CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From Period start date 01109123 Period end date 31108124 Charity name: Cambridge Russian School Charity ragistration number: 1121075 Objectives and Activities SORP reference Summary of the purposes of the charity as set out in its governing document Para 1.17 To advance public education in the Russian language and culture. To support the education of pupils at Cambridge Russian School by providing, or assisting in the provision of, educational facilities and resources. Summary of the main activities in relation to those purposes for the public benefit. in particular, the activities, projects or service5 identified in the accounts. Para 1.17 and 1.19 Summary of the Main Activities The acadernic year 2023-2024 was a highly successful and eventful year for Cambridge Russian School, marking our 25th anniversary as one of the oldest Russian schools in the UK. Our students achieved outstanding academic results, particularly in the Russian GCSE exams, with three pupils earning Grade 8 and Iwelve achieving the highest Grade 9. Throughout the year, the school continued to offer a broad and enriching curriculum. This included academic subjects such as Russian language and literature, GCSE and A-level preparation, as well as vocational and creative classes in programming. robotics, drama, piano, art, chess, and Russian language for adults. We also provided Ukrainian language classes for children who have recently arrived in the UK. The school operated smoothly and effiGiently thanks to the dedication of our administrative team, led by Director Jelena Carter and Senior Adrninistrator Marina Olefir. supported by our committed duty team. Trustees and administrators held a total of 11 meetings (6 online and 5 in person) to oversee govemance and strategic planning. Ke hts of the ear inGluded: September 2023." Launch of the school year and 25th anniversary celebrations at Long Road Sixth Fomi College. Septernber-october. Welcorne presentations for new parents and an online orientation session. October. Halloween celebration for children. November: Outdoor art lessons with teacher Valentin Rusinov and the annual 'Russian Bear Cub. writing competition for bilingual students. De￿rnber A festive Christmas and New Year celebration featuring perfOrman￿S, crafts, and a visit from Father Frost. January 2024: A financial literacy project for children and a visit from the children's theatre group °Amethysts,° who performed two shows. Spring Term: Introduction of new drama and art classes. February: A school-organised educational trip to London, where students visited the Science Museurn, Natural History Museum, and the V&A Museum. March: Maslenitsa celebration with traditional folk games, music, and food. May: 25th anniversary celebration of the school's founding. End of May: A sumrner camp for children. July 2024: End-of-year ￿lebratIon, including a graduation ceremony for GCSE and A-level students, a school-wide barbecue hosted by the trustees, and the traditional gift of a book for every student. These activities reflect our commitment to delivering a high-quality, culturally rich education and fostering a strong sense of community among our students, families, and staff. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 Cambridge Russian School operates as a not-for-profit organisation, committed to making education accessible and affordable for all farnilies. For rnany years. we have worked diligently to keep tuition fees as low as possible, ensuring that financial constraints do not become a barrier to participation. To support families facing financial hardshi . we offer flexible ment options, including instalment plans and partial bursaries. In response to the ongoing ¢ost-of-living crisis, we have also provided deferred payment arrangements and partial refunds for families most affected. Additionally, we offer discounts and subsidies to Ukrainian families and to members of our teaching staff, further ￿InforcIng our commitment to inclusivity and comrnunity support. Additional Infonnation (optional) You ma choose to include further statements wkEre relevant about.. SORP reference We offer one free lesson a week to children of Ukrainian refugees and discounts to children of our teachers. Para 1.38 Policy on grant making None Para 1.38 Policy on social investment including program related investment We have a team of dedicated parent volunteers who support events taking place at the school Para 1.38 Contribution made by volunteers Other Achievements and Performance SORP referen Summary of the main achievements of the charity, identifying the dtfference the charrly's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Additional infomiation (optional) You ma choose to include further statements where relevant about: Despite the challenges posed by the ongoing cost-of-living crisis, the school achieved a