REGisfERED CHARifY NUMBER: 1049541 REPORTOFTHE TRUSTEES AND UNAUDITED FJNANaAL ATEME ENDED I DECEMBER 2025 FOR THE GREEK ORThODOXCOMMJINtrYTHETWELVE APOSILES HERTFQRD5HIRE
THE GREEK ORTHODOX COMMUNrrYTHE TWELVE CONTENTS OF THE FJNANCIAL sfATEMENTS EMBER 2025 Page Rewt ofthe Trustee5 I to 3 Independent Examlnevs Rewt statement (éFlnanaal Actsvitiq5 Balance Sheet Ilotss to the Flnanaal St•tements 7 to IL D•t•led Statsment olFlnandal A(thltb85 12
TrIE GREEKORThOOOX COMMUNTfY THE TWELVE APOSTLES HERTFORDSHIRE REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DÉCEMBEA 2025 Tre trustees ptesent repcrt wth the finanaal slements of the tharity for tre year 31 December 2025. The trustees have ad{P the provisims of Accounting aThJ Reporting by Charitie5.' Statstnent of RecDmnndI Practitr apICate to tharives preparlrwJ their 3LLDunts in [de vAth ts Finar Rerortmg sdard zpplKable in the UK aT¥J Wtdic of {FkS 10211oY&Dve J 14nuary 20191. OBJEcfIvES AND AcllvITIES Obiedives and alms The (bj'ecbve and aff6 of the thanty are.. To preserve 24¥J wpagate (Jristian OrtrKJ¢k)x farth and tradits.S a5 ccrftsined in ihe HO knptyre5, & Ptactil in the lfft of the Church, as ojnfirmed by tr EthrrTh(g arK1 kthl c(xmclLs ard as Interpret&l, prtsd taught fvt awrth of ChrisL the EcumenKal Patiiarchate of CotL5tanbrwle. To kreserve tr ortglnal language r trÉ New Te#arrEnt in Dmne Worslip ar¥J in the Ectles11 Iwe of the fathful. and to minIr to th2 wple through camnK?I ccfiducted aXdIng to the Lyder of the &eat Chwd) of Constantinople ty caMnlc31 prigsts. ttrmugh sermons ar thr(wh cated)6m and (keek Language khool To e5tablth for the tyr¥ offvk OrtFth)x edu(&fm. To re£th into the Orthjdox Christian faith, Ly p.n or Chri5tnatKyi, al freety thde desre to adopt the Orttrthox Chdstkln kith, ¥KJ to acCCd wrth its spyitual m¢thl teac1m. To undertake ckntabk w(xk fty the trefit of tfvtse who need wottttw)n, a5sstsrKe caTe, to m gratts to (9artsthns lindL1 and dritieS), to sthty% (IrUd[rj care/coMsellirol. The tnjsiees are leased to repcrt that in tsr lw1n ts objethves gerralty meL SlgniFKant athits¢s The chaiity'5 wgryftht ae the adryKni%ierir#J of the ofttE charity, irLlu(ng the (hurth its crxTrtents. Publlc benefit The trusts cwfirm that have w))rAd wth thdr to ha¥e regard to the gU¥jan on puilic benefft publLts1 by ihe Charity c(thmi&9 in exerrisw therftvKtiDn. Volunteu perfomi trdrduties on a vdurtary bas. ACHIEVEMENTSAND PERFORMANCE The rewts for trE fi[ntial year of the chaty are sh¢Tr In the anXed finanual statemwt& The ripts ofthe art gmilar year Tnainty from rettsl irKx)mÈ and donauons to cover the Snttte5t eynse frorn the mrtgage vertaken. As a rewlL tre net IrKTrmefor the yearwa5 £4,28012024.. £4,104). The was year. FINANCIAL REVIEW Prfntipal fvndlng sour$ Charlty grateS Irrne from donations, tIE ra]lty Lting rectwed from The Greek l)rtMdox Communty Tr Te Apc6, HShITe Trus¢ the operatlrvJ charty, for the payTnents of fG costs towords Managi arK1 the ats of charfty, unkn speoftaly spedfied. Investment pdlcy and obi¢¢ti evlew of Charity's finandal