REGIsfERED CHARITY NUMBER: 265418 Report •f the Trnste*s *thd Financi81 Ststtmtnts for the Period 6 April 2024 to 30 September 21125 for COYTIC ORTHODOX CHURCH FOUI¥DATION Garside 8nd Co. LinJit¢d Charte￿] Acrountants & Ststutory Auditor Suite 63 I. Linen Hall 162-168 R¢g¢ni Strert LA)n&)n WIB5TG corric ORTHODOX CHURCH FOUNDATION Contents of the Financial Stat¢ments for the Ptriod 6 April 2{124 to 30 S¢ptember 21125 P*gt Rep)rt of the Trumets I to 4 Report of the Independent Auditors 5 to 7 Stitement of Financial Adlvlties Balance Sheet Cgsh Flow Ststement 10 Notes to tb¢ C*$h Flow Ststement Notes to the Finlntial Ststernertts 12 w 21 Detailed Ststement Of Trlngn¢i*l Artivitles 22 to 23 coyrIc ORTHODOX CHURCH FOUNDATION Report of the TrnJtees for the Period 6 April 2024 to 30 September 21125 The tn]stees presertt their report with the finan¢ial statemcnts of the chaTity for the PCTiod 6 April 2024 to 30 Sept¢mber 2025. Thc trust¢es hav¢ adopted th¢ provisio￿ of Accounting and Reporting by Charities: Statement of Rewmttjended Practic¢ applicable to chariiirs prcparing their accounts in wrdanc¢ with the Fina￿la[ Reporting Standard applicable in the UK and Republit of Rreland (FRS 102) (effective l January 2019). OWEcfivES AND ACTIvrrIES Objectives and aims The object of the Foundation is to promot¢ the Coptic Ortho￿% Church in the United Kit)gdom w)d the Republic of Ireland. In fwtherdnce of thts object the Tn]stees may pmvide and maintsin pSM of publi¢ W0￿h1P, carry out religious s¢tvtces, pay th¢ priests sa]arics and IK*ld religious and other meetings in coDnection with the Coptie Otthodox Church. St Mark Copti¢ Church in L4)ndon is part of the Copttc OrtIM)dox Diocese of L4)ndon Public benefit The tru5t¢¢s confirni that they had regard to th¢ Charity ComThissioll'$ 8uidance on public benefjt when planrtin8 the charity¥ activiti¢& Volunieers The charity has a number of unpaid volunte¢rs, w]M) hclp in the various n¢¢ds of th¢ church. including odministration. ¢l¢aning and preTwing the chur¢he5 bcfore and aft¢r the services. ACHIEVEMENIS AND PERFORMANCE Charitable 9¢tivitie$ The chureh celebrates the Divine Liturgy 5 days aweek with liturgies every Sunday. During the year. the youihs of the church auended and organis¢d o)nferences, retreats and trips in the UK and abroad. The church has sport5 activities for (he youth5 and has footbajl and baskethall t¢ams whicb play ard cOm￿te against t¢ams of oth¢r Coptic churches in th¢ UK. During th¢ y¢ar, Saini Mark ch￿￿h ¢omplLx¢d th¢ which 5Wta in May 2019 of buildin8 8 b￿rnent under the church and is now us¢d for th¢ various a¢tivities of th¢ ¢hur¢h. FINAP4CIAL REVIEW FiDaneig1 positio The statement of fitwicial activitie5 a5 sel oul on page 8 and 5how5 the result of the period from 6 April 2024 to 30 September 2025. The chariry ineutted ¢tssts ID fi]Tth¢Trn¢¢ ol il's ¢]witsble aclivitie5.of £1.4i3.077 {2024 £717,794) and costs of generating of £79,680 (2024 £71,971). After tsking into a¢coutrt these eXpel￿eS, the net incoming r¢sourye$ for the period. were £62.470 {2024 £201.556}. At 30 S¢ptcmb¢r 2025 as showm on the balance sheet on page 9. the Foundation h&% net ￿Sets of £8,084.583 12024 £8,022.113), whi¢h w¢r¢ tnainly held in fixed assets as shown on TK)te I l and 12 and on bank loan5 secured on some of these Rt8erYes policy The Trustees aim to keep in reserv¢5 * any point of time three months of expenditire to eover unplannaf etr]ergeney repairs to th¢ chwch building and other expenses. The amount of reserves held ￿ the period end w&s £8.084,583 (2024: £8,022,113). Going con¢ern The trustces Co[￿lder that there are material u￿ertainl1es al￿)ut th¢ ¢harity's ability to continue as a going Concern. They are ofthe opinion ihat donations from the church's large Congregation and the ineome from ¢h¢ inv¢sth)¢n¢ propetties will Cover any future liabilities. Pag¢ I COPTIC ORTHOIX)X CHURCH FOUNDATION Report of theTrustees FOR THE PERIOD 6 APRIL 2024 TO 30 SEPTEMBER 2025 STRUCTURL GOVERNANCE AND MANAGEMENr Governlng document Th¢ charity is o)ntrolled by its governing ¢kxumthL a d￿d of