REGISTERED CHARITY NUMBER: 1118820
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2023 for St. Thomas, Indian Orthodox Church, London
Thomas David Accountancy & Taxation 557 Filton Avenue Bristol BS7 0QH
St. Thomas, Indian Orthodox Church , London Contents of the Financial Statements for the Year Ended 31 March 2023
----- Start of picture text -----
Page
Report of the Trustees 1 to 2
Independent Examiner’s Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 8
Detailed Statement of Financial Activities 9 to 11
----- End of picture text -----
St. Thomas, Indian Orthodox Church , London Report of the Trustees For the year ended 31st March 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
Objectives and Aims
The main objective of the parish is to promote the Orthodox Christian Faith by maintaining place of regular worship and prayers and promoting service activities and charity for the benefit of the wider community and society.
Significant activities
Holy Qurbana & Divine Service : We had regular worship services on all Sundays and important feast days. Every Sunday, morning prayer started at 9.00 am and the Holy Eucharist at 10.00am. Holy Liturgy is celebrated in Malayalam on three Sundays, and in English on every fourth Sunday of the month. On average, close to 250 people attend the Holy Eucharist on Sunday and foster bonds over fellowship meal after the Qurbana.
General Body Meetings : Four General Body meetings were held during the year to deliberate on various matters and to take appropriate decisions. The managing committee of the parish also met periodically to plan and review the activities of the church and also provided recommendations to the General Body
St. Thomas' Sunday School : Our Sunday School has been functioning very well with 142 children attending various grades - from preschool to grade 12. We have 32 main stream teachers and 10 associate teachers under the leadership of Head teacher (Mr. Biju Kurian) and the Deputy Head Teacher (Mr. Sudarshan Joy). Classes are conducted immediately after the Holy Eucharist on all Sundays. Sunday school starts with a general assembly includes bible presentations, Malayalam teaching lessons, quiz competitions, song sessions and other traditional christian activities.
Other student activities : Our children actively participated in a number of events organised by the church. We successfully conducted the OVBS at our church on 10 & 11 September 2022. We conducted the Rededication of the children who turned 12. Our children conducted shoe box charity collection - a project run by the Samaritans Purse charity. Thy collected Christmas presents to be distributed for poor children in various parts of the world.
St. Thomas' Youth Fellowshi p: OCYM (Orthodox Christian Youth Movement) is led by Secretaries (Shilpa Sajan and Sachin Roy) under the guidance of the Vicar. They have conducted different events and activities focussed on different age group. The team launched e-Nercha - an initiative to make digital payments in church easy and convenient. Our youth fellowship is an inevitable part of the church as they continued to pump energy in to the parish by boosting the involvement of the young generation in the church activities.
St. Thomas' Women's Fellowship : Along with organising weekly fellowship meals, and food for key occasions, the women of the church were the driving force behind the success of Manna Fest. The secretaries, Binu Shinoy and Dolly Thomas were ensuring the active participation of women in the liturgy by reading the Old Testament portions. They have joined in Friday evening prayer chains on WhatsApp and Wednesday online intercessory prayers.
Patron's Day (St. Thomas Day) : Patrons' Day celebrations were held at the church on Saturday, 02 July and Sunday, 03 July 2022. We had Rasa, Intercessory prayers and fellowship mean on Sunday after the Divine Liturgy.
Harvest Festival: The Harvest Festival (Annual Thanksgiving) held on Sunday, 04 September 2022 was inarguably the most successful held till date.
St. Gregorios's Festival (Parumala Perunal) : We celebrated the blessed feast of St. Gregorios of Parumala on Saturday and Sunday, 05 and 06 of November. A padayathra (prayerful procession on foot) from Cassiobury Park in Watford on Saturday afternoon to end in the church in the evening to finish with the evening prayers ad fellowship meal was the main feature of this year's Perunal. We had Divine Liturgy followed by Rasa, intercessory prayers and nercha on Sunday.
