**REGISTERED CHARITY NUMBER: 1168710**
## **Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 September 2022 for**
## **The Greek Orthodox Community Of The Holy Trinity Brighton & Hove**
**Auguste + Auguste**
**1 Dukes Passage Brighton East Sussex BN1 1BS**
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## Contents of the Financial Statements
for the Year Ended 30 September 2022
||Page|
|---|---|
|Report of the Trustees|1 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 14|
|Detailed Statement of Financial Activities|15 to 16|
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## Report of the Trustees
for the Year Ended 30 September 2022
The trustees present their report with the financial statements of the charity for the year ended 30 September 2022. 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 Greek Orthodox Community of the Holy Trinity Brighton & Hove seeks to advance the Greek Orthodox religion for the benefit of the public in Brighton & Hove through the operation and running of a Church, a vicarage and a Greek language school.
## **Public benefit**
The trustees have had regard to the Charity Commission guidance on public benefit, and paid due regard to it in deciding what activates the charity should undertake.
The trustees are satisfied that the ongoing activities which they are involved in means that the charity is continuing to meet the public benefit requirement.
1
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
Report of the Trustees for the Year Ended 30 September 2022
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
The Greek Orthodox Church of the Holy Trinity was entered to the register of charities on 10 August 2016. The charity was started by members of the Greek Orthodox Community of Brighton, whom in the 1960's started meeting together in various churches under the guidance of Archdiocese of Thyateira & Great the Eastern Orthodox Church.Britain for the worship of God according doctrine and practices
The first church was purchased entirely out of voluntary contributions and in 1985 we moved to the present church in Carlton Hill, Brighton. Later a property was purchased on the Old Shoreham Road, Brighton, that serves as a vicarage. The vicarage was purchased from savings, voluntary contributions and a bank loan, now fully repaid. The properties are held in trust on behalf of the charity in the names of the following trustees. His Eminence Archbishop Gregorios of Thyateira & Great Britain Andreas Archontides Dr M N Makratzakis
The charity's main objectives are to maintain the doctrines and practices of the Greek Orthodox Church and specifically the observance of baptism, the acceptance of persons wishing to enter into Holy Matrimony, the conducting of burial services, the provision of a place of worship, prayer and the Holy Communion under the guidance of the Holy Spirit.
The church also serves as a social focal point for the Greek Orthodox Community of Brighton & Hove and for a few years now has welcomed Orthodox Christians from Europe and other countries into the congregation.
The church also houses the Greek Language School of Brighton & Hove which is open to anyone complying with the requirements of Greek education.
The governing trustees, the elected committee members, who run the day to day affairs of the charity, along with the ladies of philoptochos, took an oath of good compliance and good governance in the presence of the Archbishop of Thyateira. Together they successfully organise events to raise funds via dinner dances, fetes, coffee mornings and rental income.
The parish priest Father Germanos has been with us for nine years and together with the trustees and members of the church committee and philoptochos committee are available to provide help and assistance to the needy whenever possible.
The first phase of repairs that was authorised by the trustees in August 2017 in order to make the church buildings safe is now satisfactorily completed and we feel the money was well spent. The church committee and the trustees agreed it would be beneficial for the community and the congregation, if we are able to acquire the property next to our church known as the Riley Hall and later The Deaf Centre which will serve as a vicarage to accommodate our priest near the church and extra classrooms which are very much needed for our expanding Greek school as well as having the hall available for our community's needs. We successfully purchased The Deaf Centre in June 2019 using proceeds from the sale of the property on Old Shoreham Road. The property on Old Shoreham Road was sold to Michael Papadopoulos, a close family member of a former trustee, for £370,000.
2
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## Report of the Trustees
for the Year Ended 30 September 2022
## **FINANCIAL REVIEW**
## **Financial position**
For the year ended 30 September 2022, there was a surplus of £971 (2021: Deficit of £24,321).
There was a balance of £642,581 (2021: £641,640) of unrestricted funds, and £nil (2021: £nil) of restricted funds.
The trustees seek to maintain sufficient reserves to ensure the smooth ongoing day to day operations of the charity.
## **FUTURE PLANS**
Our main income is from weekly donations from our Sunday church services. Closing the church has a vast impact and on donations also as we are unable to communicate monies needed for repairs and bills for our church and buildings due to the congregation being absent and many not using the internet. The church has many costs that rely on the community to help with and closing down the church and school has a large
Having just purchased the hall next door to the church this has been a difficult time as we spent a large amount of money building accommodation for our priest reducing our cash reserves. The furlough payments have helped with salaries for our priest and allowed us to have more funds to carry on paying the teachers from our school. We are confident as in previous difficult times our community will work hard to help the church and properties to be secured and look after our community.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1168710
## **Principal address**
34 Belsize Road Worthing BN11 4RE
3
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## Report of the Trustees
## for the Year Ended 30 September 2022
## **Trustees**
A Sparsis E Lazanakis Dr N Makratzakis F Papanicolaou-Hood Z Koullas H.Em N Lioulias
## **Independent Examiner**
P Auguste FCA Auguste And Auguste 1 Dukes Passage,Brighton BN1 1BS
Approved by order of the board of trustees on 31st July 2023 behalf by: Andreas Sparsis
and signed on its
A Sparsis - Trustee
4
Independent Examiner's Report to the Trustees of The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## **Independent examiner's report to the trustees of The Greek Orthodox Community Of The Holy Trinity Brighton & Hove**
I report to the charity trustees on my examination of the accounts of The Greek Orthodox Community Of The Holy Trinity Br ghton & Hove (the Trust) for the year ended 30 September 2022.
