**REGISTERED CHARITY NUMBER: 1145271** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 March 2023 for St. Stephen’s Indian Orthodox Church, Birmingham** Thomas David Accountancy & Taxation 557 Filton Avenue Bristol BS7 0QH ## **St.Stephen's Indian Orthodox Church , Birmingham Contents of the Financial Statements for the Year Ended 31 March 2023** **----- Start of picture text -----**
Page
Report of the Trustees 1 to 2
Independent Examiner’s Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 8
Detailed Statement of Financial Activities 9 to 11
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## **St.Stephen's Indian Orthodox Church , Birmingham** ## **Report of the Trustees For the year ended 31[st] March 2023** The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 2015). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and Aims** Objective of the Church is to promote the Indian Orthodox Christian faith. The trustees have considered a charity commission’s guidance on public benefit including the guidance ‘public benefit running charity ## **Significant activities** Feast of St George the Patron Saint of England was celebrated on 8th May with Holy Qurbana,Rasa and Nercha vilambu. A one-day get together and barbeque at Waseley Hills, Rubery was arranged by the coordinators Mr Sony Mathew and Mr Niju Cherian. Nativity of Virgin Mary was celebrated with 8 day lent for the first time in the church. Vicar arranged various Priests to lead the evening prayer and devotional speech through Zoom on all evenings of the lent. On September 7th evening, with the help of MMVS a lot of members attended the evening prayers and devotional speech and took part in Holy Qurbana. Onam celebration with traditional Ona Sadya and Cultural activities and tug of war on the 25th of September 2022. OVBS was conducted on 28th 29th and 30th October 2022. In that Sunday School played a vital role in creating social responsibility in children, arranging a food bank collection. Church donated a lot of food items to the food bank. A sum of £1665 was raised by MMVS through the food festival for church (The feast of Parumala thirumeni) on 13th of November 2022. On the 21/11/2022, an introductory meeting was held via Zoom, 33 families attended the meeting with newly appointed Thirumeni. ## On 10th,11th and 17th December 2022 Church raised £4359 through Christmas Carol. The Main Annual feast was celebrated on 20th, 21st and 22nd of January 2023. on the first day they had an online meditation and a devotional speech, Second day they welcomed Diocesan Metropolitan for the very first time to Church. On the final day tri monthly parish bulletin named ‘The Crown’ was inaugurated. through the Harvest Festival and Perunal On March 14, 2023, Mid lent Holy Qurbana was there and on 31-03-2023, online meditation & Devotional Speech was there. During the Passion Week everyday evening prayer and other services performed. Church hosted the diocesan assembly on the 25th March 2023. ## **FINANCIAL REVIEW** ## **Reserves** The Church reserves are held to help its current and future activities including maintenance of the church building The retained surplus of parish as on 31/03/2023 was £4,21,959 (£3,63,263 on 31/03/2022) ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The Charity is controlled by its governing document, constitution adopted on 13 September 2009 and as amended on 31 December 2011 and constitutes an unincorporated charity. ## **Recruitment and appointment of trustees** The