SERBIAN oimioDOX CHURCH OF ST SAVA LONDON Accoupirs FOR ThE YEAR ENDED 31 DECEMBER 2023 SFB GROUP LIMrrED CHARTERED AccouKfAfrtrs UNIT 8 OAK SPINHEY PARK RATBY LANE LEICESTER FOAEST EAsr LEICESTER LE3 3AW
SERBIAN ORTHODOX CHURCH OF ST SAVA LONDON TRUST DEfAILS Regislered Charitable Tntsl No. 249616 Trustees Mrmwt Mr N Babic MT M Gask Mr N Ka51¢ Dale ol TnEt Deeds 4 January 1948 Accwntants SFB GroLP timited Chartered Actounlants Unit 8 Oak Spnrw Park Aatby Lane Leicesier Forest E8 Lester LE3 3AW Bankers Barclays Bank PIC Nolting Hill Branch P.0. Box 3750 NW10 6AQ
SERBIAN ORTHODOX CIWRCH OF ST SAVA LONDON BALANCE SHEEr AS AT 31 DECEIIBER 2 nrp51rLled Fund Flxed Assets Tanb assels 1.273.729 1,273.729 Current •$sety Bank balarr 246,784 2.067,905 2,314.689 Debiors 823 Current Ilabllltles Cr8Otors 11.0461 11,0461 Net current assets 246,$61 2.067.905 2,314,466 Total assets less current1SabllStks 1.520.290 2.067.905 3.588.195 Aeeumulaled lund aecount &anCe ai 1 January 2023 1.512.979 1.725,934 3.238,913 Net surpbjslldeliatl lor the year 2S.S68 323.714 349282 Balhncc at 31 De¢ember 2023 1.S38.S47 2.049.64B 3.568.195 Approved on bohalt ol the Trustees on ? 4r2024 #nd wgrn lgned by: Mr N Babl¢- Trustee Mr M Dodlc-Trustee
SERBIAN ORTH0[x CHURCH OF ST SAVA LONIK BALANCE SHEEr AS AT 31 DECEMBER 2022 UnreslrKled Furn Flxed assels TaTwJii4e assets 1274.779 1274.779 Current assets Bank balance 223.971 1.744,191 1.968.162 Debiors Current Ilabllllles Cl110 13.7911 (1,060} {4.851) Net CUTreni asseis ¥21.003 1.743.131 1.9fA.134 Total assets less cvrrent Ilabllllles 1.495.782 1.743,131 3.Z38.913 Aceumulaled lund accounl Balance at l January 2022 1.642.460 1.734,533 3,376,WJ Nel surplusl{de11I} lor Ihe year (129.4811 {85991 1138.080) Balance al 31 December 2022 1,512,979 1.725.934 3.238.913
SERBIAN ORTHOI)OX CHURCH OF sr SAVA LOIIDON INCOME AND EXPENDITURE sfATEUEpir FOR THE YEAR ENDED 31 DECEMBER 2023 Unreslricted Res Fur*Js iicled Fur>Js 2022 Income: Donations Cash colleclK)ns 26.333 4.964 31.297 47.634 47.634 20.818 20.818 83.237 B3.ZJ7 17.509 17.9)9 421 421 2.214 28.4LXI 12,700 2.700 23.5 49.427 19.535 69,959 18.906 360 Carn11¢ wKome PlIcatiOn iOrne Sundry income Bank interest Renlat Sale of grave Sacraments Certilicales Fffids receNe& Vdfvo lJekslc . (>ozovic FuThl 553 28.400 10,2C(I 3.420 179 12.7LYI 2.700 185 23S.617 235.617 77.ZJO 77.230 Totsl Income 228,898 331.064 559.962 224.459 Expendlture: Wages arKJ employers NIC Pensions Candle wrchases Church Materials Telephone aThJ inlernel Postage and Sla1nery Insurance Repwrs. renewals and maintenance Rent. rates and ulililies Diocesan qLKXa Travelling HospitllY costs Miscellaneous Legal and prolesSbal laes Secuiity Veljko Aleksic costs Sl Sava Heritage luThJ costs Depfecialion - Planl and machinery Donations lo- Seminary Sremski Kark)vci . Sunday Sehcol Lukic family 76.406 76.406 73.945 1,631 241 23.706 1.030 4.436 19,417 165.483 16.973 11,380 17.568 5,431 4.537 1,533 7,567 2.011 6.103 20.453 14.290 28,260 13,1cK) 14.262 10,803 6.080 7,567 2.011 6,103 20.453 4.706 1.578 26.682 13.100 14,262 10,803 6.080 5,429 865 285 450 174 105 105 1,050 1.050 1.166 300 Total expendlturn 203.330 7.350 210.680 362.539 Nèt Surplusl(deficll) 25,568 323,714 349282 (138,(W) Au(filoT'S remweralion Ihe year was £2.880 (2022: £1.860).
