GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2024 CHARITY NO: 1025414
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN Contents Page Trustees Information Trustees R8POrt Independent examiners report Statement of Flnancial Activltles Statement of Assets and Llabilities Notes to the accounts 7t09
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN TRUSTEE INFORMATION Trustees His Eminence Archbishop Nikitas Dr A D Andreou P Papanastasiou P Soterlou G Georglou A Mantilas P Antonlou
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN TRUSTEES REPORT FOR THE YEAR TO 31ST DECEMBER 2024 The Trustees The trustees who served the charity during the period are shown in the information section on page 2. Gharltable Objects and actlvltles The objects of the charity are to advance Ihe Greek Orthodox faith and education and to provide facilitiès in the interest of Ihe social welfare. for reGreation and leisur8 time activiti8S Wlth the aim of improving the condition of lif8 for the Greek Orthodox and olher Orthodox people. During this curr8nt y8ar the trustees worked to maintain the focus of the trust's activities as laid out in in ils objectives.. the provision of religious seNices for the local Orthodox community, thè anhancem6nt and understanding of the Greek Orthodox faith, the teachlng and promotlon of the Greek language, culture and ethos, by providing tuition to young people for their development as useful ¢itizèns of this country, the social, economic and moral support for mernbers of the community in need through th8 work of Ihe Ladies Auxiliary committee, for examp16 th8 provlslon of meals to old people, and visiting sick people in hospitals. Flnancl81 Actlvltles and results The results for the perlod are shown in the attached accounts. During the period the trust re¢elved donatlons of £94,90412023 £96,988). R8s8tve Pollcy The charitys pollcy In r81atlon to unrestricted resèrvès Is to malntaSn sufflclent resourc8S to ensure that th8 charity is able to continue with its work in the medium and long term. At the year end the balance of reseNes which represented unrestrlcted funds amounted to £739,294 (2023 £718,566). Following th6 grantlng of planing permlssion to bulld a CommunSty Cenlre the trustees have set up a restrlct8d fund dedicated to the new bulldlng. The balanc8 at the year end was £119,046 (2023 £113,324). Responslbllltl8s of tha trustees The Charities Act 2011 rèquires the trustees lo prepare accounts for each financial year which give a true and falr vlew of the Charltls flnanclal actlvltles during the year and of its financlal position at th8 8nd of the year. In preparing Ihose financial stataments, Ihe trustees are required to select suitable accounting polScles,as descrtbed on page 7, and then apply them on a consistent basis, maklng Judgements and estimates that are prudent and reasonable.The trustees may also prepare the flnanclal statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business. The trust66s are responsible for keeping propor accountlng records which disclose with reasonable accuracy at any time the financial posillon of Ihe charity and to enable th6m to ensure that the financial statements comply with the Charities Act 2011.The trustees are also responsible for safeguarding tho assets of the charSty and hence for taking reasonable steps for the prevention and detection of fraud and other Irr8gularilies. Prlnclpal Address The charltws principal address is located at: 69A Westow Street Upper NOood London SE19 3RW Approved by the council of trustees and signed on its behalf by . Dr A Andréou Trustee Date: Jtsl(o
