Tracking ID.. loo33-12431s0 Charity registration nurnber 1196403 {England and Wales) Company registration numbÈr 12899786 Hofenung Foundation Annual Report And Unaudited Financial Statements For The Year Ended 30 September 2025
Tracking ID.. loo33-12431s0 Hofenung Foundation LEGAL AND ADMINISTRATIVE INFORMATION Twstees Lord J Menddsohn Trevor Chinn Tracey Alen Charity nUMr (England and Waks) 1196403 Company number 12899786 Registered offic& Handel House 95 High Street Edgwa Middlesex HA8 7DB Independent examiner PinnKk Lewis LLP Handel House 95 High Streel Edgware Middlesex HA8 7DB
Tracking ID.. loo33-12431s0 Hofenung Foundation CONTENTS Pago Trustees, reFrf)rt Independent examinerfs reFQrt Slalemenl of finanal acliwlies Balance sheet Notes lo the finanrAal statements 6-10
Tracking ID.. loo33-12431s0 Hofenung Foundation TRUSTEES. REPORT lincluding Directorfs Report) For The Year Ended 30 September 2025 The truslees present their annual report and financial statements the year ended 30 September 2025. The financial slalemenls have been prepared in acoydance wlh the accounting policies set out in note 1 to the financial statements and comply wth the Charitys goveming document. the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Irdand. and the Charities SORP 'Accounting and Reporting by Charities.. Statement of Recommended Practice alcae to chanties preparing their accounts in accordance wrth the Financial ReportiThJ Standard aWicable in the UK and Republic of Ireland IFRS 1021.. Objectives and activities Objectives and 8Jms To promote racial tolerance and eliminate discrimination, in particular anti-semitism but not exdusively by the provlsion of fijnding and other support to charities. organisations and individuals and the promotion of effective interventions and approaches that seek to prevent. ccwjnter and address such racial intolerance 8nd dis¢rimin8tion. In furtheran¢e of this object bul not Othe1$¢, the Irustees shall have the power lo engage in political actiwty provided that the trustees are satisfied that the proposed activities will further the purposes of the charrty lo an eK¢enl juslified by the resources o)mmitted and that suth actwilies are not the dominant means by which Ihe charity carries oul its objects. Grantmaking The Foundation will generally make smaller, me frequent grants (under £10,000), bul do not rule OLrt considering ony grants which further its missbon. os the reserve$ allow Publi¢ benefit The Iruslees have paKI due feg8rd to guidance issued by the Charity Commission in deading what activities the Charty SlUId uj0rtake. Achlevements and perfomian¢e Significant activities and a¢hvementS ggainst objoclwos Fundraing activities The charity has been set up recenuy and is in the process of establishing itself. crnY il dces not use fundraising services, consultants or extemal professional fvndraisers to undertake its fvndraising Bclivities. Addrtion8lly, no dal8 is shared vmth sold to any exfrmal agenoes. It has not yet launthed a Webte and does not have a s137 media presence on any platform.At present it has no databases or subscribers and has not undertaken any direct mail campaigns or held any events.The charity will begin to build ¢ontacts through existing business neNvorks but wll t)ot approach or pressure vulnerable people to support its work. A complaints policy is in place. .No complaints were recEived and no failures lo CoMY were identified in the current period. The charity adheres lo the Fundraising Code of Practs'ce issued by the Fundraising Regulator.The charity intends to ensure that any fvture fundraising events are monitored by the Trustees andlor 8ppointed charity representatives wth contact made during the preparatson for, and clean up from, the event.All future marketing materials will be checked by the Trustees andlor appinted charity representatives.to ensure they comply wilh the Fundraising Code of Practice Financial review Reserves policy The trustees regularfy review the level of reserves to ensure that the charity can continue to operate effectively and meet its oblig8tions, even in the event of unforeseen circumstan. The aim is to m8intain unrestricted resetves at a level sufficient to cover at least three to six months of core operabng costs. At year end. unrestricted reserves stood at £25,388, 1¢h the trustees consider to be adequate for the charitys current scale of activities. Structurè. govèmancè and managÈmÈnt The Charity is a ccmmpany limited by guarantee. incorporated in England and Wales under a memorandum and articles of asso¢i8tK)n.
