2025-12-31-accounts - The Knowledge Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

COMPANY REGISTRATION NUMBER: 09761656 CHARITY REGISTRATION NUMBER: 1166987

The Knowledge Foundation Company Limited by Guarantee Unaudited Financial Statements

For the year ended 31 December 2025

MACKENZIE FIELD

Chartered Accountants Hyde House The Hyde Edgware Road London NW9 6LA

The Knowledge Foundation

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2025

	Pages
Trustees' annual report (incorporating the director's report)	1 to 2
Chartered accountants report to the board of trustees on the
preparation of the unaudited statutory financial statements	3
Statement of financial activities (including income and
expenditure account)	4
Statement of financial position	5
Notes to the financial statements	6 to 11

The Knowledge Foundation

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 December 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2025.

Reference and administrative details

Registered charity name The Knowledge Foundation Charity registration number 1166987 Company registration number 09761656 Principal office and registered 4 Hill Street office London W1J 5NE The trustees S A Jones (Resigned 15 April 2025) S R Debeer G Kantas (Appointed 15 April 2025) Company secretary Mrs D Forsdick Accountant Mackenzie Field Chartered Accountants Hyde House The Hyde Edgware Road London NW9 6LA

Structure, governance and management

The Foundation is managed by a board of Trustees supported by the Secretary.

Objectives and activities

The principal objectives of the Foundation is the advancement of education in the United Kingdom and the United States of America.

Achievements and performance

The trustees continue to consider a number of causes before making further grants.

Financial review

The charity holds funds, for support of its charitable objects, the sum of US$3,453,104 derived from, principally, the £3m endowment made to the charity in 2016.

The Knowledge Foundation

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2025

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 3 July 2026 and signed on behalf of the board of trustees by:

S De Beer

S De Beer (Jul 3, 2026 13:06:50 GMT+2)

S R Debeer Trustee

The Knowledge Foundation

Company Limited by Guarantee

Chartered Accountants Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of The Knowledge Foundation

Year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of The Knowledge Foundation for the year ended 31 December 2025, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes from the charity's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the board of trustees of The Knowledge Foundation, as a body, in accordance with the terms of my engagement letter dated 8 August 2022. My work has been undertaken solely to prepare for your approval the financial statements of The Knowledge Foundation and state those matters that I have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than The Knowledge Foundation and its board of trustees, as a body, for my work or for this report.

It is your duty to ensure that The Knowledge Foundation has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Knowledge Foundation. You consider that The Knowledge Foundation is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of The Knowledge Foundation. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

MACKENZIE FIELD Chartered Accountants

Hyde House The Hyde Edgware Road London NW9 6LA

3 July 2026

The Knowledge Foundation

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 December 2025

		2025	2025	2024
		Unrestricted
		funds	Total funds	Total funds
	Note	US$	US$	US$
Income and endowments
Donations and legacies	5	82,669	82,669	–
Investment income	6	29,986	29,986	–
		--------------------------------	--------------------------------	--------------
Total income		112,655	112,655	–
		================================	================================	==============
Expenditure
Expenditure on charitable activities	7,8	1,218	1,218	–
		--------------------------------	--------------------------------	--------------
Total expenditure		1,218	1,218	–
		================================	================================	==============
		--------------------------------	--------------------------------	--------------
Net income and net movement in funds		111,437	111,437	–
		================================	================================	==============
Reconciliation of funds
Total funds brought forward		3,341,667	3,341,667	3,341,667
		-----------------------------------------	-----------------------------------------	-----------------------------------------
Total funds carried forward		3,453,104	3,453,104	3,341,667
		=========================================	=========================================	=========================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 6 to 11 form part of these financial statements.

The Knowledge Foundation

Company Limited by Guarantee

Statement of Financial Position

31 December 2025

		2025	2024
	Note	US$	US$
Fixed assets
Investments	12	3,400,988	–
Current assets
Cash at bank and in hand		127,867	3,344,374
Creditors: amounts falling due within one year	13	75,751	2,707
		--------------------------------	-----------------------------------------
Net current assets		52,116	3,341,667
		-----------------------------------------	-----------------------------------------
Total assets less current liabilities		3,453,104	3,341,667
		-----------------------------------------	-----------------------------------------
Net assets		3,453,104	3,341,667
		=========================================	=========================================
Funds of the charity
Unrestricted funds		3,453,104	3,341,667
		-----------------------------------------	-----------------------------------------
Total charity funds	14	3,453,104 =========================================	3,341,667 =========================================

For the year ending 31 December 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 3 July 2026, and are signed on behalf of the board by:

S De Beer

S De Beer (Jul 3, 2026 13:06:50 GMT+2) S R Debeer Trustee

The notes on pages 6 to 11 form part of these financial statements.

The Knowledge Foundation

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 4 Hill Street, London, W1J 5NE.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in US dollars, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

(a) No cash flow statement has been presented for the company.

(b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the statement of financial activities.

