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FOR THEYEARENDED31/12/2024

TRUSTEES' REPORT

The trustees present their report and accounts for theyearended31/12/2024

PRINCIPAL ACTIVITIES

The principal activity of the charity in theyearunder review wasto advance public education by providing educational initiatives and undertaking research to promote and raise awareness of the work of United Nations and its agencies,.

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing Document:

The organisation is a charitable company limited by guarantee, incorporated on 2 March 1998 and registered as a charity on 9 March 1999. The company was established under a Memorandum Of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Objectives and activities:

The company remained dormant during the year as our work was focused specifically and entirely on uplifting communities in South Africa. The political and economic environment in South Africa has made it very difficult for the Foundation to operate effectively.However with recent change in government, we are hopeful that we will be able to move forward more effectively.

Trustees:

The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members. All the trustees who served during the year up to date of this report are set out on page 1. There were changes to the board during the year.

Related Parties:

The company has a wholly owned UK subsidiary and a South African registered company through which it receives administrative and research facilities.

Responsibilities of the Trustees:

The company law requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the state of the affairs of the charitable company as at the Balance Sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the trustees should follow best practice and select suitable accounting policies and then apply them consistently, make judgements and estimateshat are reasonable and prudent, and prepare financial statements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis.

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financiasl position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Registered number: 3523052
Charity number: 1074588




Regency Foundation Networx


UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31/12/2024























Prepared By:
Sheikh Associates Limited
Accountants and Registered Auditors
Regus Business Centre
Cardinal Point, Park Road
Rickmansworth
Herts
WD3 1RE


FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/12/2024





TRUSTEES
Mr R Kyle
Ms B P V Reenan



SECRETARY
Mr Jason Anthony Kyle


REGISTERED OFFICE
Cardinal Point
Park Road
Rickmansworth
WD3 1RE


COMPANY NUMBER
3523052

CHARITY NUMBER
1074588



BANKERS
Barclays Bank Plc, Level 25, 1 Churchill Place, London, E14 5HP



ACCOUNTANTS
Sheikh Associates Limited
Accountants and Registered Auditors
Regus Business Centre
Cardinal Point, Park Road
Rickmansworth
Herts
WD3 1RE


ACCOUNTS
FOR THE YEAR ENDED 31/12/2024



CONTENTS



		Page

Report of the Trustees		3

Independent Examiner's Statement		-

Statement of Financial Activities		5

Balance Sheet		6

Notes to the Accounts		7 to 12

Detailed Statement of Financial Activities		11


Statement of Financial Activities
for the year ended31/12/2024

			2024	2023
	Unrestricted funds	Restricted funds	Total	Total
	£	£	£	£

Income
Income from generated funds
Other trading activities	1,200	-	1,200	650
Total Income and endowments	1,200	-	1,200	650
Expenses
Costs of generating funds
Expenditure on Charitable activities	1,163	-	1,163	636
Total Expenses	1,163	-	1,163	636
Net gains on investments
Net Income	37	-	37	14

Gains/(losses) on revaluation of fixed assests
Net movement in funds:
Net income for the year	37	-	37	14
Total funds brought forward	41,648	-	41,648	41,635
Net funds carried forward	41,685	-	41,685	41,649

This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities


BALANCE SHEET AT 31/12/2024

			2024		2023
	Notes		£		£

FIXED ASSETS
Investments	3		10,000		10,000

CURRENT ASSETS
Debtors (amounts falling due within one year)	4	32,565		32,249
		32,565		32,249
CREDITORS: Amounts falling due within one year	5	880		600
NET CURRENT ASSETS			31,685		31,649
TOTAL ASSETS LESS CURRENT LIABILITIES			41,685		41,649

CAPITAL AND RESERVES

Unrestricted funds	7
General fund			(1,163)		(600)
Designated funds			42,848		42,249
			41,685		41,649

For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of trustees on 11/09/2025 and signed on their behalf by



.............................
Mr R Kyle
Trustee


FOR THEYEARENDED31/12/2024

TRUSTEES' REPORT


The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.

This report was approved by the Board of Trustees on11/09/2025




Mr R Kyle
Trustee




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.




1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.




1c. Resources Expended
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.




1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.




1e. 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.

Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.




1f. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




3. FINANCIAL ASSETS

	Shares in group companies
	and participating interests	Total
	£	£
Cost
At 01/01/2024	10,000	10,000
At 31/12/2024	10,000	10,000
Amortisation
Net Book Amounts
At 31/12/2024	10,000	10,000
At 31/12/2023	10,000	10,000




4. DEBTORS	2024	2023
	£	£

Amounts falling due within one year:
Trade debtors	16,959	16,959
VAT	641	641
Other debtors	14,965	14,649
	32,565	32,249




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
Other creditors	880	600
	880	600




2. EMPLOYEES

	2024	2023
	No.	No.
Average number of employees	2	4




6. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital.




8. RESTRICTED FUNDS


	Brought forward	Incoming resources	Outgoing resources	Transfers	Carried forward
	£	£	£	£	£




10. FEES

Book- keeping and accountancy fees - £ 850




7. UNRESTRICTED FUNDS


	Brought forward	Incoming resources	Outgoing resources	Transfers	Carried forward
	£	£	£	£	£
General fund	-	-	(1,163)	-	(1,163)
	-	1,200	-	-	1,200
	41,648	-	-	-	41,648
	41,648	1,200	(1,163)	-	41,685




11. TRANSACTIONS WITH DIRECTORS
No Trustees have received any remuneration nor have had expenses reinbursed during the year to 31/12/24 and year to 31/12/23.




12. CONTROLLING PARTY
The company has a 100 % wholly owned UK subsidiary called The Regency Resource Limited.