Charity No. 1167069
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**TRUSTEES’ REPORT AND FINANCIAL STATEMENTS**
**YEAR ENDED 5 APRIL 2021**
## **SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
## **CONTENTS**
||**Page**|
|---|---|
|Reference and Administrative Information|1|
|Report of the Trustees|2 - 5|
|Independent Examiner’s Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Statement of cash flows|9|
|Notes to the Financial Statements|10 - 16|
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 1**
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
|**Trustees**||
|---|---|
||Dr Ihab Tadros|
||Mr Michael George|
||Dr Ashraf Khir|
||Dr Ramy Ramzy Fahmy|
||Mrs Isis Salib|
||Mr Tarik Siha|
||Dr Vabyola Zaki - Fahmi|
|**Registered Charity Number**|1167069|
|**Registered office**|Broad Walk|
||Hounslow|
||TW5 9AB|
|**Independent Examiner**|Fortus Midlands Limited|
||Hamilton Office Park|
||31 High View Close|
||Leicester|
||Leicestershire|
||LE4 4LJ|
|**Bankers**|HSBC Plc|
||79 Piccadilly|
||London|
||W1J 8EU|
**Page 2**
## **SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
## **REPORT OF THE TRUSTEES**
## **FOR YEAR ENDED 5 APRIL 2021**
The Trustees present their report along with the financial statements of the charity for the year ended 5 April 2021. The financial statements have been prepared in accordance with the accounting policies set out on pages 10 and 11 and comply with the charity’s trust deed, the Charities Act 2011 and the provisions of Accounting and Reporting by Charities’ Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Objectives and Activities**
The objectives of SMPK are to advance the religion of the Coptic Orthodox Church.
For the purpose of attaining the aforesaid Objectives, but not otherwise, SMPK shall provide and maintain a place or places of public worship for worship and the officiating of sacraments and for the due performance of rites in accordance with the Practice of the Coptic Orthodox Church.
The Coptic Church is a member of “Churches Together in Britain and Ireland” and also an active member of “The Orthodox Oriental Churches Council”, together with the Armenian, Eritrean, Ethiopian, Indian, and Syrian churches in Great Britain.
## **Coptic Orthodox Diocese of London**
St. Mary and Pope Kyrillos VI Church is part of the Coptic Orthodox Diocese of London.
## **Summary of the main achievements of the charity**
St Mary and Pope Kyrillos VI Church in Hounslow is open most days of the week for celebrating the Divine Liturgy, prayer meetings, seminars, group discussions, Bible studies, Coptic language lessons, Coptic hymns lessons and other church activities.
The church provides sports activities to the children of the church.
The Trustees have paid due regard to the public benefit guidance as published by the Charity Commission. SMPK works with the London Borough of Hounslow in providing Soup Kitchen and regular weekly food and clothes distribution to the homeless and needy in the Borough.
As the COVID-19 pandemic started, the amount and frequency of these services has increased dramatically but the logistics changed to reflect the public health guidelines while distributing food and clothes and working closely with the council of the Borough of Hounslow.
During the year, SMPK continued to contribute in the Multi Faith community meetings and participated in many other meetings with the aim of creating harmony in the local community. In addition, SMPK has been actively participating in the Standing Advisory Council on Religious Education (SACRE) in the Borough of Hounslow.
## **Performance of fundraising activities against objectives**
During the year, the church collected funds from the congregation to either buy or create new facilities to accommodate and enlarge its various services.
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 3**
## **REPORT OF THE TRUSTEES - CONTINUE**
## **FOR THE YEAR ENDED 5 APRIL 2021**
## **Financial Review**
The statement of financial activities is set out on page 7 and shows the result of the year. The charity incurred costs in furtherance of its objects of £169,863 (2020: £196,506) after taking into account these expenses and other management and administrative expenses of £14,672 (2020: £19,952), the net incoming resources were £52,165 (2020: £35,766).
At 5 April 2021, as shown on the balance sheet on page 8, the charity has net assets of £1,905,973 (2020: £1,853,808) which were mainly held in fixed assets as shown on note 6 and in bank deposits and current accounts.
