Charlty r•glstr4tlon number 1201618 Fnqland and Wale81 HOPE LEBEDYN ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Caladine Chorlered Certified Accovnlonts
HOPE LEBEDYN LEGAL AND ADMINISTRATIVE INFORMATION Trust8•• Mr P Martln Mrs W Grisham IAr J Lylè Mr J Bellett Mrs S Taylor MrAlan Charter Ichalrl (Appointed 28 November 20231 Charlty numbor 1201618 R•gl•t•r•d offle• 14 Horstod Squar• Uckfield East Su8WX TN22 IQG Ind•p•nd•nt •xAmln•r John Cal8dlne FCCA CTA FCIE Caladlne Llrnlted Ch4ntry House 22 Upperton Road Eastbourne EaBt Suss BN21 1BF 8onk•v• Uoyd$ Bank PLC Weslmln61er Hou8• Sw¥nsea O&c Epona House Pheonlx Way Sw8n8ea SA7 9HG W8e Paym8nts Ltd 6th Floor The T•a Bulldlng 58 Shoredltch Hlgh Streot London El 6JJ
HOPE LEBEDYN CONTENTS Page Trnste•8' rèport Indfrpondent •xamln•V8 report Statement of flnancbal •cVle5 ststement of ffinandal po8lJon statement of cu¥h flow8 Not•$ to the fbn•nelg14tatements 8-13
HOPE LEBEDYN TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The twsteeB PTe88nt thelr annu81 report ond financlal Stslements ftythe year •nd8d 30 Septembor 2024. The fin8ndal slalèments have been prepared In a¢cordanc8 th the accounllng policles Set out In note 1 to the finanbial 8tsl$ments and comply wth the charity'5 governing dD(JJmenl, the Charitie5 Act 2011, FRS 102 'The Financlal Reporting Standard applicable In the UK and Republic of Ireland. and the Chorilies SORP "Accounting and Reports'ng by Chadlies.. Statement of Re¢ommen¢J•d Pracilce applicable to th8ritse5 preparing their accounts in accordance th the Financial Reportlng Standard appllcable in the UK and Republlc of Ireland IFRS 1021" ObJectlv•8 •nd •ctlvltle• The focus of tha charfty is to further suc charitablo purposes for the public benefil In Labédyn and elsewhere in Ukraine that comprise.. . the advancement of the Chr15b8n lalth by supportlng the outreach and MISOn of Sumy Spiritual Revlval Mi581on', the relief of th08e in noed by ¥S0n ol youth. age, iU-he811h, dl8&bllty fin9ncial hardshp or other soclal or economlc disadv8nt898. Hope Leben 18 8 gr8nt maklng char(ty to $upport Chrlstlan mln18try In malnly Ihe Sury r¢glon of Ukraine. The Ex¢¢ulive Director meets weekty on $¢¢urè vid80 connection lo diBcu66 and asiess Ihe needs that are known and to hove report3 on how activ8 have b8en achleved. Photographs are Sènt so that a weekly prayer update sho•t can be sent to loyal prayer supporter8 01 the woth so all donorn and prayer partners can see how fund4 8r¢ belng used and lo molivale them lo pray. Hl¥tory Lebedyn 18 a 8mall Tural town wllhln th• r•glon of Sumy, Ukralne. The word 'L•bed' translates ai Swan. Lo1 hl8tory says that TthaikDvsky wrote Swan Lake inspired by the be8uty ol the Ioc81 reglon al thal Ilm8. Sadty, much has changed and the town h8s now b8en left forgotten. Wlh a pre-war populatlon ol around 28,500, unèmployment was a Staggering 85Va. Llght