REGISTERED co.mP￿)Y.￿L.mBER: 01345280 (England and Il'ales) REGISTERED CHARITTr' NLMBER: 275483 REPORT OF THE TRUSTEES AND FINANCIAL STATE,%qEY FOR THE YEAR ENDED 31ST DECE.MBER 2023 FOR UK1L4LNI￿* RELIGIOiiS SOCIETY OF ST. SOPHIA LI.%IITED Sproull & Co. Cbartered Accountants FITh Flwr. Jebsen Ho 53-61 High Stre Ruislip Middlesex HA4 7BD L'K1141NIA) RELIGIOLS SOCIETY OF ST. SOPHIA LI￿lITED COLNTENTS OF THE FLNtif*CIXL STATE￿IE￿Ts FOR I'HE YEAR E.NDED 31ST DECE.IIBER 21123 Page Report of tbe Trustees Independent Examiner's Report StAtement of Flna#eial Actiiities B*laThce Sheet Notes t& the Financial Stateo*nts 7 to I LKR,1IINI.￿ RELIGIOL5 SOCIETI OF ST. SOPHIA LLTrIITED REGISTERED LNL,%IBER: 01345280 REPORT OF THE TRL:STEES FOR TEIE YEAR E.NDED 31ST DECEMBER 21123 The trustees who are also directors of the chaTiry for the purEx)ses of the Companie5 Act 2(X)6, preseni their report with the financial Statements of the charity for the year ended 31st Decernber 2023. The ttwtees have adopted the provisions of Accounting and ReEX)ning by Clwities.. Stateffteni (Trf Recommended Practice applicable to charities preparing their accounts in accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ir¢land {FRS 1021 (effwtive l January 20191. OWECTtVES A￿￿[tEs Objt¢tlve5 and aims The objecis for which the charity is esthblish￿ for the public benefit are 10 pionM)t¢ aThJ provide for the advancernent of education and the education and the teachings of the Ukrainian Catholic religion. Public benetit In detenruning the charitV5 objectives and planning fijtt￿e activtties and th>nation& the trustees have considered the Charity Commissioii's guidance on public l￿ffi1. FINANCIAL REVIEW At the Balance Sheet dale the cllarity had totsl reserves of £1.025,738. Trusiets believe this to be an adequate level to f￿anCe the charity's activities for the foreseeable future. Included within Unrestricted Funds is a DesI￿lated Reserve of £195,(K>O. Further infoTtnation on these funtis is detailed tn note I l. STRUCTURE, GOVERNAf4CE AND MAL¥AGE.MENT Governing document The charity is controlled by Lts governins dO¢Un￿n￿ its menKTrr￿U￿ and articles of association dated 5th December 1977, as amended by special resolution dated 25th March 1998 and corLStitutes a litnited cowy. lirniied by guarantee, as defined by the Companies Act 21kn. ReCrUit￿ent and appointment of new trustees The existing trustees will aptx)int llew rnLStees on the b&8is of the ap￿l￿tee'S kllowledge aThl experience to be able to Contribu￿ towards the achievement of tbe chariEYs objectives. REFERENCE AIYD ADMINISTRATIVE DETAILS Registered Compan). nujllber 01345280 (Engjand ar￿ Wales) Registered Charity numbtr 275483 Registered office 79 Holland Park LoDdon W113SW Trnstees Very Rev Fr A B Choma Rev Fr J Lescesen Very Rev Fr M Mativijimskyi Rev Fr E NebEsnLak Very Rev Fr D J Senyk Rlghi Rev K Bishop Nowakow5ki Mr F Kurlak Page I L KIi4ILN"I.4P* RELIGIOL'S SOCIETI. OF ST. SOPHIA LI,NIITED REGISTERED NLLNIBER: 01345280 REPORT OF TIIL TRL'STEES FOR THE YEAR ETh4DED 31ST DECE,NIBER 2(123 REFERENCE ADMI LNISTRATII.'E DET.41tS Company Secretaries Very Rev Fr D J Senyk Rev Fr E Nebesniak Indtpendellt Examiner SptouII & Co. Chartered A¢¢ountsnts First Floor. Jeb5en House 53-61 High Stieet Ruislip Middlesex HA4 7BD CHARITABLE CONTRIBUTIOLN4S DuriTrg the year the company charitable contributions of £13,(KX) (2022 - £16.198) in the furtherance of the charitys objec¢ives. Approved by order of the board of trusiees on I l th April 2024 and sigrKd on its b¢ha]f by.. Very Rev Fr D J Senyk- TnLStee Page 2 LNDEPEP*DENI T ExA￿lINER's REPORT TO THE TRLSTEES OF LK￿￿114LknI RELIGIOLS SOCIETI. OF ST. SOPHL4 LILMITED Independent examiner's report to the trusttts of Ukrainian religious society of St. Sophia Limited ('the Company,) report io the charity tr￿Stee5 on my examination of the arcounts of the Company for the year ended 31st