REGISTERED CHARITY NUMBER: 1169979 REPORT OF THb TRUSTEKS AND FINANCIAL STATEMENTS R THE YEAR ENDED 31 DECEMBER2023 GREEK CATHEDRAL CEMETERY FNCU)SURES G. GeorgeAssociates Limited Chartered Certified Accountants 12 Gateway Mews Ring Way ldOn N112ur
GREEK CATHEDRAL CEMETERY EI%C NTENIS OF THE FLWANCtAL STATEMEiYrs Report of the Truste 2 to 3 Indepwdent Eurnlw'$ Rep)rt ststemtnt of FiDanclAI A¢1[¢$ Baknllet Sheet N4rte8 to the Fknlnci St*ttm¢nts 7 to 10 Detalled Statement of FIn)d Aetivities
GREEKCATHEDRAL CEMETERYENC TRUST FLTrI) 'CE AND AD STRATIVE DET ED TrUSTEES N Skinitis P J Voudris MCLOS V 7arifis AJWBurton PRThCIPALADDRESS 12 Gateway Mews IUng Way N112 REGISTERED CllARrrY 1169979 INDEPENDLNT EXAMINER G. G¢ Associates iamited Chartered Certified Accountants 12 Gateway Mews 'ng Way London Nll 2ur Page I
Y ENCLOs[s REPORT OF THE TRUSTELS FOR THE YEAR EI¥DED 31 December 21)23 The tNstees pr¢s¢nt their rerth with tb¢ fllwicial statements of the charity for the year ended 31 Deeanber 2023. The tnjslees have adoptcd th¢ provisions of Accounting and Reporting by Charities.. Statement of ReCDmmd Pjxtice opplicable to ehaTities prepanng their accounts in accordAnce with the Fin2ncial R¢wrting Stand aM)licllble in the UK Dnd Republic of hrland (FLS 102) {efftdive l January 20191. Objttttves The main objethive of the chaTity 15 the provision of buria] grounds for th¢ purpose of the interni1 ofmernbers of thc Greek & Greek Cypriot Cbyis¢ian Ortho&)x community in Greater London area. SlgDlfitnt attivities The irust continucs to mainlaincernday eI¢l$Ur¢S and contillue selithg pl( of ]¥nd for buTiaJ. Public benefft The twstees have given due regard to guidance 1&sU by the ChaTity Cot))miuion in thiding what adiviti¢s the charity should Ulertake. The tnjsttts have wmplied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidwc¢ publishLxI by the Charity Cor[$$10n. Details of how the eharity's ac¢iYiti¢s are for the public benefit are ddailcd in this rqK)rt al the tmslees have given due c4>nsideration to the Charity Cornmi&sion guidance on public btfiL FThANc REvw Ruerve$ poll¢y It is the sM)licy of the charrity that unrestiicted funds which have not been dcsignated for a $ifiC use should be rnaintsined to fllnd the costs of purch&sin8 additiotwl t¢S io etre the ability of the charity to continue in thc long te 2nd to seawe such sites Wlth a reducd reliance on obtaining extcrnal fuTrling 8nd to cover maintetJatJce and supi expenditure ill th¢ ev¢nt of a SiSDificant drop in sale of burial plots. The tste con&der ihat maintenance aT expendityr¢ reserves at a Irvel equivale to twelve month's a]ntenance and ppon expenditure, will cn5Ule th in the ¢vent of a significant drop sale of butia] plot& they will be able to continue the dwity'5 current activitics whil¢ consideration 15 given to ways in which additional fid$ may t¢ tais•l. The charity eontinu&l to mainlain healthy r&8eThres through(Mtt theyear. At the End of the year the charity tuerves were &s foll(Truu8'. G¢neraJ wur5trirted fu1. £2,6).94312O22- 4164,951). During th¢ yew the charity sold 57 burial plots (2022- 42) for atsrtal of £504,1)00 {2022- £357,000). N¢t itKoming resource5 were £525.992 {2022- £238545). STRUCTURE. COTrTRNAPCE YD MANAGEMENT CoverDlng do¢ument The Irust is governed by a trust ded dated 31 Decetnber 1860 pUtal to Charity Commi&sion Ordu dated 18 Dlber 2(2 and Ls by dced dated 26 June 2(K>3. B¢fore l NoveM1r 2016. ihe was a linke&tharity to The Grttk Cathctha FuDd, a prirKipt charity Tewtered with the ChaTtty Commission underrwsttation Dumber 265710. On l Nove1nr 2016 ihe trust w&8 r®ist¢rol with the Charity Commissi¢)n under rwstration numkr 1169979 and the w&5 delinked from Th¢Grttk Chedral Tn Fun Re(ruttment lld *PPOiDtthent of trustees The bust dttd provides for a maximum of seven tn]stccs and new tse¢s will bc apFM)inted to fill a va¢any or vacancies arisin8 from any c4use whatsoever. The method of recruiting ar ap]nting iwsltts is by [J911ty thision of the ttitstees currently office.