SERBIAN ORThODOX CHURCH OF ST SAVA LONDON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 21Y23 l. Ac¢ountlng pollcles Accounilng convenllon The finarKial state1rts of Ihe dwlty. Is a le benef¢1 enlity urxler FRS 102. have been prepared in a¢cor(lance wilh the Charlls SORP {FRS 1021 'Accouniing arKI ReFthiTrJ by Charilies.. Slalement ol Ae¢ommerthd Pr&lKe 8pWicable to charities preparing their aOUnts in ac¢ordance with Ihe Fwla] Rewrtirvd Slar¥Jaid in Ihe UK aThJ Reputrjic ol IrelaThJ (FAS 102} lellectNe 1 January 20151.. Finawal ReFK)rting SiaTKlard 102 The Financial Rewrtirw Slandard arrficable in Ihe UK and FlepUbl ol Ireland. and Ihe Charities Acl 2011. The financial slalements have been prepared urKler the hisloiical Cost cor)venlioD. The accounts have been prepared a recryts afKI PalentS basi5. a1 Iherelore an Irtome and ExpeThJilure Slatemenl has been disclosed rather Ihan a Stalem8nl ol Financial Activili8S. Depreclailon Deprecialion has nol been provKJed on freek1 properties arwj Improvements and retrIkng cosls as the Iruslees ccx)linue io be ol the ot¥nion Ihal the resNJual value grealer Ihan Ihe amount shown in Ihese aco)mls. Computer equipmerrt Planl and fnachinery . 33.33% per annum on cost . re(kKirKJ balarte Fund accountlng Unrestricted fur Can be used in accofdaTKe the charilable obieelives al Ihe dbSCrion ol the trustees. Restricted luTrds can only be Ltsed lor partvIaT Testricled pwposes wiihin the o14ects ol the charity. Restrictions arise when specrfttl by the ¢*)mr or when lurth are raised lor particular reslricled purpos8S. Amounts received in respect of the Veljko Aeksic Estate have been recelved on trusl lo the Church lor the benefil ol people frc¥n Kosovo. 2. Truslees, remunerflon During the year amounts ol £ Nil12022: £ Nil) were paid to the Irustee5' as remun8ratM)n.
SERBIAN ORTHODOX CHURCH OF sr SAVA LONDON NOTES TO ThE ACCOUNTS FOR THE YEAH ENDED 31 DECEMBER 2¢Y23 3. Tanolble flx•d as80ts Plani and Freehold Machlne Al 1 January 20fJ Addilior 1.290.Y20 4.693 21.943 1.264.284 Ai 31 t)e¢ember 2023 I.>.920 4.693 21.943 1.264.284 Dèpreclatlon Al 1 January 2023 Charge lor Ihe year 16.141 1.050 4,693 11.448 1.050 At 31 December 20t3 17.191 4,693 12,498 Nel book value At 31 December 20ZJ 12f3,729 9.445 1.264.284 Al 31 DecemiEr 2022 1.274.779 10.495 1.264.284
SERBIAN ORTHODOX CHURCH OF ST SAVA LONDON INDEPENDENT AUDrroR'S REPORT FOR THE YEAR ENDEO 31 DECEMBER Oplnlon We have alled the finandal statements ol Sert)San Orttwknx Ctrwrch ol Si Sava Lothn for the period eTrded 31 December 20rJ which are set out on pages 2 10 6. Tho financial repotbng framework thal has been aFpl*d In Iheir eparat is applicatAe law Ihe Finawal Reporting Stalard 102 (Uniled Generally Accepled Accthintlng aFWicable to Smaller Entilies). In our opmnion ihe ffftanc4al slatwnents: give a true and laif view of the stale ol ihe charitable company's attlS as al the year erKI arKI ol its incomiThJ resoufces arKI l¢alL0ft of resources. irKluding its inccrfno arKJ experythture. lor the year ihen erKJed; have been properly >xepared in accordanc£ th United Klrykn Generamy Awled Accounting Pracliee applicthe kn Smaller Entilies". arwj have been prepared told wilh the reqLYements ol Ihe C(Mnpanies Acl %JO6. Basls tor oplnlon We conducted our audil in accordare wlh Intemational StaThJards on ASiting (UK) IISAS (UK)) a applicable law. Our resEM)rwknlilies urKler Itrmxe starxlar(ts are further described in Ihe AjIE.S