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← Greek Orthodox Church Of St Basil & St Paisios In Lincoln

2024-12-31-accounts

GREEK ORTHODOX CHURCH OF ST BASIL & ST PAISIOS Greek Orthodox Archdiocese of Thyateira & G. Britain

Trustees’ Annual Report

Reporting Period: Year to 31[st] December 2024

Charity registration number: 1174704

Achievements and Performance

Wo rship and Liturgical Life

We continued to celebrate Vespers, Matins and Divine Liturgy on Sundays and on all Feast days. Services are attended by Orthodox people of several nationalities, including Greek, Greek Cypriots, English, Russian, Serbian, Bulgarian, Romanian, Albanian, Latvian and Indonesian. The attendance of the services continued to increase.

The Apostolic readings, the Gospel readings, the sermons and some prayers were in both Greek and English. Books that contain the Divine Liturgy in Greek and English were provided. Vespers, Small Petition and The Salutations to the Most Holy Theotokos were read every Tuesday, Wednesday and Thursday evening. The Church is open between 3pm and 7pm. Presanctitied Liturgies and Salutations to the Most Holy Theotokos are also celebrated during Holy Lent in preparation for Holy Easter.

We continued to make all efforts to ensure the liturgical life remains faithful to the Typicon of the Greek Orthodox Church.

There were 12 baptisms, 1 Wedding and 2 Funerals during the period to December 2023. We also celebrated 4 Holy Unctions at parishioner homes.

Education

We continued to operate a Saturday Greek School with 12 students in the age group 6 to 16 years old between the hours of 11:00 to 13:00. The lessons were held in the Church Hall and were provided by two qualified teachers. The Saturday Greek School provided Greek Language resources, including Greek Language text books and educational material, which were obtained though the Archdiocese of Thyateira and G. Britain or though purchased resources on the internet.

Philanthropic Work

Continued to provide ongoing moral and material support to Greeks, Greek Cypriots, English, Romanians, Bulgarians, Albanians and all without exemption, Orthodox and non-Orthodox, in accordance to our Lord’s Gospel and through a large variety of issues and problems. Homeless people and anybody in need were allowed to use the church premises to take temporary refuge particularly during the

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GREEK ORTHODOX CHURCH OF ST BASIL & ST PAISIOS Greek Orthodox Archdiocese of Thyateira & G. Britain

winter, use the facilities and, if needed, provide them with small financial help, food and drink.

Church building

We continued to assess, plan and manage repairs to the internal and external fabric of the building, including:

Fund Raising Events

The two significant fund raising events were at Easter in April and St Paisios day in July which were both very well attended and very successful.

We must acknowledge with gratitude and humility the over-generous support from our parishioners throughout the year.

Investments

The charity does not have any investments.

Financial Review

The charity’s primary sources of fund raising for this period were:

  1. Sunday collection after the Divine Liturgy.

  2. One-off donations from individuals.

Financial Review

Total receipts during the reporting period were £53,439. Receipts are made up primarily by Sunday collection (67%) and individual donations (20%). The remaining income is made mostly of the Gift Aid tax repayment and Events.

The total expenditure was £33,439 mostly related to utilities and insurance (21%) and major repairs to the north roof and wall (72%).

The church continues to require significant expenditure for:

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GREEK ORTHODOX CHURCH OF ST BASIL & ST PAISIOS Greek Orthodox Archdiocese of Thyateira & G. Britain

Reserves Policy

The Trustees have decided that a reserve of £6,000 is maintained in the charity bank account at all times against unplanned urgent expenditure.

It is our policy that all monies of the Charity are managed through the charity bank account at Barclays Bank to ensure control and transparency. All expenditure is paid through Internet payments which are authorised by two authorised Trustees and are shown in the monthly church bank statements.

Volunteers

All work of the charity is undertaken by volunteers. We would like to express our gratitude to all the volunteers who work hard to make the church the welcoming and vibrant community it is. We would like to express our gratitude to the Chairman, Mr Evdokios Ioannou and his family, and the members of the Church Committee for their unwavering contribution to the Church and Community. We are also grateful to the ladies of the Philoptochos Committee, chaired by Mrs Maria Mavromati, who prepare and deliver most of the fund raising events as well as the coffee/tea and snacks every Sunday after the Divine Liturgy.

Structure, Governance and Management

The charity is governed by the Constitution which is provided by the Archdiocese of Thyateira & Great Britain and approved the Ecumenical Patriarchate of Constantinople & New Rome. This Constitution governs all the Greek Orthodox Communities across the UK.

The Charity is governed by the Trustees. The Trustees are selected from the members of the community by the community according to its Constitution. The Trustees have overall responsibility for the Charity, and in particular to ensure the assets of the Charity are managed in line with the Constitution of the Charity and the relevant laws and regulations. The annual accounts of the Charity are prepared and approved by independent qualified accountants.

The Church Committee is responsible to the Trustees for making decisions on operational matters relating to the day-to-day operation of the Charity, including any

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GREEK ORTHODOX CHURCH OF ST BASIL & ST PAISIOS Greek Orthodox Archdiocese of Thyateira & G. Britain

spending of funds of the Charity. Because of the government lockdown the Committee met three times during the year and the meetings were minuted.

Reference and administrative details

The Greek Orthodox Church of Saint Basil and Saint Paisios operates from its own premises. The correspondence address is: The Greek Orthodox Church of St. Basil & St. Paisios, High Street, Lincoln LN5 8JB.

