Zoho Sign Docurf*nt ID. 4AC495Q)7DQ3PI QG 5TIPOFVSE7L6AE1WFCDGDH3PYGNGOGNDE14 Registered number 281574 The Greek Orthodox Community of St Demetrios of Edmonton Report and Unaudited Accounts 31 December 2023
Zoho Sign Documenl ID.. 4AC495D7D-G3PI QG 5TIPOFVSE7L6AE1WFCDCDH3PYtsNGOGNt)E14 The Greek Orthodox Community of St Demetrios of Edmonton Report and accounts Contents Page Charity infomialign Trustees, report Independonl examiners, report Statement of Financi81 Activities 2to4 Balance sheet Notes lo the accounts 81014
Zoho Sion Documwl ID." 4AC49SD7D-G3PI QG 5TIPOFVSE7L6AE1WFCDGDH3PYGNGOGNDE14 The Greek Orthodox Community of St Demetrios of Edmonton Charity Informatlon Trustees His Eminence Archbishop Nikilas Lioulk8S Aposlolos ChrislDfi Antoni05 Theodorou (Resigned on 16 October 20231 Melis Ourris Marios Angelides (Resigned on 16 October 20231 Michael Era¢leous Andrew John Powell (Appointed on 25 July 2r1221 Demelrios Nicolas Demelriou Elias Elia Myrofora Doukaki Soleroulla Stylianou Andreas Demetriou Accountants Nichola5 Peters & Co Limited 2nd Floor 10-12 Bourfel Close London W1W7BR Solicitors Nicholas & Co SL)licilors 10 8ourlel Close London W1W78R Principal Address Logan ROadown Road Edmonlon London Ng OLP Registered number 281574
&gn Document ID." 4AC495D7D-G3PI QG 5TIPOFVSE7L6AE1WFCDGDH3PYGNGOGNDE14 The Greek Orthodox Community of St Demetrros of Edmonton Règistered number: 281574 Trustees. Report for the year endèd 31 December 2023 The trust88s present their port and a¢count8 for the y8ar ended 31 December 2023. The Trustees have adopted the provision of Stslement of Recommended Practice ISORPI Accounknng and Reporting by Charities" IFRS 1021 in preparing the annual report and linanua1 ststements of the charity. The finanual slalements have been prepared in accordanc& with Ih& accounting poli¢ies sel out in notes lo the accounts and comply wryth Ihe charity's governing docurnenl. the Charibes A¢1 2011 and Aecounting and Reporting by Charilie$.' Slalament of Recomrnended Pradice applicabl& lo charities preparing Iheir a¢¢ounl$ in accordance lo the Financial Reporting Standards applicable in the UK and Republic trf Ireland published on October 2019 Ise¢ond edilionl. Prlncipal aetiviti88 ThÈ board of trustees are sa115fied with the p&rformanr* of Ihe charity during the year and the position at 31 December 2023 and consider that the ¢harity 18 In a strong position lo continue its a¢tNities during the comin9 yeai. and that the charity's as8e18 ar8 adequate lo fulfil its oblwJatlCins. The trustees have had regard to CCICCNl$ guidance on public benefit. Name, rogister•d ottl¢e and con8tltutlon of the charity The full name of the charity 1$ The Greek Orthodox Community ol St Demetrios of Edmonton. The charty is also know by the name St D8m8trios Church. The legal reg15tration éetails a The Registed Office is Charity Registration Number Advisor 10-12 Boudet Close. W1W 7BR 281574 Nicholas Paler5 & Co Lirniled The governin9 document is that of a Tru51 and the charity was ttjnstiluted through a declaration of Trust. New trustees are appointed by a resolution passed out a meeting of the Iru51ee5 duly convened, ¢onstiluled and held foi the purpose al the charity's premises. A Summary of the objects of th8 charity a$ $et out in it8 governing docurnent The objectives of the Gre8k Orthodox Community of St Damelrios of Edmonton. London aro. 11 To advance the Christian Orthodox Faith 21 To advance the Gek language. civilisalion and ideals 31 To advance Publi¢ Education 41 To provide faalilies in the interest of soaal weEfaie for ¢aOn and l&isure lime activities with th? obj-ect of Improving the condition of the life for the inhabitants of the London Borough of Enfield an Environs. Day lo day decisions within the Charity are made by the Archbishop and management team members. Key strategic issues are Conside and decided by the Trustees. The tru5188s a appointed by the Trustees of the Communitie$, pursuant lo the Trust Oeed.
