REGISTERED COMPANY NUMBER: 01345280 {Englsnd and Wales) REGISTERED CHARITY NUMBER: 275483 RE RT OF THE TRUSTEES AND FINANCIAL ST TEMENT R THE YEAR ENDED 31ST DECEMBER 2024 FOR KRAINIAN RELI us soci SOPHIA LIMITED Sproull & Co. Chartered Accounlants First Floor. Jebsen House 53-61 High Street Ruislip Middlekx HA4 7BD
UKkAINIAN RELIGIOUS SOCIETY OF ST. SOPHIA LIMITED CONTENTS OF THE FINAf*CIAL STATEMEYrs FOR THE YEAR ENDED 31ST DECEMBER 2024 Report of tb¢ Trustees Independent Evrniner's Report St4tement of Fin4ncial Aetiviti¢s Balanee Sbeet 5 to 6 Notes to the Financial Statements 7 to 12
UKRAINIAN RELIGIOUS SOCIETY OF ST. PHIA LIMITED RE TERED NUMBER- 01345280 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 The trustees who are also directors of the ¢harÈty for the purwjses of the Companies Aci 2006, present their report with the financial ststrments of the ¢harity for the year ended 31 g December 2024. The trustres have adopted the provisions of Accounting and Reporting by Charities= Sraiement of Recommended Prnctice applicable to charit1¢5 preparing their accounts in accordance with the Financial Rewrting Sthndard applicable in th¢ UK and Republic of Iland (FRS 102) (effective l January 2019). OWECTIVES AND ACTIVITIES Objectives and 8ims The obj¢¢ts for which the charity is established for the public benefit are to promotr and provide for the advan¢¢ment of education and the education and the teachings of th¢ Ukrainian Catholic religion. Public benefit In deierniining the charitys objectives and planning fvture activities and donation4 the trustees have considetrd the Charity Commis5ion'5 guidanc¢ on public benefii. FINANCIAL REVIEW At the Balance Sheet date the charity had total reseTYes of £1.027,285. The Trle¢S believe this to be an adequate level to fmance the charity's activities for the foreseeable future. Included within Unrestricted Funds is a Des1ed Reserve of £160.(K)O. Further inforniation on these fijnds is detsiled in no* I l. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing doeument The charity is controlled by its governing documenL tts memorJnthJm and articles of SociatIOn ded 5th December 1977, as alnended by special resolution dated 25th March 1998 and consritutrs a lirnitrd company. limited by guarantee. a5 defined by the Companies Act 21)06. Recruitthent and appoitttmeTrt of trusle The existing trustees will appoint new truse$ on the basis of the aPin1¢¢,S knowledge and exttrience to be able to contribuie towards the achievement of the charitys objective& REFERENCE AND ADMINisfRATIVE DETAIIS Registered Company Number 01345280 (England and Wales) Registered Charity number 275483 Registered offe 79 Holland Pa London W113SW Trn5te¢s V¢ry Rev Fr A B Ch(¥na Rev Fr J Les¢esen Very Rev Fr M Matw]jiwskyi MBE Rev Fr E Nebesniak Very Rev Fr D J Senyk Right Rev K Bishop Nowakowski Mr F KuTlak Page I
UKRAINIATr4 RELIGIOLS SOCIETY OF ST. SOPHIA LIMITED REGISTERED NUMBER: 01345280 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Company Secretaries Very Rev Fr D J Senyk Rev Fr E Nebesniak Independent Examiner Sproull & Co. Chartered Accountants First Floor. Jebsen House 53-61 High Stre¢t Ruislip Middlesex HA4 7BD CHARITABLE CONTRIBUTIONS During the year the company made chaTitsble contributions of £15,2W (2023 - £13.0(M)) in the furtheran¢e of the charity's objectives. Approved by order of th¢ board of trustees on 9th May 2025 aTrJ SI on its behalf by." V¢ry Rev Fr D J S¢nyk - Trustee Page 2
