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2025-08-31-accounts

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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 2025

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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 - 16
Independent auditors' report on the financial statements 17 - 20
Statement of financial activities 21
Balance sheet 22 - 23
Statement of cash flows 24
Notes to the financial statements 25 - 41

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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 2025

Trustees T K Barnes
I Hryhorovych
M Koval
N Vorokhib
O Novytska
A Dezyk (appointed 4 December 2025)
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 Accountants Limited
Chartered Accountants
Registered Auditor
4 Chester Court
Chester Hall Lane
Basildon
Essex
SS14 3WR
Bankers
Metro Bank Plc
1 Southampton Row
London
WC1B 5HA

Page 1

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The Trustees present their annual report together with the audited financial statements of the Company for the year 1 September 2024 to 31 August 2025. 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.

Page 2

Docusign EnvelopÈ ID". 89E14EEB-5290-8CB1-801D-916314352443 UKRAINIAN ST MARY'S TRUST LIMITED IA company limited by guarantee) "WITHOUT ST. MAR Y'S UKRAINIAN SCHOOL, MY LIFE WOULD BE SO SAD. Tetiana and her daughter Olha were forced lo flee their home in Kharkiv, where they lost relatives and friends lo the conflict in Ukraine. They arrived in the UK in search of a second chan￿. Then they found Sl. Mary's, who welcomed them into their community, where Tetiana now wo￿8 as an Education Supwrt Worker, and Olha attends as a student. Every week, Olha looks forward to Saturday when she Can come lo Sl. Mary's and spend lime with her best friends. GAIN "For children who have lost so much, this school is more than an institution-it's a sanctuary of dreams and healing" OUR MISSION STATEMENT 37,185 Al the Ukrainian Sl Mary's Trust, our mission is lo touch the hearts of displaced Ukrainian children and their families, offering them the comprehensive and compassionate support they need to heal and rebuild their lives. HOURS OF PROVISION DELIVERED IN THE ACADEMIC YEAR 2024-2025 We are dedicated lo 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 re￿1ve timely and effective assistance. With support from our partners, we've helped Ukrainian children, and their families dream again by Providing a healing and learning environment Helping them integrate inlo their new lives in the 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 connected to their community and cultural roots Providing trauma support

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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)'.

Ukrainian St Mary’s Trust exists to support displaced Ukrainian children, young people and families in the United Kingdom through education, trauma?informed psychological support, safeguarding, and community integration. Founded on over 70 years of Ukrainian supplementary education delivered through St Mary’s Ukrainian Schools, the Trust has evolved into the UK’s largest charity dedicated specifically to Ukrainian refugee children, responding to the long?term consequences of war, displacement, disrupted education and trauma.

The year 2024–2025 marked a significant transition for the Trust: from emergency response towards sustainable, system led delivery, while demand for services continued to increase nationally.

Page 4

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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

Page 5

Docusign EnvelopÈ ID". 89E14EEB-5290-8CB1-801D-916314352443 UKRAINIAN ST MARY'S TRUST LIMITED IA company limited by guarantee) SUPPLEMENTARY SCHOOLS PROVISION CORE PROGRAMMES DELIVERED ST MARY'S UKRAINIAN SCHOOLS PROVISION Ukrainian St Mary's Trust exists to p￿SerVe Ukrainian language, ￿ltUre and Identity while supwrting the academic progress, wellb8ing and social integrdtion of children and young p80pl& aff8ci8d by displacement and migration. At the h88rt of the Trust's work remains St Mary's Ukrainian School. the larg8St Ukrainian sup￿ementsry sch(M)I network in the UK. Estsblished in the 1950s, the School has grown significantly since 2022 in response to displacernent caused by war. The reporting year ￿fleCt$ a period ol consolidation, growth in demand, and increasing complexity, as many families tnoved from initial cri515 response into longer-tettn settlement. The Trust rernained comtnitted to combining high-qualrty Ukrainian education wth Irauma-lnformed. inclusive pnclice and strong community engagernent. EDUCATIONAL PROVISION 2024-2025 HIGHLIGHTS:

14 Saturday schools operating across London and reglon$ In¢ludlng Surrey, Glasgow and Northampton

Thousands of ehildron attènding weekly classes Traumavlnfomied pastoral support embedded into education ¢urrl¢ulum allyned wlth the Mlnlstry of Education of Ukraine, with certification reco9nised for reintegration

Extansive enrichrn8nt= music, drama, ¢hoirs, ¢he$$, GCSE support, wellbein9 aetivitlOS Schools functioned as wmmunily anchor winls. offering stability, identity and safeguaiding f displaced families.

Docusign EnvelopÈ ID". 89E14EEB-5290-8CB1-801D-916314352443 UKRAINIAN ST MARY'S TRUST LIMITED IA company limited by guarantee) I hroughout the reporting period, the Trust operated multi-site educational model. including-. Provision was tailored to mixed cohorts of.. 14 Saturday schools delivering stiuctured Ukrainian curriculum content across London and legions including Surrey, Glasgow and Northampton Early years provision supporting language 3CqUiSltion and social development Enrichmeni programmes in arts, music, drama, sport and civic education. displaced children arriving at different education31 stages, children of the Ukrainian diaspora born or educaied in the U and young people preparing for transitions within the UK education system. Teaching programmes con5i5tently included.. Ukrainian language, reading, writing and literature Ukrainian &ducation pa5toial wellbeing-focused Sessions structured nrichment supporting confidence, creaiivity and peer connection. history, culture and civic Curriculum aligned with the Ministry of Education of Ukraine. with certification recognised for reintegration. IrJL Ilk Ii¥lw Pag

Docusign EnvelopÈ ID". 89E14EEB-5290-8CB1-801D-916314352443 UKRAINIAN ST MARY'S TRUST LIMITED IA company limited by guarantee) INCLUSION, EQUITY AND SUPPORT FOR VULNERABLE CHILDREN A core principle of Ukrainian St Mary's Trust is that no child should be excluded from education due to the direct impact of war. A significant characteristic of the 2024-2025 yèar was increased identification of Special Educational Needs ISENI and w&llbeing-rel8ted challenges. During 202@2025. Trustees designatèd 8 Substantial proportion of grant income and charitable r&sources specifically to remove financial bairieis for children m05t affected by conflict. Across location children presented with autism spectrum conditions, ADHD Indicators, speech and language delay, emotional regulation difficulties, and trauma-related behaviours. formal UK di3gn05es were not 31w3yS available due to displacement-related disruption, schools responded through observation-based support, adapted teaching, and one-to-one or small-group interventions. Approximately 100 funded place5 were allocated across Trust locations to support.. pupils whose parents Serve in the Armed Forces of Ukraine, children bereaved through war-related loss, families experiencing compounded trauma, displacement and economic insecurity. Staff worked closely with families, and where pO￿lble with extern315peciali5ts, to provide.. safe and environments. differentiated tasks, tr8uma-informed Pastoral integrated into the curriculum. inclusive learning These places were delivered alongside". trauma-inform&d pastoral care. inclusive SEN-aware teaching, strong saf￿UardIrng and family liaison ariangement5. support Trustees recognise SEN provision as both a corè strèngth and continulng development priority for the organisation. Trustees regard this targeted support as a clear demoristration of public ber)efit, ensuring the charity's resources are direrted towards those in the greatest need. Page 8

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Achievements and performance

During the year ending 31 August 2025, Ukrainian St Mary’s Trust significantly strengthened its role as a leading provider of supplementary education, cultural enrichment, and psychosocial support for displaced Ukrainian children and families in the UK. The Trust demonstrated strong organisational resilience and adaptability, responding effectively to evolving community needs while maintaining high standards of governance, safeguarding, and partnership working.

EDUCATIONAL PROVISION 2024–2025 HIGHLIGHTS:

Throughout 2024–25, the Trust continued to operate St Mary’s Ukrainian Schools across multiple locations, providing a stable, nurturing learning environment for children aged 5–15. The schools delivered a broad and balanced curriculum combining Ukrainian language education and core academic subjects with enrichment activities such as music, art, chess, and youth leadership. This approach supported both academic continuity and the preservation of cultural identity while facilitating pupils’ integration into UK society.

The schools were consistently recognised by pupils and parents as safe, inclusive spaces where children affected by war and displacement could rebuild confidence, form friendships, and develop a sense of belonging. Trauma-informed practice remained embedded across provision, reflecting the Trust’s strong commitment to safeguarding and emotional wellbeing.

