ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ST GEORGE EPISCOPAL CONGREGATION
CHARITY REGISTRATION NUMBER: 1167052
Gift Aid Services Ltd 63 Wansford Road Woodford Green Essex IG8 7AD
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ST GEORGE EPISCOPAL CONGREGATION
| INDEX Index Legal & Administrative Trustee’s Report Independent Examiner’s Report Receipts and Payments Account Statement of Assets and Liabilities Notes on the Financial Statements |
Page 2 3 4-6 7 8 9 10 |
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ST GEORGE EPISCOPAL CONGREGATION
LEGAL AND ADMINSTRATIVE INFORMATION
CHARITY NUMBER 1167052 END OF FINANCIAL YEAR 31 MARCH 2024
TRUSTEES AT 31 DECEMBER
MR BABU VARUGHESE REV JOMON K PUNNOOSE MR NELSON DANIEL MR RAJAN VASUDEVAN ANU JACOB
GOVERNING DOCUMENT CHARITABLE INCORPORATED ORGANISATION
REGISTERED ADDRESS 17 WADHAM ROAD GORLESTON GREAT YARMOUTH NR31 7NR
PRIMARY BANKERS HSBC PLC
INDEPENDENT EXAMINERS GIFT AID SERVICES LTD 63 WANSFORD ROAD WOODFORD GREEN ESSEX IG8 7AD
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ST GEORGE EPISCOPAL CONGREGATION
TRUSTEES REPORT FOR YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
ST GEORGE EPISCOPAL CONGREGATION is charity created by Charitable Incorporated Organisation and is a registered charity with the Charity Commission.
The objectives are
To advance the Christian Religion in accordance with the faith and rites of the Syrian Orthodox Lineage in the United Kingdom and the World for the benefit of the public through the holding of prayer meetings, worship services, lectures, public celebration of religious festivals producing and/or distributing literature on the Christian Religion to enlighten others about the Christian Religion.
The following is an account of the activities, events and general progress of ST GEORGE EPISCOPAL CONGREGATION.
The Ministry continues to establish and develop which is, at present is its primary activity.
GENERAL INFORMATION
The Charity continues to meet in Norfolk.
SUPPORT TO OTHER CHARITABLE ORGANISATIONS
ST GEORGE EPISCOPAL CONGREGATION is committed to supporting agencies and projects which carry out valuable and essential services by way of donations to charities suggested by the membership.
TRUSTEE MEETING
The trustees held meetings during which the progress of the Congregation was discussed and plans to increase the church numbers of activities in the Community was also discussed.
CONCLUSION
The commitment of the members to the vision of ST GEORGE EPISCOPAL CONGREGATION has allowed us to maintain a vibrant and healthy environment for spiritual and natural growth. We are proud of this growth and we thank God for it.
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Conclusion
The members of ST GEORGE EPISCOPAL CONGREGATION are committed to the vision of the Church. The commitment and dedication of the members has created such enabling environment in community, and therefore given us more opportunities to socialize for better growth.
Financial Review and Reserves Policy
The income of the charity for the year ended 31 March 2024 was £28,278 by way of Donations. The cost of charitable activities was £15,969 . This was spent directly and indirectly to support the charities activities. At the end of the year there was a favorable net movement of funds amounting to £12,309. At the end of the year, 31 March 2024 , there was an unrestricted fund balance amounted to £33,471 . The charity’s policy is to retain reserves, in the form of unrestricted funds, to a level where they equate in value approximately 12 months expenditure. This should provide a reasonably secure financial base on which to plan future projects and commit to related expenditure, before external funding has been fully secured. The charity is reviewing its reserves policy so that the charity would be able to continue its current level of activities in the event of a significant drop in funding.
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Charity Examiners
It was agreed to appoint Olivia Gerrar as the Independent Examiner.
Approved: By the Trustees…………………………... Dated …………………………
STATEMENT OF TRUSTEES RESPONSIBLITIES
Under the Charities Act 1993, the trustees are required to prepare a statement of accounts for the accounting year which gives a true and fair view of the state of the church. They are required to
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select suitable accounting policies and apply them consistently.
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make judgments and estimates that are reasonable and prudent.
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state whether the applicable accounting standards have been followed.
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prepare financial statements on an ongoing basis
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the charity at any time and to ensure that such accounts comply with the charities Act 1993. They also have a responsibility to safeguard the assets of the church and take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on …………………………… 20 January 2025 and
Signed on their behalf by:………………………………………………, Trustee.
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INDEPENDENT EXAMINER REPORT TO THE TRUSTEES OF ST GEORGE EPISCOPAL CONGREGATION
I report on the accounts of the Charity for the year ended 31 March 2024, which are set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the charity are responsible for the preparation of accounts: they consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act)), does not apply. It is my responsibility to:
Examine the accounts under section 43(3) of the 1993 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 43(7)(b) of the 1993 Act, and
State whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS REPORT
My examination was carried out in accordance with the General Direction given by the Charity Commissioner’s. An examination included a review of the accounting records kept. It also includes consideration of any unusual items of disclosures in the accounts. And seeking examinations from you as trustees concerning any matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and as a result I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
In accordance with my examination, no matter has come to my attention:
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which gives me a reasonable cause to believe that in any material respect the requirements:
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to keep accounting record in accordance with section 41 of the 1993 Act and
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to prepare which accord with the accounting records and to comply with the accounting requirements of the 1993 Act.
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Have not been met
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Gift Aid Services Ltd 63 Wansford Road Woodford Green Essex IG8 7AD
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ST GEORGE EPISCOPAL CONGREGATION
ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
Receipts & Payments Account (General Purpose Fund)
| Income Receipts | £ |
|---|---|
| Tithes & Offering | 28,280 |
| Fundraising | - |
| Total Receipts |
28,280 |
| Direct Charitable Expenditure | £ |
| Rent & Hall Hire | 2,214 |
| Church Mass | 4,360 |
| Support Cost |
9,000 |
| Insurance | 255 |
| Bank Charges | 140 |
| Total Payments | 15,696 |
| Net Receipts/Payments for the year | 12,309 |
| Cash Funds brought forward | 21,162 |
| Cash Funds at the end of the year | 33,471 |
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ST GEORGE EPISCOPAL CONGREGATION
- Statements of Assets and Liabilities at 31 March 2024
Cash Funds Unrestricted Funds 2024 £ Bank 33,471 Total Cash Funds 33,471
Assets Retained for the Charity’s Own Use Equipment Liabilities Accounting fee 240
Approved by the Trustees and signed on their behalf
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ST GEORGE EPISCOPAL CONGREGATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payment basis under section 42(3) of the Charities Act 1993.
Funds
Unrestricted funds are those which can be used at the Trustee’s discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Employees
The charity had no employees during the financial year. All work was undertaken by volunteers.
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purpose or aims that are for the public benefit. Details of how this is achieved is provided in the trustee’s report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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