Registered Charity Number: 1138357 COPTS IN NEED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 COPTS IN NEED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE INFORMATION Registered Charlty Number: 1138357 Address.. 14 Duke of Wellington Gardens Billingham Cleveland TS22 5FY Trustees.. Dr Awad Ibrahim Awad Dr Joseph Maximou5 Dr Magdy Abdalla Dr Maryse Louis Prof Amir Michael Dr Robert George Mr Samer Daoud Bankers: HSBC Bank plc 19 Prlnces Street Knutsford Cheshire WA16 6BZ Independent examiner: Mr G Fitzgerald BA, FCA, DChA Azet5 Audit Services Wynyard House Wynyard Park Avenue Wynyard TS22 5TB Contents Pc¥ge Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Statement of changes in Equity Notes to the Financial Statements 8-11 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees have pleasure in presenting their Report along with the Financial Statements of Copts In Need charity for the year ended 31st March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charit¢s trust deed, the Charities Act 2011 and Accountlng and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard FRS 102. Structure• governance and management The charity was registered on Ilth October 2010 and is constltuted under a trust deed dated 12th September 2010. It is registered under charity number 1138357. The following were appointed trustees on the date of registratlon, Ilth October 2010, unless otherwise stated and served throughout the period to 31st March 2025. Dr Awad Ibrahim Awad Chairman Dr Joseph Maximous Secretary and finance director Dr Magdy Abdalla Promotion Dr Robert George Marketing & Promotion Prof Amir Michael Finance & Governance Mrsamer Daoud Information Technology Dr Maryse Louis Fundraising & NGOS Objectives and artivitles Copts In Need is a humanitarian charity based upon Christian beliefs and values. It is dedicated to the reduction of extreme poverty, sickness and distress among some of the poorest people in, but not restricted to, Egypt. Our main activities are directed towards providing safe, long-lasting shelters supplied with water, electricity and sanitation. Copt5 In Need is committed to providing food, health and education. We aim to empower individuals by creating employment opportunities. We aim to achieve major improvement In the lives of those people who are living in extreme poverty and help them realise their Fundamental Human Rights to food, health and education in addition to a life of dignity. Achievements and Performance Copts In Need has grown steadily since it was founded in October 2010. Our trustees and members, along with our teams on the groLJnd, have worked hard for the charity to grow and achieve its objectives. Year on year we have continued to increase the number5 of active members and supporters and this year is no exception; we have run two successful annual events in Manchester and London in September 2024. During the financial year ending 31st March 2025, we have commissioned and completed 200 new houses and 50 roofs and since then we have additionally commissioned another 50 new houses and roofs. Additionally, we have expanded our micro-financing projects to include Samalout, Abnoub, Sohag and El- Balyana, in addition to Tahta. To date your donations have supported 407 members of our communities to start their own businesses. The financing amount ranges from £100 to £700 per project, depending on the project our default rate of the monthly repayments is less than 1%. The Eyes of Assiut hospital has continued to be a referral and a treating centre for all Egyptians within Assiut and its peripheries. Financlal ￿VIeW During the period, the charity raised £384148 in funds from a number of generous corporate and individual donors and expended £185621 on its charitable and fundraislng activities. Reserves policy The charity will continue to build up its reserves so that it can effectively fund its objectives and activities as set out above. No limits were set for fund5 at the bank. Reserves will be consumed by the charity's plans for future periods. Plans forfuture periods Plans for the future will be dlrected towards ensuring that funds continue to grow along wlth our membership. We will continue funding micro finance projerts in the region of £IOO,000 - £150,000. Additionally, we are planning to handover the commissioned houses and roofs to the beneficiaries and commission new houses and roof projects. CIN is planning to start a new service in providing financial support to cancer patients in Egypt to help them meeting their treatment and living expensed due being serious illne55 and also CIN started a 'Child Development Programme CDP, in September 2022. Trustees. responsibilities for the financial statements The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom (UK) Accounting Standards {United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees 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 the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently; Observe the methods and prlnciples in the Charities SORP October 2019 {FRS 102); Make judgements and estimates that are reasonable and prudent; State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. Prepare the flnancial statements on the going concern basis unless it is inappropriate to presume that the cha rity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 irregularitie5. Public benefit Duringthe period, the trustees have had regard to the public benefit guidance issued by the Charity Commission. They believe that, in fulfilling the charity's primary objectives, it 15 delivering help to those in need of food, safe shelter, clean drinking water, healthcare, education and employment opportunities in Egypt. The organisation is therefore meeting its obligations under the public benefrt guidance. Approved by the Trustees and signed on its behalf by: Dr Joseph Maximous Trustee & Secretary Date: 14.01.2026 COPTS IN NEED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COPTS IN NEED I report on the accounts of the charity for the year ended 31st March 2025 which are set out on pages 5tolO. Respective responslbilitie5 of trustees and examiner As the charit¢s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'}. I report in respett of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Direttions given by the Charity Commission under section 145(51(b) of the Act. Independent examiner's statement Since the charity's gros5 income exceeded £250,000 your examiner must be a member of a body listed In section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examlnation. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: l. accounting records were not kept in respect of the charlty as required by section 130 of the 2. the accounts do not accord with those records," or 3. the accounts do not comply with the appllcable requirements concernlng the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an Independent examination. I have no concern5 and have come across no other matters in connettion with the examination to which attention should be drawn In this report in order to enable a proper understanding of the accounts to be reached. Mr G Fitzgerald BA, FCA, DChA Azets Audit Services Wynyard House Wynyard Park Avenue Wynyard TS22 5TB I9111￿1& COPTS IN NEED Statement of Financial Activities For the Year Ended 31 March 2025 Total Total Restated 2024 Unrestricted Restricted Funds Funds Note 2025 INCOME Income from Donations and Legacies Bank interest 349280 349280 355285 34868 34868 22701 TOTAL INCOMING RESOURCES 384148 384148 377986 EXPENDITURE Expenditure on raisingfunds." Fundraising events 17029 17029 13384 Expenditure on charitoble activities Cost5 of main activity 168592 168592 342392 TOTAL EXPENDITURE 185621 185621 355776 Net Incoming Resources 198527 198527 22210 Balances brought fonvard 782301 782301 760091 Balances carried forward 980828 980828 782301 The charity has no recognlsed gains or losses other than the results for the year Set out above. All of the activitie5 of the charity are classed as continuing. COPTS IN NEED Balance Sheet at 31 March 2025 Note 2025 2024 (restated) CURRENT ASSETS Cash at bank Gift Aid Debtor Prepayments and accrued income 917462 56039 9721 734709 47363 2533 983222 784605 CURRENT LIABILITIES Creditors- amounts falling due within one year.. Accruals (2394) (2304) NET CURREwfASSErs 980828 782301 NEf ASSErs 980828 782301 REPRESENTED BY: FUNDS: Unrestricted 980828 782301 980828 782301 Approved bythe Trustees on 12th January 2026 and signed on their behalf by: Dr Awad Ibrahim Awad COPTS IN NEED Statement of Changes in Equity Unrestricted Total Balance at 1st April 2023 76CXJ91 766091 Year Ended 31° March 2024 Net Incoming resources as previously reported 64847 64847 Balance at 31 March 2024 (as previously reported) Prlor period adjustment (gift aid debtor) 824938 824938 (42637) (42637) Balance at 31" March 2024 (as amended) 782301 782301 Year Ended 31st March 2025 Net Incoming resources 198527 198527 At 31tt March 2025 980828 980828 COPTS IN NEED Notes to the Financial Statements For the Year Ended 31 March 2025 ACCOUNTING POLICIES a) Accounting Convention The financial statements are prepared in accordance with the charities governing document and "Accounting and Reporting by Charitles." Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {published in October 2019}" The charity is a public beneflt entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update bulletin I not to prepare a statement of Cash Flows. The financlal statements are prepared in sterlln& which is the functional currency of the charity. Monetary amounts in these financlal statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention modified to include certain items at fair value. The principal accounting policies are set out below. b) Fund Accountlng Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subject to restriction on their expenditure imposed by the donor although there were no restricted funds during the year. c) Incomlng Resources Income is accounted for on a receivable basis. Gifts are included at the point at which the charity is entitled to recelve them, usually the earlier of the notlfication or receipt. d) Resources Expended Resources expended are accounted for on an accruals basis. Grants and donations payable are charged in the year in which the offer is made unconditionally to the beneficiary. e) Golng Concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have consldered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. COPTS IN NEED Notes to the Financial Statements For the Year Ended 31 March 2025 ACCOUNTING POLICIES (contlnued) Judgements and key sources of estimation uncertalnty There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. The estimates and assumptions that could have a significant potential impact on the carrying values of assets and liabilities are as follows: Estimate of the amount5 due from HMRC in respect of Gift Aid claims. The directors have included an estimate of the claim for 2024/2025 and believe this to be materially correct. g) Financial Instrument5 Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. EXPENDITURE ON FUNDRAISING AcrivrriES 2025 2024 Fundraising Events 17029 13384 17029 13384 EXPENDITURE ON CHARITABLE AcfiviTIES 2025 2024 Gifts and donations Bank charges Independent Examlnerfs fees 165774 424 2394 339367 721 2304 168592 342392 COPTS IN NEED Notes to the Financial Statements For the Year Ended 31 March 2025 STAFF COSTSAND NUMBERS The charity has no paid ernployees. None of the charitvs trustees received any remuneration or reimbursed expenses during the year. PRIOR PERIOD ADJUSTMENT A prior period error was identified in relation to the provision of a Gift Aid Debtor which was overstated in the year to 31st March 2024. The comparative figures have been restated st and opening unrestricted funds at l April 2024 have been reduced by £42637 ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS 2025 Unrestricted Funds Restricted Funds Total Funds Net Current Assets 980828 980828 2024 (restated) Unrestricted Fund5 Restricted Funds Totsl Funds Net Current Assets 782301 782301 io COPTS IN NEED Notes to the Financial Statements For the Year Ended 31 March 2025 MOVEMENT IN FUNDS At 1° Incoming Outgoing Aprll Resources Resources 2024 At 31st March 2025 Unrestritted Funds 782301 384148 (185621) 980828 At I" Incomlng Outgolng April Resources Resour Z023 At 31st March 2024 Unrestritted Funds {as restated) 766091 377986 (361776) 782301 TAXATION Copts in Need is a charity and is exempt from corporation tax on its charitable activities. li