posltlon TfrETrusie hi9hlKJM thedonOD(S from YTr1 in yearare SLrffickntto the reknnt eypenses £36,02312024.. £30,{0). rewhs of the tharity a t out on Page 5-11. Tre fina31 of tharity Is ¥Mth UrYe5triLt fvnts of £1,539,924 12024.. £1,535,6441 ar net Irrent a55ets of £19,050 12024.. £14,362). The tAJStees are (nnfidait that safeguards are in PL to preseNe chanty's abilty to gerate incune. th effett from l Juty 2005 (keek OrthLKtrJx Communty Tre Twelve Arde, Hettrordshire agreed that The Greek Orthodox Cotnmuruty'The TKlve Apc6tle5' Hethrdshire Trust (Chwity Regi5trabon Number 11(U9} Mdll rrintsin dl the operatbns for the Charity (Charity Re9istrabM NuMtr 10495411 knduding all irKeme, hire of the premtses. marj al paYnts for rLnniDg ar admini¥radc). Aesems policy The trStee5 have wsdered the rrves prAicy. The Ch8rtty Invests in HtP £2,4L7,%1 12024.. £2,384,731) which are used for the promoti of the ¢hariVs obiectwes. The incxTh gengxat&l all assets together with the from The Greek orthodox Communty Tr Twelve Ae$. Hertthlre Trust is athvely monthrgj to allow reswves to fvnd tt Commitrnts of Charity. Charity rerves be maintslned at a minimum kvd whith equat to approt[dY sx mon of unrestrfcied Charitab expdvre. The Trustees that at this level will ersure that, in the ewent of 8 9gnifi(Bnt drop in funding, they will te able to contiwe the Charivs cvrrwtt acbwties, whlle cCderab"Cfft is given to ways in wluth additional funds rrw be oised. Ths of reseNes has been Tnaintsined throughoutthe yw. Page I
THE GREEK ORTHODOX COMMUNrrYThE TWELVE
AposfLES HERTFORDSHIRE
REPORTOFThE TRusfEES
FOR ThE YEAR ENDED 31 DECEMBER 2025
FUIURE PLANS
The COMMUtY Pthrdb ae..
A To repay ihe mortgage of the freeh(Ad prwekty.
To attrattyounger mberstO our wmmunty.
C To improve the churth grounds.
D To promote atteance at our SatrJrday SeThi in Enulish.
E To find W ¥c(xnmcKlats(m suitatAe for a)mmunty and pastoral
srRucfuRE, GoveRNANCE AND MANAfjEMV
Governlng document
rity is C¢tr1 by its gjverning d(ument, a L1eed of and crtitutes an UThnc0rprt tharity whKh Is the
THE GREEK ORTHODOX COMMUNifYTHE TWELVE APOSTLES HERTFORDSHIRE REPORTOF THE TRUSTEES FQR THE YEAR EIIDED 31 DECEMBER 2025 Ptlndpal addre55 O)utch Kenosh Lane HatfEld HertfLKdshire AL9 6NG shr4) Nlkltas ofThykn"ra & Great &itain hbhOp Custodial Trutschairrnan Management Trustee ManagementTwstee Management Truste&Stsry Management Tru4tee Management Tw5ttrTreawrer Management M8nagement TrLbtee Management TrLbtee rJtstodiallMawerrthtTruthe Management Ttstee Management Trtee Management TrL& Management TrL&ee Manbgemert TrL ManègementTnJ5tee L L(Mz D Habh1$ Res 31 DembEr 2025 SASawa I Chrordas E Kribkos C D cantirx1 Rer 31 December 2025 S Sp(j M R0doSthes T Uows K Kyria Y lo)nnL Y Yiasouml AG0OU NPSPzfpa ReSnl 31 December 2025 Reswjned 31 Detrmber 2025 Aprxmnted 31 Decont1 2025 AptKNnted 31 Dwthr 2025 ApkKNnted 31 De£uTthr 2025 Independent Exarnlner G Christoforou AC Pathets LLP Chartertd Attountsnts 869 High Rood Lond N12 8QA Sollcltors Nlttdas & Co. 18 Wigmtre Street WIU 2RG Banke Bank of kotland 33 St Andrew SJua Edinburgh EH2 2YR pproved by order rfthe board of tnJstees LY) 11 Mty 2026 arK1 $VJ Its ty.. C Lopzou Page 3
