COMPANY REGISTRATION NUMBER SC452721 KARELE LTD COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 30 JUNE 2025 Afn&iGLe£L Accc￿?￿S 2L , Cdknr Charity Number SCO 45303 *AEU58(WF* 2WOir2026 COMPANIES HfAtsE A18 246 KARELE LTD COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDEO 30 JUNE 2025 Contents Pag• Membefs of the Board and prcAe￿"0naI ath.se Directors Report Independent examinerfs report to the trustees and members Statement of Financial Activities lincorFQTating the income and expenditure acco￿tI Balance sheet Notes lo the financial statemenis KARELE LTD COMPANY LIMITED BY GUARANTEE MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS R•gl$tered ¢harity Trame Kare￿ Ltd Charity number SC045303 Company regi8tr•tlon numb•r SC452721 Registered office 30 1)obson's WaLk Haddington EH414RU Dirttlors C Ferguson J Sulaiman S M¢Nab C Barratt A Curran Ind•pendent Examiner Jan Greig C A G Greig Ch¥tered Accounlant & Registered Auditor 1 Millar Grove Hamilton ML3 9BF The Directors present their report and the Una￿￿lted financaal sLknents of Ihe coryany for the year ended 30 June 2025. Referon¢e and administrativo details Reference and adrnillislralive details are shown in the schedule of members of the board and professtonal advisers on pages 1 to 2 of the finan¢k81 stslements. Directo The Directors who served the company thring the peritra We￿ as follows." C Ferguson J Sulaiman S McNa) C Barratt Structure, governance and managemènt Karele Ltd Limited is conslituted as a company limrted by guarafttee and reecontsed a$ a charty by the Office of scotb.sh Charities Regulalor and HM Revenue and Custom5. The c￿npanY ts govemed by rts Directors who sets over8N objectives and FM)ITCtes as well as overseeing and o)ntrolling acts"vilies. Objectives and Activities.. The principle actJ"vilres of the compary is to provide Equine Facilitated wellness and leaming acttrvrties to a wide fange ol individuals. Achi•Yements and p¢rfornian KARELE is al present working out of SunnysKle Fami near Haddington wilh 300+ clients and with developing partnerships wrtb a wide range of other groups. Financial rovi The results for the year to 30 June 2025 Sh￿ a der￿t for the year of £3.745. Going Con¢¢m The company has liquid financial resource5. Accordingty. the directors continue lo adopt the going concern basis in prepariro the financial statements. Plans for future p•riods= . To conb'nue to develop mutti social benefit through our business . To expand OLtr service to other user groups I pre*mpwmenl groups. employment groups using our Youth Scotland and SQA awards virth a f￿$ on chik1￿n . young people and adults vAth barriers and disadvantage } . To purchase a bespoke sile lo suit mulb soc4al needs I Sunnyswje Farm ) . To purchase a horsebox and provide our in the communty • To become sebf sufficient . To become a 9rant prov*Jer to other sooal ertsrwises Respon$iblliti•s of the Dlrectors The Directors are le¥￿A$1ble for prepanng the Diwlors. Report and the financol slalements in accordance with appl￿b￿ law and Unrted knngdom Accounts"ng Standards (United lQ"ngdom Generally Accepted Accounting Practice). Company law requires the Direrknrs to prepare financial statements for exh financral year give a true and fair vw of the slate of affairs of the Charitab￿ company and of the incoming resources and applicats.on of resources. induding the incnme and expentliture. of the charrtable company for that period. In preparing these finanaal ststwments. the Directors are required lo". ' sekct suitable accountry Pol￿eS and then apply them consistenty", . observe the methods and piincyles in the Charit*s SORP. . make judgements and estimates that are reasonable and pn￿ent,. ' state whether appluble UK Accounting Stsndards have been followed. sut4.ect to any material departures di￿lOSed and e*ined in the financial ststemenls. . prepare the financial ststements on the going concem basis unless it is inaFvopriale to presume that the tharitable company will continue in operation. The Directors are responsible for kewng proper accounling records thal disdose with ￿8$Onable