2023-04-012024-03-312024-03-31false10085961THE TECHFUGEES FOUNDATION2025-04-3062012falseiso4217:GBPxbrli:pure100859612023-04-01100859612024-03-31100859612023-04-012024-03-31100859612022-04-01100859612023-03-31100859612022-04-012023-03-3110085961bus:SmallEntities2023-04-012024-03-3110085961bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3110085961bus:FullAccounts2023-04-012024-03-3110085961bus:CompanyLimitedByGuarantee2023-04-012024-03-3110085961core:WithinOneYear2024-03-3110085961core:AfterOneYear2024-03-3110085961core:WithinOneYear2023-03-3110085961core:AfterOneYear2023-03-3110085961core:ShareCapital2024-03-3110085961core:SharePremium2024-03-3110085961core:RevaluationReserve2024-03-3110085961core:OtherReservesSubtotal2024-03-3110085961core:RetainedEarningsAccumulatedLosses2024-03-3110085961core:ShareCapital2023-03-3110085961core:SharePremium2023-03-3110085961core:RevaluationReserve2023-03-3110085961core:OtherReservesSubtotal2023-03-3110085961core:RetainedEarningsAccumulatedLosses2023-03-3110085961core:LandBuildings2024-03-3110085961core:PlantMachinery2024-03-3110085961core:Vehicles2024-03-3110085961core:FurnitureFittings2024-03-3110085961core:OfficeEquipment2024-03-3110085961core:NetGoodwill2024-03-3110085961core:IntangibleAssetsOtherThanGoodwill2024-03-3110085961core:ListedExchangeTraded2024-03-3110085961core:UnlistedNon-exchangeTraded2024-03-3110085961core:LandBuildings2023-03-3110085961core:PlantMachinery2023-03-3110085961core:Vehicles2023-03-3110085961core:FurnitureFittings2023-03-3110085961core:OfficeEquipment2023-03-3110085961core:NetGoodwill2023-03-3110085961core:IntangibleAssetsOtherThanGoodwill2023-03-3110085961core:ListedExchangeTraded2023-03-3110085961core:UnlistedNon-exchangeTraded2023-03-3110085961core:LandBuildings2023-04-012024-03-3110085961core:PlantMachinery2023-04-012024-03-3110085961core:Vehicles2023-04-012024-03-3110085961core:FurnitureFittings2023-04-012024-03-3110085961core:OfficeEquipment2023-04-012024-03-3110085961core:NetGoodwill2023-04-012024-03-3110085961core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110085961core:ListedExchangeTraded2023-04-012024-03-3110085961core:UnlistedNon-exchangeTraded2023-04-012024-03-3110085961core:MoreThanFiveYears2023-04-012024-03-3110085961core:Non-currentFinancialInstruments2024-03-3110085961core:Non-currentFinancialInstruments2023-03-3110085961dpl:CostSales2023-04-012024-03-3110085961dpl:DistributionCosts2023-04-012024-03-3110085961core:LandBuildings2023-04-012024-03-3110085961core:PlantMachinery2023-04-012024-03-3110085961core:Vehicles2023-04-012024-03-3110085961core:FurnitureFittings2023-04-012024-03-3110085961core:OfficeEquipment2023-04-012024-03-3110085961dpl:AdministrativeExpenses2023-04-012024-03-3110085961core:NetGoodwill2023-04-012024-03-3110085961core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110085961dpl:GroupUndertakings2023-04-012024-03-3110085961dpl:ParticipatingInterests2023-04-012024-03-3110085961dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3110085961core:ListedExchangeTraded2023-04-012024-03-3110085961dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3110085961core:UnlistedNon-exchangeTraded2023-04-012024-03-3110085961dpl:CostSales2022-04-012023-03-3110085961dpl:DistributionCosts2022-04-012023-03-3110085961core:LandBuildings2022-04-012023-03-3110085961core:PlantMachinery2022-04-012023-03-3110085961core:Vehicles2022-04-012023-03-3110085961core:FurnitureFittings2022-04-012023-03-3110085961core:OfficeEquipment2022-04-012023-03-3110085961dpl:AdministrativeExpenses2022-04-012023-03-3110085961core:NetGoodwill2022-04-012023-03-3110085961core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3110085961dpl:GroupUndertakings2022-04-012023-03-3110085961dpl:ParticipatingInterests2022-04-012023-03-3110085961dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3110085961core:ListedExchangeTraded2022-04-012023-03-3110085961dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3110085961core:UnlistedNon-exchangeTraded2022-04-012023-03-3110085961core:NetGoodwill2024-03-3110085961core:IntangibleAssetsOtherThanGoodwill2024-03-3110085961core:LandBuildings2024-03-3110085961core:PlantMachinery2024-03-3110085961core:Vehicles2024-03-3110085961core:FurnitureFittings2024-03-3110085961core:OfficeEquipment2024-03-3110085961core:AfterOneYear2024-03-3110085961core:WithinOneYear2024-03-3110085961core:ListedExchangeTraded2024-03-3110085961core:UnlistedNon-exchangeTraded2024-03-3110085961core:ShareCapital2024-03-3110085961core:SharePremium2024-03-3110085961core:RevaluationReserve2024-03-3110085961core:OtherReservesSubtotal2024-03-3110085961core:RetainedEarningsAccumulatedLosses2024-03-3110085961core:NetGoodwill2023-03-3110085961core:IntangibleAssetsOtherThanGoodwill2023-03-3110085961core:LandBuildings2023-03-3110085961core:PlantMachinery2023-03-3110085961core:Vehicles2023-03-3110085961core:FurnitureFittings2023-03-3110085961core:OfficeEquipment2023-03-3110085961core:AfterOneYear2023-03-3110085961core:WithinOneYear2023-03-3110085961core:ListedExchangeTraded2023-03-3110085961core:UnlistedNon-exchangeTraded2023-03-3110085961core:ShareCapital2023-03-3110085961core:SharePremium2023-03-3110085961core:RevaluationReserve2023-03-3110085961core:OtherReservesSubtotal2023-03-3110085961core:RetainedEarningsAccumulatedLosses2023-03-3110085961core:NetGoodwill2022-04-0110085961core:IntangibleAssetsOtherThanGoodwill2022-04-0110085961core:LandBuildings2022-04-0110085961core:PlantMachinery2022-04-0110085961core:Vehicles2022-04-0110085961core:FurnitureFittings2022-04-0110085961core:OfficeEquipment2022-04-0110085961core:AfterOneYear2022-04-0110085961core:WithinOneYear2022-04-0110085961core:ListedExchangeTraded2022-04-0110085961core:UnlistedNon-exchangeTraded2022-04-0110085961core:ShareCapital2022-04-0110085961core:SharePremium2022-04-0110085961core:RevaluationReserve2022-04-0110085961core:OtherReservesSubtotal2022-04-0110085961core:RetainedEarningsAccumulatedLosses2022-04-0110085961core:AfterOneYear2023-04-012024-03-3110085961core:WithinOneYear2023-04-012024-03-3110085961core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3110085961core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3110085961core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3110085961core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3110085961core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3110085961core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3110085961core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3110085961core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3110085961core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3110085961core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3110085961core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3110085961core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3110085961core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3110085961core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3110085961core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3110085961core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3110085961core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3110085961core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3110085961core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3110085961core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3110085961core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3110085961core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3110085961core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3110085961core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3110085961core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3110085961core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3110085961core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3110085961bus:Director12023-04-012024-03-31

