2021-12-31-accounts - The Greek Cathedral Trust Fund

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			Page
Report ofthe Churchwardens	and Trustees		3-5
Statement ofChurchwardens'	and Trustees'	Responsibilities
Auditor's Report			7-9
Statement of Financial Activities			10
Balance Sheet
Statement ofCash Flows			12
Notes to the Financial Statements			13-22
Churchwardens' Accounts			23-24
The Cathedral Trust Fund			25-26
List ofSubscribers			27

				2021	2020
				Unrestricted	Unrestricted
				Funds	Funds
			Note
Income from:
Donations and legacies				217,698	215,975
Charitable activities				66,840	46,258
Investments				53,569	53,758
Other				32,475	162,204
Total				370,582	478,195
Expenditure on:
Raising funds				13,783	12,242
Charitable activities				307,750	356,256
Total				321,533	368,498
Net (expenditure)	I	income before
gains and losses on Investments				49,049	109,697
Net (losses) /gains	on investments		8	235,368	12,007
Net income being
net movement in funds				284,417	121,704
Total Funds brought		forward		3,343,695	3,221,991
Total Funds carried		forward		3,628,112	3,343,695

							Total	Total
						Note	2021	2020
Cash flows from operating		activities:
Net cash	from/(used in) operating		activities			13	3,260	127,991
Cash flows from Investing		activities:
Dividends	and interest from	investments					53,569	53,758
Proceeds	from sale of investments						145,733	371,228
Purchase	of investments						(169,186)	(394,830)
Transfers	to/(from) investments						(93,433)	72,385
Net cash	provided by investing activities						(63,317)	102,541
Change	in cash and cash	equivalents		In the	reporting
palled							(60,057)	230,532
Cash and cash equivalents		at the	beginning		ofthe
reporting	period						343,397	112,865
Cash and cash equivalents		at the	end	ofthe	reporting	14	283,340	343,397
period

Income and	endowments
Donations and legacies
		2021f	2020
Subscriptions		10,500	9,000
Offerings		73,450	45,167
Donations		133,748	161,808
		217,698	215,975
Charitable activities
		2021f	3020 f
Fees for services		59,160	31,468
Crypt income		7,680	14,790
		66,840	46,258
Investment	income
Deposit interest		371	889
Income from	listed investments:
UK		53,198	52,869
		53,569	53,758
Other income		29,994	155,304
Grant Income		2,481	6,900
Total income		370,682	478,196

	Raising	Charitable	Total	Total
	fundsf	activities 8	2021f	2020 f
Stipends and staff costs		107,790	107,790	110,673
Choir fees		20,138	20,138	9,196
Insurance		37,963	37,963	31,397
Audit fee		10,842	10,842	10,800
Printing, postage and stationery		1,082	1,082	90
Telephone		2,840	2,840	3,152
Church expenses		30,164	30,164	34,566
Candles		1,912	1,912	3,586
Electricity and water		6,386	6,386	7,396
Heating and fuel		6,521	6,521	4,247
Rates, council tax		2,679	2,679	1,858
Minor repairs		2,450	2,450	5,923
Major works Maintenance contracts		25,378 11,607	25,378 11,607	4,034 12,397
Legal and professional fess Donations		36,366 1,030	36,366 1,030	110,107 6,049
Investment service charge	13,783		13,783	12,242
Depreciation		69	69	69
Bank charges/other		610	610	500
Subscriptions		259	259	216
Loan interest		1,664	1,664
Total expenditure	13,783	307,750	321,533	368,498

Employees	and staff costs
			2021	2020
			8	E
Wages and salaries and other staff costs Social security costs			103,508 4,282	105,182 5,491
			107,790	110,673
The average	monthly number ofpersons
employed	by the Charity	during the
year was

Tangible fixed assets
	Plant			Fixtures
	and	Computer		and
	machinery	erteui	ment	~fittin s f	Total
Cost
At 1st January 2021	72,577		2,805	28,340	103,722
Addifions
At 31st December 2021	72,577		2,805	28,340	103,722
Accumulated depreciation At 1st January 2021 Charge in year	72,577		2,598 69	28,340	103,515 69
At 31st December 2021	72,577		2,667	28,340	103,584
Net book value
At 31st December 2021			138		138
At 31st December 2020			207		207

