Reglstered number: CE027122
Charfty numb&r: 11964S3
THE METROPOLITAN KALLISTOS FOUNDATION CIO
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

THE METROPOLITAN KALUSTOS FOUNDATSON CIO
cotrrrEKrs
Page
Ref&ronce and Admlnistrative Detalls of the Charfty, Its Trustees and Adv15È
Trustees, R&port
Independent Examinerf8 Report
Statement of Financial Actlvltles
Balance Sheet
Notes to the Financial Statements
8-15

THE MEfROPOUTAN KALLISTOS FOUNDATION CIO
REFERENCE AND ADMINISTPATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 JANUARY 2024
Trustees
Mr Simon Jennlngs. Trust88
Mrs Frances Jennings. Trustee
ProfessorAndrew Louth, Trustee
Rev Sleph&n Platt, Trustee
Company reglstered
number
CE027122
Charlty registered
number
1196453
Reglstered offlc8
18 Warwick Street
Oxford
OX4 1SX
Accountants
Fletcher & Partners
Crown Chambers
Bridge Street
Salisbury
SPI 2LZ
Banker¥
Lloyds Bank plc
25 Gresham Street
London
EC2V7HN
Page 1

THE MEfROPOUTAN KAWSTOS FOUNDATION CIO
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
The Truslges present their annu￿ report together with the financial statements of the Charity for the year lo 31
Jsnuary 2024. The Annual Report sejves the purposes of both a Trustees, tpport and a directors, report under
company law. The Trustees confim that tho Annual Report and financial statements of th8 charrtable
incorporated organisalion comply wth the current statutory r8quiremenls, the requirements of the ¢harills
goveming docum8nt and the provisions Df the Statement of ReC￿mended Practice ISORPI applicable to
charities preparing their accounts In accordance vAth the Financial Reporting Stsndard appli¢able In the UK and
Republic of Ir8land IFRS102} (effgdive 1 January 2019}-
Objectives and actlvltles
a. Pollcies and objective8
Under thè constilthlon dated 8 November 2021 the obj* of the Charitable Incorporated Organisalion aTe the
advancement of the OrthodDX Christlan Religion and of education in the Orthodox Christian theological tradition
for the public benefit through..
1} Establishing a library lo consist inittalty ol the book9, papers and personal memorabilia of M8tropolilan
Kallistos ol Diokleia, lo promotg research into his lrfe, theological vffllings and spirilual works and mainl8ining the
same a8 £ library lor the conttnuiny study of the Orth(xlox Christian RelIg￿n in particular.
21 Prowding theological teaching and courses in the Orthodox Christian Religion.
3} Promoting and sponsoring ledures, serninars and conferences.
4) Provlding scholarship8 to assist those stUd￿n9 subjects rdevanl to the Orthodox Christian Faith.
51 Co•operating with e81abli8hing and supporting higher educational institutions engaged in teaching and
research in or relevant to the Orthodox Christian Farth.
In setting objectives and planning for adiwties. the Tnjslees have gNen due conslderalion to general guidance
published by the Charty CommissK)n relating to public benefit. including the guidance 'Publi¢ benefrt.. running a
charity (PB21'.
b. AGtlvhle5 undertaken to achieve oblectlvgs
Whilst the eslale of The Metropolitan Kallistos is still in administration the trustees are considering where the
library of books and documents might be housed permanentty and are looking into funding to enable the
establishment of a library in Oxford.
Page 2

THE METROPOLITAN KALUSTOS FOUNDATION CIO
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Achlevements and perfomanca
Financial r8Yiow
a. Golng concorn
The Trustees have a reasonable expectation that the Charity has adequate resources to continuo in opgralional
existence for the foreseeable futuro. For this reason. they continue to adopt the going concem basls in preporing
the finanaal slatemenls. Further details regarding the adoption of the going conc@m basis Gan be found in the
aG¢ounting policie3.
b. Reserves pollcy
The Iruslees wll not undertake any commthments in r&lat￿n to a physical rary unless fvnd1n9 has been
assured. suff￿[ent lo cover expected costs of any contractu81 obligation and would expect lo retsin sufficient
liquid fvnds in addrtion, lo cover 6 months of 9enetal Nnning costs.
. FinanGial position
Income in the prior year of £1,200,000 Is the minimum anticipated value of the legacy from The Metropolitan
Kallislos. The books and perfodicals have been receNed but no liquid funds were released from the eslale durrng
the year, The net movement in funds Ihls year after charges for depiecistion and support fees amDunted lo
{£2,3321.
struduro. governance and management
a. Constitutlon
The Metropolitan Kallislos Foundation CIO Is a charTiab￿ Incorporated Organisation and was founded under 118
constitution dated 8 November 2021.
b. Methods of appointment or •leclion of Trustees
Th6 management of the Charlty is the respon81billty of th8 Truste&s who are elected and wpled under the
terms of the wnstitulion. Apart from the inttial trustees. each of whom is appointed for a specrfied term, every
appointed trustee must be appointed for a terrn of three years by resolution passed at a properfy convened
meeb'ng Df Irusleos. In selecting indiMdua15 for appointment as tntstèes. the trustees must have r￿ard lo the
skills, knowledge and experience needed for the effectiv& administration of the CIO. Every trustee mu81 be a
member of the Orthodox Church in goDd standing.
Page 3

THE MEfROPOUTAN KALLISTOS FQUNDAnoN CIO
TrUSTEES' REPORT(¢ONTINUED
FOR THE YEAR ENDED 31 JANUARY 2024
Ststen7•ntofTru•ts••' f•#w￿￿1[￿
Tk Tru¥teb¥ are re8FonsltKè forwepartrvj ths Trust8* Rawt and the f4nanL4aJ gtstemenk In ac￿d8[￿ wlfh
Pwce
appllcabl¢ law arrfj Unw lkn Aojwndng Stand&ts (Unitsd ￿Trad0M G8nerally Aetsptod AoctsUnU￿J
C¢>npany rcqulres the Tnist¢8$ ID prepase ffnan(￿ statoThnts for each ffnanclal . Llndw cornpany law, th•
Truste&9 must notapprov8 Ihg r￿St¥￿al 51atements unless th8y are sabsfred th8ttFwgli ea true and tsrvt¢wof
8 Stalè ofaffair8 ol th8 Charity and of it$ 4wrnirvJ resources and appficatk•n of r95wrces. indbding its In¢om¢
and èxpendllur4 forthatperfthl. In pr8psrfTW these1[n*Th￿ gt8tèments, tho Trustees Are Tequlfed to..
$￿eCtSUItSb￿ atroun1￿ aThJ then aiwty them L>)nststsnty,
otrthve the rNethI￿yS and w'ncipbs ofthe Charfks SORP IFRS 1D21.'
mak& jud9monts and XL¥unbr>9 e*in* that are peasonatae ond p[￿
8tate wheiher applkxble UKkn)Un￿ng Sknd8rds IFRS 102) have folb*é¢J, 8ubigL# to &nymateFial
depertures dbdos8d Wlaned the finan￿￿ st8tements.'
preparé tho finaneJal 8tstell￿ftts on the * LVJrt•m kesi¥ M ts wwprwate to wesum th&tth?
Charlty ￿tInue In bu￿ne
The Trustees are tBSW8ibl8 for kewng a￿Jnty rÈcurds that are sffjthent ID show ewaln
Charlvs trgngactions end dtsd05e With reasonable at any time the finan0& ot tho CharTty
J enabla tttom to enswe that fv ffinanckl s&ten*nts compty wrth th8 Comp¢n*s A¢t 20(￿. They ara also
resptrtsIb￿ fof saleguarding Ihe assets of Ihe Charity and kEnce lor ts￿ng re8wbb Steps for the prevonuon
snd det#tiDrtr of fraud and othertEregulorfkn.
and kn on Ihthrts8halfty.
on
Mr
ti J•nnl
Page 4

