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2024-08-31-accounts

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

Registered number: 14124943 Charity number: 1203839

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 18
Independent auditors' report on the financial statements 19 - 22
Statement of financial activities 23
Balance sheet 24 - 25
Statement of cash flows 26
Notes to the financial statements 27 - 43

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024

Trustees T K Barnes
I Hryhorovych
M Koval
N Vorokhib
O Novytska
Company registered
number
14124943
Charity registered
number
1203839
Registered office
154 Holland Park Avenue
London
W11 4UH
Company secretary
Orysya Novytska
Chief executive officer
Inna Hryhorovych
Independent auditors
MWS
Chartered Accountants
Registered Auditor
4 Chester Court
Chester Hall Lane
Basildon
Essex
SS14 3WR
Bankers
Metro Bank Plc
1 Southampton Row
London
WC1B 5HA

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Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2024

The Trustees present their annual report together with the audited financial statements of the Company for the year 1 September 2023 to 31 August 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

The full annual report can be found on the Charity Commission.

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Docusign EnvelopÈ ID". 0610224A-1E83455E-98D3-801345FA93AB UKRAINIAN ST MARY'S TRUST LIMITED IA company limited by guarantee) "WITHOUT ST. MAR Y'S UKRAINIAN SCHOOL, MY LIFE WOULD BE SO SAD." UK￿N[AN ST MARY'STRUST Tetiuna and her daughter Olha wero forced to flee theiTr home in Kharkiv, where they lost relatives and friends to the conflict in Ukraine. They arrffved in the UK in search of a second chance. Then they found St. Mory's. who welcomed them into their communitytr where Tetianu now works as an Education Support Worker, and Olha attends as a student. Every week, Olha looks ft>rward to Saturday when she cun come to st. Mory's and spend time with her best friends. Ix. GAI "For children who have105t so much, thi5 School is more than an institution-it's a sanctuary of dreams and healing" OUR MISSION STATEMENT At the Ukrainian St Mary's Trust, our mission is to touch the hearts of displaced Ukrainian children and theirfamilies, offering them the comprehensive and compassionate sUPPOrt they need to heal and rebuild their live5. 195,000 HOURS OF PROVISION DELIVERED IN THE ACADEMIC YEAR 2023-2024 We are dedicated to creating a nurturing and culturally sensitive environment where every child can find hope, resilience, and the strength to dream again. We address the educational, emotional, and psychological needs of these children through expert trauma support and holistic care, ensuring they receive timely and effective assistance. WITH SUPPORT FROM OUR PARTNERS. WE'VE HELPED UKRAINIAN CHILDREN. AND THEIR FAMILIES DREAM AGAIN BY: PFIOVIDING A HEALING AND LEARNING ENVIRONMENT HELPING THEM INTEGFIATE INTO THEIR NEW LIVES INTHE UK Our work is built on trust, collaboration. and community, fostering strong bonds that help children and families overcome adversity and thrive in their new surroundings. HELPING THEM STAY CONNELTEDTO THEIFI CONIMUNITY AND CULTURAL ROOTS PROVIDINC TRAUMA SUPPOFIT

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Objectives and Activities

Policies and objectives

The charity's objects are specifically restricted to the following:

1) to advance education for the public benefit in the language, culture and heritage of ukraine by providing ukrainian language classes and organising activities and events to educate and engage the public in the history, culture and traditions of ukraine.

2) to relieve the needs of people who have been displaced by war in ukraine and granted refugee status in the uk, particularly through the provision of signposting services, advice and support and through the provision of facilities in the interests of social welfare for recreation or other leisure time occupation with the object of improving the conditions of life of such persons who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social circumstances.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

We are dedicated to creating a nurturing and culturally sensitive environment where every child can find hope, resilience, and the strength to dream again. We address the educational, emotional, and psychological needs of these children through expert trauma support and holistic care, ensuring they receive timely and effective assistance. Our work is built on trust, collaboration, and community, fostering strong bonds that help children and families overcome adversity and thrive in their new surroundings.

Providing the support these displaced children need within the first 6 months of them arriving in the UK is vital. Being welcomed into the St Mary’s community and being given the support they need to recover from the trauma they have experienced and adjust to their new reality can ensure these children’s experiences do not become deep rooted and manifest in conditions such as PTSD and negatively affect future pathways.

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Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Strategies for achieving objectives and main activities undertaken to further the Company's purposes for the public benefit

By June 2022, Ukrainian families who entered UK under Homes4Ukraine and Family schemes were spread around the country. Their children were placed in schools who had built up expertise in supporting new arrivals, and in those who were completely new to this experience. The families felt lost, confused and traumatised; the schools needed support. If in 2022-23 St. Mary’s Ukrainian school/Ukrainian St Mary’s Trust has welcomed a total of 950 children, throughout 2023-24, this number has grown to 2283 students across our projects.

To accommodate the growing number of students, the school has expanded rapidly and in 2023-24 was operating from 11 different settings, which include 5 school locations in London and Satellite St Mary's Ukrainian schools in Woking, Tunbridge Wells (Kent), Richmond, Kingston, Amersham and Glasgow. Staffing has increased significantly and today we have a great team of educational professionals with 85% of the new staff recruited being displaced teachers from Ukraine.

