CHARITY REGISTRATION NUMBER: 1191798 LOC FOUNDATION Unaudited Financial Statements 31 December 2025 KBM K LIMITE Chartered Certified Accountants 1 Concord Business Cenlre Concord Road London UK W3 OTJ LOC FOUNDATION Flnancial Slalements Year anded 31 December 2025 Page Trustees. annual report Independent examinerfs report to the trustees statement of financial activities Statement of financial position Statem8nt of cash flows Noles to the financial statements LOC FOUNDATION Trustees, Annual Report Year ended 31 December 2025 The Iruslees pr&sent Ihelr report and the unaudited linanual statements ol the Charitable Incorporated Organisalion for the year ermjed 31 December 2025. Relorenco and admlnlstratlve detalls Reglstered charlty name LOC FOUNDATION Charlty regl$lr•tlon number 1191798 Prlnclp81 oftlce 18 Chesinul Walk Wallord WD24 6NS England The tru•tMs Mr S Ahmod MrFAIi Ms M Ahmed MrUAII Independent examlner KBM UK LTD 1 concord Buslness Cenlre Goncord Road London UK W3 OTJ Strueluioj governanco and marwgement LOC Foundation is charilable incorporated organisalion, were incorporated on 14 October 2020. The day lo day running ol the charity is led by managing trustee. Alr Faisal Ali who manage5 the daily actlvilies ol the charity and management related tasks. Mr Ali also participates in lundraising lor tho charlty and travels lo placgs wherg Gharllable aclwth'es are undertaken. Obl•ctIv￿ and actlvltles The charity helps poor tamilies, sGhools. children along the line ol control. This ranges from sending cjothes, provSde slalSonery equipment for schools, providing medical aid and IT equlpmenl for the poor. The maln L*Jjeclives ot the organisalion ara.. The prevention or relief ol poverty amongst those liwng in Kashmir Nakyal Sector by the provision ol grants ol Items, equlpment and tunds lo relieve their needs and the rg1ig1 and assistance ol people in Kashmir Nakyal Sector, who ale victims ol war or nabjral disaslgr, trouble or calastrophe in particular by Ihg suppty ol grants. The relief of financial naed and sullering among victSrns ol natural or other kinds of disaster in the lorm ol money lor olhgr mgans deemed suilablel lor persons, bodie5. organisalions allecled in such way5 as the trustees shall think lil. LOC FOUNDATION Trustees. Annual Report IcaiJlinuedJ Year ended 31 December 2025 Achlevements and p•rforman 1. Educallon Support Across Nakyal Roglon Charity delivered multip18 largeled inlervenlions lo Improve acc95S to education lor chlldren in rural Azad Kashmir: . Mouzzam Memorial Wellare Society. Nakyal PrO￿ded 1 lac PKR1£2631 to supply essenllal school malerSals Sncludlng slallonery. tK)oks and school Banala Junior School - Nakyal Donated 75,000 PKR lo purahas8 school chaSrs and study lat4es, Improvino the learnlng en￿ronment lor young 8tudenls. Impact.. Slrenglhened educational access lor children from low incorne familles and Improved classroom condillons in underserved schools. 2. H•<hcaro Improvom•nls for Loc•1 Communltle• Charity invgsled in critical healthcare inlr8slruclure.. Human Wgmare Trust . Nakyal Hospital Oonaled 2 laG PKR towards a dialyEls machSne, supportlng Ille saving Irealmenl tor kldney pallenls. Impact: Enhancad local hospltal capacAly and Improved acces8 lo e89enlial medical car8 for vulnerable patients. 3. Clean Water Acce8• Borehole Prolect- Suttan Baghla Funded a 250,000 PKFI borehole inslallatlon lo piovlde reliable aGGess lo Glean water lor the ommunily. Impact.. Reduced water 5carclty arKI Improved daSty livlng condillon8 lor lamlll88 In the area. 4. Communlty Inlrastructure & Welt•r• - Graveyard Improvements . Mohra. Nakyal Contributed 50,000 PKR for gssgntlal upJiades to Ihe local graveywd, overseen by a trustee. Nakyal (Lawl Bar Association Donated 50,000 PKR lo support the creation ol a small library and provision ol law ￿0kS lor local lawygrs. Impact- Strengthened community lacilltios and supported prole5sional devek)pmenl within the k)cal legal cornmunily. LOC FOUNDATION Trustees. Annual Report (eonllnthxl) Year ended 31 December 2025 5. Soclal Welfare Support - Orphan's WeLkling SuFPOrt Provided 1 lac PKR lo support the wedding expenses ol an orphan, ensuring dKJnily and community support for a vulnerable family. Impact.. Delivered compassionate assistanc8 to individuals lacing financial hardship. 