Charity règistration numb•r SC041299 Iscotlandl Company registration number SC158471 ONEKIND CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 I ALEXANDER SLOAN TC Group BusinéssAdvisors &Accountants 1 Lochrin Square 92-98 Fountainbridgè Edinburgh EH3 9QA ONEKIND CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Trust•os Sata Bannemian Robbie Marsland an Surgeon Rosie McPh8e Chadotte Edgar P8n8lop8 D8WS IAppoint8d 13 April 20261 S•erètary Jason Rose (Appointed 14 July 20251 Charlty number Iscotlandl SC041299 Company number SC158471 Reglstored offic• 5 South Charfolte Slreel Edinburgh EH24NN Ind•pond•nt ¥x•mln•r David Jeffwat, F.C.C.A. TC Group Bu$in¥ssAdvisors & A¢¢ountsnts 1 Lochrin Square 92-98 Fountainbridg9 Edinburgh EH3 9QA Bank•r8 Virgin Money Bank plc 83 George Street Edinburgh EH2 3ES Sollcltors Lindsays Sollcilors Caledoni8n Exchange 19A CanniThJ Street Edinburgh EH3 8HE ONEKIND CHARITY CONTENTS Page Trustees, AnnLJal rgport Independent examIne￿S Statèmènt of financial activiti&s 12-13 Balancè shaèt 14 Notes to th8 finanaal stalem8nts 15-26 ONEKIND CHARITY TRUSTEES. ANNUAL REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEAIBER 2025 The Trustees present their annual report and finanoal statements for the year ended 31 December 2025. The financial statements have been prepared in accordance with the aco)unts'ng policies set out in note 1 to ihe financial statements and Comply with the charitys governing documenl. the Companies Act 2006 the Charities and Trustee Investment IScc7tlandl Act 2005. the Charities Acwunts Iswuandl Regulations 2006, FRS 102 "The Financial Reporting Standard appli￿ble in the UK and Republic of Ireland. and the Charities SORP 'knounting 8nd R8porting by Charib85". Stat8rnent of Recomm8nded Practice appliGgbl8 to charities preparing th8ir account5 in accordance with the Finanual Reportin9 Standar¢J applicable in the UK and Repu￿1¢ ol Ireland IFRS 1021" Welcom• 2025 was a year of challenge for OneKind. But we saw a collective effort from our slaff. trustees, supporters and funders. This meant we conts'nued to make progre55 for animals in Scx)Uand. And we stsrted a shift towards a rnore SU5t8inable future for the organis8tion. We continued to Influence government policy and parflamentary debate. We helped bulld momentum around the need to ban greyhound racing. We raiseij the profile ol exotic wil¢J animals kept as pets. We advocated for an end to farrowing crates lor pigs. And we gave evidence lo a partiamentary Inquiry into the govemmenl's food policy. We continued to mobilise public support and secure media coverage. We helped channel the public's love ol greyhounds. so politicians paid attention. We raised the plight of reindeer used as entertainment. prompting cornmercial interests to think again. We highlighled the government's failure to deliver proper prOt￿￿'0￿S from firework5. And we made oJe8r our intention lo pul 8 slop to the truel 8nd unnece$s8ry gug8 hunt ol baby gannels off Lewis. We continued to fundraise to enable our day-t¢>day work. W& had an amazing response to our emergency appeal. We also saw supporters dig deep via My Giving Circle and the winter raffle. And a core group ol majcy donors ensured OneKind was in a good starting position lor the Big Give. Such generosity kepl us fired up lo light lor animals across Scotland. We were also gra¢elul to receive support Irom the RS Macdonald charitsble trust and the Karuna loundation. A key ¢hange during 2025 a¢tually involveng As the spokesperson for the Unbound the Greyhound coalltion, we were leatured In more than 40 pleces on the issue ol greyhound raung, including BBC News, The Heraltj. The Scotsman and The fimes. Return of the guga hunt We brought national attention to the relum of the cruel guga hunt, with our comments featuring in more than 40 medi8 OUtl8ts, including BBC News, STV News. lh8 Daily Record and The Independent. Fireworks OneKind CEO Jason Rose spoke on BBC Radio Scoiland about the weeks of distress animals endure during fireworks season, urging the Scoilish Govemment to finally Im￿ement the legislation passed three years ago- introducing limits on when fireworks can be sokl and used, and requiring Iraining and licences for anyone purchasing them. ONEKIND CHARITY TRUSTEES. ANNUAL REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Our Supportors OneKind's work is only possible thanks lo our generous supporters. We don't receive any govemment funding, albwing us to advocate for animals without fear or favour. To ensure we c8n deliver our vit81 policy and ￿mpaignS work, we must r8ise around £300,000 each year. In 2025 W8 r815ed £232k, und8rfining th8 n88d to free up und8rus8d as58ts such 8s th8 offic8 8nd plac8 8 r8n8w8d focus on Income generation. In 2025 our main source of