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2023-12-31-accounts

Holy Apostolic Catholic Assyrian Church of the East

Registered Charity Number: 1186274

Website: acote.org.uk • Email: info@acote.org.uk • Address: Westminster Road, Hanwell, London W7 3TU, United Kingdom

Trustees’ Report

For the Year Ended 31 December 2023

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. We also organised various community events for children, youth, and seniors to engage and support our diverse congregation.

Trustees

Trustees during the year and since year-end were:

Name Role Date
Bishop Awraham Youkhanis Chair App. 05 November 2019
Younan David Michael Trustee and Secretary App. 15 August 2021
Aoner Yonan Trustee App. 21 December 2021
Evan Bahram Trustee App. 9 March 2024
Lo’ay Nimroud Petros Odish Trustee App. 9 March 2024

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 fulfill the CIO’s continuing obligations on a regular basis at their board meetings.

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Holy Apostolic Catholic Assyrian Church of the East

Registered Charity Number: 1186274

Website: acote.org.uk • Email: info@acote.org.uk • Address: Westminster Road, Hanwell, London W7 3TU, United Kingdom

Structure, Governance, and Management

The CIO was formed through a constitution dated 21st October 2019 and commenced activity on 5th November 2019. The CIO is governed by a constitution which was submitted for approval to the Charity Commission prior to registration and 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).’

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 with the legal requirements of the CIO and its activities:

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.

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Holy Apostolic Catholic Assyrian Church of the East

Registered Charity Number: 1186274

Website: acote.org.uk • Email: info@acote.org.uk • Address: Westminster Road, Hanwell, London W7 3TU, United Kingdom

Overview of CIO Activities

In 2023, the Assyrian Church of the East engaged in a variety of significant activities and initiatives to further our mission and serve our community. A major focus for the year was our relocation project, initiated in October 2023. This community-driven initiative explored the possibility of upgrading our current church building by selling it and acquiring a new one. The end of 2023 saw substantial efforts in fundraising and community engagement, which are expected to continue throughout 2024. This project aims to enhance our facilities to better serve our congregation and support our growing community needs.

In addition to our major project, our regular ministries and activities continued to operate smoothly. Our weekly Sunday services remained the cornerstone of our community life, providing spiritual nourishment and fellowship. The Assyrian Language School offered weekly classes for both adults and children, fostering the preservation and promotion of the Assyrian language and culture. The Seniors Association provided a supportive and engaging environment with weekly gatherings, offering social interaction and various activities. Our youth programs continued to thrive, offering a variety of activities and support for young members of our community. We also hosted several community events, including our annual Summer Festival in London, which brought together families and friends for a day of celebration and cultural enrichment. Additionally, we organised memorable trips, including a visit to the Christmas markets in Vienna and a pilgrimage trip to Jerusalem, offering spiritual and cultural experiences for our members.

Our commitment to charitable initiatives was also strong in 2023. We organised a toy drive for the local children’s hospital, bringing joy and comfort to young patients during the holiday season. Other charity initiatives included supporting local and international groups in need, emphasising our dedication to making a positive impact beyond our immediate community.

Maintaining our facilities remained a priority. Our church and hall, which were fully renovated in 2022, were kept in excellent condition throughout the year. These spaces continue to serve as vital centres for worship, education, and community activities. In conclusion, 2023 was a year of significant progress and sustained effort for the Holy Apostolic Catholic Assyrian Church of the East. We look forward to continuing our mission and expanding our impact in 2024 and beyond.

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Holy Apostolic Catholic Assyrian Church of the East

Registered Charity Number: 1186274

Website: acote.org.uk • Email: info@acote.org.uk • Address: Westminster Road, Hanwell, London W7 3TU, United Kingdom

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:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and 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 2008, and the provisions of the Trust deed. 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.

Approved by order of the members of the board of Trustees on 11 July 2024 and signed on their behalf by:


Younan David Michael Trustee and Secretary

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HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 DECEMBER 2023

St Mary's Cathedral, Assyrian Church of the East Westminster Road London W7 3TU UNITED KINGDOM

Charity number 1186274

PREPARED BY WWW.ACCOUNTSOLUTION.BIZ

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
The following were newly appointed
Evan Bahram
Trustee 09-Mar-2024
Lo'ay Nimroud Petros Odish
Trustee 09-Mar-2024

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 2023

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 2023

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).

HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST

TRUE AND FAIR OVERIDE - INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDING 31 DECEMBER 2023

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 2023 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(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:

 Accounting records were not kept in respect of the charity as required by section 130 of the Act; or

 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.

Date: 09/07/2024

Account Solutionbiz Limited

Vanguard Business Centre Alperton Lane Greenford UB6 7AA

Reference No: AS1191

HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

INCOME AND EXPENDITURE
Note
INCOME FROM:
Donations and Legacies
1
Charitable Activities
2
Income from Other Trading Activities
3
Investments
4
Ukraine Appeal
Government Grant - Ukraine
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
5
Support Costs
6
Ukraine Appeal
7
Other Trading Activities
8
TOTAL EXPENDITURE
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUND CARRIED FORWARD
13
Unrestricted
2023
£
339,859
73,636
16,456
671
0
0
430,622
163,026
104,992
0
7,852
275,870
154,752
946,911
1,101,662
Unrestricted
2022
£
192,899
16,881
17,277
58
42,352
2,100
271,567
99,065
92,601
42,352
12,416
246,433
25,134
921,777
946,911

HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST

Note
2023
£
FIXED ASSETS
Tangible assets
10
865,527
865,527
CURRENT ASSETS
Cash at bank and in hand
213,115
Debtors
11
26,436
LIABILITIES
Creditors: amounts falling due within one year
12
(3,417)
NET CURRENT ASSETS
236,135
NET ASSETS
1,101,662
FUNDS OF THE CHARITY
Unrestricted funds
13
1,101,662
TOTAL FUNDS
1,101,662
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2023
2022
£
893,768
893,768
55,828
(2,686)
53,143
946,911
946,911
946,911

HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1.
Donations and legacies
Offerings
Contribution
Donations
Candles
Gift Aid
Ladies Committee
Book Shop
Calendars
Diocesan Contribution
Tree of Life Magazine
Events Committee
Amazon Smile
2.
Charitable Activities
Youth Committee
Edessa Language Class
Jeruselum Trip
Excursion
Seniors Lunch
Patriarchal visit
3.
Income from Other Trading Activities
Online Charity Store
Raffle Ticket Sales
Christmas Carols Night
General Trading
Food Festival
4.
Investments
Interest Income
2023
£
57,707
47,046
180,730
1,319
0
34,962
647
733
16,715
0
-
0
339,859
2023
£
0
3,118
59,031
7,475
4,012
0
73,636
2023
£
0
1,115
0
1,451
13,890
16,456
2023
£
671
2022
£
53,863
32,833
63,375
845
14,391
26,035
324
953
0
205
-
74.83
192,899
2022
£
7,850
1,210
2,100
-
-
5,721.15
16,881
2022
£
81
-
4,750
-
12,446
17,277
2022
£
58

HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

5.
Expenditure on Charitable Activities
Note
Staff Costs
5a
Governance Costs
Youth Committee
Edessa School Expense
Jeruselum Trip
Excursion
Patriarchal Visit
Charity Donations
Church Expenses
5a
Staff Costs and numbers
Salaries
Employer's NI Contribution
Employer's Pension Contribution
Number of staff
6.
Support Costs
Note
Clergy Travel & Accomodation
Transportation Expenses
Insurance
Webmail, IT and Alarm
TV Licence
Bishopric Expenses
Light and Heat
Water Rates
Telephone & Broadband
Printing, Postage and Stationery
Equipment Rental
Repairs & Maintenance
Ladies Committee Expenses
Bishop Resettlement Expenses
Immigration Expenses
Merchant Fees
Cleaning and Waste Disposal
Depreciation
Clergy Resettlement Costs
Patriarchal Travel
Occupation Health Costs
Sundry Expenses
Admin Charges
2023
£
77,794
1,990
2,824
2,163
59,260
7,992
0
6,482
4,520
163,026
2023
£
74,800
894
2,100
77,794
3
2023
£
8,946
0
5,874
3,851
159
11,173
10,163
1,295
888
692
718
7,268
3,250
-
0
2,265
1,104
43,787
0
0
0
3,559
-
104,992
2022
£
74,332
3,765
2,896
695
3,300
13,586
0
490
99,065
2022
£
70,000
2,232
2,100
74,332
3
2022
£
6,582
486
4,897
5,504
159
4,310
4,875
1,164
568
3,998
957
10,237
3,903
-
373
619
763
28,601
7,489
5,928
0
1,188
-
92,601

HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

7.
Ukraine Appeal
Ukraine Appeal
8.
Expenditure on Other Trading Activities
Note
Food Festival
Events
2023
£
0
0
2023
£
4,605
3,247
7,852
2022
£
42,352
42,352
2022
£
11,027
1,388
12,416

9. Trustee Reimbursement Expenses

A reimbursement was made to Bishop Mar Awraham Youkhanis of £575.64 in relation to church related travel for the year ending 31st December 2023.

HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

10.
Fixed Assets - tangible assets
Freehold
Property
Refurb /
Fixtures &
Fittings
£
£
Cost / valuation
01 January 2023
721,608
203,028
Additions
0
15,547
31 December 2023
721,608
218,576
Depreciation
01 January 2023
0
38,603
Charge for the year
0
38,783
31 December 2023
0
77,387
Net book value
31 December 2023
721,608
141,189
Net book value
31 December 2022
721,608
164,425
11.
Debtors
Loan to Netherlands parish for purchase of church premises
12.
Creditors: Amounts falling due within one year
Accruals for donations payable
PAYE & NI
13.
Statement of Funds
Unrestricted funds - CURRENT PERIOD
Balance at
1 January
2023
£
General Funds
946,911
Total funds
946,911
Unrestricted funds - PRIOR PERIOD
Balance at
1 January
2022
£
General Funds
921,777
Total funds
921,777
Motor
Vehicle
£
10,481
0
10,481
6,988
3,494
10,481
0
3,494
Income
£
430,622
430,622
Income
£
271,567
271,567
Equipment
£
5,825
0
5,825
1,585
1,510
3,095
2,730
4,241
2023
£
26,436
26,436
2023
£
2,455
962
3,417
Expenditure
£
(275,870)
(275,870)
Expenditure
£
(246,433)
(246,433)
Total
£
940,943
15,547
956,490
47,175
43,787
90,963
865,527
893,768
2022
£
-
-
2022
£
1,883
802
2,686
Balance at
31 December
2023
£
1,101,662
1,101,662
0
Balance at
31 December
2022
£
946,911
946,911