## **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| S T M A R I N A P a g e 1 ## **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 S T M A R I N A P a g e 2 ## **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: - (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' report was approved by the Board of Trustees. Mr. Mark Galtta Trustee ## **Mr. Mark Galtta** Date :01/09/2025 S T M A R I N A P a g e 3 ## **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: - Accounting records were not kept in accordance with section 130 of the 2011 Act or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of - 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 S T M A R I N A P a g e 4 ## **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**
0**289,698**| P a g e 5 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 S T M A R I N A P a g e 6 ## **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| S T M A R I N A P a g e 7 ## **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. S T M A R I N A P a g e 8 ## **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: - The **Charities SORP (FRS 102)** - The **Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)** - 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: - **Unrestricted funds** : available for general use - **Restricted funds** : subject to specific conditions imposed by donors or grant providers - **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** . - **Donations and voluntary income** are recognised on receipt. - **Grants** are recognised when the charity is entitled and conditions are met. - **Gift Aid** is recognised on the gross value of qualifying donations, with claims submitted in line with HMRC guidance. - **Investment income** is recognised on an accruals basis. No income is deferred unless specific performance conditions apply. S T M A R I N A P a g e 9 ## **4. Expenditure Recognition** Expenditure is recognised when incurred and includes: - **Charitable activities** : costs directly related to delivering the charity’s objectives - **Raising funds** : costs of fundraising events, campaigns, and donor engagement - **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: - Fixtures and fittings: 3–5 years - IT equipment: 3 years - 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. S T M A R I N A P a g e 1 0