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|||Page|
|---|---|---|
|Chairman
and Chief Executive Statement|||
|Legal &Administrative|Information||
|Trustees'
Report|||
|Statement ofTrustees'|Responsibilities|19|
|Independent
Auditor's|Report|20|
|Statement ofFinancial|Activities|24|
|Balance Sheet||26|
|Statement ofCashflows||27|
|Notes to the Financial Statements||28|
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|Charity name:|Charity name:|Charity name:|||Action For Kids|Charitable|Charitable|Trust||
|---|---|---|---|---|---|---|---|---|---|
|Charity registered|||number:||1068841|||||
|Company|number:||||3487626|||||
|Principal|&|registered||office:|15aTottenham|Lane||||
||||||Hornsey|||||
||||||London
NB 9DJ|||||
|Trustees:|||||Mark Lewis||Chair|||
|(as at the|date ofthis|||report)|Ben Cavanagh||Vice Chair|||
||||||Gurmeet
Dhillon||Treasurer|||
||||||Susan Baldwin|CB||||
||||||Tina Brivati|||||
||||||Caroline Hattersley|||||
||||||Peter Mitchell|||||
||||||David Byrne|||||
|Chief Executive:|||||David Coe|||||
|Professional||advisors||||||||
|Auditors:|||||D Lee and Co.|||||
||||||2nd Floor, Premier House|||||
||||||309Ballards Lane|||||
||||||London N12 BLY|||||
|Bankers:|||||HSBC Bank pic||Charity Bank|||
||||||22 Victoria Street||182|High|Street|
||||||London SW1H ONJ||Tonbridge||TN9 1BE|
|Solicitors:|||||Muscatt Walker|Hayim||||
||||||Speen House|||||
||||||Porter Street|||||
||||||London W1U 6WH|||||
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|Young People in|Paid W|ork 20|14-2021|||||
|---|---|---|---|---|---|---|---|
|Programme|No.|Young|people|gaining|No|young|people still in work 1|
|year|||work|||year|after gaining job|
|2014-2015|||||||13|
|2015-2016|||12|||||
|2016-2017||||||||
|2017-2018||||||||
|2018-2019||||||||
|2019-2020||||||||
|2020-2021|||||||n/a|
|Total|||62||||42|
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|Holiday Programme.|We plan to buiid|up our bank ofvolunteers
aga|in over the next year.|
|---|---|---|---|
|i '
S rvi e||||
|Targets 2020-21 (revised due to||2021|2020|
|pandemic)||||
|Purchase equipment|for 50families and|Spend off163,800 on|f169,150spent on|
|provide maintenance
6165,000 during the|to the value of
year|equipment
and
maintenance
for 57young|equipment
for 87young
people plus power chair|
|||people|maintenance|
|Make savings/raise|f40,000through|Total of676,022|Total ofE104,931|
|advocacy and individual
fundraising||raised/saved
through|raised/saved
through|
|||advocacy and individual|advocacy and Individual|
|||fundraising|Fundraising.|
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|FOR THE YEAR E|N|DED 31sr MARCH 2|021||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total 2021|Total 2020|
||||funds|funds|||
|||Notes|E|E|||
|Income from:|||||||
|Donations
and|legacies||788,675|662,619|1,451,294|1,193,688|
|Charitable
activities|||165,815||165I815|263,613|
|Investments|||33,439||33,439|83,366|
|Other income|||15,000||15,000||
|Total income|||1,002,929|662,619|1,665,548|1,540,667|
|Expenditure
on:|||||||
|Raising funds|||279,923||279,923|311,255|
|Charitable
activities|||752,630|694,887|1,447,517|2,192,106|
|Total expenditure|||1,032,553|694,887|1,727,440|2,503,361|
|Net expenditure||for the year/|||||
|Net movement|in funds||(29,624)|(32,268)|(61,892)|(962,694)|
|Fund balances at||1April 2020|300I930|485,830|786,760|1,749,454|
|Fund balances|at 31March 2021||271,306|453,562|724,868|786,760|
|||||Unrestricted|Restricted|Total 2020|
|---|---|---|---|---|---|---|
|||||funds|funds||
||||Notes|E|E||
|Income from:|||||||
|Donations
and|legacies|||636,279|557,409|1,193,688|
|Charitable
activities||||263,613||263,613|
|Investments||||83,366||83,366|
|Totalincome||||983,258|557,409|1,540,667|
