PANAYIA ELEOUSA OF NorriNGHAM AND DERBY (Creek Orthodox Community of ihe Virgin Mary Eleousa) Report and Financial Ststements Year ended 31 Deeember 2023 Charity Number: 11021M3
PAIYAYIA ELEOUSA OF NolGuAm AND DERBY CONTENTS PAGES Rert of the Tnle¢S Report of the Independent Examiner Statement of Financial Activities Balance Shcet Notes to the Finaneial Statements
PANAYIA ELEOUSA OF NOTTINGHAM AND DERBY R¢port of the Trnst¢es for tbe year eDd¢d 31 December 2023 The trustees submit their annual rep)rt and financi statem¢nts for the year ended 31 December 2023. The trustees have adoptcd the provision of the Statement of Recommended Accounting Practicc, Accounting and Rewrting by Charities (SORP 2005) issu¢d in May 2008. In preparing the atmual rewrt and fiJ)ancial slatements the trustees have taken advantsge of the concessions allowed for smaller charities. The charity. which is also known as-Th¢ Greek Orthodox Community of th¢ Virgin Mary Eleousa" w&s registered on I l February 2004. 1102043 Charity Number: Principle Addte&s: 184 Derby Road New Lenton Nottingham NG7 INF Charities trustees during the year His Eminence, Archbishop Nikitas Christos Michael George Neocleous Petros Christou Andreas loanides Dimitros Zoumas The charity IS governed by its Tnt Deed. Trustees are appointed by the existing trusiees for the tim¢ being in Consultstion with His Eminence the Archbishop of Thyateira and Great Briiain. Trustees shall hold meetings at le&8t once in every year. A quorum shall be three. Matters will bc det¢rniined by a majority of the trustees present and voling. Bankers.. NatwesL Loughix)rough Brdnch, Leicester LEI13NZ. Barclays Bank pl¢ Nottingham Nicholas & Co 18-22 Wigmor¢ Str¢et London WIU 2RG Solicitors: AccounLfjnt and Indend¢nt Examiner: P D CILristou F.C.C.A. 204 Francis Street Derby DE216DF (i)
PANAYIA ELEOUSA OF NOlGHAm AND DERBY Review of objectives, activities and achievements: (a) To advance the Greek Orthodox faith. Sunday s¢rvice in Church is n]aintained to high stsDdards and to continue this, the good remuneration of the resident priest has been maintsined. (b) To advanc¢ education and in particular but not exclusively education in the Gek Orthodox culDJre, includiDg the Greek Language. dancing and dram& During the year w¢ accommodated Greek dancing and cultural events and drama through the Supplementary Greek School for tkrby and Nottingham. The ckwity supporL8 the operation of the two Greek Schools by providing facilities such as making available th¢ Community Hall for school events for dram& festivities for Christm&s celebrations and Easter. as well &$ for teaching. The relief of the elderly, sick and disabled members of the Greek Community in particular through the supp)rL financial or otherwise, of such activities as lunch clubs- The charity made available during the year. the Community Hall, on a regular b&sis for communal me¢tings of the elderly where to coffee, cak¢s ¢tc were provided. The charity supported through the 8uxiliary gxiety "Philoptoxos" the help and support for the elderly and the sick member of out 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 th¢ onditions of life of the said beneficiaries. in particular but not ex¢lusively, 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 religiou& educational. cultural and clwitabl¢ purposes, and we have improved th¢ faciliti¢s for the younger and elder members of the community. Detsils of the charity's fllwicial activiti¢s, and fimds are given in the attached finance statetnent. All assets of the charity are held by the trustees in tnL8t for th¢ charity. This report was approved by the trustees on........ Gcorgc Neocleous on be f of the Tnees. (2)
PANAYIA ELEOUSA OF NOThJNGHAM AND DERBY Independent Examiner's Report to the Trustees of Panayia Eleousa of Nottingham and Derby I rep()rt on the accounts of the Tn for the year ended 31 December 2023 which are set out on pages 4 to 9. Respective Ruponsibilitiu of Trusttts and EIaminer The charity's tnjstees are resFK)nsible for the prepatation of the accounts. The charity's tnJste¢s consider that an audit is not Tequircd for this yur and that an independent examination is needed. It is my responsibility to: examine the accounts (Under section 145 of the 2011 Act): follow the procedures laid do in the General Directions given by the Charity Commission¢ts (under section 145 (9) of the 2011 Act. stste whether particular matters have come to my attention. Bgyis of Indep¢DdeDt ExAminer?s Statement My examination w&8 carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records