INDEPE14DENT EXAMINER. RTTO THE TRU$ OF THE GREEK ORTHODOX COMMUNTfY THE TWELVE APOSTLES HERTFOftPBt Independent examine5 report tothe trustees of The Greek Orthodox Community The TvK4ve Aposues Hertlord5hire I rewrt to the chanty truth on Tny e¥aminatiw of tre acc(Mnts of The &eek (thjdox Communty Twdve Apx Hethrdshire (the TnLSt) for the y en(Jed 31 Decvnber 2025. Rwn$ibilitie$ anl basls of rewt the charity truee5 of you a respttstjk for the prepaztrfi of the accounts in &cvthnce 1th Ihe wirements of the Act 20111'the ACVI. l p(rt kn respect of my eyAminatyon of the Tru5 aoUnts out urK1er Sectlcffi 145 of the Act ar In canwng (Art my arnirotn I have follthed all applicatle [XreCtic by the Charity Commlssim Sethcfi 14515Xbl of the Act, Independent exarniner'$ tsternent I ve cornpted my examinat. I ctsnfimi that no matt5 ve come to rny attentsn in (Lwect¥ wth the examinatiDn gi¥ing me cause to tdieve that In Tnaterial rw.. ctounting rw)rds We not kept n re5W cltheTrn as Muld by Seaion 130 oftr Act,. ( trE accounts do rwjt ac(tsd thtse remrds.. or accwnts do not ctynrjy tre appIable requirements cemIng the flwm and contwtt of actKV)ts set (Krt in the Charities (Accounts and RepJrt51 Regulation5 2( rthr than any reqfftment that zLcounts gwe a true and fair wew whKh is rnt a mats co¥Jer a5 Part of an indewent examinatlon. I hwe rK) ts)nm$ arK1 have rxjme aox>ss rKJ thr matter5 in wnn&tK)n with the examlnatbn to akn¥on thxjld be drawn In tIMs rep(rt in crder to enawe 3 erStand1rj of the accounts to be re&hed. G thrfrtoforou Instiiute of (hartered Acojuntants in EnglaT¥J and Wales AC Partner5 LLP Chartered AcLvuntrnts 869 High Road London N12 8QA LL May 2026 Page 4
The GREEK ORTHODOX COMMUNrrYThE TWELVE Apomts HERTFORDSHIRE srATEM INANC EQR THE YEAR ENDED 31EIllE12Q25 2025 Unrestrict 2024 Totsl fij$ Notes INCOME AND ENDOWMEiifs FROM Donab'on5 and legaae5 36,023 30,( Invtstment inaKne 13.795 21.160 Totsl 49,818 51,160 EXPENDtfURE ON Clh 45,538 47,056 I4 INCOME 4,280 4,104 REcoNauATN OF RIIIDS Totsl funLts browht forward 1.535,644 1,531,540 TOTAL FVNDS CARRIED FORWARD 1,539,924 1,535,644 The [5 form part ofltr** finmal statements Page S
THE GREEK ORTHODOX COMMUNITY THE TWELVE ApomES HERTFORDSHIRE BALANCE SHE 31 DECEMBER 2025 2025 Unrestrthl fu 2024 Totsl funds Tangl1e assets 405,419 2,417,961 407,411 2,384,731 2.823.380 1792,142 CURRENT ASSETS Cth at bank 20,130 15,442 CREDITORS AMThts falling dl Sithin year 11,0801 {1,0) NEf CURRENT ASSETS 19,050 14,362 TOTAL ASSETS LESS aiRRENT LIABILMES 1842.430 2,8[,504 CREDTfoRS mnts falk.ng due mLYe than year IL,302,5061 (1,27060) 1,539,924 1.535,644 FLINDS iMreytriLtyJ fund5 1.539,924 1,535,644 TOTAL FUNDS 1,539,924 1,535,644 The finarThl slatsments were appro%d by the Poard rf TnJdeÉs author&ed i5gR cn 11 May 2026 avj were sgned its Irty: The not& forni part ofthese fina81 Staternts Paye 6
