THF. HArroRI FOUNDATION
ANNUAL REPORT AND FINANCIAI. STATF.MF.NTS
JI AUC:USiT 2025

THF. HATTOKI FOUNDATION
REI)ORT AND FINANCIAL STATF.NIENTS
31 AUGUST 2025
C()NTLNTS
Page
Compan}. Inlorn11£ lion
Rcpurl of tli¢ Trustee
Report of ilie Independenl Examiner
Stuteiiient of Fin£lncial Aciiviiies
IlnliillcL SlicLt
Notes lo the Finiinci&I Siaiemenls
10.15

THE HArroRI FOUNDATIOIN
CHARITY INFOR￿lATIoN
Chiriti. Name
Th¢ Hallori Foundation
Clid?rit)' No
1014709
Princip#l Addrts$
7 Ixion Sireei
London
SEI 8UE
Goi'erning Instrunienl
Trust D¢¢d daied S Oclober 1992
Trustee
Haiiori Trusi Compan). Limited
(Company nuniber 2749030)
Dirtclors of the Trllstee Compun!. AndreiN' Marriner (Chairman)
(A150 referred io as 'Trusiees')
Jojl Haiiorl
Piers Lane ANI
Lady Gomersall
Paul Waikins
David Ivhelion OBE
Raphoel Il'aiifisch
KIL)5I.lufc.IwiL¢lski
Cairiona Syed
CMITdon Back
Tknmas G￿lTh1 {resi￿ed 10 lanikar%' 20251
Hannah Burcheii {app)inied 21 January. 2025, resigned 17 April 20261
Elii.ab¢ili hlii'ale lappoiiit¢d 23 April 20261
Gen¢i'al I114nager
Glenn Kesby
Solicllor5
CTharle$ Russell Speeehl)'5 LLP
S Fl¢¢i Pla¢e
IA)ndon
EC4I17RD
Indei?eN(lent Liaminer
Ross Stokes FC.A
The Ac¢ouniing collecii%"¢ LLP
Studio 8. 229 Shor¢dii¢h High Street
LoEidon
El OPJ
Irbi'¢Stnitnt ,Il¥nJgers
c￿e￿Oi.e Capilal fvlanagemeni Limi¢e4J
12 NIMrgaie
London
EC2R 6DA
Ini"¢5tm¢nt PoM"¢rs
Wide discretionar)" pow"e