income was regular gmng via direct debiis. ioialliThJ £64k, a slight ncrease from £62k in 2024 and £59k in 2023. App8815 raised over £50k, an increase from £19k in 2024 and £14k in 2023. This will be due lo the excellent respon58 to our urg8nt sufflm9r fundrais8r prompled by th8 lai8 arrival of 8 le9acy. 2025 saw us r8ceive almost £40k from 18gacies, a drop from £85k in 2024 and £173k in 2023. It Is cl88r that legacies are no longer as ￿liable as they once were. hence our renewed focus on other sources ol income. But we will always promote gifts in wills. understanding the benefit to animals will be some years into the future. Community fundraising such as the Big Give, Ihe wnler raffle, and My Giving Circle remained stsble a¢ £17k. We received over £34k from trusts and lotJndation$, Including RS Mac(k)nald and th8 Karuna foundation. This is a rlsg from £17k wcèivad in 2024 and £24k in 2023. This kirKI ol income 1$ hard to ¢om* by ¢Jue to the nature of our work, so ￿ Bre hugely gratelul to Ihèsa fundws for reco9nisin9 thè valua thal OneKind brings. 2025 was a year when our supporters responded in our time ol need. Our o)mmunity recognised our vital r￿e in advocating for animals across Scotland. This dedication to the cause gives us strength to build a broader and more deeply engaged cornmunity of support in the years ahead. Fln¥n¢lal rgvlew PrlncSpal sourc•s of fvndlng The charity's principal sources of funding are from donations and legacies. The Slalernenl ul Financial Activities shows nel expenditure for the year of £127,55912024 nel expenditure for the yO8r of £139,300) after gains on inve51rneniS tot81ing £1,785 12024 gains of £2,579). At 31 Dgcernber 2025, £272,326 was rat8ined in 8ccumulaléd funds at thè ￿ar énd 12024 £399.8851 of which £108,298 12024 £104,842) was held In an En¢Jowment Fund. The balance of 9en&ral lun¢Js at the year ènd was £164,028 with £105,019 of this balance reFwesenting fixed assets. The charitys free reserves were therefore £59,009. In 2025, OneKind raised £232.858 in charilable donations and legacies and eamed £3.651 on the small amount ol investrnents we hold as contingency and bank inle￿$1. Our expenditure was £365.853. which meant our net expenditure lor 2025, before investment gains and k)sses was £129,344. Reserves Policy OneKind's reserves pollcy is to hokl ￿SerVeS to give finanaal security and to enable the charity to plan and organise its activities (including new aclivities that may eniail up-front costs) despite fluctuations in income. Our policy aims to sel a level that is neilher loo high {tyThJ up money vnnecessarily. potentially constraining our charitable activitie51 or loo low (increasing risk of bw'ng unable to Ixjntinue through financial difficulty.) In th8se circumstances, and taking Into account possible calls on reserves (see belowl, On8Kind consid8rs that a target level of reserves should be four month's operating costs. about £120,000. The current and projected reserves position refiecting this is annexed. ONEKIND CHARITY TRUSTEES. ANNUAL REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Investmènt Pollcy and P•rfomianc• OneKind is a charity registered in Scotland whose aim is lo end cruelty to Scouand's animals. The objects for which the charity is established are the advancement of animal welfare. the protection of animals from cruelly and the prevention of animal suffering.. and in lurlherance ol Ihese cty'ects the replacement of all animal experiments with non-animal alternats'ves. OneKind hdds reserves and seeks to manage them in line wilh its reserves Wiey and this investment policy. The Charity invests its reserves to produce the best finantial relum within an acceptable level of risk. The investment objects've is to generate a relum in excess of inflat¥Jn over the longer tenn. Investments will be managed in such &$ way as to leave suffioenl "short temi reserves" available to meet ungxpecled cash fiow requirernents wrthwl delriment. OneKind reliès on fundraisin9 and donations for its aets"vits"&s. Investments are held as resèrves to give financial security and lo enablè the charity to plan an¢J organise its aclivilies (including new activities that may entail upfront costs) despite fluctuations in income. The key risk to the value ol the reserves Is inflation and investment will seek to mitigate this risk. Long terrn investment wll be in ceal assets. the value of which can fluctuate. Recognising this. the Board lakes a medium attitude to inveslment risk. and will hdd a portion as "short term reserves" that are not subject lo inve8trnent risk. The finance SU￿C￿MmIttee will tske respM$ibility for scrutinising the policies and current holdings of funds being considered for investrnenl. There may be a small number of occasions when OneKind