```
REGISTERED CHARITY NUMBER: 1049541
```
## **`REPORT OF THE TRUSTEES AND`**
## **`UNAUDITED FINANCIAL STATEMENTS`**
```
FOR THE YEAR ENDED 31 DECEMBER 2021
```
## **`FOR`**
```
THE GREEK ORTHODOX COMMUNITY THE TWELVE
APOSTLES HERTFORDSHIRE
```
```
THE GREEK ORTHODOX COMMUNITY THE TWELVE
APOSTLES HERTFORDSHIRE
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Balance Sheet`**||`6`||
|**`Notes to the Financial Statements`**|`7`|`to`|`11`|
|**`Detailed Statement of Financial Activities`**||`12`||
```
THE GREEK ORTHODOX COMMUNITY THE TWELVE
APOSTLES HERTFORDSHIRE
```
## **`REPORT OF THE TRUSTEES`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2021`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2021.Thetrustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharities preparing
theiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The objective and aims of the charity are:
```
```
TopreserveandpropagatetheChristianOrthodoxfaithandtraditionsascontainedintheHolyScriptures,aspractisedinthelifeof the
Church,asconfirmedbytheEcumenicalandlocalcouncilsandasinterpreted,preservedandtaughtbytheGreatChurchofChrist, the
Ecumenical Patriarchate of Constantinople.
```
```
TopreservetheoriginallanguageoftheNewTestamentinDivineWorshipandintheEcclesiasticallifeofthefaithful,andtominister to
thepeoplethroughcanonicalservicesconductedaccordingtotheorderoftheGreatChurchofConstantinoplebycanonicalpriests, and
through sermons and through catechism and Greek Language Schools.
```
```
To establish schools for the teaching of Greek Orthodox education.
```
```
ToreceiveintotheOrthodoxChristianfaith,byBaptismorCharismatic,allthosewhofreelydecideandsincerelydesiretoadopt the
Orthodox Christian faith, and to live in accordance with its spiritual and moral teaching.
```
```
Toundertakecharitableworkforthebenefitofthosewhoneedprotection,assistanceandmedicalcare,tomakegrants to
organisations (including schools and charities), to provide services (including care/counselling).
```
```
The trustees are pleased to report that in their opinion the objectives were generally met.
```
## **`Significant activities`**
```
The charity's significant activities are the administering of the assets of the charity, including the church and its contents.
```
## **`Public benefit`**
```
Thetrusteesconfirmthattheyhavecompliedwiththeirdutytohaveregardtotheguidanceonpublicbenefitpublishedbythe Charity
Commission in exercising their function.
```
## **`Volunteers`**
```
All trustees perform their duties on a voluntary basis.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
```
Theresultsforthefinancialyearofthecharityareshownintheannexedfinancialstatements.Thereceiptsofthecharity have
increasedthisyearmainlyfromtherentalincomeanddonations.Asaresult,thenetincomefortheyearwas£141,127 (2020:
£25,793).Theexpenditurewasmaintainedalmostatthesamelevelaspreviousyear,exceptofthedonationsoutthat reduced
significantly.
```
## **`FINANCIAL REVIEW`**
## **`Principal funding sources`**
```
TheCharitygeneratesincomefromdonations,themajoritybeingreceivedfromTheGreekOrthodoxCommunity"TheTwelve Apostles"
HertfordshireTrust,theoperatingcharity,forthepaymentsofitscoststowardsmanagingandadministeringtheassetsofthe charity,
unless specifically specified.
```
## **`Investment in car park`**
```
In2013,aninformalagreementwasmadewiththeexistinglandlordoftheleaseholdpremisestoextendthecarpark.The expenditure
wasapprovedbythetrusteesandlocalauthorityapprovalwasobtained.Thetrusteesexpectaminimumof10yearsuseand the
expenditure has been amortised accordingly.
```
## **`Review of Charity's financial position`**
```
The Trustees highlights the increase in donations and income during the year £132,045 (2020: £55,626).
```
```
TheresultsofthecharityaresetoutonPage5-11.Thefinancialpositionofthecharityisstrongwithunrestrictedfundsof £1,524,714
(2020:£1,383,587)andnetcurrentassetsof£109,492(2020:£37,079).Thetrusteesareconfidentthatsafeguardsareinplace to
preserve the charity's ability to generate forthcoming income.
