THE GREEK CATHEDRAL TRUST FUND
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2024

The Gre8k Cathodral Tru¥t Fund
Report and Financlal Stalements
Forthe year ended 31st December 2024
Page
Report of the Churchwarden$ and Truslees
Statement of Churchwardens, and Trustee$. Responsibilllies
Auditorfs Report
Statement of Financial Actwtties
10
Balance Sheet
11
Statement of Cash Flows
12
Notes to the Flnanclal Statements
13-22
Chur¢hwardens' Accounts
23-24
The Cathedral Trust Fund
25-26
List of Subsurbers
27
Pages 2>27 are for management Infomi*ion only and do not fonTt part ofthe audlled financial Statements

The Greek Cathedral Trust Fund
Churchwardgns
J. Hadjipatsras
E. Fafalios
C. Mossio$
M.Sakarellou
N. Pachf(i
N. Tsarouchis
{Ch8lrl
(Vice Chalr)
(Treasurer)
(Secretary)
(Member}
(Member)
Trustees of the Cathodral Trust Fund
N.J. Fafalios
S.J. Fafalios
M.C. L8mos
M.F. Lykiardopub
J.M. Lyras
Registered Charity
No. 265710
Twstees of tho Land and Vlcarage Trust
Mrs M.C. Coccolatos
S.J. Fafalios
E.J.S. Kulukundis
N.J. Paleocrassas
Cathedral Admlnlstrntor & Secretary to the Trusto•$
K Georgiadls

The Gre•k Cathedral Trust Fund
Address
Moscow Road, London W2 4QL
Archltects:
Auditors:
Oliver West & John Scott Architects
The Studio. Bath Road
Bedford Park
London W4 1 LL
Moore NHC Audit Limited
Eastwing, Goffs Oak House
Goffs Lan&, Hertfordshire
EN75GE
Sollcltors:
B4nk•rs:
Reed Smrth LLP
The Broadgate Tower
20 Primrose Street
London EC2A 2RS
HSBC
92 Kensington High Street
London W8 4SH
Withers LLP
20 Old Bailey
London EC4M 7AN
MetroBank
I6￿166 Kensington High Street
London W8 7RG
Investment Advlsgrs..
Rathljone Investment Management Ltd
8 Finsbury Circus
London EC2M 7AZ

The Grnak Cathedral Trust Fund
Raport of the Churchwardens and Trustees
The Churchwardens and Trustees present their report and audited finan¢ial statements for th8 ygar ended
31st December 2024. The financial statements ar8 prepared in accordan* with 'kcounting and Reporting
by Charities.. Statement of Recommended Practice applicable lo charities preparing thoir accounts in
accordanco with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021
leffeclive 1 January 20201" and the Charities Act 2011.
8trurturg, Governance and Managemgnt
Govemlng Document
The Cathedral is subject to English law arKI is govemed ty The Regulations which were first approved at a
general meeting of the Greek Confralemlty of London on 9th March 1879 and subsequenty amended and
added to. which determine the ownership, organlsation and management stnjcture of the Cath8dral. There
are tsvo trusts and this report and the audited finandal ststements combina the results and overviw of
operations thereot
The Land and Vicarage Trusl established by declaration of trust dated 31st December 1879 aTr
$ubsequenUy 29th September 1915.
The Cathedral Trust Fund established by deClarat￿n of trust dated 8th February 1888. This is also
Ihe registered entity Ltnder the Charities Act 2011 (Number 2657101.
Appolntmont of Churchwardens, Trustees and Commlttee Members
The Cathedral Twst Fund dead provides for at least three trustees who a￿ ￿plaCed on resignation
or death.
The Land and Vicarage Trust daed provid85 for at least three trustees who are replaced on
r8signalion or death.
Six Churchwardens are responsible for the sound management of the Cathedral, with ￿ Churchwardens
appointed each year for a three year term at the Assembly of the Confralemlty. They administer such funds
as may be approved by tho Confraternty at tts Annual G￿eral Meetin9.
The confratemity comprises those members of the Cathedral that ¢ontribute an annual subscription and who
are 8ntiUed to vote al meetiNJS ofthe Assernbty.
Trustge Induclion and Tralnlng
The Trustees are guided in th8 perfomiants of their work by charty regulatiorts and by refer&n¢e to the
professional firms referred to on page 2.
Organisation
As indicated above the Churchwardens are responsible ft)r the management and day to day operation of the
Church. The investment of the fvnds held by The Trust is delegated to Ralhbong Investment Management
Ltd under 8 discretionary fund management agreement.