trust and Co￿t￿t￿ an ￿l￿or￿[al¢￿ Ch￿jty.Thc governing d(ullnent sets out its ¢haTitsble objects and the ￿1¢5 goveming its thinbsira¢i Th¢ Charity ￿ re8iStcred with the Th8rtty Cc*nmission for England atKI Wales and owal¢s in acrA)rdan¢e with its Consiiiution atKI applicable charity law. Retrnitment 8nd appointment ofllew tn The TTU5t¢¢5 and other council memkn of the (Jwity app)inted by the Di￿¢$3ft Bisly. The TnL5tees who wved thwugh the year were as stated below: Drl Tadn Dr M Mikhail N Boutyvs M Ga)rge (resigned 1.5.2025) DrG Hanna DrN P2phael E Elias laptx)inted 19.5.2025) M Fouad (apFrf)ini&l 19.5.2025} E Roufail (apwinted 30.5.2025) OrganisatiORAI structsre The foundation is an indivisible part of the Coptic Church in Egypt which h&8 &8 its Supreme Hegd, the Pope of Alexandria and deriv¢s ils spirittMi aUth￿lty to fiu)ction fiDm the Holy Cowi¢il of The Coptic th¢ Orth(thx Patriarchate in Cairo. Em suth &uthorÉty be modified or revo￿1. Tr Coptic (MKMbx Archbisknp of is appoin￿4 by th¢ Holy Sywd of the Cwic Onhcthx Churth by a I￿lIten over th¢ wca a5 the Diocese of which includes this tharity. l)egi$ion making The tn￿teeS of the Coptic Orth(Mlox Churth Foundation in (x)nsultation with the Coptie (kthodox Bishop of tDndon. th¢ priests of the church other memF*rs of the council. take decisions on a]1 mattets concerning the adminL5tration of the charity. Decisions on the chwch Spiritu￿ services to the Lxwcgati(x4 are tsken by the Coptic Ortl¥)&Jx knhbishop of London and th¢ priests. lrtdue¢ion and training of new trn$ttts The trustces are members of the thurch ard as s￿h we familiar with the prxtteat Work of the charity. New trnstees are 8iven training by &xisting trustees on'.th¢ Chuwh Con41tsrtx￿ the culrent financial p)sitth)n 8S S& out in the published a¢¢ount4 at¥J the chan"ty"s fvtwe pla￿% and Obi￿tiv¢S. Risk management The tNstecs have a duty to Kdentify and review the rtsks ￿ which the charity is ex[rf￿ and w ensu￿ appropriate ntrols are in place to PTDvid¢ r￿onable asgjrall￿ against fraud arKI error. REFERENCE AND ADMINtsrRATh DrfAIIS Registered Ch4rity number 265418 Prinripal addre&s St Mark Coptic Orthodox Church Allen Stsret Kensingtort tA)ndon London w8 6UX Page 2 covrIc ORTHOIM)X CHURCH FOUNDATION Re￿rt ofthe TrusteLS FOR THE PERIOD 6 APRIL 21124 TO JO SEPTEMBER 2025 Dr l Tadr05 M N¢oman Dr M Mikhail N BoutsDS M G￿rge (resigned 1.5.25) Dro Hanna DrN Raphael E Eli&8 laptM)inted 19.525) MFouad (appointd 19.5.25) E Roufail {appointed iO.5.25) Auditors Garside and Co. Limii Chartered Accountsnts & Staw A￿1110￿ Suite 631. Linen Hall 162-168 Regcnt Stre London WIB5TG Custodian Truste The legal title to the chariry's freehold pn)perty is Ve￿ed in C￿￿0d1#￿ truste4 WI￿ ljold the property on beha]f of the chariry. Ra%￿nSibIlity for the m￿e￿t and thinists*K)D of the cFwity and its ￿ Tests sol¢ly with the ch￿ltY EVENTS SINCE THE END OFTHE PERIOD Information relating to events SI￿ the erld of the is wven in the Th)tes tothe finan¢ial stat¢metts. srATEMENT OF TRUStEES' RESPONSIBILITIES The trustets bte responsible for preparing the ReW￿t of th¢ TnWe¢s and th¢ fin#neial statements in accordance with pplicable law and United KiThgthMn ACc￿￿￿g Stsndwds (United King&Jm C*ner81ty A(w*ted A(zounting Prac%ice). Charity law requires the trustee5 ts) prepare finaTKial stattments for each financial year. Lndtr that law, the trnstees hav¢ ele¢ted to prepare the finaneial statements in acwllla￿e with United Kingthrn G￿e￿[ty ALYepted Acwunting PJwti¢¢ Iuniied Kit)gdom Ac¢ou)Ming Standards and appli¢abEe14w). Under cjwity law the tntstees rn￿$1 aFTme the financial 5tstsrnents unl￿& tlw ar¢ *tisfied that they give a true and fair vi¢w of the state of affairs of the charity and of the incoming r￿UrceS atMI application of resourc£s. itxluding the sncome and expenditur4 of the charity for that Petiod. In P￿￿Ting th(bS¢ fiTwKial 5tat¢ment% the tntste¢s are rtquijrd select suitsble accou￿8 ￿lici¢S andthen appty them c4Jnsis*ntly" obselve the methods and principles in th¢ Charities SORP. mak¢ judg¢m¢nts and ¢5timaies th* are ￿￿nab￿ and rKudentr. state whether applicable ac¢ountit)g sthndards have been folknvtsl, subitrt to #Thy m*erial dep￿rt￿ disck*kd and explained in the financia] ststem prepare the financial statements on the 8Otn8 a)tKern b95is unlcss it is inapprowiate kn presume that the charity will continue in bus[n￿. The rjwtees we responsible for keeping propu accounts)g recon14 which dis¢105¢ with reasonabl¢ accuNy at any time the fuwicial position of the charity 8J)d ￿ enable them to t￿Ure that the fuwjcl￿ sraiements comply with the Charities Act 2011 and The Chariry (Accounts aTMI Rq￿s) Regulations 2(K>8. They are a150 rtsrx>n5ible for safeguarding the as%ts of the charity and henc¢ for tsking reasonable Ste￿ for the rKeventhon and dewiion of flaud and other irregulatiU&%. Page 3 COPTIC ORTHOtK)X CHURCH FOUNDATION Report ofthe Trus¢tt5 FOR THE PEIUOD 6 APRIL 2024 TO 311 SEFfEMBER 2 APr￿Ved by order of the of trustees on 3tJtJuly 2026..and sigTKd on its ￿half by.. Tn￿tte Report of the Independent Amditors to the Trustees of COPTIC ORTHODOX CHURCH FOUNDATION Opinion We have audited th¢ fknanria] stateTm)ts of COPTIC ORTHODOX CHURCH FOUNDATION (the,charL￿) for the period ended 30 September 2025 which Gompri5¢ the Statement of Financial Atiivitie& the BalatKe Sh￿L. the Cash Flow Stat¢m¢nt and notes io the finanrial sthi¢1nen￿ including a summary of si8nificani acwiinting policies. The fin8ncial reporting framewoTk that has been applied in their preparation is applicable law and Ulliied Kingd(m Accounting Stsndards (United Kingdom Getlcraily Acrepted Ar¢o￿ting Pracii¢e). In our opinion th¢ financial statements: 8LVe a true and foir view of the state tsf tbe chariws affaiT5 as at 30 S¢ptember 2025 of its in¢oming resourees and application of resources. for the perkod then ended. haye been properly prepared in aw)rdance with United Kingdom Generally Accepted A¢counting Practice. and have been p￿pared a￿ordanCE with th¢ re4uxrem¢nts of the Clwities Aci 2011. B*$i$ for opinion We conducted our audii in #thinlance with Itrternational Stsndards on Auditins (iIK) (ISAS (UK)) and 4pplicable law. Our re5wnsibilities under those standards are fiwther described in the Auditors. responsibilities for the audit of the fin￿l¢la1 statements s¢¢tion of our report. We are itldependent of the charKty irt aceordance with the ethical requirements ihat are relevant to our audit of the fin4EKiat statemertts in the UK, including the FRCS Ethical StalldgJd, and we have fulfilled our other ethical resp)nsibilities in accordance with these requlrements. We belkeve that the audit evidence we have obtained i$ suffi¢ienr and appropriat¢ to provide a b￿]$ for our opinion. ComtlusioTrs relating lo going eoncern In auditing the finanrial stattmcnts. we have concluded th8t the trustees, use of the going concem basis of aecounting in the pr¢parati(￿ of the fLDan¢iai statements is 8ppropriBts. Based on the work we have wformrf Iwe not idcntified any material utK¢rtainli¢s re]ating to events or conditiorts thal individually or collectively, may cast st8nifiwt doubt on the Charitys ability io coNinue as a going concern for a period of at least twelve months frorn when the fIna￿la1 statements ar¢ authorised for issu Our responsibilities and the responsibilities of the Ir￿ with resw to going coneem ar¢ described in th¢ relevAnt sections of this r¢port. Other infom#iloD The trustces are re5ponsibl¢ for the other informaiiom The other Inforn￿li0rt eompris¢s th¢ infotmation included iti the Annual R¢ptsr( oth¢r thatt the financial $tat¢m￿ts and tyjr R¢p)rtof the I￿A¢pe￿￿ent Auditors thereon. Our OPiniOD on the finart¢ia] swements dixs not cover th¢ other inform￿lOn An(t except to the extrnt otherwise expli¢itly stated our re￿1( we do Th)t express any fom of &8surw￿e ron¢lusion thereon. In ronrte¢tion wÉth our audit of the fit)an¢io] ststements. our responsibility is tr> regd the other infonnation and, in doing so. consid¢r whether the other Inftsrn￿ti1)D is materi8lly inconsistent with the financial s(￿Ments or our ktM)wled8t obtained in the #udit or otherwise appewr5 tt> k materially