came in the fom of Sergey Qvchorenko18 local paslorl and hlj $m811 cOngregaOn who, th v•ry Ilttle re80urces, wanted to start 8 chyrth btlnglng pracllcal care and the love of J88U8 to a lown that so de$pèratety needed God. Hope Lebedyn wa5 bom In 1999 al a meellng with ICC Mlsllons founder Peter Martln And Pastor Sergey oyth8nkO, at whkh the great need8 01 the people were revealed. Around Chrf8trna6 1999 ald trucks sel oll lo brlng Immediatè r&li8f and fund5 were sent lo purchase 8n old kindergarten 8chool as a ml$slon cenlre - Bnd 80 ICC Mis8ion8 was born to bring 8UPPOrt to the mlsslon eentre that 18 owned and wn as a charlty by the ind8pendgnt learn In Lebodyn, Sumy. In 2009, wh&n ICC marged with Sprlng Harvest lo become Essential Chri¥lian, th¢ name changed to EC ml¥slon8. In 2021 the EssenUal Chrl8tl8n Board beaan to con81der the be8t structure to malntaln the work Into the future And the folln9 year work began on sethng vp a new Tru81 with 11$ own trustees. This incorporated 8 name ¢hAnge to'Hope Lebetfyn" D¢Jrlng recent yaars the work hAd grown slgnificanify wlh 2 bulldings In operation and the leBm reachlng people Ihroughout the Sumy gIon. In February 2022 the full-sc81e Inv381on of Russia inlo Ukrainè happened brlnging dev8$tslion to the area. Whal was already the poor85t region In Ukralne had lo cope with deeper poverty and the Impact and uncertainty of war. The team was enlarged to help reach people and lo share the gospel message evèn wldar. In January 2023. Hope Lebedyn bècame an Independent Charity, with a fo¢us solaly on the work in Ukr8in&. The work sUppo.n9 the mi5slon centre Carried on un¢Jer the umbrell8 of Essentl81 Christian while everythlng wa8 put Into place to run efflelèntly Including opening bank accwnls. Ess8n1681 Christian a150 wanted lo ¢n$urè that It gave good ¥lrong guidance for the sel up for excellent charity uovemance. It stsrted to be fulty Independenuy operallon81 from Seplember 9 2023, iowards th8 ènd of the financial year. Today the Mission Directorls Pastor Bohdan Tlmchlshyn and he has 8 team of 8 others pluB many volunteers lo execute the rninlstry- The war has plunged local famllies into extrerne poverty, increased crime rates and put fvrther strain on the Ioc81 infrastructure. There is unprecedented demand for ald and support in Leb8dyn and the Sumy region. The mis8ion ol Hope Lebedyn Is lo provide support lo lh6 local church in delivering not onty essential aid. but the lile changing Gospel of Jesus. The chuich and mlsslon centre with ai its advrtlès have become a beacon of Ilght and hope for those who Ilve in the 8r88. Many lives have been transformed through the aid and the life-sen9 power of the Gospel. The light of Christ shines in the darke3t of places. Public benefit The trustees have paid du8 r8gard to guidan issued by Ihe Charity Commission in deciding wh81 actlvltles the charity should undertake.
