Charity Ro91S￿lI0￿ No. 1128515
Company Roglstrallon No. 06773665 (England and
SOUTH KILBURN TRUST
TRUSTEES, REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
SOUTH KILBURN TRUST

SOUTH KILBURN TRUST
CONTENTS
REFEAENCE AND ADMINISTRAnVE INFORMATION .-....
TRUSfEES' REPORT FOR THE YEAR ENDED JI MARCH ZOZS..........-.....,......,..................
STATEMENT OF TRusfEE5' RESPoNSIBIL￿LEs............
.11
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF SOUTH K￿buRN YRUST.... 12
STATEMÉNT OF FINANCIAL ArnvrriES IINCLUDING INCOME & EXPENOITURE
ACCOUNTI................................................................
.13
BALANCE sHE￿....................
15
C4SH FLOW STATEMENT.....................................................-........................-............ 17
NOTESTO THE CASH FLOW STATEMENT................................................... ..................
NOTES YOTHE ACCOUNTS.......-..................................................
-19

SOUTH KILBURN TRUST
REFERENCE AND ADMINISTRATIVE INFORMATION
Trystees
ichelle Addo
Mary Arnold
Ali Awe$
Peter Brown Ir98igngd 1 October 20241
Dame Karen Buck DBE lappolnl8d 3 S&ptember 20241
Hynde Habani Chabanel
Robert Jolnson
Ajexander NileTe
Anand Roy
cllr Jake Rubln (appointed 22 May 20241
Chalr Of Trustees
Dame K8ren Buck (appointed l October 20241
Peter Brown (resigned 1 Oclober 20241
Chlèf Ex•cutl¥• Officer
Fa￿.8￿ Sharp
Company Secretary
Hynde Chèbanel
Charlty number
1128S15
Company numb•r
06773665
Prlnelpal address & ReglsteTed ofn
Unrt 7 Peel Plaza.
Mlle Walk
London
NW6 5HB
Independent Examlner
Martin Gumey FCA
Haines Watts Swindon Limited
Old Station House
Station Approach
Swindor
SN1 3DU
Banknrs
So￿l8h Wid¢)ws Bank
POBox883
Leeds LS1 9TY
Charities Aid Foundation ICAFI
25 Kings Hlll Avenue
Kings Hill
West M8lling
Kent ME19 4TA
INesl Malling
Kent ME19 4TA
Carnbrid9e and C￿nI1•S Bank
Chamwood Gourt
SB Naw Walk. Leicester LE1 6Te
United TTUSt Bank
1 Ropemaker S( London EC2Y 9AW

SOUTH KILBURN TRUST
TRUSTEES. REPORT FOR THE YEAR ENOED 31 MARCH 2025
The Trustses of Ihg South Kllbum Tntst I'thp Tru5t"I present their r9POrt and financial staterngnts for the year
ended 31st March 2025.
The financial stslemènts hav6 baen prepared in 8ccordance wth thè accounting policies set out on pages 1
19 of accounts and comply wlth lh& Trusys Memorandutn and Articles of Association. thè Companie$ A¢t
2006 and the 5tatem8nt ol Rgcommended Pracbce, "Accountlng and Rgporting by Charities., FRS 102.
The Trustees have Compllèd the duty in Sedion 4 of the 2006 Charlties Act to have p8id due regaTd to
guidance issued by the Charity Crtrmmisslon in relation to thè ath"viti8s bolng for the public be￿￿fIt.
Prlnclpal alms and obJ•ctlv•s
The Trust's chaTitsblg oblèets 8re set Dut in the Articles of Associalion.
The Trnst conNnues to rgVi8w its plannèd actlvities with regard lo publlc b&nofjt gnsurlng both thè identrfiable
banefits an¢J tho benefit to the s¢￿th Kilbum IxMimuniti8s.
The objectives of the Trust this yo8r 8ré=
To begin a Il$t8nlng èxerci8e ￿th South Trtilbum residgnts lo better uTrJeistaThJ local n&￿S in order
to bo better able lo a(fvocale for community inveslment.
To review community gov8rnancè arrangements in South KilbuTn ￿￿th Ihg gim ol Ad)ieving gréatgr
resident ovèrslght of and irfugnce over local s•r4ico delivery.
To build on th* success of the Community Worklng Paty as a means of bringing parts)er
organisations tcgether to deliver a more join8d up service lo local residents priMa￿lY through th8
f£rAlilalion Df sgV8ral Thèmatic Action Grotjps.
To provide tsilored 5UPPOrt to local p8ople ￿￿kIng for work and those wilh prewernplttym&nt SLSPPOrt
n•eds.
Support local people and groups to fost8f a rgsilienL conngclgd 8nd sottiablg community through
communty •vents and improvements to the public realm and undar4èsourc8d hxal amenitigs.
Strat•glc focus for 2024125
anisational develo
In 202ts2025, South Kilbum Trust (S￿) continued to stwngthen Its staff and BoaTd, building on the
commendations frorn 2023 govornanc8 review condueted by PRD Redo. These recommendations
were reflned by our incoming Ghlèf Executive.
Three new Tw31È¢$ jolnèd thè Boarcl last year, ov8dappiny wlth outgoing members to ensure conllnuty. In
2024. Peter Brown Stepped down after bvelve years of strviee, having chaired the Board during a critical
inl8rfm perfod. Petorfs leadership hglpad guide SKT through preparntion3 for the Carlton & Granvill8 project
and strengthened our connection wth tha South Kllburn COFnrnunity. W8 thank P8t&r for his vision and
commitment.
mance BoBrd and stsff Chan
e5
SKT eslabllsh8d a Govemance Commilt89 and ￿ndUcted a Trustse skills audft lo prepare for the planned
departurg trf ftjur long-serwng Trustees in 2025. Dame Karen Buck w88 appDinled Chair of TnJste88 In
September 2024.
To support our straleglc growth. SI￿ rgcruited four new team m•mbers in Communty Engag8ment,
Communications. and Finance-ona of vthom is a local rosldent.

