COMPANY REGISTRATION NUMBER: 06302675 CHARITY REGISTRATION NUMBER: 1109168 Our Kids Company Limited by Guarantee Consolidated Financial Statements 31 Dacember 2024 Rl Chartered accountants & statutory auditor Brulimar House Jubilee Road, Middleton, Manchester England M24 2LX
Our Kids Company Llmlted by Guarantao Consolldated Flnanclal Stslomonts Year ended 31 December 2024 Page Trustees, annual report (incorporating the directovs report) Independent auditorfs report to the members Consolidated statement of financial activities (including income and experKliture account) ststement of financial position 14 9-13 14 15 Non consolidated statement of financial postion Our Kids ststement of cash flows 15(8) 16 Notes to the ¢onsolidated financial statements 17-29 Notes to the non-conolidated flnancial statements 30-32
Our Kids Company Llmltsd by Guarantee Trustees, Annual Report (Incorporating the Directofs Report> Yoar •ndod 31 December 2024 The twstees, 8fe 8180 the dirÉctors for th& purpos&q of eomp8ny law, prtsent thÈir report the Consolidated FinanGlal Statements of the charfty for the year ended 31 December 2024. Refer•nce and admlnlstratlve detall8 Reglstered charity name Our Kids Charity reg1strttl¢n number 1109158 Company regffjtration numbor 05302575 Principal offica and register•d Brulimar House office Jubike Road Middleton M8nGhester M24 2LX The tru•tees m H Corn Mrs H Sta'nberg Audttor GA HARRIS & CO LIMED Chartered accountants & statutory auditcrf Brullmar HDU8e Jubllee Road. MKldleton, Manchester England M24 2LX Bank•r3 National Wesknln8ler Bank PIC PO Box 12263 1 Prfnces street London EC2R 8PH
Our Kids ompany Limited by Guarant•e Trustees, Annual Report (Incorporating the Dlrectorfs Report) {conUnu• Year ended 31 December 2024 Stjucturn. gov•tnance and management Our Kids is constituted by Memcrandum & Articles of A8scciation and is a company limited by guarantee. 11 was Incorporate<l crts the 2nd December 2004. company number 5302575. It was registered as a charity on 20th April 2005, charity number 1109158. The day to day running of the tharity is undertaken by Mr P Com. husband of one of the trustee& Mrs H Com. Al maJLY declslons are made collectively by the tNstees and 811 trustees give their Itme freely. The trustees are unpaid and detsils of any (Elated paty trans8Gtions are di5dosed as applicable in the notes to the accounts. Any arrangernents for setting the pay ol the charity's employees are the sole doing of the trustees. There are no policles for the irKIuGtion or training ot new trustees, Rlsk revlew The truste8s have assessed the majoT risk to %%thlch the charity is exposed and ar8 $8ti8fied that syslems are in place to manage any such exposure, Th8 risk faceA by thè charity are prlnclpamy operational from maklng ineffective grdnt making. Such rlsks are man4¢d by the tNstees researchlng potential beneficiaries before granting don8tir)ns. By retr"n9 back to the other tru$te8s and ty revtewln9 such procedures regul8rfy, it is hoped that safeguards in pla a Strengthen to ensure public benefit OG achlewad from all grants made. Othér rrsks are associated with the trading sub&dl&rle$ of the parent eharity. Such operallon81 rlsks include possib lose of Maet share and beccvnmg unable to pay liabllittes as they tsll (Jue. The directors 8n(J tnanag8ment of the subsidianes monitor cash ficw effectively and report regularly io ensure they malntain and hopefully strengthen their market position so cash tlow is not an Issue.
