**Charity registration number 1100045**
**Company registration number 04607292 (England and Wales)**
## **KIDS FOR KIDS**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **KIDS FOR KIDS**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr F D N Campailla Mr P H Doyle Mr A King-Smith Mrs P M Parker OBE, Chairman Mrs E A Sutton Mr K M O Abulrahman Mr L Traxon Mrs K Jankel (Appointed 1 June 2023) **Charity number** 1100045 **Company number** 04607292 **Independent examiner** Darren Harding ACA FCCA DChA Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT
## **KIDS FOR KIDS**
## **CONTENTS**
||**Page**|
|---|---|
|Chairman's statement|1 - 3|
|Trustees report|4 - 5|
|Independent examiner's report|6|
|Statement of financial activities|7 - 8|
|Balance sheet|9 - 10|
|Statement of cash flows|11|
|Notes to the financial statements|12 - 27|
_Indiscriminate bombing in Khartoum has destroyed countless neighbourhoods. A family's home destroyed._
## **KIDS FOR KIDS**
## **CHAIRMAN'S STATEMENT**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
I cannot remember a year of such unrelenting tragedy as these twelve months. The withdrawal of UNAMID from Darfur left a vacuum which has not been filled. There are now no international forces to help enforce peace and there are no international observers. The international community and world press are virtually silent. Pressure, even from our own Government, is minimal. There appears to be no one prepared to intervene to stop the atrocities. Murders, rape and brutalities, especially against women and children, continue. The Rapid Support Force (the former Janjaweed) is continuing to lay siege to the regional capital of North Darfur, where Kids for Kids has been operating for 23 years and it is where our wonderful volunteers have been working. Now they are back in their own villages, many of which have had no internet or mobile signals so it has at times been impossible to reach some of them.
Yet, despite continuing violence and the unpredictable movement of the two fighting forces, incredibly our volunteers, the members of the Kids for Kids Steering Committee, have been finding ways to help our communities. Our main aim of providing sustainable help remains, but whilst the fighting prevents stability it has not been possible to adopt new communities, although this remains our long term plan once peace returns to the region. Reports of families existing on one scant meal a day made me determined to provide whatever emergency aid was possible. Failed harvests meant few people had been able to save seed to plant and without a 2024 harvest next year could be even worse.
**The incredible news is that we have found a way of getting funds to Darfur.** You will remember that banks closed as soon as the violence erupted in April 2023. This has led to massive hardship. Markets closed and business ceased. We are now using CASHI which is based in Washington DC and is run by long term supporters of Kids from Kids who knew us from our very first years in Sudan. They transfer funds to volunteers whom we authorize, via mobile digital transfers, who have a system called Bankak on their mobile phones. Thankfully signals are now much more reliable and your donations are reaching the families most in need. We of course do not hand out money – we use the digital transfers to purchase the items the communities identify as their greatest need. As I write that is protein, minerals and vitamins, in other words a balanced diet, for their children. Reports of stunted growth are widespread. Our initial Pilot Project – implemented a few months after the financial year under review - was a success. We are now working on providing vegetable seeds – it is too late to plant the staple crops of millet and sorghum which we initially provided – and our new Kids Kitchen Kits initiative. These are packages of food for families with children aged 5 and under and include pulses, lentils, groundnuts and whatever fresh produce is available in the markets. Tragically local families cannot afford to buy even the most basic of necessities in the soaring inflation, but for us, sterling is strong so we are able to make your donations really stretch to reach many families.
However, the difficulties in implementation of projects as the violence spread across the whole of Sudan has meant that there has been almost no direct project spend during the financial year 2023/24. However, the extensive efforts of our small team have paid off and our patience has been rewarded through finding effective ways to transfer funds and implement projects, so project spend can again increase during this financial year and beyond.
**Long term our aim is to continue to provide our unique package of sustainable projects** . We could not have had more proof than now of their success in enabling people to survive in the worst of circumstances. They have helped people get through these terrible times. The indirect affects of violence is catastrophic. I cannot begin to tell you how touched I am at the impact just having Kids for Kids in a village has. When combined with our whole package of support, from water at hand, to a simple mosquito net, the overall benefits are incalculable. We are now being asked for help for the dozens of families who have moved to our villages as part of our emergency aid – but in providing goats and donkeys, mosquito nets and blankets we are indeed providing sustainable help. Kids for Kids has never been needed more.
_Mothers sign receipts with a thumb print - most women in villages are illiterate._
**What of the future?** Once it is possible to recommence training when there is stability once more, then I plan to introduce a Trauma Relief Programme for children. Having been captured ourselves in 2006 I know how long trauma can last. We need to help this generation of children to a happy, stress free, future.
