Charity Registration Number: 1147523
St. George Eritrean Orthodox Church
Annual Report & Unaudited Accounts
For The Year Ending 31[st] January 2023
St. George Eritrean Orthodox Church Contents For The Year Ending 31[st] January 2023
Company Information
Trustees Report
Statement Of Activities
Statement Of Financial Position
Chairperson Report
Notes To the Financial Statements
St. George Eritrean Orthodox Church Company Information For The Year Ending 31[st] January 2023
Trustees
Habtom Gebre (Chair) Kibrom Berhe Rahwa Kfle Fesaha Kfle Tesfay Yowhanns Hagos Awet Muluebrhan Teklom Kiflue Tesfay Semereab Aster Asmerom Semereab Abraham Tesfit Kahase Beraki Mulugeta Tekle
Registered Office
30-32 Barnsley Road Edgbaston Birmingham B17 8ED
St. George Eritrean Orthodox Church Trustees Report For The Year Ending 31[st] January 2023
The trustees of St. George Eritrean Orthodox Church are pleased to present their annual report together with the financial statements of the charity for the period from 1[st] February 2022 to 31[st] January 2023. The said report and financial statements are prepared to meet and comply with the Charities Act 2011 and Accounting and Reporting by Charities Statement of Recommended Practice FRS 102.
Aim & Purpose
The charity is set up to advance the Christian Orthodox religion in the West Midlands and surrounding areas in accordance with teaching and practices of the Eritrean Orthodox Christian Patriarch for the benefit of the public regardless of ethnic origin.
Objectives and Activities
The charity is committed to enabling as many people as possible to worship at the church through.
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Holding of religious services (masses are open to the public, conducting of religious celebrations such as marriages, christenings, funeral services, and special prayer for the departs. etc)
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Conducting Orthodox church bible studies and religious teachings
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Public celebrations of religious festivals
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Distributing literature on Christian Orthodox religion to enlighten others about the religion.
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Providing a place of worship for those who wish to attend the Christian Orthodox services and celebrations.
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Providing pastoral care for people working in the parish
Structure, Governance & Management
Governing Documents
St George Eritrean Orthodox Church is a registered charity number 1147523. The charity is governed by its Articles of Association in August 2014. The liability of each member in the event of winding-up is limited to £1. Anyone over the age of 18 can become member of the charity.
St. George Eritrean Orthodox Church Trustees Report - Continued For The Year Ending 31[st] January 2023
Appointment Of Trustees
As set out in the Articles of Association those members of the church who are registered in the church register elect Trustees. All those who attend our services being members of the congregation are encouraged to register as members. Once appointed a Trustee serve for three years after which period, they put themselves forward for reappointment. The Trustees who served during the period are set out on page 3. The Trustees meet quarterly. The Trustees have nominated several working groups, which meet regularly to develop new programmes/activities, to assess progress as well to look for new and bigger church.
Review Of Activities
Over the stated period the church managed to provide church service every Sunday. In addition, there were additional church service for special dates in the honour of saints. The church has conducted 0,1S and 0 marriage, funeral, and christening services, respectively. The church is currently conducting its services in a rented church which allows a limited hour on Sunday. This has constrained the service of the church. To overcome this problem the Trustees have obtained a new church to continue its services and has begun repair work on the building.
Financial Results
Statement Of Activities
Surplus for the year ending is £381,402.
Statement of Financial Position
The church has unrestricted funds of £381,402.
St George Eritrean Orthodox Church For The Year Ending 31st January 2023
| PROFIT & | LOSS | BALANCE | SHEET | |
|---|---|---|---|---|
| ACCOUNT HEADERS | DEBIT | CREDIT | DEBIT | CREDIT |
| Statement Of Activities | ||||
| Donations | - | 271,506.76 | ||
| Tithing | - | 228,980.00 | ||
| Casual Wages | 4,800.00 | - | ||
| Purchases | 12,071.92 | - | ||
| Rent & Rates | 1,509.00 | - | ||
| Bank Charges | 25.00 | - | ||
| Repairs & Renewals | 91,552.05 | - | ||
| Travel Exp | 72.44 | - | ||
| Phone | 215.60 | - | ||
| Professional Fees | 6,006.82 | - | ||
| Accountancy Fees | 500.00 | - | ||
| Legal Fees | 2,331.00 | - | ||
| Statement Of Financial Position | ||||
| Property Cost | 700,000.00 | - | ||
| Bank Account | 35,359.31 | - | ||
| Accruals | - | 500.00 | ||
| Unrestricted Funds | - | 100,356.38 | ||
| Loan From Members | - | 121,500.00 | ||
| Other Loans | - | 131,600.00 | ||
| TOTAL OF COLUMN | 119,083.83 | 500,486.76 | 735,359.31 | 353,956.38 |
St. George Eritrean Orthodox Church Chairperson Report For The Year Ending 31[st] January 2023
For the year ending 31[st] January 2023 the charity was entitled to exemption from audit under 477 of the Companies Act 2006. No member has required the church to obtain an audit of its accounts for the year in question in accordance with section 476.
The Trustees acknowledge their responsibility for:
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Ensuring the church keeps accounting records which comply with the requirements of the Act.
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- Preparing accounts which give a true and fair view of the situation of the church as at the end of this profit and loss for the financial year in accordance with the requirements of the church Act relating to accounts, so far as applicable to the church.
The accounts were approved by the Trustees on 8[th] November 2023 and signed on their behalf by:
Habtom Gebre Chair
8[th] November 2023
St. George Eritrean Orthodox Church Notes To the Financial Statements For The Year Ending 31[st] January 2023
Statutory Information
The Church is a registered charity number 1147523, the liability for members of the charity being limited to £1 each. The presentation currency of the financial statements is pound sterling.
Principal Accounting Policies
Accounting Convention
The financial statements are prepared under the historic cost convention. In preparing the financial statements the Church follows the best practice in the UK asset out in Accounting and Reporting by Charities: Statement of Recommended Practice2015—FRS102.
Income
Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity must fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Expenditures
Expenditures are included when incurred.
Going Concern
The cash and income of the charity has steadily increased in the foreseeable future and based on this the Trustees are in the view that there are no economic indicators that show that the sustainability of the charity is under threat soon,