ZotrK) SwJn Docum1 ID.. 4AC495DTD-G3PI QG 5TIPOFVSE7L6AE1WFCDGDH3PYGNGOGNDE14 The Greek Orthoflox Communlty of St Demetrios of Edmonttsn Registsred number: 281574 Trusteès, Rèport for the year ended 31 Decembèr 2023 Obj8ctives. aGtivitlos and achievement8 of the Charity Th8 Charity continued 10 run the church, Greek 8chool and Nutsery. to fulfil its objaclives and h81p spreading the Gek Orthodox Faith. 11 The Light a candle campaign is still in operation for thise who cannot for one reason or anothar allend the Church. 31 The Nursery ccnlinued its operations to open lo provide help lo key workers in the Comrnunity. however alleDdan¢e continued to be low. 2nd clo8&d in August 2023 41 The Charity'5 f¢odbank initiative ha8 continued and grown. we curn11Y Service 250 famili8s a ek through Ihe support of the Felix project, and Enfield Council. 51 The foodbank initiative has also provide a warm place for Individua and familie5 10 511 and have some hol food. 61 Ouring the year the charity secured a derelict car park area in Logan road which Il will transform into a garden area for the ¢ommunity and addilitional car park space. 11 will also be used for fur? foodbank operation$. Chairman'8 Report, Revigw of A¢llvltfo$ and Financial Position The Greek Orthodox Cornmunity of St Demelrios incoming resources increased by £12,580 and expenditure by £37.258 as a result the unre$lri¢t&d fund5 increa58d by £14.209 to £1.484,293 as at the Balance Sheet dale. The financial position keeps improving. Th8 Charity ¢onlinued to run the church and provide a s¢hool for ils young community with ovei 240 ¢hildr&n allènding the Greek School. These continued activit8 provided the public a facility lo prey and advancÉ th8 Christian faith and provided young chiklren in lh& local community with learning facilities. The Charity onc? again ran a succ*ssful surnm8r festival with over 600 attendees. Th? genaral committee has attracted some extra volunteers to a5si$I the Charity in ils objectiV&5. During th8 year the charity carried out some muth needed refuthi5hments across all th& buiklings. which has redu cash Serves. The nursery closed during the year in July hence duced income and expen8e8 associated. Reserve poli¢y Th8 truslees have examined the r8quir8ment for free rtserves whid) are Ihose unrestrict fund5 not inve51ed in fixed assets, desvJnaled for specific purposes or othepAryS8 restricted. Considering th& level of funds borrowed the Trustees are determined that the Ve1 of reserves se¢ure adequale Nvothing capital for the ¢ore ¢08t8. Revaluati reserves are exduded by the Trustees in their GOn$eratE0n of an adequate reserves limit. The trustees believe that the Irusl's assets are available and adequate to fulfil the charity'5 obligalion$.
