Charity Registration Number : 1092154 Company Registration Number: 04222680
LOVE RUSSIA LIMITED
A COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
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2024-2025 Annual Report
Report[of][ the][Trustees][and][Financial] i i[Statements][for][ the][Year] EndedEnde
LOVE RUSSIA LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 30[JUNE][2025]
| Trustees | J Ball |
|---|---|
| D Bradley | |
| C Doubleday | |
| W Lindsell | |
| K Mair | |
| S Wisbey | |
| C Worland | |
| Charity Number | 1092154 |
| Company Number | 04222680 |
| Registered Office | Manor Farm |
| Church Lane | |
| Nottingham | |
| NG11 0AU | |
| Independent Examiner | Ann Stephens&Company Ltd |
| Allensbank | |
| Providence Hill | |
| Narberth | |
| SA678RF |
Page 1 of 15
Report of the Trustees
The trustees present their annual report, together with the financial statements of Love Russia Limited for the year ended 30 June 2025, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the charity’s trust deed, the Charities Act 2011, the Companies Act 2006, and ‘Accounting and Reporting by Charities: Statement of Recommended Practice’, which is applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2015).
Reference and administrative information set out on page 1 forms part of this report.
Structure and Management
Governing Document
The charity is controlled by its governing document, a deed of trust dated 1 June 2001 and amended 1 July 2004, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and Appointment of New Trustees
The trustees meet quarterly to administer the charity. The management ofthe charity is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of the charity. No trustee held any interest in the company during the year ended 30 June2024.
Trustees identify training needs to carry out the effective governing of reporting back to trustee meetings. the Charity and attend these,
The charity is actively seeking to recruit new trustees through our supporter network.
Our Mission
“Suppose there are brothers and sisters who need clothes and don't have enough to eat. What good is there in saying, "God bless you" If you don't give them the necessities of life?" James 2v 15 & 16
Love Russia is a charity that is committed to improving the lives of orphaned children, +. i %s destitute young people, and adults in crisis, including those with disabilities and learning a . difficulties. Our aim is to provide relief of poverty, suffering and distress by demonstrating eo. practical Christian compassion and, where appropriate, sharing the Christian faith. 1NeNe The trustees confirm that they have complied with the duty in section 17(5) of the 2011 De i Charities Act in that they have referred to the guidance contained in the Charity _. Commission’s general guidance on public benefit when reviewing the charity’s aims and 7 4 objectives and in planning future activities.
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Our Aims
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@ Transforming Lives: Our mission is to transform the lives—both physically and emotionally— of orphans, destitute young people, adults in crisis, and those with learning difficulties or physical disabilities who have suffered due to abandonment, neglect, abuse, poverty, illness, or lack of education.
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e Partnering for Change: We work in effective partnership with Russian Christians to make a meaningful difference to those in need and promote social change within their local communities.
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e Cultural Sensitivity: We are committed to working alongside our Russian partners with compassion and cultural sensitivity, respecting their privacy and needs without judgment.
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e Stewardship of Resources: We ensure every contribution—whether time, money, or goods—is used effectively, demonstrating good stewardship of resources.
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@ Supporter Engagement: We prioritise keeping our supporters informed and updated on our activities and progress wherever possible. We also strive to encourage prayer from UK supporters for their Christian brothers and sisters in Russia.
Our Approach
Prayer is a valuable part of our ministry and it has a powerful impact on all we do. We publish a regular and specific prayer diary and send out alerts for any emergency situation. None of our work would be possible without the steadfast prayer of Love Russia supporters. During the 2024-25 financial year, we continued a regular Zoom prayer group to pray for needy people in Russia, and the nation’s emerging needs during this time of conflict and crisis.
We are dependent on voluntary income and through general donations we are often able to respond quickly whenever a need arises, as well as continue our work helping to tackle the underlying problems experienced by orphans and destitute young people. Regular donors enable us to make longer term plans and commitments.
Organisational Structure
Throughout the financial year 2024-25 Love Russia had 4 staff members (2 part-time, 2 full-time) who deal efficiently with requests for publicity, speaking engagements, donation administration, producing materials for the publications, and who are responsible for the website and developing ideas for fundraising campaigns. The work is fully supported by a team of volunteers enabling translation, interpretation, proofreading and newsletter mail outs.
