REGISTEREDCHARITY NUMBER.. 273104 REPORT FTH£TRiisfEESAND Fl AIICIAL TA'J. TIIE YEAR LD 31 DECEMIIER 2024 sr. BARYAIJAS CREEK ORI'HOD()I COMM(INrrY FUND G. Gcor8c Assoctaics Limitcd C.harfered Certified A¢eounlants nd Siaiiitory Audiiof5 12 fjaieway Mew$ Ring W8y IrJ017 N112UT
ST. BARI4ABAS GREEK OR'fiioDOX COMhlllNtrY FUND CONTENTS OF TIIE FINANCIAL STATbMb.NTS ORT FAR ENDFD 31 DecembÉr 2024 Pwgf RtkreDce md Adminlstrative DotRi Rèport o¢the TrMsi¢¢8 R¢pori orth¢ Ind¢p&ndtnt Auditors Stsltment of Finnci•l Activities Balance Shcct io C*sth Flow Statement otes to the Cash Flow Sfitement 12 Notes to lh¢ binanciAI Sia(ements 13 ts) 21 Ddiiled StAttment of Fina1•1 AclivitieJ 22 to 23
ST. BARliABAS GREEK ORTHODOX COMMIIN FUI¥4D REVLREliCE AND ADMINISTRATIVE DETAIIS FOR TFIE YEAR ENDED JI December 2024 TKLP-LS Archbishop Nikiias Liouliss Bishop lak0 Savva5 Mr Pai1$yiI5 Miliiadou Dr Andrcas P¢leiidrides Mr Mrios Minaides Mr Gregory Palos Mr Prodromos Adamou Mr Anastssios Herod'orou Mr Ptslis Poly¢Jrpou Mr Christopher Christofi Mr Aiidreas Vasili Mr AIiLlrcas Cot)slaniirJides Mr Diinilrios Angeleios {rcsi8ned I l.11.241 Mr5 Mary Mcropi Kyrriaco PRINCIPAL ADDRE&S 22 Trinity Road Loj0n N22 8LB RLGIST£RF.D CIIARI'rY N111BR 273104 JNI)EPENDF.NT AUDITORS O. Oeorge Associas Limiird Charted CetTifi¢d Ar¢ountants and SiatirtL¥ry Audilor 12 Gaiei¥ay Mews Ring Way Nll 2U'I' SOLICITORS Nicfvolis & Co Soltciiors 10 B0rI¢* C.10s• Londo W'IW7LIR IIANKERS Metro Ilank One Soiithampfon Kow London WCIBiHA Barclays Bank I Churcliill Place LId0 E14 SHP Page I
I,. BARNABAS GREEK ORTIIOD FUND MMUNrrY IlkPORT OF TIIY TRusfEES FDR THE YEAR ENDED 31 Dttembtr 20Z4 The trusÈees pteseni their repory wilh ihp financial statements of lh¢ ¢hariiy for rhe year ¢iided 31 De¢¢mr 2Q24. The trusle6s h•vc adopted the PTQVi5ions of Accn11ng and Reporning by Chgriti¢s.' Si&t¢iiicnl of ReeiNnmended Pra¢rice •pplicable to chariii¢s pr¢parin8 Iheir a¢¢oiints in Hccordancc with rfie Fin8rt¢ial Reporting Srandard app[•ie irt the UK aiid Republic of Tr•l¥nd IFRS 102) {¢ffe¢tiv¢ l Jaiiuary 20191. OBJECTIVL8 Af4D A¢TII?ITIES Objectives nd aim5 The objeLiives of ih¢ charit). is 10 promote the Greek OrthDdoK rrligion and educaiion a5 set Qui in its governing thxume4bL A siimmAry of the objects ofthe ¢h•rily A$ set tsut ID Ils gov¢rnlthg documeMt Th¢ obj¢£iiv¢5 Qf the Si. Barnabas Greek OrthD(bx c0tnmuIty Fnd are to promo¢¢ th¢ Grttk. Ortkndox filth and Greek Offliodox charitable in5tiiulions for the old and si¢k peopl¢, Ihe siudethts #lid the poor of the Greek Ordiodox folth living in Il)e bDTvugh5 of I laringe) and Enfield or elseIerC al in patlicular Io SUPPLWt. exp&iid and develop a Greck OrthLthx school finan¢ially and oth¢rwi. Siwiifitant artlYitie5 During lh¢ year, Ihe thllrity conliiitscd lo run ihe ¢liurchES of Si Naniabo5 and St Mary'8 Catharal wthi¢h are used to p¥omo the Ortliodo.% f&ith. fvleinorials, weddings, bJptism3 and oih¢r chw¢li fiimrlioiis hav¢ b¢7 rcbivlarly held. In the buildi118 atta¢h¢d to tlie churchcs. le cliarity li?5 sd)wls which are used to torn01¢ eduvdiion accordins to the Ortlivdox faith and educaiion in getb¢ral. Assistance ha5 beeii 8ivetl ¢0 $ludcnts iii order lo help them to arrord Ihe eduralioii. Publi¢ bcnefit Mie Iru51ees hAve giv¢n diie regzrd to guidaKc i55ued hy the c.harity Commission in de¢id¢rsg what activiiies Ihe chariry should uiidertak¢. The trnst¢¢5 have coinplied with th¢ duty I section 1715) of the 2011 chariti Acr kn hav¢ due re8ard to guidancc published by Ilje Charily Lornthiissii)n. Detsi15 of how the char¥ty'S #¢livilits are for the publi nefii are d¢tail¢d in diis rwrt end dic tTUSIC¢5 have byiven du¢ consid¢ralion kn the c.harity CvMini55ioii ¥iiidaiir¢ oli publie benefjl. FIAPClAL RBI'IEW FlttAncial positkjm The charity'5 sira&v Io PWlnDte lh¢ Greek Oahodo.% faith is to attrACt wple to its prcmi5L7 through ity ¢hurch school activilic5. Th¢ tIVitIeS lidertaken durijig ihc ye&r lo achiei¢ the abov¢ 51Tat¢gi¢5 hav¢ becn ilie doNlioiis ajid ¥iTrs lo the pelwle I iiced. l.'amilie5 uiiable ro afford ¢h¢ luitioii fees art beiJb£ 2iv¢ii finoiicial liclp in order hav¢ ili¢irGhildTCn using thc ch#rily's Ortli(X school. Every year on the feasi da) of Ibe Doniiilioij of St Mary, the chllrity holds ¢v¢ni where Il 0¢k ambassador And the Cywy5 High Lommissiohtr and ihe Mayor of Flarin¥ey wid lie CouclI coiiiniittee aT¢ Invit in ordtr help the charity to raits¥ fiinds. The charity Lonliiiiied to Rek¢r)ie inwine lo ineet its ¢h•ritsblL objects. t)uring tlie yew. ihr chwriry s iiicoille decrcased by £240,110 and its expeThditur¢ increascd by £11,591 fe5ultiii¥ Èn a deficii of 116,21 %. The dr¢45¢ in iiicome is Fn&inly due lo th¢ overall dt¢reAs¢ iii donlOn wlleelioths Ènd fund rntsing cvciirs. The iiicrva5¢ iii up¢iidilur¢ is niaiiily diie 10 the increase in ilie C.liiirch aiid 5cliix)I wa¥e& Page 2
