The Serbian Orthodox Church
Of Holy Trinity, Bradford
Financial Statements
For the year ended
31[st] December 2021
Charity Number:1061038
The Serbian Orthodox Church of Holy Trinity, Bradford
Contents For the year ended 31st December 2021
| Contents | Page |
|---|---|
| Charity Information | 1 |
| Report of the Church Committee | 2-3 |
| Statement of Church Committee Members Responsibilities | 4 |
| Independent Examiner’s Report | 5 |
| Receipts and Payments Account | 6 |
| Statement of Assets and Liabilities | 7 |
The Serbian Orthodox Churchof Holy Trinity, Bradford
Charity Information For the year ended 31[st] December 2021
Charity Number:
1061038
Governing Instrument:
Trust Deed dated 21[st] December 1993
Principal Officers:
Rev. Zarko D. Nedic Priest in Charge Jovan Prica Chairman Rada Mijailovic Treasurer Darko Todorovic Secretary
Trustees of the Property:
Aleksandar Popovic Dragan Mijailovic Aleksandar Miodrag
Trust Objectives:
a) To use Trust Property in accordance with the provision of the constitution of the Serbian Orthodox Church
b) To advance the education of the local congregation or other congregations of the Serbian Orthodox Church in England permanently residing in and being citizens of the United Kingdom
Principal Address:
98 Little Horton Lane Bradford West Yorkshire BD5 0JG
Independent Examiner:
Samantha J Sutcliffe FCCA
Torevell Dent Limited
Chartered Certified Accountants
Hope Park Trevor Foster Way Bradford BD5 8HH
1
The Serbian Orthodox Churchof Holy Trinity, Bradford
Report of the Church Committee For the year ended 31[st] December 2021
The Committee present their Report and Financial Statements for the year ended 31[st] December 2021.
Objectives, Organisation and Activities
The Serbian Orthodox Church of Holy Trinity, Bradford was constituted by a Trust Deed dated the 21[st] December 1993 and is a registered Charity numbered 1061038.
The Charity operates from its offices at 98 Little Horton Lane, Bradford, BD5 OJG.
The objectives of the Charity are:
-
a) To use Trust Property in accordance with the provisions of the constitution of the Serbian Church
-
b) To advance the education of the local congregation or other congregations of the Serbian Orthodox Church in England permanently residing in and being citizens of the United Kingdom.
Principal Officers
The principal officers who served during the year were:
Priest in Charge Rev. Zarko D. Nedic Chairman Jovan Prica Secretary Darko Todorovic Treasurer Rada Mijailovic
Agents and Advisers
The Independent Examiner is Samantha. J. Sutcliffe F.C.C.A of Torevell Dent Limited, Chartered Certified Accountants.
The bank accounts of the Trust are maintained at National Westminster Bank and the Skipton Building Society.
Review of Progress and Achievements
The church continued to hold services throughout the year at the Church premises at 98 Little Horton Lane, Bradford.
The Church operated in accordance with the provisions of the constitution of the Serbian Orthodox Church in all of its activities.
2
The Serbian Orthodox Church of Holy Trinity, Bradford
Report of the Church Committee (continued) For the year ended 31[st] December 2021
Review of Financial Activities and Affairs
Full details of the financial transactions are contained in the attached accounts. The total receipts for the year were £47,317 (2020: £40,298) and after deducting payments of £37,654 (2020: £40,481), the net income was £9,663 (2020: net expenditure £183).
Total reserves of the Church are £80,023 (2020: £70,360)
Signed on behalf of the committee
……………………..
Z.D. Nedic Priest in Charge
Date ………………..
