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TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31st MARCH 2025
CHARITY REGISTRATION NUMBER: 1068841 COMPANY REGISTRATION NUMBER: 3487626 (ENGLAND & WALES)
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ACTION FOR KIDS CHARITABLE TRUST Contents Page Chairman and Chief Executive Statement Legal & Administrative Informotion Trustees, Report Statement of Trustees. Responsibilities Independent Auditor's Report 22 Statement of Financial Activities 27 Balance Sheet 28 Statement of Cashflows 29 Notes to the Financial Statements 30
ACTION FOR KIDS CHARITABLE TRUST CHAIRMAN AND CHIEF EXECUTIVE STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 Chair's Introduction I am pleased to report continued growth in AFKS seNices, reaching more young people than ever before. There are two unusual features about AFK. One is that we receive very little statutory funding, with the large majority of our money raised with the generosity of the wonderful Corporates, Trusts and Foundations, and individuals who support us. The second distinguishing feature is that we do not require a young person to have an Education, Health and Care Plan (EHCP) to access our services. This is a deliberate choice we make as an organisation, reflecting our commitment to removing barriers that prevent young people from receiving the support they need. It also means that the young people we help can begin receiving support immediately. Given that the EHCP process can take up to 20 weeks. this feature is more important than ever. The Institute for Fiscal Studies reports a fall in real terms of around a third in funding for EHCP Plan recipients over the period 2015-2024 underlining the need for access to and demand for our services. I'm very proud to see AFK constantly innovating its services and continuing to grow. Thank you as always to the AFK Team, and my fellow Trustees for working so hard to make a meaningful difference to so many lives. CEO'S Report This year we conducted a strategic review and identified some new programme areas and sources of income. Following this we completed a three year strategy and business plan for the period 2025-2028. We are very pleased to report a small surplus for the financial year 2024-25 and our business plan projects small surpluses for the next two years as these new income sources come on stream. AFK helped 725 children and young people over the financial year. which is more than ever before. 178 pieces of mobility equipment were provided which is an increase of 8¥0 on the previous year and our Mobility team raised £113k to help people fund their equipment. Our work begins in schools where we inspire young people with all the possibilities of work - from self-employment to more traditional roles. This year we reached o record 295 young people which is also more than ever before. Our employment services helped 93 people goin jobs and our new self-employment service continued from strength to strength. 77 people attended workshops to help them decide if running their own business was their best option and our Summer Business School took place in July 2024 and showcased nine participants with businesses ranging from music to foshion.
ACTION FOR KIDS CHARITABLE TRUST CHAIRMAN AND CHIEF EXECUTIVE STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 As well as motivating young people with the possibilities of the world of work, our travel training service offers vital training to help young people navigate public transport. Our service trained 8 young people in 2024125, some of whom were referred from local authorities (London Borough of Camden, London Borough of Hackney, and London Borough of Islington). Travel training can reduce expenditure on taxis by Local Authorities and other care providers, as well as enabling people with additional needs to be more independent. Travel training was identified in our strategic review as an area we can market more widely and expand. Over recent years we have been delivering Equality, Diversity, and Inclusion (EDI) training to a variety of organisations. Next year we will be expanding the service and launching it as our first social enterprise. As with all our services. ouryoung people will be at the heart of this new venture, co delivering training to organisations with their lived EDI experience. The Trustees and Chief Executive wish to convey their heartfelt gratitude to our funders, partners, staff and volunteers who deliver or fund our vital work with enthusiasm and passion to enable those with disabilities or neurodiversity to achieve better lives and fulfil their potential. G Dhillon Chair Dcoe Chief Executive
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 LEGAL AND ADMINISTRATIVE INFORMATION Charity name: Action For Kids Charitable Trust Charity registered number: 1068841 Company number: 3487626 Principal & registered office: 101 Pentonville Road London NI 9LG Trustees: Gurmeet Dhillon (as at the date of this report) Athanasios Karampelas Stacey Body Miriam Deokin Timothy Meredith Thembani Mkwananzi Dom Hyams Alicia Loh (Chair) (Treasurer) (appointed 22 October 2024) (appointed 22 October 2024) Chief Executive: David Coe Professional advisors Auditors: MHA 6th Floor 2 London Woll Place London EC2Y SAU Bankers: HSBC Bank plc 22 Victoria Street London SWIH ONJ Solicitors: Muscatt Walker Hayim Speen House Porter Street London WIU 6WH
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 The Trustees of the Action For Kids Charitable Trust ("the Charity") present their Trustees, Annual Report and financial statements for the year ended 31st March 2025. The financial statements have been prepared in accordance with the accounting policies set out in Note I to the financial statements and comply with the Charity's governing document, the Companies Act 2006 and the "Accounting and Reporting by Charities: Statement of Recommended Proctice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)." OBJECTS OF THE CHARITY The Objects of the Charity, os set out in the Chority's Memorandum of Association, are: l. The relief of children and young people who are suffering from sickness or physical or mental disability by assisting them to lead full and independent lives and by any other means whatsoever. 2. The provision of support and assistance to the carers of children or young people suffering from physical or mental disability. 3. Such other charitable purposes as the Trustees may from time to time think fit. There have been no changes in Objects since the last Trustees, Report. In furtherance of the Objects. the Charity undertakes the following activities: Providing disabled young people with training in work and life skills; Promoting opportunities for disabled young people to work and volunteer in the community. Providing opportunities for disabled young people to engage in sport and social activities" Providing specialist mobility equipment, through loons or gronts, to disobled young people. VISION & MISSION As an integral part of delivering the Objects of the Charity, the Trustees and Management are committed to the following vision and mission for the Charity: Our vision is a world where there are no barriers to independence for children and young people who are disabled or neurodiverse. Our mission is to create opportunities for children and young people who are disabled or neurodiverse, to increase their independence, reach their individual potential and remove the barriers they face.
