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Charity accounts (final) **Filename:** (31_10_2024)[3031648].PDF ~~= UlUlt~—~~ **Client of:** McDade Roberts Accountants Limited ~~== +~~ Signature Details **Name:** Ciprian Badin ~~<_<~~ **Email:** fr.ciprianbadin@gmail.com ~~<_<~~ **Date & Time:** 29/09/2025 19:30:35 PM (BST) ~~<_<~~ **IP Address:** 82.132.237.111 ~~<_<~~ Ciprian Badin confirms that the information is **Signing Statement:** correct and complete to the best of their knowledge and belief. ~~—=~~
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**REGISTERED CHARITY NUMBER: 1157458**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 October 2024**
**for**
**The Orthodox Church of Saint Silouan**
McDade Roberts Accountants Limited Chartered Accountants 316 Blackpool Road Fulwood Preston Lancashire PR2 3AE
**The Orthodox Church of Saint Silouan**
**Contents of the Financial Statements for the Year Ended 31 October 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Statement of Financial Position**||6||
|**Notes to the Financial Statements**|7|to|12|
|**Detailed Statement of Financial Activities**||13||
**The Orthodox Church of Saint Silouan**
**Report of the Trustees for the Year Ended 31 October 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 October 2024. The trustees have adopted the provisions of 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 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The purpose of the charity
The Charity exists to advance and promote the Christian Faith in accordance with the teachings and practices of the Orthodox Church, as stated in its governing document.
## Objectives
The Charity is committed to increasing the spiritual strength and well-being of its parishioners by nurturing a deeper understanding and practice of the Orthodox Christian Faith. Central to our mission is the desire to engage meaningfully with the wider community, offering spiritual guidance, emotional support, and a place of refuge to all who seek it.
Grounded in Christian values, the Charity aspires to be a beacon of hope and compassion-especially for those facing hardship, loneliness, or personal crisis. The Orthodox Church remains open to all in spiritual need, offering not only prayer and sacraments but also a listening ear and a comforting presence.
We aim to foster a strong, inclusive, and spiritually vibrant parish community that reflects the love, mercy, and healing found in Christ.
## **Significant activities**
The Charity offers a variety of ways for individuals to contribute to its mission and makes its facilities available for both worship and broader community use. The church serves as a space for religious services, while the adjacent community hall supports educational, cultural, and social activities.
The significant activities are:
- Providing and maintaining ministerial and pastoral services through clergy;
- Organising religious services, self-development meetings, and conferences;
- Supporting individuals and families in need;
- Delivering spiritual, social, cultural, and educational programs;
- Promoting language education, particularly in English and Romanian.
To support these aims, the Charity has organised Bible study groups, cultural talks, community gatherings, and social events following Sunday services. It has also actively supported youth initiatives within the Church.
Page 1
**The Orthodox Church of Saint Silouan**
**Report of the Trustees for the Year Ended 31 October 2024**
## **ACHIEVEMENTS AND PERFORMANCE**
Regular services of the Holy Liturgy were conducted every Sunday and on major Holy Days. Additional weekly services, such as matins, vespers, and special prayers for the sick and those affected by the pandemic, were also held, invoking the intercession of the Mother of God and all Saints.
The Charity has continued to celebrate key life events with members of the community, including baptisms, weddings, and funerals, in accordance with Orthodox Christian traditions and in compliance with Government health guidelines.
Furthermore, the Charity has successfully participated in community initiatives, including those supported by FareShare, Neighbourly, and FoodShare, to deliver valuable projects addressing food poverty and social isolation.
## **FINANCIAL REVIEW**
## **Financial position**
The charity experienced a growth in turnover of nearly 20% during the year. A portion of the resulting surplus reserves has been allocated towards capital improvements, specifically funding the extension of the existing building through the addition of a Pavilion. At the same time, we remain committed to careful financial management, closely monitoring overheads and ensuring prudent spending. This approach supports the long-term sustainability of the charity and enables us to build reserves for future needs.
At the same time, we remain committed to careful financial management, closely monitoring overheads and ensuring prudent spending. This approach supports the long-term sustainability of the charity and enables us to build reserves for future needs.With the surplus adding to closing bank balance and reserves it may also be pertinent to comment on the reserves policy and what the funds are being held towards (this may be to safeguard activities or perhaps to expand or increase premises)
## **FUTURE PROJECTS**
Looking ahead, the Charity remains committed to:
- Growing the number of parishioners and volunteers;
- Enhancing the functionality and appeal of the community space;
- Maintaining an active and engaged role as a grassroots organisation within the local community.
The Trustees extend their heartfelt thanks to all Council members and volunteers whose dedication and service continue to make the work of the Charity possible.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Risk Management
The Trustees have reviewed and updated the Charity's core policies, including those related to Health and Safety, Fire Safety, Safeguarding, Equality, and Data Protection (GDPR).
