4D i-lJ->l-
REGISTERED COIIP.4NI' NI'IIBER: 10792729 {Engl#nd Il'ales)
REGISTEREDCHARITI. II'IIBER: 1173946
REPORT OF THE TRI'STEES AND
'￿AlIDITED FIIYA
. TEIIENTS FOR TIIE I E.4R ENDEDlL￿1Él&￿￿L24
AL4RI FOL'ND.4TION
CHRISTOS L_-
PANI. LI.MITED BTr'
Chris Skarparis & Co Ltd
Charnered Accounw)
2nd FlTh)r
10(bl Aldernians Hill
Palmers Green
Lonth)n
13 4PJ

CHRISTOS L4Z.4RI FOL'ND.4TIO
COITENTSOFTHE FII.4NCI.4L ST.4TEIIENTS
FOR THE I'EAR E%DED31 .%IARCII 2024
Page
Re￿rt of ihe Trn$iees
Independent Ex#miner'5 Rewrt
S¢gtement of Financial Acti%ities
BAl*nte Sheet
10 ￿ 11
C#5h Flow St8ttrnent
12
Notes ¢0 th¢ Cish Flow Si•lemmit
13
iyotes to ihe Flnanelil ￿lleMents
14 ￿ 20

HRISTO
L.4ZARI FOI'ND. T
ERED %I'IIBER'
079
729
REPORT OF THE TRI"STEES
FOR THE I'EAR ENDED31 .11.4RCH 2024
The tyus¢¢es who are also direc¢ors of the charity for the purwses of the Comwjies Act 2006. present their report with
the financial statements of rhe charity for the )'ear ended i l March •O?4. The injsiees have adopted the provisions of
Accounting and Reporting by Charities." Statement of Recommended Pjxciice applitable to chariiies preparing their
accounts in accordance ￿1th the Financial RetK>rting Siandard applicable in the LK and Republic of Ireland IFRS 10?)
(effective l Januar) 2019).
Trustees:
Mr5 M LaLqri
Mr L LazaTi
Mr N La￿l
MrN K Pdoussis
Mrs Z Proiopapas
srRIICFLTRE. GOVERNANCE AND IMAY.4GE,%IE%T
Governing document
The charity is controlled by it5 governing d(KumenL a deed of trusL arwj consiitutes a limited cornpany, limited by
guardnfft, as defjned bv the Companies Aci ?IX>6.
REFERENCE .4ND ADIIINISTRATII'E DET.411S
Regi5ttred Comwn). number
1079?729 IEngland and Wales
Registered Charity number
1173946
Registered
Accuri5t House
44 Baker Stree¢
London
WIU7BR
Page I

CHRisfos L.4Z.4RI FOI'%D.4TIO
REGISTERED NL"IIBER: 10792729
REP
RT
F THE TRI'sfEES
FOR THE I"EARE)DED31 11.4RCH 2024
Tru5tee5
O%'erview
The Christos Lazari Foundation Ilhe FOur￿8(10n") is pleased ￿ present the TTUStee'5 Annual Rewrt and Financial
St￿eMents for the period Isi April ?02i to ilsi March ?0?4.
This period covers one of ihe challenging year5 for ￿)Ciety. knih in ihe LIK and woddwide. The p)si-Covid period
has not been a lirne of recovery thai was hO￿d for. Globa] ynresL political uncertaint). and esca]ating costs M'lthin the
UK ¢reaied anoiheT Challenging year. As a rtsulL this h&s had a si?nific3ni impact on the charity and voluntary. sectOT.
As ¢haTiti¢s contsnue to wjapi io such Challenging iimth the￿ is unprecedented dejlland for their support and services
causing further srrin on resourtes.
We are pleased to repoT¢ IK)wever, the Christs)s Lazari F<￿￿tiOn has remained resilient. We continue io fulfil our
mission in supporting 18 many individuals and charitable organisations as M'e can. in order to promote public benefji.
Since the Foundation's incepiion in ?017. a total of ninery-six donations have been made. iots]Iing £808,753. including
the year in question. This excllldes a £75.0(K) S￿la] investment for public benefit. During the financial )¢ar under
review. Th¢ Fouthd*ion has wtwle fifieen th)n￿LOn& amouniing ￿ £120 ?7?
Structure. Governance and ManAgetyen¢
Tru5tee5
The Foundation was fomied in Tnemory and in hO[￿￿r of the [￿e Chrigos La2ari." husband to Maritsa and father ￿ Len.
Nichol&s and Andrie Lazari. The Foundation w&$ tncorwrdied as a charitsble compani limited by guaranltt (company
number. 1079?7291 on 26th Ma). 2017 and is goi'erned b). its Memordndum and Artieles of .4$￿￿lation. The
Foundation is registe￿ with the Charity Commission in England and Wales Ichan"ty number". 11739461.
The Board of Tnjsiees consists of the four aiKbverneniioned member5 of the LazAri famili. 31ongside tsyo Independent
Trnstees. Nicos PetOU5sis and Zoe Proiopapas. The Board of Tru5tee5 is re5ry)nsible for overseeing th¢ Foundation's
Strdiegy and perfomiancc. overdll management and ¢ontsDI of its operation. and funding ￿lOCatIon. The Trusiees do not
receive any remunerdti¢)n.
Our operdtion and m2nAgemtht
The Foundation's g)le source of funds deri%'es fmm the rental In¢ome generated fiDm three commercial investment
prop•lies ai 29-i3 High Road. Wwd Gffen. London N2? held frtelK)Id and unencumbered. The Foundaiion doe5 not
undertake any fUnd￿Sing.
Ongoing &s5et mawemeni of the propknies owned by the Found￿10n is undertak'en by Lazari Investments Managetnent
Limited, pro b)no. This provisÉon of seThi¢es is documented b). M7y of a Management Agreement daied 13th July 2017.
There are no volur)teers WOTking direcil). for the Christos LazaTi Foundation.
In line with its gTh￿t TnakÈng rK>licy. the Board of Tntstees elldeavou￿ to hold quarterl%' meeiin?s to Consider ils
operational management and assesses fundino appliC￿lOnS made to the Charif).. artd appToi'¢s donations to be made in
accordanc£ with the Foundation's goveming objective5 Idaailed below). In addition. the Trustees revitr% the financial
ststus of the Foundation's income. reseTh¢s and oper*iollal costs. atMI implemeni w)licies ￿ miii8a* cosi and assess risk
exposure.
Objeetives
Our Foundation's objeaive. as set out wÈthin the .4rticles of AssocI￿10n. is ￿ grani donations to orgartisations and
individuals promoiing charitable eauses for public benefiL p8rnicularl)' bui Mithout limiiaiion 10.-
I l the Greek Orthodox Church and other faith orwiisation5
21 charitable organisations w'ith link5 to or &ssociations with Greeee and1wc￿us
31 the advancement of health ihrough scientifie research in the LK
415uch OTher purpose as the Twstees shall from time to lime think fit. * their aknluie discretion.
Page ?

