REGISTERED COMPANY NUMBER: 05(K)2948 (England and Wales) REGISTERED CHARITY NUMBER: 1103477 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 KDC NORTH WEST Butterworth Barlow Chartered Accountants Butterworth Barlow House 10 Derby Street Prescot Liverpool Merseyside L34 3LG
KDC NORTH WEST Contents of the Financial Statements for the Year Ended 31 March 2025 Page Reference and Administrative Details Report of the Trustees 2 to 11 Independent Examiner's Report 12 Statement of Financial Activities 13 Balance Sheet 14 to 15 Cash Flow Statement 16 Notes to the Cash Flow Statement 17 Notes to the Financial Statements 18 to 27 Detailed Statement of Financial Activities 28 to 29
KDC NORTH WEST Reference and Administrative Details for the Year Ended 31 March 2025 TRUSTEES Patricia Clewett Andrew Dunbar Amanda Felstead Steven Harding Hilary Laidler Alma Lunt Richard Murphy Joanne Parke5-Newton Stacia Petersen Nicola Pheasant Irina Rodkina Pamela Spall COMPANY SECRETARY Johanne R055 REGISTERED OFFICE 263A Tarbock Road Huyton Knowsley L36 OSD REGISTERED COMPANY NUMBER 05(X)2948 (England and Wales) REGISTERED CHARITY NUMBER 1103477 INDEPENDENT EXAMINER Butterworth Barlow Chartered Accountants Butterworth Barlow House 10 Derby Street Prescot Liverpool Merseyside L34 3LG Page I
KDC NORTH WEST Report of the Trustees for the Year Ended 31 March 2025 The trustees, who are directors of the Charity for the purposes of the Companies Act 2006, present their report together with financial statements for the year ended 31 March 2025. THE BOARD OF TRUSTEES On 28 June 2024 the Board of Trustees considered a proposal and resolved unanimously to change the name of the charity to KDC North West to better represent the Charity's geographical reach, service delivery and open up possible avenues of revenue for sustainability. The change in name wa5 completed on 12 December 2024. The Directors of KDC North West are also Trustees and Members of the Charity for the purposes of charity law and throughout this report are collectively referred to as the Board of Trustees. The Board of Trustees is the administrative and governing body and meets every three months to ensure that the Charity is performing well, is solvent, and complies with all of its obligation5. The Board of Trustees currently consi5t5 of twelve Trustees and the quorum is three Trustees. The Risk and Re50urce5 Committee is a sub-committee of the Board of Trustees and meet5 at least three times a year to consider matters of financial performance and control including budgets, forecasts, cash flow and reserves,. matters relating to human resources including staff remuneration. terms and conditions, policy and having an overview of risk for the organisation. Trustees have overall control and responsibility for policy and major decision making with day-to-day management and responsibility for implementing policies delegated to the Chief Executive Officer. The membership of the Board of Trustees is set out on page l. All Trustees served throughout the year unless otherwise stated. Election and re-election of Trustees is carried out by approval of the Board of Trustees. At the annual general meeting one-third of the trustees who are subject to retirement by rotation or, if their number is not three or a multiple of three, the number nearest to one third shall retire from office,. but, if there is only one trustee who is subject to retirement by rotation, he/she will retire. The trustees to retire by rotstion will be those who have been longest in office since their last appointment or reappointment. The Charity seeks to appoint a Board of Trustees which has a mix of specialist knowledge, skills and attributes relevant to the Charity's work. This includes ensurinE that those directly affected by disability issues as disabled people are among the Trustees. Nomination for Trustees may come from a variety of Sour5. including open advertisement. Prior to being elected, nominees are invited to a meeting of the Board of Trustees and to visit the Charity's premises to meet the Chief Executive Officer and staff. Once appointed, Trustees are given a full induction to the Charity. This includes information and guidance on the roles and responsibilities of being a Trustee and subsequently they are offered continuous development and training opportunities. Trustees are encouraged to attend staff team meetings and other events from time to time. Trustee indemnity insurance is provided via executive and professional liability cover under an insurance policy which is reviewed and renewed annually. Membershi of a wider network The Charity recognises the importance of partnership working in ensuring the successful achievement of its objectives and as such, continues to work closely with other organisations in Know51ey from both the Statutory and third sectors, including.. o Knowsley MBC Page 2
KDC NORTH WEST Report of the Trustees for the Year Ended 31 March 2025 o Knowsley Better Together Partnership o Knowsley Carers Centre o Knowsley Parent Carers Voice o Healthwatch Knowsley o One Knowsley o Knowsley Older People's Voice o Knowsley Chamber of Commerce o Vola The CEO and staff members have places on a variety of strategic partnership boards and engagement forums linked to whole life health and wellbeing services and attend a number of other groups and committees associated with KDC North West's community of interest. The CEO is a member of the Health and Wellbeing Engagement Forum. the VCFSE networking forum and the VCFSE LCR Assembly (voluntary Sector Partnership for Liverpool City Region}. Page 3
