Registered number: 14080765 Charity number: 1204531
KHARPP LTD (A company limited by guarantee)
Unaudited
Trustees' report and financial statements
For the Year Ended 31 May 2024
KHARPP LTD (A company limited by guarantee)
Contents
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 - 10 |
| Notes to the financial statements | 11 - 20 |
KHARPP LTD (A company limited by guarantee)
Reference and administrative details of the Company, its Trustees and advisers For the Year Ended 31 May 2024
Trustees Ms Ada Wordsworth, Chair Dr Panayiotis Xenophontos, Trustee Dr Grzegorz Michal Murawski, Trustee Ms Kateryna Denysova, Trustee Mr Alexander James Thomas, Trustee (Resigned 22 February 2024)
Company registered number 14080765 Charity registered number 1204531 Registered office 24 Ryland Road London NW5 3EA Accountants Axis Accountants Ltd Chartered Certified Accountants & Registered Auditors Zeal House 8 Deer Park Road London SW19 3GY
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KHARPP LTD (A company limited by guarantee)
Trustees' report For the Year Ended 31 May 2024
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KHARPP LTD (A company limited by guarantee)
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KHARPP LTD (A company limited by guarantee) Emergeney supwbrt Following ihe renewed Russian assauli on Kharkiv. we immediaiely mobili%ed all our abiliiie% to suptrf)rt our Lommunities. This included the ramping up of our infr&strllciural supwrt. including piovidin ponable wwer siations io PK)licc org<inising evacu<lliOllS from new froniline areas, ensuring (hai (he). would be able io fulfil their dulles in ihe safesi )%sible way%, the erneenCY pr()vi%ion of repairn to hou%ing for inierndlly displaced 0p]e IIDPs} in the Ts)'rkun)' Communiry.. and the 5uppon of an evacuaied medical clinic from VovLhan5k. which tnoved io KhklY. su a5 Iv ensure ihai ihe). were able lu provi(Je free medJ¢al care io IDPS from their communiry who had moved 10 the ciry. FundraisiD% As a gr&8$rlS ¢hariiy, our lunding lor the finan¢i#] year¢onrinued io come predominandy from %mail indiyidual donations. often from committcd don0 who havc rcmaincd amined io our w'ork Since the beginning of Russia's full-scale ini'asion of Ukraine iii February 2022. We also received d hd[u] ol 14¢r donaiions Irotn hugely generous dvnots dnd rrusts. for which we arL vcry gra[Cl. As was alwa)'s anticipated as general aiienlion towards Ukraine shifts awa).. our donations decreased over the course of the )'ear, however we nonetheless have been able io continue io work LffLciivelJ ta %llpport our c()mmuniliL%. In pdrtiLU1. fi)llo.]ng ()nc attk bj, Rus%1 forces on Ihe town of Derhachi. w'hich was particularl), iraumatic for KHARPP as ii iargeied d %lteet where tnanj of our buildevi live. OurLTnmUnIIY ol donvvi rallied Ivgeihei an(J able ro raise rhe requisiie amount needed lor all repairs of rh* area In a mailer of days. Structu. Management. and Governan Governin% DUment KHARPP Lid is a cotnpany limiied b}" gudranlee guverned bj ils Memurdndum Articles oIAssociation adopred on 14 tk¢ember 20?? It is a reoisiere£l chariiy wilh the Chariiy Commission. ApIntMent of Trnstees There shall ai least three and not more ihan Te[I.e Twsiees all of hoM musi noi be subject to automdtic lem11nl0 of their thteeShiP llnder Article 4.9. If the number of Trustees fa115 below three. Lhe reTnainiTro Trustee5 rna}" onl}." act lo appoin[ furthei Trustee5 as requited. The t)p]e nameJ a% dite¢iopi in ihe applicaiion io Companie% House to Incorporate ihc Chariry Is a compan). are thc firsi TrnsiccA. Subscqucni Tn]stecs arc tn bc appointed b). the Trusiees. Trusiee tern lasi for ihree Y5. with Truste£s then needing lo be either reapinted or to resign. Organisation The Trusiees are r¢SnSible for the adminiStrJ0 of ihe charity and are required io meet quarterly. Renumeration None of ourTrustees receive any kind of renUmeI0 or benefit Irom the charity. Page 4
