Charity registration number IZ074Z4 IEDgland and Wal￿)
CONVENT OF THE ANNUNCIATION
ANNUAL REPORT AND UNAIFDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

CONVENT OF THE ANNUNCIATION
LEGAL AND ADMIf41STRATIVE INFORMATION
Tru5tetS
Mrs Tatiana James
Right ReverendAdrian Baird
A Spyroglou
G A Turcu
R¢v¢rend T Ra50phore
IAppointed 5 ApTiI 20251
Charity registr¥tion
England and w￿e8
1207424
Pritttipxl #ddress
CIO St. Edwards Brotherhood
Cemetery Pales
Brookwood
Woking
GU24 OBL
Indepelldent exAmiDer
Daryen Hardin8ACA FCCA DChA
Richard Place Dobson Service5 Limited
Ground Floot
1-7 Station Road
Crawley
West Sussex
RHIO IHT

CONVENT OF THE ANNUNCIATION
CONTENTS
Pagc
Trustccs, report
Independent examiner'5 report
Statcment of financial actiYiti¢s
814n¢e sheet
Noies to the finatt¢iai statements
6-10

CONVENT OF THE ANNUNCIATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The Trust￿5 present their aT￿Val r¢port and financial statements for the year ended 31 December 2025.
The fjnancial statetnents have been prepared in accordance ivith th¢ accounting FoliGi¢s set out in note I to th¢ financial
statements and comply with the charity's goveming dorumeni, lh¢ Charilies Act 2011, FRS 102 The Financial RepDrting
Standatd applicable in the UK and Republic of Ireland" and Ihe Chariti¢s SORP "Accounting and RepDrtinE by ChaTlties'.
Staternent of Recominended Practice 3pplicable to charities preparing their accDunts in accoTdance with lh¢ Financial Reporting
St3ndatd applicable in the UK and Republic of Ireland (FRS 102)"
Objectivts attd activitie5
To advance suGh general charitsblt purposes in connection with the Christian Orthodox re]i8ion as the trustees shall in their
discretion think fit.
The Charity was founded for the purpose of spiritual suP￿rt for Christian Orthodox people; fortifying and 5trenEthening them
in iheir faiih. those who are ignor3Tht of their Christian faith. those who have fallen away or are indifferent to it. Ai the S￿De
time providing Spiritual support to others needing help
Pvblic benefii
The Trustees have paid due reg8Td 10 guidance i55u¢d by the Charity Corntnission in d¢ciding what actLVities the charity should
undertake.
Achiewtmtnts and perform#n¢e
Sigpuficanl ttciiviiies ond Gchievemgnis agaipL¥I objeclives
During the year, the CIO received a transfer of investments from the a550ciated irust a5 Part trf the Irust¢e5' long-ienn plan5 to
transfer the activiiie5 a55ets of the irust 10 the CIO. Thc e5tablishmerti of the CIO is intended to provide the principal
ch8Jitable vehicle through which the charity's objectives will be pursud in the fuiure.
The iransfer of investrnents, 3rn0unting to £839,101, repr￿ented the PTincipal activity of the Charity during the year and
provid¢5 a financial foundation from whtch the CIO cap furth￿ its charitabl¢ purposes in futur¢ periods.
No other incotn¢ was Teceived during the year. Expenditure w&q limited io Professional fee5 associated with the pr¢paration of
the fjnancial stat¢m¢nts and the independent examination.
The ttustees remain committed to compl¢ting the transition of the charitable activities and assets of the L%sociated trust to the
CIO and will continue to review th¢ rllost appropri&e arrangements for achieving this Obje￿1ve.
FiD2ncial review
Nel incoming resources for the year toialled £880,23712024.. £nil l a5 shown on the stat¢rnent of financial activities on page 4
of the accounts.
Resgryespoliry
The trustees recognise the importance of rnaintaining ad¢quate reserves to support the charity'5 Dngoing activities and futur¢
tommiiments. Al thE year end, the ¢harity'8 reserves w¢r¢ represented PTirnarily by (he investtnent asscts transferred from ilie
aggociaied trust. The tttjstees will continue io review the charity's re5erve5 policy as the transition of activities 10 the CIO
pro8TtsSeS.
Irivesimehipoliry
The charity's investnient5 are held io provide long-ierm financial support for the achieYem¢ni of it5 chaTitable objectives.
Durtng the year, iDvestmenis were received from ihe a550¢iated Irusi as part of the planned tran31tion 10 the CIO.
A fL￿d man2ger has been instructed to ¢nsuTe that invesim¢nts are prof￿810n￿l1Y tnanaged, to protert capital and io rnaximise
return. All investments ar¢ stated ai market vaJu¢ Bt the ba]anc¢ Sheet date.
Plan5 for fu￿re periods
The trustee8 iniend to continue the proce55 of transferring the charirablc operations, aciivities and remaining assets of the
as50Ci&ted trust to the CIO. Following cornpl¢tion of thi5 Irallsltiort, the CIO will continue io advance the Christian Orthodox
faith through the promotion and suprrfjrt of religious, educational 3nd pastoral activiti¢5 for the public benefit.
pag# I