vicar is appointed by the diocesan Bishop and his term will until further order from the Diocesan Bishop. The Secretary , Treasurer and other committee members are elected at the annual general body meeting of the charity. Page 1 I￿2n 417W*c4d I report on Iho accounts of the ¢haiily forth8 yeargrthl 31 M¥ch 20rJ.whKh comwso tha Slatemant of Fmartial AclMbo$. Ihè Staiementof Finanaal P￿lion and th8 felaied noles. Respedve rosponslblltles ol ItuSt￿5 and Èxarnlner Th tharity's ttttsiè•s are reSkX)nS￿>kn for the rryarthn of Ihe acmunts. Th8 trustees c¢Mstd8r that an authi is nol required for this year luThJer 144121 of Ihe Charths Act 2011 (1kn2 2011 Actlland thatan indeppftdentey2minal•)n Is requwed. 11 ts my re5pons•iiityto'. txamine the accounts ￿der Se(aK)n 145 ollhe 2011 Acl to follow tho rKocedwe5 kid down in lh8 Genefal fhrectA)n5 given bytha Chanty commts*C￿ (under Seca*Jn 1451SKbl of the 2011 Acii." and to stste vthether patsu>rrr¢tters have oyne ki my a1terfW￿. Bas1$ of th• Inrtep•nd&nt •xamlnees report My •xamihaiion w88 Carried c￿t fft acctrdortce ￿1h Ih8 Goneral Dweci￿5 g*¥en by the Charty Ccthnwss￿ffi. An examlnalion in¢Jude$ a rewew of th8 8CULmling ¥e¢ords kept by the th8rty and a cornw9￿ of th? &ttyJnts prnsented Lhose Teccrfds. * Ètso I￿ude$ sideratw)rt of any Un￿Ual i1gm$ or ¢Jisc*)sures in thg accthjnts. and seeking OXE￿t•￿s you as triJsl885 concemir4 aThy 5uth matters. The procedures un¢J•tsk8n th) nui pTh(Je all the evvjencp thatwoukl be requred in an audrf. ar￿ ¢c•)sequÈniiy no opinion is gNen as towhelherthe axounts wesent a'ty¥eand tsirview. arxl the repyt is Srniled to itKse tnatters setout in the Sta￿nents below. Independent axamlne*s Stat¢ment In con00ci￿n ￿1th my •xamlnaliorn no rna￿ has ccffl¢ lo myatt•niiwL" whth 9Nes mè tEa5(xBbk caw to beSwe thaL w) anyrrwterialrespecL the req￿ements to ke•p axounliry rewrds in x¢0￿ce sec11c￿ 13001 2011 P£t". and to prepare accoLwts Y4h7th auord th8 acts)￿*￿3 recLYds and to Comply￿1h tha requirernent5 ofthe 2011 have not met., or 121 to Wh￿￿. ￿ myopvwn. attenti￿ slKNJkl bed￿￿ ri orthrtoenabè a prorer wpJetsi*Klry ofthe acc￿jr￿ tobe reached. MrThrffias Day￿ FCCA Thomas David A¢¢￿t8￿&T￿xati￿ Limted 557 Fitton AverMJe Brf$ 8S7 OQH Pa8e 3 ## **St.Stephen's Indian Orthodox Church , Birmingham** ## **Statement of Financial Activities** |Donations and legacies
**Total**
**CONTINUING OPERATIONS***
Investment Income
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Church Running Costs
Other
**Total**
**NET INCOME**
**EXPENDITURE ON**|**Notes**
**Unrestricted**
**funds**
£
**2**
108,062
**3**
8,544
**116,606**
(58,271)
-
**(58,271)**
**58,335**
**for the Year Ended 31 March 2023**|**Notes**
**Unrestricted**
**funds**
£
**2**
108,062
**3**
8,544
**116,606**
(58,271)
-
**(58,271)**
**58,335**
**for the Year Ended 31 March 2023**|**Restricted**
**fund**
£
-
**-**
**-**
**-**|**2023**
**Total funds**
£
108,062
8,544
**116,606**
(58,271)
-
**(58,271)**
**58,335**|**2022**
**Total**
**funds**
£
72,866
7,704| |---|---|---|---|---|---| ||**Notes**
