Charity ftUmr. 1tM0908 ST ATHANASIOS CAMBRIDGE UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
ST ATHAIIA8IOS CAIIBRIDGE CONTENTS Page Reference and admini8tr4tive detsils ofthe Charity. its Tnwteu and adviser Tnte¢s, rèport Independènt examinerfs report ststoment of financial activltios Balanc• sheet Notrg to thè financial statements 8-18
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. Irs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022 Trnst••s Archbishop Nikrtas knoulias. Chair lappointÈd 16 January 20221 Rev. Costakn"s Amdreou GaribaldiTh)s (appointed 16 January 2022) Andreas Socratous Constrntinides {apwinted 24 August 2021) George Gregory Pippas {apinted 24 August 2021) Nictsjlas Demtss Hwris (appointed 24 Marth 20111 Charity rngistwed numb•r Princlpal offk• 154 Chery Hlnton Road Cambridge CB17 Page 1
TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2Q22 The Trusteès presenl their annual report together vrith thè finanrAal ststements of thè Graek Orthodox Ctsrnmunrty of St Athanasios Cambridge for the year 1 January 2022 to 31 Dtrmber 2022. Objectlv¢s and actlvities a Policies and obiectiv•s In setting objethes and planning for acbwties, the Trustees hava gwen due eonsidèration to gèneral guidance published by the Charity Commiss)n rdating to pU1C benefit. indLKling Ihe guidanee 'PUbl bènefft.. running charity IP821'. b. Maln actlvities undertaken to fUrtrth Charfws purposes for the public beft•fft The activities of the Charrty ts Ihal of a0aMj the Chrislian Orthodox faith. Greek Language, Ciwlisation. ideals and public education. To wowde filities in the Inte5t of social welfa for recreation and leisure time activrties wrth the obieL# of improvrng the condrtion of the life of the parishionèrs of Cambridgè and the surrounding districts. Achi•v•rnents and p8rfomvnc• a. Main a¢hi•v•m•nts of thè Charity The Chanty provKJes ¢hurch seryices and a Gred( S1. togethervrith faoirbes for thè elderly. Finanei¥l rnview a. Going conc•m After making apprtspriatè enquiries, the TnJstees have a reasonabl8 exFe(Xation that the Charity has adequate resources to continue in operational existenee for Ihe foreseeable fLrtLEre. For this teason. thèy conth.nue to adopt the going concem basis in Pfeparing the financial staternents. Further delails regarding the adoption of the going conc£m basis (an found in the antirj poe$. Strneture. gOv•m•• and manag8fflent a. Constitution St Athanasios Cambrrdge is a registered number 10409)8. and is ¢xJnstituted undèr a Trust dèed. b. Mthods of appointm•nt or •lectlon of Trust The management Charity is the Tesponsibihty of the Trustees who are dected and ¢Wed undw the ternis of the Trust deed. Membèrs. Ilabilty The Mèmbers of the Chaiity guarantee to rn1"bUte an amtsunt not exceeding £110 the assets of tt)e Charity in the event of winding up. Pa2
ST ATHANASIOS CAMBRIDGE TRUSTEES. REPORT ICONTINUEDI FOR ThE YEAR ENDED 31 DECEMBER 2022 The Tr[eeS ar• re5pongble lor weparing th• Trusl¢gs' rewrt aThJ the statements in accordance wil Practic•l. •ch financial sear whKh a tnje and lair viv of Ihe slate of affairs of the Charity and of its incoming resoureos 4nd applicats.on of resourres. inthdry its irK(Th grKI that per. In weparing thesg Imn31 51atements, the Twstse5 are wuwed to.. select sur•bkn agyJJnting 8j Ih8n 4pptythem eonswnty. ¢Jbserve the methods and prinC¥pS ofthe Chanls SORP IFRS 1021,. makg judgments and accounbng stim8tes Ihat are reasonabkn and prtthnt: stste whether applicable UK Arywnty"ng Stsndards IFRS 1021 be f0lkThV. subi•ct to any matenal departures disdosed and expkined in the finarrial ststements,. prepare the financial statements <)n Ihe gtiiThJ ¢x)ncem ti• w41eBs il is inappropriate to pre8um• thAt th8 Chaity wiu continue in twjwrw Trustees arn responslt4e for kgepirwJ adequ8ie accountiNJ records that sufficient to show and explain th• Chartls transactions and disdose ieasonat4e acujratry ai any trme the financial position of Ihe Chaiity an¢1 enable thern to ensure that the finanu81 51atements cornply wAth the Charities Act 2011, the Charity [AoUnts an¢J Reports) RegulaIn$ 2008 and Ihe kKW5ions of th8 Trust ¢Jee(l. They a• also responsible for safeguèrdirrtJ the assets ofthg ChaTlty8nd frx rfrasonabb steps for the prevent*)n and dfrtèction of pyob•J by LYd•rof the memkn oltr• ofTnth on 24 July2Q4 ar wi•J on thelr beh411 ty. .. f/fffj7
