2022-03-31-accounts - The Orthodox Church Of St Cuthbert And St Bede, Durham

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Trustees’ Annual Report for the period

From: 01.04.2021 Period start date To: 31.03.2022 Period end date

Charity name: THE ORTHODOX CHURCH OF ST CUTHBERT AND ST BEDE, DURHAM

Charity registration number: 1181914

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The advancement of the Orthodox Christian Religion in general and through the establishment and furtherance of a parish in the City of Durham.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The main activities pertain to the advancement of the Orthodox Christian Religion in general and through the establishment and furtherance of a parish in the City of Durham, by way of regular liturgical worship and the refurbishment of the new Church building.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have had regard to the guidance issued by the Charity Commission on public benefit and therefore ensure that the charity’s objectives and activities meet those requirements.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	N/A
Policy on social investment including program related investment	Para 1.38	N/A
Contribution made by volunteers	Para 1.38	Donations are made voluntarily by members of our congregation and supporters of our projects and activities.

N/A Other

Achievements and Performance

SORP reference Providing support and spiritual guidance throughout the 2021-2022 year. Summary of the main Para 1.20 achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Achievements against objectives set	Para 1.41	N/A
Performance of fundraising activities against objectives set	Para 1.41	N/A
Investment performance against objectives	Para 1.41	N/A
Other		N/A

Financial Review

Review of the Para 1.21 charity’s financial position at the end of the period

Statement explaining the policy for holding reserves stating

Para N/A 1.22

why they are held
Amount of reserves held	Para 1.22	N/A
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	No uncertainties applicable.

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s only source of funds is through charitable donations. The charity’s principal sources of funds (including Para 1.47 any fundraising) None applicable Investment policy and objectives including any Para 1.46 social investment policy adopted None applicable A description of the principal Para 1.46 risks facing the charity N/A Other

Structure, Governance and Management

Description of charity’s trusts:		The advancement of the Orthodox Christian Religion in general and through the establishment and furtherance of a parish in the City of Durham
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Appointed charity trustees Apart from the first charity trustees, every appointed trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as appointed charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. (2) Ex Officio Trustees Any person appointed by a canonical bishop of the Orthodox Church to be the parish priest of the Church of St Cuthbert & St Bede shall automatically (“ex-officio”) be a charity trustee for so long as he or she holds that office.

Additional information (optional) You may choose to include further statements where relevant about:

N/A Policies and procedures adopted for the induction and Para 1.51 training of trustees N/A The charity’s organisational structure and any wider Para 1.51 network with which the charity works N/A Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name	THE ORTHODOX CHURCH OF ST CUTHBERT & ST BEDE, DURHAM
Other name the charity uses	ORTHODOX COMMUNITY OF ST CUTHBERT AND ST BEDE
Registered charity number	1181914
Charity’s principal address	5 Wanless Terrace, Durham, DH1 1RU

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
	The Reverend Dr Justin-Alexandru Mihoc
	The Very Reverend Archpriest Prof Andrew Louth
	Dr Krastu Banev
	Mrs. Irina Sokolova- Snegir
	Dr Sarah Pape
	Dr Patrick Gray
	Dr Carmen Maria Hubbard
	Mr Emanuel Ionutescu

– Corporate trustees names of the directors at the date the report was approved

Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity

Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
N/A

Name of chief executive or names of senior staff members (Optional information)

N/A

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

N/A

Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's tru tees Signature(s) Full name(s Position (eg Secretary, Chair, etc) Justi -Alexandru Mihoc Irina Sokolova-snegir Priest-in-charge Secretaryrrrustee Date 1710912022

Company Registration Number: CE016430 Registered Charity Number: 1181914

The Orthodox Church of St Cuthbert and St Bede, Durham

Report and Accounts

For the year ended 31st March 2022

The Orthodox Church of St Cuthbert and St Bede. Durham Contents of the Report and Accounts For the year ended 31st March 2022

	Page
Reference and Administrative Information	1
Statement of Trustees' Responsibilities	2
Statement of Financial Activities	3
Balance Sheet	4
Notes to the Accounts	5
Detailed Statement of Financial Activities	6

The Orthodox Church of St Cuthbert and St Bede, Durham Reference and Administrative Information

Company Registration Number

CE016430

Registered Charity Number

1181914

Priest in charge

Revd Dr Justin-Alexandru Mihoc

Trustees

Dr Krastu Banev

Dr Sarah Pape Mrs Irina Sokolova-Snegir

Revd Dr Justin-Alexandru Mihoc

The Very Reverend Archpriest Prof Andrew Louth

Dr Patrick Gray

Dr Carmen Maria Hubbard

Mr Emanuel Ionutescu

Registered Office and Operation Address

5 Wanless Terrace, Durham, DH1 1 RU

Bankers

Barclays Bank UK Pie, 6 Market Pl, Durham, DH1 3NB

The Orthodox Church of St Cuthbert and St Bede, Durham Statement of Trustees' Responsibilities

The trustees have pleasure in presenting their report and accounts for the year ended 31st March 2022.

