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← The Uki Charitable Foundation

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 03609638 (England and Wales) REGISTERED CHARITY NUMBER: 1071978

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE UKI CHARITABLE FOUNDATION

Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH

THE UKI CHARITABLE FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 10 to 17

THE UKI CHARITABLE FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025

TRUSTEES V Schimmel (resigned 28.10.24) N E Schimmel (resigned 6.11.24) J Schimmel A Schimmel (resigned 6.11.24) D Conick (appointed 6.11.24) S Simons (appointed 6.11.24)

REGISTERED OFFICE 6 Princes Park Avenue London NW11 0JP REGISTERED COMPANY NUMBER 03609638 (England and Wales) REGISTERED CHARITY NUMBER 1071978 INDEPENDENT EXAMINER Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH SOLICITORS Maurice Turnor Gardner LLP 15th Floor Milton House Milton Street London EC2Y 9BH BANKERS Barclays Bank Plc 1 Churchill Place London E14 5HP The Cooperative Bank 4th Floor 9 Prescot Street London E1 8AZ

Page 1

THE UKI CHARITABLE FOUNDATION (REGISTERED NUMBER: 03609638)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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 Charitable company was established for charitable purposes which the Trustees choose to support, at their absolute discretion.The charitable purposes are for the public benefit.

The charity's strategy is to manage its investments over the long term to produce a sustainable income stream to fund future grant making activity. The trustees recognise that this strategy may take several years and that in the meantime, charitable expenditure levels may be variable.

The trustees are satisfied that the grants made are wholly in pursuit of its charitable aims.

Public benefit

The trustees have considered the Charity Commission's general guidance on public benefit and have taken it into account when managing the charity's activities, reviewing the aims and objectives and planning for future activities.

Investments

The Charity has invested in properties and other Investments to generate income to allow it to make grants to organisations to enable them to benefit those in need.

Grantmaking

The principal object of the charitable company is to provide grants to institutions and individuals as the trustees see fit.

Volunteers

The charity does not have any volunteers.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Over the financial year ended 31 March 2024, donations totalling £2,131 (2024:£784,981) were made.

The net incoming resources for the year as set out on the Statement of Financial Activities (SOFA) were a deficit of £503,103 (2024:£2,680,326).

FINANCIAL REVIEW

Reserves policy

The trustees reserve policy is to achieve and maintain an appropriate but not excessive level of reserves to support its activities, taking into account the risks to which it is exposed. The charity holds reserves in the form of funds that are earmarked by the trustees as net current assets.

At the year end the charity had unrestricted funds totalling £3,268,582 (2024:£3,771,685). By excluding fixed assets less long term liabilities from the total funds, adjusted free reserves are a deficit of £655,046 (2024:£240,054 surplus).

Fixed assets (property and investments) is valued at £3,923,628 (2024:£4,603,008).

The trustees have reviewed the cashflow projections of the charity and given the projected flow of rental and investment income, the charity has sufficient cash to meet its commitments as they fall due.

FUTURE PLANS

The charity's strategy is to manage its investments over the long term to produce a sustainable income stream to fund future grant-making activity.

Page 2

THE UKI CHARITABLE FOUNDATION (REGISTERED NUMBER: 03609638)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a company limited by guarantee, registered under the Companies Acts. The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.

The governing document is dated 30 July 1998

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals.

Recruitment and appointment of new trustees

New Trustees are appointed by the existing board of trustees. Subsequent to the year end, two new trustees were appointed. Suitable recruitment and training procedures are being applied by the trustees. The day to day affairs of the charity are administered by the Board of Trustees.

Decision making

The trustees believe that the best interests of the charity are served by focusing on the investment strategy in areas which they are familiar with. All approaches to the charity for grants are considered carefully and discussed at trustee' meetings to assess the suitability of the organisation making the request.

