**REGISTERED CHARITY NUMBER: 1123807** **Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2022 for St. Peter’s Mar Thoma Church** ## **St. Peter’s Mar Thoma Church Contents of the Financial Statements for the Year Ended 31 March 2022** |Report of the Trustees|1 to 2| |---|---| |Independent Examiner’s Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Financial Statements|6 to 11| |Detailed Statement of Financial Activities|12 to 13| ## **St. Peter’s Mar Thoma Church** ## **Report of the Trustees For the year ended 31[st] March 2022** ## **Church Activities:** **Worship Services:** The Holy Communion and Divine worship are conducted both in Malayalam and English languages. Our Holy Communion Worship is held on every Second and Fourth Sundays of the month and Divine worship is conducted on First, Third and Fifth Sundays (as in case of 5th Sundays in a month). Begining of this year we also conducted online worship via WebEx due to Covid -19 pandemic. **Parish Day** : Under the leadership of Edavaka Mission and the church committee we conducted our annual convention virtually, on 22nd to 25th of October 2021 with the final day of the convention being celebrated as Family Sunday. Our convention was led by prominent convention speakers of the Mar Thoma church, Rev. Dr. K Thomas and Rev. K.K. Kuruvill. We are very thankful to all the priests for their support in our spiritual growth. **Student dedication & Thanksgiving Service:** On 12[th] September 2021, during the service we conducted our student dedication service for all our children in Sunday School and Youth League, dedicating all our students in school and universities for their new academic year. **Christmas Carol Service:** The Christmas Carol service of the parish was conducted at The Ascension Church on Sunday the 19[th] of December from 3.00 pm to 6.00 pm. All members and the organization of the Parish sincerely participated in this Christmas program with our church choir leading the Service with some very melodious Christmas carols. Different organizations performed many skits, and songs were sung. Rev. Alexandria, the Vicar of Ascension Church delivered the Christmas message as the cheif guest. **New Year Service:** On 1[st] January 2022 New Year service was conducted at 6.00 am with Holy communion celebrated by our vicar Rev. Jobi Koruthu. **Harvest Festival:** We have celebrated our Harvest Festival on 11th September and generated generous contributions from our members. **Sunday School:** Sunday school classes are being held every week after the worship under the guidance of a dedicated team of teachers. Our Sunday School, during a very difficult time was able to strongly stand up to all the challenges which Covid-19 threw towards us, our Sunday School has been very successful in conducting all our common session and regular classes through online platform. **Youth League** : Our Youth League conducted regular monthly youth meetings for all youths, with regular bible study and discussions, with 2 major youth programs being conducted in collaboration with all Saints Mar Thoma youth in 2021. Many of our youth participated in the 3- day online retreat conducted by the zonal youth. **VBS (Vacation Bible School):** The Zonal Sunday School Team organized an online Vacation Bible School as church across the zone had to abandon any existing plans to hold VBS at a local level. The theme of the VBS for the year was Let's rebuild the walls and was held from 29/07/2021 to 31/07/2021. Rev. Noble Abraham led by the sessions. The theme was based on Nehemiah 2:17. **Choir:** Choir