## **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**
- **1)** Trustees Report
- **2)** Independent Examiners Report
- **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: -
- (i) their death or
- (ii) their resignation or
- (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:
- examine the accounts (under section 43(3)(a) of the Act);
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43 (7)(b) of the Act); and
- 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
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 41 of the 1993 Act; and
- 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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