## **Beyond Sudan:**
I am very grateful to **our Board of Trustees** who continue to support me and to ensure the smooth running of Kids for Kids. Covid certainly helped in encouraging us to hold online meetings and, whilst I always find that meeting in person is the most effective way to plan and even to resolve problems, it is of enormous benefit when Trustees are spread around the world. Sadly, since the end of the financial year our much valued Trustee and friend **Patrick Doyle** has resigned. He has now moved
page 1
## **KIDS FOR KIDS**
## **CHAIRMAN'S STATEMENT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
permanently to Dubai and I wish him well with his professional work and charitable endeavours. I am humbled at how he has been giving me and Kids for Kids credit in the media for inspiring and transforming him from a businessman into a philanthropist. In turn, his and his family’s steadfast support over many years, initiating our Ambassadors’ Ball and acting as our main business sponsor, has been a real source of inspiration and strength for me. Kids for Kids and the children of Darfur will always be grateful for what Patrick and his family have made possible
The Board continues to ensure that we are up to date with all charity legislation and regulations. Indeed I am proud that our safeguarding practices were in place long before it became fashionable! We keep our Risk Matrix under review regularly and update it at every Board meeting, helping us to maintain a watchful eye on every aspect of the charity. Data protection is high in our priorities and in the new year we plan to introduce a Customer Relationship Management system to take over the Access database we have used for so long. I am enormously grateful to Peter Barclay for ensuring its efficiency for all these years. He is an extraordinary friend. From the start, I have done all I can to ensure that not only are we up to date, but ahead in leading the way on best practice. To me, transparency is essential. We are the recipients of donations, often from people who themselves understand what it is to struggle. I take very seriously the responsibility of ensuring all funds are spent wisely, with as little wastage as is humanly possible.
It has been wonderful that, despite the depressing news from Sudan, with little sign of any end in sight, our supporters have continued to raise funds and awareness undaunted. Our annual events have continued to be a great success. This means the charity’s income and finances continue to be in very good shape. That is enabling us to proceed with expanding our project spend in Darfur, in a cautious and well-planned fashion, while also keeping sufficiently high levels of funds in the bank and the charity’s investments to cover our reserve policy and mitigate the high risks resulting from the violence and the volatility this produces.
In 2025 we will undergo a long-planned strategic transition. I will step down as CEO. It is essential for the charity to replace me as CEO whilst I am able to work alongside the charity’s new leadership to ensure the future of Kids for Kids. We are a unique charity. It would be tragic to lose our extraordinary and unique ways of working and impact. That is why the Trustees have agreed we should now implement our Transition Plan. I am long past retirement age! Plus we are in need of replacing our administrator/ PA, a role that we have kept vacant as long as we could to keep our admin costs low while spend on projects was impossible. Both as full time appointments will necessitate National Insurance and Pensions. Whilst I will continue to be paid for a short time as I train my successor, initially continuing to run all the work in Sudan, I will then step back and then later we will look for a Sudan Country Director once there is a stable government. We anticipate our administration costs will rise steeply in 2025 but that, following completion of the Transition Plan, our income will rise to more than compensate for the increase in administration, but this will take some months. I ask you to be patient!
**With the situation in Darfur so critical, and with Kids for Kids proving it is possible to get life-saving help through to children and families, there has never been a more important time to sustain what we are achieving.**
_Preparing grain for distribution to individual families with small children in Abu Digeise_
page 2
## **KIDS FOR KIDS**
## **CHAIRMAN'S STATEMENT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Volunteers are the heart of Kids for Kids**
I have mentioned our wonderful volunteers in Darfur. **Adam Sebil** continues to lead the Kids for Kids Steering Committee. The support we have had for so long in Sudan from **Hatim Abu Sineina** as a volunteer has ensured our financial probity. His is one of the countless families who have been forced to flee Sudan. I am delighted that he has now joined our team officially although working at present from Saudi Arabia. Our Programme Manager **Hassan Mehisi** however is working from Cairo. It is a joy receiving his many emails bringing me news from our villages. Without the wonders of the internet Kids for Kids could not exist.
It is the same for our fundraising team! **Sage Woodruff** is someone you will all recognize as working for Kids for Kids for many years – first as a small child volunteering at school. Recently she has been living in Australia and I am grateful to her for stepping in to support our wonderful, hardworking, Deputy CEO, **Davina Patel** when our dear **Charlotte Allum** left for pastures new this Autumn. Charlotte is someone I very much value. She will be greatly missed.
Volunteers continue to ensure the successful running of our events, and indeed for all the hard work in getting our mailings into the post. The highlight of the latter are two to three days of chaos at my house as a dozen or more supporters gather to stuff envelopes, and catch up with the news! Feeding them all can be a challenge! Chief amongst the team are **Ann and Richard Lienard** who have been towers of strength during these difficult times, as I am to so many other wonderful friends. **Moira Fenwick** is once again handling the issuing of all the tickets for our Candlelit Christmas Concert - a job that needs a great deal of tact, not to mention IT skills – and I am very grateful to **Liz Rae** for a great deal of help in the office. She and her husband were part of our mailing team. David is a great loss to us all.