6. UK-Ba￿d Communlty Support NICOP Renewal Event- Wattord Covered £203.70 In Siaff food expenses lor Ihg Paklstsn Hioh Commission NADRA Mobilo Team during a communlty NICOP renewal event organised by Loc Foundatlon. Impact.. Enabled local Paklslanl resldents In Walford lo accéss 88sènlial Idenllty 8ervlce8 conv8nl8nlly. Flnanclil rovlow The Charlly rec8lved donation and lunés £2,574 durlng th8 P8rfod. Total oulgolng resources amounted 10 £3.965 01 which £2.833 relates lo restricted charllable aclivrti88 and £1,132 on the cosls ol runnln Ihg olliGg and on olhgr Govemance costs. Total availablo funds at 31 Dgcgmber 2025 amounted lo £15,258 01 which £15.258 related lo unrestricted lunds. The Tru818es are sali8fl8d that the charitys actiwlies during tho period have mel their objedives and ar8 8alislied with the Ilnanclal position al the period end. The Irusl8es' annual report was approved on Iru51ees by: Mr S Ahmed Trustee LOC FOUNDATION Independent Examinerfs Report lo the Trustees of LOC FOUNDATION Year ended 31 December 2025 I report lo the Iruslees on my examination ol the financial statements ol LOC FOUNDAfioN Ilhe Gharilable Incorporated Organisatlon'l lor Ihe year ended 31 December 2025. ResponsSblltiie* and basis of roport As the trustees ol the Charitable Incorporated Organisalion you are responsible for the preparation ol the financial statements in accordanc8 wlh the requlrements ol the Charftles Act 2011 Ilhe Acl'l. I report in respect ol my examination ol th8 Chartlabl8 Incorporated organ￿SaI10n's Ilnanclal slalements arried oul Ljnder section 145 LJI the 2011 Act and in carrwng out my examination I have followed all Ihe applicable Directions given by the Cha￿ty Comrn1s8ion und8r Secllon 145lSllbl ol thé Act. Independmt oxamlner'• •t•tèmeni I have complgled my gxaminalion. I conlimi Ihat no material matters have come lo my attention in connection ￿th the èxamlnalion givirvJ me cause lo believe that In any material respect: accounlino iecords were nol kept In rgspeGI ol ihe Charttable Incory￿rated Organlsation as required by s8clion 130 01 the Act.. or Ihe Ilnanclal slalements do not accord wllh those records.. or the linanclal slalemen18 do not Comp￿ wlth the appllcable r8qulrements concernlng the form and conlonl ol accounts sel out In the Charities (Accounts and Reports) Regulations 2008 Other than any rgquiremenl that the accounts giv8 a Irue and lair, vSew which Is not a matter considered as part ol an Independent examination. I have no concerns and have come across no other matters In connectlon wlh the exarninallon lo which attenllon should be dra￿ in thls report in order lo enable a proper understanding ol the accounts lo be reached. KBM UK LTD Independgnl Examiner I Concord Business Centre Concord Road London UK W3 OTJ LOC FOUNDATION Stalemenl of Flnanclal Actlvltles Year ended 31 December 2025 )25 R851ricled funds Total lund8 Total funds 2024 Unreslyicted funds Noto Income and endowments Oonations and legacies Total Income 2.524 2.574 12,545 12,545 2,524 50 2.574 Expendlture Expendlluie on ralslng funds.. Costs ol raising donations and legacies Expenditure on charSlable activkles Total expendltura 532 600 532 2,833 10,453 10.453 1,132 2.833 3.96S Not (•xp•ndllurolAn¢om• 1.392 12,7831 11,3911 2,092 Translars bèiween funds 12,2901 2,290 Not movement In funds 18981 14931 {1,3911 2,092 Raeonclll•tlon