GREEK ORTHODOX COMMUNITY OF MILTON KEYNES AND SURROUNDING DISTRICT CONTENTS Page Legal and Administrative Information Report of the Trustees Independent Examiner's Report statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements
GREEK ORTHODOX COMMUNITY OF MILTON KEYNES AND SURROUNDING DISTRICT LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES.. Mrs A E Anthi Mr C Tzallas Mrs D K Beales HE Nikltas Archbishop of Thyateira & Great Britain PRINCIPAL OFFICE.. London Road Stony Stratford Milton Keynes MK111JA REGISTERED CHARITY NO: 1118744 INDEPENDENT EXAMINERS: Tearle & Caiver Limited Chartered Accountants Chandos House . School Lane Buckingham MK18 1HD
GREEK ORTHODOX COMMUNITY OF IVIILTON KEYNES AND SURROUNDING DISTRICTS. Registered Charity No. 1118744 REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 30 NOVEMBER 2024 The Trustees present their report along with the financial statements of the charity for the year ended 30 November 2024 Structure, Governance and Management 1) The Trustees: Mrs.Despina Kyriakica Beales - Vice Chairnian Mrs Anne Elizbeth Anthi - Member Mr.Christos L. Tzallas - Treasurer His Eminence Nikitas, Archbishop of Thyateira & Great Britain - Ex Officio Chairman The Charity was registered wlth the Charity Commission as Number 1118744 on 10th of April 2007. The contact address for the Charity is clo Mrs. Despina K. Beales, 33 Overn Avenue, Buckingham, Buckinghamshire, MK18 1LU. 2) The Committee Members.. Mrs D. K. Beales (Niki) - Acting - President Mr, C. L. Tzallas - Treasurer Mrs A. E. Anthi - Member Mrs. A. Biniou - Member Dr. M. Panourgia- Member Mr. K. Alexandridis- Member Mr. E. Melas - Member Cpt D. Christoulakis - Member Priest- in- charge until end of January 2024 Hieromonk Samuel Papachristophorou Visiting Priest- Oeconomos Gregorios Wellington since April 2024 3) School: The Academic Year Is from September to July. Co-ordinator - Mrs. Anna E. Anthi Assistant Coordinator Mr. K.Alexandridis Treasurer - Mr. Christos Tzallas Teachers Appointed in September 2023 for the Academic Year 2023-2024: Mrs.Chara Orthodoxou.. Head Teacher Appointed by The Cypriot Education Mission in London Dr. Dimitrios Voyiaizis .' Teacher (Appointed and paid by the Ecclesiasticallcommunity Committee) and a third teacher paid by the hour from the Cypriot Educatlon Mission in London 4) Ladles Charity 'St. Demetrlos.. President.. Mrs Angelikl Biniou 5) Independent Examlner: Tearle & Carver Chandos House School Lane, Buckingham
GREEK ORTHODOX COMMUNITY OF MILTON KEYNES AND SURROUNDING DISTRICTS. Reglstered Charity No. 1118744 REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 30 NOVEMBER 2024 6) Management: The Community is governed by the Constitution of an Unincorporated Association to which the Trustees are elected. The Trustees are responsible for managing the Charity through a Committee appointed by them and meet at least once a year but more often if need arises. Recruitment Is essentially from within the wider Greek Orthodox Community by word of mouth, at Church services or Communlty events. The maln income of the Charity comes through donations from members, friends of the Community, membership subscriptions and interest from the bank deposits and from hiring the Church Hall on hourly basis to local townsfolk (mainly) and beyond. In addition and very importantly, income is derlved from the Gift Aid Scheme, social events, functions and collections at Church services. Donations from the parents and adult pupils of the School, are gratefully received but we make it our duty to welcome all children regardless of the parents, ability to donate. In the same spirit, and although we are were in need of funds, we make it c5ear that'fees" for Baptisms. Memorials. Funerals or Wedding Services would be waived (or reduced) if we believe that the interested party does not have the resources. The same goes for the School fees. The expenditure of the Charity, apart from the loan repayments, was mainly for Insurance, Electricity, Water and Gas, maintenance expenses, some immedlate needs, also, for the provlsion of Priests, purchase of Liturgicallchanting Books and materials for the school. 