TH YEROLEIVIOU C us FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sr MARCH 2023 Charity Registrtstion Number 1104316 Phtlips Chartered Accountants 1160 High Road London N20 ORA YEROLEMOU CHARtTY TRUST. COMPANY INFORMATION AND ADVISORS. Address of Charity 1160 High Roa4 London N20 ORA Registered Offi 1160 High Roa London N20 OIL4 Regist¢red Charity No. 1104316 Tntst¢es Antontos Yerolemou Barbara Yerolemou Karawna Teofil81( Reporting Accovntallts Philips Chartered Accountants 1160 High Road London N20 OL4 Bankers Cynergy Bank PO Box 17484 87 ch￿ Side London N14 5WH THE YEROLEMOU CK4RtTY TRUST. AKNUAL REPORT OF THE CHARJTY TRUSTEES FOR THE YEAR END￿G 3 1ST MARCH 2023. The trustees present their report with the fmanci81 statements ofthe charity for the yearended 31 March 2023. The tn￿te¢S have adopted the Provisions ofAccouniing and Reporting by Charities.. Statement of RecomEnended Practice applicable to charities preparing their accounts ill ac¢ordan¢e with the Fintncial Reporttng Standard applicable in the UK and Republic of Irel￿d (FRS 102) (effective l January 2015). Structure, Governgnce and Management The Yerolemou Chariry T[￿t w&8 constituted by Deed of Tn￿t on 7th March 2003 as a registered charity No. 1104316. Its address is at 1160 High Road. London N20 ORA. The charity trwees during the year ended 31sr Mar¢h 2023 were:. Antonios Yeroletnou Barbara Yerolernou Karar2yn2 Teofilak Objectives and Actlvlties The objectives of the chartty remain the advatt¢ement of edu¢ation and relief of finaneieI hardship for people in ne¢4 especially th¢ very young and the elderly. The trustees aim to achieve the highest quality of assistance and help within the available budgets. All the charity &dminisrration work 8JJd corre5P)Ddence is carried out by th¢ tTU5tees. on a volunt¥ b&si5, with no rernuneratioll whatso¢ver. Publi¢ Belleflt In shapiog our objectives forthe year andplanning our activitie4 the trustees have considered the Ch8Tity Conunjssjon's guidance on public benefit. Finanethl Revifflw Grants or donations made during theyear ended 314t March 2023 amounted to £0 (2022: £3&326). At the year end, £63,823 (2022: £63,823) w&s held in the charity's bank accounts. A¢bievements and Perforn￿llee The charity's fi]nding has primarily been provided by the trLLgtees. The charity intend5 to support students and charities with paym¢nt ofgrants. It also intends to support elderly persons with subsistence grants. Approved by the tnwees and signed on their behelf by: Chairn)an Date: 3- )- IDI5 INDEPENDENT EXAMtNER'S REPORT TO IHE TRUSTEES OF THE YEROLEMOU CHARITY TRUST. I r¢port on the accounts of the TnLSt for the y¢ar ended 3 1st March 2023. which are s¢t out on pages 4 to Respe¢dve rfsponsibilitffies of trustees and examlner. The ch&?ty's tr￿tee$ are responsible for the prepardtion of the a¢¢ounts. The charity'5 tTLLStees consider that an audit is not required forthis year (under sec2ion 144(2) of the Charities Act 2011 (the 2011 Act) and thatan tndependeJ)l examination is needed. It is my responsibility to: examine the acc(iunts under section 145 of the 2011 Aa. to follow the procedures laid dowTr in the General Directions given by the Charity Cornmissioners (uuder section 145{5){b) ofthe 2011 A¢t)' and to state whether particutar matters have come to my attention. Basts of Independent examlner's reporL My examination was (￿rIed in ac¢ordanc¢ with the General Directio￿$ given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Ch￿ity and a o)rnparison of the &counts presented with th05e records. It aiso includes consideration of any unusual items or disclos￿ in the account& and seeking explanations frotn you as tnJst¢es conceming any such matters. The pri)¢edures undertak'en do not provlde aIl the evidence that woutd be required in an audit, and consequently no opinion És given &$ to whether the accounts pres¢nl a'tThe and fatr. view and the report is limited to those matters set out it] the Statement below. Independellt examiner's ststemeryL In ¢onnection with my examination, no matterhas ￿rne to rny attention: (l) which gives me reasonable cause to beli¢ve tha4 in any tnat¢Tial respect th< requirements: to keep accounting records in accordan￿ with Stttion 130 ofthe 201 I Ac4 and to prepaEE accounts which ac¢ord with the accounting re¢ords aud comply with the 8CCOUrtitig requirements of the 2011 Act. have not been met" or {2) to Whic￿ in my Opinio￿ attention should be dlawn in orderto wjable a proper understandtng of the a￿OUnts to be re￿hed. . P. K Soteri Chartered Accountant 1160 High Road Londott N20 ORA Date: - J- IDI5 THE YEROLEMOU CHARtTY TRUST. STATEMENT OF FINANCtAL ACTIVITIES FOR THE YEAR ENDING 3 1ST MARCH 2023. Restricted income fund5 UDrestricted funds Total 2023 TotaI 2022 Illcomlng resources In￿rnIng resources from generating fullts Voluntary income Gift Aid Activities from generdting fund8 Jnvestsnent iiicome