Registered Charity Number SC040864 Registered Company Number SC365591 IrAfr T R U S T KIRAN'S TRUST Report and Accounts For The Year Ended 31 December 2025 Sarah Grant B.A,FCCA. Chartered Certified Accountant Suite 26 Bonnington Bond 2 Anderson Place Leith EH6 SNP
KIRAN'S TRUST Report and accounts Contents Page Charity and Company inforn]ation Trustees, Report Independent Examiner's report Statement of Financial Activities Balance sheet Notes to the financial statements 10 11 12~15
KIRAIY'S TRUST Company Information Directors J A Martin MKShort H Brown Secretary J A Martin Accountants Sarah Grant, BA. FCCA. Suite 26 Bonnington Bond 2 Anderson Place Leith EH6 5NP Bankers Bank of Scotland 75 George Street Edinburgh EH2 3EW Solicitors Currie Gilmour & Co Suite 3, Thain House 226 Queensferry Road Edinburgh EH4 2BP Registered office 7 Champany Holdings Blackness EH49 7NR Charfity number SC040864 Company number SC365591
KIRAN'S TRUST The report of the trustees for the year ended 31 December 2025 Introduction The Directors, who are the chlty trustees for the purposes of Charity Law, have pleasure in presenting their annual rcport and accounts foi" the year ended 3 1st Deccmber 2025. The directors are satisfied with the perfoimance of the charity during the year and the position at 31 st December 2025 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charitys assets are adequate to fulfil its obligations. Name, registered office and constitution of the charity The full name of the charity is Kiran's Trust The legal registration details are :_ Company Registration Number The Registered Office is Charity Registration Number SC365591 7 Champany Holdings, Blackness. EH49 7NR SC040864 Directors The followiiig dll"ectors seived fi'om l January 2025 J A Martin M K Shoit H Brown Objectives and Activities of the Charity Summary of main activities and achievment of the charity in relation lo its objects during the year The objectives of the charity are to provide young people in Scotland with opportunities to advance their education and participation in creative expression and sport. These are achieved by providing support and access to tuition, scholarships, awards, and materials in the vaiious creative arts, including but not limited to art, music, writing, and drama, as well as sporting activities. We work with local schools and recognised youth organisations to ensure both need and talent are equally considered and assisted.
KIRAN'S TRUST The report of the trustees for the year ended 31 December 2025 Summary of main activities and achievment of the charity in relation to its objects during the year (cont) Falkirk Area Larbert High School, Kiran's f0rn1er secondary school, is a positive and proactive outlet for Kiran's Trust to support creative arts education. Four school prizes are awai.ded each year (£25 voucher, along with trophies valued at £10 each) in the subjects of creative art and design, music, creative writing, and the Jessie Kidd Award for Photography. Kiran's Trust increased the number of scholarships from two to four such that we could provide support for early secondary school pupils as well as the senior secondary school pupils (£1 00). Kiran's Trust provided funding for several of the school's music groups. For the Piping Academy (£500), we bought 6 chantei's for the prIMY school liasons, and awarded two youg pipers some fmancial support li towards thc purchase of pipes. The School of Rock and Pop are using their funds (£1,000) to convert a spare room in the school into a purpose made practice room/studio. Kelsi Sti"ang, an Art and Design probationei. at Graeme High School, approached Kiran's Trust in March to see if we could assist her with two clubs she wished to run. An arts game club where they play diffei'ent drawing games and a fashion club. Our suppoit (£200) was used to covei" the cost of some art games and minaturc fashion supplies. Esther Kallow received a grant (£IOOO) towards the National Youth Orchestra of Great Britain after she was selected again for 2025. Kii'an's Trust sponsored the Tryst Community Sports Club Awards event programme and SPOTY Award (£260). Forth Valley Sensory Centre received £300 for materials and tuition to create Christmas crafts for their annual Winter Fayre. Carrongrange High School split th¢ir funding b¢twcen the Music and Physical Education Departments. Music ordered some percussion instruments that ar¢ accessible to all for their Christmas Carol Singing. PE ordered two sound blasters to support more inclusive yoga and dance sessions as well as Scottish county dancin% lessons. Edinburgh Area Through our longstanding association with Edinburgh International Magic Festival (Magic Fest), we are one of the supporting partners of Shape Shifters (£IOOO). Shape Shifters is joyful magical dance adventure for children aged 3+. In a world full of colours, textui'es, and suiyrises, Shape Shifters invites young audiences on a joyful journey of play, transforn]ation. and finding youi. own sparkle. Kiran's Trust contributed to a bursary at St. Mary's Music School (£500). WHALE (Wester Hailes) continue to run their weekly youth arts outreach project, Street Arts. We were pleased to support (£IOOO) the programme that provides space foi. ci"eativity, agency and self-expression foi" children who arc having to deal with the impact of increasingly challenging local environment. Kiran's Trust funded two plac¢s (£200) for 25 weeks of the Best Bib 'n' Tucker Kids Craft Club.
