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2025-05-31-accounts

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 2025

KHARPP LTD (A company limited by guarantee)

Contents

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8 - 9
Notes to the financial statements 10 - 18

KHARPP LTD (A company limited by guarantee)

Reference and administrative details of the Company, its Trustees and advisers For the Year Ended 31 May 2025

Trustees Ms Ada Wordsworth, Chair Dr Panayiotis Xenophontos, Trustee Dr Grzegorz Michal Murawski, Trustee Ms Kateryna Denysova, Trustee 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 2025

Page 2

KHARPP LTD IA company limited by guarantee} Thc pravi%inn of cncrgy infristrnciural supwirt. The provision of more extensive home repdirs for fdmilies who have relocdted to central aiid western Ukraine to escape fighting. Winleri7ation Rasic Home Repairs Duriiig thc financial ycar, part nt our work in Kharkiv Oblasi, we provided esseniial repair￿ lo 58 home% it] Slatyne, 38 in PL￿dia￿ka and Tsupivka, 7 ill Tsyrkuny, 52 in Derhachi, two in Bezruky, 10 in Kam'iank£l, and one in Kharkiv. Refugee Repair Support We prepared exteiisive rep￿irS to d large fainily, spread over Ihiee huuses, in Cherkd5y Oblagt. a% well a8 tl) two lamilie% in Kivorohrad Obla%i. Thi% included faciliiaiing waier acccs%. baihr()om repai￿, and hcaiing. Energy Infrastrlletural Support We LoniinueLI to piovide Swlink systems 10 four communities in the Kharkiv region. %upporting Li kindergarden, Iwn medical clinics. Jnd an admini%irdiinn building. In ensure the constaiit availability of communicatioiis. Similarly, we have proN'ided geneTator5 to over ten Lu]ntnunilies. dlun¥ wilh purt(Ible puwei" Sldliuns, Lunlinued with ijui wui"k iu piuvide fuel supplies as much as tK)ssible, $0 that cornmunities are always prepared for blackouts. Fundraising #nd promotion As a grassroots charity, our funding for the financial )Jear coniinued to come predominanily from small individual donations, often from committed donors ￿h0 have remained attuiied io ollr work since the begit]ning of Rllssia's full-scale invasion of Ukraine in February 2022. We alsu iEceii'ed a handful of laigei donation5 from hugely geneious donor5 and trusts. for which we very gidterul. We are alwa}'s delighted to pre%enl our work. and were particularly honoured to take part in the 2025 Venice Aichiieciure Biennale, as part of the Ukrainian Natitsnal Pavilion. Structure, Mana%ement, and Governance Governing Document KHARPP Lid is a company limiied by guaraniee governed by ils Memorandum and Arii¢les of As$￿1a[JOn adopted on 14 December 2022. 11 i.% a regi%lered charity with the Charity Commission. Appnintment of Trustees There shall be at least three and not more than twelve Tn]stees all of whom must not be subjeci 10 aulumaiiL tetniinaiion tsf Iheir tIUSleeship under ArtiLle 4.9. If Ihe nunibei of Tru4tees f411s below three, Ihe remaining Trustees may only to appnint further Trustees required. The people named as directors it] the applicaiion lo Companies House to inLvtENJldte the Charity a% d company dte the fii"%t Tru%lee%. Sub%equent T[￿41te% ate Iij be appointed by the Tiusiees. Trustee iernis last foi three years, w'ith Trustees then needing to be eiiher reappointed or to resign. Organisation The Tru%iees are re%ponsibltt for the admini8tration of the charily and are required to meei qllartcrly. Page 3