KHARPP LTD (A company limited by guarantee) Financial vieW KHARPP LTD to keep reserve equiydieni to at ]nonth of the Int 1 exFndiruTe %hould held in c&%e ol. a non-ptedicted fall in funding or financial ch3nge%. For the year ended 31 Ma). 2024. ihe income of chariry was £258.Y79 and toral eXtndiTu[r amounted to £258.975. The iwsiees. who are also (he direaors for company lau. and under the company s Articles. are known tncmbers of MgLI)kn1 CoJJJmiiiee. wbo served during the WLYe.' Ms Ada Kaiherine Wordsworth M% Kateryna Deny%()%' Dr GF/egoF/ Michal Murdwski Dr Panayioti£ XennphnnLOS The Managemeni Committre reglllarly ewS the signifiGlllt risks to hICh the chaHtv is exwsed. Sy51ems or priK-edures are e51ablished %4"here appropriak 10 miiigaie chariiys Tisks. Tnternal control risks aTe miThimised by itnplemeniing pr{KUr¢S for wthoriwion of all tyan5aaions and projeci%. Statement of Tr1,5 rtspOL4lbIt5 The TNsiee (who are also the direciorsof ik Charity for Ihe Pur[SeS of eompanN lawl are responsible for wewrirtg Ihc Trusicc's rel attd thc finathciai siatemertis in accordancc applicablc law and Uniied Kingdom Accountirt¥ Siartdards (United Kingdom GeneTailv Aceepkd Aecouniing PraLticel. Company law requires the Trnstee io prtpare financial stakmertts for each fLnancial year. Under company law, the Trustee musl tM)t Jpptoi"e fin3nci3J £taietnents unle£% thev are satisfied that they give a true and tair view Trf the ftste of aftaits Trf the Chariry and nf iLS incnming TewuTC£S and ppIicdtiTrn of rewuTce%. including iLS illCD]ne expendi[u. for thdt In preparin¥ the tinancial staiemenis. Ik Trnsite are required io.. selecr suiiable acc(wnrino p)lictes and rhen appl!. them consistenrly: ob&eTve the tnethods and PTinciples of the a13riue5 SORP (FRS 1021". ake judgtt)ertis aceouniing esiimaies thai thre reasonable and pmdellr sldte whether dppliLdble LK Accouniing sdd5 (FRS 102) hai"e been folluwed, subject to any te[]l dep41rtures disclosed eiplJined in the fInCial Stilement5; prepare (he tinancial sraiemenison ihe going c(mcern basis unless ii is inappropriatr ropresume Ihai the Charity WLII conunue in business. The Tru%ree are r¢sw)nsibl¢ fnr keeping adequar¢ acux]nung rerS alr wfficienr io shnw and cxplain the Chariry's rrat)sacii(ms and disclosc with reasonable accuracy ai any time rhe financial IX)511ion ot" the Chariiy aThJ enable ikm 10 ensure Ihai Ihe financial smiements complv with Ihe Companies Aci 2(Kkn. The). are also resp)nsible [( safeouarding ihe asseis of the Chariiy and hence for taking rLasonablc sicps the prcvLlliiort and detecti of frnud and othcr irrcgulariiics. Page 5
KHARPP LTD
(A company limited by guarantee)
Trustees' report (continued) For the Year Ended 31 May 2024
Approved by order of the members of the board of Trustees on 28 March 2025 and signed on their behalf by:
Ms Ada Wordsworth (Chair of Trustees)
Dr Panayiotis Xenophontos (Trustee)
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KHARPP LTD (A company limited by guarantee)
Independent examiner's report For the Year Ended 31 May 2024
Independent examiner's report to the Trustees of KHARPP LTD ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 May 2024.