KIRAN'S TRUST The report of the trustees for the year ended 31 December 2025 Summary of main activities and achievment of the charity in relation to its objects. during the year (cont) Argyll and Bute Area Once again we were very pleased to suppoit events in Lochgoilhead Primary School. There was quite a range of creative and educational activities Kiran's Trust helped to support this year. The piano lessons with a concert pianist continued in 2025 (£864). We also made sure there was another year of the Calm Kids programme (£600) as last year's feedback was the children benefitted hugely socially, emotionally and academically. Calm Kids is a programme that Joni Brown delivers within schools throughout Cowal. (Cowal is a peninsula in Argyll and Bute, on the west coast of Scotland). Based on the 'Zones of Regulation,, Joni is a trauma-inforn]ed yoga teach¢r who uses yoga and therapeutic movement to explore emotional literacy with children from 3 to I l years old. The programme includes relevant worksheets. stories and puppets. This was a six-week programme tailored to suit the needs of Lochgoilhead pupils in ELC (Age 2-5: 6 pupils); Wee Class (P l-P4: 14 pupils) and the Big Class (P5-P7: 14 pupils). Linlithgow Area Linlithgow Amateur Musical Production (LAMP) is committed to enriching the community through high- quality entertainment and pi'oviding a nuituring environment for performers of all ages. The company features both an adult company and a children's theatre, each presenting a major production every April (Children) and October (Adults). We supported the children's productions of The Little Mern]aid (£lOOO). Other Areas Lyn Sutherland continues to provide much needed art classes in the Tulliallan area. We have supported her endeavours to Nn small classes for young people in her own home (£500). This set of projects have been very successful in helping these young kids learn good basic art, which they can grow from. This year was Tulliallan Primary School's 50th anniversary. So we got behind a project to make peg dolls wearing clothes for each of the five decades. It was such a success that even parents got involvedl ! ! Earlier in the year we were appi'oached by Alva Academy's Additional Support Needs department to assist in purchasing equipment (£500) required to help with supporting the young people in this department. This included items such as a sensoiy spinning chair and sensory wall. Kiran's Trust collaborated with Silly Wee Films in the production of a short film starring Larbert High School graduate Lily McGuire. Faithful, is a short film (18 mins) - 13 year old Vaila sets out into the scary Scottish woods after lights out to find the mythical Cii-sith, a Grim Reaper fairy dog, in the hopes of finding the portal to the Otherworld and rescuing her mothei.. We also worked with Producer Fraser Coull to give several young people a chance to work on his current project. We supported (£400) an actress, make up artist, and photographer with their time, materials, and expenses. National The Scottish Young Carers Festival is an annual event funded by the Scottish Government that provides young carers with the opportunity to have fun, meet new friends, offer a meaningful break from their caring responsibilities, as well as the chance to share their thoughts on key issues impacting their lives. Kiran's Trust has supported (£IOOO) this amazing event for nine yeai"s.
