REGISTERED CHARITY NUMBER: 1029145
SAINT PANTELEIMON GREEK ORTHODOX CHURCH
TRUSTEES. REPORT AND
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
Albury Associates Limited
Chartered A¢￿Un￿n1s & Statutory Auditor
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA13EX

SAINT PANTELEIPKJN GREEK ORTHODOX CHURCH
CONTENTS OF THE FINANCIAL STATEMENT8
FOR THE YEAR ENDED 31 JULY 2024
Page
Tru•t•M' R•port
1 to 8
Roport of the Indopondent Audltors
7 to 9
Statsment of Flnanclal Athlvltle8
10
statoment of Flnanalal Po8lllon
11
Nots8 to the Flnanclal Statemeni8
12 to 18

SAipif PApifELEIMON GREEK ORTHODOX CHLIRCH
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JULY 2024
Ttr￿ trustees present their report with ts financial statements of the ¢hty for the year ended 31 Juty 2024. The trusts88
have adopted th? proiisions of Accounting and Rw'ng by Charities: Statement of Recommended Practic8 applicablg to
charities preparing their acwunts in accordance *ith the FinarK?al ReportlNJ Starthrd applicabla in the UK 8nd Wblic of
Irela￿ {FRS 102) (effeth* 1 January 2019).
OBJECTIVES AND ACTivrriES
Objecllves and a¢tlvltl68
A summary of the objectives of the tharity are Set out in its 90￿MIng dowment as follchvs:
To preseThe arKI prop&3ate the Christian OrthcKlox Faitti aThl traditions as contain8d In Holy ScrIp￿re, as
pr8Ctised in the lrfe ofthe Church, as by the EoJmenical and Local Councils and as interpretsd.
Prese￿￿ and tsught by Great Chur¢* of Christ EuJmenical Pairi8rchate of Constantinople.
To preserve the original language of the New Testamenl in Diving ￿tsrshiP and in ts ecdesiastical life of tho
fathful. and to minister to the peO￿e through ￿lonICal seNices ¢c￿duded according to the Order of the Great
Church of Constsntlnople by onoi¥cal wie*. arKI thrr#Jgh serwms arnl thrO￿h catschlsm and Gred< lar#Juago
schools.
To e8tabli8h (*wr¢he8 for the of Triumj G(Ml sthools far the tea(*ing of Greek Orthodox
education.
To recelve htto the Orthodox fallh, all thoge freely deckle sincwdy desire to adopt the OrtIK¥Jox faith. and
to live in accordance ¥%ith its spintual and moral leathing.
To urwjertake philanthropic for tho bonefft of th￿8 need protection. assistsn(% and meth￿1 care. to
provide ft>r Mplfare of the P￿ and for thè burial of those Greek Orthodox vtho pass away WbthoLrt financial
means.
Tf* Salnl Ppffjtelelmon Greek Orthodox Community of Hamm Dlsthcis L8 comitted lo maklng *vrnhip and p8rl8h Ilfe
aCLes￿b]e lo as many people as wsstsle. In ￿nn1r￿j our acbwties, take into ￿reful consideration the Charfty
Commi881Th1'8 guidance on public tJen8fft. particulaty guidance relating to charities esiabltshed for tha advancomont of
retigion. Our aim 1$ to 3UPPQrt individuals in li¥in9 Out their failh as active members of our parish community.
ACHIEVEMEKf AND PERFORMANCE
The Chrl8llan Orthodox Falth and Trndhlon
In fulfilment of our flr8t four stated owlrrfes, Vespers *re hèld Sabjrday, *thile Matins and the Dlvina Liturgy took
place every Sunday. Additional ￿eekdaY ser*1￿ vwe ￿iduCted on the (east days of Saints and other slgnificant religl¢)u8
occworrs, commomorating the life of Christ Uie Virgin Mary. The chaiity has reMaIn￿ committed to providlng the
community opportuniti85 lor ￿￿[ShIP and gpirih*l gro￿1. as as education In the Greak Orthodox tradlllon and
laNJu89e.
Over the trhelvwonth period cowed ty ths iewl the charity hosted 18 thrlstenlTrJs. 16 fvn•r8b. and seven v￿lding8.
Charflablo actlvllla•
Chitdren from the age of attended the charivs school. vknid) (¥)erated M Friday aftemoons and Saturdays. To enhance
leaming. additional online cta8ses There held durirKJ the ￿eek, fo(xtsiNJ on Gra8k language, tradition. and cullure. Tho
curriculum also induded Greek dancing and Byzantirn thant, o￿ng a *elkrounded cultural education.
The Conmunty Hall is availabkn ts h￿e. generaliw ad(fftional Income to supi>ort the charitys activities. Additionally, tfh8
Sen¢or Citizens, Club meets every Thursday from 12'.00 to 14.30, woviJiThJ a wular r•o¢ial for oklar ff•mberg of the
communlty.
Phllanthropl¢ work
Members of the St Agatha Greek Orthc¥Jox Ladies &sterhood p￿Yed an acti%e ro￿ in supporting the cimnmunity by visiting
eklety and un**ll individuals in hospttab and care hcm85. During the Christmas priod, they also distributed fo(yJ and
svmets, with addltion81 food donations fr(xn parthK)ners delivered to elderfy arrfj vulnerable members of tho vJmmunity.
The Sisterhood took sp8¢ial care in docryab'r#J Ihe dwrth. partK%larly on Good Fiiday, at Easter. and durlrKJ major feast
days and celebrations. Their dedication ar￿ enthusiasm ￿￿ributed to the success arKI spiritual beauty of the
community's feast day events.
Pa9e 1

