COMPANY REGISTRATION NUMBER: 10520302 CHARITY REGISTRATION NUMBER: 1179051 KMB ESTATES Company Limited by Guarantee Financial Statements For the year ended 31 Mar¢h 2025 COHEN ARNOLD Chartered accountants & statutory auditor New Burlington House 1075 Finchl¢y Road LONtK)N NWII OPU
KMB ESTATES COMPANY LIMITED BY GUAREE Finaneial Statements Year ended 31 Mareh 2025 PAGES TNstces' Annual Report (Incorporating the Director's Report) ltrJ4 tndependent Auditovs Report to the Members 5t08 Statement of Financial Activities Oncludlng Income and Expenditure Account) Statement of Fiti&ncial Position io Notes to the Financial Statements llto18
KMB ESTATES COMPANY LIMITED BY GUARANTEE Trusteesl Annual Report Oncorporating the Dir¢ctor's Report) Year ended 31 March 2025 The trusl¢&s. who are also the directora for the purpos&8 of company law, present their report and the financial statements of the charity for Ihe year ended 31 Mah 2025. Reference and administrative detsi18 KMB Estates Regls¢¢red charity nAme Charity registration number Company registration number 10520302 Principal office 80A Darenth Road London N166ED 1179051 Registered oifice New Burlington Hoe 1075 Finchley Road London NWII OPU The trnstees Mr S Berger Mi J Berger Mrs D Berger Mrs S Stein Alldltor Cohen Arnold Chartered accountants & slalutory auditor New Burlington House 1075 Finchley Road LONDON Nwii OPU Strudur4 governance 8nd manxgem¢nt The Charitable Company is constituted as a Company Limited by Guarantee and as such. its gov¢n)ing documents &re its meMorandn and Articles of Association. The day-tfrday affairs of the Charity are administered by the Trustees. None of the Trustees have any benefici81 interest in the Charity. It is not currenlly the intention of the Tn]stees of the Charity lo appoint additional new Trustees. Should th¢ situation change in the future. the Trustees will apply suitable recNitment trnining and induction proceduTes.
KMB ESTATES COMPANY IJMITED BY GUAIL4NTEE Trustees, Annual Report Uncorporating the Director's Report) (¢OAlthired) Yev4r ended 31 Mareh 2025 Objectives and activities The Cbaritsble Company is established to further ihose purposes both in the United Kingdom and abroad re¢ognised as Charitable by English lw. In furtherance of the aforementioned objects, the Charitable Company receives income mainly from charitsble receipts and investtnent properties. which it utilises in the provision and distribution of grants and donations that fall within in the objectives of the ChAritable Company. li has concentrated its activities in giving grants to institutions that focus on on the relief of poverty and the advancement of education and religion. Th¢ Charity's principal activity throughout the year was the provision and distribution of donations and grants to organi5alions, and no change is envisaged in the immediate future. The Trustees nfinn that they have ref¢rred to the guidance ¢ontained in the Charity Commission's generdl guidance on public benefit when reviewing the charlty's aims and objective5 and in planning future aclivities and s¢tting tl)e grant making policy for the year. Grant making policy Grants are made to Gharitable institutions and org¥nisations which accord with the objects of the harity. The Trustees are approached for dollations by a wide variety of charitable insiilthions opernting all over England. The trustees consider all request5 which they receive 8nd make donations based on the level of funds available. Achievements and performAn¢e During the year the charity Continu to Pwsue its philanthropic objects in support of educational. religious and other charitable organisations. Income from donations and investments aggregated £436.675. Tots] reSoUeS expended were £463,991. Grants and donation5 in the year iOtAUed £l10.750.
