COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The trustees have pleasure in presenting their report and financial statements for the year ended 31 March 2025.
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 governing document, the Charities Act 2011 and "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 2019).
Objectives and activities
The purposes of the charity, as set out in its governing document, are to advance the Coptic Orthodox Christian faith in accordance with the teachings and traditions of the Coptic Orthodox Church. This includes:
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The establishment and maintenance of places of worship and related facilities;
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The provision of religious services, sacraments, education, and pastoral care;
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The promotion of religious instruction among members and the wider community;
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The relief of poverty and sickness among members of the congregation and the public;
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The support of charitable works consistent with the Christian faith both in the UK and abroad.
The constitution was updated in 2003 to specifically include the object of relief of poverty in Egypt and amongst the Egyptian community in the United Kingdom. The foundation is an indivisible part of the Coptic Orthodox Church of Egypt, which has as its supreme head Pope Tawadros II, The Pope of Alexandria and the Patriarch of the Sea of Saint Marks.
Public benefit statement
During the year, the charity continued to fulfil it purposes through activities that promote the Coptic Orthodox Christian faith and serve the local community. These included:
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Holding regular liturgical services, prayers, and sacraments throughout the week and on Sundays.
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Providing religious education, Sunday school, youth meetings, and Bible study sessions for all age groups.
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Hosting pastoral visits and supporting the spiritual and social needs of congregation members.
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Organising community and fundraising events to maintain the church premises and support charitable causes.
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Offering hospitality and support to visiting clergy and church guests.
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Engaging in outreach and charitable giving to assist individuals and families in need, both locally and abroad.
Volunteers
The volunteers and the church members are encouraged to donate to the good causes served by the charity, through standing orders.
Achievements and performance
During the year, the Coptic Orthodox Church Foudndation continued to make a positive impact on the spiritual and social well-being of its congregation and the wider community. Through its regular worship services, pastoral care, and educational programmes, the charity has strengthened faith, unity, and a sense of belonging among its members.
The Church's community activities, including youth meetings, family gatherings, and charitable initiatives, have provided social support, guidance and assistance to those in need, particularly during times of hardship. Support to visiting priests and the organisation of cultural and religious events have also enhanced community engagement and preserved the Coptic heritage and traditions for future generations.
Beyond the immediate congregation, the charity's charitable giving and outreach have contributed to wider social benefit by promoting compassion, moral values, and community cohesion within the local area and beyond.
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COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Financial review
At the end of the financial year, the Coptic Orthodox Church Foundation remained in a stable financial position. Incomee during the year mainly derived from donations and offerings received during services. Expenditure was primarily related to the running and maintenance of the church premises, utilities, clergy support, and charitable activities.
Income
Total unrestricted income amounted to £270,294 (2024: £275,202)
Expenditure
Total unrestricted expediture amount to £239,001 (2024: £253,331)
Reserves policy
The Charity has maintained adequate reserves to ensure the continuity of its religious and community activities and to meet any unforeseen expenses.
The trustees have reviewed the reserves policy and are satisfied that the current level is the equivalent to approximately three months expenditure, which is appropriate for the charity's size and activities.
Principal risks
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Financial: The risk of not raising sufficient funds to cover annual running costs, which is mitigated by a very broad support base and adequate reserves.
Skills and Knowledge: The charity relies on a broad range of skills and abilities to deliver its activities. 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 Trustees and by our professional advisors.
Plans for future periods
The Church plans to continue to develop its ministry in the North West of England, North Wales, Liverpool and Bolton.
Structure, governance and management
The charity was constituted by Deed of Trust dated 3 September 1987 as amended 16 October 2003 and is registered with the Charity Commission with the number 519300.
The trustees who served during the year and up to the date of signature of the financial statements were:
Dr R Saad Dr. E Morgan (Secretary) Dr. N L Aziz Dr J S Maximous Mr S Dimitri Dr S Saad (Resigned 10 March 2025) Ms H Saad (Appointed 10 March 2025) Ms E Dimitri (Appointed 10 March 2025)
Appointment of trustees
Trustees are appointed after obtaining the congregation's views. The Bishop and the priests then appoint them accordingly.
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COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
The key management personnel of the charity comprise those priests of the church who are responsible for managing the spiritual side of the charity. Changes in remuneration are agreed by the board of Trustees, who compare salaries to averages across the sector. The Trustees are also deemed to be key management personnel, but do not receive remuneration of any form.
