REGISTERED CHARITY NUMBER.. 1145271 ort of the Trust•es and Unaudl¢ed Flnanclal Statèmènts for th• Y for r Endgd 31 Mah 2024 SL St• h•n's Indlan Orthodo Irmln ham Thgmas Davld Accountancy & Taxatlon Limltèd 557 Fion Avanu Bristol BS7 OQH
St.Stophan's Indlan Orthodox Church , Birniingham oTrtent$ ol tho Financlal Statem•nts Ic*r the Year Ended 31 Mareh 2024 Page Report ol the Trnsloes 1102 Independent Examlner's Roport Statement tsl Financial Activitle$ Balance Sheet Notes lo the Flnanci81 Statements 8108 Delalled Statement ol Financlal Activities 9t0 11
St.Stephen's Indlan Orthodox Church , Blrnilngham Report of the Trustees For the year ended 31" March 2024 The truste85 prgsgnl their report with the financial slatem&nls of the ¢harily for the year ended 31 March 2024. The Iruslees have adopted the provisions ol Accounting and Reporting by Charities. Statement of Recornmended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicabb in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151. 08JECTNES AND ACTIVITIES Obloctl8 and Aims Objective of the Church is lo promot8 the Indian Orthodox Chri$lian faith. The Irust8es have considered a charity commis8ion's guidanc8 on public banafil including the guidance 'public benefit running charity IPB21. Slgnlflcant activiti•8 Wa officially startod Holy Qurbana 8very Sunday of the month from 7th May 2023. Feast of Sl George the Patron Saint ol England was c8l¢braled on 7th M8y with Holy Qurbana.Rasa and N&rcha vilambu. On July 29, 2023, a on84ay g81-log8lher and 88Q was successfully hebj al Wellands Village Hall in Malvern. Mr.Moncy Abraham was in charge of the Program. For the Second lime, the ¢hur¢h honoured the n8kn.vity of Sl. Mary wlh an aighl-day lent. Every evening throughout Lent, the vicar $81 up different priasls lo lead the devotional addrès5 and 8V8ning prayer via Zoom. Many members participated in Holy Qurbana and allended the evening prayers and devotional talk on September 7th, thank$ lo the assistance of MMVS. On S8plemb¢r 1 Q, 2023, the church celebrated Onam after the HO Qurbana. The organisers, Mr. 8aiju Kuriakose and Mr. Shibu Thom8S, W8r8 Successful in creallng nostalgia in our members through various Iradlllonal programms like Ona sadya. activities and gam&s. OVBS was condu¢led on 3rd,41h and 5th November. In th81 Sunday School played a vital role in ¢realing Social responsibility In chlldran. arranging a food bank collection. Church donated a lol of food i18rns lo the rood bank. Feast of Sl. Gregorios ol Parumab was cel8braled on 11th and 12th of November 2023. A food festival was organi$e¢J by MMVS as part of the perunal after Holy Qurbana and Rasa on 12th November. Under the direction of OCYM, Christmas c8rols were performed on Oecember 9, 10, 16, and 17 by visiting families wlh Chiislmas gr991ings. Following Ihe Holy Qurbana, OCYM hosted a family gathering named FROSTY FEST al the church on D8Gember 31, 2023, with a variety ol cultural aclivilies. The program was inaugurated by Coplic Orthodox Church priest Fr. George Malik. On January 4, 5, 6, and 7, 2024, the church held ils main annual feast. Various priests delivered devotional spèe¢hes and led meditation during the first four éay$. Our Diocesan Melropolilan H.G. Abraham Mgr Slephanos served as the chief celebrant of Tri-mass on the last day. On this éay, the Diocesan Trjelropolilan extended a speual invitation lo the pilgrimage rider and the vicar of St Margaret Olton Church in Solihull lo