## ## |Contents|||| |---|---|---|---| ||||Page| |Legal and Administrative||Information|| |Report ofthe|Trustees||2-6| |Independent|Auditor's|Report|7-9| |Statement of|Financial|Activities|10| |Balance Sheet|||| |Statement
of|cash flows||12| |Notes forming|part ofthe Financial Statements||13-22| ## ## |Trustees|||Dr
I H Tadros||| |---|---|---|---|---|---| ||||Mr M Neoman||| ||||Dr M GMikhail||| ||||Dr M Samak —(Deceased 16December 2021)||| ||||Mr N Boutros||| ||||Mr MGeorge||| ||||DrOKMoms||| ||||DrG Hanna||| ||||Dr N Raphael||| |Custodian|Trustees||Mr N Boutros||| ||||Mr M George||| ||||Dr
I H Tadros||| |Registered|Charity|Number|265418||| |Registered|oIRce||41 Woodlands|Avenue|| ||||New Maiden||| ||||Surrey||| ||||KT3 3UH||| |Auditors|||Fortus Audit
LLP||| ||||Hamilton Office Park||| ||||31 High View Close||| ||||Leicester||| ||||LE49LJ||| |Bankers|||HSBC Pic||| ||||79 Piccadilly||| ||||London WIV 5RA||| ||||Barclays Bank|Pic|| ||||Wimbledon
Business||Centre| ||||Leicester LE87|288|| ||||Barclays Bank|Pic|| ||||London Corporate||Banking| ||||Strand||| ||||NatWest Bank|PLC|| ||||55Kensington|High|Street| ||||London WB52G||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unrestricted|Reslrlcted|Total|Total| |---|---|---|---|---|---|---|---|---| ||||||Funds|Funds|2021|2020| ||||||2021|2021||| |||||Note|E|E||| |Income||||3||||| |Donations|||||220,280|327,483|547,763|670,227| |Charitable|activTiies||||80|||31,847| |Investment|income||||227,182||227,182|245,398| ||||||447,542|327,483|775,025|947,472| |BqsendRure||||||||| |Raising funds|||||51,032||51,032|81,231| |Charitable|activities||||329,170||329,170|449,672| |Other|||||36,632||36,632|22,132| ||||||416.834||416,834|553,035| |Net income|||||30,708|327,483|358,191|394,437| |Other gains|||||(I1,124)||(11,124)|60| |Net movements||in|funds||19,584|327A83|347,067|394,497| |Transfer between||funds|||327,483|(327,483)||| |Total funds|brought||fonvard||6,858.065|110,122|6,968,187|6,573,690| |Total funds|canied||forward||7,205,132|110,122|7,315,254|6,968,187| ## |||2021|2020| |---|---|---|---| |Sr|Note|f|E| |||2,949,598|2.252.986| |||3.650.000|3.650,000| |||6,599,598|5.902,986| |||457.227|444.501| |||1.649.174|11.534,876| |||2.106.401|1,979.377| |||f135.866)|)269,152)| |||1.970435|1.710.725| |||V,'|| |||8/70.133.|7.613,211| |||;..=:-)l.254$ -').'- '- 3&[645.024)|| |||l.g|| ||||||2021||2020| |---|---|---|---|---|---|---|---| ||||Note||||5| |Cash tlows|from operating|activities|||||| ||||21||25,305||395,651| |Cash flows|from invesfing|actlviRes|||||| |Income from properly
investment||||227,182||245,398|| |Expenses|of property
investments|||(51,032)||(81,231)|| |Purchase|of fixed assets|||(710,315)||(1,349,508)|| |Net cash provIded
by investing|||||||| |actlviRes|||||(534,165)||(1,185,341)| |Cash flows|from financing|activiRes|||||| |Proceeds|of bank loans|||696,872||192,169|| |Proceeds|of other borrowings||||||| |Repayment|of bank loans|||||(37.934)|| |Repayment|of other borrowings||||||| ||||||634,282||154.235| |Change
in|cash In the year||||125.422||(635A55)| |Cash at 6 April 2020|||||1,534,876||2,170,271| |Change