|Expenditure
on:|||||||
|Raising funds|||7|311,255||311,255|
|Charitable
activities|||8|1,054)141|1,137,965|2,192,106|
|Total expenditure||||1,365,396|1,137,965|2,503,361|
|Net expenditure||for the year/|||||
|Net movement|in funds|||(382,138)|(580,556)|(962,694)|
|Fund balances|at|1April 2019||683,068|1,066,386|1,749,454|
|Fund balances|at 31March 2020|||300,930|485,830|786,760|
##
|||||2021|2020||
|---|---|---|---|---|---|---|
||||Notes|E|||
|Fixed assets|||||||
|Tangible assets|||12|905,536||921,334|
|Investment
properties|||13|||1,225,000|
|Investments|||14|3||3|
|||||905,539||2,146,337|
|Current assets|||||||
|Debtors|||15|88,546|95,266||
|Cash at bank and|in|hand||286,446|51,651||
|||||374,992|146,917||
|Creditors: amounts||falling|||||
|due within one year|||16|(511,595)|(1,061,008)||
|Net current assets||||(136,603)||(914,091)|
|Total assets less current liabilities||||768&936||1,232,246|
|Creditors: amounts|faging due||||||
|after more than one||year|18|(44,068)||(445,486)|
|Net assets||||724,868||786,760|
|Income funds|||||||
|Restricted funds|||20|453,562||485,830|
|Unrestricted
funds:|||21||||
|Total unrestricted|funds|||271,306||300,930|
|Net assets||||724,868||786,760|
||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
||||Notes||||||
|Cash flows from|||||||||
|operating
activities|||||||||
|Cash generated
from|||||||||
|operations||||27||(219,108)||(959,843)|
|Investing
activities|||||||||
|Purchase oftangible|fixed||assets||(19,262)||(62,307)||
|Proceeds on disposal|oftangible||||||||
|fixed assets|||||1,240,000||442,682||
|Interest and rental|||||||||
|income received|||||33,439||83,366||
|Net cash used in investing|||||||||
|activities||||||1,254,177||463,741|
|Financing activities|||||||||
|Repayment
ofbank|loans||||(700,274)||(23,671)||
|Repayment
ofother|loans||||(150,000)||||
|Proceeds from other|loans||||||150,000||
|Proceeds from new bank||loans|||50,000||200,000||
|Net cash generated|from/(used|||in)|||||
|financing
activities||||||(800,274)||(326,329)|
|Net (decrease)/increase||in|cash||||||
|and cash equivalents||||||234,795||(169,773)|
|Cash and cash equivalents|||at||||||
|beginning
ofyear||||||51,651||221,424|
|Cash and cash equivalents|||at end||||||
|ofyear||||||286,446||51,651|
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|||Unrestricted|Restricted|Total 2021|Total 2020|
|---|---|---|---|---|---|
|||funds|funds|||
|||E|E|E|E|
|Donations
and gifts
For the year ended 31"
788,675|||662&619|1,451,294|1,193,688|
|March 2020||636,279|557,409||1,193,688|
|Income from|charitable|activities||||
|||||2021|2020|
|||||E|E|
|Donations|and gifts|||165,815|263,613|
|Investments||||||
|||||2021|2020|
|||||E|E|
|Rent receivable||||33,435|83,000|
|Interest receivable||||4|366|
|||||33,439|83,366|
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|||||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||funds||
|||||||||2021|2020|
|||||||||E|E|
||Net gain on||disposal oftangible fixed assets|||||15,000||
|7.|Raising funds|||||||||
|||||||||2021|2020|
|||||||||E||
||Fundraising||and publicity|||||||
||Staffcosts|||||||199,645|220,856|
||Depreciation|||and impairment||||631|596|
||Support costs|||||||79,647|89,803|
||Fundraising||and publicity|||||279,923|311,255|
||Expenditure|on||charitable|activities|||||
||||||Mobility|Life &|Total|Total||
||||||Project|Work|2021|2020||
||||||E|E|E|E||
||Staffcosts||||160,485|676,368|836,853|1,157,704||
||Depreciation||and|||||||
||impairment|||||30,015|30,015|29,764||
||Share ofsupport|||||||||
||cost||||247,760|258,594|506,354|931,087||
||||||408,245|964,977|1,373,222|2,118,555||
||Share ofgovernance|||||||||
||costs (see note 9)||||37,147|37,148|74,295|73,551||
