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 beC0￿S our secretary and Aidan Hart who is ni)w our vice President. Educational we have been running with success the Varangian Club {e￿ry 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. We￿e 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 charIt￿S 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 {990) Closing Blanace 3.694