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REGISTERED COMPANY NUMBER: 05730024 (England and Wales)
REGISTERED CHARITY NUMBER: 1120272














Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Omonia Youth (UK) Limited

Omonia Youth (UK) Limited

Contents of the Financial Statements
for the Year Ended 30 June 2024










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 9

Omonia Youth (UK) Limited (Registered number: 05730024)

Report of the Trustees
for the Year Ended 30 June 2024



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 30 June 2024. 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
The Charity is governed by its Memorandum and Articles of Association. Its objects are to provide facilities for healthy recreation and sport for young people between the ages of 6 to 18.

Once the charity obtained its charitable status, it took over the activities of Omonia Youth (UK), a youth club, with similar objects. All the assets were donated from that club to the new charity on the understanding that the charity would continue to provide similar facilities and recreation as the old club.

Under the Memorandum and Articles of Association, the charity has the power to make any investments which the trustees see fit.

FINANCIAL REVIEW
Financial position
The statement of financial activities for the period is set out on page 4 of the financial statements. The trustees are optimistic that the following years will generate similar incoming resources.

The policy of the trustees is to continue to maintain unrestricted reserves at a reasonable level to fulfil the objects of the charity and to provide these facilities for healthy recreation in subsequent years. The charity should have minimum reserves of six months' worth of expenditure. It is also their policy to try to build up reserves when an opportunity arises for the charity to acquire its own ground and provide even better facilities for these youngsters and that the charity has sufficient reserves to be in a strong position to take advantage of these opportunities.
As at 30 June 2023 readily accessible reserves of the charity were £141,162 (2022: £135,800) in the form of cash, as shown on the balance sheet.

The trustees actively review the major risks faced by the charity and confirm that they have established systems to mitigate financial risks.

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
05730024 (England and Wales)

Registered Charity number
1120272

Registered office
Woodgate House
2-8 Games Road
Cockfosters
Hertfordshire
EN4 9HN

Trustees
A Antoniou
J Castignetti
A P Charalambous
E Constanti
K Kyprianou
N C Zimaras
M Pieri
D Shiamishis



Omonia Youth (UK) Limited (Registered number: 05730024)

Report of the Trustees
for the Year Ended 30 June 2024


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 9 June 2025 and signed on its behalf by:





D Shiamishis - Trustee

Independent Examiner's Report to the Trustees of
Omonia Youth (UK) Limited


Independent examiner's report to the trustees of Omonia Youth (UK) Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Michael Omiros FCCA



Date: .............................................

Omonia Youth (UK) Limited

Statement of Financial Activities
for the Year Ended 30 June 2024

30.6.24 30.6.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies - 2,089

Charitable activities 4
Income from charitable activities 125,765 147,257

Other trading activities 2 12,591 11,707
Investment income 3 - 453
Total 138,356 161,506

EXPENDITURE ON
Charitable activities
Expenditure on Charitable activities 112,327 146,904

Other 5,755 9,241
Total 118,082 156,145

NET INCOME 20,274 5,361


RECONCILIATION OF FUNDS
Total funds brought forward 141,161 135,800

TOTAL FUNDS CARRIED FORWARD 161,435 141,161

Omonia Youth (UK) Limited (Registered number: 05730024)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 191,020 141,161

CREDITORS
Amounts falling due within one year 8 (29,585 ) -

NET CURRENT ASSETS 161,435 141,161

TOTAL ASSETS LESS CURRENT LIABILITIES 161,435 141,161

NET ASSETS 161,435 141,161
FUNDS 9
Unrestricted funds 161,435 141,161
TOTAL FUNDS 161,435 141,161

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 9 June 2025 and were signed on its behalf by:





D Shiamishis - Trustee

Omonia Youth (UK) Limited

Notes to the Financial Statements
for the Year Ended 30 June 2024


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
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.

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.


Fixtures and fittings - 33% on cost

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.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. OTHER TRADING ACTIVITIES
30.6.24 30.6.23
£    £   
Tournament income 12,591 11,707


Omonia Youth (UK) Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. INVESTMENT INCOME
30.6.24 30.6.23
£    £   
Deposit account interest - 453

4. INCOME FROM CHARITABLE ACTIVITIES
30.6.24 30.6.23
Activity £    £   
Sponsorship Income from charitable activities 5,139 7,977
Subscriptions Income from charitable activities 120,626 138,280
Grants Income from charitable activities - 1,000
125,765 147,257

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.


6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,089

Charitable activities
Income from charitable activities 147,257

Other trading activities 11,707
Investment income 453
Total 161,506

EXPENDITURE ON
Charitable activities
Expenditure on Charitable activities 146,904

Other 9,241
Total 156,145

NET INCOME 5,361


RECONCILIATION OF FUNDS
Total funds brought forward 135,800

TOTAL FUNDS CARRIED FORWARD 141,161

Omonia Youth (UK) Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


7. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023 and 30 June 2024 4,484
DEPRECIATION
At 1 July 2023 and 30 June 2024 4,484
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Accruals and deferred income 29,585 -

9. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 141,161 20,274 161,435

TOTAL FUNDS 141,161 20,274 161,435

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 138,356 (118,082 ) 20,274

TOTAL FUNDS 138,356 (118,082 ) 20,274


Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 135,800 5,361 141,161

TOTAL FUNDS 135,800 5,361 141,161

Omonia Youth (UK) Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


9. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 161,506 (156,145 ) 5,361

TOTAL FUNDS 161,506 (156,145 ) 5,361

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

Net
movement At
At 1.7.22 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 135,800 25,635 161,435

TOTAL FUNDS 135,800 25,635 161,435

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 299,862 (274,227 ) 25,635

TOTAL FUNDS 299,862 (274,227 ) 25,635

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.