COMPANY REGISTRATION NUMBER: 10241524
CHARifi REGISTRATION NUMBER. 1168803
Hundo Foundation Ltd
Company Limited by Guarantee
Unaudited Financial Statements
30 June 2024
BURGESS HODGSON LLP
Chartered accountants
Camburgh House
27 New Dover Road
Canterbury
Kent
CT13DN

Hundo Foundation Ltd
Company Limited by Guarantee
Financial Ststements
Year ended 30 June 2024
Page
Directors, annual report (incorporating the directorfs report)
Independent examiner's report to the directors
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements

Page 1
Hundo Foundation Ltd
Company Limited by Guarantee
Directors, Annual Report (Incorporating the Directorfs Report)
Year ended 30 June 2024
The directors, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charty for the year ended 30 June 2024.
Reference and administrative details
Registered charity name
Hundo Foundation Ltd
Charity registration nurnber
1168803
Company registration number 10241524
Princtpal office and registered Camburgh House
office
27 New Dover Road
Canterbury
Kent
CT13DN
England
The directors
E M O'CalEaghan
P E H Collins
L J Howell
Independent examiner
Colin Reid
Camburgh House
27 New Dover Road
Canterbury
Kent
CT13DN

Page 2
Hundo Foundation Ltd
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report) f¢ontinued)
Year ended 30 June 2024
Structure¥ governance and management
The charity is a company limited by guarantee and is governed by the Articles of Association set up on
20 June 2016.
The trustees, who are also the directors for the purpose of company law, and who served during the
year and up to the date of signature of the financial statements were..
Miss E M O'callaghan OBE
Mr P E Collins
Mr L J Howell
Trustees shall be appointed by the Board by resolution of the trustees. The trustees may from time to
time at their discretion determine any criteria for appointment as a trustee.
None of the trustees (or any persons connected with them) received any remuneration during the year.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the
company and guarantee to contribute £1 in the ever¢t of a winding up.
The Board of Trustees is ultimately responsible for the decision making of the charity and also its day
to day operations.
There were no employees during the year. There were no employees whose annual remuneration was
£60,000 or more.
Obje¢tives and activities
The charity's objectives are to advance the education and relieve the povety, financial hardship and
unemployment of young people, in particular (but without limitation) by developing their skills,
education, capacities and capabilities to enable them to participate in society as mature and
responsible individuals and by providing them with mentoring, advice and guidance. The policies
adopted in furtherance of these objectives are to make grants to organisations, to provide services, to
sponsor or or undertake research and to act as an umbrella or resource body and investment into high
performing youth employment programmes that help meet our core mission and are in acwrdance
with our Articles.
Our Mission
Ending systemic and struGtural youth unemployment.
How we Measu￿ success
By the number of young people our funding supports to find, gain and stay in work.

Page 3
Hundo Foundation Ltd
Company Limited by Guarantee
Directors, Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 June 2024
(continuedj
What we do:
Summary of main activities
Research and development about the effects of covid-19 on young people furthest from the labour
market and how to bridge the increasing gap be￿een education and employment for this age group.
Development of a fundraising strategy that aligns with our objects (as above) to develop a
programme that enables free access for significantly disadvantaged young people (16-24) to online
skills based learning programmes that enable them to transttion more successfully into work with
focus on digital and green skills development as a priority area.
Public Benefit Statement
During the Covid-19 pandemic, 16-24 year olds lost their jobs at 3-5x the rate of every Dther age group.
There is unprecedented growing demand for digltal skills leaving young people from significantly
disadvantaged backgrounds as in an increasingly tech-enabled work environment, they are at even
higher risk of being left behind.
Volunteers
The Foundation is run by volunteers who do not receive remuneration for this work.
Achievements and perfonnance
New charity name to align with our target beneficiary group.
Development of a new donor programme for companies and individuals to support our target
beneficiary group.