Responsibilities and basis of report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
Signed: Dated: 28 March 2025 Sohaib Akram (Axis Accountants Ltd) ACCA
Zeal House, 8 Deer Park Road, London, SW19 3GY
Page 7
KHARPP LTD (A company limited by guarantee)
Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 May 2024
| Note Income from: Donations and legacies 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net income before taxation Taxation 8 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 258,979 258,979 230,575 230,575 28,404 - 28,404 786 28,404 29,190 |
Total funds 2024 £ 258,979 258,979 230,575 230,575 28,404 - 28,404 786 28,404 29,190 |
Total funds 2023 £ 272,655 272,655 271,685 271,685 970 (184) 786 - 786 786 |
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 11 to 20 form part of these financial statements.
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KHARPP LTD
(A company limited by guarantee) Registered number: 14080765
Balance sheet As at 31 May 2024
| Note Fixed assets Current assets Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 11 Unrestricted funds 11 Total funds |
31,324 31,324 (2,134) |
2024 £ - 29,190 29,190 29,190 29,190 - 29,190 29,190 |
49,370 49,370 (48,584) |
2023 £ |
|---|---|---|---|---|
| - 786 |
||||
| 786 | ||||
| 786 | ||||
| 786 | ||||
| - 786 |
||||
| 786 |
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
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 28 March 2025 and signed on their behalf by:
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KHARPP LTD
(A company limited by guarantee) Registered number: 14080765
Balance sheet (continued) As at 31 May 2024
Ms Ada Wordsworth Dr Panayiotis Xenophontos (Chair of Trustees) (Trustee)
The notes on pages 11 to 20 form part of these financial statements.
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KHARPP LTD (A company limited by guarantee)
Notes to the financial statements For the Year Ended 31 May 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 24 Ryland Road, London, NW5 3EA.
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.
KHARPP LTD 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.
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.
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 Taxation
The Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
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KHARPP LTD (A company limited by guarantee)
Notes to the financial statements For the Year Ended 31 May 2024
2. Accounting policies (continued)
2.5 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.
2.6 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.
2.7 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.
2.8 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.
3. Income from donations and legacies
| Unrestricted funds 2024 £ Donations 258,979 Unrestricted funds 2023 £ Donations 272,655 |
Total funds 2024 £ 258,979 |
|---|---|
| Total funds 2023 £ 272,655 |
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KHARPP LTD
(A company limited by guarantee)
Notes to the financial statements For the Year Ended 31 May 2024
3. Income from donations and legacies (continued)
4. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2024 £ Humanitarian support and home repairs 228,441 Governance cost 2,134 230,575 Unrestricted funds 2023 £ Humanitarian support and home repairs 269,585 Governance cost 2,100 271,685 Summary by expenditure type Other costs 2024 £ Humanitarian support and home repairs 228,441 Governance cost 2,134 230,575 |
Total 2024 £ 228,441 2,134 230,575 Total 2023 £ 269,585 2,100 271,685 Total 2024 £ 228,441 2,134 230,575 |
|---|---|
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KHARPP LTD
(A company limited by guarantee)
Notes to the financial statements For the Year Ended 31 May 2024
4. Analysis of expenditure on charitable activities (continued)
Summary by expenditure type (continued)
| Humanitarian support and home repairs Governance cost |
Other costs 2023 £ 269,585 2,100 271,685 |
Total 2023 £ 269,585 2,100 |
|---|---|---|
| 271,685 |
5. Analysis of expenditure by activities
| Humanitarian support and home repairs Governance cost Humanitarian support and home repairs Governance cost |
Activities undertaken directly 2024 £ 199,381 - 199,381 Activities undertaken directly 2023 £ 245,640 - 245,640 |
Support costs 2024 £ 29,060 2,134 31,194 Support costs 2023 £ 23,945 2,100 26,045 |
Total funds 2024 £ 228,441 2,134 |
|---|---|---|---|
| 230,575 | |||
| Total funds 2023 £ 269,585 2,100 |
|||
| 271,685 |
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KHARPP LTD (A company limited by guarantee)
Notes to the financial statements For the Year Ended 31 May 2024
5. Analysis of expenditure by activities (continued)
Analysis of support costs
| Humanitaria n support and home repairs 2024 £ Motor expenses 1,304 General admin expenses 3,300 Professional services 1,543 Walfare expenditure 8,853 Travel and accommodation 5,523 Bank charges 8,537 29,060 Humanitarian support and home repairs 2023 £ Motor expenses 9,613 General admin expenses 4,085 Professional services 501 Travel and accommodation 6,112 Bank charges 3,634 23,945 |
Governance cost 2024 £ - - 2,134 - - - 2,134 Governance cost 2023 £ - - 2,100 - - 2,100 |
Total funds 2024 £ 1,304 3,300 3,677 8,853 5,523 8,537 |
|---|---|---|
| 31,194 | ||
| Total funds 2023 £ 9,613 4,085 2,601 6,112 3,634 |
||
| 26,045 |
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KHARPP LTD
(A company limited by guarantee)
Notes to the financial statements For the Year Ended 31 May 2024
6. Independent examiner's remuneration
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Company's independent examiner for the independent | ||
| examination of the Company's annual accounts | 2,100 | 2,100 |
| Fees payable to the Company's independent examiner in respect of: | ||
| All other services not included above | 34 | - |
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .
During the year ended 31 May 2024, no Trustee expenses have been incurred (2023 - £NIL) .
8. Taxation
| 2024 | 2024 | 2023 | 2023 | |
|---|---|---|---|---|
| £ | £ | |||
| Corporation tax | ||||
| Current tax on net income for the year | - | 184 | ||
| Taxation on net income | - | 184 | ||
| The tax assessed for the year is lower than (2023-the same as) the standard rate of corporation tax in | ||||
| the UK of -% (2023-19%). The differences are explained below: | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Net income before tax | 28,404 | 970 | ||
| Net income multiplied by the standard rate of corporation tax in the UK of 0 | ||||
| (2023 - 19%). | - | 184 | ||
| Effects of: | ||||
| Total tax charge for the year | - | 184 | ||
During the year ended 31 May 2024, the charity is exempt from corporation tax
9. Creditors: Amounts falling due within one year
2024 2023 £ £
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KHARPP LTD (A company limited by guarantee)
Notes to the financial statements For the Year Ended 31 May 2024
9. Creditors: Amounts falling due within one year (continued)
| Payments received on account Corporation tax Accruals and deferred income |
2024 £ - - 2,134 2,134 |
2023 £ 33,000 184 15,400 |
|---|---|---|
| 48,584 |
10. Financial instruments
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 31,324 | 49,370 |
Financial assets measured at fair value through income and expenditure comprise bank and cash balances
Page 17
KHARPP LTD (A company limited by guarantee)
Notes to the financial statements For the Year Ended 31 May 2024
11. Statement of funds
Statement of funds - current year Balance at 1 Balance at June 2023 Income Expenditure 31 May 2024 £ £ £ £ Unrestricted funds General Funds - all funds 786 258,979 (230,575) 29,190
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KHARPP LTD (A company limited by guarantee) Notes to the financial statements For the Year Ended 31 May 2024
| 11. Statement of funds (continued) Statement of funds - prior year Unrestricted funds General Funds - all funds 12. Summary of funds Summary of funds - current year Balance at 1 June 2023 £ General funds 786 Summary of funds - prior year General funds 13. Analysis of net assets between funds Analysis of net assets between funds - current period Current assets Creditors due within one year Total |
Income £ Expenditure £ 272,655 (271,869) Income £ Expenditure £ 258,979 (230,575) Income £ Expenditure £ 272,655 (271,869) Unrestricted funds 2024 £ 31,324 (2,134) 29,190 |
Balance at 31 May 2023 £ 786 Balance at 31 May 2024 £ 29,190 Balance at 31 May 2023 £ 786 Total funds 2024 £ 31,324 (2,134) 29,190 |
|---|---|---|
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KHARPP LTD
(A company limited by guarantee)
Notes to the financial statements For the Year Ended 31 May 2024
13. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
| Current assets Creditors due within one year Total |
Endowment funds 2023 £ 49,370 (48,584) 786 |
Unrestricted funds 2023 £ - - - |
Total funds 2023 £ 49,370 (48,584) |
|---|---|---|---|
| 786 |
14. Donations received from outside the UK
| During the year the donations received from individual donars outside the UK are as follows USA Spain Switzerland Canada Denmark Rest of the world |
2024 £ 14,400 800 400 400 200 2,108 |
|---|---|
| 18,308 |
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