KIRAN'S TRUST The report of the trustees for the year ended 31 December 2025 Summary of main activities and achievment of the charity in relation to its objects during the year (cont) Fundraising and Sponsors In 2025, we had donations fi.om friends in the UK and abi"oa(L and thr¢¢ make a recurring monthly paymcnt to Kii'an's Trust. Director Meredith Short participated in her employer's To. de France challenge, where teams are set the challenge of completing each stage of the Tour de France as a group. Thankfully, Meredith's team did just that and Ineos donated £1 000 to Kiran's Trust as their chosen charity. The directors rccognise the importance of diversity in how we raise funds and as such have a vai'iety of platfonns available. There is a Kiran's Trust 'shop' on eBay (PayPal), where we sell new or second-hand items. Director johnny Martin has turned his hand to restoration of musical instruments and motorcycle parts and tools. Some of the musical instruments have been donated while othei"s are sold to raise funds. Kiran's Trust also actively uses EasyFundraising. Kiran's Trust is registered with the Charities Aid Foundation (CAF). They provide a facility to make one~off donations, reCTIng donations, and campaign pages. As a charity themselves, they understand the kind of support charities need, and for those of you in the UK, they process all Gift Aid payments, and there is only a small fee charged per transaction. The Kiran's Trust website (www.kiranstrust.org) provides infonnation regarding the charity, about Kiran (and some of her artwork), objectives and funding, upcoming fundraising events, and access to newsletters and company reports. The Gallery section provides past and cuent scholars a location to display their woi"k. The new virtual gallery allows us to exhibit collections in a more interactive way. Inforn]ation outlets are provided via direct maivemail of newsletters, Twitter and InstsgranL The directors express their gratitude to the many individuals who have become Friends, made donations, and attended or supported fundraising events. The directors also wish to acknowledge the support of IDEAS for our virtual platform. Plansforfutureperiods The Directors, feel that the recent years, activity set of sponsorship and fundraising is reflective of our future goals and abilities and will maintain this for the next few years. Structure, Governance and Management Nature of the Governing Document and constitution of the charity Kiran's Trust is a company limited by guarantee, and is governed by the regulations set out in the memorandum and articles of association, incorporated on 15 September 2009, and is recognised as a charity by the Office of the Scottish Charity Regulator. The directors meet in person for an annual general meeting and conduct business thi'oughout the year via email, videoconference and in person as required. The directors, on behalf of Kii'an's Trust, award prizes, scholarships and support in the area of creative arts. design, music and writing, and for participation in Taekwondo. The recipients are selected by the administrative staff within those organisations to which Kiran's Trust provides support.
KIRAN'S TRUST The report of the trustees for the year ended 31 December 2025 Training of Directors/Trustees Directors, training in developments affecting the charity's areas of activity is addressed as part of the directors, meetings. All directors are familiar with the work of the charity. If there are any areas where additional training is required this would be discussed at a directors, meeting and a suitable solution identified. The major risks to which the charity is exposed and reviews and systems to miligate risks The Directoi-s have used this time to review vai.ious company requirements including policies for privacy and safeguarding. We are data protection certified, and the Scottish Business Resilience team have completed a review and certified us. All documentstion pertaining to this activity is lodged on the company section of the website. The directors have assessed the major risks to which the charity is exposed, in particular those related to the operation and fmances of the charity and are satisfied that systems are in place to mitigat¢ their exposure. Availability and adequacy of assets of each of thefunds The board of tn]stees is satisfied that the charitys assets in each fund ai"e available and adequate to fulfil its obligations in respect of each fund. Transactions and Financialposition The financial statements are set out on pages l O to 15. As stated in the introduction to this I"epor( the trustees consider the financial perforn]ance by the charity during the year to have been satisfactory. The Statement of Financial Activities show net incoming resources for the year of £13,049 (piior year £10,144). The resources expended were £15,037 (prior year £8,654), giving a deficit of £1,988 (prior year surplus £1,490). The total reserves at the year end stand at £37.123 (prior year £39,111). Free unrestticted reserves amounted to £30,723 (prior ye. £32,711). Thcsc reserves are held to ensurc that the CoMpanS commitments to their scholarships and prizes are able to be fulfilled until such time as 11 additional funding can be put in place. The designated reserves amounted to £6,400 (prior year £6,400). These ar¢ set aside for use during the next financial year to ensure that commitments are met. Share Capital The company is limited by guarantee and therefore has no share capital. The members of the Board of Trustees of the Charity during the year ended 31st December 2025 Ivere :. J A Martin MKShort H Brown Independent Examiner Sarah Grant, BA. FCCA. Chartered Certified Accountant Suite 26 Bonnington Bond 2 Anderson Place Leith EH6 6SB
TRI"ST The rport of th• tTr•l••• for lh• v•ar •Ad•d 31 D•t•mb•r 2023 lattll)eAI of Dlr•¢eorJ' And '[ RPonbIl1•O exh fCl >tar fAir VKW of the Jijle of affairn of the Ch'ty al * the end o( the rtswKiAI yev wxl of yurplub detkit ofthe chKit>. In FYepKin8 fu11 the &)ffd h rnquirod :. ror saf¢8uffdAno the of thc clwity and ((Y tain8 fLV the lethod of pr•prtlofi of •¢eounts M K .4hort Dlr•c¢or and I"rn•¢
KIRAN'S TRUST Independent Examlner's Report to the trustees of the charity on the accounts of the Charity for the year ended 31 December 2025 I report on the financial statements of the Charity on pages 10 to 15 for the year ended 31 December 2025 which have been prepared in accoi"dance with the Chai'ities and Trustee Investment (Scotland) Act 2005 (The 2005 Act) and the Charities Accounts (Scotland) Regulations 2006 (The 2006 Accounts Regulations) and with the Financial Reporting Standard for Smaller Entities (FRS102), cffective January 2016, as modified by the Charities SORP (FRS102), under the historical cost convention and the accounting policies set out on page 12. Respective responsibilities of trustees and examiner The Chariws trustees, who are also the directoi"s of the company for the purposes of company law, are responsible for the preparation of the accounts in accordance with the tern]s of The 2005 Act and The 2006 Accounts Regulations. The charity trustees consider that the audit requirement of Regulation 10(1 ) (a) to (c) The 2006 Accounts Regulations does not apply. Having satisfied mysef that the chai.ity is not subject to audit undei" company or charity law, or otherwise, and is eligible for independent examination, it is my responsibility to examine the accounts as required under section 44(1) (c) of The 2005 Act and to state whether particular matters have come to my attention. Basis of opinion and scope of work undertaken I conducted my examination in accordance with Regulation I l of The 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of thc accounts pi-esented with those records. It also includes considei"ation of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and infonnation supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below. I planned and perfornied my examination so as to satisfy mysclf that the objectives of the independent examination are achieved and before fmalising the report I obtain written assurances from the trustees of all material matters.