HOPE LEBEDYN TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Grant m8klng poIIcy All grants over $2.000 need to be gpproved by 2 OT more Iru8lees gnd any ov8r $10.000 need full board approval. All payments require dual slgnature from either the treasurer and one other trustee. Recelpi Jnd reports of grants glven are kepl on file wlth photographic evidence where 8ppropriate. Achl•vements •nd perfornlance Swnificant activities and 8chi8vement$ 098inst objectives Thls finpncial y•8r period Is the first full financial year 8ftar Independence from E8senll81 Chrlslign. Donatlons giew slightty this year lo £153,936 with grants given totalling £105,7C4J. More had been planned to gend for the opening of Ihe new blble colleue within Ihe centre bul due to the Invaslon In the nelghbourlng Kuisk reglon In August, the September openlng had to be postponed. The Sumy Ravlval Centre through th1% past y•ar ha$ achleved much work e$p¢¢lally wth Ihe POOT, eldety. vulnerabla. chlldren, youlh and needy becaus• of the war. Every actlty 18 done th the Chr49li8n me88age belng explalned or 8 Blble or Chd8tl8n literatur8 belng gSven. Everylhlng 18 IelY given to ensure that 811 puillc ar• bonefltted. They have Bupport•d oth•f churche& and Smal mlnl?Ide8. orph8nage8 and schools Ihroughout the region. Other hiBhllghls oré.. Weekty church seIce6 held In dtfflcull drcum8tance8. A chIldn,3 dub every Saturday whlch Is open to all, produclng fun gfjmes and cTaft$ and wlh In¢•rac¥on around the 8lble. Th6 bakory ha8 been a portlcular hbghllghl d18tributlng over 10,000 104vè#, vAth 8 hope to bake Jround 20,000 loaves thls nexl year- war p¢milttlng. Many have corne lo f8tth through thls mln151ry. 26 people In Ihe pupp•l Ih•alre minlstry, Yllh 3 lepm8 producln9 50 shows la61 year In camp8. schools and orphanage8. Weekty Youth work and Chlldren'8 dubÈ- nurnber8 vary dve to 8lrenB or wh¢thar famllleB have fled. 21%50 young peOe atiend every we&k provlding one of the only youlh club$ In the county. E6tab118hmenl of a Blbl• college programrne bul awabtong It$ Start due lo the ongoing wor. Chrt$ll•n teen group8 flourfshed wtth 2 homa groups of young people seeking to $ludy to get to know more about God. Approximatsly 20 tons of ?id h•vo blen dlstrfbuted. A Bewlng minlsty that makes bedding lo give to 9¢s, g local orphanage or th¢ local hosprtgt. Regular vl8bt8 to care homes and pl8¢¥$ for Iho dlsabled to give help, tsklng ald, b8ddlng, incontsnenctr pads and fresh bread from the bakery. Regular l$it5 lo the h95Pital to be with the children waiting for operations or have been abandoned, and donjtlng beddlng for those that cannot 18ké thèir own Into hospital. 7 weeks of camps and many other 8pedAI events reaching hundr•d8 ol familles and 800 children at hristmas. Support fof a P8$1or of a church in Sarnotoivka who Ilvas and works in extTeme ¢ondition$ near to the Russian border. 1,000's ol Bibles and Christian lrterature distributed. especlally the Jesus Story book Bitlè vA)ich Ihe children rèally onjoy. Support to purchase a new mlnibuÈ fciwth done out in the communrty
HOPE LEBEDYN TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 Pur¢h4sed 8 replacement piano forthe musl¢ work A solar powered generator lo help keep the offlce runnlng whllst power oul8g86 are In place. Grant810 8UPPOrt up to 9 team members doing the work there. Much ol the work that hos been done has been life changlng and creoted a lifeline lor many. The WO the team al Ihe Sumy Misslon Centre and those Ihtry partnèr wlth Is exceptional glven the challengino sbtuation they are operating and livlng under. W88kty updates of all activltfjes ar• available lo vlew th