The Greek Orthodox Community of Leeds Trustee's Report and Financial Statements For The Year Ended 31 January 2025
Charity No. 249960
The Greek Orthodox Community of Leeds Legal and Administration Information
Chairman of Trustees
B Paschali
Treasurers
B Paschali
Registered Office
57 Harehills Avenue Leeds LS8 4EU
Trustees
A Christou C Hadjicharitou K Karakousis C Kyriacou B Paschali C Tsakirides
Bankers
Royal Bank of Scotland 27 Park Row Leeds LS1 5QB
Accountants
I.Z Accountants Ltd Chartered Certified Accountants Manor Suite, Corson House Beechwood Estate Elmete Lane Leeds LS8 2LQ
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The Greek Orthodox Community of Leeds Reports and Financial Statements For The Year Ended 31 January 2025
Contents
| Page | |
|---|---|
| Trustee's Report | 4 |
| Accountants Report | 6 |
| Balance Sheet | 7 |
| Statement of Financial Activities | 8 |
| Notes | 9 |
| Schedule of Income | 11 |
| Schedule of Expenditure | 12 |
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The Greek Orthodox Community of Leeds
Trustee's Report
For The Year Ended 31 January 2025
The trustees present their report and financial statements for the year ended 31st January 2025 under the Charities Act 2011, and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005.
Structure, Governance and Management
Organisation
The charity is managed by an executive committee of 12 members (with a two year term office) and a group of six trustees who are responsible for the charity's assets. New trustees are appointed as and when required by the existing trustees and are normally appointed for life or until they resign (or when they can no longer perform their duties).
Objectives and activities
Objectives
The principal activity of the charity is to acquire places of religious worship, provide religious and cultural education, together with related social and welfare activities. It also makes donations to charitable institutions. Full details can be provided in the trust deed.
Activities
The charity aims to provide (a) a place of worship for Orthodox Christians who are predominantly members of the Greek Orthodox Archdiocese of Great Britain (b) educational opportunities for the community we serve (or Greeks and Greek Cypriots who are first, second and third generation immigrants (c) social welfare and cultural activities (d) an information centre.
Financial Review
The Church saw attendance and membership increasing as more new members joined the Orthodox faith. . The Greek school continued to thrive, attracting a growing number of children and adults from the parish, and offering a broad spectrum of of educational and cultural activities that furthered the charity’s objectives.
During the year, essential building maintenance works were completed, including the installation of a new roof for the school and repairs to the church entrance, ensuring the ongoing safety and accessibility of facilities. Overheads rose, mainly due to higher energy and insurance costs, mirroring wider economic challenges. Voluntary fundraising and church donations increased compared to the previous year. These along with an increase in student enrolment improved the charity’s financial position, allowing it to end the year with a modest surplus. This surplus will again be reserved for future maintenance and development projects.
As in previous years, officers and trustees contributed their time voluntarily, receiving no reimbursement. Employee status remained unchanged, and the charity maintained insurance cover for trustees, employees, and incoming members. Finally, the charity would like to thank its many volunteers and donors for their continued support, without which the charity would not be able to run.
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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The Greek Orthodox Community of Leeds
Trustee's Report Continued
For The Year Ended 31 January 2025
The law applicable to charities in England and Wales requires 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 these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, including FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements;
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state whether a Statement of Recommended Practice (SORP) applies and has been followed, subject to any departures which are explained in the financial statements.
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision of the trust deed. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was considered and approved by the Trustees on 26 November 2025 and signed on their behalf by:
.............................................................
Barry Paschali
Trustee
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The Greek Orthodox Community of Leeds Independent Examiner's Report
For The Year Ended 31 January 2025
I report on the accounts which are set out on the pages 7 to 12
Respective responsibilities of the Trustees and Examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for the year
It is my responsibility to :-
Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145)5)(b) of the 2011 Act); and state whether particular matters have come to my attention.
Basis of independent examiners report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is therefore limited.
.......................................................................
For and on behalf of I.Z Accountants Ltd Chartered Certified Accountants Manor Suite, Corson House Beechwood Estate Elmete Lane Leeds
26 November 2025
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The Greek Orthodox Community of Leeds
Balance Sheet as at 31 January 2025
| Note Fixed Assets Tangible Assets 2 Current Assets Debtors 3 Bank and Cash Creditors Amounts due within one year 4 Net Current Assets Total assets less current liabilities Net Assets Capital and reserves Profit and loss account 5 |
£ 3,083 24,554 27,637 (30,293) |
2025 £ 608,333 (2,656) 605,677 605,677 605,677 605,677 |
£ 100 75,132 75,232 (40,906) |
2024 £ 570,658 34,326 |
|---|---|---|---|---|
| 604,984 | ||||
| 604,984 | ||||
| 604,984 | ||||
| 604,984 |
Approved by the Board, and authorised for issue, on 26 November 2025 and signed on their behalf by:
……………………………………………
Barry Paschali
Trustee
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The Greek Orthodox Community of Leeds
Statement of Financial Activities
For The Year Ended 31 January 2025
| Page General Fund Total funds brought forward Surplus for the year Total funds carried forward Summary of Movement of Funds Income Expenditure Surplus/(Deficit) for the year |
2025 £ 604,984 693 605,677 198,435 197,742 693 |
2024 £ 591,696 13,288 |
|---|---|---|
| 604,984 | ||
| 161,369 148,081 |
||
| 13,288 |
All gains and losses arising in the year have been included in the Statement of Financial Activities and arise from continuing operations.
