Charlty r8gl8tratlon number 10264631England and Wales) Company reglstratlon number 02823933 THE KOSMOS CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE KOSMOS CENTRE CONTENTS Page Momber5' Of The Management Commlll88 report IndepÈnd@nl Ex8mlngr's rgpprt Slalemenl ol fln8ncl?l aclivllles Balance shoot Slaleinenl of cash IIOWS No168 lo Iho Ilnancial slalemenl8 9. 17
THE KOSMOS CENTRE MEMBERS, OF THE MANAGEMENT COMMITTEE REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Th8 management committee pr85gnt Ihelr annual report and flnanGlal st818m8nts lor the year ended 31 March 2924. The flngncial slalemenls have bfien prepared In ac¢ordance wllh the accounting pollcies sel oul In note 1 lo tho fln8ncial slg1omenl8 and cornply wllh the chaflly's governing documanl, th8 Companie8 Act 2006, FRS 102 ' rh¢ Flnancial Reportlng Sland8rd applicable in the UK 8nd Republic of Ireland" gnd the Ch8rlli&s SQRP "Accounting and R8porlino by Charilles.. Slalemenl of Recommend8d Pracllce &pplicablp lo charlli8s pr8p8ring their a¢counl¥ in accordance with the Financial Reportlng St8nd8rcl applicable in the UK and Ropublic of Ireland IFRS 1021"
Tl..[II. I<QSMOS CI4,NI"RIi A COMPANY I,IMII'1,:D BY GUARAN"fLI I, RII PORT OF TEIL MANAGEMEI IYT cofvIMITTFE YEI AR fi NDED 31 MARCF12024 The Manageineiit Committee, wlio al'e also the directoi's foi. thc PLlI'poses oli company law, pi'esent Ilieii. I'epoil aiid the finaiicial statements of the chai'ity foi. the yeai. ended 31 Mai'cl) 2024. RLFERENCE AND ADMINISTRATIVE DETAILS Registei'ed chai'ity iiaLme The I<os11108 Centi'e (foi'mally The Camden Cypi'iot Wornen's Oi'ganisatioii) Chai'ity I'egisti'ation nuinbei. 1026463 Company I'egistration iiumbei, 2823933 Regisieied office 2c Fall<land Road Kentish Town London NW5 ?.PT TFIE MANAGEMINT COMMITTbE The Manageiiieii! Coin111itLee who sei'ved tlie charity d ui'ing tlie yeai. wei'e as fol lows.. Mi's E Synieou Mi's N Rafli Ms Sahel. Osman Ms Ubali Egal Ms Sofia Pechlivaiii Seci'etai'y Mi's Koula Ioanno"u
Managei, Mrs Koula loaiinou Independent examiner Angela Ktislakis GMAK Chaitei'ed Accountants 517 Vernon Yard London Mll12DX Bankers National Westmiiister 166 Camden High Sti'eet London NWI ONS STRUCTURE, GOVERNANCE AND MANAGEMENT Tlie Organisation is registered as a Pi'ivate Company Limited by Guai'antee, It is also a Registei'¢d Chai'ity, Its objects, powers and constitutioii arc set out in its Memoi'aiidum and Aiticles of Association. The business of the Organisation is managed by the Managenieiit Committee which Inust have no less than three and no more than eleven membei's. Reci'uitnient and A intment of M ement Committee 1'1ie dii'ectoi's of the company are also charity ti'ustees for the purposes of chai'ity law and undei, the company's Ai'ticles are known as members of the Ma11agement Committee. Undei, the I'eqiiii'ernents of the Memorandum and Ai'ticles of Associatioii tlie members of the Management Committee are elected to serve the or8anisation although one tliii'd of thein Inust ietire at the next Annual Genei'al 111eeting, but can offei. themselves for re-electioii. Ti'u5 ee Lnd ction and Trainin Most triistees are already familiar witli the practical woi'k of the chai'ity haviiig beeii eiicoui'aged to take part iii the chai'ity's activities foi. a period of time, depending on their individual cii'cumstances. Addilionally> new trustees are invited and encouraged to attend a sei'ies of short ti'aining sessions to. ramiliarise theiiiselves with the cliarity and the context within It operates, Tliese al'e jointly led by the Cliaii. pf the Management Committee and the more experienced Ineinbers of the Iiianageilient Committee ]d cover; 'lie obligati0115 of the Management ComLllittee Inembers, Roles and I'espoiisibilities of management committee nienibers, The main documents which set out the operational frameworlc for the charity including ihe Memoi'andum and Articles. Resoui'cing and tlie LUI'r8nt finaJ1cial position as set out in tlie latest piiblislied
