Charity registration number
243715
Greek Orthodox Archdiocese
of Thyateira And Great Britain
Report and Audited Accounts
31 December 2023

Greek Orthodox Archdiocese of Thyateira And Great Britain
Report and accounts
Contents
Page
Charity informalion
Trustees, Annual report
Independent examiners, report
Statement of Financial Activities
2to6
7t08
Balance sheet
Cash flow statement
Notes to the accounts
12to19

Greek Orthodox Archdiocese of Thyateira And Great Britsin
Charity Information
Trustees
Archbishop Nikitas Lioulias
Mr A. P. Yerolemou
Mr C. S. Kavvadas
Mr M. Minaides
Mr G. Michael
Mr. D. Demetriou
Mr C. A. Karaolis
Mr L Lazari
Mrs. S. Dennis (Resigned on October 2023)
Mr. P. Demetri
Mr D. A. Liveras
Mrs S. E. Scoufarides
Mr A. D. Papageorgi (Resigned on 7 February 2024)
Mr G Papagiannopoulos
Mr S. M. Polemis (Deceased on 21 July 2024)
Mr N. Skinitis
Mr E. Embiricos
Mr Jason Theo George Charalambous
Mr C P Kleanthous
Mr A. Antoniou
Charity registration number
243715
Accountants
Nicholas Peters & Co Limited
2nd Floor
10-12 BoL*rlet Close
London
W1W 7BR
Solicitors
Nicholas & Co Solicitors Lld
10 Bourlel Close
London
W1W 7BR
Registered office
5 Craven Hill
London
W2 3EN

Greek Orthodox Archdiocese of Thyateira And Great Britain
Registered number:
243715
Trustees, Annual Report for the year ended 31 December 2023
The trustees have adopted the provision of the Slalemenl of Recommended Practice (SORPI ' Accounting and
Reporting by Charities" IFRS 102) in preparing the annual report and financial statement of the charity. The financial
statements have been prepared in accordance with the accounting policies set out in notes lo the accounts and
comply wilh the Gharity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance to the Financial
Reporting Standards applicable in the UK and Republic of Ireland published on 16 July 2014 (as amended by Update
Bulletin 1 published on 2 February 2016).
Trustees
The trustees who manage the charity are named on page 1.
Name, registered office and registration number of the charity
The full name of the charity is Greek Orthodox Archd10￿se of Thyateira And Great Britain.
The legal registration details are
The Registered Office is
Charity Registration Number
5 Craven Hill, London, W2 3EN
243715
Structure, governance and managernent
The Archdiocese of Thyateira and Great Britain Trusl is a public benefit entity and was established in 1952 with the
aim of supporting the Greek Orthodox Archdiocese of that name Ihereinafter 'the Archdiocese'} in the advancement
of its ideals. The Archdiocese itself was established in 1922.
The Charitable Trust is constituted by Trust Deed. Trustees are nominated by His Eminence Archbishop Nikitas
Lioulias and a committee of trustees appoints them. Training and induction for new Trustees is carried oul by the
existing members.
Day to day decisions within the Charity are made by the Archbishop and management team members. Key strategic
issues are considered and decided by the Trustees.
Administrative details
Thè freehold land at 5 Craven Hill, London, W2 3EN
The following proprietors hold the title..
Nikitas Lioulias, Constantinos-Athanasios Thèocharous. Antony Panayotis Anloniou and Dionysios Andres Liveras
The freehold land at 23 Trinily Road, London, N22 8LB
The following proprietors hold the title..
Archbishop Gregorios of Thyaleira and Great Britain (Deceased), Kypros Nicholas (Deceased), Michael Peraticos
{Deceased), Tryphon Kedros (Deceased), Athos Christodoulou, Ntinos L8ventis (Deceased)

