# **ST. MARY & ST. MINA COPTIC ORTHODOX CHURCH** **TRUSTEES’ REPORT AND FINANCIAL STATEMENTS** **YEAR ENDED 5 APRIL 2024** ## **ST. MARY & ST. MINA COPTIC ORTHODOX CHURCH** NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 5th April 2024 ## **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| |NOTES|8| S T . M A R Y & S T . M I N A C H U R C H P a g e 1 ## **ST. MARY & ST. MINA COPTIC ORTHODOX CHURCH** ## Charity Information For the Year Ended 5th April 2024 **TRUSTEES** {1} Mr Adel Zaher Sawires {2} Dr. Naguib Fayez Naguib Guirgis {3} Mrs Nadia Sewaha {4} Mr Emad Mourad Ghaly Khella **SECRETARY** Mr. Adel Zaher Sawires **TREASURER** Mrs Nadia Sewaha **CHARITY NUMBER** 1184183 **Date of Registration** 01 Jul 2019 **BANKERS** Barclays Kingston upon Thames Surrey S T . M A R Y & S T . M I N A C H U R C H P a g e 2 ## **ST. MARY & ST. MINA COPTIC ORTHODOX CHURCH** ## **TRUSTEES REPORT FOR THE PERIOD ENDED 05th April 2024** The trustees present their report and accounts for the period ended 05 April 2024 ## **Trustees** The trustees named on page 2 have served throughout the period Appointment of Trustees is governed by the Charity constitution. The Coptic orthodox Archbishop of London shall appoint all charity trustees to fill vacancies arising through resignation or death. of an existing trustee. ## **Investment Powers** The Charity constitution authorizes the trustees to make and hold investments using the general funds of the charity ## **Objects of the Charity** objects are to advance the religion of the Coptic Orthodox Church. ## **Development, Activities and Achievements** The trustees consider that the performance and services of the charity this period has been. most satisfactory The Charity 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 is looking to purchase a church building in the New Malden or surrounding area to enable it to introduce services on Sundays and other days of the week. ## **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 approved this report on 13/08/2024 and signed on their behalf, Trustee S T . M A R Y & S T . M I N A C H U R C H P a g e 3 ## **Independent Examiner's Report to the Trustees of St. Mary & St. Mina Coptic Orthodox Church** I report to the trustees on my examination of the financial statements of St Mary & St Mina Coptic Orthodox Church, New Malden (the charity) for the year ended 05 April 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: 29/10/2024 S T . M A R Y & S T . M I N A C H U R C H P a g e 4 ## **ST. MARY & ST. MINA COPTIC ORTHODOX CHURCH** ## **Statement of Financial Activities for the period Ended 05th April 2024** |Note.
**INCOMING RESOURCES**
Membership contribution
Collection & Church Boxes
Sales/Donation
Exhibition
Gift Aids Recovered
**Total Incoming Resources**
**RESOURCES EXPENDED**
**Charitable expenditure**
Management and administration of the
charity
1
**Total Resources Used**
**NET INCOMING RESOURCES**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Funds
2024
£
26,705
1,189
21,199
6,023
11,155
**66,271**
17,557
**17,557**
**48,714**
134,045
**182,760**|Total
Funds
2023
£
20,425
2,108
10,822
6,435
0| |---|---|---| |||**39,789**| |||17,609
**17,609**| |||**22,180**| |||111,865| |||**134,045**| P a g e 5 S T . M A R Y & S T . M I N A C H U R C H ## **ST. MARY & ST. MINA COPTIC ORTHODOX CHURCH** ## **BALANCE SHEET AS AT 05TH April 2024** |Note
**Fixed Assets**
Tangible Assets
**CURRENT ASSETS**
Cash at Banks and in Hand
**Total Assets**
**CURRENT LIABILITIES**
Trade Creditors
Total Current Liabilities
NET ASSETS
**Funds**
Unrestricted Funds
**Total Funds**|2024
Unrestricted
funds
£
0
182,760
**182,760**
0
182,760
182,760
**182,760**|2023
Total
funds
£
0
134,045| |---|---|---| |||**134,045**| |||| |||0| |||| |||134,045| |||134,045| |||**134,045**| These financial statements were approved and authorised for issue on 13/08/2024 And signed on behalf of the Trustees by Trustee S T . M A R Y & S T . M I N A C H U R C H P a g e 6 ## **ST. MARY & ST. MINA COPTIC ORTHODOX CHURCH** |**NOTES TO THE ACCOUNTS FOR THE PERIOD**
**1. Charitable Expenditure**
**Management & Administration of Charity**
**Priest Accommodation, Salaries &**
**Expenses**
Clergy Living expense
Travelling expenses
**Church Expenses**
Contribution for use the church
Charitable Activities
**Administration Costs**
Bank Charge
**Net Movement in Funds**|**ENDED 05TH April 2024**
2024
£
5,862
2,500
8,362
9,195
0
9,195
0
0
17,557|**ENDED 05TH April 2024**
2024
£
5,862
2,500
8,362
9,195
0
9,195
0
0
17,557|2023
£
5800
1,210|7,010
10,599
0| |---|---|---|---|---| ||9,195
0||9595
1004|| ||0||0|| |||||| |||17,557||17,609| S T . M A R Y & S T . M I N A C H U R C H P a g e 7 ## **ST. MARY & ST. MINA COPTIC ORTHODOX CHURCH** ## **Year ended 05th April 2024** ## **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 ## **Income** Voluntary income and donation are accounted for as received by the charity. ## **Management and Administration Expenditure** Expenditure on management and administration of the charity includes alt expenditure. not directly related to the charitable activity. Members of the church council who served during this period are stated below. {1} Mr Adel Zaher Sawires Secretary {2} Mrs Nadia Sewaha Treasurer {3} Mr Emad Mourad Ghaly Khella - {4} Dr. Naguib Fayez Naguib Guirgis Trustee S T . M A R Y & S T . M I N A C H U R C H P a g e 8