## **Belarusian Charitable Trust** _**Limited**_ Company Limited by Guarantee and not having a Share Capital. Registered No: 2780180 (England and Wales) 52A Penn Road, London, N7 9RE. e-mail: zbvb@btinternet.com ## BCT Trustees: Mr. P. Shevtsov, Chair of the Council, Mr. S. Piatkevich, the Secretary/Treasurer, Mr. V. Evdokimov trustee, Mr. J. Jaswilowicz, trustee, Mr. A. Kasijiak, trustee, Mr. I. Labacevich, trustee ## Trustees Annual Report For 2023/2024 Financial Year (Prepared in accordance with the Charity Commission guidance) . _Activities and objectives_ : During 2023/2024 Financial Year the Trustees of the Belarusian Charitable Trust fulfilled charitable objectives for the public benefits according to the requirements of section 4 of the Companies Act 2006 and Memorandum of the Trust through allocation of grants and support not-for-profit projects in education and training, publication of books, providing help to Belarusians in need, including projects of F.Skaryna Library and Museum, awards to young Belarusian writers, scientists and students as well as a humanitarian aid. To approve/reject applications, Trustees have a number of face-to-face meetings on 25.11.2023, 23.03.2024 and in between all discussions were carried out by emails and phone calls. _Achievements and performance_ : There are two main sources of income, namely: company’s properties and investments and thanks to Trustee’s policy to gradually increase the rent rate, BCT continues to benefit from stable income from renting out company’s properties. As a result, in the current FY this index increased by 6.3% up to £42,480.00 as compared with £39,840.00 in 2022/2023 FY, or nearly 14% up in the last two years. In accordance with the BCT medium term strategy for the expansion of the charitable activity in the current FY the Trustees were very selective in choosing projects and achieving BCT objectives to the public benefit. As consequences of the chosen approach, the Trust’s financial support was accurate and transparent in execution of transactions. So, in 2023/2024 FY, the charitable support has been approved by the Trustees for the total amount of £17,775. Trustee’s careful and grounded decisions were successfully converted in high quality projects with following principal examples: a). making basement space waterproof to allow F. Skaryna Belarusian Library and Museum to expand their storage facilities through 50% shared funding; b). due to high demand from the public, publication of extra issues of the book dedicated to Belarusian history written by one of the reputable Belarusians historianwriter; c). annual awards to young writers and scientists selected by the professional committee who won the competition for the best essay, poem, scientific paper; d). humanitarian aid to cover food, medication and living expenses for the Belarusians in need. It should be noted that the Trust has no “People with Significant Control”, no debt and there were no funds held in custody. For the year ending 31 March 2024, the BCT was entitled for exemption from audit under section 477 of the Companies Act 2006 relating to small companies, and the Trustees have not required to obtain audit in accordance with section 476 of the Companies Act 2006. _External Examiner Report for 2023/2024 FY:_ External examiner report has been prepared by Mr. D. J. Corr who is highly qualified professional with University Degree, currently employed by USA corporation in London, at the same time has a background experience as self-employed, and, therefore, familiar with all aspects of business accounting. With respect of the examination of the BCT accounts carried out under section 145 of the 2011 Act, Mr. D.J. Corr, as external examiner confirmed that all receipts, bills and statements for the financial year ended 31.03.2024 are in order. For both Community and Donation accounts the balance in April 2023, calculation of income and expenditure during reporting period is matched with the balance in April 2024 and amount of cash in hands. The data from the “Rathbone Investment Management” Tax Report for the period 06 April 2023 to 05 April 2024, including cash movement are correctly reflected in the Income/Expenditure accounts and with those in Micro-Entity Accounts which are going to be submitted to both the Companies House and the Charity Commission. In summary, external examiner has no concerns and no material or other matters in connection with the examination to which attention should be drawn in the report to enable a proper understanding of the accounts to be reached. _Investment and Property Development policy review:_ The outlook for investments is concerned with a). the new Labour Government in the UK is purporting to be heavily focussed on growth but in opposite its