## **ST. AUGUSTINE** # **COPTIC ORTHODOX CHURCH Guildford** **TRUSTEES’ REPORT AND FINANCIAL STATEMENTS** **YEAR ENDED 5 APRIL 2024** ## **ST. AUGUSTINE COPTIC ORTHODOX CHURCH Guildford** NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 5th April 2024 ## **CONTENTS** ||**PAGE**| |---|---| |CONTENTS|1| |CHARITY INFORMATION|2| |TRUSTEES REPORT|3| |STATEMENT OF FINANCIAL ACTIVITIES|4| |BALANCE SHEET|5| |EXPENDITURE|6-7| |NOTES|8| S T A U G U S T I N E P a g e 1 ## **ST. AUGUSTINE COPTIC ORTHODOX CHURCH Guildford** ## Charity Information For the Year Ended 5th April 2024 **TRUSTEES** {1} His Grace Bishop Antony {2} Mr . Rafat M Gali {3} Ms . Vina A Fares {5} Mr Tony Antoun {6} Mr . Remon Boutros {7} Dr . Albert Atalla {8} Dr. Raouf Daoud {9} Mr. John Badawi **SECRETARY** Mr R M Gali **TREASURERS** Dr Albert Atalla **CHARITY NUMBER** 1125015 **Date of Registration** 16 July 2008 **BANKERS** Lloyd’s TSB Kingston upon Thames Surrey S T A U G U S T I N E P a g e 2 ## **ST. AUGUSTINE COPTIC ORTHODOX CHURCH Guildford** ## **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 2 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 Plans** The charity planning to do a parking space for the congregation after they have installed an electric gate and changing all the doors that it matching with the benches, doors in deacons’ room, kids rooms & the Baptism room as well. ## **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 the charity and of its results for that period. In preparing those financial statements the trustees are required to: - (a) Select suitable accounting policies and apply them consistently. - (b) Make judgments and estimated 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 27/06/2024 and signed on their behalf, Mr R M Gali Secretary S T A U G U S T I N E P a g e 3 ## **ST. AUGUSTINE COPTIC ORTHODOX CHURCH Guildford** ## **Statement of Financial Activities for the period Ended 05th April 2024** ||Note.|Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---| |||Funds|Funds|Funds|Funds| |||2024|2024|2024|2023| |**INCOMING RESOURCES**||£|£|£|£| |Membership contribution||74150|0|74,150|66890| |Collection & Church Boxes||8344|0|8,344|10971| |Sales/Donation||44373|0|44,373|56485| |Fund Raising Events||12500|0|12,500|20419| |Canteen||21147|0|21,147|2478| |Gift Aid Recovered||26572|0|26,572|17366| |Utility Refund||0|0|0|0| |Investment Income (Interest Received)||368|0|368|51| |**Total Incoming Resources**||**187,453**|**0**|**187,453**|**174,662**| |**RESOURCES EXPENDED**|||||| |**Charitable expenditure**|||||| |Management and administration of the|||||| |charity|1|110,821|0|110,821|116,861| |**Total Resources Used**||**110,821**|0|**110,821**|**116,861**| |Net Movement in Funds for the period||**76,632**|0|**76,632**|**57,800**| |Balance Brought Forward at 5 April 2023||923,697|0|923,697|865,896| |**Total Funds C/F at 5 April 2024**||**1,000,329**|0|**1,000,329**|923,697| S T A U G U S T I N E P a g e 4 ## **ST. AUGUSTINE COPTIC ORTHODOX CHURCH Guildford** ## **BALANCE SHEET AS AT 05TH April 2024** ||Note|2024|2023| |---|---|---|---| |**Fixed Assets**||£|£| |Tangible Assets|2|8916|11888| |Free hold Property||967454|967454| |**CURRENT ASSETS**|||| |Cash at Banks and in Hand||41,317|34,295| |**Total Assets**||**1,017,687**|**1,013,637**| |**CURRENT LIABILITIES**|||| |Trade Creditors|||| |Long Term Liabilities|||| |Loan||17,358|89940| |Total Current Liabilities||17,358|89,940| ||||| |NET ASSETS||1,000,329|923,696| |**Funds**|||| |Unrestricted Funds||1,000,329|923,696| |**Total Funds**||**1,000,329**|**923,696**| This financial statements were approved and authorised for issue on 27/06/2023 and signed on behalf of the Trustees by ...................... Trustee P a g e 5 S T A U G U S T I N E ## **ST. AUGUSTINE COPTIC ORTHODOX CHURCH Guildford** ## **NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 05TH April 2024** ## **1. Charitable Expenditure** |**Management & Administration of Charity**
**Priest Accommodation, Salaries & Expenses**
Electricity, Water & Council Tax
Clergy Living expense
Home cover
Travelling Expense
Motor Exp
Car Depreciation
NI No for employer & employee
**Church Expenses**
Water
Utility Bill
Premises Insurance
Other Expense
Car Insurance
Telephone Bill
Repairs & Renewal
Charitable Activities
Legal & Professional Fees
Loan Interest
Sunday school activities
**Administration Costs**
Bank Charge
**Net Movement in Funds**|2024
£
4457
17,880
325
2,000
796
2,972
2201|30,632
80189
0|2023
£
2163
17,775
0
5450
1905
3963
2122|33,378
83483
0| |---|---|---|---|---| ||2,534
3456
1235
14,508
904
701
39,939
10,018
1,111
4,199
1,585||264
5154
1109
7,298
0
512
21,746
29,500
10,226
6,651
1,022|| ||0||0|| |||||| |||110,821||116,861| S T A U G U S T I N E P a g e 6 ## **ST. AUGUSTINE COPTIC ORTHODOX CHURCH Guildford** |**2. Tangible Assets**
**Cost**
At 6 April 2023
Addtions
**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**
**Motor**
**Totals**
**Property**
**Vehicles**
**£**
**£**
**£**
967454
11888
979,342
0
0
0| |---|---| ||967454
11888
979342| ||0
2972
2,972
0
0
0| ||0
2,972
2,972| ||967,454
8,916
976,370| ||967,454
11,888
979,342| S T A U G U S T I N E P a g e 7 **ST. AUGUSTINE COPTIC ORTHODOX CHURCH Guildford** ## **Year ended 05th April 2024** ## **NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 05[TH] 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 ## **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. Members of the church council who served during this period are stated below. {1} His Grace Bishop Antony Chairman {2} Mr. Rafat M Gali Secretary {3} Dr. Albert Atalla Treasurer {4} Mr. Tony Antoun - {5} Mr. Remon Boutros - {6} Ms. Vina A Fares {7} Dr. Raouf Daoud {8} Mr. John Badawi Accountant M.Tawfig FMAAT S T A U G U S T I N E P a g e 8