St Thomas Indian Orthodox Church Sunderland Charity No. 1150827 Financial Statements For The year Ended 31 March 2025
Razak & Co Chartered Certified Accountants 6 Hutton Terrace Jesmond Newcastle upon Tyne Tyne & Wear NE2 1QT
St Thomas Indian Orthodox Church Sunderland Financial Statements For The year Ended 31 March 2025
Contents
| Page | |
|---|---|
| Trustees Report | 1 |
| Independent Examiners Report | 2 |
| Financial Statements and Notes | 3-6 |
St Thomas Indian Orthodox Church Sunderland Financial Statements For The year Ended 31 March 2025
Trustees Annual Report
Charity Name:
St Thomas Iindian Orthodox Church Sunderland
Principal Address of Charity:
Church address:
26 St Buryan Crescent Newcastle upon Tyne NE5 3XF Front Street, Winlation Blaydon, NE21 4RF
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 Newcastle upon Tyne, Tyne & Wear area.
Names of the Trustees
The trustees of the charity are as follows:
Mr Biju Varghese
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 chairperson that the trustees have approved the above report and have authorised me to sign it on their behalf.
…................................. Mr Biju Varghese 28 October 2025
1
Report to the Trustees and Members of St Thomas Indian Orthodox Church Sunderland on the Financial Statements For The year Ended 31 March 2025
Respective Responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is our responsibility to:
(i) examine the accounts under section 145 of the 2011 Act
(ii) to follow the procedures laid down in the general Directions given by the commision under section 145(5)(b) of the 2011 Act
(iii) to state whether particular matters have come to our attention
Basis of Independent Examiner's Statement
Our examination was carried out in accordance with general Directions given by the Charity Commission. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those set out in the next statement.
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:
(i) to keep accounting records in accordance with section 130 of the 2011 Act and
(ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 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
…............................... Razak & Co Chartered Certified Accountants 6 Hutton Terrace Newcastle upon Tyne Tyne & Wear NE2 1QT
28 October 2025
2
St Thomas Indian Orthodox Church Sunderland Accounting Statement Statement of Financial Activities for the year ended 31 March 2025
Income Resources
| Notes Incoming Resources Donations Offerings Subscriptions Hmrc - Refund Total Incoming Resources Resources Expended Costs of Activities for Charitable Objectives (2bii) Total Resources Expended Net Movement in Funds |
2025 2024 £ £ 28,346 24,279 12,196 6,587 22,462 20,205 11,318 7,845 74,322 58,916 56,549 31,701 56,549 31,701 17,773 27,215 Unrestricted Funds |
2025 2024 £ £ 28,346 24,279 12,196 6,587 22,462 20,205 11,318 7,845 74,322 58,916 56,549 31,701 56,549 31,701 17,773 27,215 Unrestricted Funds |
|---|---|---|
| 58,916 | ||
| 31,701 | ||
| 31,701 | ||
| 27,215 |
3
St Thomas Indian Orthodox Church Sunderland Balance Sheet as at 31 March 2025
| Notes Fixed assets Equipment, machinery and motor vehicles 6 Freehold property Current assets Cash at bank and in hand Cash in hand Current liabilities Creditors - (Accrued Expenses) Net current assets Loans due after more than one year Net assets Represented By: Income Funds Unrestricted Funds Funds brought forward Surplus for the year |
26,542 - |
2025 £ 3,438 186,920 190,358 26,542 (31,170) 185,730 167,957 17,773 185,730 |
45,254 2,722 |
2024 £ 4,045 152,640 |
|---|---|---|---|---|
| 156,685 43,474 (32,202) |
||||
| 26,542 | 47,976 | |||
| - | 4,502 | |||
| 167,957 | ||||
| 140,742 27,215 |
||||
| 167,957 |
4
St Thomas Indian Orthodox Church Sunderland Notes to the Financial Statements for the year ended 31 March 2025
1 Accounting policies
(a) Basis of accounting
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charity Act 2011.
2 Expenditure
(a) Fees for examining the accounts
No fees have been charged for examining these accounts.
(b) Analysis of resources expended
(i) Charitable expenditure
| 2025 £ Cost of activities in furtherance of the Charity's objectives Bank charges 93 Light and heat 2,650 Interest 5,073 Stationery and printing 3,156 Repairs and maintenance 1,283 Water rates 1,262 Bishop expense 500 Charity donations 1,675 Rev Achen 4,950 Vicar expense 10,100 Travel and subsistence 1,402 Telephone and internet 429 Other insurance costs 707 Depreciation 607 Other expenses 22,662 56,549 |
2024 £ 99 1,878 1,290 370 7,045 369 500 670 1,587 7,450 878 417 604 714 7,830 |
|---|---|
| 31,701 |
(ii) Cost of activities in furtherance of the Charity's objectives
3 Employees
All of the charity’s employees were engaged in activities in furtherance of the charity’s objectives namely teaching and religious duties.
3 Trustees and other related parties
5
St Thomas Indian Orthodox Church Sunderland Notes to the Financial Statements for the year ended 31 March 2025
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.
4 Contingent liabilities
All material liabilities that existed at the year-end, have been included in the balance sheet.
6
St Thomas Indian Orthodox Church Sunderland Notes to the Financial Statements for the year ended 31 March 2025
5 Declaration
(a) Charges in year end
The trustees have established 31 March as the financial year end date.
(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 has 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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