## The Serbian Orthodox Parish of Oxford ## Accounts ## For the year ended 31. December 2020 ## **Trust details:** _**Registered Charitable Trust No. 296984**_ _**Trustees:**_ Mr Ljubinko Vujasevic Mr Andrija Stojsavljevic Mr Nedjeljko Obradovic Mr Branimir Jankovic Mr Vojo Ilic Mr Zoran Miljus _**Date of Trust Deeds:**_ 04/06/1987 _**Accountants:**_ _SFB Group Head Office, Manor Court Chambers, Townsend Drive, Nuneaton, Warwickshire, CV11 6RU_ _**Bankers:**_ LLOYDS TSB 24 Broad St, READING RG1 2BT ## **Report of the Church Committee** The Committee present their Report and Financial Statements for the year ended 31"December 2020. ## Objectives, Organisation and Activities: The Serbian Orthodox Parish of Oxford was constituted by a Trust Deed dated the 04[th] of June 1987 and is a registered Charity numbered **296984** . The Charity operates from its offices at 25 Junction Road, Oxford, OX4 2NT. ## **The objectives of the Charity are:** - To use Trust Property in accordance with the provisions of the constitution of the charity. - The propagation and advancement of the Serbian Orthodox Religious and other religious purposes ancillary thereto and provision of facilities for religious worship and maintenance of a Priest. ## **Organisational Structure** The Trustees meet regularly to discuss and plan objectives and their implementation. The Trustees are appointed for life. New Trustees are elected by Trustees. Trustees are not paid for their work. ## **Principal Officers:** The principal officers who served during the year were: Priest in Charge Rev. Vladimir Ponjarac Chairman Mitar Milkovic Secretary Jelena Prhal Treasurer Nedjeljko Obradovic Member Nikola Bibic Member Bosko Besevic ## **Agents and Advisers:** ## **The Independent Examiner is:** Episcopal dean for United Kingdom and Republic of Ireland Archipriest-stavrophore Goran Spasic 89 Lancaster Road, London W11 1QQ Tel. +447404885738 Email: spaicgoran@gmail.com ## **Chartered Certified Accountants.** The bank accounts of the Trust are maintained at Lloyds TSB Bank. ## **Review of Progress and Achievements** The Church continued to hold regular services every Sunday and on special saints’ day, where these fall on Saturdays and weekdays, throughout the year in Oxford, Reading and High Wycombe. As well as our regular service, we are enabling our community to celebrate and thank God at the milestones of journey through life. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God’s blessing and through funeral services friends and family express their grief and commend the person into God’s keeping. The Church operated in accordance with the provisions of the constitution of the Serbian Orthodox Church in all its activities. ## **Charity Funds:** The funds of the Charity are administered by the Committee to meet the objectives of the Charity. The Committee consider that the overall financial position of the Charity is satisfactory and that the Charity can meet its obligations. Benefactors and parishioners are continued to donate funds to the Charity. ## **Risk Assessment:** The Committee have considered the risks to which the Charity may be exposed, and systems are in place to mitigate those risks. ## **Name of trustees holding title to property belonging to the Charity:** Property (house) at 25 Junction Road, Oxford, OX4 2NT _**: 1.**_ Mr Ljubinko Vujasevic 2. Mr Stevo Ilic 3.Branko Babic 4. Mr Vojo Ilic ## **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 £32,583.80 and after deducting payments of £36,075.76 net deficit of 3,491.96 compared with net income of £1,663.83 in 2019. ## **Statement of Church Committee Members Responsibilities** 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 ## Trustees: Mr Ljubinko Vujasevic Mr Andrija Stojsavljevic Mr Nedjeljko Obradovic Mr Branimir Jankovic Mr Vojo Ilic Mr Zoran Miljus ## **Receipts and Payments Account for the year ended 31[st] December 2020** **General funds** _**Income and endowments from: 2020 2019** Candles 3,073.00 3,501.00 Collections 4,905.00 7,365.00 Parish Dues 4,765.00 4,535.00 Donations 14,028.00 4,815.00 Donations at Sacrament 150.00 0.00 Printed Material 149.00 189.00 Certificates 100.00 290.00 Other Income 156.00 377.00 Transfer from building fund 00.00 7,000.00 Rent 5,257.80 9,272.80_ **Total 32,583.80 37,344.80** _**Expenditure on:**_ Priest's Salary & National Insurance 8,109.84 9,600.00 Donations/Diocesan Contribution 00.00 0.00 Printing, Postage & Stationery 0.00 206.28 Motor Expenses & Travelling Expenses 1,581.57 1,824.69 Church maintenance 3,535.08 3,518.64 House maintenance 10,944.09 17,456.49 Office maintenance 423.99 0.00 Candles & Items for Church 2,724.99 0.00 Dioceses Contribution 3,565.00 1,957.87 Miscellaneous 4,608.00 1,117.00 **Total 36,075.76 35,680.97** Net income/(expenditure) for the year (3,491.96) 1,663.83 Total funds brought forward 65,641.85 71,773.00 Total funds carried forward **65,641.85 65,641.85** ## **Statement of Assets and Liabilities at 31"December 2020** **All Funds 2020 2019 Current Assets: £ £** Bank Deposit Accounts: Building fund 55,326.62 55,308.58 Deposit Account 6,841.31 10,333.27 Cash in Hand 00.00 00.00 **Total 62,167.93 65,641.85 Fixed Assets:** Held for functional use by the Charity: • Land and building at 450,000.00 450,000.00 25 Junction Road, Oxford, OX4 2NT 2) Furniture and Equipment at that address 10,000.00 10, 000.00 The Financial Statements were approved by the Church Committee on 01[st] Feb 2021. Rev. Vladimir Ponjarac, Priest in Charge Mitar Milkovic, Chairman Jelena Prhal, Secretary Nedjeljko Obradovic, Treasurer Ljubinko Vujasevic, Trustee CPllCKA npABocllABHA EllAPXMIA EPHTAHCKO-CKAHIIMHABCKA HamecHm￿TBO 3a YjeAHftbeHO Kp&￿￿BrfBO M Peny6AHKy HpcKy Episcopal dean for UDlted Kingdom 3nd Republic of Ireland Archpriest-stavrophore Goran Spaic 89 Lancaster Road. London Wl I IQQ Tel. +44 7404 885 738 email.. spaicgor2n@gmail.com SERBIAN ORTHODOXDIOCESE OF GREAT BRITAIN ANDSCANDINAVIA Deanery for United Kingdom and Republi¢ of Ireland N. Number 26th October 2021 London r+/24 Independent Examiner's report to the Church Commfittee and Trustees of The Serbian Orthodox Church of The Ascension of our Lord in Oxford I report on the accounts of the Trust from 1st January 2020 to 31st December 2020. Respective responsibilities of Trustees and Examlner As Trustees you are responsible for the preparation of accounts. The Trustees consider that an audit is not required for these years under section 144(2) of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. examine the accounts under section 145 ofthe 2011 Act; follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)[b) of the 2011 Act,. state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the General Direction 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 explanation from you as trustees conceding 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 that report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: l. Which gives me reasonable cause to believe that in any materi31 respect the requirements- a. To keep accounting records in accordance Wkth section 130 of 2011 Act,. b. To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met., or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding ofthe accounts to be reached. Episcopal Dean for Great Britain and R. Ireland The Very Rev'd Goran Spaic