CYPRIOT COMMUNITY CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" MARCH 2025
CYPIUOT COMMUNITY CENTRE INDEX TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Pages General Infonnation Report of Truslees Independent Exaininer's Report Sialen)enl of Financial Activities Balance Sheet Statement of Cash Flows Notes lo the Financial Statements 10-16
CYPRIOT COMMUNITY CENTRE GENERAL tNFORMATION TRUSTEES Under the terms oftlie trust deed Ilie persons elected to tlje execulive governing board, are automatically appointed lo the board of trustees as well.. The members appoiiiled to the governing board, and tlie Board of Trnslees were as follows: Position Held As of 31st March 2025 Chair Susie Conslontinides MBE Treasurer Bambos Charalambous Vice-chair Vice-cliair Folini Tsioupra Gokayucar Executive Member Executive Member Execul&ve Member Executive Member Munur Egemensoy Andreas Georgiou Ergun Kilic George Theodoulou MANAGER Christalla Evdokimou CHARITY REGISTRATION NUMBER: 12762 DATE OF REGISTRATION 18, Jaiiuary 2006 REGISTII RED ADDRESS Earlliam Grove Wood Green London N22 5HJ TELEPHONE IYUMBER 020 88812329 FAX NUMBER 020 88818794 EMAIL cycc6363@gn)ail.con) INDEPE(NDENT EXAMINER S. Francis-joseph FCCA Anthony Josepli & Co. Limited Chartered Certified Accountants Business & Technology Centre Bessemer Drive Stevenage, Herts. SG12DX ACCOUNTANTS Alexander Associales Chartered Accouiitants 24A Aldermans Hill, Paliners Green London Nl 3 4PN
CYPRIOT COMMUNITY CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st March 2025 The Trnstees presenl their Report along with the Financial Sialements of the charity for the year ended 31 st March 2025. The Trust is an unincorporated Irusl, coljslituted under a Irusl deed dated 18 January 2006, and registered as a charity (Charity Number 1112762). Appointment of the Trustees is detailed in the Charity's governing document. Prior to its constitution under Ihe above Irusl deed and its registration as a charily, the Cypriot Commuiiily Centre has been serving the needs of the cotnmunily for 44 years as a non-profit-making organisation, and continuity and accountability have been our main strength5. Amiual Accounts liave been audiledltndependently exaniined as applicable since ihe Centre's inception in 1979 as a voluntary organisalion The financial slalements have been prepared in accordance willi the accounting policies sel out on page 9 of the accounts and coinply wilh the charily's ti'ust deed, the Charities Act 201 l and the Stateinenl of Recommended Praclice applicable to charilies. Lettings As the CCC self-generates its incoine mainly vla Lellings, which support all ils Services, Facilities, A¢livilies and Overl)eads, our Centre Manager, Christalla Evdokimou, had concentrated on building this income stream this year. The improvement has been excellent.. Meals-on-wlieels This continues lo be an essential service which is maiiilained by Ihe CCC. This has always been invaluable lo support the vulnerable Elderly/Disabled isolated al home. Apart froni Ihe iiulritional value, this is often the only contact Ihey have willi Ihe community which also affords safety. We remind Members that this important Service runs at a loss and is subsided by the CCC'S other Income streams. This is also because the cost of food purchases, motoring costs have again increased during this financial year. Day Care Service The Day Service successfully rebuilt its services throughout 202412025 and is an essential service for both residents and carers alike. At present we are oil an even keel financially. However, we have had lo add to our two lail-lift adapted niinibuses by other means of Iransporl. Indeed, allied expendithre, e.g. pelrol, repairs. servicing, continue to rise.in the new financial year. The Social Cafe was extended lo allow a larger kitchen and ils capacity and menu expanded. We allocated small events to be carried out by the Social Cafe. However, tl)is entailed higher expenditure cosls, e.g. electricity, caretaking.. Our Advi¢e/Advocaey Service coiit&iiued throughout this year. Demand for help from our Adviser increased during this period as most clients were unable lo use eleclronic equipment or have Ille language skills lo do so. Our report lo our funder, the City Bridge Foundation, has just released our third year of funding. Members are reminded that we have an AQS AGcredilalion (Advice Quality Standard). This service is vilal for those unable lo receive relevant Advice elsewhere. However. we need to secure funding beyond 2026. Hygiene Chrislalla continued lo iiislal and mainlatn hygienic Ineasures, undertake rlsk assessments throughout the Ceiitre, in each specific working area, e.g. the Kitchen, devised ways of delivering food safely. protecting all - Ilie Community and Staff. Haringey Council's Envii'oninental Service have awarded the CCC'S Kitchen and Social Cafeexcellent 5 Star Ratings. Staffing Our Centre Manager Chrlslalla Evdokimou, direcled all the services, supervised the slaff. ensuring the vilal running of the CCC. The fact that the CCC functions 363 days a year. seven days a week, needs flexible working hours which needs expert manoeuvring for both the Main Centre and the Day Cenlre.