accoiints. Pei'soniiel issues e.g. Faiiiiliaiise with staff rol¢s aLld job descriptions Future plans and objectives. A question and aiiswei. session follow5 where new recruits are fl'ee to ask questions I'elating to theii- proposed duties oi. the organisations activities and day lo day riinning, OBJECTIVES, ACHIEVEMENTS AND PERFORMANACE The objective of the oi'ganisation is the proinotion of the beiiefit of women, their fainilies particularly but not exclusively those of Black and Minority Ethnic (BME) origin within tlie London borough of Camden and surrounding area, by the pi'oviding facilities, services and activiiies to improve theii. quality of life. Getting back to 1101'mality following the pandemic with all the i-esti'ictions and adapting the way we pi'ovided sei'vic¢s and activities was challenging, Some people especially the eldei'ly wei'e i'eluctant and still afraid to come out, we ¢noour&ged and I'eassured, adapted our pi'owision bLIt Proceeded with ¢aLltion with very positive r¢sults, We continued to delivei. advice services by one to one appointments, email, telephone and zoom appointments, Our legal service also operated by email and zoom appointrnents, We organised centre activitl¢s, socials and local trips when able, always en5u1.ing Inembei s safety, DLlI'ing I'esti'icted pi'ovision, staff. and volunteers contacted the elderly, especially the vylnei'able and those living on theii. own. They made I'egulai. contact by tel¢phone, this is a very popular and mucli needed sei'vi¢e and we continLie this, All groups usiiig tlie building also adliei'ed and agreèd to these gLiidelines following consultations with all stakeholder5. FINANCIAL REVIEW Funding foi. projects has been received fi'om Camden Council Strategic Pai'tners Fiind and Caniden Advice Network. The l<osinos Centre Continues to hii'e out office space in the building to Voice 4 Cliange England. I"he Somali Cultural Centre pi'ovide sei'vice5 fi'oin and are lioused in the Kosi1105 Centi'e, We suppoi't tlie Irish Women's Survivoi's Support Group (Cairde) by offei'ing theni space foi. tlieii weekly activities, We also piovide Ad Hoc room hire to various groups iii the community. PLANS FOR THE FIUTURE Income generation is an ongoing issue for the Kosmos Centi'e as it is for most groups in th¢ voluntai'y sector. OLIL, target is to undertake up to two majoi. funding applications a yeai., with vai'ious applications for one off projects or events dui'ing the year. The building which is leased from Camden Council (20 years from 2015), our aim is foi. it to be used to its full poteiitial by the members and the widei. community, There 15 the
oppoiiunity to hii'e out meetiiig rooms to genei'ate iiicoiiie, Office space is cui'i'ently beins I'eiiLed out to local Cli,1 lies, this genei'ates fui'tliei. income, (This is appi'oyed b)1 Caindeii Pi'operty S¢i'vices) We aL'e setting aside funds iii tlie buildings flincl for i'edecoration and I'epairs. RESPONSIBILITIES OF THE MANAGEMENT COMMTTTEE Tlie Manag¢ment committee al'e responsible for pi'eparing tlie arniual report and financial statements in accordance with applicable l¢lW and United Kingdom Generally Accepted Accounting Pi'actice. Company law I'equires the Management Conimittee to pi'epai'e finaiicial statements for eacli yeai. which give a true and fair view of the state of the affairs of the charitable company as at tlie balaiice sheet date and of its incoming resolirces and application of i'e50urces, includiiig income arid Expenditure for the financial year, In piepai'ing these financial statements, the manageirent committee are I'equii'ed to, select suilable accounting policies, and apply tliem consisiently; observe the methods and priiiciples iii the Chai'ities SORP. make adjustnients and accountiiig estimates that are I'easonable and prudent,, state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explaincd in the finaiicial statements. prepare the financial statements oli I'Fie going Loncerii basis unless it is in&ppi'opriate to presume tliat the charitable company will ¢ontiiiue in operation. The Man&geimeiit Comniittee are responsible foi, 111allltaining proper records which disclose with reasonable acciiracy at any time the financial position of the chai'itable company aiid eiiable them to ensui"e that the finaiicial statements comply with the Companies ACL 2006. They al'e also responsible for safeguarding tlie assets of tlie charitable company and hence foi, taking i'easonablc steps for tlie pi'evention and detection of fi'aLid and other iri'egulai'ities, 'rrustees The ti'ustees, who al'e directors foi. the purpose of company law and trustees for thè purpose of charity law, who served during the year and up to the date of this report al'e set out on page Dlle, Menibers of tlie charitable company guarantee to contribute an amount not exceedi11g £ I to the assets of the company in the evenl of winding up. The total nLimber of such gukll'antees al 31 March 2024 was five.
