# **ST.PETER AND ST.PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH** **TRUSTEES’ REPORT AND FINANCIAL STATEMENTS** **YEAR ENDED 5 APRIL 2023** ## **ST.PETER AND ST.PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH** NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 5th April 2023 ## **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 2023 **TRUSTEES** (l} His Grace Bishop Anthony 40 Kingston Drive Whitley Bay NE26 1JJ {2} Dr. Atef Fouad George 36A Sandbanks Rd Poole Dorset BH14 8BU (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 2023** The trustees present their report and accounts for the period ended 05 April 2023 ## **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** ## 04/12/2023 The trustees approved this report on ………………… and signed on their behalf, 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 2023** |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 2022
**Total Funds C/F at 5 April**
**2023**|Unrestricted
Restricted Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
£
£
£
£
72,169
0
72,169
85,826
8,181
0
8,181
4,750
0
0
0
547
35,464
0
35,464
15,248
160
0
160
10
23,151
0
23,151
26,015| |---|---| ||**139,124**
**0 139,124 132,394**| ||72,450
0
72,450
37,003
**72,450**
0
**72,450**
37,003| ||**66,674**
0
**66,674**
**95,392**| ||770,810
0 770,810 675,418
**837,483**
0**837,483**770,810| Type text here St Peter & St Paul Page 4 ## **ST. PETER AND ST. PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH** ## **BALANCE SHEET AS AT 05TH April 2023** |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|2023
£
844282
146395
203,974
1,194,652
210,773
210,773
983,879
983,879|2022
£
803258
41024
193372| |---|---|---| |||1037654| |||225820| |||225,820| |||| |||811,834| |||| |||811,834| 04/12/2023 These financial statements were approved and authorized for issue on................... And signed on behalf of the Trustees by Nader Francis ...................... Trustee St Peter & St Paul Page 5 ## **ST. PETER AND ST. PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH** ## **Year ended 05th April 2023** NOTED TO THE ACCOUNTS FOR THE PERIOD ENDED 05TH April 2023 ## **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
Sunday school activities
Other Expenses
Legal & Professional
**Total Resources Used**|2023
£
13,050
200
1,134
437
1,591
223|16,635
55,815|2022
£
7,700
948
274
0
836
17|9,774
27,228| |---|---|---|---|---| ||1,766
280
1,103
12,200
7,031
27,457
885
750
3,959
385||1,046
84
1,061
15,200
7,505
0
688
0
804
841|| |||||| |||72,450||37,002| St Peter & St Paul Page 6 ## **ST. PETER AND ST. PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH** ## **Year ended 05th April 2023** |**2. Tangible Assets**
**Cost**
At 6 April 2022
Additions
**At 5 April 2023**
**Depreciation**
At 6 April 2022
Charge for the year
**At 5 April 2023**
**Net Book Value**
**At 5 April 2023**
**At 5 April 2022**|**Free Hold**
**Improvement**
**Totals**
**Property**
**to Property**
**£**
**£**
**£**
844,282
146,395
990,677
0
0
0| |---|---| ||844,282
146,395
990,677| ||0
0
0
0
0
0| ||0
0
0| ||844,282
146,395
990,677| ||844,282
146,395
990,677| **ST. PETER AND ST. PAUL** St Peter & St Paul Page 7 ## **COPTIC ORTHODOX CHURCH BOURNEMOUTH** ## **Year ended 05th April 2023** ## **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