REGISTERED CHARITY NUMBER: SC047599
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
FOR
KPE4 CHARITABLE TRUST
KPE4 CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 5 April 2025
| Page | ||
|---|---|---|
| Report of the Trustees | 1 to | 3 |
| Report of the Independent Auditors | 4 to | 5 |
| Statement of Financial Activities | 6 | |
| Balance Sheet | 7 | |
| Cash Flow Statement | 8 | |
| Notes to the Cash Flow Statement | 9 | |
| Notes to the Financial Statements | 10 to | 17 |
KPE4 CHARITABLE TRUST
REPORT OF THE TRUSTEES for the year ended 5 April 2025
The trustees have the pleasure of presenting their report for the period from 6 April 2024 to 5 April 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the charity's trust deed, the Charities and Trustee Investment (Scotland) Act 2005, The Charities Accounts (Scotland) Regulations 2006 (as amended) and 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 purposes of the Trust as set out in the Trust Deed are, for the benefit of the public in Scotland and elsewhere, for payment or application of the whole free income and if the trustees think fit having regard to the specific nature of any project or proposal they have been asked to support, the capital of the Trust fund from time to time in the trustees' charge for any of the after mentioned purposes, namely:-
-
the prevention or relief of poverty
-
the advancement of education
-
the advancement of health
-
the saving of lives
-
the advancement of citizenship or community development
-
the advancement of the arts, heritage, culture or science
-
the advancement of public participation in sport
-
the provision of recreational facilities or the organisation of recreational activities with the object of improving the conditions of life for the persons for whom the facilities are primarily intended
-
the advancement of human rights, conflict resolution or reconciliation
-
the promotion of racial harmony
-
the promotion of equality and diversity
-
the advancement of environmental protection or improvement
-
the relief of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage
-
the advancement of animal welfare; and
-
any other purpose that may reasonably be regarded as analogous to any of the preceding purposes.
Grantmaking
The Trustees receive applications from interested parties and make donations to Scottish charities in the Edinburgh, Lothians and Fife area. The Trustees monitor grant applications on an ongoing basis. The Trustees favour both large and smaller charities with a more modest income. In the following year, the Trustees will continue to consider all application for grants received from registered charitable bodies which, in their opinion, meet the appropriate criteria.
Awards may be made to other charitable organisations, but will only be made in support of a purpose which is charitable.
ACHIEVEMENTS AND PERFORMANCE Charitable activities
The total grants charged to the Statement of Financial Activities amounted to £1,814,471 (2024: £1,891,863).
FINANCIAL REVIEW
Financial position
Net income, before unrealised losses on investments, for the period was £3,282,991. After accounting for unrealised losses for the period of £6,989, net income for the period was £3,276,002.
Reserves Policy
It is the policy of the Trust to maintain unrestricted funds, which are the free reserves of the charity, at a level which provides funds to generate sufficient income to cover grants paid and the management, administration and support costs of the Trust in the medium to long term.
At 5 April 2025 total funds amounted to £7,627,278 (2024: £4,351,276). The balance of unrestricted reserves held is considered necessary to fund future operations.
FUTURE PLANS
The Trustees will continue to support charitable bodies which meet the purposes of the Trust Deed with a focus on charities in Edinburgh, particularly North Edinburgh.
Page 1
KPE4 CHARITABLE TRUST
REPORT OF THE TRUSTEES for the year ended 5 April 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The trust was established under a Declaration of Trust dated 29 June 2017 and was awarded charitable status on 25 July 2017.
Recruitment and appointment of new trustees
The initial trustees were appointed under the Declaration of Trust. Additional or replacement trustees may be appointed by the settlor or his survivor or, if there is no settlor, by the trustees. Trustees will be provided with such information and training as is considered necessary to enable them to carry out their duties.
