2025-03-31-accounts

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CHARITY NO: SC010048
MISS ELIZABETH KIBBLE’S TRUST
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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MISS ELIZABETH KIBBLE’S TRUST
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
PAGE
Reference and Administrative information 1
Chief Executive’s Annual Report 2-3
Report of the Trustees 4-13
Independent Auditor’s Report 14-17
Consolidated Statement of Financial Activities 18
Consolidated Balance Sheet 19
Charity Statement of Financial Activities 20
Charity Balance Sheet 21
Consolidated Statement of Cash Flows 22
Charity Statement of Cash Flows 23
Notes to the Financial Statements 24 — 46
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MISS ELIZABETH KIBBLE’S TRUST

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

REFERENCE AND ADMINISTRATIVE INFORMATION

Charity Name

Miss Elizabeth Kibble’s Trust

Principal Office

Charity Number Trustees

Secretary Auditors

Wbg (Audit) Limited 168 Bath Street Glasgow G2 4TP

Bankers

Solicitors

Royal Bank of Scotland plc Paisley Chief Office 1 Moncrieff Street Paisley Renfrewshire PA3 2AW Holmes Mackillop 109 Douglas Street Glasgow G2 4HB

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MISS ELIZABETH KIBBLE’S TRUST
Report of the Trustees for the year ended 31 March 2025
Chief Executive's Annual Report 2025
At the Kibble Group, our core values—Respect, Ambition, and Belonging—serve as the
foundation for everything we do. 2024 was another successful year for Kibble where we
continued to exceed our strategic priorities of continuing to introduce new services and
improve our existing operations. The hard work and dedication of our staff, and our Board,
allows us to do that.
The Kibble Board continue to set and review Kibble’s strategic direction and goals. Board
meetings are held monthly, with quarterly sub-committees for Finance, Audit, Strategic
Projects, Staff Development, Investment, Organisational Resilience, Social Care, Developing
Young Workforce and Education. Holding an annual strategy session, the Board will review
what Kibble has achieved in the previous year and set the goals and objectives for the year to
come. Our strong governance, stringent business model, along with our dedicated staff and
our shared understanding of putting young people at the heart of all our decision making, is
what makes us successful in providing the best outcomes for young people. We continue to
receive highly rated inspection reports which highlight this.
One of our key successes over the past year was the opening of Kibble Adoption, the first
Voluntary Adoption Agency to launch in Scotland in fifteen years. We also made significant
strategic investment in our community-based services, opening Hallhill Cottage and
Lunderston House. We have expanded our Primary School, Forest View in Lochwinnoch, with
the addition of new classrooms to support the need for day education placements. The
opening of our new headquarters in Glasgow, created a central hub which now oversees
operation and strategic direction across the Kibble Group.
Kibble’s strengths lie in our ability to respond to changes within our sector, and the evolving
needs of children and young people. With the Children (Care and Justice) (Scotland) Act
receiving Royal Assent, Kibble has made pivotal changes to our secure care provision. We
have developed our intensive services, providing close care and support to young people with
complex mental health. This saw construction commence within our children’s house,
Buchanan, to create two, 2-bedroom properties for young people whose needs are best met
within a small group living environment. Supporting young people on the edges of secure care,
our intensive children’s houses were established in response to the Promise and a
commitment to transform secure care, and community-based alternatives by 2030.
Major investment has, and continues to be, made to our environments. We continue to invest
in our staff always seeking to review and improve staff terms and conditions, offer extensive
learning and training opportunities and providing wellbeing supports. We have delivered
specialist staff training in areas such as autism, trauma, and speech and language, ensuring
we continue to meet the needs of children and young people in our care.
Looking ahead, we plan to transform our residential and educational campus in Paisley,
creating state-of-the-art children’s houses, education facilities, wellbeing services and family
spaces. We remain agile, continuing to work with Scottish Government and the wider secure
estate to meet the needs of young people entering the Justice System. All of which promote
an environment where young people are encouraged to be ambitious, where their rights are
championed, and they feel safe and belong.
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MISS ELIZABETH KIBBLE’S TRUST

Report of the Trustees for the year ended 31 March 2025

| would like to take this opportunity to express my gratitude to Kibble staff, partners and stakeholders for their contribution to another successful year. | look forward to sharing what Kibble achieves in the coming year, as we continue to drive best practice and grow opportunities for young people.

Chief Executive

October 2025

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MISS ELIZABETH KIBBLE’S TRUST
Report of the Trustees for the year ended 31 March 2025
The Trustees present their annual report and financial statements of the charity for the year
ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set
out in note 1 to the accounts and comply with the charity's Memorandum and Articles of
Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts
(Scotland) Regulations 2006, 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.
The legal and administrative information on page one and the Chief Executive’s report on
pages two and three form part of this report.
History, Objectives and Activities of the Trust
Kibble’s history dates back to 1840 where upon the death of Miss Elizabeth Kibble, an affluent
textile heiress, a portion of her wealth was left to establish ‘an institution in Paisley’ to support
young people facing adversity. This led to the first incarnation of Kibble - The Kibble School
which opened in 1859. The Trustees were granted extensive powers in relation to appointing
staff to support the day-to-day operation of the school, and, to carry out the objects of Miss
Elizabeth Kibble’s Trust.
In 1995, due to the imminent withdrawal of Government support for independent schools,
Kibble had to look at an alternative fee-for-service model to continue the vital support provided
to young people. This led to the establishment of Kibble Education and Care Centre (KECC)
- a company limited by guarantee with charitable status. With objects, similar to those of Miss
Elizabeth Kibble’s Trust, it enabled the Trustees to retain their overall role as owners of the
property, members of the company and policy makers for Kibble. Members of the company
are limited to the Trustees of Miss Elizabeth Kibble’s Trust.
The Trust aims to ensure that the children and young people in its care receive the dedicated
support that they need to lead healthy, fulfilled lives. Many have experienced significant
trauma in their young lives and through a range of integrated services it helps young people
to move forward.
The Trust measures its success via outcomes for young people, its continued provision of
relevant services, and its ability to adapt to the changing needs of the care and educational
environment in which it operates. It is fundamental that we create safety, connections and
supports to help young people cope with the significant challenges they face. Kibble’s
Therapeutic Model places the child and our relationship with them at the centre of this model.
It is designed to help us deliver therapeutic, trauma-informed services in an accountable and
authentic way.
The Trust’s long-term aim continues to remain focussed on ensuring the best outcomes
possible for young people at risk. While Kibble has evolved over the years, it continues to
honour Miss Elizabeth Kibble’s legacy, supporting those young people who need our help
most.
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MISS ELIZABETH KIBBLE’S TRUST
Report of the Trustees for the year ended 31 March 2025
Structure, Governance and Management
Kibble is committed to integrity, transparency and professionalism in relation to all its activities
and operations. It has one of the most rigorous and respected governance models in the
sector, with guidance and governance remaining the responsibility of Miss Elizabeth Kibble’s
Trustees and their successors in office as set out in our original Trust Deed of 1841.
The Trustees meet quarterly and the Directors of Kibble Education and Care Centre report to
them in their respective areas of responsibility. As membership of the companies under the
control of the Trust is confined to the Trustees of Miss Elizabeth Kibble’s Trust, the Trustees
are kept up-to-date at the quarterly meetings of developments within the Group.
The Board of Directors decide organisational strategy, and have a formal schedule of matters
reserved for its decision. Authority is delegated to the Chief Executive and the other Executive
Directors for implementing strategy and for managing Kibble. In discharging this responsibility,
the senior executives work with management teams, consisting of senior staff dedicated to
the provision of direct services to the young people in Kibble’s care. With regard to social
business and charity management, senior executives liaise with senior staff who focus on the
administration of Kibble, its finances and the management of its property and facilities. The
Executive Directors report to the Board on a regular basis on their respective areas of
responsibility.
Board meetings are augmented by ten Director-led sub-committees. The sub-committees
undertake independent observation and scrutiny of financial administration, business
management and services. Sub-committees meet at least quarterly and report to the Board.
The sub-committees consist of: Finance; Audit; Remuneration and Nominations; Social Work
and Community Services; Education; Organisational Resilience; Investment; Staff
Development; Young Workforce Development; and Strategic Projects.
Where there is a requirement for new Trustees of Miss Elizabeth Kibble’s Trust, they are
identified and appointed by the remaining Trustees. The Chairman of Trustees is responsible
for the induction of any new Trustee which involves awareness of a Trustee’s responsibilities,
the governing document, administrative procedures, the history and philosophical approach
of the charity and training if required. New Trustees are appointed as Directors of subsidiary
companies including Kibble Education and Care Centre.
Leadership
The organisational senior management team comprises the: Chief Executive; Chief Operating
Officer; Executive Director; Finance Director; Community Director; Corporate Services
Director; Education Director. They are responsible for overseeing the day-to-day management
of their respective services. They also attend weekly executive and senior leadership team
meetings.
The remuneration of the Trust’s key management personnel is set by its Remuneration
Committee. Its membership is made up of Non-Executive Directors on the Board.
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MISS ELIZABETH KIBBLE’S TRUST

Report of the Trustees for the year ended 31 March 2025

Strategy

Kibble Group utilises a number of strategic planning tools to ensure that its social and business objectives are met. Overall strategic direction is the primary responsibility of the Trustees and Directors who constantly strive to interpret and adapt the original mission and purpose to contemporary social need and the provision of efficient and effective services for young people at risk. Executive Directors have clear remits, including the continuous scanning of the business and social environment and the opportunities offered to create clear and sustainable competitive advantage for the organisation. A particular emphasis has been placed on developing innovative responses to long-standing problems where traditional approaches within educational and social service contexts are failing. This has resulted in a significant rise in the Group’s profile and prospects for new social business opportunities. At the same time, more traditional services need to be of high quality and subject to the disciplines of continuous improvement. Consequently, as opportunities are developed into new services provided by the company, strategic planning and implementation is vital to the success of Kibble’s business model. The Group’s strategic focus is the introduction of new services, improving processes and helping more young people. All matters of strategy are ultimately driven by our three corporate values - respect, ambition and belonging.

