Company No: 08147905
Charity Registered Number: 1149856
THE KAYS FOUNDATION
(COMPANY LIMITED BY GUARANTEE)
CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
CHAMBERLAINS UK LLP
Chartered Accountants & Statutory Auditors
173 Cleveland Street
London
W1T 6QR

THE KAYS FOUNDATION
CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
CONTENTS
Reference and Administrative Details
Trustees' Report
Independent Auditors' Report
Consolidated Statement of Financial Activities
Consolidated Statement of Financial Position
Company Statement of Financial Position
Consolidated and Charity Statement of Cash Flows
Notes to the Financial Statements
1
2-5
6-9
10
11 - 12
13
14
16 - 24

Status
Company Number
Charity Number
Registered Office
Directors / Trustees
Auditors
Administrators
Bankers
THE KAYS FOUNDATION
CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
REFERENCE AND ADMINISTRATIVE DETAILS
The Kays Foundation is a company limited by guarantee, incorporated on
18 July 2012 and registered as a charity on 21 November 2012.
08147905
1149856
173 Cleveland Street
London
W1T 6QR
Mr PN Nathwani
Mr M G Gudka
Mr MN Nathwani
Mrs S M Kanani
Mr TM Kabuga
Mr M M Gudka
Mr K P Nathwani (31 March 2025)
Chamberlains UK LLP
Chartered Accountants & Statutory Auditors
173 Cleveland Street
London
WIT 6QR
The Trust Partnership Ltd
6 Trull Farm Buildings
Tetbury
Gloucestershire
GL8 8SQ
Habib Bank AG Zurich
Habib House
42 Moorgate
London EC2R 6JJ
CAF Bank Ltd
25 Kings Hill Avenue
West Malling
Kent
ME19 4JQ
Page 1

THE KAYS FOUNDATION
CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
TRUSTEES' REPORT
The trustees, who are also the directors of the Foundation for the purposes of company law, are pleased to present their
report and the consolidated financial statements of the Kays Foundation for the year ended 5 April 2025.
Structure, governance and management
Governing document
The Foundation is a charitable company limited by guarantee, incorporated on 18 July 2012 and registered as a charity
Recruitment and training of trustees
The directors of the company are also charity trustees for the purposes of charity law. A new trustee is appointed by a
resolution of the board of trustees.
Induction and training of the trustees is done by providing them with the Articles and Memorandum of Association, the
latest set of accounts and various reading up references. If needed, special training sessions can be arranged with the
existing trustees to provide guidance.
The trustees consider the board of trustees to be the key management personnel of the charity in charge of directing and
controlling, running, and operating the charity on a day-to-day basis.
Public Benefit Statement
In accordance with the Charities Act 2011, the trustees confirm that they have given due consideration to the Charity
Commission Public Benefit Guidance as required by Section 4 of the Charities Act 2011.
Objectives and activities
The charity's objects are specifically restricted to the following:
The advancement of such charitable purpose or purposes and/or the support of such charitable institution or institutions
in any part of the world as the directors of the company in their absolute discretion from time to time select, and in such
manner as the directors of the company from time to time determine.
During the year, the Foundation made donations totalling £545,657 (2024: £150,000) to the following charities and is
described as below: -
The Arsenal Foundation (£150,000) - The donation relates to the 'Coaching for Life' program at the Za'atari Refugee
Camp in Jordan (in partnership with Save the Children). The funds will be used for coaching children by recruiting coaches
and enrolling children and building relationships for underprivileged children through sport.
Jalaram Medical Services Centre (£50,000) — The grant provides underprivileged communities with top-notch medical
services that are at par with international standards including a comprehensive day care program.
Medair UK (£133,657) - The grant provides human and material resources in support of the multisectoral relief and
recovery projects coordinated by Medair. This is a humanitarian organisation, inspired by Christian faith, to relieve human
suffering in some of the world's most remote and devastated places. Medair helps families in crisis, regardless of race,
creed or nationality, survive and recover with dignity.
Flipflopi Project Foundation (£30,000) - The grant provides a pioneering circular solution to avoid plastic pollution and
together with the community, manufacturing furniture and boats rooted in local heritage bringing economic returns and
employment to the community. The vision of this Kenyan based foundation is to end single-use plastics and ensure all
other plastics are part of circular economy.
Page 2