Decetnber 2023. Responsibilitie5 and basis of report As the Charity's trusttts of the Company (and also lis directors for the purp95es of company law) you are responsible for the preparation of the accounts in accordance ￿th the requir¢rr¢nts of the Companies Act 2(H)6 {'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required fo be auditcd under Pan 16 of the 2(x)6 Act and ate eligible for independent examination. I repon in respect of llty examination of your ch8rity's attounts as carried out under Section 145 of the Charitzes Act 2011 I'ihe 2011 AcV)_ In carrytng our my examinatiou I have followed the Dir¢ctions &ven by Charity CoT)unission under Seciion 145{51 Ibl of the 2011 Act. Independent evdminer's Statement I have completed my ¢xarnillation. I confirni tbat no Thlltters have com¢ to my attention in cotm¢ction with the examitfdtion giving me cause to believe.. accounting record5 were not kept in resP¢rt of the Cowy as required by Section 386 of the 2tK)6 Act. or the accounts do not accord with those Tecords" or the accounts do not coryly with the accounting requirerrrnis of Section 396 of the 2006 Act other than ally require1r￿t that the accounts give a true and fait view which i5 not a matter considered a5 pan of an independent examinaiion. or the accounts have not been prepared in accordance with Ehe tnethods a￿1 principles of the Statement of Re¢omnKnded Practice for accounting and reporting by chan.ties (applicable to charities PTeparing thes1 accounts in accordance with the Financial Reponing sta￿ applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have across W other tJV4uers in connection with the examination to which att¢ntion should be drawj in this report in Order to enable a prw uDderswidiog of the accounts to be r¢ache4L Michelle Wickwar A.C.A., F.C.C.A. Sproull & Co. Chartered Accountants First Floor, Jebsen House 53-61 High Street Ruislip Middlesex HA4 7BD 12th Aprzl 2024 Page 3 LK1L41N1A￿ RELIC.IOL'S SOCIETI" OF ST. SOPHIA LiTrll fED ST ATENIENT OF FIN.4P4CLIL ,ICtIl"ITIES FOR THE I"EAR E.NDED 31ST DECEIIBER 2023 2023 Total funds 2022 Total funds iinrestricted funds Restricteil funds INCOME AND ENDOWMEi%TS FROM Donaiions aThJ legacies lJ85 1,385 Other trading activities Investment income Other incorne 149,412 AO.562 3,482 149.412 10,562 3,482 147,406 2.063 2.915 Total 164041 l(J4,841 153,494 EXPENDITURE ON Charitable activities Dona¢ions 13.01)0 13,1100 16,198 Other 54J79 154579 129,555 Total 167J79 167579 145.753 ET INCOMEI{EXPENDITbRE) (2.738) 12,738) 7,741 RECONCILIATION OF FUP*DS Total fijnds" broLtght forward ,028A70 1,028.476 1,020,735 TOTAL FLNDS CARRIED FORWARD 1.1I25.738 ,025,738 1,028,476 The notes forni part of these financial Stsle￿￿nts Page 4 UKiL41NIAIN RELIGIOL'S SOCIETY OF ST. SOPHIA LI,NIITLD REGISTERED )L.NIBER: 01345280 BALA.ICE SHEET 31ST DECED¥lBER 2023 2023 Total futtds 2022 Total funds Unrtstricted funds Re5trictfd funds Note5 FIXED ASSETS Tangible assers 421.126 421.126 422,061 CURRENI T ASSETS Debtors InN'estments Cash at bank and in haThl 4,862 30,260 579,554 4062 30.260 579554 4,658 30,260 577.834 614,676 614,676 612,752 CREDITORS Amounts falling due within year 10 (10.064) (10,064) {6,337) NET CURRETrIT ASSETS 604,612 604.612 606,415 TOTAL ASSETS LESS CURRENT LIABILITIES 1.025.738 1.025,738 1.028,476 NET ASSETS .025.738 1.025,738 1,028,476 Unrestricted funds.. General fund Designated Reserve 830.738 195.000 833,476 195.