## **The charity’s principal sources of funds**
The charity’s main source of funding was the donations received from its members in the form of standing orders, direct transfers to the charity’s bank account or by cheques and cash through the church boxes.
## **The charity’s expenditure**
The expenditure during the year was incurred in maintaining the church and making it available to the public to use for worship; the payment of the priest’s salary, the provision of Sunday schools to teach the children the faith of the church and to provide help to the needy in the community.
## **Reserves policy**
The Trustees aim to keep in reserve enough funds to cover unplanned emergency expenses.
## **Investment policy and objectives**
The Trustees’ investment powers are governed by the Trust Deed, which permits the Charity’s funds to be invested in properties, any cash investments and chattels as they see fit. The Trustees have considered that the most appropriate policy, until it builds its reserves, is to keep its funds in a bank account.
## **Risk management**
The main risks which may face the charity are:
1. Reduction in donations from the congregation:
The charity relies on donations from a large number of donors; this reduces the risk of large fluctuations in the income from donations.
2. Internal control risks:
Internal control risks are minimized by the implementation of procedures and controls for receiving and paying cash and cheques.
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 4**
## **REPORT OF THE TRUSTEES - CONTINUED FOR THE YEAR ENDED 5 APRIL 2021**
## **Future plans**
The charity’s plan is to increase the space available for the congregation to pray and to create a new space for Sunday school and other activities. The working solution at the moment is to build a mezzanine in the church. Negotiations with contractors is still ongoing. Finding a suitable contractor and completing the project is still a priority for next year. Also, setting up a nursery is a foreseen project once there is suitable space to set it up. This is to help the congregation and the wider working community of Hounslow.
## **Description of charity’s trusts**
The charity was formed on 12 May 2016 as a charitable incorporated organisation, registered with the Charity Commission, registration number 1167069 and is governed by the Charities Act 2011 and its constitution dated 12 May 2016.
## **Controlling party**
SMPK is managed by the trustees. No individual member/ trustee has overall control.
## **Trustee selection methods**
The trustees are appointed by the Diocesan Bishop.
## **Names of the charity trustees who manage the charity**
The Trustees who served during the year were as stated below:
Dr Ihab Tadros Mrs Isis Salib Mr Michael George Dr Ashraf Khir Dr Ramy Ramzy Fahmy Dr Vabyola Zaki - Fahmi Mr Tarik Siha
## **Policies and procedures adopted for the induction and training of trustees**
The trustees are members of the church and as such are familiar with the practical work of the charity. The trustees will make available to each new trustee, on or before his or her appointment:
- a copy of the current version of the constitution; and
- a copy of the latest Trustees’ Annual Report and statement of accounts.
## **The charity’s organisational structure and any wider network with which the charity works**
SMPK is an indivisible part of the Coptic Orthodox Church in Egypt which has as its Supreme Head, the Pope of Alexandria and derives its spiritual authority to function from the Holy Council of the Coptic Orthodox Patriarchate in Cairo, Egypt. Such authority cannot be changed, altered, modified or revoked.
The Coptic Orthodox Archbishop of London is appointed by the Holy Synod of the Coptic Orthodox Church by written decree over the area, known as the Diocese of London, which includes this charity.
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 5**
## **REPORT OF THE TRUSTEES - CONTINUED FOR THE YEAR ENDED 5 APRIL 2021**
## **Decision making**
The Trustees of SMPK may take decisions either:
- at a meeting of the charity trustees; or
- by resolution in writing or electronic form agreed by all of the charity trustees.
## **Statement of trustees’ responsibilities in relation to the financial statements**
The trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of Trustees and signed on behalf of the board on 31 January 2022.
……………………………………………
Michael George
Trustee
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 6**
## **Independent Examiner's Report to the Trustees of Saint Mary and Pope Kyrillos VI Coptic Orthodox Church (SMPK)**
I report to the trustees on my examination of the accounts of Saint Mary & Pope Kyrillos VI Coptic Orthodox Church (‘the charity’) for the year ended 5 April 2021, which are set out on pages 7 to 16.
## **Responsibilities and basis of report**
As the trustees of the charity 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 giving me reasonable cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 this report in order to enable a proper understanding of the accounts to be reached.
