Charity registration number
243715
Greek Orthodox Archdiocese
of Thyateira And Great Britain
Report and Audited Accounts
31 December 2024

Greek Orthodox Archdiocese of Thyateira And Great Britain
Report and accounts
Contents
Page
Charity information
Trustees, Annual report
Independent examiners, report
Statement of Financial Activities
2to5
6t07
Balance sheet
Cash flow statement
10
Notes to the accounts
11to18

Greek Orthodox Archdiocese of Thyateira And Great Britain
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
Mr L. Loizou (Appointed on 25 March 2025)
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 J. T. G Charalambous
Mr C. P. Kleanthous
Mr A. Antoniou
Charity registration number
243715
Accountants
Nicholas Peters & Co Limited
2nd Floor
10-12 Bourlet Close
London
W1W 7BR
Solicitors
Nicholas & Co Solicitors Ltd
10 Bourlet 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 2024
The trustees have adopted the provision of the Statement of Recommended Practice ISORPI ' Accounting and
Reporting by Charttie5" IFRS 1021 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 to the
accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting
by Charities.. Statement of Recommended Pfactice applicable to charities preparing their accounts in accordance lo
the Financial Reporting Standards applicable in the UK and Republic of Ireland published on 16 JLtly 2014 {as
amended by Update Bulletin 1 published on 2 February 20361.
Trustees
The Iruslees who manage the Charity are named on page 1.
Name. registered office and registration number of the Charity
The full name of the charrty is Greek Orthodox Archdiocese of Thyateira And Great Britain.
The legal registration detsils are
The Registered Office is
Charity Registration Number
5 Craven Hill. London. W2 3EN
243715
Structure, governance and management
The Archdiocese of Thyateira and Great Brltain Trust is a public benefit entity and was established in 1952 with the
aim of supporting the Greek Orthodox Archdiocese of that name Ihereinafter 'lhe Archdiocese'l in the advancement
of ils ideals. The Archdiocese itself was established in 1922.
The Charitable Trust is constituted by Trust Deed. Tru51ees are nominated by His Eminenee Archbishop Nikilas
Lioulias and a committee of trustees appoints them. Training and induction for new Truslges is carried out by the
existing members.
Day lo 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
The freehold land at 5 Craven Hill, London, W2 3EN
The following proprietors hold the title..
Nikilas Lioulias, Conslantinos-Alhanasios Theocharous. Antony Panayotis Anloniou and Dionysios Andres Liveras
The freehold land at 23 Trinity Road, London, N22 8LB
The following proprietors hold the tille..
Archbishop Gregorios of Thyaleira and Great Britain {Deceasedl. Kypros Nicholas IDeceasedl, Michael Peraticos
(Deceasedl, Tryphon Kedros (Deceased), Athos Christodoulou, Nlinos Levenlis (Deceased}

Greek Orthodox Archdiocese of Thyateira And Great Britain
Registered number:
243715
Trustees, Annual Report for the year ended 31 December 2024
Objectives, activitles and publlc boneflt statement
These aims are". the promotion of the Eastern Christian (or Greek) Orthodox faith and traditions in accordance with
Holy ScriptL*re, as practised in the life of the Church, as confirmed by the Oecumenical and Local Councils. and as
interpreted 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 be 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 lo adopt it and to live in accordance
with its spiritual and moral teaching," tre 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 lo meet Ihe needs of the Community at large. The Archdiocese supports 5 Foodbanks and offers
scholarships to students as well as gives financial support to several local charities. The Archdiocese supports and
offers seminars against human Irafficking and modern slavery. The Archdiocese also offers retreats, seminars,
book reviews, and other for the benefit of the grater community. This past year, the Archdiocese organised
programrneslseminars to help people deal with stress,depression and other Challenges.
In addition the Archdiocese advocates the establishment of the day schools. in accordance with the laws of the
country. Indeed. education - both religious and profane - is one of the main goals of the Apostolic See of Thyateira,
the territorial jurisdiclion of which exiends Ihroughout the British Isles. And, in furtherance of its objectives, it
publishes books and leaflets for the instruction and further education of its faithful and for th8 benefit 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 Thyateira, pays the wages of the staff and other proper expenses in connection with the Archbishop
of Thvateira.
Achlevemenls and performance
During the year the Charity has continued to promote the Eastem 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 Relats'ons. Along with the new measures and ministries. the Charity
continued tr) advocate for the establishment of day schools, continLsed programmes for b8ttgr 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 Charity and Ihose associated with it have also introduced the use of
various languages into Ihe lilurgical services and social programmes with which they are associated. The Charity
has increased its support for the Food Banks.
The Archdiocese has benefited from the strong support of the Greek Orthodox Community for many years. The
Trustees recognise that, in the past, there have been instances where there could be more transparency on the
loans and payments between church communilies 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 thal the strong internal 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.
The Archdiocese has instructed the clergy, parish wardens and all the responsible parties of the following..
All clergy must have DBS safeguarding clearance.
Any or all monies senureceived must be done by cheque or bank Iransfer so all financial records show
transparency and accountability.

