Charlty number: 1087910 GREEK ORTHODOX COMMUNITY OF THE 318 HOLY FATHERS OF NICEA UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 YWR Partners Protqctlli9 your future.
GREEK ORTHODOX COMMUNITY OF THE 318 HOLY FATHERS OF NICEA FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 coTrirENTS Page Reference and admlnlstrallve details TtUSt8es' repDrt Indepondent examlne¢s repc*l Receipts and paymen15 ststem8nt of assets Analysi8 of Funds Notes
GREEK ORTHODOX COMMUNITY OF THE 318 HOLY FATHERS OF NICEA FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS Trustees Mr B Vanezi MrAHart Mr L Thomas Mr A Pavel MrNMoo Mr A Stojanovic MrSAze Mr W Morris Dr D Lewis Ms V Davies Ms E Maoudis Ms E Morrts Mr F Nicolaou Ms D Moldov8n Mr V Vanezi Mr S Avr8am Mr O Williams (President) (Vice - President) Secretary) (Treasurer) (President) (Vice-president) (Secretary) Appointed 1810612023 Appointed 1810612023 Resigned 1810612023 Resigned 1810612023 Resigned 3010412023 Resigned 1810612023 Appointed 1410312024 Resigned 1810612023 Resigned 1810612023 Resigned 1810612023 Resigned 1810612023 Appointed 1910312023 Appointed 1810612023 Appointed 1810612023 Charity registered number 1087910 Principal office 34 Old Rose Drive, Sutton Grang8, Shr8wsbury, SY2 6FJ Accountant8 WR Partners, Belmont House Shrewsbury Business Park Shrewsbury SY2 6LG
GREEK ORTHODOX COMMUNITY OF THE 318 HOLY FATHERS OF NICEA FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES, REPORT The TNslees present thelr annual report togelher with the financial statements of Greek Orthodox Community of the 318 Holy Faihers ol Nicea (the charity) for the year ended 31 December 2023. STRUCTURE. GOVERNANCE AND MANAGEMENT . Constitution The d)arfty was constituted by Deed on 14 May 2001 ar Is regislered wllh Ihe Ch8rlty Commission under charity number 1087910. b. Method of appointment or election of Tru5tses The )Wer of appolntlng new trustees hereof shall be vested In the surylving or contlnuing Irustees for Ihe time being (excluding any retiring trustees). c. Organisational Structure and declslon maklng The affairs of the charity are administered by its community board. Y4hich meets at least bi-monthly and ich is composed of not less than 8 Greek Orthodox Christians. Th8 Ar¢hdioc8se may. rf il wishes. appolnl up to 4 more, bringing the total to 12. d. Risk man•g•m•nt Thè Trusle8s have examined the major slrategic, business and operational risks which the charity faces and confirms that syslems have b8en eslablished to mltigale the charltys exposure lo th& major risks identified. OBJECTIVES AND ACTIVITIES a. Policles and objectlves The principle object of the Charily is "by such means as are charitable" to promole the Greek Orthodox faith to advanca public education and to relieve poverty. si(*n8ss and distress and lo prcwde lacililies in the interests of social welfare for iecreation and leisure time activities with the object of improving the condltlons of life for the inhabllanls of the County of Shropshire and il environs. b. A¢tlvttles for achieving objectives The Trustees of the Charity are awar8 of the Charity Commissicffl's revised guidance on public benefit in The AdvanGement of Religlon for the Public Benefit and have had regard to it in their administrallon of Ihe Charily.