Tracking ID.. loo33-12431s0 Hofenung Foundation TRUSTEES. REPORT lincluding Directorfs Report) For The Year Ended 30 September 2025 The trustees, who are also the directors for the purrM)se of tMpanY law, and who seNed during the year and tjp to the dale of signature of the financial statements were: Lord J Mendelsohn Trevor Chinn Tracey Allen Recrurtment and appointment oftrustees Trustees are appointed in accordance wlh the Charity's ArteS of Assoc¥al. They may be appointed either by the members at a general meeting or by the Board of Trustees. None of the trustees has any beneficial interesl in the company. All of the trustees are members of the company and guarantee lo contribute £1 in the event of a winding up. The Foundalk)n has no dlrect staff. Currently the Trustees carry out all financL41 managèment tasks and adminlstrative tasks voluntarily. The company's current wlicy remIrj the payment of trade creditors is to follow the CBI'S Prc4npI Payers Code (copies are available from the CBI, Centre Pcmnt, 103 New Oxlord Street, LI WC1A 1 DUI. The companws current pollcy conceming the poyrent of trade ryedilors is lo: setue the lem)s of payment wilh suppliers when agreeing the terms of each transaction. ensure that Suppliers are ma¢Je aware of the tem of payment by indusion of the relevant lemis in contracts; and pay in occoTd8nce with Ihe companys conlroclual aTrJ other legal oblwJgtion$. The report was approved by the Bogrd of Tw$lees. Tracey Allgn Trustee 19 May 2026
Tracking ID.. loo33-12431s0 Hofenung Foundation INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOFENUNG FOUNDATION I report lo the trustees on my examination of the financial stslements of HofenuThJ FouThlation (the Charity) for the year ended 30 September 2025. Responsibilities and basis of report As the trustees of the Charity land also its directors for the wrposes of company lawl. Y¢ are resFx)nsible for the preparation of the financlal statements in acwTdance the requirements of the Companie5 Act 2006. Having satisfied myself that the ffinanual statements of the Charity are not required to be audited under Part 16 of the Companies Act 20C6 and are eligible for irKlependenl examination. I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Charities Act 2011. In caryin9 Out my examination I have foll0v the Directions given by the Charity Commission uTrJer section 145(5Kbl of the Charitses Ad2011. Independent examiner's statement Since the Charity's gross income exceeded £250,(M)O. Ihe independent examiner musl b& a member of a body listed in section 145 of the Charities Act 2011. I confimi that l am qualified to undertake the examination because I m a member of the AS$1?110n of Chortered ce.fied Accwntsnl$, which is one of the listed bodies. I have cornpleled my examination. I confirm that no matters have come to my attention in Connection with the examination giving me cause to bdieve that in any material respect.. acwunting re¢ords were not kept in re$pe¢l of the Charity as wuired by section 386 of the Companies Act 2006. the financial statements do not accord th those records.. or the financial slalemenls do not comply wtth the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that ihe financial statements give a true and fair view. which is not a matter considered as part ol an independent examination.. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recx)mmended Practice for ac£ounling and reporting by charities applicable lo charities preparing their financial slalements in acc%)rdan wlh the Financial Reporting Stsndard applicable in the UK and Repu1¢ of Ireland IFRS 102). I have no Concems and have come across no other matters in oneCtIon wth the examination to which attention should be drawn in this report in order lo enable a prijper urKlerstanding of the financial statements lo be reached. Pinnick Lewis LLP Handel House 95 Hh Street Edgware Middlesex HA8 7DB 19 May 2026
Tracking ID.. loo33-12431s0 Hofenung Foundation STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT For Th Year Ended 30 Septemb*r 2025 Unrestricted Unrestricted funds funds 2025 2024 Incom• from: Donations and legacies 371.013 130.000 Total in¢om• 371,013 130,000 Expendlture on: Chartsble actsvitses 379,340 102,684 Total expenditurn 379,340 102.684 Net incomellexpenditurel and movemenl in funds 18,3271 27,316 Reconciliation of funds.. FurKI balances al 1 October 2024 33,715 6,399 Fund balances 4130 September 2025 25,388 33,715 The stslemenl of financial acliwlies indudes all gains aThJ k)sses recconised in the year. Al income and expendrture derive from continuing acts'vrties.
