2023-06-30-accounts - Svitlo Education Limited

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Trustees’ Annual Report for the period

From 16th June 2022 To 30th June 2023

Charity name: Svitlo Education

Charity registration number: 1201542

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The charity's objectives are to advance the education and training of children and young persons in Ukraine, Ukrainian refugees and those affected by conflict in Ukraine in the United Kingdom or abroad, together with their families, in particular, but not exclusively by providing online education and other educational services, grants and financial assistance to advance them in life and, where applicable, to assist them to adapt within a new community.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Svitlo education offers the following and more: online lessons, partnerships with schools in the UK and abroad in peer-to- peer teaching, summer school stays in the UK and abroad for the children of Svitlo School, advice and help with education choices and more.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have had regard to the guidance issued by the Charity Commission on Public Benefit

Achievements and Performance

SORP reference

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	GCSE support for students in the UK which led to all of them passing the exams. Over 600 new students in Ukraine joined school, parents reviews mentioned the impact not only on the level of education but also, improved mental health.

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	As a newly formed charity initial fundraising has led to a surplus of funds at the year end, enabling the planned further growth of the charity into the coming financial periods. The charity was successful in attracting unrestricted funds enabling it to operate flexibly to meet the emerging need.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	As it was the first year of operation Trustees had not yet set a reserves policy. This is being reviewed in the coming financial year. Reserves are held to provide stability and to enable the continuation of the charity.
Amount of reserves held	Para 1.22	The charity held £47,363 in unrestricted funds at the year end

Structure, Governance and Management


Type of governing document	Para 1.25	Articles of Association
How is the charity constituted?	Para 1.25	Charity registered in England and Wales.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	All trustees vote for the appointment of the new trustee. Trustees consider the skills and experience of potential trustees to help the development of the charity.

Reference and Administrative details

Charity name Svitlo Education Ltd

Other name the charity uses	Svitlo School
Registered charity number	1201542
Charity’s principal address	22 Greenwood Close Morden SM4 4HX

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Yuliya Kosko	same as charity address	The whole year
Anna Vishnevskaya		The whole year
Marianna Gorenshtein		The whole year
Heather Rhodes		The wholeyear
Waritha Sisson		from 22 May2023

– Corporate trustees names of the directors at the date the report was approved

Director name

All the trustees as above

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
none

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

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Signature(s)
Full name(s)
Position (eg
Secretary, Chair, etc)
Date
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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Svitlo Education members of On accounts for the year 30[th] June 2023 Charity no 1201542 ended (if any) Set out on pages 1-2

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 Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

Independent examiner's statement

My examination was carried out in accordance with general Directions given 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 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect,:

the accounting records were not kept in accordance with section 130 of the Charities Act other than that disclosed below; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I 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 accounts to be reached .

Date: 7[th] March 2024

Signed: Name: Rachel Eden

December 2017

IER

Relevant professional qualification(s) or body (if any):

ACMA (Chartered Institute of Management Accountants)

Address: Holy Brook Associates, Curious Lounge, 1st Floor, Pinnacle Building, Tudor Road, Reading, England, RG1 1NH

Section B Disclosure

December 2017

IER

Charity Name

Charity No Company No

Annual accounts for the period Period start date To 16/06/2022 30/06/2023

Section A Statement of financial activities (including summary income and expenditure account)

Unrestricted funds Restricted income funds Total funds £ £ £ F01 F02 F04	Unrestricted funds Restricted income funds Total funds £ £ £ F01 F02 F04	Unrestricted funds Restricted income funds Total funds £ £ £ F01 F02 F04
76,359	3,476	79,835
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
76,359	3,476	79,835

24	-	24
28,102	3,476	31,578

840	-	840
28,966	3,476	32,442

47,393	-	47,393
-	-	-
47,393	-	47,393
-	-	-
47,393	-	47,393
-	-	-
-	-	-

-	-	-
-	-	-
47,393	-	47,393

-	-	-
47,393	-	47,393

Charity No Company No

Charity Name

Section B Balance sheet at 30th June 2023

Unrestricted funds Restricted income funds £ £ F01 F02	Unrestricted funds Restricted income funds £ £ F01 F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04
-	-	-	-