INDEPENDEKf EXAMlTrqER'S REPORT TOTHE TR UKRAINIAN RELICIOLS SOCIETY OF 5T. SOPHIA LIMITED TEE Independent exAmineS report to the trnstees of UkrniDian religious soeiety of SL Sophia Limited ('th¢ Comp&ny') I report to the charity tnBtres on my examinion of the a¢¢ourtts of the Company for the year ended 3 1st December 2024. ResponsibilitRe5 and basis of report As the charity's trustees of the Company (and aLso its directots for the PUTP05es of company law) you are responsible for the prepAration of ihe accounts in accordance with the requirements of ihe Companies Act 2(K>6 ('the 2006 Act). Having satisfied myself that the accourts of the C(Nnpany are not required to be audited under Part 16 of the 2006 Act and are eligible for independeni examinaiion, I rewn in re5P¢¢t of my examination of your charity's accounts as carried ollt under Section 145 of the Charities Act 2011 (Ihe 2011 Acf). In cthrrying out my examination I have followed the Direciions given by the Chariry Commission under Section 145(5) (b) of the 2011 ACL Independent exaffjiner's sttement I have completed my examination. I confimi that no rnatters have come to my attention tn Connection with the examination giving m¢ cause to believe: accounting records were not keN in respeci of the CompAny as required by Section 386 of the 2006 ACL or the a¢counts do not accord with those records. or the accounts do not comply with the &counting requirernents of Se¢tion 396 of the 2006 Act other than 8Y requirernent th¢ accounts giv¢ a tnje and fair view which is a matter consider¢d as part of an independent exaTninaiion: or the accounts have not been wepared in accordan¢¢ with the method8 and principles of the Statement of Recommended Prdctice for accounting and reporting by charities (applicable to charities prepartng their accounts in accordance with the Financi Reporting Standard applicable in the UK and Republic of Ir¢iand (FRS 102)). I have no concerns and have COTne across no other n¥tters in Connection with the examination to which attention should be drawi) in this reFK>rt in order w enable a proper unthr5tanding of the ac¢ounts io be reached. Michelle Wickwar A.C.A.. F.C.C.A. Sproull & Co. ChartetEd Accountants First Floor. Jeb5en Hi)use s3] High Street Ruislip Middlesex HA4 7BD 12th May 2025
UKRAINIAN RELIGIOUS SOPHIA LIMIT IETV STATEMENT OF FIP¢ANCIAL AcfiviTIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Total fut)ds 2023 Total fund5 Unrestricted fuNIts Restricted funds Notes INCOME AND ENDOWMEIYTS FROM Donations and legacies iJ80 1,385 Other trading activities Investment income Other incom¢ 164J82 13.739 1,596 164J82 13,739 iJ96 149,412 10.562 3.482 Total I8197 181J97 164,841 EXPENDITURE ON Charitable aetivities Donations 1521)0 IS21XI 13.(K>O 1640x1 164.850 154,579 Total 180.050 180,050 167,579 NET INCOME/(EXPENDITURE) lJ47 1547 (2.738) RECONCILIATION OF FUNDS Total funds brou&hi forward 1.025.738 ,024738 1,028.476 TOTAL FUNDS CARRIED FORWARD 1.027J85 1.027,285 1.025,738 The notes fonn part of these financial statements Page 4
L'KRAINIAN RELIGIOUS SOCtETY OF ST. SOPHIA LIMITED REGISTERED Tr4UMBER: 01345280 BALANCE SHEET 31ST DECEMBER 2024 2024 Total 2023 Total fund5 UDrutricted fund$ R¢stri¢teil fllnd$ Nole5 FIXED ASSETS Tangible &ssets 42&691 42&691 421.126 CURRENT ASSETS Debior5 Investments Cash at bank and in hand 5,489 30,260 567,827 4.862 30,260 579,554 30260 567027 (AW76 603,576 614,676 CREDITORS Amounts falling thie within on¢ year io (4,982) (4,982) (10.064) NET CURREN[ A&SETS 59&594 598J94 604,612 T(YfAL ASSETS LESS CURRENT LIABILITIES 1,027J85 1,027285 1.025.738 NET ASSETS 1.027385 ,027J85 1,025,738 FUNDS Unrestricted funds.. General fund Designaied Reserv¢ 867285 160,0 830.738 195.000 1,027.285 1,025,738 TOTAL FUNDS 1,027385 ,025.738 The charitable company is entitled to exempiion from audit under Section 477 of the Companies Act 2006 for the year ¢nded 31st December 2024. The members hav¢ not required the cornpany to obtsin an audii of its financial statements for the year ended 3 Isi December 2024 tn accordance with Section 476 of the Companie5 Act 26. The twstres acknowledge their reSpOlbilItieS for (a) ensuring that the charitable company keeps acwuniing rordS ¢ompty with Section5 386 and 387 of the Companies Aci 2006 and preparing financial Statements which give a true and fair view of the stste of affairs of the chArilable company as at the end of each financial y¢ar and of its surplus or deficit for each fInala1 year in accordance with the requirements of Sections 394 and 395 and which othenvise comply with the wuirements of the Cornpanies Act 2006 relating to fmancial Statemen so far as applicable to the charttable cotnpany. Ib) The notes forni rAn of these financial st8*ments Page 5