SAiiif PAiifELEIMON GREeK ORTHODOX CHURCH
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 JULY 2024
ACHIEVEMENT AND PERFORMANCE
Evonts
Sunday, 12th Novembor 2023: A hlstorlc and splrftually uplifting event took place at St Panteleimon's Church. where the
Divine Llturgy was celebrated by HIS Beatltude Archbishop Georgios of Cyprus, His Eminence Archbishop Nikitas of
Thyatelra aThd Great Bdlaln. Metropolitan Athanasios of Colonia. Bishop Maximos of Melitini, and Bishop lacovos of
Claudioupolis, alongside tsvelve priests and deacons. The gervice was attended by numerous distinguished guests and
faithlul from across the UK. Arthbi8hop Georgios. who previously Ser￿Ed as our parish priest from 1990 to 1992. vlslted
London for the first time following his enthronement and was hosted by our Community. The Liturgy was followed by a
communty lunch in the Hall. That evening, the 48th Annual Diftner and Dance of the charity took p18ce at a local restaurant,
attended by guests from parishes throughout Greater London and even as far as 8irmingh8m. Th18 exceptional event
honoured His Beati￿de and supported tha charity's lundraislng efforts toward repaying bts bank loan.
Sundayi 10th Docembar 2023: A Chrfgtrnas Dlnner w88 held at a local regtsurant to raise fvnds for the ¢h8rity.
Sunday. 17th Docombor 2023; A festl¥e Chrf3trnas Bazaar was held In the Community Hall, featurlng the singing of Greek
RomanlAn Chrfstr)ia8 (arols. 8180 in ald of fundraising.
Sunday. 218t January 2024: A free New YeaV8 lunch was offered to over 1(VJ pensioner8 in the Communlty Hall as part of
th8 charfty8 Outreach to eklerly members.
Frlday. 26th January 2024: A group of Scouis from Vkmbley visited our cfthjrch and attended an Infomallve talk on the
Greek orttr￿d0x Churc*.
Sunday. 4th February 2024.. A backgammon eompellllon arKI communlty*repared lunch vmre organl8gd, *ith all proceed8
dlrncted to the loan repayment fijnd.
8undayp 26th February 2024: Immediatety folkming the Dlvlne Lliurgy, a free communlty lunch was offered to all
part8hk*ner8, ¢ygan188d by the chwch ¢ommltte8.
Mondayi 25th March 2024: Our community had tho fK)nour of ￿PICorn1n9 Bishop Gregorfos of Megaoria (CypnJs),
calebrnted the Dlvho at our chuf¢h. A dlnner w8s held In the Cornmunlty Hall In his honour.
Thurnday. 28th March 2024: 8i81)op Gregorios visited the Sentor Cltizens, Club arKI delIve￿d a talk on the mongsteries of
Cypru8.
Sundayi 318t March 2024: B18hop Gregorf08 agaln celebrated the Drrflne Llturgy and later gave a second tall( about hls
dlocA98e durlng a gatherin9 tn the Communlty Hall.
Saturday. 20th Aprfl 2024: The Cholr of the School of By28ntine Mu81¢ of the Archdlocese of Thyateira ofKI Great Brit8ln
presented a beautifvl programme of Holy Week hymns, exploring th8 depth and meaning of this sa¢xed li￿rgIcal period. The
concert via8 followad by a complimentary community dinner.
P•lm Sundayi 28th Aprll 2024: A furKlraising fish and chip lunch wa8 held In the Cornrnunlty Hall.
Sunday. 14th July 2024: Another backgammon cxJmp8tition arKI lunch were org8ni88d, ￿1th proceeds again deditxted lo
repaying the communlty loan.
8undayi 218t July 2024: The charlty hosted its annual 8umm8r b8rf08cue. brlnging togeth8r members of all Ag8S.
Saturdayi 27th July 2024: His Emlnence Ar¢hbi$hop Nl<ltas vS$6tad our church for ts celebration of th8 Feast of St
Panteleimon. He was lolned by clergy Irom across the Archdiocese and presided over the ordination of Lleacon Demotrios to
th8 Pri8Sthood. The celebratlon concluded wSth a lestive dinner in honour of our Patron Sainl the Arc*bishop's fith
enthronemenl anniversary, and Fr Demetrios's ordination.
Page 2