ST ATHANASTh CAIABRIDGE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENOED 310ECEMBER 2022 Independent Exab1nrj Report to th• Tnot¢es of St Alhana¥ios Cambridge llhe Charlty} I report to the charity Trustees on my examinatKJn of the counts of thè Charity for thè year ended 31 December 2022. Responsibilili•s and Basis of Report As the Tnjstees ol the Charity you arè responsible for the preparation of the acyxunts in aCrdanCe wth the requirements ofth• Charrbes A(# 2011 (the 2011 Arf). I report in resped of my examination of the Chantys ac£tsunts carried out under section 145 ofthe 2011 Act and in rrying out my examination I have followed the applicab Direclions gtven by the Charity Commission under section 14515llb} of the 2011 Act. Indèp•ndent Examin•rfs Ststsm?nt yT attention is drawn to the fad that the Charity h•$ prepared the aCunts in at)rdance A¢UntIng and Reporting by Charrties.. Slatement of Recommended Practicè applicable to charities preparing their accounts in accordanrE with the Financial Reporbng Stsndard appltsble in the UK and Republic of Ireland {FRS 1021 in prefèrence to the Accounting and RepoA9 by Charrties." Stement of Recommended Practice is$Ld on 1 April 2005 whth is refeThed to in the extant regulaiiws blrt has baèn withdfawn. l understand that this has been done in Order for the accounts to prowde a true and fair tW in aCCOfdance with thè Generalty Accepted Accounting Pradice èfferAive for reportin9 periods beginning tjn or after 1 January 2015. I hav8 compted my examination. I Cnfirn) that no matters, oth•r than those fulty detailed below. have comè to my attènb.on in o)nnection with the examinalion y1n9 me reastsnab cause to believe that in any material respect." ae¢ounling records werè not kept in iespeet of the Charity as required by sedion 130 of th9 2011 Actr, or the accounts do not •xord those rerdS.. or the aOuntS do not compty writh the applicable requiwients concming the fom) and content of accounts set out in the Chanties (Accounts and Rewrtsl Regulations 2fMJ8 other than any requiremènt that the attounts gNè a and fa"f ¥i8w whith Th)t a rnatter condre as part of an independent examination. l that therè are no other mattats lo whK 5ur attention should be drawn to rb a propèr understanding of the accourts to be reached. Disclosure S•ctlon The actNities of the Greek School of St Athanas$ Cambndge are dealt separatety by a Goveming Commrttee ele(aed by parents of thè Sth)ol. overseen by ts Trustees. As the school comès under the Charity the results over the years have been induded in this yèa¢s ac(x)unts, whiL* $h(Mf an inflated income. but are in line wth the ass8t, Controlled by the Trust oflhe Chanty. This réport is made solety io the Charitys Trustèès. as a boty. in arax)rdan with Part 4 of the Charrties (Accounts and Reports) ReguLabons 2008. W work has been undertaken so that I might stsk to the Charitys Trust88s those matters l am reqUid to state to them in an lThJeFondent examiners report and for no other Page 4
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 purpose. To the fullest exlent permrtted by I do not aept or assume SpOnsibl1 to anyong other than the Charty and the Ch31tys Trustees as a boty, fof my work for this report. Signed.. Dated". 24 Juty 2024 FCCA P O Box 7800 Mayfair London W1A4GA Page 5