sr. BARNABAS GREEK ORTHODOX COMM PIITY REPORT OF THk I'RUSTEES FOR THE YEAR DED 31 December 2124 FINANCIAL REVIEM, Reservu poli¢y The trustees meet reglllar]y to examijie the requiretnent5 for free reser¥rs Which arc those unrestricted funds lint rnve8ted itt fixcd a5SCt5, 1101 dtsignated for specifi¢ pwrposes oroiherwi¥¢ r¢srricled. A¢coTdin8 to thc LKcds sei up by the Bishop tlw decide Ilie furtds needed for the proJcct¥IvI1lcs to be financed. The Irustees h•¥E d¢tem)ined Ihat the It1 of current vEserv¢5 10 securL AdeqiL&te fiinding and wojing cwitsl fot IhE r¢ wsts slK>uld be a rninimum of six moiitlis ¢xpendiiitr¢. The trustees believe Ihai the eh8rity'5 assets 8re availabl¢ and adequate 10 fulfil the charity's liabilities wid obli8aiion5. At t1 eb)d of ihe y¢ar the ch8tiiV rattv¢5 wcrc a5 follows.. Generni unrtswicled fupd.. £4J09.12412023- £4.545.3391. iDLxlin81QU¢801n resources were.. oiitgoing £3621512023- incotning £215.4881. RUCTURE. GOVERYANCE AND MANAGEMENT Governin2 dorument Thc chariiy 1$ WDtrolled by its governing docuii)enl. a decd of trust and nStitUs Unill¢OTpor¥tcd chariiy. HorruilmeNt Hpwinimeni ofDew ¢TUStets The Tnedid of rectyitiiig axd appoirjliiig iiu51e¢s is by majority d¢¢ision of ihe trustees eurT¢Dily in office. Orgnu#tiThnAI strnttllre The Iru5tee% gre responsiblc fol thc managefflenl Jnd dwy day operniivii ot. the churches and .%¢hLIDls and also lo dmi17tsier Ihe tru51 fund5. tkeisioiis atr lakeii ivith a Jiiajorily vui¢ ?moiigsl the irnstees. Indurtb)ii tiil tr%iThln% of new truste¢5 Following appoinimtiil. n¢w Irustees are iNvoduced to Iheir new and given copies of the ti'ust d¢¢d. Thc irustecs ait ¥Uld in ihe performance of their wthrk by chRrily regulhlions and b> rcfcrence lo the profcs5ioiial fi¥n15 referred 10 onpge l. 11ie Iru51¢ES are re8arded k¢Y management of thE charity. Bishop IHkovos received o vtyDuDcrniion of £i7,$48 {2023.. £35.4321. Mr l)oli$ PolyGgrpou. as • heJmasler of the SLhool, recciv¢d a rL'muntration <>f £12.0001202.1.. £12:0001. No other INstrc received reThun¢rotion. Ri$k m4kni%Ernent -The IruSiE¢b activcly r¢vi¢w the risks die charity fa¢&4 on a rcurvlar basis and kli¢ve dial niaiiitsiniiig our f r&%¢rves al Ihe Icv¢15 Stated xbtsve. cObined with our rci'icw of coiilrols ovcr kty fiii811¢iAI sysieins G#rri¢d oul through an iiiternkl audit progrAinm¢, will provide S1¢1tl re50uri¢s IN tlit eveiil of adver5¢ Londiiioiis. 1'1k irust£¢s h#vo a150 examiiiLd h¢r opetsiioiilll rkS hich we face ond ¢onfim) IhRI thcy hav¢ ¢51abli5hed 5ysieins lo rnitigalr ihe risk. srA'I'lt+1ENT OV TRUS'I'EES. RFSPONSIBILITIES 'lkne Irustees are responsible for preparin8 Ihe Repon of the Trus¢e¢5 and the finAn¢ial $tatein¢iits in J¢cordonce with appliciblc law and Unii¢d Kiiigdom Accollntillg Sthiidards (United Kiii¥doin Geiierall)'.4ccept¢d Acwuniing PraclLCtI. Page 3
sr. BARNABAS GREEK ORTHODOX COMTrIUNITY FUND REPORT OF THF I'RIIS'I'LL5 FOH THF. YEAR XNDED 31 Drtemb¢r 2024 STATLMENTOF TRUSTEES, RESPONSIIIILITIES- confinue41 The law appli¢8ble to charities in England ar Wales, the Charities Acl 2011, Charily {AGcount5 Wmi Reports) Regulatithis 2008 and the provisi0115 of ihe irusi detd requires the lrnslee$ kn pr¢pr finaiicFal sraiements for each rintsiicial ycar which Eive a tru¢ al fair vieiv of the 5tal¢ of of (he ¢liarity and of the incoming resources and appltc*ion of resources. iiic]uding ihe incotnc #nd expclldire, of tl)c dthTity foT tlial pusod. In preparing those financial sts)1¢1cij¢s, Ilie mJ$re<s are reguircl to %clect suitable ?crounling F4)Iici¢s and then apply them consiSt¢r¢tly', observe the mcthods And prits¢ipl¢s in the Lhariiy SORP. Inake jwdbT¢mcnts and ¢sliiiiates Ihil r¢asonable and prudent. whether applicable a¢couniing StaardS have becji followcd, subject lo aiiy m?l¢rial d¢pariurrs diS¢l(d 41
xplain¢d in Ihe financial stsian¢nts:
PMP8r¢ tl finwicial sl8teniEii15 on the 8oinB conceni basis uii1¢55 jt is inappropriate 10 prtsurno tIiRt ¢htirily will cKtrnunu¢ in bu5LTr¢55. Tht irnstses ar¢ responsible for k¢¢pin¥ Prtspcr a¢counlin¥ rccords ivhich disclose with rea5ufvdblc accurncy ¥141n> Itme the financial posiiion of the Lharily ¥nd ¢0 eoablc thcm io ensure th•t the financinl st81emcnts oomply with th¢ Ch¥ritle5 A¢t 2011. Ihe Charity (Akncoiints ond Rcportsl Regulalions 2008 and Ili¢ proisions OF Ihe irusi de¢d. 'fhey are 415 rEsponsJbl¥ f4)r 58fegiiardin8 th¢ •ss¢is of the Charity and hert¢¢ for takinkp re&sonablc $teps for th¢ PTCV¢Dtion J dcic¢tion olfraiid aiid other irregularilies. Appmved by order of the board of knste¢s 011 ..214...4.0..,.2o.%s... ènd signed on its behBlf by.. Bislv)p lakovos Pagc 4
REPORT UF THF. lNDF.PEDENT AIIDITORS TO TIIE TRL'STEES OF
ST. BARNABAS GRETr;K OR'I'IIOJ)OX COMMUIYITY
Opinion
We hove oudited the fJttan¢ial statemMts' of ST. BARMBAS GIiEEK ORTHODOX c.nMMUhllTY FUhD (the
chority'l for the y¢4r cnded I l Dcccmber 2024 which eompris¢ the Siatemeni of Finuncial Aciiviiies, the Balance
Sheei. the Th5h Flow Sthtem¢nt and iioies to the finaThcig1 statements. includinE 4 Summary of 5igiiificani accouniiiig
licie8. The financial reporting Iramewoik thai been applicd in their priyaralton is wplicable lttw and Uniie
KiD8(loiii Acwuniing StsndaTds (United Kingdoin Generalty A¢¢¢p¢¢d Accounting kndice).
