COMPANY REGISTRATION NUMBER: 03959694 CHARITY REGISTRATION NUMBER: 1080972 Kith & Kids Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 Jackson & Jacksoii A tradlng iiame of Jackson Nicliolas Assie Liniited Chartered Certified Accouiitaiits & Statiiloiy Auditors Suite 7, Meridian House 62 Station Road, Cliiiigford London E4 7BA
Kith & Kids Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Independent examiners report to the trustees 10 statement of financial activities (including income and expenditure accounl) 12 Statement of financial position 13 Statement of cash flows 14 Notes to Ihe financial statements 27
Kith & Kids Company Llmlted by Guarantee Tru5tees' Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The truslees, who are also the directors for the purposes of company law. present their report and the unaudtted financial statements of the charity for the year ended 31 March 2024. Reference and admini5tratlve details Registered charlty name Krth & Kids Charlty reglslratlon number 1080972 Company reglslratlon number 03959694 Prlncipal offlce and reglstered The Irish Centre offlce Pretoria Road London N17 8DX The Irustees Lynn8 Brook8 Victoria Chase Maurice Collins Jane Connor Peter Godffey David Grunberg Venessa Illich (Chair) Hazel Pyne Anne Tickell Christiaan van Eeden (Appoinled 4 November 2023) (Appointed 4 November 2023) (Retired 4 November 2023) (Appointed 4 November 2023) Chlef Executlve Offlcer Curfent.. Nicole Francis Previous.. Maryolein de Vries Interim CEO.. Robin Stone (Appointed 5 August 2024) (Deceased 6 August 2023) {Belween dates stated above) Indepandent examlner John Assie FCCA Suite 7, Meridian House 62 Slation Road Chingford London E4 7BA Bank8r8 Lloyds Bank PIC 1 Silver Street Enfield Middlesex EN13EE Jaekfoii Nicliolas Assie Liiiiiled c11.1e1.ed CerlifiedAccoiiiilaiil
Kith & Kids Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) (conllnuod) Year ended 31 March 2024 Ob ects of the Charlt rlncl al actlvltles and or anlsallon of our work & Strate icRe Kith & Kids is conslituled as a company limited by guarantee whose membership consists of people with disabililies, plus members of their families. The company and its predecessor (unincorporated) association have been working in Ihe disability field for 55 years. The Charity's object and ils principal activity is the relief of all forms of disabiltty. Primarily, our focus is on learning disability and autism, but many of those we support also have a physical or sensory d15ability, Kith & Kids began lrfe as a self-help group of families lrying to deal as individuals with the problems of coping with a wide variety of disabilities, who found that by working logether they could provide mutual support and make themselves heard. Kilh & Kids is proud of the fact that, although the scale and range of ils activities has increased far beyond what th8 founders of Kith & Kids had envisaged, ils membership still includes those same families, who are prominent in the work we do. The origins of Kith & Kids were in London and this remains where our operations are based and run. What we do is, to the best of our knowledge, unique in the level of support we provide to our membership and the degree to which we involve the membership in our projects and in the running of the Charity, During term time Kith & Kids runs weekend Clubs led by professional aclivily leaders (involving dance, drama, art, music. massage, sports and cooking) for late teens and young adults with disabilities, plus a newer Club for children aged 8 to 12. Each session is planned around the disabled member's individual needs, with volunteers supporting the members to join in. Friendships develop further by providing the opportunity for members and their volunteers to go oulside the confines of Clubs by arranging special outings around London, chosen by the members. Durtng school holidays, we run large and lively social development Projects (essentl8lly long8r forms of the Clubs, plus a Summer Camp if possible) running for one or two weeks. For18ens transitioning to adullhood we offer Employment & Life Skills activities (including experience working in one of our retail shops and conducting station collections), regular Healthy Living sessions (to improve physical or mental wellbeing), social activities, independence weekends away and the opportunity to join in with our football team, choir. yoga club or Sanjuro. We also offer dedicated support for families through our Kith & Kids Lifetime Adv¢xacy Support Pfojecl (trusted advocates who can act on behalf of disabled members and their families), plus specialisl respite weekends away for profoundly disabled members who live al home (lo allow Iheir parents a break, lo relax or focus on their other children). Kilh & Kids also provides activities for sibling5 of disabled members, ensuring we support the entire lamily. Kith & Kids has a governing board of nine trustees (many ol Ihem parenls of children who were or are disabled members), Chaired by volunteer Venessa Illich, who meet monthly as the Management Committee. Day-to-day management is in the hands of a full-time CEO. Kith & Kids, new CEO, Nicol8 Francis, joined on 5 August 2024. Our fomief CEO, Marjolein de Vries, sadly passed away unexpectedly on 6 August 2023. During the intervening period, our Interim CEO was longtime senior staff member Robin Stone. We would like to thank the truslees and those parents who have given their time voluntarily to provide pro-bono advice and services relating to essential legal. administfative. governance and financial matters, to ensure Kith & Kids conlinued to operale for the benefit of all members and their families. This was especially important following the death of our fomier CEO, when the Chair and trustees took over many of the tasks previously carried out by the CEO. Th8ir èfforts in going above and beyond the regular trustee role were crucial to getting Kith & Kids through a difficult year. and we are very grateful for their help and input. Jacksoii Nicliulas Assie Liinyled Clr1ered CerlifiedAccoiiJilaiils
