REGISTERED CHARrfY NUMBER.. 1118820 R• ort of th• Tru8t888 and Unaudltod Flnanclal Statemgnts ft4r the Year Endèd 31 March 2024 for homai Indlan Orthodox Church ond Thomas Oawd Accountaney & Taxation 557 Fihon Avenue Bristol 8S70QH
St. Thomas Indian Orthodox Church London Contents ol the Financial Stat8ment$ lor tho Yoar Ettd8d 31 March 2024 Page Rgport of the Tru51ees 1102 IndendnI Examinels Report Slalement of Finzneial Activities 881anee Sheet Notes lo the Flnaneial Statements 6108 Dtrralled Slalemont of Financial Acilvllio8 9t0 11
St. Thomas Indian Orthodox Church Re ort of the Trustees for th• Year Ended 31 March 20 ondon The trusle&s pra$8nt their report with the financial statements of tha ¢harily for the year ended 31 fvlar¢h 2024. The Irusteos have adoptèd the provisions of Accounting and Reporting by Charitiès,. Statement of Recomménded Practice applicable lo charities prèparing their accounts in accordanc8 Wlth the Financial Reporting Standard applicable In tha UK and Republic of Ireland IFRS 1021 (effective 1 January 20151. Ob èctlves and Alms The main obiecbve of thg parish is lo prornole th8 Orthodox Christian Faith by maintaining place of regular worship and prayers and promoting sarvice aclivitias and ¢harily tor thè ban8fi1 ol the wider community and sl91y. Sl nlflcant a¢tlvltie5 Holy Qurbana & Dlvln¢ s?1¢.. We had regular wrship seNi¢es OTTr all sunda and Important faasl days. Every Sunday, morning prayer slartod al 9.iy) am and the Holy Eu¢ari$t at 10.00am. Hdy Liturgy is ¢elebrated In Malaydlam on throe Sundays, and ID English on ?¥ery fourth Sunday of thè month. On avgrage, ¢b90 to 250 people attend the Holy Eueharisl on Sunday and fostar bonds OV8r f8lbwship meal after the Qurbana. G•n•ral 8•dy M••tlng¥'. Threa General 8ody meeting5 were held during the year lo deliberate on Various matt8r$ and lo take appropriate d8Ci8ions. The managing comrnittee of the parish also met perh)clical to plan and review Ihe activiti88 of the ehurch and also provided commondalions to th8 Gener818Y St. Thomas. Sunday School.. Our Sunday School ha$ been functioning vory Vl811 with 142 children attanding various graoles . from pr8-$th001 lo grade 12. We havo 39 main Slr8am te8chers and 14 associate teach8r$ under lho1oad8r5hip of Haad teacher (Mr. Sam Kurianl and the Dapuly He1 Teacher (Mr. Dony Philip). Cb$$es are conducted imm&dialely after the Holy Eucharist on all Sundays. Sunday School $lart$ th a gonoral assambty includes tiible pras•nlalions, Malayalam teaching lesson5, quiz ¢ompolilions. song $8Ssions an¢ other traditional chnstian acliviti88. Our Church hos18d th8 Dioc888 Sunday scho Taacher8' Canference on 29 April 2023. oth•r tud8nt actlvltl8s.' Our children a¢livoty pgrbcipaled In & numbor of avènts organised tiy tho church. Ws 8uccessfully condu¢lad th• OVBS 81 our Church Dn 8 & 9 Juty 2023. Wg ColUCIe tha R8d8dication of Ihe chir• who lum8d 12, Our ¢hildren conduct8d shoe box tharity collecti. a prLi8cI Nn by th? Samaritans Pur58 charity. Thy collecl&d Chrisim8s prosgnts b& dlslribuled for poor chikJrgn in various parts of th8 worfd. SL Th+)ma•' Youih