In our opinton il fin?n¢ial ststeinenls..
Elv¢ a tru¢ fair view of Ilie Sthlc of ¢li¢ charity'5 affairs as Ht.11 D¢¢ciiib¢r 2024 and of 11$ incoming rcsources
and kppliGaiion of resources. for th¢ v¢or Ihcn ciided:
have been pyoperly prepared in att(ki'dance willi Unit¢d kingdom Gen¢Yally Acccpted Accounlin8 Prncli¢< 4ttd
have bccn p¢rpar¢d in accordance with the reqlliteinent50(Ihe ajarsiies Art 2011.
B515 for oprnion
We condllcd our audil in accordance iyith Inl¢rn¥tional Siliidards ov Auditing IUKI IISAS Iukll and applicable la%v.
Our respoiisibiliti¢5 und¢r tlM)$¢ standards 8re furth¢r dc5Lfibed iii the Audito. respoi15ibilit?¢s for Ihc audit of ihr
rinwJ¢i91 5th1emellis s¢Ctiort of our rcport. We are ind¢pcndeni of the cliarity in accordan¢E Wlth th¢ ¢illi¢1
r£guireiii¢nts iliat are relev3111 lo our 4udit of Ilie fiiii¢ial SlJmtnt5 in ihe UK. includiijb) Ilie kKC'5 Eiliical Sillndard,
we have fuifillcd 4Jur other dhical responsibilities in accordance i¥iih th¢s¢ requirernenrs. W¢ believ¢ tl)ai the
audit ev1dLce w¢ obtained 1$ sufficient and APPtOPFial¢ to provide * basis foT our OPULiOn.
C•n¢lusions rn18tlng to going conrern
lil aydiiing IhE finanL'ial siaieiii¢iits. we h8ve c
IiEPORTOFTIIE INDEPENDEhT AVDITORSTOTHETRUSI'EESOF 51.. BAKII ABAS C.RF.Tr;K ORTHODOX COMMUliITY ND Rt4)ous1bitIe5 of fru%te¢¥ As explained niore fiilly in thc Statement of Trugtees. e5)nSibl111Ie$, Ihe truste¢s are responsible for th¢ prepaTa¢ion or th& financial ststancnts which giv¢ a tr and fair vi2w. and for such irkien]al conlrol as the Irull¢¢s determsne is ncttssary 10 erhable the prep¢ of financiDI sthtem¢nts that are free Irom tnJt¢rial rnisstatemen¥ whether due lo fr4ud or eThor. In prep?ring Uie fiiiin¢ial ststemenis. the truglees *re responsibl¢ for &%sessin8 the rli4rity'5 ab?lity 10 coJ]rinut as gOig conten). disclosiii¥, as applicable. mailers relaled to conc¢rn and u5iiig die going colri4 ba5]5 of accguniing ttnl¢ss the trustee5 eith¢r to liquid8ie th¢ ¢hilY or to cease operation& oi. hav¢ no realistic alrcrnative bill to do so. PA8¢ 0
RF.PORT OVTHE INDEPENDENT AUDrroRS I'O THE TKiJsfEES O SI.. BARNABAS GREEK OR'fiIoDVX COMMUNITY Our r¥pon5tbllitles for the audlt rthe IllntIl $¢¥ieThts We have becn Appoited a5 8iiditors i1[eT Sfftion 144 of th¢ Charitie$ A¢1 2011 and report in accordance with ihe A and l¢vaIl1 re8uiaiions rTrade or havinB effect thereutydtr. r objcGIiYos 8re 10 obraiii rea50n¥Jble assur¢ aboul wh¢theT the fiiiaiicial 51alciiiciits as a whole art free fruiii alcrial Inisstai¢ni¢nl, wthether due io fraud or ¢rTr)r. and to issue a Rert of die INdepe11 Auditors Ihit in¢lDdes OUT q)inioii. Reasonable •ssuraAcc 15 a high l¢v¢l of ay5ura¥ice. bui is t1 A guaTanl¢c iliat an audit conducled iii a¢¢ordan¢e with ISAS IUKI will oliva>s ddeci A mÈtcrial Iiiisslaiement wheii it exists. Missiiiemeiit5 can aTiS¢ from fiaué or ¢Tmr and aTe considerrd makrial if, individually or in the aggregate, they t¥>uld 050&1Y bE Xp[ed ii1fluED¢¢ the ccoiion)i¢ decisions ofiisers takcn on the basis Trf Ihe5e fin&ncial slatemthl5. [eBuIl111¢S, iii¢luding fraud. Are inStor of non-llp1lanee with laws nrKI regulatio1. We design pedureS in line with 0r res51b11lIies, out]ild abov¢. to dc(¢cl material misstaiemcntg in respeu nf inEgiilarilies, including fraud. The ekienl io wliicli our pro¢dur¢s lit Capable of deiectinB irr¢gularitiE5, iiiBludiiig frnud 1$ detailed btlow.. -Th¢ ¢ngagenieiii pArtss¢r ¢nsured Il)l ettgAgernent tcam collcctively had ilit apprvprial¢ wnipet¢liC¢. ¢#Fwbiliti¢s and skills Iv idtntify Dr Tecognise non-¢ompliaD¢¢ with 8pplicabl¢ law5 and re£ul&tions. -we gained an Lbndersillnding of ihe legal and ttgul0ry frame%Drk opplicable Ihe charity and Ih¢ sector in which it operate5. Wc identified the principal laws and rcgulaiions a% re1lg tt> DBS chccks aNJ the Gejicral Dat8 Proteciioii Regulation. We also conssdered laws aiid rcoulations Ihai have a direct irnpacl on the prtpardtiDiTr of the fjiiancial Sthteni1ts 5UtIi as reporting l¢8islaliun. We wn5ideTed tlie exieni to wlirch any -¢011?lIanCe iviih lh¢ laws and wegulations iiiy have a neg81ive irnpact on th¢ ch3riry'5 abtlit) 10 coriliiiiic Dpe171in¥ aiid Iht risk ol-a missts¢emtnl iii Ihe financisl $la[¢Mets. -w¢ ass¢55 lh¢ $118cepiibilily of ihc Charity's financinj siaien)eth5 tp ffiaici'ial misslatcmeni duL tr) iithi-¢tsnipliatK including obtsining at) iindtTsianding Df how fraud mikhi ocetsi, by mgking ¢nquiri¥s of mJnagemeit us lo where leY considered Ihcrc was siisceptibilil!, lo fraud, their kiiowledBE of llcluJl. lSpect aDd alleged (raud.. and con5idertng the inlernal conimis in plKe ro initikok risks Df fraud and nort-compliaiice widi lawy T¢glations. -w¢ addressed th¢ risk of fraud Ihrotsgli lagem¢ni bi&$ and override Df COlllTol$. (hir proc¢dwrcs iiicludcd. bul wcrc not limited 10, perlomiing uiialylical procedures 10 identify ali). Iinusual or iiiiek.