KDC NORTH WEST Report of the Trustees for the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES Objective5 and airns Aims KDC North West has been established for general charitable purposes within the meaning of English Law. Its charitable aims are set out in its Memorandum of Association and are: To relieve the needs of disabled people, their families and carers principally within the Metropolitan Borough of Knowsley and surrounding areas ("the area of benefit") by any charitable means and in particular by: lil providing education services {iil providing advisory and support services In delivering its aims, the Charity's key objective 15 to ensure that disabled people do not suffer through ignorance of their rights and responsibilities or an inability to express their needs effectively. The Charity has identified and published statements that define its Vision and Mission and describe the way in which it operates through a set of values which are regularly reviewed and to which all staff and volunteers sign up. They are.. Wision: To see communities where all people are included, live independently and are valued as equal citizens. Mission: To provide high quality, innovative services that support disabled people to exercise their rights, have choice, control and achieve independence. Values: Our values describe 'the way we do things around here, and are described as follows= o People first- We treat everyone with kindne55. empathy and respect o Responsive - We deliver services that meet our customers, needs o Innovative - We strive to improve through innovation, technology and processes o Teamwork- We support each other. grow and learn together and have fun o Passion - We strive for excellence and always go the extra mile Ob ectives The charitable aims are principally achieved through the delivery of activities under four key seiCe areas= l. Provision of, and accessibility to. information. advice. practical help and support for local people with disabilities. those living with long-term conditions and any resident facing issues and/or struggling to deal with problems that have an adverse effect on their lives. 2. Provision of information, advice and support services to enable people in receipt of social care services to exercise choice and control by accessing the Local Authority's Direct Payments scheme to self-direct their care and support. Page 4
KDC NORTH WEST Report of the Trustees for the Year Ended 31 March 2025 3. Provision of community education programmes to enable disabled people to improve skills. fulfil their potential, and live more independently. 4. Provision of developmental and engagement activities for people with learning disabilities to Speak up, have their voices heard and support each other to overcome barriers faced in order to have choice, control and independence and play a full role in society. The Charity has a key overriding objective, which is- 'to ensure that disabled people do not suffer through ignorance of their rights and responsibilities or an inability to express their needs effectively,. In addition, the Charity is committed to helping people secure services which meet the twelve basic rights to enable them to live independently and fully participate in society- They are= l. Full access to our environment 2. A fully accessible transport system 3. Technical Aids - Equipment 4. Accessible/adapted housing 5. Personal-Assistance IPA) 6. Inclusive education and training 7. An adequate income 8. Equal opportunities for employment 9. Appropriate and accessible information 10. Advocacy (towards self-advocacyl 11. Counselling 12. Appropriate and accessible heath care provision Values and Ethos The ethos of the Charity is one of equality for disabled people and is based on the Social Model of Disability. In delivering its objectives, the Charity embraces the principles of access. participation and coproduction by encouraging more people to become actively involved in local group5 and projerts and influencing the development of services. All services and activities aim to be open and accessible to everyone who wishes to take part. Page 5
KDC NORTH WEST Report of the Trustees for the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES PUBLIC BENEFIT The Charity's aims, objectives and activities are reviewed each year as part of the business planning process. The review concluded that in performing all of its activities in accordance with the objectives for the year, and with due regard to the published Charity Commission guidance on the operation of the Public Benefit requirement of the Charities Act 2006 including guidance on fee charging and accessibility. the Charity has undertaken appropriate activities in furtherance of those aims for the public benefit, as demonstrated within this report. The particular public benefit that is provided by the Charity continue5 to be derived from the various activities delivered, summarised as follows.. o Disabled people are empowered and enabled to participate more fully in mainstream society o Disabled people are able to access Knowsley's Direct Payments scheme and have access to the necessary advice and information they need in order to make decisions 35 well 35 having an understanding and awarenes5 of their legal responsibilities o Disabled people are assisted to plan and organi5e their own 5UPPOrt service5, ensuring that their need5 are fully met o Vulnerable groups of people who can often be at risk of being socially excluded have equal access to information. advice and support services. Page 6