Zoho Sign Documenl10". 4AC495D7D-G3PI QG 5TIPOFVSE7L6AE1WFCDGDH3PYGNGOGNDE14 The Greek Orthodox Community of St Oemetrios of Edmonton Registered number.. 281574 Trustees. Report for the year endèd 31 Dècember 2023 Risk mana9&mgnt The trustees actively revi the risks the charity faces on a regular bas15 and believe that maintaining our f reseNes at th8 lev8ls slated above. combined with our annual review of conlroL8 over k8y financial systems carrd out through an internal audit programme, will provide sufficient resources in the event of adverse conditions. The trustees have also èxamined other operational risks which we face and confirm that thay have established $y$tem8 to mitigate the sufficient r15ks. Fundraising 5tandard$ The Charity carries out fundraising for both general a¢tivilie$ and specific ¢au$88. Al cemmunication with potential donors is open and transparent regarding the purpose for and u8e of the donation. The Charity ensures all fundraising activities a legal. The Charity continues to be giateful for the support of all of 115 dontsts. TruÉte&s' Responsibilities Trustees are responsible for preparing the Annual Report and financial $latements In ac¢ordanee with applicable law and UK Accounting Stsndards (UK GUPI. including FRS102'The Financial Reporting Standard applicable in the UK and Republic of Irelandl- The Law app1ieabEe to Chariti&s in England and Wales r8quires the Trustees to prepa financial $tslemenls for each financial year which give a true and fair vW of the stale of affairs of the charily and ol the incoming resour$ and application of resources of the Charity for th8t period. In preparing those finanual slaiemenls the Tru$tee$ are reQuitt I 8èkcl suitabl8 accounting policies and then apply them consistently.. make judgement5 estimate$ th81 a rea8on3ble and prudent., prepa the finanaal 8talements on the going concern basis unless It L8 inappropriate to presume that the charity will continue in busin6SS-. state whether appli¢abl8 accounting standards and statements of ¢0MMended practice have been followed. Subject lo any material departures disc105ed and ex Hle the financial slaternenls,. observe the methods and principles in the Charity Ststement ol Recommended Practice The trustees a responsibl8 for keeping adequate accounting COrdS that are sufficient lo show and explain the ¢harity's transactions and di5c105e with reasonabl& aUr8¢Y at any time the financial position of the charity and enable them lo ensu that the finan(aal statements comply wlh the Chari118S Act 2011 and the Charity IA¢counts and Reports Regulations 20081. They are alse responsible for safeguarding the as5els of the ¢harity and hen¢e for taking reasonable 51ep5 for the prevention and detection of fraud and other irregularities. The trustees are also respon8ibl8 for the content5 of the Iruslees, report. and the sponSibl11tY of the auditors in relation lo the Iruslees. report Is limited to examining the repr>rt and ensuring that, on the face of the port. there ar8 no incon51slencies with the figu5 disclosed in the financial statement5. ststement ol disclosure of informatfjon to independent examin8r So far as th8 Trustees a awa the is no rel&vanl information of which Charitie's examiner is unaware. The Trustees have taken all steps that they believe they ought to have tsken lo make Iharnselves aware ol any relevant information and to establish that the Charili&'$ examiner 1$ aware of that Infomalion. This pOrt was approved and signed on behalf of the board on 4 November 2024. Michael Eraclous Trustee Demetri05 DOITl8triou Trustee