CHtUSTOS LAZARI FOI.'ND.4TIO
REGISTERED NI'IIBER: 10792729
REPORTOFTHE TRI"STE
FOR THE I"EAR E.NDED31 IIAR
H 2024
Grant mAking policy
Grants made bj the Foundation are & the discrdton of the Board of TnJ5tee5. providing grants to charitie5 and worthy
cau5e5 operating in fields consistent wsth its objectives arbd princip￿ PUTP)ses. No grants a￿ gilen to organisaiions
atTiliaied wilh poliii¢al parties or pt￿m￿l￿g p)liti¢a] causes.
The Board of Tnjstees considers ajl fijndtng appli￿lonS received withtn each qllarterl%' peri(Ml ar￿ selects the successful
applicants. We undertak'e thorough due diligence and background checks to veTifi' each application, prior to
tsll5ideTaiion by the Board. Each 5ucce5sful recipient 15 fK)tified in writing with a coi'ering letter along with a Grant
Agreem¢nt Stipul￿lng the i¢rms and ¢ondii*)ns atta¢hed ￿ the grani. ￿hleh is signed b>. Th¥0 of the Follndaiion's
Trustees and up to two auihoriscd signatories on khalf of the recipient charity individual. Thi5 pr(Ke55 M'a5 estsblished
in line thith the ChariTh' Commission regulotorv ftam¢thork' and acts as an addiiional &ssessmeni and evaluation tool io
ensure that the intended gTant is ￿llIsed forihe specific charithle PUryK>se only.
Financial Review
As at 31st March 2024, the properties held UnencuM￿red b>. the Foundation Imthich provide Ét5 sole source of income)
were 5ndependentl) N'alued by JLL at £2.8 millK)n 120?3.. L?.8 millÉonl. refiecting change in the market vaiuaiion of
the Foundation's capital ￿sets.
At the fjnaneial year end, the annual rentsl tncome frorn these properties incre&sed 4.1￿/0 to L?05.054 1?022..
£196.9591. As at the year end, the Il'eighted Ai'etage L'nexpJr¢d Lease T¢mi Ill'ALiLTI of ihe commercial properties
stood at ?.6i )'ears. This is due to the expiry of orte of the rthl units commercial lea8es aT￿ further lease expiri￿ of the
oiher rethil units under 3 years.
We expect the WALLT of the Foundation io improve as a result of a new letting at ?9 High Road. Following Greggs PIC
holding over during a ?.5-)'ear peTi(NJ. the tenant opted rM)t to leTte￿ their lease and subsequentl) sejved a Noiice of
Discontinuation on 5th June 20?4. ￿ vacaie the premises on 4th September ?0?4. Further io a successful Ma￿tting
catnpaign. a tenant was secured. with a COTnpltlion date of 18th SepTeTnber ?0?4_ The letting se¢ures an in¢rease tn
annual reni 10 £75,IXM) p.a. lfrom the £46.100 p.a. thai was king reeei¥td preN'touslJl. The letting is secured against a
3-month deFQ51t totallino
£18.750. ImrM)rLqntl)'. the new ienani plans to rein5taie the up5taiws into a residential flaL ￿.hIle
the downsthirs will be fitted out as a l)ot fo(Ml thk"eaMaJ_ The lease will be for fjfieen )'ears. outside the Landlord and
Tenani Aa. with an upw'ard-only rent review's ever¥. 5 )'ears. ￿'e h8I'e agreed half reni for the fiTS1 N'elve month> rdther
than grani a pure fvmonih ren¢-frte petiol $0 a$ 10 genen* an in¢om¢ of £37JIX> forthe initial Je8r of the le&se.
The reEnaining two retail prO￿rtieS have le&se expires in Iktober 7026 and May ?0?8 respeciively. There are
outstanding reni r¢views on t*)th, bui with ntl in¢r¢as¢ anticI￿¢d. There are Th) arrears in respect of Ihese properties.
The residential properties are let and the tenants are holding over ￿kn11st negotiations for reneM*ls are underway.
The Tetail units are cttupied with teT￿￿ considerd ￿ have rtl*ively gthxl ¢oven2ni strength. The residential units
remained fully occllpied ihrollghoui the year under review. without the Foundation incurring void costs. Dunng the
period in question. rent collection retnained Stable. shoM'Lasing the resilientt of our pn)penies. despiie th¢ e￿nomiC
IRckground.
The Board of Tntstees remain confident in the ￿￿[Or￿arKe of the prowtie% considering their densely populaied
l(Kation on a promineni high street Mith g￿] ￿estrIan tlow and a mark'ei seTh'ing the l(Kal cornrnuniry Te5idents.
Local high streety such as the High R03d in l¥'LKxJ Green. cimjlinue to open* Mell as residents inkest loc￿]Y and give
back to their¢ommunity.
Charitie& like a]5 pwplt and organisation% ojntinue to (yrrate and adw against a background of ongoing pressures and
uncertainties. Infl￿10n fell from a fow'-one ycar high in November ?0?? of I l.Ol°yb to 3.OV/• In March ?0?4. This
mains high compared to historic levels and h&$ driven up lThiere￿ Me5. contributed to the ¢osi of living Crisis and
Created increased demand on the Charity and voluntary. s¢dor.
Pa8e 3