TIIL TrIAThORI FOllIND..ITIO
REPORT OF TIIF. TRLSI'EE
The Trustee presenis its anniial rep)rt and financial statements of the SeltleiMei)t for ihe >'ear end¢d 31
ALlblllSt 20?5. The financidl siaieiiiei)Is Iiave b¢¢n pr¢paied in IlLcordance ii'itli tli¢ accotsniing policics SLt oiit
iii iinie. I Iii ihe &2CCnlLtils and con)pl>' i%iih Ihc ch¢irilS s ifLlSI deed. tlie Ch%irilies A¢t 2011 (lie Statemeiil of
ReLoiiiiiiLI)ded l)r¢l¢1ice (seLond ¢dillOli) and Accoiintin¥ Financial Reportiiig Standard appli¢able in the UK
and th¢ Repiiblic of Ireland (FRS 102).
STRUCTURE, COVF,RNANCE, IIIANAGENIF.NT AND RISK MANAGF.MF.NT
I'he FoiindaTlon is consiiiuivd uiid¥r 41 TiuJl Drttl i <X-iob¢i 1992.
Iiidividlial Directors ol thL Trusiee Coii)Plc 11}. are ini'ited io propose names of suiiable po¢eniial Directors for
apprvv4)I by Ilie Bo￿2rd. Ai)y approved individual ivoiild be 8pproAc.heA infnrn?ally And if inleresled. fornially
iiivitLd to juin (IIL Boll fd b). the Chl& iman.
Tlic l-riisree h£iS considered ihe risk getierally &nd believes Ihal th¢ major risk io the assets of Ilie Fouiid&l1ioii
laii(I to ils aLlivilies in g¥nLral) lo bt fluciuaiions in the stock niark'ei. The Trustee lias soughi tv niiiibyaie
tl)i5 risk b), enb>41ging the services of a ii"ell-respecied firm of investnient nianagers and by keeping the
performan¢¢ of th￿1¢ firm linder r¢vieii'.
I)B,IF.CTIVF.S AND AcfiviTIF.S
he Found<ilion Is esiabllshed for..
I I 'l-he Kldi'llncen)enl nnd proimotion olchariiable objectil'es generall>"
-rh* xili'xiii't'iiipiII Arid prnninli(In in Plc rticiilar of miisic and iiiusical coii)posilioi). Il)L' IIII151Lal
Ldiicalion, Irli iningk and advancemenl ol-younL ￿Ople and sludenis ofiiiusii- tlie adv£111ceiiiei)l ol.
ediiccltion in ¢ind lippreciic lion ai)d vndersll£ iiding of ihe visual arls; Ilie educatioii, trainiiib 4ind
advon¢¢mcnt of youns P¥rsons ond stiidenls ofih¢ Vi•￿￿tIl Arts.
Diirinbi ihe }'edr, Ilie Fvuiidalion coiidiicted aildilions w)d made awards Io )oun8 Inusicians to aS5i51 ivith
pri)jeLts ii'liicli they had subniilted to il)e Iruslees. as indicated belom,.
SinLL 2015,-l-lie Iliiltori FoLin(lali()n lias run ilie biiilding knoi%'n as 1901 Art5 Club, ()fiering 5ubsidised
spaces for perlorinl¢ nces, rehearsals, me¢iings and eyenls to oiher cl)arilies aiid eiiiergiiig ariists.
(Jraii15 lire iiiade al Ilie discreiion of Ihe Triislee and usually folloiv an audition. Deiails of girants mi2de
diiriiiLtr the i'e<if re Set oiil beloii..
ACHIEI'EhlF.NI T.$ AND PF.RFORMANCE
Diii'iiibw ihe !'e<ir tlie Foiiiidation reLeii'ed 20 JLinior applications. Ai%'ards ranging beliveen £2.50 and £1,000
ere lllllde to elL%'en applic<liils lolalling £6,350.
96 Sci)i()r applic<ltioiis iverc r¢¢eived from ii.hich 17 Il'ere ini'ited to audition. Senior Aii'ards of betii'eei1
£4.000 Lind £7.000 i¥"eTe iiiade to nine appliianls InclLidii)g oiie ensenible: ioiallino £45.$00. Iii adLliiion 10
Ilie Senior Aii.Irds, a fiirilier IhrLe fin4l1isls ii'ere paid assislance gianls of beiii'e¢n £ l.oon and £2,000 eacli:
loliillinu £4,000. Oiie speci471 projecl i%"as £lI1"arded a wani of £2,000. One Concerto Debiit prize li.as aii"arded
this J'e<ir for a (Iitiire p¢rforii)aiice iiiih an oi¢hestra.

