REGISTERED COMPANY NUMBER: SC403886 (Scotland) REGISTERED CHARITY NUMBER: SC042477
Report of the Trustees and Financial Statements for the Year Ended 31 July 2025
for
The Kano Foundation
Brett Nicholls Associates Herbert House
24 Herbert Street Glasgow G20 6NB
The Kano Foundation
Contents of the Financial Statements for the Year Ended 31 July 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
The Kano Foundation
Reference and Administrative Details for the Year Ended 31 July 2025
TRUSTEES J Mackin (resigned 5.8.25) G McCaul C Murray (appointed 1.8.25) R Byers (appointed 1.8.25 as a trustee and chairperson) A Duffy (appointed 1.8.25) REGISTERED OFFICE Office1 Technology House 9 Newton Place Glasgow G3 7PR REGISTERED COMPANY NUMBER SC403886 (Scotland) REGISTERED CHARITY NUMBER SC042477 INDEPENDENT EXAMINER David Nicholls FCCA Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB BANKERS TSB 52 St Vincent Street Glasgow G2 5TU
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The Kano Foundation
Report of the Trustees for the Year Ended 31 July 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are to provide relief of those in need by reason of ill-health, disability, financial hardship or other disadvantage through the provision of access to and attendance at professional football matches and other similar events; the advancement of public participation in sport through providing access to such events; the advancement of any of the above purposes by the giving of grants or the provision of funding to persons undertaking projects, initiatives and/or activities which further any of these objectives.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
A full season of activity gives our trustees and volunteers great pleasure to engage with and support the broad range of young people who we bring to sporting events.
Our youth volunteers have matured into a dependable and effective matchday team. We will be looking to recruit Trustees into specific roles during the next financial year alongside further recruitment of match day volunteers to add to the team. We look forward to many more years of input, enthusiasm and effort as we seek to maintain the very best service to children and young people. Income for the year was £99,433 from a mixture of different sources.
We want to thank all the individual supporters and members of the public who continue to give us personal donations. This is the bedrock of our income and helps establish a working relationship between us. We also want to thank the many supporters, clubs, bars, podcasters, groups and organisations who have run events and collections on our behalf. We are humbled and enormously grateful to all those who have given their time and effort to support us, we can’t do this without you.
We have also run our normal fundraising events: bucket collection and International Golf event. We hope that everyone who took part enjoyed time with us and raising funds in the company of others. We decided not to run an Annual Dance this year due to constraints on individuals spending power and decreasing attendance at previous events.
This was the 15th season of fulfilling our mission, keeping football free for kids. Our season tickets have remained at existing levels giving capacity to take more than 2,000 children to men’s and women’s matches in the year. Each attendee receives a meal, a goody bag, a scarf and other mementos. This year saw us reach the milestone of 19,000 children attending. Looking forward to next season we will very quickly eclipse this with our 20,000th child attending.
Our volunteers are crucial to our success. Their time, effort, energy and great humour allow everyone to have a great experience. This is reflected in the many thank you messages left after the event by those attending. We try to share as much of this as possible on social media so please look us up where you can see Kano in action. This year we have enabled people to attend from across Scotland, Ireland (North and South), England, Wales, Germany, North America and a number of other locations.
FINANCIAL REVIEW
Financial position
During the year to 31 July 2025, the charity had total income of £99,433 (2024: £86,826), expenditure of £78,803 (2024: £84,500) generating a net surplus of £20,630 (£2024: £2,326).
The charity's total reserves at 31 July 2025 were £190,571 (2024: £169,941) with all of these being unrestricted general reserves (2024: 169,941).
Reserves policy
Reserves are held to underpin the charity’s ability to achieve its objectives and to ride out periods of uncertainty. It is the charity’s aim to carry reserves at a level equivalent to 3 years core expenditure in order to provide mid-term certainty for operations, for the year ended 31 July 2025 this equates to £236,409 (2024: £244,500).
At 31 July 2025, the charity held reserves of £190,571, all of which were unrestricted (2024: £169,941). The trustees are aware that the reserves policy is not being met and are working to increase reserves so they can continue their services especially in times with greater uncertainty and financial volatility.
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The Kano Foundation
Report of the Trustees for the Year Ended 31 July 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 21 July 2011 and registered as a charity on 27 July 2011. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and appointment of new trustees
When Trustees need refreshed existing Trustees advertise openly for interested parties and can approach individuals of interest. Candidates are asked to complete an application and those of interest are then interviewed by existing Trustees to agree appointments. Trusteeships are then offered, accepted and confirmed.