The trustees' report was approved by the Board of Trustees.
Dr J S Maximous
Trustee
25 November 2025
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Chirity rnglslr•lkm nnbIr 61•300 COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER LEGAL AND ADMINISTRATIVE INFORMATION T1••$ C R Saad LkNLAz r J S Maxm(xA S DIMR Ms H Sa•d MS E (4bpcMitod 10 rth 2025) pwtsd 10 March 202 Ch•rfty numb•f 519300 PrfncbJ•l •dth••• Ccytt orftttxlox Clwrth ol Sl M¥y Virgin and Sl Min• Heolon Moor Ro•d Che6hife SK4 4P8 Ind•p•nd•nl •x•n4n•r Azws Authl SwNKes 4 GroBk S1 &c)ort SK3 8AB B•nk•r• HSBC 8•nk P 24 Sl Afin Squ Uniied Kryd¢¥n 27HD Falhw NBwib F•th•r H•&* G•rob8
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER CONTENTS P•0• Stat•nni of truslws. resptymt Indepond•tt ox8miMfB rewrt Slalwnenl ol finanL¥al X1vit Bala *h••l Notsg to ihe fmanc#4 8latenwnti 8-15
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER TRUSTEE8' REPORT FOR THE YEAR ENDED 31 MARCH 2025 Th• tru•• hm pIr• In r• and IJn•Ka fv yw l•d 31 March 21r25 ffinwKa•l ¥1BlennIts and comply vnlh the dwrty'6 gobrrY¥J d{Kumw ts clitl Act 2011 arKI 'Acmmbw arml ReFKthg by chWit.. Siatwwil ol R•comm8n(l•d F)rocbc lo dwrtr•8 preparing Ihoir aramxiis •i ¢oryt•n wlth th• FrnaTr R•portlng Slandd 4Jplicabl• In UK MI R•tydlc If•l•r#S IFRS 102)" l¢ff•aw 1 jU¥ 20191 Obl•rtlvM •NI •¢tlvlll Tho rpO ol lh• dwty. a% t)ut m tts gov•ming dcKurwrt, arn to adV8e Coptic Chrtstsan . Th• •stabllshm•)t •KI mawilwnc• ol pk(s and Ix1. . Th• ol Inthicitm among rnernb 8n¢i the widw c4)ffmmity. . Th• ol POV•ny W•J ineS atf•JW m•mbws ol th• n•910n •NI ihe Nknit. . Th• suwort ol dwrabl• ¢81•ni ¥rfh lh• Chilsln lakn bcth In lh• UK abro•d The Wl•d 2003 lo •peafically tnclude the obl•a of pmrty In Egypt •nd $1 Ihe EgyFthn UNled fourKlolKJn ithl• p•rt ol Ihe Ortho(k)x Church of Egyo, whith has 80 ts ad Pcpg T8w8dros 11 The Pope of Alexwn8 4r ts P4trwrch of SeB of Sayrt M•Fkts. Pubhc bwth •tat•m•rrt the yew. the (ffj 10 purFoMs Ihrwh •cMl•s ih•l th• Orfh¢x)M Cvth•n llh w¥e the Icul comTrWn Tlw Indud•d. . FWdin9 r•gulw 91 swvu•. prryern, orml 8•ernnents ltrtrouwi ihe and on SAwK18y• . f•llwLM wJucatk)n sur xhooi, youth And 8bl8 slutty tsr 811 age . 8iM1 Wlng the wlrtlual aN1 s(Kl¥ r••ds ol m•fthri . Owls9 ojmmunrty [wrVI ev•nls lo ffl•rf•ln lh• rtuch pi•mlMs •nd ch•rMaU• s•s. . Ollwry howalty and to d8fPy and thurch gue¥l•. . Er4tyir4 In th•tttabkn gi¥irvJ w •siist JTrJh4éu•ts and lan¥h¢i m Med. trjth Kally •MI unt••rn The ¥oJunl•er• •nd il ¢hwth rrnfnbws •ncoLwJgqd to d¢mal• kn tr gcod causes wved by chwity. IhrwJh 031n9 Achl•Y•Thnts and p•rfomJ•Thc• Durr¥a the yoar, Coplic Orth(wJox Church FO04¢17 I)mu•ll to maké