**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: 1. That accounting records were not kept as required by section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. 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 Page 1 ## **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| Page 2 ## **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| |---|---|---|---| Page 3 ## **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| Page 4 |**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| Page 5