2021-12-31-accounts

TH ARCHBISHOP GREGORIOS TRUST FUND

Charity Registration No: 328396

FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST DECEMBER 2021

ARCHBISHOP GREGORIOS TRUST FUND

Independent Examiner's Report to the Trustees

I report on the accounts of the trust for the year ended 31 December 2021, which are set out on pages 3 and 4.

Respective responsibilities of trustees and examiner.

As the charity's trustees your are responsible for the preparation of the accounts: you consider that the audit requirements of section 43(2) of the Charities Act 1993 does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, whether particular matters have come to my attention.

Basis of independent examiner's report.

My examination was carried out in accordance with the General Directions given by the charity Commissioners. An examination includes review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosure in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiners statement

In connection with my examination, no matter has come to my attention:

• (1) which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with section 41 of the Act; and

• to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act.

have not been met; or

• (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Christos Papadopoulos Chartered Certified Accountant

1

ARCHBISHOP GREGORIOS TRUST FUND

TRUSTEES ANNUAL REPORT

FROM 01/01/2021 TO 31/12/2021

TRUSTEES

Kypros Nicholas Gregory Hadjikyriacou Jason Hadjikyriacou

LEGAL AND ADMINISTRATIVE

The Trustees present their report along with the financial statements for the year ended 31st December 2019. The financial statememts have been prepared in accordance with the accounting policies and applicable law.

Constisution and objects of A.G. Trust Fund was formed on 31st October 1989. Objects to enhance religious education and provide scholarships.

FINANCIAL REVIEW

Income for the year was £ 44050 the maim source was rent from the charity's freehold property,

Expenditure was £ 16688 , £ 5837 was donations.

RESERVES AND FUNDS

The present level of income is considered adequate to support the charity's activities. The trustees consider the financial position of the trust to be satisfactory.

The trustees also consider that, as minimum, £ 5000 should be held in unrestricted reserves to meet contingencies which may arise.

The report was approved by the trustees on 2nd February 2021 and signed on their behalf

By

Gregory Hadjikyriacou

2

ARCHBISHOP GREGORIOS TRUST FUND

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2020

INCOME Rents Other LESS EXPENDITURE Agents Fees Wages & NIC Repairs, Renewals and Decorating Insurance Bank Charges Loan Interest Donations Legal Fees	2020 34,110 34,110 2,982 1,500 10,244 1,479 6 5,116 1,364 22,691 £	2021 44,050 75
		44,125
		- 1,200 1,111 1,495 606 3,939 5,837 2,500
	22,691 £	16,688

EXCESS EXPENDITURE OVER INCOME

11,419 27,437

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ARCHBISHOP GREGORIOS TRUST FUND

BALANCE SHEET AS AT 31ST DECEMBER 2021

FIXED ASSETS Freehold Property Fixtures & Equipment CURRENT ASSETS Prepayments - Insurance Cash At Bank Debtors LESS CURRENT LIABILITIES Creditors Bank Loan NET ASSETS REPRESENTED BY: Accumulated Funds B/F Surplus for the Year Accumulated Funds C/F	2020 649,781 12,188 661,969 750 30,880 0 31,630 8224 143,889 -120,483 541,486 530,067 11,419 541,486	2021 649,781 12,188 661,969	2021 649,781 12,188 661,969
		750 39,428 0 40,178 23224 110000 -93,046
			568,923
			541,486 27,437
			568,923

Agreed and Approved.............................................. Trustee

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