48,233	-	-	48,233
48,233	-	-	48,233

840	-	-	840

47,393	-	-	47,393

47,393	-	-	47,393

-	-	-	-
-	-	-	-

47,393	-	-	47,393

	-		-
47,393		-	47,393
			-

47,393	-	-	47,393

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Signed by one or two trustees/directors on behalf of all the Print Name trustees/directors Signature Signature of director authenticating accounts being sent to Companies House

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Section C Notes to the accounts Year ending 30th June 2023

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* ü preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support Not applicable the conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the Not applicable going concern assumption doubtful; Where accounts are not prepared on a going Not applicable concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 2.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

CC17a (Excel)

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Section C Notes to the accounts Year ending 30th June 2023 (cont)

Note 2	Accounting policies
2.1 INCOME
Recognition of income	These are included in the Statement of Financial Activities (SoFA) when:
	· the charity becomes entitled to the resources;
	· it is more likely than not that the trustees will receive the resources;
	· the monetary value can be measured with sufficient reliability.
Offsetting	There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations	Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
	In the case of performance related grants, income must only be recognised to the extent
	that the charity has provided the specified goods or services as entitlement to the grant
	only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
	Legacies are included in the SOFA when receipt is probable, that is, when there has
Legacies	been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the
	charity or have been met.
Government grants	The charity has not received government grants in the reporting period
	Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims on	donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
donations and gifts	and is treated as an addition to the same fund as the initial donation unless the donor or
	the terms of the appeal have specified otherwise.
Contractual income and	This is only included in the SoFA once the charity has provided the related goods or
performance related	services or met the performance related conditions.
grants
Donated goods	Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
	The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
	the fair value of those gifts at the time of their receipt and they are recognised on
	receipt. In the reporting period in which the stocks are distributed, they are recognised
	as an expense at the carrying amount of the stocks at distribution.
	Donated goods for resale are measured at fair value on initial recognition, which is the
	expected proceeds from sale less the expected costs of sale, and recognised in 'Income
	from other trading activities' with the corresponding stock recognised in the balance
	sheet. On its sale the value of stock is charged against 'Income from other trading
	activities' and the proceeds from sale are also recognised as 'Income from other trading
	activities'.
	Goods donated for on-going use by the charity are recognised as tangible fixed assets
	and included in the SoFA as incoming resources when receivable.
	Gifts in kind for use by the charity are included in the SoFA as income from donations
	when receivable.
Donated services and	Donated services and facilities are included in the SOFA when received at the value of
facilities	the gift to the charity provided the value of the gift can be measured reliably.
	Donated services and facilities that are consumed immediately are recognised as
	income with an equivalent amount recognised as an expense under the appropriate
	heading in the SOFA.
Support costs	The charity has incurred expenditure on support costs.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Income from interest,	This is included in the accounts when receipt is probable and the amount receivable can

CC17 FRS 102 SORP

21/03/2024

Income from interest, This is included in the accounts when receipt is probable and the amount receivable can royalties and dividends be measured reliably. Income from membership Membership subscriptions received in the nature of a gift are recognised in Donations subscriptions and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Settlement of insurance Insurance claims are only included in the SoFA when the general income recognition claims criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. This includes any realised or unrealised gains or losses on the sale of investments and Investment gains and losses any gain or loss resulting from revaluing investments to market value at the end of the year. 2.2 EXPENDITURE AND LIABILITIES

2.2 EXPENDITURE	AND LIABILITIES
	Liabilities are recognised where it is more likely than not that there is a legal or
Liability recognition	constructive obligation committing the charity to pay out resources and the amount of
	the obligation can be measured with reasonable certainty.
Governance and support	Support costs have been allocated between governance costs and other support.
costs	Governance costs comprise all costs involving public accountability of the charity and its
	compliance with regulation and good practice.
	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.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specific level of
conditions	service 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	Where there are no conditions attaching to the grant that enables the donor charity to
performance conditions	realistically avoid the commitment, a liability for the full funding obligation must be
	recognised.
Redundancy cost	The charity made no redundancy payments during the reporting period.
Deferred income	No material item of deferred income has been included in the accounts.
Creditors	The charity has creditors which are measured at settlement amounts less any trade discounts
	A liability is measured on recognition at its historical cost and then subsequently
Provisions for liabilities	measured at the best estimate of the amount required to settle the obligation at the
	reporting date
Basic financial instruments	The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.
2.4 ASSETS
Tangible fixed assets for	These are capitalised if they can be used for more than one year, and cost at least
use by charity
	They are valued at cost.
	The depreciation rates and methods used are disclosed in note 14.
	Debtors (including trade debtors and loans receivable) are measured on initial
Debtors	recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected
	to be received.