THE METROPOUTAN I(ALLISTOS FOUNDATION CIO
INDEPENDE￿ EXAMINER'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
Indepgnd9nt Examlnorfs Report to the Trustees of Thè Metropolltan Kalllstos Foundation CIO
{Ihe Charlty.)
I report lo the charity Tru8tees on my examination of the a¢￿Unts of the Charity for the year ended 31 January
2024.
Rosponslbilltles and Ba$1$ of Report
As the Trustees of the Charty {and its directors for the purposes of company law) you aro responsible for the
preparalron ofthe accounts in accordance wth the requiroments of the Companies Ad 2006 ('Ihe 2006 Act,).
Hawng satisfied myself that the accounts of the Charty are not required to be audited under Part 16 of the 2006
Act and are eligible for independent examination. I report in respect of my èxaminalian of the Charity's accounts
carried out under section 145 of the Charities Act 2011 1'th0 2011 Act'}. In carrwng out my examination I have
followed the Directions given by the Charity Commission under section 145{5llb} Df tho 2011 Art.
Independ&nt Examlner's Statement
I have completed my gxaminalion. I confiTm that no Tnaiters have come to my attenliDn In conn8Ction wf(h the
examInat￿n giving me cause lo believe..
accounting records were not kept in respect Df the CharÈty as required by section 386 of the 2006 Act,. or
tha accounts do not accord with those words,. or
the accounts do not comply with the accounting requirements of s8Ctton 3% of the 2008 Act other than
any requirement that the accounts gwe a twe and fairf Mew which is not a matter considered as part of
an independent examination,. or
the accounts have not been prepared in gcwrdance with the methods and principles of tho Slalemenl of
Recommended Practice for accounting and reporting by char((ies lapplicable to charities preparing their
accountg in accordance wth the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 10211.
I have no concems and have come across no other matters in wnnection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached.
This report is made solety to the Gharitys Trustees. as a b(xty. in 8ccordance with Part 4 of the Charities
IAccounls and Reports} Regulations 2008. My work ha5 been undertaken so that I might slate lo the Charitys
Tmsltses those matters l am required lo slate to them in an Independent Examinerfs Report and for no other
purpose. To the fullest extent permitted by Eaw, I do not a￿pt or assume responslbility lo anyone other than the
Charity and the Charttys Trustees as a body. for my wort or for this report.
Signed..
Dated.. 70-Z4
MAES PLEffCKE(L
Page 5

THE METROPOLITAN KALLISTOS FOUNDATION CIO
STATEMENT OF FINANCIAL ACT]VITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUN
FOR THE YEAR ENDED 31 JANUARY 2024
Unrestricted
funds
2024
Total
funds
2024
Tol81
funds
2Q23
Note
Incomefrom:
Donations and legacies
374
374
1,200,000
Total incomo
374
374
1,200.000
Expenditure on..
Chantable activities
2,706
2,706
Totsl expenditurn
2.706
2,706
4.506
Net movement in funds
(2.332)
{2,332)
1, 195,494
Reconclllatlon of funds..
Total funds brought forward
Net movement in funds
1.195.494
{2.332)
1,195,494
{2,3321
1, 195,494
Total fund5 Carried forward
1.193,162
1,193,162
1. 195,494
The Statement of Financlal Actlvitses includes all gains and losses recognised in the year.
Thè notes on paves 8 to 15 fom part of these financial staterr￿nts.
Page S

THE IEfROPOLrrAN KALL￿T08 FOUNDAT10M CIO
REGISTERED NUMBER: CE027f22
BALANCE SHEET
AS AT31 JANUARY 2024
2024
Flx•d a•88t•
Tangibleassets
,08b
09,094
Cuffent aswi
Debtot8
¢a8h al tsnk and IA ha
9.094
1.139,rn
374
1.139,TOO
Credtt0￿ amwntg falli￿ due whhtn
1.140.074
1.139,TCIg
10
(3.3ffj)
1.135n4
Total assets iM¥¢un•llt Ilabiritlo9
Net4swt¥
l.lJa4OQ
1.193.162
1.195,494
Total
1,193.182
1,1944k4
1,191162
1,195,494
Charityfvnd
Restrfctsd fvnds
Unresrrfcted fund8
12
12
T4tai fitnd•
1,193.162
f, 195.494
1,193,162
1, 195.494
7he wa$ 8nliUed toeKempkn aith wpjersethn 477ofihe Compafties Act2006.
The Men)￿ have not re￿￿ Ihe c¥wy to obtskn an awjlt for the yw kn qiysuon In s￿r￿an£¥ with
8eGthn 476 efcompanres Act 20ffj.
zo
Mr
J•#nln
Trje th OTr pag8$ 8 trj 15 Ivmi partofll&8s• 8&tonents.
Page 7

