Charity r¢gi5tration nuwb¢r 1120545 (EThglaDd and Wales) CHRISTIAN ORTHODOX CONVENT OF THE ANNUNCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CHRISTIAN ORTHODOX CONVENT OF THE AI¥NUNCIATION LEGALAND ADMINISTRATIVE INFORMATION Trust¢es Mrs Taiiana Jatn¢$ Right Reverend Adrian BaiTd RevertndAAlexis Charity number IEnglAlld W¥le51 1120545 Registered o￿l¢e CIO St. Edwards Brotherhood Cemetery Pale5 BTookwood Woking GU24 OBL Ind¢p¢ndent txaminer Dt&ren HaTdingACAFCCA DChA Richard Pla¢¢ Dobson Services Limited Ground Floor 1-7 Station Road Crawley West Sussex RHIO IHT CHRISTIAN ORTHODOX CONVENT OFTHE ANNUNCIATION CONfENTS Page Trustees. report Independent cxaminerfs r¢w>rt Stat¢]neAt of fllwieia] activities Balantt shect Not¢s to th¢ fizwLci21 statements 7-17 CHRISTIAN ORTHODOX CONVENT OF THE ANNUNCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Th¢ tTUSt¢es present their annual rewTI and financial 5tateTnents for the year ended 31 December 2025. The finan¢ial statements have b¢¢D prepaTed in accordaDce with the accounting policies set out in note I to ihe fiR￿claI stat¢tnents and comply with th¢ chaTity'S goveming document. the Charities Act 2011. FRS 102 'The Financial R¢portinE Stsndard applicable in the UK and Republic of Ireland" and the Charities SORP Accounting and Reporting by Charilieg.. Stst¢ment of Recommcndcd Prartice applicable to chariti¢s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" Obj¢ctives and activities The Trusi shall hold the tapital and incom¢ of the TTU8t Fund upon tru5L and with the consent of the Abbess, shall apply the income land all of suth part or parts of ihe capital} at such time and QT time$ and in such inanner 10, 01 for ihe benefit of such ciwiiable purposes a5 shall advance the charitable Work for ihe titlle being carTied on or promoted tri supported by the commuNty provided that if at any ttme th¢ Cosnrnunity shall cease to exist or to Carry on promote or support any charitable works the IriJ51 fund and th¢ income thereof shall b¢ held for such a general chartable purpose in conn¢rtion with the Christian Orthodox rcligion as the tru5t¢es $h211 in their discretion think fjt. The Charity was founded in London for the purpo8¢ of $piritual support for Christian Onhodox people. fortifying and strengthening them in ihcir faith., those who are i￿orant of theiT Chtistian faith, thos¢ who have fallen away or are indifferent to it. Ai the same ttme providing spiritu￿ $uppon io oihers ne¢ding help. The help provided includes.. Religiou5 education for children Spiriwal guidance for adulis - Visits to the sick and support for the ber¢aved - A55islanc¢ with funeral arrangem¢nts - Christening5 and funeral services. We h8v¢ referred to the guidance in the Charity Cotnmission's gener￿ guidance on Public Benefit when reviewing our and objectives and in planning tsur future aciivitie5. In particular. the T￿1¢¢5 ron5ider how planned adivities will contribute to the aim5 and obj¢rtiVCS they have sei. Athitvemellts and perforniaDcÈ Following ihe r¢pose of Mother G¢rm8ni the last surviving sister of the convent, the trustees of the Chrisiian Orthodox Conveni of ihe Annunciation ICOCOAI consid¢r¢d Several Optio￿ for th¢ fviurE of the conveni. Con5ideTable efforts wer¢ tnade 10 bring in new nuns from abrozd 10 keep the convent going, thus thlfilling the objectives of ihe