## **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 Secretary/Treasurer, Mr. V. Evdokimov trustee, Mr. J. Jaswilowicz, trustee, Mr. A. Kasijiak, trustee, Mr. I. Labacevic, trustee Trustees Annual Report For 2024/2025 Financial Year (Prepared in accordance with the Charity Commission guidance) ## _Activities and objectives_ : According to the requirements of section 4 of the Companies Act 2006 and Memorandum of the Trust the Trustees of the Belarusian Charitable Trust fulfilled charitable objectives 1). "The relief of poverty and need in general and in particular poverty and need amongst persons resident in Great Britain of Belarusian descendants; 2). The furtherance of education in general and particularly by instruction in the Belarusian language and culture; and 3). The furtherance of religion for the public benefits through allocation of grants and support of notfor-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. By fulfilling above objectives Trustees were guided by the following principles of decision-making process: act properly, within trustees’ power and charity law, comply with trustee’s duties, manage risks of the Trust’s assets. To approve/reject applications, Trustees have several face-to-face meetings on 23.11.2024, 29.01.2025, 30.03.2025 and all discussions outside meetings were carried out by emails and phone calls. ## _Achievements and performance_ : There are two main sources of income, namely: company’s properties and investments. BCT continues to benefit from renting out company’s properties with income stabilised at annual level of over £40K. In accordance with the BCT short-to- medium term strategy for the expansion of the charitable activity but strictly within three objectives, Trustees were very selective in choosing projects for the public benefit. As consequences of the chosen approach, the Trust’s financial support was accurate and transparent in execution of transactions. So, in 2024/2025 FY, the charitable support has been approved by the Trustees for the total amount of over £35K. Trustee’s careful and grounded decisions were successfully converted in high quality projects with following principal examples: a). support of the F. Skaryna Belarusian Library and Museum to create a permanent professional physical and digital platform to promote the history and heritage of Belarusian culture and identity; b). publication of the books dedicated to Belarusian history due to high demand from the public; c). annual awards to young writers and scientists selected by professional committee for the best essay, poem, scientific paper. It should be noted that Trust has no “People with Significant Control”, no debt and there were no funds held in custody. For the year ending 31 March 2025, 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 2024/2025 FY:_ External examiner report has been prepared by Mr. D. J. Corr who is highly qualified professional with University Degree, currently employed by international corporation (USA) 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 31.03.2025 are in order. For both Community and Donation accounts the balance in April 2024, calculation of income and expenditure during reporting period is matched with the balance in April 2025 and amount of cash in hands. The data from the “Rathbone Investment Management” Tax Report for the period 06 April 2024 to 05 April 2025, 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:_ It was a positive time for global markets thanks to announcing USA-EU trade deal although UK inflation remains high with food prices climbing and the labour market is cooling with unemployment rising to shy of 5%. There is speculation over possible tax rises in coming period as weak growth and higher borrowing costs make fiscal targets harder to reach. The FTSE 100 rose to a new high as investors brushed aside trade war concerns. Asian equities rallied and Asian markets also benefited from a broader rotation of money away from US assets. Gold also hit a record high, driven by the Fed’s rate cut and demand for safe-haven assets amid global uncertainty. Taking into consideration BCT’s charitable objectives and long-term strategy and with respect to the latest market tendencies mentioned 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 and public benefit for a short-to-medium risk tolerance portfolio with a long time horizon which aim over time to achieve returns above the rate of inflation. Trustees also approved accounts for 2024/2025FY and agreed on the current level of the rent rates for both properties and garages which are in line with the market one. The Report approved by the Trustees on AGM 25/01/2026 Siarhei Piatkevich, BCT Secretary. Registered Number 02780180 BELARUSIAN CHARITABLE TRUST LIMITED Micro-entity Acc(bunts 31 March 2025 BELARUSIAN CHARITABLE TRUST LIMITED Registered Number 02780180 Micro-entity Balance Sheet as at 31 March 2025 Noie,s 2()25 2()24 Fixed Assets 855,640 878,085 Current Assets 38,554 26,513 Net current assets (liabilities) 26,513 Total assets less current liabilities 894,194 904,598 Total net assets (liabilities) 894,194 904,598 Reserves 894,194 904,598 For the year ending 31 March 2025 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 December 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 2025 Employees 2025 2024 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 Independent examinerfs report on the FOR ENGLAND WALES accounts Ind•p•nd•nt Examlrwe* R•r mernberJ of Bel¥u5w Chamable Trusi Lrn On accounts forth• y¢•r tnded 31 (krerrthr 2025 I Charity no 10S71)33 Set othon pages e p¥JÈ chatty I"Ihe TrU￿Tr for kneyear e￿ed Respor*sibiliiies basis ol report As ￿￿than￿'S ￿Slee5. you we re¥￿$￿e fu the wepar*w dthe ￿t￿nIs In r4vir￿￿ts￿ttÈcha￿rttS Act2011 I iepm In re5peLt ol nty ) 145 oftt* 2011 Act In L3ryir4 wi my exwnmatvi. I have Wlowed all the apytsble D￿e¢r￿n$ ghven ty the Chaiity CorrirM55 urLaer seciion I4S1511bl ol A IndepeTrdent I have my I confitm th*Th) male[￿1 matters h examiner's 5tstement CLXtE 10 my all￿￿On In ¢onnect¥Jn wlh tThe examfftatw gves n ¢avse to beiw¥e that In any materol respe the *COuTrtsn9 ieE(th *re krf* 130 ol the Chant*s A¢t. e aLwunts dAI the￿(￿nIng RLxYds. Or e ￿te￿nplY Tequffements concerniry Ihe&ym and contsnl of xcowisset c￿1 Charth5 IA¢cowls ano Rep￿5> Regulat￿￿5 2(M)8 Otherth￿ ¥y rffjurferrwi xcwnts give a tri* and f*r' whth ￿ nrA a mattel with Ibe examinat￿rn to atien1￿ll should be drawn in report order tr) a pt+Jpet UTh1er5rarK1irwJ ￿ trt axounts 10 re text%d . Heas8 delete rfve IhBiw8tstrels Iflhey(k> noiamfy Date.. I￿12r2025 Signed.. N•me'. MrDJCtyr Relevart prole$sional qualifKalionlsl or lil any).. Addre5$." Flal 34B R￿j N7 9RE IER Oct 2018