Reglstered Company No. 695728 England and Wales Charity No. 234682 ASSOCIATION OF SERBIAN C RAVNE GORE IN GREAT BRITAIN LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS 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
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED coNTErS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Pa Company Information Report of the Directors, and Trustees. Report of the Independent Auditors Slalement of Financial Activilies lor the year ended 31 March 2025 Balance Sheet as at 31 March 2025 10 Notes lo the Financial Statements for the year ended 31 March 2025
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Directors and Trustees.. M Ustic S Ustic D Sirovica N Novak A Krickic N Dubaic D Buac- Resigned 1010512025 N Vranjes S Budimir V Ilic- Resigned 0710912024 M Ristic G Stojsavljevic- Appointed 0710912024 D Susa- Appointed 0710912024 Secretary: A Kiickic Registered Oflice.. 29 Holland Park Avenue London W11 3RW Registered Company Number- 695728 Charity Number: 234682 Senior Statutory Audilor- Paul Carvell Audilors.. SFB Group Limited Chartered Accountants Unil 8 Oak Spiriney Park Ratby Lane Leicester Forest East Leicester LE3 3AW
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED REPORT OF THE DIRECTORS, AND TRUSTEES. FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also directors of the Charity for the purposes of the Companies Act, submit their annual report and the audited financial statements lor Ihe year 8nded 31 March 2025. The trustees have adopted the provisions of the Stalemenls of Recommended Practice ISORPI "Accounting and Reporting by Charities" issued in 2005 in preparing the annual report and financial statements of the charity. The charity is a charitable company limited by guarantee and was established on 16 Junè 1961. Objectives and activities The financial assistance of all persons of the Serbian Race in Great Britain who are in need and who are disabled or ill as the result of war, or aged. or orphaned, or sick, or families of Serbian Chetniks who gave their lives during World War11 in the Serbian Chetnik Movement and are in neèd ol such help. The Serbian Orthodox Church and any Charitable Serbian Institution for the furtherance of Serbian customs. culture. and language. lili) The establishment and maintenance of accommodation for persons of the Serbian Race who are ol limiled m8ans and who are seeking reluge in Great Britain. Struclurej governance, and management The charity is governed by its Memorandum and Articles of Association. The truslees are mindful at all times of The Charity Commission's guidance on public benefit. Directors & Trustees The following directors and trustees have held off ice from 1 April 2024 to Ihe date ol this report: M Ustic S Ustic D Sirovica N Novak A Krickic N Dubaic N Vranj8S S Budimir D Novak M Ristic Other changes in directors holding office are as lollows- V Ili¢- Resigned 0710912024 D Buac- Resigned 1010512025 G Stojsavljevic- Appointed 0710912024 D Susa- Appointed 0710912024
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED REPORT OF THE DIRECTORS. AND TRUSTEES. FOR THE YEAR ENDED 31 MARCH 2025 Statement of directors. and trustees. responsibilities The directors and trustees are responsible lor preparing the Dirèctors, and Trustees, Report and Ihe financial statements in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Praclicel. Company law requires the trustees to prepare financial statements lor each financial period. which give a Irue and lair view ol the slate ol affairs of the charity and ofthe incoming resources and application of resources, including the income and expenditure, of the charity for the period. In preparing these financial statements, the directors and trustees are required lo.. select suitable accounting policies and then apply them consislently. observe the methods and principles in the Charities SORP,. make judgements and estimates Ihat are reasonable and prudent., stale whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial stalemenls., prepare the financial slatements on the going concern basis unless it is inappropriale to presume that the charity will continue in operation. The directors and trustees are responsible lor keeping PToper accounting records that disclose wilh reasonable accuracy al any liffle the financial position of the charity and enable them to ensure Ihat the financial statements comply with the Companies Act 2006. They are also responsible lor safeguarding the assets of the charity and hence for taking reasonable steps lor the prevention and detection ol fraud and other irregularities. Financial review, achievements, and performance The draft accounts for the year ending 31 sl March 2025 are enclosed with this report. They have been audited by the accountants and approved. If you have any queries relating to them then please contact the Association Treasurer by email afnt scr or wiite to 29 Holland Park Avenue, London W113RW. In the pasl twelve months, the charity has managed to maintain sufficienl reserves lo see through the year with year on year improvemenl. The Association's voluntary income has increased by approximately £8400 when compared to the previous period, April 2023 to March 2024. This is primarily due to the sale of Badgeslcoins and the holding ol the Srpski Dan event. The London Club has rnade rent payments in lieu of the Lease agreement being agreed, which is ongoing. The Leicester Club continued its renlal payments in line with the newly agreed schedule, with all loan payments also up to date. With the allocation ol funds after J&NN departed Dinara, we are able lo report an incomeof £7.100 from the Birmingham Club. Unfortunately, there were no further rent payments received.