THE METROPOLITAN KALLISTOS FOUNDATION CIO
NOTES TO THE FINANCIAL STATEPJiENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Gengral inf0mia￿on
The charity is a Charitable Incorporated Organisation incoq)orated in England and Wales. The registered
office is 18 Warwck Street, Oxford,OX14 1S
Accounting policies
2.1 Basls of PTeparatlon of financlal statements
The financial statements have been prepared in accordance with the Charit￿$ SORP IFRS 1021-
Accounti￿ and Reporting by ChaTilies'. Statement of Recommended Prydctice applic8blo lo charrfcies
PTeparirbg their accounts in ac¢ordance wlh the Financial Reporting Standard applicable in the UK
and Republic of Irdand IFRS 1021 leffe¢live 1 January 2019). the Financial Reporting Standard
appllcable in the UK and Republic of Ireland IFRS 1021.
The Metropolitan Kallislos Fourtdalion CIO meets the definition of a publlc benèfrt ertty under FRS
102. Assets and liabilities are inffjalty recognised at historical cost or transaction value unless
otherwi58 Statsd in the relevant acwunling policy.
2.2 Incoma
All income Is recognised once the Chartty has entrtlemont to the income, (( is probable that the
Incorne wtll be receNed and the amount of income receivable can be measured reliably.
The recognition of income Irom legades is dependent on establishing enlillemenl, th2 probability of
receipt and the abilty lo estimate wtth sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exlsts when the Charity has Suffi￿ent eviden￿ that a gift has been lefl to
thom {Ihrough kno￿edge of the exslence of a valHI will and the death of the benefaclorl and the
executor is satisfied that the propety in question ￿11 not be required to satisfy claims in the eslale,
Receipt of a legacy must be recognised ￿en rt is probable that il will be received and the fair value
of the amount ￿￿1Vable. which wll generalty be the expected cash amount to be distributed lo the
Charty, can be Teliably nwsured.
2.3 Expenditure
Expenditure is recognised once there is a kgal or constructive obligation to transfer ec(momic benefit
to a third paty, r( Is probable that a transfe* of economic benefrts will be required in settl￿ellt and
the amount of the obligation can be measured reliably. Expenditure is classrfied by a¢tivity. The costs
of each aCtI￿ty are made up of the total of direct C081s and shaied costs, including support costs
inVo￿ed in undertaking each actmty. Direct costs attributable ID a single activity are allocated directly
to that activity. shar￿ costs which contribute to more than one aclivty and support costs which ar
ot attributable to a single activty are apportioned bets¥een those activrties on a basis consislenl with
the use of resources. Central staff costs are all(￿at￿ on the basis of time spenL and depreciation
harges allocated on the pgrtion of the asset's Use.
Expenditure on charitable activities k% incurred on directy undertaking the actni(ties whlch fvrth6r the
Charity's objective8, 8$ well 89 any associated support costs.
Al expenditure is inclusNe of irrewverable VAT.
Page 8

THE MEfROPOUTAN KALLISTOS FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Accountlng pollciès Icontinuodl
2.4 Tanglble fixed assets and depreclatlon
Tangible fixed assets are inilialty recognised al cosl.Tangible fixed assets recetved as a part of a
legacy are initially recognised at their valuation for probat& whkh is deemed to bo the cost. After
recognition, under the cost mcxlel, tangible fLxed assets are measured at cost less accumulated
depreciation and any accumulated impaimient 108ses. All costs incurred lo bring a tangible flxed
asset into its intended worf(ing conditton should be included in the measurement of cosL
Depreciation Is eharged so as to allocate the cost of tangible fLxèd assets less Ihelr residual value
overtheir estimated usefijl lives, .
D&preciation is provFded on the fonowing ba815:
Books and periodicals
2% Straight line
2.5 D8btOTS
Trade and other debtors are recognised at the settlement amount after any trade dlscounl offered.
Prepayments are valued al the amoltnt prepaKI nel of any trade discounts due.
2.6 Cash at bank and ID hand
Cash at b8nk and in harwl includes cash and short4em highly liquid Investments with a short maturity
of three months or less from the dale of 8Gquisition or opening of the depDsit or similar 8c¢ounl.
2.7 Llabilttles and provisions
Liabil(ties are recognised whèn there is an obligalK)n at the Balanee Sheet dale as a result of a past
event. it 15 probable that a transfer of economic beneff( will be required in settlement, and the amount
ofthe setttement can be eslimaled reliabty.
Liabili(i6s ar8 r@cognised at the amount that th& Charity antiapales il wll pay lo settle th6 debt or the
amount it ha8 recèived as advanced payTnenls forthe gocMJ8 or semces il must provide.
Provisions are measured at the best eslim?le of the amounts required lo settle the obligation. Where
the effect ol the kn'me value of money is matertal, the prowslon is based on the present value of those
amounts, discounted al the pre-tax discount rate that reffecls the risks specific to the liability- The
unwinding of the discount Is recognised in the Statement of Financial Activities as a finance wst.
2.8 Fund accounting
General fund8 are unrestricted fvnds which are available for use at the discretion of thè Trusle8s in
furtherance of Ihe general (}bl￿NeS of the Charity an¢J which have not been designated for other
purposes.
Page 9