Th8 Greek Cathedral Trust Fund
Report of the Churchwardens and Trustees
Rlsk Management
The Charity faces a number of risks golng forward.. ever more stringent regulations (particularfy since the
Cathedral became Grade I listed) make maintenance both more complicated and more expensive- the
changing constitution of the Greek diaspora in Lor)don has implications for the Cathedral'5 revenues- and, the
instability of the financial markets lead to uncertainty with investments.
The Truslees regularfy monitor and discuss the OPWJthJnities available lo the Charity and the ￿Sk$ to which It
Is exposed.
As part ofthis prc￿$ The Trustee5 hava implemented a risk management strategy which comprises:
Tho establishment of systems 8nd controls to mitigate the risks identified.
The implementation of procedure5 designed to minimise any potentral impact on the charity should any
of those risks materialise.
An annual review of the risks which the Charity may face and the implementation of any changes lo
the ￿ntro￿ that might b& deemed necessary.
The Trustees have not identified any $ignifTrnt financial or other risks that have not already been monitored
or controlled.
Oblectlv•s and Act￿ltIeS
The main objectNe of the Charity is the preseNatson of the Gregk Cathedral in London W2.
Church Services and the op8ration of the Cathedral are carried oul by fNe empwed staff.
Achigvgmgnts of the Pasl Year
During 2024, offerings increased to £165.978 from £129,576 in 2023. Fees for services increased to
£95.665 from £77,980 in 2023, and income from the crypt increased to £27,668 from £26.863 in 2023.
other lunds were raised from filming, a$ well as a conc8rt by the English Chamber Choir.
Major works Ca￿led out in 2024 were exclusively to repair the Cathedral pews. Minor works included repair
and reproduction of broken Cathedral Window. electrical works around Church, Garden and Vicarage. patio
cleaning and pointing work. new lock for main door of crypt and new carpet for Cathedral which was offsel
by a donation from Mr Filippos Lemos.
The Cathedral has appointed a new Dean. The Very Reverend Archimandrile Nephon Tsimalis. The Very
Reverend Archimandrite Father Theonas Bakalis has been appointed Dean Emeritus.
Financlal Revlew
The Charity continued to receive the majority of its income from subscription fres for services, donatton5 and
offerings. Income from these sources was broadly in line with that of Ihe previous year.
The Chur¢hwardens and Tnjstees report total income of £504,942 {2023'. £414,854} and total expenditure of,
£494,581 (2023.. £384,824} leaving 8 gain of £10,361 12023.. £30,030)- A gain of £120,58512023.' £94,739)
arose on realised and unreallsed movements on investments leaving an overall profrt forthe year of£130,946
12023.. £124,769).
Investment Powers and Pollcy
The Charity's constitution allows the Trustees to invest in accordance wilh the powers set out in the Tnjst
Deed. The investment agreement with Rathbone Investment Management Ltd provides for management of
the funds on a discretionary basis.

The Grook Cathedral Thist Fund
Report of tho Churchwardans and Trustses
Re$aNos Pollcy
Th8 Cathedral Trust FurKI maintains reserves which the Trustees deem appropriate forthe officient operation
ofthe Cathedral and its Trusts and ftr the generation of additional inwme on a prudent basis.
Funds held for investrnent are earmarked for thè fuiure repair and maintenance of the property which is a
Grade 1 listed building.
The Trustees o)nsider that th8y should be able to meet management and administration expenses for a
perKJd of four months and as a consequence a level of free reseNes of £100,000 excluding investments held
is considered appropriate. The actual reserves exceeded the required laval and amounted to £373.089 {2023-
£351,496) excluding investments and T￿ed assets.
Key Managemont Romunoration Poli¢y
The key management ofth8 Charty are the Trustees and Churchwardens. Tho Twstees and Churchwardens
do rK*t receiv8 any remuneration or ben8fits in kind.
Charity's Public B•nofrt
The Trustses have had regard to the Charity Commission's guidance on public b6nofit.
The TrLEStees have ensured that all activities throughout the year have been in the interest of public benefit.
This is evidenced by the continuing work undertaken to keep the building open to the general public, provide
religious and educational experience and to maintain a building of religious and histortcal signfficance.
Plans for Futuro Poriods
Within the available finanaal resources of the Charfty. the Trustees plan to continue with the plann&
restoration works in the Cathedral and to encourage increased engagement with and att&ndance at the
Cathedral..
The Cemetery En¢l¢)gures Twst
In February 2024. the trustees of the Cemetery Endosures Trust submltted thelr proposal for a cy-près
scheme to the Charity Commission. Their new scheme would remove the Assemblls d1￿CtiVe powers and
sever the link btheen the charities. The Cathedral had been offered an earty draft to review and submitted
comments in February 2023 objecting to the proposal. The Cathedral's lawyers are in the process of
registering a fomi81 obj'ection to the 8cheme.
In December 2024, the Trustees ofthe cemetery Enclosures Trust infomied the Charty Commission that
they were consid8ring making a resolution under Section 280Ato alterthe purpose of trteir Charity. In effect,
this has put a pause to their proposal for a cy%Jrès scheme. which they had been preparing since 2021.
Regrettably. this course of action will extend the Cathedral's 8XP8nditure on legal advlce throughout 2025
and into 2026.
ar of tha ChurdJwardens and Trustees
J. Hadjipateras
Chair

