THE GREEK ORTHODOX COMMUNITY OF ST. CHARALAMBOS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 Charity Number 802532 THE GREEK ORTHODOX COMMUNITY OF ST. CHARALAMBOS Charity Inforniation Trustees for the year to 30 June 2024 were His Eminence Archbishop Nikitas Mr C Izamis Mr P Toumazou Ms A Karyki Mr X Papanikolaou Ms L Papacharalampous Charity Number 802532 Community Add￿$$ Lower Harpenden Road East Hyde Luton Bedfordshire LU2 9QS Independent Examiner Keith A. He￿ood SPA Calle Noruega 22, PBJ 15 Gran Alacant 03130 Santa Pola Alicante. Spain Contents Trustees. Report Independent Examiner's Report Receipts and Payments Account Statement of Assets and Liabilities Notes to the Accounts THE GREEK ORTHODOX COMMUNITY OF ST. CHARALAMBOS TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 The Greek Orthodox Community of St. Charalambos is registered with the Charity Commissioners (802532) and is govemed by its constitution adopted 3rd November 1989. Principal activty and Aims of the Organisation The main objective of the church is to promote the faith of the Greek Orthodox Church in Luton and rts environs by all or any of the following means.. 1. Providing and maintsining places of public worship and the due performance of the rites of marriage. christening and burial according to the principles of the Greek Orthodox Church. 2. Teaching and educating members of the Greek Orthodox Community the doctrine and practices of the Greek Orthodox Church, to include customs, traditions and the Greek language. Achievements and Performance The following achievements have taken place during the year.. The continued running of weekly church seNices in Greek, English, Romanian and Slavonic. The running of visits to hospitals, old people's homes and prisons by community members. Financial Review, Reserves and Investment Policy This year, with the latest phase of improvements to the church hall and car park completed, the organisation received £40,000 more gross income compared with the previous accounting year. £19,000 of this increase was from Gift Aid income tax repayments. Excluding new buildings costs of £5.000. expenses did not increase in the year. Overall, the net value of the Church's assets were increased by £39,000 to £582,000. At the date of the Balance Sheet the Trustees had received from HM Revenue and Customs the Gift Aid claim submitted to 2022123. The claim for 2023124 and subsequent years will be submitted annually. The Trustees have a resenie policy of holding at least six month's running costs in hand at the end of the accounting year. The Trustees will only invest in low risk investments, which results in all liquid funds being held in High Street Bank or Building Society accounts. Future Planes The future plans of the organisation are to maintain its current achievements, namely the running of weekly church services in Greek and English and other languages used by orthodox believers and to attend to the well being of the members of the Church and of the local Greek community and all Orthodox people in the area. The accounts were approved by the trustees on 28 February 2025 and signed by.. Ms A Karyki Mr C Izamis THE GREEK ORTHODOX COMMUNITY OF ST. CHARALAMBOS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GREEK ORTHODOX COMMUNITY OF ST. CHARALAMBOS FOR THE YEAR ENDED 30 JUNE 2024 I report on the accounts for the year ended 30 June 2024 which are set out on pages 3 to 5. Respective responsibilities of Trustees and Examiner. The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act)) and that an independent examination is needed. It is my responsibility to.. examine the accounts (under section 43 of the Act), to follow the prO￿dureS laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the Act), and to state whether particular matters have come to my attention. Basis of Independent Examinerfs reporl My examination was carried out in accordan￿ with General Directions given by the Charity Commission. An examination includes a 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 disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The prO￿dureS undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the accounts present a 'lrue and fair, view and the report is limited to those matters set out in the statement below. Independent Examinerfs statement In the course of my examination, no matter has come to my attenlion" which gives me reasonable cause to believe that in any material respect, the requirements.. to keep accounting records in accordan￿ with section 41 of the Act, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 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. /tA Keith A Heywood SPA Calle Noruega 22, PBJ 15 Gran Alacant 03130 Santa Pola Alicante, Spain Date: 28-Feb-25 THE GREEK ORTHODOX COMMUNrrY OF ST. CHARALAMBOS RECEIPTS AND PAYMENTS ACCOUNT (ALL FUNDS ARE UNRESTRICTED) FOR THE YEAR ENDED 30 JUNE 2024 2024 2023 RECEIPTS Church collections and donations Baptisms, weddings and funerals Gift Aid income tax repayments Miscellaneous receipts 79,565 7,980 19,275 48,332 9,960 8,447 106,821 106,821 66,739 66,739 TOTAL RECEIPTS Donations and fund raising costs Donation Greek School Charitable gifts Religious books and publications Fund raising 2,387 1,380 160 480 640 3,767 Church expenses Staff salaries Priest's service expenses Travel and subsistence Baptism, wedding and fvneral costs Church expenses 19,799 1,726 1,155 1,200 2,765 26,644 19,419 766 713 900 21,797 Establishment expenses Storage rent and rates Light, heat and power Insurances Printing, postage & stationery Repairs and maintenan New Building costs 1,316 3,792 3,394 585 2,946 2,076 99 16,125 19,169 41,000 25,734 4,978 39,214 Administration costs Accountancy Telephone and Internet Internet and security Greek Clergy pension fund General expenses 300 406 90 481 346 28 100 161 1,116 67,680 457 1,253 67,751 TOTAL PAYMENTS 67,751 £39,070 67,680 -£941 NET RECEIPTSI-PAYMENTS The attached Notes fom part of these financial statements. THE GREEK ORTHODOX COMMUNITY OF ST. CHARALAMBOS STATEMENT OF AssEfs AND LIABILITIES (ALL FUNDS ARE UNRESTRICTED) AS AT 30TH JUNE 2024 2024 2023 CASH FUNDS Bank current account - Natwest Bank account Cash in hand 105,350 66,280 105,350 66,280 OTHER MONETARY ASSETS Gift Aid tax repayment claimed 105,350 66,280 ASSETS RETAINED FOR CHARITYS OWN USE FREEHOLD PROPERff Freehold property Improvements Church Hall 225,000 27,627 73,841 225,000 27,627 73,841 326,468 326,468 FURNITURE AND EQUIPMENT Furniture and equipment Icons Holy sacraments 102,500 37,122 11,186 102,500 37,122 11,186 150,808 582,626 150,808 543,556 LIABILITIES Sundry creditors and accruals Loan account 300 300 300 £582,326 300 £543,256 TOTAL ASSETS LESS LIABILITIES REPRESENTED BY ACCUMULATED FUNDS Reserves brought fomard Net ReceiptslPayments for the year 543,256 39,070 £582,326 544,197 -941 £543,256 The attached Notes fomi part of these financial statements. The accounts were approved by the trustees on 28 February 2025 and signed by.. Ms A Karyki Mr C Izamis Trustees THE GREEK ORTHODOX COMMUNITY OF ST. CHARALAMBOS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 Basis of preparation of accounts The financial statements of the church community have been prepared in accordance with the Church Accounting Regulations 2008 using the Receipts & Payments basis. Fixed assets retained for Church use are the freehold property at Lower Harpenden Road, East Hyde. Luton, Bedfordshire LU2 9QS, purchased in June 2010, at a cost of £225,000. Improvements to the Church premises costing £27,627 were carried from June 2010 onwards and in 2019 the Church Hall was constucted for £73,841. Additional work on extending the Hall has been undertaken in 2022 and the costs set against income. Furniture and equipment retained for Church use has cost £102,500 to the date of these accounts, with £37,122 being spent on Icons, and £11.186 on Holy Sacraments. No depreciation has been provided for because the trustees are of the opinion that all fixed assets have more than maintained their historic value. Reimbursed expenditure Any payments made in the year to any of the trustees represents the reimbursement of expenses wholly and necessarily incurred in the performance of their duties as trustees.