The Knowledge Foundation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

The Knowledge Foundation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

3. Accounting policies (continued)

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments

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

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

4. Limited by guarantee

The company is limited by guarantee. Every member of the charity undertakes to contribute such amount as may be required (not exceeding £10) to the charity's assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member, for payment of the charity's debts and liabilities contracted before he or she ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.

5. Donations and legacies

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		US$	US$	US$	US$
	Donations
	Donations	82,669	82,669	–	–
		============================	============================	==============	==============
6.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		US$	US$	US$	US$
	Bank interest receivable	29,986	29,986	–	–
		============================	============================	==============	==============

The Knowledge Foundation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

7. Expenditure on charitable activities by fund type

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		US$	US$	US$	US$
	Support costs	1,218	1,218	–	–
		=======================	=======================	==============	==============
8.	Expenditure on charitable activities	by activity type
			Support	Total funds	Total fund
			costs	2025	2024
			US$	US$	US$
	Governance costs		1,218	1,218	–
			=======================	=======================	==============
9.	Net income
	Net income is stated after charging/(crediting):
				2025	2024
				US$	US$
	Foreign exchange differences			87 ==============	– ==============

10. Staff costs

The average head count of employees during the year was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

11. Trustee remuneration and expenses

no remuneration or other benefits from employment with the charity or a related entity were received by the trustees; or

The Knowledge Foundation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

12. Investments

		Cash or
		cash
		equivalents
		US$
Cost or valuation
At 1 January 2025		–
Additions		3,400,988
		-----------------------------------------
At 31 December 2025		3,400,988
		=========================================
Impairment
At 1 January 2025 and 31 December 2025
Carrying amount
At 31 December 2025		3,400,988
		=========================================
At 31 December 2024		–
		=========================================
All investments shown above are held at valuation.
Creditors: amounts falling due within one year
	2025	2024
	US$	US$
Accruals and deferred income	75,751	2,707
	============================	=======================

All investments shown above are held at valuation.

13. Creditors: amounts falling due within one year

14. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
			At				At
	1	January	20			31	Decembe
			25	Income	Expenditure		r 2025
		US$		US$	US$		US$
General funds		3,341,667		112,655	(1,218)		3,453,104
		=========================================		================================	=======================		=========================================
			At				At
	1	January	20			31	December
			24	Income	Expenditure		2024
		US$		US$	US$		US$
General funds		3,341,667		–	–		3,341,667
		=========================================		==============	==============		=========================================

The Knowledge Foundation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

15. Analysis of net assets between funds

	Unrestricted	Total Funds
	Funds	2025
	US$	US$
Current assets	3,453,104	3,453,104
	=========================================	=========================================
	Unrestricted	Total Funds
	Funds	2024
	US$	US$
Current assets	3,341,667	3,341,667
	=========================================	=========================================

THE KNOWLEDGE FOUNDATION

Minutes of the Annual General Meeting held at 12.00 noon on 6 June 2025 at the registered office.

Directors present: S R Debeer (Trustee) G Kantas (Trustee) Company Secretary: Mrs D Forsdick

Statutory Notice Waived

All Members entitled to attend and vote at the meeting being personally present it was unanimously resolved:-

a) That the 14 days notice in writing provided by Section 307(1) of the Companies Act 2006 be waived and this meeting deemed to have been duly called (S.307(4)).
b) That the requirements of Companies Act 2006 be waived and that the Balance Sheet and documents referred to therein being in each member's hands be deemed to have been duly sent.

Minutes

The Minutes of the previous Annual General Meeting held on 6 June 2025 were read, confirmed and signed.

Trustees' Report and Accounts

The Trustees' Report and Accounts for the year ended 31 December 2025 were considered.

Resolutions

It was resolved:-

That the Trustees' Report and Statement of Accounts for the year ended 31 December 2025 now submitted to this meeting be received and approved.

There being no other business, the meeting closed.

S De Beer

.........................…S De Beer (Jul 3, 2026 13:06:50 GMT+2) S R Debeer Trustee

THE KNOWLEDGE FOUNDATION

Minutes of the Board Meeting held at 11.30am on 6 June 2025 at the registered office.

Directors present:

S R Debeer (Trustee) G Kantas (Trustee)

Company Secretary: Mrs D Forsdick

MINUTES OF PREVIOUS MEETING

The Minutes of the last meeting were read, confirmed and signed.

DIRECTORS' REPORT AND ACCOUNTS

The Trustees' Report and Statement of Accounts for the year ended 31 December 2025 were considered for presentation to the members and it was resolved:-

1. Trustees' Report

That the Trustees' Report be approved and signed by S R Debeer on behalf of the Board.

2. Accounts

That the Directors are satisfied to the best of their knowledge and belief that the Report and Accounts give a true and fair view of the results of the year and the state of the Company's affairs at the Balance Sheet date.

3. Accounts Approval

That the Accounts be approved and signed by the Director on behalf of the Board.