The Greek Cathedral Trust Fund
ststement of ChurGhwardens' and Trustge$' Responsibilities
The Trustees are responsible for p￿parIng the Trustees. Annual Report and the financial statements in
accordan￿ with applb¢able law and Uniled lfjngdom Accounting Standards (United Kingdom Generally
Accepted kncounting Pffjctice}.
The law appli¢able lo Gharilies in England and Wales requlres the Trustees to prepare finanei21 statements
for each financial yearwhich give a true and fair view of the slate of affairs ofthe charity and of the incoming
resources and application of resour￿$ of the charty for that period. In preparing these finan¢lal
statements, the Trustees are required lo..
select suitable a¢¢ounling policies and then apply them conslstently.
observe the methods and principles in the Charities SORP.,
make judgements and accounting estimate$ that are reasonable and prudent,.
State whether applicable accounting standards have been followed. subject to any material
departures disclosed and explained in the financial statement.. and
prepare the financial statements on the golng ¢on¢orn basis unless il is inappropriate lo presume
that the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any tlme the flnanci81 position of the Charity and enable them to ensure that the financial
statements comply wtth the Charities Act 2011. the Charity IA¢counts and Reports} Regulations 2008 and
the provlslons of the trust deed. They are also responsible for safeguarding the assets of the Charity and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Indepondent Audltof's Report to tha Trustses of Tho GTggk Cathodral Trust Fund
Oplnion on the financial Statgments
We have audited the financial statements of The Greek Cathedral Trust Fund (the 'charity') for the year
ended 31 Decgmber 2024 which comprise the Statement of Financlal Actwities, Statement of Financial
Position, Statement of Cash Flows and notes to the financial statements. including a summary of significant
accounting policies. The finanoal reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including FRS 102 Th6 Financial Reporting
standard applicable in the UK and Republi¢ of Ireland. Iunitgd Kingdom Generally Ac¢apted A¢¢ounling
Practiee)-
In our opinion the financial statements..
give a true and fair view of the state of the charity's affairg as at 31 December 2024 and of its
Incoming rnsources and application of resources, for the year then ended-,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.. and
have been prepared in accordan¢e wth the requirement5 of th? Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Internalional Standards on Auditing IUKI (ISAS {UKII and
applicable law. Our responsibilities under those standards are further descrlbed In tha AuditoRs
responsibilities for the audit of the financial ststemenls section of our report. We are indepandant of tho
charity in accordance with the ethical requirements that are relevanl to our audit of the financial ststements
in the UK, including the FRC'S Ethical Standard, and we have fvlfilled our ethical responsibilities in
accordance with these requirements. We b81ieve that the audit ftvidence we have oblalned is sufficient
and appropriate to provide a basis for our audit opinion.
Concluslons rolating to going concern
In auditing the financial statements, we have Goncluded that the trustees, use of th8 going conc&m basis of
accounling in the preparation of the financial statements is appropriate.
Based on the work we have perfomied. we have not identified any rnaterial uncertainlies relating to events
or cond(tions that, individually or collectively, may ￿$1 significant doubt on the ￿Mpan￿S ability to continue
as a going con￿rn for a period of al least I￿e1ve months from when the financial statements are authorised
for issue.
Our responslbllltles and the re$ponsibilitie8 of the trustees with respe¢t to going concem are descrlbed in
the relevant sections of this report.
Other Inforniatlon
The trustees a￿ responsible for the other information. The other infO￿natIon comprises the information
Included in the annual report, other than the financial statements and our audilorfs report thereon. Our
opinion on the financiAI statements does not cover the other infomation and, except to the extent olherwise
explicidy stated In our rnport, we do not express any form of assurance ¢ondusion thereon.
In connection with our audtt of the )Inancial statements, our responsibility is lo read the other infonnation
and, in doing so, consider whether the other Infomiation is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we
identify such mat8rial inconsistencie5 or apparent material misstatements, we arg required to determin¢
whether there is a material misstatement in the financial statements or a material rnisstalement of the other
Information. If, based on the work we have performed, we conclude that there is a material misstatemenl
of this other infomiation, we are required to report that fact.
We have nothing lo reF)Ort in this regard.
Matters on which wg are requlred to report by exception
We have nothing to report in respect of the following matt&rs wh8re the Charities Act 2011 requiras us to
report to you rf. in our opinion:
the information given in the financial statements is inconsistent In any material respect wlth the
trusteeg, report.. or
sufficient accounting records have not been kept.. or
the financial statements a￿ not in agreement with the a¢¢ounting records,. or

Ind•p•nden* Audito￿$ Report to the Trn$tses of The Greek Cathedral Tru¥t Fund (Gontinued)
certain disclosures of tnjstees, remuneration specffied by law are not made- or
we hava not received all th¢ infomiab'on and explanations we require for our audit.
R•sponslbllitlo$ of trustggs
As explained more fully in the ststement of ¢hurchwardens' and Iruslees. responslbilltles, the trLSStees are
responsible for the preparation of the financial statements and for boing salisfled that they give a true and
fair view, and for such intemal control as the trustees dete￿Ine is necessary to enable the preparation of
financial slalements that are free from material misstatement, whether due to fraud or error.ln p￿parIng
the financial statements, the trustees ar8 responsible for assessing the charity's ability to continue as
going concem, disclosing, as applicable, matters related to going concern and using the going concem
basis of accounting unless th8 tfusle8s either intend lo cease opeffjlions, or have no realists'c altemative
but to do so.
Audltorfs responslbllltias for the audit of the flnancial staterngnts
We have been appointed as audiloT under section 144 of the Charities Act 2011 and report in accordance
with the Act and relevant regulations made or having effect thereunder.
Our objective8 are to obtain reasonabl8 assurance about whether the financial statements as a whole are
free from material misstatement, whetherdue to fraud or error. and to issue an audf(orfs report that includes
our opinion. Reasonable assurance is a high level of assurance. bul is rsot a guarantee that an audit
conducted in accordance with ISAS (UK} will always delect 8 material mis$talement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis oflhese
financial stat8mgnts.
Irregularities, including fraud, are inslances of non-complian￿ with laws and regulations. We design
procedures in line with our responsibilities, ouuined above. lo detect material misstalemenls in respect of
irregularities, including fraud. The extent lo which our procedures are capable of detecting irregularities,
in¢ludlng fraud is dotalled below.
Explanation as to what pxtant tho auditwas Gonsidorgd capablg of delectlng Irregularltles, Includlng
fraud
The objectives of our audit in respect of fraud, are,. to identify and assess the risks of malerial Trisstatsmgnl
of the financial statements due to fraud., to obtain sufficient appropriate audit gvidenGe regarding the
assessed risks of material misstatement due lo fraud, through designing and implementing appropriate
responses to those assessed risks: and to respond appropriately to instances of fraud or 5uspeded fraud
identified during the audit. However, the primary re$ponsibility for Ihe prevention and deteGtion of fraud
rests with both management and those charged wilh govemanGe of the Gompany.
Our approach was as follows-
We obtained an understanding of the legal and regulatory requirements applicable lo the company
and considered that the most signrficant are Ithe Companies Act 2006, UK financial reporting
standards as issued by the Financial Reporting Council, and UK taxation legislation]
We oblalned 8n understanding of how the company compl188 wSth these requlrements by
discussions with managernenl and Ihose Gharged with govemance.
We assessed th8 rlsk of material misstatement of the financial statements. including the risk of
material misstatement due to fraud and how rt might occur, by holding discussions with
managemenl and those charged with govemance.
We inquired of management and those charged with govemanGe as to any known Instances of
non-¢ompliance or suspected non-compliance with laws and regulations.
Based on this understanding, we designed specific appropriate audit procedures lo identify instances of
non-compllance with laws and regulations. This induded making enquiries of management and those
charged wlth governance and obtaining additional corroborative evidence as r8quired.

