Trustees' Report
For the Year Ended 31 December 2022
Holy Apostolic Catholic Assyrian Church of the East (Charity Number: 1186274)
Activities
The objects of the CIO are, for the public benefit, to advance the Christian faith in the tradition of the Holy Apostolic Catholic Assyrian Church of the East in the United Kingdom, primarily but not exclusively through the provision of a place or places of worship, the administration of the sacraments, rites, and ceremonies of the Church according to its usage and forms.
Trustees
Trustees during the year and since year end were:
Name Role Date Bishop Awraham Youkhanis Chair App. 05 November 2019 Deacon Younan David Michael Trustee and Secretary App. 15 August 2021 Deacon Aoner Yonan Trustee App. 21 December 2021
Financial Reporting and review
The Trustees have reasonable expectation that the CIO has adequate resources to continue operating for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
The Trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the CIO’s continuing obligations on a regular basis at their board meetings.
Structure, Governance, and management
The CIO was formed through a constitution dated 21[st] October 2019 and commenced activity on 5[th] November 2019.
The CIO is governed by a constitution which was submitted for approval of the Charity Commission prior to registration which has not been amended. In setting objectives and planning activities the Trustees have given due consideration to the general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a Charity (PB2)
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Funding
The CIO’s primary sources of funding come from parishioners and supporters of the Assyrian Church of the East in the United Kingdom. Donations are collected in general and for proposed projects undertaken by the CIO.
Regulations and safeguarding
The CIO’s Trustees have implemented processes and procedures for compliance of legal requirements of the CIO and its activities:
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a) DBS Checks – a safeguarding officer appointed and overseen by a member of the Trustees has established the CIO’s safeguarding policy and identified members of the CIO’s Trustees and appointed committee members for DBS certification.
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b) Insurance Policies – The CIO asked for external review of its property and areas of activity for full compliance of its legal obligations.
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c) Health and safety – Health and Safety policy implemented in areas of operation.
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d) Fire Risk Assessment – A risk assessment and Fire Plan were put in place for the Church building including exit and assembly points.
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e) Financial – the CIO has an established finance department to control its finances which included a member of the Trustees of the CIO
The Charity remains committed to adhering to all applicable regulations and standards, including those related to safeguarding. We have continued to review and update our safeguarding policies to ensure the safety and well-being of all members of our congregation, especially children and vulnerable adults.
Overview of CIO activities
Church Renovations and Hall Construction: Thanks to the generous donations and efforts of our community, we successfully completed the construction of a new community hall during the year. This hall is essential for hosting a variety of community gatherings, events, and activities, catering to the needs of both the young and old members of our congregation. The project not only enhances our facilities but also strengthens the sense of community among our members.
The CIO has also been involved with several local charitable campaigns, including toy drives which is done every year among its charitable activities.
Statement of Trustees’ responsibilities
The Trustees are responsible for preparing the Trustees’ report and the 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 state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles of the Charities SORP (FRS 102);
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M2ke judgmcnt5 Ind accounting cstimkn that art reasonable and prudcn¢ Stare whether applicable UK Accountsng Stand2nts (FRS IO¥ have becn followuL subject ¢0 Prewe the financial ststements on the goiDg concern basis unless it is inapproptite to presume that the ChIry Twill cofttinue in bu5incss. The Trustecs arc tcsponsible for keeping #d4uate ccountll)g records th2t arc suffiacnt to show and exp]ain the Charity's tr3nsactions 2nd disdose with reasonable accuracy at gny time the fitwlcial position of the CharitlP 2nd enable them ¢0 ensutt that the financial statements compty vjith the Charities Act 2011, the Charity (Accounts 8nd RetK)ns) RelatiOnS 2(X)8 2nd the provisions of the Trust deed. They *re also tesFK)nsibic for safeguarth the asscts of the Charity and hence fi)r takng rea50nablc stcps for the prevenuon and dctcctioft of fr2ud and othcr ittclarirIC& Approved by order of the members of the board of Trusttts oo 9 septem 21123 and signed on the&r behalf by. Dcacon Younan David chad
HOLY Aposfouc CATHOUC ASSYRIAN CHURCH OF THE EAST STATEMENT OF FINA14CIAL ACTIVITIES FOR THE YEAR ENDING 31 OECEMBER 2022 St Mary's Cathedrnl. Assyrian Churth of the East Westmlnster Road London W7 3TU UNITED KINGDOM Chartty number 1186274 PREPAREO BY Account Solutionbiz WWW.AC OUNTSOL TION.BI Referen¢e No: A51191
HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST
St Mary's Cathedral, Assyrian Church of the East Westminster Road London W7 3TU UNITED KINGDOM
Charity number 1186274
TRUSTEES
Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service
| Name | Role | Date of Appointment |
|---|---|---|
| Bishop Awraham Youkhanis | Chair | 05-Nov-2019 |
| Younan David Michael | Trustee | 15-Aug-2021 |
| Aoner Yonan | Trustee | 21-Dec-2021 |
HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST
St Mary's Cathedral, Assyrian Church of the East Westminster Road London W7 3TU UNITED KINGDOM
Charity number 1186274
Activities - how the charity spends its money
The objects of the CIO are, for the public benefit, to advance the Christian faith in the tradition of the Holy Apostolic Catholic Assyrian Church of the East in the United Kingdom, primarily but not exclusively through the provision of a place or places of worship, the administration of the sacraments, rites and ceremonies of the Church according to its usage and forms.
HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST
TRUE AND FAIR OVERIDE - ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2022
The accounts (financial statements) have been prepared in accordance with the relevant version of the 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) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The accounts (financial statements) have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the relevant version of the 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST
TRUSTEES' REPORT FOR THE YEAR ENDING 31 DECEMBER 2022
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and the relevant version of the 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).
INDEPENDENT EXAMINER'S REPORT
To the members of the Holy Apostolic Catholic Assyrian Church of the East
I report to the trustees on my examination of the financial statements of the Holy Apostolic Catholic Assyrian Church of the East ("the charity") for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the charity's financial statements 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(S)(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:
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►Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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►The financial statements do not accord with those records; or
►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) Regulation 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.
We 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 financial statements to be reached.
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Reference No: AS1191
Date:05/09/2023
HOLY Aposfouc CATHOUC ASSYRIAN CHVRCH OF THE EAsr STATEMENT OF FINANCIAL AcrivmES FOR THE YEAR ENDED 31 OECEMBER 2022 Unrestrkted 2022 Unrestrirted 2021 INCOME AND fXPENDtTURE Not• INCOME FROM.. Donations and Legaaes Charitable A¢tlviiles Income from Other Tradine AciNlties Investments Ukraine Appeal Government Grant Ukralne COVID 19- Furlough Scherne 192,899 16.881 17.277 58 42.352 2,1(Xl 150,742 5,448 24 40,962 TOTAL IIKOME 171.567 201.080 EXPENDITURE ON: Chafltable activities 99,065 92,601 42.352 12,416 80.767 52.697 Support Costs Ukraine Appeal Other Tradln8 Actlvlties TOTAL EXPENDITURE 246,433 133.4164 NET MOVEMENT IN FUNDS 67.616 RECONCIUATION OF FUN05: Total funds brou8ht forward TOTAL FUNO CARRIED FOAWARO 921.777 854.161 946.911 921.777
HOLY AP05TOUC CATHOUC ASSYRIAN CHURCH OF THE EAST 8ALANCE SHEET FOR THE YEAR ENDED 310ECEM8ER 2022 2021 2021 Nthe FIXEO ASSETS Tangible assets 893,768 893.761 850,877 a50?7 CURRENT ASSETS Cash at bank and in hand 55,828 76,767 LIABILMES Creditors.. amounts falling due wlthln one year NET CURRENT ASSETS li 12.6861 15.8671 53.143 70,900 946,911 921,777 FUNDS OF THE CHARfTY Unrestflcted funds 12 946,911 921,777 TOTAL FUNDS 946,911 921,777
HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST
NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| 1. | Donations and legacies | 2022 | 2021 |
|---|---|---|---|
| £ | £ | ||
| Offerings | 53,863 | 36,068 | |
| Contribution | 32,833 | 34,397 | |
| Donations | 63,375 | 45,359 | |
| Candles | 845 | ||
| Gift Aid | 14,391 | ||
| Ladies Committee | 26,035 | 21,942 | |
| Book Shop | 324 | 80 | |
| Calendars | 953 | 280 | |
| Diocesan Contribution | 11,700 | ||
| Tree of Life Magazine | 205 | 815 | |
| Amazon Smile | 75 | 99.92 | |
| 192,899 | 150,742 | ||
| 2. | Charitable Activities | 2022 | 2021 |
| £ | £ | ||
| Youth Committee | 7,850 | 3,904 | |
| Edessa Language Class | 1,210 | ||
| Jeruselum Trip | 2,100 | ||
| Patriarchal visit | 5,721 | ||
| 16,881 | 3,904 | ||
| 3. | Income from Other Trading Activities | 2022 | 2021 |
| £ | £ | ||
| Online Charity Store | 81 | 1,367 | |
| Raffle Ticket Sales | 0 | 1,875 | |
| Christmas Carols Night | 4,750 | 2,207 | |
| Food Festival | 12,446 | ||
| 17,277 | 5,448 | ||
| 4. | Investments | 2022 | 2021 |
| £ | £ | ||
| Interest Income | 58 | 24 |
HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST
| NOTES TO FINANCIAL STATEMENTS | NOTES TO FINANCIAL STATEMENTS | |||
|---|---|---|---|---|
| FOR THE YEAR ENDED 31 DECEMBER 2022 | ||||
| 5. | ExpenditureonCharitable Activities | Note | 2022 | 2021 |
| £ | £ | |||
| Staff Costs | Sa | 74,332 | 74,408 | |
| Governance Costs | 3,765 | 3,117 | ||
| Youth Committee | 2,896 | 1,693 | ||
| Edessa School Expense | 695 | |||
| Jeruselum Trip | 3,300 | |||
| Patriarchal Visit | 13,586 | |||
| Church Expenses | 490 | 1,549 | ||
| 99,065 | 80,767 | |||
| Sa | Staff Costs and numbers | 2022 | 2021 | |
| £ | £ | |||
| Salaries | 70,000 | 70,000 | ||
| Employer's NI Contribution | 2,232 | 2,308 | ||
| Employer's Pension Contribution | 2,100 | 2,100 | ||
| 74,332 | 74,408 | |||
| Number of staff | 3 | 3 | ||
| 6. | Support Costs | Note | 2022 | 2021 |
| £ | £ | |||
| Clergy Travel & Accomodation | 6,582 | 2,133 | ||
| Transportation Expenses | 486 | 285 | ||
| Insurance | 4,897 | 4,098 | ||
| Webmail, IT and Alarm | 5,504 | 3,100 | ||
| TV Licence | 159 | 159 | ||
| Bishopric Expenses | 4,310 | 4,224 | ||
| Light and Heat | 4,875 | 2,600 | ||
| Water Rates | 1,164 | 711 | ||
| Telephone & Broadband | 568 | 695 | ||
| Printing, Postage and Stationery | 3,998 | 3,409 | ||
| Equipment Rental | 957 | 1,439 | ||
| Repairs & Maintenance | 10,237 | 852 | ||
| Ladies Committee Expenses | 3,903 | 2,621 | ||
| Immigration Expenses | 373 | 4,648 | ||
| Merchant Fees | 619 | 456 | ||
| Cleaning and Waste Disposal | 763 | 758 | ||
| Depreciation | 28,601 | 18,575 | ||
| Clergy Resettlement Costs | 7,489 | |||
| Patriarchal Travel | 5,928 | |||
| Occupation Health Costs | 744 | |||
| Sundry Expenses | 1,188 | 1,190 | ||
| 92,601 | 52,697 | |||
| 7. | Ukraine Appeal | 2022 | 2021 | |
| £ | £ | |||
| Ukraine Appeal | 42,352 | |||
| 42,352 | ||||
| 8. | Expenditure on Other Trading Activities | Note | 2022 | 2021 |
| £ | £ | |||
| Food Festival | 11,027 | |||
| Events | 1,388 | |||
| 12,416 |
9. Trustee Reimbursement Expenses
A reimbursement was made to Bishop Mar Awraham You khan is of £5,821.59 in relation to church travel and sundry expenses for the year ending 31st December 2022
HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST
NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Freehold 10. Fixed Assets - tangible assets Propery £ Cost/ valuation 01 January 2022 721,608 Additions 31 December 2022 721,608 Depreciation 01 January 2022 Charge for the year 31 December 2022 Net book value 31 December 2022 721,608 Net book value 31 December 2021 721,608 11. Creditors: Amounts falling due within one year Accruals for donations payable Kitchen refurbishment PAYE & NI 12. Statement of Funds |
Refurb / Fixtures & Fittings £ 113,641 89,388 203,028 14,865 23,738 38,603 164,425 113,641 |
Motor Vehicle £ 10,481 10,481 3,494 3,494 6,988 3,494 10,481 |
Equipment £ 5,147 678 5,825 216 1,369 1,585 4,241 5,147 2022 £ 1,883 802 2,686 |
Total £ 850,877 90,066 |
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|---|---|---|---|---|---|---|
| 940,943 18,575 28,601 47,175 |
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| 893,768 | ||||||
| 850,877 | ||||||
| 2021 £ 4,026 450 1,391 5,867 |
| Unrestricted funds - CURRENT PERIOD General Funds Total funds Unrestricted funds - PRIOR PERIOD General Funds Total funds |
Balance at 1 January 2022 Income £ £ 921,777 271,567 921,777 271,567 Balance at 1 January 2021 Income £ £ 854,161 201,080 854,161 201,080 |
Balance at 31 December Expenditure 2022 £ £ (246,433) 946,911 (246,433) 946,911 Balance at 31 December Expenditure 2021 £ £ (133,464) 921,777 (133,464) 921,777 |
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