KDC NORTH WEST Report of the Trustees for the Year Ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE KDC North West achieves its objectives through the delivery of a range of services designed to meet the individual needs of local residents and improve their independence and quality of life. in particular through accessing direct payments- information and advice services; and education and learning to develop skills and deal with problems that have an adverse effert on their lives. Delivery of a Direct Payments Support Service under a Service Level Agreement contracted by Knowsley Council since 2002 as their single provider. The service incorporates the offer of support. guidance and training, including a free to use online PA finder facility - KDC Connections for people using direct payments to recruit and employ sultable personal assistants to deliver care and support to meet their needs. Provision of a Direct Payments Managed Accounts Service. tailored to meet the needs of individuals who are otherwise unable to access the scheme. Delivery of A Good Life service. a project led by KDC North West in partnership with three local community organisations. working together to help people in Knowsley facing challenges in their lives by organising interventions to deal with the immediate issue and build knowledge skills and resilience for the future. Provision of an Appointeeship Service designed to support vulnerable people by claiming their full benefit entitlement and looking after their day-to-day finances. Provision of a general information. signpostin& advocacy and advice telephone helpline and publication of newsletters, leaflets (including easy-read versions) and a website to enable disabled people and those living with long term conditions, as well as the general public, to access information relevant to their needs. Facilitation of the BIG Group, a community of adults with learning disabilities enabling people to debate issues and concerns, learn about change, share opinions, influence policy and decisions, take part in projects, coproduction and surveys, and generally to speak-up as self-advocates to represent the opinions of the wider constituency of people with learning disabilities in Knowslev. Delivery, in partnership with VOLA. of The Progress Partnership inclusive employment and skills programme aimed at those furthest away from the job market. The continued emphasis on increasing empowerment and helping our community of interest to have a stronger, collective voice, ensures that people who use services play a greater role in influencing future service provision. Coproduction has become, and shall remain. an important aspect of the way in which KDC North West develops its service offer for local people. In addition to the above, the Charity's trading subsidiary. KDC (Commerciall Limited, delivered a payroll service for people who use their direct payrnents to employ personal care assistants to provide care and support in their own home5. Deliver of Strate ic Priorities and Ob'ectives Set out below are the priorities of the Charity and a summary of its progress in achieving them- Direct Payments Support and Managed Accounts Services- Strategic priorities l More people in Knowsley benefit from excellent support services that enable them to self-direct their support seiceS successfully Page 7
KDC NORTH WEST Report of the Trustees for the Year Ended 31 March 2025 2 Individuals using direct payments have improved choice and control through improved availability and access to suitable PAS 3 More people across Merseyside have access to good support to use direct payments for personal health budgets 4 More people who use personal budgets outside of the Knowsley/Liverpool area benefit from KDC North West's managed accounts services Learning Disabilitles Services- Strategic priorities I Support people with learning disabilities in Knowsley to reach their full potential 2 Improve the quality of life of people with a learning disability in Knowsley 3 Improve health and wellbeing of people with learning disabilities in Knowsley A Good Life KDC North West's 'A Good Life, project. launched in February 2020 enabled the charity to broaden its target market by offering support for any resident in Knowsley experiencing challenges and barriers preventing them from having 'a good life,. The service, delivered through a partnership with three local providers, led by KDC North West, helped people deal with the immediate issue and worked with them to develop their ability to cope better, become more resilient, and rely less on statutory services. Tradlng subsidiary- KDC (Commerciall Limited The strategic objective associated with services provided by the Charity's subsidiary, KDC Icommerciall Limited, which trades under the brand name of Your Payroll. was to provide an additional income stream for the