Key management personnel remuneration
The trustees consider the Board of Trustees as comprising the key management personnel of the Trust in charge of directing and controlling operations on a day to day basis. No trustee was paid remuneration as a trustee during the period. Details of related party transactions are disclosed in note 16 of the financial statements.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number SC047599
Auditors
Johnston Smillie Ltd Chartered Accountants and Statutory Auditors 5 South Gyle Crescent Lane Edinburgh EH12 9EG
Bankers
Barclays Bank Plc 1 Churchill Place London E14 5HP
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Page 2
KPE4 CHARITABLE TRUST
REPORT OF THE TRUSTEES for the year ended 5 April 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and The Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 16 December 2025 and signed on its behalf by:
Page 3
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KPE4 CHARITABLE TRUST
Opinion
We have audited the financial statements of KPE4 Charitable Trust (the 'charity') for the year ended 5 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 5 April 2025 and of its incoming resources and application of resources, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:
-
the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
-
proper accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KPE4 CHARITABLE TRUST
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below: We obtained an understanding of the legal and regulatory frameworks applicable to the charity, focusing on provisions of those laws and regulations which could have a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included Scottish Charity legislation, UK tax legislation and the charity SORP.
We assessed the susceptibility of the charity's financial statements to material misstatement, including how fraud might occur, by considering our knowledge of the charity and the sector in which it operates. We considered the procedures and controls that are in place to address risks identified, or that otherwise prevent, deter and detect fraud.
Based on this understanding we designed our audit procedures to detect circumstances in which irregularities could result in material misstatement and to identify irregularities which may have occurred. Our procedures included: journal entry testing; enquiries of staff and those charged with governance; review of Board minutes; review of specific transactions and documentation; analytical procedures; and review of the presentation and disclosures in the financial statements.
We communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non compliance with laws and regulations throughout the audit.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulations. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Johnston Smillie Ltd Chartered Accountants and Statutory Auditors Eligible to act as auditors in terms of Section 1212 of the Companies Act 2006. 5 South Gyle Crescent Lane Edinburgh EH12 9EG
17 December 2025
Page 5
KPE4 CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 5 April 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 4 Investment income 5 Total EXPENDITURE ON Charitable activities 6 Support Costs Grants Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 5,087,500 21,468 5,108,968 11,506 1,814,471 1,825,977 (6,989) 3,276,002 4,351,276 7,627,278 |
Restricted fund £ - - - - - - - - - - |
2025 Total funds £ 5,087,500 21,468 5,108,968 11,506 1,814,471 1,825,977 (6,989) 3,276,002 4,351,276 7,627,278 |
2024 Total funds £ 36,034 24,763 |
|---|---|---|---|---|
| 60,797 | ||||
| 7,690 1,891,863 |
||||
| 1,899,553 | ||||
| 683,003 | ||||
| (1,155,753) 5,507,029 |
||||
| 4,351,276 |
The notes form part of these financial statements
Page 6
KPE4 CHARITABLE TRUST
BALANCE SHEET
5 April 2025
| Notes FIXED ASSETS Investments 11 CURRENT ASSETS Debtors 12 Cash at bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 14 NET ASSETS FUNDS 15 Unrestricted funds TOTAL FUNDS |
Unrestricted fund £ 2,755,791 1,017,500 3,938,106 4,955,606 (84,119) 4,871,487 7,627,278 - 7,627,278 |
Restricted fund £ - - - - - - - - - |
2025 Total funds £ 2,755,791 1,017,500 3,938,106 4,955,606 (84,119) 4,871,487 7,627,278 - 7,627,278 7,627,278 7,627,278 |
2024 Total funds £ 2,749,083 - 1,710,513 |
|---|---|---|---|---|
| 1,710,513 (94,320) |
||||
| 1,616,193 | ||||
| 4,365,276 (14,000) |
||||
| 4,351,276 | ||||
| 4,351,276 | ||||
| 4,351,276 |
The financial statements were approved by the Board of Trustees and authorised for issue on 16 December 2025 and were signed on its behalf by:
The notes form part of these financial statements
Page 7
KPE4 CHARITABLE TRUST
