Charity registration number: 1139302
DIOCESE OF THE INDIAN ORTHODOX CHURCH UK, EUROPE & AFRICA TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Thomas David Accountancy & Taxation Ltd
Diocese of the Indian Orthodox Church UK, Europe & Africa Contents
eee
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees’ Report | 2—3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7-11 |
| The following pages do not form part of the statutory accounts: | |
| DetailedStatementofFinancialActivities | 12—13 |
Diocese of the Indian Orthodox Church UK, Europe & Africa Reference and Administrative Details For The Year Ended 31 March 2025
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| Trustees | H.G.Abraham MarStephanos - President/Chair | |
|---|---|---|
| Rev Varghese T Mathew - Diocesan Secretary | ||
| Rev Binoy C Joshua - Council member | ||
| , | Rev Stanly David James - Council member | |
| Mr John Samuel - Council member | ||
| MrVinod Kochuparambil - Council member | ||
| Mr Johnson P Yohannan - Council member | ||
| Mr Libin Varghese - Council member | ||
| MrAbraham Kurian - Diocese Finance | ||
| Charity Number | 1139302 | |
| Principal Address | St Gregorios Indian Orthodox Church | |
| Cranfield Road | ||
| London | ||
| SE4 1UF | ||
| Independent Examiner | Thomas David FCCA | |
| Thomas David Accountancy & Taxation Ltd | ||
| 557 Filton Avenue | ||
| Bristol | ||
| BS7 0QH | ||
| Bankers | HSBC UK | |
| 65 High Street | ||
| Ruislip | ||
| Middlesex | ||
| HA48JE |
Page 1
Diocese of the Indian Orthodox Church UK, Europe & Africa Trustees' Report For The Year Ended 31 March 2025 eee
The trustees present their report and the financial statements for the year ended 31 March 2025.
Objectives and Activities
Aims and Objectives
The Indian Orthodox Church, also known as the Malankara Orthodox Syrian Church is an Autocephalous Oriental Orthodox Church with its central office in the Indian state of Kerala. The IOC is autonomous church and headed by the Catholicose. Its present primate is Baselios Mar Thoma Mathews III, Catholicose of the East. The structure of Indian Orthodox Church is also episcopal polity. Churches in UK, Europe and African Diocese are currently under pastoral care of the diocesan bishop. Rev Abraham Mar Stephanos, who is the chairperson of the charity. Trustees are the diocesan council members. Risks are mitigated by a careful evaluation and budgeting of the income and expenditure at the start of the financial year. Misuse of funds is safeguarded by strict adherence to the rules and regulations by all the trustées.
The Charity's objects are to provide for the following of the doctrines and beliefs of the Indian Orthodox religion and to provide and maintain places of worship and devotion for the Indian Orthodox community in United Kingdom, Ireland and elsewhere in the World and for instruction in the faith of the Church, in its tradition, history, in accordance with the Apostolic and ancient traditions of the Indian Orthodox Church propagate Christianity in accordance with the objectives and tenets of the Indian Orthodox Church, to provide for religious, educational and cultural activities of special groups like women, youth and children and to promote and carry out service activities for the benefit of the wider community and society.
The Orthodox mission upholds 2000 years of tradition in establishing the Kingdom of God on earth, bearing in mind that the whole of humanity should be united in the building up of the Kingdom of God. The faithful are both communally and individually a part of the mission to grow the One, Holy, Catholic, and Apostolic Church. The Diocese of UK-Europe and Africa, registered with the UK Charity Commission (Registration Number 1139302) caters to the religious needs of its members in accordance with the Apostolic and ancient traditions of the Malankara Orthodox Syrian Church, subject to the authority of the Holy Episcopal Synod.
This is made possible by catering to the spiritual needs of the Orthodox faithful who have migrated and continue to migrate to Diocese, through the provision of accessible pastoral services and Church facilities. The Diocese also ensures to address the needs of the younger generation in their journey to integrate within a multicultural and multifaith society, while upholding the faith, traditions, language and cultural practices of our ancestors. We endeavour to extend the spirit of Christian fraternity and bilateral relationships to all sections of the local and wider community through dialogue and outreach. The Diocese of UK Europe and Africa continues its journey in striving to be relevant through God's love, hope, and mercy. We are committed to growth and development in spiritual, academic, and ecumenical fields, while always emphasizing the value of sacramental family life.