V75ion M1531on and Value3
In June 2024, at the 8o8rd'5 3nnu81 Away Day lo review strategy for the y88r ahaad. th• Trustees and
sènior staff rewèwed the org8nisation's vision, mlsslon arsd values and sgt out a forward plan.
Vlslon: Rlch In dwer5ity, united by the place we are proud to call horne, the people of South Kllburn
ollabordte to shape local services, share opportuntties and seture support for local people to
thrive.
Mlsslon: to enable a flourlshing, safe and inclu51ve communlty In South Kilburn. We dv thÈs in
conversation with the Community- providing access to information. sha￿d spaces to connect, and
advocatin8 for improved services and opportunities.
Values.,
Open-tran5parent, %nclvsive and welcoming to all.
CarSng- cons15tent. committed, trustworthy. and accountable. We Ilsten and always do our
best.
Empowerln8- Championing the South Kllburn community and helping people access the
support they need to live well.
mm nil En a erp.ent
Engaglng vAth thè community is 8 prforrfLy frjr sKr. Th9 sm811 tsam conn•cted with and lislened to th•
community thrwgh..
40+ communlty evenly and meelln9s attendedl supported
21 volunteers engaged giving gvÈr 100 hours of service
12 pald opportunities for local residents
11 communty gngagomgnt events hosted rgaching 74 r9sidgnts
In particular WF launched the Comrnunty Conversatlon$' project, led by our new Community Engagement
Coordlnator. Rasldants c￿designed a household 8urv8y to infom ftrtur• govemance and Serv￿ delivery.
Exporiencvd reswjents were inviled to train peer corlsuttants.
1880 doors in South Kilburn lapproximately half thè tot81) w8r8 knockad. achlevlng 201 completed suNeys
by th8 end ol thg financial year. The remaindef to be carThe4 OLrt next year.
headlines..
When asked to rank their top prioritles for ¢hanBe from a list of 9 prioritres, the top three priorities
identified were..
Reducing crime and Improving safety
Housing issues
Better service5 for young people

Partnershi
Cose Study.. Registered Pmvider5 Roundtt7ble
SKf5 5UPPOrt of p3rtnershlp working In South Kilburn led to the fomadon of 3 Registered Provider5
oundtable. now led by Brent Council. Thi$ group coordlnates responses to anti-social behaviour
IASBI, community en8a8emerrt. and estate maintenance across nine housing providers.
SKT ts)ntlnued lo support the Communty Worklng Party ICWP}, a of 45 local org8nisations and
sèrvk8s and hs Thematic Action Groups. We also 3ctiv*ly participate in broader initialNes such as One
K61bum, Serfous Violence Task Force, Brent Givlng. Br¢nl Health Mattars and Brent Gre
N8ighbourhoods.
The CVVP was tasked with delsvartng actlons outlined In a needs mapping document adtX)ted by the gioup
and M￿barS arranged themselve5 into the following Thematic Action Groups (TAGS)..
l. Public Sp8¢8 8nd Public Realm
Achievernenls.. IrnpTovements to thrge playgrounds and advocacy for lelsur8 spaca access.
2. Childrgn and Young People
Achievemen15'. Youth voice project engaged nearfy 100 young people.
3. Communify Buildtngs
Achiev8menl$'. Consvltstions on Cartton & Granville rsop8ning and govèrnance
4. Health and Wellbeing
Achi¢vements.. Events including South Kilbum Camlvgle and Wlnter Fair.
5. Employm8rJt and Training
Achievernenls". Empbyment Fair and new $upport seMce18unched.
6. C8pècily 8uilding
Achlevernenls.. Fundlng workshops and small grants to TRAS.
7. Community Engagement
Achigv8ments.. Coordinated inforrnatyon sharfng aeross and btheen agenths.
Indi
ual and collective resilien
In order lo address soctal and econornic in8qu81ty in South Kllburn. Ihe Trust has taken an individual and
CL)Ile¢tNe approach to tNJld rèsllience.
TD support economir independence and personal self-detgfmination. SKT has partnered with Equiv151on and
Brent Hub lo l¥unch 8 new empbyabilty support seNcè ts110￿d lo assigt South lfjlbum residents.
Employmènt Support Outcomes
17 open-access 3988loll$ held
45 partiopanis attended
34 dlgnts recelved personallsgd Support
2 rns￿ents secured quallty employmgrrt
ach cllènl r8¢a￿ad a tailorod Adorn Plan Goverlng lob $oarch. skill$ developmenL gmotional wallbeing and
career guidance.

To promote coll8ctivg ampow8rment sKr has ch8mpionèd new forms of local govemance. Recognlskng that
South Kilbum residents have strugJ18d lo h8ve thelr voleès hèard, s￿ has pmmpted residents and
partners to engage with Bient Council's new CEO'S plan fDr h*nessing community power. sKr inwted
partners on the CWP to explore options for greater rési¢Janl partlcip8tlon and leadecship. SKT faGylitalèd a
Governance Task and Finish Group which Tecommtrnded translfjonlng the CWP Into a resident-led mutti-
agency partn&rship for South ￿'1bUrn.
This marks the siart ol a process to empower residents collectively. enhance k)cal decisDn maklng and
brfng resldents and service PTowders closer- all wilh the aim of improving local service provi510n,
maximlsing the opportuniti&s arising from the ￿gEneratIon of South ￿lbuM and ensurin9 better outCOrnOS
for local rèsld&nts.
us on Crirna
SB and Comrnuni
Saf8
Wich Crime and AS8 beiThJ the number one ¢on¢em of kjcal residents as expressed to ua in thè Community
Conversatlons. SI￿ supported resldgnts and partnors to address ASB Ihiough coordinated actions. our
contrfbutSons Included..
Securing closure orders for problem prcwertigs
Carrying out lighting audits across South Kilbum
Coordinating bin store sweeps
Encoura9ing squalt8r camp int8lVonth?n5
Incraaslng participation in police's Ward Panel for Kllbum
omm
nut*ons
Residents reported feeling underinfom)èd ofdevolopmenls that affected them. and wer8 not oftèn awarg of
opportunitie5 open lo them. SKf proposed a shared newsletter to help ensure jolned up ¢ommunutlons.
This led to SKT produ¢ing a sèa50nal Wh8t's On Ilsttng that we distributed to the c. 4000 homès In SK. We
produced 3 edibons in 2024125 dr￿Ing attention to 55 free OT ￿￿-cO51 local opportunities.
Our new Communlcatlons and Engagement Officer focused mainty on our prlnted ond digital
communication5 including..
Digltal email Newsletters with updates on actNilie¥. evgn15 and semces sènt to nearly 500
subscribers monthly
15 leaflet drops through every door in SK
31 opportunities shared via our soaal media
Structurè and hlstory
Tho Trusl k% a ¢ompany Ilmit8d by guarantee, and Ix)mm6n¢8d 0￿rat￿nS on 23rd February 2009 and be¢8m•
a régisterèd charty on 12th March 2009.
The Trusl was creatéd to be tho "legacy vehicle" for Ihè govémmènt funded South Kilburn New Deal for
Communitl8s INDC), whlch wound up in March 2011. The Trust was set up with the support ol the local
authority. the London BoTC)ugh of Brent ILBBI. 8nd with an asset base and business plan to •n$urE mediurn
lo long-term viability.
Gov•rnan¢e and Management
The Trustees, who are also the directors for Iho PUTpose of company law and who served durSry the year are
listed on page 3.
None of the Trustees have had any beneficial interest in the ￿mPanY durlng their period of service. AJI servlng
Trustees aTe mgmbers of the ¢ompany and guarantee lo contn.bute £1 In thè avent of the company wlnding
up.