SAINT PANTELEIMON GREEK ORTHODOX CHURCH
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 JULY 2024
ACHIEVEMENT AND PERFORMANCE
Rlsk Man•gement
Th8 Trustsas actively monitor and assess the risks facirwJ the charity and 8r8 confmlent that maintaining free reserves at th8
current levels, along annual reviews and intemal audit controls over key financial systsms, provides a suffiaent
safeguard against potential adverse condibons.
The invesbnent properties at 1*18 Imnkley Cl￿e Contlnued to b8 let to tenants. generating ￿nts1 Income for the
Community. Additionally, the St Panteleimon Playgroup continued to operate from the Communivs premises and Gontri￿ted
tthvards the operalional costs of the faCil￿1@S.
The interest rate on our charitvs bank loan stoc¥J at 8.75%. an all-tinie high. As of 31st July 2023. the *￿tstanding loan
balance was £515,727. We are pleaged to report that the loan vtss fvlly repatd on 1st October 2024, y￿th thè Np of
interest-free loans generously provided by six members of our ¢ommunlty. The bank had previously ¢onfimied that our
account vfiiuld be closed after 7th October 2024 due to a policy change ending servi¢es to charities
In an￿CIpatIOn of thls, the ¢harSty opened a nthv bank account with another institution in March 2IT24. Since May 2022, the
Trustees and Managing Commlttee had Implemented a targeted plan to reducè spendiro and make additional unscheduled
repayments. Tfds was supported by several succ8ssfvI fundraising ev￿ts, which are expectsd to continue into the future.
To ensure the loan ojuld be repaid in full, six members of our CLvnmunty agreed to prthide a combined irrterest-free loan of
£195.000. Fomal agreements were prepared and slgned, and all necessary due diligen￿ VAS carried OUL Thanks to this
generous support and the collective efforts of our communty. charity SU￿55￿11Y met its repayment Obl￿atIOns.
The Trustees and Managing Committee are deepty grateful to those who stepped foTh¥ard to help and r￿nain committed to
the tharitys long-tenn financial stsbility.
The Trustees have also reviewed oth8r op8rattonal risks that the charity may encounter and confim that appropriate system$
and procedures have established to mitigate these risks. These measures are documented aThl are subject to oroJoing
review to ensure their continued effectiveness.
FINANCIAL REVIEW
Reserves pollcy
It is the Wicy of the Trustees to maintsin Un￿strICted reserves at a pnjdent level to ensure the ongoing fulfilment of the
charitls objectives. The Trustees are confident that the charitls assets are both avaiEable and sufficient to meet the
Communitys current and frjffjseeable obligations.
STRUCTURE. GOVERNANCE AND MANAGEMEKr
Governlng document
Saint Pant8leimon Orthodox Community of HarTh and Districts was established In 1993.
Charws govwning document is a conslitution originally adopted on 24 October 1964 arnl amended on 17 October 1993.
Page 3

SAINT PANTELEIMON GREEK ORTHODOX CHURCH
TRUSTEES REPORT
FOR THE YEAR ENDED 31 JULY 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT
Appolnljnent of Communlty Board and Trustees
The Community Board fflembers are selected from aM￿g$t the members of the Communlty every 2 years. It is crynposed of
not less than 12 Greek Orthc¥lox Christians who are members of the Community. Of the 12. 8 are elecled by members of the
Community and 4 are thosen by the Archdior£se. Elections tske pla￿ on the seo)nd Sunday of Dec8mber. and those
elected serve for 2 years.
The Communty Board is the administrstional body of th8 Communlty. wtjose purpose ss to supeTVtse the Community affairs.
and to promote the aims of the Community. The Community Boa￿ offiaally convenes Ihe General Assembly of the
Community with the Priest in attendance. The Prestdenl of C¢Jnmunty Board is the chaiman of the G￿￿ra1 Assembly.
The Communlty Board admlnlsters the affairs of the Comrnunity vthith meets at least onca a month. It collects all monies of
the church and issues receipts for any sums entering the Treasury of the CommuiThty. All expenses are paid either by direct
debic BAC'S or through ts faster payments scheme. 1Othere BAC'S or faster payments thme payments are being set up,
the transaction is entered by one individual {usually the President) and approved by another (usually the Secretary). For a J
few cheque payments. these are signed by the President {or in their absence the WThPresident) and the Treasurer. The
Treasurer deposits all money paid to the Community at a Bank determined by the Community Board. Thè Treasurer keeps
the financial books. as well as a special t)ook for expenses and income.
The C*Jrnmunity Board may appoint committees from among its members {active committees are listed bglow):
(a) School Committee
(b) Memb&rship CommiLte6
(c) Arrangement Committee
(d) Social Affairn and Public Relations Committee
Tha Communty Board regulates all matters ￿1¢h a￿ not provtded for in the Constitution, a￿1 in general whatever
is in the intsregts of the Community. The Board has the right to undèrtake financial obligations beyond the provisions of the
annual budget, up to th8 limit fixgj by the General Assembly, but thts may only be done on￿. To use larger sums beyorKI the
limit, the Consent of th8 General AssemL4y is required.
Tha Community Board, togather with the head teacher. appoints thè teachèrs for the schcol of the Communlty from a Ilst
approved by the Central Board ofthe Archdiocese.
The Communty Board prepares the annu81 budw for the Community for each fiscal year, 1 January to 31 December. The
budget is submitted for approval to the General Assembty of the Comrnunty and a copy sent to the Archthocese.
Trustees are appointed by the General Assembly of the Communitss, after consultation Iwth the Arthi(Kese. The General
Assembly of the Comrnunty is a meeting of all members of the community.
Immovable property is registered accordiNJ to the law of England and Wales in the names of Trustses. All movable and
Immovable property is held in trust for the benefit of the Community. Trustees Trpresent the Cornmunty in matters relating to
its propety.
Trustees arn guided in the perfomance of their V￿rt¢ by Charity Regulations and by reference to th8 professional fim$
referred to on page 4.
Organlsatlon
As indicated al)ove the Community Board members are responsible for the managament and day to day operation of the
Communty. Trustees represent the Community in matters relating to its propety vith the c4Jjoctive of safeguarding the
Communtys interests.
REFERENCE AND ADMINISTrATive DETAILS
Reglsterod Charfty nurnbgr
1029145
Page 4

