THE BISHOP NIKOLAJ FUND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 SFB GROUP LIMITED CHARTERED ACCOUNTANTS UNIT 8 OAK SPINNEY PARK RATBY LANE LEICESTER FOREST EAST LEICESTER LE3 3AW THE BISHOP NIKOLAJ FUND TRUS[ DETAILS Registered Gharilable Trust No. 220847 Trustees Mr M Dedic Mr N Babi Mr M Gasic Mr N Ka51C Date of Tnjsi Deeds 30 November 1962 Accounlants SFB Group Limited Unit 8 Oak Spinney Park Raiby Lane Leicester Forest East Leicester LE3 3AW Bankers Barclays Bank PIC 137 Ladbroke Grov8 London W11 1PR THE BISHOP NIK LAJ FUND BALANCE SHEET AS AT 31 MARCH 025 Note 2025 2024 Flxed assels Tangible fixed ssels 504,027 504.082 Current assets Dèbtors Olhei Debloys Cash al bank a 2,460 417,241 d in hand 490.573 490.573 419,701 Current liabilitles Social security Other Cret%ilor nd lax 160 1.716 1.984 Nel ¢urrenl ass91 488.697 417.717 Total assets less urrenl liabllltles 992,724 921,799 AceuMulal8d lun ccount Balan￿ at 1 April Add.. Ravenue 024 ncome during Ihe year 921,799 223,102 830,091 204.529 1.144,901 1152,1771 1,034,620 1112,8211 Less: Revenu expenditure during the year Balance at 31 Ma ch 2025 92.724 921.799 Approvgd on bè alf of thè Trustèes on .3 1 2025 Mr N Bablc- Tru tee Mr M Dedlc- Trugto0 THE BISHOP NIKOLAJ FUND INCOME AND EXPENDrruRE STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 Unreslricted Reslricled Funds Funds 202 2024 Income Rents received- Flats Hall Restaurant Roof Antenna Rent Bank interest Donalions re¢eived 152,550 29,685 13,500 24,655 2,512 200 152,550 29.S85 13,500 24,655 2,512 200 142,150 23,610 12,000 24,655 2,014 Total Income 223,102 223,102 204.529 Expendlture Rates and water Insurance Light and heal Stationery and pjslage Renewal and maintenance Caretaker Depreciation Accountancy Legal and professional lees Bank charges Sunory expenses 1,436 14,321 23,485 1,436 14,321 23,485 2,463 13,410 16,707 1,865 32.559 35,302 1.814 2,052 6,063 459 127 52,275 40,190 55 2,148 17,840 335 92 52.275 40,190 55 2.148 17,840 335 92 Total deductlons from Income 152.177 152.177 112.821 Surplus of incorne ovar expenditure 70,925 70.925 91,708 Independent examiner's remuneration durlng the year was £1,80012024: £1,715). THE BISHOP NIKOLAJ FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 l. Accounting policies Accountlng conventlon The Ilnanclal statements of the charity, which is a public benefit entily under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Fleporting by Charities.. Sialemenl ol Recommended Practice applicable lo charities prepaTing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic ol lielarKJ IFRS 102) (effective 1 January 20151,. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland, and the Charities Act 2011. The financial slatements 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 Siatement has been disclosed rather than a Staiemeni of Financlal Activities. Depreciation Depreciation has not been provided on freehold properties and improvements and rebUlk￿ng costs as the trustees continue to be ol the opinion that the residual value is greater than the amount shown in these accounts. Depreciation has been provided on all other tangible fixed assets so as to write off the cost over Ihelr expected useful economic lives. Fumishings. lillings and gqUiTxnent- 33.33Y. per annum on cost 2. Truslee8' Yemuneratlon During the year, arnounts of £NiS (2024.. £Nill ware paid to Ihe Iruslees. as remuneration. THE BISHOP NIKOLAJ FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 3. Tanglble fixed assets Furnishln Filtin Freehold Pro ert Tot81 Cost At 1 April 2024 Additions Disposals 504,027 128,753 632,780 At 31 March 2025 504,027 128,753 632.780 Depreciation At 1 April 2024 Charge lor Ihe year Eliminated on disposal 128,698 55 128.698 55 At 31 March 2025 12B,753 128,753 Net book value At 31 March 2025 504,027 504,027 At 31 March 2024 504,027 55 504,082 THE BISHOP NIKOLAJ FUND EXAMINER'S UNQUALIFIED REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent examinerfs report to the trustees of The Bishop Nikolaj Fund I report on the accounts of the Bishop Nikolaj Fund for the year ended 31 March 2025, which are set out on pages 2 to 3. Respective responsibilities of trustees and examlner The charity's trust88s are responsible for the preparation of the accounts. The charity's trustees onsider that an audit is not required for this year under section 144(2) of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 ofthe 2011 Act- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5}Ib) of the 2011 Act., and to state whether particular