S De Beer

............................S De Beer (Jul 3, 2026 13:06:50 GMT+2) S R Debeer Trustee

Company Tax Return CT600 (2026) Version 3

for accounting periods starting on or after 1 April 2015

Your Company Tax Return

If we send the company a ‘Notice’ to deliver a Company Tax Return it has to comply by the filing date or we charge a penalty, even if there is no tax to pay.

A return includes a Company Tax Return form, any supplementary pages, accounts, computations and any relevant information. The CT600 Guide tells you how the return must be formatted and delivered. It contains general information you may need to deliver your return, links to more detailed advice and box-by-box guidance for this form and the supplementary pages. The forms in the CT600 series set out the information we need and provide a standard format for calculations.

Northern Ireland (NI)

	Put an ‘X’ in the appropriate boxes below	Put an ‘X’ in the appropriate boxes below
5	NI trading activity		6	SME
7	NI employer		8	Special circumstances

About this return

	This is the tax return for the company named above, for the period below	This is the tax return for the company named above, for the period below	This is the tax return for the company named above, for the period below	This is the tax return for the company named above, for the period below	This is the tax return for the company named above, for the period below
30		fromDD MM YYYY				35		to DD MM YYYY
		0 1 0 1 2 0	2	5			3		1	1	2	2	0	2	5
	Put an ‘X’ in the appropriate boxes below
40		A repayment is due for this return period
45		Claim or relief affecting an earlier			period
50		Making more than one return for this company now
55		This return contains estimated		figures
60		Company part of a group that		is not small
65		Notice of disclosable avoidance schemes
	Transfer pricing
70		Compensating adjustment	claimed
75		Company qualifies for SME exemption

CT600(2026) Version 3

HMRC 04/26

Page 1

About this return – continued

Accounts and computations

80 I attach accounts and computations for the period to which this return relates X
85 I attach accounts and computations for a different period 90 If you’re not attaching the accounts and computations, explain why Supplementary pages enclosed
95 Loans and arrangements to participators by close companies – form CT600A
100 Controlled foreign companies, foreign permanent establishment exemptions, hybrid and other mismatches – form CT600B 105 Group and consortium – form CT600C 110 Insurance – form CT600D 115 Charities and Community Amateur Sports Clubs (CASCs) – form CT600E X 120 Tonnage tax – form CT600F 125 Northern Ireland – form CT600G 130 Cross-border royalties – form CT600H 135 Supplementary charge in respect of ring fence trades – form CT600I 140 Disclosure of Tax Avoidance Schemes – form CT600J 141 Restitution tax – form CT600K 142 Research and Development – form CT600L 143 Freeports and Investment Zones – form CT600M 144 Residential Property Developer Tax (RPDT) – form CT600N 96 Creative industries – form CT600P

Tax calculation – Turnover


145	Total turnover from trade	£						•	0	0
150	Banks, building societies, insurance	companies and		other financial		concerns
	– put an ‘X’ in this box if you do not have a recognised turnover and have not made an entry in box 145
Income

155	Trading profits				£		0	•	0	0

160	Trading losses brought forward set	against	trading	profits	£			•	0	0

165	Net trading profits –box 155 minus	box 160			£		0	•	0	0

170	Bank, building society or other interest, and profits				£			•	0	0
	from non-trading loan relationships
172	Put an ‘X’ in box 172 if the figure in box 170 is net of carrying back a deficit from a later accounting period

CT600(2026) Version 3

Page 2

HMRC 04/26

Income – continued

175 Annual payments not otherwise charged to Corporation Tax and from which Income Tax has not been deducted £ 0 0 • 180 Non-exempt dividends or distributions from non-UK resident companies £ 0 0 • 185 Income from which Income Tax has been deducted £ 0 0 • 190 Income from a property business £ 0 0 • 195 Non-trading gains on intangible fixed assets £ 0 0 • 200 Tonnage tax profits £ 0 0 • 205 Income not falling under any other heading £ 0 0 •	0	0
	0	0

Chargeable gains


210	Gross chargeable gains	£		•	0	0

215	Allowable losses including losses brought forward	£		•	0	0

220	Net chargeable gains_–_box 210 minus box 215	£	0	•	0	0

Profits before deductions and reliefs


225	Losses brought forward against certain investment income	£		•	0	0

230	Non-trade deficits on loan relationships (including interest) and derivative contracts (financial instruments)	£		•	0	0
	brought forward set against non-trading profits
235	Profits before other deductions and reliefs – net sum of	£	0	•	0	0
	boxes 165 to 205 and 220 minus sum of boxes 225 and 230

Deductions and reliefs


240	Losses on unquoted shares	£	•	0	0

245	Management expenses	£	•	0	0

250	UK property business losses for this or previous	£	•	0	0
	accounting period
255	Capital allowances for the purposes of management	£	•	0	0
	of the business
260	Non-trade deficits for this accounting period from loan	£	•	0	0
	relationships and derivative contracts (financial instruments)

