THE ORTHODOX COMMUNITY OF THE ASCENSION AND ST CHAD, RUGBY # **TRUSTEES’ REPORT AND ACCOUNTS YEAR ENDED 31 DECEMBER 2025** THE ORTHODOX COMMUNITY OF THE ASCENSION AND ST CHAD, RUGBY ## **CHARITY REGISTRATION 1122061** ## **TRUSTEES REPORT** ## **YEAR ENDED 31 DECEMBER 2025** ## **ADDRESS** c/o Mr P J Johnson 135 Addison Road Bilton CV22 7HB ## **TRUSTEES** The Trustees throughout the period and at the date of this Report were: Mrs A M Arnautu Dr A Bastien Dr C Bastien (Resigned 12/05/25) Dr P N Economou Chairman/Joint-Acting Treasurer (Resigned 12/05/25) Mr P J Johnson Secretary/Acting Chair from 28/06/25 Mr C A Maria (Elected 12/05/25) Mr M Moldovan Treasurer (Elected 16/06/25) Mr D Telveenus (Elected 12/05/25) Mr I Whittaker Chairman (Resigned 28/06/25) Mrs B Wittwer ## **BANKERS** The Co-operative Bank Manchester M4 4BE ## I **NDEPENDENT EXAMINER** Mr KMS Alton-Honeywell Birchenhoe Crowfield Brackley Northamptonshire NN13 5TW THE ORTHODOX COMMUNITY OF THE ASCENSION AND ST CHAD, RUGBY ## **STRUCTURE AND GOVERNANCE** The Charity is governed by a Constitution dated 13 May 2007. Membership is open to any baptised and chrismated Orthodox Christian over the age of 18 who supports its Objects and who has paid a voluntary membership subscription. The Trustees are elected by the members for a period of 2 years. The Trustees meet at least 4 times per year. ## **PUBLIC BENEFIT** The Trustees have given careful consideration to the Charity Commissioners’ advice and consider that the activities of the Charity are in the public benefit. ## **OBJECTIVES AND ACTIVITIES** The objects of the Community are the advancement of the Orthodox Christian faith and traditions as contained in Holy Scripture, as practised in the life of the church, as confirmed by the Oecumenical and local Councils and as interpreted, preserved and taught by the great Church of Christ, the Oecumenical Patriarchate of Constantinople ("the Objects"). In the period the Charity continued to provide services in the Orthodox Tradition at The Chapel, The Cemetery, Clifton Road, Rugby CV21 3QW. ## **FINANCIAL REVIEW AND FUTURE STRATEGY** The Trustees’ underlying primary financial objectives of attaining at least an operational break-even position at the end of each financial year and of maintaining reserve funds at a level equivalent to at least one Quarter’s foreseen expenditure, as recommended by the Charity Commissioners, remain unchanged. In 2025 the Trustees agreed in its budget setting for that year to spend some of the accumulated funds on refurbishments and improvements to the church fabric. That work was carried out, and completed within budget. The expenditure on refurbishment and improvements to the church fabric has contributed to the £6.9K net deficit seen in 2025 in terms of income against expenditure. Another contributing factor seen in the increase of expenditure was the THE ORTHODOX COMMUNITY OF THE ASCENSION AND ST CHAD, RUGBY cost of visiting clergy to our parish incurred in 2025, which was not able to be foreseen or properly budgeted for at the start of 2025 due to the worsening health and increasing frailty of our parish priest as the year progressed and the increasing frequency of visits from clergy sent from the Archdiocese to come to our parish to assist in the services and the increase in need for clergy support. The need for visiting clergy is expected to continue for the foreseeable future into at least 2026. The Trustees, therefore, have initiated action to increase the level of income into the Community, whilst also taking action to identify potential and beneficial savings in expenditure in other areas e.g. changing electricity tariff plan, changing website provider etc. A programme is currently being developed to increase donations into the Community in an effective, sensitive