CONVENT OF THE ANNUNCIATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Structure> goverttallte atsd ttLauagcrnent
The charity is a public benefit entity registered with the Chariry Commis$iotk [￿der ¢Fwtty numb¢r: 1207424 and govcmed by a
CIO Foundation Constitution
The Tnjstees who served during the y¢2r and up w th¢ dat¢ of$i￿JatUr¢ ofthc firwJGiai statctnents were..
Mrs TatI￿a James
Right Reverend Adrian Btird
A Spyrogiou
G A Turcu
Reverend Tli&%ophore
(Apwittted 5ApriL ?0251
Re¢ruifment L7hdi¥polMimÉfv7t ofirzL¥iée$
Apart from the first Charity Trustecs, every tr￿ must k apwlllt￿ by a resolution PEssed at aprop¢rly ¢onv¢ned Tn¢¢ting of
the Ciwity frusrees.
In stleciing individuals for appointment as Charity Trustees. the Charity Trnstees m￿st have reg8rd to the sltills, knowledge 4Ad
expcTicnce nccdcd for the cffEclive adtninistraiian of the CIO.
Orga￿1$&110￿aI s(rtsciure
Th¢ Tru5t¢es hav¢ a55e55¢d the major risks to which the chariry is expose￿ ortd ar¢ satisfied that systems a￿ in pts¢e to
mitig￿e exposure to the m?ior risks.
The trustccs, rcport was approvcd by thc Board of Tru8tccs.
Mrs TallW￿rajnt5
Datc..
page 2

CONVENT OF THE ANNUNCIATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CONVENT OF THE ANNUNCIATION
I reportto the TTu8￿¢s on my ¢x3mination of th¢ financial staleM￿ts of Convent of th¢ A[￿UnCIation (the charity) for the year
tnded 31 D¢c¢tnber 2025.
Responsibilities *thd basis of report
As the Trustees of the charity you ￿¢ resronsible for the preparaiion of the financial stateTnents in accoTdance wilh the
requirements of the Charities Act 2011.
I report in r¢sp¢ct of Tny examination of the charity's financial siaiements c￿Tled out undcr section 145 of the Charities Aci
2011. In carrying out my examination I have followed the DiT¢Ctions given by the Charity Commission under section 14515llb}
of th¢ ChaTiiie8Act 2011.
Illdependent examiller's statement
Since the charity's gr055 income exceeded £250,000. the independent tsxamineT must be a member of a body listed ID $ection
145 of the Charitje5 Act 2011. I confirm that I am qualified to undertake ihe exarnination because l 3m a membcr of ICAEW.
wluch ts one of the listed bodies.
Your atteniion 15 drawn to the fact that the chaTily has prepared the fin3nci81 ￿&t¢￿¢￿t5 in accordance with the relevant version
of the Staiement of Recommended Practice applicable to charities preparing their financial siaiements accordance with the
Financi￿ Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and
Reportin8 by Charitie5'. Statement of Recomtnended PractlC¢ Issued on l April 2005 which is r¢f¢rr¢d to in the cxtant
reEulations but has now been withdrawn. l understand that this has been done in ordtT for the fI￿claI 513temenis to provide a
true and fair view in accordance wilh UK G¢￿e[￿lY Accepted Accounting Prartic¢.
I have complet¢d my oxamitution. l GonfJTtn thai no matt¢r5 have come io my attention in connection with the exanJination
giving me cau5¢ to believe thai in wjy rnaterial respect..
accounting reeords wer¢ not kept ID respect of the chgTity as required by sertion 130 of the ChaTities Aci 2011.
the fin8nCi81 siatements do not accord wath those records", or
th¢ financial statements do not cotnply with the applicable requtrement8 conceming the form content of financial
slat¢ment5 $ei out in the Charities IAccouni8 and R¢portsl Regulaiioiis 2008 other than any Tequirement thar the financial
8iatetnetJts give a true and fair view, which 18 noi a tnatt¢r considered a5 PaJt of an independent exarnination.
I have no conceTn5 and have come across no otheT matters in connection wilh ihe eX&Tninziion to which attention should be
drawn in this report in order to enable a proper undetstanding of th¢ fI[￿l¢JaI siatcments to be reached.
Darren HardingACA FCCA DChA
Richard Plate Dobson Services Litnited
Ground Floor
1-7 Station RvAd
Crawley
Wesi Sussex
RHIO IHT
Dat¢..
page 3