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 Helping students to develop their mobility. personal and independent living skills is an essential part of helping them to succeed. The Charity focuses on a young person's potential to benefit from our support, not the apparent barriers they face. To achieve the mission the Charity.. Involves, informs and empowers young people living with a disability; Provides equipment to support personal mobility; Provides the best possible education, training and support; Champions the rights and interests of people living with o disability; Shares its experience and what it has learnt. PUBLIC BENEFIT The Trustees have reviewed the activities of the Charity and consider that, in line with the Charity's Objects, the Charity provides public benefit in o variety of ways, including: The advancement of education: By providing disabled young people with courses in work and life skills; The promotion of equality and diversity: By promoting opportunities for disabled young people to work and volunteer in the wider community; By providing opportunities for disabled young people to engage in sporting, artistic and social activities. The relief of those in need by reason of ill-heolth andlor disability: By providing specialist mobility equipment, through loons or grants, to disabled young people. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. All the Charity's services are open to all members of the public, irrespective of race, gender, religion, disability or sexual orientation. Most of the Charity's services are provided without charge to the individual beneficiary. GOVERNANCE Governing document The Charity was originally registered under a Deed of Trust in 1992, in response to the problems facing disabled children, young people and their families and in recognition of the disparity between the numbers of such children and the availability of appropriate support. With effect from 1st April 1998, the Action For Kids Charitable Trust was registered as a charity and a company limited by guarantee. It is governed by its Memorandum and Articles of Association (amended on 12th November 2012). Each of the members has a liability to contribute £1 in the event of a winding up of the company.
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 Trustees The Board of Trustees ("the Board") sets the strotegic direction of the Charity and is also responsible for ensuring complionce with the Charity's Objects ond chority and company law. The Trustees, who are also directors for the purpose of company law, who served during the year and up to the date of signature of the financial statements were: Gurmeet Dhillon Athanasios Korampelos Stacey Body Miriam Deokin Timothy Meredith Thembani Mkwananzi Dom Hyams Alicia Loh Chair Treasurer {appointed 22 October 2024) (appointed 22 October 2024) New Trustees are appointed by the members of the Charity on the recommendation of the Board. For all new Trustees, there is an induction process. and all Trustees have a role description and are subject to a Code of Conduct. In addition to regular Board meetings, there is an annual Board Away Day when Trustees receive appropriate briefings and training in their roles as Trustees of the Charity. Additionally, Board members can avail themselves of external training courses relevant to their roles as required. The Charity has a Conflict of Interest policy that all Trustees and staff must comply with. None of the Trustees has any beneficial interest in the Charity. All of the Trustees are members of the company. Risk Management A comprehensive process is in place to identify ony mojor risks to the Charity's users, staff, operations, reputation, income and assets. The Trustees assess these risks regularly and are satisfied that systems are in place to mitigate them. The Charity is an accredited Investor in People, and this continues to help ensure that policies, procedures and controls are regularly reviewed, updated and. where necessary, improved. This assists the Trustees and Senior Management Team in minimising risk exposure. On-going review of the Charity's strategy, plans and operations ensures that risk management is an integral part of the operation of the Charity.
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 MANAGEMENT The Chief Executive is appointed by the Trustees to manage the day-to-day operations of the Charity and is accountoble to the Board for the performance of the Charity. In turn, the Chief Executive appoints the other members of the Senior Management Team (SMT) and together they manage the Charity's activities. Senior Management Team The members of the Senior Management Team during the period and at the date the accounts are signed are: David Coe Rachel Akehurst Katie Cavanagh Ryan Tring Chief Executive Executive Director, Services Fundraising and Communications Director Director of Finance & Corporate Seniices Staff recruitment and monagement The Charity's policy is to consult ond discuss with employees, at meetings and informally, matters likely to affect employees, interests. Information on matters of concern to employees is given through information bulletins, reports and meetings, which seek to ochieve o common awareness on the part of all employees of the financial and economic factors affecting the Charity's performance. Applications for employment by disobled persons are always fully considered, beoring in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the Charity continues and that the appropriate training is arranged. It is the policy of the Charity that training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees. All new members of staff are provided with a comprehensive induction programme. All roles have a detailed job description and annual staff appraisals are carried out in addition to more informal supervision meetings. Training requirements are primarily identified by reference to personal work-related objectives and other targets highlighted in the appraisals, which are directly linked to objectives for the Charity. The pay of senior staff and of key management personnel is reviewed annually by the Board of Trustees. Pay is compared with similar positions in comparable organisations where applicable.