Greek Orthodox Archdiocese of Thyateira And Great Britain
Registered number:
243715
Trustees, Annual Report for the year ended 31 December 2023
Objectives. activities and public benefit statement
These aims are.. the promotion of the Eastern Christian (or Greek) Orthodox faith and traditions in accordance with
Holy Scripture, as praclised in the life of the Church, as Gonfirmed by the Oecumenical and Local Councils, and as
interpréted and taught by the Great Church of Christ, the Oecumenical Patriarchate of Constantinople (to which the
Archdiocese is subject}; the establishment of churches and other places where Divine Worship may bè offered and
the conducting of such worship in accordance with the rites and ceremonies of the Eastern Orthodox Church,. the
reception into Orthodox Faith of those who, after due instruction, freely wish to adopt it and to live in accordance with
its spiritual and moral teaching,. the undertaking of philanthropic work for the benefit of those who need protection,
assistance and medical care, and providing for the welfare of the poor and for the burial of those Orthodox Christians
who pass away without financial means,. and the instruction of young people (and others} in the Greek language and
in the history and culture of the Greek- speaking lands through the provision of part - time schools.
In order to meet the needs of the Community at large, The Archdiocese supports 3 Foodbanks and offers
scholarships lo students. The Archdiocese supports and offers seminars against human trafficking and modern
slavery. The Archdiocese also offers retreats, seminars, book reviews, and other for the benefit of Ihe grater
community.
In addition the Archdiocese advocates the establishment of the day schools, in accordance with Ihe laws of the
country. Indeed, education - both religious and profane - is one of the main goals of the Apostolic See of Thyateira,
the territorial jurisdiction of which extends throughout thè British Isles. And, in furtherance of its objectives, it
publishes books and leaflels for the instruction and further education of its faithful and for the benefil of the public in
general.
To be able to accomplish the above, the charity pays emoluments for the Archbishop of Thyateira, the residence of
the Archbishop of Thyateira, pays for the travelling incurred for the discharge of his spiritual duties by the
Metropolitan of Thyaleira, pays the wages of the staff and other propèr expenses in conneGtion with the Archbishop
of Thyateira.
The truslees have had regard lo Charity Commission guidance on public benefit.

Greek Orthodox Archdiocese of Thyateira And Great Britain
Registered number:
243715
Trustees, Annual Report for the year ended 31 December 2023
Achievements and performance
During the year the Charity has continued to promote the Eastern Orthodox faith (aka Greek Orthodox). through new
programmes and measures. Some of these include online teaching sessions, Bible studies, seminars for the clergy in
the liturgical matters, the establishment of several new committees, and the establishment of an Office of Youth
Ministry and an Office for Ecumenical Relations. Along with the new measures and ministries. the Charity continued
to advocate for the establishment of day schools, continued programmes for better quality education. and
strengthened the existing school of Byzantine music. The Charity has also taken a more active role in the Sl.
Cyprian's School by coordinating the visits of clergy and other professionals, who can meet and reach out to the
diverse student and teacher population. The Charily and those associated with it have also introduced the use of
various languages into the liturgical services and social programmes with which they are associated. The Charity has
increased its support for the Food Banks and currently operates five Food Banks.
The Archdiocese has benefited from the strong support of the Greek Orthodox Community for many years. The
Trustees reco9nise that, in the past, there have been instances where there could be more transparency on the loans
and payments between church communities and the Archdiocese. Significant work has taken place in recent years to
strengthen financial controls and reporting in the Archdiocese to provide greater transparency and accountability. The
Trustees recognise that the strong intemal controls over the Archdiocese's finances protect its reputation and helps
to ensure that the best use is made for the donations received from the Community.
During the year, the Trustees have reviewed iwo transactions in prior years which have been of interesl lo the
Community- the first related to a loan made from the Greek Orthodox Community of St Athanasios Cambridge and
the second related to an insurance payment received.
Loan
In 2015, the Greek Orthodox Community of St Athanasios Cambridge lent the Greek Archdiocese of Thyaleira and
Great Britain. a total of £131.773 was outstanding as at 31 December 2015. This was accounted for as a creditor
within the 2015 accounts of the Archdiocese. On 20 November 2018, the Archdiocese repaid an amount of £30,000
and the remaining balance of £101,773 was included in the creditors shown in the 2018 financial statements.
In 2020, a further repayment of £50.000 was made, reducing the creditor balance to £51,773 which was included
within the creditors of the 2020 accounts.
In June 2021, a further repayment of £50,000 was made and the balance of £1,773 was donated to the Archdiocese
and recorded as income in the 2021 financial statements.
Insuran￿ Receipt
In November 2016, the Archdiocese's insurer made a payment of £40,903.74 to the Archdiocese in settlement of a
claim for Subsiden￿ on the Archdiocese's property at 5 Craven Hill, London. This money was included within the
summary of accounting records as donations and included in the 2016 financial statements as such. As they were
specified as donations they were not identified as anyihing but donations and included in unrestricted funds. The
Archdiocese did not utilise these or other funds to address the subsidence issues effecting the property. As a result,
Ihe Archdiocesè does not have any insurance coverage for the property at 5 Craven Hill for subsidence issuas. Since
that date no claims have been made with regard to this issue.

