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2021-04-05-accounts

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS YEAR ENDED 5th APRIL 2021

Registered Charity No: 1069010 Northdown Road, Margate, Kent CT9 2RD, United Kingdom

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS

YEAR ENDED 5th APRIL 2021

CONTENTS

Page

Page 1

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS

YEAR ENDED 5th APRIL 2021

CHARITY INFORMATION

TRUSTEES

BANKERS

Natwest Bank plc

HSBC Bank plc

Page 2

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

TRUSTEE'S REPORT FOR THE YEAR ENDED 5th April 2021

The Trustee's present their report and the financial statements for the year ended 5th April 2021

TRUSTEES

The Trustees named on Page 1 have served throughout the period. Appointment of Trustees is governed by the Trust Deed of the Charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising though resignation or death of existing Trustees.

INVESTMENT POWERS

The trustees are authorised to make prudent decisions on investments using the general funds.

CONSTITUTION, OBJECTS AND POLICIES

The Charitable Trust is constituted by the Trust Deed and its objects are to provide worship for believers of the Coptic Orthodox faith.

The policy of the Charitable Trust is to provide additional finance in order that its objects stated above might be will be further achieved.

DEVELOPMENT ACTIVITIES AND ACHIEVEMENTS

The trustees consider the performance of the charity for this period to be most satisfactory. The trust would not be able to provide such a wide service to our beneficiaries without the continued support of a large number of willing members.

FINANCIAL REVIEW

The financial position of the charity is considered most satisfactory for this period.

STATEMENT OF TRUSTEES RESPONSIBILITIES:

The trustees are required under the constitution of the charity to prepare statements for each financial period 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 Trustee's are required to:

it is inappropriate to presume that the 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 company's assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPROVAL

This report was approved by the trustees on the 23rd December 2021 and signed on their behalf.

Dr W MORCOS Trustee

Page 3

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS

YEAR ENDING 5th APRIL 2021

STATEMENT OF FINANCIAL ACTIVITIES

Income and Expenditure:
£
Donations and Grants
104,128
Including HMRC Gift Aid repayments & COVID job retention grants
Investment Income
31
TOTAL INCOMING RESOURCES
104,159
Resources Used:
Direct Charity Expenditure
Church Running Costs including Refurbishment
14,326
Other Expenses
Management and Administration Expenses
24,863
TOTAL RESOURCES USED
39,189
Net Movement in Funds for the Period
64,970
Fund Balance B/f
250,042
Fund Balance C/f
315,012		 LAST YEAR
£
46,890
152
47,042
35,726
23,250
58,976
-11,934
261,976
250,042

Page 4

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS

YEAR ENDING 5th APRIL 2021

BALANCE SHEET AS AT 5th April 2021

----- Start of picture text -----
LAST YEAR
FIXED ASSETS: £ £
Tangible Assets 166,358 166,531
CURRENT ASSETS:
Cash and Bank 148,654 83,511
TOTAL NET ASSETS 315,012 250,042
Represented by:
Unrestricted Fund Balance 315,012 250,042
TOTAL 315,012 250,042
----- End of picture text -----

APPROVAL

The financial statements were approved by the trustees and signed on their behalf.

Dr W MORCOS Trustee

Date: 23rd December 2021

Page 5

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS

YEAR ENDING 5th APRIL 2021

EXPENDITURE FOR THE PERIOD

£
DIRECT CHARITABLE EXPENDITURE
Church Water Rates
203
Church Heat & Light
946
Church Repairs & Refurbishment
3,468
Donations to other organisations
8,000
Church Expenses
1,709
14,326
ADMINISTRATION EXPENSES
Clergy Living Expenses
9,480
House Repairs
2,730
House Water Rates
289
House Heat & Light
1,276
Council Tax
844
Premises Insurance
2,175
Sundry Expenses
1,449
TV Licence
157
Travel
5,178
Legal Fees
0
Office Expenses
1,112
Bank Charges
0
Depreciation
173
24,863
ESTABLISHMENT EXPENDITURE
39,189		 LAST YEAR
£
452
2,115
28,218
3,200
1,741
35,726
7,200
240
348
1,065
813
2,568
2,224
151
7,330
0
1,138
0
173
23,250
58,976

Page 6

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS

YEAR ENDING 5th APRIL 2021

SCHEDULE OF FIXED ASSETS

Freehold Property
Furniture &
Fixtures
£
£
COST
As at 06/04/2020
165,741
12,871
Additions
0
0
Disposals
0
0
As at 06/04/2021
165,741
12,871
DEPRECIATION
As at 06/04/2020
0
12,081
Depreciation for the year
0
173
As at 05/04/2021
0
12,254
NET BOOK VALUE
As at 05/04/2021
165,741
617		 TOTAL
£
178,612
0
0
178,612
12,081
173
12,254
166,358

Page 7

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS

YEAR ENDING 5th APRIL 2021

NOTES TO THE ACCOUNTS

ACCOUNTING POLICIES

Basis of Preparation

The Accounts are prepared under the historical cost convention and include the results of the charities activities.

The Accounts have been prepared in accordance with the Statement of Recommended Practice (SORP) for Charity accounts

Depreciation

Tangible Assets for the use by the charity are stated at cost less depreciation.

Depreciation is provided at the following rates

Land & Buildings NIL Fixtures & Fittings 20% on reducing Balance Plant & Equipment 20% on reducing Balance

Income

Voluntary income and donations are accounted for as received by the charity.

Page 8

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS

YEAR ENDING 5th APRIL 2021

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

I report on the Accounts of the Charity for the year ended 5th April 2021 which are set out on pages 3 to 7 of the Annual Report and Accounts.

Respective Responsibilities of Trustees and Examiner

As trustees you are responsible for the preparation of the Accounts. You consider that the audit requirements of section 43 (2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commission under section 43 (7)b of the act, whether particular matters have come to my attention.

Basis of the Independent Examiners' Report

My examination was carried out in accordance with the General Directives given 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 items or disclosures in the Accounts and seeking explanations 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 I do not express an audit opinion on the view given by the Accounts.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention.

1) which gives me reasonable cause to believe that in any material respect the requirements

have not been met.

2) to which in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts reached

Francis Anandappa FCMA, CGMA

Chartered Management Accountant 165 Ashford Road, Bearsted, KENT ME14 4NE.

Date: 23rd December 2021