St Athanasius COPTIC ORTHODOX CHURCH Norwich
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 5th April 2024
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 2024
CHARITY INFORMATION
TRUSTEES {1} His Grace Bishop Antony 40 Kingeston Drive Whitley Bay NE26 IJJ {2} Dr Nabil Fanous 6 Buxton Avenue Great Yarmouth NR31 6HG {3} Mrs Randa Henein (Treasurer) 37, Greenland Way West Holt Rd. Sheringharn - Norfolk NR26 8XP {4} Dr Moheb Gaid 5 Bluebell Crescent NR4 7LE {5} Dr Ramez Nasseif 475 Unthank Road Norwich,NR4 7Q {6} Dr Diaa Antonios 7 Somersby Green Boston PE21 9PH 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 2024
The trustees present their report and accounts for the period ended 5th April 2024
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 2024
| Note. INCOMING RESOURCES Monthly contribution Collection & Church Boxes One off Donation Investment Income Gift Aids Recovered Sunday school 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 2023 Total Funds C/F at 5 April 2024 |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ 68,017 0 68,017 59,294 2,759 0 2,759 1,519 189,099 0 189,099 58,151 26.17 0 26.17 4.34 27,065 0 27,065 23,633 4,790 0 4,790 0 |
|---|---|
| 291,756 0 291,756 142,601 |
|
| 58,901 0 58,901 67,770 58,901 0 58,901 67,770 |
|
| 232,855 0 232,855 74,831 |
|
| 1,235,789 0 1,235,789 1,160,958 1,468,644 0 1,468,644 1,235,789 |
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St Athanasius COPTIC ORTHODOX CHURCH Norwich
BALANCE SHEET AS AT 05TH April 2024
| 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 |
2024 £ 0 390000 1102769 83,556 1,576,324 0 107,680 107,680 1,468,644 1,468,644 |
2023 £ 0 390000 649201 303,768 |
|---|---|---|
| 1,342,969 | ||
| 0 107180 |
||
| 107,180 | ||
| 1,235,789 | ||
| 1,235,789 |
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 2024
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 |
2024 £ 9,465 508 7,912 2,585 400 |
20,871 38,030 0 |
2023 £ 9,200 483 6,232 551 770 |
17,236 50,524 10 |
|---|---|---|---|---|
| 2,236 8,216 20 1,091 13,003 263 4,000 9,200 |
2,159 3,432 336 700 6,050 14,448 10,000 13,400 |
|||
| 0 | 10 | |||
| 58,901 | 67,770 |
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St Athanasius COPTIC ORTHODOX CHURCH Norwich
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 05th April 2024
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:
-
{1} His Grace Bishop Antony
-
{2} Dr Nabil Fanous (Secretary)
-
{3} Mrs Randa Henein (Treasurer)
-
{4} Dr Moheb Gaid
-
{5} Dr Ramez Nasseif
-
{6} Dr Diaa Antonios
Accountant
M.Tawfig FMAAT
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