REGISTERED CHARITY NUMBER: 1044028
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 202
FOR
IaiALILI FOUTrIDATION
Orcom Civva]s Lillllted
Accountants
50 Seymour Street
tKJndon
WIH 7JG

KHALILI FOUNDATION
cOTr￿ENTS OFTHE FtNANCIAL STATEMErors
FOR THE YEAR ENDED 81 DECEMBER 2025
Page
Report of the Trusteeo
1 kn 3
Inde￿ndent Examiner's Report
state￿￿¢ of Financial Activities
Balanee Sheet
Cash Flow Statement
Notes to the Cash Flow Statell￿nt
Not¢$ to the Finaneial Statements
9 to 13
Detailed state￿llt of Financial Activitie8
14

KHAIJIJ FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 51 DECEMBER 2025
The Trllstee8 present their report with the financial statements of the charity for the year ended 31
December 2025. The tr￿tee$ have adryted the Charities SORP IFRS 102) "Accounting and Reporting
by Charities.. Stateohent of Recommended Prarti￿ applicable ts charities prepaTing their accounts in
a(Yordance with the Finaticial Reporting Standard applicable in the UK and Repub]ic of Ireland (FRS
102) (effective l January 2019)..
OBJEcfivES AND ACTIVITIES
Objectives and aln
The objeet of the ￿)￿ltY 18 to enable peacebuilding through ar( culture and edu(xtion. advancing pea￿,
unity and mutuAI respect worldwide.
Thi8 18 aehieved thromgh partnerships svith ]nteTnation￿ OEgani8ations including trNESCO, the
Commonwealth. the United Nationg, The King's Trust and Wikimedia aB well as leading re8earch
and educAtion estsblishments such as NYU Abu Dhabi and the AsS￿lation 0£ Commonwealth
Universities
Donation n￿kIng policy
The tru8tee8 have reviewed the policy with regard to donations and grants made through their 8trategic
partner8.
The tnL9tee8 will, in future, con8ider repeat annual donation8 to the Bame partner where 8U8tained
mpact ha8 been demon8trated.
ACHIEVEMENTS AND PERFORMANCE
Char5table activltie
The main irtitiative8 of the Foundation bave been:
- Commonwealtly Peatr Prize - awarded at its inaugural eeremony in March 2025 to Pa8tor Dr James
Movel Wuye and Imam Dr Muhammad Nurayn A8h9S& of Nigeria'8 Intsrfaith Mediation Centre, in the
PTe8ence of Hi8 Maie8ty King Charle8 11[.
King'8 Comn)onwealth Fellow8hip Programme - launehed as Founding Partner with Itm King
Charle8 at CHOGM 2024, 8UPPOrting 250 Fellows acros8 PhD, profes8ionaL and undergrnduate
pathway8 to 8trengthen climate resilien￿ in Conunonwealth Small I&l￿d Developing State8.
. United Cultures l The King'8 Trust Partnership . funding ten peaeebuilding Èeg8ion8 Le￿8 major UK
cities using the Foundation's Interfaith Explorers educational regOU￿9.
. UNESCO Men)ory of the World I Wikimedia Partnership . achieving approximatety 100 million image
Vie￿ in September 2025 alone, with new artides created in nineteen langL￿ge8 documenting
underrepresented cultures.
Page I