k¢pt by the charity and a comparison of the accounts presented with those records. It also includes consideralion of any unusual items or disclosures in the accounts, seeking explanations from you as Inistees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently, I do not express an audit opinion on the view given by the accounts. IDdependeDt ExAminer's Statements In connection with my examinatsON no matter h&8 come to my attention: . which gives me reasonable cause to believe that in any Mala1 respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act. and to prepare accounts which accord with the accounting 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 be drawn in order to enable a proper understandi eacc be reached. Signed....... Name...PETROS D CHRISTOU Relevant professional qualification or IN)dy...kC.C.A. P D CHRISTOU F.C.CA. 204 Francis Street DERBY DE216DF (3)
PANAYIA ELEOUSA OF NOTTINGHAM AND DERBY es for the Year ended 31 Dember 202 ment of Financial Activi Noks 2023 2022 tNCOMING RESOURCES Donations and Gift5 Activities for genernting funds Gift Aid CTedit TOTAL INCOMING RESOURCES Legacy- John K07akis 66,302 61.447 68.302 63,447 20,000 RESOURCES EXPENDED Ministers Fees and Expenses Expenses of Minister's Residenc¢ Cleaning costs Water Rates Light and Heat Telephone and Int¢met Insurance- Chuwh Repairs and Maintenance Chantering classes CMndl¢s and Crosses Christening and Wedding Ccrtificales Christenin8 and Wedding expenses Sundry Donations Visitin8 Priests and Choir Costs Accountancy and Professional fees Loan Interest and Charges Sundry Expenses Deprecialion 20.489 6,388 2,8(Kl .552 13J82 935 4.070 3,314 1,770 20,226 4.775 5,252 1.110 7,950 959 5,170 1,325 3.740 975 1.540 2.477 5.657 2991 1,752 6252 3,930 2.102 168 16 TOTAL RESOURCES EXPENDED NET INCOMtNG (OUTGOING) RESOURCES Fund Balaft¢e brought forward at l January Fund Balance ¢8Tried forward 31 December 415 19,032 195,395 198.553 {4)
PANAYIA EtIOUSA OF NOTTINGHAM AIW DERBY Sheet at 31 tkccmbcr 2023 Balan Notes 2023 2022 FIXED ASSETS 272.029 266.626 CURRENT ASSETS Advance and Gift Aid Cash at Bank 7.81KI 25.928 5.800 39,643 CURRENf LIABILtEs Bank and other loans ( 74) T(YfAL ASSETS LF.&S CURRENT LIABILITIES Creditors falling due aft¢r more than one year NET ASSETS 296.383 304282 02 231.096 234254 Unr¢strict¢d Funds Generpdl Funds R¢stri¢ied Funds Designated Funds 195.395 198.553 231.096 234.254 The fulancial stat¢mettts were approved by the trUSte¢s on... 0-10- 24L George Neo¢leou8 (5)
PANAYIA KLEOUSA OF NOrnNGHAM AND DERBY to th Financial Statemen l Deccmber 2023 for th¢ Yeor end No l. Accouttting Polici¢8 The fiancial statcments have IKeD prepared under the historical cost convention and ID accordance with Statement of Recommended Accounting Practice, Accounting and Reporting by Charities (SORP 21K15). Advantage be¢n tsken of the wlcessions allowed for smaller Charities. 2. T•DRible Fixed Assets Depreciation h&s been provided at the followin8 rat¢s in order to wri* off the assets over th¢ir e5timY4ted useful lives. Straight Lin¢ 1.5 Vo per onnum IMf/• per annum Freehold Property Church Fixtures and Equipm¢nt Minister's Residen Furniture and Fittings 25Q/o w anDum 3. Incoming Re8our¢es 2023 2022 Donations and Gifis Church Collections Donations 38,995 33.782 66.302 64,447 {6)
PANAYIA KLEOUSA OF NOTfiNGHAM AND DERBY 4. Sundry Expenses 2023 2022 755 Miscellaneous items Calendars and Books Clergy Pcnsion Pest Control Import charge5 344 100 525 722 322 2.102 2022 5. RtPP41rs Attd MAlnttll%D¢e 21Y13 Fire and Saf¢ty New IkS Boiler s¢rvice Church repairs 1.585 1.467 249 3.314 1,325 (7)
PAI¥AYIA ELEOUSA OF NOTfiNGHAM AND DERBY 6. Fixed Awts Prowty Propety Church Residence 180-182 Fixtures Fixtures S8ndiacYe &Fittin Fittin TotAI Cost At l January 2023 Additions At 31 D¢cember 2023 246.192 246.192 12.459 14,9 318,596 5571 12.459 50.517 14.999 324.167 Depr¢ciation At l January 2023 Charge in the Year At 31 Decembu 2023 22.158 22.158 .427 14,217 14.168 51.970 1,595 14.217 14,168 52.138 Net Book Value At 31 December 2023 224.034 10,864 36J(Xi 831 272,029 At l January 2023 224.034 11,032 30,729 831 266,626 2022 7. Creditor5 due after one ye*r Bank loan 65287 70,028 (8)
PANAYIA ELEOUSA OFN(yrriNGHAMAND DERBY Unlestricted Funds Restrhcted Funds General Fwid Designated Fund Balance at l January 198.553 35.701 Movement in Fund Balance at 31 t)ecember 195.395 35.701 The designated fund reprcsents monies donated specifically for the purchase or development of a new freehold propert). (9)