Incoming resources from Ch￿￿table activities Other incoming r&sources 25.000 Total Ill￿￿{ng resources Resources expended Costs of generating funds Costs of generating voluntary in¢ome Fundtaising trdding costs Invesknent management costs Charitsble arttvities Govemanc¢ costs Other resoLwces expended Totsl re50urce8 expellded 38J26 1.087 39.413 Net inwning(041tgoing) resources before transfers Gross tra￿fe[S between funds (14,413) Net ineomi4g/{outgolng) resources before other recognised gains/(105sos) (14.413) Other reeognised galns/(losses) Gain5 and losses on revaluation of fixed assets forthe Charity's own use Gatns and losses OD invesknent income Net movement tn f(7nds Totsl funds brought fonvard Totsl thnds carried forward 03.823 (14,413) 78236 03,823 63,823 THE YEROLEMOU CHARITY IRUST. STATEMENf OF FINANCIAL ACTEVITIES FOR THE YEAR ENDING 3 Isf MARCH 2023. Restricted incorne funds Unrestricted funds Total 2023 TotaI 2022 Flxed assets TanEible &%sets Invesknents Totsl r￿ed assets Current ￿Sets Stock work in prO￿S Debtors (Shon terni) investsnents Cash at bank and in hand 63,823 63.823 Tot*1 current 455¢ts 63.823 63,823 63.823 63.823 Creditors: amounts falling due within one year Net c￿rrent assetsl(Ilabiliti&5) Total asset5 less current liabilities 63,823 63,823 63.823 Creditots: amounts falling du¢ after one year Provisions for liabilities aud ¢harges Funds of the Charity Unrestii¢ted funds Restricted income funds Totsl 63,823 63,823 63,823 63.823 63.823 63.823 Approved by the Tnjstees on." 3_J_2025 at]d signed on their behalf by: THE YEROLEMOU CIL4RJTY TRUST. NOTES TO THE ACCOUNTS FOR YEAR ENDNG 3 1st MARCH 2023. The principal accounting ox)licies which are ath)pted in the prepaydtion of th financial statements are set out below: l. Accounting Polieles. 1.1 Basis of ac¢tsuDtiDg The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordan¢e with th¢ Charities SORP (FRS 102)'A¢counting and Reporting by Chatities.- Statement of R￿ornmend￿ Prdctice appjicable to charities prepaTing their ac¢ounts in accordance with the FtnanciaI Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l JarLUary 2015),. Financiai Reporting Standard 102'Th¢ Financiat Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financAaI statements Irdve been PTepared under the historicai cost conventioJ4 as modified by the revaIuation of Certain assets. l.2 Change frtt b951$ of accountillg There has been no change to the accounting policies (valuation rules and methods of accounting) since year. IJ Changes to previous aceoullts No ¢kanges have been made to accounts for Previo￿ years. 1.4 Foreign eurreDcl&8 Monetary assets and li&bilities denominated in foreign currencies are trarJ51ated into sterling at the rates of exchange prevailing at the accounting dat¢. Transa¢tions in fo￿lsn ¢urretJcie5 are recorded at the date ofthe transactions. All differenc¢s are taken to the Profit and Loss &¢count. I Incoming Resour¢ Re￿￿)ItiOn of in¢oming resources. These are included in the Statement of financial Activities (SOFA) when: the charity becomes entitled to the resour¢es' the trustees are virtuaily certain they will receive the resources. and the monetary v￿ue ¢an be mwsured with sufficient reliability. Incoming reso(wces with related expenditure. Where incoming resources have related expenditure (as with fimdraising or ¢on(wt income) the incoming r¢source5 and related expenditure are reported gross in the SOFA. Grants and donations. Grants and donations aTr only included in the SOFA when the charity has unconditiorjal entiiiement to the resoLtrces. Tax reclaims on donations and gifts. l1)¢oming resour￿ from tax reolaims ar¢ included in the SOFA at the same time as the gtft to whtch they relate. THE YEROLEMOU CHARITY TRUST. NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 3 IsfhL4RCH 2023. Volunteer help. The value of any voluntsy help received is not included in the ac¢ounts but is describ￿ in the 1ru5tees' annual reporL Inve5thent incon2e. This is included in the accounts when receivable. 3. Expendlture 2nd Liabilities. Liability re¢ognttion. Liabilities are recO￿lsed as soon as there is a legal or ¢oLstructtYe obligation wnmiitting the charity to pay our resources. Governan¢e costs. Include costs of the preparation and examination of the sraturory ac¢ounts. the cost or truslee Ineetings and costs of any lega] advice tnLStees on govenwice OT constitutional matteTS. Grants payable Hithout perfonnance conditions. These ￿e only reco￿lIsed in the accounts when a commitment ￿ been made and there are no condition5 to be met relating to the grant which remains in the control of the chwity. Support costs. Support costs include c¢ntral functions aod hav¢ been allocaied to activity cost categories on a basis consistent with the use of r¢50urees. e.g. alloeating propety costs by floor 8r¢as. orper capity stsff by the t1￿ spent and other costs by their usage.