Greek Orthodox Archdiocese of Thyateira And Great Britain
Registered number:
243715
Trustees, Annual Report for the year ended 31 December 2023
Financial Review
The Trust's income is derived from periodic gifts, bequests and voluntary contributions, as well as from colleclions
taken up in the various churches and Communities thal recognise the spiritual authority of the Archdiocese, from fees
deriving from the performance of the rites of baptism and marriage in the churches of Ihe Archdiocese as well as
from other religious and associated activities. Otherwise the Archdiocese has no regular fixed source of incorne and
depends on the generosity of the faithful living in the United Kingdom.
Donations and Grants
Donations are made to individuals and organisalions. Requests for donations are reviewed by the Trustees and
approved by the Archbishop. Donations are made to support the wider Greek Orthodox Community, food banks,
scholarships and other charitable causes.
Grants can be awarded by the Archdiocese with specific condilions attached following approval by the Trustees.
Volunleers and the Greek Orthodox Community
The Archdiocese provides and receives support from churches within and outside the Archdiocese. There is also
significant support provided by volunteers to assist with the administration of the Charity and in support of ils
activities.
Fundratsing standards
The Charity carries out fundraising for both general activities and specific causes. All communication with potential
donors is open and transparent regarding the purpose for and use of the donation. The Charity ensures all
fundraising activities are legal. The Charity continues to be grateful for the support of all of its donors.
Investment powers
Investments such as bank deposits and investment properties are considered.
Future developments
The trustees intend to continue with the activities Carried oul with a view to generating sufficient future income lo
meet the objects of the Charity.
Reserve policy
The trustees have examined the requirement for free reserves which are those unrestricted funds not invested in
fixed assets, designated for specific purposes or otherwise restricted.
The policy of the trustees is lo continue to maintain unrestricted reserves at a reasonable level to fulfil the objects of
the Charity. The Charity should have minimum reserves of 6 months worth of expenditure. The trustees review the
financial position of the Charity regularly to ensure adequate funds are available to meet the Charity's obligation.
The trustees believe that tha trust's assets are available and adequato to fulfil the church's obligations.
The lotsl restricted funds brought forward was £25,863, collected during the year £35,469 and spent £61,332 leaving
a nil balance at year end. The unrestricted funds were £3,749,800 as at 31 December 2023.
The free reserves as of 31 December 2023 were £1,476,376 {2022.' £654,681).
Risk management
The truslees actively review the risks the charity faces on a regular basis and believe that maintaining our free
reserves at the levels stated above, combined with our annual review of controls over key financial systems Garried
out through an internal audit programme, will provide sufficient resources in the evenl of adverse conditions. The
trustees have also examined other operational risks whiGh we face and confirm that they have established syslams to
mitigate the sufficient risks.

Greek Orthodox Archdiocese of Thyateira And Great Britain
Registered number:
Trustees, Annual Report for the year ended 31 December 2023
Trustees, Responsibilities
Trustees are responsible for preparing the Annual Report and financial statements in accordance with
applicable law and UK Accounting Standards (UK GAAPI, including FRS102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland}. The Law applicable to Charities in England and
Wales requires the Trustees to prepare financial slatements for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resources of the
Charity for that period. In preparing those financial statements the Trustees are required to
select suitable accounting policies and then apply them consistently.,
make judgernents and estimates that are reasonable and prudent.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charity will continue in business.,
state whether applicable accounling standards and statements of recommended practice have been
followed , subject to any material departures disclosed and explained in the financial statements.,
observe the methods and principles in the Charity Stalement of Recommended Practice 'Accounting
Reporting by Charities,
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the Charity's transactions and disclose with reasonable accuracy at any time the finanGial posilion of
the Charity and enable them lo ensure that the financial statements comply with the Charities Act 2011 and
the Charity (Accounts and Reports Regulations 2008}. They are also responsible for safeguarding the assets
of the charity and hence for taking reasonable steps for the prevention and delection of fraud and other
irregularities.
The trustees are also responsible for the contents of the trustees, report. and the responsibility of the
auditors in relation to the trustees, report is lifnited to examining the report and ensuring that. on the face of
the report, there are no inconsistencies with the figures disclosed in the financial statements.
Statement of disclosure of information to auditor
So far as the Trustees are aware there is no relevant audit information of which Charity's auditor is
unaware. The Trustees have taken all steps that they believe they ought to have taken to make themselves
aware of any relevant audit information and to establish that the Charity's auditor is aware of that information.
This report was approved and signed on behalf of the board on LP
Archbishop Nikitas Lioulias
Trustee
Demetrios Demetriou
Trustee

