2022-12-31-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 ofFinancial 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

				2022	2021
				Unrestricted	Unrestricted
				Funds	Funds
			Note
Income from:
Donations and legacies Charitable activities Investments Other				271,911 115,450 57,632 41,833	217,698 66,840 53,569 32,475
Total				486,826	370,582
Expenditure on:
Raising funds Charitable activities				13,272 418,599	13,783 307,750
Total				431,871	321,533
Net (expenditure)	Iincome before
gains and losses on investments				54,955	49,049
Net (losses) /gains	on investments		8	(274,297)	235,368
Net income being
net movement in funds				(219,342)	284,417
Total Funds brought	forward			3,628,112	3,343,695
Total Funds carried		forward		3,408,770	3,628,112

							Total	Total
						Note	2022	2021
Cash flows from operating		activities:
Net cash from/(used in) operating			activities			13	(49,011)	3,260
Cash flows from investing		activities:
Dividends	and interest from	investments					57,632	53,569
Proceeds	from sale of investments						55,571	145,733
Purchase	ofinvestments						(203,844)	(169,186)
Transfers	to/(from) investments						249,389	(93,433)
Net cash	provided by investing activities						158,748	(63,317)
Change	in cash and cash	equivalents		in the	reporting
period							109,737	(60,057)
Cash and cash equivalents		at the	beginning		ofthe
reporting	period						283,340	343,397
Cash and cash equivalents period		at the	end	ofthe	reporting	14	393,077	283,340

Income and endowments	Income and endowments
Donations and legacies
		2022	2021
Subscriptions		7,250	10,500
Offerings Donations		113,203 151,458	73,450 133,748
		271,911	217,698
Charitable activities
		2022	2021
		F
Fees for services Crypt income		98,530 16,920	59,160 7,680
		115,450	66,840
Investment	income
Deposit interest		1,192	371
Income from	listed investments:
UK		56,440	53,198
		57,632	53,569
Other income Grant income		41,833	29,994 2,481
Total income		486,826	370,582

	Raising	Charitable	Total	Total
	funds	activities	2022	2021
Stipends and staff costs Choir fees		93,665 37,294	93,665 37,294	107,790 20, '1 38
Insurance Audit fee Printing, postage and stationery Telephone Church expenses Candles Electricity and water Heating and fuel Rates, council tax Minor repairs Major works Maintenance contracts Legal and professional fees Donations Investment service charge Depreciation	13,272	40,363 11,880 1,420 4,885 62,060 6,941 6,717 5,142 2,413 15,222 67,096 13,392 33,245 12,000 69	40,363 11,880 1,420 4,885 62,060 6,941 6,717 5,142 2,413 15,222 67,096 13,392 33,245 12,000 13,272 69	37,963 10,842 1,082 2,840 30,164 1,912 6,386 6,521 2,67S 2,450 25,378 11,607 36,366 1,030 13,783 69
Bank charges/other		841	841	610
Subscriptions		139	139	259
Loan interest		3,815	3,815	1,664
Total expenditure	13,272	418,599	431,871	321,533

		2022	2021
Shares and securities:
Market value:
At 1stJanuary 2022 Additions, at cost Disposal proceeds Net (losses) / gains on disposals	and revaluations	3,046,255 203,844 (55,571) (274,297)	2,787,434 169,186 (145,733) 235,368
At 31st December 2022		2,920,231	3,046,255
Cash:
At 31st December 2022		174,762	424,151
Total Shares, Securities and Cash		3,094,993	3,470,406
Historic cost:
At 31st December 2022		2,384,254	2,477,568

	2022	2021f
Fixed income UK Equities Overseas Equities Alternative Equities Cash	837,040 519,724 1,189,782 373,685 174,762	799,954 542,238 1,384,775 319,288 424,151
	3,094,993	3,470,406

	Market value
		0/o
Treasury 1/8/o indexed linked stock 22/3/2024 JPM American Inv Trust Pic Finsbury Growth and Income Trust Findlay Park Funds ICAV CG Portfolio Fund PLC	186,627 171,250 168,600 170,148 160,240	6 5.5 5.5 5.5 5.2

9.	Debtors
			2022	2021
	Other Debtors Prepayments		2,612 6,608	5,805
			9,220	5,805
10.	Creditors
			2022	2021
	Trade creditors Accruals and deferred Loan	income	4,775 38,755 15,200	8,760 31,150 20,000
			58,730	59,910
	Loan greater than one	year	39,267	71,667
11.	Statement offunds
	As at31December 2022:

