**REGISTERED CHARITY NUMBER: 1123807**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for St. Peter’s Mar Thoma Church, London**
Thomas David Accountancy & Taxation 557 Filton Avenue Bristol BS7 0QH
**St. Peter’s Mar Thoma Church, London Contents of the Financial Statements for the Year Ended 31 March 2024**
**----- Start of picture text -----**
Page
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 9
Detailed Statement of Financial Activities 10 to 11
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## **St. Peter's Mar Thoma Church Report of the Trustees for the Year Ended 31 March 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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).
## **Church Activities:**
**Worship Services:** Holy Communion services are conducted in both Malayalam and English languages. Services are held on all Sundays of the month. The Holy Communion in English is conducted on the second Sunday of the month.
**Parish Convention:** Under the leadership of Edavaka Mission and the church committee we conducted our annual convention on 9th, 10th and 11th February 2024. Our convention was led by prominent convention speaker of the Mar Thoma Church, Rev. Abu Cherian. We are very thankful to Rev. Abu Cherian Achen for his support in our spiritual growth.
**Student dedication & Thanksgiving Service:** On 10th September 2023, 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 St. Thomas Church Dagenham on Sunday the 17th December 2023 from 4:00 pm to 8:00pm. All members and organization of the parish sincerely participated in this Christmas program with our church choir leading the service with melodious Christmas Carol songs. Prof. Dr. Roys Mallasheri, Former Principal of St. Thomas College, Kozhenchery, delivered the Christmas message as the chief guest.
**Parish Day celebration:** 16th parish day was celebrated on 11th June 2023. Our special guest was Rev. Soju M. Thomas Church
**Picnic:** On 28th August 2023, a church picnic was conducted at Thorndon Country Park, Brentwood.
**Harvest Festival:** We celebrated our Harvest festival on 24th September 2023 and are grateful for generous contributions from our members.
**First Holy Communion Service:** First Holy communion service was conducted on 19th November 2023.
**Cultural Festival:** On 14th of October 2023, we conducted our cultural festival in Harlow.
**House to House Carol Service:** We conducted house to house carol service this year during November and December 2023.
**Family Sunday:** On 25th November 2023 we celebrated as Family Sunday. The chief guest was Rev. M. J. Joseph.
**Watch night service:** On 31st of December 2023 watch night service was conducted at 10.00pm with Holy communion celebrated by our vicar Rev. Jacob P. T.
**Youth Retreat:** On 24th February 2024, we conducted a Youth Retreat which was led by Rev Sijo John Achen.
**Family and youth Retreat:** On 16th of March we conducted Family and Youth Sunday. Retreat led by Dr. Sunny Stephen.
**Sunday School:** Sunday School classes are held every week after the worship under the guidance of a dedicated team of teachers.
**Youth League:** Our Youth League conducted regular monthly youth meetings for all youths, and conducted many programs for youth. **VBS (Vacation Bible School):** VBS was conducted from 1st June to 4th June 2023 and the theme was “Roots and Fruits”. VBS Directors were Mr. Blesson Thomas, Mr. Shaji Varghese and Mrs. Sherin Elsa Aniyan Samuel.
**Choir:** Choir takes active part in all our Sunday services. The choir practice is held before the worship service. The choir regularly updates themselves by learning new hymns and tunes published by DSMC of Mar Thoma Church.
**Sevika Sangham:** Sevika Sangham is an integral part of Mar Thoma Church and plays a vital role in church activities. They organize regular Bible Study, Chain Prayer, Family Retreat, House Visit, Charity Fundraising activities and participate in centre meetings organized by sister parishes.
**Prayer Meetings:** We have five active prayer groups. All our prayer groups held prayer meetings throughout the year for the spiritual growth of their members.