THE KAYS FOUNDATION
CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
TRUSTEES' REPORT
(continued)
Objectives and activities (continued)
Help Change Lives (£50,000) - The grant helps very vulnerable people around the world in the following ways: through
e advancement of education with the aim of reducing poverty, provision of food, water, clothing, shelter, health ai
ad income generating opportunities to underprivileged persons, and contributing to social and economic developme
Disaster Emergency Community (DEC) (£100,000) - The grant brings together 15 of the UK's leading humanitarian
Embrace The Street Child (£32,000) - The grant rescue street children below 16 years old from a street life of addiction,
abuse, and hopelessness by inviting them to stay at their centre. The centre rehabilitates them through a variety of
programs including counselling, Bible lessons, remedial academic work, sports, crafts and introduction to useful
life/vocational skills. Their basic needs of food, shelter, clothes, medical care and hygiene are met at the centre. The
grant reintegrates the children back into their families and communities. Through ongoing follow-ups, the centre
empowers them with the physical, spiritual and emotional tools they need to ensure long term success.
Achievements and performance
During the year to 5th April 2025, the Foundation continues its approach to support various charitable causes.
In addition, the Foundation continues to focus on making investments to improve outcomes for all young people in Kenya,
its attention focusing on the early childhood life-stage (defined as 'conception to 5 years old").
Furthermore, during the year, the Foundation has continued to engage with philanthropic consultants and has sought
guidance and advice from specialist charity solicitors. The trustees feel that the use of bringing expert external advice
enables the Foundation to deliver its charitable aims and continues to strengthen its internal governance structure.
Going concern
The trustees believe that due to the availability of reserves, there are no material uncertainties about the charity's ability
to continue for at least the next 12 months from the date of this report. For this reason, they continue to adopt the going
concern basis in preparing the financial statements.
Risk management
The Trustees recognise that there are risks to which the Charity is exposed. The Trustees keep all major risks to the
organisation under regular review and this is seen as integral to the achievement of our strategic goals. The trustees are
satisfied that we have a formal review in place and consider new and emerging risks and through their day-to-day
activities the staff are encouraged and guided to ensure the risk management processes are effectively implemented
Systems have been established to mitigate known risks, including financial controls, employment procedures,
agreements with partners and volunteer training. The Trustees keep proper accounting records and take reasonable
steps for the prevention and detection of fraud and other irregularities. Health and safety, equal opportunities and quality
standards are prioritised. Records and archives are securely stored, and electronic data carefully protected.
Related party
The charitable company holds 100% shares in Port Perry Investments Limited, a company registered in the Isle of Man.
Page 3

THE KAYS FOUNDATION
CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
TRUSTEES' REPORT
(continued)
Reserves policy
Level of reserves is reviewed annually by the trustees.
Financial review
The consolidated Statement of Financial Activities (SOFA) on page 10 shows a net decrease in funds for the year of
£882,456 (2024: £1,500,682). The SOFA shows the financial activity of the group distinguishing between endowment
capital and unrestricted funds and shows the results for the year. At the balance sheet date, the group had net assets of
£28,705,886 (2024: £29,588,342).
Plans for future periods
The trustees of the Foundation are committed to continually listening and learning in order to ensure they are investing
to achieve maximum impact. This will involve an ongoing process of research into the chosen area of focus, continual
development of the network of peers, and an evaluation of how the Foundation's funds can be best invested to create
lasting impact.
Trustees responsibilities in relation to financial statements
The trustees, who are also directors of the Foundation for the purpose of company law, are responsible for preparing the
Trustees' Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year and not approve the financial
statements unless they are satisfied that the financial statements give a true and fair view of the state of the affairs of the
charitable company and the group as at the balance sheet date and of its incoming resources and application of
resources, including income and expenditure, for the year then ended.
In preparing those 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 sound judgements and arrive at estimates that are reasonable and prudent;
•
prepare the financial statements on the going concern basis unless it is inappropriate to assume that the
charitable company will not continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any
time the financial position of the company and enable them to ensure that the financial statements comply with the
Companies Act 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of the company
and taking reasonable steps for the prevention and detection of fraud or other irregularities.
Page 4

