Romanoff Foundation Romanoff Foundation Charity 1037622 Company 02924789 REPORT AND AccoLYTS FOR THE YEAR ENDED 31 MAY 2022 Romanoff Foundation COMMirrEE OF MANAGEMENT: Mr. ANDREI RODZIANKO. MEMBER IGRE4TBRITAIN) TRUSTEES Princess DORIrr ROMANOFF Mr. GRLGORY WOLCOUGH Mr. PE'ITr.R IIOBRINSKY Mr. ALF.X KOTCIIOUBEY Mr. ANDREI RODZIANKO Mr. JAME8 CIALITZINE Mr. JEAN-EVERARD DOMINICE REGISTERED OFFICE ROMANOFF FOUNDATION {UK) REGISTERED IN ENGL4ND COAIPANYNUMBER 2924789 38GILgrr..AD ROAD LONDON SW6 2LG IEL.. {020177316245 INVESTMENT ADVISORS JNVEsfFL L 30 GRESIIAM STRF.ET LONtK)N EC2V 7QN BANKERS COLrrrs & Co 440 sfRAND I.ONDON WC2R OQS CONTENTS Pages 3-4 C.omrnitte¢'$ Ddai15 & Re￿rt Gentr￿ Col￿rat Infornati( Profit & Loss FI￿an¢t Shtti Trlo¢¢s on the Accowtts Indepcndcni F￿aMinerS Rep)rt The ROhUNOFFFOUNDA TION Romanoff Foundation Charity R¢gisleredin EngltsTh4wiih The Chority Commi￿10￿. Regtsi¢redNumber 1037622 REPORT OF THE COMMITTEE OF MANAGE.MENr During the 2022 fiscal ycar, the Rf made some irnportani inroads in expanding its capabilities and broadening 115 ¢haritabl¢ reach. Imponantlyy the RF wa5 able to rcspond to the Russian invasion of Ukraine with some direct assistance lu refugces fleeing the conflict. A number of high quality cvrnts were held in London during the year. Charities and projects supported during the fiscal year includd: l ) "Azbuka School" Scholarship Program - sUPPOrted a deserving student in their Studies at the only Russian and English bi-lingual sch(￿] in London. In May 2022. the RF made an addilional scholarship donation to children fleeing ihe conflict in Ukraine. 2) 'Life in Motion" a US based charity f￿USed on providing prosthetics for disabled children. The RF supported one of Ih¢iT runners in the 2021 NYC marathon. 3) Ukraine refugee support - through our network. we were able 10 support a young mother and child whu fled lo Romania and a Mother and children fleeing from the east of Ukraine. We envision continuing to work on projccls in this regard. We vi¢w our work wilh chariiie5 as an ongoing partnership and plan to continue to support the above charities and projects when ￿ssIble and necded. While the event a¢tiviiy of the foundation was affected by COVID and th¢ RUSSI￿Ukr8inc war, w¢ continuc w support a chariiies and good ¢auses. 'rhe RF continued to build in its strong area of organizing events on ihe back of an excellen¢ FY2021 in that regard. During the year. Ihe RF organized the fnllowing events: l ) A talk by renowned hisiorian Dominic Lieven on Tsar Nicolas 11 in Sepiember 2021. The in-person eveni was sold out and the short video created gathered more than 500 views on youtube and the full podc&st more than 250 listeners. 2) A book launch for Nikolai Tolstoy's book "Stslin's Vengeance" in October 2021. This evcnl was natablc as th¢ Rf was asked to organize il givcn il's succcssfvl track rccord on histori￿1 events. 3) The RF. also facilitaied an eveni on ihe History of ihe Russian Orthodox Church. which wa5 held by Maximus Events. In addition. we were approached by a reputable UK university lo collaborate on a research study of White Russian philosophers, which we were very supportive of. We have given our support to the grant application for ihe project and hope to be able to organizc an event on the topic in the coming 12-24 months. The year resulted in several milestones in ternis of en8a8ing with our donor community we received some meaningful repeat and standing order donatiotls. We are grdtefvl for any and all donatic)ns and l(Mik forward to continuing to build and engage with our donor community in the year ahead. The events also resltlicd in new supporters and donors, and the sponsorship d¢al that cover¢d the entire cost of one FY 2021 event Wa5 paid during the year. Th¢ Trustees ￿rrIed out furthcr work on the organi7ational side, including some critical infrastructure and turther work on the website. The RF added capability to sell event tickets and receive donations using tickettailor and stripe, which allows for seamless checkout and payment for events