GREEK ARCHAEOLOGICAL COMMITTEE (UK)
ANNUAL REPORT AND ACCOUNTS
30TH SEPTEMBER, 2021
GREEK ARCHAEOLOGICAL COMMITTEE (UK)
ANNUAL REPORT AND ACCOUNTS
30TH SEPTEMBER, 2021
CONTENTS
| Page | |
|---|---|
| Charity Information | 1 |
| Report of the Council | 2-3 |
| Independent Examiner’s Report | 4 |
| Receipts and Payments Account - Accumulated Funds | 5 |
| Statement of Assets and Liabilities | 6 |
GREEK ARCHAEOLOGICAL COMMITTEE (UK)
CHARITY INFORMATION
COUNCIL
Dr. Z. Theodoropoulou-Polychroniadis – Chairman and Trustee Mrs S. Makris – Secretary and Trustee Professor P. Arvanitakis – Treasurer and Trustee Mrs C. Bijvoet-Mitropoulos – Trustee J.M. Carras – Assistant Treasurer and Trustee Professor C. Grammenos Professor I.S. Lemos – Trustee Mrs E. Leventis – Trustee Dr. D. Porphyrios
ASSISTANT SECRETARY
Mrs I. Kornaros – Trustee
CHARITY NUMBER
1013176
CHARITY OFFICE
The Hellenic Centre, 16-18 Paddington Street, London, W1U 5AS.
BANKERS
HSBC UK Bank PLC, London Bridge Branch, 28 Borough High Street, Southwark, London, SE1 1YB.
GREEK ARCHAEOLOGICAL COMMITTEE (UK)
ANNUAL REPORT OF THE MEMBERS OF THE COUNCIL
FOR THE YEAR ENDED 30TH SEPTEMBER, 2021
The Council presents its report and accounts for the year ended 30th September, 2021.
1. MANAGEMENT
The Members of the Council are listed on page 1.
2. CONSTITUTION, OBJECTS AND POLICIES
The charity was established by a Deed of Constitution adopted on 18th April, 1990 and amended on 13th July, 1992 which was approved by the Charity Commissioners on 24th July, 1992.
The charity is a non-political association established in order to assist the Greek Archaeological Society with such activities or funds as are available towards the discovery, collection, conservation, protection, restoration, repair and scholarly study of the monuments of antiquity in Greece and in Greek lands, including the Byzantine Christian monuments and all other monuments up to the time of the Greek War of Independence, the study of life in antiquity and research on Byzantine Medieval art and archaeology and the stimulation of interest in the fine arts and the propagation of knowledge of the history of ancient and later art.
3. ACTIVITIES AND FINANCIAL REVIEW
The accounts set out on pages 5 and 6 summarise the transactions of the charity during the year. Net receipts for the year amounted to £36,683.
4. PUBLIC BENEFIT
The Council referred to the Charity Commissioner’s general guidance on public benefit when reviewing its aims and objectives and planning future activities. In particular the Council considers how such activities will contribute to the aims and objectives it has set. The Council considers it has complied with its duty to have due regard to such guidance.
5. RISK MANAGEMENT
The Council assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that adequate systems are in place to mitigate any exposure to major risks.
GREEK ARCHAEOLOGICAL COMMITTEE (UK)
ANNUAL REPORT OF THE MEMBERS OF THE COUNCIL
FOR THE YEAR ENDED 30TH SEPTEMBER, 2021
6. RESERVES
The Council held cash at bank of £108,899, all of which was unrestricted funds. The funds are held to meet any unforeseen expenditure that may occur and to provide for future educational grants.
This report was approved by the Members of the Council on 23rd February, 2022 and is signed on behalf of them all.
Professor P. Arvanitakis
Treasurer
GREEK ARCHAEOLOGICAL COMMITTEE (UK)
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF
GREEK ARCHAEOLOGICAL COMMITTEE (UK)
Independent Examiner’s Report to the Trustees of Greek Archaeological Committee (UK)
I report to the trustees on my examination of the accounts of Greek Archaeological Committee (UK) (‘the charity’) for the year ended 30th September, 2021 which are set out on pages 5 and 6.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. 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 this 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 work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Phillip Roberts, FCA
23rd February, 2022
Roberts & Co., Chartered Accountants, 136 Kensington Church Street, London, W8 4BH.
GREEK ARCHAEOLOGICAL COMMITTEE (UK)
RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 30TH SEPTEMBER, 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| RECEIPTS | ||||
| Subscriptions | 5,026 | 4,740 | ||
| Donations | 70,163 | 35,307 | ||
| ______ | ______ | |||
| TOTAL RECEIPTS | 75,189 | 40,047 | ||
| PAYMENTS | ||||
| Direct charitable expenditure | ||||
| Educational grants | 35,360 | 51,544 | ||
| Lecture meetings and AGM | - | 2,576 | ||
| ______ | ______ | |||
| 35,360 | 54,120 | |||
| ______ | ______ | |||
| Other expenditure | ||||
| Printing, postage, stationery and advertising | 300 | 1,099 | ||
| Professional charges | 1,320 | 1,320 | ||
| Hellenic Centre | 250 | 250 | ||
| Bank charges | 865 | 600 | ||
| Travel and hospitality | 81 | 276 | ||
| Sundries including administration fee | 230 | 856 | ||
| Donation | 100 | - | ||
| _____ | _____ | |||
| 3,146 | 4,401 | |||
| _____ | _____ | |||
| TOTAL PAYMENTS | 38,506 | 58,521 | ||
| _ | ______ | |||
| NET RECEIPTS/(PAYMENTS) FOR THE YEAR | 36,683 | (18,474) | ||
| BANK BALANCES AT 30TH SEPTEMBER, 2020 | 72,216 | 90,690 | ||
| _ | ______ | |||
| BANK BALANCES AT 30TH SEPTEMBER, 2021 | £108,899 | £72,216 | ||
| _ | ______ |
GREEK ARCHAEOLOGICAL COMMITTEE (UK)
STATEMENT OF ASSETS AND LIABILITIES AS AT 30TH SEPTEMBER, 2021
| 2021 | 2020 | ||
|---|---|---|---|
| MONETARY ASSETS | |||
| Bank balances | £108,899 | £72,216 | |
| _ | ______ | ||
| ACCUMULATED FUNDS | |||
| Balance brought forward | 72,216 | 90,690 | |
| Net receipts/(payments) for the year | 36,683 | (18,474) | |
| _ | ______ | ||
| Balance carried forward | £108,899 | £72,216 | |
| _ | ______ | ||
| Dr. Z. Theodoropoulou-Polychroniadis | ) | Approved by the Members of | |
| ) Members of | the Council of the Greek | ||
| ) the Council | Archaeological Committee (UK) | ||
| ) | and signed on their behalf on | ||
| Professor P. Arvanitakis | ) | 23rd February, 2022. |
Approved by the Members of the Council of the Greek Archaeological Committee (UK) and signed on their behalf on 23rd February, 2022.