KYTES EXECUTIVE COMMITTEE Registered Charity No. 223067 ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
KYTES EXECUTIVE COMMirrEE ACCOUNTS YEAR ENDED 31ST MARCH 2025 CONTENTS PAGE Report of the Trustees Statement of Financial Activities Balance Sheet Notes to the Accounts Report of the Auditors
Pagè 1 KYTES EXECUTIVE COMMIThEE REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2025 The trustees present their arUal report together wilh the audited accounts for the ycar ended 31 st March 2025. They are prepared in accordance with the accounting policies sel out in note I to thc accounts and comply with thc Lharity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities Statetllent of Rccointnended Practice applicable to charitics pparing their accounts in accordancc with the Financial Reponing Standard applicable in the UK and Republic of Ireland (FRSI 02) {effectivc I st January 2019). ORIECTIVES AND ACTIVITIES The objects of the charity are lo relieve the needs of persons suffering from paraplegia, any forni of paralysis or othcr disability by way of grant funding. Prefer¢n¢e shall be given to persons suffering from these conditions who are ex-scrvicemen or w'omcn. Only persons resident in, or being Irealed in, Greai Briiain or Northern Ireland shall be eliLFible lo benefit. The trustees have referred to the guidance contained in the charity commission's gencral guidance on public bcnefit when reviewing aims and obje¢tives and in planning futurc activitics. In particular, thc trustees consider how planned aciivities will contribute to the aims and objcLtives they have set. ACHIEVEMEIYTS AND PERFORMANCE Chairman's report in respect of the trustees, work during the year ended 31st Mirch 2025 The end of year report marks the twenty second anniversary of K)rtes operaiions as a grant making trust. Four meetings were held during the year at which the trustees considcrcd rcqucsts for financial assistancc submitted on behall of eligible applicants and orLianisations. These meetings were held remot¢ly via video conlerenciiig. Kyles Trust received 191 applications for financial assistance for individuals during the year which was 119 more than the prcvious ycar. Of the total appli¢a¢ions received during the financial ycar the trustees were able to approvc assistance for 175 indii'idual cases lalling within the LharitJ s strict criteria for deterniining 'need'. This was 116 tnorc than lh¢ previous year, with the total sum awarded by Kytes on behalf of individuals being £97,070 compared with £52,255 in 2023124 - an 860/ts increase compared to 2023124. Payments for ex-service relatcd cases were made through thc Royal British Legion and non-service related cases through other sponsoring organisalions. The average grant made by trustees for eaLh application was £555. about £331 lower per case than the previous year. Of the 175 awards approved, 148 were tor Anny related cases. 21 for Royal NaNy related cases and 6 for Royal Air Force related cases. Tliere were no awards to individuals tor non-service related cases durin¥ thc year. As in previous years the majority of the awards were made to help with the purchase of disability related equipment such as electric wwered wheelchairs and scooters, elecrri¢ riser recliner chairs and beds and disability related property adapiaiions. The iruslees are only able ¢0 help purchase equipm¢ni that has been recotnmended after an assessment by an Occupational I"herapist.
