## **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: - The establishment and maintenance of places of worship and related facilities; - The provision of religious services, sacraments, education, and pastoral care; - The promotion of religious instruction among members and the wider community; - The relief of poverty and sickness among members of the congregation and the public; - 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: - Holding regular liturgical services, prayers, and sacraments throughout the week and on Sundays. - Providing religious education, Sunday school, youth meetings, and Bible study sessions for all age groups. - Hosting pastoral visits and supporting the spiritual and social needs of congregation members. - Organising community and fundraising events to maintain the church premises and support charitable causes. - Offering hospitality and support to visiting clergy and church guests. - 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. - 1 - ## **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. - 2 - ## **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 - 3 - Chirity rnglslr•lkm n￿nbIr 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 T￿￿1••$ 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•n*ni 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 p*I￿r• In r•￿ and IJn•Ka* fv yw **l•d 31 March 21r25 ffinwKa•l ¥1Blen￿nIts and comply vnlh the dwrty'6 gob*rrY¥J d{Kumw￿ ts c￿lit￿l 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• Fr￿n￿aTr R•portlng Sland*d 4Jplicabl• In UK *MI R•tydlc ￿ If•l•r#S IFRS 102)" l¢ff•aw 1 j￿U￿¥ 20191 Obl•rtlvM •NI •¢tlvlll Tho ￿rpO￿ ol lh• dwty. a% t)ut m tts gov•ming dcKurwrt, arn to adV8￿e Coptic Chrtstsan . Th• •stabllshm•)t •KI mawilwnc• ol pk(*s and Ix*1￿. . Th• ol Inthicitm among rnernb￿ 8n¢i the widw c4)ffmmity. . Th• ol POV•ny W•J i￿ne*S atf•JW m•mbws ol th• ￿n￿•9￿10n •NI ihe Nknit. . Th• suwort ol dwr*abl• ¢￿8￿1•ni ¥rfh lh• Chilsl*n lakn bcth In lh• UK abro•d The Wl•d ￿ 2003 lo •peafically tnclude the obl•a of pmrty In Egypt •nd ￿$1 Ihe EgyFthn UNled fourKlolKJn ith*l• p•rt ol Ihe Ortho(k)x Church of Egyo, whith has 80 ts ￿ad Pcpg T8w8dros 11 The Pope of Alexw￿n8 4r￿ ts P4trwrch of ￿ SeB of Sayrt M•Fkts. Pubhc bwth •tat•m•rrt the yew. the (*ffj 10 purFoMs Ihrwh •cMl•s ih•l th• Orfh¢x*)M C*vth•n l*lh w¥e the Icul comTrWn￿ Tlw Indud•d. . FWdin9 r•gulw ￿￿9￿￿1 swvu•. prryern, orml 8•ernnents ltrtrouwi ihe and on SAwK18y• . f•llwLM wJucatk)n sur￿ xhooi, youth And 8bl8 slutty tsr 811 age . 8iM1 Wlng the wlrtlual aN1 s(Kl¥ r••ds ol m•fthri . Owls￿9 ojmmunrty [w￿r*￿VI ev•nls lo ffl•*rf•ln lh• rtuch pi•mlMs •nd ch•rMaU• s•s. . Ollwry howalty and to d8fPy and thurch gue¥l•. . Er4tyir4 In th•tttabkn gi¥irvJ w •siist JTrJh4éu•ts and lan¥h¢i m Med. trjth *Kally •MI unt••rn The ¥oJunl•er• •nd il* ¢hwth rrnfnbws •ncoLwJgqd to d¢mal• kn tr* gcod causes wved by chwity. IhrwJh ￿0￿31n9 Achl•Y•Thnts and p•rfomJ•Thc• Durr¥a the yoar, Coplic Orth(wJox Church FO￿04¢1￿7 I)￿mu•ll to maké a w81l1￿ itnw on Ihe Wfilual SOCIAI of ts (x)ryeg8ticm and the widw ca)rnrr￿nty Its reg￿•r Wofship *rvK•s. pastsy41 ur•, •MI •dUc￿n* wowanTh•s, th• h86 strengther*d f¥Kh and • ••nM among tts The Chwch'$ c4xMiunlty actrthoos. h￿dIng youih M￿ing8 f8mity gal*￿1. and th¥l•tl• knthtlws, havo o¥ldod icthl s￿1?