CYPRIOT COMMUNITY CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31- MARCH 2025 liicomelExpenditure Increased Expendilui'e foi. Overheads, Insurances, Contracts, Employers, NI had still to be met during this year. As of 31" March 2025, delayed payment of contracts by Haringey Council for Day Care still need lo be cleared., Extra areas of expenditure includ¢ rising Petrol costs, e.g. for the Day Care Service and Meals-on-wheels Services, increase in Food Costs, increased Repairs and Renewals. Increase in Ulililies costs. Refiirbisliment As stated in last year's accounts, our Centre Manager look the opportunity to renovate tlie Main Hall, Baiiqueling Area. This has proved invaluable in this fiiiancial year by attracting bookiijgs and iiicrea5ing our Lellings income. This rerbAShInen1 needs to coiitinue througliout the new financial year. Doiiations & Fund-raising We had a good response from tlle coinmunity via Doiialions and Fund-raising, whicl) we greatly appreciate. Grants Once again, we spei)I tlie whole year applying for Grants lo sustain our work. This has been enormou51y liine-consuming bul we are imineiisely grateful to this year's funders for tl)eir understanding ai)d support of our invaluable work:. the City Bridge Foundation for our AdvicelAdvocacy. Service the Lottery's Comiiiunity Fund to renovate WC5 for Disabililies. His Eniinence Arclibisl)op Nikilas via the National Philanthropic Trust UK towards our Meals-on-wheels Service. However, there are niany other areas of need that we need to seek grants for aiid need to explore these in the new financial year.- As proposed la51 year, we have laken on the services of a sessional Granls Applicalion Officer. Survxval and Maintenance of its Services have been the Key iiotes of the Cypriot Coinmunity Centre's work in the financial year 202412025. On behalf of the TsteeS, the Chair and Treasurer mel regularly with the Cenlre Manager to ensure and support her excellent smooth ninning of the Centre. Trustees continue to carry out Ihe aims of the Cypriol Community Centre for ihe public benefit, within Ihe definition of the Charity's objectives and Ihe Charity Commission guidance on charities public benefit duties. Despite the difficulties, tl)e Cypriot Cominunity Centre continued lo be a Unique "One-slop Centre" where users could benefil from a holistic approach lo receiving services, providing language and cultural support to ensure Ihal users received appropriate services. The CCC is also Inelusive and not Exclusive in that we provided services, facilities, elc. for residents who were frotn any ethnic background and, where possible, could take advantage of our services. Conlracls - We have renewed appropriale contracts for the maintenance, care and safety of the buildiiig, e.g., lift, fire alann, fire extinguishers, many of which were originally funded by Haringey Council but are now totally paid for by the Cypriot Centre itself. In addition, we have carried out essential works, repairs, improvements, and refurbishment as necessary and in obtaining new and necessary licences and conlracts as appropriate. However, we need to explore funding to carry out essential works, e.g. regular repair Lift work, the need for estimates for Structural work. All incoine generation areas have improved on the previous financial year- in the Lettings and Catering areas. Tliis lias been due to the work of our Maiiager, Chrislalla Evdokiniou, wlio concenlraled on increasing the quantity of use of our Lettiiigs, in parallel with the quality. This was also due to increased Publicity. In addition, we l)ave also carried out the most essential Repairs & Renewals which were not carried out in previous years but had become a priority by 202412025. ReserveslRiskslWorkslHealth & Safety - We will continue to monitor the level of our reserves, lo continue lo provide the services lo meet our priorftlies and objeclives. The Centre Manager and Officers periodically review the risks associated to the organisalion and will act to pul in place systems lo mitigate this.
