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 2024

for

The St. Peter Foundation For Research,

Development and Innovation Limited

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 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 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).

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 29th October 2025 and signed on its behalf by:

P Erochkine - Trustee

2024

2023

Unrestricted

Total

fund

funds

Notes

£

£

EXPENDITURE ON

Other

166,440

200,079

NET INCOME/(EXPENDITURE)

(166,440

)

(200,079

)

RECONCILIATION OF FUNDS

Total funds brought forward

329,243

529,322

TOTAL FUNDS CARRIED FORWARD

162,803

329,243

2024

2023

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

5

8,162

8,718

CURRENT ASSETS

Debtors

6

160,000

160,000

Cash at bank

953

163,717

160,953

323,717

CREDITORS

Amounts falling due within one year

7

(6,312

)

(3,192

)

NET CURRENT ASSETS

154,641

320,525

TOTAL ASSETS LESS CURRENT LIABILITIES

162,803

329,243

NET ASSETS

162,803

329,243

FUNDS

8

Unrestricted funds

162,803

329,243

TOTAL FUNDS

162,803

329,243

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 29th October 2025 and were signed on its behalf by:

P Erochkine - Trustee

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.	NET INCOME/(EXPENDITURE)

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

2024

2023

£

£

Depreciation - owned assets

2,031

2,210

3.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023.

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.

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

EXPENDITURE ON

Other

200,079

NET INCOME/(EXPENDITURE)

(200,079

)

RECONCILIATION OF FUNDS

Total funds brought forward

529,322

TOTAL FUNDS CARRIED FORWARD

329,243

5.	TANGIBLE FIXED ASSETS

Short

Computer

leasehold

equipment

Totals

£

£

£

COST

At 1st January 2024

2,405

11,186

13,591

Additions

-

1,475

1,475

At 31st December 2024

2,405

12,661

15,066

DEPRECIATION

At 1st January 2024

241

4,632

4,873

Charge for year

24

2,007

2,031

At 31st December 2024

265

6,639

6,904

NET BOOK VALUE

At 31st December 2024

2,140

6,022

8,162

At 31st December 2023

2,164

6,554

8,718

6.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

160,000

160,000

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,120

-

Other creditors

312

312

Accrued expenses

2,880

2,880

6,312

3,192

8.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

329,243

(166,440

)

162,803

TOTAL FUNDS

329,243

(166,440

)

162,803

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

-

(166,440

)

(166,440

)

TOTAL FUNDS

-

(166,440

)

(166,440

)

Comparatives for 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

Comparative 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

)

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

Net

movement

At

At 1.1.23

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

529,322

(366,519

)

162,803

TOTAL FUNDS

529,322

(366,519

)

162,803

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

-

(366,519

)

(366,519

)

TOTAL FUNDS

-

(366,519

)

(366,519

)

9.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st December 2024.