Achievements and Performance

Many of the young people Kibble cares for have experienced significant trauma and we provide dedicated care and support to help them move forward. This includes residential and community support, secure care as well as dedicated schools, tertiary education at our Skills Academy, and wellbeing services.

Kibble provides safety and stability for young people in an environment that is both nurturing and therapeutic, with our practice becoming increasingly trauma-informed. It’s through a robust support network and our wide range of integrated services that we can provide young people with opportunities, encourage them to recognise their own self-worth and feel a sense of belonging. Over the past year we have continued to strengthen our service provision with a number of significant developments:

~~Expansion of Residential Services~~

We opened three new residential houses which has increased our capacity to support young people.

e A two-bedroom house offering intensive support for those on the periphery of secure care e A property set in tranquil countryside providing a peaceful, nature-rich environment supporting wellbeing e Another set in a charming coastal village with plenty of opportunities to enjoy the great outdoors and all the benefits of community life

~~Introduction of Kibble Adoption Services~~

This service was developed in response to the needs of children in Scotland seeking forever families. Kibble Adoption works with local authorities across Scotland and the UK, creating pathways for adoptive parents to care for children from birth. We tailor support to ensure we are meeting the individual needs of adopters.

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MISS ELIZABETH KIBBLE’S TRUST

Report of the Trustees for the year ended 31 March 2025

~~New Support Initiatives~~ We piloted an animal therapy programme at our Forest View campus and introduced new strategies to support smooth transitions from primary to secondary school.

~~Strengthening Partnerships~~

Our innovative partnership with St Mirren FC continues to go from strength-to-strength. Young people at Kibble’s Skills Academy applied their expertise to design a first-team changing room that exceeded all expectations and included a dedicated compartment area to help prepare players for the upcoming games.

Performance

Kibble’s care services are monitored and evaluated by the Care Inspectorate and our education services are monitored and evaluated by Education Scotland. The latest PDF inspection reports are available to view on our website.

Practices and Procedures

Statement of Intent

Kibble aims to be an equal opportunity employer, and recognises its legal obligations in employment under the Equality Act 2010, the Rehabilitation of Offenders Act 1974, and the Employment Rights Act 1996. Kibble acknowledges that we live in an unequal society in which many people face discrimination. As an organisation committed to the defence of human rights and social justice and recognises the need for it to take a pro-active role in promoting fairness, social justice and equality of opportunity by adopting and promoting fair employment practices.

Equal opportunities practice is constantly developing as social attitudes and legislation change. Kibble keeps its policies under review and will implement changes where these could improve equality. This commitment applies to all the Kibble’s employment policies and procedures, not just those specifically connected with equal opportunity. Kibble is committed to offering opportunities to all persons based solely on competence and individual merit, and not on any irrelevant factor such as age, sex, sexual orientation, race, creed, colour, nationality, disability, background or social status. All employees have a duty to promote and comply with Kibble’s equal opportunity policy. Organisational Communication It is the Group’s belief that efficiency, high productivity and a harmonious working environment are best achieved where effective communications exist between management and employees. A number of systems exist to facilitate the flow of information throughout the organisation both from management to employees and vice versa. Regular management meetings are held where the Executive Directors brief departmental heads on Kibble’s current position, future prospects and matters concerning employment in the Group. This information is then further disseminated at departmental meetings and team briefings allowing opportunities for discussion and feedback. Staff are kept up-to-date with Kibble’s news and activities, future plans, and other information of interest via regular emails from our communications team. In addition, the staff intranet provides access to Kibble updates, information and access to policies and other important forms employees may need to access. Throughout the year the Chief Executive Officer will hold staff information sessions which not only updates staff on future plans but offers an open forum for discussion giving staff the opportunity to ask any = questions they have. We_ also recognise the benefits of trade union membership for employees and encourage all employees