CT600(2026) Version 3

HMRC 04/26

Page 3

Deductions and Reliefs – continued

263 Carried forward non-trade deficits from loan relationships and derivative contracts (financial instruments) £ 0 0 • 265 Non-trading losses on intangible fixed assets £ 0 0 • 275 Total trading losses of this or a later accounting period £ 0 0 • 280 Put an ‘X’ in box 280 if amounts carried back from later accounting periods are included in box 275 285 Trading losses carried forward and claimed against total profits£ 0 0 • 290 Non-trade capital allowances £ 0 0 • 295 Total of deductions and reliefs – total of boxes 240 to 275, 285 and 290 £ 0 0 • 300 Profits before qualifying donations and group relief – box 235 minus box 295 £ 0 0 • 305 Qualifying donations £ 0 0 • 310 Group relief £ 0 0 • 312 Group relief for carried forward losses £ 0 0 • 315 Profits chargeable to Corporation Tax – box 300 minus boxes 305, 310 and 312 £ 0 0 • 320 Ring fence profits included £ 0 0 • 325 Northern Ireland profits included £ 0 0 • 0 0	263 Carried forward non-trade deficits from loan relationships and derivative contracts (financial instruments) £ 0 0 • 265 Non-trading losses on intangible fixed assets £ 0 0 • 275 Total trading losses of this or a later accounting period £ 0 0 • 280 Put an ‘X’ in box 280 if amounts carried back from later accounting periods are included in box 275 285 Trading losses carried forward and claimed against total profits£ 0 0 • 290 Non-trade capital allowances £ 0 0 • 295 Total of deductions and reliefs – total of boxes 240 to 275, 285 and 290 £ 0 0 • 300 Profits before qualifying donations and group relief – box 235 minus box 295 £ 0 0 • 305 Qualifying donations £ 0 0 • 310 Group relief £ 0 0 • 312 Group relief for carried forward losses £ 0 0 • 315 Profits chargeable to Corporation Tax – box 300 minus boxes 305, 310 and 312 £ 0 0 • 320 Ring fence profits included £ 0 0 • 325 Northern Ireland profits included £ 0 0 • 0 0	263 Carried forward non-trade deficits from loan relationships and derivative contracts (financial instruments) £ 0 0 • 265 Non-trading losses on intangible fixed assets £ 0 0 • 275 Total trading losses of this or a later accounting period £ 0 0 • 280 Put an ‘X’ in box 280 if amounts carried back from later accounting periods are included in box 275 285 Trading losses carried forward and claimed against total profits£ 0 0 • 290 Non-trade capital allowances £ 0 0 • 295 Total of deductions and reliefs – total of boxes 240 to 275, 285 and 290 £ 0 0 • 300 Profits before qualifying donations and group relief – box 235 minus box 295 £ 0 0 • 305 Qualifying donations £ 0 0 • 310 Group relief £ 0 0 • 312 Group relief for carried forward losses £ 0 0 • 315 Profits chargeable to Corporation Tax – box 300 minus boxes 305, 310 and 312 £ 0 0 • 320 Ring fence profits included £ 0 0 • 325 Northern Ireland profits included £ 0 0 • 0 0
	0	0

Tax calculation

326 Number of associated companies in this period
327 Number of associated companies in the first financial year
328 Number of associated companies in the second financial year
329 Put an ‘X’ in box 329 if the company is chargeable at the small profit rate or is entitled to marginal relief

0 X

Enter how much profit has to be charged and at what rate

----- Start of picture text -----
Financial Amount of profit Rate of tax Tax
year (yyyy) %
330 2 0 2 4 335 £ 340 19% 345 £ p
350 £ 355 360 £ p
365 £ 370 375 £ p
380 2 0 2 5 385 £ 390 19% 395 £ p
400 £ 405 410 £ p
415 £ 420 425 £ p
----- End of picture text -----

CT600(2026) Version 3

HMRC 04/26

Page 4

Tax calculation – continued


Corporation Tax– total of boxes 345, 360, 375, 395, 410 and 425	430	£	0	•	0	0

Marginal relief	435	£		•

Corporation Tax chargeable– box 430 minus box 435	440	£	0	•	0	0

Reliefs and deductions in terms of tax


445	Community Investment Tax Relief	£	•

450	Double Taxation Relief	£	•
455	Put an ‘X’ in box 455 if box 450 includes an underlying rate relief claim
460	Put an ‘X’ in box 460 if box 450 includes an amount carried back from a later period
465	Advance Corporation Tax	£	•

470	Total reliefs and deduction in terms of tax	£	•
	– total of boxes 445, 450 and 465

Coronavirus support schemes and overpayments (see CT600 Guide for definitions)


