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|||Page|
|---|---|---|
|Chairman
and Chief Executive Statement|||
|Legal &Administrative|Information||
|Trustees'
Report|||
|Statement ofTrustees'|Responsibilities|20|
|Independent
Auditor's|Report|21|
|Statement ofFinancial|Activities|25|
|Balance Sheet||27|
|Statement ofCashfiows||28|
|Notes to the Financial Statements||29|
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|Charity name:|Charity name:|Charity name:||Action For Kids Charitable|Action For Kids Charitable|Trust|Trust|||
|---|---|---|---|---|---|---|---|---|---|
|Charity registered|||number:|1068841||||||
|Company|number:|||3487626||||||
|Principal|6i registered office:|||15aTottenham
Lane||||||
|||||Hornsey||||||
|||||London
N8 9DJ||||||
|Trustees:||||Mark Lewis|Chair|||||
|(as at the|date ofthis report)|||Gurmeet
Dhillon|Treasurer|||||
|||||Tina Brivati||||||
|||||David Byrne||||||
|||||Stacey Body|||(appointed||4'"October 2022)|
|||||Miriam
Deakin|||(appointed||4'"October 2022)|
|||||Athanasios
Karampelas|||(appointed||4'"October 2022)|
|||||Devanshini
Khatau|||(appointed||4'"October 2022)|
|||||Martin
Kirke
Timothy
Meredith
Thembani
Mkwananzi|||(appointed 4'" October 2022)
(appointed 4" October 2022)
(appointed 4" October 2022)|||
|Chief Executive:||||David Coe||||||
|Professional||advisors||||||||
|Auditors:||||D Lee and Co.||||||
|||||2nd Floor, Premier House||||||
|||||309Ballards Lane||||||
|||||London N12 8LY||||||
|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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|d up to the date ofsignatur|e
ofthe finan|
cial statements
were:|
|---|---|---|
|Mark Lewis|Chair||
|Gurmeet
Dhillon|Treasurer||
|Susan Baldwin|(resigned|31"March 2022)|
|Tina Brivati|||
|Ben Cavanagh
Caroline Hattersley|Vice Chair
(resigned|(resigned 4'" October 2022)
4'" October 2022)|
|Peter Mitchell|(resigned|4'" October 2022)|
|David Byrne|||
|Stacey Body|(appointed|4'"October 2022)|
|Miriam Deakin|(appointed|4'"October 2022)|
|Athanasios
Karampelas|(appointed|4'" October 2022)|
|Devanshini
Khatau|(appointed|4'" October 2022)|
|Martin
Kirke|(appointed|4'"October 2022)|
|Timothy Meredith|(appointed|4'"October 2022)|
|Thembani
Mkwananzi|(appointed|4'"October 2022)|
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|Senior Management
Team||
|---|---|
|The members ofthe Senior|Management
Team are:|
|David Coe|Chief Executive|
|Laura Callanan|Finance &Corporate Services Director|
|Harriet Fisher|Executive Director, Services (resigned 27'"August 2021)|
|Rachel Akehurst
Tracey Gilbert-Falconer
Katie Cavanagh|Executive Director, Services (appointed
13'"December 2021)
Fundraising
Director (resigned 13'"October 2021)
Fundraising
Director (appointed
5'"October 2021)|
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|Numbers ofYoung|People attending|across servic|es:|||
|---|---|---|---|---|---|
|Programme:||Target for|Age Range|2022|2021|
|||2022||||
|Young people on the Life and work||60|19-25||62|
|Programme||||||
|Work Placements|overall|35|16-25|26||
|Paid work||18|19-25|20||
|Young people to develop the ability|||14-25|||
|to manage their own travel||||||
|arrangements||||||
|Employer training||30|n/a|33|43|
|Holiday Programme||60|14-25|61|35|
|Mobility equipment|ordered|70|0-25||52|
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|Young People|in Paid Work|2014-202|2|||
|---|---|---|---|---|---|
|Programme|year|No. Young|people gaining|No young|people still in|
|||work||work 1year after gaining||
|||||job||
|2014-2015||||13||
|2015-2016||12||||
|2016-2017||||||
|2017-2018||||||
|2018-2019||||||
|2019-2020||13||||
|2020-2021||||||
|2021-2022||20*||Tbc||
|TOTAL||67||56||
|(*Not counted|in calculating|retention|rate)|||
|'t|ca 'on|||||
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|Mobility Services|||||||