a w81l1 itnw on Ihe Wfilual SOCIAI of ts (x)ryeg8ticm and the widw ca)rnrrnty Its reg•r Wofship rvK•s. pastsy41 ur•, •MI •dUcn wowanTh•s, th• h86 strengtherd f¥Kh and • ••nM among tts The Chwch'$ c4xMiunlty actrthoos. hdIng youih Ming8 f8mity gal1. and th¥l•tl• knthtlws, havo o¥ldod icthl s1?, guldm #nd Js8iance to ihorK in panl¢ulwty Ilm•s ol h•rth> Supw110 vlslbng pr$ and the rxoanlsaiian ol 191 ond iel1gK• b8ve •0 enh•n¢•d ¢n9•g¢mwil •nd prewved lh• C•ptlc Mrithg• •KI tra1% lor fiknre gerwBtM)nJ. 8eyorKI J)norrf•iThi. ch•ftr<$ ch•rtable wdrvJ ar outro* hRve lIbU1 lo wider soc1 bn by WtyTK¥brYJ ciyYip•sgiM, mornl ¥•lu•S. •nd wnmunty Crt•iK>n IOCBI Irna and bey1
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 hlARCH 2025 Flnaneial rn¥i•w AI IM end of ftn•xJ•l >gr, the Onhodox Clxffch FouThithn r•fflw In a fvnd Inn the year mgmty derived from d(18 and offertwi durlr4 gewtt Eyrrfhtse w41 ¥nlY r•l•i•d lo the rfj and n1w1¢n• ol lh¢ pi•m1, d•fgy •nd thirtt•bl¢ In Totsi unrellricted amourd to £270.294 (2024.. £275,202) Tol•l unrtilrld•d •xwddur• •nount lo £239.CfJ1 (2024. £253.331) A•MN•• polky h•J m•kn)iweO r•wws th• •xYrtUlty of Its r•1Y •Thd ad1 io med •iy unfrew ex1 tm$leei h•ve revthwd tr reJeYNw r)olley and ar• s•bsfi•d Ihal lh• tsJN•)I I•T4•1 is lh• IIPFYOXMn4lety trwee ffKJnths e>p•noUr•, whlc arwrorot• tr th• d4fWS s• and actMI6 Prlnclp•l rt•k• Ifustees h•ve Ihe ma1 rtsks lo th• chailty 18 exp•. and •ro iashd that Sy8t•lnS ore In pIKa to mitigole expo•ur• tn•pi 11• FM¢ial". Th• risk of not rw sufficient fu to i)¥eT wmual njnnkng C•)918, ¥lx •• by • bfofjd 8uppNI base and atsqu reswns Sklll• •nd KDtrlod90 ¢h¥dy f•llu M • tKoad rany ol skth 81¥kn'es lo deliver lis ac11vit5 Thg chwfjy 11 geW by rt• 9rn slaff Irn. by rt$ Tfu&1••s trtho brlng a bd mlx of IheolDgic41. businesrb kniywledpe Bnd expn, 9Th1 by rn8Try Voturteers R•pul•tth Ar••s ol wutatThial iiskJ irKbJ8 . mwwty. Thraty. heJlth and safety, (¥kl kYoledjM, cMip•ny and ttrfty WO aro Wo11 i•rbd by the TnJIla •rKI ty ow yots8irywI Th• Chwch plans k) Conlin lo dg¥8l¢w Its mirnury In the N(¥lh Vknz ol EnThd Irth Lwerpo¢Y and The Itlty was c¢%lItu1ed by t)eed of Truit dal¢¢J 3 str 1987 as amend•d 16 Ociob•r 2{ and is r•thre wth Chorty c(xnrThOn V•th lh• nurnbw 519X(I The truslee8 who >erved durvw fv yew •nd up t() thè date ol •wur• ol lh• thmènls wwo: Or R Saad Di. E Moigan (S•tr•iary) Dr. N L Aziz Dr J S M•ximou• Mr S Drssa Ms H S•ad M8 E Drnilri 10 Morch 2025) {ApFKMnt¢d 10 March 20251 (Apwnted 10 Marth 2025) APpolrfrrt ol tru•t••• TrustO8S aPFx>mled •fier obt•lnirg m• Wr•9al.S Yo8 Th• B•thop and the pri08t8 Ihon aPPDÉnl them