CHRisfos LAL4RI FOI'%DATIO
REGISTERED NI"IIBER: 10792729
REPORTOF THE T￿l"S￿
R THE I'EAR ENDED
Risk ￿l￿N￿geT￿ent and Opportunities
The Foundation has no debi or finance wsts as il IK*lds the frtehold of the three commercial investment propertie5
unencuTnbered. We also retain Sufficient c&sh reserves to aci as o buffer. allowing th¢ Foundation io med its runnin
cosis and outgoings for the propertie5 as well a]lowing for emergenc>. funding for charithble n¢¢ds. Excluding ihe
ieniial of any future r¢nt l¢M. resuliing from the pwibility for defaulting tenants. and retail and residential letting
voids, the Foundation d(￿S noi face any ￿￿e1Ved risk exFrf)sure as ￿ the financial )'earend.
Neverthele55. the Board of Trustees actively revi¢ws the FoUr￿￿10n.5 ot¢rdtions. its busirhess plan ond its annual budgei
in order to monitor an). F<)tential threats and'or risks that may impath on rhe perfornance of the Portfolio. as w¢ll as
ideniifying oppN)rtuniiies thai may arise. with a particular emphasis ott loss of any re&1 or r￿￿1187 rental income. as
well &s fuiure rK>ssibilities to ¢nhan¢e ren￿ income.
Achit%'ernent5 and P¢rforman¢e
The Board of Trnsiees are pleased ￿ reF￿rt ihai fjfteen dorbations w'ere made in support ofehaTithble causes throughout
the year under review. The ￿al amotsnt of don*ions made was £120.272. Dethils of each o( the grants. split in four
broad cate8orie5. aligning wilh oyr overarching objeuives. are lisied below.
In summary. the Foundation h&$ made 2 (knn*ion5 in syppjrt of medical researclv health charities: ien donaiions in
supw)rt of social Service￿ community chariiies: I donation towards an organi￿Lon relating io the Greek Orthodox faith,.
8nd 2 &)naiion io individual% one seekin8 financial for rnedical treaknent and the latier ioward5 PhD studie5.
Medical Re5eArrh l Heglth Chgritles
I l Muscular Dj'strophy UK- £15.000
Funding iowafds The organI￿lOn,$ research campAi8n for projects In￿ treamients and cures for muscle-w8siing
conditions.
21 Asihma and Lung UK- £5,C(KI
Funding toward$ life-sJvin8 resca￿h and innovaiion projea& ￿ help i1￿¢ suffering from lung ¢ondition5 in th¢ UK.
Social Servlces I Comrnunlty
I I C'hickenshed- £?O.000
Grani iowards this in¢lusive the￿Ie company workin8 Wlth children )'oung pe<)ple of all ages. ba¢kgTounds and
biliiie5 to Create theatre productions and PTovid¢ perfornian¢¢ training ond ¢dLhc*ional course& &s well ￿ outreach
projects.
21 Cyprioi Communiry Centre- £10.000
Grant towards the purchas¢ of a ULEZ compatible and ada￿ed minibus used ¢0 provide trdnsporf to Cjpriol elderly
members And those with disabilities. who attend ihe Centre and benefil from the services and a5515tantt provided 10
them ihere.
31 MarM)r Hill Greek SclMMTrI- £IO.OIK
Funding io SUPPOrt the operntion of the Sch￿[. and to proM￿t the Greek lan8LW. dancin8 arml 5ingin8.
411 Can Danc¢- £lO.000
Funding towards a wre pyogramme of inclusive d•Ke xtiviiies for children and young ￿￿lts with profound
complex learning and physical disabiliLLes.
5} Mindsiead TriJsi- £5,000
Funding towards the Trust's work in sup1￿lTr8 [￿PIe with learnin8 disabilitie5 and autism, by offering them
opportunities ￿ dev¢lop work and life skills.
61 Schwl of B)'zantine Music- £5.￿10
Coniribuiion towards ihe njnning ¢osts of the s¢h)ol, which ¢n¢ourages children and youn8 p￿PIe to take up cl&sses in
Byzan¢ine Music fortheir enjoyment and knefrt.
71 Royal Hospital for NeUr￿lSability- £5,000