vlsil the church. The church held mediations, special servlc8s, Holy confession, and Holy Qurbana lo commemorate Gr&al Lent and Passion Week. FINANCIAL REVIEW Rèsorv•$ Th8 Church reserves are held lo help11s current and future activities including maintenanc& of the church building The retained surplus of parish as on 3110312024 was £4,84.5861£4,21,598 on 31103120231 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The Charity is controlled by ils governing document, consliluts'on adopted on 13 September 2009 as amended on 31 D8c8mb8r 2011 and as amended on 11 February 2024 and conslilules an unincorporated charity. Re¢rultment and appolntmgnt of trustees The vicar is appointed by the diocesan 818hop and his term wll until furth8r order from the Diocegan Bishop. The Secretary, Treasurer and other committee members are elected al the annual general body meeting of the charity. Page 1
St.Stophen's Indian Orthodox Church , Blmilngham R¢port of the Trust6•$ For the year ended 31" March 2024 REFERENCE AND ADMINISTRATIVE DETAJLS Name of Charlty Charlty R•gistration Num1 Prln¢lpal address Sl.Stephen's Indian Orthodox Church , Birmingham 1145271 427 Brays Road Sheldon 8irmingham 826 2RR Trugts08 Th9 Trustees and Officers sorving during th? year and since th6 yoar ènd were as follows.. Fr. MathewAbraham Palathinkal Mr. D¥nin Thomas Mrs. Ligiya Thomas Mr. Jai$tsn Thomas Mr. Bejoy Joseph Mr. Sony Malhew Mr. Abraham Kurian Vlcar and P$1¢ent Trustee seclary Cornmiltee Member Commille& Mernber Committee Member Committee Member Cornmiltee Member Cornmillee Member Committee Member Committee Mernber Committee Member Mr. Mon¢y Abraham Mrs. Arun Chacko Mr. George Malhew Mr. Olnu Varghes Mr5. Usha Reji Mr. Shibu Thomas Internal Auditor Internal Auditor Mr. J81 Kurnar Mr. Angesh Jacob Thornas Dr. Aswin Shaji Mr. George Mathew Mr. Baiju Kuriakose Cu*todlan Tru>¢••• Safeguarding 0ffl¢or Ecumenical Convenoi Publ1¢ RelaOn$ Officer Diocesan R¢preyenlats'vg Mr Raiapp8n Varghese Mr Abraham Kudan Mr George Onnony Mr Jaison Thomas Indewnd•nt Examlnor Thomas David Accountancy & Taxation Lirnited 557 Fllton Av8nu¥ 8rf$tol BS7 OQH Approved by the Board of Trustees on an¢ 51gned on It's behaff by,. M15 Ligiya Thomas (Seclary) Page 2
Ind• ondent xamlnerfs Re ort to th T $tee$ of St. Ste hen, ndlan Orthodox Church Irmln ham I report on the aceount5 of the charity lor the year ended 31 March 2024, ¥%ttich comprise the Slalement of Financial Aclivilies. the Statement ol Financial Position and th8 related notes. Respectlve responsibilltles ol trustees and examlner The chanty's Irus18e$ are responsibl8 for th8 pr8paralion of tho aecounls. The charity's trusttas consid8r Ihal an audit Is not requir8d for this year (under Section 144121 of the Charities Act 2011 Ilhe 2011 Actll and that an ind8pendenl examination is quird. It is my responsibility lo.. axaminè Ihe accounts under Section 145 01 the 2011 Act to follow the procedures laid down in the General Directions givèn by the Charity Commission (under Section 14SISllbl ol the 2011 Act),. and lo slal8 wh&lher particulor motters have coma to my alt?nlion. Bas1* of the Indgp?ndent oxamlnerfs r¢port My èxaminaiion was carrie¢ out in a¢¢tsrdance with the General Dirg¢tlons given by the Charity Commis3ion. An examination in¢ludes 8 revlew ol the aec¢unlJ'ng records kept by tha charity and a cornparison ol the accounts presented with those records. It also includès consideration ol any unusual items or