REGISTERED CHARrrY NUMBER: 1202730 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR TItE YEAR ENDED 31 MARCH 2025 FOR KINDGtVlNG FOUNDATION Prestons & Jacksons Partnersbip LLP Starn￿ry Auditors 364- 368 Crdnbrook Ro&1 nford IG2 6HY KINDGIVll¥G FOUNDATION coTrrrENTS OF THE FII¥ANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 MARCH 2025 P*£e Report of the Trnst I to 16 Report of the IDdepeDdent Audlton 17 to 20 StAtement of FInA￿lI1 Acthrfiles 21 StAtemeDt of Polhlon 22 Statement of Casb Flows 23 Notu lo tbe Statement ofc*sh Fknvi Notes lo the St*tements 25 to 35 Detalled St*temeDt of FIDAnclal Actlvlti 36 to 37 KtNDGIVING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustee5 present their rcFKYI with the financi81 sta￿¢￿ts of the clwity for tbe year ended 31 March 2025. The trustees have &Jopted thc provisions of Accounting and Rq)orting by Clwities: Statemeni of Recommended Practice applicable lo charities prq>ari￿ their accounts in accordance with the Financial Rery)rting Standard akylicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019). 0￿CTIVEs AND A￿1VITIEs Public benefit The trnsle¢s confirm that they have complied with the duty in section 4 of the Clwities Act 2006 to have due regard to public benefit guidanc¢ publis1￿ by the Commission in ddermining the activities undertaken by the Charity. FIDancl41 positlon Total incoming resources amounted to £15,811.758 (2024.. £118.671) in the year e￿Ied 31st March 2025 whilst out¥oin¥ resourc￿ W¢￿ £3208,108 (2024: £52,851). A SUTplus of £12,603,650 (2024., £65,820) was generata in th¢ year. AS a result. total fimds carried forward as at 31st March 2025 were £12.669.470 (2024.. £65,820) of which £273.968 (2024: £65,820) were unr¢stricle4 £4,303,580 (2024.. Nil) were restricted and the rem8ining funds of £8,091,922 (2024: Nil) were endowment fim&. STRucfuRE, COVERNANCE AND MAF4AGEMENT GovernlDg document The charity 8overning document is a CIO Association m(Mlel Const)￿tIOn registered with Charity Commission, as defined by Cbarities Act 2011. on 14th Apr 2023 and amended on 26th September 2024. REFF.RENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1202730 Prlnclp•l Addre¥ 7 Bell Yard Ddon WC2A 2JR Trusteei Unays Adatn Apw>inted on 26th September 2024 Muhammcd ZahiT Dadabhai . Ap￿TrIntCd on 26th Septembu 2024 tmtiaz Patel - Appointed on 1st July 2024 Asiab Azizi . Rcsigncd 27th Scptcmber 2024 Raeez Ahmed Palcl . Resigned 27th 2024 Waseemyusuf Tailor- Resigned 27th Nov¢mb¢r 2024 Auditon Prestons & Jacksons Partnership LLP Statutory Auditors 364- 368 Cranbrook Road llford Essex IG2 6HY Page I KINDGIVING FOUNDATION REpoirr OFTHETRUSTEES FOR THEYEAR ENDED 31 MARCH 2025 Annual Report 2024125 Serving wilh Purpose . Giving wilh Inlegrity. Buildingfor Eiernity Registered Charity: 1202730 Contents Annual Report 2024125.. 2024-25 At a GIAnee................................................ . oreword from theTrustets................................................................................................ l. Str*teglc Clarlty & Puryoseful Phllanthropy............................................................... 2. Fund typei............................................................................ .. 2.17Aknt ￿ Povety Relief & Ern￿wern1en1 Fund......................................................... 2.2 Purification -￿ Ethical Rcdistribution FuDd................................................................ 2.3 Sadaqah ￿ Capacity & Endowment Impad Fund.... 3. Strong Due DlllgeDce & Rlsk M2DAgement................................................................... 4. E8tAbllshlng the KGF Endowment.... S. Partnersbip Development & Horlzon Sexnning............................................. 6. Efficlent & CompA$$Aooat¢ Grant M•Da8em¢nt........................................................... 7. Operatlonal Exeellenee & Govern4nce........ 8. ExperleDC& Inslght & Continuous Learnlng........................... .... ............... 9. Implet Measurement Framework................................................................................10 10. Capaclty Bulldlng & Eeo8y8iem Strengthenlng..... .... .. .13 11. Flnanclal Stewardshlp & Efflclency................................................................ ..........14 12. Infonnatlon M￿agemen￿ Transpareney & Aecountablllty ...................................14 13. Lookkng Ahead: 2025126 Prlorltles................. .15 Concluslon..........................................................................................................................15 Page 2 KINDGIVING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 202¥25 at a Glance Key figllres for the year ended 31 March 2025 £15.8m £3.21m Totsl inrJ)me Total resources expended £2.93m Grants paid during the year £7m Endowment valu¢ s¢¢ur¢d (property) 20 14 Number of grants awarded UK Grantee partntts fimded 24 Restricted funds (Zakat & Purification) OA of totsl funds held at year-end M¢di8n tim¢ from approval to disbursement Page 3 KINDGIVING FOUNDATION REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Foreword from the Trustees Thi5 year marked a profound transition for the KindGivtng Foundation (KGF)- from a small charitsble organisation into a fully functioning strdtegic funder, a developer of endowments. and a tn￿t￿ partn¢t for both donoTS and delivery orgaDisations. The Foundation has wwn significantly, and we have been able to steward record levels of incoming resources responsibly, establish pern￿n￿l endowm¢nts, str¢n8th¢n governanc¢, and support grantees working across p)verty relief, health, education, leadership* and community resilience. Our objective has never been scale or v]￿7)111ty. It is simply to fulfil the tsust plathl upon us with ¢x¢¢ll¢nc¢, to s¢rv¢ b¢n¢ficiari¢s with dignity, and to facilitate good- with transparency, humility, and accountability. KGF WOTks with bcneficiaTies of all back￿undS where peTmitt by the fund type and in a)mpl?ance with UK charity law. Unlike traditional chariti¢s, KGF does not run campaigns or solicit public donations. Our model is intentionally private and strategi¢, enabling us to focus on due