Kurt Geiger Kindness Foundation (A Charitable Company limited by guarantee) Report and Financial Statements Financial year ended 1 February 2025 Company Number 13776784 Charity Number 1198460 Kurt Geiger Kindness Foundation Report and financial statements for the financSal year ended 1 February 2025 Contents Page,. Report of the Trustee5 Trustees, responsibilities in relation lo thè financial statements Independent aLtdilorfs report lo the Trustees of Kurt Geiger Kindness Foundation stalemgnt of financial actlvilles 10 Balance sheet 11-15 Notes forming part of the financial statements Kurt Geiger Kindness Foundation Report of the Trustees for th8 financial year ended 1 February 2025 The Iruslees are pleased to present their annual trustees, rewrt together with the audited financial statements of the charitable company for the financial year ended l February 2025 which are also prepared lo meet the requirements for a directors, rèport and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association. and the charilps Statement of Recommended Pracliee18pplicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; FRS1021. Incorporatlon The charSty was incorporated on 1 December 2021 and was active from this date onwards. Our purposes and actlvltles The purpose of the charity is to provide equitable access to the ¢realive industry lo young pèople from under- represented backgrounds. The strategies employed to achieve the charity's aims and objectives are to provide and assist in the provision of money, materials, or other help lo fuTlher the mission to provide equitable access to the creative industry to young people from m8rginalised backgrounds. Financial revlew The charity received donations lotalling £1,091 k12024.' £737kl from Kurt Geiger Limlted, its parent company. The charity distributed funds totalling £120k12024.' £184kl in the period to designated partners in line with the charity's objectives. As part of the charty's mission lo inspire and drlve confidence in young people from under-represented backgrounds the charity launched a free learning programme, Business by Design Academy. The 7-monlh learning programme offers game-ohanging skills with unbeatable exposure to the creative industry from Design, Buying, Marketing, Digital, S21es, Finance, Merchandising and Social Media with maslerclasses, paid work experience and mentoring from professionals. Further information in respect of the Business by Design Academy and designated partners may be obtained at hllps:Ilwww.kurtgeiger.comlkurt-geiger-klndness-foundation. Plan$ for future perlods The plan for future periods is to conllnue investment in the Business by Design Ac8dery. lo be able lo increase the nufflber of participants in the scheme within the physical academy in London, as well as providing all the available resources lo young people digitally. This will be in addition to expanding our footprint by further supporting grassrool organisalions and chartties in the UK and beyond, via grants. Resèrves policy Unrestricted funds are the 'free reSe￿e8, after allowing for all designated funds, Designaled funds al the period- end tolalling £431 k12024: £285kl are for the Business by Design Academy. Free reserves al the period-end are £nll12024.' £nlll. Reference and admini$tratlve detalls Charity numbgr 1198460 Company number 13776784 Registered office 24 Britton Street. London. EC1 M SUA Kurt Geiger Kindness Foundation Report of the Trustees for the financial year ended l February 2025 {contlnued) Our advisers Independent auditor Bankers Solicitors Grant Thornton 13-18 Cty Quay, Dublin, DD2 ED70, Ireland Lloyds Bank PLC, PO Box 17328, 11-15 Monument Street, London, EC3V 9JA Bates Wells and Brailhwaile LLP, 10 Queen Sl Pl, London EC4R 1 BE Trustees The dire¢lors of the charitable company (the charity) are ils Iruslees for the purpose of charity law. The trustees and offi¢er5 serving during the period and since the period end were as folltsws.. Dlro¢tors N C Clifford D N Christilaw R E A Farrar-Hockley P Montaner B Hagans J O A Emmanuel G Meyer lappoinled 6 May 20251 structure, Governance and Management Goveming Document Kurt Geiger Kindness Foundation is a company limited by guarantee governed by 118 Memorandum and Articles of Association dated l December 2021. 11 is registered as a charity with the Charity Commission, Kurt Geiger Limited is the sole guarantor and has guaranteed to contribute £1 in the event of the charity winding up. The Trustees confirm that they have reterred to the guidance contained in the Charity Commission's general guidance on public ben8fil when reviewing the Charity's aims and objectives and in planning fltlure aclivilies. Appointment of trustee8 As sel out in the Mèmorandum of Assooialion of the Kurt Geiger Kindness Foundation, the chair of the trustees18 nominated by KL¢rl Geiger Kindness Foundation. Subject lo Article 24, any person who is willing lo act as a Trustee, and who would not be disqualified from acting under the provisions of Article 26. may be appointed to be a Trustee by the Member lacling through an authorised represenlalivel setving notice in Writing on the Charity. The Member may specify terms of office which shall apply to any such Tmstee, bul if no term is specified when 8 Trustee is appointed, he or she shall iemain in office Lrntil he or she ceases to hold office in accordance with Articles 25.4 and 26. The Charity shall notify the Member of any forthcoming vacancies in writing al least six month5 prior lo the Annual Retirement Meeting al which the Trusleelsl in queslioll are set lo retire lo allow