Significant Activities
The Diocesan general body met twice during 2024-2025. The Annual General Body Meeting of the Diocese for 2024 was held on 06 May 2024 at Hemel Hempstead, hosted by St. Thomas IOC Hemel Hempstead. The Half Yearly General Body Meeting on 30 November 2024 at Leicester, hosted by St. George IOC Leicester. Both meetings were presided by Diocesan Metropolitan H.E. Abraham Mar Stephanos.
During the report year, the Diocesan Council met seventeen times, including live as well as online meetings to discuss several strategies and ways forward. Some meetings included special guests for specific agendas. The term of the current Diocesan Council concludes in May 2028.
Diocesan Day was celebrated on the 15 September 2024 (first Sunday after the Feast of the Exaltation of the Holy Cross). Special prayers for the mission and growth of the Diocese were held at all Parishes
The Spiritual Organisations of the Diocese continue to serve as the backbone and lifeline of the activities of the Diocese. Activities of the Spiritual Organisations are tailored to cater to the spiritual empowerment and communal needs of all members of the Diocese, including Children, Youth, Men and Women.
he Diocese continues to engage with its members on several fronts to ensure continuous spiritual development through meaningful academic as well as counselling programmes. Maitri, the Diocese’s pioneering Charity project continues to benefit several deserving persons, with the aid of regular contributions from members as well as one-off donations from well-wishers
Page 2
Diocese of the Indian Orthodox Church UK, Europe & Africa Trustees’ Report (continued) For The Year Ended 31 March 2025
Public Banotit
The trustees of DIOCEUK have considered the commission’s guidance on public benefit in planning diocesan activities for the advancement of religion. The charity enables ordinary people to live out their faith as part of the Indian Orthodox Church, through the Holy Eucharist, learning about the Gospel and developing their knowledge and trust in Jesus Christ. Pastoral care is an integral part of the whole ministry of the Church. Having a great variety of expressions, it focuses appropriately on the needs of individuals and social groups within the Church and wider community, irrespective of religious and cultural barriers.
The trustees confirm that they have complied with the requiramente of Sectinn 17 nf the Charities Act 2011 tq have due regard to the Charity Commission's guidance on pubiic penerit.
Reserves
The Charity will maintain General Fund for meeting all the regular activities and for specific activities operates a Restricted Fund. Transfer between funds may be made according to the plans of the Charity. Retained surplus of the charity as on 31.03.2025 were at £685,208 (£513,835 as on 31.03.2024).
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The ees' & as approved by the board of trustees and signed on its behalf by:
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aad 4
Rev Varghese ¥ Mathew
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Diocesan Secretary 12/01/2026
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Independent Examiner'sDiocese ofReport the Indianto theOrthodoxTrustees Churchof DioceseUK, Europeof the &Indian AfricaOrthodox Church UK, Europe & Africa For The Year Ended 31 March 2025
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I report to the trustees on my examination of the accounts of Diocese of the Indian Orthodox Church UK, Europe & Africa (the Trust) for the year ended 31 March 2025.
Responsibilities and Basis of Report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
T report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
Since the Trust’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. 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:
- accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and contents 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 concerns and have come across no other matters in connection 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.
an
Thomas David FCCA
12/01/2026
557 Filton Avenue Bristol BS7 0QH
Page 4
Diocese of the Indian Orthodox Church UK, Europe & Africa Statement of Financial Activities For The Year Ended 31 March 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Restricted|Total|Unrestricted|
|funds|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM:|
|Donations|and|legacies|182,221|223,788|406,009|216,973|
|Investments|3|904|-|904|941|
|Other|4|108,796|-|108,796|-|
|291,921|223,788|515,709|217,914|
|EXPENDITURE|ON:|
|Raising|funds|(172,158)|(172,178)|(344,336)|(157,937)|
|Charitable|activities:|
|NET|INCOME|119,763|51,610|171,373|59,977|
|Transfers|between|funds|13|(490,050)|490,050|-|-|
|NET MOVEMENT|IN|FUNDS|(370,287)|541,660|171,373|59,977|
|RECONCILIATION|OF|FUNDS:|
|Total|funds|brought|forward|435,619|78,216|513,835|453,858|
|TOTAL|FUNDS CARRIED|FORWARD|13|65,332|619,876|685,208|513,835|
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The notes on pages 7 to 11 form part of these financial statements.
