SAINT THEOSEVIA TRUST
TRUSTEES’ REPORT
The Trustees have pleasure in presenting their report for the year ended 31st March 2021
GOVERNING DOCUMENT
Saint Theosevia Trust, a registered charity (number 326366), is administered in accordance with the Trust Deed dated 24th October 1983.
OBJECTS OF THE TRUST
The Trust was founded in 1983 to promote the advancement of the Christian Religion; to advance public education in the history, theology and spirituality of the Christian Churches in both the East and the West; and, more particularly, to promote lectures, seminars and conferences within the area indicated above, as well as providing a residential centre for research students and senior scholars interested in the aims of the Trust.
The Trust owns a freehold property, 2 Canterbury Road, Oxford OX2 6LU, which is known as The St Theosevia Centre for Christian Spirituality and which has, as its residents, 7 theological students . Its meeting room contains the library of the Fellowship of St Alban and St Sergius, consisting of books on the Christian East and on Christian Unity; these are accessible for consultation by anyone working in these fields.
TRUSTEES
The Trustees are meet three times per annum, once in each University term, and members of the Council who are not Trustees join them immediately after for full Council meetings.
REVIEW OF ACTIVITIES
All the rooms in the house have been let throughout the academic year to postgraduates, mainly from outside the United Kingdom. A licence is held by the Treasurer under the regulations applied by Oxford City Council for Houses in Multiple Occupation.
During the year ended 31st March 2021 the Trust was unable to organise any events due to the restrictions imposed regarding the coronavirus pandemic.
Discussions are continuing with the Trustees of St Gregory and St Macrina; and the Fellowship of St Alban and St Sergius, with a view to combining the three charities. Little progress was achieved during the year.
The current reserves of the Trust stand at £101140 and are considered adequate to meet the current needs of the Trust.
The Trust’s property at 2, Canterbury Road appears in good condition. Major repairs amounted to £2227 during the year.
Signed on behalf of the Trustees…………………………………………………………………………….
6 January 2022
Income and Expenditure 2021
SAINT THEOSEVIA TRUST
INCOME AND EXPENDITURE ACCOUNT
for the year ended 31[st] March 2021
| 2020 House, 2 Canterbury Road £ £ £ 33630 Income: Rents Receivable 32550 3 Other 0 --------- 33633 --------- Less: Costs 2628 Insurance 3971 Council Tax 4120 4194 Gas 3278 2181 Electricity 2485 1572 Water 471 1351 Telephone 1185 240 Gas Safety Certificate 240 Legal Costs 541 7496 Household and Garden 6485 909 Furniture and Equipment 76 2850 Major Property Repairs 2227 137 Sundry Expenses 52 1813 Wardens’ Honoraria 768 782 Unfading Light Conference - --------- 30124 --------- 3509 Conferences 29 Subscriptions 476 Study Days 64 --------- --------- 505 64 1278 Less Costs 86 --------- -773 --------- 361 Other Income Interest 3097 -250 Other Costs Independent Examiner 250 2847 Excess of Income over Expenditure 231400 234247 Balance at 1stApril 2020 Balance at 31stMarch 2021 |
2021 £ 32550 21928 10622 -22 190 10790 -250 10540 234247 244787 |
2021 £ 32550 21928 |
|---|---|---|
Page 1
Balance Sheet 31 March 2021
| SAINT THEOSEVIA TRUST | ||
|---|---|---|
| BALANCE SHEET at 31stMARCH 2021 | ||
| 2020 | ||
| £ | £ | |
| FIXED ASSETS | ||
| Freehold Property | ||
| 283177 | 2 Canterbury Road Oxford | |
| CURRENT ASSETS | ||
| 23911 | Cash at Lloyds Bank – General Fund | |
| Central Board of Finance of the | ||
| 65129 | Church of England – General Fund | |
| 2320 | Debtors | |
| 91360 | ||
| 490 | Less: Creditors | |
| 90870 | ||
| 374047 | ||
| REPRESENTING: | ||
| 139800 | Permanent Endowment | |
| 234247 | General Fund | |
| --------- | 374047 |
Page 2
Balance Sheet 31 March 2021
2021 £ £ 283177 28794 65320 7786 101900 490 --------101410 384587 139800 244787 --------384587
Page 3
THE TRUSTEES OF ST THEOSEVIA TRUST, OXFORD
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
I report on the accounts of the Trust for the year ended 31 March 2021 which are set out on the adjacent pages.
Respective responsibilities of the Trustees and examiner
As the Trustees you are responsible for the preparation of accounts; you consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts under section 145 of the 2011 Act;
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To follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and
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To state whether particular matters have come to my attention.
Basis of the independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. That examination includes a review of the accounting records kept by the Trustees and comparison of the accounts with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning such matters. The procedures undertaken do not provide all the evidence which would be required in an audit and, consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the 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:
-
Which gives me reasonable cause to believe that in any material respect the requirements
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To keep accounting records in accordance with section 130 of the 2011 Act; and
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To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
B Causby CPFA
30 December 2021