UKRAINIA% RELIGIOUS SOCIETY OF ST. SOPHIA LII¥IITED REGISTERED NUMBER: 01345 BALANCE SHEET- contjDU 31ST DECEMBER 2024 These financial statements have been prepared in ac¢ordan¢e with th¢ provisions appli¢able to charithble companies subject io the small compani¢s regime. Th¢ fan(la1 statements were approv¢d by the Board of Trstee5 and authorised for issu¢ on 9th May 2025 and were signed on its b¢half by- Very Rev Fr D J Senyk- Ttee Very Rev Fr M MatWijiW5kyj The notes fomi w of these financial statrm¢nts
UKRAINIAN RELIGI SOPHIA LIMITED S SOCIETY OF ST. NOTES TO THE FINAYCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLICIES Basi5 of preparing the financial ststements The fujancial statements of the ¢haritsble company. Mthich is a public benefit entity under FRS 102. have been prepared in accordance with ihe Charities SORP (FRS 102) 'Accounting and RertIng by Charities". Ststement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {effective l January 2019),, Financial Reporting Siandard 102 The Financial Rew)rting Standard app]lble in the UK and Rwblic of Irelan(r and the Companies Act 201x5. Th¢ fllwicial ststernents have been prepfir¢d under the hisiorical cost conveniiorL Income All income is recognised in the Statement of Financial Activities once the charity has entitlement lo the fijnds. it is probable that the inc¢)me will be received and the amour]t can be measured reliably. Eipenditure Liabilitie5 are recognised exndItre as sn th¢ft is a lewdl or constru¢tive obligation committing th¢ charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be me&%ur¢d reliably. ExnditUre is accounted for on an accrua15 basis and has been classified under heading5 aega all cost related to the category. Where ¢05ts cannot b¢ directly attributed to particular headings they have all¢xated to activities on a basis consist¢nt with the use of resources. Tgngible fixed gssets Depreciation is provided at th¢ following annual tat¢s ¢)rder io WTile off ea¢h asset over its estimat¢d usefvl life. Freehold property and improvem¢nts Fixtures and fittings depreciation is not provithd 15% on cost Land and buildings are shown at cost le55 any accUmUd deprectation aNI any accumulated impaimient losses. Land and buildings are deweciated over their estimated useful ¢conomic life after taking the r¢5idual value of the asgets inio corjsideration. The trustees Consider the residual value of the CoMpanS land and buildings to be in excess of the orig1] cosi and consequenity no depreciation is provide The residual value of the company'5 assets and whether the value h&s been impaired are considetEd by th¢ twsiees on an annual basis. It is the opinion of the trus*es thai the fr¢ehold property is maintained at such a l¢vel that Tts residual value would be in excess of its original cos¢ and hence any deprxiation char8e would be IMMerial. Taxatk)o The charity is exempt from corFx)ration tax on its charitable activiiies. FuTrd aecounting Unrestricted funds can be 8¢d in accordance with the charitable objectives at the dis¢retion of the tnL5tees. Re5tri¢ted fimds can onty be used for rffjrticular restricted within the objects of the Charity. Restrictions arise when specified by the donor or when fund5 are raised for particular restricted purpose& Further explanlon of the nabjre and purw of each fiind is included in the no to the fitjancial statements. Page 7