Page 2 KYTES EXECUTIVE COMMirrEE REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2025 ACHIEVEMENTS AND PERFORMANCE (eontinued) A wide variety of organisations helping the severely disabled continuc to apply lo Kytes for financial assistance. 16 requests for special donaiions were r¢¢eived during the year and the trustccs wcrc ablc to approve assistance iotalling £55,684 for 8 of the organisations that applied. These special donatioiis were restricted to matters specific to liclping the disabled e.g. disability equipment, special progrdmmeslprojects or events specifically for thc disabled. No assistance can be given with an organisation's overheads or day to day running Losts. The orgyanisations receiving special donalions during the year included (hose helpingF disabled ex-s¢rvice personnel, disabled children, peoplc with Icarning disabilities, and wheelchair sports clubs. Other organisations receiving special donations in previous years includcd those helping disabled siudenls, the partially sighted and members of the hospice organisation. Kjtcs trustccs will continue to support eligible organisalions by means of spe¢i81 donations as they believe this to be thc most efficient way of reaching as wide a nutllber of disabled people of all ages and backgrounds as possible. The trustees annual target for charitable giving is £200,000. In what has been a better year, The tnjsiees were encouraged ihat the figFure for ihis financial year had increased to just under £153,000 compared io jusi under £129,000 las¢ year. 'I'he tNsi¢es ¢onlinu¢ lo apply consistently their eligibilily criteria. Administration costs amounled to £17,895 (2023124 expenditure. £15,951) being 10.490/0 of total DuringF (he year. KNes investments were managed by Cazenove Capital in the forn) of a lon&F_(emi fund seeking long7 terni real gains. Cash_flow requirements were funded from a combination of tliis account and currcnt asset investments. The trustees loiig terni aiill remains a distribution of up to £200,000 per annutn throu a combination of income and capital. Although setting distribution at this Icvel will result in a gradual erosion of capital. the trustccs want to distribute this amount for as long as possible and since Kytes incepiion as a grant making Lharity jusl over £2.4 tnillion in tlic lonn ot grants and special doi)ations has been disbursed. A free reserves policy of 12 months planned expenditu ¢ontinues lo be adopled. Since the year-end, following a rigorous review process, the trustees decidcd to transfcr thc tnanagcincnt of their invcstmcnts from Cazenove Capiial to RBC Brcwin Dolphin. FINANCIAL REVIEW The trusiees report that total incotnc gcncratcd durin¥ the year on the charity's investments and deposits amounied to £70,070 1?023124 _ £74.603). Total expenditure for the year amounled to £173,539 (2023124 - £144,683). The increasc in expenditure is largely related to the grants and special donations payable. Administration costs amountcd to £20,785 (2023124 £15,951) representingy 30 % of income. The 2ccourits show a decrease in thc valuc of invcstments amountins to £18,383. Invesiment opponunilies are reviewed on a regular basis to ensure that income is maximised and capital Inainlained.
Page 3 KYTES EXECUTIVE COMMirrEE REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2025 FINANCIAL REVIEW (continued) Reserve5 policy tn accordance with guidelines issued by the Charily Commission, the trustees have adopted a policy regarding reserves to ensure that thcy arc satisficd that the net ass¢ts of the charity amounting to £1,616,448 are sufficient to fulfil the objects of the charity. The level of funds maintained in the general reserve is reviewed regularly by the trusiees and its adequacy is assessed taking account of= (i) forccast incoinc Icvels in tUre years,. (li) forecast expenditure in future years on thc basis of Pla[rd activity; (iii) fulurc needs. opportunities, contingiencies or risks, the ¢t'lecl of. which is unlikely to be met out of curreni year income it. and when they arise; and (iv) likelihood of each of those needs arising and the potential conscqucnces for Kytes not being able to tneet them. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Kytes Executive Committee is governed by a trust (teed and s¢heme dated 14th January 2003. OrganisAtion and appointment of trustees Thc constitution requires that the Executive Committee, when complete. idcally consists of 2 rcprcsciitativc members from The Order of St. John of Jernsalem and 4 co-opted mcmbers. The representative meinbers are selected from suiiably qualified candidates nominated by The Order of St. John of Jerusalem. Co-opted membcrs arc choscn from thos¢ nominees possessing thc appropriate ski115 that mi¥ht be required by the Executive Committce and, whcrc ncccssary, n¢w truste¢s are proN'idcd witli suitable training. The names of the trustees who acted during thc financial year 2024125 are set out on page 4. Risk Management The trustees carry out an annual review of th¢ risks which ihe charity may face and have establishcd systeins and procedures to mitigate any risks identified and minimise any potential impact should any idcntificd risks matcrialise.