Listed investments:
Shares and securities:		2021	2020 f
Market value:
At 1st January 2021		2,787,434	2,751,825
Additions, at cost		169,186	394,830
Disposal proceeds		(145,733)	(371,228)
Net (losses) / gains on disposals	and revaluations	235,368	12,007
At 31st December 2021		3,046,255	2,787,434
Cash:
At 31st December 2021		424,151	330,718
Total Shares, Securities and Cash		3,470,406	3,118,152
Historic cost:
At 31st December 2021		2,475,666	2,388,028

The portfo follows:	lio is spread across the following	categories of investment and their fair	values are a
		2021 f	2020 f
Fixed income		799,954	897,606
UK Equities		542,238	480,222
Overseas	Equities	1,384,775	1,179,004
Alternative	Equities	319,288	230,602
Cash		424,151	330,718
		3,470,406	3,118,152

				Market value
				f.	'/0
Treasury	1/8'/0 indexed		linked stock 22/3/2024	176,102	5.1
JPM American inv		Trust	Pic	191,750	5.5
Finsbury	Growth and Income Trust			183,400	5,3
Findlay Park PLC				220,770	6.4
Aberdeen	Standard	Fund Managers		174,237	5.0

9.	Debtors
			2021f	2020
	Prepayments		5,805	5,976
10.	Creditors
			2021f	2020 f
	Trade creditors		8,760	3,054
	Accruals and deferred	income	31,150	20,636
	Loan		20,000	6,667
	Other creditors			347
			59,910	30,704
	Loan greater than one	year	71,667	93,333

			Brought Forward f	f	~Edit f	Gains/	Gains/	Transfers	Totalf
Churchwardens'		Fund	131,947	377,642	(300,312)				209,277
Cathedral	Trust
Fund			3,211,748	53,569	(81,850)	235,368			3,418,835
			3,343,695	431,211	(382,162)	235,368			3,628,112
As at 31	December 2020:
			Brought Co~aud f	f	~Edit f	Gains/ ~t f		~TTTT f	Totalf
Churchwardens'		Fund	98,990	289,063	(256,106)				131,947
Cathedral	Trust
Fund			3,123,001	226,088	(149,348)		12,007		3,211,748
			3,221,991	515,151	(405,454)		12,007		3,343,695

As st31December 2	021:
					Net
		Investments		Tangible Assets f	Current A~till blhl	Totalf
Churchwardens' Fund				138	209,139	209,277
Cathedral Trust
Fund		3,470,406			(51,571)	3,418,835
		3,470,406			157,568	3,628,112
As at 31December 2020:
				Net
		Investments		Tangible Assets f	Current A~t/ II NlilI	Totalf
Churchwardens' Fund				207	131,740	131,947
Cathedral Trust
Fund		3,118,152			93,596	3,211,748
		3,118,152		207	225,336	3,343,695
Cash flows from operating		activities			2021f	2020 f
Net income/(deficit) for the reporting			period		284,417	121,704
Adjustments for: Depreciation					69	69
(Gains)/losses on investments					(235,368)	(12,007)
Asset (additions)/disposals						(276)
Dividends, interest from investments					(53,569)	(53,758)
(Increase)/ decrease in debtors Increase/(decrease) in creditors					171 7,540	(5,976) 78,235
Net cash from/(used	In) operating		activities		3,260	127,991

Analysis	ofchan	ges In net debt
			At 1 January		At 31 December
			2021f	Cash flows 5	2021
Cash at	bank and	in hand	343,397	(60,057)	283,340
			343,397	(60,057)	283,340