Indopendgnt Auditovs RBport to the Tru$te•s of The Greek Cathedral Trust Fund (contlnued)
Other matters which we are requlr8d to address
Your attention is drawn to the fact that the charity has pr8pared financial statements in a¢cordanGe with
'Accounting and Reporting by Charities: 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 (FRS 102)° las amended) in preference to the Accounting and Reporting by Charities..
statement of Recommended Practice issued on 1 April 2005 which is referrod lo in the extant r8gulations
but has now been withdrawn.
This has been done in order for the financial statements to provlde a true and fair vlew In accordance with
current Generally Accepted Accounting Practice.
A further description of our responsibilits'es is available on Ihe Financial Reportlng Councll's website at=
https'.IlwvM.frc.org.uklauditorsresponsibilities. This descriptH)n forms part of our audhorfs report.
Uso of our report
This report is made solely lo the charity's tnjstees, as a body, in accordance with Chapter 3 of Part 8 of the
Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken
so that we might state to the charity's trustees thos8 mattèrs we are required to slate lo them in an auditor's
report and for no other purpose. To the fullest extent permitted by law. w8 do not accept or assume
responsibility to anyone other than the charity and Ils trustees as a body. for our audit work, for this report.
or for the opinions we have fomed.
Francis Corblshloy, (Senlor Statutory AudStor)
For and on behalf of Moore NHC Audit Limited, Stslutory Auditor
East Wing,
Goffs Oak House
Goffs Lane,
Hertfordshire
EN7 5GE
Dale..

10
The Greek Cathedral Trust Fund
Statement of Financial Activities
For the year •ndod 31st Decembgr 2024
2024
Unrestricted
Funds
2023
Unrestricted
Funds
Nol8
Income from:
Donaltons and legacies
Charitable a¢tivities
Investments
Other
256.815
123.333
78.261
46,533
207,487
104,843
64.900
37.624
Total
504.942
414.854
Expendlture on:
Raising fvnds
Charllable actlvities
13,700
480.881
13,200
371,624
Total
494,581
384,824
Net {expenditure) l income befor•
gains and losses on investments
10.361
30,030
Realised and unreallsed net {lo$$es)
Igains on investments
120.585
94,739
Net Income belng
net movement In funds
130.946
124,769
Totsl Fund5 brought forward
3,533,539
3,408,770
Total Fund5 Garrled forward
3,664,485
3,533,539
The Ststement of Financial Activtties indudes all gains and losses rets)gn￿ed in the year.
All income and expenditure derNed from continuing activities.
In respect of both year5, all funds and related inoome and expendf(ure are unrestricted.
The notes on pages 13 to 22 fomi part of these ￿nancIal statements.

11
The Greak Cath•dral Trust Fund
Balaneg Sheet
As at 318t Docemb8r 2024
Fixed Assets
Tangible assets
Investments
5,292
3,286,104
7,056
3.174,987
3,291.396
3.182,043
Current Assets
Debtors
Cash at bank and in hand
11,796
402.853
7,158
386,441
14
414,649
393.599
Llabllltles
Creditors, amounts falling
due wtthin one year
10
141.560)
142.1031
Nèt Curront Assets
373.089
351,496
Creditors, amounts falling
Du8 greater than one year
10
Total Net Assots
3,664.485
3.533,539
The Funds of the Charlty
Unrestricted funds
11112
3,664.485
3,533,539
Totsl Charity Funds
3,664,485
3.533,539
Approved by the Trustee on
Trust88
The notes on pages 13 to 22 form part of Ihese financial statements.