CYPRIOT COMMUNITY CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3 Isl MARCH 2025 Wear and lear over 45 years have taken their loll on all our Health & Safely, Risk Assessment, Disabilities and Safely areas which need upgrading, replacing, inslalling, etc. In addilion, in the new financial year, lo continue marketing our banqueting, seminarl¢onference facilities, we will continue lo upgrade our equipment and facilities and cary out refurbishmeiil. However, to do this, we need lo concentrate on refurbishing and n)akiiig a few alieralions to this area lo compete willi private businesses. Of course, this will have a considerable cost implication. New Services/Aclivilies We coiitinued and added the following in this financial year: Free Exercise Classes Boxiiig Drainalic Arts Woi-ksliops Development of Maihs& Engliblj for Children Babies &Toddlers Group Employment Training Insurance - We are well covered by our insurance policies as follows.. - Public Liability, Einployer's Liability, Coi)tents, Professional Indeinnity, Business Interruption, Biiilding (which we pay lo Haringey Council), Trustees Indejnnity. However, whilst a landlord will normally cover Building Insurance. the Cypriot Centre pays the Building Insurance to Haringey Council who then iiisures the CCC along with ils oiher buildings. Despite the identified financial. social and health concerns, the close and excellent co-operation between the Centre's Officers, our Centre Manager Chrislalla Evdokimou and Staff, all working together for the common good, has contributed lo the Survival aiid Conlinuing Success of the Cypriot Comnjunity Cenlre. On behalf of our Officers, Executive, Board, Menibers and Users, we should like to Iliank.. Chrislalla Evdokimou, our Centre Manager for: _ Her excelleiit management and financial Control, her initiatives and close co-operalion in implemenling the Trustees, decisions wiil)ii) the framework of ils policies. her sle¢rage to maintain as many Services, Facilities, Safely Measures. her imaginative ideas and for increasing services and facilities to the cominunily and increasing Publicity and Lellings. This has also been to include more dtverse ethnic backgrounds, e.g. Somalian, Eritrean, Soull) American, el¢. Christina Kalou our Day Services Manager fol. her dedication and devisii)g different ways of working lo particularly support our Elderly/Disabled Our Staff Teani for tlieir dedication lo the Cypriot Community Centre and all its services. All the above also contribute invaluable voluiitary time lo the crI0( Community Cenlre. Tl)e trustees continue lo ¢ary out the aims of the Charity for the public benefit within the definition of tl)e chai'ity's objective5 and the Chariiy Commission guidance on Charty Trustees, public benefit activities. This is fully illustrated above ai)d in the objectives clauses.
CYPRIOT COMMUNITY CENTRE Statemeiit of Trustees Respoiisibilities Tlie trustees are responsible for preparing the Annual Reporl and the financial slolemenls in accordance with applicable law and regulations. The law applicable lo charities in Ei)gland & Wales requires Ihe trustees to prepare financial statements for each financial year iii accordance with United Kingdom Generally Accepted Accounting Praclice (Uniled Kingdom Accounting Standards and applicable law). The Irustees musl iiol approve the financial slatemenls unless Ihey are satisfied that they give a true and fair view of Ilie stale of affairs of Ille cliarffily and of the incoming resources and application of resources, including the incoine aiid expenditure, of the charity for that period. In preparlng these financial slatejnents, the Irnstees are required lo.. a) select suitable accounting policies and apply them consistently. b) observe the methods and principles in the Charilies SORP. c) njake judgments and accounting estiinates Ihal are reasoiiable aild prudeiit. d) State whether applicable UK Accounting Standards have beeii followed, subject lo any inaierial departures disclosed and explained in the financial slalen)ents. e) prepare the financial statements on the going concern basis unless il is inappropriate to presume tlial the charity will coiitiiiue lo operate. The trustees are responsible for keepÉng sufficieT)t accounting records that disclose with reasonable accuracy at any time the financial position of the cliarity and enable ihem to ensure that the financial statemenls Comply with the Charities Act 2011, Ihe Charity (Accounts and Reports) Regulations 2008 aiid the provisions of the Érusl deed. They are also responsible for safeguarding the assets of Ihe charily and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by Ilie Trustees on 28 November 2025 and signed on their behalf by.. Susie Conslantinides MBE TNsleelChair Bambos Charalambous TrusteelTreasurer