Richard Buckby FCA Fortus Midlands Limited Hamilton Office Park 31 View Close Leicester LE4 9LJ
Date: 31 January 2022
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 7**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021**
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**funds**|**funds**|**funds**|**funds**|
|||**2021**|**2021**|**2021**|**2020**|
||**Note**|**£**|**£**|**£**|**£**|
|**Income and endowments from**||||||
|Donations|3|214,962|6,124|221,086|207,767|
|Charitable activities||15,509|-|15,509|35,680|
|Other incoming resources||105|-|105|8,777|
|||-----------------|-----------------|-----------------|-----------------|
|**Total income**||230,576|6,124|236,700|252,224|
|**Expenditure**||||||
|Charitable activities|4|139,916|29,947|169,863|196,506|
|Other||14,672|-|14,672|19,952|
|||----------------|-----------------|-----------------|-----------------|
|**Total expenditure**||154,588|29,947|184,535|216,458|
|||-----------------|-----------------|----------------|-----------------|
|**Net income**||75,988|(23,823)|52,165|35,766|
|**Net movement in funds**||**75,988**|**(23,823)**|**52,165**|**35,766**|
|||-----------------|-----------------|-----------------|------------------|
|**Total funds brought forward**|11/12|||||
|||414,462|1,439,346|1,853,808|1.818,042|
|||-----------------|-----------------|-----------------|-----------------|
|**Total funds carried forward**|11/12|490,450|1,415,523|1,905,973|1,853,808|
-----------------------------------------------------------------
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 8**
## **BALANCE SHEET AT 5 APRIL 2021**
||||**2021**||**2020**|
|---|---|---|---|---|---|
||**Note**|**£**|**£**|**£**|**£**|
|**Fixed assets**||||||
|Tangible assets|6||1,786,262||1,813.,124|
|**Current assets**||||||
|Debtors|7|45,807||29,171||
|Cash at bank and in hand|8|261,325||255,329||
|||-----------------||-----------------||
|Total current assets||307,132||284,500||
|Creditors: Amounts falling due within one|9|(61,784)||(60,841)||
|year||||||
|||------------------||------------------||
|**Net current assets**|||245,348||223,659|
|Creditors: Amounts falling due after one|9||(125,637)||(182,975)|
|year||||||
||||-------------------||-------------------|
|**Net assets**|||1,905,973||1,853,808|
||||-------------------||-------------------|
|**Funds**||||||
|Restricted income funds|12||1,415,523||1,439,346|
|Unrestricted funds|11||490,450||414,462|
||||-------------------||-------------------|
|**Total funds**|||1,905,973||1,853,808|
||||-------------------||-------------------|
The financial statements were approved and authorised for issue by the Board on .31 January 2022 and signed on behalf of the board by:
……………………………….
Michael George Trustee
The notes on pages 10 to 16 form part of these financial statements.
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 9**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2021**
|||**2021**|**2020**|
|---|---|---|---|
||**Note**||**£**|
|**Cash flows from operating activities**|14|15,076|15,779|
|Purchase of fixed assets||(9,080)|(1,902)|
|||----------------|----------------|
|**Net cash provided by investing activities**||5,996|13,877|
|Cash at 6 April 2020||255,329|241,452|
|||----------------|----------------|
|**Cash at 5 April 2021**||261,325|255,329|
|||----------------|----------------|
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 10**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **1. Basis of preparation**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Going concern**
The trustees consider that there are no uncertainties about the charity’s ability to continue as a going concern. The donation from the church’s congregation will cover any future liabilities.
## **2. Accounting policies**
## **Income**
## **Recognition of income**
Income is recognised in the year in which the charity is entitled to receive and the amount can be measured with reasonable certainty. All voluntary income which comprises of donations and church boxes is included in income on a receivable basis.
## **Tax reclaim on donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor **.**
## **Income from membership subscriptions**
Membership contributions received in the nature of a gift are recognised in Donations and Legacies.
## **Expenditure and liabilities**
## **Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of obligation can be measured with reasonable certainty.
## **Resources expended**
Resources expended are included in the Statement of Financial Activities on an accruals basis inclusive of any irrecoverable VAT.
