## Nadezda Foundation
Trustees' Report and Unaudited Accounts
31 January 2025
Nadezda Foundation Contents
||Pages|
|---|---|
|Trustees'AnnualReport|2 to 3|
|IndependentExaminer'sReport|4|
|Statement of FinancialActivities|5|
|BalanceSheet|6|
|Statement ofCashflows|12|
|Notesto the Accounts|7 to 11|
|DetailedStatement of FinancialActivities|13 to 14|
Page 1
Nadezda Foundation Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 January 2025.
## REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1181798
## Principal Office
Office 619, Linen Hall
- 162 168 Regent Street
London (Attn: Elena Moore) W1B 5TE
Trustees
The following trustees served during the year:
N. Abela
E. Lileeva
E. Moore
## OBJECTIVES AND ACTIVITIES
The purpose of the charity are to relieve financial hardship, to preserve and protect good health and to advance education of children and young people with disabilities in Russia and the UK. To resource of advice, assistance and programmes of artistic, educational and other development activities for children and young people to: (a) enable them to participate in the society as independent, mature and responsible individuals; (b) advance children education; and (c) provide recreational activities in the interests of social with a view to improving the conditions of life.
The trustees confirm that the Charity has complied with its duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission when reviewing its aims and objectives and in planning future activities.
## ACHIEVEMENTS AND PERFORMANCE
The following activities took place in the past year: £30,000 went to Blue Sky Autism to improve the lives of more children who are experiencing developmental delays, including autism.. £7,500went to Somerset. The grant was used to print the exhibition map created specifically for younger visitors. £1,000 went to Friends of Ashton funding the purchase of a specially adapted 17-seater wheelchair accessible and safety compliant minibus .£5,000 went to Wakenfield Hospice to support the children's bereavement team.£2,000 went to The Living Paintings. The grant helped to fund the adaption of The Night Before Christmas for their free, national, postal library for children who are blind and visually impaired
## FINANCIAL REVIEW
During the year, the Foundation received income from donations. In 2024/2025 the total received was £44,306. The sum of £48,415 was expended on charitable activities during the year.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
Page 2
Nadezda Foundation
Trustees Annual Report
The Charity is a Charitable Incorporated Organisation(CIO).
Every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
N. Abela Trustee 28 November 2025
Page 3
Nadezda Foundation
Independent Examiners Report
Independent Examiner's Report to the trustees of Nadezda Foundation
I report to the trustees on my examination of the financial statements of Nadezda Foundation for the year ended 31 January 2025.
## Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Thomas Cooke
Chartered Accountant
1 Kilmarsh Road
London
W6 0PL
28/11/2025
Page 4
Nadezda Foundation Statement of Financial Activities
for the year ended 31 January 2025
|for the year ended 31January 2025|||||
|---|---|---|---|---|
|Notes
Income and endowments
from:
Donationsandlegacies
3
Charitableactivities
4
Total
Expenditure on:
Raisingfunds
5
Charitableactivities
6
Other
8
Total
Netgainsoninvestments
Net expenditure
Transfersbetweenfunds
Net expenditure before other
gains/(losses)
Othergainsandlosses
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward||Unrestricted
funds|Totalfunds|Totalfunds|
|||2025|2025|2024|
|||£|£|£|
||||||
|||-|-|16,839|
|||44,306|44,306|5,600|
|||44,306|44,306|22,439|
||||||
|||2,212|2,212|4,851|
|||45,500|45,500|27,000|
|||703|703|808|
|||48,415|48,415|32,659|
|||-|-|-|
|||(4,109)|(4,109)|(10,220)|
|||-|-|-|
|||(4,109)|(4,109)|(10,220)|
||||||
|||(4,109)|(4,109)|(10,220)|
||||||
|||6,965|6,965|17,186|
|||2,856|2,856|6,966|
||||||
||||||
||||||
Page 5
Nadezda Foundation Balance Sheet
at 31 January 2025
|at 31January 2025|||
|---|---|---|
|Charity No.1181798
Current assets
Cashat bankandin hand
Netcurrent assets
Totalassets lesscurrentliabilities
Net assetsexcludingpension asset orliability
Totalnet assets
Thefundsofthecharity
Restrictedfunds
10
Unrestrictedfunds
10
Generalfunds
Reserves
10
Totalfunds
Approved by the trusteeson 28 November 2025
Andsigned on their behalfby:
|2025
£
2,856
2,856
2,856
2,856
2,856
2,856
2,856
2,856
2,856|2024
£
6,966|
|||6,966|
|||6,966
6,966|
|||6,966|
|||6,966|
|||6,965|
|||6,965|
|||6,965|
||||
N. Abela Trustee 28 November 2025
Page 6
Nadezda Foundation Notes to the Accounts
- for the year ended 31 January 2025
- 1 Accounting policies
## Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with Where income has related expenditure the income and related expenditure is related expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
Nadezda Foundation Notes to the Accounts
## Expenditure
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and
- charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## Taxation
- The charity is exempt from tax on its charitable activities.