**Mary Jane Kupsky** in a volunteer par excellence. Despite overwhelming personal problems she has continued to look after all our supporters in America. Thankfully we now have two new volunteers who I so hope will take some of the burden from her, but I cannot imagine Kids for Kids without Mary Jane. Meanwhile in Australia **Lisa Chapman** has continued to raise awareness and I am hoping for great things in the new year from the other side of the globe!
As notified in last year’s accounts, we do now have outside financial advisors. Part of our reserve funds are invested with Rathbones and Tilneys investment firms. A disappointing initial return to our investments was a worry to me and as I reported last year, I am grateful to Patrick Doyle for providing us with an income of 5% on a loan. This was higher than either Rathbones or Tilneys (now Evelyn) were achieving. The loan to Patrick is now being repaid and will come to an end at the end of December this year.
## **Regular Support enables us to plan**
I am enormously grateful to those people who have recently become **Children’s Champions** . Their generosity over three years means I can plan with certainty. In these volatile times their support is more valuable than ever. I have increased the levels of support to include a lower entry level at £1,000 a year for the Greatest Need. This unrestricted fund enables me to provide support quickly wherever it is identified – especially enabling me to respond quickly for requests for emergency support.
Donating regularly, however small, creates certainty for families no one else remembers. I am indebted to every one of our regular donors. My responsibility now is to ensure the future of Kids for Kids. Our remarkable achievements over our first 24 years must not be lost. Every one of you who has donated a little goat, a donkey, or perhaps a mosquito net, has helped us to transform the lives of children. Now, more than ever, the future of Kids for Kids must be secured so that more children’s lives will be transformed – and families will be able to stay in their own homes.
Mrs P. M. Parker OBE **Chairman**
Date: 19 December 2024
page 3
## **KIDS FOR KIDS**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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**
## **Public benefit**
All charities in England and Wales must have charitable aims that are based on providing public benefit and comply with section 4 of the Charities Act 2011. The trustees have regard to the Charity Commission's guidance on public benefit.
## **Achievements and performance**
## **Financial review**
## **Reserves policy**
It is the policy of the charity to maintain sufficient reserves to ensure that the charity can sustain operations and fulfil commitments to projects and staff for the equivalent of a year, as far as possible in the volatile circumstances in Sudan at present. As insurance is not available for risks in Sudan, the trustees have allocated a further amount of reserves to cover such eventualities. The trustees have also made provision for high inflation in Sudan.
## **Structure, governance and management**
The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr F D N Campailla Mr P H Doyle Mr A King-Smith Mrs P M Parker OBE, Chairman Mrs E A Sutton Mr K M O Abulrahman Mr L Traxon Mrs K Jankel (Appointed 1 June 2023)
Trustees are recruited either as a result of personal recommendation and introduction or following advertisement of a vacancy. Potential trustees are asked to outline how they believe they can contribute to the charity's objectives and are interviewed by the Chairman and at least one other trustee. They are then invited to meet the other Trustees and to observe a Board meeting, prior to any appointment.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute a maximum of £10 in the event of a winding up.
## **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. They achieve this by regularly reviewing and updating the charity's risk matrix.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
page 4
## **KIDS FOR KIDS**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
The Trustees report was approved by the Board of Trustees.
Mrs P M Parker OBE, Chairman **Trustee**
Date: 19 December 2024
page 5
## **KIDS FOR KIDS**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF KIDS FOR KIDS**
I report to the trustees on my examination of the financial statements of Kids for Kids (the charity) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner'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 I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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 the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
- 4 the financial statements have not been prepared in accordance with the methods 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 the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
## **Darren Harding ACA FCCA DChA**
Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT
Dated: 19 December 2024
page 6
## **KIDS FOR KIDS**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**Current financial year**
**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2024**
**2024**
**2024**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations
**3**
449,571
-
61,857
Fundraising activities
**4**
36,044
-
-
Investments
**5**
30,791
-
-
**Total income**
516,406
-
61,857
**Expenditure on:**
Costs of generating voluntary income
**6**
88,166
-
-
Charitable activities
Project work in Sudan
**7**
174,757
-
-
**Total charitable expenditure**
174,757
-
-
**Total expenditure**
262,923
-
-
Net gains/(losses) on investments
**11**
(1,274)
15,637
-
**Net incoming resources before transfers**
252,209
15,637
61,857
Gross transfers between funds
(493,055)
493,055
-
**Net movement in funds**
(240,846)
508,692
61,857
Fund balances at 1 April 2023
513,019
1,015,609
31,600
**Fund balances at 31 March 2024**
272,173
1,524,301
93,457|**Total**
**2024**
**£**
511,428
36,044
30,791
578,263
88,166
174,757
174,757
262,923
14,363
329,703
-
329,703
1,560,228
1,889,931|**Total**
