**Kennedy & Geddes Trust Trustees’ Annual Report** 1 April 2024 to 31 March 2025
**For information, contact:**
## Kennedy & Geddes Trust
## **Kennedy & Geddes Trust**
Scottish Charity Number: SC051653
Address: Tynemount House Ormiston EH35 5NN
## Contact:
**2**
## **Charity Trustees**
1. 2. 3. 4.
## **Objectives and activities**
The Kennedy & Geddes Trust was set up by the Geddes family in March 2022 as a Scottish Charitable Incorporated Organisation. It is entirely funded by donations from The Explorer Group Limited (SC718037).
In recognition of the hardship suffered by many following the COVID crisis, the Geddes family set up the Trust as a grant giving body to provide money to local organisations helping those in need in Scotland.
The Trustees chose to narrow the focus of their charitable aims to the promotion of education in the broadest sense and the relief of poverty.
The Trust particularly focuses on education as the trustees believe in the value of education, not so much as a means to an end, but as an end in itself. Education and an ability to learn, both improve quality of life at every age and increase the choices available to throughout life whether that be further education or employment.
This past year the Trust has been pleased to have donated to:
Helm Training Ltd, Dundee The School Bank West Lothian Edinburgh School Uniform Bank East Lothian Food Bank Dundee & Angus Food Bank The Bridges Project, Musselburgh Bethany Christian Trust (Anne Hope House) Ocean Youth Trust FetLor Club, Edinburgh Chapter One Launch IT
**3**
East Lothian Food Bank
The Hygiene Bank Edinburgh Dundee United Community Trust Spartans Community Foundation Tall Ships Youth Trust Light Up Learning
The Trust is happy to receive applications for funding from charities whose activities fit within our stated aims.
## **Structure, governance and management**
## Constitution
The trust was registered as a SCIO on 21 April 2022.
## Management
No remuneration is paid to the Trustees. All provide their services on a voluntary basis.
## Trustee recruitment and appointment
The Board of Trustees is made up of members of the Kennedy and Geddes families. Two of those trustees are shareholders in the Explorer Group Limited.
The Board may at any time appoint a person to be trustee of the charity by way of resolution passed by a majority vote at a board meeting. The board shall have the power to remove any individual as a trustee by way of a resolution passed at a board meeting by a majority vote of three quarters or more of those trustees that are not subject to the proposed resolution.
## Financial review
Income for the year was £20,000. In the reporting period, £32,225 was spent. This includes £12,300 carried over from the previous year. Expected income for the period 2025/2026 is £40,000.
## Reserves Policy
The Trustees at this time believe that a minimal level of reserves is required given that financial support is given to charities in separate
**4**
one-off donations with no ongoing commitments. The Trust is dependent upon The Explorer Group for funding and having assessed the financial position of The Explorer Group, the Trustees do not believe that there is a significant level of risk around the funding of the Trust.
## **Future Plans**
For the year ahead the Trust will continue to support those charitable organisations in the United Kingdom who work to relieve poverty in local communities and to support organisations involved in the promotion and advancement of education.
## **Declaration**
Signed on behalf of the charity trustees:
Print name
Designation
Date
**----- Start of picture text -----**
Trustee
21 July 2025
**----- End of picture text -----**
**5**
## Independent Examiner’s Report to the Trustees of the Kennedy & Geddes Trust.
| report on the accounts of the charity for the year ended 31 March 2025 which are set out on pages 1 to 5.
## 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 trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 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 independent examiner's statement:
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
## Independent examiner's statement:
In the course of 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
- « to prepare accounts which accord with the accounting records and comply with Regulation 9 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.