Charity to dilute the risk attached to grant funding. Overall, the service did not experience any significant grovrth with Direct Payment customers and commercial clients being mostly stable during the year. The payroll service continues to be a challenging and highly competitive service sector with low margins. Employees and volunteers KDC North West operates a policy of equal opportunities, diversity and inclusion, regardless of gender, race, ethnic origin, disability, sexual orientation, age, nationality, national origin, religion. belief, marital status. social cla55 or any other individual characteristic and opposes all forms of unlawful and unfair discrimination. The Charity continues to value its status as an equal opportunities employer and is recognised as such through its commitment to the Disability Confident Employer recognition scheme. At 31 March 2025, the Charity employed 13 members of staff. Of the 13 staff. 7 work full-time135 hours per weekl and 6 work part-time Ibetween 4 and 30 hours per weekl. KDC (Commercial) Limited employed 5 members of staff. Of the 5 staff, 4 work full-time135 hours per weekl and I works part time. The Charity is committed to providing appropriate training and development opportunities for all employees and volunteers, identified and monitored on an individual ba51S through it5 supervision and appraisal system5. Employees and volunteers are encouraged to participate attively in the running of the Charity via project, team and special-interest meetings. Page 8
KDC NORTH WEST Report of the Trustees for the Year Ended 31 March 2025 FINANCIAL REVIEW Financial Review The Board of Trustees is satisfied with the overall performance of the charity during the year and at 31 March 2025. The Statement of Financial Activities shows incoming resources of £729.98212024.. £785.5371 and outgoing resources of £683,104.12024: £747,870) for the year ended 31 March 2025, resulting in an in-year surplus of £46,878112024: £37,6671. The total reserves held by the Charity at 31 March 2025 amounted to £345,517 of which restricted funds totalled £15,675. Therefore, unrestricted reserves amounted to £329,842 compared with £277,125 as at 31 March 2024. Principal funding sources During the period, the Charity derived 19%12024: 15%) of its income from contracts with the Local Authority for the provision of services and 33%12024.. 44%) comprised grants and donations received. Earned income from primary purpose trading made up a further 36%12024- 34Yo) and the Charity's trading subsidiary donations, made up 8Yo12024.. 1%} and totalled £47,212 12024.. £11.670I of its current year profits, in the form of gift aid. Investrnent policy and objectives Under its Memorandum and Articles of Association. the Charity has the power to make any investments which the Trustees deem appropriate; however, funds available to the Charity for investment are insufficient to warrant a formal and comprehensive investment strategy. In June 2020, Trustees approved an Investment Policy setting out the key objective as 'The Charity seeks to produce the best financial return within an acceptable level of risk. As the assets are expected to be spent over the next three years, capital preservation is of paramount importance,. Reserves policy It is the Charity's policy to hold free reserves in its unrestricted funds in order to establish an appropriate level of working capital and to protect the future operations of the Charity from the effects of any unforeseen variations in its income streams as part of the policy of good financial management practice. The Trustee5 have set a reserves policy which requires free reserves to be maintained at a level which can ensure that KDC North West's core charitable objectives can continue to be delivered even during a period of unforeseen difficulty. The calculation of the required level of reserves is an integral part of the organisation's planning, budget and forecast cycle. It takes into account: o The resources required to manage and adjust staffing levels across the charity and its trading subsidiary o The resources required to fulfil existing contracts, leases and other obligations and commitment5. Based on these principles, the required target level of free reserves for the Charity at 31 March 2025 has been calculated as £257,500. At 31 March 2025, the level of accumulated unrestricted reserves stood at £329.842. Page 9
KDC NORTH WEST Report of the Trustees for the Year Ended 31 March 2025 FUTURE PLANS Strategic priorities are developed through meetings between trustees and staff with input from people who use our services to ensure that we continue to respond to the needs of our community. There is a continued emphasis on increasing empowerment and helping our community of interest to have a stronger, collective voice to ensure that people who use services play a key role in influencing future service provision. Coproduction has become. and will remain, an important aspect of the way in which KDC North West develops its service offer for local people. Following a staff and trustee 2024-27 Business Planning workshop, three overarching Strategic Priorities have been identified which provide a framework for the development of operational objectives and detailed action plans for the next 215 years. These are.. l Retain and protect existlng services, through development and improvement initiatives to preserve market position, including: o Maintaining a blended offer for community education programmes and activities for adults with learning disabilities o Streamlining of on-boarding processes through digital, on-line, sign-up o Securing Autism-Friendly accreditation o Design and delivery of new Direct Payments promotion and awareness raising campaign across Knowsley and beyond, building on previou5 promotion campaign o Expand and improve information through increasing social media activity and visual/video materials. 