Zoho Sign DMentIO.. 4AC495DYD-G3PI_QG 5TIPOFVSE7L6AE1WFCDGDH3PYGNGOGNDE14 The Greek Orthodox Community of St Demetrlos of Edmonton Independent Examiners. report to the trustees on the preparation of the unaudited statutory accounts ofThe Greek Orthodox Community of St Demetrios of Edmonton for the year ended 31 D9c&mber 2023 I report on the accounts of the charity for the year lo 31 December 2023, which are sel out on pages 6 10 14. Respective responsibilities of trustees and examinèr As the charity's trustees you are responsible for the preparation of the accounts,. you consider th81 the requirement of section 144121 of the Charities Act 2011 Ilhe 2011 Acll doe5 not apply, and that an independent examination is needed. Thg charity gross income exceeded £250.000 and l am qualified to undertake the examination by being a qualrfied membgr of ACCA. 11 is my responsibility lo examine the accounts under section 145 of the Act and lo Slate, on the basis of procedures specified in the General Directions given by the Charty Commission under section 145151{bl of the Act 2011", and slate whether particular matters have come lo my attention. Basis of Independent examiner'$ report My examination was carried out in accordance with the General Di¢t10nS given by the Charity Commission. An oxaminalion includes a review of the accounting records kept by the charrty and a Comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you a5 Iruslees concerning any such matters. The procedures undertaken do not provide all the evidencg that would be required in all audit, and consequently we do no opinion given as lo whelhgr the accounts present true and fair view and the report is limited to those matters slated below. Independent examiner's Statèment In connection with my examination. no maller has come lo my allenlion. which gives me reasonable cause lo believe that in any material respect the requirements lal lo keep accounting record5 in accordance with section 130 of the 2011 Act", and Ibl lo prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act. have not been met.. or 2. to which, in my opinion, attention should be drawn in orLler lo enable a propgr understanding of the accoun15 to be reached, Andrew Georgiades FCCA Nicholas Peters & Co Lirnited Independent Examiner 2nd Floor 10-12 Bourlgt Close London W1W7BR 4 November 2024
Zth SvJn D(Kumenl ID". 4AC495D7D-G3PI QG 5TIPOFVSE7L6AE1WFCDGDH3PYGNGDGNDE14 Thg Greek Orthodox Communlty of St Dfrmetrlo$ of Edmonton Statement of Financlal ActlvStle$ for th• y•ar •nded 31 Dg¢?mbgr 2023 RESTRICTED FUNDS 2023 UNRESTRICTED FUNDS Z023 TOTAL FUNDS 2023 TOTAL FLINDS 2022 Notss InGome Donations 229,353 203,256 33,214 24,694 490,517 229.353 203.256 33.214 24.694 490.517 231.441 204.427 27.493 14.576 477.937 Income from investment Total Exp8ndSture on Raising funds 3.081 473.227 478.308 3,081 473,227 476,308 8,342 441.939 4SO.281 Totrl t4&t Incomoloxpendlturg bofgr• inv05trnent gainslllos5esl 14.209 14.209 27.656 Othgr rgcognisod galn8111088081 Other gainslllosse81 34,593 Not movemgnts In fund 14,209 RgGoncillatlon of funds T¢)tal fund8 brought fOard 1,435.491 1.435.491 1,407,835 Total funds carrt•d forward 1.449.700 1,449.700 1,470.oe4 The rEI movwnent in funds referred to 8bovÈ is the nel Incoming resources as defined in the sialemenl ol Recommended Pradice for Accounting and Reporting issued by Ihe Charity Commission for England & Wale8 and is reconcikd lo the lolal funds as shown In the Balance Sheet on page 7 a5 required by ihe said slalemenl. All act1v105 darive from contlnulng operatlons