PiibliL Benefil Stateineiit The ti'ustees coiifi rm tlial th¢y liave compl led witli tlie duly i n section 4 of Ilie Cliai-iti es Act 201 I to liave due regai'd to the Chai'ity Coinm issioii's genei'al gLiidaiice on PLiblic b¢iieFI I, 'Cliai'i lies and Public Beiiefit" Tlie l<osn105 Ceiiti'e pi'ovides a I'aiige of sei'vices aiid activities to waiiien and tliei I faiiii l ies pai'ticulai'ly but Iiot exclusively of blac1< and niinoi'ity eihnic origin in the Loiidon borougli of Camdeii and suri'oiinding ai'ea. These fiiiaiici al stalemeiits have been pi'epai'ed i n accoi'dance wi tli tlie Stateiiieiit of Reconimended Pi'actice - Accounting and Repoi'ting by Chai'ilies (issued in Mai'c11 20D5) aiid i n accoi'daiice witli tlle special pi'ovisions of P,1 I S of the Compaii ies Act 2006 l'el aliiig 10 Sinall enlities, Appi oved by tlie tl'LlSt¢es on aiid signed oli Iheii. behalf by , Sy tts*e4 rfthyI111a Symeoll Cliai I'pei'8on
THE KOSMOS CENTRE MEMBERS, OF THE MANAGEMENT COMMITTEE REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The member5, of the managgmenl Gommlllee r8port was approvecs by the 808id of M8n8gemenl Commlllee. Mrs E Sym¥ou Managèm8nl commllleo member Dated.. Managèm8nl Commlllea m@mber
THE K.OSMOS CENTRE INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMITTEE OF THE KOSMOS CENTRE I report lo the management commllle8 on my 8xemln•lion of th6 linanclRI slal8mentS C*f The Ko8mos Centre Ilhe charity) lor the y@ai &nd8d 31 MBrch 2024, R6sponslblllll?3 4nd basls of r9PQrt As the man&geirenl Commlllee ol the trhailly (and 8190118 dlieciors for Ihs purposes of comp8ny lawl, you are responsib18 fDr the prepar811on of th8 Ilnancial slalement$ In ac¢ord8nce wllh th8 roqiilremenls of the Companles AGI 2006. H8vln9 8all8fled myself that the Iln8nclal 3lalomenls of the Ghorlly are not r8qulred lo be audlled under Psrl l 8 ol the Companles Act 2006 end arg eiiglble for Ind8pendenl exaixlnallon, I r8POrt In resp8cl of my examln8llon pf the charlly's flnanclal slalemenls ¢8iiled out under 6eGllon 145 Df the Char11198 Act 2011. In ¢arrylng out my $xaminallon I hav& followed the Dlrecllon8 glven by the Charity Commlsslon under saclion 14515)(bl of th Charlll88 Act 2011. Indepgndent oxamlner's 6t4tement I have complelgd my