Risk management

The trustees have identified and reviewed the major risks to which the Charity is exposed, in particular those related to the operations and finance of the Trust, and are satisfied that systems are in place to mitigate those risks.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

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 9 January 2026 and signed on its behalf by:

J Schimmel - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE UKI CHARITABLE FOUNDATION

Independent examiner's report to the trustees of The UKI Charitable 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

  2. 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

  3. 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.

Aryeh Melinek, FCA

Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH

9 January 2026

Page 4

THE UKI CHARITABLE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

==> picture [483 x 384] intentionally omitted <==

----- Start of picture text -----
2025 2024
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 82,131 1,245,874
Investment income 4 76,888 359,153
Total 159,019 1,605,027
EXPENDITURE ON
Raising funds 5 698,727 706,456
Charitable activities 6
Grants to organisations 2,131 784,981
Other 15,390 27,457
Total 716,248 1,518,894
Net gains/(losses) on investments 54,126 (2,766,459)
NET INCOME/(EXPENDITURE) (503,103) (2,680,326)
RECONCILIATION OF FUNDS
Total funds brought forward 3,771,685 6,452,011
TOTAL FUNDS CARRIED FORWARD 3,268,582 3,771,685
----- End of picture text -----

The notes form part of these financial statements

Page 5

THE UKI CHARITABLE FOUNDATION (REGISTERED NUMBER: 03609638)

BALANCE SHEET 31 MARCH 2025

==> picture [483 x 416] intentionally omitted <==

----- Start of picture text -----
2025 2024
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Investments
Investments 12 298,628 978,008
Investment property 13 3,625,000 3,625,000
3,923,628 4,603,008
CURRENT ASSETS
Debtors 14 372,677 264,033
Investments 15 74,431 199,355
Cash at bank 67,447 63,182
514,555 526,570
CREDITORS
Amounts falling due within one year 16 (1,169,601) (286,516)
NET CURRENT ASSETS (655,046) 240,054
TOTAL ASSETS LESS CURRENT LIABILITIES 3,268,582 4,843,062
CREDITORS
Amounts falling due after more than one year 17 - (1,071,377)
NET ASSETS 3,268,582 3,771,685
FUNDS 20
Unrestricted funds 3,268,582 3,771,685
TOTAL FUNDS 3,268,582 3,771,685
----- End of picture text -----

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

The notes form part of these financial statements

continued...

Page 6

THE UKI CHARITABLE FOUNDATION (REGISTERED NUMBER: 03609638)

BALANCE SHEET - continued 31 MARCH 2025

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 9 January 2026 and were signed on its behalf by:

J Schimmel - Trustee

The notes form part of these financial statements

Page 7

THE UKI CHARITABLE FOUNDATION

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

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----- Start of picture text -----
2025 2024
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 (456,779) 63,157
Interest paid (91,035) (92,750)
Net cash used in operating activities (547,814) (29,593)
Cash flows from investing activities
Sale of fixed asset investments 733,506 -
Interest received 52,316 118,391
Net cash provided by investing activities 785,822 118,391
Cash flows from financing activities
-
New loans in year 730,000
Loan repayments in year (963,743) (210,181)
Net cash used in financing activities (233,743) (210,181)
Change in cash and cash equivalents in
the reporting period 4,265 (121,383)
Cash and cash equivalents at the
beginning of the reporting period 63,182 184,565
Cash and cash equivalents at the end of
the reporting period 67,447 63,182
----- End of picture text -----

The notes form part of these financial statements

Page 8

THE UKI CHARITABLE FOUNDATION

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
(Gain)/losses on investments
Interest received
Interest paid
Decrease in debtors
Increase/(decrease) in creditors
Net cash (used in)/provided by operations
2.
ANALYSIS OF CHANGES IN NET DEBT
At 1.4.24
£
Net cash
Cash at bank
63,182
63,182
Liquid resources
Deposits included in cash
-
Current asset investments
199,355
199,355
Debt
Debts falling due within 1 year
(220,000)
Debts falling due after 1 year
(1,071,377)
(1,291,377)
Total
(1,028,840)		 2025
£
(503,103)
(54,126)
(52,316)
91,035
16,280
45,451
(456,779)
Cash flow
£
4,265
4,265
-
(124,924)
(124,924)
(837,634)
1,071,377
233,743
113,084		 2024
£
(2,680,326)
2,766,459
(118,391)
92,750
110,721
(108,056)
63,157
At 31.3.25
£
67,447
67,447
-
74,431
74,431
(1,057,634)
-
(1,057,634)
(915,756)

The notes form part of these financial statements

Page 9

THE UKI CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

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.