Thè TTu$I recognises that due to extenuating olrcumstances Some of the trustees have baen serving on the
l)oard longer than provided in the Athles of Asswiation. Four new Truslge5 were r?¢wtt8d b&￿een 2023
and 2024 and one long serving Tru3188 Stepped down. The Board 8uceession plan was updated In 2024 and
provides for further Trustee recruf(rnenl and for the remaining long&st serving tN$laés to step down in 2025
after an 8ffè¢tyve handover.
ReC￿ltmonf, appolntm•nt & t•m)s of offlco of Trustee5
TTUStees are reeruiled in accordan￿ with th8 procedure described in the Memorandum 8nd ArtideB of
Assoaotion. A person cannot be admitted as a Trustee unless sthe has signed a ¢ompl¢tèd applicatkjn to be
Trustee. When recrurting Trustees. the Ba8￿ takes into aco)unl. lo the extgnl the Board considers rt
practicab￿ to do so, the need for new Trustees to contribute lo the skllls mtx ar¥J balancè of the 8oard.
Alongslde "stskahold8rt Trustegs amongst whom there wlll be a representa￿Ve frorn the London Borough of
Brent ILB81, th8re should always be at least ￿O"reS1denf Trustee5 on the Board.
Trustee IndudiDn ond traSning
New Trustees are off8r8d an inductlon which includes familiarisatijn with the demo9raphi¢ and sodo8conom
characteristics irf South Kllburn and details ol the regenerallon proposals for tho arèa. role and
r6sponsibilili8s of 8 Trusteè and rg18vanl Charlty law is oxpL9ined to new Trustees aswell as the fnore Spedfic
¢harttablg objectNes of thg Trust
Staff Stnkctur•
Slrategic-level d￿lSIOnS arg taken by thè Board of Tmstees, with the day404ay operational decisions
do1gg81gd to Ihg Chlaf Ex8cutfvo.
A Committee of the Board rev￿ staff remuneration on an annual bas13. which Is re¢omrnerKlèd to the Board
for approval.
The Trust takes its HR Iegal advice from a conlracled prt)¥idgr, whlch includes benchmarklng roles agalr￿1
others in the s￿r, and thls ad￿Cts wfll be $owJhl wttere an indepenéent view is required.
Related partle9
Atthough th8 Tru5t1s an Indapèrsdant ch8rfty, th81a is an ongolng Framgwork Agreement betsveen the Tru8t
and the London Borough of Brent whlch sets out govemanco and conslitulional agreements b8tw&&n tho
partl8s. Thè Frarn6work Agreement provides for a Director ol the Trust lo be appointed by the London
Borough of Brent Ilhe Cotjncil Dlr8clorl. Cllr Jakè Rubin was appointed as the Council Oirector on 22nd May
2024.
Rl$k manag•mgnt
The Tru51ees re￿9W rfsk managèment regularfy in temis of kfjenlifying the types of risks the ¢h8rity faces
loperatKJn¥l, finan￿al and governan¢o1, analysing and prforftlsing them in terms of potenttal imp8Ct and
likelihr￿ of occurrencè, and Idèntfying mèarns ol mwallng the risks Identlfied.
Those milvJati(￿s include robust Flnancial Procedurgs to r8duca tha rfsk of fraud. thoft Of rnlsrnanagemenl,
and safeguarding procedures to protect all 8erwco ustsrs, ¢li¥nts and the general publlc.
Fundlng Sources
As a result of the closure ol The Granville 8nd th8 Trust thgr8fof• winding up operab'ons at the end of th8
financial year 23124. with the resulting loss lo the Trust of revenue making sIr￿M8. we havo b88n ftjnding
our existence from the £2m set aside from the legacy 8nd¢)wmÈnt to make the Ca￿ton￿r￿n￿l1e
redeveloprnent possible and to secure a 25 year lease from LBB. Havlng ebsorbgd th* CA)sl associaled wth
the rapital investment frcim the ￿gacY endowment, leading lo a wdu¢ti(Trn in interest accnjing to the Trust,
W8 anticlpat& that onee the Cartton l Granvllle scheme Is fully open lexp8Cted earfy 2027) the r9v8nts8
generated will contrfbule to th¢ Tnkst's abTlity lo ¢onlSnue delivering ils charitable objectives in South Kilbum.