Kith & Kids Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnu Year ended 31 March 2024 We are fortunate to have a staff team whose commitment to our members ensures Ihey will use all Ihelr creativily and flexibility to help our families overcome the extra challenges they are facing. At the same time. Ih8y will do whatever they can to support non-member families {and other organisations) when they approach us for information andlor support. Nine members of staff (six full time, three part-time) were employed on the work of the Charity. In addition, we hired occasional contractors for specific tasks, plus a rosler of paid. skilled WOTkshoppers to help run the range of activities on offer. The Chair and trustees would like to thank the leam for Iheir wonderful efforts throughout the year in keeping all activities running. A special thanks goes to Interim CEO Robin Stone, who stepped up at an important time for the Charity. All of these seNices, supported by a large group of volunteers. work to improve the quality of our members. lives, foster Iheir inclusion in the wider communily and promote a greater awareness of disability in society at large. Our highty-valued volunteers give their lime and energy lo make these activities possible and to create a fun and stimulaling atmosphere in which our members can thrive. We couldn't exist without them. Publlc Benefl We have referred to the guidanc8 contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning future activlties. D8velo men lvl san ac levements urln 2023-2024 Much of the 2023-2024 Financial Year {°FY°) has been a challenging one following the unexpected death of our long-term former CEO on 6 August 2023. This clearly had a huge impact on the Charity- emotionally. financially and organisational. As a small Chartty, Mariolein had held many roles, including thal of finance director, sole granls applicant and de-facto Treasurer. At the start of the new FY in April 2023, following previous yeats of recovery from the impact of Covid. Kith & Kids knew it had a steep hill to climb in obtaining new gfanls and fundraising during the coming FY. Mariolein's sudden death a few months laler meant this was made much more drfficult. The Chair, Management Committee and Interim CEO implemented plans for Ihe short-term (to ensure we improved our cashflow as quickly as possible and kept services opeialing>, medium-lerm (to ensure income kept coming in until we had a new CEO on board) and longer term (when a new CEO would oversee an updated grants and fundraising programme and we were in receipt of a bequest from Marjolein's estate (these Iwo events occurred in August 2024). As part of organisational changes implemented, various roles have been separated out to ensure no one person has such a concentration of skillslresponsibility that, in the event of Ihal person's loss. would impact the running of the Charily lo Ihe same extent. especially in relalion lo finances and fundraising. In addrtion to the above, a new cashflow forecast was developed. invoicing to parents and claims for Gift Aid were given a regular limetable. our Business Plan was updated. new grant applicalions were submitted and a Spring fundraising campaign launched (both of these in consultation with independent contractors). As a resuft, cashflow steadily smoothed out while seprfices conlinued for all members and their families. After such a challenging year and a lot of effort. we are very pleased to be able to report small sutplus al the 2023-2024 Fy-end. In Ihe months following, several new developments have occurred (outlined under the section °Events after the end of the reporting period.) that will directly benefit Kilh & Kids. Further challenges remain but Kith & Kids is committed to wotking through these during the 2024-2025 FY. Details regarding our services and finances follow below. Jacksoii Nicliolas Assie Liiiiiled clr1ered CerlifiedAccoiiiilaiils
Kith & Kids Company Limited by Guarantee Trustees, Annual Report {Incorporating the Director's Report) (conlliJu8d) Year ended 31 March 2024 1} Soclal Development Projects, Weekend Clubs and Resplt6 Successful Soclal Development Projects took place at Merryhills Primary School during the Spring, Summer and Christmas periods of 2023 and in Spring 2024. They are usually attended by 23-28 members, Our core group of workshoppers are always supportive along with others who offer great flexibility in joining us. Volunteer recruitment continues to be difficult, especially as we aim to have a 2.-1 falio of volunteers to members. Due to lower volunteer numbers, the Summer Camp 2023 (which has a 3..1 ralio, due to participants slaying overnight for an extended pertod) was changed to a special project for those who wefen'l attending the usual Summer Project, whereby members joined for one week each ralher than two. We are currently looking into whether we change the way we run the Summer Camp going forward, perhaps making it shorter and over the weekends rather than weekdays, lo allow more volunteers to take part. The Christmas Project, however. after many months of dedicated volunteer recruilment, managed enough volunteers to also hold oulings for members. The atmosphere at Projects is as it abways was members and volunteers (and staff) love the positive, supportive approach which Kith & Kids offers. The Chair and trustees would like to thank Projects Manager Liz Smith, ably assisted by Rob Walton and Tascha Franklin. for her huge amount of work in heading up the Projects and Clubs. Our main source of volunleeTS lor the pasl few years has been students from London universities (mostly UCL). Many of these volunteers are inlernalional students, usually only in the UK for a year or two and often nol in the UK over the summer. This means that there is quicker turnover of volunteers than we used to have, so less opportunily for volunteers lo build the experience needed to support our more challenging members. Brexit has seen a diop-off in the number of European volunteers, and the cosl-of-living crisi5 has meant many UK-based volunteers have chosen paid work over volunteering. The recruitment of volunteers is a priority lor the staff team, who are devising various slralegies to increase the numbeis. backgrounds and age groups we target. Part of this is increasing our social media presence and refurbishing our website lo make it more allraclive and user-Iri8ndly. Weekend Clubs lor adults continue to be well-atlended {approx. 15 members) and the Childrens, Club which started in January 2023 (funded by a National Lollery Community Fund grant) continues lo grow. 11 began with four children aged 8-12 and has steadity increased in size. The group increased lo 10 within the year, however family circumstances mean iwo children are absent for now, but we hope to increase numbers to 12 children (the initial aim). Future plans, if affordable, would also includ8 a Project for the younger children. This will allow a new generalion of families lo join Kith & Kids, taking the Charity into the future. Resplte weekends were successfully held several limes throughoul the year for four severely disabled members living at home, whose families appreciate the break. No amount of telephone support, occasional aclivities or Zoom sessions can make up for the clear 2-3 day break these families so desperately need. Thanks go to Rich Pickup for his efforts in running these so effectively. We are profoundly grateful to various tnjsls and foundalions for their crucial financial support for our Social Development Proj8Cts and Weekend Club activities. We also warmly thank all our other supporters, including Ihose who participated in the Big Give Christmas Challenge and the London Marathon, who have so generously contributed (in effort, time and funds) to ensuring the success of our social development projects and a¢livilies. Jacksoii Nicliolas Assie Liiiiiled Cliai'leyed CerlifiedAccoiiiilaiils