picture8 on the Hop• Labedyn website F5nanci•l r•vlow The charty's onty source of Incom& 1$ Irom donatlons. The Board are gr•leful to every trust and individual donor, be Ihey one off gifts, or regular monthty donalon8. who gave to 118 dlledly In tha flnancl81 year. The Board wulaty conslder8 the charfty's Athvlt1•8 In Ilne wmh Its Income and •xplore8 new avenueB for larg• grant lund8 each yeaT lo bolBI?r up Its règular don8lon baBe. Re8eThes policy The charlty's practlc8 15 lo hold In re8•rv8 at L888t 8ufflcAenl to cov•r thra• months of usual outgoing8 Jnd fvlur planned expenditure. At 30 Sèptèmbar 2024, the ch8rfty had TeseThei of £353.803. of whlch £11.000 w8a rnstrtcted. Of unre8trtcted lund8, £85.000 Is currentty held bBck lor post war repalrs lo the rool of the Sumy Revlval Centre damaged al th• baginnlng of the conflicL £42,000 foi Ihg Ble College to start, leaving £215,803 on General fund8. M6jor risks Th¢ Tru81888 belleve they are aw¥ro of tha mglor risks to whlch the tharty IJ exposed and th8t contro18 are In ploC• to mlligate them. A Risk Regi¥ler 1$ btlng croated and the Trustees alm lor robust management oveT¥lght. The Trustees consider the prfntyp81 rtsks and uncertainties lacing the tharlty, and the plan8 and slTategie3 for m8naglng thes8 r15k5, to be.. Th* war bgthen Ukralne and Rus8ia and Ihot th8 Sumy Revival Mi88ion Centr• can contknue rt8 actlvltles. Woth has been done to h)ok al how the mlni8try can contlnue In times of confllct gettlng doser. This li monllored every rnonlh by thg Executive Director. The trust ¢on glve grants to others operating th the same rnlsBlon Bnd mlnl¥try prlnclples enabllng the tru¥l lo conllnu8 Its 8UPPOrt of the church In thls n•edy area. The Sumy Revival Mission Centre Is compliant lo ony natlonal laws surroundlng actltieS wfth children ond vulnèrablè adurts. Tralning 18 given annually lo all volunteers and team by tho Mi$$ion Dlredor in Sumy. 8tructur•. governance and managemont Hope Lebedyn Is 8 ChArftable Incorporated Org8ni88tlon ICIOI whlch was reglstered on 17 Jonuary 2023 (charity registration numbor.. 12018181. Thg trustees who served during the year and up to the date of svjnalure of th? ffinanclal ststements were-. Mr P Martin Mrs W Grisham Mi J Lyle Mr J Bellett Mrs S Taylor MrAlan Charter (Chairl IAppThnted 28 November 20231
HOPE LEBEDYN TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2024 RecfUitm8nt and appoinlm8nt ortrust8ès The art curnentty 6 trustees of Hope Lebedyn. The Chalr role ha¥ now been iransferred frorn Peter Marfn lo Aan Charter givlng more robust goveman¢e to the charlty and allowing Peter as Execubve Director more time to run the ministry on a day-Io-d8y basis. Twslees art kept appraised ol change5 to ciarity goveman¢e with regular attendance to Charity cornm185lon and olh•r traSnlng inStlatives. This included a residentlal time away to look at a 90vemance areas with Macllellan learning community programme. This h88 helped shape decisions and policies. For the future all new trustees wlll go through a process of interview, read the CIO goveming document and any rinanclal reports and accounts as well as belng dlrected to the Current charity comrni8sion publlcatlon6 Yor new Iru51ees. Th•y wlll also attend up to S inJ8lee rneeting5 to be In ottendanc& wth no voting rights so as lo establish 8Uitabllty. Other meetings will be pro¥Sded W reque8ted to estsblish 8Uitability. None of the Iru81ees has 8ny nriAl Int•re8t in the company. All of the tru8tee¥ are members ofthe company and guarantee to contrfbut• t1 In the event of a ndIng up. OrganisJllon81 $lruclurg The Trustee8 carry the legal and finandal responslbllty