COMPANY REGISTRATION NUMBER: 10520302 CIL4RITY REGISTRATION NUMBER: 1179051 KMB ESTATES Company Limited by Guar¥dntee Financial Statements For the year ended 31 March 2024 COHEN ARNOIII Chartered accountants & statutory auditor New Burlington Houge 1075 Finchley Road LONDON NWII OPU
KMB ESTATES COMPANY LIMITED BY GUARANTEE Financial Statements Year ended 31 Mareh 2024 PAGES Trustees, Annual Report (Incorporating the Director's Report) Ito4 Independent Auditor's Report to the Members 5t08 Statement of Financiat Activities Oncluding Income and Expenditure Account) Statement of Financial Position io Notes to the Financial Statements Ilto18
KMB ESTATES COMPANY LIMITED BY GUARANTEE Trustees, Annual Report Uneorporaling the Director's Report) Year ¢Dded 31 March 2024 The tst& who are also the director5 for the purposes of company law? present their report and the financial statements of the charity for the year ended 31 March 2024. Referenee and AdmlnlstrAtlve detalls Registered Charity name Charity registration number Company registration number 10520302 Prineipgl office 80A Darenth Road London N16 6ED KMB Estates 1179051 Registered office New Burlington House 1075 Finchley Road London NWII OPU The trustees Mr S Berg¢r Mr J Berger Mrs D Berger Mrs S Stein Auditor Cohen Arnold Chartered accOunLtS & statutory auditor New Burlington House 1075 Finchley Road LONtK)N NWII OPU Structure? governance and managemellt The Charitable Company is Constituted as a Company Limited by Guarantee and as such. its governing documents are its Memorandum and Articles of Association. The day-to-day affairs of the Charity are administered by the Trustees. None of the Trustees have any beneficial int¢rest in the Charity. It is not currentty the intention of the Trustees of the Charity to appoint additional new Trustees. Should the situation change in the future. the Trustees will apply suitable recruitment training and ftnduction procedures.
KMB ESTATES COMPANY LIMITED BY GUARANfEE Truslees, Annual Report Uncorporating tbe Director's Report) (COnrtUEdj Year ended 31 March 2024 Objectives and activities The Charitable Company is ¢stablished to further those purposes both in the United Kingdom and abroad recognised as charitable by English Law. In furtherance of the aforementioned object& th¢ Charitable Company receives income mainly from charitable receipts and investment properties, which it utilises in the provision and distribution of grants and donations that fall within in the objectives of the Charitable Company. It has concentrated its activities in giving grants to institutions that focus on the reli¢f of poverty and the advancement of education and religion. The Charity's prin¢ipal activity throughout the year was the provisTon and distribution of donations and grants to organisations. and no change is envisaged in the immediate fvtur¢. The Trustees confirni that they have referred to the 8uidance contained in the Charity Commission's g¢neral guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and settin8 the grant making FKJlicy for the year. Grant maklng policy Grants are made to charitable institutions and organisations which accord with the objects of the charity. The Trustees are approached for donations by a wide variety of charitable institutions operating all over England. The trustees consider all requests which they receive and make donations based on the level of funds availabl¢. Aehievements and perforniance During the year the charity continued to pursu¢ its philanthropic objects in support of educational. religious and oth¢r charitable organisations. Income from donations ond investments aggregated £393,096. Total r¢sources expended were £325.622. Grants and donations in the year totalled £52.260.