COIYVENT OF THE ANNUNCIATION
STATEMENT OF FINANCIALACTIVITIES
(INCLUDING INcOl￿tEA1¥D EXPEI¥DITURE ACCOUNT)
FOJI THE YEAR ENDED 31 DECEMBER 2025
UDrtstiict¢d Unresirltted
funds
ftsnd$
2025
2024
Not
LhtomÈ from:
Donations and legaries
839.101
TotaI illtome
839.101
Expendi￿re on:
Chwitable activitie5
1,020
Totsl expendI￿re
1,02Q
N¢t gains on inv¢5tmcnts
42,156
N¢t in¢om¢ and mov¢m¢n¢ ID funds
880,237
Reeoll¢iliation of funds".
Fund balanc￿ at l January 2025
Fund bAIances at 31 December2Q25
880,237
The statement of financial acuvitics Includ￿ all gains amd loss￿ ttco8nis¢d in the ycar. All i1￿0m¢ and ¢xpcndiNrc dcrivc
frotn ¢ontfftuirt8 activities.
page 4

CONVENT OF THE ANNUNCIATION
BALANCE SHEET
ASA T31 DECEMBER 2025
2025
2024
Note5
Fixed a55ets
Investments
li
881,257
Current assets
Crtditors: amounts fAlliDg due within otte
year
12
{1,0201
current liabilities
11.0201
Tot￿1 *$sets less eurrEnt liabilities
880.237
The funds of the th*rity
UnTestricted funds
13
880,237
880,237
The fmancial statements w¢re approved by the Trustees on .
amt
ptge 5