CYPRIOT COMMUNITY CENTRE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CYPRIOT COMMUNITY CENTRE I report to the Iruslees on my examination of Ilie financial stateiiienls of the Cypriot Comn)unity Centre ('th¢ charity,) for the year ended 31 March 2025 which comprise tlie Statem¢iit of Financial Activities, the Balance Sheet, the Slatenienl or Cash Flows and related notes. This report is niade solely to the charity's trustees, as a body, in accordance with seclion 145 of the Charities Aci 2011. My woi'k has been undertakei) so that I might slate lo ihe charity's li-LEStees those matters l am requii'ed to stale lo thein this repoi1 and for no other purpose. To the fullest exlent perfftnitled by law. I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for Iny work, for this report, or for tl)e opinions I have foriy)ed. Responsibilities and basfis of report As the trustees of the charity you are re5poiisible for the preparation of the financial slatenienls in accordance with Ihe requireinei)ts of the Charities Aci 2011 ('the Act,). I report in respect of Iny examinalioi) of the charity's financial staleinents cari-ied out undei- section 145 of the Act and in canying out my examination I have followed all the applicable Direclions given by tlie Charity Conitnission under section 145(5)(b) of tlie Act. An independent exan)inalion does not involve gathering all tl)e evidence Ihal would be required iii aYJ audil and Consequently does not cover all the matters that an auditor coiisiders in giving their opinion on the financial slalements. Tlie planning and conduct of an audit goes beyond the limited assurance that ali independent examinalion can provide. Coi)sequently l express no opinion as to wlieiher tlie financial statements present a 'ti'ue aiid fair, view and Iny report is liimiled to those specific Inallei's set out in ihe independei)l examiner's stateiT)ent. Indepeiidenl examiner's stalemenl Since the trusl's gross incon)e exceeded £250,000 your examinei. iiiusl be a melnber of a body listed in section 145 of the 2011. I confirm that I ani qualified to undertake the exaniination because I am a inember of the ACCA, which As one of the isted bodies. I have completed my exaniinalion. I confinn that no material matters liave come lo niy allenlion in connection with the examinatlon giviiig me cause lo believe that in any njalerial respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act. or the finaiicial statements do not accord with those records; or
the financial slatemenls do not comply with the opplicable requirements concerning the fonn and contenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 otl)er Ihaii aijy requirement Iliat the accouiils give a 'true and fair vlew which is not a maller considered as part of an independeiit exaniinalion. I have no conceiiis aiid have come across no other matters in connection with the examinatioii lo which allenlion should be drawn in this report in order to enable a proper underslandijig of the financial statements lo be reaclied. S. Francis-joseph FCCA Anthony Josepl) & Co. Limited Chartered Certified Accountants Business & Technology Centre Besseiner Drive Stevenage Herts. SG12DX Date.. 28 November 2025
CYPRIOT COMMUNITY CENTRE STATEMENf OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 March 2025 A: Incomin resources Un-Restricted Fuiids Reslricled Funds Tolal Funds 2025 Prior Year Total Funds 2024 Generated Funds Incoming Resources Notes Voluntar Donations Grants Incomin Aetivities Ineonie: 10,621 7,456 10,621 76,156 45,282 76,455 68,700 resources from Cliarltable other Income from Cliaritable Activities Activities for Geiierating Funds Job retentioi) Scheme and Covid 19 118,105 614,657 118,105 614,657 82,404 510,141 Investmeiit Income Other Ineomiii Resources Total Incoming Resources 1,601 1.190 753,630 1,601 1,190 822 330 1.133 1,250 716,665 68,700 B: Resources ex ended Costs of Geiieratin Funds Cost of Securin Grants Fundraising Activities Costs Charitable Activities Costs 23,830 348.696 316,051 23,830 348,696 384,751 21,544 324,558 350,384 68,700 Total Resources Expended 688,577 68,700 757 277 696,486 Nel Incoming l (Outgoing) Resources Before Transfers 65,053 65,053 20,179 C: Transfers Gross Transfers Between Funds Nel Incoming Resources Before other Gains and Losses 65,053 6S,053 20,179 D: Other Reco nised GainslLosses: Gains on Revaluation of fixed Assets Gains / Losses on Investment Assets Profit/(Loss) Disposal of Motor Vehicle Nel Movenient in Funds 65,053 65,053 20,179 E: Reconciliation of Funds Total Funds Broughi Forward 472,059 472,059 451,880 Total Funds Carried Fonvard 537,112 537 112 472,059 The notes on pages l O- 16 fonn part of these accounts.