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Docusign EnvelopÈ ID". 0610224A-1E83455E-98D3-801345FA93AB UKRAINIAN ST MARY'S TRUST LIMITED IA company limited by guarantee) Education Support Workers Project (ESW) Distinctive Framework of the Education Support Project and Teaching Recovery Techniques Initiative "Our mission is not just to remember the past, but to build a future where every child has the chance to flourish" MOTIVATION BEHIND ITS CREATION I INTRODUCTION 2AIM 3 VISION The Education Support Aimed at creating a Provide not only Project was initiated in Supportive bridge academic Support response to the urgent needs between these children, but also emotional of displaced Ukrainian their families, and the and psychological children following the English school system, healingfor outbreak of war in February ensuring emotional and children affected 2022 educational integration. by trauma. The Education Support Prcject and Teaching Recovery Techniques Initiative is a comprehensive program uniquely designed by the Trust to address the unique challenges faced by displaced Ukrainian children in the English school System. This framework combines academic support with emotional and psychological healing, creating a supportive bridge for children and families affected by the war in Ukraine and is carried out in partnership with Centre of Anxiety, Stress and Trauma ICASTI. In April 2023, St Mary's Ukrainian School Limited launched a bi-lingual Education Support Workers project which enabled support for Ukrainian displaced children in mainstream schools Tuesday-Fridays for the period of12 months. In total, with the funding available we were able to embed 25 full-time Education Support Workers providing support 5 days a week for almost 1000 displaced Ukrainian children in mainstream schools in Kensington and Chelsea, Westminster, Richmond, Kingston, Hillingdon and Hounslow. Our ESWS provide a link between a Ukrainian child, the school and the family, lead on liaison between schools, families and the local authority, ensuring that misunderstandings are challenged, cultural issues are explained and the besf options for the child are explored. This"bridging" and intercultural work is demonstrated to be strategically important. Such support helps relieve parents, stress and tension, supports the work schools are already doing in engaging with the child and their parents and ensures better understanding and communication. Understanding patterns of forced migration is vital to this work around complexity, particularly for children with special educational needs. We hope that schools can use ESWS effectively to build trust with the family. get all the jigsaw pieces fit together, and educational strategies and support can be put in place. ESW aim to visit schools regularly on a weekly basis on a convenient for the school day of the week. They a150 sign-post to Early Help and Ukraine Response Team if families need external support.

Docusign EnvelopÈ ID". 0610224A-1E83455E-98D3-801345FA93AB UKRAINIAN ST MARY'S TRUST LIMITED IA company limited by guarantee) ART THERAPHY THE OBJECTIVES OF ST MARVS ESW PROJECT INCLUDED: I ADAPTATION SUPPORT Thank you very much for your work, it is a great contribution and support for us and our Children. Since you started working with my child, she h45 been attending School with great pleasure. She ha5 become rnore open and ha5 learned a lots friend. Thank you and your team and I hope that you will continue to support our children See you in Septemberl St Mar￿5 staff aimed to facilitate the adaptation of these children to their new environment in the UK. RISK ASSESSMENT Identifying children and parents at risk of mental health problem5, suicidal or other harmful behaviours. These individuals typically includ& those who have lost family members and homes, witnessed traumatic events and fled the war under challenging circumstances. Lubov Vo¢ylyk mother ofsofiu V., Ancstosiu V. and Mykhoilo V., The Kingston Acaderny THE PROJECT INCLUDESA RANGE OF ACTIVITIES AND INTERVENTIONS: St. Mary's Ukrainian School remains steadfast in its commitment to making a positive impact on the lives of those we seNe and to contribute to the well-being of our community. As a registered charity, we Ljphold the highest standards of accountability, transparency, and ethical practice in our efforts to fulfill our mission. TAILORED EDUCATIONAL SUPPORT Our team collaborat&s with mainstream schools to develop and deliver educational programs that address the unique need5 of displaced Ukrainian children, ensuring th&y receive a quality education. EMOTIONAL AND SOCIAL WELLBEING We provide resources and counseling to suppori the emotional and social wellbeing of these children, helping them adapt to their new environment and build resiliènce. By recognising trauma faced by displaced children, the ESW program facilitators can identify and comprehend behavioural and educational challenges. Having similar lived-in experience and embracing a holistic approach, they consider life experiences, cultural background, and educational requirements. Collaboration with mental health services, NHS boards, local authorities, and psychologists ensures targeted support for children with complex needs. COMMUNif( INTEGRATION We work towards integrating displaced children into the broader community, fostering understanding and acceptance among their peers. ST MARWS ESW PROJECT LOCATIONS oyal Borough of Kensington and Chelsea Kingston Hillingdon City of Westminster Richmond Hounslow

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Achievements and performance

With 11 locations across London and beyond, the Trust supported around 2300 displaced children in 2023-24 through programs such as trauma recovery therapy, youth programs, GCSE tutoring, enrichment activities, and mental health support. Seven decades may have passed, but our values and mission remain steadfast. From its earliest days, St Mary’s Ukrainian School has been at the heart of the Ukrainian community in the UK, preserving language, culture, and identity for generations. St Mary’s Ukrainian School has always been intrinsically linked to AUGB and remains part of its wider community, upholding the shared mission of preserving Ukrainian identity and culture in the UK.

The annual final certification of all students in June 2024 showed excellent results and summed up the fruitful work of all participants in the educational process! The9th grade students tried very hard in their exam in the History of Ukraine! The results were impressive – one of the best ones in the last 5 years. We are also proud of our graduates of 2024, who diligently prepared for all the Association of Ukrainian Teachers school leavers’ exams and represented the school well by passing the Ukrainian language exam invigilated by the School of Ukrainian Language at UCU (Ukrainian Catholic University). The examiner was particularly impressed by their level of speaking skills and proficiency of expressing their thoughts.

Some of these children (the diaspora ones) have been with the school for all 13 years! Dream, aspire, strive and achieve, but never forget your roots, support Ukraine and remember that at St Mary’s Ukrainian School you are always expected and loved– these are the messages we continue to reinforce with our students, who must restructure confidence, self-belief and trust from scratch. Ukrainian St Mary’s Trust has become the shelter and safe place for these children and families helping them to recover from loss and other traumatic experiences and reconnect with their peers who share the same language, culture and Ukrainian heritage. The successful outcomes were achieved thanks to the hard work and 24/7 provision by the team.

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Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Financial Review

Financial Review and Key Performance Indicators

2024 2023 (revised)
Total Reserves £599,271 £367,835
Restricted funds £242,980 £230,582
Unrestricted funds £356,291 £137,253
In year surplus £231,615 £367,834

Going Goncern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Principal Risks and Uncertainties

At Ukrainian St Mary’s Trust, risk management principles are embedded in everything we do – from how we set strategic priorities to how we deliver successful initiatives with children and families. Our approach is to take informed risks while being clear about the need to protect people and assets andensuring we comply with relevant legal and regulatory frameworks. The Board of Trustees, supported by our Executive Leadership Team, identifies the principal risks thathave the potential to jeopardise achievement of our strategic goals. The management of these risks is monitored regularl ythroughout the year in relation to the Board’s risk appetite.Members of the Executive Leadership Team are accountable to the Board for managing the principal

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Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

risks. Having in place a sound system of internal control equips us to be agile and responsive to changing threats and priorities. The Board ofTrustees regularly monitors and scrutinises information about the effectiveness of key risk controls.

The uncertainty around situation in Ukraine and continuous growth of risk to return home for those Ukrainians displaced to UK, meant the short-term temporary stay in UK turned into a longer one with no indications of the end date. For our organisation it meant that from a short-term response strategy, the new circumstances drove up the need for our long-term support and presented a challenging operating environment. While opening new locations, launching and scaling up our programs to respond to the needs, we had to ensure we sustain all the previous ones as well. We have continued to monitor the effects of economic turbulence on our own finances, kept our expenditure under close control and increased our fundraising activities.

Plans for future periods

With the displacement of over 27,000 Ukrainian children across the UK, many of whom are experiencing severe trauma due to the ongoing war, the establishment of a Ukrainian GCSE Centre and a Trauma Recovery Centre within the school will provide essential services to support these children.

THE BROADER IMPACT ON COMMUNITY AND FUTURE GENERATIONS

Ukrainian St Mary’s Trust’s projects offer a long-term solution that goes beyond education. By providing trauma recovery and bilingual education, the project supports displaced children in their healing, academic success, and future leadership potential. Moreover, by keeping them connected to both Ukrainian and British education systems, St Mary’s is helping secure the human resources necessary for Ukraine’s eventual recovery. St Mary’s work is not just an investment in displaced children today—it is an investment in the future of Ukraine. With evidence-based approaches to trauma recovery and a bilingual program that fosters resilience, the UK government will help these displaced children become the foundation of Ukraine’s future, ensuring they are ready to rebuild their nation when the time comes.

ADDRESSING TRAUMA RECOVERY AND MENTAL HEALTH

The war in Ukraine has inflicted deep psychological wounds on displaced children, many of whom have lost family members, witnessed destruction, or experienced ongoing conflict. This has resulted in widespread trauma, with children exhibiting symptoms of post-traumatic stress disorder (PTSD), anxiety, and depression. Ukrainian St Mary’s Trust has been an invaluable resource for addressing the needs of this cohort of children as well as those in the local community impacted by other trauma. Collaborating with local mental health services, including the Centre for Anxiety, Stress, and Trauma, the trust has been offering tailored support to help children heal. Furthermore, St Mary’s serves as a model for good practice, sharing insights and strategies for trauma recovery with local authorities such as RBKC, the Department for Education, the Children's Commissioner, and the Department for Levelling Up, Housing, and Communities. By doing so, Ukrainian St Mary’s Trust contributes to systemic changes that improve the mental health and integration processes for refugee children across the UK, fostering a positive societal impact.

ESTABLISHING A UKRAINIAN GCSE CENTRE: ENSURING EDUCATIONAL CONTINUITY

Ukrainian St Mary’s Trust has been a leading advocate and think tank for the establishment of Ukrainian GCSE. With 27,000 displaced Ukrainian children in the UK and an additional 7,000 from the diaspora, ensuring access to Ukrainian language education is vital. The establishment of a Ukrainian GCSE Centre will allow children to take Ukrainian GCSE and A-level exams, maintaining their proficiency in their native language and ensuring continuity in their education. Preserving Ukrainian language skills is crucial for displaced children who may eventually return to Ukraine, particularly as many families plan to reunite when circumstances permit. A strong foundation in the Ukrainian language will facilitate their transition back into the Ukrainian education system, support their aspirations for higher education, and contribute to the long-term reconstruction of Ukraine. Furthermore, access to Ukrainian GCSE exams will enable these children to maintain a connection to their cultural heritage while integrating into the UK’s education system. By proactively addressing trauma-related challenges and educational disruptions, the UK can significantly improve the emotional and academic outcomes of displaced Ukrainian children. A comprehensive support system will empower these children to rebuild their lives, fostering resilience and hope for their futures.

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Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Structure, governance, and management

Ukrainian St Mary's Trust is registered as a charitable company limited by guarantee and was set up by Memorandum of Association.

The charity is governed by a Board of Trustees (directors), which retains overall responsibility for governance, strategy, compliance, and operations (Article 31). Specific powers may be delegated to committees or individuals (Article 46), but such actions must be reported to the full board. Decisions require a quorum of at least 3 trustees or one-third of the total board (whichever is greater) as set out in Article 42. Meetings are held regularly, and

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Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

decisions are made collectively, with conflict-of-interest provisions observed (Article 8).

The organisation operates under hybrid structure of management (with elements of vertical and horizontal management) where communication is organized cross-functionally in accordance with the team’s duties and responsibilities to promote collaboration and knowledge sharing but having clear reporting lines and responsibilities defined to ensure accountability.

Methods of appointment or election of Trustees

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

In accordance with Articles 34–38 of the Articles of Association, trustees may be appointed either:

In accordance with Article 35, any new trustee not retiring by rotation must be proposed in writing by a member prior to the meeting, and their appointment must be approved by an ordinary resolution at the general meeting. The charity maintains between 5 and 11 trustees (Article 28). All appointments are made in line with the best interests of the charity and based on skills and experience required by the board at the time.

Policies and procedures for induction and training of trustees

Trustees are provided with an induction pack that includes:

The trustees have regular trustee/governor CPD through the resources available through our National College subscription, which include new and refresher training in Effective Governance, Safeguarding, Health and Safety, Diversity and SEN in school settings. Training needs are reviewed annually, and trustees are encouraged to participate in sector-relevant workshops and seminars to ensure ongoing compliance and good governance.