CHIUSTOS L4Z.4RI FOLND.4TIOI
REGISTERED %I"%IBER: 10792729
REPORT OF THE TR '.STEES
FOR THE I"E.IR ENDED31 IIARCH 21124
Funding towards the Hardship Fwid. ￿hleh assists patients with a range of neurologlcal eonditions and brdin injurie&
and their families, who are experiencÉng fjnanciai dilTiculties.
81 Mak"e A Wish UK. £5.IMK)
Funding io help fulfLI the wishes of criticall). ill children in the UK providing them with life changin8 experiences and
special memories.
91 Self Injury SUp￿rt- £5.1)00
Fundtn? I0￿8rdS supp)rting those atTe¢*d by s¢lf-ham) through the wovision of self-help t(x>ls and a UK- wide.
multi-channel supw>rt service.
101 Willow Foundation- £i.(
Funding of Special Da), services which Éncludes day knp5. short breaks and experiences for voung adults who
are living with a lif¢ ihr¢at¢ning or life liming illnes& providing ihem wilh llplifting and unforgettable memories.
Greek Orthodox Faith
I l Greek Orthodox Archdi(K¢se of Thyaleird and Great BTitain- £6.5(Kl
Contribution ￿WordS the ￿$ts rel*it)g ￿ the Chrisrmas ¢arol servi¢¢s in tkcember ?023 held at ihe Archdi(Kesan
Caihedrdl.
Applications by IndividuAb
I I Paris Achileos- £IO,IK>O
Financial assisrance to cover medi¢a] and a9￿la￿d expenses whilst in the UK to receive treatment for Acute
Lymphoblastic Leukaemi
21 Mikaela Sekkidou- £5.87026
Funding for full time pl￿ swdies in Medical Sciences * the University of N'icosia Medical Sch(x)l. during the acadernic
years 2023-2026.
Reserves Poliey
The Foundation hold5 unrestricted fijnd reserve5. The Trustees are able to Use funds gener*ed from its investment
properties to meet operntional nttds and offer grdnts. No fixed arnount of funds is allocaied. though ihe amount is
dependent on macr<￿econOMIc coniexi and the particular prowty management rketds of the Foundation'5 ￿sets. where
funds are ￿lOCated to service PToperti¢s and cover adrnini5trdtive costs. Th¢ Foundation's goal is 10 preserve its assds
for long-terni income generation in order io etth*le li io coniinue giving. bajanced agains1 its overriding purrK>5e to be of
public ben¢fit and serv¢ the wider community.
Publi¢ Benefit Statement
The Tnjstees decl￿ that ihey are ¢ons¢ious of and have adopted the Siipul*ions of the Charities Act ?01 l. holding ihe
requirement thai charities of every kind musi be able io that their ￿K￿rk is of dtrect benefit io the public.
We are eonfideni that all activities funded by the Christos Lazari F(xJndation. i%'hieh we categorise under medical
researth- communit)., edu¢*ion aTrd social seTvi¢es= faith organisaiions and applications by disad￿artlaged individllals.
demon5trdte their public benefit and purrx)se. In detemiining lis grdni making Strdi￿les and in the general adrnini5tration
of the Charity. Ihe Trustees haN'e regarded Sertion 4 the ChaTrt)' Commission's guidan¢¢ on publi¢ ben¢fii and will
continue to deliver grants profieienily and with purpos¢.
Fundraising Statement
Section l62a of the Charities Aa 2011 requires ehariiies ￿ make a statement regarding fvndrnisiog a¢tivili¢s. The
legislation defines fundraising as "soliciiing or othen%ise pnxuring money or other property for chaT¥tsble pury￿se$.
Such amounts receivable would be presented in the Accounts a5"1￿*r t>)n￿lon5 and Legacies-.
Pag¢ 5

HRI
ARIF
"NDATIO
REGISTERED NI'IIBER: 10792729
REPORTOF THE TRISTEES
FOR THE I'EAR ENDED31 IIARCH 2024
In relation 10 the above. the TTUSte¢s Confimi that fundrnising approa¢h has been undettsk'en bl the TrnsL or by
anyotte acting on its behalf. that tx) fi1nd￿sIng stsndards or scheme for fundrdising r￿.U1￿Lon haN'e been subscribed to
by the TrusL or by anyone acting on its behalf. that no complaints in ye1￿10n ¢0 fundrnising activiti￿ have been receii'ed
and thot any soliciwions ar¢ ma[￿ed lTrtrm￿ly. without involvemeni of commercial participator5 or profe55ional
fundrdisers.
Tru5tee5' re5poNsibilities
The Trustees are responsible for preparing the artnual r¢p)rt and the financial sratemenis of the Charity in accordance
with the Companies Aa ?1)06 and for being satisfied that the financial 5taietnents £iN'e a and fair view. The TTU51e¢s
are a]$0 reswnsible for preparing the finaneial ststements in xcordanLY with United Kingdom Accounting Standards
Iuniied Kingdom Generdll). Accepted Accouniirkg Prxticel.
Company law requires the Trustees (w'ho are Direc￿r5 of the Charit).) to preparr financiai stsiements for each finatJ¢ial
year that give a true and fair view of the s￿¢ of aff￿[$ of the Charity. and of the income and expenditure of the Charity
for year. In pJYparing ihese fin￿la] stsiements. th¢ Trustees are required..
' to select suitable a¢￿￿ntIng wli¢its arml then apply them consistently-
' io make judgements and estimatrs thai ate reag)nable and pnJdenL
' io prepare the financtal siatemenis on a going concern basis, unless it is inappropriate io presume tha¢ the Charity will
n¢inue in business.
Tht Trustees are rest￿Sible for keeping *Jequate &counting that slM)w 2nd explain the ChaTity'5 transactions,
dis¢los¢ with reasonable accuracy at any lime the financi￿ txjsition of the Charity and erhable them to ertsu￿ tha¢ the
rinancial statements cornply with ihe Compankes Act 2￿.
They are a]so responsible for safeguarding the of the Charity and hence fw tsking reasonable steps for the
p￿VentIon and detection of frdlld and other irregulariti
The Trustecs listed are the only directOT5 of the charitable wmpany.
Independent ExamineT5
All of the current TTUSttts have taken the nect55ary Steps required in order io mak.e themselves a￿are of an). inforniation
needed by th¢ Charity's Independeni Examiners for th¢ purrw of their Independent Examination. and ￿ establish that
the) are aware of such infomaiion. The Tnjsitts are [￿1 aware of an). Tel￿.a￿t information of which the Independeni
Examiners are unaware.
A resolution ￿ reaptK)int Chris Skarparis & Co will FE pro* ￿ the neM Annual General Meetin
Looking forward
Aligning with the Charity Cornmis5ion Annual Rewrt ljuly. ?0241. we a¢k￿)￿ledge that continued societal. political
and e¢onomi¢ volatility. will result in further ￿la1 and culwr8] changes ahead. The role of the charity. Sector will remain
vital and perhaps. even more critica]. for its w'ork and suptK)rt of local cornrnunitie5. as well as aiding discovery research,
innovation and science.
Public trust and confidence in charities risen ￿ 6.5 out of 10 16.) in ?02il. Against a bxkdrop of declining trust in
many public insiinjtions. bj. comparison. tnjll in the charitsble seaor h&s improved (Charity Clmllmission, 20241. OUT
Foundation pledge5 to enhance that tru5L and to continue its contribLrtior) in pla)'ing ollr small part in making a
differenc¢ for those in need in our societ).. be it b%. enhancing S{￿la1 care and educ￿10￿. strengthening Teligious faith or
enabling medical research to progress. 11 e endvd%'our io coniinue our lnissi￿ to fwid charitable causes and supw>rt Vllal
operation and acti*itits of organisation5 that ￿￿r￿. with Ihe wmmunity. and have significwLt public benefit. Our g031 is tts
fost¢r rx)sitive change in s￿lery an(( whenever t￿]ble. offera gltrnmerof light and hope fora brighter f￿t￿re.
These financial statements have F*en prepared in xcordance with the provisions appli¢abl¢ ￿ eompanie& subject to the
small companies, regim¢.
Pag¢ 6

