REGISTERED CHARITY NUMBER: 1194649
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2025
for
Debre Meheret St Michael EOTC
Hartrose Associates Ltd 61A Blagden Street Sheffield South Yorkshire S2 5QS
Debre Meheret St Michael EOTC
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Debre Meheret St Michael EOTC
for the Year Ended 31 March 2025
Report of the Trustees
The trustees present their report with the financial statements of the charity for the year ended 31 March 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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Significant activities
Yearly Activity from April 2024 to March 2025
The parish committee has prepared the complete list of names and addresses of the faithfuls are recorded in the register and has made the necessary arrangements to raise funds for the construction of the church building. Regarding the above objective, the parish committee has sent letters, made phone calls, and will continue to do so in the future regarding cooperation, support, loans, and the acquisition of a church or land site with public and private organisations in our city of Sheffield and Yorkshire County.
The parish committee has prepared sample supporting letters to its members according to the public needs. This will aim to represent its genuine operation of the charity's function to avoid confusion with mixing up other organisations layouts. This includes letter to catholic schools, ministry of religion forms and support letter. Asylum seekers supporting letter (letter of recommendation) who attended the church and more.
The parish council has prepared birth certificates, certificate for volunteers and membership application forms. Also updated the administrative office procedures and protocols for incoming and outgoing correspondence.
The parish committee assigns annual budget to fulfil the charity's weekly, monthly and annual tasks determined by planning and customization and managed to achieve connecting the community nationwide through annual festivals and created a good relationship between people from different age and education background.
Strengthening the Church's relationships with another Christian congregation. Being able to communicate useful information's to all parish members in a timely manner. We use YouTube and other social media platforms, sharing messages on our own website, and providing other services.
Strengthening parishioner registration, encouraging parents to bring their children and other members of Orthodox families in Sheffield, and offering better services. Enriching the knowledge of the faithful to help them fulfil their Orthodox duties more effectively through education on these important topics. Pride and dignity to their background ethnicity and teach their mother tongue which we believe that could contributing to preparation of next generation to lead the Church and is a significance and value of serving the Church.
Teaching children, teenagers, and young people in Amharic and English about religion, morality, and ministry education. Parents have been encouraged to work closely with the Broomhall community and other community centres on the following topics: the upbringing of children, the role of mother and father in child development, understanding how to manage merging with Western cultures and values manage merging with Western cultures and values.
Through our public relation volunteers, we reinforce complaints, opinions, suggestions and feedback from the parish members and provide feedback in coordination with the relevant parties. This team has work on the website which is being finalised, and various service forms will soon be tested internally and introduced to all parishioners as soon as they are functional.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1194649
Principal address
Upper Hanover Street Sheffield S3 7RQ
Page 1
Debre Meheret St Michael EOTC
Report of the Trustees for the Year Ended 31 March 2025
Trustees
S Workneh T Nugussie (resigned 31.3.25) S Taye Tulu F Tesfaye Dr T Mekonnen B T Alemu S B Mahary N Sentayehu D Tenagashaw Rev W Zeleke
Independent Examiner
Sujad Anwar Hartrose Associates Ltd 61A Blagden Street Sheffield South Yorkshire S2 5QS
Approved by order of the board of trustees on 2 March 2026 and signed on its behalf by:
S Workneh - Trustee
Page 2
Independent Examiner's Report to the Trustees of Debre Meheret St Michael EOTC
Independent examiner's report to the trustees of Debre Meheret St Michael EOTC
I report to the charity trustees on my examination of the accounts of Debre Meheret St Michael EOTC (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts 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.
