SOFRONIE FOUNDATION

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Rawlinson & Hunter Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The current uncertainty in the global economy, arising from geopolitical conflicts, have increased financial pressure on charities. The Trustees have considered the level of funds held, the expected level and security of income and committed expenditure for twelve months from the date of signing of these financial statements. The Trustees are satisfied the forecast income and reserves are sufficient to cover all of the budgeted expenditure to be able to continue as a going concern. The Trustees therefore consider the adoption of the going concern basis in preparing these financial statements continues to be appropriate.”

Significant events

• “During the year the Foundation funded seven charities (year to 31 December 2023: nine). The Foundation made one payment related to commitments made in the previous year (year to 31 December 2023: two). No charities were UK registered (year to 31 December 2023: none), but all grantees would be deemed to be charitable under the laws of England and Wales.”
• “During this period donations received by the Foundation were exceeded by those paid out. The reserves brought forward were partially expended in to cover the net deficits arising. The Trustees' continuing aim is to make arrangements to secure required funding to support the Foundation.”
• “Sofronie continues to build on the Foundation's mission to create opportunities for young people through education, skills training and activities to unlock talent for those young people who face obstacles. Last year the Trustees pledged funding support for the TUMO programme for creative technologies in Amsterdam. The TUMO skills education programme originated in Armenia and is a free-of-charge weekly activity open to secondary school pupils aged 12-16 years old and delivers tuition in Graphic Design, Film Editing, Animation, programming and more. As a funding partner Sofronie would like to galvanise further support with the aim of bringing the concept to the UK.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +13,460.3%

  £32,137 → £4,357,878

• Cash

  +1,048%

  £406,819 → £4,670,392

• Net assets

  -1.7%

  £2,956,489 → £2,906,070

• Employees

  0%

  2 → 2

• Wages

  +6.9%

  £160,084 → £171,051

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers