## The Serbian Orthodox Parish of Oxford ## Accounts ## For the year ended 31. December 2022 ## **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 Mr Momcilo Balac _**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 2022. ## 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 Momcilo Balac Member Bosko Besevic ## **Agents and Advisers:** ## **The Independent Examiner is:** Episcopal dean for United Kingdom and Republic of Ireland The V. Rev. Dragan Lazic 89 Lancaster Road, London W11 1QQ Tel. +447404885738 Email: o.draganlazic@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 3. 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 £34,737.56 and after deducting payments of £29,960.63 net income of 4,776.93 compared with net deficit of £2,881.24 in 2021. ## **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 situation 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 Mr Momcilo Balac ## **Receipts and Payments Account for the year ended 31[st] December 2022** **General funds** _**Income and endowments from: 2022 2021** Candles 1,578.00 2,497.00 Collections 12,015.50 9,334.00 Parish Dues 4,230.00 4,830.00 Donations 8,266.90 7,175.00 Donations at Sacrament 0.00 0.00 Printed Material 0.00 121.00 Certificates 140.00 200.00 Other Income 199.00 6,894.58 Gift Aid 8,308.16 6,306.87 Transfer from building fund 00.00 00.00 Rent 0.00 00.00_ **Total 34,737.56 32,583.80** _**Expenditure on:**_ Priest's Salary & National Insurance 15,131.01 15,977.67 Donations/Diocesan Contribution 2,515.00 0.00 Printing, Postage & Stationery 0.00 0.00 Motor Expenses & Travelling Expenses 2,775.62 1,342.37 Church maintenance 3,652.72 6,002.62 House maintenance 4,579.92 5,392.39 Office maintenance 96.00 520.39 Candles & Items for Church 00.00 98.56 Dioceses Contribution 2,515.00 2,935.00 Miscellaneous 1,210.36 7,443.79 **Total 29,960.63 39,712.69** Net income/(expenditure) for the year 4,776.93 (2,881.24) Total funds brought forward 66.260.86 69,142.10 Total funds carried forward **71,037.79 66,260.86** ## **Statement of Assets and Liabilities at 31"December 2022** **All Funds 2022 2021 Current Assets: £ £** Bank Deposit Accounts: Building fund 62,190.08 62.190.08 Deposit Account 8,847.71 4,070.78 Cash in Hand 00.00 00.00 **Total 71,037.79 66,260.86 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 13[st] Feb 2023. Rev. Vladimir Ponjarac, Priest in Charge Mitar Milkovic, Chairman Jelena Prhal, Secretary Nedjeljko Obradovic, Treasurer Ljubinko Vujasevic, Trustee cpncKA NPABOCIIABHA EnAPXHIA 5PHTAHCKO-CKAIIMHABCKA ApxHjepejcKO HaMecHHUITBO 3a Y1eAH￿eHo KpaJbeBmO M Peny6JJMKy HpcKy SERBIAN ORTHODOX DIOCESE OF GREAT BRITAIN AND SCANDINAVIA Episcopal Deanery for Unlted Kingdom and Republlc of Ireland I I th July 2023. Prot. No. 147123. London Independent Examiner's report to the Church Committee 2nd Trustees of The Serbian Orthodox Church of The Ascension of our Lord in Oxford I rewrt on the a¢counls of the Trusl from I st January 2022 10 .3 I sl December 2022. Respective responsibllitlesof Trustees and Examiner As Truslees you are rcswnsible for ihe preparation of accounts. The Truslees consid¢r Ihal an audit 15 not required for these years under seLlion 14412) of the Charitics Act 2011 (the 2011 Act) and ihal an independeni examiiialion is needed. Having salisficd myself ihal Ihe charity is not subject lo audil under compaiiy law and is Lligible for independeni examination. it is my responsibility lo.. ¢xaininL the accoun15 under sLctic)n 145 of the 201 l Acl. rollow the procedures laid down in the General Directions given by Ihe Charily Commission under section 145(5)(b) of the 201 l Acl- state whether particular matlers have Lome to my atlention. Ba51s of independent examiner's report My examination ￿'aS ca￿led out in accordance with ihe General Direction FjK'en by the Charity c.ommission. An examinalion includes a review of thL' accounling record5 kept by Ihe charity and a Lciinparis(iii of the accnuiits presented wilh those records. It also includes consideraiion of any unusual items or disc105ures in ihe accounts and seeking explanation from you as trustees conceding any such malters. The procedures und¢rlaken do not prc)K'idc all the eN'idenLe that would be required in an audil. and consequently no opinion is given as to whdher the accounls pres¢nt a "Irue and fair view" and that report is limited to those matters Sel oul in the statement below. ApxKjepejcKH HaMecHHK 6pHTaHCKO-HPCKM npoTojepej-crdBpo*op JlparaH Jta3Hh 89 Lancaster Road, London Wl I IQQ tel= +44 75 3086 1107 email- namesnikukirl@gmail.com CPllCKA npABOCIIABHA EllAPXHIA EPHTAHCKO.CKAllHHABCKA ApxHjepejcKo HaMecHHIUTXO 3a Y1eAH￿eHO KpaJbeBcrBo Peny6AHKy HpcKy SERBIAN ORTHODOX DIOCESE OF GREAT BRITAIN AND SCANDINAVIA Episcopal Deanery for United Kingdom and Republic of Ireland Independent examiner's statement In conneclion with my examination. no maller has come lo my altenlion.. l. Which gives me reasonable cause to believe ihat In any material respect the requirements. a. To keq) accounting records in accordance with sc¢tion 130 of 201 l Act; b. To prepare accounts which accord with the accounting records and comply with the accounting) requirements ofthe 2011 Act have not been mei; or 2. 10 which, in my opinion. attenlion should be drawn in order lo enable a prop¢r understanding of the aLcounls lo be r¢ached. Episcopal Dean for Greai Briiain and I￿land The V. Rev. Dragan Lazi¢ ApxMjepejcKM HaMecHHK 6pHTaHCKO-HPCKH IIPOTojepej-mBpo*op AparaH Jla3Hh 89 lancaster Road, t£Jndon Wl I IQQ tel= +44 75 3086 1107 email.. namesnikukirl@gmail.com