## **Charitable activities**
Direct charitable expenditure includes all staff costs, property and other expenditure directly related to the charitable activities of the charity.
## **Governance and support cost**
Support costs have not been allocated between governance costs and other costs. Support costs include central functions.
Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
## **Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
## **Taxation**
The charity is a registered charity and as such its income and gains falling within the Income Tax Act 2007 are exempt from corporation tax to the extent that they are applied to its charitable objectives.
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 11**
## **NOTES TO THE FINANCIAL STATEMENTS – CONTINUED FOR THE YEAR ENDED 5 APRIL 2021**
## **Assets**
## **Tangible fixed assets for use by the charity**
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Freehold buildings – 2% straight line (excluding land) Fixtures and fittings church and hall – 10% straight line
## **Restricted Funds**
The restricted funds are made up of £124,324 related to donations made specifically towards the purchase of a house near the church to be used for the church’s activities and £1,291,199 which is the value of the Church building donated by The Coptic Orthodox Church Foundation.
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 12**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2021**
## **3. Analysis of income**
||**Unrestricted**|**Restricted**|**Total funds**|**Total funds**|
|---|---|---|---|---|
||**funds**|**funds**|**2021**|**2020**|
||**£**|**£**|**£**|**£**|
|**Donations and legacies**|||||
|Donation and gifts|190,229|6,124|196,353|185,272|
|Gift Aid|24,733|-|24,733|22,495|
||--------------|--------------|--------------|--------------|
|**Total**|214,962|6,124|221,086|207,767|
|**Charitable activities**|||||
|Canteen sales|15,139|-|15,139|34,660|
|Bookshop sales|370|-|370|1,020|
||--------------|--------------|--------------|------------|
|**Total**|15,509|-|15,509|35,680|
|**Separate material item of income**|||||
|Miscellaneous|105|-|105|8,777|
||--------------|--------------|--------------|--------------|
|**Total**|105|-|105|8,777|
||----------------|------------------|------------------|------------------|
|**Total Income**|230,576|6,124|236,700|252,224|
||======|=======|=======|=======|
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 13**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2021**
|**4.**|**Analysis of expenditure**|||||
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total funds**|**Total funds**|
|||**funds**|**funds**|**2021**|**2020**|
|||**£**|**£**|**£**|**£**|
||**Expenditure on charitable activities**|||||
||Church and community services|51,112|-|51,112|74,388|
||Staff costs|63,501|-|63,501|64,267|
||Property expenses|19,308|-|19,308|22,816|
||Depreciation of tangible assets|5,995|29,947|35,942|35,035|
|||--------------|--------------|--------------|--------------|
||**Total expenditure on charitable activities**|139,916|29,947|169,863|196,506|
|||=======|=======|=======|=======|
||**Other expenditure**|||||
||Loan interest|6,663|-|6,663|8,621|
||Governance costs|8,009||8,009|11,331|
|||--------------|--------------|--------------|--------------|
||**Total other expenditure**|14,672|-|14,672|19,952|
|||-----------------|-----------------|-----------------|-----------------|
||**Total expenditure**|154,588|29,947|184,535|216,458|
|||--------------|--------------|--------------|--------------|
|**5.**|**Staff Costs**|||||
|||||**2021**|**2020**|
|||||**£**|**£**|
||Salaries and wages|||59,000|59,000|
||Social security costs|||3,185|3,959|
||Pension costs|||1,316|1,308|
|||||-------------|-------------|
||**Total staff costs**|||63,501|64,267|
|||||======|======|
No employees earned more than £60,000 in the year (2020: none).
The average number of employees during the year was 1 (2020: 1).
No trustee received remuneration or reimbursed expenses in the year (2020: none).
