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2022-03-31-accounts

Charity name: StAndrew's StAndrew's Greek Orthodox Cathedral Trust
Charity registration number: 1175793
Principal address: Kentish Town Road, London NW1 9QA
Trustees
The trustees ofthe Cathedral are as follows:
Emmanuel
Stavrianakis
(Chairman ofthe trustees)
Revd Dr Kristian Akselberg (Acting secretary)
Kate Papathomas
Andreas
Nicolaos Papathomas
loannis Lemos
Maria Limnios
Antonis
loannou
Andreas
Costas Zertalis
Menelaos
Pipis
Varnavas
Symeou
Melina Zaharopoulou
Stelios Constantinou
Bankers:
HSBC UK Bank
196Oxford Street
London W1D 1NT
NatWest Bank
166Camden
High Street
London NW1 ONW
Independent
Examiner:
Harry Nicolaou
FCA
of Harry Nicolaou 8 Co Limited
Chartered
Accountants
21 Brendon Way
Enfield EN1 2LF

2022 2021
Funds Funds
Note (Unrestricted)f (Unrestn'cted)
INCOME from:
Donations,
collections and
legacies 58,741 64,487
Investments:
Lettings income 177,440 136,998
JRS Covid grant 23,983
Other income 4,075 500
Total income 240,256 225,968
EXPENDITURE on:
Raising funds:
Properties
insurance
cover and lettings expenses 27,909 31,925
Charitable
activities:
Donations
and
contributions
to Ecumenical
Patriarchate
and Greek Orthodox Archdiocese
8,080 6,070
Candles, charcoal and incense 4,692 1,034
Clergy and staff salary costs 83,413 93,173
Religious functions 2,013 3,580
Water rates, light and heat 12,379 13,473
Insurance
cover for the Church
12,110 11,359
Repairs, renewals
and maintenance
924 12,377
Telephone
and internet
2,229 2,703
Cleaning
and laundry
4,000
Other expenses 733
Depreciation 1,796 627
Governance
costs:
Independent
Examination,
accountancy and
taxation services 2,000 2,000
Total expenditure 158,278 182,321
Net income/(expenditure) before gains on 81,978 43,647
Net unrealised
gains on investments
Net income and net movement in funds 81,978 43,647
Reconciliation
offunds
Total funds at 1 April 2021 4,294,575 4,250,928
Total funds at 31 March 2022 carried forward 4,376,553 4,294,575

Balance Sheet Balance Sheet Balance Sheet
As at 31 March 2022
Note 2022 2021
Fixed assets
Tangible assets 3 237,312 230,688
Investments 4 4,197,355 4,197,355
4,434,667 4,428,043
Current assets
Stock 8,612 9,684
Debtors 4,135 2,712
Cash at bank and in hand 58,019 30,555
70,766 42,951
Creditors
falling due within
one year 6 (49,087) (51,626)
Net current assets/(liabilities) 21,679 (8,675)
Total assets less current liabilities 4,456,346 4,419,368
Creditors
falling due after
more than one year 7 (79,793) (124,793)
Net assets 4,376,553 4,294,575
Unrestricted funds
General funds 4,376,553 4,294,575
Total funds 4,376,553 4,294,575

Staff costs and numbers
2022 2021
E
Salaries and wages 62,000 69,512
Social security costs 55 1,264
Pension costs 21,358 22,397
Total staff costs 83,413 93,173

Tangible fixed assets
Freehold
church Fixtures,
building and fittings &
land equipment Total
F E
Cost
At 1 April 2021 227, 138 55,984 283,122
Additions 8,420 8,420
At 31 March 2022 227,138 64,404 291,542
Depreciation
At 1 April 2021 52,434 52,434
Charge for the year 1,796 1,796
At 31 March 2022 54,230 54,230
Net book value at 31 March 2022 227,138 10,174 237,312
Net book va/ue at 1 April 2021 227, 138 3,550 230,688

Fixed ass et in vestm ents
2022 2021
E
UK Investment properties - market value at 1 April 2021 4,197,355 4,191,099
Additions - builders' costs for conversion and renovation 6,256
Market value at 31 March 2022 4,197,355 4,197,355
5. Debtors
2022 2021
E
Prepayments 4,135 2,712
Other debtors
4,135 2,712
6. Creditors falling due within one year
2022 2021
Loans 45,000 48,000
Other creditors and accruals 4,087 3,626
49,087 51,626

7. Creditors falling due after more than one year
2022 2021
E
Loans 79,793 124,793