iesponsibililies lor ihe al1 ol the financial statements seclK)n ol ow reFK)rt. We are indeperKlenl ol the charitable company in aeeordance wlh the ethical requirements that are relevanl Io OUT aL>Jil of the financial Slatemenls in Ihe UK. irtludirvj the FRC'S Elhul Standard. and we have luifilled our other ethicai responsibilities in accordance wilh these requirements. We believe thal Ihe a111 evidence we have obtained is suffKienl a1 akyopiiale lo a basis lor ¢)ur opinb)n. Concluslons relatlng io golng concern In auditing the financial slalemenls, we have ¢ondLthJ Ihal the Irustees. use ol the goirwJ basis ol accounting in the preparation of the financial slalements is aFwpriale. Based on Ihe Yrk we have perfomed, we have nol Klenlbfied any material uncertainlies felaling to events or conditions that. individua]ly or collecltvety. may casl signifTrnl (loubl on the Charilable companvs ability lo conlinue as a going concern lor a perirNJ ol at least twelve mrmlhs Irom when the linancial slatemenls are aulhorised lor issue. Our responsibililies and the resFonsibililies ol the trustees respect lo concem are des¢ribe(l in Ihe relevant sections ol Ihis rewrt.
SERBIAN ORTHODOX CHURCH OF ST SAVA LONDON INDEPENDEKf AUDITOR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Other InloTm•tlon The oiher inlormalion L¥)mFrn the inlornialM)n wthd&d in the trle¢S annual report. olh6Y than lh8 finarKial slatemen15 arny our ali1'S report Ihereon. The truslee5 are reswnsible lor the oiher inlomalion conlwned wihin Ihe annual report. OUT opXn on the financial slalements does rK)I cover lh8 olhor in10natIOn arnl. except lo the exlenl olheNAse explicilly 51al&J in our reFThL we O) nol ewess any ol assuTarce concluslon thereon. r resFxJnsibility is lo read oiher inlormalK)n a1, in w, ¢SIder whether the olher inlomialion is materially inconsistent wilh Ihe linarKial sialements or our knDwlethJe obtained in Ihe Lx)urse ol Ihe a111 or oihewse appears lo be maleriafty misslaled.lf we hjentity SLth malerial ineonsisteftcies or apparenl malw[ misstalefflents. we are iequifed lo determine wheiher Ihis gives rise lo a malerial misslalement in the firw)cial slalemenls themselves. 11, based on the Yffjrk we h¥4e perlormed, we cfjnctLKJe Ihal there is a materwi m15s1alenI ol Ihis olhef lOrMatIon. we are required lo rewrt thai ta. We have nothing lo report in this regard. Oplnlon on other matter presctlbed by the Companles Act 2(#)6 In our opinion the information given in the Trusiees. Annual Fleport lor the fInWl lor whkh the linancial slatemenls are wepared i5 tonsislenl wlh Ibe linanciai stalents. Matters on whlch we are requlred to report by exceptl¢)n We have nothing to report in respect ol the matters where the C(Mnpanies Acl 2006 requires us lo report lo you il. ID ¢xJr opinion: adeqvale accounting records have been kept, or adwale lor our awfjl not been received Irom branches not visited by us" or the financial slalements are Th)1 In agreement with the accounlirvJ recorts arKS relums.. rtain disdosures ol Iruslees. remuneralion speufied by law are nol made: or we have nol recetved all the inlormalion a1 explanaik)ns we require lor a11. or Ihc trustees were nol entitled lo prepare Ihe finarwl stslements in with the small companies. iegime and take a(fvanlage ol Ihe small CpanIes. exemplion in preparing Ihe Truslees, Annual Report lake advantage of th8 small cx)mpanies' exemption from the requiremenl lo prepare a slralegi¢ rew1.
