Registered charity No : 1187641 # **ST MARY ERITREAN ORTHODOX TEWAHDO CHURCH** ## **ANNUAL REPORT AND ACCOUNTS** **FOR THE YEAR ENDED ON JANUARY 29, 2025** ## **St Mary Eritrean Orthodox Tewahdo Church** ## **Charity Number 1187641** ## **Trustees** PRIEST DANIEL NEGASH TEKLEBRHAN Director Mr. BEREKET KEBEDE Director Mr. AMANUEL HAILE MOGOS Director Mr. AFWORKI ANDEMARIAM Director ## **Reporting Accountant** AMANUEL HAILE MOGOS 16 Thompson Avenue Parkfield Wolverhampton WV2 3NU ## **Bankers** Natwest Bank 1st Philips Place Birmingham B3 2PT ## **Registered Office** 171 Melbourne Avenue Lozells Birmingham B19 2JA ## **REPORTS OF THE TRUSTEES** The trustees present their reports with unaudited financial statements of the charity for the year ended on January 29, 2025. The trustees have adopted the provisions of Accounting and Reporting by charities: statement of recommended practice applicable to charities preparing their accounts in accordance with the financial reporting standards applicable to UK and republic of Ireland (FRS 102). ## **Objectives and Activities** In general, the main objective of the charity is to advance the Christian religion and in particular the orthodox faith, for the benefit of public mainly, but not exclusively through the holding of prayer meetings, worship services, lectures, public celebration of religious festive, provision of pastoral care and outreach work to enlighten others about the Christian orthodox religion. The charity has been providing the following services and will continue to provide in accordance with its charitable mission and objective: To teach and educate members of the Eritrean Orthodox Tewahdo church community the doctrine and principles of Eritrean Orthodox Tewahdo church. To operate and promote youth activity both spiritual and physical to include the provision of Sunday school, youth meetings and family trips. To teach children and youth Eritrean language and culture in association with Eritrean Orthodox church doctrine and principles. To provide weekly masses (liturgy), performance of the rites of marriage, christening, funeral services and other ceremonies according to the principles of Eritrean Orthodox Church. ## **Achievement and Performance** The management body and volunteers have worked very diligently to serve the congregation throughout the year. More than one hundred fifty students have graduated from Tigrigna class and spiritual lessons of various levels, that is from level one to level four. In addition, they have attended spiritual Mass and gospel choir regularly on the weeks ends. The charity has been continuing building works in the new purchased premises. Most of the major structural works has been accomplished in this fiscal year. ## **Organisation** The charity is based in Birmingham, England (United Kingdom). Its congregation mainly came from Birmingham and its vicinity cities and towns which includes Wolverhampton, Walsall and Dudley. The management of the charity is vested in the trustee committee (Directors) who are appointed by the congregation in a general election which are conducted by the end of term of existing trustees. In general, overall general meeting of trustees and congregation are done annually. The trustee committee (Directors) meets at least once a month either via zoom or physically and are responsible for all decisions taken in relation to the management and administration of the charity. ## **Volunteers** Volunteers, who are member of the church are involved in our church and community activities contribute greatly both to our faith and community work. We encourage out youth to participate in our church activities and strengthen their cultural background and indigenous language. Trustees are responsible for the appointment of new trustee which is governed by charity’s constitution. Trustees (Directors) has created different volunteer committee which includes purchase committee, education committee, wellbeing and safety committee to facilitate the operation of the charity. The trustees are very grateful for all the volunteers who have served the trust, and we believe the invaluable contribution of volunteers in the years to come. ## **Fundraising Activities** The church has continued to receive donations from the congregations in this current year. Furthermore, the charity is exploring option to increase fund raising from gift aids and all the necessarily data base work is in progress. For this reason, the congregation are doing