THE GREEK ORTHODOX cOmm NrrYTHE TWELVE APOSTLES HERTFORDSHIRE NOTES TO THE FINANCIAL sfATEME14TS FOR THE YEAR ENDED 31 DECEMBER 2025 AccoufiiiNG POLICEES BASIS OF PREPARING THE FINANCIAL sfATf MEItIs The financial 5tatetnents of the charity, which ts a benefit entlty undw FRS 102, have been prepa in accwdantr trÉ Charities SORP IFRS 1021 'AccounbrvJ and Rero by Charibes., Statement of Recommended Practice applicable to arrbes wepanw their zLcounts in acttrdarKe wlth the Fina181 Repotting 5tarKJard aPpIae in the UK and RepublK of and (FI 1021 (effective l JanLWry 2019)., Financial Reporting Standard 102 Tre Financial Rern)rting Standard applb In the UK and Reputlic of IrdèTxI' aTvJ the chare5 PLt 2011. Tr financial statements have been ptEp¥ed urthr c(bt CDfftntim. INCOME JI income is reayThd in the Statwnent of Finandal AVe$ the oladty has enent to the fur¥J4 It 15 probable that the IonE Yill be re£eNed the arwnt can be mea&Ked reliab. EXPENDJTVRE bile5 are rnISed as werOthJre as XN)n a5 there 15 a bJal or CDn5tNth I1ja)(HI commlttSng charity to that exlture, it is probab that a tTrnsfer of economt tenefits wll be requi In settlent and the aFtK)unt of the obligation be rTW&U rdiawy. Expenditure is attounied ftr on an 5 bags and has been dasyfed he&ngs that aggregate all co& rethd to the wre costs cannot dlrectly attsibJted to partKLlar they hove been allctsted tri acbvlties on a bas.s stellt the use ALLOCATION APID APPORTIONMENT OF COSTS Costs are albcated as general operating e%Se5 unles5 tlw are in ward to spedfic gratn Inc(, kn whth case they are lted cording to speafic cost TA14GIBLE FIXED ASSETS AND DEPRECIATION Depreaation Is provNJed at thefdloY4ing annua rates In 0er to wrlte off asset its tslmated Lthl lrfe. Fe)h1 wc Plant and mthin Fe$ and fittlrvjs CLKHputer eoiMixint not p0 15% reduung balan IO% r&uong bak4n 15% m reduurvj baEan The Freehlld ProtErty has n(rt been dgpredated, as loTrJ tem) ebje£ti¥e to usp tNs property within the charitys m24rtheam fvity, as a vicaoge, and it is stated at crtst and not treated as an irivest prvperty. Tr trL ccnskler that tsms deparre fr(xn Wu1ment In atIeS SORP (FPS 1021 to deprated fixed aet$ is T to show a tnje aTh1 fair VEW. The tnjths cany out annu24 review d tle fiK&J a¥sets and It Is ther opinion that there has been thange in vak durlry the offtnt year. HERrrAGE ASSETS Deweciation 15 pThidEd at thefkMn9 annual rates In ordw to write off eth ast over its estimatsd efill lffe. Heritsge a55ets - not prided FreehrAd ChLrth The Freehold Churth as the wirifual and ojnmunity certre all mmbers of the Gred( OrtWox Faith based in Hertfordshire. The Freehcld Church 15 reported in the Bala getat cost and Ls not depreuated Icons Woths ofArt The Ch6riWs Icrms and Woths of Art are reported in ihe Balan SFet at cost and are mt depreaated. Tr cdktvjn Ls deem to h3ve Indetemlnate live5 aj huh resdual vakne,. h8Ke, the Tru4eÉs do ncrt con%dw it arorowiate tri drye depati(mI. TAXATION The dwrity is exsnptfrun tax 1tsth3tab athYbtie& FUIID ACCOUNTING LhirestrStted fijnds on be Lwd in &tw¢¥Ke wth the thafjrabk objethves at the direti ofthe Page 7 tsrKJgJ...
