ST THOMAS INDIAN ORTHODOX CHURCH SUNDERLAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ZAK RTIFIF.D A ON TF.RR JESMOND ARTER NE21
IA INDIAN O T140DOX RCII SUNDERLAND 'I-ATE1LN7'S Troll I'IIL YLAII ENDLD I MARCkl 2 Fl PA i) Trustee5 Report 2) Independeni Examiners Report 3-6) Financial Sthlements And Noies
ST THOMA5 INI)IAN ()RTII()I)() IR INI)F.RI,A i) FIiYAf*CIAL ST A TLi¥lb.NT5 Troll '1'IIL Y F.AII I:NI)F.D IMAR 112U24 TRII TEF." ANNL'.pKL RV.I)ORT Cliarits N&n)e.. Indian Orfhodox Cliurcli Sundcrlniid chari. Rebi No., 1127767 Principal Addrcss of Charity.. - ?b Si 13uT%'an Crescent Neii'casile upon T>'ne NE5 JXF ()iLIF.CT% OTr THF. CHARST The chari¢) s objects are to proi'ide a culiural religious and socio-Teligious base for the Indian Orthodox Communit> in Ihe SunderlHnd, Tyne & W¢ar orea. NAMES OF TRII The trustee of the charity is as follows'.- Mr Biju Var8hese The Nsiees are ¢leeied in open general meetings ond coniinue in office until.. - their death or their re5ignaiion ot 8re deselecied in open general meeiin8. IVITIES HIEVEMEN Thc charity has coniinu¢d in its objective5 Stated above by pmviding an open and ¢Asy and free mean$ for the lrtdian Onhodox community in ihe area 10 engage in their religiou5 and ¢ulbJral heritage. The trustees have continued io adopt o prudeni and Tational basi5 for the inv¢sthi¢ni of the charity funds with reserves being MaInlned at a high level. The trustees have i&ken no risks with the a55ets of the chariry hav¢ been entrusted upon them. DE ARATION I declare in my capacity of chariry tNsi¢¢ that the t51¢¢$ hAve approved the Above report and have authorised rne to sign li on their behalf.
F.P T I'll IIF. I'HVSTF.E" AND MI1E7{5 OF IITIIUDO -IILIIICI I SUNI)r.IlLAND UNI'S I'III,- I I.:AII LNI)I.-I)JI lAIl(lI 2U24 Res ¢lli'¢ rc Oll51bllill¢s of tr1151c¢J And rxjniliicr Th¢ ¢liariry'E Inisl¢¢S Thrc rrsponsilile li)I' Ilie prcpurniii)11 ofilic nccoiii)Is, 'fhc cliArily consider4 1hnl an indepciideni c%aiEiinttii()n is Iiccdcd. It is n)!, rcsponsibilit), to.. eNthniine ihc o¢eounis {und¢r section 43(3)Inl of the Act)., 10 folloii ihc pro<cduTC5 laid do In ihc Geiicrlll Dircction5 given by the Charity conimis5ioiiers {under setlion 43 (7Xbl of the Act): and io sia¢c he¢her paff icular mailers have come to my ptl¢ntion. B851S f lrtdt ndenl examlntr's stalcmeni Mv examination was caTTied oui in ac¢ordance with General Directions given by the Charity Commissioners. An cxaminaiion include5 a review of ihe accouniing Tecords kept by th¢ charity and a comparison of th¢ accounts presenied ii'ith those records. li also includes con5ideraiion of any unusual iiems or disclosures in the accounis, seekin&7 explanalions from ihe mistees concerning any such matters. The procedurcs undertaken do noi provide all ihe evidence ¢hal would be required in an audit. and consequentlN I do not expTe5s an audii opinion on the ac¢ounis. endenl exArniner'$ siaiement In conneclion with my examination. no maller ha5 COTn¢ to my arteniion which gives me relsonable cause lo believe thai in any mat¢rial respecl the requÉrem¢nts: lo keep accouniing records in accordance with section 41 of the 1993 Acl; and io prepare accounts which accord with the ac¢oun¢in8 records and comply with the aceouniing requirements of th¢ Act have not been md: or (2) to V4'hich. in my opinion, allentioD $hould be dTawn in order io enable o proper understanding of the accounts to be reached. 6 Hutttsn Terr*ce Jesrnond Pi¢wc8sile NF. CHARTERED CERTIFIED ACC UNTANTS
