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← The Kiawah Charitable Trust

2025-04-05-accounts

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Wealth & Asset Management

THE KIAWAH CHARITABLE TRUST

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REPORT AND ACCOUNTS Year ended 5 April 2025

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THE KIAWAH CHARITABLE TRUST

INDEX

Year ended 5 April 2025

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||||| |---|---|---|---| |ee| |Page| |General information|zZ| |Report of the|trustees| |3-6| |Statement|of trustees’|responsibilities|7| |Independent Auditor's|report|8-11| |Statement of financial|activities|12| |Balance|sheet| |Pd|13| |Cashflow| |14| |Accounting|policies|15-16| |Notes|to the|financial statements|17-21|

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THE KIAWAH CHARITABLE TRUST

GENERAL INFORMATION

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||||||| |---|---|---|---|---|---| |Year|ended|5|April|2025| |oer|ST| |Trustees|Lynne|Helen|Smitham| |Peter Smitham| |Andrea|Jackson| |Accountant|Handelsbanken|Wealth|& Asset|Management| |77|Mount|Ephraim| |Tunbridge|Wells| |Kent| |TN4|8BS| |)|-| |Independent Auditors|Gibson|Booth|Chartered|Accountants &|Statutory Auditors| |New|Court| |Abbey|Road|North| |Huddersfield| |HD8|8BJ| |Principal|Office|77|Mount|Ephraim| |Tunbridge Wells| |TN4 8BSKent| |Registered charity number|1107730|

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THE KIAWAH CHARITABLE TRUST

REPORT OF THE TRUSTEES

Year ended 5 April 2025

The trustees present their report with the financial Statements of the charity for the year to 5 April 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

Object and activities for the public benefit The objects of the trust are for such charitable Purposes as the trustees in their absolute discretion think fit. The main aims are to create an equa! world where each woman Can create the kind of life she wishes to lead, unconstrained by harmful norms and stereotypes. Where males and females have the same value in society. Where women have the same opportunities as men and boys, without fear of prejudice, harassment or violence and regardless of age, race, ethnicity, disability, religion or sexual orientation.

Public benefit

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The trustees confirm that they have considered the guidance contained in the Charity Commission's general guidance on public benefit when setting out the grant making policy for the year. The trust complies with its public benefit andresponsibilitiesaims. by making grants to individuals and institutions for charitable purposes in support of its stated objectives

Grant-making

The trustees prefer to adopt a proactive approach to seek charities that best fit their aims. The trustees currently focus their funding on the following activities:

Grant-making criteria

In line with their current strategy, the trust will consider Supporting organisations that demonstrate:

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THE KIAWAH CHARITABLE TRUST

REPORT OF THE TRUSTEES

Year ended 5 April 2025

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ACHIEVEMENTS AND PERFORMANCE

Charitable activities The charity has made grants this past year in support of the following efforts

Specifically in the UK, Kiawah Trust’s strategy is to help remove barriers to employment for disadvantaged women so they can work should they wish. This year it has included funding organisations to campaign for the reform and strengthening of the early education and childcare sector. The intended impact is that high quality, affordable and available early education and childcare will be available to all women. It has also included funding organisations who campaign for flexible working hours, longer paternity leave, and easier access to work for single parents, 86%.of whom are women.

in India, Kiawah Trust's approach has been to fund Impact India Foundation for their 10-19 Dasra Adolescent Collaborative. This helps adolescent girls gain the knowiedge, skills and resources needed to move from poverty and disadvantage to a healthy, educated, empowered and employable adulthood. Dasra brings charitable organisations, local and national Indian Governments and funders together in a collaborative effort. The intended impact is to help encourage better policy and practice to end intergenerational poverty, while giving womena voice and a choice.

Fundraising activities

The trust is funded principally by gifts from the founders. Additionally income generated from investing the funds are used to further the charity's objectives.

FINANCIAL REVIEW

Principal funding source The principat source of funds comprise investment returns and gifts from Peter and Lynne Smitham.

Investment policy and objectives The trust's investment policies are reviewed annually to ensure they take account of any changes to the financial environment as advised by its investment managers (Handelsbanken Wealth and Asset Management).