CONVENT OF THE ANNUNCIATION
NOTES TO THE FINANCIAL STATEMEprrs
FOR THE YE4R ENDED 31 DECEMBER 2025
Aeeounting polici¢s
Charity illformatiou
Convcnt of thcARnuncÈation 15 a public b￿efit entity incorporated in England and Wal￿. The registered otyice is CIO St.
Edwards BToth¢rho¢￿￿ Cemetery Pales. Brookwood, Wokits& GU24, GU24 OBL
1.1 Basis of preparatioo
The financial statemenrs h&ve been prepared in accordance with the charity's gov¢ming do¢umenL the ch￿l￿¢S Act
2011, FRS 102'Th¢ Financial KeportÉng Stamd9rd applicabl¢ in ihe UK and Republit of Ir¢land and the Ch￿111¢5 SORP
A¢¢ounting aJ]d R¢tK>rting by Ch￿ltIeS.. Statemellt of Recommended Prac(icc 4)plicable (o chtritie5 pr¢paritLg their
a¢¢ounts a¢¢ordan¢¢ with the F)rw￿JaI Reporting sts￿d￿d applicable itt the UK atsd Republic of Ire12nd (FR$ 1021
The charity is a Public Bettefit Etttity as defined by FRS 102.
The chgJity FLa5 taken adv￿tage of the provisio￿8 in th¢ SORP for Charities not to prcpate a statement of cash flows.
Th¢ financial $tatem¢nts hav¢ departed from th¢ Ch2riiies (Awiunts and R¢portsl R¢gulation$ 2008 only to the cxtcnt
required to provide a tnLe and fair view. This departLtre has ittvolved following the Stat¢m¢nt of R¢wtnrnend¢d Practic¢
for clMTities applying FRS 102 rather thart the version of the Statement of Recommetsded Pra¢ti¢¢ whith i5 r¢f¢rrd io in
tht Regulations but H,hich has sincc btttt withdr8wn.
Th¢ finan¢iai stat¢m¢tts are pr¢par¢d in srerlLll8. whi¢h is th¢ fi￿ctiOnal ¢wrtncy of th¢ Gharity. Mon¢tary ajnounts in
th¢5¢ fiTwi¢ial $tat¢m¢nts ar¢ Tound¢d to th¢ n¢ar¢st£.
The fln9lljcl￿ statetnents have bcen prepared under the historical ¢ost conve￿tIoN. Imodified tts include the revaluation of
freehold prop¢nie8 and to include investment protKnies 8nd certarn fi[1￿1¢i#l in5trLWrt¢nts at fair value]. The principal
a￿unting policies adopted are set out below.
1.2 Golng totheer
At the (ime of approving the financial statemerlts. the Trustres hav¢ a r¢asonable exp¢tstAOn that th¢ ch￿lty has
adequat¢ re80urces to continu¢ in operational existence for the forc5ecable future. Thus the Trustees ￿ntinue to adopt the
going concem basis of accounting in prq)ariELg the fin9￿cial statements.
13 Cbaritable fund5
Unrestrjctcd fund8 are availabl¢ for use at th¢ di$¢r¢tion of th¢ Trustees in fvrtheratkce of thetr charitable objethive5.
IA Income
Incolne is recoEnised when the charity is legally ¢ntitlcd to it aft￿ ￿Y p￿fOrma￿¢e ¢onditions have been the
amouttts tan be mc&sured rcliably. and it is probable that income b¢ r¢¢¢ived.
Cash donatian5 are recognisd on receipt. OthBr donations ar¢ r¢￿8￿]sed once th¢ charÉry h&$ been notified of the
donation. unless perforniance rA)ndilions TequLrc dtfeTra] of thc amount.
1.5 Exptndlture
Expenditure is r¢cognss¢d ortce there is a legal or constructive oblÉgation to transf¢r econoEni¢ b¢n¢fit to a third porty, it 13
probable thai a transfer of ewnomic bcnefits will bc required in settlemen( and th¢ atThount of the obligation cat) be
m¢asured reliably.
Expcnditurc is classifLed by activity- The ¢osts of each activity art made up of the total of direct Wsts and shar¢d ¢osts.
in¢luding support COsL8 involved in widertaking each aaivity. Direct costs attributable to a single artivity aT¢ allwaied
dirwily to that a¢iivity. Shared costs which corjtribute to tnore than ont act(vity and support Costs whi¢h ￿t not
atttibut8blc to a singje activity are apportioned beThve¢n those aGtivitie5 on a basis ronsi$t¢nt with ihe use of resources.
C¢ntral staff cos15 allocated on the basis of time spent, depreciation ch*g¢s aT¢ ￿l0¢at¢d on the Jx)nion of the
ass¢i's use.
psge 6

