## The Serbian Orthodox Parish of Oxford ## Accounts ## For the year ended 31. December 2024 ## **Trust details:** _**Registered Charitable Trust No. 296984**_ _**Trustees:**_ Mr Ljubinko Vujasevic Mr Zoran Jankovic Mr Nedjeljko Obradovic Mrs Suzana Sarac 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 2024. ## 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 Milkovc 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 2.Branko Babic 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 £36,742.16 and after deducting payments of £38,707.98 net deficit of 1,965.82 compared with net deficit of £6,627.78 in 2023. ## **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 Mrs Suzana Sarac Mr Nedjeljko Obradovic Mr Zoran Jankovic Mr Vojo Ilic Mr Zoran Miljus Mr Momcilo Balac ## **Receipts and Payments Account for the year ended 31[st] December 2024** **General funds** _**Income and endowments from: 2024 2023** Candles 2,442.50 1,586.68 Collections 13,464.00 13,492.08 Parish Dues 3,250.00 3,550.00 Donations 7,328.41 5,383.00 Donations at Sacrament 0.00 25 0.00 Printed Material 00 0.00 0.00 Certificates 1 00.00 0.00 Other Income 5,500.00 0.00 Gift Aid 4,657.25 5,042.25 Transfer from building fund 00.00 10, 000.00 Rent 0.00 00.00_ **Total 36,742.16 39,304.01** _**Expenditure on:**_ Priest's Salary & National Insurance 18,902.35 16,849.40 Donations 00.00 00.00 Printing, Postage & Stationery 131.90 00.00 Motor Expenses & Travelling Expenses 1,119.30 1,586.20 Church maintenance 3,154.68 5, 053.54 House maintenance 10,042.76 14,524.52 Office maintenance 561.99 1,923.13 Candles & Items for Church 00.00 00.00 Dioceses Contribution 0.00 Miscellaneous 4,795.00 2,180.00 **Total 38.707.98 45,931.79** Net income/(expenditure) for the year ( 1,965.82) (6,627.78) Total funds brought forward 55,213.54 71,037.79 Total funds carried forward **53,878.66 55,213.54** ## **Statement of Assets and Liabilities at 31"December 2024** **All Funds 2024 2023 Current Assets: £ £** Bank Deposit Accounts: Building fund 53,252.20 52.709.61 Deposit Account 626.46 2,503.93 Cash in Hand 00.00 00.00 **Total 53,878.66 55,213.54 Fixed Assets:** Held for functional use by the Charity: • Land and building at 500,000.00 480,000.00 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 2025. Rev. Vladimir Ponjarac, Priest in Charge Mitar Milkovic, Chairman Mr Momcilo Balac Mr Zoran Miljus Nedjeljko Obradovic, Treasurer Ljubinko Vujasevic, Trustee cpncKA llPABOCJIABHA EIIAPXHJA EPHTAHCKO.CKAIIHHABCKA ApxHlepela(O HaMecHHUITBO 3a Y1eAm￿¢Mo KptheBcfBO Pelly6AMKy Hwxy SERBLIN ORTHODOX DIOCESE OF GREAT BRITAIN AND SCANDINAVIA Eplscopal Deanery for UDlted Klngdom and Republlc of Ireland 31si May 2025. Prol. No. 112125. London Independent Examiner's rtport to the Chureh Commlttee Ydnd Trustees of The Serbian Orthodox Church of The Aseension of our Lord in Oxford I report on the accounls of the Trust from I st January 202410 31 si December 2024. Respective responsibS1itie$of Truslees and Examiner As Trustees you are responsible for the preparation of accounts. The Truslees consider that an audii is not required for ihese years under scclion 144(2) of the Charilics Aci 2011 {Ihe 2011 Acl) and that an independcnl examination is needed. Having satisfied myself thal ihe charity is not subject to audit under company law and is elibvible for independeni examination. il is my resp)nsibility to: examinc the a¢¢ounls under SCLli(In 145 ofihe 2011 Acl; follow the procedures laid down in ihe General Directions given by the Charity Commission under seclion 145(5){b) of ih¢ 2011 Acl; state whether particular matters have come to my attenlion. Basis of independent examlner's report My examination was carried out in accordan¢¢ wilh the General Direction gii'en by the Charity Commission. An examination include5 a review of ihe accounling records kcpi by the charity and a comparison of the aLcounls presenled with those records. It also includes consideration of any unusual items or disclosures in the account5 and Seeking explanation from you as Irustees conceding any such mallers. The procedures undertaken do not provide all the evidence that would ￿ required in an audil, and consequently no opinion is giv¢n as lo whether the accounts present a "true and fair view" and that report is limiied to th(Yse matters sel out in the stalement below. ApxHlepelcKK HaMecHNK 6pThHCKO.MPCKM npoTojepej-cratspo+op AparaH Jlaymh 89 12ncarter Road. ixsndon Wll IQQ tel.. +44 75 3086 1107 en￿11.. namesnlkuklrl 8maiLcorn CPIICKA IIPABOOIABHA EnAPXHIA 5PMTAHCKO.CKAAMHABCK4 ApxMjepelcKO Ma•iccHHDITBO 3a Y1eAH￿eHo KpaJbeBCTrO Peny6kn¥y HpcKy SERBWI ORTHODOX DIOCLSE OF GREAT BRITAIN AND SCANDINAVIA Eplscopal Deanery for Unlted KIDgdom attd Republlc OfI￿land Independent examlDer's Statement In connection with my examination. no matter has come lo my atlention: l. Which gives me Teasonable Cause to believe thal in any material respect the requirements. a. To keep accounling records in accordance with Section 130 of 2011 A¢1: b. To prepare accounls which accord with the accounting records and comply with the accounting requirements of th¢ 2011 Act have not been met. or 2. to which. in my opinion. attcnlion should be drawn in order to enable a proper understanding of the accounis to be reached. Episcopal Dean for Great Britain and Ireland The V. Rev. Dragan Lazic tVlToIH ApxMlepejcKM HaMecMMK 6pHTaHCKO.MPCIttI npoTojepej"craBpo*op JlparaH JIa3Mh 89 Iancaster Road. 14Jndon Wll IQQ tel= +44 75 3086 1107 email: namesnikularl@8maiLco