examlnallon. I conllrm Ihal no mallers have com6 lo my 8llention In connection wllh the examinallon glvln9 me ceuse lo bell8ve th81 In any m8terlal respect,, accounlln9 1o¢ord9 wore not kept In r8spect of the aharlly as reqLilied by seclioii 386 ol th? Companie3 Act 2008, the linenclal sl•lemenls do not acwrd wllh th058 reGords', or th8 financlol stelernenls do nol comply wlth the accounlSng regulremenls of secllDn 396 of tha Cornp8nle8 Act 2008 other than any requlrement that the financlal slalements glve a true and falr vlew, which 18 not a matter considered ag parl of an Independ8nt examlnalion., 01 the Ilnanclal 5talemen18 have not been prepar&d I)) 8ccord8iice wllh Ihe'melhods and pilnclplas of the Statement of Rectsmmer)éed Prgctl¢8 foi accoun15n9 and repoillng tsy charllley sppllcablp lo chorllSe$ preperlng Ihelr Ilngncigl slalement8 In accordance with tha Flnanclal Roportlng Sl8ndard appiic8ble in the U K and RepLibllc ol Ireland (FRS 102), I havo no con¢eins 8nd h¥ve Lom8 acrosB no other maller5 In connection wllh the examination lo which allenlion should be drawn in Ili18 repDrl In order to en4ble 4 prop8r understanding of the flnanclal st41gmenls lu b& reached. Angela Kli8lakls, ACA, FCCA GMAK- Chartered accounlanls 517 Vernon Yard London W1120X
THE KOSMOS CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlclèd Rostrlcled funds funds 2024 2024 Total Unrestrlcled R85trlcted fu nds funds 2023 2023 Tolal 2024 2023 Not8$ Income and endowments from,, DonalSon8 8nd leg8¢les Charflable 8clivlll83 I nveslmenls Other Income 30,089 14,580 1,607 1,040 42.643 72,732 14,580 1,607 1,040 30,173 13,360 497 3,515 30,000 60,173 13,36Q 497 3,515 Total InGome 47,318 42,643 89,959 47,54S 30,009 77,545 Expendlture on.. Chaii18ble acilvllle8 59,653 42,828 102,481 14,398 75,134 89,532 Total expgndiluro 59,653 42,828 102,481 14,398 75,134 .89,532 Not 9xpendlture and movemenl Ir funds 112,3371 1185} 112,5221 33,147 145,1341 111,9871 Reconclllatlon of fund5: Fund b8lanG6S al 1 April 2023 93,650 2,225 95,875 60,503 47,359 107,862 Fund balanG?s at 31 March 2024 81,313 2,040 83,353 93.650 2,225 95,875 Tho $1416menl of linan¢ial aGtivilles includes all galns gnd losses re¢o9nisecl In Ihg ygar, All incom8 and expendllurè derive from eontinulng 8Ctivilie8.