Christmas Carol Service: Our Christmas Carol Service was held at JFK School hall at 6.00pm on Saturday, 17 December. The Carol service was arranged by our Sunday school children, Youth fellowship and church choir. The carol service ended with prayer followed by a fellowship meal.
Christmas Service : Our Christmas liturgy and Holy Eucharist were celebrated on Saturday 24 December. A Christmas Eve was celebrated at 6.00pm at our church followed by a Christmas Dinner.
New Year Service: Our parish had the celebration of Divine Liturgy on Sunday 1 January 2023 to mark the New Year and the anniversary of declaring our church as a parish by late lamented H. G. Dr. Makarios. This is also celebrated as a day of prize distribution to our Sunday School children.
Family Gala : Family Gala cultural event was organised for the parish family on 18 February 2023 at JFK school hall, Hemel Hempstead with lot of entertainment programmes for families.
Greetings from the church : We have been sending greeting cards from our church on various occasions. Birthday cards, wedding anniversary cards and Christmas Greetings were sent to all members.
FINANCIAL REVIEW
Reserves
The Church reserves are held to help its current and future activities including maintenance of the church building. The retained surplus of parish as on 31/03/2023 was £547,399 (£ 466,768 on 31/03/2022)
Recruitment and appointment of trustees
The vicar is appointed by the diocesan Bishop and his term will until further order from the Diocesan Bishop. The Secretary , Treasurer and other committee members are elected at the annual general body meeting of the charity.
Page 1
St. Thomas' Indian Orthodox Church , London
Report of the Trustees
For the year ended 31st March 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Name of Charity : St. Thomas' Indian Orthodox Church, London Charity Registration Number : 1118820 Principal address : St. Agnells Lane, Hemel Hempstead, HP2 7AY
Trustees / Committee
The Trustees and Oficers serving during the year and since the year end were as follows:
Rev. Fr. Anoop Malayil Abraham : Vicar and President Mr. Mathew Thomas : Trustee Late Mr. Jiji Mathews : Secretary Mr. Shelvin Kuriakose : Secretary in charge Mrs. Sherry John : Committee Member Mrs. Elizabeth Joshua John : Committee Member Dr. Sen Kallumpuram : Committee Member Mr. Shibu Paul : Committee Member Mr. Varghese Koruthu : Committee Member Mr. Cijine John : Committee Member Mr. Geevarghese Thomas : Committee Member Mr. Anil Abraham : Ex- Officio Mr. Shelvin Kuriakose : Ex- Officio Independent Examiner Thomas David Accountancy & Taxation Limited 557 Filton Avenue Bristol BS7 0QH Approved by the Board of Trustees on ................................................. and signed on it's behalf by: Mr. Shelvin Kuriakose - Acting Secretary Dated: Page 2
Independent Examiner’s Report to the Trustees of
St. Thomas' Indian Orthodox Church, London
I report on the accounts of the charity for the year ended 31 March 2023, which comprise the Statement of Financial Activities, the Statement of Financial Position and the related notes.
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 required.
It is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
toAct); andfollow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011
-
to state whether particular matters have come to my attention.
Basis of the 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 statements below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr Thomas David FCCA Thomas David Accountancy & Taxation Limited 557 Filton Avenue Bristol BS7 0QH Date :
Page 3
St.Thomas' Indian Orthodox Church , London
Statement of Financial Activities
for the Year Ended 31 March 2023
| Notes 2 3 Donations and legacies Total Investment Income INCOME AND ENDOWMENTS FROM EXPENDITURE ON Church Running Costs Other Total NET INCOME Charitable activities |
Unrestricted funds £ 204,983 430 205,413 (124,782) - (124,782) 80,631 |
Restricted fund £ - - - - - - |
2023 Total funds £ 204,983 430 205,413 (124,782) - (124,782) 80,631 |
2022 Total funds £ 56,086 610 |
|---|---|---|---|---|
| 56,696 | ||||
| (59,678) - |
||||
| (59,678) | ||||
| (2,983) |
CONTINUING OPERATIONS*
All income and expenditure have arisen from continuing activities.