in|cash due toexchange||||||| |rate movements|||||(11,124)||60| |Cash at5 AprR 2021|||||1,649,174||1,534,876| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |is ofincome||||| |---|---|---|---|---| ||Unrestricted|Restricted|Tofalfunds|Total funds| ||income|income|2021|2020| ||funds|funds||| ||8|E||| |Donations and legacies||||| |Donation and giffs|187,902|270,017|457,919|580,383| |Giff Aid|32,378|57,466|89,844|89,844| |Total|220,280|327,483|547,763|670,227| |Charffable
aclivilies||||| |Canteen sales||||19,529| |Charity shop sales||||9,125| |Bookshop sales|80||80|3,193| |Total|80|||31,847| |investment
income||||| |Interest income|1,196||1,196|5,133| |Rental and leasing income|225,986||225,986|240,265| |Total|227,182||227,182|245,398| |Other incoming resources||||| |Other||||| |Tolal||||| |Total income|447,542|327,483|775,025|947,472| ## |is ofexpendRure|||||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total funds|Total funds| |||income|income|2021|2020| |||funds|tends||| |||E|E|E|S| |Expenditure
on raising funds|||||| |Rent collection, properly|repairs and||||| |maintenance
charges||51,032||51,032|81,231| |Total expenditure
on raising funds||51,032||51,032|81231| |Expenditure
on charitable|acllvlRes||||| |Church and community|services|71,339||71,339|224,647| |Staff costs||210,037||210,037|160,155| |Property expenses||34,091||34,091|50,924| |Depreciation
oftangible|ossets|13,703||13,703|13,946| |Total expenditure
on charitable|||||| |acfiviTies||329,170||329,170|449,672| |Other expenditure|||||| |Secured loan interest||24,437||24437|10,419| |Governance
costs||12,195||12,195|11,713| |Total other expenditure||36.632||36,632|22,132| |Total expenditure||416834||416,834|553,035| ## ## |6.|Paid employees||| |---|---|---|---| |6.1|Staff costs|2021|2020| ||Salaries and wages|188,932|144,216| ||Social security costs|17,526|13,329| ||Pension costs|3,579|2,610| ||Total staff costs|210,037|160,155| ||No employee earned more than 560,000during the year (2019:none).||| |6.2|Average head count in the year|2021|2020| |||Number|Number| ||Priests|4|3| ## ## |9.|Tangible fixed assets||||||| |---|---|---|---|---|---|---|---| |||Land and|Office|Fixlures|Fixtures|Buildings|Total| |||Buildings|Equipment|Flffings|FIIBngs 8|under|| |||Freehold||Church|Equipment|Conslrucfiion|| |||E||E|E|E|| ||Cost||||||| ||At 6 April 2020|915,920|50,844|125,810|216,097|1,572,171|2,880,842| ||Additions|||||710,315|710,315| ||At 5April 2021|915,920|50,844|125,810|216,097|2,282,486|3,591,157| ||Depreclafion||||||| |||Straight
Line|Reducing|Reducing|Reducing|No|| ||Basis||balance|balance|balance|Depreciafion|| ||Rate|2%|15%|10%|20%||| ||At 6April 2020|244,305|41,644|125,810|216,097||627,856| ||Charge forthe|12,323|1,380||||13,703| ||year||||||| ||At 5 April 2021|256.628||125,810|216,097||641,559| ||Net book value||||||| ||At 5April 2021|659,292|7,820|||2,282,486|2,949,598| ||At 5 April 2020|671,615|9,200|||1,572,171|2,252,986| ## |ixed asseis Investments|||| |---|---|---|---| ||Freehold|Long leasehold|Total| ||Properly|Properlies|| ||E|E|| |Fair value:|||| |At 6April 2020|1,850,000|1.800,000|3,650,000| |At 5April 2021|1,850,000|1800,000|3,650,000| ## ||||||||2021|2020| |---|---|---|---|---|---|---|---|---| |||||||||E| ||Prepayments