CHRISTOS LAZARI FOL'%D.4TIO
REGISTERED %I'%IBER: 10792729
REPORTOF THE TRISTEES
FOR THE I"£AR ENDLD3I IIARCH 2024
REFERE￿CE AND ADMIIISTIL4TII.'E DET.4115
Independent Examiner
I r Chris SkaTpari5
Chris Skarparis & Co Ltd
Chartered Accountants
Ynd Fl(x)r
Iolbl Aldemians Hill
Palmers Green
iL)ndon
N134PJ
licitor5
Sione King LLP, Boundary House. 91 Charterhouse StreeL Lonthjn. ECIM 6HR
Bgnker5
Llo>'ds Bank. 39 Threadneedle SirttL Lortdon. EC2R 8AU
Approved by orderof the ix)ard of trus￿¢$￿￿ 10 ¢kti)ber 2024 and signed on its behalf by..
Ms A La7ari- Tw51ee
Pase 7

IYDEPENDENT EX.IItINER'S REPORTTOTHE TRI'STEESOF
C.HRISTOS L.4Z.4RI FOI"ID.4TIO
ITbdependent ei#nJiner'$ report io the trusiees of Chri$to$ 14z*ri Found4tion ('the Companw'l
I report io the Charl￿ trustee5 on rn). examination of the accounts of the Compan). for the )'eaT ended il March ?024.
Responsibilitie5 and basis of re￿rt
As the charity's ¢rustees of ihe Company land also its direaors for the pury￿Se5 of company lawl Jou are responsible for
Ihe preparaiion of ihe accounts in acconlance Miih the requirements of ihe Companies Aci ?IM)61'the ?006 Aci'l.
Having saiisfied myself ihai ihe accounts of the Company are requiTed io be audikd under Part 16 of the ?IKb6 Aci
and are eligible for independent examinaiion. I re[￿)rt in respeci of my examination of j'our charity's accounis as earr2¢d
out under Section 145 of the Charities Act ?011 Ilhe 2011 Act'l. In c4Thyin8 Out my examination I have followed the
Dirtttions given by ihe Chariry Commission under Seciion 145151 Ibl of the 2011 Aa.
Irbdependent ei*miner'$ $i#tement
I have completed my e.¥aminaiion. I wnfinn thji mallu5 have corne to my attention in connection with the
examinaiion giving me Cause to believe..
aceounting rttords were ￿)1 kept in re5f*L1 of the Cixnplny &% required by Section 386 of the 2tM)6 Act: or
Ihe ￿¢0￿nIS th) noi accord wilh those rtconts: or
Ihe accounts do not eompl>' with th¢ acwuniing requiremenis of Seaion 396 of the 2(M)6 Aci other than any
requiremeni thai the a¢￿￿11￿ give a true and fair which is M)1 a matter considered as part of an independeni
examinaiion: or
the accounts have not been prepsred in *cordance with the Meth￿ts and principles of the Ststemeni or
Recommended Practice for accountin¥ and Teporting b). charities lappli¢able ￿ chariiies preparing iheir a¢¢oun
in 8¢¢ordan¢e wilh ihe Financial Reponing Swthrd applhcabk in th¢ Lk and Republic of Ireland IFRS 10211.
I have no concerns and have come across no other matters in wnne¢¢ion wilh the examination to which att¢ntiori Should
be drdwn in thi5 report in order to enable a proper understsnding of ihe awounts to be reached.
Mr Chris Skarpari$
Chris Skarpgris & Co Ltd
Chartered Aecountants
2nd Floor
Iolbl Ald¢mi8ns Hill
Palmers Green
London
N134PJ
10 October 2024
Page 8

CHRisfos L4Z.IRI F
'NDATI
ST.4TE.IIENTOF FIN.4NCI_4L_4crii'iTIE
CORP0114TING.4% I%COIIE.4%D EIPE%DITLRE ACCOL
FOR THE I'E.4R E%DED31 .11.4RCH 2024
31.i.24
Unrestrtcied
fund
Totsl
funds
Notes
INCOI%lE AND ENDO11,￿lE￿TS FRO￿1
Invesimeni income
?05.054
196.959
ENPENDITURE ON
R9ising funits
Other trading acliviiies
32,357
13.626
32J57
13.6?6
ChHTitHble 8Ctiviti¢s
Medical..health
Ans and ¢uliuYe
PovertY1s￿iduju$t1¢¢
67,500
74.499
45,500
41.500
38.772
Totsl
152.6?9
201.125
NET INCOMEIIEXPENDITUREI
52.425
14.1661
RECONCILIATiof* OF FliiYDS
Tothl funds brou8hi forward
3.044.804
3.048.970
TOTAL FIIliDSCARRIED FORW'ARD
3,097.??9
3.044.804
The rM)ies fonn part of these fJnan¢ial sts*m¢nts