all the required activities and services to continue fundraising activities. ## **Future Plan** The charity has short term and long-term plans to create an environment where the congregation could get enhanced spiritual and charitable services. One of the short term plans are completing the final decoration and painting works for our new church and moving all our operation from the current rented church (Aston parish church). Moreover, the charity will continue training young adults and children in spiritual and religious courses to strengthen and expand services to the congregation and the community in which they operate. ## **St Mary Eritrean Orthodox Tewahdo Church Statement of Profit and Loss** ## **For the Year Ended on 31 January 2025** ## **2025** |||**2025**| |---|---|---| |||**£**| |**Revenue**|**£**|**216,240.00**| ||£|| |Cost of Sales|-|| |**Gross Income**|**£**|**216,240.00**| |**Project Related Expenses**|**£**|**61,768.00**| |Surplus|£|154,472.00| |Less: Settlement of Loan /||| |Debt|£|15,000.00| |**Surplus Carried forward**|**£**|**139,472.00**| ## **St Mary Eritrean Orthodox Tewahdo Church** ||**Balance sheet**|| |---|---|---| ||**As at 31 January 2025**|| |||**2025**| |||**£**| |**Fixed Assets**||**£827,489.00**| |**Current Assets**||| |Debtors||| |Cash at Bank and in hand|£247,796.00|| |Creditor||| |Amount falling due within one year|£0.00|| |Net Current Asset / Liability|£247,796.00|| |**Total Asset less Liability**||**£1,075,285.00**| |Net Assets / Liability||| |Capital and Re-||| |serve||| |Retained Fund|£864,293.00|| |Surplus for the year Ended|£154,472.00|| |Amounts falling after one||| |year|£56,520.00|| |**Charity Fund**||**£1,075,285.00**| ## **St Mary Eritrean Orthodox Tewahdo Church Notes to the accounts For the Year Ended on January 31 2025** Presentation of the currency is in Pound Sterling ( £ ) Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FSR 102 - The financial reporting standard applicable in the UK and Republic of Ireland and the company acct of 2006. Basis of operation The financial statement has been prepared under the historical cost convention as modified by the valuation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. Going concern basis The directors believe that the company is experiencing good level of income from the contribution of its members and it is well placed to manage its business risk successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statement. Tangible fixed Assets Tangible fixed assets other than freehold land, are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value over their estimated live of the assets. Depreciation of the building is not calculated as it was purchased at the end of July 2023 and still repair and maintenance work is undergoing on the site to make suitable for the church service The value of Fixed asset - church building is £ 827,489. ## **St Mary Eritrean Orthodox Tewahdo Church Notes to the accounts For the Year Ended on January 31 2025** ## Accountancy Policy ## Income Income represents the value of income donation received during the year |||**2025**| |---|---|---| |||**£**| |Creditors : Amount falling with in||| |one year||£0.00| |Statement of Financial Activ-||| |ity||| ||Unrestricted
|Restricted| ||Fund
|Fund| |Income Sources||| |Membership|£18,125.00|£0.00| |Donation|£198,115.00|£0.00| |Total Incoming resources|**£216,240.00**|£0.00| |Total Expenditure|**£61,768.00**|£0.00| |Net Incoming resources for the||| |year|£154,472.00|£0.00| |Fund balances brought forward|£864,293.00|£0.00| |Movement in the year|£154,472.00|£0.00| |Liabilities due less than one||| |year|£0.00|| |Fund balances carried for-||| |ward|£1,018,765.00|£0.00| |**Net current asset**|**£1,018,765.00**|**£0.00**| |Liabilities due after one year|£56,520.00|| Charity fimd £1,075,285.00 £0.00 **St Mary Eritrean Orthodox Tewahdo Church Schedule to the Profit and Loss account For the Year Ended on January 31,2025** |**Income**
Income from membership
Donations
Other income
**Total income**
**Project related expenses**
Rent
Church office equipment
Gas and Utility
Broadband and phone charge
Stationeries
Courses and Training
Annual religious celebrations
Volunteer expenses
Insurance expense
Miscellaneous expense
**Total Expenses**
**Net income**|**2025**
**£**
£18,125.00
£198,115.00
£0.00| |---|---| ||**£216,240.00**| ||£11,989.00
£4,472.00
£3,398.00
£544.00
£1,838.00
£5,000.00
£3,404.00
£28,700.00
£1,092.00
£1,331.00| ||**£61,768.00**| ||| ||**£154,472.00**|