THE KAYS FOUNDATION
CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
TRUSTEES' REPORT
(continued)
Aach of the persons who is a trustee at the date of approval of this report confirms that:
• so far as they are aware, there is no relevant audit information of which the charitable company's auditor is
unaware; and
• they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant
audit information and to establish that the charitable company's auditor is aware of that information.
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies
exemption.
On behalf of the trustees
Khilen Nathwani (Dec 19, 2025 10:33:21 GMT)
Mr. K P Nathwani
(Director)
Date:
17 December 2025
Page 5

THE KAYS FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE KAYS FOUNDATION
YEAR ENDED 5 APRIL 2025
Opinion
We have audited the consolidated financial statements of The Kays Foundation (the 'parent charity') for the year endec
5 April 2025 which comprise the Consolidated and Charity statement of financial activities, group statement of financial
position, cashtlow statement and the related notes, including a summary of significant accounting policies. The financia
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accountin
Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• give a true and fair view of the state of the charity's affairs as at 5 April 2025 and of its incoming resources and
application of resources, including its income and expenditure, for the year then ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
• have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act
2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law.
Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the
financial statements section of our report. We are independent of the charity in accordance with the ethical requirements
that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have
fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we
nave obtained is sutticient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you
where:
• the trustees'
use of the going concern basis of accounting in the preparation of the consolidated financial
statements is not appropriate; or
• the trustees' have not disclosed in the financial statements any identified material uncertainties that may cast
significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a
period of at least twelve months from the date when the financial statements are authorised for issue.
Other information
The other information comprises the information included in the annual report, other than the financial statements and
our auditor's report thereon. The trustees are responsible for the other information. 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 thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing
so, consider whether the other information is materially inconsistent with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether there is a material misstatement in the financial
statements or a material misstatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Page 6

THE KAYS FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE KAYS FOUNDATION
(continued)
YEAR ENDED 5 APRIL 2025
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees' report for the financial year for which the financial statements are prepared
is consistent with the financial statements; and
• the trustees' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we
have not identified material misstatements in the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the
Charities Act 2011 requires us to report to you if, in our opinion:
• adequate accounting records have not been kept, or returns adequate for our audit have not been received from
branches not visited by us; or
• the financial statements are not in agreement with the accounting records and returns; or
• certain disclosures of trustees' remuneration specified by law are not made; or
• we have not received all the information and explanations we require for our audit; or
• the trustees were not entitled to prepare the financial statements in accordance with the small companies regime
and take
advantage of the small
companies' exemptions in preparing the directors' report and from the
requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes
of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a
rue and tair view, and for such internal control as the trustees determine is necessary to enable the preparation o
inancial statements that are free from material misstatement, whether due to fraud or error
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going
concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting
unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do
SO.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under Section 151 of the Charities Act 2011 and report in accordance with the Act
and the relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
decisions of users taken on the basis of these financial statements.
Page 7

THE KAYS FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE KAYS FOUNDATION
(continued)
YEAR ENDED 5 APRIL 2025
Auditor's responsibilities for the audit of the financial statements (continued)
Irregularities, including fraud are, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misstatement in respect of irregularities, including frauc
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below
• we obtained an understanding of the group and parent charity and the sector in which it operates to identif
laws and regulations that could reasonably be expected to have a direct effect on the financial statements. We
obtained our understanding in this regard through with trustees and management, industry research and
experience of the sector.
we determined the principal laws and regulations relevant to the group and parent charity in this regard to be
those arising from the Charities Act 2011, the Companies Act 2006 for the subsidiary as well as relevant tax
employee legislation.
• we designed our audit procedures to ensure the audit team considered whether there were any indications of
non-compliance by the group and parent charity with those laws and regulations. These procedures included
but were not limited to enquires of management and review of minutes.
• we also identified the risks of material misstatement of the financial statements due to fraud. We considered, in
addition to the non-rebuttable presumption of a risk of fraud arising from management overrise of controls, that
the valuation of investments to be an area of risk.
• as in all of our audits, we addressed the risk of fraud arising from management override of controls by performing
audit procedures which included, but were not limited to the following: -
the testing of journals;
reviewing accounting estimates for evidence of bias; and
evaluating the business rationale of any significant transaction that is unusual or outside the normal
course of the business.
• the engagement partner also ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; and
• enquiries were made of management and the Trustees, including consideration of known or suspected
instances of non-compliance with laws and regulations and fraud.
Page 8

