Chartty reglstratlon number 1194023 THEA C AND K REID FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
THE A C AND K REID FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustoes Mr A Reid Ms C Btthell Mr L Wlnham Charlty number 1194023 Prlncipal address Moss Hous8 1& 16 Brook's Mews London W1K4DS Indwndent gxarnlnar Tony Levy A8sociales First Floor 314 Regents Park Road London N3 2LT
THE A C AND K REID FOUNDATION coTENTs eNo. Report of the Trustees Accountants, rewrt stat&m8nt of Nnanck41 Activitie5 B81ance sheet Nc*es to the finandal statements
Pa£e 1 THE A C AND K REID FOUNDATION TRUSTEES. REPORT The trustees present thelr annual report and finan(aal statements forthe year ended 31 Drnber202s. Th8 ffnandal slatements have been prepared in accordance with the accounting policies sel oul in note 1 to the financial ststements and Gomply with the Charity's goverrning docurnent. th& Charilies Act 2011 and 'Accounting gnd Reporting by Charities.. Stat8m8nt of Recommended Practice applicable to chadtles prgparing thr accounts in accordanc8 Wlth the Finanoal Rewrting Standard appli(xble in the UK aThJ Republic of Irel8nd IFRS 1021. leffedive 1 January 20191. ObJeetiv•s and activitles In this peiL the objBctiv8 was to cglleot addltional donations, 8nd Ihis has been achieved and no doubt further will be forthwmlng in th8 followrrtj years. The Foundalon achl•vad its aim of gathering additional donations and the Trustees were sati9fled with thè fijnds obtained to date. They have paid duè regard trj guirtare issued by the Charity Commission in detsding whal 8Ctiviti8s the trustees should utKrtak8. A¢tlvKlg6 Januarylo DBcembgr 2025 The Foundation a¢hieved ils aim of gathering In inihal funds and the trustees were satisffed with the funds obtalned to date. Donations were madg to other registergd charities lyuring the year. Achl•Y•m0nts and performan¢e Th8 In181 airns ol the Foundation hav8 b89n 8chi8ved In lerms of gathèrlng in of funds for f(rture use. Flnan¢lal rovlew The Foundation is amply fUled In actord8ncg with the Fdan for Ihe year to Decgmber 2025 and its aLNlity to contlnU8 in the followlng year. It is the pOIY that unr8Strictsd funds which have not b88n d8signated for a spgofic use should be maintained at a level equwalent to btheen Ihree and slx month's expenditure. The trustee5 consider that reserv9$ at this level wlll onsure that, in the event of a signthcant ¢Jrop In funding, they Mll be able to continue lh8 tnJst8e's current acNvlties whije consideration is given to ways In which additional lund$ may b& ralsed. Thi5 lgvel of reserves has b8en maintaSned throughout the year. Plans for future poriods The FoLJndation has numerous plan5 indLKling continuing SUPFX)rting the charities who have received support Sn the last yearand loc4¢iThJ to athl futher charitses. Struetur# gov•rnan¢e and manao•mont The charfty was estsbli8hed by 8 Charitab trust d8ed on 20 January 2021. The day lo day affairs ofthe charity are admlnlstor8d by th8 wjncil of comrnlttee rnemberg. Non8 gfthe tnjsiees have any benefidal Interest in the charity. The Ihree trustees work toggthgr in tem of govemanc8 and m8n8gem8nt of the funds and agreernent to dcmatlons to the causes which they feèl the Foundats"on Is set up to as8i8t and it is confirmed none of lh8 Iwstee$ have any b8n8ficial interest in the Foundation.
