Ch¥ty Wrn￿r. 1131380
K.C.U. Ltd
th• Y••r EfKlwJ 31 Mwch 2025
32 Caxton House
N(ff1hwn￿ S¢iMc• Park
gi Pwk Ro•J. Pa
NN3 6LG

K.C.U. Ltd
Contents
2104
5t07
10
11
Nol•s to th• FInarrf￿ SIthY￿
12t¢22

K.C.U. Ltd
R•f•r•nc• and A¢knlnlstratlv• D•tall•
Vktcrn BO￿, (Ch•w•¢vb)
Sc<*i Eth*ards (appo￿￿ 18 W 2024)
Payne. (freasurer)
{woYrt•d 18 2024)
%)24)
Prfndwl Ollk•
S1 G¢*1 Str••t
K￿￿[V4
416 8JB
Compwry R•o••tr•tkn Numb•f 05695S11
Char*y R•gl•tMllon Numbw 1131360
Ind•P￿o•nt Ex•mlnw
OavKI Tumer. APIS ACC￿￿&
32 Caxton Hw80
Kmgs Pwk Road. Pwk
North•mFrton
NN3 6LG

K.C.U. Ltd
Strategk R•port for th• Yw End•d 31 March 2025
oNlfAI 31 M8rch 2025. In c¢>wkn• vAh 1414C crf th• Curyme• Act 2￿)6.
b)
leamI￿. Cfe*Mty. arKI wl*xpre$6i
En*le arKI Supwi uswa ol th• ￿111# Io Ilw tsrtef•*ts lor
tho l￿der cLYnmunrty w¥J ¢Jther aw¢1
To swwt &h1O￿Me￿ rA ￿r cPorrt•Lqe t*ectg, OLV W4ed pkn rKI￿lIeS {202&2Q2T)
on WO￿ to help Jddrm poverty and th• ¢•uM• of pov•rty by w)Imulng to
prTh￿• acc8s$ to food. ¥￿￿1¥1 debt aThJ and lh• most
vulner•b* tho proviJTh ol m•f*onn¥b•lf*TrJirrtJ. ￿￿rrteW1rMj roles 8rKI by off•r
Ihrough vwiou8 volunteerng rolo8.
C￿rtInU• our •dKallon •nd 1•arntr￿ provtskn by makntabn*¥ •nd ￿l￿1rvI KCLfs
partner8r￿ wth k•y and l•amirg provthr8 to a rar¥Je of C¢￿r5•$I￿o1ksr
InckKllng approKhM to lupport confKlw*o b8tt•r mwt•l h•dth afxl vffjlbwg",
re5earchtng Potont￿ fundlng oppwtunths to c￿rtin￿? wwdirmj ESOL IEn*'sh Sp•akern
needj of all use s•n*lce 1hfoU￿ m9ntomg1oefrw￿fflg,. wpp(xt for
111. refu9OeS ar￿ a$￿uM •e•k•rn.' ¥Kreasmg ￿lUnte￿ eft9•9wbth lo beiler reFKttenl cwr
c(mmunty. usln9 (XX Pflnc* lo respond to to qu￿ wxl
Justfy deciiw m&knng orKI lo widtrp¥i fi•x*l* to •d•x
cMm•t• chwyi by I￿(••8￿ ¢othutX￿ to oddregffj nogth• cn our
•nwonmenl through 4brrkihop¥. f•du¢ng food w•*ts Ihrtyjgh ¢OL*ing
dassos and t•￿￿ty funthn9 to %Mt•ln UF¢5¢￿￿e￿rl￿b9 xtsvty lo kew tt•m8 rArt al
rAg to help pecple move to a pb¢• in Ih•lr Iv•s. ￿ alx) ain to be a wovider of Cl¥￿,
d auf p*tsiors ccffltirbu*ly l•U ￿ to 'keep dcffg we domg arnj in tho way thal y<)u do f. To
retain wr fom M 't￿ w• do ttrwy. as Ivh•l wè do,, on ow lo
Pw2