Kith & Kids Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (conllnued) Year ended 31 March 2024 2) Servlces for Transltlon Into Adulthood and beyond The Employment & Life Skllls group {ELSP) for older, more able members continued to run twice-weekly sessions in the Kith & Kids office. We receive regular enquiries from interested familieslsocial workers and explore with them how Ihe sessions might suit possible new members. Social evenings are usually held three times per term and continue to be well-altended. We usually have sufficient volunteers (on a 1=1 basis) allending each outing, made up of some long-tem volunteers and a number of newer ones, which keeps enthusiasm levels high for everybody. The Iwo groups (approx. 12-13 members in total), run by Rich Pickup and Becky Pickup-Green, have r8alised the benefits of budgeting for special outings and residential weekends away. They continue to raise cash for these at train-station collections. including a fecord-breaking session at Highbury & Islinglon in December raising more than £2,000. The combined group voted unanimously to cancel one planned residenlial in order to enjoy double the kitty size at the next one, where they went furlher afield to Edinburgh. Prior to residenlials they undergo sessions on meal planning, supermarket shopping, bag packing, plus plotting the sightseeing activities they'll do while away. This puts into practice all the sessions they run on a theoretical basis in the office. Co-ordinators have also noticed a strong wish by members lo discuss matters such as fostering friendships and sexual relationships. Members are required to attend a minimum number of sessions, as well as Iwo train-stalion collections, to be eligible for resldentials. This ensures they actively Join In. Within our piogramme of regular Healthy Llvlng Actlvltles, the football team has enthusiastically continued to play tournaments against teams such as BlackRock and Natwest. The Kith & Kids team continues to expand (approximately 26 players). plus has a strong pool of volunteers and an extremely committed and enthusiastic volunteer coach. Cooking sessions have been extremely popular wilh the ELSP groups and volunteers. Kilh & Kids Cholr, under the direction of thg 'Three Ts. {Ta8cha, Tania and Tony), has been going well and they held a wonderful joint concert with the Bowes Park Community Choir in March 2024 (with a furlher joint concert with the Mel Police Choir in May). The choir comprises a good mix of members, parents, friends and volunteers. They have missed former CEO (and driving force behind the choir) Marjolein's enthusiasm and humour during the sessions but are delermined lo continue singing together and entertaining others (and Ihemselves). They participated in carol singing at station collections in December 2023 and perfomied their annual Christmas concert at law fim Penningtons Manches Cooper. 3) Famlly Support l Klth & Klds Llfe-time Advocacy Support Project (KLASP The KLASP project caters for 32 families with disabled adult childien who receive specialist support from two Kith & Kids staff members. We also have members whose disabled children have sadly passed away but who remain active helpers. The most frequent cOnrn$ raised by our slaff members and KLASP parents still relate to a lack of stimulating activities for (too many) residents of care homes and poor communication belween residential providers and parents of leafning-disabled adults. The project is now fully funded, partly through the financial supporl of its member families, but mainly due to the income from two very successful KLASP charity shops in Enfield (which were consolidated into one shop in the early autumn of 2023- details contained in the paragraph below). KLASP would like to warmly thank staff members Sarah Samuel and Gulay Uludag for their genuine care, concern and dedication to members. Jacksoii Nicliolas Assie Liniiled Cliarlei'edCerlifiedAccoiiiilaiils
Kith & Kids Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) (conllnu•d) Year ended 31 March 2024 4) Soclal Enterprise development The ELSware shop in Chingford provide5 ELSP members wrlh work experience, supported by volunteers. The m8mb8rs have gradually grown in confidence to move from carrying out tasks in the rear of the shop, to cuslomer-facing roles in the front of the shop. We are working lo make the shop stand out and embed il further in the local community. The shop took on a new manager in June 2024, who has focused on recruiting more local volunteers and atlracting more donations. The KLASP shops in Enfield that provid8 most of the funding for KL4SP continued lo operate well in th8 first part of the FY, but it became necessary for us to combine the two shops into one due to Ihe development plans of the new owner of 61 Church Street (which would have severely reduced our Wofklshop space). The combin8d. larger. new. flagship shop al No 43 opened in the early autumn of 2023 and has been doing extremely well (above expectations) and has now allowed th8 project to become fully funded. Further lo this. the landlord of one ol the previous two shops (No 50) offered to 811ow KLASP to remain as a tenant at a heavily-reduced rent for six months as he had a very good wothing relationship wilh KLASP parent and Kith & Kids trustee Peter Godfrey, who oversaw the entire complicated process described above. During the 2023-2024 FY the spare shop was used for online purchases and storage and has now been convetled into a new Kith & Kids shop. Peter also developed a new enterprise for house clearances and lo support people with the process of legacylinherilance of property. KLASP is hugely grateful lo Peter for all his many efforts. who in turn has big praise for his team of Steven Inwood. Graham Badcock and newcomer Liam Gilligan. The fulure.. Kith & Kids intends to develop the three shops above as part of a new, dedicated, business arm of the Cherily. 