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2022-04-05-accounts

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS YEAR ENDED 5th APRIL 2022

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 2022

CONTENTS

Page

Page 1

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS

YEAR ENDED 5th APRIL 2022

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 2022

The Trustee's present their report and the financial statements for the year ended 5th April 2022

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 7th January 2023 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 2022

STATEMENT OF FINANCIAL ACTIVITIES

Income and Expenditure:
£
Donations and Grants
65,910
Including HMRC Gift Aid repayments & COVID job retention grants
Investment Income
11
TOTAL INCOMING RESOURCES
65,921
Resources Used:
Direct Charity Expenditure
Church Running Costs including Refurbishment
7,993
Other Expenses
Management and Administration Expenses
26,603
TOTAL RESOURCES USED
34,596
Net Movement in Funds for the Period
31,325
Fund Balance B/f
315,012
Fund Balance C/f
346,337		 LAST YEAR
£
104,128
31
104,159
14,326
24,863
39,189
64,970
250,042
315,012

NOTE: HMRC Gift Aid of £12,430 for 2021/22 was received after 5th April 2022 and will be included in the 2022-23 Accounts.

Page 4

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS

YEAR ENDING 5th APRIL 2022

BALANCE SHEET AS AT 5th April 2022

----- Start of picture text -----
LAST YEAR
FIXED ASSETS: £ £
Tangible Assets 166,247 166,358
CURRENT ASSETS:
Cash and Bank 180,090 148,654
TOTAL NET ASSETS 346,337 315,012
Represented by:
Unrestricted Fund Balance 346,337 315,012
TOTAL 346,337 315,012
----- End of picture text -----

APPROVAL

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

Dr W MORCOS Trustee

Date: 7th January 2023

Page 5

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS

YEAR ENDING 5th APRIL 2022

EXPENDITURE FOR THE PERIOD

£
DIRECT CHARITABLE EXPENDITURE
Church Water Rates
515
Church Heat & Light
2,354
Church Repairs & Refurbishment
396
Donations to other organisations
3,000
Church Expenses
1,728
7,993
ADMINISTRATION EXPENSES
Clergy Living Expenses
9,560
House Repairs
95
House Water Rates
274
House Heat & Light
965
Council Tax
884
Premises Insurance
2,551
Sundry Expenses
819
TV Licence
159
Travel
5,396
Motor Vehicle-Lease
3,587
Administration Expenses
2,181
Bank Charges
21
Depreciation
111
26,603
ESTABLISHMENT EXPENDITURE
34,596		 LAST YEAR
£
203
946
3,468
8,000
1,709
14,326
9,480
2,730
289
1,276
844
2,175
1,449
157
1,591
3,587
1,112
0
173
24,863
39,189

Page 6

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS

YEAR ENDING 5th APRIL 2022

SCHEDULE OF FIXED ASSETS

Freehold Property
Furniture &
Fixtures
£
£
COST
As at 06/04/2021
165,741
12,871
Additions
0
0
Disposals
0
0
As at 06/04/2021
165,741
12,871
DEPRECIATION
As at 06/04/2021
0
12,254
Depreciation for the year
0
111
As at 05/04/2022
0
12,365
NET BOOK VALUE
As at 05/04/2022
165,741
506		 TOTAL
£
178,612
0
0
178,612
12,254
111
12,365
166,247

Page 7

ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH

ANNUAL REPORT AND ACCOUNTS

YEAR ENDING 5th APRIL 2022

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 2022

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

I report on the Accounts of the Charity for the year ended 5th April 2022 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 prepared.

Francis Anandappa FCMA, CGMA

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

Date: 6th January 2023