THE TECHFUGEES FOUNDATION

Registered Number
10085961
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

THE TECHFUGEES FOUNDATION
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

M G Butcher

Registered Address

Building 423 - Sky View (Ro) Argosy Road, Castle Donington
East Midlands Airport
Derby
DE74 2SA

Registered Number

10085961 (England and Wales)
THE TECHFUGEES FOUNDATION
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3-176
Tangible assets41,7653,868
1,7654,044
Current assets
Debtors55,3397,630
Cash at bank and on hand16,30917,743
21,64825,373
Creditors amounts falling due within one year6(14,485)(190)
Net current assets (liabilities)7,16325,183
Total assets less current liabilities8,92829,227
Provisions for liabilities7(967)(967)
Net assets7,96128,260
Capital and reserves
Profit and loss account7,96128,260
Reserves7,96128,260
The financial statements were approved and authorised for issue by the Director on 30 April 2025, and are signed on its behalf by:
M G Butcher
Director
Registered Company No. 10085961
THE TECHFUGEES FOUNDATION
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The Techfugees Foundation is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1A "Small Entities" and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
Functional and presentation currency
The financial statements are presented in pound sterling (£), which is the company's functional currency, and figures are rounded to the nearest whole pound.
Going concern
The Directors have a reasonable expectation that the Company will continue to receive adequate donations and grants to create adequate resources to continue in operational existence for the foreseeable future. The Directors are therefore of the opinion that they should continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Intangible assets consist of Trademarks which are being amortised evenly over their estimated useful life of four years
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Straight line (years)
Office Equipment3
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value
2.Average number of employees

20242023
Average number of employees during the year00
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 234,6764,676
At 31 March 244,6764,676
Amortisation and impairment
At 01 April 234,5004,500
Charge for year176176
At 31 March 244,6764,676
Net book value
At 31 March 24--
At 31 March 23176176
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 236,3106,310
At 31 March 246,3106,310
Depreciation and impairment
At 01 April 232,4422,442
Charge for year2,1032,103
At 31 March 244,5454,545
Net book value
At 31 March 241,7651,765
At 31 March 233,8683,868
5.Debtors: amounts due within one year

2024

2023

££
Other debtors5,3397,630
Total5,3397,630
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables12,985189
Other creditors11
Accrued liabilities and deferred income1,499-
Total14,485190
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)967967
Total967967