12
The Greek Cathodral Trusl Fund
statement of Cash Flows
For the year ended 31st Decembèr 2024
Totsl
2024
Total
2023
Cash flows from operatlng activlties..
Net cash froml(usad In) oporatlng actlvltles
13
171,317)
186,281)
Cash flows from invèsting activitios:
Dividends and irrterest from investsnents
78.261
758,208
1585,4461
1163.294}
64.900
482,462
(560,1211
92,404
Proceeds from sale of investrnents
Purchasg of investsnents
Transfers tol{from) investments
Net cash provld•d by Investlng aGtlvltlgS
87,729
79,645
Change In cash and ¢ash oquivalents in the reporting
perlod
16,412
(6,636)
Cash and Gash oquivalgnts at the beglnnlng of tho
r•porting pgriod
386,441
393.077
Cash and ¢ash oqulvalonts al tho ond of the reportlng
period
14
402,853
386,441
The Grnek Cathedral Trust Fund

13
Flnanclal Statements for the year ended 31st Decembèr 2024
Nots8
Prlnclpal accountlng policies
(a) Basis of accounting
Thg financial statements are prepared in a(xxryrdance wth 'Accounting and Reporting by
Charities- Statement of Recommended Practice applicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102) leffeclive 1 January 20201" and the Charities Act 2011.
The financial ststements have departed from the Charities {Accounts and Reports)
Regulations 2008 only lo the extent required lo provide a true and fair view. This departure
has involved following the Statement of Recommended Practice for charities applying FRS
102 rather than the version of the Staternenl of Recommendéd Practic8 which ig referred to In
the Regulations but which has since been withdrawn.
The financial statements are prepared in steding, which Is the functional currency of the
charity. Monetary amounts in these finan¢ial slatem&nts ara rounded to th8 nea￿$1 £.
The financial statements have been prepared under th8 hlstorical cost convention, modrfied
for the revaluation of investments. The financial statements inGlude the income and assets of
the Churchwardens, account, the Cathedral Trust Fund, the Cathedral, Land and Vicarage Trust.
(bl Fund accounting
Unrestricted fvnds are available for use at the discretion of tha Tfuslees In furtherance of
the general objeclnies of the Charity.
Restricted funds comprise funds receNed from donors forthg puiposes specified by them
or by the appeal that gwe rise to the donation.
In the re￿ling period and in the prior period all funds received were unrestricted.
(c) Income recognition
l incoming resources are Included in the Statement of Financial Activities {SOFAI when th8
Charity becomes legally entitled to the income, it is probable that the income will be recelved
and the amount ¢an be quantified wrth reasonable accuracy. The frjllowing speofiG policies also
apply-
Subscrfplions incom is recognised when entiliement is met.
Fees for $6rvic85 (weddings. christenlngs. fvneralsl are recognised whon the s8rvi¢e Is
perfom)ed.
Offerings a￿ recognised when received.
Ganeral donations ara credited lo unrestricted funds when received.
Legacies are credited lo unrestricted fvnds when it Is probable that the income will bg
received.
Donation5 rec8Ned fc41owing a specific appeal are credited to restrtcted funds when
received.
Investment income is creditod on an accrua18 basts.

14
The Grn•k Cathedral Trust Fund
Flnandal Statements for the year ended 31st December 2024
Notes (Continued)
Prln¢lpal a¢Gtsuntlng pollcles {Contlnuèdl
(d) Expenditure recognition
Llabllhies are recognlsed as expenditure as soon as there is a legal or constructive obligation
committing the Charfty to that expenditure. it is prob8ble that settlemenl will be required and the
amount of tha obligalon (an be measured reliably. All expenditure is charged to the SOFA on
an accruals basis.
Charitable expenditure comprises those costs inCu￿ed by the Charity in the delwery of its
activities and seThices to ils beneficiaries. It includes goveman¢e and sUPPOrt costs.
The costs ofraising funds do not include any allocated costs as these are deemed to arise
sdely for the charStable activlties of the thurch.
Govemance costs indude those costs associated with meeting the constitutional and
statLrtory requirements of the Charity and include the audit fee and any costs linked to the
Strateg￿ management of the Charrty.
Support and governance o)sts a￿ allocated to costs of raising funds and charitable activities on
an actual invoud basis consistent wth the use of these resources.
{el Foreign currencigs
Transa¢tions denominatsd in foreign currencies are tronslated into sleTling al the rates ruling at
the date of transaetion.
Assets in foreign currencies are r&translated into sterfing at the rates ruling al the balance sheet
dale.
Heritage assets
The Cathedral, vitsrage, land and sacr&J objects are not capitalised on the balance sheet sinc8,
in the opinion of the TTUStees, they are inalienable or historic assets and there are material
restrictions on their realisation. Due to their nature. the Cost or reliable valuation of such assets
is not availabb and the Trustees are of the opinion that to obtain suoh a valuation is not
commensurale wllh the benefrt to users of these financial statements. Expenditure incurred after
Ihelr aCqLEiSttion has been written off in the year of expeThJiture lo the extent it relates to the
malntenance and upkeep of the assets.
(g) Tafigl￿e fixed assets
Plant and ma¢hinery18 stated at Cost less accumulated depreaation. Depreciation is calculated
on a Straight Ilne basis so 8S to write off Ihe cost of the asset over a period of four years.
Office equipment is stated at cost less accumulated depwlation. Depreclation is cal¢ulated on
a straight line basis so as to write off the cost ol the asset over a period of years.
Fixtures and fitbngs is stated al cost less accumulated depretiation. Depreciation is calculated
on a straight line basis so as to write off the cost of the asset over a period of three years.