KIRAN'S TRUST Independent Examiner's Report to the trustees of the charity on the accounts of the Charity for the year ended 31 December 2025 (Cont) Independent Examiner's Statement, report and opinion Subject to the limitations upon the scope of my work as detailed above , in connection with my examination , I can confirni that no matter has come to my attention: l. Which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the Accounts Regulations, and . to prepare accounts which accord with the accounting records and comply with Regulation 8 of The Accounts Regulations have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. I can also confTh that this is a report under section 44(1) (c) of The 2005 Act. Sarah Grant, BA. FCCA. Chartered Certified Accountant Suite 26 Bonnington Bond 2 Anderson Place EH6 5NP s_+ The date upon which my opinion is expressed is :_ 28 February 2026
KIRAN'S TRUST Statement of Flnanclal Actlvltles (Incorporating Income and Expenditure Account) for the year ended 31 December 2025 UnrestrictedRestrlcted Total Last Year Funds Funds Funds Total Funds Notes 2025 2025 2025 2024 Incoming resources Incoming resourcesfrom generatedfunds Voluntary Income Activities for generating funds Inv¢stmcnt Incomc 9,829 2,892 1,121 9,829 2,892 1,121 4,045 3,980 1,153 Total incoming resources 13,049 1.1,049 10,144 Costs ofgeneratingfunds Costs of generating voluntary income Costs of chan"table activities Governance costs 1,209 392 350 1,209 13,478 350 1,636 6,668 350 13,086 Total resources expended 1,951 13,086 15,037 8,654 (Net outgoing resources)/net incoming resources before transfers between funds 11,098 (13,086) (1,988) 1.490 Gross transfers between funds (13,086) 13,086 (Net outgoing resources)/net incoming resources before Other recognised gains and losses (1,988) (1,988) 1,490 Other recognised gains and losses Net movement in funds (1,988) (1,988) 1,490 Reconciliation of funds Totalfunds broughtforward 32,711 6,400 39,111 37,621 Total Funds carried forward 30,723 6,400 37,123 39,111 The Statement of Financial Activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. 10
I4[RA4.5 TRI"ST C"ompaTr)' %umb•r SL 305591 at 31 D•e•rnb•r 20L 2025 2024 C"urr•nt aJJ•ts 4? .17.047 37.4", 3 Cash * bank fftl In hatkl To1 c4fre ojets 39.461 311.401 C'r•dh•n:. (350) (350) ei ciirreMI assets 37.1?3 39.111 To1 assets lem cMrpea liabilil•e4 37.123 39.111 37.123 39.111 l Thr••lrlrted IAcom• fumd• 30.723 6.4110 31711 l otAI chArltTr' fvnd• 37.123 39,111 ll dirnGm v¢ tha fLY the oo 31 ?U?S the clKn8bh LxYw)MTh.' WA• the c7wi aThJ Inth• In1MM (Sc4AW> Aa ?(X)5. the hAlf ewnirnd by The dr¥(1) their rr4xxMayility f(Y o4npl%in8 with the of the I k .4hort I'rni•• Apprth•d b). ¢h• bo•rd of tr¥•t••• om 28 fr•brry 2026
KIRAN'S TRUST Notes to the Accounts for the year ended 31 December 2025 l Accounting policies Basis ofpreparation of the accounts The financial statements have been prepared in accordance with the Statement of Recommended Practice. Accounting and Reporting by Charities (Revised 2005), applicable accounting standards and the Companies Act 2006. The company has taken advantage of the exemption from the requirement to produce a cash flow ststement, on the grounds that it is a small company. Accounting convention The financial statements are prepared, on a going concern basis, under the historical cost convention. Jiicoming Resources and resources expended Incoming resources are accounted for on a receivable basis. Resources expended are recognised in the period in which they are incurred. Governance costs include the general running expenses of the company and consist mainly of those relating to statutory requirements. Investment Income Bank Interest received is included on an actual receipts basis. Taxation As a registered charity, the company is exempt from income and corporation