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated and registered as a charity on 7th February 2019.

The company was established under a Memorandum of Association which established the objects and powers of the charity and is governed under its Articles of Association.

The chair of trustees, who is the trustee for the purpose of charity law, who served during the year and up to the date of this report is set out on page 1.

Objects

The objects of the charity are:

The advancement of the Orthodox Christian Religion in general and through the establishment and furtherance of a parish in the City of Durham.

The main activities pertain to the advancement of the Orthodox Christian Religion in general and through the

establishment and furtherance of a parish in the City of Durham, by way of regular liturgical worship and the

refurbishment of the new Church building.

Financial review

Total incoming resources for the year amounted to £39,575 (2021 £108,244), with total resources expended of

£5,512 (2021 £1,948), resulting in net incoming resources of £34,063 (2021 £106,296).

This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (FRS 102), taking advantage of the concessions provided by the SORP for smaller charities, and in accordance with the provisions for small companies under Part 15 of the Companies Act 2006.

The report was approved by the board on 30th August 2022.

Justin-Alexandru Mihoc Priest in charge

The Orthodox Church of St Cuthbert and St Bede, Durham Statement of Financial Activities (Including Income and Expenditure Account) For the year ended 31st March 2022

Incoming Resources: Donations Donations Ukraine Grant Gift Aid Resources Expended Cost of generatingfunds Net Incoming Resources-Net Income for the Year Total Funds at 1st April 2021 Total Funds at 31st March 2022	Unrestricted Unrestricted Funds Funds 2022 2021 £ £ 27,906 51,525 3,195 45,237 8,474 11,482 39,575 108,244 5,512 1,948 5,512 1,948 34,063 106,296 171,538 65,242	Unrestricted Unrestricted Funds Funds 2022 2021 £ £ 27,906 51,525 3,195 45,237 8,474 11,482 39,575 108,244 5,512 1,948 5,512 1,948 34,063 106,296 171,538 65,242
	39,575 5,512
	5,512 34,063 171,538
	205,601	171,538

The Orthodox Church of St Cuthbert and St Bede. Durham Balance Sheet at 31st March 2022

Current assets 2022 £ Investment 125,969 Other Debtors - Gift Aid 7,658 Cash at bank and in hand 72,274 Net current assets 205,901 Current Liabilities Accruals 300 Total Assets Less Current Liabilities: 205,601 Unrestricted Funds General funds 205,601 Total Funds 205,601	2021 £ 86,462 16,218 69,458
	172,138 600
	171,538 171,538
	171,538

For the year ending 31st March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 of the Companies Act 2006, and which otherwise comply with the requirements of this act relating to accounts, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the Board on 30th August 2022 and signed on its behalf by:

Justin-Alexandru Mihoc Priest in charge

The Orthodox Church of St Cuthbert and St Bede, Durham

Notes to the accounts

For the year ended 31st March 2022

1. ACCOUNTING POLICIES

Basis of accounting

The accounts have been prepared under the historical cost convention and in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006 and follow the recommendations in Accounting and Reporting by Charities : Statement of Recommended Practice (SORP FRS 102), taking advantage of the concessions provided by the SORP for smaller charities.

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity becomes entitled to the resources, the trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability.

Expenditure and liabilities

Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.

Fund accounting

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets this criteria is charged to the fund.

Costs of generating funds

Costs of generating funds are those costs incurred in attracting voluntary income, or incurred in trading activities undertaken to raise funds.

The Orthodox Church of St Cuthbert and St Bede, Durham Detailed Statement of Financial Activities For the year ended 31st March 2022

Revenue Donations Donations Ukraine Grant GiftAid Total Revenue Cost of Sales Administrative expenses Rent Advertising Postage and Stationery Donations Legaland professional costs Sundry Repairs and Renewals Total Administrative expenses		2022 £ 27,906 3,195 8,474 39,575	2022 £ 27,906 3,195 8,474 39,575		2021 £ 51,525 45,237 11,482 108,244


			1,877 580 84 600 315 2,056
					216 600 670 208 254 ~~1,948~~
			~~3,635~~

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of The Orthodox Church of St Cuthbert and St Bede, Durham On accounts for the year 31[st] March 2022 Charity no 1181914 ended (if any) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2021. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. My examination included a review of the examiner's statement accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

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.

Date: 02/12/2022 Signed: Name: Ionela Alexii Address: 20 Nowell Close. Radcliffe-On-Trent Nottingham NG12 1FE