REPORTOFTHETRUSTEES
AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER2024
FOR SAINT NICHOLAS GREEKORTHODOX COMMUNITYTRUST

SAINT NICHOLAS GREEK ORTHODOX COMMUNITYTRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THEYEARENDED31 DECEMBER2024
Page
Trust Information
Report of the Trustees
Proflt and Loss Account
Balance Sheet
Trusteas Responsibiliti88
Notes to the Financial Statements
Accountants, Report

SAINT NICHOLAS GREEK ORTHODOX COMMUNITYTRUST
GENERAL INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024
ADDRESS:
Godolphin Road
London W12 8JW
ACCOUNTANTS: C Charles & Co Ltd
Chartered Certified Accountants
105 Seven Sisters Road
London N7 7QR
Page 1

SAINT NICHOLAS GREEK ORTHODOX COMMUNITY TRUST
FIANANCILA STETMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER2D24
Th& Trustees present the flnanclal statements of Salnt Nlcholas Greek Orthodox
CommunityTrust for the year ended 31 December 2024 which have been prepared In
accordance wlth SORP"accounting and Charltles"
LEGAL AND ADMINISTRATIVE
Salnt Nlcholas Greek Orthodox communltyTrust 1$ a r8gl8tared charlty under
Regi$tr8tlon number 1024869
A Tru8te8 can be appolnted by a resolutlon pa$$ed by the Qxlstlng Board of
Trustèes.
Names of Tru8tee5 and Registered Off Ice are provlded on page one.
OBJECTIVES
The objectives of Salnt Nicholas Gree1( Orthodox Communlty Trust aro..
To advance the Greek Orthodox faith
To advance Publ1¢ Edu¢atlon
To provlde facllltle8 In the Interost of $oclal welfare for recreatlon and lelsure
time 8¢tlvltl08 wlth tha object of Improvlng the condltlon ot Ilfe f or th¢
Inhabltant8 of the London Borough ot Hammersmlth and Eallng and its envlron8.
Ch8lrman'9 Report, Revlew5 of Actlvlt105 and Flnunclal Posltlon
The Trust has Incurred a surplus for the year of £93,703 and as a result unrestrlcted
fund8
have been Increase by £93,703 at the Balance Sheei date.
The trustee5 are pleased to report Ihe contlnued success of tho Trust In advanclng the
Greek Language and Christlan Orthodox falth.
A maln obl octlve f or the ¢omlng year Is to contlnue wlth the same a¢tlvitle8 aiming to
better results.
The Tru3tee$ belleve that the Trust's assets are 8vhilab16 to f ulfil Its obiigatlons.
Accountants,. C Charles and Co Ltd were appolnted Accouiitants to tho ChEsrity and
resolution proposing thei r re-appoliitment wlll put to the Annual general moctlng.
By Order
f the Board
rotessoy
lias Dlnenl$ -secretary.
Pag2

SAINTNICHOLAS GREEKORTHODOXCOMMUNITYTRUST
PROFIT AND LOSSACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Income
Deposit Interest
Tax Refund
Donations
232,279
51
8,288
56,979
240,379
64
297,597
240,443
Expendlture:
Wages
Purchase of candles
Donatlons
Donatlon to Archdiocese
Donation to Patriarchio
Reception Expenses
Telephone
Repairs and Renewals
Insurance
Cleaning
Sundry Expenses
Accountancy
Lettlngs Agents fees
Certificates
Rates and Water
Light and Heat
Memorial and Feast Expenses
Clergy Pension
Repalrs Church
Books and Magazlnes
Bank Charges
Travelllng Expenses
Rent and Administration of School
Depreclation: Fixtures and Fittings
Llcence
Web Sode
Legal Fees
82,162
3,946
89,274
3,543
1,986
10,000
1,000
1,005
746
21,157
11,657
1,671
201
1,320
9,525
1,600
2,375
17,116
1,003
400
642
225
694
3,192
8,871
1,074
135
9,350
500
759
14,226
1,022
1,175
1,320
25,638
800
1,581
15,409
790
400
25,013
198
1,799
13,790
896
515
2,605
203,894
365 190,777
NET PROFIT FOR THE YEAR
93,703
49,666
Page 3

SAINT NICHOLAS GREEK ORTHODOX COMMUNITYE TRUST
BALANCE SHEET
ASAT31 DECEMBER2024
Notes
2024
2023
FIXED ASSETS
Tangible Assets
1,711,468
1,712,364
CURRENT ASSETS
Other Debtors
Cash at Bank
Cash In Hand
Trust Fund
Loan to Chur¢h
20,790
353,913
431
1,000
136,5711
6,887
122,230
310
1,000
116,218
339,563
246,645
CURRENT LIABILITIES
Accrued Expenses
13,352}
336,211
15,0331
241,612
2,047,679
1,953,976
%r¥7JEAI¥¥Z=
FINANCEO BY:
Reserves
200,000
1,847,679
200,000
1,753,978
UNRESTRICTED RESERVES 3
2,047,679
1,953,976
Approvod by th6 Trustees on 15 Octobor 2025 and signod on behalf by..
Protassor Ellas Dlnenis ISe¢ret8ryl
Page 4

SAINT NICHOLAS GREEK ORTHODOX COMMUNITYTRUST
STATEMENT OF TRUSTEE'S RESPONSIBILITIES
It is the Trustees, responsibility to prepare financial statements for each financial year
which give a true and fair view of the state of affairs of the Trust and of the surplus or the
deficit of the Trust for that period. In preparing those financial statements the Trustees are
required to:
Select suitable accountlng policies and then apply them consistently
Make judgements and estimates that are reasonable and prudent
State whether applicable accounting standards have been followed, subject to any
Material departures disclosed and explained in the financial statements.
Prepare the financial statements on a golng concern basis unless It Is inappropriate
to presume that the trust will continue in operation.
The Trustees are responsible for keeping proper accounting records, whlch dlsclose with
reasonable 8ccuraGy at any time the financlal positlon of the Trust and enable them to
ensure that the financial statements comply with applicable accountlng standards. They
are also responsible for safeguardlng the assets of the Trust and hence for taking
reasonable 8teps for the prevention and detection of fraud and other irregularities.
Page 5

SAINT NICHOLAS GREEK ORTHODOX COMMUNITYTRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED31 DECEMBER2024
1.TANGIBLE ASSETS
Freehold Property
Fixtures and Fittings
Total
COST
At 1 January 2024
1,506,283
237,010
1,743,293
DEPRECIATION
AT 1 January 2024
Charge for the year
30,929
896
30,929
896
31,825
31,825
NET BOOK VALUE
At 31 December 2024
1,506,283
205,185
1,711,468
At 1 January2024
1,506,283
206,081
1,712,364
2. REVALUATION RESERVE
Revaluation Reserve
2024
200,000
2023
200,000
2024
2023
3. FUNDS
Balance blf
Retained Profits for the year
1,753,976
93,703
1,704,310
49,666
1,847,679
1,753,976
Page 6

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTANT'S REPORTTO
SAINTNICHOLASGREEKORTHODOXCOMMUNITYTRUST
As described on the Balance Sheet you are responslble for the preparation of the financial
statements for the year ended 31 December 2024 set out on pages three to six and you
conslder that the trust is exempt from an audlt.
In accordanc8 Wlth your instructlons, we have compiled these flnancial statements In
order to assist you to fulfll your responsibilities, from the accounting records 8nd
information and explanations supplied to us.
10 October 2025
Page 7