```
```
Witheffectfrom1July2005TheGreekOrthodoxCommunity"TheTwelveApostles"HertfordshireBoardagreedthatThe Greek
OrthodoxCommunity"TheTwelveApostles"HertfordshireTrust(CharityRegistrationNumber1108369)willmaintainallthe operations
fortheCharity(CharityRegistrationNumber1049541)includingallincome,hireandlettingofthepremises,makingallpayments for
running and administration.
```
## **`Reserves policy`**
```
Thetrusteeshaveconsideredthereservespolicy.TheCharityinvestsinHeritageassets,£991,216(2020:£923,860)whichareused for
thepromotionofthecharity'sobjectives.Theincomegeneratedbyallassets,togetherwiththeincomefromTheGreek Orthodox
Community"TheTwelveApostles"HertfordshireTrustisactivelymonitoredtoallowsufficientreservestofundthecommitmentsof the
Charity.
```
```
Page 1
```
```
THE GREEK ORTHODOX COMMUNITY THE TWELVE
APOSTLES HERTFORDSHIRE
```
## **`REPORT OF THE TRUSTEES`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`FUTURE PLANS`**
```
The Community Board's aims are:
```
```
A To increase the Church's capacity
```
```
B To attract younger members to our community.
```
```
C To improve the church grounds.
```
```
D To promote attendance at our Saturday morning services in English.
```
```
E To find local accommodation suitable for community and pastoral needs.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesanunincorporatedcharitywhichisthe custodial
charity.Theincorporatedcharity,TheGreekOrthodoxCommunity"TheTwelveApostles"HertfordshireTrust,istheoperating charity
and its surplus income is donated to the trust.
```
## **`Recruitment and appointment of new trustees`**
```
ThetrusteesofthecharitywhoarealsotrusteesoftheincorporatedbodyTheGreekOrthodoxCommunity"TheTwelve Apostles"
Hertfordshire Trust (Registered Charity No:1108369) must be members of the Community.
```
```
Allmembersareeligibletostandforelection.Applicantsareappointedbyvotingandfourareselectedandappointedbyhis Eminence
theArchbishopofThyateiraandGreatBritaininconsultationwiththeparishpriest.Thetrusteeswillserveatermoftwoyears. The
trusteesarefamiliarwiththepracticalworkofthecharity.DuetoCovid19pandemictheArchbishopextendedthetermofthe trustees
for another year.
```
## **`Organisational structure`**
```
ThecharityisgovernedbyitstrusteeswhocomprisetheCommunityBoard.TheCommunityBoardcomprisestheelectedmembers of
theincorporatedbodyknownasTheGreekOrthodoxCommunity"TheTwelveApostles"HertfordshireTrust(Registered Charity
No.1108369).
```
```
ThemembersofthecharityarethepersonsservingontheCommunityBoard.EachpersonwhoisamemberoftheCommunity Board
shall,atthetimeofthisappointmenttotheCommunityBoard,becomeamemberofthecharityandonceasingtobeamemberof the
Community Board, for any reason ,shall at the same cease to be a member of the charity.
```
```
TheBoardmeetstentimesayeartoadministertheaffairsofthecharity.TheBoardelectaChairman,aVice-Chairman,a Treasurer
and a Secretary to carry out day-to-day functions.
```
```
Thepresidingpriestbyvirtueofhiscanonicalordinationadministersthepriestlydutieswhichconsistinshepherdingthe Parish
entrusted to his care, directing its orderly life, preserving its unity and keeping it faithful to its divine purpose.
```
```
The Board appoints sub-committees to develop, administer and promote fund raising, religious festivals and charitable causes.
```
## **`Induction and training of new trustees`**
```
Alltrusteesarebriefedontheirlegalobligationsundercharityandcompanylaw,thecontentofthedeedoftrust,thecommittee and
decision making processes, the projections and recent financial performance of the charity.
```
```
AtthefirstboardmeetingthetrusteeswillelecttheChair,TreasurerandSecretary.TheChairco-ordinatesallthecharity's activities
including meetings, functions, fund raising committees and liaises with the priest and staff.
```
```
TheTreasurermaintainsthefinancialrecords,managementreports,budgetingandthepreparationoffinancialstatements. The
Secretary maintains the minutes and correspondence.
```
```
All other trustees are on a rota for church services, candle sales, collections and fund raising.