7) Objectlves, Organisation, Aims, Actlvlties The aims and objectives of the Charity remain as before and briefly, are: a) to advance the Christian Orthodoxy b) to support, malntain and expand the activities of the Greek School, c) together with the St. Demetrios Ladies Charity we organise and arrange visits and care for the religious needs of people in hospitals, prisons and homes in the area, d} to advance the Greek language and culture e) to promote the Hellenic Traditions, to assist whoever has the need to understand various aspects of Orthodoxy and help to understand better the ways of pra¢tlsing g) to welcome newly arrived compatriots and other Orthodox Christians, help them as much as we can to adjust in their new envlronment and assist them to find the appropriate information they need. This past year all the above mentioned, were as important as they were at the establishment of our Community In Dec. 1989. 8) Review of Activitles and progress: The purchase of the buildings, Church and Church Hall, completed In May 2009 and in August 2010 respectively, both Grade11 listed and being in the"privileged" conseNation area of the town, have to have permissions and consents by various official regulatory bodies before we embark on any essential work or project. The task of looking after necessary repairs and essential work to the Church and Church Hall so they continue their function for the purposes they were intended was as important as ever. The Pandemic restrictions that had a serious impact on our finances, and rebuilding the activities so much needed for our survival and progress restarted. Of course the Church took care of the Religious aspects and the Church Hall supplemented the work for the Community needs. Both Buildings but mainly the Church building, were home again to Educational Purposes. The Church that normally attracts visltors not only for religious purposes but also as a place of interest and the history of the town, became allve and the Church Hall regained interest 2nd popularity mainly
GREEK ORTHODOX COMMLINITY OF MILTON KEYNES AND SURROUNDING DISTRICTS. Registered Charity No. 1118744 REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 30 NOVEMBER 2024 from local charities and various people of the town who needed an attractive venue to hold their events. The result is for our Trust to receive the much needed revenue and also bring members of the Community together. 9) Flnancial Review Reserves Policy: A reserve of monies is held in the Lloyds account and the HSBC savers account to support any unexpected costs. This is regularly been reviewed by the trustees. The Trustees consider the Charity a going concern by virtue of the revenues shown. th Our Flnancial Year Ends on 30 of November. So: December 2023- This month saw the Celebration of St. Ambrosios and the Christmas Service, January, February, March 2024 - We served the parishioners for our religious obligations.. a) The Feast of Theophany with the Blessing of the Waters. first in the Church and then walking to the River, followed by the traditional Theophaniada (having warm soup on our return from the riverside in our Swinfen Harris Church Hall. b) We marked the Feast of the Three Hierarchs the Feast of the Greek Letters and our CulturalllEducational needs were met with celebrations and activities following the traditions we are accustomed and the Members of our Parish are expecting from us. c) The Celebrations for the Evangelismos and the National Day for the 25th March took place.. d) The Annual Greek Evening/Carnival Ball, took place at a venue in Milton Keynes e) The first week of the Salutations to Virgin Mary was sang °End of January saw the departure of the Hieromonk Samuel Papachristophorou, Priest in Charge for the past few years of our Parlsh. April. May, June, July 2024. The Feast of the Veneration of the Cross was celebrated, and the Akathist Hymn was sang Revd Oeconomos Gregorios Wellington was assigned to serve our community as a visiting Priest on a temporary measure and he conducted the Church servIs during the Holy Week and Easter and the Church was full again, The SepLtlchre was decorated with the most beautiful Spring flowers. The night of the Resurrection saw more people coming to Church to Hear the CHRISTOS ANESTI at midnlght at the Church Yard and take The Light as tradition has it culminating with the partaking of the Magiritsa, the traditional Paschal soup at the very early hours of Sunday. Next morning the SeNice of Agapi took place followed by the Paschal Lamb(s) in the Church Yard. This is a popular Tradition that in our Community started in 1993 in a private house to be continued In our community premises in 2009, even before the Church Building was acquired. An Eikonostasilscreen and side pews were installed to make the Church Building looking as an (Greek) Orthodox Church should look. The very successful Annual Summer Greek Festival took place, a Fundraising event that brings a number of people from many places together, having a nice time with Hellenic food, dance and music.
