**REGISTERED CHARITY NUMBER: 1145435** ## **Report of the Trustees and Unaudited Financial Statements for the Year Ended 5 April 2025** **for** ## **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** Botros & Co 4 Northwest Business Park Servia Hill Leeds West Yorkshire LS6 2QH ## **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** ## **Contents of the Financial Statements for the Year Ended 5 April 2025** **----- 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
Cash Flow Statement 6
Notes to the Cash Flow Statement 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14
**----- End of picture text -----**
## **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** ## **Report of the Trustees for the Year Ended 5 April 2025** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 5 April 2025. 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 2019). ## **STRATEGIC REPORT** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 1145435 (England and Wales) **Registered Charity number** 1145435 ## **Registered office** 40 Kingston Drive Whitley Bay Tyne & Wear NE26 1JJ ## **Trustees** H G Bishop Antony Chairman Dr S S S Asaad Secretary Rev. A N Fr. Awadallah Dr Z Boulis Dr L Sidhom Treasurer Dr M S Massoud ## **Company Secretary** Dr S S S Asaad ## **Independent Examiner** Botros & Co 4 Northwest Business Park Servia Hill Leeds West Yorkshire LS6 2QH ## **Bankers** Lloyds Bank plc 69 Bedford Street North Shields Tyne and Wear NE29 0AU ## **Committee** H G Bishop Antony NA Chairman Dr Seif S S Asaad MB BCH FRCS Secretary Rev Fr Antonius N Awadallah NA Dr Boulis MB BS MRCS LRCP FRCS DMRD FRCR FR. Engelos NA Treasurer Dr Mamdouh S Massoud MB BS Secretary Page 1 ## **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** ## **Report of the Trustees for the Year Ended 5 April 2025** Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 28 August 2025 and signed on the board's behalf by: Dr S S S Asaad - Trustee Page 2 **Independent Examiner's Report to the Trustees of St.Athanasious Coptic Orthodox Monastery** ## **Independent examiner's report to the trustees of St.Athanasious Coptic Orthodox Monastery ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April 2025. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 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. Samir Botros FCA,ACMA,CTA Botros & Co 4 Northwest Business Park Servia Hill Leeds West Yorkshire LS6 2QH 28 August 2025 Page 3 ## **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** ## **Statement of Financial Activities for the Year Ended 5 April 2025** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Investment income
3
**Total**
**EXPENDITURE ON**
Raising funds
4
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**5.4.25**
**Unrestricted**
**fund**
**£**
**690,707**
**62,786**
**753,493**
**159,551**
**768**
**160,319**
**593,174**
**4,650,867**
**5,244,041**|5.4.24
Total
funds
£
626,227
45,732
671,959
269,849
1,023
270,872
401,087
4,249,780| |---|---|---| |||4,650,867| The notes form part of these financial statements Page 4 ## **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** ## **Balance Sheet 5 April 2025** |Notes
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|**5.4.25**
**Unrestricted**
**fund**
**£**
**3,208,943**
**1,039,965**
**1,095,133**
**2,135,098**
**(100,000)**
**2,035,098**
**5,244,041**
**5,244,041**
**5,244,041**
**5,244,041**|5.4.24
Total
funds
£
2,450,200
1,039,965
1,160,702
2,200,667
-
2,200,667
4,650,867
4,650,867| |---|---|---| |||4,650,867
4,650,867| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The financial statements were approved by the Board of Trustees and authorised for issue on 28 August 2025 and were signed on its behalf by: S S S Asaad - Trustee The notes form part of these financial statements Page 5 ## **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** ## **Cash Flow Statement for the Year Ended 5 April 2025** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|**5.4.25**
**£**
**668,351**
**668,351**
**(759,511)**
**25,591**
**(733,920)**
**(65,569)**
**1,160,702**
**1,095,133**|5.4.24
£| |---|---|---| |||411,882
411,882
(827,264)