CASH FLOW STATEMENT for the year ended 5 April 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by/(used in) operating activities Cash flows from investing activities Purchase of fixed asset investments Interest received Dividends received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2025 £ 2,219,822 2,219,822 (13,697) 7,771 13,697 7,771 2,227,593 1,710,513 3,938,106 |
2024 £ (800,859) (800,859) (13,025) 11,738 13,025 11,738 (789,121) 2,499,634 1,710,513 |
|---|---|---|
The notes form part of these financial statements
Page 8
KPE4 CHARITABLE TRUST
NOTES TO THE CASH FLOW STATEMENT for the year ended 5 April 2025
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Losses/(gain) on investments Interest received Dividends received (Increase)/decrease in debtors Decrease in creditors Net cash provided by/(used in) operations |
2025 £ 3,276,002 6,989 (7,771) (13,697) (1,017,500) (24,201) 2,219,822 |
2024 £ (1,155,753) (683,003) (11,738) (13,025) 1,112,500 (49,840) (800,859) |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank Total |
At 6.4.24 £ 1,710,513 1,710,513 1,710,513 |
Cash flow £ 2,227,593 2,227,593 2,227,593 |
At 5.4.25 £ 3,938,106 3,938,106 3,938,106 |
|---|---|---|---|
The notes form part of these financial statements
Page 9
KPE4 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2025
1. LEGAL STATUS OF THE TRUST
The Trust is an unincorporated charitable trust constituted by a deed of trust and is registered in Scotland with its principal address at
The presentation currency of the financial statements is the Pound Sterling (£). Amounts are rounded to the nearest £.
2. 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)', the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities and Trustee Investment (Scotland) Act 2005. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Preparation of the accounts on a going concern basis
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Governance costs
Support costs are those functions that assist the work of the Trust but do not directly undertake charitable activities. Governance costs comprise all costs involving the public accountability of the Trust in compliance with regulation and good practice. These costs include costs relating to audit and accountancy.
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.
Debtors
Debtors are recognised at the settlement amount due. Prepayments are valued at the prepaid amount.
Cash at bank
Cash at bank 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 amount.
Creditors and provisions
Creditors and provisions are recognised where a present obligation from a passed event will probably result in the transfer of funds to a third party and the amount to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.
continued...
Page 10
KPE4 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 5 April 2025
2. ACCOUNTING POLICIES - continued
Fixed asset investments
Investments are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes net gains and losses arising on revaluation and disposals throughout the year.
Financial instruments
Financial instruments comprise financial assets and financial liabilities which are initially recognised at transaction value and subsequently measured at their settlement value with the exception of investments. Investments are measured initially at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.
Realised gains and losses
All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated as the difference between sales and proceeds and their opening carrying value or purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between fair value at the year end and their carrying value. Realised gains and losses are combined in the statement of financial activities.
3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or the period of the revision and future periods where the revision affects both the current and future periods.
In the opinion of the trustees, these financial statements do not include any critical accounting judgements or key estimates.
4. DONATIONS AND LEGACIES
| 4. DONATIONS AND LEGACIES |
|||
|---|---|---|---|
| Donations and legacies 5. INVESTMENT INCOME Other fixed asset invest - FII Deposit account interest |
2025 £ 5,087,500 2025 £ 13,697 7,771 21,468 |
2024 £ 36,034 |
|
| 2024 £ 13,025 11,738 |
|||
| 24,763 |
continued...
Page 11
KPE4 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 5 April 2025
6. CHARITABLE ACTIVITIES COSTS
| 6. CHARITABLE ACTIVITIES COSTS |
|||
|---|---|---|---|
| Support Costs Grants 7. GRANTS PAYABLE Grants |
Grant funding of activities (see note 7) £ - 1,814,471 1,814,471 |
Support costs (see note 8) £ 11,506 - 11,506 2025 £ 1,814,471 |
Totals £ 11,506 1,814,471 |
| 1,825,977 | |||
| 2024 £ 1,891,863 |
continued...
