KD-UK, Kennedy's Disease UK
TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS
for the year ended 28 February 2025
Company registration number: CE003657
Charity number: 1160793
KD-UK, Kennedy's Disease UK
Unaudited Financial Statements Year ended 28 February 2025
| CONTENTS | PAGE |
|---|---|
| Trustees and Professional Advisers | 1 |
| Trustees' Report | 2 |
| Independent Examiner's Report | 4 |
| Income Statement | 5 |
| Statement of Financial Position | 6 |
| The following pages do not form part of the financial statements | |
| Detailed Income Statement | 7 |
KD-UK, Kennedy's Disease UK
Trustees and Professional Advisers
Year ended 28 February 2025
| Trustees | Mr Darren J. Arthur |
|---|---|
| Mr Anthony H. Beazer | |
| Mrs Helena M. Conibear | |
| Dr Helen E. Devine | |
| Dr Michael I. Hope | |
| Mr Kim D.J. Slowe (Chair) | |
| Mr Luke C. Tillotson | |
| Registered office | Suite RA01 |
| 195-197 Wood Street | |
| London | |
| E17 3NU | |
| Independent Examiner | Sheila Stewart |
| Associate Member of the Institute of Certified Bookkeepers | |
| 21 Westcliff Road | |
| Portland | |
| Dorset | |
| DT5 2HW | |
| Bank | CAF Bank Ltd |
| 25 Kings Hill Avenue | |
| Kings Hill | |
| West Malling |
Page 1
KD-UK, Kennedy's Disease UK
Trustees' Report
Year ended 28 February 2025
The trustees present their report and the unaudited financial statements of the company for the year ended 28 February 2025.
The accounts have been prepared on a receipts and payments basis and comply with the Charity's governing document and applicable law.
OBJECTIVES AND ACTIVITIES
Objectives
The objectives of the Charity are to raise awareness of Kennedy's disease in the general population of the UK, to raise funds for research into understanding the mechanisms of the disease with a view to finding suitable treatments and to provide support for Kennedy's disease patients, carers and carriers.
Aims, Strategies and Activities for the year
The Charity continued to raise funds through sponsorship events, and donations, to be channelled into research to advance the understanding of the mechanisms of the disease with a view to finding suitable treatments. In addition, the Charity aims to provide funding for clinical support of Kennedy's disease patients and carriers. In planning activities for the year, the Trustees kept in mind the Charity Commission's guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
Charitable Activities
KD-UK has continued to support the salary of the specialist KD nurse at UCLH in London and has fully funded a clinical research physio. These commitments will continue into the next financial year. The charity also now employs an administrator for one day a week on a contract basis. Other key activity included the strengthening of links with the Motor Neurone Disease Association and other International Kennedy's Disease charities. A key goal for 2025/2026 is to rebuild the KD-UK website and professionalise the charity's fundraising.
FINANCIAL REVIEW
Total receipts for the year amounted to £20,056 (2024 - £58,094) and expenses were £108,666 (2024 - £27,473). Unrestricted reserves at 28 February 2025 amount to £136,209 (2024 - £230,249).
Reserves Policy
The Trustees have reviewed their policy, considering recommendations by the Charity Commission with regards to maintaining an acceptable level of reserves. The charity has set a reserve of £20,000. This is sufficient to cover KDUK's very low overheads during a lean fundraising year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Charity was registered as a Charitable Incorporated Organisation (CIO) on 9th March 2015 and commenced operations immediately.
Organisational Structure
The Charity is managed and operated by the Board of Trustees who meet at least twice a year.
Trustees
Trustees are elected and removed by the Board of Trustees. The maximum number of Trustees shall be 8 and the minimum shall be 4.
Page 2
KD-UK, Kennedy's Disease UK
Trustees' Report (continued)
Year ended 28 February 2025
Trustees (continued)
The power to appoint new trustees is vested in the existing trustees. Future trustees will be selected to ensure the board maintains a suitable mix of skills and experience to continue its work and will be given an appropriate induction into the Charity. Trustees attend training courses where it is considered necessary.
The trustees who served the company during the year were as follows:
Mr Darren J. Arthur Mr Anthony H. Beazer Mrs Helena M. Conibear Dr Helen E. Devine Dr Michael I. Hope (appointed 12 December 2024) Mr Kim D.J. Slowe (Chair) Mr Luke C. Tillotson
Organisational Structure
The Charity is managed and operated by the Board of Trustees who meet at least twice a year.