IA DI DEKLA IE TIVITI Tr. TIIF. YEAR F.NI)FD IMA H 2024 C)NIIi%C: Rb.SOUKCTr; NOT Unreylrlcled Funds Z024 2023 Ineomin Resourcts DoDaiion5 Offerings Subscriptions Other Operating Income Bank Interest 24,278 6,587 20.205 10.980 2,497 20,180 Total Incomin Re50urees 51,070 33,657 RESOURCES EXPENDED Costs of ACt]lI]eS for Char2Table Objeciives 12bi) 31,701 31,250 Total Resourc¢5 E ended 31.701 31,250 Net Moi'erneni lo Fund5 19.369 2,407 Total Funds Brou ht Forward 140,743 132,187 HMRC- Refund 7,845 6,149 Tot81 Fund5 Carried Forwar 167.956 140.743
)D DE 11202 Al. All T4NGIB FIXED ET 156,686 137,400 IRR Ch ai Bank and in hand Debtor (prcpaid expense) 47,975 24,837 NET 204,661 182.237 CIIRRENT LIABILITIES Arnounts du¢ within 12 mon Crtdiiors- IAccNed Expenses) 4,502 4,548 Crediior (Loan- Winlaion Church) TOTAL ASSETS LESS CURRF.P4T L ABILITIE 200,159 177,689 LO TERM LI Mon888e 32,202 36,946 NET ASSET 167,957 140,743 RF.PRFSENTF.J) BY: IPC(IMF. FUNDS Unre5tri¢d Fund¥ 167,957 140,743
T THOMAS DIAN OIITIIOI)O i-o 111,411CII 2024 -11 SIINI)I,:KLAf4D INTING I. LICIE (A) BI is of ouniln lTrese accounls have been prepared in accordAnce with uccounling stondords and Accouniing and Reportillg by Charities Slaleincnt of Recommended Pra¢liee {SORP 20001 And Il)e Chariiies Act 1993 e.¥ccpi ilint provision for depreciation of land and buildiiig5 has nol bcen provided in accordnnce with nolc 5 to thc financial slat¢menls. (b) Chan t In B9515 These are the firsi financial siaiemcn15 and are preparcd under the accrua15 rn¢thod. As a cons¢quence of the above the balancc sh¢ei has had lo be constThcied. 2) EXPEiYDIT RE (a) Ftts for Ex8minin the Aetounts No fees have bc¢n charged for examining tb¢5e accounis. (b) Anal '5is of Resource5 Ex ected Costs of Activilie5 In Furtherance of the Charit .5 Ob ectlves 2024 2023 Travel Vicars Expenses Bsshop Expenses Other Remuneraiion Rent- Church 'aieT Rat¢5 Repairs & Maini¢nance Building Insurance Light & Heat Sundry & Refreshm¢llts Loan Charges Bank Charges Donaiion5 slionery Broadband Depreciation 878 7,450 500 1,587 1,275 6.729 500 369 7.045 604 1,878 7,830 1.290 99 670 370 417 714 304 9,886 610 2,442 4,048 99 2.780 426 840 31,701 31.250 3) Vicars Expenses 7,450 6.729 All of the Charity's ernploy¢¢s were engaged in acliviii¢5 in fynherance of ihe ¢harlty'S obJilv•S namely ¢¢a¢hin8 And r¢ligiou8 dutie5.
ST TIIOMA INDIAN ORTIIODOX 11[IRClI SllYI)r.Rl.AND NUTF.5 TO TrII.IPCIAL 'I'..II'F.MF.I'I'S I.-VR'I-IIL YEAR ENDED JI IIARC712024 4) TRIISTF.F.S AND THF.R RF.LATF.D I)ARTIES No pa)'mcnis Ive i)iadc lo irnsiecs or oiher relulcd parties for r¢imbur5erncni of out of pocket eNpcnses incuTred b> Ih¢m. I'licrc ii'ere no Telaicd pJrt)' Iran5UCIIO115 during Ihc year, TANC>lHLE FIXF.D A55ETS 2024 2023 The charity has material fixed asseis. Premises FixDJres. Fittings & Eqvipmen¢ 152.640 4.046 152,640 4,760 156.686 157,400 6) ONTINC, LIABILI All maierial liabiliti¢5 Ihai existed ai the y¢ar-end. have been included in the balance sheet. 7) DECLARATIOYS (A) ChHn ein Yeor End The rrusiee5 have noi changed ihe year-end dale neither the lenyh of ihe chariry, financial year. (b) n8ted Fu The charity does noi hav¢ any designated funds. (cl DSsrontirtued ntlnuln ndA All ¢he ¢hariiies op¢ralions are coniinuin8 operations and there were no op¢rition5 disconlinucd or 8cquired durin8 (he year. Idl nltengbl rHIs The charity had no assets at ihe balaThee sheei dated classed 09 inalienable or hisioric. (e) Intan ible Asset$ The charity has no intangible assets. Subsldi• The chwity has no subsidiary Comples. Ig) UncA it8llsed Flied Assets The chority has no material fixed assets. which hove not been copilali5ed and includcd on the balance sheet.