Trustees. Annual Report for the period Period start dale Peii(#J end date From 2019 To 05 2020 Section A Reference and administration details Charity name Oleg Prokofiev Trust Other names charity is known by Registered charity number (if any) 11568(Kl Charity's principal address 10 Queen Street Pla￿. London EC4R IBE Names of the charity trnstees who manage the charity Office Irf any) Name of person lor boty) entitled nt trustee rfan Anastasia Prokofiev Trustee and treasurer, rotating Chair Twstee. rotal￿g Chair Trustee, rolating Chair, website designer Trustee. rolat•lg Chair Cordelia Prokofiev Beatrice Prokofiev Gabriel Prokofiev Names of the trustees for the charity, rf anyj (for example. any custodian trustees) Name Dates acted rf not for whole year The same as the trustees vtho manage the charity Name5 and addresses of advisers Iomional inforniation) T pe of adviser Name Address Name of chief exacutive or names of sénior staff members (Optional infomiation) Section 8 Structure, governance and management Description of the charitys trusts Type of goveming document Trust Deed How the charity is canslituted Charitable Trust Trustee selection melhods Additional governance issues (Optional infomiation) You may choose to indude additional information, where relevant. about: policies and procedures adopted for the induction and training of trustees". the charity's organisational structure and any wider netsnrk with thich the tharity works", relationship with ￿Y related parties., trustees, consideration of major risks and the system and procedures to manage them. Section C Objectives and activities The Oleg Prokofiev Trust is a grant giving charity set up in memory of Oleg Prokofiev. son of the composer Sergei Prokofiev. Its funds are directed pTimarily for the purpose of helping support nxtsic perfommnce projects and the advancement of the arts and education in music wortdwide for the public benefi( in particular in relation to the wort( of Sergei Prokofiev. Summary ofthe objects ofthe charity set out in its goveming documènt We received a large number of grant rf)plications this year, many of which were high qualty. This was Far￿lY due to increased promotion of the dHrity throLKJh soctal media other neivrt)rking. We accepted a lolal of 16 applicants. Ho￿￿ver, as a reS￿t of the global pandemic sorrE of these projects have Sin￿ not t*en able to go ahead and many of them have had to be postwned until 2021 or have had to make thanges to how they pr<>mote or deliver their projects; for example INe streaming a perf0rnan￿ instead of a live txjncert performance. Summary of the main activities undertaken forthe public benefft in relation to these objects (include within this Section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on publlc benefrt) Despite this, al the time of vnibng, 4 pr(4ects have been completed. and a further 8 projects are aiming to go ahead this year {2021), current restrictions affe{x￿ by Ihe pandemrc permittJ"ng. Of the remainH)g projects 1 project estimated to Lqke 2 years to complete has had delays due to current restrictions with c[￿pIetlrg researd), and we are wathg for an UF¥Jate on 1 other proj8Ct. Only 2 have had lo ￿ Ca￿lIed c()m￿etelY. Additional details of objectives and activitsts {Optional inforn]ation) The objective is the advancement of the arts and educati¢)n in rrntsic wollthvide for the public benefrt, and. in particular, in relation to the WO￿ of Sergei Sèrgeyevich Prokofiev. as the trustees from time to time think fit. Grants are to be made for èducation I tfaining larts I culture I heritage Grants can be made to other charities or volunlary bodies. the genernl publk or mankind Grants are made annualty following an online applleation process. There were 19 grant appliGations made in 2019-2020. 