CharSty roglstration number 519300
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Dr R Saad
Dr. E Morgan (Secretary)
Dr. N LA2iZ
Dr J S Maximous
Mr S Dimilri
Dr S Saad
Charlty number
519300
Prlnclpal address
The Coptic Orthodox Church of Sl Mary the Virgin and St Mina
Heaton Moor Road
Stockport
Cheshire
United Kingdom
SK4 4PB
Independent examlnor
Azets Audit Services
Alpha House
4 Greek Sl
Stockport
Cheshire
United Kingdom
SK3 8AB
8anker8
HSBC Bank PIC
24 Sl Anns Square
Manchester
United Kingdom
M2 7HD
Priests
Father Bishoy Naguib
Father Hedra Gerges

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
CONTENTS
Pag•
Truslee8' report
Statement of trust••s' reiponsibllitie8
Independenl •xamln•rf8 report
Statem•nt of financlal actlvltle8
8alanGe sheet
Notes to the financlal stat•m•nts
8-15

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Irustees have pleasure in presenting their report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's goveming document, the Charities Acl 2011 and "Accounting and
Reporting by Charilies.- Statemenl of Recommended Practice applicable to charities preparing their accounts in
accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102)" {effeclive 1 January 2019>.
Obje¢tiv•$ and actlvltl
The main purpose of the charity is lo promote the Coptic Orthodox Church in the UK and Egypt. In furtherance of
the objecl the Trustee may provide and maintain places of worship, carry on Teligious services, pray and provide
housing of prie51s and hold religious and other meetings in connection with the Coptic Orthodox Chufch. The charity
runs a church in Manchester, has established a second church in North Wales and further churches in Liverpool,
Bolton, and Kidsgrove. A monthly service is also established in Chester, wilh a view to establish a church there.
The constitution was updated in 2003 to specifically include the object of relief of poverty in Egypl and amongst the
Egyplian community in the United Kingdom. The foundation is an indivisible part of the Coptic Orthodox Church of
Egypt. which has as ils supreme head Pope Tawadio$ 11, The Pope of Alexandria and the Patriarch of the Sea of
Saint Marks.
Publ1¢ ben¢flt 8tatsment
Dunng ihe year the trustées have considered the publi¢ benefil guidance issued by the Charily Commission
together with the supplemenlal guidance on application of the public benefit test to charities whose alms include
advancing religion. The Trustees afe aware of their legal duty lo have regard lo the public benefit guidance and to
report on the charity's compliance wilh the public benefrt obligation.
Since the main church is open to the public and no charge is made for attendance, there is the witssl possible
reach from the charity's activities.
Grant maklng poIIcy
It is the poliGy of the church to make grants that relieve poverty in Egypt and amongst the Egyptian community in
the United Kingdom.
Achlevements and porfomianco
The church has continued to provide ils main role of spiritual services to all members of its congregation. religious
5pirilual input and education to children and young people and support in various ways to all members in need.
Regular servi￿$ and lrturgies are cafried out regularly during the week on Wednesdays, Fridays, and Sundays,
occasionally on Saturdays. Our church also held regular services on Saturdays in the new churches ol Kidsgrove in
Stoke-on-Trenl and Chester.
Youth meetings are regularly held on Thursday evenings. Vesper prayers. language studies, and Coptic hymns are
also carried out for youths on Saturday nighls.
The church continued to have a good relationship with olher denominations and other chruches. The church
members saw an increase in numbers due to a lot of young doctors joining the work force in the NHS from Egypt.
Sunday schools prospered as the number of children had increased and joined the El Kraza programme of teachin9
and competition.
The Mayor and other dignitaries shared with us the services during Easler and Christmas mass.
The church continued lo help the visiting priests in getting treatment and medical attention as they couldn't gel in
Egypt. Two fundraising events were held during the year whith were well attended by the communty.