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 rnanakVQ the splthud chaffly ChwJe• In afe agreed by tK>ard of TiiMt•u. I do roceiw rOrrwnwai of ony lorm. Th• Iwst•es' ieport wls ty the 8o•d of Tfttsta•s Dr J S M8ximou• Trust••
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trusl•8s af¢ r•¥K)nbI• for wep.Tha Ihe TfuSto•&' R•port •rd the fin•rKxW 918tem•nis th aLtordK wth 8wlicabl• l¥ •nd Unlled Ac(x)urtlng StaJJarth Klnos)m GBnwally Acc¢pied A¢ctiuNlng %¥adico) 17n1 81 a truo oTrJ l vi•w ol lh¢ of of the chorty and ol ihe re•(Krc•8 •MI appkkni ol fe•OWCa ol the lor th•1 yw In fin1 Iloi•m•nts, the iThalees are requlfed ID . •I•Gt 8uft•ble 8crxJuntsTrJ 1tr4n appty Ih•m eMgi8tentty'. . olJ•efv• Iho ftitrf¥ds and Ihe chart SOFIP,. . mak• iud9•ftvJMs •ThJ Mlimotsts tha1 Bre r9bI• prua•nt', . stale lieth•r applKle ac1xnIa slandords haw bofjn I1, sca lo any molerial (Wurw dlsc)Md and •xpl¥Kd In fv fin•n¢i&l 8tslemenl8," . IK•p•r• the hnanclai sill•m gwa basi5 vwoprfiie lo presume that Ihe dwrty trn the fin¥ts•l ol lh• en•ble trm io enswe lh Ihg fm•Ka•l •laiw I Chwli•s 2011 tIKI Ch•rlty {A(¢wts Report8} Regul8ti(m 2008 VKI the Pfo4wns ol th• Ifusl d¢•d Tl w• T•wonslbl• lor uf¢gu¥thno the 0$ts of tho ch8rty •nd h•tK• lof ta• r•awn•bb sl•ps fv)r and dae¢Jion of anfl (Aher ¥reuul¥i1*s
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER
Oh• tharlyl ftx the y•ar ended 31 March 2025.
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COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 UnrMtri¢l•d UftmlJl•d 2026 2024 Dondw4 atKI1•g•cI¢8 Inveymems 270.IXH7 227 275,183 19 Tol•l Incom• 270.294 275.202 Chwlible acthl 239.CK11 253 331 N•t Incom for the ¥11 N•t mo¥•m•nt kn lund• 31.293 21.871 Furnl baS8rtes ¥11 2024 774,510 752.839 Fund b•l•n¢•• It 31 M•r¢h 202$ 1505.IID3 774,510 itat•nxnt ol fr21 èdivlm indudBs al gwns and lo8*$ recogni&od in the yp All incDme and expendrture denve fr(wn ci)ntmuir¥J •uivrt
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER BALANce SHEET AS AT 31 AIARCH 2025 2025 2014 Fix•d ••••ts 598.084 595.555 D•tiors Cash at bk •NI hand 11 137,799 88,879 238.298 29.783 226,678 288.1 Cr•thlorn.' arnounl• l•lllnq du• wlthln on• y•ar 12 ¢17,071) (76.656) owr•nt awts 209.607 191,42S Tol•l l••• Guirwit Il•blMII•• 807.891 786.980 Crtdtrlorn.. amounts f•lllng du• ifter rnov• on• y•Af 13 {1.888) f12.470) 805.803 774.510 Inc(xno lund• UnreslriLleé furnlg 774.510 8,803 774,510 The fn8rKial slat•Tnts wefe 8FvrDved by ts Truse$ r Or, E Isecretaryl TTh•t•• Dr J S Maximus Tnotre
