REGISTERED CHARITY NUMBER: 1168710
Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 September 2024 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 2024 | |
| 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 |
02/07/2025, 05:43:44 British Summer Time
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
Report of the Trustees
for the Year Ended 30 September 2024
The trustees present their report with the financial statements of the charity for the year ended 30 September 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 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.
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The Greek Orthodox Community Of The Holy Trinity Brighton Hove
Report of the Trustees for the Year Ended 30 September 2024
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 many 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.
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The Greek Orthodox Community Of The Holy Trinity Brighton Hove
Report of the Trustees
for the Year Ended 30 September 2024
FINANCIAL REVIEW
Financial position
For the year ended 30 September 2024, there was a surplus of £28,424 (2023: £16,149).
There was a balance of £687,154 (2023: £658,730) of unrestricted funds, and £nil (2023: £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. It is during these services that we are unable to communicate monies needed for repairs and bills for our church and buildings . The church has many costs that rely on the community to help with.
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 2024
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 and signed on its behalf by : 02/07/2025, 05:44:25 British Summer Time A Sparsis - Trustee |
02/07/2025, 05:44:25 British Summer Time
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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 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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: | 02/07/2025, 05:44:41 British Summer Time
5
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
Statement of Financial Activities
for the Year Ended 30 September 2024
| 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 |
30.9.24 30.9.23 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ 68,969 68,969 65,616 49,181 49,181 65,494 6,302 6,302 2,155 69,979 69,979 41,338 - - - |
|---|---|
| 194,431 194,431 174,602 (2,306) (2,306) (1,428) (163,702) (163,702) (157,025) |
|
| (166,008) - (166,008) (158,453) |
|
| 28,424 - 28,424 16,149 658,730 658,730 642,581 |
|
| 687,154 687,154 658,730 |
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The notes form part of these financial statements
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
Balance Sheet
30 September 2024
| Balance Sheet 30 September 2024 |
|||||
|---|---|---|---|---|---|
| 30.9.24 | 30.9.23 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| FIXED ASSETS | Notes | £ | £ | £ | £ |
| Tangible assets | 10 | 965,258 | 965,258 | 987,257 | |
| CURRENT ASSETS | |||||
| Debtors | 11 | 35,585 | 35,585 | 30,135 | |
| Cash at bank and in hand | 103,760 | 103,760 | 81,151 | ||
| 139,345 | - | 139,345 | 111,286 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 12 | (65,200) | (65,200) | (56,297) | |
| NET CURRENT ASSETS | 74,144 | - | 74,144 | 54,989 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 1,039,402 | - | 1,039,402 | 1,042,246 | |
| CREDITORS | |||||
| Amounts falling due after more than | 13 | (352,248) | (352,248) | (383,518) | |
| one year | |||||
| NET ASSETS | 687,154 | - | 687,154 | 658,728 | |
| FUNDS | |||||
| Unrestricted funds | 687,154 | 687,154 | 658,730 | ||
| TOTAL FUNDS | 687,154 | 687,154 | 658,730 |
The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by Andreas Sparsis 02/07/2025, 05:45:20 British Summer Time A
7
The notes form part of these financial statements
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
Notes to the Financial Statements
for the Year Ended 30 September 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.
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.
8
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
Notes to the Financial Statements
for the Year Ended 30 September 2024
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 Grants OTHER TRADING ACTIVITIES Fundraising events |
30.9.24 30.9.23 £ £ 65,703 61,667 2,510 3,949 756 - |
|---|---|
| 68,969 65,616 |
|
| 30.9.24 30.9.23 £ £ 6,302 2,155 |
9
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
8.
Notes to the Financial Statements
for the Year Ended 30 September 2024
| 4. INVESTMENT INCOME Rents received Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES School fees 6. SUPPORT COSTS Finance £ Charitable |
30.9.24 30.9.23 £ £ 69,961 41,330 18 8 |
|---|---|
| 69,979 41,338 |
|
| 30.9.24 30.9.23 £ £ |
|
| 48,759 65,494 |
|
| Costs Totals £ £ 1,900 1,900 Governance |
7.
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.
| STAFF COSTS | ||
|---|---|---|
| 30.9.24 | 30.9.23 | |
| £ | £ | |
| Wages and salaries | 16,098 | 15,498 |
| Social security costs | - | - |
| Other pension costs | 296 | 100 |
| 16,394 | 15,598 | |
| The average monthly number of employees | during the year was as follows: | |
| 30.9.24 | 30.9.23 | |
| Employees | 1 | 1 |
No employees received emoluments in excess of £60,000.
