REGISTERED COMPANY NUMBER: 00889233 (England and Wales)
REGISTERED CHARITY NUMBER: 1138475
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 July 2024
for
ST SOPHIA'S SCHOOL
BENEVOLENT FUND LIMITED
K J Pillalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N128NP

ST SOPHIA'S SCHOOL
BENEVOLENT FUND LIMITED
Contents of the Financial Statements
for the year ended 31 July 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Statement of Flnanclal Posltlon
Notes to the Financial Statements
8 to 11
Detailed Statement of Financial Activities
12

ST SOPHIA'S SCHOOL
BENEVOLENT FUND LIMITED
Report of the Trustees
for the year ended 31 July 2024
The Irustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial slalemenls of the charity for the year ended 31 July 2024. The Iruslees have adopted the
provisions of 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) {effeclive 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
St Sophia's School Benevolent Fund Limited is a company limited by guarantee and as such has no share capital.
It is governed by its Memorandum and Articles of Association. 11 was registered as a charity on 19th October
2010.
There are currently twelve directors, together referred to as the 'Board of Directors,, which has the overall
responsibility for Sl Sophia's School Benevolent Fund Limited. Appointment to the Board of Directors is by
application lo the Board and is at their discretion.
Objectives, Public Benefit Aims and Principal ActivSties
st Sophia's School Benevolent Fund Limited was established in 1966, and the object of the Fund, in accordance
with its Memorandum and Articles of Association is "to advance the education of young people for the benefit of
the public in Greek Language, history, culture and dance by the provision of a school or schools"
Summary of the main activities undertaken in relation to those objects
Teachers taught the Greek language, history, culture, singing and dance to pupils of the school during classes
held for each age group at Pimlico Academy, Pimlico, which are rented from the School each Saturday morning
from 9.30 am to 1.15 pm.
Pupils consisted of children of parents where both parents were Greek speaking or where one parent was
Greek speaking and the other not.
Teachers were either Greek or Cypriot or of Greek or Cypriot descent, a small proportion being offered and
funded by the Cypriot government.
Page 1

ST SOPHIA'S SCHOOL
BENEVOLENT FUND LIMITED
Report of the Trustees
for the year ended 31 July 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
A summary of the main achievements of the charity durlng the year
The staff of the school consisted of 31 staff including one headmistress, one deputy headmistress, 17 teachers,
one dance teacher, one music teacher, 8 assistant teachers and 2 cover supervisors teacher. The number of
pupils during the year was 329. There were 19 classes consisting of 2 parallel Nursery classes, 2 parallel
Reception classes, 2 parallel classes for Year 1, 2 parallel classes for Year 2, 2 parallel classes for Year 3, 2
parallel classes for Year 4, 2 parallel classes for Year 5, 1 class for Year 6, GCSE1 and GCSE2 class, an A1
Level and an A2 Level class in Modern Greek.
During the summer of 2024, the number of pupils who entered tor Ihe GCSE and A level public examinations and
the results obtained al each level were as follows..
13 students sat the GCSE Modern Greek and the grades achieved were.. 6 <9> 2 <8> 3 <7> 2<6>
2 students sat Iho A Level in Modem Greek and the grades achieved were: 1 <A'> 1 <A>
School Concerts, ServI￿S and prize giving events were held on 6 occasions with parents, staff and teachers in
allendance.
Saturday 9th September, Pimlico Academy- Blessing
Saturday 21st October, Pimlico Academy- OXI Day Celebration
Saturday 16th December, St Sophia's Church - Christmas liturgy l Nativity Play
Saturday 13th January, Pimlico Academy Ivassilopita
Saturday 23rd March, Pimlico Academy- "25th March" Celebration I prizegiving
Saturday 13th July, Pimlico Academy- Summer Celebration l End ofyear
The School started producing a magazine from July 2016. Another school magazine was produced this year, in
the summer, and distributed with contributions of written material, photographs and drawings from the teachers
and pupils.
The Directors sought donations during the year lo supplement the school fees. Total sum received in the year
Was £10,265 and this contributed towards the general running of the school.
Also, durtng the year 12 bursaries were granted.
From Year 2015 the governors decided lo gradually increase the fees with the aim of securing a more sound
rinancial footing to enable the school to become more self-financing and less reliant on subsidisation through
donations and to keep up with inflation.
There were over 70 children on the wailing list for entry in September 2023.
A website designed in previous years is now live and operational and provides useful information to parents.
children and the general public. The progress of the school was monitored by regular termly meetings held by the
directors with the Headmistress of the School.
Parent's Association donated £1,000 in order to cover the School's Magazine graphic designerfs fee, £891
towards the purchase of a laptop, £320 for the purchase of the New Year's cakes (Vassilopites) and £50 for
storage boxes.
Bursaries
A total of £6,770 was awarded as Bursaries to 12 students broken down as below..
Full Bursaries
6 students received a 1 OOYO bursary againsl the full year's fees
Half Bursaries
6 students received a 50 % bursary against the full year's fees
Page 2