Page 4 KYTES EXECUTIVE COMMIThEE REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2025 REFERENCE AND ADMllYISTRATIVE INFORMATION Registered Chirity Number 223067 Registered Name Kyles Offiee Address P.0. Box 735 Tunbridge Wells TN9 9WP Trustees The Ord¢r of St. Johll of Jerusalem Mr. B. Wingate Bsc (Flons) (Chainnan) Dr. D. 'E'averner Co-opled Mr. 1.. 0'Brien BCOM FCA Mrs. T. Smith Mrs. N. Stout Mrs. J. Cox Mr. C. Sharwood - Smith {Vice - Chairnian) (Appointcd 30th April 2024) Se¢r¢¢ary l Treasurer Mr. D. Thomas Solicitors Womble Bond DiLkinson St Anu's Wharf, 112 Quayside Newcastle Upon Tyne NEI 3DX Auditors FKCA Limited 260 - 270 Butlcrficld Grcat Marlings Luton, Bcds. LU2 8DL Bankers Barclays Bank PIC 32, c.larendon Road Watford. Hcrts. WDI IBZ Investment Manag¢r$ Cazenove Capital 12 Moorgate London EC2R 6DA RBC Brewin Dolphin 12 Sn]itlificld Strcct tA)ndon ECIA 9LA
Page 5 KYfES EXECUTIVE COMMirrEE REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2025 STATEMENT OF TRUSTELS, RESPONSIBILITIES Tlie chtirity tnLslees &re responsible foT preparing a tTUStees' annual rep)rt ]d accoui)ts in accordancc with dpplicuble law and lJnited Ktngdom Accounting Standards {United Kingdom GeneTally Accepted ALcounting Practice). The law Applicable to ¢hatities in England and Wales requires th¢ chan'ty trustees to pi¢pare a¢couT]ts for each fill211cial year which give a ITUC and fair vicw of the State of affaii"s of the L'harity and of the incoming resources And application of resources of the charity for that period. pi'eparing those accounts, Ihe trustees are reqiiired to.. select suitable accounling pDli¢ics and then apply them ¢onsis(ently- ob$erve the m¢thods and principleq iyt the Charitics SORP," make judgements and estimates that ar¢ rcasonable and prLtdent,' state whether applicable a¢COUlltingF Standards h&lVC been fvllowed. subject tu any material departures that must be discloscd and explained the accounts- and prepai¢ the toU11ts 011 il)¢ gFoing coneeThi basis uiiless il is iiiappropTiaie to presuilli that tlie charity will Lontinue in operation. The Injstccs are responsible for keeping adequate accounting iL'Lord6 tiiat are sufficient to show and explain the cliarity's transaction.% and disclose with reasonable accuracy ai any time the financxal positson of the charity and to ensure that the accounts comply with thc Charitieg Act 201 l. Statemeiii of Recomm¢i)ded Practice and the provisions of the trust deed. They are also responsible for 5afeguatding th¢ assets of the charity and hcnce for taken rcasonable steps for the prevention and detection of fraud &nd other irregtharities. Under thc Charities Act 2011, #s the charitys trustees. we ccrtify that.. 80 faT as we ar¢ aware, there is no relevaiil audi( infotn]ation of which the charity'5 auditol are unaware.. dnd as the IStee5 of the charitv we have takcn all the sicps that we Dught to havc taken in order to Tnake ourselves aware of Ally rclevant audit inforniation and to establtsh that the charitys auditors are aware oftliat inlormalion. si]ed Oll behalf of tbe tnJst¢es Ntr. B. Wingat, CFIAIRMAr4 P.0. Box 735 Tut]bridge Wells TN9 9WP 22nd October 2025
Page 6 KYTES EXECUTIVE COMMirrEE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 Noie 2025 2024 UNRESTRICTED FUNDS Income from: Invcstmcnts 70,070 74,603 Expenditure on: ChaTitabl¢ a¢tiviti¢s (173,539) (144,683) Net (losses) I gains on investments Re21ised gTains on investtn¢nts Unrcaliscd (losses) I gains on invcsttncnts (18,383) 99.206 (18,383) {121,852} 99,206 29,126 Net n)ovement in funds Recolleiliation of funds: Total funds brought forward I st April 2024 Total funds carried forward 31st March 2025 1,738,300 ,709.174 1.616,448 ,738,300
Pag• 7 KYfES EXECUTIVE COMMIThEE BALANCE SHEET 318T MARCH 2025 Notc 2025 2024 FIXED ASSETS Investmeots 1,592273 1.733.996 CURRENT sETs InveStents Cash aL bank akd in haT 1.381 29272 3n.653 1,316 6,402 7,718 Credltors: a1ul fa]ling thie within one year 6.478 24,175 3,414 4,31kt NET CtI]IBINT ASSETS TOTAL ASSETS LLSS CURRENT LIABILITIES 1.616.448 1,738.300 FirM)s 1.616.448 1.738.300 The accounts on page6 6 to 10 were appTr)ved by th¢ tn]stees on 22nd October 2025 andwere thJed on their behalf by.. Mr. B. Wlnga - Ch*inMn Mr. T.