diligence, impacL lon8-terni solutions, and a high-trust relationship with our donors. All activities undertaken during ihe year were Carri￿ oul in furtherancc of the Foundation, charitable pUr￿seS and for the public benefit, as defined by the Charili&s Act 2011. Trustees remained mindful of the Foundation's principal risks, including Lyrnpliance risL partner delivery risK and reputationa] risk. and are Satisfi￿ that appropriate systems of oversight and mitigation were in place throughout the year. l. Strategic Clarity & Purposeful Philantbropy Why KGF Extsts KGF was establish￿ to address a Clear nced within the charitabl¢ ewsyst¢m: a fund¢r that is not driven by public fundraising but instead operates as a strategic philanthropic institution prioritising strategy, due diligenLY, compliance. and long-temi benefit over scale or visibility. OUT purpose Is to serve as a quieL high-integrity backbone for the sector: Stren￿eThIng institutions, building endowments, supwrtitig impacthd organisations, and stewarding donor fimds responslbly and professionally. A mtssion gufided by vxluey and evidenee KGF exists to empower peopl4 stren8th¢n organisations, and build sustainabl¢ solutions through high-integrity, va]ues-driven philanthropy. This year we fornlalised: Page 4 KINDGIVING FOUNDATION REPORT OFTHE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2025 Mis$loD Statement: To strengthen communities through strategic givin& endowments, and capacity buildin& enablin8 lon8-tern] impact and dignity for beneficiaries. ObJ¢¢tlve8 and Key Results (OKR): T￿￿eting eff￿tiVeness. efficiency, complian and ecosystern developmenL Tbeory of Change: Linking donor intention ￿ strong i￿￿titutIOnS * sustsinable PTogrammes ￿ dignified outcom¢s for people. This strategic clarity ensured that every ￿an1, partnerskn'p, and investment align￿ with purpo allocating charitable resources where need and impact ar¢ greatest. All our activities are guided by core valucs -tnLsL excellence, public benefiL and transparency cnsuring int¢grity in ev¢ry decision. 2. Fund types fund strnctures mirror Charity Commission rcquirements for restricted and unrestrict&l funds, while also complyin8 with donor intent. 2. I Zakat Poverty Relief & Empowemient Fund The Pov¢rty R¢li¢f & EmEK)wernJent Fund represents all 7akai designat￿ donation administered strictly in accordance with the eight ellgible 7akat Categories. Durtng 202k25, 7akat funds were applied across a balanced wrtfolio of immediate relief, recovery, and long-tern] empowermenL where beneficiarles met zakat eligibility Criteria as assessed throu¥h duc dili8enL% and partner verili¢ation. Eligible uses included: Immediate humanitsrian relief (e.& food insecurity, moaical ¢rner8encies, debt relief. di5pla¢ement and crisis respo1￿e) Health Interventions (including ]ife-saving proc&lures and e&8ential treatn]¢nt) Educatlon Ind Skills development where beneficiaries qualified as poor, indebted, or vulnerable Livelihoods and kncome-gelleraling Support d¢si8ned to restore self-sufficiency ConllDMnlty-based recovery and reslllence initiatives for zakat-eligible p)pulations Ali zakat fimds were fvlly restricted. beneficiary-le¢L and deployed in line with both classical jurisprudencc and contemporary scholarly guidanc4 as well as Charity Commission rquirements on Testricted inLx)rne. Page 5 KINDGNING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 2.2 Purification -> Ethical Redistribution Fund The Ethical Rtilistribution Fund compris¢s all purific*ion rnoni￿. including Cleans￿ inwme derived from: int¢r¢st-T¢latcd receipts. non-perniissible or doubiful in￿Me, rrective Teallocations. 10 202k25, purification funds were not treatol &8 c}￿ltabl¢ ineome and were not merged with zakat or Unrestrict￿ funds. Consistent with cthical and jurisprndentiaj guidance, these f(mds were r￿istributo1 Bcross pemiissibl¢ social benefit categories, including: hardship and assenti￿ needs SUPPOTL community w¢llbeing and inclusion irritiatives, educatio￿ researcll and prevffAlative interventions, instI￿tional and e¢o$ystem strengthening with no spiritual benefit accrued to the donor. Purification fimding wffe applied to values-aligned, public-benefit activities, with a clear separation from zakat and donor-restrieted sadaqah stream4 re￿￿ting their distinct ethi purpose. 2.3 Sadaqah ￿ Capacity & Endowment Impact Fund Th¢ Capacity & Endowment Impact Fund represents unrestrictol sadaqah 8nd general philanthropic givin& deployed strategically to strengthen institution4 systems, and long-tenn community oUt￿m¢s. During 2024-25, this fimd sw>w)rted: organisational core and wity LX)sts endowryneot and waqf development governanL*, leadership, and infitsructure research, learning, 8nd sector innovalion strdtegic prowm¢s advancing religio￿ educatioffj and social resilience These grants were intentionally focused on long-t¢mi emEK)wennent rnth¢r than short-tcrm relie£ enabling delivery parthers to improve effeLtivenes4 sustsinability, and reaclL Page 6 KINDGIVING FOUNDATION REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2025 This fill￿ provides KGF with the flexibility to act as a strategic, systems-level fimder, investing in durable impact and reducing long-teTm dcpcndency on eMerg￿¢Y interventions. 