Page 5
Diocese of the Indian Orthodox Church UK, Europe & Africa Statement of Financial Position As At 31 March 2025
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, ES RIBS
Unrestricted Restricted Total Total
funds funds funds funds
Notes £E 3 £ £
FIXED ASSETS
Tangible Assets 7 29.072 ~ 29.072 445.733
29,072 - 29,072 445,733
CURRENT ASSETS
Debtors 8 13,466 - 13,466 :
Cash at bank and in hand $2,328 619,876 672,204 175,683
65,794 619,876 685,670 175,683
Creditors: Amounts Falling Due Within One Year 9 (7,701) : (7,701) -
NET CURRENT ASSETS (LIABILITIES) 58,093 619,876 677,969 175,683
aeerrrinerretiemnenstna=tainissantneeoases copes saree unaoraiun
TOTAL ASSETS LESS CURRENT LIABILITIES 87,165 619,876 707,041 621,416
Creditors: Amounts Falling Due After MoreThan One 10 (21,833) - (21,833) (107,581)
NET ASSETS 65,332 619,876 685,208 513,835
FUNDS OF THE CHARITY
Rest ried Funds Gi35,676 76,216
Unrestricted Funds 65,332 435,619
TOTAL FUNDS 13 685,208 513,835
SEE
On behalf of the boa
4Abrahath Mar Stephanos Rev ese Mathew FAbraham [ Kurlan]
President/Chair Diocese Secretary locese Finance
Dated:12/01/2026
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The notes on pages 7 to 11 form part of these financial statements.
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Diocese of the Indian Orthodox Church UK, Europe & Africa Notes to the Financial Statements For The Year Ended 31 March 2025
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1. General Information
Diocese of the Indian Orthodox Church Uk, Europe & Africa is an unincorporated charity registered with the Charity Commission, registered charity number 1139302. The principal address is St Gregorios Indian Orthodox Church, Cranfield Road, London, SE4 1UF.
- Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: 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) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
Sources of fund raising are from the parish churches under the diocese, from voluntary contributions and donation from the community and fundraising events. Direct debit payments are setup by members of the diocese towards the diocesan development which provides a consistent inflow of funds. During the year, the freehold property at Swindon was sold at £565,000 with an intention to use the net sale proceeds towards acquiring another larger property for using as Diocese Head Quarter. Our primary investment policy and objective is to acquire and maintain a Diocesan Headquarter as soon as possible.
2.3. Donated Goods and Services
Sources of fund raising are from the parish churches under the diocese, from voluntary contributions and donation from the community and fundraising events.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
:
| Freehold | Nil |
|---|---|
| Leasehold | Nil |
| Plant & Machinery | 15% |
| Motor Vehicles | 20% |
| Fixtures & Fittings | 15% |
| ComputerEquipment | 33.33% |
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the charity. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the statement of financial activities as incurred.