Page 2 THE A C AND K REID FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Th8 trvstses who seThed durtng the year ended 31 December 2025 and up lo the date ofslgnature ofthe ffinanaal staternents werg.. MrA R8ld IAS C BTth•ll r L .nh0rn On all of th& boaril of Trust988 MrA 13 Juty 2026
Page 4 THE A C AND K REID FOUNDATION CHARTERED ACCOUNTANTS. REPORT TO THE T R U S T E E S ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE A C AND K REID FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2025 In ordèr to a581St you to luWIl your dut18s Uer the Charitigs Act 2011, we have rKepareil for your 8pproval Ihe fi[Janal slatemgnts of The A C and K Reid Foundation for the year ended 31 December 2025, set out on pages 4 to 8 trom Ihe chaAly's accounting i?cords and frorn Snformation explanat)ns you have glven us. As a practising mgmber firyn of the Instttut8 of Chartared Accountants in England and wa$, we ale subjact to ils ethical and other professional requir8ntS whic are d6tailed at hup$JA.icaew.¢OMIregulatltsn Thi$ report Is madè lo thg tharity, as a body, In aecordance with the terms of our 8ngagement tter. Our work has been undertaken selY to ppare for your apwoval the financial statem8nt5 of The A C and K Reid Foundation 5tat8 those rnatters that we have agreed to stste to the chadty, as a boty, in thls report in accordance with ICAEW T8chni&g1 Release 07116 AAF. fo the fullest extent pemltted by law. w8 do not accept or 8ssurne responsibility to anyone other than The A C and K Rèid Foundation arKJ tIKg charity a$ a bcxty, for tsur work or for this r8kKJrt. is your duty to ensu that The A C and K Reid Foundation has k9Pt adequate accnunting rewr(ts and to prepare 51atutory InaneAal Statements th8t give a true and fair Mew of the assets. liabilities. financial position and 5urplu5 of The A C and K R8id FoundaOn. You consider that The A C and K R&d Foundation is exempt from Ihe statuttsry audit requirement forlhe year and is not required to obtain an independent exarnin8rfs report. We hav8 not been instructed to carry out an audit or a r8vi8w ol the fironcial statements of Th? A C and K Reid Foundation. For this roaso¥b. W8 hav8 not verified the aeeur8cy or completeness of Ihe accounting records or inf0m8)n and explanatio you have given to S, and we do nol. therefore, exwess any opinion on the statutory fin8nrial statements. Tony Levy Associates 13 Juty 2026 Chartered Accountants First Floor 314 Regents Pa{ Road London N3 2LT
Pale 4 THE A C AND K REID FOUNDATION STATEMENT OF FINANCIAL ACTivmES INCLUDING INCOMEAND EXPENDITURE AccouKr FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted Unre$trieted funds funds NOTES 2024 INCOMING RESOURCES Donations and legacies Interest 35.000 1.298 36.298 RESOURCES EXPENDED Donations Rent and rates 25.450 12,164 9,530 Net movement In funds (37,614) (9,5301 Fund balances at 1 January 2025 41.495 51.025 Fund balanc85 at 31 Decemb8r 2025 40.179 41.495 11.316) 19,5301 The statsmenl of finanual aLlivities includes all gains and te9 regniSed in the y&ar. l income and expenditure derrve from continuing a¢tivitie5.
Paffe 5 THE A C AND K REID FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 CURRENT ASSETS Cash al Bank 40.179 41.495 40,179 41.495 FUNDS Unrestrkted Funds brought fcfivard 41,495 51,025 Net Surplu Ideficitl ts the year 11.316) {9.5301 40,179 41.495 The finanrial statements were appr¢)ved by the Trustees on 13 Juty 2026. Mr A Reid Trustee
Page 6 THE A C AND K REID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES Charity infoTmatlon The A C K R&d Foundation i8 a tharity govemed by a Trust Deed dated 20 January 2021. 1.1 AectsuntiDg convention The financial statements vts been Prepa in aCccdan b%ryth lh8 trust deed. the Charfties Act 2011, FRS 102 Yhe Financ4al Repxwb'ng sta18rd 8ppli(able in the UK 3nd Rgpublic of Ireland" fFRS 102,1 and Ihe Charities SORP 'UntIng and RerA)rting Oy ChBrits"es: Statern8nt of Recommended Practice apIrable to cha(1tV85 pParlI¥j thair aCcnts in accordance with th8 Financial Reporting sndard 8pplirAble in the UK and Republic of I13d IFRS 1021" leffeclNe l January 20191. The is a Put B8n8fit Entity as definJ by FRS 102. The tnjstees hav8 taken &fv8nknae of provin9 in thg S¢)RP for cttarilias not to pr8pgre a St818ment Df Cash The frnanci81 stat8ments have departed from the Charifje$ (Accounts and Reports) RgatiOnS 2008 only to the extent requir8d to prowde a tNe and fair view. This dep8rlu¥e has invdved lollowing the Statement of Rernmended PraGtice for charities apng FRS 102 rather Ihan the version of th8 Statement of ROrnMended Pract. which is fette to in Ihè Regall$. bjt which has 5inc8 been wtM1rawn. The financial $taternent5 ar8 pr8pared in stedirvJ. which is Ihe funrlonal ujrrency of th8 trustees. Monelary amounts Sn these finanual st8t8ments are foUle to the n8are £. The financial stÈtents hgve been prepared under the histor&81 cost convention. Th8 principal accounting OleS adoptod are 88tout bolow. la Golng etyn¢ern At Ihe time ol approving Ihe finala[ st8temgnts, the Trust havè 8 reasonable exptstion that th8 Foundation ha5 &leqvate OUrceS tD continu8 in Operaonal exi5t8nce for the foreseeable futur6. Thus, th8 Tw8tees contynue lo adopt the gDing conc8m basis of¢ountNj In wepaThry the )Inan(481 statements. 