GREEK ORTHODOX COMMUNITY OF MILTON KEYNES AND SURROUNDING DISTRICTS. Registered Charlty No. 1118744 REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 30 NOVEMBER 2024 Before we knew it, July arrlved. The Feast of St Mary of Vlachernae was marked, the School had the last day of lessons, the pupils, children and adults received their certificates of progress August , September , October, November 2024. The Feast of the Dormition of Panayia was marked with a Parakklisis and a full Church Service (Matins, H. Liturgy, Artoklasla) in August. As every year, the Annual General Meeting took place in September. September also saw the reopening of the school. Dr. Dimitris Voyiatzls and an OROMISTHIA (paid by the hour by the Cyprus Educ. Mission In London), Mrs Evgenia Kryovrisaraki and Miss Evdoxia Sakellaridu were appointed, and the beginnlng of the New School Year was marked with Agiasmos Blessing- in the Church Mrs, Marianna Papasavva was appointed as an additional Teacher from the Cypriot Educational Mission in October. On October 27th His Eminence Archbishop of Thyateira and Great Britain, Nikitas, honored our Community with a Pastoral visit together with Archdeacon Georyios Tsourus. In recognition of their commitment to the Community since its founding day, he bestowed the Cross of the Archdiocese to Mrs, D, K, Beales and Mr N, Efthymiou. His Eminence and his entourage were Guests of honour at the receptionllunch that followed in our Swinfen Harris Church Hall. The Doxology for the 28th October took place in the Church and the School pupils recited poems marking the National Day. As we could not have a Church SeNice on the date (26111) for one of the Patron Saints St Sty15anos, decision was taken to celebrate both Saints together in December. As it happens every year, we took part in the Stony Christmas Lights event. So, another year passed, and we did our best to serve our Parish D. K. Beales 12 August 2025 Greek Orthodox Church of St. Stylianos & St. Ambroslos & Chapel St. Mary of Vlacherna London Road, Stony Stratford, Buckinghamshire, MK111JA Incorporating: The Gre¢k SchooL The Ladies Auxiliary St Dimitrios and The Swinfen Harris Church Hall
GREEK ORTHODOX COMMUNITY OF MILTON KEYNES AND SURROUNDING DISTRICT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GREEK ORTHODOX COMMUNITY OF MILTON KEYNES AND SURROUNDING DISTRICT FOR THE YEAR ENDED 30 NOVEMBER 2024 We report on the accounts of the Greek Orthodox Community of Milton Keynes and Surrounding District for the year ended 30 November 2024 which are set out on pages 10 to 16. Respective responsibllities of trustees and examlner The charity's trustees are responsible for the preparatlon of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is our responsibility to: examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act- and state whether particular matters have come to my attention. Basls of independent examlner's statement Our examination was carried out in accordance with general Directions given by the Charity Commission. 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, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view. and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with our examination, no matter has come to our attention.. which gives us reasonable cause to believe that, in any material respect, the requirements.. to keep accounting record5 in accordance with section 130 of the 2011 Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met. or to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Tearle and Carver Limited Chartered Accountants Chandos House School Lane Buckingham MK18 1HD 07/91 /?)-
GREEK ORTHODOX COMMUNITY OF MILTON KEYNES AND SURROUNDING DISTRICT STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING SUMMARY INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 NOVEMBER 2024 Note Unrestricted Restricted Funds Funds Total Funds 2024 Totsl Funds 2023 INCOMING RESOURCES Incoming Resources from Generated Funds Investment Income 159 159 171 Donations 28.733 28,733 21.967 Grants 4,000 4,000 Incoming Resources From Charitab5e Activitles 30,657 30,657 30,472 TOTAL INCOMING RESOURCES 63,549 63,549 52,610 RESOURCES EXPENDED Costs of Generating Funds Charitable Activities Support Cost Interest on mortgage 53,549 7,349 53,549 7,594 5,645 20,116 7,246 (14,400) 245 5,645 TOTAL RESOURCES EXPENDED 60,898 5,890 66,788 12,962 OTHER RECOGNISED GAINSILOSSES Gainsl(Losses) on Investments NET MOVEMENT IN FUNDS 2,651 (5,890) (3,239) 39,648 RECONCILIATION OF FUNDS Funds Brought Forward Surplusl(Deficit) for the Year Reserves movement 28.961 2,651 (18,000) 275,374 (5,890) 18,000 304,335 (3,239) 264.687 39,648 13,812 287,484 301,096 304,335 The notes on pages 11 to 16 form an integral part of these financial stalements.
GREEK ORTHODOX COMMUNITY OF MILTON KEYNES AND SURROUNDING DISTRICT BALANCE SHEET- 30 NOVEMBER 2024 Note 2024 2023 FIXED ASSETS Tangible Fixed Assets 563,040 563,285 CURRENT ASSETS Cash and Bank 12 21,929 37,278 CREDITORS AND LIABILITIES 13 283,873 296,228 TOTAL NET ASSETS 301,096 304,335 REPRESENTED BY.. FUNDS Unrestricted Reserves Restricted Resetves 13,612 287,484 28,961 275,374 301,096 304,335 These accounts were approved by the Board of Trustees on and signed on its behalf by.. 07 /29 /8&Jea- Mr C L Tzallas The notes on pages 11 to 16 form an integral part of these financial statements. io
GREEK ORTHODOX COMMUNITY OF MILTON KEYNES AND SURROUNDING DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2024 1) Principal Accountlng Pollcies Basis of Accounting The financia5 statements of the charitable company, which is a public benefit under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2015)°, Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under historical cost convention. b) Cash Flows The financlal statements do not Include a cash flow statement because the charity, as a small reporting entity, is exempt from the requirement to prepare such a statement under the FRS 102 Funding Accountlng Funds held by the Charity are either: Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Unrestricted funds include a revaluatlon reseNe representing the restatement of Investment assets at market values. d) Incoming Resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.. Voluntary income is received by way of grants, conations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement Is not conditional on the delivery of a specific performance by the charity, are recognized when the charity becomes unconditionally entitled to the grant. Donated services and facllities are included at the value to the charity where this can be quantified. Investment income is included when receivable. Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charlty earns the right to consideration by its performance. e) Resources Expended Expenditure is recognSzed on an accruals basis as a liability is incurred. Expenditure is inclusive of VAT whlch cannot be recovered, and is reported as part of the expenditure to whlch it relates: Costs of generatlng funds comprise the costs assoclated with attractlng voluntary income. Support costs include those costs assoclated with meeting the constitutional and statutory requlrements of the charity and include the audit fees and costs linked to the strategic management of the charity. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Gosts relating to a particular activity are allocated directly, others are apportloned on an appropriate bas55.