￿, guldm #nd Js8i*ance to ihorK in panl¢ulwty Ilm•s ol h•rth> Supw110 vlslbng pr*￿$ and the rxoanlsaiian ol ￿1￿91 ond iel1gK￿• b8ve •*0 enh•n¢•d ¢n9•g¢mwil •nd pre*wved lh• C•ptlc Mrithg• •KI tra*1￿% lor fiknre gerwBtM)nJ. 8eyorKI J)norrf•iThi. ch•ftr<$ ch•rtable wdrvJ ar￿ outro** hRve ￿￿lIbU￿1 lo wider soc￿1 b￿n￿ by WtyTK¥brYJ ciyYip•sgiM, mornl ¥•lu•S. •nd wnmunty Crt•iK>n IOCBI Irna and bey￿￿1 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 fv￿nd* In￿n￿ the year mgmty derived from d(￿1￿8 and offertwi durlr4 gewtt* Eyrrfhtse w41 ¥n￿lY r•l•i•d lo the r￿f￿￿j and n1w1¢n•￿ ol lh¢ pi•m1￿, d•fgy •nd thirtt•bl¢ In Totsi unrellricted amour*d 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• •xYrt￿Ulty of Its r•1Y￿ •Thd ad1￿ io med •iy unfr*ew ex￿￿1 tm$leei h•ve revthwd tr* reJeYNw r)olley and ar• s•bsfi•d Ihal lh• tsJN•)I I•T4•1 is lh• IIPFYOXMn4lety trwee ffKJnths e>p•no￿Ur•, whlc* ￿ arwror*ot• tr th• d4fWS s￿• and actMI*6 Prlnclp•l rt•k• Ifustees h•ve Ihe ma￿1 rtsks lo th• chailty 18 exp￿•￿. and •ro ia*shd that Sy8t•lnS ore In pIKa to mitigole expo•ur• tn•pi 11￿• FM¢ial". Th• risk of not rw sufficient fu￿ to i*)¥eT wmual njnnkng C•)918, ¥lx* •• by • bfofjd 8uppNI base and atsqu* reswns Sklll• •nd KDtr*lod90 ¢h¥dy f•llu M • tKoad rany ol skth 81¥kn'es lo deliver lis ac11vit￿5 Thg chwfjy 11 geW by rt• 9rn￿ slaff I￿rn. by rt$ Tfu&1••s trtho brlng a b￿d mlx of IheolDgic41. businesrb kniywledpe Bnd exp￿￿n￿, 9Th1 by rn8Try Voturteers R•pul•tth Ar••s ol wutatThial iiskJ irKbJ8 . mwwty. Th￿ra￿ty. heJlth and safety, (*¥kl kYoledjM, cMip•ny and tt￿rfty WO aro Wo11 i•rb*d by the TnJIla￿ •rKI ty ow yots8irywI Th• Chwch plans k) Conlin￿ lo dg¥8l¢w Its mirnury In the N(¥lh Vknz ol En￿Thd I￿rth Lwerpo¢Y and The It￿lty was c¢%￿lItu1ed by t)eed of Truit dal¢¢J 3 s￿￿t￿r 1987 as amend•d 16 Ociob•r 2{￿￿ and is r•￿thre￿ wth ￿ Chorty c(xnrThO￿n V•th lh• nurnbw 519X(I The truslee8 who >erved durvw fv yew •nd up t() thè date ol •w*ur• 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) APpolrfrr￿t ol tru•t••• TrustO8S aPFx>mled •fier obt•lnirg m• Wr•9al￿.S Yo*8 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)n￿bI• for wep￿.Tha Ihe TfuSto•&' R•port •r*d the fin•rKxW 918tem•nis th aLtord*K* wth 8wlicabl• l*¥ •nd Unlled Ac(x)urtlng StaJJarth Klnos)m GBnwally Acc¢pied A¢ctiuNlng %¥adico) 17n￿￿1￿ ￿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 fin￿1 Iloi•m•nts, the iThalees are requlfed ID . *•I•Gt 8uft•ble 8crxJuntsTrJ 1tr4n appty Ih•m eMgi8tentty'. . olJ•efv• Iho ft*itrf¥ds and Ihe chart￿ SOFIP,. . mak• iud9•ftvJMs •ThJ Mlimotsts tha1 Bre r9￿￿￿bI• prua•nt', . stale *lieth•r applK*le ac1x￿nI￿a slandords haw bofjn I￿￿1, s*ca 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 tr*m io enswe lh* Ihg fm•Ka•l •laiw￿ I Chwli•s 2011 tIKI Ch•rlty {A(¢wts Report8} Regul8ti(m 2008 VKI the Pfo4*wns 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. RMpon•lblllll•• •nd bul* ol v•port As th• ol tr•p L*oTty you are few8lble Ihe ¢Y•p•r•llM ol Ihe tr•YJ•l slalwnwts In x¢Ard•nc• with th• r•qulrw*ts ol th• Chartiee Ad 2011 (the 2011 Art) I f•PYI In r•ip•c10l my lh• thaiity'i wie(l oth led￿n 145 ol 2011 Ad kn c•rry*wJ ￿ my t￿mIn￿l￿ I ha¥• lolow•d all lh• A¢Pticablo tJ'rgthn• by the Comri Mlor ieth)n 149SXbl ol tr* ￿11 Acl Ind•p•nd•nt t￿n￿n•t8 •1at•n•nl &'n￿ tho (hafity's wo66 inc4)rr* exceeded £250,CD) your eyartw￿l rn￿1 be • nwnbw ol a body 145 01 lh• 2011 Ad I c(rfrm thal l arn wp1rf￿d 10 W￿*11￿• th• •x•min•llM bK•uM l am a mw*>•r ol Initilule ot Chartered Accountants in EnolarKI 8nd ¥ltsle8. whth li tyNg of lh• Ihl•d fx)dt•* all•nlw is diawn lo the lad thBI the chaw h81 ryepgred fThnclal $talen￿nIS In *xtyd•nc• wmh and by Chaitt•s Pfepwing their KCOLrt5 in 8c%x)rd8￿ wih ts FThr￿ Repm st•ndwd •p(*¥b IM and Rem￿1¢ ol If•l•nd IFRS 102? in w•fw•nc• to AcrA)unlir¥J and Rep(M*ry by Ch•rtt*8'. Sl*emeM ol Recornff*nded P(aL*e Is8￿1 ￿ 1 AP￿ 21X)5 whlch t6 lo rÈ tho r894Atsn$ lyjt b#n I Wxkntsnd ih•t Ihr4 b••n th)ne m 4)rd•f lor finwi* thlomerts to provide g tyue fwr view In Acc•pled A¢￿UnlINJ re￿rtIng perx)d6 bp9ming on or 8ftw l Jarn￿ry 201 S I h•¥• c18 rewIren￿ CfyKwnlng knrm ond ￿ment ol counts * OLrt m Ihe ClwiMis IAc¢thrt* and Repjtsj Reg[d•t￿n6 21x18 Ihan wry re¢wirem•)l ih•i Ihe COLffts gi%* a Irue WNI vlw ¥thlth ty nol • rn•ll•f c*)n•idor•d M wt 0¢ an ¥tyend•* ex8min•lKM) I he￿ nD C4)ncwrn gnd no ￿h•¢ matlers m ry)r￿￿ with Ihe lo which •iieniir uld be in fewl In order lo f4￿ble a propw und•rnt¥xdiTrJ ol ts finan￿1 slalemenls lo be Jon•lh•n W•nl . FCA AIF4w H￿Se 4 Greek St Slockyjrt Cheghtr¢ SK3 &48 Lknlted Kinooom Dalod COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 UnrMtri¢l•d UftmlJ*l•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 fr￿￿21 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 b￿k •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•T*nts wefe 8FvrDved by ts Trus*e$ 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 C￿111￿8 Ad 2011 "Ace￿n11n9 arnl Rew)rting by Charii*$'. Sl8tement of R8commorKS•d PractbC• Ippkxbl• lo pr•partrvJ tlwlr acojjnts m Kcordanc* wth Ihe Finan(aal R•¢x)rtm9 St•ndwd apr￿￿1• In UK afKI Rowblt ol Ireland IFRS 102). las amnO8d fty 4xixmlty pijknji Ifom 1 JInW￿ 2016) Tl* chwty rn a Benefit Enbty ￿ d•fin•d by FRS 102 The dwrty l¥•$ tsken adv￿ of the W￿1¢178 kn Ihe SORP lof chartll•s applyfftg FRS 102 Upd•tè Bulle¢in 1 not to W•PBre 8 $jAlem￿ of Cash Th• fm•ncial slat•m•nls hav• wrt•d lh• Ch•thl•8 IAe¢oJts *id R•pM•l R¢gul•km 