Gross income consists of investment income arising from the charity's assets.

Income is categorised as income from investment and other income and is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity's assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably. All income is accounted for gross, before deducting any related fees or costs.

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.

Allocating costs to activities

Direct costs that are specifically related to an activity are allocated to that activity.Shared direct costs and support costs are apportioned between activities.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Fixed asset investments

Fixed asset investment properties and similar investments are shown initially at cost upon acquisition and are subsequently shown at their fair value at the balance sheet date.

The main investment property is carried at fair value with reference to the trustees valuation. The change in fair value has been recognised in the Statement of Financial Activities in the period in which they arise.

Unlisted investments

Taxation

The charity is exempt from corporation tax on its charitable activities. The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 10

THE UKI CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

Going concern

As part of the trustees assessment of going concern, the trustees have reviewed the cash flow projections of the charity. In light of the projected flow of rental income and the current and future committed support from the charity's lender, the Co-operative Bank, it is the opinion of the trustees, that the charity has sufficient cash to meet its commitments as they fall due.

Future assumption continues to be that the income will continue from the charity's investments, and the risks are subject to ensuring that lessees continue to be suitable for letting to tenants.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors

A liability, and related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated. Short term creditors are measured at transaction price (which is usually the invoice price).

Foreign currencies

Transactions in foreign currencies are recognised at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

Significance of financial instruments to the charity's position

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The charity makes certain estimates and assumptions regarding the future. Estimates and judgements are continually evaluated based on historical experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances. In the future, actual experience may differ from these estimates and assumptions. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Investment properties

Investment properties are valued by the trustees with reference to current market rents and yields for similar properties, in addition to available information in respect of resale values and property specific factors such as location and condition of the property. Therefore the valuations are subject to a degree of uncertainty, particularly in periods of difficult market or economic conditions.

Investments

The company makes an estimate of the fair value of unlisted investments. When assessing fair value of such investments, management considers factors including the current net assets and profitability of the investment.

Debtors

Debtors are measured at transaction price, less any impairment. Loans Notes receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. The estimation of impairments is such that actual outcomes could differ significantly from those estimates.

continued...

Page 11

THE UKI CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

3. DONATIONS AND LEGACIES

Donations
4.
INVESTMENT INCOME
Rents received
Income from lease extensions
Interest received
Insurance reimbursement
Commission received
5.
RAISING FUNDS
Investment management costs
Property letting and management fees
Other property outgoings
Insurance
Professional fees
Property rates and service charges
Interest payable and similar charges
6.
CHARITABLE ACTIVITIES COSTS
Grants to organisations
7.
GRANTS PAYABLE
Grants to organisations
The total grants paid to institutions during the year was as follows:
KKL Charity Accounts
Other donations (<£5,000 in aggregate)
JNF Charitable Trust		 2025
£
82,131
2025
£
24,572
-
52,316
-
-
76,888
2025
£
24,760
472
27,454
109,737
445,269
91,035
698,727
2025
£
2,131
2025
£
-
2,131
-
2,131		 2024
£
1,245,874
2024
£
232,233
3,667
118,391
4,617
245
359,153
2024
£
9,205
788
23,185
19,029
545,040
109,209
706,456
Grant
funding of
activities
(see note
7)
£
2,131
2024
£
784,981
2024
£
426,481
-
358,500
784,981

continued...