¢LeJ re.lali0Ths1iip5 8iid 1¢sting jourDo1 entries 10 idintify imusual tr8nthct50s. -In ¥tsponsc tt> the risk of irr¢giilarsties And non-CDmplsaiK¥ wirli law5 aod rc&Trulaiions. we destgned procedtsres Mhich iiiclvded. bui M'tr¢ not liiniied iu a¥[in¥ finan¢io1 atement disclosiw to und¢rlyirbg siipporting th¢unientthx)n aiid ¢nquirin8 Df illJna8¢inent as 10 actual and poteniial lilibpaiion and claiins. Thcre are inh¢reht limitations in our 4udil procaurc5 dcscribcd abovt. The more Teniavcd Ihe laivs aiid re%ulaii0115 air from financial ira1CtIn5, tl)e les5 likely it is th•1 w¢ ii.ould bcconje aware of non-coii1pllan. Audiliiig sthndaTd5 also limit Ihe audil procedurrs rcquired 10 idcntify non.coiiipliaii¢e iviili laws al regLilaiioiis to eii¢iviry of Eh¢ trysic¢s aiid otlier maiiwrnent and Ihe insp¢Giion of Tegwlaiory dnd leEal ¢(¥TeSp)thCe. ifi)y. fvl•i¢rial misstaieiments arise due to fravd bc hardcr to dctect Ihan those Iliat Rr15¢ frum error as thcy may iDvDlve delibLbTatc conc¢almL'iit or collusion. A furtheT des¢ripiioii of our responsibilities for tlie audit of the fiiiarKial slaremenls 15 lo¢atcd on Ih¢ Finwicial Rewriiii& C&)uncil's website at frc.org.uklaiidiiersTespoiisibilitie5. This dexripill fom?s part of%)Uf Report of the Iiid¢pendeiit Auditors. Pase 7
REPORT OF TIIE 1Tr4'DEPF.NDENI'AUDITORS TO THF 1'RUSTEES OF ST. BARPIABAS GRELK ORTHOt)OX CONtlL'N1Tl, FUND Use ofour report This rewrf is made solely to the chari¢y'5 Iri1ets, as a body* in accordthiG¢ with Part 4 of the Chariti¢s IA¢coiinis arjd Repons) Regiulaiions 2008. Our audit work has been undernoken so tlial we ]nisht 5tth the diarity's trusiet5 those m8tterg we are requircd to stste ro lern in an auditors. report and for no other purpose. To the fullest eYitt)t pern)ittcd by law, w¢ do not accept or assumB respot)$ibilrly to anyone other thai) Ihe charity &nd the charity3 tsusie¢s as a body. or our audii work, for this rewrt, or for the opiiiion5 WE have furnied. G. George Asso iales Limited Chartered Certified Attounthnts id 5iaiiitory AuditoLs 12 Gateway Mei¥8 RTTrg Way Llidon N112UT Dat¢.. Pagr 8
SI.. BAIiNABAS GREEK ORTHODOX COMMUNrrY FUND STATEMETrfT OTr" FINANCIAI, AcfiviTIES R THE YFAR ENDED31 DtctmbeT2024 31.12.24 Uiir¢5trithd fLind 31.12.23 Total flliids Notes INCOME AND ENDOWMENTS VROM DotWK7ns and legacies 404.756 608,700
Tltible 4rtivi¢ie5
Church S¢hool 100,854 68.505 62,926 Oih¢r a¢tivities Invr5tmeTri incom¢ 16,321 T•tal 686 243 926 353 XPENI)I'fuRK ON Raisinrt fund5 46.549 50.564 Charitible atlivDti¢$ ChUh Schiw)I 624.lJ?O 50.124 654.498 9,719 139161 Total 722.458 710.865 NF.T IIYC0MEEXPErIDrul> 1.16.215) 215.488 RECON'CII.IAI-IONOF VLND5 Total futtds fon¥ard 4 545.139 4.i29,851 TOTAL UNDs CAKRJED TrORIVARD 4.50I).124 4.545Ji9 The nffle5 form part of thestr financial sthiements Page 9
ST. BARNABAS CREEK ORTHODOX C.OMMUNITY FUND CL SHEET 31 Detember 2024 31.12.24 Unrestricted rund 31.12.23 Total rut>Js Notes FIXED A&SETS T8tLgible pssets InwutNients InvesttneThts Iuvc5ttn¢ni property 12 1.188.885 ,195.654 13 14 33,281 3,133,700 35,047 3.133,700 4.355.806 4,-164.401 CURRENT ASSE75 Debtors Cash at baDk and in hand 15 34,654 207.927 154.813 242,581 CIIEDITORS Ainourns falling due witl)in oiie year 16 {37,1681 1322101 r*ET CURRETrry ASSETS 170,896 210.371 'ID"I'AL AS8E'fs CURRENT LIABILITIES 4.526,762 4.574.77? CREI)ITORS Aiiioukis fallin&due 8ltcr MOT¢ thali ojie yettr 17 117.6311 129,4131 YET ASSE'I 4.509.124 4,545.3J9 FIINtK Unirsiri¢l¢d fuiids 19 4.509.124 4,545.3i9 J'()'I'AL TrVND 4.545.739 Th¢ finaiiciol Slateellts were 4pproi.ed the TJo8rd of TtU5tces aod autlioTi5#d fL)r i5511e o I.O..IQ2S... and wGre sign¢d on its bdialtr by.. i9jP lak'ovos S Qyof Tr r An&sia5i05 H¢Tod'otou- TruskB The notes fomi of thcse fillan<iMI slaleinent5 Page 10
ST. BARNABAS GRV.FK oiYnioDOX COMMUNrry UIYD CASH LOw STATKMEN'r OR THk YEAR ENIJED31 Dttemher2 il.12.24 31.12.2.1 Notes Cash flow5 from operating #ttrvities Cash keiierat¢d fr)7 OPEfdiiODS Imcrcst paid 15,100) 248,436 Na cash (used inyprovided by epetsiiiig ?Gtiviti65 247,589 Chsh Ilow$ from InvestiME £tivitie5 Purcliase of twigihl¢ fixed a55els 30 7671 70.2641 N¢t cash used iii inv¢51in8 xtivities 30 7671 70 2641 CwJh llow$ nninclng Activhios New loans iii yeaT tAkan Tcpa>'llienis in yr 5.062 10.8371 Nel Cash used in fjnancing activT¢i¢s Ch¥ng¢ in CAsh rash eqMi%Altnts i lh¢ rei)ortlnE p¢riod C$h and Cash L'qUIVAletS •t the beginthing of t1 reportlhg p¢rnd 171.550 207.927 Cash tW5h equivAlthJt$ llt tthe rnd of the rerxFrtimg perio 207 917 'Ihe notes forni w of th¢5¢ financial stat¢m¢nts Page 11
