## 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 

|£<br>39,718<br>2,109|2023<br>House, 2 Canterbury Road<br>£<br>Income:<br>Rents Receivable<br>Other<br>41,827<br>Less:<br>Costs<br>Insurance<br>Council Tax<br>Gas<br>Electricity<br>Water<br>Telephone<br>Gas Safety Certificate<br>Legal Costs<br>Household and Garden<br>Furniture and Equipment<br>Major Property Repairs<br>Sundry Expenses<br>Wardens’ Honoraria<br>27,650<br>14,177<br>Conferences<br>Subscriptions<br>Study Days<br>-<br>Less Costs<br>513<br>-<br>1,400<br>Other Income<br>Interest<br>15,064<br>250<br>-<br>Other Costs<br>Independent Examiner<br>Excess of Income over Expenditure<br>14,814<br>Excess of Expenditure over Income<br>242,013<br>Balance at 1stApril 2023<br>256,827<br>Balance at 31stMarch 2024|£<br>36,367<br>-<br>797<br>4,659<br>2,922.00<br>3,750.56<br>1,645<br>2,040<br>837<br>1,410<br>7,209<br>-<br>58,970<br>4,074<br>1,955||2024<br>£<br>36,367<br>90,268<br>53,901<br>-<br>-<br>159<br>2,201|
|---|---|---|---|---|
|1,042<br>4,444<br>3,960<br>2,434<br>1,355<br>1,621<br>-<br>-<br>5,772<br>550<br>3,581<br>936<br>1,955|||||
|28<br>-<br>--------<br>28<br>541<br>---------<br>250||159<br>-<br>------<br>159<br>------<br>250|<br>--<br>-||
||||<br>|51,541<br>-<br>250<br>-|
|||||51,791<br>-<br>256,827|
|||||205,036|





|£<br>46,913<br>66,787<br>-|SAINT THEOSEVIA TRUST<br>BALANCE SHEET at 31stMARCH 2024<br>2023<br>£<br>£<br>FIXED ASSETS<br>Freehold Property<br>283,177<br>2 Canterbury Road Oxford<br>CURRENT ASSETS<br>Cash at Lloyds Bank – General Fund<br>9,914<br>Central Board of Finance of the<br>Church of England – General Fund<br>53,988<br>Debtors<br>-<br>63,902<br>Less: Creditors<br>2,243<br>113,450<br>396,627<br>REPRESENTING:<br>Permanent Endowment<br>139,800<br>General Fund<br>205,036<br>396,627|2024<br>£<br>283,177<br>61,659|
|---|---|---|
|113,700<br>250|||
|139,800<br>256,827|||
|||344,836|
||||
||||
|||344,836|





ffj £
- ffj
u UT> £LU.-