THE KOSMOS CENTRE BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Current J880ts Debtors Cash al bank and in hand 45Q 98,816 3,333 121,216 99,266 124,549 Crodltors: amounts falllng duo wlthln one ye&r 115,9131 128,675) Nel currenl 8ssels 83,353 95,874 Inccme funds Rèslrlcled fund$ Uni6slrlcl8d funds 2,040 81,313 2,225 93,650 83,353 95,675 The company Is entitled to the 8xempllon from the aLJdll requlremenl Gonlalned In 5ecllon 477 of the Comp8ni&5 Acl 2006, for the y&ai èndod 31 March 2024, The (Jlreclor5 acknowledge their responslbllilies for complyiryg wllh the requiremanls ol the Ccmpanles Act 2006 with re5peel lo aecounllng records and the preparelion of flnenci81 slalomenls. 'rh• niembers have not required th8 company lo oblein an audit of ils financial slelomenls lor the year in quosllon In aGcordance wllh 8èCtion 476. These flnancl&l slalernenls h8ve bèen prep8red In a¢cord8nce wllh the provlslons appllcable lo companies sublecl lo the small companlgs reglme, The Ilnancial slalem6nls were approved by th9 Manggem8nt Committee on ??: io: S, s"y Mrs E Symeou Trustee MSU Tru slee Company Re91stratlon No. 02823933
THE KOSMOS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclos Charlty Informatlon The Ko8mo8 Centr8 is a company Ilmlled by guarant9e Incorporated in England and Wal95, The reglslerod office Is 2c Folkland Road, London NW5 2PT, 1,1 Accountlng conventlon Th9se accounts have been prepared In a¢cordancg with FRS 102 "ThÈ Flnanclal Reporting, Slandar appllcable in the UK and Republic of Ireland" ('FRS 102,1, "Accounting and Reportlng by Chari118s tho Slalgmgnl of Recommended Pra¢llc& for charlli88 applying FRS 102, the Companigs Act 2006 and UK Generally Accepled Accountln9 Pioctlce a8118pplSes from 1 January 2Q16. The charlly is a Public Benefit Enlily as defined by FRS 102. The flnanclal slalemenls are pr8pared in slerllng, which Is Ihg fvncllonal curr6ncy of the charity. Monetary amounts in these linancial slalemenls are rounded lo lh8 n98r8sI £. The financl81 slg18mènls have been prepared under the hlstorlcal cost Gonvenllon, Imodified lo includo Iho revaluallon ul freehold propertles and lo Include Investment properlles end Gerlein Ilnanclal Inslrumenls Bl fair valuel, The principal accounting policle¥ adopled arg sel out bglow. 1,2 Golng concern The IlnancSal slalemenls have been preparod on a golng con¢8rn b881s, The Iruslees have consldered a period ol one y88r from the date of 8pprov81 of the Ilnanclal slalemenls, The Iruslees consider11 apprcprlale lo prepare the Ilnanclel slalemen15 on a golng concern basis bgc8use Ihoy conslder Ihal the charity wtll operate al a surplus 2nd be abl6 lo pay li8bllllies as they lall due, 1.3 Charllable funds Unreslricled funds are av811able lor u8e al Ihe dlscrellon ol the management commillae in furthérance ol Ihoir charllabl8 objeclives, R8slriGled fun¢Ys are subject lo specifi¢ condllions by donors or grantors as to how Ihay may b¥ used. The purpose5 and uses ol the reslrlcled funds are out in th8 not@s lo the fln8nclal $18iemenls. Endowm@nl fundi are subj6cI 10 speclfic condillons by donors that the capilal musl be maintained by the charity, 1.4 Incornlng resources Incom& is recognised when the ¢harily is legally enllllod to il aftor any performance condillon8 hgvg boon mel, the amcunls can b6 measured reliably, and il l¥ probable that income will be r¢ceivod. Cash donations are racognised on r6celpl. Other donalions gre recognlsed once 1118 ch8rily has been nollfied ol the donation, unless pertormance condlllons requlra dglarral of tho amount. Incom8 tay rgcov8r3blo In rfrlallon lo donalions recelved under GSfl Aicl or deods of covenant is recognised 81 thé lim& of Ihe donation.