KMB ESTATES COMPANY LIMITED BY GUARANfEE Trustees, Annual Report OneorporAting the Director's Report) (¢oNtin4ed) Year ended 31 Mydreh 2024 Financial review The financial results of the charity's activiti¢s for the year to 31 March 2024 are fully reflected in the att2ched Financial Statements together with the Notes thereon. The financial w)sition of the Charitabl¢ Company is satisfactory. Reserves policy It is th¢ policy of the Charitabl¢ Company to maintain unrestricted funds, which include the free reserves of the charity, at a level which the trustees consider appropriate. taking into account the future commitments of the charity and the likely costs of the charity for the next year. At 31 March 2024 the charity had unrestricted funds aggregating £3,271,462. As at 31 March 2024, the charity had free reserves of £85.540. Risk man8gement The Trnstees have identified and reviewed the major risks to which the Charity is exposed, and are satisfied that systems are in place to manage those risks. The principal risks to which the Charity is exposed are.. The availability of liquid funds to make grants and donations Liabilities arising from property investtnent activity Tenant defaults Datnage to property from floo(L re or tetrorist action The economic cycle generally The Trustees seek to manage or mitigate such risks wherever possible through measures including insurance, tenant screening and monitoring, &xternal expert advice. monitoring cash and regular monitoring of the economic outlook. It is recognised that systems Can only provide reasonable but not absolute assurance that major risks have been adequately managed. Plans for future perlods The Charitable Company plans lo Continue the activities outlined above in the forthcoming yeatB subject to sulTicient income and in and in accordance with their grant making policy. Trnstees, res)nsIbL1]tIe5 statemeD¢ The trustees, who are also directors for the purposes of company law. are snsIble 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 charity trustees to prepare financial stat¢menls for each whi¢h give a tru¢ and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.
KMB ESTATES COMPAIYY LIMITED BY GUARANTEE Trustees, Annual Report Oncorporating the Director's Report) (¢Onlln¥ed) Year ended 31 March 2024 In preparing these financial statements. the trustees are required to.. select suitable accounting polici¢s and then apply them wnsistently. observe the methods and principles in the applicable Charities SORP. make judgments and COunting estimates that are reasonable and prudent. prepare the financial stat¢ments on the going concern basis unless it is inappropriate to pre5Utne that the charity will continue in business. The trustees are responsible for keeping adequate accounting r¢cords that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial )sition of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safegwdrding the assets of the charity and hence for taking re&sonable steps for the pr¢v¢ntion and detection of fraud and other irregularities. Auditor Each of the persons who is a tJust¢e at th¢ date of approval of ihis report confirms that: so far as they are aware, th¢r¢ is no relevant audit inforniatton of which the charity's auditor is unaware. and th¢y have taken all steps that they ought to have taken as a trustee to make themselves aware of y relevant audit inforniation and to establish that th¢ charity's auditor is aware of that Information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companie5 Act 2006. Small eompally provisions This rert has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. Th¢ trustees, annual report was approved on 8)JA.. .2Q25. and signed on behalf of the iM)ard of trnstees by.. Mrs D Berger Trustee
KMB ESTATES COMPANY LIMITED BY GUARANfEE Independent Auditor's Report to the Members of KMB Estates Year ended 31 March 2024 Opinlo We have audited the financial statements of KMB Estates {th¢ 'charity') for the year ¢nded 31 March 2024 which comprise the statement of financial activities (including income and exp¢nditure account). stat¢men¢ of financial position and the related notes, including a summary of sigmificant accounting wilicies. The financial reporting frdmework that has been applied in their ptEparation is applicable law and Unitsd Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounling Prdctice). In our opinion the financial statements: give a true and fair view of the stat¢ of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources. including its income and ¢xp¢nditure, for the year then ended. have been properly prepd in accordance with United Kingdom G¢n¢rally Accepted Accounting Practice- hav¢ b¢en prepared in accordance with the requirements of the Companies Act 2006. Bas18 for opinion We conducted our &udit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applic&ble law. Our responsibilities under those standards are further described in the auditols re5ponsibiliti¢s for ih¢ audit of the financial statements section of our pOrt. We are independent of the charity in accordance with the ethical requirements that are leVant to our audit of the financial statetttents in the UK including the FRC'S Ethical Standard, and we have fulfilled our other ethi1 responsibilities in aordanCe with these r¢quir¢m¢nts. We believe that the audit evidence we have obtained is su(fi¢i¢nt and appropriate to provide a basis for our opinion. Conclusions rel&iing to going concern In auditing the fjnancial statements, we have concluded that the tntee$, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial ststements are authorised for issue. Our responsibilities and the r¢sponsibilitie5 of the trustees with respect to going Concern are described in the relevant sections of this report.