ST SOPHIA'S SCHOOL
BENEVOLENT FUND LIMITED
Report of the Trustees
for the year ended 31 July 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Financlal Review
In 2023-24, fee income increased by 13.14/0 to £235,222 (2023: £207,906).
Resour￿$ expended increased by 11.63 % 10 £247,005 {2023.' £221,280), comprised of resources expended on
charitable activities, governance costs and other expenditure.
Reserves
As at 31 July 2024, the Fund held accumulated unreslricled funds of£229,081 (2023.. £240,864).
The Governors, policy is to maintain sufficient reserves to provide the requisite working capital and a contingency
to meet any future expansion and development plans lo further the objectives of the Trust.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
00889233 {England and Wales)
Registered Charity number
1138475
Reglstered offlce
150 Aldersgale Street
London
EC1A 4AB
Trustees
T Bakalis Priest
Mrs C Caroussis Company Director
Mrs M Limnios Lawyer
Dr l Margaronis Company Director (resigned 6.3.24)
Mrs M Nikolopoulou Teacher
N J Paleocrassas Treasurer
Mrs S Polemis Housewife {resigned 6.3.24)
Mrs M Spyrou Architect
J Panayiotou Company Director
Ms J Shall Company Director
Mrs E Goulandris Company Director
C Nifadopoulos Lawyer
Company Secretary
Mrs M Nikolopoulou
Independent Examiner
K J Pittalis and Partners LLP
Chartered Certified Accounlanls
Global House
303 Ballards Lane
London
N12 8NP
Page 3

ST SOPHIA'S SCHOOL
BENEVOLENT FUND LIMITED
Report of the Trustees
for the year ended 31 July 2024
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006
relating to small companies.
Approved by order of
e board of trustees on
and signed on its behalf by..
aleocrass
Trustee
Page 4

Independent Examlner's Report to the Trustees of
St Sophia's School
Benevolent Fund Limited
Independent examiner's report to the trustees of St Sophia's School Benevolent Fund Limited I'the
Company'l
report to the charity trustees on my examination of the accounts of the Company for the year ended
31 July 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also ils directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006
I'lhe 2006 Act'l.
Having satisfied myself that Ihe accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examinalion of your charity's
accounts as carried out under Section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying oul my
examination I have followed the Directions given by the Charity Commission under Section 145(5) (bl of the 2011
Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause lo believe..
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act,.
or
the accounts do not accord with those records. or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other th8n
any requirement that the accounls giva a true and fair view which is not a maller considered as part of an
independent examination. or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities {applicable to charities preparing their
accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of
Ire18nd IFRS 102)).
I have no concerns and have come across no other mallers in connection with the examination to which attention
should be drawn in this report in order lo enable a proper understanding of the accounts to be reached.
K J Pittalis
K J Pillalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N128NP
Date: ........
Page 5