15
The Grgèk Cathèdrnl Trust Fund
Financlal Statements for the yoar onded 318t December 2024
Noles Icontinugd)
{hl Tangible fixgd ass8ts (Continuodl
Assets costiro £1,000 or more are capilalised as tangible fr8d assets and are carrted at cost,
net of deprwation and any provisions for impalrm&nl.
Valuation of inv8slm8nl assets
Inveslments are a fom of basic financial instrumenl and are initialty ￿COgnised al their
transaction valu8 and subsequenUy measured at their fair value as at the Balance Sheet date
using the closing quoted market pri￿. The Statement of Financial Activities includes the net
gains and losses arising on the revaluation and disposals throughoLrt the year.
The Fund does not acquire put options, derivatives or othgr ¢i)mplgx financÈal instnJm8nts.
The main form of financial risk fac8d by the FurKJ is that of volatility in equity markets and
investment markets due to wider economic conéitions. tho attitude of investors to investment risk
and changes in sentiment conc8ming equities and within particular sectors or sub-sectors.
(i)
Gainslloss8s on investment assets
All gains and losses are taken to the Stalement of Financial Activities as th8y arise.
Realised gains and losses on investments are calculated as the difference betsveen sales
proceeds and their markelvalue althe start of the year orlheirsubsequent cost, and are charged
or credited to the Ststement of Financial Activities in the year of disposal.
Unrealised gains and losses ￿present the movement In market values during the year and are
credited or tharged to the .Statement of Financial ActNities based on the market value at the
year end.
Ik) Going concem
The Trustees assess whetherthe use olgoing concern is appropThate, i.e. whether there are any
material uncert8inlies related to ev8nts or condltions that may cast significant doubt on the ability
of the charity to continue as a going concem. The Tnjstees make this assessment in ￿Spect of
period of one year from the date of approval of the finanaal statements. The Trustees conclude
that there are no malerial un¢ertainties aboul the Charrty's abilty to continue and accordingly
the financial slalements are prepared on a going concern bÈsi$.
Critscal judg8ments and estimate
There are no significant areas of judgement or key assumptions that affect items in the financlal
statements with respect lo the reporting period for the year endad 31 December 2024. The most
signfficant araas of uncertainty that effect the carying value ofassets held by the Chanty are the
level of investment retum and the perfomiance of the investment markets and any outcome on
the principal risks and unGgrtainlies that face the Charty on a day lo day basis. as explain8d
within the investment policy and risk management secttons ofthe Churchward8ns' and Trustees,
report.

16
Thè Groek Cathedral Trust Fund
Flnanclal Statements for the ￿•r 9nded 31st Oècambgr 2024
Notes (Continued)
Incomo and endowments
Donallons and legacle8
2024
2023
Subscriplions
Offerings
Donations
10,250
165,978
80,587
6.500
129,576
71,411
256,815
207,487
Charltable a¢tlvltles
2024
2023
Fees for services
Crypt income
95,665
27.668
77,980
26.863
123,333
104.843
Inv•$trngnt Incomg
D&posll Snteresl
Income from Ilsted Investsmenls=
UK
17,270
7.725
60,991
57,175
78,261
64,900
Other In¢ome
46,533
37.624
Total Incorn8
504942
414,854
Donatlons ond legacles
Donations to the Church are made by members oflhe Confralernlty, the congregation and others.. Tho
Trustees do not consider it approprlate to publlsh details of such donatlons but wlsh lo thank all those
who have 98nerousty gfven for the conlinulng malntenan* ofthe Church.

17
Thg Grgek C3thgdral Trust Fund
Financial Statemonts for the y8ar ended 31st Decambor 2024
Notes {Continuedl
Expgnditure
Raising
ftjnds
Charitable
activities
Total
2024
Total
Stipends and staff costs
Choir fees
Insurance
Audrt fee
Printing, postage and stslionery
Telephone
Church expenses
Candles
Eleclrlclty and water
Healing and fuel
Rates. council tax
Mlnor repairs
Major works
Maintenance contracts
Legal and professional fees
Donations
Investment serv5￿ charge
Depreciation
Bank chargeslother
Subscriptions
Loan interest
150,696
34,271
50.731
12,762
2,121
3,351
55,918
4,547
7,266
5,321
3,329
25,152
64,702
16,651
36,184
5.000
150.696
34.271
50,731
12,912
2,121
3.351
55,918
4,547
7,266
5,321
3,329
25,152
64,702
16,651
33,607
5,000
13,700
1,764
785
327
122.235
32.180
43.273
13.260
2,781
5,281
46,220
7,126
5,117
6,317
9,924
21,062
19,071
24,345
8.000
13.200
2.421
705
292
2,014
13,700
1.764
788
327
Totsl expendlturg
13,700
480,881
494.581
384,824