KHALILI FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR Ef4DED 31 DECEMBER 2025
FINANCIAL REVIEW
Review ofactivities and results
Financial results for the year are set out in the Stat8rnent of Financial Activitie8 on page 5 and the
p(oition at the end of the year is shown in the balan¢￿ 8h88t on pa8e 6.
During the year, there was deficit of 929,961 (2024: surylu8 £45,069). The deficit 18 mginty due tr) high
8UPPOrt ￿ts.. The eharitable expenditure for the year amountsd to £508.£97 (2024.. £623,975).
The year ènd egsh balan￿ was £24,430 (2024: £56,051)
At 31 December 202f>, the tru8t had unTestTictsd reserve8 of £24,710 {2025: £54,671). The Truatee8 aiDI
to maintaiti 8uffieient free re8erve8 to enable the charity to ￿ntinue its work at the currertt level and, if
POS8ible, to increase it.
In 2026, the Foundation plang to publiBh 8 8pec&al volume of Art and Pea￿bU￿d1ng, host a Youth Pea
Symposium during Commonwealth Week, expand the IlltErf￿.th Explorers programme into national
8chwl curricula itL P8rtnÈrsl)ip with Cambridge University. and deepen partner8hip8 With tTNESCO,
The KÉng'8 Trust and WikimediA UK.
UN Engagement . contributing ts) UNHCR and UNITAR peaeebuilding forums, with pjartg kn trttin
Commonwealth youth peÈcÈbuilders tbTough UNtTAR in 2026.
Khalili Pub]ic Humanitie8 Fel]ow8hip . inaugura] fellow8bip awarded to Profe880r Mahnaz Yousefzadeh
of NYU for Spring 2026, ￿ll8ed on eultural diplomacy and objeet-based stontelling.
STRUCTURE. GOVERNANCE AND MANAGE￿Tr
GoVer￿ng doeument
The charity 18 controlled by its governing d(￿Ument. a deed of trust and ￿nstitute8 an uninix)rporatsd
charity.
The Khalili Foundation 18 (x)nyLitutsd under a trust deed dated 15 December 2016 and 18 8 reÈi8tÈred
charity. It'8 charity number 1$ 1044028.
RecrUItn￿￿t and appo]ntn￿llt of new trustee8
The board have the power to recruit new tru8tse8. The Dew tru8tses can only be appointed if they have
agreed to become a Anember of the charity and their name8 have been entered in the tegi8ter.
Organi$ational strueture
The tru8tees who have served during the year are mentioned below. Tru8tee8 aTe appointsd by the
board of tru8tee8 and serve for five years after whith period they may put thern8elves forward fot
re-appointment.
RegA8tered Charity number
1044028
Prlttelpal addTe88
88 Crawford StTret
IDndo
WIH 2FJ
Page 2

KHALILI FOVNDATION
REPORT OF THE TAUSTEES
FOR THE YEAR ENDED 31 DECEMBEB 2025
Tr4bStee$
Professor Slr N D Khjllll
B Kh•llll
R Khallll
L•dy M S Kh•llll
D J Khallll
N Uddln
Indopendfrnt Examin•r
Aamlr Kall FCA
Ortom Cl￿)11 Llmlttd
Accountants
50 Seymour Street
London
W1H7JG
Approved by order ol th• board of Intsle¢s on 3 June 2026 and slgned on Its beh811 br.
Proles60r Slr N D Khallll- Tru￿9•
PY49tt 3

INDEPENDEr￿ EL4Mlf4ERS REPORT TO THE TRUSTEES OF
KHALILI Fouf4DATION
Independent examiner's report to the trustee6 of Khallli Foundation
I report to the charity trustees on my examination of the aceounts of Khalili Foundation (the Trustl for
the year ended 31 December 2025.
Responsibilities and basls ofroport
AS the charity tru8tee8 of the TTh￿t you are re8POll8ible for tho PTepAr&tion of the account8 in
accord8nce with the TequireInent8 ofthe Charitie8 Act 2011 Cthe Act,).
I report in respect of my examination of the Tru8t'8 accounts carried out under Section 145 of the Act
and in earrying out ny examAnatioTh I have followed all applicable Direction8 given by the Chgxity
Commi88ion under Section 145(5)(b) of the ACL
Independent *x4millèrfy statemènt
Since your cknity's 8TOSS income 8xceeded £250,(MJO your examiner must be a meD]beT of a Jistsd body. I
can (y)nfiEm that l am qualified to undertake the examination because l am a memb8T of the In8tiÉute of
Chartered Awuntsnts in England and Wales, which is one of the listsd b(Mlie8.
I have completed my examination. I confirni that no material matters have come to my attention ID
connection with the examination giving me cau8e ts) believe that in any matsiial respect:
acc¢)unting records were not kept in respect of the Trust a8 Trquired by Section 130 of the Act., or
the accounts do not accord with th￿e records. or
the accounts do not comply with the applicable requirements ¢>)ncerning the form and o)ntent of
accounts Set out in the Charities {AccDunts and Report8) Regulatio￿ 2008 otber than any
requirement that the accounts give a true and fair view which 18 not a matter co￿]dered a8 part
of an independent examination.
I have no eoneerns and have come across no other matters in connection ￿th the examination to which
attention should be drawn in this report in order to enable a proper under8tanding of the accounts to be
rekched.
mir Kazi FCA
The In8titute of Chartered Accountants in England and Wales
Orcorn Civvals tllmited
Accoyntants
50 Seymour Street
ndon
WIH 7JG
3 June 2026
Page 4