61 Flnance and Fundralslng overvlew Following the death of our fomier CEO in August 2023 {please see the brief outline under the section 'Developments, aclivilies and achievements during 2023-2024.). our usual incom8 stream5 were greally impacted and Kith & Kids entered a state of transition as an organisalion. As a small Charity, Marjolein had held many roles, including that ol finance director, sole grants applicant and de-facto Treasurer (these roles have since been separated out, as one of many changes we have implemented this past year). Our normal range of fundraising activilies includes grants fundraising, corporate support, match-funding campaigns, eliciling individual donations, sponsored events, community fundraising (including cttoir carolling at stations). charity shops and station collections. The Chair, Managemenl Committee and Interim CEO Robin Stone worked together with lh8 slaff learn, volunteers and parents to continue bringing in funds by the various means above. In addition we consulted with a contract grants writer with whom Marjolein had liaised over the years, in order to submit new grant applications. alongside garnering the advice and research of an in-house group of parents skilled in fundraising (nicknamed the °Dosh Squad.). Several business contacts of trustees, plus a few parents and volunteers, also gave generous 'pledge kitly. donations. °D's Day", in memory of one of the founders of Kilh & Kids (Doreen Collins), also donated proceeds from a picnic day in a North London park. Our regular choir concert at Penningtons Manches Cooper lawfirm contributed funds. During 2023-2024 we received grants from the National Loltery Community Fund, The Pears Foundation, BlackRock, Big Give Challenge. BenevEly, The Gatsby Charitable Foundation, FourAacre Twsl, Scream, Kickstart, Ihe Harrison Frank Foundation and The Bailey Thomas Fund. all of which we greally appreciated. jack.soii Nicltolus Assie Limiled Cliarlei'ed Cerlified Accotijilaiils
Kith & Kids Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {contlnued) Year ended 31 March 2024 station collections have been successful throughout the year. raising between £1.000 to £2,000 each time. Thes8 have been boosted by the use of card readers. which now make up more than half of donations Unfortunately. due lo a computer software problem experienced by our external accountants, we discovered we had LFnd8rpaid HMRC tax for the previous year and owed £10.000 (reduced to £6,000) whlch is being repaid in inslalments. At the end of Ihe 2023-2024 FY, we were very pleased to be able to report surplus of £60,927 (2023.. £7,296 deficit) testament to everyone pulling together and getting Kith & Kids through a tricky period. The total reserves of the charity at the end of the reporting period were £266,205 (2022: £205,278>, of which £178,937 (2023.. £172,929) were unrestricted and £87.268 (2023.. £32,349) were restricted. 6. Reserves Pollcy The Charity aims to hold financial reserves of three months, operaling costs in reseDie, due to it having no income from inveslmentslendowments and being largely dependent for income on grants, donations and sponsored events (which are subject to fluctuation). At the end of the 2022-2023 FY, our reserves were depleled due to the longer time it had taken for income slreams to return to relative normality afler Covid. In the following 2023-2024 FY, events described above have enabled us lo maintain our unrestricted reserves al a level that meets our reserves policy. Our new CEO will be reviewing and revising our reserves policy for the 2024-2025 FY. Events after the end of the re ortln erlod Several important developmenls have taken place since the end of the 2023-2024 FY which are of direct benefit to Kith & Kids: Recruitment ofnow CEO Kith & Kids went out to marf(el in early March 2024 in order to recwit its new CEO. After a thorough recruitment process co-ordinated by the Chair. Nicole Francis accepted our offer in early May and began work on 5 August 2024. We're very pleased to have Nicole on board and look fotward to supporting her as she leads Kith & Kids into the next part of our history. External book-keeper TrGniiled, new accounling system inlroduced In consullalion with Interim CEO Robin Stone and experienced accountant and Kith & Kids trustee David Grunberg, an overhaul of our accounls-keeping system was undertaken al the end of the 2023-2024 FY and an exiernal book-keeper appointed in April 2024 to prepare our financial records going forward. We give a huge thanks to David for taking on this complicaled lask, as well as helping lo prepare our 2023-2024 FY accounts for handing over to the external accountants for financial examination. New granls writer and applicalions In consultation wilh Robin Ston& and Kith & Kids tNstee Jane Connor. a new contract grants writer has been preparing and submitling new applications since Ihe Spring of 2024. New CEO Nicole Francis has continued with the expansion of Ihis grants programme (including the intention to develop new income streams and forge new relationships with funders) since her ariival in August 2024. Rise & Shiiie campaign In consultation with Robin Stone and Jane Connor, a contractor prepared and launched an email fundraising campaign in Aptil 2024 that aims to raise £55,000 for our 55th anniversary year. This will form part of the new fundraisinglgrants programme undertaken. Jacksoip Nicliolas Assie Liiniled Charlei'ed CerlifiedAccoiipila)Ils
Kith & Kids Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (eonllnuèd) Year ended 31 March 2024 Receipt of bequesl In)m late CEO Our late CEO Marjolein de Vries generously left Kith & Kid5 a bequest in her will (the proceeds of her flat in Harlow, Essex). These funds were received in August 2024 after the sale of the property. Kith & Kids is incredibly grateful to Marjolein and her family for this incredibly kind gesture. These funds will provide a financial buffer while our fundraising and grants programme is developed. implemented and expanded. The future ahead Imiile the 2023-2024 was a tough year. by Working together (with Interim CEO Robin Stone, the staff team, parents and volunteers), the Chair and trustees feel proud to have come through to Ihe olher side and know we will benefil from the organisational. financial, accounting. staffing and procedural changes we have implemented. In our 55th year. with our new CEO at th8 helm, we look fOard to Kith & Kids, nexl chapterl Trustees, res onslbilitles statem In preparing these financial slatemenls.. (a) Ihe directors are responsible for preparing Ihe Annual Report and the financial statements In accordance wilh applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. (b) company law requires the directors must not approve the financial statements unless they are satisfied Ihat they give a Irue and fair view of the state of affairs of the Charity and of th8 surplus or deficit profit or loss ol Ihe Charily lor that period; (c} in preparing the financial statements the difeclors are required to: (l) select suitable accounting policies and then apply Ihem consistently; (ill make judgements and accounting eslimales that are feasonable and prudent. (iii) Stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial slatements,. and (iv) prepare the financial slalements on the going concern basis unless it is inappropriate to presum8 that the Charity will continue in business. (d) the directOTS are responsible for keeping adequate accounling records that are suffici8nt to show and explain Ihe company's transactions and disclose with reasonable accuracy at any time the finanoial position of the Charity and that enable them to ensure that the financial statements comply with the Companies Act,. (e) the directors are responsible for saleguarding the assels of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularilies., and (fj where appropriate, the directors are responsible for the maintenance and integrity of the corporate and financial informalion included on the Charity's website. In the case of CA 06 Co.