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 t￿st￿& 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 accOunL￿tS & 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) (COnrt￿UEdj
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 r￿e 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 ￿s￿nsIble 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 re￿rt 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 prep￿d 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 ethi￿1
responsibilities in a￿ordanCe 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 tn￿tee$, 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 fIna￿CIal 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 e￿Or.
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 det￿ling
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$s￿l&t¢d
regulations), Charities Act 20 I I, Charities SORP (FRS 102), Financial Reporting Standard l 02.
T￿tIOn 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 pr￿edllre5 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 CO￿espondence 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 &C￿rdanCe 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
7,4￿6￿00
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 appIl￿b]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)
T￿tion
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
b￿ls.
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
a￿oUnt 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 a￿oUnt 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 insti￿tionS 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
3￿11,256
20. An4lysis of ¢haritable fund5
un￿tricted 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
Cu￿ent assets
Creditors less than l year
Creditors greater than l year
Net assets
7,406,500
7,4116￿00
85,540
85￿40
(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