OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-04-30-accounts

REPORT FOR MEMBERS

MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

CHARITY NUMBER 1178901

1

MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

TRUSTEES' ANNUAL REPORT ............................................................................................................ 3 STATEMENT OF TRUSTEES' RESPONSIBILITIES ........................................................................... 6 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES .......................................................... 7 STATEMENT OF FINANCIAL ACTIVITIES ....................................................................................... 8 BALANCE SHEET .................................................................................................................................. 9 NOTES TO THE FINANCIAL STATEMENTS ................................................................................... 10

2

MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 30 APRIL 2025

The Trustees present their annual report and financial statements of the charity for the year ended 30 APRIL 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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).

OBJECTIVES AND ACTIVITIES

ACHIEVEMENTS AND PERFORMANCE

Our Worship and Ministry Schedule

Our community remains steadfast in gathering together, both in person and through digital platforms, to worship, learn, and grow in faith.

Pastoral Care and Outreach

Our ministry reaches far beyond the Sunday pulpit. Each Sunday afternoon, our pastoral team and volunteers devote time to meaningful acts of service:

Congregational Statistics

We give thanks for a vibrant and engaged fellowship of believers.

3

MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

Life Events and Milestones

This past period has been marked by joyful celebrations and tender moments of remembrance within our church family:

A Note on Our Growth

With a total of 30 baptisms this period, we rejoice in God's faithfulness. We see a beautiful convergence of new generations being dedicated to the Lord through infant baptism and adults publicly declaring their faith in Christ. These milestones remind us that the Lord continues to draw people to Himself and build His church among us.

FINANCIAL REVIEW

Total receipts on unrestricted funds were £93,794 (2024: £20,994) of which £81,495 (2024: £20,680) was unrestricted voluntary donations. Restricted donations of £nil were received. £15,595 (2024: £1,260) was spent from unrestricted funds to provide stipends and transportation for the clergy. The church spent £28,533 (2024: £10,048) on renting the church service hall and repair and maintenance to make the space suitable for the services. The net result for the year was an excess of receipts over payments of £38,817 (2024: £7,527) on unrestricted funds. Adding bank and deposit balances brought forward at the beginning of the year, the balances carried forward on 30 April totalled £44,099 (2024: £13,997). The unrestricted fund balance was £49,274 (2024: £10,457).

RESERVES POLICY

It is the Church’s policy to try to maintain a balance on unrestricted funds which equates to at least three months of unrestricted payments. This is equivalent to £15,000. It is held to smooth out fluctuations in cash flow and to meet emergencies. No restricted and Endowment funds were held in the reporting or prior period.

VOLUNTEERS

We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is.

PLANS FOR FUTURE PERIODS

As we look to the future, we continue to strive to fulfil the objective of supporting our members. We hope to continue building on contacts with the Ethiopian Orthodox Church and looking at ways to enhance our networks. We will also work to increase our members' base and generate further income from these activities.

4

MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The governing document of the Charity is its Declaration of Charity made on CIO - ASSOCIATION Registered 22 Jun 2018. The Trustees oversee the total operation of the Charity through a regular review of the operation at their regular meetings.

Risk Management

The Charity's risk management policy is designed to identify and analyse operational and other risks facing the Charity at unacceptable levels, to take steps to mitigate the risks. The main risks can be categorised as: -

  1. Strategic and Reputational Risks.

  2. Financial Risks (Fraud; UK Economy effects).

  3. Compliance Risks (Fire and Health Safety; Security; Filing regulations; Insurance; Data protection, etc.).

Risk management is part of the wider system of internal control. This system encompasses several elements that facilitate an effective and efficient operation, enabling the Charity to respond to various operational, legal, financial, and commercial risks. These elements include policies and procedures, reporting, strategic planning, and budgeting. Strategic planning and budgeting are used to set objectives, agree on action plans, and allocate resources. Progress towards meeting strategic plan objectives is monitored regularly. The risk register is reviewed regularly.

PRINCIPAL FUNDING SOURCES

The principal income sources are donations and grants received from the public and members of the church communities.

GOING CONCERN

No material uncertainties that may cast significant doubt about the ability of the charity to continue as a going concern have been identified by the trustees.

PUBLIC BENEFIT STATEMENT

The Trustees have had due regard to the guidance on public benefit issued by the Charity Commission in exercising their duties.