Our Klds Company Llmltsd by Guarantsa Tru¥tee8' Annual Report (Incorporating the Dlroctorf8 Report> (conlinuedj Year endèd 31 D0mber 2024 Ol4ectlves and activitses The objectlves of the charlty ar•: 1) the relkf of poverty and hardshlp and 2) the a(fvancement of edtion and training for young peopte WIt.n the local community particular reference to sodal and cultural aspecls of education. The maln actlvttles of the charlty orn: 1} the ownershlp of Aryuw Mill. Rochdalo 2) Ownership of shares In subsidiary companies 31 Provision of counselling seNlces to young people to ensure they are ready fcr wc¢k 4) Provl¥ion of tralninu and wurk plaments wilhln the subsidtary tradlng company to ensure t young people have the Skills lo become empleS of th6 ubsidiary company or transferr4bl6 to other jobs. S) Provision of grant5 to individuals who meet the d)arltV$ criteria to enhance thelf social and cultural skills. 6) Provlsion of donations to other tharitie8 who have Ihe same objectives 88 Our Kids.
Our Klds Company Limited by Guaranlee Trustse8' Annual Report (Incorporatlng the Director's Report> (¢onth¥¢dJ Yaar ended 31 December 2024 Objeetives and 8etivitlès (conllnued) Publlc b8n•fit The trustees confirm that they.have ferred to the guidance cont2ined in the Charity Commission's general guidance on public beneftt and in particular to its supplementary public benefit guidance on advancing educaticn when reviwing the charity's aims and objectlves and In plsnnlng fijlure aclivilies and setting grant maklng pollci88 for the year, Grant making pollcy The charty has establlshed its grant making policy to achieve its objects for the public benefit. The charity utilise8 funds recetved from the the subsidlarfes to pay oul grants thst are 8ppropri8te for the charitles objectlves. Tha charity is also 8ngaged in actively helplng young people to become empbyable. The appllcallon of the funds by way of grants is to either institutions or Indtviduals. The trustees consider they have met the public benefit test and outline these achievements below. Th8 twstees measure the success of achieving the stat8d aims by the number 8nd value of grants paid out each year as well as how many sucGesstul work placements are achleved by Individuals who have rec8iV8d grant monies andlor tranlng 2nd education from the charity. The grants paid out in the year are detalled in the notes to these acGounts and the trustees consldÉr that they havé rn8t their airns SUC$$fUllY thls year. Several individuals who were offered training and educatlon during the year have g¢Me on trj become ernplcyees of the subsidiaries after work placernents fvnded by the The trustee8 ccnsi(ier the short tenn alms to be slmllar to the longer temi alms and assess thè achievement of the chaiity in the same way. Strateglc rnport The following sactions for achievements and Ferfonnanc8, financtal review and plans for fijture perfods form the strategic report of the tharity.
Our Kids Company Limited by Guarantse Trustees. Annual Report (Incorporatlng the Dlrectof8 Rfrport) (thiu¢d) Year ended 31 December 2024 hl•vgm•nts and perforn?anc• The charlty recelved £19,401 (2023 £16,620) of éonationE In the year from third partles. The parent charity 8180 received gift aid payments from Its 2 trading 3ub8idiaries. Any pretax surpluses generated In indlvldual subsidiary's year Of trading are transferred as ghl akl payments, wlthin 9 months of EhB batance sheet date. to the parent Gharlty. For the year end1 31st December 2024, Easygift Trading Ltd made pCh payments totèlllng £496,642 (2023 £347.527) and Arrow Management Ltd £48,30212023 £44,896). This income Is not shown on the face of the consolldated SOFA,per page 16. EaÈygift Trading Ltd The figures for the wholty owned 8ubsidiary, Easygift Trading Limited. have been ct)nsclldakd wtthln the accounts of the Chlty. The notes to the accounts dÉ8Glose the splil of balanceE belween ihe harlty and Eassgift Trading as well as a surnmary of the resulls the r. Easygift Trading Ltd is a UK based corr¥)8ny, selling furnitura, other hsehold products and gift8 online, During the year. Easygift