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|---|---|---|---|
|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|
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|||||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|
##
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||||||||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|||||||||
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|2.|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|
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||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|
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|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|||||
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|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|
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|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|
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|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|
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|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|
##
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|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|
##
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||Forthe year e|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|