**Report to the Charities Commission For Period ended 31[st] March 2025**
## **Registered Charity Number 1205191**
**https://www.bath-orthodox-church.co.uk**
**The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
## **CONTENTS**
## **1. Introduction**
## **2. Part A – Trustees’ Report for the period ended 31[st] March 2025**
- 2.1 Reference and Administration Details
- 2.2 Structure, Governance and Management
- 2.3 Key Objectives and Activities
- 2.4 Achievements and Performance
- 2.5 Financial Review
- 2.6 Other Information
- 2.7 Declaration
## **3. Part B – Financial Accounts for the period ended 31[st] March 2025**
- 3.1 Independent Examiner’s Report
- 3.2 Statement of Financial Activities (SoFA)
- 3.3 Balance Sheet
- 3.4 Notes to the Accounts
Page 2 of 16
**The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
## **1. Introduction**
This is the Report for the Orthodox Parish of Saint John of Kronstadt at Bath, United Kingdom for the financial period 1[st] October 2024 to 31[st] March 2025. The report provides the information and financial profile for the regulatory filing required by the Charities Commission (2011 Charities Act).
The report is in two parts:
- Part A – The Trustees’ Annual Report
- Part B - The Financial Accounts 2024/25
## **’ 2. Part A – Trustees Report for the period ended 31[st] March 2025**
## **2.1 Reference and Administration Details**
- Charity Name : **Orthodox Parish of Saint John of Kronstadt**
- Registered charity number: **1205191**
- CIO- Association Registered **: 12[th] October 2023**
- Charity’s principal address: **19 Hensley Road, Bath, BA2 2DR**
- • Trustees: (in 2025)
||**Name**|
|---|---|
|1|Father Richard Penwell|
|2|Ann Johnson|
|3|Mother Sarah Overton|
|4|PhilipLytra|
|5|James Jackson|
|6|Zoe Bates|
|7|Charles Hetherington|
|8|Natalia Nikitin|
Names and addresses of advisors:
|**Type of Advisor**|**Name**|**Address**|
|---|---|---|
|Accountant/Independent
Examiner|OCL Accountancy|141 Englishcombe Lane
Bath,BA2 2EL|
**Chief Executive (or equivalent):** Father Richard Penwell holds the office of Priest in Charge
Page 3 of 16
**The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
## **Structure, Governance and Management**
Description of the charity’s trusts
- The charity is constituted as a “CIO”
- The charity’s governing document is a “Constitution of a charitable, incorporated organisation with voting members other than its charity trustees” dated 4 October 2023.
The serving group of trustees are elected by the members of the Parish.
Additional governance issues
- The following were appointed by the Trustees: `o` James Jackson - Parish Secretary `o` Chris Hetherington – Treasurer
- The following was elected by the members of the Parish: `o` Charles Hetherington – Church Warden
Management of major risks
- The membership of the Orthodox Christian community in Bath continues to grow. Our major risk has been the lack of long-term tenure of a place of worship with facilities for hospitality. In response to this the Trustees hold an agreement with a local Anglican Church (St John`s Bathwick).
- The trustees’ policy on reserves and their financial objectives are principally set to alleviate this risk (see section 2.5). That is, the aim is to accumulate the annual net resources (surplus) into the reserves to build sufficient funds for future years that will cover the costs of setting up a new church building when available.
Page 4 of 16
**The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
## **2.3 Key Objectives and Activities**
Summary of the objects of the charity:
- The object of the CIO is for the public benefit, the advancement of the Orthodox Christian religion by procuring the establishment of a parish or parishes of persons at Bath, Somerset or elsewhere and by promoting and encouraging a knowledge and understanding of the theology, spirituality, liturgical arts and life of the Orthodox Church among both Orthodox and non-orthodox Christians and the public at large.
Summary of the main activities in relation to these objects:
- The main activities are religious; education & training.
- The Parish provides care & counselling services, advocacy, advice and information.
- The main beneficiary groups include the general public/mankind, children and young people, the elderly and senior citizens.
- Bath, Somerset is our main geographical area of benefit, along with a worldwide presence through our international links and Parish web site.