THE HATTORI FOUNDATION
RF,PORT OF THE TRUSTEE
FINANCIAL REVIEW
ilvlii)
Tlie bic Iclnce of iinTLStricted funds is represenied bj, (a) sums invesied ii'iElI Cazenove Capiial ManagTeiiient
l.iinited clasqifJed on th¢ bilai)ce gheel a% filed asset iniestnipnts o?nA (h} eiirrpiil .9qg￿l% iNliieh Ili&. l-Tll*le
regaTds as free reserves. The Trlislee expects granl commitnienls io be funded as Ilie>' fall diie froii) fiitiire
inLon)e'. fciilinR this. the Foundation has recourse lo sums invested.
INVESTI¥IENT POLICY AND PF.RFORIVIANCE
The Triisiee's inveslmenl policy is io preserve capital in line iviih innaiion as a minimum ai)d lo n)aintain a
siistained anniial income above £80,000 per annum io enable ilie Foundation to continue its annual gprai)t
gii'ing in niu5ic. DILrinE the year ini'eslinent incon)e has slioiin a decrease of £32 (2024
ii)Ir¢as¢ of
£1 ? 7091. Nei ret11iseil 1¥ lid illU¢4l1is¢d xaiiis on ini'estments amounied 10 £261,03712024- kaiiis of £384,902).
PIIBLIC BF.NF.FIT
TIIL -I'riislLL I)&i% hii d r¢g?¢ rd io Ihe giiidance issued b). the Charit). Conin)ission concerning piiblic benefii, Th¢
Triisiee is satisfied that the iiiforiiialic)n gviven in ihis report, palli¢iilarl}' r¢gardiiig Ilie activities iiiidertakeii
and tlie uLhiei'enienis during ihe }'¢ar, Ivhen read in conjuiiction iviih the objeLliv¢s uf ilie Foiinduliui),
di'iiii)i)%lr,?li%% Iliil IIIL. re<iiiirement to identify puhlic henefii h&s been mei.
PI.ANS FQR FIITIIKF.
exlrcl siipport i¥iih PL¥I()rniinki {}p￿)rItin1Iie8 lil Ils pren11￿'s, ilie liceiisLd i'enue k'noivii as 1901 Aris Club.
STA'fF.I¥ITr:NT QF TRUSTF,F. RF.,%I)<)IYSIBII.ITITr:S
Tli¥ TriisteL> is fLsponsiblL for prep41rin&r ihe Rep()rt o( Ihe Trusiee ond the finttnci11 slalen)Lnts in acLorJ:IllLe
i¥ lili ai)pliciL ble 14ll%' Ilnd Uniied Kin8doni Accouniing Siandards {Uniled Kiiigdoni Generally ALceplL.d
ALLCllll11iii&T PraLtiLe).
The la1￿ cipp1iLable to charilies in F.ngland & IVal¢s reqiiires the Triislee to prepare financial slcileiiients for
ec2clI Iiiicllllili l )'¢*ir ￿-b¢(h &iive a irlie I1nd fiiir viei%- of the slale of affciirs of the Lhiirii). and i)r ¢l)L in¢uii)iiib
r¢soiirce.% and applic<l1ion of resoiirces of lh¢ charil)- for tliai p¢riod. In preparinx these financial stiileincnls,
Select siiit%ibl¢ 14 ¢LOLiniing policies and ppl!. Ihem consisienll!"
()hserve the methods Klnd piinciple5 in ihe Chclriiie5 SORP..
St(li¢ li IILth¢r applic<ible UK accoiiiiliiig 51c?iidards hai-e been folloii'ed. subject to an). Inaierial depariiires
disLlosed and explaiiied iii tlie lingncial siJien)enis'
PrLpar¥ IhL' IinanLial slaieii)enls on going concern basis unless il 15 appropriate io presiinie thai Ihe

THF. HArroRI FOUNDATION
REPORT OF TIIE TRITSTEE
STATF.TrIENT OF TRUSTF.F. RESPOYSIBILITIES (Loutiiiutd)
Tlie Triislee is responsible for keeping proper accouniing records ihat disclose ii'ith reasonable accLiracJ' at
rl)e riiiie iliL fiiiaiiclal poslilon of ihe charii). ¢uid ¢li&ibl¥ Ili¥ Tluslrr Iv riisui¢ Iliai Ilie fiiiciiicial 51atcii)ciils
conipl>' I￿11h the Chlliiiies Act 2011, Ihe Charit). (Accoiints and RewTrr¢S) Regulatioiis 2008 aiid the provisions
ol. IliL charit}. s Trust DLLd. I'lie Trlislee is also responsible for safeguc1rding ihe asseis of ihe ch2L rit),
hence foT tak'ing reasonnble step5 for Ihe prevention and deteciion ol. Iraud and other irregularities.
Appr£ived nn behalf nf the. I'nistee on 6 Jiine 2026 and signed on its behair
An(Ireiv Illarriner
Cliairiiian

