REGISTERED CHARITY NUMBER: 037026
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
THE DNIPRO APPEAL
THE DNIPRO APPEAL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
THE DNIPRO APPEAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 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 charity's objectives are:
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to relieve the poverty, advance the education and promote the welfare of Ukrainian children in need (primarily, but not exclusively, the children of Dnipro) in such ways as are charitable in law
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to support the children and accompanying adults during the period in which they are resident in the United Kingdom or elsewhere and have / have had refugee status
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to support the wider Ukrainian refugee community and those other organisations working to assist Ukrainian refugees in the UK or elsewhere in such ways as are charitable in law
Significant activities
Historically the charity has supported orphans living in Dnipro, Ukraine through the ongoing provision of birthday and Christmas gifts and outings, an annual holiday and ad hoc support in the form of e.g. furniture, clothing, educational supplies, toys and games. Following the Russian invasion of Ukraine in early 2022 the charity continued to support families that remained in Ukraine or evacuated to elsewhere in Europe. However the majority of supported children and house mothers chose to evacuate to the UK in Spring 2022 and the charity has supported them as they adapt to life as refugees.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
In the past year the charity continued to support the Dnipro families and other Ukrainians previously evacuated to Scotland. An area of particular focus this year was to organise more permanent accommodation within Edinburgh and beyond. The charity not only organised accommodation in Edinburgh but were also heavily involved with the Government, local government and support agencies in organising and maintaining the correct support, education and social care in ensuring that the best support was provided.
This included sourcing medium term accommodation, for which the support of several partner agencies is acknowledged and appreciated, in particular Edinburgh College whose continuing support has been essential. The charity also funded daily living costs pending the establishment of more formal benefits arrangements, where required.
The charity remained very "hands on" with both financial and advisory ongoing support, and key committee members providing substantial contributions with their time. The charity also continued its support for displaced Ukrainians in the wider community, and again provided both financial support and time for numerous projects. The levels of support remain both significant and ongoing.
The above activities have been largely achieved by the charity's trustees in a voluntary capacity. It is a testament to all those involved in the charity that they have risen to the challenges, forced upon the charity through the war in Ukraine, and have provided unbelievable support to the displaced Ukrainian people in Scotland. The close relationship that the charity built up with local authorities, schools and support agencies during the past year was a huge factor in maintaining and developing the support that has been provided for the adults, young people and children.
FINANCIAL REVIEW
Financial position
The charity reported a deficit of £26,958 (2024 - £108,661) in the year ended 31 March 2025. At the year end there are unrestricted funds of £431,171 (2024 - £458,129).Included within unrestricted funds is a designated fund of £300,000 at the year end which is set aside to provide funding to rehome Ukrainian families and to support children orphaned by the war.
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THE DNIPRO APPEAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
Principal funding sources
In line with previous years the charity continued to receive regular monthly donations from child sponsors as well as numerous one-off donations from both individuals and organisations. The substantial increase in income experienced in previous years (following the Russian invasion of Ukraine) has not been maintained. However this was expected to be the case and therefore activities were planned with the expectation of reduced funding.
Reserves policy
The Trustees regularly review the charity's reserves. Historically income, expenditure and reserves have all remained fairly constant with the focus having been to enable the charity to continue its operations as normal in the event of a downturn in income. This approach allowed operations to continue uninterrupted during the Covid-19 disruption. During 2022 and 2023 the income received by the charity grew exponentially, as a result of public awareness and generosity following extensive media coverage when several of the supported families were evacuated to the UK following the Russian invasion of Ukraine. With this level of income reducing in 2024/25 as expected, and charity activities continuing to be based on the families' needs, the year resulted in a deficit which has been funded from reserves. Whilst the funds held have therefore reduced, the approach to reserves remains fundamentally the same, namely:
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To enable maximum use of donated funds for charitable purposes, and to maintain administration spending at as low a level as possible
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To make grants to other charitable organisations to support activities aligned with our objectives and aims
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To ensure continuity of operations in the event of large variations in income
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To generate income to support charitable activities
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To hold sufficient reserves as to be able to fund future large expenditure at the time the families are able to return to Ukraine. The nature, amount and timing of future expenditure is unknown at this time given the ongoing war in Ukraine - To hold reserves in cash form with a substantial portion placed in interest-bearing notice accounts. The charity has neither the risk appetite nor operational capacity to make any investments that could place its capital at risk
Additionally the charity assesses all potential spending from the perspectives of value for money, fairness to all our beneficiaries and the long term sustainability of the charity.