**2023**
**£**
442,999
67,029
17,812
527,840
56,705
143,277
143,277
199,982
(11,643)
316,215
-
316,215
1,244,013
1,560,228|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
page 7
## **KIDS FOR KIDS**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**Prior financial year**
**Unrestricted** **Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2023**
**2023**
**2023**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations
**3**
357,999
-
85,000
Fundraising activities
**4**
67,029
-
-
Investments
**5**
17,812
-
-
**Total income**
442,840
-
85,000
**Expenditure on:**
Costs of generating voluntary income
**6**
56,705
-
-
Charitable activities
Project work in Sudan
**7**
89,277
-
54,000
**Total charitable expenditure**
89,277
-
54,000
**Total expenditure**
145,982
-
54,000
Net gains/(losses) on investments
**11**
-
(11,643)
-
**Net incoming resources before transfers**
296,858
(11,643)
31,000
Gross transfers between funds
(157,589)
157,589
-
**Net movement in funds**
139,269
145,946
31,000
Fund balances at 1 April 2022
373,750
869,663
600
**Fund balances at 31 March 2023**
513,019
1,015,609
31,600|**Total**
**2023**
**£**
442,999
67,029
17,812
527,840
56,705
143,277
143,277
199,982
(11,643)
316,215
-
316,215
1,244,013
1,560,228|
|---|---|
page 8
## **KIDS FOR KIDS**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**13**
Investments
**14**
**Current assets**
Debtors
**15**
Investments
**16**
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
**17**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**18**
Unrestricted funds
Designated funds
**19**
General unrestricted funds|**2024**
**£**
47,723
300,000
1,043,754
1,391,477
(10,349)
1,524,301
272,173|**£**
111
508,692
508,803
1,381,128
1,889,931
93,457
1,796,474
1,889,931|**2023**
**£**
5,971
300,000
775,579
1,081,550
(8,844)
1,015,609
513,019|**£**
418
487,104|
|---|---|---|---|---|
|||||487,522
1,072,706|
|||||1,560,228|
|||||31,600
1,528,628|
|||||1,560,228|
page 9
## **KIDS FOR KIDS**
## **BALANCE SHEET (CONTINUED)**
## _**AS AT 31 MARCH 2024**_
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on .........................
..............................
Mrs P M Parker OBE, Chairman
**Trustee**
**Company registration number 04607292**
page 10
## **KIDS FOR KIDS**
## **STATEMENT OF CASH FLOWS**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**Notes**
**Cash flows from operating activities**
Cash generated from operations
**23**
**Investing activities**
Repayment of investment loans and receivables
Purchase of investments
Proceeds from disposal of investments
Investment income received
**Net cash generated from/(used in) investing**
**activities**
**Net cash used in financing activities**
**Net increase/(decrease) in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2024**
**£**
-
(274,189)
266,964
30,791|**£**
244,609
23,566
-
268,175
775,579
1,043,754|**2023**
**£**
(300,000)
(498,747)
-
17,812|**£**
219,321
(780,935)
-
(561,614)
1,337,193
775,579|
|---|---|---|---|---|
page 11
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **Charity information**
Kids for Kids is a private company limited by guarantee incorporated in England and Wales, company number 04607292, as well as a charity registered in England and Wales, charity number 1100045, and recognised in Sudan as a charitable foundation. The registered office is 1-7 Station Road, Crawley, West Sussex, RH10 1HT.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
The Charity maintains a general unrestricted fund that represents funds that are expendable at the discretion of the trustees in furtherance of the objects of the charity.
Designated funds are unrestricted funds held in the UK or in Sudan that have been earmarked for project expenditure in Sudan or to mitigate risks to the effective implementation of projects.
Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of these funds in accordance with the restrictions placed upon them.
There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above.
Any other proposed transfer between funds would be considered on their particular circumstances.
## **1.4 Income**
Donation income is recognised at the point the charity receives the income.
Fundraising income is recognised when the charity becomes legally entitled to the income and the event to which it relates has taken place.
Investment income is recognised as it is received.
page 12
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.5 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.
Costs of generating funds include office running costs, as well as administrative expenses and bookkeeping. They also include governance costs which are those costs associated with meeting the constitutional and statutory requirements of the charity.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries, as well as costs relating to the trustees' visits to monitor and evaluate the projects.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers 33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Items of less than £1,000 are not capitalised.
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **1.8 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.9 Cash and cash equivalents**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.10 Financial instruments**
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **1.11 Taxation**
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.
page 13
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.12 Employee benefits**
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
## **1.13 Retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **1.14 Foreign exchange**
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
## **1.15 Debtors**
Debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.
## **1.16 Creditors**
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably results in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due.
## **1.17 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Management has made assumptions and estimated depreciation rates in respect of showing a true and fair view of the assets at the balance sheet date.
