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THE GREEK ORTHODOX COMMUNITY THE TWELVE APOSTLES HERTFORDSHIRE TRUST

Registered charity 1108369 · accounts filings on the Charity Commission register

Latest income
£397k
Latest spending
£377k
Registered
2005
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net income surplus of £72,357 for the year ended 31 December 2024, with total funds carried forward of £705,285. The trustees confirmed that the charity has sufficient working capital and are confident in its ability to generate forthcoming income, although they noted that donations decreased due to a lack of major fundraising activities.

What the accounts disclose

Reserves policy: retain surplus funds to maintain sufficient working capital for the charity and its related charity (held: £705k)
“The Trustees reserves policy is to retain surplus funds to maintain sufficient working capital for the charity and its related charity.” — page 3
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Theodoros Liousas received £3,700 for services as a Chanter.
“During the year Theodoros Liousas, a trustee of the company received £3,700 (2023: £3,000) for his services as a Chanter of the Church.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations to School of Byzantine Music Ltd and Hellenic Music Centre Limited, where the church's priest serves as a director.
“During the year, the church made donations totalling £6,000 (2023: £nil) to School of Byzantine Music Ltd and £1,000 (2023: £nil) to Hellenic Music Centre Limited, both of which are non-charitable organisations where J P Paliouras, the church’s priest, serves as a director.” — page 17
“The trust also purchases candles for the church from Mybeewax, which is the trading name of a business of a son of trustee Sotirios Economou. Included within the Statement of Financial Activities are candle purchases from Mybeewax during the year totalling £19,878 (2023: £14,863).” — page 17
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Purchase of candles from Mybeewax, a business owned by the son of trustee Sotirios Economou.
“During the year, the church made donations totalling £6,000 (2023: £nil) to School of Byzantine Music Ltd and £1,000 (2023: £nil) to Hellenic Music Centre Limited, both of which are non-charitable organisations where J P Paliouras, the church’s priest, serves as a director.” — page 17
“The trust also purchases candles for the church from Mybeewax, which is the trading name of a business of a son of trustee Sotirios Economou. Included within the Statement of Financial Activities are candle purchases from Mybeewax during the year totalling £19,878 (2023: £14,863).” — page 17
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Year-over-year changes

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Structured financials (annual return, FY ending 31/12/2023)

Total income
£580k
Total spending
£335k
Cost of raising funds
£57k
Reserves (reported)
£633k
Employees
5

Reported reserves equal ~22.7 months of spending — in the top quarter for charities its size (median 7.0 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Hertfordshire

Income and spending

Financial year endIncomeSpending
31/12/2025£397k£377k
31/12/2024£444k£371k
31/12/2023£580k£335k
31/12/2022£553k£294k
31/12/2021£449k£390k

Common questions

Is THE GREEK ORTHODOX COMMUNITY THE TWELVE APOSTLES HERTFORDSHIRE TRUST financially healthy?

The accounts state that the charity reported a net income surplus of £72,357 for the year ended 31 December 2024, with total funds carried forward of £705,285. The trustees confirmed that the charity has sufficient working capital and are confident in its ability to generate forthcoming income, although they noted that donations decreased due to a lack of major fundraising activities. Its FY2024 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
CHRISTOS LAZARI FOUNDATION1£13k

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