Ch8rity. However, due to difficuliies obtaining visas for the neiv sisiers, thi5 project had to be abandoned. Th¢ trustees decided that, with no possibility in the short or medium tertn of new nuns attiving, th¢ conv¢nt building 81 Brondesbury Park Should be sold. The trusiees also decided that the COCOA should bwome a Chatitablc Incorporated org7￿l881ltrll. The n¢w CIO will continue the work of COCOA in supporting traditional Orthodox Christian activitics but will do this as a grallt-giving organisaiion rather than through a specific convent. A large donation wa5 given io the King Edward Orthodox Trust Cotnpany Ltd, a UK Re82Stered Charity, for ihe pur¢ha5e of a house in Normandy> Guildford. Thi$ hollse will be used io accommodate Cler￿ and occasional vi51tors to the Shrine Church of Sairti Edivard the Martyr, Brooknvood, wh05¢ Cler￿ served th¢ Conveni of ihe Anllunciation faithfiJly for many decades. The tTUStees have also i5su¢d small grants for v&riou5 building and humanitaTian projects in the Republic of Congo, the Democratic Republic of Congo and Kenya. FinaDcial rtvitw Nti outgoing T¢50UTces for the year totall¢d £873.37412024.' n¢t outgoing resources £1,562,493) as shown on th¢ Statement ol financial activiti￿ on page 4 of the accounts. All of the ￿8¢15 of th¢ ¢harity are used to carry out its objectives. It is the policy orth¢ charity that u]trestricted fvnds which have not been designated for a specific use should be m9&ntained at a level equivalent to one y&2T5 ov¢rhead expenditure. Th¢ trustees consider that reserves at this level will ensure that, in the event of 3 signifIcant drop in funding, th¢y will be able to continue the charity's current activities while consid¢rbtion is given to ivays in which additional fttnds may b¢ r8ised. The reserves level is c￿￿entlY abovE ihe l¢vel uf cxpenditure for a year, however this js du¢ lo si8nifJc2ntly less spenditsg within the year due to having no care costs incurred. page I CHRISTIAN ORTHODOX CONVENT OF THE ANNUNCIATION TRUSTEES, IiEPORT (CONTINUED) FOR THE FE4R ENDED 31 DECEMBER 2025 A fund manager has b¢en i#$tru¢t¢d io ¢n5ure that investments are professiona]ly matjaged, to protdx capital and to m&xiniLSC reDJrn. All investments ar¢ stht¢d * mark¢t value at th¢ balance sheet datc. Pl*n5 forfuture periods The trustees SuG￿SsfullY set up a ch￿itable incorrrf)raied organisation caIled Convent of the A[￿UnCIatKOn with iegisrration numb¢r 1207424 on the 13th of March 2024. Thc trust pian to transfer its &%gets li#bilitie$ to th¢ new CIO. Structsre, 4Tovern*Thce #nd mAn#gement The Russian Orthodox Conv¢nt of th¢ Ar￿uncl￿1¥0ll wa5 founded in July L954 by the lateArthbishop John M&ximovich, Head of th¢ W¢si¢m Europe Dso¢¢s¢ of tkn Russian Orthodox Church Outside Russi& Its 5pirituaJ life is rtgulattd by the general rul¢s and s¢atutrS of the Russiwj Orthodox Chur¢lL The ¢harity was govErned by a trust deed. dated 6 Nowcmber 1959 8nd Tegistered with the CFwity Comtnission urtder registration n¢. 