ol funds Total funds brought lo￿ard Total funds carrl8d fornTard 16,156 15,258 493 16,649 15,258 14,558 16,649 Tho slatemgnl ol financial acliviligs Includos all gaifis and losses recognised in the year. All income and expenditur8 derive from conlinuinG aclivilies. The notej on pages 8 to 13 lorm part of these Ilnanclal statements. LOC FOUNDATION Statement of Flnanclal Pos5tlon 31 December 2025 2025 2024 Nots Current a88818 Cash at bank and in hand 15.859 17.556 Credltors: amounlo talllng (lue wlthln one yeav Net curront a¥4et8 600 15.259 16,650 Total a*Mts l••s currant Ilabllltl88 15.259 16,650 Not a88ets 15.259 16,650 Fund• ol the ¢h•rlty Reslricled funds UnTeslfiCt8d funds 493 16,156 16,649 15.259 Total charlty fund8 12 15,259 Thes8 Ilnancial slatgmenls were approved by the board ol trustees and aulhorfsed lor issue on and are s￿nad on behalf ol the board by.. Mr S Ahmed Trust& nol?¥ on page6 8 to 13 form part ol flnanclol statemenls. LOC FOUNDATION Stalement of Cash Flows Year ended 31 December 2025 2025 2024 Cash flow8 Irom oper•tlnq •cllvlt1•8 Nel18Kpendilureifincome 11,3911 2,092 Adjustm8nls kjr.. Inl8rest payable and similar charges 20 changes in.. Trade and other creditors 13061 11,6971 12451 1,867 Cash generated Irom operations Inlorest pald Nel cash (used inllfroTh opgraling activi118S 1201 1,847 11,6971 Nol Idocre••olllncrnft8e In cash and ¢o¥h oqulval•fit• Ca8h and cash oqulvalenti at beglnnlng ol year Calh •nd c•8h •qulv•l•nts •t ond ol year 11,6971 17,556 15,859 1,847 15.709 17,556 Thè not•8 on yge8 8 10 13 form part ol these flMn¢lal statemant8. LOC FOUNDATION Noles to the Flnanclal Statements Year 8nded 31 December 2025 Genwal Inlormatlon The Charitable Incorporated Organisation is a public benefit gmty and a registered charity in England and Wales and is unincorporated. The address ol the principd office is 18 Chestnut Walk, Wattord, WD24 6NS, England. Statement ot compllance These linancial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic ol Ir8land', the Slalemenl ol Recommended Practice applicable to charities preparing th9iT aceounls in accordance with the Financial Reporting Standard applicablg in the UK and Rewblic ol IreLqnd IFRS 1021 (char￿'8S SORP IFRS 10211 and the Charities Act 2011. Accountlna pollclos Ba818 ol preparatlon The Ilnancial slalemenls have been preparad on the hislor*al cost basis, as rnodllled by the revaluallon ol certain Ilnanclal assets and liabilities aTrJ investment propertigs mèasured al lair value through Income or expendlture. The linancial slalements are prepared In stgrh'ng, which is the lundional currency ol the enllly. Golng concern Theie are no material unGertaintles about the charllls a￿lIty to conilnue. Judg•monts and key 8ourc•8 of 08llmatlon un¢•rt•lnty There are no malarial uncertalntles about the charfl*s a￿lIty to conlinue. Fund Jccountlng Unrestricted tunds are avallable for use al the di$Grglion ol the Iruslees lo further any ol the charills purposes. Designal8d funds are unreslrlcled funds garmarked by the trustees lor partlcular lulure project or commitrnenl. Reslricled funds are subjected lo reslriclions on their expenditure declared by the donor or Ihrough the lerms of an appgal, and fall into one of Iwo sub-classes.. reslrtcled inGoTnfj funds or erKJowrllgnt funds. LOC FOUNDATION Notes to the Financial Stalemenls (conlinued) Year ended 31 December 2025 AccountlTrg pollcles fcominuad) Incomlng resources All incoming resources are included the statement of financial aclSviligs when enlltl8m8nl has passed to Ihe charity; it is probable that the economic benelils associated with th8 transaction will Ilow lo the charity and the amount can be reliably measured. The lollowro specific policies are aFplied lo particular Galggories ol income: income from donations or grants is recognised when there is evidènce ol