C.U. Ltd
Strat•glc R•port lor the Year End•d 31 March 2025
We want to V•Qfk •Kle ty Jije evw>x
W• Ilslen
Ow nffi4radlbonal lood prov1$K￿ qxr*• a ¥¥*e' m(yJel. P•oplè ￿¥* lo ool a foc*l
voucher, lake th6 to an wJentifi8ble food￿k In Ihdr comrn￿ty th•n f•Pe￿ their sttyy a9￿. Ft)xl
prrfc•l8 Ipad(•J ty v¢knte•rs In *xr c•ntr¥l hub) pAe defverod to partner organisthff4 (e.g. provkllrffJ
•• trMt•d ￿ dsrmty through discreet xces$ io fwd 8t Ihe fr* PO•It of cont•c( Wha￿ al
9￿.1¥a Its af the re*vwrt Cyn*alK￿ io h8¥) addrnsi the rol￿rA why they ne￿0 ft)od
SUFWt In th• first plx•. c￿[￿9 th• y•w. ￿ c￿lDurAj discree¢ lood staff * our
h05Prfal arg •truggTrng to m*e ends m••t •$ a r•sull d th• eWKThiC rAigiJ gljo Wtr￿re tr
nwAls pfesfrfrted, added support. •xpana•d our wJvts6on io m&•t
the needs d IIKW 8••k I￿)d 8WJWt 10 pIrt￿ ￿ 14.
iklirwJ on th￿lty mod•L vAh NfvnFkn¥htre. a 'Hdith R￿￿•.
* ther c(¥nmunity allokn•nl lor I￿1￿88 fai5 *rto loc*J Ir4Kunty thjmg Khool hc&dw
Ih•'r nebA0￿• and we fed durir¥a the dry. WTrii1st Iha¢•, thty oxA( a fam* meal lo take home w*d are
PTry¥vJèd wrth a dupltale s•¢ ol Irof•d￿t5 to r•cpes Thij meDns tsmilies exper*rtmg
Chikkn 14eKI &16 y•ws) d l•n*M kr*Nn lo tsl *ito food irwcurty ¥• thscroth r•l•rrtAI by
tw11. Thrwgh fvrKSiTra ha￿ d*#*k¥•J the Dwty ProJ•ct whKh PI•v￿Ulty
prtrc•hr•d •Fpkaw to h(yn•s in th• Kelterwig ththci, to 8 modol (m￿10 knwowm•rt
pru¥KlwJ ty)dr¥wJu* 18wn arKI practK• upc¥*ocstlry •ki118. Maths Of￿•d¢jod to
bl8 luncAlonal mahs to b•c¢rM m¢y• ￿￿•1)1e to the u•er. Ow upr￿n9 mcthl reducffi tr*
nwnber cl rlwnj t￿en lo lJrMffiI, wth Stuth￿S Ort1￿ kwg c* th• b•irs sc+J
Pa9• 3

K.C.U. Ltd
stratsglc Report for th• Ymr End•d 31 March 2025
I￿r M￿1¢￿￿9￿•1rlendIrrfj 8uppcMts ¥uln•r*Jl• pecylg arKJ tho•• with ccrfnplex n••th lo O•al
h*8 thwn aclM•v• and flnd s0knK￿5 to Ihwr th¥n lffle 90* (m•rtor#ig). Thr¢x4h t￿l￿alr￿a
irK(Th ￿ uft8mpkn￿. D•llv•fthl in • 'non4nSts￿1on•I, enV1￿ment, this *Aracts p•cpbo h•
vtho noad axtra h•* ts) fully durlry th• y•trf lo￿ on IT
Skth u m(>re swvicm we 0￿170 Jince the partht a￿1 thrtw Icul gov•mrrbent rvforn. ESOL
(Eryhh for Spoak•fS ol Olhor LarvJu•3•s> 888ffjt with th• mcr•aslng n￿ts•1 of refugees
are& DwfYJ th• y•v dr•0 St*d c￿jr8e6 thl•ws ¢0 dv¥ekp Iheir 80ft okil
to a futy iKIu5ive Off￿r& voknt••mg •nd *Drk eX￿nCe to PWF4•
reach th•r potèrthl. Indudiry thrA• b8 givw OF•￿I￿nrt￿ elw•hwe lo
ra* rqjort was wro4YJ ty the tr￿teel !•1.tsgJ.&>?S 14rwd ￿ tt•
b•h•W by.
P•a• 4