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ounllng PO¢•• Coitt Orth¢#kn Church Fwrthlon M•nGh•shi 4$ •n f¢giSternd (thariy 1.1 A¢ conv•nllo C1118 Ad 2011 "Acen11n9 arnl Rew)rting by Charii$'. Sl8tement of R8commorKS•d PractbC• Ippkxbl• lo pr•partrvJ tlwlr acojjnts m Kcordanc wth Ihe Finan(aal R•¢x)rtm9 St•ndwd apr1• In UK afKI Rowblt ol Ireland IFRS 102). las amnO8d fty 4xixmlty pijknji Ifom 1 JInW 2016) Tl chwty rn a Benefit Enbty d•fin•d by FRS 102 The dwrty l¥•$ tsken adv of the W1¢178 kn Ihe SORP lof chartll•s applyfftg FRS 102 Upd•tè Bulle¢in 1 not to W•PBre 8 $jAlem of Cash Th• fm•ncial slat•m•nls hav• wrt•d lh• Ch•thl•8 IAe¢oJts id R•pM•l R¢gul•km 21Th th 10 Ihe •xlanl f•wr•d kn rA0%l • InA and fair WI. Thts dopalre h•$ f01b9 st¥tOTrt ol Rocomm•ThJ•d Pra(abc• f(x •pplylng FRS 102 r4th•f I lh• vwsi(m ol the Slal•tt ol TM fin•wl b••n pryred th• hisltyt•l rA C¥•ni. Th• pflnopw polie• &doOed we 8el out bel(vw, 1.2 Golng conc•m At Th t¥r of awo%lng fvwndal stat•m•nl$, th• trwl••$ a WSOnab expecLiton thal th• thanly has I8UrC•S lo in operan81 •xtst•nc• Iho foreseeable luturè. Thwé Ihe Iru81•es 1.3 ChalbI• fund• lthro•trKao0 fund8 •r¢ •¥wl•b •1 lh• thiuetkyi ol the lUrth•f of Ih•w ch¥rtlfj R•4tythd fur¥JJ ai• to sp•clfic c•ndilffi• by 00 to hcw they rnay bo u••d The Purpo and Ul•8 ol lh• r•stri•d fvnds set (xrt in ts Tr)ie• fin•neI al•m•f Enth)Ywl fwKIs we to $pects cmdiiions ty Ihal thè captsi rnusl be mainthird trrf the ¢hority 1.4 Incom• r•ciyil••d Wh Ihe th•ffy is l•galty •ntrtlèd to rt 8fto1 perfofman¢e Cond1• have bgen ffl, tho 8mounts bp meawred re&•bly, and tt l prob•ble Inat It0 wll b• rncèl¥•d Cash dtfil arn r•cx>gnM8d on receiv Olhor dfy)ot#)n$ are f•COgnl¥d Ihe ¢thailty has t•n rKAifi•d of Ihe dor•tw. unM f•efv)rn18rt cx)ndilicm fequre of trbe 8m¢>ml Incom• la¥ f•¢owi¥bl• In rolatK)n to tkn8tth9 fO¢4lvod urxf Gfft Akl or d••d8 01 ts?¥nI 11 iÈcoywJ al bme ol fv (kynallon L•ga¢ w• rwis•d nK•pl (K otrWi rf tl ¢wlty has be•n of an lh• and rerW is expethd Il its Is nol knrMn. tt* 1•g•cy is tr•8l•d a coniirwnl aM•l.
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 AKowilng polk (CndI 1 J Exp•fidbturn Exp•iYitur• 18 i•cAgfi•d once thefe o Wl or ¢onstyuLtre to transfw •wnwilc biofil lo a third P•fty, wib•bl¢ Ih•l • tr•n•ki ol will be Tequwod in s•ttlw>it. and ts •mowil of 1Th8 oWtJn Can be Eywdrture 18 d•$vJW by TP• cx• of w• ffl•1• up lo of C¥)•ts and vty w• akJcat•d thr•• kn mal aclmiy Shw•d co4 whith io morn than one actrity and $WQfl cthls wlKh w• 1 thtnbulgb lo o •lng •ulvty afe Wloned betwwn Ihos• ad1v1t5 (m • b•ls Cty¢s¥l•nl wth V u8e of Cthl otsff Cii8ls we 8hxal•d on Vi• baw ol Ibm• •ptyM •rnl ¢afQts gre •x41gJ Ihe p(xtKXI ol Ihe B56el's u. 1.6 Tanglble fix•d •u•ts TvJl• fixed as•ts • mii4lly W•ur•0 41 cthi •iKI MwuenUy me81ured at 51 or va144lkM. rnt ol r5•d so is kn wrtl• oft o)Jl or ¥uilK