PANAYtA ELEOUSA OF NOTfiNGHAM AND DERBY (Greek Orthodox Community of the Mary EleoU) Report 2nd FIDaDei81 Ststtments Yar eDded 31 Dec¢mb¢r 2022 Charfty Number. 1102043
PANAYIA ELEOUSAOFNOTrtNGHAMAND DERBY CONTENTS PAGES ReEN)rt of the Tr8t¢¢$ Rep)rt of the Independent Exami ststement of Financial Activities Balan¢e Sheet Notes to the FiDancial Statements
PANAYIA ELEOUSA OF NOThINGHAM AND DERBY Report of the Trustees for the year end¢d 31 December 2022 The trustees submit their annual re[ and financial statements for the year end¢d 31 December 2022. The trustees have adopt the pmvision of the Ststement of Recommended Accounting Practice. Accounting and Rep)rting by Charities (SORP 2005) issued in May 2008. In preparing the annual rert and fcial statcments the trustees have taken advantag¢ of the concessions allowed for smaller ¢lwities. The cl)arity, which is also known &8 e Greek Orthodox Community of the Virgin Mary Eleousa" was registered on I l Fcbnw 2(MM. 1102043 Charity Number: Principle Addr¢ss: 184 D¢rby Road New Lenton Nottingham NG7 INF Charities trustees during the year His Eminence, Archbishop Nikitss Christos Michael Georg¢ Neocleous Petros Christou Andreas Ioanid¢s Dimjt(is Zoumas The charity 15 governed by its Trust Deed. Trustees are appointed by the existing tnLStees for the time bein8 in ¢onsultation with His Eminence the Archbishop of Thyateirn and Great Britsin. TnteeS shall hold mcetings at least once in every year. A quonun shall be three. Matters will be determin¢d by a majority of the trustees prescnt and voiing. Bankers: NatwesL Lou8hix)rough Branc Leicester LEI13NZ. Barclays Bank pl Nottingham Nichol&s & Co 18-22 Wigmore Street London WIU 2RG Solicitors: Accountant and Independent Examiner: P D Christou F.C.C.A. 204 Frdncis Street Derby DE216DF
PANAYIA EIEOUSAOF NOTTINGHAM AND DERBY Review of objectiv¢& activities and achieveMeJ. (&) To advance the Gre¢k OrthX faith. Sunday sffYirA ID Cbur¢h is maintained to high standards and to continue this. the good temuneration of the resident priest bas Ixen nintaIn¢ To advance education and in particular but not cxclusively education in the Greek Orthodox culture. including the Greek Language. dancing and dra During the year we acconmiodated Greek dancing and cultural ¢vents and drama through the Supplementary Greek School for Derby and Nottingham. The charity supports the OFthtion of the two Greek Schools by providing facilities such &s making available the Community Hall for school events for thama, festivities for Christmas cclebrations and Easter, as well &8 for teaching. The r¢lief of the elderly. sick and disabled memb¢rs of the Grttk Community in particular through the supporL financial or othmvise. of such activities as lunch clubs: The charity made availabl¢ during the year, the Community Hall, on a regular basi8 for communal mectings of the elderly where tw coffee. cakes etc were provided. The charity SUPW)rted throu8h the aillary society "Philoptoxos" the help and SUPPK)rt for the eld¢rly and the sick member of our cL)mmunity. (b) (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 objed of improving the conditions of lif¢ of the said beneficiaries. in particular but not exclusively, the younger and older memE¢rs of the community. The Community Hall is always made available for conllnunity even promoting the objectives of the charity, for religio, educional, cultural and charitable puryx)s¢s. and we have improved the facilities for the younger and elder mcmtrs of the Details of the chatity's financial activitie4 and fund8 ate given in the attached fllwice statement. All a&sets of the charity are beld by the trustees in tsIL8t for the charity. i ¥ J£) This report was approv¢d by the In on.... George Neocleous on behalf of the Tntstees. (2)
PANAYIA ELEOUSA OF NOTTINGHAM AND DERBY JDdependent ExAminer'i Report to the Tnte¢S of Panayi Eleousa of Nottingham De I report on the accounts of the Tnl for the year ended 31 December 2022 which are set out on pages 4 to 9. Respective Responsibilities of Trnstees and Examiner The charity's t are resFK)nsibl¢ for the pr¢paration of the accounts. The charity's Irustees consider that an audit is not required for this year and that an independent examinthon is needed. It is my resFK)Dsibility to: examine the accounts (under se¢tion 145 of the 2011 Act): follow the proc¢dures laid down in the General Dir¢ctions given by the Charity Commission¢rs (under section 145 (9) of the 2011 Act. stste whether partiCUr matters have Come ts) my attention. Basis of Independent ExamlDer'J StslemeDt My examination was carritsl out in accordance with the General Directions given by th¢ Charity Commissioners. An