```
## **`Wider network`**
```
The Charity is under the auspices of the Greek Archdiocese of Thyateira and Great Britain.
```
## **`Related parties`**
```
ThecharityisgovernedbyitstrusteeswhoarealsoelectedmembersandtrusteesofTheGreekOrthodoxCommunity"The Twelve
Apostles" Hertfordshire Trust, and receives a substantial amount of the surplus funds generated by the incorporated body.
```
## **`Amendments and additions to the constitution`**
```
Aspecialresolutionwaspassedthatthecompanyknownas"TheGreekOrthodoxCommunityTheTwelveApostlesHertfordshire Trust"
(CompanyRegistrationNumber05059031)ofwhichtheCommunityBoardaretheMembersandDirectors,subjecttodelegationto the
company,thecompanymayonbehalfofthecommunityattherequestoftheCommunityBoard,holdthemoneycapitalandassets of
thecommunity(otherthanimmovablepropertyheldbytheTrusteesbutincludingincomeorothermoniesorbenefits derived
therefrom)andenterintocontractsofemploymentandinsuranceandforhiringorlettingofthepremisesofthecommunityor for
repairorimprovementthereoforforanyotherpurposeagreedbetweenthecompanyandtheCommunityBoardandmakeall payments
due under such contracts or to procure the services to be provided thereby or otherwise as the Community Board shall authorise.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Charity number`**
```
1049541
```
```
Page 2
```
```
THE GREEK ORTHODOX COMMUNITY THE TWELVE
APOSTLES HERTFORDSHIRE
```
```
REPORT OF THE TRUSTEES
```
```
FOR THE YEAR ENDED 31 DECEMBER 2021
```
## **`Principal address`**
```
Church Kentish Lane
Brookmans Park
Hatfield
Hertfordshire
AL9 6NG
```
|**`Trustees`**||
|---|---|
|`Archbishop Nikitas of Thyateira & Great Britain`|`Archbishop`|
|`D A Liveras`|`Management Trustee`|
|`L Loizou`|`Custodial Trustee-Chairman`|
|`D Habeshis`|`Management Trustee`|
|`Y Nicholas`|`Custodial Trustee`|
|`M Pilinas`|`Management Trustee`|
|`S Mastrides - Deceased 23 June 2022`|`Management Trustee-Assistant Treasurer`|
|`S A Savva`|`Management Trustee-Secretary`|
|`L Christodoulou - Resigned 7 November 2021`|`Management Trustee`|
|`A Kyprianides - Resigned 7 November 2021`|`Management Trustee`|
|`A C Michael - Resigned 7 November 2021`|`Management Trustee`|
|`J Chronias`|`Management Trustee`|
|`E Kritikos`|`Management Trustee-Treasurer`|
|`C D Constantinou`|`Management Trustee`|
|`S Economou`|`Management Trustee`|
|`E David-Harmanda - Resigned 15 May 2022`|`Management Trustee`|
|`K Kyriakou - Appointed 7 November 2021`|`Management Trustee`|
|`T Liousas - Appointed 7 November 2021`|`Management Trustee`|
|`M Rodosthenous - Appointed 7 November 2021`|`Management Trustee`|
|`S Spyrou - Appointed 7 November 2021`|`Management Trustee`|
## **`Independent Examiner`**
```
G Christoforou
Institute of Chartered Accountants in England and Wales
AC Partners LLP
Chartered Accountants
869 High Road
London
N12 8QA
```
## **`Solicitors`**
```
Nicholas & Co.
18 Wigmore Street
London
W1U 2RG
```
## **`Bankers`**
```
Bank of Scotland
33 St Andrew Square
Edinburgh
EH2 2YR
```
```
Approved by order of the board of trustees on 20 September 2022 and signed on its behalf by:
```
```
L Loizou - Trustee
```
```
Page 3
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE GREEK ORTHODOX COMMUNITY THE TWELVE
APOSTLES HERTFORDSHIRE
```
## **`Independent examiner's report to the trustees of The Greek Orthodox Community The Twelve Apostles Hertfordshire`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheGreekOrthodoxCommunityTheTwelve Apostles
Hertfordshire (the Trust) for the year ended 31 December 2021.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewiththerequirementsof the
Charities Act 2011 ('the Act').
```
```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwiththe examination
giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshouldbedrawn in
this report in order to enable a proper understanding of the accounts to be reached.