|---|---|---|---|---|---|---|
|Target|2022|||2021|||
|Purchase equipment
for at least|Spend off190,528 on|||Spend off129,566on|||
|70children
and young people|equipment|for 112children||equipment|for 57 children||
|with a budget ofE220,000|and young|people and||and young|people and||
|(including f30,000for|E31,543 on|maintenance|of|f34,233 on|maintenance|of|
|maintaining
powerchairs)|powerchairs|(60call outs)||powerchairs|(48 call outs).||
|Make savings/raise
f40,000|Total ofE118,424|||Total off76,022|||
|through
advocacy and individual|raised/saved|through||raised/saved|through||
|fundraising|advocacy and individual|||advocacy and individual|||
||fundraising|||fundraising|||
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|FOR THE YEAR|ENDED 31s|r MARCH 2|022||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total 2022|Total 2021|
||||funds|funds|||
|||Notes|E|E|||
|Income from:|||||||
|Donations
and|legacies||627,918|523,281|1,151,199|1,451,294|
|Charitable
activities|||258,809||258,809|165,815|
|Investments|||2,912||2,912|33,439|
|Otherincome|||776,683||776,683|15,000|
|Totalincome|||1,666,322|523,281|2,189,603|1,665,548|
|Expenditure
on:|||||||
|Raising funds|||254,511||254,511|279,923|
|Charitable
activities|||741,913|687,026|1,428,939|1,447,517|
|Total expenditure|||996,424|687,026|1,683,450|1,727,440|
|Net income/(expenditure)||for the|||||
|year/|||||||
|Net movement|in funds||669,898|(163,745)|506,153|(61,892)|
|Fund balances|at 1April 2021||271,306|453,562|724,868|786,760|
|Fund balances|at 31March 2022||941,204|289,817|1,231,021|724,868|
##
||||Unrestricted|Restricted|Total 2021|
|---|---|---|---|---|---|
||||funds|funds||
|||Notes|E|E||
|Income from;||||||
|Donations
and|legacies||788,675|662,619|1,451,294|
|Charitable
activities|||165,815||165,815|
|Investments|||33,439||33&439|
|Other income|||15&000||15,000|
|Totalincome|||1,002,929|662,619|1,665,548|
|Expenditure
on:||||||
|Raising funds|||279,923||279,923|
|Charitable
activities|||752,630|694,887|1,447,517|
|Total expenditure|||1,032,553|694,887|1,727,440|
|Net expenditure||for the yearl||||
|Net movement|in funds||(29,624)|(32,268)|(61,892)|
|Fund balances at||1April 2020|300,930|485,830|786,760|
|Fund balances|at 31March 2021||271,306|453,562|724,868|
|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Notes|E||||
|Fixed assets||||||||
|Tangible assets|||12||29,776||905,536|
|Investments|||13||3||3|
||||||29,779||905,539|
|Current assets||||||||
|Debtors|||14|35,447||88,546||
|Cash at bank and in||hand||1,266,052||286,446||
|||||1,301&499||374,992||
|Creditors: amounts||falling||||||
|due within one year|||15|(68,163)||(51'1,595)||
|Net current assets/(liabilities)|||||1,233,336||(136,603)|
|Total assets less current liabilities|||||1,263,115||768,936|
|Creditors: amounts|falling due|||||||
|after more than one||year|17||(32,094)||(44,068)|
|Net assets|||||1,231,021||724,868|
|Income funds||||||||
|Restricted funds|||19||289&817||453,562|
|Unrestricted
funds|||20||941,204||271,306|
|Net assets|||||1,231,021||724,868|
##
|||||2022||2021||
|---|---|---|---|---|---|---|---|
|||Notes||E||||
|Cash flows from||||||||
|operating
activities||||||||
|Cash generated
from||||||||
|operations|||26||(162,029)||(219,108)|
|Investing
activities||||||||
|Purchase oftangible|fixed|assets||(9,285)||(19,262)||
|Proceeds on disposal|oftangible|||||||
|fixed assets||||1,601,400||||
|Proceeds on disposal|ofinvestment|||||||
|property||||||1,240,000||
|Interest and rental||||||||
|income received||||2,912||33,439||
|Net cash generated|from|||||||
|investing
activities|||||1,595,027||1,254,177|
|Financing
activities||||||||
|Repayment
ofbank loans||||(453,392)||(700,274)||
|Repayment
ofother loans||||||(150,000)||
|Proceeds from new bank loans||||||50,000||
