R• ort of the Tnj esan Flnan lal Ststements lor the Yèar E h202 St P•t ondo Thomas David Accountancy & Taxation 557 Fillon Avenue BS7 OQH
St. Peter's Mar Thoma Church London ontents of the Flnancial Statem for the Year Ended 31 March 2025 Page Report of kne Trustees 1102 Ind8pend8nl Examineffs Report Sialerneni ol Financial Aclivilies Balance Sheet Notes to the Flnancial Slal6menl$ 6109 Delaiied slement of Financial Activities 10t0 11
Inde Exarniner's Re ort to the rust8OS St. Peter, Mar Thoma Church London I report on the accounts of lh8 ch8rily for Iha year ended 31 March 2025. whrch comprise thè Statement of Financial Aclivilios, the Staiemèni of Financial Position and the lated nol&$. Rospectlve r•sponsibllltl95 of trustees and examlnar Thg charity s trustèe$ ar& responsible for Ik.8 preparzlion ol tho 8ccounls. The chanty's truslèeg consider thal an audit is not rgquir8d for this year lunder Section 144121 ol the Charities Act 2011 Ilha 2011 Actll and Ihat an independent exarninalion Is required. 11 is my respttnsitsility to.. examine thè accounts und8r Section 145 of th6 2011 Act to follow the procedurès L4id down in the Gen8ral Dir•clion$ giv•n by the Charity Commison lund?r Secuon 14515llbl ¢f the 2011 A¢ii'. and to slatè whglher particular rnattefs hav8 comg lo rny &ll•fttion. Ba818 of the Ind¢pendent •xaminer's roport Iy gxaminatlon was carriéd oul in accordance with th• General Direcllons given by Iho Charlty Comfflission. An •xaminarlon in¢kndes a rèvi8w of ltr,o accounting records kept by the Gharity and a Mmparison of the acGounls prg$or.led with thos8 roGords. 11 also include8 considoralion of any unusual it8m6 or disck>Buros in the accounts, and $8ekin9 explanations from you as Irusiees cDnc6rning any such rnatt¥rs. The proc8dures undertaken do not providg all the evidence rhal would ba requiwd in an audit. and consèquently nL) opinion 1$ given as lo whether th8 acu1 present a 'lrue an¢Y lair view. and the report is limited to those matters set out In Ihe staigmenls below. lftdèpgndont •xamlner's statèmont In connoclion wlh niy ¥X#ltninalion, no maitar has come to my aiienlion.. which giv•s me aSonabl0 ¢4Us8 lo b&liovfr Ihal, in any malorial rnspecl, Iha r¥quirern•nls 10 k8ep accounbng records in accordance valh Sèction 130 of Ihe 2011 Act,. and lo prepare accgunis which ac¢ord wlh the accounlinG records and to comply with th8 accouniing requirernentg of tho 2011 Act havo noi been met.. or 121 to which, in my opinion, aitenlion should be drdwn In order lo onable a propar understanding ol the accounls to be raached. Thomas Davld FCCA Thoma$ David Accountancy & Taxation Limiled 557 Fillon Av8nue 8ristol SS7 OQH Dale Page 3
St. Peter's Mar Thoma Church London he Truste•s for the Year Endad 31 M rch 2025 References and Admlnlstratlve Detalls Namg of Ch8rlty Charlty Reglstratlon Number Prlnclpal address St. Petèr's Mar Thoma Church East Area, London 1123807 154 Clockhouse Lane Colller Row, Romford, Essex, RM5 2TI Trustees Rev. Jacob P. T Vicar and President Vice Prosideni Secretary Trustee Finance Truslee Accounts Lay Leader Lay Leader Sabha Mandalam Membèr Diocesan Assembly Ropresenlalive Choir Represenlalive Sunday School Sceretary Sevika Sangham Scerelary Youih L¢aguo Sceretary Edavaka Mission J¢bèi V8rgh8se Mr. S8m P. G&or98 Mr. Alex Lukose Mrs. Milhu Varghese R8ji Th8llkachan Mr. Melvin Shaji Varghesa Mr. Sam P George Mr. Thomas Alexander Miss. Nirnrni Sneha Paul Mr. Shiju Malhew Mrs. Reerna George M$. Alby Ch¢ri¥n Mrs. 8iniiha Rinosh Mr. Premjee Varughese John Bibin T, Oommen Aa Represenialive Ichelmslordl Are8 Represenlalive INorth East London) Area Represenlalive Isoulhendl Aro8 Represenlalive IRomlordl Area Representative IHailowl Mr. Mr. Thomas Chacko Isijinl Mr. Jacob Abraham (Jimmyl Mr. Sujin George Thornas Independent Examlner Thomas David Accountancy & Taxaiitsn Lirniled 557 Fillon Avenue BS7 OQH 06/0712025 Approved by the Board tsl Trustees on and $i9ned on it's behalf by.. Mr. Sam P. George Isecrelaryl Page 2
