REGISTERED CHARITY NUMBER.. 1153002 (S¢otlattd) KYLE MCKEAN FOUNDATION 4 GREENLAW PATH CHAPELHALL FINANCIAL STATEMENTS FOR THE PEIUOD 15 JANUARY 2024 TO 31 JANUARY 2025 Stewart Gilmour & Co CHARTERED ACCOUNTANTS & TAX ADVISORS KYLE MCKEAN FOUNDA TION FINANCIAL STATEMENTS PERIOD 15 JANUARY 2024 TO 31 JANUARY 2025 CONTENTS Page Trustees, Report Independent Examinerfs Report Receipts and Payments Account Statement of Balances KYLE MCKEAN FOUNDA TION FINANCIAL STATEMENTS PERIOD 15 JANUARY 2024 TO 31 JANUARY 2025 TRUSTEES, REPORT The Trustees presenl their report with the financial slatements of the charity for the period from its commencement on 15 January 2024 to 31 January 2025. The Kyle MGKean Foundation is an unincorporaled associat'on and a registered charity in Scotland, charity number SC 053062. It operates from 4 Greenlaw Path, Chapelhall, Airdrie, Lanarkshire, ML6 8WJ. Objectlves and activities The objectives of the charity are to provid& financial assistance and support. by provision of grants for respite holidays or day trips, for children with can￿r and their families. Trustees, respon8lbllities The Trustees are responsible for preparing the charity's annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in Scotland requires the charity Trust88S to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming reSoUr￿S and application of reSour￿S of the Gharity for that period. In preparing thes6 financial statements the Trustees are required to .' Select suitable accounting policies and then apply Ihem consislently-, Observe the rnethods and principles of the Charilies Statsmenl of Recommended Practice {SORPI', Make judgements and estimates that are reasonablg and prudenl., state whether applicable accounting standards haven't been followad and disclose whether any material departures from these have arisen- and Pr8pare the financial statemenls on the going concem basis unless it is inappropriat8 to presume that the charity will continue in operational existsnc8. The Trustees are responsible for keeping appropriate accounting records thal disclose with reasonable accuracy at any time the financial position of the charily and enable them lo ensure that the financial stslements comply with the Charities and Trustees Investrnent Iscotlandl Act 2005, the Charities Accounts {Scotland) Regulations 2006 (as amended) and Ihe provisions of the charity's governing do¢uments. 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. Trustee recruiknent and appointment Trustee recruitment and appointment is done yearfy at the Annual Gen8ral Meeting where voting systèm is used by members. The preserit Trustees of the Kyle McKean Foundation and thosa who s8Ned during the year were as follows KYLE MCKEAN FOUNDA TION FINANCIAL STATEMENTS PERIOD 15 JANUARY 2024 TO 31 JANUARY 2025 TRUSTEES, REPORT (Continued) Achievements during the year This first period saw tha organisation formed in name of Kyle McKean who sadly passed away from childhorrtl cancer. Formal charitable status was alg) oblained from the Office of I Scottish Charity Regulator IOSCR). The charity has prijvided support and resources to many families affected by child cancer and expand8d its range of contacts with organisalions and indwiduals both in th8 heaithcare sector as well as in wider support ne￿OrkS. Financial reviow The charity's primary source of income is from dI￿ationS recewed, etther direcly or from its presence on the Just Giving online fundraising plafform. During this first periLyd of operation to 31 January 2025 a total of £34,593 was raised from these sources. The principal area of charitable expenditure is on grants for respite holidays or day trips, for children with cancer and their families. Such payments amounted to £21,269 in the peri￿. Total expenditure amounted to £22,893 resulting in a reported surplus of £11,700. Total funds at 31 January 2025 were also £11,700, all of which were unrestricted. Reserves policy The Trustees have assessed the level of free reserves (i.e. those funds not tied up in fix￿1 assets or desbjnated restricted funds) that the foundation will require to sustain its operalions and are satisfied that with the continued support of its funders this will continue to be achievable for th8 foreseeable future. In tha charity's current circumstances, the Trust8es would 8xpacl to fK)Id r8S8rves equivalent to be￿een three months, and nine months, total axp6nditur8. The charity's total funds and free reseryes at 31 January 2025 were £11,700. This represents approximately sx months. eX￿ndIt￿re. Future plans The Trust8es will conlinue to administer the charity in accordance with its constttution and governing documents. There are no current plans to aiter the way that the foundation is administ8[￿ or financially structur8d. Approved ty order of the Board of Trustees on 2 September 2025 and signed on its behalf by.. INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF KYLE MCKEAN FOUNDATION I report on the accounts for the period ended 31 January 2025 which are set out on pages 5 to Respective responsibilities of Trustees and Examiner The charity's Trustees are responsible for the preparation of the accounts in accordance wsth the terms of the Charities and Truslee Investment (Scotland) Act 2005 and the Charities Accounts {Scotland} Regulations 2006. The charity's Truslees consider that the audit requirement of Regulation 1011 } {d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(11 (c) of the Act and to stste whether particular matters have come to my attention. Basis of Independent Examinerfs statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts Iscotlandl 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 seeks explanations from the Trustees Con￿rning 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 accounts. Independent Examlner's statoment In the course of my examination. no matter has come to my attention which gives me reasonable cause to believe that in any malerial respect the rèquirements '. to keep accounting records in accordan￿ 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 comply with Regulation 9 of the 2006 Accounts Regulations have not been met. or 2. to which, in my opinion, attention should bo drawn in order to enable a proper understanding of the accounts to be reached. Stewart Gilmour & Co, Chartered Accountants 24 B8r8sford Terrace Ayr KA7 2EG Date . 2 September 2025 KYLE MCKEAN FOUNDA TION RECEIPTS AND PAYMENTS ACCOUNT FOR THE PERIOD ENDED 31 JANUARY 2025 2025 Receipts Donations received Just Giving income 28,860 5,733 Total receipts 34,593 Payments for charitable activities Grants payable Merchandise Postages and stationery Total payments for charitable activities 21,269 1,075 69 22,413 Governan￿ costs '. Independent Examinels honorarium 480 Total payments 22,893 Surplus l (Deficit) for year 11,700 All funds are unrestricted. KYLE M¢KEAN FOUNDA TION STATEMENT OF BALANCES AS AT 31 JANUARY 2025 2025 Bank and cash in hand Closing balances 12.180 Creditors '. Amounts due wlthln one year AcGruals and deletTed income 14801 N¢t assets 11,700 Resen￿$ General fund 11,700 AJI funds ar8 unrestricted. roved by the Trustees and signed on thelr behaif.