Page 4
Hundo Foundation Ltd
Company Limited by Guarantee
Directors, Annual Report (Incorporating the Director's Report) (¢ontinuedJ
Year ended 30 June 2024
Financial review
The decision to make a modest investment with unrestricted funds into a Social Impact Company
building a tech solution to the issue of youth unemployment was made on the basis that significantly
more young people could be supported into employment in the near-term, while providing the potential
for a good future return to the Foundation. This was considered to be a more effective use of the
funds that were available rather than them remaining unused.
The charty continues its operations with income from grants and donations of £30,816 {2023.'
£87,084). Expenditure on charitable activities amounted to £79,355 (2023: £18,037). Included in
charttable expendtture are grants totalling £76,400 {2023: £2,250).
For the current year the charitys primary focus is on the development of our original bursary
programme.
At the year end. the charity had reserve5 of £73,99012023.. £122,529). It is the policy of the charty that
unrestricted funds which have not been designated for a spectfic use should be maintained at a level
equivalent to three month's expenditure. The trustees consider that reserves at this level will ensure
that, in the event of a significant drop in funding, they will be able to continue the charity's current
activities while consideration is given to ways in which additional funds may be raised. This level of
reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that
systems are in place to mitigate exposure to the major risks.
At the time of approving the financial statements, the trustees have a reasonable expectstion that the
charity has adequate resources to continue in operational existence for the foreseeable future. Thus
the trustees continue to adopt the going wncern basis of accounting in preparing the financial
statements.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitied to
the small companies exemption.
The directors, annual report was approved on .............................. and signed on behalf of the board of
trustees by-
Esther OCallaghaA (Apr 29, 2025 1£..
3 GMT*£l
E M O'callaghan
Director

Page 5
Hundo Foundation Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Directors of Hundo Foundation Ltd
Year ended 30 June 2024
I report to the directors on my examination of the financial statements of Hundo Foundation Ltd ('the
chartty) for the year ended 30 June 2024.
Responsibilities and basis of report
As the directors of the Gompany (and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 20061'the 2006 Act,).
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 my examination of
the charty's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 AcY>- In
carrying out my examination I have followed the Directions given by the Charity Commission under
section 145(5)Ib) of the 2011 Act.
Independent examinerfs statement
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me Cause to believe..
accounting records were not kept in respect of the charty as required by section 386 of the
2006 Act", or
the financial statements do not accord with those records., or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other 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
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102).
I have no concems and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Colin Reid
Independent Examiner
Camburgh House
27 New Dover Road
Canterbury
Kent
CT13DN

Page 6
Hundo Foundation Ltd
Company Limited by Guarantse
ststement of Financial Activities
(including income and expenditure account)
Year ended 30 June 2024
2024
Unrestricted
funds Total fun(ts Total funds
2023
Note
Income and endowments
Donations and legacies
Total income
30,816
30,816
30,816
30,816
87,084
87,084
Expenditure
Expenditure on charitable activities
Total expenditure
79,355
79,355
79,355
79,355
18,037
18,037
Net (expenditure)lincome and net movement in funds
(48,539)
(48,539)
69,047
Reconciliation of funds
Total funds brought forward
Total funds carried forward
122,529
73,990
122,529
73,990
53,482
122,529
The statement of financial activtties includes all gains and losses recognised in the year.
All income and expendtture derive from continuing acttvtties.
The notes on pages 8 to 13 fom part of these financial statements.

Page 7
Hundo Foundation Ltd
Company Limited by Guarantee
Statement of Financial Position
30 June 2024
2024
2023
Note
Fixed assets
Investments
12
46,695
46,695
Current assets
Debtors
Cash at bank and in hand
13
25,600
2,101
77,089
27,701
77,089
Creditors: amounts falling due within one year
Net current assets
14
406
1,255
75,834
27,295
73,990
73,990
Total assets less current liabilities
122,529
122,529
Net assets
Funds of the charity
Unrestricted funds
73,990
73,990
122,529
122,529
Totsl charity funds
15
For the year ending 30 June 2024 the charty was entitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance wtth section 476-,
The directors a¢kno￿edge their responsibilities for complying wtth the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial ststements were approved by the board of trustees and authorised for issue on
and are signed on behalf of the board by:
Eslket Dcaua
Esther OCallaiThan (Apr 29, 2025 1
3 GMT+21
E M O'callaghan
Director
The notes on pages 8 to 13 fomi part of these financial statements.

Page 8
Hundo Foundation Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 June 2024
General information
The charity is a public benefit entity and a private company limrted by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT13DN, England.
Statement of compliance
These financial statements have been prepared in compliance wrth FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's abilty to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectstions of
future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the directors for particular fLrture project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of sub-classes= restricted income funds or
endowment funds.

Page 9
Hundo Foundation Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity. it is probable that the economic benefrts associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income=
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derNed from the cost to the donor
or the estimated resale value. Donated facilitie5 and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
in￿rne from contracts for the supply of services is recognised with the delivery of the
contracted seNice. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
tt may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classrfied under headings of the statement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activtties, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activtties that further its charitable aims for the benefrt of tts beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charttable
activrf(ies.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories refiecting the use of the resource. Direct costs
attributsble to a single activity are allocated directly to that activty. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair
value. If fair value cannot be reltably measured, assets are measured at Cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in
income or expenditure.

