REGISTERED CHARITY NUMBER: 1083808
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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 2025
----- 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
----- End of picture text -----
THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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.
ACHIEVEMENTS 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 2025 and the Deficit generated from operations to the level of (£8,858) ( 2024 Deficit of (£3,860) ) which is drawn from Reserves. This was created mainly from continued extensive repair works and restricted fund raising events.
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 Gloucestershire 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 2025
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 20 March 2026 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 2025.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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
20 March 2026
Page 3
THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 31/3/25 | 31/3/24 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 30,284 | 31,168 | |
| Other trading activities | 2 | 5,838 | 5,088 |
| Investment income | 3 | 424 | 428 |
| Total | 36,546 | 36,684 | |
| EXPENDITURE ON | |||
| Raising funds | 13,973 | 13,195 | |
| Charitable activities | |||
| Donations | 26,973 | 22,490 | |
| Other | 4,458 | 4,859 | |
| Total | 45,404 | 40,544 | |
| NET INCOME/(EXPENDITURE) | (8,858) | (3,860) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 140,382 | 144,242 | |
| TOTAL FUNDS CARRIED FORWARD | 131,524 | 140,382 |
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 2025
| 31/3/25 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 81,630 CURRENT ASSETS Debtors 8 6,854 Cash at bank and in hand 44,104 50,958 CREDITORS Amounts falling due within one year 9 (1,064) NET CURRENT ASSETS 49,894 TOTAL ASSETS LESS CURRENT LIABILITIES 131,524 NET ASSETS 131,524 FUNDS 10 Unrestricted funds 131,524 TOTAL FUNDS 131,524 |
31/3/24 Total funds £ 86,088 7,431 47,751 55,182 (888) 54,294 140,382 140,382 140,382 140,382 |
|---|---|
The financial statements were approved by the Director the Board of Trustees and authorised for issue on 20 March 2026 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 2025
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 | ||
|---|---|---|---|
| 31/3/25 | 31/3/24 | ||
| £ | £ | ||
| Fundraising events | 5,838 | 5,088 | |
| 3. | INVESTMENT INCOME | ||
| 31/3/25 | 31/3/24 | ||
| £ | £ | ||
| Deposit account interest | 424 | 428 |
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 2025
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31/3/25 | 31/3/24 | ||
|---|---|---|---|
| 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 | 31,168 | ||
| Other trading activities | 5,088 | ||
| Investment income | 428 | ||
| Total | 36,684 | ||
| EXPENDITURE ON | |||
| Raising funds | 13,195 | ||
| Charitable activities | |||
| Donations | 22,490 | ||
| Other | 4,859 | ||
| Total | 40,544 | ||
| NET INCOME/(EXPENDITURE) | (3,860) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 144,242 | ||
| TOTAL FUNDS CARRIED FORWARD | 140,382 |
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 2025
7. TANGIBLE FIXED ASSETS
| Freehold Holy Property £ COST At 1 April 2024 and 31 March 2025 76,703 DEPRECIATION At 1 April 2024 24,817 Charge for year 1,038 At 31 March 2025 25,855 NET BOOK VALUE At 31 March 2025 50,848 At 31 March 2024 51,886 |
Fixtures Elements and and Icons Furnishings Totals £ £ 16,162 80,725 7,081 55,604 908 2,512 7,989 58,116 8,173 22,609 9,081 25,121 |
£ 173,590 87,502 4,458 91,960 81,630 86,088 |
|---|---|---|
| 8. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR Debtors Prepayments 9. CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 10. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
31/3/25 31/3/24 £ £ 4,104 3,616 2,750 3,815 6,854 7,431 31/3/25 31/3/24 £ £ 1,064 888 Net movement At At 1.4.24 in funds 31.3.25 £ £ £ 140,382 (8,858) 131,524 140,382 (8,858) 131,524 Incoming Resources Movement resources expended in funds £ £ £ 36,546 (45,404) (8,858) 36,546 (45,404) (8,858) |
|---|---|
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 2025
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 Unrestricted funds General fund TOTAL FUNDS |
Net movement At At 1.4.23 in funds 31.3.24 £ £ £ 144,242 (3,860) 140,382 144,242 (3,860) 140,382 Incoming Resources Movement resources expended in funds £ £ £ 36,684 (40,544) (3,860) 36,684 (40,544) (3,860) follows: Net movement At At 1.4.23 in funds 31.3.25 £ £ £ 144,242 (12,718) 131,524 144,242 (12,718) 131,524 |
|---|---|
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 | 73,230 | (85,948) | (12,718) |
| TOTAL FUNDS | 73,230 | (85,948) | (12,718) |
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 2025
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 10
THE GREEK ORTHODOX COMMUNITY OF ST. JOHN CHRYSOSTOM IN CHELTENHAM & ENVIRONS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 31/3/25 | 31/3/24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Sunday Collection and Services | 5,029 | 7,811 |
| Donations | 23,650 | 21,077 |
| Subscriptions | 1,605 | 2,280 |
| 30,284 | 31,168 | |
| Other trading activities | ||
| Fundraising events | 5,838 | 5,088 |
| Investment income | ||
| Deposit account interest | 424 | 428 |
| Total incoming resources | 36,546 | 36,684 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Rates and water | 72 | 43 |
| Insurance | 8,458 | 5,242 |
| Light and heat | 2,726 | 3,911 |
| Telephone | 458 | 818 |
| Postage and stationery | 109 | 139 |
| Event Costs | 1,520 | 1,572 |
| 13,343 | 11,725 | |
| Other trading activities | ||
| Incense and Candles | 179 | 254 |
| Archdiocese of Thyateira | 350 | 1,095 |
| Bank Charges and Interest | 101 | 121 |
| 630 | 1,470 | |
| Charitable activities | ||
| Donations | 350 | 100 |
| Other | ||
| Depreciation of tangible fixed assets | 4,458 | 4,859 |
| Support costs | ||
| Information technology | ||
| Web Page - Internet | 240 | 120 |
| Repairs and renewals | 10,930 | 6,622 |
| 11,170 | 6,742 | |
| Human resources | ||
| Travel | 1,795 | 1,880 |
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 2025
| 31/3/25 | 31/3/24 | |
|---|---|---|
| £ | £ | |
| Human resources | ||
| Other | ||
| Cleaning and Consumables | 1,940 | 1,500 |
| Governance costs | ||
| Wages | 9,375 | 11,380 |
| Accountancy and legal fees | 2,343 | 888 |
| 11,718 | 12,268 | |
| Total resources expended | 45,404 | 40,544 |
| Net expenditure | (8,858) | (3,860) |
This page does not form part of the statutory financial statements
Page 12