THE METROPOLITAN KALUSTOS FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Income from donations and legacies
Unrgstrl¢ted
funds
2024
Total
funds
2024
Donations
374
374
Unrestrictgd
funds
2023
Total
funds
23
Legacies
1,2(Kl,000
1,200,000
Analysis of axpenditure on charltable actlvltles
Summary by fund type
Unrestrlcted
funds
2024
Total
2024
Depreciation and support wsts
2,706
2,706
Unr9Stricled
funds
2023
Total
2023
Depreciation and 8UPPOrt costs
4,506
4,506
Page 10

THE METROPOLITAN KALUSTOS FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Analys15 of expendlture by a¢￿VItIeS
Actlvitie5
undertaken
dlredy
2024
Support
costs
2024
Total
funds
2024
Depr￿latIon and support costs
1.206
1,500
2,706
undertaken
direcyy
2023
Stjpport
costs
2023
Totsl
fvnds
2023
D&pr￿LatIOn and support costs
1.206
3,300
4,￿16
Anatysis of support costs
Total
funds
2024
Activities
2024
Govemance costs
1,500
1.500
Total
fvnds
2023
ACtiv￿&S
2023
Goveinance costs
3,300
3,300
Page 11

THE METROPOUTAN KALLISTOS FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Inde￿ndant examin•rfs remuneration
2024
2023
Fees payable to the Ch8rlVs independent examiner for the Independent
examination of tho Charitys annual accounts
Fees payable to the Charity5 independent examiner in respect ot.
l other services r￿1 included above
1,200
2,400
300
900
Trust￿, remunèratlon and expenses
During the year, no Trustees received any remuneration or other benefits (2023- £NIL).
During the year ended 31 January 2024, Trus￿ expenses have been Incur￿ f2023- £NIL).
Tanglble flxed assets
Books and
P8rlodicats
Cost or valuatlon
Al 1 February 2023
60,300
At 31 January 2024
60,300
Deproclatlon
At 1 February 2023
Charge for the year
1,206
1.206
At 31 January 2024
2.412
Net book value
At31 January2024
57,888
Al 31 January 2023
59,094
P8ge12

ThE MEfROPOLrrAN KALLISTOS FOUNDAIION CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Debtor5
2024
2023
Duo wlthln one year
Other debtors
1.139,700
1, 139.700
1.139,700
7,139,700
10. Credltors: Amounts falling due wlthln on8 yaar
2024
2023
Trade creditars
Accruals 8nd dgferred income
3,3(Y)
1,5Lh)
3,300
4,800
3,300
11. Flnanclal Instruments
2024
2023
Financlal assets
Finanaal assets measured at fair value through income and eypendtture
374
Financid assets measur&J at fair value through income and expenditure comprise cash 81 bank.
Page 13

THE METROPOUTAN KALL15TOS FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
12. Ststement of funds
Statement of funds - curront y•ar
Balance at 1
February
2023
Balance at
31 January
2024
Incom8 Expenditur8
UnrestTIGtsd funds
General Funds- all ftjnds
1.195N94
374
12,706} 1.193,162
Page 14

THE METROPOUTAN KALLISTOS FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
12. Stat&mont of funds Icontinuadl
Statement of funds - prlor year
Balance al
31 January
2023
Incom8 Expenditu
Unrestrlcted funds
Gene￿1 Funds- all funds
1.200.000
(4,506) 1, 195,494
13. Analysls of net assets betweèn fvnds
Analysls of not assets botwgen funds- current year
Unrestricted
funds
2024
Total
funds
2024
Tangible fued assets
Current assets
Creditors due wthin one year
57.888
1,140,074
{4,8001
57.888
1,140.074
14,800}
Total
1.193.162
1,q93,162
14. Related party transactlons
Thè Charity has not errtered into ary related paty transact￿￿ durlng the year, nor are there any
outstanding balances owing between related partles and the Charity at 31 January 2024.
Page 15