**Lent Season Prayers:** We conducted Lent prayer services under the leadership of the Area Prayer Groups.
**Good Friday Service:** On 29th March 2024, Good Friday Service was conducted at Fanshawe Community Centre.
Page 1
## **St. Peter’s Mar Thoma Church, London**
## **Report of the Trustees**
## **for the Year Ended 31 March 2024**
## **References and Administrative Details**
**Name of Charity Charity Registration Number Principal address**
**: St. Peter's Mar Thoma Church East Area, London :** 1123807 **:** 154 Clockhouse Lane Collier Row, Romford, Essex, RM5 2TJ
## **Trustees**
|Rev. Jacob P. T|Rev. Jacob P. T|**:**|Vicar and President|
|---|---|---|---|
|Mr.|Kurian John|**:**|Vice President|
|Mr.|Eby Baby|**:**|Secretary|
|Mr.|Alex Lukose|**:**|Trustee Finance|
|Mrs.|Sherin Sam|**:**|Trustee Accounts|
|Mr.|Binu George|**:**|Lay Leader|
|Mr.|Shinto Scariah|**:**|Lay Leader|
|Mr.|Sam P George|**:**|Sabha Mandalam Member|
|Mr.|Thomas Alexander|**:**|Zonal Assembly Representative|
|Mrs.|Susan Shekhar|**:**|Choir Representative|
|Mr.|Shiju Thomas|**:**|Sunday School Representative|
|Mrs. Mithu M Varghese|Mrs. Mithu M Varghese|**:**|Sevika Sangham Representative|
|Mrs.|Bindumol Binu|**:**|Sevika Sangham Representative|
|Ms.|Caroline Benoy|**:**|Youth League Representative|
|Mrs.|Lizamma Baby|**:**|Edavaka Mission|
|Mr.|Skaria George|**:**|Area Representative 1 (North East London)|
|Mr.|Anil Cherian|**:**|Area Representative 2 (North East London)|
|Mr.|Jobbi Varghese|**:**|Area Representative (Chelmsford)|
|Mr.|Jacob Abraham|**:**|Area Representative (Romford)|
|Mr.|Subin V Eapen|**:**|Area Representative (Harlow)|
|Mr.|Praveen Jose Varghese|**:**|Area Representative (Colchester)|
||||Thomas David Accountancy & Taxation Limited|
||||557 Filton Avenue|
||||Bristol|
||||BS7 0QH|
Approved by the Board of Trustees on **..** _30/06/2024_ . **........** and signed on it's behalf by: ~~"He~~ of Trustees on mB 2/06 J2.az.te... and signed on it's behalf by: Mr. Eby Baby Mr. Eby Baby (Secretary) (Secretary)
Page 2
**St. Peter’s Mar Thoma Church, London**
## **Independent Examiner’s Report to the Trustees of**
I report on the accounts of the charity for the year ended 31 March 2024, which comprise the Statement of Financial Activities, the Statement of Financial Position and the related notes.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act
- toandfollow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act);
- to state whether particular matters have come to my attention.
## **Basis of the independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view ‘ and the report is limited to those matters set out in the statements below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with Section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. eema s e Thomas David FCCA Thomas David Accountancy & Taxation Limited 557 Filton Avenue Bristol BS7 0QH Date : _16/07/2024_
Page 3
## **St. Peter’s Mar Thoma Church, London**
## **Statement of Financial Activities**
||**Statement of Financial Activities**|**Statement of Financial Activities**||||
|---|---|---|---|---|---|
|**Charitable activities**
Donations and legacies
**Total**
**CONTINUING OPERATIONS***
Other activities
**INCOME AND ENDOWMENTS FROM**
**EXPENDITURE ON**
Church Running Costs
Other
**Total**
**NET INCOME**
Other income|**for the Year Ended 31 March 2024**||**Restricted fund**
**£**
-
-
-
**-**
-
-
**-**
**-**|**2024**
**Total**
**funds**
**£**
104,421
20,097
24,879
**149,397**
(105,518)
(5,189)
**(110,707)**
**38,690**|**2023**
**Total**
**funds**
**£**
94,689
17,232
24,228|
||**Notes**
**3**|**Unrestricted**
**funds**
**£**
104,421
20,097
24,879
**149,397**
(105,518)
(5,189)
**(110,707)**
**38,690**||||
||||||**136,149**|
||||||(100,965)
(2,598)|
||||||**(103,563)**|
||||||**32,586**|
|||||||
All income and expenditure have arisen from continuing activities.
Page 4
## **St. Peter’s Mar Thoma Church, London**
## **Balance Sheet**
||**Balance Sheet**|**Balance Sheet**||||
|---|---|---|---|---|---|
||**for the Year Ended 31 March 2024**|||||
||**Notes**|||**2024**|**2023**|
|||**Unrestricted**
**Fund**|**Restricted**
**Fund**|**Total funds**|**Total funds**|
|||**£**|**£**|**£**|**£**|
|**FIXED ASSETS**||||||
|Tangible assets|**6**|295,864|-|295,864|288,170|
|**CURRENT ASSETS**||||||
|Debtors|**7**|36,622|-|36,622|20,569|
|Cash at bank and in hand|**8**|75,499|-|75,499|56,636|
|||**112,121**||**112,121**|**77,205**|
|**CREDITORS**||||||
|Amounts falling due within one year|**9**|(22,702)|-|(22,702)|(28,050)|
|**NET CURRENT ASSETS**||89,419|-|**89,419**|**49,155**|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||385,283|**-**|**385,283**|**337,325**|
|**CREDITORS**||||||
|Amounts falling due after more than one year|**10**|(42,111)|-|(42,111)|(32,843)|
|**NET ASSETS**||**343,172**|-|**343,172**|**304,482**|
|**FUNDS**|**13**|||||
|Unrestricted funds||||343,172|304,482|
|Restricted funds||||-|-|
|**TOTAL FUNDS**||||**343,172**|**304,482**|
The financial statements were approved by the Board of Trustees on **….........................................** 20/06 Joo2u4. and were signed on its behalf by:
**….........................................**
Ms. Sherin Sam
(Trustee-Accountant) Ms. Sherin Sem
**….....................................** Mr. Alex Lukose
(Trustee-Finance) Mr. Alex Lukose
**….....................................** Rev. Jacob P. T.
(Vicar and President) Rev. Jacob P.T
Page 5
1.
**2 TRUSTEES' REMUNERATION AND EXPENSES**
## **St. Peter’s Mar Thoma Church, London**
## **Notes to the Financial Statements**
**for the Year Ended 31 March 2024**
## **ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements have been prepared under the historical cost conversion, except for investments which are included at market value and the revaluation of certain fixed assets and 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 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 (FRS 102), and the Charities Act 2011.
St Thomas Indian Orthodox Church, London meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes(s).
## **Incoming resources**
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.
## **Resources expended**
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**
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. 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|
Trustees have carried out a full impairment review in accordance with FRS 102 and find out that the estimated residual value is not materially different from it’s carrying value in the Balance Sheet
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Funds**
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.
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023 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 2023 nor for the year ended 31 March 2022.
The trustees have the power to transfer money from the current account to a deposit account to maximise the income received from interest.
**3 INVESTMENT POLICY**
Page 6
## **St. Peter’s Mar Thoma Church, London**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2024**
## **4 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.
## **5 OTHER TRADING ACTIVITIES**
|Harvest Festival
Other Revenue
**Total**|**2024**
**£**
20,097
-
**20,097**|**2023**
**£**
17,202
30|
|---|---|---|
|||**17,232**|
## **6 TANGIBLE FIXED ASSETS**
|**DEPRECIATION**
At 1 April 2023
**COST**
At 1 April 2023
Additions
Disposal
At 31 March 2024
At 31 March 2024
At 31 March 2023
Charge for the year
Eliminated on Disposal
At 31 March 2024
**NET BOOK VALUE**|282,282
-
-
**Land &**
**Building**
**£**|8,134
4,238
-
**Fixtures and**
**fittings**
**£**|12,234
12,395
(12,234)
**Motor Vehicles**
**£**|3,227
-
-
**Computer**
**Equipment**
**£**|**Totals**
**£**
305,877
16,633
-
**322,510**
17,707
4,692
- 7,987
**14,412**
**295,864**
**288,170**|
|---|---|---|---|---|---|
||**282,282**|**12,372**|**12,395**|**3,227**||
||-
-
-
**-**
**282,282**
**282,282**|7,251
1,280
-
**8,531**
**3,841**
**883**|7,897
3,189
(7,987)
**3,099**
**9,296**
**4,337**|2,559
223
-
**2,782**
**445**
**668**||
## **7 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Gift Aid Tax Receivable
Debtors/Prepayments|**2024**
**2023**
**£**
**£**
20,000
18,510
16,622
2,059|
|---|---|
||**36,622**
**20,569**|
**Page 7**
## **St. Peter’s Mar Thoma Church, London**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2024**
## **8 CASH AT BANK AND IN HAND**
|**General Fund**
**£**
-
73,489
1,959
51
**75,499**
**9**
**10**
**11**
Amount falling due in more than five years:
Bank Loan
**12**
Cash in Hand
Lloyds Account
CCLA-Building Capital Fund
Barclays Account
Pensions
Social security and other taxes
Bank loans and overdrafts
**Total**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Creditors & Accruals
Provisions for Vicar's transfer Cost
**Total**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 11)
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank Loans
**SECURED DEBTS**
The following secured debts are included within creditors:
Bank loans|**Restricted**
**Fund**
**£**
-
-
-
-
**-**|**2024**
**£**
-
73,489
1,959
51
**75,499**
**2024**
**£**
6,835
505
1,641
8,721
5,000
**22,702**
**2024**
**£**
42,111
**2024**
**£**
6,835
42,111
**2024**
**£**
48,946|**2023**
**£**
-
52,578
4,007
51|
|---|---|---|---|
||||**56,636**|
||||**2023**
**£**
18,339
384
1,307
540
7,480|
||||**28,050**|
||||**2023**
**£**
32,843|
||||**2023**
**£**
18,339|
||||32,843|
||||**2023**
**£**
51,182|
The Bank loan is fully secured by first legal charge over the freehold property at 154 Clock House Lane, Romford, Essex, RM5 2TJ.