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The Greek Orthodox Community Of The Holy Trinity Brighton Hove
Notes to the Financial Statements
for the Year Ended 30 September 2024
| 9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | fund | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 68,208 | 68,208 | |||
| Charitable activities | |||||
| Charitable | 49,181 | 49,181 | |||
| Other trading activities | 6,302 | 6,302 | |||
| Investment income | 69,961 | 69,961 | |||
| Other income | 18 | 18 | |||
| Total | 193,670 | - | 193,670 | ||
| EXPENDITURE ON | |||||
| Raising funds | 2,306 | 2,306 | |||
| Charitable activities | |||||
| Charitable | 163,702 | 163,702 | |||
| Total | 166,008 | - | 166,008 | ||
| NET INCOME/(EXPENDITURE) | 27,662 | - | 27,662 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 658,730 | 658,730 | |||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 686,392 | - | 686,392 |
11
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
Notes to the Financial Statements
for the Year Ended 30 September 2024
| 10. TANGIBLE FIXED ASSETS COST At 1 October 2023 Additions At 30 September 2024 DEPRECIATION At 1 October 2023 Charge for year At 30 September 2024 NET BOOK VALUE At 30 September 2024 At 30 September 2023 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 |
Freehold property £ 1,034,075 |
Plant and machinery Totals £ £ 133,756 1,167,831 |
|---|---|---|
| 1,034,075 | 133,756 1,167,831 |
|
| 76,228 19,057 |
104,347 180,575 2,942 21,999 |
|
| 95,285 | 107,289 202,574 |
|
| 938,790 | 26,467 965,258 |
|
| 957,847 | 29,409 987,257 |
|
| 30.9.24 30.9.23 £ £ 6,765 1,678 26,214 26,203 2,605 2,253 |
||
| 35,585 30,135 |
||
| 30.9.24 30.9.23 £ £ 44,344 41,281 2,463 2,390 18,394 12,626 |
||
| 65,200 56,297 |
12
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
Notes to the Financial Statements
for the Year Ended 30 September 2024
| 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 30.9.24 £ Bank loans (see note 14) 352,248 14. LOANS An analysis of the maturity of loans is given below: 30.9.24 £ Amounts falling due within one year on demand: Bank loans 44,344 Amounts falling between one and two years: Bank loans - 1-2 years 44,344 Amounts falling due between two and five years: Bank loans - 2-5 years 133,032 Amounts falling due in more than five years: Repayable by instalments: Bank loans - more than 5 years 174,872 |
30.9.23 £ 383,518 |
|---|---|
| 30.9.23 £ 41,281 |
|
| 41,281 | |
| 123,842 | |
| 218,395 |
13
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
Notes to the Financial Statements
for the Year Ended 30 September 2024
15. SECURED DEBTS
The following secured debts are included within creditors:
| 30.9.24 | 30.9.23 | |
|---|---|---|
| £ | £ | |
| Bank loans | 396,592 | 424,799 |
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 2039 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%.
16.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2024.
14
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
Detailed Statement of Financial Activities
for the Year Ended 30 September 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants Other trading activities Fundraising events Investment income Rents received Deposit account interest Charitable activites School fees 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 Sundries Contributions to the Archdoice Carried forward |
30.9.24 30.9.23 £ £ 65,703 61,667 2,510 3,949 756 - |
|---|---|
| 68,969 65,616 6,302 2,155 69,961 41,330 18 8 |
|
| 69,979 41,338 49,181 65,494 |
|
| 194,431 174,602 2,306 1,428 16,098 15,498 - - 296 100 25,527 26,071 906 1,188 5,508 4,463 19,080 18,764 1,193 1,720 1,944 10 - 986 2,935 3,516 73,488 72,317 |
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This page does not form part the statutory financial statements
The Greek Orthodox Community Of The Holy Trinity Brighton Hove
Detailed Statement of Financial Activities
for the Year Ended 30 September 2024
| Detailed Statement of Financial Activities for the Year Ended 30 September 2024 |
||
|---|---|---|
| 30.9.24 | 30.9.23 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 73,488 | 72,317 |
| Vicarage expenses | 660 | 500 |
| Equipment leasing | 528 | 525 |
| Computer running costs | 564 | 866 |
| Subscriptions | 190 | 352 |
| Repairs and maintenance | 33,135 | 27,308 |
| School activities | 1,200 | - |
| Bookkeeping fees | 5,790 | 4,488 |
| Cleaning fees | 3,695 | 3,662 |
| Church supplies | 3,892 | 3,780 |
| Loan interest | 16,138 | 18,479 |
| PAYE interest | 8 | - |
| Freehold property depreciation | 19,056 | 19,057 |
| Plant and machinery | 2,942 | 3,268 |
| 161,286 | 154,601 |
| SUPPORT COSTS | ||
|---|---|---|
| Finance costs | ||
| Bank charges | 186 | 194 |
| Governance costs | ||
| Accountancy and legal fees | 330 | 330 |
| Independent examiners fees | 1,900 | 1,900 |
| 2,230 | 2,230 | |
| Total resources expended | 166,008 | 158,453 |
| Net expenditure | 28,423 | 16,149 |
02/07/2025, 05:46:05 British Summer Time
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This page does not form part the statutory financial statements