Company no. 04584819 Charity no. 1201993
## **Karten Network**
# **Report and Unaudited Financial Statements**
**30 September 2025**
## **Karten Network**
## **Reference and administrative details**
|**For theyear ended 30**|**September 2025**||
|---|---|---|
|**Company number**|04584819||
|**Charity number**|1201993||
|**Registered office**|Karten Network C/O The Ian Karten Charitable Trust||
||64 Nile Street||
||London||
||N1 7SR||
|**Trustees**|Trustees, who are also directors under company law, who served during||
||the year and up to the date of this report were as follows:||
||Joanne Rees-Proud|Chair|
||Massimiliano Bianconi||
||Robert Alexander Boyce|Resigned 31 July 2025|
||Paul John Doyle||
||Samantha Haddock||
||Miriam Hendry|Resigned 31 July 2025|
||Kayleigh Louise Hunt|Appointed 19 November 2024|
||Alison Jane Keeley|Appointed 14 November 2024|
||Julie Mault||
||Rohan James Slaughter||
||Emma Stewart||
||David Webster||
|**Company secretary**|Joanne Rees-Proud|Appointed 7 January 2025|
|**Bankers**|Lloyds Bank plc||
||25 Gresham Street||
||London||
||EC2V 7HN||
|**Independent**|Godfrey Wilson Limited||
|**examiners**|Chartered accountants and statutory auditors||
||5th Floor Mariner House||
||62 Prince Street||
||Bristol||
||BS1 4QD||
1
## **Karten Network**
## **Report of the trustees**
## **For the year ended 30 September 2025**
The trustees present their report along with the financial statements of the charity for the year ended 30 September 2025.
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).
## **Structure, governance and management**
The Karten Network Limited was established in 2002. In 2023, the company converted into a charity by amending its Articles so that they were suitable for a charity. The charity, the Karten Network, is a charitable company limited by guarantee, regulated by both Companies House and the Charity Commission. The board now comprises Charity Trustees who are also company Directors.
## **Appointment of trustees**
Any person who is willing to act as a Director, and is permitted by law to do so, may be appointed to be a Director by a resolution of the Directors, provided that no appointment of a Director may be made which would cause the number of Directors to exceed any number fixed as the maximum number of Directors. The Karten Network uses a skills audit to inform the recruitment of new Trustees to ensure the governance of the charity is effective and rigorous moving forwards.
Trustees are appointed for a term of three years at the end of which they shall retire. A person retiring from the office of Director shall be eligible for re-appointment but, where the retirement is at the end of a consecutive period of nine years or more in office, the Director shall not be eligible for reappointment for a further consecutive term of office unless agreed otherwise by the passing of a unanimous resolution by the Directors who shall determine the length of any further term.
## **Objectives and activities**
The charity’s objects are restricted specifically to the relief of persons in need due to their physical, cognitive, sensory or learning disabilities in particular but not exclusively by providing access to electronic assistive technologies and education and training in using such technology.
The Karten Network supports people with disabilities to optimise their achievements and opportunities through engagement with and development of technological solutions.
To fulfil its mission, the Network works with organisations in the UK and Israel, focusing on these core themes:
- Maximising ability and life outcomes for Karten Centre beneficiaries;
- Developing digital capacity and capability of organisations and staff;
- Digital infrastructure;
- Assistive Technology (AT) solutions for individuals;
- Research and development;
- Partnership and collaboration; and
- Diversity, equity, and inclusion.
The strategic goals of the charity are:
1. Analyse data, priorities, information and investment across the Karten Network in order to ensure recommendations to the Trustees meet the organisational needs and challenges of the Karten Network;
2
## **Karten Network**
## **Report of the trustees**
## **For the year ended 30 September 2025**
2. Build IT/AT capacity within Karten Centres and across supported sectors through supported applications for revenue funding;
3. Develop opportunities and partnerships to improve outcomes for Karten Centres and service users;
4. Fulfil a strategic influencing role, engaging with relevant stakeholders and activities, including but not limited to Department for Education, Policy Connect, All Party Parliamentary Group for Assistive Technology; and
5. Raise awareness of the Karten Network’s provision and share expertise across the Network by continually developing the Karten Network’s website, resources and social media presence.