The three Trustees work collaboratively to ensure robust financial oversight, while responsibilities among the Trustees and the ten Committee members are clearly defined. Regular formal and informal meetings support effective governance. The Charity is fully insured, and all procedures are routinely reviewed for compliance and effectiveness.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1157458
Page 2
**The Orthodox Church of Saint Silouan**
**Report of the Trustees for the Year Ended 31 October 2024**
## **Principal address**
Preston Emmanuel Vicarage 2 Cornthwaite Road Preston Lancashire PR2 3DA
## **Trustees**
Reverend C Badin Dr N Murse Mrs A Lord
## **Independent Examiner**
McDade Roberts Accountants Limited Chartered Accountants 316 Blackpool Road Fulwood Preston Lancashire PR2 3AE
Approved by order of the board of trustees on 16 September 2025 and signed on its behalf by:
Reverend C Badin - Trustee
Page 3
**Independent Examiner's Report to the Trustees of The Orthodox Church of Saint Silouan**
## **Independent examiner's report to the trustees of The Orthodox Church of Saint Silouan**
I report to the charity trustees on my examination of the accounts of The Orthodox Church of Saint Silouan (the Trust) for the year ended 31 October 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Martin Garry BA (Hons), FCA
McDade Roberts Accountants Limited Chartered Accountants 316 Blackpool Road Fulwood Preston Lancashire PR2 3AE
16 September 2025
Page 4
**The Orthodox Church of Saint Silouan**
## **Statement of Financial Activities for the Year Ended 31 October 2024**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
2
Investment income
3
**Total**
**EXPENDITURE ON**
Raising funds
4
Other
**Total**
**NET INCOME**
**Transfers between funds**
11
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
53,059
15,670
41
68,770
15,490
33,034
48,524
20,246
4,693
24,939
148,728
173,667|Restricted
fund
£
-
-
-
-
-
-
-
-
(4,693)
(4,693)
7,660
2,967|31.10.24
31.10.23
Total
Total
funds
funds
£
£
53,059
39,735
15,670
19,500
41
-
68,770
59,235
15,490
18,257
33,034
27,969
48,524
46,226
20,246
13,009
-
-
20,246
13,009
156,388
143,379
176,634
156,388|31.10.24
31.10.23
Total
Total
funds
funds
£
£
53,059
39,735
15,670
19,500
41
-
68,770
59,235
15,490
18,257
33,034
27,969
48,524
46,226
20,246
13,009
-
-
20,246
13,009
156,388
143,379
176,634
156,388|
|---|---|---|---|---|
|||||59,235|
|||||18,257
27,969|
|||||46,226|
|||||13,009
-|
|||||13,009
143,379|
|||||156,388|
The notes form part of these financial statements
Page 5
**The Orthodox Church of Saint Silouan**
## **Statement of Financial Position**
## **31 October 2024**
|Notes
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Stocks
8
Debtors
9
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
101,585
8,000
6,917
65,235
80,152
(8,070)
72,082
173,667
173,667|Restricted
fund
£
-
-
-
2,967
2,967
-
2,967
2,967
2,967|31.10.24
Total
funds
£
101,585
8,000
6,917
68,202
83,119
(8,070)
75,049
176,634
176,634
173,667
2,967
176,634|31.10.23
Total
funds
£
113,880
8,500
13,971
28,442
50,913
(8,405)
42,508
156,388
156,388
148,728
7,660
156,388|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 16 September 2025 and were signed on its behalf by:
C Badin - Trustee
The notes form part of these financial statements
Page 6
**The Orthodox Church of Saint Silouan**
**Notes to the Financial Statements for the Year Ended 31 October 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Long leasehold|- in accordance with the property lease|
|---|---|
|Improvements to property|- 20% on cost|
|Fixtures and fittings|- 25% on cost|
|Motor vehicles|- 20% on cost|
|Computer equipment|- 25% on cost|
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 7
**The Orthodox Church of Saint Silouan**
## **Notes to the Financial Statements - continued for the Year Ended 31 October 2024**
## **2. OTHER TRADING ACTIVITIES**
|**2.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||31.10.24|31.10.23|
|||£|£|
||Shop income|15,670|19,500|
|**3.**|**INVESTMENT INCOME**|||
|||31.10.24|31.10.23|
|||£|£|
||Deposit account interest|41|-|
|**4.**|**RAISING FUNDS**|||
||**Raising donations and legacies**|||
|||31.10.24|31.10.23|
|||£|£|
||Support costs|40|(573)|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.
## **Trustees' expenses**
During the course of the year the trustees have been reimbursed for expenses incurred whilst performing duties for the charity.
## **6. RESTRICTED GRANTS**
£7,660 of restricted grant funding was brought forward from the previous year.