ol a$ts trlr 41 v¥uos 0r umlul Il¥ei ffi tht lolltylr¥ b• 5%WMI P4ot depr?u80 21YA rnduon9 bal( Chwc8 FIXi•S and Tr yin or105s aria¥wJ on tt diyA)swl of w aMat li d•lwnwd as th• b•lw••n th• Mle W••d and thè ¢ryry ol lh8 •SS•t, and 15 r•(x)gft••d th th• sl•iwM ol financ41 1¥1••, 1.7 1ft4Mirnwnl of fix•d •u•l• At •w rwrtry end OM•, fv4l•ws lh• amwits ol 1 t•nEkn •wts lo ¥rtthr ihL¥e is Dny In41) Ilw 4$9ets xftlered an wim)èni loss If any •u( exuls, the Bmounl ol the a8&et • ¢ilm•W m ordeT lo delefmlne the exlenl ol Ihe loss lif ) 1.1 Cmh and c••h •qulv81•rt8 C•th and ¢•sh •tyAv•l•nls includo eosh in hor. dop"rts ho * ¢pII wrth bMk•. othw bhort.tgmi IiwKI Inve$1Mts wllh KAIn1 m8tudb•s of mrn• DnthS or l•M ¥ThJ bwk QW4fdrnfts Bank o¥wthafts •r• shNn borruhwwJ• m current lbMille8 1.• Fln•n¢l•l IMtrwMnl• Th• ch•rty has ol•Xed ID wly ts prowi8irns of S•(iM I l Bas Finonul Iiwiu' 8nd SOCIA 12 'CXh¢f Flnanolal Iniinmnwts Iw$' of FRS 102 to alt ol sts fffiancAal in6trurnenl• Fln¥o•l Instrum•nl$ ai• t•¢O9nlsod In the chWts b81arKe Ytsn thè thanty bècomes party b the CnIraClal prowslms ol th• wMlnmi•il Fln¥Kaal ass•ts and kabilths olf%el. wrlh t1 nel amounts pfesenled v) the fjn¥KA•I w8lemeni$. when Ih•r• rf a hgty to s•11>ll tho rnrJgrwd ¥ffKJun15 Ihere wit11n to •ellle ¢)n a n81 b•w Of lo I11*e Iho asw ano th• liabilty
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ty>undwJ polkl•• {Condnu• ffinl ass•is, ¥hwth ¢)•blois and c85h b•n •rs, ere mltsplly n•ur•d al Irank prK• IIKludng transOCt¥)n •nd •rn b&a9 caffleJ •1 lo13•d CO u•r¥J Ihe ¢ff•clNe Mealw •t Ihe pres•rf ¥8k ol the lulure f¢C41Ms th'so>untod at a m•p%d rnl• of mtw•st Fin¥K¥l Mi¢ts cI858fvd •9 rew>l• year not aNrtad. 8isk fKw¢ial 18ts'kn'¢9 orKI bonk lo•ns ar• r#lwlty twnwed * Ir•niXknn unkn ¥•lu• ol hAw• paymert• dcrMA•d r8le ol Inl•r•it FYwMxuI 11oblft$ (94$1b as ptyabjg y••r arn no¢ O•bt IlrUments •re wbs•quwty comed •1 amortls•d (x)SL uw¥ fv eff•th• mt•rèsl rth method Trade rxedrtorn we oblwkns to Pay ts gooos (x Iwvtss Ihol h9 b•an in lh• ordvw ol (W$ from Amwnls payable ar• d•sif•d 05 (xwrern It4ti•s W paymwt 16 due wllhln IYJ y•af or 1, Ih•y e we8ented 0$ I-rr•i1 liabdke9 Tr•d• cre00(8 ar• rectswiwl rytsatly al Fry¢ ithwuénty Tr8$ured •1 •mortisod Cpxl ujry Its •ff•a4v• In1•r1 mothcd. Fln¥KJal 14bdits ar• d•f•¢owwd when Ihè d1• ¢onlrKtuo1 Oblwfr¢• ex¢ ty •r• disth•rpd 1.10 Employ•• b•n•ffti Terrnlnats' tnofli afo l•Q)Wwi•d immedY a$ an •xp•n¥ when Ihe ch•nly li to lemiin8te Ihe emptyn•nl of an •frlOYee or piovldè tem71n bEneffts 1.11 R•lkwn•nt b•n•fits P•ynnts d8fjne¢J c0nlthJn i•tiremBm betfv Ichrn ar• di¥pd 88 an eense as tth W d 1.12 Pflor y•ar •dlu•lm•nt In y••ri. fund8 