Company registration number: 14176327 Charity registration number: 1201542
**SVITLO EDUCATION LIMITED TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025**
Holy Brook Associates Ltd
## **Svitlo Education Limited Contents**
||**Page**|
|---|---|
|Trustees' Report|1—3|
|Independent Examiner's Report|4|
|Statement of Financial Activities (including Income and Expenditure Account)|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7—10|
## **Svitlo Education Limited Company No. 14176327 Trustees' Report For The Year Ended 30 June 2025**
The trustees present their report and the financial statements for the year ended 30 June 2025.
## **Objectives and Activities**
## **Aims and Objectives**
To advance the education and training of children and young persons in Ukraine, Ukrainian refugees and those affected by the conflict in Ukraine, in the UK 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 in adapting within a new community.
## **Public Benefit**
Svitlo school provides inter alia online lessons to Ukrainian pupils, partners with schools in the UK, US and EU in peer to peer teaching, and in person summer programmes, advice and assistance with education and careers choices, supplies books in English to Ukrainian schools for mini libraries being accessed by pupils, has run its first alumni in person summer programme for graduated pupils.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
## **Achievements and Performance**
## **Main Achievements**
Over 1300 new pupils registered during the 2024/25 academic year, taking the total number of Svitlo students served to 2500 since inception.
Over 30 new volunteers were onboarded which enabled additional subjects to be added to the curriculum and lessons to be added to the timetable.
More details will be available in the next published Impact Report due out in December 2025.
## **Financial Review**
## **Financial Position**
The charity is proud to have closed its 3rd financial year, having seen a growth in donations used directly to benefit the pupils experience of Svitlo’s lessons as well as the effective day to day running of the charity.
## **Reserves Policy**
The Trustee’s reserves policy remains the same - ensuring three months of operational cost is available to provide stability and continuation of the charity’s work.
There was £79,295 held in unrestricted funds at the year end which is in line with the charity’s reserve policy.
## **Structure, Governance and Management**
## **Governing Document**
The charity is governed by Articles of Association and is registered in England and Wales.
## **Trustee Selection Methods**
All trustees vote for the appointment of a new trustee, having considered the skills and experience of prospective trustee(s) as they relate to the effective running and development of the charity.
## **Reference and Administrative Details**
## **Trustees**
Ms Waritha Sisson Ms Aude Pacatte (appointed 10/10/2025) Mr Euan Wilmshurst (appointed 01/06/2025) Ms Heather Rhodes
Page 1
**Svitlo Education Limited Trustees' Report (continued) For The Year Ended 30 June 2025**
Ms Anna Vishnevskaya
## **Charity Number**
1201542
## **Company Number**
14176327
## **Principal Address**
22 Greenwood Close Morden SM4 4HX
## **Independent Examiner**
Rachel Eden FCMA Holy Brook Associates Ltd Curious Lounge Reading Berkshire RG11NH
Page 2
## **Svitlo Education Limited Trustees' Report (continued) For The Year Ended 30 June 2025**
## **Statement of Trustees' Responsibilities**
The trustees (who are also the directors of Svitlo Education Limited for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Small Company Rules**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Ms Waritha Sisson Trustee 22/10/2025
Page 3
## **Svitlo Education Limited Independent Examiner's Report to the Trustees of Svitlo Education Limited For The Year Ended 30 June 2025**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2025.
## **Responsibilities and Basis of Report**
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 accounts to be reached.
Rachel Eden FCMA Date Curious Lounge Reading Berkshire RG11NH
Page 4
## **Svitlo Education Limited Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 June 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**4**
**EXPENDITURE ON:**
Raising funds
**5**
Charitable activities:
**5**
Charitable Activities
**NET (EXPENDITURE)/INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**12**|**Unrestricted**
**funds**
**£**
176,730|**Restricted**
**funds**
**£**
3,500|**2025**
**Total**
**funds**
**£**
180,230|**2024**
**Unrestricted**
**funds**
**£**
182,229|
|---|---|---|---|---|
||(5,572)
(173,947)|-
(3,500)|(5,572)
(177,447)|(50,811)
(96,727)|
||(179,519)|(3,500)|(183,019)|(147,538)|
||(2,789)|-|(2,789)|34,691|
||(2,789)
82,084|-
-|(2,789)
82,084|34,691
47,393|
||79,295|-|79,295|82,084|
The notes on pages 7 to 10 form part of these financial statements.
Page 5
## **Svitlo Education Limited Balance Sheet As At 30 June 2025**
|**Notes**
**CURRENT ASSETS**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**10**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted Funds
**TOTAL FUNDS**
**12**|**Unrestricted**
**funds**
**£**
80,363|**Restricted**
**funds**
**£**
-|**2025**
**Total**
**funds**
**£**
80,363|**2024**
**Total**
**funds**
**£**
83,152|
|---|---|---|---|---|
||80,363
(1,068)|-
-|80,363
(1,068)|83,152
(1,068)|
||79,295|-|79,295|82,084|
||79,295|-|79,295|82,084|
||79,295|-|79,295|82,084|
||||79,295|82,084|
||||79,295|82,084|
For the year ending 30 June 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Ms Waritha Sisson
Trustee Date
The notes on pages 7 to 10 form part of these financial statements.
