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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.
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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.
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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,
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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.
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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).
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