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HUNGARIAN CULTURAL ASSOCIATION

Registered charity 1144110 · accounts filings on the Charity Commission register · also known as HCG

Preserve, maintain and promote Hungarian culture (language, literature, music, art and craft, folk dance, history, etc) amongst families with Hungarian connections in Surrey and nationwide. To promote and to increase the understanding of Hungarian culture in the local community and nationwide.To support disadvantaged families with Hungarian connections in Surrey and nationwide.

Causes: Education/training · Arts/culture/heritage/science · Economic/community Development/employment · website · Get email alerts

Latest income
£39k
Latest spending
£43k
Registered
2011
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at £19,328, which is below the stated policy target of approximately £25,000 (three months of running costs). However, the trustees report that funding for the next financial year has been secured and express no concerns about the charity's ability to continue operating as a going concern.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Course fees and membership fees (48% of income)
“The main source of unrestricted income for the organisation is from its regular courses and events as well as the membership fees received.” — page 15
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £19k; policy: three school terms (c. £25,000))
“The reserves reported in the Accounts are below the target level”
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: In-kind services valued at £10/hour provided by trustees Katalin Hegedus (100 hours) and Maria Chambers (56 hours). Management fees of £9,960 and teaching fees of £3,394 identified as related party transactions.
“The Treasurer (Katalin Hegedus) contributed 100 hours of professional management, accounting and financial services in-kind. Maria Chambers contributed 56 hours of management services. These services were considered at a value of £10/h.” — page 15
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Management fees paid to trustees
“Management Fees: £10,110 of which £9,960 are related party transactions.” — page 16
“Fees paid for the teachers, all of whom are self-employed and work on a fixed-term basis: £11,328, of which £3,394 are related party transactions.” — page 16
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Teaching fees paid to self-employed teachers (related party)
“Management Fees: £10,110 of which £9,960 are related party transactions.” — page 16
“Fees paid for the teachers, all of whom are self-employed and work on a fixed-term basis: £11,328, of which £3,394 are related party transactions.” — page 16
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Surrey · Throughout London

Income and spending

Financial year endIncomeSpending
31/08/2025£39k£43k
31/08/2024£49k£51k
31/08/2023£36k£41k
31/08/2022£53k£43k
31/08/2021£28k£22k

Common questions

Is HUNGARIAN CULTURAL ASSOCIATION financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £19,328, which is below the stated policy target of approximately £25,000 (three months of running costs). However, the trustees report that funding for the next financial year has been secured and express no concerns about the charity's ability to continue operating as a going concern. Its FY2025 accounts were independently examined.