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial revlew
During the year. income increased from £255,343 in 2023 to £275.202 in 2024.
The thnds were used in updating a few things in the churches bolh in Stockport and Llandudno.
The funds helped the church in meeting the ever growing expenditure and the ¢ashflow and meeting all the medical
bills of Ihe visiting priests.
Helping Ihe poor in Egypt with their treatments and social needs continued through sending fund5 to their churches.
During the year the charity made a net surplus of £21,871 (2023.. Sufplus of £48,454)
The principal funding source during the year was from the donations through standing orders, fundraising events
and the attributable GiftAid Claims.
Reserves pollcy
It is the policy of the charity that unrestricted free funds should be maintained al a minimum level equivalent lo Ihree
month's expenditure, excluding the discretionary grant.
In prior years, funds were identified as restncted that had been ulilised and so were no longer restricted., these
fvnds have now been reallocated to unrestricted.
Prlnclpal rlsk3
The trustees have assessed the major risks lo which the charity is exposed. and are satisfied that systems are in
place to mitigate exposure lo the major risks.
Financial.. The risk of not raising sufficienl funds to cover annual runnlng costs, which 1$ mitig*ed by a very broad
support base and adequale reserves.
Skills and Knowledge.. The charity relies on a broad range of skills and abilities to deliver ils a￿1Vities. The charity Is
well served by its small staff team., by its Trustees who bring a broad mix of theological, business knowledge and
experience; and by many volunteers.
Reputation. Areas of reputational risks include - ministry, morality, health and safety. child protection, company and
charity compliance. We are well served by the Truslees and by our professional advisors.
Plans for futurn porlods
The Church plans to continue to develop ils ministry in the North Wesl of England, North Wale5, Liverpool and
Bolton.
Structure, govornance and management
The charity was consliluted by Deed of Trusl dated 3 September 1987 as amended 16 October 2003 and is
registered with the Charity Commission wrth the number 519300.
The trustees who seNed during the year and up to the date of Signatu￿ of the financial statements were..
Dr R Saad
Dr. E Morgan (Secretary)
Dr. N LA2iZ
Dr J S Maximous
Mr S Dimitri
Dr S Saad

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Appointment of trustees
Trustees are appointed after obtaining the congregation's views. The Bishop and the priests then appoint them
accordingly.
The key management personnel of the charity comprise Ihose priests of the ¢hurch who are responsitje for
managing the spiritual side of the charily. Changes in Temuneralion are agreed by the board of Trustees, who
compare salaries to averages a¢ross the sector. The Twslees are also deemed to be key managemeni personnel,
but do not receive remuneration of any form.
The Irustees, report was
proved by the Board of Trustees.
Dr J S Maximous
Trusttè
Date:
20-11-2024

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees are responsible for preparing the Trustees, Report and the financial stalements in accordance with
applicable law and United Kingdom Accounting Slandards (United Kingdom Generally AC￿pted Accounting
Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each
financial year which give a Irue and fair view of the state of affairs of the charity and of the incoming resources and
application of resources of the charity for that year.
In preparing these financial slatements, the trustees are required to..
select suitable accounting policies and then apply them consistently..
observe the melhods and principles in Ihe Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable a¢¢ounting slandards have been followed, Gubject to any material departures disclosed
and explained in the financial statements; and
prepare the financial statements on the going concern basi$ unless it is inappropriate to presum8 thal the charity
will continue in operation.
The Irustees are responsible for keeping SLffi¢ienl accounting records that disclose with reasonable apxuracy al any
time the financial position of the charily and enable them lo ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Re9ulalions 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
pr8venllon and detection of fraud and other irregularities.