Organisational structure
The four trustees who meet regularly, are responsible for the operation and governance of the Organisation. These Trustees are also appointed as Directors of the Charitable Company and are accountable for the purposes of Charity Law.
The Directors of the Charitable Company have also appointed three advisors, who can contribute to meetings and take on tasks but cannot vote or decide on matters that require a decision.
We thank Morrison Construction who continue to provide space for us to meet and conduct business which is much appreciated.
The Trustees have sole responsibility for monitoring and appointing all volunteers who deliver aspects of the Charity’s operations. Eddie Toner, an advisor to the trustees, resigned at the season end due to family and work pressures and was unanimously succeeded by Roddy Byers. The Trustees would like to thank Eddie for his time, diligence and leadership over the year and enabling the rest of the Trustees to play an active role. Claire Murray was welcomed back after taking time out to successfully start a family.
Key management remuneration
The charity is managed on a day to day basis by the trustees who give their time freely.
Approved by order of the board of trustees on ..... ~~....~~ 2F11F0000-C530-7260-4DDE-08DE9F7D0C4B........................1/04/2026 ~~...~~ ......... and signed on its behalf by:
~~Gill~~ F11F0000-C530-7260-4DD0-08DE9F7D0C4B ian WicCa ~~ul~~
. ~~.............~~ ..................................F11F0000-C530-7260-4DD0-08DE9F7D0C4B ~~..............~~ ............
G McCaul - Trustee
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Independent Examiner's Report to the Trustees of The Kano Foundation
I report on the accounts for the year ended 31 July 2025 set out on pages five to twelve.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
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to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 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.
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F11F0000-C530-7260-4DFF-08DE9F7D0C4B
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David Nicholls FCCA Fellow of The Association of Chartered Certified Accountants Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
22/04/2026 Date: ..... ~~....~~ F11F0000-C530-7260-4E02-08DE9F7D0C4B......................... ~~....~~ .......
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The Kano Foundation
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 July 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 65,781 Other trading activities 4 33,652 Total 99,433 EXPENDITURE ON Raising funds 5 11,868 Charitable activities 6 Provision of access to football 66,935 Total 78,803 NET INCOME 20,630 RECONCILIATION OF FUNDS Total funds brought forward 169,941 TOTAL FUNDS CARRIED FORWARD 190,571 |
Restricted fund £ - - - - - - - - - |
2025 Total funds £ 65,781 33,652 99,433 11,868 66,935 78,803 20,630 169,941 190,571 |
2024 Total funds £ 40,766 46,060 86,826 12,357 72,143 84,500 2,326 167,615 169,941 |
|---|---|---|---|
CONTINUING OPERATIONS
This statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities in both years and is unrestricted.
Comparative figures for the previous year by fund type are shown in Note 10.
The notes on pages 7-12 form part of these financial statements
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The Kano Foundation
Balance Sheet 31 July 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Stocks | 11 | 10,445 | 8,440 |
| Debtors | 12 | 963 | 2,591 |
| Cash at bank | 180,183 | 159,930 | |
| 191,591 | 170,961 | ||
| CREDITORS | |||
| Amounts falling due within one year | 13 | (1,020) | (1,020) |
| NET CURRENT ASSETS | 190,571 | 169,941 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 190,571 | 169,941 | |
| NET ASSETS | 190,571 | 169,941 | |
| FUNDS | 15 | ||
| Unrestricted funds | 190,571 | 169,941 | |
| TOTAL FUNDS | 190,571 | 169,941 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
22/04/2026 F11F0000-C530-7260-4DF8-08DE9F7D0C4B
The financial statements were approved by the Board of Trustees and authorised for issue on ... ~~....~~ ..........................F11F0000-C530-7260-4DF8-08DE9F7D0C4B ~~...~~ ......... and were signed on its behalf by:
. ~~..... _~~ F11F0000-C530-7260-4DF2-08DE9F7D0C4B................................[Aroddy][ Byers] R Byers - Trustee
. ~~.....~~ ................................ ~~.....~~ ..
The notes on pages 7-12 form part of these financial statements
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The Kano Foundation
Notes to the Financial Statements
for the Year Ended 31 July 2025
1. GENERAL INFORMATION
The Kano Foundation ("the charity") is Scottish charitable incorporated organisation governed by its constitution dated 21 July 2011. It was registered as a charity in Scotland (registered number SC042477) on 27 July 2011. Its registered address is Office1, Technology House, 9 Newton Place, Glasgow, G3 7PR.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with:
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the Charities and Trustee Investment (Scotland) Act 2005;
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Regulation 8 (Statement of account - Fully accrued accounts) of The Charities Accounts (Scotland) Regulations 2006;
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the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in March 2018 ("FRS 102"), to the extent that it applies to small entities and public benefit entities;
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'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, published in October 2019 (FRS 102)' ("the Charities SORP");
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UK Generally Accepted Accounting Practice; and
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the historical cost convention.