takes active part in Sunday services. The choir practice is held before the worship service. The choir always update themselves by learning new hymns and tunes published by the DSMC of Mar Thoma church. **Sevika Sangham:** Sevika Sangham is an integral part of Mar Thoma Church and plays a vital role in church activity. They organise regular Bible study, Chain Prayer, Fasting Prayer, Family Retreat, House Visit, Charity Fundraising Activities and participate in centre meetings organised by sister parishes from time to time. Sevika Sangham organises a fasting prayer whichis held on fourth saturday of every month via online platform due to pandemic. Chain prayers were held on every month prior to monthly fasting prayer of Friday. Sevika Sangham members participated in the monthly zonal chain prayer. **Prayer Meeting:** We have six active prayer groups. Due to the pandemic situation, all our prayer groups held their prayer meetings virtually for the spiritual growth of their members. **Lent season Prayers:** We conducted Lent prayers and Great Lent service via WebEx and the Great Lent services at Church. **Matrimony and Baptism:** No matrimony and baptisms are reported in this period. Page 1 ## **St. Peter’s Mar Thoma Church** ## **Report of the Trustees** **For the year ended 31[st] March 2022** ## **Reference and Administrative Details** Principal address 154 Clock house Lane Collier Row Romford Essex RM5 2TJ ## **Trustees** |Rev.|Jobi Koruthu|**:**|Vicar and President|| |---|---|---|---|---| |Mrs.|Omana Koshy|**:**|Vice President|| |Mr.|Kurian John|**:**|Secretary|| |Mr.|Alex Lukose|**:**|Trustee Finance|| |Mr.|Thomas Alexnder|**:**|Trustee Accounts|| |Mr.|Jobbi Varghese|**:**|Lay Leader|| |Mr.|Shiju Thomas|**:**|Lay Leader|| |Mr.|Alex Lukose|**:**|Sabha Mandalam Representative|| |Mr.|Sam P George|**:**|Diocesan Assembly Representative|| |Mr.|Kurian John|**:**|Diocesan Assembly Representative|| |Mrs.|Susan K Joy|**:**|Choir Representative|| |Mrs.|Alice Lukose|**:**|Sunday School Representative|| |Mrs.|Sajini Johny|**:**|Sevika Sangham Representative|| |Ms.|Caroline Benoy|**:**|Youth League Representative|| |Mr.|Jimmy Jacob Thekkekara|**:**|Edavaka Mission|| |Mr.|Mathew Chacko Alumkal|**:**|Area Representative (Chelmsford)|| |Mrs.|Omana Koshy|**:**|Area Representative (Llford)|| |Mr.|Siby George|**:**|Area Representative (North London)|| |Mr.|Santhosh George|**:**|Area Representative (Romford)|| |Mr.|Shinto Skariah|**:**|Area Representative (Harlow)|| |**Independent Examiner**||||| ||||Thomas David Accountancy & Taxation|| ||||550 Filton Avenue|| ||||Bristol|| ||||BS7 0QG|| |Approved by order of the board of trustees onby:
10/07/2022||||and signed on its behalf by:| |||||| |Mr. Kurian John||||| |(Secretary)||||| Page 2 I Y*PDry on ihp b¢C4)iiilt4 Wol tho 11 MArcli 2022 ¥1 Ixtt p8y88 I<￿￿r tD ol￿V(*0. Ro&p•ctiw rg$pon•lbllltl•s uf ¢fllBt••# •x4iillnor The charlly's 11i1slfje% nly ro$poiiylble f¥1 1110 PfowrThlloii ol tlia 8ccounlg. The ch8rfty'S tlugt•8# eon$rflei thai 8n èud1t Is noi r8quired for th15 y@8r lund8r Seeiion 1441?) of tho CligrNlès A¢1 2011 (lh￿ 2011 Aclll 8nd that indopendgnt eumlnalioffl im r•?ulred. It 1$ my m5ponslblNlyto'. mln8 aecounis uThYer Secbw 145 01 Ihe 2011 Att lo follow Ihg procedurès i$ld down ID Ihp Ggner¥l Dlrections yiyen by the cb¥riiy CorDmissign (under se￿￿On 145(SXbl ol the 2ts11 Act}, io st81e whether psrtlcvlar maile¢5 hBve come lo my aii¥ntiOn. 84915 of tho Indop•Trdenlexamlner's TeP4)rt My oxsmination Wa5 tsrippd Dul in afjcordanc8 with th& Gèngral Dkections glyen by Iho Chadty CommlssioD. An &x3mSn3tlon indudgs a vrew of the accounlitvJ rgcord5 k¢Pt by the th8TIty and a tomparison ol the accounts pfesented wiltt those racords. 