SLtfficienl lime for the consideration of new appointments and reappointments. Organisation The board of trustees administers the charity. The board normally meets bi-monthly covering development. membership, finance, and grants. An Executive Director is appolnled by the Iruslees lo oversee foundalN)n activit￿5 and a foundation officer is appointèd lo execute the day-lo-day operations of the charity. Kurt Geiger Kindness Foundation Report of the Trustees for the flnancial year ended l February 2025 Icontinuedl Related parties and Copoperation wlth other organisations None of our trustees receive remuneration or other benefit from their workwith the charity. Any connection between a Iruslee or senior manager of the charity with any fashion bTand and models musl be disclosed lo the full board ol trustees in the same way as any other conlraclual relationship with a related party. The charitable company receives donation5 from Kurt Geiger Limited, its guarantor and parent company. All adminislralive cos15 are borne by KLtrl Geiger Limited. Employees of Kkjrt Geiger Limited volunteered during the period. the trustees consider the employees as general volunteers and have not provided any assistance which is related lo their trade or profession. Tho role of volunteering consisted primarily of assisting at designated partner events. Our approa¢h to fundraising activities The charitable company does not actively fvndraise from the public or run legacy calnpaigns or undertake similar fundraising activities in ils own right or via a trading subsidiary or third party and the trustees have no plans to actively fundraise from the public in the foreseeable future. The charitable company is reliant on donallons from its parent company, which is funded IhroLJgh Kurt Geiger purchases. Polltleal donatlons There were no political donations in the current year12024.. £nill. Statement of dlsclosure of information to auditors So far as each of the Iruslees al the date of 8pproval of these financial statements are aware., there is no relevant audit information of which the Company's auditors are unaware., and they have12ken all the steps that they ought to have taken, as trustees, in order to make themselves aware of any relevant audit information and lo establish that the Company'5 auditors are aware of the information, Independent audltors The auditors Grant Thomton were proposed for reappolntment in 8ccordance with section 485 of the Companies Act 20(A. y order oard of Trustee5 D N Chrislilaw Trustee Date.. 7 October 2025 Kurt Geiger Kindness Foundation Trustees, responslbllities in respect of the report and the financial statements For the financial year ended 1 February 2025 The trustees (who ale also directors of Kurt Geiger Kindness Foundation for th& purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financial slalemenls in accordance with applicable law and regulations. Company law requires the trustees lo prepare financial statements fvr each financial period, Under that law the trustees have elected to prepare the financial slalemenls in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the trustees musl not approve the financial 8latemerEls unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resouTces, including the income and expenditure, of the eharilable for that period. In preparing these financial statements. the trijstees are required lo.. select suitable accounting policies and then apply them consislenlly.. observe the methods and principles in the Charities SORP IFRS 1021,, make judgments and accounting eslimales that are weasonable and prudenL stale whether applicable accounting stsndard compTising FRS102, have been followed, subject to any material departures disclosed and explained in the financial statements., prepaie the financial statements on the going concern basis unless il is inappropriats to presume that the Company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charilable cotnpany's transactions and disclose with reasonable accuracy al any lime the financial position of the company and enable them to ensure that the financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for thè prevention and detection of fraud and other irregularÈlie8. In preparing these linancial statements the Trustees have taken advantage of the small companies, exemplio provided in section 415a of the Companies Act 2006. By ordero e Board of Trust¢es D N Christilaw Trustee Dale- 7 October 2025 ## Independent auditor’s report to the Trustees of Kurt Geiger Kindness Foundation ## Opinion We have audited the financial statements of Kurt Geiger Kindness Foundation (“the Company”), which comprise the Statement of financial activities and Balance sheet for the period ended 1 February 2025, and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in the preparation of the financial statements is applicable law and accounting standards issued by the Financial Reporting Council including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice). In our opinion, Kurt Geiger Kindness Foundation’s financial statements: - give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice of the assets, liabilities and financial position of the Company as at 1 February 2025 and Statement of financial activities for the period then ended; and - have been properly prepared in accordance with the requirements of the Companies Act 2006. ## Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (‘ISAs (UK)’) and applicable law. Our responsibilities under those standards are further described in the ‘Responsibilities of the auditor for the audit of the financial statements’ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the FRC’s Ethical Standard and the ethical pronouncements established by Chartered Accountants Ireland, applied as determined to be appropriate in the circumstances for the entity. We have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees’ use of going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, 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 the date when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## Other matters The financial statements of Kurt Geiger Limited for the year ended 3 February 2024 were examined by Grant Thornton UK LLP on 23 October 2024, and the independent examiner did not draw attention to any matters. 