misstated. If we identify such tnaterithl inconsistencie5 or appar¢nt material misstatements, we are ￿quired to detemiine whether this gives rise to a material misst#tem¢nt in th¢ fmancial staten]ents themselves. If, based on th¢ work we have perfonnel we l￿nClUde there is a rnaterial misstatement of this other inforn￿ll0n. we are r¢quiTed io rep)rt that fath. We have nothing to in this regard. MattÈrs on whlth we Are reqvired to rewrt by ¢ir¢pti•n We have nothing to report in respect of the following mauers where the Charities (Accounts and Reports) Regulaiion5 2008 requires us to report to you if, in opinion-. the information siven in the Rep)rt of th¢ Trustees is incoKsistent rnatrri￿ respect with the financial ststem¢nts' or sufficient accounting records have Th)t been kryt: or the fillancial statements are not in agre¢m¢nt the accounting re￿rdS and rew or we have not re¢¢ived all the infoTrnation #nd eXplan￿lOr&s we requir¢ for our audiL P8ge 5 Reporl ofib¢ IndepelldeDI Audltors to the Trns(￿ of COPTIC ORTHODOX CHURCH FOUNDATION Respfynsibilities of trustees As explained mor¢ fully in the Statement of Trust¢¢s' RespoAsibilitie4 the tTUStee5 are resp)nsible for the preparation of the fit)ancial stat¢ni¢nts M&ich give a true 8t￿ fair vs¢w, and for such internal ¢Onts￿l as the trnstees detern)ine is newsary to ¢nable the prepardtion of f￿ancial stat¢m¢nts that are free from tna*rial misstatemenL whdhcT du¢ to ￿ud OT error. In preparing the ftnancial ststements. the tr￿￿te¢s responsible for a8sessing the clmrity's ability io ¢ontinue as a going ¢oncern. di5closin& as applicable, mallers rel￿ed to going cO￿ern and the going con¢¢rn b￿15 of accounting un1¢s5 trustees either illtend to liquidate the charity orlo ¢e￿ opu*tonK or have tto realistic ahernative but to do so. Our rtspottsibilities for the audit of tbe fiDancial statejnents We have been appointed as auditOT5 undcr Sedion 144 of the Chariii¢s Ad 2011 and rewrt in aecordance with the Act and r¢l¢vant regulations made or having effect thereunder. Our objectives are Èo obtsill re&wthle aSSLwallce aknut whether the rIn￿l81 staiements ￿ a WI￿1¢ fr¢¢ frtsm material misstatem¢ni, whether due to fraud tsr error, and ￿ Is$￿ a R¢tx)n of the Independent Auditors that includes our opinion. Reasonable a55uranr¢ is a high level of assurdnce. but is not a guuant¢c that an audit conducted in a¢¢ordance with ISA$ (UK} will always detect a materi31 misstatement when it exists. Misslatemetts can 3Tise from fraud or error atMI are consÈdered material if, individllally or in the aggregat¢ thry could reasonabty be expected to influence th¢ wonotnic decisions of users taken on the b￿15 ofthesc financial statements. The extent to which our proeedure$ Ore t#pabl¢ tsfd¢t¢cting Twlariti¢4 in¢luding fTaud is detailed below.. The extent to whÉch our procedures ￿e capabl¢ 0fd¢t¢al￿ irregulariiie& including fraud is detsiled ￿10￿. The charitable company is subjttt to laws and regulations that directly affect the financial statements including financial reporting legislation artd a55ts5ed the extent of cotwJliallc¢ with these la*3 atyj regulations as part of ovr procedures on the related financial statements items. We communicated identified laws and rr8ulatiQNs thTDU8hout Dur tearn and remained alert w any Indicotio￿ of noth-¢ompliarKe througlK)ut the audit. Our procedures 1￿ClUded.. - Discussion with tlk)s¢ in charge with managemen¢ a*d from inspection of the entity's regulatory and legal ¢orrespondence. Discussion with those charged with ma¢)agement the policies and prrrf¢dur¢s regarding cotnpliance with laws and regulations" - Reviewing financial ststemeni disdosures atKI testin8 to SUP￿rtIng documer￿lon to assess compliance with applicable laws and Tegulations- and - Enquiry of manag¢menL Ilv)se ¢harged with governance around actual and ￿tentIal litigation claiJll5. There are inherent limiiaiions in the audit procedufts d¢%ribed 8bove. We are less likely to become aware of inslattces of non-compliance with laws and regulations that are not closely related to evenis and transactions refleeted