SAipif PANTELEIMON GREEK ORTHOI)OX CHURCH
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 JULY 2024
Prlnclpal address
660 Kenton Road
Harrow
Middlesex
HA3 9QN
Tru8tee8
Archbishop Nikitas ￿￿j11a$
milti￿a5 Papadakis
Mr Savvas Andreou
Dr Panayiotis A Procopi
Christakis OrthcAIoxou
lacovos (James> Neophytou
Anastasia Andfea Karseras
Or Theodora A Chrfst(
Community Board memi*rn".
Presldent
Wi￿ Preslaent
Vice President
Df Panayiotis Procopiou
Christakis Orth(xJoxou
Pdros Chistof
Dr Serafim Kiriakidis
lacovos {Jarnes) Neophytou
Treasurer
Member
Member
Member
Member
Member
Member
Panteli8 Demostsnous
Demetrios Xioutas
Demetrios Parpots
Audltor8
Albury Assoaates knmited
Chartered AccL*untants & Statthory A￿li10r
2nd Floor, One Hobbs House.
Harrovian Business Vwe
Bessborough Road
Harr¢Jw
Mlddlesex
HA13EX
Reglstsred Charlty Name
Saint Panielamon Greek Community of Harrow armd Districts
STATEMENT OF TRUSTEES. RESPONSIBILrriES
Tha trustees are responsible for twariThJ the T￿￿tees. Report arKI financial statements in accordanc8 *ryth applicable
law and United Kingdom A￿)Unting Standards {United KiThJd(Th Generalty AC￿pted Accounting Pra¢tic*) indudirKJ
Financial Repth'ng Starthrd 102 Yhe Fil￿al Rwbng StaThJard applicable in the UK and RePu￿tC of Irdan(r.
The law applicable to charthes in ErvJland aThd Wales, the Chaiitss Act 2011, CFority (Accounts arnl Reports) Regulations
2008 and the prnwsions of the tr￿t deed requires the tr￿S to p￿pare financial statements for each finarKial year which
. give a true and fair view of the state of affa'rs of ts chanty and of the incwing resources and applicatlon of resources.
including the incorne a￿1 expenditure. of the charity for that paiDJ. In weparirvJ those financial statsments. the trustees are
required to
select $￿tsb1e accoLmting policies and then aFpty them ￿nSisten￿,
observe the methc#Js and princip* in the Charity SORP;
make judgements and estimates that are reasoith and wudenL
prepare the financial ststements on going concem basis unless rt is inapFKowats to presum8 that the chanty ￿111
continue in busness.
Paje 5

SAINT PANTELEIMON GREEK ORTHODOX CHURCH
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 JULY 2024
STATEMENT OF TRUSTEES. RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disclose wth reasonable accuracy al any time the
financial position of the charity and to enable them to ensure that the financial slalemenls comply with the Charities Act 2011,
the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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.
Approved by order of the board of trustees on 27 May 2025 and signed on ils behalf by..
Dr Panayiolis A Procopiou - Trustee
Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
SAINf PANTELEIMON GREEK ORTHODOX CHURCH
Oplnlon
We have audited the financial ststements of Saint Panteleimon Greek Orthodox Church (the 'chaiiV) lor the year ended
31 July 2024 which c(Mnprise the Statement of Financial Activities, Ihe Statement of Financial Position and notes to the
financial ststements, including a sumrnary of significant accounting poliaes. The financial reporting fraMe￿Ork that has been
applied in their preparation 1$ appli¢8bb law and United Kingdom Accounting Stsndards {United Kingdom Ge￿ra[ty
Accepted Accounting Pra¢ti¢*), induding Financial Reporling Standard 102 'The Financial Reportlng Standard applicable in
the UK and Republic of Ireland,.
In our opinion th8 financial statements..
give a true and faw view of the stste of the thariws affairs as at 31 Juty 2024 and of Its incomng rnsources and
applicalion of resources, for th8 year then ended;
have been prop8rfy prepared in 8ccordance with United Kingdom Generally Accepted Accounting Practi￿, including
Financial Reporting Standard 102 The Finanoal Reporting Standard applicable in the UK and Republic of Ireland.: and
have been prepared in accordanc8 With the requirements ofthe Charities Act 2011.
Ba818 for oplnlon
We conduded our audit in accordance *fjth Intemattonal Standards on Authting {UK) (ISA8 (UK)) and applicable law. Our
responsibilities under those standards are further described in the Authtors, responsibilitles for the audit of the financtal
statements seciion of our report are independent of the charity in accordance with the ethical requirements that are
levant to our audit of the financial statements in the UK induding the FRCS Ethical Standard, and we hav8 fulfilled our
other ethical responsibifities in acLx¢rdance with these requirements. We believe that the altdit evidence ￿ have obtained is
sufficient and appr¢)priate to provide a basis for our opinion.
Conclu8ion• rèlallng to golng concern
In auditing the financtal statements, we have concluded that the trustees, use ofthe going concem basls of accounting in the
preparalion of the financial statements Is appropriate.
Based on the work have perfOrn￿d. ha* not idenllfted any materAI un￿rtaintieS relating to events OT Gonditions that.
indimdually or coSlectivety. may cast significant doubl on the chariws ability to continue as a going concem ￿ a period of at
least ￿e1ve months from vthen the finan¢ial ststsments are authorised for issu&
Our resporfjibilities and the responslbilittes of the trustees with fespect to going concern are desuibed in the relevant
sections of this reporL
Other Infomiallon
The trustees are responsible for the other infonnation. The olher infomation comprises the infomiation included in the
Annu81 Report, other than the financial statements and our Report ofthe Independent Auditors thereon.
Our opinion on th8 financlal ststemenls does not cover the other infomiats'on aThl, except to the extent otherwi$8 expliciuy
stated in our report, we do Mt express any fom of assurance conclusion thereon.
In connection with our audtt of the financial ststements, our resFonsibilty is to read the other infomiation and. in doirvJ 80.
consider wh8th8r the other infonnation is materially inconsistent Y￿th the financial statements or our knowledge obtained in
audit or 0th8Thvise appears to be matsrially misstated. If Klentify such material inconsistencies or apparent material
misstatements. we are required to detemine whether this gives rise to a material misstalement in the financial statsments
themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other
information, are required to report that fad We ha￿ nothing to report in this regard.
Matters on whl¢h wo are requlred to roport by oxcoptlon
We have nothing to report in respect of the following matter5 ￿ere the Charittes (Accounts and Reports) Regulations 2008
requires us to report to you if. in our opinion:
t￿ infomiation given in the Iwstees Report is inconsistent in any material respect ￿ryth the financial statsmnts. or
sufficient accounting records have not beon kept; or
the financial statements are Mt In 8gream8nt thè accounting records arm1 retums; or
e have not recelved all the infornation and explanatKins we r8quiTr for our audit.
Page 7