230922. After a rneeting of the trustees and to changes in the Russia￿ Orthodox church a new charity was set up in AugLJSt 21K)7 which adopted a ncw t￿￿t deed. All of the &sscts liabilities and opcrations pass¢d into this ehariiy at 3 L Decrtnbcr 2007. The new rcgistered charity the reference number 1120545. The irustets who served during the year and up to the date of signature of the flnancial statrments were.. Mrs Tatiana Jgjnes ]Oght Reverend Adriart Baird Rever¢Ad AAlexts The power of app(>xnting n¢w trt]stees is vest¢d by theAbbess. The trustees have a duty to identify and TCVICW the risk5 to whiGh th¢ ¢harity is ￿pOsEd 8nd to ￿5UT¢ aPPTopriat¢ wntrols arB in placeto provide reasonable assuranGe against fraud aDd error. The trustees, reportwas approv¢d by th¢ Board of Tru5¢¢¢s. James Trustee pag¢ 2 CHRISTIAN ORTHODOX CONVENT OF THE ANNUNCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRISTIAN ORTHODOX CONVENT OF THE ANNUNCIATION I report to the trustee5 on tny ¢xaminaiion of the financial Statements of Christian Orthodox Conv¢nt of Ihe Annun¢iation {the charity) for the year ended 31 December 2025. Rtsponyibilities 2nd basi8 of rnport A5 the trustees of the charity you r¢S￿￿5ible for the preparation of the finaDtial staiement5 in accordance with tht requiremenis of the Charities Aci 2011. I Tepon in respect of my examination of the ¢hartty's rtnanci81 statements C￿ried out urtder Section 145 of ihe Charitie5 Aci 2011. In carrying out Tny examination I hav¢ followed th¢ Directions given by th¢ ChaTity Commission under Seciion 145(5llbl of the Chariiies Ad 2011. IDdepeDdent eiAmiher's 5tatem¢nt Your attcniion is drawn to the fact that the Charity has prepared the financial Maternent5 in accordance with the relevant version of the Stat¢m¢Dt of Recommended Practice applicable to charities preparing their financial siatemeDts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and RepOr[￿g by Ch3rities'. Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations but ha5 now been w'ithdrawn. l understand that thi5 has been done in order for the fingmcial 5taternenis io providc a true and fair view in accordance with UK Generally AcceptedArcounlinE Praciice. I have completed mv exarnination. I confirm that no mallers have COTtL¢ to my attention in wnnection with the ¢x7aninalion giving Tne cause to believe that in any material respKt'. ccounting records wer¢ not kept in respect of th¢ chBrity as required by section 130 of the Charities Act 2011. the financial st31ements do not accord with those records., or the fi]tsn¢ial sutements do not comply with th¢ Rpplicable requirements wnceTning the form and conteni of financial Stratemenis sei out in th¢ Charities (Attounts and Reports) Regulation5 2008 other thaD any requirement thti the fmancial statemenis give a irut and fair view. which is not a matteT cons2der¢d ￿ part of independent examination. I have no COncerr￿ and hav¢ cotne across no other rnatters in connection with the examiDaiion to whiGh attention should be drawn in this repon in order to enable a proper understanding of the fjnancial siat¢ments to be reached DArrti H*rding ACA FCCA DChA Ibchard Place Dobson Scrvires Limiied Ground Floor 1-7 Station Road Crawley West Sussex IiHIO IHT Date.. È.