2 Expand the range of service by type, targeting need as well as income generation, including: o Sell community education programmes and artivities for adults with learning disabilities o Expand appointee service across Liverpool City Region. 3 Expand in scale and geographically - increasing take up of services in Knowsley and neighbouring areas as well as further afield, where viable, including: o Increase take up of Managed Accounts Service in Liverpool and Greater Manchester. Delivery of the strategic priorities is ensured throuEh the identification of operational objectives and key activities for each team and every individual member of staff. performance against which. is measured through regular supervision and annual appraisals, which include the identification of personal development and training needs. The Trustees believe that the Charity has the financial strength. management capacity and overall skills and expertise to pursue its objectives for the coming year, progress towards achievement of which, will be monitored regularly at the Board meetings. STRucfuRE. GOVERNANCE AND MANAGEMENT Governing document KDC North West is a registered charity and a limited company, limited by guarantee, as defined by the Companies Act 2006. The company was formed on 23 December 2(K13 and is governed by a Memorandum and Articles of Association which were last amended in February 2010. Approved by order of the board of trustees on 14 October 2025 and signed on its behalf by= Page 10
KDC NORTH WEST Report of the Trustees forthe Year Ended 31 March 2025 Steven Harding - Trustee Page 11
Independent Examiner's Report to the Trustees of KDC North West Independent examiner's report to the trustees of KDC North West ('the Company.) I report to the charity trustees on my examination of the accounts ofthe Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company {and also its dirertors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Att 20061'the 2006 Act'l. Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Art'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the 2011 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 l am qualified to undertake the examination because l 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 matter5 have come to my attention in connection with the examination giving me cause to believe= accounting records were not kept in respect of the Company as required by Section 386 ofthe 2006 Art,. or the accounts do not accord with those records- or the accounts 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 the accounts 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 IFRS 10211. I have no concerns and have come across no other matters in connertion 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. rwof Gavin Butterworth, F.C.A. Butterworth Barlow Chartered Accountants Butterworth Barlow House 10 Derby Street Prescot Liverpool Merseyside L34 3LG 14 October 2025 Page 12
KDC NORTH WEST Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 Total fund5 31.3.24 Total fund5 Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 102,136 102.136 12,332 Charitable activities Services provided Funded activities 408,639 408,639 207.129 419,575 341,993 207.129 Investment income 12.078 12.078 11,637 Total 522.853 207,129 729,982 785,537 EXPENDITURE ON Charitable activities Services provided Funded activities 480.391 480.391 202.713 477,612 270,258 202.713 Total 480.391 202.713 683.104 747,870 NET INCOME Transfers between funds 42.462 10.255 4.416 {10.2551 46.878 37,667 15 Net movement in funds 52,717 {5,8391 46,878 37,667 RECONCILIATION OF FUNDS Total funds brought forward 277.125 21.514 298.639 260,972 TOTAL FUNDS CARRIED FORWARD 329.842 15.675 345.517 298,639 The notes form part of these financial statements Page 13
KDC NORTH WEST Balance Sheet 31 March 2025 31.3.25 Total fund5 31.3.24 Total fund5 Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets Investments li 12 12.014 60 12.014 60 712 60 12,074 12,074 772 CURRENT ASSETS Debtors Cash at bank and in hand 13 174.024 269.433 25.652 27.458 199.676 296.891 71,169 336,766 443.457 53.110 496.567 407,935 CREDITORS Amounts falling due within one year 14 1125.6891 {37.4351 1163.1241 1110,0681 NET CURRENT ASSETS 317,768 15,675 333,443 297,867 TOTAL ASSETS LESS CURRENT LIABILITIES 329.842 15.675 345.517 298,639 NET ASSETS 329.842 15.675 345.517 298,639 FUNDS Unrestrirted funds Restricted funds 15 329,842 15,675 277,125 21,514 TOTAL FUNDS 345,517 298,639 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2(K16. The trustees acknowledge their responsibilities for lal ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable company. Ibl The notes form part of these financial statements Page 14 continued...