CYPRIOT COMMUNITY CENTRE BALANCE SHEET AS AT 31" Marcli 2025 A: Fixed Assets Total Funds 2025 Prior Year Total Funds 2024 Notes Inlaiigible Assets Tan ible Assels Herita e Assets Investments: Investments Pro ramine Related Investments 13 303,524 320,924 Total Fixed Assets 303,524 320,924 B: Current Assets Stocks and Work-In-Pro ress Debiors & Accrued Iiicojne Inveslinents Casli at Bank and In Hand 14 15 7,327 26,902 7,906 39,214 16 241,658 144,655 Total Currenl Assets 275,887 191,775 C: Liabilities Creditors: Amounts Fallijj due within one ear Nel CuiTents Assets or Liabilities Total Assets Less Curreijt Liabilities Creditors.. Amounts fallin due after more than one year Provisions for liabilities and charges 17 32,281 243,606 547,130 10,018 28,045 163,730 484,654 12,595 17 Nel Assel or liabilities excluding pension asset or liabilit 537,112 472,059 D: Defined Benefit Pension Scheme Asset or Liabili Defined beiiefit enston schenie asset or liabilit Nel Assets or Liabilities includiii ension asset or liability 537,112 472,059 E: The Funds of The Chari Endowment Funds Restricted Income Funds Unreslricled Income Funds.. Share Ca ital Unreslricled Income Funds Revaluation Reserve Unreslricled Incoine Funds Excludin Pension Reserve Total Unrestricted Funds 537,112 472,059 Pension AssetlLiability 537,112 472,059 537,112 472,059 Tolal Charity Funds 18 537,112 472,059 The a¢counting policies and notes to the financial statements sel out on pages 10-16 fonn parl of these accounts. Approved by the Board of Trustees on 28 No.v mber 2025.. Signed by Susie Conslantlnides MBE (Trusleelchair) Signed by Bambos Charalambous . . (Trustee/Treasurer)
CYPRIOT COMMUNITY CENTRE CASHFLOW STATEMENT foR THE YEAR ENDED 31 MARCH 2025 Note 2025 2024 Net cash infloiv/(outfloiv) from operating activities 20 95,402 10,206 Returns on iiivestmeiits servlcii)g of finance 21 1,601 1.133 Increasel{deerease) in cash in the period Reconeiliation of llet casl) flow to movemeiit in iiet debt 22 Movemeiit iji net debt iii the pei'iod Casl) aiid Casli Equivalents at the start of tl)e Year 97,003 144 655 11,339 133 316 Cash and Cash Equlvalenls at the eiid of tlie Year The noles on pages 10-16 fomi parl of the accounts
CYPRIOT COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" March 2025 ACCOUNTINC POLICIES Basis of Pre aratio Tlie accounts liave been prepared under Ilie Iiislorical cost convention willi items recognised al cosi or transaction value unless othenvise slated in the relevant notes lo these accounts. Tlie accounts have been prepared in accordance with Ilie Accounting and Reporting by Charities: Statement of Recommended Pra¢lice applicable lo charities preparing their accoui)Is in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Irelaiid {FRS 102) (effeclive l January 2015) - {(Cliarilies SORP (FRS 102)), the Financial Reporting Standard applicable lo the UK and Republic of Ireland (FRS102) and Ilie Chai'ities Act 201 The Charity conslilutes a public benefit eiitily as defined by FRS 102. As slated in the Trustees Report, the Trustees are of the opinion Ihal Ilie accounts are lo be prepared on a Going Concern basis. Tliis is as a result of measures being in place to ensure Ihal the organisalion will commit lo expenditure where Ihese are nded. In addition lo Ihi,s, tlie organisation will continue to intensify ils efforts lo seek different Income slreains lo fund its activities. Taking iliis into accoui)I, the Trnslees are of the opinion tlial the accounts are lo be prepared on a Going Concern basis. Tlie pei'iod covered by tliis assessment is a mininiuni of12 monil)s froin Ihe date of approval of the accounts. Funds Structure All of the charily's funds coinprise of unresiricted funds, wliich Ihe trustee5 are free lo use for any puryose in furtherance of Ihe charitable objects. Unrestricted ndS iiiclude designated funds where the