REPORT OF ThE INDEPENDEiif AUDITORS TO THE TRUSTEES OF
SAiTrif PANTELEIMON GREEK ORTHODOX CHURCH
Responslbllldes of trustees
As explained more fijlly in the Statamènt of Tntsteeg Respo￿lb￿1￿. trust88s are resportsible for the pT8pwal￿ of the
fin2naal ststements whrch gile a true and fair view, arKI for SLKh intemal contrd as the trustees determi￿ is necessary to
enable the preparakn'on of finarrial statements that are free from material misstatemenc vthetsr duè to fraud or error.
In preparing the finaniial statements, the trLLStees are responsible ￿ assessing the charitls abilty to continue as a going
con(*m, disclosing. as applicabie. matters related to going concem aThl usirvJ the goirvJ concem basts of ac£ounttng unless
the trustees either interKI to l¢quidate Ihe d￿rity orto ￿ase operations. or have no reafistic alternative but to do so.
Our re8ponslbllftle8 forthe audft of the financlal •tstaments
We hale been appointed as auditors under Section 144 of Charthes Ad 2011 and rem in accordance the Act and
relevant regulallons made or hawng effect Ihereuth.
Our objectives are to obtain reason￿￿ assuran￿ ab(Mrt whethw Ihe financial staknents as a ￿01& are free from material
misststernenl vthether due to fraud or error. to issue a Rep)rt of the Independent Audrtors that irtdudes our opinion.
Reasonable assuran￿ is a h￿h levd of assurance. bui is not a guafantee that an audit conducted in accordance with ISAS
{UK) viill always detect a material mi55tatement whèn it ex￿. Misstatements can artse fr(xn fraud or error and are
considered matsrial rf, iKlividualty or in the aggregate, they 0)￿¥ reasonabty t* experted to Influen￿ the econ(Mni¢
decisions of users taken on ts basis of these finaniial stat￿lents.
extent to vthich tyjr procalwes we capable of detectiThJ irre9￿arlI1es, irKluthng tra￿1 is delailed ￿1¢￿..
Identif￿d app￿cabI9 l**$ and regulations throwJh disaw1￿ *ith management comrnerraal knowI￿ge. and
sector exFerience.
Obtain•J an urKIerStar￿)ln9 of ts Wl aTrJ regulatory fra￿v￿rks. Chaiilres Act 2011. Charity SORP.
and UK financial rewrting standards issued by ts FinancAal Reporting Ctyjncil. as ￿11 as those impading financlal
ststeff*nt amounts, disc*)sures, heath aThJ safety. empk*ye8 matters. and bribery and ¢orrupOon.
Assessed ¢¢￿p[lance ty maknng iTr]uirtes, lnvcti￿ cOrre4X￿denc9. and rnaintsining vigilance for
n￿•0￿P11an￿.
Communicabj ilentsf*d la￿ and wulatiorts *ithin ts audii team and femained alert to Instan￿ of
nOn4Axnpli8n￿.
Assessed the susceptibilty of fi￿ncIal statements to matuial misstatemen( incI￿a￿1g fraud. by inquiring about
fraud susceplibilty, knvmedge ofacluaVswthJlalleg&Y fraud. and waluatirvJ intemal controb.
Addressed the risk of fra￿1 and management bvas thrO￿h anatytical procgJures. testi￿ iownal ￿trieS, assessing
acc(￿nting eslimatss for PO￿tial bias. arKI inlwtigating swJnificanVunusual transactions.
Designed pmcedures to address the risk of ifregulafilies and nOn&￿npl1an￿, induding veiifyirKJ financial statement
disdc6ures. reading govemance meeting Minutes. 1r￿Ulnn9 about liligalionlclawns, and revtewing (xrrespondenc£
rebvant authofities.
Inquired about kn￿rtn instances or swKiorB of noThvcthnplian¢e *ith laws and regU￿b.On$.
Re￿gnIsed limitations in detects'ng nOn￿￿n¢* unrekled to finanaat stat￿ents and higher risk in det8cling
fraud due to deliberate coy1w￿.
There are inherent limitatDns in our audit procedures desalb￿l The more that laws and regulati￿$ are from
finanaal transaclions. the likely it is that we w￿jId become aware of non-complianc*. Auditing standards also limti the
audit procedures required to identify n0nwc0mpSan￿ ￿1th I￿5 and regulalions to enquiry of the directots and other
management and the inspection of regulat￿ aTrJ legal c4)rrewdw)ce. rf any.
Materiai misstatements that aiise due to fraJd ¢xn b8 harder to detect than those that aw from error as they may imlve
deliberate Cortsalment or collusTron.
A further desuipkn of tyjf responsbilities for the authi of financial Stat￿nents is located ￿ the Finandal Rep)rting
Council's vmbsite at vM¥.frocrfg.uklaLwjtkn¥esp￿slb1lltie& This desuption 1￿mS part of our Report of the Independent
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
SAINT PANTELEIMON GREEK ORTHODOX CHURCH
Use of our report
This report is madè solely lo the charity's t￿Stees. as a body, in accordance with Part 4 of the Charities (Accounts and
Reports} Regulations 2008. Our audit work has been undertaken so that we might state to the charity's Iruslees those mallers
we are required to slate to them in an auditors, report and for no other purpose To the ftjllesl extent pemiitted by law. we do
not accept or assume responsibility lo anyone other than the charity and thé charity's trustees as a body, for our audit work,
for this report, or for the opinions we have formed.
ssocia
Limited
Chartered Accountants & Slalulory Auditor
2nd Floor, One Hobbs House,
Harrovian Business Village
8essborou9h Road
Harrow
Middlesex
HA13EX
27 May 2025
Kiran Patel BA BFP FCA (Senior Slalulory Auditor)
Page 9