471	Coronavirus Job Retention Scheme (CJRS) received	£	•

472	CJRS entitlement	£	•

473	CJRS overpayment already assessed or voluntary disclosed	£	•

474	Other coronavirus overpayments	£	•

Energy levies


986	Energy (Oil and Gas) Profits Levy (EOGPL) amounts liable	£		•	0	0

987	Electricity Generator Levy (EGL) exceptional generation receipts	£		•	0	0

Calculation of tax outstanding or overpaid

475	Net Corporation Tax liability – box 440 minus box 470	£	0	•	0	0

480	Tax payable on loans and arrangements to participators	£		•
485	Put an ‘X’ in box 485 if you completed box A70 in the supplementary pages CT600A
490	Controlled Foreign Companies (CFC) tax payable	£		•

495	Bank levy payable	£		•

496	Bank surcharge payable	£		•

497	Residential Property Developer Tax (RPDT) payable	£		•

CT600(2026) Version 3

HMRC 04/26

Page 5

Calculation of tax outstanding or overpaid – continued


500	CFC tax, bank levy, bank surcharge and RPDT payable	£		•
	–total of boxes 490, 495, 496 and 497
501	EOGPL payable	£		•

502	EGL payable	£		•

505	Supplementary charge (ring fence trades) payable	£		•
510	Tax chargeable
	– total of boxes 475, 480, 500, 501, 502 and 505	£	0	•	0	0

515	Income Tax deducted from gross income included in profits	£		•

520	Income Tax repayable to the company	£		•

525	Self-assessment of tax payable before restitution tax	£	0	•	0	0
	and coronavirus support scheme overpayments
	– box 510 minus box 515
526	Coronavirus support schemes overpayment now due	£	0	•	0	0
	– total of boxes 471 and 474 minus boxes 472 and 473
527	Restitution tax	£		•

528	Self-assessment of tax payable	£	0	•	0	0
	– total of boxes 525, 526 and 527

Tax reconciliation


530	Research and Development credit	£	•

535	(Not currently used)	£	•

540	Creatives tax credit	£	•

541	Audio-Visual expenditure credit (AVEC) and
	Video Games expenditure credit (VGEC)	£	•

545	Total of Research and Development credit,	£	•
	creatives tax credit and AVEC/VGEC –total box 530 to 541
550	Land remediation tax credit	£	•

555	Life assurance company tax credit	£	•

560	Total land remediation and life assurance company tax credit	£	•
	–total box 550 and 555
565	Capital allowances first-year tax credit	£	•

570	Surplus Research and Development credits and	£	•
	creatives tax credit payable –box 545 minus box 525

CT600(2026) Version 3

HMRC 04/26

Page 6

Tax reconciliation – continued

----- Start of picture text -----
575 Land remediation or life assurance company tax credit payable
– total of boxes 545 and 560 minus boxes 525 and 570 £ •
580 Capital allowances first-year tax credit payable £ •
–
boxes 545, 560 and 565 minus boxes 525, 570 and 575
585 Ring fence Corporation Tax included £ •
586 NI Corporation Tax included £ •
590 Ring fence supplementary charge included £ •
595 Tax already paid (and not already repaid) £ •
600 Tax outstanding £ •
–
box 525 minus boxes 545, 560, 565 and 595
605 Tax overpaid including surplus or payable credits £ •
–
total sum of boxes 545, 560, 565 and 595 minus 525
610 Group tax refunds surrendered to this company £ •
614 Audio-Visual expenditure credit and Video Games £ •
expenditure credit surrendered to this company
615 Research and Development expenditure £ •
credits surrendered to this company
----- End of picture text -----

Exporter information

During the return period, did the company export goods and/or services to individuals, enterprises or organisations outside the United Kingdom (UK)? 616 Yes – goods 617 Yes – services 618 No – neither Indicators and information 620 Franked investment income/Exempt ABGH distributions £ • 0 0 625 Number of 51% group companies Put an ‘X’ in the relevant boxes, if in the period, the company: 630 should have made (whether it has or not) instalment payments as a large company under the Corporation Tax (Instalment Payments) Regulations 631 should have made (whether it has or not) instalment payments as a very large company under the Corporation Tax (Instalment Payments) Regulations 635 is within a group payments arrangement for the period 640 has written down or sold intangible assets 645 has made cross-border royalty payments 647 Eat Out to Help Out Scheme: reimbursed discounts £ • 0 0 included as taxable income

Indicators and information

CT600(2026) Version 3

HMRC 04/26

Page 7

Information about enhanced expenditure and tax reliefs

Research and Development (R&D) or creatives enhanced expenditure and tax reliefs

----- Start of picture text -----
650 Put an ‘X’ in box 650 if an R&D claim is made by a small or medium-sized enterprise (SME),
including a SME subcontractor to a large company
653 Put an ‘X’ in box 653 if the claim is made by an R&D intensive SME
655 Put an ‘X’ in box 655 if the claim is made by a large company
656 Put an ‘X’ in box 656 to confirm that an R&D claim notification form has been submitted
657 Put an ‘X’ in box 657 to confirm that an R&D additional information form has been submitted
658 Put an ‘X’ in box 658 to confirm that a Creatives additional information form has been submitted
659 R&D expenditure qualifying for SME/R&D intensive SME relief £ • 0 0
660 R&D enhanced expenditure £ • 0 0
663 Creatives core expenditure £ • 0 0
665 Creatives additional deduction £ • 0 0
670 R&D enhanced expenditure and creatives additional deduction £ • 0 0
total box 660 and box 665
675 R&D enhanced expenditure of a SME on work £ • 0 0
subcontracted to it by a large company
680 Vaccine research expenditure £ • 0 0
Land remediation enhanced expenditure
685 Enter the total enhanced expenditure £ • 0 0
----- End of picture text -----