Inde end nt Examine¥'s Re ort to thè Tru esof St Petor's Mar Thoma Church London I report on the accounts of tho charity for the year ended 31 March 2025, which comprise the Slalemenl of Financial Aclivilies, the Sialefflenl of Financial Position and the related notes. Respactiva r85ponslbllitles of trustèes and examinor The charity's Irusiees are responsible lor the pfeparation of the accounts. The charity's Iruslees ¢¢n$ider that an audit is not qUired for this year lunder Section 144121 ol the Charities Act 2011 Ilhe 2011 Aclll and Ihat an independent ex8minalion is required. It is my r&$pon$ibilily to.. exarnine the account5 under Section 145 of the 2011 Act lo follow the procedures laid down in the General Directions given by Ihe Charity Cornmisslon (undèr Section 14515llbl ol the 2011 Act).. and lo slate whether particular matters have come lo my attention. Ba818 ol the Independant oxamlner's r•port My examination was carried out in accordanc& with the General Directions given by tho Charily Cornrnission, An examinalion includes a review tsf the ac¢tsunting re¢ord$ kept by Ihe ¢harity and a cornpari50n ol the accounts pros¥nied with those Ords. 11 also Includes Considè1iOn ol any unusual items or disc103ure3 in the accounts, and seeking expl8nalion$ Ifom you as Iruslees concerning any such m8llers. The proeedures undertaken do nol provide all the evidence that would be required in an audit. and consequenlly no oplnion is glvtrn as lo whether the accounts pr¢sanl a 'lrug and fair vlew, and the report 1$ limlted lo those matter5 sel out in the statements bg10w. Indgpendant oxamlner's statem•nt In connection wilh my exarnin81ion, no maiior ha$ come lo my atlenlion.. whlch gives me reasonable cause lo bell&v8 that, In any material respect, the requiremen1$ to keep accounting records in accordance with Section 130 01 the 2011 Act,. and lo prepare ¥ccounig which accord with the accounling records and lo comply with the accounling requlrements ol Ihg 2011 A¢1 h8v¥ not béen m81., or 121 1¢ which, in my oplnlon, attention should be drawn in order 10 enable a proper understanding ol Ihe accoun15 lo be reached. Thomas David FCCA Thomas David Accountsncy & Taxation Limited 557 Fillon Avenue Bristol BS7 OQH Dale Page 3
St. Peter's Mar Thoma Church London tatefflent of Ftn for the Year Ended 31 March 2025 2025 2024 Notes Unrestrlcted funds Total funds Total fund$ Restrlct•d fund INCOME AND ENDOWMENTS FROM Donallons and lega¢ios Other activities 108,415 108,415 104,421 19,183 19,183 20,097 Other income 20.324 20,324 24.879 Total 147,922 147.922 149,397 EXPENDITURE ON Charltable actItIeS Church Running Costs Other 1102.1071 13,9961 1102,1071 13,9961 1105,5181 15,1891 Total 1106,1031 1106,1031 1110,7071 NET INCOME 41,819 41,819 38.690 CONTINUING OPERATIONS. All incorne and expendllur& hgve 8ri$gn from conlinuing acllvllles. Page 4