During the financial year, one part-time staff member resigned and was replaced by a new part-time staff member two months later.
Management ensures legal compliance in all aspects of the charity’s registration and work practices.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees keep this process under regular review. Travel, safeguarding, and office safety policies are all current.
-
The primary risks arise from the geopolitical climate, leading to the following challenges: e Areduction in donations, impacting the charity’s ability to maintain expenditure and uphold its reserves policy.
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e Uncertainty caused by foreign exchange rate fluctuations and inflation in Russia, affecting the cost of projects.
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@ The potential for fraud, including the misuse or misdirection of assets due to inadequate financial controls or dishonesty in Russia.
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@ The potential reluctance of UK organisations, particularly in the banking industry, to support the charity’s operations due to concerns about working in Russia and the associated risks, which may fall outside their risk appetite.
These risks are regularly monitored, and appropriate measures are taken to address them when necessary. This include remaining aware of, and compliant with government sanctions upon Russian individuals or entities.
During the 2024-25 financial year, significant risks materialised when the charity’s main bank gave 60 days’ notice of the closure of its account. This posed a serious threat to the charity’s entire work. The bank did not provide any form of switching service, which meant that over 250 regular donations to the charity could have ceased overnight. Thanks to the hard work of the staff team and the trustees, a new bank account was secured, and over 70% of regular donations were retained. The trustees continue to explore the opening of additional bank accounts to mitigate risk in the future.
Reserves Policy
The main purpose of our reserves is to meet our statutory and contractual liabilities, and the trustees continue to review the appropriate level of reserves required annually. In practice this means ring-fencing at least 3 months of UK running costs, and aiming to have 3 months worth of project costs available.
Financial Structure
The projects and designated funding streams are categorised as follows:
-
Support groups
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Crisis centres
-
Empowering people with disabilities
-
Transition homes
-
Legacy Lodge
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Volkhov building project
-
Medical fund
Charitable Activities
Currently, our primary services include:
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e Partnering with Russian Christians to bring practical help, love, and hope to those in desperate need in their communities in western Russia.
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@ Supporting and caring for those raised in the orphanage system, with a particular focus on caring for orphanage leavers who have become mothers and are living in poverty.
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e Providing support to two Christian-led crisis centres: one for men, and one for women and children. These centres assist destitute mothers (often orphans), recovering addicts, victims of domestic violence, and their children.
-
© Offering support to children and young people from disadvantaged backgrounds through a youth group, events, and a workshop for those with disabilities.
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e Supplying essential equipment such as clothing, beds, showers, toilets, and mobility aids to those in need.
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e Offering emergency funding for essential medical treatments when individuals cannot afford them.
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% LOVERUSSIA.ORG
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@ Supporting a Soup Kitchen providing basic food needs to vulnerable adults.
Love Russia works closely with all projects and strong relationships are built up over time since the early 1990’s with regular country visits. The regular monitoring trips have not been taking place since recently due to instability in the region with the war in Ukraine. There is weekly contact with partners, including regular Zoom meetings take place with partners to receive project updates and to ensure project updates are still being met. It remains an aspiration of the charity to restart incountry visits as soon as it is safe to do so.
There is more information on our website at www www.facebook.com/LRCharity. .loverussia.org and on our Facebook page at
Support Groups
There are currently 7 community-based support groups, run by trusted Russian Christians. These benefit orphanage graduates, orphan mums and young people from impoverished homes. These groups vary but aim to provide emotional, financial and life skills support.
Two ofthe groups support orphan mothers, who receive a monthly bursary of 3,000 to 4,000 roubles throughout the year. Additional funding has been provided for mothers wishing to enrol their children in extra-curricular activities. This aims to increase the variety of events the children from these groups can attend, helping to minimise any disadvantages they may face compared to their peers. Individuals in these groups are also able to request emergency funding should they face medical treatment they cannot afford to pay for.