Z(tho Sign D¢)wmgnl ID.. 4AC495D7D.G3PI QG 5TIPOFVSE7L6AE1WFCDGDH3PYGNGOGNDE14 The Greek Orthodox Community of St Demetrlos of Edmonton Balance Sheet as at 31 December 2023 Notes 2023 2022 Flxed assets Tangible assets Investments 1,159,349 505,000 1.884,349 1,166,757 505,000 1.671,757 Current assets Debtors Cash at bank and in hand 15,638 56,787 72.425 19,683 73,673 93,356 Creditors-. amounts fallirbg due wlthin one ygar 10 1131.1841 {135.0291 Not current Ilabilltles 158,7591 141.6731 Total assets less current 1.605,590 1.630.084 Creditors: amounts falling due after more than one year 11 1121.2971 1160,0001 Net assets 1,484,293 1,470,084 Funds- Revaluation reserve Unrestricted funds Total Unreslricted funds 14 14 34.593 1,449,700 1,484,293 34.593 1,435,491 1,470,084 There were no recognised gains or losses other than those included in the Slalemenl of Financial Activities. The financial slalemenls were approved and aulhorised for issue by the Iruslees on.. Le*-Q.- Mlchael Eraclous Trustee Demetrlos D8mgtriou Trusteg Signed on behalf of the trustees on 4 November 2024
Zoho Sun DLKurngnl ID. 4AC4g5D7D_G3PI QG 5TIPOFVSE7L6AE1WFCDGDH3PYGNGOGNDE14 The Greek Orthodox Community of St Demetrios of Edmonton Notes to the Accounts for the year end 31 De¢emb8r 2023 1 Accounting policies 1.188sis of preparation The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordanGe with Ac¢ounling and Reporting by Charities.. Slalemenl of Recommellded Practic applicable lo charities preparing their accounts in accordan %vith tho Financial Reporting Standard appliCae In the UK and Republic of Iland IFRS 10211ssued on 16 July 2014 las updated through Upde Bulletin 1 published on 2 February 20161, th8 Financial ReportiTvJ standard applicable In the United Kingdorn and Republic of IielaDd IFRS 1021 and UK Generally Aepted Accounliw Practice. The address of the registered office is given in the chaiity infomation on page 1 of these finan¢ial statements. The nature of the charivs operations and printipal actilieS are as sel out In the TruslaÈs' annual report on pag& 2 of these financial stalemenls. The financial $lalemenls have been prepared on a going concem basis as th& trustees believe that no material uncertainties exist. The truste&8 have considered the kvel of funds held and Ihe expecl&d level of incorne and expenditure for 12 monlh5 from aulhorising these financial slalemenls. The bUdted income and expenditure 18 8ufficient with th8 level of reseNes for the charity to be able 10 continue as a going conc8M. The financial slalemenls are presented in slerfing which 15 the functional currency tsf the tharity a rounded lo the nearest pound. The signrficant accounting policies applied in the preparation of these finan¢ial ststements are sel out below. These policies have been tonsislenuy applied to all years pr&s8nled unless otherwise slated. 1.2 Recognition of incomlny resour¢e$ These are in¢luded in the Statement of Financi Acliwties ISOFAI when.. the chanty becom&s entitled lo the resource5', th8 trustee5 are virtually rtain they will receive th8 sOurces,. aThJ the monetary value can be asured Y4ilh Sufficient lIabIlIty. Charity actiMlie$ from the church include mOsY wedding8, funera15 and weddings where the income 1$ ¢ognised when th8 paym8nl Is made 8ft8r th8 functions. Charity activitie5 from school the Income Is paid in th& In$talments and recognised when the payment Is re1Ve by the charity. RaisirvJ funds activities income is tycognised on particular occa8ion8 when th8 charity organises events and at the end of the day when the cash donations are banked the income 15 recogni5ed. Donations are in cash and come mainly from the ma$$ trays and the member of the church who pay fixed amount ever y month. The don8lions are recogni88d as soon as are banked. No amount is included in the financial Statements for volunteer time in line with the SORP IFRS 1021. Further detail is given in th8 Trustees. Annua1 R8porl. GrantrecognitiOII Government grants are recogni58d in profit or 105S On a $y$temalic ba$1$ over the periods in which the charity recogni5es expenses for the related costs for which th8 grants ar8 intended to CLKnpensate, which in Ihe case of grants related lo assets requires s&tting up the grant as deferred in¢i)me or deducting il from the carrying amount of the ass8L