SERBIAN ORTHODOX CHURCH OF ST SAVA LONDON INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 OECEMBER 2023 Responslbllllles ol Iwslees The Irwqlees are al Ihe threctoryJ ol Iho chwitable company for the wrFoses ol panY law) are Teswnsible the preparahon ol Ihe linandd slalemenls lor ittng satisfied that they give a true arKI lair view. a1 lor such Inlemal Contr as the trustees deiermine i8 necessary lo enable Ihe preparalion DI financial slalemenls thal aro free from material misslatemenl, whelhtr due lo fra1 or error. In weparing the finartial slalemenls. Ihe trltslees are resFMMlble lor assesslng Ihe charilablo company's ability lo continue as a goiro corKem. discbslng, as aWKable. mallefs related lo going concem and using Ihe going cOnrn basis ol accounting unless the truslees either InteTh Io IKiuKlale the chariiJe company or to cease operair. LY have realist altemalive Lxrt lo do so. Audltor's responslbllltles lor the audll of fina1•1 slatements Our 0.ectiveS are lo oblabn reasonaiqe assura atKwt y•1her Ihe fmwKial slalemenls as a whole are Iree from maleTial misstatemenl. vthelher due lo fraud or errc¥. aThJ to issue an alrt08 rewrt Ihat includes our opinion. Reasonable assurare is a huh levei ol assurance. Ixrt is r)1 a guaranlee Ihat an audil conducied in accorfjarte with ISAS IUKI will always detect a malwiat misstatemenl when it exists. Misslalemenis can arise Iroffl fraj or error arKI are con51Jered il. individually or in the aggregate. they couSJ reasonably be extEded lo inllutrtt the ecorM decisions ol users taken on Ihe basis ol these financla) stalements. Irregularities. IndJing fraJ. are InstsreS of n(-complI8nce wllh laws and regulalK)ns. We despJn procedures in line with our iesFonsbi ilities. oullin&J atM)ve, lo detecl material nMSslalemts in respect ol irregularities. inelLKling Iraud. The exlent lo whKh our cureS are caPae ol deledx irregularities. including ITaud is delailed bebw- Obtained an UnderstaThry of Ihe natwe ol the wxknstry arKI se. the legal arMJ regulatory frameVrk ihal the charitabte compary operales in aNI PM)w the charitthe company is complying wilh Ihe legal a1 regulal(ry Iramvh Enquiry ol management lo wjenfify any inslances ol rKTrcCffllar with laws aThl reguLqtP3ns: Reviewing financial slalemenl disdosures a1 testsr¥J to Aything documenlali to assess compliarKe wilh appli¢the laws arKI regulalM?ns: Pertorming audit woth over the risk ol management overrKle ol conlioL8, irtlLh)Sng lesling ol journal entries and oiher adjuslments lor apwwialeness, evaluatir¥J buslness ralw)nale ol signilicanl Iransacuons outside Ihe nomial cgurse ol buslness and roviewing accounting eslimales lor btas. Because ol the inheronl limilalions ol an a11. Ihgre rs a flsk that we wlll nol delecl all irregularilies. including Ihose leading 10 a mai¢flal misslalemenl bn Ihe financial slalomenls or non-compliance wilh regulation. This risk increases Ihe more Ihal compliance a law or regulalTron is removed Irom the evenls and transactions rellecled in the financial stslemènls. as we wlll be less likety to become aware ol InstaeS ol rth-c0mpliar. The risk Is also groaler regarthng irregularities Cvr[ln9 due lo fraud ralher than error. as fra involves intentional concedmenl. lorgery. llUsIon. omtsslon or misrepresenta1.