GREEK ORTHOIK)X COTrIMUNITY OF THE 318 HOLY FATHERS OF NICEA FINANCIAL STATEMENT FOR THE YEAR ENDED 310ECEMBER 2023 TRUSTEES, REPORT ACHIEVEMENTS AND PERFORMANCE . Golng Goncern After making appropriato onqulrSe$. the Trustees have a reasonable expectatlon that the Charity has adequate resource5 to continue in operational existence for the foreseeable future. For this reason they continue lo adopt the going concem basis Sn weparing the financial stalemtrnts. b. Rovlèw of a¢tlvltle6 Du8 lo varfous drcumstances and the re$lgnallon of our secretary the remalnder of Ihe board declded to pull foward the elecllon for a new boanl: Instead of Octobei the elections have been held in June 2023. The community elected a new board. The new board members are: Stavros Avraam Aidan Hart Elenl Maouths Adrian Pavel Luke Thomas B8n Vanezi Vasos Van821 (knin Williams The new board held its Inaugural m88ting on 25, Jun8 2023 at whlch lh8 board elected: Ban Vanezi. who is n¢)w our presidenl, Adrian Pavel who remalns our treasurer. Luke Thomas who beC0S our secretary and Aidan Hart who is ni)w our vice President. Educational we have been running with success the Varangian Club {ery 3rd Sunday of the month). In Septembef at the restart of Ihe school year we h8ve registered 29 children attending the club which is very encouraging for our future generation growlh. During the 2023 we have recgived mor8 people into Orthodoxy which shows a great interest in orthodox failh in ShrewEbury area (Shropshire). The board members as well as Ihe community have been involved with delalllng and drawing up a projecl into how 8xlend the church to accommodale the growlh and interest in our f8ilh and rnosl important lo preserve il for Ihe years comlng. As wdl as working on the extenslon projècl the board looked into the possibility of maybe purchasing a new church rf anything becomes available which can fijlfll our needs. Another project of the year was landscaping the orchard. We repaired Ihe lence between us and our neighbouTS and niade the area Safe. Wee pul a temporary wooden slN¢lure whi¢h will act as a school room for the children of the communty as well as the board members can use il a$ a meeting place. As well as planting sonie trees, shrub and Il¢)wers and creating a m88ling place where tho communily can galher outside after the Sunday service and not only for a cof18e but the most important where they can soclallse. Last financial year we needed to fulfil a donalion to Ihe ARK for £177 which was done through Paypal on the 1110512023.
GREEK ORTHODOX COMMUNtTY OF THE 318 HOLY FATHERS OF NICEA FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES REPORT ¢. Inve$lmonl pollcy and porforman¢e In addltional to Ihe aim to retaln a prudènt amount in réserves each year. Ihe charItS funds have generally been required to be spent in the short-term. We are, however, now planning for Ihe medium to long term when maicK building work will be needed. PLANS FOR THE FUTURE Our slster charity SOCAF Is aiming to complete the purchase of last bil of land <a¢cess slrlp lo the orchard) from Taylor Wimpey as soon as possible and will contiwe to cooperate wilh the Community in future developrnent plans. The Greek Orthodox Community of the 318 Holy Fathers of Nicea charity will be used to contlnue to run the rch and to help th8 community. FINANCIAL REVIEW a. Ro8OIVO8 poII¢y It is the 8im of the Trustees lo m8int8in free reserves at a level equivalent lo a minimum ol three months unrestricted fund expendilure. 11 is deemed that thi& level is required due lo the charity objectives. Free reseNes al 31 December 2023 were £35.635 (2022: E42,510)- Total funds stood al £39,329 at year end. PLANS FOR THE FufuRE The land adjaGenl lo the church ha5 been purchased by the Sister chaiily SOCAF, that will c(M)perate with the Community in future development plans. The Greek Orthodox Community of the 318 Floly Father8 of Ni¢ea charity will be used lo ¢onlinue lo run the Church and to help the Community. This report was approved by the Trustees and signed on Iheir behalf by.. Trustee: Date: Adrian Pavel