mak&s Iow-level investments in cornpanies that are outwith the normal investment policy. An example ol this would be when OneKind wishes lo have voting rights, albwing it to actively campaign from within the company. Any investments ol this type wll be consmlered by the Board of Trustees and minuted accordingly. Short term reserves will bo held in ￿rrertI arKJ savings 8c£J)unts wilh elhi¢al banks. Th• Charity t8k8s r8sFx)nsibility for managing its own resèrves. It has ￿antified a fund managèmant pl8fform whlch it will use to manage its holdings on a non-advice basis. The Charrty has nominated a list ol authorised signatories, three of which are required to s￿n instructions lo th& fund manager. The finance commillee will review Ihe inveslrnenl performance of long ¢emi reserves annually. providing a cornmenlary lo the full Board together wlh any recommendalicffi for thanges. Perfomance will be measured against inflation 8fKI relevant fflarket indK*$. Management of the shortèr tem r￿rV&S ￿711 be delegatad to tha On8Kind Dirèctof, supwrt8d as appropriat• by the finance committee. This Investment Policy Slalernenl was prepared by the finance commiltee and approved by the OneKind Board to provide a framework for Ihe management ol its reserves.11 will be reviewed annually. Rl8k Management The Trustees have ass85S8d thé major iisks to which the chaiity Is exposed and rèvièw thèsè risks vi8 a risk register. One risk Identtfied is that income is reliant on gifts in Wills Iwa legauesl and this incomè can be unpredictable. To this end management are conb"nualty developing other sojrces ol Income via supptsrters, trusts and foundats'ons, memberships and dOna￿nS. ONEKIND CHARITY TRUSTEES. ANNUAL REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Plans for futur• pèrlods Looking forward Campaigning ahead of the election OneKind will lead the MO￿ lor Scotland's Animals coalition campaign during the lead up to the 2026 Scottish Parliamentary election. building on successlul campaigns in 2016 and 2021. Fifteen leading animal protection organisalions will work together to raise the profile of animal welfare in Ihe run up to the election. The core of the campaign will be an e-action for s(Jpporters to ask randidate MSPS to pledg8 lo do more for Scotland s animals il elected. There will also be a hustings. where r3ndidaies from all main parties will be quizzed on pty stsnces on crucial iSSLJeS, and social and tradiliwal media Coverage. Guga hunt Building on our work this year, we will research, plan and launch a campaign to end the guga hunt. Wild animals kept in homes We will hand in our p81ition, calling for a pernilted list of species that can be kepl as pets. to the incoming Scottish Government. We will build on initial meelings lo urge the Scotbsh Government to tske action. With a new session ol P8rli8mènt, wè will raisè this issue wrth incoming MSPS and drivè political progress. Wè will also o)ntinue to US8 8nd build ¢>n thè findings from thè résèarch wè commission8d. This will includè joint work with rès88rchèrs, NGO partners, and collegè students. lo ctscreat& social media conlenl to combat online misinformation and demand lor 'exotic peis.. Greyhound rac4ng We will ¢¢nts'nue to lead the Unbound the G￿YhOund ¢ts81ilion and rally both public and political support lor the Prohibition of Grayhound Racing IScotl8ndl Bill a$ il progresw th￿9h tha So)ttish Parfi8mènt. We will produce an e- action to ￿nab￿ our supporters to send a pre-writt6n email to their MSPS, urging them to support the Bill ahead of Stage 1. We wll also organise a rally outside of Padiament on the day of the Stage 3 vote. Throughout Ihe process we wll engage with MSPS to ensure Ihal they are well infonned and urge them to support Reindèer displays We will continue to work in partnership wtth Amimal Aid, Bom Free and Freedom for Animals to &ncoJrage more event organisers to stop using live ￿1ndeer In their Christmas displays. We will utilise the findings from our Joint investigation into UK events and work with SUPFX)rters lo larget events in their local areas. Banning cages lor mother pig5 At the end of 2025, th8 UK 90￿Mm￿nt r8-eommitt811 to phasing out the usè of all cages. We will tll8ke us8 01 the opportunibes this pmides, to eontinue to press Ihe Scothsh Govemment to act. and not kt pigs in Scotland be left behind. Thank you On behalf of the anirnals, OneKind would like io say thank you to all our supporters and donors in 2025. On8Kind 15 8ntirely dependent on the generosity of indiwdu8ls; w8 don't t8k8 money from Gov8rnm8nt or businesses that tnight comprornis8 our abilrty to S￿ak up for animals. In particular, we would like to give our thanks to Ihose vthose legacies benefited OneKind in 2025. Their generosity will be remembered, and their