```
```
G Christoforou
Institute of Chartered Accountants in England and Wales
AC Partners LLP
Chartered Accountants
869 High Road
London
N12 8QA
```
```
20 September 2022
```
```
Page 4
```
```
THE GREEK ORTHODOX COMMUNITY THE TWELVE
APOSTLES HERTFORDSHIRE
```
## **`STATEMENT OF FINANCIAL ACTIVITIES`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2021`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Investment income`
`2`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
`3`
`Other`
**`Total`**
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**|`2021`
`Unrestricted`
`fund`
`£`
`132,045`
`19,009`
`151,054`
`(1,768)`
`11,697`
`9,929`
`141,125`
`1,383,587`
`1,524,712`|`2020`
`Total`
`funds`
`£`
`55,626`
`20,617`|
|---|---|---|
|||`76,243`|
|||`50,450`
`-`|
|||`50,450`|
|||`25,793`
`1,357,794`|
|||`1,383,587`|
```
The notes form part of these financial statements
```
```
Page 5
```
```
THE GREEK ORTHODOX COMMUNITY THE TWELVE
```
## **`APOSTLES HERTFORDSHIRE`**
## **`BALANCE SHEET`**
## **`31 DECEMBER 2021`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`6`
`Heritage assets`
`7`
**`CURRENT ASSETS`**
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`8`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`10`
`Unrestricted funds`
**`TOTAL FUNDS`**|`2021`
`Unrestricted`
`fund`
`£`
`424,006`
`991,216`
`1,415,222`
`110,390`
`(900)`
`109,490`
`1,524,712`
`1,524,712`
`1,524,712`
`1,524,712`|`2020`
`Total`
`funds`
`£`
`422,648`
`923,860`
`1,346,508`
`37,979`
`(900)`
`37,079`
`1,383,587`
`1,383,587`
`1,383,587`
`1,383,587`|
|---|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon20September2022andweresigned on
its behalf by:
```
```
L Loizou - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
THE GREEK ORTHODOX COMMUNITY THE TWELVE
APOSTLES HERTFORDSHIRE
```
## **`NOTES TO THE FINANCIAL STATEMENTS`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`1. ACCOUNTING POLICIES`**
## **`BASIS OF PREPARING THE FINANCIAL STATEMENTS`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenpreparedinaccordance with
theCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to
charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicable in
theUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeenpreparedunderthe historical
cost convention.
```
## **`INCOME`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,itisprobable that
the income will be received and the amount can be measured reliably.
```
## **`EXPENDITURE`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountofthe obligation
canbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhave been
allocated to activities on a basis consistent with the use of resources.
```
## **`ALLOCATION AND APPORTIONMENT OF COSTS`**
```
Costsareallocatedasgeneraloperatingexpensesunlesstheyareinregardtospecificactivitiesgenerationincome,in which
case they are then allocated according to specific cost type.
```
## **`TANGIBLE FIXED ASSETS AND DEPRECIATION`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
```
Freehold property- not provided
Short leasehold- Over the life of the lease
Plant and machinery- 15% on reducing balance
Fixtures and fittings- 10% on reducing balance
Computer equipment- 15% on reducing balance
```
```
TheFreeholdPropertyhasnotbeendepreciated,asthelongtermobjectiveistousethispropertywithinthe charity's
mainstreamactivity,asavicarage,andhenceitisstatedatcostandnottreatedasaninvestmentsproperty.The trustees
considerthatthisdeparturefromtherequirementinSORP2005todepreciatedfixedassetsisnecessarytoshowatrue and
fair view.
```
```
Thetrusteescarryoutanannualreviewoftangiblefixedassetsandimpairment.Itistheiropinionthattherehasbeen no
change in value during the current year.
```
## **`HERITAGE ASSETS`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
```
Heritage assets - not provided
```
## `Freehold Church`
```
TheFreeholdChurchactsasthespiritualandcommunitycentreforallmembersoftheGreekOrthodoxFaithbased in
Hertfordshire. The Freehold Church is reported in the Balance Sheet at cost and is not depreciated
```
## `Icons and Works of Art`
```
TheCharity'sIconsandWorksofArtarereportedintheBalanceSheetatcostandarenotdepreciated.Thecollection is
deemedtohaveindeterminatelivesandhighresidualvalue;hence,theTrusteesdonotconsideritappropriateto charge
depreciation.
```
## **`TAXATION`**
```
The charity is exempt from tax on its charitable activities.
```
## **`FUND ACCOUNTING`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
continued...
```
```
Page 7
```
```
THE GREEK ORTHODOX COMMUNITY THE TWELVE
APOSTLES HERTFORDSHIRE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`2. INVESTMENT INCOME`**
||||`2021`|`2020`|
|---|---|---|---|---|
||`Unrestricted`|`Restricted`|`Total`|`Total`|
||`funds`|`funds`|`funds`|`funds`|
||`£`|`£`|`£`|`£`|
|`Rents received`|`19,009`|`-`|`19,009`|`20,617`|
|**`RAISING FUNDS`**|||||
|**`RAISING DONATIONS AND LEGACIES`**|||||
||||`2021`|`2020`|
||`Unrestricted`|`Restricted`|`Total`|`Total`|
||`funds`|`funds`|`funds`|`funds`|
||`£`|`£`|`£`|`£`|
|`Support costs`|`(1,768)`|`-`|`(1,768)`|`50,450`|
## **`3. RAISING FUNDS`**
## **`4. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2021norfortheyear ended
31 December 2020.
```
## **`TRUSTEES' EXPENSES`**
```
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
```
## **`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
## **`6.`**
|**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 January 2021`
`Additions`
`At 31 December 2021`
**`DEPRECIATION`**
`At 1 January 2021`
`Charge for year`
`At 31 December 2021`
**`NET BOOK VALUE`**
`At 31 December 2021`
`At 31 December 2020`|`Freehold`
`property`
`£`
`388,638`
`9,024`
`397,662`
`-`
`-`
`-`
`397,662`
`388,638`|`Unrestricted`
`fund`
`£`
`55,626`
`20,617`
`76,243`
`50,450`
`25,793`
`1,357,794`
`1,383,587`
`Short`
`Plant and`
`leasehold`
`machinery`
`£`
`£`
`70,954`
`9,170`
`-`
`-`
`70,954`
`9,170`
`66,463`
`5,668`
`4,491`
`526`
`70,954`
`6,194`
`-`
`2,976`
`4,491`
`3,502`|`Unrestricted`
`fund`
`£`
`55,626`
`20,617`
`76,243`
`50,450`
`25,793`
`1,357,794`
`1,383,587`
`Short`
`Plant and`
`leasehold`
`machinery`
`£`
`£`
`70,954`
`9,170`
`-`
`-`
`70,954`
`9,170`
`66,463`
`5,668`
`4,491`
`526`
`70,954`
`6,194`
`-`
`2,976`
`4,491`
`3,502`|
|---|---|---|---|
||||`76,243`|
||||`50,450`
`25,793`
`1,357,794`|
||||`1,383,587`|
||||`Plant and`
`machinery`
`£`
`9,170`
`-`
`9,170`
`5,668`
`526`
`6,194`
`2,976`
`3,502`|
```
continued...
```
```
Page 8
```
```
THE GREEK ORTHODOX COMMUNITY THE TWELVE
APOSTLES HERTFORDSHIRE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`6. TANGIBLE FIXED ASSETS - continued`**
## **`7.`**
|**`COST`**
`At 1 January 2021`
`Additions`
`At 31 December 2021`
**`DEPRECIATION`**
`At 1 January 2021`
`Charge for year`
`At 31 December 2021`
**`NET BOOK VALUE`**
`At 31 December 2021`
`At 31 December 2020`
**`HERITAGE ASSETS`**
**`MARKET VALUE`**
`At 1 January 2021`
`Additions`
`At 31 December 2021`
**`NET BOOK VALUE`**
`At 31 December 2021`
`At 31 December 2020`|`Fixtures`
`and`
`Computer`
`fittings`
`equipment`
`£`
`£`
`150,581`
`1,982`
`-`
`-`
`150,581`
`1,982`
`125,487`
`1,059`
`2,510`
`139`
`127,997`
`1,198`
`22,584`
`784`
`25,094`
`923`|`Totals`
`£`
`621,325`
`9,024`|
|---|---|---|
|||`630,349`|
|||`198,677`
`7,666`|
|||`206,343`|
|||`424,006`|
|||`422,648`|
|||`Total`
`£`
`923,860`
`67,356`|
|||`991,216`|
|||`991,216`|
|||`923,860`|
```
TheheritageassetsconsistoftheFreeholdChurchandicons.TheTrusteesensurethatheritageassetsaremaintained and
preserved.