GREEK CATHEDRAL CEMETERY ENCLOSURES TRUST FUND REPORT OF THE TRUSTEES FOR ThE YEAR EThry)ED 31 De¢ember 2023 Or¥anisationHi structu The tn15tccs are rwnsible foT the mana8cmcnt and day to day cyeTation of thc ctmLW ellclogJrs8 aml also to Amin]erth¢tnL fvnd D¢¢isions Bre tsken with a tnajority vot¢ 8mong5t the tn Indu¢tioo And trailliDBof trustees Following appointmtt)L new tntsttts are it)trthced to their role alld Eiven c(>pies of the trust d¢vJ. Th¢ tn]stffs ar¢ guidcd in the ptrfomartce of their work by charity regulations and by refcrenct to the prof¢wional fitThs referred to on Key manwmeDtTemun¢r8tion The are rwrtsj as key llLaDagcllLellt of the charity. The trllst do wt TK¢iV¢ w r¢mwieration OT bm¢fits in kind. Rlsk ement The tru5tee5 hav¢ a duty to identt.fy Tewew the risks whith the tru# is eX)Sed and to etLsure appn)priatc controls sre in placg toprovide reasonable alte again fraud and ¢rror. The have &sses8ed the major risks to which the tru# is extM)se4 and satisfied that systen e iu pla¢¢ to miliwe exposure to these risks. Approved b ord¢r rthe b)ard tsf tntstees on 21 (thbcr2024 and sI¢d on its bchalfby". N Skinitis- Tjustee P4g¢ 3
[Tr1DEPENDE EXLMINER'S REPORT TO THE TRUSTEES OF G'REEK CATHEDRAL CEMETERY ENClnSURFS TRUST FUliD IndepeDdeDt exaJDlnw'3 r¢port to the tru$tets of Gred( CathedrAI Cernrtery EnclNures Trnyt Fwid I rqM)rt to the dwity Inets OJJ my exarninion of the accounts of Greek Cathalral Cerndery EnclosuT Fund {th¢ Trust) forthe ycarended 31 De£ember 2023. RwoDslbllititt and ofreport As the ¢haTity tnusts of the Trust you ar¢ respot)sible for the pryation of tk COunts in xcordall wilh the twuirana)ts of the CbaTitiesAcl 2011 Cthe Act,). I report in rwe¢t ofrny examination of the Tru,$ aecoults earried out under Section 145 of the Act End in Carryi out rny examination I have follow&J all applicablc DiwliotLS given by the Chority Commission under S¢¢tion 1451SXb) of the A¢X. Indq)endent exathth'1 ststetllent Sitice your charity's gros5 income exceeded £250.000 your examiner must be a member of a listed iK)dy. I w)finn that l am qualifi&l to undertake the ex2rnination I am a memlKr of th¢ A880cialion of Chartered Certifi&J Ac£ountant& which is OTK of the li&ed tKxlies. I have eomplded my examination. I ¢onfirn) thBt no material matters havc eom¢ to my attention in conncc¢ion with the examination giviug me Set0 believe that in any mat¢ria] res. acc(Amting rccoTds w¢rlI kept in respect of the ThLSt &$ rquiT¢d by Se£tion 130 of the Act" or the aeeounts do not ¥ci)rd with thosc record4 or the accounts th not comply with the applicable M4uircmcnts ei)wernirtr& th¢ fonn and content of aceout)ts set out in the Chariti&8 (A¢¢ounts and Rwrts) Reglliations 2008 other any Nuire]ncnt that thc xcounts give a tn and fairview which 15 not a matter con&der•l as pat of an indyndrnt ¢x4minatioJL I have no concerns and have come xross no utkr matters in conne¢tion with t exaujination to which ¢mtion sh(H0 be drnwrt in this report in orderto enable a properundrrsiandillg of the accounts to rea¢h¢d Phi]ip Oni&siphorow FCCA FCA G. Georye A&%ociates Limitcd Chartered Qrtified A¢wuntants 12 Gatewdy Mews Ring Way London N112ur 21 Odober 2024 Page4
GREEK CATHEDRAL CEMETERY EI%CLOSURES srATEMENf OF FINANCIAL AC AR EIITJFD 31 Detembtr 2 31.12.23 31.12.22 nds Notes LYCOME FROM Sale of plots Invement income 504,(KiI 76.527 357,(YJO 17,749 TotAI 580,527 374,749 XPENDITURE ON Maintawict of tnclosllres and othtt support 54.535 136204 NET INCOME 525.YJ2 238,545 RECONCIIJATION OF FUNDS Totsl fU1$brought forward 2.164.951 l.926,4( TOTAL FUNDS CARRtED FORWARD 2.690,943 2.164951 The notes forni part of these finan¢Aal s¢alem¢Jts Page 5
GREEK CATHEDRAL CEMETERY Eh, TR SHEET 31.12.23 UnJrstricttsJ fd 31.12.22 Not&q CURRENT A&8E13 9.882 1729,838 11.119 1197,749 2.739.720 1208.868 CREDrroRS Amourts fa]ling due within one y¢ 148.777) (43917) 2.690943 1164.951 TOTAL AETs LESS CURREKf 2,690,943 2,164,951 NET A&SETS 2.690.943 2,l64.951 Unrestsicted funds 169M).943 2,164,951 TOTAL FUNDS 2,6gJ,943 2,164,951 Th¢ finaJLciai staiernents were approved by the Boa of Trustees and 2uthorisol for issue on 21 Octobcr 2024 and were signed on its beh f by.. N SKiniti$- TTUStce ifis- Trustee The n(*es forni Fofi ofthese financia] state4llents P&g¢ 6
GREEK CATHEDRAL CEli fETERY ENCLOSDTrES TRUST FUND OTFS TO THE FINNCIAL STATEMEF4TS FOR THE TrIAR ENDED 31 December 2023 ACC015NTING POLICIES BAsi$ of preparlDgthe fittgn¢lAI $ta¢emeDts The finala1 #atem¢nts of tlle rljarity, which 1$ a public bthefit entity und¢T FRS 102, have been pr in aceordance with the Charitie$ SORP (FRS 102) 'AccouDting aod Reporting by CbaTiti48: Stat¢ment of Rollend&J Practi applitable to Charities preparing their xcounts in arxordance with the Financial Reporting Stand8rd applicable in the UK and Republic of Irdgnd (FRS 1021 (cffective l January 2019y, Financial Reporting Standard 102 Tr Financi R¢w>rting Standard applieablc in th¢ UK athd Rewblic of Irelattd and the Charities Act 2011. Thc financial qatements have betn prepared under the hioricai Lt convention. The financia] statements have been prepared to give a Yrue and faif view and have dcparted from the Charities (Accowits and Rwrts) RegulatiotLS 2(K18 on]y to the extent wuired to provide & Irue and fair vaiud. This depart has Involv following Aecountittg and Rep)rting by Charities prepillg their accounts in xcordanec with the Finpncial ReportiJ)g Statmlard opplicable in the UK and Rq)ubJic of J]rland (FRS 102) rather than th¢ Accounting and Reporting by Chariti¢s'. Siaternent of Rtton)meJthJ Practice ¢ffwtive from l April 25 whieh