and accrued||income||||9,327|30,088| ||St Mary 8Pope Kyrifos Coptic|||Church|||I81,253|236,869| ||Other debtors||||||191,647|102,544| ||Security forexpenses|re basement|||party wall||75,000|75,000| ||||||||457,227|444,501| |12.|Cash at bank and in hand|||||||| ||||||||2021|2020| |||||||||E| ||Cash at bank||||||1,649,174|1,534,876| |13.|Creditors and accruals|||||||| |13.1 Amounts
faging due within||one year||||||| ||||||||2021|2020| ||||||||E|E| ||Secured bank loan||||||73,777|49,352| ||Taxation and social security||||||6,292|3,776| ||Accruals and deferred income||||||50,182|38,920| ||Other creditors||||||5,615|177,104| ||||||||135,866|269,152| |13.2|Amounts
faRing due after|one year||||||| ||||||||2021|2020| ||||||||E|E| ||NatWest Bank loan re basement||||||843,924|191,284| ||Loan taken on 7 August|2012|with|HSBC||for the purchase of house||| ||number 66 Broadwalk,|Hounslow||secured by the property and af|||75,567|106,710| ||existing securities and any future|||security||held by the Bank.||| ||Loan taken on 6October 2017with NatWest to refinance the loan||||||325,388|337,030| ||from HSBC Bank pic taken in 2008secured by a first legal charge|||||||| ||over 36Cromwell
Road|||||||| ||Funds from church members||repayable|||within 5years|10.000|10,000| ||Total||||||1,254,879|645,024| ## |14.|Financial
Instruments|Financial
Instruments||||| |---|---|---|---|---|---|---| ||||||2021|2020| ||||||E|5| ||Carrying|amount|ofRnancial|asseh||| ||Debt instruments||measured|at amortised cost|372,900|339,413| ||Carrying|amount|offinancial|liabiliTies||| ||Financial|liabilities|measured|at amortised cost|1,384,453|910,400| ## |As lesson||||||||| |---|---|---|---|---|---|---|---|---| |At the year||end, the|charity had contracted||with tenants,|under non-cancellable|operating|leases, for| |the following||future|minimum|lease payments:||||| ||||||||2021|2020| |Amounts|receivable:per
annum||||||E|8| |Less than||one year||||146,707||100,634| |Between|one and||five years||||90,672|165,329| |||||||237,379||265,963| ## ## ## ## ## ## ## ## |||Balance at|Incoming|Expenditure|Inveslment|Transfer|Balance at| |---|---|---|---|---|---|---|---| |||6 Apriil 2020|Resources||Gains/(losses)|between|5 AprB 2021| |||||||funds|| ||||E|E|E|E|E| |General|reserve|6,858,065|447,542|(416.834)|(11,124)|327,483|7,205,132| |funds|||||||| |||Balance at|Incoming|Expenditure|Investment|Transfer|Balance at| |||6 April 2019|Resources||Gains/(losses)|between|5 April 2020| |||||||funds|| ||||||E|E|E| |General|reserve|6,150,928|648.910|(553,035)|60|611,202|6,858,065| |funds|||||||| ## ||||Balance at|Income|Expendilure|Transfer|Balance at| |---|---|---|---|---|---|---|---| ||||6 April 2020|||between|5 April 2021| |||||||funds|| |||||||E|| |Restricted|reserve|funds|110,122|327,483||(327,483)|110,122| ||||Balance al|Income|Expenditure|Transfer|Balance at| ||||6 AprR 2019|||between|5 April 2020| |||||||funds|| |||||E||E|E| |Restricted|reserve|funds|422,762|298,562||(611,202)|110,122| |lysis ofne|t assets between|funds|||| |---|---|---|---|---|---| |2021||Fixed|Net current|Non-current|Total| |||assets|asseis|RabiRties|2021| ||||E||| |Unrestricted|fund|6,599,598|1,808,689|(1,254,879)|7,153,408| |Restricted|fund||161.846||161,846| |||6,599,598|1,970,535|(1,254,879)|7,315,254| |2020||Rxed assels|Net current|Non-current|Total| ||||assets|Rabgiges|2020| |||E|E|E|| |Unrestricted|fund|5,902,986|1,600,103|(645,024)|6,858,065| |Restricted|fund||110,122||110,122| |||5,902,986|1,710,225|(645,024)|6.968,187| ## ## |ciRatlon