matters have come to my attention. Basls of Independent examIne￿S report My examination was carried out in accordance with the general Diredions 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 Con￿rning 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 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In Gonnèction with my examination, no matters have 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 130 of the 2011 Act., and to prepare accounts which accord with the accounting records and comply with the accounting requirèmènts of the 2011 Act., and 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Paul Carvell Chartered Accountant SFB Group Limited, Unit 8 Oak Spinney Park, Ratby Lane, Leicester Forest East, Leicestèr, LE3 3AW Date.. Sl 2025 THE BISHOP NIKOLAJ FUND Registered Charitable Trust No: 220847 REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Objeclives and activities Allowing Ihe Trvstees for the lime being of the Bishop Nikolaj Fund to apply Ihe property of the trust and its income:_ {1) To provide home or homes for old and infirm Serbian refugees who othemlse would be in distress, lill For the benefit ol the Serbian Orthodox Church of St Sava in exile in Great Brilain lo enable the Church to'.- Conduct general and charitable activities among the Serblan community of Great Britain by providing human iesources. buildings. facilities, advice and infonnalion. Achlevements and pertormance During the year the charity.. lal Throughout Ihe year the classrooms were made availabl8 free of charge ID the Church Sunday school run by the parish of London ol the Serbian Orthodox Church ot Si Sava London. Throughout the year the buildings were made avilable lo the Church and the Community where reli9ious and cultural celebrations were held on appropriate Saints and religious celebration days with participation ol Sunday school children. the Church hoir and folk groups. Throughout the year the buildinos were made available lor religious Classes and discussions lor adults, which were held on a regular weekly basis. Provided accommodation and assi5tancg lor the needy. Ib) Icl ((i) Flnanclal revlew The Trust has iaised funds Ihroughoul the year by renting Trust property and has used the funds lo meet the objectives ol ihe TTUSt and to make improvements to Trust propety- The balance ol the reserves, currently £992,724 is being held lo'.- {1) ensure that the Trust's objectives continue in Ihe future should the level of Incorne decline, (li? mainlaln and improve Trnst property. Reserves Pollcy It is the policy ol Ihe Trustees lo maintain a balance on unreslricled lund5 to.'- lil ensure that the Trusl's objectives continue in the future should the level of income decline, lill maintain and improve the Trust property to ensure optimal income. THE BISHOP NIKOLAJ FUND Registered Charitablo Trusl No: 220847 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Structure, Governance and Managernent The Bishop Nikolaj Fund was sol up as a trust in 1962 allef certain persons. the subscribgrs, gave sums DI money lor furtherance ol Ihe charitabla objecls specified in th8 Trtjsl Degd. The charity is governed by lis Trust Deed and is managed by Trustee$. The Trustee5 are mindful al all limes ol The Charity Commis$ion's guidance on public benelh. The Charity 8mploys lull lime caretaking and administraliv8 slall lo assist Tru5tee5 in the management of Trust propety. New Trustees are recruited and appointed by exlsling Trustees on the basis ol their personal knowledg¢ ol prospective Tru8lees. Any decision to appoint a new Trustee Ls unanimous. Reference & AdmlnSstratlve Dgtalls Charity Name- Reglstratlon Ch8rlty Number.. Charity's Prlnclpal addre3S: Tho Bishop Nikolaj Fund 220847 89 Lancasler Road. London W11 1 QQ Statement of dl$¢losure of Infomiallon to Independent examlners We. the Trustees ol Ihe Trust who held ollicg at th9 dato of approval ol the FSnanclal Sialements, aach confirm so lar as we are awar?. that.. there is no relevant information ol which th8 Trust's independent examiners ale unaware; and lill we have taken all 51eps Ihat ￿ ought lo havè lakgn as Trustees in Ofder to makè ourselves aware of any rglgvanl inlormalion and lo gstablish that the Trusl's indepgndgnl examiners ar8 aware ol that information. Ves15ng of the Trust's properly All the properly of Ihe Trust is vesled in tha Trusloes lor Ihe lim9 bglng. Truslees Mr Nlkola 8abic Mr Milan Dedic Mr Marko Gasi Mr Nicholas Kasic This rèport was approved by the Trusle95 on "3 1 2025 Mi N Bablc - Trugtee Mr M Dedle - Trustee