## **Trustees’ Annual Report for the period** **From: 01.04.2023 Period start date To: 31.03.2024 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.| 1 **N/A** Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
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.|Para 1.20|**Providing support and spiritual guidance**
**throughout the 2023-2024 year.**| |**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**| 2 ## **Financial Review** ||Review of
the charity’s
financial
position at
the end of
the period|Par
a
1.21|| |---|---|---|---| 3 |Statement|Par|**N/A**| |---|---|---| |explaining|a
1.22|| |the policy||| |for holding||| |reserves||| |stating why||| |they are||| |held||| |Amount of|Par|**N/A**| ||a|| |reserves|1.22|| |held||| |Reasons for|Par|**N/A**| |holding zero|a
1.22|| |reserves||| |Details of|Par|**N/A**| |fund|a
1.24|| |materially in||| |deficit||| |Explanation
of any|Par
a
1.23|**No uncertainties applicable.**| |uncertaintie||| |s about the||| |charity||| |continuing||| |as a going||| |concern||| ## **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** 4 |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |---|---|---| |A description of the principal
risks facing the charity|Para 1.46|**None applicable**| |Other||**N/A**| 5 ## **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: |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|**N/A**| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|**N/A**| |Relationship with any related
parties|Para 1.51|**N/A**| |Other||| 6 ## **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| ||| 7 ## **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~~||Acted for full period 1st
April 2022 – 31stMarch
2023.
Resigned on 20th
December 2023|| |||Mrs. Irina Sokolova-
Snegir|||| |||Dr Sarah Kelly (was
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**||| |||| |||| |||| |||| |||| 8 ## **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)** |**Additional information (optional)**
**Names and addresses of advisers (Optional information)**|**Additional information (optional)**
**Names and addresses of advisers (Optional information)**|**Additional information (optional)**
**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** 9 ## **Declarations** ## **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||Justin-Alexandru Mihoc|Irina Sokolova-Snegir| ||
Priest-in-charge|Secretary/Trustee| ||14/11/2024|| ||14/11/2024|| 10 **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 2024** ## **The Orthodox Church of St Cuthbert and St Bede, Durham Contents of the Report and Accounts For the year ended 31st March 2024** ||**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 Carmen Hubbard Emanuel Ionutescu Dr Patrick Gray Dr Sarah Amanda Kelly Mrs Irina Sokolova-Snegir Revd Dr Justin-Alexandru Mihoc The Very Reverend Archpriest Prof Andrew Louth ## **Registered Office and Operation Address** 5 Wanless Terrace, Durham, DH1 1RU ## **Bankers** Barclays Bank UK Plc, 6 Market Pl, Durham, DH1 3NB 1 ## **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 2024 ## **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 £97,136 (2023 £65,886), with total resources expended of £68,256 (2023 £132,229), resulting in net loss of £28,880 (2023 £66,343). 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 14th November 2024 …………………………………………….. Justin-Alexandru Mihoc Priest in charge 2 ## **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 2024** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**Funds**|**Funds**| ||**2024**|**2023**| ||**£**|**£**| |**Incoming Resources**:||| |Donations|58,326|35,275| |Donations Ukraine|-|-| |Grant|26,800|21,824| |Gift Aid|12,010|8,779| |Other Income|-|8| |**Resources Expended**|97,136|65,886| |Cost of generating funds|68,256|132,229| |**Net Incoming Resources - Net Income for the Year**|68,256
28,880|132,229
66,343
-| |**Total Funds at 1st April 2023**|139,258|205,601| |**Total Funds at 31st March 2024**|168,138|139,258| 3 ## **The Orthodox Church of St Cuthbert and St Bede, Durham Balance Sheet at 31st March 2024** |**Current assets**
Investment
Freehold Property
Other Debtors - Gift Aid
Cash at bank and in hand
**Net current assets**
**Current Liabilities**
Accruals
**Total Assets Less Current Liabilities:**
**Unrestricted Funds**
General funds
**Total Funds**|**2024**
**£**
-
109,729
12,010
46,849
168,588
450
168,138
168,138
168,138|**2023**
**£**
-
100,907
8,779
29,872
139,558
300
139,258
139,258
139,258| |---|---|---| For the year ending 31st March 2024 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 14th November 2024 and signed on its behalf by: …………………………………… **Justin-Alexandru Mihoc Priest in charge** 4 **The Orthodox Church of St Cuthbert and St Bede, Durham Notes to the accounts For the year ended 31st March 2024** ## **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. 5 ## **The Orthodox Church of St Cuthbert and St Bede, Durham Detailed Statement of Financial Activities For the year ended 31st March 2024** |**Revenue**
Donations
Donations Ukraine
Grant
Gift Aid
Other Income - Gift Aid Supplement
**Total Revenue**
**Cost of Sales**
**Administrative expenses**
Rent
Advertising
Postage and Stationary
Donations
Donation Ukraine
Courier Charges
Insurance
Bank charges
Legal and professional costs
Sundry
Repairs and Renewals
**Total Administrative expenses**|**2024**
**£**
58,326
-
26,800
12,010
-
97,136
1,274
960
-
739
1,390
-
-
697
30
450
-
62,716
66,982|**2023**
**£**
35,275
-
21,824
8,779
8
65,886
128
-
180
-
1,970
3,195
700
265
88
300
107
125,296
132,101| |---|---|---| 6 ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/ members of** Charity Name The Orthodox Church of St Cuthbert and St Bede, Durham **On accounts for the year** 31[st] March 2024 **Charity no** 1181914 **ended (if any) Set out on pages** (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2023. **Responsibilities and basis of report** As the charity's trustees, 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 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 examiner's statement** I have completed my examination. My examination included a review of the 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:** 14/11/24 **Signed: Name:** Ionela Alexii **Address:** 20 Nowell Close, Radcliffe-on-Trent, Nottingham, NG12 1FE **Oct 2018** 1 **IER** IER Oct 2018