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2024-12-31-accounts

Charity registration number 293472 (England and Wales)

Greek Orthodox Comm. of Christ The Saviour

Annual Report And Unaudited Financial Statements For The Year Ended 31 December 2024

Greek Orthodox Comm. of Christ The Saviour

Legal And Administrative Information

Trustees Mr L Silver
His Eminence Archbishop Niketas of
Thyateria and Great Britain
Mr X Koromplias
Miss M Peters
Mr V M Tsimis
Charity number 293472
Principal address The Vicarage
3 St Michaels Rise
Okehampton Crescent
Welling
DA16 1DF
Independent examiner Loucas
71 Bellegrove Road
Welling
Kent
DA16 3PG
Bankers Santander UK Plc
2 Triton Square
Regent's Place
London
NW1 3AN

Greek Orthodox Comm. of Christ The Saviour

Contents

Page
Trustees report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 17

Greek Orthodox Comm. of Christ The Saviour

Trustees Report

For The Year Ended 31 December 2024

The Trustees present their annual report and financial statements for the year ended 31 December 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Greek Orthodox Community Church of Christ the Saviour's trust deed, the Charities Act 2016 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in January 2019.

Objectives and activities

The charity exists to provide a service to the Greek Orthodox Community and other Orthodox Christian communities. The main objective is to provide the opportunity for the Orthodox Christian faithful to attend religious services, to maintain and promote Orthodox Christian beliefs and traditions, and to support the spiritual and cultural life of the community.

The Church is an integral part of the local community, offering its parishioners a place for worship, support, and prayer. The charity also helps to raise awareness of the Orthodox Christian faith by bringing together members of different Orthodox Christian communities and promoting unity through shared faith and heritage.

The charity further seeks to maintain, preserve, and improve the property and holy premises under its care, ensuring their continued use for worship, associated activities and general community benefit. The Trustees have paid due regard to the guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The charity is reliant upon fundraising events, with the support of volunteers, to assist with the running and administration of events and activities throughout the year.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

The charity is reliant on fundraising events with the support of volunteers to man stalls and help with the running and administration of the events during the year.

Achievements and performance

During 2024, the community successfully hosted a full programme of religious services and events. Several key events took place over the course of the year, including the Theophany celebrations at Danson Park, Pascha celebrations within the Church grounds, the post-Pascha BBQ, the community’s annual feast day celebration, the Christmas Market and more. In addition, other ad hoc fundraising and community gatherings were organised, helping to raise funds for the charity while promoting the Orthodox Christian faith and fellowship throughout the wider community.

During 2024, refurbishment works at 1 Somerhill were completed, and the property is now offered as accommodation to the priest-in-charge with no rent chargeable in support of his pastoral duties and ongoing service to the community.

Further improvements were also carried out at the Holy Nave, including the installation of new carpets, electrical upgrade works, general maintenance and upkeep of the overall condition of the premises.

A card payment machine was installed within the Holy Nave to facilitate and simplify the process of receiving donations from parishioners and visitors.

A CCTV system and outside lighting were installed at the Church Temple premises as part of Home Office funding to provide greater protection for the property following incidents of vandalism a few years prior.

A significant milestone in 2024 was the launch of the Byzantine School of Music Branch, providing members of the community—both young and adult—the opportunity to study Byzantine ecclesiastical music and preserve our sacred musical heritage.

Page 1

Greek Orthodox Comm. of Christ The Saviour

Trustees Report (Continued)

For The Year Ended 31 December 2024

Financial review

The principal funding sources for the Charity are currently by way of donations and events.

The Charity has £63,099 cash at bank and in hand as at 31 December 2024. The total reserves amount to £606,768 of which £595,230 are unrestricted and £11,538 are restricted.

Going concern

The Trustees have evaluated the circumstances in which the Charity operates. During the year, significant funds were utilised for the refurbishment of 1 Somerhill, which has now been successfully completed and offers suitable accommodation for the Priest-in-Charge. Despite this major investment, the Charity continues to hold adequate unrestricted reserves, and the Trustees have therefore concluded that there are no material uncertainties that cast doubt on the Charity’s ability to continue as a going concern over the medium term.

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Page 2

Greek Orthodox Comm. of Christ The Saviour

Trustees Report (Continued)

For The Year Ended 31 December 2024

Plans for future periods

It is the assessment of the Trustees that the charity is in a healthy financial position with enough incoming resources that it can continue to operate in the foreseeable future.

The Charity's aims for the upcoming financial 2025 year are as follows;

Structure, governance and management

The Charity was established by a charitable trust deed on 20 December 1985.

The Trustees who served during the year and up to the date of signature of the financial statements were: Mr L Silver

His Eminence Archbishop Niketas of Thyateria and Great Britain Mr X Koromplias Miss M Peters Mr V M Tsimis

In selecting individuals for appointment as Trustees, the Trustees will have regard for the skills, knowledge and experience needed for the effective administration of the Charity. If needed, new trustees will be trained in their duties by experienced Trustees.