Klen1Ib•d •$ r•strithd Ih81 h8d been utlwd ar so no Icyyr wtrlaeLI; h•ve bwn lo u1vestred Crftl¢•l a¢cou1n9 ••tlm•t•• and ludgwnts In fv •PPknx) ol the 1th8rty'i policiefj. Ihe •r• r•qwod to make •¥limal•$ WKI abc4rt tr rAryW •nounl ol as wxl kwblli1S Ihal •le Th)1 Fo1ily appgrènl Irom (Al saurceg Tr ¢Stsrniles and assocl8led 83•umMions are based on hfylot1cal expwnc• arnl olher trI Ihat w• cmlerod lo be rele Adu81 rp6uliJ may dlller from •Jw •stimole• The Wlmale• •na undeTIy¥vJ p48iimpiicms ar• rewewe(l on onwing Ratrflwns to a¢countin9 e8trnteJ aro rocqiFws•d m the period In th¢h the esbmate ts lev10 whefft ihe revi aff•#$ only th CK fft Ihe PWw)d the re¥iwc#) ••MI por#8 th tho 1•¥1sth 411gcts Ixth •na firtur• pdI. Thor• ¢rMIc41 •cwnllng o8lm*a or lu1Me6. 10
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 Unr•thcl•d Unresln'cled lunds 2026 2024 Donall(Th and 270,CI37 275,183 UnM•trknd Urbrn•lrlct•d fund• d• 2025 2024 Interegl r•¢*vabl• 227 11
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COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 AIARCH 2025 Support ¢4•ts support Gov•m•K• ¢o•ts 2026 Support GoYem•n¢¢ •ts 2024 B•nk dk4rga and vrteiest Loan Inl•rMI HMRC Inl•r•sl C¥d proce•4p)g 1¢1 688 704 441 441 6.168 6,168 1.500 Le9 arbj professtmol 3,034 3.034 1,181 9.279 9.(hSO Chiiable othities 1.181 9279 9.10 Gov•mm colts indu+Jes lh• Irnd8nt Ex•nr4tsn ihe •¢count8 £4.5(i1 (202& £4.320). ol Il IriAlw lor any p•rn(Th rxJnneae(I wrth Iheffl) rtthff•J r•mmali(M) rx ITOM the charrty durliYJ lh• y••f Employ••• The al39e nxthty rwiroer of tnWOy•M dunrwd the ys8r wolj 2025 Ilumbor 2024 Hun4r EryJloyffl•nl ¢o•l• 2025 2024 180,707 3.787 132,640 3,695 14Y,494 136.335 numb•r ol •mployeeJ whose •nN•l lern31 was mtye Ihw £60 CKKJ astc 2025 NwnbDr 2024 Murnb•f £60.OW. £70.C 13
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIIDED 31 MARCH 2025 Tx•ll•n T dwty 1$ ex•W frThn •nd lalty 505 01 the Taw•4 Ad 1988 Of •¢c 252 01 the T•Naty)n of Chwt 1n Ad 1992 to lh¢ ¢yl•nl arn •ppknJ to chor48le (¢ 10 T•nglbl• fix•d ••••l• r• Cmt At 1 Apnl 2024 AddltWl8 136.LD) 491,¢X8 232.2 10,268 859.324 10 286 A 31 March 2025 136,tX 491,Cl8 242.522 &89.5KI D•pIll0n and tswimni AI1W2024 37,5(Xl 226.269 2,n7 283.789 1,737 Ai 31 M•fc XI25 229. 271,508 C•nylng •fnounl Ai 31 Maio) 2025 93.5CO 491,IX8 13.516 598.084 Ai 31 Mafth 2024 98.5CM) 491, 5,987 595.555 11 D•bto¢• 1025 2024 Amwnts l•lllng du• Tmllhln on• y•4r: 137.799 2.?90 Ilull•# d•bks1s a b8lwKe tt)lalllng £17.248 12024 . £76.000) due from Indmth41s a1cIal•d Ythh Ih 12 Crndttot•: li1 f•lling du• wtthln on• y•ar 2025 2024 Blnk )•n• Otrw taxallon #ecurrty 14 10.348 2.223 9,975 $8.752 17.071 14.
COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 1J Cr•dllorn: •nMxmt• l•llthg du• •ft•r Ih•n on• y••r 2025 2024 Noth• 8•nk lo• 14 1.888 12.470 14 Lo•n• and ov•rdr•ft• 2025 2024 Bank kjans 12.238 Pay¥Dle ono Or iO,Y8 B.975 12.470 1S R•l•l•d p•rty trans•clDon• IrKaHled kn Cr•thlm 1$ a balar ol £nil (2024 . £58.752} ¢k10 J S M8xmxts, a tru0• d lh• ch¥ty 15
St. Vrgln Mwy & SL Mlna Coplk Chlhodox Church Heat M(KK Road . Strxkwt . Manchestw SK4 4PB Azets Audlt Seryices Alpha House 4 Greek Street Stockport Cheshire SK3 8A8 Oear Slrs The following representatk>ns are made on the basls of enqulrles of mana8ement and staff with relevant knowled8e and experience suth a5 we conslder necessary in connectlon wlth your Independent examinatlon of the charlS flnanclal statements for the year ended 31 March 2025. These enquirles have included Inspection of supportln8 documentation where approprlate and are sufficient to satlsfy ourselves that we can make each of the followln8 fepresentations. All representations are made to the best of our knowled8e and belief. General l. We xknowled8e that the work performed by you is substantlally le55 in scope than an audlt performed In Kcordance wlth International Standards on Auditln8 {UK) and that y( do not express an audit opinion. 2. We conflrm that the charlty was entitled to exemptlon undef sectbon 144 of the Charities Act 2011 the requlrernent to have Its flnanclal ststements for the year ended 31 March 2025 audlted. 3. We have fulfilled our responsibilities as trustees under the Charltle5 Act 2011 for preparin8 financlJl ststements in accordance wlth applkable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountln8 Prartice), for beln8 satisfied that they 8lve a true and falr vlew and for making accurate representatlons to you. 4. All the transactions undertaken by the charlty have been properly reflected and recorded In the accounting records. 5. All the accountln8 records have been made available to you for the purpose of your Independent examination. We have provided you wlth unrestrfcted access to all appropriate persons wlthln the charlty, and with all other records and related informatlon
requested, Including minutes of all management and trustee meetln8s and correspondence wlth The Charity Commlssion. 6. The finanaal statements are free of rnaterlal mlsststements. Includln8 omissions. 7. The effects ol uncorrerted mlsstatements (as set out In the appendix to thi5 letter) are Immaterlal both individually and In totsl. Assets and liabilities 8. The charlty has satlsfactory title to all assets and there are no Ilens or encumbrances on the char5tys a55ets, except for those that are dlsclosed In the note5 to the finandal statement5. 9. All actual liabilitles, contln8ent15ablllties and guarantees 8lven to third partles have been recorded or dlsclosed as appropriate. 10. We have no plans or intentions that may materlally alter the carryin8 value and, where relevant, the fair value measurements or classificatlon of assets and liabilltles reflected In the finandal statements. Loans and arrangements 11. The charlty has not granted any advances or credits to, or made guarantees on behalf of. trustees. Legal claims 12. We have dlsdosed to you all clalms In connectlon with Iltlgatlon that have been, or are expected to be. recelved and such matters, as approprfate, have been properly accounted for and dlsclosed In the financial statement5. Laws and regulations 13, We have dlsdosed to you all known Instances of non-compliance or suspected non- compliance wlth law5 and re8ulations whose effects should be cOnsered when preparin8 the flnanclal staternents. Related parties 14. Related party relatk>nships and transactlons have been approprlately accounted for and dlsclosed in the financlal statements. We have dlsclosed to you all relevant Information concernln8 such relationshlp5 and transactlons and are not aware of any other matters which requlre dlsclosure In order to comply wlth le8islative and accountln8 Standards requlrements. Subsequent events 15. All events subsequent to the date of the flnanclal statements which requlre adjustment or dlsclosure have been property accounted for and dlsdosed. Going concern 16. We belleve that the charlty's financial statements should be prepared on a 8oln8 concern basls on the grounds that current and future sources of fundln8 or 5UPPOrt will be more than adequate for the charlty's needs. We have consldered a period of twelve months from the date of approval of the financial ststernents. We believe that no further
disclosure5 relatlng to the charlty's abllity to contlnue as a 8oin8 concern need to be made In the financlal statements. Grants and donations 17. All grants, donations and other incorne. the receipt of whlch Is subject to speclftc terms or conditions, have been notlfied to you. There have been no breaches of terms Of conditions in the application of such Incorne. Other 18. It was a8reed that the hkstorlc brought forward balance of clalmed gfft ald that has not been granted wlll be wrltten off. The balance in the finandal statements represents the amount on the latest clalm. 19. It was a8reed that the balance of £58,752 due to Joseph Maxirnou5
c• 111P iTP4 p¥J 4• ajw
Yours falthfully 5I8ned on behalf of the board of trustees Date: .25..-..1l.-.2O Sl8ned on behalf of the board of trustee5