IRIS Accounts Production v25.1.3.33 Other Company accounts True false Pounds 1.10.23 30.9.24 30.9.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh128997862023-09-30128997862024-09-30128997862023-10-012024-09-30128997862022-09-30128997862022-10-012023-09-30128997862023-09-3012899786ns0:CharitableCompanyLimitedByGuarantee2023-10-012024-09-3012899786ns15:PoundSterling2023-10-012024-09-3012899786ns11:FRS1022023-10-012024-09-3012899786ns11:IndependentExaminationCharity2023-10-012024-09-3012899786ns11:SmallCompaniesRegimeForAccounts2023-10-012024-09-3012899786ns11:FullAccounts2023-10-012024-09-3012899786ns11:CharitiesSORP2023-10-012024-09-3012899786ns16:EnglandWales2023-10-012024-09-3012899786ns11:RegisteredOffice2023-10-012024-09-3012899786ns0:Trustee22023-10-012024-09-3012899786ns0:Trustee32023-10-012024-09-3012899786ns0:Trustee12023-10-012024-09-3012899786ns0:Activity82023-10-012024-09-3012899786ns0:Activity82022-10-012023-09-3012899786ns10:WithinOneYear2024-09-3012899786ns10:WithinOneYear2023-09-3012899786ns0:TotalUnrestrictedFunds2024-09-301289978622023-10-012024-09-301289978632023-10-012024-09-3012899786ns10:WithinOneYear2022-09-30
REGISTERED COMPANY NUMBER: 12899786 (England and Wales)
REGISTERED CHARITY NUMBER: 1196403














Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

HOFENUNG FOUNDATION

HOFENUNG FOUNDATION

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 9

HOFENUNG FOUNDATION (REGISTERED NUMBER: 12899786)

Report of the Trustees
for the year ended 30 September 2024



DIRECTORS AND TRUSTEES REPORT

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 30 September 2023. 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
To promote racial tolerance and eliminate discrimination, in particular anti-semitism but not exclusively by the provision of funding and other support to charities, organisations and individuals and the promotion of effective interventions and approaches that seek to prevent, counter and address such racial intolerance and discrimination. In furtherance of this object but not otherwise, the trustees shall have the power to engage in political activity provided that the trustees are satisfied that the proposed activities will further the purposes of the charity to an extent justified by the resources committed and that such activities are not the dominant means by which the charity carries out its objects.

Grantmaking
The Foundation will generally make smaller, more frequent grants (under £10,000), but do not rule out considering any grants which further its mission, as the reserves allow.

Achievement and performance
Fundraising activities
The charity has been set up recently and is in the process of establishing itself. Currently it does not use fundraising services, consultants or external professional fundraisers to undertake its fundraising activities. Additionally, no data is shared with or sold to any external agencies.

It has not yet launched a website and does not have a social 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 contacts through existing business networks but will not approach or pressure vulnerable people to support its work. A complaints policy is in place. .No complaints were received and no failures to comply were identified in the current period. The charity adheres to the Fundraising Code of Practice issued by the Fundraising Regulator.The charity intends to ensure that any future fundraising events are monitored by the Trustees and/or appointed charity representatives with contact made during the preparation for, and clean up from, the event.All future marketing materials will be checked by the Trustees and/or appointed charity representatives.to ensure they comply with the Fundraising Code of Practice.

Reserves Policy

The objective of the reserve policy is to achieve a balance between the need to use voluntary income received to fulfil the charity's objectives.

Financial review
Financial position
At the end of the period, the Foundation had a surplus reserves of £33,715.

Fundraising

The trustees are grateful to the individuals and organisations that have given money or raised funds for the Foundation.