16 of which were awarded. To revievi the existiry policy on grant making in 2021. in light of any changes the trustees decide regarding the possible viidening of the focus of projects for future grant applicants. You may choose to include further statements. where rèlevant, ab¢Xrt: policy on grantmaking., policy programme related investment contribuly'on made by volunteers. Section D Achievements and performance Summary of the main achievements of the charity during the year Application for charity status made: Trust deed and Charity registered on 14 October 2013. amended in 201 Two meetings were held during the year. the AGM on 27.7.2019 and a second meth'ng on 14.12.2019 (Oleg Prokofievs birthday) lo discuss the aFpliCati￿s. Further VQhafsApp groLP communications were made following these meetings. ft)Ik)wing up (xwing administrative tasks and to f￿alISe decisions relalirvJ to thè large number of applicatr)ns received this year. At the AGM on 27.7.2019, the accounts were presented and agreed. progress with appli(2tions vras dIs￿SSed, and a decision made to reinvest ￿Y excess fvnds. A decision ￿as taken to share responsibility for monitoring the email account. and other tasks were shared out induding urxlating of the b%ebsite. promotions, bank account updates, and accÈss to the account to pay nvol￿S aThJ monitor the accx)unL We tasked a cont&t" Harna to promote the tTUSt through social m&Jia and other artisfs netw￿5 which believe was highly successful given Ihe increased number of high qualty gr&rt applications we re￿iVed by our deadline in November 2019. At the second meeting on 14. 12.2019, the updated accounts were agreed by all trustees following which they were then passed on to the accounL2nt to prepare the ftiancial reports. As oullined earlter in this reporL the meetings primary focus was to diS￿sS the large number of applicat¥￿s received in this year. A dis￿55￿￿ to expk)re widening the wrpose of the trust also took pla￿. It was agreed Ihat a further meeting was needed to continue this dis¢ussKJn as it may Mivofve tharYJes to the nature of the tnjst's grant giving. Unfortunately due to the ¢￿rrent circumstances, this meeting did not go ahead in early 2020 as planned, and has been postpcned to Feblmarch 2021. Section E Financial review Brief statement of the charity's policy on reseNes Any reserves will be kept until the following year or transferred for reinvestmenL Details of any funds matsrtalty in defiGit WA Further financial review details {Optional inforniation) You may choose lo ir￿ude additional infomiation. W￿re relevant about: the charity's princpal sour￿$ of funds (including any fundraising),. how expenditure has supported the key objeth'ves of the chatity; investment policy and objectives induding any ethital investrnent policy adopted. See separate financial reporL Section F Other optional information Section G Declaration Tho trustees declare that they have approved the trustees, report above. si9r￿d on behalf crf the charitvs trustees Signature(s) Full naffds) Position (eg Secretary, Chair, etc) Anastasia Prokofiev Trustee, Treasurer, rotatiro Chair 22.1.2021 ||Oleg Prokofiev Trust|Oleg Prokofiev Trust|Oleg Prokofiev Trust|Charity No
(if any)|1156800|**CC17a**| |---|---|---|---|---|---|---| ||Annual accounts for theperiod|||||| ||Period start date|**06/04/2020**|**To**|Period end
date|05/04/2021|| |||||||| |**Section A**|**Statement of financial activities**|||||| |**Recommended**
**categories by activity**
**Details of own**
**analysis**
Note
**Incoming resources (Note 3)**
**Incoming resources from**
**generated funds**
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
**Incoming resources from**
**charitable activities**
S04
**Other incoming resources**
S05
S06
**Resources expended (Notes 4-8)**
**Costs of Generating Funds**
Costs of generating voluntary
income
S07
Fundraising trading costs
S08
Investment management costs
S09
**Charitable activities**
S10
**Governance costs**
S11
**Other resources expended**
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
**_Total funds carried forward_**
**Total funds brought forward**
**_Net movement in funds_**
**_Net incoming/(outgoing) resources before_**
**_transfers_**
Gains and losses on investment assets
Gains and losses on revaluation of fixed assets
for the charity’s own use
**Other recognised** **gains/(losses)**
**_Net incoming/(outgoing) resources before_**
**_other recognised gains/(losses)_**
**Gross transfers between funds**
**_Total resources expended_**
**_Total incoming resources_**||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05||||| |||-|-|-|-|-| |||27,500|-|-|27,500|24,984| |||-|-|-|-|-| |||-|-|-|-|3,230| |||-|-|-|-|-| |||-|-|-|-|-| |||27,500|-|-|27,500|28,214| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||4,046|-|-|4,046|24,776| |||457|-|-|457|390| |||-|-|-|-|-| |||4,503|-|-|4,503|25,166| |||22,997|-|-|22,997|3,047| |||-|-|-|-|-| |||22,997|-|-|22,997|3,047| |||||||| |||-|-|-|-|-| |||3,029|-|-|3,029|11,776
-| |||26,026|-|-|26,026|8,729
