**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. Page 1 ## **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) Page 2 nd•nr Exafftln•¢ R rttoth•Trn SLMary'$ Indfjan Orthodox Chufch. Northw•st London I report on lh• ofthe chanty trth8 ye¥ 31 2Q25. th• St•t•Mèhlol Finanual PLtMY8$. t siaiomwt of FInarna￿ P¢$tyty) and r•￿ed Tryes. ReSPOthv8 r8sp¢n$iOilib85 of Irustees 8nd exlmir The ¢h8niy'$ truste85 are reJwMsibb fty the preparalkii olts 8ccty￿ts charity'$ con￿deri￿At an •uOrt rt not requThd fv)r th8 yaar Iwder Sectian 144121 of ChanDes AO 2011 (tho 2011 Actll W￿3 th•1 ￿ lrwjepw￿￿I￿rnInèb￿ Is rqquired. 1118 my resp4Jnsthlrty to. •X8mina Ibe accounts un¢*r SO¢11(￿ 145 01 th• 201 I kt to folbw Iho ￿¢cedureS laid the Gen•r¥l tsy the Chanty c￿mr&s￿￿ IL*id•r S•ctiw 1451Sllbl of lh• 2011 10 st810 thoth•rW￿￿r mattws to my •n•nhx. K4y e￿￿nin¥1￿ *•* Qui in the Thrth)n# Ch•nty InCIL￿+S • ol lh• 8c¢ouniing records koo Ghanty ￿ • (x)mW5Dn of th• mqrt•d vAth trK)i• r•cords. 11 1150 i￿lud•• ¢on*id*ntian of any unusu•l or discbJwr•s m th• th%￿1•. •>*l•natsons frtyTr tru11f￿5 C41￿m￿l •ny suth man•rs Th• sYc¢8dut88 Undertakw do noi wowdo ￿ th• thai ¥KoJNy be an *Jthl. •nd ho OPID￿Tr M 9iv•n Ind•p￿d￿l oxaminerf& st•i•rn•ni In ￿nn0th0￿ my •XWnMWlk)n. no m•iiw h•• ¢¢*n• to my att•ntw' to k88p r•¢￿th wlh l)0 c4th• 201 l Aci.. lo y•pw• a¢etyJnts *tKh •¢Mrd wth th• t4npty r•qulr•Tr•NS ollh• 2011 A¢t Y• nDt been m•t. IZI lothch. In my •tt•ni*)n ¥htyJd be nordvio • Fwwund•r*t*tydty ollh• t• r••ch•d. PAr Thoma8 D*é* FCCA Thomas Dawd k¢¢xthl￿V & T&xalKffi knriui•J 557 Avet 8Ds101 8S7 OQH Page 3 ## **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**| |---|---|---|---| Page 4 ## **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**| |---|---|---| 03-Jan-2026 Page 5 1. **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. Page 6 ## **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**| |---|---|---|---|---| Page 7 ## **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**| |---|---|---| ## 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**| |---|---|---|---|---| Page 8 ## **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**| |---|---|---|---| Page 9 ## **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**| |---|---|---| Page 10