2025 KORT Provrfing Aoyefor orpAan5 UK REG:1113836 ANNUAL REPORT AND FINANCIAL STATEMENTS 11 I.M4GE%'CY,
ELPING RPHANS ROSPER THROUGH DUCATION MISSION Our mission is to revolutionise the charity sector by implementing sustainable models, with a foeus on alleviating poverty. VISION We aspire to create a future in E(ashmir and Pakistan where every child is free from the constraints of poverty. Our society will be built uponthe core values of sineerity, social justice, and trust, ensuring a foundation of prosperity and equality for all.
2025 Annual Report Table of Contents Table Of Contents ANNUAL REpoIYr FINANCIAL REVIEW Intro 002 F(ORT Hospital 028 Message from the Chair 003 Financial Review 031 Financial overview 004 Independent auditor's report 035 Orphan welfare 005 Statement of Financial Activities 038 Education for all Balance sheet 039 Shelter for all 014 Cashfiow statement 040 Feeding the needy 016 Notes to the Cashflow statement 041 Clean water for all 018 Notes to the finaneial statements 042 Women empowerment 019 Corporate directory 052 Turning disability into ability 022 Emergency relief 024 Mosque projects 026 Page 001 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annual Report Introduction Welcome to our Annual Report, highlighting our achievements, progress, and unwavering commitment to excellence over the past year. This report reflects the hard work, dedication, and collective effort that continue to drive our mission forward and strengthen the impact of our work. Turning Orphans Dreams, Into -vi Page 002 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annual Report Message from the Founder Message from the Founder | Chairman am delighted to present our Annual Report, showcasing the remarkable journey and achievements of KORT over the past year. Reflecting on our work fills me with immense pride as I witness the unwavering dedication of our team, the steadfast support of our donors and partners, and the profound impact we have made in the lives of those most in need. Despite the challenges we have encountered, we have remained resolute in our commitment to providing hope, education. and relief to disadvantaged communities. Our mission to uplift orphaned and underprivileged children through education, care, and empowerment continues to guide every aspect of our work. l extend my heartfelt gratitude to our devoted team members, whose passion and perseverance have been instrumental in driving KORT forward. Their tireless efforts ensure that we continue to transform lives and create lasting, meaningful change. I would also like to express my sincere appreciation to our generous donors and supporters. Your trust, kindness, and dedication enable us to keep making a difference. and we are deeply grateful for the opportunity to work alongside you in building a brighter future for those who need it most. 66 Ch Mohammed Akhtar (Tl) Every Life Matters 9 9 Founder I Chairman Kashmir Orphan Relief Trust Page 003 www.kort.org.uk Kashmir Orphan Relief Trust
Our Financial Overview in 2025 0.8% £3,996,679.23 Raised ProiedslAppealS 992% Admin Exp8ns@s 5.6% How Our Income Was Spent For every £1 '. 82.8p went directly to the beneficiaries, making a meaningful impact where it matters most. 11.6p was invested in fundraising efforts to sustain and expand our reach. Only 5.6p was used for administrative costs, ensuring eff icient operations. ProjÈS SpèThding 82.8% Page 004 www.kort.org.uk Kashmir Orphan Relief Trust
Empowering Change, One Step at a Time 20 Impact Report 25 Dashboard rA AJ r) £3.9M 10.000+ 12.500 in total donations received People helped over AJK individuals successfully reached across 5 regions Orphanwelfare Educatlon forall Shelterforall 2200+ 650+ Kit5 With stationery and essential items for schooling 950 women and families benefitted from our widowernpowerment program Orphans helped via accommodation, meal, elothin&food, eential5 500+ De5eNinE Students helped attain a proper education Clean Water ForAII Food Security Women Empowerment 13 Waterfiltration PLants Deliv&red 10,OOO+ IOOO+ women and youth trained benefited from our feedingthe needy atnpaign 2000+ 985 People8 benefitting Sewing machine distributed Turning disabil¢ties into ability IOOO+ wheelchairs distributed Page 005 www.kort.org.uk Kashmir Orphan Relief Trust
We couldn't have done it without your generous support. Providing care, support, and opportunities for orphans to grow, thrive, and build brighter futures filled with hope and stability Orphan Welfare Page 006 www.kort.org.uk Kashmir Orphan Relief Trust
A Foundation for Independence and Personal Growth At KORT, we recognise that true care goes beyond shelter. Our programmes are designed to empower each child by strengthening their self-belief, guiding them through personalised mentorship, and providing essential life skills. Through a comprehensive and structured approach to development, we prepare our children to become capable, confident, and independent young adults. A Lifelong Commitment Our rni5sion is to uplift and empower every child who comes through our doors. As we look ahead, KOR T remains committed to expanding orphan care initiatives, refining our programs, and ensuring that every orph8ned child finds hope, stability, and a path to success. 60 Visiting Kashmir Orphans Relief Trust (KORT) ha8 been overwhelming and inspiring. Witnessing the children s lives. the system's structure. and the exeeptional faeilities fill$ me with hope. Inshallah, more lives will transform. leading to countless success stories. So proudl (Maj Gen Muhammad Asim GOC 19 Division Mangla.) 99 Page 007 www.kort.org.uk Kashmir Orphan Relief Trust
Raising Future Leaders Through Care, Education and Opportunity At KORT, orphan welfare is more than providing shelter, it is about Creating a nurturing environment where every Child is empowered to re8¢h their full potential. Through its two state-of-the-art educational and residential complexes at, Akhtarabad Jarikas, Mirpur (AJK) and Alamabad, Swabi (KPK). KORT is currently raising and educating more than 800 orphaned boys and girls. E8¢h child receives comprehensive care that addresses their educational, physic81, emotional, and spiritU81 development. From quality education ar)d modern residential facilities to nutritious meals, healthcare, mentorship, and recreational opportunities, KORT ensures that every child grows up in a safe, supportive, and inspiring environment. The PLJrpose-built campuses provide world-class educational and residential facilities, complemented by libraries, science and cornputer laboratories, sports complexes. playgrounds. and dedicated spaces for personal development. Beyond academic exceller)ce. KORT nurtures confidence, leadership, discipline, and life skills, preparing children to become responsible citizens and future leaders. The organisation's Core values Sincerity (Ikhlas), So¢ial Justice (Adl), and Trust (Arn8na)-are embedded in every aspect of orphan care. These values shape an environment where compassion is matched with accountability. and where every decision is guided by the best interests of the child. KORT believes that true care extends far beyond meeting basic needs,. it is about nurturing character, resilien¢e, leadership, and a lifelong commitment to servin8 humanity. The impact of this holistic model is reflected in the achievements of KORT'S graduates. Over the years, hundreds of young men and women have completed their education and successfully entered diverse professions, including medicine, engineering, education, information technology, business, public administration, and entrepreneurship. Equipped with quality educ8tion 8nd strong moral values, they are building successful careers while contributing positively to their communities. Many former KOR T students h8ve chosen to give back to society by mentoring younger children, supporting charitable initiatives, serving in community development projects, and becoming advocates lor education and social welfare. Their journeys demonstrate that investing in orphaned children creates a ripple ellect, transforming not only individual lives but also families, communities, and future generations. Today, KORT'S alumni stand as living proof that with the right care, education, and opportunities, vulnerable and marginalized children can overcome adversity and become compassionate leaders, skilled professionals, and responsible citizens. Their success is a testament to KORT'S enduring mission of transforming lives and creating sustainable social impact through education snd empowerment. po At KOR T, every orphan is given more than a place to live, they are given a home, an education, and the opportunity to bLJild a brighter future. By investing in their potential today, KORT is helping transform lives and creating lasting hange for 8eneratlOn5 to come. Page 008 www.kort.org.uk Kashmir Orphan Relief Trust