Greek Orthodox Archdiocese of Thyateira And Great Britaln
Independent auditors. report
to the trustees of Greek Orthodox Archdiocese of Thyateira And Great Britain
Opinion
We have audited the financial statements of Greek Orthodox Archdiocese of Thyateira And Great Britain for the
year ended 31 December 2023 which comprise of Ihe Statement of Financial Aclivities, the Balance Sheet and
the related notes.The financial reporting framework thal has been applied in their preparation is applicable law
and United Kingdom Accounting Standards, including the Financial Reporting Standard 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted
Accounting Practice}.
In our opinion the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 December 2023. and of its incoming
resources and application of resources. including its income and expenditure. for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.
including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic
of Ireland" and
have been prepared in acGordance wilh the requirements of the Charities Act 2011.
Basls for opinion
We conducted our audit in accordance with International Standards on Auditing {UKI IISAS (UK}} and applicable law. Our
responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial
statements section of our report. We are independent of the charity in accordance with the ethical requirements that are
relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our
olher ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate lo provide a basis for our opinion.
oncluslons relating to going concern
In auditing the financial slalements, we have concluded that the trustees, vse of the going concern basis of accounting in the
preparation of the financial slalements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that.
individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of al
least twelve months from when the financial statements are aulhorised for issue.
Our responsibilities and Ihe responsibilities of the Iruslees with respect lo going con￿rn are described in the relevant
sections of this report.
Other Informatlon
The other information comprises the information included in the trustees, annual report, other than the financial slalemenls
and our auditorfs report thereon. The trustees are responsible for the other information. Our opinion on the financial
statements does not cover the other information and, except lo the extent otherwise explicitly slated in our ￿pOrt, we do not
express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing so,
consider whether the other infomiation is materially inconsistent with the financial slalements or our knowledge obtained in
the course of the audit or otherwise appears lo be materially misstated. If we identify such material inconsistencies or
apparent material misstalemenls, we are required lo determine whether this give5 rise to a material misstatement in the
financial slalements themselves. If. based on the work we have performed, we conclude that there is a material misstatement
of this information. we are required lo report that fact.
We have nothing lo report in this regard.
Matter$ on whlch we are required to report by exception
Under the Charities {Accounls and Reports) Regulations 2008 we are reuired lo report in respect of the following matters if.
in our opinion..
.the information given in the financial statements is inconsistent in any material respect with the Trustees, Report,. or
•8dequale accounting records have not been kept.. or
.the financial statements are not in agreement with the accounting records and returns., or
rtain disclosures of trustees, remuneration specified by law are not made., or
*we have not received all the information and explanations we require for our audit.

Responsibilities of trustees
As described in the Statement of Trustees, Responsibilities on page 4 the Charity's trustees are responsible for
the preparation of the financial statements which give a true and fair view, and for such internal control as the
trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial slatements, the trustees are responsible for assessing the charitable company's ability
to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditor responsibilities for the audlt of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made of having efect thereunder.
Our objectives are to obtain reasonable assurance aboul whelher the financial statements are free from material
misstatemenl, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducled in accordance
with ISAS {UKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
Irregularilies, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below..
We gained an understanding of the legal and regulatory framework applicab5e to the charity and considered the
risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. We designed
audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to
fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate conGealment
by, for example, forgery or intentional misrepresentations, or through collusion. We focussed on laws and
regulations which could give rise to a material misstatement in the financial statements, including, but not limited
to, the Charities Act 2011. Our tesls included agreeing the financial statement disclosures to underlying
supporting documenlation, enquiries with management and review of correspondence with legal counsel, where
applicable. There are inherenl limitations in the audit procedures described above and, the further removed non-
compliance with laws and regulations is from the events and Iransactions reflected in the financial statements, the
less likely we would become aware of il. We did not identify any key audit matters relating to irregularities,
including frasjd. As in all our audits, we also addressed the risk of management override of internal controls,
including testing journals and evaluating whether there was evidence of bias by the Trustees that represented a
risk of material misstatement due to fraud.
A further descriplion of our responsibilities is available on the FRC'S website at
hltps:IMw.frc.org.uklauditorsresponsibilities. This description foms part of our auditor's report.
Use of our report
This report is made solely to the trustees, as a body. in accordance with section 144 of the Charities Act 2011 and the
regulations made under section 154 of the Act. Our audit work has been undertaken so that we might stale lo the trustees
those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted
by law, we do not accept or assume liability to anyone other than the charity and the Iruslees as a body, for our audit work, for
this report or for the opinions we have formed.
Andrew Georgiades
Nicholas Peters & Co Ltd
Senior Statutory Auditor
28 October 2024
2nd Floor
10-12 Bourlet Close
W1W 78R

