ST. SOPHIA'S SCHOOL BENEVOLENT FUND LIMITED
Teachers teach the Greek language, history, culture, singing and dance to pupils of the school during classes held for each age group each Saturday morning from 9.30 am to 1.15 pm. Bursaries are given to 11 deserving pupils based on the financial need of the parents in each case.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves increased to £281,744, up from £229,081 in the prior year, driven by a net income surplus of £52,663. The trustees acknowledge that the charity is operating on a going concern basis with sufficient funds to meet obligations for at least 12 months. Reserves are maintained to provide working capital and meet future expansion plans, as per the stated policy.
What the accounts disclose
“The Governors’ policy is to maintain sufficient reserves to provide the requisite working capital and a contingency to meet any future expansion and development plans to further the objectives of the Trust.” — page 5
“Certain Members of the board of governors are also parents of children who attend the School and, accordingly, fee income for the year includes fees receivable from the Governors at normal rate.” — page 15
Trustees
- CALLIOPE CAROUSSISchair
- Dr Christos Nifadopoulos
- Eleni Goulandris
- Joanna Shall
- John Panayiotou
- MARIA SPYROU
- MARIA-ELENI NIKOLOPOULOU
- MARO LIMNIOS
- NICHOLAS PALEOCRASSAS
- V.RT.REV THEONAS BAKALIS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £298k | £245k |
| 31/07/2024 | £235k | £247k |
| 31/07/2023 | £208k | £221k |
| 31/07/2022 | £203k | £199k |
| 31/07/2021 | £214k | £191k |
Common questions
Is ST. SOPHIA'S SCHOOL BENEVOLENT FUND LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves increased to £281,744, up from £229,081 in the prior year, driven by a net income surplus of £52,663. The trustees acknowledge that the charity is operating on a going concern basis with sufficient funds to meet obligations for at least 12 months. Reserves are maintained to provide working capital and meet future expansion plans, as per the stated policy. Its FY2025 accounts were independently examined.