## **Trustees’ Annual Report for the period** **From: 01.04.2025 Period start date To: 31.03.2026 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 |Other||**N/A**| |---|---|---| |**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 2025-2026 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 Par the charity’s a 1.21 financial position at the end of the period 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** Investment policy and 4 |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~~||Resigned on 21st
January2025|| |||Mrs 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)** **Type of Name Address adviser 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| ||20thJuly 2026|| ||20thJuly 2026|| 10 Cornpany Reglstratlon Number: CE016430 Registered Charity Number: 1181914 The Orthodox Church of St Cuthbert and St Bede Durham Re ort and Accounts For the ear ended 31st March 2026 The Orthodox chU￿h of St Cuthbert and St Bede Durham Contents of the Re ort and Accounts For the ear ended 31st March 2026 Page R￿erence and Administrative Infomiation Slalernent of Trustees, Responsibilitie5 Staternenl of Financial Activities Balance Sheet Noles to the A¢¢ounls Detailed Statement ol Financial Activrb"es The Orthodox Church of St Cuthbert and St Bede Durham Reference and Admlnlstratlve Inforniatlon Campany Règlstratlon Ntsm￿r CE016430 Registered Charity Number 1181914 Priest in charge Revd Or Justs"n-Aexandru Mihoc Trust Dr Carmen Hubbard Mr Emanuel lonutescu Dr Sarah Amanda Kelly Dr lrina Sokolova-snegir Revd Or Juslin-Aexandru Mihoc The Very R&v&rend Archprie$l Prof Andrew Louth R•gistorod Office and Oporation Addrn88 5 Wanless Terrace, Durham, DH1 1 RU 8ank•rn Barclays Bank UK Pl¢. 6 Market Pl. Dutham. DHI 3N8 ## **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 2026 ## **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 £75,242 (2025 £66,150), with total resources expended of £26,417 (2025 £21,511), resulting in net profit of £48,825 (2025 £44,639). 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 20th July 2026 …………………………………………….. Justin-Alexandru Mihoc Priest in charge 2 The Orthodox Church of St Cuthbert and St Bede Durham Statement of Financial Activities Includin Income and E For the ear ended 31st March 2026 ndltur• Aectsun Unrestrict8d Funts Unrestricted Fund$ 2026 2025 Incoming Resourc88'. Donation5 Donation$ Ukraine Grant Gift Ajd Other Inc0rn8 63.350 53.955 11.892 12.195 75.242 66.150 Rosourc¢$ Expanded Cost of generating fund5 26.417 26.417 21,511 21.511 Net Incoming Resourc88- Net Income for tho Year 48.82S 44,639 Total Fund8 at 1tkt Aprfl 2025 212,777 168,138 Total Fund8 at 3l$t March 2026 261,602 212,777 The Orthodox Church of St Cuthbert and St Bede Durham Balance Sheet at 31st March 2026 2026 2025 Current asset5 Fixed Assets Freehold Property Other Debtors- GIftA Cash al bank and in hand 719 167.674 11.772 81.827 167.674 12.1 33.447 Net curr•nt assets 282.052 213.227 Curront Llabllltles Accrua15 450 450 Totsl A$s•ts Lem Curr•nl Ll¥bllttles: 261,602 212,777 Unrgstrl¢ted Fund$ General funds 261.802 212.777 Total Funds 261,802 212,777 For the year endiry 31st Marth 2026 th• eompany was •ntthd to •xtyion from audit undèr s•ctth 477 of the Companie$ Act 2006. The Members have not required th8 company to obtain an a￿11 in accord8nc8 Wilh section 478 of the Companies Aci 2000. The trustees a¢*nowA8dge Ih8Sr r•sponskn'lth$ for. 81 ènsuring that Iht company kélps prwr aeeountffig rocords comptywith S￿￿'&fi$ 386 387 Of th Ciynpanies Act 20Q6 an bl pr•pÈring aecounis which a Iru• and fair ¥￿ of th• stat• ￿ affairs olth• ccthpany as at th• •nd or each financjal year and of its profil