Resilience is born from embracing life's toughest challenges Celebrating Excellence, Inspiring Future Leaders KORT School & Coll8ge of Excellence proudly hosted its Annual Award Ceremony 2025-26, celebr8ting the exception81 ac8demic achièvements, leadership, and dedication of its studènts. The event recognized the h8rd work and perseverancè of KORT'S shining stars, who have demonstrated excellence not only in academics but also in character, discipline, arid extracurricular activities throughout the year. Students who excelled in academics, sports, co-curricular 8Ctivities, attendance, and exemplary conduct were honoured with awards, med8ls, certificates, and prizes. The recognition celebratgd not only their 8¢hiev8ments but 8lso thg determination and resilience that enabled them to reach thèse milestones. At KORT, celebrating success is an important part of the learning journey. Recognising students, achievements boosts confidence, nurtures self-beliel, and motivates them to pursue even greater goals. For orphaned and vulnerable children, such moments ol appreciation reinforce the message that their hard work is valued and th8t their 8spirations are within reach. The Annu81 Aw8rd Cgremony inspires hg8lthy competition, encourages a culture of excellence, and motlV8tes every student to strive for Continuous improvement. These achievements would not have been possible without the unwavering dedication ol KORT'S teachers, mentors, and staff, whose commitment to academic excellence and character development continues to shape confident, compassionate, and c8pable youn8 individuals. KORT also extends its deepest gratitude to its generous donors and supporters, whose continued investm8nt in education en8bles hundreds ol children to unlock their potenti818nd build brighter future5. The Annual Award Ceremony stands as a celebration ol achievement, perseverance, and hope-a reminder that when children are provided with quality education, encouragement, and opportunity, they are empowered to become the leaders, professionals, and chen8em8kers of tomorrow. wj )Icomes WARDS Page 009 www.kort.org.uk Kashmir Orphan Relief Trust
Beyond Boundaries: The Life of 2 successful orphans at KORT Mahnoor Majeed's Road to her MBBS When Mahnoor Majeed lost her father to cancer, her childhood was overshadowed by uncertainty. With six children left behind and limited financial resources, her familys future seemed uncertain, and her lifelong dream of becoming a doctor appeared out of reach. In 2016, Mahnoor joined the KORT Educational & Residential Complex as a Grade 4 student. There, she found f8r more than a place to continue her education, she found a caring environment where she was nurtured, encouraged, and given every opportunity to pursue her ambitions. Today, Mahnoor is a second-year MBBS student, steadily working towards fulfilling her dream of servin8 humanity as a do¢tor. Her journey has also inspired her family. Three of her younger sisters are currently studying at KORT, including one who has begun her own medical journey as a first- year MBBS student, while the youngest continues her education in Grade 10. Today, Mahnoor is not only pursuing her own dream but also preparing to give back to society through the medical profession. Her journey reflects KORT'S vision of empowering orphaned children to become educ8ted, compassionate, 8nd responsible individu815 who contribute meaningfully to their communities and inspire the next generation. i'l Moez 's dream to serve his country For Moez, KORT has never been just an orphanage, it has 8Iw8ys been home. He arrived at KORT when he was just one day old. making him one of the youngest children ever welcomed into the KORT family. Having grown up entirely under KORT'S care, Moeez has no memories of his biological parents. Every lesson he has learned, every milestone he has achieved, and every opportunity he has received has been made possible through the love, care, and support of the KORT family. From an early age. Moez dreamed of serving his country as an Army officer. Inspired by disciplir)e, courage, and a desire to protect others, he worked tirelessly to pursue that ambition. With KORT providing him with quality education, guidance, and encouragement, he consistently excelled both academically and personally. Today, Moez is proudly studying in Grade 8 at Cadet College Jhelum, one of Pakistans leading military educational institutions. His admission is a reflection of his dedication and the strong educational foundation he received at KORT. Moez believes that every step he takes brings him closer to achieving his lifelong dream of wearing the Pakistan Army uniform. His journey demonstrates how early intervention, qLJality education, and a nurturing environment can transtorm the future of even the most vulnerable children. Page 010 www.kort.org.uk Kashmir Orphan Relief Trust
Education for All Unlocking potential and bre8king cycles of poverty by providing inclusive, accessible education opportunities for every child and adult worldwide Educational Empowerment We've provided access to quality education for underserved children, equipping them with the tools they need to break the cycle of poverty and build brighter futures. Healthcare Initiatives Our medical outreach programs have brought vital healthcare services to remote areas, improving the well-being of countless individuals and families. Page 011 www.kort.org.uk Kashmir Orphan Relief Trust
PromotTng Education Beyond KORT At KORT, education is not confined to its own campuses, it is a commitment to transforming lives 8ero88 underserved communities. While more than 800 orphaned boys and girls receive quality education and residential care at the KORT Educational & Residential Complex, Mirpur (AJK) and the KORT Swabi Complex (KPK). KORT continues to invest in the education of thousands of other deserving children livin8 in remote and dis8dvantaged areas. Extending the Gift of Education to Every Child Believing that every child deserves the opportunity to learn regardless of their background or financial circumstances, KORT works closely with local communities and government schools to strengthen educational facilities and remove barriers that prevent children from accessing quality education. The organisation supports the construction of new schools, renovation of existing educational institutions, provision of classroom furniture, and supply ol essential learning resources to create safe, welcoming, and inspiring learning environments. open1nd commun Page 012 www.kort.org.uk Kashmir Orphan Relief Trust
This year. KORT further strengthened its commitment to educational access by distributir)g school uniforms. school bags, stationery, shoes, and warm clothing to more than ZOOO deserving students studying in schools constructed ènd supported by KORT. These essential supplies ensured that children from e¢onomi¢ally disadvantaged families could continue their educatior) with confidence, dignity, and a renewed sense of hope. For many families. purchasing school essentials is a significant financial challenge. By easing this burden, KORT enables parents to keep their children in school while Ilowin8 Students to focus on learning rather than the hardships of poverty. Beyond providing education81 materials, this initiative restores confidence, promotes equality among students, and reinforces the belief that every child deserves the opportunity to succeed. Impact Through its education support initiatives, KOR T continues to create lasting change by- Supporting more than 2,000 deserving students with essential educational supplies. Reducing financial barriers that often prevent children from attending school regularly. Improving school attendance and retention, particularly among children trom low-income and marginalised families. Creating equal learning opportunities by ensuring students have the uniforms, stationery, and school materials needed to participate confidently in the classroom. Enhancing learning environments through the construction and improvement of schools and the provision of classroom furniture and educational infrastructure. Promoting dignity and self-conlidence by enabling children to attend school with the same pride and confidence as their peers. Strengthening communities by investing in education as a long-term solution to poverty, inequality, and social exclusion. Page 013 www.kort.oig.uk Kashmir Orphan Relief Trust