13 Ch8ritsble fund5 Unrestricted funds are avaiLgbig lor at Ihe dlscretion of th9 TrusteeB in furtherance of Ihelr charitsbLg c'ectNes. 1.4 Income Inctsrne 1$ recognised whan thg charity 18 legally enot to it 8fcer xny P8rforrnan coThJitiorts have b88n me¢ nounts can be measur8d r81iabty, and it Is probabl? that incL) wll be received. Cash donations are rewgnised on recelFi Other donations are recognised ¥vhen the ¢arity has been not'fied of the donation. un1888 perfomiance conditions require defeal of tha arnnL In(xMne tax recoverable r8]gti to donatiorts r8wved under Gtn Aid or dgeds ofcovenant is cogniSed atthe time ofrecelpts 01th8 Grft d. L8gacies are recC5j on recelpt o othevise rf the has been of an Imp8ndirvJ distribuoon, Ihe anUnt is known. and recÉipt is ext8d. Iflhe amount 1$ not knovffl, t gacY is twied as a conbroent a5S8L
Pa%e 7 Ac¢ountlng PDIICI Iconmnuo Expendllur• ExperKlibJr8 15 recognlsed On tPre is a logal or ¢$tl¢tIve oLligatk)n to transfer 8conOM benefit to a third party. it Is probable tha¢ a transler of econom1¢ ben8fits will be required in $8ttlemonL and th8 amount of thÈ obligation can be measured leay. Exp8nditurg is by activity. Th8 Costs of each activity m8da up ol th6 total of direct o)$ls and shared costs, including support costs invLIv8d in undertaking eath activty. Dir8cI costs thbUtab to a single activity aro allocated difecly lo that activity. Shad costs which contributa lo rrK)r8 Ihan one actility and suprht costs whKh are not attributable to a single activity are apportioned belweEn those activthes on a basis ClS1$tent wilh the use of resources. Central staff costs are all¢xat811 on the basis of timg spent. and depreci?tion chary8S are allo¢ated the pOrb ofthe asseys use. 1.6 Cash and cash equivalonts Cash and cash 6quivalents includ8 cash in hand. deposits held at call wth banks, oth8r short-tgmi liquid h)vesttnents with orKJin81 rnatuIities of thr8e months or lass, and bank overdrafts. Bank overdr8fts are shown wthin brxrowrKJs rn Jrrent liabilitw. 8•si¢ finan¢lal•ssets Basic financial a&48ts, whlch Indu detknrs and Lxsh bank balan¢$. are Initially rnea5ud at tratTsaction pri inthdSng trdnsaC0n costs are subsequenty carried at amorbsed c05t using th8 8ffective interest rnethThY unlBSS the arrangent cc)stttut8s a finanong transaction, where lh& transacti1 is rneasured at the pres8nt value of th8 fututg receipts discounted at a maik8t r8t8 of interesl Finan0* assets da5sified a5 r8ceivable wilhln one are not amortised. 8aslc flnancialllabllitles B85ic linanaal li8bilities. indLKling credilors arKI barth loans ara initially recogni5 at transactH)Tr prScÈ unlèss the pJrangemont Ix)nstitutes a finaniang transacOn, where the debt instnjment Is tn8asured at the pr6sent v4lue of the fvture payments d¢Ut8 at a market ratè of interest. FInanal IK4bi1itS classffied as paYae bTrithin one year are not atnortised. Debt instruments are subsequentty carried at 8rnorbsed eox using the effective interest rdte method. Trade creditor5 are obligations to pay for goL5 or services that have been acquirEd in th8 0Inary cour3e of operatK)ns from 5uppli8rs. Amounts payable are cla5%fied as Culnt (lalItIeS payment is due wilhin on8 y8ar or less. If not, they 8re presented as nrrent Iiatmlit$. Trade creditors ar& tonIsed inalty at tr8ns8Ltion pric8 and subwuenty measured al antised cost usiry the effective inlerest rnet. Dw8coqnlllon of financl•lll•bfflilies Finaroal liablmties arg derecognised when the tDJstee's ntraCtUal obligations expirp or are dischty or Critical a¢¢ounting eslmates and judgements In the applI110n of the trustep'5 aC(x)unting Oiaes. th8 Irustees at8 F8qUIr to wnakg jud9ernents, eslimat8$ 8nd aUmp(M$ about the caing amounl of assets and Ilabilities that are not readily apparent frorn other SoUns. The estimates and a880ualed assumpl¢ons based on hisiorical 8XP8rience an(1 other factors that ate Crffisided to be relev1. Actual resurts may drfferfrom thes8 88tirnates. Thè èstimates and underfying assumpti8 are reviewed on an oryng basis. Revrsi$ to accounting eslmate5 are r8Lwnised in tre peri¢>l in which the gstimate is revised whgre the rèwsion affects only that pericKI, or in th8 pericrt of th& vIsIon and luture peri(xls where the r8Vi5iOn 8ffecls both current and lubJr8 P9ri0ds.
Pa£e 8 THE A C AND K REID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Donatlons and 1ogaclg¥ Unrestrieted Unrestrlcted fund8 nds 2025 2024 Donations 35,000 Oth•r Incomo 2025 Grfl aid repayThent ini8rest 1,298 Trusteer6 None ofthe Tntsteas fS(8NwJ ony rnYneratk)n or bengfitsfrom thè Charrty durin9 the year. R•l•t•d paitytran5actions Th•ra wèrs no disdosablo related paty tr8nsathcfft during the year.