Information about capital allowances and balancing charges/disposal values Allowances and charges in the calculation of trading profits and losses

----- Start of picture text -----
Capital allowances Balancing charges
Annual investment
690 £
allowance
688 £ 689 £
Full expensing
Machinery and plant 691 £ 692 £
–
super-deduction
Machinery and plant 693 £ 694 £
– special rate allowance
Machinery and plant 695 £ 700 £
–
special rate pool
Machinery and plant 705 £ 710 £
–
main pool
Structures and
711 £
buildings
Business premises 715 £ 720 £
renovation
Other allowances
725 £ 730 £
and charges
----- End of picture text -----

CT600(2026) Version 3

Page 8

HMRC 04/26

Allowances and charges in the calculation of trading profits and losses – continued

	Capital allowances	Capital allowances	Disposal	Disposal
Electric vehicle charge-points	713	£	714	£
Enterprise zones	721	£	722	£
Zero-emission goods vehicles	723	£	724	£
Zero-emission	726	£	727	£
cars

Allowances and charges not included in the calculation of trading profits and losses

	Capital allowances	Capital allowances	Balancing charges	Balancing charges	Balancing charges
Annual investment allowance	735	£
Structures and buildings	736	£
Full expensing	733	£	734	£
Business premises renovation	740	£	745	£
Machinery and plant – super-deduction	741	£	742	£
Machinery and plant – special rate allowance	743	£	744	£
Other allowances and charges	750	£	755	£
	Capital allowances		Disposal		value
Electric vehicle charge-points	737	£	738	£
Enterprise zones	746	£	747	£
Zero-emission goods vehicles	748	£	749	£
Zero-emission	751	£	752	£
cars

CT600(2026) Version 3

Page 9

HMRC 04/26

Qualifying expenditure

760 Machinery and plant on which first year allowance is claimed £ 0 0 • 765 Designated environmentally friendly machinery and plant £ 0 0 • 770 Machinery and plant on long-life assets and integral features £ 0 0 • 771 Structures and buildings £ 0 0 • 772 Machinery and plant – super-deduction £ 0 0 • 773 Machinery and plant – special rate allowance £ 0 0 • 775 Other machinery and plant £ 0 0 •	0	0
	0	0

Losses, deficits and excess amounts Amount arising

	Amount	Amount	Maximum available	Maximum available
			as group relief
Losses of trades carried on wholly	780	£	785	£
or partly in the UK Losses of trades	790	£
carried on wholly
outside the UK
Non-trade deficits	795	£	800	£
on loan relationships
and derivative contracts
UK property business losses	805	£	810	£
Overseas property business losses	815	£
Losses from miscellaneous	820	£
transactions
Capital losses	825	£
Non-trading losses on intangible fixed assets	830	£	835	£

Excess amounts

	Amount	Amount	Maximum available	Maximum available
			as group relief
Non-trade capital allowances			840	£
Qualifying donations			845	£

Management expenses	850	£	855	£

CT600(2026) Version 3

Page 10

HMRC 04/26

Northern Ireland information

856	Amount of group relief claimed which relates to NI trading losses used against rest of UK/mainstream profits	£												•	0	0
857	Amount of group relief claimed which relates to NI trading losses used against NI trading profits	£												•	0	0
858	Amount of group relief claimed which relates to rest of UK/mainstream losses used against NI trading profits	£												•	0	0

Overpayments and repayments Small repayments

860 Do not repay sums of £ • 0 0 or less.

Read the overpayments and repayments section of the Company Tax Return Guide for specific guidance on when and how to make an entry in this box.

Repayments for the period covered by this return

865	Repayment of Corporation Tax	£	•

870	Repayment of Income Tax	£	•

875	Payable Research and Development tax credit	£	•

880	Payable Research and Development expenditure credit	£	•

885	Payable creatives tax credit	£	•

886	Payable Audio-Visual expenditure credit and	£	•
	Video Games expenditure credit
890	Payable land remediation or life assurance company tax credit	£	•
895	Payable capital allowances first-year tax credit	£	•

Surrender of tax refund within group

	Including surrenders under the Instalment Payments Regulations	Including surrenders under the Instalment Payments Regulations
900	The following amount is to be surrendered	£	•
	Put an ‘X’ in the appropriate boxes below
	the joint Notice is attached	905
	or
	will follow	910