Greek Orthodox Archdiocese of Thyateira And Great Britain
Registered number:
243715
Trustees, Annual Report for the year ended 31 December 2024
Financial Review
The Trusvs income is derived Irom periodic gifts. bequests and voltjntary contributions, as well as from collections
taken up in the various churches and Communities that recognise the spiritual authority of the Archd10￿Se, from
fees deriving from the performance of the riles of baptism and marriage in the churches of the Archdiocese as well
as from other religious and associated activities. OtheD￿lSe the Archdiocese has no regular fixed source of income
and depends on the generosity of the faithful living in the United Kingdom.
During the year. the Archdiocese has loaned the Ecclesiastical and Theological Seminary of the Archdiocese of
Thyleira and Great Britain £81,501 12023". Nil) for repairs to properties owned by the Ecclesiastical Seminary. In
respect of other loans lo the Archdiocese, £60,00012023.' Nil) was held at the year end on behalf of the Association
of Greek Communities. These funds will be returned as soon as their new bank account will be opened. The
Archdiocese has also been loaned £100,00012023". £100,000) by the St. Nicholas Trust.
Donations and Grants
Donations are made lo individuals and organi5ations. 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 charrtable causes.
Grants can be awarded by the Archdiocese with specific conditions attached following approval by the Twstees.
Volunteers and the Greek Orthodox Cornmunity
The Archdiocese provides and ￿ceIVeS stjpport from churches wrthin and outside the Archdiocese. There is 8150
significant support provided by volunteers lo assist with the administration of the Charity and in support of its
activities.
Fundraising standards
The Charity carries out fundraising for both general activities and specific causes. All wmmunication wrth 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 ils donors.
Investment powers
Investments such as bank deposits and investment properties are considered.
Future developments
The trustees intend lo continue with the activities carried out with a view to generating sufficient future income lo
meet the objects of the Charity.
The Trustees of the Ecclesiastical and Theological Seminary of the Archdiocese of Thyteira and Great Britain plan
to merge their charity with the Archdioeese. Trustees from both organisations are taking the necessary actions to
proceed with the merger.
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 reslricled.
The policy of the trustees is to continue to maintain unrestricted reserves al a reasonable level to fulfil the objects of
the Charity. The Charity should have minimum reserves of 6 months worth of expenditure. The Iruslees review the
financial position of the Charity regularly to ensure adequate funds are available lo meet the Charity's obligation.
The trustees believe that the trust's assets are available and adequate to fulfil the chur¢h'$ obligations.
The was no reslricled funds received and paid during the year. The unreslricled funds were £3.666,963
{2024'.£3,749.8001.
Risk management
The Iruslees actively review the risks the charity faces on a regular basis and believe that maintaining our free
reserves al the levels slated above, combined with our annual review of controls over key financial systems carried
out through an internal audit programme, will provide sufficient resources in the event of adverse conditions. The
Iruslees have also examined other operational risks which we fa￿ and confirm that they have established systems
to miligale the sufficient risks.