FUTURE PLANS
The charity remains committed to supporting both the Dnipro families and broader Ukrainian refugee community. The nature and timing of support has a high degree of uncertainty due to the ongoing war in Ukraine. In the short term the plan is to continue to provide support to the families whilst they remain displaced, primarily in Scotland but also in other countries across Europe. In the longer term the intention will be to support the families in their aspiration to return to Ukraine, however the support required will depend on e.g. what logistical and funding arrangement are made for their return. Additionally, the longer the war and displacement continues so the likelihood of some of the group seeking to remain in Scotland will increase. This intention is reflected in the reserves policy outlined above.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The management committee may at any time appoint anyone to be a trustee. At each annual general meeting, all of the trustees shall retire from office - but shall then be eligible for re-election. At each annual general meeting, the members may elect anyone to be a trustee. Trustees may resign at any time by providing formal notice to the trustees.
Decision making
The management committee hold regular meetings during the period between annual general meetings, and generally control and supervise the activities of the charity. Day to day decisions are primarily taken by the Chair, Vice-Chair or Treasurer (a "sub-committee") in line with their responsibilities, with any extraordinary decisions subject to informal discussion amongst the sub-committee and shared at the next full management committee meeting where required.
Related parties
The charity does not have formal relationships with any third parties. There is, however, close working and ongoing engagement with a number of third parties including local and national government, health, social and educational agencies, all of which are maintained to enable the charity's objectives to be met.
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THE DNIPRO APPEAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. A risk register is maintained and regularly reviewed at committee meetings to support this. The majority of risk management activities are the responsibility of the lead agency (e.g. local council, school management etc.). Where the charity has the lead role, for example outings and events arranged by the charity, a risk assessment is completed and identified risks managed and mitigated.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 037026
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DNIPRO APPEAL
I report on the accounts for the year ended 31 March 2025 set out on pages five to twelve.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
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to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
The Institute of Chartered Accountants of Scotland
Date: .............................................
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THE DNIPRO APPEAL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 2025 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 61,510 Investment income 2 13,981 Other income 1,645 Total 77,136 EXPENDITURE ON Raising funds 384 Charitable activities 3 Relieve poverty, advance the education and promote the welfare of Ukrainian children in need 103,710 Total 104,094 NET INCOME/(EXPENDITURE) (26,958) RECONCILIATION OF FUNDS Total funds brought forward 458,129 TOTAL FUNDS CARRIED FORWARD 431,171 |
2024 Total funds £ 74,292 11,264 988 86,544 34 195,171 195,205 (108,661) 566,790 458,129 |
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The notes form part of these financial statements
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THE DNIPRO APPEAL
BALANCE SHEET 31 MARCH 2025
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Debtors 10 Cash at bank CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 12 Unrestricted funds TOTAL FUNDS |
2025 Total funds £ 12,801 7,470 414,641 422,111 (3,741) 418,370 431,171 431,171 431,171 431,171 |
2024 Total funds £ 16,002 19,582 426,236 445,818 (3,691) 442,127 458,129 458,129 458,129 458,129 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
................................ Trustee
The notes form part of these financial statements
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THE DNIPRO APPEAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, 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 Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
The functional currency of the charity is sterling and rounded to the nearest £.
GOING CONCERN
The financial statements have been prepared on a going concern basis. The trustees have assessed the Charity's ability to continue as a going concern and have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donations are recognised when the charity has received notification of both the amount and settlement date. In the event that a donation is subject to a condition that requires a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and is probable that those conditions will be fulfilled in the reporting period.
Grants received are reflected in the Statement of Financial Activity when relevant conditions have been met, it is probable they will be received, and the amounts can be quantified with sufficient reliability. Where donors specify the grants are for a particular purpose, this income is included in income resources within restricted funds when receivable. Grants of a revenue nature are credited to the Statement of Financial Activities in the period to which they relate. Grant income with specific restrictions on utilisation in terms of timing or service provision are deferred in accordance with the terms provided by the donor as appropriate.
Investment income relates wholly to interest received on bank deposits.
EXPENDITURE
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.
GOVERNANCE COSTS
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fee and costs linked to the strategic management of the charity.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles
- 25% per annum reducing balance
The carrying value of tangible fixed assets is reviewed for impairment on an annual basis.
TAXATION
The charity is exempt from tax on its charitable activities.
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THE DNIPRO APPEAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Within unrestricted funds, there is a designated fund of £300,000 which is set aside to provide funding to rehome Ukrainian families and to support children orphaned by the war.
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.
FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
FINANCIAL INSTRUMENTS
The charity only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
DEBTORS
Short term debtors are recognised at the settlement amount, less any impairment. Prepayments are valued at the amount paid in advance for future periods.
CASH AT BANK AND IN HAND
Cash at bank and in hand includes cash and short term liquid investments with a short maturity of three months or less from date of acquisition or opening of the deposit or similar account.
CREDITORS
Short term creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.
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THE DNIPRO APPEAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 2. INVESTMENT INCOME Deposit account interest 3. CHARITABLE ACTIVITIES COSTS Relieve poverty, advance the education and promote the welfare of Ukrainian children in need Donations paid in year to 31 October: Hibs Community Foundation Perth Kinross Council Donation to family on return to Ukraine Hardship payments sent to Ukraine Edinburgh College 4. SUPPORT COSTS Relieve poverty, advance the education and promote the welfare of Ukrainian children in need 5. OTHER Support costs |
Direct Costs £ 98,733 Finance £ 342 |
|
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6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
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THE DNIPRO APPEAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
6. TRUSTEES' REMUNERATION AND BENEFITS - continued
TRUSTEES' EXPENSES
Expenses paid to the trustees in the year totalled £844 (2024: £2,782). These expenses were made up primarily for the reimbursement of travel expenses for two trustees whilst carrying out charitable activities.
7. STAFF COSTS
| Wages and salaries Social security costs The average monthly number of employees during the year was as follows: Employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Other income Total EXPENDITURE ON Raising funds Charitable activities Relieve poverty, advance the education and promote the welfare of Ukrainian children in need Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 2024 £ £ 18,720 16,255 1,645 988 20,365 17,243 2025 2024 1 1 Unrestricted funds £ 74,292 11,264 988 86,544 34 195,171 195,205 (108,661) 566,790 458,129 |
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8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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THE DNIPRO APPEAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 9. TANGIBLE FIXED ASSETS COST At 1 April 2024 and 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors 12. MOVEMENT IN FUNDS Net movement At 1.4.24 in funds £ £ Unrestricted funds General funds 458,129 (26,958) Designated funds - - 458,129 (26,958) TOTAL FUNDS 458,129 (26,958) Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General funds 77,136 TOTAL FUNDS 77,136 |
Motor vehicles £ 24,000 7,998 3,201 11,199 12,801 16,002 2025 2024 £ £ 7,470 19,582 2025 2024 £ £ 141 91 3,600 3,600 3,741 3,691 Transfers between At funds 31.3.25 £ £ (300,000) 131,171 300,000 300,000 - 431,171 - 431,171 Resources Movement expended in funds £ £ (104,094) (26,958) (104,094) (26,958) |
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THE DNIPRO APPEAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.23 £ Unrestricted funds General funds 566,790 TOTAL FUNDS 566,790 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General funds 86,544 TOTAL FUNDS 86,544 |
Net movement At in funds 31.3.24 £ £ (108,661) 458,129 (108,661) 458,129 Resources Movement expended in funds £ £ (195,205) (108,661) (195,205) (108,661) |
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TRANSFERS BETWEEN FUNDS
Within unrestricted funds, £300,000 has been set aside to provide funding to rehome Ukrainian families and to support children orphaned by the war.
13. RELATED PARTY DISCLOSURES
The charity made payment of £300 to Benchmark Media for the provision of media communications and website support. Benchmark Media Limited is a company in which is a director.
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THE DNIPRO APPEAL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| INCOME AND ENDOWMENTS Donations and legacies Children sponsorship Donations Gift aid Investment income Deposit account interest Other income Employment allowance Total incoming resources EXPENDITURE Raising donations and legacies Sundries Charitable activities Wages Social security Housing expenditure Media and communications Motor expenses Social work support Gifts and presents Travel support Trips and excursions Coach hire Hotels Schools and sports camps and activities Other spend on children and families Appliances and furniture Donations Exchange rate differences Depreciation Support costs Finance Bank charges Governance costs Auditors' remuneration Carried forward |
2025 £ 23,050 30,990 7,470 61,510 13,981 1,645 77,136 384 18,720 1,645 14,883 300 2,637 12,542 5,799 1,615 19,412 1,725 - - 6,102 453 9,700 - 3,200 98,733 342 3,600 3,600 |
2024 £ 16,980 38,177 19,135 74,292 11,264 988 86,544 34 16,255 988 20,429 1,800 6,618 10,600 7,909 18,054 22,883 3,800 10,555 1,811 21,006 8,970 33,200 198 4,000 189,076 639 3,600 3,600 |
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This page does not form part of the statutory financial statements
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THE DNIPRO APPEAL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Governance costs Brought forward Insurance Postage and stationery Sundries Total resources expended Net expenditure |
2025 £ 3,600 550 - 485 4,635 104,094 (26,958) |
2024 £ 3,600 803 90 963 5,456 195,205 (108,661) |
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This page does not form part of the statutory financial statements
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