915	Please stop repayment of the following amount	£	•
	until we send you the Notice

CT600(2026) Version 3

HMRC 04/26

Page 11

Bank details (for a person to whom a repayment is to be made)

920 Name of bank or building society

925 Branch sort code

930 Account number 935 Name of account 940 Building society reference

Payments to a person other than the company

943 Put an ‘X’ in box 943 if there is a R&D payable credit and one of the conditions listed in the CT600 Guide is applicable
945 Complete the authority below if you want the repayment to be made to a person other than the company I, as (enter status – for example, company secretary, treasurer, liquidator or authorised agent)

950 of (enter company name)

955 authorise (enter name)
960 of address (enter address)
965 Nominee reference

to receive payment on company’s behalf

970 Name

Declaration

I declare that the information I have given on this Company Tax Return and any supplementary pages is correct and complete to the best of my knowledge and belief.

I understand that giving false information in the return, or concealing any part of the company’s profits or tax payable, can lead to both the company and me being prosecuted.

975 Name

S R Debeer

980 Date DD MM YYYY

0 3 0 7 2 0 2 6 S De Beer 985 Status S De Beer (Jul 3, 2026 13:06:50 GMT+2) Trustee

CT600(2026) Version 3

Page 12

HMRC 04/26

Company Tax Return – supplementary page Charities and Community Amateur Sports Clubs (CASCs) CT600E (2026) Version 3 for accounting periods starting on or after 1 April 2015

Guidance

Guidance about when and how to complete this supplementary page can be found in the CT600 Guide.

For more information read ‘Company Tax return obligations’ and ‘Completing your company Tax return’.

Also read ‘Supplementary pages CT600E – Charities and Community Amateur Sports Clubs (CASCs)’ for more guidance about completing this supplementary page.

Claims to exemption ( this section should be completed in all cases)

----- Start of picture text -----
Charity/CASC repayment reference E5
Charity Commission registration number, or E10 1166987
OSCR number (if applicable)
Put an ‘X’ in the relevant box if during the period covered by these supplementary pages:
The company was a charity/CASC and is claiming E15
exemption from all tax on all or part of its income
and gains (Also put an ‘X’ in box E15 if the company
was a charity/CASC but had no income or gains in the period.)
All income and gains are exempt from tax and have been, E20
or will be, applied for charitable or qualifying purposes only
Some of the income and gains may not be exempt or have E25
not been applied for charitable or qualifying purposes only,
and I have completed form CT600
I claim exemption from tax S De Beer
S De Beer (Jul 3, 2026 13:06:50 GMT+2)
Name
E30 S R Debeer
Status
E35 Trustee
Date DD MM YYYY E40 0 3 0 7 2 0 2 6
----- End of picture text -----

CT600E(2026) Version 3

HMRC 04/26

Page 1

Repayments

To make a repayment claim for the period covered by these supplementary pages, please register and enrol to use the Charities Online service. See CT600 guide for further information.

Put an ‘X’ in the box if during the period covered by these supplementary pages you have over claimed tax. E45

Information required

Enter details of any income received from the following sources, claimed as exempt from tax in the hands of the charity/CASC. Enter the figure included in the charity’s/CASC’S accounts for the period covered by this return. Non-exempt amounts should be entered on form CT600 in the appropriate boxes.

Type of income Amount Enter total turnover from exempt charitable trading activities £ 0 0 • E50 Investment income – exclude any amounts included on form CT600 £ 0 0 • E55 UK land and buildings – exclude any amounts included on form CT600 £ 0 0 • E60 Gift Aid – exclude any amounts included on form CT600 £ 0 0 • E65 From other charities – exclude any amounts included on form CT600 £ 0 0 • E70 Gifts of shares or securities received £ 0 0 • E75 Gifts of real property received £ 0 0 • E80 Other sources (not included above) £ 0 0 • E85 Legacy income £ 0 0 • E88 Total of boxes E50 to E88 £ 0 0 • E90 2 9 2 2 2 9 5 4 1 6 1 5 7 3 8	Type of income Amount Enter total turnover from exempt charitable trading activities £ 0 0 • E50 Investment income – exclude any amounts included on form CT600 £ 0 0 • E55 UK land and buildings – exclude any amounts included on form CT600 £ 0 0 • E60 Gift Aid – exclude any amounts included on form CT600 £ 0 0 • E65 From other charities – exclude any amounts included on form CT600 £ 0 0 • E70 Gifts of shares or securities received £ 0 0 • E75 Gifts of real property received £ 0 0 • E80 Other sources (not included above) £ 0 0 • E85 Legacy income £ 0 0 • E88 Total of boxes E50 to E88 £ 0 0 • E90 2 9 2 2 2 9 5 4 1 6 1 5 7 3 8	Type of income Amount Enter total turnover from exempt charitable trading activities £ 0 0 • E50 Investment income – exclude any amounts included on form CT600 £ 0 0 • E55 UK land and buildings – exclude any amounts included on form CT600 £ 0 0 • E60 Gift Aid – exclude any amounts included on form CT600 £ 0 0 • E65 From other charities – exclude any amounts included on form CT600 £ 0 0 • E70 Gifts of shares or securities received £ 0 0 • E75 Gifts of real property received £ 0 0 • E80 Other sources (not included above) £ 0 0 • E85 Legacy income £ 0 0 • E88 Total of boxes E50 to E88 £ 0 0 • E90 2 9 2 2 2 9 5 4 1 6 1 5 7 3 8
	0	0