To ensure long term cash is available as needed, without compromising returns the trustees are continuing to be invested in a Balanced portfolio investment strategy, which hopes to produce superior returns. In addition, sufficient funds are also held on bank deposit to cover shorter term liquidity requirements.

Reserves policy Amount for future multi-year grants are fully reserved. The trust has no other significant requirement to retain reserves as the governance and other running costs are minimal, and the trustees aim is to make grants of ail available funds over a ten year period.

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THE KIAWAH CHARITABLE TRUST

REPORT OF THE TRUSTEES

Year ended 5 April 2025

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Unrestricted funds

Incoming resources for the year amounted to £733,329 compared to £231,977 for the period to 5 April 2024.

Additional grant commitments of £60,000 were agreed prior to 5 April 2025 as well as grants actual paid of £246,200 and the support costs amounted to £114,213. This compares to grants of £410,000 and support costs of £113,783 for the for the previous year,

Unrestricted funds at the year end were £453,417 (2024; £140,501)

Expendable endowment

There were no additional donations and gift aid repayments added to the expendable endowment fund in the year. Expendable endowment stood at £4,585 853 (2024: £4,570,684) at the balance sheet date. FUTURE PLANS ~

The main strategy of the trust continues to be the promotion and acceleration of gender equality and justice in the UK and India. Trustees believe the intended funding will help children, families and economies to thrive, and equality to be improved in society.

in India the trustees intend to continue to apply funds to support the education, empowerment and elevation of disadvantaged youth, especially girls and young women.

In the UK, trustees intend to continue to support research, programs or advocacy that strengthen and sustain early education and childcare provision for all families. In addition, trustees intend to continue to support research, programs or advocacy that help women, and especially those who are disadvantaged, to gain and sustain decently paid, satisfying and stable employment should they wish. The trust continues to collaborate with other funders and social sector organisations whenever possible. Through this they aim to build strong evidence of approaches and programs that will significantly impact the maximum number of women and girls in the UK and India.

STRUCTURE, GOVERANCE AND MANAGEMENT

Governing[document]

The charity is controlled by its governing document, a deed of trust dated 2 December 2004 and constitutes an unincorporated charity,

Recruitment and appointment of new trustee Peter and Lynne Smitham are trustees for life and the number of trustees shall be a minimum of two and a maximum of six. The trustees will be appointed by the existing trustees and retiring trustees may be re-appointed,

Organisation structure

The trustees meet regularly to review the trust's charitable aims and strategy, the progress of current grants and grantees, to discuss meetings with and visits made to grantees, to consider grants to be made, to review their investments, and their investment strategy and performance and to consider reserves and risk management policies.

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THE KIAWAH CHARITABLE TRUST

REPORT OF THE TRUSTEES

Year ended 5 April 2025

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Induction and training of new trustees The induction process for any newly appointed trustee comprises an initial meeting with the existing trustees. The new trustee will be provided with a copy of the Charity Commission's guidance "the Essential Trustee: What you need to know", a copy of the trust deed and a copy of the latest accounts and Trustees' Report.

Related parties

The trust was established by an initial gift from Peter Smitham who is a trustee and a founder of the trust.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees make single grants and multi-year grants. All organisations or individuals that are considered for funding undergo detailed and rigorous due diligence by the trustees and their advisers. This takes the form of written information and personal visits to meet the management and see programs in action.

The trustees endeavour to assure themselves that the organisations they consider funding are transparent and sound in their fiduciary, financial and management practices and policies, and that they will use Kiawah Trust funding for entirely charitable purposes. Funding is conditional upon regular reports and feedback from the recipient on their progress against plan. : rs Where appropriate, multi-year funding commitments are governed by a legal agreement between Kiawah Trust and the grantee. Where multi-year grants are agreed, trustees ensure that there are sufficient funds invested to cover the term commitment. , ' aM i : ; re eh

Approved by order of the board of trustees on ¥ O\ yAles0.and signed on its behalf

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THE KIAWAH CHARITABLE TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

Year ended 5 April 2025

— i, Trustees' responsibilities in relation to the financial statements The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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THE KIAWAH CHARITABLE TRUST

Independent Auditor’s Report to the Trustees of The Kiawah Trust

Year ended 5 April 2025

Opinion

We have audited the financial statements of The Kiawah Trust (the ‘charity') for the year ended 5 April 2025 which comprise the statement of financial activities, the balance sheet, cash flow statement and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and the United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of treland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. 8

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THE KIAWAH CHARITABLE TRUST

Independent Auditor’s Report to the Trustees of The Kiawah Trust

Year ended 5 April 2025

Sr SS Sass SSS sn ssn Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materiaily misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: -

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Other Matters

The comparative financial statements are unaudited as the prior year financial statements were not required to have an audit.

