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REGISTERED COMPANY NUMBER: 07509537 (England and Wales)
REGISTERED CHARITY NUMBER: 1142347










REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THE HANDA FOUNDATION

THE HANDA FOUNDATION






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4

Notes to the Financial Statements 5 to 8

THE HANDA FOUNDATION (REGISTERED NUMBER: 07509537)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The Handa Foundation objectives are to advance:

- The understanding and promotion of education, sport and religion; and
- Such other charitable activities as the trustees in their discretion think fit.

Public benefit
Our main activities and who we try to help are described below. All our charitable activities focus on the advancement of the education of the public in all forms of sport and culture. This may take any or all of the following forms:

- The promotion of education, sport and religion;
- Supporting of educational, sporting and religious activities beyond the boundaries of age, ability, origin and
- Assistance in the training of sports people.

To achieve these goals, the charity anticipates periodically undertaking a variety of fund raising events and activities.Whilst the trustees have been active in the year, no fresh projects have been funded.

ACHIEVEMENT AND PERFORMANCE
Ensuring our work delivers our aims
We will review our aims, objectives and activities each year. The review looks at what we achieved in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups or individuals we are set up to help. The review also helps us ensure our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees will consider how planned activities will contribute to the aims and objectives they have set.

Review of the period and future developments
The Trustees continue to evaluate the aims of the charity and are presently exploring opportunities regarding projects and the funding thereof. In the past, the charity having donated to the Football Clubs in Global Partnership project, the charity continues to explore further opportunities for similar projects in the community in line with its objectives, as well as work with its sister charities worldwide promoting similar charitable aims. As with many areas of society the ability to achieve these aims had been restricted by the Covid-19 pandemic for a large part of the year.

The charity continued to keep its administration and governance costs to a minimum, as the intention remains that of being as cost efficient as possible for the charity.

FINANCIAL REVIEW
Reserves policy
The trustees have reviewed the reserves of the charity. This review encompassed the nature of the income and expenditure streams, the need to match variable income with fixed commitments and the nature of the reserves, presently all an unrestricted fund.

The review concluded that to allow the charity to be managed efficiently and to provide a buffer against interrupting ongoing commitments as well as ad hoc projects, a general reserve needs to be maintained. As at 31 January 2024 this reserve had not been established reflecting the present low level of activity. The level of reserve will be reviewed regularly to ensure sufficient funding from the principal benefactor whilst finding new donors for specific project as well as exploring alternate forms of fund raising.


THE HANDA FOUNDATION (REGISTERED NUMBER: 07509537)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07509537 (England and Wales)

Registered Charity number
1142347

Registered office
69-71 East Street
Epsom
Surrey
KT17 1BP

Trustees
Lord G L Carey
Ms M Miyazaki
Ms K Marshall

Company Secretary
N C Patel

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 17 September 2024 and signed on its behalf by:





N C Patel - Secretary

THE HANDA FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JANUARY 2024

31.1.24 31.1.23
Unrestricted Total
fund funds
Notes £    £   

EXPENDITURE ON
Charitable activities
Governance costs 361 361

NET INCOME/(EXPENDITURE) (361 ) (361 )


RECONCILIATION OF FUNDS
Total funds brought forward 2,500 2,861

TOTAL FUNDS CARRIED FORWARD 2,139 2,500

THE HANDA FOUNDATION (REGISTERED NUMBER: 07509537)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 5 2,500 2,500

CREDITORS
Amounts falling due within one year 6 (361 ) -

NET CURRENT ASSETS 2,139 2,500

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,139

2,500

NET ASSETS 2,139 2,500
FUNDS 7
Unrestricted funds 2,139 2,500
TOTAL FUNDS 2,139 2,500

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 17 September 2024 and were signed on its behalf by:





M Miyazaki - Trustee

THE HANDA FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation
The charitable company is a registered charity and as a result, is not liable to income tax or capital gains tax. Value Added Tax is not recoverable by the charity and, as such, is included in the relevant costs in these financial statements.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.


3. STAFF COSTS

The average number of persons employed by the charitable company, excluding the Trustees, was none.


THE HANDA FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   

EXPENDITURE ON
Charitable activities
Governance costs 361

NET INCOME/(EXPENDITURE) (361 )


RECONCILIATION OF FUNDS
Total funds brought forward 2,861

TOTAL FUNDS CARRIED FORWARD 2,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 2,500 2,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Accruals and deferred income 361 -

7. MOVEMENT IN FUNDS
Net
movement At
At 1.2.23 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund 2,500 (361 ) 2,139

TOTAL FUNDS 2,500 (361 ) 2,139

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund - (361 ) (361 )

TOTAL FUNDS - (361 ) (361 )


THE HANDA FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.2.22 in funds 31.1.23
£    £    £   
Unrestricted funds
General fund 2,861 (361 ) 2,500

TOTAL FUNDS 2,861 (361 ) 2,500

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund - (361 ) (361 )

TOTAL FUNDS - (361 ) (361 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.2.22 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund 2,861 (722 ) 2,139

TOTAL FUNDS 2,861 (722 ) 2,139

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund - (722 ) (722 )

TOTAL FUNDS - (722 ) (722 )


THE HANDA FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2024.

9. CONTROLLING INTEREST

The Trustees are jointly responsible for the control of the company.

10. SHARE CAPITAL

The charitable company is a private company limited by guarantee and has no share capital. In the event of a winding up, each member has guaranteed to contribute to the assets of the company an amount not exceeding one pound. At 31 January 2024 the number of members was three.