legacy wll be hel￿ng bring about a Scolland where every animal is free from suffering. ONEKIND CHARITY TRUSTEES. ANNUAL REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Structura, gov•rnanc• and manag•m•nt Governing Document On8Kind is a charity registered in Sex)Uand Ichartty number SC0412991 and 8 company litnited by guarant88 Icornpany number SC1584711 gov8m8d by its Mefflorandurn and Arbcles ofAsswation. It was established in 1912 as the Scottish Society lor the Pievention ol Vivisection and re-name(l Advocates fo( Animals In 1990. The charity changed its name to OneKind on 27 Augusl 2010. The management of the company is the responsibility ol ils Management Committee. members ol which are elected under the temis ol the Memorandum and Artides of￿$￿latiOn. The Trustees, who are also the directors for the pu￿0$8 of cx)mpany law. and who served during the year and up to the date of signature of the financial statements were.. Stuart Gillies IResigned SApril 20251 Sara B8nnerman Robbie Marsland Alan Cranston an Surgeon Rosiè MePh89 Charlott8 Edgar Paul Boyd Penelope Davis {Res￿ne￿ SApril 20251 IRèsigned 17 September 20251 IAppoinled 13 April 20261 Appolntm•nt of Tru¥teg1 Under the requirernents of the Memorandum and Arii¢18s ol Asswation, Committee membership sttall te opan to individuals who supptsrt thè objectivès ol thè ￿npanY and who arè invilèd tts bècomè mÈmb6rs by thè Trust68s. Employees of tha eompany shall not bè èligiblè for mèmbership or to s•rw as a Twstèa. Any person whts wshès to bacomé a m•mb8r must sign. and lodgè wth tha company. a writtèn application lor membership. The Trustees may, at their discrets"on, refuse to admit any person lo membership. At each annual general meeting all the Trustees shall retire from office bul shall then be eligible for re*lectson. The Trustees rnay also. at any tirne, appoint any rnember or non4nember Iprowding helshe is wlling to act) to be a Trustee. Organlsatlonal s¢ructure The organisalion has a Managemeni Committee of no less than Ihree and no more than ￿e1ve Members of the org8nisalion. The Committee h85 the power to make, alter and revi)ke regulations for the conducl gf the cornp8ny'5 business and to appoint such officers and servants and pay them such salariès and tsth8r rèmunèr8tion as tha Committee thinks fit. The Committee is also referred to as the Board of Trustees. Trustees. Inductlon and tralnlng On appointment, new Trustees sign a mdel Tnjstee dedaration statement o)mmitting them to giwng of their time and expertise. There is a formal induction programme lor any nevAy appointed Trustee. which indudes an initial meeting with the Chair and the Trustees. followed by a series of short mee¢ings with the Chief Executive on investrnents, the grant making process. powers and responsibili￿.e5 of Ihe Trustee Board and Sub Committees. The welcom8 pack includes a brief hisiory of the Trusl, (xjpy Trustee Board and Sub Commiitee minutes. a copy of the last three y8ars' ol annual r8POrts and account5, a (x)py of the goveming T￿st D88d and a copy of ihe Scottish Charity Regulator's Guidancè". Guidance for d)arity Twsteès. ONEKIND CHARITY TRUSTEES. ANNUAL REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 K•y Manag•m•nt P•rsonn•l R•mun•ratlon The Trustees consider the Board ol Trustees and the Director as comprising the key management personnel of the charity in charge ol directing and controlling the charity and njnning and opeoting the charity on a day to day basis. Details of Trustee emolurnents. expenses and related party transacts'ons are disclosed in the notes to the accounts. Trustees are required to disdose all relevanl interests and regisier them with the Director and in accordance with the Trust's policy withdraw from decision5 where a conllict of interest arises. Neither the Trust any of the Trust88s have int8rests with th8 ph8rm8C8UticAI industry but any such int8r8St5 woukl be disclosed. The pay of the charity's Director is revigwed annually and normally increaseil in acwrd8nce with 8ver8ge eamings. In view of thé nature of th8 charity, its economy ol opera11￿$, and th8 exi8nsiv8 use of professional advisers to the Trust Board, the Trustees consider that 3 multsple ol up lo three times the median average salary f￿ UK employees is appropriate for this role. The ￿muneratIon is also bench-marked with granl-making charities of a similar size and activity to ensu￿ that the remuneration sel is lair and not out ol line with that generalty paid for similar roles. Relaled partl•8 A nurnber of the charrty's Truslees are also involved with other organisal￿nS that the charity worf(s wth. Full details of transaction5 between OneKind and it5 rdated parlie5 are provided in lh8 notes to the Finanri81 Statements. Indgpendent 8xarnln•r A resolution