3. Strong Due Diligence & Risk Management We implemented a rigorous yet grante¢-fri¢ndly duc dilig¢n¢¢ fram¢worL b￿anCIng. Impact wtential Financial stewardship Saf¢8uardio& Anti.Money Laundering (AML), governancc and ￿MplianCe Organisational health Values driven guidance Our new risk matrix, grant SCOTin8 tool. Know Your CustomerlDonoT (KYCID) standards, and tiw¢d du¢ dilig¢nr¢ lev¢ls ¢nabl￿ hIgh￿UalIty decision-n￿k1n8 without ove￿UrdenIn8 smaller charities. This enabled turnamund times ￿ short &s 10 days for priority OT time-s¢nsitive applications, with averdge decision timelines of1-2 months. Prlncipal Risks and Mitigation Com liance & re External audi l advi documenled controls Partner delive Due dili ence sta fimdin monilori Restricted fund misuse ted funds a rovai controls utational risk Values-based screenin erational ca acit Lean model with s ialisl su IT systems & third-party Supplier due diligenc< accredited cloud providff su lier failure data backu s contin enc lans Investm¢nt concffltration Diversified &8set allocatio￿ trust¢¢ ov¢rsight* p￿lOdi¢ risk rebalancin Safeguarding expectations forn] part of KGF'S due diligence and grant conditions. Partners are required to maintakn approwiate safeguarding px)licies and rewrt serious incidents in line with regulatory rquirements. lato 4. Establishing the KGF Endowment Endowments function similarly to perni&n￿l charitable endowments rel￿￿ls￿ across UK philanthropy. with regulated 8overnanc¢ and reportin& A major mil&stone this year was the SUc￿Sful launch and operatiimalisation of our elldo￿nent with some key milestones: Page 7 KINDGIVING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 £8,063,031 was donated for the KGF endowinent Completion of inveslment due diligenK including propaty assessment, Valuatio￿ and legal review Aquisition of our propertias (valued at £7,(M)8.079) Establishment of yield managem￿( investment wfonnance management and maintenance cycles Adoption of CCl*rA)mpliant pcmlancnt ¢ndowm¢nt polici Clear demarcation b¢tween public endowment donalions ana private opffational fundin8 (OPEX) Endowment governance introduced with annual rq￿rtIng io donors This foundationaE work m¢an8 KGF ¢an generate ongoin& PCTpetua] benefit at institutional scale. 5. Partnership Dei'elopment & Horlzon Scanning A core part of our mission is enablin8 excellence in th¢ wider tharity ¢wsystan. In 2024125 we.. Developed relationships with 14 grantee organi5ations Issued funding a￿eemellts with clear expectations and accountability Introduced dpAaila rep)rtin8 for donors Be8an building a globa] partner intclli8enee nthork to monitor risks and opp)rtLmitics in emerging contexts 6. Efficient & Compassionate Grant Management During a period of significant organisational growth, KGF maintained a robust and well- controlloj grant management Ol￿atiOn which: Paid £2,927,428 in granis to d¢liv¢ry partnths during the year Implemented our Grani making online portal with workfiow autornation Reduced approval decision timeframes to as little as 10 days for priority cases Devclopcd Standatdised want agrecments Prq)ared regular. drtailed reporting Managed the growth of the totsl number of applications effectively Page 8 KINDGIVING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 We Striv￿ to minimise administrative burden on ￿ante￿ and maximise time spent serving beneficiaries. 7. Operational Excellence & Governance structu￿ Governance and Management The Foundation is governa by a Board of Trustees reswnsible for strategic direction, fiduciary oversight. and safeguardin8 charitable assets. Trustees mert r¢gularly and dele8ate day-t041ay managcment to the Chief Executive under a forn)al scheme of delegation. Grant-making decisions are guided by published eligibility criteri￿ fimd restrictions, risk assessments, and due diligence checks PrO￿rtIOnate to grant size and Lx)nt¢xt. Monitoring and reporting expectations ar¢ agreed contractually with all partners. Kcy dccisions relating to grdnt approval8 restricted funds, and risk are subject to documented controls, conflict-of-interesl nw)a8ement, and proFK)rtionate assurance processes. To protect donor intention and restricted fund integrity, we al￿ Strengtheft￿ int¢rnal gov¢rnaThce through.. Independent statutory audtt was undertaken in accord8nce with Charity Commission requiremcnts. with findings informing orgaDisationai development priorities. New internal w)licies including Anti-money Laundering (AML), Know your Customer (KYC), Safeguardin& Finano Dala protectio￿ Confiicts of interest and a COTporate Risk register. Automation of finanrx* payments, grant workflow, and monitoring processes. Transparent rqK)rting and publication of grant and impact dat& Commitment to a 8rantee-centric approacty reducin8 bureauw and strengthening long-terni or8ani5ationaJ hcalth. 8. Experience, Insight & Continuous Learning KGF invested significantly in learnin8 to strengthen future d￿ls1On-Makin8. Kcy improvements this year included: Engaging sector experts - Including charity sector and M&E s￿i￿lsts - to refine our approach to eviden¢trbased ￿vI Participatin8 in key Conferences and roundtables, ensuring KGF Tcmains all￿ed with b¢st practice in philanthropy and ethical finance. Page 9 KINDGIVING FOUNDATION REpoKf OFTHETRusfEES FOR THE YEAR ENDED 31 MARCH 2025 Joining Funders Networts, contributing lo peer learning and se¢tor-wide collaboration. Consulting directly with grantecs &8 participatory funders, engaging delivery partners in structured dialogue on needs, desig[4 and implementation assumptions to ensure interventions were best-fiL context-appropriate, and more likely to deliver sustainable, long-temi outcomes. Undertaking'lnsighis & Learnin￿ briefs to capture lessons from grants, due diligenc4 and fieldwork. These activities directly improved the quality of our decisions. Sharpen￿ our ￿t making processes, and strengthened our ecosystcm-wide understanding of risk and impact. 9. Impact Measurement Framework We ¢reatal KGF'5 first Impact Me&surement & Lemiing Fr8mewoTk, co-developed with grantees containing: Clear outcome domains: wellbeing, dignity, resilience and sustainability. Theory of change aligned with ¢thi¢aJ prin¢ipla - ¢x¢ell¢nce, x publi¢ benefit etc. Practical, non-bwdcnsomc rel￿Ing tools. Beneficiary-centric appro￿h. Early pilots with charity parthcTY. DLring the year, pilot outcome tracking was tested across Select￿ health and livelihoods grants, including indicators such as tr￿tM￿t ¢ompl¢tion rntes and post-intervention income stability. Further outcome standardisation and partn￿-leVel remin8 will b¢ developcd in 2025126. C49e Study: UK Hardship Support & Econ0n￿e ErnpowermeDt Context The UK L￿81-Of-11Vlfig crisis Continu￿ to place acute pressure on low- income Muslim households in 2024, with rising rents, health-related income loss, and debt driving increased hardship. Many households faced immediatc risk of housing insecurity, utility arreaTS. and inability to meet basic neals, alongside limita access to cultw￿lY