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 OPERATING NAME AND BRAND In addition to its legal name, "Action For Kids Charitable Trust" the Charity operates under the name "AFK" (previously MY-AFK).
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 Service Delivery Review Thank you so much to the generosity of the charity's supporters. which has enabled us to support 725 children and young people who are disabled and neurodiverse to live independently and reach their potential. We achieved this by providing specialist mobility equipment and delivering tailored employment support. Specialist Mobility Equipment In the financial year 2024-25, we provided 178 items of specialist mobility equipment. This marks an 8¥0 increase on the previous year, due to the annual budget being increased from £250k to £260k, and the Mobility team saved £113k through advocacy, supporting individual fundraising and negotiating with suppliers. This makes AFK'S funding go as far as possible, without compromising the quality of equipment for the children and young people we support. Jaiden, aged 13, pictured below, has chromosome trisomy syndrome, a genetic condition, which results in an extra copy of a chromosome. We funded an off-road powerchair, which Jaiden can learn to manoeuvre himself, reducing his isolation ond increosing access to outdoor activities. ..f -V J The Mobility Team worked to secure individual fundraising and provided advocacy on behalf of the families we support. We secured pledges for life changing equipment for children and young people from The Elifar Foundation, Florence Nightingale Aid in Sickness Trust, DTD Charity, Independence at Home, The Hospital Saturday Fund. Barchester's Charitable Foundation, Caudwell Children, The Joseph Patrick Trust, Promise Dreams (who made donations towards children's requests), The Victoria Foundation. io
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 Supporting Young People into Paid Employment Through our Employment and Skills programme, we supported 155 disabled and neurodiverse young people, aged 18-25, into paid employment. In 24125, 58Wo of our referrals to this programme came from Haringey, 20 % from Enfield, while the remaining 220/0 came from eight London boroughs (Barnet, Brent, Camden, Hackney, Kensington and Chelsea, Newham, Redbridge and Waltham Forest). The majority of young people are involved in the employer visits that are arranged each month (pictured below). These behind-the-scenes tours remain beneficial in getting to know about the type of jobs that exist and to broaden young people's aspirotions. Our employer visits this past year have included trips to the Shord with Kraft Heinz, the British Librory, Gregg's warehouse, National Theatre and Arriva. The impact of our support is long-term, with paid work creating social and economic benefits for life. In 24125, we supported 93 young people through this programme. Of these young people: 23 gained paid employment 30 completed external work placements 20 have been placed into voluntary positions to enhance their confidence, skills and experience before going into paid work 75Wo were still in paid employment 12 months after leaving the programme. In addition, we supported a further 62 young people who are still in education. These young people took part in elements of the employability programme, alongside their educational commitments, to help prepare them for when they leave school or college this year. li
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 Exploring Entrepreneurship We recognise that traditional paid employment isn't always suitable for disabled and neurodiverse young people. Our"We Mean Business" programme helps young people that have a passion or idea that they wont to turn into their own business. It helps young entrepreneurs, aged 16-25, living in London, gain confidence, knowledge, skills and techniques to stort their own business and become 5elf-employed. In 24125 we supported 97 young people, of which; 77 attended workshops, which introduced them to self-employment as a career pathway. 20 received one to one mentoring ond support to develop their business ideas into trading businesses. We welcomed nine young entrepreneurs from the progromme to our first Summer Business School at the Small Business Research Enterprise Centre, in July 2024 (pictured below) an intensive two-week programme, designed to build confidence, develop skills and understanding of self-employment. We delivered practical activities, alongside mentoring and invited guest speakers to help young people refine their business concepts. By the end of the programme, seven had clear business ideas, while two - initially uncertain found direction in selling second-hand vinyl and Arsenal merchandise. t f r 12
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 Celebrating five years with A New Direction AFK'S Cultural Ambassadors. a 22-week programme delivered in partnership with A New Direction, provides disabled and neurodiverse young people with a gateway to careers in the arts. March 2025 marked the fifth anniversary of this partnership, which culminated in the l AM Festival at the Tate Modern. It brought London organisations together to'make Some Noise", whereyoung people took part in workshops, highlighting dance, music, theatre and art (pictured above). The festival championed inclusivity, providing a platform for creativity and challenging stereotypes among young people and employers. 13
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 This year saw alumni, Parag, take on a paid role (pictured above). His talent, enthusiasm and engagement were recognised during last year's programme, leading to an exciting offer to become this year's Assistant Programme Facilitator. This paid role allowed him to mentor new people on the programme and contribute to the running of it. In the final session, Parag said it was "bittersweet" as he reminisced on his time as a facilitator. This was one of four programmes delivered by our Impact and Innovation Team, that help disabled and neurodiverse Londoners explore employment opportunities whilst they are in full time education. Collectively, these programmes supported 295 children and young people over the past year. This sudden increase against the lower target set for Aspire to Work highlights the rising demand from schools and the need to prepare students with SEND for employment from a much earlier age and we were able to secure additional resources this year to facilitate these additional sessions. Thank you so much to the generosity of the charity's supporters which has made such a difference to our community. 14