first Budget Statement contained much that does not support this at least in the short terms, and b). Trump’s re-election raises fears with regards to global trade tariffs and uncertainties around more sensitive geopolitical issues of the day. Whilst, in index terms, the world stock market seems to have thrived despite these concerns, the fact that much of the strength has been so heavily focussed on the US, leads to take a cautionary view. On BCT AGM meeting (29.01.2025), taking into consideration BCT’s charitable objectives and long-term strategy and with respect to the latest tendencies above, Trustees confirmed their intention to keep balance between investments with the “Rathbone Investment Management” and BCT properties with the purpose of effectively use funds for charitable purposes when required for a medium risk tolerance portfolio with a long time horizon which aim over time to achieve returns above the rate of inflation. With this respect, Trustees discussed preliminary proposition of the Limited company with regards to transferring their property ownership title to the BCT and are going to seek advice from the appropriate Charity lawyer in this matter. Trustees also approved accounts for 2023/2024FY and agreed on a current level of the rent rates for both properties and garages which are corresponding with the market one. The Report approved by the Trustees on 30/01/2025 Siarhei Piatkevich, BCT Secretary. Registered Number 02780180 BELARUSIAN CHARITABLE TRUST LIMITED Micro-entity Acc(bunts 31 March 2024 BELARUSIAN CHARITABLE TRUST LIMITED Registered Number 02780180 Micro-entity Balance Sheet as at 31 March 2024 Noie,s 2()24 2()23 Fixed Assets 878,085 985,254 Current Assets 26,513 12,585 Net current assets (liabilities) 12,585 Total assets less current liabilities 904,598 997,839 Total net assets (liabilities) 904,598 997,839 Reserves 904,598 997,839 For the year ending 31 March 2024 the coinpany ￿'aS entitled to exemption under section 477 of the Companies Act 2006 relating to srnall companies. The members have not required the company to obtain an audit in accordance with section 476 of the Coinpanies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared in accordance with the Inicro-entity provisions and delivered in accordancc with thc provisions applicablc to companics subjcct to thc small coinpanics rcgimc. Approved by the Board on 30 January 2025 And signed on their behalfby: Mr. S. Piatkevich, Director BELARUSIAN CHARITABLE TRUST LIMITED Registered Number 02780180 Notes to the Micro-entitv Accounts for the period ended 31 March 2024 Employees 2024 202_1 Average number of employees during the period This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic forrn, authentication and manner of delivery under section 1072 of the Coinpanies Act 2006. CHARITY COMMISSION i Independent examiner's report on the FOR ENGLAND ANO WALES accounts S•eiion A Ind•￿￿dent Examln•e• R•port Report to the trusteesl members of Belarusian Chantable Trust Limited On accounts forthe year ended 31 Decemiw 2024 Charbty no lif any) 1057033 Set out on pages One pa9e I report to the trusiees on my examinatKJn ofthe act￿nts of the at*)ve charty 1.the Trust") for the yearended Re5ponsibilitie$ and basis of report As the tharity's trustees, you are reSp￿SIb￿ for the preparatK•n ofthe accounts In accordance with the reqU1￿ments ofthe Charrtie5 Ad 2011 1.the Acl") I report in respect of my examinatk)n of the Trusfs accounts carri•Y out under section 145 of the 2011 Act an¢J in carying out my examination. I have followed all the applKable DireclKsns given by the Charity Commiss* under sedK>n 14515llbl of the Act. Independent I have completed my examinatk)n. I confim ihat no material maiters have exarninerfs ststement come to my attent￿n In rx)rhnectK)n with the examination which gives me ¢ause to bel*ve that in. any m*erial resFe thè aco)unting records were not kept in accordance with section 130 of the Chanties Acl. or the accounts dNJ not accord with the axounting records., or the accounts dKI noi comply with the appluue reqtAifements concerning the fom and content of accoun15 sei Oilt in the Charities (Accounts and Res￿$) Regulations 2(KJ8 other than any requirement Ihal the accounts gwe a 'true and fair, view which is not a maiter cOnS￿ered as part of an independent examination. I have no con￿M5 and have come across no other rnatters in ¢onnectx)n with the examination to which attention shoukj be drawn in this feport in ordei to enable a proper understsnding of the accounts to be reached. ' Please delete the words in the brackets if they do not apply. . VX4•T/AIJI Signed: Datt- 3010112025 Name: Mr. D. J. Ccrfr Relevant professional qualification{sl or body Irf anyl: Address: Flat 348. Penn Road London N7 9RE IER Oct 2018