Greek Orthodox Archdiocese of Thyateira And Great Britaln
Statement of Financial Activities
for the year ended 31 December 2023
RESTRICTED UNRESTRICTED
FUNDS
FUNDS
2023
2023
TOTAL
FUNDS
2023
TOTAL
FUNDS
2022
Notes
Income and endowments from:
Donations and legacies
Charitable activities
other activities
Investments income
35,469
1,566.430
120,804
193.099
49,532
1,601,899
120,804
193,099
49,532
1,142,582
335,578
56.361
34,816
Total
1,929,865
1,965,334
1,569,337
Expenditure on:
Raising funds
Charitable activities
29,968
1,384,204
29,968
1,445,536
37,650
1,177,961
61,332
Total
1,414,172
1,475,504
1,215,611
Net incomel(expenditure)
(25.863)
515,693
489,830
353,726
Other recognised gainsl(losses):
Other gainsl{lossesl
35,000
35.000
Net movements in funds
(25,863)
550,693
524,830
353,726
Reconciliation of funds
Total funds brought forward
25,863
3,199.107
3,224,970
2,871,244
Total funds carried forward
3,749,800
3,749,800
3,224,970
The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended
Practice for Accounting and Reporting issued by the Charity Commission for England & Wales and is reconciled to the
total funds as shown in the Balance Sheet on page 10 as required by the said statement.
All actlvities derive from Gontlnuing operations

Greek Orthodox Archdiocese of Thyateira And Great Britain
Balance Sheet
as at 31 December 2023
Notes
2023
2022
Fixed assets
Tangible assets
Investments
2,139,424
234,000
2,373,424
2,146,289
424,000
2,570,289
Current assets
Debtors
Cash at bank and in hand
13
498,702
987,461
1,486,163
94,771
567.710
662,481
Creditors: amounts falling due
within one year
14
{9.787)
(7,800)
Net current assets
1,476,376
654,681
Total assets less current
liabilities
3,849,800
3,224,970
Creditors: amounts falling due
after more than one year
{100,000)
Net assets
3,749,800
3,224,970
Funds:
Restricted funds
Unrestricted funds
Total funds
25,863
3,199,107
3,224,970
3.749,800
3,749,800
The financial statement were approved and authorised on behalf of the board on-
Signed on behalf of the board 28 October 2024
Archbishop Nikitas Lioulias
Trustee
Demetrios Demetriou
Trustee
10

Greek Orthodox Archdiocese of Thyateira And Great Britain
Cash Flow Statement
For the year ended 31 December 2023
2023
2022
Cash generated from operations
Net movement in funds for the reporting period
Reconciliation to cash generated from operations:
Depreciation
Profit on disposal of tangible fixed assets
Increase in debtors
Increase in creditors
524,830
353,726
6,865
(35,000)
(403,931)
1,987
13,700
(71,381)
5,220
301,265
Application of cash
Proceeds from sale of tangible fixed assets
Purchase of tangible fixed assets
225,000
(200,888)
(200,888)
225,000
Loans taken out in the period
100,000
Net increase in cash
Cash at bank and in hand less overdrafts at 1 January
Cash at bank and in hand less overdrafts at 31 December
419,751
567,710
987,461
100,377
467,333
567,710