online. The web redesign project continues to progress. though slower than we would like. Romanoff Foundation The members of the Committee of Management do not receiv¢ any fees or remunerdlion of 8ny sorL In all past cases of donating to Russia and the CIS. the fund donated equipmenl or supplies needed by the recipient institutions. We plan lo conlinue ihis policy of personal involvement combined with the donation of goods and supplies for projects in Russi4 and seek to grow our network of trusted partners in Russia and the CIS. All the fund raising or charitable projects undertaken by the fund will conlinuc to directly involve the family members or Trustees of the Foundation. This direct involvemcnl of the family and operating team is the key to ihe success and effecliveness of the fund. Since the establishment in 1992 of the Romanoff Fund for Russia by initiative of several senior members of the Romanov family. the Fund has been instrumental in many benevolent activities in the Russian F¢deration and in the CIS republics of Ukraine, Kazakhsian and Uzbekistan. Over Ihe latest year. the renamed Romanoff Foundation has also Serv￿ a social and educational function in the UK and globally, by effectively lev¢raging technology and social media plaifonns. Latest activities of the Romanoff Foundation: 'lTh¢ Fuundation continuLs supportin8 its ongotng projects and has plans io add addilic>n)l ￿￿%¢￿￿ in the eoming year. Ncw ¢hallLngcs have emersixl related to th¢ *ar bL*ween Russi￿lIkra•ne, bul we have adeptly navigatcd them and look foTw&rd to further d¢v¢loping the aetivities ofthe Foundation in FY 2023. FOR AND ON BEHALF OF THF. COMMI'fTF.F. OF MANAGEMENT OF TIIE ROMANOFF FOUNDATION MEMBER Romanoff Foundation GENERAL CORPORATE INFORMATION THE ROMANOFF FOUNDATION IS A CORPORATION LIMITED BY GUARANTY AND WAS INCORPORATED tN ENGLAND AND WALES ON 3 MAY 1994, COMPANY REGISTRATION NUMBER 2924789. THE SUBSCRIBtNG MF.MBERS ARF. PRINCESS DQRRJT ROMANOFF, GREGORY WOI.COUGH. Mr. PETER BOBRtNSKY. Mr. ALLX KOTCHOUBEY, Mr. ANDREI RODZIANKO and Mr. JEAN-EVRARD DOMfNICE ALL OF WHOM NOW COMPRISE THF. COMMITTEE OF MANAGEMENT. THE LIMIT OF THE GUARANTY OF EACH OF THE SUBSCRIBtNG MEMBERS IS £1. THE COMPANY WAS ENTERED tNTO THE CENTRAL REGISTER OF CHARITIES IN ENGI.AND ON 17 MAY 1994. REGISTERED NUMBER 1037622. ST THF. FINANCIAL YEAR-END OF THF. fuND IS 31 MAY. I'HE RF.PORT AND ACCOUNTS ARF. foR THE YEAR ENDED 31 MAY 2022 THF. INVESTMENTS IN U.K. TREASURY BONDS ARF. VALUEf) Al. THE LOWF.R OF COST OR CIJRKF.NT MARKET VALUE. FURTHF.R. IT DOES NOT TAKF. tNTO ACCOUNT ANYACLRUED INTEREST I"HAT MICJHT HAVE BEEN EARNED FROM DATE OF PURCHASF. TO STATEMENT DATF.. ANY INTEREST EARNED IS TAKEN fNTO THE ACCQUNTS AS AND WHEN IT IS PAID tNTO THE BANK AccouKfoF THE FUND. THERE HAVE BEEN CHANGES IN THE cOMMI￿EE OF MANAGEMENT SINCE THE INCORPORATION or THE FIJND. Prin¢e Rostislav Romanoff died on 8 January 1999 and Mr. Gregory Wolcough look over his responsibilities. Prince l)imitri Romanov died * the end of December 2016 and four new trustees were added in February 2018. Mr. Gregory Wolcough will hand over his responsibilities to Mr. Jean-l.vrard Dominice after this Annual Report Romanoff Foundation Profit & lths Stalement 110612021 Through 31111512022 tegory Description 0110612021- 3110512022 0110612020- 3110512021 INCOME Charity Donations Books Gift Aid Dividend Interest Income Realised Gain or Loss 14.410.61 140.00 0.00 5.870.68 222.16 9.154.43 3.328.59 0.00 0.00 5,945.63 237.76 666.27 TOTAL INCOME 29,797J8 10 178.25 EXPF.NSF.S Fluginess F.xpen8es Annual Return Bank Charges Legal & Professional Fees Web Sile A¢count&ney Investmcnl Managcmeni Fces Postag¢ 13.00 813.59 0.00 13.00 382.32 530.00 272.97 0.00 700.00 3.919.46 53.05 3529.00 51.35 Tolal Business Expcns¢s 5 499.10 4 778.64 Charity Expenses Project EX￿nSeS Donations Promotion Entertainment Event Costs 2.022.67 3.816.86 828.39 348.00 9,944.06 93.78 9.301.82 500.00 1,878.95 500.00 Total Charity Expenses 959.98 12,274.55 TOTAL EXPENSES 22,459.08 17,053.19 PRnFITILOSS 7J38.80 -6,874.94 