## **2.4**
## **Achievements and Performance**
Summary of the main achievements of the charity during the year
(1) The parish provides a spiritual home, pastoral care and hospitality to a wide variety of people throughout the year, through its worship, its pastoral ministry, weekly shared meals and other events.
(2) Talks and teaching are given as requested to a wide range of groups including other Christian bodies, schools and associations.
(3) Due to the international nature of the city and university the Parish also provides a spiritual and social home for those from other countries including Ukraine, Cyprus, Greece, Russia and Romania.
(4) Members of the Parish take part in projects in Bath.
Page 5 of 16
**The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
## **2.5 Financial Review**
Brief statement of the charity’s policy on reserves
The trustees’, from the incorporation of the CIO in 2023, will accumulate the charity’s annual net resources to reserve funds for expenditure in future years. The purpose of the reserve is twofold:
- (a) To enable the eventual setting up of a new Church building and Parish meeting room, then subsequently,
- (b) To achieve the objectives in section 2.3
[Note that the charity does not have funds that are materially in deficit].
The charity’s principal sources of funds are:
- Covenant Gift Aid
- Other Donations
- Church Collections
- Bank Interest
Page 6 of 16
**The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
## **2024 - 2025 Financial Objectives**
The charity’s financial objectives at 31[st] March 2025 are:
## **General Fund**
**Incoming resources** – The Parish continues to grow new members and families. This has enabled our income to remain relatively stable despite the economic climate. New covenants are slowly being pledged and existing covenants are generally being increased to keep pace with inflation as result of appeals at our AGM.
**Expenditure** – Our place for regular worship is St. John`s Church, Bathwick, Bath. This is subject to an agreement with the Church of England, Consistory Court, through the Bathwick Benefice, to rent part of St. John of Bathwick.
Reserves and net assets were transferred from the Trust to the Charitable Incorporated Organisation (CIO) with effect from 1 October 2024 (see note in section 2.6).
General reserves at 31 March 2025 are currently in excess of £107,000.
**Building Fund** – The trustees will endeavour to increase the level of funding received each year towards a new Church building (of our own) through fund raising events, seeking sponsors and new, additional, donations.
## **2.6 Other Information**
A decision was made by the Trustees that the Charitable Trust should cease to operate from 30[th] September 2024 and, with effect from 1 October 2024, the Charity operated as a CIO.
The pursuit of a church building remains a prime focus for the Trustees and its Church Building Working Party during the forthcoming year. This will not be done, however, at the expense of the other works for which the parish has become respected.
Page 7 of 16
**The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
## **2.7 Declaration**
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
Date:
Page 8 of 16
**The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
**3. Part B – Financial Accounts for the period ended 31[st] March 2025**
## **3.1 Independent Examiner’s Report**
**Report to the Trustees of The Orthodox Parish of St John of Kronstadt on the Financial Accounts for the period ended 31 March 2025 as set out on pages 11 to 18.**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
## It is my responsibility to:
- Examine the accounts under section 145 of 2011 Act
- To follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act
- To state whether particular matters have come to my attention
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations for the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
In the course of my examination, no matter has come to my attention: hich gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that proper accounting records are kept (in accordance with section 130 of the Act) and that the accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act.