tSleeS, at their discretion, have created a nd for a speeific purpose. The cliarity has no endowment or reslricled funds, but if any sueh fuiids were to be acquired they would be sliown in the financial slaleinenls separately froin the unrestricted nds and be used in accoTdaiice with the specific instruclioijs of the donor or trust deed which lias creal¢d the fund. Ineomiii Resourees Voluntary income includlng donaiions, gifts and grants that provide core ndIng or are of a general nature are recognised where there is enlillement, certainly of receipt and the amount can be measured willi sufficient reliability. Such iiiconie is only deferred when.. The donor specifies that the grant or donalion musl be used in Ihe future. The donor has imposed Conditions which niust be mel before the charity has unconditional enlillenient. Investment income is recognised on a receivable basis. Income from charitable aclivllies includes income received under conlracl or where enliilement to granl ndIng is subject lo specific perforniance conditions il is I'ecognised as eanied (as the related goods or services are provided). Grant inconie ii)cluded in Iljis category provides fuiiding lo support cliarllable activities and is J'ecognised where Ihere is entiilemenl, certainty of receipt and the atnount can be measured with sufficient reliability. Resourees Ex ended Liabilities are I'ecognised as resources expended as soon as Ihere is a legal or constructive obligation coinniitliiig Ilie cliarity lo the expenditure. All expendilure is accounted for on an accruals basis and lias been classified under headings that aggregate all costs related lo the ¢ategory. Allocation of overllead aiid su ort eosts Overhead and support costs, including irrecoverable VAT, are allocated directly lo the activity for wliich they have been incurred. bul tf they cannot be allocated directly lo a particular activity they are apportioned between fundraisiiig aclivilies, Charitable activities and governance using an appropriate cost bejjefil ratio. Costs of eiierati rinds Tlie costs of generating funds include costs incurred dire¢lly in conneclion with the fijndraising activity as well as an apportiornnent of overhead and support costs Cost5 of eharitable activities Costs of charitable activities include costs incurred directly in connection with the charitable activity as well as an apportionment of overhead and support costs. Governance costs Governance costs comprise all costs involving the public accounlabllity of the charity and its conipliance with regulation and good practice. These cosls include co,8ls relaled to statutory audil and legal fees. together with an apportionment of overhead and support costs. io
CYPRIOT COMMUNITY CENTRE NOTES TO THE FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31" March 2025 Tail ible Assets Depreciation is provided al the following rates to wrlle off each assei over ils estimated useful life: Building & Improveineiil Costs 2 /0 on cost Equipnient & Fillings / Utensils & Crockery l O /0 on reducing balance method Motor Vans & Minibuses 15 /0 on reducing balance method. Peiisions Tlie charity operates a defined contribution scheni¢. Contributions to the scheme are based on applicable pension costs in Ihe organisalion taken as a whole. Tlie pension cl)arge recorded in the accounts is the amounl of coiilribulions payable in Ilie a¢couiiting year. Debtors Trade and other debtors are recognised at the settlemeiil ainounl due after any trade discouiit offered. Prepayments are valued al the amount pr¢paid net of any trade discounts due. Casli at Bank aiid In Hand Caslj al bank and in hand includes cash and short term highly liquid investments in deposils or siniilar accounls. Creditoi's and Provisions Cieditoi's and provisiot)s are recognised where Ilie charity has a preseiil obligation resulting froin a past event