-| |||258,576|-|-|258,576|267,304| |||284,602|-|-|284,602|258,576| CC17a (Excel) 05/11/2021 1 |**Section B Balance**|**Section B Balance**|**sheet**||||| |---|---|---|---|---|---|---| |**Fixed assets**
**Tangible assets (Note 9)**
**Investments (Note 10)**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 12)**
**Provisions for liabilities and charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted income funds (Note 13)**
**Endowment funds(Note 13)**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Note
B01
B02
B03
B04
B05
B06
B07
B08
B09

B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20|**Unrestricted**
**funds**
**£**
F01|
**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05|| |||-|-|-|-|-| |||-|-|-|-|-| |||203,472
|-
|-
|203,472
|200,242| |||~~203,472~~|~~-~~|~~-~~|~~203,472~~|200,242| |||||||| |||-|-|-|-|-| |||3,029|-|-|3,029|3,230| |||-
|-
|-
|-
|-| |||~~78,341~~
|~~-~~
|~~-~~
|~~78,341~~
|55,344| |||~~81,370~~|~~-~~|~~-~~|~~81,370~~|58,574| |||||||| |||240|-|-|240|240| |||||||| |||~~81,130~~|~~-~~|~~-~~|~~81,130~~|58,334| |||||||| |||~~284,602~~|~~-~~|~~**-**~~|~~284,602~~|258,576| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||~~284,602~~|~~-~~|~~-~~|~~284,602~~|258,576| |||||||| |||284,602|||284,602|258,576| |||-|||-|-| ||||-||-|-| |||||-|-|-| |||||||| |||~~284,602~~|~~-~~|~~-~~|~~284,602~~|258,576| |||||||| |||Signature||Date of
approval
Print Name||| |||||||| |||||||| CC17a (Excel) 05/11/2021 2 ## **Section C Notes to the accounts** ## Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with: - Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005); • and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE); - and with the Charities Act. _**Give details in this box if a different standard has been followed.**_ - -Tick as appropriate: - if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”; - if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick - “Financial Reporting Standards for Smaller Enterprises (FRSSE)”. ** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes. ## **1.2 Change in basis of accounting** There has been no change to the accounting policies (valuation rules and methods of accounting) since last year. _**Give details in this box of any material changes that have been made.**_ - § if no changes have been made to accounting policies then delete these words. ## **1.3 Changes to previous accounts** No changes have been made to accounts for previous years. _**Give details in this box of any material changes that have been made.**_ - §§ if no changes have been made to accounts for previous periods then delete these words. CC17a (Excel) 05/11/2021 3 ## **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies** _**This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.**_ ## **INCOMING RESOURCES** |**Recognition of incoming**|These are included in the Statement of Financial Activities (SoFA) when:| |---|---| |**resources**| the charity becomes entitled to the resources;| || the trustees are virtually certain they will receive the resources; and| || the monetary value can be measured with sufficient reliability.| |**Incoming resources with**|Where incoming resources have related expenditure (as with fundraising or contract income)| |**related expenditure**|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**|Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to| |**and gifts**|which they relate.| |**Contractual income and**|This is only included in the SoFA once the related goods or services have been delivered.| |**performance related grants**|| |**Gifts in kind**|Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.| ||Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or| ||distributed by the charity.| ||Gifts in kind for use by the charity are included in the SoFA as incoming resources when| ||receivable.