## Signature
Date:
OCL Accountancy, 141, Englishcombe Lane Bath, BA2 2EL
Page 9 of 16
**The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
## **3.2 Statement of Financial Activities (SoFA)**
|S01
S02
S03
S04
S05
**S06**
S07
S08
S09
S10
S11
S12
**S13**
S14
S15
S16
S17
S18
**S19**
S20
**S21**|**Incoming Resources**
**Incoming resources from generated funds**
Voluntary Income
Activities for generating funds
Investment Income
**Incoming resources from charitable**
**activities**
**Other income resources**
**Total incoming resources**
**Resources Expended**
**Cost of generating funds**
Cost of generating voluntary income
Fundraising trading costs
Investment management costs
**Charitable Activities**
**Governance Costs**
**Other resources expended**
Donations
Depreciation
**Total resources expended**
**Net Incoming resources before transfers**
**Gross transfers between funds**
**Net incoming resources before other**
**recognised gains**
**Other recognised gains/(losses)**
Gains & loss on revaluation of fixed assets
for charity own use
Gains & loss on assets
**Net movement in funds**
**Total funds transferred from Trust**
**at 1st October 2024**
**Total funds brought forward at 1st April**
**2024(Trust)**
**Total funds carried forward at 31st**
**March 2025**|**Unrestricted**
**(General)**
**Funds**
**Restricted**
**Income Funds**
**Total for**
**period**
**2024/25**
**Total for**
**period**
**2023/24**
**(Trust)**
30,398.76
-
30,398.76
46,515.18
-
-
-
-
689.94
1,129.43
1,819.37
5,164.75
2,508.86
-
2,508.86
2,973.47
-
-
-
35.71|
|---|---|---|
|||
**33,597.56**
**1,129.43**
**34,726.99**
**54,689.11**|
|||
-
-
-
-
3,972.16
-
3,972.16
5,909.78
30.00
-
30.00
92.25
13,509.02
-
13,509.02
34,899.55
1,350.00
-
1,350.00
3,054.00
1,323.80
-
1,323.80
4,240.00
6,391.80
-
6,391.80
(9,120.54)|
|||
**26,576.78**
**-**
**26,576.78**
**39,075.04 **|
|||
7,020.78
1,129.43
8,150.21
15,614.07
-
-
-
-|
|||7,020.78
1,129.43
8,150.21
15,614.07
-
-
-
-
-
-
-
9,739.06|
|||
**7,020.78**
**1,129.43**
**8,150.21**
**25,353.13**
100,966.78
90,685.06
191,651.84
166,298.71|
|||
**107,987.56**
**91,814.49**
**199,802.05**
**191,651.84**|
Page 10 of 16
## **The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
## **3.3 Balance Sheet**
|**Fixed Assets**
Tangible Assets
**Current Assets**
Deposits paid – St Johns
Debtors & Prepayments
Stock on hand
Cash at Bank & In Hand
**Current Liabilities**
Creditors & Accruals
**Net Current Assets**
**Net Assets**
**Funds of the charity**
Unrestricted - General Parish
Fund
Restricted - Alison Fund
Restricted - Building Fund
Restricted - Youth Group
Restricted - Appeal Fund
**Total Funds**|**Unrestricted**
**(General)**
**Funds**
**Restricted**
**Income**
**Funds**
**Total for**
**period**
**2024/25**
**Transferred**
**from Trust**
**30/09/2024**
**%**
**Current**
**Year**
**Variance**
**+/(-)**
**25,567.20**
**-**
**25,567.20**
**31,959.00**
(20%)
500.00
-
500.00
500.00
0%
-
-
-
1,401.26
(100%)
1,275.75
-
1,275.75
2,484.70
(49%)
84,491.39
91,814.49
176,305.88
157,224.66
12%
**86,267.14 91,814.49**
**178,081.63**
**161,610.62**
10%
**(3,846.78)**
**-**
**(3,846.78)**
**(1,917.78)**
(101%)
**82,420.36 91,814.49**
**174,234.85**
**159,692.84**
9%
**107,987.56 91,814.49**
**199,802.05**
**191,651.84**
4%
107,987.56
-
107,987.56
100,966.78
7%
-
364.19
364.19
364.19
0%
-
93,759.31
93,759.31
92,629.88
1%
-
(1,825.21)
(1,825.21)
(1,825.21)
0%
-
(483.80)
(483.80)
(483.80)
0%
**107,987.56**
**91,814.49**
**199,802.05**
**191,651.84**
4%
**8,150.21**
Increase (decrease) in funds
between 2023/24 and
2024/25|
|---|---|
Signed by two trustees on behalf of all trustees
Signature Print Name Date
Page 11 of 16
**The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
## **3.4 Notes to the Accounts**
## **Basis of Preparation & Accounting**
The accounts have been prepared on the accruals basis and income and expenditure as they are earned or incurred, rather than as cash is received or paid. This is in accordance with Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005).
There has been no change to the accounting polices (valuation rules and methods of accounting) since the transfer from the Trust.
