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REGISTERED COMPANY NUMBER: 07121486 (England and Wales)
REGISTERED CHARITY NUMBER: 1135903















Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31st December 2023

for

The St. Peter Foundation For Research,
Development and Innovation Limited

The St. Peter Foundation For Research,
Development and Innovation Limited






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Report of the Trustees 1

Statement of Financial Activities 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 9

The St. Peter Foundation For Research,
Development and Innovation Limited (Registered number: 07121486)

Report of the Trustees
for the Year Ended 31st December 2023


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 31st December 2023. 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07121486 (England and Wales)

Registered Charity number
1135903

Registered office
272 Regents Park Road
London
N3 3HN

Trustees
P Erochkine Advisor
Ms I Eroshkina Psychologist

Company Secretary
P Erochkine

Approved by order of the board of trustees on 4th February 2025 and signed on its behalf by:





P Erochkine - Trustee

The St. Peter Foundation For Research,
Development and Innovation Limited

Statement of Financial Activities
for the Year Ended 31st December 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   

EXPENDITURE ON
Raising funds 2 - 201


Other 200,079 91,241
Total 200,079 91,442

NET INCOME/(EXPENDITURE) (200,079 ) (91,442 )


RECONCILIATION OF FUNDS
Total funds brought forward 529,322 620,764

TOTAL FUNDS CARRIED FORWARD 329,243 529,322

The St. Peter Foundation For Research,
Development and Innovation Limited (Registered number: 07121486)

Balance Sheet
31st December 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 7 8,718 9,531

CURRENT ASSETS
Debtors 8 160,000 160,000
Cash at bank 163,717 362,984
323,717 522,984

CREDITORS
Amounts falling due within one year 9 (3,192 ) (3,193 )

NET CURRENT ASSETS 320,525 519,791

TOTAL ASSETS LESS CURRENT
LIABILITIES

329,243

529,322

NET ASSETS 329,243 529,322
FUNDS 10
Unrestricted funds 329,243 529,322
TOTAL FUNDS 329,243 529,322

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.


The St. Peter Foundation For Research,
Development and Innovation Limited (Registered number: 07121486)

Balance Sheet - continued
31st December 2023

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 4th February 2025 and were signed on its behalf by:





P Erochkine - Trustee

The St. Peter Foundation For Research,
Development and Innovation Limited

Notes to the Financial Statements
for the Year Ended 31st December 2023

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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



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.

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. RAISING FUNDS

Raising donations and legacies
2023 2022
£    £   
Support costs - 201


The St. Peter Foundation For Research,
Development and Innovation Limited

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 2,210 2,471

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.


Trustees' expenses

There were no trustee's expenses paid for the year ended 31st December 2018 nor for the year ended 31st December 2017 with exception to those noted in note 11.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

2023 2022
Staff - 2

No employees received emoluments in excess of £60,000.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   

EXPENDITURE ON
Raising funds 201


Other 91,241
Total 91,442

NET INCOME/(EXPENDITURE) (91,442 )


RECONCILIATION OF FUNDS
Total funds brought forward 620,764

TOTAL FUNDS CARRIED FORWARD 529,322

The St. Peter Foundation For Research,
Development and Innovation Limited

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

7. TANGIBLE FIXED ASSETS
Short Computer
leasehold equipment Totals
£    £    £   
COST
At 1st January 2023 2,405 9,789 12,194
Additions - 1,397 1,397
At 31st December 2023 2,405 11,186 13,591
DEPRECIATION
At 1st January 2023 216 2,447 2,663
Charge for year 25 2,185 2,210
At 31st December 2023 241 4,632 4,873
NET BOOK VALUE
At 31st December 2023 2,164 6,554 8,718
At 31st December 2022 2,189 7,342 9,531

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 160,000 160,000

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1
Other creditors 312 312
Accrued expenses 2,880 2,880
3,192 3,193

10. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 529,322 (200,079 ) 329,243

TOTAL FUNDS 529,322 (200,079 ) 329,243

The St. Peter Foundation For Research,
Development and Innovation Limited

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

10. 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 - (200,079 ) (200,079 )

TOTAL FUNDS - (200,079 ) (200,079 )


Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 620,764 (91,442 ) 529,322

TOTAL FUNDS 620,764 (91,442 ) 529,322

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund - (91,442 ) (91,442 )

TOTAL FUNDS - (91,442 ) (91,442 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.1.22 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 620,764 (291,521 ) 329,243

TOTAL FUNDS 620,764 (291,521 ) 329,243

The St. Peter Foundation For Research,
Development and Innovation Limited

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund - (291,521 ) (291,521 )

TOTAL FUNDS - (291,521 ) (291,521 )

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st December 2023.