THE KAYS FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE KAYS FOUNDATION
(continued)
YEAR ENDED 5 APRIL 2025
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism
throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting fror
raud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions
misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the trustees.
• Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on
the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast
significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty
exists, we are required to draw attention in our auditor's report to the related disclosures in the financial
statements or, it such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our auditor's report. However, future events or conditions mav cause the
charity to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures.
and whether the financial statements represent the underlying transactions and events in a manner that
achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of
the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charity's trustees', as a body, in accordance with section 144 of the Charities Act 2011
charity's trustees' as a body, for our audit work, for this report, or for the opinions we have formed.
Chamberlains
Chamberlains UK LLP
Chartered Accountants & Statutory Auditors
173 Cleveland Street
London
W1T 6QR
Date:
17 December 2025
Page 9

THE KAYS FOUNDATION
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 5 APRIL 2025
Endowment Unrestricted
Capital
Income
Fund
Funds
2025
2025
Total
Group
Funds
2025
INCOMING RESOURCES
Donations and legacies
Investment Property Rental Income
Investment Income
Bank Deposit Interest
Total Incoming Resources
RESOURCES EXPENDED
Charitable Activities
Cost of Generating Funds
Governance Costs
NET INCOMING RESOURCES
Net (Deficit) / Income for the year
Gains/(loss) on Disposal Fixed Assets
Foreign exchange gains/(losses)
Investment Revaluation gains/(losses)
Financial Instruments gains/(losses)
Provision against loan balance
Net Movement in Funds
Notes
ENDOWMENT CAPITAL FUND &
REVENUE RESERVES
Brought forward
Funds at 5 April 2025
2
2
2
За
3b
4
12
12
12
-
(53,255)
(5,510)
(342,846)
(82,324)
(483,935)
26,613,480
26,129,545
-
788,974
298,232
287
1,087,493
545,657
786,100
154,257
1,486,014
(398,521)
(398,521)
2,974,862
2,576,341
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
-
788,974
298,232
287
1,087,493
545,657
786,100
154,257
1,486,014
(398,521)
(53,255)
(5,510)
(342,846)
(82,324)
(882,456)
29,588,342
28,705,886
The notes on pages 16 to 24 form part of these financial statements.
Page 10
Total
Group
Funds
2024
-
809,950
366,743
46
1,176,739
150,000
1,045,702
138,913
1,334,615
(157,876)
(21,006)
(9,614)
(512,834)
437,490
(1,236,842)
(1,500,682)
31,089,024
29,588,342

THE KAYS FOUNDATION
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
YEAR ENDED 5 APRIL 2025
GROUP
2025
€
2025
9,495,000
20,543,315
1,439,891
31,478,206
GROUP
2024
Notes
FIXED ASSETS
Tangible assets
Investments
Programme related investments
5
6
7
CURRENT ASSETS
Debtors
Cash at Bank and in Hand
8
CREDITORS
Amounts falling due within one
year
10
NET CURRENT LIABILITIES
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS: AMOUNTS FALLING DUE
AFTER ONE YEAR
Bank loan
10
NET ASSETS
THE FUNDS OF CHARITY
Endowment Capital Fund
Corporate Revenue Reserves
12
TOTAL FUNDS
2024
10,140,000
21,383,642
1,459,254
32,982,896
343,582
752,083
1,095,665
586,485
586,485
266,945
745,419
1,012,364
548,306
548,306
509,180
31,987,386
464,058
33,446,954
(3,281,500)
28,705,886
26,129,545
2,576,341
28,705,886
(3,858,612)
29,588,342
26,613,480
2,974,862
29,588,342
The notes on pages 16 to 24 form part of these financial statements.
Page l1

THE KAYS FOUNDATION
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
YEAR ENDED 5 APRIL 2025 (continued)
The consolidated accounts have been prepared as required by the Charities Act 2011 and in accordance
with the requirements of the Companies Act and with applicable financial reporting standards.
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies' regime.
The financial statements were approved and authorised for issue by the Trustees on 17 December 2025 and
signed on their behalf by:
Khilen Nath wani (De 19, 2025 10:33:21 GMT)
Mr. K P Nathwani
(Director)
The notes on pages 16 to 24 form part of these financial statements.
Page 12