F•llow8hlp'. OCYM IOrthodo¥ Chdsiian Youth Movemenll Is by se18?8 (Shilpa Salan and Sachin Roy) under the guidance of th8 Vicar. They hav& conducted different events and activities focu$$gd on dlffefenl age group Thg team Lgunchad o-Nercha wilh QE ccé8 displays- an Inilialiva lo mak8 digital payrnen19 in churth •asy 8nd convenient. Our youth fellowship18 an inevitab part of the hurch 88 they conthued lo pump gn?rgy in to the padsh by boo$ling tho involvement of the young genora)'on in Ihe church a¢livilio$, SL Thoma8, Women's F•llow8hlp'. Abng with organising weakly f81knwship rn8aL4. and loc for kay occa$ions, the worn8n of thè church wer8 the ddving forc• bohind the succ888 of Manna Fasi. Th8 s8cr8taries. 8inu Shinoy and Dolly Thomas were 8nsuring th8 actsve partS¢ipalion ol women in thg lilwgy by reading the Old festam8nl portions. They havtr joined in Friday evening prayer chains on WhatsApp and Wednesd8y online in18rc8sw wayer8. Palron's Day ISL Thoma• Dayl.. Patrons, Oay c918brals ra héld ai the church on Satuféay, 01 July and Sunday. 02 July 2023, We had Rasa. Inl8r¢ogs0ry prtyars and fgllowshlp m8al on Sun(J8y aft8r the Divlne Liturgy. Harvest Fostlval.. The HaNesl Festival (Annual Thanksgiving) held on Sunday, 24 Sèptember 2023 continued on th8 succe8$ in 2022 with rn0 18milies parth'cipating and contributs'ng lo the harvest collection. St. Grègorlos'$ F••tlval (Parurnala Perun41l.' We celebrated the blessed feast of Si. Gregorio8 ol Parumala on Saiurday and Sunday, 04 onLI 05 of Novemb8r. A padayaihra (prayerful procession on Iooii from Cassiobury P8rk In Watforé on Saturday aft8Moon lo end In the church in thè evening lo finish with the woning prayers a¢ fellowship méal was the main feature of this y8aV8 Perunal. We had Divine Liturgy followed by Rasa, Iniercessory prayer5 ancl ?h8 on Sunday, Chrl$tm48 Carol S8rnflco'. Our Chri$ima$ Carol Service was hald 81 JFK School hall ai 6.OOwn Dn Saturday. le Decernber. The Carol service wa5 arranged by Dur Sunday schwl children, Youlh fellowship ano church choir. The cafol service ended with prayer followed by a fellowship meal. Chrlstm•J S•r¥lc•.' (ljr Chrlstmas liturgy and Holy Etjcharist were eelebraled pn Sunday 24 Decernoer. A ¢hri$bma8 Eve was cekbraled al 6.(K>pm ai our church followed by a Chnstmas Dinn. N•w Y•ar s•1ce.. Our p8ri8h ha¢ the ¢&kbraiion of Diwn8 Liturgy on Monday 1 January 2023 to mark the New Year and the anniversary of dedarirTrg our church as a pansh by lale18mentod H. G. Dr. Makarios. This Is aL80 celebrated as a day of pnze di$lnbution lo our Sunday School Childn. Famity Gala.. Family Gakq cuttufal event was orBani58d for the parish family on 18 F8bruary 2023 al JFK school hall. Hemel H8mpst•ad wth k)1 of entertainment programrnes for familes. Gr8otlng8 from th¢ ¢hur¢h. We have b8en sending grèetyng card5 from our church on VarU5 occa510n8. 8ithday card$, wedding anniversary Cards and Christma8 Gwlings were sent lo all membws. FINANCIAL REVIEW Re$erves rhe Churth re88rv8s ar8 hekl 10 h&lp ils current and fulur8 activities including rnaintenan¢e of the chureh building. Th8 retained surplus of psd5h as on 3710312024 as £ 668.303 1£ 547,399 on 31103120231 Rocruitment and appolntmemt oltrust80s The vicar Is appointed by the Jio¢e5an 8i5hop and hSs term will uniil further order from the Dlo¢esan Bishop. The Seclary, Treasurer and Other committee m8rnbers are ected at the annu21 general body meeting of th8 charity Page 1