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Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Page 10

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Financial Review

Financial Review and Key Performance Indicators

2025 2024
Total Reserves £660,767 £599,271
Restricted funds £140,293 £242,980
Unrestricted funds £520,474 £356,291
In year surplus £61,317 £231,615

Going Concern

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

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.

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Docusign EnvelopÈ ID". 89E14EEB-5290-8CB1-801D-916314352443 UKRAINIAN ST MARY'S TRUST LIMITED IA company limited by guarantee) FUTURE PLANS The Trustees re¢ognis& that the ne8ds of displaced Ukrainian children and families are evolving from emergency response lo long48rm recovoryi Stability, and integration. The Trust will therefore focu5 On consolidating its services and stren9thening organisational sustainability. rather than pursuing rapid expansion. Despite delivering provision at scale, demand for the Trust's culturally specific, tr8uma-infortned education and wellbeing programmes continues lo ex￿e￿ c£pa¢ity. Future plans prioritise maintaining quality. safeguarding, and d8Pth of sUPPOrt for thos8 children and famili8s already r81iant on the Trust's 58rvic8S. Over the perood 202¢￿2029, the Trustees wlll focus on four strateglc prlorltoes:

First, the Trust will strengthen its core programmes. in¢luding supplementary education, traurna-informed ernotional support. and family engagement. supported by clearer outcome measurement and monitoring.

S8cond, th8 Trust will continu8 to invest in organisalional capacity, including ￿adership development, workforce support, and robust systems for finance. safeguarding. and irnpact reporting. These measures are intended lo redu￿ relian￿ on key individua15 and ensure services retnain safe, 8ff8CtiV8, and r85ili8nt.

Third, th8 Trust8es will prioritlS8 financial reslllence and Sncome dlversificatlon, moving towards a mole balanced funding model that indudes rnulti-year grant funding, statutory and corntnissioned incorne, corporate partnerships. and in¢￿ased unrestricted funding. Any growth funding secur8d will b8 US8d to support long-term sustsinability rather than ongoing dependen¢y.

Finally. th8 Trust will str8ngth8n its role in impaet, lèarning. and influ•nc•, sharing evidence and learning with fund8rs, partners, and the wider sector where appropriate, and contributing to improved practiTr in refugee education and wellbeing. The Truste¢$ believe this planned and phased approa¢h will enabl¢ Ukrainian St Mary's Trust to transition rèspohsibly from crisis r•sponsè to ènduring systorns of carè. ènsuring that displacod Ukrainian children and families continue to receive high-quality. culturally appropriate support as thelr needs become more complex and long.term. Page 12

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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

The charitable company must at any given time have 5 Trustees. During 2024-2025 the Trustees Board met 8 times. Day to day responsibility for the provision of services rests with its Headteacher Inna Hryhorovych along with other Senior and Middle leaders as well as other staff to whom work is delegated accordingly. The Chair (Nadia Vorokhib) is responsible for ensuring that the charity delivers the services specified and the key performance indicators are met.

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.

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.

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Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

In accordance with best practice, we:

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.

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

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Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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 2025, the total of the charity's reserves were £660,767 (2024: £599,271), of which £140,293 (2024: £242,980 is restricted) and £520,474 (2024: £356,291) is unrestricted. Of unrestricted funding, £24,546 (2024: £39,010) 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 charity intends 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:

Auditors

The auditors, MWS, have indicated their willingness to continue in office. The designated Trustees will propose a

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Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustee on 19 May 2026 and signed on their behalf by:

N Vorokhib Trustee

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Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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 2025 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.

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Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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.

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Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

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Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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 Accountants Limited

Chartered Accountants Registered Auditor 4 Chester Court Chester Hall Lane Basildon Essex SS14 3WR Date: 27 May 2026

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

Page 20

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other income
7
Other allocated
Total income
Expenditure on:
Charitable activities
8
Total expenditure
Net income/(expenditure)
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
2025
£
30,252
461,581
66,526
11,768
47,465
-
617,592
351,565
351,565
266,027
(102,024)
164,003
356,470
164,003
520,473		 Restricted
funds
2025
£
4,050
1,136,695
-
-
13,750
-
1,154,495
1,359,205
1,359,205
(204,710)
102,024
(102,686)
242,980
(102,686)
140,294		 Total
funds
2025
£
34,302
1,598,276
66,526
11,768
61,214
1
1,772,087
1,710,770
1,710,770
61,317
-
61,317
599,450
61,317
660,767		 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

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

The notes on pages 25 to 41 form part of these financial statements.