proposing David Jeffcoat FCCAto be reappointed as Independent examiner to the charity will be put at a General Meeting. The Trustees, annual repNt was approved by Ihe Board of Trustees. Sara 8annerman Trust•• 15 June 2026 10- ONEKIND CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ONEKIND CHARITY I report on the financial statements of the charity lor the year ended 31 December 2025, which are set out on pages 12 1026. Respectl¥e responsibill¢ies of Trustees and examiner The charity Trustees (who are also the Difectors ol OneKind Charity for the purposes of company lawl are responsible lor the preparats'on of the financial slalements in accordance wtlh the terms ol the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts Iscollandl Regulations 2006.The charity Trustees consider that the audit ￿qUIrement of Regulation 1011 MaHcl of the Charibes Accounts ISo)tlandl Regulations 2006 does not apply. It is my r&sponsibility to examine thg financial ststem8nts as requirg(l under section 4411 Ilcl of the Ch8ri1ie5 3nd Trustee Investment Iscodandl Act 2005 and to $tste whether partb¢ular matttrrs havtr wne to my atttrntion. Basls ol Ind•p•ndènt •xamln•rfs stat•mènt My examination is carried wt in accordance vthh Regulation 11 of the Charities Accwnts [s￿￿8nd) Regulation 2006. An examination indudes 8 review of the accounting recryds kept by the charity and a comparism of the lin8n¢ial statgments presente(J with thosg re¢ords. It also includes ¢onsiderats'on ol any unusual items or di$closure$ in thè financial slai8menls, and sèèking èxplanations from the trustèès concernin9 any such mattèts. Thè procedures undertaken do not provide all the evidènce that would be réquired In an audit and consaquently I do not express an audit opinion on the VI￿ given by the financial statements. Indopondent examlnorf8 8tat•ment In the course ol my examination. no matter ha$ ¢om& lo my attenl 1. wh￿h giv8s me reasonabla cause to beliwe Ihat in any material respect the r8quir8manis.' to keep accounting records in accordance with Section 4411 Mal of the Charities and Trustee Inveslrnent (Scollandl Act 2005 and Regulation 4 of the Charities Accounts IScK•Uandl Regulations 2006, and ¢0 prepare financial ststements which accord with Ihe acCoun￿'ng ￿C￿lS and cornply with Regulation 8 of the Charilies Accounts Iscouandl Regulations 2006 have not been mel, or 2. to which, in my opinion, attèntion should bè drawn In order to ènable a prO￿r undèrstanding of thè fln8ncial statements to be reached. Davld Joffcoat, F.C.C.A. TC Group Business Advisors & Accountants 1 Lochrin Square 92-98 Fountainbridge Edinburgh EH3 gQA Date.. 241612026 11 ONEKIND CHARITY STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Current financial year Unrestricted Endowment funds funds 2025 2025 Total Total 2025 2024 Notes Incomg from: Donations and legacies Investrnénts 232.858 1.980 232,858 3,651 234,499 5,467 1.671 Total Ineom• and •nd¢>wm•nts 234,838 1.671 236,509 239,966 Ex￿ndItur* on: Charitable activities 365,853 365,853 381,845 T¢tsl •xp•ndltur* 365.853 365,853 361,845 Nel gainsllthsesl on investments 1.785 1,785 2,579 N•t Incom•ll•xp•ndltur•l and mov•m•nt In funds 1131.0151 3.456 1127,5591 1139,3001 R•conclllallon of funds: Fund balancès 8t 1 J8nu8ry 2025 295,043 104.842 399,885 539,185 Fund balanc•s at 31 O•C•M￿r 202S 1fA,028 108.298 272,326 399,885 The slalement ol finan¢ial a￿1viDe$ in¢ludes all 98in$ 8nd h)sses recogni￿ in ihe year. Al income and tr¥ponditure dèrivè from Continuing activ￿¥$. The notès on pages 15 to 26 fonn part of thes6 financial statements. 12 ONEKIND CHARITY STATEMENT OF FINANCIALACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Prior financial year Unr85tricted Endowrnent funds funds 2024 2024 Total 2024 Notss Incomg from: Donations and legacies Investrnonts 234.499 3.694 234,499 5,467 1,773 Total Ineom• and •nd¢>wm•nts 238.193 1,773 239,966 Ex￿ndItur* on: Charitable aCtiv￿8S 381.845 381,845 T¢tsl •xp•ndltur* 381.845 361,845 Nel gainsllthsesl on investments 2,579 2,579 N•t Incom•ll•xp•ndltur•l and mov•m•nt In funds 1143.6521 4,352 1139,3001 R•conclllallon of funds: Fund balancès 8t 1 J8nu8ry 2024 438.895 100,490 539,185 Fund balanc•s at 31 O•C•M￿r 2024 295,043 104,842 399,885 The noies ¢)n p8ge$ 15 10 26 lom an iniegr81 part of the88 finanaal stat8mtrnts. 