REGISTERED CHARITY NUMBER.. 1113931 Re ort of the Trustees and Unaudited Financial Statements for the eriod endin 31 March 2024 For Stma 's Indian Orthodox Church Johns Accountancy Limited 4 Northville Road Bristol BS7 ORG
st.ma 's Indian Orthodox Church Contents for the Financial Statements For the eriod endin 31 March 2024 Pa Report of the Trustees Independent Examinerfs Report Statement of financial Activities Balance Sheet Notes to the Financial Statements 7t09 Detailed Statement of Financial Activities 10t011
Annual Report of Trustee5 St. Mury's Indlon Orthodox Church, Bristol REGISTERED CHARITY NUMSER,. 1113931 For the Year End 2023-2024 Introduction The trustees present their report with the flnancial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reportlng by Charities: Statement of Recommended Practice applicable to charitles preparing their accounts in accordance wlth the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve l January 20151. Trustees The trustees and officers servlng during the year and slnce the year end were as follows: Presldent: Rev. Fr. John Varughese Mannamcheril Secretary.. Mr. Shon Pallickaleth Treasurer: Mr. Bljoy K. George Mrs, Alice Raju, Mr, Mathew Varghese, Mr, Anil Malath, Mr. Jlju George Raju, Mr. Johnson Samuel, Mr. Sunll George, Mr. Vinod Oommen, Mr. Shiju Uthup, Mr, Anll Thomas Internal Audltors: Mr. Dennls Daniel, Mr. Sall Thomas Nine committee meetings were conducted during the year. Membershlp Our church comprlses 103 registered famllles from Bristol and surroundlng areas, Including Bath, Cardlff, and Swindon. Together, we are united In falth and fellowship. Worshlp Servlees Holy Qurbana services were held every Sunday, Includlng Malayalam and Engllsh servlces for speclal occaslons. Key feasts and memorials were celebrated In Ilne with the liturglcal calendar. Regular Saturday evenlng prayers (Sandhya Namaskaramj and Sunday mornlng prayer5 preceded Holv Qurbana. 8ullding Extenslon Project This year, we began a building extension project estlmated at £556,oao. H58C approved a loan of £350,000, and the remaining balance was raised through member contrlbutlons. Construction is managed by Antoine Prltchard trading as Antolne General Builder. Key Events and Celebratlons I. OVBS 2023: Conducted from October 26-29 to nurture spiritual growth among children. 2. Charity Inltlatlves.. Distrlbuted £3,600 to families in need and charitable organlzations,
3, Onam & BBQ Celebrations: Traditional Oiiam Sadhya on September 3 and a BBQ on July 2 fostered community fellowship. 4. Passion Week & Church Perunal.. Observed with devotion, concluding with Nercha and Benediction, General Body Meetlngs Five general body meetings were held, including a budget meeting on June 4 and an election meeting on March 17, 2024. A building committee was appointed to oversee the extension project. Youth and Splrltual Organlzations MGOCSM & Youth Movement: Qrganlzed activitie5 such as OVBS and cultural events, Including youth-led worship services on the fourth Sunday of each month. Sunday School: Weekly classes for children culmlnated In a convocation ceremony on December 10. MMVS,. Initiated project5 like the food festival to ra15e funds for charity. Speclal Servlce5 and Achlevements Chrlstmas & New Year Celebratlons.. Marked with Holv Qurbana, bonfire services, and communlty meals. Mortgage Repayment: Successfully completed the church's mortga8e repayment. Vlsltlng Clergy., Hosted several bishops and priests during the year. Acolytes & Cholr: Our choir and 35 acolytes contrlbuted slgnlflcantly to the spirltual Ilfe of the church. A¢knowled8ments We express our slncere gratltude to: HIS Hollness Moran Mar Baselios Mathews111, Cathollcos of the East HG Abraham Mar Stephanos, Diocese Metropolitan of UK, Europe, and Africa Our Vicar, Rev, Fr. John Varughese Mannamcherll, for hls splritual guidance Committee members, altar assistants, cholr, MMVS, MGOCSM, youth, and Sunday School teachers for their dedication The wlder communlty for thelr unwaverlng support in all church actlvltles. Concluslon With God's blessings, we have completed another frultful year of spiritual growth and community buildlng. On behalf of the church committee, we thank everyone for their prayers, participation, and support in making 2023-2024 a successful year for St. Marfs Indian Orthodox Church, Bristol. Approved by the 8oard of Trustees on 2 June 2024and signed on its behalf by., Mr. Bijoy K George SMIOC Bristol