ILC.U. Ltd
TnMtsa•' R•port
the Iln•KJal stalffi)enls d the chariabkn c4JYrf>ary fw th• >¥•r ¢ThJed 31 M8rth 2025.
>pl•'s gt8blty PA 8ub•equent hoaRh ￿lIb￿. Th*J nrt Croat￿ orwng
Its￿91•d lo make end• rneee arKI kxcfxn• mor• rehant on fyjf ••r¢£•s. DMprt¢ th• ch*ryM, IIKI
bfoishl for swport to hlp meel tlx)* dwn8nts. F￿ •xampl•. th•
Supwt F￿d {HSF} lo kKal lor d￿tr￿￿1¢￿. u8 to geojre fUrt￿r
lknancol support threwh￿ the yur to meet orgoiry derna￿ for l¢(#J •nd trvough •xp•ndir4
hawa galn•d th• confKIe￿* oxperwbce ID secure ￿tynt￿l. wr8u• furthw ¢dK•ti￿. ￿ wen
Ilwt th•r own prry'xts wlUI KCU that ha￿ evc+4•J ak)rvJs¥Je ttwir neats. such a8 ffl0￿
£197.1 $3 irKome g￿erated (e,g. b￿fty) lor lrtal potylo and £134.366 mwnw, O
di8ereei lood $￿POrt Con1m￿l. In th• >*ar, 2276 34ay food pwcds supplF•d lo 3616 F•C¥
(cl whth 2710 V•we thlj 8rKI ￿6 we chlktrenl. In ¥(￿ch￿S fw f¢x*J an￿Or fuel vffjr•
￿￿tr*I￿a tlvW Cad•rt •8 p•rt ol lh• Trumell wrfFYnh¥l.
Our nrybin5tttui1￿aEWs educatKMI •nd Iwnkng prov111￿ hel)i 3dul3 W knto Iwnl
stkng iw atterKI IT￿￿tI￿8 Oue io past i)ty•tN• •xpwencM).
Thrw merrtorIn￿efri￿d1ry. *vt• us•rs ￿￿unte￿I are often helped to Ihdr lul
Polent￿ ty prtr4kJirrfJ *jdrt￿r￿l 8UPWt (ts av•knbl• s•ttmgb. In th• ￿, 323 •JLKlwrt
W• have 86 itidi¥idLKqI8 in wr vohJnleer pcd Ow vthrrt••rlry profi• conllnues lo di￿rgOy,
m(xe yO￿g pwle I￿r￿n9 us. Addnion•l fundng hm enat4&Y UJ to rerJKA'E more ¥YJlunl•8rn to support
•¢ young p•ople through m￿￿xI￿ 8wvk8. Twgrf•d tr•Yxn9 fr•x¥•d on youth mentsl hoth.
•mp#htt $LWFth as they the ycxmw PWF4e tr*y
•hwed ItMS 18*nry wth p•tr•f8. We lo knp*m•nl a prvgrm of (Ji8*ted la81
yew> to lulurwc¥)f KCU to lo str*ogr prKyrtM obj&ts in 8 char¥4iThJ 8NI
hwnan resoLrn (slaffknlw)1è8fS) and mathetmg arml c<ynmunic*Jr4.

K.C.U. Ltd
Tru•t•••' Report
Futurn plwm
Our fvlur• plans WKI￿Je CAY strategic Fkn pr•vicAtsty nolod. wme ret8ining
redr￿ serfvic88. I￿r t￿•￿)r4 M th• h•v• fwther reinlorc•d imp(xtw*c• ol an lrt•gral•d
pwtr)erJhip aPp￿￿h to ertatAe I￿xb￿fy to m••1 our aThl the dr¥erne ￿d8
Ilhxe Wa cortfflu• to t4xwOs bec￿1￿ a futy In￿61¥• orgwiutM)n ctsproducl
inlwnal *Y)rkthcpi for vclurrteern to eMhanc• Ihw It¥*. *IKh w to grn wxbJnAw 1¢ tlxx•
who are scaaty artsy m•rginalMod.
Flnancl•l f•vl•w
(￿r fm¥*ces r•mab)•d *ror*J Ihrough grarts, p￿r£ *KI ccmpary d￿at￿#18 •nd m•nlthlry
ic $hw Inccrne. A F￿thno StralW rc4ed wt h85 ado￿ lo
•wyJrt d•ll¥wy ol th• str*wc PL•n. Thi• kok8 back * tho pr•vkwi slratryy. pr•wits • fir4rKial
fundin9 1(wrc•• ov•r years. lo1￿¥*j by k•y fN Werknrm iu•lainab*ty.
Trusi••s (as part ol gcod IlnWC￿ Set Ircm unrestrthd Ir•• r•servu a Gw)w¥l
Reserv0 of a minvnwn ￿ 6 m(th funnknw costs crf the Clwty. Due to incxeasod co618, th6 wll
8tructur•. gov•rn•nco and m•nagwMnt
KCU & • c¢%np￿ kntsd •• drfaied ty th• Cth))p•The8 AL* 20￿. TnAl8e• w•
hwe (krties sel ¢)ul by Charity C¢Jrrffiiswn. KCU wthi'n its MeM￿rKI￿n Artbcl88
As8Lxialirm (rO￿￿d In 20211. Trusl•M recognffjo thoir mw r•8pMsits1ty * to •niw• 9(xxI arNI
•Fpfopf* gu¥em￿C• of KCU •) wth Chwty guKlolirw 4rKI lo d
tho 9u¥J¥K• N relevanL
eleclKn ￿0¢•88 lor a Tru¥t•• N by rK¥M*x)n at a Bowd mo•tlng and b•brg ty an
backwxfflth r•lw*rt Io guFoth'ThJ the CThwty. rtr•l•ckn L*•$ pl•c• at AGM.
knwkn•nl&J. tran￿)￿9 frrm 8 t*trdweclN to a sryl• CEO. Trusl•M akn corfi)t* trj hohl
Rl•k m•nagThnt
op•rknnal f*ks. A* pwt ￿ th¢ Str* Pkn revivw. key ri8k8 that KCU m•y tsJrr•)tly fx• or coulj
face in the I￿re hl•ttfvd. A f*k •5gesw1￿ ar¥J Manag￿￿nI 18 in pl&x
•rxl, as befcrte. M r•vKrrtl * bwl annuoly. Tho lo mliW• rlsk• th apwopr•te.
Ri$k mattw8 rngulwty olic￿ld, arKI wd•¢M. rijks. af• r4￿rte￿I to lh•