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
- Investment Income
Page 7
Diocese of the Indian Orthodox Church UK, Europe & Africa Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestrict | |||||
| ed | ||||||
| funds | funds | |||||
| £ | £ | |||||
| Bank interest receivable | 904 | 941 | ||||
| 4, | Other Income | |||||
| 2025 | 2024 | |||||
| Unrestricted | Unrestric | |||||
| funds | ted | |||||
| funds | ||||||
| £ | £ | |||||
| Gain on disposal of tangible fixed assets held for charity's own use | 108,796 | - | ||||
| 5. | Net Income/(Expenditure) | |||||
| The net income is stated after charging/(crediting): | ||||||
| 2025 | 2024 | |||||
| £ | F | |||||
| Depreciation of tangible fixed assets - owned | 6,660 | 367 | ||||
| Gain/Loss on disposal of tangible fixed assets | (108,796) | - | ||||
| 6. | Average Number of Employees | |||||
| Average | Average number of employees during the year was: 1 (2024: 1) | |||||
| 7. | Tangible Assets | |||||
| Land & Property Freehold |
Motor Vehicles |
Computer Equipment |
Total | |||
| £ | £ | £ | £ | |||
| Cost | ||||||
| As | at 1 April 2024 | 445,000 | - | 1,100 | 446,100 | |
| Additions | 34,999 | - | 34,999 | |||
| Disposals | (445,000) | - | - | (445,000) | ||
| As | at 31 March 2025 | - | 34,999 | 1,100 | 36,099 | |
| Depreciation | , | |||||
| As | at 1 April 2024 | - | - | 367 | 367 | |
| Provided during the period | - | 6,416 | 244 | 6,660 | ||
| As | at 31 March 2025 | - | 6,416 | 611 | 7,027 | |
| Net Book Value | ||||||
| As | at 31 March 2025 | - | 28,583 | 489 | 29,072 | |
| As | at 1 April 2024 | 445,000 | - | 733 | 445,733 | |
| E__—___ | E__—___ _74 |
6. Average Number of Employees
Average number of employees during the year was: 1 (2024: 1)
- Tangible Assets
Page 8
Diocese of the Indian Orthodox Church UK, Europe & Africa Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 sssEee
8. Debtors
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|E|£|
|Due|within|one|year|
|Prepayments|and|accrued|income|557|=|
|Gift Aid|Tax|receivable|12,909|7|
|13,466|-|
|9.|Creditors:|Amounts|Falling|Due|Within|One|Year|
|2025|2024|
|£|£|
|Net|obligations|under|finance|lease|and|hire|purchase|contracts|5,000|-|
|Other|taxes|and|social|security|584|-|
|Net|wages|1,500|-|
|Accruals|617|-|
|7,701|-|
|10.|Creditors:|Amounts|Falling|Due|After|More|Than|One|Year|
|2025|2024|
|E|£|
|Net|obligations|under|finance|lease|and|hire|purchase|contracts|15,833|-|
|Bank|loans|-|78,581|
|Unsecured|loans|from|members|6,000|29,000|
|21,833|107,581|
|11.|Loans|
|analysis|of the the|maturity|of|loans|is|given|below:|
|2025|2024|
|£|£|
|Amounts|falling|due|between|one|and|five|years:|
|Bank|loans|-|78,581|
|Other|loans|6,000|29,000|
|6,000|107,581|
|12.|Obligations|Under|Finance|Leases|and|Hire|Purchase|
|2025|2024|
|£|£|
|The|future|minimum|finance|lease|payments|are|as|follows:|
|Not|later|than|one|year|5,000|-|
|Later|than|one|year|and|not|later|than|five|years|15,833|-|
|20,833|-|
|.|20,833|-|
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11. Loans
An analysis of the the maturity of loans is given below:
- Obligations Under Finance Leases and Hire Purchase
Page 9
Diocese of the Indian Orthodox Church UK, Europe & Africa Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|13.|Movement|in|Funds|
|As|at|1|April|As|at|31|
|2024|Income|Expenditure|Transfers|March|2025|
|£|£|E|E|£|
|Unrestricted|funds|
|General:|
|General|unrestricted|fund|435,619|291,921|(172,158)|(490,050)|65,332|
|Restricted|funds|
|Diocese|Headqurter|Fund|2,071|13,774|(5,611)|494,167|504,401|
|MMVS|10,526|23,572|(16,748)|180|17,530|
|Maitri|13,488|85,647|(68,615)|(3,769)|26,751|
|AMOSS|-|1,950|(3,115)|1,165|-|
|Sunday|School|38,475|41,710|(34,205)|(1,557)|44,423|
|Family|Conference|8,915|24,107|(12,175)|(202)|20,645|
|Divyabodhanam|622|-|=|41|663.|
|Sports|469|-|7|53|522|
|OCYM|130|29,999|(27,257)|80|2,952|
|Clergy|Welfare|3,520|3,029|(4,452)|(108)|1,989|
|Total|restricted|funds|78,216|223,788|(172,178)|490,050|619,876|
|Total|funds|513,835|515,709|(344,336)|-|685,208|
|As|at|1|April|As|at|31|
|2023|Income|Expenditure|March|2024|
|£|£|£|£|
|Funds|
|Total|funds|453,858|217,914|(157,937)|513,835|
|Total|funds|453,858|217,914|(157,937)|513,835|
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14. Transactions with Trustees
The following trustees have been paid remuneration or have received other benefits from the charity or related entity:
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||||||
|---|---|---|---|---|
|Name|of trustee|Remuneration|2025|
|Total|
|E|£|
|H.G.|Abraham|Mar Stephanos|22,927|22,927|
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None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the previous year.
