PANAYIA ELEOUSA OF No[NGHAm AND DERBY (Greek Orthodox Communhy of the Vtrgin Mary Eleou$a) Report •nd Financial Ststements Year ended 31 Deeember 2020 Charity Number. 1102043
PANAYIAELEOUSA OF NOTrtNGHAMAND DERBY CONTENTS PAGES Report of the Tn Report of the Indep¢ndent Examiner Statement of Financial Activities Balance Sheet Notes to the Finsncial Statements
PANAYIA ELEOUSAOFNOTfINGHAM AND DERBY Report of the Trustees for the year eDded 31 De¢embtr 2020 The trSte¢S submit their annual rert and financial statements for th¢ year ended 31 December 2020. The tntstees have adopted the provision of the Statement of Recommended Accounting Practi¢e. Accounting and Rewrting by Charities (SORP 2(X)5) i&sued in May 2(X)8. In preparing the annual tcp)rt and financial stat¢ments the trustees have taken advantage of the conc810nS allow for smaller charities. The charity. which is also known as -The Greek Orthodox Community of the Vugin Mary Ele0- was registered on 11 Febnwy 2004. 1102043 Charity Number. Principle Address: 184 Derby Road New Lenton Nottingham NG7 INF Charities trustees during the year His Eminence, Archbishop Nikitas Jobn Kozakis George Nicholas George Neocleous Petros Christou The charity is govemed by its Tn Da. Trustees are appointed by the existing for the tim¢ being in consultation with His Eminence the Archbishop of Thyateira and Great Britain. TTUStees shall hold meetings at le&%t on¢e in every year. A quorum shall k three. Matters will be determlned by a majority of the trustees present and voting. Bankers: NatwesL LoughFA)rough Brancl Leicester LEI13NZ. Barclays Bank plc Nottingham Nicholas & Co 18-22 Wigmor¢ Street London WIU 2RG Solicitors: Accountant and Independent Examiner. P D ChTiStou F.C.C.A. 204 Francis Street Derby DE216DF {1)
PANAYIA ELEOUSAOF NOTfiNCIIAM AND DERBY Review of objectives, a¢tiviti¢s and achievements: (a) To advance the Greek Orth(Klox fait Sunday service in Church is maintsined to high standarth and to continue thi& the good remuneration of the resident priest has been mainthined. (b) To advance education and in particular birt not exclusively education in the Gr¢¢k Orthodox culture, including the Greek Language. dancing and drama. During thc year we aCmMOdated Greek dancing and Cultural ev¢nts and drgma through the Supplementary Greek School for Derby and Nottingham. The charity supports the operation of the two Oreek Schools by providing facilities such as making available the Community Hall for school events for dram& festivities for Christmas celebrations and Easter, as w¢ll as for teaching. The reli¢f of the ¢lderly, sick and disabled members of the Greek Community in particular through the supporL financial or otherwise, of such activities as lunch clubs: The charity made availabl¢ during the year, the Community Hall. on a regular basis for communal meetings of the elderly where w coffee, cakes etc were provided. The charity SUPEK)rted through the auxiliary society -PhiloptOXO5" the help and suppjrt for the elderly and the sick member of our community. (d) To provide or assist in the provision of facilities for recreation and other leisure time occupation in the interest of social welfare with the object of improving the conditions of life of the said beneficiaries, in particular but not exclusively, the younger and older members of the community. The Community Hall is always made available for community events* promoting the objectives of the charity, for ligIous, educational, cultural and charitable purposes, and we have improved the facilities for the younger and eld¢r members of the community. Details of the charity's financial artiviti¢s, and fiu are given in the attached finance ststement. All assets of the charity are held by the tteeS in for the charity. This report was approved by the trustees on....... George NCleOuS on behalf of the Tn. (2)