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
I report to the trustees on my examination of the financial statements of Coptic Orthodox Church Foundation
Manchester (the charity) for the year ended 31 March 2024.
Re8ponslbilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial ststements in accordance with
the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the ¢harity'S financial statements carried out under section 145 of the 2011
Act. In carrying out my examination I have followed all the applicable Directions given by the Charty Commission
under section 145(5)Ib) of the 2011 Act.
Independent examlnerfs statement
Since the charity's gross income exceeded £250.000 your examiner musl be a membef of a body listed in section
145 of the 2011 Act. l confimi thal l am qualified lo underlake the examination because l am a member of Institute
of Chartered Accountants in England and Wales, which is one of the lisled bodies.
Your attention is drawn to the fact that the charity has prepared financial slalements in accordance with Accounting
and Reporting by Charrties preparing their accounts in accordance with the Financial Reporting Standaid applicable
in the UK and Republic of Ireland IFRS 102) in preference lo the Accounting and Reporting by Charities.. Statement
of Recommended Pradice issued on 1 April 2005 which is referred lo in the extant regulations but has now been
withdrawn.
l undersland that this has been done in order for financial statements lo provide a true and fair view in accordance
wlth Generally Accepted Accounting Practice effective for reporting penods beginning on OT after 1 January 2015.
I have completed my examination. I confirm that no matters have come lo my attention in connedion wilh the
examination giving me cause lo believe Ihal in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act., or
the financial slalemenls do not a¢Gord with those records. or
the financial statements do nol comply with the applicable Tequirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement Ihal the
accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concern5 and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements lo be reached.
Jonathan Ward - FCA
Azets Audit Services
Alpha House
4 Greek St
Stockport
Cheshire
SK3 8AB
United Kingdom
Dated..

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrnstri¢ted Unre$tri¢tsd
funds
funds
2024
2023
Notes
Donations and legacies
Investments
Other income
275.183
19
255.287
51
Total income
275,202
255,343
Charitable activities
253,331
206,889
Net income for the yearl
Not mov•m•nt In funds
21,871
48,454
Fund balances al 1 April 2023
7S2,639
704,185
Fund balances at 31 March 2024
774,510
752,639
The statement of financial activities includes all gains and losses re¢ognised in the year.
All income and expenditure derive from conlinuing activities.

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Flxed a•$ets
Tangible assets
11
595.555
601,248
Current assets
Debtors
Cash el bank and in hand
12
238,298
29,783
Z23.9r2
27,056
268.081
250.978
Credllor8: amouTht8 falllng due wlthln
one year
13
(76.656)
(77.173>
Nel Current as$èts
191,425
173,805
Tot•1 18iets It8• eurrent Ilabllttle8
786,980
775.053
Cr•dltors: amounts Iolllng due after
morè th•n on• y•ar
14
{12,470)
122,414)
N•t a81èts
774,510
752.639
Income funds
Unrestricted funds
774,510
752.639
774,510
752.639
The ffinanci81 statements were approved by the Trustees on .... ..
Dr. E Morgan (Secre
Tru•t
Dr J S Maximous
Tru8tee

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policies
Charlty Inforniatlon
Coptic Orthodox Church Foundalion Manchester is an unincorporated registered charity.
1.1 Ac¢ountlng conventlon
The finan¢ial stalemenls have been prepared in accordance with the charity's governing documenl, the
Charities Act 2011 and 'A¢counling and Reporting by Charitie5.' Statement of Recommended Practice
applicable to Charities preparing IheiT accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)" {as amended for accounting periods ¢ommencing
from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has laken advantage of the provisions in the SORP for charities applying FRS 102 Updak Bulletin
1 not to prepare a Slalement of Cash Flows.
The financial statements have departed from the Charities {Accounts and Reports) Regulations 2008 only to
the extent required lo provide a true and fair view. This departure has involved following the Slalemenl of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulalions bul which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial stalements are rounded to the nearesl £.
The financial statemenls have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Golng con¢¢m
Al the time of appioving the financial statements, Ihe trustees have a reasonable expectation that the charity
has adequate resources to conlinue in operational existence for the foreseeable future. Thus the trLKStees
continue lo adopt the going concern basis of accounting in preparing the finan¢ial statements.
1.3 Charitable funds
Unrestricted funds are avallable for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subJe¢t lo specific conditions by donors as to how they may be used. The purposes and
uses of the re$lri¢ted funds are set out in the notes to the financial statements.
Endowment funds are subject to Specific condrtions by donors that the capital must be maintained by ihe
charity.
1.4 Income
Income is recognised when the charrty is legally entitled to il after any performance conditions have been met.
the amounts can be measured reliably. and it is probable thal in¢ome will be received.
Cash donalions are re¢ognised on receipt. Other donations are Tecognised once Ihe charity has been notified
of the donation, unless performance conditions require deferral of Ihe amount. Income lax recoverable in
relation lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution.
the amount is known. and receipt is expected. If Ihe amount is not known, the legacy is Ireated as
contingent asset.

