REPORT OFTHETRUSTEES AND FINANCIALSTATEMENTS FOR THEYEAR ENDED31-DECEMBER2023 FOR SAINT NICHOLAS GREEK ORTHODOX COMMUNITYTRUST SAINT NICHOLAS GREEK ORTHODOX COMMUNITY TRUST CONTENTS OF THE FIIYANCIAL STATEMENTS FOR THE YEAR EIYDED 31ST DECEMBER 2023 Page Trust Information Report of the Trustees Profit rdnd Loss Account Balanee Sheet Trustees Responsibilities Notes to the Financial Statements Report to the Aceountants SAINTNICHOLASGREEK ORTHODOXCOMMUNITYTRUST GENERAL INFORMAION FOR THEYEAR ENDED 31" DECEMBER2023 ADDRESS: Godolphln Road LondonW12 8JW ACCOUNTANTS: C. Charl88 & Co Ltd Chartered Certlfled Accountant8 105 Seven Slsters Road London N7 7QR Page 1 SAINTNICHOLAS GREEK ORTHODOX COMMUNITYTRUST FINANCIALSTATEMENTS FOR THEYEAR ENDED 31" DECEMBER2022 REPORTOFTHETRUSTEES FOR THEYEAR ENDED 31-DECEMBER2023 TheTru8tees present the flnancial statements of Saint Nicholas Greek Orthodox •t communltyTrust for the year ended 31 December 2023 whlch have been prepared In accordance wlth SORP"Accounting by CharltS8¥" LEGAL AND ADMINISTRATIVE Salnt Nl¢holas Greek Orthodox CommunltyTrust18 a regl8tered charlty under Reglstratlon number 1024869. S Trustee can b8 appointed by a resolutlon passed bythe exlstlng Board of Trust888. Names of Trustees and Reglst•red offlce are provlded on pag• one. OBJECTIVES The oblectlve3 of Salnt Nlcholas Greek Orthodox CommunltyTru8t are: To advan¢e the Greek Orthodox falth. To advance Publlc Educatlon To provlde fa¢llltlo8 In the Inter88t of 80clalwolfaro for recreatlon and lelsuretlm6 actlvltles wlth the object of Improvlng tho condltlon ot Ilfe for the Inhabltants of the London Borough ot Hamm•r8mlth and Eallng and It8 8nvlron8. Chalrman'8 Report, Revlew8 of Actlvltle8 and Flnanclal Posltlon The Trust has Incurred a 8urplu8 for the year of £49.666 and as a result unregtrlcted funds have been Increased by £49,666 at the Balance Sheet date. Tho Tru8tee8 aro pl8a8ed to report the contlnued success of the Tru8t In advanclngtho Greek Languag8 and Chrl8tlan Orthodox f8lth. A maln oblectlve tor the comlng yoar18 to contlnue wlth the game a¢tlvltle8 almlngto better result8. The Trustees belleve that the Trust's asset8 are avallable to fulfll fts obiigatlons. Accountants: C Charles and Co Llmlted were appolnted Accountant8 to the Charlty and resolutlon proposlngthelr re-appolntment wlll be put to the Annualgeneral Meetlng. y Order of the Board Professor Ellas Dlnenls- Secretary Page 2 SAINT NICHOLAS GREEKORTHODOXCOMMUNITYTRUST PROFIT AND LOSSACCOUNT FOR THEYEARENDED31-DECEMBER2023 2023 2022 Income Deposlt Interest Re¢elved Tax Refund 240.379 209.563 56 2.9TI 240,443 212,596 Expendlture Wages Leg8l Expenses Purcha86 of CandLe8 Donatlon3 Donatlon to Archdloe688 Donatlon to Patrlarchlo Receptlon Expenses Telephone Repalr8 and Renewals In8urance Cleanlng Sundry Expen808 Accountancy Lettlng AgentJ@ F888 CortlflcatO8 Rat88 and Water Llght and Heat Memorlal and Foa8t Expenses Flower8 Epltaph108 Clergy Pen81on Repalrs to Church Books and Magazlne8 Bank Charges Travelllng Expon888 Ront and Admlnlstratlon of School Depreclatlon: Flxture8 and Flttlngs Llc8nce Web 8lde 89,274 97,472 2,553 4,792 3,543 1,986 10,000 1,000 1,005 1.000 415 1,200 717 29,385 6,035 4,821 516 1.200 19.989 2,800 2,864 4,921 1,364 950 400 4,827 560 616 3,761 3,773 1,263 21,157 11,657 1,671 201 1,320 9,525 1,600 2,375 17,116 1,003 400 642 225 3,192 8,871 1,074 135 365 190.777 198,194 NEf PROFIT (LOSS) FOR THE YEAR 49,666 14.402 Page3 SAINTNICHOLAS GREEKORTHODOXCOMMUNITYTRUST BALANCE SHEET ASAT31-DECEMBER2023 2023 2022 Notes FIXED ASSETS TangibLe A88et8 1,712,364 1,713,438 CURRENT ASSETS Other Debtor8 Cash at Bank Cash In Hand Trust fund Loan to Church 6,887 122,230 310 1,000 116,218 10,461 131.626 310 1,000 48,373 246,645 191,770 CURRENT LIABILITIES Accrued Expen885 (5,033) (898) 241,612 190,872 1,953.976 1.904,310 FINANCED BY: RESERVES Revaluatlon R888rve 200,000 UNRESTRUCTED RESERVES 3 1,704.310 200,00 1,753,976 1.953,976 1,904,310 Approved bytheTrustee8 on 15 October 2024 and signed on thelr b8half by: Prot8880r Ellas Dlnanls {Secretary) Page 4 SAINT NICHOLAS GREEK ORTHODOXCOMMUNITYTRUST STATEMENT OFTRUSTEE'S RESPNSIBILITIES It Is the Trustees, responsibility to prepare flnanclal statements for each flnanclal year whlch give a true and fairvlewof the stste otaffairs of the Trust and of the surplus orthe deficit of the Trust for that period. In preparing those flnancial statements the Trustees are required to: S8l6¢t 8Ultabl8 accountlng pollcles and ten apply them conslstently Make Judgements and estimat68 that aro reasonable and prudent State whether appllcable accountlng 8tandard8 have been followed, subject to any materlal departur68 dlsclosed and explalned In the tlnanclal statements. Preparetheflnanclal ststem8nts on a golng concern bas18 unless It18 Inapproprfate to presumo that the trust wlllconténue In oporatlon. The Trustees are re8pon8lble tor keeplng proper accountlng record8, whl¢h d18cIo88 wlth reasonable accuracy at anytlme the Ilnanclal posltlon of the Trust and 8nable them to ensure that the flnanclal statements complywlth appllcable accountlng standards. They are al80 r8spon81ble for 8af8guardlng the a888t8 of theTru8t and henco for taklng roa80nable 8t8P8 tor the preventlon and detectlon of fraud and other Irregularltles. Page 5 SAINT NICHOLAS GREEK ORTHODOX COMMUNITYTRUST NOTES TO THE FINANCIAL STATEMENTS FOR THEYEARENDED31" DECEMBER2023 1. TANGIBLE ASSETS Freehold Property Flxtur88 & Flttlngs Totals COST: At 1" January 2023 £1,506,283 237.010 1.743,293 DEPRECIATION At 1•tJanuary2023 Charge tor the year 29,855 1.074 29,855 1,074 30,929 30,929 NET BOOK VALUE: At 31" December 2023 1,506,283 206,081 1.712,364 At 1•t January 2023 1506.283 207,155 1,713,438 2. REVALUATION RSERVE: 2023 2022 Revaluatlon Reserve 200,000 200,000 3. FUNDS 2023 1.704,310 49,666 2022 1.689,908 14.402 Balance blf Retalned Proflt8 for the year 1.753,976 1,704,310 Page 6 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31- DECEMBER 2023 ACCOUNTANT'S REPORTTO SAINTNICHOLASGREEKORTHODOX COMMUNITYTRUST A8 d08crlb8d on th8 Balance Sheet you are respon8lble for the preparatlon of the fln8nclal 8tatement8 for the year ended 31" December 2023 set out on pages three to slx and you con81d8r thatthe trust18 exempt from an audlt. In accordance wlth your In8tructlons, we havo complled these flnanclal statement8 In orderto 88818tyou to fulfll your re8ponslbllltl88, from the accountlng records and Informatlon and oxplanatlon8 8upplled to U8, 8 Octobor 2024 Page 7