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 We ensure there is no unreasonable intrusion to vulnerable people, by limiting the number of times we contact our supporters in the year (currently three appeals and three raffles) and allowing supporters to opt out of all forms of communication from us. We are registered with the Fundraising Preference Service. We didn't receive any complaints about our fundraising during the year. Community & Events Our Community & Events programme hos continued to deliver a series of family friendly viewings at the Art House in Crouch End with our partner Paths Through Change, and we have taken part in several local North London events. We've trialled stalls at local markets, offering tote bags designed by the young people we work with and had wonderful people taking part in running events around London. Our seven runners in the London Marathon raised over £21,000 fantastic achievement! Corporate Partnerships We continued our partnership with several companies who have given their time to support our young people with employability skills as well as fundraising. We've continued our hugely successful partnership with the Berkeley Foundation, and they supported us with Golf Days, Wine Tasting and Question of Sport events, and hosted our Pop Up shop series with our Self- Employment Programme Entrepreneurs. Sideout and Conory Wharf Management helped to deliver our award-winning event, AFK Beach Volleyboll, with a sand-filled court in Canary Wharf in London, open to all for fun and fundraising. Trusts & Foundations We have several regular and multi-year Trust & Foundation partners who continue to support our mobility programme, our Impact & Innovation progromme ond our Employment & Skills services supporting more young people into paid employment. These partnerships make a huge difference to the children and young people we support our work, ensuring our work is sustainable. Individuals We send an Appeals to our supporters three times o yeor and we received thousands of pounds from them - thank you to each and every one who donated! In Autumn we wrote to our supporters about Boronica who received a trike through our mobility programme. Our Christmas Appeal included a bauble for supporters to return to us with o message so we could decorate our tree and share their support! 16
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 Raffle Thousands of supporters play our raffle three times a year and we've been growing the number of people who play online too our generous supporters buy tickets and make additional donations to support all of our valuable work. Legacies We received legacies totalling over £250k this year. thonk you so much to the wonderful generosity of supporters who left AFK a gift in their Will. This type of gift ensures that your support impacts future generations and is very much appreciated. Marketing & Communications We have developed a suite of templates and marketing collateral so that we are easily identifiable online, on social media and at the events our Services Team attends. We've continued to increase our followers across all social media channels and our website now regularly features the stories of the young people we support. 17
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 EQUALITY, DIVERSITY, INCLUSION (EDI) AND ENVIRONMENTAL SOCIAL AND GOVERNANCE (ESG) We recognise that the people we support and the people who support us want to see AFK driving positive, sustainable and ethical change for our employees and volunteers, the communities we work with, our suppliers and wider society and environment in general. Our Staff Culture and Communications Committee conducted an EDI survey of staff which provided some base data and following that and external advice we will be adding 'Inclusion' to our values to demonstrate our organisational commitment. In the ESG area, we have moved to an office share arrangement with the charity Sense and they have a robust environmental policy in operation which covers our office arrangements. Our EDI IESG questionnaire to all our suppliers to gauge their compliance and policies is an ongoing process. On the Governance front, we have formed a Finance Audit and Risk Committee (FARC) to provide specialist oversight for this crucial area. REVIEW OF FINANCIAL POSITION Income for the year was £1,714,062 which included donations and legacies of £1,691,523. This compares with income for 2024 of £1,603.008 of which £1,585,436 wos in respect of donations and legacies. Regular expenditure was £1,703.545 a decrease of £73,228 on the previous year. The cost of raising funds decreased by £46,719 with charitable activities lower by £123,937. Additionally, £4,448 was spent from the designated investment reserve for a specific awareness and fundraising project. This is included in the total expenditure figure of £1,707,992 The overall result is a surplus before the specific of £6,070 and a corresponding increase reserves of the same figure. Opening reserves were £734,053 with reserves at the year end of £740,123 of which £623,963 were unrestricted and £116,160 restricted. 18
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 POLICIES & OTHER DISCLOSURES Grant-making policy In providing mobility aids which are oppropriate for disobled children and young persons, the Charity assesses each applicant in accordance with the following criterio: The length of time which has elapsed from the date of their application to the Charity; The cost of the mobility aid required; Any other appropriote factors. Reserves policy The Charity is required to consider what level of reserves is appropriate to hold in order to demonstrate appropriate financial monogement, stewardship and sustainability. The Trustees wish to provide a transparent assurance to all of the Charity's stakeholders that the Charity is being managed in a prudent manner in the interests of its beneficiaries. In forming a view of the appropriote level of reserves the Charity hos considered the organisation's working capital requirements. financial risk management by particular reference to the Charity's risk register. and the future strategic planning of the Charity. Moreover, the Charity's policy for reserves is linked to and is part of its formal consideration of the Charity's going concern presumption. Monitoring and oversight of the Charity's reserves is undertaken throughout the year by the senior management team in concert with the Finance and Risk Committee (FARC) through monthly management accounts and forecasts. On a formal basis, the FARC reviews the Charity's reserves policy and recommends its continuonce or any changes thereto os part of the audit year end process. In consideration of the above, the Charity has adopted dynamic reserves setting by taking a step-by-step approach to the range of resenies required by reference to: the financial risks the Charity faces; the certainty and predictability of future income; the impact of future plans and strategy; and any working capital requirements. Additionally, the Charity excludes from the setting of free resenies any expenditure for which restricted funding has been received. iv 19