The charity meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy.
The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound.
There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The Kano Foundation 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 Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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continued...
The Kano Foundation
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
2. ACCOUNTING POLICIES - continued
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
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.
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.
Financial Instruments
The charity has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
3.
4.
| DONATIONS AND LEGACIES Donations Grants Grants received, included in the above, are as follows: Awards For All OTHER TRADING ACTIVITIES Fundraising events Sale of Merchandise |
2025 £ 65,781 - 65,781 2025 £ - 2025 £ 33,652 - 33,652 |
2024 £ 37,766 3,000 |
|---|---|---|
| 40,766 | ||
| 2024 £ 3,000 2024 £ 45,500 560 |
||
| 46,060 |
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The Kano Foundation
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
| 5. RAISING FUNDS Raising donations and legacies 2025 £ Annual Dinner - Golf Day 7,061 Other fundraising costs 4,807 11,868 6. CHARITABLE ACTIVITIES COSTS Direct Support Costs (see costs (see note 7) note 8) £ £ Provision of access to football 64,483 2,452 7. DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 £ Catering 9,284 Merchandise 25,216 Sponsorship 1,000 Tickets 24,241 Travel 585 Venue hire 500 Volunteer gifts 150 Children's Christmas Party 3,507 Equipment - Footballer Attendance Fees - Wrexham Trip Expenses - 64,483 8. SUPPORT COSTS 2025 £ Preparation and Independent Examination of Accounts 1,020 Website Costs 96 Admin Expenses 1,336 2,452 |
2024 £ 7,106 4,451 800 |
|---|---|
| 12,357 | |
| Totals £ 66,935 2024 £ 10,500 18,144 500 22,041 7,791 1,370 850 2,760 595 4,521 539 69,611 2024 £ 1,020 528 984 2,532 |
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The Kano Foundation
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2025 nor for the year ended 31 July 2024.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Restricted | Restricted | Total | ||
|---|---|---|---|---|---|
| fund | fund | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 37,766 | 3,000 | 40,766 | ||
| Other trading activities | 46,060 | - | 46,060 | ||
| Total | 83,826 | 3,000 | 86,826 | ||
| EXPENDITURE ON | |||||
| Raising funds | 12,357 | - | 12,357 | ||
| Charitable activities | |||||
| Provision of access to football | 69,143 | 3,000 | 72,143 | ||
| Total | 81,500 | 3,000 | 84,500 | ||
| NET INCOME | 2,326 | - | 2,326 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 167,615 | - | 167,615 | ||
| TOTAL FUNDS CARRIED FORWARD | 169,941 | - | 169,941 | ||
| 11. | STOCKS | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Merchandise | 10,445 | 8,440 | |||
| 12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Cash in Digital Wallets | 963 | 2,591 |
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continued...
The Kano Foundation
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Accrued expenses | 1,020 | 1,020 |
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
All assets and liabilities in the current and previous year were held as unrestricted funds.
15. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||
|---|---|---|
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
Net movement At At 1/8/24 in funds 31/7/25 £ £ £ 169,941 20,630 190,571 169,941 20,630 190,571 Incoming Resources Movement resources expended in funds £ £ £ 99,433 (78,803) 20,630 99,433 (78,803) 20,630 Net movement At At 1/8/23 in funds 31/7/24 £ £ £ 167,615 2,326 169,941 167,615 2,326 169,941 |
At 31/7/25 £ 190,571 |
| 190,571 | ||
| 169,941 |
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The Kano Foundation
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 83,826 | (81,500) | 2,326 |
| Restricted funds | |||
| Awards For All | 3,000 | (3,000) | - |
| TOTAL FUNDS | 86,826 | (84,500) | 2,326 |
16. RELATED PARTY DISCLOSURES
During the year ended 31 July 2025, two trustees donated a total of £252 to the charity (2024: One trustee donated a total of £240).
17. PURPOSE OF FUNDS
General - The unrestricted, free reserves of the charity
Awards For All Grant - To be used towards 'Days out with the kids' project. This was used to take more than 50 young people on a trip to visit Wrexham Football Club.
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