KHALILI FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
2025
Unrestricted
2024
T()tai
Nots8
INCOME AND EI4DOWME￿S FROM
Donations and legaeies
47&S39
664,587
Inve8tmeDt income
1,987
4,457
TotAI
474276
669,044
EXPENDITURE ON
R8i8ing funds
250
Charitable activities
Resources expended
508887
623,725
Total
50&237
623,975
NET INCO￿￿1[￿￿PENDITuRE)
(29J61)
45,069
RECONCILtATtON OF FUNDS
Total fvnd8 brought forward
54,671
9.602
TOTAL FUNDS CARRIED FORWARD
24,710
54,671
The notes fonn part of thesè finan¢iai Statem￿ts
Page 5

Kmaiii i FOIINDATION
BAI.A14CF. SHF.ET
31 DECEMBER 2025
2025
Uni•stYlcted
lund
2024
T)t¥l
lunds
Notfrx
CURRENT ASSETS
Debto
Caih •1 bank
2,220
2,220
56,051
26,650
$1,271
CREOITORS
Amounts lalllny du• wlthln orte year
10
11,9401
{3.6W)
NET CUARENT ASSETS
24,710
51,671
TOTAL ASSETS LESS CURRENT
LIABILITIES
24,710
54,671
NET ASSETS
24,710
54,671
FUNDS
Untestricted funds
11
24,710
54,671
TOTAL FUNDS
24,710
54,671
The linlnclal statement5 werè appmed by the Board ol Truslees and authDYlsed lor tssue OA
3 June 2026 and wert Slgnpd on Its behalf by:
Sir N D Khalili . Yrustee
T11￿ fbQtes lorm parl Ot Ihesr 11sianLial &lylem¥ntè
Pag¥ b

IIHALILI FOUNDATION
CASH FLOW STATEMENT
FOR THE Ef4DED 81 DECEMBER 2025
2026
2024
Notss
Cash flows from operating activities
Ca8h generatsd from operation8
(31.621)
46.869
Net cash (used inypTovided by operating activities
<31,621)
46,869
Change in cash and Cash
equivalents in the reportlng
period
Casb and cash equivalettts at the
beginning of the reporting period
(31.621)
46,869
66,061
9.182
Cash and cash equivalents at thÈ
ofthe reporting period
¥480
56,051
The nots8 fom part of these financial statements
Page 7

KHALIIJ FOUNDATION
NOTES TO TEIE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
RECONCtLIATION OF NET1Tr3aTNDITUREyINCOME NET CASH FLOW FROM
OPEL4TING ACTIVITIES
20215
2024
Net {expenditureyinry)me tor the reporting period (as per
the Statett￿nt of Financial Activities)
AdjuSt￿nts for.
O)eere&8e)lincrease in eyeditor8
(29,961)
45,￿9
(1,660)
Net eagh (u8ed xn)Iprovided by operation#
131,621)
46,869
ANALYSIS OF CEL4NGES IN NET FUNDS
At IIU25
Cash flow
At 8in2J25
Net cash
C￿h at bank
5Q051
(31.621)
¥430
b&Obl
(81,621)
24,480
Total
6￿051
(31,621)
24,430
The notes form part of thè8e finaneial statèments
Page 8