- 2 Statement of Financial Activities - prior year
|2
Statement ofFinancialActivities-prior year|||
|---|---|---|
|Income and endowmentsfrom:
Donationsandlegacies
Charitableactivities
Total
Expenditure on:
Raisingfunds
Charitableactivities
Other
Total
Netincome
Netincome before other
gains/(losses)
Othergainsandlosses:
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward|Unrestricted
funds
2024
£
16,839
5,600
22,439
4,851
27,000
808
32,659
(10,220)
(10,220)
(10,220)
17,186
6,966|Totalfunds
2024
£
16,839
5,600|
|||22,439
4,851
27,000
808|
|||32,659|
|||(10,220)|
|||(10,220)|
|||(10,220)
17,186|
|||6,966|
Page 8
Nadezda Foundation
Notes to the Accounts
- 3 Income from donations and legacies
|3
Incomefrom donationsandlegacies||||
|---|---|---|---|
|4
Incomefromcharitable activities
5
Expenditure on raising funds
Costsofgenerating
voluntaryincome
6
Expenditure oncharitable activities
Expenditureoncharitable
activities
Grantsmade
Governancecosts|Unrestricted
£
44,306
44,306
Unrestricted
£
2,212
2,212
Unrestricted
£
45,500
45,500|Total
2025
£
44,306
44,306
Total
2025
£
44,306
44,306
Total
2025
£
2,212
2,212
Total
2025
£
45,500
45,500|Total
2024
£
16,839|
||||16,839|
||||Total
2024
£
5,600|
||||5,600|
||||Total
2024
£
4,851|
||||4,851|
||||Total
2024
£
27,000|
||||27,000|
Page 9
Nadezda Foundation Notes to the Accounts
7 Analysis of grants
|Activity or programme
Kids N'Action
Blue SkyAutism
Wakefield Hospice
Friendsof Ashton
TheLiving Paintings
Somerset House Trust
8
Other expenditure
Bankloanand overdraft
interest payable
Motorand travelcosts
Generaladministrativecosts|Unrestricted
£
102
28
573
703|Total
2025
£
30,000
5,000
1,000
2,000
7,500
Total
2025
£
102
28
573
703|Total
2024
£
5,000
22,000|
|---|---|---|---|
||||-|
||||Total
2024
£
102
-
706|
||||808|
9 Staff costs
No employee received emoluments in excess of £60,000.
Page 10
Nadezda Foundation Notes to the Accounts
## 10 Movement in funds
|10 Movementinfunds|||||
|---|---|---|---|---|
|Restrictedfunds:
Unrestrictedfunds:
Generalfunds
Totalfunds
11 Analysisofnet assetsbetweenfunds
Netcurrentassets
12 Reconciliation ofnet debt
Cashandcash equivalents
Net debt|At 1
February
2024
6,965
6,965|Incoming
resources
(including
other
gains/losses
)
£
44,306
44,306
At 1
February
2024
£|Resources
expended
£
(48,415)
(48,415)
Unrestricted
funds
£
2,856
2,856
Cashflows
£|At 31
January
2025
£
2,856|
|||||2,856|
|||||Total
£
2,856|
|||||2,856|
|||||At 31
January
2025
£|
|||6,966|(4,110)|2,856|
|||6,966
6,966|(4,110)
(4,110)|2,856|
|||||2,856|
||||||
Page 11
Nadezda Foundation Statement of Cash flows
for the year ended 31 January 2025
|Cashflowsfrom operatingactivities
Net expenditure perStatement ofFinancialActivities
Netcash usedin operatingactivities
Netcashfrominvestingactivities
Netcashfromfinancingactivities
Net decreaseincash andcash equivalents
Cash andcash equivalentsat the beginningofthe year
Cash andcash equivalentsat the end ofthe year|2025
£
(4,109)
(4,109)
-
-
(4,109)
6,966
2,857|2024
£
(10,220)|
|---|---|---|
|||(10,220)|
|||-|
||||
|||-|
||||
|||(10,220)|
|||17,186|
|||6,966|
||||
|Componentsofcash andcash equivalents|||
|Cashand bankbalances|2,856|6,966|
||||
||2,856|6,966|
Page 12
Nadezda Foundation Detailed Statement of Financial Activities
## for the year ended 31 January 2025
|for the year ended 31January 2025||||
|---|---|---|---|
|Income and endowmentsfrom:
Donationsandlegacies
Charitableactivities
Total income and endowments
Expenditure on:
Costsofgeneratingdonationsand
legacies
Costsofother tradingactivities
Totalofexpenditure on raising
funds
Charitableactivities
Grantsmade
Totalofexpenditure oncharitable
activities
Other expenditure
Bankloanand overdraftinterest
payable
Motorand travelcosts
Travelandsubsistence
Generaladministrativecosts,
includingdepreciationand
amortisation
Software,ITsupportand related
costs
Stationeryand printing
Subscriptions
Totalofexpenditure ofothercosts|Unrestricted
funds
2025
£
-
-
44,306
44,306
44,306
-
-
2,212
2,212
2,212
45,500
45,500
45,500
102
102
28
28
211
4
358
573
703|Totalfunds
2025
£
-
-
44,306
44,306
44,306
-
-
2,212
2,212
2,212
45,500
45,500
45,500
102
102
28
28
211
4
358
573
703|Totalfunds
2024
£
16,839|
||||16,839|
||||5,600|
||||5,600|
||||22,439
4,851|
||||4,851|
||||-|
||||-|
||||4,851
27,000|
||||27,000|
||||27,000
102|
||||102|
||||-|
||||-|
||||490
-
216|
||||706|
||||808|
Page 13
|Totalexpenditure
Netgainsoninvestments
Net expenditure
Net expenditure before other
gains/(losses)
Other Gains
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward
NadezdaFoundation
DetailedStatement ofFinancialActivities|48,415
-
(4,109)
(4,109)
-
(4,109)
6,965
2,856|48,415
-
(4,109)
(4,109)
-
(4,109)
6,965
2,856|32,659
-|
|---|---|---|---|
||||(10,220)|
||||(10,220)
-|
||||(10,220)|
||||17,186|
||||6,966|
Page 14