## **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
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.
P.Auguste FCA Auguste And Auguste 1 Dukes Passage Brighton East Sussex BN1 1BS
Date: 31st July 2023
5
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## Statement of Financial Activities
## for the Year Ended 30 September 2022
|**INCOME AND ENDOWMENTS FROM**
Notes
Donations and legacies
2
**Charitable activities**
Charitable
5
Other trading activities
3
Investment income
4
Other income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Charitable
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|30.9.22
30.9.21
Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
56,013
56,013
40,448
49,212
49,212
30,150
3,393
3,393
820
51,630
51,630
55,381
-
-
4,179
160,248
160,248
130,978
(3,252)
(3,252)
(664)
(156,024)
(156,024)
(154,635)
(159,277)
-
(159,277)
(155,299)
971
-
971
24,321
-
641,610
641,610
665,931
642,581
642,581
641,610|
|---|---|
The notes form part of these financial statements
6
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## Balance Sheet
## 30 September 2022
|**FIXED ASSETS**
Notes
Tangible assets
10
**CURRENT ASSETS**
Debtors
11
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one
13
year
**NET ASSETS**
**FUNDS**
Unrestricted funds
**TOTAL FUNDS**|30.9.22
30.9.21
Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
1,009,581
1,009,581
1,032,269
17,341
17,341
30,496
84,174
84,174
70,077
101,514
-
101,514
100,573
(59,859)
(59,859)
(40,550)
41,656
-
41,656
60,023
1,051,237
-
1,051,237
1,092,292
(408,655)
(408,655)
(450,682)
642,581
-
642,581
641,610
642,581
642,581
641,610
642,581
642,581
641,610|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 July 2023 and were signed on its behalf by: Andreas Sparsis
The notes form part of these financial statements
7
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## Notes to the Financial Statements
for the Year Ended 30 September 2022
## **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.
Church offerings and gifts are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.
Income from trading activities relates to income earned from activities undertaken to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.
Investment income is earned from interest received on bank deposits. Interest is included when 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.
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office and governance costs. They are incurred directly in support of expenditure on the objects of the charity.
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees.
continued.
8
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## Notes to the Financial Statements
for the Year Ended 30 September 2022
## **1. ACCOUNTING POLICIES - continued**
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 10% on reducing balance
## **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.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2.**
## **3.**
## **DONATIONS AND LEGACIES**
|Donations
Gift aid
**OTHER TRADING ACTIVITIES**
Fundraising events|30.9.22
30.9.21
£
£
51,612
30,285
4,401
10,163
56,013
40,448
30.9.22
30.9.21
£
£
3,393
820|
|---|---|
continued.
8
9
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
**8.**
## Notes to the Financial Statements
for the Year Ended 30 September 2022
|**4.**
**INVESTMENT INCOME**
Rents received
Deposit account interest
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
School fees
**6.**
**SUPPORT COSTS**
Finance
£
Charitable
537|30.9.22
30.9.21
£
£
51,630
55,380
-
1
51,630
55,381
30.9.22
30.9.21
£
£
49,212
30,150
Costs
Totals
£
£
2,230
2,767
Governance|
|---|---|
## **7.**
## **TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.
## **STAFF COSTS**
|Wages and salaries|30.9.22
30.9.21
£
£
15,528
12,376|
|---|---|
|Social security costs|220
220|
|Other pension costs|100
125|
||15,848
12,721|
|The average monthly number of employees|during the year was as follows:|
|Employees|30.9.22
30.9.21
1
1|
No employees received emoluments in excess of £60,000.
continued.
10
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## Notes to the Financial Statements
## for the Year Ended 30 September 2022
|or the|Year Ended 30 September 2022|Year Ended 30 September 2022|Year Ended 30 September 2022|||
|---|---|---|---|---|---|
|**9.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|||||
||||Unrestricted|Restricted|Total|
||||fund|fund|fund|
|||£||£|£|
||**INCOME AND ENDOWMENTS FROM**|||||
||Donations and legacies||40,448||40,448|
||**Charitable activities**|||||
||Charitable||30,150||30,150|
||Other trading activities||820||820|
||Investment income||55,381||55,381|
||Other income||4,179||4,179|
||**Total**||130,978|-|130,978|
||**EXPENDITURE ON**|||||
||Raising funds||664||664|
||**Charitable activities**|||||
||Charitable||154,635||154,635|
||**Total**||155,299|-|155,299|
||**NET INCOME/(EXPENDITURE)**|-|24,321|-|24,321
-|
||**RECONCILIATION OF FUNDS**|||||
||**Total funds brought forward**||665,931||665,931|
||**TOTAL FUNDS CARRIED**|||||
||**FORWARD**||641,610|-|641,610|
|||||||
continued.