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Another of these groups, known as ‘Open Hearts Youth Group’ continued to be — + =6—hlrh
supported during the 2024-25 financial year. The aim of this group is to >t ‘“O“ié‘“‘“‘OCS;sCi(CiSM!
support children and young people from impoverished backgrounds and/or r a 2s
those with parents who are addicts. It provides life-skills, emotional | — 2) : ime . |
support, food and fun as well as being a safe space to share with a trusted iSl we eer
adult. | : ¢oe oo os. Se ee | I he nig
One i 2a” YO
of these projects supported children still living in an orphanage, and aeed ge
another supported young people living in a residential college. These ‘s Gey——
projects both provide fun relief from the environment of their institutions ee hrté<CS~SP
and provide essential relationships with adults living in the community. <7 ~ -
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These seven groups supported approximately 27 women, three men, and 91 children and young people.
Crisis Centres
Part of Love Russia’s aim is to prevent more children being needlessly placed into orphanages when vulnerable mums begin to struggle with various issues including poverty, addictions, and domestic violence.
As part of our aim to preserve struggling families, we support the running costs of the Women’s Crisis Centre in Volkhov, a large, industrialised city in the north of the country.
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LOVERUSSIA.ORG
wr o. —= ‘Pee| In 2024-25, we continued supporting the Men’s Crisis Centre, a
fl 2.) l = ae project in need of development and support, on the same site as
, 3 © Ah sy ere the Women’s Crisis Centre. This provides emergency refuge to
oe Re | men facing homelessness as well as long-term rehabilitation for
. fC
= P ay, men battling addictions.
The two crisis centres provided refuge to around 20 men, 20 women and 30 children at any one time
in the 2024-25 financial year.
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Empowering People with Disabilities
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— —
We continued to support a project for young people with disabilities in Moscow. This SS
rare facility provides 11 people with a vocational education, the chance to socialise C & 4
and receive the love and care of the partner who runs the project. Love Russia’s = ae
support enables the young people, who live in poverty, the chance to have a hot meal ; yy L i .
while they are at the centre. Love Russia’s partner who has run this project for 30 se | Ce
years decided to retire at the end of financial year. Her work is being taken on by a - Ta Po
local charity who will continue to support those who have benefitted from the a in ~~.
workshop for so many years. Love Russia is extremely grateful both to their partner i | ee
who has kept this work going for so many years, as well as to the local charity who will _ i —-
keep it going into the future. aea
Transition Homes
We also supported the running of one transition home. The rents in this home are significantly
subsidised for young people who cannot afford typical rent rates due to surviving on such low
incomes. During the course of the financial year, it became apparent that needs of young people in
the area of the transition home have changed significantly. Therefore, support for this home was
terminated at the end ofJanuary [2025.]
a ee Leeacy Lodge
Lo a Js:
ee a During 2024-25, Love Russia continued developing yO id
eee)a(fessoea ie a Open Hearts Youth Group. This 24/7 refuge will support lL on oF I
hraeSS81. poverty, providinglocal young people care, facing guidance, abuse, parental and practical addiction, or joua ioe | Nsa
i kesi resources. Love Russia committed to funding the 2 Sal Os age z
ee = op i construction of the centre in July 2023, with an initial a ye oF
ee ty Hi fundraiser raising almost £32,000. Due to challenges eeeoe|
et rere a with the Russian economy, and the increased cost of 7 Le
oe|8 both materials and labour, the build is still ongoing. ee
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One-Off Projects
We continue to support one-off projects as and when needs arise, in particular:
- Medical needs 2. Building projects (including furnishings for buildings)
#% LOVERUSSIA.ORG
Medical Fund
Throughout the financial year we have responded to numerous medical needs for vulnerable people who are unable to afford lifesaving medical care. Over £10,000 was spent on emergency medical care, including life-saving heart surgery for a one-year-old at the Women’s Crisis Centre, hernia surgery for a young boy, and cancer treatment for an adolescent. Additionally, ongoing medical care was funded for vulnerable orphan mums.
Overseas Expenditure
Money transfer processes bear risks, and we have taken appropriate steps to manage these. We have risk assessed the processes used to transfer money and have checked that we are fully legally compliant in all aspects. Monies are transferred within regular bank systems and through cash couriers, money service business, online payments. We have a full record of how much was transferred through each system.
We monitor oversees expenditure by requesting quotes for work and Love Russia then monitors the expenditure through collection of receipts, photographic evidence and personal visits when the work can be inspected.