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Docusign EnvelopÈ ID". 0610224A-1E83455E-98D3-801345FA93AB UKRAINIAN ST MARY'S TRUST LIMITED IA company limited by guarantee) PARTNERSHIPS fr4 UKRAINIAN ST. MARY'S TRUST INVOLVEMENT WITH RBKC AND CHARITIES Ukrainian St. Mary's Trustl St Mary's Ukrainian School has formed a robust network of partnerships with the Royal Borough of Kensington and Chelsea IR6KCI organisations and charities to addres5 the challenges faced by displaced Ukrainian families, particularly focusing on children and young people. These colLaborations are essential for f05tering community integration¥ promoting education, combating social Isolation, and improving the rnental health of vulnerable individual5. BELOW IS A STRUCTURED OVERVIEW OF THE TRUST'S KEY PARTNERSHIPS AND CONTRIBUTIONS: l. Partnership with RBKC and Local Charities( young people activities) 2. Health and Well-Being Initiatives Together with Change 4 Life, the Trust supports local Ukrainian children and other residents of R8KC to maintain healthy lifestyles. These program5 help children learn, play, and thrive in the communities where they now live. The collaboration between CAST (Centre for Anxiety, Stress, and Trauma) and Ukrainian St. Mary's Trust has been instrumental in providing trauma recovery support to displaced Ukrainian children. This partnership, with it5 proven success, will now be extended to the St. Sophia Bilingual Mainstream School project. By integrating CAST'S trauma-informed care into St. Sophia, children affected by war and displacement will receive tailored emotional and psychological support, including group therapy, play therapy, and individual counselling. CAST'S expertise, developed through its work with Grenfell Tower survivors, will be implemented in St. Sophia to offer effective trauma recovery programs. This cooperation ensures that both educators and mental health professionals work in unison to address the children's needs, creating a safe, healing environment. Together. CAST and St. Sophia will foster resilience and emotional recovery, setting a benchmark for trauma support that can benefit the wider community and serve as a model for future projects. Ukrainian St. Mary's Trust works closely with RBKC and local organisations such as Young K&C to tackle pressing social Issues like loneliness, isolation, and youth empowerment. These joint efforts target Ukrainian children and families, focusing on holiday provision. enrichment activities, and preventative measures such as addressing eating disorders among young children. The Trust also plays an active role in projects aimed at reducing violence and preventing radicalisation among displaced Ukrainian children, promoting cultural heritage and identity while closing the gaps in youth development and education. Education and Supplementary School Support Through a partnership with WestwayTrust and the Supplementary School Network, Ukrainian St. Mary's Trust helps raise standa rds of teaching, learrling, a nd management in supplementary 5choo15 acros5 RBKC. The National Supplementary School Fie50urce Centre, under the Young People's Foundation IYPFI, facilitates collaboration and the exchange of ideas to enhance education for displaced children. The goal is to raise the profile of su pplementa ry schools, ensuring that children from displaced backgrounds can reach their full potential. .11

Docusign EnvelopÈ ID". 0610224A-1E83455E-98D3-801345FA93AB UKRAINIAN ST MARY'S TRUST LIMITED IA company limited by guarantee) 4. Empowerlng Young People through Education 5. Food Securlty and Basic Needs The Felix Project has united efforts with Ukrainian St. Mary's Trust to support families struggling to afford basic necessities. By organising food banks and providing hot meals, particularly for displaced Ukrainian families in RBKC, this partnership addresses one of the most immediate needs of the commurnity ensuring that no child or family goes hungry. The Trust's partnership with John Lyons Charity focuses on empowering children with special educational needs ISENI and disabilities. Together, we work to transform the lives of children and young people by creating opportunities to learn, grow, and develop. This collaboration provides Ukrainian children in RBKC, particularly those with SEN, with tailored support, enhancing their academic performance and social interactions. 6. Community and Cultural Integration 7.Training opportunities for other professionals in the field The Trusi works with various cultural and educational institutions to promote integration through creativity and community engagement.. Through the Tri-BoroLJgh Music HLJb, the Trust promotes trauma awareness and healing by involving displaced Ukrainian children in local choir performances. Music teachers within the hub are also trained to recognize trauma and support affected children through two awareness sessions, ensuring a holistic approach to the children's well-being. HTB Church (Queens Gate)". English language confidence- building sessions for displaced Ukrainians. Morley College.. Sessions for parents and children focusing on career paths and available courses. 8. Collaboration with mainstream Schools in RBKC The Educational Support Worker IESWI project of Ukrainian St. Mary's Trust plays 3 crucial role in helping Ukrainian children integrate into mainstream schools across RBKC. Working closely with headteachers inclusion leads, and Designated Safeguarding Leads IDSLsl, the project supports 48 primary and secondary schools in RBKC, assisting 75 primary and 45 secondary Ukrainian children since May 2022. Royal CoLJrt Theatre.. Warm spaces for autumn and wir)ter seasons. offering access to English art, embroidery lessons, parent-toddler activities, and legal advice for displaced Ukrainians. St. John's Notting H ill Chur¢h-. Collaborative concerts featuring performances by Ukrainian artists, promoting cultural exchange and community engagement. Friends of Holland Park.. Nature excursions and conservation activities to raise awareness of historic heritage and environmental preservation among young people. Design Museum.. Creative workshops that inspire children and encourage artistic expression. 9. Local Council A support and collaboration with local FIBCK and Westminster council throLJgh joint projects such as.. participation in "A day in your life Photography workshop with Alison Jackson and Design Museum. This was a Photography project" organised with the support of'young K8C"where many participated students won an award in different categories. Visit to the'wicked" the musical. "City Lion Charity (Westminster Council) Christmas Gala Participation in Youth Council committee 10. Rhino Stationary company provided large number of Exercise book for all students of Cardinal Vaughan Location. .1*I￿L