Greek Orthodox Archdiocese of Thyateira And Great Britain
Registered number:
Trustees, Annual Report for the year ended 31 December 2024
Trustses, Responsibilities
Trustees are responsible for preparing the Annual Report and financial statements in accordance with
applicable law and UK Accounting Standards (UK GAAP), 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 statements 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 finanGial statemenls the Trustees are required to
select SLlltable accounting policies and then apply them conslstently.,
make judgements and estimates that are reasonable and prudent.,
prepare Ihe financial statements on the going con￿rn basis unless it is inappropriate to presume that
the charity will continue in business.,
state whether applicable accounting standards and statements of recommended practi￿ have been
followed subject to any material departures disclosed and explained in the financial statements.,
observe the methods and principles in the Charity Statement of Recommended Practice 'Accounting
Reporting by Charities,
The trustees are responsible for keeping adequate accounling records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the
Charity and enable them to ensure that the financial statements comply with the Charilies Act 2011 and the
Charity {Accounts and Reports Regulations 2008). They are also responsible for safeguarding the assets of
the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other
irregularities.
The trustees are also responsible for the contents of the trustees, report, and the responsibiSity of the auditors
in relation to the trustees, report is limited to examining the report and ensuring that, on the fa￿ of the report,
there are no inconsistencies wilh 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.
s report was approved and signed on behalf of the board on
Archbishop Nikitas Lioulias
Trustee
Demetrios Dem8triou
Trustee

Greek Orthodox Archdiocese of Thyateira And Great Britsin
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 Thyaleira And Great Britain for the
year ended 31 December 2024 which comprise of the Statement of Financial Activities, the Balance Sheet and the
related notes.The financial reporting framework that has been applied in their preparation is applicable law and
United Kingdom Accounting Slandards, including the Financial Reporting Standard 102 "The Financial Reporting
Slandard applicable in the UK and RepLsblic of Ireland" {United Kingdom Generally Accepted Accounting
Practi￿}.
In our opinion the financial statements..
give a true and fair view of the state of the Gharity'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 AC￿pted Accounting Practice,
including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republi
of Ireland"; and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis tor opinion
We conducled our audit in accordance with International Standards on Auditing IUKI IISAS IUKI} and applicable law. Our
spon5ibililies under those standards are further described in the auditor responsibilities for the audit of the financial
slalemenls section of our report. We are independent of the charity in accordan￿ with the ethical requirements that are
relevant to our audit of the financial slalemenls in the UK. including the FRC'S Ethical Stsndard, and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concem
In auditing the financial slalemenls. we have concluded that the trustees, use of the going concern basis of accounting in the
preparation of the financial statements Is 8ppropriate.
Based on the work we have performed. we have not identified any material un￿rtainlieS relating to events or conditions that,
individua51y or collectively, may cast significant doubt on the charity's ability lo continue as a going concern for a period of al
least bNelve months from when the financial statements are aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant sections
of this report.
Other information
The other inftsrmalion comprises the information included in the trustees, annual report, other than the financial stslemenls
and our auditor's report Ihereon. The trustees are responsible for the other information. Our opinion on the financial
statements does not eover the other information and, except to the extent otherwise explicitly staled in our report, 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 information 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 nTrisslatemenls, we are required lo determine whether this gives rise to a material misstatement in the financial
slalemenls themselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of this
infomialion, we are required to report that fact.
We have nothing lo report in this ￿gard.
Matters on which we are required to report by exeeption
Under the Charities (Accounts and Reports) Regulations 2008 we are reuired lo report in respect of the following mallers if, in
our opinion..
•lhe information given in the finanual slalements is inconsislenl in any material respect with the Trustees, Report., or
*adequale accounting records have not been kept., or
•lhe financial statements are not in agreement with the accounting records and returns., 01
*certain 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 statements, 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 altemabve but to do so.
Auditor responsibilities for the audit of the financial ststements
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 about whether the financial statements are free from material
misstatement, whether due lo 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 conducted in accordance with ISAS
{UK) will always detect a material misstatement when it exists. Misstatements can arise ffom 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.
Irregularities, 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 irregularilies, including fraud is
detailed below..
We gained an understanding of the legal and regulatory framework applicable to the charity and considered the
risk of acts by the charity thal were contrary to applicable laws and regulations, including fraud. We designed audit
procedures to respond to the risk. recogni5ing that the risk of not detecting a material misstatement due lo fraud is
higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment 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 tests induded agreeing the financial statement disclosures to underlying supporting
documentation, enquiries with management and review of correspondence with legal counsel, where applicable.
There are inherent limitations in the aL¢dit procedures described above and, the further removed non-compliance
with laws ar)d regulations is from the events and transactions reflected in the financial statements, the less likely
we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud.
As in all our audits, we also addressed the risk of management override of internal controls, including testing
journals and evaluating whelher there was evidence of bias by the Trustees that represented a risk of material
misstatement due to fraud.
A further description of our responsibilities is available on the FRC'S website at
https'.Ilwww.frc.org.ukJauditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely lo 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 slate to the Iruslees
those mallers we are required to slate lo 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 lo anyone other than the charity and the trustees as 8 body. for our audit work, for
this report or for the opinions we have formed.
bj 'LJ-
Andrew Georgiades
Nicholas Peters & Co Ltd
Senior Statutory Auditor
2nd Floor
10-12 Bourlet Closè
W1W 7BR

