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2020-12-31-accounts

Charity no. 1097591

St Mary & St George Coptic Orthodox Church Plymouth

ANNUAL REPORT AND ACCOUNTS

For the year ended 31 December 2020

Charity no. 1097591

St Mary & St George Coptic Orthodox Church

TRUSTEES’ ANNUAL REPORT

for the year ended 31 December 2020

The trustees present their annual report for the period from 1 January to 31 December 2020.

The principal address of the charity is Blunts Lane, Plymouth PL6 8BE.

Trustees

The charitable Trust is constituted by Trust Deed.

The trustees who managed the charity were: His Grace Bishop Antony

Dr SG Tadros-Attal (secretary) – resigned 1 October 2020; Dr HFM Mekhael (treasurer); Dr BZ George

There was a change of trustee on 1 October 2020: Dr SG Tadros-Attal resigned and Dr Mina Adel Basta was appointed as a trustee.

Appointment of trustees is governed by the Trust Deed of the Charity. The board of trustees is authorised to select and appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.

Investment powers

The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity.

Objectives, activities and performance

The objectives of the charity are to provide worship for believers of the Coptic Orthodox Faith.

The charity provided opportunities for members of the Coptic Orthodox Church to worship from its base in Plymouth. The trustees are grateful for the generosity and support of the congregation and other donors for enabling the church to continue and expand its activities. The church was forced to close during the coronavirus pandemic which resulted in the usual activities not occurring and the usual expenditure was not incurred. Income was not affected significantly because additional donations received by transfer into the bank made up for the loss in collections during church services.

The reserves are held for maintaining and expanding the charity’s activities.

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees:

Dr H F M Mekhael Treasurer and acting Secretary

16 October 2021

[1]

Charity no. 1097591

St Mary & St George Coptic Orthodox Church Plymouth

Receipts and Payments Account For the period from 1 January to 31 December 2020

Receipts
Donations
Gift Aid tax reclaimed
Interest received
Property donations
Payments
Church, services and priests
Management and
administration
Charitable donations
Loan interest
Priests’ residence: fttings,
utilities
Net receipts for the year
Purchase of residence
Loans (repaid)/received
Cash funds at 31 December
2019
Cash funds at 31 December
2020		 Unrestrict
ed funds
Restricte
d funds
Total funds
2020
Total funds
2019
£
£
£
£
32,001
-
32,001
33,207
7,888
-
7,888
13,841
31
-
31
76
9,205
-
9,205
9,042
49,125
49,125
56,166
4,996
-
4,996
21,050
7,365
-
7,365
17,517
8,500
-
8,500
750
3,233
-
3,233
2,038
2,159
-
2,159
3,144
26,253
-
26,253
44,499
22,872
-
22,872
11,667
-
-
-
-
(1,352)
-
(1,352)
(61,488)
49,443
-
49,443
99,264
70,962
-
70,962
49,443

Statement of Assets and Liabilities at 31 December 2020

Unrestricted funds
Cash funds
Assets retained for the charity’s own
use
Liabilities		 details
bank account
freehold
properties
Loans		 2020
£
70,962
655,744
42,720		 2019
£
49,443
655,744
44,072		 2019
£
49,443
655,744

A house for the priests’ residence was purchased during 2017 at a cost (including fees) of £190,079. The church premises were purchased freehold and are shown at cost. Refurbishments costing £94,665 (£nil paid during the year) are included in the cost of the building (total £464,665). Depreciation has not been provided on the buildings because they are judged to have a very long useful life with their estimated residual values not materially different from their carrying value.

The priests’ residence was financed from the charity’s own funds and by a secured loan from the Nat West bank of £58,500 over 15 years at 4.8% interest (balance at 31 December 2019 £44,072). There was also an

unsecured private loan of £50,000 interest-free over 5 years with no fixed repayment schedule, which was repaid in full during year ended 31 December 2019.

Signed on behalf of all the trustees by

Dr H F M Mekhael, Treasurer and acting Secretary

16 October 2020

[2]

INDEPENDENT EXAMINER’S REPORT

REPORT TO THE TRUSTEES OF

ST MARY AND ST GEORGE COPTIC ORTHODOX CHURCH PLYMOUTH

CHARITY NUMBER 1097591

ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 SET OUT ON PAGE 2

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission.

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 no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

Signed: Date: 16 October 2021

Name: SJ Blades, Blades Business Consulting Ltd Relevant professional qualifications: FCA Address: 7 Henry Close, Lee Mill PL21 9EX