K.C.U. Ltd
Tru8t•••' R•port
Th• *•• apwmd by ts trwlee8 d thè chwty on .'
Jufjan P
P•9• 7

K.C.U. Ltd
8tat•m•nt of Tr￿t¥6' R•spon8lbllltl••
Th• trwt•M (wlw) we •kno thr•th of K.C.U. Ltd of cry￿P￿Y
pcmible IN prepamg th• tru8t•os' rw th• f•iwc*l stattyn￿ts in •ccud•nce with lh•
Ilw give a true and fgir vw slate ol all•rs ot the char**kn company arKI al It• ￿CL￿nI
r•soufC•S and applICatK￿ cl rnsourcu. MKlwJwwJ rtg irKome expenditure. for Ihal perhxl.
th•t ch•f*•bkn cortwany wil in ljw'ness.
•>W•n the ¢h•rrt•blo c(¥npBty• trw•actKm arnl diickr￿ wlth rwonabl• ￿eUr4¢Y al trne th•
rfÈarKJal posI￿n ol lh• clortsbl8 cc#rp•ry t1￿1 to W￿re Iha¢ the fman¢41
Clyn￿ wAh the Act 20(￿. TTrw we alBO rospons*l• for sa189￿1rd￿j •Mels ol the
WKI dher irr•gularth•.
Apwmd by th• of 14.01 Itss, arKI oiw•J ￿ 18 bohgff ty.

K.C.U. Ltd
Ind•p•nd•nt Examln•e• R•p(*t to th• tnJsto•• of K.C.U. Ltd
l Tepryt on lh• th• chwty >•tr ••xlf*J 31 hlwch 2025 vhM* w• •ql ¢Jn pao•1
10kn22.
R••p•clh• r••pon•H>llU* ol tnMt•ffi and •xafflln•r
The truslees 4180 difecth crf the cwany lor th• puryxws ol c<mp•ry knw) are
rv8prn6i￿ for Preparat￿ ol th• fXC<XHrts. Th trusl•o9 ¢￿￿1¢r Ihat an 15 not rffjUIr￿1 for
th1• y•w und•r •ectrn 144(2} of Ihe Chwth• Ad 2011 (the 2011 Acl) that •n md¢pefth
ex•mir4tKn V• Th• chaffly's gross exceeded £250.OW aThd l am quaW*O to
undertake ex￿Ine￿ by qudrffft1 cl th• Institute of Chartwwj Ac¢wntwrt9
Engknd l￿d Walm.
H8NTVJ sati¥fied m>ffjaff ihat thè ch¥ty is nol 8L&JfKt lo audll w¥J•r lwfv l• elgbl• for
lrnl•xrthr&l exam￿￿n. A Is my reSp￿1￿￿ty to."
¢xamine the acc￿nts undw 8eCtI￿ 145 d iho 2011
r IxtK)n 145(5)Ib> 2011 Arl
Commi18iN. An examwiatKm InduOM a of the records kept by thé ch*ty a
WIUSU81 or disthSLmS In th• Xco￿ts. arwj seekww expknatK#is Irrffn YOU as Iius18
conc•ming any mo11or•. Tho w0c¢￿re$ do noi prDNth al th¢ Ih8t
be wired In an aLwJil ccrfw•qu•th no (ym#)n J gr4W M to ￿th•f Iho accounts pr•••)t •
IfMl•pmd•nt •xamln•f• st•t•rn•rt
. ty pfepwe •ccourrtg vthKh Kcryd vAh the acc(Amtiw f•cord•. ct>npty acc(xJrfiTha
requnments of s•dAYI 396 01 the Compwv￿ Acl 2C(6 wth Iho metrths and wlnc*lM of
) ￿ vknth, M my LyNiYJn. 8ttertTh sho￿1 b• to • proper th•
the Irrf¢iuh ci Chartwed ACc￿nI01￿ m Er*rKI W*k••
KJ'r¥J8 P8rf( Rowl. Idothin P*k
NN3 6LG