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The Greek Orthodox Community of Leeds Notes to the Financial Statements
For The Year Ended 31 January 2025
1 Accounting Policies
A summary of the principal accounting policies adopted, judgements and key sources of estimation uncertainty, is set out below.
Accounting Convention
The financial statements have been prepared under the historic cost convention. The financial statements have been prepared in accordance to Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The charity is a public benefit entity for the purposes of FRS 102 and has also prepared its financial statements in accordance with the 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 (The FRS 102 Charities SORP), the Companies Act 2006 and Charities Act 2011.
Income
All income is recognised when there is entitlement to the funds, the receipt is probable and the amount can be measured reliably.
Resources Expended
Expenditure is included in the Statement of Financial Activities on a accruals basis, inclusive of any VAT which cannot be recovered. Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Support costs are those incurred in the administration of the charity and are primarily associated with the constitutional and statutory requirements.
| 2 Tangible fixed assets Cost At 1 February 2024 Additions Surplus on revaluation Disposals At 31 January 2025 Depreciation At 1 February 2024 Charge for the year Surplus on revaluation On disposals At 1 February 2025 Net book value At 31 January 2025 At 1 February 2024 |
Church Chattels £ 35,842 - - 35,842 20,109 3,147 - - 23,256 12,586 15,733 |
Land and Buildings £ 554,925 40,822 - - 595,747 - - - - - 595,747 554,925 |
Total £ 590,767 40,822 - - |
|---|---|---|---|
| 631,589 | |||
| 20,109 3,147 - - |
|||
| 23,256 | |||
| 608,333 | |||
| 570,658 |
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The Greek Orthodox Community of Leeds
Notes to the Financial Statements (Continued)
For The Year Ended 31 January 2025
Land and Building are freehold
| The following properties are held:- Church and adjacent community hall at Harehills Avenue, Leeds Church hall extension (approximate valuation cost) Investment property 23 Gipton Wood Avenue Investment properties 29-31 Town street, Farsley, Leeds School building 31 Avenue Cresent School building upgrade Investment property at 28 Town street, Farsley, Leeds 3 Debtors Prepayments Other debtors 4 Creditors: amounts falling due within one year PAYE/Pensions Accruals RBS Loan Other Wages 5 Statement of Movement on Reserves Balance brought forward Deficit for the year Balance carried forward |
Year Purchased 1966 1985 2000 2006 2016 2017 2024 2025 £ 2,983 100 3,083 2025 £ 1,922 1,260 23,115 557 3,439 30,293 |
£ 7,000 35,000 81,000 180,000 170,427 81,498 40,822 |
|---|---|---|
| 595,747 | ||
| 2024 £ 100 |
||
| 100 | ||
| 2024 £ 3,446 1,260 32,760 557 2,883 |
||
| 40,906 Unrestricted Funds £ 604,984 693 |
||
| 605,677 |
6 Trustees and Related Parties
No trustees received any remuneration for their services (2025: £Nil).
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The Greek Orthodox Community of Leeds
Schedule Of Income
For The Year Ended 31 January 2025
| Income Resources Greek School Interest received Church Gift Aid Voluntary Sources Other incoming resources Rent receivable Total incoming resources |
2025 £ 44,656 230 6,207 116,638 167,731 30,704 198,435 |
2024 £ 35,535 1,539 0 103,578 |
|---|---|---|
| 140,652 20,717 161,369 |
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The Greek Orthodox Community of Leeds
Statement of Expenditure
For The Year Ended 31 January 2025
| Other Administrative Costs Priest Wages Other Wages Depreciation Greek School - Expenses Greek School - Teachers costs Functions/Events Pension costs Printing, Postage & Stationary Telephone Building Running costs Building Repairs Donations Bank Charges and Interest Travel and Accommodation Sundries Greek Archdiocese Professional fees Total overhead expenses |
£ 33,483 12,519 3,147 5,494 33,218 19,596 72 0 1,770 27,440 36,538 0 5,323 2,440 941 1,050 14,711 |
2025 £ 197,742 197,742 |
£ 30,000 8,161 3,933 4,870 34,099 14,028 316 196 1,728 17,568 13,897 0 5,012 4,845 0 2,648 6,780 |
2024 £ 148,081 |
|---|---|---|---|---|
| 148,081 |
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