The Orthodox Parish of St Aidan & St Chad Nottingham (Registered charity, number 1074066) Financial statements for the year ended 31 December 2023 Page Contents Trustees, annual report Independent examiner's report Re￿iptS & payments account Statement of assets & liabilities Notes to the accounts capLUS COMMUNITY ACCOUNTING The Orthodox Parish of St Aidan & St Chad Nottingham Trustees, annual report for the year ended 31 December 2023 Full name The Orthodox Parish of St Aidan & St Chad Nottingham Registered charity number 1074066 Principal address 20 Cromwell Street Carlton Nottingham NG4 1EN Trustees Gerald Patrick Fitzpatrick Williams, Chairperson Inna Morozova, Treasurer Alexey Bolsinov Pamela Wood, Secretary Simon Fleetwood Independent examiner John O'Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG15GL Governance and management The charity is operated under the rules of its trust deed adopted 16 January 1999. New trustees are appointed by current trustees according to their area of expertise and ability to make positive contribution. Members of the Parish may put themselves foward for consideration by the trustees. Objectives and activities Provide a place of Orthodox Christian worship for all and provide spiritual and emotional care and support to those in need. The promotion of orthodox faith worship and pastoral care within the parish which is in an area within a 60-mile radius of thereabouts of Nottingham. Summary of the main activities undertaken for the public benefit We provide a full cycle of Liturgical services with particular emphasis concerning the major calendar events and provide the facilities such as a fully stocked theological library, space for meetings and socialising and organising pilgrimages. Regular services are held in the Church: liturgies on Sundays and vespers on Saturdays. The church is open all day on Fridays for those who want to pray in private, talk to the Priest and help in the church. During major celebrations like Christmas and Easter, services are held daily. As a Parish we have a few pilgrimages during the year, members of our Parish and clergy participate in the annual conference of the DI0￿Se of Sourozh held in June. The Orthodox Parish of St Aidan & St Chad Nottingham Public benefit statement The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit,. Summary of the main achievements during the period The Parish continues to grow with the number of parishioners reaching 200 on a church roll. The average weekly attendance is 60-70 people and this figure increases during major festive periods during Christmas & Easter. As well as our regular seniices, parish members benefit from the special ServI￿S related to very important moments of life like baptisms. weddings & funerals. Financial review The Charity's principal source of funds are voluntary donations by stsnding orders and cash collections during the seniices. The Charity also claims Gift Aid from HMRC. Major expenditure for the year are.- building maintenance, utility expenses, insurance, church items & vestments and Priests, stipend. The net surplus for the year is £17,942. The charity's policy on reserves The trustees do not have a formal reserve policy. although there are three designated funds. Signed on behalf of the charity's trustees: Signed Gerald Patrick Filzpatrick Williams, Trust Independent examiner's report to the trustees of The Orthodox Parish of St Aidan & St Chad Nottingham for the year ended 31 December 2023 I report to the trustees on my examination of the accounts of The Orthodox Parish of St Aidan & St Chad Nottingham (the charity) for the year ended 31 December 2023. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act. or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed John O'Brien Moc, FbCA, FCIE Employee of Community Accounting Plus Date 2310712024 The Orthodox Parish of St Aidan & St Chad Nottingham Receipts & payments account for the year ended 31 December 2023 2022 2023 Note Receipts 11843 Cash Collections 13359 Gift Aid & Donations 3480 Sales (books, icons, calendars, etc.) 1856 Sale of candles Bank interest earned Total receipts 15982 18810 2116 3606 272 40786 30547 Payments 2683 Utilities & BT 1467 Insuran 813 Service and maintenan 3054 Security 1013 Candles 910 Wooden Cross, priest's vestments, candle stands 194 SubsIstan￿ for the conferen 600 Consumables & small church items 395 Building maintenance 2821 Icons, books, crosses, calendars 86 Annual domain eastmidlands orthodox, 123 web host 4800 Priest Stipend Accounts examination CA Plus Accommodation & Mileage, taxi, priests visits 700 Donations 19536 Total payments 3388 1581 1098 600 1000 1478 470 1005 2888 1618 115 4800 420 2383 22844 11011 Net receiptsl(payments) 53652 Cash funds at start of this period 64663 Cash funds at end of this period 17942 64663 82605 The Orthodox Parish of St Aidan & St Chad Nottingham Statement of assets and liabilities at 31 December 2023 2022 2023 Cash assets Bank accounts Cash in hand Note 64663 82285 320 82605 64663 Other monetary assets Debtors 522 522 563 563 Assets retained forthe charity's own use Freehold building at the address 20 Cromwell Street, Carlton, Nottingham, NG4 1 EN. Building was valued at £450,000 in 2010 Alarm system upgrade, purchased March 2022, cost £1,654 Heaters, purchased November 2023, cost £2.628 Liabilities Creditors 1170 (1170) 468 {468) These financial statements are accepted on behalf of the charity by: Signed Inna Morozova, Dated / .fj72Z/ rustee The Orthodox Parish of St Aidan & St Chad Nottingham Notes to the accounts for the year ended 31 December 2023 1. Receipts & payments accounts Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand. 2. Grants & donations Unrestricted Totsl GiftAid SurKlry grants & donations 3693 15117 18810 3693 15117 18810 3. Funds analysis Opening Receipts (Payments) Transfe balance Closing balance Unrestricted funds General 50719 Priest Discretionary fvrKI 2138 Building Maintenance fu￿1 8903 Priest StiperKI furKI 2903 64663 31145 (13588) (2400) 1808 (1568) 4040 (2888) 3793 4800 40786 (22844) 65876 2378 11255 3096 82605 1200 1200 Priest Discretionary fund is funded by individual donations and was created to facilitate purchase of church items & vestments. Building Maintenace fund was created to cover major building maintenance and repair expenditure. It is funded from direct donations made by individual parishners. Priest Stipend fund is funded by individual donations and also by transferring Gift Aid received from HMRC. The fund was created to allow the Charity to pay monthly stipend to the Priest. The Orthodox Parish of St Aidan & St Chad Nottingham 4. Prepayments Insurance 563 563 5. Creditors Independent examination fee 468 468 6. Premises & staff The premises are owed by the charity. There are no staff employed. A stipend is paid to the priest. 7. Trustees, remuneration Trustees re￿iVed no expenses, remuneration or benefits in this period. 8. Glossary of terms Creditors: These are amounts owed by the charity, but not paid during the accounting period. Prepayments: These are ServI￿S that the charity has paid for in advance, but not used during the accounting period.