in the financial stsiements. Also, the risk of noL d¢tr¢ting a material miss￿eMent due to fraud is higher than the risk of TK)t detecting oiie resulting frotn crror, as fraud may ini'olve deliberate conc¢a]ment by* for exampl¢. forgery or intentional ]ni5repre5entations. or through ¢ollusion. We are not resp)nsibl¢ for prevenling rA)nw¢ompliance or fraud aThd wTh)t be expe¢ied to detect non¢ompliart¢e with all laws and reEulatiotL A further descrtption of our responsibilitie5 for the audit of ￿ financial Ststem￿ is located on th¢ Financial Reporting Council's website ai ww.fre.org.ukJauditorsresFX)Dsibiliti¢s. This description forn￿ part of our R¢port of th¢ Ind¢pendent Auditors. Pag¢ 6 Report of the Independent AudltorJ to tbe Trnst¢ts of COPTIC ORTHOIM)X CHURCH FOUNDATION U$e of our report This r¢p)rt is mad¢ x>lely ￿ the ¢harttYs tnJsiee4 &5 a W. in xcord8nee wtth Part 4 of the Chariti¢5 {A¢counts #nd Reports) Regulations 2(M)8. Our ￿di¢ work has be£n UDd¢rtaken so we mighi Lo the charity's tn]stre5 those matter5 wc are raluired to State to than in an auditor< rqth and for no other purp05c. To th¢ fvll&st ￿1th1t ￿rmItted by law, we th) not or &s5umc roFK)nsibility to anyon¢ other thgn the dwity and the chartW5 tswsttts as a kndy. for ow audil worL for this rerA)o or for the opinio￿5 i¥e have lorme Gareth O Hvghes For on Behallof Gar5id¢ and Co. Limited Chartered A¢¢ountants & Ststutory Audi Suite 631. Linen H￿] 162-168 Regent Str¢et Lond WIB5TG Da*: 31 July 202( Page 7 covrIc ORTHODOX CHURCH FOUNDATION Statement of Financial Aetivities for the Period 6 April 2024 to 30 September 21125 Period 6.424 Year Ended S.4.24 Total funds 30.9.25 To￿1 fimds Unrtstrieted Restrieied fimd INCOME AND ENtK)WMEfm FROM Donaiions and legacies 1230,466 1.230,466 708,233 ChArit#ble 8etivitses Church a¢tivitL¢S 3.755 3.755 3.782 Investmetst i]we Oth¢r income 329.018 13.988 329.018 13.988 259,366 Tot•l 1.577227 1.577227 971,381 EXPENDITURE ON Raising funds 79,680 79,680 71,971 Ch4ri¢¥ble *¢tivitles Church artivities 1.435.077 1,4i5,077 697,854 Totol 1,514,757 1,514.757 769,825 NET INCOME 62.470 61470 201,556 RECONCILIATION OF FUNDS Total funds brought forward 7,629,045 393,068 8.022.113 7.820.557 TOTAL FUNDS CARRIED FORWARD 7.691.515 393,068 8.084,583 8,022,113 The ￿te$ forn part of these fiJwicia] ststements Pa8e 8 COPTIC ORTHOi)OX CHURCH Fouf4DATION Balance Shrtt 30 SEvfEMBER 2025 30.9.25 5.4.24 Total Ujwestricted Restricted fijnd fL￿d fwmls FIXED ASSETS Tatjgible &ssets Investtnem property 5.405J63 3.650,IMIO 393.068 5.798,431 3.650.000 5,824,752 3.650,(KM) 12 9,055 J63 393,068 9.448.431 9,474.752 CURRENf ASSETS Debtors Cash * b0] 13 141209 898,545 141,209 898545 133.731 ,180.(AI 1.039.754 1,039.754 l J14,372 CREDITORS AnK)unts fa]lin8 withinone y 14 (424.883) (424.883) (557,916) NET CURRENf ASS 614.871 614.871 756.456 TOTAL A&SETS LE&$ CURRE LIABILITIES 9.670234 393.068 10.063J02 10231,208 CREDITORS Amounts f￿ling thie after mor¢ than one year 15 (1,978.719) (1,978.719) (2209.095) NET ASSETS 7,691515 393. 8.084583 8.021113 FUNDS Unrestricted fimds Restricted fiujds 17 7.691515 393.068 7.629.045 393.068 TOTAL FUNDS 8.084,583 8,022.113 The financial ststements were 8p]x0V￿ by the Bwd of TnLrfees and autksrised for issue .31si July 2026....._ and wetr $i￿￿d OD its E¢ba]f by.. Tn]stee coyric ORTHODOX CHURCH FOUNDATION Ca5b Flow Stat¢ment ror the Period 6 April 2024 tts 30 September 2025 Period 6.4.24 Year Ended 5.4.24 30.9.25 Cash flows from oper•tkng Activities C&8h generaied from operations 34.485 227,915 Net ¢&sh PTovid¢d by 0￿￿ing a¢tivities 34,485 227.915 CA8h flows from invesdng *etlvities PU￿h￿se of tangible fixed ¥sets Intercst r¢¢¢iv¢d {18,602) 10.840 16.555 Net cth provided by1{￿ed in) invcstsng actsvities 16555 {7.762) Cash flows from flnanelng aetmtles Inkrest paid Net loan repayment (246,699) (86.437) {171,680) (129,153) Net c&th used in fin8n¢ing activities (333.136) (300,833) CThaDge in casb and euh equivxlents ith the reporting period Cash and ￿5h equiv*leDts at tbe Iwning of the Teportlng ptrlod (281096) {80,680) 1.180.641 