St. Peter's Mar Thom on 8 Shget orthey ar Ended 31 March 2025 Notes 2025 2024 Unrastrlcl¢d Fund Restri¢tgd Fund Total fund Total fund* FIXED ASSETS Tangitsl$ assets 293,557 293,557 295,864 CURRENT ASSETS Deblor5 30,455 30,455 36,822 ca5. at b8nk and in hand $2,59e 21,021 21,021 73.617 75,409 83.051 104,072 112.121 CREDITORS Amounls falling dUe,lIhIn One year 112,6391 112,6391 122.7021 NET CURRÉNT ASSET8 70,412 21,021 91,433 89,419 TOTAL ASSETS LESS CURRENT LIA81LITIES 363.969 21,021 384,990 385,283 CREDITORS ArnOnts falling du8 after rnore thon ong year 1Q 142,1111 NET ASSETS 363.969 21,021 384.990 343.172 FUNDS 13 Unresldcted funds 363,969 243.f 72 Restrictèd funds 21,021 TOTAL FUNDS 384,990 34J.172 Di Joseph Mar Ivanlos Eplscopa Dlocesan Bishop The financi81 $18lernenls werg 3PP rd ol Trustees on and w•r8 $i9ned on ils behalf by.. APPROVED M5. Mithu Varghese ITrustee-Accountantl Mr. Alex Lukose kev,laLb P. T. Ivicar and President) ITrustee.Financel
St. Peter's Mar Thoma Chur h London he Flnancial Sta for the Year En d 31 March 2025 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial slatemenls h8ve been prepad under th* historical cost conversion, oxtèpt for investments which are included al market Value and the revaluation ol certain fixed assets and In accordance with the Charities SORP IFRS 1021'Accounling and Reporting by Charities.. Slaiemenl of Recommended Practice applie8ble to charities preparing their accounts in accordance wilh the Financial Reporting Siandard applicable 10 charities preparing their accounts in a¢cordance wlh Ihe Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 102118ffeclive 1 January 20151,, Financial Reporting Standard 102'The Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021, 8nd the Charities Act 2011 St Thomas Indian Orthodox Church, London meets ihe definition ol a public benefil enlily under FRS 102. Assels and liabilities arts initially recognised al historical cost or transaction value unless olherwse 51aled in Ihe relevant a¢¢ouniing policy noleslsl. Incomlng resources All income is recognised in Ihe Slalemenl ol Financial Activities onc6 the charity has enlillemenl lo tho funds, il is probable ihal the in¢orne will be received and Ihe amounl can be measured reliably. Resources expended Liabilities are recognised as expendllure as soon 8$ Ihere is a legal or conslrvclive obligalion commilling the ¢harily lo thal expenditure. il is probable that a Iransler ol economic benefits will be requirod in selllernenl and the amount ol the obligation can be measured reliably. Expenditure is accounled lor on an 8ccrua15 basis and has been ¢lassified under headings Ihal aggreg810 all cosl ralalgd io the ¢aiegory. Where costs cannot be directly attributed lo particular h¢adings, they have been allocated 10 activities on a basis consisleni wlh the use ol resources. Tanglblg flxed assets Tangible fixed assets are slated al cost or valuation less depreclalion and any provision lor impairment. Depre¢ialion is provided al th& l¢llowing annual rates in order lo write off the co81 less eslimaled residual value ol each asset over ils eslimaltd useful life. Freehold Prop¥rty Not provided Fixtures and filling$ Motor vehide$ 25QA on reducing balance basis 25% on reducing balance basls 33.33Vo on reducing balance basls Trustees have carried out a lull Impairmonl review in accordance wllh FRS 102 and find oul that the eslimaltrd r¥sidual value is not materially different from il's carrying value in the Balance Sheet Taxatlon Computer 6qulpm¥nl The charity is exempl frorn tax on its charitablè a¢livilies, Funds Unreslri¢ie4 funds can be used in accordance with thè ¢harilable objeclives al the discretion ol the Iruslees. Reslricied funds can only bg used lor particular reslricled purposes within the objects ol the charity. Reslriclions arise when specified by the donor or when funds are raised lor particular reslrielgd purposes, Further explanation of thè nature and purpose ol each fund is included in