Page 8
## **St. Peter’s Mar Thoma Church, London**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2024**
## **13 MOVEMENT IN FUNDS**
|**Unrestricted Funds**
**Unrestricted funds**
**TOTAL FUNDS**
Edavaka Mission
Youth League
Choir
Church Development Fund
Sunday School Fund
Edavaka Mission
Sevika Sangam
VBS
General fund
Sevika Sangam
Sunday School Fund
VBS
General fund
Youth League
Choir
Church Development Fund
**Restricted Funds:**
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:|**At 01.04.23**
**£**
294,224
523
3,288
-
715
616
235
4,881
**304,482**
**304,482**|**Net Movement**
**In Funds**
**£**
36,837
102
(55)
(1,291)
245
(443)
(780)
4,075
**38,690**
**38,690**
Incoming
Resources
£
139,294
390
1,150
1,482
2,815
171
20
4,075
**149,397**|**Transfers**
**between**
**Funds**
**£**
(1,836)
-
-
1,291
-
-
545
-
-
-
Resources
Expended
£
(102,457)
(288)
(1,205)
(2,773)
(2,570)
(614)
(800)
-
**(110,707)**|**At**
**31.03.24**
**£**
329,225
625
3,233
-
960
173
-
8,956
**343,172**
**343,172**
Movement
in Funds
£
36,837
102
(55)
(1,291)
245
(443)
(780)
4,075
**38,690**|
|---|---|---|---|---|
There were no related party transactions for the year ended 31 March 2023
**14. RELATED PARTY DISCLOSURES**
**Page 9**
## **St. Peter’s Mar Thoma Church, London**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024**
|**for the Year Ended 31 March 2024**|||
|---|---|---|
|General Donations
Charity Donations/Spl Offer
VBS Donations
Special Events
Sunday School Income
Sevika Sangam
Christmas Carol
Stewardship
General Offertory
Wedding/Birthday Donations
Baptism Donations
Recessa/Uposhanam/Diocesan Sun
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Other Revenue
**Other Income**
Church Development Fund
Edavaka Mission
Youth League
Fundraising -Harvest Festival
Choir
Gift Aid Tax Refund
**Other Trading Activities**
**Total Incoming Resources**
Contributions from churches|**2024**
**£**
27,964
16,920
3,680
80
2,906
25
3,395
10,175
2,815
8,275
1,150
1,482
4,075
20,898
20
390
171
104,421
20,097
-
24,879
**149,397**
**-**
|**2023**
**£**
24,401
8,338
3,363
-
23,687
240
580
3,819
3,015
4,400
880
399
1,883
18,510
125
-
1,050
94,689
17,202
30
24,228
**136,149**|
||~~**149 397**~~||
Page 10
## **St. Peter’s Mar Thoma Church, London**
|II.**EXPENDITURE**
**Charitable Activities**
DBS
Bank Loan Interest & Charges
IT Software, Printing, Postage & Stationery
Audit and Accountancy Fees
Membership Fees (COMPE)
Insurance
Choir
Recessa,Diocesan & Mandalam
Vacation Bible School
Sevika Sangam
Vicar's Transfer Funds
Edavaka Mission
**Net income**
**Total Resources expended**
**Other**
Sunday School
Depreciation
Vicarage Expenses
Visiting Clergy, Bishops & Evang
Loss on sale of fixed assets
Special Events
Youth League Fund
Sundry Expenses
Harvest Festival
Repairs & Maintenance
Youth League Expenses
Motor Expenses
Charitable Donations
Church/Hall Rent
Altar Expenses
Ministerial Stipend
Travel & Subsistence|
**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2024**|**2024**
**£**
30,018
2,703
6,415
1,977
2,109
8,090
3,580
8,125
653
12,339
2,773
120
800
50
314
2,570
88
1,205
614
-
288
(80)
9,575
794
5,315
271
4,812
**105,518**
4,692
497
**5,189**
110,707
**38,690**|**2023**
**£**
27,484
4,060
7,057
1,154
1,761
1,552
3,630
-
584
8,000
1,153
190
70
60
147
2,300
107
296
895
300
-
-
6,972
1,201
26,763
622
4,608|
|---|---|---|---|
||
|||
||||**100,965**|
||||2,598
-|
||||**2,598**|
||||103,563|
||||**32,586**|
Page 11