STATEMENT OF FINANCIAL ACTIVTnES FOR ThE YEAR ENDED 31 DECEMBER 2022 Unwtricted funds 2022 Total nds 2022 Total funds 2021 Income from: Other trading ac Investments other income SO.967 78.620 25.000 50,967 78.620 25.000 50.404 30 11,280 Totsl Incom• 154.587 154.587 61, 714 EXndrn on: Roi5ing fvnds Charitable acts4tyts8S 2.626 37.799 1,380 51,887 37.799 Totsl expendlbjre 40h2S 40A25 53,267 Net movem•nt In funds 114,162 114.162 8.447 Reconciliation of funds: Total funds bcought fowrd Net movement in fijnds 1234.868 114.162 1,234,868 114.162 1,226.421 8,447 Totsl lunds c•rried forward 1J49.030 1,349.030 1.234,868 Tha Statemerrt of Fan(al Ac*¥ths al gains and hjsses rrUsed n the year. The notes on pa9e$ 8 10 18 fonn part ofthese filia1 statements. Page 8
ST ATHANASIOS CAMBRIDGE BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 Fl¥•d •8ets T8ngibb assets 12 1.091.360 1.091.360 1.OY1.380 1.091.360 Current Js•ts Cash at bank arKf in hand 259.170 143,508 259,170 143.508 Credrtors.. amounts fanir¥J due thin o 13 {1,500) N•t curr•nt aM•ts 257.670 143,508 Total ••set currnnt Ilablr•s 1,349.030 1.234.868 N•t as••ts •xcludlng p•n•lon M••t 1.349.OXI 1,234.868 T1 a¥s•ts 1.349.030 1,234.868 Charlty fund• Restricted funds Unfeslricted funds 15 15 1,349,030 1,234,868 Total lunds 1,349,030 1.234.868 The financial sl8tem8nts approved and for issue by the Trustees on 24 Juty 2024 and signed on their behalf by. Th• no¢•$ on pagos 8 fomi part of these fin8no* $tstents. Page 7
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR E14DED 310ECEMBER 2022 Genernl Infonnation Enter text he- us•r inpul Accounllng poNcl•¥ 2.1 8¥sig of pr•pardtion of financial •t¥tements The financial statements have been prepared in accordance with the Charibes SORP IFRS 1021- Accx)unting and Reporting by Charities.. Statement of Reo)mmended Pracb"ce applicable to charities preparing their accounts in accordan with the FinancAal Reporting Standard applicable ill the UK and Republic ol Ireland {FRS 1021 {effecty"ve l January 20191. the Finanual Reporting Standard applicable in the UK and RepIC of Irdand IFRS 102} and the Charthes Act 2011. Thè financial statements have been prepared to give a Irue and fairf wew and havè departed from the Charitses {Ac£ounts and Reports) Re9atiOnS 2008 onty to Ihe extent Tequired to prowde a'true and laif ew. This departure has Invofved folk)wng the Charrties SORP IFRS 1021 published in October 2019 rather than the Aexx)unling and Rèporling by Charityes.. Ststement of Recomrnended Pract'ce effective from 1 April 2005 whith has since been withdrawn. St Athanasios Cambridge meets the definrfion of a putAic benèfft entty under FRS 102. A$sets and liabilrts are initialty recognised at hislryical cost or transathon ¥ae unless otheiSe stated in the rèlevant aoxjunting poliry. 22 Incom• l income is recognised once the Charity has entiuement to the incorne. it is probable that the in¢ome WAI be receivÈd and the amount of income rÈeeivable can be rneasured reliably. Incomè tax reverabl& in relation to W)Vè5trnent income is reojgnisèd at the time Ihtr investmgnt incom8 1$ re1¥able. Olher income is recognised in the period in whth it 15 recetvablè and to the sxtent the good5 have been prowded or on wmplelion of the sery1. 2.3 Expendire Expendituie is recognised once there is a 1 or construcbve obligation to transfer economic benefit to a third party. it is probable that a transfer of economic benefit5 will be rèquired in settlement and the amount of the oblvjation can bè measured reliabty. Expendrture is dassified by aetmty. The St$ of eath actmty ale made up of the total of direct costs and shared costs. induding support costs tnvolved in undertakn.ng each acbvty. Direct costs attributable lo a single actwity are alloced direclty to that actiwty. Shared (£Jsts whith (ntribUte kn rn0 than one actwity and support COSts which are not attributable to a single aw are apptsthoned betsyèen those athitses on a basis consistent wrth the use of [esour$. Cèntral staff costs are allocated on the basis oftime spènt. and depreciation charges althated on the portion of the asset's use. Expendilure r¥i5iThJ funds indudes 1 expèn<litwe IncJJr by the Charrty lo raise funds for its tharitable purposès and indudès costs of al fundraising acMkn•s èvents and nowharitablè trading. Expenditure on Charitable aCtltIeS is incurred on directty undertakirKJ thè activrhes whith fvrther thè Charitys objecbves. as wèll as any assoaatèd support costs. Page 8