			Brought			Gains/
			Forward	Income	~Ex andlture	~losses	Transfers	Total
							E
Churchwardens' Cathedral Trust		Fund	209,277	497,633	(410,466)			296,444
Fund			3,418,835	57,632	(89,844)	(274,297)		3,112,326
			3,628,112	555,265	(500,310)	(274,297)		3,408,770
As at31	December 2021:
			Brought			Gains/
			Forward	Income	~Ex endlture	~losses	Transfers	Total
Churchwardens' Cathedral Trust		Fund	131,947	377,642	(300,312)			209,277
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 at31December 2022:
				Net
			Tangible	Current
		Investments	Assets	Assets/ liabilities	Total
Churchwardens' Fund			9,477	286,967	296,444
Cathedral Trust Fund		3,094,993		'17,333	3,112,326
		3,094,993	9,477	304,300	3,408,770
As at31December 2021:
			Net
			Tangible	Current
		Investments	Assets		Total
Churchwardens' Fund			138	209,139	209,277
Cathedral Trust Fund		3,470,406		(51,571)	3,418,835
		3,470,406	138	157,568	3,628,112
Cash flows from operating	activities
				2022	2021
Net income/(deficit) for the reporting period Adjustments for:				(219,342)	284,417
Depreciation (Gains)/losses on investments Asset (additions)/disposals Dividends, interest from investments (Increase)/ decrease in debtors Increase/(decrease) in creditors				69 274,297 (9,408) (57,632) (3,415) (33,580)	69 (235,368) (53,569) 171 7,540
Net cash from/(used in) operating activities				(49,011)	3,260

Analysis ofchanges	Analysis ofchanges
		At 1 January		At 31 December
		2022	Cash flows	2022
Cash at bank and	in hand	283,340	109,737	393,077
		283,340	109,737	393,077

	Forthe year	ended 31stDecember 2022
		2022	2021
		Unrestricted	Unrestricted
		Funds	Funds
Income
Cathedral subscnptions Fees for services		7,250 98,530	10,500 59,160
Offerings		113,203	73,450
Donations		151,458	133,748
Crypt income Other income		16,920 41,833	7,680 32,475
Contribution from Trust	for
Church maintenance		68,439	60,629
Total		497,633	377,642
Expenditure
Stipends and staff costs Choir fees Audit fee		93,665 37,294 5,940	107,790 20,138 5,442
Printing, postage and stationery Telephone Church expenses Candles		1,420 4,885 62,060 6,941	1„082 2,840 30,164 1,912
Electricity and water Heating and fuel Rates Council Tax Minor Repairs Major Works Maintenance contracts Cathedral building insurance Donations Legal and professional costs Subscnptions		6,717 5,142 2,413 15,222 67,096 13,392 40,363 12,000 31,052 139	6,386 6,521 2,679 2,450 25,378 11,607 37,963 1,030 34,566 259
Bank charges/other costs		841	372
Depreciation		69	69
Loan interest		3,815	1,664
Total		410,466	300,312
Net movements in funds		87,167	77,330
At 1stJanuary 2022		209,277	131,947
At 31stDecember 2022		296,444	209,277

				Churchwardens'	Accounts	Accounts
				Balance	Sheet
				As at 31stDecember		2022
						2022	2021
Fixed assets
Tangible assets						9,477	138
Current assets
Amounts due from Prepayments Cash at bank Other Debtors	Cathedral		Trust	Fund		48,452 6,608 316,379 2,612	40,769 5,805 283,340
Creditors, amounts		falling due				374,051	329,914
within one year
Trade creditors Accruals and deferred Loan		income				(4,775) (27,842) (15,200)	(8,760) (20,348) (20,000)
						(47,817)	(49,108)
Net current assets					326,234		280,806
Creditors, amounts	falling due
within one year
Loan						(39,267)	(71,667)
Total assets					296,444		209,277
Accumulated funds
Unrestricted funds					296,444		209,277
Restricted funds
					296,444		209,277

		2022	2021
Income
Investment income Interest		56,440 1,192	53,198 371
Total		57,632	53,569
Expenditure
Contribution to Churchwardens
for Church maintenance Audit fees Investment service charge Other expenses (bank charges etc.) Legal and professional costs		68,439 5,940 13,272 2,193	60,629 5,400 13,783 238 1,800
Total		89,844	81,850
Net (expenditure) before
gains and losses on investments		(32,212)	(28,281)
Gain/(loss) on investment	assets	(274,297)	235,368
Net movement in funds		(306,509)	207,087
At 1stJanuary 2022		3,418,835	3,211,748
At 31stDecember 2022		3,112,326	3,418,835

	Cathedral	Patriarchate
Mr M Antoniou Mr PArvanitakis Mr A Catsiapis Mr M Chandris Mrs M Coccolatos Mrs M Edgerly Mr SJ Fafalios Mr DJ Fafalios Mr A Fafalios Mrs E Fafalios MrJ Fafalios Mr N Gavrilov MrJ Hadjipateras Mr N Konialidis Mrs A Konzotis Mrs R Konzotis Mr EJ Kulukundis Mrs Kydoniefs Mr M Lemos Mrs M Lemos MrJ Lyras Mrs ELyras Mr A Margaronis Mrs M Proestos Mr J Souglides Ms A Spanopoulou Ms I Theodorou Mr N Tsarouhis Mr EZervas	220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00 220.00	30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00
	R6,380.00	f870.00