SERBIAN ORTKIDOX CHURCH OF ST SAVA LONDON INDEPENDENT AUDOR's REPORT FOR THE YEAR ENDED 31 OECEMBER 2023 A lurther desuiplK>n ol our reswnsit4111ies Is avallable on Ihe FSnan¢ial ReFQrting CoLmal's websi18 ai= hll s:lIv.1rc.0r klo T.WOrkjAIVAVdl -and. raoIs1a rds.arKI. idan ISlaThJards- Liid47nce-I r.alItOrSlAuth1ors-I ion-ol.a ors.r udil.as This desewK)n lonS part of our athjilor's f¢FAyL Use of our report This repKIrt is made soleTy lo the charrtable cryny's member5. as a t¥Jfy, in actdarte ryth Chapter 3 01 Part 16 01 Ihe CIMnpanies Acl 2CQ6. Our aLyJI work has been undertaken so thal we mighi slale lo Ihe charitable cmipany's ITbe tIKise matters we are required lo state lo them in an auditor's rewrt and lor no other purp)se. To Ihe lullesl extenl pemilled by law. we cb Tr)t awepl assume respjnsitxlity lo anyone other than the charilatAe company the charitable (lPar.$ members as a lor our a1 t)rl( lor this retKJrt. or lor the opiTh(ms we have INmed. Paul Carvell BFP FCA (Senior Slalulory Atar) For and on behalf ol SFB Group Limited Chartered Accounlanls Sialulory Auditor Unil 8 Oak Spinney Pk Ralby Lane Leicester Forest East Leicester LE3 3AW Dale.. c>9 10
SERBIAN ORTHODOX CHURCH OF ST SAVA LONOON REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 20rJ Oblecllves and acllvllles The obie¢lNes ol Ihe Twsl are lo hokj the prcfety In connection wilh tho seIan Orthodox Church ol Si Sava allowing its Qingregalion COU1[ lor the Ilme being lo enioy boneliclal occupailon ol Ihe Trusl's property lo enable it lo:. i. Promote Serbian Orlhrmjox Christian rellglon. lourKled by Ils Ilrsl archL4sPop Sl Sava In 1219. according to the holy ScrllUreS tradiliLm. ii. Teach Sethan language arnl hi%ry and promote Serbian lIre and arts lor baller understanding ol the selan OrthcJox ChFislian feligion and its riles. Relieve pjverty. sictsr. and stsfferir¥J by acceptirKJ lilelime gTlls bewests on trusl lor spKilic tharilakle Purpose lo be applied in swh manner and purp)se in geographic area wished by the benelaclor. Promote the educalion ol people ol all ages to develop ther spiiilual capacFty. To ensure that the Church buikthrKJS. vicarages oiher FyOperi ol the Tntsl are maintained in good order. Maintain graveyards lor deceased lolbwers of Ihe lth. The Trustees are mindful al all bmes ol The Charity Cofflmtsston's guidaru on publ benelit. In particular, we lry to enable orthnary peopbe lo live oul their faith as part of piSh LY>mmunty through: Worship and prayer Provision ol pastoral care lor peo INry in Ihe parish or elsewhere. E(kallOn ol Ihe young Achlevemenis and perfonnance Worshlp & Prayer Regular seNices ol the Holy Liturgy were hekd every Salurday ar•J Sunday aThJ on 5Cial Holy days, where these fell on weekdays. SOCes have also been held in the lorm ol ve5wrs on Thursdays and Salurdays and on the eve ol Holy days arKJ malins were hetrj on every ordinary wèekday. TP Holy Liturgy seThi¢e was also hekl every WednesW duriThJ Lart WKI Comm)rath sBrvkes to mark specilic occasions were hekd as apprqxiale. In addilion lo services al St Sava Church. services are also held on Ihe last Saturday ol each month al Sl Georges Church, Enliekl. lo enable attgndance al Communion ol Ihe eklety larlhlul who firKI It dillicull lo travel lo allerKJ seNes held al Sl Sava Church in LorKlon due lo th¢ir age and fraty. All are welmne to atteTrJ our rewlar services. Al wesenl there are 432 parish)ners on the Church Electoral Roll. As well as our regar sorvices, we enable our community to Cglobrale ar¥J thank God al Ihe milestones ol the journey 1hroh lilg. Through baptism we Ihank God lor the gift ol life. In marriage public vows are excharwJed with Gcé's blessing Ihrouoh funeral sorvi¢es friènds aThJ lamity express their griel and eommerKI the person into God's keepirvJ. We have celebraled 36 baplisrns and 3 wedding arKI hekl 26 lunera15 in our church durirwJ Ihe year.
