Registered Charity Number: 100633
ST. IGNATIUS ELIAS JACOBITE SYRIAN ORTHODOX CHURCH, BELFAST
REPORT OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ST. IGNATIUS ELIAS JACOBITE SYRIAN ORTHODOX CHURCH, BELFAST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAR 2024 Page Report of the Independent Examiners 1 Statement of Financial Accounts 2 Balance Sheet 3 Notes to the Financial Statements 4-5
ST.IGNATIUS ELIAS JACOBITE SYRIAN ORTHODOX CHURCH, BELFAST
Independent examiner’s report to the charity trustees of ST. IGNATIUS ELIAS JACOBITE SYRIAN ORTHODOX CHURCH, BELFAST
I report on the accounts of the ST. IGNATIUS ELIAS JACOBITE SYRIAN ORTHODOX CHURCH, BELFAST for the year ended 31.03.2024.
Respective responsibilities of charity trustees and examiner
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to:
examine the accounts under section 65 of the Charities Act
follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act
- state whether particular matters have come to my attention.
Basis of examiner’s statement
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe:
-
That accounting records were not kept as required by section 63 of the Charities Act
-
That the accounts do not accord with those accounting records
-
That the accounts do not comply with the accounting requirements of the Charities Act
-
That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner’s statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
Name: Shinu Arakkal Address: 112 Glenburn Road, Dunmurry, Belfast BT179AR
Date: 26 Jan 2025
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ST. IGNATIUS ELIAS JACOBITE SYRIAN ORTHODOX CHURCH, BELFAST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
| Notes Income and endowments Donations 1 Charitable activities 2 Other income 3 Total Income Expenditure Charitable activities 4 Total expenditure Total funds carried forward Fund balances at 1 April 2023 Transfers between funds Fund Balances at 31 March 2024 |
Unrestricted Funds 2024 £ 21,514 38,446 9,303 69,263 49,617 49,617 19,646 92,837 65,445 177,928 |
Restricted building funds 2024 £ 28,050 - 28,050 - 28,050 37,395 (65,445) - |
Total 2024 £ 49,564 38,446 9,303 97,313 49,617 49,617 47,696 130,232 - 177,928 |
Total 2023 £ 25,535 25,848 12,365 |
|---|---|---|---|---|
| 63,748 | ||||
| 33,203 | ||||
| 33,203 | ||||
| 30,545 99,687 |
||||
| 130,232 |
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ST.IGNATIUS ELIAS JACOBITE SYRIAN ORTHODOX CHURCH, BELFAST
BALANCE SHEET AS AT 31 MARCH 2024
| Notes Fixed Assets Building Property 5 Equipment Current Assets Cash in hand Cash at bank 6 Liabilities Amounts falling due within one year Loan from CFI 7 Net current assets Total assets less current liabilities Amounts falling due after one year Loan from CFI Net assets The funds of the charity Restricted income funds Unrestricted funds |
2024 £ 1,651 94,238 95,889 (6,461) |
2024 £ 231,444 170 89,428 321,042 (143,114) 177,928 - 177,928 177,928 |
2023 £ - - 130,232 - - 130,232 - 130,232 37,395 92,837 130,232 |
|---|---|---|---|
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ST.IGNATIUS ELIAS JACOBITE SYRIAN ORTHODOX CHURCH, BELFAST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| 1. Donations Charity donations Other donations 2. Charitable activities Annual Subscription Holy Baptism Holy Mass Sponsorship House warming Offertory Sunday School Church Feast Vanitha Samajam collection Christmas carol 3. Other Income HMRC Gift aid claim 2021-22 4. Charitable activities Bank charges &Interest Interest on loan Charity payments Food and drink Gift Hall rent Insurance ( St. Brides Hall) Miscellaneous expenses MSOC UK Sunday School & VBS Travelling expenses Vanitha Samajam Christmas Carol Expenses Vicar expenses Heat, Light and Power Repairs and maintenance Loan arrangement fee |
1,342 20,172 |
|---|---|
| 21,514 | |
| 14,195 150 4,220 130 9,851 53 3,425 1,800 4,622 |
|
| 38,446 | |
| 9,303 | |
| 108 3,940 1,500 13,264 441 6,555 89 735 2,435 1,800 2,904 150 1,021 10,250 1,024 1,569 1,831 |
|
| 49,617 |
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| 5. Building property | |
|---|---|
| Purchase price | 225,000 |
| Design Cost | 1,526 |
| Planning cost | 1,445 |
| Legal fees | 1,800 |
| Search fees | 1,104 |
| Registration fees | 569 |
231,444
6. Cash at bank
| Opening cash and bank balance Income received Expense incurred Cash and bank balance Less: Cheque issued but not cleared Balance as per cash book Closing balance Balance as per bank statement (HSBC) Cash in hand |
130,232 247,312 (280,655) 96,889 (1,000) 95,889 95,238 1,651 |
|---|---|
| 96,889 |
7. Loan from CFI
| 7. Loan from CFI | |
|---|---|
| Loan received Interest till 1 Jan 2024 Interest till 31 Mar 2024 ( 90days) Loan repayment Closing balance as at 31.03.2024 Closing balance of which: Amounts falling within one year Amounts falling more than one year |
150,000 915 3,025 |
| 153,940 (4,365) |
|
| 149,575 | |
| 6,461 143,114 |
|
| 149,575 |
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