CONVENT OF THE ANNUNCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting polieie5
ICoDtinutd}
1.6 Fixed %$stt investments
Fixed assei invE5tmEnts are iniiially tneastsred at transaction price excluding tranSa￿lOn cost$. and are 5ub5equenily
measured at fair value at each reporting date. Changes in fair Y￿lle arc recognised in net incornellexpendiiurel for the
year. Transaction costs are expensed a5 incurred.
1.7 Cash and t*sh equivalents
Cash and cash equivalentg Include cash in hand, deposit5 held ai ¢a]I with bank5, other short-ierm liquid invesimenls ivith
original matUTities of three month5 or less. and bank overdraft5. Bank overdraft5 are shown within b)rTowings in current
1.8 Finathci*l illstruments
The charity ha5 elected to apply th¢ Provisio￿ of Section I I 'Basic Financi31 Instrument5, and Section 12 '0ther
Fil￿)c1a[ Instruments l$$ue8' of FRS 102 to ail of its fjnancl￿ instruments.
Financial instrufflents aTe reco￿lS¢d Li) th¢ ¢h2rity'5 balance Sheet when ihe ch￿lty becomes party to the contractual
PTovisions of th¢ instrLllnent.
BasicfmancEal a55et5
B￿1¢ financial assets, which include debtors and cash and bank balances. are initially measured at transaction price
iDcluding tiansaction costs gnd are subsequcnily carried al amortised cost u5in8 the effective inierest method unless th¢
atrangement constitutes a financing transaction, wheTe the iransaction 15 tneasuTed ￿ th¢ present value of Ihe futUTe
receipis discounied at a market rate of inier¢5t. Financ2al ￿8¢1$ classifjed as receivable wiihin one year are not amort15ed.
BtssicfiNthNciol liabilities
Basic financi￿ liabilities. including creditors and bank loans are irtiiially r¢cognis¢d at transaction price unless the
arrangetnent constitutes a ftnancing transaction. where the debt instrumeni is measured at the present value of the future
payments discounied ai a market rate of intcrest. Financial liabilities classifjed as payable within one year are noi
atnorti5¢d.
1.9 Taxation
As a Ch￿lty, the con￿egation is not 5ubje¢t to ¢oryoration or other taxes on income and ghins arising frorn its
tharitable objectives. Tax refundable on investsnent income is accounted for in the year in which the repayment is
received.
Critical accounting e5tiTh4tes judgement5
In the application of the charity's aCco￿ni1nB polici¢5, the Trustees ar¢ required tts make judgein¢nt5, estimares and
3SSUrnPtiOll3 knut the carrying amount of ￿$t15 and liabilit2es that ate not readily apparetil fiom other sources. The
estimate5 a￿d a550ciated assunJptlOll5 ar¢ based on hisioric81 cxperience and other factOT5 that are considered to be
relevant. Actu￿ re5uIt5 tnay ditfer from ihese estimates.
The e51imaie5 and underlying assumption5 are revieived on an ongoing b￿1$. Revision5 to accounting estimates are
rece￿iSed in the period in which ihe ¢stimate is revised where the revision affecis only that period, Dr in th¢ period of
the revision 9nd future Fwiods where the revision affects both curr¢nt and future periods.
Kéy sourees of estimation unttrtainty
Investment Value
Valuation of invesllnents at maTk¢t value, based on c￿CUlation by the investment fund manager. The investments held
all Sh￿¢$ liS￿d on a recogtjised stoGk exchange and hav¢ Jn easily idenlifiable Tnarket va]ue.
page 7

CONVENT OF THE ANNIiNCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YE4R ENDED 31 DECEMBER 2025
Ibtomt from donations *nd legacies
Unrestrieted
fuJLds
Unre5tri¢ttd
fllnd5
2024
2025
Donations 2nd gifts
839,101
EXPe￿dIt￿￿ on ¢haritgbl¢ activiti
Charitsble
Activities
2025
Direct costs
Share of support and goverllsllcè tosts (sÈt note Sl
Govemartc¢
1.020
Analysis by fund
Unrestricttd fijnds
1,020
Support costs #lloeated tts attiviti¢5
2025
2024
Govcrnance LX)Sts
1,020
ADgtys¢d b¢hv¢¢n:
Ch4tiiableA¢tiviti¢s
1,020
Ntt mov¢rn¢nt iry fuTEds
2025
2024
The net movement in fjJnds is stated after charwtylcreditingl..
Pces payablc for the independent ax￿nI￿a￿0ft of the tharity's f￿an¢t81 statcmcnts
1,020
Trn5t¢¢s
None of the frustees (or any ￿rsonS connected wÉth them) receiv¢d any remuneration or benefits frotn the charity during
the year.
psge 8