|Net cash generated|from/(used||in)|||||
|financing
activities|||||(453,392)||(800,274)|
|Net increase
in cash|and|cash||||||
|equivalents|||||979,606||234,795|
|Cash and cash equivalents||at||||||
|beginning
ofyear|||||286,446||51,651|
|Cash and cash equivalents||at|end|||||
|ofyear|||||1,266,052||286,446|
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|Donations an|d legacies|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total 2022|Total 2021|
|||funds|funds|||
|||E|E|E|E|
|Donations and gifts
For the year ended 31"
627,918|||523,281|1,151,199|1,451,294|
|March 2021||788,675|662,619||1,451,294|
|Income from|charitable|activities||||
|||||2022|2021|
|||||E|E|
|Donations|and gifts|||258,809|165,815|
|Investments||||||
|||||2022|2021|
|||||E|E|
|Rent receivable|||||33,435|
|Interest receivable||||2,912|4|
|||||21912|33,439|
##
|6.|Other incom|e||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Unrestricted|Total|
|||||||||funds||
|||||||||2022|2021|
|||||||||E|E|
||Net gain on||disposal||oftangible fixed assets|||759,717|15,000|
||Insurance|proceeds||||||16,966||
||Other income|||||||776,683|15,000|
|7.|Raising funds|||||||||
|||||||||2022|2021|
|||||||||E|E|
||Fundraising||and publicity|||||||
||Staff costs|||||||183,013|199,645|
||Depreciation|||and impairment||||80|631|
||Support costs|||||||71,418|79,647|
||Fundraising||and publicity|||||254,511|279,923|
||Expenditure|on||charitable||activities||||
|||||||Mobility|Life &|Total|Total|
|||||||Project|Work|2022|2021|
|||||||E|E|E|E|
||Staffcosts|||||156&619|688,354|844,973|836,853|
||Depreciation|||and impairment|||5&711|5,711|30,015|
||Share ofsupport cost|||||251,082|252&643|503,725|506,354|
|||||||407,701|946,708|1,354,409|1,373,222|
||Share ofgovernance||||costs (see|||||
||note 9)|||||37,265|37,265|74,530|74,295|
|||||||444,966|983,973|1,428,939|1,447,517|
##
|xpenditure|on charita|ble
activities|(continued)|||
|---|---|---|---|---|---|
|||Mobility|Life &|Total|Total|
|||Project|Work|2022|2021|
|||E|E|E|E|
|Analysis|by fund|||||
|Unrestricted
funds||263,761|478,152|741,913||
|Restricted|funds|181,205|505,821|687,026||
|||444,966|983,973|1,428,939||
|||Mobility|Life &|||
|||Project|Work|||
|For the year ended
31"March 2021||||||
|Unrestricted
funds||245,862|506,768||752,630|
|Restricted|funds|199,530|495,357||694,887|
|||445,392|1,002,125||1,447,517|
##
##
|overnance costs|||
|---|---|---|
||2022|2021|
||E|E|
|Staff costs|41,703|44,975|
|Depreciation|563|4,414|
|Other costs|32,264|24,906|
||74,530|74,295|
##
|overnance|costs (continued)|||
|---|---|---|---|
|||2022|2021|
|||E|E|
|Analysed|between:|||
|Fundraising||||
|Charitable|activities|74,530|74,295|
|||74,530|74,295|
##
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|he total staff costs an|d employees'
benefits was|as follows:||
|---|---|---|---|
|||2022|2021|
|||E|E|
|Wages and salaries||944,511|945,24'1|
|Social security||88,745|93,315|
|Defined contribution|pension costs|34I174|36,475|
|Other employee
benefits||2,259|6,442|
|Redundancy
costs||||
|||1,069,689|1,081,473|
|nsion co|sts) ofmore than f60,000 is as f|ollows:||
|---|---|---|---|
|||2022|2021|
|||E|E|
|E60,001|—E70,000|||
|E70,001|—E80,000|||
##
|angible fix|ed as|sets||||
|---|---|---|---|---|---|
|||Freehold|Charitable|Fixtures,|Total|
|||land and|assets|fittings
&|2022|
|||buildings||equipment||
|||E||E||
|Cost||||||
|At 1«April||1,095,644|126,706|126,505|1,348,855|
|2021||||||
|Additions||||9,285|9,285|
|Disposals||(1,095,644)|(74,206)|(105,081)|(1,274,931)|
|At 31«March||||||
|2022|||52,500|30,709|83,209|
|Depreciation||||||
|At 1«Apnl||255,205|116,118|71,996|443,319|
|2021||||||
|Charge for|the||2,336|4,018|6,354|
|year||||||
|Eliminated|on|(255,205)|(72,962)|(68,073)|(396,240)|
|disposals||||||
|At 31«March||||||
|2022|||45,492|7,941|53I433|
|Net book||||||