24,767
(802,497)
(390,615)
1,551,317
1,160,702| The notes form part of these financial statements Page 6 ## **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** ## **Notes to the Cash Flow Statement for the Year Ended 5 April 2025** |**1.**
**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
**5.4.25**
**£**
**Net income for the reporting period (as per the Statement of**
**Financial Activities)**
**593,174**
**Adjustments for:**
Depreciation charges
**768**
Interest received
**(25,591)**
Decrease in debtors
**-**
Increase in creditors
**100,000**
**Net cash provided by operations**
**668,351**
**2.**
**ANALYSIS OF CHANGES IN NET FUNDS**
At 6.4.24
Cash flow
£
£
**Net cash**
Cash at bank
**1,160,702**
**(65,569)**
**1,160,702**
**(65,569)**
**Total**
**1,160,702**
**(65,569)**|**1.**
**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
**5.4.25**
**£**
**Net income for the reporting period (as per the Statement of**
**Financial Activities)**
**593,174**
**Adjustments for:**
Depreciation charges
**768**
Interest received
**(25,591)**
Decrease in debtors
**-**
Increase in creditors
**100,000**
**Net cash provided by operations**
**668,351**
**2.**
**ANALYSIS OF CHANGES IN NET FUNDS**
At 6.4.24
Cash flow
£
£
**Net cash**
Cash at bank
**1,160,702**
**(65,569)**
**1,160,702**
**(65,569)**
**Total**
**1,160,702**
**(65,569)**|| |---|---|---| |||5.4.24
£
401,087
1,023
(24,767)
34,539
-
411,882| |||**At 5.4.25**
**£**
**1,095,133**
**1,095,133**
**1,095,133**| The notes form part of these financial statements Page 7 **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** **Notes to the Financial Statements for the Year Ended 5 April 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** 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. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. **----- Start of picture text -----**
||| |---|---| |Plant and machinery|- 25% on reducing balance| |Motor vehicles|- 25% on reducing balance| **----- End of picture text -----**
## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** 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. ## **2. DONATIONS AND LEGACIES** **----- Start of picture text -----**
|||| |---|---|---| |5.4.25|5.4.24| |£|£| |Donations|557,526|502,091| |Gift aid recovery|79,147|67,054| |Donated services and facilities|54,034|57,082| |690,707|626,227| **----- End of picture text -----**
continued... Page 8 ## **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** ## **Notes to the Financial Statements - continued for the Year Ended 5 April 2025** ## **3. INVESTMENT INCOME** |Rents received
Deposit account interest
**RAISING FUNDS**
**Raising donations and legacies**
Annex facility costs
Monastery repairs & renewals
**Investment management costs**
Donation payable
House council & water charges
Telephone
Clergy living expenses
House light & heat
Premises insurance
Motor & travelling expenses
Stationery & postage
Legal & Professional
Bank charges
Youth Activities
Aggregate amounts
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|**5.4.25**
**£**
**37,195**
**25,591**
**62,786**
**5.4.25**
**£**
**25,559**
**16,372**
**41,931**
**5.4.25**
**£**
**11,000**
**28,302**
**1,677**
**11,800**
**11,000**
**8,195**
**12,907**
**740**
**4,425**
**25**
**27,549**
**117,620**
**159,551**
**5.4.25**
**£**
**768**||5.4.24
£
20,965
24,767| |---|---|---|---| ||||45,732| ||||| |||5.4.24
£
64,070
48,953
113,023|| ||||| |||5.4.24
£
21,047
10,398
1,523
11,081
22,896
10,397
17,300
205
6,232
20
55,727|| |||156,826|| ||||| |||269,849|| ||||| |||5.4.24
£
1,023|| ## **4. RAISING FUNDS** ## **5. NET INCOME/(EXPENDITURE)** continued... Page 9 ## **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** ## **Notes to the Financial Statements - continued for the Year Ended 5 April 2025** ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024. ## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
626,227
45,732
671,959
269,849
1,023
270,872
401,087
4,249,780
4,650,867| |---|---| continued... Page 10 ## **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** ## **Notes to the Financial Statements - continued for the Year Ended 5 April 2025** ## **8. TANGIBLE FIXED ASSETS** |**8.**