Greek Orthodox Archdiocese of Thyateira And Great Britain
Notes to the Accounts
for the year ended 31 December 2023
Accounting policies
1 1.1 Basis of preparation
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in
accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102} published in 2019. The financial statements also comply with the Charities Acl 2011 and the Charities
(Accounts and Reports} Regulations) 2008.
The address of the registered office is given in the charity information on page 1 of these financial stalemenls. The nature
of thè charity's operations and principal activities are as set out in tha Trustees, annual report on page 2 of these financial
statements.
The financial statements are prepared on a going concern basis under the historical cost convontion, modified lo include
certain items at fair value. The Trustees have. at the lime of approving the financial statements, a reasonable expectation
that the Charity has adequate resources to Continue in operational existence for the foreseeable future. The Trustees have
considered other risks to the Charity and they are confident that their current reserves and expected future income will
support the Charity for the foreseeable future. The Trustees regularly review the incoming and outgoing resources, risks
and reserves of the Charity. If incoming resources are less than expected, the Charity will reduce its outgoings accordingly.
Thus there are no material uncertainties relating to going concern and they continue to adopt the going concern basis of
accounting in preparing the financial statements.The financial slatements are presented in sterling which is the functional
currency of the charity and are not rounded.
The significant accounting policies applied in the preparation of these financial statemènts are set out below. These
policies have been consistenlly applied to all years presented unless otherwise stated.
1.2 Recognition of incoming resources
These are included in the Statement of Financial Activities {SoFA} 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 suffiGient reliability.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If ther8
are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then
income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity
and it is probable that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value when their economic
benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on Ihe
basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market
for such facilities and services. A corresponding amount is recognised in expenditure. Donated assets will be valued and
recorded as tangible assets in the appropriate asset category.
Investment income is earned through holding assels for investment purposes e.g shares and property. 11 includes
dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme
with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can bé
measured reliably. Interest income is recognised using the effective interesl method.
12

Greek Orthodox Archdiocese of Thyateira And Great Britain
Notes to the Accounts
for the year ended 31 December 2023
1.3 Recognition of liabilities
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs
related lo the category. Expenditure is recognised where Ihere is a legal or constructive obligation to make payments to
third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
Support costs are those that assist the work of the Gharity but do nol directly represent charitable activities and include
office costs, governance costs, sundry administrative costs. They are incurred directly in support of expenditure on the
objects of the charity and include project management carried out at Headquarters. Where support Gosts cannot be directly
attribuled to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities
on a basis consistent with use of the resources. Premises overheads have been allocated on accrual basis and other
overheads have been allocated according to the nature of the expenditures basis.
1.4 Debtors and creditors receivable/payable within one year
Debtors and creditors wilh no stated interest rate and receivable or payable within one year are recorded at transaction
price. Any losses arising from impairment are recognised in expenditure.
1.5 Fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off the assets over their estimated useful economic
life less ils residual value.
Freehold land and buildings
Divine utensils
Fixtures, fittings & equipment
Motor vehicle
Plant and machinery
25% reducing balancè
25 % straight line
10°/o Straight line
Depreciation is not charged on Land and Buildings as the assets are mntinuously mainlained and refurbished.
1.6 Structure of funds
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the
trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and
capital investment.
Restricted funds have beèn provided to the charity for particular purposes, and it is the policy of the board of trustees to
carefully the monitor the application of those funds in accordance with the restrictions placed upon them. The aim and use
of each restricted fund is set out in the notes to the financial statements.
On completion of any restricled project funds, any funds not used are transferred to unreslricled funds for the use on Ihe
charity's general objects.
Any other proposed transfer belween funds would be considered on the particular circumstances.