KHALILI FOUNDATION
NOTES TO THE FINANCtAL STATEMETrirs
FOR THE YEAR ENDED 31 DECEMBER 2025
ACCOUFfTING POLICIES
of preparingthe fuwwial staten￿ntS
The financial 8tatement8 ofthe charity, which 18 a pub]ic benefit entity under FILS 102. have been
prepared in accordan￿ with the Charitie8 SORP (FRS 1021 'Accounting and Reporting by
Charitie8: Statement of Recoll￿ended practi￿ applieable to clharities prepaTiryg their accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) {effeetive l January 20I9)'. Finaneial Reporting Standard 102 The Financial Reporting
Standard applicable in the UK and Republie of Ireland, and the Charities Act 2011. The finaneial
8tatement8 have been prepared under the hiBtorical cost (x>nvention.
Income
All inixjme is recogni8ed in the Statement of Financial Activities once the C￿￿lLY ]w entitlemettt
to the funds. it is probable that the income be T￿]Ved and the amount can be measutrd
reliably.
Expenditure
tiabilities are re￿gnISed as expenditurè ag soon as there is a legal or constructive obligation
committing the eharity to that expenditure, it ig probable that a transfer of e￿n￿MI¢ benefits will
be required in settlement and the amount of the obligation can be measured reliably. ExTrenditure
is accounted for on An Recrnals basRs and has been classified under heading8 that aggregate all
)st relatsd to the eat£gory. Wherè eA)gts cannot be directly attributed to particu]ar headings thèy
have been allocated to activAtie8 on a baBi8 consistent the use of re80t￿e8.
Taxation
The charity is exempt from tax on its charitable activitie6.
Fund accounting
Unrestricted funds eAn be u8ed in ac1x)rdan￿ wRth the charitable objective8 at the di8eretion of
the tru8tee8.
Re8tricted funds can onty ￿ u8ed for particutsr TestriCt￿ pury)02es within the objects of the
charity. Re8trietions arise when specified by the donoT or when funds are rai8ed for partieular
re8trActed pur￿9.
Further explanation of the nAture and purp¢J8e of each ￿nd 18 included in the notes to the
fmancial 8tatements.
DONATIONS AND LEGACIES
2025
2024
Donations
476889
664,587
Page 9
LY)ntinued...

KHALILI FOUNDATION
NOTES TO THE FINANCIAL STATEMENVS- (￿ntinued
FOR THE YEAR EfiDED 31 DECEIIIBER 2025
INV&STMETrrr INCOME
2025
2024
Inve8tment income
1,987
4,457
RAISING FUNDS
Rai8ing donations and legaeies
2025
2024
Support Clk8t8
CHARITABLE ACTIVITIFS COSTS
SuptKJrt
costs (see
nots 6)
Direct
ReBou￿$ expended
316,368
191.874
508,2S7
SUPPORT COSV3
Management
Finan
Totals
Re80urces expended
190,370
1,504
191,874
TRUSTEE9 REMUNERATIONAND BENEFITS
There were no LTh￿te98, Ternuneration or other beneEt6 br the yegy ended 31 De￿M￿r 2025 nor
for the year ended 31 De￿rnber 2024.
Trustees, expenses
There were no tru8tee8' expenses paid for the year ended 31 December 2025 nor for the year
ended 31 Deeember 2024.
COMPARATI￿ FOR THE STATEmETr￿ OF FINANCL4LACTIVITIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
DonatiOll8 and legacies
664,587
Investment inwme
4,467
Total
669.044
¥PENDITURE ON
Raising ￿ndS
250
Charitable actiTrryties
Re81)urceB expended
623,725
Page 10
coJ)titiued...

