Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **Charity registration number NIC100314 (Northern Ireland)** ## **THE KEVIN BELL REPATRIATION TRUST** **ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|Mr B Bell| |---|---| ||Mr D Ruddy| ||Mr A O'Rourke| ||Mr B Jackson| ||Mr C Bell| ||Mr C Bell| ||Mr M Carr| ||Mr J McCaffrey| ||Mr K Heaney| ||Mrs E Bell| ||Mr D Gray| |**Charity number (Northern Ireland)**NIC100314|| |**Charity number (Ireland)**|20102937| |**Principal address**|Unit 7 Whitegates Business Park| ||Newry| ||Co. Down| ||Northern Ireland| ||BT35 6UA| |**Auditor**|AAB Group Accountants Limited| ||1 - 3 Arthur Street| ||Belfast| ||Co. Antrim| ||Northern Ireland| ||BT1 4GA| |**Bankers**|AIB| ||42-44 Hill Street| ||Newry| ||Co. Down| ||Northern Ireland| ||BT34 1AU| |**Solicitors**|Edwards & Co.| ||28 Hill Street| ||Belfast| ||Northern Ireland| ||BT1 2LA| |**Solicitors**|Mason Hayes & Curran| ||South Bank House| ||Barrow Street| ||Dublin 4| ||Co. Dublin| ||Republic of Ireland| Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 – 8| |Independent auditor’s report|9 - 11| |Consolidated statement of financial activities|12| |Consolidated balance sheet|13| |Charity statement of financial activities|14| |Charity balance sheet|15| |Consolidated statement of cash flows|16| |Charity statement of cash flows|17| |Notes to the financial statements|18 - 27| Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ The trustees present their annual report and audited financial statements for the year ended 31 August 2025. The accounts have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the charity's governing document, the Charities Act (Northern Ireland) 2008 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). ## **Objectives and activities** The Kevin Bell Repatriation Trust (KBRT or the Trust) is a charitable organisation established in September 2013 in memory of Kevin Bell who, at the age of 26, died tragically in New York in June 2013. Kevin’s death elicited a huge response and outpouring of support by friends and family in the Newry area and also as far afield as New York and Australia. The funds donated were significantly in excess of the amount that was needed and the Bell Family chose, as part of Kevin’s legacy, to establish a Charity with the purpose of assisting other people and families who suffer similar tragedy abroad and who need assistance with repatriation back to the Island of Ireland (Ireland and Northern Ireland). Assistance is provided regardless of background (eg. race, religion, gender, disability, criminal convictions) or the circumstances of the person’s death (eg. suicide, murder). The primary objectives of the trust are as follows: - To provide financial assistance to relieve the financial distress or hardship of bereaved families to repatriate the body (or bodies) of a loved one(s) back to the Island of Ireland. - To relieve human suffering, mental anxiety and ill health and improvement of the mental and physical health and wellbeing of the members of such bereaved families by the means of providing expert support, advice and other practical, technical and logistical assistance. This support has proved to be just as, if not more, important than the financial assistance itself. ## **STRATEGIES FOR ACHIEVING OBJECTIVES** We aim to achieve our objectives through increasing awareness of the Trust and by providing necessary support as soon as is practically possible following a request for assistance. The Trust receives applications for assistance typically from either a Trustee being contacted by a family member or friend of those recently deceased abroad or a Trustee may make contact with the deceased’s family if they become aware of a situation which has occurred. KBRT has built up a large network of foreign based community members (eg. Irish Immigrant support groups, Irish cultural societies) and government officials (eg. Ireland’s minister for the Diaspora and the multiple Irish Consulates abroad) who raise awareness of the support available from KBRT and who also may make referrals. ## **ACTIVITIES FOR ACHIEVING OBJECTIVES** To support KBRT’s overall objectives, requests received for assistance are dealt with immediately and Trustees are permitted to provide assistance so long as the case meets the parameters set out in the Trust’s objectives and governing documents. KBRT offer full support for the organisation and repatriation of remains back to the Island of Ireland with the intention of doing so as quickly as possible. Depending on the country, KBRT may use specialist repatriation agents or other such specialists in each country. In limited circumstances, KBRT receive requests for assistance outside of the parameters of the Trusts primary objectives but in keeping with the charitable ethos of the Trust (eg. paying the cost of bringing other human remains (or “Ashes”) back to Ireland). In May 2020, Trustees expanded the Trust Deed and approved a Policy for the types of cases, specifying the limited amounts available and process for helping in such cases. - 1 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC BENEFIT** The Trust does not engage in general fundraising activities. Funding is obtained through donations from individuals, groups and