SAINT THEOSEVIA TRUST
TRUSTEES’ REPORT
The Trustees have pleasure in presenting their report for the year ended 31st March 2023.
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 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.
Study days are on-going, with 4 being held during the year of 2022/2023.
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 coordinate activities over the three charities.
The current reserves of the Trust stand at £113,450 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 £3,581 during the year.
Signed on behalf of the Trustees…………………………………………………………………………….
29 January 2024
Inc & Exp 2023
SAINT THEOSEVIA TRUST
INCOME AND EXPENDITURE ACCOUNT for the year ended 31[st] March 2023
| £ 35,460 125 |
- |
2022 House, 2 Canterbury Road £ £ Income: Rents Receivable 39,718 Other 2,109 35585 Less: Costs Insurance 1,042 Council Tax 4,444 Gas 3,960 Electricity 2,434 Water 1,355 Telephone 1,621 Gas Safety Certificate - Legal Costs - Household and Garden 5,772 Furniture and Equipment 550 Major Property Repairs 3,581 Sundry Expenses 936 Wardens’ Honoraria 1,955 37,913 2,328 - Conferences Subscriptions 28 Study Days - -------- 28 Less Costs 541 265 - -------- 68 Other Income Interest 2,525 - 250 - Other Costs Independent Examiner 250 2,775 - Excess of Income over Expenditure Excess of Expenditure over Incom 244,787 Balance at 1stApril 2022 242,013 Balance at 31stMarch 2023 |
2022 House, 2 Canterbury Road £ £ Income: Rents Receivable 39,718 Other 2,109 35585 Less: Costs Insurance 1,042 Council Tax 4,444 Gas 3,960 Electricity 2,434 Water 1,355 Telephone 1,621 Gas Safety Certificate - Legal Costs - Household and Garden 5,772 Furniture and Equipment 550 Major Property Repairs 3,581 Sundry Expenses 936 Wardens’ Honoraria 1,955 37,913 2,328 - Conferences Subscriptions 28 Study Days - -------- 28 Less Costs 541 265 - -------- 68 Other Income Interest 2,525 - 250 - Other Costs Independent Examiner 250 2,775 - Excess of Income over Expenditure Excess of Expenditure over Incom 244,787 Balance at 1stApril 2022 242,013 Balance at 31stMarch 2023 |
2023 £ 41,827 27,650 14,177 - 513 - 1,400 |
|---|---|---|---|---|
| --------- 652 4,255 4,990 3,308 1,251 1,461 250 266 10,318 779 6,437 1,928 2,018 |
||||
| --------- 6 -------- 6 271 --------- 250 |
||||
| 15,064 250 - |
||||
| 14,814 242,013 |
||||
| 256,827 |
Page 1
Bal Sheet 2023
SAINT THEOSEVIA TRUST
BALANCE SHEET at 31[st] MARCH 2023
| 2022 £ £ £ FIXED ASSETS Freehold Property 283,177 2 Canterbury Road Oxford CURRENT ASSETS 33,035 Cash at Lloyds Bank – General Fund 46,913 Central Board of Finance of the 65388 Church of England – General Fund 66,787 463 Debtors - 98,886 113,700 250 Less: Creditors 250 98,636 381,813 REPRESENTING: 139,800 Permanent Endowment 139,800 242,013 General Fund 256,827 381,813 |
2023 £ 283,177 113,450 |
|---|---|
| 98,886 250 |
|
| 139,800 242,013 |
|
| 396,627 | |
| 396,627 |
Page 2
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 2023 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, I confirm that no material matters have has come to my attention other than that disclosed below:
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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
- 1 December 2023