KHARPP LTD IA company limited by guarantee} Renumerutiun None of our Trustees receive any kind of renurneration or ￿nefit from the charity. Financial reTriew KHARPP LTD aims to keep reserve equivalent 10 ai one monih ot Ihe toral annual ex￿nditUre should te held in ca%e of 1L n0n-pre411c￿d fall in funding or finanLial changes. For Ihe year ended 31 May 2025, the income of charily was £97,610 and toial expendilure aMOun￿d lu £90,839. The tru%tee%. w'hc) dl%() the direLtI)r% f()r L()rnpany law and undeT the LC)Tnpdny'% ArtlLle%, ate known as tn¢inber4 ()f tht Manauement Comrnitte¢, who.￿erVed during th¢ year were.. Ms Ada Kaihenne WoTdswonh Ms Kattryna Dellyso￿a Dr Grzegorz Michal Murawski Dr Panayinti% Xennphonio% The Maiiagemeni Commiiiee regularly reviews Ihe significani risks 10 which Ihe chariiy is exp)sed. Sysiems or procedures are esii?blished where appropriaie to miiigaie Ihe chariiy's risks. Internal control rigks are minimised by implementing p[l￿ed￿re￿ for ttuthorisatiort ofall transactions Jnd prujectS. Statement of I'rustee'5 responsibilities Thc Trusicc (who arc ￿80 thc dircctors of thc Chariiy for the purposcs of company lawl arc reS￿nSIble for preparing Ihe Trusiee's report and the financial statements in accordance with applicable law and Unil¢d Kingdom A¢rounting Standards Wnit¢d KingdoTn G¢nerdly A¢r¢pied Arcounling Prarti¢el. Ci)Tllp4iny Idw require% the TTU%Eee tc) prepare fJnanLial %lalernenl8 f()r eaLh finanLidl year. Under ompany law, di¢ Trust¢¢ tnust not approv¢ the financial slat¢rn¢nt5 unle￿8 tli¢y w.e satisfied Ihal they give a true llnd fair view nf the %thte nf affair% of the Charity and nf it% incaming Te%ouTtt% and appljcation ot resources. Including iis illcome and expendiiure. tor ihai t￿riod. In preparing these rinancial sthtemenis. the Truste£ are required io.. seltci siiilLible accouniing policjes Lind Ihen apply them consistently., b%erve the meth()d% dnd pi"inLiple% ()f the Charitie% SORP IFRS 1021., makc judgmcnts alld aecounting csiimatcs that arc rcasonablc and prudcnt.. slate wliethei" appliLable UK AcLOUlltin£ Standards IFRS 1021 have been follow'td, subject to any rnaterial depariures disclosed and explained in the finaii¢ial slaternentS' prepare Ihe tinancial siaiemenis on the going conctrn basis unless li is inappropriaie to p￿sume thai Ihe Chariiy will continue in business. The Twsite are responsible for keeping adequaie accouniing reo)rd5 Ihat are sufficient 10 show and explain Ihe Chariiy's Iransaciions and disLlose with reasonable aLcuracy ai any time the finanLial position of the Chaniy and enable Ihem 10 ensure thai the finiincial siatemenis Lomply wilh Ihe Comp￿1¢5 Aci 2006. They arL also resrrf)nsiblc for safcgTLi￿dIttLI IhL aSSCls of the Ch￿](Y hcftcL for Vdking re￿sOnable sieps for the prevention ond deieLtion of fraud and other irreglllarities. Page 4

KHARPP LTD (A company limited by guarantee)

Trustees' report (continued) For the Year Ended 31 May 2025

Approved by order of the members of the board of Trustees on 26 February 2026 and signed on their behalf by:

Ms Ada Wordsworth (Chair of Trustees)

Dr Panayiotis Xenophontos (Trustee)

Page 5

KHARPP LTD (A company limited by guarantee)

Independent examiner's report For the Year Ended 31 May 2025

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 2025.

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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: 26 February 2026 Sohaib Akram (Axis Accountants Ltd) ACCA

Zeal House, 8 Deer Park Road, London, SW19 3GY

Page 6

KHARPP LTD (A company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 May 2025

Note
Income from:
Donations and legacies
3
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward
Restricted
funds
2025
£
3,659
3,659
3,659
3,659
-
-
-
-
Unrestricted
funds
2025
£
93,951
93,951
87,180
87,180
6,771
29,190
6,771
35,961
Total
funds
2025
£
97,610
97,610
90,839
90,839
6,771
29,190
6,771
35,961
Total
funds
2024
£
258,979
258,979
230,575
230,575
28,404
786
28,404
29,190

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

The notes on pages 10 to 18 form part of these financial statements.