ST ATHAIIASTh CAPABRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting pollcles IconllnuÈdl 2.3 Expendlture Icontinuodl All expendtture is indusive of itseu)veraNe VAT. 2.4 TangIb fixed assets and dèp1•110 Tangible fixed assèts ¢05ting £NIL or more are cawkliséd and recwnised when future erDnomic btrneffits are probable and the st or wahje of the asset can bè measured reli3y. Tangiblè fixed assets are inrtiaty recJgnised at cost_ After recognition, under the cost model. tangible ftxed assets are mèasured al cost less ao2tmulated depreryation and any acMUlated impaimiènt losses. All costs inrred to bring a tangible fixed asset into its irtlended working cAJndition shoukl be induded in measurement of cost. Depreaabon is chafged so as to alkxatè the rA)st of tangiblp fixed assets less Iheir SIdUal value 0r their estimated useful INes. Depreciation is prOded on the folbw.ng bases: Freehold prowty Long-temi leasehold Fperty OffKe equipment 2.5 Cash at bank ¥nd in hand Cash at bank and in hant1 indudes ¢3sh and short-temi higNy liqutd invesknents with a short maturity of three months or le$$ from Ihe date of acYiuson or opening of the d¢t or similar a(xount. 2.6 Liabilities and provision• Liabil"èS are recxJgniset1 when there is an obligation at the 8alanr Sheet date as a result of a past event, rt 1$ probabk Ihat a transfei of economic benefft be required in selljèment. and Ihè amount of the seluement can be èsts"m*ed 1iabty. abilths are recognised at the amount that Ihe Charity anbo"pates it v1 pay Io settle the debt or the amount it has receivèd as thancEd payments for the goods or semces it musi prowde. ProVion8 are measured at the best estimate of thè amounts required to settle the objigation. Whare the effect of the Ime Ve of money is material. the prowsion is based on the present value ofthose amounts, discounted at the pre-tax di$nt rate that reflects the risks specffic to the liabilty. The unwinding of thè di5eount Es reo)gnised in the Slatement of fin8noal acbwbes as a finance cost. 2.7 Finan¢i¥l instrum•nts Thè Charity onty has finanoal assets and ffinanL¥al liabiltss of a kn.nd that qualtfy as basic finanaal instnjmènts. 88C finanoal instruments are inrtialty recwnisèd at transaction value and subsequentty measured at theii seltlement wahje with the excepb.on of bank toans which are subsequentty rneasured at amortised cost using the effective interest rnethod. Page 9
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accounllng pollcl•g (contlnul 2.8 Fund a¢countlng General lunds are unTestn'cted fttnds which are available for use at the discretion of the Trustees in fvrtherance of the gener obiecbves of the Chanty and whi¢h have rK¢t been designatèd for other purpose5. Investmènt inctsmè. gains losse5 are allocated to the appropriate fvnd. Income frorn oth•r trading athtb•s Income from fundrnising events Unrestricted funds 2022 Total funds 2022 Ceremonies Candles and colwon Donations 6.000 22,280 22,687 6,000 22.280 22.687 50,967 50.967 Unrestricted funds 2021 Total funds 2021 Cefemoniès Candles and collect Donations 5.55Q 26,298 18.321 235 26.298 18.321 235 50,404 Page 10
ST ATHAMASTh CAPABRIDGE NOTES TO THE FINANCIAL STATEME14TS FOR THE YEAR ENDED 31 DECEMBER 2022 Invèstment in¢om• Unrestri¢ted funds 2022 Total funds 2022 Hire of hall Greek sthool activiies Bank interest 9,622 68.988 10 9.622 68,988 10 78,620 78.620 UnmstlFCt8d fvnds 2021 Total pds 2021 Investrnent incomè- interest 30 30 Other Incoming rnsouK88 Ursmtricted fund$ 2022 Totsl fund¥ 2022 Insurance daim 25.000 25.000 UnTrstri¢t8d fur$ 2021 Total funds 2021 Repairs 11,280 11,280 Pagè 11