18
Thg Greek Cathedral Trust Fund
Flnancial Ststemgnts for thg year ended 31st December 2024
Nolas (Conllnued)
Employogs and staff costs
2024
2023
Wages and salaries and other staff costs
Social security costs
143,347
7,349
118,026
4.209
150.696
122,235
The average monthty number of persons
omployee by the Charity during the
year was
No employee received employee bertgffts (excluding pension Gontribulions) in excess of £60,000 a
year during 2024 or 2023.
Key managementofthe Charty are regarded as its Trustees and Churchwardens. They dld not rece￿8
remuneration or beneffts in kind.
Trustees. expenses and remuneratlon
As explained above, the Trustees are not remuneraled did they receive any benefits in kind and
fterther did they daim gxpenses for attending meetings and dutKgS related to their duties as trustee.
Tanglble flxed ayets
Plant
and
machine
Fixtur8S
and
fittin
Computer
Total
Cost
At 1st January 2024
Additions
81,985
2,805
28,340
113,130
At 3181 December 2024
81,985
2.805
28,340
113,130
A¢¢umulated depreGiation
At 1st January 2024
Charge in year
74.929
1.764
2,805
28,340
106,074
1,764
At 31st DeCem￿r 2024
76.693
2,805
28,340
107,838
Net book value
At 3181 December 2024
5.292
5,292
At 31st Decemter 2023
7,056
7,056
The Cathedral, vicarage, land, and sacred oblects are not capitalised as explained in Note 1{9}. The
assels are maintained through a programme of repalrs and are Insured at 8 value of £32.2 million to
protect against their loss and damage.

19
The Greek Colhodral Trust Fund
Financlal Statements for thg year 8ndgd 31st DgGgmbgr 2024
Notes (Continu￿)
Investments
Ltsted investment$=
2024
2023
Shares end securitles..
Market value..
At 1st January 2024
Additions, at cost
Disposal proceeds
Realised nel Ilossesll gains on disposals
Unr8alised net Ilosses>l gains on revaluations
3,092,629
585,446
{758,2081
14,949
105,636
2.920.231
560.121
1482,4621
17,500
77.239
At 31st December 2024
3.040,452
3,092,629
C8sh.'
ht 31st December 2024
245,652
82,358
Total Shares. Securities and Cash
3,286,104
3.174.897
Historic cost.
At 31st December 2024
2.648.542
2.475,414
The portfolio 1$ spread aeross the following categories of investment and Iheir fair values are as
follows..
2024
2023
Fixed income
UK Equities
Overseas Equitles
Altematlve Equiles
Cash
907,765
490,460
1,338,579
303,648
245,652
1,055,857
511,428
1,161,527
363,817
82,358
3,286,104
3,174,987
Al investrnents are held prirnari￿ to provlde an investment retum for the charlty.
The fojlowing investments exceed 5% of the total portfolio value..
Market value
JPM American Inv Trust PLC
180,800

20
The Gmk Cathedral Trust Fund
Financial Ststoments forthe year ended 31st D8cemb9r 2024
Not95 (Contlnugd)
Debtors
24
2023
other debtors
Prepayments
3.901
7.895
7,158
11,796
7,158
10. Creditor¥
2024
2023
Trade credftors
Accruals and deferred Income
Other creditors
6,969
33,331
1,260
4.444
37,659
41,560
42,103
11. statement of funds
As 8131 December 2024..
Broughl
Fo
Gainsl
losses
nditure . ￿ Transfers
Total
Churchwardens, Fund 350.443
Cathgdral Trust
Fund
433,817 1472,148)
66,997
379.109
3.183,096
71.125
122,433) 120,585 166,997)
3.285,376
3,533,539
504,942 1494,581) 120,585
3,664.485
As a131 Dgcember 2023..
Brought
Forward
Gainsl
Ex
endllu
Income LOLI Transfers
ses
Total
Churchwardens, Fund 296,444
Cathedral Trust
Fund
351,470 (362.471)
65,000
350,443
3.112.326
63,384
(22,3531
94,739 (65.000)
3.183,096
3,408,770
414,854 (384,8241
94,739
3,533,539

21
The Gregk Cathgdral Trust Fund
Flnanclal Statsrnents for Ihe year endad 31st DeCeM￿r 2024
Notes (Contlnued)
12. Analysls of net assots betwoen funds
As al 37 Dgc9mber 2024..
Nel
Current
tsi
Tangib18
Assets
Investm8nts
Churchwardens. Fund
5,292
373,817
379,109
Cathedral Trust Fund
3,286,104
(7281
3,285,376
3,286,104
5.292
373,089
3,664,485
As at 31 December 2023..
Net
Tangible
Assets
Current
Investments
Totsl
Churchwardens. Fund
7,056
343,387
350.443
Cathedral Trust Fund
3,174,987
8,109
3,183,096
3,174,987
7,056
351,496
3,533,539
13. Cash fl¢yws from op•rating activltles
2023
Net incomelldeficit} for the reporting period
Adjustments for:
Depreciation
(Gainslllosses on investments
Asset ladditionsydisposals
Dividends. interest from investments
(In￿ease)/ decrease in debtors
Increasel(decrease) in creditors
130.946
124,769
1,764
1120,5851
2,421
194,739)
178,2611
{4,638)
(543)
{64,900)
2,062
{55,894)
Ngt cash froml{u8ed In) operatlng a¢tivltles
{71.317)
{86.281}

22
The Greek Cathedral Trust Fund
Flnanclal Statements for the year ended 31st December 2024
Note5 Iconllnued)
14. Analysls of ¢hangos in not dgbt
At 1 January
2024
At 31 December
2024
Cash 11ows
Cash at bank and in hand
386,441
16.412
402.853
386,441
16,412
402,853
15. Related party transactlons
There were r¢0 related party transactions to report.