SERBIAN ORThODOX CHURCH OF ST SAVA LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 223 Dlocesan Counell Two members ol Ihe COregaIon COW11 sit the DI(eSan COW1. This pr(NKJes the Congregalion Coundl with an imFrfXtanl link between the pwish atK the ¥Ader strle ol Church. The Church & the Communlty Cenlye During Ihe year the lollowiry aththbonal aclMlie5 were caThied oul arxyor hgkl at Ihe Churth arKJ the Community Cenlre: _ la) Fleligious classes and fr$s)nS lor adums were hekl on a regular weekly basis Ihroughout Ihe year. SurKlay school was hekl a regar basis vrilh ab(xJl 100 children attenthry from within London and the Home Counlies. Religious ard culiural telebralions were on approwlale saints. days wryth the participation of Sunday school children. Ihe Churth choir. a1 lolk groups. Ibl Ic) On 2V January. Si Sava's Acadany vrds hekl al Ihe Communhy Centre On 1V Fetrfuary. the atbjl ol monastery Hilendar. Father Melh¢xlius. visi1 the parish and conducted lilLKgy al St Sava Churth. On 31YI March, bishop Dosilei held a me8tirKJ with the wlesls and chaimwi of Ihe Congiegalion Co11$ from partshes within Greal Briiain Irdar•J. On * Aprl. trfshop t)osilej ordained Ihe Deacan Zp4ko KovaThM into wiesthood. On tr June. the sisters. guld (lebrated Its 60th jubitee. On I4 OcicA)er. a fur.ratsry event vras hekj lor Ihe rerKwation of the church Borovo. easter Croatia. From 8 10 13th October a group, led by Father Dragan. wont on plwmage lo Mounl Aihos arxl nN)naslery HIlelar. On 4th November. members ol the Cuyegalion CnCil hekj meeliw wilh parishioners. On 18 November. Falher tkagan héld a wasartatkM aboul the pllgrirnage tt) tho monasiery Hilgndar. Occaslonally Ihe lelkiwship ol-si Ayplus the Stylite" ol the St. Sava's Church held lalks about the Orthcthx Faith. 12
SERBIAN ORTHODOX CHURCH OF ST SAVA LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECUIBER 2W Pa$lornl Carn During tho ythqr Ihe prlests 01 th8 Pwish:. 11 W11ed all crCh membefs lo ble5S tlT Iwynes (rIng Lent. 2) Visiled all Ihe thurchyaftls wllhln Lorthn arKI Ihe Home Countles bloss the grave5 01 departed parishN)ners. 3} Wisiled all chufch memiwrs ol ow Parlsh unable lo allerKI church because ol SknesS ¢X inlirTnity lo celebrale Communion wilh Ihem ellher at their homes or in howtal. 4) Visiled. wthenever pM)ssit4e, Church membws at thr homes lo b18 Ihe aftnu leasl (Slaval ol thelr patron saint. 5) Visited Ladies Guihjs a1 olher ganoI1[ uwn invltathjn. lo bless least ol IhLwr palron sainL Ecumenlc81 Relatlonshlps At the local level we are members of the Anglican arwj Easlem Clxwches AsSla11. Members ol the Assoeialion atteThJ serylces al si Sava's a ol limes a year. The Chufth is a memtr ol the ASsochan ol Anglw and EaStn Churches arKI maintains regular ¢onlacts vthh oiher membws. This Associan crfgantses presenIal5. a1 common services. 13