of net inc
erating
activities||me to net ca|sh flow from||| |---|---|---|---|---|---| |||||2021|2020| |||||E|E| |Net income|||||| |(as per statement|offinancial activities)|||347,065|394,497| |Adjustments
for.|||||| |Depreciation
charges||||13,703|13,946| |Income from investments||||(227,182)|(245,398)| |Investment
costs||||51,032|81,231| |Loss/(Profit)
on foreign exchange||||11,124|(60)| |Increase
in debtors
Increase/(decrease)||in creditors||(12,726)
(157,711)|(21,532))
172,967| |Net cash provided||by operaling|acliviRes|25,305|395,651| ## |
R THE YEAR ENDED 5APRIL 2021||||||| |---|---|---|---|---|---|---| |||||2021||| |INCOMING
RESOURCES||||||| |Donations and incoming|resources|||||| |Membership
contributions|||118,409||154,220|| |Collection and church|boxes||69,669||159,782|| |Donations|||359,685|547,763|356,225|670,227| |Church activities||||||| |Church canteen|||||19.529|| |Charity shop|||||9,125|| |Church bookshop||||80|3,193|31,847| |Inveslment
income||||||| |Income from rented property|||225,986||240,265|| |Bank interest|||1,196|227,182|5,133|245,398| |Total incoming
resources||||775.025||947,472| |RESOURCES EXPENDED||||||| |Expenditure
on raising funds||||||| |Investment
properly expenses||||||| |Property management|fees||22,424||24,775|| |Property services charges
Repairs and maintenance|||19,064
8,794||29,880
20,982|| |Insurance|||750||5,046|| |Council Tax|||||385|| |Utilities|||||163|| |||||51,032||81,231| |Charitable
activities||||||| |Church and community
services||||||| |London Diocese|||34,698||60,300|| |Donations to other churches|||14,600||53.600|| |Social Services
Sunday school and education|||14400
6,274||38,500
40,497|| |Church candles, and oil
Canteen and bookshop|||1,208
159||4,130
7,299|| |Visiting bishops' expenses||||71,339|20,321|224,647| |Staff costs||||||| |Salaries|||188,932||144,216|| |Social security costs|||17,526||13,329|| |Stake holder pension|||3,579||2.610|| |Other costs||||210,037||160,155| |Properly expenses||||||| |Rates and water
Ught and heat|||118
13,088||1,397
13,376|| |Insurance|||11.852||10,346|| |Repairs and maintenance|||3,813||18,252|| |Cleaning|||4,380||4.591|| |Miscellaneous
DepreciaRon
oftangible assets|||840|34,091
13,703|2,962|50.924
13,946| |Total expenditure
on charitable||activities||329,170||449,672| ## ||||2021||| |---|---|---|---|---|---| ||||E||| |Other expendfiure|||||| |Secured loan interest
Governance|||24,437||10,419| |costs|||||| |Accountancy
fees and auditor's|remuneration|7,800||7,800|| |Legal and professional||2,190||1,440|| |Office costs||2,205|12,195|2,473|11,713| |Total other expencfiture|||36,632||22,132| |Totalexpendlture|||416,834||553,035| |Net income/(expenditure)|||358,192||394,437| |Exchange difference gain/(loss)|||[11,124)||| |Net movement
in funds for lhe year|||347,066||394,497| |Funds balances brought forward at 6April 2020|||6,968, 187||6,573,690| |Funds balances cardied forward at5April 2021|||7,315,253||6,968,187|