THE GREEKORTHODOX COMMUNrrYTHE TWELVE APOSTLES HERTFORDSHIRE TESTO THE FINANCIAL ATEmE1rs- Conted INVEStMENTINCOME 2025 Total fvtKts 2024 Total d5 fund5 funds 13,795 13.795 21,160 TftUSTEES' REMUNERAIION AND BENEFITS There were m intsteeg mUr800n bafits for the year 31 Decerthr 2025 rvx for year ended 31 DeMb¥ 2024. TRUSTEES. EXPENSES There were no tnj$te eymes p year ended 31 DeTrmber 2025 nor for trE ar ended 31 DecEmir 2024. COMPAPATIVES FOR THE ATEMENT OF FINANCIALAcrIvrriES fij INCOME AflD ENOOWMErirs FROM Donations and leg 30.C¥JO Invtstment irtome 21,160 Totsl 51,160 EXPENDrnIRE ON Otk 47,056 NET INCOME 4.104 RECONCIUATION OF FUNDS TLtsI fu$ htforWard 1,531,540 TOTAL FUNDS CARRIED FORWARD 1,535,644 TANGIBLE FIXED ASSEts Freehold propety Plant and mathir arK1 fitbngs eouipmè Tcia At l Januay 2025 and 31 December 2025 388,638 9,170 I50.1 550,371 DepRECIA710N At L January 2025 Charge for 7,342 274 134,117 1.501 72 142,9f 1,992 At 31 DecnL 2025 7.616 135.763 1,573 144,952 BOOKVALUE At 31 DetemtÉr 2025 388,638 1,554 14,818 405.419 At 31 De(Émber 2024 388,638 1,828 16,464 407,411 Page 8
THE GREeKORTHODOX COMMUNifYTHE TWELVE AposfLES HERTFORDSHIKE NOTESTO THE FINANaAL sfATEME EQYEaR.ENDED3l DECEM8ER 2025 HERITAGE ASSETS Total MARKETVALUE At l January 2025 Addith)ns 2.384,731 33,230 At 31 Dw)W 2025 2,417,961 BI)OK VALUE At 31 2025 2,417,961 At 31 2024 2.384,731 Tr hentage asts oy&st rf the Freehokl Churth Iccrs. Tr Trusts erwrt that heriwe aTe mautslned and Jrtng the year the Charity t¥Jlt an exta) to Churd). Tr Chwd) tonsare avaSIab forythi by the W1C Wh the Churd) b opa). CREDITORS: AMOUNTS FALLING WtTHIN ONE YEAR 2025 2024 1.080 CAEDrroRS: AMOVNTS FALLING DUE AFTER MORE ThAN ONE YEAR 2025 2024 Bank b3rts (see note 9) 0r credito 756,506 724,860 1,302.5(AS 1,270,860 anaty&s clthe mattty c(l(k3fs i5 giv bdw.. 2025 2024 Arnnts f41iw due In than five yws.. Rey3e otheThYse than by intilmsts.. Bank loans mre 5 yrs nondnst io. SEaiRED DEBTS The seaxed debts are nded vAthin creditors.. 2025 2024 Bank ba The Bank Loan was $ttUj by way of a fir legal charge over the free property, granted by tre Gred( Orth(x Cffi)munW TrTffte AtK6U85 Hertftrtshire". pe9 rxjed...