for the ¢h8rlty and a&t8bllsh the vSslon and mlsslon %thlle ffloniloring il¥ acti11¢$ and pollcies. The Board rneels 4 limes over th• y•8r. In additson, there IJ a Flnance Commlltee vJhi¢h also meets 4 tlmes o year P0T lo •ny board mèetlng. It h8s 4 mernbers which Indudes th¢ Executlve Dlrector, Treasurer, a board fflember and an IndèpèntJent person trained in finance Its hlp brlng detailed •crutiny to the accounts. The truslee8 give deleg8l¢d outhority for the day-today running of the Iw$l lo the Executive Dlrector under contract. The Exe¢ullvè Dlrèctor Is respon6lble for all operallonal matt¥r$ In¢ludlng fundralslng. day-Io-d8y tln8nc•, mmunicatlons both with donors, partners and within the Ukr8ine. The Charlty seeks to give grants to project8 that leke plac• wbthin the work of Sumy Revlvlll MlsJlon Contra and through th18 reglon of Ukraine as f•qulr•d. There 16 a Ilnk wmh E188nilal ChrI8an through Joe Bellett, who IÈ a trustee of Hop& Lebedyn and Chlef Operallon Officer ol E3$enll81 chrI8n. Accordingly, he doe8 not lake part In dedslons about the servlce agreement th ESnIal Chr18tlan Th6 trus18, report Wa8 approved ty Ihe Board of Trustees. MrAlan Charter (Chalrl Ch•lman 14th Juty 2025
HOPE LEBEDYN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOPE LEBEDYN I rèport to the trustees on my examlnatbon of the flnanclal stslements of Hope Lebedyn lthe charty) for th8 y•ar •nded 30 September 2024. Resp0n8lbllltl and baBl• of report A8 the trusl6e$ of th¥ charity you are responslble for the preparation of the financial statement8 in accordance wf(h the requirements of the Charities Act 2011. I r&port in respect of my eyamin8lion of the chadty'$ Ilnancial statements carried out under 5ectlon 145 of the Charities Act 2011. In carying out my eXamInaon I hgve followed ihe Directions glven by the Charty Commisslon undef Section 14515llbl of Ihe CharlllosA¢l 2011. Indopondent èxam1• tat•m•nt Your attention 18 drawn to the fact th81 the chadty has prepared Ihe financial slal8ments In a¢cordance wlh the relevant verBion ol the Stslement of Recornmended Practice aPPC8t1e to chJTftJg5 preparfng thelr flnanclal staternent8 In 8c¢orilanc• Mth the Flnand81 Reportlng Standard applirabl8 In tho UK and R8publSc of Ireland IFRS 1021 In pr¢f¢wn¢¢ to th• Accountlng and Reporting by Charilles.. Sl8t8ment of Recommended Practlce Issued on 1 April 200S which Is referred to in the extant regulallons but has now been vlthdrawn. l undersland Ihal th1$ has b&6n done in order for the financial ststem8nls to provide 8 true and fair vlew 8ccordance th UK Generalty Accepted Accounlng Practlce. I have completed my exomlnatlon. I conflmi that no matter8 hava comè to my attentlon In connecilon th the examination glvlng mo cau$e to belleve Ihat In any material respe¢t'. accountlng records wero not kept In respect ol the charity as requirtrd by $•ction 130 of the Charitles Act 2011. the flnando18tstemeni6 do not accord with those ro¢ords', or the financl818t8temonts do not comply wlth the appllcable requlrom¢nl8 ¢oncemlng the forrn and content of flnanclal st8tements sel out In the Charityes (Accounts ond Reportsl Regulation8 2008 other th•n any r•qLsirement that the flnanclal Btatemenl8 glve 8 Iwe and l•lr vlew, whlch 18 not a rnatter consklered a6 part of an independent examination. I have no concems and have coma across no other matters in connection with Ihe exarnSn8tSon to which attention 8ould be dr8wn In thls r•port In order to enable 8 proper understanding of th• Ilnanclal staternents to be reached. John CalAdlne FCCA CTA FCIE Caladine Lirniled Chantry House 22 Upperton Road Eastboume E881 Sussèx BN21 IBF Dale.. ........