Page 8 KYTES EXECUTIVE COMMITTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES (a) Basis of preparation The a¢¢ounts have been prepared under thc historical cost convention, as modified to include the revaluation of invcstments at markct valu¢, and in accordance with the Staiement of Recommended Pra¢lice.' Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (efteclive I st January 2019), the Financial Reporting Standard applicablc in th¢ Unitcd Kingdom and R¢public of Ireland {FRS 102) and the Charities Act 2011. The presentation currency of th¢ accounts is in Pounds Sterling (£), which is the functional currency of the charity. The charity meets thc dcfinition of a public benefit enlily under FRSI 02. In common wilh many other charities of our size and nature we use our auditors to assist with the prepatration of the accounts, although strict safeguards remain in place for thc audit opinion to remain fully objective. (b) Income recogllition Investment incotne is aLcounted for when earned. (c) Expenditure recognition Grants payable are accounted for when approved. Grants reimbursed are accounted for when rcccivcd. or whcn notified if carlier. Governance costs include those costs associated with meeting the constitutional and statutory requirements of thc charity and include the audit fees and Costs linked to the strategic management of the charity. (d) Flxed Asset Investments Invesimenls are a fonn of basie financial instrument and are initially rccognised ai their transaction value and subsequently measured at iheir fair value as at the balance shcet daic using the ¢losing bid market value. Gains and losscs oll revaluation arc taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments arc calculated as the difference betwecn sales procceds and their opening carying value or their purchase value if acquired subsequcnt lo thc first day of the financial year. Unrealised giains and losse5 are calculated as the diflerence between the fair value at ihe year end and their carrying value. {e) Currellt A55et IDvestments Cash and cash equivalents with a maturity of less than one year and hcld for illvcstmcnl purposes rather than to meet short terni cash commitments. (fj Fund aecoullting The general reserve is an unrestricted fund which the ISteeS may use in accordance wilh the charity's objects.
Pagg 9 KYTES EXECUTIVE COMMirrEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 2025 2(124 2. EXPENDITURE Charitable a¢tivitie$ Grants payable Grants rcimbursed Special donalions Secretary / treasurer honorarium Governance ¢osls'. audit fees Professi021al fees Printing, postage and stationery Travel Bank charges Investment management fees 97,070 52,255 (180) 76,657 3.000 3,414 4,800 577 55,684 5,500 3,588 6,690 802 35 84 4,086 173,539 100 4.054 144,683 3. FIXED ASSET INVESTMENTS At I si April 2024 Income reinvested ,iquid funds transfer Realised gains on diswsals Unrealised net (losses) I gains on revaluation Managcmcnt fccs At 31st March 2025 1,733,996 70,005 (189,259) 1,699,969 74,542 (135,667) (18,383} {4.086) 1,592,273 99,206 (4,054) 1,733,996 Invesimentb ai 31 st March 2025 compribe.. Listcd investtncnts Cash held within investment portfolio 1,591,327 946 1,728,960 5.036 1,733,996 1,592,273 Historical cost at 31 st March 2025 1,551,560 1,667,395 4. CURRENT ASSET INVESTMENTS Cash or cash equivalents 1,381 1,316 5. CREDITORS Amounts falling due within one year ALcruals 6,478 3,414