13- ONEKIND CHARITY BALANCE SHEET AS A T 31 DECEMBER 2025 2025 2024 FSxed assets Tan9ible 8S58ts Investments 11 12 105,019 108.298 109,038 104,842 213.317 213,880 Currènt asséts Debtors Cash at bank and in hand 13 17,177 63.466 31,343 170,919 80.643 202,262 Crodltors.. amounts falllng wlthln one year 14 121,6341 116,2571 N•t eurront aS8•t8 59.009 186,005 Total as8•ts I•s8 Currènt Ilabllltl•8 272,326 399,885 Thè fund# ol the ¢harfty Endowment funds Unrèstrict8d funds 16 17 108.298 164,028 104,842 295,043 272,326 399,885 The noies on pages 15 10 26 lomi part of these finan¢ial s￿￿Ments. Thè company is 8ntid8d to thè èxamption from lh$ audit réquirèmant contain8d in sèction 477 of thè Companias Act 2006, for the year ended 31 December 2025. The directors acknovAedg8 their responsibilities for cornp￿ng th8 requirements of the CompaThes Act 2006 with respect to accounting recnrds and the preparation of financial statements. The members have nol required the c4)mpany lo oblain an audit of its financ4al statements for the year in question in accxjrdance with section 476. These financial statements h8vtr been prepared in a¢(x)rdan¢e with the prowsion$ 8pplicabltr to Companies subject to the small compani8s r8gim8. The financial statements were approved by Ihe Trustees on 15 June 2026 Sara Bannerman Trustee Company registration number SC158471 IScolland} 14- ONEKIND CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2025 Aecountlng pollcl•s CharSty InfOrMa￿￿n OneKind Charity is a Privaie company lirniled by guaranlee incorporated in Scotland. The reglstered office and principal place of business is 5 South Charfottè Streel. Edinburgh, EH2 4NN. 1.1 Accountlng convontlon The financial statements have b8en wparod in ac¢¢Kdan￿ wrth Ihtr ch8rty's govoming do¢um&nt, Ihg Companies Act 2006 the Charities and Trustee Inveslm8nt (Scotlandl Act 2005, the Chariti85 Accounts Iscotlandl Regulations 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland. and the Charities SORP "Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charitses p￿Paring their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021". The charity is a Public Benefit Entity as ¢*fined by FRS 102. The charity has taken adv8nW¢ of Ihtr provisims in thtr SORP lor ¢h8ribtrS not to pfypartr a stat￿ent ol cash flows. The financial slalements are prepared in sterling. which is the funcl￿nal currancy of th8 charity. Monetary amounts in these finanual slatements are rounded lo the n&aresl £. The financial statements have been prepared under Ihe hISt￿lCa1 cost CA)nvention. The principal accounting policies adopted are set out below. 1.2 Golng con￿rn At the time ol approving the finanaal statements. the Trustees have a reasonable expectation that the charity has adequate resources to continue in operalional existence for the foreseeable future. Thus the TrLslees continue lo adopt the going ¢oncem basis of accounting in p￿paring the financial staternenls. The Trustees consider that ¢here are no material uncertainties atxwl the ¢hantys ability to ￿ntinUe as a 90ing concern. For further delail see Note 2. 1.3 Charllable funds Unreslnct8d funds are 8xp8ndabl• 8t tha disualion of th• Twslèès in furthèrancè of the objècts ol thè Charity. If parts of the unrestricted funds are eamarked at the discretion ol the Trustees for a particular purpose, they are designated as a separate fund. The designat￿ has an administrative purpose only and does not legally restrict the Trustees, discretion to apply the fvnd. Reslncted funds are subject to speufic condrtions by don(Ms ￿ grnntors as to how they may be used. The purposes and uses of the restricted funds are set cwjt in Ihe mtes to the finanaal statements. Endowrnent fund are funds which have been given on lh8 cor￿ltiOn th8t the original capital surn is rK)t r8duc8d. but the incom* th8r8 Iiom is used for lh8 purrK)sè d8fin8d in accordance Wth the objects ol the charity. 1.4 Incomg Income is recognised when the charity is legally enlrtled to il after any perfomance conditions have been met, the amunls can be measured reliably. and it is probable thal income will ￿ received. Donations are recognised when the charity has evidence of entitlement to the gift, receipt is pro￿ble and its amount can be measured reliably. Entsllement usually arises immedialely upon receipl. however. in the event that a donation is subject lo condilions Ihal require a level of perfomiance before the charity is entitled to the funds. the income is deferred and not recognised unb'l either those ¢x)nditions are ￿llY met, or the fulfilment of those conditions is wholly within the conlrol of the charity and it is probable that those conditions will b8 fulfilled in the reporting peritxl. 