THE YEROLEMOU CHARITY TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sf MARCH 2024 Charity Registratiou Number 1104316 Philips Chartered Accountants 1160 High Road London N20 ORA THE YEROLEMOU CHARtTY TRUST. COMPANY INFORMATION AND ADVISORS. Address of Charity 1160 High Roa(L London N20 ORA Registered Office 1160 High Roa London N20 ORA Registered Charity No. 1104J16 Trustees Antonios Yerolemou Barbard Yerolemou Katarzyna Teofilak Rewrting Accountants Philips Chartered Accountants 1160 High Road London N*0 ORA Bankers Cynergy Bank PO Box 17484 87 Chase Side London N14 iWH THE YEROLEMOU CHARtTY TRUST. ANNUAL REPORT OF THE CHARITY TRUSTEES FOR THE YEAR ENDING 31 ST MARCH 2024. The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the Provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accord3nce with the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) (effective l January 2015). Structure, Governance and Management The Yerolemou Charity Trust was CODstituted by Deed of Tn￿t on 7dL March 2003 as a registered charity No. 1104316. Its address is at 1160 High Roa￿ London N20 ORA. The charity tn￿teeS during the year ended 3151 March 2024 were:. Antonios Yerolemou Barbara Yerolemou Katarzyna Teofilak Objectives and Activities The objectives of the charity remain the advancement of education and reltef of financial hardship for people in need, especially the very young and the elderly. The trustees aim to achieve the highest quality of a5SiStance and help within the available budgets. All the charity administration ivork and correspondence is carried out by the t￿￿ees, on a voluntary basis, with no remuneration whatsoever. Public Benefit In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Cornmission's guidance on public benefiL Financial Revlew Grants or donations made during the year ended 31SI March 2024 amounted to £0 (2023: £0). At the year en¢ £63,823 (2023: £63,823) was held in the charity's bank accounts. Aehievements and Perfornianee The charity's funding has primarily b*n provided by the tnlstees. The charity intends to support students and charities with payment of grants. It aIso intsnds to support elderly peTsons with subsistence grants. Approved by the trustees and signed on their behalf by: Chainnan Date: 6-J- knz5 rNDEPENDENT EXAMtNER'S REPORTTO THE TRUSTEES OF TrIE YEROLEMOU CHARITY TRUST. I report on the accounts of the Tnst for the year ended 3 ISI March 2024. which are set out on pages 4 to Respective responsibilities of trustees and examiner. The charity's trustees are responsible for the Preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 201 l Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 201 I ACL to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act): and to state whether particular matters have come to my attention. Basis ofindependent examiner's reporL My examination was caryied out in accordance with the Gen¢rnl Directions given by the Charity Con]missioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presentsd with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide ati the evidence that would be required in an audi¢ and consequently no opinion is given as to whether the accounts present a 'true and fair, vlew and the report is limited to those matters set out in the statement below. Independent examiner's statemenL In connection with my examination. matter has come to my attention: (l) which gives me reasonable cause to believe thaL in any material Tespect the, requirements: to keep accounting records in accordance with section 130 ofthe 2011 ACL and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 201 l Act" have not been met. or (2) to whicty in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. P. K. Soteri Chartered Accountant 1160 High Road London N20 ORA Date: lozs THE YEROLEMOU CHARITY TRUST. STATEMEKf OF FINANCIAL A￿riViT￿s FOR THE YEAR ENDTrJG 31ST MARCH 2024. Restricted income funds Unrestricted funds Totsl 2024 Total 2023 Incoming resources Incoming Tesources from generating funds Voluntary income Gift Aid Activities from generating funds Invesiknent income Incoming resources from charitable activities Other incoming resources Total incoming resources Resources expended Costs of generdting funds Costs of generating voluntary income Fundrnising trading costs Investment management costs Charitable activities Governance ¢osts Other resources expended Total resollr¢¢s expended Net incominyJ(outgoing) resources before transfers Gross transfers between funds Net Incomingl(outgoing) resources before other recognised gainsloosses) Other recognised gains/Oosses) Gains and Iosses on revaluation of fixed assets for the cl)arity's own use Gain5 and losses on investment income Net rnovement in funds Total funds brought forward 63,823 63.823 Totsl funds carried forward 63,823 63.823 THE YEROLEMOU CHARITY TRUST. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 315f MARCH 2024. Restricted income fimds UnrestrÉcted funds Total 2024 Total 2023 Fixed assets Tangible assets Investments Totsl fixed assets Current assets Stock and work in pro Debtors (Short tern)) invesiments Cash at bank and in hand 63.823 63,823 63,823 Total current assets 63.823 63.823 63,823 Creditors.. amounts falling due within one year Net current assets/Oiabillties) Total assets le55 current liabilities 63.823 63,823 Creditors: amounts falling due after one year Provisions for liabitities and charges Funds of the Charity Unrestricted funds Restricted income funds 63,823 63.823 63.823 Total 63.823 63,823 63,823 Approved by the Trustees on: 6_5-2oz5 and signed on their behalf by: THE YEROLEMOU CHARITY TRUST. NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31- MARCH 2024. The principal accounting policies which are adopted in the preparation of the financial statements are set out below: l. Ac¢ounting Policies. 1.1 Basis of accounting The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in aC￿[danCe with the Cl]arities SOIiF (FRS 102) 'Accounting and Reportlng by Charities: Statement of Recon]mended Practi¢¢ applicable to charities preparing their accounts in accordance with the Financial RetK)rting Standard applicable in the UK and Republic of Ereland (FRS 102) (effective l January 2015),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Art 2011. The financial statements have been prepared under the historical Ll)St Conventio￿ as modified by th¢ revaluation of certain 1.2 Change in basis of accounting There has been no change to the accouuting p)licies (valuation rules and methods of accounting) since last year. 1.3 Chang&s to previous accounts No changes have been made to a￿Unts for p￿VIouS years. 1.4 Foreign currencies Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rdtes of exchange prevailing at the accounting date. Transactions in forei￿ currencies are recorded at the date of the trnnsactions. All differences are tsken to the Profit and Loss account. 2. Incoming Resources. Recognition of incoming resources. These are included in the Statement of financiaI Activities (SOFA) when: the charity becomes entitled to the resources. the trust¢es are virtually certain they will receive the res0￿ and the monetary value can be measured with sufficient reliability. tncoming resources with related expenditure. Where incoming resources have related expenditure (as with fundtaising or contract income) the incoming resources and related expenditure are reported gross in the SOFA. Grants and donations. Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. Tax reclaims on donations and gifts. Incoming resources from tax reclaims are included in the SOFA * the same time as the gift to which they relate. TFtE YEROLEMOU CHARITY IRUST. NOTES TO THE ACCOLFKfs FOR THE YEAR ENDING 31ST MARCH 2024. Volunteer help. The value of any voluntary help received is not included in the accounts but is described in the trustees. annual report. Investment income. This is included in the accounts when r￿e1vable. 3. Expenditure and Liabilitie Liability recognition. Liabilities are recognised as soon as there is a legal or COlLStructive obligation committing the charity to pay our resources. GoveTnance costs. Enclude costs of the preparation and examination of the statutory accounts, the cost or tnistee meetings and costs of any legal advice trustees on governance or constitutional matters. Grnnts payable withoirt perfotmance conditions. These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the ￿t which remains in the control of the clwity. Support costs. Support costs Énclude central fimctions and have been allcKated to activity cost categories on a basis consistent with the use of resources, e.g. allocating propety costs by floor areas, or per capit4 staff ¢osts by the time spent and other costs by their usage.