Company No. 08586329
Charity No. 1153976
Azbuka Foundation
Report and Accounts
For the year ended 31 August 2024
Studland Hall
Studland Street
Hammersmith
London VV6 OJS

Azbuka Foundation
Directors. Report
For the
ar ended 31 August 2024
The directors present their report and accounts of the charity for the year ended 31 August 2024. This report also
represents the trustees, report required under the Charities Act 2011.
The directors have had due regard to guidanGe published by the Charity Commission.
LEGAL AND ADMINISTRATIVE INFORMATION
Charity name:
A2buka Foundation
Charity registration number..
1153976
Company registralion number
08586329
Registered office and operations
address
Studland Hall, Sludland Street. Hammersmilh, London W6 OJS
Dirèctors {Trustees)
The directors who were in office during the year and
up lo the date of this report are:
Maria Gavrilova
Andrew Jack
Charmian Kenner
SveUan8 Malinina
Jason Manning
Irina Khabibulina
Vasiliki Lytra
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The organisalion is a charitable company limited by guarantee. incorporated on 26 June 2013. The company was
established under a Memorandum of Association. The Articles of Association explain the objects and powers of the
charitable company and how il should be governed. In the evenl of the company being wound up members are
required to contribute an amount not exceeding £1.
Dir•clors
The directors of the company are also chanly Injstees for the purposes of charity law.
New trustees are appointed by the members of the charity.
Trustee meetings are held 4 to 5 times a year.
OBJECTS OF THE CHARITY
The objects of the charity are..
The advancemenl of education for the public benefit in particular by:
the provision and conduct of a school or schools in England and Wales with bilingual Russian-English curriculum.,
the promotion of bilingual education.,
the provision of education materials or services, including promotion of Russian language, literature and Culture,.
and
such other means as the Trustees shall determine

Azbuka Foundation
Directors. Report
For the year ended 31 August 2024
ACTIVITIES and ACHIEVEMENTS
In plannin9 the activities for the year. the tnjstees have had due regard to Charity Commission guidance on publi¢
benefit. The activities carried out in the year include the following..
Further negotiations and planning for school premises expansion and funding
Developing further the bilingual curriculum and revising bilingual education planning system
Preparing academic enri¢hment programme for Year 4-6 children
Enhancing crealive and musical side of the programme. Developing wellbeing and PSHE policies in the
curriculum
New sport club for children
• New training monitoring system for safeguarding and health and safety for staff
• Preparing for the next ISI Inspection
Reviewing and planning for alternative business model in preparation for the VAT on independent schools
Planning for premises redevelopment for SEND inclusion. Secured funds for new SEND inilialives
• New financial planning re to upcoming introduction of VAT and business rates for independent providers
Taking active part in BEA VAT campaign
Cooperation with other schools. BEA events and cooperation
Developing HR policies and improved practices for more effective, safe recruilmenl and employment
Implementing new marketing strategies with the new marketing contractor. in¢ developing social netsvorks and
different partnership projects
New press articles about A2bLJka
• Continue developing Education information center for the wider audience
• Cooperation with parents and other agencies on new joint fundraising initiatives
Outreach activities to other education providers and organisalions
FINANCIAL REVIEW AND RESERVES POLICY
The charity generated a net surplus for the year of £58,170 compared to a deficit of £11,351 in the previous year.
There is a deficiency of Un￿strICted funds carried forward al the year end amounting lo £49,562 compared to a
deficiency of £107,732 al the previous year end. Please refer to Note 1 of the accounts for more information regarding
the going concern status of the charity.
To address the deficit Ihe trustees decided to increase sludenl fees in 2 stages for the current students.
The first increase was implemented in the previous 12022-231 academic year. The second increase from September
2023 (this academic year).
This strategy has proved to be successful in 2023-24 but there is still a some way to go in reducing the overall
deficiency of unrestricted funds and providing a reasonable level of free reseryes.
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to
¢ompanies subject lo the small companies regime.
Approved by the Board on .
and signed on its behalf by..
Maria Gavrilova
Director