examination includes a review of the ac¢ountin8 records kept by the charity and a comparison of the aCCOUDts presented with those records. It also includes consideration of any unusual items or disclosuT¢S in the accounts, seeking explanations from you as trustees concemin8 any such matters. The procedures undertsken do not provide all the evidence that would be required in an audit, and Consequently, I do not express an audit opinion on the VI given by the accounts. IndepeDdent Examln¢r8 StstemeDts In ¢onnection with my ¢xaminatiofy no matter bas com¢ to my attention: . which gives me reasonable cause to klieve that in any material respect the requir¢ments to keep allnting records in accordanL% with section 130 of the 2011 Act. and to prepare accounts which accord with the accountirtg records and to comply with the accounting requirements of the 2011 Act have not been met. or 2. to which, in my opinion, attention should bc drnwn in order to enable a proper understanding of the accounts to b¢ reached. Signed.. Name...PETROS D CHRISTOU Relevant professional qualification or 1...A.C.C. P D CHRISTOU F.C.C. 204 Francis Street DERBY DE216DF (3)
PANAYIA ELEOUSA OF NOTfiNGHAMAThD DERBY tat¢m¢ cial A viti f they 31 2022 Not&% 2022 INCOMING RESOURCES Donations and Gifts Activities for genernting fimd5 HMRC - Grants Gift Aid Credit TOTAL tNCOMNG RESOURCES L&gacy- John Kozakis 61.447 65,016 960 63,447 20,0(K) 69.976 RESOURCES EXPENDED Ministers Fees and Expens¢s Expenses of Minister's Residence Cleaning costs Water Rat¢$ Light and Heat Telephone Insurance - chUh and Vicarag¢ R¢pairs and Mointenanc¢ Candles and Cross¢s Christrning and Wedding Certificaies Christening and WeAding expenses Sundry Donations Visiting Priests and Choir Costs Accountancy and Professional fe¢s Loan Inter¢st and Char8es Sundry Expenses D¢pre¢iation TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES Fund Balancc brought forward al l January Fund Balance ¢8fTied forward at 31 December 20226 4.775 5,252 I,iio 7.950 959 5,170 1.325 3,740 975 15,813 7.493 5,303 349 ,549 807 4230 2.939 1.656 1,240 1,640 4.646 2.553 2.991 1,752 3,930 2.102 3.197 2.376 19,032 3,029 49 179.521 198,553 (4)
PANAYIA ELEOUSA OFNOTfiNGHAM AND DERBY Sheet at 31 2022 Notes 21Y22 2021 FIXED ASSE13 266.626 265.398 CURRENT ASSETS Advanc£ Cash at Bank 4.5(KJ 26,995 39,643 Bank and other loans ( J222) TiyfAL ASSETS LESS CURRENf LtABILITIES Creditors fallin8 due after mor¢ than one year 304,282 289.671 NET ASSETS 234254 215222 FUNDS Unrestrieted Funds General Funds Restricted Funds Designated Funds 198,553 179,521 234254 215.222 The financi ststernents wer¢ &pprov¢d by the truslees on..... George N¢ocleoll8 {5)
PANAYIA ELEOUSA OF NOTrING AND DERBY to e Financi Statements for the Year eDded 3 ber 2022 l. Actounting Polieies The financial stat¢meDts have been wider the historical cost convention and il) accordance with Ststmerjt of ReComMued Accounting PraciiLY. Accounting and R¢FKYrting by Chariti¢S (SORP 2(KIS). Advantage has Ixen tsken of the concessions allowed for smaller clwities. 2. Thnglble Flxed Assets D¢preciation has been Provided at the following rates in ortsr to write off the &ssets over their estimated use1 livos. Straight Line 1.5 Yo per aDniiiD (MP/• per annum Fr¢ehold Property Church Fixtures and Equipment Minister's R¢sidence, Furnilure and Fittings 25% per annum 3. IDcomln8 Re8ouru8 2022 2021 Donations and Gifts Church Collections Donations 33,782 32.827 61,447 65.016 (6)
PANAYIA ELEOUSA OF NOTfiNGHAM AND DERBY 4. SDndry Expenxes 2022 2021 MislIanCS items Cal¢ndars and Bwks T V Lic¢nce Clergy Pension Pest Control Import ¢harges Chantering classes 755 725 360 158 100 525 722 383 1102 2,376 Repoir• and mnIeanCe 2022 2021 Fire and Safety Computer r¢pairs Boiler service Church repairs 249 247 599 314 l J25 2,939 (7)
PANAYIA ELEOUSAOF NOThINGHAM AND DERBY Flx¢d Aets Prop Property chUh Residence I8182 Fixtures FiXreS Cost At l January 2022 Additions At 31 De£ember 2022 246.192 246.192 11459 43,550 14.999 317.200 12.459 44.946 14.999 318,596 Depr¢cialion At l January 2022 Ch8rge in the Year At 31 December 2022 22,158 22,158 1259 14217 14.168 51,802 1,427 14.217 14.168 51,970 Net Book Valuc At 31 De¢ember 2022 224,034 11,032 30,729 831 266,626 At l January 2022 224,034 112(KJ 29J33 831 265,398 21)22 2021 7. Crnlltorn due after one year Bank loan 70.028 74.449 (8)
PANAYIA ElOUsA OF NOTfiNGHAM AND DERBY Unrestricted Funds Re5tyiCtd Funds General Fund Desi Fund Balance at l January 179.521 35.701 Movement in Fund Balance at 31 Decemb¢r 198.553 35.701 Th¢ designated fund reprnts moniu donated 5cIfIcallY ft*r the purchase or development of a n¢w freehold property. (9)