**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 Page 1 **KHARPP LTD (A company limited by guarantee)** **Trustees' report For the Year Ended 31 May 2024** Page 2 **KHARPP LTD (A company limited by guarantee)** - ��������� �� ���� ��� �������� ���������������� ������� ������� �� ������� ��������� ����� ��������� ����� ���������� Page 3 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**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. Page 8 ## **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: Page 9 ## **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. Page 10 **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. Page 11 **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_| Page 12 **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**| |---|---| Page 13 **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_| Page 14 **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_| Page 15 **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_ **£** _£_ Page 16 **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** Page 18 **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**| |---|---|---| Page 19 **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**| Page 20