Enter details of expenditure as shown in the charity’s/CASC’s accounts for the period covered by these supplementary pages

Type of expenditure Amount Trading costs in relation to exempt charitable activities (in box E50) £ 0 0 • E95 UK land and buildings costs in relation to exempt charitable activities (in box E60) £ 0 0 • E100 All general administration/governance costs £ 0 0 • E105 All grants and donations made within the UK £ 0 0 • E110 All grants and donations made outside the UK £ 0 0 • E115 Other expenditure not included above, or not used in calculating figures entered on the form CT600 £ 0 0 • E120 Total of boxes E95 to E120 £ 0 0 • E125 5 0 9 5 0 9	Type of expenditure Amount Trading costs in relation to exempt charitable activities (in box E50) £ 0 0 • E95 UK land and buildings costs in relation to exempt charitable activities (in box E60) £ 0 0 • E100 All general administration/governance costs £ 0 0 • E105 All grants and donations made within the UK £ 0 0 • E110 All grants and donations made outside the UK £ 0 0 • E115 Other expenditure not included above, or not used in calculating figures entered on the form CT600 £ 0 0 • E120 Total of boxes E95 to E120 £ 0 0 • E125 5 0 9 5 0 9	Type of expenditure Amount Trading costs in relation to exempt charitable activities (in box E50) £ 0 0 • E95 UK land and buildings costs in relation to exempt charitable activities (in box E60) £ 0 0 • E100 All general administration/governance costs £ 0 0 • E105 All grants and donations made within the UK £ 0 0 • E110 All grants and donations made outside the UK £ 0 0 • E115 Other expenditure not included above, or not used in calculating figures entered on the form CT600 £ 0 0 • E120 Total of boxes E95 to E120 £ 0 0 • E125 5 0 9 5 0 9
	0	0

CT600E(2026) Version 3

Page 2

HMRC 04/26

Information required

Charity/CASC assets

Charity/CASC assets
Disposals in the period	Additions in the period
(total consideration received)	(use accounts figures)
Tangible fixed E130 £	E135	£
assets
UK investments E140 £	E145	£	2	5	2	8	4	2	7
(excluding
controlled companies)
Shares in, E150 £	E155	£
and loans to,
controlled companies
Overseas E160 £	E165	£
investments
Loans and non-trade debtors	E170	£

Other current assets	E175	£			9	5	0	6	1

Qualifying investments and loans	E180
Applies to charities only. See CT600 Guide
Value of any non-qualifying investments and loans	E185	£
Applies to charities only. See CT600 Guide
Number of subsidiary or associated companies the charity	E190
controls at the end of the period. Exclude companies that
were dormant throughout the period

CT600E(2026) Version 3

HMRC 04/26

Page 3

binder

Final Audit Report 2026-07-03 Created: 2026-07-03 By: Dean Andrews (dean@mackenziefield.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAL3tHzcR3zrx0fCp_AtvNaXQxWUIogLEI

Final Audit Report

"binder" History

Document created by Dean Andrews (dean@mackenziefield.co.uk)

2026-07-03 - 9:47:47 AM GMT- IP address: 62.7.84.242 Document emailed to S De Beer (shane.debeer@valnamanagement.com) for signature 2026-07-03 - 9:47:54 AM GMT Email viewed by S De Beer (shane.debeer@valnamanagement.com) 2026-07-03 - 9:49:34 AM GMT- IP address: 200.162.151.249 Document e-signed by S De Beer (shane.debeer@valnamanagement.com) Signature Date: 2026-07-03 - 11:06:50 AM GMT - Time Source: server- IP address: 46.199.75.27 - Signature Appearance Selected: TYPE Document emailed to Dean Andrews (dean@mackenziefield.co.uk) for signature 2026-07-03 - 11:06:58 AM GMT Email viewed by Dean Andrews (dean@mackenziefield.co.uk) 2026-07-03 - 11:09:05 AM GMT- IP address: 104.47.85.62

Document e-signed by Dean Andrews (dean@mackenziefield.co.uk)

Signature Date: 2026-07-03 - 11:09:40 AM GMT - Time Source: server- IP address: 62.7.84.242 - Signature Appearance Selected: IMAGE Agreement completed. 2026-07-03 - 11:09:40 AM GMT


1	Company name	The Knowledge Foundtion

2	Company registration number				0	9	7	6	1	6	5	6

3	Tax reference		2	3	9	3	9	1	5	8	7	5

4	Type of company											8