Page 21

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

BALANCE SHEET AS AT 31 AUGUST 2025

Note
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
15
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		 84,893
905,905
990,798
(354,577)		 2025
£
24,546
24,546
636,221
660,767
660,767
660,767
140,293
520,474
660,767		 139,500
685,480
824,980
(264,540)		 2024
£
39,010
39,010
560,440
599,450
599,450
599,450
242,980
356,470
599,450

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 19 May 2026 and signed on their behalf by:

Page 22

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee) REGISTERED NUMBER: 14124943

BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025

N Vorokhib

Trustee

The notes on pages 25 to 41 form part of these financial statements.

Page 23

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025

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 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 25 to 41 form part of these financial statements		 2025
£
216,839
11,768
(8,182)
3,586
-
220,425
685,481
905,906		 2024
£
209,472
19,476
(12,607)
6,869
-
216,341
469,140
685,481

Page 24

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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 Limited 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 25

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

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 26

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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 upon the completion of the relevant performance-related conditions. Other grants that are not subject to performance-related conditions are credited to the Statement of financial activities as the grant proceeds are received. Grants received prior to the revenue recognition criteria being satisfied are recognised as a liability.

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 27

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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 28

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

3. Income from donations and legacies

Unrestricted
funds
2025
£
Donations
30,252
Unrestricted
funds
2024
£
Donations
542
4.
Income from charitable activities
Unrestricted
funds
2025
£
Income from charitable activities - Education
461,581
During the year government grants totalled £630,584 (2024: £595,640).
Unrestricted
funds
2024
£
Income from charitable activities - Education
373,350		 Restricted
funds
2025
£
4,050
Restricted
funds
2024
£
(1,000)
Restricted
funds
2025
£
1,136,695
Restricted
funds
2024
£
1,648,913		 Total
funds
2025
£
34,302
Total
funds
2024
£
(458)
Total
funds
2025
£
1,598,276
Total
funds
2024
£
2,022,263

Page 29

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

5. Income from other trading activities

Income from fundraising events

Unrestricted
funds
2025
£
Parent Committee
2,624
Trip income
63,902
66,526
6.
Investment income
Unrestricted
funds
2025
£
Investment income
11,768
7.
Other incoming resources
Unrestricted
funds
2025
Restricted
funds
2025
£
£
Other funding
47,465
13,750
8.
Analysis of expenditure on charitable activities
Summary by fund type		 Total
funds
2025
£
2,624
63,902
66,526
Total
funds
2025
£
11,768
Total
funds
2025
£
61,215		 Total
funds
2024
£
2,805
43,695
46,500
Total
funds
2024
£
19,476
Total
funds
2024
£
-
Unrestricted Restricted
funds funds Total
2025 2025 2025
£ £ £
Education 351,565 1,359,205 1,710,770

Page 30

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

8. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Unrestricted Restricted
funds funds Total
2024 2024 2024
£ £ £
Education 281,391 1,574,775 1,856,166

9. Analysis of expenditure by activities

Education
Education		 Activities
undertaken
directly
2025
£
1,053,324
Activities
undertaken
directly
2024
£
1,356,568		 Support
costs
2025
£
657,445
Support
costs
2024
£
499,598		 Total
funds
2025
£
1,710,769
Total
funds
2024
£
1,856,166

Page 31

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

9. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Administration and support staff
Other staff costs
Educational resources
Other direct costs
Motor and travel
Catering
Study tour		 Education
2025
£
728,367
54,130
24,028
120,533
118,184
1,967
6,640
(525)
1,053,324		 Total
funds
2025
£
728,367
54,130
24,028
120,533
118,184
1,967
6,640
(525)
1,053,324		 Total
funds
2024
£
1,135,359
29,352
22,826
60,228
77,094
24,484
7,225
-
1,356,568

Analysis of support costs

Staff costs
Depreciation
Administration and support staff
Camp resources
Repairs and maintenance
Utilities
Rent and rates
Legal and professional fees
Audit and accounts fees
Other support costs
Advertising
Motor and travel
Catering
ICT costs
Bank charges
Subscriptions		 Education
2025
£
280,078
22,647
1,170
27,990
33,635
4,010
122,467
27,928
7,430
96,206
8,144
7,884
3,717
5,114
5,386
3,639
657,445		 Total
funds
2025
£
280,078
22,647
1,170
27,990
33,635
4,010
122,467
27,928
7,430
96,206
8,144
7,884
3,717
5,114
5,386
3,639
657,445		 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