Tracking ID.. loo33-12431s0 Hofenung Foundation BALANCE SHEET As At 30 September 2025 2025 2024 Notes Current assets Cash at bank and in hand 43.922 51.699 Creditors- amounts falling due within one year 11 118.534 {17.9841 Nel ¢urren¢ a55ets 25.388 33,715 The funds of the Charity Unrestricted funds 12 33,715 25,388 33,715 The company Is entitled lo the exemption from the audrt requirement tsjntained in section 477 of the Companies Act 2C4X, for the year ended 30 September 2025. The directors acknovledge their respcmsibi1lt for cximplwng wlh the requirements of the Companies Act 2006 Imth respect lo accounlng records and the preparation of financkql statements. The members have not requlred the company to obtaln an aLJIt of its finan¢lal statements for the year In question In a¢¢ordance wrth section 476. These financial $tatemenl$ have been prepared in accordance with the provi$)n$ applicable to wmpanie$ subject lo the small mpanieS regime. The financial stslemenls were approved by the trustees on 19 May 2026 Tracey Allgn Trustee Company registration number 12899786 {England and Wales)
Tracking ID.. loo33-12431s0 Hofenung Foundation NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 30 September 2025 A¢counling poli¢ies Charty information Holenung Foundatson is a private company limited by guarantee incg)rFrf)rated in England and Wales. The registered office is Handel House. 95 High Street. Etyare. Middle5ex. HA8 7DB. 1.1 Ba$1$ of prnparation The financial statements have been prepared in accordance wlh the Charitys governing document. the Companies Act 20C6, FRS 102 The Finanal Reporting Standard applicable in the UK and Republic of Ireland" and the Chariti88 SORP "Accounting and Reportir*g by Charitie8'. Ststement of Recommended Practice applicable to charities preparir¥3 their accounts in accordance wth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).. The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken thantage of the provisiorts in Ihe SORP for ch8rities not lo prepare a statement of cash flows. The finBncial statements are prepared in slerting, %thich 1$ the fUndn91 currency of the Chority. Monetsry amounts in these financial slalemenls are munded lo the nearest £. The financial statements have been prepared under the historical cost convention, Imc¥Jified to include the revaluation of freehdd properties arKI lo indude investment properties and certain financial Instrurrts al falr valuel. The pnncipal accountin9 pdiues adopted are sel out below. 1.2 Going COnM Al the time of approving the financial statements, Ihe trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existen for the foreseeable lulure. Thus the trustees continue lo adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable lunds Unreslricled funds are available for use at the dlscretlon of the trustees In furtherance of Ihelr chatable objectives. Restricted lunds are subj'ect to specffic condilions by donors N grantors as lo how they may be used. The purposes and uses of the tricted funds are sel wt in the notes to the finanual sl8lements. Endowment funds are subject to slf1¢ (xywjthons by donors Ihal Ihe catal must be maintained by the Charity. 1.4 Income Income is recognised when the Charity is legally entitled lo il after any perfOrnian conditions have been met, the amounts can be measured relkably, aThJ it is probable that IrMe wll be received. Cash donations are recognised on receipt. Other donations are rwnised On the Charity has been notified of the donation, unless performance conditions requiTe deferral of the amount. Income tax recoverable in relation to donath)ns received under Gift Aj'd or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or othermse rf the Charity has been Th)tffied of an impending distribution. the amount is known, and rept is exFeCted. If the arrKJunt is t known, the legacy is treated as a contingent asset.
Tracking ID.. loo33-12431s0 Hofenung Foundation NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For The Year Ended 30 September 2025 Accounting policies (Continuodl 1.5 Expenditure Expenditure is re¢aniSed once there is a legal or constnKbve obligation to transfer ecx)nomi¢ benefit to third paty, it is probable that a transfer of economic benefits will be required in setllement, and the amount of the obligation can be measuied rdiably. Expenditure is classified by activity. The (sts of each 8Ctivity are made up of the total of direct costs and shared costs, induding support cosls involved in undertakn.ng each activity. Direcl costs attribuiable to a single activity are allocated direcUy to that ath'vity. Shared costs which contribute to more than one activity and support costs which are not attribulable to a single acts.vity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff Costs a alkxaled on the basis of lime spent, and depreciation charges are allocated on the wtion of the asset's use. 1.6 Cash and cash •quival•nts Cash and cash equivalents indude cash in hand, deposits hehd al call with barbks. other short-lerm liquld investments wlh onginal malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Baslc flnanclal assets Basic financial 8$$et$. which in¢lude deblors and $h and bank balances, are inits'ally mea$ured at transaction price including transaction costs and are subsequenlly carried at amortised cyjst using the effective interest meth( unless the arrangement constilutes a financing transadion. where the transaction Ss measured al the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc flnan¢l•l Ilabllltles Basic financial liabilities, induding Credit aj bank loans are InallY rewJni$ed at transaction pnce unless the arrangement consbtutes a financing transaction, where the debt instrument is measured at the present value ol the future p8ymenls discounted al a market rate of inleresl. Financial Ik8bililies Classif as payable within one year are not amortised. Debt instruments afe subsequently carried at antised cost. usiThJ the effective interest rate method. Trade creditors are oblwations to pay for goods or services that hBve been acquired in the ordinary course of operations from suppliers. Amounts payable are dassffied as current liabilities if payment is due within ono year or less. If not, they are pfesented as non-current liabilities. Trade cdrtOrS are recognised initially at transactic price and subsequently measured at am0'sed cost uwng the effective interest methrxl. Derecognition of finanelal Ilablllties Financi81 liabilities are dere¢ognised when the Charity's cry)tr8Ctual obligatsons expire are dSscharged or cancelled. Income from donatiOll5 and legacies Unrestricted funds 2025 Unrestricted funds 2024 Donations and gifts 371.013 130.000
Tracking ID.. loo33-12431s0 Hofenung Foundation NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For The Year Ended 30 September 2025 Expenditure on Charitable a¢ti¥itses Activities Support & undertaken govemance costs Total Activtties Support & undertaken governance costs Totsl 2025 2025 2025 2024 2024 2024 Dire¢1 costs Grant funding of activities 1888 note 41 375.744 375.744 99.407 99.407 Shar• of support and g0voman costs Is¢• note 5) Governance 3.596 3.596 3.277 3.277 375,744 3,596 379,340 99,407 3,277 102,684 Analysis by fund Unrestricted lunds 375.744 3.596 379.340 99.407 3.277 102.684 Grants payabl• Activitie5 Activities undertaken undèrtakon 2026 2024 Gran15 to in51ilutions: Other 345,844 99.407 Grants to individuals Support costs allocated lo activities 2025 2024 Govemance costs 3.596 3.277 Analysed between: Support & governan costs 3.596 3.277 2025 2024 Govemance costs comprise: AcLounlancy Bank charges ofessional subscription 3.070 491 35 2.760 482 35 3,596 3.277
Tracking ID.. loo33-12431s0 Hofenung Foundation NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For The Year Ended 30 September 2025 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl(creditiThJ)'. Fees payable for the irKlependenl examination of the chariws finanu81 statements 3,070 2,760 Trustees None of the Iruslees lor any persons connected vthh them) received any remuneration or benefits from the Chgrity during the year. employo0$ The average monthly number of empkjyees during the year was.. 2025 Number 2024 Number Total There were no employees whose annual remuneration was than £60.0W. Taxation The charity is exempl from taxation on ts aclivilies because all its income is applied charitable purposes. 10 Loans and overdrafts 2025 2024 Other loans 15.534 15.534 Payable wthin ong year 15.534 15,534 11 Creditors: amounts falling dut within one year 2025 2024 Borrowtngs Trade creditors Accrua15 and deferred irKow 15.534 15.534 250 2.200 18.534 17.984
Tracking ID.. loo33-12431s0 Hofenung Foundation NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For The Year Ended 30 September 2025 12 Unrestri¢ted funds The unresth.cted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include deslgnaled fijnds which have been set aside out of unTe5tricted lunds by the trustees for specTfic purposes. At 1 Octob•r Incoming 2024 resour¢es R•sourc•s At30 expended September 2025 General funds 33,715 371,013 (379,3401 25,388 Previous year: At 1 October 2023 Incoming Resources At30 resources expended September 2024 General funds 6,399 130.000 (102.6841 33,715 13 Related party transadions As at the balance sheet datè, a Sum of £3.032 12024.. É3.032} was (hved to Red Capital Ltd. a rnPany owned by a dire¢tor and trustee of the ¢harity. Durino the year, a donation of £76.813 (2024.. Nil) was Pa to No Pasaran Med¢a Ltd. a not for profit company, controlled by a director. 14 Loan trom the trustees The Charity have a loan of £12.502 (2024.. £12.)2) from ivs trustees.