KMB ESTATES COMPANY LIMITED BY GUARANTEE Trusteu, Annual Report (IDcorporating the Dirertor's Report) fconth4e4) Year ended 31 March 2025 Finandal review The finan¢ial results of the chIty'S activities for the year to 3 1 March 2025 are fully reflected in the attached Financial Stat¢ments together with the Notes theTeon. The fitwicial FM)sition of the Charitable Company is satisfactory. Reserves pollcy It is th¢ policy of the Charitable Company lo maintain unrestricted fimds, which itKlude the fTee reseryes of the charity. at a level which the ttee5 consider appropriate. taking into account the future commitMes of the ¢harity and the likely Costs of the charity for the next year. At 31 March 2025 the charity had unrestricted funds aggregating £3,147,646. Risk managemen¢ The Trustees have identified and reviewed the major risks to which the Charity is exposed. and are sstisfied that systems are in plac¢ to manage those risk%. The principal risks to which the Charity is exposed are: Th¢ availability of liquid funds to make grants and donations Liabilitie5 arising from propety invesknent activity Tenant defaults Damage to proFrty from floo fire or terrorist &ction The economic cycle generally The Trustees seek to manage or mitigate such risks wherever possible through measures including i$Urance, tenant reenIng and monitoring, external expert advi monitoring and regular monitoring of the economic outlook. It is recognised that system5 can only provide reasonable but not absolute U]ee that mvljor risks hav¢ b¢en adequately managed. Pl*n$ for future periods The Charitable Company plans to continue the activities othlined above ITh the forthcoming years subject to sufficient income and in and in accordance with their grant malang wlicy. Tru5tees' ruponsibilities statement The trustees. who are also directors for the P of company law, are tEsponsible for preparing the tn]stees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclice). Company law requi$ the charity trteeS lo prepare financial statements for each year which give a 1rue aThd fair view of the state of affaits of the charitable company and the incoming resources and applicalion of re50urc¢s. including the income and expenditure. for that period.
KMB ESTATES COMPANY LIMrrED BY GUARANTEE Trustees, Annual R¢port IIneorporating the Dlrector's Report) (cl1 Year ended 31 Mah 2025 In ptrparing these fmancial st&tenent4 the tNstees are required to: select suitable accounting policies and then apply them consistently> observe the methcds and principles in the applicable Charities SORP. make judgments and accounting estimate5 that are reasonable and prudent. prepare the fiwicial statements on the going corKern basis unle&8 it is inappropriate to presume that the charity will ¢ODtinue in business. The trustees are responsible for ke¢ping adequate accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy at any time Ihe financial position of the charity and enable them to ensure that the finan¢ial stateTnents comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for iaking reasonable steps for the prevention and dete¢tioA of frnud and oth¢r irregularities. Audttor Each of the peOn$ who is a trustee at the date of approval of this rep)rt confirnis that.. so far as they are &iware, there is no relevant audit inforniation of which ihe charity5 auditor is unaware. and they have tsken all steps that they ought to have taken Ls a ttwstee to make themselves &ware of any relevant audit infornlation and to estsblish that the charity's auditor is aware of that infonnation. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2(Xl6. Smo11 company provisions This report has been prepared in accordance with the provisions applicable to companies entitl¢d to the small companies exemption. The Inxstee5' annual report was approved on 28 January 2026 and signed on behalf of the iwrd of trustees by: Mrs D Berger Trustee
KMB ESTATES COMPANY LIMTfED BY GUARANfEE Independent Auditor's Report to the Members of KMB Estates Year ended 31 Mrdrch 2025 OplnioD We have audited the financial statements of KMB Eststes (the 'charity') for the ye8r ended 31 March 2025 which comprise the statement of financial activities (including income and expenditure account), ststement of fi[n¢la1 position 2nd the related notes, including a summary of significant &w)unling policies. The financial reporting framework that has been applied in their prepardtion is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial ReFrf)rting Standard appliLzble in the UK and R¢public of Ireland (United Kingdom GeneTally Accept¢d Accounting Practice). In our opinion the financial stateTllents: give a true fair view of the state of the chwity's affairs as at 31 March 2025 and of its incoming resources and application of resources. including its iThcome and expenditure. for the year th¢n ended. have been prnperly prepared in awordance with United Kingdom Generdlly A¢¢¢pted Accounting Prdctice. have been prepared in accordance with the rquirements of the Companies A¢t 216. Basts for opinion We conducted our audit in accordance with Inten)&tional Stsndards on Auditing IUK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditr>Ps responsibilities for the audit of the financial statements section of our report. We are indep¢ndent of the charity in ac¢ordance with the ethical r¢quiremenis thal are relevant to our audit of the financiai statements An the UK including the FRC'S Ethical Standar& and we havc fuifLlled our other ethical responsibilities ITh accordance wih these requiretnents. We believe that the audit evidence we have obtained is suificient and appropriate to provide a basis for our opinion. Concluylons relAting to golng concern In audAting the finallcial statements, we have concluded that the trustees, use of the going concern basis of accounting inthe preparation of the financial statements is appropriate. Based on Ihe work we have perfornied. we have not identified any malerial un¢ertainlies relating to events or conditions that, individually or collectively. may cast significant doiibt on the charity's ability to continue as a going con¢¢m for a period of at least twelve Jnonths from when the financial ststements a authorised for issue. Our resFM)TL8ibilities and the responsibilities of the trustees with respect to going concern are described in the relevont sections of this report.