UKRAINIA Tr* RELICIO SOPHIA LIMITED IETY NOTES TO THE FINANCIAL STATEVIEYTS- eotttSDued FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLICIES- continued Pengion costs aDd other t-retirement bener The clritable company Contribut lo personal peJLsion schemes for its employeek The assets of the schemes are held independently of the charitsble comwy by an insurdnce company. Contributions payable to the charitable CoMpanS pension scheme are charged to the Statement of Financial Activities in the year to which they relaie. OTHER TRADING AcfIviTIES 2024 2023 Host¢l fees 164J82 149,412 INVESTMENT INCOME 2024 2023 DewTrsit account inierest 13,739 10.562 NET INCOMEI(EXPENDITURE) Net incom¢llexpenditure) is stsred after chargingl(creditiDg): 2024 2023 Ikpreciation- owned assets 935 935 TRUSTEES, REMUNERATION AND BEIYEFITS 2024 2023 TnLSt¢es' 58lari¢s Trust¢es' social security Tntees, pensions paid 13J15 268 169 12,300 298 13,752 12,598 Trn$ttts' expenses One of the tnte¢S aLso acts Is Athninistraior for the charity and the salaries noted aknve are in relation to their dutie5 &8 Admintstrdtor. rather than in relation to their rol¢ as TnLSt¢e. During the year 2 (2023 - 1) IriL%tees w&5 reimbursed expenses totslling £3.899 (2023 - £373). These related io general administrative and trav¢lling expetL8e& Pag¢ 8
UKRAif*lAN RELIGIOUS SOCIETY OFST. SOPHIA LIMITED r4oTES TO THE FINANCIAL STATEME FOR THE YEAR EN'DED 31ST DECEMBER 2024 STAFF COSTS The average monthly number of employees during the year as follows.. 2024 2023 AdrniThistration Tnte¢S No employees received emoluments in excess of £.{)0. TANGIBLE FIXED ASSETS Freehold property nd improvements Fixtures and fittings Totsls COST At I st January 2024 AdditiOllS 417.865 70,(P)4 487,959 500 At 3 1st December 2024 426J65 70,094 496,459 DEPRECIATION At I st January 2024 Charge for year 66.833 9J5 66833 935 At 3 1st December 2024 67.768 67,768 NET BOOK VALUE Al 3 1st December 2024 426J65 2J26 428.691 At 3 1st December 2023 417.865 3261 421.126 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayrn¢nts 4,862
UKRAtNIAli RELIGIOUS SOCIETY OF ST. SOPHIA LIMITED NOTES TO THE FIYANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 CURRENT ASSET INVESTMENTS 2024 2023 Loan io Orlov 30360 30,260 io. CREDITORS: AMOUMS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other laxes Other crediiors Accnjed eXSe$ 1,304 470 8,700 4,982 10,064 ii. MOVEMENT IN FUNDS Net ovement funds Tr*n5fers between funds At 31.12.24 At 1.1.24 Unrestricted funds General fund Designatrd R¢serYe &70.738 19SO(K) lJ47 35.OIMI (35.iMIO) 867285 160.000 1.025,738 1547 1,027285 TOTAL FUNDS 1,025.738 1347 1,027,285 Nei movernent in funds. included in the above are as follows: Incoming resources Resourees expended Movement in fund5 Unrfstrieted funds General fund 181 J97 (180,050) lJ47 TOTAL FUNDS 181597 (180,050) 1,547 Page 10
KRAINIAN RELIGIOUS SOPHIA LIMITED IETY OF ST. NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 MOVEMEKf IN FUNDS- continued Comparatives for movement In fuDds Net MoVemet in funds At Jl.12.23 At 1.1.23 UDf¢stric¢¢d funds Generat fund Designated Reserve 833.476 195,O¢X) (2,738) 830,738 195,0(J) 1.028.476 (2,738) .025.738 T(yfAL FUNDS 1.028.476 (2,738) 1.025,738 Comparative net movement in fi included in the above aTe as follows: Incoming resourres Resour¢e5 expended Movement In funds Unrestrleted fllnds General fimd 164,841 (167.579) (2,738) TOTAL FUNDS 164.841 (167.579) {2,738) A current year 12 months and prior year 12 Mon c(xnbined position is &5 follows.. Nel movement ID fund$ Tramfers tWttD At 31.12.24 At 1.123 Unrestricted funds G¢neral filnd D¢signated Reserve 833,476 195.0(Kl (1,191) 35,1)00 (35,(K)O) 867.285 160,0(M) 1,028,476 (1,191) 1,027,285 TOTAL FUNDS 1,028.476 (1,191) 1,027285 Pagell
UKRAINIAN RELIGIOUS SOCIETY OF ST. SOPHIA LI,MITED NOTES TO THE FINANCIAL sfATEMI ENIS- continu¢d FOR THE YEAR ENDED 31ST DECEMBER 2024 MOVEMENT IN FUNDS- ¢ontiDue¢J A current year 12 mnths aNI prior year 12 montlLS combined net movement in funds. included in the above are &8 follows.. Resources expended Movement in funds Ttsources Unrestrieted funds General fund 346.438 (347,629) (1,191) TOTAL FUNDS 346.438 (347.629) The Designatrd Reserve is a fund thai has E*en estsblished to provide fi]nd5 tn order to corttribut¢ to the cost of major renovaiion work8 are an1icipad io arise in the fiMure and are set aside out of Current and pr¢vious years, SUTpluse& 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year end¢d 3 1st December 2024. Page 12