HOPE LEBEDYN STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR ThIE YEAR ENDED 30 SEPTEMBER 2024 Unr••trlct•d Re¥trfct•d lund$ fund• 2024 2024 Totsl Llnr8strlct•d Reotrtctod fund¥ lund 2023 2023 Total 2024 2023 Nots• Income from: Donations and legocies Investrnents 130,762 8,01S 23.174 153.938 6,016 334,333 24.998 359,331 Total In¢om• 138,777 23,174 159,951 334,333 24,998 359.331 Exp•ndlturn on: Ch8rit8bla actlvROe$ 99,308 35,202 134,510 28,969 2,000 30.969 Total •xp•ndltur• 99,308 35,202 134,510 28,969 2,000 30,969 Not In¢om•ll•xp•ndltur•l 37,489 112,0281 25.441 305,364 22,996 328,362 TrAnshrs b•fv4een funds 11 1301 30 N•t mov•ment In fund• 37,439 111,9981 2S.441 305,384 22,998 328,362 R•¢on¢lll•tlon of lund•: Fund balances al 1 Octobor 2023 305.384 22,998 328,382 Fund balnc•g ot 30 Sèpt•mb•r 2024 342,803 11,000 353,803 305,364 22,998 328.362 The slatem•nt of fln8ndal 8Ctlvitles Indud8B all gain8 and Ios888 recognlsed In the year. 1 in1me and •xpondllur• dorlve from continuing athiues.
HOPE LEBEDYN STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2024 2024 2023 Currnnt assets Trade and other Tecefi¥8bleg C•$h at bank and in hand 2,234 355,369 340.607 357.603 13,8001 340,607 112.2451 Curr•nt Il¥bllld•• 10 N•t ¢urr•nt aM•ts 353.803 328,382 The fund• of th• chartty Restrlcted Income funds Vnrestrlcted fund8 11 12 11,000 342.803 22,898 30S.364 353,803 328,382 1410712025 Tho fln•nclal 8tatemenlJ were approved by the tru$lee$ on ... Mr Alan Chart•r ICh8lrl Chalrni•n Mr P Mgitin Tiu•t••
HOPE LEBEDYN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng poli¢l• Hope Lebedyn Is a ch&rltable incorporated organi8atlon. 1.1 Accountlng conv•ntlon The financlal stslements have been prepared under the Ch8Yitses Act 2011, and In ac¢ordance wlih the Charities Statement of Recommended Pracuce ICharNlès SORP IFRS 10211, and Financial Reporting Standard 102 IFRS 1021. The flnanclal statements have departèd from tha CharitJe5 (Accounts and Reports) Regulalbns 2008 only lo the extent requlred to provlde a Iwe and f8lf view. Thls dep8rture ho$ Involved following th8 Statement of R8MManded Practlce for charflles applylng FRS 102 rather than the ver8ion of the Statement of R•¢omm8nded Practlctr whlch 18 r•ferred to in the Regulpllon$ but which has 81nce betn wlthdfgwn. The finanrjal 8taltrm¢nt8 8re prepared in sterfing, rounded to the nearest £. The charity Is a Publ1¢ Benofft Entity as defined by FRS 102. AB8ets 8nd Ilabllltles are Inbtlalty recognlsed at hlstorical co61 or Iransactlon value unl•ss Ststed In the relevant a¢¢ounting pollry. Tho flnandal 818tsmentB hove b•an prapared under th• hlstodcal eost convention. The prindpal accovnting pollcies adopted Bre set out below. 