Financlal ¢ontrg1
The Trust receives a flnancial report on a quarterly bas1$ which draws aitention to any variances from lh&
t*Jdget. This is Teviewed by thf Finance and Investmgrit Sub-CoThmittee before being pr8Bented lo thg Board.
The administration of payments is Manag￿ by sl8ff in the South K¢Tr)um Trust in ac¢ordance with the Trust's
Financial PToceduros. It is pollcy of thè Twst that unr6Strictod fund3 which have not been degign8t8d lor
a specrfic use should be maintainèil ata levèl èquw81gnt to Iwelve monlh's Èxpendil¥rè. The Trustees consldar
that reserves at this ￿Ve1 will 8n$ur8 that. in the event of a signifirAnt dTOP in funding, they wll b8 ablg 10
continue curfent activities whil& consid8ratFon is gwen ID ways In which additional frjnds may be fdised. The
Trust had reserves in exGes8 of thls mhlmum roqulrement.
Future Plans
The TTUSI aims to continue supporting the 9siabl￿hmgnt of a ro$Klent-bd partnership for South Kilbum.
ensuring the process is Inclusivo and equitable. We will fundr8ise ft)r the support needed to h81p group
succeed and wll ringfence resour¢e$ of our own to 8nsure 8 minimum Support level 1$ av81Lqb￿.
In particular. w6 hope lo work wilh th8 R8génèratlon partnèrs in the Community Working Party to carve out
meaningful role for rgsident5 in the appoinlment ol the single dellvery partner to Brent Council for the
remainder of th8 rageneialion of South Kllbum.
We Blm to conclude our est8te-wlde Communty Conversalons project by knocklng on all dcxjrs In So
Kilburn and shadng thè findings with residents and partners induding the n8w developers.
Additional￿, we will eontinu• to apply pres$ur¢ on ￿rViceS that are underperforming in South Kilbum and
advocate lor greater joining up, b¢ that In r8lation to ASB or eststg management for example.
We continue to hone our plans for the Carkon and Granville Scheme which the Trust is investing in. We are
heduled lo lake possesslon undèr Ikens8 of the first ol lour phases In July 2025- phase la wlll ¢omprfs8
10 self¥contained studtos and an opgn plan 'Common Room, of c 100sqm. The affordable workspace sludkjs
are being fflarketed locally at rents be￿¥een one third Énd hèlf of market rent. Interest lo¢#lty is high and we
hope lo have ￿.let the studios to local business8s by tha kn.me th&y become available. Futufg Pha$85 gre
an￿cIpal#d as folk)ws: phase 1 b - the east core of the Carlton Flrst floor covnprtsing a furthèr three studios
ar￿ the Ground floor 'Café area IFeb 20261., phase 2 Garden Hall (Novembér 20251. ph8$a 3 Granville
Centrè IM8y 20261, phase 4 the top floor of the Carfton, the Sm311 H811 in Block B and tha gardens lat
practical Co￿letIOn estimated al June 20271.
Flnanclal roviow
Thg position of the charyty a131 March 2025 is set out on page 15. The year ended with the organigation irs
strong posSN¢n lo take lopNard rt5 future plans and lo use its resources for th9 ben8fit of the local communty,
Durfng thè ygar the charty had a n8t oufflow of resourcès amounting to £189,342 12024.. net oufflow
£498,600>.
At th* yèar ttnd the charity had total res&rves of £3,223,734 of vA)Ich £63.631 rÈl8tÈd tr> rèstricted funds,
£3,153.314 to designated fvnds and £6.789 to unrestricled fvnds. Datsll$ of these are included In nol&s 12
arKI 13.
Whilst thg charity Is holding 8 hlgh lavol of rasetves the majority of th08e funds have been designated for
specrfic projects Is&e notts 13110 allow the Trustso$ time lo rewew the long term sustain£bb strategy lor the
organisation.
Free reser¥es of the charity at the year-end lunre5trtcted fijnds less d¢slgnated funds and those ded up in
tangibl8 fixed assets) arnounted to £2.53912024.. £1,788).

Thi8 rèport been prepared In aceordance ￿th sp•clo1 prDvl$lon$ rdailng to $mall compa￿e$ ￿thITr
Part 15 of Companiès Act 2C4J6.
On behaw of the Boord of Trustee
Signed,.
SIgr￿d..
Name.. Karèn 8uck, Chair of Trustee
Trustso
Nam8'. Anand Fl£Jy. Treasurfjf
Trustoe
Date-. 29h November 2025
Dale.. 251h November 2025

SOUTH KILBURN TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Trustees. who are al80 the director3 of Soulh lQlbum Twsl for the purp058 of (x)rnpany law. arg
rgsponsiblg for preparing the Trustees. Repcyt and th8 aeeounts tn occordance with applicable law and Unltsd
ngdom Accountlng Standards (Unite¢J Kingdom Generally Accepted Accounting Pract￿8).
Company requires thg Tru81ees lo prepare accounts foreach ffnanclal y8arwhi¢h give • true and fairv¥Èw
of the slate of affalrs of thè trust and of the Incoming resources and applicalon of rgsour(*s. Incknllng th8
Income and expendlturg, of the charttabl8 company for that year.
In P￿Pan￿g Ihese accounts. the Trustees are required ta..
select suitable aecountino policies and then apply them conslstenly.
observè the mgthods 8nd prfnciples In the Charities SORP:
rnake judgem8nts and 88lim8te8 that are reasonable and prudent and
prepare the aceounts on the going concern basis unless it is inapprnprlate to pr•sum• thal th8 knjst
11 eonlinuE in opgratvn.
The Trusteés are responsible for keeping FwDper accountlng reeords that disdose witti reasonable accuracy
at any time the fin8nu81 posithon ol the charitable rfjmpany and 8nAbl8 thÈm to ensure th* the accounts
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the tharitable
company and hencè for taking ￿0￿onable steps for thg prev￿tIOn and dglèction of fraud and othor
irregularrties.
Thè Truslees are responsible forthe maintenancè and Inl89dtyof Ihg Charitywebsit8. LegIslati￿ In the United
Kingdom gDvemlng tre preparation and dissemination of flnanclal statèménts drfrer from legislation in other
lurfsdlctlons.
li

SOUTH KILBURN TRUST
Ind•p•ndent Examtn•fs Report ta th• Trust••$ ol South KSlburn Tru$t
I raport to thg charity trustebs on my èx8mln8ilon ol tha accounts ofthe company for the year ended 31 March
2025 whrh are sel out on pagg¥ 13 to 30.
Rg$pon$ibllitlg5 and basig of roPQrt
As the tharity truste9$ of the cDrnpHny 18nd Also rts directors for the p>Jrposes of cornpany law) you are
responsible lor the preparation of the accounts in accordance with the requirements of the Compan￿$ Acl
20061'the 2006 Act'l.
Having satisfièd mys&ll th8t the accounts of the company are not required lo be #uditgd und8r Part 18 of the
2006 Act and ara allglblè for Indepèndant examina￿on, I rgport In resped of my examinatlon of your company's
accounts as carrièd out under s6Ction 145 of the Charilios Act 2011 Ilhe 2011 Acl'l. In catyng out my
examinat￿ll I have followed thè Dir$¢tions given by the Charty CommissK*n under section 145lSllbl of the
2011 Act.
Ind•p•nd•nt •xamln•rf$ stat•m•nt
I have completed ry examination. I confirm ihat no matters have come lo my attention in connection
with the examinavon gwing rne cause to bèliÈvÉ.'
accounting recordB were not kept in m5Pe¢t of the Company as rgquirwj by Section 3B6 of Ihe
2006 Act.. or
the accounts do not ge¢ord with those recnTds,' or
th8 a¢counts do not comply wth the accounting requirements of Sectlon 396 01 the 2006 Act
other Ihgn any r￿quI￿n8￿t that the accounts give a true and fair view which is not a matter
consid8ied a5 part of an independent examination.. or
the accounts have not been prepared In accordance w*th the methods and prtnciplas of
Statèment ot Recornmended PrBctice for accounting and reporting by charities (applicAb￿ lo
charftles preparlng Ihdr accounts in accordance with the Financial Reporting Standard
appllcable In the UK and Republic crf Ireland IFRS 10211.
I hove no concems and have come across no other matters in connectlon Yhlh the examination ID whtrh
attent￿0￿ should be drawn in this report in order to enable o proper undeTslanding of the accounts lo be
reached.
Martln Gum8y FCA
ICAEW
Halnes Watts Swindon Llmited
Old Station House
Station Approach
Swindon
SN1 3DU
Data 1)
12

