**REGISTERED CHARITY NUMBER: 1083808** ## **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2023** **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 2023** **----- Start of picture text -----**
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 10
Detailed Statement of Financial Activities 11 to 12
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**THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **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 2023 and the Deficit generated from operations to the level of (£22,700) ( 2022 Surplus of £9,196 ) which is drawn from Reserves. This was created mainly from the extensive roof works and high utilities costs. ## **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 withing 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. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1083808 ## **Principal address** Church View Coronation Road Stroud Gloucesteshire GL5 3SL Page 1 **THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** **Trustees** Archbishop N. Lioulias Mr C. Charis Mr A. Michael Mr S. Papageorgis Mr K. Neokleous Mr L. Christou Mr H. Christodoulou Mr A. Zodiates Dr. M. Apostolakis Dr. C. Hajiloizis **Independent Examiner** Mr George Michael LARKOS & PARTNERS 128 STOKE LANE WESTBURY ON TRYM BRISTOL BS9 3RJ Approved by order of the board of trustees on 28 January 2024 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** ## **Independent examiner's report to the trustees of The Greek Orthodox Community of St. John Chrysostom in Cheltenham & Environs** I report to the charity trustees on my examination of the accounts of The Greek Orthodox Community of St. John Chrysostom in Cheltenham & Environs (the Trust) for the year ended 31 March 2023. ## **Responsibilities and basis of report** As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out 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** I have completed my examination. I confirm that no material 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 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. 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. ## **Mr George Michael** ## **LARKOS & PARTNERS** 128 STOKE LANE WESTBURY ON TRYM BRISTOL BS9 3RJ 28 January 2024 Page 3 **THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** |||31/3/23|31/3/22| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies||39,615|37,522| |Other activities|2|2,184|6,338| |Investment income|3|102|6| |**Total**||41,901|43,866| |**EXPENDITURE ON**|||| |Raising funds||21,149|27,664| |**Charitable activities**|||| |Donations||38,150|780| |Other||5,302|6,226| |**Total**||64,601|34,670| |**NET INCOME/(EXPENDITURE)**||**(22,700)**|**9,196**| |**RECONCILIATION OF FUNDS**|||| |Total funds brought forward||166,942|157,746| |**TOTAL FUNDS CARRIED FORWARD**||**144,242**|**166,942**| The notes form part of these financial statements Page 4 **THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS** ## **BALANCE SHEET 31 MARCH 2023** |31/3/23
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
7
90,947
**CURRENT ASSETS**
Debtors
8
8,288
Cash at bank and in hand
45,822
54,110
**CREDITORS**
Amounts falling due within one year
9
(815)
**NET CURRENT ASSETS**
53,295
**TOTAL ASSETS LESS CURRENT LIABILITIES**
144,242
**NET ASSETS**
**144,242**
**FUNDS**
10
Unrestricted funds
144,242
**TOTAL FUNDS**
**144,242**|31/3/22
Total
funds
£
96,249
8,312
63,377
71,689
(996)
70,693
166,942
**166,942**
166,942
**166,942**| |---|---| The financial statements were approved by the Director the Board of Trustees and authorised for issue on 28 January 2024 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 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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| |---|---| |Plant and machinery|- 10% on reducing balance| |Fixtures and fittings|- 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. OTHER TRADING ACTIVITIES** |**2.**|**OTHER TRADING ACTIVITIES**||| |---|---|---|---| |||31/3/23|31/3/22| |||£|£| ||Fundraising events|2,184|6,338| |**3.**|**INVESTMENT INCOME**||| |||31/3/23|31/3/22| |||£|£| ||Deposit account interest|102|6| continued... 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 2023** ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **5. STAFF COSTS** The average monthly number of employees during the year was as follows: |||31/3/23|31/3/22| |---|---|---|---| ||Priest|1|1| ||No employees received emoluments in excess of £60,000.||| |**6.