has s1C bcen withdraw All itttome is r0]Sed in the Statem•)t of Financial Activities once the charity ba5 ¢ntitl¢m¢m to the ndS it is probable that the ittcome will be tt¢eived and the amount can be ]llea5ured reliably. Eypendlture Liabilitio4 are re1] as exndit as soon as there is a le88] or constiuctive obligation comrnilting the chan'ty to that exwlditure, it is Pr{ab]e ihai a transfer of e¢onomic benefits will k requir•Y in settl¢ment and the amoum of the obligation can be measurul reliably. Expendittllr is &cou]tt¢d for on an ac¢rua]s b&%75 and h&8 been ¢11fiCI1 under headings thai a88re8ate all ¢ost Jrlated to the ¢ategory. Where ¢osts cannot b¢ directly attributed to particular headings th¢y have iytn a]located to activities on a basis consi&¢rAt with the use of T8x•tlo The chaity is exeDWt from on its chaTitabk a¢tivities. Fund ateounting Unrestrictedfllnits ¢an be used in acc¢)Tdance with the charitablc obiectsves atthc di5cretiOD ofth¢ tru#¢ Restricted fi]nds only be used for particular restricted purp)s¢s within the objects of the charity. Rc4rictions arise when specifiujby thedonor or when futkls are rald for parlicular rastricted pu]pow. Further explanation of the natUTe and purwof¢a¢h thnd is irtcluded in th¢ noksto ihe finat)cial slatemffjts. Htreputth#e lea8lDg ewmlthients Rents]s paid Undcr Optillg le&w 8r¢ ¢haJEed to the Statement of Financia] Activitits on a 5trdighi lille basis over th¢ period of the leas¢. Heritgt The cemdery enclosurcs ar¢ not capits]i%d OD the balartt shea sinc4 in the opinion of the Truste4 they 4r¢ inalienable or historic assets aTLd tIKre are matcriat restrictio on their realisation. Due to their Jjature, th¢ wst or rdiable valuation of such Se is no¢ available and thc TnLSte¢s are of the opinion that to obtain su¢h a valuation is t commenwrate with the benefit to uws of these finaTKial ststcmcnt8. Expendituir incuTrgJ atler their wuisition has been writ off in th¢ y[ of pendiVe kn the ¢xta)t it r¢lates to the maintenance and upkeq) of the ag%et& Page 7 ntinued..
ENCtA)s TRUST FD14D OTES T STA SAtE OF PLOTS 31.1223 31.1222 Sale ofplot$at Hendon 2DdNew Souihgatr fflclosLW 504,0fy) 357,iXK) 31.12.23 31.12.22 DqM)&t accouttt inter¢st 76.527 17.749 TRUSTEES, REMLThTRATION AND BENEF113 There were no tNste&g rernuneration or otlw benefits for the year ended 31 Decernbff 2023 nor for th¢ y ended 31 Dttember 2022. Trn51ees' e4>eD were no tNsttt¢ ex8¢5 paid for year ended 31 DttquiKr 2023 nor for the year eThd 31 Decemi*r2022. COMPARATIVES FOR THE STATEMENf OF FINANCIALACTIVITIES UnrestriL% JThCOME FROM Sale of plots Inve&ttnent income 357,(M)O 17,749 Tot 374.749 EXPENDITURE ON Maintenanee of cnclosuK8 and other WPPOrt 136204 NET INCOIME 23&545 RECONCILIATIOIY OF FUI4DS Tots] funds brought foTward 1926,406 2,164,951 continued...