## Relevant Professional qualification/professional body:
## Address:
**----- Start of picture text -----**
OMe DIL iy I59e
**----- End of picture text -----**
Enter SC No. below
APPENDIX 2
Enter charity name below
**SC051653**
## **Kennedy & Geddes Trust**
|||||**Kennedy & Geddes Trust**|**Kennedy & Geddes Trust**|**Kennedy & Geddes Trust**|**Kennedy & Geddes Trust**|**Kennedy & Geddes Trust**|**Kennedy & Geddes Trust**|**Kennedy & Geddes Trust**|**Kennedy & Geddes Trust**|**Kennedy & Geddes Trust**|**Kennedy & Geddes Trust**|**Kennedy & Geddes Trust**|**Kennedy & Geddes Trust**|**Kennedy & Geddes Trust**|||||||**SC051653**|**SC051653**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||**Receipts andpayments accounts**|||||||||||||||||||||
||||||||Period start date||||||||Period end date|Period end date|||||||||
|||**For the period**
**from**|||01
Day||04
Month||||2024
Year|**to**|Day
31||Month
03||||||Year
**2025**||||
|**Section A Statement of receipts and payments**|||||||||||||||||||||||||
|||**Unrestricted**
**funds**|||**Restricted**
**funds**||||**Expendable**
**endowment**
**funds**||||**Permanent**
**endowment**
**funds**||||**Total funds**
**current period**||||||**Total funds last**
**period**|**Total funds last**|
|||**to nearest £**|||**to nearest £**||||**to nearest £**||||**to nearest £**||||**to nearest £**||**to nearest £**||||**to nearest £**|**to nearest £**|
|**A1 Receipts**|||||||||||||||||||||||||
|Donations||**20**|**20,000**||||||||||||||**20**|**20**|**20**|**20**|**20,000**||||
|Legacies|||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|Grants|||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|Receipts from fundraisingactivities|||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|Gross tradingreceipts|||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|Income from investments other than|||||||||||||||||||||||||
|land and buildings|||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|Rents from land & buildings|||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|Gross receipts from other charitable|||||||||||||||||||||||||
|activities|||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
||||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|**_A1 Sub total_**|**_A1 Sub total_**|**20,000**|**20,000**||**-**|**-**|**-**||**-**|**-**|**-**||**-**|**-**|**-**||**20,000**|**20,000**|**20,000**|**20,000**|**20,000**||**-**|**-**|
|**A2 Receipts from asset &**|||||||||||||||||||||||||
|**investment sales**|||||||||||||||||||||||||
|Proceeds from sale of fixed assets
Proceeds from sale of investments
**_A2 Sub total_ -**
**-**
**-**
**_Total receipts_ 20,000**
**-**
**-**
~~—~~|||||||||||||**-**
**-**|**-**
**-**|**-**
**-**||**-**
**-**
**-**
**20,000**|**-**
**-**
**-**
**20,000**|**-**
**-**
**-**
**20,000**|**-**
**-**
**-**
**20,000**|**-**
**-**
**-**
**20,000**||**-**
**-**|**-**
**-**|
|**A3 Payments**|||||||||||||||||||||||||
|Expenses for fundraising activities|||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|Gross trading payments|||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|Investment management costs|||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|Payments relating directly to charitable|Payments relating directly to charitable||||||||||||||||||||||||
|activities||**32**|**32,072**||||||||||||||**32**|**32**|**32**|**32**|**32,072**||||
|Grants and donations|||||||||||||||||||||||||
||||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|Governance costs:|||||||||||||||||||||||||
||||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|Audit / independent examination|||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|Preparation of annual accounts|||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|Legal costs|||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|Other|Other|Other**153**|**153**||||||||||||||**153**|**153**|**153**|**153**|**153**||||
||||||||||||||||||**-**|**-**|**-**|**-**|**-**||||
|**_A3 Sub total_ **||**32,225**|**32,225**||**-**|**-**|**-**||**-**|**-**|**-**||**-**|**-**|**-**||**32,225**|**32,225**|**32,225**|**32,225**|**32,225**||**-**|**-**|
|**A4 Payments relating to asset and**|||||||||||||||||||||||||
|**investment movements**|||||||||||||||||||||||||
|Purchases of fixed assets
**-**
Purchase of investments
**-**
**_A4 Sub total_ -**
**-**
**-**
**-**
**-**
**-**
**_Total payments_ 32,225**
**-**
**-**
**-**
**32,225**
**-**
~~——————~~|||||||||||||||||||||||||
|**_Net receipts / (payments)_**
