Charity number: 1208S03 THE HARKALM FOUNDATION UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 THE HARKALM FOUNDATION CONTENTS Page Reference and administrative detsils of the charity, its trustees and advisers Trustees, report Statement of financial activities Balance sheet Notes to the financial staternents THE HARKALM FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY AND ITS TRUSTEES FOR THE PERIOD ENDED 31 DECEMBER 2025 Trustees Marie-Helene Cuckow IAppointed 3 June 20241 Belle Ahmet (Appointed 3 June 20241 Joseph Isaacs (Appointed 3 June 2024 Stsnley Chan (Appointed 3 June 2024} Adam Harvey IAppoinled 25 July 20241 Charity registered number 1208503 Principal office 11 Rosemont Road London NW3 6NG Bankers Lloyds Bank plc 25 Gresham Street London EC2V 7HN Page 1 THE HARKALM FOUNDATION TRUSTEES. REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024 The TnJslees present their annual report togetherwith the financial statements of the charTty for the period 3 June 2024 10 31 December 2024. The Harkalm Foundation is registered with the Charity Commission under number 1208503. Structure, governance and management The principal object of the charty is to support projects and charitable events which centre around families with young children, as well as initiatives f(￿USed on development. healthcare. and education programmes. The Foundation, conslituled as a Charitable Incorporated Organisalion ICIOI is governed by ils constitution adopted on 3 June 2024. The Board of Trustees is responsible for the overall governan￿, strategic direction. and financial oversight of the Foundation. Trustees are appointed in accordance with the provisions of the governing document and bring a range of professional and voluntary experience lo the chanty's work. New trustees are provided with an induction on the charity's acliv1ty"es. governance requiremen15. and trustee resFX)nsibilities. The Iruslees meet regularly to review progress. approve grants and expenditure, and ensure that all activities align with the charity's objectives and public benefit requirements. Day-t(Hlay administration is earried out by the trustees on a voluntary basis. wrth no paid staff currefidy employed The Iruslees actively assess and manage the key risks facing the charity. This Includes reviewing financial controls, safeguarding policies, and compliance with relevant legislation. The trustees are salisfr'ed that appropriate systems a￿ In place to miligale identified risks The management of the charty is the fesponsibility of the Trustees who are elected and co-opted under the terms of the Conslilution. Objectives and Activities The Foundation provides both financial stjpport and hands-on volunteering to established charitable organisalions whose work aligns with our mission. Our chanlable purposes are to advance education. promote health. and relieve poverty. primarily through partnership with organisab.ons delivering direct impact in these areas Our work focuses on three key areas.. Supporting Families Affected by the Cost-of-Living CrTrsis Providing practical and financial assistance to families with young children experiencing economic hardship. Championing Education and Healthcare Expanding educational opportunities for young women and supporting Initiatives that improve access lo quality healthcare. Funding Global Development Conlribuling lo projects intemab"onalty in the areas of education. healthcare. and community developmerbL The Foundation was registered as a charity in June 2024 and launched ils activities mid-year. Within our first six months of operation, we hosted our inaugural fvndraising event in July 2024 and committed lo supporting two charitable organisalions. These eafly initiatives have ￿ld the foundats.on for our ongoing granl-making and volunteer programmes. Page 2 THE HARKALM FOUNDATION The Iruslees ¢onfim that. in planntng and (arrying out the charity's ath"vrties during the year. they have had dLJe regaid to the Charity Commission s guidance on public benefrt_ Achievements and Perforn)ance During this initial reporb.ng period. the FovndatN)n focused on establishing tts charitable activities and partnerships In line wth its stated objectives Despite operat&ng for only part of the year, the Foundation successfully supported two registered charities through Lx)th finanual contnbutions arKI active volunteering. 1. Shett¢r- National Campaign for Homeless People Limlted (Charity number 263710) The Foundation made a finanaal donation to Shelter aThJ in addrtion. trustees and volunteers provided on-the- ground support by participating in the Walk for Home Winter event in London. This contribution supported Shelter's work in tackling homelessness and housing insecurity. directly aligning with OUT aim lo assist families affected by the cosl-of-living crisis. 2. Behlnd Every Klck. (Charity number." 