## 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; - 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 - 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: 1. Which gives me reasonable cause to believe that in any material respect the requirements - To keep accounting records in accordance with section 130 of the 2011 Act; and - 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 of the accounts to be reached. B Causby CPFA 30 December 2021