(100 1.025.738 1,028,476 TOTAI FUNDS 1,(125.738 1,028.476 The charitable company is entitled to exenytion from audit under Section 477 of the Companies Act 2006 for the year ended 3 Ikcernber 2023. The tnetnbers have not requiTed the company to obtsin an audit of its fIna￿la1 sts*nKDts for the year ended 3 1st December 2023 in accordance Section 476 of the Companies Act 21yJ6. The trustees acknowledge their responsibilitie5 for (a) ensuring ihat the charitable COTnpany keeps accouniing records that conwly with Sections 386 and 387 of the Companies Act 2(X)6 and pr¢p&nns finan¢ial 51atenKnts which give a true and fair view of the sta* of affairs of the charitable company as at the end of each financial year and of its surpl￿￿ or deficit for each financial year in accordance the requiternents of Sections 394 and 395 and which otherwise cowtly with the requiren*nts of the Companies Act 2006 relating io financial statenrnts. w far as applicable io the charitsble company. (b) The rLQtes form part of these financial statements Page 5 LKIL4lN41,*N RELIC.IOL:S SOCIETI. OF ST. SOPHIA LINIITED REGISTERED IL.NIBER: 01345280 BALALNCE SHEET- continll 31ST DECEIIIBER 2023 These firknin¢ial State￿Ents have been prepared in accordance with the provi5iofLS applicable to charitsble eumpanie5 Subject to the small companies r¢gime. The financial Statements were approved by the Board of Trustees and authorised lor issue on I lih April 2024 and were signed on its behalf by.. Very Rev Fr D J Senyk- TTr￿1ee ev Fr M Matwiji The T￿teS forni part of these financial state￿￿nts Page 6 LK￿lI.￿lAN RELIGIOUS SOCIETY OF ST. SOPHIA LI.NIITED NOTES TO THE FIN.4NCL4L STATE,NIE.NT5 FOR THE I'EAR F.NDED 31ST DECE.IIBER 2023 ACCOLNTLYG POLICIES Basis of preparing the financlal st￿tementS The financial statements of the ¢tMrithble company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Ststement of Recommended Prdctice applicable to cl]arities preparing their accounts tn accordatKe with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {eff¢riive l January 20191,. Financial Reportlng Siandard 102 Tr Financial Reponing Stalldard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial Sta￿ments have been prepared ￿￿ler the historical cost convention. Income All income is recognised in the Staietnent of Financial Actiyiiies once the chariry has entitlement to the funds., it is probable that the income will be received and the atnouDI can be tne&sured reliably. Expenditure Liabilities are reco gD]5ed as exper￿]￿re as soon there is a legal or constructive obligation ron]milling the Charity to that expe[￿l￿re. it is probable that a transfer of economic benefits w511 be required in settlement and the anxiuni of the obligation ean be n￿Sured reliably. Expenditure is accounted for on an accrua15 basis and has been classified undet headings that aggrega￿ all cost related io the cakg(Trry. Where costs can￿t be directly allributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed *55ets Depreiiation is PrO￿.1(￿d at the following anttual rate5 in order to WTite off each &sset over its estimated usefiLI Freehold property Fixtures fittings depreciation is not provided 15/ooneost LAnd and buildings are Shown ai c05t less any accutnuiated deW￿l&tiOn and any a¢cunvJlated impaitrnent losses. Land and buildin85 are depr￿lated over their eAimatcd use￿1 eCo[￿MiC life after taking the residual value of the assets into C0115ideraiion. The t[￿te¢S con%ider the residual value of the cotnpany's land and buildings to be in exce&5 of the original cost and consequently no depreciation is provided. Th¢ residual value of the compan￿$ a￿ts alld whethtt the Yaiue has l*en impaired are co￿ldered by the tn￿tee& on an annu31 basis. It is the opinion of the t￿￿TeeS that the freehold property is maintained at such a level that its r¢5idual value would be in excets of its original cos4 and hence any depreciaiion charge would be immater￿l. T8xatio The charity is exempt from CoT￿ratIOn lax on its cljatitable activiti¢S. Fund a¢countlDg Unresirieted fun(ts L¥n be used In accordgnce with th¢ clwitsble objectives at the di5cr¢ti¢)tt of th¢ trnstces. Restricted funds can only be ￿ for parttcuiar restricted purp(ws wtthin the objects of the charity. Restrictions arise when specified by the donor or when fiuKk are raEsed for particular resiri¢¢ed purposes. Further explanation of the naiure and purpose of each fund is included in the notes to the financial Statell￿nts. Page 7 LKIL41NI,IN RELIC:IOLS SOCIETI. OF ST. SOPHIA LI.TrIITED NOTES TU THE F￿*￿NCI..