Docusign EnvelopÈ ID". 0610224A-1E83455E-98D3-801345FA93AB UKRAINIAN ST MARY'S TRUST LIMITED IA company limited by guarantee) 11. St. Paul's School 12. Local police St. Mary's Ukrainian School has forged close links with St. Paul's School in helping to support displaced Ukrainian stLJdents with their homework, English lessons and settling in their new schools. St. Paul's School offered an exciting new opportunity for our current pupils to support displaced Ukrainian children currently living in London through remote academic peer mentoring on the Colet Mentoring App. Colet Mentoring is a mobile app enabling students to communicate with messages and images on a supeNised platform. Mentees lin this case Ukrainian students) will submit a picture of a homework question that they are stuck on, and then trained student mentors (students from St. Paul's) will reply, helping them to understand. The nature of the platform having communication between students requires safeguarding procedures, and as such Colet Mentoring has three lines of checks to ensure the safety of both its mentors and mentees. Apart from Colet Mentoring service, all Saturdays St. Paul's Students help Ukrainian students to practise their English through different conversations and games. They also prepare all the resources needed for the lessons and actively engage in the classroom. A series of visits and talks on personal safety were organised with local Met police officers from Neighbourhood Policing team. Participation in discussions ofYear7, 8, 9 of Temporary Displace Students to deliver better understanding of British values, Law and ConseqLJences of breaking the Law in Great Britain. Connections established for future visits targeting Q&A Sessions. 13. Ukrainian Catholic Cathedral of the Holy Family Ukrainian Catholic Cathedral of the Holy Family supported St. Mary's by offering an Opening Communal prayer at the start of the Academic year, Communal Prayer to commemorate Second Anniversary of War in Ukraine, regular visits and discussions with priest as a part of Academic Curriculum. We also supported the Church in organizing Spring Camp"Holiday with God" 14 AUGB experience talks l& Shevchenko's Library and Archives To strengthen relationships with Ukrainian Diaspora and introduce a formation, history, past and present challenges of Ukrainians in Great Britain a series of inspirational talks were introduced. Hence, M r. Vlodko Pawluk, a Head ofAUG8 London brunch discussed live of Ukrainian s in GB. immigration after WWII, and everyday challengesto preserve Ukrainian identity with Year 9 and 10. A serious of visits of our pupils this academic year to the Shevchenko's Library and Archives enable pupils to re- discover our Ukrainian Heritage and get familiar with all the treasures that Library holds. Thanks to Dr. Lyudmila Pekarska (Library Curator) and lryna Donenko (Cultural Lead) a series of visits was organised.. Lesya Ukrainka themed with year 8 in February, Holodomor teamed with year 9 in November, Shevchenkos's day with Year 7 i n March. 15. EBRD A working relationship established with Ukrainians working for EBRD through on-line motivatior)al talks organised sessions, and children's visit to the Headquarters of E8RD in August 2024. By uniting efforts with local charities educational institutions, and council services Ukrainian st. Marvs Trust plays a pivotal role in safeguarding childrenp preventing radicalisation, and inspiring positive development. The Trust's partnerships ensure that displaced families in RBKC are fed. 5UPPOrted. and connected to career pathways Thi5 holistic approach not only enrichès the lives of Ukrainian families but also contributes to the broader RBKC community.

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Fundraising

We comply with all relevant statutes and regulations, including the Charities Act 2011, the Charities (Protection and Social Investment) Act 2016, the Data Protection Act 2018 and the Privacy and Electronic Communications Regulations 2003. We strive for best practice in fundraising by complying with a range of codes of practice and standards.

All activities are aligned with our charitable purposes, and transparency is maintained in public communications and reporting.

We are committed to making decisions that are in the best interests of the charity and, ultimately, children. We ensure that we do not compromise our mission and values when it comes to raising income and that we make decisions on whether or not to accept donations in view of relevant Charity Commission guidance.

We have continued to ensure that supporters and members of the public are afforded the highest levels of support, respect and protection. Guidance for fundraisers on treating our supporters fairly, including protecting supporters in vulnerable circumstances, is followed across all our fundraising activities.

Arrangements for setting pay and remuneration of key management personnel

Remuneration is governed by Articles 6 and 7 of the Articles of Association. Trustees serve on a voluntary basis and may not receive payment unless explicitly authorised in accordance with the Charities Act 2011 and Article 7.

Key management personnel may be employed under Article 5.9, with salaries benchmarked against sector standards and reviewed by the Board of Trustees. Any remuneration is set to ensure reasonableness and compliance with charity law. Where a conflict of interest exists, the relevant individual is excluded from decisionmaking in line with Article 8.

Page 16

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Our Approach to Pay to Core Team

We are committed to being a kind, agile and inclusive organisation so that we can be the best version of ourselves to deliver for and with children. Securing the right people is key to delivering our strategy. One of the ways we do this is by paying our colleagues a fair salary that is competitive within the charity sector, proportionate to the complexity and responsibilities of each role, and in line with our charitable objectives. We pay all colleagues a living wage of at least £13.85 per hour in London and £12.21 per hour in the rest of the UK. This year some of the trustees and HR team attended specific recruitment training about fair and bias-free recruitment practices as well as encouraging colleagues to update equality and monitoring information.

Members' liability

The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up.

Reserves

At the 31st August 2024, the total of the charity's reserves were £599,271 (2023 revised: £367,835), of which £242,980 is restricted (2023 revised: 230,582) and £356,291 is unrestricted (2023 revised: £137,253). Of unrestricted funding, £39,010 (2023: £47,686) related to fixed assets and is not available for spending.