**A5 Transfers to / (from) funds**
**_Surplus / (deficit) for year_**|**12,225)**
**(**
**-**
**-**
**12,225)**
**(**
**-**
**-**
~~———~~||||||||||||||**-**
**-**|||||**(**
**(**|**12,225)**
**(**
**-**
**12,225)**
**(**|||**-**
**-**|
APPENDIX 2
**Kennedy & Geddes Trust**
**SC051653**
## **Section B Statement of balances**
|**Categories**
**Signed by one or two trustees**
**on behalf of all the trustees**
**B3 Other assets**
**B5 Contingent liabilities**
**B4 Liabilities**
**B1 Cash funds**
**B2 Investments**|**Details**|**Unrestricted**
**funds**
**to nearest £**
**12,319**
**12,225)**
**(**|**Restricted funds**
**to nearest £**|**Expendable**
**endowment**
**funds**
**to nearest £**|**Permanent**
**endowment**
**funds**
**to nearest £**|**Permanent**
**endowment**
**funds**
**to nearest £**|**T**|**otal current**
**period**
**to nearest £**|**Total last period**
**to nearest £**|
|---|---|---|---|---|---|---|---|---|---|
||Cash and bank balances at start of year|||||||**12,319**||
||Surplus / (deficit) shown on receipts and
payments account|||||||**12,225)**
**(**||
|||||||||**-**||
|||||||||**-**||
||**Cash and bank balances at end of year**
(Agree balances with receipts and payments
account(s))
**Details**|**94**|**-**|**-**|**-**|||**94**|**-**|
|||-|
-|
-
**Fund to which**|
-
**asset belongs**||
|-
**arket valuation**
**to nearest £**|
-|
||||||||**M**||**Last year**
**to nearest £**|
|||||||||||
|||||||||||
|||||||||||
|||||||||||
|||||||||||
||**Details**||**Fund to which**|**asset belongs**|**Total**
**Cost (if available)**
**to nearest £**|||**-**|
**-**|
||||||||**C**|**urrent value (if**
**available)**
**to nearest £**|**Last year**
**to nearest £**|
|||||||||||
|||||||||||
|||||||||||
|||||||||||
|||||||||||
|||||||||||
|||||||||||
|||||||||||
|||||||||||
||**Details**|||**Total**
**-**
**Fund to which liability relates**|**-**||
|**-**|
**-**|
|||||||||**Amount due**
**to nearest £**|**Last year**
**to nearest £**|
|||||||||||
|||||||||||
|||||||||||
|||||||||||
|||||||||||
||**Details**|||**Total**
**Fund to which liability relates**||||**-**|**-**|
|||||||||**Amount due**
**(estimate)**
**to nearest £**|**Last year**
**to nearest £**|
|||||||||||
|||||||||||
|||||||||||
||**Signature**|||**Total**
**Print Name**||||**-**|
**-**|
||||||||||**Date of**
**approval**|
||||||||||##############|
|||||||||||
|||||||||||
/ Statement of balances
2
December 2007
APPENDIX 2
**Kennedy & Geddes Trust**
**SC051653**
## **Section C Notes to the Accounts**
**C1 Nature and purpose of funds** _(may be stated on analysis of funds worksheets)_
Funds distributed by way of donations in accordance with the Trust's constitution.
## **C2 Grants**
## **C3a Trustee remuneration**
|**Type of activity or project supported**|**Individual /**
**institution**|**Number of grants**
**made**
**£**|**Number of grants**
**made**
**£**|
|---|---|---|---|
|||||
|||||
|||||
|||||
|||||
|||**Total**|**-**
|
|||||
|If no remuneration was paid during the period to any charity trustee or person connected to
a trustee cross this box (otherwise complete section 3b)|||**x**|
|**Authority under which paid**|||**£**|
## **C3b Trustee remuneration - details**
## **C4a Trustee expenses**
## **C4b Trustee expenses - details**
## **C5 Transactions with trustees and connected persons**
|If no expenses were paid to any charity trustee during the period then cross
(otherwise complete section 4b)|If no expenses were paid to any charity trustee during the period then cross
(otherwise complete section 4b)|this box|**x**|
|---|---|---|---|
||**Nature of transaction**|**Number of**
**trustees**
**£**||
|||||
|||||
|||||
|||||
|||||
|**Nature of relationship**||**Transaction**
**amount (£)**
**Balance**
**outstanding at**
**period end (£)**||
|||||
|||||
|||||
|||||
|||||
## **C6 Other information**
/ Notes
3
December 2007
APPENDIX 2
/ Notes
December 2007
4
APPENDIX 2
**Kennedy & Geddes Trust**
**SC051653**
## **Additional analysis (1)**
## **Analysis of receipts and payments**
## **1 Donations**
|**1 Donations**|||||||
|---|---|---|---|---|---|---|
||**Unrestricted**
**funds**
**to nearest £**|**Restricted funds**
**to nearest £**|**Expendable**
**endowment**
**funds**
**to nearest £**|**Permanent**
**endowment**
**funds**
**to nearest £**|**Total current**
**period**
**to nearest £**|**Total last**
**period**
**to nearest £**|
|The Explorer Group|**20,000**||||**20,000**||
||||||**-**||
||||||**-**||
||||||**-**||
|**Total**
**2 Grants**|**20,000**|**-**|**-**|**-**|**20,000**|**-**|
||**-**
