ARCHANGEL MICHAEL & ST. MINA
COPTIC ORTHODOX CHURCH
SWANSEA
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 March 2025
ARCHANGEL MICHAEL & ST. MINA COPTIC ORTHODOX CHURCH SWANSEA
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31st March 2025
CONTENTS
| PAGE | |
|---|---|
| CONTENTS |
1 |
| CHARITY INFORMATION | 2 |
| TRUSTEES REPORT | 3-4 |
| INDEPENDENT EXAMINER’S REPORT |
5 |
| STATEMENT OF FINANCIAL ACTIVITIES | 6 |
| BALANCE SHEET | 7 |
| EXPENDITURE | 8-9 |
| NOTES | 10 |
ARCHANGEL MICHAEL & ST. MINA CHARITY NO 1174444
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ARCHANGEL MICHAEL & ST. MINA COPTIC ORTHODOX CHURCH SWANSEA
Charity Information
For the Year Ended 31st March 2025
TRUSTEES
-
His Grace Bishop Anthony
-
Dr. Raed Roman
-
Mr. Samir Hanna
-
Mr. Mina Zaky
-
Mr. Sobhy Saad
-
Dr. Happy Tawadros
TREASURER Mr. Sobhy Saad
CHARITY NUMBER 1174444
BANKERS NATWEST
ARCHANGEL MICHAEL & ST. MINA CHARITY NO 1174444
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ARCHANGEL MICHAEL & ST. MINA COPTIC ORTHODOX CHURCH SWANSEA
TRUSTEES REPORT FOR THE PERIOD ENDED 31st March 2025
Trustees
Appointment of Trustees is governed by the Trust Deed of the charity. The Board of Trustees is authorized to appoint new trustees when needed.
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.
Policies reviewed/ updated during the period ending 31/3/2025:
-
Complaints handling
-
Conflicting interests
-
Risk management
-
Safeguarding vulnerable beneficiaries
-
Volunteer management
Vulnerable beneficiaries’ officer roles and responsibilities reviewed.
Current interim Safety Officer: Michael Boules
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 small number of willing members.
Serving Local Community:
The Charity adopts an open-door policy, welcoming all members of the public who may be interested in knowing about the origin/ethos of our ancient faith. Given the current hardship facing the local community, the trustees are committed in providing support to the most need in our society. The trustees agreed to provide regular contributions to the local food bank. Such contribution will be in the form of tangible assets to the food bank or direct monetary support.
Performance of fundraising activities against objectives:
During the year, the church has collected funds from the congregation to pay for its running expenses and donate to some poor families in the community.
Restricted donation:
A donation was received by the charity for the sole purpose of purchasing a church/ property to be the base/centre of the charity. The charity board agreed to recognise the amount deposited for this purpose as a restricted fund until a property is purchased.
ARCHANGEL MICHAEL & ST. MINA CHARITY NO 1174444
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ARCHANGEL MICHAEL & ST. MINA COPTIC ORTHODOX CHURCH SWANSEA
The charity’s expenditure
The expenditure during the year was incurred in repairing the new church, as well as hiring a living accommodation for the visiting priest, paying for travel expenses the provision of Sunday schools to teach the children the faith of the church and to provide help to the needy in the Community. The current income almost matches the monthly expenses. It is hoped, once a permanent church building is established, a fund-raising activity will be initiated to ensure the sustained activities of the charity.
Financial Review
The account report was reviewed by the trustees. The financial position of the charity is considered satisfactory. It is hoped the financial status will improve in the next year as the charity activities continue to expand.
Future Developments
The church is committed to maintaining the building and graveyard in a condition that ensures they remain safe, functional, and suitable for community use. This commitment includes, but is not limited to, the upkeep of interior and exterior decorations, structural integrity, roof condition, heating system maintenance, care and maintenance of the graveyard and surrounding gardens, and ensuring electrical safety in accordance with relevant laws and regulatory guidelines.
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.
-
(d) 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 07/10/2025
ARCHANGEL MICHAEL & ST. MINA CHARITY NO 1174444
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ARCHANGEL MICHAEL & ST. MINA COPTIC ORTHODOX CHURCH SWANSEA
Independent Examiner's Report to the Trustees of Archangel Michael & St. Mina Coptic Orthodox Church
I report to the trustees on my examination of the financial statements of Archangel Michael & St Mina Coptic Orthodox Church, Swansea (the charity) for the year ended 31st March 2024.
Responsibilities and basis of report
As the charity trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011
Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1.accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2.the financial statements do not accord with those records; or
3.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 this report in order to enable a proper understanding of the accounts to be reached.