appropriate financial Page10 KINDGIVING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 KGF appliol restricted fimds to sllp￿rt the National Zakat Foundation INZF) to deliv￿ zakat-¢ligibl¢ hardship assistanc¢ and cconornic empjwernient support through its Hardship Relief, Housin& and Em￿)wernIent Funds. Grants were assessed against zakat eligibility crAt¢rAa and delivered through a combination of direct applications and community- basd distribution parth¢rs, including mosques and local organisations. InterveDllon Outputs Emergency cash grants for essential living ￿Sts, housing stability, and utilities SUp￿rt delivernl through NZF'S national $yst¢m and community Zakat parthers Pathways into training and employmenl through NZF'S emerging Empowernient Pro8ramm¢ Integration with debt advi¢¢. budgeting suppo¢ and Wrap-around Outcomes In]moJiat¢ finall¢1￿ prtssur¢ re41uc¢d for vulnerable households Impmved housing stability and ability to meet basic needs with di￿llY Incr￿S￿ confidence. wcllbcin& and LX)rnmunity connection rep)rted by recipients Early evidence oftransition from Crisis sUPp￿rt to skills development and incom¢ recovery for seleeted beneficiaries Learnlng The prO￿e demonstrat￿ that locally d¢liv¢rests remained proportionate relative to totsI incomin8 resources. All fmancial terniinology in thi's re￿)rt is align￿ to the Ststement of Financial Activities (SOFA) and prepar￿1 in accordanex with the Charities SORP (FRS 102). Reserves Endowment Polley The tNstees define 'free reserves, as unrestricted funds available for the general PuT￿)se5 of the Foundation, ex¢ludin8 amounts held in rostricted funds and endowment funds. The Foundation's mi)del is to dq)loy fimds for charitabl¢ impac( so it holds only a modest level of unrestricted free rc8eTVCS. The tru5tee5 aim to maintain free reserves broadly quivalent to three months of the Foundation's core supwrt and governance costs. to provide worknng capitsl and short-tcrm operational rcsiliencc. Th¢ rcswv¢s position is r¢vi¢wol at l¢a8t annually and adjusted in line with the Foundation's scale. risk profile and planned cnmmitm¢nts. Thc majority of fimds are either Testri(#ed or held as pemianent endowment. Pernianent endowment a&8ets are preserval in awrdan¢e with donor int¢nl with capital preserved and income applied in line with the Foundation's chaTitabl¢ obJ￿tIv￿. 12. InformAtlon iManagemen( Transparency & Aecountsbility KGF Stren￿hened its inforniation systems to ensure transparency, compliance, and dats-drlven decision-making. Notable improvements includ¢d: Documenting core processes a￿osS financ< ￿ts, M&E. CR￿ due diligenc4 and endowment management. Page 14 KINDGIVING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Iaunching a slTUCtUT￿l intanal knowledge base for policies, templates, and governance t()ols. Publishing grant lists and impact SuMn￿e8. reInfO￿tnB transparency and donor confid¢n¢c. Dcvcloping real-time da5hboan]s for trustecs and family office donors. Improving audit readiness, with fully document￿ workflows and clear data trails. Committing to honest r¢portin& including thallen8e4 delays, and lessons learn￿1. These up￿leS ensure KGF operates with clarity. Inte￿ity. and a￿u￿￿bilLty at every level. 13. Looking Ahead: 2025126 Prioritles Increase pern￿llent endowment assets lo secure lon8-lerni public benefit Deepen due diligence & impaa me&8ur¢ment Expand UK px)vety & hardship support Stren8then charity relatiorL8hips for global development pathways Provide guidance on our philanthropic approach Enhance donor rewrting and transparency Each priority will b¢ assessol agtiinst defined su¢¢ess measur4 including delivery timelines, partner feedback, and evidence of improved oUt￿Me8. Conclusion Everything achievd this year has only b¢¢n possible through thc cA)Ilective effort, trust. and goodwill of the p￿pIC and Organisations who support our mission. Our responsibility is to work diligcntly, steward resources with intwity. and ensure that those we serve are treat￿1 with di￿lty and respect. W¢ extend our sincere that&s to our donors, pattnct5, tntstees. &lvisors, volunteers, and egpecially our granteu - wh08e frontline work creates real impact every day. We remain committed to learnin& improving, and ensur1￿ that the Foundation continues to deliver meaningful benefit for generations to come. Apppvved by the Boanl of Tr￿le&s on behalfofthe KindGiving Foup&4ation. Page15 EnvelDr• ID.. E2973F9WCFgA97M731-01220724B873 KII¥DGIVllYG FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustc¢s th[¢ responsibl¢ for prcparing the Ryrt of the Trustca aTxI thc financial 8tstemcnts iti Accoted Aceouniw P[aL%1￿ (United King&]m A￿¥￿￿tIo8 Stthjards and 4￿11￿)le lawl Under ¢Jwity jaw th¢ tTu#ces must apFwve the financi￿ 8totcm¢tt8 UDie88 they are s&ti8fie41 that they give a tn* and fair view ofthe State of 8ffair8 of the charity and of th¢ IDLX)￿8 nourcu Ind application of . suitable ac¢(l￿tin8 Fl)I￿leS and t1￿ 4wly thern c(ms1th￿y. . mth judBanclltB aul estimates tbat ere ye￿0￿&bI¢ ond PiMknL' di8clo%d aXMI expjaitted in financi41 st•tuneot4 arity will c¥mtitiuc in twsltie￿. Th¢ ITuJleu are rcsponsiblc for keeping prw Aecthmting records which di￿10$e with rta8(uble aceurncy at AJY time the fi]w￿la1 wsition of thc CTr￿1ty and ￿ Nwbk them to that the fin8n¢iAJ *Btements comply with th¢ Clwitk8 ArA 201 J and The Cbthrity (Ac￿llnts and Rqxhts) Re&￿atiOnS 2LK)8. They 8]80 rcspon8ible for safe8uardiD8 the 881ds of the clwity And fLY t•kiDg rc480th1¢ 8t¢P8 for th¢ 1r28rd026 Appro￿1 byordcr of thc board of tru8ttt8 on .......................-.......