5 ## Independent auditor’s report to the Trustees of Kurt Geiger Kindness Foundation (continued) ## Other information Other information comprises information included in the annual report, other than the financial statements and our auditor’s report thereon, including the Trustees’ Report. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies in the financial statements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: - the information given in the Trustees’ Report, which includes the Directors’ Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Directors’ Report, included within the Trustees’ Report, has been prepared in accordance with applicable legal requirements. ## Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified any material misstatements in the Directors’ Report included within the Trustees’ Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; [or] - in preparing these financial statements the Trustees have taken advantage of the small companies’ exemption provided in section 415a of the Companies Act 2006. Responsibilities of management and those charged with governance for the financial statements As explained more fully in the Trustees’ responsibilities statement, management is responsible for the preparation of the financial statements which give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice, including FRS 102, and for such internal control as trustees determine necessary to enable the preparation of financial statements are free from material misstatement, whether due to fraud or error. 6 ## Independent auditor’s report to the Trustees of Kurt Geiger Kindness Foundation (continued) ## Responsibilities of management and those charged with governance for the financial statements (continued) In preparing the financial statements, management is responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the charity or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the charity’s financial reporting process. ## Responsibilities of the auditor for the audit of the financial statements The objectives of an auditor are to 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 their opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance 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 influence the economic decisions of users taken on the basis of these financial statements. A further description of an auditor’s responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. ## _Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud_ Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Based on our understanding of the charity and industry, we identified that the principal risks of noncompliance with laws and regulations related to compliance with Data Privacy and Employment laws and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and local tax legislation. The Audit Engagement Partner considered the experience and expertise of the engagement team to ensure that the team had appropriate competence and capabilities to identify or recognise non- compliance with the laws and regulation. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial performance and management bias through judgements and assumptions in significant accounting estimates, in particular in relation to significant oneoff or unusual transactions. We apply professional scepticism through the audit to consider potential deliberate omission or concealment of significant transactions, or incomplete/inaccurate disclosures in the financial statements. 7 ## Independent auditor’s report to the Trustees of Kurt Geiger Kindness Foundation (continued) ## Responsibilities of the auditor for the audit of the financial statements (continued) In response to these principal risks, our audit procedures included but were not limited to: - enquiries of management on the policies and procedures in place regarding compliance with laws and regulations, including consideration of known or suspected instances of non-compliance and whether they have knowledge of any actual, suspected or alleged fraud; - inspection of the charity’s regulatory and legal correspondence and review of minutes of trustee meetings during the year to corroborate inquiries made; - gaining an understanding of the entity’s current activities, the scope of authorisation and the effectiveness of its control environment to mitigate risks related to fraud; - discussion amongst the engagement team in relation to the identified laws and regulations and regarding the risk of fraud, and remaining alert to any indications of non-compliance or opportunities for fraudulent manipulation of financial statements throughout the audit; - identifying and testing journal entries to address the risk of inappropriate journals and management override of controls; - designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing; - challenging