ST. MARINA COPTIC ORTHODOX CHURCH BRISTOL
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31[st] MARCH 2023
ST. MARINA COPTIC ORTHODOX CHURCH BRISTOL
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31st March 2023
CONTENTS
| PAGE | |
|---|---|
| CONTENTS | 1 |
| CHARITY INFORMATION | 2 |
| TRUSTEES REPORT | 3 |
| STATEMENT OF FINANCIAL ACTIVITIES | 4 |
| BALANCE SHEET | 5 |
| EXPENDITURE | 6 |
| NOTES | 7 |
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ST. MARINA COPTIC ORTHODOX CHURCH Bristol
Charity Information
For the Year Ended 31[st] March 2023
TRUSTEES {1} His Grace Bishop Antony {2} Mrs Roseline Makar {3} Mr David Bebawy {4} Dr Ibrahim Barsoum {5} Mr Mark Galtta {6} Dr Boules Wadie Morcous {7} Mr Tamer Guirgis {8} Mr Mina Louka
SECRETARY Mr Mark Galtta TREASURER Mr.David Bebway CHARITY NUMBER 1149736 Date of Registration 13 November 2012 BANKERS LIoyds Bank 257 Whitley Road Whitley Bay Tyne & Wear NE26 2SY
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ST. MARINA COPTIC ORTHODOX CHURCH Bristol
TRUSTEES REPORT FOR THE PERIOD ENDED 31[st] March 2023
The trustees present their report and accounts for the period ended 31st March 2023
Trustees
The trustees named on page 2 have served throughout the period Appointment of Trustees is governed by the Trust Deed of the charity The Board of Trustees is Authorized to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
Investment Powers
The Trust Deed authorizes the trustees to make and hold investments using the general funds of the charity
Constitution, Objects and Policies
Trust Deed constitutes the Charitable Trust, and its objects are to provide worship for believers of the Coptic Orthodox Faith. The policy of the Charitable Trust continues to be the provision of additional finance in order that its objects stated above might be further achieved.
Development, Activities and Achievements
The trustees consider that the performance of the charity this period has been most satisfactory the trust would not be able to provide such a wide service to our beneficiaries without the continued support of a large number of willing members.
Financial Review
The financial position of the charity is considered most satisfactory this year.
Future Plans
The church has managed to do a major repair in the church including the roof and installing a new Heating system to the church and to the hall, security alarm, new fence with the difficult time with covid-19.
Statement of Trustees Responsibilities
The trustees are required under the constitution of the charity to prepare financial Statements for each financial year, which give a true and fair view of the state of affairs of the charity and of its results for that period. In preparing those financial statements: -
the trustees are required to:
-
(a) Select suitable accounting policies and apply them consistently.
-
(b) Make judgments and estimated that are reasonable and prudent.
-
(c) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
The trustees approved this report on 07/11/2023 and signed on their behalf,
Mr. Mark Galtta
Trustee
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ST. MARINA COPTIC ORTHODOX CHURCH Bristol
Statement of Financial Activities for the period Ended 31st March 2023
| Note. INCOMING RESOURCES Membership contribution Collection & Church Boxes Sales/Donation Fund Raising Events Gift Aid Recovered Utility Refund Investment Income (Interest Received) Total Incoming Resources RESOURCES EXPENDED Charitable expenditure Management and administration of the charity 1 Total Resources Used Net Movement in Funds for the period Balance Brought Forward at 1 April 2022 Total Funds C/F at 31 March 2023 |
Unrestricted Restricted Total Funds Funds Funds 2023 2023 2022 £ £ 46,285 0 30,680 120 0 217 37,410 0 59,707 0 0 0 16,333 0 10,998 215 0 2,014 0 0 0 |
|---|---|
| 100,363 0 103,615 |
|
| 98,572 0 85,319 98,572 0 85,319 |
|
| 1,791 0 18,296 |
|
| 272,260 0 253,963 274,051 0272,260 |
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ST. MARINA COPTIC ORTHODOX CHURCH Bristol
| BALANCE SHEET AS AT 31ST March 2023 Note Fixed Assets Tangible Assets Free hold Property 2 CURRENT ASSETS Cash at Banks and in Hand Net Assets Funds Unrestricted Funds Total Funds These financial statements were approved and authorised for issue on …… and signed on behalf of the Trustees by ...................... Trustee |
2023 2022 £ £ 0 0 160,000 160,000 114,051 112,260 |
|---|---|
| 274,051 272,260 |
|
| 274,051 272,260 |
|
| 274,051 272,260 |
|
| ……………...... |
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S T M A R I N A
ST. MARINA COPTIC ORTHODOX CHURCH Bristol
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31ST MARCH 2023
1. Charitable Expenditure
| Management & Administration of Charity Priest Accommodation, Salaries & Expenses Electricity, Water & Council Tax Telephone & Tv Licence Clergy Salary Travel Expenses Motor Exp Car Insurance Church Expenses Utility Bills Premises Insurance Charitable Activities Repairs & Renewal Labour Other Expense Legal & Professional Fees Administration Costs Bank Charge Net Movement in Funds |
2023 £ 3680 331 5,400 2,918 2,902 552 |
15,783 82,759 30 |
2022 £ 3,253 159 8700 744 381 660 |
13,898 71,421 0 |
|---|---|---|---|---|
| 4,925 2,423 17,000 56,632 0 1,029 750 |
4,317 2244 3,000 58,473 1,858 209 1320 |
|||
| 30 | 0 | |||
| 98,572 | 85,319 |
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ST. MARINA COPTIC ORTHODOX CHURCH Bristol
Year ended 31[st] March 2023
Accounting Policies
Basis of Preparation of Accounts
The accounts are prepared under the historical cost convention and include the results of the charity’s operations.
The accounts have been prepared accordance with the Statement of Recommended Practice for Charity Accounts.
The charity has taken advantage of the exemption to produce a cash flow statement. on the ground that it qualifies as a small charity.
Income
Voluntary income and donation are accounted for as received by the charity.
Management and Administration Expenditure
Expenditure on management and administration of the charity includes all expenditure. not directly related to the charitable activity.
Members of the church council who served during this period are stated below.
-
{1} Mr Mark Galtta Secretary
-
{2} Mr David Bebawy Treasurer
-
{3} Dr Ibrahim Barsoum
-
{4} Mrs Rosline Marker
-
{5} Dr Boules Wadie Morcous
-
{6} Mr Tamer Guirgis
-
{7} Mr Mina Louka
Mahir Tawfig
FMAAT
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