**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
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.
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
- (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.
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**
**==> picture [483 x 362] intentionally omitted <==**
**----- 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