Impact of the Invasion of Ukraine
Since 24" February 2022, Russia’s invasion of Ukraine has had a significant impact on the operational activities of the charity. Due to safety risks and FCDO advice not to travel to Russia, monitoring trips have continued to be on hold. Despite this, contact with Russian partners has been maintained through regular Zoom meetings
The war in Ukraine, combined with the cost-of-living crisis in the UK, has significantly impacted the charity’s fundraising efforts. To navigate these challenges, increased efforts are being made to raise awareness of the hardships faced by ordinary Russians, who are struggling more than ever due to rising living costs, loss of business, and the pressures they face given the current wider situation. The charity has also worked on reminding Christians in the UK that we are “all one in Christ’, which includes brothers and sisters in Russia. At the same time, the charity is sensitive to the ongoing situation in Ukraine, ensuring that all publicity and fundraising efforts are handled with care and respect for those affected by the conflict.
Furthermore, the war in Ukraine has had a significant impact on the 2024-25 accounts. Cash couriers have not been able to be utilized as much during this whole financial year and alternative methods were found.
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We aim to continue alleviating poverty, suffering, and distress by el
demonstrating practical Christian compassion and, where appropriate, .
sharing the Christian faith through projects that benefit vulnerable rae |
orphanage leavers, destitute young people, and families in crisis. Additionally, et es
we remain hopeful about expanding our work in Russia and committing to ra a Le “Wa
new projects, including a soup kitchen project. Ey(eae:
Financial Review yy << .
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Reserves Policy
It is the policy of the charitable company that unrestricted funds, which have not been designated for specific use, should be maintained at a level equivalent to approximately three months of
LOVERUSSIA.ORG
essential expenditure, including all ‘Caring for People in Russia’ project costs. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding or adverse movements in exchange rates, they will be able to continue the charitable company’s current activities while consideration is given to ways in which additional funds may be raised.
It should be noted that at the end of the financial year, there were over £85,000 in the charity’s main current account, as well as reserves and savings accounts. This means that some of the funds held would not be protected by the FSCS should the bank fail. The trustees deemed the risk to be low but are doing their best to open new bank accounts to reduce risk. However, due to the current climate—both Russia’s unfavourable reputation due to the war in Ukraine and the economic situation in the UK leading to lower risk appetites—many banking applications have been rejected. The trustees will continue to work to protect and preserve the charity’s resources.
Statement of Trustees Responsibilities
The charity trustees, who are also the directors for the purpose of Company Law, are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and regulations.
Company law requires the charity trustees to prepare financial statements for each financial year. Under that law the charity trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the charity trustees must not approve the financial statements unless they are satisfied that they give a true and fair viewofthe state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing the financial statements the trustees are required to:
- e select suitable accounting policies and then apply them consistently; @ observe the methods and principles in the Charities SORP; @ make judgements and estimates that are reasonable and prudent; ® prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose, with reasonable accuracy at any time, the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities,
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees would like to express their gratitude to all our supporters and donors, and their deep appreciation to all our staff, volunteers, supporters and partner organisations for their commitment and contribution to the vision and values of Love Russia. We continue to trust the Lord as we move forward in faith.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
.
ss
LOVERUSSIA.ORG
Approved by order of the board of trustees on 2i[3 [26 and signed on its behalf by:-
onus fs+sess20e. Simon. Wishey (Secretary). C
/
|
LOVE RUSSIA LIMITED
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 JUNE 2025
Independent Examiner's Report to the Trustees of Love Russia Limited
I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 30 June 2025 which consists of the statement of financial activities, balance sheet and the related notes
Responsibilities and basis of report
As the charity’s trustees you are responsible for the Preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act')
I report in respect of my examination of the charity's accounts carried out under section 145 of the 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 Examiner's Statement
The charity’s gross income exceeded £250,000 and | am qualified to undertake the examination by being a qualified member of ICAEW
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: « the accounting records were not kept in accordance with section 130 of the Charities Act; or ¢ the accounts did not accord with the accounting records; or
¢ 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. * | 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.