Page 7

KHARPP LTD

(A company limited by guarantee) Registered number: 14080765

Balance sheet As at 31 May 2025

Note
Fixed assets
Current assets
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
8
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
10
Unrestricted funds
10
Total funds
38,095
38,095
(2,134)
2025
£
-
35,961
35,961
35,961
35,961
-
35,961
35,961
31,324
31,324
(2,134)
2024
£
-
29,190
29,190
29,190
29,190
-
29,190
29,190

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 26 February 2026 and signed on their behalf by:

Page 8

KHARPP LTD

(A company limited by guarantee) Registered number: 14080765

Balance sheet (continued) As at 31 May 2025

Ms Ada Wordsworth Dr Panayiotis Xenophontos (Chair of Trustees) (Trustee)

The notes on pages 10 to 18 form part of these financial statements.

Page 9

KHARPP LTD (A company limited by guarantee)

Notes to the financial statements For the Year Ended 31 May 2025

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 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.

Page 10

KHARPP LTD (A company limited by guarantee)

Notes to the financial statements For the Year Ended 31 May 2025

2. Accounting policies (continued)

2.5 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.

2.6 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.

2.7 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.

3. Income from donations and legacies

Restricted Unrestricted Total
funds funds funds
2025 2025 2025
£ £ £
Donations 3,659 93,951 97,610
Unrestricted Total
funds funds
2024 2024
£ £
Donations 258,979 258,979

Page 11

KHARPP LTD (A company limited by guarantee)

Notes to the financial statements For the Year Ended 31 May 2025

3. Income from donations and legacies (continued)

4. Analysis of expenditure on charitable activities

Summary by fund type

Humanitarian support and home repairs
Governance cost
Presentation and promotion of the charity
Humanitarian support and home repairs
Governance cost
Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
84,840
-
2,340
3,659
-
3,659
87,180
Unrestricted
funds
2024
£
228,441
2,134
230,575
Total
2025
£
84,840
2,340
3,659
90,839
Total
2024
£
228,441
2,134
230,575

Summary by expenditure type

Humanitarian support and home repairs
Governance cost
Presentation and promotion of the charity
Other costs
2025
£
84,840
2,340
3,659
90,839
Total
2025
£
84,840
2,340
3,659
90,839

Page 12

KHARPP LTD (A company limited by guarantee)

Notes to the financial statements For the Year Ended 31 May 2025

4. Analysis of expenditure on charitable activities (continued)

Summary by expenditure type (continued)

Humanitarian support and home repairs
Governance cost
Analysis of expenditure by activities
Humanitarian support and home repairs
Governance cost
Presentation and promotion of the charity
Humanitarian support and home repairs
Governance cost
Activities
undertaken
directly
2025
£
67,997
-
3,659
71,656
Activities
undertaken
directly
2024
£
199,381
-
199,381
Other costs
2024
£
228,441
2,134
230,575
Support
costs
2025
£
16,843
2,340
-
19,183
Support
costs
2024
£
29,060
2,134
31,194
Total
2024
£
228,441
2,134
230,575
Total
funds
2025
£
84,840
2,340
3,659
90,839
Total
funds
2024
£
228,441
2,134
230,575

5. Analysis of expenditure by activities

Page 13

KHARPP LTD (A company limited by guarantee)

Notes to the financial statements For the Year Ended 31 May 2025

5. Analysis of expenditure by activities (continued)

Analysis of support costs

Humanitaria
n support
and home
repairs
2025
£
Motor expenses
500
General admin expenses
5,350
Professional services
580
Walfare expenditure
4,361
Travel and accommodation
4,377
Bank charges
1,675
16,843
Humanitarian
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
Governance
cost
2025
£
-
-
2,340
-
-
-
2,340
Governance
cost
2024
£
-
-
2,134
-
-
-
2,134
Total
funds
2025
£
500
5,350
2,920
4,361
4,377
1,675
19,183
Total
funds
2024
£
1,304
3,300
3,677
8,853
5,523
8,537
31,194

Page 14

KHARPP LTD (A company limited by guarantee)

Notes to the financial statements For the Year Ended 31 May 2025

6. Independent examiner's remuneration

2025 2024
£ £
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 34
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits_(2024_ - £NIL).
During the year ended 31 May 2025, no Trustee expenses have been incurred_(2024 - £NIL)_.
8.
Creditors: Amounts falling due within one year
Accruals and deferred income
9.
Financial instruments
Financial assets
Financial assets measured at fair value through income and expenditure
2025
£
2,134
2025
£
38,095
2024
£
2,134
2024
£
31,324