11
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## Notes to the Financial Statements
## for the Year Ended 30 September 2022
|**10.**
**TANGIBLE FIXED ASSETS**
Freehold
property
**COST**
£
At 1 October 2021
1,034,075
Additions
At 30 September 2022
1,034,075
**DEPRECIATION**
At 1 October 2021
38,114
Charge for year
19,057
At 30 September 2022
57,171
**NET BOOK VALUE**
At 30 September 2022
976,904
At 30 September 2021
995,961
**11.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Prepayments and accrued income
**12.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 14)
Trade creditors
Other creditors|Plant and
machinery
Totals
£
£
133,756
1,167,831
133,756
1,167,831
97,448
135,562
3,631
22,688
101,079
158,250
32,677
1,009,581
36,308
1,032,269
30.9.22
30.9.21
£
£
999
847
14,133
96
2,210
29,553
17,341
30,496
30.9.22
30.9.21
£
£
41,281
21,503
1,837
1,490
16,741
17,557
59,859
40,550|
|---|---|
continued.
12
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## Notes to the Financial Statements
## for the Year Ended 30 September 2022
|**13.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**||
|---|---|---|---|
|||30.9.22|30.9.21|
|||£|£|
||Bank loans (see note 14)|408,655|450,682|
|**14.**|**LOANS**|||
||An analysis of the maturity of loans is given below:|||
||Amounts falling due within one year on demand:|30.9.22
£|30.9.21
£|
||Bank loans|41,281|21,503|
||Amounts falling between one and two years:|||
||Bank loans - 1-2 years|41,281|20,832|
||Amounts falling due between two and five years:|||
||Bank loans - 2-5 years|123,842|61,825|
||Amounts falling due in more than five years:|||
||Repayable by instalments:|||
||Bank loans - more than 5 years|243,533|268,025|
|**15.**|**LEASING AGREEMENTS**|||
||Minimum lease payments under non-cancellable operating leases fall due as follows:|||
||Within one year|30.9.22
£
-|30.9.21
£
480|
||Between one and five years|-|-|
|||-|480|
continued.
13
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## Notes to the Financial Statements
for the Year Ended 30 September 2022
## **16. SECURED DEBTS**
The following secured debts are included within creditors:
||30.9.22|30.9.21|
|---|---|---|
||£|£|
|Bank loans|449,936|472,185|
The bank loans are secured against assets of the charity. The charity has the following loans:
(a) A 20 year fixed rate loan ending in June 2039 of £100,000 with interest charged at 3.15% above base rate;
(b) A 20 year loan with a 10 year fixed rate ending in June 2029 of £203,000 with interest charged at 4.70%;
(c) A 15 year fixed rate loan ending in June 2034 of £203,000 with interest charged at 4.69%.
## **17.**
## **RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 September 2022.
continued.
14
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## Detailed Statement of Financial Activities
## for the Year Ended 30 September 2022
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
**Other trading activities**
Fundraising events
**Investment income**
Rents received
Deposit account interest
**Charitable activites**
School fees
**Other income**
Furlough grant
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Fundraising expenses
**Charitable activities**
Wages
Social security
Pensions
Teacher wages
Rates and water
Insurance
Light and heat
Telephone
Postage and stationary
Advertising
Sundries
Contributions to the Archdoice
Carried forward|30.9.22
30.9.21
£
£
51,612
30,285
4,401
10,163
56,013
40,448
3,393
820
51,630
55,380
-
1
51,630
55,381
49,212
30,150
-
4,179
160,248
130,978
3,252
664
15,528
12,376
220
220
100
125
31,505
20,411
1,836
382
4,384
4,531
20,173
9,188
1,514
1,699
644
1,550
-
825
93
5,917
4,000
2,170
79,996
59,394|
|---|---|
This page does not form part the statutory financial statements
15
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
## Detailed Statement of Financial Activities
## for the Year Ended 30 September 2022
|**Charitable activities**
Brought forward
Vicarage expenses
Donations
Equipment leasing
Computer running costs
Subscriptions
Repairs and maintenance
School activities
Bookkeeping fees
Cleaning fees
Church supplies
Loan interest
Freehold property depreciation
Plant and machinery
**SUPPORT COSTS**
**Finance costs**
Bank charges
**Governance costs**
Accountancy and legal fees
Independent examiners fees
Total resources expended
**Net expenditure**|30.9.22
30.9.21
£
£
79,996
59,394
778
2,437
1,261
-
480
-
1,018
-
140
-
19,666
36,950
302
522
3,752
5,268
2,959
2,639
811
920
19,406
20,295
19,057
19,057
3,631
4,034
153,257
151,516
537
147
330
1,172
1,900
1,800
2,230
2,972
159,277
155,299
971
24,321
-|
|---|---|
This page does not form part the statutory financial statements
16