GREEK ORTHODOX COMMUNITY OF THE 318 HOLY FATHERS OF NICEA FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 INDEPENDENT EXAMINER'S REPORT Independent Examiner's Rèport to the Trustees of I report on the financial ststements of the charity for the year ended 31 December 2023 which are set out on pages 6 to 7. This report is made solely to the charitys Trustees, as a body, in accordance with sectlon 145 of the Charities Act 2011 and regulations made under Section 154 of that Act. My work has been undertaken so that I might state to the chariws Trustees those matters l am required to stste to them in an Independent examinerfs report and for no other Purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report. Responsibilities and basis of report As the charitys trustees you are responsible for the preparation of the accounts in aGGordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the charty's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the appllcable Dlrections glven by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my exarnination. I confirm that no matertal matters have come to my attention in connection th the examination giving me caus8 to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the the accounts do not accord with those records. I have no concems and have come across no other matters in connection with the examination to which attention should be dravm in this report in order to enable a proper understanding of the accounts to be r8ached. TIM Lunt BA {Hons} FCCA MTPI WR Partners Chartered Accountants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG Dated: 1710712024
GREEK ORTHODOX COMMUNITY OF THE 318 HOLY FATHERS OF NICEA FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 RECEIPTS AND PAYMENTS RerAI ts 2023 Restrlcted Unrestrfcted Total Funds 2022 Total Funds Donatlons. 18gacles and grants Baptlsms. Weddings & Funerals 1,120 1,120 1,000 CollgGtions & Donatr'ons Candles Special collections Donabons & Members, subscriptions Priest B8sket Bank inl6r8st Other 15,180 15,180 15,575 3,110 20.968 3,110 20.968 3.289 5,028 16,909 16,909 11,922 9,257 218 3.406 9,257 218 3.406 Fundralslng events 29,874 29.874 Book Stall 1,918 1.918 2,726 Charltable actmty Tax Reclaimed 3,890 3.890 18,165 TOTAL RECEIPTS 29,874 75.976 105,850 57.705
GREEK ORTHODOX COMMUNrrY OF THE 318 HOLY FATHERS OF NICEA FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 RECEIPTS AND PAYMENTS 2023 Restricted Unrestricted Total lunds 2022 Total Funds Church aclivltlès Priest's fees Votivè candlos Lilurgical supplie5 Telford Church rent Archbishop Visit Prlest Baskets 23.351 2.857 1.268 400 23.351 2,857 1,268 400 22,850 1.475 400 9,258 9,258 R8palrs and Molntenan 21,857 21,857 2,200 Elgclrlcty 1,285 1,285 1.189 Insurance 1,381 1,381 1.378 Grants and donatlons pald Charitable Donallons Diocese and P8tr18rch Archdiocesan Central Fund Varangians & Youth 947 2.305 1.918 2.545 4.221 260 2,305 2,633 2.633 Admlnlstrailve costs General. printlng. poslage . Independent Examlner fee Fundralsing Subscriptlons 3,671 1.410 746 94 3.671 1,410 746 94 975 1.104 2.744 25 Bookstall 870 870 1,304 Camp St Sophrony 34.698 34.698 TOTAL EXPENDITURE 34,698 74,333 109,031 44,588 (DEFICITYSURPLUS FOR THE YEAR - 4,824 1.643 3.181 13,117 TOTAL FUNDS BROUGHT FORWARD 42.510 42.510 29.393 TRANSFER 8,518 8.518 TOTAL FUNDS CARRIED FORWARD 3,694 35.635 39,329 42.510
GREEK ORTHODOX COMMUNrrY OF THE 318 HOLY FATHERS OF NICEA FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 STATEMENT OF ASSETS 2023 Unrestricted R•8trl¢ted Total Funds 2022 Total Funds Mon8taryAsset Bank and cash held 35.635 3,694 39.329 42,510 Slgned on behalf of all th8 Trustees by. Truslee: Date: Adrlan Pavel .q.201 ANALYSIS OF FUNDS Balance as at 01-Jan-23 Recelpts Pajrynents Transfer Balanc& as at 31-Dec-23 GENERAL FUNDS General - cash Restricted Camp fund 42,510 75.976 29,874 74.333 34,698 -8518 8518 35,635 3.694 42.510 105,850 109.031 39,329
GREEK ORTHODOX COMMUNrrY OF THE 318 HOLY FATHERS OF NICEA FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 NOTES ABsets The Community of the Holy fathers own Ihe church building. It Is their current policy Is not lo include a valualion as il is conse¢r8ted 8nd that It vms previously included In the accounts at a valuation of £223,000. Related Party Transactions During 2023, there were no r918led porty transactions. (£400: 2022) Camp accounts 2023 At the beginnlng of 2023 the board member of the church agreed to help the camp St Sophrony with a bank account lemporary until the Gamp ilself manages to open a bank account lo operat8 on its own. The reason for helplng the camp was motlvaled by the fact the camp is Coordinated by Father Panteleimon, Unfortunatety, It took a blt longer than antlclpated and all the transaclions for 2023 camp activiti88 h8V8 b88n done from one of the dormant bank accoun18 8ThJing 668. I can confimi thè18St Iransacllon has been done on the 9th January 2024 vthen the funds have been transferred to the new camp account £3,693.83. Camp chority As al year end 3111212023 Restrlcled Funds Deslgnated Funds Unrestrlcted Funds Receipts Camp attendan1 fee's Bursaries Voluntary donalions 24.582 13,260 550 Payments Accomodalion fee Adivities Travel Food Admin Staff training costs Refunds (13,942) (6,866) (2,982) (8,010) (1,381) (527> {990) Closing Blanace 3.694