||||||445,392|1,002,125|1,447,517|2,192,106||
##
|Expenditure
on charitable|Expenditure
on charitable|activities|(continued)||||
|---|---|---|---|---|---|---|
|||Mobility|Life &|Total|Total||
|||project|Work|2021|2020||
|||E|E|E|E||
|Analysis
by fund|||||||
|Unrestricted
funds||245,862|506,768|752,630|||
|Restricted funds||199,530|495,357|694,887|||
|||445,392|1,002,125|1,447,517|||
|||Mobility|Life &|Education|||
|||project|Work|6 Training|||
|For the year ended
31"March 2020|||||||
|Unrestricted
funds||268,335|140,815|644,991|1,054,141||
|Restricted funds||552,162|566,372|19,431|1,137,965||
|||820,497|707,187|664,422|2,192,106||
|Grants to individuals|in respect ofthe||purchase of|mobility
equipment
included||within the|
|Mobility Project above: f158,940(2020:f62,307).|||||||
|Governance costs|||||||
||||||2021|2020|
||||||E|E|
|Staffcosts|||||44,975|46,845|
|Depreciation|||||4,414|4,176|
|Other costs|||||24,906|22,530|
||||||74,295|73,551|
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|overnance|costs (continued)|||
|---|---|---|---|
|||2021|2020|
|||E|E|
|Analysed|between:|||
|Fundraising||||
|Charitable|activities|74,295|73,551|
|||74,295|73,551|
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||||2021||||2020|||
|---|---|---|---|---|---|---|---|---|---|
|||Number||FTE||Number||FTE||
|Raising funds|||3||3||3||3|
|Charitable|activities||24||20||31||27|
|Governance|||4||3||4||3|
||||31||26||38||33|
##
|e total staff costs a|nd employees'
benefits was|as follows:||
|---|---|---|---|
|||2021|2020|
|||E|E|
|Wages and salaries||945,241|1,200,720|
|Social security||93,315|114,010|
|Defined contribution|pension costs|36,475|47,357|
|Other employee
benefits||6,442|6,360|
|Redundancy
costs|||56,958|
|||1,081,473|1,425,405|
|nsion co|sts) ofmore than E60,000 is as f|ollows:||
|---|---|---|---|
|||2021|2020|
|||E|E|
|E60,001|—E70,000|||
|E70,001|—E80,000|||
##
|angible fixed ass|ets|||||
|---|---|---|---|---|---|
||Freehold|Charitable|Fixtures,|Motor|Total|
||land and|assets|fittings
&|vehicles|2021|
||buildings||equipment|||
||E||E|||
|Cost||||||
|At1"April|1,095,644|126,706|107,243||1,329,593|
|2020||||||
|Additions|||19,262||19,262|
|Disposals||||||
|At31"March||||||
|2021|1,095,644|126,706|126,505||1,348,855|
|Depreciation
At1"April|233,293|112,589|62,377||408,259|
|2020||||||
|Charge for|21,912|3,529|9,619||35,060|
|year||||||
|Disposals||||||
|At31"March||||||
|2021|255,205|116,118|71,996||443I319|
|Net book||||||
|value at31"||||||
|March 2020|840)439|10,588|54,509||905,536|
|At 31"March||||||
|2020|862,351|14,117|44,866||921,334|
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|FOR|THE YEAR E|NDED|31sr MARCH 2021||||
|---|---|---|---|---|---|---|
|15.|Debtors||||||
||||||2021|2020|
||||||E|E|
||Amounts|falling due within one year:|||||
||Other debtors||||57,700|53,135|
||Prepayments||and accrued income||30,846|42,131|
||||||88,546|95,266|
|16.|Creditors:|amounts
falling due within one year|||||
|||||Note|2021|2020|
||||||E|E|
||Bank loan|||17|451,418|700,724|
||Other loan|||||150,000|
||Taxes and other social security costs||||24,503|22,395|
||Trade creditors||||23,082|115,524|
||Other creditors||||569||
||Accruals||||12,023|72,815|
||||||511,595|1,061,008|
|17.|Loans and|overdrafts|||||
||||||2021|2020|
||||||E|E|
||Bank loans||||495,486|1,145,760|
||Otherloans|||||150,000|
||||||495,486|1,295,760|
||Payable|within|one year||451,418|850,274|
||Payable|after one year|||44,068|445,486|
||Amounts|included above which fall due after five||years:|||
||Payable|by instalments|||3,390|370,728|
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|The Bounce Back lo|an is repaid over 5years from July 2021at|a fixed rate of2|.5/o.|
|---|---|---|---|
