# **ST. JOHN COPTIC ORTHODOX CHURCH BROMLEY** **TRUSTEES’ REPORT AND FINANCIAL STATEMENTS** **YEAR ENDED 31[st] DECEMBER 2023** ## **ST. JOHN COPTIC ORTHODOX CHURCH BROMLEY** NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31st DECEMBER 2023 ## **CONTENTS** ||**PAGE**| |---|---| |CONTENTS|1| |CHARITY INFORMATION|2| |TRUSTEES REPORT|3| |STATEMENT OF FINANCIAL ACTIVITIES|4| |BALANCE SHEET|5| |EXPENDITURE|6-7| |NOTES|8| P a g e 1 S T J O H N C O P T I C C H U R C H ## **ST. JOHN COPTIC ORTHODOX CHURCH Bromley** ## Charity Information For the Year Ended 31[st] December 2023 |**TRUSTEES**|{1}|His Grace Bishop Antony (Chair)| |---|---|---| ||{2}|Rev. Father Antonius Awadalla| ||{3}|DR. Mamdouh Samy Massoud (Current secretary)| ||{4}|Dr. Naguib Guirgis (Current Treasurer)| ||{5}|Mr Youhanna Kamel| ||{6}|Mr Julian Francis| ||{7}|Dr. Peter Georgy| ||{8}|Dr Zoser F Boulis (Secretary until retired in May 2023)| ||{9}|Dr Mekhaeil M Samaan (Treasurer until he died in November 2023)| |**SECRETARY**||Dr. Mamdouh Samy Massoud (currently and since May 2023)| |**TREASURER**||Dr. Naguib Guirgis (currently and since November 2023)| |**CHARITY NUMBER**||1129949| |**Date of Registration**||27 December 2008| |**BANKERS**|{1}|Natwest Bank| |||Western Avenue| |||Waterside Court| |||Maritime| |||Chatham| |||ME4 4RT| ||{2}|LLoyds Bank| |||Bromley (308451) Branch| |||Lloyds Bank plc| |||PO Box 1000| |||BX1 1LT| ||{3}|Santander Bank| |||Customer Service Centre| |||Bootle| |||Merseyside| |||L30 4GB| P a g e 2 S T J O H N C O P T I C C H U R C H ## **ST. JOHN COPTIC ORTHODOX CHURCH Bromley** ## **TRUSTEES REPORT FOR THE PERIOD ENDED 31[st] DECEMBER 2023** The trustees present their report and accounts for the period ended 31st December 2023 ## **Trustees** The trustees named on page 2 have served throughout the period Appointment of Trustees is governed by the Trust Deed of the charity The Board of Trustees is Authorized to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. ## **Investment Powers** The Trust Deed authorizes the trustees to make and hold investments using the general funds of the charity. ## **Constitution, Objects and Policies** Trust Deed constitutes the Charitable Trust, and its objects are to provide worship for believers of the Coptic Orthodox Faith. The policy of the Charitable Trust continues to be the provision of additional finance in order that its objects stated above might be further achieved. ## **Development, Activities and Achievements** Due to the continuous increase in congregational members, we have found a bigger site and therefore our church charity sold the church site, 11 Dunbar Avenue, Beckenham BR3 3RG property on 29th September 2023 for £1.635,000 and on the same day bought Wickham court, West Wickham, Kent BR4 9HW for £1,600,000 The new site is a much bigger listed Grade 1 building (600 years old), which requires extensive repairs, update and maintenance. The work started already soon after the completion of the purchase and continuing. The charity also owns a house (donated by a church member) The church's income has increased over the years, reflecting the growing number of congregants. The charity trustees and the church council members made a decision in January 2023 to convert the church charity to a CIO and name it as “St Mary & St John Coptic Orthodox Church and Centre” and instructed a solicitor to explore the steps and prepare the documentations but to complete the transformation only following the purchase of the new site. The church runs various spiritual and sports activities, including football, volleyball, and ping pong. We also organize Arabic & Coptic languages lessons, music classes, and Coptic classes. Join churches together in Bromley. We are teaching the deacons, and their numbers have continued to increase dramatically over the years. ## **Financial Review** The financial position of the charity is considered most satisfactory this year. ## **Future Plans** The church has managed to start a major repair in the new church site including the roof and installing a new Heating system to the church and to the hall, security alarm, repair and refurbish the building and fabrics ## **Statement of Trustees Responsibilities** The trustees are required under the constitution of the charity to prepare financial Statements for each financial year, which give a true and fair view of the state of affairs of the charity and of its results for that period. In preparing those financial statements: - the trustees are required to: - (a) Select suitable accounting policies and apply them consistently. - (b) Make judgments and estimated that are reasonable and prudent. - (c) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in business. The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Approval** The trustees approved this report on ………………………..and signed on their behalf, Dr Naguib Guirgis , Trustee & Treasurer Dr. Mamdouh Samy Massoud , Trustee & Secretary P a g e 3 S T J O H N C O P T I C C H U R C H ## **ST. JOHN COPTIC ORTHODOX CHURCH Bromley** ## **Statement of Financial Activities for the Year Ended 31st Dec 23** |Note.