businesses. These donations are often as a result of fundraisers or from those who have received assistance and who wish to contribute back to KBRT in memory of their recently deceased. The Trust is active on number of social media platforms (Facebook, ‘X’) which, together with its website, raises awareness of its objectives and activities. KBRT has a registered charity profile with donation websites including www.idonate.com and other similar platforms. People wishing to fundraise on behalf of, or donate to, KBRT can do so using these sites. Donations are also received through bank lodgements, www.paypal.com, cash and cheques. In 2018 the Trustees established a Trading Company (KBRT Trading Limited) for the sale of KBRT branded merchandise, with all shareholding and profits held for the benefit of KBRT. The primary benefit of this activity is increasing public awareness of KBRT. ## _**Achievements and performance**_ ## **KEY PERFORMANCE INDICATORS** During the year ended 31 August 2025, the Trust successfully delivered on our mission to help individuals and families who have suffered a loss abroad with the repatriation of their loved ones remains to the Island of Ireland. Key achievements include the following: - In the 12 months to 31 August 2025 (FY2025), KBRT provided assistance with 290 repatriations. - Since formation, cumulatively up to 31 August 2025, KBRT had repatriated 2,229 individuals back to the Island of Ireland. **----- Start of picture text -----**
Year ending 31
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
August…. Total
Repatriations 35 50 123 157 206 200 191 166 255 258 298 290 2229
Change from PY 15 73 34 49 -6 -9 -25 89 3 40 -8
Change % 43% 146% 28% 31% -3% -5% -13% 54% 1% 16% -3%
**----- End of picture text -----**
## **Repatriations by Year** **----- Start of picture text -----**
350
298
290
300
255 258
250
206 200
191
200
166
157
150 123
100
50
35
50
0
FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
**----- End of picture text -----**
- 2 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ In the 12 months to 31 August 2025, KBRT assisted repatriations from 33 different countries, see table below: |**Repatriation Country**|**FY2025**|**Repatriation Country**|**FY2025**| |---|---|---|---| |UK|160|THAILAND|2| |SPAIN|32|UAE|2| |USA|25|AUSTRIA|1| |AUSTRALIA|10|BOLIVIA|1| |FRANCE|9|COLUMBIA|1| |CANADA|7|DOMINICAN REPUBLIC|1| |GERMANY|4|ECUADOR|1| |NETHERLANDS|3|GHANA|1| |NEW ZEALAND|3|HUNGARY|1| |PORTUGAL|3|INDONESIA|1| |SWEDEN|3|ITALY|1| |TURKEY|3|JERSEY|1| |BULGARIA|2|MALTA|1| |CAMBODIA|2|MOROCCO|1| |CYPRUS|2|PERU|1| |MALAYSIA|2|SWITZERLAND|1| |POLAND|2||| |**REPATRIATIONS IN 12 MONTHS TO AUGUST 2025**|||**290**| - Since the formation of the Trust and cumulatively up to 31 August 2025, KBRT has assisted with repatriations from 83 different countries, see table below. - New countries this year included Bolivia and Ghana. - The most commonly recurring countries for repatriations are the UK (1,038), USA (255), Spain (223) and Australia (144). |**Country**|**Cumulative**
**Total**|**Country**|**Cumulative**
**Total**| |---|---|---|---| |UK|1,038|DOMINICAN REPUBLIC|3| |USA|255|GUERNSEY|3| |SPAIN|223|HUNGARY|3| |AUSTRALIA|144|LITHUANIA|3| |CANADA|49|SOUTH AFRICA|3| |FRANCE|49|DENMARK|2| |PORTUGAL|37|GAMBIA|2| |GERMANY|36|GEORGIA|2| |THAILAND|32|JAPAN|2| |TURKEY|32|KENYA|2| |NETHERLANDS|26|LAOS|2| - 3 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ |NEW ZEALAND|22|MEXICO|2| |---|---|---|---| |GREECE|20|MOLDOVA|2| |PHILIPPINES|14|SIERRA LEONE|2| |CAMBODIA|13|SRI LANKA|2| |CYPRUS|12|ANTIGUA & BARBUDA|1| |MALTA|12|ARGENTINA|1| |UAE|12|AZERBAIJAN|1| |VIETNAM|10|BERMUDA|1| |BELGIUM|9|BOLIVIA|1| |BULGARIA|9|BOSNIA
&
HERZEGOVINIA|1| |ITALY|9|BURUNDI|1| |SWEDEN|8|CONGO|1| |CHINA|7|GHANA|1| |POLAND|7|GUETAMALA|1| |SWITZERLAND|7|JAMAICA|1| |AUSTRIA|6|KYRGYZSTAN|1| |CZECH REPUBLIC|6|LIBERIA|1| |INDONESIA|6|LUXEMBOURG|1| |JERSEY|6|NEPAL|1| |MALAYSIA|6|NORWAY|1| |MOROCCO|6|ROMANIA|1| |EGYPT|5|RUSSIA|1| |FINLAND|5|SINGAPORE|1| |BRAZIL|4|SLOVAKIA|1| |ECUADOR|4|SLOVENIA|1| |INDIA|4|SOUTH KOREA|1| |NIGERIA|4|TAIWAN|1| |PERU|4|TANZANIA|1| |UKRAINE|4|TUNISIA|1| |COLUMBIA|3|UGANDA|1| |CROATIA|3||| |**CUMULATIVE TOTAL REPATRIATIONS UP TO 31 AUGUST 2025**|||**2,229**| - 4 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ - KBRT has repatriated bodies to all 32 counties on the island of Ireland. The highest number of repatriations in the year to 31 August 2025 was Dublin (47), Antrim (30), Cork (26) and Down (18). - Since the formation of the Trust and up to 31 August 2025, the most frequent counties for repatriations have been Dublin (354), Antrim (277), Cork (143) and Down (141). |**County**|**FY2025**|**Cumulative Total**|**Cumulative Rank**| |---|---|---|---| |Dublin|47|354|1| |Antrim|30|277|2| |Cork|26|143|3| |Down|18|141|4| |Donegal|17|77|10| |Limerick|16|106|5| |Derry|16|106|5| |Galway|14|87|7| |Mayo|13|84|8| |Armagh|12|73|11| |Waterford|11|46|15| |Kerry|9|66|12| |Tyrone|8|83|9| |Louth|6|61|13| |Clare|6|40|18| |Kilkenny|6|29|21| |Tipperary|5|50|14| |Fermanagh|5|24|23| |Meath|4|45|16| |Kildare|4|41|17| |Longford|3|21|28| |Cavan|2|38|20| |Wexford|2|23|25| |Wicklow|2|22|27| |Carlow|2|20|29| |Offaly|2|19|30| |Leitrim|2|19|30| |Roscommon|1|28|22| |Monaghan|1|24|23| |Sligo|0|40|18| |Westmeath|0|23|25| |Laois|0|19|30| |**TOTAL**|**290**|**2,229**|| - 