REGISTERED CHARITY NUMBER: 1096406
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 5 DECEMBER 2023
FOR
KIDS CARE LONDON
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
KIDS CARE LONDON
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 DECEMBER 2022 TO 5 DECEMBER 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Cash Flow Statement | 6 | ||
| Notes to the Cash Flow Statement | 7 | ||
| Notes to the Financial Statements | 8 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
KIDS CARE LONDON
REPORT OF THE TRUSTEES FOR THE PERIOD 1 DECEMBER 2022 TO 5 DECEMBER 2023
The trustees present their report with the financial statements of the charity for the period 1 December 2022 to 5 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The purpose of the charity is set out in its governing document dated the 27th January 2003.
The main objectives of the charity are:
-
Promote and advance the education, training, and advancement of young people, from Hackney, Haringey, Barnet, Manchester and Gateshead, who have disabilities, and are financially deprived; and to empower them to maximise their potential.
-
Provide a warm and caring environment in which they may access recreational and leisure opportunities catered to their needs.
Significant activities
The financial results of the Company's activities for the period ended 30 November 2023 are fully reflected in the attached financial statements together with the notes thereon.
The trustees are satisfied with the results and activities of the company for the year and do not anticipate any significant changes in the forthcoming year.
Public benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the charity's future activities. The aims of the charity for the public benefit are detailed in the Objectives and Activities section of the report.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity received donations totalling £575,662 (2022: £602,770) and spent £559,555 (2022: £633,351) on charitable activities.
FINANCIAL REVIEW
Principal funding sources
The charity is financially dependent on income from charitable donations.
Reserves policy
The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity including the possibility of providing capital assets for the needs of charitable institutions.
FUTURE PLANS
There are no current plans to change the activities or modus operandi in the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a declaration of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 1
KIDS CARE LONDON
REPORT OF THE TRUSTEES FOR THE PERIOD 1 DECEMBER 2022 TO 5 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1096406
Principal address
7 BETHUNE ROAD LONDON N16 5BW
Trustees
Mrs E Reiner M Grosskopf S Schleisinger
Independent Examiner
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 30 September 2024 and signed on its behalf by:
S Schleisinger - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KIDS CARE LONDON
Independent examiner's report to the trustees of KIDS CARE LONDON
I report to the charity trustees on my examination of the accounts of KIDS CARE LONDON (the Trust) for the period 1 December 2022 to 5 December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
M A Venitt, A.C.A
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
30 September 2024
Page 3
KIDS CARE LONDON
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 DECEMBER 2022 TO 5 DECEMBER 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 500,768 EXPENDITURE ON Charitable activities 3 Charitable activities 474,664 Other 1,240 Total 475,904 NET INCOME/(EXPENDITURE) 24,864 RECONCILIATION OF FUNDS Total funds brought forward 11,382 TOTAL FUNDS CARRIED FORWARD 36,246 |
Restricted funds £ 74,894 84,891 - 84,891 (9,997) 9,997 - |
Period 1.12.22 to Year ended 5.12.23 30.11.22 Total Total funds funds £ £ 575,662 602,770 559,555 633,351 1,240 1,420 560,795 634,771 14,867 (32,001) 21,379 53,380 36,246 21,379 |
|---|---|---|
The notes form part of these financial statements
Page 4
KIDS CARE LONDON
BALANCE SHEET 5 DECEMBER 2023
| 5.12.23 | 30.11.22 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 8 | 44,509 | - | 44,509 | - |
| Cash at bank and in hand | 18,944 | - | 18,944 | 31,819 | |
| 63,453 | - | 63,453 | 31,819 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 9 | (27,207) | - | (27,207) | (10,440) |
| NET CURRENT ASSETS | 36,246 | - | 36,246 | 21,379 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 36,246 | - | 36,246 | 21,379 | |
| NET ASSETS | 36,246 | - | 36,246 | 21,379 | |
| FUNDS | 10 | ||||
| Unrestricted funds | 36,246 | 11,382 | |||
| Restricted funds | - | 9,997 | |||
| TOTAL FUNDS | 36,246 | 21,379 |
The financial statements were approved by the Board of Trustees and authorised for issue on 30 September 2024 and were signed on its behalf by:
S Schleisinger - Trustee
The notes form part of these financial statements
Page 5
KIDS CARE LONDON
CASH FLOW STATEMENT FOR THE PERIOD 1 DECEMBER 2022 TO 5 DECEMBER 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash (used in)/provided by operating activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
Period 1.12.22 to Year ended 5.12.23 30.11.22 £ £ (12,875) 11,638 (12,875) 11,638 (12,875) 11,638 31,819 20,181 18,944 31,819 |
Period 1.12.22 to Year ended 5.12.23 30.11.22 £ £ (12,875) 11,638 (12,875) 11,638 (12,875) 11,638 31,819 20,181 18,944 31,819 |
|---|---|---|
| 11,638 | ||
| 11,638 20,181 |
||
| 31,819 |
The notes form part of these financial statements
Page 6
KIDS CARE LONDON
NOTES TO THE CASH FLOW STATEMENT FOR THE PERIOD 1 DECEMBER 2022 TO 5 DECEMBER 2023
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| OPERATING ACTIVITIES | ||
|---|---|---|
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash (used in)/provided by operations |
Period 1.12.22 to Year ended 5.12.23 30.11.22 £ £ 14,867 (32,001) (44,509) 128,052 16,767 (84,413) (12,875) 11,638 |
|
| 11,638 |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| At Net cash Cash at bank and in hand Total |
1.12.22 Cash flow At £ £ 31,819 (12,875) 31,819 (12,875) 31,819 (12,875) |
5.12.23 £ 18,944 |
|---|---|---|
| 18,944 | ||
| 18,944 |
The notes form part of these financial statements
Page 7
KIDS CARE LONDON
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 DECEMBER 2022 TO 5 DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Governance costs
Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| Donations Camp Horizon fees |
Period 1.12.22 to Year ended 5.12.23 30.11.22 £ £ 397,830 409,170 177,832 193,600 575,662 602,770 |
Period 1.12.22 to Year ended 5.12.23 30.11.22 £ £ 397,830 409,170 177,832 193,600 575,662 602,770 |
|---|---|---|
| 602,770 |
continued...
