Reglstered number: 2643543
Charity number: 1010360
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

HELLENIC COMLiUNITY.TRusr
CONTENTS
Page
Reference and adminlstratlve details of the Company, its Trustees and advisers
Chalrman's statement
Trustees. raport
Independenl auditors, report on the flnanclal statements
Statemont of financial actlvltles
4-14
15-18
19
Balance sheet
20
Statement of cash flows
21
Notes to the financial statements
22-38

. HELLENIC COMMUNIT.Y TRUST
. (A company Ilmlted by guatantee)..
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Costas Kleanthous, Chairman
loannis Toumazis
Marios Voskopoullos
George Tsavlirls
Haralambos Fafalios, Secretary
Emmanuel Zurides (resign￿ 11 March 2025)
Haris Sophoclides
Marina Marks
Pigi Skiniti
Antonios Yerolemou
Evangelina Ar8poglou
Michael Agalhou
Panagiolis Seretis
Bernard Carantinos (appointed 11 March 2025)
Executlve Board of
The Hellenic Centre
Mr Slamos Fafalios. Chairman
Mrs Stella Dinenis, Hon. Secretary
Mr Constantinos A M Shiatis, Hon. Treasurer
M8 Marina Antoniou
Mr John Michael Carras
Mrs Marie Coccolatos
Dr Natasha Lemos
Mrs Irene Monios
Mrs Despo Papachristodoulou
Company reglstered
number
2643543
Charity registered
number
1010360
Registered office
9.17 Capital Tower
91 Waterloo Road
London
SE18RT
Company Secretary
Mr. Haralambos Fafalios
Dlrector of The Hallonlc Dr. Nayia Yiakoumaki
Centre
Independent audltors
Griffin Stone Moscrop & Co
Chartered Accountants
21-27 Lamb's Conduit street
London
WC1N 3GS
Page 1

HELLENIC COMMUNITY TRUST :.
(A company:'linlitéd b.y guarantee).. .
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
{CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Bankars
Coutts & Co.
440 Strand
London
WC2R OQS
Investment manager
Coutls & Co.
440 Strand
London
WC2R OQS
Tr8asurer
Mr Michael lacovou
Page 2

.HELLENI¢.COMMUNITY TRUST
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
The chairman presents his statement for the year.
The past year has seen many improvements in our Cultural programm8 attracting a large number of new people
to the Hellenic Cenlre. Similarly our Greek lessons programme has been expanded with the use of the internet
and has met with notable success. Financialty, although we continue to improv& the situation, we finished the
year with another small deficit.
Our main income derives from letting our facilities when they are not needed for our cultural programme and this,
in common with other similar organisations has been slow to r@cover.11 16 now Gl8ar that the impact ofthe Covid-
19 pandemic together with the resulting shift to much greater use of the internet for meetings of all kinds and the
increase in costs of in-person meetings, have resulted in a reduction in the use of facilities such as ours. While
we continue to recover, this is proving to be slower than w8 expected. We continu8 to control our expenses
rigorously and this is a major contribution to our financial r8sults.
We have introduced a new fundraising strategy designed to engage a range of stakeholder groups in a more
structur8d and targeted manner. This approach aims to build stronger, more sustainable support across our
diverse activities.
We continued our r8Vltalis8d cultural programme, develop8d in collaboration with a number of respected UK
partners. Th8 programme achieved significant pUb￿lC engagement with several sold-out events and, importantly,
generated income from cultural activity for the first time.
Our provision of Modem Greek lessons has been expanded by the use ofthe internet, thus baing mad8 available
to people out of London and the UK. It continues to be successful and much appreciated by th8 people taking
the lessons.
The dedication of our director, Dr Nayia Yiakoumaki and her colleagues during Ihis difficult year has been very
instrumental in our success and I'm very grateful lo th8m. I have every confidence that Ihey will ￿ntinUe to
successfully implement our policy of updating and enhancing our organisation and activities both for th8 benefit
of the Hellenic communty and of our host community which w8 consider as important.
I'm also very grateful to the chaiman and the members of the Hellenic Centre Executive Board for their
dedication and hard work and their support of our director and th8 Council during the year.
Similarty, I'm grateful to all the members of the Council for their support and advice throughout the year and their
enthusiastic support of all our efforts to improv8 our trust and its offerings to the public.
I have every confidence in our ability to continue our mission of disseminating Hellenic cultur8, both old and new
and in the future of our Trust,
Costas Kleanthous
Chaimian
Chairman
Date., 24 June 2024
Page 3

TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report togèther with the 8LJdited financi81 statements of the Company for the 1
January 2024 to 31 December 2Q24. The Annual report seNes the putposes of both a Trustees, report and a
directors, report under company law. The Trustees confirm that the Annual report and financial statements of the
charitable company comply with the Current statutory requirements, the requirements of the charitable company's
governing document and the provisions of the Statement of Recommended Practice (SQRP) applicable to
charities preparing their accounts in a¢cordanc8 with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102} {effective 1 January 2019).
Since the Company qualifies as small under geclion 382 of the Companies Act 2008, the Strategio report
required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors,
Report) R￿ulationS 2013 has been omilted.
Objectives and activities
a. Policies and objectlves
The objects of the Trust are set out in its Memorandum and Articles of Associalion and are summarised as
follows,.
the benefit of the inhabitants of London, in particular those inhabitants who are Hellenic or of Greek origin, by
providing or assisting in the provision of a community centre containing facilities for recreation or other lesiure
lime occupations.
the advanc8m8nl of public education in the history, religion, culture and traditions of Hellenism,
Our objectives are to promcte the history, cultur6 and traditions of H&llenism to th8 wid8r community, to provide
a community centre for cultural and recreational a¢tivities, and provide a forum of learning, informallcn and
entertainment for the b8nefil of its members and the public.
b. Strategies for achievlng objectlves
W8 want to keep the Hellenic Centre an accessible and welcoming venue for all, for those who wish lo learn
more about Hellenism and for those who want to reflect on their Greek culture and traditions. The Centre is open
everyday including weekends providing cultural and other activities including..
lectures, recitals, Greek music evenings,,
seminars and exhibitions.
Greek language courses.
c. Publlc benefit statement
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission r&lating to public benefit, including the guidance 'Public benefit.. running a
charity (PB21'.
Page 4

TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and perfomiance
a. Revlew of activities
2024 was a successful year for the Hellenic Centre. We achieved our main targels for the yearwhich we￿,
Enhancing our programme wilh high qualily events
Network with reputable organisations to create collaboralions
Attract new audiences
Increase the income from our programm8d events
Our programme continues to attract new audiences and we have had extensiv@ coverage from press
including BBC Radio, Radio Tim&s, Kathim8rini, RIBA Journal.
We have maintained the new strands for the programme which include: Talks. Film, Performance, Exhibitions,
Family and Community Events. These have been very well received. A number of soldqQUt events have taken
plac8 at the Hellenic Centre, to name but a few..
Hellenlc Centre 2024 events
20 January
New Yearfs Celebratlon with Ensemble R8za performing traditional Greek and Romani music
25 January
The Aesthetlcs of Drlnking and Dining: Explorlng Taste on the Eye and Tongue with Christina Makris
3 February
Nlmata A project supported by th8 Athena Scholarships presenting innovative Greek performers and compo88rs
from the Royal Academy of Music and Guildhall School of Music and Drama
8 February
The British School at Athens: Talk by Returning Resident Joshua Whltaker on the subject of Acid HistL)ry
developed during hi8 residency at BSA. In partnership with University of the Art8 London
15 February
Camera vs Camera: Maria Lalou Artlst's Talk
17 February
Albanlans in Greece.. Migration, Momory and Art A talk, film screening and performanc&. In collaboration with
the University of Westminster
22 February
Boulevard Humalne A dance theatre pi8C8 developed by dancer and choreographer Zoi Demetriou inspired by
Xanakis, Okho
29 Fébruary
Mess8ng8rs and Communlcation in Anc5ent Mythology & Drama wlth Evdoxla Lymperl
9 March
Ancient Tastes: Traditlon and Change In Hellenistic Athens A feast accompanied by a ledure with Mariana
Kavroulaki, which was an 8xceplional success, Guests dined as the poor and the rich in ancient times,
Page 5

HELLENIC COMMUNITY TRUST ._.:,
{A:compan_y limlted by guarantèe)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance {contlnuedl
Revlew of activities {conL)
12 March
Mark Hadjlpateras Book Launch & Discussion Mark Hadjipateras on his new book M8kn'ng a Mart( with art
curator and writer G@Ily Gryntaki,. introduced by the présidenl and CEO ofABRAMS, Mary McAveney.
18 March
Children's Carnlval A family event with Asterakia, always successful 2nd well attended.
18 March
Kathara D8ftera Celebration wlth Music and Food with Kourelou and the London Greek Colleclive, with a
special feature, the chef Georgina Hayden cooking in addition the what the HC offered.
21 March
Costas Tsoclis: From the Eraty Days to Livlng Palntingi NFTS and Beyond A conversation with Costas
Tsoclis and Irini Mirena Papadimitriou, creativ8 Director of FutureEverything
28 March
Who has the Rlght to Sp8ak and Act in the Publlc Space? A conversation on public artworks in Greec8
commissioned by London-based Counterpoints Arts with artists Tamara Al Mashouk, Eirini Linardaki, Andrian
Paci and co-curalors Almir Koldzic and Niovi Zarampouka-chatzimanou
20 April
Thlnk Future.. Innovation in Everyday Llfe A community event with live d&monstrations from various sectors.
In collaboratlDn with the Hellenic Tech Networf(.
25 April
Institutlons In the Age of Prècarity: T8chnologles, Materia15 and Imaglnatlon A talk with Dr Alexandra
Antonopoulou and Dr Gabiel Menotti.
27 April
Western & Eastern Influences In Christodoulos Georgiad8s' Music Talk and recital with ￿MpoSer and
pianist Christodoulos Georgiad88. Supported by the Cyprus High Commissions and the A G Levantis Foundation
9May
Fabulous Cr8atures: Women Between Reallty and Myth A talk with theatre director Emily Louizou and
producer Elizabeth Filippouli on the occasion of their nèw play
11 May
Vakia: A Singer's Journey A recital with singer and songwriter Vakia Stavrcu and guitarist Socrates Leptos. In
collaboration with the Cyprus High Commission
15 May
A Time of Her Own Launch of the online interactive project by arti81 Zoe Hatziyannaki and curator Christina
Petkopoulou integrating female portraits in the Greek press in the 708 and 80s. Supported by the American
Coll8ge of Greece, Frances Rich school of Fine and Performing Arts.
23 May
Ancient Phllosophy To(lay
A talk with academics Anna Marmodoro, Erasmus Mayr, John Sellars, Raphael Woolf.
Page S

.HELLENIC COMMUNITY TRIJST.
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlevements and perfomiance Icontlnued}
Revlaw of actlvltles {cont.)
4 June
The Road is Wider Than Long Talk with Anthony Penrose recounting the journey his parent, photographer Lee
Miller and artist Roland Penrose made together through the Balkans and Greece in 1938
13 June
Heritage on a Plata Wtth Carolina Doriti: The Untold Stories of Greek Culsine Talk with cookbooklfood
writer and cook Carolina Doriti, which included a honey and olive oil tagling,
27 June
Travelling the Medit8rranean: Late Antique and Victorian Women on the Move Talk with Rebecca
Sweatman, Director al the Brit15h School at Athens.
29 June
We4all Environmental Day A family event of games, conversation and activities dedicated to our planet earth in
partnership with We4all Environmental Organisalion.
29 Jun8
Soliria's Songs
A music perfonnance on the life and songs of Greek singer Sotiria Bellou with Chrtstina Maxouri
2 OclDber-16 November
Rena Papaspyrou: Images Thmugh Alatter Exhibition
2-21 October
Maria Lolzldou: The Place 1Am Not Exhibltion in partnership with the Freud Museum
10 October
In Conversatlon., Lins8y Young wlth Elpida Karaba and Stamati5 Schizakis on Rena Papaspyrou's work
11 October
In Conversatlon: Maria Loizidou wlth Dr Nayla Ylakoumakl and Dr Giuseppe Albano on Loizidou's work
The Place l Am Not
17 October
Th8 Truth 1$ In the Soll: A Photographic Exploratlon of Ancestral Mournlng Rltuals, Trauma and Vlsuality
In Gre￿e Artist loanna Sakellaraki on her book inspir8d by the Msni moumers in conversation with GOST
publisher Stuart Smith
24 October
Travel Wrlters in Greece.. From th8 1940s to the Present A talk with Prof Gonda Van Steen (Kings College
London), author Peter Sarber and travel writing historian David Wills, cO￿rganiSed with the Society for Mod8rn
Greek Studie8.
31 October
Echo.. Tai Shani and Iwona Blazwi¢k In Conversation Launch of Echo, a series of ¢onvers8tion8 with leading
artists reveling the echos of past civilasation that resonate in their wotft
Artist Tai Shani discusses her work with curator Iwona Blazwick focusing on the performance Anti-Antigone End
Time12011)
Page 7