5 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **REVIEW OF ACTIVITES** The financial support and guidance have made a significant difference to the families and friends of the repatriated. The number of people repatriated and the gratitude expressed by their loved ones is testament to the continued success of the KBRT. These benefits are demonstrated through feedback from the families assisted, their friends and relatives and also evidenced by the fundraising activities for the Trust they often voluntarily initiate after experiencing benefit. ## _**Financial review**_ ## **GOING CONCERN** After making appropriate enquiries, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. ## **FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES** KBRT has a low risk appetite. Due to the nature of the charitable activity, the Trust is not exposed to fluctuations in foreign currencies apart from Euro. Fluctuations in the euro are mitigated by paying for invoices through our euro account; these funds have arisen from euro donations received. ## **RESERVES POLICY** The Trustees have a conservative approach to maintaining reserves. This policy is reviewed on an annual basis. At year end 31 August 2025, total reserves of the group were £8,494,992 (FY24: £6,981,284). At year end 31 August 2025, the charity had total reserves of £8,499,096 (FY24: £6,986,440). All reserves are classified as unrestricted. At year end 31 August 2025, there were a total of £6.77m in free reserves. This policy is reviewed on an annual basis. ## **PRINCIPAL FUNDING** The principal funding of the organisation is by way of donations received. The Trust does not conduct general fundraising. Fundraising expenses as detailed within the financial statements relate to general merchandise and materials for raising awareness of the Trust’s activities, or in some cases, items provided to people who wish to raise funds and donate to KBRT (i.e. donation of a jersey to someone running a marathon). ## **INVESTMENT POLICY AND PERFORMANCE** KBRT has a low risk appetite and conservative approach to investment of funds and cash management. All funds are held across several UK and Irish banks spread between current accounts and deposit accounts ranging from instant access to 5 year fixed rate. KBRT does not hold or participate in any other form of investment. - 6 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## _**Structure, governance and management**_ ## **CONSTITUTION** There is no minimum or maximum number of Trustees. As at 31 August 2025 there were 11 Trustees formally appointed. There must be a minimum of 5 Trustees at any meeting to register a quorum. The Trustees must meet a minimum of twice a year. In practice the Trust meets approximately 6 times a year. ## **METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES** Trustees are elected onto the Trust whenever the Trust considers it necessary. ## **POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES** Trustees are selected and appointed by reference to the Trust Deed with an emphasis on ensuring diverse professional backgrounds to aid the decision making process and to ensure that Trustees are able to perform their duties in a professional manner. ## **ORGANISATIONAL STRUCTURE AND DECISION MAKING** The Kevin Bell Repatriation Trust by virtue of common Trustees and power to govern operations, controls the activities of KBRT Trading Ltd, which has the objective of raising funds for The Kevin Bell Repatriation Trust. The Trustees act unanimously in decision making under the terms of the Trust deed. All decisions are approved by the Trustees. ## **RISK MANAGEMENT** The Trustees have assessed the major risks to which the Trust is exposed and are satisfied that systems and procedures are in place to mitigate any exposure to the major risks identified. ## **PRINCIPAL ACTIVITIES** The principal activity is to provide financial assistance, expert advice and practical support to support the repatriation of the bodies of those who die abroad in tragic or sudden circumstances. ## **CHARITY REGULATION** In addition to regulation by the Northern Ireland Charity Commission, KBRT is also a registered charity with the Charities Regulator of Ireland (charity number 20102937) and fulfil our governance and reporting responsibilities under this regime in parallel to the Northern Ireland Charity Commission. ## **CHARITIES GOVERNANCE CODE** During the period, KBRT furthered its governance processes, documentation, and evidence of compliance with the Irish Charity Regulators “Charities Governance Code” which became a requirement in 2020. ## _**Plans for future periods**_ ## **FUTURE DEVELOPMENTS** The main activities of the Trust remain unchanged and the Trustees anticipate that any future developments would relate to those activities. ## **FUNDS HELD AS CUSTODIAN** There are no funds held as custodian. - 7 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ The trustees who served during the year and up to the date of signing were: Mr B Bell Mr D Ruddy Mr A O'Rourke Mr B Jackson Mr C Bell Mr C Bell Mr M Carr Mr J McCaffrey Mr K Heaney Mrs E Bell Mr D Gray ## **Statement of trustees' responsibilities** The trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these accounts, 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 estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and - prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act (Northern Ireland) 2008, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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. ## **Disclosure of information to auditor** Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The trustees' report was approved by the Board of Trustees. .............................. **Mr C Bell** Trustee Dated: 25 June 2026 .............................. **Mr M Carr** Trustee Dated: 25 June 2026 - 8 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **INDEPENDENT AUDITOR'S REPORT** ## **TO THE TRUSTEES OF THE KEVIN BELL REPATRIATION TRUST** ## **Opinion** We have audited the group and parent charity financial statements of The Kevin Bell Repatriation Trust for the year 31 August 2025 which comprises the consolidated and charity Statement of Financial Activities, the consolidated and charity Balance Sheets, the consolidated and charity Statement of Cash Flows and the notes to the accounts including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and ROI. In our opinion the group financial statements and parent charitable company financial statements: - give a true and fair view of the state of the group and parent charity affairs as at year ended 31 August 2025 and of the group and parent charitable company's incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2008. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Opinion on other matters prescribed by the Charities Act (Northern Ireland) 2008** In our opinion, based on the work undertaken in the course of the audit: - the information given in the Trustees’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Trustees’ report has been prepared in accordance with legal requirements. - 9 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE KEVIN BELL REPATRIATION TRUST** ## **Matters on which we are required to report by exception** Under the Charities Act (Northern Ireland) 2008 we are required to report to you if, in our opinion: - the accounting records were not kept in accordance with section 63 of the Charities Act; or - the accounts do not accord with those accounting records; or - That the accounts do not comply with the accounting requirements of the Charities Act; or - we have not received all the information and explanations we require for our audit. We have no exceptions to report arising from this responsibility. ## **Responsibilities of trustees** As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so. ## **Auditor's responsibilities for the audit of the financial statements** We have been appointed as auditor under section 66 of the Charities Act (Northern Ireland) 2008 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. - 10 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)** ## **TO THE TRUSTEES OF THE KEVIN BELL REPATRIATION TRUST** This report is made solely to the charity's trustees, as a body, in accordance with section 65 of the Charities Act (Northern Ireland) 2008 and regulations made under section 65 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our audit work, for this report, or for the opinions we have formed. **Suzanne Villiers (Senior Statutory Auditor)** For and on behalf of AAB Group Accountants Limited, Statutory Auditor Chartered Accountants 1 - 3 Arthur Street Belfast Co. Antrim BT1 4GA Northern Ireland Date: 25 June 2026 Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ |**Income and endowments from:**
**Notes**
**3**
**4**
**5**
Investments
Donations and legacies
Activities for Generating Funds
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total resources expended**
**Net income for the year/ Net incoming resources**
**Other recognised gains and losses**
Other gains/ (losses)
**Net movement in funds**
Fund balances at 1 September 2024
**Fund balances at 31 August 2025**
**6**
**7**
**14**






**Other Trading Activities**
Commercial trading operations
**8**
Commercial trading operations
**6**
Other activities
**5**|**2025**
**£**
2,575,596
66,025
-
2,653,973
3,255
1,234,850
1,254,380
1,399,593
114,115
1,513,708
6,981,284
8,494,992

12,352
11,300
4,975|**2024**
**£**
2,818,623
71,577
-
2,906,153
13,679
1,353,855
1,386,318
1,519,835
(71,706)
1,448,129
5,533,155
6,981,284
15,953
18,784
-| |---|---|---| The consolidated statement of financial activities includes all gains and losses recognised in the year. The consolidated statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. All income and expenditure reported in the Consolidated Statement of Financial Activities relates to unrestricted funds. The charity held no restricted or designated funds during the year. - 12 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **CONSOLIDATED BALANCE SHEET** ## _**AS AT 31 AUGUST 2025**_ |**Fixed assets**
Tangible assets
Investments
**Current assets**
Stocks
Debtors
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**Net current assets**
**Total assets less current liabilities**
**Income Funds**
Unrestricted funds
The financial statements were approved by the trustees on 25 June 2026.