t. Thomas. Indlan Orthod x Church London ort of the Trust¢e$ For the ar 8ndod 31. Mar¢h 2024 REFERENCE AND AOMINISTRATNE DETAILS Name ol Charlty Charity Re9lStration Number Prlnclpal addr•• 5t. Thornas. Indlon Orthodox Church, London 1118820 St. Agnells Lane, Hemel Hempstead, HP2 7AY Tru5t•85 I Comrnltt•¢ rhe Truste08 and Oficers Sn9 during the year and since the year end rg as follows". Rw. Fr. MaL4yI Abraham Vicar and Pr88idenl Ge8V8h@s6 Thomas Tru$le6 V¥gh858 Koruthu S8cr8tary 'ay Sam Committoe Member Charfs Raiu Committee Member 8aboy Tham Committao Mernber Jljo Malh•w Cornmittae M8mb8r Mrs. Allgy J¢hn Committee Mernber Mrs. VSII Syra Vargh859 Cornmitt Member Mathew N¢bu Commlttee Mernb9r Shiji Paul Ccrnmille? Mgmber Roy Vaghg8e Committee Mervber Cilin¥ John Committ99 Member M81hew Thoma8 Ex- Officio Mr. Shefvin Kuriakosg Ex- Officlo Ind4pndont Examlner Thoma$ David Accounlaney & TaxaJon Limited 557 Filton Avènuè Bristol 8$7 OQH Approved by the 808rd of Tru8ts98 .26 and slgned on Il's bghalf by.. Mr Varghese Koruthu - S8cretary Page 2
Indo ndent Examiner's Ro ort to the Trustee$ of t. Thomd5' lTrdian Orthodox Church ndon I report on Ihe a¢¢ounts of Ihg charity for lh8 year ended 31 Mar¢h 2023. which compns8 Y)e Slalemènt of FinarTcial Activik'es. Slatemeni of Financial Position and th8 r8Lg18d notes. R•$p•Gtlv• r•5POnsibilltle8 of trustees and •xamln•r The charity's Irusts8s are re$pon5ible for th? preparauon of the a¢¢ounls. The charity's tmsle8s consider that an audit not required for this y8ar lund8r sec1K 144121 ol the Charities Ad 2011 Ith8 2011 A¢tll and that an independent axaminalion Is wuired. 1$ my rgsponsibilily 10. examine the accounts under S8clicn 145 of the 2011 Act lo follow tho proc8dur88 18id down in the Gener* Oir8Glion5 given by the Charity Gommission lund8r Saction 14SISXbl of the 2011 Aeti.. and to slate wh8th8r particulgr matters hava come to rny att?nlion. 8a$l$ of tho Independent examlner'$ roPOrt My examinatk)n was Carried out in accordance wilh the General Diro¢lions gpign by th8 Chanty Commission. An oxamination Incltsdes a rgvlew of the accounting r8cord8 kept by the charity and a compaflson of the accounts pr858nled with th088 r8¢0r¢s. 11 also includes consideration ol any unusual itams or discbsures In the accounts. and 888king explanations from you as trustsgs ¢onc8rning any such matt8r$. The procadures uMd8rtaken do not provid6 all tho avid8nC& th81 would be requir6d in an audit, and consequently no opinion Is givan as 10 whelhar tha ac¢ounls pr•sÉnt a'lru8 and lair vlew. and lh8 r•port 15 limited to those mattors out in the ststsmenls below. Indop•nd•nt •xamln•f• •¢•t•m•nt In conngclion Wth my exarninalic. no m8ttar hay crjme to my att6ndon'. which glves mo r8a$onablg ¢au$e lo