Management has also made assumptions about the valuation of investments at market value, based on calculation by the investment fund manager. The investments held are all shares listed on a recognised stock exchange and have an easily identifiable market value
page 14
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **3 Donations**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2024**
**2024**
**£**
**£**
Donations
344,792
61,857
Gift aid
104,779
-
449,571
61,857|**Total**
Unrestricted
Restricted
funds
funds
general
**2024**
2023
2023
**£**
£
£
406,649
320,288
85,000
104,779
37,711
-
511,428
357,999
85,000|Total
2023
£
405,288
37,711|
|---|---|---|
|||442,999|
- **4 Fundraising activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**general**|**general**|
||**2024**|**2023**|
||**£**|**£**|
|Fundraising events and other activities|30,474|60,419|
|Social lotteries|5,570|6,610|
|Fundraising activities|36,044|67,029|
|**5**|**Investments**|||
|---|---|---|---|
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**general**|**general**|
|||**2024**|**2023**|
|||**£**|**£**|
||Interest receivable|30,791|17,812|
page 15
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **6 Costs of generating voluntary income**
|**7**|**Unrestricted**
Unrestricted
**funds**
funds
**general**
general
**2024**
2023
**£**
£
Fundraising and publicity
Social lotteries monthly prizes
3,000
3,230
Insurance
874
835
Staff costs
38,582
24,378
Staging fundraising events
45,320
27,909
Fundraising and publicity
87,776
56,352
Investment management
390
353
88,166
56,705
**Charitable activities**
**Project work**
**in Sudan**
**Project work**
**in Sudan**
**2024**
**2023**
**£**
**£**
Staff costs
115,745
73,133
Project work in Sudan
8,787
13,550
124,532
86,683
Share of support costs (see note 8)
46,085
53,114
Share of governance costs (see note 8)
4,140
3,480
174,757
143,277
**Analysis by fund**
Unrestricted funds - general
174,757
89,277
Restricted funds
-
54,000|**Unrestricted**
Unrestricted
**funds**
funds
**general**
general
**2024**
2023
**£**
£
Fundraising and publicity
Social lotteries monthly prizes
3,000
3,230
Insurance
874
835
Staff costs
38,582
24,378
Staging fundraising events
45,320
27,909
Fundraising and publicity
87,776
56,352
Investment management
390
353
88,166
56,705
**Charitable activities**
**Project work**
**in Sudan**
**Project work**
**in Sudan**
**2024**
**2023**
**£**
**£**
Staff costs
115,745
73,133
Project work in Sudan
8,787
13,550
124,532
86,683
Share of support costs (see note 8)
46,085
53,114
Share of governance costs (see note 8)
4,140
3,480
174,757
143,277
**Analysis by fund**
Unrestricted funds - general
174,757
89,277
Restricted funds
-
54,000|
|---|---|---|
|||86,683
53,114
3,480|
|||143,277|
|||89,277
54,000|
page 16
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **8 Support costs**
|**Support costs**
**Governance**
**costs**
**£**
**£**
Depreciation
307
-
General office expenses
29,775
-
Admin assistance
16,003
-
Independent Examiners fees
-
4,140
46,085
4,140
Analysed between
Charitable activities
46,085
4,140|**2024** **Support costs**
**Governance**
**costs**
**£**
**£**
**£**
307
307
-
29,775
36,496
-
16,003
16,311
-
4,140
-
3,480
50,225
53,114
3,480
50,225
53,114
3,480|**2023**
**£**
307
36,496
16,311
3,480|
|---|---|---|
|||56,594|
|||56,594|
Governance costs includes payments to the independent examiner of £4,140 (2023- £3,000) for independent examination fees.
## **9 Trustees**
No trustee has been paid for services as a trustee, but the C.E.O. who is also a trustee has been paid for her services as C.E.O. totalling £101,871 (2023: £97,511). Further details regarding this are included in note 11.
The trustee's salary has been split between cost of charitable activities and generating funds in a 3:1 ratio.
## **Trustees' expenses**
Expenses reimbursed to the CEO, who is also a trustee, totalled £18,807 (2022: £22,569) during the year.
Expenses charged to the charity by the trustees include costs relating to the trustees programme meetings to monitor and evaluate the projects, plus office expenses incurred by Mrs P. M. Parker OBE, who provides office space at her home as agreed by the Charity Commissioners in 2007 of £13,000. The cost has remained the same for 17 years at £13,000 (2023: £13,000). This has continued to save the charity from having to pay escalating commercial rates for office accommodation costs and services.
## **10 Employees**
The average monthly number of employees during the year was:
|The average monthly number of employees during the|year was:||
|---|---|---|
||**2024**|**2023**|
||**Number**|**Number**|
|CEO|1|1|
|Deputy CEO|1|-|
|Total|2|1|
page 17
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**10**
**Employees**
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**(Continued)**
**2024**
**2023**
**£**
**£**
142,091
83,275
12,236
10,777
-
3,459
154,327
97,511|**(Continued)**
**2024**
**2023**
**£**
**£**
142,091
83,275
12,236
10,777
-
3,459
154,327
97,511|
|---|---|---|
|||97,511|
The Trustees' resolution to pay Mrs P. M. Parker, the CEO, a salary (disclosed above and in note 10) was approved by the Charity Commission in 2007. The Trustees determined in October 2012 that replacing the current CEO with someone paid at full market rates would require the charity to pay a package of between £90,000 and £125,000 at that time, i.e. an average of £107,500 per year, plus an increase for inflation. The current CEO decided not to take the full rate of salary allocated by the Trustees for the CEO's pay, in effect equivalent to a donation to the charity of £50,000+ each year. She is also putting in working hours far beyond those expected of a normal salaried employee, without overtime payments, so the value to the charity of her contribution is significantly in excess of this amount. The Trustees set the CEO's level of salary annually to ensure this stays the same in real terms through an adjustment for inflation based on the government's official Consumer Price Index figures. The CEO has chosen not to take health insurance or other benefits from the charity. The Trustees have decided to pay the CEO a pension in accordance with government policy.
The Trustees wish to acknowledge the CEO's exceptional contribution to the charity. Her salary does not reflect the hours worked, both paid and voluntary, in her capacity as administrator, project designer, manager and the person principally responsible for raising awareness, global advocacy and fundraising worldwide.
Other than salary and related costs, other paid work during the year was carried out by a part-time bookkeeper and three part-time assistants. Fees are also paid for website maintenance and design, hosting and maintaining the database, and IT support.
## **Key management personnel**
The charity has one member of key management personnel. The total employment costs of key management personnel were £97,511.
The number of employees whose annual remuneration was more than £60,000 is as follows:
|follows:||||
|---|---|---|---|
|||**2024**|**2023**|
|||**Number**|**Number**|
|£80,001|- £90,000|1|1|
page 18
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **11 Net gains/(losses) on investments**
|**Unrestricted** **Unrestricted**
**funds**
**funds**
**general**
**designated**
**2024**
**2024**
**£**
**£**
Revaluation of investments
-
15,637
Gain/(loss) on sale of investments
(1,274)
-
(1,274)
15,637|**Total**
**Unrestricted**
**funds**
**designated**
**2024**
**2023**
**£**
**£**
15,637
(11,643)
(1,274)
-
14,363
(11,643)|
|---|---|
## **12 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **13 Tangible fixed assets**
|**Tangible fixed assets**||
|---|---|
||**Computers**|
||**£**|
|**Cost**||
|At 1 April 2023|2,121|
|At 31 March 2024|2,121|
|**Depreciation and impairment**||
|At 1 April 2023|1,703|
|Depreciation charged in the year|307|
|At 31 March 2024|2,010|
|**Carrying amount**||
|At 31 March 2024|111|
|At 31 March 2023|418|
page 19
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **14 Fixed asset investments**
||**Listed**|
|---|---|
||**investments**|
||**£**|
|**Cost or valuation**||
|At 1 April 2023|487,104|
|Additions|274,189|
|Valuation changes|15,637|
|Disposals|(268,238)|
|At 31 March 2024|508,692|
|**Carrying amount**||
|At 31 March 2024|508,692|
|At 31 March 2023|487,104|
|Historical Cost:||
|2024: £501,730||
|2023: £498,747||
Investments held at the year end which were valued at over 5% of the total portfolio market value were as follows: Rathbone Unit Trust Mgmt High Quality Bond S Dist: £251,793
Revaluation reserves of £6,963 (2023: -£11,643) are included within the designated funds.
|**15**
**Debtors**
**Amounts falling due within one year:**
Gift Aid Due
Prepayments and accrued income
**16**
**Current asset investments**
Loans|**2024**
**£**
47,167
556
47,723
**2024**
**£**
300,000|**2023**
**£**
5,971
-|
|---|---|---|
|||5,971|
|||**2023**
**£**
300,000|
During the prior financial year £300,000 was loaned to a trustee, to secure a better rate of return for the charity, for a period of 1 year at a rate of 5% interest per year, paid monthly. The loan is repayable to the charity on demand with a 60 day notice period, with guaranteed safeguards. The loan term was extended for a further year during the 2024 financial year.
page 20
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **17 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
|Other taxation and social security
Other creditors and accrued expenses including Sudan expenses|**2024**
**£**
3,781
6,568
10,349|**2023**
**£**
-
8,844|
|||8,844|
## **18 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Transfers**|**Balance at**|
||**1 April 2023**|**resources**|**expended**||**31 March 2024**|
||**£**|**£**|**£**|**£**|**£**|
|Animal Projects|-|24,166|-|-|24,166|
|Water Projects|31,000|7,443|-|-|38,443|
|Solar Lantern|600|-|-|(600)|-|
|Tree Project|-|648|-|-|648|
|Health Care|-|2,018|-|600|2,618|
|Mother and Child Future|-|695|-|-|695|
|Emergency Aid|-|26,887|-|-|26,887|
||31,600|61,857|-|-|93,457|
|||**Movement in funds**||||
||**Balance at**|**Incoming**|**Resources**|**Transfers**|**Balance at**|
||**1 April 2022**|**resources**|**expended**||**31 March 2023**|
||**£**|**£**|**£**|**£**|**£**|
|Water Projects|-|36,000|(5,000)|-|31,000|
|Solar Lantern|600|-|-|-|600|
|The Oso Foundation|-|25,000|(25,000)|-|-|
|Ben Cowley Fund|-|24,000|(24,000)|-|-|
||600|85,000|(54,000)|-|31,600|
page 21
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **18 Restricted funds**
## **(Continued)**
Animal Projects fund represents funds specifically donated for animal welfare, including the provision of paravets, veterinary drugs and animal husbandry training as well as goat and donkey loans and the provision of chickens for the frail and elderly and crossbred donkeys. The latter are used by the village midwives and first aid workers as they are faster and stronger, and to pull the water carts, general carts, donkey ambulances and school buses. The fund also includes the training of two paravets in each village we adopt plus the training of beneficiaries and the children who care for the goats after school, and a revolving veterinary drug fund in each village.
The Water Projects fund covers funds donated specifically for the purpose of providing water in, or close to, villages adopted by Kids For Kids. This fund includes handpumps donated by individuals and funds allocated to repairs of existing handpumps. Additional projects included in this fund are water tanks, water carts (pulled by the stronger crossbred donkeys) and jerry cans. The latter is now needed urgently by families who have virtually no income.
The Solar Lantern fund represents committed funds from individuals to be used to purchase Solar Lanterns for villages. Due to the current crisis in Sudan it has not been possible to use these funds as originally planned. Therefore, the funds have been transferred to a fund with a similar theme, the Health Care fund.
The Internally Displaced Persons fund is allocated to providing the basic essentials for families who have moved to Kids For Kids villages and settled permanently, with the permission of the villages leaders and community, to assist them to settle and improve their standard of living. Additional to the basic essentials we will also aim to provide all these families with goats and a donkey. This year we are funding two villages to which IDPs have moved. There was virtually no infrastructure or items provided for individual families. We are therefore increasing our projects to include kitchen utensils, more farming equipment and other essentials.
The Tree Project fund represents funds provided to plant tree seedlings of 14 different species of drought resistant trees in community forests (green belts) in a five year project plus the rehabilitation of two existing community forests and the planting of individual trees by our buildings in villages, plus fruit trees by individual houses (huts).
The Oso Foundation increased the donation they have made to us in other years to £25,000 this year. This enabled us to adopt a village providing it with all of our projects. This is a two year project so the donation is spread across 2022/2023.
The donation by Ben Cowley is a donation which has been matched by his employers to bring it up to sufficient for him to also adopt a village. See above. This donation was made through Global Giving, via Benevity.
Restricted Funds also include projects supported by Children’s Champions.
The Health Care fund is allocated towards the training of Midwives. This entails 14 months of training in basic hygiene, ante and post-natal care, infant care, immunization, nutrition, and anti-FGM for village midwives. All our midwives also receive a midwifery kit, a strong cross-bred donkey, a Solar Lantern, a pair of leather sandals, and a mobile phone. Due to continued violence all training has however been delayed. It is not expected to resume until there is security.
The Mother and Child Future fund is allocated towards providing women with Goat Loans, Donkeys loans and training of Midwives and Paravets Goat Loans mean women can sell milk, yogurt, and male kid goats. This is their first income everallowing them to make their own decisions and ensure a better future for themselves and their children.
The Emergency Fund is allocated to providing villagers with emergency provision as well as responding to the Greatest Need. This critical assistance comes in the form of emergency seeds, repair kits for handpumps, jerry cans, basic food items, veterinary drugs, medical care and other items in desperate need. We are also launching a Kids Kitchen Kit Fund which will provide essential protein, minerals and vitamins to supplement the diets of the smallest children.
page 22
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **19 Designated funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
|**Balance at**
**1 April 2022**
**£**
Project fund
615,663
Contingency
and Insurance
fund
100,000
Sudan Rapid
Response Fund
154,000
Investment
Fund
-
869,663|**Transfers**
**Revaluations,**
**gains and losses**
**Balance at**
**1 April 2023**
**£**
**£**
**£**
(437,158)
-
178,506
-
-
100,000
96,000
-
250,000
498,747
(11,643)
487,104
157,589
(11,643)
1,015,610|**Transfers**
**Revaluations,**
**gains and losses**
**Balance at**
**31 March 2024**
**£**
**£**
**£**
487,103
-
665,609
-
-
100,000
-
-
250,000
5,951
15,637
508,692
493,054
15,637
1,524,301|**Transfers**
**Revaluations,**
**gains and losses**
**Balance at**
**31 March 2024**
**£**
**£**
**£**
487,103
-
665,609
-
-
100,000
-
-
250,000
5,951
15,637
508,692
493,054
15,637
1,524,301|
|---|---|---|---|
||||1,524,301|
The trustees have set aside a designated fund to take account of plans for project commitments (allocated or committed) - the 'Project Fund'. This also includes provision for emergencies and unplanned projects that may arise during the year ahead, as well as a provision for high and volatile inflation. The balance in the fund at the end of the year is their best estimate of the moral and legal commitments to such projects in the future, subject to what happens on the ground. The amount in the fund represents the committed funds as shown in note 23 less what is being held in investments.