**Unrestricted**
**funds**
**to nearest £**|**-**
**Restricted funds**
**to nearest £**|**-**|**-**|**-**
**Total current**
**period**
**to nearest £**|**-**
**Total last**
**period**
**to nearest £**|
||||||**-**||
||||||**-**||
||||||**-**||
||||||**-**||
|**Total**
**3 Gross receipts from other charitable activities**|**-**|**-**|||**-**|**-**|
||**-**
**Unrestricted**
**funds**
**to nearest £**
|**-**
**Restricted funds**
**to nearest £**|**Expendable**
**endowment**
**funds**
**to nearest £**|**Permanent**
**endowment**
**funds**
**to nearest £**|**-**
**Total current**
**period**
**to nearest £**|**-**
**Total last**
**period**
**to nearest £**|
||||||**-**||
||||||**-**||
||||||**-**||
||||||**-**||
||||||**-**||
||||||**-**||
||||||**-**||
||||||**-**||
|**Total**|**-**|**-**|**-**|**-**|**-**|**-**|
||-|-|-|-|-|-|
## **4 Payments relating directly to charitable activities**
|Helm Training Ltd, Dundee
FetLor, Edinburgh
The School Bank West Lothian
Edinburgh School Uniform Bank
Dundee & Angus Food Bank
Bethany Christian Trust (Anne Hope House)
Ocean Youth Trust
The Bridges Project, Musselburgh
Chapter One
Launch IT
East Lothian Food Bank
The Hygiene Bank Edinburgh
Dundee United Community Trust
Spartans Community Foundation
Tall Ships Youth Trust
Light Up Learning
**Total**|**Unrestricted**
**funds**
**to nearest £**|**Restricted funds**
**to nearest £**|**Expendable**
**endowment**
**funds**
**to nearest £**|**Permanent**
**endowment**
**funds**
**to nearest £**|**Total current**
**period**
**to nearest £**|**Total last**
**period**
**to nearest £**|
|---|---|---|---|---|---|---|
||**8,000**||||**8,000**||
||**1,000**||||**1,000**||
||**500**||||**500**||
||**1,038**||||**1,038**||
||**500**||||**500**||
||**2,000**||||**2,000**||
||**1,000**||||**1,000**||
||**3,000**||||**3,000**||
||**1,000**||||**1,000**||
||**2,000**||||**2,000**||
||**966**||||**966**||
||**568**||||**568**||
||**3,000**||||**3,000**||
||**3,000**||||**3,000**||
||**3,000**||||**3,000**||
||1500||||**1,500**||
||**32,072**|**-**|**-**|**-**|**32,072**|**-**|
||-|-|-|-|-|-|
Additional notes (1)
December 2007
APPENDIX 2
**SC051653**
## **Additional analysis (2)**
|**Receipts**
**5 Breakdown of unrestricted funds**|**Unrestricted**
**fund 1 - enter**
**name of fund**
**below**|**Unrestricted**
**fund 1 - enter**
**name of fund**
**below**|**Unrestricted**
**fund 2 - enter**
**name of fund**
**below**|**Unrestricted**
**fund 3 - enter**
**name of fund**
**below**|**Unrestricted**
**fund 4 - enter**
**name of fund**
**below**|**Total**
**unrestricted**
**funds**|**Total**
**unrestricted**
**funds last**
**period**|
|---|---|---|---|---|---|---|---|
|Donations|**20,000**|||||**20,000**||
|Legacies||||||**-**||
|Grants||||||**-**||
|Receipts from fundraisingactivities||||||**-**||
|Gross tradingreceipts||||||**-**||
|Income from investments other than land and buildings||||||**-**||
|Rents from land & buildings||||||**-**||
|Gross receipts from other charitable activities||||||**-**||
|**_Sub total_**
**Receipts from asset & investment sales**|**20,000**||**-**|**-**|**-**|**20,000**|**-**|
|||||||-||
|Proceeds from sale of fixed assets||||||**-**||
|Proceeds from sale of investments||||||**-**||
|**_Sub total_**
**_Total receipts_**
**Payments**|**-**||**-**|**-**|**-**|**-**|**-**|
||**20,000**||**-**|**-**|**-**|**20,000**|**-**|
||**32,072**
**153**|||||-||
|Expenses for fundraisingactivities||||||**-**||
|Gross trading payments||||||**-**||
|Investment management costs||||||**-**||
|Payments relatingdirectlyto charitable activities||||||**-**||
|Grants and donations|**32,072**|||||**32,072**||
|Governance costs:||||||**-**||
|Audit / independent examination||||||**-**||
|Preparation of annual accounts||||||**-**||
|Legal costs||||||**-**||
|Other|**153**|||||**153**||
|||||||**-**||
|**_Sub total_**
**Payments relating to asset and investment**
**movements**|**32,225**||**-**|**-**|**-**|**32,225**|**-**|
|||||||-||
|Purchases of fixed assets||||||**-**||
|Purchase of investments||||||**-**||
|**_Sub total_**
**_Total payments_**
**_Net receipts / (payments)_**
**Transfers to / (from) funds**
**_Surplus / (deficit) for year_**|**-**||**-**|**-**|**-**|**-**|**-**|
|||||||-||
||**32,225**||**-**|**-**|**-**|**32,225**|**-**|
|||||||-||
||**12,225)**
**(**||**-**|**-**|**-**|**12,225)**
**(**|**-**|
|||||||||
|||||||**-**||
|||||||||
||**12,225)**
**(**||**-**|**-**|**-**|**12,225)**
**(**|**-**|
|||||||-||
|**Nature andpurpose of funds**||||||||
|||||||||
Additional notes (2)
December 2007