(.otlL page 3 CHRISTIAN ORTHODOX CONVENT OF THE ANNUNCIATION STATEMENT OF FXNANCIALACTIVITIES INCLUDING INCOMK AND EXPENDITUR￿ AccouTrrr FOR THE YEAR ENDED 31 DECEMBER 2025 CurrtrLt financial y￿r Uhrestri¢ted Unrestrithd funds funds gtnerAI Desiin#ttd fllnds Totsl Totsl 2025 2025 2025 2024 Not¢s Illc0￿C xNd eDdowmtllts from: Donations and legacies Investrnents Other in¢ome 3,884 67,204 3,884 67204 1,902 60,178 Totsl income 71.088 71,088 162,L91 Expenditure on: Raising fvnds Charitabl¢ a¢tivits¢s 17.058 69,144 17,058 940,245 16.562 1,739,844 871,101 Totxl exptndits 86,202 871.101 957.303 1,756.406 Net gainsl(l05s￿I on inv¢stsllents li 12.841 12,841 31,722 Net expenditur¢ 12,273) {871,1011 (873,374) (1.562,493) Transfers beNrcen funds (42,986) 42,986 Other recognis¢d g2ills attd lossts: Rvaluation of tangible fixed ass¢r3 4,574,500 N¢t mov¢m¢nt in r￿lldS 145,259) 1828.115) (873,374) 3.012.007 Re¢onciliatiorE of fuDds: Fund ba]an¢es 31 l January 2025 70,421 4,885,078 4,955,499 1.943.492 Fund ba1allC￿ at 31 December 2025 25,162 4,056,963 4,082,125 4,955,499 The statetncnt of financial actÈvities Ktt¢ludes ail gains and losses recognL5ed in thc y¢w. All io¢om¢ and ¢xpettditUT¢ derive frotn Gontinuing activities. page 4 CHRISTIAN ORTHODOX CONVENT OF THE ANINUNCIATION STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE Accouf4T FOR THE YEAR E]VDED 31 DECEMBER 2025 Prior financial year Unrestricted Unrtstri¢ted futLds funds Eejjtral De$igttAted funds 2024 Total 2024 2024 Notes Income and eudow]ntttts from: Donations and legacies Investments Other incorne 1,902 60,178 1,902 60,178 Total income Expenditure on.. Raising fi]Dd$ Chariiable activiiies 16,562 1,707,844 16,562 1.739,844 32,000 TotAI expejjditure 1,724,406 32,000 1,756,406 Net gainsll1oss￿} on inv¢stm¢nts li 31,722 31,722 Net illtome 11,530,493) 132,0001 (1,562.4931 TraD5frrs between funds 1,463.370 11,463,370) Other recognised gains And lossw: Revaluation of tangible fixed assets 4,574,50Q 4,574.500 Net movemeut in funds {67,1231 3,079,130 3,012,007 ReconrilialioD of funds: Fund balances at l January 2024 137,544 1.805,948 1,943,492 Fund bglances *t 31 December 2024 70.421 4,885,078 4,955,499 page 5 CHRISTIAN ORTHODOX CONVENT OF THE ANNUNCIATION BALANCE SHEET ASA T31 DECEMBER 2025 2025 2024 Notss Flxtd #s$èts T8n8ible tssets InvestM￿ts 13 14 L.536.908 351.686 1.569.211 1.182,952 1,888,594 2.752,163 Current assets D¢btOTS C28h at bank and in hand 15 131.000 2,065,579 166.04Q 2,039,696 2.196.579 2205,736 Crtdxtors: amounts falling due withÈll olle year 16 13,0481 (14001 Net ClTTreiit assets 2,193,531 2,203.336 Totxl a$s¢ts less turrent liabilities 4.082.125 4,955.499 The funds of the ¢harity Unrestricted fund5- general Unrestricted funds~ D¢signat¢d fithds 18 17 25,162 4.056.963 70,421 4.88S,078 4,082,125 4.955,499 The financial statern￿ts wer¢ approv¢d by th¢ inLSi¢¢S on.................. Mrs Tatiafta James Trijstee P4e6 CHRISTIAN ORTHODOX CONVENT OF THE ANNUNCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YE4R ENDED 31 DECEMBER 2025 A¢¢ounting politits ChArity informxtio Christian Orthodox Convent of the Annunciation is a Ch￿lty, Th¢ principal address is Convent of the Annunciation, 26 Brondesbury Park. London, NW6 7DL. 1.1 Basis ofprepar#tio The fmancial 51atrTnents ha￿e been prepared in accordance with the charity's goveming dociimtnt, the Charities Act 2011, FRS 102 The Financial Reporting stE￿d0[d applicable in th¢ and Republic of Iteland and lh¢ Charities SORP "Accouniing and Reportin8 by Charities.. Statement of Recofflmended Practi¢¢ applicable to charities preparing their accounts in aGrord8n¢e wilh ihe Fin3ncial Reporting Standard applicable in th¢ UK and Republic of Irelartd (FRS 1021 The charity i5 a Public Benefit Entity 95 dBfjrted by FRS 102. The charity has t3keo advantage of the provisions in ihe SORP foT thaTilies not to prepare a statement of cash flows. The financi￿ statements have departed frotn the Charities (Accounts 3pd Reports) Regulations 2008 only to the extent TequiTed to provide a true and fair view. This depaTtt]re has involved followinE the Slaiemcnt of Recommended Practice foT charities applying fRS 102 Taiher than th¢ version of Ihe Statement of Retommended Practi¢t which is referred lo in thc Regulations but which has since been withdrawn. Th¢ financial statements are prepared in sterlin& which is the fi￿ctIOnal currency of the charity. Monetary amounts in these fjnancial stst¢m¢rJts gTe Touttded io the n¢Brest £. The fmancial stat¢tnents have been prepaT¢d under the hisioricaj cost convention. Th¢ prinripd accouniing policies adopied are 5¢t out below. 1.2 Coing eoncerD At the time of approving the financial statements, the tru5t¢ES have a reasonable ¢xp¢ctation that the charity ha$ adequate resources to continue in op¢rationd exigtertce for the for¢seeable future. Thus the trust¢es continue io adopt the going oncem basis of accounting in preparing the financtai 8tatetn¢nts. 1.3 Charitable fllnds Unrestricted fund5 are available fer use at the discr¢tion of the trustees in furth¢Tattce of their charitabl¢ objectives. Designated fvnds aTe unrestricted fund5 Set aside ai the discretion of the trustees to be u5td for a specific purpose. The deSi￿ated fund foT fixed 2sseis Is that p4rt of the unTestricied fvnd5 that Tepiesent8 fixed asset5 used in ihe day io day operation of the charity, the designated fund for investments represents both fixed asset Investrnents and fund5 held in deposit accounts. 1.4 Intome All in¢otne is recognised ID the Statement of Financial Activities oncc th¢ ¢haT5ty has entitlem¢nt to the fimds. it is probable thai the income will be receivcd and the aTDount can bt measured reliably. DoDatiOnS and similar incoming r¢5ources are included in the yw in which they r¢ceivable which 18 when the charity becom¢s ¢ntitled to the resource. Income from invesllnents is included in the SOFA in the y¢aT in which it l8 receivabl¢ which is when the ch8Tity beeomcs entitled to the r¢50ur¢es. page 7 CHRISTIAN ORTHODOX CONVENT OF THE ANNUNCIATION NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE IE4R ENDED 31 DECEMBER 2025 Attortttting policA (Colltinu¢d} 1.5 ExptLdltllre Expendiiure is r¢(ognis¢d onGe ther¢ is a Icgal or COns￿¢tive Obligation to transftr economic bffl¢fLt to athird p*ty, it is piob#bl¢ thai a transf¢r of economic benefits will be required in s¢ttJemetL and the amount of the obligation cart b¢ Lne&%ured reliably. Expcnditure 15 GI3s5ified by acrivity. The ¢o$ts of ¢a¢h &tivity ¥rc tnadc up of the totsi ofdir¢¢t costs and shared costs. including support costs involved in undettaking *tivity- Direct costs attributablt to a single activity are allocated direthly to thai activity- Shgjed cosis contribute to more th¥￿ one &etivity and support costs which noi attributabl¢ to a singlc activity arc apw>rtioned betwecn those activities on a b￿lS consAstent with th¢w¢ of r¢sources. All exp¢nditur¢ Is account￿ for on aTh accruajs b&sis 8lld has been ¢18ssified between the costs directly attribut￿1¢ to th¢ nvent and the sister3 and n￿￿gerne￿t administration costs. 