The Trustees monitor the reserves of the charity. This process considers the nature of all income and expenditure streams, commitments, and the nature of the reserves. The Trustees have examined the minimum requirements for free reserves which are unrestricted funds not invested in fixed assets or otherwise committed. The charit yintends to hold, as a minimum, a Reserve Fund equal to the sum required to run down, in a planned way, all projects over a period of three months considering monies still incoming. Currently the charity meets this aim.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company 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 statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements 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.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Page 17

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

unaware, and

Auditors

The auditors, MWS, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustee on 22 May 2025 and signed on their behalf by:

N Vorokhib

Trustee

Page 18

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UKRAINIAN ST MARY'S TRUST LIMITED

Opinion

We have audited the financial statements of Ukrainian St Mary's Trust Limited (the 'charitable company') for the year ended 31 August 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 19

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UKRAINIAN ST MARY'S TRUST LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 20

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UKRAINIAN ST MARY'S TRUST LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the industry in which it operates. We determined that the following laws and regulations were most significant: the Companies Act 2006, Safeguarding (including statutory guidance Keeping Children Safe in Education), employment law and public sector pay and conditions. We enquired of management to obtain an understanding of how the Charity is complying with those legal and regulatory frameworks and whether they had any knowledge of actual or suspected fraud. We corroborated the results of our enquiries through our review of the board minutes for the year. We did not identify any matters relating to material non compliance with laws and regulation or matters in relation to fraud; as non-material breaches would not normally be communicated within this report.

We obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making inquiries of management and those responsible for legal and compliance procedures;

In assessing the potential risks of material misstatement, we obtained an understanding of the Company’s operations, including its objectives and strategies to understand the expected financial statement disclosures and business risks that may result in risks of material misstatement;

In assessing the appropriateness of the collective competence and capabilities of the engagement team, the engagement partner considered the engagement team’s:

understanding of, and practical experience with, audit engagements of a similar nature and complexity through appropriate training and participation the specialist skills required and knowledge of the industry in which the client operates.

We assessed the susceptibility of the Company’s financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

We assessed the susceptibility of the Company’s financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.

This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of

Page 21

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UKRAINIAN ST MARY'S TRUST LIMITED (CONTINUED)

noncompliance.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Gorridge FCA MWS

Chartered Accountants Registered Auditor

4 Chester Court

Chester Hall Lane

Basildon

Essex

SS14 3WR

23/05/2025 Date:

MWS are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 22

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net (expenditure)/income
Transfers between funds
17
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
542
373,350
46,500
19,476
439,868
485,025
485,025
(45,157)
264,374
219,217
137,253
219,217
356,470		 Restricted
funds
2024
£
(1,000)
1,648,913
-
-
1,647,913
1,371,141
1,371,141
276,772
(264,374)
12,398
230,582
12,398
242,980		 Total
funds
2024
£
(458)
2,022,263
46,500
19,476
2,087,781
1,856,166
1,856,166
231,615
-
231,615
367,835
231,615
599,450		 As restated
Total
funds
2023
£
93,743
1,122,104
1,686
-
1,217,533
849,699
849,699
367,834
-
367,834
1
367,834
367,835

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 27 to 43 form part of these financial statements.

Page 23

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED (A company limited by guarantee) REGISTERED NUMBER: 14124943

BALANCE SHEET AS AT 31 AUGUST 2024

Note
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
17
Unrestricted funds
17
Total funds		 139,500
685,481
824,981
(264,540)		 2024
£
39,010
39,010
560,441
599,451
599,451
599,451
242,980
356,471
599,451		 29,452
469,140
498,592
(178,443)		 As restated
2023
£
47,686
47,686
320,149
367,835
367,835
367,835
230,582
137,253
367,835

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.

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

However, an audit is required in accordance with section 144 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 22 May 2025 and signed on their behalf by: Nadia Vorokhib

Page 24

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee) REGISTERED NUMBER: 14124943

BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2024

N Vorokhib

Trustee

The notes on pages 27 to 43 form part of these financial statements.

Page 25

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Net cash provided by/(used in) investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 27 to 43 form part of these financial statements		 2024
£
209,472
19,476
(12,607)
6,869
-
216,341
469,140
685,481		 As restated
2023
£
540,690
-
(71,550)
(71,550)
-
469,140
-
469,140

Page 26

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

1. General information

The charity is a company limited by guarantee and registered in England & Wales. Its registered office is 154 Holland Park, London, W11 4UH.

2. Accounting policies

2.1 Basis of preparation of financial statements

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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Ukrainian St Mary's Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

Page 27

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

2. Accounting policies (continued)

2.2 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Company's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Volunteers provide the charity with assistance with activities, such as summer camp, or IT support.

Page 28

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

2. Accounting policies (continued)

2.2 Income (continued)

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Motor vehicles - 25% reducing balance
Office equipment - 3 years straight line
Computer equipment - 3 years straight line
Other fixed assets - 3 years straight line

Page 29

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

2. Accounting policies (continued)

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.10 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 30

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

3. Income from donations and legacies

Unrestricted
funds
2024
£
Donations
542
Unrestricted
funds
2023
£
Donations
91,743
4.
Income from charitable activities
Unrestricted
funds
2024
£
Income from charitable activities - Education
373,350
During the year government grants totalled £595,640 (2023: £253,191).
Unrestricted
funds
2023
£
Income from charitable activities - Education
193,846		 Restricted
funds
2024
£
(1,000)
Restricted
funds
2023
£
2,000
Restricted
funds
2024
£
1,648,913
Restricted
funds
2023
£
928,258		 Total
funds
2024
£
(458)
As restated
Total
funds
2023
£
93,743
Total
funds
2024
£
2,022,263
As restated
Total
funds
2023
£
1,122,104

Page 31

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

5. Income from other trading activities

Income from fundraising events

Unrestricted
funds
2024
£
PTA
2,805
Trip income
43,695
46,500
6.
Investment income
Unrestricted
funds
2024
£
Investment income
19,476
7.
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2024
£
Education
485,025
Unrestricted
funds
2023
£
Education
695,764		 Total
funds
2024
£
2,805
43,695
46,500
Total
funds
2024
£
19,476
Restricted
funds
2024
£
1,371,141
Restricted
funds
2023
£
153,935		 As restated
Total
funds
2023
£
1,686
-
1,686
Total
funds
2023
£
-
Total
2024
£
1,856,166
Total
2023
£
849,699