Page 10 KYfES EXECUTIVE COMMIThEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 Unres¢rRcted funds FUNDS At I st April 2024 Nel movement in funds 1,738,300 (121,852) 1,616.448 At 31st March 2025 RELATED PARTY TRANSACTIONS None of the trustees claimed cxpcnses from the charity during the year (2024 - £nil). Mr Tim O'Brien. a trustee of the charity is a partncr of Optimum Support. In the year ended 31 st March 2025 professional lees of £6,690 were chargcd io thc Lharily by Oplimllm Support 12024 £4,800). 2025 2024 FINANCIAL INSTRUMENTS The carrying amounts of the charily's financial insiruments are as follows.. Financial assels.. Measured at fair value through net income / expenditure= Fixed assct listcd invcsttllcnts (notc 3) 1,592,273 1.733,996 The net gains attributable to the charity's financial instruments are summarised as follows.. Nel (losses) / gains (including changes in fair value) (18,383) 99,206
Page 11 KYTES EXECUTIVE COMMirrEE INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES YEAR ENDED 31ST MARCH 2025 Opinion We have audited the accounts of K)ttes Executive Committee (the charity) for the year ended 31 st March 2025 which comprise the Balance Shcct. the Siatemeni ofFinancial Activities and thc notes to the accounts including a sumim<iry of significant accounting, policies. The financial reporting framework that has been applied in their preparation is applicable law and Uniied Kingdom Accounting, Standards, including Financial Reporting Standard 102 Thc Financial Reporting Standard applicablc in the UK and Republic of Ireland (United Kingdom Gellcrally Accepted Accounling Practice). In our opinion, the accounts= give a true and fair view of the state of the charity's affairs as ai 3 Isi March 2025 and of its incoming resources and application of resources for the year then ended,. havc bccn properly prcpared in accordance with United Kingdom Generally Accepted Accounting Praciice. and have been prepared in accordance with thc requircmcnts of thc Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditin¥ (UK) (ISAS (UK)) and applicable law. Our r¢sponsibilili¢s under thos¢ standards are further described in the Auditor's responsibilities for ihe audit of the aL¢ounts s¢ction of our r¢port. We are independent ol- the charity in aL¢(Jrdan¢e with the eihi¢al requir¢menls that are relevant to our audit of the accounts in thc UK. including the FRC'S Ethical Standard and the provisions available for small entities, in the circumstances set out in note l (a) to the accounts and we have fulfillcd our cthical rcsponsibilitics in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriatc to providc a basis lor our opinion. Conclusions relating to going coneern We havc notliing to rcport in respcct of the following matlcrs in rclation to which thc ISAS (UK) require us to report to you where.. the irustees, use of the going concern basis of a¢¢ounling in the preparation of the accounts is not appropriate.. or thr trustc¢s' have not discloscd in the accounts any identified material uncertainties that n]ay cast significant doubt about thc charity's ability to continue to adopt the going concern basis of accouniing for a period of at least twelve months from the date when the a¢counls are authorised for issue. Other informatio The other infomation ¢omprises Ihc infortnalion included in the report of the trustees, other than the accounts and our auditor's rcport th¢reon. The trustecs arc responsible for the other infom)alion. Our opinion on the accounts does not cover the oiher infonnation and, except io ihe exleni otherwise explicitly stated in our report, we do noi express any form of assurance conclusion thereon. In connection with our audit of thc aLLounts. our responsibility is to read the other inforniation and, in doing so. consider whether Ihe oihcr inforniatioll is materially inconsislent with the accounts or our knowledge obtained in the audil or othenvisc appcars to be materially misstated.