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 The range of reserves so established will be monitored by the FARC throughout the year to determine whether any change is required. The Trustees consider that the dynamic range of reserves so determined will ensure that, in the event of a significant drop in funding, either they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised or, should that prove impossible, enable the fulfilment of the costs ossociated with the closure of the Charity. The level of reserves ovoiloble to the Charity as ot 31st Morch 2025 is £623,963. This sits comfortably within the dynomic range of reserves which wos determined to be between £490,000 and £630,000 ot 31st March 2025. Disclosure of information to auditors Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditors are aware of such information. The Trustees, who are also the directors of the Action For Kids Charitable Trust for the purpose of company law, are responsible for preparing the Tru5tees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees 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 resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to: Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP; Make judgements and estimates thot ore reosonoble and prudent; and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. 20
ACTION FOR KIDS CHARITABLE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31ST MARCH 2025 The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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. This report has been prepared having taken advantage of the small companies, exemption in the Companies Act 2006. Signature and declaration I declare, in my capacity as Trustee of the Charity, that the Trustees have approved the report above and authorised me to sign it on their behalf. Athanasios Karampelas, Treasurer Date: 4 November 2025 21
ACTION FOR KIDS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2025 Unrestrirte d funds Restricted funds Total 2025 Total 2024 Notes Income from: Donations and legacies Investments 1,077,037 22,539 614,486 1,691,523 22,539 1,585,436 17,572 Total income 1,099,576 614,486 1,714,062 1,603,008 Expenditure on: Raising funds Charitable activities 457,617 562,738 457,617 1,250,375 504,337 1,374,312 687,637 Total expenditure 1,020,355 687,637 1,707,992 1,878,649 Net incomel(expenditure) for the yearl Net movement in funds 79,221 (73,151) 6,070 (275,641) Fund balances at l April 2024 544,742 189,311 734,053 1,009,694 Fund balances at 31 March 2025 623.963 116,160 740,123 734,053 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure is derived from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 27
ACTION FOR KIDS CHARITABLE TRUST BALANCE SHEET AS AT 31ST MARCH 2025 2025 2024 Notes Fixed assets Tangible assets Investments 10 11 34,795 54,503 34,798 54,506 Current assets Debtors Cash at bank and in hand 12 424,729 396,869 821,598 312,358 541,304 853,662 Creditors: amounts falling due within one year Net current assetsl(liabilities) 13 (116,274) {163,022) 705,325 690,640 Total assets less current liabilities Creditors: amounts falling due after more than one year 740,123 745,146 15 (11,093) Net assets 740,123 734,053 Income funds Restricted funds Unrestricted funds 16 17 116,160 623,963 189,311 544,742 Total funds 740,123 734,053 The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of financial statements. The finonciol statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved by the Trustees on 4 November 2025 Athanasios Karampelas, Treasurer Company registration number: 3487626 Charity number: 1068841 The notes on pages 33 to 48 form an integral part of these financial statements 28
ACTION FOR KIDS CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MAR 2025 2025 2024 Notes Cash flows from operating activities Cash generated from operations 23 (149,820) (526,051) Investing activities Purchase of tangible fixed assets (6,060) (4,861) Interest and rental income received 22,539 17,572 Net cash generated from investing activities 16,479 12,711 Financing activities Repayment of bank loans (11,094) (10,648) Net cash generated froml(used in) financing activities (11.094) (10,648) Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year (144,435) (523,988) 541,304 1,065,292 Cash and cash equivalents at end of year 396,869 541.304 29
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Accounting policies Charity information Action For Kids Charitable Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is 101 Pentonville Road London Nl 9LG. 1.1 Accounting convention The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice opplicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Irelond (FRS 102) and the Companies Act 2006. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historicol cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have assessed the use of going concern and hove considered possible events or conditions that might cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. The Trustees have concluded there is a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern bosis of accounting in preparing the financial statements. The Trustees have an agreed three year rolling financial plan covering the period up to March 2027. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the Charity is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. 30