Tradlng Ltd succes9fulty providéd 6-12 month work experience, training and omployment to yt)uhg adults, aged between 16 - 24 who were unemployed. These actlvltles enabl8d many young people to become employoble, some within th8 8ub8idiary and some by other companlas. Thes8 actlvities were mado in line with tha slated obje¢trves of thè tharity. Arrow Mil Manag¢mont Ltd The trading results of the 2nd trading subskliary. Arrow Mill Management Ltd, have also been consolidated within the accounts of the charity. The notss to the accounts disclose the split of balance8 between the charlty and Ptrow Mill Management Ltd. as well as a summary of th6 tssults lor the year. Arrthv fvfill Management Ltd Es a UK based company trot manages Arrow Mill, the propety owned by the charity. Easygift Tradlng Ltd ocLupy approximatety 50% of the mill, the remainder being sublet to thlrd partles. Our Kids Charlty The charity paid out grants to other charftsblo Instltutlons and Fndividuals iotalling £61,302 (2023 £76.640) in the ye8r. A summary of the grants mad8 durlng year and are d&tsiled in the aCunts and were made in line of the stated objectives of the charfty for edu&2tional and communal purpose8. Other costs for the Gharlty during the year totalled £329,767 (2023 £383,474). The summary bglow shows Sorr of the significant costs., Rates £84,343 (2023 £114,7581 Heat & light £93,707 (2023 £78,606) Repalrs and maintenan(x £2SO,698 (2023 £17,410) Professional fees £28,120 {2023 £16,390) Mcrtyage interest £49.639 (2023 £47,339) Hire pur¢hase interest £9,68C (2023 £9,680) The hire purchase interest relates to solar panels which were installed on the roof of Am)w Mill during the previous year, co8brvJ £150,000. Future heat And Iht Costs are expacted to be significantly Icwer due to the installatK)n of the panels. Thern ware no materi81 fundralslng u)Sts incurred during the year.
Our Kids Company Llmlted by Guarante• Trustees. Annual Report {Incorporating th8 Dlrector's Report) {¢onthu¢dJ Yèar ended 31 Decgmbar 2024 During thè yèar. tht tru5te¢s considw8d the fair value of thè land and buM<lngs of the charlty an(1 believe no revaluaiion Is considered neces$ary at the balance sheet dale, The conscAldated net Income for the year has Increased agan from the vIOuS year, £430,455 in 2023 to £531.646 in 2024. This is nInty due to the improved results of Easy9 Tradlng Llmlted. Finattcial revi Inv¢stsn•ttt performance Th6 trustees report that the 2 whdly owned subsidiaries have continued to have healthy $818S 8nd profits during the year. Thelr success has enabled the Charity to continue ta supwrt y¢ung people who have soclal, emotion21 aftd education81 dtffrulttes prior to Joining ihe eduogb.on ané training programme. The iruslees believe thai the 2 subsldl8rles 11 cOnnUe to grow In the fvture ensuring Gharitable actiythes can continue for many years to come. Thè tharity has continued to Invest In the trading subsidisry, Easygift Trading Lirnited. The charity purchased a further £180,000 of in Ihe year. The charitys total 3har8 value in Easygift Trading Lid 15 now £1,365.001. Ros•Nes poll¢y The are restrlcted fijnds im the charty. All lunds held are unrestriGted and have ar%sen from past opeoting resutts from the charlty and its subsidiaries. The IDJstees are satisfied that the balance of the is an acceptable level of reserves gnien the nalknre of revenve receipts against grants payable. The trustees Intend to tetsin 8 level ol ,. that retlects the rfsk of the charity and Its subsidiaries. In ccnsklering the financkql obligations of the Charity, the trustees h8ve resofvèd t¢ m8intain 8 fflinimum reserve. belng enough to cover all ljabilib'es as they fall due. Th9 gener81 nd reseNes at the bancE sheet date are £4,tJ84,781 {2023 £3,553,436). The revaluation reserve tAance to the Mlll) 18 £1,110,834 (2022 £1,110,634) MacrtrE¢onomk Factors Covid Post Covid, Easygifl Trading Ltd, used n8w shipplng suppllers, haulage pro¥thrs and couriers, which We cheaper and more reliable than th0 used prevtously. T$£ cost savings are refletttecl In the improved financial performanca of the subsldlary.
