REGISTERED CHARITY NUMBER:1204724
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for St.Mary's Indian Orthodox Church , Northwest London
Thomas David Accountancy & Taxation Limited 557 Filton Avenue Bristol BS7 0QH
St.Mary's Indian Orthodox Church , Northwest London 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 8 |
| Detailed Statement of Financial Activities | 9 to 10 |
St.Mary's Indian Orthodox Church , Northwest London
Report of the Trustees For the year ended 31[st] March 2025
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 2015).
OBJECTIVES AND ACTIVITIES
Objectives and Aims
Objective of the Church is to promote the Indian Orthodox Christian faith.
The trustees have considered a charity commission’s guidance on public benefit including the guidance ‘public benefit running charity (PB2).’
Significant activities
Holy Qurbana & Divine services :The Holy Eucharist services were initially conducted on all Sunday afternoons at St. Anselm’s Church premises till August 2024. From September 2024, the services were moved to the current premises at Hayes Methodist Church Hall and services were conducted on all Saturday mornings to better suit the needs of the community.
Church Feast: The Church celebrated its Perunnal (Feast) on 19 May 2024. The Chief-celebrant of the Feast was Diocesan Metropolitan H. G. Abraham Mar Stephanos. On this auspicious day,His Grace announced the elevation of the Congregation to a Parish.
Holy Baptism: During the year 2024-25, we were able to provide the sacrament of Holy Baptism to three children,welcoming them to body of Christ, the Church.
Family Get-together: Family get-together for all the families in our community was organized in August 2024 where more than 30 families came together to spend time in games and fun activities.
Onam Celebration: The Onam celeberation was organized within the church premises in September 2024.There was a large participation from among the members who took initiative towards having cultural dance, songs and traditional food.
Food Festival: The Church organized a food festival in July 2024 where in members were motivated to make food items at the homes and to be purchased by members of the community.
Harvest Festival: First fruits auction or Harvest Festival was held in the month of February 2025.
Christmas Carols: Christmas Carol rounds were held during the three Saturdays of December before Christmas and we wereable to visit 20 families to spread the message of birth of Jesus Christ.
Charity Works : During the year, we were able to extend support to 3 members of our church through the Benevolent Fund which was created for the sole purpose of helping our members in times of financial crises.
Sunday School: During the year, the Sunday School held the Orthodox Vacation Bible School(OVBS) in October 2024.
Daily Evening prayers: The Sunday School children have been leading in the daily evening prayers in English since the 2 nd week of January 2024.
Youth Fellowship (Marian Youth): Our youth have represented the Church at various conferences and actively helping the congregation.
Women Fellowship (MMVS): There has been an active representation of the members of MMVS who actively helped during harvest festival and the family get together.
FINANCIAL REVIEW
Reserves
The Church reserves are held to help its current and future activities including maintenance of the church building The retained surplus of parish as on 31/03/2025 was £26,103 { 31/03/2024 was £6,881}
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document, constitution adopted on 14th January ,2023.
Recruitment and appointment of trustees
The vicar is appointed by the diocesan Bishop and his term will until further order from the Diocesan Bishop. The Secretary, Treasurer and other committee members are elected at the annual general body meeting of the charity.
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St.Mary's Indian Orthodox Church , Northwest London
Report of the Trustees For the year ended 31[st] March 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Name of Charity : St.Mary's Indian Orthodox Church ,Northwest London Charity Registration Number : 1204724 Principal address : 44 FIRCROFT CLOSE TILEHURST READING RG31 6LJ
Trustees
The Officers serving during the year were as follows:
Fr. Shyju P. Mathai : Vicar and President Mr. Jobin George : Treasurer Mr. Nishin George : Secretary Mr. Bittoy George : Committee Member Mr. Lajeev Rajan : Committee Member Mrs. Nimmy Varghese : Committee Member Mrs. Bennette Roshan : Committee Member Mr. Stanlin Johnson : Committee Member Mr. Shiji Varghese : Committee Member Mr. Babil Bino Mathew : Committee Member Mr. Jose John : Committee Member Mr. Anish Philip : Internal Auditor
Independent Examiner
Thomas David Accountancy & Taxation Limited 557 Filton Avenue Bristol BS7 0QH
03-Jan-2026 Approved by the Board of Trustees on …....................................................... and signed on it's behalf by:
Mr. Nishin George (Secretary)
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St.Mary's Indian Orthodox Church , Northwest London
Statement of Financial Activities
| Notes Unrestricted funds £ 2 68,493 3 6 68,499 (49,277) (49,277) 19,222 Total CONTINUING OPERATIONS Investment Income INCOME AND ENDOWMENTS FROM All income and expenditure have arisen from continuing activities. for the Year Ended 31 March 2025 EXPENDITURE ON Donations and legacies Total NET INCOME* Charitable activities & Church Running Costs |
Restricted fund £ - - - - - - |
2025 Total funds £ 68,493 6 68,499 (49,277) (49,277) 19,222 |
2024 Total funds £ 31,653 - 31,653 (27,349) (27,349) 4,303 |
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St.Mary's Indian Orthodox Church , Northwest London
| Notes 4 5 6 7 8 FIXED ASSETS Tangible assets CREDITORS NET ASSETS FUNDS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CURRENT ASSETS Debtors Cash at bank and in hand Balance Sheet At 31 March 2025 Unrestricted funds Restricted funds TOTAL FUNDS |
2025 Total funds £ 2,039 12,621 11,744 24,364 (300) 24,064 26,103 26,103 26,103 - 26,103 |
2024 Total funds £ 959 240 6,635 6,875 (953) 5,922 6,881 6,881 6,881 - 6,881 |
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03-Jan-2026
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- ACCOUNTING POLICIES
St.Mary's Indian Orthodox Church , Northwest London
Notes to the Financial Statements For the Year Ended 31 March 2025
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost conversion, except for investments which are included at market value and the revaluation of certain fixed assets and 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 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
St Stephen’s Indian Orthodox Church, Birmingham meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes(s).