| |**Donated services and**|These are only included in incoming resources (with an equivalent amount in resources| |**facilities**|expended) where the benefit to the charity is reasonably quantifiable, measurable and material_._| ||The value placed on these resources is the estimated value to the charity of the service or| ||facility received.| |**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 receivable.| |**Investment gains and losses**|This includes any gain or loss on the sale of investments and any gain or loss resulting from| ||revaluing investments to market value at the end of the year.| |**EXPENDITURE AND LIABILITIES**|| |**Liability recognition**|Liabilities are recognised as soon as there is a legal or constructive obligation committing the| ||charity to pay out resources.| |**Governance costs**|Include costs of the preparation and examination of statutory accounts, the costs of trustee| ||meetings and cost of any legal advice to trustees on governance or constitutional matters.| |**Grants with performance**|Where the charity gives a grant with conditions for its payment being a specific level of service| |**conditions**|or output to be provided, such grants are only recognised in the SoFA once the recipient of the| ||grant has provided the specified service or output.| |**Grants payable without**|These are only recognised in the accounts when a commitment has been made and there are| |**performance conditions**|no conditions to be met relating to the grant which remain in the control of the charity.| |**Support Costs**|Support costs include central functions and have been allocated to activity cost categories on a| ||basis consistent with the use of resources, eg allocating property costs by floor areas, or per| ||capita, staff costs by the time spent and other costs by their usage.| |**ASSETS**|| |**Tangible fixed assets for use**|These are capitalised if they can be used for more than one year, and cost at least £500. They| |**by charity**|are valued at cost or a reasonable value on receipt.| |**Investments**|Investments quoted on a recognised stock exchange are valued at market value at the year| ||end. Other investment assets are included at trustees' best estimate of market value.| |**Stocks and work in progress**|These are valued at the lower of cost or market value.| |**POLICIES ADOPTED**|| |**ADDITIONAL TO OR**|| |**DIFFERENT FROM THOSE**|| |**ABOVE**|| CC17a (Excel) 05/11/2021 4 ## **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of incoming resources** ## _**Incoming resources may be further analysed if this would help the reader of the accounts.**_ |**Activities for generating**
**funds**
**Investment income**
**Incoming resources from**
**charitable activities**
**Voluntary income**|**This year**
**Last year**
**£**
**£**
**Analysis**|**This year**
**Last year**
**£**
**£**
**Analysis**|**This year**
**Last year**
**£**
**£**
**Analysis**| |---|---|---|---| ||Trust Members Annual Contribution|25,000|10,000| ||Gift Aid|2,500|3,750| ||Rupert Will Donation|-|11,234| |||-|-| |||-|-| ||**Total**|27,500|24,984| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||Bank Interest|-|-| ||Investec Portfolio Income|3,029|3,230| |||-|-| |||-|-| |||-|-| ||**Total**|3,029|3,230| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| CC17a (Excel) 05/11/2021 5 ## **Section C Notes to the accounts (cont)** **Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounts.** |**Investment**
**management costs**
**Costs of generating**
**voluntary income**
**Fundraising trading**
**costs**
**Governance costs**
**Charitable activities**|**This year**
**Last year**
**£**
**£**
**Analysis**|**This year**
**Last year**
**£**
**£**
**Analysis**|**This year**
**Last year**
**£**
**£**
**Analysis**| |---|---|---|---| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||Grant Payments 19/20|-|24,776| |||-|-| ||||| |||-|-| |||-|-| ||**Total**|-|24,776| ||||| ||Annual Public Address Service|150|150| ||Company Secretarial Support|-|-| ||Publicity|-|-| ||Independent Review|240|240| ||**Total**
|390|390| CC17a (Excel) 05/11/2021 6 ## **Section C Notes to the accounts (cont)** ## **Note 5 Support Costs** _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_ |**_support costs._**||||| |---|---|---|---|---| |**Support cost type**|**Fundraising activity**