CONVENT OF THE ANNUNCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
E]nployets
The averag¢ tnonthly number of employ¢¢s during the year was..
2025
Number
2024
Number
Gaitts losse5 011 Ilhvestments
UDre5tricted Unre5tritted
funds
fund5
2025
2024
Gainslllosse51 arising on..
Revaluation of fftvesunenis
42,156
10 T*xatLOD
The charity is exetnpt from t&Kation on it5 activities becaus¢ all its incom¢ 15 applied for charitable pur￿5¢5.
li
Fixed itsvestments
Listed
iDvestmellts
Cost orv#luAtioD
At l January 2025
Additions
Valuation changes
839,101
42,156
At 31 DeGeThber 2025
881,257
Carrying amouttt
At 31 Decetnbei 2025
881,257
At 31 December 2024
page 9

CONVENT OF THE ANIYUNCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YE4R EIVDED 31 DECEMBER 2025
li
Ffftxed y$5et investmeknts
(Cotttin￿Cd)
Historical cost
At 31 Dec&nber 2025.. £817.047
Inv¢51￿¢t1ts that had a value of Sty/o or mtsic of the mtheL vaEu¢ h¢ld at year end are..
UK (GOVT OF) 0.25ts/o 3 IIQ712031 GBPIOOO.. £87.693
ROYAL LONDON STF.RLING CREDIT Z INC: £75,919
VANGUARD tNVEsfMENT SERtES UK INV GiL4DE BOND.. £66,141
UK {GOVT OF) 0.875/0 31107P033 GBPIOOQ- £60,619
UK (Govf OF) 0.5/0 31101120?9 GBPIOOO-. £60,5! 1
ISHARES S TIPS UCITS BTF GBP HEDGED INC.. £59,971
Cf UK EQTY INCOME L GBP DIS.. £58,109
O FL4MBRO CAPMGT UK EQ INC M GBPDIS.. £49.051
LEGAL & GENELIL SHORT DATED GBP CORP BOND.. £49.019
VONTOBEL FUND TWENTYfouR ABST RETURN CREDIT: £48,386
UK IGOVT OF) 0.375Y. 2211012030 GBPIOOO.- £47.788
12 Creditors: amounts falliDg due within one year
2025
2024
Accruals and def¢tred inwtne
1,020
13
Unr¢strr¢t¢d funds
The Unr￿tricted funds ofthe tharity comprise the unexpendtd balances of donations and grdnts which a￿ not subj¢ct to
specific conditiorts by donors and oJarttotS ￿ lo how they may be used. Thes¢ include designatrd funds which have bc¢n
set aside out of unrestri¢t¢d funds by lh¢ tru￿¢¢$ for 5pecLfic purrrf)ses.
At l January
2025
Illtvrnillg
r¢sourr¢s
Resources
expeudtd
Gal￿5 andAt 31 December
losse5
2025
G¢neTaJ funds
839,101
(l.Q20)
42,156
880,237
14 RÈlated pArty transactiots$
During the ye￿, the CIO received a transfcr of tnvestments with a Tnark¢t valuc of £839.101 from Chrimion Orthodox
Convent of thcAnnunciation, a charity established with ch¥ritable obj*tlV¢5 similar to those of th¢ CIO.
The CIO attd the ChaTity ar¢ considered related parties ￿ two trusie¢s Nfrs Tltiana James & Th¢ Right RevereTLd Adrian
Baird served Concurrently for or88nisations duting the year. The trustees COAcern¢d did not receive any
rernuneration in relation to the transactton and declar¢d their in1¢r￿ts in accordance wttb the CIO'S ¢onflict of ittterest
policy.
Atthe Ye￿ en4 there were no outstanding balances betwegn the CIO attd th¢ Charity in respect of thLS trans2ction.
pag¢ 10