Greek Orthodox Archdiocese of Thyateira And Great Britain
ststement of Financial Activities
for the year ended 31 December 2024
RESTRICTED UNRESTRICTED
FUNDS
FUNDS
2024
2024
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Other activities
Inveslments income
935,681
122,120
12,184
57,664
935,681
122,120
12,184
57,664
1,601,899
120,804
193,099
49,532
Total
1,127,649
1,127,649
1,965,334
Expenditure on:
Raising funds
Charitable activities
10,908
1,865,578
10,908
1,865,578
29,968
1,445,536
Total
1,876,486
1,876,486
1,475,504
Net incomel(expenditure)
(748,837)
(748,837)
489,830
other recognised gainsl{losses):
other gainsl(losses)
666,000
666,000
35,000
Net movements in funds
(82.837)
(82,837)
524,830
Reconciliation of funds
Total funds brought forward
3,749,800
3.749,800
3,224,970
Total funds carried forward
3,666,963
3,666.963
3,749,800
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 activitles derive from continuing operations

Greek Orthodox Archdiocese of Thyateira And Great Britain
Balance Sheet
as at 31 December 2024
Notes
2024
2023
Fixed assets
Tangible assets
Investments
2,133,906
900,000
3,033,906
2,139,424
234,000
2,373,424
Current assets
Debtors
Cash at bank and in hand
12
149,590
659,630
809,220
498,702
987,461
1,486,163
Creditors: amounts falling due
within one year
13
(76,1631
{9,787)
Net current assets
733,057
1,476,376
Total assets less Cur￿nt
liabilities
3,766,963
3,849,800
Creditors: amounts falling due
after more than one year
14
(100,000)
(100,000)
Net assets
3,666.963
3,749,800
Funds:
Unrestricted funds
Total funds
3,666,963
3,666,963
3,749,800
3,749,800
The financial statement were approved and authorised on behalf of the board on..
ed on behalf of the board
Archbishop Nikitas Lioulias
Trustee
Demetrios Demetriou
Trustee

Greek Orthodox Archdiocese of Thyateira And Great Britain
Cash Flow Statement
For the year ended 31 December 2024
2024
2023
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
Decreasellincrease) in debtors
Revaluation gain
Increase in creditors
(82,836)
524,830
5,518
6,865
{35,0001
(403,9311
349,110
(666,OOOJ
66,377
(327,831}
1,987
94,751
Application of cash
Proceeds from sale of tangible fixed assets
225,000
225,000
Loans taken out in the period
100.000
Net (decrease)lincrease in cash
Cash at bank and in hand less overdrafts at 1 January
Cash at bank and in hand less overdrafts at 31 December
{327,831)
987,461
659,630
419,751
567.710
987,461
10