**£**|**Charitable Activity**
**£**|**Governance Activity**
**£**|**Total Cost**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| |**Total**|-|-|-|-| ## **Note 6 Details of certain items of expenditure** ## **6.1 Trustee expenses** _**Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).**_ **Number of trustees who were paid expenses Nature of the expenses Total amount paid** |**This year**|**Last year**| |---|---| ||| ||| |**£**|**£**| ## **6.2 Fees for examination or audit of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).**_ |**_the appropriate box(es)._**||| |---|---|---| |**Other fees (for example: advice, consultancy, accountancy**
**services) paid to the independent examiner or auditor**
**Independent examiner’s or auditors' fees for reporting on the**
**accounts**|**This year**
**£**|**Last year**
**£**| ||240|240| |||| CC17a (Excel) 05/11/2021 7 ## **Section C Notes to the accounts (cont)** **Note 7 Paid employees** _**Please complete this note if the charity has any employees.**_ ## **7.1 Staff Costs** |**Fundraising**
**Charitable Activities**
**Governance**
**Other**
**Total **
**7.2 Average number of full-time equivalent employees in the year**
**Employer’s National Insurance costs**
**Pension costs**
**Total staff costs**
**Gross wages, salaries and benefits in kind**
**The parts of the charity in which the**
**employees work**|**Fundraising**
**Charitable Activities**
**Governance**
**Other**
**Total **
**7.2 Average number of full-time equivalent employees in the year**
**Employer’s National Insurance costs**
**Pension costs**
**Total staff costs**
**Gross wages, salaries and benefits in kind**
**The parts of the charity in which the**
**employees work**|**This year**
**£**|**Last year**
**£**| |---|---|---|---| |||-|-| |||-|-| |||-|-| |||-|-| ||||| ||**nt employees in the year**|**This year**
**Number**|**Last year**
**Number**| ||**Fundraising**|-|-| ||**Charitable Activities**|-|-| ||**Governance**|-|-| ||**Other**|-|-| ||**Total **|-|-| ## **7.3 Defined contribution pension scheme** _**Please complete if a defined contribution pension scheme is operated.**_ **Brief details of the scheme** **The costs of the scheme to the charity for the year The amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end** ||**This year**|**Last year**| |---|---|---| ||**£**|**£**| |||| |||| |||| CC17a (Excel) 05/11/2021 8 ## **Section C Notes to the accounts (cont)** ## **Note 8 Grantmaking** _**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_ ## **8.1 Total value of grants** |**8.1 Total value of grants**||| |---|---|---| |**Purpose for whichgrants made**|**Grants to**
**institutions**
**Total amount £**|**Grants to**
**individuals**
**Total amount £**| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| |**_Total_**|**-**|**-**| ## **8.1 Grantmaking costs** _**If the charity’s accounts are prepared on the “activity basis” please give details of any support cost associated with grantmaking. Please enter “Nil” if the charity does not identify and/or allocate support costs.**_ ## **Support costs of grantmaking** **£** ## **8.3 Grants made to institutions** _**If the charity has made grants to particular institutions that are material in the context of its grantmaking please give details of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient information should be given to provide a reasonable understanding of the range of institutions supported.**_ |**_institutions supported._**||| |---|---|---| |**Names of institutions**|**Purpose**|**Total amount of**
**grantspaid £**| |||-| |||-| |||-| |||-| |||-| |||-| |||-| |||-| |||-| |||-| |**_Total grants to institutions_**||**-**| CC17a (Excel) 05/11/2021 9 ## **Section C Notes to the accounts (cont)** ## **Note 9 Tangible fixed assets** ## _**Please complete this note if the charity has any tangible fixed assets**_ ## **9.1 Cost or valuation** |**Freehold land**
**& buildings**
**Other land &**
**buildings**
**Plant,**
**machinery and**
**motor vehicles**
**Fixtures,**
**fittings and**
**equipment**
**Payments on**
**account and**
**assets under**
**construction**
**Total**
**£**
**£**
**£**
**£**
**£**
**£**
Balance brought
forward
- - - - - -
Additions
- - - - - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers *
- - - - - -
Balance carried
forward
- - - - - -
****Basis**
SL or RB
SL or RB
SL or RB
SL or RB
SL or RB
**** Rate**
Balance brought
forward
- - - - - -
Depreciation charge
for year
- - - - - -
Impairment provisions - - - - - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers*
- - - - - -
Balance carried
forward
- - - - - -
Brought forward
- - - - - -
Carried forward
- - - - - -
**9.3 Net book value**
**9.2 Accumulated depreciation and impairment provisions**|**Freehold land**
**& buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery and**
**motor vehicles**
**£**|
**Fixtures,**
**fittings and**
**equipment**
**£**|**Payments on**
**account and**
**assets under**
**construction**
**£**|**Total**
**£**| |---|---|---|---|---|---|---| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| |||||||| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ## **9.4 Revaluation** _**If any fixed assets have been revalued please give details of the valuer and method of valuation**_ > _* The "transfers" row is for movements between fixed asset categories._ _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._ CC17a (Excel) 05/11/2021 10 ## **Section C Notes to the accounts (cont)** ## **Note 10 Investment assets** ## _**Please complete this note if the charity has any investment assets.**_ ## **10.1 Fixed assets investments** |**Add/(deduct):**net gain/(loss) on revaluation
Carrying (market) value at beginning of year
Carrying (market) value at end of year
**Add:**additions to investments at cost
**Less:**disposals at carrying value|**£**| |---|---| ||208,797| ||3,221| ||-| ||3,029| ||215,047| ## _**Please provide below:**_ **10.2 A breakdown of the market values of investments shown above agreeing with the balance sheet row B03.** ## **10.3 A breakdown of the income from investments agreeing with SOFA row S03.** |**Investments in subsidiary or connected undertakings and companies**
**Analysis of investments**
**Other investments (Bank Interest)**
**Total**
**Investment properties**
**Securities not listed on a recognised Stock Exchange**
**Cash held as part of the investment portfolio**
**Investments listed on a recognised stock exchange or held in common**
**investment funds, open ended investment companies, unit trusts or other**
**collective investment schemes**|**10.2**
**Market value at**
**year end**
**£**|**10.3**
**Income from**
**investments for**
**the year**
**£**| |---|---|---| ||-|-| ||203,472|200,242| ||-|-| ||-|-| ||-|-| ||-|-| ||203,472|200,242| ## **10.4 Material investment holdings** **If any single investment is material in terms of its value (for example represents more than 5 per cent of the value of the charity’s total investments) please provide details.** Investec Wealth & Investment Limited **Investment held** 203,472 **Market Value** CC17a (Excel) 05/11/2021 11 ## **Section C Notes to the accounts (cont)** ## **Note 11 Debtors and prepayments** ## _**Please complete this note if the charity has any debtors or prepayments.**_ |**Analysis of debtors**
**Trade debtors**
**Amounts due from subsidiary and associated**
**undertakings**
**Other debtors**
**Prepayments and accrued income**
**Total**
|
**Amounts falling due**
**within oneyear**|
**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||3,029.0
|3,230.0
|-
|-
| ||~~3,029.0~~|~~3,230.0~~|~~-~~|~~-~~| ## **Note 12 Creditors and accruals** _**Please complete this note if the charity has any creditors or accruals.**_ **12.1 Analysis of creditors** |**Loans and overdrafts**
**Trade creditors**
**Amounts due to subsidiary and associated**
**undertakings**
**Other creditors**
**Accruals and deferred income**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||240
|240
|-
|-
| ||~~240~~|~~240~~|~~-~~|~~-~~| ## **12.2 Security over assets** _**If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.**_ CC17a (Excel) 05/11/2021 12 ## **Section C Notes to the accounts (cont)** ## **Note 13 Endowment and restricted income funds** _**Please complete this section if the charity has any endowment or restricted income funds.**_ ## **13.1 Funds held** **Please give a brief description of any of the following type of funds held by the charity:** - **permanent endowment funds (PE);** - **expendable endowment funds (EE); and** - **restricted income funds, including special trusts, of the charity (R).** **Type PE, EE Fund Name Purpose and Restrictions or R** ## **13.2 Movements of major funds** _**Please give details of the movements of the major funds summarised in the restricted and endowment columns of the Statement of Financial Activities.**_ |**Fund names**|**Fund**