tsx to the extent that its income and gains ar¢ applicable to charitable purposes only. Value Added Tax is not recoverable by the company. and is thei"efore included in the relevant costs in the Statement of Financial Activities. Funds structurepolicy Funds are classified as either restricted or unrestricted funds, defined as follows: The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. If ptS of the unrestricted funds are eaiTharked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative puiyose only and does not legally restrict thc directors, discretion to apply the fund. There is no forn]al policy of transfer between funds or on the allocation of funds to designated funds, other than that desciibed above. 2 Winding up or dissolution of the charity If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar ob.jects to the charity. 12
KIRAN'S TRUST Notes to the Accounts for the year ended 31 December 2025 3 Costs of generating income Cost of Generating Charitable Governance Funds Activities Costs Total 2025 Total 2024 Fundraising Costs Scholarships Prizes and funding Computer & stationery Bank charges Companies House fee Professional fees 1,209 1,209 200 12,886 286 25 34 397 15,037 1,636 350 6,074 145 30 34 385 8,654 200 12,886 286 25 34 47 13,478 350 350 1,209 Governance Costs Independent Examiner's Fees 350 350 350 350 4 Investment Income 2025 2024 Bank deposit interest received 1,121 1.153 S Trustees, remuneration Neither the trustees nor any persons connected with them have received any remuneration, either in the current year or the prior year. The average number of emplyees during the year was: 6 Debtors 2025 2024 Other Debtors 426 7 Creditors: amounts falling due within one year Accrued expenses 350 350 13
KIRAN'S TRUST Notes to the Accounts for the year ended 31 December 2025 8 Particulars of Individual Funds and analysis of assets and liabilities representing funds At 31 December 2025 Unrestricted funds Designated funds Restricted funds Total Funds Current Assets Current Liabilities 31,073 (3501 30,723 6,400 37,473 (350) 37.123 6,400 The individual funds included above are :_ Funds at 2024 Movements in Funds Transfers Between funds Funds at 2025 Unrestricted funds Larbert High School Carrongrange Falkirk Area Primary Schools Graeme High School Central Tackwondo National Youth Orchestra Tryst Community Sports Club Forth Valley Sensory Centre Edinburgh Area Argyl and Bute Area LAMP Tulliallan Primary Alva Academy Fraser Coull Scottish Young Carers Scottish Taekwondo 32,711 850 500 500 11,098 (2,056) (500) (13,086) 2,056 500 30,723 850 500 500 (200) 200 750 750 (1,000) (260) (300) (2,700) (1,464) (1,000) (506) (500) (600) (2,000) 1,000 260 300 2,700 1,464 1.000 506 500 600 2,000 200 200 1,200 1,000 200 200 1,200 1,000 1,000 200 39,111 1,000 200 37,123 (1,988) 14
KIRAN'S TRUST Notes to the Accounts for the year ended 31 December 2025 8 (cont) Analysis of movements in funds as shown in the table on the previous page Incoming Outgoing Gains & Resources Resources Losses Movement in funds Unrestricted Funds Larbert High School caongrange Falkirk Area Primary Schools Graeme High School Central Taekwondo National Youth Orchestra Tryst Community Sports Club Forth Valley Sensory Centre Edinburgh 'ea Argyl and Bute Area 13,049 1,951 2,056 500 11,098 (2,056) (500) 200 (200) 1,000 260 300 2,700 1,464 1,000 506 500 600 2,000 ( 1,000) (260) (300) (2,700) (1,464) (1,000) (506) (500) (600) (2,000) Tulliallan Primary Alva Academy Fraser Coull Scottish Young Carers Scottish Taekwondo 13,049 15.037 (1,988) The transfers to designated funds repi'esents the anticipated costs for the next financial year. 9 Share Capital The charity is incorporated under the Companies Act 1985 and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter There are 3 members of the company (2024 - 3 members). 15