believe that, in any malgrial r98pect, th? requirements to keep accoundng ro¢ordJ in accordance with Secison 130 of th? 2011 Act., and lo prgpar8 accounts whlch accord wilh th8 accounting r8cord8 8nd 10 compty with the aeeouniing requirements ol the 2011 Act have not been m8t,' or 121 to which. in my opinion, $tt8ntion should be drawn In ordor 10 &nable a proper understanding ol tho accounts to be reached. Mr Thornas David FCCA Thoma& David Accountancy & Taxation mit94 557 Filton Avenue 8S7 OQH Dale Page 3
St.Thomas' Indlan Orthodox Church London Statement of Financlal Activit195 for the Year Ended 31 March 2024 2024 2023 Not08 Unrestricted funds R•5tr1Gt•d lund Total fund8 Total funds INCOMe AND eNDQWMENTS FROM Donalk)n$ and legaoes Invostmanl Inc0rn8 225,069 22S.069 204,983 720 720 430 Ttstal 225,789 225,789 20S,413 ExPENDVRE ON Ch#rttable actlvltlefy Church Running Costs Other 1104.8861 1104.8861 1124,7821 Total 1104,8861 1104,8861 11247821 NET INCOME 120,904 120.904 80,631 CONTINUING opeRATIONS' All incorno 8nd oxpondilure hav8 adsan from continuing a¢tivi11o8. Pag8 4
St.Thoma Indian Orthodox Church ondon Balanco Sheat A131 March 2024 Notss 2024 2023 Total fund$ Total lunds FIXED ASSETS Tangible asseis 424.394 417.368 CURRENT ASSETS Oeblors 94.800 69.674 Cash at bank and in h8n 150.193 61.149 244,993 130.823 CREDITORS Amount$ falling due Nvilhin one year 11,0841 17921 NET CURRENT ASSETS 243,909 130,031 TOTAL ASSETS LESS CURRENT LIA8LITIES 668,303 547,399 LONG TeRAfj LIAelLrrie8 Bank Loans (Secured) NeT ASSETS 668,303 $47,399 FUNDS Unra$lricléd ndS S68.303 $47.399 D8signaled Restncted funds TOTAL FUNOS 668,303 S47,399 Th• financial sla18rn&nt$ were approved by th• Board ol Trustees on 2() and were sign•d on ils half by. Mr. Geevarghese Thomas (Treasurer) Mr Varghese Koruthu (Secretary) Fr. Anoop Malayil Abraham (Vicar and Presidentl Page 5
St.Thomas' Indian Orthodox Church Lond Not8S to the Flnanclal Statgment5 or the Year Ended 31 March 2024 ACCOUNTING POLleS Basls of pr•parlng tho financlal 8tat•m•n15 Th8 financial slalèmenls have been prepared under the historical c051 conversion. 8xc8pI for inveslTnen15 which arn includad al market vaiuo and the revakJ8lion ol c8rtain fixod as$615 and in accordance witr the ChariUO$ SORP IFRS 1021'Accounling and Reporting by Chariti88.' Stalemenl of Rpcornmended Pracli¢e applicable to charities preparing their aDnIS in a¢¢ordance with th8 Financial Reporting Standard applicable lo chari118s preparing tholf accounts in accordanc8 Mth the Finan¢iai Reporting Standard appl'¢abl& in the UK and Rapublic ol Iraand IFRS 1021 leffeclivg 1 January 20151,, Financial Reporting Standard 102 'The Financial Raporting Standard applicae in thè UK and Reptsblc of Ireland IFRS 1021. and th8 Charities Act 2011. St Thomas Indian Orthodo¥ Church. London m88ts the definition of a public benefit 8ntity under FRS 102. Assats and liabiliti8S are Initially recognised 31 historical ¢o$l or trransaclion Value unless otherwise sialed in the relevant accounting pol'cy nolg81$1. Incomlng r880urco8 l in¢om8 is recognised in the Slalemenl of Financial