KMB ESTATES COMPANY LIMITED BY GUARAwfEE Independent Auditor's Report to the Members of KMB Estates Year ended 31 Mareb 2024 Other informatiou The other inforniation comprises the inforniation included in the annual ffporL other than the financial statements and our auditor's report thereon. The trustees are responsible for the other inforniation. Our optnion on the financial statements does rM)t cover the other inforn)ation and. except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurdnce conclusion th¢r¢on. In connection with our audit of the fInaCIal statements, our responsibility is to read the other inforniation and, in doing so. consider whether the other inforniation is materially inconsistent with the financial statem¢nts or our knowledge obtsined in the audit or otherwise apws to be materially isstated. If we identify such material inconsistsncie5 or apparent material misstatements, we ar¢ required to detemiine whether there is a material misstatement in the financial statements or a material misstatement of the other infomialion. If. based on the work we have perfornied, we conclude that there is a material misstatement of this other information, we ar¢ required to report that fact. We have nothing to report in this r¢gard. Opinions other mat¢ers prescribed by the Companies Act 2(MI6 In our opinion, bos¢d on the wot* undertaken in the course of the audit: the infornlation given in the trustees, report for the financi year for which the financial statements ar¢ pr¢pared is consistent with the financial statements. and the trustees, report has been prepared in accordance with applicable legal requiretnents. Matters on wbich we are required to report by excep¢ioD In the Ilght of the knowledge and understandittg of the charity and its environment obtained in the course of the audiL we have not identified material misstatements in the trustees, rewrt. We have nothing lo report in respect of the following matters in relalion to which the CoTnpanies Act 2006 requires us to port to you if. in our opinion: adequate accounting r¢¢ords have not been kept, or returns adequate for our audit have not been received from bran¢hes not visited by us" or the financlal statements are not in agreemeftt with the accounting records and returns; or certain disclosures of trnste¢s' remunerdtion specified by law are not made. or we have not received all the information and explanations we r¢quire for our audit; or the trustees were not entitl¢d to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing ih¢ directors, report and from the requirement to prepare a strategic report.
KMB ESTATES COMPANY LIMITED BY GUARANTEE Independent Auditor's Report to tbe Members of KMB Estates (co*rfM¥ed) Year ended 31 Mgdrch 2024 Responsibilities of irustees As explained MO fully in the trustees, responsibilities statemen( thc trustees (who are also the directors for th¢ putposes of company law) are responsible for the preparation of the financial Statements and for being satisfied that they give a trne and fair view, and for such internal control as the trustees deterniine is necesgary to enable th¢ preparation of financial statements that are free from material misststement, whether due to fraud or eOr. Ill preparing the financial statements, the trustees are responsible for assessing th¢ charity's ability to continue as a going concern, disclosin& as applicable, matters related to going concern and using the going con¢em basis of ac¢ounting unless the trustees either intend to liquidate th¢ charity or to cease operations, or have no realistic alternative but to do so. Auditor's respollsibilities for the audit ofthe finallcial stal¢meDts Our objectives are lo 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. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in a¢cordan¢e with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are Considered material if, individually or in the aggregate. they could reasonably be expected to inflv¢n¢e the economic decisions of users taken on the basis of these finan¢ial stsiements. Irregularities including fraud, are instances of non-compliance with laws and regulations. We design procedures An line with our responsibilities, outlined above. to detect material Tnisstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detling irregularities, including fraud is detailed below- We obtained an understanding of the legal and regulatory frameworks that are applicable to th¢ group through discussion with the management and identified which were most significant with respect to the financial statements. We identified Companies Aci 2006 (including a$sl&t¢d regulations), Charities Act 20 I I, Charities SORP (FRS 102), Financial Reporting Standard l 02. TtIOn tAws and Regulations, The Landlord and Tenant Act and Health & Safety Regulations as being most significant to these financial statements. We communicated these identified frameworks atnongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competenc¢ and capability to identify or recognise non-compliance with laws ond regulations. We discussed with the directors and senior tnanagemenl the policies and procedures regarding compliance with these legal and regulatory frameworks. We assessed the susceptibility of the company's fitwicial stsfements to material misstatem¢nt due to non-compliance of legal and regulatory frameworks, including how fraud might occur. by enquiry with the directors and senior management during the planning and finalisation phases of our audit and using proprietary dis¢losure checklists. This was deterniined to be low. Based on this understanding we designed our audit procedures to identify non-complian¢¢ with th¢ identified legal and regulatory framework, which were part of our predllre5 on the related financial statement items. Our pro¢¢dures included reviewing th¢ Company's internal controls policies and procedures, reviewing the minutes of board meetings and COespondence with regulatory bodies including HMRC, testing transactions outside the norn)al COUTse of th¢ business and journal entries, and discussions with the directors and senior management.
KMB ESTATES COMPANY LIMtTED BY GUAK41YfE Independent Auditor's Report to the Members of KMB Estates Year ended 31 March 2024 Owing to the inherent limitations of an audi( there 1$ an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and perlornied our audit in &CrdanCe with auditing standards. For ¢xarnplq the further removed non-compliance with laws and regul&tions (irregularities) is ftom the events and transactions reflected in the financial statements. the less likely the inherently limited procedures required by auditing standards would identify it. In addition, a5 With any audit. there remained a higher risk of non41etection of i¢gUlaTitI¢$, &8 these may involve ¢ollusion, forgery, intentional omission misrepresentations, or the oveNide of internal contro15. We are not responsible for preventing non-compliance and cannot be expected to detect non-complian¢e with all laws and regulations. A further description of our responsibilities for the audit of the financia] statemenls is IIKatd on the Financial Reporting Council's website at www.frc.org.uklauditorsresp)nsibilities. This description fornis part of our auditor's report. Use of our report This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so th&t we might stale lo the charity's members those matters we are required lo state to ihem in an auditovs report and for no other purpose. To the fullest exient perniitted by law. we do not accept or assume responsibility lo anyone other than the charity and the eh2riry's members &s a body, fc>r our audit work, for this reporL or for the opinions we have Asher Sternli¢ht (Senior Statutory Auditor} For and on behalf of Cohen Arnold Chartered accountsnts & statutory auditor New Burlington House 1075 Finchley Road LONDON NWII OPU 80
KMB ESTATES COMPANY LIMITED BY GUARANTEE Statement of FiDancial Activities (including income and expenditure account) Year ¢nd¢d 31 March 2024 2024 Unrestricted funds Totsl funds Total funds 2023 Note IDcome and endowments Donations and legacies Inveslment income 69,000 324,096 69.000 324.096 33,000 160,768 Total income 393,096 393,096 193,768 Expenditure Expenditure on raising funds: Investment management costs Expenditur¢ on charitable activities Total expenditure (264.804) (264,804) {50.454) {60,818) (60,818) {84,605) (325,622) (325,622) (135.059) Net losses on inveslm¢nts 12 (48,882) (48,882) Nel income aDd net movement In funds 18,592 18,592 58,709 Reconciliation of funds Total funds brought forward Tolal fuDd$ rrIed fonvard 3,252,870 3,271,462 3J52,870 3371,462 3,194,161 3,252,870 The statement of financial activities includes all gains and losses recognised in the year. All in¢om¢ and expenditure derive frotn continuing activities. The note5 on pages 11 to 18 form part of these financial statement
