REGISTERED CHARITY NUMBER: SC044404
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
FOR
KEANE'S STARS
Goldwells Wards House Wards Road Elgin Moray IV30 1NL
KEANE'S STARS
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
| Page | |||
|---|---|---|---|
| Trustees' Report | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
KEANE'S STARS
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025
The trustees present their report with the financial statements of the charity for the year ended 31st December 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
To relieve those in need by reason of age, ill health, disability, financial hardship or other disadvantage by providing financial assistance to families in the Moray area caring for a child with ill health for costs relating to travel, accommodation, and with special aids when public services (NHS or social work) cannot provide this additional support. Keane's Stars was also established to advance education about child health issues, in particular Neurofibromatosis.
Activities:
To raise funds for children's charities and organisations that provide support to families that are caring for a child with ill health.
To organise 'special appeals' if a particular treatment was available for a child with ill health for moray that fitted our eligibility criteria, but the cost of accessing the treatment was prohibitive.
To provide grants to assist with the financial burden faced by and families caring for a child with ill health for costs relating to travel, accommodation, special aid, specialist treatment and anything that will help make children and their families as comfortable as possible when public services (NHS or social work) cannot provide this additional support
To provide education about child health issues in particular Neurofibromatosis and work with other charities, including 'Funny Lump' (SC039910) which provides support to people affected by Neuofibromatosis.
To participate in research by Aberdeen University through Royal Aberdeen Children's Hospital on children's illnesses.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities:
The charity has continued to provide support to Keane and his family through the supply of development equipment and also financial assistance to aid the travel and other direct costs in relation to treatment and support.
During the year the charity continued to support other local children of ill health. This included assisting with equipment and also financial assistance for costs of care and travel to hospital and specialist appointments.
FINANCIAL REVIEW
Financial position
Total income amounted to £227 (2024 - £731), income is received in the form of donations and fundraising activities. Total expenditure amounted to £5,832 (2023 - £4,436), all expenditure incurred is done so in order to help the charity meets its charitable objectives. As a result of this the charity reported a deficit of £5,605 (2024 £3,705).
Unrestricted cash reserves of £1,016 (2024 - £6,051) were available at 31 December 2025 and will allow us to continue supporting children of ill health and their families with travel and other associated direct costs. The trustees' policy is to maintain cash reserves at around 12 months of normal running costs in order to meet commitments and to cover any unexpected expenditure.
FUTURE PLANS
Our aim is to keep providing children and families with travel and living expenses whilst having to attend hospitals out with Moray, providing children with sensory aids that shall enhance their life and continue to support Funny Lumps.
The trustees' are responsible for the maintenance and integrity of the charity and financial information included on the Charity website. Legislation in the United Kingdom governing the preparation and dissemination of the accounts may differ from the legislation in other jurisdictions.
Page 1
KEANE'S STARS
TRUSTEES' REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Charity constitution
The Charity is a Scottish Charitable Incorporated Organisation (SCIO). It was registered in its current legal form on 07 November 2013. It has a single tier structure and as such the trustees are the members of the charity. The governing document of the charity is its constitution.
Recruitment and appointment of new trustees
Charity Trusteeship is open to any person aged 16 or over, any individual who has been nominated for membership by an unincorporated organisation or any corporate body, who subscribes to the purposes of the organisation and wishes to see them fulfilled.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number SC044404
Principal address
c/o Jenna Arnott 8 Bain Avenue New Elgin Elgin Moray IV30 6GB
Trustees
H Robertson - Chairperson P Murray D Breen S Munro K Girvin J Arnott L Mitchell L Smith R Muir
Independent Examiner Melanie Francis ACCA Goldwells Wards House Wards Road Elgin Moray IV30 1NL
Approved by order of the board of trustees on 9th March 2026 and signed on its behalf by:
J Arnott - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KEANE'S STARS
I report on the accounts for the year ended 31st December 2025 set out on pages four to eight.
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
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
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.
Melanie Francis ACCA
The Association of Chartered Certified Accountants
Goldwells Wards House Wards Road Elgin Moray IV30 1NL
9th March 2026
Page 3
KEANE'S STARS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 227 | 731 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| General Fund | 5,832 | 4,436 | |
| NET INCOME/(EXPENDITURE) | (5,605) | (3,705) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 6,051 | 9,756 | |
| TOTAL FUNDS CARRIED FORWARD | 446 | 6,051 |
The notes form part of these financial statements
Page 4
KEANE'S STARS
BALANCE SHEET 31ST DECEMBER 2025
| 2025 | 2025 | 2024 | ||
|---|---|---|---|---|
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | £ | £ | £ | |
| CURRENT ASSETS | ||||
| Cash at bank | 1,016 | 6,591 | ||
| CREDITORS | ||||
| Amounts falling due within one year | 3 | (570) | (540) | |
| NET CURRENT ASSETS | 446 | 6,051 | ||
| TOTAL ASSETS LESS CURRENT | ||||
| LIABILITIES | 446 | 6,051 | ||
| NET ASSETS | 446 | 6,051 | ||
| FUNDS | 4 | |||
| Unrestricted funds | 446 | 6,051 | ||
| TOTAL FUNDS | 446 | 6,051 |
The financial statements were approved by the Board of Trustees and authorised for issue on 9th March 2026 and were signed on its behalf by:
J Arnott - Trustee
The notes form part of these financial statements
Page 5
KEANE'S STARS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
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.
Taxation
The charity is exempt from tax on its charitable activities.
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.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2025 nor for the year ended 31st December 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2025 nor for the year ended 31st December 2024.
continued...
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KEANE'S STARS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 4. MOVEMENT IN FUNDS |
2025 £ 570 |
2024 £ 540 |
|---|---|---|
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1.1.25 | in funds | 31.12.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 6,051 | (5,605) | 446 | |
| TOTAL FUNDS | 6,051 | (5,605) | 446 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 227 | (5,832) | (5,605) | |
| TOTAL FUNDS | 227 | (5,832) | (5,605) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.1.24 | in funds | 31.12.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 9,756 | (3,705) | 6,051 | |
| TOTAL FUNDS | 9,756 | (3,705) | 6,051 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 731 | (4,436) | (3,705) |
| TOTAL FUNDS | 731 | (4,436) | (3,705) |
continued...
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KEANE'S STARS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025
4. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.24 | in funds | 31.12.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 9,756 | (9,310) | 446 |
| TOTAL FUNDS | 9,756 | (9,310) | 446 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 958 | (10,268) | (9,310) |
| TOTAL FUNDS | 958 | (10,268) | (9,310) |
5. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2025.
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KEANE'S STARS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 227 | 731 |
| Total incoming resources | 227 | 731 |
| EXPENDITURE | ||
| Charitable activities | ||
| Insurance | 101 | 273 |
| Donations | 5,000 | - |
| Keane's travel expenses | 131 | 3,623 |
| 5,232 | 3,896 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 600 | 540 |
| Total resources expended | 5,832 | 4,436 |
| Net expenditure | (5,605) | (3,705) |
This page does not form part of the statutory financial statements
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