Zoho Sign Document ID. 4Ac495DFG3PI QG 5TIPOFVSE7L6AE1WFCDGDH3PYGNGOGNDE14 The Greek Orthodox Community of St Deme10$ of Edmonton Notes to the Accounts for thè year ended 31 December 2023 1.2a Expondlturo recognltion Iul exp&nditure is accounted for on an a¢¢wats basis 8Th1 has b8en classified under headlngs that aggregate all costs lated lo the category. Expenditure is recogn15ed where there is a legal or conslruclive obligation to make paymen15 to third parties. il 1$ probab18 that the settlement will be quired and the amount of the obligation can be measured reliably. Support costs are those that assi51 the work of the charity bul do not directly reprt5enl ¢haritae aclivilies and include office ¢osts. governance costs, adminislralive payroll ¢o$ts. They ar& incurr8d directly in support of expenditur8 on the 0.ects of the charily. Wher8 SUPPOrt costs cannol be dire¢tly attributed lo pariicular heaclin95 they have been allocated lo cost of raising fund$ and expenditure on charitable actsvits'es on a basis con8iStenl with use of the resour¢es. Financial instruments The charity has elected lo apply the prowsions of Section 11 'Basi¢ Finan¢ial Instruments, and s1[0 12 'other Finantial Instruments18su88' of FRS 102 to all of 1t$ financial Instruments. Financial instruments are recognised in the chanty'5 balance sheet when the charty becomes party to the contractual provi8ion5 of th8 1Tr51rumenl. FinaD¢ial as$el$ aml Iiabiliti&s are cffset, with the net amounts presented in th8 finanual slalemènts, when there is a legally enforceable right lo sÈt off the reco9ni5ed amounts and there is an Intention lo settle on a net basis or lo reallse the as881 and setue the liability $imullaneously. Basic financial a55ets Basic fi'nancial assets. whl¢h Include debtors 8nd cash and bank balances. are initially measured al transaction price Includ5ng transaction costs and are $ubsequently carried al amortised c051 u51ng the effective interest method unless the arrangement constitute5 a financing transaction. wherè the transaction is Tnea5ured at the pfesènt value of the future re¢eipts di$counled at a m81kel rate of interest. Finantyal 8$$ets classified as reIvable within one year are not arnortised. Impairment of finandalass¢ts Financia1 a5selS. Other than those held at their value through profit and loss, are assessed for indicators of Impaimenl al each reporting end date. Finalra1 assets are imp8irecS wh&re there 15 obJ'e¢th've e¥Adence tha( a8 a result of one or mora events that occurred after the initial cOgnitiON of the financial asset, th8 estimated future cash flows have been affected. If an asset 15 impaired. the Impairment 1099 is the differents between the gaming amount and the present value of the estimated cash flows discounted al the asset's original effective interest rate. 'The Impairment loss is recognised in profil or ltsss. Der8cognltion ofiinancl818ssots Financial a e¢¢gniSed only wh&n the contractual rohts lo the ¢8$h flows from the asset expire or are Settled. or when the charity tran5fe15 the finan¢ial ass81 and substantially all the risks and rewards of ownership lo another enlity. or If some significant risks and reward5 of ownership are retsined bul control of the asset has transferred lo another party that 1$ able lo Sell th8 asset in its 8nlir8ly to an unlated third party.