Page 32

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

10. Auditors' remuneration

2025 2024
£ £
Fees payable to the Company's auditor for the audit of the Company's
annual accounts 2,236 2,150
Fees payable to the Company's auditor in respect of:
All non-audit services not included above 3,120 3,000

11. Staff costs

Wages and salaries 2025
£
1,008,444
1,008,444		 2024
£
1,404,723
1,404,723

Of the above, salary costs can be split between:

2025 2024
Employee gross pay £178,756 £744,826
National insurance £16,229 £62,434
Pension contributions £2,820 £12,525
External contractor pay £406,088 £548,938

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

2025 2024
No. No.
Employees 9 28

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 £45,884 (2024: £34,843), of which £45,043 (2024: £34,010) was gross pay and £841 (2024: £833) was employer's pension. The remaining key management personnel are independent contractors.

Page 33

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

12. 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:

2025 2024
£ £
O Novytska Remuneration 13,500 39,000
I Hryhorovych Remuneration 13,500 -

During the year ended 31 August 2025, no Trustee expenses have been incurred (2024 - £NIL) .

13. Tangible fixed assets

Cost or valuation
At 1 September 2024
Additions
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Motor
vehicles
£
25,000
-
25,000
12,344
3,164
15,508
9,492
12,656		 Office
equipment
£
5,413
-
5,413
3,139
1,735
4,874
539
2,274		 Computer
equipment
£
50,907
8,183
59,090
28,146
16,814
44,960
14,130
22,761		 Other fixed
assets
£
2,837
-
2,837
1,518
935
2,453
384
1,318		 Total
£
84,157
8,183
92,340
45,147
22,648
67,795
24,545
39,009

Page 34

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

14. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2025
£
4,719
65,273
14,901
84,893		 2024
£
71,445
36,621
31,434
139,500

15. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income		 2025
£
26,730
-
307
192
327,348
354,577		 2024
£
48,389
13,337
2,636
10,590
189,588
264,540

Income deferred at the year end was £228,259 (2024: £132,689) which comprised the following: Grants received in advance of entitlement £228,259 (2024: £132,689)

16. Financial instruments

2025 2024
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 905,906 685,481

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

Page 35

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

17. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds 1
Restricted funds
Mailforce
Other funding (see note 18)
LA and government funding
John Lyon charity
Youth activities
Hot meals
Trust for London
Woking/Kingston/Amersham
funding
LA funding- headteacher
funding
Richmond Land
AFC funding
Books
IT Course
Total of funds		 Balance at 1
September
2024
£
356,470
43,659
-
44,779
18,169
-
-
-
42,305
-
15,025
67,616
9,912
1,515
242,980
599,450		 Income
£
617,593
70,931
343,143
362,612
33,286
52,138
13,000
26,500
12,144
68,400
-
172,340
-
-
1,154,494
1,772,087		 Expenditure
£
(351,565)
(114,590)
(336,430)
(407,391)
(51,455)
(46,327)
(3,420)
(20,382)
(48,870)
(68,400)
(15,025)
(235,488)
(9,912)
(1,515)
(1,359,205)
(1,710,770)		 Transfers
in/out
£
(102,024)
-
102,024
-
-
-
-
-
-
-
-
-
-
-
102,024
-		 Balance at
31 August
2025
£
520,474
-
108,737
-
-
5,811
9,580
6,118
5,579
-
-
4,468
-
-
140,293
660,767

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 36

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

17. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds 1
Restricted funds
Clay Masterclass
Mailforce
Other funding (see note 18)
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
£
137,252
1,567
136,236
-
5,000
203
8,127
10,000
9,317
1,451
52,000
161
6,520
-
-
-
-
-
-
-
-
230,582
367,834		 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
£
356,470
-
43,659
-
-
-
-
-
44,779
18,169
-
-
-
-
42,305
-
-
15,025
67,616
9,912
1,515
242,980
599,450