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out on page 6, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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THE KIAWAH CHARITABLE TRUST

Independent Auditor’s Report to the Trustees of The Kiawah Trust

A AA SS KS LV | | Year ended 5 April 2025 Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity and the charity sector, we identified that the principal risks of non-compliance with law and regulations related to the Charities Act 2011, and we considered the extent to which non-compliance might have a material effect on the financial statements. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and the audit procedures performed included:

we ° Correspondence with Management including consideration of known or suspected instances of non-compliance with laws, regulation and fraud; ° Testing of bank transactions, including tracing grant payments made, to supporting information. e Testing compieteness of income ° Testing accounting adjustments Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. | A further description of our responsibilities is available on the Financial Reporting Council's website at: | httos://www. fre.org. uk/library/standards-codes-policy/audit-assurance-and-ethics/auditors-responsibilities-for-the-audit/ | This description forms part of our auditor's report i 1 j '

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Gibson Booth (Feb 4, 2026, 1:29pm)

04 Feb 2026

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THE KIAWAH CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES

Year ended 5 April 2025

Year ended 5 April 2025
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tS		 Des
Unrestricted Expendable Total Total
Income endowment this period last year
Note Fund Fund 2025 2024
(restated)
£ £ £ £
incoming resources
Donations and legacies 1 606,250 606,250 124,100
Investment income 2 121,133 121,133 107,877
Other income 3 5,946 5,946 -
Total incoming resources 733,329 - 733,329 231,977
Resourses expended *
Charitable activities
Grants made 4 306,200 306,200 410,000
Other 5 114,213 114,213 113,783
Total resources expended 420,413 - 420,413 523,783
Net incoming/(outgoing) resources 312,916 - 312,916 (291,805)
before transfers
Gross transfers between funds - - - -
Net income/(outgoing) resources before 312,916 - 312,916 (291,805)
other recognised gains and losses
Other recognised gains and losses
(Losses)/gains on investment assets 15,169 15,169 188,102
Net movements in funds 312,916 15,169 328,085 (103,704)
Fund balance brought forward at 5 April 2024 517,651 4,570,684 5,088,335 5,569,189
(as previouly stated)
Prior yearadjustment
Fund balance brought forward at		 5 April2024 (377,150)
140,501		 -
4,570,684		 (377,150)
4,711,185		 (754,300)
4,814,889
(restated)
Fund balance carried forward at 5 April 2025 453,417 4,585,853 5,039,270 4,711,185
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THE KIAWAH CHARITABLE TRUST

BALANCE SHEET

As at 5 April 2025

As at 5 April 2025 As at 5 April 2025 As at 5 April 2025 As at 5 April 2025
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RSS ats		 ernroses rmvense nevus ssrsivunssantisesnnsmnsaersvemsnss
Notes Unrestricted
Fund		 Endowment
Fund		 Total
thisperiod
2025		 Total
last year
2024
Fixed assets £ (restated)
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Investment atmarketvalue 7 - 4,025,374 4,025,374 . 4,015,889
Current assets 1
Debtors 8 - - - 124,100
Cash atbank 902,625 560,479 4,463,104 1,182,133
Current liablities . .
Creditors: amounts fallingdue
within one year		 9 (449,208) - (449,208) (610,936)
Netcurrentassets
Net assets		 a 453,417
453,417		 4,585,853
4,585,853		 1,013,896
; TT Tit		 695,297
a7)1,185
Funds
Expendableendowmentfund
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Unrestricted incomefund
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Approved
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LH Smitham		 > 4,585,853
453,417
5,039,270
signedonitsbehalfby:		 by: 4,570,684
140,501
4,711,185.
by:
Trustee