accuracy at any time the finan￿al F#)Sition of the charrtable company and enab￿ it to ensure that the financial statements comply wth the Companies Act 2(￿￿. The Directors awe also responsible for safeguarding the assets of the Charitab￿ company and hence for takn.ng reasonable steps for the prevention and deteCt￿n of fraud and other Irregulant￿8. Small ¢ompany provisions This report has been prepared in accordar*E with the speual prov￿￿ns￿￿srna1E companies under Part 15 of the Companies Act 20C6. Registered office: 30 Dobson's Walk Haddington EH414RU Sigr*d by order of the Board C Ferguson Director 24 Septemter 2025 KARELE LTD COMPANY LIMITED BY GUARANTEE YEAR ENDED 30 JUNE 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND MEMBERS OF KARELE LTD l report on the accounts of the chanty for the year ended 30 June 2025 that are set out on pages S 10 10 R•$pocllve rnsponsibililies of th• Dir•¢tors and Indopendent Examin•r TheD1￿CtorS are ￿sponSIble for Ihe preparalion of the accounls in accordance with the terms of ihe Charities and Trustee Investsnent Iscoyandl Act 2CiIS and the Charrties A¢￿UnIS {Scotland) Regulations 2￿. The ¢harty wuncil ¢on&ders that the audit requirement of Regulation 1011)lal to Icl ofthe 2006 Accounts Regulations does Mt appty. 11 is my respxjnsibilrty to examine the accounts as required under ￿tIOn 4411llcl of the Act and to state whether particular matters have C¢￿￿e to my attentK)n. Basis of Independent ¢xaminèrf$ ststement My examination is Carr￿ out in accordance wbth Regulation 11 of the 2006 Accounts Regulations. examination includes a review of the accounting records kept by the charity * a comparison of the accounts presented with those records. It also indudes consideral*)n of any unusual iterns or disclosures in the accounts. arKI seeks eXp￿nat￿nS frorn the trustees con￿mIng any such matters. The procedures undertaken do rtot provtde all the e¥￿er￿e that would be required in an audit, and consequenlty I donot express an audrt wnion on the given by the accounts. Independent Examinerfs slatement In the ctsjrse of my examinatKJn. no matter has come to my attentk)n 1. which gNes me reasonable cause lo believe that in any material aspect the requirements.. - to keep accounting reeords in accordanee wrth Seth"on 44111{a) of the 2CXJ5 Act and Regulation 4 of the 20CE Accounts Regulations. and - lo prepare acLounls which accord wth Ihe accounting records aThJ compty with Regulatson 8 of the 20C6 Accounts RegUlat￿Tr$ have not been mel, or 2. to which. in my opinion, att￿tIon Sh￿JId be drawn in order to enable a yoper understanding ol the accounts to be ￿aChed. Alan Gre¢g. A G Greig Chartered Accountsnts & Registered Audilors 1 Mi118f Gr¢)ve Hamilton ML3 9BF 24 September 2025 KARELE LTD COMPANY LIMITED BY GUARANTEE STA TEMENT OF FINANCIAL ACTMTIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNTI YEAR ENDED 30 JUNE 2025 Restated Total Funds 2024 Unrestri¢ted Funds Restricted Funds Total Funds 2025 Incomlng resourc•s Incoming resources from generatin9 funds.. Voluntary In￿Me Activities for generatsng funds Investment incc4ne 97.119 97.119 38,912 87.986 87.986 71,991 Total In¢oming r•sour¢•s Resources expended Chantable aclivitses Governance costs 165.105 165.10S 110,903 (168,500) 1350) 1168.850) 1168,500) 1350) 1105.940) 13501 (106,2901 Tot41 resour¢•s expend•d Net in¢oming rnsourc•s for th• year Realised Gainslllosses) Unrealised Gainslllossesl on inveslments 1168.8501 Net movement In fundslnet in¢om* for th¢ year Reconciliation of funds Total funds brought f(￿ard .Total funds carrl¢d forward 13.745) {3.745) 4.613 4.958 4958 1.213 345 1.213 4,958 The Ststement of Finan¢bal ACtNIt￿ includes all gains and losses in the year and therefore a ststement of totsl recDJntsed gains and losses has not been prepared. All of Ihe akne amwnts relate io continuThJ actwittes. The notes on pages 7 to 10 form part of these finan¢ial statement8. KARELE LTD COMPANY UMITED BY GUARANTEE BALANCE SHEETf¢onUou8dJ 30 JUNE 2025 Restsled 2024 2025 Fix•d assets Tangible assets Investments Current assets Stocks Debtors Cash