Page 12
KPE4 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 5 April 2025
7. GRANTS PAYABLE - continued
GRANTS TO INSTITUTIONS
| GRANTS TO INSTITUTIONS | ||
|---|---|---|
| 2025 | 2024 | |
| Grants paid during the period: | £ | £ |
| Midnight & Beyond | 206,600 | 108,000 |
| Spartans Community Football Academy | 162,750 | 93,000 |
| Edinburgh Academy | 122,689 | 108,652 |
| Seamab | 115,000 | 35,000 |
| Stepping Stones North Edinburgh | 80,000 | 133,000 |
| Freshstart (Scotland) | 75,000 | 75,000 |
| Outdoorclassrooms.scot Ltd | 65,050 | 29,850 |
| Light Up Learning | 60,000 | 60,000 |
| U-evolve | 50,000 | 60,000 |
| Move On | 46,700 | 34,000 |
| Craigroyston Primary School | 43,809 | 11,000 |
| Edinburgh EquiLearn CIC | 41,700 | 30,837 |
| Scran Academy | 40,000 | 58,980 |
| Reform Scotland | 40,000 | 30,000 |
| North Edinburgh Arts Ltd | 35,000 | 35,000 |
| Steps to Hope | 30,000 | 50,000 |
| Tinderbox | 30,000 | 50,000 |
| Pirniehall Primary School | 30,000 | 28,500 |
| Ferrywell Youth Project | 30,000 | 18,000 |
| Pauline Art Therapy | 28,000 | 28,601 |
| Fet-Lor Youth Club | 25,000 | 60,000 |
| Pilton Youth & Children's Project | 25,000 | 32,000 |
| Circle | 25,000 | 25,000 |
| Taylor Ed Foundation | 25,000 | 12,500 |
| Edible Estates | 23,000 | - |
| Granton Primary School | 22,210 | 21,150 |
| GB Snowsports Alpine | 21,000 | - |
| Dean and Cauvin | 20,999 | - |
| Familes Outside | 20,000 | 25,000 |
| Pregnancy Counselling Care | 20,000 | 20,000 |
| Aviation Perservation | 20,000 | - |
| Edinburgh Young Carers | 17,000 | 17,000 |
| Craigentinny School | 17,000 | 12,000 |
| School of Hard Knocks | 16,000 | 59,000 |
| Nicola Pickavance | 16,000 | - |
| Muirhouse Youth | 15,000 | 30,199 |
| Granton Youth | 15,000 | 25,000 |
| Forthview Primary School | 15,000 | 20,000 |
| Leith Primary School | 15,000 | 20,000 |
| Crew 2000 (Scotland) | 15,000 | - |
| Edinburgh City Foodbank | 12,000 | 10,000 |
| Winning Scotland | 10,694 | - |
| Impact Arts | 10,000 | 15,000 |
| The Polar Academy | 10,000 | 10,000 |
| Belinda Anderson | 8,250 | - |
| Pilton Community Health Project | 7,000 | 7,000 |
| North Edinburgh Festival | 6,000 | 10,000 |
| Clovenstone Primary School | 5,000 | 20,000 |
| Niddrie Mill Primary School | 5,000 | 20,000 |
| Sighthill Primary School | 5,000 | 20,000 |
| Edinburgh Science | 4,650 | 40,000 |
| Claire Watson Speech Therapy | 4,050 | 28,800 |
| The Yard | 2,000 | 10,000 |
| Norfolk Wildlife Trust | 1,000 | - |
| Rowan Alba | 1,000 | - |
| Grantham Community | 980 | - |
continued...