Our Kids Cornpany Llmited by Gu•rantse Trustees. Annual Report (Incorporating the Dlrectorfs Report) (wttlnued) Year ended 31 December 2024 Th8 results have Arrow Mill Management Ltd have also improved post COVID as the mlll is now fully let for most ol the llnancial year. Easygift TradSng hss again overcome the logistical and legislative Challenges It eOuntered in F)reviou8 years to BrexiL International trade contlnues to grow. Stock Management Prevrous supply chain prot4em have not bewt an Issue In Ihis flnancial year. A new dedic8ted acccwnt manager at the onllne platfomis and sales promotn8 have ensured that stk lines offered have been popular consumers and wofitable. Risk: Inflation The tradlng subsI11ary, Easygfft Tradlng Ltd, Constantly monitDrs the cost of goods. lj3ting fees, shipping and transwi costs. It takes into careful consrderation the effects of price increaseg v profitsblllty and ITh much of the price increases of cost of goods can be passed on to GUStomer£. They use bespoke sofwe whith enable the 58188 team to follow the sales trend of specific kyoduct lines allowing the wmpany to malntsln thi8 balance. Plan8 for future perlods The trust8e8 plan to continu8 raislng funds for projects irt thne wlth the MemadUm & Artides of Associatton and pursue those objectives and projects with all the resources available to the charity. TN8tees' rw)onglbilitie 8tatemerf( The tru8tees, whu are also directors for the purposes of company18w, are re81)onsible for preparing the trustees, report arld the Consolidated Financial Statements In accordance with 8pplicable lw and United lfjngdom Accounting Standards (United Kirtgdom Generally Acceptsd Accountlng Pracuce). Company law requlres the charity trustees to prepare Consolidated Flnancial Stotements for each year whtch give 8 true and fair view of the state of affairs of Ihe charitable company and the incomlng resour and appllcation of resoure88, InCdIng the income and expenditure, for th8t period. In prepang Ihese Con601Klated Financlal Statements, the trustees ale required to: 6eleGt suitable accounting pollcies and then apply them consistenty; observe the metheds and prfn¢iples In the applitxble Charities SORP: rftake judgments and accountin9 e8tlmate3 that ar8 reasonable prudent; Gtste whether applicable UK Accounting Standards have been followed, sublt to any materi departuies dlsclosed and explained In the Con801idated Financial Statements; prepare the Consolidated Flnancial Stslements on the goiry concem basis unless tt is inapprowiate to presume that the charity will conlnue in business.
Our Kids Company Llmlted by Guarantso Tru8t8e8' Annual Report (Incorporating the Dlrectorfs Report) (¢onUfti Year ended 31 December 2024 The trustees are responsible for keeplng adequate 8ccounting records that are sufflcient to show and explain the chaiitys transactions and aisc1ose with reasonaLle sccuracy at any rne the fjnanclal position Df thè charity and ert8blÈ tham to ensure that the Consolidated Financial Statements comply wrth thè CoMpanS Act 2006. They are also responsible for safeguarding the assets crf the eharty and hen for tskin9 reasonable steps for the preventlon and deteGtion of fraué and rther Irregularitles. Atsditor E8ch of the persons who is a trustee at the date of approval of Ihis report confinns that sc tsr as they are aware, there is no relevant audlt InMIatiOn of which Ihe charftys auditor 18 unaware; and they have taken all steps that they ought to have taken a8 8 trustee to make tIEmselves aware of any relevant audit inforniation and to establish that Ihe charity's au¢ilor is aware of that inf0MtiOn. The auditor 18 dgwned to have been re4ppoint•d In £ccordance wtth sectfon 487 tsf the Comp8nie$ Act 2006. The trvstees, amual report and the strategrc report werè approved 30th December 2025 and signed on beh41f of the board of trustees by.. Mr3 H Com Tnistee
