ST. MARINA COPTIC ORTHODOX CHURCH BRISTOL
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31[st] MARCH 2025
ST. MARINA COPTIC ORTHODOX CHURCH BRISTOL
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31st March 2025
CONTENTS
| PAGE | |
|---|---|
| CONTENTS | 1 |
| CHARITY INFORMATION | 2 |
| TRUSTEES REPORT | 3 |
| INDEPENDENT EXAMINER’S REPORT | 4 |
| STATEMENT OF FINANCIAL ACTIVITIES | 5 |
| BALANCE SHEET | 6 |
| EXPENDITURE | 7-8 |
| NOTES | 9-10 |
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ST. MARINA COPTIC ORTHODOX CHURCH Bristol
Charity Information
For the Year Ended 31[st] March 2025
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 Morcous {7} Mr Tamer Guirguis {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 2025
The trustees present their report and accounts for the period ended 31st March 2025
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 are focusing to repairs the front entrance ,front garden and also on the damping on the wall.
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:
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(a) Select suitable accounting policies and apply them consistently.
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(b) Make judgments and estimated that are reasonable and prudent.
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(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' report was approved by the Board of Trustees.
Mr. Mark Galtta
Trustee
Mr. Mark Galtta
Date :01/09/2025
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Independent Examiner's Report to the Trustees of St. Marina Coptic Orthodox Church
I report to the trustees on my examination of the financial statements of St Marina Coptic Orthodox Church, Bristol (the charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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Accounting records were not kept in accordance with section 130 of the 2011 Act or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of
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accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Accountant
Mahir Tawfig FMAAT
Dated: 01/09/2025
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ST. MARINA COPTIC ORTHODOX CHURCH Bristol
Statement of Financial Activities for the period Ended 31st March 2025
| 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 2024 Total Funds C/F at 31 March 2025 |
Unrestricted Restricted Total Funds Funds Funds 2025 2025 2024 £ £ 50,060 0 39,758 1,055 0 20 32,277 0 35,892 0 0 0 11,278 0 13,692 0 0 90 3,077 0 2,633 |
|---|---|
| 97,747 0 92,085 |
|
| 69,021 0 76,437 69,021 0 76,437 |
|
| 28,726 0 15,648 |
|
| 289,698 0 274,051 318,424 0289,698 |
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S T M A R I N A
ST. MARINA COPTIC ORTHODOX CHURCH Bristol
| BALANCE SHEET AS AT 31ST March 2025 Note Fixed Assets Tangible Assets 2 Free hold Property CURRENT ASSETS Cash at Banks and in Hand Net Assets Funds Unrestricted Funds Total Funds |
2025 2024 £ £ 10965 0 160,000 160000 147,459 129,698 |
|---|---|
| 318,424 289,698 |
|
| 318,424 289,698 |
|
| 318,424 289,698 |
These financial statements were approved and authorised for issue on 01/09/2025
and signed on behalf of the Trustees by
Mr. Mark Galtta
Trustee
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ST. MARINA COPTIC ORTHODOX CHURCH Bristol
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31ST MARCH 2025
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 Deprecation Sunday school Other Expense Legal & Professional Fees Administration Costs Bank Charge Net Movement in Funds |
2025 £ 3240 416 20,300 528 715 1,522 |
26,721 42,300 0 |
2024 £ 4,463 278 10300 523 476 707 |
16,748 56,539 30 |
|---|---|---|---|---|
| 9,489 8,736 3,250 14,440 1,332 1,293 3,238 522 |
10,646 2660 8,905 32,549 0 0 1029 750 |
|||
| 0 | 30 | |||
| 69,021 | 73,317 |
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ST. MARINA COPTIC ORTHODOX CHURCH Bristol
----- Start of picture text -----
2. Tangible Assets Motor
Car
£
Cost
At 01 April 2024 12,297
Depreciation
Charge for the year 1,332
Net Book Value 10,965
at 31 March 2025
----- End of picture text -----
The motor vehicle is being depreciated on a straight-line basis over five years with no residual value. The asset was acquired on 13 September 2024, and depreciation was prorated for 6.5 months in the current financial year.
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ST. MARINA COPTIC ORTHODOX CHURCH Bristol
Year ended 31[st] March 2025
Accounting Policies
1. Basis of Preparation of Accounts
The financial statements have been prepared under the historical cost convention and in accordance with:
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The Charities SORP (FRS 102)
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The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
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The Charities Act 2011
The charity qualifies as a small entity under FRS 102 and has taken advantage of the exemption from preparing a cash flow statement. The accounts are prepared on a going concern basis , and the trustees have assessed that there are no material uncertainties regarding the charity’s ability to continue operating.
2. Fund Accounting
The charity maintains its accounts using fund accounting , distinguishing between:
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Unrestricted funds : available for general use
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Restricted funds : subject to specific conditions imposed by donors or grant providers
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Endowment funds (if applicable): held for long-term investment or specific purposes
Transfers between funds are made only when permitted by the fund terms and properly authorised by the trustees.
3. Income Recognition
Income is recognised when the charity has entitlement , receipt is probable , and the amount can be measured reliably .
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Donations and voluntary income are recognised on receipt.
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Grants are recognised when the charity is entitled and conditions are met.
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Gift Aid is recognised on the gross value of qualifying donations, with claims submitted in line with HMRC guidance.
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Investment income is recognised on an accruals basis.
No income is deferred unless specific performance conditions apply.
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4. Expenditure Recognition
Expenditure is recognised when incurred and includes:
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Charitable activities : costs directly related to delivering the charity’s objectives
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Raising funds : costs of fundraising events, campaigns, and donor engagement
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Management and administration : governance, finance, compliance, and support costs not directly attributable to charitable activities
Support costs are allocated to activities on a reasonable and consistent basis.
5. Tangible Fixed Assets
Assets are capitalised where the cost exceeds £[insert threshold, e.g. £500] and the expected useful life exceeds one year.
Depreciation is charged on a straight-line basis over the estimated useful lives:
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Fixtures and fittings: 3–5 years
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IT equipment: 3 years
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Leasehold improvements: over the term of the lease
6. Trustee Remuneration and Related Party Transactions
No trustee received remuneration for their role. Reimbursement of expenses is disclosed where applicable. Any related party transactions are disclosed in accordance with FRS 102 Section 33.
7. Pension Costs
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as incurred.
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