THE TECHFUGEES FOUNDATION


Director	M G Butcher


Registered Address	3rd Floor 86-90 Paul Street
	London
	EC2A 4NE


Registered Number	10085961 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		-		1,765
			-		1,765
Current assets
Debtors	5	6,164		5,339
Cash at bank and on hand		22,181		16,309
		28,345		21,648
Creditors amounts falling due within one year	6	(5,406)		(14,488)
Net current assets (liabilities)			22,939		7,160
Total assets less current liabilities			22,939		8,925
Provisions for liabilities	7		(967)		(967)
Net assets			21,972		7,958
Capital and reserves
Profit and loss account			21,972		7,958
Reserves			21,972		7,958

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 23 December 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 2025

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.

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.

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 Equipment	3

	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


		2025		2024
	Average number of employees during the year	0		0

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	4,676	4,676
At 31 March 25	4,676	4,676
Amortisation and impairment
At 01 April 24	4,676	4,676
At 31 March 25	4,676	4,676
Net book value
At 31 March 25	-	-
At 31 March 24	-	-

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 24	6,310	6,310
At 31 March 25	6,310	6,310
Depreciation and impairment
At 01 April 24	4,545	4,545
Charge for year	1,765	1,765
At 31 March 25	6,310	6,310
Net book value
At 31 March 25	-	-
At 31 March 24	1,765	1,765

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	6,164	5,339
Total	6,164	5,339

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	5,400	12,987
Other creditors	6	1
Accrued liabilities and deferred income	-	1,500
Total	5,406	14,488

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	967	967
Total	967	967