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED REPORT OF THE DIRECTORS, AND TRUSTEES, FOR THE YEAR ENDED 31 MARCH 2025 Finanoial review, achievernents, and perforrnan¢e continued Our overall expenses have increased by around £21,000 from the previous year. Our charitable expenses have increased by around £14,341 due lo the return of our events {Srpski Dan) and the creation of our Badges and Commemorative Coins. Our costs at Dinara have also increased as currently there is no lenanl in place. All other expenditure is being tightly controlled to minimise the risk lo the Association. The financial situation is always a concern due to the sectors that the Clubs operate in. However, our cubs conlinue lo operate and generate an income. The situation al Ihe Birmingham Club remains a concern. Notwithstanding that, the current prospects remain positive. Charltable oblects We have pursued our charitable objects in the following ways this year: We have continued to contribute to the production ol th8 International Lisl Srbija newspaper. We have again provided parcels of food and drink to our veterans to lift their spirits and show them that they are remembered by the Association. We donated £4,000 lo our folklore group Avala towards thelr costs, enabling them to partlcipate in an international folklore lestival in Vienna. We helped promote a number of hislorical books relating to th&etniks in the second wodd war in Yugoslavia. We have purchased 40 copies of 'The Knights of the Karadjordje Star,, by Dejan Djeric and Zoran Nedeljkovi. We hosted the following key Associalion èvents in 2024-25.. Djurdjevdan, Srpski Dan, Drazin Dan, Karadjordjevdan and Dan Dinarskecetnicke Divizije. Dusan Buat and Nenad Vranjes helped lo run Smolra. the largest Serbian folklore event in the UK and at which all of our Pokrel groups performed. We have continued working on an exhibition of roller banners lo record our history and to use them lor educalional purposes. Our Cetnik Clubs have been available for member's personal events such as lunerals and also lor community events run by the Association and by local Serbian Orthodox parishes. These include an annual Easter party in Leicester lor local children. The Leicester Dom provides a venue, free of charge, for the local lolklor8 group, Tromedja, lo practise and hosts weekly classes for the Serbian School attended by around 15 children. The Ravna Gora provides accommodation lo those frorn Serbia who are receiving medical treatment in the UK and are in need of assistance. Accommodation has also been provided at discounted rates to Ihe many visitors from the Serbian Orthodox Church. The annual wlnter aid payment was paid In December 2024 to our retired and eldedy members and to our widows.
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED REPORT OF THE DIRECTORS. AND TRUSTEES, FOR THE YEAR ENDED 31 MARCH 2025 Statement as to disclosure of Informatlon to the Audltors We, the directors, and trustees of the company who held office at the date of approval of these Financial Slalements, as sel out abov&, 8ach conlirffl so far a5 we are aware. that: there is no relevant information ol which the company's audilors, are unaware,. and we have taken all the steps that we ought to have takon as directors and trustees in order to make ourselves aware of any relevant information and lo establish that the company's audilors are aware of that information. Audllors SFB Group Limited were re-appointed auditors lo the company and in accordance with section 487, of the Companies Act 2006, a resolution proposing ihat ihey be re-appointed will be pul at a General Meeting. This report has been prepared in accordance with the special provisions ol Part 15 of the Companies Act 2006 relating to small companies. 30th November 2025 This report was approved by the Board on . D Sirovic Trus A Krickic Secretary M Usti Treasurer
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED REPORT OF THE INDEPENDENT AUDITOR'S TO THE TRUSTEES AND DIRECTORS OF ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED Opinlon We have audited the financial statements of Association of Serbian Chetniks Ravne Gore in Great Britain Limited for the year ended 31 March 2025 on pages nine to fourteen. The financial reporting frarnework that has been applied in their preparation is applicable law and United Kingdom Accounting standards (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entilies), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland.. In our opinion the financial statements.. give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended- have been properly prepared in accordance with United Kingdom Generally Apted Accounting Practice FRS 102 as applicable to Smaller Entities., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis of opinion We conducted our audit in accordance with International Standards on Auditing {UKI IISAS {UKI) and applicable law. Our responsibilities under those slandards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufFi¢ient and appropriate to provide a basis for our opinion. Conclusions relating to going Concern In auditing the financial statements, we have concluded that the directors, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identrfied any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to Gontinue as a going conrn for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the dir6Ctors with respect to going concem are described in the relevant sections of this report. Other inforniation The directors are responsible for the other information. The other information comprises the infomation in the Report of the Directors and Trustees. but does not include the financial statements and our Report ofthe Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the ather information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othemise appears to be materially misstated.