THE KOSMOS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng pollclg9 (Contlnuèd 1.5 Resources expend8d Llabililies are re¢ogni5gd as soon as'lhere Is a leg81 or conslrucllve obligalSon commllling the charity lo that expondllure, All expendltur&18 accounted lor on an accruals bssis end Is Inclusiv8 Ot VAT allribul8ble lo Ih818xpen8e. Governan¢e costs 8ro made up of eccounlancy and independent examlnalion fees and 8ny costs relalini lo the slraleglc man8g8menl of Ihe charity, Expenditure Is alloca16d ID funds dlreclly or on tho b83is ol staff Ilmè or us8gL4. 1,6 Employ89 beneflls The cost of any unu59d hollday 8nlillèrn8nl Is recognis6d In the p8riod In whlcm the employee's services aro rec8lved. Termin8llon benef118 are reco9nlsed Immedlal8ly 8S 8n 8xpanse when th8 charlly Is demonslrably commi11od lo iermlnale the employment ol an 8mployee or lo provide18rmin8llon benefltg. Crltl¢al e¢counllng estlmates and Judgements In tho 8pplicallon ol the ch8rlly'S accounling pollcles, the mangoemenl commlllee ar8 requlr8d lo mako ludgemen18, esllmaleB and a8sumpiion8 about lh8 carrying amount of assets and liabllltles thal are not readlly 8ppar&nl Irom other sources, The esllmale8 and associated 8ssumpiion5 are basod on historical experl6nc¢ and olhoi factors thal are con81deied lo be relev8nl, Actual f6suII8 may dlffer from the3s e8t5mates. The eslimales and underlylng asBumpiionts,are revlewed on 8rb ongoing basis, Revlylons ID accounting eslimalos arè rocognised in the perlod in which Ihe estimate Is rgvised where Ihg revislon affects only that period. or In the period ol the revision 8nd future periods where the revision 8%fecls both cvrienl and luluTQ perlods, 10-
THE KOSMOS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and corj grants Unrestrlct8d R891rlcted funds funds Total 2024 Total 2023 Don8llon3 ond gills London 8orough of Camden 89 30,000 89 72,643 173 60,000 42,543 30,089 42,643 72,732 60,173 For th8 y8ar ended 31 MarGh 2023 30,173 30.000 60,173 In¢ome from charltabla a¢tlvitie$ U nrostrl¢ted funds 2024 Unrestricted funds 2023 Cliarll8ble rental Inconie Olhor Iiicoing 14,580 13.260 loo 14,580 13.360 Performance rolaled grant$ analysls oitier 'Othèr jnc.vnie Unrestrlcted Un r051rictod funds funds 2024 2023 Olhor incomo 1,040 3,S15
THE KOSMOS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR. THE YEAR ENDED 31 MARCH 2024 Charltablo actlvltlgs Dlrecl Oirect charllable Gharltable expendlture tsxpendlture 2024 2023 Staff Costs Outings, evenl8, a¢tlvllles Volunloer expenses 47,8g1 5,764 47,891 3.000 2,101 667 55,756 51,558 Grant lundlng of acllvllles {see note 71 5,644 Sharè of support cosl$1$8o note 8) Share of 9overnanc8 cos18 (989 nol6 81 34,582 6,519 31.368 6,608 102,481 89,532 Analysls by fund Unreslrlcled funds Reslricled funds 59,853 42,828 14,398 75,134 102,481 t19,S32 For tho year onded 31 March 2023 Unreslrlcled funds Reslrlcled lunds 14,398 T5,134 89,532 Gr8nls payablo Hèadlng
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2024 Gran1310 Inslllullons., Other 5,644 12
THE KOSMOS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs 8upport Governance 08ts costs 2024 2023 Basls of allocatlon Adminl8lralion Pi8mises 14,338 19,164 14,338 19,184 8,070 Direct 23,29B Dirgct Accountancy Legal and professional 6,519 6,519 3,810 Govèrnance 2,796 Governance 33,500 6,519 40,019 37,974 Analysed between Charitable aclivlli9s 34,562 6,519 41,087 37,973 13