1261.321 C8sh and ush equivaleDts at tbe end of (he reporting period 898J45 I,I 80.641 Thc notes forni part ofthEse fina)cial ststements Pag¢ 10 COPTIC ORTHODOX CHURCH FOUNDATION Notes to the Cg$b Flow Stst¢meTht ror the Period 6 April 2024 to 311 S¢ptembtr 2QlS RECONCILIATION OF NET INCOME TO f4ET CASH Ftnw FROM OPERATING AcfiviTIES Period 6.4.24 Year Ended 5.4.24 30.9.25 Net income for the reporting period (8$ per the StxtemeDt of Finanei*l Aetivities) Adjustments for: Depreciation ¢kn8es Interest received Interest payable (Incr¢a5¢yde¢rease in deb￿r9 DeCre￿e in crtditor5 62,470 201,556 26J21 (16.555) 246,699 (7.4781 (276,9721 28,790 (10,840) 129,153 2,842 {123,586) Net ¢ash provided by oper*tiotts 34.485 227.915 ANALYSJS OF CHANGES IN NET DEBT At 6.4.24 Cash flow At 30.9.25 Net ta$h Cash at bank I.180.64I (28?.096) 898.545 1,180.641 (282.096) 898,545 Debt Debts fa]ling thie withtn l year Debts falling due after l year (59,682) (2209,095) (143,940} 230,376 (203,622) (1,978,719) (2268,777) 86.436 {2,182,341) Total {1.088.136) (195.660) {1.283.796) The notes fonn part of tlK5¢ financi¥l 5tstements Page 11 covrIc ORTHODOX CHURCH FOUNDATION Notes to the Financial Statements for the Period 6 April 2024 to 30 SepteDther 21)25 AccouffflNG POLICIES Bisis of prepgring the f￿￿￿¢1*1 $tsttmeDts The finan¢ial 5tatemettts (pf the dlatity. is a publi¢ beneflt entity Utmler FRS 102, have becrt prepared in accordance with thE Char¢t1¢5 SORP (FRS 102) 'Aceountin8 and Reportin8 by Ch8rities." Statement of Recotnm¢nded Practi¢¢ applicable ￿ charities preparing their 8ccowits in accordan¢e with the Financial Reponing Standard appli¢ablt in th¢ UK and Republic of Ireland (FRS 102) (effective l J8ttuary 2019),, Financial R¢porting Stat)dard 102 Th¢ Financial Re￿rtIng Stsndanl applic4bl¢ in th¢ UK and Rcpublic of Irclynd and the Charities Act 2011. The fll)ancial sthtem¢nts have been pr¢pared under the historical e05t conv¢ntion. ChaThg￿ itt *enati¢)ns. The value of the investment prop¢rtie5 is kept the sam¢ &s the previous year, it 1$ in the tnL5tees' vi¢M¥ that there ha5 not been significant change in the Mark￿ value of similar properties from the previous year {in 2024 t)0 change). The charity h4s d¢btors whi¢h att m¢asur¢d at settlement an￿￿llts less any trad¢ dis¢ounts. Reaiised gaitis included in th¢ Statrtnent of Fina￿la1 Activities in the year of disEM)sai. Expenditure and ii*bi]ities Liabilities are recognised as expenditure as S£￿ as there is a le8al or eonsthjctive obligation committing the charity to that ¢xpenditUTe. it is probable that a transf¢r of econtsmic benefits will b¢ req￿red in settlement and the amount of the oblÈ8atioR can ￿ rn¢asur¢J rrliably. Expenditure is ac¢ount¢d for on an accruals basis and has beell classified under headings that aggregat¢ ail cost related ¢0 th¢ caiegory. Where COSLS caDnot be dirrcdy attribu*41 ￿ particular hewjings they havc been all(br￿ed to activities on a b&si5 consistent with the use of rtsources. The charity h&$ creditors which are mea5urd at settitrnent at￿unts less any trade discounts. Raising funds Expenditure on rai5in8 fiLDds comprises all ¢osts I￿Vrred by the charity in scekillg voluntsry d¢)nations. grdn legacic5. SPOn50T5hip. fundraLSLnR cvent& and other fonns of irwm¢ £￿￿tiOn. It ajso Includes th¢ ¢osts of trading a¢tiviti¢s widertaken to raise fillmls for the charity's charitsble purposes. Charitable actiwities Direci chariiable expenditure inclth all stsff ¢osty property attd other expendittue dir¢ct]y relattd to the charttabl¢ a¢tivitses of the Foundation. Gov¢rn*nct and wpport rrffjts Support costs h&ve tK)t beert alknc*ed berwren governallc¢ CO￿ and oth¢r ¢osts. Page 12 ntinued... COPTIC ORTHODOX CHURCH FOUNDATION Notts to the Finaneial Ststements- eontiThued for the Period 6 April 2024 to 311 Septsmber 21)25 ACCOUNTING POLlCtES- continued Governantt and wpport Costs Qov¢rnance cost5 comprise all costs iDvtilvitig public accountsbiliry of th¢ dwity ¥nd its compliance with regulation and good practice. Suppx)rt ¢osts in¢lud¢ ¢¢ntyal fittK¢ions. TaDgible fixed a5xts