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THE KIAWAH CHARITABLE TRUST

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CASHFLOW STATEMENT

As at 5 April 2025

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2025 2024
(restated)
Net income fortheyear 312,916 (291,806)
Adjustments for
Interest and dividends (127,079) (107,877)
Decrease/(Increase) in debtors 124,100 (124,100)
Increase(Decrease) in creditors (161,728) (153,808)
Cash flows from/(used by) operating activities 148,208 (677,591)
Cash flows from investing activities -
Interest and dividends 427,079 107,877
Proceeds from sale of investments -
Purchase of investments a z
Net cash from investing activities 127,079 107 877
Change in cash and cash equivalents 275,287 (569,714)
Cash and cash equivalents brought forward 1,187 817 1,757,531
Cashandcashequivalentscarriedforward 13 1,463,104 1,187,817

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THE KIAWAH CHARITABLE TRUST

ACOUNTING POLICIES

As at 5 April 2025

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Basis of preparing the financial statements

The financial statements of the charity, 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 the 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 Charities Act 2011. The financial statements have been prepared on a going concern basis and under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statement. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. =

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 the headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activates on a basis consistent with the use of resources.

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.

Allocation and apportionment of costs

Resources expended are allocated directly to the fund to which they relate.

Taxation

The charity is exempt from tax on its charitable activities.

Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

The endowment fund is restricted in that the funds are to provide a capital base in order to generate an income to make grants in the course of the charity's activities. The endowment is however expendable ;

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THE KIAWAH CHARITABLE TRUST

ACOUNTING POLICIES

As at § April 2025

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at the discretion of the trustees.

Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

: Investment are shown at market vatue at the balance sheet date. All gains or losses on the revaluation or on disposal are included in the Statement of Financial Activities

Financial Instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

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Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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THE KIAWAH CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

As at 5 April 2025

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|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |1|Income|(restated)| |Gift|Aid|receipts|485,000|-| |Gift|of|shares|-|2| |°|Gift|Aid|refund|(Outstanding|claim|for|the|year|ended|5|April|2022)|121,250|124,100| |606,250|124,100| |2|Investment|income| |Deposit|account|interest|40,024|45,195| |Other|fixed|asset|investment|81,109|62,682| |121,133|107|877| |3|Other|income|‘i| |Adjustment|for|overstated|commitment|be|4|-| |HMRC|interest|supplement|on|gift|aid|refund|5,942|-||| |5,946|-| |.| |4|Grants| |Provision|of|health,|education|and|empowerment|programs|for women|and| |girls,|and|research|and|awareness|building|of|gender|equality|and|impactful| |philanthropy|both|nationally|and|overseas|306,200|410,000| |The|Fawcett|Society|122,000| |Rosa|10,000| |The|Motherhood|Plan|70,000| |Gingerbread|Charity|10,000| |Save|the|Children|12,000| |More|in|Common|7,800| |Early|Education|and|Childcare|Coalition|(Women's|Budget|Group)|14,400| |Dad|Shift|20,000| |Dingley|Family|20,000| |Nanny|Solidarity (NPO)|20,000| |The Women's|Budget|Group|410,000| |706200 FT| |—————X— SSE|

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THE KIAWAH CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

As at 5 April 2025

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2025 2024
£ £
(restated)
5 Support costs
Other resources expended		 114,213
oS		 113,783
————
Management
Travel
Education &Training
Audit/Independentexamination
Accountancyfor2024/25 (2023/24)
Secretarial assistance
ITexpenses
Post
Other expenses
Consultancy		 25,972
-
1,920
4,944
24,494
207
-
5
“_ 86,675
114,213		 -
1,995
450
4,800
14,730
200
396
528
90,683
113,783

Trustees’ Expenses

During the year expenses amounting to £25,972 (2024: Nil) were reimbursed to Peter and Lynne Smitham. This covered the cost of travel to India and subsistence for two site visits to Dasra (The Impact Foundation) to ensure that the Charity's grant was being used for charitable purposes and in accordance with the grant agreement.