```
```
The Church and icons are available for viewing by the public when the Church is open.
```
## **`8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
```
Accrued expenses
```
|`2021`|`2020`|
|---|---|
|`£`|`£`|
|`900`|`900`|
## **`9. SECURED DEBTS`**
```
TheBankLoanwassecuredbywayofafirstlegalchargeoverthefreeholdproperty,grantedbytheGreek Orthodox
Community "The Twelve Apostles Hertfordshire".
```
## **`10. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1.1.21`
`£`
`1,383,587`
`1,383,587`|`Net`
`movement`
`in funds`
`£`
`141,125`
`141,125`|`At`
`31.12.21`
`£`
`1,524,712`|
|---|---|---|---|
||||`1,524,712`|
```
continued...
```
```
Page 9
```
```
THE GREEK ORTHODOX COMMUNITY THE TWELVE
APOSTLES HERTFORDSHIRE
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
```
## **`FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`10. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`151,054`
`151,054`|`Resources`
`M`
`expended`
`£`
`(9,929)`
`(9,929)`|`ovement`
`in funds`
`£`
`141,125`|
|---|---|---|---|
||||`141,125`|
## **`Comparatives for movement in funds`**
|||`Net`||
|---|---|---|---|
|||`movement`|`At`|
||`At 1.1.20`|`in funds`|`31.12.20`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`1,357,794`|`25,793`|`1,383,587`|
|**`TOTAL FUNDS`**|`1,357,794`|`25,793`|`1,383,587`|
|`Comparative net movement in funds, included in the above are as follows:`||||
||`Incoming`|`Resources`|`Movement`|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`76,243`|`(50,450)`|`25,793`|
|**`TOTAL FUNDS`**|`76,243`|`(50,450)`|`25,793`|
|`A current year 12 months and prior year 12 months combined position is as`|`follows:`|||
|||`Net`||
|||`movement`|`At`|
||`At 1.1.20`|`in funds`|`31.12.21`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`1,357,794`|`166,918`|`1,524,712`|
|**`TOTAL FUNDS`**|`1,357,794`|`166,918`|`1,524,712`|
```
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`227,297`
`227,297`|`Resources`
`M`
`expended`
`£`
`(60,379)`
`(60,379)`|`ovement`
`in funds`
`£`
`166,918`|
|---|---|---|---|
||||`166,918`|
```
continued...
```
```
Page 10
```
```
THE GREEK ORTHODOX COMMUNITY THE TWELVE
APOSTLES HERTFORDSHIRE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`11. RELATED PARTY DISCLOSURES`**
```
TheCharityreceivedunrestricteddonationsamountingto£132,027(2020:£55,186)inwayofbothmoniesandassets from
The Greek Orthodox Community "The Twelve Apostles" Hertfordshire Trust, which is the operating Charity.
```
```
The Trustees of the Charity are also Trustees of The Greek Orthodox Community "The Twelve Apostles" Hertfordshire Trust.
```
```
Page 11
```
```
THE GREEK ORTHODOX COMMUNITY THE TWELVE
APOSTLES HERTFORDSHIRE
```
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations -Non Gift Aid`
**`Investment income`**
`Rents received`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Support costs`**
**`Management`**
`Repairs and renewals`
`Accountancy Fees`
`Professional Fees`
`Donations out`
`Short leasehold`
`Plant and machinery`
`Fixtures and fittings`
`Computer equipment`
**`Finance`**
`Bank loan interest`
`Total resources expended`
**`Net income`**|**`DE`**|**`TAILED STATEMENT OF FINANCIAL ACTIVITIES`**
**`FOR THE YEAR ENDED 31 DECEMBER 2021`**|`2021`
`£`
`132,045`
`19,009`
`151,054`
`148`
`1,080`
`-`
`1,038`
`4,491`
`525`
`2,509`
`138`
`9,929`
`-`
`9,929`
`141,125`|`2020`
`£`
`55,626`
`20,617`|
|---|---|---|---|---|
||||||
|||||`76,243`
`-`
`900`
`1,770`
`38,603`
`5,000`
`618`
`2,788`
`163`|
|||||`49,842`
`608`|
|||||`50,450`|
|||||`25,793`|
```
This page does not form part of the statutory financial statements
```
```
Page 12
```