THE KOSMOS CENTRE NOTES TO THE FINANCIAL STATEMENTS (¢ONTINUED) FOR .fHE YEAR ENDED 31 MARCH 2024 Managgment Commltteo None ol Ihfj management commille8 lor any persons conn8Ctod wlih them) r8celved any r4mun8rallon during the y8ar,nor were they relmbursed any eKpenses12023.' £NIII. 10 EmployeèB The average rnonlhly number ol employ8e$ ¢Jurlng thè year was,. 2024 Numbor 2023 Numbor Manager ProleGt worker Total Employmont costB 2024 2023 W8998 end s8lpYleB 47,891 47,891 Theiè were no employees whose annual remun8r811on was more than £60,000, Remuneratlon of key managemènt P6rsonntrl The remuneraliDn ol key rnanagem8nl personnel w85 al lollow$'. 2024 2023 Aggrèg?le comp&nBation 43,727 43,656 11 Taxatlon The charllable company15 exempl from Corpor8ilon l ax on ils charilable acllvilies under S 466 lo 493 of CTA 2010. 12 Deblors 2024 2023 Amcunts f ftlllng due wlthln ono ye84r.' Trad8 debtors F'repaymenls and 8¢crugd Incorne 450 2,271 1,062 450 3,333 14
THE KOSMOS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Cr6dltors: Amounts falllng due wlthln one year 2024 2023 Notes Bank overdrafts Other laxalion and sooSal Sècurity Deferred income Other creditor8 Accruals 6,124 1,649 937 1.328 17,500 170 8,T39 14 8,140 15,913 28,674 14 Deferred In¢om¢ 2024 2023 Olhef deferred Incomg 11,500 D6lerr&d Income Is Included In tho flnanclal s1818menls gs iollows,, 2024 2023 Deferred Incomo is Included wllhln., Cufienl Ilabililles 17,500 Movements In the ye8r'. Delerred InGomL• al l April 2023 Besources deferred in Ihe year 17,500 117,5001 Delorr&d incoine al 71 March 2024 17,500 15 Restrlcted funds The I'eslricled lunds of the charlly comprlse Ilie unexpended bdlances ol donations and grants held on trust subj¢cl lo speclllc condillons by donors as lo how'lhey may be us@d. Al 1 Apr51 ?.023 Incoming resources Resources At 31 MarGh expended 2024 42,643 142,8281 11851 L8C Advlcè S8rvlc8S 2,225 2,22S 42,643 142,B281 2,040 15
THE KOSMOS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 1 S R98trlcled funds IContlnueAI Provloui year: At 1 April 2022 Incoming Rosourees At 31 March ro8ourcos gxpgndod 2023 LB Camden Slraleolc P8rlnership8 Camden Givlng LBC Advlce Seryice¥ LBC CIL ISom811 Women Support) 30,000 3,374 6.485 7,500 130,0001 13,374) 134,2601 17, 500) 30,000 2.225 47,359 30.000 175,1341 2,22b 16 Unrestrlcted f u n d The unreslrlcled funds ol the charlly comprise tho unexp8nded balances ol donltlons and grants whlch are not sublecl lo specSfSc ¢ondlilons by donor5 and grantors as 1¢ how they may be used. These include deslgn81gd fund8 whlch have beon 6el asld9 oul of unre81riclgd funds by the Irvslees lor sp@clli¢ purposes. At 1 Aprll 2023 In¢omlng Resour¢08 At 31 March resources expended 2024 Gen8r81 funds 93,650 47,316 {59,653) 81,313 Provlou$ yftar: At 1 Aprll 2022 Incomlng resources Resoureas Al 31 March expended 2023 )enèral fund8 60,503 47,545 114.3981 93,650 17 Analy&l8 of nol 8gset5 belwean f unds Unrostrlctod lunds Materlal funds He&dlng
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2024 Restrictod Endowment funds funds Total 2024 2024 2024 2024 At 31 March 2024,, Current asselsl{liabililies> 81,313 2,040 83,353 81,313 2,040 83.353 Por balanc9 sheet 81,313 2,040 83,353
THE KQSMOS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Analys18 of not a5S8t$ betwèen fund8 {Conllnuedl Unrestrlcted funds Matgrlal funds Heading
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2023 Restrlcted Endowmenl funds funds Total 2023 2023 2023 2023 At 31 Mar¢h 2023., Current ass8181{Ilabililiesl 93,650 2,225 95,875 93,650 2,225 95,875 18 Related party transe¢tlon8 19 Cajh labsorbod byllggnorated from operation8 2024 2023 Deflcll for the year 112,5221 111,9871 Adjuylments lor,. Inv&slmenl income recognlsed In slalement of flnanclal aBliviliBS 11,6071 14971 Movements In workl ng capltal: Qerrease In d6blors (Decreasellincrease In credilL)r6 (Decre88e)Iln¢rease in delorred income 2,883 14481 117,500> 7,188 8,898 14,2DO Casli (absorbed byllgenerated from oporatlon8 129,1941 17,802 20 AnalyslA of Èhangos In net funds Th8 cliarlly no malerlgl debt durlng the yeer. 17