Name: Jay York for and on behalf of Ann Stephens & Company Ltd
Date: 23 March 2026
Page 7 of 15
LOVE RUSSIA LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Recommended|categories|by|Unrestricted|funds|Total|Funds|2025|_—‘Total|Funds|2024|
|activity|Notes|£|£|£|
|Income|and|endowments|from:|
|Donations|and|legacies|2|381,544|381,544|346,915|
|Other trading|activities|3|147|147|284|
|Investments|4|3,598|3,598|2,989|
|Total|385,289|385,289|350,188|
|Expenditure|on:|
|Raising|funds|5|89,798|89,798|61,063|
|Charitable|activities|6|270,905|270,905|271,241|
|Other|7|509|509|444|
|Total|361,211|361,211|332,748|
|Net|income|24,078|24,078|17,440|
|Net movement|in|funds|24,078|24,078|17,440|
|Reconciliation|of|funds:|
|Total|funds|brought|forward|258,547|258,547|241,106|
|Total|funds|carried forward|282,625|282,625|258,546|
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Page 8 of 15
LOVE RUSSIA LIMITED
BALANCE SHEET
FOR THE YEAR ENDED 30 JUNE 2025
| Recommended categories by activity |
Notes | Total Funds 2025 £ |
Total Funds 2024 £ |
|---|---|---|---|
| Fixed assets | |||
| Tangible assets | 10 | 739 | 647 |
| Total fixed assets | 739 | 647 | |
| Current assets | |||
| Stocks | 589 | 2,197 | |
| Debtors | 11 | 16,191 | 10,584 |
| Cash atbank and in hand | 12 | 271,107 | 251,451 |
| Total current assets | 287,887 | 264,232 | |
| Creditors: amounts falling duewithin one year |
13 | 6,002 | 6,332 |
| Netcurrentassets/(liabilities) | 281,885 | 257,900 | |
| Total net assets | 282,624 | 258,547 | |
| Funds of the Charity | |||
| Unrestricted funds | 282,625 | 258,547 | |
| Restricted funds | - | ||
| = | |||
| Endowment funds | 7 | ||
| - | |||
| Totalfunds | 282,625 | 258,547 |
For the year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been Prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 21 March 2026 and signed on its behalf by:
S Wisbey Trustee
Date : 21 March 2026
Page 9 of 15
LOVE RUSSIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 2011.102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
1.4 Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
1.5 Other trading income
Other trading income from non-charitable sources is recognised over the period to which it relates, Any relating to future periods is deferred.
1.6 Expenditure
Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered.
Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members.
Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.
All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.
Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity.
1.7 Pensions
The Charity makes contributions to defined contribution pension schemes through auto enrolment. These contributions are charged to the income and expenditure account in the year in which they become payable.
Page 10 of 15
1.8 Fund accounting
Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.
1.9 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. There are no estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities,
1.10 Tangible fixed assets
Tangible fixed assets, such as land and buildings, plant, vehicles and equipment, are held to provide an on-going economic benefit to a charity through their contribution, directly or indirectly, to the provision of goods or services by the charity. Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Name Rate (%) Method Equipment 25% Straight line on cost
1.11 Stocks and work in progress
Stocks held for sale as part of non-charitable trade are measured at the lower cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.
1.12 Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
1.13 Current asset investments
The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment Purposes rather than to meet short term cash commitments as they fall due.