The board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.

The trustees manage the day to day running of the charity with Mr Vasilios Tsimis, Mr. Xenofon Koromplias and Miss Maria Peters holding key officer roles and Mr. Andrew Alec Leon Silver carrying out an advisory role.

None of the Trustees have any beneficial interest in the charity.

The Trustees report was approved by the Board of Trustees.

Mr V M Tsimis Trustee

30 October 2025

Page 3

Greek Orthodox Comm. of Christ The Saviour

Independent Examiner's Report

To The Trustees Of Greek Orthodox Comm. of Christ The Saviour

I report to the Trustees on my examination of the financial statements of Greek Orthodox Comm. of Christ The Saviour (the Charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2016 (the 2016 Act).

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Charities Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 (revised January 2019) which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Athos Louca, FCCA, ICPAC (Senior Statutory Auditor) for and on behalf of Loucas

71 Bellegrove Road Welling Kent DA16 3PG

Dated: 29 October 2025

Page 4

Greek Orthodox Comm. of Christ The Saviour

Statement Of Financial Activities

Including Income And Expenditure Account

For The Year Ended 31 December 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
76,851
3,930
Charitable activities
Charitable Income
4
6,895
-
Other trading activities
5
5,662
-
Investments
6
3
-
Total income
89,411
3,930
Expenditure on:
Raising funds
7
17,289
-
Charitable activities
8
44,087
1,945
Other expenditure
13
4,232
-
Total expenditure
65,608
1,945
Net income/(expenditure) and
movement in funds
23,803
1,985
Reconciliation of funds:
Fund balances at 1 January
2024
567,822
13,158
Fund balances at 31
December 2024
591,625
15,143		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
80,781
63,781
13,158
6,895
5,115
-
5,662
9,870
-
3
4,001
-
93,341
82,767
13,158
17,289
10,089
-
46,032
44,054
-
4,232
65,701
-
67,553
119,844
-
25,788
(37,077)
13,158
580,980
604,899
-
606,768
567,822
13,158		 Total
2023
£
76,939
-
5,115
9,870
4,001
95,925
10,089
44,054
65,701
119,844
(23,919)
604,899
580,980

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Page 5

Greek Orthodox Comm. of Christ The Saviour

Balance Sheet

As At 31 December 2024

Notes
Fixed assets
Tangible assets
15
Current assets
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
The funds of the Charity
Restricted income funds
18
Unrestricted funds		 2024
£
1,527
63,099
64,626
(1,634)		 £
543,776
62,992
606,768
15,143
591,625
606,768		 2023
£
1,543
37,770
39,313
(1,380)		 £
543,047
37,933
580,980
13,158
567,822
580,980

The financial statements were approved by the Trustees on 30 October 2025

Mr V M Tsimis Trustee

Page 6

Greek Orthodox Comm. of Christ The Saviour

Notes To The Financial Statements

For The Year Ended 31 December 2024

1 Accounting policies

1.1 Basis of preparation

The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2016 and “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)” (as amended for accounting periods commencing from 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to 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 Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Page 7

Greek Orthodox Comm. of Christ The Saviour

Notes To The Financial Statements (Continued)

For The Year Ended 31 December 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Nil Plant and machinery 25% reducing balance Fixtures, fittings & equipment 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/ (expenditure for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Page 8

Greek Orthodox Comm. of Christ The Saviour

Notes To The Financial Statements (Continued)

For The Year Ended 31 December 2024

1 Accounting policies

(Continued)

1.9 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

The Charity is exempt from corporation tax on its charitable activities.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Page 9

Greek Orthodox Comm. of Christ The Saviour

Notes To The Financial Statements (Continued)

For The Year Ended 31 December 2024

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Page 10

For The Year Ended 31 December 2024 3
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
76,851
3,930
80,781
63,781
13,158
76,939

Greek Orthodox Comm. of Christ The Saviour

Notes To The Financial Statements (Continued)

For The Year Ended 31 December 2024

4 Charitable activities

5
6
7		 Charitable
Income
Charitable
Income
2024
2023
£
£
Charitable income
6,895
5,115
Charitable trading income
Baptisms and funerals
6,895
5,115
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising events
5,662
9,870
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Rental income
-
4,000
Interest receivable
3
1
3
4,001		 Charitable
Income
Charitable
Income
2024
2023
£
£
Charitable income
6,895
5,115
Charitable trading income
Baptisms and funerals
6,895
5,115
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising events
5,662
9,870
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Rental income
-
4,000
Interest receivable
3
1
3
4,001		 Charitable
Income
Charitable
Income
2024
2023
£
£
Charitable income
6,895
5,115
Charitable trading income
Baptisms and funerals
6,895
5,115
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising events
5,662
9,870
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Rental income
-
4,000
Interest receivable
3
1
3
4,001
4,001
Raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Membership schemes and social lotteries
1,290
1,025
Staging fundraising events
8,984
4,061
Other fundraising costs
7,015
5,003
Fundraising and publicity
17,289
10,089
10,089