Tho Greek Cathedral Trust Fund
ch￿￿hward0ns, Accounts
Incomo and Expenditure Account
For th8 yoar gndgd 31st Decomber 2024
2024
Unrestri¢tod
Funds
2023
Unrestricted
Funds
Income
Cathedral subscripttons
Fees for services
Offerings
Donations
Crypt income
Other income
Contribution from Trust for Church maintenance
Interest
10,250
95,665
165,978
80,587
27,668
46,533
66,997
7,136
6,500
77,980
129,576
71,411
26,863
37,624
65,000
1,516
Totsl
500.814
416,470
Expènditurn
Stipends and staff costs
Choir fees
Audit fe8
Printing, postage and stationery
Telephone
Church expenses
Candles
Electricity and water
Heating and fuel
Rates Council Tax
Minor Repairs
Major Works
Maintenance ¢ontracts
Cathedral building insurdn¢e
Donations
Legal and profassSonal ¢￿ts
Subscriptions
Bank chargeslother costs
Depreciation
Loan interest
150,696
34.271
6,381
2,121
3,351
55,918
4,547
7,266
5,321
3,329
25.152
64,702
16.651
50.731
5.000
33.832
327
788
1.764
122,235
32,180
6,630
2.781
5,281
46,220
7,126
5,117
6,317
9,924
21.062
19,071
43.273
8,OCX)
21.822
292
705
2,421
2.014
Total
472.148
362.471
Ngt movements In funds
28.666
53,999
At 1st January 2024
350,443
296,444
At 31sl December 2024
379,109
350,443
In respgGt of both years all funds and relaled Incom8 and exp8ndf(ure ar& unrestrided.
This page is for management informats'on only and does notform part of the audited financial statements

24
Th• Grgek Cathedrnl Trust Fund
Churchwardens. Accounts
Balance Sheet
As at 31st December 2024
2024
2023
Flx•d a8$0ts
Tangible assets
5,292
7.056
Curront assets
Amounts due from Cathedral Trust Fund
Prepayments
Cash at bank
Other debtors
65,105
7,895
326,155
3,901
56.645
7.158
309,743
403,056
373,546
Credltors, amounts falllng due
wlthln on• y•ar
Trade creditors
Accruals and defe￿ed income
Other creditors
16,9691
(21,0101
{1,2601
14,4441
(25,4651
(2501
(29,2391
130,1591
Net current assots
373.817
343,387
Total a￿•ts
379,109
350,443
AGGumulalgd funds
Unro5tri¢t•d funds
379,109
350,443
RoStri¢tsd fvnds
379,109
350,443
Approved by Ihe Churchwardens on
This page is for management information only and does not fomi part ofthe audited financial statements.

25
The Greek Cathedral Trust Fund
Thg Cathgdral Trust Fund
Income and Expendlture Account
For the year onded 31st Decambor 2024
2024
2023
Incomo
Investment income
Interest
60.991
10.134
57,175
6,209
Total
71,125
63,384
Expnditure
Contribution to Churehwardens
for Church maintenance
Audit fees
Investrnent service charge
Other expenses (bank charges etc.}
Legal and professional costs
66,997
6,381
13,700
65,000
6,630
13,200
2.352
2.523
Total
89,430
87,353
Net lexpendlturel before
gains and losses on investments
118,3051
123,9691
Gainl(lo$$) on invostment assets
120,585
94.739
Net movement In funds
102,280
70,770
At 1st January 2024
3,183.096
3.112,326
At 31st December 2024
3,285,376
3,183,096
This page18 for management information only and does not fomi part of the audited financial slatements.

26
Th• Greek Cathedral Trust Fund
Thg Cathedral Trust Fund
Balance Sh8gt
As at 31st Decemb8r 2024
2024
2023
Investments
3.286.104
3,174,897
Current assets
Cash at bank
76,698
76,698
Credltors. amounts falllng
due wlthln one year
Accruals
Amounts due to Churchwardens
112,3211
(85.1051
111,9441
156,6451
177,4261
{68,589)
N•t current assetsl(Ilabllltle8)
1728)
8,109
Ngt assets
3.285.376
3,183.096
Accumulatod funds
3,285,376
3,183,096
Approved by the TTUStees on
This page is for management infomiation only and does not form part of the audll&d financial statements.

27
The Greok Cathedral Trust Fund
Subscrlbors for 2024 to tho Calhodral and to the Constantlnople Patrlarchate Fund
Cathedral
P triarcha
Mr P ANani18kls
Mrs C C8roussls
Mr A Catsiapis
MrJ Chandris
Mr M Chandris
Mrs T Chandris
Mrs M Coccolatos
rs M Edgerly
Mr N Dananlanas
Mr SJ Fafalios
Mr DJ Fafalios
Mr A Fafalios
Mrs E Fafalios
Mr J Fafalios
Mr N Gavrilov
Mr J Hadjlpateras
Mrs A Konzotls
Mrs R Konzots's
Mr G Kountouris
Mr EJ Kulukundis
Mrs S Kydoniefs
Mr M Lemos
Mrs E Lemos
Mr C Lemos
Mrs A Lemos
MrA Lemos
Mrs M Lemos
Mr M Lykiardopulo
Mr J Lyras
Mrs E Lyras
MrA Margaronis
Mr K Mossios
Mr J Paleoerassas
Mrs M Proestos
Ms A Protopapas
Ms M Sakarellou
Mr J Souglides
Ms A Spanopoulou
Ms l Theodorou
Mr N Tsarouchris
Mr K Wang
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
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
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
£9.020.00
£1,230.00
TOTAL
£10,250.00