Incoming resources
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.
Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
| Fixtures and fittings | : | 15% on reducing balance basis |
|---|---|---|
| Computer equipment | : | 33.33% on reducing balance basis |
Taxation
The charity is exempt from tax on its charitable activities.
Funds
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.
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St.Mary's Indian Orthodox Church , Northwest London
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
| 2. 3. 4. At 31 March 2025 At 31 March 2024 Charge for year At 31 March 2025 NET BOOK VALUE DEPRECIATION At 1 April 2024 TANGIBLE FIXED ASSETS COST At 1 April 2024 Additions Income From Donations & Legacies Donations Received INVESTMENT INCOME Bank Interest Total At 31 March 2025 |
Fixtures and fittings £ 727 1,371 2,098 214 214 1,884 727 |
2025 £ 68,493 2025 £ 6 6 Computer equipment £ 232 - 232 77 77 155 232 |
2024 £ 31,653 , 2024 £ - - Totals £ 959 1,371 2,330 291 291 2,039 959 |
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St.Mary's Indian Orthodox Church , Northwest London
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 6. Bank Account Lloyds A/c 72963 7. Total Total CREDITORS Creditors & Accruals Gift Aid Tax Receivable Debtors/Prepayments CASH AT BANK AND IN HAND Cash in Hand Bank Account Lloyds A/c 66960 AMOUNT FALLING DUE WITHIN ONE YEAR |
2025 £ 12,621 - 12,621 2025 £ 381 3,061 8,301 11,744 2025 £ 300 300 |
2024 £ - 240 240 2024 £ 760 - 5,875 6,635 2024 £ 953 953 |
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8. MOVEMENT IN FUNDS
| Funds Unrestricted funds Total TOTAL FUNDS General fund General fund |
At 01.04.24 £ 6,881 6,881 6,881 |
Net Movement In Funds £ 19,222 19,222 19,222 Incoming Resources £ 68,499 68,499 |
Transfers between Funds £ - - - Resources Expended £ 49,277 49,277 |
At 31.03.25 £ 26,103 26,103 26,103 Movement in Funds £ 19,222 19,222 |
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St.Mary's Indian Orthodox Church , Northwest London
Detailed Statement of Financial Activities
| Family Get Together Donations-Eucharist Donations-Baptism Total Donations & Legacies (A) Bank Interest Total Investment Income (B) Total Incoming Resources (A+B) Youth Fund Other Income Sunday School Diocesan Contributions Martha Mariam Vanitha Samajam OVBS Gift Aid HMRC Harvest Festival Holy week Donations Donations- Books Other Donations Donations - Refreshments Marthoman Sangamam Food Fest Donations - Feast Day Birthday & Wedding Anniversary Donations Catholicate Day Christmas & Carol I. INCOME AND ENDOWMENTS Donations and legacies Subscriptions Offertory Onam One Day Trip |
for the Year Ended 31 March 2025 | 2025 £ 12,370 4,006 17,900 11,302 4,319 675 285 7,015 1,214 64 814 2,497 796 755 460 905 741 1,012 240 63 375 610 32 35 10 68,493 6 6 68,499 |
2024 £ 8,271 2,674 - 8,231 - - 2,086 4,095 - 385 835 - - - - 680 401 172 150 156 60 2,347 100 1,010 31,653 - 31,653 |
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St.Mary's Indian Orthodox Church , Northwest London
| II. EXPENDITURE Charitable Activities Insurance Travell & Expense Church Events Family Get - together Onam Festival Martha Mariam Vanitha Samajam Charity Diocesan Contribution Sundry Purchases Accountancy Mementos & Gifts Diocese Meetings(Malankara Sangamam) Net income Depreciation Total Resources expended Harvest Fest expense DBS Visiting Bishop & Priests Refreshments Printting, Stationery & Postage Rent -Building OVBS Sunday School Bank Charges Youth Movement Computer software and consumables Sacramental (Qurbana) Materials Catholicate Day Christmas Detailed Statement of Financial Activities for the Year Ended 31 March 2025 Vicar Allowances |
2025 £ 13,550 800 101 10,603 563 3,485 1,001 600 62 1,284 655 7,535 2,188 638 2,975 100 420 388 215 500 100 38 1 671 460 12 291 42 49,277 19,222 |
2024 £ 8,000 750 101 4,310 307 1,500 740 1,580 - 45 4,600 - 114 1,350 104 37 118 150 1,000 190 613 - - - - - 1,741 27,349 4,304 |
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