THF. HATTORI bOUNDATION
INDF.PF,NDF,NT EXANIINER)S REPORT TO THE TRUSTEE OF THE HATTORI
F()UIYDA TI()N
I repon ro the Trustee on mi. exarninaiion of ihe financial staienienis of The l.laitori Foundaiion ('the
Llicll ily,) fi>1 IIIL )rdr riid¢d 3 l 2025 ivlii£li coii)Wi5C tlie Stateiiieiit of Fiiiaiiiial A£tivitics, tlic
Bli laiicL SheLt and relaied iiol¢s.
I'IIL5 Lepoil is iiiade 501cls' to th¢ ¥liaril) 5 TIu5t¢¢. a5 a bod)-y ln ac¢ordanc¢ iviih seciion 145 of tlie
Cl)1lrities Act 201 l. Nly iiork his been underiaken so ihai I mighi slate io the charity's Triistee those
mailers l an) r¢qiiired to state to theni in this report and for no oiher purpose. To ihe lullesi e¥l¢ni
pern)Itted by lai%'. I do not acLept or 8ssuin¢ responsibility to anyone other Ilian tlie cliarit), and tlie
ch4irity's TrLlStee as a bodi,. for mi, ii'ork, for ihis rem)rt. or for ihe opinions I have fornied.
Responsibilitits 4n(I basi5 of reporl
As th¢ Triiste¢ ol. the charitj. )'oii are responsible lor the preparation ol ihe tinanLial slal¢ni¢nts 111
acLord<lnLe w'ith the Tequiremenls of Ihe Cliarities Aci 2011 I'ilie Act.).
I r¢por( in resp¢cl of my examinaiion ofthe charity's financial slalemenis carried out Under section 14.5
i)I' IliL AL¢ lind in carT}'ing oiii i))i' exaiiiinaiion I Iiai'L folloiied all the applicable Direclions gjiven b). the
C'.11I1rily Coiiiiiiission linder s¢¢lion 14i(51(b} ol'the Acl.
An iiidLPLllLILnt e¥iiiiiin?c lion d()¢s not involve gathering all ihL L'l'idenLe ilial i¥'oiild be rL(iiiired iii an
11(lit cl11(I coiiseqiiiiiil), di)¢s not COVL'r all IliL niatltrs th1£ l an aiiditor considers li) giving Il}Lir opiiiion oil
IIIL 11111¢ iiiial Si¢llLiiieiils. l-lie plaiiiiingj ai)d ¢ondiiLt ol ali audil goLS bcJ'ui)d the lii))iicd assiir¢lliC¢ Iliai
111 iiiilependeill exaiiiiiidlion cai) prvvid¢. Consequ¢nil)', l express no opinion as lo ii'l)eilier tlie finaiiLial
1l2lLiiiLiils PTesLiil %? 'ifiiL nd fair, %'ieiY and m). report is liniiied io those specific IIIL211ers set out in Il)e
Inil¢'pi'n(l¢ni ¢xaiiilnor's 5t#tenient
I h(IVL' ¢()Inpleied m), exaniination. I confiriii ihat no nialerial niaiiers 1147ve coine to niy atieniion in
conneLlion iviili Ilie examin%ilion giving nie Cause io b¢liev¢ Iliai in an}, iiiai¢rial respeLt'.
i¢¢o(Inlin¥ records ii'ere not kepl in Te5peci of the charit). required by section 130 ofthe Ac¢,. or
tIIL linilllciiil Slii ILin¥nis do ni)l accord ii'itli tliose records; or
the Iii)1lllCiiil 5111¢niei)Is do not conipli. ii-iili ilie applicable reqiiiremeiits conceniiiiki tlie lorni aiid
c()iitei)t (Jf clLLI)Iiiils sel OLIt in tlie C.liarilies IAi¢oiinis and R¢ports) Regiilatioi)5 2008 oilier Iliaii clti).
rLqiiifLiiILiiI thii I Ilie aici)Iinls give 11 'iriie c111d fair viei%' ￿l11L]i is noi a Iter c17nsidered as P11 Tl of 11n
iiidepei)denl exAtMitiation.

THE HATTORI FOUNDATIOIN
INI)FPF.NnF.NT F.xA￿I1NF.R'8 REPORT TO THE TRUSTEE OF THE HATTORI FOUNDATION
I h&?ve no ¢o)ncerns nd h49vv cAmtr. ￿t￿$S t)ther tters in cannection i%'ith ihe exainincltion to iiliich
aiiention shoLild be drai%'n in ihis retM)rl in order to enable a proper underslanding ol Ihe financial st4iieinenls
to be reached.
ROSJ ¥Stok¢Ji rcA
I'h¢ Accoiinting Colleciive LLP
Siiiilio 8. 229 Sliuri'dii¢h Fligh StreLI,
F.16PJ.
O JLine 2020

