**Charity registration number: 1080972 Company registration number: 03959694**
## **Kith & Kids**
## **Company Limited by Guarantee Unaudited Financial Statements**
## **31 March 2025**
**JT AccountS Limited t/a JT AccountS ®**
**9 Woodgrange Avenue**
**Enfield**
**EN1 1EW**
**Kith & Kids Company Limited by Guarantee Financial Statements Year ended 31 March 2025**
||**Page**|
|---|---|
|Charity Information|**3**|
|Trustees Annual Report (incorporating the director's report)|**4-8**|
|Independent Examiners Report|**9**|
|Statement of Financial Activities|**10**|
|Statement of Financial Position|**11**|
|Statement of Cash Flows|**12**|
|Notes to the Financial Statements|**13-22**|
## **Kith & Kids**
## **Company Limited by Guarantee Company reference and administrative details Year ended 31 March 2025**
|**Registered charity name:**|Kith & Kids||
|---|---|---|
|**Charity registration number:**|1080972||
|**Company registration number:**|03959694||
|**Principal office and**|The Irish Centre||
|**registered office address:**|Pretoria Road||
||London||
||N17 8DX||
|**The trustees:**|Lynne Brooke||
||Victoria Anne Chase||
||Maurice Collins||
||Peter Maurice Godfrey||
||Susan Margaret Godfrey|(Appointed: 16 November 2024)|
||David Grunberg||
||Youla Hadjidaniel|(Appointed: 12 March 2025)|
||Rohan Murie Stewart|(Appointed: 5 February 2025)|
||Anne Monica Tickell||
||Venessa Jane Illich|(Retired: 16 November 2024)|
||Jane Elizabeth Connor|(Resigned: 16 November 2024)|
||Christian Van Eeden|(Resigned: 16 November 2024)|
|**Chief Executive Officer**|Nicole Francis|(Appointed: August 2024)|
|**Accountant:**|JT AccountS Limited t/a JT|Accounts®|
||9 Woodgrange Avenue||
||Enfield||
||EN1 1EW||
|**Independent examiner:**|Jacqueline Tetley||
||9 Woodgrange Avenue||
||Enfield||
||EN1 1EW||
|**Bankers:**|Lloyds Bank||
||1 Silver Street||
||Enfield||
||EN1 3EE||
## **Kith & Kids Company Limited by Guarantee Trustees' Annual Report Year ended 31 March 2025**
## **Objects of the Charity, principal activities and organisation of our work**
Kith & Kids is constituted as a company limited by guarantee whose membership consists of people with disabilities, plus members of their families. The company and its predecessor (unincorporated) association have been working in the disability field for 56 years.
The Charity’s object and its principal activity is the relief of persons with disabilities by assisting their integration and acceptance into the community. Primarily, our focus is on learning disability and autism, but many of those we support also have a physical or sensory disability.
Kith & Kids began life as a self-help group of families trying to deal as individuals with the problems of coping with a wide variety of disabilities, who found that by working together they could provide mutual support and make themselves heard. Kith & Kids is proud of the fact that, although the scale and range of its activities has increased far beyond what the founders of Kith & Kids had envisaged, its 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 school term time Kith & Kids runs weekend Clubs led by professional activity leaders (involving dance, drama, art, music, massage, sports and cooking) for adults with disabilities, plus a newer Club for children aged 8 to 14. 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 outside the confines of Clubs by arranging special outings around London, chosen by the members. During school holidays, we run large and lively social development Projects (essentially longer forms of the Clubs, plus a Residential Camp if possible) running for one or two long weekends. The experience gained by the volunteers often leads them to forge a career for themselves in the disability field.
For teens transitioning to adulthood and young adults with milder learning difficulties and disabilities we offer a variety of support activities, namely Employment & Life Skills activities (including work experience 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 and choir.
As many of our families are getting older and concerned about how their child will be cared for, we set up a Lifetime Advocacy Support Project, where our advocates get to know the child and the family and can speak on their behalf both now and when the parents have passed.
Kith & Kids has a governing board of twelve trustees, later referred to as directors (many of them parents of children who were or are disabled members), Co chaired by parents, the Management Committee also contains a majority of parents of a disabled child. The board meets around 8 times a year. Day-to-day management is in the hands of our new CEO, Nicole Francis. We would like to thank Nicole for her professional expertise and hard work.
We would like to thank the trustees and those parents who have given their time voluntarily to provide pro-bono advice and services relating to essential legal, administrative, governance and financial matters, to ensure Kith & Kids continues to operate for the benefit of all members and their families.
Page 4
## **Kith & Kids Company Limited by Guarantee Trustees' Annual Report (continued) Year ended 31 March 2025**
We are fortunate to have a staff team whose commitment to our members ensures they will use all their creativity and flexibility to help our families overcome the extra challenges they are facing. Ten members of staff are employed on the work of the Charity. In addition, we hire occasional contractors for specific tasks, plus a roster of paid, skilled work shoppers to help run the range of activities on offer. The Chairs and trustees would like to thank the team for their wonderful efforts throughout the year in keeping all activities running.
All of these services, supported by a large group of volunteers, work to improve the quality of our members’ lives, foster their inclusion in the wider community and promote a greater awareness of disability in society at large. Our highly-valued volunteers give their time and energy to make these activities possible and to create a fun and stimulating atmosphere in which our members can thrive. We couldn’t exist without them.
## **Public Benefit**
We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning future activities.
## **Developments, activities and achievements during 2024-2025**
Details regarding our services and finances follow below.
## **1) Social Development Projects, Weekend Clubs and Respite**
Successful **Social Development Projects** took place at Merryhills Primary School during the Spring, Summer and Christmas periods of 2024 and in Spring 2025. They are usually attended by 23-28 members. Our core group of work shoppers 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 ratio of volunteers to members. We were unable to run a Summer Camp in 2024 but we did manage to run a two-week summer project.
The atmosphere at Projects is as it always 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 Robin Stone, Rob Walton and Tascha Franklin, for her huge amount of work in heading up the Projects and Clubs.
Our main source of volunteers for the past few years has been students from London universities. Many of these volunteers are international students, usually only in the UK for a year or two and often not in the UK over the summer. This means that there is quicker turnover of volunteers than we used to have, so less opportunity for volunteers to build the experience needed to support our more challenging members. The recruitment of volunteers is a priority for the staff team, who are devising various strategies to increase the numbers, backgrounds and age groups we target.
**Weekend Clubs** for adults continue to be well-attended (approx. 15 members) and the Childrens’ Club continues to grow with nine children aged 10 to 14. Future plans, if affordable, would also include a Project for the younger children. This will allow a new generation of families to join Kith & Kids, taking the Charity into the future. Included in this new venture would be to include able bodied siblings, so they have a support network of like-minded children.
We are profoundly grateful to various trusts and foundations for their crucial financial support for our Social Development Projects and Weekend Club activities. We also warmly thank all our other supporters, including those who participated in the Big Give Christmas Challenge and the London Marathon and the Vitality 10k, who have so generously contributed (in effort, time and funds) to ensuring the success of our social development projects and activities.
Page 5
**Kith & Kids Company Limited by Guarantee Trustees' Annual Report (continued) Year ended 31 March 2025**
## **2) Services for Transition into Adulthood and beyond**
The **Employment & Life Skills** group ( **ELSP** ) for older, more able members continued to run twiceweekly sessions in the Kith & Kids office. We receive regular enquiries from interested families/social workers and explore with them how the sessions might suit possible new members. Social evenings are usually held three times per term and continue to be well-attended. We usually have sufficient volunteers (on a 1:1 basis) attending each outing, made up of some long-term volunteers and a number of newer ones, which keeps enthusiasm levels high for everybody.
The two groups (approx. 15 members in total), run by Rich and Becky Pickup, have realised the benefits of budgeting for special outings and residential weekends away. They continue to raise cash for these at train-station collections. Prior to residentials 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 to discuss matters such as fostering friendships and sexual relationships. Members are required to attend a minimum number of sessions, as well as two train-station collections, to be eligible for residentials. This ensures they actively join in.
Within our programme of regular **Healthy Living Activities** , the football team has enthusiastically continued to play tournaments against teams such as BlackRock and NatWest. The Kith & Kids team continues to expand (approximately 25 players), plus has a strong pool of volunteers and an extremely committed and enthusiastic volunteer coach.
Cooking sessions have been extremely popular with the ELSP groups and volunteers.
Kith & Kids **Choir** , under the direction of Tania Dunn and Tony Regan has been going well. The choir comprises a good mix of members, parents, friends and volunteers. They participated in carol singing at station collections in December 2024 and performed their annual Christmas concert at law firm Penningtons Manches Cooper.
## **3) Kith & Kids Life-time Advocacy Support Project (KLASP)**
The **KLASP** project caters for 31 families with disabled adult children 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 concerns raised by our staff members and KLASP parents still relate to a lack of stimulating activities for (too many) residents of care homes and poor communication between residential providers and parents of learning-disabled adults.
We are very grateful to our two excellent Advocates Sarah Samuel and Gulay Uludag for their excellent work supporting our families and members.
Page 6
## **Kith & Kids Company Limited by Guarantee Trustees' Annual Report (continued) Year ended 31 March 2025**
## **4) Charity Shops**
We have two shops in Enfield. The KLASP shop is now located at 43 Church Street and is our flagship shop. The Kith & Kids Shop is located at 50 Church Street.
The Stock for the shops is provided by kind donors contacting the KLASP website, phoning the shop and from house clearances run by Peter Godfrey. Over the next year we will be exploring how we can incorporate this clearance business within our operations.
Kith & Kids is hugely grateful to Peter for all his many efforts, who in turn has big praise for his team of Steven Inwood and Liam Gilligan.
Very sadly the manager of Kith & Kids shop, Graham Badcock, passed away unexpectedly this year. We all miss Graham immensely, especially his excellent knowledge around collectables.
The **ELSware shop** in Chingford provided ELSP members with work experience, supported by volunteers. Unfortunately in May 2025 we took the difficult decision to close this shop at the end of its five year lease. Kith & Kids is grateful to Steve Cummins who managed this shop for us and the work experience that took place there.
## **5) Finance and Fundraising overview**
Our normal range of fundraising activities includes grants fundraising, corporate support, match-funding campaigns, eliciting individual donations, sponsored events, community fundraising (including choir carolling at stations), charity shops and station collections.
During 2024-2025 we received grants from the National Lottery Community Fund, The Pears Foundation, BlackRock, Big Give Challenge and Benevity, all of which we greatly appreciated. Station collections have been successful throughout the year, raising between £1,000 to £2,000 each time. These have been boosted by the use of card readers, which now make up more than half of donations.
## **Receipt of bequest from late CEO**
Our late CEO Marjolein de Vries generously left Kith & Kids 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.
## **6. Reserves Policy**
The Charity aims to hold financial reserves of three months’ operating costs in reserve, due to it having no income from investments/endowments and being largely dependent for income on grants, donations and sponsored events (which are subject to fluctuation). We are currently operating within this policy.
Page 7
## **Kith & Kids Company Limited by Guarantee Trustees' Annual Report (continued) Year ended 31 March 2025**
## **Trustees' responsibilities statement**
In preparing these financial statements:
(a) the directors are responsible for preparing the Annual Report and the financial statements in accordance with 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 that they give a true and fair view of the state of affairs of the Charity and of the surplus or deficit profit or loss of the Charity for that period;
(c) in preparing the financial statements the directors are required to:
(i) select suitable accounting policies and then apply them consistently;
(ii) make judgements and accounting estimates that are reasonable and prudent;
(iii) State whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements; and
(iv) prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the Charity will continue in business.
(d) the directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial 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 safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities; and
(f) where appropriate, the directors are responsible for the maintenance and integrity of the corporate and financial information included on the Charity's website. In the case of CA 06 Co.-s418(2) each of the persons who are directors at the time when the report is approved, the following applies:
(a) so far as each director is aware, there is no relevant information (information needed by the company's accountants in connection with preparing their report) of which the company's accountants are unaware; and
(b) each director has taken all the steps that s/he ought to have taken as a director in order to make him/herself aware of any relevant information and to establish that the company's accountants are aware of that information.
This report was approved by the board of trustees and authorised for issue on 12 November 2025
And signed on its behalf by:
## **Peter Godfrey - Chair of Trustees**
Page 8
## **Kith & Kids Company Limited by Guarantee Independent Examiners Report Year ended 31 March 2025**
I report to the trustees on my examination of the accounts of Kith & Kids (the ‘charity’) for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the charity’s trustees of Kith & Kids, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of Kith & Kids's accounts carried out under section 145 of the Charities Act 2011. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1) accounting records were not kept in respect of Kith & Kids as required by section 130 of the Charities Act 2011; or
2) the accounts do not accord with those records; or
3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**Name:** Jacqueline Tetley **,** FICM PM.Dip, FMAAT, ATT, TEP, MSWW **Signature:**
**Relevant professional qualification or body:** The Association of Accounting Technicians (10130633) **Address:** 9 Woodgrange Avenue, Enfield EN1 1EW **Date:** 20 October 2025
Page 9
## **Kith & Kids Company Limited by Guarantee Statement of Financial Activities Year ended 31 March 2025**
|**Unrestricted**
**funds**
**2025**
**Restricted**
**funds**
**2025**
**Total funds**
**2025**
**Notes**
£
£
£
**Income**
Donations and grants
7
365,623
170,234
535,857
Charitable activities
8
166,288
14,435
180,723
Other activities
9
139,266
-
139,266
Investment income
10
2,443
-
2,443
**Total income**
**673,620**
**184,669**
**858,289**
**Expenditure**
Costs of other trading activities
11
49,696
-
49,696
Expenditure on charitable activities
12
392,720
65,614
458,334
Expenditure on other activities
13
195,912
-
195,912
**Total expenditure**
**638,328**
**65,614**
**703,942**
**Net income/(expenditure)**
**35,292**
**119,055**
**154,347**
Transfers between funds
**-**
**-**
**-**
**Net movement in funds**
**35,292**
**119,055**
**154,347**
**Reconciliation of funds**
Total Funds Bought Forward
**178,937**
**87,268**
**266,205**
**Total funds carried forward**
**214,229**
**206,323**
**420,552**|**Total funds**
**2024**
£
382,254
192,885
37,452
3,982
**616,573**
15,887
539,759
-
**555,646**
**60,927**
-
**60,927**
**205,278**
**266,205**|
|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Included within unrestricted funds is a Designated Reserves Fund of £100,000 (see Note 23). This amount has been set aside by the trustees in accordance with the charity’s reserves policy
to provide financial stability and ensure the charity can continue to meet its obligations and support core activities in the event of unforeseen circumstances. The reserves are shown in full on the Statement of Financial Position.
Page 10
## **Kith & Kids Company Limited by Guarantee Statement of Financial Position Year ended 31 March 2025**
|Note
**Fixed Assets**
Tangible fixed assets
18
**Current assets**
Stocks
19
Debtors
20
Accrued Income and Prepayments
20
Cash at bank and in hand
**Creditors -**Amounts falling due within one year
21
**Net Current Assets**
**Total assets less current liabilities**
**Net assets**
**Funds**
Unrestricted Income Funds
Reserves Fund
Restricted Income Funds
23|2025
£
38,389
13,445
2,362
40,783
391,984
448,574
-66,411
**382,163**
**420,552**
**420,552**
114,229
100,000
206,323
**420,552**|2024
£
41,545
18,150
96,213
-
143,679
258,042
-33,382
**224,660**
**266,205**
**266,205**
178,937
-
87,268
**266,205**|
|---|---|---|
For the year ending 31 March 2025 the charity was entitled to an exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## Directors' responsibilities:
The members have not required the company to obtain an audit for the year in question, in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of the financial statements.
These financial statements were approved by the board of trustees and authorised for issue on 12 November 2025
And signed on its behalf by:
**Peter Godfrey - Chair of Trustees**
Page 11
## **Kith & Kids Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025**
|**Cash flows from operating activities**
**Net movement in funds per SOFA**
Adjustments for:
Depreciation of tangible fixed assets
Interest receivable
Accrued expenses / (income)
**Changes in:**
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**Net cash provided by operating activities**
**Cash flows from investing activities**
Purchase of tangible assets
Interest Received
**Net cash from investing activities**
**Net increase in cash and cash equivalents**
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
**Components of cash and cash equivalents**
Cash and bank balances|**2025**
**£**
154,347
3,156
-2,443
11,048
4,705
53,068
24,424
**248,305**
**2025**
**£**
-
2,443
**2,443**
**2025**
**£**
248,305
143,679
**391,984**
**2025**
**£**
391,984
**391,984**|**2024**
**£**
60,927
2,483
-3,982
32,423
750
-15,974
-35,896
**40,731**
**2024**
**£**
-43,105
3,982
**-39,123**
**2024**
**£**
40,731
102,948
**143,679**
**2024**
**£**
143,679
**143,679**|
|---|---|---|
Page 12
## **Kith & Kids Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025**
## **1. General Information**
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The registered office address is The Irish Centre, Pretoria Road, London, N17 8DX
## **2. Statement of Compliance**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006, and UK Generally Accepted Practice.
## **3. Accounting Policies**
## **Basis of preparation**
The financial statements have been prepared under the historical cost convention. The financial statements are presented in sterling, which is the functional currency of the charity.
## **Going concern**
The trustees have assessed the charity’s ability to continue as a going concern. Having considered the charity’s financial position, reserves, forecasts, and risks, the trustees are satisfied that the charity has adequate resources to continue operations for the foreseeable future. Accordingly, the accounts have been prepared on a going concern basis.
## **Judgements and estimation uncertainty**
The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts. These estimates and judgements are continually reviewed and are based on reasonable expectations of future events. There are no significant assumptions or sources of estimation uncertainty that are expected to result in material adjustments.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further the charity’s purposes. Designated funds are unrestricted funds earmarked for a specific purpose. Restricted funds are subject to conditions imposed by donors or through terms of an appeal and may be restricted income or endowment funds.
## **Incoming resources**
All income is included in the Statement of Financial Activities when entitlement has passed, receipt is probable, and the amount can be reliably measured. Specific policies include:
- Donations and grants: recognised when entitlement, probability and measurement criteria are met.
- Legacies: recognised when entitlement is established and receipt is probable.
- Donated goods, facilities and services: recognised at fair value when measurable.
- -Income from contracts for services: recognised as services are delivered.
## **Resources expended**
Expenditure is recognised when a liability is incurred. Costs include any VAT that cannot be recovered. Expenditure is allocated to raising funds, charitable activities, or other costs in accordance with SORP. Shared costs are apportioned on a reasonable basis, such as staff time.
Page 13
## **Tangible assets**
Fixed assets are stated at cost less accumulated depreciation. Additions under £2,500 are not capitalised. Depreciation is provided as follows:
- Fixtures, fittings and equipment: straight line over 3 years
- Motor vehicles: reducing balance over 4 years
- Leasehold property: over the life of the lease
- Mobile sensory room: straight line over 3 years
## **Impairment of fixed assets**
Assets are reviewed for impairment whenever events indicate that carrying values may not be recoverable. Where carrying value exceeds recoverable amount, an impairment loss is recognised.
## **Stocks**
The charity receives donated goods for resale through its fundraising activities. In accordance with the Charities SORP (FRS 102), donated goods are recognised as stock only when they are under the charity’s control and when a reliable estimate of value can be made.
As donated goods have no direct cost to the charity, stocks are valued at the lower of net realisable value and cost, with cost deemed to be nil. Net realisable value is based on the estimated proceeds from the sale of one month’s typical trading activity, including associated Gift Aid recoverable, less any estimated costs to complete the sale.
This treatment reflects the nature of the donated goods and provides a fair and prudent estimate of the value expected to be realised.
## **Operating leases**
Rentals under operating leases are charged on a straight-line basis over the lease term.
## **Financial instruments**
The charity recognises financial instruments when it becomes a party to the contractual provisions. Basic financial instruments are initially measured at transaction value and subsequently at amortised cost.
## **Pensions**
The charity operates a defined contribution pension scheme. Contributions are recognised in the period when employees provide service. Obligations not due within 12 months are measured on a discounted present value basis.
## **4. Limited by Guarantee**
The charity is a company limited by guarantee and has no share capital. Each member undertakes to contribute up to £1 in the event of winding up.
## **5. Reserves Policy**
The trustees’ policy is to maintain free reserves at a level which provides sufficient funds to cover at least three months of operating expenditure. At 31 March 2025, free reserves were £100,000.
## **6. Financial Instruments and Risk Management**
The charity’s financial instruments include cash, trade debtors and creditors. The principal risks are credit risk, liquidity risk and market risk. These are managed through monitoring of reserves, budgeting, and robust financial controls.
Page 14
## **Kith & Kids Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025**
## **7. Donations, grants and legacies**
|**Donations**
Sidney Spellman
Harrison Frank Trust
National Lottery Awards
Other donations < £5,000
**Grants**
Blackrock
National Lottery Community Fund
Other Grants <£5,000
**Bequest**
Yates
Marjolein
**Total**
**Donations**
Other donations
**Grants**
Pears Foundation
National Lottery Community Fund
**Total**
Voluntary contributions from parents
General donations and grants for the
KLASP Project
General donations and grants for the
KLASP Two Project
Voluntary contributions from parents
General donations and grants for the
KLASP Project|**Unrestricted**
**funds**
**2025**
**Restricted**
**funds**
**2025**
21,095
-
35,300
-
5,000
-
10,000
-
-
2,500
64,147
58,001
-
18,487
-
91,246
2,000
-
8,000
-
220,081
-
**365,623**
**170,234**
**Unrestricted**
**funds**
**2024**
**Restricted**
**funds**
**2024**
37,949
4,180
74,384
15,312
530
3,175
118,410
2,962
40,000
-
-
85,352
**271,273**
**110,981**|**Total funds**
**2025**
21,095
35,300
5,000
10,000
2,500
122,148
18,487
91,246
2,000
8,000
220,081
**535,857**
**Total funds**
**2024**
42,129
89,696
3,705
121,372
40,000
85,352
**382,254**|
|---|---|---|
Page 15
## **Kith & Kids Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025**
## **8. Charitable activities**
|KLASP shops
Local Authority
ELSP shops
**Total**
**9. Other activities**
London Marathon
Appeals and donations
Gift Aid
Other income
**Total**
London Marathon
Appeals and donations
Other events
Other income
**Total**
**10. Investment income**
Bank interest receivable
Other interest receivable
**Total**|**Unrestricted**
**funds**
**2025**
**Restricted**
**funds**
**2025**
166,288
-
-
14,435
-
-
**166,288**
**14,435**
**Unrestricted**
**funds**
**2025**
**Restricted**
**funds**
**2025**
14,951
-
53,627
-
57,328
-
13,360
**139,266**
**-**
**Unrestricted**
**funds**
**2024**
**Restricted**
**funds**
**2024**
4,252
-
-
30,501
366
351
1,753
229
**6,371**
**31,081**
**Unrestricted**
**funds**
**2025**
**Total funds**
**2025**
2,443
2,443
-
-
**2,443**
**2,443**|**Total funds**
**2025**
166,288
14,435
-
**180,723**
**Total funds**
**2025**
14,951
53,627
57,328
13,360
**139,266**
**Total funds**
**2024**
4,252
30,501
717
1,982
**37,452**
**Unrestricted**
**funds**
**2024**
655
3,327
**3,982**|**Total funds**
**2024**
152,029
-
40,856
**192,885**
**Total funds**
**2024**
655
3,327
**3,982**|
|---|---|---|---|
Page 16
## **Kith & Kids**
## **Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025**
## **11. Costs of other trading activities**
|Core costs
**Total**
**12. Expenditure on charitable activities**
Fundraising and publicity
Shops
Projects and events
General
Wages and salaries
Support costs (non-governance)
**Total**
**13. Expenditure on other activities**
Legal and professional
Wages and salaries
Other
**Total**|**Unrestricted**
**funds**
**2025**
**Restricted**
**funds 2025**
**Total funds**
**2025**
49,696
49,696
**49,696**
**49,696**
**Unrestricted**
**funds**
**2025**
**Restricted**
**funds 2025**
**Total funds**
**2025**
31,369
-
31,369
70,858
-
70,858
2,346
65,614
67,960
308
-
308
244,442
-
244,442
43,397
-
43,397
**392,720**
**65,614**
**458,334**
**Unrestricted**
**funds**
**2025**
**Restricted**
**funds 2025**
**Total funds**
**2025**
7,276
-
7,276
175,776
-
175,776
12,860
-
12,860
**195,912**
**-**
**195,912**|
|---|---|
Page 17
## **Kith & Kids Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025**
## **14. Net income (expenditure)**
Net income/(expenditure) is stated after charging/(crediting)
|Net income/(expenditure) is stated after charging/(crediting)
Depreciation of tangible fixed assets
Operating lease rentals
**15. Governance costs**
Fees payable to the independent examiner for:
Fees payable to the external accountant for:
Financial statements and accounts preparation
Independent examination of the financial statements
Bookkeeping and payroll|2025
£
3,156
56,043
**59,199**
2025
£
1,200
2,982
1,800
**5,982**|2024
£
2,483
62,144
**64,627**
2024
£
2,360
-
4,792
**7,152**|
|---|---|---|
## **16. Staff costs**
Staff costs include wages, salaries, social security, and pension contributions. The number of employees with remuneration exceeding £60,000 is disclosed. The total remuneration of key management personnel, who are responsible for planning, directing and controlling activities, is also disclosed.