KMB ESTATES COMPANY LIKtTED BY GUARAIW4TEE Independent Auditor's Report to the Members of KMB Estate5 (¢oitllnwed) Year ended 31 March 2025 Other Inforniation The other inforniation comprises the infomiation included in the annual TeporL other than the financial State¢t5 and our auditor's report thereon. The trustees are responsible for the other inforniation. O opinion on the fu1claI statements does not cover the other inforniation and except to the extent otherwise explicilly stated in our report. we do not express any fonn of assurance conclusion IhereoJL In connection with our wdit of the financial ststements, our reswnsibility is to read the ottLer inforniation and. in doing so. consider whether the other infomiation is materially inconsistent with the finan¢iai statements or our knowledge obtained in the audit or otherwise appears to be materially misstst¢d. If we identify such material inconsistencies or apparent material rnisstst¢menls, we are required to determine whether theTe is a material misstatement in the financial Statements or a material misststement of the other infornlation. I£ bas¢d on the work we have perfornjed. we conclude that there is a material misstatetnent of this other infonnation. we are required to report that fact. We hav¢ nothing to report in this regard. Opinlons on other m8tter5 prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the inforniation given in the trustees, report for the financial year for which the financial statements are prepared is ¢onsistent with the financial statements. a1 the trustees, report has been Prepared in aOrdance with applicable legal uirements. Matter6 on which we are required to report by exeeption In the light of the knowledge and understanding of the cELarity and its environment obtsined in the course of the audit. we have nol identified materiaL misstatements in the trustees, report. We have nothing to report in respect of the following matters in rel&lion to which the Cop8n1eS Act 2006 requires us to rep)rt to you rf, in our opinion.. adequate Accounting records have not been kepL or returns adequate for audil h&ve not been received from branches not visited by us. or the financial stst¢ments are not in agreement with the accounting records and rettllns. or certain disclosures oftrustees, Temunerntion specified by taw are not made" or we have not rec<ived ail the infom)ation and expl10nS we require for ow audi( or the trustees were not entitled to prepare the financial stsiements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the directors, report and from the Tequirement to prepaTe a strategic report.
KMB ESTATES COMPANY LIMITED BY GuARArEE Independent Auditor's Report to the Members of KMB Estates (C•MIlo) Year ended 31 March 2025 Responsibllities of trnstees As explained more fully in the trustees, responsibilities stateffl¢nt. the trust (who are also Ihe directors for the Purposes of company law) are resFK>nsible for the preparation of the financi statements and for being satisfied that they give a true fynd fair view. and for such internal ¢ontrol as the trustees detennine is necessary to enable the preparation of financial statements that are free from material misstatemenl whether due to fraud or error. In preparing the finaJKial statements. the trustees are responsible for &85e55ing the charity's ability to conlinue &$ a going concern, disclosing, as applicable. mattets lated to going concern and using the going concern basis of accounting unLesS the trustees either intend to liquidate ihe charity or to cease operations. or have no re81i5tic alternative but to do so. Auditor's responsibilities for the audit of the finaneial st%tem¢Dts Our objectives are to obtain reasonable &8surallce abo whether the financial statements as a whole are free from material misstatemenL wheiher due to fraud or error, and io issve an &uditor's ieport that includes our opinion. Rea50n&ble assurance is a high level of assuran¢e, is not a guarantee ihat an audit conducted in accordance with ISAS (UK) will always dete¢i a material misst2ternent when it exists. Misstatetn¢nts can arise from fraud or error and are considered maleiial if, individually or in Ihe aggregate. they could reasonably be expected to infiuence the economic decisions of usern taken on the basis of thes¢ financial statements. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design pn)ceduTes in line with our responsibilities, outlined above, to detect material misMalements in respect of irregularities. including fraud. The extent to which our pro¢edur¢s are ¢&p&ble of detecting itTegularities, Inclj1g fraud is detail¢d below: We obtained an understanding of the le1 and regulatory frameworks that &re applicable to the group through discussion with the management and identified which wer¢ most significant with respect to the financial statements. We identified Companies Act 2006 (including associated regulations). Chariti¢s Act 2011, Charilies SORP (FRS 102), Financial Repjrting Standard 102, T&xation tAW5 and Regulations. Th¢ Landlord atid Tenant A¢t and Health & Safety Regulations as being most significant to these financial stat¢ments. We communicated these identified fr8meworks omongst our audit team atKI remained alert lo any indications of non-compliance throughout the audit. We ensured that the engagement tsam had sufficient competence and Capability to identify or recognis¢ non•compliance with laws and tEgul&tions. We discussed wilh the directors and senior management the policies and procedures regarding compliance with these legal and tEgulatory frameworks. We assessed the suseeptibility of the company's financial ststements to material misststement due to non-¢omplian¢e of legal and regul&tory fram¢work& including how fraud might (Kcur, by enquiry the directors and senior management during the pla[lg and finalisation phases of our audil and using proprietory disclosure ch¢cklisls. This w&8 deterniined to be low. Based on this understanding we des]ed our audit procedures to identify non-compliatKe wth the identified legal and regulatory MeWOrk, which were part of our procedures on the relaied financial statement items. Our procedures included Teviewing the company's internal ¢ontrols policies and pr(LYdures, reviewing the minutes of board meetings and correspondence with re8thatory bodies including HMRC. testing transactions outside the nornial course of the business and journal entries, and discussions with the directot3 and senior management.
IthIB ESTATES COMPANY L[IrrED BY GUARANTEE Indep¢ndent Auditor's Report to the Members of KMB Eslates (t•JtrtM#el) Year ended 31 Mar¢h 2025 Owing the inherent limitation5 Qf an audi¢ there is an unavoidable risk that we tnay not hay¢ dete¢led some material misslatements in the financial statements. even though w¢ have properly planned and Ferfornied our audit in accordan¢¢ with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the evenis and transactions reflected in the financial statements, the less likely the inherently limit procedures required by auditing standards would idenlify it. In additi(%). as with any audit. tliere remained a higher risk of non4letection of iTregulariti¢s, as these may involve collusion. forgery. intentional omissions, misrepresentations. or the override of internal ¢ontrols. We are not responsible for preventing non•compliance and Cannot be expected to detect non4ompliance with all laws and regulations. A further description of our responsibilities for the audit of the financial statements 15 located on the Financia] Reporting Council's website at wiww.frc.org.uklauditorsresw)nsibilities. Thi5 descriplion forms part of our auditor's report. Us¢ ofour report This report is made solely to the ¢harity'5 rnembers, a5 a body. in accordance with Chlpter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stste to the charity's members those matters we are quIred to ste to thetn in an auditor's report and for no other purpose. To the fullest extent perniitted by law. we do not accept or assume resy)nsibility to anyone other than the charity and the charity's members as a body, fc>r our audit worL for this report, or for the opinions we have formed. Asher St¢rnlicht (Senior Statutory Auditor) For and on behalf of Cohen Amold Chartered accountants & statutory auditor New Burlingion House 1075 Fin¢hley Road LONDON NWI I OPU 28 January 2026
I<MB ESTATES COMPANY LIMtTED BY GUARAIYTEE Stat¢ment of Financial Activilies (including income and expenditsre account) Year ended 31 March 2025 2025 Unr¢stricted fvrLds Total funds Total funds 2024 Note Income and endowments Donalions 8nd legacies Investtnent income 5,000 431.675 5,000 431,675 69.000 324.096 393,096 Total income 436,675 436,675 Expenditure Expenditure on raising funds: Invesknent management costs Expenditure on charitable activities Totsl expenditure (345.575) (345,S75) (264,804) 89 (118,416) (118,416) (60,818) (463.991) (463,991) (325,622) Net losses on investments 12 (96,500) (96,500) (48,882) Net (expendltureyincome and net movement ID funds (123,816) (123,816) 18.592 RecoDtiliation of funds Total funds brought forward Total funds Carried forward 3,271.462 3.147,646 3,271,462 3,147,646 3.252,870 3,271.462 The statement of financiat a1VIlieS includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Th¢ notes Dn p*ges li to 18 form part of thtst financial stAttments.
