Coinpc1ny rcgi.8tration niimbcr: 10659.528 Charity rcgistrati()n niimbcr: 1175922 SINCERE EDUCATION & CULTURAL DEVELOPMENT LIMITED (Private company limited by guarantee without share capital) Annual Report and Financial Statements for the Year Ended 31 March 2024 SIliCFRF FDUCATIOIY & CULTURAI. DF.VFLOPMFNT I.IMITFD Rcfcrcncc aiid Administrativc Dctails Trustecs l. lryna N4oroz 2. Jckalcrina Bodiiarchuk 3. Volodymyr Moroz Prfncipal Office l The Square Waiford England WD24 6ND Charity Reglstration Number 1175922 Company Registration Number 10659528 IndcpLndLJbnt Examiner Maxwell CliartLred CLrtifiLd Accountanls Firsl floor 459 fincliley Road 14anipslcad Loiidon Eiigylaiid NW3 614N Paoe 2 ot" 8 SINCFRF EDUCATION & CULTURAI. DFVFI.OPMFNT I,IMITF.D Trustees Report Actiiitles Sinccrc Educalion & Cultural Dcvclopmcnt Limitcd is engagcd in thc following activitics: l. Orgaiiisiiig programmcs of physical, educational & other activities as a means of advancing in lifc. 2. Hclping young pcople by developing thcir skills, capacities and capabilitics to cnablc them to participate in socicty as indcpendcnt, maturc & responsible individuals; 3. Advancing ediication; 4. Relieving unemployment; and 5. Providiiig recreational & leisure time activity for social welfare. Results The results of Ihe charity are shown in the Income and expenditure account on page 6. The net incoining/(outgoing) resources of unrestricted funds, which are the operational reserve of the charity. There were no net incoming/(outgoing) resources of restricted funds. Independent Examination In accordance with the constitution and The Charities Act 1993 independent examination will take place annually. Iryna Moroz On behalf of the Board of Trustees Date: Page 3 of 8 SINCERE EDUCATION & CULTURAL DEVELOPMENT LTMITED Trustees, Responsibilities The trustecs arc rcquircd undcr thc Charities Act 1993 to prcparc financial statemcnts for cach financial year which gives a true and fair view of thc Charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fait view the trustees should follow best practice and; a) select suitable accounting policies and apply them consistently. b) make judgment and estimatcs that are reasonable and prudcnt. c) state whethcr applicable accounting standard s and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements. d) prepare the financial statements on a going concern basis unless it is inappropriate to presume the charity will continue in operation. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of Ihe charity and which enables it to ascertain the financial position of the charity and to ensure that the financial statements comply with law and applicable regulations. The trustees are also responsible for the safeguarding of the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. lryna Moroz Trustee Date: Pagye 4 of 8 SINCFRE EDUCATION & CULTURAL DEVELOPMENT I.IMITED Independent Examiners, Report Wc rLport on the accounts for thc ycar ended 31 March 2024 covering twclvc months, which are set out on pagcs 6 to 7. Respective Responsibilities of Trustees and Examiner As thc charity's trustees you are responsible for the prcparation of thc accounts; you consider that the audit requirement of section 43(2) of thc Charities Act 1993 does not apply. It is my responsibility to state, on the basis of proccdures specified in the general directions given by the Charity Commissioners under sec 43(7) of the Act, whethcr particular matters have comc to our attention. Basis of Independent Examiners, Report The examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounling records kept and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations 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 I do not express an audit opinion on the view given by the accounts. Independent Examiners, Statement In connection with my examination, no matters have come to my attention: l) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the Act and to prepare accounts which accord with accounting records and to comply with the accounting requirements of the Act have not been met; or 2) to which, in my opinion attention should be drawn in order to enable to proper understsnding of the accounts to be reached. Maxwell Chartered Certified Accountants First Floor 459 Finchley Road, Hampstead London, England NW3 6HN Page5 of 8 SINCERE EDUCATION & CULTURAL DI4 VELOPMENT LIMITED Iiicoinc & Expcnditurc Account For tlic ycar cndcd 31 March 2024 Unrestricted Funds Total 2024 Total 2023 Incoming resources Donations Total incoming resources 96,608 96,608 96,608 96,608 85,567 85,567 Resources expended Direct charitable expenses Bank payments Management & administration expenses Total resources expended 55,718 169 3,531 59 418 55,718 169 3,531 59,418 40,730 157 5,367 46,254 Net incoming/(outgoing) resources before transfer 37 190 37,190 39,313 Reconciliation of funds Total funds brought forward Total funds carried forward 37,831 75 021 37,831 75,021 -1,482 37,831 Page6of 8 SINCFRE EDUCATION & CULTURAL DEVELOPMENT LIMITED Balance Shcct as at 31 March 2024 2024 2023 Fixed assets Current assets Cash at bank & in hand 77 727 77,727 40,537 40,537 Creditors: Amounts falling due within one year 2,706 2,706 Net current assets 75,021 37,831 Total assets less current liabilities 75,021 37,831 Creditors: Amounts falling due after one year Net assets 75 021 37,831 Funds of the charity Unrestricted funds Total funds 75,021 75,021 37.831 37,831 For the financial year ended 31 March 2024, the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees, responsibilities: l. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476, and 2. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements on pages 6 to 8 were approved by the trustees and authorised for issue and signed on their behalf by: Iryna Moroz Trustee Date: Pagye 7 of 8 SINCERE EDUCATION & CULTURAL DEVELOPMENT LIMITED Notes to the Accounts For the Year Ended 31 March 2024 l. Accounting Policies l. l Accountiiig Convcntion The accounts are prepared under thc historical cost convention modified when necessary to include the rcvaluation of certain fixed assets. FRS 102 has been adopted. 1.2 Donations and Fund Accounting Donations received for the general purposes of the charity are included as general fund. General funds are unrestricted funds which are available for the use at the discretion of the trustees in furtherance of the general objective of the Charity and which have not been designated for other purposes. 1.3 Incoming Resources All incoming resources are recognized once the charity has the entitlement to the resources, it is certain that the resources will be received and monetary value of the incoming resources can be measured with sufficient reliability. 1.4 Governance Costs There are not any Governance costs associated with charity. Most of the administrative jobs are done on voluntary basis i.e. free of cost except Accountants fee. 1.5 Unrestricted Costs General fund includes all donations for which donors have not expressed any preference as to how the funds shall be spent. These funds are applied for any charitable purpose at the absolute discretion of the trustees on the objectives set by the trust. 2. Management & Administration Expenses 2024 2023 Travel and subsistence Motor expenses Service charges Postage Stationery and printing Subscriptions Bank charges Insurance Software Sundry expenses Accountancy fees Advertising and PR 469.00 1,152.00 30.00 315.00 696.00 68.00 149.00 157.00 110.00 756.00 5.00 1,200.00 886.00 5,524.00 184.00 71.00 704.00 646.00 169.00 4.00 1,453.00 3,700.00 Page 8 of 8