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 14**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2021**
## **6. Tangible fixed assets**
||**Freehold Land**|**Freehold Land**|**Fixtures &**|**Fixtures &**|**Total**|
|---|---|---|---|---|---|
||**& Buildings -**|**& Buildings -**|**Fittings -**|**Fittings - Hall**||
||**Church**|**Hall**|**Church**|||
||**£**|**£**|**£**|**£**|**£**|
|**Cost**||||||
|At 6 April 2020|1,540,570|241,818|242,277|11,593|2,036,258|
|Additions|-|-|9,080|-|9,080|
||--------------|--------------|--------------|--------------|--------------|
|At 5 April 2021|1,540,570|241,818|251,357|11,593|2,045,338|
||=======|=======|=======|=======|=======|
|**Depreciation**||||||
|At 6 April 2020|57,735|18,802|144,468|2,129|223,134|
|Charge for year|4,811|4,836|25,136|1,159|35,942|
||--------------|--------------|--------------|--------------|--------------|
|At 5 April 2021|62,546|23,638|169,604|3,288|259,076|
||=======|=======|=======|=======|=======|
|**Net Book Value**|--------------|--------------|--------------|--------------|--------------|
|At 5 April 2021|1,478,024|218,180|81,753|8,305|1,786,262|
||=======|=======|=======|=======|=======|
|At 5 April 2020|1,482,835|223,016|97,809|9,464|1,813,124|
||=======|=======|=======|=======|=======|
The value of land was £1,300,000. Substantially all assets are held for charitable purposes.
## **7.**
## **Debtors**
## **8.**
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Prepayments and accrued income|807|6,676|
|Other debtors|45,000|22,495|
||----------------|---------------|
||45,807|29,171|
||=======|=======|
|**ash at bank and in hand**|||
||**2021**|**2020**|
||**£**|**£**|
|Cash at bank and in hand|261,325|255,329|
||=======|=======|
## **Cash at bank and in hand**
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 15**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2021**
|**9.**|**Creditors – amounts falling due**|**within one year**|||||
|---|---|---|---|---|---|---|
||||||**2021**|**2020**|
||||||**£**|**£**|
||Taxation and social security||||2,177|1,932|
||Stake holder pension||||256|-|
||Accruals and deferred income||||3,630|5,015|
||Other creditors||||105|-|
||Coptic Orthodox Church Foundation||||55,616|53,894|
||||||----------------|---------------|
||||||61,784|60,841|
||||||=======|=======|
||**Creditors – amounts falling due**|**after one year**|||||
||||||**2021**|**2020**|
||||||**£**|**£**|
||Coptic Orthodox Church Foundation||||125,637|182,975|
||||||=======|=======|
|**10.**|**Financial Instruments**||||||
||||||**2021**|**2020**|
||||||**£**|**£**|
||**Carrying amount of financial assets**||||||
||Debt instruments measured at amortised cost||||45,000|22,495|
||||||=======|=======|
||**Carrying amount of financial liabilities**||||||
||Financial liabilities measured at|amortised cost|||3,735|5,015|
||||||=======|=======|
|**11.**|**Unrestricted Funds**||||||
|||**Balance at 6**|**Income**|**Expenditure**|**Transfers /**|**Balance at 5**|
|||**April 2020**|||**Gains/(losses)**|**April 2021**|
|||**£**|**£**|**£**|**£**|**£**|
||General reserve funds|414,462|230,576|(154,588)|-|490,450|
|||--------------|--------------|--------------|--------------|--------------|
|||414,462|230,576|(154,588)|-|490,450|
|||=======|=======|=======|=======|=======|
|**12.**|**Restricted Funds**||||||
|||**Balance at 6**|**Income**|**Expenditure**|**Transfers /**|**Balance at 5**|
|||**April 2020**|||**Gains/(losses)**|**April 2021**|
|||**£**|**£**|**£**|**£**|**£**|
||Purchase of house|118,200|6,124|-|-|124,324|
||Church buildings|1,321,146|-|(29,947)|-|1,291,199|
|||--------------|--------------|--------------|--------------|--------------|
|||1,439,346|6,124|(29,947)|-|1,415,523|
|||=======|=======|=======|=======|=======|
|||**Balance at 6**|**Income**|**Expenditure**|**Transfers /**|**Balance at 5**|
|||**April 2019**|||**Gains/(losses)**|**April 2020**|
|||**£**|**£**|**£**|**£**|**£**|
||Purchase of house|114,300|3,900|-|-|118,200|
||Church buildings|1,350,185|-|(29,039)|-|1,321,146|
|||--------------|--------------|--------------|--------------|--------------|
|||1,464,485|3,900|(29,039)|-|1,439,346|
|||=======|=======|=======|=======|=======|
**SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**Page 16**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2021**
## **13. Trustees and related parties**
## **Transactions with trustees**
The charity did not have any transactions with the trustees (2020: £nil)
## **Trustees’ remuneration and benefits**
The trustees did not receive any remuneration or benefits in the year (2020: £nil)
## **Trustees’ expenses**
The trustees were not reimbursed for any expenses during the year (2020: £nil)
## **Transactions with related parties**
During the year there were the following transactions with the Coptic Church Foundation:
1. Interest of £6,663 was reimbursed by SMPK to Coptic Orthodox Church Foundation (2020 :£6,663). 2. Repayment of loan for purchase of SMPK property £55,616 (2020: £53,894) At the balance sheet date, the balance outstanding was £181,253 (2020 :£236,869)
## **Key management personnel**
The charity considers its Trustees to be its Key Management Personnel who are not remunerated for their services **.**
## **14. Reconciliation of net income/expenditure to net cash flow from operating activities**
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|**Net income (per SOFA)**|52,165|35,766|
|Depreciation charge|35,942|35,035|
|Decrease/(increase) in debtors|(16,635)|450|
|(Decrease)/increase in creditors|(56,396)|(55,472)|
||----------------|---------------|
|**Net cash from operating activities**|15,076|15,779|
||=======|=======|
## **SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
**The following pages are for the information of the trustees only and do not form part of the statutory financial statements.**
## **SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
## **DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021**
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|**INCOMING RESOURCES**|||
|Donations and incoming resources|||
|Membership contributions|129,984|126,485|
|Church boxes|28,803|55,854|
|Donations|62,299|25,429|
|Church Canteen and Bookshop|15,509|35,680|
|Sunday School|-|-|
|Other incoming resources|||
|Miscellaneous income|105|8,777|
|Donated assets - property|-|-|
||----------------|---------------|
|**Total incoming resources**|236,700|252,225|
|**RESOURCES EXPENDED**|||
|**Direct charitable expenditure**|||
|**Property expenses**|||
|Rates and water|94|206|
|Light and heat|12,598|13,097|
|Insurance|3,214|3,134|
|Repairs and maintenance|683|3,697|
|Cleaning|2,719|2,681|
|Depreciation|35,942|35,035|
||----------------|---------------|
||55,250|57,850|
|**Church and community services**|||
|Donations to other churches|-|20,887|
|London Diocese expenses|23,446|22,434|
|Social services|17,600|4,500|
|Sunday school and education|3,259|6,553|
|Church minibus expenses|659|265|
|Church canteen and bookshop|6,148|17,061|
|Miscellaneous expenses|-|2,689|
||----------------|---------------|
||51,112|74,389|
|**Staff costs**|||
|Salaries and wages|59,000|59,000|
|Social security costs|3,185|3,959|
|Pension costs|1,316|1,308|
||----------------|---------------|
||63,501|64,267|
||----------------|----------------|
|**Total expenditure on charitable activities**|169,863|196,506|
||=======|=======|
|**Other expenditure**|||
|Loan interest|-|8,385|
|**Governance costs**|||
|Office costs|1,461|1,452|
|Independent Examiner’s fees|2,100|2,340|
|Legal & professional|4,448|7,775|
||----------------|----------------|
||8,009|11,567|
## **SAINT MARY AND POPE KYRILLOS VI COPTIC ORTHODOX CHURCH (SMPK)**
## **DETAILED INCOME AND EXPENDITURE ACCOUNT - CONTINUED FOR THE YEAR ENDED 5 APRIL 2021**
|**Total expenditure**
**Net income / (expenditure)**
Fund balances brought forward at 6
April 2020
**Fund balances carried forward at 5**
**April 2021**|----------------
184,535
=======
**52,165**
1,853,808
**1,905,973**|----------------
216,458
=======
**35,766**
1,818,042
**1,853,808**|
|---|---|---|
||||