REGISTERED CHARITY NUMBER: SC018991
Trustees' Report and
Financial Statements for the Year Ended 31 March 2025
for
ST. MARK'S COPTIC ORTHODOX CHURCH
G O Thomson & Co Chartered Accountants 13 Hope Street Lanark Lanarkshire ML11 7NL
ST. MARK'S COPTIC ORTHODOX CHURCH
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Trustees' Report | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
ST. MARK'S COPTIC ORTHODOX CHURCH
Trustees' Report for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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
Objectives and aims
The orthodox Church exists to glorify God and to work for the advancement of Christ's Kingdom throughout the world.
It acknowledges the substantive call in duty to bring ordnances of religion to the people of its community and co-operate with other churches and various ecumenical bodies throughout the world.
Sunday workshop is conducted regularly on Sunday mornings and frequently on Sunday evenings.
The church is often involved in other specific Christian festivals, outreach work and missions which include regular Sunday School activities and other events appropriate to the community.
ACHIEVEMENTS AND PERFORMANCE
Attendance to Sunday worship has remained at around 150 people for morning services.
The number of children attending the church Sunday School each week has been steady throughout the year.
FINANCIAL REVIEW
Reserves policy
The trustees have a policy to maintain the free unrestricted reserves of the charity at a level that equates to three months expenditure. This reserve policy is to maintain a sufficient reserve incase of unforeseen expenditure or building work.The Trustees consider a level of three months sufficient for the purposes of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The church is administered in accordance with the terms of the deed of constitution.
Recruitment and appointment of new trustees
The council shall consist of the charity trustees who have been appointed by the Bishop from members of the church considered to have appropriate gifts and skills.
Council members are appointed by the Bishop to serve on the council until further notice or dissolving or changes.
Organisational structure
The council is chaired by the Priest and meets on a three monthly basis.
Certain responsibilities are delegated to members of the council as appropriate.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
SC018991
Principal address
Kingarth 82 Blackness Avenue Dundee DD2 1JL
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ST. MARK'S COPTIC ORTHODOX CHURCH
Trustees' Report for the Year Ended 31 March 2025
Trustees
Independent Examiner
G O Thomson & Co Chartered Accountants 13 Hope Street Lanark Lanarkshire ML11 7NL
Offerings for the year have decreased by 1.19% to £78,316 (2024 - £79,259). The overall income to general fund was £79,102 (2024 - £80,033) and expenditure was £65,618 (2024 - £89,678).This has resulted in the organisation having net funds at 31st March 2025 £59,227 (2024 - £45,742).
Approved by order of the board of trustees on 18 December 2025 and signed on its behalf by:
Page 2
Independent Examiner's Report to the Trustees of St. Mark's Coptic Orthodox Church
I report on the accounts for the year ended 31 March 2025 set out on pages four to ten.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
G O Thomson & Co Chartered Accountants 13 Hope Street Lanark Lanarkshire ML11 7NL
18 December 2025
Page 3
ST. MARK'S COPTIC ORTHODOX CHURCH
Statement of Financial Activities for the Year Ended 31 March 2025
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 78,316 Investment income 2 786 Total 79,102 EXPENDITURE ON Charitable activities Staff Costs 44,977 Bishop Antony 2,400 Donations 2,000 Youth Work 4,888 General Expenses 8,390 Insurance 1,769 Heat and Light (2,291) Telephone 449 Repairs and Renewals 1,336 Depreciation 61 Accountancy 1,638 Travelling - Total 65,617 NET INCOME/(EXPENDITURE) 13,485 RECONCILIATION OF FUNDS Total funds brought forward 45,742 TOTAL FUNDS CARRIED FORWARD 59,227 |
2024 Total funds £ 79,259 774 80,033 39,151 2,400 10,000 8,675 8,344 1,683 5,427 449 9,526 81 1,560 2,382 89,678 (9,645) 55,387 45,742 |