THE HAThORI FOUNDATION
STATEfvIENT OF FINANCIAL ACTIVITIF.S FOR THE YEAR ENDED 31 AUGUST 2025
Note
2024
INCO￿lE AND EXPENDITURF.
Ini'estmenl inconie
Dii'idends and related income
L)epos11 Interest
17,105 117,137
1,173
1,238
18,278 118.375
Resoiir¢es txpend
Investi￿eThI mar>ageinenl fees
14.9%$
I I,A$6
Clillrilable thelli'ilies
Gr£11)t5
C()IiSLiliancy
Aiidilinnq
1&2
63,600
10,000
791
58,250
i 0,000
267
74,391
68,517
NL.l inconiing resources from ini'eslment an(12ranl3
28,902 36,202
Turnover
F.¥'¢rit iJi¢om¢
OIliLr inLuille
Di)ncilioiis rLLeived
109.777
280
g6.940
4,400
30.000
15,185 121,340
Less: cost of goo115 solcl
B75 r con5llllliibles
CIL teriiig
Agjency Siafl-
Artisls c1nd peTfornian¢es
11,265
3,987
8.788
4,412
7,321
6.034
7.044
32,447
26.555
Grobs Iirufil- carrieil forii.ard
82.738
94.785
The a¢¢onipan%itig notes lorni an inie8r31 part of these finan¢ial sthiemen

TFIE HATT()RI FOUNDATION
STATEI¥IEf4lT OF FINANCIAL AcfiviTIES FOR THF. YF.AR F.NDED 31 AUGUST 2025
(LunliJiu¢(J)
Piote
2025
2024
Gross profit- brought foriillrd
82,738
94.785
Total gross lThconie
111,640
130,987
Overhead expendiiiire
123,537
180,962
149,9751
Other recognised gains Jnd losses
IlnrLalised Ilosses)Igains on investment asseis
RL<ilisecl g1L IiisI(IossLsI 011 invesinieni assets
208,842
17.8051
393.550
18,648
261.037
384,902
Net inconie for the )'ear
Funil l):Ilanees broiighl fori%'Ard unrestriett(I fiinds
249.140
3.652,608
334.927
3,317,681
£ 3.901,748 £ 3.652,608
All %iniounls relate to conliniiing aciivities.
All rLcognisLd siirplu5es and deficits are incliided in Ihe slalenieni of fina￿la[ aclii'ities i%'liicli sl)01I'5
lh¢ iotL11 net niovenient in flind5 for Ihc )'¢ar.
The accompanl'inu noies forni an initgral part of ihese financial statenients

THF. FIATTC)RI F()UNDATION
BALANCE SHEET_ 31ST AUCUST. 202)
ote
20Z4
FIXF.D ASSF.TS
n8ihlp
InvL5tI)ienls
2.44R
3.897.251
1.908
3.636,213
3.899.699
3.638.121
CIIRRF.NT AS.SF.TS
Debiors <lnd pr¢pa)'menls
Cllsh Iield b). investnient managers on
inL(?niL IlLLOLint
2.831
4,454
65,238
66.169
68,069
70.623
CIIF.DITI)RS.. A￿l(luN.[8 FALI.INC:
I)UF, IVII'FI IN I)YI F. Y F.AR
Crediitsrs
ProvisiDn for L>ranl% niTrt yei paid
12.949
54.175
12,418
43.718
67.124
56.1.16
NF.T CURR Tr:NT AS.SF,TS
945
14.487
r+lF.T A.%SF.TS
£ 3,900,644
£ 3,652,608
RF.I)IIF.SENTEI) BY
Uiires¢riit¢d fiiiids
Rc5
irl¢d fiinds
£ 3,900,644
£ 3.652,608
Appn)i'pd h5. Ilip Triisle.e nf The HAtlnri
Foundafioii and signed on ils behalf on 6
June 2026.
Andreii. ￿%￿rrIner ChJiTmttn
The a¢conipi2n)'ing notes fonll an integral part ofthese financial 51aten*nts