Structure, governance and management
Staff and Administration

The Foundation has no direct staff. Currently the Trustees carry out all financial management tasks and administrative tasks voluntarily.The principal office is based in London

Reference and administrative details
Registered Company number
12899786 (England and Wales)


HOFENUNG FOUNDATION (REGISTERED NUMBER: 12899786)

Report of the Trustees
for the year ended 30 September 2024


Registered Charity number
1196403

Registered office
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Trustees
Sir T Chinn Director
Lord J N Mendelsohn Director
Ms T J Allen Trustee

Independent Examiner
Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Approved by order of the board of trustees on 10 April 2025 and signed on its behalf by:





Ms T J Allen - Trustee

Independent Examiner's Report to the Trustees of
Hofenung Foundation


Independent examiner's report to the trustees of Hofenung Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Nicola Pearson

Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

10 April 2025

HOFENUNG FOUNDATION

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the year ended 30 September 2024

2024 2023
Unrestricted
fund Total funds
Notes £ £
Income and endowments from
Donations and legacies 130,000 71,196

Expenditure on
Charitable activities
Charity 99,407 55,704

Other 3,277 5,368
Total 102,684 61,072

NET INCOME 27,316 10,124


Reconciliation of funds
Total funds brought forward 6,399 (3,725 )

Total funds carried forward 33,715 6,399

HOFENUNG FOUNDATION (REGISTERED NUMBER: 12899786)

Balance Sheet
30 September 2024

2024 2023
Unrestricted
fund Total funds
Notes £ £
Current assets
Cash at bank 51,699 27,476

Creditors
Amounts falling due within one year 4 (17,984 ) (21,077 )

Net current assets 33,715 6,399

Total assets less current liabilities 33,715 6,399

NET ASSETS 33,715 6,399
Funds 6
Unrestricted funds 33,715 6,399
Total funds 33,715 6,399

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 10 April 2025 and were signed on its behalf by:





T J Allen - Trustee

HOFENUNG FOUNDATION

Notes to the Financial Statements
for the year ended 30 September 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.

Going concern
The financial statements have been prepared on a going concern basis.This assumes continued support from the trustees for the foreseeable future.

Income
All income is recognised in the Statement of Financial Activities once the foundation charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation
The charity is exempt from corporation tax on its charitable activities.

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.

Governance costs
Governance costs include costs of the preparation of the statutory accounts.

2. Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.



HOFENUNG FOUNDATION

Notes to the Financial Statements - continued
for the year ended 30 September 2024


3. Comparatives for the statement of financial activities
Unrestricted
fund
£
Income and endowments from
Donations and legacies 71,196

Expenditure on
Charitable activities
Charity 55,704

Other 5,368
Total 61,072

NET INCOME 10,124


Reconciliation of funds
Total funds brought forward (3,725 )

Total funds carried forward 6,399

4. Creditors: amounts falling due within one year
2024 2023
£ £
Other loans (see note 5) 15,534 18,627
Trade creditors 250 250
Accrued expenses 2,200 2,200
17,984 21,077

5. Loans

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year on demand:
Other loans 15,534 18,627

6. Movement in funds
Net
movement
At 1/10/23 in funds At 30/9/24
£ £ £
Unrestricted funds
General fund 6,399 27,316 33,715

TOTAL FUNDS 6,399 27,316 33,715

HOFENUNG FOUNDATION

Notes to the Financial Statements - continued
for the year ended 30 September 2024


6. Movement in funds - continued

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 130,000 (102,684 ) 27,316

TOTAL FUNDS 130,000 (102,684 ) 27,316


Comparatives for movement in funds

Net
movement
At 1/10/22 in funds At 30/9/23
£ £ £
Unrestricted funds
General fund (3,725 ) 10,124 6,399

TOTAL FUNDS (3,725 ) 10,124 6,399

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 71,196 (61,072 ) 10,124

TOTAL FUNDS 71,196 (61,072 ) 10,124

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

Net
movement
At 1/10/22 in funds At 30/9/24
£ £ £
Unrestricted funds
General fund (3,725 ) 37,440 33,715

TOTAL FUNDS (3,725 ) 37,440 33,715

HOFENUNG FOUNDATION

Notes to the Financial Statements - continued
for the year ended 30 September 2024


6. Movement in funds - continued

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 201,196 (163,756 ) 37,440

TOTAL FUNDS 201,196 (163,756 ) 37,440

7. Related party disclosures

As at the balance sheet date a sum of £3,032 (2023: £6,126) was owed to Red Capital Ltd a company owned by a director and trustee of the charity.

During the year a donation of nil (2023: £55,704) was paid to No Pasaran Media Ltd a company owned by a director.

8. Loan from the trustees

The Charity had a loan of £12,502 (2023: £12,502) from it's trustees.