## **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**
- **1)** Trustees Report
- **2)** Independent Examiners Report
- **3-6)** Financial Statements and Notes
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
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ChaTiI)' N.qnie.' - Indian Ortliodox Church Siinderland
C.haril>' Reg No.. 1127707
Priniipal Addrc5s of Charity.. -
?6 Si Buryan Cresceni
NecaStle 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 In1 hAve taken no rlsks with thg ¥J¢ts of th¢
hty 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 caled 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
-----------
-----------|
|---|---|
-3-
## **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|
||======|======|
-4-
## **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.
-5-
## **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.
-6-