10
THF. HATTORI FOUNDATION
NOTES TO THE FINANCIALSTATF.i¥IF.NTS
31 AUGU,ST 2025
I. ACCOUNTING POLICIES
a. B<iSiS of preparation of accoilnis
Tlie a¢coiinis Ii<ll'e been prepared under Ihe liisiorical c05t Lonv¢nii(Trn li lili ii¢iiis I¥Lv¥iiised cil Lus1 L)J
tl-1( IIS<iclion Vli liie iinle%s otheTlI'ise slaled in ihe relei'ant notes io ihese accoutils. The finaiicial s1i11emenls
ha￿'e been prepared in accordance Ns'iih ihe second ¢diiion of the Charities Siaiemeni of Reconiniended
Pra¢tic¢ issiied in (k'tober 2021, the Financial Reporting Sthndard applicable in tlie UK and (lie Republic ol"
IrLli111d (FRS 102) and ihe Ch1( rities Act 2011. The ¢hariiy consiiiuies a public benefi¢ enlity as defined by
FRS 102.
The Triistee considers that there are no maierial uncertainli¢s about the Trust's ability lo conlinue as a going
b Incoiiie reco8nilinn
All inLOllIL rLI()gni%Ld (>n¢e the Trust has enlitlen)eni lo the income. il is probable ihat tlie income will be
receive(l aiid ihe ainouiil of income Tcceivable can be meic sured reliilbl)..
D(Inlc lion% li re recognised once received or once the Trustee considers ihai receipt is liigl)ly pro￿￿ble. In tlie
eveiil Ih¢l1 a (loiiation IS 5Libjecl lo condilions thal require a level of perforin¢l1)¢¢ before the l-rusl is entitled lo
IIIL Ilind5, Ihe Inconie Is d¢f¢rred 11()l T¢Lu¥iiis¢Q uiiiil ¢iili¢i Illu￿ LuiJJi(iuiiJ ujr (ull) Jll¢l, vi Ili¢
liiifiliiiL'ni ol- Iliose Londilions is iiliolly iiiihin ilie conlrol of ihe Trusl and li is probable thai those conditions
ii'ill be fiilfilled ii) the rcportinb period.
IntLrLSi on I'iinds Iield on deposii is in¢liided ii'hen receiitable and Ihe an)oiinl can be nieasured Teliilbl J, by Il)e
I'r115t: this is IlOTiiiall)' Iipoii notificalioii of ihe ii)ieresi paid or pa)'abl¢ b). Ilie baiik.
ExpendiiLifL reco&Jnilion
.iiibilili¢s are recogiiised as expcnililiire as soon as there is a legal or constrii¢liYe obligalion coi111)iitiing the
I'riibl IL> Iliill ¥.Ip¢iiJiiui¢, li IS Vlvbiiblr Illal 5Cttleiii¢iit li ill b¢ required iiiid (li¢ ainount of il)e oblibrniion can
be i)ielc siired r¢liably.
All expendiiiiri. 15 aLL()unled for on an %ic¢fu%ils basis. All expenses iiicluding support costs and governai)ce
¢()%ls <ire cilloLaled or c1PPOrtionLd io Ilie applicable expendiiur¢ h¢adings.
(iTai)1s Pli J1ble llre P£1)'menls niiide lo third parli¢s in the fiirilierllnce of Ihe charilable objectives of (lie Trust.
Iii ilie Lclse oran uiicondiiionjl g¥T£Lni vrf¢r Iliis IJ aiLrii¥d viiir ilir Ir¥iyieiLI be¢Ji iiulifjeil vftlic ¥i-aJit
Icird. The notifi¢aiion gives the recipient a rl..
sonilbl¢ ¢xpeLlc1ti()n ih&21 the) INill receive Ilie on¢-J'¢ar or
'Ir gr1£ Ill. Grants Ivards Iliai are siibjecl lo tlie recipienl lullilling p¢rforn)anLe Londitiolls re only
Lcriied iilieii the rcLipieni has been notified olihe granl aii(l an). reiiiaiiiii)g iiiilullilled condilioii ¢llt<i¢li¢d to
tli¢il orThnt is oiilside ofihe control of th¢ Trusi.
d. I￿¢COVerable VA T
Irrecoverable VA T is ¢harged again51 the Cmiegor). of resources expended for ii.hich it li.as ii)curr¢d.