Page 6
**Svitlo Education Limited Notes to the Financial Statements For The Year Ended 30 June 2025**
## 1. **General Information**
Svitlo Education Limited is a company limited by guarantee, incorporated in England & Wales, registered number 14176327 and registered charity number 1201542. The registered office is .
## 2. **Statement of Compliance**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
## 3. **Accounting Policies**
## 3.1. **Basis of Preparation of Financial Statements**
The financial statements have been prepared under the historical cost convention.
The charitable company is a Public Benefit Entity as defined by FRS 102.
## 3.2. **Incoming Resources**
All incoming resources are recognised once the charity has entitlement to the resources, it is probable (more likely than not) that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
Where there are terms or conditions attached to incoming resources, particularly grants, then these terms or conditions must be met before the income is recognised as the entitlement condition will not be satisfied until that point. Where terms or conditions have not been met or uncertainty exists as to whether they can be met then the relevant income is not recognised in the year but deferred and shown on the balance sheet as deferred income
## 3.3. **Resources Expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to each category of expense shown in the Statement of Financial Activities. Expenditure is recognised when the following criteria are met:
- there is a present legal or constructive obligation resultingfrom a past event
- it is more likely than not that a transfer of benefits (usually a cash payment) will be required in settlement
- the amount of the obligation can be measured or estimated reliably.
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
## 3.4. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 4. **Income from Donations and Legacies**
|Donations and gifts
Gift aid
Grants|**Unrestricted**
**funds**
**£**
166,420
10,310
-|**Restricted**
**funds**
**£**
3,500
-
-|**2025**
**Total**
**funds**
**£**
169,920
10,310
-|
|---|---|---|---|
||176,730|3,500|180,230|
Page 7
## **Svitlo Education Limited Notes to the Financial Statements (continued) For The Year Ended 30 June 2025**
|Donations and gifts
Gift aid
Grants
.
**Analysis of Expenditure**
Raising funds
Charitable Activities
Raising funds
Charitable Activities
.
**Support Costs**
Employee costs
General administration
Governance costs
Employee costs
General administration
Governance costs|**Unrestricted**
**funds**
**£**
158,086
7,500
16,643|**Restricted**
**funds**
**£**
-
-
-|**2024**
**Total**
**funds**
**£**
158,086
7,500
16,643|
|---|---|---|---|
||182,229|-|182,229|
||**Activities**
**undertaken**
**directly**
**£**
5,574
127,804|**Support**
**costs**
(see note 6)
**£**
(2)
49,643|**2025**
**Total**
**£**
5,572
177,447|
||133,378|49,641|183,019|
||**Activities**
**undertaken**
**directly**
**£**
44,383
74,065|**Support**
**costs**
(see note 6)
**£**
6,428
22,662|**2024**
**Total**
**£**
50,811
96,727|
||118,448|29,090|147,538|
||**Raising**
**funds**
**£**
-
(2)
-|**Charitable**
**Activities**
**£**
36,925
10,137
2,581|**2025**
**Total**
**£**
36,925
10,135
2,581|
||(2)|49,643|49,641|
||**Raising**
**funds**
**£**
6,379
49
-|**Charitable**
**Activities**
**£**
-
20,973
1,689|**2024**
**Total**
**£**
6,379
21,022
1,689|
||6,428|22,662|29,090|
## 5. **Analysis of Expenditure**
## 6. **Support Costs**
Page 8
**Svitlo Education Limited Notes to the Financial Statements (continued) For The Year Ended 30 June 2025**
## 7. **Independent Examiner's Remuneration**
|Independent examination of the financial statements
Other assurance services
Tax advisory services
Other financial services|**2025**
**£**
360
708
-
-
1,068|**2024**
**£**
360
708
-
-|
|---|---|---|
|||1,068|
Amounts given include VAT
## 8. **Staff Costs**
|Staff costs were as follows:
Wages and salaries
Other pension costs|**2025**
**£**
39,662
1,717
41,379|**2024**
**£**
5,333
1,036|
|---|---|---|
|||6,369|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
## 9. **Average Number of Employees**
Average number of employees during the year was: 1 (2024: )
## 10. **Creditors: Amounts Falling Due Within One Year**
|0.
**Creditors: Amounts Falling Due Within One Year**|||
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|Accruals and deferred income|1,068|1,068|
## 11. **Pension Commitments**
The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £1,717 (2024: £1,036).
At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.
## 12. **Movement in Funds**
|**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Cannon training
**Total funds**|**As at 1 July**
**2024**
**£**
82,084
-|**Income**
**£**
176,730
3,500|**Expenditure**
**£**
(179,519)
(3,500)|**As at 30**
**June 2025**
**£**
79,295
-|
|---|---|---|---|---|
||82,084|180,230|(183,019)|79,295|
Page 9
## **Svitlo Education Limited Notes to the Financial Statements (continued) For The Year Ended 30 June 2025**
|**Unrestricted funds**
General:
General unrestricted fund
**Total funds**|**As at 1 July**
**2023**
**£**
47,393|**Income**
**£**
182,229|**Expenditure**
**£**
(147,538)|**As at 30**
**June 2024**
**£**
82,084|
|---|---|---|---|---|
||47,393|182,229|(147,538)|82,084|
## 13. **Transactions with Trustees**
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
## 14. **Related Party Disclosures**
There have been no related party transactions in the reporting period that require disclosure.
## 15. **Company limited by guarantee**
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 10