tliat will probably result in the Iraiisf¢r of funds lo a Iliird party aiid the amounl due lo settle the obligation can be Ineasured or eslimaled reliably. Creditors and provisions are nonnally recogi)ised at their settlement ainounl afier allowiiig for any trade discounls due. 2025 2024 VOLUNTARY tNCOME: Donations = Unreslricled Grants- LB Haringe Unreslricled Grants - other- Unrestricted 10,621 45,282 14,800 15,090 Grants -Cily Bridge Foundation - Restricted Lotlery Conimunily Fund - Restricted His Ejninence Archbishop Nikilas via the National Philanthropic Fund UK - Unreslrfficled Total 48,700 20,000 7,456 46,565 121,737 ACTIVITIES FOR GENERATING FUNDS Unrestricted Lettin of Funclionlmeetin Seminarlconference Rooms, Classes Provision of Catering Services Care Centre Total 267,808 43,587 303,262 614,6S7 247,114 55,869 207,158 510,141 INVESTMENr tNCOME Bank Interest Received Total Unrestricted 1,601 1,133 tNCOME FROM CHARITABLE ACTIVITIES Unreslricled Oilier Income from Charitable A¢livilies Total 118,105 118,105 82,404 82,404 OTHER NCOMtNG RESOURCES Other Income Unrestricted 1,190 1,250 Total 1,190
CYPRIOT COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" March 2025 COST OF SECURtNG GRANT INCOME Salaries & Wages Administrative Overheads Total 2025 20,719 3,111 23,830 2024 19,010 2,534 21,544 FUNDRAISFNG COSTS Salarles & Wages Stock Purchases Eslablish]nenl Overheads Administrative Overheads Payroll & Licence Fees Ftnancial Overheads Depreciation Total 233,086 20,488 58,857 20,225 2,088 3,323 10,629 348,696 213.867 19,252 59,317 16,472 2.389 ,893 11,368 324,558 CHARITABLE ACTIVITIES COSTS including Luncheon Club & Meals-on-wheels Services Salari¢s & Wages Stock Purcliases Eslablisljinenl Overheads Administrative Overheads Trainin & Advertisin Payroll & Licen¢e Fees Bank Char es & Interest reciation Govejxance Costs Total Unreslricled Reqlricted 2025 2024 65.972 46,186 18,311 4,667 68,700 134,672 46,186 18,311 4,667 123,567 36.757 17,042 3,801 368 586 10,630 169,331 316,051 368 586 10,630 169,331 384,751 422 433 11,368 156,994 350,384 Note 9) GOVERNANCE COSTS Salaries & Wa es Establishment Overheads Administration Overheads Accountancy & Bookkee Audit Fees reciation Total 129.492 24,890 3,112 4,000 2,625 5,212 169,331 118,815 23,485 2,534 4,000 2,500 5,660 156,994 iii Fees io ANALYSIS OF STAFF COSTS Salaries and Wa es Social Securit Costs Otlier Pension Costs Total 485,335 25,738 6,896 517,969 445,119 24,524 5,615 475 258 No eniployees eanied £60,000 per annun) or inore during Ilie year {2024- Nil). No Iruslee received any ren)uneralion in respect of Iheir services or expenses reimbursed durlng the year, {2024.' Nil). The key Inanagement personnel of the cliarily comprise the Trustees and the Centre's Manager. The total employee benefits of tlie key management personnel of the charity was £45,513 (2024..£45.197). 12
CYPRIOT COMMUNITY CENTRE NOTES TO THE FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31" March 2025 ANALYSIS OF NUMBER OF EMPLOYEES Full Time Ein loyees.. Governance and Admiiiislralion Fundraisin and Charitable A¢tivilies Supportin Peo le Service Subtotal 2025 2024 12 12 Parl Tinie Em ¢es'. Governance and Adminislration Fundraisin and Charitable Activities porting Peo le Service Sub-Tolal Total Number of Em ees 18 18 12 AUDITORS / ACCOUNTANTS REMUNERATION Audit Fees Payroll and Accountanc Fees Taxation and other services 2,625 5,295 2,500 6,140 Total 8,040 13 TANGIBLE FIXED ASSETS Computer Equipment Building Improvements Utensils Equipment Fixttlres & Fittin Motor Vehicles Total Crocke COST At 0110412024 Additions Disposals At 3110312025 667 560,451 5,542 7,576 189,611 1,492 83,479 839,750 9,068 667 560,451 13,118 191,103 83,479 848,818 DEPRECIATION At 0110412024 Charges Dis osals At 3110312025 216 45 355,040 11,209 4,603 409 142,076 4,817 16,891 9,988 518,826 26,468 261 366,249 5,012 146,893 26,879 545,294 NET BOOK VALUES At 3110312025 406 194 201 303 524 At 3110312024 451 205 411 939 320 924 13