SAINT PANTELEIMON GREEK ORTHODOX CHURCH
STATEMENT OF FINANCIAL ACTivmES
FOR THE YEAR ENDED 31 JULY 2024
2024
Total
fund•
2023
Unrnstriciwj Restricted
nd
INCOME AND ENDOWMEKfs FROM
Donations and Woes
229A69
229.569
174.130
Other trading acbvitss
In￿$￿￿ent income
53,437
53,437
103.946
29,472
85,553
103,946
Tot•1
283,006
103,946
386,952
289.155
EXPENDITURE ON
Raising funds
1.826
Charftsble a¢tlvltlo•
Support costs
Churth and pastoral acbifjt
Sthool and educational acti1￿118$
Other tr8dlng 8ctsvftle8
100,483
38,383
6.400
100,483
38,383
6,400
31,832
129,788
38.408
5,356
39.876
31,832
Other
101,233
(101.233>
T¢)tal
289,743
169,401)
220A42
215,234
Net galnW(10$8es) on inveslnwnts
(9,000)
(9,000)
NET INCOMEIIEXPENDITURE)
16.73n
164,347
167.610
107,921
RECONCIUATION OF FUNDS
Total fvnds brought for¥Ard
367.763
4,929.859
6397.622
5.189,701
TOTAL FUND8 CARRIED FORWARD
361,026
8.094.208
6M66,232
5.297,622
nokns foTh part of these finantaal 8latsments
Page 10

SAINT PANTELEIMON GREEK ORTHODOX CHURCH
STATEMENT OF FINANCIAL POSITION
31 JULY 2024
2024
Total
funds
2023
Total
funds
un￿strICted
fund
Restrcted
funds
Notes
FIXED ASSETS
Tangible assets
Investment propety
314.716
3,272,897
2,124,000
3.587.613
2,124.000
3,624,322
2,133,000
314,716
5.396.897
5,711,613
5,757,322
CURRENT ASSETS
Debtors
Cash at bank and in hand
12,188
51,097
12,188
51,097
20,140
48.857
63,285
63,285
68,997
CREDITORS
Amounts falling due within one year
10
116.975
{117,691)
(134,6661
156,0981
NET CURRENT ASSETS
46.310
1117,691)
{71,3811
12,899
TOTAL ASSETS LESS CURRENT LIABILITIES
361,026
5.279.206
5,640,232
5.770.221
CREDITORS
Amounts falling due after more than one year
11
{185.000)
(185,0001
{472.5991
NET ASSETS
361.026
5.094,206
5,455.232
5.297,622
FUNDS
Unrestricted fvnds
Restricted fvnds
14
361,026
5.094,206
3S7,763
4,929,859
TOTAL FUNDS
5,455,232
5,297,622
The financial ststements were approved by the Board of Trustees and authorised for issue on 27 May 2025 and were signed
on its behalf by..
fVJ,
Dr Panayiotis A Procopiou- Trustee
The notes fomi part of these financial statements
Page 11