## **Fund Accounting**
The charity’s unrestricted (general) funds consist of funds which the charity may use for its purpose at its own discretion. The charity’s restricted funds are those where the donor’s grants and other generated income (e.g. Gift Aid) have been specified for individual projects (see section 3.4.6).
## **Voluntary Income**
All voluntary income is included in income on receipt.
## **Fixed Assets**
Tangible fixed assets are written off at the rate of 20% on a reducing balance, which is estimated to cover the length of the assets’ useful lives.
All assets were revalued at the cessation of the Trust and transferred to the CIO at the revised value.
**3.4.1 Details of certain Items of Expenditure**
|**3.4.1**
**Details of certain Items of Expenditure**|||
|---|---|---|
|**Trustees Expenses**|**This Period**
**2024/25**|**Last Period**
**2023/24**
**(Trust)**|
|Number ofTrustees who werepaid expenses|-|-|
|Nature of Expenses|**(1) Part contribution to: council**
**tax, electricity, gas and water**
**bills for "Parish House”. (2) Part**
**contribution to "Parish House"**
**maintenance. (3) Telephone,**
**Travel & Subsistance as incurred**
**for Pastoral Care. (4) Postage,**
**Stationery, Photocopying. (5)**
**Communion wine, incense &**
**candles**||
|**Total Amount Paid**|**-**|**-**|
Page 12 of 16
**The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
**Fees Accrued for the independent examination of the accounts**
||**This Period**
**2024/25**|**Last Period**
**2023/24**
**(Trust)**|
|---|---|---|
|Independent Examiner's Accrued Fee for reporting on
the accounts|3,150.00|1,800.00|
|Other Fees|-|-|
## **3.4.2 Paid Employees**
|**3.4.2 Paid Employees**|||
|---|---|---|
|**Parish Priest Honorarium**|**This Period**
**2024/25**|**Last Period**
**2023/24**
**(Trust)**|
|Gross wages,salaries and benefits in kind|4,550.00|11,350.05|
|Employer's national insurance costs|-|-|
|Pension costs|-|-|
|**Total Staff Costs**|
**4,550.00**|**11,350.05**|
||||
|**Average number of full-time equivalent employees in**
**the year**|**This Period**
**2024/25**|**Last Period**
**2023/24**
**(Trust)**|
|Fundraising|-|-|
|Charitable Activities|-|-|
|Governance|-|-|
|Other(Parish Priest)|1|2|
|**Totals**|1|2|
Page 13 of 16
**The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
## **3.4.3 Tangible Fixed Assets Cost or Valuation**
|**Balance**
**transferred**
**from Trust**
**1st October**
**2024**
**Additions**
**Revaluations**
**Disposals**
**Balance**
**carried**
**forward at**
**31st March**
**2025**|**Freehold land**
**& buildings**|**Equipment &**
**Icons**|**Fixtures &**
**Fittings**|**Payments on**
**account and**
**assets under**
**construction**|**Totals**|
|---|---|---|---|---|---|
||-|12,159.00|19,800.00|-|31,959.00|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**12,159.00**|**19,800.00**|**-**|**31,959.00**|
## **Accumulated depreciation and impairment provisions**
|**Balance b/f**
**at 1st**
**October 2024**
**Depreciation**
**Charge**
**Impairment**
**Revaluations**
**Disposals**
**Balance**
**carried**
**forward at**
**31st March**
**2025**|**Freehold land**
**& buildings**|**Equipment &**
**Icons**|**Fixtures &**
**Fittings**|**Payments on**
**account and**
**assets under**
**construction**|**Totals**|
|---|---|---|---|---|---|
||-|-|-|-|-|
||-|2,431.80|3,960.00|-|6,391.80|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|
**2,431.80**|
**3,960.00**|**-**|**6,391.80**|
## **Net Book Value of Tangible Fixed Assets**
|**Balance**
**carried**
**forward at**
**31st March**
**2025**
**Balance**
**transferred**
**from Trust 1st**
**October 2024**|**Freehold**
**land &**
**buildings**
**-**
**-**|**Equipment &**
**Icons**|**Fixtures &**
**Fittings**|**Payments on**
**account and**
**assets under**
**construction**|**Totals**|
|---|---|---|---|---|---|