Independent Examiner's report to the trustees of
Azbuka Foundation
I reporl on the accounts of the company for the year ended 31 August 2024 set out on pages 4 to 9.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the
prepafation of the accounts. The trustees consider that an audit is not required for this year under section 144(2)
of the Charities Act 2011 {the 2011 Act) and thal an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent
examination, it is my responsibility to..
examine the accounts under section 145 of the 2011 Act.,
to follow the procedures laid down in the general Directions given by the Charity Commission under
section 145(5)(bl of the 2011 Act., and
to state whether particular matters have come to my attention.
Basis of independent examinerfs report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by Ihe charity and a Comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts,
and seeking explanalions from you as trustees concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the
accounts present a 'true and fair view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention..
{1) which gives me reasonable cause to believe Ihat in any material respect the requirements-
to keep accounting records in accordance wilh seGlion 386 of the Companies Act
2006,. and
to prepare accounts which accord with the a¢counling records, comply with the
accounting requirements of section 396 of the Companies Act 2006 and with the
methods and principles of the Ststement of Recommended Practice.. Accounting and
Reporting by Charities
have not been met.
Material uncertalnty
The financial statements show a surplus of £72.870 compared to a surplus of £11,351 and this is a welcome
increase. However there remains a deficiency of funds of £34,562 at the year end so there continues to be
uncertainty as lo whether the charity will be able to operate as a going mncern for the foreseeable future.
Paragraph Iwo Note 1 of Ihe accounts explains how the charity will remedy this situation.
The accounts have been prepared on a going concern basis which is appropriate having regard to the
circumstances of the charity.
HARRY NICOLAOU FCA
Of Harry NicolaoLS &Co Limiled
Chartered Accountants
21 Brendon Way
Enfield
EN12LF

Azbuka Foundation
Statement of Flnancial Activities {In¢luding Income and Expenditure Account)
Forthe Yèar Ended 31 Au
ust 2024
Total funds
Unre¥trfet•d
2024
Tolal funds
Unr6StriGted
Note
2023
INCOME from:
Donations
63,063
63,063
30,779
30.779
Charitable actlvlti•$:
School fees
Nursery fees
Grant ILB H&FI
Contributions from parents for activities and school meals
Other income - Hall and space hire. bank interest etc
358,557
238,241
60,652
14,305
26,539
698,294
328,360
208,522
93.186
25,128
22.427
677,623
Total income
761,357
708,402
EXPENDITURE on:
Charitable activities
Bursanes and Scholarships
Funded activity.. Eady Education
Staff costs
Printing
Rent and rates
Electricity
School resources and expenses
Repairs and maintenance
Telephone and intemel
IT expenses
Insurance
Bank charges
Equipment hire
Cleaning and other expenses
Bookkeeping
Travelling and subsistence expenses
Clothing Costs
Website expenses
Marketing costs
Leg81 and consultancy fees
Depreciation
Govemance cost.. independent examination
12.667
53,307
469.028
1,490
103,188
2,000
12,654
2,793
1,238
11,794
1,712
145
295
9,172
2,675
879
1,647
305
1,932
9,637
1,927
2,700
28, 728
67,608
436,807
1,015
104,751
79.826
2.898
1,722
4,988
1,219
96
7, 760
2, 765
2,881
1,271
1.062
7.184
2,570
2,500
Total expenditure
703.187
69T,051
Net income and net movement in funds.
58,170
7 1,351
RECONCILIA TION OF FUNDS
Total funds brought forward
1107,7321
{119,083J
Total funds carrled forward - deficiency
149.5621
(107.732)
Net expenditure is also nel expenditure for Companies Act purposes.

Azbuka Foundation
Company No. 1 $09049
Balance Sheet
Asat31Au
ust 2024
2024
2023
Flxed assets
Tangible assets
5,782
7, 709
5.782
7, 709
Current assets
Debtors
Cash at bank and in hand
37,598
121,413
35,045
55,394
Tolal currènt assets
159,011
90,439
Credltors falllng due within one year
1112.600)
(119, 125)
Net current a$setsl{liabllitles)
46,411
(28,686)
Total assets less currgnt liabilities
52.193
(20,977)
Credltors falllng due after more than one year
1101.755)
(86,755)
Nèt liabillties
149,5621
(107,732)
Funds
Unrestricted gen8ral funds
149,562}
(107,732)
Total funds - deficiency
149,5621
(107,732)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under
section 477 of the Compani8s Act 2006.
The members have not required the company to obtain an audlt in accordance with section 476 of the A¢t.
The directors acknowledge Iheir responsibilities for complying with the requirements of the Companies Ad 2006 wilh
respect lo accounting record5 and the preparation of accounts.
The accounts have been prepared in accordance with the speclal provisions applicable lo companies subje¢l lo the
small companies regime.
Approved by the directors on
signed on their behalf by..
Maria Gavrilova
Director

Likewise Community
Statement of Cash Flows
Asat31Au
ust 2024
2024
2023
Cash flow from operating activities
Net in¢omel(defiGitl for the year
Depreciation of tangible fixed assets
Decreaselllncrease) in debtors
Increaselldecrease) in creditors
58,170
1,927
(2,553)
(6,525)
11,351
2,570
{359)
36.854
Net cash flow from operating activitles
51.019
50,416
Cash flow from Investlng actlvltles
Payments to acquire tangible fixed assets
(2,252)
Net cash flow from investing activities
(2,252)
Net Increasel(decrease) in cash and Cash equlvalents
51,019
48,164
Cash and cash equivalents at 1 September 2023
Cash and cash equivalents at 31 August 2024
55,394
106,413
7, 230
55, 394