-........... and wed oll its behalf by: Luwaan Ahm•J Page 16 REPORT OF THE IIYDEPENDENT AUDITORS TO THE TRUSTEES OF KINDGIVING FOUNDATION Opinion We have audii&l the financial statements of KindGiving Foundation (the 'cEwity) for the year en(￿j 31 Ma￿￿ 2025 wbich compzise the StstemeDt of Financial Activitie4 the Statement of Financial Positio the St*ement of C&8h Flows and notes to the fituncial 5tatcmcnt5, includillg a summary of significant accounting policies. The financial rwrting framework that has been applied in their ptEparation is applicable ]aw and United Kitkgdom Accou￿￿8 Standards (United Kitigdom Gejjeraily Accepted Accounting Practice). In our opinion the finaDcial statements: giv¢ a true and fair Niew of th¢ state of the tharitgs affair8 as at 31 March 2025 and of its incoming resources and application of ruources, for the year thcn ended; . have been properly prepard in accorthce with United Wdom Generally Accepled Accounting Pra¢ti¢e' and . hav¢ i￿¢￿ prepared in accord￿ with the requiments of the Charities Act 2011. B*818 for oplnlon We CODdu¢ted our audit in accordance with International Standarts on Auditing (UK) OSAS (UK)) and applicable law. Our responsibilities under those slandarts arc thscrib¢d in the Auditors, re8ponsibilitie8 for the audit of the financial statcmcnts scction of our report. We are indep¢nden¢ of th¢ charity in accordancc with the ethical rcquimncnts that are rclevant to our audit of the financial slatements it] the UK, includin8 the FRC'S Ethical Standrt and we have fi￿filled our other ¢thical r¢sponsibiliti¢S ill accordance wilh these requirements. We believe that tbe audii evidence we have obthined is Sufficie￿ aJJd appropTi8lc to providc a basis lor our opinion. CoDcIu91on9 relidng to golng concern In auditin8 the financial statements. wc have COD¢ludcd that th¢ trust￿5, of the going concern basis of accounting in thc preparation of the fuwicial slatcments is awWo￿al¢. Based on the work we hav¢ perforni¢d, we have not id￿tif101 any maL%1￿ uncertainties relating to events or conditions that. iDdÈvidually or Collectively, may casl Significa￿ doubt on th¢ ¢harily'$ ability lo conlinue as a going conc¢rn for a Friod of at le￿ ¢welve months from when the financial statements are authorised for issue. Our responsibilities and the respoLqJbilities of the trustets with res￿ to going concern are described in the rcl¢vant seclion5 of thi's rqKYrt. Other informatlon The trustees are reswnsible for the ¢xher iofonnation. The (*hcr infonnation comprises the inforn]alion included in the Annual Repo¢ other than the fittanci￿ statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements docs not cover the i)ther inforniation ex￿P1 to the ¢xl¢nt otherwise explicitly stskd io our rcwm. we do n*X ¢xpress any forni of &wwance conclusion therwn. In connection with our audit of the fiD80¢ial 8tat¢tD¢Dt5. our res￿￿811)]11ty is to read the other infornlation in doing so, consider whether the other inforniation is materially inconsislent with the fllwicial statements or our knowlcdge obtsined in the audit or othenvise appears to be materially misstated. If we identify such malerial inconsistencies or apparent material missthtemellts. w¢ are required to delermine wh¢th¢r th'$ gives rise to a matetial misstatcmcnt in thc fill￿￿la1 statements themselves. If, based on t work we have perfornie& we conclude that there is a material missiatemenl of tbis other information. w¢ a required to re￿rt that fact. We have nothing to report iti this reganj. Page 17 REPORT OF THE INDEPENDEI%T AUDITORS TO THE TRUSTEES OF KtNDGIVING FOUNDATION Mxtters on whieh we *re required to report by exeeptloD We havc nothing to rq)ort ill rcspcct of the following matters where the Clwities {A￿Ullts and Rewrts) Regulations 2(K)8 requires us lo reFM)rt to you if, in our opinion: the inforniation given in the Rewrt of the Tn￿le¢S is inconsistent in any material respect with the financial statements. or sufficient accounting records have not be￿ kepL or the financial stalements are not in agre£metll with the accountin8 r￿ordS ar¥J r¢tLmlS' or we bave t￿t ￿e1Ved a]1 the inforn￿tiOll and eXplan￿lOnS we wuire for our audit. Re8ponslbllltles of trustees As cxplaincd more fully iti the Ststement of Trustees, Responsibilitie& th¢ tNstecs arc responsiblc for thc preparation of the financial 8tat¢mcnts which 8ive a true and fair view. arLd for such internal control 18 the trnstee8 deternline is necessary to enable the preparation of rUw￿LA1 Stst¢m￿LIs thai ar¢ fre¢ fn)m D￿￿1￿1 mis8tatcm¢nt, whether due lo fraud or error. In preparing tlke financial 8tatements, the tn￿e¢S are responsible for ￿%$$ing the cl)aTity's ability lo continuc as a going Coll￿ disclosin8. as appIl￿bI& matters rclat¢d io going wn¢ern and using th¢ going concern basis of a¢￿UnlInS unless the trust¢¢s either intCDd to liquidat¢ the charity or to ¢ease oper81ion5, or have no realistic alternativ¢ bul lo do so. Page 18 REPORT OF THE INDEPE.YDEIYT AUDITORS TO THE TRUSTEES OF KINDGIVING FOUNDATIOIY Our regpongibili¢ies for the of the finincial statements We have beets appoinwl as auditors undcr Section 144 of the Charities Act 2011 and re[￿ in a￿OrdanCe with the Act and relevant regulations made or having effect Our Obj￿IlVe$ a￿ lo obtsin reasonable assurdncc about whcthcr tbc financial stal¢ments as a whole @re free from material misstatcmenl. wh¢th¢r du¢ to fraud or etror, and to issue a Report of the Ind¢pell(knt Auditors that includes our opinion. Reasonable aswrdnce is a high level of assuranK bui is not a guarantee thai an audit condu¢ted in accordance with ISAS (UK) will always a material mi&statement when it exists. Misstatemenls caD aris¢ from fraud or ettor and are considered material if. individually or in th¢ aggT¢ga¢¢, they could reasonably be expect&1 to itiflucnce the economic d￿]SIonS of tskcn on the basis of these financial staicmcals. The extent to which our procedures are Capable of dcte£lin8 irylaritie4 ineluditig fraud is ddailed below.. Intgularities. including fraud, are inslan￿ of no￿￿0￿p118ncC with laws and regulatiOJL8. We identified and ass¢ssed ihc risks of material misstatement of th¢ fuwi¢ial tst¢m¢nts from irrc¥ularilies, whcther due to fraud or error. and disCus￿d these between our audit t¢8m members. We then designed and perfornied audit proccdurcs rcsponsive to those risks, including obtaining audit ¢vid¢n¢¢ sufficient and appropriate lo provid¢ a basis for our opinion. We obtained an Un&￿&￿ding of the Icgal and regulatory fr8mcwork within whicb the charity operates focusinB on those law8 and re8ulatiODS that have a direct effect on the deterniinalioll ofmaterial amoun(s and disclosures in the financial