**TANGIBLE FIXED ASSETS**||||| |---|---|---|---|---| |**COST**
At 6 April 2024
Additions
At 5 April 2025
**DEPRECIATION**
At 6 April 2024
Charge for year
At 5 April 2025
**NET BOOK VALUE**
At 5 April 2025
At 5 April 2024
**COST**
At 6 April 2024
Additions
At 5 April 2025
**DEPRECIATION**
At 6 April 2024
Charge for year
At 5 April 2025
**NET BOOK VALUE**
At 5 April 2025
At 5 April 2024
**9.**
**DEBTORS**
Amounts falling due within one year:
Other debtors
Amounts falling due after more than one year:
St. Athanasious Coptic Church
Aggregate amounts|Freehold
property
£
**1,131,594**
**-**
**1,131,594**
**-**
**-**
**-**
**1,131,594**||Long
leasehold
£
**14,600**
**-**
**14,600**
**-**
**-**
**-**
**14,600**|Improvement
to
property
£
**1,300,935**
**759,511**
**2,060,446**
**-**
**-**
**-**
**2,060,446**
1,300,935
Totals
£
**2,462,116**
**759,511**
**3,221,627**
**11,916**
**768**
**12,684**
**3,208,943**
2,450,200
5.4.24
£
30,000
1,009,965
1,039,965| ||1,131,594||14,600|| ||Plant and
machinery
£
**10,746**
**-**
**10,746**
**9,836**
**228**
**10,064**
**682**||Motor
vehicles
£
**4,241**
**-**
**4,241**
**2,080**
**540**
**2,620**
**1,621**|| ||910||2,161|| ||||**5.4.25**
**£**
**30,000**
**1,009,965**
**1,039,965**|| continued... Page 11 ## **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** ## **Notes to the Financial Statements - continued for the Year Ended 5 April 2025** ## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |St. George & St. Athanasious C
**11.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 6.4.24
£
**4,650,867**
**4,650,867**
Incoming
resources
£
**753,493**
**753,493**
At 6.4.23
£
4,249,780
4,249,780
follows:
Incoming
resources
£
671,959
671,959|||**5.4.25**
**£**
**100,000**
Net
movement
in funds
£
**593,174**
**593,174**
Resources
expended
£
**(160,319)**
**(160,319)**
Net
movement
in funds
£
401,087
401,087
Resources
expended
£
(270,872)
(270,872)|||5.4.24
£
-| |---|---|---|---|---|---|---|---| ||||||||| |||||||At
5.4.25
£
**5,244,041**
**5,244,041**
Movement
in funds
£
**593,174**
**593,174**
At
5.4.24
£
4,650,867
4,650,867
Movement
in funds
£
401,087
401,087|| continued... Page 12 ## **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** ## **Notes to the Financial Statements - continued for the Year Ended 5 April 2025** ## **11. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 6.4.23
£
4,249,780
4,249,780|Net
movement
in funds
£
994,261
994,261|At
5.4.25
£
5,244,041
5,244,041| |---|---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |Incoming
resources
£
**Unrestricted funds**
General fund
1,425,452
**TOTAL FUNDS**
1,425,452|Resources
Movement
expended
in funds
£
£
(431,191)
994,261
(431,191)
994,261| |---|---| ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 5 April 2025. Page 13 ## **ST.ATHANASIOUS COPTIC ORTHODOX MONASTERY** ## **Detailed Statement of Financial Activities for the Year Ended 5 April 2025** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid recovery
Donated services and facilities|5.4.25
5.4.24
£
£
**557,526**
502,091
**79,147**
67,054
**54,034**
57,082| |---|---| |**Investment income**
Rents received
Deposit account interest|**690,707**
626,227
**37,195**
20,965
**25,591**
24,767| ||**62,786**
45,732| |**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Annex facility costs
Monastery repairs & renewals|**753,493**
671,959
**25,559**
64,070
**16,372**
48,953| |**Investment management costs**
Donation payable
House council & water charges
Telephone
Clergy living expenses
House light & heat
Premises insurance
Motor & travelling expenses
Stationery & postage
Legal & Professional
Bank charges
Youth Activities|**41,931**
113,023
**11,000**
21,047
**28,302**
10,398
**1,677**
1,523
**11,800**
11,081
**11,000**
22,896
**8,195**
10,397
**12,907**
17,300
**740**
205
**4,425**
6,232
**25**
20
**27,549**
55,727| |**Other**
Plant and machinery
Motor vehicles|**117,620**
156,826
**228**
303
**540**
720| ||**768**
1,023| |Total resources expended|**160,319**
270,872| |**Net income**|**593,174**
401,087| ||| This page does not form part of the statutory financial statements Page 14