KDC NORTH WEST Balance Sheet - continued 31 March 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 14 October 2025 and were signed on its behalf by: Nicola Pheasant - Trustee The notes form part of these financial statements Page IS
KDC NORTH WEST Cash Flow Statement for the Year Ended 31 March 2025 31.3.25 31.3.24 Notes Cash flows from operating activities Cash generated from operations 138,7871 143,342 Net cash (used inl/provided by operating activities 138,7871 143,342 Cash flows from investing artivities Purchase of tangible fixed assets Interest received 113,1661 12,078 14801 11,637 Net cash (used in}/provided by investing activities 11,0881 11,157 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 139,8751 154,499 336,766 182,267 Cash and cash equivalents at the end of the reporting period 296,891 336,766 The notes form part of these financial statements Page 16
KDC NORTH WEST Notes to the Cash Flow Statement for the Year Ended 31 March 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Ilncreasel/decrease in debtors Increase in creditors 46,878 37,667 1,864 112,0781 1128,5071 53,056 859 111,6371 30,079 86,374 Net cash {used in)/provided by operations 138,7871 143,342 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank and in hand 336.766 139,8751 296,891 336,766 139,8751 296,891 Total 336,766 139,8751 296,891 The notes form part of these financial statements Page 17
KDC NORTH WEST Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Bas15 of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 '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 IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical c05t convention, with the exception of investments which are included at market value. Preparation of consolidated financial statements The financial statements contain information about KDC North West as an individual company and do not contain consolidated financial information as the parent of a group. The charity 15 exempt under Section 39912AI of the Companies Act 2006 from the requirements to prepare consolidated financial statements. Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied= Voluntary income is received by way of grants and donations and is included in full in the Statement of Financial Attivities ISOFAI when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant. Investment income is included when receivable. Contract income is recognised when the contractual obligations have been fulfilled. Where the contract 15 Still in progress, income is recognised to the extent that it has been earned. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or construrtive 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. Allocation and apportionment of costs Support and governance c05t5 relate to functions that a5515t the work of the charity but do not directly undertake charitable activities. These costs include back office costs. finance. personnel, payroll and governance costs which support the charity's activities. These costs have been allocated between the charitable activities based on the number of employees working within each area. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Office equipment 25% on cost Page 18 continued...
KDC NORTH WEST Notes to the Financial Statements- continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES- continued Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objertives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restriction5 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. Hlre purchase and leasing commftments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Gift aid Gift Aid donations from the trading subsidiary are recognised when the charity has entitlement, the value is measurable and the receipt is probable. The charity has a deed of covenant in place with the trading subsidiary which confirms that a legal obligation to make donations to the charity exists on the part of the company. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations Gift aid 10,922 91,214 846 11,486 102,136 12,332 INVESTMENT INCOME 31.3.25 31.3.24 Deposit account interest 12,078 11,637 Page 19 continued...