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED REPORT OF THE INDEPENDENT AUDITOR'S TO THE TRUSTEES AND DIRECTORS OF ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED 11 we identify such material inconsistencies or apparenl material misstatements, we are required to determine whether this gives rise to a material misslatement in the financial statements themselves. I, based on the work we have performed, we conclude that there is a material misstatement ol this other information, we are required to report Ihat fact. We have nothing lo report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audil.. the information given in the Report of the Directors and trustees lor the financial year lor which the financial statements are prepared is consistent with the financial slatemenls. and the Report of the Directors and Trustees has been prepared in accordance wilh applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of the knowledge and understanding of the company and its environment obtained in the course ol the audlt, we have not identified material misstatements in the Report ol the Diroclors and Truste8s. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report lo you if, in our opinion- adequate accounting records have not been kept, or raturns adequate for our audit have not been received ITOM branches not visited by us., or Ihe financial statements are not in agreement with the accounting records and returns- or we have not received all the information and explanalions we require lor our audit- or the directors and Irustees were not entitled to prepare linancial stalemen15 in accordance wilh Ihe small companies r8gime and take advantages of the small companies, exemption from the requiremenl to prepare a Strategic Report or in preparing the Report ot the Directors and Trustees. Responsibilities of directors explained more lully in the Statement ol Directors. Responsibilities set out on page Iwo, Ihe directors are responsible for the preparation ol the financial statements and for being satisfied that Ihey give a true and fair view, and for such inlernal control as the directors determine necessary to enable the preparation of financial slatemenls that ar8 free from material misstatement, whether due to fraud or error. In preparing ihe financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis ol accounting unless the director5 either intend lo liquidate the company or to cease operations, or have no realistic alternative bul lo do so. Audltors, responsibilities for Ihe audlt of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free Irom rnaterial misstatement. whelherdue lo Iraud or error. and to issue a Report ol the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, bLAI is not a guarantee that an audit conducted in accordance wilh ISAS {UKI will always detect a material misslalement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to inllL¢ence Ihe economic decisions ol users taken on Ihe basis of these financial slalements.
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED REPORT OF THE INDEPENDENT AUDrfoR'S TO THE TRUSTEES AND DIRECTORS OF ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED The extent lo which our procedures are capable of detecting irregularities, including Iraud is delail6d below.. enquiry of management around actual and potential litigation and claims,. enquiry of management lo idenlily any instances ol non-compliance with laws and regulations; reviewing minutes ol meelings ol Ihose charged with governance., reviewing financial statement disclosures and lesling lo supporting documentation to assess compliance with applicable laws and regulations. performing audil work over the risk of management override of controls, including lesting ol journal entries and other adjustments lor appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting 8slimates lor bias. Because ol the inherent limitations of an audit, there is a risk Ihat we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with r8gulalion. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves inientional concealment, forgery, collusion, omission or misrepresentation. A further description ol our responsibilities for the audit of the financial stalemenls is located on the Financial Reporting Council's websile at www.frc.org.uklauditorsresponsibilities. This description forms part ot our Report of the Auditors. Use ot our report This report is rllade solely lo the company's members, as a body, in accordance with Chapter 3 01 Part 16 01 the Companies Act 2006. Our audit work has been undertaken so that we might stale lo the company's members those matters we are required to state lo them in a Report of the Auditors and lor no other purpose. To the lullest extenl permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a ix)dy, for our audit work, lor Ihis report, or for the opinions we have formed. Paul Carvell BFP FCA {Senior Statutory Auditor) for and on behalf of- SFB GROUP LIMITED Chartered Accountants Unit 8 Oak Spinney Park Ratby Lane Leicester Foresl Easl Leicester LE3 3AW 2nd December 2025 Date..