REFERENCE & ADMINISTRATIVE DETAILS

Charity Name: MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH

Principal Office: 722 HOLLOWAY ROAD LONDON N19 3NH

Trustees:

Rev Seleshe Hailu Gebrye Trustee Hiyaw Mekura Trustee Nebiyu Mamo Tesema Trustee Israel Behilu Trustee Mikael Eyob Trustee Novel Alemu Trustee Meaza Shire Damtew Trustee Henock Addis Trustee Rev Belete Afessa Chair of Trustees

5

MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Annual Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (the United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the Charity deed. They are also responsible for safeguarding the charity's assets and hence for taking reasonable steps to prevent and detect fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the charity and the financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

6

MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

I report to the trustees on my examination of the (the Charity) accounts for the year ended 30 APRIL 2025.

Responsibilities and basis of the report

As the charity trustee of the Charity, you are responsible for preparing the accounts in accordance with the Charities Act 2011 ('the Act').

I report in respect of my examination of Charity's accounts carried out under section 145 of the 2011 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 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 any other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.

Demissie Gebrehiwot, FCCA DBM ACCOUNTANCY LTD Unit 4D, 113-115 Fonthill Road London, N4 3HH

24/02/2026

7

MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025

Unrestricted Total Total
Funds Funds Funds
2025 2025 2024
Notes £ £ £
Income and Endowment from:
Donations and Legacies 2 93,794 93,794 20,994
…......... …......... ….........
Total income and endowments 93,794 93,794 20,994
====== ====== ======
Expenditure on:
Charitable activities:
Church Services and Support 3 54,977 54,978 13,738
--------- --------- ---------
Total Expenditure 54,977 54,978 13,738
---------- ---------- ----------
Net Income 38,817 38,817 7,256
----------- ----------- -----------
Net movement in funds 38,817 38,817 7,256
Funds Balance brought forward 10,457 10,457 3,201
----------- ----------- -----------
Funds Balance carried forward 49,274 49,274 10,457
======== ====== ======

All activities of the Charity are classed as continuing.

8

MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30
APRIL 2025
MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30
APRIL 2025
BALANCE SHEET
AS OF 30 APRIL 2025
2025
2024
Notes £
£
Current Assets
Debtors
5,175
-
Cash at the bank and in hand
44,099
13,997
---------
---------
49,274
13,997
Liabilities
4
Creditors: Amounts falling due within one
year
-
3,540
---------
---------
Net Current Asset
49,274
10,457
---------
---------
Total assets less current liabilities
49,274
10,457
-----------
----------
Creditors: amounts falling due after one year
-
-
----------
----------
Net Assets
49,274
10,457
=======
======
Funds of the charity:
Unrestricted funds
49,274
10,457
---------
---------
Total Funds
49,274
10,457
=====
=====

24/02/2026 These Financial Statements are approved by the trustees on ……………………………... and are signed on their behalf by Rev. Belete Afessa (Chair of Trustees)

9

MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and by the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the Charity is legally entitled to the income, and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to headings, they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

No depreciation is provided as the charity does not own any assets.

Taxation

The Charity is exempt from tax on its charitable activities.

Fund accounting

The charitable objectives can use unrestricted funds at the discretion of the trustees. Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for limited purposes.

Wages and salary costs

The Charity has no paid employees, and the trustees provide their services for free except some of them being paid travel expenses. There was no employee paid more than £60,000.

10

MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

NOTES TO THE ACCOUNT(CONT)

2. DONATIONS AND LEGACIES
Voluntary donations
Other Income (fundraising)
Members contributions
3. CHURCH SERVICES AND SUPPORT EXPENDITURE
Services
Clergies Services fee
Sermon clothes
Services Administration
Support
Rent and Rates
Repair and Maintenance
Computer and related expense
Transport
Cleaning and sundry
Telephone
Travel and Subsistence
Insurance
Total expenditure
2025
£
81,495
9,369
2,930
93,794
2025
£
15,955
3,145
1,523
20,623
26,266
2,287
567
2,046
2,033
99
831
226
34,355
54,977
2024
£
20,680
74
240
20,994
2024
£
1,260
-
1,903
3,163
6,158
3,890
251
137
137
-
-
-
10,575
13,738

11

MEKANE SEMAET ST. ARSEMA ETHIOPIAN ORTHODOX TEWAHEDO CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

NOTES TO THE ACCOUNT(CONT)

4. CREDITORS

CREDITORS
Other creditors 2025
£
-

-
2024
£
3,540
3,540

5. RESTRICTED FUNDS

There were no restricted funds.

6. RELATED PARTIES

During the reporting period, some of the trustees were paid for travel expenses £9,600 (2024: £nil).

7. SUMMARY OF FUND MOVEMENTS

Fund Fund
balance balance
brought carried
forward Income Expenditure forward
£ £ £ £
Unrestricted funds 10,457 93,794 54,977 49,274
Total Funds 10,457 93,794 54,977 49,274

8. CONTINGENT LIABILITIES

There are no contingent liabilities.

12