PANAYIA ELEOUSAOF NOTfiNGHAM AND DERBY Independent Examiner's Report to the Trustets of Panyia Eleousa of Nottingham and Derby I rel on the accounts of the Trst for the year ¢nded 31 Deceml*r 2020 which are set out on pages 4 to 9. Respective RespoDsibilities of Trus¢tts Examiner The chsrity's trustees are r¢s)nSible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year and that an indetKndent examination is needed. It is my responsibility to: examine the accounts (under section 145 of the 2011 Act): follow the procedures laid down in the General DirectiODS givcn by the Charity Commissioners (under section 145 (9) of th¢ 2011 ACL State whether particular matters have come to my attention. Basis of IDdependent Euminer'8 Ststement My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. seeking explanations from you as trustees concerning any such matters. The proc¢dur¢s undertaken do not provide all the evidence that would be required in an audiL and conscquently, I do not express an audit opinion on the VI given by the accounts. IndepeDdent ExamiD¢r'J Ststements ID cornn¢ction with my examinatioo no matter has come to my attcntion: . which giv¢s me reasonable lls¢ to believe that in any material resped the requirements to keep accounting rewrds in accordanc¢ with section 130 of the 2011 Act. and to prepare accounts which accord with the accounting reconts and to comply with the a¢countin8 requirements of the 2011 Act have not been met. or 2. to whicm in my Opinio ati¢ntion should be drawn in order to enable a proper und¢rstanding o to Ix 8¢bed. Signed.. Date... Name...PETROS D CIIIUSTOU Relevant ptoftssiojjal qualifi¢Alion OT body...A.C.C.A. P D CHIUSTOU F.C.C.A. 204 Francis Street DERB Y DE216DF (3)
PANAYIA EiIOUSA OF N(yrrINGHAMAND DERBY tatement of Financial Activi for the Year DeM1 2020 Noles 2020 2019 COMING RESOURCES Donations and Gifts Activities for gerntIng Funds HMRC- Grants GiftAid Credit TOTAL fNCOMJNG RESOURCES 51J95 66,859 2,665 3.880 62.913 69.524 RESOURCES EXPENDED Ministers Fees and Exwses Expenses of Mtnister's R¢$idenee Cleantng costs Water Rates Light and Heat Telephone Insurnnce - Church and Vicarase Repairs and Maintenance Travelling expenses Candles and Crosses Christening and Wedding C¢rtificat¢s Christening and Wedding expenses Sundry Donations Visiting Priests and Choir Costs Accountancy and Professional fees Loan Interest 8nd Chapg¢5 Sundry Expenses Depr¢¢iation 15.703 3.849 5.428 16.680 2,878 3.184 1,124 6.938 459 4.257 1,158 543 6,779 631 4.338 1.512 150 198 60 1,130 8,090 1851 1.720 1,070 3.720 648 4219 1.642 TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOtNG) RESOURCES Fund Balan brou8ht forward at l January Fund Balance carried forward at 31 December 10.073 9,749 41 176,492 16&419 (4)
PANAYIA EiIOUSA OF NOTllNGHAM AND DERBY 31 Dec¢mFxr 202 Not¢s 21Y20 2019 FIXED ASSETS 267,942 269.024 Cash at Bank 29,946 22.531 CURRE1 LtABILITIES Bank and other lohns TOTALASSETS LESS CURRENf LIABILITIES Creditors falling du¢ after more than one year NET ASSETS 290.579 283,985 212.193 202,120 FUNDS Uftrestricted Funds Genernl Funds 176,492 166,419 Restrict¢d Funds D¢signat¢d Funds 212,193 202,120 The financial statements were apwov by the InL8lees (xi......... eorge Neocleous (5)
PANAYIA ELEOUSA OF NOTfINGIIAM AIW DERBY totheFi anciai Statements for the Year enda 31 tkcem l. Accounting Poli¢it8 The fmancial statements have prepared under the historical cost convention and in accordance with Staternent of Recommended Accounting Practic4 Arxounting and R¢porting by Charities (SORP 2(K)5). Advantage ha5 taken of the nCeSS1on$ allowed for smv411er thariti¢5. 2. Tamgfible FiThJ Asjets D¢preciation has been provid¢d At the following rates in ordcT to WTite off the ass¢ts ov¢r their estimated useful lives. Sts8ighi Lin¢ 1.5 %wannum Freehold Prowty Church Fixtures 8nd Equipment Minister's Residenc< FurnitUTe and Fittin8S 25Y• per annum J. ID¢oming Rejourtog 21)20 2019 tkinattons and Gifts chUh Collections Donations 18,728 33,295 SlJ95 66.859 (6)
PANAY ELEOUSA OF NOTfiNGHAM AND DERBY Sundry Expenses 2020 2019 Calendars and B¢x)ks T V Licenc¢ PostAges and printing Pest Control Other 436 156 570 153 337 420 162 648 13642 S. Repain and MaiDtewbAttee 2020 2019 GaTden Fire and Safety Sundry repairs 400 94 415 1,512 1,158 (7)
PANAYIA ElOUsA OF NOThINGHAM AIYD DERBY Fixed Assets ProFrty Church Residenc 181>182 Fixttwes Fixtures & Fittin Total Cost At l January 2020 Additions At 31 December 2020 246.192 246,192 12,459 38.772 14.999 312,422 12,459 41.938 14,999 315.588 Depreciation At l January 2020 Ch8r8e in the Year At 31 Decemb¢r 2020 18,465 14.7n 885 14217 13.524 43,390 1,072 ]4217 13.892 47,646 Net Book Value At 31 December 2020 227,727 11.387 27,726 ,107 267,942 At l January 2020 231.420 11574 24.555 1,475 269,024 7. Credltors due After o•e yar Bank loan 2020 2019 78J86 81,865 {8)
PANAYIA lllOUSA OF NOTfiNGHAM AND DERBY UDffstrict¢d Fw)(Ls General Fund Restricted Funds Desiwth Fund Balance at l January 166,419 35,701 Movement in Fund Balance at 31 De¢emt 176.492 35,701 The desi8nated fund r¢pents monies donatrd splf1¢&I for the purchase or development of a n¢w fr¢ehold proFaty. (9)