and spiritually appropriate manner. In addition, the Trustees continue to be in consultation with the Archdiocese, and have gained their agreement to have a lower remuneration rate set for visiting clergy to ensure that this cost is properly budgeted for, and that it is adequately covered by the Community’s funds. Signed by the Acting Chairman on behalf of the Trustees 10th May 2026 THE ORTHODOX COMMUNITY OF THE ASCENSION AND ST CHAD, RUGBY THE ORTHODOX COMMUNITY OF THE ASCENSION ## AND ST CHAD, RUGBY Signed by the Treasurer on behalf of the Trustees 10th May 2026 CHARITY COMMISSION FOR ENGLAND AND WALES THE OR THDDOX :oro,K14JNITY CJF. T14- AS=F14S1O￿ AN 1122Q61 Receipts and payments accounts CC16a Forthe period from To 0110112025 3111212025 Section A Receipts and payments Unrestrlcted funds Restricted fund8 Endowment funds Total funils Last year tothe neamt totho n8*￿81£ tothe ￿0[•$t£ totho near96t£ tothg npare61£ A1 Rteelpts DonaiiMS QfftAbd re Deposit In￿r&s1 20,658 4,278 658 4,278 17,227 4.409 129 men Sub total( ross income or ARJ A2 Asset and Inv•stsn8ntsal•8, l$ee tsblel. 25.054 25,054 21,766 Sub total Total recelpts 26.064 25￿64 21,765 A3Pa ments Clergy siipends athj exp•rt$•s Building COSiS LiturgicA SUPPlie$ Webwts 19.389 9,992 2,M7 115 19,389 9,092 2.447 115 14.260 4,788 1,770 Sub total 31,944 31.944 ZO,818 A4 A$$et and Investrn?nt purcha$•$. {$oe table Sub total 31,944 31,944 20,818 Net ofrncei￿￿{p#Ymentsj A5 Transfers between funds A6 Ca$h funds last year end Cash funds this ygor end 6.890 21,683 14,793 21,683 14,793 Section B Statement of assets and liabilities at the end of the period Unreslricted lund$ Rostricted funds to np•r0St£ Endowment fvnds tonèarestÉ Cate9Qrig$ Details to rnEarest £ 81 Cash fund8 Cwp MfAn kGount BA89 psavings pr￿U￿1 6,303 Total cash fun 14.793 lagre2 receiFrts *id P￿MentS OK Endowment funds Unrestrl¢tgd funds R•st￿et•d funds to ￿•re$l£ Detsil$ NIA to nearqst£ to n•ar4st£ 82 Other monetary assets Fund to whlch •ss•t bfrlon Current value lonal Detslls NIA eostlopuonall B3 Inv08tmont ass&ts Fund to whl¢h asstt Curr•ntvalu9 D•tsii$ NIA ¢￿tI0p￿￿n*￿ B4 Ass&ts retained for the charty's own Fundtrowhich r•kt•s Amountdue When due (oDtlonall Detsils NIA BS Liabilitles Swjned by cfi8 Cr ￿tst￿$t*s on hay of all the trustegs Dale of roval SvJn8tur& Prinl Name CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independenl Examiner's Report Report to the trusteesl members of THE ORTHODOX COMMUNITY OF THE ASCENSION AND ST. CHAD, RUGBY On accounts for the year ènded 31 De￿rn￿¢r 2025 Charity no (if any) 1122061 Set out on pag•8 'Finan¢ial Statements 0110112025- 3111212025. I report to the trustees on my examination of the accounts of the above charity ('the Trust") for the year ended 3111212025. Re$ponsibllltl88 and As the charity trustees of the Trust, you a￿ responsible for the preparation basls of report of the accounts in accordan￿ with the requirements of the Charities Act 2011 ('the Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of th8 2011 Act and in carrying out my examination, I have followed the applieabk Directions given by the Charity Commission under section 145{5)(b) of the Act. I have completed my examination. I confim that no material matters have come to my attention in connection wth the examination which give8 me Cause to believe that. in any material respect.. accounting records were not kept in acwdance with section 130 of the Act, or the accounts do not accord wth the accounting records. I have no conc8ms and have come across no otsr matters in connection with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Slgned: Date: J8 April 2026 Nam•: KEWN MAURICE SEF14PHIM ALTON HONEy￿ELL Relevant profesglonal qualification{s} or body (If any): Address: BIRCHENHOE CROWFIELD BRACKLEY NN13 5TW IER October 2018