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEM8ER 2022 Expenditure on rnising funds Costs of rnlsing ¥olunl¥ry income Unrestrletèd funds 2022 Total funds 2022 Candles 2.626 2.626 Paga 12
ST ATHANASbX CAJABRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2022 Expendi18 on raislng lund$ {¢ontinuedl Costs of r•ising voluntsry incomè Icontlnuedl UnStricte£l funds 2021 Total funds 2021 Candl&s 1,380 t,380 Analysi$ ot exP•nd1rn on chaiilabba activrlieg smIry by fund typ• Unrnstricted funds 2022 Total 2022 Direct Q)5ts. Actsvibes 37.PJ9 37.799 Unjtystricted funds 2021 Total 2021 Direct costs- Athil 51,887 51,887 Anal1* of expendllur• by •thil undertaken directly 2022 Total fvnds 2022 37.799 37.799 Page 13
ST ATHAllAS CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIIDED 31 DECEMBER 2022 Anatysis ol expenditu by aclfvitles Icontinuèd} A¢livtibe$ undèrtak8n Total funds 2021 2021 Dir8Ct u)sts- AcknliÈs 51.887 51,887 Independent ?x•minerfs Trmunernt5on 21122 2021 Fees payable lo the Charitys independent examiner forlhe indèpendeftt èxaminalion of thè Chanvs annual ar)))unts 1.SOO 10. Stsff costs 2022 2021 Wages and saLan"es 10,8 10,8C The average nLtmber of pwsons emph)JE(I by Ihe Charity dwing the yèar wa$ as folryw3.' 2022 2021 Adminislralion No empw fecewj reffluneration ¥nounkng to rrw)re than £60.000 in either Jpar. The main work frwce offerthr seryices vcluntarty. 11. During thè year, no Trustees recewl any remuneralion or Olher beneffts (2021. £NILI. Page 14
NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 11. Trustees, remuneration and expenses Icontinued) Lhjring the yEar ended 31 Dewnber 2022. no Trustee expenses have been Inrred (2021- £NIL). 11 Tan9ibh fixed assèts Lotsg4rn1 Fre•hold lèasehold property property equSpm•nt Total Cost orvaluatlon At t January 2022 356.S76 14.784 1.091.360 At 31 t)ecefflber 2022 720.00 3S6.576 14.784 1.091.360 Net book value At 31 D•c*mbèr 2022 720.000 356.576 1{784 1,091.360 At 31 December2021 720.OCQ 356,576 14,784 1,091,360 13. Cv•ditorn: Annts falling due within •)n• ye•r 2022 2021 Acenjals dèferred inc4)me 14. Financial instwmw 2022 2021 Flnanelal au•ts Finamyal assets measured ai Val through in)Me expendibjre 259.170 143,508 Financbal asséts measur8d at fay wdlu8 thmugh in9 a)d èxpènditu ¢omprise.... Pa9& 15
ST ATHAllAS CMABRIDGE NOTES TO THE FINAIICIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 1& Statèment ot funds Statement of funds - curr•nt year Balane• at 31 D•cèmber 2022 Balance at I January 2022 Incom• EXndItijre Unrnstriet•d funds Genéral Fund$- 1 fvnds 1,234,868 154,586 140.4241 1.349.030 Page 16
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 1& Slatement of funds Icontinu•dl Stat•m•nt offunth - prior year 8alance at 31 DeGgmber 2021 Balancè 8t l January 2021 Gainsv (La%ses) Unr•*tricted fiEnd¥ Ganeral Fund$- all funds 1.226.421 8,446 1,234,867 Toial drffers from thè ¢UTrenl year brought foMard balance (Unrestrictèd fvrhdsl 16. Summary offun(ts Summary offunds- cun•nt y•ar Balance at 31 December 2022 Balance at 1 January 2022 It)eom? Expendlthrè General fvrs f,234.868 154,S86 140,424) 1.349.030 Summary of fuDds- piior y•ar Balanc& At 31 Decembei 2021 8alanGe at l January 2021 GainFJ (Lossès) General fvnds 1.226,421 8,446 1.234,867 Page 17
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 17. Analysis of net assets bets¥een funds An1* of net a5tsts between fund¥. currentye•r Unrestricted funds 2022 Total funds 2022 TangibK• fixed assets Current assets Crèditors du8 wilhbn onè year 1.091,360 259.170 (1,500) 1,091.360 259.170 11.5001 Totsl 1,349,030 1.349.030 Analysis of n•t ass•ts betwwn funds - prlorythr EndonI Unff8Stricted funds 2027 Total funds 2021 2021 Tangible fixèd assets Current assets 1.091.360 143,508 1,091,360 143,508 Totsl 1.234.868 1,234,868 Page 18