**INCOMING RESOURCES**
Sales/Donation
Sunday Credit
Gift Aids Recovered
Interest Receivable
Parking
**Total Incoming Resources**
**RESOURCES EXPENDED**
**Charitable expenditure**
Management and administration of the charity
1
**Total Resources Used**
Net Movement in Funds for the period
**RECONCILIATION OF FUNDS**
Total funds brought forward 31/12/2022
**TOTAL FUNDS CARRIED FORWARD**
**31/12/2023**|Unrestricted
Restricted Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
£
£
£
£
1019875
0
1019875
176799
1870
0
1870
0
36247
0
36247
0
552
0
552
12
0
0
0
7,650
**1,058,544**
**0**
**1,058,544**
**184,461**
129,585
0
129585
41,658
**129,585**
0
129585
**41,658**
928,959
0
928959
142,803
1,617,053
0
1617053
1,174,250| |---|---| ||**2,546,013**
0
2546013
**1,617,053**| P a g e 4 S T J O H N C O P T I C C H U R C H ## **ST. JOHN COPTIC ORTHODOX CHURCH Bromley** ## **BALANCE SHEET AS AT 31ST DECEMBER 2023** |Note
**Fixed Assets**
Tangible Assets
2
Free hold Property
Sale/buy new Property
**CURRENT ASSETS**
Debtors
Cash at bank
**Total Assets**
**CURRENT LIABILITIES**
Trade Creditors
Total Current Liabilities
NET ASSETS
**Funds**
Unrestricted Funds
**Total Funds**
This financial statements were approved and authorised for issue on …................
the Trustees by
......................
Trustee|31.12.23
£
5175
1032813
867187
0
640,838
**2,546,013**
0
0
2,546,013
2,546,013
**2,546,013**
. and signed on behalf of|31.12.22
£
6900
1032813
0
577,341| |---|---|---| |||**1,617,053**| |||0| |||0| |||| |||1,617,053| |||1,617,053| |||**1,617,053**| |||| P a g e 5 S T J O H N C O P T I C C H U R C H ## **ST. JOHN COPTIC ORTHODOX CHURCH Bromley** ## **NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31ST DECEMBER 2023** ## **1. Charitable Expenditure** |**Management & Administration of Charity**
**Priest Accommodation, Salaries & Expenses**
Clergy Living expense
Motor & Travelling Expense
Car Depreciation
**Church Expenses**
Rates and water
House light & Heat
Telephone Bill
Premises Insurance
Stationery & postage
Repairs & Renewal
Legal & Professional Fees
Sundries
Charitable donation
Sunday school expenses
**Administration Costs**
Bank Charge
**Net Movement in Funds**|2023
£
8,977
2,184
1725|12886
116538
161|2022
£
10600
10194
0|20794
20706
158| |---|---|---|---|---| ||465
12451
490
14,766
36
6,302
62,899
13,495
3,120
2,514||1239
6622
504
2,190
0
1,542
520
1,313
3,120
3,656|| ||161||158|| |||||| |||129,585||41,658| P a g e 6 S T J O H N C O P T I C C H U R C H ## **ST. JOHN COPTIC ORTHODOX CHURCH Bromley** |**2. Tangible Assets**
**Cost**
At 6 April 2022
Addtions
**At 5 April 2023**
**Depreciation**
At 6 April 2022
Charge for the year
**At 5 April 2023**
**Net Book Value**
**At 5 April 2023**
**At 5 April 2022**|**Free Hold**
**Motor**
**Totals**
**Property**
**Vehicles**
**£**
**£**
**£**
1032813
6900
739,713
867187
0
867,187| |---|---| ||1900000
6900
1906900| ||0
1725
1,725
0
0
0| ||0
1,725
1,725| ||1,900,000
5,175 1,905,175| ||1,900,000
6,900 1,906,900| P a g e 7 S T J O H N C O P T I C C H U R C H ## **ST. JOHN COPTIC ORTHODOX CHURCH Bromley** ## **Year ended 31[st] December 2023** ## **Accounting Policies** ## **Basis of Preparation of Accounts** The accounts are prepared under the historical cost convention and include the results of the charity’s operations. The accounts have been prepared accordance with the Statement of Recommended practice for Charity Accounts. The charity has taken advantage of the exemption to produce a cash flow statement on the ground that it qualifies as a small charity. ## **Income** Voluntary income and donation are accounted for as received by the charity. ## **Management and Administration Expenditure** Expenditure on management and administration of the charity includes all expenditure. not directly related to the charitable activity. Members of the church council who served during this period are stated below. ## **TRUSTEES** - {1} His Grace Bishop Antony (Chair) - {2} Rev. Father Antonius Awadalla - {3} DR. Mamdouh Samy Massoud (Current secretary) - {4} Dr. Naguib Guirgis (Current Treasurer) - {5} Mr Youhanna Kamel - {6} Mr Julian Francis - {7} Dr. Peter Georgy - {8} Dr Zoser F Boulis (Secretary until retired in May 2023) {9} Dr Mekhaeil M Samaan (Treasurer until he died in November 2023) Mahir Tawfig FMAAT P a g e 8 S T J O H N C O P T I C C H U R C H