IUIALILI FOUNDATION
NOTKS TO THE FINANCIAL STATEMENI3- eotttittuéd
FOR THE YEAR ENDED 81 DECEMBER 2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES. continued
Unrestricted
fund
Total
623,975
NET INCOME
45,069
RECONCILIATION OF FUNDS
Total fund8 brought forward
9,602
TiyfAL FUNDS CARIUED
FORWARD
54,671
DEBTORS: AMOUNVS FAiLING DUE WITHIN ONE YEAR
2025
2024
Other debto
220
2.220
10. CREDITORS: AMOUIWS FAIIING DUE WITHIN ONE YEAR
2025
2024
Oth8r ereditorg
1,940
3,600
11. MOVEMENT IN FUNDS
Net
movement
in funds
At
3111W25
At 111125
Unreetricted funds
General fund
54,671
(29,961>
24,710
TQTAL FUNDS
54671
(29,961)
24,710
Net movement in fllnd￿ included in the aboye aTe a8 follow8:
Incoming Re80UW48 Moven)ent
res011r￿S
ended
in h￿d$
Unrestricted funds
General fund
478.276
(508.237)
<29,961)
TOTAL FUNDS
47&276
1508837)
129,961)
Page 11
continued...

KHALIIJ FOUNDATION
NOTES TO TEtE FINANCIAL STATEMENTS- eontinued
FOR THE YEAR ENDED 81 DECEMBER 2025
11. MOVEMENT IN FUNDS- continued
Conwaratives for in hllul8
NeÉ
movement
in funds
At
31112124
At Vlf24
Unrestrictsd funds
General fund
9,602
45,069
54,671
9,602
45,069
54,671
Comparative net movement in fimd$, induded in the above are a8 follow8:
Incoming
resour￿
Re8011rce8 Movejnent
expended
in ￿ndS
Unrestricted funds
General fund
669,044
(623,9751
45,069
TOTAL FUNDS
669,044
(623,975)
45,069
A current year 12 month8 and prior year 12 month8 (Dmbined position 18 ￿ follow8..
Net
movement
in funds
At VU24
31112125
Unrestricted fvnds
General fund
9,602
16,108
24,710
TOTAL FUNDS
9,602
15.108
24.710
A current year 12 month8 and prior year 12 months eombined net movement in fvnd4 included in
the above are as follows:
Incoming
resouTce5
ResouTIES
expended
MoveTnent
in funds
Unre$trioted fvnds
General fund
1,147,320
(1.132,212)
15,108
TOTAL FUNDS
I,147,820
11,132,212)
15,108
Page 12
Ixjntinued...

IUIAIJLI FOUE4DATION
NOTKS TO THE FtNANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 DECEMBER 2025
12. REIATED PARTY DISCLOSURES
During the year one of the trn8t£e donated£440,00012024.. £630,000) to the cP￿lty.
Page 13

KEIALILI FOUNDATION
DETAIl￿D STATEMENf OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 81 DECEMBER 202b
21Y26
2024
INCOlktE AND ENDow&￿E￿i
Donations and legacies
Donation8
47&839
664,587
Investment income
Investment income
1,937
4,457
Total iD¢o￿ing resources
47fj276
669.044
EXPENDITURE
Charitable activitie$
Re*arch contributions
Donations
72,719
22S,000
18.644
411,674
38,622
31&863
450,296
Support costs
managen￿llt
Advi80ry fee8
Advertising
Courier
AeeountAncy
Independent examination
77.263
88,247
22,820
1,520
720
84.034
63,835
21,812
1,200
600
190.370
171,481
Finance
1,504
1,234
Otber
Telephone
964
Total re80urce8 expended
508,287
623,975
Net (expenditureyineon
<29,961)
45,069
Thi8 page d(*8 not form part of the statutory fuwicial 8tatenients
Page l4