Page 32

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

8. Analysis of expenditure by activities

Education
Education
Analysis of direct costs		 Activities
undertaken
directly
2024
£
1,356,568
As restated
Activities
undertaken
directly
2023
£
623,972		 Support
costs
2024
£
499,598
As restated
Support
costs
2023
£
225,726		 Total
funds
2024
£
1,856,166
As restated
Total
funds
2023
£
849,698
Staff costs
Administration and support staff
Other staff costs
Educational resources
Other direct costs
Motor and travel
Catering
ICT costs
Study tour		 Education
2024
£
1,135,359
29,352
22,826
60,228
77,094
24,484
7,225
-
-
1,356,568		 Total
funds
2024
£
1,135,359
29,352
22,826
60,228
77,094
24,484
7,225
-
-
1,356,568		 As restated
Total
funds
2023
£
449,153
16,462
5,531
8,038
85,630
4,638
41,193
46
13,281
623,972

Page 33

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Education
2024
£
Staff costs
269,364
Depreciation
21,282
Repairs and maintenance
22,845
Utilities
3,071
Rent and rates
76,107
Legal and professional fees
13,448
Audit and accounts fees
6,926
Other support costs
25,720
Advertising
10,795
Motor and travel
9,758
Catering
30,408
ICT costs
2,585
Bank charges
4,401
Subscriptions
2,888
499,598
9.
Auditors' remuneration
Fees payable to the Company's auditor for the audit of the Company's
annual accounts
Fees payable to the Company's auditor in respect of:
All non-audit services not included above		 Total
funds
2024
£
269,364
21,282
22,845
3,071
76,107
13,448
6,926
25,720
10,795
9,758
30,408
2,585
4,401
2,888
499,598
2024
£
2,150
3,000		 As restated
Total
funds
2023
£
114,399
23,864
14,353
2,319
9,795
7,465
1,950
27,597
816
9,772
6,842
3,434
1,076
2,044
225,726
2023
£
1,950
-

Page 34

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

10. Staff costs

Wages and salaries
Contribution to defined contribution pension schemes		 2024
£
1,404,723
-
1,404,723		 As restated
2023
£
563,716
(164)
563,552

Of the above, salary costs can be split between:

Employee gross pay £744,826
National insurance £62,434
Pension contributions £12,525
External contractor pay £548,938

The average number of persons employed by the Company during the year was as follows:

2024 2023
No. No.
Employees 28 5

No employee received remuneration amounting to more than £60,000 in either year.

Employee benefits received by key management personnel in the year were a total of £34,843 (2023: £24,715) , of which £34,010 (£24,284) was gross pay and £833 (£432) was employer's pension. The remaining key management personnel are independent contractors.

11. Trustees' remuneration and expenses

During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Company. The trustee was employed in a role separate to that of her responsibilities as a trustee. The value of Trustees' remuneration and other benefits was as follows:

2024 2023
£ £
O Novytska Remuneration 39,000 16,250

During the year ended 31 August 2024, no Trustee expenses have been incurred (2023 - £NIL) .

Page 35

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

12. Tangible fixed assets

Motor
vehicles
£
Cost or valuation
At 1 September 2023
25,000
Additions
-
At 31 August 2024
25,000
Depreciation
At 1 September 2023
8,125
Charge for the year
4,219
At 31 August 2024
12,344
Net book value
At 31 August 2024
12,656
At 31 August 2023
16,875
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 Office
equipment
£
5,413
-
5,413
1,335
1,804
3,139
2,274
4,078		 Computer
equipment
£
38,300
12,607
50,907
13,831
14,315
28,146
22,761
24,469		 Other fixed
assets
£
2,837
-
2,837
573
945
1,518
1,319
2,264
2024
£
71,445
36,621
31,434
139,500		 Total
£
71,550
12,607
84,157
23,864
21,283
45,147
39,010
47,686
2023
£
20,425
-
9,027
29,452

13. Debtors

14. Creditors: Amounts falling due within one year

As restated
2024 2023
£ £
Trade creditors 48,389 19,269
Other taxation and social security 13,337 6,293
Pension fund loan payable 2,636 257
Other creditors 10,590 17,177

Page 36

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

14. Creditors: Amounts falling due within one year (continued)

Accruals and deferred income 2024
£
189,588
264,540		 As restated
2023
£
135,447
178,443

Income deferred at the year end was £132,689 (2023 revised: £92,580) which comprised the following:

Grants received in advance of entitlement £132,689 (2023: £62,488) Other income received in advance of entitlement £nil (2023: £30,092)

15. Financial instruments

2024 2023
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 685,481 469,140

Financial assets measured at fair value through income and expenditure comprise cash at bank.

16. Prior year adjustments

Three prior period adjustments have been made:

1) Reallocating income and expenditure to more appropriate nominal codes and funds to meet the disclosure requirements of the Charity SORP

2) Reversing income deferred in advance not in line with the requirements of the Charity SORP

3) Removing funds transfers from income and expenditure and reallocating to the correct SOFA line

The impact of the adjustments are as follows:

Statement of Financial Activities:

Original Revised
Income - restricted £667,337 £930,257
Income - unrestricted £424,000 £287,274
Expenditure - total £866,259 £849,669
In year surplus £225,078 £367,834
Balance Sheet:
Original Revised
Deferred income £235,337 £92,581
Restricted funds £87,825 £230,581