or bss for each financJal Jear in accordance ￿th the reqU1￿ments of Sèctions 394 and 395 olthe Cornpanies kt 2006, and whKh 0th8r*i$8 Comply with the requirements of this act relating lo 8¢counts. $0 far a$ ¥P￿l￿b￿ lo wnpany. The fi'nanci81 statements have pr￿r•d Wi accordanc• th• pro¥istyJns of Port 15 ofth• Ccffjpan*$ Acl 2Cf6 ￿latIng lo $mall cc4np8nw. Approved by the Board on 201h Juty 2028 aTrJ 8￿Jned on rts behaw by.. Justln-Alexandru Mlh Priest in charge The Orthodox Church of St Cuthbert and St Bede Durham Notes to the accounts Forthe ear ended 31st March 2026 1. ACCOUNTING POUCIES Bas1$ of a¢¢ountlng The accounts have been p￿pared under the hi5toncal cost convention and in accordan￿ wrth the proWS￿lS of Section 1A"Small Entstres" of Financial Reportin9 Standard 102 Yhe Financhql Reporbng Standard 8pplicable in the UK and Republic of Ireland" and the CompanE5 Act 2(M)6 and folbw the Tpcommendations in Accounting 8nd R8porting by Ch8riti&s . St8tem8nÈ olR8comm8n(kdPr8clic& ISORP FRS 1021. taking advantage ofthe concessions wovided by the SORP for smaler charib8S. Incoming r880urces All incorn1￿ resour￿S are included in the Staternenl of Finanual Ac*vibe5 when the tharity becornes enti1￿￿ to the resour￿8, the Irusl8es are ¥lrtualty r*rtain IW ￿11 recewe the resourr*s and the monetary value b• m8a5ured with suffiaent r81iability. Exp•ndlturo and Ilabllltl¢s Resources expended are rectyJnTsed in the Peri¢4Y in Wh￿ thty ar• ir*uTh•d. R￿Urt•S •xwnd•d indud attributable VAT which ￿nn01 be ￿¢0¥ered. Fund accountlng Unrestricted funds are donations and other Incoming resources r￿l¥ats￿ Orger￿atsd lor the objects of tha charity without ￿rther purpose aThJ are avail?kn￿ as general lunds. D&s￿nated funds are unr85lricl8d fuTrJs earmarked by lh8 Iru5tees for particuLqr PU￿Se8. Restricted funds are to be used for SFeufic purFtyJse8 as la￿ do*n by the donor. Expenditure Ithich meet5 thi5 crltsna is charged to the fund. ¢wi$ of gengratlng funds Cosi$ of genef8ling fund$ are those costs iruirred in attwbr9 vduntsry Incm. or incurre(l in tradir 8ctivilie5 undertak•n 10 raisè bjnds. Tanglbl• flxed assets Dep￿tiatiOn Is proviLled ai th• lelkw'ng annual rat•s in e*d8r10 oll•ad) asset b￿r its Istimaied useful life. Cgmpuler Equipment- 33% $lrayht lin¢ Prop8rty- NIA Totsls Equlpment Cost Al 1 April 2025 A¢dilion$ Al 31 March 2028 Doprfj¢latlon Al 1 April 2025 Charge for year Al 31 March 2026 N•t Book Value Al l April 2025 At 31 March 2026 875 875 875 875 779 779 779 779 The Orthodox Church of St Cuthbert and St Bede, Durtmm Detailed Statement of Financial Activityes Forthe year ended 31st Mareh 2026 2026 2025 Revenue Donations Donations Ukraine Grant Gitt Aid Other Income- GiftAhl Suppkment Totsl Revenue 63.350 53.955 11.892 12.195 75.242 66.150 Cost of Sal•s 6,698 6,356 Admlnlstiaiiv• •xpens•s Rent Advertising Posiage and Stsb"onary Donations Hotel Costs Hire Costs Insurance Bank charg9$ Legal and professienal costs Depreciation Repairs and Ron•wals Subscriptions Total AdMlnlstrnt1￿ •xp•n$•• 1,820 1,S58 690 326 8,320 200 2.041 1.371 19 1S 450 6.489 1.701 19.719 15.155 ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** |**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**|Charity Name
The Orthodox Church of St Cuthbert and St Bede, Durham| |---|---| ||| ||31stMarch 2026
**Charity no**
**(if any)**
1181914| ||| ||(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 31/03/2026. **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. **----- Start of picture text -----**
Date: 20/07/2026
Signed:
Name: Ionela Alexii
Address: 20 Nowell Close, Nottingham, NG12 1FE
**----- End of picture text -----**
**Oct 2018** 1 **IER**