Shelter for All Empowering communities with innovative solutions to ensure safe, sustainable housing and a brighter future for everyone in need Page 014 www.kort.org.uk Kashmir Orphan Relief Trust
l_l ean Dignifl Homes or the Nee ynBuilding Homes, Restoring Hope A safe home is more than a roof over one's head-it is the foundation of security, dignity, and opportunity. For widows, orphaned children, and vulnerable families, a¢¢ess to decent housing can transform lives by providing stability, protecting health, and creating an environment where children can grow, learn, and thrive. Building on this success, KORT has launched the Second phase of the initiative with the construction of100 new homes across all ten districts of Azad Jammu and Kashmir. With an estimated investment of PKR 250 million, this ambitious project reflects KORT'S long-term commitment to addressing one ol the most pressing needs of vulnerable communities. Once completed, these homes will provide safe and dignified accommodation to an estimated 1,000 individuals, the majority of whom are orphaned children living with widowed mothers. Beyond providing shelter, the initiative offers families the stability needed to focus on education, health, livelihoods, and personal development rather than the daily uncertainty of finding a secure place to live. Every home built by KORT represents a fresh start for a family that has endured hardship. It restores a sense of belonging, protects children from the risks associated with unsafe housing, and creates an environment where families can rebuild their futures with dignity and self-reliance. Impact Completing the second and third phases of the Housing for Widows and Vulnerable Families Project. Launching the construction of100 additional homes across all 10 districts of Azad Jammu and Kashmir. Investing approximately PKR 250 million to expand access to safe and dignified housing. Providing secure homes for an estimated 1,000 beneficiaries, most of whom are orphaned children and widowed mothers. Replacing unsafe and temporary shelters with permanent homes equipped with clean water. electricity, and proper sanitation. Improving children s well-being and educational outcomes by providing stable living environments where they can study and grow. Page 015 Kas Orphan Relief Trust
KORT FEEDING THE NEEDY Providing nourishment, hope, and support to those in need, ensuring no one goes hungry and everyone has a chance at a better tomorrow PA SAPETY k(JiTJ ,kort.org.uk Page 016 www.kort.org.uk Kashmir Orphan Relief Trust
Delivering Hope Through Food and Humanitarian Assistance KORT continued its commitment to supporting vulnerable communities through its R8m8d8n Food Drive and Emergency Relief Programme, ensuring timely 8SSlStance reached families affected by poverty, conflict, and natural disasters. During Ramadan 2025, KORT distributed 6,904 food packs to deserving families across Azad Jammu & Kashmir and Pakistan, providing essential food items to help them observe the holy month with dignity. KOR T also responded rapidly to humanitarian emergencies throughout the year. Following the Cross-Line of Control {LoC) shelling in AJK, emergency relief was delivered to affected families across Bhimber, Haveli, Jhelum Valley, Kotli, Neelum, and Poonch. The organisation further extended support to communities affected by the 2025 floods in Khyber Pakhtunkhw8 and Punjab, distributing food packages and essential reliefr supplie8 to those in need. Families Received Emergency Relief r.¢ Key Achievements 6,904 Ramadan Food Packs distributed across Azad Jammu & Kashmir and Pakistan. Emergen¢y relief provided during the Kashmir Emergency Relief 2025 oper8tion 8cross Bhimber, Haveli. Jhelum Valley, Kotli, Neelum, and Poonch. Emergency flood relief operations conducted in Khyber Pakhtunkhwa and Punjab. More than 2,000 families received emergency food packages and humanitarian assistance. Thousands ot vulnerable individuals supported through timely food 8SSlSt8nee during Ram8dan and emergency situations. Reduced food insecurity while helping affected families recover with dignity and resilience. Whether provi rin nding to conflict and natural disasters, KORT remains steadfast in its mission to alleviate suffering and protect the dignity of vulnerable families. Through the generosity of its donors and the dedication of its volunteers, KORT continues to bring hope, compassion, and practical support to communities when they need it most. 50,000+ Individuals Benefited 6,904 Ramadan Food Packs Distributed Page 017 www.kort.oig.uk Kashmir Orphan Relief Trust
CLEAN WATER FORALL fyAIl:, rr Page 018 vmw.0"Org.U an
Providing Safe Water, Protecting Lives Access to clean and sate drinking water is essential for good health, yet thousands of families across Azad Jammu and Kashmir continue to rely on unsafe water sources, exposing them to waterborne diseases and serious health risks. Through its Clean Drinking Water Project, KORT is committed to ensuring that Communities, educational institutions, healthcare facilities, and public spaces have access to safa, filtered drinking water. Building on the success of previous years, KORT significantly expanded the initiative during the year by installing 13 new water filtration plants across Azad Jammu and Kashmir and Punjab. These facilities were established at universities, hospitals, colleges, schools, publi¢ parks, Courts, mosques, and rural communities, ensuring that clean drinking water is 8vai18ble where people need it rnost. The newly completed filtratior) plants include facilities Dina (District Jhelum), University of Azad Jammu & Kashmi (Chehla and City Campuses), Abbas Institute of Medic Sciences (AIMS), Muzaffarabad, District Courts Naloch Jamia Masjid Umar (RA), Mirpur, Moll Barnala (Bhimber Village Panjan (Kotli), Samahni (Bhimber), Village Samla Pachiot (Poonch), Government Boys Degree College Hattia & UAJK Jhelum Valley Campus, Government Boys Degre College Athmuqam & UAJK Neelum Campus, an overnment Girls Hi8h School Soli. Haveli. 11- JNMIH ORPllll'.Tf "iii:I I,li.. CLEAN WATEB PROJECT These filtration plants are expected to provide safe drinking water to more than 150,000 beneficiaries, including students, Patients, worshippers, government employees, and local residents. By improving access to clean water, the project not only protects public health but also reduces the financial burden associated with waterborne illnesses and improves the overall quality of life for communities. Impact 13 new water filtration plants completed across Azad Jammu & Kashmir and Punjab. More than 150,000 people expected to benefit from access to safe drinking water. Improved access to clean water at universities, h05Pltals, schools, courts, mosques, and rural communities. Reduced the risk of waterborne diseases through the provision of safe, filtered drinking water. Improved health, hygiene, and well-being for students, patients, and local communities. Contributed to long-term community development by investing in sustainable public infrastructure. IIRT ¢tsAWWATER PROJECT illlli 15 Page 019 www.kort.org.uk Kashmir Orphan Relief Trust
WOMEN EMPOWERMENT Page 020 .kort. g.uk