Page 37

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

17. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds 1
Restricted funds
Clay masterclass
Mailforce
Other funding
Youth violence avoidance
Choir
Church of Christ
Refugee Council english
lessons
LA and government funding
John Lyon charity
Youth activities
Hot meals
Sports for England
Trust for London
Woking/Kingston/Amersham
funding
ESW Mailforce - project
manager
LA funding- headteacher
funding
Richmond Land
AFC funding
Books
IT Course
Total of funds		 Balance at 1
September
2023
£
137,253
1,567
136,236
-
5,000
203
8,127
10,000
9,317
1,451
52,000
161
6,520
-
-
-
-
-
-
-
-
230,582
367,835		 Income
£
439,869
(1,000)
813,255
47,750
-
3,000
-
-
530,940
90,730
-
20,000
-
9,613
-
53,900
64,700
15,025
-
-
-
1,647,913
2,087,782		 Expenditure
£
(485,025)
(567)
(905,832)
(47,750)
(5,000)
(3,203)
(8,127)
(10,000)
(109,756)
(74,012)
(52,000)
(20,161)
(6,520)
(9,613)
-
(53,900)
(64,700)
-
-
-
-
(1,371,141)
(1,856,166)		 Transfers
in/out
£
264,374
-
-
-
-
-
-
-
(385,722)
-
-
-
-
-
42,305
-
-
-
67,616
9,912
1,515
(264,374)
-		 Balance at
31 August
2024
£
356,471
-
43,659
-
-
-
-
-
44,779
18,169
-
-
-
-
42,305
-
-
15,025
67,616
9,912
1,515
242,980
599,451

Restricted income comprises grants and fees received for a specific purpose or project.

Unrestricted income includes donations, fundraising income, and other fees not received for specific purposes.

Page 38

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

17. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds - all funds
Restricted funds
Clay masterclass
Mailforce
Other funding
Youth violence avoidance
Choir
Church of Christ
Refugee Council english lessons
LA and government funding
John Lyon charity
Youth activities
Hot meals
Sports for England
ESW Mailforce - project manager
LA funding- headteacher funding
Total of funds		 As restated
Income
£
287,274
2,000
373,464
230,257
-
-
-
-
-
-
-
-
-
24,500
64,700
694,921
982,195		 As restated
Expenditure
£
(133,460)
(433)
(237,228)
(154,041)
-
-
-
-
-
-
-
-
-
(24,500)
(64,700)
(480,902)
(614,362)		 As restated
Transfers
in/out
£
(16,561)
-
-
(76,216)
5,000
203
8,127
10,000
9,317
1,451
52,000
161
6,520
-
-
16,563
2		 Balance at
31 August
2023
£
137,253
1,567
136,236
-
5,000
203
8,127
10,000
9,317
1,451
52,000
161
6,520
-
-
230,582
367,835

Page 39

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

18. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
September
2023
£
137,253
230,582
367,835		 Income
£
439,869
1,647,913
2,087,782
As restated
Income
£
287,274
694,921
982,195		 Expenditure
£
(485,025)
(1,371,141)
(1,856,166)
As restated
Expenditure
£
(133,460)
(480,902)
(614,362)		 Transfers
in/out
£
264,374
(264,374)
-
As restated
Transfers
in/out
£
(16,561)
16,563
2		 Balance at
31 August
2024
£
356,471
242,980
599,451
Balance at
31 August
2023
£
137,253
230,582
367,835
Summary of funds - prior year
General funds
Restricted funds

19. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2024
£
Tangible fixed assets
-
Current assets
388,184
Creditors due within one year
(31,713)
Total
356,471		 Restricted
funds
2024
£
39,010
436,797
(232,827)
242,980		 Total
funds
2024
£
39,010
824,981
(264,540)
599,451

Page 40

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

19. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
-
137,253
-
137,253		 Restricted
funds
2023
£
47,686
361,339
(178,443)
230,582		 Total
funds
2023
£
47,686
498,592
(178,443)
367,835

20. Funds transfers

£264,374 was transferred from the restricted funds to unrestricted funds representing expenditure from the unrestricted fund which also qualifies for deduction against restricted funds.

21. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Increase in debtors
Increase in creditors
Interest received
Net cash provided by operating activities
22.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents		 2024
£
231,615
21,283
(110,047)
86,097
(19,476)
209,472
2024
£
685,481
685,481		 As restated
2023
£
367,834
23,864
(29,451)
178,443
-
540,690
2023
£
469,140
469,140

Page 41

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

23. Analysis of changes in net debt

Cash at bank and in hand
Debt due within 1 year		 At 1
September
2023
£
469,140
(257)
468,883		 Cash flows
At 31
August 2024
£
£
216,341
685,481
(2,379)
(2,636)
213,962
682,845

24. Pension commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £12,525. £2,636 were payable to the fund at the balance sheet date and are included in creditors.

25. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £NIL for the debts and liabilities contracted before he/she ceases to be a member.

Page 42

Docusign Envelope ID: 0610224A-1E83-455E-98D3-801345FA93AB

UKRAINIAN ST MARY'S TRUST LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

26. Related party transactions

The charity entered into the following related party transactions during the year:

L Hryhorovych (mother of trustee I Hyrhorovych)
I Hryhorovych (father of trustee I Hyrhorovych)
K Kadyshchuk (daughter of trustee I Hryhorovych)
O Kovtun (wife of trustee M Koval)
H Kormylo (mother of trustee O Novytska)
D Novetsky (son of trustee O Novytska)
A Zapotichna (niece of trustee N Vorokhib)
Widening Horizons Limited (of which trustee I Hryhorovych is a director in a
headteacher role)
Widening Horizons Limited (ESW Mailforce role)
O Novytska (trustee)
HI Graphic Design (director is brother of trustee O Novytska)
L Todos (niece of trustee O Novytska)		 Expenditure
2024
£
3,038
3,505
-
30,108
940
-
1,160
64,700
53,900
-
4,600
458
162,409		 Expenditure
2023
£
3,645
2,965
1,045
-
-
720
-
64,700
24,500
8,550
2,750
-
108,875

At 31st August 2024 £21,075 (2023: £nil) was owed to Widening Horizons Limited, £nil (2023: £400) was owed to I Hryhorovych, and £nil (2023: £1,920) was owed to HI Graphic Design.

There are no specific terms assigned to any of the above transactions.

Page 43