K.C.U. Ltd
Stat•m•nt of Flnan¢lal Actlvlll86 for tho Y•ar Ended 31 March 2025
Ilncludlng Income and Exponditurn Account and siat•m•nt of Total
Recogni¥od Galm and L￿se•>
Total
2025
23,859
51,219
19.370
156.278
43229
213.495
3,874
IK¢xn•
84.952
Exwdltsn on:
1*,465
319,911
Trjal Exp8rnlttw•
190.465
319,911
(105.513)
46,2CI)
(59,313)
(35,808)
123.405)
($9,313>
RKon¢Ml•tkn ol fvnd•
119.7CIJ
168.999
288.705
12
83,798
145.594
229.392
Tot41
2024
fund•
lund•
41,901
45,591
4,228
251,414
4,228
91.no
267.414
ExpwMJ*urn on:
124.84
11,321
188
Total EJpwx*urn
124.84
211.321
336 168
12 966
M(￿￿ne￿ kn fuThls
(33,12n
12.ge8
152,833
275.739
12
168.999
288.705
￿nd$ for 2024 • in nc¢e 12.
Pap 10

C.U. Ltd
(Regl$tratlon niNnbor. 05695S11)
BI￿n￿ Sh•ot as at 31 March 2025
2024
TawlL40 •Mel8
147
10
16,514
218,521
6.734
289,195
295,929
Cash •t b•th and in hwMI
235.035
11
5,7
419
288510
229.392
FuThl• ol th• eh•rlty:
R••trlcl•d fund•
145,S94
188.999
Unrn¥trlcted Incoffi• fund•
UnrestrKted luTrls
83.798
119,7
Total lund•
12
288.705
Tho ffi•n
on Pa9￿ 10 to 22 YAy• •pwrnJ by tho truitg••. And 4uthNIMd lof

ILC.U. Ltd
Not•• to th• FInancI￿ Stst•m•nts lor th• Y•ar End•d 31 March 2025
trust•e• l• l*l• to wtsibule an Trjt ex¢••thn9 £NII th• •M•ts d th• .
Summary of 819￿ant *counlhvJ pc1¢￿ and k•y •¢¢ountlng ••llm•t••
TPhi prwKipal Kcountry appkd n the prewalKJn of t￿¢ fmancial gt•lwnenl¥ are oel t>A
C￿￿1￿&.. st￿•￿ ol R•C￿meTh￿•d Prxtic¢ •pplic*Ae to chprthl th•lr XCOUn￿ in
Cord￿ *ith the Repybng aPFa¢*l• kn th• UK RepL*IK of Ireknrxl (FRS
102) {effects￿ 1 Jarnary 2015} - ICh•nt*s SORP IFRS 11r2)), R•iortlro SlaTrJ•d
4PF**l• UK •nd R•￿￿￿ of Ireknd {FRS 102) and th• Act 2((rf.
B••l• of prnparatlon
KC.U. Lld m¢ets the 0ofinli(m rf 4 FRS 102. AM*• arKI liobillie• arn
iti'* recogni5￿ at hl8trrfk•l cost ky vwlu? oth•rnffl• 8tat•d i•lw•)t
Golng cryK•m
The chwty opiod to aLknpt Bulebn I p&JliJW M 2 FdJNary 2016 •)d hm Itwotse
In¢om• and •ndoTwm•nts
be re￿￿1 ond the 8nKAWlt ￿ the irrorm I￿￿v*10 can b• me4surfAI r•1￿.
ent d*e, In the e¥vit thgt a dOr*1K￿ is condthm
perfomMnc• by th• chwty b•f¢)re the ch•rty N enlitbj to the fwth, the income li ddofrnd and nc
lecc8rw￿d wtil ether th088 I￿￿ meL ￿ the fu￿rn•r￿ ol Ihole c4xthKTh 18
vAhln th• control of Ih 4￿j rt th•1 I1￿•e lje lh•
Pap 12