1159001) The Foundation made a financial contributs'on to Behind Every Kick, an organisalion that uses the power of sport to help young people reach the¥r potential both on and off the field. The Foundation's support contributed to programmes that build confidence. teamwork. and lrfe skills for young people from disadvanla9ed backgrounds, reflecting our focus on education and personal development. These early achievements demonstrate the F(KJndatson'5 abilty to mobilise volunteers, engage the communty, and deliver tangible support lo charitable partners The trustees a￿ encouraged by the positive response lo these initiatives and are Committed lo expanding the Foundaliori s reach and impa¢t in the Coming year. Flnanclal revlew During the pefiod. the charity received total donations of £1.83012023. £nill bringing the totsl incoming resources 10 £1,83012023.' £nill. Expenditure for the penod amounted lo £1,539 12023." £nill. This wmarily related to granl-making incurred In delivering the charty's principal actNity during the period. As a result, the charty recorded a net suwsjs of £29112023 £nill for the year. This amount Is held as unreslrict&l reserves at the year end. This amount is considered to appropriate and will be used to support the charity s ongoing and futu￿ acttvilies in line wtth rts objectives. This report was approved by the Trustees. ￿ 30 October 2025 and signed on their behakf by.. Marie-Helene Cuckow Trustee Page 3 THE HARKALM FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 3 JUNE 2024 TO 31 DECEMBER 2024 Totsl Funds 2024 Totsl funds 2023 INCOME FROM: Donations and legacies 1.830 TOTAL INCOME 1.830 EXPENDITURE ON: Charitable activities 1.539 TOTAL EXPENDITURE NET MOVEMENT IN FUNDS 291 RECONCILIATION OF FUNDS- Total funds brought foThvard TOTAL FUNOS CARRIED FORWARD 291 All income and expendrture was unrestn'cled. The notes on page 5 forms part of these financial stalenEnts. Page 4 THE HARKALM FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 CURRENT ASSETS Cash al bank and in hand 291 NET ASSETS 291 CHARITY FUNDS Unreslricled funds 291 TOTAL FUNDS 291 The financial ststemenls were approved by the Trustees on 30 October 2025 and signed on their behalf, by". rie-Helene Cuckow Trustee The notes on page 5 fomis part of these financial slatemenls. Page 5 THE HARKALM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES 1.1 Basis of preparation of financial staternents The financial statements have been prepared undeT the hislorpcal cost convention with items recognised at cost or transaction value unless otherwise stsled in the relevant notes lo these accounts The financial statements have been prepared in accordan￿ with the Slalemenl of Recommended Practi￿. Accounting and Reporting by Charit￿S preparing their accounts in accordance with the Financial Reporb"ng Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in 2019 and Financial Reponing Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and Charities Act 2011. The Harkalm Foundation constttutes a public benefit entity as defined by FRS 102. 1.2 Income All income Is recognised On￿ the charty has entittemenl lo the income. il is probable that the income will be received and the amount of income receivable can be measured reliably. 1.3 Expenditure Expenditure is recognised On￿ there is a legal or constructive obligabon to transfer economic benefrt lo a third party. It Is probable that a transfer of economic benefits will be required in settlement and the amount of the obligabon can be measured reliably. Charitable activities and Governance costs are costs incurred on the charity's opeffitions, including support costs and costs relating lo the govemance of the charity apportioned lo charitable activities. 1.4 Fund accounting General funds are unreslricled funds which are available for use al the discretion of the Trustees in fvjrtherance of the general objects'ves of the charity and which have not been designated for other purposes. NET INCOMEIIEXPENDITURE} During the peri(xJ. no Trustee5 re￿Ned any remuneration. During the peri(xl. no Trustees r￿1Ved any benefils in kind. During the pefKxJ. no Trustees re￿iVed any reirnburse￿ent of expenses. INCOME FROM DONATIONS AND LEGACIES Unrestricted funds 2024 Total funds 2024 Total funds 2023 Donations 1,830 1,830 Page 6 THE HARKALM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 EXPENDITURE ON CHARITABLE ACTIVITIES Grants Made Unrestricted funds 2024 Total funds 2024 Total funds 2023 Grants Made Bank Charges Sofvare Expenses Direct costs 1.500 1.500 1.534 1.534 GRANTMAKING All grants made in the period were lo inslitutions12023- £nill. Grants were made to the followng institutions in the period". Namès (rfinstitutA)rt Total arrountoF yrnrrf¥ Paid £ 500 S￿ler 8eht¥J Ekery Krk Totalyrants toinsiittffjons in repNtingPW RELA TED PARTY TRANSACTIONS No related party transactions occurred in the peri(xl12023.' £nil}. Page 7