H.ELLENIC COMMUN!TY..TRUST .
(A company limited'by guarantsel.,
TRUSTEES, REPORT {CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlevements and performance Icontinued)
Revlew of actlvltles Icont.)
2 November
Cyprus Today: The State of Hlstoric Monuments in th8 Occupied Areas
A talk with Dr Charalampos Cholzakoglou. Co-organised with Ihe Hellenic Institute and the Centre of Diaspora
Studies, Royal Holloway, Universty of London and supported by the Ministry of Education, Sport 8nd Youth of
the Republic of Cyprus
7 November
Many Different Hlstorles: Film screening and Q&A with Maria Anastasiou and Gareth Evans
Screening of films AGropolis by Eva Slefani and Notes Remembetpd and Found by Maria Anasl8810U
14 November
Suzana Antonakaki: A 'P8ripheral' Female Volce In Modem Archltecture
Talk with architecture historian Slelios Giamarelos
21 November
Women and Greek Mythology: Interprotations In Contemporary Art Talk with artist and academic Stella
Baraklianou
28 November
Greek Wine: Today and Tomorrow - Tasting and Discussion with cultural commentator and wine writer
Christina Makris
30 November
Praxls 9: The Time of Cri888
A Festlval of Modern Greek Theatro Rehears8d readings of nine
contemporary plays in Greek with Engli8h surtttles dir8¢ted by Anastasia Revi
12 December
dad, i want you to be ashamed of me sam albatross discusses his second novel with Elsa Amanalidou,
Director of Modem Greek Studies, Brown University
14 December
Round About Chrlstmas Christmas songs from arounf the world, including traditional carols from Greece and
Cypru8, With Andri8 Antoniou and a band of London based musicians
Events b Member Soci8ti8S
12 January Vasilopitta by Lykion ton Hellinidon
7 FebrLrary Imperial Tyranny? Rethlnklng Athenlan Imperial Power Talk by the Society of Promotion of
Hellenic Studies
20 March Conversations wlth our Alumni by the English School Alumni and Friends Association IUKI
26 April Alexander the Great and hls Legacy In Central Asia Panel discussion by the Macedonian Society of
Greal Britain
14 May The Figurine: When Beauty Inspires Crlma Presentation of Victoria Hislop's book The Figunne by the
Society for Mod8rn Greek Studies
18 June An Evening with Explorer Stephanle Solomonides by the English School Alumni and Friends
Association {UKI
3 Decemb8r From Heroon to Church.. The Eventful Life of the Episkopi of Sikinos 3rd Annual Matti Egon
Lecture by the Greek Archaeological Committee UK
Page 8

. HELLÈNIC COMMUNITY TRUST ::.. .
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlevements and performancè (contlnuedl
Revlow of activltles (cont.)
Evenls for children took place in February, and December with music and art and craft s6ssion$ rel8led lo
Carnival, summer holidays and Christmas resp8Ctively.
Greek language courses took place online and in-person and attracted over 300 students each term. In 8ddition
to the courses offered in the Winter, Spring and Autumn tems we also offered private tuition lessons to over 80
students as w811 as online courses during August which continu8 to be successful, In addition to the lessons, we
have introduced our students to cultural traditions from Greece and Cyprus by offering cooking workshops
before major holidays, such as Christmas and Orthodox Easter.
Venue Hir8
The venue hire has improved but we are still in the process of recovering from the pandemic and the impact to
venue hire that the shift to online meetings and training sessions, had on the HC. The Events and Hires industry
has weakened across the UK, and the DCMS ha5 published a very accurate report.
Staff chan
Christina Gkika, Reception and Administration Assistant went on matemity leave in October 2024. We recruited
two members of staff to share her rol8, Sotos Kourtellaris and Stella Manousaki. In addition, Medea Manaz,
Press and Marketing Officer resigned to follow an acting career and to replace her, we recruTted Agape
Harmani.
Memb8rshi
I fundraisin
Membership started picking up again from January 2024 with many members giving us donations with their
subsGriptions' The new appealing benefits introduced in 2023 have been very much appreciated. These w8r8'.
Discount in hiring the spaces, Lending rights from our Library, Special behind the scene tours to other UK
institutions. We printed a flyer to promote membershlp and this is now displayed prominently in various place in
the building.
The profile of the Centre has increased and many more people came through our doors in 2024. Every week we
meet visitors who come to the Centre for the first time and some of them, tell us that they have heard about it in
the rec8nl press or through word of mouth.
Pag8 9

(A"¢Oiiipgny limried,"by guarantee):,
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Flnancial revlew
a. Going concern
After making appropriate enquiries, Ihe Trustees have a reasonable expectation that the Company has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concem basis in preparing the financial slatemenls. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
b. Res&rvès pollcy
The Trustees have considered the Minimum level of free reseNes that the Trust ou9ht lo have. Reserves are
needed to meet the working capital requirements of the Trust, to cover possible emergency repairs to the
premises and to sustain operations over 8 period when income generating activities m8y be curtailed
temporarily, The Trustees consider that the minimum level of free reserv85 should be not less then twelve
months, overheads of the Trust. The free r8serves for the year ended 31 December 2024 are represented by the
unrestricted general fund amounting 10 £722,645 (2023 - £833,074). The Trustees are confident that the level of
free reserves will continlie to be satisfactory.
c. Material investments pollcy
The Trustees, having regard to the liquidity requirements of operating the Hellenic Centre, have k&pt availabl8
funds in interest-bearing deposit accounts 2nd seeking to achi8ve rates which match or exceed inflation.
Page 10

HELLENIC. COMMUNITY TkUST.
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
d. Prlnclpal risks and uncertaintles
The Trustees have a risk management strategy which comprises.,
an annual review of the principal risks and uncertainties that the charity face,.
the establishment of policies, systèms and procedures to mitigate those risks identified in the annual review.,
th6 implementation of procedures designed to minimise or manage any potential impact on the charity should
th08e risks materialise.
This worf< has identrfied that financial sustainability is the major financi81 risk for the charity. A key element in the
management of financial risk is a regul8r review of available liquid funds to settle debts as they fall due, regular
liaison with the bank, and active management of trad6 debtors, and credilrs, balances to ensure sufficient
working capitsl by the TNst.
Attention has also been focused on non-finan¢ial risks arising from fire, health and safety of artists and audience,
management of performing rights and food hygiene. These risks are managed by ensuring accreditation is up to
date, having robust policies and procedures in place, and regular awareness training for staff working in these
operational areas. The Workplace Health & Safely Risk Assessment, which includes fire risk assessm8nl is
reviewed constantly as maintenance is carri8d out throughout the year. This includ8s the building and the fire exit
roules and appropriat8 signs,. maintenance contracts according to Ihe relevant laws regarding the lift, the boiler,
the water treatment, the ladders, the signs in the building, smoke detectors, burglar alarm and fire alarm
maintenance and weekly testSng, CCTV camera. hazard signs when works are carried out, window eyebolts for
the window cleaners, control of hazardousldangerous materials, fire drills, electric81 installations inspections,
manual handling risk assessment for staff using the ladders or the tower and pest control. Ther6 is in8urance for
the building, for the riskslinjury to persons, insurance for public liability and also employers, liability,. also a record
of registration of entertainment and liqour Iic8nce which has since September 2022 be&n allocated to a new
DPS. Regarding the staff there 18 a workplace risk asses8m8nt regarding the desks and position of the
computers. There is a first aid box in the office and in the caretak6r's room and all accidents and injuries are
recorded in a special book. With regards to food hygiene the staff are aware of the 'Safer Food Better Business,
instructions from the Food Standard and we are constantly seeking to provide more training to our ￿terIng stsff.
e. Prlnclpal funding
The principal funding sources continued to be the comprehensive programme cf cultural and other charitable
events, venue letting, donations and subscriptions. The Trustees remain confident that these sources wrll
continue at a satisfactory level for the foreseeable future.
Structure, governance and management
a. Constltutlon
Hellenic Community Trust is registered as a charit2ble company limited by guarantee and was set up by a
Mémorandum of Association.
Pag811

HELLENIC tOMMUNITY_T.RUST.
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, govarnanee and management (continued
b. Methods of appolntrnent or election of Trustees
Under the provisions of the governing document, the Trustees are nominated by the m6mb8rs and elected by
the Annual General Meeting andlor nominal@d by the Great Benefactors and elected by the Council, Nine
Trustees are elected by the Annual General Meeting and eight by the Trustees. Those elected by the Council
remain in office until they retire. One third of the Trustees elected by the Annual General Meetingmust retire by
rotation bLrt are eligible to offer themselves for re-election.
The Lykion Ton Hellinidon (London Lyceum of Greek Women) is entitled to be a mambèr of the Council as long
as il is entitled to benefit of a deed of trust entered into at the In￿ptIOn of the Trust.
c. Organlsational structure and declslon-maklng policies
The Truste8s are responsible for the general control and management of the Trust, The Trustees give their lime
freely and receive no remuneration or other benefits. In order to facilitate effective operations, the Trustees
establi88d The Hellenic Centre (The Centre) which is an association of individuals, organisations and corporat8
members to which the Trustees have granted a constitution as its governing document. The Trustees delegate
authority to an Executive Board and to a director of the centre both of whom report lo the Council. There are also
a number of subcommittees covering pr8mi8es, human resources and finance and administration which m&@t on
a regular basis.
d. Policios adopted for the Inductlon and training of Trustees
Most of the existing Trustees have been in office for many years and are all well informed oftheir duties from the
governing documents, relevant publications of the Charity Commission and other pertinent information. A
number of them h8ve served or are serving in similar positions in other charitable organisations. Trustees are
r8quired to inform themselves from the governing documents, Charity Commission publications and other
pertinent information and to attend a brief induction meeting. Trustees also obtain and follow professional advice
and guidance when dealing with their responsibilities stated in the report.
e. Pay policy for key management personnel
The key management personnel of the charity in charge of directing and controlling, running and operating th8
charity comprise the Trustees, th8 director of the Centre and the Executive Board. All Trustees and members of
the Executive Board give their time freely and no Trustees or members of the Executive Board received
remun6ration during the year.
Th& pay of senlor staff is revlewed annually and normalty increased in accordance with av8rag8 earnings, In view
of the nature of the charity, the directors benchmark against pay levels in other ch81itie$ of a similar size run on a
voluntary basis. The remuneration benchmark is the mid-point of the range paid for similar roles adjusted for a
weighting of up to 30 /0 for any additional responsibilities. If recruitment has proven difficult in the recent past a
market addition is also paid with the pay maximum no greater than the highest benchmarked salary for a
comparable role.
f. R6lated party relatlonshlps
Through a Trust instrument, the Lykion Ton Hellinidon, a registered charity and great benefactor of Ihe Trust, is
housed in the Centre's premises. Both benefit from 8 close relationship and collboration whilst each is financially
and othe￿ise independent crf the other.
Page 12

HELLENIC COMM.UNITY TRUST.... .
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Plans for future p6riods
The HC continues to be financially affected by the effects of the pandemic and the slowing down of the Events
and Venu8 hires industry showing a deficit in our accounts but wé continued to work hard in 2024 to close the
gap and will continue to do so in 2025.
We hav8 reduced our spending in all area5 of our activity despite the increases in rates across seNices. The
three-quote rule when staff reach out to potential contractors is working very well and we are now able to
compare and enEure the best value for money from the majority of our suppliers.
The office operates well as it 18 and we are going to maintain all staff recruited in 2025. Ideally, we can expand
the staff and introduce more roles in the future. We will continue lo improve our HR systems and we have started
to produce accurate job descriptions for all staff. The to-do-lisls are slowly b eing replaced across the board but
this is an arduous process that has lo align with staff s existing contracts.
In terms of fundraising, after launching the Cultural Fund, the initialive which will raise funds to support our
cultural offer to the public and fulfil the Charity's mission, we continue to pursue Trusts and Foundations as well
as Individuals. We will continue to share our mission and vision with them so that we can attract them as long-
term supporters in 2026 and beyond. This year slarted off very positively in terms of fundraising outcomes. To
successfully implement fundraising at the HC, we have recruited a professional fundraiser, which we hope we
can continue to employ for 2025 and beyond. This was agreed by the Council at the end of 2024.
Through our refreshed programme, which was implemented with the arrival of the new director, we have seen a
diverse and new audience coming to the HC and we have increased our social media following by 3,0000kn. In
2025 w8 will be working hard lo continue lo expand our audiences and continue the success of 2024.
We have made our events more financially sustainable by introducing a small token fee so that when people
book they are committed to attending. This poli¢y has produc8d a good outcome, events with a small incom8
which is very positive. Going forward we will increase out lick8ting, but k88ping it affordable, to ensure that we
br8ak even every time.
We will continue our membership with EUNIC, the intemational network of European Cultural institutions in the
UK as this has proven very helpful for u8. Networking with other robust institutions will continue in 2025 to ensure
that we benefit from the knowledge exchange but also communicating our programmes and educational offer to
their networks and audience.
Aft6r the significant increase of students through our promotional efforts, we are going to mark81 Greek lessons
more and continue to offer to our students paid workshops to find out mora about Greek Gullure, through cooking
and cultural aclivilies.
In 2025 we will programme 8ngaging events for our Members, an activity that has been very successful in 2024.
We continue working towards a plan to open our café and have incom@ from the rental we will receive. Overall
we shall continue to work towards putting the Centre at the forefront of culture in London and cement its
r6PUtation for the next years to Come as a Pla￿ where international audience can meet H&116nic culture.
Page 13

HELLENIC COMMUNITY. TRUST ,..
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Trustees, responsibilities
The Trustees {who are also the directors of the Company for the purposes of company law) are fftsponsible for
preparing the Trustees, report and the financial slatemanls in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accept8d Accounting Practice).
Company law requires the Trustees to preparg financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the slate of affairs of the Company and of its incoming resources and application of resources, including ils
in￿rne and expenditure, for that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.
obsewe the methods and principles of the Charities SORP (FRS 102},'
make judgments and accounting estimates that are reasonabl8 and prudent.,
slate whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.
prepare the financial statements on the 90ing concern basis unless it is inappropriate to presume that the
Company will continue in business.
Th8 Trustees are responsible for keeping adequate accounting records that are suffici8nt to show and explain
the Company'8 transactions and disclose with reasonable accuracy al any time the financial position of the
Company and enable them to ensure that the financial statements Gomply with the Cornpanies Act 2006. They
are also responsible for safeguarding the assets of th& Company and hence for taking reasonabl8 s18ps for the
prevention and detection of fraud and other irregularities.
Disclosure of informatlon to audltors
Each of the persons who are Tru8le&s at the lime when this Truste8s' report is approved has confirmed that..
so far as that Trustee 18 aware, there is no relevant audit infomiation of which Ihe charity's auditors ar&
unaware, and
that Trustee has taken all Ihe steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charitys auditors are awar6 of that information.
Audltors
The auditors, Griffin Stone Moscrop & Co, have Indicat￿ their willingness lo continue in office. The designated
Trustees will propose a motion reappointing the auditors at a meeling of the Trustees.
Approved by order ofthe members of the board of Trustees on 24 Juna 2025 and signed on their behalf by..
Costas Kleanthous
Chairman
Page 14

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HELLENIC COMMUNITY TRUST
Opinion
We h ave audited the financial statements of Hellenic Community Trust (the 'charilable company'} for the year
ended 31 December 2024 which comprise the Statement of Financial Activities. Ihe Balance sheet, the
statement of cash flows a nd the related noles, Including a summary o f significant accounting policies. The
financial r6porting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
giv8 a true and fair view of the state ofthe charitable companls affairs as at 31 December 2024 and of its
incoming resour￿5 and application of resources, including its income and expenditure for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Prdctice; and
have be8n prepared in accordance with the requirement5 of the Companies Act 2006.
Basis for opinlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are furth8r described in the Auditors. responsibilitles for the audÉt
of the financial stat8ments section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including th@ Financial Reporting Council's Ethical Standard, and we have fulfilled our other elhical
responslbilities in accordance with these requirements, We believe that the audit evidence we have obtsin8d is
sufficient and appropriate to provide 8 b8sis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we hav8 performed, we have nol identified any material uncertainties relating to events or
conditions Ihal, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going conc8m for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsiblllties of the Trustees wilh resp8Ct to going concern are described in the
relevant sections of this report.
Page 15

HELLENIC COMMUNITY TRU.ST. .
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HELLENIC COMMUNITY TRUST
(CONTINUED)
Other Information
The other information Comprises the information included in the Annual report other than the financial statements
and our Auditors, report Ihereon. The Trustees are responsible for the other information contained within the
Annual report. Our opinion on th8 financial slatemenls does not cover the olher information and, except to the
extent otherwise explicitly stated in our report, w8 do not express any form of assurance conclusion thereon. Our
responsibility is to read th8 other information and, in doing so, consider whether the other information is
materially inconsistent with th8 financial statements or our knowledge obtained in the course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have p8rformed, we conclude that there is a material
misstatement of thi8 Other information, we are required to report that fact.
W6 have nothing to report in this re9ard.
Opinlon on other matters prescrfbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, report for the financlal year for which the financial statements sre
prepared is consistent with the financial statements.
the Trustees, report has been prepared in accordanc8 with applicable legal requir6ments.
Matters on which we are requlred to report by exceptlon
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
Course of the audit, we have not idenlified material misstatements in the Truslèe8' report.
We have nothing to report in respect of the following rratters in relation to which Companies Act 2006 requires
us lo report to you if, in our opinion..
adequate accounting records have not be8n kept, or retums adequate for our audit have not been
received from branches not visited by us., or
the financial slatem6nts are not in agreement with the accounling records and returns, or
certain disclosLJres of Trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit,. or
the Trustees were nol èntitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the Trustees, report and
from the requirement to prepare a Strategic report.
Page16

, HELLENIC..COMMUNIT.Y.TRUST. -
(A cotnpany.ilmlted byyuarantee}.
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HELLENIC COMMUNITY TRUST
(CONTINUED)
Responslbilities of trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of the
charitable company for the purposés of company law) are responsible for the preparation of the financial
statement6 and for being satisfied that they give a twe and fair view, and for such internal control as the
Trustees delermine is necessary to enable the preparation of financial statements that are free from material
misslatem@nt, whelher due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's abilty
to continue as a going concern, disclosing, as applicable, matters related to going concern and using th8 going
concern basis of accounting unless the Trustees either intend to liquidate the charitable Company or to cease
op8rations, or have no re81istic alternative bul to do so.
Auditors, responsibilities for the audit of the financial statements
Our objectives ar8 to obtain reasonabl& a8surance about whether the financial statements as a whole are free
from material misstatement, whether due lo fraud or error, and to issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance wwth ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error 8nd are considered matertal if, individually or in the aggregate, they could reasonably be
8xpected to influence the economic d8cisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are instan￿$ of nonqcornplianc8 with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irr8gulariti6s,
including fraud. Th8 extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below:
carrying out substantive checking to support documents on a sample basis of individual trans8Ctions
within income and expenditure to give comfort that on a sample basis the Statèment of Financial Activities does
not Contain any irregular items.,
carrying out walk-lhrough testing to verify that the charity's accounting systems and controls are being
implemented as designed; and
verifying that material balances within the Balance Sheet are supported by third party evidence to confirm
the exist6nce and valuation of these balances at the year-end,
A further description of our responsibilitias for the audit of the fin8ncial ststements is located on the Financial
Reporting Council's website al: W￿.frC or
.uk/auditorsres
Auditors, report.
onsibilities. This description forms part of our
Page 17

HELLENle.COMMUNITY TRUST. .
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HELLENIC COMMUNITY TRUST
(CONTINUED)
Usa of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state lo the charitable
company's metrnbers those matters we are required to state lo them in an Auditors, report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibilty to anyone other than
the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we
have formed.
Robert Smlth (Senior statutory audltor)
for and on behalf of
Grlffln Stone Moscrop & Co
Chartered Accountants
statLrtory Auditors
Date..
Page18

HELLENI¢ c.OMMUNITY. TRUS.T
' IA"tompany. limited b.y guaranteej '.
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2024
Restrlcted Unrestricted
funds
funds
2024
2024
Totsl
fundg
2024
Total
funds
2023
Note
Income from:
Donations 2nd legacies
Charitable activities
other trading activities
Investments
113,491
257,527
309,882
25,610
113N91
257,527
309,882
28,056
95,250
233,201
397,671
20,227
2,445
Total Income
2,445
706,510
708,955
746,349
Expenditure on:
Raising funds
Charitable aclivities
243,698
659.449
243,698
559,765
259,079
572, 929
316
Total expeiiditure
316
803,147
803,463
831,948
Net movement in funds before oth6r
re¢ognised gainsl{loss88)
2.129
{96,637}
{94,5081
(85,599)
Other recognised gainslllossos):
Gains on revaluation of fixed assets
21,085
Net movemont in funds
2,129
(96,637}
194,508
(64, 514)
R8conciliation of funds:
Total funds brought fO￿ard
Nel movement in funds
78,138
2,129
3,455,791
{96,6371
3,533,929
194,508}
3,598,443
(64,514J
Total funds carrled forward
80,267
3,359,154
3,439,421
3,533, 929
The Stat8rrent of financial activities includes all gains and losses recognised in the year.
The notes on pages 2210 38 form part of these financial statements.
Page19

HELLENIC COMMUNITY TRUST
IA company limited by guarantee)
REGISTERED NUMBER.. 2643543
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Flxed assots
Tangible assets
13
2.608.626
2,619,117
2.608,626
2,619, 117
Current assets
Slocks
Debtors
Cash at bank and in hand
14
15
2,098
14,739
898,559
2, 792
26.407
982,326
915,396
1,011,525
Creditors= amounts falling due wrthin one
year
16
184,601)
(96,713)
Nèt current assets
830,795
914.872
Total assots less current Ilabllltles
3,439A21
3,533,929
Total net assets
3.439,421
3,533.929
Charlty funds
Restricted funds
Unrestricled funds
18
18
80,267
3,359,164
78. 138
3.455.791
Total funds
3.439.421
3,533.929
The TTuslees acknowledge their responsibilities for complying with the requirements of the Act wrth respecl lo
accounting records and preparation of financial statements.
The financial slalements have been prepared in accordance wth Ihe provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 24 June 2025 and signed
on their behalf by ?
Costas Kleanthous
Chaiman
The notes on pages 22 10 38 fom part of these financial statements.
Page 20

HELLENIC.C.OMMUNITY.YRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2Q23
Cash flows from operatlng actlvltles
Net cash used in operating activities
1111,372)
(53,578)
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Proceeds from sale of investments
28,065
1460)
20,227
(9,697)
313,478
Net cash provlded by Investlng actlvltles
27,605
323,948
Cash flows from financing a¢tivltle5
Net cash provided by financing aclivltles
Change In cash and cash equlvalents In the year
Cash and cash equivalents at the beginning of th8 year
183,767)
982,326
270,430
711.896
Cash and cash equival&nts at tho end of the y8ar
898,569
982,326
The notes on pag&$ 22 to 38 form part of these financial statements
Page 21

HELLENIC COMMUNITY.TRUST
jA company limlted by guarantee)., ..,,
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Genoral information
Hellenic Community Trust (Ua The Hell&nic Centre) is a registered charity with the Charity Commission for
England & Wales (charity number.. 1010360) and a private company limited by guarantee, incorporated in
England and Wales (company number: 2643543>. The regiBtered offic& address is 16-18 Paddington
Street, London, W1 U SAS.
Accountlng polici8S
2.1 Basls of preparation of financlal statements
Th8 financial statements 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 accordallce with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102} (effective 1 January 201S), the Financial R8POrting Standard
applicable in th8 UK and Republic of Ireland {FRS 102) and the Companies Act 2006.
Hellenic Community Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are inilially recognised at historical cost or transaction value unless othe￿[8￿ stated in the
relevant accounting policy.
2.2 Income
All income is recognised once the Company has entitlement to the income, il is probable that the
income will be received and th8 amount of income receivable can be measured reliably.
Gr8nt8 are included in the Stalement of financial activit18s on a receivable basis. The balance of
income received for 8pecific purposes but not expended during the period is shown in the relevant
funds on the Balance sheet. Where income is receivèd in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Wh8r8 entitlement occurs
before incoma is received, th6 income is accrued.
Donated books, Plctures, paintings and other assets are not reflècted in the Statement of financial
position as these are of negligible value. It is not the policy of the Trust to cary out annual valuation
of such assets. A register of such assets is k8pt by the Trust,
Income tax recoverable in r8lation to investment income is recognised al the time the investment
income is receivable.
2.3 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transf8r economic benéfrt
to a third party, rt is probable that a transfer of ernnomic benefrts will be required in settlement and
the amount of the obligation c8n be measured reliably. Expenditure is classified by activity. The Costs
Df each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs altributable to a single activity are allocated directly
to that activty. Shared costs which contribute to more than one activity and support costs which are
not attributable lo a single activty are apportioned between those activities on a basis conslSt@nl with
the use of resources.
Expenditure on raising funds include8 all expenditure incurred by the Company to rai8e ￿ndS for its
charitable purpos&s and includes costs of all fundraising activities events and non-charitable trading.
Page 22

HELLENIC CQMMUNITY TRusr
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policies (continued
2.3 Expendlture (continued)
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Intorast recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Company,. this is nom)ally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.5 Tangible flxed assets and depreciation
Tangible fixed assets cosling £NIL or more are capilalised and recognised wh8n future economic
ben6fits are probable and the cost or value ofthe asset can be measured reliably.
Tangible fixed assets are initially recognised at cost, After recognition, under the cost model, tangib18
fixed ass8ts are measured at cost less accumulated d8preciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condilion should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated us8ful lives. on a reducing balance basis.
Depreciation is provided on the following basis..
Fixtures and frttings
2.6 Stocks
Stocks are valued at the lower of cost and net realisable value afier making due allowance for
obsolete and slow-moving 8tocks. Cost includes all direct ¢osls and an appropriate proportion of fixed
and variable overheads.
2.7 Debtors
Trade and other debtors are recognised al the settlement amount aft8r any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash al bank and In hand
Cash at bank 2nd in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit Dr similar account.
Page 23

.HELLENIC.COMMUNITY TRUST .. ::., .. .
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policies {contlnued}
2.9 Liabilitles and provislons
Liabililies are recognised when th8re is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
ol the settlement Can be estimated reliably.
Liabilities are re¢ognised at the amount that the Company anticipates il will pay to settle the debt or
the amount it has rsceived as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amount8 required to settle the obligation. Where
the effect of th8 time value of money is material, the provlsion is based on the present value of those
amounts, discounted at the pr8-lax discount rat& that reflects the risks specific tc the liability. The
unwinding of the discount is recognised in the Stat&menl of financial aclivilies as a finance cost.
2.10 Flnan¢lal Instruments
The Company Dnly has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exc8Ption of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.11 Operating leases
Rentals paid under operating lea8e8 are charged to the Statement of financial activities on a straight-
line basis over the lease term.
2.12 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the Company to th8 fund in respect of the year,
2.13 Fund accounting
General funds are unr6Stricted funds which are available for use at the discretion of thé Trustees in
furtherance of the general objectives of the Company and which have not been designated for other
purposes.
Designated funds comprise unrestrictèd funds Ihal have been set aside by the Trustees for particular
purposes. The aim and u8e of each designaled fund is sel out in the note8 to the financial
stat8ments.
Restricted funds are funds which ar8 to be used in accordance with specific restrictions imposed by
donors or which hav8 been raised by the Company for particular purposes, The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each réstriGted
fund is set out in the notes lo the financial statements.
Investment incom8, g8ins and losses are allocated t¢ the appropriate fund.
Page 24

HELLENIC COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donatlons and legacies
Unrestrlcted
funds
2024
Total
funds
2024
Donations
Grants
Subscriptions
52.651
48.515
12,325
52,651
48,515
12,325
Total 2024
113,491
113,491
UnTrstricled
funds
2023
Total
funds
2023
Donations
Grants
Subscriptions
32, 557
50, 000
12,693
32,557
50,000
72,695
Total 2023
95,250
95, 250
Income from charitable activities
Unrestrlcted
funds
2024
Total
funds
2024
Charitable activities
257,527
257,527
Total 2024
257,527
257,527
Page 25

HELLENIC,COMMU.NITY: TRUST
(A comp.any.Ilmlted by guaran"tée).".
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from charitable actlvltles {contlnued}
Unrestricted
funds
2023
Total
funds
2023
Ch8ritable activities
233, 201
233,201
Total 2023
233,201
233,201
Income from other trading activitiès
Income from fundraising events
Unr8stricted
funds
2024
Total
funds
2024
Catering income
Venue letting for fund raising purposes
Rent recewable
Miscellaneous income
65,547
191,785
38,400
14,150
65,547
191,785
38.400
14,150
Total 2024
309,882
309,882
UnrB8tricled
funds
2023
Total
funds
2023
Catering income
Venue letting for fund raising purposes
Rent receivable
Miscellaneous income
55,877
297,944
38,400
5,450
55,877
297, 944
38,40Q
5,450
Total 2023
397, 671
397,677
Page 26

HELLENI.C. C.OMMUNITY TRUS.T. .., . -
(A ¢timpahy. Ilmlte.d by.QUarantèej..
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Investment Income
Rastricted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Bank interest
2,445
25,610
28,055
Total 2024
2,445
25,610
28,056
Rest17cÈed Un￿stricted
funds
funds
2023
2023
Total
funds
2023
Bank interest
1, 776
18,457
20,227
Total 2023
1, 776
18,451
20,227
Expenditure on raising funds
Costs of ralslng voluntary income
Unrestrlcted
funds
2024
Total
funds
2024
staff costs
Premises costs
AdministratlV8 CO8ls
Financa Costs
Catering costs
Fundraising events and venue letting Costs
Depreciation
175,050
10,346
22,000
5,210
17,080
8,541
5,471
175,050
10,346
22,000
5,210
17,080
8,641
5,471
Total 2024
243,698
243,698
Page 27

HÈLLENIC COMMUNITY.TRUST.:
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Expendlture on raising funds (continued)
Unrestricted
funds
2023
Total
fur7ds
2023
Staff costs
Premises Costs
Administrative costs
Finance costs
Catering costs
Fundraising events and venue letting costs
Depreciation
179,247
11,410
30,415
6,467
14, 799
9,992
6, 689
179,247
11,410
30,415
6,467
14, 799
9,992
6,689
Total 2023
259,019
259,019
Following the completion of the 2023 accoun15, a review of the apportionm8nt of expenditur8 across
activities was undertaken and the cost8 reflec18d across fundraising, direct and support costs have bean
r8classified accordingly lo reflect a more appropriate categorisation based Dn the charity's activities. As
part of this exercise, the prior year figures reflected above have also been réclassified in order to make
the expenditure Comparable with the 2024 figures.
Page 28

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expendlture on charitable activitios
Summary by fund type
Restrlcted Unrestricted
funds
funds
2024
2024
Total
2024
Charilable activities
316
559,449
559,765
Restricted UnrestriGted
funds
funds
2023
2023
Total
2023
Charitable activities
2, 420
570,509
572,929
Analysis of expendlture by a¢tlvltles
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Charitable activities
285,481
274,284
559,765
Activili6)S
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Charitable activities
279,577
293,352
572, 929
Page 29

HELLENIC COMMUNIT.Y.TRUST..
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expenditure by activities {¢ontlnued)
Analysis of dlrect costs
Total
funds
2024
Total
funds
2023
Staff costs
Reallocation of Greek Teacher costs (to Cuycural events)
Premises costs
CuFtur81 events and other activities
119,596
{74,941)
51,728
189,098
119,885
(58, 105)
57,051
160, 746
285,481
279.577
Anatysis of sUPPOrt costs
Total
funds
2024
Total
funds
2023
Staff costs
Premises costs
Administrative costs
Depreciation
Donations to others
Governance costs
175,049
41,383
22,001
SN71
200
30,180
179,246
45,641
30,416
6, 690
31,359
274,284
293, 352
Following the compl8tion of the 2023 accounts, 8 review of the apportionment of expenditure across
£ctivities was undertaken and the costs reflected across fundraising, direct and support costs have been
reclassifi6d accordingly to reflect a more appfopriate categorisalion based on the charity's activities, As
part of this exercis&, the prior year figures reflected above have also been reclassrfied in order lo make
th8 expenditure comparable with th& 2024 figures.
Page 30

HELLENIC COMMUNITY:TRUST .
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10. Auditors. remunoration
2024
2023
Fees payable lo the Company's auditor for the audit of the Company's
annual accounts
6,800
6, 500
Fees payable lo the Company's auditor in respect of..
All non-audit services not included above
500
11. Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
427,648
33,641
8,406
434,994
55, 180
8,204
489,695
478,378
The average number of persons employed by th8 Company during the year was as follows..
2024
2023
Adminislration
Activities
The number of 8mploye&s whose employee benefits (excluding employ8r pension costs) 8xceeded
£60,OOD was.,
2024
2023
No.
In the band £80,001- £90,000
The key management personnel of the charitable company comprise the trustees and the k@y
management personnel of the Hell8nic Centre which includes one director whose employee benefits
totalled £91,105 (2023.. £91,239}.
Page 31

HELLENIC COMMUNITY.TRVST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12. Trustees. remuneratlon and expenses
During the year, no Trustees receivad any remuneration or olher benefits (2023- £NIL).
During the year ended 31 December 2024, no Trustee expenses have been incurred (2023- £NIL).
13. Tanglble flxod ass•ts
Freehold Fixtures and
property
fittings
Tota
Cost or valuation
At 1 January 2024
Additions
2,551,901
457,487
450
3,009,388
Al 31 De￿rnber 2024
2,551,901
457,937
3,009,838
D8pr8ciation
At 1 January 2024
Charge for the year
390,271
10,941
390,271
10,941
At 31 December 2024
401,212
401,212
Net book value
At 31 De￿rnber 2024
2,551,901
56,725
2,608,626
At 31 Dgcember 2023
2,551,901
67,216
2,619,117
In accordance with Companies Act 2008 and FRS 102, freehold property shall be depreciated over its
estimated useful life. It is the trustees, decision not to depreciate the freehold property in the accounts.
The charity is committed to maintain the property in high standard with continued improvam@nts and
maintenance. It is in their view that the residual value of freehold property will be higher than the historical
cost8 of £2.5m shown abov8. As a consequence, the propety is subject to an annual impairment review.
14. Stocks
2024
2023
stock (Drinks & Books)
2,098
2, 792
Page 32

.HELLENIGCOMMUNITY.fRUS.T ,
IA:company,limited by guarant8e}'""
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEPIIBER 2024
15. Debtors
2024
2023
Due wlthln one year
Trade debtors
Olher debtors
Prepayments and accrued income
4,607
3,956
6,550
15,901
10,132
14,739
26,407
16, Credltors: Amounts falling due wlthln one year
2024
2023
Trade creditors
other taxation and social security
other creditors
Accruals and d8ferred income
9,508
19,099
20,677
35,317
3,633
21,637
24, 585
46, 858
84,601
96,713
17. Flnancial instruments
2024
2023
Flnanclal asseis
Financial assets measured at fair valu8 through income and expenditure
898,559
982,326
Financial assets measured at fair valu8 through income and expenditure comprise cash at bank and in
hand.
P8ge 33

.,HELLENI¢.COMMUNITYTRUST -
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
18. Statement of funds
statemént of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Income Expenditure
Unrestricted funds
Designated funds
Designated Fund8
Cultural Fund
2,622,717
2,622,717
13,792
13,792
2,622,717
13,792
2,636,509
General funds
Gener81 Fund
833,074
692,718
1803,1471
722,645
Total Unrestrlcted funds
3,455,791
706,510
(803,1471 3,359,154
Restrlcted funds
Equipment fund
A David memorial fund
62
78,076
{15
{301
47
80,220
2,445
78,138
2,445
1316)
80,267
Total of funds
3,533,929
708,955
(803,463} 3,439,421
Designated funds include the freehold property and fixed assets which enable the Trust to meet 118
objectives. The Cultural (designated) Fund is a new fundraising initiative and all proceeds are eannarked
for the cultural programme only and for improvements in the building that will benefit the prcgramm8.
Restricted fund balanc8s comprise.,
quipment fund - this is in respect of specific equipment from restricted donations. Depreciation on this
equipment 18 charged to this fund,
A David memorial fund this fund was set up in memory cf the founder of the trust. Biannu81 lectures
are held in memory of the founder.
Page 34

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
18. Statement of funds (continued)
Statement of funds - prior year
Balance a
31
December
2023
Balance al
l Janu8ry
2023
Gains/
(Lo8se8)
Income Expenditure
Unrestricted funds
Deslgnated funds
Designated Funds
2,622, 717
2,622, 717
General funds
General Fund
896, 944
744, 573
(829, 528)
21,085
833,074
Total Unrestricted funds
3,519,861
744, 573
(829, 528)
21,085
3,455, 791
Restrlcted funds
Equipment fund
A David memorial fund
82
78, 700
(20)
(2,400)
82
78,076
1, 776
78, 782
1, 776
(2,420)
78, 738
Total of funds
3, 598, 443
746,349
(831, 948)
21,085
3, 533,929
Page 35

. HELLENIC COMMUNITtr TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
19. Analysis of net assets between funds
Analysis of net assets between funds - current period
Rastricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
47
80,220
2,608.579
835,178
(84,601)
2,608,626
916,396
(84,601}
Total
80,267
3,359,154
3,439,421
Analysis of net assets between funds - prior period
Reséricted Unr6slricted
funds
fvnds
2023
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
62
78,078
2,619,055
933, 449
(96, 713)
2,619,717
1,011,525
(96, 713)
Total
78, 138
3, 455, 791
3, &33,929
20. Reconciliation of not movement In funds lo net cash flow from operating actlvities
2024
2023
Nel &xpenditur6 for the period las per Statement of Financial Activriies)
(94,508)
(85, 599)
Adjustmonts for:
Depreciation charge8
Dividends, interests and rents from investments
Decrease/(increase) in stocks
Decrease in debtors
Increasel{decrease} in creditors
10,941
(28,055)
694
11.668
(12,112
13,379
{2G,227J
(478)
52
39,355
Not cash used in operating activities
{111,372)
(53,518)
Page 36

HELLENIC COMMUNITY.TRUST-;
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
21. Analysls of cash and cash equlvalents
2024
2023
Cash in hand
898,559
982, 326
Total cash and cash equivalents
898,569
982, 326
22. Analysis of changes In net debt
At1
January
2024 Cash flows
At31
December
2024
Cash al bank and in hand
982,326
{83,767}
898,559
982,326
(83,767)
898.559
Page 37

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
23.
Pension commltments
The company cperales a defined contribution pension scheme. The assets of the scheme are held
sèparately from those of the company in an independently administered fund. The pension cost charge
r8pres8nts contributions payable by the company lo the fund and amounted to £8,40612023 £8,204>.
Amounts totalling £1,864 {2023 £1,966) were payable to the fund al the balanc8 sheet date and are
included in creditors.
24. Operatlng lease commitments
At 31 December 2024 the Company had commitments to make future minimum lease payments under
non-cancellable operating leases as follows=
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
Later Ihan 5 years
26,500
106,000
424,000
26, 500
106, QOO
450,500
556,500
583, 000
25. Related party transactions
The Company has not entered into any related party Iran8action durtng the year, nor are there any
outstsnding balance8 owing be￿een related parties and the Company at 31 December 2024.
Page 38