The Orthodox Parish of St Aidan & St Chad Nottingham (Registered charity, number 1074066) Financial statements for the year ended 31 December 2024 Page Contents Trustees, annual report Independent examiner's report Receipts & payments account Statement of assets & liabilities Notes to the accounts capLUS The Orthodox Parish of St Aidan & St Chad Nottingham Trustees, annual report for the year ended 31 December 2024 Full name The Orthodox Parish of St Aidan & St Chad Nottingham Registered charity number 1074066 Principal address 20 Cromwell Street Carlton Nottingham NG41EN Trustees Gerald Patrick Fitzpatrick Williams, Chairperson Jonathan Pearce, Treasurer (from 1910112025) Pamela Wood, Secretary Simon Fleetwood Alexey Bolsinov Inna Morozova Ricky Peter Sangster (from 1110512025) Nikki Stevenson (from 1110512025) Independent examiner John O'Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL 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 forward 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 or thereabouts of Nottingham. The Orthodox Parish of St Aidan & St Chad 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. 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 200-250. The average weekly attendance is 60-70 people and this figure increases during major festive periods during Christmas & Easter. As well as our regular services, parish members benefit from the special services related to very important moments of life like baptisms, weddings & funerals. Financial review The Charity's principal source of funds are voluntary donations by standing orders and cash collections during the services. The Charity also claims Gift Aid from HMRC. Major expenditure for the year are: building maintenance, utility expenses, insurance, candles, church items & vestments and Priests, stipend. The net surplus for the year is £14,357. 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 Fitzpatrick Williams, Truste Date 12 /I/zo-f Independent examiner's report to the trustees of The Orthodox Parish of St Aidan & St Chad Nottingham for the year ended 31 December 2024 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 2024. 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.. 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 MSC, AIA, FCIE Employee of Community Accounting Plus x Date /r The Orthodox Parish of St Aidan & St Chad Nottingham Receipts & payments account for the year ended 31 December 2024 2023 2024 Note Receipts Cash Collections Gift Aid & Donations Sales (books, icons, calendars, etc.) Sale of candles Bank interest eamed Total receipts 15982 18810 2116 3606 272 40786 19326 12035 2445 4253 784 38843 Payments Utilities & BT Insurance Setvice and maintenance Security Candles Wooden Cross, priesvs vestments, candle stands Subsistence for the conference Consumables & small church items Building maintenance Icons, books, crosses, calendars Annual domain eastmidlands orthodox, 123 web host Priest Stipend Accounts examination CA Plus Accommodation & Mileage, taxi, priests wsits Sunday school support, DBS ￿rtifIcateS Bank charges Total payments 3388 1581 1098 600 1000 1478 470 1005 2888 1618 115 4800 420 2383 4419 1599 511 950 1149 54 1370 4508 1955 115 4800 468 1534 1049 22844 24486 17942 64663 82605 Net receiptsl(payments) Cash funds at start of this period Cash funds at end of this period 14357 82605 96962 The Orthodox Parish of St Aidan & St Chad Nottingham Statement of assets and liabilities at 31 December 2024 2023 2024 Cash assets Bank accounts Cash in hand Note 82285 320 82605 96962 96962 Other monetary assets Prepayments 563 563 565 565 Assets retsined for the 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 Alam system upgrade, purchased March 2022, cost £1,654 Heaters, purchased November 2023, cost £2,628 Kitchen windows, purchased June 2024, cost £3,226 Liabilities Creditors 468 (468) 492 492 These financial statements are accepted on behalf of the charity by.. Signed Jonathan Pearce, Trustee Date 12/&/2u4 The Orthodox Parish of St Aidan & St Chad Nottingham Notes to the accounts for the year ended 31 December 2024 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 Sundry grants & donations 3828 8207 12035 3828 8207 12035 3. Funds analysis Opening Receipts (Payments) Transfers balance Closing balance U nrestricted funds General 65876 Priest Discretionary fund 2378 Building Maintenance fund 11255 Priest Stipend fund 3096 82605 33490 (14774) (2360) 82232 1580 (54) 3904 (4858) 1200 7597 3773 1160 4800 3229 96962 Priest Discretionary fund is funded by individual donations and was created to facilitate purchase of church items & vestments. Building Maintenance fund was created to cover major building maintenance and repair expenditure, It is funded from direct donations made by individual parishioners. Priest Stipend fund is funded by individual donations and also by transferring Gift Aid received from HMRC. The fund was Greated to allow the Charity to pay monthly stipend to the Priest. The Orthodox Parish of St Aidan & St Chad Nottingham 4. Prepayments Insuran 565 565 5. Creditors Independent examination fee 492 492 6. Premises & staff The premises are owned by the charity. There are no staff employed. A stipend is paid to the priest. 7. Trustees, remuneration Trustees received no expenses, remuneration or benefits in this period. Related party transactions During the year, Rob Wood, who is the spouse of Trustee Pamela Wood, was reimbursed mileage over the year totalling £1,200, to assist him in perfomiing his duties as Deacon of the Church. 9. 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 advan￿, but not used during the accounting period.