Page 4
St.Thomas' Indian Orthodox Church , London
Balance Sheet
| Balance Sheet | ||||
|---|---|---|---|---|
| At 31 March 2023 | ||||
| Notes | 2023 | 2022 | ||
| Total funds | Total funds | |||
| £ | £ | |||
| FIXED ASSETS | ||||
| Tangible assets | 4 | 417,368 | 413,371 | |
| CURRENT ASSETS | ||||
| Debtors | 5 | 69,674 | 44,250 | |
| Cash at bank and in hand | 6 | 61,149 | 47,740 | |
| 130,823 | 91,990 | |||
| CREDITORS | ||||
| Amounts falling due within one year | 7 | (792) | (13,582) | |
| NET CURRENT ASSETS | 130,031 | 78,408 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 547,399 | 491,779 | ||
| LONG TERM LIABILITIES | ||||
| Bank Loans (Secured) | (25,011) | |||
| NET ASSETS | 547,399 | 466,768 | ||
| FUNDS | 8 | |||
| Unrestricted funds | 547,399 | 91,870 | ||
| Designated | 374,898 | |||
| Restricted funds | - | - | ||
| TOTAL FUNDS | 547,399 | 466,768 | ||
| The financial statements were approved by the Board of Trustees on….........................................and were signed | on its behalf by: | |||
| …......................................... | …..................................... | …..................................... | ||
| Mr. Mathew Thomas | MrShelvin Kuriakose | Fr. Anoop Malayil Abraham | ||
| (Treasurer) | (Acting Secretary) | (Vicar and President) |
Page 5
St.Thomas' Indian Orthodox Church , London
Notes to the Financial Statements
For the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost conversion, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
St Thomas Indian Orthodox Church, London meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes(s).
Incoming resources
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
| Land & Building | : | Not provided (Trustees have carried out a full impairment review in accordance with FRS 102 and find out that the estimated residual value is not materially different |
|---|---|---|
| from it’s carrying value in the Balance Sheet) | ||
| Fixtures and fittings | : | 15% on reducing balance basis |
Change in Accounting Policies: The fixed assets are depreciated as below Freehold Land and building - Nil Fixtures and fittings - 15% on reducing balance basis
Taxation
The charity is exempt from tax on its charitable activities.
Funds
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions 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 notes to the financial statements.
Trustees Remuneration and Expenses
There are no trustees remuneration paid during the year other than the salary and allowances paid to the vicar for the pastoral services
Page 6
St.Thomas' Indian Orthodox Church , London
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
| for the Year Ended 31 March 2023 | |||
|---|---|---|---|
| 2. 3. 4. At 31 March 2023 At 31 March 2022 Charge for the year Eliminated on Disposal At 31 March 2023 NET BOOK VALUE DEPRECIATION At 1 April 2022 TANGIBLE FIXED ASSETS COST At 1 April 2022 Additions Disposal Income From Donations & Legacies Donations Received INVESTMENT INCOME Bank Interest Rental Income Total At 31 March 2023 |
Unrestricted Funds £ 204,983 Land & Building £ 653,834 - - 653,834 240,798 - - 240,798 413,036 413,036 |
2023 £ 204,983 2023 £ 55 375 430 Fixtures and fittings £ 50,212 4,761 - 54,973 49,877 764 - 50,641 4,332 335 |
2022 £ 56,086 |
| 2022 £ - 610 |
|||
| 610 | |||
| Totals £ 704,046 4,761 - |
|||
| 708,807 | |||
| 290,675 764 - |
|||
| 291,439 | |||
| 417,368 | |||
| 413,371 |
Page 7
St.Thomas' Indian Orthodox Church , London
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