GREEK ORTHODOX COMMUNITY OF MILTON KEYNES AND SURROUNDING DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 (Contlnued) Tangible Flxed Assets Tangible Fixed Assets are depreciated on a straight basis over their estimated useful lives as follows:. Fixtures and Fittings Freehold Property 20% g) Investments Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluation and disposals throughout the year. 2) Trustees Remuneration Members of the Board of Trustees recelve no rernuneration for their services. No travel and meeting expenses were reimbursed during the year. 3) Investment Income Unrestrlcted Restricted 2024 Total 2023 Total Bank Interest 159 159 171 159 159 171 4) Donations Unrestricted Restrlcted 2024 Total 2023 Total Voluntary Donations Donations to School Gift Aid Recovered 18,334 6,047 4,352 18,334 6,047 4,352 11,350 6.390 4,227 28,733 28,733 21,967 12
GREEK ORTHODOX COMMUNITY OF MILTON KEYNES AND SURROUNDING DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 (Contlnued) s) Grants Unrestricted Restricted 2024 Total 2023 Total Grants 4,000 4,000 4,000 4,000 Incomlng Resources from Charitable Actlvlties Unrestricted Restricted 2024 Total 2023 Total Church Activities Hall Activities Fundraising Activities 8,004 16,638 6,015 8.004 16,638 6,015 6,195 18,185 6,092 30.657 30,657 30,472 7) Charltable Actlvitles Expenditure Unrestricted Restricted 2024 Total 2023 Total Priest and Chanter5 Archdiocese Utilities Repairs & Renewals Fundraising Events School costs Import duty 12,389 950 1,979 35,516 1,211 12,389 950 1,979 35,516 1,211 7,322 7,669 2.409 716 2,000 1,504 1.504 53,549 53.549 20,116 13
GREEK ORTHODOX COMMUNITY OF MILTON KEYNES AND SURROUNDING DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 (Continued) 8) Support Costs Unrestrlcted Restricted 2024 Total 2023 Total Professional Fees Donations & Subscriptions Depreciation of Fixtures & Fittings Sundry Expenses Insurance Other interest Cash for Iconographer 1,990 1,990 2,040 245 245 412 2,955 342 1.650 412 2,955 342 1,650 245 2,807 154 2,000 7,349 245 7,594 7,246 9) Interest on mortgage Unrestrlcted Restricted 2024 Total 2023 Total Interest Payments 5,645 5.845 -14.400 5,645 5.645 -14,400 10) Staff Costs The average monthly number of employees during the year was as follows: 2024 2023 14
GREEK ORTHODOX COMMUNITY OF MILTON KEYNES AND SURROUNDING DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 111) Fixed Assets {Contlnued} 2024 Total 2023 Total Fixtures & Freehold Flttlngs Property COST At 1 December 2023 Opening balance adjustment Additions Disposal 5,228 565,000 570.228 570.228 At 30 November 2024 5,228 565,000 570,228 570,228 DEPRECIATION At 1 December 2023 Charge for the Period 5,228 1,715 245 6,943 245 6,698 245 At 30 November 2024 5.228 1,960 7,188 6,943 NET BOOKVALUE At 30 November 2024 563,040 563,040 563,285 At 30 November 2023 563,285 563,285 563,530 12} Bank and Cash 2024 2023 Cash In Hand HSBC Current Account HSBC High Interest Account Lloyds Treasurer 60 6,542 2,606 12,721 60 14,297 12,180 10,741 21,929 37,278 13) Creditors and Accruals Amounts falllng due wlthin one year: 2024 2023 Mortgages Insurance Accruals Loan 275,556 3,767 550 4,000 287,911 3,767 550 4.000 283,873 296,228 15
GREEK ORTHODOX COMMUNITY OF MILTON KEYNES AND SURROUNDING DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 (Contlnued) 141 POST BALANCE SHEET EVENTS Following the year-end, the Church incurred costs tolaling 20,284 euros (in addition to 8,750 euros paid during the year ended 30 November 2024) relating to refurbishment works and items for the Church. including the Iconostasis, pews, candle stand, and chandelier. As the charity is cash accounting, the expense will be recognised in the financial statements for the year endlng 30 November 2025. 16