The Karten Network comprises a network of centres using technology and assistive technology to improve outcomes for disabled people. The centres are funded through the Ian Karten Charitable Trust, with the purpose of improving the quality of life and independence of people with congenital or acquired physical, cognitive, sensory, learning disabilities or mental health problems. The Karten Centres provide supportive learning environments together with access to the latest assistive and information technologies and are in a wide range of host organisations. The Karten Network facilitates peer networking, sharing good practice and improving assistive technology related knowledge, skills and understanding across the organisations we support.
In addition to the support provided for the Karten Centres, the Network has been involved as a partner in a collaborative research project led by The University of Dundee and funded by the Department for Education. Other partners were Natspec TechAbility and the Ace Centre. The overall aims of this project were to more fully understand the training needs of Assistive Technology professionals and to develop a competency framework to assist with access to fit for purpose training and development opportunities.
## **Public benefit statement**
Through the wide range of activities undertaken, the charity delivers public benefit to a wide range of stakeholders including: learners and service users; their parents and carers; organisations (Karten Centres); and professionals.
When developing strategy, Trustees are focused on impact on the end users of technology. Trustees have due regard for the Charity Commission's guidance on public benefit. At the time of undergoing conversion to a charitable entity this was discussed with the lawyers supporting the process and Trustees received guidance aligned to their new role and responsibilities.
## **Achievements and performance**
The charity’s main achievements for 2024-25 are summarised below:
- Consolidation of operations for the charitable entity;
- ▪ Continued improved governance of the charity;
- Formal agreement in place between the Ian Karten Charitable Trust and the Karten Network;
- Established parameters and decision making panel for grant applications from Karten Centres;
- Timely and bespoke support and guidance for Karten Centres;
- Support provided for 5 Karten Centres to successfully secure grants for additional equipment from the Ian Karten Charitable Trust agreement;
- In collaboration with Natspec’s TechAbility services, Assistive Technology (ATech) champions have been appointed, providing additional ATech skills and expertise in organisations;
- Successful participation in the Department for Education funded assistive technology competency framework project led by the University of Dundee, report published and launched in Westminster in May 2025;
3
## **Karten Network**
## **Report of the trustees**
## **For the year ended 30 September 2025**
- Publication of 4 newsletters sharing key information and success stories across the Network;
- Proactive lobbying and representation of disabled people in a range of contexts. Representation of the Charity in Westminster through engagement with Policy Connect;
- Continued involvement in developing the Professional Association of Assistive Technologists; and
- Further developed partnerships to explore additional research and development opportunities which enhance the charity’s objects and purpose.
Karten Centre beneficiaries benefit directly from the improved use of technology and ATech in the organisations where they access services. Professionals and parents and carers supporting disabled people gain ATech related awareness, confidence and competences. Thus, the Karten Network’s activities result in improved awareness and improved quality of support available for the technology users. This has a significant impact on the quality of individuals' lives as, when harnessed effectively, technology improves independence and makes things possible that previously were not. Ultimately helping individuals to take control of their lives, live more fulfilled lives and realise their potential.
Through engagement with Policy Connect’s All Party Parliamentary Group for Assistive Technology (APPGAT) the Karten Network has made substantive contributions to studies in which recommendations are fed back to government policy makers.
In addition to the support provided for Karten Centres, the Network has wider reach as non-Karten Centre organisations supporting disabled people also access resources, support and information e.g. from the website.
## **Financial review**
During the year, the Karten Network received income of £160,000 from the Ian Karten Charitable Trust. Expenditure was £164,378, of which £113,212 was made up of grants awarded to Karten Network Centres, with the remainder spent on administration of the Karten Network and support for Centres. There was an overall defict of £4,378.
In the prior year, the Karten Network received total income of £107,907, comprised of approximately £72k from the Ian Karten Charitable Trust, £33k of restricted income from the Nuvoic project and £3k from the University of Dundee. Expenditure was £53,385 on administration of the Karten Network and support for Centres. There was an overall surplus of £54,522.