iavIB ESTATES COMPANY LIMITED BY GUARANTEE Statement of Financial Posltion 31 March 2025 2025 2024 Note Fixed assets Investments 15 7JlO,000 7.406.500 Current assets Debtors Cash at bank in haJMI 16 70,256 5,590 70,154 15,386 85,540 75,846 Creditors: atnounts falling due within one year Net current Ilsbllltl 17 (704,683) (709.322) {628,837) 6,681,163 (623,782) 6.782,718 Totsl assets less current liabilitiey Credltors: amounts filling de after more than One yesr Net 4s8ets 18 (3,533,517) 3,147.646 (3,511,256) 3271.462 Funds of the charity Unrestrithed funds 3,147,646 3,147,646 3271,462 3.271.462 Total Charity fund5 19 The financial stal¢ments have en prepared in accordae with ihe provisions applicable to companies SubJt to the small wmpanies, regime. These financial statements were approved by the board of trust5 and authorised for issue on 28 January 2026. and are sied on behalf of the board by: Mr S Berger Trstee The pAte$ 11 to 18 forrn part of these fLD•nci41 $tit¢m¢nts. io
IQVIB ESTATES COMPANY LIMrrED BY GUARANfEE Notes to the Flnancial Statements YeY4r ended 31 Mar¢h 2025 General infonn•lion The charity is a public benefit entity and a private company limited by guaronte4 registered in England and Wales and a registered charity in England and Wales. The address of the registered offi¢e is New Burlington House. 1075 Finchley Road. London, NWI I OPU. Statemellt 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 charilies preparing their accounts in a¢¢ordan¢¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities So1 (FRS 102)) and the Compallies Act 2006. Aecounting pollcies BASIS of preparation The financial statements have been prepared on the historical cost basis, as mtsjified by the revaluation of certain financial assets and liabililies and investtn¢nt properties measwed at fair value through income or expenditure. The financial statements are prepared in sterlin& which is the functional currency of the ¢ntity. Going concern Notwithstanding the companys deficien¢y in net current assets. the financial statements have been prepared in accordance with the accounting principles appropriate to a going concem. as the director has a reasonable expectation that the cotnpany has adequate resources to continue in operational existence for ihe foreseeable future by meeting its liabilities as they fall due. This is on th¢ bL8is that the Company has received an assurance from the primary creditor, that the amount owed to it will not be called for repayment until the Company is in a position to make su¢h a repaytnent without detriment to its ongoing aclivities. Judgements and key 80llrc of estlmotion un¢ertalnty In the application of the company's accounting policies, the trust¢es are required lo rnake judgements, estim&les and assumptions about the wrying amounts of assets and liabilities that are not readily apparent from other sources. The estimaies and &ssociated assumptiotL% are bd on historical experience and other factor5 thal are considered to be relevant. Actual results may differ from these estimates. Th¢ estimates and underlying assumptions are reviewed on an ongoing basts. Revtsions 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 boih current and future periods. The valuation of investment properties is inherendy subjective. depending on m8ny factors. including the individual nature of each property, its location and expected futur¢ Thet rental va]ues. market yields and comparable market transactions. Therefore the valuations are subject to a degree of uncertainty and are made on the basis of umptIOnS which may not prov¢ to be accurate. p8rticularly in periods of difficult market or economic conditions. li