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED STATEl4lENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Year lo Year to 31.03.2025 31.03.2024 Incomlng resources Voluntary income Calendars Newspaper donations Subscriptions Miscellaneous Cultural association events 30 4,018 1,882 4,777 6,985 30 3,096 1,515 3,775 17,672 9,302 Incomlng resources from rent and donations frorn clubs Serbian Chetniks Ravne Gore In Great Britain Club Limited Serbian Chetniks {Leicesler} Club J&NN Properties Limited 45,000 24,000 7,100 24,000 28,400 76,100 52.400 Other income Interest r8ceived 255 Total incoming resources 93,772 61,957 Resources expended Charitable actlvltles 52,672 38.331 Governance costs 3,849 3,130 Other resources expended 35,268 29,030 Total resources expended 91,789 70.491 Net incomellexpenditurel lor the year 1,983 18,5341 Funds brought IoTward 934,540 943,074 Funds carried forward 13 936,523 934,540
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED 10 BALANCE SHEET AS AT 31 MARCH 2025 Note 31.03.2 31.03.2 24 Fixed assels Tangible assets Investment propety 136,795 485,859 136,795 485.859 Current assels Cash at bank and in hand 142,928 136,092 Debtors 49.221 48,970 Creditors: amounts falling due wlthin one year 10 18,0191 {7,780) Net current assels 184,130 177,282 Total assets less current liabllltles 806,784 799,936 Outstsnding club balances Leicester London 9.739 120,000 14,604 120,000 129,739 134,604 936.523 934.540 Financed by.. - General reserves VMD reserve fund Loss ol Light Res8rve Kolo Sestara Txfr 872.943 12.555 50,000 1,025 921 .985 12,555 Aceumulated reserves 13 936,523 934,540 The directors and trustees acknowledge their responsibilities for ensuring that the cornpany keeps accounting records which comply with section 386 of the Act and tor preparing financial statements which give a true and lair view ol the stale ol affairs ol the company as at the end of the financial period and of ils profit or loss for the financial period in accordance with the requirements of sections 394 and 395 and which otheNise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable lo the company. These financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small companies, reg me within Part 15 01 the Companies Act 2006 and wilh the Financial Reporting Standard 102, a applica le to small companies. Approved by the Board for issue on , M Uslic Treasurer and Director Company Registration No. 695728 301h November 2025
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED 11 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Constilution Th8 Association of Serbian Chetniks Ravne Gor8 in Gieat Britain Limiled is a registered charity whose purpose is set out in the objectives and activities seclion ol the Directors, and Trustees, Report on page 2 to these linancial statements. Accounling policies lal Accountlng conventlon and basls of preparatlon The financial statements have been prepared under the historical cost convention, with the exceptior) of investments which are included at market value. The financial statements have been preparad in accordan¢e with the Charities SORP IFRS 1021 "Accounting and Reporting by Charities": Statement of Recommended Practice {SORPI applicable to charities preparing their accounls in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland, Financial Reporting Standard 102 'The Financial Reporting Standards applicable in the UK and Republic of Ireland" and the Charities Act 2011. The financial statements have been prepared under the historScal cost ¢onvention. Ibl Company status The company is limited by guarantee. The members have a lim¢ted guarante8 of 25p in the event of the company being wound up. Ic} Fund aceounling General funds are unrestricted funds which are available lor use at Ihe discretion of the trustees in furtheran of thè general objectives of the charity and which have not been designated for other purposes. {dl Incoming resources All incoming resources are included in the Slalement ol Financial Activities ISOFAI when the charity is legafiy entitled to Ihe income and the amount can be quanlitied with reasonable accuracy. For legacies, entitlerllent is the earlier of the charity being notified ol an impending distribLrtion or the legacy being received. Gifts in kind donated for dislribution are included at valualion and recognised as income when they are distribuled to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at Ihe value to the charity where this can be quanlilied, and a third party is b8aring the cost. No amounts are included in the financial statements for services donated by volunte8rs. {el Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all Costs related to the calegory. Where costs cannot be directly attributed to particular headings, they have en allocated to activltles on a basis consistent with use of the resources. 10 Tangible fixed assets and depreciation Freehold property is not deprecialed as market values are considered lo exceed cosl. The directors and trustees consider that the departure from the general requirement ol the Companies Act 2006 for all tangible assets lo be depreciated, is necessary lo give a true and fair view.
