## **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
- 1 Charity Information
- 2 Trustees Report
- 3 Statement of Financial Activities
- 4 Balance Sheet
- 5 Expenditure
- 6 Schedule of Fixed Assets
- 7 Notes
- 8 Independent Examiners Report to the Trustees
**Page 1**
## **ST MICHAEL AND ST BISHOY COPTIC ORTHODOX CHURCH**
**ANNUAL REPORT AND ACCOUNTS**
**YEAR ENDED 5th APRIL 2022**
## _**CHARITY INFORMATION**_
## **TRUSTEES**
- 1 His Grace Bishop Antony St George & St Athanasius Church 40 Kingston Drive Whiteley Bay NE26 1JJ
- 2 Dr Wafik Morcos (Secretary) St Michael & St Bishoy Coptic Orthodox Church Northdown Road, Margate Kent CT9 2RD
- 3 Mr Hany Fouad Habeeb (Treasurer) St Michael & St Bishoy Coptic Orthodox Church Northdown Road, Margate Kent CT9 2RD
## **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:
- -select suitable accounting policies and then apply them consistently.
- -make judgments and estimates that are reasonable and prudent.
- -prepare the financial statements on the going concern basis unless
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
- a) to keep accounting records in accordance with section 41 of the Act and
- b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
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