REGISTERED CHARITY NUMBER: 1123005
Report of the Trustees and Financial Statements For The Year Ended 5th April 2022 for ST. MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, WEST & NORTH YORKSHIRE
ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE (2022) Annual report)
Page 1
ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE Contents of the Financial Statements for the Year Ended 5th April 2022
C O N T E N T S
| PAGE | |
|---|---|
| CHARITY INFORMATION | 3-4 |
| TRUSTEES' REPORT | 5-7 |
| STATEMENT OF FINANCIAL | |
| ACTIVITIES | 8 |
| BALANCE | |
| SHEET | 9 |
| EXPENDITURE | 10 |
| NOTES | 11 |
ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE (2022) Annual report)
Page 2
ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE Charity Information
The trustees who are also directors of the charity for the purposes of the Companies Act 1985, present their report with the financial statements of the charity for the year ended 5th April 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number : 1123005
TRUSTEES
His Grace Bishop Anthony 40 Kingston Drive Whitley Bay NE26 1JJ Mrs. Neveen Lewis 30 Lark Hill Crescent Ripon N Yorkshire HG4 2HN
Dr George Abouda 15 Sykes close Swanland, North Ferriby HU14 3GD Mr. Magdy Attia West Winds, Ling Lane Scarcroft Leeds LS14 3HT Dr. Tamer Riad 40 Wentworth Avenue, Leeds LS17 7TN Mr.Sameh Sidhom 12 Castle Hill Drive
ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE (2022) Annual report)
Page 3
Harrogate HG2 9JJ TREASURER Mrs. Neveen Lewis CHARITY NUMBER 1123005 BANKERS HSBC 27 Market Place Malton North Yorkshire YO17 7LU
ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE (2022) Annual report)
Page 4
ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE Trustees’ Report
TRUSTEES' REPORT FOR THE PERIOD ENDED 5th APRIL 2022 NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 05th April 2022
The trustees present their report and accounts for the period ended 5th April 2022
TRUSTEES
The trustees named on page 1 have served throughout the period. Appointment of trustees is governed by the Church Constitution (Appendix 1) of the Charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
INVESTMENT POWERS
The Church Constitution (Appendix 1) authorises the trustees to make and hold investments using the general funds of the charity.
CONSTITUTION, OBJECTS AND POLICIES
The Charitable Trust is constituted by Church Constitution, and its objects are to provide worship for believers of the Coptic Orthodox Faith.
Objectives:
The objects of the Church shall be advancing the religion of the Coptic Orthodox Church in West & North Yorkshire. In furtherance of the foregoing objectives, the Church shall have the following powers:
- 1 To provide and maintain places of public worship and the due performance of the Rites of prayers, liturgy, Baptism, Marriage & Burial according to the principles of the Coptic Orthodox Church.
ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE (2022) Annual report)
Page 5
-
2 To provide and maintain residences for priests
-
3 a. Power to collect donations and subscriptions (whether periodical or otherwise)
-
b. Power to issue appeals for donations and subscriptions in connections with the objectives of the Church.
-
c. Power to accept donations and endowments on any special trust in Connection with the objectives of the Church.
d. Power to do all such other things as shall further the attainment of the said objects or aims of the church.
The policy of the Charitable Trust to be the provision of additional finance in order that its objects stated above might be further achieved.
Objectives for the year:
Our plans for the next financial year primarily include the continuing function of the church and its associated activities.
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.
The Charity continues to provide the main objectives of providing and maintaining a place of worship, residence for the priest and the collection of memberships and donations as well as the running cost of maintaining the Church.
This year the Church has perused a significant project, with regards to providing a meeting hall. The project resulted in a significant increase in the repairs cost of this financial year, resulting in a deficit in the funds brought forward. The deficit is being funded by utilisation of reserves accumulated from previous years’ balance. This project will conclude next year, and it is expected that this deficit will be recovered over the next few years.
ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE (2022) Annual report)
Page 6
This year has been most unusual with the Covid lockdown taking our building out of action for the first three months of the year. However, worship services and meetings continued in an on-line format and, subsequently, services in church continued on a less frequent basis and with severely restricted numbers.
The Sunday School moved its operations to an online format but, despite this, continues to flourish with new members who have joined the online classes during the year.
The weekly online prayer group for Primary and Secondary ages continued as normal
The Ladies Group and Men’s Group still meet regularly online to pray and study the Bible together.
The Youth Bible Study group and an Apologetics Group continued to meet virtually
Work on the proposed annexe to provide a meeting room commenced in May 2021 and continued through to the end of the financial year. These works formed the basis of all new development work within the church and, apart from essential maintenance and repair, no new works to the church were undertaken.
We continued active fundraising to enable construction of the Hall to progress uninterrupted. The Trustees were satisfied with the progress of work by the end of the financial year.
We continue to maintain the church grounds and graveyard through the assistance of a gardener who attend to the grounds regularly.
We continued to follow strict COVID-19 safety measures inside the church and closely observed the national guidance, we adopted careful ease of restrictions and encouraged regular COVID infection check when required.
We noticed an increase in the number of cars used by the congregation and that the car park started to get busy on certain days such as Sundays. We felt that volunteers are needed to organise the car park and ensure clear access to the neighbour's house.
FINANCIAL REVIEW
The financial position of the charity is considered most satisfactory for its first period of account. (Refer to Achievements and Accounts).
ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE (2022) Annual report)
Page 7
FUTURE DEVELOPMENTS
The imminent start on construction of the annexe is expected to consume the bulk of our finances during the next financial year.
APPROVAL
This report was approved by the trustees on 25 January 2023 and signed on their behalf.
TRUSTEES
- Dr. Tamer Riad
ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE (2022) Annual report)
Page 8
ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE Statement of Financial Activities for the Year Ended 5th April 2022
| Income and Expenditure Donation and gifts Other Income Total Incoming Resources Other Expenses Management and administration of the charity Total Resources Used Net Movement in Funds for the Period Balance brought forward Total Funds Carried Forward at 05 April 2022 |
5 April 22 5 April 21 |
|---|---|
| 111,129 92,328 13,082 - |
|
| 124,211 92,329 |
|
| 166,570 58,246 |
|
| 166,570 58,246 |
|
| (42,359) 34,083 138,355 104,272 |
|
| 96,996 138,355 |
ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE (2022) Annual report)
Page 9
The notes form part of these financial statements ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE Balance Sheet At 5th April 2022
| Current Assets Cash at Bank and in hand Tangible Fixed Assets Vehicles Accumulated Depreciation Net Assets Financed by Unrestricted funds |
5 April 22 5 April 21 |
|---|---|
| 95,612 137,843 6,300 6,300 -5,916 -5,788 |
|
| 95,996 138,355 |
|
| 95,966 138,355 |
ST MARY & ST ABANOUB ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE (2022) Annual report)
Page 10
COPTIC ORTHODOX CHURCH, YORKSHIRE Notes to the Financial Statements for the Year Ended 5th 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.
Tangible Fixed Assets
Motor vehicles are depreciated using a rate of 25% based on the declining balance method.
Income
Voluntary income and donation are accounted for as received by the charity.
Management and Administration Expenditure
Expenditure on management and administration of the charity includes all expenditure not directly related to the charitable activity
This final statement prepared according to the information that has been given.
The Rent shown is paid for the rental of a fundraising event venue and other hospitality costs.
The members of the church council:
{1} Rev.Fr. Abanoub St.Paul {2} Dr George Abouda {3} Mrs.Neveen Lewis {4} Mr Sameh Sidhom {5} Dr Tamer Riad {6} Mr.Magdy Attia
ST MARY & ST ABANOUB COPTIC ORTHODOX CHURCH, YORKSHIRE (2022) Annual report)
Page 11