at bank and in hand 1.213 24,958 1.213 24,958 20,000 Creditors- Amounts falling due within one year 12 Net Current ass•ts 1.213 4,958 Total assots less current liabilities 1.213 4.958 N•t as$•ts 1.213 4,958 Fynds Restricted income funds Unre51ri¢led income funds 13 1.213 4,958 Total fund$ 1.213 4,958 For the year ended 30 June 2025 the company was entitled to eXeMpt￿n from audit under section 477of the Companies Act 2006 relatr.ng to small e£Jmpanies. Oirectors. responsibilrtjes: The members have not reqLbired the cA)mpany to obtain an aud* of ris aceounts for the year in question in accordan￿ with section 476". and .The Directors a¢knO￿dge their responsibilit*s for comptying wrth the requirements of the Act with respect to accounting records and the preparats.on of accounts. These accounts have been p￿Pared in a￿rdance wth the provisions appluble lo companies subject to small companies. regime. These financial ststements were approved by the councltors al￿ authorised for issue on 24 September 202S and are 5￿fied on their behalf by". C Ferguson Director Company Registration Number SC452721 Th• not¢s on pages 7 to 10 foffli part of these financial statements. KARELE LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2025 General lftfom?ation The charity is a ￿ale company limrted by guarantee. wistered in Scotland and a registered charity in Scolland for public benefit The address of ts registered office is 30 Dobson's Walk, Haddinglon. East Lothian. EH41 4RU. Statemont of ¢omplian These financwl ststements have been preparest. Depreciation Depreciation is cakuLated so as to wrile off the cost of ￿ asset, less its estimated residual value, over the usefiJl economic lrfe of that asset as follows." Fixtures & oifice Equipment 20% Reducing Balance Voluntary income Unrestricted Total Fund8 Total Fbjnds Fund% 2025 2024 Donations Grant$ and donat￿n$ 77.119 77,119 38.972 Incoming resources Irom activities for generating funds Unrestricted Total Funds Total Funds Fund5 2025 2024 Tull1￿ actiwlies 87.986 87.986 71,991 87,986 87.986 71,991 Investment Incom• Unr•strl¢t•d Total Funds Total Funds Funds 2025 2024 Income from UK I￿ted invesknents Other interest receivable KARELE LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2025 Costs of charitable activitie6 by fund type Unrestricted Tolal Funds Total Funds Funds 2025 2024 Administration Costs 168.500 168.500 105,940 Govoman¢o ¢0sts Unrestricted Total Funds Total Funds Funds 2025 2024 Professb)nal fees & other charges 350 350 350 350 Net incoming resourtes for the year This is stated after tharging.. 2025 2024 Deprecialron 10. St•ff costs and 8molumonts Total staff Costs warn a$ follows: 202S 2024 14Vages and salaries Social security costs Particularn of employees: The average number ofemployees I￿ring Ihe year. cakuLated on the basis of full-time equNalents. was as follows.. 2025 No 2024 No Number of a¢knnislratNe staff No employee received remuneration d more than £60.000 during the year12024 - Nil}. KARELE LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2025 11. Debtors 2025 2024 Trade debtors Other debtOTS 12. Creditorn . Amounts falling due within one year 2025 2024 Trade creditors Deferred income 20,000 20.000 13. Unrestricl8d income funds Balance at Incoming 1 Jul 2024 resources Outgolng Gains and Balance at losw 30 Jun 2025 General Funds 24.958 145.105 (168.850) 1.213 Grant Incorne Magdalene Hospital Trust National Lottery Awards 4 All Dr Guthrie's Trust .Edin and Lothian trLJSt Fun(J Stattord Trust Robertson Trust Skipion Anton Jurgen The Cordis Trust Haoreaves Foundation Foyle Foundation Volant Trust Dunbar and East Linton Partnership Haddington Sand Lammemiuir Partnership Dr Gulhrie's Trust 20.000 i.o(JJ 2.000 4,000 9.000 4.500 5.000 3,000 10.080 4.800 4.921 2,318 1.000 77.119 14. Analysis of nrt assets betwe•n funds Tangible fix•d assets Inv•stm•nts Net current a¥sets Tolal Llftrnstricted Income Funds 1213 1.213 Total Funds 1.213 1.213 15. Company limited by guarant The company is limrted by Guarantee, as such. on winding up each memberfs liabilty is restricted 10£1. la