SOUTH KILBURN TRUST
STATEMENT OF FINANCIAL ACTIVITIES
Ilncludlng Ine¢Tho & Expendlture Account)
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted D••lgnated RoitTr¢t¢d
funds
fund
lund
2025
2024
Notes
InMm• from:
Donation$
Investment irthme
17.291
138.289 123,904
138.289
Charttable acti￿￿e8
Other trat8lng Income
97,673
Total income
138.376
138,376 238,887
Expendlture
Ral$lng fund5
Investment management costs
Charttabl• actfvltles
SKT operations
Enterpnse hub
The Granville
Community engagement
Th8 C8rMon l Granvile scheme
375.950
80,493
201,280
79,744
218,831
108,887
218.831
108.887
327.718
327,718 737.467
Total expondlturè
327,718
327,718
737,467
Not expenditurg
before transfeffs
{189.344
1189.342} {498,61JOI
Tran8feTS
Gros5-tran8fers between fvnds
13
189.342
11B9.3421
N•1 l•xpndllurel I In¢om• for th• p•rlod
1189,3421
1189,3421 1498,6CQI
Contlnu•d
13

SOUTH KILBURN TRUST
STATEMENT OF FINANCIAL ACTIVITIES {CONTINUEDI
FOR THE YEAR ENDED 31 AIARCH 2025
Continued
RKon¢lllaUon of Fun(ts
Fund b81ance3 brought
at 1 April 2024
6,789
3,342.656
63.631 3,413,076
3.911,67
Fund balxn¢È$ ¢arrl•d for¥v4rd
at 31 March 2025
6,789
3,153.314
63.631 3,223,734 3.413.076
There werè no other [￿gnISed gains and loss&s lor the period other than IhDse includad in Ihe statemènt of
finanaal aCttvl￿•S. All thè Eornp8ny'5 actIV￿8S are cl85sifi8d as contiftuing.
Thè slatemenl of fjH8ncial activitses also iomplies With the reqU1￿mentS for an Income and &xp8ndltur8 account
under the Componies Ad 2006.
14

SOUTH KILBURN TRUST
BALANCE SHEET
AS A T 31 MARCH 2025
2025
2024
Not•s
Fixed
Tangible assets
4350
5.(k11
4.2511
5.001
Debtors
Cash at bank and in hand
10
59.942
3.175.018
121,580
3,393,820
3.234.960
3.515,400
Croditor•.' amount• falllng due YAthln
y￿r
11
115,4761
1107.3251
Nèt eurr•nt a¥sgt*
3319.484
3,4D8.075
Totsl 0$801s l•$$ CUTr•nt liabllltlo11
3.223,734
3.413.076
Funds
Reslricied incDmg fvnds
12
63.631
63.631
Unresth¢knd funds:
Designated funds
13
3.153,314
3.341656
Other charilabls funds
6,789
6.789
Tot41 chartty lundty
3.223,734
3.413.076
The charilable Company is wrtiled to exernpfjon from aud￿ under Secuun 477 of the Comp8nl8s Act 2LK6 for the
year ended 31 MarGh 2025.
The m8mbÉr$ have not requlred th6 company to obtair7 an aL*Jit ol rts nnanclal stat•rn•nts for trg yoar er￿911
31 March 2025 in accordance with Section 476 of Ihe CcThp8nie5 Act 2006.
The trustees ad(nc*Medge 1heir re5pon$ibilth"gs for
lal
ensurirg that Ihe charitable company keeps accounting recoTds that cOM￿Y wlth Sec£ions 386
and 387 of the Compenles Act 2006 and
preparing fin8nc5al statements which giva a trua and fair vigw of the state of 8ffairs of tha
charitable company as at the en¢ of each finanoal year and of its suFplus or deffldt lor gach
financial yearin accordane• with the rEqUif8ments of S8¢tion8 394 8nd 395 and which otherw7S8
mpty with the requirernents of the Companies Act 2006 relating to finanGial 5tatem8nts. $0 far
as applicable to the charitabb company.
The accounts hsv8 be8n pr8par8d in accordan￿ with the swclal provisions relatir@ to 8mall compani98 in Part
15 ofthe Companies Ad 2006.
15

Th& fin8n￿81 st8temerrts wore approved by tho 8(Ard on
Sign8d'.
Slqned:
Nam8.. Karèn Buck, Chall of Trusteès
Tru$to•
Name: Anand Roy. Trèssu￿r
Trustse
Date.. 25th November 2025
Dats.. 25th Novernber 2025
Company Reglstrntlon No. 06773665
16

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Nat cash louffl*)wlllthlow Imm vpwating
Aetfvltl85
(297,1501
1576.7851
Returns on Inv•8tmènts and ￿r¥¢¢Ing ol
Finance
Interest received
78,348
21,653
N•t rAsh Inif4w from returns on
Investments and servlelng of flnamco
Capltal expendlturg
Payments to acqulrè lawlblo flxed assets
ProGegds of sale of investment properties
78.348
21.653
(2,899)
Nat cash Inflowlloufflowl frgm G•pit*l
EX￿ndIt￿re
12.89è1
ID•¢r•as•llln¢r•a¥• In ¢ash
1218,8021
1558,0311
17