K.C.U. Ltd
Not•• to th• Fln•nclal Stal•m•nts lor th• Y•ar End•d 31 March 2026
ExP￿dI1￿•
prthoble settl￿ent 13 rwuffed aTha the can be rnusur•d r•li&)ty. All costs wo •I￿￿•é to
aFykabl• •xpMthr• ho•thrvJ aggreg¥le synlar ¢o8ts lo thal cal•3cry. w￿re costs rArYKJl
be dirtly *tr*iled trj partKui¥ tlw ha￿ be•n a*)caied on • bosi• C￿•*nI wrth tr•
ol re$￿T¢￿. wlth ¢￿trI1 ¥t•ff co¥ts a*Jc*ed ￿ the of irn spert and *xfKi•IIc*i
8upport crA
•xp•ns•i.
Tax•d
T￿ ch¥ty is cons*lw•d 10 pass th• leits Mt Parawwh 1 Sc*odukn e d th• Flian￿ Acl X110
d thpJeforo I meets th• d•finthn af a chwl*bl• ccffjp•ry LK clypor•t￿ tsx pUrPX￿.
Awdmgly. lh• chwty l• pol•nlth •xWn￿ frun rnsp•ct 0¢ mcc*x• N wrtal gai
¢4'vwJ vth calegor*8 co4ered ty Chao•r 3 Parl 11 cl th• CorpNatiM Tax Acl 2010 ￿ Sed¥)n
258 of lh• Taxa¢k>n of Char9t•ble G•in• Acl 1991 lo th•t wch mcom• Cff 9th•
•pphed ex￿54¥* to ¢h*rtabbe pwu.
TangIb￿ llxod ••••l•
Fumrtur• Ow￿￿nert
25% rnAl￿ b•knc• ba•18
Pa9• 13

ILC.U. Ltd
Not•s to lh• Flnanclal Stat•m•nts lor th• Y•ar End•d 31 March 2026
Tr•d• d•btorn
Tr•J• delkn aro re¢(yJnts￿ al ￿ tr•rwkn pru. TIW ore 8ub6equwrtty m8asmd ai
￿lI¥J lh• •ff4ctr4e inlerul methoj. le8a lor ffipalmwL A provis￿n ts t
Imp8timent ￿ Irade debttys ts •stabthsh•d there is cty'•ctr￿ eVIde￿e th91 chwty ncl
C4¥h cwh •gufv•l•nt•
ly4u￿ iftv•strnerts thot we to a wnowrt cl ￿•h WKI ore lo •n
Tr•d• cr•dllorn
Tr•J• u•d11￿8 w• p•y ft>r wv<•• In th• rrfdkn•y
cours• ol bu¥irE$8 Irr*n swpliws. Accwrts pay*kn w• ag cu￿￿1 rf the charty
does r￿1 uncor¥Jrtional r¥M. at the end d the ref￿n9 pfKxI. to dder get11en￿ (rf the
edrtor fty 8t loa$t months *l•r th• r•r•)riry dale. 11 thwe 4 ￿ tncondilMX)al rYJhl lo d•l•r
prct4*Jb. net and Ihe amo(ml dLAry on rTAI￿ptwI W rwni••(l u a
pay*l• XKI gvnilar thwge9.
Bmiings •re classlfied 05 currerrt Will*s unkns ihè chwty h•• ￿ ￿￿￿111#>￿1 rWI to d
tueft*￿ ol the li•blty lor •t l•a•l morth• after the rwing date.
Fund •tiu¢iur•
Un￿lI￿￿d are genw* fu￿ th•1 Mil•* lty At th• tnAtthM'i In
fUrthernn￿ d the c*Jocllve8 of th• ch
R••trthl wK¢Yne fvrKli dw4rt•d fof ￿ in • P￿1￿ ar•• or Pu￿. th•
Pwe 14

K.C.U. Ltd
Notes to th• Financial Stat•m•nts for th• Y￿r End•d 31 March 202S
FIMn¢lal In•tiuni•iits
Fwwnc41 h'abifths arn¥ Iwuty Instruments ar• ¢I￿￿Ned xctydrq lo th¢ qthlMce of Ihv c<Ythth*l
¥r¥o￿an13 •nt•f•d fflto. An equty is c¢ntrxt erfwjwces a r•S1th￿ ￿t￿e$l In
the 00get• (rf the tharty ￿r d•duclry dl ol Is Il*)Il**
sls). exc* thom firNgrKial Bs*lg cI85sffjRd 8$ al lar valL* throL4h PfrArt or k$8s. •hthlch a
inibBIty meawred at taff (¥fyhth li norm* the tr•nSi¢tK￿ prK• excknlirv tr8ns8ctK•n colts),
lou lh• arrary￿•nl c<xNtrtule• o M an cfrtrtutm • fin•nwJ
transxkn, fina￿￿ •ss•t or fl￿1￿&•1 bablty ij Me￿[*d & the We￿nI vth• d lh•
Fwwncwl amets arK1 we off￿¢ ln th• sW•ii•nt cl fin•ncMI po•*i¢x *KI
th•r• •xlsls a ltyalty •r*orc•th righl lo set crfl Ihe recogntsed ¥nounts ar#J Ihe ch¥ty Ira•ndB
•rth•f to Mlll• M 4 r￿ bo91•. QY to rea&•e the aJset s•ttl• the l• Simulweo￿ly,
Fin•Klal as%ts are defecowised when Mly th a) the conlraclual rwg to the cagh Ib
from thè financ41 ass•t expr• ￿ ar• b) the dwty to party i￿Stant￿llY
P49• 15

