(Greek Orthodox Community of thevirgin Mary Eleousal
PANAYIA ELEOUSA OF NOTTINGHAM AND DERBY Report ofthe Trustees page 1-2 Report ofthe Independent Examiner page 3 Statement of FinacialActivities page 4 Balance Sheet page 5 Notes tothe FinanciaLStatements pages 6-9
RB The trustees submittheii annual report and financial statements fortheyear ended 31 December20204. The trustees have adopted the provision of the Statementof Recommended Accounting Practice. Accountingand Reporting bycharities ISORP 2005} issued in May2008. In preparingthe annual reportand financial statements the trustees have taken advantage ofthe concessions allowed forsmaller charities. The charity, which is also known as The Greek Orthodox Communty ofthe Virgin Mary ELeousa' was registered on 11 February2004. Charity Number: 1102043 PrincipLe Address: 184 Derby Road New Lenton Nottingharn. NG7 INF Charities trustees duringthe year: His Eminence. Archbishop Nikitas George Neocleous Petros Christou Andreas loannides Dimitris Zoumas The charity is governed by its Trust Deed Trustees are appointed bythe existingtrustees forthe time being in consuLtation with His Eminence the Archbishop of Thyateira and Great Britain. Trustees shall hold meetings at leastonce in everyyear. A quorum shalLbethree. Matters wlL be determined by a majority of the trustees present an(i voting. Bankers: Nalwest Loughborough Branch Leicester. LEII 3NZ Barclays Bank Plc, Nottingham Solicitors: NichoLas and Co 18-22 Wigrnore Street London, WIU 2RG Accountants and Independent Examiner. P.D. Christou FCCA 204 Francis Street Derby DE216DF
AY Review of objectives, activities and achievements: To advance of the Greekorthodox faith: Sunday sep4ice in Church is maintained to high standar(Is and to continue this, the good remuneration ofthe resident priest has been maintained. To advance education and in particular but not exclusively education in the Greek Orthodox culture, inclu(Jingthe Greek Language. dancing and drama: Duringthe yearwe accommodated Greekdancing and cultural events and drama through the Supplementary Greekschoolfor Derby and Nottingham. The charity supports the operation ofthetwo Greekschoois by providingfacilities such as making available the Community Hallforschoolevents fordrama, festivities for Christmas celebrations and Easter, as wellasforteaching. The reLief of the el(ierty, sickand clisabled members of the Greekcommunity in particularthrough the support, financial or otherwise. of such activities as lunch clubs: The charity made available duringthe year. the Community Hall, on a regular basis communal meetings ofthe elderlywhere tea, coffee, cakes etc were provided. The charitySUPPOrted through the auxiliary society"Philoptoxos" the help and supportforthe eLderlyand sick members of ourcommunity. To provide or assist in the provision of facilities for recreation and Other Leisure time occupation in the interests of socialwelfarewiththe object of improvingthe conditions of life of the said beneficiaries, in particular but not exclusively. the younger and oLdermembers ofthe community. Details ofthe charities financial activities, and funds are given in the attached finance statement. All assets ofthe charity are heLd bythe trustees intrust forthe charity. This reportwas approved Oythetrustees on...... g" Dimitris Zoumas on behalf ottheTrustees
ER In El I report on the accounts ofthe Trustfortheyear ended 31 December 2024which are set out on pages 4t0 9. Respectlve Responsibilities of Trustees and Examiner The Charity's trustees are responsible forthe preparation of the accounts. The charity's trustees consider that an auijit is not required forthis yearand that an independent examination is needed. It is my responsibility to: examine the accounts (undersection 145 ofthe 2011 Act} followthe procedures laid down inthe General Directions given bythe Charity Commissioners (undersection 145 {9) ofthe 2011 Act; anti state whether particular matters have come to my attention Basis of Independent Examlner's Statement My examination was carried out in accordance with General Directions given bythe Charity Commissioners. An examination includes a reviewofthe accounting record5 kept bythe charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you astrustees concerningany such matters. The procedures undertaken do not provide allthe evidence thatwould be required in an audit, and consequently, I do not express an auijitopinion on the viewgiven bythe accounts. Independent Examiners's statements In connection with my examination. no matter has corneto my attention: which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 ofthe 2011 Act. and to prepare accounts which accoid with the accounting records and to comply wtth the accounting requirements of the 2011 Act have not been met: or to which. in my opinion. attention shouLd be drawn in orderto enable a proper understanding of the accounts to be reached. Signed Name Petros Christou Relevant professional qualification or body.. Date....... s QLWW r-ccA P D. CHRISTOU FCCA 204 FRANCIS STREET DERBY DE216DF
IDec Donations and Gifts Net rental income GiftAid credit 77.025 13,856 66.302 93.709 IQQQ. 68.302 EXP Legalfees Ministers Fees and Expenses Expenses of Ministers Residence Cleaning costs Water Rates Light and Heat Telephone & Internet Insurance- Church Repairs and Maintenance Chantering classes Candles an(J Crosses Christening &WeddingCertificates Christening and Wedding Expenses Sundry Donations Visiting Choir Costs Accountancy Fees Loan Interest and charges Sundry Expenses Depreciation 1.022 28.190 20.489 6,388 2,800 1,552 13,382 935 4,070 3.314 1,770 3.212 11.615 668 4.520 6.314 1.327 2.072 180 1.032 3,880 2,250 1.540 2.477 5.657 6,404 2.721 8.398 6,252 168 DED ETI CE 9.422 -3,158 Fund Balances Brought Forward at l January Fund Balances Carried Forward at 31 December
IA 20 268.485 272,029 Advance- gift aid Cash at Bank 5.800 37,583 7.800 25.928 LIT Bank & other loans -9.540 -9.374 ET 302.328 296.383 fallinedue after morethan oneyear SU87 ND Unrestricted Funds General Funds 204.817 195.395 Restricted Funds Designated Funds The financial Statements were approved bythe trustees on... l?..: Zo.J ffl.qJ........ Dimitris Zoumas
BY Fi EnJJeLI! Dec The financial statements have been prepared underthe historical cost convention and in accordance with Statement of Recommended Accounting Practice. Accounting and Reporting bycharities (SORP 2005). A(ivantage has been taken of the concessions allowed for smaller charities. Depreciation has been provided atthe following rates in orderto write off the assets over their estimated useful lives: ht Freehold Property Church Fixtures & Equipment Minister's Residence, Furniture & Fittings 1112 % per annum 20 % per annum 25 % per annum in Donations and Gifts Church Collections Donations 42.450 38,995
ANDD Printing & stationery Calenda15 and Books Clergy Fund Pest Control MisceLleneous items 170 875 loo 105 322 24 Fire & Safety New locks Church Repairs 1,585 1.467
FN Property Property 180-182 Flxtures & Fixiures Church Residence Cost At ljanuary 2024 Additions At 31 December2024 246,192 12,459 50,517 14.999 324,167 4aL4 Depreciation At l January2024 Charge inthe Year At 31 December2024 22,158 1,595 14.217 14.168 52,138 536 Net Bookvalue At 31 December2024 At i January2024 Qredito Bank Loan
neral Fun Balance at l January Movement in Fund 195.395 35.701 Balance at 31 December The designateij fund represents monies Oonated specificaLly for the purchase or development of a new freehold property.