REGISTERED COMPANY NUMBER: 05353085 (England and Wales)

REGISTERED CHARITY NUMBER: 1110250

THE LOKAHI FOUNDATION

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

11

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 31 March 2025. 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

The charity's declared objects are to advance the education of the public in the subject of religion, beliefs, culture and their impact on society.

Significant activities

The Foundation engages in research and discussion on religious issues, engaging directly with participants in faith communities, the general public and the media. The Foundation works with local communities to provide educational and other projects, and partners with academic and cultural institutions. Consultancy and other services are offered to public servants, the media and businesses.

Public benefit

The trustees have considered the activities of the charity and its achievements for the year to 31 March 2025 against the public benefit guidance issued by the Charity Commission.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Lokahi has continued, for the fourth year in a row, to focus on research and publishing.

FINANCIAL REVIEW

Financial position

Free reserves available for use by the charity entirely at the Board's discretion are deemed to be those that are readily realisable for spending, less trust funds whose uses are restricted by charity law and any corporate reserves we have designated for particular purposes.

At the end of the financial year, the charity's free reserves available for current and future charitable projects amounted to £5,553 (2024 - £7,249).

Investment policy and objectives

The present investment policy is to maximise the value of corporate and trust reserves by placing cash on short term deposit as and when consistent with budgeted cash flow needs.

Reserves policy

The charity's policy is to review against the demands of the coming year's objectives the level of these free and designated reserves and their deployment in the form of cash, cash deposits and investments. The Board also consider the charity's exposure to major risks in terms of their likely impact on income sources and on planned expenditure in the short to medium term, as well as assessing the best way to mitigate such risks.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document and charity constitution

The charity is governed by its Memorandum and Articles of Association dated 1 February 2005 and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

As a Board of Trustees we are responsible for the overall governance of the charity. New trustees are either elected or co-opted. Elected trustees may remain in office for a term of 3 years which is renewable. Co-opted trustees are appointed by the Board of Trustees and serve for terms determined by the Board at the time of their co-option.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05353085 (England and Wales)

Registered Charity number

1110250

Registered office

27 Old Gloucester Street

London

WC1N 3AX

Trustees

Prof R E Susskind

Mr H R Yunis

Mr A H Kazimi

Mr M Barnes

Company Secretary

Mr H R Yunis

Independent Examiner

Christopher Joyce FCCA

Hysons

Chartered Accountants

14 London Street

Andover

Hampshire

SP10 2PA

Bankers

The Co-operative Bank

PO Box 250

Skelmersdale

WN8 6WT

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 11 November 2025 and signed on its behalf by:

Mr A H Kazimi - Trustee

Independent examiner's report to the trustees of The Lokahi Foundation ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

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.

Christopher Joyce FCCA

Hysons

Chartered Accountants

14 London Street

Andover

Hampshire

SP10 2PA

11 November 2025

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Investment income

2

1

-

1

-

EXPENDITURE ON

Charitable activities

Research and public education

1,697

-

1,697

1,920

NET INCOME/(EXPENDITURE)

(1,696

)

-

(1,696

)

(1,920

)

RECONCILIATION OF FUNDS

Total funds brought forward

7,249

-

7,249

9,169

TOTAL FUNDS CARRIED FORWARD

5,553

-

5,553

7,249

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

5

1

-

1

1

CURRENT ASSETS

Cash at bank

6,356

-

6,356

8,148

CREDITORS

Amounts falling due within one year

6

(804

)

-

(804

)

(900

)

NET CURRENT ASSETS

5,552

-

5,552

7,248

TOTAL ASSETS LESS CURRENT LIABILITIES

5,553

-

5,553

7,249

NET ASSETS

5,553

-

5,553

7,249

FUNDS

7

Unrestricted funds

5,553

7,249

TOTAL FUNDS

5,553

7,249

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 11 November 2025 and were signed on its behalf by:

Mr A H Kazimi - Trustee

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.

The financial statements have been prepared on a going concern basis.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

Income

All income is recognised in the Statement of Financial Activities once the 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.

Allocation and apportionment of costs

Staff costs are attributed, allocated or apportioned to activity categories on the basis of management estimates of time spent in the financial year. Non-staff project costs not attributable to any one category of activity are allocated or apportioned pro rata to total costs for each activity. Governance costs are those associated with constitutional and statutory requirements as defined in the SORP.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment & furniture

-

33% on cost

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.

2.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

1

-

3.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

4.	STAFF COSTS

The average monthly number of employees during the year was nil (2024: nil).

5.	TANGIBLE FIXED ASSETS

Office

equipment

& furniture

£

COST

At 1 April 2024 and 31 March 2025

3,218

DEPRECIATION

At 1 April 2024 and 31 March 2025

3,217

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

82

-

Accrued expenses

722

900

804

900

7.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

Free reserves

7,249

(1,696

)

5,553

TOTAL FUNDS

7,249

(1,696

)

5,553

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

Free reserves

1

(1,697

)

(1,696

)

TOTAL FUNDS

1

(1,697

)

(1,696

)

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

Free reserves

9,169

(1,920

)

7,249

TOTAL FUNDS

9,169

(1,920

)

7,249

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

Free reserves

-

(1,920

)

(1,920

)

TOTAL FUNDS

-

(1,920

)

(1,920

)

8.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.