the notes lo the financial slalements. TRUSTEES, REMUNERATION AND EXPENSES There were no Iruslees, remuneration or other benefits lor the year ended 31 March 2025 nor lor the year ended 31 March 2024 other than the ministerial stipend and other related living expenses paid lo the vicar for his pastoral (Julies. Trustees, Expen5éS There were no Iruslees, expenses paid lor Ihe year ended 31 March 2025 nor for the year ended 31 March 2024. INVESTMENT POLICY The Iruslees have the power lo Iransler money from the current account to a deposil account to m8ximise Ihe income received from interest. Page 6
St. Peter's Mar Thoma Church London Notes to heF clal Statement5- on nued for the Year Ende l March 2025 4 RISK MANAGEMENT The Iruslees have assessed the msjor risks lo which the charity is 8XP05ed. in particular those related lo il's operalions. personnel and lillances, and are satisfied thai the sy51em8 arg in place lo miligaie our exposure lo major risks. The Iruslees lo ensure that they Still meet the n8eds of the charity periodically review these procedures. S OTHER TRADING ACTIVITIES 2025 2024 Harrfesl Festival 19,183 20.097 Other Revenue Total 19.183 20,097 6 TANGIBLE FIXED ASSETS Land & Bulldlng Flxtures and flttlngs Computèr Equlpment Motor Vehlcles Total• COST Al 1 April 2024 Addllions 282.282 12.371 12,395 3.227 310,275 1,890 1,690 Disposal Al 31 March 2025 282,282 12,371 12,395 4.917 311,965 DEPRECIATION Al 1 April 2024 Charge for the year Eliminaled on Disposal 8,S31 3,099 2,782 14,412 2,324 712 3,99e Al 31 M8r¢h 2025 9,491 5,423 3,494 18,408 NET BOOK VALUE Ai 31 March 2025 282,282 2.880 6.972 1,423 293,557 Al 31 March 2024 282,282 3,841 9.296 445 295.864 7 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Gift Aid Tax Receivable 19,000 11,455 30,455 20,000 18,622 DeblorslPrepaymenls 36.622 Page 7
St. Peter's Mar Thoma Church London Notes to the Financlal Statement Inued or the Year End h 2025 8 CASH Af BANKAND IN HAND General Fund Restrlcted Fund 2025 2024 Cash in Hand Lloyds Account Barclays Account CCLA-Buildillg Capitsl Fund Total 51,084 21.021 72.105 73,489 1,461 1,461 51 1,959 51 51 S2,596 21.021 73,617 75.499 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank loans and ov8rdrall$ e,835 505 1,641 Social securlly 8nd other X$S Pensions 458 1.641 Creditors & Accruals 540 8.721 Provisions lor Vicar's Iransler Cost 10,000 5,000 Total 12,639 22,702 10 CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Bank loans l$e* note 111 42,111 11 LOANS An analysis ol the malurity of10gns 1$ given below.. 2025 2024 Amounts falling du8 within one year on demand.. Bank Loans 6,835 Amount falling due in morè Ihan live year5.. Bank Loan 42.111 12 SECURED DEBTS The lollowng secured debls are included within ¢redilors'. 2025 2024 Bank loans 48.946 The Bank loan was fully secured by first legal charge over the freehold property al 154 Clock House Lane, Romlord, E$5ex, RM5 2TJ and W85 fully repaid during the year. Page 8
St. Peter's Mar Thorna Church London Note5 to the Flnanclal Statemen ontlnued for the Year En 1 March 2025 B CASH AT BANK AND IN HANtJ General Fund Restrlcted Fund 2025 2024 Cash in Hand Lloyd5 Account Barclays Account CCLA-8uilding Capital Fund Total 51,084 21,021 72,105 73,489 1,461 1,461 1,959 51 51 51 52,596 21,021 73.617 75,499 9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank loans gnd over(Jr8fl$ Social security and other laxe8 Pensions 6,835 505 4S8 1,641 1,641 8,721 Crediitsrs & Accruals 540 Provlsions lor Vicar's transfer Cost 10,000 5,000 Total 12,639 22,702 10 CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Bank loans (see note 111 42,111 11 LOANS An analysis ol the rnalurlty of loans is given below.. 2025 2024 Amounts falling du$ within one year on demand.. Bank Loans 6,835 Arnounl lalllng due in more than live years.. Bank Loan 42,111 12 SECLIRED DEB TS Tho following secured debts are included within ¢reditors'. 2025 2024 Bank loans 48,946 The Bank loan wa5 lully secured by first legal charge over the freehold property al 154 Clock Housg Lane. Rornlord, Essex, RM5 2TJ and was lully repaid during the year. Page 8