KDC NORTH WEST Notes to the Financial Statements- continued for the Year Ended 31 March 2025 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activity Services provided Services provided Services provided Services provided Funded artivities Funded activities Funded activities Managed accounts service Direct payments support Other income Management charges National lottery grant TWO Grant Other grants 218,835 118,592 47,212 24,0(X) 129,669 264,281 119,624 11,670 24,000 126,923 111,376 103,694 77,460 615,768 761,568 CHARITABLE A1VITIEs COSTS Support costs (see note 61 Direct Costs Totals Services provided Funded activities 68,922 89.685 411,469 113,028 480,391 202,713 158,607 524,497 683,104 SUPPORT COSTS Information technology Management Finance Services provided Funded activities 370,856 113,028 439 12,308 483,884 439 12,308 Human resources Governance costs Other Totals Services provided Funded activities 4.941 1.864 21,061 411,469 113,028 4.941 1,864 21,061 524,497 Page 20 continued...
KDC NORTH WEST Notes to the Financial Statements- continued for the Year Ended 31 March 2025 NET INCOMEI{EXPENDITUREI Net incomellexpenditurel is Stated after chargingjlcrediting): 31.3.25 31.3.24 Depreciation- owned assets Other operating leases 1,864 2,064 859 2,089 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2025 norfor the year ended 31 March 2024. The charity trustees were not paid and did not receive any other benefits from employment with the charity in the current or previous year. Travelling and other reimbursed expenses amounting to £nil 12023= £nill were paid to trustees during the year. STAFF COSTS 31.3.25 31.3.24 Wages and salarie5 441,323 502,893 441,323 502,893 The average monthly number of employees duringthe year was as follows: 31.3.25 17 31.3.24 17 Engaged in charitable activities Engaged in management and administration 21 22 No employees received emoluments in excess of £60.000. Page 21 continued...
KDC NORTH WEST Notes to the Financial Statements- continued for the Year Ended 31 March 2025 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 12.332 12,332 Charitable activities Service5 provided Funded activities 419.575 54.000 419,575 341,993 287.993 Investment income 11.637 11,637 Total 497.544 287.993 785,537 EXPENDITURE ON Charitable activities Services provided Funded activities 477.612 477,612 270,258 270,258 Total 477.612 270.258 747,870 NET INCOME Transfers between funds 19,932 40.509 17,735 {40,5091 37,667 Net movement in funds 60.441 122,7741 37,667 RECONCILIATION OF FUNDS Total funds brought forward 216.684 44.288 260,972 TOTAL FUNDS CARRIED FORWARD 277.125 21,514 298,639 Page 22 continued...
KDC NORTH WEST Notes to the Financial Statements- continued for the Year Ended 31 March 2025 ii. TANGIBLE FIXED ASSErs Office equipment COST At l April 2024 Additions 46,293 13,166 At 31 March 2025 59,459 DEPRECIATION At l April 2024 Charge for year 45,581 1,864 At 31 March 2025 47,445 NET BOOK VALUE At 31 March 2025 12,014 At 31 March 2024 712 12. FIXED ASSET INVESTMENTS Shares in group undertakings MARKETVALUE At l April 2024 and 31 March 2025 60 NET BOOK VALUE At 31 March 2025 60 At 31 March 2024 60 There were no investment assets outside the UK. The company's investments at the balance sheet date in the share capital of companies include the following- Page 23 continued...
KDC NORTH WEST Notes to the Financial Statements- continued for the Year Ended 31 March 2025 12. FIXED ASSET INVESTMENTS- continued KDC (Commerciall Ltd Registered office: 263A Tarbock Road, Huyton. Liverpool. L36 OSD Nature of business= Payroll service provider Class of share: Ordinary holding 100 31.3.25 31.3.24 Aggregate capital and reserves ILossl/profit for the year 11,133 12791 11,412 136 The subsidiary is a trading enterprise engaging in a trade to raise funds for the charitable activities of the holding company and donates its entire taxable trading profit to the holding company by way of gift. 13. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.3.25 31.3.24 Amounts owed by group undertakings Other debtors Prepayments and accrued income 142,005 13,111 44,560 58,883 8,338 3,948 199,676 71,169 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Social security and other taxes VAT Other creditors Accruals and deferred income Accrued expenses 10,022 11,403 31,220 4,692 9,117 12,506 1,823 47,562 34,368 108,413 2,066 163,124 110,068 Page 24 continued...