Page 10
Hundo Foundation Ltd
Company Limited by Guarantee
Notes to the Financial Statements (contirjued)
Year ended 30 June 2024
Accounting policies (continued)
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost
less any accumulated impairment losses.
Investments in associates accounted for in accordance with the fair value model are initially
recorded at the transaction price. At each reporting date, the investments are measured at fair
value, with changes in fair value taken through income or expenditure. Where it is impracticable
to measure fair value reliably the cost model will be adopted.
Dividends and other distributions weived from the investrnent are recognised as income without
regard to whether the distributions are from accumulated profits of the associate arising before or
after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
Possible reversal at each reporting date.
Financial instruments
Financial liabiltties and equty instruments are classified according to the substance of the
contractual arrangements entered into.
Debtors and creditors with no stated interest rate and receivable Dr payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in the profrt and
loss account in other administrative expenses.
Loans and borrowings are initially recognised at the transaction price including transaction costs.
Subsequentty, they are measured at amortised cost using the effective interest rate method, less
impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Limited by guarantee
Every member of the Company undertakes to contribute to the assets of the Company in the
event of st being wound up, up to a maximum of £1.
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Fund5
2024
Funds
2023
Donations
Donations
30,816
30,816
87,084
87,084

Page 11
Hundo Foundation Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
Charitable activities
Support costs
76,400
2,955
79.355
76,400
2,955
79,355
2,250
15,787
18,037
2,250
15,787
18,037
Expenditure on charitsble actlvltles by activity type
Activities
undertaken
directly Support costs
Totsl funds
2024
Total fund
2023
Charitsble activities
Governance costs
76,400
1,205
1,750
2,955
77,605
1,750
79,355
16,387
1,650
18,037
76,400
Analysis of support costs
Analysis of
support costs
activty 1 Total 2024 Total 2023
Human resources
Governance costs
1,205
1,750
1,205
1,750
14,137
1,650
2,955
2,955
15.787
Independent &xamination fees
2024
2023
Fees payable to the independent examiner for:
Independent examination of the financial statements
1,750
1,650
10. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefrts of more than £60,000 during the year {2023: Nil).
11. Trustee remuneration and expenses
None of the trustees (or any persons connected with them) received any remuneration or
reimbursements for expenses during the year (2023: £Nil).

Page 12
Hundo Foundation Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
12. Investments
Other
investments
Cost or valuation
At 1 July 2023
Additions
46,695
At 30 June 2024
46,695
Impairment
At 1 Juty 2023 and 30 June 2024
Carrying amount
At 30 June 2024
46,695
46,695
At 30 June 2023
All investments shown above are held at valuation.
The investment represents the cost of a 2.0 /0 holding in the ordinary shares of Hundo Limited, an
unquoted company in which the trustees E M O'callaghan and P E Collins have a financial
interest. In the opinion of the trustees the value of this investment is not less than its cost.
13. Debtors
2024
2023
Other debtors
25,600
14. Creditors: amounts falling due within one year
2024
2023
Trade creditors
Accruals and deferred income
(1,344)
1,750
406
(395)
1,650
1,255
15. Analysis of charitable funds
Unrestricted funds
At
Income Expendtture 30 June 2024
At 1 July 2023
General funds
122,529
30,816
(79,355)
73,990
At
Income Expenditure 30 June 2023
At 1 July 2022
General funds
53,482
87,084
(18,037)
122,529

Page 13
Hundo Foundation Ltd
Company Limited by Guarantee
Notes to the Financial Statements (conlinugd)
Year ended 30 June 2024
16. Anatysis of net assets between funds
Unrestricted Totsl Funds
Funds
2024
Investments
Current assets
Creditors less than 1 year
Net assets
46,695
27,701
(406)
73,990
46,695
27,701
(406)
73,990
Unrestricted Total Funds
Funds
2023
Investments
Current assets
Creditors less than 1 year
Net assets
46,695
77,089
(1,255)
122,529
46,695
77,089
(1,255)
122,529
17. Related parties
During the year, funds of £76,400 were donated to Hundo Ltd, a company which has 2 directors
in common. At the year end, there is a balance of £25,600 included within prepayments that
relates to grants due to Hundo Ltd.