SI.. BARNABAS GREEK ORTHODOX COMMUNITI, NOTES TO TN8 CASH Vw STATLMEP4T FOR THF. YEAR ENDED 31 D¢¢thber 2024 RECONCILIATIOP4 OF NET IExpEf4DJTUR£yINCOME TO NET CASH FU)W FROM OPERATIIYG ACTIVI'I'JES 31.12.24 Jl.1223 (expondithTtifincoThe for tht repbrtlnR p¢vlod li$ per the Stttm¢nt of Finnci81 Actlvltles} Adjwtmer•t5 for: ¢prelail0n chaTBes Irbtrrest paid LosslGatn on revaluation of investhien15 locrease in dcbtors InLrease iii creditor5 215.488 37.536 651 1,765 118.5971 9.760 35.897 847 li.9161 13.2571 N¢t C85h (used ltsyprthvl¢led by operalions 5.1001 248.416 ANAL)'SIS OF CIIANGLS IN Nyf FUNDS At 1.1.24 Cash floi¥' Atil.12.24 Net cash Ca511 at bank in hd 207,927 5.7 114) 154,813 207.927 5i.1141 14.813 Dtbl 116,$06) 29.433) 4.800 1.7¥5 Dcbts falliTh8 thje after l y¢ar 17.6381 46.0291 16.595 129,434 Total 161.898 365191 125,J79 The nos fsymi Port of these fin#n¢ial 5tatemeDts PO 12
SI.. BARh'AfiAS GREEK oirrHODOX COMMUNITI, FUNI) OTKS TO TIITr: FINANCIAL STATF.MENTS FOR THE YEAR ENDED 31 Dtcember 2024 ACCOVNTif4G POLICIES BaJi5 ofpttparlng the finn¢iAI Stntets The finaiitial staleKieiits of th¢ charity, wfiich is a public ben¢fit entit). ullder FRS 102. hllic b¢en prepared iii atcord&nct wilh the Cliarili¢s SORP IFRS 1021 'AcLounling Reporting by Charitie$.. Sthtfm¢nt of Re¢oillmeiJded Pra¢ii¢¢ applicRble lo charilii$ pr¢par¥Ng tlicir accounts in accordanc¢ iviih fiiiziici¥l Rcporliiis Siiidard applicablL in Ili¢ UK Mnd R¢public of Ireland IfRS 1021 Icfftctive l Jhnu8ry 201YI'. Financial RepDrtITh8 Standard 102 The FirL811¢iiI k¢porting Standard applicable in tlie Uk aijd RepubliG of Ireland. and il¢ Charities Act 2011. ThE finanrial sialonicnts hgvc beets prepJr¢d undcr Ihc historical cosl ¢DnkCntlo with the cyccption of ittvestrnenls Hhich arc included hi v#lue: modified by tlte r¢Valu10 of eErtain 8ssers. The 8ddr¢ss of Il)e regisred Ol¢C is giveii in the Cliarily iiifoThi8tion on pa¥c l of Il)¢se fill7claI siaiements. 1lie nature of the chariiy's optrstions and principal aciiviiies ère SL4 Oui in The TrUse5, &iinLial report oil page 2 ofdiese fil¢11 stllicments. -IIL¢ finan¢ial 5trdtements have beeii preparrd on a &in¥ collG¢rn ba515 as the IriisiL*s believe that tho nillteri41 unc¢rtainries eSt. The triist¢C5 hRve coJ)stdered the level of fuiids h¢ld and the expected level of income 8od expmdiliirc for 12 months fi'om aiithorising these financial 5tztrii)¢nts. The budgeied in¢oine Ind eYpcndiili is suffi¢iEnt with the level of rescTV¢S for the charity to be able ro conliny¢ as 4 going concem. The financial 51arem¢ntS or¢ pr¢5eJittd iii slerliii8 wliich is the fvnctional curreiicy of Ihc ¢harity al art iiul round¢d. Thc significant a¢¢ouniiiig polir¥es applied in the pr¢p8rntioh of ihest linancial 8taiem¢tits are sel oknl bEIoiY. Th¢se policies have cotisisienily spplied to all year5 pr¢5¢nlcd iinless othen4.ise $13t¢d. RecagnS1ioD oflntoming rewuru5 These are includ¢d iti Ihe Statement of Fin8iicial A¢livitie5 {SOFAI 7lihcn'. the cliarity kLome5 ¢lltiil¢d to the resource5', Ihc trUSl¢¢$ 8W Vlrtually crrtwin Ihev .111 receive Ilie resouTcex- and the Inoiirfatv value can b¢ iii¢ll511rcd willi sufficient reliabilit>. Chority 1clivili frtyn ihe chuirh inLlud¢ mosil>' wcddiiigs. funeruls and baplisn7I. i¥h¢r¢ Iht tncoNir is rLLogbnised when thÈ paymeni is niad¥ afierth¢ fuorliviis. 1o¢oiii¥ fr(HK Sc1 15 p4id ii) thre¢ in5mell itrd iiwbvnised wli¢n the paymemt Is reteived hy the Lh#rity. Raising fvnds ac11viti ijicome is rwnised on p8nicutar o¢¢A$ions wh¢n lh¢ chaiiiy orxaiiiw events 8nd Mt lh¢ end of th¢day the t#$h doiiations arc banked tlie incom¢ 1$ r¢wgni%ed. DonaiioJLS are iii cash and come Inaitsly troin mass Ira)'s and the ffteibhers of ihc cliiirih wlio pav a lix¢d HN)oiini ev¢ry moJ)th. The don¥iions are r¢wgniA B5 3¢M)n lls w'c banked. In%'estinent inwme ss rned through lding a5SCts for ini'cstnient purpts%cs surh as Shar nd propcrty. It includes divideLids, reiil aiid small 8mounl vf iiitere51.'The incoixe is includ¢d when the amouiii c4n bc ineosured re148bly. No amouni is intliided iii Ihe finAn¢ial stat¢rryeiits for voluoteer iiinc in line with ihe SORP IFKS 1021. Expenditu rt¢ognition All expEDdilure 15 aceountcd for on 8n gc¢rual basis and has been clyssified updcr hc&din05 thai aggregate all COSIS I'klated th¢ calcgiory. r'xpcndLlUI-e 15 rem&nised bvherc Ihere is l or constriiciivc obligaiioii to make pllvincnrs third parti¢5, il is probable that Ihe seiilefftenl will bo r¢quircd Jnd lh¢ 8iMouni of the obligolion Lyn ' m)casured Teliably. P&ge 1.1 conlint...