assumptions and judgements made by management in their significant accounting estimates; and - review of the financial statement disclosures to underlying supporting documentation and inquiries of management. The primary responsibility for the prevention and detection of irregularities including fraud rests with those charged with governance and management. As with any audit, there remains a risk of non-detection or irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or override of internal controls. ## The purpose of our audit work and to whom we owe our responsibilities This report is made solely to the charity’s trustees, as a body, in accordance with chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed. Stephen Murray (Senior Statutory Auditor) For and on behalf of ## Grant Thornton Chartered Accountants & Statutory Auditors 13 – 18 City Quay Dublin 2 Date: 7 October 2025 8 Kurt Geiger Kindness Foundation statement of Financial Activities for the financlal year ended 1 February 2025 Note Unrestyicted Funds 1 February 2025 Unrestricted Funds 3 February 2024 £'ooo £'ooo Income: Donations 1,091 737 Total Incomè 1,091 737 Expenditure: Charitable activities Other 17301 12151 (3971 {1491 Total expenditure 19451 1546) Net movernent In fund5 for the perlod 140 191 Reconciliation of funds Total Funds btought forward 286 94 Total Funds carried forward 12 431 286 The statement of financial activities include5 all gains and108ses recognised in the period. Incoming resources and resouices expended are measured under the historical Gosl convention, All amounts relate lo continuing activities. The notes on pages 1110 15 form parl of these firnancial stalemenls. Kurt Geiger Kindness Foundation Balance sheet As at 1 Febmary 2025 Notè 1 February 1 February 2025 2025 £'ooo £'ooo 3 February 2024 £'ooo 3 February 2024 £'ooo Current asset8 Debtors Cash at bank 10 441 311 449 312 Credltors: amounts falling due withln one year 11 {181 1271 Totsl Net Assets 431 285 The funds of th¢ charity: Unreslricled funds 12 431 285 Total charity funds 431 285 The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to 8ccounling records and the preparation of financial slalemenls. The financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small companies, regirne and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial sl8lem8nls were approved by the TrL¢slees and aulhorised for issue on 7 October 2025. D N Chris Trustee Company number 13776784 The notes on pages 11 to 15 lorm pail of these financial stalemenls. 10 Kurt Geiger Kindness Foundation Notes formlng part of the finanGial statements for the financlal year ended 1 February 2025 Accountlng policie5 Basls of preparation The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities (Charities SORP IFRS 10211 and the Financial Reporting Standard 102 Section 1A applicable in the United Kingdom and Republic of Ireland IFRS 102) leffecllve 1 January 20191 issued in October 2019 by the Charity Commission. The charitable company constilules a PLJblic benefit entity as delined by FRS 102. Golng concern The financial statements have been prepared on a going concern basis. The trustees have reviewed the circumstances of the company and consider th81 adequate resources continue lo be available to fund the actwilies of thè company for the foreseeable future. Basic financial Instrument$ The company only enters into baslc flnancial instrument transactions that result in the recognition of financial assets and liabilitie5 like trade deblois and creditors. Trade and other debtors are recognised initia11y at transaction pri￿ less allribulable transaction costs. Trade and other creditois are recognised initially at transaction price plLJS alliibutable transaction costs. Subsequent lo ir¢ilial recognition they are measured al amorlised cast using the effective interest method, less any impairment losses in the case of trade debtors. Intome Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the ilem{sl of income have been met, il is probable that the income will be received and the amount can be measured reliably, The value of any voluntary help received is not included in the accounts but is described in the trustees, report. Expenditure and Irrecoverable VAT Expenditure Is recognised once there is a legal or conslruclive obligation lo make a payment to a third party. it is probable that setttement will be required and the amount of the obligation can be measured reliably. ExpenditL¢re is classilied under the following activity headings.. Expenditure on charitable activities Includes the costs of perfOrman￿S, exhibitions and other educational activities undertaken Its fLtrlher the purposes of the charity and their associated support costs. Other expenditure represents Ihoso items not falling into any other heading. Irrecoverable VAT is ¢harged as a cost against the activity for which the expenditure was incurred. Debtors Trade and other debtors are recognised al the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid nèl of any trade discounts due. ash at bank and in hand Cash al bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the dale of acquisition or openir¢g Df the deFX)5il or similar account. Kurt Geiger Kindness Foundation Notes forming part of the flttancial statements for the linanclal year ended 1 February 2025 {continuedl Accounting policies {contlnuedl Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resijlting from a past event that will probably result in the Iiansfer of funds to a third party and the amount due lo sellle the obligation can be measured or estimated relwbly. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unreslricled funds of the charity which the Iruslees have decided at their discretion to sel aside to use fvr a specific purpose. Critical accountlng judgements and estlmation uncertainty In preparing these fi'nancial slalemenls, the trustee5 have made no accounting judgements or estimates. Legal status of the charlty The Charitsble Company 1$ a private company limited by guarantee and has no share capital and is incorporated IN Ellgland and Wales. In the event of the Charitable Company being wound up, the liability In respect of the guarantee is limited lo £1 per member of the charity. The directors of Ihe charitable company are the Trustees and are named on page 2. The registered Gompany number Is.. 13776784 and the registered office is. 24 Brillon Street, London, EC1 M 5UA. Income from donations 1 February 2025 3 February 2024 £'ooo £'ooo Donatlons Donations 737 737 The income from donations was £1,091,190 (2024,, £736,670) provided as unrestricted funds from Kurt Geiger Limited, the charitable company's parent company. Analysi5 of charitable expenditure 1 February 2025 3 February 2024 £'ooo £'ooo Grants to charitable partners Business by Design academy 120 610 184 213 730 397 No support costs have been allocated lo grant-making activities. 12 Kurt Geiger Kindness Foundation Notes forming part of the financlal statements for the financial year ended l February 2025 Icontinuedl Other Costs 1 February 1 February 1 February 2025 2025 2025 Support Governance Total £'ooo £'ooo £'ooo 33 33 3 Fèbruary 3 February 3 February 2024 2024 2024 Support Governance Total £'ooo £'ooo £'ooo 42 42 Staff costs Independent examination fees Audit fees Advisory fees Group Recharge other 10 42 42 93 93 130 130 163 52 215 49 100 149 TrusteBS' Temuneration and expenses The charity trustees were not paid any remuneration. Trustees were ieimbursed for expenses tolalling £nil 12024.. £nill duThng the pefiod. Staff costs The charitable company has fwe employees. The employees are employed by Kurt Geiger Limited and included in accordance with section 9.28 of the SORP. There is one employee who received employee benefits (excluding employer pension costs) of more than £60,00012024'. 01. £60,000 - £70,IX)O £70,000- £80,000 £80,000- £90,000 £90,000- £100,000 Employees of Kuri Geiger Limited volunteered for 1,134 {2024.. 4091 hours during the finar¢cial year. The trustees consider the employees as general volunteers and have not provided any assistance which is related to their trade or profession. 1 February 2025 3 February 2024 £'ooo £'ooo Salaries and wages Social security costs Pension costs 187 16 11 73 214 84 Relat8d party transactions Donations of £1,091 k12024,. £737kl were received in the period from Kurt Geiger Limited, the charitable company's parent company. During the period Kurt Geiger Limited employees spent a lolal of 1,13412024.. 4091 hours volunteering on charitable piojects, Governance and supports costs lotalling £215k12024.' £149kl were recharged by Kurt Geiger Limited. 13 Kurt Geiger Kindness Foundation Notes forming part of Ihe flnancial statements for the ftnancial year ended 1 February 2025 Icontinuedl 10 Debtors 1 February 2025 3 February 2024 £'ooo £'ooo Amoullls owed by group undertakings 441 311 Amourbls owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand. 11 Creditors: amounts falllng due in one year 1 February 2025 £'ooo 3 February 2024 £'ooo Accruals and deferred in¢ome 18 27 12 Analysis of movements In funds For the financial year ended 1 February 2025 Balance 3 February 2024 £'ooo Income Expenditure Transfers Funds 1 February 2025 £'ooo £'ooo 1,091 £'ooo {9451 £'ooo 11461 146 Unrestricted Funds Designated Funds 285 431 285 1,091 19451 431 Designated funds of £431 k {2024,' £285kl relates lo the Business by Deslgn academy. lo be utilised in the next linancial year. For the financial year ended 3 February 2024 Income Expenditure Transfers FLtnds 3 February 2024 £'ooo £'ooo £'ooo £'ooo Unrestricted Funds 737 {5461 1191) Designated Funds 191 285 737 1546) 285 14 Kurt Geiger Kindness Foundation Notes forming part of the financial statements for the financial year ended 1 February 2025 Icontinuedl 13 Controlllng party The charllable ¢ompany Is a subsidiary of Kurt Geiger Limited. Kurt Geiger Limited is incorporated in England and Wales, registration number 00968046. The company accounts are available lo the publlc and may be obtained from Companies House. Kurt Geiger Limited is a footwear, bag and accessories retailer, Kurt Geiger Llmiled is the sole guarantor and has the power to appoint or remove majority ol Iruslees. The ultimate controlling party is Mercury A¢qLtisilions Topco Limited, a company incorporated in Jersey, registration nLtmber 120272. Mercury Acquisitions Topco Limited 15 considered ultimate controlling party by virtue of its majority ownership of Kurt Geiger Limited. The company's principal activity Is a holding company. Mercury Acquisitions Topco Limited's majority shareholder is the Fifth Cinven Fund. 14 Post balance sheet events On 12 February 2025, the shareholders of Kurt Geiger Limited ultimate controlling party, hllercury Acquisition Topco Limited entered into a Sale and Purchase Deed with SML UK Holding Limited I Steve Madden'l la UK incorporated Gompanyi and a subsidiary of Steve Madden Limited la Delaware corporation based in New York, United Stales) nder which Steve Madden would acquire 1000/0 of the share capital of MercLfry Acquisition Topco Limited, 'the Transaction" The Transaction was completed on 6 May 2025.