Sujad Anwar The Association of Chartered Certified Accountants
Hartrose Associates Ltd 61A Blagden Street Sheffield South Yorkshire S2 5QS
2 March 2026
Page 3
Debre Meheret St Michael EOTC
Statement of Financial Activities for the Year Ended 31 March 2025
| 31.3.25 | 31.3.24 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 77,462 | 68,586 | |
| Other trading activities | 2 | 4,874 | 204 |
| Investment income | 3 | 3,914 | - |
| Total | 86,250 | 68,790 | |
| EXPENDITURE ON | |||
| Raising funds | 4 | 34,952 | 26,992 |
| NET INCOME | 51,298 | 41,798 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 259,732 | 217,934 | |
| TOTAL FUNDS CARRIED FORWARD | 311,030 | 259,732 |
The notes form part of these financial statements
Page 4
Debre Meheret St Michael EOTC
Balance Sheet
31 March 2025
| 31.3.25 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank and in hand 311,530 CREDITORS Amounts falling due within one year 7 (500) NET CURRENT ASSETS 311,030 TOTAL ASSETS LESS CURRENT LIABILITIES 311,030 NET ASSETS 311,030 FUNDS 8 Unrestricted funds 311,030 TOTAL FUNDS 311,030 |
31.3.24 Total funds £ 260,657 (925) 259,732 259,732 259,732 259,732 259,732 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 2 March 2026 and were signed on its behalf by:
S Workneh - Trustee
The notes form part of these financial statements
Page 5
Debre Meheret St Michael EOTC
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
3.
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Shop income | 4,874 | 204 |
| INVESTMENT INCOME | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Deposit account interest | 3,914 | - |
Page 6
continued...
Debre Meheret St Michael EOTC
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
4. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Sundries | 3,042 | 3,053 |
| Rent | 10,604 | 6,512 |
| Travel costs | 3,995 | 2,840 |
| Service day allowances | 12,790 | 9,620 |
| Accountancy fees | 350 | 150 |
| Support costs | 171 | - |
| 30,952 | 22,175 | |
| Investment management costs | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Fund raising costs | 3,000 | 4,817 |
| Aggregate amounts | 34,952 | 26,992 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 68,586 |
| Other trading activities | 204 |
| Total | 68,790 |
| EXPENDITURE ON | |
| Raising funds | 26,992 |
| NET INCOME | 41,798 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 217,934 |
continued...
Page 7
Debre Meheret St Michael EOTC
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 8. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.4.24 £ 259,732 259,732 Incoming resources £ 86,250 86,250 At 1.4.23 £ 217,934 217,934 |
Unrestricted fund £ 259,732 31.3.25 31.3.24 £ £ 500 925 Net movement At in funds 31.3.25 £ £ 51,298 311,030 51,298 311,030 Resources Movement expended in funds £ £ (34,952) 51,298 (34,952) 51,298 Net movement At in funds 31.3.24 £ £ 41,798 259,732 41,798 259,732 |
|---|---|---|
continued...
Page 8
Debre Meheret St Michael EOTC
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | ||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 68,790 | (26,992) | 41,798 | ||
| TOTAL FUNDS | 68,790 | (26,992) | 41,798 | ||
| A current year 12 months and prior year 12 months combined position is as follows: | |||||
| Net | |||||
| movement | At | ||||
| At 1.4.23 | in funds | 31.3.25 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 217,934 | 93,096 | 311,030 | ||
| TOTAL FUNDS | 217,934 | 93,096 | 311,030 | ||
| A current year 12 months and prior year 12 months combined net movement in funds, | included in the above are as follows: | ||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 155,040 | (61,944) | 93,096 | ||
| TOTAL FUNDS | 155,040 | (61,944) | 93,096 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 9
Debre Meheret St Michael EOTC
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |
||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 51,476 | 56,704 |
| Donations re rent/building | 5,043 | 5,158 |
| Membership fees | 15,491 | 6,724 |
| Christening | 5,452 | - |
| 77,462 | 68,586 | |
| Other trading activities | ||
| Shop income | 4,874 | 204 |
| Investment income | ||
| Deposit account interest | 3,914 | - |
| Total incoming resources | 86,250 | 68,790 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Sundries | 3,042 | 3,053 |
| Rent | 10,604 | 6,512 |
| Travel costs | 3,995 | 2,840 |
| Service day allowances | 12,790 | 9,620 |
| Accountancy fees | 350 | 150 |
| 30,781 | 22,175 | |
| Other trading activities | ||
| Purchases | 1,000 | - |
| Investment management costs | ||
| Fund raising costs | 3,000 | 4,817 |
| Support costs | ||
| Finance | ||
| Bank charges | 171 | - |
| Total resources expended | 34,952 | 26,992 |
| Net income | 51,298 | 41,798 |
This page does not form part of the statutory financial statements
Page 10