Page 12

THE UKI CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

8. SUPPORT COSTS

SUPPORT COSTS
Other resources expended Governance
costs
£
3,314
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2025
£
Auditors' remuneration
-
Exchange rate variance
82,076
Independent Examination
1,000		 2024
£
5,500
21,709
-

9. NET INCOME/(EXPENDITURE)

10. 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.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Grants to organisations
Other
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward		 Unrestricted
fund
£
1,245,874
359,153
1,605,027
706,456
784,981
27,457
1,518,894
(2,766,459)
(2,680,326)
6,452,011

continued...

Page 13

THE UKI CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
fund
£
TOTAL FUNDS CARRIED FORWARD 3,771,685
12.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2024
Disposals		 Unlisted
investments
£
978,008
(679,380)
At 31 March 2025 298,628
NET BOOK VALUE
At 31 March 2025		 298,628
At 31 March 2024 978,008
All fixed assets investment are held outside the UK.

Cost or valuation at 31 March 2025 is represented by:

Valuation in 2022
Valuation in 2023
Valuation in 2024
Valuation in 2025
Cost		 Unlisted
investments
£
5,965
48,775
(16,459)
(2,390)
262,737
298,628

In the opinion of the trustees, the aggregate value of the investments is not less than the amount included in the balance sheet.

13. INVESTMENT PROPERTY

FAIR VALUE
At 1 April 2024
and 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 £
3,625,000
3,625,000
3,625,000

The investment properties has been valued by trustees at the year at £3,625,000.

The valuation of the investment property is based on the market value in accordance with the following definition: The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm's length transaction.

continued...

Page 14

THE UKI CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Prepayments and accrued income
15.
CURRENT ASSET INVESTMENTS
Other investments
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 18)
Trade creditors
VAT
Other creditors
Accruals and deferred income
17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 18)
18.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
19.
SECURED DEBTS
The following secured debts are included within creditors:
Bank loans		 2025
£
5,400
367,277
372,677
2025
£
74,431
2025
£
1,057,634
6,029
299
79,140
26,499
1,169,601
2025
£
-
2025
£
1,057,634
-
2025
£
1,057,634		 2024
£
56,008
208,025
264,033
2024
£
199,355
2024
£
220,000
-
2,507
3,762
60,247
286,516
2024
£
1,071,377
2024
£
220,000
1,071,377
2024
£
1,291,377

Bank loans are secured on the charity's investment properties.

continued...

Page 15

THE UKI CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

20. MOVEMENT IN FUNDS

Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
159,019
TOTAL FUNDS
159,019
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as
Incoming
resources
£
Unrestricted funds
General fund
1,605,027
TOTAL FUNDS
1,605,027		 At 1.4.24
£
3,771,685
3,771,685
Resources
expended
£
(716,248)
(716,248)
At 1.4.23
£
6,452,011
6,452,011
follows:
Resources
expended
£
(1,518,894)
(1,518,894)		 Net
movement
in funds
£
(503,103)
(503,103)
Gains and
losses
£
54,126
54,126
Net
movement
in funds
£
(2,680,326)
(2,680,326)
Gains and
losses
£
(2,766,459)
(2,766,459)		 At
31.3.25
£
3,268,582
3,268,582
Movement
in funds
£
(503,103)
(503,103)
At
31.3.24
£
3,771,685
3,771,685
Movement
in funds
£
(2,680,326)
(2,680,326)

continued...

Page 16

THE UKI CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

21. RELATED PARTY DISCLOSURES

During the year,The UKI Charitable Foundation received £40,000 (2024:£460,000) in donations from a charity with common trustees.

During the year,The UKI Charitable Foundation sold 85.47% of the Parkmerced Investments. The sale which was at the market value was made to the spouse of a trustee.

22. POST BALANCE SHEET EVENTS

Following the year end, on 11 September 2025 the company was released from all charges on its assets as the company provided full satisfaction of the charges on repayment of the borrowings existing at the balance sheet date following sale of the investment property situated at Arnhem House, 31 Waterloo Way, Leicester.

23. ULTIMATE CONTROLLING PARTY

The charity is a company limited by guarantee. The members of the company are the trustees. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

Page 17