CHRISTOS LAZARI F
IsrERED NLIIBER: 10792729
B.4L.4NCE SHEET
31 IIARCH 2024
31.j.?3
Totsl
funds
Lnresthct¢d
fund
Notes
FIXED ASSETS
InTrestmeNts
Investment prop¢rtv
ial investments
10
2.800.IKN)
75.000
2,800.000
75,OIK)
?.875.000
CURREYT ASSETS
Debiors
Cash at bank
12
19.796
20,755
207.812
?84,149
??8.567
CREDITORS
Atnounts falling due within one >'edr
13
157.771)
154.7291
NET CURREfsT ASSETS
226.i78
17i,838
TOT.4L ASSETS LESS CURREN
LIABILITIES
3.IOIJ78
3.048.838
CREDITORS
Amounts fa]ling due aficr more than one year
14
{4,1491
14.0341
r*ET ASSETS
3,044.804
15
Unrestricted fvnds
3,097.229
3.044.804
TOTAL FUNDS
3.097 ??9
3.044.804
The charitable company is entitled io exemption from audit under Secrion 477 of the Companies Aci 2006 for the year
¢nded 31 March ?024.
The members have rk)t requiTrd the cotnpgny kn obtsin an audti of its fJn8n¢iat $￿ements for ihe year ended
31 March ?0?4 in a¢cordan¢e wilh Sectaon 476 of the Companies Aa ?006.
The ttustees acknowledge their rcsrM)nskbilities for
lal
ensuring that the charitable ¢omw)y kttps %￿u￿ting records that cornply with Sections i86 and 387 of the
Companies Aci 2006 and
preparing financial stsiements which give a true a￿j fair view of the state of affair5 of the charitsble company as
at the end of each fjnancial year 2nd of tts sllrplus or deficil for each financial )'¢ar in accordance with the
requirements of Section$ 394 ar)d i95 and which otheTWi5e cornply with the requirernents of the Cornpanies Act
2006 relating to financial Statemen￿ so far as applicable ts) the charitsble eompan)..
Ibl
The ll￿¢$ fomi part of these finan¢ia] statements
Page 10
continlled...

CHRISTOS L4ZARI FOL)D.4TtO
REGlStERED N '}. IBER: I
792729
B.4L.4NCE SHEET- tontinu
31 ,IIARCH 2024
Thcse financial staiemenis ha￿e been prepared in accordance with the provisions applicable to charitable companies
subject tts the STnall companie5 regime.
The fTnancial Statements were approved by the Board of Tnwees and auth)rised for issue on 10 Odober 2024 and were
signed on its behalf by:
Ms A Lazari. TruS￿e
The notes forni part of thtse fin2neial swements

CHIU
LAZ.&RI F
'ND.4TIO
C.4SH FL
li. sr.4TEIIENT
FOR THE I"E.4R EIDED31)IARCH 2024
31.i.24
31.3.23
Notes
Cash flows from opprnting acttTrities
Cash generated from operdiions
19.7341
Nei cash provided bjilused in) operalin8 activitie5
19,7341
C8$h flow$ from inTr'e5ting actiThitie5
Interest received
7.819
726
Net cash pmided by irkvesiing activities
7.819
7?6
Chgnge in c#5h and cash equivaknts in
the re￿nIng period
Cash and tash equii#lents at the
l*ginning of the rewbrttng period
56.541
19,(X)81
207.81?
216,820
Cash and t2$h equivalents at the end ot
the reporting period
?(AJ53
207.81?
The notes form part ofthe5e financial ststements
Page 12

OS LAZ.4
I FOI'ND.4TIOP*
"OTESTOTHE CASH FL
.&TE.IIE
FOR THE I'EAR ENDED31 ,11.4RCH 2024
RECONCILI.4TION OF %ET INCO%IEI(EXPE%DITI"RE} TO SET CASH FLOW, FROM
OPERATIIG ACtIl'lTIES
? l.i.24
31.j.?3
Net in¢omel(expendiiure) for the TepDrting peTiod18s per the
Statement ofFinan¢ial Adivities)
Adjustments for:
Interest Te¢eived
tkcre&sellincrvdsel Èn de￿0
Increase in CTeditOT5
5?.425
14.1661
17.8191
959
3.157
17?61
18.7611
3.419
Yet ta$h provided byllu5ed in) operdtions
48.722
19.7i41
.4NALYSIS OF CHAYGES IN NET FUNDS
Cash flow
At i1.3.24
Net cAsh
Cash at bank
07.81?
56.541
?64.j53
•07.819
56.541
264.353
Totsl
207.812
56.541
264.353
The rKKes f￿￿ part of these financial ststements
Page 13

TO
OTESTOTHE FIN.4NCI..IL ST..ITE.1IE
R THE I'E.4R ENDED
-11.4RCH 2024
STATL TORY INFORMATIO.Y
Chrisros Lazari Foundation ts a charirable compan} limiied by guardnrtt, regisiered in England and W'ales. The
company's regisiered number 1$ 107927?9 and the regisiered offJ¢¢ address is A¢Curi￿ House. 44 Baker Sire¢i.
London Wl U 7BR.
AccouwfiNG POLICIES
B#sis of *¢eounling
The financial SLqt¢ments have been w¢pa￿d on a going concern b&sis in accordanee with Awouniin8 and
Reporting by Chariiie5'. Staiemeni of Recommended Praaice Ichariiies SORP IFRS 10?Ik applicable to
charities preparing their accoun¢S in xtordance with the Financial Reporting Stsndard applicable in the UK and
Republic of Ireland IFRS 10?) leffeciiwe l January ?0151 and ihe Companies Aa ?006.
There are maierial yn¢eNainiies aboui the tharity's ability to continue and the financial 5raiemenis are
prepared on a gOin8thconcem basis.
Chri5tos La7Ari Foundation meets ihe d¢finiiion of a pybli¢ benefii entity under FRS 102. Assets and liabilities
are initially recognised at historical COSL as nKNlified by the reV￿u￿10ft of inves¢mert￿ unles$ otherwise sthied in
th¢ r¢l¢vant ac¢ouniing Folio Th)ielsl.
Fund acwuniing
The remaining funds held by the Foundation #re unrestricted funds whieh are available for use ￿ the discretion
of the Trusi¢¢s in furth¢ran¢¢ of ihe 8¢n¢ral obj¢fflives of Ihe chafiTr.
Income
Donaiion5. grants and Gifl Aid income are xcOun￿d fw when receivable. Investrneni irhcorne is accounted for
on an xcrual basis.
Resources expended
Expendiiure is accounied for on an x¢rnals b&si$. Grants payable are ffcognised as exwdiiure in ihe year in
which a bindin8 commitment to mske payments are entered into.
Sup1￿ costs are those costs in¢urr¢d directly in Sup1￿ of expenditure on the objects of the Charity. In view of
Ihe amounts involved t￿5¢ costs are t)ot reall0¢￿￿ ￿ individual Chan￿ble proje¢is. Th¢s¢ msis include
80vemance costs that wmprise all wsis involving th¢ publi¢ accouniabilir>' of the Charity and its compliantt
with re8ulatbon and 80(yJ practice. These e05ts irt¢lude costs related to s¢aiutOry 8udii.
Inv¢s¢rn¢nt property
Inve51ment property is carried at fair i'a]ue d￿e￿nined annually b). external vajuers and derived fTom the curreni
mat*¢t r¢nis and investhieni property yields for comparable real C$￿¢. adjvsied if ne¢¢ssary for any ditTeren¢e
in the nature, location or CO[￿lI10Th of the ¥*cific a55ei. No depreciation is provided.
Going concern
During the )'ear. the Chrisios L87Ari Foundaiion w&$ not adveTStI)' aifected by the economic impact on the
on80in8 conflia in Ukn3ine arkd the hL8h interesi ￿e5 in the economy. The Foundation maintains that it can
¢on¢inue ￿ make donations for public bencfil and h&5 enough cash li l March ?0?4.. £?64,3531 ¢0 ¢on¢inue lis
charitable xtiviiies. Th¢ Trusttts believe thai il is appropriatr ￿ prepare the Yuounts on a 80in8 concern b&si5.
Pa8e 14
continued...