dSsclosur8$ in the accounts. and seeking explanations from you as thSte89 concerning any such matters. The proc8dur&s undertaken do not providé all the evidence that wotsld be reqUId In an audit, and consequentty no opinion is glven as to whethgr the accounts present a 'tNe and fair view. and the report Is lirniled to those matters 591 out in the statements below. Ind•pond•nl •xamln•r's >tat•m•nt In ¢onno¢tlon th my examination, no mattor ha3 corne lo my attontlon.. which gives rne reasonab cause lo beligve that. in any maleil81 respect, the requirernenls lo keep accounting records in accordance with Section 130 of the 2011 Act,, an to prepare accounts which accord with the accounting r¢¢ord8 and lo comply with thg arcounling requirements of the 2011 A¢1 hav8 not bg•n mot.. or 121 lo whlch. In my opinion, attention should ba drgwn in ord9r to enabb a propar undgrslanding ol th• accounts lo b8 reached. Mr Thom awid FCCA Thomas Oavld Accountan¢y & Taxallon LSmlled SS7 Fillon Avenue Brf$tol 8S7 OQH Date '. Xl Page 3
St.St8phon's Indlan Orthodox Church , Blmilngham Statement of Flnan¢lal Activities lor the Yfrar Endod 31 March 2024 2024 2023 Notés Unr•$tri¢t•d lunds R•strlct•d fund Total fund$ Total funds INCOME AND ENDOWMENTS FROM Donatsons and legacies Inv9s1rn9nl In¢ome 144.922 144,922 108.062 12.070 12.070 8,544 Total 156,992 1 $6,992 116,606 expENDITURe ON Charltablo aetlvltlg$ Church Running Cost5 Olher 194.0041 194,0041 158,2711 Total 194,0041 194.0041 158,2711 NET INCOME 62,988 62.988 58,335 CONTINUING OPERATIONS. All Inctsme and expenditure have arisen from continuing 8clivilies. Page 4
St.Stephen's Indian Orthodox Church , Blnnlngham Balance Sheet At 31 March Notes 2024 2023 Total fund¥ Total lund8 FIXED ASSETS Tangible assets 572,402 S64,318 CURRENT ASSETS Debtors 26,113 19.401 Cash al bank and in hand 94,914 56,937 121,028 76.338 CREDITORS Amounts falling due within on• yaar 19,6911 110.2661 NET CURRENT ASSETS 111.337 66,072 TOTAL ASSETS LESS CURRENT LIILm£S 8B3.738 630.391 LONG TERM LIABILtfiES Bank Loan$1Sg¢uredl 1199.1S21 1208,7931 NET ASSETS 484.586 421,598 FVNOS Unreslricled funds 484,586 421,598 Restrictèd funds TOTAL FUNDS 484,586 421,598 rhe ftnanclal staternenls wer8 approved by tha 8oArd ol Tru8tses on and wore slgngd on Its behalf by.. Mr Denin Thomas Mrs Ligiya Thomas Isecretaryl Fr. Mathew A raharn ITreasurerl (Vicar & Presldentl Page 5
St.Stephgn's Indlan Orthodox ChUh , Blm7ingham Notes to tha Financial Stat?ments For the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the flnanclal statèment8 The financial sts18menls have been prepar8d under the historical cost convorsion, excgpt for investments which ar9 In¢ludgd at market value and the revaluaiion ol certain fixed assets and in accordance with the Charities SORP IFRS 1021 'Accounting and R8POrting by Charities. Slalemenl of R6cofflmended Practice applicable to ¢hariti8s preparing their accounts in accordance with the Financial Repo(ting Standard applicable lo charities prepanng their account5 in accordance with th9 Financial Rewrting Standard applicablg in th8 UK and Republic of Ireland IFRS 1021 laffecliv• l January 20151,, Financial Repofting Standard 102'The Financial Reporting Standard applicable In thè UK and Republic ol Ireknd IFRS 1021, and thè Chari119s AGI 2011. Sl Slephen'8 Indian Orthodox Chur¢h, Birmingh8m meets the daflnition of a public b8n8fit entity undar FRS 102. Assets and liabilities a inilialty recognised al historical cost or transaction value unless otherwise slated in tho r$kvanl accoLJnling policy noleslsl. Ineomlng r•iovr¢e¥ All Incom6 is re¢ognised in the Slalemenl ol Flnan¢lo1 Activities once th• charity has entitlement lo thg funds. it is probablo that the Income will be reeeived and Ihe amount can be me8$ured reliably. Resou?