-s418(2) each of the persons who are directors at the lime when the report is approved, the following applies.. (a) so far as each director is aware, there is no relevant information (infomialion needèd by th8 company's accountants in connection with preparing Iheir report) of which Ihe company's accountanls are unaware,. and (b) each director has taken all Ihe steps Ihat slhe ought to have taken as a director in order to make himlherself aware of any relevant informalion and to establish that the company's accounlants are aware of that information. Jacksoii Nicliolas A.ssie Liniiled Cliai'lei'ed Cerlified Accoiuilaiils
Kith & Kids Company Limited by Guarantee Trustaes. Annual Report (Incorporating the Dlrector's Report) (tonllntsed) Year ended 31 March 2024 Small company provlslons This report has been prepared in accordance with the provisions applicable to companies enlitled to the small compantes exemption. The Irustees, annual report was approved via email on 23 September 2024 and signed on b8half of Ihe board of trustees by.. Ven8ssa11 Chair, Managemenl Commillee Kith & Kids {Trustee> Jacksopi Nicliolas Assie Liniiled Cliarlei'ed CerlifiedAccoiii1l1lS
Kith & Kids Company Limited by Guarantee Independent Examiner's Report to the Trustees of Kith & Kids Year ended 31 March 2024 I report to the trustees on my examination of the financial statements of Kilh & Kids ('the charity,) for Ihe year ended 31 March 2024. Responsibllltles and basls of report As the truslees of the company (and also its direclors for Ihe purposes of company law) you are responsible for the preparation of the financial statements in accordance wilh the requirements of lh8 Compani8s Act 2006 {'the 2006 Act.). Having satisfied myself that the accounts of the company are not required to be audited under Part 18 of the 2006 Act and are eligible for independenl examination, I report in re5pecl of my examination of the charity's accounts as carried oul under section 145 of the Charities Acl 2011 ('Ih8 2011 Acl'>. In carrying out my examination I have followed the Direction5 given by the Charily Commission under section 145(51{b) of the 2011 Acl. Independent examlner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member ol the Association of Chartered Certified Accountants (ACCA), which is one of the listed bodies. I have completed my examination. I confirm Ihal no mallers have come to my altenlion in connection with the examination giving me cause to believe.. accounling records were nol kept in respect of Ihe charity as required by section 386 of Ihe 2006 Acl., or the financial statements do not accord with those records., or the financial statements do nol comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'tru& and fairt view which is not a matter considered as parl of an independent examination: or the financial statements have not been prepared in accordance wilh the melhods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102). Jacksoii Nicliola.s A.fsie Liipiiled CJiaJ"leredCerlifiedAccoiiiiiaiils 10
Kith & Kids Company Limited by Guarantee Independent Examlner's Report to the Trustees of Kith & Kids (conflnued) Year ended 31 March 2024 I have no concerns and have come across no olher matters in connection with the examinalion to which attention should b8 drawn in thts report in order to enable a proper understanding of the accounts to be reached. Johii Assie FCCA liiilepeiident Exainiiier Jackson Nicholas Assie Limited Cliai'tered Certifie(l Accouiitaiits Suite 7, Meridian House 62 Stalioii Road Chingford Londoii E4 7BA 9 October 2024 Jacksoii Nicliolas Assie Liiiiiled Cltarlei'ed Cei'lifiedAccouiilaiils
Kith & Kids Company Llmited by Guarantee Statement of Financial Actlvlties (Including income and expendlture account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unreslricted funds Note Income Donations, Grants and legacies Charitable activities Other activities Investment income 271.273 110,981 192,885 31,081 382,254 192,885 37,452 3,982 319,717 180,581 35,365 193 6.371 3,982 Total Income 281.626 334.947 616,573 535,856 Expendlture Expenditure on raising funds.. Costs of olher Irading activities Expenditure on charitable activities Total expandlture (15.887) (15.887) (20,174) (32,413) (507,346) (539,759) (522,978> (48,300) {507,346) (555,646) (543,152) 10,11 Net Incomel(exp8ndlture) 233,326 {172,399) 60,927 (7,298) Transfers between funds (227.318) 227,318 Net movement In funds 6,008 54.919 60,927 (7,296) Reconclllatlon of funds Total funds brought forward Total funds cafrled forward 172,929 32,349 87,268 205.278 212,574 178,937 266,205 205,278 The statement of financial actvrfities includes all gains and losses recognised in the year, All income and expenditure derive from continuing activities. Tlie notes on pages IS to 27 forin part of these finaiicial statement5. Jacksopi Nicliolas Assie Liniiled Cliai'lered CerlifiedAecoiiiilaiils 12
Kith & Kids Company Limited by Guarantee Statement of Flnancial Posltlon 31 March 2024 2024 2023 Noto Flxed assois Tangible lixed assets 18 41,545 1,923 Current assets stocks Debtors Cash at bank and in hand 19 20 18,150 96,213 143,679 258,042 18,900 107,778 102,948 229.626 Credltors: amounts falllng due wSthln one year Net current assets 21 133,382) (26,271) 203,355 205,278 224,660 Total assèts less current Ilabllltles 266,205 Net assets 266,206 205,278 Funds of the charlty Restricted funds Unreslricled funds 87,268 178,937 266,205 32,349 172,929 Tolal charity funds 23 205,278 For the year ending 31 March 2024 Ihe charily was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. Th8 members have not required the company to obtain an audit of its financial statements for the year in question in accordance wilh seclion 476; The directors acknowledge Iheir responsibilities for complying with the requirements of the Acl with respect to accounting records and the preparation of financial statements. These Financial statements have been prepared in accordan with the provisions applicable to companies subject to the small companies, regime. These Financial statements were approved by the board of Irustees and authorised for issue on 8 October 2024. and are signed on behalf of th6 board by: Venes Chair (Trustee) Illich Company Registration Number.. 03959694 The notes on pages 15 to 27 form part of these financial stateniellts. Jacksoii Nicliolas Assie Liiiiiled Cliai'lered CerlifiedAccoiiiilaiils 13