**balances**
**brought**
**forward**
**£**|**Incoming**
**resources**
**£**|**Outgoing**
**resources**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |---|---|---|---|---|---|---| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| |**Total Funds**|-|-|-|-|-|-| ## **13.3 Transfers between funds** ## _**Please give details of any transfers between funds.**_ **From Fund (Name) To Fund (Name) Reason Amount** CC17a (Excel) 05/11/2021 13 ## **Section C Notes to the accounts (cont)** ## **Note 14 Transactions with related parties** _**If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details of such transactions should be provided in this note. If there are no transactions to report, please enter “None” in the relevant boxes.**_ ## **14.1 Remuneration and benefits** _**Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or other related parties by the charity or any institution or company connected with it.**_ |**Name of trustee or connected party**|**Legal authority (eg order,**
**governing document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**| |---|---|---|---| |||**This year**
**£**|**Last year**
**£**| ||||| ||||| ||||| ## **14.2 Loans** _**Please give details of and amounts owing to or from the charity’s trustees or other related parties by the charity at the year end.**_ |**Due to trustees and**
**related parties**
**Due from trustees**
**and related parties**|**Name of trustee or**
**connected party**|**Legal authority**|**Amount owing**|**Amount owing**| |---|---|---|---|---| ||||**This year**
**£**|**Last year**
**£**| |||||| |||||| ## **14.3 Other transaction(s) with trustees or related parties** _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or related party has a material interest.**_ |**Name of the trustee**
**or relatedparty**|**Relationship to**
**charity**|**Description of the**
**transaction(s)**|**This year**
**£**|**Last year**
**£**| |---|---|---|---|---| |||||| |||||| |||||| CC17a (Excel) 05/11/2021 14 **Section C Notes to the accounts (cont)** ## **Note 15 Additional Disclosures** **The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.** CC17a (Excel) 05/11/2021 15 (NARIIY (QMMISSION Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Oleg Prokofiev Trust On accounts for the year ended S April 2021 Charity no (if any) 1156800 Set out on pages Respective The charity's trustees are responsible for the preparation of the accounts. responsibilities of The charity's trustees consider that an audit is not required for this year trustees and examiner under section 144 of the Charities Acl 2011 {the Charities Act) and Ihal an independent examination is needed. 11 is my responsibility to.. examine the accounts under sertion 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 14515}Ib) of the Charities Act, and to state whether particular matters have come to my attention. Basis of independent My examination was carried out in accordance with general Directions given examiner's statement by the Charity Commission. An examination includes a review of the accounting records kept by the 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 explanations from the trustees Goncerning 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 lo whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent In connection with my examination, no matter has come to my attention examiner's statement 1. which gives me reasonable cause to believe that in, any material respect, the requirements.. lo keep accounting records in accordance with section 130 of the Charities Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met., or 2. to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached. Signed: Date: 8th November 2021 Name: Sarah Steel Relevant professional qualificationls) or body (if any): CIMA- Fellow Address: 181a Park Road, Timperley, Altrincham, WA15 6QZ IER March 2012