Page 12 KYTES EXECUTIVE COMMIThEE INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES YEAR ENDED 31ST MARCH 2025 Other information (continued) If we ideniify such material inconsislen¢ies or apparent material misstatements, we are required to deterniine whether thcre is a n]atcrial tnisstatem¢nt in the accounts or a material tnisstatcment of the other inforniation. It.. based on the work we have perfomed, we conclude that thcrc is a material misstatement of this oiher infonnation, wc arc rcquircd to rcport thai faci. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in rcspcct of thc following matters where the Charities Act 2011 require us to report lo you if, in our opinion.. the inforn)alion given in the accounts is inconsistent in any material respect with the report of Ihe trustees,. or suificient a¢¢ounting records have not bccn kcpt,. or thc accounts are not in agreement with the accounting records; or we have not rcccivcd all tlic inforniation and cxplanations w¢ r¢quire for our audit. Responsibilities of trustees As explained more lully in the trustees, responsibilities statcment sct out on page 5, the trustees are responsible for the preparation of the accounts and for being satisfied thai they gtve a true and fair view, and for such intcrnal control as the trustees deterniine is necessary to enablc the preparation of accounts that are frec from material misstatement, whether due to fraud or error. In preparing ihe accounts, the trustees are responsible for assessing thc charity's ability to uoniinu¢ as going concern, diselosing, as applicable, matters relaled to goingF concern and usingJ the gyoing concern basis of accountingF unless thc trusters either intend to liquidate tlie charity or to cease operalions, or have no realistic alternativc bul to do so. Auditor's responsibilities for the audit of the accounts We l)av¢ bccn ap]M)inted as auditors under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulaiions made or having effect thereundcr. Our objectives are to obtain reasonable assurance about whether thc accounts as a whole are free frojn matcrial misstatcmcnt, whcther due to fraud or error. and lo issue an auditor's report that inLludes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in ac¢ordance with ISAS (UK) will always detect a material tllisstatctncnt whcn it exists. Misstatemenis can arise from fraud or error and <ire considered material. if individually or in the aggregate, they could reasonably be expected to influence the economic decisions of uscry taken on the basis ot these accounts.
Page 13 KYTES EXECUTIVE COMMirrEE INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES YEAR ENDED 31ST MARCH 2025 Auditor's responsibilities for the audit of the accounts (continu¢d) rebiularities, includingj Eraud, arc inslanccs of non-compliance witli laws and regulations. We desi8n procedures in lin¢ with our responsibilities, outlincd abovc, to detect tnaterial misstatemcnts in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularitics, including fraud is detailed below.. The engagement partner ensured that the engagcment team collectively had the appropriate compeience, capabilities and skills to identify or reco¥nisc non-Lompliance with applicable laws and regulations,. We idcnlified th¢ laws and regulations applicable to the company through discussions with dir¢ctors and other maiiagemcnt; We tocuscd on spccific laws and regulations which w¢ considered may have a direct impact riiaierial effect on the finanLial statements. or the operations of the charity: and We assessed the extent of compliance with thc laws and regulalionb identified above through makin¥ enquiries of manabjemenl and inspecting legal correspondcncc,. We identified the greatest risk of tnatcrial impact on the financial slalements from irregularities, including fraud, to involve the coinpleteness and timing of incomc recogJnitiun and the override of controls by managFemenl. To addrcss thc risk of fraud in relation to rcvcnuc reco¥nition, we: Pcrfornicd detailcd substantivc tcsting to addrcss compl¢teness and ac¢uracy of ineome; Assessed thc appropriatcncss and application of tlie accounting policy concerning income re¢ognition,' To address ihc risk of fraud through tnana¥cmenl bias and override of conirols. we: PcrforJncd ana1]cal proL¢durcs lo identify any unusual or unexpecled relationships- Tested journal entrics to identity unusual transactions; Asscsscd ,hcth¢r judgemcnts and assumptions made in deterniining the accounting estimates were indicattve of potential bias,. Investigaied the raiionale behind signifi¢ant or unusual transactions. Because ofthe inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with re¥ulation. This risk incrcascs thc more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware ol- insiances of non-complianLe. The risk is also grLater regarding irregularitlcs OLcurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A furthcr dcscription of our responsibilities for the audii of th¢ accounts is lo¢aied on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibiliiies. This description fomis part of the audilovs report.
Page 14 KYTES EXECUTIVE COMMirrEE INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES YEAR ENDED 31ST MARCH 2025 Use of our report This report is madc solcly to the charity's trustees, as a body, in accordance with Section144 ofthe Charities Act 2011 and regulations madc undcr Section 154 of that Aci. Our audit work has been undertaken so that we might slate to the charity's trustees those matters we are rcquircd to slate to them in an auditor's report and for no other purpose. To the tullest extent perniitted by law, we do not accept ur assutne responsibility lo anyone other than the chariiy and the ¢harity's trustces as a body? for our audit work. for Ihis report, or for the opinions we have fornied. FKCA Llmited Chartered Accountants and Statulory Auditors 260 - 270 Butterfield tireat Marlings Lulon. Beds LU2 8DL