KDC NORTH WEST Notes to the Financial Statements- continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNOS Net movement in fund5 Transfers between funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 277.125 42,462 10,255 329,842 Restrirted funds General 21.514 4.416 110,2551 15,675 TOTAL FUNDS 298,639 46,878 345,517 Net movement in funds, included in the above are a5 follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 522,853 1480,3911 42,462 Restricted funds General 207,129 {202,7131 4,416 TOTAL FUNDS 729,982 1683,1041 46,878 Comparatives for movement in funds Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 216,684 19,932 40,509 277,125 Restricted funds General 44.288 17.735 140,5091 21,514 TOTAL FUNDS 260.972 37.667 298,639 Page 25 continued...
KDC NORTH WEST Notes to the Financial Statements- continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNOS- continued Comparative net movement in funds, included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 497,544 {477,6121 19,932 Restricted funds General 287,993 {270,2581 17,735 TOTAL FUNDS 785,537 1747,8701 37,667 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Transfers between funds At 31.3.25 At 1.4.23 Unrestricted funds General fund 216.684 62,394 50,764 329,842 Restricted funds General 44.288 22.151 150,7641 15,675 TOTAL FUNDS 260.972 84.545 345,517 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1,020,397 1958,0031 62,394 Restrirted funds General 495,122 1472,9711 22,151 TOTAL FUNDS 1,515.519 11,430,974) 84,545 Page 26 continued...
KDC NORTH WEST Notes to the Financial Statements- continued for the Year Ended 31 March 2025 16. RELATED PARTY DISCLOSURES During the year the charity re-charged management costs of £24.00012024= £24,000) to KDC Icommerciall Ltd, the charity's subsidiary undertaking. During the year ended 31 March 2025 KDC (Commerciall Ltd donated £91,21412024.' £11,486) of its profits in the form of gift aid. As at 31 March 2025 £142.(K)5 is due from KDC (Commercial Ltd12024= £58,883). The following trustees of the charity are also directors of KDC {Commercial Ltd): Amanda Felstead Nicola Pheasant Irina Rodkina Hilary Laidler Page 27
KDC NORTH WEST Detsiled Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid 10.922 91,214 846 11,486 102.136 12,332 Investment income Deposit account interest 12.078 11,637 Charltable activities Managed accounts service Direct payments 5UPPOrt Other income Management charges National lottery grant TWO Grant Other grants 218.835 118.592 47.212 24.000 129.669 264,281 119,624 11,670 24,000 126,923 111,376 103,694 77.460 615.768 761,568 Total incoming resources 729,982 785,537 EXPENDITURE Charitable activities Projert delivery costs Travelling expenses PFS charges 89.185 9,419 60.003 126,524 3,245 45,058 158.607 174,827 Support costs Management Wages & employment costs Other operating lease5 Rates and water Insurance Light and heat Carried forward 441,323 2,064 1,518 2,537 4,025 451,467 502,893 2,089 1,430 2,282 1,484 510,178 This page does not form part of the statutory financial statements Page 28
KDC NORTH WEST Detsiled Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 Management Brought forward Telephone Postage and stationery Advertising & marketing Sundries Premises expenses Memberships & subscriptions 451,467 8,266 4,681 510,178 7,664 8,082 160 13,570 2,820 702 8,369 10,154 947 483,884 543,176 Finance Bank charges 439 161 Information technology Computer & IT costs 12,308 9.176 Human resources Training & recruitment 4,941 2,484 Other Fixtures and fittings 1,864 859 Governance costs Accountancy and legal fees Professional fees 17,363 3,698 8,956 8,231 21,061 17,187 Total resources expended 683.104 747,870 Net income 46.878 37,667 This page does not form part of the statutory financial statements Page 29