| 5. 6. 7. 8. Funds Unrestricted funds Total TOTAL FUNDS MOVEMENT IN FUNDS Unrestricted Funds Designated Funds Total General fund Total CREDITORS Creditors & Accruals Amounts falling due within one year Gift Aid Tax Receivable CASH AT BANK AND IN HAND Balance in Natwest Bank A/c Number 66075408 Balance In Natwest Bank A/c Number 66107881 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Balance in HSBC Bank A/c Number 52497875 |
General Fund £ - 47,459 13,690 61,149 At 01.04.22 £ 91,870 374,898 466,768 466,768 |
Restricted Fund £ - - - - Net Movement In Funds £ 80,631 - 80,631 80,631 Incoming Resources £ 205,413 205,413 |
2023 £ 69,674 69,674 2023 £ - 47,459 13,690 61,149 2023 £ 792 - 792 Transfers between Funds £ 374,898 (374,898) - - Resources Expended £ 124,782 124,782 |
2022 £ 44,250 |
|---|---|---|---|---|
| 44,250 | ||||
| 2022 £ 4,578 30,879 12,283 |
||||
| 47,740 | ||||
| 2022 £ 120 13,462 |
||||
| 13,582 | ||||
| At 31.03.23 £ 547,399 - |
||||
| 547,399 | ||||
| 547,399 | ||||
| Movement in Funds £ 80,631 |
||||
| 80,631 |
Page 8
St. Thomas' Indian Orthodox Church , London
Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
| Bank Interest Rental Income Total Incoming Resources Others Emergency Expenses Payback Baptism Bank Credit Donation - Holy Week Donation - Catholicate Donation - Diocese Gift Aid - HMRC Mortgage interest Donation - Charity General Donation - Property Sunday Auction Youth Fellowship (Gala) Harvest Donation Christmas / New Year Offering Sunday School & OVBS Seminary & Mission Sunday Fellowship Meal Youth Fellowship (Batminton) Parumala Perunal Subscriptions Offertory Birthday Wedding Anniversary / Wedding Women's Fellowship (Manna) I. INCOME AND ENDOWMENTS Donations and legacies |
2023 £ 31,902 26,967 5,384 2,157 2,832 1,478 332 26,611 2,436 880 30,973 135 3,946 2,109 - 295 290 30 52,585 140 - 13,500 - - - 55 375 205,413 |
2022 £ 23,832 12,714 3,946 1,175 - - - 320 730 715 2,255 70 810 - 850 280 180 - - - 2,512 - 325 372 4,999 - 610 |
|---|---|---|
| 56,696 |
This page does not form part of the statutory financial statements
Page 9
St.Thomas' Indian Orthodox Church , London
| St.Thomas' Indian Orthodox Church , London | ||
|---|---|---|
| II.EXPENDITURE Charitable Activities Property Utility -Water Charges Property Utility -Waste Collection Property Utility -Internet Property Insurance Property Utility -Electricity and Gas Charges Net income Depreciation Total Resources expended Others Vicar Pension Vicar Telephone & Travel Vicar Accomodation Visiting Priest St. Thomas Day Expenses Emergency Expense Property Maintenance Vicar Meals National Insurance Mortgage Interest Charity General Repairs and Maintenance Property Cleaning Mission Sunday Seminary Bank Charges Establishment Expenses Fellowship Meal Church Provisions Detailed Statement of Financial Activities for the Year Ended 31 March 2023 Catholicate Diocesan Contribution Holy Week Expenses Church Cleaning Office Stationary Kaimuth Vicar Allowance Women Fellowship Special Felilcitation Sunday School & OVBS Diocese Expense Youth Fellowship Christmas Expenses Accountancy |
2023 £ 4,000 6,000 200 500 5,055 60 3,997 - 2,014 1,814 859 - 14,500 228 1,589 1,500 875 4,521 1,500 3,386 - 619 13,465 30,805 3,763 3,647 426 1,167 486 1,290 7,909 1,769 80 635 2,361 672 - 1,286 1,040 764 124,782 80,631 |
2022 £ - - - - - - - 300 - - - 1,043 16,464 358 - 2,500 - - - 1,150 5,401 1,011 - 700 1,497 1,861 1,334 825 275 1,204 - - - 728 - - 225 478 1,503 20,823 |
| 59,678 | ||
| (2,983) |
Page 10