The Charity is registered with the Charity Commission, Charity Number 1174704.

Following a period of moaning for our chairman Mr Ioannis Ioannou his son Mr Evdokios Ioannou was approved by the Committee as the new Chairman. The Charity Commission system has been updated accordingly.

The Charity Trustees are:

The Church Committee is comprised by:

Approved by the trustees and signed on behalf of the Trustees by the Fr Panagiotis Sakellariou.

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GREEK ORTHODOX CHURCH OF ST BASIL & ST PAISIOS Greek Orthodox Archdiocese of Thyateira & G. Britain

Greek Orthodox Church of Sts. Basil the Greath and Paisios
Receipts andpayments account
for theyear ended
31st December 2024
Charity no: 1174704
The receipts and payments accounts and statement of assets set out on pages 3 to 5 relating to
theyear ended 31st December 2024 are as approved bythe trustees.
Signed: Fr. Panagiotis Sakellariou
Address: High Street,Lincoln LN5 7SR
Date:

The receipts and payments accounts and statement of assets set out on pages 3 to 5 relating to the year ended 31st December 2024 are as approved by the trustees.

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GREEK ORTHODOX CHURCH OF ST BASIL & ST PAISIOS Greek Orthodox Archdiocese of Thyateira & G. Britain

Independent Examiner's Report ~~Sy~~ The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 ~~|~~ (the 2011 Act) and that an independent examination is needed. It is my responsibility to: [] examine the accounts under section 145 of the 2011 Act, [] to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act, and [] to state whether particular matters have come to my attention. Basis of independent examiner's statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement ~~——$po~~ below. ~~-~~ Independent examiner's statement ~~LS~~

~~LS~~ ~~LS~~ Independent examiner's statementpendent examiner's statementendent examiner's statement
~~LS~~		 Independent examiner's statementpendent examiner's statementendent examiner's statement
~~LS~~		 Independent examiner's statementpendent examiner's statementendent examiner's statement
~~LS~~
~~LS~~
~~		 ~~ In connection with my examination, no matter has come to my attention
~~LS~~
~~Se~~		 ~~Se~~ ~~Se~~ ~~Se~~
(1)whichgives me reasonable cause to believe that in,anymaterial respect,the re the requirements:
(a) to keep accounting records in (a) to keep accounting records in
accordance with section 130 of the
2011 Act;and
(b) to prepare accounts which (b) to prepare accounts which
accord with the accounting accord with the accounting
records and comply with the records and comply with the
accounting requirements of the
2011 Act have not been met 2011 Act have not been met;or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding
of the accounts to be reached.
Disclosure(leave blank if not applicable)
~~a~~

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GREEK ORTHODOX CHURCH OF ST BASIL & ST PAISIOS Greek Orthodox Archdiocese of Thyateira & G. Britain

O

Independent Examiner's Report

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:

[] examine the accounts under section 145 of the 2011 Act,

[] to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act, and [] to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

(1) which gives me reasonable cause to believe that in, any material respect, the requirements:

(a) to keep accounting records in accordance with section 130 of the 2011 Act; and

(b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Disclosure (leave blank if not applicable)

Signed:

T Kemp (Tara Kemp FCCA)

Address: Unit 6, Blackthorn Way, Five Mile Business Park, Lincoln LN4 1BF Date: 25th March 2025

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GREEK ORTHODOX CHURCH OF ST BASIL & ST PAISIOS Greek Orthodox Archdiocese of Thyateira & G. Britain

(Charity no:
Greek Orthodox Church Sts. Basil the Great and Paisios 1174704)
Receipts and Payments account for the year ended 31st December 2024
Notes 2024 2023
£ £
Income
Gift Aid tax repayments 5,929 7,385
Collections 35,525 31,055
Donations 10,640 7,255
Events and other sundry income 1,345 2,090
Total 53,439 47,785
Expenditure
Rent -
Insurance 3,466 1,736
General church expenditure 1,961 4,494
Utilities 3,797 3,109
Major repairs 24,383 17,184
Chanting costs 343 851
Payments to priest
Legal and professional costs -
Total 33,949 27,374
Surplus (Deficit) for the year 19,490 20,411

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GREEK ORTHODOX CHURCH OF ST BASIL & ST PAISIOS Greek Orthodox Archdiocese of Thyateira & G. Britain

Greek Orthodox Church Sts. Basil the Great and (Charity no:
Paisios 1174704)
Detailed breakdown of Receipts and Payments account for 2024

Balance sheet

2024 2023
£ £
FIXED ASSETS
Fixtures and fittings 190,823 161,072
CURRENT ASSETS
Bank account no. 1 40,643 50,904
NET ASSETS 231,467 211,976
CAPITAL ACCOUNT
Net profit and reserves 231,467 211,976
231,467 211,976

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GREEK ORTHODOX CHURCH OF ST BASIL & ST PAISIOS Greek Orthodox Archdiocese of Thyateira & G. Britain

(Charity
no:
Greek Orthodox Church Sts. Basil the Great and Paisios 1174704)
Detailed breakdown of Receipts and Payments account for 2024 cont. Detailed breakdown of Receipts and Payments account for 2024 cont.
2024 2023
£ £
Tangible Fixed Assets Schedule
COST 161,072 128,710
Additions 29,751 32,362
At 31 December 2024 190,823 161,072
Net book value 31 December 2023 161,072 128,710

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