11 also includes conslderallon of any unusual items or disclty8Vr￿ n lh£ 8ccounl$. and Seeking explanations Irom you as Irus￿&S cuncerning any 6uch rnatiets. The proc8thJr95 undertaken do nc+l provide all Iha avld&ncg Ihat would required in an audil. and conseqvenlly no opinion 1$ given as lo whether ihe ￿cOUnts pre$8nl 8.itye aNJ f8lr Wiew. and the report 1$ Ilmiled 1¢ those ffl8tieis set wt in the statèment8 below. Indep•nd•nt •x•miner's statement In connecuon with My8xamin¥i￿n. no malltr has uma 10 my a11gnlioTr." give$ me re8$anabb Cau9• to believe that. ID any maierial respect. the requiiemen ta keèp accouniing rètord5 in accordance with Seciion 130 01 the 201 l Acl., and lo prepare aCCOunis which accord with Ihe accounting records and io Cofnplywith accounting wuiremen15 of the 2011knt hav* not bee￿ mel.. or hi¢h, irs rnytwinion. altantion should be drawn In order lo enablo a ptoper understanding of the a¢¢ounls to be read)ed. Mr Thomas Dayid FCCA Thomas D8vid Atthunt8ncy & Taxation 550 Fillon Avenue Bristol BS7 OQG Dale Page 3 ## **St. Peter’s Mar Thoma Church** ## **Statement of Financial Activities** ## **for the Year Ended 31 March 2022** |Notes
2
**Total**
Other
**Total**
Transfer between funds
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other activities
Other income
**NET INCOME**
**EXPENDITURE ON**
**Charitable activities**
Church Running Costs
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
59,415
18,346
17,853
**95,614**
64,490
2,539
**67,029**
**28,585**
243,311
**271,896**|Restricted
fund
£
-
-
-
**-**
**-**
**-**
-
**-**|2022
Total funds
£
59,415
18,346
17,853
**95,614**
64,490
2,539
**67,029**
**28,585**
243,311
**271,896**|2021
Total funds
£
50,730
9,400
16,039| |---|---|---|---|---| |||||**76,169**
57,109
3,148| |||||**60,257**| |||||**15,912**
227,399| |||||**243,311**| ## **CONTINUING OPERATIONS** All income and expenditure have arisen from continuing activities. The notes part of these financial statements Page 4 ## **St. Peter’s Mar Thoma Church** ## **Balance Sheet** ## **At 31 March 2022** |**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
**FIXED ASSETS**
Tangible assets
The financial statements were approved by the Board of
**CURRENT ASSETS**
Debtors
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
**NET CURRENT ASSETS**
Mr. Thomas Alexander
(Trustee-Accountant)
**NET ASSETS**
**TOTAL FUNDS**
**FUNDS**
Unrestricted funds
Restricted funds|Unrestricted
fund
Notes
£
6
289,680
7
13,321
8
67,152
**80,473**
(20,913)
59,560
349,240
(77,343)
**271,896**
…
Trustees on
Mr Alex Lukose
(Trustee- Finance)
10/07/2022|2022
2021
Restricted
fund
Total funds
Total funds
£
£
£
-
289,680
-
13,321
12,961
-
67,152
41,662
**-**
**80,473**
**54,623**
-
(20,913)
(14,992)
-
59,560
39,631
-
349,240
331,301
-
(77,343)
(87,990)
**-**
**271,896**
**243,311**
271,896
243,311
-
-
**271,896**
**243,311**
and were signed on its behalf by:

Rev.Jobi Koruthu
(Vicar and President)
291,670|2021
Total funds
£
12,961
41,662
291,670| |---|---|---|---| ||||**54,623**| ||||(14,992)| ||||39,631| ||||331,301
(87,990)| ||||**243,311**| ||||243,311
-| ||||**243,311**| Page 5 ## **St. Peter’s Mar Thoma Church** **Notes to the Financial Statements for the Year Ended 31 March 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'EFA, the and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. - Freehold property not provided - Fixtures and fittings 25% on reducing balance basis Motor vehicles - 25% on reducing balance basis - Computer equipment 33.33% on reducing balance basis The trustees have carried out a full impairment review in accordance with FRS 102, as a result of which no depreciation charge is made in respect of Freehold Property on the ground that the estimated residual value is not materially different from its carrying value in the Balance Sheet. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 6 ## **St. Peter's Mar Thoma Church** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** ## **2. OTHER TRADING ACTIVITIES** |**OTHER TRADING ACTIVITIES**||| |---|---|---| ||2022|2021| ||£|£| |Fundraising - Harvest Festival|18,346|9,400| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021 other than the ministerial stipend and other related living expenses paid to the vicar for his pastoral duties. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **4. INVESTMENT POLICY** The trustees have the power to transfer money from the current account to a deposit account to maximise the income received from interest. ## **5. RISK MANAGEMENT** The trustees have assessed the major risks to which the charity is exposed, in particular those related to it's operations, personnel and finances, and are satisfied that the systems are in place to mitigate our exposure to major risks. The trustees to ensure that they still meet the needs of the charity periodically review these procedures. Page 7 ## **St. Peter's Mar Thoma Church** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** |**6.**
Freehold
property
£
282,282
-
-
**282,282**
-
-
-
**-**
**282,282**
**282,282**
**7.**
**COST**
At 1 April 2021
Additions
Disposal
At 31 March 2022
**DEPRECIATION**
At 1 April 2021
Charge for year
**TANGIBLE FIXED ASSETS**
Eliminated on Disposal
At 31 March 2022
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Gift Aid Tax Receivable
Debtors/Prepayments|Fixtures and
fittings
£
8,134
-
-
**8,134**
6,565
392
-
**6,957**
**1,177**
**1,569**|Motor
Vehicles
£
12,234
-
-
**12,234**
4,523
1,928
-
**6,451**
**5,783**
**7,711**|Computer
equipment
£
1,589
549
-
**2,138**
1,481
219
-
**1,700**
**438**
**108**
2022
£
12,991
330
**13,321**|Totals
£
304,239
549
-| |---|---|---|---|---| |||||**304,788**| |||||12,569
2,539
-| |||||**15,108**| |||||**289,680**| |||||**291,670**| |||||2021
£
8,779
4,182| |||||**12,961**| Page 8 ## **St. Peter's Mar Thoma Church** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** ## **8. CASH AT BANK AND IN HAND** |**CASH AT BANK AND IN HAND**||||| |---|---|---|---|---| |**Total**
Cash in hand
Lloyds Account
Barclays Account
CCLA-Building Capital Fund|General fund
Restricted
£
-
67,009
93
51
**67,152**|Restricted
Fund
£
-
-
-
**-**|2022
Total Funds
£
-
67,009
93
51
-
**67,152**|2021
Total funds
41,520
91
51
£| |||||**41,662**| ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Bank loans and overdrafts (see note 13)
Social security and other taxes
Creditors & Accruals
Provisions for Vicar's transfer Cost
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 11)
Pensions|2022
£
10,246
336
880
2,540
6,912
**20,913**
2022
£
77,343|2021
£
9,844
-
-
540
4,608| |---|---|---| |||**14,992**| |||2021
£
87,990| ## **10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR** Page 9 ## **St. Peter's Mar Thoma Church** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** ## **11. LOANS** An analysis of the maturity of loans is given below: |Amounts falling due within one year on demand:
Repayable by instalments:
Bank loans
Amounts falling due in more than five years:
Bank Loan|2022
£
10,246
77,343|2021
£