SOUTH KILBURN TRUST
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 202S
a N•t ¢a6h louffiowvinllow from op•rating •etlvltle¥ for the p•rrod
2025
2024
Changes in resour￿5 before revaluations
Interest ￿Ceivable
Dapwlabon of tanglblo fixed as$ots
Write-off of tangible fixed 9888ts
Movernent in d8btors
Movement in eroditor5
1189,3421
(78.3481
750
{498.61W)I
121,8531
883
2.859
1110.4731
50,199
81,638
191.8481
1297,150
1576,78¥
b Recondllatlgn of ng1 ¢48h flrjw tt¥ nTQVgrnont in n8tfiJnds
2025
2024
ID•croas•yincrèase In cash
Nel funds at 1 Aprl 2024
1218,8021
3.393.820
1558.031)
3,951.851
N•t funds •t 31 2025
3.175.018
3,393,820
18

SOUTH KILBURN TRUST
NOTES ro THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
1 Aecountlng poller•*
1.1 Gon•ral Inlorfflatlon
The charity is a prEVate company I1￿*t￿ by guarantee. registered in EngSand and Wal85 al￿ a reglstered
charity kn Eng18nd and Wales. The addross of the reglstered office Is Untt 4. M119 Walk. Peel Plaza. London
NW6 5H8.
Statement of compllance
These financlal statements have beon pr8par8d In compllancg ￿ FRS 102. Fin8ncial Repo￿￿
standard applicable in the UK the Republic ot Ireland.. the Statement ol Re¢ommen(Jed Practic8
applicable lo charitlgs pr8paring their8ccounts in accordanc8 ￿th the Financial Raporbng Standard appli¢ab
in the UK and Republi¢ of Ire18ntJ IFRS 1021 Icharibes SORP IFRS 10211 and Ihe Ch8riti88 Act 2011. The
charity constitutes o puLlic benefit entty.
1.2 Basls of PTeperatlon
Tha financial ststaments have bgon P￿parert on th& histort¢al Cost basls. a5 rmdffigd by th8 r8valuats.on of
certaln fixed assets measured at fèlr value through Inwme or exp#￿¢tu￿.
The fiTr8ncial $tstem8nts are prepared In stedlng, whlch Is th8 fvnctionBI currency ol the entlty antl is roundad
to tt)• n8arost £.
Going ¢one9rn
Thert Bre rto matèrial unc8rtaintl85 regarding the going eon¢em ￿ the charlty.
1.3 Fund aecountlng
Ganeral tsnd5 are unreshct8d fund5whlch are avallable for us6 at tho dlscretion olthe Trustees in fvrtherance
of the general objecbves of the chadty and which hav8 not b880 d85￿￿8t8d for olhef purposes.
Restricted funds are funds which are lo be used in 8ccord8ncewth specific r8Striclion5 irnpoyed by the donors
or which have beeH iaised by the Gharity ftK particular purposes. The ¢o$t ol raising and admtnistering suc
funds ar• ¢harggd 8gain$t thg Spocifio fund.
Designated hjnds comprise un￿$b1¢te￿ funds thal have b88n $8t ashle by th8 Trusteas for parUcul*
purp0s8S.
Whor• part of an unrostdcted fund Is ￿mi￿rked for 8 parlcular project but there Is no legal restricbon to the
Tru3lees' dIscre1￿)n to apply to the fund. lh8 affected a858ts will transfer to frTh a designated lund. Wheft the
Trustees have the power to d8cL4r6 spaclflc trusts over unrestTkted funds and such power Is exercised. Ihg
assetg 8ffected will transfer to forrn 8 restricted ftjnd. Where there 15 a Surplus a restricted fund after any
(tjligalions ￿lating to the fund haw be8n dls¢harge4, the surplus will then transfer to unrgstrfctsd fund8.
1.4 In¢*)mlng resour
Don8￿.0n$ a￿ accountsd lor when con¢Jitions have been met and there is rea80nable aS3Uran￿ of recgipl
and Srnounl re￿5vable can b8 reliab￿ 89tirnatsd.
L8gacie5 ar8 8ccountad for whon notlfied, Pro￿dIng the Brnount Can be r￿lab￿ as￿rtained and that ulumate
recopt is rgasonably certain. Donated services and gifts in kind are inclu¢led at the value lo the Trust wh8re
Ihis can be quanb'fied. The value of services pro¥rided by volunteers has aot been included in (hese accounts.
Grants rec81v￿ ar• aecounttd for as receivable a5 and when tondttions for ￿teIpt have been met. Incorne
from rharitoble actpithes includes In¢ome re¢eived under contract or where enbtlemenl to grant fvndlrg 15
subject lo perforn8nce condltions is ￿¢09nISed las the related goods or seNlces are provldedl. Grant Income
iryGlud¥d In this category provtdes funding to support acliwties and is recngnised where the￿ 15 enlittem8nt.
esrtalnty of recelpt 8nd the #mount call b8 rne8sured with sufficient reliabllty.
19