Zoho Sign DUMEnt ID.. 4AC495D7D-G3PI QG 5TIPOFVSE7L6AE1WFCDGDH3PYGNGOGNDE14 The Greek Orthodox CommunSty of St Demetrios of Edrnonton Notes to the Accounts for the year endèd 31 Dtreember 2023 Classificetion of financial liabilities Financial Iiabilili&s and equity instrumen15 a ¢lassif*d a¢¢ordin9 to the substance of the conlractU81 arrangernent5 entered Into. An equity instrument Is any contract that evidences a residual interest the asset$ of the charity after deduclir& all of ils liabilitie5. 88sic fin8nci81 liabilities Basic financial liabili1165. including creditors. a initiolty cOgniSed at transaction price unless the arrangernent con51ilules a financing Iran$a¢tion, wh?re the debt instrument 15 measured at the present vu8 of the future payments discounted al a Tnarket rate of inte$1. Financial liabilities classified as payable within one year a not amortised. Debt irBlruments are subsequentty carried al amortised cost, using the effective interest rate method. Trade ¢dItorS are obligations lo pay for good5 or seN15 that have been acquired in the or(Jinary course of business frorn 5upplie15. Amounts payable are ClassifK as current liabiliti&s if payment is due within one year or less If not. they 8re presented as non-currenl liabilities. Trade creditor$ are recognised Initially at transaction price and subsequeniiy measu¢ ai amortised ¢o$t using the effective interest methl. Derecognltlon of fln8ncial liatsllties Finan¢ial liabilities are d8recogni88d whan th8 charity's ntractual obligations expire or are dlscharged or cancdled. 1.3 Fixedassets and depre¢iatlon Oepreciatlon 15 provided al the followin9 annual rates in order to write off the assets over thwr estirnaled useful economic lif? less bts residual value. Fixtures, fitbng$ and equipment 15% straight line Oepreciation is not charge(l Land and Buildings a8 11 is the cyinion of th? Iruslees that the cuTrent value is in &xces$ of the cosL 1.4 Stru¢ture of fund$ The charity rnainlains a general UnstrICted fund which repr8s8n15 funds which are expendable al the discretion of Ihe tru8te&s in furtherance of th& objec15 of the charity. Such funds may be held in order to finance both working capital and capit41 investment. Restricted funds are 80ught by th8 charity for particular purposes during the mèsses le.g cats$trophie$l, aThJ then are paid lo other charilios for the specifi¢ PUfPO8e. 1.5 D•btor$ anderedtors re¢eIVablP8Yab1e wlthln oneyear Debtors and creditors with no $lated Interest rate and receivable or payable within one year are recorded al transa¢tion pri¢e. Any losses arising from impairmenl are recognised in expenditure 10
Zoho SvJn D(tumenl10.. 4AC495D70-G3PI QG StIPOFVSE7L6AE1WFCDGDH3PYGNGOGNDE14 The Greek Orthodox Community of St Demetrlos of Edmonton Notes to the Accounts for the year ended 310ecember 2023 1.6 Judgementand key sources of estlmatlon uncertainty No judgements lapart from those involving estimale$l hav& been made in the process of apptying the above accounting policies that have had th8 most significant effect on 8mounts recognised In the finanaal slatemenl$. ND key assumptions concernifig the future and other key source5 of estimation uncertainly at the r8POrting dale that h8ve a significant risk of causing a material adiuslmenl lo the Carrying amounts of assets and liabilitie5 within the next finan81 year. 1.7 Taxation A5 a register chafity, the ory8nisalion is exempl trom income and corporation tsx to extent trat its income and gains ao applicable to charitable purposes only. Value Added Tax k8 not recov8rable by the charity, arKJ Is therefts induded in the relevant costs In the SOFA. 2 Income 2023 2022 Donatlons & legacles Donaiions & legaoe5 Gift aid 216,374 12,979 229,353 216,328 15,113 231,441 Charitable actlvltles Weddings Baptisms Funera15 Other Sew¢e$ School Nursery fee5 Hire of Hall Granl 6SO 18,470 23.720 39,933 40,572 63,008 8.278 10,627 203,256 3,570 12,995 16,670 40,453 38,534 91,005 1,200 204,427 Other activitios Book Shop Dinner & Dance & Bazar¥ 9.114 24,100 33,214 13,675 13.818 27,493 Investments Rental Income Interest receivable 24,450 244 24,694 14,53S 41 14.576