Empowering Women, Strengthening Communities To help graduates convert their skills into livelihoods, KOR T also distributed 985 sewing machines to deserving women across Pakistan and Azad Jammu and Kashmir. This included At KOR T, empowering women means creating opportunities 200 sewing machines in Haveli, 200 in Muzaffarabad, 85 in for financial independence, self-confidence, and long-term Samahni (Bhimber>, and 500 in Quetta, Pakistan. By social development. Through vocational training and providing women with the tools to start home-based livelihood support, KORT equips women with practical skills businesses, KORT enables them to generate a stable income that enable them to earn a sustainable income, support while supporting their tamilies from within their own their families, and build a brighter future. communities. The KORT Womens Empowermer)t Programme continues to transform lives by providing professional stitching and tailoring training to women from underprivileged communities. During the year, four additional batches (Batches 8, 9, 10, and 11) successfully completed the stitching Course and received certificates, reco8nisin8 their newly acquired skills 8nd preparing them for employment or self-employmer)t. More than vocational training, this initiative restores confidence, dignity, and hope. It empowers widows, orphan mothers, and economically disadvantaged women to become financially independent, reducing poverty while strengthening the so¢i818nd economic fabric of their communities. Impact Four new stitching course batches (8-11) successfully completed and certified. 985 sewing machines distributed to deserving women across Azad Jammu & Kashmir and Pakistan. Enabled women to establish home-based businesses and generate sustainable incomes. Promoted financial independence for widows and women from vulnerable households. Enhanced vocational skills, confidence, and long- term employability. Contributed to poverty reduction by creating sustainable livelihood opportunities for hundreds of families. ns K'OF.I IS Key Achi8v8ments 985 sewing machines distributed across AJK and Pakistan Four stitching course batches (8-11) successfully completed Professional certificates awarded to successful trainees. Created sustainable livelihood opportLJnities for vulnerable women Promoted financial independence through home- based busir)esses. Strengthened women's economic empowerment across underserved communities Page 021 www.kort.org.uk Kashmir Orphan Relief Trust
TURNING DISABILITY INTO ABILITY Page 022 www.korLorg.uk Kashmir Orphan Relief Trust
Restoring Mobility, Renewing Hope At KORT, disability is never seen 8$ 8 limit8tion but as an opportunity to empower individuals with the support they need to live independent and fulfilling lives. Through its Turning Disability into Ability initiative, KORT continues to improve the quality of life for people with mobility challenges by providing essential assistive devices that restore dignity, confidence, and freedom of movement. During the year, KOR T distributed 950 wheelchairs to deserving differently abled individu81s across Azad Jammu & Kashmir and Pakistan. The distributions included 200 wheelchairs in Haveli, 200 in Muzaffarabad, 50 in Samahni (Bhimber), and 500 in Quetta, Pakistan. These wheelchairs have enabled individuals with physical disabilities to move independently, a¢¢ess education and healthcare, participate in community life, and regain a sense of self-reliance. ASIMIH RPIAAS ÉLCHAIRS & SEWING MACHINES For many beneficiaries, receiving a wheelchair is life- changing. It reduces dependence on caregivers, improves mobility, and opens doors to education, employment, and social inclusion. By removing physical barriers, KORT is helping create communities where people with disabilities ¢8n p8rtlClP8te with dignity and equ81 opportunity. XORT TR CER ON Key Achievements 950 wheelchairs distributed across AJK and Pakistan. 900+ differently abled individuals benefited. Improved mobility, independence, and quality of life for beneficiaries. Enhanced access to education, healthcare, and community participation. Promoted dignity, inclusion, and equal opportunities for people with disabilities. 'li Page 023 www.kort.org.uk Kashmir Orphan Relieft Trust
(f ) ,ij_.J EMERGENCY RELIEF- &k e02 www.kort.org.uk Kashmir Orphan Relieft Trust
Responding with Compassion in Times of Crisis When disasters strike, KORT stands alongside affected communities, delivering timely humanitarian assistance to those facing hardship. Guided by its Commitment to serving humanity, KORT provides emergency relief to families affected by natural disasters and humanitarian crises, helping them recover with dignity and hope. During the year, KORT responded swiftly to the 2025 Cross-Line of Control (Loc) Shelling Emergency in Azad Jammu & Kashmir. Relief efforts reached affected families across the districts of Bhimber, Haveli, Jhelum Valley, Kotli, Neelury and Poonch, where communities were displaced and livelihoods disrupted. KORT provided emergency assistance to help families meet their immediate needs during this difficult period. KORT also extended humanitarian support to communities devastated by the 2025 floods in Khyber Pakhtunkhwa and Punjab, delivering emergency relief to families who had lost homes, belongings, and sources of income. Through these interventions, the organisation ensured th8t vulnerable households received timely support when they needed it most. In total, more than 2,000 families benefited from KQRT'S emergency relief efforts during the year. By responding rapidly and working closely with local communities, KORT helped restore hope, reduce suffering, and support families as they began rebuilding their lives. Key Achievements Emergency relief provided during the 2025 Cross-LoC Shelling in Azad Jammu & Kashmir. Relief operations conducted across Bhimber, Haveli, Jhelum Valley, Kotli, Neelum, and Poonch. Emergency assistance delivered to flood-affected communities in Khyber Pakhtunkhwa and Punjab. More than 2.000 families received humanitarian support. Rapid response helped vulnerable communities recover with dignity and resiSience. FACTS Over 90% 01 the population are food insecure Over 2 Million people aflected Ovor 45.000 fatalities EAGEKV mW.202¥ e,Q25 lief Trust
KORT MOSQUES PROJECT Page 026 www.kort.org.uk Kashmir Orphan Relief Trust
Building Houses of Worship. Strengthening Communities Mosques are at the heart of every Muslim community, serving not only as places of worship but also as centres for learning, unity, and social development. Through its Mosque Construction Project, KORT continues to build and renovate mosques in underserved Communities, providing safe and welcoming spaces where people Can gather for prayers, religious education, and community activities. During the year, KORT successfully completed the construction of six J8mia Mosques across Azad Jammu & Kashmir, bringing communities together 8nd improving access to quality places of worship. The newly completed mosques include.. Jamia Masjid-e-Akbar Ali, Dachor Miran, Muzaffarabad Jamia Masjid Fama Bibi, Seri Dara, Muzaffarabad Jamia Masjid-e-Abu Bakr, Panjkot, Muzaffarabad Jamia Masjid Muhammad (PBUH), DHQ Kotli Jami8 Masjid $8yidah Nafisa, Dana Ka¢heli, Muz8ffar8bad Jamia M8sjid Bibi Zainab, S8riy8n, Muzaff8rab8d These mosques now serve as centres of worship and community engagement, benefiting approximately 2,500 individuals. In addition to providing a peaceful environment for daily and congregational prayers, they also support religious education, strengthen social bonds, and offer spaces where communities can come together during times of celebration and hardship. Key Achievements Six Jamia Mosques constructed across Azad Jammu & Kashmir. Approximately 2,500 people benefiting from improved access to places of worship. Strengthened community cohesion through shared spaces for worship and learning. Promoted religious education and spiritual well-being in underserved communities. Created lasting Community assets that will serve future generations. Page 027 www.kort.org.uk Kashmir Orphan Relief Trust
KORT HOSPITAL JORIAN, MIRPUR, AJK 250 Bed Hospital Medical College Residential Complex Masjid Hostel Car Parking Plaza .4 ijiiidi SCAN ME LEARN MORE KORT HOSPITAL Page 028 www.kort.org.uk Kashmir Orphan Relief Trust
KORT Hospital Our Goal: Delivering Free Healthcare to Those Most in Need KORT'S mission has always been rooted in compassion, dignity, and service. The KORT Hospital project represents a major step towards fulfilling our long-term goal. to provide free, high-quality healthcare to the poor, the vulnerable, and the underserved communities of Mirpur, AJK and surrounding regions. This initiative aims to ensure that individuals who cannot afford medical treatment receive the right support at the right time, without financial barriers or delays. The hospital will offer essential services including emer8en¢y Care, surgery, matern818nd Child health, dia8nosti¢s, and ¢ritlC81 ¢8re 811 delivered with the highest st8nd8rds of professior181ism and compassion. A Clear Timeline and Steady Progress KORT has set an estimated completion target of 2030, and we are firmly on track to meet this milestone. Construction continues to progress at pace, supported by strong community engagement, sustained donor contributions, and the dedication ol our volunteers. Key developments include.. Ongoing construction of the main hospital building Expansion of supportir)g infrastructure Continued fundraising momentum across the UK and internationally Strengthening partnerships to ensure long-term sustainability A Commitment That Continues to Grow As we move Closer to 2030, our commitment remains unw8vering. Every donation, every event, 8nd every act of volunteerism brings us one step r)e8rer to delivering a fully operational healthcare facility that will transform lives for generations. The KORT Hospital is more than a building- it is a promise. A promise to stand with the poor and needy, to provide care without discrimination, and to ensure that no family is left without the medical support they deserve. f. Page 029 www.kort.org.uk Kashmir Orphan Relief Trust