The total staff costs and employee benefits for the reporting period are analysed as follows:
|Wages and salaries
Social security costs
Employer contributions to pension plans
Staff training and recruitment|2025
£
376,490
27,940
15,787
8,094
**428,311**|2024
£
287,908
23,091
7,187
-
**318,186**|
|---|---|---|
The average head count of employees during the year was 10 (2024: 10). The average number of full-time equivalent employees during the year is analysed as follows:
|Fundraising and publicity
Management and projects|2025
No.
1
10
**11**|2024
No.
1
9
**10**|
|---|---|---|
No employee received employee benefits of more than £60,000 during the year.
## **Key Management Personnel**
Key management personnel (no. 2) includes all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £79,161 (2024: £51,942).
Page 18
## **Kith & Kids Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025**
## **17. Trustee Remuneration and Related Party Transactions**
No trustees received remuneration or benefits in the year (2024: NIL). Trustees’ expenses, if any, are disclosed separately. Donated services are recognised where measurable, including professional and bookkeeping services. Trustee donations and related party transactions are disclosed with nature and value.
## **18. Tangible fixed assets**
|**Cost**
At 1 April 2024
Additions
**At 31 March 2025**
**Depreciation**
At 1 April 2024
Charge for the year
**At 31 March 2025**
**Carrying amount**
**At 31 March 2025**
At 31 March 2024|**Land and**
**buildings**
£
18,941
-
18,941
631
631
1,262
17,679
18,310|**Mobile**
**sensory**
**room**
£
28,653
-
28,653
23,653
-
23,653
-
-|**Motor**
**vehicles**
£
22,199
-
22,199
925
886
1,811
20,388
21,274|**Equipment**
£
53,584
-
53,584
51,623
1,639
53,262
322
1,961|**Total**
£
123,377
-
**123,377**
76,832
3,156
**79,988**
**38,389**
**41,545**|
|---|---|---|---|---|---|
## **19. Stocks**
Stocks comprise donated goods held for resale as part of the charity’s fundraising activities. As the items are donated, they have no cost to the charity.
In accordance with the charity’s accounting policy, stocks are valued at net realisable value, which has been assessed as the estimated proceeds from one month’s typical trading activity plus related Gift Aid recoverable, less any costs to complete or sell.
|Stocks at the year end have therefore been valued at
**20. Debtors**
Trade debtors
Prepayments and accrued income
Other debtors|**2025**
£
13,445
**13,445**
**2025**
£
2,362
24,416
16,367
**43,145**|**2024**
£
18,150
**18,150**
**2024**
£
3,655
76,191
16,367
**96,213**|
|---|---|---|
Page 19
## **Kith & Kids**
## **Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025**
## **21. Creditors: amounts falling due within one year**
|Trade creditors
Accruals and deferred income
Social security and other taxes|**2025**
£
794
53,705
11,912
**66,411**|**2024**
£
-
20,922
12,460
**33,382**|
|---|---|---|
There were no other pension liabilities due at the end of the financial year apart from those disclosed in other creditors.