Page 13
KPE4 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 5 April 2025
7. GRANTS PAYABLE - continued
| St Andrew's Children Society ESMS Pickups for Peace iHeart Scotland Volunteering Matters Turn2us People Know How Wester Hailes Youth Agency St Crispin's After School Club SHE Scotland CIC Asthma and Allergy Foundation Salvation Army Simpsons Care for Carers D Neils Garden Spark St Davids Primary The University of Manchester City Arts Centre Grants less than £500 Total grants recognised in the year |
980 - - - - - - - - - - - - - - - - - - 360 1,814,471 |
- 162,724 60,000 20,000 20,000 15,000 10,000 5,000 4,000 3,040 1,500 1,500 1,500 1,000 1,000 1,000 1,000 (1,000) (62,470) - 1,891,863 |
|---|---|---|
In 2024 The University of Manchester were informed that the Trustees had approved to cease funding resulting in £1,000 that was previously committed being cancelled.
In 2024 The position at City Arts, that the previous year's grant funded, was vacated. As no replacement was sought the remaining balance of £62,470 was refunded.
8. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Support Costs | 262 | 11,244 | 11,506 |
| Support costs, included in the above, are as follows: | |||
| 2025 | 2024 | ||
| Support | Total | ||
| Costs | activities | ||
| £ | £ | ||
| Administrative expenses | 262 | 250 | |
| Accountancy and legal fees | 2,844 | 2,760 | |
| Auditors remuneration | 8,400 | 4,680 | |
| 11,506 | 7,690 |
continued...
Page 14
KPE4 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 5 April 2025
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.
10. EMPLOYEES
The charity has no employees.
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
11. FIXED ASSET INVESTMENTS
| MARKET VALUE At 6 April 2024 Additions Revaluations At 5 April 2025 NET BOOK VALUE At 5 April 2025 At 5 April 2024 |
Listed investments £ 2,724,389 - (6,989) 2,717,400 2,717,400 2,724,389 |
Cash and settlements pending £ 24,694 13,697 - 38,391 38,391 24,694 |
Totals £ 2,749,083 13,697 (6,989) 2,755,791 2,755,791 2,749,083 |
|---|---|---|---|
There were no investment assets outside the UK.
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Prepayments and accrued income | 2025 £ 1,017,500 |
2024 £ - |
|---|---|---|
continued...
Page 15
KPE4 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 5 April 2025
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Accrued expenses Accruals for grants payable |
2025 £ 11,244 72,875 84,119 |
2024 £ 7,320 87,000 |
| 94,320 |
14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| Accruals for grants payable MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 5,108,968 TOTAL FUNDS 5,108,968 Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 6.4.24 £ 4,351,276 4,351,276 Resources expended £ (1,825,977) (1,825,977) At 6.4.23 £ 5,507,029 5,507,029 |
2025 £ - Net movement in funds £ 3,276,002 3,276,002 Gains and losses £ (6,989) (6,989) Net movement in funds £ (1,155,753) (1,155,753) |
2024 £ 14,000 At 5.4.25 £ 7,627,278 7,627,278 Movement in funds £ 3,276,002 3,276,002 At 5.4.24 £ 4,351,276 4,351,276 |
2024 £ 14,000 |
|---|---|---|---|---|
15. MOVEMENT IN FUNDS
Net movement in funds, included in the above are as follows:
Comparatives for movement in funds
continued...
Page 16
KPE4 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 5 April 2025
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 60,797 60,797 |
Resources expended £ (1,899,553) (1,899,553) |
Gains and losses £ 683,003 683,003 |
Movement in funds £ (1,155,753) (1,155,753) |
|---|---|---|---|---|
16. RELATED PARTY DISCLOSURES
Trustees do not receive remuneration, expenses or other benefits from their work with the Trust.
The aggregate amount of unconditional donations from trustees during the year was £5,087,500 (2024: £Nil). In addition the Trust received management and administrative services donated by a company controlled by a trustee. It is not possible to measure reliably the value of these services.
Grants paid to Reform Scotland (also known as Enlighten) amounted to £40,000 (2024: £30,000) trustee, is currently serving as a trustee to Reform Scotland (Enlighten).
Page 17