Actiwties once th8 charity has onlillemenl fo tha funds, it 18 probable that tha income will bo r8ceiv8d and the amount can bè measured rellabiv. R•sourc•8 •xp•nd•d Li8bilitie$ are racognisod as èxpendilurg as soon as th6r8 is alogal or construclive obligation committing th• charity to that 8xp8ndlium Tnglbl• flx•d a¥•ts Tang10 fixed assets ar8 $181ed ai cosi or valuation lass d8pr8cialion and any provi9ion for impairrn8nl. Qgpreoalion is provid8¢J al thg following annual rale$ In order to write off th? tIo$S e8timat8d rtrsidu81 valug gf 9a¢h 8$set ovtsr Its esllmsted useful lifv, Lané & 8uildiTrJ Not provlded ITru8t849 h8V8 Carried out a ful impairm8nl rgviaw in accordanc8 FRS 102 and find out that the g$limaled resldual value is not malgrially different from il'g carrying ¥aiu8 in the Bak9nce Sheeti 1S% on r8ducing balance basis Fixtures ané fitting$ Chan90 In A¢¢ountlng Poll¢les'. Tho flxgd asset$ are depffjciatad as blow Freehold Land and building Nil Fixlur?5 and fitting8- 1SVo w 0v¢ing bglance b8515 Taxatlon Tha charity 1$ 8xempl from lax on its charitabl8 activities. Funds Unfesirieied fiJnd$ can b8 US8d in a¢¢ordance with thè tharitabl8 objectives at the discroiion of Ihe trus1888. R8slricted funds ¢an onty be us•d for particular r8s1ri¢ied purposos Within Lhe objects of th8 charily. R881riclions arise when sp&¢ifiod by the donor or when funds are rdis•d for particular reslricled purposes. Furtnèr explanaln ol the naiure and purpose of each fun4 1$ included In Ihe notes lo the financial stalemenls. Trust••8 Romunorwtlon and Expen8•fj There are no trustees r8munefftlion paid during the y8ar other than the safary and allowances paid lo th8 vlcar for the pastoral services Page 6
St.Thomas' Indlan Orthodox Church London Notas to the Financial Statements . continuod for tho Year Endod 31 Mar¢h 2024 2. Incomo From Donation$ & Lega¢io$ Unrestrlct2d Funds 2024 2023 Donal5 Receiv8d 225.069 22S.069 204.983 3. INVESTMENTComE ank Int8resl 55 R8nlal Incchn8 720 375 rotsl 720 430 4. TANGIBLE FIXED As$eTS *nprov•rMnt Fund Land & Bulldlno Flxtur•• and Atting Totali COST Al l April 2023 6S3.834 54.973 708.807 Addilion¥ 5.020 3,124 8, 144 Dispo881 Ai 31 March 2023 5,020 653,834 58.097 716,951 DEPRECIATION At 1 Apdl 2023 Charye lorthe year Elimin8t8d on Oisposal 240,798 50.641 291.459 1,118 At 31 Mgrch 2024 240,798 51,759 292,557 NET 800K VALUE Al 31 M8rctt 2024 3,020 413,036 8,338 424,394 Ai 31 March 2023 413,036 4,332 417,368 Page 7
St.Thomas' Indian Orthodox Church London Notes to the FiRanGial Statorn8nts . contlnu• ftsr the Year Ended 31 March 2024 S. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Gift fax Ra¢èivab18 94.800 69.674 94,800 69,674 6. CASH AT 8ANK AND IN HAND General Fund R0Strl¢t•d Fund 2024 Z023 Cash in H8nd 5.124 5.124 alan¢e In Natwest Bank AJ¢ Nurnb8r 66075408 124.780 124,7fj0 47.459 8¥ance In Nglwest 8ank Ajc Nurnr 66107881 20,310 20.310 13.690 Total 150,193 150.193 61,149 7. ¢ReDITORS Credltors & AccnJal$ 1,084 792 Amount$ llling due thIn ono yesr Total 1,084 792 8. MOVEMeNT IN FUNDS N•t Mov•m•nt In Fund• Tran8f•r• bO••n Fund• 01.0423 At 31.03.24 Fund8 Uno$lricl8d Fundg $47.399 120,904 668,303 De$ign81ed Fund¥ 547,399 120.904 688,303 TOTAL FUNDS S4T,399 120,904 668.J03 In¢omlftg R•*oure•s Resour¢es Expend¢d Movèmènt In Funds Unrestrl¢t¢d fvnds Genarai fvnd 225,789 104.888 120,904 T¢)tal 225,789 104,886 120,904 Page 8
St. Thomas. Indian Orthodox Church London Dotalled Statom•nt f Financial Actlvltles r the Year Ended 31 March OZ4 2024 2023 I. INCOME ANO eNDOWMENTS Donatlon$ and bga¢l•$ Subscnpiions 43,935 31,902 Offertory Bithday Wedding Annivarsary I Wedding Womèn's F8llow5hip (Manna) 20.110 26,967 5.238 S.384 2,553 2.157 3,834 2,832 Youth F8lbw$hip IGalal 1.375 1,478 Youth Falhship(Balrnlnl0Tr> Harvest Donation 332 23,940 26,811 Christmas l New Y8ar Off8ring Sunday School & OVBS Fellowslm'p Meal 2.389 2.436 2.274 31,998 30.973 Seminary & Mi5510n Sunday Donation- Holyweek 50 135 15.218 Donation- Prgp8rty Oonali)n. Charity Donalk)n. Calholcate 2.319 2,109 2.920 470 295 Donation- Di0¢888 2W Payback from Oioc8se Parumala Perunal 1.730 742 30 Glft Aid - HMRC 42,000 52.585 Sunday Auctian Perunal I Sl. Thomas Day EmormeY Exp8n$ag Payback Bapdsm Infrasbwciure Oevebpment Kinder Garden- Sustsinable Eco proig Malankara Sangarn Total Dofiations & Legacies IA Invo8tm8nt 275 140 538 13,5 17,800 90 1,630 225,069 # 2Q4.983 Bank Inièr•s1 55 Rental In¢orne 720 375 Total Investmont kn¢omè IBI 720 430 Total Incomlng R¢•our¢•s 225,789 1 205,413 This p¥e does not fornl part of Ihe statutory Iinancial slalein&nls Page 9
St.Thomas' Indlan Orthodox Church London Det iled Statemat7t of Flnanclal Activit105 for the Year End4d 31 March 2024 2024 2023 11. ExpeNDITVRE Charitsb18 Actlvltlos Calholicale 1,500 4.000 Oioc8san Conthbulion 4,700 6.000 700 M'ssion Sunday & Seminary Sunday School S OV8S Oiocese Expense Youth Felh)w5hip Women Fellowship 9.066 5,055 850 61 1.098 3,997 1.143 Chrfsimas Expenses 2,060 2.014 Holy Week Expen$e$ 4,994 1.814 St. Thoma$ Day Expens95 Parumala Pèrunal 621 859 200 Ch8rily General Vlcar Allowanc8 3.108 19.706 14.500 Vic8r Pension 812 228 Natronal In$vranc& 1,519 1,589 Vicar T8QMI & Travgl 250 Viear Mea15 70 875 Vicar Accornodalion 3,127 4,521 Kaimulh 1,250 1,500 viting Pri8s1 aarbgcue Expenses Office Stationary Emergency Expen¥• Cultural Event 1.100 892 1.188 819 13,465 3,162 F?Ilowship Meal 21.370 30.805 Klnder Gardgn- Sustainable Eco project Church Provisions 474 2,28S 3,763 Propaty Utility.Ektttrithty and Gas Charges Property Utility.Waler Charg88 Propèty utility.Wastg Colbciion 7.216 3,647 753 426 1,322 1.167 Propgrty Vlility_Inmtri Propety Insurancè Property Mainl8nan¢8 582 486 1.332 1,290 3,689 7,909 Cary Forward Exp•ndllur• 97,439 fl 116,175 Page 10
St.Thomas' Indlan Orthodox Church London 0otail8d Statgrn8nt of Financial ActivitSO8 for tho Y•ar End6d 31 Maich 20 2024 2023 Brought Fon¥8rd Exp8ndltur• 97,439 116,175 R8P8irs and Maintenanc8 762 1,769 Estsblishm8nl Expen888 81 80 ChUh Cleaning 1.298 63$ Prop8ty cleaning 1,875 2,361 AccoUntcY 772 672 Bank Chargas 1,$10 1.286 Mortgage Interest DepreCiatsn Total R¢sour¢es •xpended N•t In¢4)m• 1,040 764 104,886 120,904 124.782 80,631 Pag811