21Th th 10 Ihe •xlanl f•wr•d kn rA0%￿l • InA and fair WI￿. Thts dopal￿re h•$ f01b￿9 st¥tOT￿rt 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 poli￿e• &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 I8￿UrC•S lo in opera￿n81 •xtst•nc• Iho foreseeable luturè. Thwé Ihe Iru81•es 1.3 Chal￿bI• fund• lthro•trKao0 fund8 •r¢ •¥wl•b* •1 lh• thiuetkyi ol the lUrth•f￿ of Ih•w ch¥rt*lfj 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•str*i•d fvnds set (xrt in ts Tr)ie• fin•ne￿I ￿al•m•f￿ Enth)*Ywl fwKIs we to $pects cmdiiions ty Ihal thè captsi rnusl be mainthir*d trrf the ¢hority 1.4 Incom• r•ciyil••d Wh￿ Ihe th•ffy is l•galty •ntrtlèd to rt 8fto1 perfofman¢e Cond￿￿1• have bgen ffl￿, tho 8mounts ￿ bp meawred re&•bly, and tt l* prob•ble Inat It￿￿0 wll b• rncèl¥•d Cash d￿￿t￿fil arn r•cx>gnM8d on receiv Olhor dfy)ot#)n$ are f•COgnl¥d Ihe ¢thailty has t*•n rKAifi•d of Ihe dor•tw. un*M f•efv)rn18rt* cx)ndilicm fequre of trbe 8m¢>ml Incom• la¥ f•¢owi¥bl• In rolatK)n to tkn8tth9 fO¢4lvod urx*f Gfft Akl or d••d8 01 ts?¥￿nI 11 iÈcoywJ al bme ol fv (kynallon L•ga¢* w• rwis•d ￿ nK•pl (K ot￿rWi￿ rf tl* ¢*wlty has be•n of an lh• and rer*W 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 (C￿￿n￿dI 1 J Exp•fidbturn Exp•iYitur• 18 i•cAgf*i•d once thefe ￿ o Wl or ¢onstyuLtre to transfw •wnwilc b*iofil 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 oWt*Jn 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 co￿4 whith io morn than one actrity and $WQfl cthls wlKh w• ￿￿1 thtnbulgb* lo o •lng* •ulvty afe Wloned betwwn Ihos• ad1v1t￿5 (m • b•*ls Cty¢s¥l•nl wth V* u8e of C*thl otsff Cii8ls we 8hxal•d on Vi• baw ol Ibm• •ptyM •rnl ¢*afQts gre •*x41gJ ￿ Ihe p(xtKXI ol Ihe B56el's u*. 1.6 Tanglble fix•d •u•ts T*vJ*l• fixed as*•ts *• mii4lly W￿•ur•0 41 cthi •iKI M*wuenUy me81ured at ￿51 or va144lkM. rnt ol r￿￿5•d so is kn wrtl• oft o)Jl or ¥*uilK￿ ol a$￿ts tr*lr ￿4*￿1 v¥uos 0￿r umlul Il¥ei ffi tht lollty*lr¥ b• 5%W*MI P4ot depr?u8￿0 21YA rnduon9 bal￿(* Chwc**8 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•iw*M ol financ41 ￿1¥1￿••, 1.7 1ft4Mirnwnl of fix•d •u•l• At •w* rw*rtry end OM•, fv4l•ws lh• amwits ol ￿1 t•nE*kn •wts lo ¥rtthr ihL¥e is Dny In￿41￿￿) 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$1M￿ts wllh ￿KAIn*1 m8tudb•s of mrn• D￿nthS or l•M ¥ThJ bwk QW4fdrnfts Bank o¥wthafts •r• shNn borruhwwJ• m current l*bMille8 1.• Fln•n¢l•l IMtrwMnl• Th• ch•rty has ol•Xed ID wly ts prowi8irns of S•(*iM I l Bas￿ Finonul Iiwiu*' 8nd SOCIA￿ 12 'CXh¢f Flnanolal Iniinmnwts Iw$' of FRS 102 to alt ol sts fffiancAal in6trurnenl• Fln¥o•l Instrum•nl$ ai• t•¢O9nlsod In the ch*Wts b81arKe Ytsn thè thanty bècomes party b the C￿nIraCl￿al prowslms ol th• wMlnmi•il Fln¥Kaal ass•ts and kabilths olf%el. wrlh t1￿ nel amounts pfesenled v) the fjn¥KA•I w8lemeni$. when Ih•r• rf a hg*ty to s•11>ll tho rnr*Jgrwd ¥ffKJun15 Ihere wit￿1￿1n to •ellle ¢)n a n81 b•w Of lo I￿11*e Iho asw ano th• liabilty COPTIC ORTHODOX CHURCH FOUNDATION MANCHESTER NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ty>undwJ polkl•• {Condnu• ffin￿l ass•is, ¥hwth ¢)•blois and c85h b•n* ￿•r￿*s, ere mltsplly n*•*ur•d al Iran￿￿k￿ prK• IIKludng transOCt¥)n •nd •rn ￿b&a9￿ caffle*J •1 lo￿13•d CO￿ u•r¥J Ihe ¢ff•clNe Mealw￿ •t Ihe pres•rf ¥8k* ol the lulure f¢C41Ms th'so>untod at a m•p%d rnl• of mtw•st Fin¥K¥l Mi¢ts cI858fvd •9 rew*>l• year not aN￿rt￿ad. 8isk fKw¢ial 18ts'kn'¢9 orKI bonk lo•ns ar• r#lwlty twnwed * Ir•ni*Xknn unkn ¥•lu• ol hAw• paymert• d*crMA*•d r8le ol Inl•r•it FYwMxuI 11oblft*$ (94$*1b￿ as ptyabjg y••r arn no¢ O•bt I￿lrUments •re wbs•quwty comed •1 amortls•d (x)SL uw¥ fv eff•th• mt•rèsl rth method Trade rxedrtorn we oblwkns to Pay ts gooos (x Iwvtss Ihol h9￿ b•an in lh• ordvw ol (W￿$ from Amwnls payable ar• d•*sif•d 05 (xwrern It4t*i•s W paymwt 16 due wllhln IY*J y•af or ￿1, Ih•y *e we8ented 0$ I*￿-￿rr•i1 liabdk*e9 Tr•d• cre0￿0(8 ar• rectswiwl rytsatly al Fry¢ ithwuénty Tr*8$ured •1 •mortisod Cpxl ujry Its •ff•a4v• In1•r￿1 mothcd. Fln¥KJal 14bdit*s ar• d•f•¢owwd when Ihè d￿1￿• ¢onlrKtuo1 Oblw*fr¢￿• ex￿¢ ty •r• disth•rpd 1.10 Employ•• b•n•ffti Terrnlnats'￿ t*nofli afo l•Q)Wwi•d immed￿*Y a$ an •xp•n¥ when Ihe ch•nly li to lemiin8te Ihe emptyn•nl of an •fr￿lOYee or ￿ piovldè tem71n*￿ bEneffts 1.11 R•lkwn•nt b•n•fits P•yn*nts ￿ d8fjne¢J c0nlthJ￿n i•tiremBm bet*fv Ichrn ar• di¥pd 88 an e￿ense 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 u1vestr￿ed Crftl¢•l a¢cou￿1n9 ••tlm•t•• and ludgw*nts In fv •PPkn*x) ol the 1th8rty'i policiefj. Ihe •r• r•qwod to make •¥limal•$ WKI abc4rt tr* rAryW •nounl ol as￿￿ wxl kwblli1￿S Ihal •le Th)1 Fo*1ily appgrènl Irom (Al saurceg Tr* ¢Stsrniles and assocl8led 83•umMions are based on hfylot1cal expwnc• arnl olher t￿rI 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 t*h¢h the esbmate ts lev1￿0 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• p￿dI. Thor• ¢rMIc41 •c*wnllng o8lm*a or lu1￿Me￿6. 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 • (4 fv) a¥fYÈ¥ 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 Ch*iiable othities 1.181 9279 9.1￿0 Gov•mm colts indu+Jes lh• Ir*nd8nt 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 a￿l39e nxthty rwiroer of tnWOy•M dunrwd the ys8r wolj 2025 Ilumbor 2024 Hun4￿r 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 lern￿31￿ 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 T*x•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•p￿I*ll0n and tswim*ni 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 I￿lull•# ￿ d•bk*s1s a b8lwKe tt)lalllng £17.248 12024 . £76.000) due from Indmth41s a1￿cIal•d Ythh Ih 12 Crndttot•: li￿1￿￿ 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} ¢k*10 ￿ J S M8xmxts, a tru*0• 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 charl￿S 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 cOns￿ered 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