statcm¢nts. The laws and ffgulations we considered in this context were thc Companies Act 2(M)6 logcth¢r with the Chariiies SORP {FRS102). We assesscd the required compliance with these laws and regulalions as part of our audit procedures on thc Kialcd fllwlcial slat¢mcnl items. In addition, we Considered provisions of other laws and regulations that do not have a dirttt effttt on th¢ financial statcmenls bul ¢ompliance with which mighi be fill)damental to the chariws ability to opeT31¢ QT to avoid malerial penalty. We also considereAI the opp)rtunilics and incentives that may exist within the charity for fraud. Th¢ law5 and regulations we Consider￿ wcre G¢n¢ral Data ProteLtion Re￿latiOn (GDPR), employmenl legistalion4 taxation legislations and anu-fraud. bribery and (x)miptiOD legislation, MLR, Landlord &Tenant Act and Health &Safety. Auditing stallda￿ limit the required audit procedw to identify nonvcompliance with these laws and rcgulations to enquiry of the T￿ste¢S and othu mJDagem¢nt and in$￿tion of rcgulatory and l¢ga] CorreSp)nden￿, if any. We identified the 8ffatest risk of ￿￿e[la1 impact on the finallci￿ statements from irregulariti￿. including rrau4 lo be within th¢ timing of recognition of income and the overrid¢ of co[￿1$ by Mar￿gern¢nt. Our audit prc¢edures lo reSpOr￿ to thc8e risks included enquirics of mona8¢ment and the Trustees about their own identification and &ssessment of the risks and irre8ulan'ties. sample les¢ing on the wsting of journals, reviewing a￿o￿ntIng estirnates for biages, reviewing ￿gUlatOry ￿TreSp￿dentt with Charity Commissio review of donor audit rewrts, and reading of minutes of Inee¢iD8s of thos¢ clw¥¢d with govern8nce. Owing to inherent limitations of an audii, is an unavoidable risk thai we may noi have det￿d some material mis5tatem¢nts in tbe finoncial statements. even though we have properly planned and perforn]ed our audii in accordance with audiling standards. For exampl4 the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions refle£t￿ in the finaDcial stal¢ments. th¢ less likely the inherently limited procedure5 required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non detection of irregulaxities. as these may involve collu510 forg¢ry, intentionai omissions. misrepresentations. or the override of internal (x)ntrols. We are not responsible for preventing non-compliance aod b¢ ¢xperted to ddect nonrycolllpliancc with all laws and regul8tiOnS. Page 19 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KINDGIVING FOUY4DATION A ￿rther description of our rwnsli )i]ities for the audii of the financial ststements is I￿ated on tbe Financial Rewrting Covncil's website at www.frc.org.uklaudilorsrwibilities. This description f0rll￿ part of our Re￿rt of the Ind¢p¢nd¢nt Auditors. Use of our report This rel￿ is made solely to thc c1wit￿S tnjstecs, as a io accor￿ wiib Part 4 of tbe Charitie8 (Accounts and Rqiorts) Regvlations 21X)8. Our audit work ljas been undert￿ell so that we might state to the ch￿ity'S I￿Ste¢S ihose matters w¢ are required to stst¢ ts) them in an auditors, re￿ 8nd for no oth purEN)￿. To the fvll¢* extent pernlitted by law. we do not accept or wume resEM)nsibility to anyone other than the chaTity and th¢ chaTiig8 ¢ru8le¢s as a b¢xJy. for our audii worL for thi8 fqK)rL or for the opinions we have forn)¢d. Anwer Patel BA(Hons). BFP. FCA PresÉoDS & Jacksons Partnc* LLP Ststuiory Auditors 364 . 308 Cranbrook Road Ilford Essex IG2 6HY Page 20 KINDGtVlNG FOUNDATION STATEMENT OF FINANCIAL A￿[VITIEs FOR THE YEAR ENDED 31 MARCH 2025 31JaS Total funds 31.3.24 Totsl funds Unrestrictol Restricted Endowment fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 427W3 7251089 063,031 15,742, 118.671 Investment income Totsl 427 089 8 131J26 15 811758 118671 EXPENDITURE ON Property Expclldilure 21425 2fj425 CharllAble *etlvlti Charitable Activity Support Co5t3 80397 173958 1913,949 13,479 3.007.725 43,260 9.591 Total 254 55 39904 32 13 NET INCOME Transfers between funth 17 173J88 4J38.140 8.091,922 11603,650 65,820 Net movement In tsDds 201148 4￿3￿80 1091,922 11603.650 65,820 RFCONCTLIATtON OF Total funds brought forward 65120 65.820 TOTAL FUNDS CARRIED FORWARD The notes forni part of th¢s¢ financial statcmeots Page21 DO￿$&￿ Envelopo D.. E2973F9&9CF9497M731￿l22O7249873 STATEMENT OF FINANCIAL POSITION 31 MARCH 2025 31J25 31.3.24 Invc5trnent proputy 13 7,008,079 CURRENT ASSETS 14 47,758 654 75.720 Cftsh at bank 5,713312 75.720 Ajnounts falling within one yeAr 15 (54021) (9,￿) NET CiIRRENT ASSETS 661 11669,4711 65,820 NET ASSErs 17 273,968 65,820 Rcstricted Fund8 4J03A8fy attd wue on its beh•lf ty. Th¢ notrs fozjn part of financial statonfflts Page 22 KINDGIVING FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 31J.25 31.3.24 Notes Cash flows from oper•tlng ittfvltles Cash generaled from operdtlODS Net cash provided by operating activitie5 45OA091 CAsh flowg from InVe￿llg aetlvhies Purchase of investment property Ncl cash (used inyprovid¢d by inv¢sting activities 7.iN)8 079 Cash flowi from flnan¢lng adlvhlei Income attributable to endowmenl Expenditu￿ attributable to endowmcnt 8,131,826 Net cash provided by financin8 activities 8 091922 Chattge In e*$h atsd ¢•$h eqUI￿lellts In tbe rcportlng perlod Ca$h Ind Cash equivalenli #t the be%lDuln% of the reportlu% p¢rlod SJ89.934 75.720 Cash And CAgh equlvAleDts it the cnd of the reportlng perlod 5.665ffj54 The notas forni part of th￿e fll￿1C1al statements Pag¢ 23 KINDGIVING FOUNDATION NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 RECONCTLIATtON OF INCOME TO CASH FLOW FROM OPERATllYG ACTIVITIES 31J.25 31.3.24 1¥4et income for the reportin2 PerK￿ (￿ per the Ststement of FinAnclil Activitles) Adjustments for: Income attributablc to codowment Expenditure attributsbie to endowment tllcr¢as¢ in debtors tncrease in credilors IL&)3.650 65.820 (&13J,826) 39.￿4 (47.758) Nel CA8h provlded by operatlons 4 506 091 ANALYSIS OF CHANGES IN IYET FUNDS At 114124 Cash flow At 3113125 Iyet Cag Cash at bank 720 5589934 $665654 Total 5 589 934 The notes forn] part of these fllwicial statements Page 24 KINDGIVING FOUNDATION NOTES TO THE FtNANCIAL STATEMENrs FOR THE YEAR EIWED 31 MARCH 2025 ACCOUNTING POLICtES BA918 of preparing the fillanci￿ st•lements The financial statements of the Charity. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Ac¢ountin8 and Rq)orting by Charities: Statemenl of Recomtncrthd PTa¢ti¢¢ applicabl¢ to djarities prcparing their accounts in accordance with the Financial Reporting Stondard appli¢able in the UK and Republic of Ireland {FRS 102) (effectiv¢ l January 2019),. Financial Re￿tIng Standard 102 The Flnancial Reporting Standard applicable in the UK ond Republi¢ of treland, and the Charities Act 2011. The f￿anCIal stat¢men18 hav¢ been preparryl under the histori￿ cost eonventiott. Statutory Infomatlon Kindgiving Foundation is a charitable incorF￿¢al organisation (CIO) re8iStered with Charity COmmi￿10n in England and Wales. Ineome All iftcome is recognised in the Statement of Finallcial Activitics onc¢ the chaTity has entitlwnen¢ to the funds, il 18 probable that the income will be rec¢ivoJ and the amount can be measured reliably. Donations: This comprises all incoming resour￿ from donations from individuals and corporate organisations which arc recognised on a receipt ba$is. Investment Income Inves¢menl Incomc comprises in¢(xlle genernttsj from Endowment (Waqf) Investments and rcnts receivabl￿. Endowmcnt (Waqfj Inv¢sthient Income: Income derived from Endowmcnt (Waqo inve8tmenls 18 r¢cognis¢d ott ￿elp1 b#$is whell the right to receive iDcome is ￿tAblIshed. This incom¢ fornis part of th¢ cndowment funds. R¢nts Receivable: Rental Income is rwwised oll a rcc¢ivabk basis. Deferred Income.. Donations and grants givcn ￿ thc charity that rel8¢￿ to filtutr a¢wunting period$, the income is dderred until those periods. ExpeDdltsre Liabilities are re¢o8nis¢d ¥ expendth &8 scrt)ll as thett is a legal or constsuctive obligation committing th¢ Glwity lo thai eX￿nd￿lUT4 it is probable that a transfer of economic bcn¢fils will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classifiol under headings that aggregat¢ all cost related to the category. Where costs caDn4X be directly atttibuted to particular h¢ading8 thoy have be¢n allocated to activities on a basis Consistent with the use of r¢souJru. Grants offered subject to conditiolls which bav¢ iwi mrt at the Ye￿ end date are noteAJ as a commitment but not ac¢rusxJ as expenditure. Ch•ritsble aetivities These are cost5 associated with the provision of cbarithbl¢ p￿Jects and d¢v¢lopmeN programmes as elaborated on in the trustee4 rqx)rt These include direct costs and support costs relating to thcse activitic5. Pag¢ 25 LX)ntinued... KINDGIVING FOUNDATION OTES TO THE Fll¥ANCIAL STATEMENIS - contlnu¢d FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES. conthiued Covernanee tosts These are costs as50ciatcd with the govffnartt arn8¢nwits of KindGiving Foundation. Included witbin this eategory are stt3tegic LX)sts as q)posed to the day40-day management costs of the Foundation. Governance supw)rt cost8 are allcuted on the ba8is of slip￿tt acliviti¢s provided on clcarty inlctprctcd goverllance matters. tnvestment managemenl cost.. Thi8 Incor￿ wsts rclatrd to the athninistration of waqf and Costs relating to the promotion of the concept of waqf from unrutricted fi￿ds. th¢ffforc, this ¢l¢m¢nt is not charged to capiial. Investment pn)perty Investment prokKrty is shown at most recent valuatioL Any aggregate SUTplus or deficil aTising from changes in fair value is re¢o8nised in Ibe Stalanent of FinarKial ActiNIti¢s. Taxailon The chariiy is exempt from tsx on its chaTi¢able activities. Fund accounthig Unrestricted funds chn bc used in accordan￿ with th¢ ¢lwitsble obje¢tlV¢8 at the discrelion of ihe trusices. Restricted funds cgn only be used for particular restritheAJ purposts within the objeLts of the charity. Rcstrictions arise whctk Specifi￿ by the th)nor or wh¢n fiumls arc taiscd for particular restsicted purposes. Endowmenl funds is a fimd given to the clwity as capilai. Any income generated from endowment fund8 is either invested or retsined for its purposes. Ftsrther explanation of the nature and pllr￿￿ of each fimd is illcludcd in the not¢8 to the financial statements. Hlre purchA9e Ind leAslng comml¢meDts Rentals paid under operdiing leases are chr8ed to thc Stat￿ent of Financial ActivitiC8 on a 5trai8ht line basis over thc period of the lease. Penslon cort9 and other post-retlremeDt benefits The charity op¢rat¢s a defined wntribution pension scheme. Contribution5 payabl¢ to thc charity's pension scheme are charged lo th¢ Stat¢m¢nt of Financial Activities in the to which they relale. Page 26 continued... KINDGtVlNG FOUNDATION NOTES TO THE FINANc￿L STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 DONATIONS AND LEGACtES 31J.25 31.3.24 Donation9 15 742 963 118671 The total voluntary donatlons rteefved durlng the year wereas follows: 31J.2025 31.3.2024 General Donations 427,843 89,111 Restrleted Poverty Relief & Empow¢rmcnt Fund Capacity & Endowment Impact FWMI Ethical Redistribution FuDd 515,723 339.017 397 29,560 Endowment 8 063 031 TOTAL 15 742 963 118671 IIYVESTMENT INCOME 31J25 31.3.24 Rents r￿Ely01 Page 27 continued... KINDGIVING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 PROPERTY EXPENDITURE Ral9ln8 donatlonj And kgAdeJ 31J.25 31.3.24 2,430 Property M￿￿8¢M¢￿ Fe¢s 425 CHARITABLE A￿1vrrIEs COSTS funding of activities (see note Supwrt costs (see note 7) 6) Totals Charitable Adivity Support Costs 1927.428 80297 3.007.725 2 927 428 254 GRANTS PAYABLE 31J.25 31.3.24 Ch￿liabl¢ Athivily 2 927 428 Page 28 continued... KII¥DGIVIIYG FOUF4DATION 40TES TO THE FINLNCIAL STATEMENTS - eonthnued FOR THE YEAR ENDED 31 MARCH 2025 GRAiYfs PAYABLE- ronthiued The lotsl gI￿ts paid to institutions during tbe year was as ftlllows: 31J.25 31.3.24 National Waqf Fund Mercy to Humanity Green Lane Community Centre Hardship ProJ￿l Eman l£gacy Abdullah Aid Charity Right Drop of Compassion EmaaD Relief Global Relief Tn￿t Mercy Mission Muntsda Aid The M8'ArifFoundation Ummah Welfare Trust Nalional Zakat Foundalion Eman Channel Various 25,000 25.000 1,560 5.000 295.936 400.000 95.533 182,007 95.0(N) 204,979 199,742 210,151 312,￿0 237500 