REGISTERED COMPANY NUMBER: 01817698 (England and Wales) REGISTERED CHARITY NUMBER: 289572
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
FOR
LONDON LYCEUM OF GREEK WOMEN (A COMPANY LIMITED BY GUARANTEE)
G. George Associates Limited Chartered Certified Accountants
12 Gateway Mews Ring Way London N11 2UT
LONDON LYCEUM OF GREEK WOMEN
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
LONDON LYCEUM OF GREEK WOMEN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 December 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The company's objects and principal activities are to advance the education of the public and in particular of Greek Nationals in Great Britain by promoting the study of Greek art, drama, dance, literature, history, customs and traditions.
The main objectives and activities for the year continued to focus upon the promotion of Greek art, drama and dance and to make this available to the wider public.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The main areas of charitable activity are the provision of social functions and events to promote and raise the profile of Greek art and culture.
FINANCIAL REVIEW
The net incoming surplus for the year amounted to £15,131 (2024 - surplus £5,014).
The directors recommend the surplus should be transferred to general reserves.
The directors carried out a detailed review of the charity's activities and believe that the charity must make greater efforts to raise its fund-raising profile and secure increased membership in the current year ending 31 December 2026.
Therefore strenuous efforts will be made in 2026 for attracting more donations and sponsorships from corporate and private individuals.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 18 May 1984 and registered as a charity on 4 July 1991. The company was established under a Memorandum which establishes the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up the maximum liability of each of its members is limited to £5 each.
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purpose of charity law and under the company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of one year after which one third of the members must be re-elected at the next Annual General Meeting.
The following directors retire by rotation and, being eligible, offer themselves for re-election at the forthcoming 2026 Annual General Meeting:
Pigi Skiniti
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 01817698 (England and Wales)
Registered Charity number
289572
Page 1
LONDON LYCEUM OF GREEK WOMEN
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 December 2025
Registered office
The Hellenic Centre 16-18 Paddington Street London W1U 5AS
Trustees
Ms E Ellinikaki (resigned 1.4.26) Ms K Jeffrey (resigned 27.11.25) Ms E A Papagiannopoulou Ms L C Pateras (resigned 11.11.25) Ms P Skiniti Ms M Skyllas (resigned 8.1.26) Ms N Skyllas (resigned 1.5.25) Ms A Tassopoulou (resigned 1.5.25) Ms A Williams Ms O Zambakides Ms K Sonidou Ms A Spanopoulou Ms A Apostolopoulou Ms C Vagioti (appointed 1.5.25) Ms M Psoma (appointed 1.5.25)
Company Secretary Ms E A Papagiannopoulou
Independent Examiner
Philip Onissiphorou BA (Hons) FCCA FCA G. George Associates Limited Chartered Certified Accountants 12 Gateway Mews Ring Way London N11 2UT
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 19 August 2026 and signed on its behalf by:
Ms A Williams - Trustee
Page 2
INDEPENDENT EXAMtNER'S REPOR T TO THE TRUSTEES OF LONDON LYCELM OF GREEK WOMEN Independent emIne5 report to the tnMtee$ of IA)ndon Lyceum OfGreek Women ethe Companyry I report tothe ehsrity trustee5 on my examin10 of the a¢4owJts of the Company for ¢h¢ yLxr ended JI De¢¥mber 2025. Re4xbDsibilitie5 Ènd bAsis ofreport As the charitys tnL8tees of ihe Company (and also it5 dircctors for the puSe$ of company law) you a respojksible f the pparatIOn of ihe accounts in COrd¥Ce with th¢ requirements ofthe CfjmJMnies Aci 21106 {thc 2006 Actr). Having satisfied myself that the ac£ounts of the Company are rtot tyquired to be audited under Part 16 of the 2006 Act and are eligible for indyndcnt examinatiott. I report in respect of my examinatton of your charity's xcounts as carried ut und¢r Section 145 of the Charities Aci 2011 I'the 2011 Act'l. In catr)'ing out my examinatk)n f hAve followed th¢ Dircdions given by the Chgriry Commission under Section 145{51 Ibl of thc 201 l ACL Ind¢peMdenl exAmIne$ stt¢ment I have completed my ¢xamination. I confmn that matters have come to my attention in connection with the xarnination grving me caus¢ to believe: ec4)untKng records were not kept in respect of the Company 4s required by Secuon 386 of Ihe 2006 ACL or the accounts dts nLrt accordwith those records; or the a¢c<)unts do not Comply with the accounting requiremen$ of Section 396 of ihe 2{6 Aci other than any requirement th&t the accots give a