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 31 st December 2024 which are set out on pages 5 to 9. Respa¢tlve responsibilities of trustees and examiner The charivs trustees are responsible for the preparation of the a¢¢ounts. The charity trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ( the Act l and that an ind8P8ndant 8xamination is need8d. It is my responsibility to: examln8 the accounts under sectlon 145 of th8 Charitys 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. Basls of Indapandant 8xamlnerf$ report My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of Ihe accounling records kept by the charity and a comparlson of the accounts presented with those r8cords. It also includ8s consid8ration of any unusual items or dlsclosures In the accounts, and s88king explanations from tha trust88S concerning any such matters. The procedures undertaken do not provide all the evidence that would be requlred in an audit. and subsequently no opinion is given as to whether the accounts present a 'true and fairf vlew and the report is limlted to those matters set out In the statement below. Independant examlnerf8 statement In connection with my examination, no matter has come to my attention: 1. which glves me reasonable cause to believe that in, any material respect, the trustees have not met the qUIrementS. to keep accounting r8cords in accordance with sectlon 130 of the Charities Act. and prepared accounts whlch accord with th8 accountlng records and comply wlth the accountlno requlrem8nts of thé Charity Act have not been met: or 2. lo which, in my opini the accounts to rea n, attention should be drawn in order to enable a proper understanding of es FAIA Accountant and Tax Advlsor 2 Paul Gardens Croydon Surrey CRO SQL Date:
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31ST DECEMBER 2024 2024 2023 notè INCOMING SOURCES Unreslrlcl8d Reslrfcled funds funds Total Unr8stricted Reslrlcled funds funds Total Donallons 94.904 95,673 1,315 96,988 Inve8trnènl Income 127 5,722 5,849 62 3.273 3,335 22,038 Other Incomè 20,424 20.424 22,038 Total Incomln9 Iiourcès 115,455 5,722 121.177 117,773 4.588 122,361 RESOURCES EXPENDED Charltable •xp•ndlturn Expondllure on charltsblo octlvlllg$ Total ro8ourc88 oxp•nd•d 94.727 94, 727 108.057 108,05T (94,7271 194.7271 1108,057} 1108,0571 Not Incomlng Ro•ourc 20,728 5.722 26.450 9,716 4,se8 14,304 Transfor4 b•two•n fund# Ngt mov•monts In fund• 20,728 5,722 28,450 9,716 4,588 14,304 Fund bolan¢• at 1 January 718,S66 113,324 831,890 708.850 108,736 817.586 Fund balan¢• at 31 D•c•mb•r 739.294 119.046 858,340 718.566 113,324 831,890 AJI Ihg above results arg derfved from ntInuIng *cliville8.
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST DECEMBER 2024 Notes 2024 2023 Flxed assets Tangible fixed assets 397,265 394,515 Current ass8t8 Debtors Cash at bank and in hand- restricted Cash at bank and In hand-unrestricted 4.256 119.046 341,976 465,278 4,600 113,324 323,201 441,125 Crodltors: amounts falllng due wlthln one year 3.750 Not GurT•nt assets 481,075 437,375 Total assets less currenl Ilabllltles 858,340 831,890 Net assets 858,340 831,890 Funds of tho charlty Unro8tri¢tèd Funds General funds Restrlcted fund8 New building fund 739,294 718,566 119,046 113,324 858,340 831,890 Approved by the trustees council on 2ts110ltsts- and signed on its behalf by: Mr G Georgiou - trust88 Dr A D Andreou - trustee