ILC.U. Ltd
Nots8 to th• Flnanclal Stat•m•nt• lor th• Ymr End•d 31 PA•rch 2025
the ￿1¥• IniwMI rneihod..
(•) Th• c￿tra￿lI1 rel￿ to lh+ h+)Idef 19 ffl a fwed amount.. {Ih a pos11r￿ fixed rnl• or a Fo8lK•
varith rate: or (iii) a ccmbinalim ol a pNth• cy • I￿ad ar#a 8 P¢)$rt￿ rate.
(b) conlraci may provKl• for T•P•Tn•rts c4 lh• pMcp•l ￿ Ihe felLxn to Ilhl holder (bul nol b(th)
t¢ be Inked lo a relev•tt ￿8￿¥￿Ie irMJex ol crf th• cwr•ncy n wtKh t
dobt mstrum￿lIa Oernmln•lthl. s￿h Ilr*i •r• ￿.
the inilrumwrt. prry¥Kled thot (II the rale (a) th• varwlth li ¢¢nlW
future ennts othw than {11 a thang• al • r*•, (2) to protecl the h￿der
•JawY4t credl dderWJratl￿ of the iJ•uer. {3) cher¥Jes in by a c•1i￿ b￿K crf wt4lTrJ
Irtjn chang•s In r•l8v•rt or l•wf. or l¥l rate li a mwkel fale of intsr•st arnl Iatffjl
(•),
wt to Ihe bBlty• moturty we fvtur• •v•nl•. +)ther thgn to prcrtecl Ihe
Id•r ag•nst th• d•t•rMyth of the asuef or • ¢h*vJ• •i ¢￿tsc4 01 Iho Issu•r, (¥ lo pr￿•¢1
the holder or *8uw aga4￿ l•v* •iplknd by • c•rKrnl bwk ty ￿.91￿ frm ¢h¥yp•
1ob•fy of porwm {&) to (¢}.
L)ebl n$tr￿lents that we dassrfffjd 88 pay*lo w r•ctr¥abl• wthin on wil￿1 wrtion aFMI
ar• rn•asur•d al f•r v￿0 through profrt or h)M.
c￿1 (whlch may be rnl) fftp•lmi•nl.
shw•2 ar• ￿trAIt￿ Iradthl of th•k lair vakn• rt r•kats￿ m•asur*)lel are m&qsured at vabje
8Ltsitharn8 KqL4red ICK coM*derati￿ shar88 waltyng loi mwger roh81, cosl
l• mDawr•d by ral•f•nc• to lh• n(xninal <rf tho sharEs is5￿1 ￿u8 foir of
Pa9• 16

ILC.U. Ltd
Not•8 to th• Fin•ncl￿ Stst•m•nts lor th• Ymr End•d 31 MJfch 2025
The charty u$es tJe¢Thi*TQ fwtanc4al knstrwn•ts io oxFxJsur• lo forBYJn •xchange rigk and
•rter8st ral• movwnants. Th• ch¥ty nol holJ or i08[* dwr4*ve financial m8tft*ii8nts fr>r
b2•wW r•m•asur•d to Imlf l•r ￿￿• at rwiry dalé. Tho muknig galn or I•
r¢¢ognig•J in ¥latemth of xlivths ynm•dot•ty unles• thè dwi￿r￿e w *nated arrtt
1oCtNo as a h•dgilVJ mStnAn•fL In ewrt timing crf the in slatwn•ffl ol firwc•l
a S￿rtI￿1 IV d time sinc• t￿ tr•1sxlM￿ t(x)k p*e. ff tho rrt¥k•l li Trx ath4• •rKI rocw
Total
202S
Tolal
2024
fvnd•
23.859
19.370
43229
19.370
43.229
Total
25
T￿1
2024
lund•
128,525
NNC FFS3
6T.201
OT.201
Natonal L¢Xlwy . IT
Oih•r. Dbnty kn Cn
18,708
5L¥I
25,OC¥)
45.253
6,788
45,253
5,788
Oth•r
11,723
PwJ• 17