GREEKCATBEDRAL CEMETERY ENCLOSURES TRUST FUND ThE FINAli FOR T AR Ef7JED MS. DEBTORS: AMOIJNTS FALLThG DiTE wrrHJN ONE ITAR 31.1223 31.1222 Prq)aym¢nts and aed ineorfje 9,882 CREDTfoRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.1222 Other craito 48.777 43.917 Nct movunent in funds At 31.12.23 At 1.123 Generni 1164.951 525,992 Z&AI.943 TOTAL FUI¥DS 2,164,951 525.992 2.690,943 movement in fund% included in theabove arc a5 follows.. Incoming ReS0¢S Movctnent ill funds Gffleral fimd 580.527 {54,535) 525.992 TOTAL FUNDS 580.527 (54,S35) 525992 Compartive5 fOrMovellt In funds Nct rnovcmcnt in ftu]ds At 31.12.22 Ai 1.122 UnreStted Getml fimd 1,92A4 238,545 1164,951 TOTAL FUNDS 1.926,406 238,545 2.164,951 Pa9 Continu..
GREEK CATHEDIL4L CEMETERY ENCLOS TRUST FLryD NOTES TO THE FIN OR THE YEAR CL4L STATEMENIS- continued DED 31 Decem1 21123 MOVEMLvf IN FUNDS. continued Comparative nct movement in irtluded in the aknveare as follows: Resource5 Movement expended in funds ragTrurces nrestricttd funds Ger&I fiLTkl 374,749 (136204) 238J45 TOTAL Fi)NDS 374,749 (136,204) 238,545 A cumt year 12 months and prior yw 12 montks combined positiott is frtllows.. Net movement in fuE At 31.12.23 At 1.1.22 UllrestrKted fuDd8 GeneTr] fimd 1926,4( 764,537 2,690.943 1,926,406 764,537 1690.943 A Current year 12 months and prior year 12 m¢)ntbs combined net mov¢ment in fimd& IJKludal ift the aEA)ve are as follo". I)mIng ResouTCCS Mov¢m¢nt in Uttre5tricted funds GaKral fund 955276 {190,739) 764537 955,276 (190,739) 764,537 RELATED PARTYDISCLOSURLS Iwluded in wftware and data costs L5 £950 {222 - £7501 paid to Zarifis Consulting Limiie4 a eornpany )ntroll&J by Mr Vpssilios Zarifi& who is atrusteeof thecbarity. luded in pinring, • and ststiotxry is £585 (2022 - £nil) paid to Mr Nikol5 Skinitis who is a tswiee Of the charity. Thepayrncnt w&$ made forreimbursern¢nt of eXpells incurred on b¢haif ofihe charity. Pagelo
CATHEDRAL CEMETERY EN TAILED STATLMLNT OF FtYANCIAL ACTITrryTIES 51.1223 31.1122 COM S•le of Sa]e of plots at Hendon and New Southgate ¢ndo$ur 504,LMJO 357,(KKI Investment IDtome Deposit account intcrcst 76.527 17.749 Total SDeomin8 rewurees 580,527 374.749 MainteDaDc¢ of e¢r¢S and other 511PPDrt lSts Maintenance of Haldon and New Southgate closures Printin8. P)st8gc and st8tionery 245LMJ 585 1.933 1,697 12,420 750 75 33,682 5,040 Don&ions Softwor¢ and data 1.142 tLgal and professional fees AcwunlwKy lees 17275 54535 136204 Total resourccs expended 54,535 136204 NetiDcome 525,992 238,545 This page does not fornj part of the statutory fllMncia] staternts Pagell