2025-04-04-accounts - Latvian Educational Foundation 1990

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Trustees’ Annual Report for the period

From: 05/04/2024 Period start date To: 04/04/2025 Period end date Charity name: Latvian Educational Foundation 1990

Charity registration number: 1004578

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The Latvian Educational Foundation (LEF) is backed by the Latvian Diaspora Representatives of the UK (LPAK), the Latvian Welfare Trust (LWT), other Latvian organisations, individual donors and bequests. Its aim is to facilitate Latvian educational and cultural activities in the UK and Ireland as well as helping educational projects in Latvia.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	What:Education/training Arts/culture/heritage/science Who:Children/young people People of a particular ethnic or racial origin Other Charities or Voluntary Bodies How:Makes grants and donations to individuals and to organisations
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees are committed to supporting the Latvian diaspora not only in cultural and educational spheres but also that this benefits society as a whole.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference

	SORP reference
Policy on grant making	Para 1.38	Grants and donations are restricted to the UK, Ireland and Latvia where it can be shown that these are of benefit to the greater Latvian community. These benefits must be linked to education and culture.
Policy on social investment including program related investment	Para 1.38	n/a

Contribution made by volunteers	Para 1.38	n/a
Other		n/a

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Expenditure 2024/2025: Grants to 7 Latvian weekend schools in London,Derby,Edinburgh,Bradford,Wolverhampton, Portsmouth,Mansfield and one in N.I. – totalling £3,519. Grant to the Latvian Archive and Documentation Centre in Catthorpe £3,995. Grant to Latvian day of culture in Birmingham £4,207. Grant to the Baltic Council 11th Symposium UCL £250. Grant to European Language Day in London £288. Grant to the 3x3 Latvian Youth summer camp £6,000. Donation £428 to an exceptional student to attend the European Summer School in Latvia.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	n/a
Performance of fundraising activities against objectives set	Para 1.41	A fundraising project for the purchase of a “zoom license” for use by the Latvian language teaching group in Nottingham was set up using “Justgiving”. A total of £2,041has been raised to date.
Investment performance against objectives	Para 1.41	n/a
Other		n/a

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Annual donations continue to boost our reserves and guarantees our long-term work of supporting the Latvian diaspora.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	As above.
Amount of reserves held	Para 1.22	£599,000
Reasons for holding zero reserves	Para 1.22	n/a
Details of fund materially in deficit	Para 1.24	none
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	none

Additional information (optional)

Additional information (optional)	Additional information (optional)
You may choose to include further statements		where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	A large part of the foundation’s income comes from interest on bank deposits. Fund raising, individual donations and bequests also continue the support of our work.
Investment policy and objectives including any social investment policy adopted	Para 1.46	n/a
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust deed
How is the charity constituted? (e.g. unincorporated association, CIO)	Para 1.25	Unincorporated association
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are from the Latvian Welfare Trust (LWT) and the Latvian Diaspora Representatives of the UK (LPAK). New trustees are proposed from these two founding organisations every two years.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51	New trustees are assessed by the existing 7 trustees.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	n/a
Relationship with any related parties	Para 1.51	Trustees are from the Latvian Welfare Trust (LWT) and the Latvian Diaspora Representatives of the UK (LPAK). New trustees are proposed from these two founding organisations every two years. Thus, the working relationship with both founding organisations is maintained.
Other		n/a

Reference and Administrative details

Charity name	Latvian Educational Foundation 1990
Other name the charity uses	Latviesu izglitibas fonds Lielbritanija
Registered charity number	1004578
Charity’s principal address	c/o Inese Auzina-Smith 44, Leconfield Road Loughborough LE11 3SQ

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Name of person (or body) entitled to appoint trustee (ifany)
Inese Auzina-Smith	Chair	All trustees
Paulis Zivtins	Treasurer	“ “
Maris Pulis	Education officer	“ “
Ruta Apsa-Abakuks	Secretary	“ “
Pauline Buchanan		“ “
Baiba Freimane		“ “
Lita Temistokleusa		“ “

– Corporate trustees names of the directors at the date the report was approved

Director name n/a

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
n/a

Funds held as custodian trustees on behalf of others

Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
n/a

Name of chief executive or names of senior staff members (Optional information)

n/a

Exemptions from disclosure

Reason for non-disclosure of key personnel details

none

Other optional information

none

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Paulis Zivtins Full name(s) Paulis Zivtins Position (eg Secretary, Hon. Treasurer Chair, etc) Date 28/05/2025

Charity Name

Charity No

Company No

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Total last year £ F05
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
599,051	-	-	599,051	589,093
599,051	-	-	599,051	589,093

-	-	-	-	-

599,051	-	-	599,051	589,093

599,051	-	-	599,051	589,093

-	-	-	-	-
-	-	-	-	-

599,051	-	-	599,051	589,093

-			-	-
	-		-	-
599,051		-	599,051	-
			-

599,051	-	-	599,051	589,093

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Paulis Zivtins Signed by one or two trustees/directors on behalf of all the trustees/directors	Print Name	Date of approval dd/mm/yyyy
	Paulis Zivtins	15/05/2025

CC17a (Excel)

23/07/2025

Signature of director authenticating accounts being sent to Companies House	Signature	Date dd/mm/yyyy

		Print name

CC17a (Excel)

23/07/2025

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‘poy CHARITY COMMISSION | Independent examiner's report on the
Gh FOR ENGLAND AND WALES accounts
Section A Independent Examiner’s Report
Report
to the trustees LATVIAW EDLCATICWI AL FOUMDATION 199797
On accounts for the|:year eels O, 2025S.‘ Charity‘ifany)no |“CO#D78
Set out on pages
|
reportity to(“ the trusteesE on my oldded <5/of the accountsOLS.of the above
charity (“the Trust”) for the year ende /03/ 2.
Responsibilities and As the charity's trustees, you are responsible for the preparation of the
basis of report accounts in accordance with the requirements of the Charities Act 2011
(‘the Act”).
| report in respect of my examination of the Trust’s accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, |
have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
Independent [The charity's gross income exceeded £250,000 and | am qualified to
examiner's statement applicableundertake the examination bybeinga qualified member of [insert name of
listed body]]-Beletea [ ] ‘f not applicable.
| have completed my examination. | confirm that no material matters have
come to my attention in connection with the examination (ether-tharr-that-
-disclosed-betowrespect: ) which gives me cause to believe that in, any material
e the accounting records were not kept in accordance with section 130
of the Charities Act; or
e the accounts did not accord with the accounting records; or
e the accounts did not comply with the applicable requirements
concerning the form and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a ‘true and fair’ view which is not a matter
considered as part of an independent examination.
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Address: FS CARISBRCORE RMORD
LEICESTIEGL JE2Q Z2f
Section B Disclosure|
Only complete if the examiner needs to highlight material matters of concern
(see CC32, Independent examination of charity accounts: directions and
guidance for examiners).
Gives hows bet detalles of
any items that the
examiner wishes to
disclose.
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| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Please delete the words in the brackets if they do not apply.

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Name:| AS7TR/ID4H BALOD/S
qualification(s)Relevant professionalor body KEGISFERED FIM AIICIALCCET 12 EZ>»ADVISER é(FCA
IER 1 Oct 2018
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IER

Oct 2018