Zoho Sign DLum8nl10". 4AC495D70-G3PI QG 5TIPOFVSE7L6AE1WFCDGDH3PYGNGOGNDE14 The Greek Orthodox Community of St Demetrio¥ of Edmonton Notes to the Accounts for the year ended 31 December 2023 3 Statement that no expen585 were paid to trustfjes or Gont¢ted por$tsns No eypgnses We paid lo twstees or person$ connected with Ihern. Trustèe8' and key manag8rn•nt personnol r8fflun8ratlon and expon$o$ The trustees are th8 key management personnel. There are no employees who re¢eNed loial employee benefits of more than £60.10. average number of employees is 1812022 is 201. 4 Indepondent axamlner remuneratlon independent examinee$ omuneralion was £1. 32012022.. £1,320). S Expendlturo on.. 2023 2022 Raislng fund5 ook shop exp&nses Dlnner and Dance. Bazar expens85 1.543 1.538 3,081 8.342 8.342 6 Charitablo actlvllles 2023 2022 Church activlties ArchaCes& Bank charges Candle5 Ghur¢h wages Freèlance Cleaning Depreciation Grant eYpen5ed Rent Donations Ernployels Nl Insurance Manag8rn8nt fees Service ¢harge$ Inte$1 Light and heat Repairs and maintenan¢e Printsng. postage and stationery FenSn Other expense$ Subscriptions Te18phone and fax EquipTll1 hire Sofiware & website desvJn Trave1 and sub8lStence Accounlancy f8es 7,737 620 22,920 102,499 16,621 10,488 12,126 10,627 1e.800 34,671 10,832 13.884 1,350 1.440 7.045 17.444 42.503 7.294 2.493 13.424 3.980 10,003 104,644 15,834 4,381 16,018 11,620 29,416 14.854 13.180 1,392 655 1,393 14,096 43.818 6,827 2,457 2,449 424 2,774 11,126 2,722 2,330 2,862 375,041 6,128 1,255 1,704 2.850 312.108 School, nur58ryb after scho Nursery wages S¢hool wages Exam 8xpenses Nursery expenses 53.572 44.890 17201 444 98.186 88.041 42.069 14171 138 129.831 Total ¢harltable actlvltles 473.227 441,939 12
Zoho &gn Document ID.. 4AC495D7D-G3PI_QG 5TIPOFVSE7L6AE1WFCDGDH3PYGNGOGNDE14 The Greek Orthodox Communlty of St Demetrios of Edmonton Notes to the Accounts for the year ended 31 December 2023 7 Tanglble Ilxed assets Land & building$ & Flxtures. flttlngs Improvgments & equipment Icons Total Cost At l January 2023 Additions 1,079.190 410.135 3.548 413.683 56.830 1,170 58.000 1.546,1 4,718 1.550,873 At 310ecember 2023 1.079.190 Depreclation At 1 January 2023 Charge for the year At 31 D8ceTnber 2023 379.398 12,126 391,524 379,398 12.126 391.524 Net book value At 31 DeTrrnber 2023 1,079,190 22.159 58,000 1.159,349 At 31 December 2022 1,079,190 30,737 56,830 1.166,7S7 Feho land and buildings and investmen15 properties". 2023 2022 Historical cost Cumulatnie deprecKgtKn based on historical ¢osi 1,549.597 1,54g,597 8 Investments prop8rti8s Investments In properties o$t At l January 2023 505,000 Al 31 DeMr 2023 505.000 The trustees revalued the propertS and in thèir onIOn their are rele¢led at maFket value as at balancè sheet date. The properties are rented lo Unconnect parties al market tenn5. 9 Dobtors 2023 2022 other debtors 15,838 19.683 10 Credlttsrs: amounts falllng Iluè wlthln on8 year 2023 2022 Other taxe5 anLI so¢ial $e¢urily costs Other ¢110r6 3.184 128,000 131,184 9,657 125,372 135.029 13
Zoho Sign Documenl ID" 4AC495070-G3PI QG 5TIPOFVSE7L6AE1WFCDGDH3PYGNGOGNDE14 The Greek Orthodox Community of St Demetrio¥ of Edmonton Notes to the A¢count$ for the year endèd 31 December 2023 11 Creditors-. amounts falling duo aft¢r on& year 2023 2022 Loans 121.297 160.wo Th8 loan is from St Nichola$ Gk Orthodox Educational Centre. The repayments of £20,000 in April and OclL)er. The compDurK1 interest is 2%. 12 Loans Th& loan within one year is Secu on Il tsehold property. 2023 2022 1115 r&payable as follows-. wrthin orte year 105,000 90.IJOO 105.000 90.000 13 Related party tran5action5 There were relatsd party transactions amounting lo £4,90012022- £15,635) re*ived from Iruslees. 2023 2022 14 Unrestrictsd funds Revaluatlon General Total Total At l January 2023 34,593 1,435.491 1.470.084 1.407.835 Net movement 14,209 14.209 27,656 As a131 December 2023 34.593 1.449,700 1.484.293 1,435,491 14