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Icontinuedl
1.5 Expendlture
Expenditure is reco9nised on¢e there is a legal or constructive obligation lo transfer economic benefit to a
third party. il is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by adivity. The costs of èach activity are made up of the lotal of dIr￿t costs and
sha￿d Costs, including support costs involved in undertaking ea¢h aclivily. Dired costs attributable lo a single
activity are allocated directly lo that activity. Shared costs which conlnbule to more than one activity and
support costs which are not attributable lo a single a¢tivity are apportioned be￿een those activities on a basis
consislenl with the use of resources. Central staff costs are allocated on the basis of lime spent, and
depreciation charges are allocated on the portion ol the asset's use.
1.6 Tanglblè fixed a88•ts
Tangible fixed assets are initially measured at cost and subsequently measured 81 cost or valuation, net of
dèprerA'ation and any impairment losses.
Depre¢ialion is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Buildings
Churches
Fixtures and fittings
5•A straight line
Not depreciated
20Q/o straight line
The gain or loss arising on the disposal of an asset is delermined as the difference behveen the sale proceeds
and the carrying value of Ihe asset, and is recognised in the statement of financial aclivilies.
1.7 Impalrmont of fixed assets
Al each reporting end date, the charity reviews the carying amounts of ils tangible assets to determine
whether there is any indication Ihal those assets have suffered an impairmenl loss. If any such indiation
exists, the recoverable amount of the asset is eslimated in order to detemiine the extent of Ihe impairmenl
loss Irf any).
1.8 Cash and cash equivalents
Cash and cash equivalen15 include cash in hand, deposrts held al call wrth banks, other short-leim liquid
investmen15 Wlth original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Flnancial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of rts financial instruments.
Financial instruments are recognised in the charity's balance Sheet when the charity becomes party lo the
conlraclual provisions of the inslrumenl.
Financial assets and liabilities are offsel, wrth the nel amounts presenle¢J in the financial statements, when
there is a legally enforceable righl lo set off the recognised amounts and there is an intention lo settle on a net
basis or lo realise the asset and settle Ihe liability simultaneously.

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policiès
(Contlnuedl
Baslc financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaclion price including transaction costs and are subsequently carried at amortised cosl using the effective
interest method unless the arrangement constilules a financing transa¢tion, where the transaction is
measured al the present value of the futurè receipts discounted at a market rate of interest. Financial assels
classified as receivable within one year are not amortised.
8asl¢ flnanclal Ilabllltles
Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are nol amortised.
Oebt instruments are subsequently carried at amortised cost, using the effective intere51 rate method.
Trade creditOTS are obligations to pay for goods or se￿Ice$ thal have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al
transaction price and subsequenlty measured at amortised cost using the effective interest method.
Derecognition of flnanclal Ilablllties
Financial liabililies are d8recogni$ed when Ihe charity's contradual obligations expire or are dis¢harged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's sep4ices are
received.
Termination benefrts are recognised immediately as an expense when the chaflty is demonstrably committed
lo lerminale the employment of an employee or to provide lerminalion benefits.
1.11 Retlrement beneflts
Payments lo defined ¢onlribution retirement benefit schemes are charged as an expense as Ihey fall due.
1.12 Prfor year adjustment
In prior years, funds were identified as restricted that had been utilised and $0 were no longer iestricted., these
funds have now been reallocated to unrestricted.
Crltlc41 accounting estlmatss and Judgements
In the applicalion of the charity's accounting policies. the trustees are required lo make judgements, estimates
and assumptions about the ￿TryIng amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on hislorical experience and other factors that
are considered lo be relevant. Actual resuFt5 may differ from these eslimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in whith the estimate is revised where the revision affects ffily that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
There are no critical accounting estimates or judgements.
10-

