ST.PETER AND ST.PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2024
ST.PETER AND ST.PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 5th April 2024
CONTENTS
| PAGE | |
|---|---|
| CONTENTS | 1 |
| CHARITY INFORMATION | 2 |
| TRUSTEES REPORT | 3 |
| INDEPENDENT EXAMINER’S REPORT | 4 |
| STATEMENT OF FINANCIAL ACTIVITIES | 5 |
| BALANCE SHEET | 6 |
| EXPENDITURE | 7-8 |
| NOTES | 9 |
St Peter & St Paul
Page 1
ST.PETER AND ST.PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
Charity Information
For the Year Ended 5th April 2024
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 2024
The trustees present their report and accounts for the period ended 05 April 2024
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:
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(a) Select suitable accounting policies and apply them consistently.
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(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, 03/02/2025
Dr. Nader Kamal Francis Trustee :
St Peter & St Paul
Page 3
ST. PETER AND ST. PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
Independent Examiner's Report to the Trustees of St. Peter and St. Paul Bournemouth Coptic Orthodox Church
I report to the trustees on my examination of the financial statements of St Peter & St Paul Coptic Orthodox Church, Bournemouth (the charity) for the year ended 05 April 2024.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner'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:
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Accounting records were not kept in accordance with section 130 of the 2011 Act or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of
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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 with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Accountant
Mahir Tawfig FMAAT Dated: 03/02/2025
St Peter & St Paul
Page 4
ST. PETER AND ST. PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
Statement of Financial Activities for the period Ended 05th April 2024
| Note. INCOMING RESOURCES Membership contribution Collection & Church Boxes 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 2023 Total Funds C/F at 5 April 2024 |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 96,944 0 96,944 72,169 18,900 0 18,900 8,181 51,046 0 51,046 35,464 362 0 362 160 22,901 0 22,901 23,151 |
|---|---|
| 190,153 0 190,153 139,124 |
|
| 90,789 0 90,789 72,450 90,789 0 90,789 72,450 |
|
| 99,364 0 99,364 66,674 |
|
| 837,483 0 837,483 770,810 936,847 0 936,847 837,483 |
St Peter & St Paul
Page 5
ST. PETER AND ST. PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
BALANCE SHEET AS AT 05TH April 2024
| Note | 2024 | 2023 | |
|---|---|---|---|
| Fixed Assets | 2 | £ | £ |
| Free Hold Property | 844282 | 844282 | |
| Building Extension | 243680 | 146395 | |
| CURRENT ASSETS | |||
| Cash at Banks and in Hand | 287,755 | 203974 | |
| Total Assets | 1,375,717 | 1194652 | |
| CURRENT LIABILITIES | |||
| Long Term Liabilities | |||
| Mortgage Loan | 195,190 | 210773 | |
| Total Current Liabilities | 195,190 | 210,773 | |
| NET ASSETS | 1,180,527 | 983,879 | |
| Financed By Unrestricted Funds | 1,180,527 | 983,879 |
03/02/2025 These financial statements were approved and authorized for issue on................... And signed on behalf of the Trustees by ...................... he
Trustee
St Peter & St Paul
Page 6
ST. PETER AND ST. PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
Year ended 05th April 2024
NOTED TO THE ACCOUNTS FOR THE PERIOD ENDED 05TH April 2024
1. Charitable Expenditure
| Management & Administration of Charity Priest Accommodation, Salaries & Expenses Clergy Living expense Travelling Expense Motor Exp House insurance Utilities 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 |
2024 £ 23,300 0 442 448 159 1,823 445 |
26,617 64,170 |
2023 £ 13,050 200 1,134 437 0 1,591 223 |
16,635 54,815 |
|---|---|---|---|---|
| 7,924 1,438 1,399 17,835 6,495 15,803 1,075 3,495 8,707 0 |
1,766 280 103 12,200 7,031 27,457 885 750 3,959 385 |
|||
| 90,789 | 71,450 |
St Peter & St Paul
Page 7
ST. PETER AND ST. PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
Year ended 05th April 2024
| 2. Tangible Assets Cost At 6 April 2023 Additions At 5 April 2024 Depreciation At 6 April 2023 Charge for the year At 5 April 2024 Net Book Value At 5 April 2024 At 5 April 2023 |
Free Hold Improvement Totals Property to Property £ £ £ 844,282 146,395 990,677 0 97285 97,285 |
|---|---|
| 844,282 243,680 1,087,962 |
|
| 0 0 0 0 0 0 |
|
| 0 0 0 |
|
| 844,282 243,680 1,087,962 |
|
| 844,282 243,680 1,087,962 |
St Peter & St Paul
Page 8
ST. PETER AND ST. PAUL COPTIC ORTHODOX CHURCH BOURNEMOUTH
Year ended 05th April 2024
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 9