**REGISTERED CHARITY NUMBER: 1083808**
## **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2021 FOR**
## **THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS**
LARKOS & PARTNERS 128 STOKE LANE WESTBURY ON TRYM BRISTOL BS9 3RJ
**THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
||Page|
|---|---|
|Report of the Trustees|1 to 2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6 to 9|
|Detailed Statement of Financial Activities|10 to 11|
**THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1083808
**Principal address** Church View Coronation Road Stroud Gloucestershire GL5 3SL
## **Trustees**
His Eminence Archbishop Nikitas Mr C. Charis Mr A. Michael Mr S. Papageorgis Mr K. Neokleous Mr L. Christou Mr A. Petri Mr H. Christodoulou Mr A. Zodiates Dr. M. Apostolakis - appointed 14/12/2020 Dr. C. Hajiloizis - appointed 14/12/2020
## **Independent examiner**
## **LARKOS & PARTNERS**
128 STOKE LANE WESTBURY ON TRYM BRISTOL BS9 3RJ
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## **Organisational structure**
The Trustees are responsible for managing and protecting the Charity and its assets, ensuring that all operations are within the Charities Commission legislation. They meet at least once a year and more often if required.
The Ladies Philanthropic Committee has been elected to oversee the Philanthropic and Charitable activities of the Charity.
The Church Committee undertakes all the day to day operations of the Charity, including the church services, maintenance of the church buildings, fund raising and recreation activities.
## **Risk management**
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 1
**THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objectives of the Charity are to promote the Greek Orthodox Christian Faith and the Greek language and culture in the area of Cheltenham.
The principal sources of income for the Charity are donations from the community members, collections during church services and from fund raising events and social functions.
The primary expenditure of the Charity is the maintenance and upkeep of the church buildings, the provision of regular church services and the support of the philanthropic and charitable activities.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The Trustees ensured that regular church services took place. The aim is to keep these services and support Charitable activities and causes in Cheltenham and environment.
## **FINANCIAL REVIEW**
## **Reserves policy**
The Trustees are satisfied with the financial position of the Charity as at 31st March 2021 and the Surplus generated from operations to the level of £10,969 (2020 Deficit of ( £10,059 ) ) which is added to the Reserves to be utilised in future as needed.
Approved by order of the board of trustees on 11 February 2022 and signed on its behalf by:
## **Mr C. Charis**
Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS**
We report on the accounts for the year ended 31 March 2021, which are set out on pages four to nine.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
We have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out our examination we have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Our role is to state whether any material matters have come to our attention giving us cause to believe:
1. that accounting records were not kept as required by section 130 of the Act; or
2. that the accounts do not accord with those records; or
3. that the accounts do not comply with the accounting requirements of the Act; or
4. that there is further information needed for a proper understanding of the accounts.
## **Independent examiner's statement**
We have completed our examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission we have found no matters that require drawing to your attention.
## **LARKOS & PARTNERS**
128 STOKE LANE WESTBURY ON TRYM BRISTOL BS9 3RJ
11 February 2022
Page 3
**THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|||31/3/21|31/3/20|
|---|---|---|---|
|||Unrestricted|Total funds|
|||fund||
||Notes|£|£|
|**INCOMING RESOURCES**||||
|**Incoming resources from generated funds**||||
|Voluntary Income||30,838|32,342|
|Activities for Generating Funds|2|6,938|3,611|
|Investment Income|3|15|43|
|**Total Incoming Resources**||37,791|35,996|
|**RESOURCES EXPENDED**||||
|**Costs of Generating Funds**||||
|Costs of Generating Voluntary Income|4|9,742|13,535|
|Fundraising and Other Costs||1,067|2,235|
|**Charitable Activities**||||
|Donations||1,867|7,193|
|**Governance Costs**||8,782|17,235|
|**Other Resources Expended**||5,364|5,857|
|**Total Resources Expended**||26,822|46,055|
|**NET INCOMING/(OUTGOING) RESOURCES**||10,969|(10,059)|
|**RECONCILIATION OF FUNDS**||||
|**Total Funds Brought Forward**||146,777|156,836|
|**TOTAL FUNDS CARRIED FORWARD**||**157,746**|**146,777**|
The notes form part of these financial statements
Page 4
**THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS**
## **BALANCE SHEET AT 31 MARCH 2021**
|||31/3/21|31/3/20|
|---|---|---|---|
|||Unrestricted|Total funds|
|||fund||
||Notes|£|£|
|**FIXED ASSETS**||||
|Tangible Assets|7|98,115|98,993|
|**CURRENT ASSETS**||||
|Debtors|8|9,528|5,630|
|Cash at Bank and In Hand||51,034|43,066|
|||60,562|48,696|
|**CREDITORS**||||
|Amounts falling due within one year|9|(931)|(912)|
|**NET CURRENT ASSETS**||59,631|47,784|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||157,746|146,777|
|**NET ASSETS**||**157,746**|**146,777**|
|**FUNDS**|10|||
|Unrestricted funds||157,746|146,777|
|**TOTAL FUNDS**||**157,746**|**146,777**|
The financial statements were approved by the Director the Board of Trustees on 11 February 2022 and were signed on its behalf by:
**Mr C. Charis** Trustee
**Mr A. Zodiates**
Trustee
The notes form part of these financial statements
Page 5
**THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **Accounting Convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming Resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources Expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible Fixed Assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Freehold Property|- 2% on cost|
|---|---|
|Holy Elements and Icons|- 10% on reducing balance|
|Fixtures and Equipment|- 10% on reducing balance|
## **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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. ACTIVITIES FOR GENERATING FUNDS**
|Fundraising Events
**3.**
**INVESTMENT INCOME**
Deposit Account Interest
**4.**
**COSTS OF GENERATING VOLUNTARY INCOME**
Insurance
Light and Heat
Telephone
Postage and Stationery
Event Costs
Support Costs|31/3/21
£
6,938
31/3/21
£
15
31/3/21
£
3,738
2,980
507
193
482
1,842
9,742|31/3/20
£
3,611
31/3/20
£
43
31/3/20
£
3,515
6,684
498
362
1,495
981
13,535|
|---|---|---|
Page 6
**THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS**
**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021**
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **6. STAFF COSTS**
|Wages and Salaries
Teacher and Teaching Costs
The average monthly number of employees during the year was as follows:
Priest|31/3/21
£
6,520
1,020
7,540
31/3/21
1|31/3/20
£
13,684
2,525
16,209
31/3/20
1|
|---|---|---|
The average monthly number of employees during the year was as follows:
No employees received emoluments in excess of £60,000.