KMB ESTATES COMPANY LIMITED BY GUA114NTEE Stydtement of Finaneial Position 31 March 2024 2024 2023 Note Fixed assets Investments 16 7,4600 3.581.500 Current assets Debtors Cash at bank and in hand 17 70,154 15J86 32.299 317,475 85540 349.774 Creditors: Amounts falling due vitbin one year Nel current liabilities 18 {709a22) (678.404} {623,782) 6,782.718 (328.630) 3,252,870 Tolal assets le current liabilities Creditors.. amounts falling due after more ihan one year Nel assets 19 (3511256) 3271.462 3,252,870 Funds of the cb&rity Unrestricted funds 3271,462 3252.870 3252.870 Tolydl ¢harity funds 20 3271,462 These financial stat¢ments have been prepared in accordance with the provisions appIlb]e to companies subj¢¢t to the small companies, regime. These financial ststements were approved by the Lx)ard of trustees and authorised for issue on .JoYts. and are signed on behalf of the board by.. Mrs Truste¢ rger The notes on pages li to 18 form part of these financial stAtements. io
KMB ESTATES COMPANY LIMITED BY GUARANTEE Notes to the Finaneial Statements Year ended 31 Maireh 2024 General iDforniation The Charity is a public benefit entity and a private company limited by guarant¢¢, registered in England and Wales and a registered charity in England and Wales. The address of the r¢gistered oifi¢e is New Burlington House, 1075 Finchley Road, London. NWI I OPU. Staiement ofcompliance Th¢s¢ financial statements have been prepared in compliance with FRS 102, 'Th¢ Financial Reportin8 Standard applicable in the UK and the Republic of Ireland,. the Stalement of R¢¢ommended Prnctice applicable to charities preparing their accounts in accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102) {Charities SORP (FRS 102)) and the Companies Act 2006. AccouDting 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 investJnent pmperties m¢asur¢d at fair value through in¢ome or expenditure. The financial statements are prepared in sterlin& which is the functional currency of the entity. Going colleern Nolwithstanding the cotnpany'5 deficiency in n¢t current assets, the financial statements have been prepared in accordance with the accounting principles appropriate to a going ¢on¢¢rn, as the director has a reasonable expectation that the ¢ompany has adequate resour¢es to ¢ontinue in operational existence for the foreseeable future by m¢¢ting its liabilitie5 as they fall due. This is on the basis that the Company has received an assurance from the primary creditor, that the amount owed to it will iiot be called for repaym¢nt until the company is in a position to make such a repayment without detriment to its ongoing activities. Judgements And key 8OUry&8 of estimation uncertainty In the application of the companvs accounting policies, the trustees are required to make judgements, estimat¢s and assutnptions about the carrying amounts of assets and liabiliti¢s that ar¢ not readily apparent from other sources. The estimates and associated assumptions are based on historical experi¢n¢¢ and other factors that consid¢r¢d to be relevant. Actual results may differ from these ¢stimatss. The estimates and underlying assumptions are r¢vi¢w¢d on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The valuation of inveslment properties is inherently subj¢¢tive, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable mat*et transactions. Therefore the valuations ar¢ subject to a degree of uncertainty and are tnade on the basis of assumptions which may not prove to be accurate, phrti¢ularly in periods of diificuh market or economic conditions. li
KMB ESTATES COMPANY LIMITED BY GUARANTEE Iyotes to the FiDancial Ststements (¢ohthued) Year ended 31 March 2024 Accoullting policies (contrnud) Ttion The Charitable Company is not liable to direct tsxation on its income as it falls within the various exemptions available to registsred charities. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of th¢ charity's purposes. Ill¢omiDg 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 wilh the transaction will flow to the charity and the amount can be reliably measured. Income from donations or grants is r¢¢ognised when there is evidence of entitlement to the gill receipt is probable and its amount can be me&8ured reliably. Resources expended Expenditure is recognised as soon as there is a present obligation Committing the Charity to pay out resources, it is probable that a transfer of economic benefils will be r¢quirexl in settlement and th¢ amount ¢an be measured or estimated reliably. Grants payable are only recognised in th¢ accounts when paid. luvestment management costs Investment management costs includ¢ cosls relating to the investment properties on an accrual bls. Support Costs Support costs are those costs which ar¢ common to all areas of the organisation. These are allocated across all areas of activity on th¢ basis of the number of service users for each activity. Governall¢e eost5 Governan¢e costs ar¢ ass(Kiated with the governance arrangemenls of the charity and relate to the general rnnning of the charity. Thes¢ costs include audit. l¢g&l advice for Trustees and $t$ asswiat¢d with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts. 12
KMB ESTATES COMPANY LIMITED BY GUARAIYTEE Notes to the FiDaDcial Statements (¢oNilwied) Year ended 31 March 2024 Accounting policies fconriftwed) Inves¢meD¢ property Investment ptY)perties are recognised initially at cost. Subsequent to initial re£ognition - Investment properties whose fair value can be m¢asur¢d reliably are held at fair valu¢. Any 8ains or losses arising from chang¢s in the fair value are recognised in the profil and loss aoUnt in the peri(Ml that they arise. and No depreciation is provided in respect of investment properties applying the fair value model. Th¢ fair valu¢ of the inve5ttnent properties is det¢rniined by the Trustees, based on their understanding of property market conditions and the specific properties concerne(L using a sales valuation approach, derived from re¢ent comparable transactions and market yields, &djusted by applyin8 discounts to reflect status of occupation and condition. Financial instruments Financial instruments are classified and accounted for, according to the substance of the contrdctual atrangemenL as either financial assets. financial liabilities or equity instrnments. An equtty instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. The Charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments ar¢ initially recognised at transaction value and subsequentty mvasured at their settlement value. Trade and other debtors recognised at th¢ settlement aoUnt du¢. Prepayments are valued at the amount prepaid. Creditors and provisions are recognised where the company has a present obligation resulting froTn a past event that will probably result in tlTre 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 nornially recognIs at their settlement amount. Limited by guarnntee The charity is a Company Limited by Guarantee and has no share capital. The liability of each Member in the event of winding up is limited to £1 O. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations received 69,000 69,(100 33,000 33,000 l3
KMB ESTATES COMPANY LIMITED BY GUARANTEE Notes to Ihe Financial Statements (cofvth*e4) Yeydr ended 31 March 2024 Illvestment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Income from investment properties Other interest receivable 323,744 352 323,744 352 160,768 160,768 324.096 324,096 160,768 160,768 Investment man•gemenÉ costs Unrestricted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Investmcnl property outgoings Interest payable 87,785 177,019 87,785 177,019 50,454 50.454 264,804 264004 50,454 50,454 Expenditure on charitable activities by fund type Unrestricted Total Fund$ Unrestricted Totsl Funds Funds 2024 Funds 2023 Alleviation of poverty, advancement of education and religion Support costs 52,260 8,558 60.818 52260 8558 80,190 4,415 80.190 4,415 84,605 60318 84.605 Expenditure on charitsble aetivtties by activity type Grant funding of activities Support costs Totsl funds 2024 Total fund 2023 Alleviation of FKtverty, advancement of education and religion 52,260 8,558 60018 84,605 14