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2024 ACCOUNTING POLICIES Ba8ls of accountlng The flnanclal statement5 have been prepared under the hi5torlcal cost conventh)n and in accordance with A¢counting and RekM)rtlng by Charities Slat8ment ol Re¢om8ndeé Prdclice ISORPI and the Flnanclal Reporbng Standard applkabla in th8 Unll8d Klngdom and Rèpublic of Iraland IFRS1021 and th• Chèrilk88 Act 2011. Th8 prlnclpal ateaunting FX)li¢ies adopted In the preparotlon of tha finandal st8t8m8nt8 are as follows.. Incomlno M•ourcoa and re•oU8 expend•d Those are Includ•d In the Ststgment of Financlal Actfvitles on an accrual b881$. Fund accountlng lil Gèneral funds con818t ol re88rve8, whlch th• ehartty may v58 for Its puwJs89 at th8 trustag9' dlser8tlon. 1111 Re81rfcted funds are thos6 wh donor Imposed r88trlctlon$ on the use ol the funds whlch are legally blndlng. Income 8rf$lng on reslrtcted funds and expendlture Incurred ITh resp9Ct of th088 funds are rofleelad through thg Ststement of Flnanclal Actlvllle5 wlth any surpluse8 or dèflclls behg approprlated tolfrom rg8trl¢ted lund8. Tanglblg fix•d a•••ti T8nglble flxgd 888et6 are 81aled at cost net ol dapreclallon and any prov181on for Impalmient. Tho costs a580c18t8d th obtalnlng plannSng perm16sk)n for the proposod new bulldlng on the adInIn9 8lte are copltalSsed and Includad In treehold propertl88.. Depradallon has prov5dad al th• fe4brt9 ra188 In txder to wrlto off the 889•ts 0r thalr 88UmA19d u¥eful Ilvgs. Fr88hold proportles PLant and machln8ry 2fjA pèr annurn stralght Ilne 10% per annum slr8lght11no Tru•t••8' •xp•nI and r•mun•rntlon The trustee8 all glv& fr88ly thalr m0 pnd 8xpèrtl8e wllhoul gny form of rernrnunerallon or other b8Mfit8 In cA8h or klnd12021'. DonaUon¥ UnMtrl¢t•d RtrEet•d Fund• Fund* Total Funds Ufiro¥trlct•d R•Atrldgd Fund• Fund• Totsl 2024 2024 2024 2023 2023 2023 G6ner81 Donatlon8 95,673 1,315 Invo8trnont Income 2024 2024 2024 2023 2023 2023 Bank Inter861 127 5,722 5,849 5.849 3,273 3.335 Olhor Incomo 2024 2024 2024 2023 2023 2023 Income from Ladle8 auxllllary Income frorn Greek school Rertsl income 6,421 6,203 7,800 8,421 6,203 7,800 7,779 6,459 7,800 22,038 6.459 7.800 22,038 Pag8 7
GREEK ORTHODOX COMPIUNIIY OF ST CONSTANTINE & ST HELEN NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2024 Exp8ndltur• on ¢harttabl6 a¢tlvltl•8 2024 2023 Repalrs and malntsnanc* SalarS98 Donatlons for ch8rftable purpo5 Llght and heat Rant. ratas and wotar Insuranea Cand188 Telephon8 Prfnting.p08tsgg.staUongry 8nd 8dv8rtI81ng Cleanlng Bank Charges and Intor8st Ev8ntsnunclSons costs Sundry axpènsa8 Depr8cSalion 3,820 28,112 4,375 3,069 19,122 8,777 9,529 403 1,341 112 779 1.001 2.445 15.589 27,363 3.930 2.977 16.726 8.285 13.515 361 1,094 181 792 2.663 3,095 i i 11,842 94.727 11,488 108 057 Flx•d a8l•t8 plant and fr••hokl ma¢hln•ry proport1•8 Total Co•t At 1 January 2024 Addltlons Dlsposals At 31 Dec$mb•r 2024 71,115 801 573,812 13,791 844,927 14,S92 587 803 859519 D•pr•¢latlon Al 1 January 2024 Chargo for the year Dlsposal8 At 31 Dg¢embor 2024 68,829 387 181,783 11,475 250,412 11,842 193258 N•t book valu• At 31 Oecemb8r 2024 At 31 Decomber 2023 394,345 392 029 397 265 394 $15 The Ireehdd propertlg8 ora 8tat8d at cosL D•btorn 2024 2023 Oth•r dobtors and PTepayTh¢nts 4,256 4.800
GREEK ORTHODOX COMMUNITY OF ST CONSTANTINE & ST HELEN NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2024 Credltor8'. amounts falllno due wlthln ono year 2024 2023 Olher creditors and accruals 4,203 4,203 3,750 3,750 m0Ment In Fund• Bahncè at 1 January 2024 In¢trr• Exwndlturo Tran8f8r8 Bo1on¢6 al 31 Dacèrnbtsr 2024 UnM8trlet8d fundi G8n&ral re¥ervg8 718,S86 115,455 194.7271 739,294 Rg•trlctsd fund• New bulldlng fund 113,324 119,046 Total funds 831890 The G8ngral re89rvg8 comprfse8 th06e funds that thè Iru$t•o$ free to use In accordance wlth the charftable objects. Page 9