|Creditors: amounts|falling due after more than one year|||
||Note|2021|2020|
|||E|E|
|Bank loan|17|44,068|445,486|
|Pension costs||||
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|expended
balances ofdonati|ons
and grants|held on trust f|or specific purp|oses:|
|---|---|---|---|---|
|||Movement|in funds||
||Balance at
1"April|New
designation|Utilised
realised|Balance at
31"March|
||2020|||2021|
||E|||E|
|Mobility Project and related|||||
|services|217,065|83,440|199,530|100,975|
|Life &Work|268,765|579,179|495,357|352,587|
||485,830|662,619|694,887|453,562|
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|||||Movement|in funds||
|---|---|---|---|---|---|---|
||||Balance at
1"Apnl|New
designation|Utilised
realised|Balance at
31"March|
||||2020|||2021|
||||E|||E|
|Unrestricted|—General||300,930|1,002,929|1,032,553|271,306|
|Total unrestricted||funds|300,930|1,002,929|1,032,553|271,306|
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|nalysis ofn|et assets between
funds||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds||
|||E|E|E|
|Fund balances at31"March 2021are|||||
|represented|by:||||
|Tangible fixed assets||638,788|266,748|905,536|
|Investments||3||3|
|Current assets/(liabilities)||(323,417)|186,814|(136,603)|
|Long term|liabilities|(44,068)|-|(44,068)|
|||271,306|453,562|724,868|
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|omparative|analysis ofnet assets betwee|n funds|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds||
|||E|E||
|Fund balances at31"March 2020 are|||||
|represented|by:||||
|Tangible fixed assets||644,340|276,994|921,334|
|Investment|properties|1,225,000||1,225,000|
|Investments||3||3|
|Current assets/(liabilities)||(1,122,927)|208,836|(914,091)|
|Long term|liabilities|(445,486)||(445,486)|
|||300,930|485,830|786,760|
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|During the year the|ch|arity entered into the follow|ing
transacti|ons
with related|parties:|
|---|---|---|---|---|---|
|||||Loan received|during the|
|||||year||
|||||2021|2020|
|||||E|E|
|Key management|personnel||||150,000|
|The loan is unsecured,||interest free and repayable|on demand.|||
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||Name ofundertaking|Registered|Registered|Nature of|Class of|'/o held|
|---|---|---|---|---|---|---|
||||office|business|sha re holding|Direct|
|||||||Indirect|
||Action For Kids Limited||UK|Dormant|Ordinary|100.00|
||The aggregate
capital and reserves||and the result for the year||ofsubsidiaries|excluded|
||from consolidation
was as follows:||||||
||Name ofundertaking||||Profit/Loss|Capital &|
|||||||reserves|
|||||||E|
||Action For Kids Limited|||||3|
||The fixed asset investments
are|stated at cost.|||||
|27.|Cash generated
from operations||||||
||||||2021|2020|
||||||E|E|
||(Deficit)/surplus
for the year||||(61,892)|(962,964)|
||Adjustments
for:||||||
||Investment
income recognised|as profit or loss|||(33,439)|(83,366)|
||Gain on disposal oftangible
fixed||asset||(15,000)||
||Depreciation
and impairment|oftangible fixed||assets|35,060|34,536|
||Movements
in working capital:||||||
||(Increase)/decrease
in debtors||||6,720|(43,128)|
||Increase/(decrease)
in creditors||||(150,557)|95,079|
||Cash generated
from operations||||219,108|(959,843)|
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|Ana|lysis ofchange
in net (debt)/funds||||
|---|---|---|---|---|
|||At1"April|Cash flows|At 31'I|
|||2020||March 2020|
|||E||E|
|Cash|at bank and in hand|51,651|234,795|286,446|
|Loans|falling due within one year|(700,274)|248,856|(451,418)|
|Loans|falling due after more than one||||
|year||(445,486)|401,418|(44,068)|
|||(1,094,109)|885,069|(209,040)|
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