..............................
Mr C Bell
**Trustee**
..............................
Mr M Carr
**Trustee**
**2025**
**£**
**£**
26,556
1,697,116
1,723,672
919
6,802,155
6,815,264
(43,944)
6,771,320
8,494,992
8,494,992
8,494,992
12,190
**Notes**
**15**
**16**
**18**
**17**
**19**
**21**||**2024**
**£**
**£**
21,779
1,631,091
1,652,870
418
5,332,517
5,348,168
(19,754)
5,328,414
6,981,284
6,981,284
6,981,284
15,233|**2024**
**£**
**£**
21,779
1,631,091
1,652,870
418
5,332,517
5,348,168
(19,754)
5,328,414
6,981,284
6,981,284
6,981,284
15,233| |---|---|---|---| ||||1,652,870
5,328,414| ||||| ||||6,981,284| ||||6,981,284| ||||6,981,284| ||||| - 13 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ |**Notes**
**Income and endowments from:**
Donations and legacies
**3**
Investments
**4**
**Total income**
**Expenditure on:**
Raising funds
**7**
Charitable activities
**8**
**Total resources expended**
**Net income for the year/**
**Net incoming resources**
**Other recognised gains and losses**
Other gains/(losses)
**14**
**Net movement in funds**
Fund balances at 1 September 2024
**Fund balances at 31 August 2025**
**21**
Other activities
**5**|**2025**
**£**
2,575,596
66,025
2,641,621
3,255
1,234,850
1,243,080
1,398,541
114,115
1,512,656
6,986,440
8,499,096
4,975|**2024**
**£**
2,818,623
71,577
2,890,200
13,679
1,353,855
1,367,534
1,522,666
(71,706)
1,450,960
5,535,480
6,986,440
-| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. All income and expenditure reported in the Charity Statement of Financial Activities relates to unrestricted funds. The charity held no restricted or designated funds during the year. - 14 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **CHARITY BALANCE SHEET** ## _**AS AT 31 AUGUST 2025**_ |**2025**
**Notes**
**£**
**£**
**Fixed assets**
Tangible assets
**15**
26,556
Investments
**16**
1,697,116
1,723,672
**Current assets**
Debtors
**18**
43,296
Cash at bank and in hand
6,776,072
6,819,368
**Creditors: amounts falling due within**
**one year**
**19**
(43,944)
**Net current assets**
6,775,424
**Total assets less current liabilities**
8,499,096
**The funds of the charity**
Unrestricted funds
**21**
8,499,096
8,499,096
The financial statements were approved by the trustees on 25 June 2026.
..............................
..............................
