## **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** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**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** |Guidance Note
**Fixed assets**
**Intangible assets (Note 15)**
B01
**Tangible assets (Note 14)**
B02
**Heritage assets (Note 16)**
B03
**Investments (Note 17)**
B04
**_Total fixed assets_**
B05
**Current assets**
**Stocks (Note 18)**
B06
**Debtors (Note 19)**
B07
**Investments (Note 17.4)**
B08
**Cash at bank and in hand (Note 24)**
B09
**_Total current assets_**
B10
**Creditors: amounts falling due within**
**one year (Note 20)**
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
**Creditors: amounts falling due after**
**one year (Note 20)**
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
**Restricted income funds (Note 27)**
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**Fair value reserve**
B21
**_Total funds_**
B22|**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 1 |Signature of director authenticating accounts being sent to
Companies House|Signature|Date
dd/mm/yyyy| |---|---|---| |||| |||**Print name**| CC17a (Excel) 23/07/2025 2 **----- Start of picture text -----**
‘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.
**----- End of picture text -----**
| 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. **----- Start of picture text -----**
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 2 Oct 2018