Our Kids Company Limited by Guarantee Independent Auditorfs Report to the Members of Our Kld$ Yaar ended 31 December 2024 Opinlon We have audited the finandal statements of Our Klds (the arenV) 8nd its subsidrarfes (tr 'group') for the year ended 31st Decembar 2022. These statements mpriSe the Consl(latsd Statement of Financl*l Activities (Including income and expenditure account). the Conwlidated Statement of Flnancial PositirJn, Ihe Consolidated Ststemeni of Cash FlowÈ, the Statement ol Financi81 Position for the parent and notes to the financial statements named ab)ve, induding a summary of significant aCUnting wlicies. In our opinion, the flnanctral statem8nts above: 4Jive a true arrfl fair vi8w of the State of the group's of the charitable companys affars as * 31st December 2022 and of the group's Incoming resources and appllcatlon of resaurces (wnfiuloss) for the year ended; -have been property prepared in accordan Unilwj Klngdom Generally AGcepted Accounting ptiCe." -ha been prepared in accordan witrÉ the requirements of the Compdnies Act 2CIO6. Basls for oplnlon We CA)nduthd our audit In ac(xJrdan(x wfth International Stsndards on Audltlng (UK) {ISAs (UKI) and 8PPlicable law. Our r8Sponsi.lltieS under thckse Stsndards are lurther described in the auditofs responsibilities for Ihe audit of th8 consohdated financial st8tem8ntB section ot our repo We are independent of the charity in ordance with the ethical requirements that are relevant to our audit of the Consolidated FFnancial Statements in the UK including the FRC'S Ethr¢al Standard and we haye fulfilleil our other ethical responsiblllties In accordance with these requlrements. We believe that the audit evidenGe we have obts'ne(l is sufficlent and appropriate to p[Je a basis for our opinion. Conclusions r•lating to golng concern In audrting the Consolldatèd Financial Statements, we have COruded that the trustees, use of the going concern baS of 8p£ounting in the preparation of the Consolidated Flnancial Statements is appropriate. Based on the work we have perfomèd. wo have not Identifiéd any materlal uncert8inti68 relating to events or C4XKlitions that, individually or collectively. may cast s(gnificant doubt on the charitys st¥lty to continue as a going Goncem for a period of at least twelve monbls from th• Consolklated Finanaal Statements are authorised for issue. Our responsibilities and the responsiblllles of the truslees resp8Ct to 90ing conGem are described in the relevant sections of this report.
Our Kids Company Llmitsd by Guaranteè Independent Auditorf8 Report to the M8mb•r8 of Our Kld8 ltohilnued) Year endgd 31 December 2024 oth•r InornMtlon The rAh8r information Comprises the inf0mtion included in the annual repor( other than the Consoldated Finandal Statements anij our auditorfs report thereon. The trustees are responsible for cther informatitin. Our opinion on the Consolidated Financial Statements does not cover the olher informats'on and, except to the extent otherwise expliiitly stated in our report, we do n¢t express any form of assuranc8 concluslon thereon. In ¢(neCtion with our audlt cf the Consolldated Financkl Statements, our responslbillty Is to read the other infomiation and, in doing so, consider whether the olher information is materially inconsistent with Ihe Consolidated Fina1?] Statements or our knowledge obtained in the audil or otherwise appears to be makrtalty misstated. If we idenlify SUGh material Inconslstencies or apparent material mlsstatements, w6 are required to detennlne Mthether there Is a materi misstaleAn6nt in lh8 Consolidated Financlal Statements or a material mlsstatement of the olher infomiats"on. If, based wt the work we have performed, we conclude that there is a material mi¥8tatement of this other infomatton, we are requwed to repurt that fact W8 have nothina to report in this regard. Oplnlons on other matters PrnSGrfbed by the Companles Act 2D06 In my onIOn. based on the work undertaken In the course of the audlL' - the infonnai¢on given in the trustees, report. lch ndudés the dlrectors, report the strateglc report. {pr8pared for the purposes of Company Law), for the y8ar ended 31st Oéeember 2Q22. i¥ con61stent with thè financial statements. and. -the truskn report has been prepared In accordance applicable le9al requirements. