GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023 CHARITY NO: 1025414
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN Contents Pag8 Trustees Information Trustees Report Independent examiners report Statement of Financial Activities Statement of Assets and Liabilities Notes to the accounts 7t09
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN TRUSTEE INFORMATION Trustees His Erninen Archbishop Nikitas Dr A D Andreou P Papanastasiou P Soteriou G Georgiou A Mantilas (appointed 1.10.2024) P Antoniou (appointed 1.10.2024)
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN TRUSTEES REPORT FOR THE YEAR TO 31ST DECEMBER 2023 The Trustees The trustees who seNed the charity during the period are shown in the infonnation section on page 2. Charitable Objects and activitles The objects of the charity are to advance the Greek Orthodox faith and education and to provide facilities in th8 interest of the social welfare, for recreation and leisure time activities with the aim of improvlng the condition of life for Greek Orthodox and other Orthodox people. During this current year the trustees worked to maintain the focus of the trust's activities as laid out in in its objectives.. the provision of religious services for the local Orthodox community, the enhancement and understanding of the Greek Orthodox faith, the teaching and promotion of the Greek language, culture and ethos, by providing tuition to young people for their development as useful citizens of Ihis country, the social, economic and moral support for members of the community in need through the work of the Ladies Auxiliary committee, for example the provision of meals to old people, and visiting sick people in hospitals. Flnanclal Actlvftles and results The results for the period are shown in the attached accounts. During the perfod the trust recelved donations of £96,988 {2022 £82,025). Reserva Policy The charitls policy in relation to unrestricted reserves is to maintaln sufficlent resources to ensure that the charity is able to continue with its work in the medium and long term. At the y@ar end the balance of reseNes which represented unrestricted funds amounted to £718,566 (2022 £708,850). Following the granting of planing permission to build a Community Centre the trustees have set up restrlcted fund dedicatad to th8 new building. The balance at the year end was £113,324 (2022 £108,736). Responslbilltles of the trustees The Charities Act 2011 requires the trustees to prepare accounts for each financial year which give true and fair view of the Charitys financial activities during the year and of its financlal position at the end of the year. In preparing those financial ststements, the trustees are requlred to select suitable accounting policies.as described on page 7, and then apply tham on a consistent basis, making judgements and estimates that are prudent and reasonable.The trustees may also prepare the financial stalements on a going concern basis unless it Is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011.The trustees 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. Prfnclpal Addrnss The charity's principal address is located at.. 69A Westow Street Upper Norwood London SE19 3RW Approved by the council of trustees and signed on its behalf by '. Dr A Andreou Trustee Date: 27
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN I report on the accounts of the Trust for the year ended 31st Dember 2023 which are set out on pages 5 to 9. Respectlve responslbilltios of trusteos and examiner The charity's trustees are responsible for the preparation of the accounts. The charity trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ( the Act ) and that an independant examination is needed. It is my responsibility to.. - examine the accounts under section 145 of the Charity's Act., to follow the procedures laid down in the general Directions given by the Charity Commissions { under section 145 (5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. Basi8 of indep8ndant examiner's report My examination was carried out in accordance with 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and subsequently no opinion is given as to whether the accounts present a 'true 8nd fai¢ view and the report is limited to those matters set out in the statement below. Independant examinerfs 8tstement In connection with my examination, no matter has come to my attention.. 1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements: to keep accounting records in accordance with section 130 of the Charities Act; and prepared accounts which accord with the accounting records and comply with the accounting requirements of the Charity Act have not been met. or 2. to which, in my opinion, atte the awo ntst ached. tion should be drawn in order to enable a proper understanding of Mallourides AIA Accountant and Tax Advisor 2 Paul Gardens Croydon Surrey CRO SQL Date.. 71.1¥.2*
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31ST DECEMBER 2023 2023 2022 nots INCOMING SOURCES Unrestricted Restricted fvnds funds Total Unrestricted Reslri¢ted funds fvnds Total Donations 95.673 62 1.315 3.273 .988 3.335 82,025 288 82,025 325 Investment incom8 37 Other income 22.038 22,038 11.876 11,876 94,226 Total Incomlng sources 117,773 4.588 122.361 94,189 37 RESOURCES EXPENDED Charltable expendlture Exp8ndilure on charitable activi1188 Total rgsources expended 108.057 108,057 78,043 78,043 178,0431 1108,057) 1108,0571 178,0431 Net Incomlng Resources 9,716 4,588 14,304 16,146 37 16,183 Transfars botweèn funds Net mov8ments In funds 9,716 4,588 14,304 16,146 37 16,183 Fund balance at 1 January 708,850 108,736 817,586 692,704 108,699 801,403 Fund balance at 31 Docember 718,566 113,324 831,890 708,850 108,736 817,586 All th8 above results are derived from continulng aellvllies.
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST DECEMBER 2023 Notes 2023 2022 Flxed assets Tangible fixed assets 394,515 394,448 Current assets Debtors Cash at bank and in hand- restricted Cash at bank and in hand-unrestricted 4,600 113,324 323,201 441,125 3,560 108,736 314,920 427,216 Credltors: amounts falllng due wlthln one year (3,750) (4,078) Net current assets 437,375 423,138 Totsl assets le88 current liabllitios 831,890 817,586 Net assets 831,890 817,586 Funds of the charlty Unrestricted Funds General funds Restrlcted funds New building fund 718,566 708,850 113,324 108,736 831,890 817,586 Approved by the twstees council on lil i oltrT and signed on its behalf by: Dr A Andreou - trustee 6.0 6£ 67 Mr G Georgiou- tr stee
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023 ACCOUNTING POLICIES Basis of accountSng The financial statements have boen prepared undar th• historical c4)st o)nvention and in ran wf(h Account"ng and Reporting by Charitie5 - Statement of R8c(Nnended Practice ISORPI and the Finanaa1 Reports"ng Standard appli(xblè in the United lQ"ngdom and Republic of Ireland IFRS1021 and the Charities Act 2011. The principal a¢¢ounting Folicies alopted In the preparation of the finanryal statements are as fdhjws.. Incomlng rn8OurC Ind rnsources expgnd•d Thes& are induded In the Statement of FinanrAal Acti*itios an gCLrual basig. Fund accountlng lil Genèr81 funds 0)nsi$l of M$eryes, whlch Ihe charity may u88 for its purpos88 al the tru51ees' dls¢ralion. 1111 R8stricted fund$ 8r8 those with donor imposed re8tricUons on the use of the lunds which or& legally binding. Income ari8ing on re$tricted fiJnd3 and expenditure in¢uff8d In respect of tt)ose funds are reflected through the Statement of FInala1 fvLtivitl88 any 8urplLW lx deficAt8 belng approprkq18d tollrom restrlcted funds. T•nglbl8 flxod a$i•ts Tangible fixed assets 8re gtated al co$1 net of depreciation and any yovlslon for impalrment, Th& CO919 assoclated with obtsining planning permlssion for thg proposed new Wildiro on the adjoining srta ore capitsli8gd and includod In freehDj prwrtis.. Depreu8llon has been prded at tho folk)wlrrfJ rates in order to write t)ff the assets ovor Ih&lr estimalod useful lives. Freehold prop&eS PIBnt and rnachinery per annum slralght Ilne 10Q/D per annum Slrgight Ilne Donatlorn UnrnJtrl¢t•d R•8trlct•d Funds Fund8 Total Fund• Unre8trlct•d Rostrlctgd Funds Fund• Totsl Fund8 2023 2023 2023 2022 2022 2022 G8n8ral Donatlon8 95.673 1,315 96,988 82,025 82,025 Invg•tm•nt Incom• 2023 2023 2023 2022 2022 2022 Bank Inlergst 82 62 3,273 3,335 3.335 288 288 37 37 325 325 Othor Incomfr 2023 2023 2023 2022 2022 2022 Income from L8dlgs auxllliary Income trom Grgek school Rental Income 7,779 8,459 7,800 22,038 7,779 6,459 7,800 22.038 1.412 2.664 7,800 11,876 1,412 2,664 7,800 11.876 Page 7
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023 Expendlture on ¢harltabl• a¢tfvltleg 2023 2022 Repairs and maint8narKe Salaries Donafjons for tharitsble purposes ght and heat Rates and Water Insuranco Candles Telephone Printing,postage,slaUonery and advertislng Bank Charg98 a1 Interest Eventslfundlons costs Sundry expenses 08predatlon 15,589 27,363 3,930 2,977 16,726 8.285 13.515 361 1,094 792 2.663 3.095 11,486 108.057 2,768 25,248 6,915 1,998 18,045 7,448 1.921 479 1.104 100 11,084 Flxod •••ots plant and frnahold mttchln•ry propgrt1•8 Totsl Cost Al 1 January 2023 Addlllon8 Dlsposal8 At 31 Dwmter 2023 68,725 2,390 564,648 9,184 633.373 11,5Y 573812 D•pr•clatlon Al 1 J8nu8ry 2023 Charge for the year Dl$posal Al 31 December 2023 68,342 287 170.583 11.200 238,925 11,487 181783 250,412 N•t book valu• Al 31 Decembgr 2023 At 31 December 2022 392.029 394,515 383 The freghold properUe8 are ststed al c081. D•btorn 2023 2022 Other d&btors and propaymonts 4,600 4,800 3,560 3.560 Pa9e 8
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 ST DECEMBER 2023 Crndltors: amounts falllng du• wlthln one yèar 2023 2022 Other creditors 8rKI accwals 3,750 4,078 4.078 Movem•nt In Funds B818nca at 1 January 2023 B8tan¢e at 31 De¢embor 2023 Inra)me Eypendituro Transfgr8 Unrestrlctod lunds General reserve8 708.850 117.773 1108,057} 718,566 R•strlct•d funds Ngw buihjlng fund 108.736 4.588 113,324 Total lund• 817,586 122 361 108.057 831,890 Th8 Gèneral re8erv8s oomprises th08e fvnds that the Iruslee8 are free lo use In acc•Jrdanee wlth the charttablg objoots. Page 9