**2**
**3**||||| ||||||**80,570**| ||||||(61,153)
-| ||||||**(61,153)**| ||||||**19,417**| ||||||| All income and expenditure have arisen from continuing activities. Page 4 11.1 ItDX6) 1214J4n 01 FAr ## **St.Stephen's Indian Orthodox Church , Birmingham** ## **Notes to the Financial Statements** ## **For the Year Ended 31 March 2023** ## 1. **ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements have been prepared under the historical cost conversion, except for investments which are included at market value and the revaluation of certain fixed assets and 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 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011. St Stephen’s Indian Orthodox Church, Birmingham meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes(s). ## **Incoming resources** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Resources expended** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure ## **Tangible fixed assets** Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. Land & Building : Not provided (Trustees have carried out a full impairment review in accordance with FRS 102 and find out that the estimated residual value is not materially different from it’s carrying value in the Balance Sheet) Fixtures and fittings : 15% on reducing balance basis Computer equipment : 33.33% on reducing balance basis ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Funds** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Secured Loan** Bank loan with HSBC bank is secured against a first legal charge over the free hold property at 427 Brays Road, Birmingham,B26 2RR. Page 6 ## **St.Stephen's Indian Orthodox Church , Birmingham** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2023** ## **2. Income From Donations & Legacies** |**2.**
**Income From Donations & Legacies**|||||| |---|---|---|---|---|---| |**3.**
**4.**
Donations Received
**INVESTMENT INCOME**
Bank Interest
Rental Income
**Total**
At 31 March 2023
**DEPRECIATION**
At 1 April 2022
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2022
Additions
Disposal
At 31 March 2023
At 31 March 2022
Charge for year
Eliminated on Disposal
At 31 March 2023
**NET BOOK VALUE**|**Land &**
**Building**
**£**
556,915
-
-
**556,915**
-
-
-
**-**
**556,915**
**556,915**|**Fixtures**
**and fittings**
**£**
12,849
564
-
**13,413**
4,708
1,306
-
**6,014**
**7,399**
**8,141**|Unrestricted
Funds
108,062
**Computer**
**equipment**
**£**
348
-
-
**348**
342
2
-
**344**
**4**
**6**|2023
£
108,062
2023
£
144
8,400
**8,544**|2022
£
72,866| ||||||2022
£
4
7,700| ||||||**7,704**| ||||||**Totals**
**£**
570,112
564
-| ||||||**570,676**| ||||||5,050
1,308
-| ||||||**6,358**| ||||||**564,318**| ||||||**565,062**| Page 7 ## **St.Stephen's Indian Orthodox Church , Birmingham** ## **Notes to the Financial Statements - continued** **for the Year Ended 31 March 2023** ## **5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |---|---|---|---|---| |Savings Account
**Total**
Gift Aid Tax Receivable
Debtors/Prepayments
**CASH AT BANK AND IN HAND**
Cash in Hand
Current Account|**General**
**Fund**
39
9,892
47,006
**56,937**|**Restricted**
**Fund**
-
-
-
**-**|**2023**
**£**
17,033
2,368
**19,401**
**2023**
**£**
39
9,892
47,006
**56,937**|**2022**
**£**
10,213
2,729| |||||**12,942**| |||||**2022**
**£**
64
16,971
-
38,067| |||||**21,160**| ## **6. CASH AT BANK AND IN HAND** |**7.**
**CREDITORS**
Creditors & Accruals
Unsecured Loans from members
Bank Loan (Secured against land building)
**Total**|**2023**
**£**
1,424
-
8,842
**10,266**|**2022**
**£**
1,424
8,000
8,436| |---|---|---| |||**17,860**| ## **8. MOVEMENT IN FUNDS** |**Funds**
**Unrestricted funds**
Vicar Support Contribution
General fund
Charity Fund
**Total**
**TOTAL FUNDS**
General fund
Charity Fund
Vicar Support Contribution|**At 01.04.22**
**£**
360,373
1,850
1,040
**363,263**
**363,263**|**Net**
**Movement In**
**Funds**
**£**
59,175
(940)
100
**58,335**
**58,335**
**Incoming**
**Resources**
**£**
116,196