THE KAYS FOUNDATION
COMPANY STATEMENT OF FINANCIAL POSITION
YEAR ENDED 5 APRIL 2025
COMPANY
2025
2025
COMPANY
2024
2024
Notes
FIXED ASSETS
Investments
Programme related investments
16,310,719
1,439,891
17,750,610
17,562,609
1,459,254
19,021,863
CURRENT ASSETS
Debtors
Cash at Bank and in Hand
9
10,875,155
107,054
10,982,209
10,120,933
472,262
10,593,195
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
11
26,933
26,716
TOTAL NET ASSETS
10,955,276
28,705,886
10,566,479
29,588,342
THE FUNDS OF CHARITY
Endowment Capital Fund
Corporate Revenue Reserves
19,239,374
17,739,458
9,466,512
11,848,884
TOTAL FUNDS
29,705,886
29,588,342
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies' regime. The company was entitled to exemption from audit under Section
477 of the Companies Act 2006 relating to small companies, but as this company is a charity it is subject to
audit under the Charities Act 2011.
Directors' responsibilities:
The members have not required to obtain an audit of its accounts for the period in accordance with
Section 476 of the Companies Act.
• The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of accounts.
The financial statements were approved and authorized for issue by the Trustees on 17 December 2025 and
signed on their behalf by:
Shilen Nathwani (Dec 19, 2025 10:33:21 GMT)
Mr. K P Nathwani
(Director)
The notes on pages 16 to 24 form part of these financial statements.
Page 13

2024
Cash flows from operating activities:
Net (expenditure)/income for the reporting period
Net(gains)/losses on investments
Foreign exchange movements in investments
Add: Non-operating investment management cost
Less: Non-operating investment income reinvested
Decrease/(increase) in trade and other receivables
(Decrease)/increase in trade and trade payables
Net gains/(losses) on disposal of investment
Net cash from/(used in) operating activities
Cash flows from investing activities
Proceeds from sale of tangible assets
Purchases of other investments other than loans
Proceeds from sale of investments
Net cash from/(used in) investing activities
Bank loan and overdrafts
Amount from creditors amounts due for more than
one year
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
THE KAYS FOUNDATION
CONSOLIDATED AND CHARITY
STATEMENT OF CASH FLOWS
YEAR ENDED 5 APRIL 2025
GROUP
2025
€
(1,876,431)
836,837
(3,009)
909,249
(76,640)
38,182
(73,066)
(244,878)
(3,532,506)
394,070
26,182
842,339
(1,057,426)
1,343,322
(1,984,019)
660,000
300,758
(14,092,737)
(13,131,979)
13,383,521
13,383,521
6,664
745,419
752,083
1,093,564
(12,506,359)
(11,412,795)
13,784,812
13,784,812
387,998
357,421
745,419
Page 14
COMPANY
2025
2024
(882,456)
1,050,353
1,277
768,044
(1,289)
217
936,146
(1,500,679)
1,691,252
17,898
761,460
(1,101,461)
617
(130,913)
(1,301, 355)
(1,301,355)
-
:
(365,209)
472,262
107,054
1.023,622
(468,343)
555,279
-
:
424,366
47,896
472,262