15- ONEKIND CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Accounting policies (Continued) Legacy grfts must b8 r8cognis8d wh8n it is probable that tt ￿￿11 b8 r8c8ived. This is normally followng th8 granting of probate, when the adrninistratorlexecutor of the estate has communicated in writing both the amount and settlement date and any conditions attached to Ihe legacy a￿ either within the control of the charity or have been met. In the evenl that the gift Is In the lom) ol an asset other than cash or a financial asset traded on a recognised stiKk exchange. recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and Ihe bue to the asset having been transferred to the charrty. General volunteer time is Th)t recognised- refer to the tnJste8s' annual report for more infomiatw)n about their contribution. Income from government an¢J other grants, whether 'capital' or 'revenue' in nature. are recognised when the charity has unconditK)nal entitlement lo the fuThJs. it is probable that the income wll be received. the amount can be measured reliably. Unconditional enlrtlement wll be achieved once any performance or other conditions attached to the grants have been met, or fu￿lIMent of those conditions is wholly within the control of the charity. Where performance condiDons are attathed lo the granl and are yet to be rnet, the income is recognised as a liability and indudeil on the balance sheel 8$ deferred inwme ¢0 btr released. Income frorn charitable aclivili88 includes income eamed both from the supply of goods or seryices under contractual arrangemenls and from perfO￿nar￿rel3Ied grants which have condition5 that 5pecty the provision of particular goods or services lo be provided by the charity. In¢omtr from charitable activities is cognised as earngd18s relaled goods or ￿rVICeS are provKJedl. Income tax recoverable on Gift ￿'d donations is recognised when the respective donation has been recognised and the recoverable amount of income tax can be measured reliably.. this is nomially when the donor has completed ¢he relevant Gift Aid declaral￿n fomi. Income tax recoverable on Gift Aid donations IS allocated lo the same fund as Ihe respective donation unless specified by the donor. Interest on funds held on deposit is induded when receivabl8 and the amount can be measured reliably by the charily., this is normally upon notsfica(*)n ol the inlerest paHI or payable by the bank. Dividends are recognised when the sharehc4derfs right lo receive payment is established. measured al the fair value receivable. Generally this is upon notification by the investment advisor once the dividend has been declared. 1.5 Expendltur• Liabiliti85 arè r8cognisad as *xp6ndituro as soon as Ihèrè is a 18g81 (* constructivè obligation committing the charity to that expenditure, It is probable U)at seiuement will be required and the amount of the obligation Can be measured or estsmated reliably. Liabilities are measured on ￿cognItion at historical cost and Ihen subsequently measured at the best estimate ol the amount required to settle the 0￿19allOn at Ihe reporling dale. The eX￿pIlOn is that certain financial instruments must be adjusted lo Iheir p￿sent value. these indude financial liabilities where settlement IS deferred for more than 12 months after the repo￿.ng date. All expenditure is acwunted for on an 8￿r￿al$ basis. AJI expenses including support C05t5 and govemance osts are 8lloratgd or apporlioneil to Ihe applicable ex￿ndit￿re hgadings. Expenditure on raising funds includes all expenditure incurred by a Charity to raise funds for its charitable purposes. It includes the costs of all fundraising activitie5 and evenis together those costs incurred in seeking donations, grants and lega￿e5 inveslTnent managgrnent costs. 16- ONEKIND CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Accounting policies (Continued) Exp8nditur8 on ch8ntabl8 adivitl85 indud8s all tx)sts irKxJrred by chartty in und8rt8kin9 8Ctivth8S that further its charitable aims lor the benefit of its beneficiaries, induding those support costs and costs ￿lating to the govemance ol the charity apportioneij to charitable acbvilJ"es. The costs of charitable presented in the Slalement ol Financial Activities indudes Ihe costs of both direct service provision and the payments of grant awards il applicable. Other expenditure includes all expenditure that is neither ￿laled lo raising funds lor the charity nor part of its expenditure on charitable activitses an¢J is recognised when il is probable that settlement will be required and the amount ol the obl￿atIon can be measured reliabty. Support eosts ara incurred supporlj'ng Ihè charivs acbvibes and indude &￿ndIture associatèd with adminislralive and finance functions, business support. HR, IT and govemance. These support functs'ons are shared across the charily's activities and are apportioned across those activities in order lo arrive al the full cost lor each reported acts'vity. The method of apportionment adopted by the charity are ouuined in the notes to the financial statements. Govemance costs (which are included as a component of support costs in accortjance with SORPI comwise all costs involving the public accountsbility of the charity and its compliance with regulation and good practice. These costs include those related ¢0 constslu￿'onaI and s¢atutory requirements. external 5cru¢iny (audit or independent examinats'onl, strategic management, and other legal and professional lees. To comply fully with the Statement ol Recommended Plac￿'ce would require income and expenditure lo be reported by activity. The Twstees are ol the opinion that the aclivities ol the charity are inter-linked. therefore this would be impractical to calculale and would provide no addits'onal benefit to the users ol these financial stalernents. Therefore no lurther analysis of income and expendilure is provided within these financial 8¢alernents. Irr8coverBble VAT is charged againsl th& exp8ndilure hèading lor which il was incurred. 