Kith & Kids Company Limlted by Guarantee statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operatlng actlvllles Net incomel(expendilure) 60,927 {7,296) Adjiislmenls lor.. Depreciation of tangible fixed assets Other interest receivable and similar income Interest payable and similar charges Accrued expensesl(income) 2,483 (3,982) 961 (193) 229 {11,441) 32,423 Chai?ges in.. Stocks Trade and other debtors Trade and other creditors 750 (15,974) 2,227 (18,900) (22,185) 2,766 Cash generated from operations 78,854 {56,0591 Interest paid Interest received (229) 193 3.982 82.838 Net cash froml(used in) operating activities (56,095) Cash flows from Investlng activltles Purchase of tangible assels Net cash used in investing activities 142,106) (42,106) {2,884) (2.884) Net Increaselldecrease) In cash and cash equlvalents Cash and cash equlvalents at beglnnlng of year Cash and cash equlvalents at end of year 40,731 102,948 143,679 (58,979) 161,927 102,948 Jacksoii Nicliolas Assie Liinilecl Cliarlered Cei'tifiedAccoiiiilaiils 14
Kith & Kids Company Llmited by Guarantee Notes to the Flnanclal Statements Year ended 31 March 2024 General Informatlon The charrty is a public benefit entity and a private company limited by guarante8, regislered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Irish Cenlre, Pretoria Road, London, N17 8DX. Statement of compllance The linancial statements have been prepared in accordance wilh the Statement of Recommended Practice: Accounting and Reporting by Charilies preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019. A¢counllng pollcles 8a8ls of preparatlon The Financial statements have been prepared on the historical cosl basis. The Financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no malerial uncertainties aboul the charity's ability to continue. Judgements and key sources of estimation uncérlalnty The prep8r8lion of the financial statements requires management to make judgements, estimates and assumptions that affect Ihe amounts reported. These estimates and judgements are conllnually r8Vi6wed and are based on experience and other factors, including expectations of future events thal are believed lo be reasonable under the circumstances. Significant judgements There have been no judgements (apart from those involving estimations) that management has made in the process of applying the enlity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements. Accounling estimates and assumptions are made concerning the fulure and. by their nature, will rarely equal the related actual outcome. There are no other key assumplions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment lo the carrying amounts of assets and liabilities. Fund accountlng Unrestricted funds are available for use at the discretion of the Irustees to further any of the charity's purposes. Designated funds are unrestricted funds earnrked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or Ihrough the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Jacksoii Nicliolas Assie Liipiiled Cl•.1.ed CerlifiedAccoiiiilaiils 15
Kith & Kids Company Limited by Guarantee Notes to the Flnancial Statements (conllnuedj Year ended 31 March 2024 Accounting pollcles (eonllnugdj Incomlng resources All incoming resources are included in the statement ol financial aclivilies when entitlement has passed to the charily. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policles are applied to particular categories of income.. income from donations or grants 1$ recognised when there is evidence of entitlement to the gifl, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entillemenl is established. Income from donated goods is measured at the fair value of Ihe goods unless this 18 impraclical lo measure reliably, in which case the value is derived from Ihe cost to th8 donor or the estimated resale value. Donaled facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of gen8ral volunteers. income from conlracts for the supply of services is recognised with the delivery of the conlracled seNice. This is classtfied as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and relurned if unspent, in which case il may be regarded as restricted. Resources expended Expenditure is recognised on an accwals basis as a liability is incurred. Expenditure include8 any VAT which cannot be fully recovered. and is classified under heading5 of the statement of financial activities to which il relales: expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading aclivilies, and the sale of donated goods. expenditure on charitabl8 activities includes all costs incurred by a chartly in undertaking aclivilies that further ils charitable aims for the benefit of its beneficiaries, including those support cosls and costs relating to the governance of the charity apportioned to charitable aclivilies. other expendilure includes all expenditure that is neilher related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure cat8gories reflecting Ihe use of the resource. Direct costs altribulable to a single aclivily are allocaled direclly to that activity. Shared costs are apportioned between Ihe activities Ihey conlribute lo on a reasonable, justifiable and consislenl basis. Tanglble assets Fixed assets (excluding inveslments) are staled at cost less accumulated depreciation. The costs of minor additions or those cosling below £2,500 are not capilalised. JcKksoii Nicliolas As.sie Liniiled Cliarlei'ed Cer¢ifie<lAccoiiiiluiiis
Kith & Kids Company Llmlted by Guarantee Notes to the Financlal Statements (conlinuedj Year ended 31 March 2024 Accountlng pollcles (¢onllnuedJ Depreclatlon Depreciation is calculated so as to write off the cost or valualion of an asset, less ils residual value, over the useful economic life of that asset as follows: Leasehold Property Fixtures, Fiitings and Equipment Molor Vehicle Mobile Sensory Room 10 years over the life of the lease Slraight line basis over 3 years Reducing balance over 4 years Slraighl line basis over 3 years Impalrmenl of flxed assets A review for indicators of impairment is carried oul al each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amounl, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when il is not possible to estimate th& recoverable amount of an individual asset, an estimate is made of Ihe recoverable amount of the cash-generaling unit to which the asset belongs. The CashaneratIng unit is the srnallest identifiable group of assets Ihal includes the assel and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. Stocks Stocks are measured al the lower of cost and eslimated selling pricé168S COSt8 to complete and sell. Cost includes all costs of purchase. costs of conversion and other costs incurred in bringing the stock to its present location and condition. Oparatlng lease agreements Rentals applicable to operating leases where substantially all of the benefils and risks of ownership remain with Ihe lessor are charged againsl profits on a straighl-line basis over the period of Ihe lease. Flnanclal Inslruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial inslruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideralion expected lo be paid or received and not discounled. Debt instruments are subsequently rneasud at amortised cost. Jacksoii Nicliolas Assie Liitliled Cliai'lered Cei'lifiedAccoiiiilanls 17