The notes on pages 16 to 24 form part of these financial statements.
Page 15

THE KAYS FOUNDATION
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
1a. General Information
The charity is a private company limited by guarantee, registered as a charity in England and Wales. The address of
the registered office is 173 Cleveland Street, London, WIT 6QR
1b. Principal Accounting Policies
Statement of compliance
The consolidated accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Advantage has been taken of paragraph 3(3) of Schedule 4 of the Companies Act 2006 to allow the format of the financial
statements to be adapted to reflect the special nature of company's operations as a charity.
Reconciliation with previous Generally Accepted Accounting Practice
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102
and the Charities SORP the restatement of comparative items was required.
Preparation of accounts on a going concern basis
The trustees believe that due to the availability of reserves, there are no material uncertainties about the charity's ability
to continue for at least the next 12 months from the date of this report. For this reason, they continue to adopt the going
concern basis in preparing the financial statements.
Group financial statements
The financial statements consolidate the results of the charity and its wholly owned subsidiary, Port Perry Investments
Limited on a line-by-line basis. A separate Statement of Financial Activities and Income and Expenditure Account for the
charity has not been presented because the charity has taken advantage of the exemption afforded by section 408 of
the Companies Act 2006.
Critical accounting judgements and estimates
In preparing these financial statements, management has made judgements, estimates and assumptions that affect the
application of the charities accounting policies and the reported assets, liabilities, income and expenditure and the
disclosures made in the financial statements. Estimates and judgements are continually evaluated and are based or
historical experience and other factors, including expectations of future events that are believed to be reasonable under
The particular accounting policies adopted are set out below.
Accounting convention
The financial statements are prepared under the historical cost basis as modified by the revaluation of certain financial
assets and liabilities and investment properties measured at fair value through income and expenditure,
The financial statements are prepared in sterling, which is the functional currency of the entity.
Incoming resources
All incoming resources are recognised once the charity has entitlement to income, it is probable that income will be
received, and the amount of income receivable can be measured reliably. The following specific policies are applied to
particular categories of income:
Page 16

THE KAYS FOUNDATION
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
1b. Principal Accounting Policies (continued)
Rental income is recognised when due.
Donations are recognised when gift is made.
Where donations are received otherwise than in cash, they are valued at the market value of the underlying
assets as at the date of gift, as required by the Charities SORP.
Recognition of liabilities
Liabilities are recognised on accruals basis in accordance with the Charities SORP.
Resources expended
Charitable expenditure
Charitable expenditure includes all expenditure directly related to the objects of the charity and comprises the following;
Cost of generating charitable activities
The cost of generating charitable activities includes charitable payments made and any related support costs for making
such payment.
Governance cost
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity
and include the audit fees and costs linked to the strategic management of the charity.
Unrealised and realised gains
Realised gains and losses are included in the accounts on the date at which a contractual obligation is entered into.
Unrealised gains and losses are computed by reference to the market value of the investments at the balance sheet
date, compared to the brought forward cost or valuation, and gains and losses arising on similar categories of investments
are netted off.
Taxation
The company is a registered charity and as such is entitled to the exemption from tax to the extent that the income falls
within section 505 ICTA 1988 and section 256 CGTA and is applied for charitable purposes only. Value Added tax is not
recoverable by the company and is therefore included in the relevant costs in the Statement of Financial Activities.
Finance and operating leases
Rentals payable in respect of operating leases where substantially all the benefits and risks of ownership remain with the
lessor are charged to the Statement of Financial activities as incurred.
Finance leases are accounted for in accordance with the requirements of FRS 102.
Investments
Listed and other marketable investments which are included within current assets are measured at fair value with changes
in fair value being recognised. Other unlisted equity investments included within fixed asset investments are initially recorded
at cost, and subsequently stated at cost less any accumulated impairment losses.
Profits and losses on the realisation of investments are shown as realised gains and losses in the Statement of Financial
Activities. Realised gains and losses on investments are calculated between sales proceeds and their opening carrying
values or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are
calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised
investment gains and losses are shown in the Statement of Financial Activities under Net Incoming Resources.
Investment properties
Investments properties are shown at their fair values. Movements in the fair values of investment properties are shown as
unrealised gains and losses in the Statement of Financial Activities.
Page 17