SAINT PANTELEIMON GREEK ORThODOX CHiNiCH
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 JULY 2024
ACCOUNTING PWCIES
8a818 of preparlng tho flnanclal Statem
The finanaal statements of the charity. is a pubtsc benefit entity undef FRS 102, have been prepared In
accordanc8 V￿th the Charities SORP IFRS 1021 'Accounting arxl Repoiting by Charities.. Statement of Reeornmended
Practi￿ applicable to charit¢es preparing their accounts in accordanc4 v￿th the Financial Reporbng Stsrtdard
applicable Ni UK and Republic ol Irdand (FRS 102) {8ffective 1 January 2019),, Financial Raporting Slandard 102
'The Financial ReportirvJ Star¥Jard applicable in the UK and Repubh'c of ITel￿d and the Charities Act 2011. The
financial statements have been prepared under historical cost cOn￿ntion. as rrKldi￿d by the revaluation of
certain assets.
Incom•
All Incorne is reo)gnised in the Staternent of Financial Ac*vitieg On[￿ the charity has entitlement to the fund4 It 18
probable that the income ￿111 be received and the ￿Ourt can be measured foliably.
Expendlturn
Liabilities are rocognL8eil as expen(ffture as soon as Ihere is a18gal or conStr￿tr￿ 0￿198160n commltting ts tharity
to that expendsture. it is probable that a trartsfer of ecor*)mic benèfrts will bo requirwj in $8tt18m8nt and the amount of
th8 obligation can be measurfyj rdiabty. Expe￿￿tUre is ￿coUnted for on an accruab basis and has bèen dasgified
under h8adings that aggregate all cost related to the Ca￿3(￿y. Whère costs cannot be dire￿ attributsd to particular
headings they havo been alk)c4bJ to actbvibes on a ba￿$ consistent vith the use of re80urces.
T•nglble fix￿ a18•t•
Depreciation is provMJed at ts follo￿ing annual rats6 In ￿der lo wrttè off each asset Owjr ils •$lmated useful Ilfo.
Fre8hokl yopety
FlxbJre8 and fittings
stra￿ht ltr* over 1￿ years
25% on reducing balance
Invo8tmont proporlle•
Investment properties 8re sh(y*m at most ￿ent valuation. Any aggregate surplus w defldt atslng frcffi chang8s In
falr value are rwnised in the Stat￿ent of Financygl Athities.
Taxatlon
The charlty is exempt from tax on its charitablo actI￿lies.
Fund accountlng
Unrestrithd fund8 can be u8ed Sn al￿dan￿ *4th the charitable obJ"ecipMs at Ihe dlsrTrt•on of the trustee8.
Re8trithd funds can th te used for partiwlar restricted purw within Ihe objects of the charlty. RostrkUon8
arlso vthan spe¢tfied by the donor or fwKls arn rai8ed for particyJJ8r re*ricba puw.
Further explanalion of the nature 8NI purw of each is induded In the notes to the financial statem￿ts.
Hlrn pU￿h•S0 and l•a•lng commltmonl•
Rèntals paid under opwating loases are ch8rg8d to the Statam•nt of Finan(ial A(liNilw on a $tra*ht Ilne basls over
the perlod of the leose.
Pon8lon co8ts and other post4etlremont bonefft•
charlty operates g defined contnbution pension scheme. Contribuknons pay8ble to ts charltys ￿r￿{on sctr*me
are charged to the Statement of FinarKial Activthes in the to vthich they relats.
Page 12

SAiiif PAp¥fELEIMON GREEK ORTHODOX CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continuod
FOR THE YEAR ENDED 31 JULY 2024
OTHER TrADING ACTIVITIES
2024
2023
FuTrdratsing activitt88
53.437
29,472
INVESTMENT INCOME
2024
2023
Rents rec8iNed
103,946
85,553
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other b8neffts for the year ended 31 July 2024 nor for the year ended
31 July 2023.
Trustee8' oxpenses
TfEre no trustees. expenses paid for the ￿ar ended 31 July 2024 nor for the year ended 31 Juty 2023.
STAFF COSTS
The average Monthly numbèr of employees during the yaar vfas as follov•B:
2024
2023
Priest
Administraiion stsff
No employees received emoluments in excess of£60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
funds
Totsl
funds
INCOME AND ENDOWNENTS FROM
Donations and legacies
174,130
174.130
other tradfftg activitles
Invesbment income
29,472
29.472
85.553
85,553
Total
203,602
85,563
289,155
EXPENDITURE ON
Raising funds
1,826
1.826
Charllable acllvltles
Support Costs
Church and pastoral activitvas
School and eduGational activities
Other trading activities
129,768
38,40B
5,356
129.768
38.408
5,356
39,876
39,876
Other
33,920
(33,9201
Total
209.278
5,956
215,234
Page 13

SAINf PAKfELEIMON GREEK ORTHODOX CHURCH
NOTES TO THE FINANCIAL sTATEMEp￿ - eonllnu
FOR THE YEAR ENDED 31 JULY 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES - conllnued
Unr8stricled
fund
Reslricted
funds
Total
fijnds
Net g41￿5 on in¥Estments
34,000
34.000
NEf INCOMEI(EXPENDITURE)
(5.876)
113,597
107,921
RECONCIUATION OF FUNDS
Trtal furkts brought foThArd
373.439
4.816.262
5.189.701
TOTAL FUNDS CARRIED FORWARD
367.763
4.929.&59
5.297.622
TANGIBLE FIXED A8SETS
IMprov￿ents
to
Fixtures
and
fftts'ThJs
Freehold
Totals
COST
At 1 August 2023
Addittor
3,926,929
41,$22
4278.404
4,290
At31 Juty 2024
3.926,929
45.812
4,282.694
DEPRECIATION
At 1 August 2023
Charge for year
614,763
39,269
319
1,730
664,082
40,999
At31 July 2024
664,032
41.049
695,081
NET BOOK VALUE
At 31 July 2024
3371897
4,763
3.687.613
At 31 Juty 2023
3.312,166
309.953
2,203
3,624,322
INVESTMENT PROPERTY
FAIR VALUE
At 1 August 2023
Revaluation
1133,000
(9,000)
At 31 JU￿ 2024
1124,000
NET BOOK VALUE
At 31 July 2024
1124,000
At 31 Juty 2￿3
2,133,000
Page 14