ST. IIARNABAS GREEK ORTHODOX COMMITNrrY FUND NOTES TO THE FIP4ANCIAL STATENIENIS- LoDttned FOR T14E YEAR LNDFD 31 Dttembcr 2024 AccouNfiNG POLICIES- t(1¢d ExpenditurE refognitio SuppL)rt costs ore th0 thai assist the work of die chaTjty bill do not direcily rcpreseA¢ chirilabl¢ aclivili¢s aiid include offic¢ c051s. goveniance costs, ad1niiiisiralive poyroll ¢ostg. They are iiicurred direktly in suprort of ¢xpeiiditw¢ on the objects of ilie ¢liarity. Where yuppori eosis ¢annot b¢ direcily attrIbLed 10 particular headiiiB thcy have been allocaitd Lwt of rni5iiig funds and e.¥p¢iiditUT¢ vn cliarilable aclivilits a ba51$ ¢on5i4i¢ni wilh use of the r¢%tsiEr¢¢5. 'IAn%ible fixed DePrl&tiOn is proi'ided the following Aiinual rnirs in order lo iyrtie off ¢ath a55ffl ovef its esiim#lLd useful Frceliold propertv Fix1ur, fittings & ¢quipincni l%oncosl 15% on rtdLicing bal¢ Invulmenl property InvestsDent prop¢nies s¢ateJ ai market v8lue whieh a¢¢ording ID thc trustees rtllect ihe fair valu¢ at th¢ rcporttng dale. No depr¢ciarioii is proi'ided ITr respecl of properties which are classified as inv¢stm¢nt prop¢rtiek Such propeni¢$ arc held ro e4rn renta15 or for capital apprc¢iwlioii and the Inree5 consider thal to dep151¢ Ihcm M'ould iiol give a Irue aiid fair WICW. T4x4tion As a regpistered Lliarity, Ilie orgajiisation is exeimpi fNim in¢oiii¢ alld wrpornlion lax lo itse exient thai its in¢oni¢ and gajiis ippIiLable ro ¢h3ritable purposes onl),. VAlue Add1 Tax 15 1101 recoverable b). Ihc tknrity, Ind is tli¢refore included in the relevani ¢osts in the SOFA. FuDd accounilng L4irestricted fi]nd5 can be USL'd ID BccordaDCC iVNJi Ilit charitsble objcctivcs 81 Ilie dis¢rtliotb vf Ilie tru¢¥1. Re5rricted fuiids cali only bc used fE>r particul#r re5tri¢red puyoscs iytuiin ilie objeLts of Ilie clwity. R¢siTiclions ari5¢ wherk specified by thr doiior o¥ when fiinds rBised for part4¢111aY resiricttd PUEP05¢S. Fiirth¢r explanatio tsf th¢ lure aNd purpose ol'each fuDd Js in¢ludel iii the lo ilie financial silemenl$. Inv•6tlllont Inveslnients ar¢ 14sd sliarcs reco8ni5ed initially ai fair valut which is iiornially Ilie ITaJlSa¢tioii priL'e ¢x¢lvdii)g Iransaction co81s. Siib5equeTrlly. they are me&%vred al farr valiie with ch&ng¢s recognis¢d in'iKI siJji)5 1 (10sse51 oil inve%Dn¢iii$' in the SOFA if tlic 41iares are publirly ITaded. lJOnS borrowiAg5 Id>ans and knrrawings Are iniiially r¢cognised at Ilie IransattiDn pric¢ includiiig IransacliOIi COSt5. Subs¢4v¢nily. Ih¢y are Lnc35ured al amortised c05t Using Ihe eife¢iiv¢ iDt¢f¢st rntc meihod. less impairment. If *n arran8emeiit coiistilui¢S a finance Ir8n$a¢tioii li is measuied al pres¢iil value. Pemion ¢0sts and other ptr8t•retirrrnent bet)oThts The cliariij, optrdles a defined wiitribulion pernsion 5chcin¢. C.oiiiribuiTroiis Pilydble to tlic charity's pcTrsion Scheme chllrged lo the Stateiheiit of l.'iDan¢ial ActlVl¢ies ii) th¢ peri¢xl lo wl)i¢h d)ey r¢l81¢. Pa8e 14
sr. BARNABAS GREEK ORTIIODOX COMNIUNII FU.YD NOTES TO IIIE FINANCIAL SI'ATbMEpll5- tontlnu¢ FOR THI VEAR ENDED 31 Dettmbtr 2024 CRI'J'ICAL ACCOUNTING JUDGEMEffft AND Kkl, SOIIRC£S OF ESTIMATION UNCERTAINrY judgement5 (apart frojn those involving ¢Slimat¢sl have b¢¢n made iii ihe pro¢¢ss of applying the aboi accounting Folicies that have had the most iigi)ificanl Eff¢ct on amoilnts recogni5¢d in the fiiiaiici81 statemeijis. No key assvmplions LX)nLcniing the fvture other k¢y Sr¢¢S of esiiJiJ•iiDii urwThthinty al the rcporrin8 da Ihal have a Si¥iiifit risk of c4Jsiiig a mawrial adjusirnrF)t to th¢ canying amount5 of ass¢ts aiid liahilitt¢s wilhi* the ncxi financial year. DONATIONS AND LEGACJP 31.12.24 31.12.23 DoatIonS Gift aid 383,378 21.378 584,689 24.011 404 756 60S.700 OI'IIER AcfiviTIES 31.12.24 31.12.23 Fui)drRi5ing ¢v¢nts 16.321 43,213 INVE$rlENT INCOII I 31.12.24 31.I2.23 Reiital. divid¢nds ahd iniereth inruinc 99.rji I INCOINIE FROM CIIARITABLE AcfiviTILS 11.12.24 il.12.23 Activily Cliurvh SL'hvol Church Schwl 62.926 169J59 174J29 Page l.$