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Section C Notes to the accounts year ending 30th June 2023 (cont)

Note 3 Income

Note 3 Income	Income
Analysis of income Donations and legacies: Donations and gifts Gift Aid Legacies General grants provided by government/other charities Membership subscriptions and sponsorships which are in substance donations Donated goods, facilities and services Grant given by company Total TOTAL INCOME	Analysis of income	Unrestricted funds	Restricted income funds Total funds £
	Donations and gifts	76,359	-	76,359
	Gift Aid	-	-	-
	Legacies	-	-	-
	General grants provided by government/other charities	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-
	Donated goods, facilities and services	-	-	-
	Grant given by company	-	3,476	3,476
		76,359	3,476	79,835

		76,359	3,476	79,835

CC17a (Excel)

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Section C Notes to the accounts year ending 30th June 2023 (cont)

Note 4 Analysis of receipts of government grants

No government grants were received during the accounting period

CC17a (Excel)

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Section C Notes to the accounts year ending 30th June 2023 (cont)

Note 5 Expenditure

Analysis Expenditure on raising funds:	Unrestricted funds	This year Restricted income funds Endowmen t funds	This year Restricted income funds Endowmen t funds	Total funds £
Incurred seeking donations	24	-	-	24
Total expenditure on raising funds	24	-	-	24
Expenditure on charitable activities:

Training	-	3,476	-	3,476
Bank Fees	93	-	-	93
Event costs	5,182	-	-	5,182
Insurance	393	-	-	393
IT and software	1,843	-	-	1,843
Legal and professional	1,312	-	-	1,312
Marketing	459	-	-	459
Tutors (contractors)	17,571	-	-	17,571
Miscellaneous Costs	1,249	-	-	1,249
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
Total expenditure on charitable activities	28,102	3,476	-	31,578
Separate material item of expense
	-	-	-	-
	-	-	-	-
	-	-	-	-
Total	-	-	-	-
Other

Accounts and Independent Examination	840	-	-	840
	-	-	-	-
	-	-	-	-
	-	-	-	-
Total other expenditure TOTAL EXPENDITURE	840	-	-	840
	28,966	3,476	-	32,442
				-

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CC173 (Excdl 2110312024

Section C Notes to the accounts year ending 30th June 2023 (cont)

Note 10 Details of certain types of expenditure

Note 10.1 Fees for examination 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. If nothing was paid please enter '0' in the appropriate box(es).

Note 10.1 Fees for examination 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. If nothing* *was paid please enter '0' in the appropriate box(es).*
Independent examiner’s fees Assurance services other than independent examination Tax advisory fees Other fees paid to the independent examiner (accounts review)	This year £	Last year £
	300	-
	-	-
	-	-
	400	-

Figures shown excluding VAT - total invoice £700+VAT, ie £840

CC17a (Excel)

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Section C Notes to the accounts year ending 30th June 2023 (cont)

Note 7 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Accruals and deferred income Total	~~Amounts~~ falling due within one ~~r~~	Amounts falling due after more than oneyear
	~~yea~~ This year £	This year £
	840	-
	840	-

CC17a (Excel)

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Section C Notes to the accounts year ending 30th June 2023 (co

Note 8 Cash at bank and in hand Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total
	This year £	Last year £
		-
	-	-
	48,233	-
	-	-
	48,233	-

CC17a (Excel)

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Section C Notes to the accounts year ending 30th June 2023 (cont)

Note 9 Charity funds

Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

*funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
Training- Cannon	Restricted	A restricted grant to fund photography training	-	3,476	- 3,476	-	-	-
General funds of the charity	Unrestricted	The unrestricted general fund for the charity's work	-	76,359	- 28,966	-	-	47,393
			-	-	-	-	-	-
Total Funds as per balance sheet			-	79,835	- 32,442	-	-	47,393

CC17a (Excel)

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Section C Notes to the accounts year ending 30th June 2023 (cont)

Note 10 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

10.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity

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10.2 Trustees' expenses

No trustee expenses have been incurred

10.3 Employees

The Charity did not have any employees

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