CYPRIOT COMMUNITY CENTRE NOTES TO THE FtNANCIAL ST ATEMENTS FOR THE YEAR ENDED 31" March 2025 STOCK 2025 2024 Materials and Finislied Goods 7,327 7,906 Total 15 DEBTORS AND PREPAYMENTS Other Debtors (V AT included Pre ments Accrued Income 4,380 419 22,103 37,149 2,065 Total 16 CASH AT BANK AND tN HAND Bank Currei)l Account Bank Buildiij s & Disabilities Reserve Accouiil Care Service Casli in Haijd 17,627 161,989 58,122 3,920 10,448 78,653 46,562 8,992 Total 241658 144,655 2025 2024 17 CREDITORS AND ACCRUALS Other Creditors Accruals Other Taxation and Social Securit Cash deposits 3,243 11,189 17,849 3,666 6,500 16,279 1,600 Due iYithRn more tliaii oiie ear: Hire ui'cliase loan (after one year Total 28,045 10,018 12,595 40,640 18 TOTAL CHAIUTY FUNDS Atl April 2024 Iiicoiniilg Resources Resources Expended At31 Mareli 2025 2024 Endowment Funds Reslricled Funds- City Bridge Trust Lottery Comiiiunily Fund Unrestricted Funds 48.700 48,700 20,000 753,630 20,000 688,577 472,059 537,112 451,880 Total 472 059 822,330 757 277 537,112 472,059 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Restricted riunds Total 2025 Fixed assets Net current assets Total 303,524 233,588 537,112 303,524 233,588 537,112 14
CYPRIOT COMMUNITY CENTRE NOTES TO THE FtNANCIAL ST ATEMENTS FOR THE YEAR ENDED 31" March 2025 The Unrestricted Fuiid are used by ilie charity to further the services Provided. Tlie amount of available funds as sliown above includes £20,000 which lias been reserved by ihe Trustees for Building & Disabilities works, Improved Health & Safety works, other Building improvenients, Repairs & Reiiewals, ai)d othei. areas of need, intei'nal and exteriial, as outlined in the Ti'ustees, Repoit. A suinmary of the type of ilems which need prioritising for which the funds have been reserved is given below. Tliese are examples of works and developments which need to be utidertakeii in 202512025 and iiol the total, addition, a building such as the Cypriot Cominunity Cenlre constantly needs i-epairs and renewals, works, etc. as we liave a full repaii'ing lease. These items will be prioritised ihroughout tlie new financial year. Window upgrading or replacing old windows Essential plumbing works to upgrade toilet blocs, especially for Health & Safety, Risk Assessment, Disabilities Grouiid floor i'epairs Theati"e/ Gym/Hall TLC Kitchen fittings, renewals Healtli & Safety- staii's & stainvells - 4 floors Reiiewal of old cliairs and otlier furiiiture, plus covering of IT Equipinent upgrading, etc. Paitjting & Decoi'atiiig - general First floor Main Hall upgrade CCTV repairs and installation for Sccurity Air Conditioning Mow Traiisport Disabled Wcs Day Centre Ramp, for wheelchairs, etc. 19 RELATED PARTY DISCLOSURE AND TRUSTEES REMUNERATION Trustees Remuneration Re-imbursement of Trustees Ex Nil Nil Nil Nil enses Total Nfii 15
CYPIUOT COMMUNITY CEI NTRE NOTES TO THE FIIYANCIAL STATEMENTS Note 20 RECONCILIATION OF THEI NET (OUTGOING}IINCOMING RESOURCES TO NET CASH INFLOWI(OUTFLOW) FROM OPEI RATING ACTIVITIES 2025 2024 Nel (outgoing)lii)coniing resources Depreciation charges Inveslmeni Lncome 65,053 26,468 (1,601) 12.312 ,659 579 20,179 28,396 (1,133) (3,699) 9,243 (301) (Increase)IDecrease ill debtors {Decrease)/Increase iii creditors {Increase)IDecrease in stocks Fixed Assel Additions Net eash iJillowl{outflow) from operating activities (9,068) (42,479) 21 ANALYSIS OF CASH f4LOWS f4OR HEADINGS NETTED IN THE CASH FLOW STA TEMENT 2025 2024 Returns 011 iiivestments and servicing of finaiice Investment Income Net eash iiiflow for returns 011 investmeiits and serviciiig of finanee 22 ANALYSIS OF CHANGES IN CASH AND CASH EQUIVALENTS Ai 1.4.24 Cash flow Ai 31.3.25 Net Casli.. Cash al bank 144 655 241658 Tolal 44 241658 16