## **22. Pensions and other post-retirement benefits**
## **Defined contribution plans**
The amount recognised in income or expenditure as an expense in relation to defined contribution plans is £15,788 (2024: £27,187)-
## **23. Analysis of charitable funds**
## **Unrestricted funds**
|General funds (including Reserves)
General funds
**Restricted funds**
Projects and activities
KLASP
Projects and activities
KLASP
Advocacy, family
support and outreach|**At 1 April**
**2024**
£
178,937
**At 1 April**
**2023**
£
172,929
**At 1 April**
**2024**
£
-
87,268
87,268
**At 1 April**
**2023**
£
-
-
32349
32,349|**Income**
£
673,620
**Income**
£
281,626
**Income**
£
184,669
-
184,669
**Income**
£
164,201
-
170,746
334,947|**Expenditure**
£
-638,328
**Expenditure**
£
-48,300
**Expenditure**
£
-65,614
-
-65,614
**Expenditure**
£
-256,038
-17317
-233,991
-507,346|**Transfer**
£
-
**Transfer**
£
-227,318
**Transfer**
£
87,268
-87,268
-
**Transfer**
£
91,837
17,317
118,164
227,318|**At 31 March**
**2025**
£
**214,229**
**At 31 March**
**2024**
£
**178,937**
**At 31 March**
**2025**
£
206,323
-
**206,323**
**At 31 March**
**2024**
£
-
-
87,268
**87,268**|
|---|---|---|---|---|---|
## **Reclassification of Restricted Funds**
The KLASP Restricted Fund has been combined with the Projects and Activities Restricted Fund, following a trustee decision to present these related restricted activities under a single heading. All funds remain restricted to their original purposes.
Page 20
## **Kith & Kids Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025**
## **24. Analysis of charitable funds**
## **Projects and activities**
These are our projects and activities for members with disabilities focusing on personal development, social inclusion and access to leisure and cultural activities. These include our 2:1 Social Development Projects, Weekend Clubs, Friendship Scheme and the Employability and Life Skills Project.
## **KLASP**
The object of this distinct activity is to enable Kith & Kids to maintain support for our disabled members whose parents/carers have died or are incapacitated and no longer able to support their disabled sons/daughters themselves. KLASP provides a regular independent visitor service and recourse to advocacy support where needed.
## **25. Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Creditors less than 1 year
**Net assets**
Tangible fixed assets
Current assets
Creditors less than 1 year
**Net assets**|**Unrestricted**
**funds**
**2025**
£
-
282,208
-66,411
**215,797**
**Unrestricted**
**funds**
**2024**
£
-
212,319
-33,382
**178,937**|**Restricted**
**funds**
**2025**
£
38,389
166,366
-
**204,755**
**Restricted**
**funds**
**2024**
£
41,545
45,723
-
**87,268**|**Total funds**
**2025**
£
38,389
448,574
-66,411
**420,552**
**Total funds**
**2024**
£
41,545
258,042
-33,382
**266,205**|
|---|---|---|---|
Page 21
## **Kith & Kids Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025**
## **26. Analysis of changes in net debt**
|Cash at bank and in hand
**27. Operating lease commitments**
Not later than 1 year
Later than 1 year and not later than 5 years|**At 1 April**
**2024**
£
143,679|**Cash flows**
£
248,305
**2025**
£
59,032
55,000
**114,032**|**At 31 March**
**2025**
£
391,984
**2024**
£
75,736
166,090
**241,826**|
|---|---|---|---|
## **28. Post Balance Sheet Events**
The trustees confirm that there have been no material post balance sheet events requiring disclosure or adjustment. After the year end, Pernell Adams – appointed 22/5/2025, and Hilarie Gedroyc – appointed 30/7/2025, were appointed as trustees of the charity. These appointments occurred after the reporting period and do not affect the financial statements for the year.
## **29. Donated Services**
Trustees and supporters provided donated services including professional and bookkeeping support. In 2025 the estimated fair value of these services was £25,000 (2024: £4,200). There were no conditions attached to the services
## **30. Related Parties**
During the year, donations were received from trustees amounting to £15,391 (2024: £3,645). Other related party transactions are disclosed in line with SORP.
Page 22