Major Risks
The Trustees have carried out an assessment of the major risks to which the Charity is exposed. Procedures and systems are in place to mitigate these risks.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees are required under Charity law to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the Charity and of the financial activities of the Charity for that year.
In preparing those financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with applicable laws and regulations. They are also responsible for ensuring that the Charity maintains an adequate system of internal control designed to provide reasonable assurance that assets are safeguarded against loss or unauthorised use and to prevent and detect fraud and other irregularities.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of trustees on 2 June 2025 and signed on behalf of the board by:
…........................................... …........................................... Mr Kim D.J. Slowe Mr Anthony H. Beazer Trustee (Chair) Trustee
Page 3
KD-UK, Kennedy's Disease UK
Independent Examiner's Report
Year ended 28 February 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KD-UK, KENNEDY'S DISEASE UK FOR THE YEAR ENDED 28 FEBRUARY 2025
I report to the trustees on my examination of the accounts of KD-UK, Kennedy's Disease UK for the year ended 28 February 2025.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
…...........................................
Sheila Stewart
Associate Member of the Institute of Certified Bookkeepers Independent Examiner 21 Westcliff Road, Portland, Dorset, DT5 2HW
Date: 2 June 2025
Page 4
KD-UK, Kennedy's Disease UK
Income Statement
Year ended 28 February 2025
| Year | Year | |
|---|---|---|
| ended | ended | |
| 28 February 2025 | 29 February 2024 | |
| Income | £20,056 | £58,094 |
| Expenses | ||
| Costs of raising funds | £5,430 | £19,529 |
| Costs of charitable activities | £108,666 | £7,944 |
| £114,096 | £27,473 | |
| (DEFICIT) / SURPLUS IN THE YEAR | (£94,040) | £30,621 |
Page 5
KD-UK, Kennedy's Disease UK
Statement of Financial Position
Year ended 28 February 2025
| 28-Feb-25 | 29-Feb-24 | |
|---|---|---|
| Current assets | ||
| Bank account | £136,209 | £230,249 |
| Reserves | ||
| Reserves - carried forward | £136,209 | £230,249 |
| NOTES TO THE FINANCIAL STATEMENTS |
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Suite RA01, 195-197 Wood Street, London, E17 3NU.
For the year ending 28 February 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustees responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of trustees and authorised for issue on 2 June 2025, and are signed on behalf of the board by:
…........................................... …........................................... Mr Kim D.J. Slowe Mr Anthony Hadyn Beazer (FCA) Trustee (Chair) Trustee
Company registration number: CE003657
Page 6
KD-UK, Kennedy's Disease UK
Detailed Income Statement
Year ending 28 February 2025
| 2025 | 2024 | |
|---|---|---|
| INCOME | £ | £ |
| Donations from individuals | £12,026 | £3,963 |
| Donations - Just Giving | £4,390 | £36,947 |
| Donations - Enthuse | £2,847 | £8,292 |
| Donations - Other | - | - |
| Grants from trusts and other organisations | - | £1,523 |
| Gift aid receipts | - | £879 |
| Event receipts | - | £4,500 |
| Sale of goods | £377 | £1,589 |
| Interest received | £416 | £401 |
| TOTAL INCOME | £20,056 | £58,094 |
| EXPENSES | ||
| Costs of raising funds | ||
| Events and promotional costs | £2,250 | £17,732 |
| Website costs | £2,380 | £997 |
| Online giving site fees | £800 | £800 |
| £5,430 | £19,529 | |
| Costs of charitable activities | ||
| Grant paid to University College London | £100,000 | - |
| Administration support | £8,004 | £7,091 |
| Administration costs | £466 | £173 |
| Storage costs | - | - |
| Insurance costs | £96 | £96 |
| Independent examination fees | £100 | £584 |
| Suspense items | - | - |
| £108,666 | £7,944 | |
| TOTAL EXPENSES | £114,096 | £27,473 |
| (DEFICIT) / SURPLUS IN THE YEAR | (£94,040) | £30,621 |
| FUNDS AVAILABLE AT 1 MARCH 2024 | £230,249 | £199,628 |
| FUNDS AVAILABLE AT 28 FEBRUARY 2025 | £136,209 | £230,249 |