$ •xp•nd•d Liabilitiès ar¥ r?¢ognised as 8xp8nditura as soon a$ Iherg is a legal or construcdve obli9alion committing tho ChatY 1¢ that expenditure ranglbl• flx•d a•s•t8 Tangiblo flxad 3s>s are slated al cost or valuallon 19$$ dgprecialion and any provlsion lor irnpairment. Depreciation is provided al the lollowng annual rates in order to wrtle off the Cost les5 eslimaled residual value of ?ach asset over its ?slirn8led useful life. Land & Buikling Not provided (Trustèos havg carried out a full irnpairmènl rovlw in accordance with FRS 102 and flnd out Ihal the e3limaled residual value is not materially diffarenl Ir¢m Il's carrying value in tha Balan¢¥ Sheetl 15¥¢ on reducing balance ba818 33.33% on roducing ba19nc8 basis Fbxlures and fittings Computer equipmeni Taxa15on The ch8rlty Is exempt from tax on Its charftable acllvltles. Fund• Unrestriclad fun¢Js can be used in accordance with th• charitable objectives at tho dlscr8lion or th8 Iruslees. R&51ric18d fund5 Can only be us•d for particular reslri¢led purpos8s thin the obj8¢13 of the charity. Restrictions arfs& whgn 5pecifigd by Ihe donor or wh8n fund5 are raised for partlcular roslrict8d purposes. Further explanallon of the nature and purpose of each fund Is Includèd In the notes to the flnanclal statements. So¢ur•d Loan Bank loan wlth HSBC bank Is SeCud against a flrst legal charge over tho Irè8 hold propety al 427 Brays Road, Birmingham,826 2RR. Page 6
St.Stephen's Indian Orthodox Church , Birmingham N tes to the Flnancial Statements . contlnued for the Yaar nded 31 March 2024 2. Income From Donatlons & Legael05 2024 2023 Donats'on3 Received 144.922 108,062 3. INVESTMENT INCOME 2024 2023 Bank Inte$t 1.840 144 Ran181 Income 10.230 8,400 Total 12,070 8.544 4. TANGIBLE FIXED ASSETS Land & 8ulldlng Flxtur•$ and flttlngs Comput•r oqulpment Totals COST At 1 April 2023 Addltlons 556,915 13.413 348 570,876 10.818 10.818 Disposal Al 31 matt 2024 356,915 24,231 348 581,494 DEPRECIAfON At 1 Aprll 2023 Charge for year Ellmlnated on Dlsposal 6,014 344 6,358 2.733 2.734 At 31 March 2024 .747 345 9.092 NeT BOOK VALUE Al 31 March 2024 558,915 15,484 572.402 Al 31 March 2023 556,91 S 7,399 564.318 Page f
Sl.Stephen's Indian Orthodox Chur¢h , Birmingham Note$ to the Flnancial Statements . Contlnued for tha Yaar Endett 31 March 2024 5. OEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Gift Aid Tax Receivable 21,273 17,033 DeblorslPrepaymonls 4.840 2.368 26,113 19,401 6. CASH AT BANKAND IN HANO General Fund Ro?trl¢tsd Fund 2024 2023 Cash in Hand 711 711 39 Gard Re8dgr 20 20 Current Account # 71747827 10,87S 10,875 9,892 Savings Account # 81591782 Fixed Deposit Account # 40999105 23.992 23,992 47,006 33.749 33.749 Fixed D8posil Account # 20999091 25,567 25.567 Total 94,914 94,914 S6,937 7. CREDITORS AMOUNT FALLING DUE WITHIN ONE YEAR 2024 2023 Credltors & Accruals 450 1.424 Bank Loan ISecur¢d sgainsl land building) Total 9,241 9,691 8,842 10.266 CREDITORS.. AMOUNT FALLING DUE AFTER ONE YEAR Bank Loan Isecuredl 199.152 208,793 8. MOVEMENT IN FUNDS N•t Movgment In Funds Transf•r* bo0+n Funds At 01.0423 3t.03,24 Fund> General fund 419,548 61,988 481,536 Chsrity Fulld Clergy Support Contrlbutlon 910 190.00 I,ioo 1,950 1,140 810 421,598 62,988 484,586 TOTAL FUNOS 421,598 62,988 484.586 Ineoming Re$ourcos Resourcgs Expended Movemont in Funds Unrestricted funds General fund 154,342 92,354 61.988 Charity Fund 18rgy Support Contribution 340 150 190 2.310 1,500 810 Total 156,992 94,004 62.988 Page 8