enlitlemenl to the gill, receipt Is probable and ils arnounl can measured reliably. legacy income is recognlsed when receipt Is probable and enlillem8nl Is established. income from donated goods is measured al th8 falr value ol the goods unless this is Smpraclical lo measure reliably, in which case the value is derived from the cost lo the donor or the esllmal8d resale valu6. Donated lacililles and services ar8 recognised in the accounts when receivod il the value can bg reliably mgasured. No amounts are includod lor Ihe conlribullon ol general volunteers. incomo from contracts lor the supply ol services Is racognised wlh the dellvory ol th8 contracted service. This is classilied as unrestrictèd lunes unless Ihere Is a conlraclual requlrem8nl lor il lo be spent on a particular purpose and returned il unspent, in which case 11 may bg regarded as roslricled. Resourc08 8xp•nd•d Expenditure is recognised on an accruals basis as a liabillty is incurred. Expenditure includes any VAT which cannot be lully recovered. and is classified under headings ol the slatemgnl ol linaneial aclivlligs lo whlch11 relates.. expendlture on ralsing funds Includes the costs of all lundraislng aCtIv￿leS, events, non- charll8ble tradlno aGlivllies, and the sale ol don81ed goods. expenclilure on charflable activities includes all costs incurr8d by a charity in undertaklng aclSwlies that further Its charitable aims lor the benefit el Ils beneliciaries, including those support costs and costs relating lo the oovernance ol the charlly apportloned to charilable activities. other expenditure Includes all expenclituTe that is neilhor r8laled to r&sing funds lor the charlty noi part ol ils expendiluro on charitable acllwties. All costs are alloca18d lo expendilure Catego￿eS reflecting th& us$ ol the r9source. Direct costs attributable lo a sinole activity are allocated directly lo that activity. Shared costs are apportioned b9tween the actSvllies they conlrilxjte lo on a reasonablg, justiflabb and consislgnt basis. Flnanclal In$irumontg A financial asset or a financial Ilabillty is rocognised only when the Char[ta￿e Incoiporated Organisation bgGom8s a party lo the contractual provisions ol the Inslrumenl. Basic linancial inslrumenls are initially recognlsed al the amount receivable or paYa￿tr including any Telated transaction costs. LOC FOUNDATION Notas to Ihe Financial Stalemenls (willnu•dl Year ended 31 December 2025 Ac¢ountlng pollcles (Mnlinued) Finan¢lJl Sn8trumont8 I￿nI1￿￿d) Current a888ts and current lithlhles are subsequentty measur8d at the cash or other conslderalion expected lo be pald or receiv8d and not dlscounted. Debt instruments are subsequenlty measurad al amortised cost. Whgre investrnents in shar88 are publicly traded or their lalr value can olherwlse be measured reliably, the investment is subsequently meaSUTed al fair value Wth changes in lair value rgcoanised In income and exp&n¢Jilure. All other such Investments are subsequently measured at cost less Impalrmgnt. OtheT flnancial instrufflents, including derivatives, arg initially recognised al lair value, unless payment lor an ass81 is deferred beyond norm￿ business terms oi linanceé al a ral8 of interest that is not a rnarkel rate, in which case the assol is mgasured al the presgnl valug ol the lutura payments dlscounled al a markel rale ol inleresl lor a 5imllar debi inslrumenl. Olhei financial instruments are subsequently measured al lalr value. with any changes recognised In the slalemenl ol Ilnanclal actlvltlès, wlth the 8XCgPtlon ol hedglng instruments in designated heéglng relallonshlp. Financlal assets that arg measured al cost or amorlised cost ar8 r8vi&wed lor objective evidence ol Impairmonl al Iho ond ol each reporting dale. 11 there Is obSectlve evld8nce ol Impalrmenl, an impairment loss is recognised under the approprialg heading Sn