1.6 T#ngibl¢ fixed assets Tangiblc fixcd a5scIs 2re initially mwured ai Cost and subsequently tne&8ured ai cost or valuatioJ¥ n¢t of d¢prKiation 8nd any irnpainncnt losscs. Deprtciation is rccogniscd so as 10 thrite off the cost or valu2ti0n of assets less their residual valucs over the￿ useful lives on Ihc following basL8- Land and buildings Fixtures, fItting5 & equipment Motor v¢hiBI¢s 20/0 $tr4ight lirte 25% Rcducsng baIart¢e 25/0 ReduGing balancc Th¢ gain or loss arising on the disposat of ao ¥s¢t is d¢t¢min¢d # th¢ diffcrtn¢¢ be¢wecn thc sale PTo¢ecd5 9￿￿ the ¢ary%ng vatu¢ of th¢ &8se¢ and is re¢ognis¢d itt th¢ stat¢tn¢ni of fs]]an¢iai a¢tivsli¢s. All ass¢ts ¢osting more than £500 ar¢ capitslis¢d. 1.7 Fixed ￿tt illvtsttnents Investmens ￿e stated at market value at the ba]3nc¢ sheet date. The SOFA includes the net gains al￿ loss&% ￿lsing OEJ rev81uation. 1.8 Cash and c¥sh equivalents Cash z¢ the bank and in hand includes ¢&8h and short tenn hsghly 12quid invethents with a short rna￿rity of three months or less from the date of aquisition or opewng of the deposit or simi18r accoLWLL 1.9 Fittan¢ial instruments The charity has elected io apply the provisions of Section I I 'Ba5ic Finan¢ial Instrum¢nts' and S%¢ion 12 '0th¢r Financial InstrLTh¢nts Issue&, of FRS 102 10 aIl of its fsrJatt¢ial instrurtt¢nts. Fsnancial instrLLments are reCo￿lSed in the tharity's balance 5hEet when the ch3Tity becomes party to the contractt provtsions of the instrumenL BÉuicfiNL7nciuI afsets B&sic financial &%sets. which includ¢ debtor5 ar￿ and batik bdattces, *TE instiaily mea%urcd at ttans2ction PTICC in¢luding trans&ction costs alld are subsequently c8Thied at gKt]ortised ¢ost using th¢ ¢ffe¢iiv¢ inr¢r¢st method ￿esS the aTrgng¢D]¢nt Constitutes a f￿anCIng transactio￿ where the transaction is m&tsur¢d at th¢ pr¢s¢nt valu¢ of th¢ future receipts dsSCOUllted at a markct ratc of sntcrtst. Financial &ssets cla£sified &8 rec¢ivablc withirA one yiaf aT¢ rtot amtsrtised. dge8 CHRISTIAN ORTHODOX CONVENT OF THE ANNUNCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Ac¢oulltin8 poliites Icotttithuedl Brtsicfinwiciallinbilities Basic fi]wicial liabililits. including creditors and bgnk loans are initially recognised at tramsa¢tion price un1¢55 the aTTangem¢nt constitutes a fJnai)Ging transaction. Financi￿ liabilitie5 ¢l&q8ified 85 payable within one yew are not amonised. 1.10 TixAtion As a rharity. the congregation is not subjE¢t to corporation tax or other layes on income and gains arising fiom lis charitabl¢ objectives. Tax refi]ndable on investment in¢om¢ i5 acc4)unted for in ihe year in wkuch ihe repayment is received. 1.11 Ch*ritible activitie5 Charitable Zcliviiies relate to the costs of th¢ community 9￿d have been allocated directly to the fvnctional headings as shown on the SOFA. The trustees have idetJtifi¢d Drte dircct charitable aciivity. Support Costs include governance costs which are costs associated with me¢tiDg the constitutiopal and statutory requirernents of ihe charity and includ¢ independent examination fees, aecountancy fees and b2nk charges. Critical accountlllg estimates and judgements In th¢ application of the charity's accounting policies, the tru8iees ar¢ required to make judgements, ¢stitnates and SUTnPtions about ihe carrying amount of a55ets and liabilitie5 that aTe noi readily apparent from otheT sources. Th¢ esli]nates and associated assu]npIiO￿ are based