|value at 31«||||||
|March 2022|||7,008|22,768|29,776|
|At 31«March||||||
|2021||840,439|10,588|54,509|905,536|
##
|Cost or valuation
At1"April 2021and 31"March 2022|
|---|
|Carrying
amount
At31"March 2022|
|At 31"March 2021|
##
|ther inves|tme|nt|s
comprise:||||
|---|---|---|---|---|---|---|
|||||Note|2022|2021|
||||||E|f|
|Investment||in|subsidiaries|25|||
|ebtors|||||||
||||||2022|2021|
||||||E|E|
|Amounts|falling due within one year:||||||
|Other debtors|||||27,135|57,700|
|Prepayments|||and accrued income||8,312|30,846|
||||||35,447|88,546|
##
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|FOR|THE YEAR ENDED 31|s MARCH 2022|s MARCH 2022|||
|---|---|---|---|---|---|
|15.|Creditors: amounts|falling due within one year||||
||||Note|2022|2021|
|||||E|E|
||Bank loan||16|10,000|451,418|
||Taxes and other social security costs|||23,242|24,503|
||Trade creditors|||24,921|23,082|
||Other creditors||||569|
||Accruals|||10,000|12,023|
|||||68I163|511,595|
|16.|Loans and overdrafts|||||
|||||2022|2021|
|||||E|E|
||Bank loans|||32,094|495,486|
||Payable within one||year|10,000|451,418|
||Payable after one|year||32,094|44,068|
||Amounts
included||above which fall due after five years:|||
||Payable by instalments||||3,390|
|17.|Creditors: amounts|falling due after more than one year||||
||||Note|2022|2021|
|||||E|E|
||Bank loan||16|32,094|44,068|
##
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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|
||2021|||2022|
||E|||E|
|Mobility Project and related|||||
|services|100,975|201,778|181,205|121,548|
|Life SiWork|352,587|321,503|505,821|168,269|
||453I562|523,281|687,026|289,817|
##
|||||Movement|in funds||
|---|---|---|---|---|---|---|
||||Balance at
1"April|New
designation|Utilised
realised|Balance at
31"March|
||||2021|||2022|
||||E|E|E|E|
|Unrestricted|—General||271,306|1,316,322|996,424|591,204|
|Office investment||||100,000||100,000|
|Investment|in operations|||250,000||250,000|
|Total unrestricted||funds|271,306|1,666,322|996,424|941I204|
|FOR|THE YEAR ENDED 31sr MARCH 2022||||
|---|---|---|---|---|
|21.|Analysis ofnet assets between funds||||
|||Unrestricted|Restricted|Total|
|||funds|funds||
|||E|E|E|
||Fund balances at31"March 2022 are||||
||represented
by:||||
||Tangible fixed assets|22,768|7,008|29,776|
||Investments|3||3|
||Current assets|950,527|282,809|1,233,336|
||Long term liabilities|(32)094)|-|(32,094)|
|||941,204|289,817|1)231,021|
|22.|Comparative
analysis ofnet assets between|funds|||
|||Unrestricted|Restricted|Total|
|||funds|funds||
|||E|E|E|
||Fund balances at31"March 2021 are||||
||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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##
||Name ofundertaking|Registered|Registered|Nature of|Class of|'/o held|
|---|---|---|---|---|---|---|
||||office|business|shareholding|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||||||
||||||2022|2021|
||||||E|E|
||(Deficit)/surplus
for the year||||506,153|(61,892)|
||Adjustments
for:||||||
||Investment
income recognised|as profit or loss|||(2,912)|(33,439)|
||Gain on disposal oftangible fixed||asset||(759,717)|(15,000)|
||Loss on disposal oftangible
fixed||asset||37,008||
||Depreciation
and impairment|oftangible fixed||assets|6,354|35,060|
||Movements
in working capitaL||||||
||(Increase)/decrease
in debtors||||53I099|6,720|
||Increase/(decrease)
in creditors||||(2,014)|(150,557)|
||Cash generated
from operations||||(162,029)|(219,108)|
##
|alysis|ofchange
in net (debt)/funds||||
|---|---|---|---|---|
|||At1"April|Cash flows|At 31st|
|||2021||March 2022|
|||E||E|
|Cash|at bank and in hand|286,446|979,606|1,266,052|
|Loans|falling due within one year|(451,418)|441,418|(10,000)|
|Loans|falling due after more than one||||
|year||(44,068)|11,974|(32,094)|
|||(209I040)|1,432,998|1,223,958|