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

Page 15

KHARPP LTD (A company limited by guarantee)

Notes to the financial statements For the Year Ended 31 May 2025

10. Statement of funds

Statement of funds - current year

Unrestricted funds
Reserves
Unallocated amounts
Balance at 1
June 2024
£
29,190
-
29,190
Income
£
-
97,610
97,610
Expenditure
£
-
(90,839)
(90,839)
Balance at
31 May 2025
£
29,190
6,771
35,961

Page 16

KHARPP LTD (A company limited by guarantee)

Notes to the financial statements For the Year Ended 31 May 2025

10. Statement of funds (continued)

Statement of funds - prior year

Balance at
1 June 2023
£
Unrestricted funds
General Funds - all funds
786
11.
Summary of funds
Summary of funds - current year
Balance at 1
June 2024
£
General funds
29,190
Summary of funds - prior year
Balance at
1 June 2023
£
General funds
786
12.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Current assets
Creditors due within one year
Total
Income
£
Expenditure
£
258,979
(230,575)
Income
£
Expenditure
£
97,610
(90,839)
Income
£
Expenditure
£
258,979
(230,575)
Unrestricted
funds
2025
£
38,095
(2,134)
35,961
Balance at
31 May 2024
£
29,190
Balance at
31 May 2025
£
35,961
Balance at
31 May 2024
£
29,190
Total
funds
2025
£
38,095
(2,134)
35,961

Page 17

KHARPP LTD (A company limited by guarantee)

Notes to the financial statements For the Year Ended 31 May 2025

12. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

13.

Current assets
Creditors due within one year
Total
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
Unrestricted
funds
2024
£
31,324
(2,134)
29,190
2025
£
17,432
-
-
255
42
2,841
20,570
Total
funds
2024
£
31,324
(2,134)
29,190
2024
£
14,400
800
400
400
200
2,108
18,308

Page 18

Audit Trail

Document Details

Title
Accounts
Title
Accounts
File Name
Kharpp Ltd 2025 - Final Accounts.pdf
Document ID
13343d5f8aa544c887d20123c390b2c0
Fingerprint
788b8482d1ce1b3981871d0fabbe33cc
Status
Completed
Document History
Document Created Document Created by Sohaib Akram (info@axis-accountants.co.uk)
Fingerprint: 916e602c0e6bfc5fb5009ce05c283539
Feb 26 2026
01:59PM UTC
Document Signed by Sohaib Akram (info@axis-accountants.co.uk)
IP: 46.33.18.212
Document Signed Feb 26 2026
01:59PM UTC
Document Sent Document Sent to Panayiotis Xenophontos (Sann5773@ox.ac.uk) Feb 26 2026
01:59PM UTC
Document Sent Document Sent to Ada Wordsworth (ada@kharpp.com) Feb 26 2026
01:59PM UTC
Document Viewed Document Viewed by Panayiotis Xenophontos (Sann5773@ox.ac.uk)
IP: 44.249.143.161
Feb 26 2026
01:59PM UTC
Document Viewed Document Viewed by Panayiotis Xenophontos (Sann5773@ox.ac.uk)
IP: 16.146.66.182
Feb 26 2026
01:59PM UTC
Document Viewed Document Viewed by Ada Wordsworth (ada@kharpp.com)
IP: 205.220.129.228
Feb 26 2026
02:06PM UTC
Document Signed by Ada Wordsworth (ada@kharpp.com)
IP: 205.220.129.228
Document Signed Feb 26 2026
02:09PM UTC
Document Viewed Document Viewed by Panayiotis Xenophontos (Sann5773@ox.ac.uk)
IP: 192.76.8.234
Feb 26 2026
03:27PM UTC
Document Viewed Document Viewed by Panayiotis Xenophontos (Sann5773@ox.ac.uk)
IP: 172.186.8.69
Feb 26 2026
03:27PM UTC
Document Signed by Panayiotis Xenophontos (Sann5773@ox.ac.uk)
IP: 192.76.8.234
Document Signed Feb 26 2026
03:28PM UTC
Document This document has been completed. Feb 26 2026
Completed Fingerprint: 788b8482d1ce1b3981871d0fabbe33cc 03:28PM UTC