true and fair view which 15 not a matter considered ag p8rt of an independent examin10n. or a£counL¥ have not be¢n prepared iti accordance wth the methods and principles of the Statement of Rccommcnded Practice for ¥o)unting and reporting by clwtties {applitable to charitics preparing their a¢¢ounts in cc>rda with thc Fitwi¢ial Reporting S(and8 applicabl¢ in thr LX. and Republic of Ireland IFRS 1021). I hav¢ no coneems and have come across no other matt% irt wnAeetion with the ex#mtnation TO which att¢niion b¢ drawn in dus report in order to enable a proper understandin80(thc accounts to be re&hed. Philip Onissiphorou BA IHoThs) FCCA FC.A G. George Associates Limiied Chartered Certified Accountatjts 12 GaM¥ay MeTh Loll NII 2UT Date.. 19 AugLLSt 2026 ' Pag¢ 3
LONDON LYCEUM OF GREEK WOMEN
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 December 2025
| 31.12.25 | 31.12.24 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 2 | 7,900 | 3,370 |
| Charitable activities | 3 | ||
| Functions and social events | 14,915 | 17,291 | |
| Printing and publishing | 374 | 458 | |
| National dancing and costumes | 51,239 | 33,780 | |
| Other income | 1,024 | 1,097 | |
| Total | 75,452 | 55,996 | |
| EXPENDITURE ON | |||
| Charitable activities | 4 | ||
| Functions and social events | 10,782 | 15,891 | |
| National dancing and costumes | 44,179 | 29,539 | |
| Other | 5,360 | 5,552 | |
| Total | 60,321 | 50,982 | |
| NET INCOME | 15,131 | 5,014 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 52,723 | 47,709 | |
| TOTAL FUNDS CARRIED FORWARD | 67,854 | 52,723 | |
The notes form part of these financial statements
Page 4
LONDON LYCEUM OF GREEK WOMEN
BALANCE SHEET
31 December 2025
| 31.12.25 | 31.12.24 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 69,654 | 54,223 | |
| CREDITORS | |||
| Amounts falling due within one year | 8 | (1,800) | (1,500) |
| NET CURRENT ASSETS | 67,854 | 52,723 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 67,854 | 52,723 | |
| NET ASSETS | 67,854 | 52,723 | |
| FUNDS | 9 | ||
| Unrestricted funds | 67,854 | 52,723 | |
| TOTAL FUNDS | 67,854 | 52,723 | |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 19 August 2026 and were signed on its behalf by:
Ms A Williams - Trustee
Ms P Skiniti - Trustee
The notes form part of these financial statements
Page 5
LONDON LYCEUM OF GREEK WOMEN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable 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: 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
This represents subscriptions and donations receivable together with the gross receipts from ticket sales and various functions/activities.
(a) Income Resources:
All incoming resources are included in the Statement of Financial Activities (SoFA) when: the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to the particular categories of income.
- Subscriptions
This represents subscriptions receivable from individuals and corporate members during the year. Life subscriptions are recognized in full in the year of receipt.
- Investment income
This is included in the accounts when receivable.
- Incoming resources with related expenditure
Where incoming resources have related expenditure (as with fundraising) the incoming resources and related income are reported gross in the SoFA.
- Grants and donations
Grants and donations are only included in the SoFA when the Charity has unconditional entitlement to the resources.
Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. All direct costs are allocated between the expenditure categories of the SoFA on the basis designed to reflect the use of the resources.
-
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its members.
-
Support cost management comprise those costs which cannot be allocated directly to a particular activity.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the 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 measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
Page 6
LONDON LYCEUM OF GREEK WOMEN
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 December 2025
1. ACCOUNTING POLICIES - continued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| 31.12.25 | 31.12.24 | ||
|---|---|---|---|
| £ | £ | ||
| Donations | 7,900 | 3,370 | |
| 3. | INCOME FROM CHARITABLE ACTIVITIES | ||
| Charitable events and | 31.12.25 Functions National and Printing dancing social and and Total events publishing costumes activities £ £ £ £ |
31.12.24 Total activities £ |
|
| functions | 14,915 374 51,239 66,528 |
51,529 | |
| 4. | CHARITABLE ACTIVITIES | COSTS | |
| Functions and social events | Direct Costs £ 10,782 |
||
| National dancing and costumes | 44,179 | ||
| 54,961 | |||
| 5. | SUPPORT COSTS | ||
| Other resources expended | Management Finance £ £ 5,358 2 |
Totals £ 5,360 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.
continued...
Page 7
LONDON LYCEUM OF GREEK WOMEN
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 December 2025
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |||||
|---|---|---|---|---|---|
| fund | |||||
| £ | |||||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 3,370 | ||||
| Charitable activities | |||||
| Functions and social events | 17,291 | ||||
| Printing and publishing | 458 | ||||
| National dancing and costumes | 33,780 | ||||
| Other income | 1,097 | ||||
| Total | 55,996 | ||||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Functions and social events | 15,891 | ||||
| National dancing and costumes | 29,539 | ||||
| Other | 5,552 | ||||
| Total | 50,982 | ||||
| NET INCOME | 5,014 | ||||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 47,709 | ||||
| TOTAL FUNDS CARRIED FORWARD | 52,723 | ||||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| Accrued expenses | 31.12.25 £ 1,800 |
31.12.24 £ 1,500 |
|||
| 9. | MOVEMENT IN FUNDS | ||||
| Unrestricted funds | At 1.1.25 £ |
Net movement in funds £ |
At 31.12.25 £ |
||
| General fund | 52,723 | 15,131 | 67,854 | ||
| TOTAL FUNDS | 52,723 | 15,131 | 67,854 | ||
continued...
Page 8
LONDON LYCEUM OF GREEK WOMEN
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 December 2025
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 75,452 | (60,321) | 15,131 |
| TOTAL FUNDS | 75,452 | (60,321) | 15,131 |
| Comparatives for movement in funds | |||
| Unrestricted fund | At 1.1.24 £ 47,709 |
Net movement in funds £ 5,014 |
At 31.12.24 £ 52,723 |
| TOTAL FUNDS | 47,709 | 5,014 | 52,723 |
| Comparative net movement in funds included in the above are as follows: | |||
| Unrestricted fund | Incoming resources £ 55,996 |
Resources expended £ (50,982) |
Movement in funds £ 5,014 |
| TOTAL FUNDS | 55,996 | (50,982) | 5,014 |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Unrestricted fund | At 1.1.24 £ 47,709 |
Net movement in funds £ 20,145 |
At 31.12.25 £ 67,854 |
| TOTAL FUNDS | 47,709 | 20,145 | 67,854 |
continued...
Page 9
LONDON LYCEUM OF GREEK WOMEN
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 December 2025
9. MOVEMENT IN FUNDS - continued
Net movement in funds included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted fund | 131,448 | (111,303) | 20,145 |
| TOTAL FUNDS | 131,448 | (111,303) | 20,145 |
10. RELATED PARTY DISCLOSURES
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.
11. CONTINGENT ASSET
A donation of £130,000 was made to the Hellenic Community Trust during 1992 under the terms of a trust deed, dated 24th June 1992, whereby the London Lyceum of Greek Women will be entitled to occupy rooms in the building, owned by the Hellenic Community Trust, known as 16-18 Paddington Street, London, W1U 5AS.
A further donation of £20,000 was made upon actual occupation of the rooms during 1994, and this payment has therefore ended the Lyceum's liability under the said trust deed. If the building should cease to be occupied by the Hellenic Community Trust for charitable purposes, or the Hellenic Community Trust should cease to be registered as a charity, or the London Lyceum of Greek Women should cease to be registered as a Charity, or if the Hellenic Community Trust passes a special resolution specifying its termination, the trust period will come to an end.
Upon the last day of the trust period, the London Lyceum of Greek Women will be entitled to receive either 10% of the trust fund or 10% of the net asset value of the Hellenic Community Trust, whichever is the lesser, provided that the London Lyceum of Greek Women is registered as a charity as of that date.
Page 10
LONDON LYCEUM OF GREEK WOMEN
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|
| FOR THE YEAR ENDED 31 December 2025 | ||
| 31.12.25 | 31.12.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 7,900 | 3,370 |
| Charitable activities | ||
| Charitable events and functions | 66,528 | 51,529 |
| Other income | ||
| Members' subscriptions | 1,024 | 1,097 |
| Total incoming resources | 75,452 | 55,996 |
| EXPENDITURE | ||
| Charitable activities | ||
| Charitable events and functions | 54,961 | 45,430 |
| Support costs | ||
| Management | ||
| The Hellenic Centre overheads | 2,890 | 3,266 |
| Software and data costs | 294 | 420 |
| Sundries | 34 | 13 |
| Accountancy fees | 1,800 | 1,500 |
| Subscriptions | 340 | 300 |
| Finance | 5,358 | 5,499 |
| Bank charges | 2 | 53 |
| Total resources expended | 60,321 | 50,982 |
| Net income | 15,131 | 5,014 |
This page does not form part of the statutory financial statements
Page 11