CHARITY COMMISSION FOR ENGLANO AND WALES Trustees, Annual Report for the perfod From 2010312023 3110312024 Charity name: Hyfa Foundatlon Charlty reglstratlon number 1202386 Objectives and Activities Summary of the purposes of the charity as set in its governing docuTnent Pa 1.17 The advanment of financial education in the United Ifjngdj. in partilar not exdusively for young people from ecx)nomi(311y deprived areas, by providing finanoal Itteracy programmes. coutses. and Summary of the main activities in relation to those purposes for the public benefic in particular. acbvitses. projects or servi$ identified in the P44 1.17 Educational rkShopS and (x)urses delivered in petson and online that provide training on managing personal finan(x. Statement confinnirvJ whether the trustees have had Tegard to the guidan issued by the Charity Commission on public benefit P¥a 1.18 Yes the Trustees have had regard to the guidan issued by the Charity Cornmission on public benefiL This was communi(xted to us during the appli(2tion pT(Mx Additlonal infornmtlon (optlonal) You ma choose to include further statements where relevant abcK PoliLy on grdnt makirg Pwa1JB Policy on social investment induding pnjgram related Inveslment P*J1aB Contribution made by volunteers
Other Achievements and Performance During our fitsl year we worked with two educational organisations. One is a specialisl provider or AsS to Higher Education Diplomas in Creative Entrepreneurship and the other was publidy funded College in one of London's most deprived boroughs. With regard to the fomer. the students are all under 25 and receiving financial supporL The workshop focused on fundarnentals of income and )sts. Wrth regard to the latter. we provided a (x)urse c)nsisting of 6 sessions. to 5 different dasses of students aged 1&18. covering personal finan fundamentsls from bank accounts. debit arKI credit cards, interest and inflalion, saving. budgeting and personal tax. We assessed students. knovAedge and o)nfidence before and after the programme and achieved a 34Vo uplift in knovAedge and (x)nfiden. The collage have asked us to tU. Our programme provided unique educatH)n f<x an underswved Summary of Ihe main achievements of the charity, Identifying the diffen the charitys work has made to the arcuMstan$ of its beneficiaries and any wider benefits to society as a whole. Pwa 120 Additional InfornMtlon (optional) You ma choose to indude further ststements where relevant abt Achievernents against objectives set Pa 1A1 Perf0mnCe of fundraising activilies against objeclives P11 Investrnent perfomiance against objectives P•• 1A1 other
Financial Review Review of the charity's financial position 8t the end of the eriod ststement explaining the policy for holding reserves statin arè held Amount of reserves held Reasons for holdirvJ zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concem Para 1.21 Incorne: £18.767 Spending: £17,965 Cash in bank: £802 Reserves will be used to fund ongoing activity for the charity. Para 122 Para 122 £802 P•a122 P#124 P•# 123 None Addltlonal InfoMtIon (optlonal) You ma choose to indude further staternents where relevant ab¢t The charitrfs prinupal . sources of funds (Induding any fundraising) P• IA7 Investrnent policy and objectives induding any social investmenl FK)Iicy adopted P•a 1A6 A description of the prin(ypal risks facing the chaiity Pwa 1Afj Other
Structure. Governance and Management Description of charity's trusts: Type of goveming document trust d.-e.d. ro, How is the charity constituted? Ic q Lin',ncorporated. -iOCI,Ilion. CIO) Trustee selection methcKIs Including detsils of any constitutional provisions e.g. election to post or name of any person or body entiued to appoint one or more trustees Pa 125 Constitution Para 125 cio Pwa 125 Trnstees a voted on by Trustees Addltlonal Infomiatlon (optlonal) You rna chcM)se to indude further statements where relevant al)out Policies and prOdureS adopted for the induction and training of trustees The charitys organisational structure and any wider neOrk wth which the charity works Pa 151 Relationship with any related parties P¥4 131 Other Reference and Administrative details Chari name Other name the cha uses istered chari number CharitWs principal address Foundation 1202386 386 Goldhawk Road London W6 OSB
Names of the charlty trusteos who manage the charlty TrtrO nam• Ollk• IK w) Namo of pern¢)n lor body) •ntltl•d Ifan Meenakshi Anand Calvin Cowell Stephen Mix 10 11 12 13 14 15 16 17 18 19 20 orate trustees- names of the directors al the dale the re Dlrector name Name of trustees holding title to propety belorvJing to the charity Trustse name
Funds held as custodian trustees on behalf of others Des¢xiption of the assets nla held in this capacity Name and objects of tho charity on whose behalf the assets are held and how this falls within the $tOdian charitys objects Details of arrdruements safe custody and segregation of such assets frDm the charills (y*n assets ra Addttlonal InfOrntIOn (optional) Names and addresses of advlsers (Optlonal Inf0mtIon) Type of Name Address advlser Accounta nt Sanjar Khan FCCA (ITax soluticK Ltd) 10 BEC2. 50 Wakerir¥J Road Barking. IG118GN Name of chlef executfve or names of senlor staff members (Optional informatlon) Exemptions from disclosure Reason for non4isdosure of k nel detsils Other o tional Information
Declarations The trustees declare that they have approved the trustees. report above. Slgned on behalf of the charity's trustees Slgnature(s) Full name{s) Posftlon (eg Secretary. Chalr, otc) Stephen Mix Chair Date 12109r24
Hyfa Foundation Recei or ¢)d CC16a tsand 2010312023 ments accounts 3110312024 To Section A Receipts and payments Vnrnstrl¢t•d funds Total lunds fvnd5 L•st y•ar A1 R•ceipts Sub totalfGross I{¥e for ARJ 18.717 A2 Asstt and Inveslment s•1 Is•¢ table). Sub total 14767 14767 ¢nts 1tyJ Sub total 17J6S 17.965 A4 Asset and investh•nt urchas•s. see table Sub total 17.HS 1T.916 Net of rpcelptsl(payments) A5 Trnnsl•r5 bth7o¢n funds A6 Cash fund5 last y•ar•nd Cash funds thls yearend £2 CCXX R1 aCtnts ISS)
Section B Statement of assets and liabilities at the end of the period Unr•strlct•d fvnds R•strlel•d Endowment funds Categories D¢¢ails B1 Cash funds Total cash ffunds fuThls lunds D•talls Details B3 Inv•stm•nt ass•ts Dtrtslls 84 Ass•ts rin•d for th• ohriVs (r us• Details B6 Uabllftl•s 81gned ty on• ortotrwt••5ty1 rEP4Ehl IM(K CCXX R2 arjnts ISSI