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||| ||||Unrestricted| ||||fund| ||||£| ||**INCOME AND ENDOWMENTS FROM**||| ||Donations and legacies||37,522| ||Other trading activities||6,338| ||Investment income||6| ||**Total**||**43,866**| ||**EXPENDITURE ON**||| ||Raising funds||27,664| ||**Charitable activities**||| ||Donations||780| ||Other||6,226| ||**Total**||**34,670**| ||**NET INCOME**||**9,196**| ||**RECONCILIATION OF FUNDS**||| ||Total funds brought forward||157,746| ||**TOTAL FUNDS CARRIED FORWARD**||**166,942**| continued... 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 2023** ## **7. TANGIBLE FIXED ASSETS** |**7.**|**TANGIBLE FIXED ASSETS**|||||| |---|---|---|---|---|---|---| ||||||Fixtures|| |||Freehold||Holy Elements and|and|| |||property||Icons|Equipment|Totals| ||||£|£|£|£| ||**COST**|||||| ||At 1 April 2022 and 31 March 2023|76,703||16,162|80,725|173,590| ||**DEPRECIATION**|||||| ||At 1 April 2022|22,678||4,951|49,712|77,341| ||Charge for year||1,080|1,121|3,101|5,302| ||At 31 March 2023|23,758||6,072|52,813|82,643| ||**NET BOOK VALUE**|||||| ||At 31 March 2023|**52,945**||**10,090**|**27,912**|**90,947**| ||At 31 March 2022|54,025||11,211|31,013|96,249| |**8.**|**DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||| ||||||31/3/23|31/3/22| ||||||£|£| ||Debtors||||6,130|6,014| ||Prepayments||||2,158|2,298| ||||||8,288|8,312| |**9.**|**CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||| ||||||31/3/23|31/3/22| ||||||£|£| ||Trade creditors||||815|996| |**10.**|**MOVEMENT IN FUNDS**|||||| ||||||Net|| ||||||movement|At| |||||At 1.4.22|in funds|31.3.23| |||||£|£|£| ||**Unrestricted funds**|||||| ||General fund|||166,942|(22,700)|144,242| ||**TOTAL FUNDS**|||**166,942**|**(22,700)**|**144,242**| ||Net movement in funds, included in the above are as follows:|||||| |||||Incoming|Resources|Movement| |||||resources|expended|in funds| |||||£|£|£| ||**Unrestricted funds**|||||| ||General fund|||41,901|(64,601)|(22,700)| ||**TOTAL FUNDS**|||**41,901**|**(64,601)**|**(22,700)**| continued... 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 2023** ## **10. MOVEMENT IN FUNDS - continued** **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
A current year 12 months and prior year 12 months combined position is as|Net
movement
At
At 1.4.21
in funds
31.3.22
£
£
£
157,746
9,196
166,942
**157,746**
**9,196**
**166,942**

Incoming
Resources
Movement
resources
expended
in funds
£
£
£
43,866
(34,670)
9,196
**43,866**
**(34,670) **
**9,196**
follows:| |---|---| |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At 1.4.21
in funds
£
£
157,746
(13,504)
**157,746**
**(13,504)**|At
31.3.23
£
144,242
**144,242**| |---|---|---| 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| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|85,767|(99,271)|(13,504)| |**TOTAL FUNDS**|**85,767**|**(99,271)**|**(13,504)**| continued... Page 9 **THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **11. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2023. Page 10 **THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** ||31/3/23|31/3/22| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Sunday Collection and Services|6,550|4,823| |Donations|30,945|30,709| |Subscriptions|2,120|1,990| ||39,615|37,522| |**Other activities**||| |Fundraising events|2,184|6,338| |**Investment income**||| |Deposit account interest|102|6| |**Total incoming resources**|**41,901**|**43,866**| |**EXPENDITURE**||| |**Raising donations and legacies**||| |Insurance|5,079|4,432| |Light and heat|10,238|4,001| |Telephone|641|635| |Postage and stationery|537|724| |Event Costs|553|1,606| ||17,048|11,398| |**Other activities**||| |Incense and Candles|2,234|805| |Archdiocese of Thyateira|1,750|536| |Bank Charges and Interest|117|45| ||4,101|1,386| |**Charitable activities**||| |Donations|100|780| |**Other**||| |Depreciation|5,302|6,226| |**Support costs**||| |**Information technology**||| |Web Page - Internet|120|120| |Repairs and renewals|23,727|3,625| ||23,847|3,745| |**Human resources**||| |Travel|2,650|1,252| |Carried forward|2,650|1,252| This page does not form part of the statutory financial statements Page 11 **THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** ||31/3/23|31/3/22| |---|---|---| ||£|£| |**Human resources**||| |Brought forward|2,650|1,252| |Hall Hire|-|140| ||2,650|1,392| |**Other**||| |Cleaning and Consumables|402|347| |**Governance costs**||| |Wages|8,655|7,180| |School and Teacher Costs|1,680|1,400| |Accountancy and legal fees|816|816| ||11,151|9,396| |Total resources expended|**64,601 **|**34,670**| |**Net (expenditure)/income**|**(22,700) **|**9,196**| This page does not form part of the statutory financial statements Page 12