*L ST,ITEtyIEITS - continued FOR TEIE I'E.4R E.YDED 31ST DECEIIBER 2023 OTHER TRADIIYG AcfiviTILS 2023 2022 Hostel fees 149,412 147,406 INVESTMEIN T IP4COME 2023 21122 Deposit account interest 10,562 2,063 L¥ET INCOMEI(EXPENDITURE) Net income1(eXpe￿I1ture) is stated after charginW{¢rediiingl". 2023 2022 Depreciaiion- owlled &8sets 935 935 TRUSTEES, REMLYI ERATION BEf*EFITS 2023 2022 Trtsstees, salaries Trusiees, %)cial Security 12JOO 298 9,200 158 12.598 9.358 Trustees, expeTh5e5 One of th¢ tru*ees also acts as Adrninistrator for the charity arKI the salaries noted almive are in relation to th¢ir duiies as Administr&tor. rather than in relation to their role as TTUStee. During the year l (2022 - 1 I was reimbur5¢d expenses totalling £373 (2022 - £875). These ielated to g¢neral administrative and itavelling expenses. STAFF COSTS The average monthly nU￿ber of employe¢s during the year &s follows: 2023 2022 Administration Trustees No employees received en￿lUrne￿ts in ex¢e&s of £(A),IXX). Page 8 UKIL41INI.4N RELIGIOLS SOCIETY OF ST. OPHIA LI.MITED ,NiOTES TO THE FI.NXJCI.4L ST ATEIllE.NTS- coot1th￿d FOR THE YEAR E.)DED 31ST DECE.NIBER 2023 TALNGLBLE FIXED A&SETS Fixtures and ritting$ Freehold propertv Totals COST At I st January 2023 aNI 31st December 2023 417,865 70,1)94 487.959 DEPRECIATIOYI At Isi January ?023 Charge for year 65,898 935 65.898 935 At 3 1st Deeernber 2023 66.833 66.833 NET BOOK VALUE Ai 3 1st December 2023 417065 3,261 421,126 At 3 1st December 2022 417.865 4,196 422,061 DEBTORS: AMOUNTS FALLING DUE WrrHI￿ ONE YEAR 2023 2022 Prepayments 4062 4,658 CL'RRENT ASSET INVESTMEf¥TS 2023 2022 Loan to Orlov 311.260 30,260 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Social 5ecurtty and other ￿eS Ac'ement in funds At 31.12.23 At 1.123 Unrestricted funds General ￿nd Designated Reserve 833,476 195,0110 12.738) 830,738 195,000 1,028.476 (2.738) 1.025,738 TOTAL FUNDS l.Q2&476 (2,738) 1,02S,738 Net movetnent in ZD th¢ atK*ve ate as follows.. Resources expended Movement in funds resollrces Unrestricted funds General Sjnd 164J41 (167579) (2.738) TOTAL FUNDS 164841 (167J79} (2,738) Cojnparatives for movement in funds Ilet ovement in fuDds Transfers between funds At 31.12.22 At 1.1.22 UDrestricted funds General fund Designared Reserve 835.735 185,( 7.741 (io,(MJo) 10.(M)O 833,476 195.000 1.020,735 7.741 1.028,476 TOTAL FUNDS 1,020,735 7,741 1.028,476 CornpaTative net ￿vement in W iticluded in the aiM)ve are Is follows: IDcomiDg Resources eIpended Movement in funds UDrestrlcted funds General fuTrJ 153.494 (145.753} 7,741 TOTAL FUNDS 153.494 1145.7531 7,741 Page 10 L'KKAINI.4,N RELIGIOLS SOCIETY OF ST. SOPHIA LI.¥IITED IOTES TO THE FL)I￿NCIAL ST.4TEIIE.NTS - cont&nued FOR THE YEAR EI)DLD 31ST DECE.IIBER 2023 m0vEL￿lENT FUN4DS-£ontinued A current year 12 moniks and PTior year 12 ￿K>￿th5 combined ￿)SItion is as follow5: Transfers between fund5 movement in funds At 31.12.23 At 1.1.22 Unrestrlcted fund5 General fi]nd Designaied Resetve 835.735 185,0(K) s.￿3 (lo.￿0) 10.000 830,7J8 195,000 1.020.735 5,IK>3 1,025.738 TOTAL FLLYDS 1.020.735 5.(K>3 1.025.738 A ¢urreni year 12 ÉTh)nths and prior yfdr 12 mnths Combined nd nK)ven*nt in fiu)ds. included in the above are as follows.. Incoming rewurees Resources expended Movement in funds L'nrestricted funds General fijnd 318,335 (313J32) 5.003 TOTAL FUNDS 318,335 (313,3321 5.003 The Desigllated Reserve is a fi￿d that has been establrshed to provide fi]nds in order to contribute to the c05t of tnajor renovati(m works thai are aniicipated to arise in the ￿￿jre and are set aside out of current and previous yeats, sutpluse5. 12. RELATED PARTY DISCLOSURES There were rm) related party transactions for the year ended 3 1st December 2023. Pagell