Kith & Kids Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2024 Accountlng policies {contlnuedJ Deflned contrlbutlon plans Contributions to defined conlribulion plans are recognised as an expense in the period in which the related service is provided. Prepaid contfibulions ar8 recognised as an asset to the extent Ihal lh8 prepayment will ad to a reduction in future paym8nls or a cash refund. IWen conlributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the felated service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an 8xpense in the period in which it arises. Llmlted by guarantee Kith & Kids is a company limited by guaranlee and accordingly d085 not have a share capital. Every member of the company undertakes lo contribute such 8mount as may be required not exceeding £1 to Ihe assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be 8 member. ,Jacksopi Nicliolas Assie Limiled Cliap'lei'ed Cei-lifiedAccoiiiilaiils
Kith & Kids Company Limited by Guarantee Notes to the Flnancial Statements (contlnuèdj Year ended 31 March 2024 Donallons, grants and legacies Unrestricted Funds Restficted Total Funds Funds 2024 Donatlons Voluntary conlribulions from parents General donations and grants for Ihe KLASP project General donations and grants for the KLASP Two project Other donations 37,949 74.384 4,180 15.312 42.129 89,696 530 118.410 3,175 2,962 3,705 121,372 Grants Pears Foundation National Lottery Community Fund 40,000 40,000 85,352 382,254 85,352 110,981 271.273 Unrestricted Funds Rèstricted Total Funds Funds 2023 Donallons Voluntary contributions from parents General donations and grants for Ihe KLASP project General donations and grants for the KLASP Two project Other donations 47,913 47.913 23,322 23,322 125 88,961 14,038 22,031 14,163 110,992 Grants Pears Foundation The Galsby Charilable Foundation Four Acre Trust National Lottery Communily Fund Scream BlackRock Kickslart grant The Bailey Thomas Fund 10,000 10,000 22.021 41,635 15,000 15,513 4,158 15,000 22,021 41,635 15,000 15,513 4.158 15,000 172,718 146,999 319,717 Jacksoii Nicliolas Assie Limiled Cliartered CerlifiedAccoiiiilaiils 19
Kith & Kids Company Limited by Guarantee Notes to the Financial Statements (tontlnu9d) Year ended 31 March 2024 Charltable actlvltles Restflcted Total Funds Funds 2024 Restricted Total Funds Funds 2023 KLASP shop Project fees from Local Authority ELSP Shop 152,029 152,029 122,143 12,425 46,013 180,581 122.143 12,425 46,013 40,856 40,856 192.885 192,885 180,581 Other actlvltles Unrestricted Funds Restricted Total Funds Funds 2024 London Marathon Appeals and donation Other events Qlher Income- supplier refunds- hoodie and book sales 4252 4,252 30,501 717 30,501 351 366 1,753 229 1,982 37,452 6.371 31,081 Unreslricled Funds Reslricled Total Fund8 Funds 2023 London Marathon Appeals and donation Other events Other Income- supplier refunds-hoodie and book sales 4,707 4,707 29,027 410 29,027 410 1,221 6,338 1,221 29,027 35,365 Inv8Stmenl Income Unieslricled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable other interest receivable 655 3,327 655 3,327 193 193 3,982 3.982 193 193 Costs of other tradlng actlvilles Unrestricted Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Fundraising and publicily 15,887 15,887 20.174 20,174 Jacksopi Nicliolas A.ssie Limiled Clkv'lered Cei'liJiedAccoiipilaFIIs 20
Kith & Kids Company Limited by Guarantee Notes to the Flnancial Statements (contlnuedj Year ended 31 March 2024 10. Expendlture on charltable actlv5tles by fund type Unrestricted Funds Reslricted Total Funds Funds 2024 Projecls and Aclivities Advocacy, Family Support & Outreach KLASP Support costs 9,728 256,039 17,317 233.990 265,767 17,317 233,944 22.731 539,769 {46) 22,731 32.413 507,346 Unrestricted Funds Restricted Total Funds Funds 2023 Projects and Aclivilies Advocacy, Family Support & Outreach KLASP Support costs 309 224,079 17,875 263,021 224,388 17,875 263,021 17.694 522,978 17.694 18.003 504,975 11. Expendlture on charltable actlvltles by actlvlly type Activities urKlertaken directly Support costs Total fund8 2024 Total fund 2023 Projects and Activities Advocacy, Family Support & Outreach KLASP Governance costs 265,767 17,317 233,944 9,676 2.417 276,443 19,734 233,944 10,638 539,759 232,821 19,938 263,067 7,152 522,978 10,638 22.731 517.028 12. Analys18 of support cosls (excludlng governance costs Advocacy. Family Support & Outreach Total 2024 Tolal 2023 Projects and Aclivities Slaff costs Communication5 and IT General office Finance costs Insurance Other 2.667 1,096 2,268 1,480 1,911 253 665 274 567 370 478 64 3,332 1,370 2,835 1,850 2,389 317 4,184 1,647 3,260 244 975 232 9,675 2.418 12.093 10,542 rhe basis of support cost allocation to activiltes is by using slaff lime and usage Jacksoii Nicliolas Assie Limiled Cliarlei'ed CerlifiedAccoiiiilaiils 21
Kith & Kids Company Limited by Guarantee Notes to the Financlal Statements {contlnuedJ Year ended 31 March 2024 13. Net Incomellexpendlture) Net incomel(expenditure) is stated after chargingl{credittng)', 2024 2023 Depreciation of tangible fixed assets Operating lease renlals 2,483 62,144 961 80,165 14, Independent examlnatlon fees 2024 2023 Fees payable to the independent examiner for. Independent examination of the financial stalements Fees for non-independenl examination services (accounts prep.} 2,360 4,792 2.360 4,792 7,152 7,152 16. Staff costs The total slaff costs and employee benefils for the reporting period afe analysed as folbws.. 2024 2023 Wages and salaries Social security cos18 Employer contributions to pension plans 287,908 23,091 7,187 318,186 294,087 30,143 9,788 334,018 The average head count of employees during the year was 10 (2023.. 11). Th8 average number of full-time equivalent employees during the year is analysed as follows.. 2024 No. 2023 No. Fundraising and publieily Management and projects 10 10 No employee received employee benefits of more than £60.000 during the year {2023: Nil). Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, direcling and controlling the aclivtlies of the charity. The total compensation paid lo key management personnel for services provided to the charily was £51.942 (2023.. £54,772). Jacksoii Nicliolas Assie Littiiled Cliarlei'ed CerlifiedAccoiiiiluiils 22
