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← St Athanasius Coptic Orthodox Church

2025-04-05-accounts

St Athanasius COPTIC ORTHODOX CHURCH Norwich

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 5th April 2025

CONTENTS

PAGE
CHARITY INFORMATION 1
TRUSTEES REPORT 2
INDEPENDENT EXAMINER’S REPORT 3
STATEMENT OF FINANCIAL ACTIVITIES 4
BALANCE SHEET 5
EXPENDITURE 6
NOTES 7

St Athanasius COPTIC ORTHODOX CHURCH Norwich

CHARITY INFORMATION

For the Year Ended 5th April 2025

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

Page1

St Athanasius COPTIC ORTHODOX CHURCH Norwich

TRUSTEES REPORT FOR THE PERIOD ENDED 5th APRIL 2025

The trustees present their report and accounts for the period ended 5th April 2025

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 01/08/2025 and signed on their behalf.

Dr. Nabil Fanous

Trustee

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St Athanasius COPTIC ORTHODOX CHURCH Norwich

Independent Examiner's Report to the Trustees of St. Athanasius Coptic Orthodox Church

I report to the trustees on my examination of the financial statements of St Athanasius Coptic Orthodox Church, Norwich (the charity) for the year ended 05 April 2025.

Responsibilities and basis of report

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the

accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Accountant

Mahir Tawfig FMAAT

Dated: 01/08/2025

Page3

St Athanasius COPTIC ORTHODOX CHURCH Norwich

Statement of Financial Activates for the period Ended 05th April 2025

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
2024
Total Funds C/F at 5 April 2025		 Unrestricted
Restricted Total
Total
Funds
Funds
Funds
Funds
2025
2025
2025
2024
£
£
£
113,384
0
113,384
68,017
5,534
0
5,534
2,759
82,018
0
82,018
189,099
11.55
0
11.55
26.17
37,248
0
37,248
27,065
11,657
0
11,657
4,790
249,853
0
249,853
291,756
85,546
0
85,546
58,901
85,546
0
85,546
58,901
164,307
0
164,307
232,855
1,468,644
0 1,468,644 1,235,789
1,632,951
01,632,951 1,468,644

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St Athanasius COPTIC ORTHODOX CHURCH Norwich

BALANCE SHEET AS AT 05TH April 2025

Note 2025 2024
Fixed Assets £ £
Tangible Assets 2 0 0
Free Hold Property 390000 390000
Building Extensions 1383407 1102769
CURRENT ASSETS
Cash at Banks and in Hand 79,224 83,556
Total Assets 1,852,631 1,576,324
CURRENT LIABILITIES
Trade Creditors 0 0
Long Term Liabilities
Loan 219,680 107680
Total Current Liabilities 219,680 107,680
NET ASSETS 1,632,951 1,468,644
Financed By Unrestricted Funds 1,632,951 1,468,644

This financial statements were approved and authorised for issue on 01/08/2025 And signed on behalf of the Trustees by

Dr. Nabil Fanous

Trustee

Page5

St Athanasius COPTIC ORTHODOX CHURCH Norwich

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 05TH April 2025

1. Charitable Expenditure

Management & Administration of Charity
Priest Accommodation, Salaries &
Expenses
Clergy Living Expense
Premises Insurance
Utility Bills
Motor Expenses
Travelling Exp
Church Expenses
Water Rates
Telephone
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		 2025
£
9,000
530
11,423
535
2,857		 24,345
61,171
30		 2024
£
9,465
508
7,912
2,585
400		 20,871
38,030
0
461
158
5,547
31,727
610
1,008
13,094
566
969
7,030		 0
0
2,236
8,216
20
1,091
13,003
263
4,000
9,200
30 0
85,546 58,901

Page6

St Athanasius COPTIC ORTHODOX CHURCH Norwich

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 05th April 2025

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 charitable activity

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

Accountant

M.Tawfig FMAAT

Page7