Inde endent Examiner's Re ort to the Trustees of Stma 's Indian Orthodox Church I report on the accounts for the period from I" April 2023 to 31 March 2024 set out on pages four to Ten. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"the 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 all the applicable Directions given by the Charity Commission under section 14515}Ibl of the Act. Independent examlner'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: the accounting records were not kept in accordance with sectlon 130 of the Charities Act; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of 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 wlth the examination to whlch attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jomy John Johns Accountancy & Taxation Filton Bristol BS7 ORG Date16/01/2025
st.ma 's Indlan Orthodox Church Statement of Flnanclal Activlties For the Period 1 A ril 2023 to 31 March 2024 2024 Total 2023 Total Unrestricted Fund Restricted Fund Notes INCOMING RESOURCES Incomlng resources from generated funds Voluntsry income Acliviti&s for gen6raling funds Other incoming resources 175,758 15,014 341 22,218 197,976 15,014 341 116,432 4,567 166 Total InGornlng resources 191,113 22,218 213,332 121,165 RESOURCES EXPENDED Costs of Genoratlng Funds Charitable Expenditure Fundraising Exp8nse8 Governance Cost Olh8r Resources expended 87,229 1,100 22,488 3,477 87,229 1,100 22,692 3,477 57,503 204 19,626 3,519 114,294 204 114,498 80,647 NET INCOMING RESOURCES BEFORE TRANSFERS 76,819 22,014 98,833 40,518 Gross transfer bolween funds Net Incomlng resources 40,518 RECONCILIATION OF FUNDS Total funds brought forward 595,009 3,401 598,410 557,892 TOTAL FUN08 CARRIED FORWARD 671,828 25,415 697,243 598,410 Rov. John Varughe58 Mannamcheril Ivicarlchairpersonl Mr 8ijoy K Ggorge Trustee Thg notes form part of those financial statements Page 5
st.ma 's Indlan Orthodox Church Bristol Balance Sheet At 31 March 2024 2024 Total 2023 Total Unre5trlcted Fund Restrlcted Fund Notes FIXED ASSETS Tangible Assets 576,469 576,469 576,662 CURRENT ASSETS Debtors Cash al bank and in Hand 110,262 110,262 13,322 13,322 123,584 123,584 26,404 26,404 CREOITORS Amounts falling due within one yoar {2,8101 {2,8101 14.6551 NET CURRENT ASSETS I ILIABILITIESI 107,452 13,322 120,774 21,749 TOTAL ASSETS LESS CURRENT LIABILITIES 683.922 13,322 697,244 598,411 CREDITORS Amoun15 falling due after mora than ona year NET ASSETS 683.922 697.244 598411 FUNDS Unreslricled Fund8 Reslrict8d Funds 671,829 25,415 595,010 3,401 TOTAL FUNDS 697,244 598,411 The financlal St8lemenls were approved by the Board ol Trustees on È.tJk-2f and were signed on ils behalf by R8v. John Varughese Mannamcheril Ivicarlchairpersonl Mr. Bijoy K George - Trvslee The no185 form part of these financial stslemenls Page 6
St Mar 's Indian Orthodox Church Notes to the Financial Statements for the Period Ended 31 March 2024 ACCOUNTING POLICIES Accounting convention The financial statement have been prepared under historical cost convention, and in accordance with the Financia l Reporting Standard for Smaller Entities leffective April 20081, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. Incomlng Resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be qualified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated Useful life. Plant & Machinery Fixtures and Fittings Computer equipment 15% on reducing balance basls -15% on reducing balance basis -25% on reducing balance basis -Not Provided Freehold property (The Trustees have carried out a full impairment review in accordance with FRS 11, as a result of which no depreciation is made in respect of freehold property on the grounds that the estimated residual value Is not materially different from its carrying value in the Balance Sheet) Taxatlon The charity is exempt from tax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restrlcted funds can be used for particular restricted purposes wlthin the objects of the charity. Restrictlons arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the note5 to the financial statements. 2 ACTIVITIES FOR GENERATING FUNDS Harvest Festival and Fund-Raising Events. 3 TRUSTEES REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the period ended 31 March 2024 nor for the year ended 31 March 2023 as Trustees, but paid £16900 to Rev. John Varghese for their services as a Vicar for the year 2023- -2AI
