2021-04-05-accounts

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