| 2. Income from Donations and Legacies | 2. Income from Donations and Legacies | |
|---|---|---|
| Analysis | Unrestrictedfunds Total funds 2025 |
Totalfunds2024 |
| £ £ |
£ | |
| Donation and gifts GiftAid Legacies Total |
222,496 222,496 211,659 30,606 30,606 32,148 128,442 128,442 103,108 eS 381,544 381,544 346,915 oo — |
|
| 3. Income from OtherTrading Activities | ||
| Analysis | Unrestricted funds Totalfunds2025 |
Total funds2024 |
| Shop income Total |
£ £ £ 147 147 284 eee 147 147 284 |
|
| eee |
Page 11 of 15
4. Income from Investments
| Analysis | Unrestricted funds | Totalfunds2025 | Totalfunds2024 |
|---|---|---|---|
| Interest income Total |
£ £ £ 3,598 3,598 2,989 8 3,598 3,598 2,989 oo |
||
| 5. Expenditure on Raising Funds | |||
| Analysis | Unrestricted funds | Totalfunds2025 | Totalfunds2024 |
| Staging fundraising events Advertising, marketing, directmail and publicity |
£ 37 14,225 |
£ 37 14,225 |
£ 503 . |
| Othertrading activities Staffcosts Total SupportCosts |
717 32,874 47,853 41,945 = |
717 32,874 47,853 41,945 |
8 33,314 33,825 27,238 |
| 89,798 89,798 ey |
61,063 | ||
| 6. Expenditure on Charitable Activities | |||
| Analysis | Unrestricted funds | Totalfunds2025 | Totalfunds2024 |
| Bank charges Grants paid Ghavitymanagement& administration |
£ 2,348 200,898 5,291 |
£ 2,348 200,898 5,291 |
£ 1,924 166,779 7,706 |
| Charityrunning cost Cost of services |
17,829 | 17,829 | 23,140 |
| Employee costs Donations Advertising and marketing Total Support Costs |
- - 9,001 28,107 28,107 27,736 345 345 722 - - 4,991 254,818 254,818 241,999 16,087 16,087 29,242 OE |
||
| 270,905 270,905 271,241 EE |
|||
| 7. Other Expenditure | |||
| Analysis | Unrestricted funds | Total funds 2025 | Total funds 2024 |
| Depreciation Charge for the Year - | £ | £ | £ |
| Computer Equipment | 509 | 509 | 4 44 |
| Total | mcrae 509 509 444 ed |
Page 12 of 15
8. Employee’s Emoluments
8.1 Staff Costs
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----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|This|year|_Last|year|
|£|£|
|Salaries|and|wages|102,944|107,643|
|Social|security costs|5,548|5,058|
|Pension|costs|(defined|contribution|scheme)|2,415|2,512|
|Other|employee|benefits|
|Total|staff costs|110,907|115,213|
----- End of picture text -----
yearNo employeesof more thanreceived£60,000employee benefits (excluding employer pension costs) for the reporting period or the prior
8.2 Average head count in the year
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----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|This|year|Last|year|
|£|£|
|Fundraising|1|1|
|The|parts|of the|charityain|which.|the|employees|ActivitiesCharitable|1|1|
|work|Governance|
|Other|2|2|
|Total|4|4|
----- End of picture text -----
9. Analysis of Grants Paid
9.1 This Year
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----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Analysis|oneanits|id|Srants to|Total|
|institutions|individuals|
|£|
|Caring|for vulnerable people|in|Russia|173,323|27,920|201,243|
|Total|173,323|27,920|201,243|
|9.2|Last|Year|
|Analysis|Grants|to|institutions|Grants to|individuals|Total|
|£|
|Caring|for|vulnerable|people|
|in|Russia|139,768|27,733|
|Total|139,768|27,733|167,501|
----- End of picture text -----
Page 13 of 15
10. Tangible Fixed Assets
| Computer | ||
|---|---|---|
| Equipment | ||
| £ | ||
| 10.1 Cost or valuation | . | |
| At01July2024 | 15,699 | |
| Additions | ||
| = | ||
| Disposals | ||
| : | ||
| Revaluations | ||
| = | ||
| Transfers | ||
| - | ||
| At30June 2025 | 15,699 | |
| 10.2 Depreciation and impairments | ||
| At01July2024 | 14,960 | |
| Charge for the year | ||
| : | ||
| Disposals | ||
| - | ||
| Revaluations | ||
| - | ||
| Transfers | ||
| - | ||
| At30June 2025 | 14,960 | |
| 10.3 Net book value | ||
| At01July2024 | 739 | |
| At30June 2025 | 739 | |
| 11. Debtors: Amounts | falling due within one year | |
| Analysis ofDebtors | Total funds 2025 | Totalfunds2024 |
| Prepayments &accrued income Trade debtors Other debtors Total |
£ 13,790 463 1,938 16,191 |
£ 6,842 122 3,620 10,584 |
| 12. Cash at bank and in hand | ||
| Analysis | Totalfunds 2025 | Totalfunds2024 |
| Short term deposits Cash atbank and inhand Total |
£ 164,772 106,335 271,107 |
£ 138,068 113,383 251,451 |
Page 14 of 15