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2023-03-31-accounts

ST THOMAS INDIAN ORTHODOX CHURCH SUNDERLAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 2023

INDEX TO FINANCIAL STATEMENTS

PAGE REF

ST TIIOMA. INI)IAN OIiI'IIOI)OX CIIUIICII %UNI)I,:IiLANI) INAh' 'IAL S1'AI'Tr:MTr.NI OII'I'HL Yb,AH LNDED IMAR H202 TR -TEE' ANNV L REI. RT ChaTiI)' N.qnie.' - Indian Ortliodox Church Siinderland C.haril>' Reg No.. 1127707 Priniipal Addrc5s of Charity.. - ?6 Si Buryan Cresceni Ne￿caStle upon Tyne NE5 3XF OIUECTS OF THE CHARITY The charity'5 objetts are to provide a cultural religious and so¢io-reli8ious base for the Indian Onhodox Cornmunity in the Surtderland. Tyne & Wear area. NAMES OF TRUSTEE The Ns¢ee of the charity is a5 follows:_ Dr.Abraham Samuel The tnjstees arc ¢lected in open general meelings and continue in offi¢e until.. - their death or their resignation or are de5ele¢ted in open general meeting. AcfiviTIES & ACHIEVEMENT Th¢ ¢lwity has continued in its objectives stated above by providing an open and Qasy and frt* means for the Indian OTthodox community in the areY4 to engage in thtlr reli8lous and ¢ultwal heritage. The trust¢e5 h¥v¢ continu￿ w Adopt a prudeni And railonal b4119 for tho Investment of th¢ ¢harity fun with r¢%rves being maintained at a hish level. The In￿1￿￿ hAve taken no rlsks with thg ¥J¢ts of th¢ h￿ty thai have been entrusted upon them. F.C I declare in my capacity of charity tNsl¢e tha¢ the truAlee3 h4v¢ approv•d th¢ aix)v• hv• authori8¢d m¢ LO 6ign 1¢ on their behalf.

KTr.I'()RI' I'O I'IIF. TRII%i F.I-. S ANI) ￿11,. MIIF.RS OF SI. I-11011..I5 - 11 I)IAN OIII'IIUIIOX LIIURCII SUNDERLAND c)N i-111-. ,IC'C-OIINI'S TrUR THF. Yfr.AK LIYDLD JI MARCH 2023 Hfs on5ibilillc5 of Iru5t¢es And ex8mln¢r lTh¢ charit% 5 trnStees aTe resP0115ible for ilic prepariltion of the Bccounts, The ¢hprity tonsiders that an audit is not rcquircd for ihis Jcar lundcr 5c¢iion 43(2) ofthe Charities Act 1993 (th¢ Act}1 and that an independent examination is needed. It is my responsibility to.. examine Ihe accounts {undcr section 43(3)(a} of the Act): to folloiv ihe procedures laid down in the General Direclions given by the Charity Commissioners (under section 4317)(bl of the Act). and to slate whether porticular mallers have come to my att¢niion. Basis of inde endenf ¢xAminer'5 statement My examination wa5 ca￿led out in a¢cordan¢e with General Dtreciions given by th¢ Charity Cornmi55ioners. An examination include5 a review of the accounting records k¢pt by the charity and a comparison ofthe accounts presented with those records. It also iDclud¢s wnsideraiion of any unusual item5 or disclosures in the accounts, and seeking explanations from the trustees concerning any such maners. The procedure5 undertakeTh do not provide all the evidence that would be required in an audi¢ and consequently I do not express an audit opinion on the accounts. Inde endenl txaminer'g st8t£mtnt In connextiort with my examination, no matter has come to my attention which gives m¢ r¢&onable cause to believe thal in any material r¢5P¢Ct the requir¢m¢nts'. io keep accounting records in accordance with section 41 of the 1993 Act. and io prepar¢ accounts which accord with the accounting recoTd5 und comply with the acwunting requiremenls of the A¢t have noi b¢en mei: or (2) which, in my opinion, atteniion should be drawn in ord¢r to ¢nabl¢ a PTOW und¢rstAnding of the occounis to be reached, ZAK ER smorjd Newi

ST THOMAS INDIAN ORTHODOX CHURCH SUNDERLAND

ACCOUNTING STATEMENT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31MARCH 2023

INCOMING RESOURCES

Incoming Resources
Donations
Offerings
Subscriptions
Other Operating Income
Bank Interest
Total Incoming Resources
RESOURCES EXPENDED
Costs of Activities for
Charitable Objectives
Total Resources Expended
Net Movement In Funds
Total Funds Brought Forward
HMRC– Refund
Total Funds Carried Forward		 NOTES
Unrestricted
Funds
2023
2022
10,980
9,522
2,497
6,622
20,180
13,305
-
-
-
-
----------
-----------
33,657
26,449
----------
-----------
(2bi)
31,250
22,040
---------
----------
31,250
22,020
---------
----------
2,407
4,409
132,187
122,663
6,149
5,115
----------
-----------
140,743
132,187
-----------
-----------

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ST THOMAS INDIAN ORTHODOX CHURCH SUNDERLAND BALANCE SHEET AS AT 31 MARCH 2023

NOTES
2023 2022
TANGIBLE FIXED ASSETS 157,400 157,126
CURRENT ASSETS
Cash at Bank and in hand 24,837 20,380
Debtor (prepaid expense) -
 -
---------- ----------
NET CURRENT ASSETS 182,237 177,506
CURRENT LIABILITIES
(Amounts due within 12 months)
Creditors – (Accrued Expenses) 4,548 4,400
Creditor (Loan – Winlaton Church) - -
----------- ---------
TOTAL ASSETS LESS CURRENT LIABILITIES 177,689 173,106
LONGTERM LIABILITIES
Mortgage 36,946 40,919
---------- ----------
NET ASSETS 140,743
 132,187
===== ======
REPRESENTED BY:
INCOME FUNDS
Unrestricted Funds 140,743 132,187
====== ======

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ST THOMAS

INDIAN ORTHODOX CHURCH SUNDERLAND NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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

3) Travel
Vicars Expenses
Bishop Expenses
Other Remuneration
Rent – Church
Water Rates
Repairs & Maintenance
Building Insurance
Light & Heat
Sundry & Refreshments

Loan Charges
Bank Charges

Donations
Stationery
Broadband
Depreciation



EMPLOYEES
Vicars Expenses		 2023
1,275
6,729
500
-
-
304
9,886
610
2,442
4,048
1,311

99
2,780
-
426
840
---------
31,250
======
6,729
=====		 2022
1,150
7,500
-
-
-
188
4,765
588
2,340
-
1,341
20
2,687
252
418
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 2023

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

TANGIBLE FIXED ASSETS
2023 2022
The charity has material fixed assets.
Premises 152,640 152,640
Fixtures, Fittings & Equipment 4,760 4,486
---------- ----------
157,400 157,126

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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