KMB ESTATES COMPANY LIMITED BY GUARANTEE Notes to the Financi21 Statements (Contin) Year ended 31 M¥drcb 2024 10. Analysis of support costs 2024 2023 Auditors remuneration Other governance costs 4J20 4238 4,415 8558 4,415 Additional fees paid to the auditors for other services in the year awegate £4,104. 11. Anatysis of grants 2024 Grants to ins¢itu¢ioDS Friends of Mosdos Torah V¢yira Mosdos Toldos Aron Ltd Classquote Limifrd Riosan Limited 35,1)00 10,000 4,000 3260 Total grants 52260 All grdnts and donations were paid to eharitable institionS for the purposes of the provision of ¢ducation, advancement of Jewish Religion and relief of w)verty. 12. Ne¢ losses OD investments Unrestricted Total Funds Unrestrict¢d Total Funds Funds 2024 Funds 2023 Gains/(losses) on revaluation of investment property (48,882) (48082) 13. Independent examination f¢e5 2024 2023 Fees payable to the independent examiner for= Independent examination of the finan¢ial statements 4,080 14. Sthff Costs There were no employees during th¢ year. 15. Trus¢ee remunera¢ioD and eipenses No trust¢¢s hav¢ been paid any remuneration or received any other benefits from the Charity. Is
KMB ESTATES COMPANY LIMITED BY GUARANTEE Note5 to Éh¢ Financial Statements fcoAllftutdJ Year ended 31 March 2024 16. Investments Investment pn)perties Fair value At l April 2023 Additions Fair value movements 3581,500 3,873,882 {48,882) 7.406,500 At 31 March 2024 Impairnient At l April 2023 and 31 March 2024 Carrying amount At 31 Marcb 2024 7.406,500 At 31 March 2023 3.581,500 All investments shown above are held at valuation. Inveslmellt propertie The Company's investment properties were valued by the trustees at 31 March 2024 based on the trustees. understanding of property market conditions the specific properties concerned using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition. In th¢ event of the realisation of the company's investment prop¢rti¢s at an amount equal to the valuation tEcorded in the financial statementy no liability to corporation tax on chargeable gains would arise because it is anticipated that all realised surpluses from th¢ sale of inv¢s1ments will be applied for charitable purposes and therefore will be exetnpt from corporation tax. The historical cost of the properties is £7,394,237. 17. Debiors 2024 2023 Trade debtors Prepayments and accrued income Oth¢r debtors 53J91 8,980 7,783 28.772 3.527 70.154 32.299 16
KMB ESTATES COMPANY LIMITED BY GUARANfEE Notes to the Fin¥dncial Statements Year ended 31 March 2024 18. Credi¢or8: amounts falling due within one year 2024 2023 Trade Creditors Accruals and deferred income So¢ial security and other t&xes Other cr¢dttors 13,319 &160 1,145 686,698 7.680 670,724 709,322 678.404 19. Creditors: amounts falling due after more IhaD oDe year 2024 2023 Bank loans and overdrafts 311,256 20. An4lysis of ¢haritable fund5 untricted funds At l April 2023 Gains and At31 losses MY4r¢b 2024 Income Expenditure Generdl funds 3,252,870 393,096 (325,622) (48,882) 3371,462 At l April 2022 Gains and At31 losses March 2023 Income Expenditure General funds 3,194,161 193.768 (135,059) 3.252.870 17
KMB ESTATES COMPANY LIMITED BY GUARANfEE Notes to the Finaneial Statements Year ended 31 Mydrch 2024 21. Analysi4 of net assets bettyeen funds Unrestricted TotAI Fullds Funds 2024 Investments Cuent assets Creditors less than l year Creditors greater than l year Net assets 7,406,500 7,411600 85,540 8540 (709,322) (709J22) (3,511,256) (3Jll256) 3271,462 3,271862 Unrestricted Totsl Funds Funds 2023 Inv¢stments Current &8sets Credttors less than l year Crditors greater than l year Net assets 3,581,500 3.581.500 349,774 349,774 (678,404) (678,404) 3252,870 3.252.870 22. Relgted pydrties i) Donations received represents amounls aggregating £69.000 received from Companies onnected with the trustees of the Charitable Company. No restrictions were attached to any donations rec¢iv¢d. ii) Other creditors includes loans aggregating £670,723 due to Companies conn¢¢led with the trust¢es of the Charitable Company. The loans are interest-free and repayable on demand. 18