ST SOPHIA'S SCHOOL
BENEVOLENT FUND LIMITED
Statement of Financial Activities
for the year ended 31 July 2024
3117124
Unrestricted
fund
3117123
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
235,222
207,906
EXPENDITURE ON
Raising funds
82,895
69,393
Other
164,110
151,887
Total
247,005
221,280
NET INCOMEI(EXPENDITUREI
{11,7831
(13,374)
RECONCILIATION OF FUNDS
Total funds brought forward
240,864
254,238
TOTAL FUNDS CARRIED FORWARD
229,081
240,864
The noles form part of these financial slalemenls
Page 6

ST SOPHIA'S SCHOOL
BENEVOLENT FUND LIMITED
Statement of Financial Position
31 July 2024
3117124
Unrestricted
fund
3117123
Tot81
funds
Notes
CURRENT ASSETS
Debtors
Cash al bank
246
316,385
472
306,442
316,631
306,914
CREDITORS
Amounts falling due within one year
(87,5501
(66,050)
NET CURRENT ASSETS
229,081
240,864
TOTAL ASSETS LESS CURRENT
LIABILITIES
229,081
240,864
NET ASSETS
229,081
240,864
FUNDS
Unreslricled funds
229.081
240,864
TOTAL FUNDS
229,081
240,864
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the
year ended 31 July 2024.
The members have not required the company lo obtain an audit of ils financial statements for the year ended
31 July 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of
Ihe Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which olheNise comply with the
requirements of the Companies Act 2006 relating to financial stalemenls, so far as applicable to the
charitable company.
(bl
These fin8ncial slatemenls have been prepared in accordance with the provisions applicable lo charitable
companies subject lo the small companies regime.
The financial statements were approved by the Board of Trustees and aulhorised for issue on
and were signed on ils behalf by..
leo
ss
Trustee
The notes form part of these financial slalements
Page 7

ST SOPHIA'S SCHOOL
BENEVOLENT FUND LIMITED
Notes to the Flnanclal Statements
for the year ended 31 July 2024
ACCOUNTING POLICIES
Basls of accounting
The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their 8ccounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) leffeclive 1
January 20151- (Charities SORP {FRS 102)), the Financial Reporting Standard.
Assets and liabilities are initially recognised at their historical cost or transaction value unless otherwise
staled in the relevant accounting policy notesls).
The Governors consider that the Fund has sufficient funds lo meet its obligations as they fall due for al
least 12 months from the dale these financial statements are approved and deem it appropriate that the
ffinancial slatemenls are produced on a going concern basis.
The functional and presentation currency of the fund is GB Pound Sterling (£1.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in
furtherance of the general objects of the Fund and which have not been designated for other purposes.
Reslricled funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Fund for particular purposes. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
All funds are unrestricted.
Incoming resources
All income is included in the Statement of Financial Activities (SODA) when the Fund is legally entitled lo
the income and the amount can be quantified with reasonable accuracy. Income from school fees is taken
into the statement of financial activilies when received or when receipi is probable and the value can be
measured with sufficient reliability.
Resources expended
All expenditure is accounted for on an accruals basis and includes VAT as the Fund is not registered for
VAT as follows..
Charitable activities
ReSoUr￿S expended on charitable activities comprise of all Ihe resources applied by the fund in
undertaking educational activities, including both direct costs together with those support costs incurred.
Governan￿ costs
Governan￿ costs include those costs of governance arrangements which relate to the general running of
the fund which allows the fund to operate and to generate the information required for public
accounlabilily. Expenditure on the governance of the fund includes accounlanls fees and costs associaled
with slalulory requirements.
Other resources expended
Other resources expended will include any costs which the fund has not been able to analyse within the
main resources expended categories above.
Financial instruments
The Fund only has financial assets and liabillties of a kind that qualify as basic financial instruments. Basic
financial instruments are initially recognised al transaction value and subsequently measured al their
settlement value.
Page 8
continued...