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED 12 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (g) Investment Property Investment property is shown at most r8cenl valuation. Any aggregate surplus or deficit arising from changes in lair value is recognised in profil or loss. Income The company's income comprises subscriptions, rent and covenanted income from ciubs. Taxation Analysis ol the tax charge- No liability lo UK Corporation Tax arose on ordinary activities for the year ended 31 March 2025. Charitable activities Year to Year to 31.03.2025 31.03.2024 Humanitarian donations Cultural section Church donations & s8rvices AGM Gosts Membership Costs 18,584 28,595 605 4,525 363 18,866 13.801 490 4,836 338 £ 52.672 £ 38.331 Governance cosls Year lo Year to 1.03.2025 31.03.2024 Audil and accountancy £ 3,849 £3,130 Auditor's remuneration payable in 2025 was £3.543 {2024'. £3,336) Other resources expended Year to Year lo 31.03.2025 UL2024 Running costs Leicesler club London club Birmingham club Legal and professional Miscellaneous Office stationery Prinling Travel expènses Wreaths 54 9,900 22,529 7,918 1,995 537 795 937 503 7,682 5,533 520 622 1,247 3,006 520 £ 35,268 £ 29.030
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED 13 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Fixed assets- Tangible assets Freehold Cosl At 01 April 2024 £ 136,795 Net Book Value Al 31 March 2025 £ 136,795 Fixed assels Investmenl Property Investment Pro Cost At 01 April 2024 £ 485.839 Net Book Value At 31 March 2025 £ 485,839 Investment property is disclosed at fair value each year and is currently still based on the valuation on IV May 2020 by Walton & Hipkiss in accordance with the RICS valuation Global Standards 2017. Debtors: Amounts talling due within one year Year to 31.03.202 Year to Debtors conlrol account Serbian Chelniks (Leicesterl Club Oth8r Debtors 33,658 5,248 3,747 25,933 5,248 7.285 £ 42,653 £ 38,466 Amounls falllng due after more than one year: selan Chetniks (Leiceslerl Club £ 6,568 £ 10,504 Aggregato amounts £ 49.221 £ 48,970 10 Creditors: Amounts falllng due wlthln one year Year lo Year to 3.2024 Trade creditors Other creditors Accrued charges 2,849 1,025 4.145 4,444 3,336 £8,019 £ 7,780
ASSOCIATION OF SERBIAN CHETNIKS RAVNE GORE IN GREAT BRITAIN LIMITED 14 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11 Trustee and director expenses The Iruslees and directors are not paid for their services although are relmbursed for Iravel and other expenses. 12 Related Party Transactions The charity has incoming resources via rent and donations in respect of the following entilies.. Year lo Year to 1.03.2025 31.03.2024 Serbian Chelniks (Leicester) Club Serbian Chetniks Ravne Gore In Great Brilian Club Limited 24,000 45,000 24,000 13 Accumulated Reserves Profit and Loss Account Funds at 1 April 2024 Nel income for the year Transfer to other reseNes 921,985 1,983 151,025) General reserves 872,943 VMD rèserves Loss ol Light ReseNe Kolo Sestara Txfr 12,555 50,000 1,025 Funds al 31 March 2025 936,523 14 Limited by Guarantee The company is limited by guarantee. The members have a limited guarantee of 25p in the event of the company being wound up.