## **Trustees’ Annual Report for the period** **From 01/04/2024 Period start date To 31/ 03/ 2025 Period end date** **Charity name: The KONA FOUNDATION** **Charity registration number: 1175502** ## **Objectives and Activities** ||SORP
reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|1. Develop young peoples skills, capacities and
capabilities.
2. Advancing education of young people
3. Relieving young peoples unemployment in
the UK and Europe
4. Providing recreational events locally| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|After the volunteer projects with which KONA had
supported the community for many years were
finally discontinued in January 2023 due to Brexit,
KONA carried out bilateral youth projects with an
Austrian partner organisation in 2023. The
continuation of these bilateral youth projects was
planned for the year 2024, but could not be
realised due to the withdrawal of the partner.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|| **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP
reference|| |---|---|---| |Policy on grant making|Para 1.38|Following the expiry of EU funding in January
2023, the restructuring in summer 2023 and the
renewed loss of bilateral project funding in 2024,
we were unable to generate sufficient funds to
carry out large-scale projects during the period in
question and have therefore temporarily scaled
back our activities. However, we are very
confident that the new agreements between the
United Kingdom and the EU to resume the
activities of the Erasmus+ programme will create
new funding and project opportunities.| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|Volunteers are an important asset of our
organisation and have been helping out also this
year in community activities.| |---|---|---| |Other||| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Our youth work is strongly committed to the
values of intercultural learning and
European dialogue. Lacking the necessary
financial resources to implement projects
on a larger scale, we used the year to
expand our networks, establish new
contacts and lay the foundations for
continuing our international youth work. We
are confident that, following our return to
the Erasmus+ programme, we will be able
to carry out a wide range of projects
promoting inclusion, solidarity and mutual
understanding, from which young people in
the United Kingdom will also benefit
greatly.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** Review of the charity’s Para 1.21 financial position at the end of the period Statement explaining the Para 1.22 policy for holding reserves stating why they are held Amount of reserves held Para 1.22 Reasons for holding zero Para 1.22 reserves Details of fund materially in Para 1.24 deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|During the reporting period, we did not
receive any EU funding through the
European Solidarity Corps or Erasmus+
Youth programme to continue our
international youth work, but we did receive
systemic support from our Austrian partner
with regard to continued cooperation in the
coming years. Due to the reduced
availability of funds, we have temporarily
scaled back our activities.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|While we continue to seek further funding
partners for youth projects, we have scaled
back our activities and decided to draw on
our reserves where necessary. As
mentioned above, we are confident that we
will be able to count on Erasmus+ funding
again in the foreseeable future, which will
enable us to carry out inclusive youth
projects.| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Memorandum + Articles of Association| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Trustee meeting and vote
It is still our aim to attract more trustees for
the charity| **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|•
Charity Commission guidelines
•
ERASMUS+ Programme guide
•
Handbook for projects and events| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|•
Board
•
Director
•
Volunteers
•
The “Rückenwind Network” and its
partners| |Relationship with any
related parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|The KONA Foundation| |---|---| |Other name the charity uses|KONA| |Registered charity number|1157502| |Charity’s principal address|The Manse Garret Street
Cawsand