Romanoff Foundation Balance Sheet (l￿]udeS unrealised gains) Asat 31. May2022 Accounts As ai 31105122 As ai 3110512021 ASSETS Cash and Bank Accounts Current Accounts Investment Account 6.307.91 12.006.52 2.415.43 9,816.46 1,209.82 Divid¢nds Account 1,314.84 TOTAL Cash and Bank Aeeounts 19,629.21 13,441.71 Investmenls 307.443.18 313.103.93 TOTAL Investments 307,443.18 313,103.93 TOTAL ASSETS 327.072.45 326,%45.64 LIABILITIF,S & EQUITY LIABILITIES EQUITY 175.00 326 897.45 2.303.93 324 241.71 TOTAL LIABILITIES & EQUITY 327,072.45 326.545.64 The Committee of Manag¢meni has approved the accounts and authorizeAI ihcir signature on behalf of the Committee. FOR AND ON BEHAI,F OF 'I'HE COMMifI'EE OF MANAGEMENT OF THE ROMANOFF FOUNDATION MEMBER Romanoff Foundation NOTES TO THE Accouwrs ST FOR THE YEAR ENDED 31 MAY 2022 ACCOUNTING POLTCIF.S At¢ounting Convention and Basiq of Preparation of Accounts The accounts have been prepared under ihe Historical Cost Convention. DoD*¢ions and Grants Donations and grants are accounted for when rK¢ived. AdministrAtion ExpeDses Administralion expenses ar¢ acwunted for on an accrual basis. Fixed A&8ets and DepreciatioD rixed assets are slaled at historic cost less aceumulaled depreciation. Depreciation is provided for at rates calculated to wrile off the cosL less estimated residual value. over the expected useful life. Foreign Curr¢ncies Assets and liabilities denominaied in foreign currencies a￿ translated al the middle market rate of exchange ruling at the balance sheei dale. Transa¢lions in foreign currcncies ar¢ recordcd ￿ the rate of exchange rulin8 at the datc of the iransaction. Any differ¢n¢¢s ar¢ taken to the profit and loss a¢¢ount. Trus¢ee8. No Trustees received remuneration from the Fund. Expenses incurred by the Trustees were paid to them. C Yew & Company 54 Glenburnie Road London SW17 7NF Dear Sirs ON We confirni ts) the bcst of our knowl¢dg¢ and belie( and having made appropria enquiries of other TTUStees and officials of the charity, the following Tepresentations given to you in connection with the charity's financial ststements for the year ended 31 May 2022. l. We a¢knowledge as tnL8tees our It4￿nsibilIty for the fmwicial stat¢m¢nts which you have prepared for the company. All the a¢counting records have been made available to you for the pu4x)se of these accounts and all the transactions undertaken by the charity have been properly reflected and recorded in the accounting re¢ords. All other records and ￿lated infom￿]0￿ tncluding minutes of all management and trustees, meetin& have Ixen made available to you. 2. The Charity at no time during th¢ year made any arrang¢menL transactions or agreement to proNide credit facilities ( including loans, qu&8i-loans or credit transa¢tions) for any trths, nor had to guarantee or provide sewity for such matters, except as disclosed in the financial slalements. 3. There have been no events since the balance sheet date which necessitate revision of the figures included in the financial stsiements or inclu8ion of a note thereto. Should further ma*rial evcnts occur, which may necessitate revision of the figures included in the financial slatements or a note thereto, we will advise you accordingly. 4. At the balance sheet date there werc no contingent liabilitie5 of a material amount and no litigation in progress. pending or threatened, other than as dlsclosed or provided in the financial statements. Yours faIthfi￿Y? Approved by the knard of Trustees and SI￿￿d on its behalf Dated 2410912022 MANOFF FOUNDATI R THE ¥EAR ENDED PIT TR For the year endaj 31 May 2022 the company is entitled to exemption from under section 477 of the Companies Act 2(K16 relating to small companies. The members have not required the Company to obtsin an audit in &cord8nce with Section 476 of the Companies Act 2(K)6. The directors acknowledge their responsibilities for complying with the requirements of the Compani¢s Act 2006 with respect to accounting records and the preparation of awounts. The accounts have been prepared in accordance with the micro