The designated ‘Contingency Fund' has been set aside to cover the absence of insurance and moral responsibility for staff safety in Darfur; sustainability of operations and staffing. This is in addition to the unrestricted reserves held to cover a year of potential costs and obligations to support sustainability of operations and staffing, as per the Trustee’s reserves policy.
The Investment Fund has been designated to provide the charity with a regular income source which will be used to pursue it's charitable objectives.
The Emergency Rapid Response fund has been set aside to enable to charity to react to emergencies in Sudan should be need arise.
page 23
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**20**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
Fund balances at 31 March 2024 are represented by:
Tangible assets
111
-
-
Investments
-
508,692
-
Current assets/(liabilities)
272,062
1,015,609
93,457
272,173
1,524,301
93,457
Unrestricted
funds
Designated
funds
Restricted
funds
2023
2023
2023
£
£
£
Fund balances at 31 March 2022 are represented by:
Tangible assets
418
-
-
Investments
-
487,104
-
Current assets/(liabilities)
512,601
528,505
31,600
513,019
1,015,609
31,600|**Total**
**2024**
**£**
111
508,692
1,381,128|
|---|---|
||1,889,931|
||Total
2023
£
418
487,104
1,072,706|
||1,560,228|
## **21 Related party transactions**
During the prior year, the charity made a loan of £300,000 to one of the trustees, details of which are disclosed in note 16.
page 24
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**22**|**Additional funds allocated for on project activity**||
|---|---|---|
||**Funds committed to on project activity in 2021/22 not yet completed**|**Financial Year**|
|||**2021/22**|
|||**£**|
||Administration Darfur|64,986|
||Animal Project|9,760|
||Health|29,575|
||Training|38,997|
||Water Project|8,450|
||Education|46,813|
|||198,581|
||**Funds committed to on project activity in 2022/23 not yet completed**|**Financial Year**|
|||**2022/23**|
|||£|
||Administration Darfur|11,622|
||Forestry Project|5,000|
||Health|80,000|
||Sustainability Projects|125,000|
||Water Project|102,000|
||Education|50,000|
||Inflation Risk|93,406|
|||467,028|
||||
||Total committed funds to on project activity|665,609|
Total committed funds to on project activity
The actual amount spent on projects in Sudan this financial year has been affected by various factors outside the control of the charity and is as stated under charitable activities costs on the Statement of Finanical Activities. Much of these allocated funds have therefore been carried over to the current year.
page 25
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**23**
**Cash generated from operations**
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Loss on disposal of investments
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**Cash generated from operations**
**24**
**Analysis of changes in net funds**
The charity had no debt during the year.|**2024**
**2023**
**£**
**£**
329,703
316,215
(30,791)
(17,812)
1,274
-
(15,637)
11,643
307
307
(41,752)
24,623
1,505
(115,655)
244,609
219,321|
|---|---|
## **25 Charitable company constitution**
Kids For Kids is a company limited by guarantee. The maximum contribution, in the event of a winding up, is £10 per director/member.
page 26
## **KIDS FOR KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **26 Detailed statement of financial activities**
|**INCOME**
**Donations**
Donations
Gift Aid
**Fundraising activities**
Fundraising events and other activities
Social lotteries
**Investments**
Interest receivable
**Total incoming resources**
**EXPENDITURE**
**Costs of generating voluntary income**
Social lotteries monthly prizes
Insurance
Staff costs
Staging fundraising events
Investment management
**Charitable activities**
Project work in Sudan
**Support costs**
Deprecation
General office expenses
Admin assistance
**Goverenance costs**
Independent examiners fees
Trustee expenses
**Total resources expended**
**Net gains/(losses) on investments**
**Net (expenditure)/income**|**2024**
**£**
406,649
104,779
511,428
30,474
5,570
36,044
30,791
30,791
578,263
3,000
874
38,582
45,320
390
88,166
124,532
124,532
307
29,775
16,003
46,085
4,140
-
4,140
262,923
14,363
329,703|**2023**
**£**
405,288
37,711
442,999
60,419
6,610
67,029
17,812
17,812
527,840
3,230
835
24,378
27,909
353
56,705
86,683
86,683
307
36,496
16,311
53,113
3,480
-
3,480
199,981
(11,643)
316,215|
|---|---|---|
page 27