## **7. TANGIBLE FIXED ASSETS**
## **8.**
|Freehold
Property
Holy Elements
and Icons
Fixtures and
Equipment
£
£
£
**COST**
At 1 April 2020
76,703
7,316
80,725
Additions
-
4,486
-
At 31 March 2021
76,703
11,802
80,725
**DEPRECIATION**
At 1 April 2020
20,010
3,304
42,437
Charge for Year
1,134
401
3,829
At 31 March 2021
21,144
3,705
46,266
**NET BOOK VALUE**
At 31 March 2021
**55,559**
**8,097 **
**34,459**
At 31 March 2020
56,693
4,012
38,288
**DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR**
31/3/21
£
Trade Debtors
7,640
Other Debtors
1,888
9,528|Totals
£
164,744
4,486
169,230
65,751
5,364
71,115
**98,115**
98,993
31/3/20
£
4,808
822
5,630|
|---|---|
Page 7
**THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021**
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||||31/3/21|31/3/20|
|---|---|---|---|---|
||||£|£|
||Trade Creditors||931|912|
|**10.**|**MOVEMENT IN FUNDS**||||
||||Net movement||
|||At 1.4.20|in funds|At 31.3.21|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|146,777|10,969|157,746|
||**TOTAL FUNDS**|**146,777**|**10,969**|**157,746**|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement in|
|||resources|expended|funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|37,791|(26,822)|10,969|
||**TOTAL FUNDS**|**37,791 **|**(26,822)**|**10,969**|
||**Comparatives for movement in funds**||||
||||Net movement||
|||At 1.4.19|in funds|At 31.3.20|
|||£|£|£|
||**Unrestricted Funds**||||
||General fund|156,836|(10,059)|146,777|
||**TOTAL FUNDS**|**156,836**|**(10,059) **|**146,777**|
||Comparative net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement in|
|||resources|expended|funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|35,996|(46,055)|(10,059)|
||**TOTAL FUNDS**|**35,996**|**(46,055) **|**(10,059) **|
Page 8
**THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS**
**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021**
## **10. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net movement||
|---|---|---|---|
||At 1.4.19|in funds|At 31.3.21|
||£|£|£|
|**Unrestricted funds**||||
|General fund|156,836|910|157,746|
|**TOTAL FUNDS**|**156,836**|**910**|**157,746**|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement in|
|---|---|---|---|
||resources|expended|funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|73,787|(72,877)|910|
|**TOTAL FUNDS**|**73,787 **|**(72,877)**|**910**|
Page 9
**THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**INCOMING RESOURCES**
**Voluntary Income**
Sunday Collection and Services
Donations
Subscriptions
**Activities for generating funds**
Fundraising Events
**Investment Income**
Deposit Account Interest
**Total Incoming Resources**
**RESOURCES EXPENDED**
**Costs of Generating Voluntary Income**
Insurance
Light and Heat
Telephone
Postage and Stationery
Event Costs
**Fundraising and Other Costs**
Dinner and Dances - Fund Raising
Incense and Candles
Archdiocese of Thyateira
**Charitable Activities**
Donations
**Governance Costs**
Wages
Teacher Expenses
Accountancy
Legal and Professional Fees
**Other Resources Expended**
Depreciation
**Support Costs**
Web Page - Internet
Carried Forward|31/3/21
£
3,163
26,135
1,540
30,838
6,938
15
37,791
3,738
2,980
507
193
482
7,900
-
397
670
1,067
-
6,520
1,020
792
450
8,782
5,364
120
120|31/3/20
£
13,005
17,977
1,360
32,342
3,611
43
35,996
3,515
6,684
498
362
1,495
12,554
733
482
1,020
2,235
972
13,684
2,525
792
234
17,235
5,857
168
168|
|---|---|---|
This page does not form part of the statutory financial statements
Page 10
**THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|Brought Forward
Repairs and Renewals
**Other Overheads**
Travel
Hall and Other Hire
**Other**
Cleaning and Consumables
**Total resources expended**
**Net Income/(Expenditure)**|31/3/21
£
120
2,770
2,890
320
280
600
219
26,822
**10,969**
|31/3/20
£
168
5,408
5,576
115
1,356
1,471
155
46,055
**(10,059)**|
|---|---|---|
This page does not form part of the statutory financial statements
Page 11