Mr C Bell
Mr M Carr
**Trustee**
**Trustee**|**2024**
**£**
**£**
21,779
1,631,091
1,652,870
34,328
5,317,796
5,352,124
(18,554)
5,333,570
6,986,440
6,986,440
6,986,440|**2024**
**£**
**£**
21,779
1,631,091
1,652,870
34,328
5,317,796
5,352,124
(18,554)
5,333,570
6,986,440
6,986,440
6,986,440| |---|---|---| |||1,652,870
5,333,570| |||6,986,440| |||6,986,440| |||6,986,440| |||| - 15 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **CONSOLIDATED STATEMENT OF CASH FLOWS** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ |**Cash flows from operating activities**
Cash generated from operations
**Investing activities**
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Repayment of borrowings
**Net cash used in investing activities**
**Net cash generated from financing activities**
**Net increase in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**
**Notes**
**24**
**2025**
**£**
(31,075)
13,525
8,467|**£**
1,478,721
(9,083)
-
1,469,638
5,332,517
6,802,155|**2024**
**£**
-
-
-|**£**
1,376,082
-
-
1,376,082
3,956,435
5,332,517| |---|---|---|---| - 16 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **CHARITY STATEMENT OF CASH FLOWS** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ |**Notes**
**Cash flows from operating activities**
Cash generated from operations
**25**
**Investing activities**
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income received
**Net cash used in investing activities**
**Net cash generated from financing activities**
**Net increase in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2025**
**£**
**£**
1,475,826
(31,075)
13,525
-
(17,550)
-
1,458,276
5,317,796
6,776,072|**2024**
**£**
**£**
1,376,836
-
-
-
-
-
1,376,836
3,940,960
5,317,796| |---|---|---| - 17 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **1 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **2 Accounting policies** ## **Charity information** The Kevin Bell Repatriation Trust meets the definition of a public benefit entity under FRS 102. ## **2.1 Accounting convention** The accounts have been prepared in accordance with the charity's governing document, the Charities Act (Northern Ireland) 2008 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. ## **2.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **2.3 Group financial statements** The financial statements consolidate the results of the charity, The Kevin Bell Repatriation Trust and its subsidiary KBRT Trading Limited. Consolidation is required as the charity controls the subsidiary and is able to direct its financial and operating policies. ## **2.4 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **2.5[Incoming resources]** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## _Investment income_ Income from investments is included, together with the related tax credits, in the Statement of Financial Activities on an accruals basis. - 18 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **2 Accounting policies** ## **(Continued)** ## **2.6 Resources expended** 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. Expenditure is classified under the following activity headings: - Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. ## **2.7 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 25% Reducing Balance Computers 33% Straight Line Motor vehicles 25% Straight Line ## **2.8 Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. ## **2.9 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **2.10 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **2.11 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. - 19 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **2 Accounting policies** **(Continued)** ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **2.12 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2.13 Foreign currency** Foreign currency transactions are translated into the functional currency using the spot exchange rates at the date of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Financial Activities. Foreign exchange gains and losses that relate to borrowing and cash and cash equivalents are recognised in the Statement of Financial Activities. ## **3 Income from donations and legacies** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Donations and gifts|2,575,596|2,818,623| - 20 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **4 Income from investments** |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2025**|**2024**| |||**£**|**£**| ||Interest income received|66,025|71,577| |||66,025|71,577| |**5**|**Other Activities**||| |||**Unrestricted**|**Unrestricted**| |||**funds**|**funds**| |||**2025**|**2024**| |||**£**|**£**| ||Net gain/(loss) on disposal of tangible fixed assets|(4,975)|-| - **6 Other trading activities** The trading subsidiary of the charity KBRT trading Ltd is incorporated in the United Kingdom (company number NI640236). |Turnover
Cost of sales
Administrative expenses
Net Profit/(Loss)
Share capital and reserves

12,352
(11,107)
(193)
(4,104)
1,052

**2025**
**£**|15,953
(16,640)
(2,144)
(2,831)
(5,156)
**2024**
**£**|15,953
(16,640)
(2,144)
(2,831)
(5,156)