Greek Orthodox Archdiocese of Thyateira And Great Britain
Notes to the A¢¢ounts
for the year ended 31 December 2024
Accounting policies
1 1.1 Basis of preparation
The charity constilules a public benefit enlity 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
prepartng their accounts in accordance wilh the Financial Reporting Standard applicable in Ihe UK and Republic of
Ireland (FRS 102) published in 2019. The financial slatemenls also comply with the Charities Act 2011 and the Charities
(Accounts and Reports) Regulalionsl 2008.
The address of the registered Offi￿ is given in the charity information on page 1 of these financial statements. The nature
of the charilvs operations and principal activities are as set oul in the Trustees, annual report on page 2 of these financial
statements.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include
rtain items al fair value. The Trustees have, al the lime of approving the financial slatemenls, a reasonable expectation
that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees
have considered other risks lo the Charity and Ihey are confident that their currenl reserves and expected future income
will support the Charity for the foreseeable future. The Trustees regulady review Ihe incoming and outgoing resources,
risks and reserves of the Charity. If incomin9 resources are less than expected, the Charity will reduce its outgoings
accordingly. Thus there are no material uncertainties relating to going con￿r￿ and they continue lo adopt the going
con￿rn basis of accounting in preparing ihe financial stalements.The financial slatemenls are presenled 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 statements are set out below. These
policies have been consistently applied to all years presented unless otherwise slated.
1.2 Recognition of incoming resources
These are included in the Statement of Financial Aclivilies {SoFA) when..
the charity becomes entitled to the resources.,
the Iruslees are virtually certain they will receive the resources- and
the monetary value can be measured with sufficient reliability.
For donations lo be recognised Ihe charity will have been notified of Ihe amounts and the settlement date in writing. If
there are conditions attached to the donation and this requires a level of performance before entillemenl can be obtained
then income is deferred unlil those conditions are fully met or Ihe fulfilment of those conditions is within the control of the
charity and il is probable that they will be fulfilled.
Donated facilsties and donated professional seNices are recognised in income al their fair value when their economic
benefil is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the
basis of the value of the gift to the charity. For example the amount the charily would be willing to pay in the open market
for such facilities and setvices. 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 assets for investment purposes e.g shares and property. It 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 nel of these costs. It is included when the amount can be
measured reliably. Interest income is recognised using the effective interest method.

Greek Orthodox Archdiocese of Thyateira And Great Britain
Notes to the Accounts
for the year ended 31 December 2024
7.3 Recognition of liabilities
All expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all costs
relaled to the category. Expenditure is recognised where there is a legal or conslructive 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 cosls are those that assist the work of the charity but do not directly represent charitable activities and include
office cosls, govefnance costs, SLAndry 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 costs cannot be
directly attributed to particular headin9S they have been allocaled to cost of raising funds and expendilure 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 Ihe nature of the expenditures basis.
1.4 Debtors and creditors receivablpjpayable within one year
Deblors and creditors with no slated interest rale and receivable or payable within one year are recorded al Iransaction
price. Any losses arising from impairment are recognised in expenditure.
1.5 Fixed assets and depreciation
Depreciation is provided al the following annual rates in order to write off the assets over their estimated useful economic
life less its residual value.
Freehold land and buildings
Divine utensils
Fixtures, fittings & equipment
Motor vehicle
Plant and machinery
250/0 reducing balance
250/0 Straight line
10 % straight line
Deprecialion is nol charged on Land and Buildings as the assets are continuously maintained and refurbished.
1.6 Structure of funds
The charily maintains a general unrestricted fund which represents fvnds which are expendable at the discretion of the
truslees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and
capital inveslmenl.
Restricted funds have been provided lo 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 reslrictions placed upon Ihem. The aim and use
of each reslricled fund is set out in the notes to the financial slatemenls.
On completion of any reslricled project funds, any funds not used are transferred to unrestricted funds for the use on the
haritvs general objects.
Any other proposed transfer be￿een funds would be considered on Ihe particular circumstances.
12