italisation A unit of pmp¢tty th* has an r¢oMkmi¢ US¢fi￿ lifr that eJteThts beyond 12 Mortt￿ is treattd &$ a fixed asset. Assets are Capitslised on an item by iiem b&sis. Assets not deerned to have a llqeojl life 12 mnihs are expensed as incurred. an 'ble fixed assets for use b the char" Tangible fJx¢d assets other than frtthold land gre ststrd at cost less depreciation. Depreei*ton is provided at twes calculared io write off the coll less ¢stimated r¢sIdU￿ vJiu¢ of a5S¢t over its exp￿￿1 us¢ful life as follows.. Fr¢ehold buildings- 2•h 5traigbt line OffLce equipment- 15% redu¢iThg ba]an¢¢ Fixttwes, aheraiions. fittin85 & cquipment- IIPA rethicin8 balathce for chtr¢h & 20% straight litt¢ for offi¢e and fiats Building under constrnclion-Not depTe¢iated Investment prnperty IDvestment prop¢rty is shown at tllOSt recent valuation. ADY 888r¢gat¢ surplus or deficit arising from changes in fair value is recogni5ed itE the Stst¢ment of FiTiancial Activities. The investsnent properties ar¢ ￿rrIed in the fmancial ststements at their market Yalue. Each year the Trustees review the Valuation of the &s5ets and use market values to detertnine if a reva]u*ion is required. No depr¢¢iation is provided on the properties. Ne¢ gaitis and losse5 on disposal alld revaluation of inve5llnents ar¢ charged or credited to the SOFA T*utiott Thr charity i5 exempt from thx oth its ch*ritsble acttvities. Fund aceowiting Unrestricted funds can b¢ used ill aC￿r￿a￿t with the ¢Fthritsble objcctives at th¢ di%￿tiOn of the trustees. Reslrictcd funds ￿ only be used for panicular restricted PUTW within the objects of the chartty. RestTiCtiQTJS aris¢ wh¢n Sp￿lfied by the dO￿r or fiu￿5 are rais￿ for parti¢ular restricted putP05e5. Further explanation ofth¢ nattwe and purpose of each fulld is IJKluded IN the notr5 kn the finan¢ial $lat¢ments. ForeiEn Curre￿CleS Ass¢ts and liabilitie5 in foreign currencies translated into sterling at the rates of exchange njling at th¢ balan¢e sheet date. Transactions in foreign cwrencies are tran518td into sterlthg at the rate of exchange ruling at th¢ dat¢ of tratisaGtIo￿ Exchange differences or¢ tskeD into accouttt in 8rriving * the operating ￿Su11. PensioD costs and othtr pos¢-retiremtllt benefits The charity opuates a def]lled contribution pension scheme. Contributiotk8 payabl¢ to the charitys pension scheme are charged to the Ststernent of Financial Activities in the period to which they rela*. Pagc 13 continued... COPTIC ORTHODOX CHURCH FOUNDATION Notes to the Finattei*l Stxlernettts- contiNutd for the Period 6 April 2024 to 3(1 Septtmber 2025 ACCOUNTING POLICIFS- coNtinutd Material prioryear errors No material prior year errors have been identified thc r¢portin8 trtriLhJ. DONATIONS AND LEGACIES Period 6.4.24 Year Ended 5.4.24 30.9.25 tknnations and gifts 1230.466 708,233 INVESTMENT INCOME Period 6.4.24 Year EDd¢d 5.4.24 iO.9.25 Rents re¢¢iv¢d Bank inter¢st 311463 16J55 248.526 10,840 329.018 259,366 INCOME FROM CHARITABLE AcfiviTIES Period 6.4.24 Year Ended 5.4.24 30.9.25 Activity Church activitie5 Other charitsble a¢tiviti¢s 3.755 3,782 Page 14 ¢ontinued... COPTIC ORTHODOX CHURCH FOUNDATION Notes to the Fingneial Sta¢¢meDts- conthived for the Period 6 April 2024 to 30 September 2025 RAISING FUNDS Raising donations and legades Period 6.4.24 Year Ended 5.4.24 30.9.25 Fulldraising wsts 10.743 Investment m*n4g¢ment eosts Period 6.424 to 30.9.25 Year Ended 5.4.24 Property maNagement fees Property 5crvice eharges Propety Repairs and Maintenan Property Insurance 18,959 35.076 2,307 12,595 22,768 24,168 19,010 6,025 71.971 Aggregate amounts 79,680 71,971 CHAR￿ABLE ACTIvrrIES COSTS Support CQ5ts {see r￿)te 71 DÈr¢rt Costs Totsls Church a￿]v1￿c$ 1.413,391 21,686 ,435,077 Pa8e IS continued... covrIc ORTHODOX CHURCH FOUNDATION Note¥ to the FlnAncial St#ttments- continued ror Ihe Period 6 April 2024 to 30 September 21)25 SUPPORT Cosrs costs Chweh activities 21,686 TRUSTEES, REMUNERATION AI¥D BENEFrrs There w¢r¢ no trustees. remuner￿10￿ or other b¢n¢fits for the pemd ¢nd¢d 30 Septcmber 2025 nor for the year ended 5 April 2024. Trn$t¢e$' expenses