THE XENOPHON PROTOPAPAS FOUNDATION Charity Accounts

COMPANY REGISTRATION NUMBER: 13788391

CHARITY REGISTRATION NUMBER: 1203850

THE XENOPHON PROTOPAPAS FOUNDATION

Company Limited by Guarantee

Unaudited Financial Statements

31 December 2024

THE XENOPHON PROTOPAPAS FOUNDATION

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2024

	Page

Trustees' annual report (incorporating the director's report)	1

Statement of financial activities (including income and expenditure account)	3

Statement of financial position	4

Notes to the financial statements	5

THE XENOPHON PROTOPAPAS FOUNDATION

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 December 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024 .

Reference and administrative details

Registered charity name	THE XENOPHON PROTOPAPAS FOUNDATION

Charity registration number	1203850

Company registration number	13788391

Principal office and registered	Queens House
office	180 Tottenham Court Road
	London
	W1T 7PD

The trustees

	Mr Georgiou
	Mr A Ioannou
	Mr A S Triteos
	Mr C S Protopapas
	Mr M C Votsis
	Mrs Z Protopapas
	Mr C X Protopapas

Company secretary	Queens House UK Limited

Accountants	V I PARTNERSHIP
	Chartered accountants
	1278 High Road
	London
	N20 9RS

Structure, governance and management

The Xenophon Protopapas Foundation is a company limited by guarantee. It is governed by a Memorandum and Articles of Association The charity is governed by a Board of Trustees Subject to the provisions Act, the memorandum and the articles and to any directions given by special resolution. The business of the Charity is managed by the trustees whom exercise all the powers of the Charity. The Board of trustees also ensure that the funds of the charity are expended in such a manner as they shall consider most beneficial for the achievement of the objects and to invest in the name of the Charity such part of the funds as they may see fit.

Objectives and activities

To provide education, training and grants to individual and organisations which meet the criteria as set out in it's charter.

Achievements and performance

The charity is organising fund raising events for the coming year as well as considering grant applications submitted to them in the last year.

Financial review

The charity has raised money from volunteer donations in previous year. The results for the year show the donations collected.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 23 September 2025 and signed on behalf of the board of trustees by:

Mr A Ioannou

Trustee

THE XENOPHON PROTOPAPAS FOUNDATION

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 December 2024

	2024		2023
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Donations and legacies	5	163,651	163,651	–
		---------	---------	----
Total income		163,651	163,651	–
		---------	---------	----

Expenditure

Expenditure on charitable activities	6,7	115,630	115,630	–
		---------	---------	----
Total expenditure		115,630	115,630	–
		---------	---------	----

	---------	---------	----
Net income and net movement in funds	48,021	48,021	–
	---------	---------	----

Reconciliation of funds

Total funds brought forward	28,246	28,246	28,246
	---------	---------	--------
Total funds carried forward	76,267	76,267	28,246
	---------	---------	--------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

THE XENOPHON PROTOPAPAS FOUNDATION

Company Limited by Guarantee

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Current assets

Cash at bank and in hand	87,477	28,246

Creditors: amounts falling due within one year	10	11,210	–
		--------	--------
Net current assets		76,267	28,246
		--------	--------
Total assets less current liabilities		76,267	28,246
		--------	--------

Funds of the charity

Unrestricted funds		76,267	28,246
		--------	--------
Total charity funds	11	76,267	28,246
		--------	--------

For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

Mr A Ioannou

Trustee

THE XENOPHON PROTOPAPAS FOUNDATION

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Queens House, 180 Tottenham Court Road, London, W1T 7PD.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The guarantee of members is described in its charter and in it's Memorandum of Articles of Association.

5. Donations and legacies

Unrestricted Funds	Total Funds 2024	Unrestricted Funds	Total Funds 2023
£	£	£	£

Donations

Donations	12,936	12,936	–	–
Gala Income	150,715	150,715	–	–
	---------	---------	----	----
	163,651	163,651	–	–
	---------	---------	----	----

6. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2024	Unrestricted Funds	Total Funds 2023
	£	£	£	£
Activity type 1	115,630	115,630	–	–
	---------	---------	----	----

7. Expenditure on charitable activities by activity type

	Activities undertaken directly	Total funds 2024	Total fund 2023
	£	£	£
Activity type 1	115,630	115,630	–
	---------	---------	----

8. Staff costs

The average head count of employees during the year was Nil (2023: Nil).

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

9. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

10. Creditors: amounts falling due within one year

	2024	2023
	£	£
Other creditors	11,210	–
	--------	----

11. Analysis of charitable funds

Unrestricted funds

	At 1 January 2024	Income	Expenditure	At 31 December 2024
	£	£	£	£
General funds	28,246	163,651	(115,630)	76,267
	--------	---------	---------	--------

	At 1 January 2023	Income	Expenditure	At 31 December 2023
	£	£	£	£
General funds	28,246	–	–	28,246
	--------	----	----	--------