PL10 1PD Torpoint, Cornwall| ||| **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**| |---|---|---|---|---| ||Doreen Westlake|||| ||Jerome Leopold|||| ||Markus Albrecht|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name** Sarah Hill Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**|**Signature(s)**| |---|---| |**Full name(s)**|**Full name(s)**Markus ALBRECHT| |**Position (eg Secretary,**|Chair| |**Chair, etc)**|| ||| |**Date**|20.12.2025| Company registration number: CE002121 Charity registration number: 1157502 The Kona Foundation (A company limited by share capital) Annual Report and Financial Statements for the Year Ended 31 March 2025 Carey Accountancy Ltd The Kona Foundation Contents Referentr and Administrative Details Trustee's Report 2to4 Accountants, Report Independent Examinerfs Report Statement of Financial Activities Balan￿ Sheet The Kona Foundation Reference and Administrative Detsils Charity Registratlon Number 1157502 Company Registratlon Numbor CE002121 The charity is incorporated in United Kingdom. Garrett Street ca￿Sar￿1 Comwall PL10 1PD Reglstered Office The Kona Foundation Trustee's Report The member. a director for the purposes of company law. presents the annual report together with the financial statements and auditors. ￿port of the charitable company for the year ended 31 March 2025. Objectives and activities Public benefrt 1) Develop young people's skills, capacities and capabilities 2) Advancing education 3) Relieving young people's unemployment in the UK and Europe 4) Providing recreational events locally 5) Supporting the local community in our full capacity The trustee confinn that they have complied wth the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefft gUIdar￿ published by the Chartty Commission for England and Wales. Trustees and officers The trustees and Offi￿rS serving during the year and Sin￿ the ￿ar erKI were as follows: Trustee.. Ms Doreen Westlake Structure, governance and management Financial instrumgnts Objectives and policies The charitvs activtties expose it to a number of financial risks induding credtt risk. cash flow risk and liquidity risk. The use of financial derivatives is govemed by the tharills policies approved by the board of trustee. which provide written prinaples on the use of financial derivatives to manage these risks. The charity does not use derivative finanaal instruments for speculative purposes. Cash flow risk The GhatfEYs aLiivlties expose rt primanty io the financial risks of changes in foreign currency exchange rates and interest rates. The chanty uses fOre￿n exthange forward contracts and interest rate swap contracts to hedge these exposures. Interest bearing assets and liabilities are held at fixed rate to ensure ￿rtaInty of cash flows. Credit risk The charitls principal financial assets are bank balan￿S and cash. trade and other receNables, and investments. The charitys credit risk is primarily attiibutable to its trade recervables. The amounts presented in the balan￿ sheet are net of allovrnnces for doubtful re￿Nables. An allowance for impairment is made where there is an identified loss event vkntch. based on previous experien￿. is eviden￿ of a reduction in Ihe recoverability of the cash flows. The credit risk on liquid funds and derivative financial instrufftnts is limited because the counterparties are banks wtth high credit-ratings assigned by intemational credff(-rating agencies. The charity has no signrficant concentration of uedit risk. wFth exposure spread over a large number of counterparties and customers. The Kona Foundation Trustee's Report Liquidity rlsk In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity Ljses a mixlure of long-tenn and short-term debt finan￿. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements. Ststement of trustee's responsibilities The trustee (who is also the director of The Kona Foundation for the purposes of company law) is responsible for preparing the trustee's report and the financial statements in accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including FRS 102 Yhe Finan(ial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the member to prepare financial statements for each fjnancial year. Under company law Ihe member must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including its income and expenditure. of the charitable company for that period. In preparFng these financial statements, the member is required to: select suitable accounting policies and apply them consistently, observe the methods and principles in the Charittes SORP" make judgements and estimates that are reasonable and prudent: state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the charttable company will continue in business. The member is responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to en8tJre Ihat the financial statements comply with the Companies Act 2006. She is also responsible fof safeguarding the assets of the charitable company and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities_ The trustee is responsible for rna1rrtenar￿ and integrity of the corporate and financial information induded on the charitable companys website. Legislation goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The Kona Foundation Trustse's Report Dlsclosure of infomiation to auditor The member has taken steps that she ought to have taken as a member in order to rnake herself aware of any relevant audit infomiation and to establish that the charity's auditor is aware of that information. The member confirms that there is no relevant infom)ation that she knows of and of which she knows the auditor is unaware. The annual report was approved by the member of the chartty on ...j. ?:_. by: ') g arrty signed on its behalf Ms