## **ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER** **Charity No. 1189910** **Company No. CE022154** **Trustees' Report and Unaudited Accounts** **31 March 2022** **ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER** **Contents** ||Pages| |---|---| |Trustees' Annual Report|2-3| |Independent Examiner's Report|4| |Statement of Financial Activities|5| |Summary Income and Expenditure Account|6| |Balance Sheet|7| |Notes to the Accounts|8 to 10| |Detailed Statement of Financial Activities|11| Page 1 **ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER Trustees Annual Report** The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2022. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Company No. CE022154** ## **Charity No. 1189910** ## **Registered Office** 39 Tottenham Drive MANCHESTER M23 9WH ## **Directors and Trustees** The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: Rev Geevarghese Thandayath Bijoy Alias SAJU PAPPACHAN ASHEN PAUL KERNAL EAPEN JACOB KOSHY ELDO PERINGATTEL KURIAKOSE JOBIN GEORGE SINDU SAJU Dr SABU ABRAHAM SMITHMON MATHAPPAN BINU SKARIAH SHAJI JOSEPH ## **Accountants** ACS ACCOUNTANTS LTD 58 HIGHBURY GROVE PORTSMOUTH PO6 2RS Page 2 **ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER Trustees Annual Report** ## **OBJECTIVES AND ACTIVITIES** THE OBJECT OF THE CIO IS, TO ADVANCE THE RELIGION OF THE JACOBITE SYRIAN (SYRIAC) ORTHODOX CHURCH IN GREATER MANCHESTER AND SURROUNDING AREAS BY: 4.1. MAINTAINING THE FAITH, TRADITIONS AND DOCTRINES OF THE JACOBITE SYRIAN (SYRIAC) ORTHODOX CHURCH AND PERFORMING ALL THE RELIGIOUS RITES AND SACRAMENTS FOR ALL ITS MEMBERS IN ACCORDANCE WITH THE TRADITION FOLLOWED BY THE JACOBITE SYRIAN (SYRIAC) ORTHODOX CHURCH IN INDIA. 4.2. CONDUCTING THE HOLY EUCHARIST, SACRAMENTS AND SERVICES IN ACCORDANCE TO THE FAITH, TRADITIONS, CUSTOMS AND RITES OF THE JACOBITE SYRIAN (SYRIAC) ORTHODOX CHURCH; 4.3. PROVIDING HOLY SACRAMENTS TO ALL ITS MEMBERS; 4.4. ESTABLISHING CHARITABLE INSTITUTIONS FOR THE WELFARE OF THE MEMBERS OF THE CHURCH AND FOR THE POOR AND NEEDY; 4.5. ORGANISING AND CONDUCTING SUNDAY SCHOOL, PRAYER MEETINGS, RETREATS, YOUTH ASSOCIATION AND VANITHA SAMAJAM (WOMEN’S ASSOCIATION) AND SPIRITUAL ORGANISATIONS AND ACTIVITIES; AND 4.6. TO FURTHER SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF THE PUBLIC AND ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES AS THE CHARITY TRUSTEES MAY FROM TIME TO TIME DETERMINE. ## **FINANCIAL REVIEW** The CIO has received property transferred during the year as part of transferring assets from unincorporated charity. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The nature of the governing document and how the charity is constituted as CIO The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the board KERNAL EAPEN Trustee 30/01/2023 Page 3 **ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER** **Independent Examiners Report** ## **Independent Examiner's Report to the trustees of ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER** I report to the charity trustees on my examination of the financial statements of ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes. ## **Responsibilities and basis of report** As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Financial Accountants. I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that: - accounting records were not kept in accordance with section 386 of the 2006 Act ; or - the financial statements do not accord with those records; or - the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or - the financial statements have not been prepared in accordance with the Charities SORP (FRS 102). 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 financial statements to be reached. Seejo Tony Institute of Financial Accountants ACS ACCOUNTANTS LTD 58 HIGHBURY GROVE PORTSMOUTH PO6 2RS 31/01/2023 Page 4 **ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER Statement of Financial Activities** ## **for the year ended 31 March 2022** |**ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER**
**Statement of Financial Activities**
**for the year ended 31 March 2022**||| |---|---|---| |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**|**Restricted**
**funds**
**2022**
**£**
316,067|**Total funds**
**2022**
**£**
316,067| ||316,067
‐|316,067
‐| ||316,067
‐|316,067
‐| ||316,067|316,067| ||316,067|316,067| ||316,067|316,067| Page 5 **ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER** **Summary Income and Expenditure Account** **for the year ended 31 March 2022** |Income
**Gross income for the year**
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2022**
**£**
316,067| |---|---| ||316,067| ||| ||‐| ||316,067| ||316,067| Page 6 **ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER** ## **Balance Sheet** ## **at 31 March 2022** |**Balance Sheet**
**at 31 March 2022**||| |---|---|---| |**Company No. CE022154**|**Notes**|**2022**| |||**£**| |**Fixed assets**||| |Tangible assets|5|316,067| |||316,067| |**Total assets less current liabilities**||316,067| |**Net assets excluding pension asset or liability**||316,067| |**Total net assets**||316,067| |**The funds of the charity**||| |**Restricted funds**|6|| |General funds||316,067| |||316,067| |**Total funds**||316,067| These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. > Approved by the board on 30/01/2023 And signed on its behalf by: ## KERNAL EAPEN Trustee Page 7 **ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER** ## **Notes to the Accounts** ## **for the year ended 31 March 2022** ## 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with 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) (effective 1 January 2015) ‐ (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Page 8 ## **ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER** ## **Notes to the Accounts** ## **Expenditure** Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Freehold investment property** Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. ## **Company status** The company is a private company limited by guarantee and consequently does not have share capital. Page 9 **ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER** **Notes to the Accounts** ## 2 **Income from donations and legacies** |**Restricted**
**£**
316,067

316,067
3
**Staff costs**
No employee received emoluments in excess of £60,000.
4
**Tangible fixed assets**
**Freehold property**
**Cost or revaluation**
Additions
At 31 March 2022
**Net book values**
At 31 March 2022
5
**Movement in funds**

**Restricted funds:**
**General funds**
**Total funds**
6
**Analysis of net assets between funds**

Fixed assets


7
**Related party disclosures**
**_Controlling party_**|**Total**
**2022**
**£**
316,067
316,067
**£**
316,067
316,067
316,067
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
316,067
316,067
**Restricted**
**funds**
**£**
316,067
316,067

**£**
316,067
316,067
316,067
**At 31**
**March**
**2022**
**£**
316,067
316,067
**Total**
**£**
316,067
316,067| |---|---| The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 10 **ST MARY'S JACOBITE SYRIAN ORTHODOX CHURCH MANCHESTER** ## **Detailed Statement of Financial Activities** ## **for the year ended 31 March 2022** |**Income and endowments from:**
Donations and legacies
**Total income and endowments**
**Expenditure on:**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Restricted**
**funds**
**2022**
**£**
316,067
316,067

316,067
‐
316,067
316,067
‐
316,067
‐
316,067|
**Total funds**
**2022**
**£**
316,067
316,067
316,067
‐
316,067
316,067
‐
316,067
‐
316,067| |---|---|---| Page 11