FINANCIAL REVIEW 2025 age www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annual Report Summary of Trustees Report FINANCIAL REVIEW Financial position During the year ended 31st October 2025, KORT received total donations of £3.996.679.23. The organisation continued to direct the majority of its income towards charitable projects and programmes supporting vulnerable communities across AJK and Pakistan. KORT'S income during the year was primarily allocated across its charitable activities, with 820/0 relating to ProjectslAppeals, 90/0 to Emergency Response, and 9% to Grants and Investment Income. KORT'S financial model demonstrates a strong focus on ensuring that the majority of lunds raised are directed toward5 charitable impact. Of the total expenditure during the year: 1. 82.80kn was spent on charitable projects, 2. 11.60/0 was used for fundraising activities, and 3. Only 5.6% was allocated towards administralive expenses. This allocation rellects KORT'S commitment to maintaining an efficient operating model and ensuring that a significant proportion of the funds raised directly Supports its charitable programmes and beneficiaries. Principal funding sources Funds received via direct debit and standing order remains a key source of income for KORT. This maintains a constant flow of income to sustain our orphans, home and deliver our charitable objectives. Gift Aid is also an importanl source of income for KORT, and we make effective use of this additional money. Gift Aid helps lo cover our essential operating and administration costs, ensuring principal donations have maximum impact and reach those in need. 100% Donation Policy Our 100% Donation Policy ensures that every penny donatèd by our supporters goes directly to our charitable projects and causes, without any deductions for administrative or operational costs. Page 031 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annual Report Summary of Trustees Report Reserves policy Purpose The purpose ol the Reserve Policy is for KORT UK lo build and maintain an adequate level of unreslricled funds lo support KORT AK'S day-lo-day operations in the event of unforeseen shortfalls. The ieserve may also be used for one-time, nonrecurring expenses that will build long-lerm capacity. such as stall development and Investment in infrastructure. Reserves are not intended to replace a permanent loss ol fund5 or eliminate an ongoing budget gap. The charity intends for the reserves to be used and replenished periodically a5 necessary. This Reserve Policy will be implemented in conjunction with the other financial policies ol the charity and is intended to support the goals and strategies contained in those related policies and in strategic and operational plans. Definitions and Goals The Reserve is defined as the designated fund set aside by action of the Board of Trustees. The minimum arnount lo be designated as reserve will be established in an amount adequate to maintain ongoing administrative costs lor a Set period measured in months. The reserve serves a dynamic role and will be reviewed and adjusted in response to internal and external changes. The intention ol KORT UK is lo build a minimum Reserve fund equal to 3 years ol average recurring operating costs. This is calculated by KORT AK'S monthly running costs multiplied by 36 months. In addition to calculating the actual reserve at the fiscal year-end, the reserve fund minimum will be calculated each year after approval of the annual budget. These reserves will be reported to the Board of Trustees and included in the regular financial reports. Funding of Reserves The Reserve Fund will be funded by KORT UK with surplus unrestricted operating funds. The Board of Trustees may, from lirne to time, direct that a specific source of revenue be set aside lor reserves. For example, special appeals. The Board ol Trustees will identify the need for access to reserve funds and confirm that the use is consistent with the purpose ol the reserves as described in this Reserve Policy. Authorlty to use Reserves KORT AK will submit a request to use reserves to the Board of Trustees. The request will include the analysis and determination ol the use ol funds and pLans lor replenishment. The charity's goal is lo replenish the funds used within a reasonable amount ol time as necessary to restore the Reserve Fund to the target minimum amount The Board of Trustees will either approve or modify the request and aulhorise transfei from the Reserve Fund. Reporting and Monitoring The Board ol Trustees are responsible for ensuring that the Reserve Fund 15 maintained and used only as described in this Policy. Upon approval ol the use ol reserve funds, the KORT AK'S accounts department will maintain records of the use of funds and plan lor replenishment of the reserve fund account. KORT AK'S accounts department will provide regular periodic reports lo the Board of Trustees of progress to restore the fund to the target minimum amount. The Board ol Trustees will annually discuss what additional risk facto might be considered forthe oiganisalion and the impact of budgeting on reserve levels. Page 032 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annual Report Summary of Trustees Report Review of Policy This Policy will be reviewed by the Board of Trustees annually at minimum, or sooner if warranted by internal or external events or changes. Changes to the Policy will be recommended by the accounts department to the Board ol Trustees. This policy, upon every revision hereof, rnust be distributed by the Office Manager to the following Individualslentities.- Internal Accounts deparltllent, relevant manager5. The Internal Accounts department 15 established by the KOR Board of Trustees to recommend financial policies, strategies, and budgets that support the mission, values, and strategic pLan of the charity. Its purpose is lo ensure the financial health and integrity ol the charity pursuit ol its mission to focus on alleviating poverty lor those in dire need of humanitarian air- via critical emergency aid. andlor social sustainable projects. Going concern The trustees consider that there are no material uncertainties about the charity'5 ability to continue as a going concern nor any significant areas ol uncertainty that affect the carrying value ol assets held by the charity. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed ol trust and constitutes an unincorporated charity. The charity is conslituled by a Trust deed dated 10 April 2006 and is registered with the Charity Commission in England, UK. Recruitment and appointment of new trustees The recruitment and selection of new members ol the Board ol Trustees is the iesponsibility of the Board. The selection process includes inviting selected individuals who have been affiliated with KORT over the years and are respected in their own communities to a meeting with senior trustees to assess their suitability lor the role. Following this, the Trustees meet to discuss each applicant, and those who are felt to fulfil their criteria are invited to join the Board subject lo appropriate checks and references. Organlsatlonal structure Organi5ational structure KORT has 8 trustees, 5 full-lime admin staff, and a graphic designer in the UK. Induction and training of new trustees Trustees that are selected are already aware of the ways ol working ol KORT. Once on board, the senior trustees explain to them their roles and responsibilities, an introduction lo othertrustees. an overview of recent activities. an explanation ot the Board format. processès, and oui projects. Risk management The trustees have a duty to identify and review the risks lo