strong and stable financial outcome this year, reflecting prudent management and the continued support of our communi Any income from fundraising was used towards paying for the free lessons for Ukrainian children Achievernents against objectives sel Para 1.41 Performance of fundraising activities against objectives set Para 1.41 All surplus funds are kept in flexible savings accounts, which resulted in significant interest income in the year due to increase in the Inte￿St rates. Investment performan against objectives Para 1.41 Other Financial Review Review of the charity's financial position at the end of the eriod Statement explaining the policy for holding reseNes stating why they are held Para 1.21 A healthy surplus was achieve in the year, allowing the charity to raise the reserve to shield a ainst an otential rent increases. Reserves are held in order to shield against unexpected rent inGreases or change in VAT status of the school rovidin remises for the school Para 1.22 Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.22 £20,000 Para 1.22 Para 1.24 Para 1.23 Additional infomiation (optional) You ma choose to include further statements where relevant about: The charity's primary Sour￿ of income is the school fees paid by parents. Our main areas of expenditure inGlude payments to freelan￿ teaching and administrative staff, as well as the rental costs for our premises. The charity's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Para 1.46 Other Structure, Governance and Management Description of charity's trusts- Type of goveming doGument (trust deed, ro al charter How is the charity constituted? (e.g unincorporated association, CIO) Twstee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Constitution Para 1.25 Association Para 1.25 Elected by members Additlonal infomiation (optional) You ma choose to include further staternents where relevant about: Policies and procedures adopted for the induGtion and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Pard 1.51 Other Reference and Administrative detsils Chari name other name the char uses Registered charity number Charity's principal address Cambrid Russian School 1121075 Names of the charity trustees who manage the charity Trustee name Offlce (if any) Dates acted if not for whole ear Name of person lor body) entitled toa oint trustee Ifan Aleksei Komarov Chair Suzy Brandes Artetn Babayan Svetlana Shmeleva Artem Blagodarenko And￿1 Bejan Treasurer From 1010312024 From 2011112023 10 12 13 14 15 16 17 18 19 20 orate trustees - names of the directors at the date the re Director name ortwasa roved Name of trustees holding title to property belonging to the charity Trustee name Dates acted If not for whole Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objeGts of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Additional Infomiation (optional) Names and addresses of advisers (Optional infomiation) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional informatlon) Exemptions from disclosure personnel details Reason for non-disclosure of ke Other o tional infomiation Declarations The trustees declare that they have approved the trustees. report above. Signed on behalf of the Charity's trustees Signaturels) Full namels) Position (eg Secretary. Chair, etc) Mr Aleksei Komarov Chair of the Trustee Board Mrs Suzy Bran Treasurer Date 30106125 ## **Profit and Loss comparatives** **----- Start of picture text -----**
Cambridge Russian School P&L 2023-2024
Course fees and sundry 111,547.47
Donations/fundraising
Traders fees, tea/coffee 1,956.46
Interest 889.73
Total income 114,393.66
Salaries - 66,696.46
Admin salaries - 15,352.72
Rent - 16,446.00
Travel expenses - 725.50
Print and Photocopy - 1,300.84
Teaching materials - 89.53
School events - 2,067.09
Gifts for teachers - 207.07
Admin expenses - 301.16
Insurance - 323.78
Refunds - 301.00
Gifts for students - 1,186.26
Exams - 240.00
Total expenditure - 105,237.41
Profit/(loss) for the year 9,156.25
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the truste members of d9e 12LL4qicLM gcknL 2023-202Y On accounts for the year ended Charlty no (if any) 44z407 Set out on pages '￿￿ I:-l.J I report to the trustees on my examination of the accounts of the above charty (Xhe Trust.) for the year ended Responslbllltles and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attents'on (other than that disclosed below ') in connection with the examination which gives me cause to believe that in. any material respect: accounting records were not kept in accordance wrth section 130 of the Act or the accounts do not accord Y￿th the accounting records Independent examiner's statement I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. . Please delete the woffls in the brackets rf they do not apply. Slgned: Date: 30106 Name: Teb osh Relevant professlonal qualrfication(s) or body (Sf any): A-AT LweL 3 Address: F8 IER. October 2018