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performonce conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount can be reliably measured and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. 1.5 Expenditure All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate costs related to the category. Expenditure is recognised when there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. The Charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT. Costs of generating funds include salary. direct expenditures and overhead costs of staff to promote fundraising including events. Governance costs are those incurred in connection with the odministration of the Charity and compliance with constitutional ond stotutory requirements. Resources expended allocated to a particular activity are the costs related to that activity and apportionments based on the percentage of total wages and salaries and floor area. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment105ses. Depreciation is recognised to write off the cost or valuation of assets less their residual values over their useful lives on the following boses: Freehold land and buildings 2% on straight line Charitable assets 25Wo on reducing balance Fixtures, Fittings & Equipment 15Wo on reducing balance Tenants Improvements Over the period of the lease Assets under £500 are not capitalised The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset.and is recognised in net incomel(expenditure) for the year. 31
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 1.7 Fixed asset investments Fixed asset investments are initially measured at tronsaction price excluding transaction costs, and are subsequently meosured ot foir volue ot each reporting date. Changes in fair value are recognised in net incomel(expenditure) for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controlled by the Charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities 1.8 Impairment of fixed assets At each reporting end dote, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indicotion thot those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held ot call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Financial instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities ore offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on o net bosis or to reolise the osset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the 32
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors ore recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of on employee or to provide termination benefits. The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund. 1.12 Leases Rentals payable under operating leases, including any lease incentives received, are charged os an expense on o straight-line basis over the term of the relevant lease. 1.13 Group accounts Consolidation of group accounts is not required as the subsidiory is and is not considered as material in the context of the group. Critical accounting estimates and judgements In the application of the Charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 33
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision offects both current and future periods. In the opinion of the trustees, there were no specific judgements and assumptions that were critical in the preparation of these financial statements. Donations and legacies Unrestricted Restricted funds funds Total 2025 Total 2024 Donations and gifts 1,077,037 614,486 1,691,523 1,585,436 Investments Unrestricted 2025 Unrestricted 2024 Interest receivable 22,539 17,572 22,539 17,572 Raising funds 2025 2024 Fundraising and communications Staff costs Support costs Direct Costs 235,171 102,806 119,640 196,232 131,231 176,874 457,617 504,337 34
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 Expenditure on charitable activities Total 2025 Total 2024 Mobility Employment Communications Governance Services & Skills Staff cost 50,601 263.202 506,596 13.922 74.565 7,809 631,762 311,111 467,590 510,103 Direct Costs Depreciation ond impairment Share of support cost 26,179 22,121 335,924 252,785 773.302 32,596 114.970 307,502 396,620 26,179 1.250,375 1,374,313 Support Costs Mobility Services Employment & Skills Communications Fundraising Total 2025 Total 2024 Office Admin Bank Charges Depreciotion Staff Costs Legal Consultancy Troining Travel Premises HR IT Interest Payable Insurance 1,121 173 1,504 12,810 11,228 1.732 15,058 159.676 1,653 255 2.216 18,877 5,212 804 6.990 59,536 19,214 33,864 2,964 3,021 25,768 67,351 250,799 278,657 1,390 13,916 2,048 6,460 23,814 20,079 4,907 688 70,930 17,969 30,385 40 2,170 I,ioi 1,836 401 21,722 11,026 18,385 59 3,197 1.623 2,706 186 10,084 5,119 8,535 686 37,173 18,869 31,462 (26) (260) (38) (121) (445) 22,119 221,459 32,596 102,805 410,307 527,851 35
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 Mobility Services Employment Communications Governonce & Ski115 Total 2025 Totol 2024 Analysis by fund Unrestricted funds 421,589 114,970 26,179 562,738 710,206 Restricted funds 335,924 351.713 687,637 664,106 335,924 773,302 114,970 26,179 1,250,375 1,374.312 Grants to individuals in respect of the purchase of mobility equipment included within the Mobility Services above: £239,834 (2024: £232,952). Mobility Services Employment & Skills Total 2024 Communications Governance Foryear ended 31st March 2024 Unrestricted Funds 481,549 199,615 29,042 710,206 Restricted Funds 305,310 358,796 664,106 305,310 840,345 199,615 29,042 1,374,312 36
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 Governance costs 2025 2024 Auditors Other costs 22,528 3,651 25,336 3,706 26,179 29,042 Governance costs includes payments to the auditors of £22,528 {2023: £25,336) for audit fees, and other regulatory fee5. Communications 2025 2024 Staff costs Depreciation Direct costs Support costs 74,565 71,178 7,809 32,596 80,836 47,601 114,970 199,615 Trustees and key management personnel remuneration and expenses Two trustees received mobility grants from the Charity during the year totalling £1,042 (2024: Nil). No expenses were reimbursed during the year (2024: Nil). Key management personnel consist of trustees, the chief executive and other members of the senior management team. The total amount of employee benefits including employer's pension contributions received by key management personnel were £300,648 (2024: £314,530). 37