- During the year the expenses reimbursed to H. G. Abraham Mar Stephanos were as follows:
Page 10
Diocese of the Indian Orthodox Church UK, Europe & Africa Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Travel | 21,118 | 7 |
Number of trustees reimbursed for expenses during the year was 1 (2024: 0)
Page 11
Diocese of the Indian Orthodox Church UK, Europe & Africa Detailed Statement of Financial Activities For The Year Ended 31 March 2025
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||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Total|Total|
|funds|funds|
|£|£|
|INCOME|AND|ENDOWMENTS|FROM:|
|Donations|and|Charitable|activities|
|Parish|Contributions|36,214|31,197|
|Donations|DHQ|13,774|15,862|
|Diocese|Day|cover|9,083|11,569|
|Maithri|Project|85,647|7,149|
|Spiritual|Organisations|97,231|51,290|
|Clergy|Welfare|Funds|3,029|-|
|Catholicate|day|income|18,871|19,482|
|Mission|Sunday|1,806|1,882|
|Seminary|3,299|2,493|
|Gift|aid|18,908|16,868|
|Family|Conference|24,107|=|
|"|MOBA|787|283|
|Mazmuro|4,201|7|
|Courses|and|training|10,200|-|
|Other|Donations|54,490|39,178|
|Orthodox|sangamam|income|24,362|19,720|
|406,009|216,973|
|Investments|
|Bank|interest|receivable|904|941|
|904|941|
|Other|
|Gain|on|disposal|of tangible|fixed|assets|held|for|charity's|own|use|108,796|-|
|108,796|7|
|515,709|217,914|
|CHARITABLE|ACTIVITIES|AND|GOVERNING|COSTS|
|Catholicate|Day|(18,721)|(32,651)|
|Mission|sunday|expenses|-|(24,924)|
|Seminary|payments|(950)|-|
|Spiritual|Organistaions|expenses|(81,325)|(16,286)|
|Maitri|(68,615)|(10,290)|
|Churches Together|(1,974)|(2,232)|
|Mazmuro|expenses|(346)|-|
|MOBA|Expenses|(864)|-|
|Charity|payments|-|(2,976)|
|Greenfield|and|Spanish|Mission|(1,802)|(3,710)|
|Orthodox|Sangamam|expenses|(61,196)|(1,000)|
|Metropolitan|Honorarium|(25,011)|(19,663)|
|Clergy|Welfare|expenses|(4,452)|(1,787)|
|Family|Conference|expenses|(12,175)|-|
|Metropolitan|Exp|(21,118)|(17,968)|
|Apostolic|Visits|(11,102)|-|
|. .CONTINUED|
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Page 12
Diocese of the Indian Orthodox Church UK, Europe & Africa Detailed Statement of Financial Activities (continued) For The Year Ended 31 March 2025
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||||||||
|---|---|---|---|---|---|---|
|Bank|loan|interest|(5,612)|(7,555)|
|Motor|&|travelling|expenses|(2,809)|-|
|Rates,|water,|electricity|&|Insurance|(6,979)|(7,459)|
|Printing,|postage|and|stationery|(2,885)|(1,835)|
|Training|seminars|and|workshops|(2,213)|(1,568)|
|Website|costs|(324)|(464)|
|Accountancy|fees|(600)|-|
|Professional|fees|-|(2,000)|
|Bank|charges|(987)|(616)|
|Diocese|Hospitality|(3,602)|-|
|Depreciation|of motor|vehicles|(6,416)|-|
|Depreciation|of computer|equipment|(244)|(367)|
|Hire|purchase|charges|(1,419)|-|
|AGM|/|board|meetings|expenses|(595)|(2,586)|
|(344,336)|(157,937)|
|(344,336)|(157,937)|
|NET INCOME|171,373|59,977|
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