which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Page 033 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annual Report Summary of Trustees Report STATEMENT OF TRUSTEES, RESPONSIBILITIES Trustees A Hussain M Nisar M Yaqoob M M Alzal A A Latif M Akhlar N Farooq N R Bashir Auditors Luckmans Duckett Parker Limited 1110 Elliott Court Coventry Business Park Herald Avenue Coventry West Midlands CV5 6UB The trustees are responsible for preparing the Report ol the Trustees and the financial statements in accordance with applicable law and United Kingdorn Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Charity law requires the trustees lo prepare financial slalemenls for each financial year. Under that law, the trustees have elected lo prepare the financial slalements in accordance with United Kingdom Generally Accepted Accounting Practice Iunited Kingdom Accounting Standards and applicable lawl. Under charity law the trustee5 must not approve the financial staternents unles5 they are satisfied that they give a true and fair view ol the state ol affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity lor that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disc105ed and expLained in the financial statements., prepare the financial staternents on the going concern basis unle55 It is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any lime the financial position of the charity and lo enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Repor151 Regulations 2008. They are also responsible lor safeguarding the assets of the charity and hence lor taking reasonable steps for the prevention and detection ol fraud and other irregularities. Approved by order ol the board of trustees on 26.08.2026 and signed on its behalf by- M Akhta Trustee Page 034 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annu81 Report Report of the Independent ALJditors OPINION We have audited the financial statements of Kashmir Orphan Relief Trust (the 'charily'l for the year ended 31 October 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes lo the financial statements. including a sumtllary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. Give a true and lair view of the slate of the charity's affairs as at 31 October 2024 and of its incoming resources and application ol resources, lor the year then ended. Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and Have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUK}l and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities lor 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 lo our audit ol the financial slalemenls in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical iesponsibililies in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis lor our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis ol 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 chaiily's ability to continue as a going concein lor a period of al least twelve months from when the financial statements are aulhorised lor issue. Our responsibilities and the responsibilities of the trustees Wlth respect to going concern are described in the relevant sections ol this report. Other information The trustees are responsible for the other information. The other information compiises the information included in the Annual Report. other than the financial statements and our Report ol the Independent Auditor5 Ihereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion Ihereon. In connection with our audit of the financial statements, our responsibility is to read the other inlorrnation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. 11 we identify such tllaterial inconsistencies or appaient material misstatements. we are required lo detertnine whether thi5 gives rise to a rnaterial misstatement in the financial 51alements themselves. If, based on the work we have performed, we conclude that there 15 a material misstatement of this other information, we are required to report that fact. We have nothing to report in thi5 regard. Page 035 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annu81 Report Report of the Independent ALJditors Matters on which we are required to report by exception We have nothing to report in respect ol the following rnatlers where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if. in our opinion: The inlorrnation given in the Report of the Trustees is inconsistent in any material respect with the financial statements., or Sufficient accounting records have not been kept., or The financial statements are not in agreernent with the accounting records and returns., or We have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained mole fully in the Slalement of Trustees, Responsibilities. the trustees are responsible for the pieparation ol the financial statements which give a true and lair view. and lor such internal control as the trustees deteimine is necessary to enable the preparation of financial 51alements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible lor assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees either intend lo liquidate the charity or to cease operations. or have no realistic alternative but lo do so. Our responsibilities for the audit of the f inancial statements We have been appointed as auditors under Section 144 01 the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misslalement, whether due lo fraud or error, and lo issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misstatement when it exists. Misslatemenls can arise from fraud 01 error and ale consideied material il, individually or in the aggregate, they could reasonably be expected to influence the economic decision5 01 users taken on the basis of these financial 5talemenls. The exlenl lo which our procedures are capable of delecling irregularities, including fraud is detailed below.. Our approach lo designing audit procedures by tailoring and directing testing lo aid and support the determined level of risk. In response. the procedures we perform lo determine the level of risk include.. Reference to history and experience of the Entity- and Enquiry ol management, including obtaining and reviewing supporting documentation concerning the Entity's procedure5 relating lo.. Identifying and complying with laws and regulations and whether they were aware of any instances of non-compliance., and Detection and response to risk of fraud and whether they were aware of any actual or suspected instances ol fraud- and Assessment ol the controls and processes that the Entity has in place to miligale risk. Our assessments included the identification ol the following potential areas for fraud.. Management override ol control., and Revenue recognition These procedures, and the extent lo which they are capable ol detecting irregularities, including fraud, are detailed below.. Critically assessed the appropriateness and testing the application ol the revenue and cost recognition policies., and Testing the appropriateness of accounting estimates, journals and other adjustments made in the preparation of the financial statements. and Reviewing the Entity's accounting policies for non-compliance with relevant standards., and Making enquiries ol management and reviewing correspondence with the relevant authoritie5 to identify any irregularities or instances of non-compliance with laws and regulations. Page 036 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annu81 Report Report of the Independent ALJditors In performing an audit in accordance with UK GAAP, we exercise professional judgement and maintain professional scepticism throughout the audit process. The risk of not delecling a maleiial misstatement resulting from fraud is higher than for one resulting irom error, as Iraud may involve collusion or override ol internal controls. There are inherent limitations in the audit procedures performed. A further description of our responsibilities for the audit of the financial slalements is located on the Financial Reporting Council's website al www.frc.org.uklaudilorsresponsibilities. This description foims part of our Report of the Independent Audilois. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Parl 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate lo the charity's trustees those matters we are required lo slate to them in an auditors, report and lor no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, foi this report. or for the opinions we have fortped. L2)PLHLkwa4 Luckmans Ducketl Parker Limited 1110 Ellioll Court Covèntry Business Park Herald Avenue Coventry West Midlands CV5 6UB Date.. 2610812026 Page 037 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annual Report ----------------- Statement of Financial Activities
