The trustees present their annual report and financial statements for the period ended 31 July 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
The objects of the Charity are to further such exclusively charitable purposes for the public benefit as the trustees may in their absolute discretion determine and in particular (but without limitation) the prevention or relief of poverty amongst members of Greek and Greek Cypriot origin of Christian faith, who have been resident in the United Kingdom for the last 5 consecutive years, by:
the provision of grants of money, items and services to poor United Kingdom citizens of Greek and Greek Cypriot origin of Christian faith, who reside in the United Kingdom and who, by reason (directly or indirectly) of ill-health or disability are suffering financial hardship;
the provision of grants of money, items and services to the wives, husbands and children (or the child’s legal guardian) of such beneficiaries as are described above; or to the widows and widowers of such beneficiaries; or in the event of such a beneficiary’s death, to any person in financial hardship who had been co-habiting with such beneficiary at the date of his or her death; and
insofar as the Trustees are satisfied that the charitable objects in both points above are substantially fulfilled or otherwise provided for (but not otherwise), for such charitable purposes as the Charity may from time to time decide
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The trustees have worked during the year to promote the Charity and to plan for the future after the consequences of the COVID-19 pandemic.
Fundraising and funds
To accept or refuse gifts and raise funds (but not by means of taxable trading). To enter into any funding or other arrangement with government or any other authority.
The results for the period are set out on Page 5
During the year, the charity received donations of £20,011 (2024: £18,302). The charity incurred charitable activities expenditure of £10,039 (2024: £5,977). The result for the period ended 31 July 2025 was a surplus of £9,972 (2024: £12,325) and was in line with the trustees' expectations.
After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting Policies.
The operating costs during this period were kept to a minimum with most tasks being performed by trustees in a voluntary capacity. The level of reserves is monitored and reviewed.
As at 31 July 2025 the Charity's unrestricted funds were £46,699. There were no restricted funds.
Constitution
The Charity is constituted under a Memorandum of Association dated 15 September 2020. It is registered as a Charity and the Charity registered number is 1191430.
The charity is a company limited by guarantee and does not have share capital.
Trustees
The trustees, who are also the directors for the purpose of company law, and who served during the period and up to the date of signature of the financial statements were:
The trustees have control of the Charity in relation to the application of funds. Trustees are appointed in accordance with the Charity’s governing document. All decision-making of the Charity is made in accordance with the Charity’s conflicts of Interest policy.
Organisation and management
The trustees make the key decisions about the conduct of the Charity. The trustees give their time voluntarily and do not receive any remuneration for their services to the Charity. The administration of the Charity was carried out largely by all the trustees.
The trustees, who are also the directors of The Chris Harmanda Foundation for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' report was approved by the Board of Trustees.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Chris Harmanda Foundation for the period ended 31 July 2025, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/rulebook.html.
This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter dated 3 June 2025. Our work has been undertaken solely to prepare for your approval the financial statements of The Chris Harmanda Foundation and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-audit-exempt-companies-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Chris Harmanda Foundation and the charity's trustees as a body for our work or for this report.
It is your duty to ensure that The Chris Harmanda Foundation has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of The Chris Harmanda Foundation. You consider that The Chris Harmanda Foundation is exempt from the statutory audit requirement for the period, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of The Chris Harmanda Foundation. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities.
The Chris Harmanda Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is 13 Station Parade, Cockfosters Road, Enfield, EN4 0DL.
The financial year end has been shortened by one month to 31 July 2025 to align with charities' commission reporting date. Therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
The unrestricted fund is the general fund which is available for the Charity at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The charity makes grants to individuals in accordance with its grant making policy set out in the trustees’ report.
The grants payable during the year were for the following purposes:
The average monthly number of employees during the period was:
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
The trustees listed below donated funds to the Charity during the financial year:
Name of the trustee 2025 2024
or member
£ £
E C Harmanda 60 200
E D Harmanda 220 200
A Poulloura 180 165
D Davies 100 -