310
100|**Transfers**
**between**
**Funds**
**£**
-
-
-
**-**
**-**
**Resources**
**Expended**
**£**
57,021
1,250|**At**
**31.03.23**
**£**
419,548
910
1,140| |---|---|---|---|---| |||||**421,598**| |||||| |||||**421,598**| |||||**Movement**
**in Funds**
**£**
59,175
(940)
100| |||**116,606**|**58,271**|**58,335**| Page 8 ## **St.Stephen's Indian Orthodox Church , Birmingham** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2023** |**Total Investment Income (B)**
Birthday Donations
Catholicate Day
Charity
Christmas Collection
Church Building Fund
Church Building Fund- Arrears
**I. INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifty Aid HMRC
Harvest Festival
Hall Hire
Holy week Donations
Madbaha Decorations
Church Consecration
Diocesan Collection
Donations- Marriage
Donations
Donations - Refreshments
Favours Received
Water Charges Reimbursed
Gas & Electricity - Nursery Re-Imbursement
Perunal Nercha
Seminary day
Subscriptions
Subscriptions Arrears
Sunday School
Diocesan GB Meeting
Martha Mariam Samajam
Offertory
Onam
One Day Trip
OVBS
**Total Donations & Legacies (A)**
Bank Interest
Rental Income
**Total Incoming Resources (A+B)**
Vicar Farewell
Vicar Support
Wedding Anniversary Donations
St. George feast and Ettu nombe
Youth Frosty Feet|2023
£
725
545
310
4,359
16,863
3,145
**-**
1,100
250
482
8,450
400
8,476
263
19,887
1,956
1,695
2,230
497
1,665
11,324
2,095
885
1,770
1,845
110
12,915
470
770
1,605
**-**
100
305
570
-
**108,062**
144
8,400
**8,544**
**116,606**|2022
£
660
440
900
305
19,195
-
9,802
920
-
1,012
100
-
5,217
-
10,354
2,045
-
656
700
1,664
5,414
-
-
-
-
-
9,605
-
220
-
875
2,040
266
-
476| |---|---|---| |||**72,866**
4
7,700| |||**7,704**| |||**80,570**| This page does not form part of the statutory financial statements Page 9 ## **St.Stephen's Indian Orthodox Church , Birmingham** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2023** |II.**EXPENDITURE**
**Charitable Activities**
Holy Week
OVBS
Sunday School
Fire alarm & Emergency Light
Youth Movement
Vicar Allowances
Visiting Bishop & Priests
website
Sundry Purchases
Qurbana Materials
Vicar Sent Off
Vicar Support
Momentos & Gifts
Diocese Meetings
One day trip
Marriage Licence
Refreshments
Printting, Stationery & Postage
Bank loan Interest
Onam Festival
**Carry Forward Expenditure**
Madbaha Decoration
Church Consecration
Paypal Fees
Martha Mariam Samajam
Charity
Repair & Maintenance
Diocese Contribution
Bank Charges/ Arrangements Fees|2023
£
7,326
500
1,233
1,535
664
1,752
-
328
1,938
1,069
152
11,868
842
-
252
238
-
-
-
-
-
100
1,250
1,371
920
149
10,504
2,129
**46,121**|2022
£
4,750
1,250
1,031
-
548
-
876
-
-
-
-
2,090
307
79
437
150
1,001
1,000
2,194
11,903
28
1,270
500
10,203
158
45
10,910
-
**50,730**| |---|---|---| ## II. **EXPENDITURE** This page does not form part of the statutory financial statements Page 10 ## **St.Stephen's Indian Orthodox Church , Birmingham** |**Brought Forward Expenditure**
**Net income**
Water Charges
Lucky Dip
Miscellaneous
Depreciation
**Total Resources expended**
Accountancy
Card Machine Commission
Christmas
Insurance
Gas & Electricity Charges|**Detailed Statement of Financial Activities- Continued**
**for the Year Ended 31 March 2023**|**2023**
£
**46,121**
540
107
308
1,843
8,476
(471)
-
39
1,308
**58,271**|**2022**
£
**50,730**
540
-
-
1,726
5,216
734
884
-
1,323| |---|---|---|---| ||||| ||||**61,153**| |||**58,335**|**19,417**| This page does not form part of the statutory financial statements Page 11