Greek Orthodox Archdiocese of Thyateira And Great Britain
Notes to the Accounts
for the year ended 31 December 2024
1.7 Financial Instruments
The Charity has elected to adopl Seclions 11 and 12 of FRS 102 in respect of the recognttion, measurement. and
disclosure of financial inslrumenls. Financial assets and liabilities are recognised when the Charity becomes party to the
contractual provision of the instrumenl and Ihey are classified according to the substance of the conlraclual 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 offset only when there is a legally enforceable right to set off the recognised
amounts and an intention either to settle on a nel basis, or to realise the asset and settle the liability simultaneously.
Financial assets
Basic financial assels include trade and other receivables, cash and cash equivalents, and investments in commercial
paper (i.e. deposits and bonds). These assets are initially recognised at Iransaction price unless the arrangement
constitutes a financing transaction, where the transaction is measured at Ihe presenl value of the future receipts
discounted at a market rale of interest. Such assets are subsequently carried at amortised cost using the effedive interest
rale method. Financial assets are assessed for indicalors of impairment at each reporting date. If there is objective
evidence of impairment, an imp8irmenl loss is recognised in the slatemenl of comprehensive income.
For financial assets carried at amortised cost the impairment loss is the differen￿ be￿een the carrying amount of the
asset and the present value of the eslimaled future cash IEows. discounted at the asset's original effective inlerest rate.
Other financial assets, including investments in equity inslrumenls which are not subsidiaries, associates, or joint ventures
are initially measured at fair value. which is typically the transaction price. These assets are subsequently carried al fair
value and Changes in fair value at the reporting date are recognised in the statement of comprehensive income. Where
the investment in equity instrLtments are not publidy traded and where the fair value cannot be reliably measured the
assets are measured at cost less impairment.
Financial assets are de recognised when the contractual rights lo the cash flows from Ihe asset expire or are settled or
substantially all of Ihe risks and rewards of the ownership of the asset are Iranslerred lo another party.
Financial liabilities
Basic financial liabililies include trade and other payables, bank loans, and intra group loans. These liabilities are initially
recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future payments discounted al a markel rate of interest. Debt instruments are
subsequently carried at amortised cost using the effective interest rale method.
Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extenl that it is
probable that some or all of the facility will be drawn down.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business
from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they
are presented as non current liabilities. Trade payables are recognised initially al transaction price and subsequently
measured at amortised cost using the effective interest rate method.
Financial liabilities are de recognised when the liability is discharged, cancelled, or expires.
13

G￿ek Orthodox Archdiocese of Thyateira And Great Britain
Notes to the Accounts
for the year ended 31 December 2024
1.8 Investment properties
Investment property is slated al market cosl which according to the trustees reflect the fair value al the reporting dale.
No depreciation is provided in respect of properties which are classified as investment properties. Such propertie5 are
held to earn rentals or for capital appreciation and the trustees consider that lo depreciate them would not give a true and
fair view.
1.9 Judgement and key sources of estimatlon 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 Ihe financial statements.
No key assumptions concerning the futufe and other key sources of eslimalion uncertainty at the reporting date that have
a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
year.
1.10 Going concem
The financial statements have been prepared on a going concern basis as the trustees believe that no material
uncertainties 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 budgeled income and expendilvre is sufficient
with the level of reserves for the charity lo be able to continue as a going concern.
1.11 Taxation
As a registered charity, the organisation 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 Ihe charity. and is therefore included in
the relevant costs in the SOFA.
14