THE KAYS FOUNDATION
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
1b. Principal Accounting Policies (continued)
Programme related investments
Programme related investments are made exclusively to further the charity's aims by funding specific activities. Equity
instruments are measured at their fair value at the reporting date if this can be measured reliably, or at cost less
impairment. Concessionary loans are either initially measured at the amount received and paid and then adjusted in
subsequent years to reflect repayments, interest and any impairment, or they are initially measured at the fair value and
subsequently at their amortised cost using the effective interest method.
Programme related investments that are measured at cost or amortised cost are assessed for objective evidence of
impairment at the end of each reporting period. Any impairment losses are recognised immediately as a cost within
'expenditure on charitable activities' in the statement of financial activities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is
provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future
payments or a cash refund.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any
trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three
months or less from the date of acquisition or opening of the deposit or similar account.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic
financial instruments, including trade and
other debtors and creditors are initially recognised at transaction value and
subsequently measured at their settlement value.
Funds
Unrestricted funds are donations and other income receivable or generated for the objects of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are those funds which are to be used in accordance with specific instructions imposed by the donor or trust
deed.
Related party transactions
by a member of that group.
Foreign currency translation
The charities functional and presentation currency is pound sterling. Monetary assets and liabilities denominated in
foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in
foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are recognised in the
SOFA.
Legal status
The Kays Foundation is a company limited by guarantee and has no share capital. In the event of the charity being wound
up, the liability in respect of the guarantee is limited to £10 per member of the charity.
Page 18

THE KAYS FOUNDATION
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
2. Incoming Resources
Investment Property Rental Income
Investment Income
Bank Deposit Interest
3a. Charitable Activities
Grant making
Charity and Group Total
3b. Cost of Generating Funds
Estate Management Costs
Insurance
Property management fees
Letting Fees
Administration expenses
Directors salaries & NI
Sundry expenses
Travel and subsistence
Legal Fees
Total Estate Management Costs
Finance Costs
Financial Costs
Bank Charges
Bank Loan Interest
Investment management cost
Total Finance Costs
Group Total Cost of Generating Funds
Governance Cost
Professional Fees
Broker Fees
Accountancy Fees
Auditors' Remuneration (Charity)
Charity and Group Total
Endowment Unrestricted
Capital
Income
Fund
Funds
€
788,974
298,232
287
1,087,493
Endowment Unrestricted
Funds
Funds
:
545,657
545,657
Total Funds
2025
€
788,974
298,232
287
1,087,493
Total
2025
545,657
545,657
Total Funds
2024
809,950
366,743
1,176,738
Total
2024
150,000
150,000
-
=
:
8,720
31,285
42,913
9,066
374,502
7.064
12,081
487,796
183
597
297,524
26.100
82,330
36,327
23,300
12,300
154,257
8,720
31,285
42,913
9,066
374,502
2,061
12,081
487,796
183
597
297,524
20,00
82,330
36,327
23,300
12,300
154,257
23,403
31,707
140
19,821
616,849
17,761
711138-
543
8,116
325,925
3334,584
1,045,702
100,313
26,000
12,600
138,913
Page 19

THE KAYS FOUNDATION
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
5. Group Tangible Fixed Assets
6.
Investment
At Fair Value
Properties
6 April 2024
10,140,000
Additions
Disposal
(660,000)
Revaluation
15,000
5 April 2025
9,495,000
The fair value of the investment properties has been arrived at by adjusting for any movements as deemed
appropriate by the directors to 5 April 2025 by reference to a professional valuation carried out. No depreciation or
amortisation is provided in respect of these properties. The historical cost of these investment properties amounte
• £10,938,015 (2024: £11,196,910) at the balance sheet date
Investments
Group Investments
Unlisted Investments
Shareholding
At 6 April 2024
Additions/transfer
Disposal/other movement
(a)
Loan Advances
At 6 April 2024
Advanced in the year
Repaid in the year
At 5 April 2025
Total unlisted investments held
at cost as at 5 April 2025
(b)
(a+b)
Listed investments
At 6 April 2024
Net Cash injection during the year
Movement in cash balances
Movement in fiduciary deposits
Movement in shares / bonds
Movement in time loans
Total listed investments held at
fair value as at 5 April 2025
(c)
Listed Investments
Other
Company
Subsidiary
Investments
€
Total
...
....
15
-
-
15
15
-
15
513,333
513,333
-
-
(5,000)
508,333
508,348
-
(5,000)
508,333
508,348
2,023,388
18,846,906
-
20,870,294
(13,917)
(13,917)
(307,137)
(514,273)
(821,410)
1,702,334
18,332,633
-
20,034,967
Page 20