Page 37

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

18. Other restricted funds breakdown

Balance at 1 Balance at
September 31 August
Fund 2024 **Income ** Expenditure Transfers 2025
Nestle-Choir - 20,000 (20,000) - -
Laptops grant - 1,375 (1,375) - -
Garfield Weston - 10,000 (10,000) - -
Surrey Community Foundation - 10,012 (10,012) - -
National Lottery - 19,950 (19,950) - -
Marketing - 12,727 (12,727) - -
Guildford - 56,680 (44,718) - 11,962
Hillingdon - 90,754 (44,432) - 46,322
Northampton - 5,772 (5,772) - -
Glasgow - 8,011 (8,011) - -
Kent - 550 (550) - -
Tunbridge Wells - 2,500 (2,500) - -
Rehabilitation camps - 78,749 (28,298) - 50,451
Other restricted funding - 26,062 (128,085) 102,023 -
Total - 343,142 (336,430) 102,023 108,735

19. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
September
2024
£
356,470
242,980
599,450
Balance at
1 September
2023
£
137,252
230,582
367,834		 Income
£
617,593
1,154,494
1,772,087
Income
£
439,869
1,647,913
2,087,782		 Expenditure
£
(351,565)
(1,359,205)
(1,710,770)
Expenditure
£
(485,025)
(1,371,141)
(1,856,166)		 Transfers
in/out
£
(102,024)
102,024
-
Transfers
in/out
£
264,374
(264,374)
-		 Balance at
31 August
2025
£
520,474
140,293
660,767
Balance at
31 August
2024
£
356,470
242,980
599,450
Summary of funds - prior year
General funds
Restricted funds

Page 38

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

20. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
-
Current assets
587,039
Creditors due within one year
(66,565)
Total
520,474
Analysis of net assets between funds - prior year
Unrestricted
funds
2024
£
Tangible fixed assets
-
Current assets
388,184
Creditors due within one year
(31,713)
Total
356,471		 Restricted
funds
2025
£
24,546
403,759
(288,012)
140,293
Restricted
funds
2024
£
39,010
436,797
(232,827)
242,980		 Total
funds
2025
£
24,546
990,798
(354,577)
660,767
Total
funds
2024
£
39,010
824,981
(264,540)
599,451

21. Funds transfers

£nil (2024: £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.

£102,024 (2024: £nil) was transferred from the unrestricted funds to the restricted funds representing expenditure from unrestricted funds available against expenditure.

Page 39

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

UKRAINIAN ST MARY'S TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Decrease/(increase) in debtors
Increase in creditors
Interest received
Net cash provided by operating activities		 2025
£
61,317
22,647
54,607
90,036
(11,768)
216,839		 2024
£
231,615
21,283
(110,047)
86,097
(19,476)
209,472

23. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 2025
£
905,906
905,906		 2024
£
685,481
685,481

24. Analysis of changes in net debt

Cash at bank and in hand
Debt due within 1 year		 At 1
September
2024
£
685,481
(2,636)
682,845		 Cash flows
At 31
August 2025
£
£
220,425
905,906
2,329
(307)
222,754
905,599

25. 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 £2,819 (2024: £12,525). £307 (2024: £2,636) was payable to the fund at the balance sheet date and are included in creditors.

Page 40

Docusign Envelope ID: 89E14EEB-5290-8CB1-801D-916314352443

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

26. 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 £1 for the debts and liabilities contracted before he/she ceases to be a member.

27. Related party transactions

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

L Hryhorovych (mother of trustee I Hryhorovych)
I Hryhorovych (father of trustee I Hryhorovych)
K Kadyshchuk (daughter of trustee I Hryhorovych)
O Kovtun (wife of trustee M Koval)
Belgravia Capital Management (of which director O Kovtun is wife of trustee
M Koval)
H Kormylo (mother of trustee O Novystka)
A Zapotichna (niece of trustee N Vorokhib)
S Zapotichna (sister 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)
InnovEd (of which director O Novytska is a trustee)
HI Graphic Design (director is brother of trustee O Novytska)
L Todos (niece of trustee O Novytska)
M Koval		 Expenditure
2025
£
6,932
3,027
3,205
-
10,640
-
1,845
2,157
75,724
-
40,500
-
326
1,000
145,356		 Expenditure
2024
£
3,038
3,505
-
30,108
-
940
1,160
-
64,700
53,900
-
4,600
458
-
162,409

At 31st August 2025 £nil (2024: £21,075) was owed to Widening Horizons Limited.

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

Page 41

Docusign EnvelopÈ ID". 89E14EEB-5290-8CB1-801D-916314352443