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Donations and legacles
Unrn8trlcted Unrestricted
funds
funds
2024
2023
Donations and gifts
Governmeni grants
275.183
254.037
1.250
275,183
255,287
Investmènts
Unre8trictsd Unrestrfcted
funds
funds
2024
2023
Interest receivable
19
other Income
Total Unrestricted
funds
2024
2023
Refund received
51
11

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charltable a¢tFvlll•s
Churches
Rellef of
poverty and
asylum
2024
Priests
Total Chur¢hes
2024
Relief of
poverty and
asylum
2023
Prlests
Total
2023
2024
2024
2023
2023
Slaff costs
Depreciation and impairmenl
Repairs and maintenance
Heat and light
Telephone
Insuran
Rales
Travel and expenses
Donations to olher Coptic Orthodox Churches
Coffee machine lease
136.335
136,335
6.497
5.227
60.094
2,260
13.878
6.029
137.254
137,254
6,401
4.464
19.790
1.786
11,690
4,653
8,405
4.183
664
6.497
5.227
60.094
2.260
13.878
6.029
6,401
19.790
1.786
11.690
4.653
8.405
4.183
11.607
11.607
105.592
136.335
244,271
49.448
12.588
137,254
199.290
Share of support costs {see note 7)
Share of governance costs (see note n
1.392
1.392
7.668
2.883
4.716
2.883
4.716
114.652
136.335
253,331
57.047
12.588
137.254
206,889
12-

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Govemance
costs
costs
2024
Support Governance
¢osts
costs
2023
Bank ¢harges and other
inlerest
TV licence
Loan inleresl
688
688
1,781
159
943
1,781
159
943
704
704
A¢countancy
Legal and professional
6,168
1,500
6,168
1,500
3,816
900
3,816
900
1,392
7.668
9,060
2,883
4.716
7,599
Analysed betsveen
Charitable activities
1,392
7,668
9,060
2.883
4.716
7.599
Govemance costs includes payment for the Indep8ndenl Examination of Ihe accounts £4.3201202& £3,720).
Tru•tees
None of the trustees lor any persons connected with them) received any remuneration or benefrts from the
charity during the year.
Employees
The average monthly number of employees during the year was
2024
Number
2023
Numb•r
Employment costs
2024
2023
Wages and salarie5
Other pension costs
132,640
3,695
133,559
3.695
136,335
137,254
The number of employees whose annual remuneration was more Ihan £60,000
is as follows..
2024
Number
2023
Number
£60.000- £70,000
13

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Taxation
The charity is exempl from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied lo ils charitable objecls.
11 Tanglble flxed assets
Bulkllng8
Church•s Flxtur•s and
Ibttlngs
Total
Cost
Al 1 April 2023
Additions
136,000
491,068
231.452
804
858,520
804
At 31 March 2024
136.000
491,068
232.256
859.324
Depreclatlon and Impalrnient
At 1 April 2023
Dep¥ecialion charged in the year
32.500
5.000
224.772
1.497
257,272
8,497
At 31 March 2024
37,500
226,269
263,769
Carrylng amount
Al 31 March 2024
98,500
491,068
5,987
595,555
Al 31 March 2023
103.500
491,068
6.680
601,248
12 D•btors
2024
2023
Amounts falllng due within ono year:
Olher deblors
238,298
223.922
Included in deblors is a balance totalling £76,000 (2023 £76,000) due from individuals associated with the
charity. The truslees are in the process of drawing up formal agreements.
13 Credltorn: amounts falllng duo wlthln one ygar
2024
2023
Notes
Bank loans
Other taxation and social security
Other creditors
Accruals and deferred income
15
9,975
3.609
58.752
4.320
9,975
4,726
58,752
3,720
76.656
77,173
14-

COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Crnditors: amounts falling due aftor more than ono year
2024
2023
Notes
Bank loans
15
12,470
22.414
15 Loans and overdraft3
2024
2023
Bank loans
22.445
32,389
Payable within one year
Payable after one year
9,975
12,470
9,975
22,414
16 R•latod party transactlon8
Included in credltors Is a balance of £58,75212023 £58,752) due lo Dr J S Maxlmous, a Iruslee of the charity.
15-