Peter's Mar Thoma Church L tes to the Financlal Statemen ntlnued for the Y r Ended 31 M 025 13 MOVEMENT IN FUNOS At 01.04.24 Net Movement In Funds Transfers bfjeen Funds At 31.03.25 Unrestrlcted Funds General fund 329.225 29.386 14181 358,193 Edavaka Mission 625 625 Sevika Sangam Sunday School Fund VBS 3,233 86 3,319 165 165 960 13271 863 633 Youth League Choir 172 1,035 14181 418 Church Devolopmeni Fund 8.956 18.9561 343,171 41,118 18,9561 363,969 Re8trl¢tad Funds.. Church Development Fund TOTAL FUNDS 12.065 8,956 21,021 343,171 41,118 384.990 Nel movernent in funds, included in the above are as follows.. Incoming Resour¢e8 Resources Exoendod Movemoni in Funds Unrestllctod fund$ General lund 127.888 198,3021 29,386 Edavaka Mission Sevika SaDgarn Sunday School Fund v8s 1,925 1,125 11,8391 19601 86 165 3.099 13.4261 13271 Youth Le8gue 1,503 16401 e63 Choir 518 19351 14181 Church Development Fund Total Funds 135,492 1106,1031 29,754 Restrlcted Funds Chur¢h Development Fund 12.065 12,065 TOTAL FUNDS 147,922 1106,1031 41.819 14. RELATED PARTYDISCLOSURES There were no related party transactions for the year ended 31 March 2025 Page 9
St. Pet8r's Mar Thoma Church London D8tail atem8rFt of Finan lal Activitles for the Yèar Ended 31 March 2025 2025 2024 INCOME AND ENQOWMENTS Donatlons and l&gacle$ Stewardship General Offertory WeddinglBirthday Donations Bapiisrn Donations RecessalUposhanamlDiocesan Sun General Oonallons 29.141 27,964 14,744 16.920 4.924 3,680 80 1.825 2,906 1,450 25 Christmas Cèrol 2,490 3.395 Charity Oonalionslspl Offer Vgs Donations 3.142 10,175 3,099 2,81 S Speclal Events 12,538 8.275 Sevika Sangarn Sunday School Income Church Development Fund Gill Aid Tax Refund 1,925 1,150 1,125 1,482 12,065 4.075 17,927 20,898 Choir 518 20 Edavaka Mission 390 Y¢ulh League 1,$03 171 108,415 104,421 Other Tradlng ActlvltlÉs Fundraising-Harvesl Festival Other Revenue 19.183 20,097 Other In¢ome Contributions from chur¢he5 20,324 24,879 Total Incomlng ResoLtrcè$ 147,922 149.397 Page 10
St. Peter's Mar Thoma Church London Detailed Statement of Flnanclal Aetivitie for the Year Ended 31 March 2025 2025 2024 11. EXPENDITURE Charltablè Actlvltlès Ministerial Stipend Pension Cost 32,207 30,018 599 Travel & Subsistence 4,677 2,703 Vicarage Expenses Visiting Clergy. Bishops & Evang Motor Expensas Chariiable Donalions 6.527 6,41 S 2.105 1,977 5.970 2,109 2,000 8,090 ChurehlHall Rent 3.398 3,580 Repairs & Mainlenanca IT Software, Printing. P051age & Sialionery Vicarfs Tfansler Funds 820 8,125 194 653 9,757 12.339 Sunday School HaNesl Fesllvgl 960 2,773 531 120 Choir 935 800 Recèssa,Dio¢e8an & Mandal8m so Altar Expenses Vacalion Bible School 178 314 3,678 2,570 Sundry Expenses Sevika Sangam Youth League Expenses Edav8k8 Mission 323 88 1,839 1,205 640 614 288 OBS 80 Special Events 12,973 9,575 Audit and Accountancy Fees Memborship F$e$ ICOMPEI Insurance 1,248 794 8.615 5.315 271 271 Bank Loan Interest & Charges 1.552 4,812 102,107 11JS,518 Other Depreciation Loss on sale ol fixed assels 3.996 4.892 497 3,996 5.189 Total Resources expended 106,103 110.7Q7 Net Income 41,819 38,691J Page 11