|||**9,727.20**|**15,840.00**|**-**|**25,567.20**|
|||**12,159.00**|**19,800.00**|**-**|**31,959.00**|
Page 14 of 16
**The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
## **3.4.4 Debtors & Prepayments**
|**Analysis of**
**Debtors**
**Trade Debtors**
**Deposits paid –**
**St Johns**
**Amounts due**
**from subsidiary &**
**assoc.**
**undertakings**
**Other debtors**
**Prepayments &**
**Accrued Income**
**Totals**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after more than**
**oneyear**|**Amounts falling due after more than**
**oneyear**|
|---|---|---|---|---|
||**This Period**|**Last Period**
**(Trust)**|**This Period**|**Last Period**
**(Trust)**|
||-|126.00|-|-|
||-|-|500.00|500.00|
||-|-|-|-|
||-|-|-|-|
||-|1,275.26|-|-|
||**-**|**1,401.26**|**500.00**|**500.00**|
## **3.4.5 Creditors & Accruals**
|**Analysis of**
**Creditors**
**Loans &**
**Overdrafts**
**Trade creditors**
**Amounts due to**
**subsidiary &**
**assoc.**
**undertakings**
**Other creditors**
**Accruals &**
**deferred income**
**Totals**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after more than**
**oneyear**|**Amounts falling due after more than**
**oneyear**|
|---|---|---|---|---|
||**This Period**|**Last Period**
**(Trust)**|**This Period**|**Last Period**
**(Trust)**|
||-|-|-|-|
||291.79|362.79|-|-|
||-|-|-|-|
||404.99|(245.01)|-|-|
||3,150.00|1,800.00|-|-|
||**3,846.78**|**1,917.78**|**-**|**-**|
Page 15 of 16
**The Orthodox Parish of St John of Kronstadt Financial Accounts for the Period ended 31 March 2025**
## **3.4.6 Endowment & Restricted Income Funds**
## **Funds Held**
|**Fund Name**|**Type **|**Purpose & Restrictions**|
|---|---|---|
|**Building Fund**|Restricted (R)|This fund is for accumulating money for the
eventual purchase or lease, renovation and
fitting out a new (future) church building &
meeting rooms. The fund income includes
restricted gift-aided covenants and donations,
together with monies from specific fundraising
events.|
|**Alison Fund**|Restricted (R)|Parish (and associated) members provide gift-
aided covenants and regular donations through
this fund for the specific purpose of partially
supporting the expenses of the Orthodox
Church & Parish of the Iveron Ikon of the
Mother of God in Alatyr, Russia, together with a
resident pastoral worker (Alison) in Alatyr - a
former member of the Bath parish.**Alison Fund**
**is closed, all money on the account will be**
**given to recipient or redirected to other**
**activities according to recipient wish.**|
|**Youth Group**|Restricted (R)|This fund is to support the expenses incurred
resulting from the activities of the Church
Youth Group. Income is from a specific gift-
aided donation. Decision was made to support
Youth Group and Sunday School with regular
paymentsfromgeneral donations.|
|**Appeals Fund**|Restricted (R)|This fund covers various gifts made by the
parishioners in response to appeals made the
Archdiocese to support their Churches in need
or in response to UK National disaster Appeals
etc.|
## **Movement of Restricted Funds**
|**Fund Names**|**Fund**
**Balances**
**Transferred**
**from Trust**|**Incoming**
**Resources**|**Outgoing**
**Resources**|**Transfers**|**Gains &**
**Losses**|**Fund**
**Balances**
**c/f at 31st**
**March 2025**|
|---|---|---|---|---|---|---|
|**Building Fund**|92,629.88|1,129.43|-|-|-|93,759.31|
|**Alison Fund**|364.19|-|-|-|-|364.19|
|**Youth Group**|(1,825.21)|-|-|-|-|(1,825.21)|
|**Appeals Fund**|(483.80)|-|-|-|-|(483.80)|
|**Total Funds**|**90,685.06**|**1,129.43**|**-**|**-**|**-**|**91,814.49**|
Page 16 of 16