The changes in income and expenditure from the prior year are due to the new funding agreement between the Karten Network and Ian Karten Charitable Trust that was signed during the year, which passed grantmaking responsibility to the Karten Network.
## **Reserves policy**
Free reserves should total three months of total organisational operating costs based on the following year's budget. For 2025/26, this amounts to approximately £15,000. At 30 September 2025, free reserves held were £65,367 (2024: £69,745), in excess of the reserves policy. The trustees will consider how best to spend down the excess over the coming years to bring the level of free reserves down to the targeted level.
4
## **Karten Network**
## **Report of the trustees**
## **For the year ended 30 September 2025**
## **Plans for future periods**
The Network has an operational plan for the 2025 – 2026 year aligned to the Charity’s strategic goals. Many of the plans are to sustain the work of the Network and the support for Karten Centres. However, the Network aspires to exploit additional funding opportunities to extend its reach and support for disabled people. To this end the Network intends to engage a fundraising expert to target new income streams.
## **Statement of responsibilities of the trustees**
The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- ▪ observe the methods and principles in the Charities SORP; ▪ make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable UK accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
## **Independent examiners**
Godfrey Wilson Limited were reappointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 13 February 2026 and signed on their behalf by
JRees-Proud
Joanne Rees-Proud - Chair
5
## **Independent examiner's report**
## **To the trustees of**
## **Karten Network**
I report to the trustees on my examination of the accounts of Karten Network (the charitable company) for the year ended 30 September 2025, which are set out on pages 7 to 16.
## **Responsibilities and basis of report**
As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 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 giving me cause to believe that in any material respect:
- (1) accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
- (2) the accounts do not accord with those records; or
- (3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
- (4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
## William Guy Blake
Date: 13 February 2026 **William Guy Blake ACA Member of the ICAEW Godfrey Wilson Limited** Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD
6
## **Karten Network**
**Statement of financial activities** _(incorporating an income and expenditure account)_
## **For the year ended 30 September 2025**
|Note
**Income from:**
Donations
3
Charitable activities
4
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
6
9
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
**Net income / (expenditure) and net**
**movement in funds**|Restricted Unrestricted
£
£
88,000
72,000
-
-
88,000
72,000
91,000
73,378
91,000
73,378
(3,000)
(1,378)
3,000
66,745
-
65,367|**2025**
**Total**
**£**
**160,000**
**-**
**160,000**
**164,378**
**164,378**
**(4,378)**
**69,745**
**65,367**|2024
Total
£
72,000
35,907
107,907
53,385
53,385
54,522
15,223
69,745|
|---|---|---|---|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 15 to the accounts.
7
## **Karten Network**
## **Balance sheet**
## **As at 30 September 2025**
|Note
**Current assets**
Debtors
12
Cash at bank and in hand
**Liabilities**
Creditors: amounts falling due within 1 year
13
**Net current assets**
**Net assets**
14
**Funds**
15
Restricted funds
Unrestricted funds
**Total charity funds**|**£**
**3,019**
**184,450**
**187,469**
**(122,102)**|**2025**
**£**
**65,367**
**65,367**
**-**
**65,367**
**65,367**|2024
£
3,809
72,309
76,118
(6,373)
69,745
69,745
3,000
66,745
69,745|
|---|---|---|---|
The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibilities for:
- (i) ensuring that the company keeps proper accounting records which comply with section 386 of the Act; and
- (ii) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.
Approved by the trustees on 13 February 2026 and signed on their behalf by
## JRees-Proud
Joanne Rees-Proud - Chair
8
## **Karten Network**
## **Notes to the financial statements**
## **For the year ended 30 September 2025**
**1. Accounting policies**
## **a) General information and basis of preparation**
Karten Network is a charitable company limited by guarantee registered in England and Wales. The registered office address is 64 Nile Street, London, N1 7SR.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Karten Network meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## **b) Going concern basis of accounting**
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
## **d) Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
## **e) Funds accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## **f) Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
9
## **Karten Network**
## **Notes to the financial statements**
## **For the year ended 30 September 2025**
**1. Accounting policies (continued)**
## **g) Grants payable**
Grants payable are charged in the year in which the offer is conveyed to the receipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attached have been fulfilled. Grants offered subject to conditions at the year end are noted as commitment but are not accrued as expenditure. Grants which have been authorised but not yet paid are accrued in the balance sheet and are included within creditors falling due within one year or after one year (as appropriate).