**2024**
**£**| |---|---|---| |||(2,831)
(5,156)| |||| The registered address of the subsidiary is 30 Ashton Heights, Newry, Co. Down, BT35 8LR. ## **7 Raising funds** |
Fundraising expenses
Investment management
**Raising funds**
Fundraising and publicity|**2025**
**2024**
**£** **£**
3,255
13,679
-
-
3,255
13,679|**2024**
**£**
13,679
-| |---|---|---| - 21 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **8 Charitable activities** |**Unrestricted**
**Funds**
**Unrestricted**
**Funds**
**2025**
**2024**
**£**
**£**
Staff costs
28,858
20,717
Depreciation and impairment
7,798
7,467
Repatriation Expenses
1,119,757
1,280,689
Discretionary Contributions
-
2,871
Travel & Subsistence
22,467
16,648
Insurance
7,079
3,433
Office Expenses
24,056
11,477
Bank Charges
14,717
3,653
1,224,732
1,346,955
Share of governance costs (see note 9)
10,118
6,900
1,234,850
1,353,855
**9**
**Support costs allocated to activities**
**2025**
**2024**
**£**
**£**
Governance costs
10,118
6,900
**Analysed between:**
Audit and Accounting fees
10,118
6,900
**10**
**Net movement in funds**
**2025**
**2024**
**£**
**£**
The net movement in funds is stated after charging:
Fees payable for the audit of the entities financial statements
10,118
6,900
Depreciation of owned tangible fixed assets
10,235
7,467
Loss on disposal of fixed assets
4,975
-|**Unrestricted**
**Funds**
**Unrestricted**
**Funds**
**2025**
**2024**
**£**
**£**
Staff costs
28,858
20,717
Depreciation and impairment
7,798
7,467
Repatriation Expenses
1,119,757
1,280,689
Discretionary Contributions
-
2,871
Travel & Subsistence
22,467
16,648
Insurance
7,079
3,433
Office Expenses
24,056
11,477
Bank Charges
14,717
3,653
1,224,732
1,346,955
Share of governance costs (see note 9)
10,118
6,900
1,234,850
1,353,855
**9**
**Support costs allocated to activities**
**2025**
**2024**
**£**
**£**
Governance costs
10,118
6,900
**Analysed between:**
Audit and Accounting fees
10,118
6,900
**10**
**Net movement in funds**
**2025**
**2024**
**£**
**£**
The net movement in funds is stated after charging:
Fees payable for the audit of the entities financial statements
10,118
6,900
Depreciation of owned tangible fixed assets
10,235
7,467
Loss on disposal of fixed assets
4,975
-|**Unrestricted**
**Funds**
**Unrestricted**
**Funds**
**2025**
**2024**
**£**
**£**
Staff costs
28,858
20,717
Depreciation and impairment
7,798
7,467
Repatriation Expenses
1,119,757
1,280,689
Discretionary Contributions
-
2,871
Travel & Subsistence
22,467
16,648
Insurance
7,079
3,433
Office Expenses
24,056
11,477
Bank Charges
14,717
3,653
1,224,732
1,346,955
Share of governance costs (see note 9)
10,118
6,900
1,234,850
1,353,855
**9**
**Support costs allocated to activities**
**2025**
**2024**
**£**
**£**
Governance costs
10,118
6,900
**Analysed between:**
Audit and Accounting fees
10,118
6,900
**10**
**Net movement in funds**
**2025**
**2024**
**£**
**£**
The net movement in funds is stated after charging:
Fees payable for the audit of the entities financial statements
10,118
6,900
Depreciation of owned tangible fixed assets
10,235
7,467
Loss on disposal of fixed assets
4,975
-| |---|---|---| |||1,346,955
6,900| |||1,353,855| |||**2024**
**£**
6,900
6,900
**2024**
**£**
6,900
7,467
-| |||| |||| ## **11 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2024: £nil), neither were they reimbursed expenses during the year (2024: £nil). - 22 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **12 Employees** The average monthly number of employees during the year was: ||**2025**|**2024**| |---|---|---| ||**Number**|**Number**| ||2|1| |**Employment costs**|**2025**|**2024**| ||**£**|**£**| |Wages and salaries|22,573|16,116| |Social security costs|4,105|2,798| |Other pension costs|2,180|1,803| ||28,858|20,717| There were no employees whose annual remuneration was more than £60,000. ## **13 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **14 Other gains and losses** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| |Gains/(losses) upon:|**£**|**£**| |Foreign exchange|114,115|(71,706)| - 23 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **15 Tangible fixed assets (Group and Charity)** |**Fixtures and**
**fittings**
**£**
**Cost**
At 1 September 2024
8,532
At 31 August 2025
8,532
**Depreciation and impairment**
At 1 September 2024
7,651
Depreciation charged in the year
220
At 31 August 2025
7,871
**Carrying amount**
At 31 August 2025
661
At 31 August 2024
881
Additions
-
Disposals
-
Eliminated in respect of disposals
-|**Computers**
**£**
715
715
629
86
715
-
86
-
-
-|**Motor**
**vehicles**
**£**
27,750
45,300
6,938
7,492
19,405
25,895
20,812
31,075
(13,525)
4,975|**Total**
**£**
36,997
31,075
(13,525)| |---|---|---|---| ||||54,547| ||||15,218
7,798
4,975| ||||27,991| ||||26,556| ||||21,779| ## **16 Fixed asset investments (Group and Charity)** |Short Term Deposits|**Group**
**2025**
**£**
**2024**
**£**
1,697,116
1,631,091
**1,697,116**
**1,631,091**|**Charity**
**2025**
**£**
**2024**
**£**
1,697,116
1,631,091
**1,697,116**
**1,631,091**|**Charity**
**2025**
**£**
**2024**
**£**
1,697,116
1,631,091
**1,697,116**
**1,631,091**| |---|---|---|---| ||||**1,631,091**| Fixed asset investments relate to monies held in short term deposit accounts. ## **17 Stock** Stock |**2025**|**2024**| |---|---| |**£**|**£**| |12,190|15,233| There was no stock in the charity as at 31 August 2025 (FY24: £Nil). |Amounts owed by subsidiary company
Prepayments and accrued income
**18**
**Debtors**|**Group**
**2025**
**£**
2024
£
**Charity**
**2025**
**£**
2024
£
**4**
4
**42,381**
33,914
**915**
414
**915**
414| |---|---| ||**919**
418
**43,296**
34,328| Amounts owed by the subsidiary company are unsecured, interest free and repayable on demand. - 24 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **19 Creditors: amounts falling due within one year** |**19**
**Creditors: amounts falling due within one year**|| |---|---| |Other taxation and social security
Other creditors
Accruals and deferred income|**Group**
**2025**
**£**
2024
£
**Charity**
**2025**
**£**
2024
£
**1,097**
588
**1,097**
588
**30,137**
11,672
**28,637**
10,472
**12,710**
7,494
**14,210**
7,494| ||**43,944**
19,754
**43,944**
18,554| ## **20 Retirement benefit schemes** |**Retirement benefit schemes**||| |---|---|---| ||**2025**|**2024**| |**Defined contribution schemes**|**£**|**£**| |Charge to profit or loss in respect of defined contribution schemes|2,180|1,803| The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. ## **21 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**Group**|**At 1**
**September**
**2024**
**£**
6,981,284|**Incoming**
**resources**
**£**
2,653,973|**Resources**
**expended**
**£**
(1,254,380)|**Gains**
**and**
**losses**
**£**
114,115|**At 31**
**August**
**2025**| |---|---|---|---|---|---|---| |||||||**£**| ||**General funds**|||||8,494,992| |||||||| ||Previous year:|**At 1**
**September**
**2023**
**£**
5,533,155|**Incoming**
**resources**
**£**
2,906,153|**Resources**
**expended**
**£**
(1,386,318)|**Gains**
**and**
**losses**
**£**
(71,706)|**At 31**
**August**
**2024**| |||||||**£**| ||**General funds**|||||6,981,284| |||||||| ||**Charity**|**At 1**
**September**
**2024**
**£**
6,986,440|**Incoming**
**resources**
**£**
2,641,621|**Resources**
**expended**
**£**
(1,243,080)|**Gains**
**and**
**losses**
**£**
114,115|**At 31**
**August**
**2025**| |||||||**£**| ||**General funds**|||||8,499,096| |||**At 1**
**September**
**2023**
**£**
5,535,480|**Incoming**
**resources**
**£**
2,890,200|**Resources**
**expended**
**£**
(1,367,534)|**Gains**
**and**
**losses**
**£**
(71,706)|| ||Previous year:|||||**At 31**
**August**
**2024**| |||||||**£**| ||**General funds**|||||6,986,440| - 25 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **22 Analysis of net assets between funds** ||||||**Group**||**Charity**| |---|---|---|---|---|---|---|---| ||||||**£**||**£**| |**At 31 August 2025:**|||||||| |Tangible Assets|||||26,556||26,556| |Investments|||||1,697,116||1,697,116| |Current assets|||||6,771,320||6,775,424| ||||||8,494,992||8,499,096| ||||||||| ||||||||| ||||||**Group**||**Charity**| ||||||**£**||**£**| |**At 31 August 2024:**|||||||| |Tangible Assets|||||21,779||21,779| |Investments|||||1,631,091||1,631,091| |Current assets|||||5,328,414||5,333,570| ||||||6,981,284||6,986,440| ## **23 Related party transactions** ## **Transactions with related parties** During the year the charity entered into the following transactions with related parties: The Kevin Bell Repatriation Trust entered into transactions with the related party "KBRT Trading Ltd". At the year end a balance of £42,381 was owed to The Kevin Bell Repatriation Trust. The Kevin Bell Repatriation Trust owns and controls KBRT Trading Limited via shareholding in Trust. There were no related party transactions during the year requiring disclosure under FRS 102 and the Charities SORP, other than those disclosed in these financial statements. - 26 - Docusign Envelope ID: FC3E5BCB-B178-865F-83EB-B9D6658FF881 ## **THE KEVIN BELL REPATRIATION TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2025**_ |
**24**
**Cash generated from operations (Consolidated)**
Surplus for the year
**Adjustments for:**
Investment income recognised in statement of financial activities
Foreign exchange differences
Loss on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
**Movements in working capital:**
(Increase)/decrease in debtors
(Decrease) in creditors
**Cash generated from operations**
**25**
**Cash generated from operations (Charity)**
Surplus for the year
**Adjustments for:**
Investment income recognised in statement of financial activities
Foreign exchange differences
Depreciation and impairment of tangible fixed assets
Loss on disposal of tangible fixed asset
**Movements in working capital:**
(Increase) in debtors
Increase/(decrease) in creditors
**Cash generated from operations**
**26**
**Analysis of changes in net funds**
Movement in investments
Decrease/(increase) in stocks|3,043
**2025**
**£**
1,399,593
-
114,115
4,975
7,798
(8,968)
24,190
1,478,721
**2025**
**£**
1,398,541
(66,025)
114,115
7,798
4,975
(8,968)
25,390
1,475,826
(66,025)
|**2024**
**£**
1,519,835
-
(71,706)
-
7,467
(49)
(8,765)
1,376,082
**2024**
**£**
1,522,666
(71,577)
(71,706)
7,467
-
(49)
(9,965)
1,376,836
(71,577)
877| |---|---|---| The charity had no material debt during the year. - 27 -