Greek Orthodox Archdiocese of Thyateira And Great Britain
Notes to the Accounts
for tho year ended 31 December 2024
2 Donations and legacies
2024
2023
Donations and legacies
Gift aid
Restricted donations
915,701
19,980
1,505,064
61,366
35,469
1.601,899
935,681
3 Charitable activities
2024
2023
WeddirFgs & Baptisms
Ecclesiastical court
Patriarchate
Funeral Certificates
100.393
3.800
1,120
16,807
122,120
94,610
5,000
3,580
17,614
120,804
4 Other activities
2024
2023
Insurance claims
Gain on investment property
Revaluation gain
Calendafs & Herald
1.085
177,331
35,000
666,000
11,099
678.184
15.768
228,099
S Income from investments
2024
2023
Rent
Interest
30,205
27,459
32,000
17,532
6 Statement that no expenses were paid to trustees or connected persons
No expenses were paid to trustees or persons connected with them.
7 Trustees. and key management personnel remuneration and expenses
Archbishop Nikila5 Lioulias received a remuneration of £75,000 {2023.' £75,000) and he was the only trustee who received
remuneration.
8 Expenditure on raising funds
2024
2023
Calendars & Herald
10,908
29,968
15

Greek Orthodox Archdio¢ese of Thyateira And Great Britain
Notes to the Accounts
for the year ended 31 December 2024
9 Expenditure on charitable activities
2024
2023
Wages and salaries
Employer's Nl
Pensions
Travel and subsistence
Rates
Catering & hospitality
Cleaning
Prinling, postage and stationery
Bank charges
Donations
Donation restricted
Deprecialion
Insurance
Ecumenical Patriarchate
Light and heal
Management fees
Repairs and maintenance
Rent
Telephone and fax
Accountancy fees
Audit fees
Legal and professional costs
271,954
21,453
4,889
67,076
5,838
57,941
13,416
60,118
611
258,055
241,538
18,511
4,113
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
5.517
24.597
15,000
23,852
3,147
994,392
17,880
3,799
3,000
6,000
7,043
1,865,578
10 Auditor fees
Audit fees amounting to £6.000 (2023.. £4,800) were charged during the year. Accountancy ServI￿S were also provided
during the year.
16

Greek Orthodox Archdiocese of Thyateira And Great Britain
Notes to the Accounts
for the year ended 31 December 2024
I l Tangible fixed assets
Freehold
land and
buildings
Fixtures.fittings.
plant &
machinery
Motor
vehicles
Divine utensils
Totsl
Cost
At 1 January 2024
Surplus on revaluation
At 31 December 2024
2,345,442
666.000
3,011.442
16.967
92,380
24.080
2.478,869
668,000
3,144,869
16.967
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
81,365
5,518
86.883
24,080
105,445
5,518
110,963
24,080
Net book value
At 31 De￿rnber 2024
At 31 De￿rnber 2023
3,011,442
2,345,442
16,967
16,967
5.497
11.015
3,033,906
2,373,424
As the propety al 5 Craven Hill is held al cost value. there is a material differen￿ 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 retum of the property to the donor. The property is currently held at a nil value until the situalion can be
clarified. The above table includes the investment properties in note 12.
12 Investments
2024
2023
Cost
At 1 January 2024
Revaluations
Additions
Disposals
Al 31 December 2024
234,000
666,000
424.000
1190,000)
900,000
The inveslmenl compromised of one investment property which the trustees have valued as at 31 December 2024 and
believe the cost shown above reflects the fair value as at the reporting date.
12 Debtors
2024
2023
Other debtors
149,590
498,702
13 Creditors: amounts falling due within one year
2024
2023
Other creditors
76.163
9,787
14 Creditors: amounts falling due after one year
2024
2023
Loans
100,000
100.000
17

Greek Orthodox Archdiocese of Thyateira And Great Britain
Notes to the Accounts
for the year ended 31 December 2024
15 Movement of restricted funds
Christos Lazari
Archdiocese
Earthquakes Chapel
Total
restricted
funds
2024
Total
restricted
funds
2023
Ukraine Relief
Brought forward
17,429
Received during the year
48,559
Paid out during the year
(40,125)
Movements between funds
Balan￿ as at 31 December 2024
25,863
There is no restricted funds re￿iVed or paid out during the year ended.
17 Relatsd party transaction
There are over 200 churches, Greek schools and other Greek Orthodox Communities entities with the Archdiocese. The
Archdiocese provides donalions to several of these enlities and also received support from them.
The Charity donated £15.000 to the EcL5menical Patriarchate during the year.
The Charity received a tolal of £20.390 from 8 Trustees.
18