THE KAYS FOUNDATION
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
6. Investments (continued)
Listed investments
Balance carried forward
At 5 April 2025
At 5 April 2024
Company Investments
Listed Investments
Other
Company
Subsidiary Investments
1,702,334
2,023,388
18,332,633
18,846,906
Unrestricted Endowment
Funds
Funds
€
-
15,025,875
(925,836)
508,348
1,702,332
2,210,680
14,100,039
508,348
513,348
Total Funds
Year to
5 Apr 25
€
15,025,875
(925,836)
508,348
1,702,332
16,310,719
Total
20,543,315
21,382,642
Total Funds
Year to
5 Apr 24
16,921,108
(1,895,233)
513,348
2.023,388
17,562,609
Group undertakings
(Profit)/loss on revaluation of
investment in subsidiary
undertaking
Other investments
Listed investments
Total Company investment
(atb)
(c)
Analysis of Investments
(i) Other Investments - Group and Company
Shareholding Cost of
Investments
shares
as at 5 April
2024
Company
Edinburgh Sainsbury Group
Holdings Limited
Royal Docks Hotel Group
Holdings Limited
Marine Point Group Holdings
Limited
M22 Portfolio Property Limited
Theobalds Park Property
Limited
Project Spirit Property Limited
Marine Point Freehold Group
Holdings Limited
10%
-
-
5%
5%
10%
5%
4%
-
-
10
5
-
513,333
:
(a+b)
15
513,333
Loan
Advances
(Repaid) /
advanced
-
-
(5,000)
:
(5,000)
Total
Investments
as at 5 April
2025
-
-
508,343
5
-
508,348
Page 21

THE KAYS FOUNDATION
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
(i) Listed Investments - Group and Company
he listed investments relate to portfolios held with a financial institution and it comprises of cash, listed ar
larketable investments less borrowings from the same financial institutio
The fair value of listed and marketable investments has been included within the portfolio determined with reference
to the quoted market price at reporting date.
(i) Endowment funds - Company
7. Programme Related Investments
Cost
At 6 April 2024
Additions
Other movements
At 5 April 2025
Impairment
6 April 2024 and 5 April 2025
Carrying amount
At 5 April 2025
At 5 April 2024
Social
investment
1,459,254
(19,363)
1,439,891
=
1,439,891
1,459,254
8. Group Debtors
Other Debtors
Prepayments and Accrued Income
2025
304,308
39,274
343,582
2024
235,352
31,593
266,945
Page 22

THE KAYS FOUNDATION
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
9.
Company Debtors
Other Debtors
Loan receivable from group undertaking
Prepayments and Accrued Income
10. Group Creditors
Amounts falling due within one year
2025
2024
10,863,133
10.110,200
12,022
10,733
10,875,155
10,120,933
2025
Bank Loans
Social security and other taxes
Other creditors
Accruals and deferred income
184,000
95,362
229,735
77,388
586,485
2024
184,000
52,017
232,534
79,756
517,541
The following liabilities disclosed above under creditors falling due within one year are secured by the
group:
Bank Loans
Group Creditors
Amounts falling due after more than one year
184,000
184,000
2025
Bank loans
3,281.500
3,281,500
2024
3,858,612
3,858,612
The following liabilities disclosed above under creditors falling due after more than one year are
secured by the group:
Bank Loans
3,281,500
3,858,612
11.
Company Creditors
Amounts falling due within one year
Accruals and deferred income
2025
€
26,933
26,933
2024
€
26,716
26,716
Page 23

THE KAYS FOUNDATION
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
12. Group Endowment Capital Fund
Balance brought forward
2025
2024
26,613,480
27,946,672
-
(1,236,842)
(342,846)
(512,833)
(82,324)
437,489
(5,510)
(53,255)
(21,006)
26,129,545
26,613,480
13. Auditors remuneration
2025
12,300
2024
12,600
Fees payable for the audit of the financial statements
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2025
2024
Wages and salaries
374,502
374,502
616,849
616,849
The average number of persons employed by the group during the year amounted to 1(2024: 1).
15. Related Parties
During the period, the charity has provided an interest-bearing loan to its subsidiary. The balance
outstanding at the balance sheet date was £10,863, 133 (2024: £10,110,200), and interest of £752,616
(2024: £680,710) was charged on the outstanding balance.
Done of the real are a neareral 374502 202, 815,849) by a
No other remuneration was paid to the trustees during the year (2024: £Nil).
No expenses were reimbursed to the trustees during the year (2024: £Nil).
Page 24