THE BISHOP NIKOLAJ FUND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 SFB GROUP LIMITED CHARTERED ACCOUNTANTS UNIT 8 OAK SPINNEY PARK RATBY LANE LEICESTER FOREST EAST LEICESTER LE3 3AW THE BISHOP NIKOLAJ FUND TRUST DETAILS Registered Chatitable TTUSt No. 220847 Trustees Mr M Dedic Mr N Babic Mr M Gasic Mr Nicholas Kasic Date of Trust Deeds 30 November 1962 Accountants SFB Group Limited Unit 8 Oak Spinney Park Ratby Lane Leicester Forest East Leicester LE3 3AW Bankers Bardays Bank PIC 137 Ladbroke Grove London W111PR THE BISHOP NI OLAJ FUND BALANCE SHEÈT AS AT 31 MAR4H 2024 2024 2023 Fixed assets Tangible fixe assets 504.082 505.896 Cuirent a5set3 Oeblors Other Debtor Cash al bank 2.460 417.241 1,883 324,199 and in hand 419,701 326,082 Cuirent liabililios Social secufilk and lax Other Creditors 1,984 1.887 Net current ass 417.717 324.195 Total assets le5$ current liabilities 921.799 830.091 Accumulated fu account Balance al 1 Apri Add.. Revenu 2023 830.091 204.529 846.430 167.140 Income during the year 1,034,820 1112,8211 1.013,570 1183.479) Less.. Reven ei expenditure during the year Balance at 31 M wch 2024 921,799 830,091 Approved on be If of the Trustees on 2 2024 Mi N Babic-Tr stee Mr M Dedic- Trustee THE BISHOP NIKOLAJ FUND INCOME AND EXPENDITURE STATElItETrir FOR THE YEAR ENDED 31 MARCH 2024 Unreslricted Restricted Funds Funds 2024 2023 Income Rents received- Flats Hall Restaurant Roof Antenna Rent Bank interest Donations iecelved 142,150 23,610 12.000 24,655 2,014 100 142.150 23.610 12,000 24,655 2.014 100 124,780 17,240 24.655 365 100 Total income 204,529 204,529 167,140 Expendilure Rates and water Insurance Light and heat Stationery and postage Renewal and maintenance Caretaker Depreciation Accountancy Legal and professional fees Bank charges Sundry expenses 2,463 13,410 16,707 1,865 32,559 35,302 1,814 2,052 6.063 459 127 2,463 13.410 16,707 1.865 32.559 35,302 1,814 2.052 6,063 459 127 2,363 12.587 18,262 100,788 33,181 1,814 1.530 12.519 435 Total deductions from incomo 112,821 112.821 183.479 Surplus of incorne over expendilure 91.708 91.708 116.339) Independent 8xaminer's remvneration during the year was £1.715 {2023- £1,620). THE BISHOP NIKOLAJ FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1. Accounting policies Accounting convention The financial statements of the charity, which is 8 public benefit entity under FRS 102, have been prepared in accordance wilh the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo chamlies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) leffective 1 January 20151,. Financial Reporting Standard 102 'The Financi81 Reporting Standard appficable in the UK and Republic of Ireland. and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The accounts have been prepared on a receipts and payments basis, and therefore an Income and Expenditure Statement has been disclosed rather than a Slatement of Financial Activities. Depreciation Depreciation has not been provided on freehold properties and improvements and rebuilding costs as the trustees continue lo be of the opinion Ihal the residual value is greater than the amount shown these accounts. Depreciation has been provided on all other tangible fixed assets so as to write off the cost over their expected useful economic lives. Furnishings. fittings and equipment_ 33.330/0 per annum on cost 2. Trustg8s' rgmungration During the year, amounts of £Nil {2023= £Nil} were paid lo the trustees, as remuneration. THE BISHOP NIKOLAJ FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 3. Tangible Ilxed assets Furnishln Fittin ui Freehold Pro Total Cost At 1 April 2023 Additions Disposats 504,027 128.753 632,780 At 31 March 2024 504,027 128,753 632.780 Dopreciation At 1 April 2023 Charge for the year Eliminated on disposal 126,884 1,814 126,884 1,814 Al 31 March 2024 128,698 128,698 Nèt book valua Al 31 March 2024 504.027 55 504.082 At 31 March 2023 504,027 1,869 505,896 THE BISHOP NIKOLAJ FUND EXAMINER'S UNQUALIFIED REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent examIne￿S report to the trustees of The Bishop Nikolaj Fund report on the accounts of the Bishop Nikolaj Fund for the year ended 31 March 2024, whlch are set out on pages 2 to 3. Respective responsibilities of truslees and examlner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not requirgd for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independenl exarninalion is needed. It is my reswnsibility to.. examine the accounts under section 145 of the 2011 AGL. to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515)Ibl of the 2011 Act.. and to state whether particular matters have come to my attention. Basis of Independent examiner's report My examination was carried out in accordance