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2023-04-05-accounts

St Athanasius COPTIC ORTHODOX CHURCH Norwich

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 5th April 2023

CONTENTS

PAGE
CHARITY INFORMATION 1
TRUSTEES REPORT 2
STATEMENT OF FINANCIAL ACTIVITIES 3
BALANCE SHEET 4
EXPENDITURE 5
NOTES 6

St Athanasius COPTIC ORTHODOX CHURCH Norwich

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 05th April 2023

CHARITY INFORMATION

TRUSTEES {1} His Grace Bishop Antony {2} Dr Nabil Fanous {3} Mrs Randa Henein (Treasurer) {4} Dr Moheb Gaid {5} Dr Ramez Nasseif {6} Dr Diaa Antonios

SECRETARY Dr Nabil Fanous

CHARITY NUMBER 1086561 BANKERS {1} Nat West Bank {2} The Royal Bank of Scotland plc {3} Lloyds Tsb

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St Athanasius COPTIC ORTHODOX CHURCH Norwich

TRUSTEES REPORT FOR THE PERIOD ENDED 5th APRIL 2023

The trustees present their report and accounts for the period ended 5th April 2023

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 authorized to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.

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

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

DEVELOPMENT, ACTIVITIES AND ACHIEVEMENTS

The trustees consider that the performance of the charity this period has been most satisfactory.

The trustees would not be able to provide the various services to the congregation without the continuous support of a reasonable number of members.

FINANCIAL REVIEW

The financial position of the charity is considered most satisfactory for its first period of account.

FUTURE DEVELOPMENTS

The old Church has been demolished as building approval has been obtained to build a new one. The new hall has been constructed and currently is used as a temporary Church. They have decided on the contractor to start build the new church.

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 consistently.

(b)prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity 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 charity. They are also responsible for safeguarding the assets of the charity 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 ………… ………. and signed on their behalf. Dr. Nabil Fanous

Trustee

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St Athanasius COPTIC ORTHODOX CHURCH Norwich

Statement of Financial Activates for the period Ended 05th April 2023

Note.
INCOMING RESOURCES
Monthly contribution
Collection & Church Boxes
One off Donation
Investment Income
Gift Aids Recovered
Refund
Total Incoming Resources
RESOURCES EXPENDED
Charitable expenditure
Management and administration of the
charity
1
Total Resources Used
Net Movement in Funds for the period
Balance Brought Forward at 5 April 2022
Total Funds C/F at 5 April 2023		 Unrestricted
Restricted Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
£
£
£
58,974
0
58,974
34,864
1,519
0
1,519
2,284
58,151
0
58,151
19,624
4.34
0
4.34
0.12
23,633
0
23,633
24,838
0
0
0
0
142,281
0
142,281
81,609
67,770
0
67,770
47,051
67,770
0
67,770
47,051
74,511
0
74,511
34,558
1,160,958
0 1,160,958 1,126,400
1,235,469
01,235,469 1,160,958

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St Athanasius COPTIC ORTHODOX CHURCH Norwich

BALANCE SHEET AS AT 05TH April 2023
Note
Fixed Assets
Tangible Assets
2
Free Hold Property
Building Extensions
CURRENT ASSETS
Cash at Banks and in Hand
Total Assets
CURRENT LIABILITIES
Trade Creditors
Long Term Liabilities
Loan
Total Current Liabilities
NET ASSETS
Financed By Unrestricted Funds		 2023
£
0
390000
649201
303,448
1,342,649
0
107,180
107,180
1,235,469
1,235,469		 2022
£
0
390000
168559
706,579
1,265,138
0
104180
104,180
1,160,958
1,160,958

This financial statements were approved and authorised for issue on................... And signed on behalf of the Trustees by

......................

Trustee

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St Athanasius COPTIC ORTHODOX CHURCH Norwich

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 05TH April 2023

1. Charitable Expenditure

Management & Administration of
Charity
Priest Accommodation, Salaries &
Expenses
Clergy Living Expense
Premises Insurance
Utility Bills
Motor Expenses
Travelling Exp
Church Expenses
Other Expenses
Repairs & Renewal
Stationery
Hire a church
Sunday School
Legal & Professional Fees
Cost Managers
Charitable Activities
Administration Expenses
Bank Charge
Net Movement in Funds		 2023
£
9,200
483
6,232
551
770		 17,236
50,524
10		 2022
£
8,900
454
4,999
404
100		 14,857
32,194
0
2,159
3,432
336
700
6,050
14,448
10,000
13,400		 7,224
9,303
0
645
1,600
3,622
0
9,800
10 0
67,770 47,051

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St Athanasius COPTIC ORTHODOX CHURCH Norwich

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 05th April 2022

Accounting Policies

Basis of Preparation of Accounts

The accounts are prepared under the historical cost convention and include the results of the charity’s operations.

The accounts have been prepared accordance with the Statement of Recommended Practice for Charity Accounts.

The charity has taken advantage of the exemption to produce a cash flow statement on the ground that it qualifies as a small charity

Fixed Assets

The Charity exchanges the house for a church and builds an accommodation for the priest.

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 activity

Members of the church council who served during this period are stated below:

Accountant

M.Tawfig FMAAT

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