9,844| |---|---|---| |||87,990| ## **12. SECURED DEBTS** The following secured debts are included within creditors: |Bank loans|2022
£
87,589|20201
£
97,834| |---|---|---| The Bank loan is fully secured by first legal charge over the freehold property at 154 Clock House Lane, Romford, Essex, RM5 2TJ. ## **13. MOVEMENT IN FUNDS** |**Unrestricted Funds**
General fund
Edavaka Mission
Youth League
Sevika Sangam
Sunday School Fund
Church Development Fund
Choir
**Restricted Funds**
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:|At 01.04.21
£
236,093
573
461
2,695
46
2,998
445
**243,311**
**243,311**|Net
Movement In
Funds
£
29,103
(50)
-
9
(145)
-
(332)
**28,585**
**28,585**|Transfers
between
Funds
£
(399)
-
-
-
99
-
300
**-**
**-**|At 31.03.22
£
264,797
523
461
2,704
-
2,998
413| |---|---|---|---|---| |||||**271,896**| |||||**271,896**| |||||| Page 10 ## **St. Peter's Mar Thoma Church** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** |**Unrestricted funds**
**TOTAL FUNDS**
**14.**
Choir
General fund
Sevika Sangam
Sunday School Fund
Edavaka Mission
Youth League
Church Development Fund
**RELATED PARTY DISCLOSURES**|Incoming
Resources
£
93,990
1,195
429
-
-
-
-
**95,614**
**95,614**|Resources
Expended
£
(64,887)
(1,186)
(574)
(50)
-
(332)
-
**(67,029)**
**(67,029)**|Movement
in Funds
£
29,103
9
(145)
(50)
-
(332)
-| |---|---|---|---| ||||**28,585**| ||||**28,585**| ||||| There were no related party transactions for the year ended 31 March 2022 Page 11 ## **St. Peter's Mar Thoma Church** ## **Detailed Statement of Financial Activities** ## **for the Year Ended 31 March 2022** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
**Other trading activities**
**Other income**
Wedding/Birthday Donations
Recessa/Uposhanam/Diocesan Sun
General Donations
Christmas Carol
Charity Donations/Spl Offer
VBS Donations
Special Events
Sevika Sangam
Sunday School Income
Stewardship
General Offertory
**Total incoming resources**
Church Development Fund
Gift Aid Tax Refund
Choir
Youth League
Edavaka Mission
Fundraising -Harvest Festival
Contributions from churches|2022
£
25,262
4,075
4,324
3,975
1,367
620
4,242
-
-
1,195
429
-
13,927
-
-
-
**59,415**
18,346
17,853
**95,614**|2021
£
22,852
3,302
2,430
3,578
2,100
1,060
2,892
100
450
1,775
220
-
9,901
-
70
-| |---|---|---| |||**50,730**
9,400
16,039| |||**76,169**| Page 12 ## **St. Peter's Mar Thoma Church** |**EXPENDITURE**
**Charitable Activities**
Immigration & Work Permit
Vacation Bible School
Sundry Expenses
Bureau Costs
Sevika Sangam
IT Software, Printing, Postage & Stationery
Church/Hall Rent
Repairs & Maintenance
Vicar's Transfer Funds
Sunday School
Harvest Festival
Choir
Recessa,Diocesan & Mandalam
Altar Expenses
Provident Fund
Travel & Subsistence
Vicarage Expenses
Visiting Clergy, Bishops & Evang
Motor Expenses
Charitable Donations
**Net income**
Ministerial Stipend
Legal Expenses
Special Events
**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2022**
Youth League
Edavaka Mission
Accountancy
Donations
Membership Fees (COMPE)
Insurance
Bank Loan Interest & Charges
**Other**
Depreciation
Loss on sale of Motor Car
**Total resources expended**|2022
£
25,483
-
1,900
5,383
1,002
2,378
1,220
3,345
127
617
536
6,426
574
337
332
-
132
-
-
171
-
1,186
-
50
1,562
1,181
-
5,435
682
4,431
**64,490**
2,539
-
**2,539**
67,029
**28,585**|2021
£
24,265
-
469
5,141
361
1,869
1,500
2,330
550
222
-
6,425
420
-
291
-
104
375
-
119
572
1,390
-
-
540
-
4,675
658
4,833
**57,109**
3,148
-
**3,148**
60,257
**15,912**| |---|---|---| This Page does not from part of the Statutory Financial Statements Page 13