Doreen Westlake Trustee Chartered Accountants. Report to the Trustee on the Preparation of the Unaudited Statutory Accounts of The Kona Foundation for the Year Ended 31 March 2025 In order to assist you to fulfil your duties urKler the Companies Act 2006, we have prepared for your approval the accounts of The Kona Foundation for the year ended 31 March 2025 as set out on pages 7 to 8 from the companys accounting records and from infomiation and explanations you have given us. As a practising member firm of the Chartered Institute of Management Accountants (CIMA), we are subject to its ethical and other professional requirements which https:Ilwhw.cimaglobal.comlPROFESSIONAUETHICS. are detailed at This report is made solety lo the Trustees of The Kona Foundation. Our work has b&n undertaken solely to prepare for your approval the accounts of The Kona Foundation and state those matters that we have agreed to state to the Trustees of The Kona Foundats"on. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Kona Foundation arKI its Trustees as a body for our work or for this report. It is your duty to ensure that The Kona Foundation has kept adequate accounting records and to prepare statutory accounts thai give a true and fair view of the assets, liabilities, financial position and of The Kona Foundation. You consider that The Kona Foundalion is exempt from Ihe statutory audit requirement for the year. We have not been instructed to carry out an audtt or a review of the accounts of The Kona Foundation. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the stalutory accounts. Carey Accountancy Ltd Higher Treyone Polbathic Cornwall PL113HE Date.. 0211012025 The Kona Foundation Independent Examinerfs Report to the trustee of The Kona Foundation ('the Company,) I report to the charity ttustee on my examination of the accounts of the Company for the year ended 31 March 2025. Rasponslbilities and basis of report As the charity's truslee of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accourrts in accordan￿ with the requirements of the Companies Act 2006 ('the 2006 Acr). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of tny examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Acf). In carrying out my examination I have foll{)￿ed the Directions given by the Chatity Commission under section 145(5)(b) of the 2011 Act. Independent examlnevs statement I have completed my examination. I confimi that no mattets have come to my attention in connection with the examination giving me cause to believe.. 1. accounting records were not kept in respect of The Kona Foundation as required by section 386 of the 2006 Act., or 2. the accounts do not accord ￿th those records", or 3. the accounts do not comply wilh the accounting requirements of section 396 of the 2006 Act olher than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination" or 4. the accounts have not been p￿pared in accordan￿ the methods and principles of the Statement of Recommended practi￿ for accounting and reporting by charities [applicable to charÉties preparing their accounts in accordan￿ with ￿ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no COn￿rnS and have come across no other matters in connection vitth the examination to which attention should be drawn in this report in order to enable a Droper understanding of the aetounts to be reached. Carey Accountancy Ltd CIMA Date:.. The Kona Foundation Statement of Financlal Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Ststement of Totsl Recognised Gains and Losses) Unrestricted funds Totsl 2025 Note Income and Endowments from: Donations and legacies Total income 9,611 9.611 9,611 9,611 Expenditure on: Raising funds Charilable activities (6,898) {3.908} (6.898) (3,908) Total expenditure {10.806) (10,806) Net expenditure (1,195) 1,195) Net movement in funds (1.195) (1.195) Reconciliation of funds Total funds brought forward Total funds carried forward 6,535 6,535 5,340 Unrestricted funds 5,340 Total 2024 Note Income and Endowments from: Donations and legacies Total income 16.157 16,157 16.157 16.157 Expenditure on: Raising funds Charitablc 6Gtivities (7,229) (b,324) (7,229) (6,324) Total experKliture {13,553) 13,553) Net income 2,604 Net movement in funds 2.604 2,604 Reconclliation of funds Total funds brought forward Total funds carried foTward 3,132 3,132 5,736 5,736 All of the charity's actTrvities derive from continuing operations duriru the above iwo periods. The funds breakdown for 2024 is shown in note . Page 7 The Kona Foundation (Registration number: CE002121) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 955 Current assets Cash at bank and in hand 5,489 5,035 Credltors: Amounts falling due within on• year Net current assots (149) (254 5.340 4,781 Net assets 5,340 5.736 Funds of tho charity: Unrestricted income funds Unrestricted funds 5,340 5,736 Total funds 5.340 5,736 The financial statements on pages 7 to 8 WEre approved by the . and authorised for issue on .................... and signed on her behalf by: Ms Doreen Westlake Trustee Page 8