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MISS ELIZABETH KIBBLE’S TRUST
Report of the Trustees for the year ended 31 March 2025
to join the appropriate trade union and take part in legitimate trade union activities. The
commitment is included in our HR manual, available to all employees.
Research plays a vital role at Kibble, helping to shape our service delivery and working
practices. In addition to Kibble attending research visits we also welcome many visitors to
Kibble each year, all keen to find out more about Kibble, the services we offer and innovative
practice.
Investing in People
Kibble’s most recent IIP report credited its staff for being the ‘backbone of Kibble’ and
highlighted that our dedication to health and wellbeing, and, learning and development was
shown through many actions. IIP acknowledge Kibble’s own in-house learning and
development team, the agreement to continue to increase rate of pay in line with the
Convention of Scottish Local Authorities (COSLA) recommendation, increased recruitment
and succession planning. The ‘Gold’ status from Investors in People confirms its commitment
to our workforce and the fact there is an opportunity to build a long-term career with us.
Both Kibble Education and Care Centre and Kibbleworks are accredited living wage employers
which means directly employed staff are paid the real Living Wage or above.
Measuring Success
The success of our work can be measured in part by the gradings that we received when we
are assessed by the various regulators. The other measure of success is the level of outcomes
that young people in our services achieve. While currently there is no universal tool for
measuring these outcomes, we have developed a system in-house to enable us to collect this
data.
Kibble supports each young person to complete their Kibble journey which is mapped against
Kibble’s Outcome Framework. This organisational model helps us to assess young people’s
progress and needs against the SHANARRI wellbeing indicators from the GIRFEC framework.
This ensures young people's needs and strengths are correctly identified, helping to match
project activities to their strengths. It also helps us to determine if their needs are changing
and ensure these continue to be met.
The Group measures its success via outcomes for young people, its continued provision of
relevant services, and its ability to adapt to the changing needs of the care and educational
environment in which it operates.
We remain focussed on providing the best outcomes possible for young people at risk,
ensuring they have the best chance at life. In order for us to achieve this we seek to not only
maintain the exceptional standards of our existing services but to seek new ways to support
young people, helping to improve their long-term outcomes.
Risk Management
The Group maintains a Strategic Risk Register, and this is reviewed quarterly by the
Organisational Resilience Sub-committee which provides a report to the Board of Kibble
Education and Care Centre. Risk analysis and identification are carried out on a regular
ongoing basis. The Executive Directors of the principal operating company (Kibble Education
and Care Centre) are charged with the responsibility of ensuring that policies and procedures
are in place to minimise exposure to risk and that scenario and contingency planning is in
place to deal with major risks involved.
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MISS ELIZABETH KIBBLE’S TRUST
Report of the Trustees for the year ended 31 March 2025
Key risk areas highlighted in the Risk Management Register for the whole Kibble Group are
as follows:
e Reputational risk - we aim to mitigate reputational risk in a number of ways. These
include allocating additional resources to developing and strengthening both internal
and external communication systems; ensuring that clear policies are put in place and
are checked for compliance by our dedicated Internal Audit function; strengthening our
Quality Assurance team; and investing heavily in training our staff;
e Business continuity - we continue to monitor and review our business continuity plans
and test its robustness, making adaptions if required;
e Continued demand for the work that we do- this is influenced, amongst other things,
by public policy, including legislation and regulatory bodies; societal trends; and cost
pressures at both the Scottish and local government levels. We aim to mitigate this
risk by carrying out extensive research on how best to meet the needs of our young
people; by scrutinising all costs to ensure that our charges are as low as possible; by
steadily strengthening our expertise and leadership across the organisation; and by
ensuring that staff are trained, qualified and skilled to properly fulfil the responsibilities
of their positions.
These efforts are overseen and supported by Kibble’s Board and sub-committees covering
every aspect of the organisation’s work.
Financial Review
The Group’s net incoming resources for the year were £2,418,242 (2024: £1,959,728), which
has increased the net assets at the year end to £30,532,721 (2024: £28,114,479). At the end
of the financial year, charitable funds totalled £30,532,721 (2024: £28,114,479).
The Group’s accounts for the year ended 31 March 2025 are annexed to this report and are
considered by the trustees to reflect a satisfactory financial position. Notwithstanding the fact
that we operate in the “not for profit” sector, we aim to achieve a small surplus each year to
enable us to develop the campus and facilities to provide state of the art resources for the
benefit of the young people in our care. A surplus on unrestricted funds of £2,761 ,826 (2024:
£2,350,595) was realised in the year to 31 March 2025 leaving our unrestricted funds which
are not designated, in surplus at £12,142,676 (2024: £9,016,627). Restricted and designated
funds were not in deficit.
Our Secure Care facility operated at a high occupancy rate during most of this financial year.
The closure of another such facility a few years ago reduced the number of beds in this sector
in Scotland as a whole. The higher occupancy did generate more income than we had
budgeted for, however it led to substantially higher costs as well. We continue to invest in the
long-term maintenance of the property that this service occupies.
Kibble’s fostering income has decreased in 2024/25 compared to the previous year, this is
due to a slight decrease in the number of young people needing intensive support provided
by Kibble Fostering.
Kibble’s residential services continue to be in demand, and we've seen an increase in
placement requests for young people of primary age with occupancy remaining high.
Our community residential services, for young people making the transition to independent
living, continue to be sought after. Occupancy levels for these services have historically been
set below those at our main campus, and our performance in this financial year was consistent
with that. These are particularly expensive services to operate, however they provide an
essential path for our young people to leave residential care, ensuring they are better equipped
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MISS ELIZABETH KIBBLE’S TRUST
Report of the Trustees for the year ended 31 March 2025
to face the challenges that independent living will bring. We plan to continue to invest in the
expansion of these services for that very reason.
Housing Support supports young people who have recently moved from residential care into
their own tenancy. It provides individual support packages which help young people to sustain
their own accommodation in the Renfrewshire area.
Education Support and Outreach Services (ESOS): Secondary age - sales of this service were
below their expected budget this financial year. There wasa slight increase in occupancy this
year. However, this continues to be a vital service for young people, helping them to re-engage
in learning which will ultimately lead to better long-term outcomes, whether it’s in relation to
employability or, when the time comes, moving on from further or higher education.
Education Support and Outreach Services (ESOS): Primary age was open for its ninth full
year in 2024/25. Occupancy has decreased this year which has resulted in a reduction in
income for the primary school.
We continued to invest heavily in staff training and development this year, as we do every
year. This is a vital expenditure and one which benefits staff, young people, Kibble, and the
community as a whole.
Occupancy levels at Kibble overall meant that our overtime costs were much higher than we
budgeted for, however these costs were covered by the incremental income generated by this
additional occupancy across all services.
We continued to invest heavily in staff training and development this year, as we do every
year. This is a vital expenditure and one which benefits staff, young people, Kibble, and the
community as a whole.
During the year all of our services absorbed the extra staff costs arising from the agreed pay
increase for non-teaching staff and similarly the agreed pay increase for teaching staff;
including any point scale increases; and increments derived from promotions. The respective
pay increases were awarded following the agreement between UNISON and_ local
Government, and via the Scottish Negotiating Committee for Teachers.
Kibbleworks’ Skills Academy provides education and training services to both young people
we look after and those in the community. The current model was developed through
researching current and future trends in the tertiary education and job market. In addition,
young people were invited to take part in a Blue-Sky Thinking consultation to give us their view
on current provision and what they would like to see in the future. In addition, young people
from our education services provided their views on the Skills Academy and subject areas
they are interested in, and future careers aspirations. This has helped to ensure we continue
to provide innovative opportunities to develop the skills young people require in the modern
world and that today’s employers are seeking.
In February 2020 we purchased 27.5% of the shares of St Mirren Football Club. We consider
this to be a programme related investment, the purpose of which is to improve Kibble’s
developing young workforce (DYW) programme, including employability options, skills and
qualifications for our young people. The partnership has opened up opportunities for young
people to strengthen their employability skills in areas such as: catering, hospitality, grounds
keeping (apprenticeships), stadium maintenance (apprenticeships) and other associated
match day activities.
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MISS ELIZABETH KIBBLE’S TRUST
Report of the Trustees for the year ended 31 March 2025
Principal Funding Sources
The principal funding source of the Group is through services which are largely funded on a
fee basis through contractual arrangements with local authorities. Specific, and innovative
projects and a proportion of our therapeutic work is funded through grants. Kibble has a robust
monitoring system in place to ensure finance policies and procedures are adhered to.
Investment Policy
The Group holds no investments except shares in its wholly owned subsidiary companies,
Kibble Campus Development Limited, Kibble Trading Limited and Kibble Construction Limited.
The Group also controls two further subsidiaries, Kibble Education and Care Centre Limited
and KibbleWorks Limited, which are companies limited by guarantee.
Reserves Policy
Our policy is to have sufficient funds to meet our financial obligations timeously and to provide
the best possible service to our clients at a reasonable cost. There is no policy to build reserves
in excess of an amount equal to six months running costs, which would equate to £23.18m
based on current expenditure levels. At 31 March 2025 the Group had free reserves of
£12.14m (excluding amounts tied up in fixed assets net of borrowings and designated funds).
Factors Likely to Affect Future Financial Performance
The main factors are:
e demand for services;
e cost of living crisis
e increased National Insurance costs
e VAT
Principal Financial Management Policies
The company has in place a number of financial management policies, the main ones being:
e keeping a strict control over expenditure via prescribed levels of authorisation and
procurement, with the Board of Directors, a majority of whom need to be Non-
executives, required to authorise any significant amounts
e monitoring cashflows very closely
e communicating results to all levels of management
e maintaining assets to a high standard
e employing a dedicated Internal Auditor to perform regular checks on all finance
related systems and policies
Looking To The Future
As Kibble looks toward an ambitious future, the Directors remain committed to their original
and core charitable purpose of supporting young people affected by adversity. Since its
establishment in the mid-19th century, Kibble has operated as a national provider of child and
youth care services with a strong local footprint.
Our mission is to empower lives and fulfil potential through care, education and opportunity.
Kibble’s vision is to transform lives, families and communities. We continue to adapt and
evolve our services in line with the needs of children and young people, shaped by the latest
research, innovation and best practice in residential, secure, educational, therapeutic and
community services. This investment in evidence-led service development ensures Kibble is
able to both respond to need and be a social innovation leader within its field.
Income stream diversification runs alongside this, as the Directors seek to ensure that the
strategic direction is strong and stable, particularly within the context of local authority and
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MISS ELIZABETH KIBBLE’S TRUST
Report of the Trustees for the year ended 31 March 2025
central government public procurement. This also requires a robust support services
infrastructure and investment that helps to ensure that the organisation is on a solid
operational footing. At the same time the Board have reaffirmed the belief that the charity
needs to be more than merely a public service contractor, centrally directed and only delivering
to a narrow service specification. The requirement for needs-based innovation in the social
sector remains as important as ever and Kibble is confident that it is well placed to meet its
mission.
Kibble prides itself on building relationships based on integrity, compassion and trust.
Accordingly, we recognise the need for accountable and responsible use of resources. It is
our intention to grow our services to ensure we can increase our capacity to support more
young people. All business decisions are taken with young people in mind and the support
network surrounding them. Importance is placed on The Promise, independent advocates
including Who Cares? Scotland as well as the qualifications and resources needed by the
skilled staff team, ensuring employees are equipped to deliver the highest quality of care
possible.
Already sector-leading with its own fostering service, Kibble has expanded to introduce
adoption. As an established children’s charity, we have the knowledge and experience to
support families and young people through the adoption journey.
Kibble Adoption is set to be an innovative service providing sound guidance and advice to
prospective adopters as they progress through the process. Led by an experienced team of
friendly professionals who comprehend the importance of forming strong attachments in the
early stages of becoming a new family, adopters and young people will be prioritised.
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Report of the Trustees for the year ended 31 March 2025

Trustees’ Responsibilities in Relation to the Financial Statements

The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Scotland 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 incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

e select suitable accounting policies and then apply them consistently; e observe the methods and principles in the Charities SORP; e make judgments and estimates that are reasonable and prudent; e state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the provisions of the charity's constitution. 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.

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.

Statement to Auditors

In so far as the Trustees are aware:

e there is no relevant audit information of which the charity’s auditor is unaware; and e the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

Auditors

A resolution will be proposed at the Annual General Meeting that Wbg (Audit) Limited be reappointed as auditors to the charity for the ensuing year.

Approved by the Trustees and signed on their behalf by:

Date: 28 October 2025

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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F 32BE7F8FDE
MISS ELIZABETH KIBBLE’S TRUST
INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF MISS ELIZABETH
KIBBLE’S TRUST FOR THE YEAR ENDED 31 MARCH 2025
We have audited the financial statements of Miss Elizabeth Kibble’s Trust (the ‘parent charity’)
and its subsidiaries (the ‘group’) for the year ended 31 March 2025 which comprise the Group
and Parent Charity’s Statement of Financial Activities, the Group and Parent Charity’s Balance
Sheet, the Group and Parent Charity’s Statement of Cash Flows and the related notes,
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 Republic of Ireland (United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financial statements:
e give a true and fair view of the state of the group’s and the parent charity’s affairs as
at 31 March 2025 and of the group’s and the parent charity’s incoming resources and
application of resources, including their income and expenditure, for the year then
ended;
e have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice;
e have been prepared in accordance with the requirements of the Charities and Trustee
Investment (Scotland) Act 2005 and regulations 6 and 8 of the Charities Accounts
(Scotland) Regulations 2006.
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 group and the parent 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 group’s or parent 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 Report and Financial
Statements, other than the financial statements and our auditor’s report thereon. The trustees
are responsible for the other information. 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 audit or otherwise appears to be materially misstated.
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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F 32BE7F8FDE
MISS ELIZABETH KIBBLE’S TRUST
INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF MISS ELIZABETH
KIBBLE’S TRUST FOR THE YEAR ENDED 31 MARCH 2025
If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or
a material misstatement of the other information. 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.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities Accounts
(Scotland) Regulations 2006 require us to report to you if, in our opinion:
e the information given in the financial statements is inconsistent in any material respect
with the financial statements; or
e proper accounting records have not been kept; or
e the financial statements are not in agreement with the accounting records; or
e we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees’ Responsibilities Statement set out on page 13, the
trustees are responsible for the preparation of 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 group and
parent 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 liquidate the charity or 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 44(1)(c) of the Charities and Trustee
Investment (Scotland) Act 2005 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We
design procedures in line with our responsibilities, outlined above, to detect material
misstatements in respect of irregularities, including fraud. The specific procedures for this
engagement and the extent to which these are capable of detecting irregularities, including
fraud is detailed below:
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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F 32BE7F8FDE
MISS ELIZABETH KIBBLE’S TRUST
INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF MISS ELIZABETH
KIBBLE’S TRUST FOR THE YEAR ENDED 31 MARCH 2025
Extent to which the audit was considered capable of detecting irregularities including
fraud
We identify and assess the risks of material misstatement of the financial statements, whether
due to fraud or error, and then design and perform audit procedures response to those risks,
including obtaining audit evidence that is sufficient and appropriate to provide a basis for our
opinion.
In identifying and assessing the risks or material misstatements in respect of irregularities,
including fraud and non-compliance with laws and regulations we considered the following;
¢ The nature of the charity and its subsidiaries, the environment in which they operate
and the control procedures implemented by management and the trustees; and
¢ Our enquiries of management and trustees about their identification and assessment
of the risks of irregularities.
Based on our understanding of the group and the sector we identified that the principal risks
of non-compliance with laws and regulations related to, but were not limited to;
¢ Regulations and legislation pertinent to the charity’s and the group’s operations.
We considered the extent to which non-compliance might have a material impact on the
financial statements. We also considered those laws and regulations which have a direct
impact on the preparation of the financial statements, such as the Charities and Trustee
Investment (Scotland) Act 2005, and the Charities Accounts (Scotland) Regulations 2006. We
evaluated management and trustees’ incentives and opportunities for fraudulent manipulation
of the financial statements (including the risk of management override of controls), and
determined that the principal risks were related to;
¢ Posting inappropriate journal entries.
Audit response to the risks identified;
Our procedures to respond to the risks identified included the following;
Gaining an understanding of the legal and regulatory framework applicable to the
charity and the sector in which it operates;
Reviewing financial statement disclosures and testing to supporting documentation to
assess compliance with provisions of relevant laws and regulations described as
having a direct effect on the financial statements;
Enquiring of management, the audit committee, the internal auditors and legal advisors
concerning actual and potential litigation and claims;
Reading minutes of meetings of those charged with governance, reviewing internal
audit reports and reviewing correspondence with HMRC; and
¢ In addressing the risk of fraud as a result of management override of controls, testing
the appropriateness ofjournal entries and other adjustments; evaluating rationale of
any significant transactions that are unusual or outside the normal course of business.
These included, but are not limited to:
¢ Fixed Assets
Accruals and Deferred Income
Prepayments and Accrued Income
We also communicated relevant identified laws and regulations and potential fraud risks to all
engagement team members, and remained alert to any indications of fraud or non-compliance
with laws and regulations throughout the audit.
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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F 32BE7F8FDE

MISS ELIZABETH KIBBLE’S TRUST

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF MISS ELIZABETH KIBBLE’S TRUST FOR THE YEAR ENDED 31 MARCH 2025 Because of the 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 regulation. This risk increases the 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 of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council's website at: ~~www.frc.org.uk/auditorsresponsibilities.~~ This description forms part of our auditor’s report.

Use of our report This report is made solely to the charity’s trustees, as a body, in accordance with regulation 10 of the Charities Accounts (Scotland) Regulations 2006. 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 auditor’s 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 the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. a 168 Bath Street Wbg (Audit) Limited Glasgow Statutory auditor G2 4TP

Date: 28 October 2025

Wbg (Audit) Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F32BE7F8FDE

MISS ELIZABETH KIBBLE’S TRUST

CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2025

Note 2025 2024 £ £ £ Fixed assets: Tangible assets 16 12,082,233 12,649,286 Investments 17 2,749,838 2,654,773 14,832,071 15,304,059 Current assets: Stock 18 3,780 965 Debtors 19 5,299,686 3,286,120 Cash at bank and in hand 28 14,149,470 11,866,250 Total current assets 19,452,936 15,153,335 Liabilities: Creditors falling due within one year 20 ~~(3,750,256) (2,340,885)~~ Net current assets 15,702,680 12,812,450 Total assets less current liabilities 30,534,751 28,116,509 Creditors: Amounts falling due after more than one year 22 (2,030) (2,030) Net assets 30,532,721 28,114,479 The funds of the charity: Restricted funds 23 483,342 826,926 Unrestricted funds 24 30,049,379 27,287,553 Total charity funds 30,532,721 28,114,479

Approved by the trustees and authorised for issue on 28 October 2025 and signed on their behalf by:

19

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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F32BE7F8FDE

MISS ELIZABETH KIBBLE’S TRUST

CHARITY BALANCE SHEET AS AT 31 MARCH 2025

Note 2025 2024 £ £ £

Fixed assets: Tangible assets 16 2,781,015 2,944,229

Current assets: Cash at bank and in hand 28 143,111 102,185 Total current assets 143,111 102,185

Liabilities:

Creditors falling due within one year 20 ~~(88,891) (72,939)~~

Net current assets

54,220 29,246

Total assets less current liabilities 2,835,235 2,973,475 Creditors: Amounts falling due after more than one year 22 (1,861,469) (1,958,889) Net assets 973,766 1,014,586

2,835,235 2,973,475

The funds of the charity:

Restricted funds

23

258,223 268,982

Unrestricted funds

Total funds

715,543 745,604 973,766 1,014,586

Approved by the trustees and authorised for issue on 28 October 2025 and signed on their behalf by: -ee

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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F32BE7F8FDE

MISS ELIZABETH KIBBLE’S TRUST

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

2025 2024 Note £ £ 27 3,113,578 2,668,606

Cash flows from operating activities: Net cash provided by operating activities 27

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Cash flows from investing activities:
Interest received 562,289 431,505
Interest payable - (906)
Purchase of tangible fixed assets (1,334,573) (3,779,767)
Proceeds from the sale of fixed assets 4,233 38,861
Purchase of investments (447,585) (937,845)
Proceeds on sale of investments 385,278 900,860
Net cash (used in) investing activities (830,358) (3,347,292)
Cash flows from financing activities:
Loan repayments - (93,686)
Net cash (used in) financing activities - (93,686)
Change in cash and cash
equivalents in the year 2,283,220 (772,372)
Cash and cash equivalents brought forward 28 11,866,250 12,638,622
Change in cash and cash equivalents 2,283,220 (772,372)
Cash and cash equivalents carried forward 28 14,149,470 11,866,250
Analysis of net debt -
Group
Note 1 April Cashflow Other non cash 315 March
2024 changes 2025
£ £ £ £
Cash & cash 28 11,866,250 2,283,220 - 14,149,470
equivalents
Total net cash 11,866,250 2,283,220 - 14,149,470
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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F32BE7F8FDE

MISS ELIZABETH KIBBLE’S TRUST

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CHARITY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025 2024
Note £ £
Cash flows from operating activities:
Net cash provided by operating activities 27 76,360 876,380
Cash flows from investing activities:
Interest received 1,492 980
Interest payable (36,926) (18,600)
Purchase of other fixed assets - (819,678)
Net cash (used in) investing activities (35,434) (837,298)
Change in cash and cash
equivalents in the year 40,926 39,082
Cash and cash equivalents brought forward 28 102,185 63,103
Change in cash and cash equivalents 40,926 39,082
Cash and cash equivalents carried forward 28 143,111 102,185
Analysis of net debt -
Charity
Note 1 April Cashflow Other non cash 318t March
2024 changes 2025
£ £ £ £
Cash & cash 28 102,185 40,926 - 143,111
equivalents
Total net cash 102,185 40,926 - 143,111
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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F 32BE7F8FDE
MISS ELIZABETH KIBBLE’S TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies
(a) Basis of preparation and assessment of going concern
The accounts (financial statements) have been prepared under the historical cost convention
with items recognised at cost or transaction value unless otherwise stated in the relevant
note(s) to these accounts.
The financial statements have been prepared in accordance with the Statement of
Recommended Practice: 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), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities
Accounts (Scotland) Regulations 2006.
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 £.
The financial statements consolidate the results of the charity and its wholly owned
subsidiaries Kibble Education & Care Centre and KibbleWorks ona line by line basis. The
three dormant subsidiaries of KibbleWorks are excluded from the consolidation on the grounds
of materiality.
The charity constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the charity's ability to
continue as a going concern.
(b) Funds structure
Unrestricted income funds comprise those funds which the trustees are free to use for any
purpose in furtherance of the charitable objects. Unrestricted funds include designated funds
where the trustees, at their discretion, have created funds for specific purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions
imposed by the donor or trust deed, or through the terms of an appeal.
Further details of each fund are disclosed in notes 23 and 24.
(c) Income recognition
Income is recognised once the charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Donations, are recognised when the charity has been notified in writing of both the amount
and settlement date. In the event that a donation is subject to conditions that require a level
of performance before the charity is entitled to the funds, the income is deferred and not
recognised until either those conditions are fully met, or the fulfilment of those conditions is
wholly within the control of the charity and it is probable that those conditions will be fulfilled
in the reporting period.
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.
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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F32BE7F8FDE
MISS ELIZABETH KIBBLE’S TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies (continued)
Income from government and other grants, whether ‘capital’ 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.
Income received in advance of the provision of a specified service is deferred until the criteria
for income recognition are met (see note 21).
(d) Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that settlement will be required and
the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs
and governance costs are allocated or apportioned to the applicable expenditure headings.
For more information on this attribution refer to note (e) below.
e Other trading activities comprise costs associated with generating trading income.
e Charitable expenditure comprises those costs incurred by the charity in the delivery of
its activities and services. 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 is
incurred.
(e) Allocation of support and governance costs
Support costs have been allocated between governance costs and other support costs.
Governance costs comprise all costs involving the public accountability of the charity and its
compliance with regulation and good practice. These costs include costs related to statutory
audit and legal fees together with an apportionment of overhead and support costs.
The allocation of support and governance costs is analysed in note 11.
(f) Tangible fixed assets and depreciation
The Charity has a policy where assets costing more than, or around, £500 are capitalised.
Depreciation is charged as follows:
Freehold property Over 25 years
Equipment Over 4 years
Motor Vehicles Over 3 years
No depreciation is provided on freehold land.
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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F 32BE7F8FDE
MISS ELIZABETH KIBBLE’S TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies (continued)
(g) Fixed asset investments
Investments in subsidiary undertakings are included at cost less provision for permanent
diminution in value.
Investments are a form of basic financial instrument and are initially recognised at their
transaction value and subsequently measured at their fair value as at the balance sheet date
using the closing quoted market price. The statement of financial activities includes the net
gains and losses arising on revaluation and disposals throughout the year.
The Charity does not acquire put options, derivatives or other complex financial instruments.
The main form of financial risk faced by the charity is that of volatility in equity markets and
investment markets due to wider economic conditions, the attitude of investors to investment
risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.
(h) Programme related investments
Programme related investments are investments made in order to further the group's
charitable aims. Programme related investments are measured at fair value.
(i) Stock
Stock is included at the lower of cost or net realisable value.
(j) 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.
(k) 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.
(|) Creditors and provisions
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.
(m) Financial instruments
The charity has financial assets and financial liabilities that qualify as both basic and other
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 measured at amortised cost using the effective interest method. Other
financial instruments are measured at fair value, with movements in fair value at each balance
sheet date shown as a gain or loss in the Statement of Financial Activities.
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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F 32BE7F8FDE
MISS ELIZABETH KIBBLE’S TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies (continued)
(n) Pensions
The group is part of a defined benefit pension scheme. The regular cost of providing retirement
pensions and related benefits for this scheme is charged to the profit and loss account over
the employees’ service lives on the basis of a constant percentage of earnings. Any difference
between the charge to the profit and loss account and the contributions paid to the scheme is
shown as an asset or liability in the balance sheet.
As the group’s share ofthe underlying assets and liabilities cannot be identified on a consistent
and reasonable basis, the scheme is treated as a defined contribution pension scheme. The
pension costs charged in the financial statements in respect of this scheme represent the
contributions payable by the charity during the year.
(0) Operating leases
Rentals paid under operating leases are charged to the statement of financial activities. The
obligation to pay future rentals on operating leases is shown by way of a note to the Accounts.
(p) Taxation
Miss Elizabeth Kibble’s Trust is a charity within the meaning of Section 467 of the Corporation
Tax Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income
or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation
Tax Act 2010 and section 256 of the Taxation of Charitable Gains Act 1992 to the extent that
such income or gains are applied for charitable purposes only.
(q) Employee benefits
The costs of short-term employee benefits are recognised asa liability and an expense, unless
those costs are required to be recognised as part of the cost of stock or fixed assets.
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 group is
demonstrably committed to terminate the employment of an employee or to provide
termination benefits.
2. Judgements and key sources of estimation uncertainty
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, if the
revision affects only that period, or in the period of the revision and future periodsif the revision
affects both current and future periods.
Fair Value of Programme Related Investment
The fair value of the programme related investment in St Mirren Football Club Limited is
estimated based on a contractually binding future realisable value.
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MISS ELIZABETH KIBBLE’S TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

1. Judgements and key sources of estimation uncertainty (continued)

Depreciation of fixed assets Fixed assets are depreciated over the useful life of the asset. The useful lives of fixed assets are based on the knowledge of senior management, with reference to assets expected life cycle.

Leases Determine whether leases entered into by the company either as a lessor or a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

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3. Legal status
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The charity is registered in Scotland under the Charities and Trustees Investment (Scotland) Act 2005.

1. Financial activities of the subsidiaries

KIBBLE EDUCATION AND CARE CENTRE

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The charity has a wholly owned subsidiary, Kibble Education and Care Centre, which is
incorporated in Scotland and whose principal activity is to provide care and education services
for young people at risk. A summary of the results is shown below:
2025 2024
Unrestricted Restricted Total Total
£ £ £ £
Incoming Resources
Donations and legacies 666,690 - 666,690 699,655
Charitable activities 46,323,140 731,755 47,054,895 43,069,853
Investments 597,723 - 597,723 449,125
Other incoming resources 1,457 - 1,457 -
Total Incoming Resources 47,589,010 731,755 48,320,765 44,218,633
Resources expended
Investment management costs 14,771 - 14,771 13,164
Charitable activities 44,831,754 1,064,580 45,896,334 42,410,336
Total Resources Expended 44,864,525 1,064,580 45,911,105 42,423,500
Net income/(expenditure) and net
movements in funds before gains
and losses on investments 2,742,485 (332,825) 2,409,660 1,795,133
Net gains on investments 32,758 - 32,758 185,334
Net income/(expenditure) 2,775,243 (332,825) 2,442,418 1,980,467
Transfers between funds - - - -
Net Movement in funds 2,775,243 — (332,825) 2,442,418 1,980,467
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MISS ELIZABETH KIBBLE’S TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
4. Financial activities of the subsidiaries (continued)
At 31 March 2025 the assets and liabilities of the subsidiary were:
2025 2024
£ £
Fixed assets 11,376,626 11,604,105
Current assets 21,087,661 16,978,124
Current liabilities (3,715,870) (2,276,230)
Total net assets 28,748,417 26,305,999
Restricted funds 225,119 557,944
Unrestricted funds 28,523,298 25,748,055
Total funds 28,748,417 26,305,999
KIBBLEWORKS
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Miss Elizabeth Kibble’s Trust’s wholly owned charitable subsidiary, Kibble Education and Care
Centre, has a wholly owned charitable subsidiary, KibbleWorks, which is incorporated in
Scotland and whose principal activity is the training and employment of young people. A
summary of the results is shown below:
2025 2024
Unrestricted Restricted Total Total
£ £ £ £
Incoming Resources
Donations and legacies 1,420,000 - 1,420,000 1,405,000
Charitable activities 545,046 7,903 552,949 454,366
Other incoming resources 833 - 833 -
Total Incoming Resources 1,965,879 7,903 1,973,782 1,859,366
Resources expended
Charitable activities 1,949,235 7,903 1,957,138 1,855,349
Total Resources Expended 1,949,235 7,903 1,957,138 1,855,349
Net income for the year 16,644 - 16,644 4,017
At 31 March 2025 the assets and liabilities of the subsidiary were:
2025 2024
£ £
Fixed assets 688,551 769,846
Current assets 246,297 142,099
Current liabilities (108,160) (101,901)
Long term liabilities (2,030) (2,030)
Total net assets 824,658 808,014
Restricted funds - -
Unrestricted funds 824,658 808,014
Total funds 824,658 808,014
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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F 32BE7F8FDE
MISS ELIZABETH KIBBLE’S TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
5. Related party transactions and trustees’ expenses and remuneration
Three trustees are also employees of the charity. Details of their salaries (payable by Kibble
Education and Care Centre) are included below:
Salary ER NIC Pension 2025 Total 2024 Total
£ £ £ £ £
147,112 17,060 23,788 187,960 171,749
122,248 15,614 19,768 157,630 144,402
225,960 29,928 35,179 291,067 262,991
495,320 62,602 78,735 636,657 979,142
No trustees were reimbursed expenses in the year (2024 — Nil). No trustees waived expenses
during the year (2024 — Nil).
No donations were made to the group by trustees during the year (2024: Nil)
taxDuring servicesthe year, (2024:Kibble£43,980),Educationof whichand TrusteeCare Centreae:paid £39,100 a director.to Azets for secretarial and
During the year, £36,620 (2024: £104,152) was paid to The St Mirren Football Club Ltd, a
company in which Kibble Education and Care Centre holds a 27.5% shareholding. At the year
end, a balance of £Nil was due to The St Mirren Football Club Ltd (2024: £11,655).
During the year, £nil (2024: ENil) was paid to The St Mirren Football Club Ltd and £194,633
(2024: £144,432) sales were made to The St Mirren Football Club Ltd by subsidiary company
Kibbleworks. At the year end, a balance of £19,357 (2024: £13,025) was due from The St
Mirren Football Club Ltd.
6. Income from donations and legacies
Group Charity
2025 2024 2025 2024
£ £ £ £
Donations 780 4,551 - -
UK Grants 665,910 695,104 - -
666,690 699,655 - -
7. Income from charitable activities
Group Charity
2025 2024 2025 2024
£ £ £ £
Rental Income - - 189,795 135,795
Self Funded 47,054,895 43,069,853 - -
Enterprise Activities 454,984 309,935 - -
Other Grants 7,903 - - -
47,517,782 43,379,788 189,795 135,795
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MISS ELIZABETH KIBBLE’S TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 8. Income from investments Group Charity 2025 2024 2025 2024 £ £ £ £ Bank interest 491,913 388,021 1,492 980 Dividends 70,376 43,484 - - 562,289 431,505 1,492 980 9. Other incoming resources Group Charity 2025 2024 2025 2024 £ £ £ £ Gain on sale of fixed asset ~~22900 - ee~~ 10. Analysis of expenditure on charitable activities - Group Rental Self Grant Enterprise 2025 Activities Funded Funded Activities Total £ £ £ £ £ Staff and care costs - 36,485,706 701,474 1,284,526 38,471,706 Trading expenditure - - - 170,879 170,879 Property & Communication costs - 2,732,503 - 307,349 3,039,852 Depreciation 163,214 1,239,271 378,190 119,008 1,899,683 Interest payable - - - - - Administration & ICT 27,090 1,978,490 - 52,249 2,057,829 Bank charges 77 - - - 77 Training & Development - - - 3,465 3,465 Travel & Subsistence - - - 7,325 7,325 Support costs (note 11) - 399,100 - - 399,100 Governance costs (note 11) 4,800 275,015 6,728 12,337 298,880 195,181 43,110,085 1,086,392 1,957,138 46,348,796

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MISS ELIZABETH KIBBLE’S TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 10. Analysis of expenditure on charitable activities - Group (continued) Rental Self Grant Enterprise 2024 Activities Funded Funded Activities Total £ £ £ £ £ Staff and care costs - 33,977,101 695,104 1,163,000 35,835,205 Trading expenditure - - - 173,413 173,413 Property & Communication costs - 2,772,449 - 334,387 3,106,836 Depreciation 130,426 992,321 377,540 103,366 1,603,653 Interest payable - 906 - - 906 Administration & ICT 7,640 1,402,401 - 57,916 1,467,957 Bank charges 77 - - - 77 Training & Development - - - 895 895 Travel & Subsistence - - - 13,833 13,833 Support costs (note 11) - 276,319 - - 276,319 Governance costs (note 11) ~~4,788 225,057 5,912 8,539 244,296~~ 142,931 39,646,554 1,078,556 1,855,349 42,723,390 11. Allocation of governance and support costs The breakdown of support costs and how these were allocated between governance and other support costs is shown in the table below: Total Governance allocated Self related Cost type 2025 Funded £ Basis of £ £ apportionment Staff costs 574,925 399,100 175,825 Staff time Total ~~574,925 399,100 175,825~~ Total Governance allocated Self related Cost type 2024 Funded £ Basis of £ £ apportionment Staff costs 406,285 276,319 129,966 Staff time Total ~~406,285 276,319 129,966~~

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MISS ELIZABETH KIBBLE’S TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

1. Allocation of governance and support costs (continued)

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Governance costs: 2025 2024
£ £
Secretarial fee 37,400 40,800
Auditors remuneration 38,572 28,587
Internal audit costs 47,083 44,943
Support costs (see above) 175,825 129,966
298,880 244,296
Breakdown of governance and support costs by activity;
Support costs Governance 2025
£ £ £
Rental Activities - 4,800 4,800
Self Funded 399,100 275,015 674,115
Grant Funded - 6,728 6,728
Enterprise Activities - 12,337 12,337
399,100 298,880 697,980
Support costs Governance 2024
£ £ £
Rental Activities - 4,788 4,788
Self Funded 276,319 225,057 501,376
Grant Funded - 5,912 5,912
Enterprise Activities - 8,539 8,539
276,319 244,296 520,615
12. Investment management costs
Group Charity
2025 2024 2025 2024
£ £ £ £
Investment management costs 14,771 13,164 - -
14,771 13,164 - -
13. Analysis of staff costs and remuneration of key management personnel — Group
2025 2024
£ £
Wages and salaries 28,316,057 25,860,852
Social security costs 2,980,666 2,706,537
Pension costs 3,193,751 2,871,045
34,490,474 31,438,434
2025 2024
No. No.
The average weekly number of persons, by headcount,
employed by the group during the year was: 772 726
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MISS ELIZABETH KIBBLE’S TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 13. Analysis of staff costs and remuneration of key management personnel — Group (continued)

The charity has no employees or staff costs. (2024: Nil)

The number of employees whose emoluments (salaries, wages and benefits in kind) fell within the following bands are as follows:

Group Group 2025 2024 No. No. £60,000 - £69,999 25 21 £70,000 - £79,999 3 8 £80,000 - £89,999 3 2 £90,000 - £99,999 1 1 £100,000 - £109,999 2 - £110,000 - £119,999 1 2 £120,000 - £129,999 2 1 £150,000 - £159,999 1 - £200,000 - £209,999 - 1 £220,000 - £229,999 1 - Group Group Charity Charity 2025 2024 2025 2024 £ £ £ £ Key management personnel remuneration 1,301,594 903,865 - - During the year the group made redundancy payments of £Nil £Nil (2024: £2,572). Net income/(expenditure) for the year - Group This is stated after 2025 2024 charging: £ £ Auditors remuneration: - Miss Elizabeth Kibble’s Trust 4,800 4,788 - Subsidiaries 33,772 23,799 - Prior year over accrual - 4,400 Depreciation 1,899,683 1,603,653 Interest payable - 906

During the year the group made redundancy payments of £Nil £Nil (2024: £2,572).

1. Net income/(expenditure) for the year - Group

Auditors remuneration: - Miss Elizabeth Kibble’s Trust - Subsidiaries - Prior year over accrual Depreciation Interest payable Net (gain) on disposal of tangible fixed assets Operating lease rentals

(2,290) (33,828) 163,346 137,876

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MISS ELIZABETH KIBBLE’S TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
15. Government grants — group
Included within income from charitable activities are the following government grants:
Scottish Government - £302,996 (2024: £276,265) - Funding for Interventions for Vulnerable
Youth project.
Scottish Government/Inspiring Scotland - £20,285 (2024: £40,570) - Funding for the Survivors
of Childhood Abuse Fund to increase the capacity of the SIS team to improve outcomes for
care experienced young people who are survivors of childhood abuse.
Scottish Government/Inspiring Scotland - 2024 - £59,679 (2024: £nil) — To provide therapeutic
and wellbeing support to young adults who are survivors of childhood abuse.
Scottish Government — Secure Care Adaptions Grant - £12,934 (2024: £45,000) — Towards
adaptions to the secure care environment.
Scottish Government/Impact Funding Partners — Social Isolation and Loneliness Fund -
£22,440 (2024: £13,116) — Helping young care leavers to connect to their community,
addressing social isolation and loneliness.
Scottish Government/Inspiring Scotland — Delivering Equality Safe Fund - £27,605 (2024:
£36,289) — Supporting priorities of the Equity Safe Strategy.
National Lottery Community Fund — Improving Lives - £9,000 (2024: £9,000) — Supporting
young people in care through interventions and activities.
National Lottery Community Fund — Improving Lives — £65,155 (2024: £22,804) — Creating
opportunities for community connections and providing family and sports activities.
Scottish Government Victim Centred Approach Fund - £156,202 (2024: £168,257) -
Community facing project offering support to young people and families affected by crime.
Scottish Government/Corra Foundation — The Promise Partnership Diagnostic Route - £Nil
(2024: £10,632) — Partnering with Aberlour to challenge the use of restraint and share findings
sector-wide.
Scottish Government/Creative Scotland — Youth Music Initiative - £11,730 (2024: £nil) —
Provision of access to high quality music making opportunities for young people.
There were no unfulfilled conditions or conditions attached to these grants.
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MISS ELIZABETH KIBBLE’S TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

1. Tangible Fixed Assets - Group Freehold Fixtures, Assets Land and Motor Fittings & Under Buildings Vehicles Equipment Construction Total Cost or valuation £ £ £ £ £ At 1 April 2024 30,355,796 854,263 3,556,740 905,248 35,672,047 Additions 278,081 237,250 356,293 462,949 1,334,573 Disposals - (100,075) - - (100,075) Transfers ~~835,892 - - (835,892) -~~ At 31 March 2025 31,469,769 991,438 3,913,033 532,305 36,906,545 At 1 April 2024 19,931,753 745,804 2,345,204 - 23,022,761 Charge for the year 1,319,749 132,666 447,268 - 1,899,683 Eliminated on disposals ~~(98,132) - - (98,132)~~ At 31 March 2025 21,251,502 780,338 2,792,472 - 24,824,312 At 31 March 2025 10,218,267 211,100 1,120,561 532,305 12,082,233 At 31 March 2024 ~~10,424,043 108,459 = 1,211,536 905,248 12,649,286~~ 16. Tangible Fixed Assets - Charity Land & Buildings Total Cost or valuation £ £ At 1 April 2024 4,080,342 4,080,342 Additions ~~a~~ At 31 March 2025 4,080,342 4,080,342 At1 April 2024 1,136,113 1,136,113 Charge for the year 163,214 163,214 At 31 March 2025 1,299,327 1,299,327 At 31 March 2025 2,781,015 2,781,015 At 31 March 2024 2,944,229 2,944,229

2. Tangible Fixed Assets - Charity

At 31 March 2025 all fixed assets were used for charitable purposes.

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MISS ELIZABETH KIBBLE’S TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

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17. Investments
Group Charity
2025 2024 2025 2024
£ £ £ £
Investments in Subsidiaries 300 300 - -
Programme related investments 400,089 400,089 - -
Listed investments 2,349,449 2,254,384 - -
2,749,838 2,654,773 - -
2025 2024
£ £
Movement in fixed asset listed investments
Purchase of investments at cost 2,216,946 1,994,165
Additions 447,585 938,307
Disposals of investments (377,804) (886,995)
Revaluation in the year 34,264 171,469
Market value as at 31 March 2025 2,320,991 2,216,946
Investments at fair value comprised: 2025 2024
£ £
Cash held within the investment portfolio 28,458 37,438
Equities 2,320,991 2,216,946
2,349,449 2,254,384
The charity is the sole member of Kibble Education and Care Centre, a registered Scottish
charity. Kibble Education and Care Centre is the sole member of KibbleWorks, a registered
Scottish charity. In turn, KibbleWorks owns the entire ordinary share capital, 100 shares of £1
each, of three subsidiaries; Kibble Construction Limited, Kibble Campus Developments
Limited and Kibble Trading Limited. All three subsidiaries of KibbleWorks have been dormant
throughout this year and last. Full details of Kibble Education and Care Centre and
KibbleWorks are given in note 4.
Kibble Education and Care Centre holds a 27.5% shareholding in The St Mirren Football Club
Ltd in order to further the group's charitable aims by enhancing education, training and
employment opportunities for our young people. This investment brings multiple benefits to
the charity, including addressing local deprivation and exclusion through youth employment,
community engagement, initiatives and activities.
18. Stock - Group
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Stock

2025 2024 £ £ 3,780 965 3,780 965

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MISS ELIZABETH KIBBLE’S TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 19. Debtors

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Group Charity
2025 2024 2025 2024
£ £ £ £
Trade debtors 4,966,346 2,858,130 - -
VAT debtor 5,247 14,323 - -
Other debtors and prepayments 308,736 400,642 - -
Due from performance related
investments 19,357 13,025 - -
5,299,686 3,286,120 - -
20. Creditors: amounts falling due within one year
Group Charity
2025 2024 2025 2024
£ £ £ £
Trade creditors 554,663 350,693 - -
Other taxes and social security 1,781,239 729,079 - -
Other creditors and accruals 1,364,205 1,198,449 4,800 4,410
Deferred income (Note 21) 50,149 51,009 - -
Due to group undertakings - 11,655 84,091 68,529
3,750,256 2,340,885 88,891 72,939
21. Deferred income
Group Charity
£ £
Balance as at 1 April 2024 51,009 -
Amount released to income earned from charitable activities (51,009) -
Amount deferred in year 50,149 -
Balance as at 31 March 2025 50,149 -
Deferred income comprises £50,149 of grant income received in advance of the year to 31
March 2026.
22. Creditors: amounts falling due after more than one year
Group Charity
2025 2024 2025 2024
£ £ £ £
Due to group undertakings 2,030 2,030 1,861,469 1,958,889
2,030 2,030 1,861,469 1,958,889
Analysed as: £ £ £ £
Within 1-2 years 2,030 2,030 1,861,469 1,958,889
2,030 2,030 1,861,469 1,958,889
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MISS ELIZABETH KIBBLE’S TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 23. Analysis of restricted funds — Group

As at 31 As at 1 March April 2023. Income Expenditure Transfers 2024 £ £ £ £ £ Miss Elizabeth Kibble’s Trust Fixed Assets ~~280,190 - (11,208) - 268,982~~ Total charity restricted funds 280,190 - (11,208) - 268,982 Kibble Education and Care Centre Ably Resources 150 - - - 150 Fairlie Parish Church 343 - - - 343 Fixed Assets 931,491 - (377,540) - 553,951 The National Lottery Community Fund — Early Action System Change in Renfrewshire 3,000 - - - 3,000 The Elizabeth Frankland Moore and Star Foundation — Funding for Expressive Arts Activities - - (3,670) 3,670 - Peter Brough Bequest Fund 1,000 - - (1,000) - Scottish Government — IVY - 276,265 (276,265) - - Scottish Government — VCAF - 168,257 (168,257) - - The National Lottery Community Fund — Improving Lives - NYL - 9,000 (9,000) - - Scottish Government/ Inspiring Scotland - Survivors of Childhood Abuse Support Fund - 40,570 (40,570) - - Schuh Trust — Creative Connections - - (521) 521 - Cignpost Diagnostics 665 - (665) - - Creative Scotland - Youth Arts Access Fund 454 - 2,737 (3,191) - Renderworks 500 - - - 500 Scottish Government/Corra Foundation -The Promise - 10,632 (10,632) - - Scottish Government/ Inspiring Scotland - Delivering Equally Safe Fund - 36,289 (36,289) - - Garfield Weston Foundation - 20,630 (20,630) - - Invest in Renfrewshire - 4,418 (4,418) - - National Lottery Community Fund — Improving Lives - 22,804 (22,804) - - Scottish Government — Secure Care Adaptions - 45,000 (45,000) - - Scottish Government/Creative Scotland — Youth Music Initiative - 14,651 (14,651) - - Scottish Government/Impact Funding Partners — Social Isolation and Loneliness Fund ~~13,116 (13,116) - -~~ Total Group restricted funds ~~1,217,793 661,632 (1,052,499) - 826,926~~

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MISS ELIZABETH KIBBLE’S TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

1. Analysis of restricted funds — Group (continued)

As at 31 As at 1 March April 2024 Income Expenditure Transfers 2025 £ £ £ £ £ Miss Elizabeth Kibble’s Trust Fixed Assets ~~268,982 - (10,759) - 258,223~~ Total charity restricted funds 268,982 - (10,759) - 258,223 Kibble Education and Care Centre Ably Resources 150 - - - 150 Fairlie Parish Church 343 - - - 343 Fixed Assets 553,951 - (377,540) - 176,411 The National Lottery Community Fund — Early Action System Change in Renfrewshire 3,000 - - - 3,000 Scottish Government — IVY - 302,996 (302,996) - - Scottish Government — VCAF - 156,202 (156,202) - - The National Lottery Community Fund — Improving Lives - NYL - 9,000 (9,000) - - Scottish Government/ Inspiring Scotland - Survivors of Childhood Abuse Support Fund (2024) - 67,844 (59,679) - 8,165 Scottish Government/ Inspiring Scotland - Survivors of Childhood Abuse Support Fund - 20,285 (20,285) - - Renderworks 500 - - - 500 Scottish Government/ Inspiring Scotland - Delivering Equally Safe Fund - 27,605 (27,605) - - National Lottery Community Fund — Improving Lives - 100,719 (65,155) - 35,564 Scottish Government — Secure Care Adaptions - 12,934 (12,934) - - Scottish Government/Creative Scotland — Youth Music Initiative - 11,730 (10,744) - 986 Scottish Government/Impact Funding Partners — Social Isolation and Loneliness Fund - 22,440 (22,440) - - Kibbleworks Renfrewshire Council — Renfrewshire Local Employability Partnership - 7,903 (7,903) - - Total Group restricted funds ~~826,926 739,658 (1,083,242) - 483,342~~

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MISS ELIZABETH KIBBLE’S TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
23. Analysis of restricted funds — Group (continued)
Restricted funds comprise:
Ably Resources — Donation to be used for Christmas presents within Arran Villa.
Fairlie Parish Church — Donation to be used within Arran Villa.
Fixed Assets — Represents the Net Book Value of the charity's tangible fixed assets which
have a continuing restriction.
The Elizabeth Frankland Moore and Star Foundation - Funding for expressive arts
activities.
Peter Brough Bequest Fund - Funding for Safe Centre school music equipment.
Scottish Government — Interventions for Vulnerable Youth (IVY) — Promoting best practice
in supporting young people, presenting a risk of harm to others.
The National Lottery Community Fund — Improving Lives — NYL — Supporting young
people in care (aged 5-12) through therapeutic interventions and activities.
Scottish Government/ Inspiring Scotland - Survivors of Childhood Abuse Support Fund
(2024) — Providing therapeutic and wellbeing support to care experienced young adults who
are survivors of childhood abuse.
Scottish Government/ Inspiring Scotland - Survivors of Childhood Abuse Support Fund
— To increase the capacity of SIS to improve outcomes for care experienced young people
who are survivors of childhood abuse.
The National Lottery Community Fund — Improving Lives — Creating opportunities for
community connections and providing family and sports activities.
Scottish Government/ Impact Funding Partners — Social Isolation and Loneliness Fund
— Helping young care leavers to connect to their community, addressing social isolation and
loneliness.
Schuh Trust — Creative Connections — Facilitating the delivery of digital arts activities.
Cignpost Diagnostics — Donation received towards the Creative Connections Project.
Creative Scotland - Youth Arts Access Fund - Supporting delivery of music-making
sessions.
Renderworks — Funding football tops for young people.
Scottish Government/Corra Foundation -The Promise Partnership Diagnostic Route —
Partnering with Aberlour to challenge the use of restraint and share findings sector-wide.
Scottish Government/ Inspiring Scotland - Delivering Equally Safe Fund — Supporting
priorities of the Equally Safe Strategy.
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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F32BE7F8FDE

MISS ELIZABETH KIBBLE’S TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

1. Analysis of restricted funds — Group (continued) Scottish Government — Secure Care Adaptions Grant — Towards adaptions to the secure care environment. The National Lottery Community Fund — Early Action System Change in Renfrewshire — Exploring systems change and system thinking in relation to early action in Renfrewshire. Scottish Government — Victim Centred Approach Fund — Community facing project offering support to young people and families affected by crime. Garfield Weston Foundation — Supporting therapeutic delivery by Specialist Intervention Services Invest in Renfrewshire — Funded job placements for over 25’s with additional barriers to employment.