Page 12

Greek Orthodox Comm. of Christ The Saviour

Notes To The Financial Statements (Continued)

For The Year Ended 31 December 2024

8 Charitable activities

Charitable
Charitable
Expenditure Expenditure
2024 2023
£ £
Staff costs 23,987 22,208
Depreciation and impairment 481 323
Church activities 1,194 -
Administrative costs 9,420 7,758
Church repairs and upkeep costs. 10,037 9,431
Purchase of certificates 813 1,293
Donations 100 3,041
46,032 44,054
Analysis by fund
Unrestricted funds 44,087 44,054
Restricted funds 1,945 -
46,032 44,054
9 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's independent examiner:
- for other financial services 1,637 1,558
Depreciation of owned tangible fixed assets 481 323
10 Independent examiner's renumeration
Fees payable to the independent examiner and associates 2024 2023
£ £
Non-audit services
All other non-audit services 1,637 1,558

During the year the independent examiners received remuneration of £1,637 (2022: £1,558), for preparation of the financial accounts and payroll services.

11 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

Page 13

Greek Orthodox Comm. of Christ The Saviour

Notes To The Financial Statements (Continued)

For The Year Ended 31 December 2024

12 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
1 1
Employment costs 2024 2023
£ £
Wages and salaries 23,470 21,743
Other pension costs 517 465
23,987 22,208

There were no employees whose annual remuneration was more than £60,000.

13 Other

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Rental property refurbishments 4,232 65,701
4,232 65,701

14 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

Page 14

Greek Orthodox Comm. of Christ The Saviour

Notes To The Financial Statements (Continued)

For The Year Ended 31 December 2024

15
Tangible fixed assets
Cost
At 1 January 2024
Additions
At 31 December 2024
Depreciation and impairment
At 1 January 2024
Depreciation charged in the year
At 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023
16
Debtors
Amounts falling due within one year:
Prepayments and accrued income
17
Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals and deferred income		 Land and
buildings
Plant and
machinery
£
£
541,697
5,875
-
600
541,697
6,475
-
4,525
-
422
-
4,947
541,697
1,528
541,697
1,350		 Fixtures,
fittings &
equipment
£
-
610
610
-
59
59
551
-
2024
£
1,527
2024
£
251
203
1,180
1,634		 Total
£
547,572
1,210
548,782
4,525
481
5,006
543,776
543,047
2023
£
1,543
2023
£
271
-
1,109
1,380

Page 15

Greek Orthodox Comm. of Christ The Saviour

Notes To The Financial Statements (Continued)

For The Year Ended 31 December 2024

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1
Collection for Church furniture
Archdiocese donation
Funds for Holy Icons
Philanthropic Initiatives
Previous year:
At 1
Collection for Church furniture
Archdiocese Donation		 January
2024
Incoming
resources
Resources
expended
At 31
December
2024
£
£
£
£
5,200
1,000
(751)
5,449
7,958
-
(1,194)
6,764
-
1,730
-
1,730
-
1,200
-
1,200
13,158
3,930
(1,945)
15,143
January
2023
Incoming
resources
Resources
expended
At 31
December
2023
£
£
£
£
-
5,200
-
5,200
-
7,958
-
7,958
-
13,158
-
13,158		 January
2024
Incoming
resources
Resources
expended
At 31
December
2024
£
£
£
£
5,200
1,000
(751)
5,449
7,958
-
(1,194)
6,764
-
1,730
-
1,730
-
1,200
-
1,200
13,158
3,930
(1,945)
15,143
January
2023
Incoming
resources
Resources
expended
At 31
December
2023
£
£
£
£
-
5,200
-
5,200
-
7,958
-
7,958
-
13,158
-
13,158
13,158

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Previous year:
At 1
General funds		 January
2024
Incoming
resources
Resources
expended
At 31
December
2024
£
£
£
£
567,822
89,411
(65,608)
591,625
January
2023
Incoming
resources
Resources
expended
At 31
December
2023
£
£
£
£
604,899
82,767
(119,844)
567,822

Page 16

Greek Orthodox Comm. of Christ The Saviour

Notes To The Financial Statements (Continued)

For The Year Ended 31 December 2024

20 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 December 2024:
Tangible assets
528,633
15,143
Current assets/(liabilities)
62,992
-
591,625
15,143
Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 31 December 2023:
Tangible assets
543,047
-
Current assets/(liabilities)
24,775
13,158
567,822
13,158		 Total
2024
£
543,776
62,992
606,768
Total
2023
£
543,047
37,933
580,980

21 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

Page 17