KMB ESTATES COMPANY LIMfrED BY GUARANTEE Notes to the Financial Ststements (conlittAedJ Year ended 31 March 2025 Accounting policies (e•nrfM} Taxation The Charitsble Company is not liable to direct t&xation on its income as it falls within the various exemptions available to regisfrred Ch111¢$. Fund accounting Unrestricted fullds ar¢ available for use at the discretion of the ttlteeS to fill1her any of the charity's purwjses. Incoming resources All income is included in the statement of financial activities when entitlement has passed to the charity, il is probable that the economic knefits associated with the transaction will flow to the charity and the amount can be reliably measured. Income from donations or grdnls is recognised when there is evidence of entitlement to the gift, Teceipl is probable and its amounl can b¢ measured relAably. Resources expended Expenditure is recognised as soon as there is a present obligation committing the Charity to pay out resource& il is probable that a transfer of economic benefits will be required in settlement and the amount (2n be Mra1 or estitnated reliably. Grants payable 8re only CogniSed in the accounts when pai ltsvestment management costs Investment management wsts include costs relating to ih¢ investrn¢nt properties on an accrual basis. Support Costs Support costs are those costs which are common to all w¢as of the Organisatio These are allocated across all areas of activity on th¢ basis of the nnber of service serS for ea¢h activity. GoverDgiiee costs Governance costs are associated with the governance arrangem¢nts of the Charity and relate to the genernl running of the charity. These ¢osts irKlude audit, legal advic¢ for Trustees and costs &8so¢iated with meeling constitutionAI and statutory requirements such as the cost of Trustee meetings and the preparation of the Statory accounts. 12
KMB ESTATES COMPANY LIMITED BY GUARANfEE P4otes to tbe FinAncial StYdtem¢nts (coKliKlled) Year ended 31 Mareh 2025 AccouDtiDg poll¢ies (CUAtiN4ell Investment property Investm¢nt properties are recOlsed initially at cost. Subsequent to initial recognition- Investment properties whose fair value can be measured reliably are held at fair value. Any gain5 or losses lSing from changes in the fair value are recognised in the profit and loss accounl in the period that they lSe. and No depreciation is provided in resFtct of investhent properties applying the fair value model. The fair value of the invesiment properties is deterniined by the TnLStees. based on their understanding of Pyoperty market conditions and the specific properties concerned. using a sales valuation approaclu derived from recent compardble tran5a¢tions and market yields, adjusted by applying diseounts to Teflect status of occupation and condition. Flnancial instruments Finala1 InI[[lent$ are cla&8ifAed and accoLmted for. according to the substance of the contractual arrnftgement, as either financial assets, financial liabiliti or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. The Charity fillala1 assets and fanCIal liabilities of a kind th&t qualify as basic financial instruments. Basi¢ financial instruments are initially recognised &t transaction vue and subsequently measutrd at their settlement value. Trade and other debtors are Tecognised at the settlement amount due. Prepayments are valued at the amount prepaid. Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the trnnsfer 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 recognised at their settlejnent amount. Limited by gu*rants¢ The charity is a Company Limited by Guarantee and has no sEwe ¢&pitai. The liability of each Member inthe event of winding up is limited to £10. Donations and legaci UnTestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Donations re]Ved 5.000 5,000 69.OCKI 69.000 13
KMB ESTATES COMPANY LIMITED BY GUARANfEE F4otes to the Finaneial Staten)ents (t4wliN¥el) Year ended 31 Mareh 2025 Investment income Unrestricted Total FuDds Unrestricted Total Funds Funds 2025 Funds 2024 Income from investment properties Other interest receivable 431,675 431,675 323,744 352 323,744 352 431.675 431,675 324,096 324.096 Investment management costs Unrestricted Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Investment property outgoings Int¢rest payable 91.185 254.390 91,185 254J90 345,575 87.785 177,019 264.804 87,785 177.019 264.804 345,575 Expenditure on charitsble activities by fund type Unrestricted Total Funds Unrestricted TotaI Fwids Funds 2025 Funds 2024 Alleviation of wverty, advancement of education and religion SupEx)rt costs 110.750 7.666 118,416 110,750 7,666 118,416 52260 8,558 60.818 52,260 8,558 60,818 Exp¢nditure on chAritsble ae¢ivi¢ies by #c¢lvSty type Grant funding of activities Support costs Total fund5 2025 Totsl fund 2024 Alleviation of poverty, advancement of education and religion 110,750 7.666 118,416 60,818 IIL Analysis ofsupport costs 2025 2024 Auditots remuneration Other governance costs 7,320 346 4,320 4238 8,558 7,666 14