Scottish Government/Creative Scotland — Youth Music Initiative — Access to high quality music making opportunities for young people. Renfrewshire Council — Renfrewshire Local Employability Partnership — supporting unemployed young people in Renfrewshire with future career direction. 24. Analysis of unrestricted funds — Group

As at 31 As at 1 March April 2024 Income Expenditure Gains Transfers 2025 £ £ £ £ £ £

Designated funds Miss Elizabeth Kibble’s Trust Tangible Fixed Assets 2,675,246 - 119,219 - - 2,556,027 Kibble Education and Care Centre Tangible Fixed Assets 8,395,680 - 1,617,461 - 1,672,457 8,450,676 Community Property 400,000 - - - - 400,000 Campus Property 1,000,000 - - - (500,000) 500,000 Wellbeing Centre 500,000 - - - - 500,000 New Service Provision 4,000,000 - - - - 4,000,000 Legal Fees 300,000 - 223,098 - (76,902) - Digitalisation 500,000 - - - - 500,000 Safe Centre Dilapidations 500,000 - - - - 500,000 18,270,926 - 1,959,778 - 1,095,555 17,406,703 General charitable funds ~~9,016,627 48,009,393 43,320,547 32,758 (1,095,555) 12,642,676~~ 27,287,553 48,009,393 45,280,325 32,758 - 30,049,379

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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F32BE7F8FDE MISS ELIZABETH KIBBLE’S TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 24. Analysis of unrestricted funds — Group (continued) As at 31 As at 1 March April 2023 Income Expenditure Gains Transfers 2024 £ £ £ £ £ £ Designated funds Miss Elizabeth Kibble’s Trust Tangible Fixed Assets 1,974,787 - (119,219) - 819,678 2,675,246 Kibble Education and Care Centre Tangible Fixed Assets 6,453,986 - (1,370,127) - 3,311,821 8,395,680 Community Property 400,000 - - - - 400,000 Campus Property 1,000,000 - - - - 1,000,000 Wellbeing Centre 500,000 - - - - 500,000 New Service Provision 4,000,000 - - - - 4,000,000 Digitalisation 500,000 - - - - 500,000 Legal Fees - - - - 300,000 300,000 Safe Centre Dilapidations 500,000 - - - - 500,000 15,328,773 - (1,489,346) - 4,431,499 18,270,926 General charitable funds ~~9,608,185 43,849,316 (40,194,709) 185,334 (4,431,499) 9,016,627 24,936,958 43,849,316 (41,684,055) 185,334 - 27,287,553~~

The Trustees have designated the following: Tangible Fixed Assets (Miss Elizabeth Kibble’s Trust) — Represents the net book value of the charity’s unrestricted assets. The transfer made in the year represents the net movement in the tangible fixed assets and loan balances, net of depreciation

Tangible Fixed Assets (Kibble Education and Care Centre) — Represents the net book value of the charity’s unrestricted assets less applicable loans. The transfer made in the year represents the net movement in the tangible fixed assets and loan balances, net of depreciation Community property — We are planning to develop a community care facility within 6 months of this financial year end

Campus Property — We are converting a building on campus into a new residential house. Transfer from general funds in the year to fund this project Wellbeing Centre — This fund will be for the development of a Wellbeing Centre

Safe Centre Dilapidations — We are planning to build two new houses on campus. New Service Provision — This fund will be for setting up new services within the Kibble Group Digitalisation — This will be used for the upgrading of ICT systems

Legal Fees — This will be used for legal fees incurred for the Scottish Child Abuse Inquiry.

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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F 32BE7F8FDE

MISS ELIZABETH KIBBLE’S TRUST

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
25. Net assets over funds - Group
Unrestricted Restricted Total
Funds Funds 2025
£ £ £
Fixed assets 11,647,599 434,634 12,082,233
Investments 2,749,838 - 2,749,838
Stock 3,780 - 3,780
Debtors 5,299,686 - 5,299,686
Cash at Bank and in hand 14,100,762 48,708 14,149,470
Creditors due in less than one year (3,750,256) - (3,750,256)
Creditors due in more than one year (2,030) - (2,030)
30,049,379 483,342 30,532,721
Unrestricted Restricted Total
Funds Funds 2024
£ £ £
Fixed assets 11,822,360 826,926 12,649,286
Investments 2,654,773 - 2,654,773
Stock 965 - 965
Debtors 3,286,120 - 3,286,120
Cash at Bank and in hand 11,866,250 - 11,866,250
Creditors due in less than one year (2,340,885) - (2,340,885)
Creditors due in more than one year (2,030) - (2,030)
27,287,553 826,926 28,114,479
26. Operating lease commitments — Group Group
The group had annual commitments under non-cancellable leases in respect of land and
buildings as set out below:
2025 2024
£ £
Operating leases which expire:
Within one year 244,269 233,233
Between two and five years 611,207 750,020
More than five years 449,480 561,850
1,304,956 1,545,102
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----- Start of picture text -----
26. Operating lease commitments — Group Group
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The group had annual commitments under non-cancellable leases in respect of land and buildings as set out below: 2025 2024 £ £ Operating leases which expire: Within one year 244,269 Between two and five years 611,207 More than five years 449,480

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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F32BE7F8FDE

MISS ELIZABETH KIBBLE’S TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 27. Reconciliation of net movement in funds to net cash flow from operating activities Group 2025 2024 £ £ Net income for the year 2,385,484 1,774,394 Adjustments for: Depreciation charges 1,899,683 1,603,653 Net (gain) on disposal of fixed assets (2,290) (33,828) (Increase)/Decrease in stock (2,815) 3,001 (Increase)/Decrease in debtors (2,013,566) 77,382 Increase/(Decrease) in creditors 1,409,371 (325,397) Interest payable - 906 Interest receivable ~~(562,289) (431,505)~~ Net cash provided by operating activities 3,113,578 2,668,606 Charity 2025 2024 £ £ Net expenditure for the year (40,820) (24,757) Adjustments for: Depreciation charges 163,214 130,426 (Decrease)/Increase in creditors (81,468) 753,091 Interest payable 36,926 18,600 Interest receivable ~~(1,492) (980)~~ Net cash provided by operating activities 76,360 876,380

1. Analysis of cash and cash equivalents

Group Charity 2025 2024 2025 2024 £ £ £ £ Cash at bank and in hand 14,149,470 11,866,250 143,111 102,185 14,149,470 11,866,250 143,111 102,185

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Docusign Envelope ID: BBB8053F-9A1D-447B-AE3B-6F 32BE7F8FDE

MISS ELIZABETH KIBBLE’S TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

1. Pension Schemes

Kibble Education and Care Centre participates in the Strathclyde Pension Fund, which is a career revalued actual pension scheme. The most recent full actuarial valuation of the whole SPF scheme was at 31 March 2023. This revealed a shortfall of assets compared with a value of liabilities for the whole SPF scheme of approximately £38 million, on a fund value of £20.8 billion, using the following assumptions:

% per annum

Expected return on assets

Salary increases

3.00 3.45

Pension increases

2.75

Discount rate

5.80

The pension cost is assessed every three years in accordance with the advice of a qualified independent actuary. Liabilities are valued on an actuarial basis using the projected unit method, which assesses the future liabilities discounted to their present value. Under the definitions set out in Financial Reporting Standard 102, the Strathclyde Pension Fund is a multi-employer pension scheme. The scheme’s actuaries had previously stated that it had been possible to identify each employer’s share of the underlying assets and liabilities on a consistent and reasonable basis however subsequent enquiry has revealed that whilst liabilities can be specifically allocated, the share of assets has been attributed on a pro-rata basis. The Charity has therefore decided to take advantage of the exemption afforded by FRS 102 and has accounted for its contributions to the scheme as if it were a defined contribution scheme.

The level of contributions paid in the year ended 31 March 2025 is 17.6% and the pension costs to the company were £1,699,000 (2024: £1,839,000).

1. Capital Commitments

Group Charity 2025 2024 2025 2024 £ £ £ £ Construction project 13,113 - - - 13,113 - - -

1. Post Balance Sheet Events The Trust has initiated the process of conversion to a Scottish Charitable Incorporated Organisation (SCIO). At the date of signing of these financial statements this process had not yet been finalised.

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