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Analysis of Investment

Analysis of InvestmentInvestment MktValue
at yearend		 MktValue
at year end
3,033,896.964Hb Balanced MultiAsset FundD Inc
Portfolio cash
Total		 4,025,374
-
4,025,374		 4,010,205
5 684
4,015,889
The historic cost ofthese investmentswas £3,694,719 (2024: £3,694,719)
Market value
Carrying (market) value atbeginning ofyear		 4,010,205 3,822,103
Add Additions at cost - -
Less disposals at carry value
Add/(deduct) netgain/(loss)on revatuation
Carrying (market) value atend ofyear		 -
15,169
4,025,374		 -
188,102
4,010,205
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THE KIAWAH CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

As at 5 April 2025

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2025 2024
£ £
(restated)
8 Debtors
Outstanding gift aid refund (Quitstanding claw for the year ended 5 April 2022) - {24,100
; 124,700
9 Creditors: amount falling due within one year
Reimbursement to trustees 5,194 5,194
Audit/Independent examiners fee 1,920 450
Accountancyfee fee 4,944 4,800
Grant Commitments 437,150 6/7 (152
Consultancy fees - 23,340
449,208
610,936
——=———SS————ESEE——
10 Movement in Funds
At Prior year At Income Expenditure Gains losses At
06-Apr-24 adjustment 06-Apr-24 & transfers 05-Apr-25
(as previously stated) (restated)
£ £ £ t ss £
Expendabie 4,570,684 - 4,570,684 - - 15,169 4,585,853
endowment funds
Unrestricted 517,651 (377,150) 140,501 733,329 (420,413) - 453,417
funds
5,088,335 (377,150) 4,711,185 733,329 (420,413) 15,169 5,039,270
At Prior year At Income Expenditure Gains losses At
06-Apr-23 adjustment 06-Apr-23 & transfers 05-Apr-24
(as previouslystated)
£		 £ (restated)
£		 £ £ £ (restated)
£
Expendable 4,382,582 - 4,382,582 - - 188,102 4,570,684
endowment funds
Unrestricted 1,186,607 (754,300) 432,307 231,977 (523,783) - 140,501
funds
5,569,189 (754,300) 4,814,889 231,977 (523,783) 188,102 4,711,185

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THE KIAWAH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS

As at § April 2025

aeNS Analysis of Net Assets between Funds

Fund balances at 31 March 2025 are represented by: 31 March 2025 are represented by:
Unrestricted Restricted Expendable
Income Income Endowment
Fund Fund Fund Total Funds
f g £ g £
Fixed assets - - 4,025,374 4,025,374
Current assets 902,625 - 560,479 1,463,104
Current liabilities (449,208) - - (449,208)
Non - current liabilities - x - -
Total net assets 453,417 - 4,585,853 5,039,270
Analysis ofNetAssets between Funds oe
Fund balances at 31 March 2024 are represented by:
Unrestricted Restricted Restricted
Funds General Fixed Asset
. Funds Funds Total Funds
£ a £ £
Tangible fixed assets - - 4,015,889 4,015,889
Current assets 751,437 - 554,795 1,306,232
Current liabilities (610,936) - - (610,936)
Non - current liabilities - - - -
Totalnetassets 140,501 : 4,570,684 4,711,185

Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general charitable objectives.

Expendable endowment funds are primarily invested to produce income but may be used to fund charitable purposes.

11 Related Party Disclosures

During the year under review the charity received donations form Peter and Lynne Smitham of £368,750 and £237,500 including the gift aid repayments. They did not make any donations to the charity in the previous year (2024).

,

THE KIAWAH CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE FINANCIAL STATEMENTS

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12 Prior period adjustment A prior period adjustment was made to recognise grant commitments which were made in previous years, and therefore needed recognising in the accounts. As a result, reserves at 5 April 2024 were £377,150 less.

The adjustment increased net income in the previous year by £377,150 and in 2023 reduced net income by £754,300

  1. Analysis of cash and cash equivalents

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2025 2024
£ £
Cash in hand 1,463,104 1,182,133
Cash held within investments - 5,684
1,463,104 1,187,817 ™
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21

SY

Issuer

Gibson Booth

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Wed, 4th Feb 2026 13:29:12 GMT

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