1.2 Golng con¢•m At th8 time ol approving the finon¢ial statements, the Iruslees have a re030nable exp•ctaUon that the chartty has adequate reÈource$ to contlnu8 In operallonal ¢xi6tence for the foreseoabl• futur8. Thu6 Ihe trustees conllnuo lo adopt the going concern basls of u¢¢ountlng In Preparing the flnonclal ststementS. Gener81 fijnd are unrostrlcted lund8 which are 8vailable for uie at the discretion of the Tru8tees In further8nce of the gener41 obj•cllve8 of the Charlty ond wffilch have not been desbgnalod for other purpo88B. Restrlcted lund8 are fund$ which are to be u¥ed In accordance wth Ihe 8p•dflc restrlctlon8 imp06ed ty donors or whlch have been raised by the Chamty for particular purposes. The cosls of r8islng and admlni¥lerSng wch fund5 are charged agbln$l the speclfic fund. The •lm and use of each re5trfcted fund Is $¢t out In thè notes to the flnandal 8talemenl$. 1.3 Income Income Is recognised when the charbty Is legalty enlttled to li after ary perlormJnce condlllon8 have been met, ihe amounts can bo mèasured reli8bty. and It18 probable that income wll be recelved. IA Expendlture All expenditure Is recogni5ed as 50011 83 8 11obllty 19 consldered PTob8bl•. gnd has been cla8sffi8¢1 undor h&8dlnq$ th8t aggregate ail $19 relal$d lo Ihe category. Expendlture on charitablo 8etivltles is Incurred on direclly und¢rtaklng the actiwtie$ whSch lurtheT the Charity's objectives, as well 35 any assoaated support C08ts. 1.5 Cash and cash •quS¥alents Cash at bank and in hand includes ca$h and short-temi highty liquid investrnent5 Wrt a short maturlty of Ihree mDllths or less from the dale ol #¢qulsttlon or opening of the d8P081t or slmllar accounL 1.6 Flnanclal in•trurnents The charity only h85 finan81 assets and financial 118bllrties of a klnd that qualfy 88 baslc financoal Instruments. Basic finAncial Instruments are initially recognised at trans8Ctiw value and subsequently measured al their 58tdement value.
HOPE LEBEDYN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcl•s IContInu) 1.7 Credltors and provislonj Cr8ditors and provisions ore recogn18td when the tharty has a present obllgatlon 851n0 from a past event that wlll probably result in the transfer of ftjnds to a thlrd party and the amount du8 to settle the obligation cJn be measurad or e8timaled r•Uabty. Creditors are recKJgnised at their settlement amounl. 1.8 For•lgn •xchange Tran53dons In currende8 Other than pounds st•rtlng are clyde at the rete$ tsf •xch&nge Prevailing at the dale5 01 the transaction8. Al each reporting end dgle, monetsry assets and Ilabllilles that are denorninaled in fof8lgn CUTfenci8s are retranslBted at the rates pr8valling on Ihe repor16ng end dats. Gains and IOBSOS arlslng on tronslation in the perto¢J are Includèd in profft or IoB8. crftlcal •c¢outhtlng ••tlm•t•g •nd Judgem•nts Th•r• w•r8 no 8lgnlficant eitirnale$ and ludg•mants made by the Charty. In¢om• from Snve•tm*nt• Unrn•trlcted Unr•strfcted fund• fund¥ 2024 2023 Inlor¢$l r•¢dvable 6,015
HOPE LEBEDYN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 expendltur• on charltable acilvltles charflabl• activitie• charltsble activlties 2024 2023 Dlr•et co•ts Management chgrge Consultancy Bank charges Forelgn exthang•108$ Insurance Travel ¢osts Subscriptions MIS11•nO0US •xpenBe4 8,103 2,00 43 803 24.000 493 117 140 922 125 319 27.010 10,949 Grant fundlng of act111¢6 (Bee note 51 105.700 17,880 Sh•r• of •upport and gov•manc• co•t• l•M not• 61 Govemance 1.800 2.180 134,510 30,969 An•ly¥l• by fund Unrestrfcted funds- general Regtrict•d funds 99,308 35,202 28,969 2,OCWJ 134,510 30,969 Gr•nts p#bI• ch•rtt•bl• acllvltlo8 2024 charltsble act11188 2023 Grants to Instl(utlons'. Sumy Revival Centro, UkJalne. 105.700 17,860 10-
