAISING FUNDS**
## **Investment management costs**
|**Investment management costs**|||
|---|---|---|
|
House council & water charges
Telephone
Clergy living costs
House light & heat
Premises insurance
Motor expenses
Travelling expenses
Sundry
Professional fees|**31.12.24**
**£**
**381**
**714**
**2,290**
**727**
**5,974**
**560**
**585**
**245**
**919**|31.12.23
£
1,688
682
3,540
3,350
354
480
560
1,024
-|
||**12,395**|11,678|
|**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|**31.12.24**
**£**
**2,526**|31.12.23
£
3,013|
||||
## **4. NET INCOME/(EXPENDITURE)**
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **6. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Priest & administrative staff|**31.12.24**
31.12.23
**1**
1|
|---|---|
|||
No employees received emoluments in excess of £60,000.
continued...
Page 9
## **ST. ANTONY COPTIC ORTHODOX CHURCH**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income||Unrestricted
fund
£
130,244
150|Unrestricted
fund
£
130,244
150|
|---|---|---|---|
|**Total**||130,394||
|**EXPENDITURE ON**
Raising funds
Other||80,763
3,200||
|**Total**||83,963||
|**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward||46,431
697,088||
|**TOTAL FUNDS CARRIED FORWARD**||743,519||
|**8.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 January 2024 and 31 December 2024|Improvements
Freehold
to
property
property
£
£
**444,514**
**108,641**|Plant and
machinery
£
**11,322**||
|**DEPRECIATION**
At 1 January 2024
Charge for year|**-**
**669**
**-**
**-**|**9,863**
**219**||
|At 31 December 2024|**-**
**669**|**10,082**||
|**NET BOOK VALUE**
At 31 December 2024|**444,514**
**107,972**|**1,240**||
|At 31 December 2023|444,514
107,972|1,459||
|||||
continued...
Page 10
## **ST. ANTONY COPTIC ORTHODOX CHURCH**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
**----- Start of picture text -----**
8. TANGIBLE FIXED ASSETS - continued
Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 January 2024 and 31 December 2024 23,156 11,700 599,333
DEPRECIATION
At 1 January 2024 9,537 10,646 30,715
Charge for year 2,043 264 2,526
At 31 December 2024 11,580 10,910 33,241
NET BOOK VALUE
At 31 December 2024 11,576 790 566,092
At 31 December 2023 13,619 1,054 568,618
9. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£ £
Sundry debtors 55,000 50,000
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Social security and other taxes 17,404 8,701
Pension payable 191 191
17,595 8,892
11. MOVEMENT IN FUNDS
Net
movement At
At 1.1.24 in funds 31.12.24
£ £ £
Unrestricted funds
General fund 743,519 61,547 805,066
TOTAL FUNDS 743,519 61,547 805,066
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 156,270 (94,723) 61,547
TOTAL FUNDS 156,270 (94,723) 61,547
**----- End of picture text -----**
continued...
Page 11
## **ST. ANTONY COPTIC ORTHODOX CHURCH**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.1.23
£
**Unrestricted funds**
General fund
697,088
**TOTAL FUNDS**
697,088
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
130,394
**TOTAL FUNDS**
130,394
A current year 12 months and prior year 12 months combined position is as follows:
At 1.1.23
£
**Unrestricted funds**
General fund
697,088
**TOTAL FUNDS**
697,088|Net
movement
At
in funds
31.12.23
£
£
46,431
743,519
46,431
743,519
Resources
Movement
expended
in funds
£
£
(83,963)
46,431
(83,963)
46,431
Net
movement
At
in funds
31.12.24
£
£
107,978
805,066
107,978
805,066|
|---|---|
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
**TOTAL FUNDS**|Incoming
resources
£
286,664
286,664|Resources
Movement
expended
in funds
£
£
(178,686)
107,978
(178,686)
107,978|
|---|---|---|
continued...
Page 12
## **ST. ANTONY COPTIC ORTHODOX CHURCH**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2024.
Page 13
## **ST. ANTONY COPTIC ORTHODOX CHURCH**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Donations|31.12.24
31.12.23
£
£
**1**
-
**156,030**
130,244|
|---|---|
|**Investment income**
Deposit account interest|**156,031**
130,244
**239**
150|
|**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Salaries
Pensions
Church water charges
Church light & heat
Church activity costs
Church repairs & renewals|**156,270**
130,394
**39,000**
39,000
**983**
982
**313**
787
**16,422**
7,608
**6,264**
6,778
**15,647**
13,930|
|**Investment management costs**
House council & water charges
Telephone
Clergy living costs
House light & heat
Premises insurance
Motor expenses
Travelling expenses
Sundry
Professional fees|**78,629**
69,085
**381**
1,688
**714**
682
**2,290**
3,540
**727**
3,350
**5,974**
354
**560**
480
**585**
560
**245**
1,024
**919**
-|
|**Other**
Plant and machinery
Fixtures and fittings
Motor vehicles
Bank charges|**12,395**
11,678
**219**
258
**2,043**
2,403
**264**
352
**1,173**
187|
||**3,699**
3,200|
|Total resources expended|**94,723**
83,963|
|**Net income**|**61,547**
46,431|
|||
This page does not form part of the statutory financial statements
Page 14