ST SOPHIA'S SCHOOL
BENEVOLENT FUND LIMITED
Notes to the Financial Statements . contlnued
for the year ended 31 July 2024
RAISING FUNDS
Ralsing donations and legacies
3117124
3117123
Support & governance costs
82,895
69,393
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 July 2024 nor for the year
ended 31 July 2023.
Trustees. expenses
There were no truslees. expenses paid for the year ended 31 July 2024 nor for the year ended
31 July 2023.
STAFF COSTS
3117124
3117123
Wages and salaries
Other pension costs
162,822
1,288
150,748
1,139
164,110
151,887
The average monthly number of employees during the year was as follows:
3117124
23
3117123
21
Teachers
Assistants
31
30
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 2023
Unreslricled
fund
INCOME AND ENDOWMENTS FROM
Donations and legacies
207,906
EXPENDITURE ON
Raising funds
69,393
Other
151,887
Total
221,280
NET INCOMEIIEXPENDITURE)
(13,3741
Page 9
continued...

ST SOPHIA'S SCHOOL
BENEVOLENT FUND LIMITED
Notes to the Financial Statements - continued
for the year ended 31 July 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 2023 - continued
Unrestricted
fund
RECONCILIATION OF FUNDS
Total funds brought forward
254,238
TOTAL FUNDS CARRIED FORWARD
240,864
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3117124
3117123
Other debtors
246
472
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3117124
3117123
Deposits held
Accrued expenses
85,750
1,800
64,250
1,800
87,550
66,050
MOVEMENT IN FUNDS
Net
movement
in funds
Al
31.7.24
At 1.8.23
Unrestricted funds
General fvnd
240,864
(11,783)
229,081
TOTAL FUNDS
240,864
{11,7831
229,081
Nel rnovement in funds, included in the above ar8 as follows-.
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
235,222
{247,0051
(11,783)
TOTAL FUNDS
235,222
(247,005)
(11,7831
Page 10
continued...

ST SOPHIA'S SCHOOL
BENEVOLENT FUND LIMITED
Notes to the Financlal Statements - continued
for the year ended 31 July 2024
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Nel
movement
in funds
At
31.7.23
Al 1.8.22
Unrestrlcted funds
General fund
254.238
113,374)
240,864
TOTAL FUNDS
254,238
{13,374)
240,864
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
207,906
(221,280)
(13,374)
TOTAL FUNDS
207,906
(221,280)
(13,374)
RELATED PARTY DISCLOSURES
Certain Members of the board of governors are also parents of children who attend the School and,
accordingly, fee income for the year includes fees receivable from the Governors al normal rate.
There were no other transactions with related parties and the Governors received no remunerations or
reimbursed expenses.
10.
SHARE CAPITAL
The Company is limited by guarantee and as such has no share capital.
Page11

ST SOPHIA'S SCHOOL
BENEVOLENT FUND LIMITED
Detalled Statement of Financial Activities
forthe year ended 31 July 2024
3117124
3117123
INCOME AND ENDOWMENTS
Donations and legacies
School fees
Donations
Fees-other
Deposit
223,297
10,265
1,660
182,092
16,343
1,960
7,511
235,222
207,906
Total Incomlng resourcès
235,222
207,906
EXPENDITURE
other
Wages
Pensions
162,822
1,288
150,748
1.139
164,110
151,887
Support & governance costs
Other
Rent
43,900
42,609
Other expenses
Insuran
Postage and stationery
Sundry
School expenses
IT software and consumables
Deposit
3,050
4,430
3,821
4,440
12,536
6,555
2,862
3,405
2,632
2,320
13,325
34,832
24,544
Governance costs
Accountancy fees
Legal fees
Payroll costs
1,800
1,503
860
1,800
440
4,163
2,240
Total resources expended
247,005
221,280
Net expenditure
111,7831
(13,3741
This page does not form part of the slatulory financial slalements
Page 12