CHRisfos LIZ.4RJ FOI')DATIO
'OTESTO TFIE FI%.4NCI.4L ST.4TEIIE%TS- continued
FOR THE I'EAR ENDED31 ,IIARCH 2024
CIUTICAL ACCOU￿1*G JL DGE￿IENTs AYD KEI. SOL'RCES OF ESTIMATION LNCERTAINTY
In lh¢ applicaiion of ihe ¢harity'S accounting p)li¢ie& trustees are required 10 Tnake judgeThent5. estitnaies and
&ssumpiions about the canying values of and liabiliii¢s that afe noi r¢adilJ' apparen¢ ftDm other sources.
The esiimates and underlyin8 &S5umptions are b&sed on historical experience and other faaoTS thai ar¢
considered io be relevant. A¢wal results may differ from these estim￿¢$.
INVEsT￿lE￿4T 1P*cO￿lE
31.3.24
31.3.23
Rents Te¢eived
Insurdnce in¢ome
Deposi¢ accowii iniere
193.901
3,334
7.819
192,899
3.334
7?6
205.054
196.959
COMMITfvIENTS LII%DER OPERATING LEASES
As ai March 20?4 ihe Foundeiion had ¢ontracwal receivable underoperniin8 It￿$ as follows..
Le￿r
31.3.2024
31.3.2023
Not later than l year
Later Ihan l year and not l*¢rthan 5 yea
Laier Ihan 5 years
194.100
166.4(M)
194.100
360.500
Toial
GtL4NTS PAI'ABLE
31.3.24
31.3.?3
Medicalthealth
Arts and ¢yliuTe
PovertylsociaVjusti¢¢
40.0(
41.5(Nl
38.772
67.500
74.499
45.500
120.272
187.499
The total grants paid ￿ institlrtions during th¢ year was as follows:
31.3.24
31.3.23
Donation
l ?0.772
187.4¢J9
Included within th¢ ¢har¢tsbl¢ p&tivity Cost are a number of grnnts paid for various charitable cause5 as
follows:
31.3.2024
31.3.2024
Number
Grants paid 10 In51itulions
Grants paid to Individuals
104.396
15.876
Total
15
120.272
Page 15
continued...

HRI
LAZAIU F
STOTHE FINA%CI.4L sr.4TEIIENTS- co
FOR THE I"E.4RENDED3111.4RCH 2024
TRUSTEES, REMUNERATIOY AIID BENEFITS
There were no trusiees. remuneration or other benefits foi the year ended J l March 2024 nor for the yeaT ended
31 March 2023.
Tru$te¢s' expenses
There were no tnjstees. expejws paid for they¢ar ended 31 March YO74 nor forthe y&qr ended 31 March 2023.
COIMPARATIVES FOR THE ￿rATE￿IENT OF FINANCIAL Acfii"ITIES
Unffstrictrd
fund
INCOME ATr4D ENiK)WMENTS FROM
Investsneni income
196,959
EXPEJDITURE OTr4
Raising funds
Othertrnding arti￿1ties
13.626
13.626
ChAritable Adiviti¢s
MedicaLfftealih
Arts and culture
Poverty150ciaVju5tice
67.500
74,499
45.500
Tot81
201.1?5
I%ET JNCOMEIIEXPENDITLREI
14.1661
RECONCILIATION OF FLilDS
Toral fll[￿s brought forward
3.048,970
TOTAL Fuf*'DS CAR￿ED FORWARD
3.044,804
EMPLOI'EES
The Foundation did employ any stsff during lh¢ ￿1￿1.
P88e 16
eoniinued...