sr. BARNABAS C.RV.EK ORI. FUND DOX COMMUNI. STOTHEFI NCIAL ST.4T£MENTS- continued FOR THE EAR F,NDED 31 bcr 2024 RAISING Fuf4DS Ri151% donition5 Ind l¢g•¢5*s 31.12.24 31.12.23 Catering and ho$pitality .l)risleniTIE 2nd marriag 34,029 11520 38,319 12.245 46.549 50.564 CHAIUTABLE Acnvii'iEs cosi Dire Costs 624,020 50,124 School 674.144 TRUSTEL8' REMbiYV.RATION AD BENL lTs Bisliop lakovos rcceiv¢d & rcniuneraiion t>f £37.548 17023.. £35,412) ajid a peiision eorJtribLrtioii of£9iY12O2.3.. £8761. Mr Poli$ Pol}'carpnu T¢ceiv4t a rLnillneratn of £12,01)012023.. £12.00018nd w pension contrirtIOn of £173 1202).. £173). No other Iru$iee reftittikration. I'rnstets, ¢XWlses Th¢r¢ w¢re iio tru51e¢s' expenses paid for the year ended 31 December 2024 rt01. lor tli¢ yer ended I l Deceinber 2023. 10. srAFTr COSTS 11.12.24 ag¢$ aiid Salaries Scliool waKc5 Social 5ecuriry L051s Other pension costs 286.654 41.414 li.454 3.418 48.182 16.46.1 4.028 379 924 lTh¢ averagr lon¢hIY numbErof ¢niployees durii)g the >earw05 as follows.. 31.12.24 42 Awerage ¢mpJoyee5 42 No emploj'us received eiittTrluniBlit5 iii ek¢ess of £60,000. Page 16 ¢oiilinu¢d...
sr. BARP4AIIAS C.RF.V.K ORTHODOX CO.MMUNITY VND NOTES TO THE FINANC TATLMENrs- R THEYEAR FNI)FD31 Decemb¢r21n4 )tIMued COMPARATIVES FOR T14E sfAIEMENT OF FINANCIAL AcfiviTILS unstricted fvnd INCOME Af4D ENDOWMENTS FROM Donations lega¢i¢s 608,7 Charli#ble xrtlvltles ChLir¢h Scbool 62.926 Olh¢i' activilies Iiiv¢$tnioni 1com¢ 43.213 ,911 -rDt#l 926 EXPENDII'URE ON Raising fllDds 50,564 ChArlt*bJÈ Mcliviti Church School 654.498 9.719 Other 710,865 'I' INCOME 21$488 RECONCII.IAI'ION OF FUTr4DS Tvtsl fund5 brou81ii forward 4.i'9.851 TOIAL FIINDS CARRlkD FORIVARD 4,S45 iJ9 Pa¥c17 ¢Olilinued...
ST. BARNABAS CREgK ORTHODOX COM VUND (INITY NOTESTO I'HE FINANCIALSTATEME TS- ¢ontinued OR TIIE VEAR ENDED 31 Dctembor 21124 J2. TANGIBLE FIXED ASSETS Fixtures, rining5 & equipment Freehold pmperty Totals Al l Jbnu&ry 2024 Addilioiis 1,605.990 477,441 30.767 2.083.431 30.767 At 31 Deceniber 2024 508 1.605.99D 8 DF.PRKCIATION Ai l janary 2024 clIge forytar 522.743 365,034 21,476 887.?77 37.536 At 31 December 2024 538.803 -186.510 925.-111 NETBOOK VALUE Al 3 l Decttknbcr 2014 1.067.187 121.698 .188.885 At 31 Deeember 2023 1.083 ?47 12,407 1.195.654 13, IXED ASSET INI'FsfMEm inv%slmtnts MARkETVALUF At l January 2024 Kevaluations 35,047 1.7661 Al 31 1)ecembei' 2024 NET BOOFi I'ALUL Al 31 Dtceiiiber 2024 33.281 Al 31 DecEmber 2n?I 3S.047 Thcre were no inv¢51m¢ni Outsid¢ the UK. C05t or valuaiion 31 December 2024 1$ repr¢s¢nted by- Li51cd iiivcslments Valuation ii) 2024 'Ilie lair value of li51¢d investtiielltk 1% doteniiiiied by refLYcnc¢ lo the quoted pri¢¢ itt the aeiive iiiark'ei ai tt bal7¢C slie¢t dar¢. Page18 Conliiiual...
SI.. BARNABAS GREEK ORTHODOX COMMUNITI, FIIND NOTES TO I'HE FJNANCIAL STATEMENTS- continDtd FOR THE YEAR ENDED 31 Dttember 2024 J4. INVESTMENT PROPERTY FAJR VALUE At l January 2024 and 31 Deceinbw 2024 3,133 700 JYET IIOOK VALUE At 31 Deillber 20?4 3.133,700 Ai 31 D¢¢¢mber 2023 3.133.7(x) 1lJe professiaiiBI valLiatioii of properties IOCk plKc on 23 July 2019 by MylaK'o Limitcd Uiart¢r¢d Suryeyors. llie Iruses liave coiifinned t11 as * BalaD¢¢ Sheet datc thc Nalue shown ID th¢ fiDwi¢i?l 11¢1¢¥[5 r¢flects the fair vAlu¢ of th¢ pmperties. DKBTOIL8: A,MOUNI'S FALLING DUE WITIIIN 0Tr4L YLAR 31.12.24 31.12.27 Trade debtor5 Oilicr dcbtors Prwayinettts 1,350 2,042 49 33.267 -14.654 16. CKEDI'foRS: AMOLINTS FAJ.LING DlIE INI'fHIN ONL YLAK 31.12.24 31.12.27 Trnd¢ ¢dI l axatioTr #lid social g¢turitY Otlicr crL'dirS 2.870 7.449 26.149 2.597 727 28.¥Bé 32,210 17. c.'Ilb:l)1IY)R%.. AfvlnllNTS fyALLINf DIIF. AFTER MORk I'HAN OIYE I'kA 31.12.Z4 31.12.11 Otliw Lreditths 29,433 i& A Tb aiialysis ofiiie maiurity of iowis is giv¢ below.. 31.12.24 31.12.23 Ainounts fallins duE I4'iihin onl, yeaton d¢marwJ.. Oth loan$ 11.796 16596 Allio¥iits falling het%Yeen oli¢ and iwo ytars: Oiher loa115- 1-2 years 10.875 Amuunts fallin8 due bdwt¢n Irml five year$.. Other loans- 2-5 years Paxe 19 coiiliiiued...