on historical experience and other factors that ar¢ consideTed to b¢ levant. Actual r¢sults may differ from th￿e estimates. The ettimates and underlying a55umptions are revieived on an ortgoing basis. Revisions 10 accounting esiimatt5 are recognised in the period in which the estimate is revised wheTe the r¢vision affec15 only that period, 01 in ihe period of the revision and future periods wher¢ the Teyision aff¢cts both current and futurc peTiods. Key souttts of estimation uDttrtAinty lllvtstment Value Valuaiion of inve5ttnents ai m￿k¢t value, b2sed on calculation by the in¥esiment fvnd manager. The investmenis held are all shares list¢d on a recognised stock ex¢h2nge and have an easily identifiabl¢ n)3Tkei value. Income from donations And legacies Unrestricted fullds 2025 Uttrestricted futLds 2024 Donations a￿d gifts 3,884 1,902 page 9 CHRISTIAN ORTHODOX COIYVENT OF THE ANNUNCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDED 31 DECEMBER 2025 IDeome from investments Unrutricted Unrestricted funds furtds 2025 2024 Income from listed inYesttD¢nts Interest receivable 31,172 36,032 38,203 21,975 67,204 60,178 Other xht(pmÈ UnrestTiCted Ullrestricted funLIs funds 2024 2025 Net gain on disposal of tangible fExed assets 100,111 Raising funds Unrtstricted Unrestrict¢d fund5 funds geneol 2024 2025 Inv￿Ment management 17,058 16,562 17,058 16.562 yag¢ 10 CHRISTIAN ORTHODOX CONVENT OF THE ANNUNCIATION NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Charitable *ctivitits Provisitsn of Provision of Religious Religious Servites Serviets 2025 2024 Dtpreciation alljd iIDpaimJeni Raies and water InsuTan¢e Light and h¢at Tel¢phone Church expen5¢S Food and hou5thold expen8es Gifi5 32,303 32,403 810 6,958 2.805 353 2,340 8,632 1,649,500 1,872 4,840 889.001 928.826 1,706,110 Shar¢ of support cosis15ee tjote 81 Share of govertwire Costs (se¢ note 8) 91 11,328 137 33,597 940.245 1.739.844 Analysis by fond UnTestri¢ted funds- g¢nera] Propety Fund 69,144 871,101 1,707,844 32,000 940.245 1.739,844 Support e05ts Support costs GovernAnce eosts 2025 Support costs Governxntt costs 2024 B￿]k charges 91 91 137 137 Indeped¢iJt examiner fees Accountartcy Professional fees Legal fees 3.780 648 3,780 648 4,990 1,080 1,992 25.535 4,990 1,080 1,992 25.535 6,900 6,900 91 11.328 11,419 137 33,597 33,734 Analy5¢d between Charitable activit1¢5 91 11,328 137 33,597 53.734 Governance costs includes payrnents 10 the accountants of £2,40012024 - £2,400) for an Independent examination and £2,028 {2024- £3,670) for other 5eryites. pBge 11 CHRISTIAN ORTHODOX CONVENT OF THE ANNUNCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE ￿AR ENDED 31 DECEMBER 2025 Not ]novement io funds 2025 20Z4 The net movemtnt irt funds is stated after charginyJ(crediting)= F¢¢5 payable to the charity's indcpendtnt exarniner.. - for the ind4)tndent exwnination of the Ch￿1￿,$ financial statements - for other financi8] scrviccs Depreciation of owned tangible fixed ass¢ts Lossllprofitl on disposal of tsngibl¢ fixed assets 1400 2,028 31303 2,400 3.670 32,403 10 Trustees One ofthe trustee4 Father Archrnandrite Alexis. w0￿S as one of four priests and two bishops who serve the ckartty in thtir professional capacity. In perfomjing these duties alort¢, Fath￿ AI¢xi5 receives reimburs¢d trdv¢I expenses ju8t as tht other priests and bishops receii'e. Father Al