SAINT PANTELEIMON GREEK ORTHOOOX CHURCH
NOTES TO THE FINANCIAL STATEMENTS - eontlnued
FOR THE YEAR ENDED 31 JULY 2024
INVESTMENT PROPERTY - contlnu
Fair value at 31 July 2024 represented by.
Valuation in 2019
Valuation in 2022
Valuallon in 2023
Valuation in 2024
1,725.000
374,000
34000
{9.000)
2,124,000
DEBTORS: AMouKfs FALLING DUE WITHIN ONE YEAR
2024
2￿23
Trade deblors
Other debtors
Prepayments
5.665
7,383
7.092
5,568
6,620
11188
20,140
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Bank loars and overdrafts Is88 note 12)
Tr8de creditots
Taxation and so(aal security
Otrk9r creditors
117,690
11,299
42,708
6,382
5,677
6,407
134,666
56,098
11.
CREDrroRS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
2024
2023
Bank loans {see note 12)
Otr￿r creditors
472.599
185,000
186,000
472.599
11
LOANS
An analysis of th8 maturity of loans is given below.
2024
2023
Amounts falling due wthin one ￿ar on demand:
Bank loans
117,690
42,708
Amounts falling be￿88n one and years:
Bank loans- 1-2 years
4n,599
Amounts falling dl￿ in more than fve years:
Repayable by instalments..
Other loans more 5yrs instal
185,OIXI
Page15

SAINT PANTELEIMON GREEK ORTHODOX CHURCH
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 JULY 2024
13.
SECURED DEBTS
following seojred debts are included wthin creditors:
2024
2023
Bank loans
117,690
515.307
The bank loan Es seujred against the freehold propety.
MOVEMENT IN FUNDS
Net
movem?￿1
in funds
At 118123
31nr24
Unrestrlctsd funds
General fund
367,763
{6,737)
361,0
Re8trl¢tsd fund8
St Panteleimon Church
Revaluation Reserv8
4,621.869
408.000
672.347
(408,000)
5,094,206
4,929.859
164347
5,094206
TOTAL FUNDS
6,297.622
157,610
5A55.232
Net movement in fvnds, induded in th8 above are as follows:
Incoming
resources
Resources
expended
Gains and
Movement
in funds
Unro8trlctsd fund8
General fund
283,006
{289,743)
16,n7)
R•8trlctod fund8
St Panteleimon Chuwth
Revaluation Reserve
103,946
468,401
(399.000>
672,347
1408,000)
19,000)
103,946
69,401
(9,000)
164,347
TOTAL FUNDS
386,952
{220,342>
{9,IXIO)
157,610
Page 16

SAINT PANTELEif•lON GREEK ORTHODOX CHURCH
NOTES TO THE FINANaAL STATEMENTS - contlnuod
FOR THE YEAR ENDED 31 JULY 2024
MOVEMENT IN FUNDS- contlnued
CornparatlveB for movement In fund8
movement
I funds
At
31nr23
At 118122
Unre8trlctod fund8
Genwal fund
373.439
(5,676)
367.763
Regtrfcted funds
St Panteleimon Church
Revaluation Reservg
4,442.262
374.000
487,597
(374,OiJo)
4.929.859
4,816,262
113,597
4,929,859
TOTAL FUNDS
5,189,701
107.921
5,297.622
Comparatr48 net M0￿ment in funds, induded in the above are as follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrn8trlcted fund8
Gengral fund
203,602
(209,278)
15,676>
R08trlctod funds
St Panteleimon Church
Ravalualion Reserv8
85,553
402,044
(408,000)
487,597
(374,000)
34,OCM)
85,553
15,956)
34,000
113.597
TOTAL FUNDS
289.155
(215,234)
34.000
107.921
A current year 12 months and prior year 12 ffl￿th$ cornbined position is as follows..
Net
movement
in funds
At
31nr24
At 118122
Unrestrlctod funds
Genwal fund
373.439
{12.413)
381.026
Restrlctsd fund8
st Pantelamon Church
Rev8luation Reserve
4,442.262
374.000
1,059,944
(782,000)
5.502.206
(408,000)
4,816,262
277.944
5.094,208
TOTAL FUNDS
5,189,701
265.531
5.455,232
Page 17

SAiiif PANTELEIMON GREEK ORTHODOX CHURCH
NOTES TO THE FINANCIAL STATEvEpifs - condnugd
FOR THE YEAR ENDED 31 JULY 2024
14.
MOVEMENT IN FUNDS - conllnuod
A current 12 rnonttk8 and wior year 12 M￿th5 net movWn￿t In f￿d5, induded in the above are as
follo￿.
Ino)ming
RescAJrces
Gains and
1055es
Movement
in funds
Unmtrlcted fund•
General fund
{499,021}
{12.413)
R08tr1cted fund8
St Pantoleimon Church
Revaluation Resep
189.499
870,445
(807,000)
1,059,944
(782,000)
25,000
189.499
63.445
25.000
277.944
TOTAL FUNDS
676,107
{435.57e)
25,000
2e5.531
15.
RELATED PARTY DISCLOSURES
There we no related paty tran8adion8 lor the year erKled 31 July 2024.
Paje 18