ST THOMAS
INDIAN ORTHODOX CHURCH SUNDERLAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
RAZAK & CO
CHARTERED CERTIFIED ACCOUNTANTS 6 HUTTON TERRACE JESMOND NEWCASTLE UPON TYNE NE2 1QT
ST THOMAS – INDIAN ORTHODOX CHURCH SUNDERLAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
INDEX TO FINANCIAL STATEMENTS
PAGE REF
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1) Trustees Report
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2) Independent Examiners Report
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3-6) Financial Statements and Notes
ST THOMAS
INDIAN ORTHODOX CHURCH SUNDERLAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
TRUSTEES ANNUAL REPORT
Charity Name: - Indian Orthodox Church Sunderland Charity Reg No: 1127767
Principal Address of Charity: - 26 St Buryan Crescent Newcastle upon Tyne NE5 3XF
OBJECTS OF THE CHARITY
The charity’s objects are to provide a cultural religious and socio-religious base for the Indian Orthodox Community in the Sunderland, Tyne & Wear area.
NAMES OF TRUSTEE
The trustee of the charity is as follows:-
Dr.Abraham Samuel
The trustees are elected in open general meetings and continue in office until: -
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(i) their death or
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(ii) their resignation or
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(iii) are deselected in open general meeting.
ACTIVITIES & ACHIEVEMENTS
The charity has continued in its objectives stated above by providing an open and easy and free means for the Indian Orthodox community in the area to engage in their religious and cultural heritage.
The trustees have continued to adopt a prudent and rational basis for the investment of the charity funds with reserves being maintained at a high level. The trustees have taken no risks with the assets of the charity that have been entrusted upon them.
DECLARATION
I declare in my capacity of charity trustee that the trustees have approved the above report and have authorised me to sign it on their behalf.
……………………………………………….
Dated:
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REPORT TO THE TRUSTEES AND MEMBERS OF ST THOMAS – INDIAN ORTHODOX CHURCH SUNDERLAND ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity considers that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act)) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts (under section 43(3)(a) of the Act);
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to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43 (7)(b) of the Act); and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with General Directions given by the Charity Commissioners. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 41 of the 1993 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 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.
……………………………….
6 Hutton Terrace RAZAK & CO Jesmond CHARTERED CERTIFIED
Newcastle upon Tyne ACCOUNTANTS NE2 1QT
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ST THOMAS INDIAN ORTHODOX CHURCH SUNDERLAND
ACCOUNTING STATEMENT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31MARCH 2022
INCOMING RESOURCES
NOTES
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| Funds | |||
| 2022 | 2021 | ||
| Incoming Resources | |||
| Donations | 9,522 | ||
| 5,240 | |||
| Oferings | 3,622 | ||
| 2,232 | |||
| Subscriptions | 13,305 | ||
| 12,530 | |||
| Other Operating Income | - | ||
| 525 | |||
| Bank Interest | - | - | |
| ---------- | |||
| ----------- | |||
| Total Incoming Resources | 26,449 | ||
| 20,527 | |||
| ---------- | |||
| ----------- | |||
| RESOURCES EXPENDED | |||
| Costs of Activities for | |||
| Charitable Objectives | (2bi) | 22,040 | |
| 16,497 | |||
| --------- | ---------- | ||
| Total Resources Expended | 22,020 | ||
| 16,497 | |||
| --------- | ---------- | ||
| Net Movement In Funds | 4,409 | ||
| 4,030 |
Total Funds Brought Forward
Total Funds Brought Forward 122,663 114,260 HMRC – Refund 5,115 4,373 -------------------- Total Funds Carried Forward 132,187 122,663 ---------------------
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ST THOMAS INDIAN ORTHODOX CHURCH SUNDERLAND BALANCE SHEET AS AT 31 MARCH 2022
NOTES
| TANGIBLE FIXED ASSETS 157,705 CURRENT ASSETS Cash at Bank and in hand 16,915 Debtor (prepaid expense) - NET CURRENT ASSETS 174,620 CURRENT LIABILITIES (Amounts due within 12 months) Creditors – (Accrued Expenses) 4,436 Creditor (Loan – Winlaton Church) 3,000 |
2022 2021 157,126 20,380 - ---------- ---------- 177,506 4,400 - |
|---|---|
| ----------- | ||
|---|---|---|
| --------- | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 173,106 | |
| 167,184 | ||
| LONGTERM LIABILITIES | ||
| Mortgage |
40,919 | |
| 44,521 | ||
| ---------- | ---------- | |
| NET ASSETS |
132,187 | |
| 122,663 | ||
| ===== | ||
| ====== |
REPRESENTED BY: INCOME FUNDS
| Unrestricted Funds | 132,187 |
|---|---|
| 122,663 | |
| ====== | |
| ====== |
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ST THOMAS INDIAN ORTHODOX CHURCH SUNDERLAND NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
(a) Basis of Accounting
These accounts have been prepared in accordance with accounting standards and Accounting and Reporting by Charities Statement of Recommended Practice (SORP 2000) and the Charities Act 1993 except that provision for depreciation of land and buildings has not been provided in accordance with note 5 to the financial statements.
(b) Change In Basis
These are the first financial statements and are prepared under the accruals method.
As a consequence of the above the balance sheet has had to be constructed.
2) EXPENDITURE
(a) Fees for Examining the Accounts
No fees have been charged for examining these accounts.
(b) Analysis of Resources Expected
i) Costs of Activities In Furtherance of the Charity’s Objectives
| Travel Vicars Expenses 6,000 Bishop Expenses - Other Remuneration Rent – Church - Water Rates Repairs & Maintenance 1,880 Building Insurance Light & Heat Sundry & Refreshments 30 Loan Charges Bank Charges - Donations Stationery Broadband Depreciation 894 --------- 16,497 ====== 3) EMPLOYEES Vicars Expenses 6,000 |
2022 2021 1,150 - 7,500 - - - - 188 274 4,765 588 668 2,340 1,898 - 1,341 1,371 20 2,687 2,955 252 71 418 456 792 --------- 22,040 ====== 7,500 ===== |
|---|---|
=====
All of the charity’s employees were engaged in activities in furtherance of the charity’s objectives namely teaching and religious duties.
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ST THOMAS INDIAN ORTHODOX CHURCH SUNDERLAND NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
4) TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or other related parties for reimbursement of out of pocket expenses incurred by them. There were no related party transactions during the year.
5) TANGIBLE FIXED ASSETS
2022 2021 The charity has material fixed assets. Premises 152,640 152,640 Fixtures, Fittings & Equipment 4,486 5,065 ------------------- 157,126
157,705
6) CONTINGENT LIABILITIES
All material liabilities that existed at the year-end, have been included in the balance sheet.
7) DECLARATIONS
(a) Change in Year End
The trustees have not changed the year-end date neither the length of the charity’s financial year.
(b) Designated Funds
The charity does not have any designated funds.
(c) Discontinued, Continuing and Acquired Operations
All the charities operations are continuing operations and there were no operations discontinued or acquired during the year.
(d) Inalienable or Historic Assets
The charity had no assets at the balance sheet dated classed as inalienable or historic.
(e) Intangible Assets
The charity has no intangible assets.
(f) Subsidiaries
The charity has no subsidiary companies.
(g) Uncapitalised Fixed Assets
The charity has no material fixed assets, which have not been capitalised and included on the balance sheet.
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