St.Stephen'$ Indlan Orthodox Church , Bimiingham Detailed Statement of Flnanclal Actlvltles for the Year End•d 31 March 2024 2024 2023 I. INCOME AND ENDOWMENTS Donations and Subscriptions acies 40,867 12,915 Harvesl Festival 2,550 21,690 200 1,956 19,887 400 Gilly Aid HMRC Favours Received Offertory Donations- Refreshments 19,918 11,324 8,450 725 2,056 1,150 475 Birthday Donations Wedding Anniversary Donations Holy wgek Donats'ons Hall Hire 305 4,035 2.230 Madbaha Decorats'ons 155 497 Donation$ 292 482 Clergy Support Church Building Fund Onam 2,310 4,000 loo 16,863 2,095 88S 3,190 One 08y Tdp Sunday School SS Bala Gala 1,750 1,720 669 770 SS Talent Competition Martha Marfam Vanitha Sam818m OVBS 4,210 3,776 1,485 4,765 310 790 1,665 1,770 4,359 Chrislrnas & Carol Youth Fund Family Gèt Toggihgr Sound System Donation 1,370 340 Charity Cathollcale Day 310 795 545 Diocesan Day Colbctlon 1,660 I,ioo Gas & Elecfficlty . Nursery R8-Imburs8mgnt 15,714 548 8,476 263 Water Charges R8imbur5ed St. Ggorge feast and Ettu nornbe Donalions-8aptisrn I,Iso 570 150 Marthoman Sangamam othar Incorn8 230 600 Sefninary day Donations- Marriage Pgrunal Narch iio 250 1,845 Subscriptions Arr88r5 470 Diocesan GB Meets'ng Church 8uilding Fund- Arrears Total Donatlons & Le8acles IA) Bank Interest 1,605 3,145 106.367 144 10,095 10,239 116,606 144,922 1,840 10,230 12,070 156,992 # Rental Incoma Total Investsnent Income IB To¢al In¢¢4min9 Resourcas IA+81 Pag8 9
St.Stephen'5 Indian Orthodox Church , Birmingham etalled Statemenl of Financial Actlvltles for thè Year ded 31 Mar¢h 2024 2024 2023 I. EXPENDITURE Charitable Activltl•g Vicar AIIow8nces 13,465 7,326 500 Wisiling Bishop & Priests In$uran¢9 1,301 1,779 8.458 1,843 Reloshments 11,868 328 Mern8ntos & Gifts 45 Printhng, Stationery & Postage Websit& Domain Foe12 Y*arsl Holy Week 584 842 24 2,792 648 1,233 1,752 Firg alarrn & Emergency Light Sa¢ramental lQurbanal Materials Rapair & Mainlènan¢9 Clérgy Support Onam Festival 55 238 3,019 I,soo 1,371 2,791 1,698 4,860 619 2,129 1,069 Onè day Idp Sunday School SS Bala Gala 664 SS Talent Competiuon OV8S 4,745 1,895 2,610 2,176 1,535 loo Martha Mariam Vanitha Sarnajam Christmas 308 Youth Movem•nt 437 Family Get- together Charity Calholical& Day Seminary Day Diocesan Conthbutlon 2,837 150 1,250 985 200 I,ioo 920 Di0¢838 Meetings Mardage Llcence Sundry Purchases 1,938 152 133 252 8ank Chargesl Arrèngèm¢nts Fge Bank loan Int8r8St 169 149 10,105 10,504 Carry Forward Exp¢ndltur• 71,179 48.272 Page 10
St.Stephon's Indian Orthodox Church , Blmilngham D•tail•d Statèmént of Financial Actlvitles- Contlnued for the Year Ended l March 2024 2024 2023 Brought Forward Expendltur• Accountancy Card Machine Commission 71,179 360 48,272 540 113 107 Gas & Electricity Charges Water Charges 15,714 8,476 549 14711 Sl. George Feast & Ettu Nomb Zoom Subscription 1,273 288 Hall Hire Support 170 DBS 32 Hall Hire- Nutsery Utility Refund 540 Kitchèn Ulgn$l 956 Miscellaneous 96 39 Depreciadon 2,734 1,308 Total R•sourc•8 •xp•ndod 94.004 58,271 N•t Incon 62,988 58.335 This page does not form parl of the statutory financial statenients Page11