SERBIAN ORTHODOX CHURCH OF ST SAVA LONI)ON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2tr23 Flnanclal re¥leT Total receipts for unrestrted were £228,898 dw¥i9 20Z3, WKTease of 10% (m Iho ryevKx year's sum 01 £208.432. The parhla1 sub$1p11onS were £20.818 lor 2023, vthkh were sllghuy higher ¢M the FY6vwM year 01 £19.535. During 2023 donal1S were £26.333; Ihls Was up by 46% on the pro41) year 0 £18.088. However. recerpls Irom cash Collec were £47,634. vthkh were slightly (bwn on the wevious year ol £49.427. Income Irom Ihe sales ol caNlles was £83.737 dwiTrJ 20Z3: this was up by 1W on the wewus year 01 £69.959. The lolal income during church seNices was £198.416 w) on the ryevious year by £18.900. The Trust has also raised luTrJ5 Ihroughout Ihe year Ihrough renting Ihe ¢ryFrf space, Wthh is needed lor Church aciivilies. This FVOVKles £28,400 atIOnal annual inffime. whi¢h (15 intended i 11} go towards maintenance ol Ihe thur¢h aTrJ othef buiiolngs. The cosl of provJing Christian ministry Irom St Sava WKI St Ge(wg8 {EnrkIl was £T6,406 plus Ihe £11.100 subgcriplion to the thocese towards the UF4(eep of the Ian mona51ery. thi¢h 15 in line wilh Ihe prevIS year. Annual hospitality cosls were £10.803. whith Is a $igniftanl In(xease on th8 w)US year. Poslage arKI Sialionery were £6.103, an inuea8e of 3 on the wevkws year. The cosl of insurance S £20.453. was Ihe premiLTh ltr 2024. whkh Increased by £1.2W2 on the current year paKI lor in 2022. Travel costs were £14,262. a decrease of £3,306 on the F*•iOUS year of £17.568. The Repair & Renovation cos15 were £14.290. Ythich is a Iraclion ol Ihe costs d the wev¥)us year ol £160.899 most of il spenl on relurbishmenl of the Mih)je Nikolic hall. Full delails ol inc4Nne and expe11Ure are wovkJ8d In Ihe Flnancial Slalemert. sh¢yw3 increase in reserves by £25,568 Irorn the wevious ye¥. 9Xd1Ing the resmed lunds on Tntsl for dislribulion. R8serves Pollcy 11 is the policy of the Trusl88s lo mainlaln a balance on unrestrlcted funts lo:. IF) ensure ihe Tntst's objedives continu& In the lthure should the level DI Incixne dgcline. (li) maintain aTrJ improve the Church ol St Sava and olher Tntsl wopety. 14
SERBIAN ORTHODOX CHURCH OF sr SAVA LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 223 Slructuwe, Govemants and Mryeine The Serbian Orthcmjox Church ol St Sava LoThkn tru TKJS established by ifaced petsons after the V World War. On thssoluiw in 1948 of the gJvemment.in-exle of ihe Kingdom ol YLwslavia. a Twsl was sel up ol lehol [ffoty * 12 Egerton Gardens Kertsinglon. leh had been gifted lo Ihe govemmenl during Ihe war ty Peter 11. Subsequenuy. Lnelaclors and pwishM)nérs conlinued lo donale lur*ts to Ihe Church. The charitable irusl is govemed by its Tntsi Deed a1 is managed by Tntstees. The ¢harity employs Iwo lull lime wiesls and a Church Warden are assisted Sn th? runnlro ol tho Church by the Church Congregatn Cwncal arKI olhet volunleers. IAY members on the Congregation we nalIty elecled by pari8hioners, whilsl n8w Trustees are iecruiled and app)inled by the exislir#J Truslees on the basEs ol Ihelr personal kne(Je of Ihe prospeclNe Tfttslees. Ary dean lo app)inl a Tntsleels unanlmous. 15
SFRniAN oiiYiioDnx r.HVRCiI nr ST SAVA L0141X)PI REPflnT nF' THf. TF411IT£rs FOVI TIII YF An ENni-D JI l)l.-Cf Mlll R:021 A(Iniini%llfitive Dpliiils li.iiilv N.Imi' Avciif¥ir.Ilivti Chotilv Nilml¥ Ch.ITllv'% Piincip.I1 i¢ldiv%3. -ql.Iiptllilll1 of rfis¢l(bsuiv ot inlorrnnlion io indopondtni audi15 I riJ$ioos li ,'A liiri nprtir. ?TNO Ci47.Ile. .-lJolas K¥lS Ilamr ol triJ%ioes holdino lille Iv property bekjnoinq lo the cliarity ,.wI[el1rf l)iortr I lih-iikn f-..i%ir. P.2LJI g Gk'.JL. W% IIQ 1517 Hiixk.y C..17(l¢Thiir npw.irNi(l Milijii KI)lIf. Tl)p Fiovtyoi Cif•OlaV f1$VI. .Iil(l Llt Iv.Ipl Ili.Ilifbl Cc) 2D". J Clioiwm.In ol ilie Coiioipualiun Council