SAINT THEOSEVIA TRUST
TRUSTEES’ REPORT
The Trustees have pleasure in presenting their report for the year ended 31st March 2024.
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 2023/2024.
The current reserves of the Trust stand at £64,659 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 £58,970 during the year.
Signed on behalf of the Trustees…………………………………………………………………………….
31 January 2025
SAINT THEOSEVIA TRUST
INCOME AND EXPENDITURE ACCOUNT for the year ended 31[st] March 2024
| £ 39,718 2,109 |
2023 House, 2 Canterbury Road £ Income: Rents Receivable Other 41,827 Less: Costs Insurance Council Tax Gas Electricity Water Telephone Gas Safety Certificate Legal Costs Household and Garden Furniture and Equipment Major Property Repairs Sundry Expenses Wardens’ Honoraria 27,650 14,177 Conferences Subscriptions Study Days - Less Costs 513 - 1,400 Other Income Interest 15,064 250 - Other Costs Independent Examiner Excess of Income over Expenditure 14,814 Excess of Expenditure over Income 242,013 Balance at 1stApril 2023 256,827 Balance at 31stMarch 2024 |
£ 36,367 - 797 4,659 2,922.00 3,750.56 1,645 2,040 837 1,410 7,209 - 58,970 4,074 1,955 |
2024 £ 36,367 90,268 53,901 - - 159 2,201 |
|
|---|---|---|---|---|
| 1,042 4,444 3,960 2,434 1,355 1,621 - - 5,772 550 3,581 936 1,955 |
||||
| 28 - -------- 28 541 --------- 250 |
159 - ------ 159 ------ 250 |
-- - |
||
| 51,541 - 250 - |
||||
| 51,791 - 256,827 |
||||
| 205,036 |
| £ 46,913 66,787 - |
SAINT THEOSEVIA TRUST BALANCE SHEET at 31stMARCH 2024 2023 £ £ FIXED ASSETS Freehold Property 283,177 2 Canterbury Road Oxford CURRENT ASSETS Cash at Lloyds Bank – General Fund 9,914 Central Board of Finance of the Church of England – General Fund 53,988 Debtors - 63,902 Less: Creditors 2,243 113,450 396,627 REPRESENTING: Permanent Endowment 139,800 General Fund 205,036 396,627 |
2024 £ 283,177 61,659 |
|---|---|---|
| 113,700 250 |
||
| 139,800 256,827 |
||
| 344,836 | ||
| 344,836 |
ffj £ - ffj u UT> £LU.-