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 Staff costs and employee benefits The average monthly number of employees during the year was 31 (2024: 29) with a full time equivalent (E) of 24 (2024: 23) Staff costs and employee benefits (continued) The total staff costs and employees, benefits wos as follows: 2025 2024 Wages and salaries Social security Defined contribution pension costs Other employee benefits Temporary staff 978,097 95,141 31,447 13,048 853,529 84,944 32,071 7,970 80,786 1.117,732 1,059,300 The number of employees who received total employee benefits (excluding employer pension costs) of more than £60.000 is as follows". 2025 2024 £60,001- £70,000 £80,001- £90,000 38
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 10. Tangible fixed assets Charitable Tenants Fixtures, Improvements fittings & equipment Total 2025 assets Cost At 1st April 2024 Additions Disposals 52,500 97,817 49,690 200,007 6,060 6,060 (52,500) {52,500) At 31st March 2025 97,817 55,750 153,567 Depreciation At 1st April 2024 Charge for the year Eliminations on disposals 52,500 78,254 14,750 145,503 19,563 6,206 25,769 (52,500) {52,500) At 31st March 2025 97,817 20,956 118,772 Net book value at 31st March 2025 34,795 34,795 Net book value at 19.563 34,940 54,503 31st March 2024 39
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 11. Fixed asset investments Other investment Cost or valuation At 31st March 2024 and 31st March 2025 Carrying amount At 31st March 2024 and 31st March 2025 Other investments comprise: Note 2025 2024 Investment in subsidiories 22 12. Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 84,739 30,190 309,801 32,645 27,549 252,164 424,730 312,358 40
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 13. Creditors: amounts falling due within one year Note 2025 2024 Bank loan Taxes and other social security costs Trade creditors Other creditors Accruals Deferred income 14 10,648 30,611 50,394 820 13,800 10,000 10,648 26.975 53,615 21,760 18,900 31,124 116,273 163,022 Deferred income comprises funding received in advance of the year end for use in the subsequent financial year Deferred Income - Movements in the Year Ended 31 March 2025 blf balance Release in year Deferred for future periods 31,124 (31,124) 10,000 clf balance 14. Loans and overdrafts 2025 2024 (restated) 21,741 10,648 11,093 Bank loans 10,648 10,648 Payable within one year Payable after one year No security is held for this loan which incurs a fixed interest rate of 2.50/0 payable on the outstanding principal amount of the loan ond is opplicable until the final repayment date. Additionally, HSBC holds a charge over the Chority's assets for the BACS facility and for the credit card facilities. At the year end there was a figure of £1,100 outstanding in respect of the latter 41
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 15. Creditors: amounts falling due after more than one year Note 2025 2024 Bank loan 14 11,093 42
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 16. Restricted funds The income funds of the Charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes in relation to the Mobility Services and Employment & Skills. Further details about the work in relation to these two charitable activities can be found in the Trustees, Report. Balance at 1st April 2024 Income Expenditure Balance at 31st March 2025 Mobility Services Employment & Skills 37,720 315,145 335,924 16,940 151,591 299,342 351,713 99,220 189.311 614.487 687,637 116,160 17. Unrestricted funds The income of the Charity includes the following designated funds that have been set aside out of unrestricted funds by the trustees for specific purposes together with general unrestricted: Movement in funds Balance at Incomel New De5ignotion Expenditurel Transfers Balance at 31st March 2025 1st April 2024 reoli5ed Unrestricted - General Office Investment Investment in operations Total unrestricted funds 317,001 1.099.576 1.015.908 223,294 623,963 79,687 (79,687) 148,055 4,448 {143,607) 544,743 1,099.576 1.020,356 623,963 The unrestricted funds are funds that the charity has received that were not for specific purposes and as such held os unrestricted funds. The previous funds designated for office investment ond into operations for scoping fundraising opportunities hove now been discontinued and transferred back into general unrestricted funds 43
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 18. Analysis of net assets between funds Unrestricted Restricted funds funds Total Fund balances at 31st March 2025 are represented by: Tangible fixed assets Investments Net Current assets Long term liabilities 34,795 34,795 589,165 116,160 705,325 623,963 116,160 740,123 Comparative analysis of net assets between funds Unrestricted Restricted funds funds Total Fund balances at 31st March 2024 are represented by: Tangible fixed assets Investments Net Current assetsl{liabilities) Long term liabilities 54,503 54,503 501,329 (11.093) 189,311 690,640 (11,093) 544,742 189,311 734,053 44
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 19. Financial commitments, guarantees and contingent liabilities At 31 March 2025 the charity had annual commitments for office rent as follows: 2025 2024 Expiry date: In less than one year Later than one year and not later than five years 3,750 15,400 20. Capital commitments There were no capital commitments either authorised by the board or contracted for at the balance sheet date. 21. Transactions with related parties There are no related party transactions during the year (2024: Nil). 22. Subsidiaries These financial statements are separate charity financial statements for Action For Kids Charitable Trust. Details of the Charity's subsidiaries at 31st March 2025 are as follows: Name of undertaking Registered office Nature of business Class of shareholding % held Direct Indirect 100 Action For Kids Limited UK Dormant Ordinary The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation was as follows: Name of undertaking ProfitlLoss Capital & reserves Action For Kids Limited The fixed asset investments ore stated at cost. 45
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 23. Cash generated from operations 2025 2024 (Deficit)Isurplus for the year Adjustments for: Investment income recognised as profit or loss Depreciation and impairment of tangible fixed assets 6,070 (275,640) (22,539) 25,769 (17,572) 67,351 Movements in working capital: (Increase)Idecrease in debtors Increosel(decrease) in creditors (112,371) (172,611) (46,749) (127,579) Cash generated from operations (149,820) (526,051) 24. Analysis of change in net (debt)Ifunds At 1st April 2024 Cash flows At 31st March 2025 (restated) 541,304 {10,648) Cash at bank and in hand Loans falling due within one year Loans falling due after more than one year but less than five (149,820) 391,484 (10,648) {11,093) 519,563 11,093 {138,727) 380,836 25. Taxation The charity is exempt from tax on income and gains folling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chorgeable Goins Act 1992 to the extent that these are applied to its choritable objects 46