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 October 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 2 | 3,654,253 | 311,440 | 3,965,693 | 3,699,714 |
| Investment income | 3 | 30,986 | 30,986 | 122 | |
| Total | 3,685,239 | 311,440 | 3,996,679 | 3,699,836 | |
| EXPENDITURE ON | |||||
| Raising funds | 4 | 589,100 | 589,100 | 642,237 | |
| Charitable activities | |||||
| Donations Paid to Beneficiaries | 2,685,852 | 300,000 | 2,985,852 | 3,616,929 | |
| Other | 32,000 | 32,000 | |||
| Total | 3,306,952 | 300,000 | 3,606,952 | 4,259,166 | |
| NET INCOME/(EXPENDITURE) | 378,287 | 11,440 | 389,727 | (559,330) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 2,012,732 | 114,170 | 2,126,902 | 2,686,232 | |
| TOTAL FUNDS CARRIED FORWARD | 2,391,019 | 125,610 | 2,516,629 | 2,126,902 |
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Kashmir Orphan Relief Trust
www.kort.org.uk
2025 Annu81 Report Balance Sheet BALANCE SHEET 31 October 2025 2025 2024 Notes FIXED ASSETS Intangible assets Tangible asse15 Investment li 29.967 12 12.292 15,710 13 592,291 634,550 15,710 CURRENT ASSETS Deblois Cash at bank 14 54,991 1,839,204 29.625 2,094,144 1,894.195 2,123.769 CREDITORS Amounts falling due within one year 15 112,116) 112,5771 NET CURRENT ASSETS 1,882.079 2,111,192 TOTAL ASSETS LESS CURRENT LIABILITIES 2.516,629 2,126,902 NET ASSETS 2,516,629 2,126,902 FUNDS Unreslricled funds Restricted funds 17 2,391,019 125,610 2,012.732 114.170 TOTAL FUNDS 2,516,629 2,126,902 The financial staternents were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. 20.08.2025 M Akhtar- Trustee Page 039 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annual Report Cash Flow Statement CASH FLOW STATEMENT for the year ended 31" October 2025 2025 2024 Notes Cash flows from operatlngactlvltles Cash geneiated from operations 1341,1651 1580,5581 Net cash used in operating activities 1341,1651 1580,5581 Cash flows from investing activities Purchase of intangible fixed assets Purchase of tangible fixed as5els Purchase of fixed assets investments Interest received 134,8001 14,4881 1592,2911 30,986 122 Net cash used in investing activities 1596,1051 14,3661 Change In cash and cash equlvalents In the reporting period Cash and cash equivalents at the beginning of the reporting period 1254,9401 1584,9251 2.094,144 2,679.069 Cash and cash equlvalents at the end of the reportlng perlod 1.839,204 2,094,144 Page 040 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annu81 Report Notes to the Cash Flow Statement NOTE5 TOTHE CASH FLOWSTATEMENT for the year ended 31 October 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIE5 2025 2024 Net expenditure lor the reporting period las per the Statement ol Financial Activiliesl Adjustments for: Depreciation charges Interest received Increase in debtors Increaselldecreasel in creditor5 389,727 1559,3301 8251 130,9861 125,3661 (4611 4.055 11221 128,4681 3,306 Net cash used in operations 1341,1651 1580,5591 ANALYSISOF CHANGES IN NET FUNDS At 1.11.24 Cash flow At 31.10.25 Net cash Cash al bank 2,094.144 (254,9401 1.839,204 2,094,144 1254,9401 1,839,204 Total 2,094,144 1254,9401 1,839,204 Page 041 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annu81 Report Notes to the Financial Statements NOTES TO THE FINANCIAL STATEMENTS lor the year ended 31 October 2025 ACCOUNTING POLICIES Basis of preparingthe financial statements The financial statements ol the charity, which is a public benefit enlily under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities- Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Repoiling Standard applicable in the UK and Republic of Ireland IFRS 1021 lefleclive l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recogni5ed in the Statement ol Financial Activitie5 once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measuied 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 Iranslei ol economic benefits will be required in settlement and the amount of the obligation can be measured ieliably. Expenditure is accounted lor on an accruals basis and has been classified under headings that aggregate all cost related to the cateEOry. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis con515tenl with the use of resources. Grants offered subject lo conditions which have not been met at the year end dale are noted as a commitment but not accrued as expenditure. Ralslng funds Raising funds includes all expenditure incurred by the charity to raise funds lor its charitable purposes and includes c0515 of all fundraising activities, events and non-charitable trading. Charitable activities Charitable expenditure cornprises those cos15 incurred by the charity in the delivery of its activities and service5 for 115 beneficiaries. It includes both costs that can be allocated directly lo such activities and those cost5 of an indirect nature necessary to support thern. Tangible fixed assets Depreciation Is provided al the following annual rates in order lo write off each asset over its eslimaled useful Plant and Machinery 25% on reducing balance Fixturès and litlings 20% on reducing balance Motor vehicles 20% on reducing balance Computer equipment 250kn on reducing balance Page 042 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annu81 Report Notes to the Financial Statements Taxation The charity is exempt from lax on ils charitable activities. Fund accounting Unreslricled funds can be used in accordance with the charitable objectives at the discretion ol the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised lor particular reslricled purposes. Further explanation of the nature and purpose of each lund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Investments Investments held by the charity as long-leim investments lor the purpose of generating investment income andlor capital growth are classified as fixed asset investments and presented as non-current assets in the balance sheet. Investments are recognised initially at cost, including transaction costs where applicable. Investments are subsequently measured at fair value at each reporting date. Changes in the lair value of investments are recognised in the Slalement of Financial Activities ISOFAI in the period in which they arise. Investment income, including dividend5, interest and other income receivable, is recognised when the charity's right to receive the income is established and is reported as investment income in the SOFA. The charity does not hold investments for trading purposes. The Trustees review the charity's investment portfolio periodically to ensure that investment5 remain consistent with the charity s objectives and the charity'5 investment policy. Where investments are held in funds or other pooled investment arrangements, they are valued at the fair value provided by the ielevant fund manager or based on the latest available market valuation. The investments are intended to be held lor the long term and are therefore classified as fixed asset investment5 Inon-currenl assets) rather than current assets. Page 043 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annual Report ------------------ Notes to the Financial Statements
| 2. | DONATIONS AND LEGACIES | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Donations | 3,574,952 | 3,368,311 | |
| Gift aid | 390,741 | 331,403 | |
| 3,965,693 | 3,699,714 | ||
| 3. | INVESTMENT INCOME | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Deposit account interest | 30,986 | 122 | |
| 4. | RAISING FUNDS | ||
| Raising donations and legacies | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Staff costs | 170,649 | 152,340 | |
| Rates and water | 14,396 | 12,630 | |
| Insurance | 2,101 | 918 | |
| Telephone | 1,959 | 1,756 | |
| Postage and stationery | 18,297 | 18,967 | |
| Sundries | 4,883 | 1,729 | |
| Courier charges | 14,115 | ||
| Staff Recruitment & Management | 283 | 8,864 | |
| Advertising | 19,413 | 18,260 | |
| Tv Channels And Radio Appeal | 79,398 | 89,579 | |
| Travelling & Subsistence | 37,921 | 39,934 | |
| Repairs & Renewals | 101 | 86 | |
| Computer Costs | 92 | 456 | |
| Subscriptions | 4,631 | 3,295 | |
| Fund raising Event Costs | 170,093 | 226,313 | |
| Bank & Credit Card Charges | 50,152 | 40,540 | |