|---|---|
The notes form part of these financial statements
Page 4
ST. MARK'S COPTIC ORTHODOX CHURCH
Balance Sheet 31 March 2025
| 2025 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 184 CURRENT ASSETS Debtors 7 1,679 Cash at bank 62,983 64,662 CREDITORS Amounts falling due within one year 8 (5,619) NET CURRENT ASSETS 59,043 TOTAL ASSETS LESS CURRENT LIABILITIES 59,227 NET ASSETS 59,227 FUNDS 9 Unrestricted funds 59,227 TOTAL FUNDS 59,227 |
2024 Total funds £ 245 1,574 49,707 51,281 (5,784) 45,497 45,742 45,742 45,742 45,742 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 18 December 2025 and were signed on its behalf by:
The notes form part of these financial statements
Page 5
ST. MARK'S COPTIC ORTHODOX CHURCH
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance Computer equipment - 33% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
ST. MARK'S COPTIC ORTHODOX CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 2. INVESTMENT INCOME Bank Interest 3. TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries Trustees' expenses Trustees' expenses 4. STAFF COSTS The average monthly number of employees during the year was as follows: Full Time Equivalents No employees received emoluments in excess of £60,000. 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Charitable activities Staff Costs Bishop Antony Donations Youth Work General Expenses Insurance Heat and Light Telephone Repairs and Renewals Depreciation Accountancy Travelling Total |
2025 2024 £ £ 786 774 2025 2024 £ £ 42,750 30,756 2025 2024 £ £ 1,134 7,660 2025 2024 1 1 Unrestricted fund £ 79,259 774 80,033 39,151 2,400 10,000 8,675 8,344 1,683 5,427 449 9,526 81 1,560 2,382 89,678 |
2025 2024 £ £ 786 774 2025 2024 £ £ 42,750 30,756 2025 2024 £ £ 1,134 7,660 2025 2024 1 1 Unrestricted fund £ 79,259 774 80,033 39,151 2,400 10,000 8,675 8,344 1,683 5,427 449 9,526 81 1,560 2,382 89,678 |
|---|---|---|
| 80,033 | ||
| 39,151 2,400 10,000 8,675 8,344 1,683 5,427 449 9,526 81 1,560 2,382 |
||
| 89,678 |
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ST. MARK'S COPTIC ORTHODOX CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. TANGIBLE FIXED ASSETS COST At 1 April 2024 and 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Unrestricted fund £ (9,645) 55,387 45,742 Motor Computer vehicles equipment Totals £ £ £ 10,288 3,706 13,994 10,043 3,706 13,749 61 - 61 10,104 3,706 13,810 184 - 184 245 - 245 |
|---|---|
The title to the Church's Property is vested in His Holiness Pope Tawadros II (Ex-officio) who succeeded Pope Shenouda III on 18th November 2012.
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Prepayments | 1,679 | 1,574 |
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ST. MARK'S COPTIC ORTHODOX CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| Taxation and social security | 2,092 | 1,371 | |||
| Other creditors | 3,527 | 4,413 | |||
| 5,619 | 5,784 | ||||
| 9. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At | 1.4.24 | in funds | 31.3.25 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 45,742 | 13,485 | 59,227 | ||
| TOTAL FUNDS | 45,742 | 13,485 | 59,227 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 79,102 | (65,617) | 13,485 | ||
| TOTAL FUNDS | 79,102 | (65,617) | 13,485 | ||
| Comparatives for movement in funds | |||||
| Net | |||||
| movement | At | ||||
| At | 1.4.23 | in funds | 31.3.24 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 55,387 | (9,645) | 45,742 | ||
| TOTAL FUNDS | 55,387 | (9,645) | 45,742 |
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ST. MARK'S COPTIC ORTHODOX CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 80,033 | (89,678) | (9,645) |
| TOTAL FUNDS | 80,033 | (89,678) | (9,645) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.23 | in funds | 31.3.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 55,387 | 3,840 | 59,227 |
| TOTAL FUNDS | 55,387 | 3,840 | 59,227 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 159,135 | (155,295) | 3,840 |
| TOTAL FUNDS | 159,135 | (155,295) | 3,840 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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