HOPE LEBEDYN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Support co•t• allocated to 4ctlvllles ¢harltabl• actlvltle* 2024 Tot•1 2023 Goveman 2,180 2024 2023 Gov•m•n¢e ¢omprl••: Independent •xamlnatlon fee8 AccKJuntanc 800 1.200 1,200 1,800 2,180 Tru•tM• Durfng thè pertod. P Martln. was pald £24.000 for h18 consultancy se¢88 rals8d througtt a restrfcted lund. Thls 18 pomiitted by the consliluts'on. No Other trustees received any r¢munar8tlon or other beneflt8. No tru&tee8 rtr r•lmburn•d axpenses In the period. T•utlon The tharlty Is axempt f¥om taxatlon on Ils actlvlll88 becauBe In the oplnbn of the trusiee5 411 Incom• 18 applled for charttsble purpo8trS. Trad• and oth•r rec•lv•bl 2024 2Q23 Amount• l•lllng du• wlthln on• y•ar. Other dobtor8 IGIftAdl PrepaymenlB and ec¢mad Income 1,815 419 419 10 Current Il•bllllk• 2024 2023 Trade payables Accnjals and deferr¥d Income 2,000 1.800 10,085 2,160 3.800 12.245 11
HOPE LEBEDYN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 11 Regtrlcted fund• At l October 2023 Incomlng resourc ROUr¢ exp•nded Tr•n8f•r8 At30 Sept•mbor 2014 Con8uttancy appeal chstmaS appeal Trav81 costs 22.800 198 12,200 10,409 585 124,0001 110,8371 15651 11.000 30 22,998 23.174 135,2021 30 11,000 Pr•vlou• Perlod: At 1 October 2022 Incomlng our¢ R••ourc•• •xp•nd•d Trnn•f•rn At30 Sopternber 2023 Con8ull8n¢y 8ppeal Chrfstm88 8pp•al 24,BC¥J (2,0001 22,8tsJ 24,998 12,0001 22.998 Con•ultsncy app•al fund: The Chlef Execullve h•$ r418ed p•rsono1 Support for hls consullancy thBrg• lo tho Ch8rity. Chrl•tma• •pp••l fund.. An appe81 w88 made to cover the co81¥ of vl$ltiny orphanag•¥. $chool$ and hosp+la15 wtth g1ft8 for chlldron. Trn¥ Co•ts'. A fvnd to met the travel costs of tru8teeB att8ndlng a govarnance course. 12 Unr••trlct•d lund• At 1 October 2023 Ineomlng resourc Re•ource8 expend•d Tran¥f•r• At30 S•pt•mb•r 2024 Sumy Revival Centrè Blble College General lund8 85,0 10,000 210,384 85,000 42,000 215,803 32,CQO {32,0301 1,777 199,3081 305.364 138,777 199,3081 1301 342.803 12-
HOPE LEBEDYN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 12 Unr•strlct•d fund8 IContlnu•dl Previou• P•vlod: At 1 October 2022 Incornlng re•ourc•s R•sDur¢ •xp•nd•d Tran8lern At30 Sep1•mr 2023 Sumy Revival Contr• Blble College General lund8 85,t>JO 10,000 23g,333 85,000 10,000 210,384 128.9691 334.333 128,9691 305,384 The monoy put a81d8 to Sumy Revlval Centre and the èlblo Coll•98 can be allocated for other purposes In th• Se of •merganry needs. 13 Analy•l• of not a••ots b•tw••n lund• Unmtrlcted fvnd• 2024 Ro•trl¢t•d lund• 2024 Tot•1 2024 At 30 8•pt•mb•r 2024: Cvrrenl a83el811118billll&sl 342,803 11,000 353,803 342,803 11,000 353,803 Unr••trlct•d lund• 2023 Rtrfctsd fund• Z023 Total 2023 At 30 Septsmber 2023: Current a88etsllllabi1f(JI 305,364 22,998 328,382 22,998 326,362 14 Related p•rty tr•n•o¢tlon6 There were no dlsdosable related party tran$gfthons dudng the year12023- none). 13-