CHIUSTOS L.4Z.4RI FOI'%D.4TIO
THE FIN:ANCI.4L ST
FOR THE I"EAR ENDED31 ,IIARCH 2024
TAK4TIOY
The Foundation 15 a charity. within the meaning of Pard I Schedule 6 Finance A￿ ?010. Accordingly the
Foundaiton is Fx)teniially exempt fwm ¢&tstion in respect of income or Capit￿ gair)s within ¢aiegories covered by
Chapier 3 of Pan I l of th¢ CotT*)￿lOn Tax Aci ?010 or Seaion ?56 of the T&Kation of Chargeabl¢ Gains Aci
1992. to the exieni that s￿h ineome or are applied exclusively io charitable Pu￿￿Ses.
No charge arose in the pwi(d.
io.
IYVESTMENT PROPERTY
FAIRVALb'E
At l April *0?3
and 31 March 2024
2.800,000
NET BOOK I'ALiIE
A¢ 31 March 20?4
At 31 March 2023
Fair value 8131 March 2024 1$ ttpresen*d by..
Valuaiion in 2018
Valuation in ?019
Valuation in 2020
Vgluaiion in ?O?I
Valuation in 2022
Cosi
130.000
135.0001
1175.(KX) I
1?40.0001
I100.O(K) I
3.220.000
?.800.000
The property valuaiions were made by Jones Lzng Las￿1¢. Chartered SuTh'¢}ors. The valuaiions were made
under RICS sthndards and the property kn been VAlued at fair Value. The directors consider ihis an appropriate
valuation.
SOCIAL lyN'EST￿IEWTs
In the year ended 31 March ?O•O. Ihe Charity made a social invesimeni related loan io the pr1valely￿Wned UK
ncer research ¢ompan} called An&stssis Bioiec Ltd of £75.1￿. The loan is interesi free snd repayable on 31st
December 2025. The loan agre¢meni pYovid¢s thai in Ihe eveni ihai Anastasi5 Blo￿ Ltd is unable to repay the
loan on expiry. then the £75.0(￿• kjan will be ConVer￿d inio ff)￿1 number of 169.680 ordinary sh1￿S
nveT5iOn rate of £0.442. leaving uDali¢red the amouni of the loan.
The Trustees rttognised the weniial of the project presemed ￿ them by Anas¢8sis Biotec Ltd &% a social
investrnent. with the tK>iential ￿ ttnefii so¢idJ in ils understanding and fight against ￿cer. Ho￿twer. the
Trusttts are of ihe opinion ihaL &S it Slar￿ [￿w. the £75.OIM) loan ￿ An&qasis Bioiec is more than covered
by the tK)teniial uncrysts]lised profil on the ordinary shaw app]Y¢iation.
Page 17
)ntinued...

CHRISTOS L4L4RI FOL'ND.4TIO
STO TIIE FIN.4%CI.4LST.4TEIIENTS- continu
FOR THE I'E.*R ENDED
24
12.
DEBTORS: Amour￿5 FALLING DI'E M'ITHIN ONE I'EAR
il.3.24
31.3.23
Rents recovernble
(hher debtors
17.583
20.755
19.796
20,755
13.
CREDITORS: A￿l01￿￿Ts FALLING DI,'E M'ITHIN ONE I'EAR
31.3.24
Reni Teceived in advarKe
Accrued expenses
45,6?3
11148
48.657
6.072
57,771
Rent Ttteived in advarhce are pyments for prop*ty rental received in advance and relating 10 the following
financial year.
14.
CREDITOJLS: AMOUliTS FALLII%G DUE AFfER IIORE THATr* OYE I'EAR
31.3.24
31.3.23
Terwts, deposits
4.149
4.034
MOVEMENT lli FbNDS
mowemeni
in funds
Ai
31.3.?4
Unrestricted fund$
General fund
3.¢)44.804
52.425
3.097.229
TOTAL FIINDS
J.OM.804
3.097.229
Nd movemenl in fund& included in the a￿¥¢ are as follows..
Incoming
resources
Re50ur¢es
expended
Movement
in funds
Unrestricted funds
General fund
205.054
1152,6291
52.425
TOTAL FUNDS
205.054
1152.6291
5?.425
Page 18
eoniinued...

CHRisfos LIZARI FO '%. D.
NOTESTO THE FIN.4NCI.4L ST.4TEIIE%ILLllliu
FOR THE ) EAR ENDEDJI.)IAR
H 2024
15.
MOvEMEr￿ IN FLil%DS- Co￿111)￿ed
Comparxtivts for m•vern¢o¢ io
Nd
mov¢m¢ni
in funds
At
31.3.23
At 1.4.22
Unrestri¢t¢d fynds
General fund
3.048,970
14,166
3,044.804
TOTAL FllIYDS
i.048.970
14.1661
3.044,804
Compararive movemeni in fund& inclth in the at4)ve are as folknws..
IrKomin8
Resourtes
expended
Movement
in fund5
Ilnre51ritted funds
General fund
196.959
1201.1251
14.1661
TOTAL FUNDS
196.959
1201.1231
14.1661
A curreni year 12 months and prioryear 12 momhs combined position is as follows:
mowemeni
in furLd5
Ai
31.3.?4
Ai 1.4.22
L.'nrestrirt¢d funds
Genernl fund
3.048.970
48.259
3.097.229
TOTAL FLIT*DS
3.048.970
48.259
3,097,229
A current year 12 month5 and Prior year 12 months ¢￿bined net movement in fund& included in the obove are
follow5..
Ino)ming
Resources
exper￿ed
Movem¢nt
in fund5
Ilnr¢strict¢d funds
General fund
402.013
1353.7541
48,259
TOTAL FUYDS
402.013
1353.754}
48,259
REVALLATION RESERVES
Included in Total Funds &s at 31 March 20?4 is a debit amount of £4?0.0¢￿ 1202i.' £420.(¥)01 of revaluation
reserves.
Page 19
continued...

LiL4RI F
NOTES TO THE FII.4%CI.4L ST.4TEIIE%TS- tontinued
FOR THE I'EAR ENDEDJI IIARCH 2024
16.
RELATED PARTY TIL4P*SAcrio%s
The Chri5t05 Lazari Foundation i5 related by virtue of familj member ties between the respective Trustees. The
Lazari Investments MaThagemeni L￿, again related via virn￿ of family member ries beN'een directors of the
Company and Trusiees of the Foundation. undertake a]1 assets and prop*rty management a¢iiNities. pro iK>no. in
respecl of the Foundation'5 property.
During the period Lazari Investments Management provided management services for the inves¢meni property
pro trA)no.
There are no ￿her rel￿ed pa]ty traT￿rtIOnS or $￿￿￿)￿$ made or be declared.
17.
LIABILITY OF ￿tE￿IBEll$
The liability of member5 15 limitrd by guarantee. In the ¢vem of the Charl￿ble compsny b¢ing wound up during
memberfs period of membership. or within oThe )'etr afterwards. an amount not e¥¢ttding the surn of £1 may be
required from th￿ m¢mkr ￿WardS the paymeni of the debts and liabiliiies of the Charithble company incurred
before membetship ttased.
As at 31 March 2024. the Charl￿ble company had Six members.