THE GREEKORTHODOX COMMUNITY THE TWELVE APOSTLES HERTFQRDSHIRE NOTESTOTHE FINAflCtAL STATEMENTS- ciKrtinued FOR THE YEAR ENDED 31 DECEMBER 2025 ii. MOVEME1 114 FLINDS Net At 1.1.25 In funds 31.12.25 Unre5tsirted fvnds General fund 1,535,644 4.2 1,539.924 TOTAL FUNDS 1.535,644 4,280 1,539,924 Net mov¥t In rfuded in the abl e a$f.. IrmmirvJ rwur Movement in knd5 enLd Unre5twicted fvnds Cneral fd 49,818 {45,5381 4,280 TOTAL FiINDS 49,818 {45,5381 4,280 Comparatlves for movement In lund5 Net At 1.1.24 in fijnds 31.12.24 UtyrestslLted funds Geral fvnd 1,531,540 4,104 1,535,644 TOTAL FLINDS 1,531,540 4,104 1.535.644 coMparae rt movement In fiJnd Ind in the above are asfdlows.. MoverrEnt In furK1s Unresblcted fvnd$ Genernl furk 51.160 147.056} 4,104 TOTAL FUNDS 51,160 147,056} 4,104 A (L¥rent year 12 mo)ths ar loryear 12 month5 aynb1 rxsbon f1015.. rfy)vement in fuT¥J5 At 1.1.24 31.12.25 Unrestthd furKIs Genttal furh 1,531,540 8.384 1,539.924 TOTAL FUNDS 1,531,540 8,384 1,539,924 Page 10 (£inU?...
THE GREEK ORTHODOX COMMUNzfY THETWELVE APOSTLES HEftTFORDSHIRE NOTES TO THE FINANCIAL sfATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 20_25 ii. MOVEMEiifiN FUNDS- COnnUed A currentyear 12 and prK)ryear 12 months cbin&j net in funds, indLvJed in above a asfoUM'. 1mirj Movement in fuThJ5 e%ded Unrestrlcted fund5 Gen1 fund 100,978 192,594) 8,384 TOTAL FUIIDS 100.978 192,594) 8.384 RELATED PARTY DISCLOSURES The Chanty reNed Unr&triCt donabms arTh)unting to £36,023 (2024.. £30,0(M)l in way of blth mmes asseis from The Greek ort0X CommLKNty 'The Twelve Apth" Hertfordshire Tw¢ which is the wabng Chwity. Wthin ots LTedito falling svithin than year there is a ba1zntr of £756,5 from The Twelve Ap05Ues Hertford5hire TrLL* 12024.. £724,860) that Is repayabfe dema. The Tn¢W rfthe Chaty are ofThe Greek CtrttKx1ox ConMuty Apcde5" Hertfordthre TnLsL Page 11
THE GREEK ORTHODOX COMMUNITYThE TWELVE AposllES HERTFORDSHIRE oAlLED ATEME1 OF FINANCIAL ACTIVMES FOR THE YEAR ENDED 31 DECEMBER X125 2025 2024 INCOME AND ENDOWMElflS Donaiions and leg•aes DtIon5-NO Grft Aid 36,023 30,C Invesbnent In(orne 13,795 21,160 Totsl incorniny resourc 49.818 51.160 ExpeNDrnIRE Management Rat£% and water Rep4its arKI renewaL AcLwntsnLV Fe25 Dewea'atK¥I of tawbk arK1 Iwiiage asts 647 2,711 1,080 1,992 I,oeo 2,237 6,430 3.317 Fknance Bank ttrges arK1 inte Bank loan interest 26 39,(fj2 43.739 39.lQ8 43,739 Totsl re5wr(Es experda 45,538 47,056 Net Income 4,280 4.104 page drts not forni part clthe &atutLry finanti* ststements Pa9e 12