3
The Serbian Orthodox Church of Holy Trinity, Bradford
Statement of Church Committee Members Responsibilities For the year ended 31[st] December 2021
The Church Committee acting as Charity Trustees are responsible for preparing the Trustees’ Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to Charities in England and Wales requires Charity Trustees to prepare Financial Statements for each financial year which give a trust and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these Financial Statements, the Charity Trustees are required to:
-
a) Select suitable accounting policies and then apply them consistently
-
b) Observe the methods and principles in the Charities SORP
-
c) Make judgements and estimates that are reasonable and prudent
-
d) State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the Financial Statements
-
e) Prepare the Financial Statements on the going concern basis unless it is inappropriate to assume that the Charity will continue in operation
The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the Financial Statements comply with the Charities Act 2011 and the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
4
Independent Examiner’s Report To the Church Committee of The Serbian Orthodox Church of Holy Trinity, Bradford.
For the year Ended 31[st] December 2021
I report to the trustees on my examination of the accounts of The Serbian Orthodox Church of Holy Trinity, Bradford for the year ended 31 December 2021.
Responsibilities and basis of report.
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records.
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 accounts to be reached
……………………………………… Samantha. J. Sutcliffe FCCA Torevell Dent Limited Chartered Certified Accountants Hope Park, Trevor Foster Way Bradford, BD5 8HH
Date ……………
5
The Serbian Orthodox Church of Holy Trinity, Bradford
Receipts and Payments Account for the year ended 31[st] December 2021
General Fund
| Y/e | 31.12.2021 | Y/e | 31.12.2020 | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Income and endowments from: | ||||
| Candles | 7,339 | 5,434 | ||
| Collections | 9,518 | 5,709 | ||
| Parish Dues | 5,355 | 5,640 | ||
| Donations | 13,902 | 6,742 | ||
| Donations at Sacrament | 1,190 | 850 | ||
| Printed Material | 719 | 273 | ||
| Bar Income | 971 | 2,568 | ||
| Other Income | 538 | 395 | ||
| Interest | 262 | 881 | ||
| Gift Aid Received | 6,579 | 11,054 | ||
| Newcastle Income | 944 | 752 | ||
| ------- | -------- | |||
| Total | 47,317 | 40,298 | ||
| Expenditure on: | ||||
| Priest’s Salary & National Insurance | 16,620 | 16,545 | ||
| Donations/Diocesan Contribution | 1,959 | 3,431 | ||
| Printing, Postage & Stationery | 218 | 61 | ||
| Telephone | 425 | 425 | ||
| Motor Expenses & Travelling Expenses | 86 |
940 | ||
| Insurance | 4,839 | 4,698 | ||
| Light & Heat | 5,486 | 5,098 | ||
| Council Tax | 1,440 | 1,914 | ||
| Bar Expenditure | 965 | 1,464 | ||
| Water | 1,207 | 1,042 | ||
| Repairs & Maintenance | 2,141 | 3,856 | ||
| Candles & Items for Church | 680 | - | ||
| Independent Examiner’s Fee | 450 | 450 | ||
| Sundry Expenses | 1,097 | 522 | ||
| Newcastle Expenses | 41 | 35 | ||
| ---------- | -------- | |||
| Total | 37,654 | 40,481 | ||
| --------- | ---------- | |||
| Net income/(expenditure) for the year | 9,663 | (183) | ||
| Total funds brought forward | 70,360 | 70,543 | ||
| -------- | --------- | |||
| Total funds carried forward | 80,023 | 70,360 | ||
| ===== | ===== |
6
The Serbian Orthodox Church of Holy Trinity, Bradford
Statement of Assets and Liabilities As at 31[st] December 2021
All Funds
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Current Assets | ||
| Bank Current & Deposit Accounts | 78,773 | 68,820 |
| Cash in Hand | 1,250 | 1,540 |
| --------- | --------- | |
| 80,023 | 70,360 | |
| ===== | ===== |
Fixed Assets
Held for functional use by the Charity:
-
1) Land and Buildings at 98 Little Horton Lane, Bradford
-
2) Furniture and Equipment at that address
The Financial Statements were approved by the Church Committee on the ………………...
---------------------Rev. Zarko D. Nedic - Priest in Charge ---------------------Jovan Prica - Chairman ---------------------Darko Todorovic - Secretary ---------------------Rada Mijailovic - Treasurer
7