During the year, £4,693 was spent on the pavilion refurbishment. The remaining £2,967 was not spent prior to the year end and is represented by a restricted fund balance on the bank account of £2,967
This is to be spent on a pavilion, with works commencing in December 2024
Page 8
**The Orthodox Church of Saint Silouan**
## **Notes to the Financial Statements - continued for the Year Ended 31 October 2024**
## **7. TANGIBLE FIXED ASSETS**
|**COST**
At 1 November 2023
Additions
At 31 October 2024
**DEPRECIATION**
At 1 November 2023
Charge for year
At 31 October 2024
**NET BOOK VALUE**
At 31 October 2024
At 31 October 2023
**COST**
At 1 November 2023
Additions
At 31 October 2024
**DEPRECIATION**
At 1 November 2023
Charge for year
At 31 October 2024
**NET BOOK VALUE**
At 31 October 2024
At 31 October 2023|Improvements
Long
to
leasehold
property
£
£
65,333
78,613
-
4,693
65,333
83,306
980
29,086
327
16,661
1,307
45,747
64,026
37,559
64,353
49,527
Motor
Computer
vehicles
equipment
£
£
21,156
7,519
-
-
21,156
7,519
21,156
7,519
-
-
21,156
7,519
-
-
-
-|Fixtures
and
fittings
£
7,426
-|
|---|---|---|
|||7,426|
|||7,426
-|
|||7,426|
|||-|
|||-|
|||Totals
£
180,047
4,693|
|||184,740|
|||66,167
16,988|
|||83,155|
|||101,585|
|||113,880|
Page 9
**The Orthodox Church of Saint Silouan**
## **Notes to the Financial Statements - continued for the Year Ended 31 October 2024**
|**8.**
**STOCKS**
Finished goods
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Prepayments
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
**11.**
**MOVEMENT IN FUNDS**
At
1.11.23
£
**Unrestricted funds**
General fund
148,728
**Restricted funds**
Restricted funds
7,660
**TOTAL FUNDS**
156,388
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
in funds
£
20,246
-
20,246
Incoming
resources
£
68,770
68,770|31.10.24
£
8,000
31.10.24
£
4,631
2,286
6,917
31.10.24
£
2,324
5,746
8,070
Transfers
between
funds
£
4,693
(4,693)
-
Resources
expended
£
(48,524)
(48,524)|31.10.23
£
8,500
31.10.23
£
11,863
2,108
13,971
31.10.23
£
7,020
1,385
8,405
At
31.10.24
£
173,667
2,967|31.10.23
£
8,500
31.10.23
£
11,863
2,108
13,971
31.10.23
£
7,020
1,385
8,405
At
31.10.24
£
173,667
2,967|
|---|---|---|---|---|
||||176,634||
||||Movement
in funds
£
20,246
20,246||
|||||20,246|
Page 10
**The Orthodox Church of Saint Silouan**
## **Notes to the Financial Statements - continued for the Year Ended 31 October 2024**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
Transfers
At
movement
between
1.11.22
in funds
funds
£
£
£
**Unrestricted funds**
General fund
133,379
13,009
2,340
**Restricted funds**
Restricted funds
10,000
-
(2,340)
**TOTAL FUNDS**
143,379
13,009
-
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
59,235
(46,226)
**TOTAL FUNDS**
59,235
(46,226)
A current year 12 months and prior year 12 months combined position is as follows:
Net
Transfers
At
movement
between
1.11.22
in funds
funds
£
£
£
**Unrestricted funds**
General fund
133,379
33,255
7,033
**Restricted funds**
Restricted funds
10,000
-
(7,033)
**TOTAL FUNDS**
143,379
33,255
-|At
31.10.23
£
148,728
7,660|
|---|---|
||156,388|
||Movement
in funds
£
13,009
13,009
At
31.10.24
£
173,667
2,967|
||176,634|
Page 11
**The Orthodox Church of Saint Silouan**
**Notes to the Financial Statements - continued for the Year Ended 31 October 2024**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|128,005|(94,750)|33,255|
|**TOTAL FUNDS**|128,005|(94,750)|33,255|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 October 2024.
Page 12
**The Orthodox Church of Saint Silouan**
## **Detailed Statement of Financial Activities for the Year Ended 31 October 2024**
||31.10.24|31.10.23|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations and other income|53,059|39,735|
|**Other trading activities**|||
|Shop income|15,670|19,500|
|**Investment income**|||
|Deposit account interest|41|-|
|**Total incoming resources**|68,770|59,235|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Purchases|14,109|16,520|
|Events|1,341|2,310|
||15,450|18,830|
|**Other**|||
|Motor and travel expenses|1,793|2,242|
|**Support costs**|||
|**Management**|||
|Rates and water|350|327|
|Light and heat|5,075|4,438|
|Telephone|411|401|
|Postage and stationery|-|536|
|Repairs and renewals|2,936|378|
|Computer expenses|428|216|
|Long leasehold|327|327|
|Improvements to property|16,661|15,723|
|Fixtures and fittings|-|444|
||26,188|22,790|
|**Finance**|||
|Insurance|2,748|2,364|
|**Governance costs**|||
|Accountancy and legal fees|2,345|-|
|Total resources expended|48,524|46,226|
|**Net income**|20,246|13,009|
This page does not form part of the statutory financial statements
Page 13