SOUTH KILBURN TRUST
NOTES TO THE ACCOUNTS ICONTINUEDI
FOR fHE YEAR ENDED 31 MARCH 2025
Advan￿ payments re¢gived during the y¢ar for adivities to b8 Carried oul in later finan¢kil years er8 fiDt
reflected in the statement of financial actNitiex. The amounts have been defer￿d to the financial year in which
the 801p￿ti85 will be carried out and are ￿Ported a$ defeffed incom8. Deferred inefjme 1$ included ￿th[fi
¢￿ditors.
Amgunts which wer8 r￿e￿ed aftw the period end frjr activthes carried out during Ihe period have been
a￿rUe￿ for in the financial period in which thè aGtfviUgs ￿re Carfed out and reported 8$ accrued incorne.
In¥èstrn•nt and r•nial Income is ￿cOgnised on a T8￿Vabl9 basis. In¢om6 I￿rn propety disposa15 15
recognised on the cornpletion of contract.
1.5 Debtors Bnd Cr8ditOTS
Trdde gnd othEr dobtors are recognised * the 3etUem8fit amount du•. Prepaymgnts are valu*d at amount
prepaid.
c￿ditorS a￿ recognised whe￿the ch8rity ha8 a present oblKJation ￿SUlting frDm a past¥vent that￿11 probably
result in the transfer of fuThJs to a third paty and the amount duè to 58tt18 tha oblEgaUon can be rn¢asur8d or
estimated r81iabty. Cr8ditor5 are reco9ni5ed at their setUement amount.
1.6 Resourcos •xp8ndod
Exp8Nlitur8 15 recogni54d whon a liability is inr#Jrred. CoAtradual 8rr8ngtmgnts and perfomance ralat8d
gfants are ￿COgnISed as goods or service5 aro supplled. Other grant paymerts are recognisad when a
ctsnstructrv6 obliga*"on arises mat resutt in the payment belng unavoldable.
Costs of 9gnera*'ng fijnds afe th050 Costs irKurred in 8ttracbng voluntaryincome. and Ihose in¢urT•(J In trading
aGtivltlas that raise fvndB.
Charftabfe actmties indude both thg direct 8nd support costs rglaJng to these acti￿118￿.
Governance costs indude Ihe cost of any legal advica lo Trustees on governance or constltrjllonal matt8rs,
extemal accounian¢y and 8udit costs. a proport.ton of consultsncy costs whkfr related to strategic
monagement of the charity as well as other v8riou5 expens6S.
Support Costs includ8 Central functions and hav• been alloca￿ equally acr￿$ the dnyerènt aGOvit40s.
Th8 Tru5t15 not roglstered for VAT so all expens9¥ shm in Ihè Stat•m8nt of FInan¢1￿ Activlles ané not•5
to account3 are shown gross11.6. inclusfve ol VAn.
The Tmst 8mploye6s participates in a defined conlribubon ptnskjn s¢heme. Pen$lon cOntrfbulof￿ arg
charyed lo th6 Staternent of W5nanLyal ActIvi￿*S in the year in which they fall due.
1.7 Tangib￿ ffx¢d assets and depreciafjon
Tangible fix￿ assets ar8 Statad at CO8t18ss d8precAation. Dep￿CiatiOn 18 provided at rate$ cglculated to write
off the cosl le55 ests"rn#ied residual value ol each asset over its exptct8d useful Ilfe, as folbws..
Offiee equlpment
F￿r8 & ffttiTus
15% reduclng balar￿
15% reduclng balarKe
Inv85trn8nt pro￿rtIeS are i￿lUded in the balance sheet st thè O￿n mafk•t value and ara revalued &nnutlty
and the aggregate surplus or d8ficii is translerrod lo the revaluation reserve. No depreciation or amorbsatKJn
is provlded in ￿SpeCt ol investment properhes. Mlhough thls Is a d8partuw from tre general req￿rernent of
the Companies Act 2006 for all tangible assats io be depreciated. In the OPillTon of the director complian
wSth the standard is ne¢ess8ry for the financial 5talernents to gbve a truÈ and lair view. Deprea8tioll and
arnortisation is only one pf many f3ctor5 r8flectod in th8 annual valu8tion and Ihg arnount ol thls whlch nlght
tsthepNise have been Charged ¢annot be separately identified or 4uanUfted.
20

SOUTH KILBURN TRUST
NOTES TO THE ACCOUNTS ICONTINUED)
FOR ThIE YEAR ENOED 31 MARCH 2025
Assets are capitalised ifthey are deemed to have a b8neficiat U88 of greater than ontr year frorn purchase
have e Cost greater than £2.500.
Trade and other d8btors are r8coynls•d al Ihe se¢ttement amount du8 aft•r and trad8 discounts.
p￿payMènts are value¢l at the amount prep8id net of any disewnts.
Cr8diiors and provisions are fftcogniser5 where the charity has a prosent obligatEon f8sulting from a past event
that will probably result in th8 Ir8n51er of funds to a third paTty and Ihè amount to settte the obllgation can b•
measured or 8stlmaled ￿lIablY.
21

SOUTH KILBURN TRUST
NOTES TO THE ACCOUNTS ICONTINUED}
FOR ThTE YEAR ENDED 31 MARCH 2025
2 Voluntary In¢om•
UnrnBtr4ct•d D85lgt￿0d R•#trlthd
fvnth
fvnd•
fundj
TotAI
2025
Total
2024
Donations
Grant incom8
87
87
17,291
87
87
17,291
Unrestricted income lor 2024 totalled £17.291
3 Inv•$tm•nt Incom•
Unrestricted D•signat•d
fvnd8
lunds
Restrlcted
fvnds
Tolal
2025
Total
2024
R8ntsl Income
It)terest recelvable
138,289
138,289
123,904
1383a9
138,289
1rJ,9Q4
22

SOUTH KILBURN TRUST
NOTES TO THE ACCOUNTS ICONTINUEDI
FOR THE YEAR ENDED 31 IAARCH 2025
Analysis of Bxpendllur• Charftsbh advltkns
Charft8bl• a￿￿tiO5
Adivltl
undertak•n
dlrnct
Support costs
Total
2025
2025
2025
Op8raJons
Enterprfse hub
The CawttonlGranviH8 sthemg
47,290
61.597
108,887
C¢)mmunity engagemont
95,039
123,792
218,831
ye￿ pro¥isiDn
Empltyment
141330
18438•
327.718
2024
176.788
560,879
737,487
5 Support costs
Support costs are apportioned across each aclivity on tim8 spent 8nd represent the followkng.'-
2025
2024
Office costs
27.252
staff admlnL8traUon & HR
8.767
29.124
Infcrnatlon technology
1Q.447
Legal and professlonal feès
28.381
221.892
D8preciabonnoss on dlsposal
79)
3,742
Salarf8s
105,359
298.359
185,389
560,679

SOUTH KILBURN TRUST
NOTES TO THE ACCOUNTS IcoKfiNUED)
FOR THE YEAR ENDED 31 MARCH 202S
6 N•t in¢omlng resour￿8 for th• y•ar
2025
2024
Net Incoming resour￿$ for the year 8r8 Stated after charging..
Oeprsciation
Independent Examlnèrs fa8$
750
2.50CI
883
2.700
TnJ5t8•8 rernun8ratlon and exp•ns•6 and r•lat•d party transactlons.
Foll￿ng an independent ￿￿leW ofth8 Charity's goveman¢? a con8ultant was sought to Implement the recommended
best pra¢iice and support the Board through a perfod ol organisath"Dnal change. Th8 consultant recruit8d. as ￿￿11 85 a
expert in this field. is lh¥ $i$ler-in-law of Dne of the Trustep5. KaTen JohTrson Business Con8ultSn9 IKJBCI was engag8d
and Ihe related paty statu5 approved by the Board., KJBC received £5,950 for professional seryices (Juring tho year.
Ernployees
Numbèr ol employees
The avef8ge monthly nurnber of emK4oy#es durfng the yèar was..
2025
Numb•r
2024
Nurnb8r
Man8gem8nt
Admini$tratiDn
Servic8s & operallons
10
Employment ¢osts
2025
2024
Wkges and salarre?
Soual security costs
Pen$lon costs
123.850
38,159
6.696
257,496
19,435
11,979
Z4