ACTION FOR KIDS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 Comparative Statement of Financial Activities including income and expenditure account for the year ended 31st March 2024 Unrestricted funds Restricted funds Total 2024 Notes Income from: Donations and legacies Investments 1,005,833 17,572 579,603 1,585,436 17,572 Total income 1,023,405 579,603 1,603,008 Expenditure on: Raising funds Charitable activities 504,337 710.206 504,337 1,374,312 664,106 Total expenditure 1,214,543 664,106 1,878,649 Net movement in funds (191.138) (84,503) (275,641) Fund balances at l April 2023 544,742 189,311 734,053 Fund balances at 31 March 2024 735,880 273,814 1,009,694 47
ACTION FOR KIDS CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACTION FOR KIDS CHARITABLE TRUST FOR THE YEAR ENDED 31ST MARCH 2025 Opinion We have audited the financial statements of Action For Kids Charitable Trust (the 'charitable company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities (including income and expenditure account), the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generolly Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2025, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethicol responsibilities in occordonce with these requirements. We believe that the audit evidence we hove obtained is sufficient ond oppropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 22
ACTION FOR KIDS CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACTION FOR KIDS CHARITABLE TRUST FOR THE YEAR ENDED 31ST MARCH 2025 Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Other information The Trustees are responsible for the other information. The other information comprises the information included in the annuol report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a moteriol misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Trustees. report (incorporating the Directors, report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Directors, report has been prepared in accordance with applicable legal requirements. 23
ACTION FOR KIDS CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACTION FOR KIDS CHARITABLE TRUST FOR THE YEAR ENDED 31ST MARCH 2025 Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we hove not identified materiol misstotements in the Directors, report. We have nothing to report in respect of the following motters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or the financiol statements are not in agreement with the accounting records and returns. or certain disclosures of Trustees, remuneration specified by law are not made; or we have not received all the information ond explonotions we require for our audit; or the Trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and toke advantage of the small companies, exemptions in preparing the Directors, report and from the requirement to prepore a strategic report. Responsibilities of Trustees As explained more fully in the Trustees, responsibilities statement. the Trustees (who are also the Directors of the charitable company for the purposes of company law) are responsible for the preparation of the financiol statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that ore free from materiol misstotement, whether due to fraud or error. In preparing the financial stotements, the Trustees ore responsible for assessing the charitable company's ability to continue os a going concern, disclosing, os opplicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtoin reasonable ossuronce about whether the financial statements as a whole are free from materiol misstotement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is o high level of assurance, 24
ACTION FOR KIDS CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACTION FOR KIDS CHARITABLE TRUST FOR THE YEAR ENDED 31ST MARCH 2025 but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these ore capoble of detecting irregularities, including fraud is detailed below: Obtaining an understanding of the legal and regulotory frameworks that the entity operates in, focusing on those lows and regulations that had o direct effect on the financial statements; Enquiry of management to identify ony instonces of known or suspected instances of fraud; Enquiry of management and those charged with governonce around octual and potential litigation and cloims; Enquiry of management about any instances of non-compliance with laws and regulations; Reviewing the control systems in place ond testing the effectiveness of the controls; Performing audit work over the risk of monogement override of controls, including testing of journal entries and other adjustments for oppropriateness; Evaluating the business rotionole of significant tronsactions outside the normal course of business; Reviewing accounting estimates for bias; Reviewing minutes of meetings of those charged with governance; Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Because of the inherent limitations of on oudit, there is a risk that we will not detect all irregularities, including those leading to a moterial misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentotion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: https:Ilwww.frc.org.uklOur-WorklAuditlAudit-and- assurancelStandards-and-guidancelStondords-ond-guidonce-for-auditors/Auditors- responsibilities-for-audiuDescription-of-ouditors-responsibilities-for-audit.aspx. This description forms part of our auditor's report. 25
ACTION FOR KIDS CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACTION FOR KIDS CHARITABLE TRUST FOR THE YEAR ENDED 31ST MARCH 2025 Use of this report This report is made solely to the charitable company's members, as o body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as o body, for our audit work, for this report, or for the opinions we have formed. Stuart McKay Bsc FCA DChA (Senior Statutory Auditor) For and behalf of MHA Statutory Auditor London, United Kingdom Date: 1111112025 MHA is the trading name of MHA Audit Seriices LLP, a limited liability partnership in England and Wales (registered number OC455542). 26