st. Ma 's Indlan Orthodox Church Notes to the Financial Statements - continued for the Period l A ril 2023to 31 March 2024 4. TANGIBLE FIXED ASSETS Freehold Pro è Pro Develo ments Plant and Machlne COST At 1 April 2023 334,793 222,463 2,251 Additions At 31 March 2024 334,793 222,463 2,251 DEPRECIATION At 1 April 2023 1,524 Charge for the year 109 At 31 March 2024 1,633 NET BOOK VAL At 31 March 2024 334,793 222,463 618 At 31 March 2023 334,793 222,463 727 Flxtures and Flttln Com uter E ul men OST Al 1 April 2023 51,496 3,147 614,150 Additions 3,155 129 3,284 At 31 March 2024 54,651 3,276 617,435 DEPRECIATI At 1 April 2023 33,422 2,543 37,489 Charge for the year 3,184 183 3.477 At 31 March 2024 36,606 2,726 40,966 NET BOOK VALUE At 31 March 2024 18,045 550 576,468 At 31 March 2023 18,074 604 576,660 S. DE8TORS' AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Gift Aid Receivable Other Debtors Page 8
st.ma 's Indian Orthodox Church Bristol Notes to the Financial Statements - continued for the Period 1 A 6. CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR ril 2023 to 31 March 2024 2024 2023 Bank Loans and Overdrafts Loan from Members and others Other Creditors Accrued Expenses 1,845 2,810 2,810 2,810 4,655 7. CREDITORS; AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 HSBC Mortgage Amounts falliing due in more than five years Repayable by instalments Total 8. SECURED DEBTS Following secured debts are included within Creditors 2024 2023 Bank Loans 1,845 Piling, Bristol. 9. MOVEMENT IN FUNDS Net Transfers Movement beteen At 1.4.2023 in Funds Funds At 31.03.2024 Unre8trlcted Funds General Fund 595010 76,819 671,829 R88trlcted Funds Church Buildingl Buying Fund Mortgage Repayments 3,401 22,014 25,415 3,401 22,014 25,415 TOTAL FUNDS 598,411 98,833 697,244 Net movement in Funds, included in above are as follows Incoming Resources Movement in Resourcs Expended. Funds Unrestricted Funds Gener81 Fund 191,113 (114,294) 76,819 Restricted Funds Church Buildingl Buying Fund Mortgage Repayments 22,218 (204) 22,014 22,218 213,332 204 22,014 98,833 TOTAL FUNDS 1114,498) Page 9
st.ma '¥ Indlan Orthodox Chureh Detalled Statement of Flnanclal Actlvltles for tho Perlod 1 A rll 2023to 31 March 2024 2,024 2,023 (£1 Incomin Resources Voluntary In¢om• Gift Aid Subscription Donations Offertory CalhollcalelRece$salSemlnarylMisslon Sund8y Charity V8¢8llon Blble Study Sunday School Church Extenslon Fund MGOCSM MOMS Dlocese Day Special Colleclion . Mortgage Repayment Youth Fund Coll&clion Orthodox Sanghamam 23,898 31,565 15,424 31,468 1.092 350 1.961 2,529 54,982 356 2,773 1,226 22,218 5,570 2,584 197 976 17,425 27,690 16,920 23,031 482 1,320 1.525 740 3,437 118 23,880 116432 A¢tlvltle• for Genoratlng Fund$ Harv851 Festival Fund Ralslng Events 8.200 6,814 3.687 880 Other Incomlng R8•ourc•• Rents Received 341 186 tal In¢ mln R•sou •8 213332 121 165 ur Charltsblo Expondetur•• Vlcar Allowances V18111ng Blshop8 & Pdesl Church Consumabl8S Passlon Week Refreshmgnls Sunday School Expenses Sunday School Annual Meellng Perunnal Expenses Chrf8lmas & Newiear Charlty Calhollcal&lSemlnarylMI881on Stsnday Dlocesa Dayl Flxad Contdbutlon Mis¢èllanaou8 Exp Orthodox Sangham8m Vacation Bible Study Gifts & Pr¥senlaclions MOMS MGOCSM Youth Camp 16,900 2.850 1.179 4,408 23.766 4,821 15,350 2.800 495 3,317 14.457 2,988 3,715 1,885 3,600 600 3,431 1,099 2,820 4,951 859 2,385 580 3,444 3,885 5,200 600 305 3,759 298 548 60 Fund R•l•lng Expen88• Fund Raising Expenses 1,100 Th18 Page does not fom part ol the 818tulory financial slal8menl8 Page 10
st.ma 's Indlan Orthodox Church D?talled Statement of Flnanclal Actlvltl03 for th• P&rlod 1 A rll 2023 to 31 March 2024 Contlnu8d 24 Governance Cost Rates and Water Insurance Light and Heal Telephone Printing, Stationery and Post Cleanlng and Sundrfes Property Repairs and Maintenanc6 General Repairs and Maintenance Website Expenses Accountancy Legal & Professlonal Expenses Health and Safely Expenses Bank Charges Mortgage Interest ond Charges 165 3,362 3,420 655 633 919 9.535 1.818 777 240 35 124 3,116 3,869 502 915 1.008 5.613 2,316 249 302 35 30 311 1,435 19.626 929 204 22,692 D•pr•clatlon Plant and Machln8ry Fixture$ and Filling$ Computer Equipmgnl$ 109 3,184 183 3,477 128 3.189 201 3,619 Total Re•ourc•• Expfrnd•d 114,498 80,647 Net In¢om• 98,833 40,518 Thls page does not form part of the 8latulory fin8ndal $la1gment8 Paue 11