with Ihe general Directions given by the Charity Commission. An examination includes a review of the accounting reGords kept by the charity and a comparison of the accounts presenled with those records. It also includes consideration of any unusual items or disdosures in the account5 and seeking explanations from you as trustees conceming any such matters. The procedures 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 'true and fair view. and the report is limited to those matters set out in the statement below. Independent examiner's gtatement In connection with my examination, no matters have come lo 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 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act,. and 2. to which, in my opinion, attention should be drawn in order to gnable a proper understanding of th8 accounts to be reached. Paul Carvell Chartered Certified Accountant SFB Group Limited. Unit 8 Oak Spinney Park, Ratby Lan8. Leicester Forest East. Leicester. LE3 3AW Date.. THE BISHOP NIKOLAJ FUND Registered Charitable Trust No: 220847 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Objectives and activities ATrowing the Tnjstees for the time being of the Bishop Nikolaj Fund lo apply the property of the trust and its income:. li) To provide home or homes for old and infimi Serbian refugees who otherwise would be in distress, {iil For the benefit of the Serbian Orthodox Church of St Sava in exile in Great Britain to enable Ihe Church to=_ Conduct general and charitable activities among the Serbian community of Great Britain by providing human resources, buildings, facilities, advice and information. Achievements and perfomiance During the year the charity- (al Throughout the year the classrooms were made available free of charge to the Church Sunday school run by the parish of London of Ihe Serblan Orthodox Church of St Sava London. Throughout the year the buildings were made avali able to the Church and the Communlty where religious and cultural celebrations were held on appropriate Saints and religious celebration days with participation of Sunday school children, the Church choir and folk groups. Throughout the year the buildings were made available for roligious dasses and discussions for adults, which were held on a regular weekly basis. Provided accommodallon and assistance for the needy. Ib) Ic) {dl Financial review The Trust has raised funds throughout the year by renting Trust property and has used the funds to meet the objectives of the Trust and to make improvements to Trust propety. The balance of the reserves. currently £921,799 is being held lo... (i) ensure that the Trust's objectives continue in the future should the level of income decline. {ii) maintain and improve Trust property. Rgsorves Pollcy It is the policy of the Trustees lo malntain a balance on unrestricted funds to'.- lil ensure that the Trust's objaclives conllnue in Ihe future should the level of income decline, lil) maintain and improve the Trust propety to ensure optimal income. THE BISHOP NI OLAJ FUND Registered Charitable Trust No: 220847 REPORT OF TH FOR THE YEAR TRUSTEES ENDED 31 MARCH 2024 Structure, Gove nance and Management The Bish, p Nikolaj Fund was sel up as a trust in 1962 after certaiii persons. the subscribers, gave SLI iof money lor furtherance ol the charitable objects specified in the Trust Deed. The char is governed by its Trust Dead and is maiiaged by Trustees. The Trustees are mindful a all limes of The Charity Commission's guidance on public benefit. The Cha ily employs full linie caretaking and administr81ive staff lo assist Tru51pes in Ihg tnanagemenl of Trust property. New Tru aes are recruited and appointed by existing Trustees on the basis of their personal knowledg '.of prospective TTuslees. Any decision lo appoint a new Trustee is unanimous. Rgferènce & Ad 'inistrative Detalls Charity Name: Registra 9n Charity Number.. Charity's Principal address: The Bishop Nikolaj Fund 220847 89 Lancaster Road. London W11 1QQ Statement of diic105ure of information to independent examiners We. 11)e T slees of the TrLisI who held office 31 the dale of approval of the Financial Statement each confirm so lar as we are aware, Ilial.. ther and lill we hpve taken all slep5 that we ought lo have taken as Trustees in ordèr to make ours&lv.es aware ol any relevar)t infomation and to eslèjbllsh that the Trust's indppendenl exam ers are aware of that information. is no relevant information of which the Trusl's independent examiners are L?nawaFe". Vesting of the T USt's property All the propPOy of the Trust is vested in the Trustees for Ihe lime being. Trusteès Nikola Babic Milan Dedic Marko Gasic Nichola5 Kasic This roport was Mr N Bablc- Tru teo Mr M Dodic-Trustee