LC.U. Ltd
Nots8 to th• Flnanclal Stat•ments for th• Ymr End￿ 31 March 2026
funds
Total
2024
fvnd•
25
8,178
41,185
47.363
Wwrn SpKe•
Cows• SLVPQrt FuTrJ
D•￿￿h1 Centr•
2.746
57219
166.276
213.495
fund•
T•)¢•l
2025
Tolal
2024
13•n•r•l
3.874
Total
2025
Tolal
2024
lundj
117.010
118,270
110.416
Allc¢ated $wyxl
120,943
80.898
126.835
98.917
64.448
16.250
19).465
tivity
Gf•nt
ufid•rtak￿ lurmllry ol
•ctfvtty
319.911
336.188
2025
2024
117,010
118.270
14,191
2,469
3.742
110,416
14,067
Te*Fth
129
3,742
925
1,198
6233
53
Vcamtew & Slaff Trainl
D8S Check8
8.642
111.￿5
9,642
120,943
9,007
128,835
Ptyo 18

C.U. Ltd
Not•• to th• Flnancial Statsm•nt• for th• Ymr End•d 31 March 2025
Giant
undertaken furKllry ol
dl
Total
2028
Totsl
2024
3,427
21.692
Prknms R•nt a Rotyn Hir•
12.953
3.S41
3,237
16,1&XI
5,824
Equlpiiwt . InchA￿9 Conput
Rwrs and
B•rt( •ThJ olh•r Charp88
19.272
239
87
2,592
816
11
10.T20
Inwr•K•
Helt, Lwtiiwj. clo￿￿9
IndeperwJ•nl Ex•nlnallon. IrfKI
1,574
10.412
1.$14
10.412
1,5
130
3.775
311
190.465
319,911
.188
£1*).485 (2024 . £124.847) rf the *)ove f*as *I*￿•bIl Io Im6trrW funds w¥J
£129,44612024 - £211.321) Io f•*kl•d fund•.
7 Slaff costs
202
2024
Wag•s sakwwjs
Sc¢*1 sKurty colts
112,149
3,9WJ
2,131
118270
105.623
2.953
110418
io th• trusw•8 £M (2024., £M>.
P•9• 19

K.C.U. Ltd
Not•• to th• Flnancial Stst•m•nt8 for th• Y•ar Endod 31 March 2026
• T•x•t
Furnlhtr•
Total
At 1 Awll 2024
At 31 Marth 2025
35.331
36.331
35,331
O•pr•¢l•il
At 1 Aprl 2￿4
ChwBe
At 31 Mart* 2025
35.136
48
35.1
35.184
M•t book valu•
At 31 Mwch 2025
147
147
At 31 Mwch 2tr24
10 D•bl0rn
25
2024
Oth•r d•tAorn
16,514
6,734
11 Cmdllorn: rnnts hllng du• wlthln ¢Xbe yow
2024
1.838
4.453
7419
Pago 20

LC.U. Ltd
Not•s to th• Fin•ncW Stat•m•nts for th• Y•ar Endod 31 March 2026
12 Fund•
1 Apro In￿M￿9 R••ourt••
31 Il•r¢h
(115.T29)
(84.952) I￿.465
(69.&JS)
(79,821)
1119,7C6>
(84,9W 1Y),465
129.446
(89,8(K51
(83,798)
145 594
tricl•d funds
Totsl lund•
288.705
319.911
229.392
Bal•nc• at
B•l•nc• at 1 Ineoffllng R••ourc•• 31 M4
2024
{152.833)
1219C
(91.720)
257 414
124.847
{119,7CO)
168999
RMlrfct•d I￿￿1•
211.321
Tot•1 fund•
275,739
288,705
lj An4y¥l* al n•1 ••••ts b•tw••n fvTrd•
fund•
G•n•rnl
fund•
T(tsl lund•
(147)
(89,441)
(14n
{235,035)
Cunent
Curfwtt Ith.1*￿8
{145,594)
83,798
145 594
229,392
Pty• 21

C.U. Ltd
Not•• to the Flnanclal Stat•m•nts for th• Y•ar Endéd 31 March 2025
14 Anw of n•t fvnd•
At 31 Idwch
At I WI 2024 C••h l*)w
C••b at bw1(
289.195
(70.874)
218,521
289.195
(70.6741
218,521
Po90 22