	nded 31st December 2021
	2021	2020
	Unrestricted	Unrestricted
	Fundsf	Funds
Income
Cathedral subscriptions Fees for services	10,500 59,160	9,000 31,468
Offerings Donations	73,450 133,748	45,167 111,808
Crypt income Other income	7,680 32,475	14,790 39,874
Contribution from Trust for
Church maintenance	60,629	36,956
Total	377,642	289,063
Expenditure
Stipends and staff costs Choir fees	107,790 20,138	110,673 9,196
Audit fee	5,442	5,400
Printing, postage and stationery Telephone Church expenses Candles	1,082 2,840 30,164 1,912	90 3,152 34,566 3,586
Electricity and water Heating and fuel Rates Council Tax	6,386 6,521 2,679	7,396 4,247 1,858
Minor Repairs Major Works Maintenance contracts	2,450 25,378 11,607	5,923 4,034 12,397
Cathedral building insurance Donations	37,963 1,030	31,397 6,049
Legal and professional costs Subscriptions Bank charges/other costs Depreciation Loan interest	34,566 259 372 69 1,664	15,819 216 38 69
Total	300,312	256,106
Net movements in funds	77,330	32,957
At 1stJanuary 2021	131,947	98,990
At 31st December 2021	209,277	131,947

			2021	2020
Fixed assets
Tangible assets			138	207
Current assets
Amounts due from Cathedral		Trust Fund	40,769	33,569
Prepayments Cash at bank			5,805 283,340	5,976 205,352
			329,914	244,897
Creditors, amounts	falling due
within one year
Trade creditors			(8,760)	(2,574)
Accruals and deferred	income		(20,348)	(10,236)
Loan			(20,000)	(6,667)
Other creditors				(347)
			(49,108)	(19,824)
Net current assets			280,806	225,073
Creditors, amounts	falling due
within one year
Loan			(71,667)	(93,333)
Total assets			209,277	131,947
Accumulated funds
Unrestricted funds			209,277	131,947
Restricted funds
			209,277	131,947

			2021f	2020f
Income
Investment income			53,198	52,869
Other income				122,330
Donation				50,000
Interest			371	889
Total			53,569	226,088
Expenditure
Contribution to Churchwardens
for Church maintenance			60,629	36,956
Audit fees			5,400	5,400
Investment service charge Other expenses (bank charges etc.) Legal and professional costs			13,783 238 1,800	12,242 462 94,288
Total			81,850	149,348
Net (expenditure) gains and losses	before on investments		(28,281)	76,740
Gain/(loss) on investment		assets	235,368	12,007
Net movement In	funds		207,087	88,747
At 1stJanuary 2021			3,211,748	3,123,001
At 31stDecember	2021		3,418,835	3,211,748

	Cathe	Patriarchate
Mr P Arvanitakis	220.00	30.00
Mr A Catsiapis Mrs TChandris	220.00 220.00	30.00 30.00
Mr J Chandris	220.00	30.00
Mr M Chandris	220.00	30.00
Mrs G Chazan	220.00	30.00
Mrs M Coccolatos	220.00	30.00
Mr Y Demopoulos Mrs M Edgerly Mrs C Fafalios	220.00 220.00 220.00	30.00 30.00 30.00
Mr SJ Fafalios	220.00	30.00
Mr DJ Fafalios	220.00	30.00
Mr A Fafalios	220.00	30.00
Mrs E Fafalios	220.00	30.00
MrJ Fafalios	220.00	30.00
Mr N Gavrilov	220.00	30.00
Mr P Goulandris	220.00	30.00
Mr J Hadjipateras Mr N Konialidis	220.00 220.00	30.00 30.00
Mrs A Konzotis	220.00	30.00
Mrs R Konzotis	220.00	30,00
Mr & Mrs Kountrouris	440.00	60.00
Mr E Kulukundis	220.00	30.00
Mrs Kydoniefs Mr M Lemos	220,00 220.00	30.00 30.00
Mrs M Lemos	220.00	30.00
Mr M Lykiardopulo	220.00	30.00
Mr J Lyrae Mrs E Lyrae Mr A Margaronis Mr M Monios	220.00 220.00 220.00 220.00	30.00 30.00 30.00 30.00
Mr NJ Paleocrassas	220.00	30.00
Mr N Pallikaropoulos Mr P Pallikaropoulos	220.00 220.00	30.00 30.00
Mrs M Proestos	220.00	30.00
Miss A Protopapas Mr J Souglides	220.00 220.00	30.00 30.00
Ms A Spanopoulou Mr I Stylianos Ms I Theodorou	220.00 220.00 220.00	30.00 30.00 30.00
Mr N Tsarouhis	220.00	30.00
Mr XZacharoudis	220.00	30.00
Mr EZervas	220.00	30.00
	E9,240.00	51,260.00
TOTAL		f10,500.00