## **h) Allocation of support and governance costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. Support and governance costs are allocated in full to charitable activities on the basis that no significant fundraising is undertaken.
## **i) Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **j) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **k) Creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **l) Financial instruments**
The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
10
## **Karten Network**
## **Notes to the financial statements**
## **For the year ended 30 September 2025**
## **1. Accounting policies (continued)**
## **m) Accounting estimates and key judgements**
- In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
There are no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.
## **2. Prior period comparatives: statement of financial activities**
|**Income from:**
Donations and legacies
Charitable activities
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net income**
Transfers between funds
**Net movement in funds**
**3.**
**Income from donations**
Ian Karten Charitable Trust
**Total income from donations**|Restricted
£
£
-
72,000
35,907
-
35,907
72,000
-
53,385
-
53,385
35,907
18,615
42
(42)
35,949
18,573
Restricted
£
£
88,000
72,000
88,000
72,000
Unrestricted
Unrestricted|2024
Total
£
72,000
35,907
107,907
53,385
53,385
54,522
**-**
54,522
**2025**
**Total**
**£**
**160,000**
**160,000**|
|---|---|---|
11
## **Karten Network**
## **Notes to the financial statements**
## **For the year ended 30 September 2025**
|**3.**
**Income from donations (continued)**
**Prior period comparative:**
Ian Karten Charitable Trust
**Total income from donations**|Restricted
£
£
-
72,000
-
72,000
Unrestricted|2024
Total
£
72,000
72,000|
|---|---|---|
**4. Income from charitable activities**
|EU Horizons 2020
University of Dundee
**Total income from charitable activities**|**2025**
**Total**
**£**
**-**
**-**
**-**|2024
Total
£
32,907
3,000
35,907|
|---|---|---|
All income from charitable activities in prior period was restricted.
## **5. Government grants**
The charitable company did not receive any government grants in the current year. In the prior year, the charitable company received grant funding from the European Commission and from the Department for Education, to fund charitable activities. The total value of such grants in the period ending 30 September 2024 was £35,907. There were no unfulfilled conditions or contingencies attached to these grants.
12
## **Karten Network**
## **Notes to the financial statements**
## **For the year ended 30 September 2025**
## **6. Total expenditure**
|Charitable
activities
£
Grants to Karten Centres (note 7)
113,212
Freelance costs
29,913
Subscriptions
-
Accountancy fees
-
Insurance
-
IT costs
-
Office costs
-
Bank charges
-
**Sub-total**
143,125
Allocation of support and governance costs
21,253
**Total expenditure**
**164,378**
Total governance costs were £2,160 (2024: £2,040).
**Prior period comparative**
Charitable
activities
£
Freelance costs
31,708
Accountancy
-
Subscriptions
-
Office costs
-
Insurance
-
IT costs
-
Bank charges
-
Sub-total
31,708
Allocation of support and governance costs
21,677
Total expenditure
53,385|Support and
governance
costs
£
-
11,044
4,200
2,640
2,556
498
199
116
21,253
(21,253)
**-**
Support and
governance
costs
£
11,376
3,011
2,906
2,819
1,058
415
92
21,677
(21,677)
-|**2025 Total**
**£**
**113,212**
**40,957**
**4,200**
**2,640**
**2,556**
**498**
**199**
**116**
164,378
**-**
**164,378**
2024 Total
£
43,084
3,011
2,906
2,819
1,058
415
92
53,385
-
53,385|
|---|---|---|
13
## **Karten Network**
## **Notes to the financial statements**
## **For the year ended 30 September 2025**
**7. Grants payable** During the year, 5 (2024: nil) new grants were awarded to 5 institutions.
Total grants committed to during the year were as follows:
|**Grants payable to institutions:**
**_Grants to Karten Network Centres_**
Bridge College
ESPA College - South Hill
New Bridge School
Seashell Trust, Royal College Manchester
Sense College
Total grants payable to institutions
**8.**
**Grant commitments**
Grant commitments brought forward
Grants committed during the period
Grants paid during the period
Grant commitments carried forward
**9.**
**Net movement in funds**
This is stated after charging:
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
Independent examination (ex VAT)|**2025**
**£**
**14,690**
**24,485**
**24,950**
**24,163**
**24,924**
**113,212**
**2025**
**£**
**-**
**113,212**
**-**
**113,212**
**2025**
**£**
**Nil**
**164**
**1,800**|2024
£
-
-
-
-
-
-
2024
£
-
-
-
-
2024
£
Nil
Nil
1,700|
|---|---|---|
One trustee was reimbursed £164 for travel expenses in the current year (2024: £nil).
In common with other charities of our size and nature we use our independent examiners to assist with the preparation of the financial statements.
14
## **Karten Network**
## **Notes to the financial statements**
## **For the year ended 30 September 2025**
## **10. Staff costs and numbers**
The charity does not employ staff. The trustees are all volunteers and there is a part-time administrator and other consultants engaged on a freelance basis.
The key management personnel of the charitable company comprise the Trustees, Development Co-ordinator and Technology Advisor. The total benefits of the key management personnel were £39,973 (2024: £41,928).
## **11. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
## **12. Debtors**
|Prepayments
**Creditors: amounts due within 1 year**
Accruals
Other creditors
Grants payable (note 8)
**Analysis of net assets between funds**
Current assets
Current liabilities
**Net assets at 30 September 2025**
**Prior period comparative**
Current assets
Current liabilities
**Net assets at 30 September 2024**|Restricted
£
88,000
(88,000)
**-**
Restricted
£
3,000
-
3,000|**2025**
**£**
**3,019**
**2025**
**£**
**8,890**
**-**
**113,212**
**122,102**
£
99,469
(34,102)
**65,367**
£
73,118
(6,373)
66,745
Unrestricted
Unrestricted|2024
£
3,809
2024
£
2,040
4,333
-
6,373
**Total**
**£**
**187,469**
**(122,102)**
**65,367**
Total
£
76,118
(6,373)
69,745|
|---|---|---|---|
## **13. Creditors: amounts due within 1 year**
## **14. Analysis of net assets between funds**
15
## **Karten Network**
## **Notes to the financial statements**
## **For the year ended 30 September 2025**
## **15. Movements in funds**
|**Restricted funds**
IKCT Network Centres
Fund
University of Dundee
**Total restricted funds**
**Total unrestricted funds**
**Total funds**|At 1
October
2024
£
-
3,000
3,000
66,745
69,745|Income
£
88,000
-
88,000
72,000
160,000|£
(88,000)
(3,000)
(91,000)
(73,378)
(164,378)
Expenditure|Transfers
between
funds
£
-
-
-
-
-|**£**
**-**
**-**
**-**
**65,367**
**65,367**
**At 30**
**September**
**2025**|
|---|---|---|---|---|---|
## **Purposes of restricted funds**
## **IKCT Network Centres Fund**
Karten Network receives an annual grant from the Ian Karten Charitable Trust, to advance the Karten Network's charitable purposes and award grants to Karten Centres. A portion of the grant is restricted, reserved for non-administrative expenses.
## **University of Dundee**
Research led by the University of Dundee to more fully understand the training needs of Assistive Technology professionals and to develop a competency framework to assist with access to fit for purpose training and development opportunities.
## **Prior period comparative**
|**Restricted funds**
Nuvoic project
University of Dundee
**Total restricted funds**
**Total unrestricted funds**
**Total funds**|At 1
October
2023
£
(32,949)
-
(32,949)
48,172
15,223|Income
£
32,907
3,000
35,907
72,000
107,907|£
-
-
-
(53,385)
(53,385)
Expenditure|Transfers
between
funds
£
42
-
42
(42)
-|At 30
September
2024
£
-
3,000
3,000
66,745
69,745|
|---|---|---|---|---|---|
## **16. Related party transactions**
There were no related party transactions in the current or prior period.
16