1.6 Tanglble ftxed ##set$ Fixed assets lexduding investmentsl are stated al cosl less accumulated depreciatson. The costs of minor additions or ihose costing below £1,0￿ are nol capilalised. Depreciation is recognised so as to write off the cosl or valuation of assets less their residual values over their useful lives on (he following bases.. Land and buildings Website Fixturès, frttings and aquipmant Office equipment 2% straight linè 20% straighl line 20% straight lin8 15% reduryng balance The gain or loss arising on the disposal ol an assel is detem)ined as the difference befften the sale proceeds and the carrying value of the asset. and is reo)gnised in the slatement of finan￿al aclivilies. 17- ONEKIND CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Accounting policies (Continued) 1.7 Fixed a55et investments Where investments in equity sha￿$ thal are publicly traded have arisen as a result of legacies and bequests, they are In￿￿allY recognised al rnarket valve at the date of the gift. Where investments in stock such as inv&stm8nts tysts, unit trusts. or OEICS Iop8n ended investment cA)mp8niesl have arisen 85 8 result of legacigs or b9qUgsts, the unts beque8th8(l are initialty reixNJnised basgd on Ihe unit pric9 at the date of the gift. Investments in equity shares have been indude(l in Ihè balance sheet at market value. Investments in investment trusts, unil trusts, or OEICS have beèn induded in the balance sheet based on the Net Asset Value INAVI ol the fund. All gains and losses are taken to th8 Statement ol Finawal Activities as they arise. Realised gains and losses on investments are calculated as the dfflerence behyeen sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the firsl day of the financial year. Unrealised gain5 and losses are calculated as the drfference between the value at the year end and their value at the prior ye8r end. Reali5ed and unre81ised inveslment gains and 10&ses are combined in the Ststemenl of Financial Activities. 1.8 Cash and cash equlvalents Cash and cash equivalents includ* ¢ash in hand, dgposits hgld at call with bank$, olher $hort-t$m Ilquld investments with original maturities ol Ihm months ￿ less, and bank ovèrdrafts. Bank overdrafts are shown within borrowings in curr6nl liabilities. 1.9 Flnanclal Instruments Thè charity has electèd to apply th• provisions of Section 11 'Basie Financial Instrumènts. and Sèction 12 'Other Financial Instruments Issues. of FRS 102 to all ol its financial instruments. Financial instruments are recognised in charity's balance sheel when the charity becomes party to the contractual provisions of the inslwment. Financial assets and liabililies are offset. wilh ihe nel amounts presented in the financial statements. when the￿ is 8 legally enforceable right lo sel off the r&cognised arYK>unls and ther8 is an intention to $eltle on 8 nel basis or to r881isa th• assat and sètua tha liability ￿MUltan￿usty. Basle fln•ncl•l ass•ts Basic financial a55ets, which indude debtors and cash and bank b8lance5, are initially measured a¢ transaction pri￿ induding trans8Ction cosls and are subsequenuy rarri8d at amortised cost using th8 8ff8Ctive interest method unless the a￿angement (x)nslrtules a finanang transaction, wh6re the transaction is measured at the present value ol the future receipts discounted at a market rate of interest. Financial assets classified as receivable within on& year a￿ not amorbsed. Baslc flnanclal Ilabllltles 88sic financial liabilities, induding credit<)rs and bank loans are inthally recognised 8t transaction price unlèss the arrangement constitutes a financing lrnnsaclion, vthère the ¢Jebt instrument is mèasured at the p￿sernt value ol kne lulure payments discounted at a market rale of Interest. Financial liabililies classffied as payable within one year are not amortised. Debt instruments are subsequenty caThied at amorbs•Y ￿$1. using the effective interest rate method. Trade creditors are obligations to pay for goods or se￿ceS that have been a(4uired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. 11 not, they are presented as non