Registered Charity NurnberM 138357
COPTS IN NEED
TRUSTEES' REPORT jAND FINANCIAL STATEMENTS
FOR THE YEAR ENDE
PARITY COMMISSION
FIRST CONTACT
- 5 FEB 2015
ACCOUNTS
COPTS IN NEED
REPORT OF THE T R U S T E E S FOR THE YEAR ENDED 31 MARCH 2014
i
REFERENCE AND ADMINISTRATIVE INFORMATION
Registered Charity Number:
1138357
Address:
4 St Georges Close
Knutsford
Cheshire
WA16 8GY
Trustees:
Dr Awad Ibrahim Awad
Dr Joseph Maximous
Mr Malcolm Blanthorn
Dr Atef George
Dr Magdy Abdalla
Dr Adel Shoukry
Dr Daniel Boctor
Mr Sameh Morgan
Bankers:
HSBC Bank Pic
19 Princess Street
Knutsford
Cheshire
WA16 6BZ
Independent examiner:
JA Fox
The Lexicon
Mount Street
Manchester
M2 5NT
Contents
Page
Trustees' Report
2-3
Independent Examiner's Report
4
Statement or Financial Activities
5
Balance Sheet
6
Notes to the Financial Statements
7-8
1
COPTS IN NEED
I
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2014
The Trustees have the pleasure in presenting their report along with the Financial Statement of Copts
in Need charity for the year ended 31 March 2014. The financial statements have been prepared in
accordance with the accounting policies set out in note 1 to the accounts and comply with the
charity's trust deed, the Charities Act 2011 and the Statement of Recommended Practice: Accounting
and Reporting by Charities 2005. The reference and administrative information on page 1, forms part
of this report.
i
Structure, governance and management;
The charity was registered on 11 October 2010 and is constituted under a trust deed dated 12
September 2010. It is registered under charity number 1138357.
The following, unless otherwise stated, served as trustees throughout the year to 31 March 2014:
I
Dr Awad Ibrahim Awad
Chairman
Dr Joseph Maximous
Secretary and finance director
Mr Malcolm Blanthorn
Project managerDr Atef George
Communication j
Dr Magdy Abdalla
Marketing
j
Dr Adel Shoukry
Marketing
]
Dr Daniel Boctor
Youth representative
Mr Sameh Morgan
Scotland representative
ii
Existing trustees have the power to appoint /lew trustees.
Objectives and activities
Copts in Need is a humanitarian charity bas.ed upon Christian beliefs and values. It is dedicated to the
reduction of extreme poverty, sickness and distress among some of the poorest people in, but not
restricted to, Egypt and Sudan. Our main activities are directed towards providing safe and long
lasting shelters, supplied with water, electricity and sanitation. Copts in Need is committed to
providing food, health and education We aim to empower individuals by creating employment
opportunities.
We aim to achieve major improvement in the lives of those people who are living in extreme poverty
and help them realise their Fundamental Human Rights to food, health and education in addition to a
life of dignity.
Achievements and Performance
Copts in Need has grown steadily since it was founded in October 2010. Our trustees and members,
along with our teams on the ground, have worked hard in order for the charity to grow and achieve its
objectives.
Year on year we continue to increase the numbers of active members and supporters. This year is no
exception. We managed to organise high|y successful fundraising events in London, Brighton and
Manchester which has resulted in the growth of the Charity's income for the year.
During the financial year ending 31 March 2014, Copts in Need has managed to construct several
hundred social houses and supplied them with clean water, connected electricity and built septic
tanks for sanitation. All houses are furnished with beds and essential furniture.
Through the collaboration with Al Rai and Om Alnour (Egyptian based charities), Copts in Need
continued to help with the construction and setting up the 600 bed hospital in Upper Egypt which is
reaching the final stages of construction and will be of a great medical help to the area's poorest
individuals. We continued to finance and set up more nursery schools and literacy classes
We have provided food for over 500 families as well as financing a few major heart operations. To
help with solving the problem of employment in upper Egypt, we managed to set up numerous small
projects.
|
2
COPTS IN NEED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2014 (Continued)
Dr Awad visited Nuba and Sudan to see for himself the projects we started last year. It is good to
report that the construction of two schools jwith several classes and which can accommodate up to
several hundred pupils has now been completed and the schools are up and running. The charity also
managed to build over seventy houses aVid helped in setting up other small projects. We also
identified the future area of help and the next social housing project.
Financial review
During the period, the charity raised £302,237' in funds from a number of generous corporate and
individual donors and expended £130,265 on its charitable activities.
Reserves Policy
j
The charity will continue to build up its reserves so that it can effectively fund its objectives and
activities as set out above.
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Plans for future periods
Plans for the future will be directed towards ensuring that funds continue to grow along with our
membership. We are aiming to build over 2[)D houses a year and continue to set up small projects to
help with employment. We are aiming to reduce blindness by setting up an ambitious project (Eyes in
Assuit) in Upper Egypt's largest city to treat common and prevalent eye diseases through a mobile
unit. We aim to expand our activities to the Nubian region of Sudan.
Trustees' responsibilities for the financial statements
Charity law requires the Trustees to prepare financial statements for each financial period which give
a true and fair view of the state of affairs of Copts in Need and of the income and expenditure of the
Trust for that period.
In preparing those financial statements, the Trustees are required to:•
•
•
•
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
follow applicable accounting standards, subject to any material departures disclosed and
explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the Trust will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charity and enable them to ensure that
the financial statements comply with relevant law. They are also responsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
Public benefit
During the period, the Trustees have had regard to the public benefit guidance issued by the Charity
Commission. They believe that, in fulfilling the charity's primary objectives, we are delivering help to
those in need of food, safe shelter, clean drinking water, healthcare, education and employment
opportunities in Egypt and Sudan. The organisation, therefore, is meeting its obligations under the
public benefit guidance.
Approved by the Trustees and signed on its' behalf by:
Dr Joseph Maximous
Trustee & secretary
Date:
.
"
^ I of/>S
•
COPTS IN NEED
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COPTS IN NEED
I
I report on the financial statements of the cjiarity for the year ended 31 March 2014, which comprise
the Statement of Financial Activities, the Balance Sheet and related notes.
Respective responsibilities of trustees and examiner
The charity's Trustees are responsible for the preparation of the financial statements. The charity's
Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act
2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the financial statements under seiction 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
This report, including my statement, has been prepared for and only for the charity's Trustees as a
body. My work has been undertaken so that I might state to the charity's Trustees those matters I am
required to state to them in an independent examiner's report and for no other purpose. To the fullest
extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and
the charity's Trustees as a body for my examination work, for this report, or for the statements I have
made.
Basis of independent examiner's report
My examination was carried out in accordance with the general directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the financial statements 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 ncj opinion is given as to whether the financial statements
present a 'true and fair view' and the report \a limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
which gives me reasonable cause to believe that in any material respect the requirements:
•
to keep accounting records in accordance with section 130 of the 2011 Act; and
•
to prepare financial statements which accord with the accounting records and comply
with the accounting require Tients of the 2011 Act have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding
of the accounts to be reached.
JA Fox FCA
Chartered Accountant
The Lexicon
Mount Street
Manchester
M2 5NT
COPTS IN NEED
Statement of Financial Activities
For the Year Ended 31 March 2014
Unrestricted
Funds
: Note
2014
£
Restricted
Funds
2014
£
Total
Funds
2014
£
Total
Funds
2013
£
Incoming Resources
Incoming resources from generated funds: ;
Voluntary income
302,237
-
302,237
205,060
Total Incoming Resources
302,237
•
302,237
205,060
130,265
-
130,265
191,650
1,530
-
1,530
1,500
131,795
-
131,795
193,150
170,442
-
170,442
11,910
36,132
-
36,132
24,222
206,574
-
206,574
36,132
Resources (Expended
Charitable activities
2
Governance costs
3
Total resources expended
Net incoming resources
Total funds brought forward 31.03.13
Total funds carried forward 31.03.14
The Statement of Financial Activities include!! all gains and losses in the year.
All activities reflate to continuing operations.
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5
COPTS IN NEED
CHARITY NUMBER 1138357
Balance Sheet at 31 March 2014
2014
Note
2013
£
CURRENT ASSETS
145,340
65,764
4,126
35,006
211,104
39,132
Cash at bank
Gift Aid Debtor
CURRENT LIABILITIES
Creditors - amounts falling due
within one year
(3,000)
(4.530)
NET CURRENT ASSETS
206,574
36,132
NET ASSETS
206,574
36,132
206,574
35,132
206,574
36,132
REPRESENTED BY
FUNDS
- unrestricted fund
- restricted funds
Approved by the Trustees on
5,6
5,6
2% ( d | . r
a n c l s i
9
n e d
Dr Joseph Maximous
Trustee
(i
o n
t n e i r
behalf by:
COPTS IN NEED
CHARITY NUMBER 1138357
Notes to the Financial Statements
For the Year Ended 31 March 2014
1.
Accounting Policies
a) Accounting Convention
These financial statements have been prepared under the historic cost convention and in
accordance with applicable accounting standards and the Statement of Recommended
Practice for Accounting by Charities (SORP) issued in March 2005.
b) Fund Accounting
a.
Unrestricted funds are available for use at the discretion of the trustees in
furtherance of the general objectives of the charity
b.
Restricted funds are subject to restrictions on their expenditure imposed by the
donor.
;
c) Incoming Resources
Income is accounted for on a receivable basis. Gifts are included at the point at which the
charity is entitled to receive them, usually the earlier of notification or receipt.
d) Resources Expended
Resources expended are accounted for on an accruals basis. Grants and donations payable
are charged in the year in which the offer is made unconditionally to the beneficiary.
Governance costs comprise those' costs attributable to the public accountability of the charity
and compliance with regulatory and good practice.
2.
Direct Charitable Expenditure
2014
Gifts and donations
Bank charges
Miscellaneous
£
2013
£
124,216
276
5,773
187,114
483
4,053
130,265
191,650
2014
£
2013
£
1,530
1,500
1,530
1,500
Governance Costs
Independent Examiner's remuneration
7
COPTS IN NEED
CHARITY NUMBER 1138357
Notes to the Financial Statements
For the Year Ended 31 March 2014
4.
Staff costs and numbers
The charity had no paid employees.
During the year none of the charity's Trustees received any remuneration or reimbursed
expenses.
5.
Statement of Reserves
At 31 March
2013
Income
£
Unrestricted
Expenditure
Transfers
At 31 March
2014
£
£
£
36,132
302,237
(131,795)
206,574
36,132
302,237
(131,795)
206.574
Funds
Restricted
Funds
Total
Analysis of Net Assets Between Funds
Unrestricted
Funds
£
Net current assets
7.
Restricted
Funds
£
Total
£
206,574
206,574
206,574
206,574
Connected party
During the year the charity received a donation of £650 from Coptic Orthodox Church,
connected party through a common Trustee.
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