Kith & Kids Company Limited by Guarantee Notes to the Flnancial Statements (conilnued) Year ended 31 March 2024 16. Trustee remuneratlon and expenses no remuneration or olher benefits from employment with the charity or a related enlily were received by the truslees during the year (2023.. Nil): or no trustees or other person related to the charity has any personal interest in any contract or tfansaction entered into by the charity during the year (2023: Nil). no trustee expenses have been incurred 17. Transfers between funds Transfers were made from Unfeslricted Funds to Projects and Activities of £91,837, to Adv(cY, Family Support and Oulreach of £17,317 and KLASP of £118,164 to cover overspends. 18. Tanglble flxed assets Mobile Sensory Rc>om Land and buildings Motor vehicles Equipment Total Cosl Al 1 April 2023 Additions 23,653 52,619 76,272 42,106 118,377 18.941 22.199 At 31 March 2024 18,941 23,653 22.199 53.584 Depreclatlon At 1 April 2023 Charge for the year At 31 March 2024 23,653 50.696 927 74,349 2,483 631 925 631 23,653 925 51,623 76,832 Carrylng amount At 31 March 2024 18,310 21.274 1,961 41,645 At 31 March 2023 1,923 1,923 19. Stocks 2024 2023 Finished goods and goods for resale 18,150 18,900 20. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 3.655 76.191 16,367 96,213 8,785 91,724 7,269 107,778 Jacknoii Nicliolas Assie Limiled Cliarlered CerlifiedAccoiiiilaiUs 23
Kith & Kids Company Llmlted by Guarantee Notes to the Financlal Statements (coniinued) Year ended 31 March 2024 21. Credltors: amounts falling due wlthln one year 2024 2023 Trade creditors Accruals and defeffed income Social security and other taxes Other creditors Pension liability 576 16,038 8,471 1,186 20,922 12,460 33.382 26,271 There were no other pension liabilities due at Ihe end of the financial year apart ffom those disclosed in olher creditors {2023.' £1.186). 22. Pensions and other po8t-rellrement beneflts Deflned contrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £7,187 (2023- £9.788). 23. Analysls of charltable funds Unrestrlcted fund8 At 1 April 2023 At Transfers 31 March 2024 Income Expenditure General funds 172.929 281.626 (48,300) (227,318) 178,937 At 1 April 2022 At Transfers 31 March 2023 Income Expenditure General funds 80,865 153,530 (38,177) (23,289) 172,929 .Jacksoii Nieliolas Assie Lilniled Cliarlei'ed CerlifiedAccoiiiilapils 24
Kith & Kids Company Limited by Guarantee Notes to the Financial Ststements (contlnuedj Year ended 31 March 2024 23. Analysls of charltable funds (Conllnued) Reslrlcted funds At 1 April 2023 At Transfers 31 March 2024 Income Expenditure Projects and Activities Advocacy. Family Support and Outreach KLASP 164,201 (256.038) 91,837 {17,317) (233,991) (507,346) 17,317 118.164 227,318 32,349 32,349 170.746 334,947 87,268 87,268 At 1 April 2022 At Transfers 31 March 2023 Income Expenditure Projects and Aclivities Advocacy, Family Support and Outreach KLASP 218,665 (224,079) 5,414 (17.875) (263,021) (504.975) 17.875 131,709 163.661 32,349 32,349 131.709 382,326 23,289 Jacksoii Nicliolas Assie Liniiled Cliai'lep'ed Cei'lifiedAccoiiiilwils 25
Kith & Kids Company Llmlted by Guarantee Notes to the Financial Statements (conlhJu•dJ Year ended 31 March 2024 23. Analysls of charltable funds {conllnued) Purposes of Restrlcted Income Funds Reslricled funds consist of the following projects and aclivrties: . Pro'ects and Aclivities Th8se are our projects and aclivilies for members with disabilities focusing on personal development, social inclusion and access to leisure and cullural activities. These include our 2.1 Social Development Projects, Weekend Clubs, Friendship Scheme and the Employability and Life Skills Project. Advocac Famil Su ort & Outreach These include our Se5f-Advoca¢y Project for more able members who have autism andlor a learning disabilrty, Citizen Advocacy for those with profound disabilities. Crisis Advocacy for those in immediate and urgent need of support. It also includes an information and support service lo enable parents and sibling carers to help each other and themselves with regard to Ihe care of and service provision for their disabled childlsibling. As an 8Xtension to the work we do wilh our member families, the Charity works lo spread the experience, knowledge and techniques lo a wider public. We do this by training events, seminars and promoting ongoing nelworks such as the Learning Disabilrty Forum. KLASP The object ol this distinct aclivily is to enable Kith & Kids to rnainlain support for our disabled members whose parentslcarers have died or are incapacitated and no longer able lo support their disabled sonsldaughlers themselves. KLASP provides a regular independent visitor service and recourse lo advocacy support where needed. 24. Analysls of net assets b6twe8n funds Unreslricted Funds Restricted Tolal Funds Fund8 2024 Tangible fixed assets Current assets Credilors less than 1 year Net assets 41,545 45,723 41,545 258,042 (33,382) 266,205 212,319 (33,382) 178.937 87.268 UnTestricled Funds Reslricled Total Funds Funds 2023 Tangible fixed assets Current assels Creditors less than 1 year Net assets 1,923 30.426 1,923 229,626 <26,271) 205,278 199,200 (26,271) 172.929 32,349 Jack.soii Nicliolas Assie Liiiiiled Charlered CerlifiedAccoiipilciiils 26
Kith & Kids Company Limited by Guarantee Notes to the Financial Statements (conllnue(O Year ended 31 March 2024 25. Analysis of changes In net debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash at bank and In hand 102.948 40,731 143,679 26. Operatlng lease commitments The total future minimum lease payments under non-cancellable operating leases are as follows.. 2024 2023 Not later Ihan 1 year Later than 1 year and not laler than 5 years 75.736 166,090 241,826 23,209 24,744 47,953 27, Post balanca shèét events The truslees have considered the likelihood of any significant P05t balance sheet events and have concluded Ihat there are none which impact the financial stalements. 28. Donated servlces Donated services were provided by trustees in relation to legal & professional and bookkeeping services. The total amount donated was £2,500 and £1.700 respectively. There were no condllions attached to the seNices provided. 29. Related partles During the year trustees made donations to the charity totalling £3.645 (2023.. £2.820). Also, Doreen Collins Charitable Trust with whom Maurice Collins a Irustee, donated £2,500 from an annual event. This event is hekl at Coram's Fields. Kith and Kids organised Ihis event on Maurice Collins. request. Apart from the above there were no olher relaled party transactions during the yeaf. Jacksoii Nicliolas Assie Liiniled Cliarlered Cei'lifiedAccoiiiilaiils 27