103,(KlO 106,580 The total grants paid to Institutions during the year in tern￿ of projects was as follows: 31J.25 31.3.24 Charity Support Education Hardship Ho￿￿l￿g Mcdical Water Spon8orship5 Organisation Infix$truCtt￿e Sustainable Liveliho(#ts 25,0(N) 25.01)0 940,231 576,000 5.000 3410(KJ 634,064 3,OCX) 58,094 27,000 1,560 120,059 2.927 428 34 560 Page 29 Continu￿1... KINDGIVING FOUNDATION NOTES TO THE FINANCIAL STATEMEiYfs - continued FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS Govemance Totsls Charitable Activity Support C051S 80297 145 620 80,2YI 173 958 225 917 254 AUDfTORSI REMifNERATIOY4 31JaS 31.3.24 Fees payable to the cbaritys audiiors for the audit of the thatiws fjnancial statements TRUSTEES, REMUNERATIOY4 AND BENEFITS Th¢r¢ were no tn￿le¢s, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trn8leei' expenses There were no trustees, expenses paid for the year ended 31 Match 2025 nor for the year ended 31 March 2024. 10. STAFF COSTS 31J2S 31.3.24 Wages and salarics Social security costs Oiher pension costs 67.699 2,146 71 The avernge monthly numitr of employees during the year was as follows: 31J.25 31.3.24 ChaTitsbl¢ Activiti¢s No employees ￿C£1yed cmolumcnts in cxccss of £60.((KI. Page 30 continued... laNDGIVING FOUNDATION NOTES TO THE FINAY4CIAL STATEMENTS . contlDued FOR THE YEAR ENDED 31 MARCH 2025 11. COMPARATIVES FOR THE ￿ATEmE￿ OF FINANCIAL ACTIvrrIES 31J2024 Unrestricted Restricted Endowment fund fund fimd Total Donalions and legaci 118671 EXPENDITURE ON Ch*ritable adlvttles Charitable Activity Support Costs 13.71KI 29,560 43.260 Total ET II¥COME 65.820 65,820 TOTAL FUNDS CARRIED FORWARD 12. KEY MANAGEMFNT PERSONNEL The key maTJa8¢m¢nt pernonnel are the Board of Truste¢s. 13. INVESTMENT PROPERTY FAIR VALUE Adth'tions 7 079 At 31 Marth 2025 7 1108 079 NET BOOK VALUE At 31 March 2025 7 008 079 At 31 March 2024 Pag¢ 31 ntinucd... K1Tr4DGIVING FOUNDATION NOTES TO THE FtNANCIAL STATEMEiYfs- continued FOR THE YEAR ENDED 31 ￿￿RCH 2025 14. DEBTORS: AMOiWfS FALUNG DUE ￿THlly ONE YEAR 31J25 31.3.24 Other debtors VAT 21,443 12J50 Prwym¢ths and acen￿l income 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31J.25 31.3.24 Trade creditors Taxation and KKial 8￿u[lIY Other creditors 23.176 8041 20 I& ANALYSIS OF NET ASSETS BETWEEN FUNDS 31J.25 Total funds 31.3.24 Total funds Unrestrictal Restricted Endowmcnt fund fund fund Investments Current assets Current Ilabilities 1,1￿8,079 1.107,019 7,008,079 5,713,412 302,813 4W3¥0 75,720 091922 12 669 470 17. MOVEMENT IN FUNDS Net rnovement in fimds Transfers between funds At 3113125 At 114124 Unreytrlcted funds General fund 6882D I73￿88 34J60 273968 Restii¢ted hnds Restii¢t¢d Funds 4J38,140 (34J60) 4J03WO Endowment Endowment 8,091.922 8,091922 TOTAL FUNDS 20 J2 603 650 12 669 470 Pagc 32 continual.. KINDGIVING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS . eonthiued FOR THE YEAR ENDED 31 MARCH 2025 17. MOVEMENT IN FUNDS - continued N¢t rnovement in funds, included in Ihc abovc arc as follows: In￿mIng Resourc￿ Mov¢ni¢nt resour￿ expended in funds Unrestrlcted fun General thnd 427,843 (254.255) 173J88 Restrlrted fund¥ Restricted Funds 7351089 (2913,949) 4,33&140 EndowmeDt fvttdl Endowmenl &131026 (39,W) 8,091.922 TOTAL FUNDS 3 208 108 Comparativu for rnov¢ment In fun Net movement in fimds At 3113124 Unrestrirted futtdi General fund 65.820 65.820 TOTAL FUNDS Comparative Det movement in funds, included iti the aLx)ve are as follow8: In￿rnIng R￿UrCeS Movement resourco expend￿ in funds Unrejtrlrted funds 89.111 (23,291) 65,820 Rutrfi¢ted funds Restricted fiunds 29,560 (29,560) TOTAL FUNDS 118,671 52,851) 65,820 Page 33 continual... KINDGIVING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- eolllitiued FOR THE YEAR ENDED 31 MARCH 2025 l7. Analysls of Restrieted Funds carried forward as at 31st Martb 2025 31J.2025 AmouDt (£) Capacity & Empow¢nnenl Impact Fund Ethical Redistribution Fund Poverty Rclief & Empowernlent Fund 230,770 4,072 810 4J03 Restrlrted Tr"und This comprised of th¢ Poverty Relief & Empowcrnicnt Furf Ethical Redistribution Fund and Capacity & Endowment Itnpaet Fund. Th¢s¢ fi￿dS hav¢ been donated for wific purposes and a restricted to grani-m&king in ac¢ordan¢e with donor intentions. further details aE4)Ut each fvnd can be found in the Tn￿tte8 re￿)rt. AnAlyJli of Endovmient tarrled forward 1$ at 31rt March 2025 31J202S Amount (£) Brought Forward 1.4.24 Total Income Les5 Exprnditure 8.131126 39 Carried Forward- 31.3.25 Endowmellt Fund This comprised of funds received for the purposes of a pernianent endowment. the capital of this fund shall b¢ retained in accordance with donor conditions. Thc income g¢n¢rat¢d from th¢ cndowmcnt may be u8¢d to 8VPPOrt the cftwity'8 charitable adivities, fill1her ddails can be found in th¢ Trustee5 report. Page 34 (xmtinual... KtNDGIVING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 18. RELATED PARTY DISCLOSURES The related n)etnbcrs of the tru#tts dollatcd £l1.827.963 (2024: nil) during th¢ ye4r 31 Ma￿h 2025. 19. COMPARATIVLS The comparative figures were unauditeiL Page 35 KINDGIVING FOUNDATION DETAILED STATEMENf OF FINANCIAL Acr[v￿llEs FOR THE YEAR ENDED 3] MARCH 2025 31.3.25 31.3.24 llYCOME AND ENDOWMENTS DonAtlon8 Ind leg*deg Donations 15.742,963 118,671 IDve8lment Income Rents re¢¢ived Total Ineomlng resoure 15.811.758 118,671 EXPENDITURE Ralsln8 donAtlons Ind legaei Property Maintenance Propety Managenleni Fee8 2,430 26,425 Charltable actI￿tIeS Gr8nts lo institutions 1927,428 34.560 Support cwts Management Wages Social security Pensions Rent Postage and stationery Tr8velling Expenses Subscription Consulting Fees 67,699 2,146 1,452 9,000 72 175 406 5J92 5,545 225.917 8,391 FlnAnee Bank churges 154 Governance ¢0818 Auditors. rcmuD¢rdtion Independeni Examiners Fees Other Professional Costs 7500 1,200 28,184 9,900 This page does not forni part of the statutory financial statements Page 36 KINDGIVING FOUNDATION DETAILED STATEMENf OF FII¥ANCIAL ACTIVITIES FOR THE YEAR EIYDED 31 MARCH 2025 31.3.25 31.3.24 Total resources expended 851 Net in¢om¢ This pag¢ does not forni part of the statutory fllwicial statemcnts Page 37