| Depreciation | 8,251 | 4,055 | |
| Support costs | 6,480 | 8,400 | |
| 589,100 | 642,237 | ||
| 5. | CHARITABLE ACTIVITIES COSTS | ||
| Grant | |||
| funding of | |||
| activities | |||
| (see note | |||
| 6) | |||
| £ | |||
| Donations Paid to Beneficiaries | 2,985,852 |
Page 044 ---------w .kort.org.uk
Kashmir Orphan Relief Trust
2025 Annu81 Report Notes to the Financial Statements GRANTS PAYABLE 2025 2024 Donations Paid to Beneficiaries 2,985,852 3,616,929 The total grants paid to institutions duiing the year was as follows.. 2025 2024 Donations 2,985,852 3,616,929 SUPPORT COSTS Governance costs Raising donations and legacies 6,480 TRUSTEES, REMUNERATION AND BENEFITS 2025 2024 Trustees, Fees 32,000 Trustees, expenses paid during the year were £25,294.86 LY £39,376.01) expenses are for the travel costs for the Chairman who is also the acting project manager at KORT AJK. STAFF COSTS 2025 2024 Wages and salaries Social security COSt5 Other pension costs 194,473 7.074 1,102 143,190 7,751 1.399 202,649 152,340 The average monthly number ol ernployees during the year was as follows- 2025 2024 Stall No employees received emoluments in excess of £60,000. Page 045 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annu81 Report Notes to the Financial Statements io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 3,361.280 338,434 3.699.714 Investment income 122 122 Total 3,361,402 338,434 3,699,836 EXPENDITURE ON Raising funds 642,237 642,237 Charltable actlvltles Donations Paid to 8eneficiaries 3,286.051 330,878 3,616.929 other Total 3,928.288 330,878 4,259.166 NET INCOMEIIEXPENDITURE) 1566,8861 7,556 (559,3301 RECONCILIATION OF FUNDS Total funds brought forward 2,579,618 106,614 2,686,232 TOTAL FUNDS CARRIED FORWARD 2,012,732 114,170 2,126.902 ii. INTANGIBLE FIXED ASSETS Computer Software COST Additions 34,800 AMORTISATION Charge lor year 4,833 NET BOOKVALUE At 31 October 2025 29.967 At 31 October 2024 Page 046 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annu81 Report Notes to the Financial Statements 12. TANGIBLE FIXED ASSETS Fixtures and liltings Plant and machinery Motor vehicles Computer equipment Totals COST At l November 2024 Additions 14.819 7.637 25,100 3,888 51.444 At 31 October 2025 14,819 7,637 25,100 3,888 51,444 DEPRECIATION At l November 2024 Charge lor year 12.670 561 4,022 723 18,520 1,316 522 818 35.734 3,418 At 31 October 2025 13,231 4,745 19,836 1,340 39,152 NET BOOKVALUE At 31 October 2025 1,588 2,892 5,264 2,548 12,292 At 31 October 2024 2.149 3,615 6,580 3,366 15.710 13. FIXED ASSETS INVESTMENT 2025 2024 COST Shares Long Term Loan Onvestmentl 592,289 592,291 Additional information as follows= Shares in group undertaking MARKET VALUE Additions NET BOOK VALUE At 310ctober 2025 At 31 October 2024 There were no investment assets outside the UK. Inve51menls (neither listed nor unlistedl were as follows: 2025 2024 Lighthouse View Holdings Ltd 592,289 The Trust holds a nominal shareholding of £2 in 2 Lighthouse View Holdings Ltd, representing its equity interest in the enlily. In addition, the Trust has advanced funds lo the entity in the form ol a long-terrn loan to support the acquisition ol a property held by the company Page 047 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annu81 Report Notes to the Financial Statements 13. FIXED ASSETS INVESTMENT - continued The loan is considered part of the Trust's overall investment strategy and is therefore presented within investments in the balance sheet. The Trust does not have direct ownership ol the underlying property,. rather, its interest is held through the shareholding and the associated financing arrangement. No equity accounting has been applied as the Trust does not exercise significant influence Ihiough ils shareholding. During the year, the charity provided loans totalling £592,289 to 2 Lighthouses View Holdings Ltd, a reLated party. Under the terms ol the loans, the principal amount is repayable following the sale ol the property. In addition, 400/0 of the profit arising from the sale of the property will be paid to the charity DEBTOR5: AMOUNTS FALLING DUE WITHIN ONEYEAR 2025 2024 Trade debtors Other debtors Prepayments & accrued income 3,320 26,267 25,404 2,392 1,066 26,167 54,991 29,625 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Other creditors 6,001 6,115 6,358 6.219 12,116 12,577 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total fund5 2024 Total funds Unrestricted fund Restricted funds Fixed assets Investment Current assets Current liabilities 42,259 592,291 1,768,585 112.1161 42,259 592,291 1,894,195 112.1161 15,710 125.610 2,123,769 112,577) 2,391,019 125,610 2,516.629 2,126,902 Page 048 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annu81 Report Notes to the Financial Statements 17. MOVEMENT IN FUNDS Nel movement in funds At 1.11.24 At 31.10.25 Unrestrlcted funds General fund 2.012,732 378,287 2.391,019 Restrlcted funds Mosque Fund Hospital Fund 1,211 112,959 16.450 15,0101 17,661 107,949 114,170 11,440 125,610 TOTAL FUNDS 2,126,902 389,727 2,516,629 Net movement in funds. included in the above are as follows: Incoming resources Resource5 expended Novement in fund5 Unrestrlcted funds General fund 3,685,239 13,306,952) 378,287 Restricted lunds Mosque Fund Hospital Fund 116,450 194.990 iioo,0001 1200,0001 16,450 15,0101 311,440 1300,0001 11,440 TOTAL FUNDS 3,996,679 13,606,952) 389,727 Comparative$ for movernent in funds Net movement in funds At 1.11.23 Al 31.10.24 Unrestrlcted funds General fund 2,579,618 1556,8861 2,012,732 Restricted lunds Nosque Fund Hospital Fund 5,194 101.420 13,9831 11,539 1,211 112,959 106.614 7,556 114,170 TOTAL FUND5 2,686,232 1559,3301 2,126,902 Page 049 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annu81 Report Notes to the Financial Statements 17. MOVEMENT IN FUNDS-contlnued Cornparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movernent in funds Unrestrlcted funds General fund 3,361,402 13,928.2881 1566.8861 Restrlcted funds Nosque Fund Hospital Fund 26,017 312,417 130,0001 1300,8781 13,9831 11,539 338,434 1330,8781 7,556 TOTAL FUNDS 3,699,836 14,259,166) 1559,3301 A current year 12 Months and prior year 12 Months combined position is as follows.. Net movement in lund5 At 1.11.23 Al 31.10.25 Unrestricted funds General fund 2,579,618 1188,5991 2,391,019 Restrlcted funds Mosque Fund Hospital Fund 5,194 101,614 12,467 6,529 17,661 107,949 106,614 18.996 125,610 TOTAL FUNDS 2,686,232 1169,6031 2,516,629 A current year 12 months and prior year 12 months combined net movement in lunds, included in the above are as follow5- Incoming resources Resources Movement expended in funds Unrestritted funds General fund 7,046,641 17,235,240) 1188,5991 Restricted fund5 Mosque Fund Hospital Fund 142,467 507,407 1130,0001 1500,8781 12.467 6,529 649,874 1630,8781 18.996 TOTAL FUNDS 7,696,515 17,866,118) 1169,6031 18. RELATED PARTY DISCLOSURES Only reLaled party transactions that look place duringthe year are Iruslee's expenses incurred during the year of £57,294.8612024- £39,376.01) During the year, the charity advanced loans totalling £592,289 to 2 Lighthouses View Holdings Ltd, a related party ol the charity Page 050 www.kort.org.uk Kashmir Orphan Relief Trust
2025 Annual Report Thank You and Conclusion Impact grows where kindness is planted, Our sincere gratitude goes to all who stand with us, offering strength, generosity, and unwavering corllwitment to our mission Page 051 www.kort.org.uk Kashmir Orphan Relieft Trust
2025 Annual Report Thank You and Conclusion Corporate Directory ENGLAND AND WALES CHARITY REGISTRATION NUMBER 1113836 ADDRESS OF REGISTERED HEAD OFFICE Leicester Business Centre, Unit C, 111 Ross Walk, Leicester, LE4 SHH, Leicestershire, United Kingdom BOARD OF TRUSTEES Mr Mohammed Akhtar- Chairman Mr Mohammed Yaqoob- Vice Chair Mr Abid Hussain- Treasurer Mr Ali Asghar Latif - General Secretary Mr N8sar Farooq - TrLJStee Mr Mohammed Mobashir Afzal - Trustee Mr Mohammed Rashid B8shir - Trustee Mr Mohammed Nisar- Trustee AUDITOR LDP Luckmans 1110 Elliott Court, Coventry Business Park, Herald Avenue, Coventry CV5 6UB BANKERS Barclay5 Bank PLC Unit 1-3 Haymarket Towers, Humberstone Gate, Leicester LE11WA Reoistered wh FR FUNDRAISING REGULATOR Page 052 www.kort.org.uk Kashmir Orphan Relieft Trust
KORT Provi&ing Aopefor orJ7Aans UK REG:1113836 www.kort.org.uk +44 0300 123 7774 info@kort.org.uk @kort Leicester Business Centre, Unit F6, 111 Ross Walk, Leicester, LE4 SHH, Leicestershire, United Kingdom