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KIDS CARE LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 DECEMBER 2022 TO 5 DECEMBER 2023
3. CHARITABLE ACTIVITIES COSTS
| Direct | |||
|---|---|---|---|
| Costs | |||
| £ | |||
| Charitable activities | 559,555 | ||
| GRANTS PAYABLE | |||
| Period | |||
| 1.12.22 | |||
| to | Year ended | ||
| 5.12.23 | 30.11.22 | ||
| £ | £ | ||
| Charitable activities | - | 126,356 |
4. GRANTS PAYABLE
5. SUPPORT COSTS
| SUPPORT COSTS | |
|---|---|
| Governance | |
| costs | |
| £ | |
| Other resources expended | 1,240 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 5 December 2023 nor for the year ended 30 November 2022.
Trustees' expenses
There were no trustees' expenses paid for the period ended 5 December 2023 nor for the year ended 30 November 2022.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 541,435 EXPENDITURE ON Charitable activities Charitable activities 572,016 Other 1,420 Total 573,436 NET INCOME/(EXPENDITURE) (32,001) RECONCILIATION OF FUNDS Total funds brought forward 43,383 |
Restricted funds £ 61,335 61,335 - 61,335 - 9,997 |
Total funds £ 602,770 |
|---|---|---|
| 633,351 1,420 |
||
| 634,771 | ||
| (32,001) 53,380 |
continued...
Page 9
KIDS CARE LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 DECEMBER 2022 TO 5 DECEMBER 2023
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| TOTAL FUNDS CARRIED FORWARD | 11,382 | 9,997 | 21,379 | |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 5.12.23 | 30.11.22 | |||
| £ | £ | |||
| Trade debtors | 14,269 | - | ||
| Prepayments | 30,240 | - | ||
| 44,509 | - | |||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 5.12.23 | 30.11.22 | |||
| £ | £ | |||
| Trade creditors | - | 324 | ||
| Other creditors | 27,207 | 10,116 | ||
| 27,207 | 10,440 | |||
| 10. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1.12.22 | in funds | 5.12.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 11,382 | 24,864 | 36,246 | |
| Restricted funds | ||||
| General fund | 9,997 | (9,997) | - | |
| TOTAL FUNDS | 21,379 | 14,867 | 36,246 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 500,768 | (475,904) | 24,864 | |
| Restricted funds | ||||
| General fund | 74,894 | (84,891) | (9,997) | |
| TOTAL FUNDS | 575,662 | (560,795) | 14,867 |
continued...
Page 10
KIDS CARE LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 DECEMBER 2022 TO 5 DECEMBER 2023
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.12.21 £ Unrestricted funds General fund 43,383 Restricted funds General fund 9,997 TOTAL FUNDS 53,380 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 541,435 Restricted funds General fund 61,335 TOTAL FUNDS 602,770 |
Net movement At in funds 30.11.22 £ £ (32,001) 11,382 - 9,997 (32,001) 21,379 Resources Movement expended in funds £ £ (573,436) (32,001) (61,335) - (634,771) (32,001) |
|---|---|
11. RELATED PARTY DISCLOSURES
During the period the charity received £1,700 in charitable donations from Tottenham District Charity. The charity and Tottenham District Charity share a common trustee.
During the period the charity received £8,014 in charitable donations from The Tottenham Grammar School Foundation. The charity and The Tottenham Grammar School Foundation share a common trustee.
Page 11
KIDS CARE LONDON
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 DECEMBER 2022 TO 5 DECEMBER 2023
| Period | |||
|---|---|---|---|
| 1.12.22 | |||
| to | Year en | ded | |
| 5.12.23 | 30.11.22 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations | 397,830 | 409,170 | |
| Camp Horizon fees | 177,832 | 193,600 | |
| 575,662 | 602,770 | ||
| Total incoming resources | 575,662 | 602,770 | |
| EXPENDITURE | |||
| Charitable activities | |||
| Advertising | 15,713 | 15,168 | |
| Accommodation | 60,750 | 87,567 | |
| Activities | 361,555 | 214,980 | |
| Administration | 3,938 | 278 | |
| Advertising | 525 | 2,559 | |
| Food and kitchen costs | 73,100 | 129,137 | |
| Travel | 29,115 | 41,799 | |
| Sundry | 18 | 581 | |
| Telephone | 129 | 132 | |
| Printing and stationery | 1,616 | 3,530 | |
| Repairs | 722 | 2,995 | |
| Training | 1,549 | 24 | |
| Wages | 4,275 | 3,827 | |
| Rent | 6,550 | 3,500 | |
| Consultancy fees | - | 918 | |
| Grants to institutions | - | 126,356 | |
| 559,555 | 633,351 | ||
| Support costs | |||
| Governance costs | |||
| Legal and professional fees | 340 | 700 | |
| Accountancy fees | 900 | 720 | |
| 1,240 | 1,420 | ||
| Total resources expended | 560,795 | 634,771 | |
| Net income/(expenditure) | 14,867 | (32,001) |
This page does not form part of the statutory financial statements
Page 12