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 co￿TENTs 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 D￿rnber202s. 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 th￿r 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 pe￿iL￿ 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 guirtar￿e issued by the Charity Commission in detsding whal 8Ctiviti8s the trustees should utK*rtak8. 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 In1￿81 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 fU￿led In actord8ncg with the Fdan for Ihe year to Decgmber 2025 and its aLNlity to contlnU8 in the followlng year. It is the pOI￿Y 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 U￿er the Charitigs Act 2011, we have rKepareil for your 8pproval Ihe fi[Jan￿al 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￿$, we ale subjact to ils ethical and other professional requir8￿ntS whic* are d6tailed at hup$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 s￿elY to p￿pare 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 Founda￿On. 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$trieted funds funds NOTES 2024 INCOMING RESOURCES Donations and legacies Interest 35.000 1.298 36.298 RESOURCES EXPENDED Donations Rent and rates 25.450 12,164 9,530 Net movement In funds (37,614) (9,5301 Fund balances at 1 January 2025 41.495 51.025 Fund balanc85 at 31 Decemb8r 2025 40.179 41.495 11.316) 19,5301 The statsmenl of finanual aLlivities includes all gains and t￿e9 re￿gniSed in the y&ar. l income and expenditure derrve from continuing a¢tivitie5. Paffe 5 THE A C AND K REID FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 CURRENT ASSETS Cash al Bank 40.179 41.495 40,179 41.495 FUNDS Unrestrkted Funds brought fcfivard 41,495 51,025 Net Surplu￿ Ideficitl ts the year 11.316) {9.5301 40,179 41.495 The finanrial statements were appr¢)ved by the Trustees on 13 Juty 2026. Mr A Reid Trustee Page 6 THE A C AND K REID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES Charity infoTmatlon The A C K R&d Foundation i8 a tharity govemed by a Trust Deed dated 20 January 2021. 1.1 AectsuntiDg convention The financial statements ￿vts been Prepa￿ in aCcc￿dan￿ b%ryth lh8 trust deed. the Charfties Act 2011, FRS 102 Yhe Financ4al Repxwb'ng sta￿18rd 8ppli(able in the UK 3nd Rgpublic of Ireland" fFRS 102,1 and Ihe Charities SORP '￿￿UntIng and RerA)rting Oy ChBrits"es: Statern8nt of Recommended Practice ap￿Irable to cha(1tV85 p￿ParlI¥j thair aCc￿nts in accordance with th8 Financial Reporting s￿ndard 8pplirAble in the UK and Republic of I￿13￿d IFRS 1021" leffeclNe l January 20191. The is a Put￿￿ B8n8fit Entity as defin*J by FRS 102. The tnjstees hav8 taken &fv8nknae of ￿ provi￿n9 in thg S¢)RP for cttarilias not to pr8pgre a St818ment Df Cash The frnanci81 stat8ments have departed from the Charifje$ (Accounts and Reports) R￿g￿atiOnS 2008 only to the extent requir8d to prowde a tNe and fair view. This dep8rlu¥e has invdved lollowing the Statement of Re￿rnmended PraGtice for charities ap￿￿ng FRS 102 rather Ihan the version of th8 Statement of R￿OrnMended Pract￿. which is ￿fette￿ to in Ihè Reg￿all￿$. bjt which has 5inc8 been wtM1rawn. The financial $taternent5 ar8 pr8pared in stedirvJ. which is Ihe funrlonal ujrrency of th8 trustees. Monelary amounts Sn these finanual st8t8ments are foU￿le￿ to the n8are* £. The financial stÈte￿￿nts hgve been prepared under the histor&81 cost convention. Th8 principal accounting O￿leS adoptod are 88tout bolow. la Golng etyn¢ern At Ihe time ol approving Ihe fina￿la[ st8temgnts, the Trust￿ havè 8 reasonable exp*tstion that th8 Foundation ha5 &leqvate ￿OUrceS tD continu8 in Opera￿onal exi5t8nce for the foreseeable futur6. Thus, th8 Tw8tees contynue lo adopt the gDing conc8m basis of￿¢ount￿Nj In wepaThry the )Inan(481 statements. 13 Ch8ritsble fund5 Unrestricted funds are avaiLgbig lor at Ihe dlscretion of th9 TrusteeB in furtherance of Ihelr charitsbLg c*'ectNes. 1.4 Income Inctsrne 1$ 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 defe￿al of tha arn￿nL 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 recC￿5￿j on recelpt o* othevise rf the has been of an Imp8ndirvJ distribuoon, Ihe an￿Unt is known. and recÉipt is ex￿t8d. 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￿ tP￿re is a logal or ¢￿$t￿l¢tIve oLligatk)n to transfer 8conOM￿ benefit to a third party. it Is probable tha¢ a transler of econom1¢ ben8fits will be required in $8ttlemonL and th8 amount of thÈ obligation can be measured le￿a￿y. Exp8nditurg is by activity. Th8 Costs of each activity ￿ m8da up ol th6 total of direct o)$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. Sha￿d costs which contributa lo rrK)r8 Ihan one actility and suprh*t costs whKh are not attributable to a single activity are apportioned belweEn those activthes on a basis C￿lS1$tent wilh the use of resources. Central staff costs are all¢xat811 on the basis of timg spent. and depreci?tion chary8S are allo¢ated ￿ the pOrb￿ ofthe asseys use. 1.6 Cash and cash equivalonts Cash and cash 6quivalents includ8 cash in hand. deposits held at call wth banks, oth8r short-tgmi liquid h)vesttnents with orKJin81 rnatuIities of thr8e months or lass, and bank overdrafts. Bank overdr8fts are shown wthin brxrowrKJs rn Jrrent liabilitw. 8•si¢ finan¢lal•ssets Basic financial a&48ts, whlch Indu￿ detknrs and Lxsh bank balan¢￿$. are Initially rnea5u￿d at tratTsaction pri inthdSng trdnsaC￿0n costs are subsequenty carried at amorbsed c05t using th8 8ffective interest rnethThY unlBSS the arrange￿￿nt 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 transac￿On, where the debt instnjment Is tn8asured at the pr6sent v4lue of the fvture payments d￿¢￿U￿t8￿ at a market ratè of interest. FInan￿al IK4bi1it￿S classffied as paYa￿e 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 goL￿5 or services that have been acquirEd in th8 0￿Inary cour3e of operatK)ns from 5uppli8rs. Amounts payable are cla5%fied as Cul￿nt (la￿lItIeS ￿ payment is due wilhin on8 y8ar or less. If not, they 8re presented as ￿n￿rrent Iiatmlit￿$. Trade creditors ar& ￿to￿nIsed in￿alty at tr8ns8Ltion pric8 and subwuenty measured al an￿tised cost usiry the effective inlerest rnet￿. Dw8coqnlllon of financl•lll•bfflilies Finaroal liablmties arg derecognised when the tDJstee's ￿ntraCtUal obligations expirp or are dischty or Critical a¢¢ounting eslmates and judgements In the applI￿110n of the trustep'5 aC(x)unting Oiaes. th8 Irustees at8 F8qUIr￿ to wnakg jud9ernents, eslimat8$ 8nd a￿Ump￿(M$ about the ca￿ing amounl of assets and Ilabilities that are not readily apparent frorn other SoUn￿s. The estimates and a880ualed assumpl¢ons based on hisiorical 8XP8rience an(1 other factors that ate Crffiside￿d to be relev￿1. Actual resurts may drfferfrom thes8 88tirnates. Thè èstimates and underfying assumpti￿8 are reviewed on an ory￿ng 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.