the slal8menl ol linancial activities In whlch the Inlllal gain was recognised. For all eq￿llY Instrument¥ regardless of slgnrficance, and other IIna￿la1 assets that aro indlvidually slgnillcanl. these are assessed Individually lor impairmgnl. Olhgr linancial assets are either assessed indSvldually or grouped on the basis ol slmllar credlt rfsk characlerlstics. Any reversals ol Impalrment are recognlsed Immedlate￿, lo the exteni that the reversal does not result in a carrylng am¢Jvnl ol the financial asset that exceeds what the carrwng amount would have been had the impairment not w8viously been recognised. Donatlon• and ltyacleA Unreslrlcled Funds Reslrlcled Totsl Funds Funds 2025 Donatlons Donations 2,386 50 2.436 Glfts HMRC Glll Aid 138 138 2,524 50 2,574 Unrestrlcled Funds R8strlcle(J Total Funds Funds 2024 Donatlons Donations 6,567 3,830 10,397 LOC FOUNDATION Notes to Ihe Flnancial Statements (wrfinuedj Year ended 31 December 2025 Donatlons and legaci•s l¢onllnu Unrgslricted Funds Reslricleé Total Funds Funds 2024 Glfts HMRC Gift Aid 2.148 2,148 12,545 8,715 3,830 Co•t• of r•l•lng donatlon8 and legaclos Unrestricted Total Fund8 Unrestrlcted Total Fund5 Funds 2025 Funds 2024 Cosls ol raising donallon8 532 532 Expandlturo on charltsble actlvltl•8 by fund type Unreslrlctgd Funds Rgstrlcted Total Fund¥ Funds 2025 Charitable Acti￿119$ SuFport costs 2,833 2,833 600 600 600 2,833 3,433 Unrestricted Funds Rgslricted Total Funds FurKIs 2024 CharSlable Aclivllles Support costs 9,833 9,833 620 621 621 9.833 10,453 Expendlture on Ghorllablo •ctl¥ltles by actlvlty typg Activities undertaken dir8clly Support C081s Tolal lunds 2025 Total fund 2024 Charllable Actmtles Govemanc8 costs 2.833 2,833 600 9,833 620 600 2,833 600 3.433 10,453 LOC FOUNDATION Notes to the Flnancial Statements (conllnu Year ended 31 December 2025 Independent oxamlnation 1888 2025 2024 Fees payabl8 lo the irKIe￿ndenI examiner for.. Independeni &xarnlnalion ol the financial slalements Other linandal servlces 300 300 300 3(K) 600 600 Staff colts The avgiage head count ol employees durlng the year was Nil12024'. Nill. No 8mploy88 received employee teneltts ol mor8 than £60,000 durlng the year12024.. NIII. 10. Trustoo romunoratlon and •xp&n•e8 No salaries or wages have been paid lo emF￿0yees, Includlno the members ol the commlttee, during the year. The Trustees recewed no rgmunoralion or expenses lor adlng as Iruslees. Ouring the year the lot81 ol expense reimbursed lo the trust8es, incurred in the course ol acting a$ members of the charlly, amounted lo £NS1. 11. Crodltor•: omounta lalllno due wlthln one y•ar 2024 Trade cr6dilors Accruals and delerred income 600 600 600 906 12. Analyils of ch•rltable lunds Unio$lil¢tod fund• Al 1 Jan 2025 Income Expendrture Transfers 310ec 2025 G8n6ral Ivnds 16,156 2,524 11,1321 12,2891 15,259 At Tran81ers 31 Dec 2024 At l Jan 2024 Income Expgndllure General funds 14,558 8,715 16211 16,4961 16,156 12 LOC FOUNDATION Notes to the Financial Statements feonllnu•dy Year ended 31 December 2025 12. Analy$l$ ol charltable lunds ieanith[￿dJ Rostrlcted funds At Transters 31 Dec 2025 Al 1 Jan 2025 Incomg Exp&ndhure Restricted Funds 493 50 12,8331 2,290 Al TransleT5 31 Dec 2024 At 1 Jan 2024 Income Expendlture Restricted Funds 3,830 19,8331 6,496 493 13. Analy818 of net a￿?11 b8lw••n fund# Unreslilcled Total Fund• Funds 2025 Current assets 15,259 15,259 Unreslrlcled Total Fund8 Funds 2024 Current assets 18,650 16,650 14. Flnanclal Instrument• The carrying amount lor each ca16oory ol linanclal instrument Is as follows.. 2025 2024 Flnanclal a88018 measured at falr valuo through Incom• and •xp•ndlture Flnancial assets measured al lair value through income an expendSlure 15,859 17,556 1& Analy*l8 of chingo# In ngt dobi At Al 1 Jan 2025 Cash flows 31 Dec 2025 Cash al bank and In hand 17,556 11,697) 15,859 13