Greek Orthodox Archdiocese of Thyateira And Great Britain
Notes to the Accounts
for the year ended 31 December 2023
1. 7 Financial Instruments
The Charity has elected to adopt Sections 11 and 12 of FRS 102 in respect of the recognition, measurement, and
disclosure of financial instruments. Financial assets and liabilities are recognised when the Charity becomes party to the
contractual provision of the instrument and they are classified according to the substance of the contractual arrangements
entered into. All of the Charitie's financial instruments are classified as 'basic' in accordance with section 11 of FRS102. A
financial asset and a financial liability are offsel only when there is a legally enforceable right to sel off the recognised
amounts and an intention either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets
Basic financial assets include trade and other receivables. cash and cash equivalents, and inveslmenls in commercial
paper (i.e. deposits and bonds). These assets are initially recognised al transaction price unless the arrangement
constitutes a financing transaction, where the transaction is measured at the present value of the future reoeipls
discounted at a markel rate of interest. Such assets are subsequently carried at amortised cost using the effective interest
rate method. Financial assets are assessed for indicators of irnpairment at each reporting date. If there is objectiv&
evidence of impairment, an impairment loss is recognised in the statement of comprehensive income.
For financial assets carried al amortised cost the impairmont loss is the difference between the carrying amount of the
asset and the present value of the estimated future cash flows, discounted al the asset's original effective interest rate.
Other financial assets, including investments in equity instruments which are not subsidiaries, associates, or joint ventures
are initially measured al fair value. which is typically the transaction price. These assets are subsequently carried at fair
value and changes in fair value at Ihe reporting date are recognised in the slalemenl of comprehensive income. Where the
investment in equity instruments are not publicly traded and where the fair valuè cannot be reliably measured the assets
are measured al cost less impairment.
Financial assets are de reoognised when the contractual rights to the cash flows from the asset expire or are settled or
substantially all of the risks and rewards of the ownership of the asset are transferred to another party.
Financial liabilities
Basic financial liabilities include trade and other payables, bank loans, and intra group loans. These liabililies are initially
recognised at transaclion price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured al the present value of the future payments discounted at a market rate of interest. Debt inslruments are
subsequently Garried at amortised cost using the effective interest rate method.
Fees paid on tha establishmenl of loan facilities are recognised as transaction costs of the loan to the extent that it is
probable that some or all of the facility will be drawn down.
Trade payables are obligations to pay for goods and serVI￿S that have been acquired in the ordinary course of business
from suppliers. Accounts payab5e are classified as current liabilities if payment is due within one year or less. If not, they
are presented as non current liabililies. Trade payables are recognised initially at transaction price and subsequently
measured at amortised cosl using the effective interest rate method.
Financial liabilities are de recognised when the liability is discharged, cancelled, or expires.
14

Greek Orthodox Archdiocese of Thyateira And Great Britain
Notes to the Accounts
for the year ended 31 December 2023
1.8 Investment pmpertles
Investment property is stated at market cost which according to the truslees reflect the fair value al the reporting date.
No depreciation is provided in respect of properties which are classified as investment properties. Such properties are held
to earn rentals or for capital appreciation and the trustees consider that to depreciate them would not give a true and fair
view.
1.9 Judgement and key sources of estimation uncertainty
No judgements {apart from those involving estimates} have been made in the process of applying the above accounting
policies that have had the most significant effect on amounts recognised in the financial statements.
No kèy assumptions concerning the future and other key sources of estimation uncertainty at the reporting dale that havè a
significant risk of causing a material adjuslment to the carrying amounts of assets and liabilities within th8 next financial
year.
1.10 Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material
uncertainlies exist. The trustees have considered the level of funds held and the expected level of income and expenditure
for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the
level of reserves for the charity to be able to continue as a going Goncern.
1. Iq Taxation
As a registered charity, the organisalion is exempt from income and corporation tax to the extent that its income and gains
are applicable to charitable purposes only. Value Added Tax is not recoverable by the charity, and is therefore included in
the rèlevant costs in the SOFA.

Greek Orthodox Archdiocese of Thyateira And Great Britain
Notes to the Accounts
for the year ended 31 December 2023
2 Donations and lega¢ies
2023
2022
Donations and legacies
Gift aid
Restricted donations
1,505,064
61.366
35,469
1,601,899
1,049,063
44,960
48,559
1,142,582
3 Charltable activities
2023
2022
Weddings & Baptisms
Ecclesiastical court
Centennial Banquet
Patriarchate
Funeral Certificates
94,610
5,000
118,135
5.400
177,070
16,566
18,407
335,578
3,580
17,614
120,804
4 Other activities
2023
2022
Insurance claims
Gain on investment property
Calendars & Herald
177,331
35,000
15.768
228,099
2,361
54,000
5 Income from investments
2023
2022
Rent
Interest
32,000
17.532
33,710
1,106
6 Statement that no expenses were patd to trustees or connected persons
No expenses were paid lo Irustees or persons connecled with them.
7 Trustees, and key management personnel remuneration and expenses
Archbishop Nikilas Lioulias received a remuneration of £75,000 {2022'. £75,000) and he was the only trustee who received
remuneration.
8 Expenditure on raising funds
2023
2022
Calendars & Herald
29,968
37,650
16