KMB ESTATES COMPANY LIMITED BY GUARANTEE Notes to th¢ Financial Ststements (CVMKthedJ Year ended 31 March 2025 11. Anglysis ofgrADts 2025 Grants to institutions Friend5 of Mosdos Torah Veyirah Friend5 of Toldos Avrohom Yitzchok Th15twell Limited Aid and Relief Yeshiva Gedoilah Torah Veyirah Limited J & R Charitable Trust Congregation Vyoel Moshe DEatmer Chartiable Trust Other donations less than £5,0 30,000 20,000 18,01)0 10,000 6,800 sooo sooo 15,950 110,750 Totsl grants All grdnts and donatiorLS were paid to charitable institlltiotLS for the purw of the Provision of education, advancement of Jewish Religion and relief of povety. 12. Net l(we$ on investments Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 G&insl(10sses) on Tevaluation of investment property (96,500} (9A5W) (48,882) {48.882) 13. Staff costs The were no employees during the year. 14. Trustse remuneration and ¢xpens¢s No trustees have been paid any remuneration or received any other benefits from the Charity. 15
KMB ESTATES COMPANY LIMrrED BY GUARANfEE Notes to the Financial Ststements (Cle) Year ended 31 March 2025 15. IDvestmeyhts Investment properties Fair value At l April 2024 Additions Fair value rnoyernents 7,40A51M) <960} 7JlO,000 At 31 March 2025 Impairment At l Aprll 2024 and 31 March 202S Carrying amount At 31 March 2025 7,310,000 7.406.500 At 31 March 2024 All investments shown above are held at valuation. Investment properties The Company's invesknent properties weTe valued by the trustees at 31 March 2W25 bLqed on the trust¢es' understalillg of property market conditions and the specific properties concerned using sales valualion approach, deriv¢d from recent comparable transaclions on tiie mark¢L adjusted by applying discounts to reflect ststus of occupation and condition. In the event of the realisation of the company's investment properties at an amount equal to the valuation recorded in the financial statements, no liability to corpordtion t&x on chargeable gains would arise because it Is anll¢iP&ted that all realised surpluses from the sale of investsnents will be applied for Charitable purposes and therefore will be exempt from cotyorntion 18x. The historica] Cost of the properties is £7.394.237. 16. Debtors 2025 2024 Trdde debtors Prepayments and a¢crued income Other debtors 48,948 13,525 7,783 70,256 53,391 8,980 7,783 70,154 16
KMB ESTATES corrfpANY LIMtTED BY GUA114NTEE Notes to the Financial Statemenrts (e*•l1wij Year ended 31 March 2025 17. Creditors: amounts falling due within one year 2025 2024 Trade creditors Accnjals and deferred income Social security and other tsxes Other credito 13.495 5,7(Ml 861 684,627 704,683 13.319 8.160 1,145 686,698 709.322 l& Creditors: amounts falling due after mor¢ than one year 2025 2024 Bank loans aThJ 0rdraftS 3,533,517 3,511,256 19. Analysi5 of eharitable fmnds Ullrestricted fuDds At l April 2024 Gains and At31 losses March 2025 Jn¢ome Expenditure Generoj funds 3.271.462 436.675 (463,991) (96,500) 3,147,646 At l April 2023 Gains and At31 losses Mh 2024 Income Expenditure General fill]ds 3,252.870 393.096 (325.622) (48.882) 3.271.462 17
KMB ESTATES COMPANY LIMrrED BY GUARANTEE Notes to the Financial Statements {&thIN¢1) Year ended 31 Mar¢h 2025 20. Analysrs of net assets between funds Unrestricted Totsl Funds Funds 2025 Investments CutTent setS Creditors le5S than l year Creditors greater than l year Net assets 7.310.0(M) 7JlO,000 75.846 75,846 (704,683) (704,683) (3.533.517) 13S33,517) 3,147,646 3,147,646 Unrestricted Totsl Funds Funds 2024 Investments Current assets Creditors less ihan l year Creditors greater than l year Net assets 7,406.500 7,406,500 85,S40 85.540 (709.322) (709.322) (3,511256) (3.511.250 3,271.462 3.271,462 21. Related partl¢s i) Donations received repre$ts 8n amount of £5.000 received from a Company connected with the trustees of the Charitable Company. No restrictio were attached to aDy donations rectived. li) Other creditors represents loans aggregating £670,723 due to Companies COnnled with th¢ trteeS of the Charitable Company. The loans interest-free and repay&ble on demo1. 18