Azbuka Foundation
Notes lo the Accounts
For the Year Ended 31 Au
ust 2024
Accounting pollcies
8asls of a¢¢ounling
The financial slalements have been prepared in accordance with Accounting and Reporting by Charities: Statement
of Recommended Practice applicable lo charities preparing their financial slalements in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151
(Charitses SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
102) and the Companies Act 2006.
In the context of the current difficult e¢onomiG environment, including the Covid-19 pandemi¢, the Ukraine crisis and
hi9h inflation, the trustees recognise significant pressures on student numbers. costs and fund-raising. They have
taken long-term measures lo reduce the deficit reported this year and for 2020121, including by raising fees MO￿ in
line with other similar schools. The accounts have been prepared on a going concem basis.
The charity constitutes a public benefit entity a$ defined by FRS 102.
In¢om• recognition
All income is recognised once the charity has enlitlemenl to the income, there is sufficient certainly of receipt and so
il is probable that the income will be received, and the amount of income receivable can be measured reliably.
Expendituro rocognition
Expenditure is recognised once there is a legal or constructive obligation lo make a payment to a third party, it is
probable thal a settlement will be required and the amount of the obligation can be measured ￿liablY.
Fund a¢countsng
Re5tricled funds are incoming resources, which are lo be used for specific purposes as laid down by the donor.
Expenditure which meets these criteria is charged lo the fund.
Unrestricted funds are grants. donations and other incoming resources receivable for the objects of the charity
without fvrther specified purpose and are available as general funds.
Tanglble fixed assets
Depreciation is provided al rates calculated lo write off the cost of each asset less its eslimaled residual value, over
the useful economic life of that asset as follows..
Office fumiture and equipment
25 10 reducing balance
Debtors
Trade and other debtors are recognised at Ihe settlement amount due after any trade discounts offered.
Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
Credltors
Creditors and provisions are re¢ognised where the charity has a present obligation resulting from a past event that
will probably resLtII in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are init1811y recognised at transaction value and subsequently measured al their
settlement value with the ex¢eptson of bank loans which are subsequently measured al amorbsed cost using the
effective interest method.
Commitments
Rentals payable under operating leases are charged lo the Statement of Financial Activities as incur￿d over the
term of the lease.
Pensions
The costs of the workplace defin8d contribution arrangements are charged lo the SOFA as incurred.

Azbuka Foundation
Notes to the Accounts
For the Y￿1 Ended 31 Au
ust 2024
Staff costs
2024
2023
Salaries and wages
Social security costs
Pension costs
Payroll proc8ssing costs
Recwilmenl costs
Other staffing costs
Training costs
366,176
28,832
7,494
1,832
2,975
60.475
1.244
334,491
26,991
7.337
1,448
3.103
61,853
1,584
Totsl staff costs
469.028
436.807
Net income for the y•ar
2024
2023
This is stated after charging..
Independent Examiners fee
Depreciation
2,700
1.927
2,500
2.570
Trustees
No remuneration was paid to the Iruslees during Ihe year in their capacity as Iruslees. Expenses of £696
were reimbursed lo one Iruslee {2023 £3091 during the yeaT.
Taxation
The charitable company is exempl from corporation lax on its charitable activities.
Tangiblg fixed assets
FUMI￿￿ &
offic•
•quipm•nt
Fixtut•s *nd
Total
Cost
Al 1 September 2023
Additions
7.146
10,934
18,080
At 31 August 2024
7.146
10.934
18,080
Depr•¢latSon
Al 1 September 2023
Charge for the year
3.464
920
6,907
1.007
10.371
1,927
At 31 August 2024
4,384
7.914
12,298
Net book value
At 31 August 2024
2,762
3.020
5,782
Af I September 2023
3,682
4.027
7. 709
Debtors
2024
2023
Trade debtors
Other debtors
5.644
31,954
3,091
31,954
37,598
35,045
Other debtors of £23,187 fall due after more than one year

Azbuka Foundation
Notes to the Accounts
For the Year Ended 31 Au
ust 2024
Cr•dltors falllng due wlthln one year
2024
2023
Trade creditors
Taxation and social security
Other creditors and accruals
5,984
13,331
93,285
14,348
T,491
97,286
112,600
119, 125
Credltors falling due after more than ong yoar
2024
2023
Loan (see note 101
101.755
86, 755
10.
Related party transactions
The loan referred lo in Note 8 of £101.755 is due to Maria Gavrilova, a InJstee and founder of the charity.
During thè year Maria Gavrilova received remuneration as Principal of the school al well below market rates.
During the yeai Svellana Malinina. a Iruslee has provided dance lessons to pupils of the charity at rates well
below market rates.
Operating l¢a$e Commitments
The total of fijlure minimum lease payments under a nOn￿ncelIable operating lease al 31 August 2024 is as
follows..
2024
2023
Not later than one year
Later than one year and not later than five years
Later than five years
100.884
403,536
403,536
100,884
403,536
504,420
907.956
1,008,840