THF. HATTORI FOUNDATION
NOTES TO THE FINANCIAL STATENIF.NTS
31 AUGUST 2025
I. ACCOUNTING POI,ICIES {¢ontinued)
e. Gov¢rnan¢¢ ¢osts
GovernL2nce costs cotnprise all CO$￿ involving ihe public ac¢ounlabiliry' of ihe Tnist and its
Coinpliance wilh regiilalion and good praclice. These costs include costs related to ihe independent
exaiiiiner's lee togellier ii'ilh other overhead ¢osts. D¢lails of Ih¢se ¢osls are s¢1 out in note 3 to tl)¢
rii)ancial statements.
f. ChclTi11£ ble activities
Cosls of charilclble a¢lii'ities incliide prize aii'ards and grants made.
g. Tangible fixed assets and depreciation
TanRible fi.xeil a%s¢is consist of lixtlires. fillings and equipment. tkpreciaiion at a raie of 250/0 per
l)Iiiiiii Iiiis beeii char&yed lo ii-rile doi4n Ihe V1¢ lu¢ of il)¢se asseis lo ilieir carry'ing values.
h. fin11 ncial inslriiments
TIIL -l-rL15t has cliosen io adopi Se¢lions I l and 12 of FRS 102 in r¢spect of financial instrun)ents.
.WliiJtl ilehiors ereililors
DLbi()rs and Lrtditors %ii¢li no giai¢d interest raie ai)d reLeivable or payable iiiiliin 01)e )'ear are
rccorcle(11c t Irii nsc1clioii price. Any losses risiiig froni illiPi£ irnieiil arL recowiised iii ilie Stc?lenienl of
l.'in¢iniial Ailiviti¢s in 'adiTiinistrative expenses,.
cii.lli un<1 cu.sli eflllll'alenl.I
Ca511 and casl) L4uival¥nls Loniprise cash al bank and in hand.
CPfliwlliiiL'
inclllclcil ssets cind lic1bililie5 are offsL*i and ih¢ nel aii)OLillis pn'sented in ili¢ ac¢ouiils wliei) tliere is a
legjally ¢nfi>riL¢1bl¥ ri¥ht t() set oll- the recogni5ed amoiiiits and ihere is ali iiiteiition lo seiile on a nel
Fiind strLlCtiire
The Trusi has a sin¥lL' pemi¥in¢ni (lind. The iemis ofilie irusi deed alloiv ihe Incon)e io be
aLCllI))Iilile(l nd Ilie tapiic1110 be spent if ilie Tr4151ees so deleriiiine.
UnrL511icl¥d fiinds comprise Ihose Iiinds ii'hicli the Triistees re free to Lise for n!. piirp05e in
fLirilierc1nce of Ilie Lliariiable obj¢ilS. Unr¢sirl¢i¢d funds Iniliid¢ d¢slgnai¢d il'here ihe
Triislees, lil Ilieir discretion, ii'i.8h in create a fund for a S￿lfIe piirpose.

12
TFIF. HATTORI FOUNDATION
NCITF.4 Tfi THF. FINANCIAL STATENIENTS
JI AUGUST 2D25
I. ACCOUNTING POLICIES (coniinued)
j. Investments
Ii)vesin)enls are stated at Jnarkei i'alue ai ihe balance sheet date, i&hich gil'es rise to unrealised gains and
losses ivhich are incliided in the Statement of Financial Activilies. Realised gains and losses arising on
tlie disposal of inveslmenls during the year are s¢par£iiely disclosed in the Staiemeni of Financial
ALlii'ilies.
2, GRAN'fs PA YABLE
2n24
Grciiils P£lyable broiighi fonvard
N¢1 pnynienls durin8 yetsr
{43.OOUI
{37,UVUI
12,100
15.251Tr
41.nfH)
Grkints payabl¢ Larri¢d fonvard
£ 63,600 £ 58,250
3. OVI-.RFII.AD I:.XPENDI-I'URF.
202.4
2024
Rei)t, rateb &iid S¢TN'i¢es
l?riiilin&. pusla8L and slalionLry
I'elLpI)oiie 4iid 101l11111111lLalions
C'()iiipiitLI expLI)%LS
l)liolo¢opier expenses
Llliiifs, 5eciirii%' aiid cleaiiing
Adi'eriisingj and pron)olion
I dlid i)rufes5ional f¢es
Inilepeiidenl exilminalion
Accoiinl¢inc)'
Bi1nk clicir¥¢s
Tr#i'el and irilllSPOrt expenses
Siindr), e.Ipen5e5
Il'ages and salaries
S()ti.Il seLiirit>' costs
ljeiisioii contributions
l)Lpreciatioii
11,896
446
3.047
2.395
2.569
9.968
1,97.7
3,729
1.650
1,650
576
46
61
66.554
9,313
541
2,803
1,671
2,794
85.345
1,964
4.907
1,550
481
89
52,590
14.900
2.077
13.93_1
1,428
£ 123.537 £ 180,962