Accountant
Mahir Tawfig FMAAT
Dated: 07/10/2025
ARCHANGEL MICHAEL & ST. MINA CHARITY NO 1174444
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ARCHANGEL MICHAEL & ST. MINA COPTIC ORTHODOX CHURCH SWANSEA
Statement of Financial Activities for the period Ended 31th March 2025
| Note. | Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||
| 2025 | 2025 | 2025 | 2024 | ||||
| INCOMING RESOURCES | £ | £ | £ | £ | |||
| Membership contribution | 24770 | 0 | 24,770 | 23206 | |||
| Collection & Church Boxes | 1625 | 0 | 1,625 | 0 | |||
| Sales/Donation | 9480 | 0 | 9,480 | 5491 | |||
| Gift Aids recovered | 6102 | 0 | 6,102 | 6842 | |||
| Total Incoming Resources | 41,977 | 0 | 41,977 | 35,538 | |||
| RESOURCES EXPENDED | |||||||
| Charitable expenditure | |||||||
| Management and | |||||||
| administration of the charity | 1 | 120,147 | 0 | 120,147 | 75,982 | ||
| Total Resources Used | 120,147 | 0 | 120,147 | 75,982 | |||
| Net Movement in Funds for the period | -78,170 | 0 | -78,170 | -40,444 | |||
| Balance Brought Forward at 31th March | |||||||
| 2024 | 260,534 | 0 | 260,534 | 300,978 | |||
| Total Funds C/F at 31th March 2025 | 182,364 | 0 | 182,364 | 260,534 |
ARCHANGEL MICHAEL & ST. MINA CHARITY NO 1174444
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ARCHANGEL MICHAEL & ST. MINA COPTIC ORTHODOX CHURCH SWANSEA
BALANCE SHEET AS AT 31st March 2025
| Note Fixed Assets Tangible Assets 2 Free hold Property CURRENT ASSETS Cash at Banks and in Hand Total Assets CURRENT LIABILITIES Trade Creditors Long Term Liabilities Loan Total Current Liabilities NET ASSETS Funds Unrestricted & Restricted Funds Total Funds |
2025 £ 3164 90000 89,200 |
2024 £ 4219 90000 166,315 |
|---|---|---|
| 182,364 | 260,534 | |
| 0 0 182,364 182,364 |
0 | |
| 0 | ||
| 260,534 | ||
| 260,534 | ||
| 182,364 | 260,534 |
These financial statements were approved and authorised for issue on 07/10/2025 and signed on behalf of the trustee by
Mr Sobhy Saad
Trustee
Date: 07/10/2025
ARCHANGEL MICHAEL & ST. MINA CHARITY NO 1174444
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ARCHANGEL MICHAEL & ST. MINA COPTIC ORTHODOX CHURCH SWANSEA
Year ended 31st March 2025
NOTED TO THE ACCOUNTS FOR THE PERIOD ENDED 31ST MARCH 2025
1. Charitable Expenditure
| Management & Administration of Charity Priest Accommodation, Salaries & Expenses Property Rent Electricity, Water & Council Tax Utility Bill Clergy Living expense Travelling Expense Motor Exp Depreciation Church Expenses Utility Bill - Church Sunday school Repairs Other Expenses Church Rental Charitable Activities Professional Fees Net Movement in Funds |
2025 £ 5,988 1331 387 14600 880 3,083 1,055 |
27,324 92,822 |
2024 £ 5772 1017 1,613 8600 620 2123 1406 |
21,151 54,831 |
|---|---|---|---|---|
| 4,789 540 63,870 15,295 0 8,153 175 |
3013 0 14517 2805 1,450 15300 17746 |
|||
| 120,147 | 75,982 |
ARCHANGEL MICHAEL & ST. MINA CHARITY NO 1174444
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ARCHANGEL MICHAEL & ST. MINA COPTIC ORTHODOX CHURCH SWANSEA
Year ended 31st March 2025
| 2. Tangible Assets Cost At 31th March 2023 Additions Depreciation At 1st March 2024 Charge for the year At 31th March 2025 Net Book Value At 31th March 2025 At 31th March 2024 |
Free Hold Motor Totals Property Car £ £ £ 0 7,500 7,500 90000 0 90,000 |
|---|---|
| 90000 7500 97500 |
|
| 0 3281 3281 0 1055 1055 |
|
| 0 4,336 1,055 |
|
| 90,000 3,164 93,164 0 4,219 4,219 |
ARCHANGEL MICHAEL & ST. MINA CHARITY NO 1174444
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ARCHANGEL MICHAEL & ST. MINA COPTIC ORTHODOX CHURCH SWANSEA
Year ended 31st March 2025
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
Fixed Assets
No fixed assets. The Charity is still looking for a church to purchase.
Income
Voluntary income and donation are accounted for as received by the charity and from Gift aid tax recovered.
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.
-
His Grace Bishop Anthony
-
Dr. Raed Roman
-
Mr. Samir Hanna
-
Mr. Mina Zaky
-
Mr. Sobhy Saad
-
Dr. Happy Tawadros
Mr. Sobhy Saad
Trustee
ARCHANGEL MICHAEL & ST. MINA CHARITY NO 1174444
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