Greek Orthodox Archdiocese of Thyatelra And Great Britain
Notes to the Accounts
for the year ended 31 December 2023
9 Expenditure on charitable activities
2023
2022
Wages and salaries
Employer's Nl
Pensions
Archbishop's office and Archbishop's House
Travel and subsistence
Rates
Catering & hospilality
Cleaning
Printing, poslage and stationery
Bank charges
Donations
Donation restricted
Depreciation
Insurance
Ecumenical Patriarchate
Light and heat
Management fees
Repairs and maintenance
Rent
Telephone and fax
Accountancy fees
Audit fees
Legal and professional costs
241,538
18,511
4,113
205,854
15,545
3.174
8,000
93,906
10.099
167,537
7,754
32,747
488
205,558
40,125
13.700
18,253
142,635
22,996
3,333
164,920
81,585
5.817
66,978
7,283
49,187
618
428,101
61,333
6,865
21,328
94,031
25,644
4,068
294,776
2,767
3,603
3,000
4,800
19.590
1,445,536
2,722
2,904
5,160
10.551
1,177,961
10 Auditor fees
Audit fees amounting to £4,800 (2022: £5,160) were charged during the year. Accountancy services were also provided
during the year.
17

Greek Orthodox Archdiocese of Thyateira And Great Britain
Notes to the Accounts
for the year ended 31 December 2023
11 Tangible fixed assets
Freehold
land and
buildings
Fixtures,fittings,
plant &
machinery
Motor
vehicles
Divine utensils
Total
Cost
At 1 January 2023
Disposals
At 31 Décember 2023
2,535,442
{190,0001
2,345.442
16,967
92,380
24.080
2,668,869
(190.0001
2,478,869
92,380
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
74,500
6,865
24,080
98,580
6,865
105.445
24.080
Net book value
At 31 December 2023
At 31 December 2022
2,345,442
2.535,442
16.967
16,967
11,015
17,880
2,373,424
2,570,289
As the property at 5 Craven Hill is held at cost value, there is a material difference be￿een its carrying value and its
current market value. The land and buildings include a donated property which is subjecl to a covenant that cannot be
practically complied with by the Charity. Discussions with the donor will be sought which will result in the removal of the
covenant or the return of the property to Ihe donor. The property is currently held at a nil value until the situation can be
clarified. The above table includes the investment properties in note 12.
12 Investments
2023
2022
Cosl
At 1 January 2023
Additions
Disposals
At 31 December 2023
424,000
234,000
190,000
(190,000)
234,000
424,000
The investment compromised of one investment property which the trustees have valued as at 31 December 2023 and
believe the cost shown above reflects the fair value as at the reporting date.
13 Debtors
2023
2022
Other debtors
498,702
94,771
14 Creditors: amounts falling due within one year
2023
2022
Other creditors
9,787
7,800
15 Creditors: amounts falling due after one year
2023
2022
Loans
100,000
18

Greek Orthodox Archdiocese of Thyateira And Great Britain
Notes to the Accounts
for the year ended 31 December 2023
16 Movement of restricted funds
Christos Lazari
Archdiocese
Earthquakes Chapel
Total
restricted
funds
2023
Total
restricted
funds
2022
Ukraine Relief
Brought forward
25,000
863
25,863
17,429
Received during the year
35,469
35.469
48,559
Paid out during the year
(35,469)
125,0001
{863)
(61,332}
(40,125)
Movements be￿een funds
Balance as at 31 December 2023
25,863
During the year the Archdiocese recèived restricted fund donations for victims of the Earthquake amounting to £35,469
which were fully distributed in the year 2023. The remaining amount of Ukraine Relief was distributed for victims of the war.
The remaining Chapel funds were used during the year for its reconstruction. Therè is no restricted funds remaining at year
ended.
17 Related party transaction
There are over 200 ohurches, Greek schools and other Greek Orthodox Communities entities with the Archdiocesa. The
Archdiocese provides donations lo several of these entities and also receivèd support from them.
The charity donated £94,031 to the Ecumenical Patriarchate during the year.
The Charity received a total of £44,420 from 8 Truslees.
19