SOUTH KILBURN TRUST
NOTES TO THE ACCOUNTS (COPMNUEDI
R?R THE YEAR ENDED 31 MARCH 2025
During the year one employee r￿Ved ornolurnenfs behyeen £60.0(K) and £79.999.12024." no •mploy8tr f•eoTv•d
emolumènts over £60.ODO}.
Ex*ratia payrnents made durfng Ihe y•8r 4mountgd to £1,27312024.' £3.IY)01.
K•y Mana9emgnt Pergonn•l
Key management P8r50nnel induije all persons that have authonty and responSi￿lity for planning, directing and
controlling the a¢tivilies ol the ¢harity. The total compensotion paid tu key managemènt Per￿nn¢1 for ￿￿1¢•$
prDvided to the charty was £79,98812024.' £104,545)
25

SOUTH KILBURN TRUST
NOTES TO THE ACCOUNTS {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
9 Tanglbltr fixed assets
Fixtures &
Fiitin9
Office
Equiprn8nt
Total
Cost
At 1 April 2024
Additions
Disposa15
8.040
8.040
At 31 March 2023
D•pr•clatlon
At 1 April 2024
Charge foi the year
DIsp0s818
3,038
750
3.038
750
At 31 March 2025
3.788
3.788
N•t book value
At 31 M•rch 2025
4250
4350
At 31 March 2024
5.001
5.001
26

SOUTH KILBURN TRUST
NOTES TO THE ACCOUNTS ICONTIMUEDI
FOR THE YEAR ENDED 31 IIARCH 2025
10 Debtors
2025
2024
Trade debtors
Prepayments and accrued Income
17,028
10{552
121.580
11 Cr•dltDrs'. amounts falling due wtthln on• yHr
2025
2024
TT8d& cr•ditOTS
0￿r creditors
Accwals and deferred income
12.187
790
Isoo
77.844
5,335
24,146
15.470
107.325
27

SOUTH KILBURN TRUST
OTES TO THE ACCOUNTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
12 R*S￿¢t•￿ fund8
The incorn8 frJnd$ of the thadty I¥￿IUd9 rostrfcted funds cornprfsmg the folowing unexpended balances of
donations and grants held on trust for 5P8cific purposes..
Movemont In lunds
8alaneè #t In¢omlny
1 Aprll 2024 r¢sourcwd Expondorl Mareh 2025
Sl Augustine'$
63,631
63.631
83,631
63.631
The Sl AUgUs￿ne'S restmcted funé wa9 comprised of a grant r8rAivod fvom the London Borough of Brent. stt
asld8 by the Trust to fijnd Pay & Plaf prowded by the Trust to encourage IoGal residents Snto sp)rts at
affordabl? pric9$. Pursuant to an agreement wlth the London Borough of Brent payments out of the funds can
only b• mwJ8 for purposes that will fijrther the PrO￿$10n ol'Pay & Plaf or general commvn1ty use at Ihe St
AugU$tlne% Sport5 Hall.

SOUTH KILBURN TRUST
NOTES TO THE ACCOUNTS ICONTINUEDI
FOR ThTE YEAR ENDED 31 JIIARCH 2025
13 Desl9r4ated fvnds
The Inc0rn8 fvnds of Ihe ¢hBrfty i￿￿de the followng d8signat8d lur¥Js whleh have been set aside out of
unTrslrided lunds ty the Trustees for spe¢ifi¢ purposes..
Mo¥em•nt In lund6
Balance at
Incornlng Resource5
Trnnsf•¥# Investsnent• ealanu at 31
1 Aprfl 2024 r•sour¢•s •xpended
gain51199ses M4rch 2025
CapltalldevalDpmènt
F¥88 Reserve
Contingency tund
Inve5trnenl fund
2,000.QOO
650,CM)O
12,656
680,WO
1189.3421
1.810,658
650.000
12.656
680,WO.
3.342.656
1189.3421
3.1 $3,314
The Tru$tee5 have reWeV￿ the rtatu￿ and level of the deslgnated fund at the year-end th8 result Ihat
the new dosignat811 funds Created in th• PfOMOUS financial year will continue. Whi18 It had b88n anucipated
Ihal th8 conting8n¢y fvnd h¥oukJ wluco 8t a Slower rate, the bu8ine8s model to incr8ase incornè from tha now
hub has been an¢J will be slower than anltclpated:_
CapitallD8v8loprnent- the development of new pr8mi8e5 And a Communty end Enterprise Hub.
Contingenry fund 10 8nalA8 the organis4*'on's rBliaTrce on its legacy fundlng to redu¢& by Inuemenlal
percentages du￿n9 the ￿rIod of the SoLrth lQlbum Regeneration.
Free Reserve- Roservos available for disffibution into capital dovglopmenl 8Thd iThv8strngnl.
Inv85tm8nl fund- to 8WAJre a long-tefm iTwm8 10 8UStain the Twst in tho long term the aim that Ihi% will
brfng tha org8nlsatlon an 8nnu&l rètum.
14 An4ty81s of n•t a¥591$ bglw•?n funds
Unr8stricl•d
funds
Re5trict•d
funds
Total
Fund bak7nees at 31 March 2025 are
presenied by,.
Tanglble fixed assets
Current assets
Cr8ditor5'. 8mDunt8 fallirg due witF¥n one year
4.251
3.171.329
115.4771
4.251
3.234,960
115.4771
63,631
3,160,103
83,631
3,223.734

SOUTH KILBURN TRUST
NOTES TO THE ACCOUNTS ICONTINUEDI
FOR THE YEAR EPIDED 31 MARCH 2025
16 R•latsd par11￿ and controlllng Intorost
Related party tr8n8actions that look plAce duAng the year are set out in note 7.
Th8 trust was under the control of the Trustees thrwghoutthe current and prevlous pwtod.
30