sr. BARNAIIAS GREEK oKriioi)OX COfvINIUNITI' FUIND NOTES TO TFIK FINANCIAL STATEMEWfS- coniittued FORI'H YEAR F.NDED 31 December 2024 15. LOAP4S- tontlnued In 2022, the chariiy recciNed a loath of £SQ,000 fwm Si. Nicholas Greck orth0X Edutalional Trust. lkne rate of iniertsi applicable oil the loan 1$ 2 % per annuiii. The charity ivill make di¢ minimuni p8yineiits rowardf repJyn7¢11l of die loan eadi nionth to di¢ surn of£880. An amount of £27.184 ofthi5 loan is Oulslalldinu a5 at balance sheol date oiii of which an at)v)uni of £10.109 i$ TePay8ble within l? months, £IO,II_l 1$ repoy8bl¢ bdw¢ci) 1-2 years. and the £6,76? 15 r¢p4y4blE between 2-5 years. The Joan and a¢crLied inieJ¥t aTE liilly repayabl¢ by 31 Agu51 2027. 19. MOVEMEYT lli b"IINDS Net muvciiicni iii funds Ai 31.12.24 Al 1.1.24 Uirestritted fundj Gen¢Jal fund 4.545.-739 146.2151 4,509,124 TOTAL v*L)s 4.S4S..139 16,2151 4.50().124 N¢( ni0vllen1 iii funds, included iii tlie abo%'e ar¢- as follows.. Ineomin8 iur¢¢s ResoLir¢e$ expended ij) fiJrtd$ Ilnrtsirltitd knnds G¢ll¢Tal fund 686,243 1722.4581 136.2151 'J'OI'AL FUINDS 686243 722,4i81 116,2151 Comprniiiys for movtmont in fund5 Net iiiovrmci in t'uThds Al 31.12.23 Ai 1.1.23 UNrt51ri¢ted fynd5 Generlll fund 4 229,851 21 %,488 4,545.339 TOTAL FUNDS 4,i29.8i I 215.488 4 545 3i9 Poge ZU
ST. BARNABAS GREEK ORTHODOX FUIND MMUWII'Y OTES T HKF srATEM 19. MOVFMENT IN FUNDS- e•tttlokn Coinparative movemeni in fund5. included in th¢ Iiboi'e llre follows: Resourcc MovErn¢nl in fLinds r¢sources ¢xp¢nded Unrestrlcttd General fut]d 926.351 1710.8651 215.488 TOTAL FUliJ)S 926..153 7108651 215481 A cvrretyty¢ar 12 Month5 and prr year 12 Jonlh$ ¢offlbitLed posilion is as folloii¥.' Net movement in fun At 31.12.24 At l.1.2) Unrtstricted fund5 GeLtI fuiid 4.J29.851 179,2fJ 4,509.124 7'0I-AL FLINDS 4.329.851 179,273 4.$09.124 A currwit year 12 nionths and prioryeThr 12 nionths eombiiied net moveinenl in fvJnd& in¢lud¢d iii Ih¢ ar¢ as follows.. Rc50urces expeiided Movcimeijl in funds Tcsources Ilnreslrittcd fiiTrds Geiitral fund 1.611596 11,433,32J 179.273 I U"I'AL 'UNI 1.612,5Y6 179.?73 20. HTr.I.ATLD P.IRTI' DiSCWSiIReS IncILed iii Lrediivrs falling duc ivi¢hin oftc year is #mount of £Nil 12023.. £5.000) u5 a loan payable io Ma¥ios Kfjibrtides. th trustct of St. Bamabls Gteek Orthodo¥ C.oiiiinunit> trund. Thr Iu8n was rcpaid in fiill 12 Novcmbti. 2024. Mario$ Nlinaides Is also 8 partncr in NiLhol%s & C.0 Soli¢ilor5 Liniii¢d. a film thai dLls as 501icii01s for St. 14amab&% CDre£k Orthodox ComtThwiity Fund. This is an triier¢si loan rq)ayable oil demand. trIng the >(*r. Ilie ch4ritJ received donarions fronb rel8i¢d pa¥lies Wltlloui Ltsiidilion$ for an aggTegate amouiit of £13.236 {2023.. £47.1951.
SI.. BARNABAS GREeJk ORTIIOI)OX CY)MMUNITY
ND
TAI
ED sfATEMKNT OFF
'ANCIALA
vn'iES
FOR THE
AR ENDED 31 Decemb¢r 2(124
31.12.24
il 12.23
If4COMK AND ENDOWMENTS
l)othtlOlls #nd l¢Kgcies
Doiiat¥Jns
Gift
383.378
21.378
584.689
404,756
608.700
Othet lrtivillts
rtsndrnising evcnts
16.321
Investment iwome
Rethial. divid¢nd5 and interest income
95,807
99.911
Chwrjtsblt Ildii'itie5
Cliurch
SchoDI
100.854
68.505
169.359
174.529
Total Incomknig resou£¥
686,24)
926..3$3
EXPLNDITIIR
Rising
ST. BARNABAS GREEK ORTHQI)OX COMMiINrrY UND ETAILED STA'fE.MENT 0 FINAN'CIAL AcfivJTIES FOR THEVF.AK EIYOED t Ikeélwber 2024 31.12.24 31.12.?3 Tharit*ble attlwltlo$ Brought ftstward Logal and profe5510nal Depreciat1) of frediold property Depreciatn orrjxiu5 and fittitsgs Other lo#th interest 634.622 ,335 16.060 21.476 651 627.473 16.060 19,857 674,144 664.217 Other Loss IGainl on revaIallOn of invc5ttneni$ Totsl resourc¢s expended 722.458 710.865 Net (expEndituTtVln¢orne -36215) 215488 This p3gt d¢Jes noi fomi part ofihc fithan¢iul &wtem¢nts Pa8e 23