There were no t￿￿te£s. paid for the wiod ended 30 September 2025 llor for the ye4r ended 5 April 2024. KEY MANAGEMENT PERSONNEL The ¢h8rity eotLsiders its TnJs*es kn be its Key ManageMt Personnel who are Mt rernunerated for their services. io. COMPARATIVES FOR THE ￿ATEmENT OF FINANCIAL AcfiviTIES Unrestricted Restricted fillkd Total nds INCOME AND ENDOWMETrfrs FROM Donations and leg&¢i¢s 406.685 301,548 708,233 Ch#rltabl¢ *¢tiviti Church activities 3.782 3,782 Ittvestment incorne 259J66 259.366 Total 669,833 301,548 971,381 EXPENDrruRE or4 Raising funds 71.971 71,971 Charltsblt Adlvldts Chwch aaiviiies 697.854 697,854 Totsl 769,825 769,825 NET TNCOMFJ(EXPENDTfiJRE) (99.992) 18.602 301.54g {18,602) 201,556 Transfers behyettt fu￿￿8 Net MOve￿ent in funds (81Ji90) 282,946 201,556 RECONCILIATION OF FUNDS Tota] fimds btought forward 7.710.435 110.122 7,820J57 Page 16 ntinu¢d... COPTIC ORTHODOX CHURCH FOUNDATION Notes to tht Financi*l St•terneDts- contiiued for the Period 6 Apiii 2024 to 30 Septtmber 2025 io. COMPARATIVES FOR THE STATEMEfff OF FINANCIAL ACTIVITIES- continued Unr¢5tticted Rc5tricted fund Total funds TOTAL FUNDS CARIUED FORWARD 7.629.045 393.068 8.022,113 TANCIBLE FIXED A&srrs Freehold property Plant and ma¢hinery Totsls COST At 6 April 2024 and 30 Septtmbcr 2025 6,025,037 194.965 6220.002 DEPRECIATION At 6 April 2024 Charge for year 293.596 12J23 101.654 13,998 395,250 26.321 At 30 S¢pt¢mb¢r 2025 305.919 115.652 421.571 NET BOOK VALUE At 30 Sept¢mb¢r 2025 5,719.118 79.313 5.798,431 Ai 5 April 2024 5.73 1,441 93.311 5,824,752 The cost value of F￿£hOld taTKI glld Buildings pledgal as St￿￿tty for bank ]oans &$ disc105ed in ttote 14 is £722,711. 12. INVESTMENT PROPERTY FAIR VALUE At 6 April 2024 and 30 September 2025 3.650,000 NET BOOK VALUE At 30 S￿ternb¢r 2025 3,650.000 At 5 April 2024 3.650.000 P4ge 17 ¢ontinued... coyric ORTHODOX CHURCH FOUNDATION Note$ to the Fin¥ttci81 St*¢cJutnts- cvnlinued for the Period 6 April 2024 to 30 Sewember 2025 DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 13. 30.9.25 5.4.24 Gift aid T¢¢eivable SMPK Loan Receivable Pr¢payments and accrued inwme 117.433 6257 17.519 117,433 6,257 10,041 141.209 133.731 14. CREDrroRS: AMouNfs FALLING DUE WITHIN ONE YEAR 30.9.25 5.4.24 Bank loans and ov¢rdralts (see note 16} Taxation and Social se¢urity Other ¢r¢ditt>rs 203,622 31.951 189JlO 59.682 9,594 488.640 424.883 557,916 15. CREDITORS: AMOUNTS FALLINC DUE AFfER MORE TIIAN ONE YEAR 5.4.24 Bank loatL% {se¢ not¢ 16} Other creditors 1.968.719 10.000 2.199,095 10,000 1978.719 2.209,095 I& LOANS An analysis of the mawrity of k>ar￿ is giv¢n below. 5.4.24 Amounts falling du¢ within one year on demand: Bank loans 203,622 59.682 Amounts falling due betwten and fiv¢ y¢ars: Bank loans- 2.5 years ans frorn members 803,910 10.000 2.199,095 10,(H)O 813.910 2.209,095 Amounts f8lliDg due in nv)re than fiv¢ years: Repayable by instalments.. Bank loan5 nK)re S yr by instal 1.164.809 Page 18 colltinued... coFrIc ORTHODOX CHURCH Fouf4DATION Plotes to tht FlnaDcial St•t¢iiietsts- CODithu¢d for the P¢riiKI 6 April 2024 10 30 September 2025 17. MOVEMEPU IN FUNDS Net rr*)v¢metkt in fiwds At 30.9.25 Ai 6.4.24 Unrestricted funds G¢n¢To1 fijnd 7,629.045 62,470 7.691.515 Restrlcted funds Restri¢t¢d thnd 393.068 393.068 TOTAL Furws 8,022,113 62.470 8,084,583 Net movement in fjJnd& included in the above are as followJ: [r￿oMIng Resources ¢xpended Mov¢m¢nt in fvnds Unrestricted funds General fimd 1.577.227 (1.514.757) 62.470 TOTAL FUNDS 1,577,227 (1.514,757} 62.470 P8ge 19 continued... COPTIC ORTHODOX CHURCH FOUNDATION Notes to the Finxneial Statements- ¢Onlinued for tht Perlod 6 April 2024 to JIJ September 2025 17. MOVEMENr tN FUNDS- contitioed Comparatiyes for mov¢m¢nt 5n Net rnoVeM￿t in fijnds Transfers At 5.4.24 At 6.4.23 funds Unrestricted fvnds Gen¢ral fiLThI 7,710,435 (99.992) 18.602 7,629.045 Restrieted funds Restricted 110.122 301.548 (18,6021 393.068 TOTAL FUNDS 7.820.557 201.556 8.022,113 Cornparatiye net movement in in the above we as follo￿. Jncoming Resources expended Movement in ￿ttds URrestri