THF. IIATTORI FOUNDATIOkN
NOTES TO THF. FINANCIAL STATF.￿1ENTs
JI AUGIISJ IV25
4. TANGIBLE ASSETS
Fiilur¢'¥,
riltings an(1
equipiiienl
Cosl
Ai 31 Aiigust 2024
Additions
Digposals
5.705
2,617
At 31 AILBUSt 2(J25
.322
Depreclii tion
At 31 Aligi￿t 2024
Cli£1rgye for tlie year
On disposal$
3,797
2,077
At 3 l AiigLLSt 2024
5,874
Cjrryini i'#lues
AI 31 Aug7usI 2025
2,448
At 31 Aligust 2024
1,908
5. INVESTMENTS
2024
M,I1'kLI I',Ilue at the start of the reporting period (excluding cash)
Adilitii)ns
Disposals
Unrealised gciin arising on revalLiations in ihe year
3.636.213
1235.9241
228.119
3.252.69S
(91,231)
81.199
268,843
393,550
M<l1'kel Vlc liie at the end ol the reporting ￿rIOd (excluding Cash)
£ 3.897,251 £ 3.636,213
Historic cost
£ 2.386,647 £ 2,475,6$1

14
THF. HATTORI FOUNDATIONI
NChTF.% Tn TFIF. FINANcIALsTATE￿IET￿'Ts
J I AUCyllST 2025
6. DF.BTORS
2025
2024
I'rade dL.biurs
Prepa)'nienls and accrued income
SLindT}' debiors
1.194
1.637
4,454
2.831
4.454
7. CRF.DITORS.. AMOLJNTS FALLINCI I)UE WITIIIN ONE YEAR
2024
TradL crediiors
()Ih¥r iax<ilion
Accrui115
3,288
5.391
4,270
3.002
0,191
3,225
12,949 £ 12,418
8. RF.MUNERATION AND EXPLNSES PA YAIILf. TO DIREC'foRS OF TFIL TRUSI'LE
C'()MPANY
The l-riislcc r¢¢¢iN'¢d no remiincraiion diiring (he )'ear {2023 - nil). No expenses ivere reimbursed
9. FIES PAID TO'fHE INDrpr.NDENT EXAMINER
2024
ALCI)Iiiillc ncy
Iltli¢r fees
IiidLp¢nd¢nl e.Kallli11l£ lion
1,650 £
1.700 £
1.650
500
10. STAFF
202.5
2024
Tlie ai'¢iage niiniber of staft-during the )'ear
Tliere ii'er¢ no eiiiployees ii.ith eiiiolument5 in e%cess of£60,000 during thc !'¥ar
?024 nil).

15
THE HA￿oR1 FOUNDATIOIN
NnTF..% Tn THF. FINANC.IAI. STATF.hlF.NTS
31 AIJGUST 2025
I I. LEASE COMMITMENTS
Tlie Foundation's comniilments for renial paynients under operaling leases during Ilie )ear to 31
Aii¥iisi 2025 are as folloii's:
202)
2024
Pliotocopier rental
2.569 £
2.794
12. RELATED PARTY TRANSACTIONS
Diiriiig ili¢ )'¢iir Juji Hiiiivfi, (i Dii¥Liur uf ili¥ Ti usl¢¢ Cviiiydiiy, duii£il¢¢J £S.128 (2024 - £30.000) Lu
cover expenses.