ST.PETER AND ST.PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2022
ST.PETER AND ST.PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 5th April 2022
CONTENTS
| PAGE | |
|---|---|
| CONTENTS | 1 |
| CHARITY INFORMATION | 2 |
| TRUSTEES REPORT | 3 |
| STATEMENT OF FINANCIAL ACTIVITIES | 4 |
| BALANCE SHEET | 5 |
| EXPENDITURE | 6-7 |
| NOTES | 8 |
St Peter & St Paul
Page 1
ST.PETER AND ST.PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
Charity Information
For the Year Ended 5th April 2022
TRUSTEES (l} His Grace Bishop Anthony 40 Kingston Drive Whitley Bay NE26 1JJ {2} Dr. Atef Fouad George 3 Winter Bourue Close Poole BH15 2E1 (3} Dr. Nader Kamal Francis 4 Aldon House Dorchester Road Yeovil Somerset BA20 2RH
SECRETARY Dr. Nader Kamal Francis TREASURER Dr. Atef Fouad George CHARITY NUMBER 1119114 BANKERS Barclays Bank
St Peter & St Paul
Page 2
ST.PETER AND ST.PAUL COP1IC ORTHODOX CHURCH BOURNEMOUTH
TRUSTEES REPORT FOR THE PERIOD ENDED 05th April 2022
The trustees present their report and accounts for the period ended 05 April 2022
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
Trust Deed constitutes the Charitable Trust, and its objects are to provide worship for believers of the Coptic Orthodox Faith.
The policy of the Charitable Trust continues 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 trust would not be able to provide such a wide service to our beneficiaries without the continued support of a large number of willing members
Financial Review
The financial position of the charity is considered most satisfactory this year
Future Developments
1-Further development and renewal of the worship place,
2- Church congregation has been increased and require more space to the local people.
3- Planning permission has been granted to create more spaces in the church hall and for Sunday school classes which it will be done in 3 phases.
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 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) Make judgments and estimates that are reasonable and prudent.
(c) 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
The trustees approved this report on ………………… and signed on their behalf, 02/02/2023
Dr. Nader Kamal Francis Trustee
St Peter & St Paul
Page 3
ST.PETER AND ST.PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
Statement of Financial Activities for the period Ended 05th April 2022
| Note. INCOMING RESOURCES Membership contribution Collection & Church Boxes HMRC JRS Grant One off Donation Investment Income Gift Aids Recovered 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 2021 Total Funds C/F at 5 April 2022 |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2022 2022 2022 2021 £ £ £ £ 85,826 0 85,826 80,431 4,750 0 4,750 4,565 547 0 547 5,248 15,248 0 15,248 46,950 10 0 10 85 26,015 0 26,015 16,370 |
|---|---|
| 132,394 0 132,394 153,649 |
|
| 37,003 0 37,003 46,014 37,003 0 37,003 46,014 |
|
| 95,392 0 95,392 107,635 |
|
| 675,418 0 675,418 567,784 770,810 0 770,810675,418 |
St Peter & St Paul
Page 4
ST. PETER AND ST. PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
BALANCE SHEET AS AT 05TH April 2022
| Note Fixed Assets 2 Free Hold Property Building Extension CURRENT ASSETS Cash at Banks and in Hand Total Assets CURRENT LIABILITIES Long Term Liabilities Mortgage Loan Total Current Liabilities NET ASSETS Financed By Unrestricted Funds |
2022 £ 803258 41024 193,372 1,037,654 225,820 225,820 811,834 811,834 |
2021 £ 645000 158258 270810 |
|---|---|---|
| 1074069 | ||
| 240392 | ||
| 240,392 | ||
| 833,677 | ||
| 833,677 |
These financial statements were approved and authorized for issue on................... And signed on behalf of the 02/04/2023 Trustees by
......................
Trustee
St Peter & St Paul
Page 5
ST. PETER AND ST. PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
Year ended 05th April 2022
NOTED TO THE ACCOUNTS FOR THE PERIOD ENDED 05TH April 2022
1. Charitable Expenditure
| Management & Administration of Charity Priest Accommodation, Salaries & Expenses Clergy Living expense Travelling Expense Motor Exp House insurance Council Tax NI No Employer & Employee Church Expenses Electricity & Gas Water Rates Premises Insurance Charitable Activates Loan interest paid Repairs & Renewal Telephone Other Expenses Legal & Professional Administration Expenses Bank Charge Total Resources Used |
2022 £ 7,700 948 274 0 836 17 |
9,774 27,228 0 |
2021 £ 12,987 413 569 327 1,233 17 |
15,547 30,455 13 |
|---|---|---|---|---|
| 1,046 84 1,061 15,200 7,505 0 688 804 841 |
1,569 785 1,036 18,000 7,864 0 375 455 270 |
|||
| 0 | 13 | |||
| 37,003 | 46,014 |
St Peter & St Paul
Page 6
ST. PETER AND ST. PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
Year ended 05th April 2022
| 2. Tangible Assets Cost At 6 April 2021 Additions At 5 April 2022 Depreciation At 6 April 2021 Charge for the year At 5 April 2022 Net Book Value At 5 April 2022 At 5 April 2021 |
Free Hold Improvement Totals Property to Property £ £ £ 803,258 41,024 844,282 0 0 0 |
|---|---|
| 803,258 41,024 844,282 |
|
| 0 0 0 0 0 0 |
|
| 0 0 0 |
|
| 803,258 41,024 844,282 |
|
| 803,258 41,024 844,282 |
St Peter & St Paul
Page 7
ST. PETER AND ST. PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
Year ended 05th April 2022
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 bought a church and a new house for the priest.
Income
Voluntary income and donation are accounted for as received by the charity and from Gift aid tax recovered.
Management and Administration Expenditure
Expenditure on management and administration of the charity includes all expenditure. not directly related to the charitable activity.
Members of the church council who served during this period are stated below.
{1} His Grace Bishop Anthony Chairman. {2} Dr. Nader Kamal Francis Secretary {3} Dr. Atef Fouad George Treasurer
Accountant
M.Tawfig FMAAT
St Peter & St Paul
Page 8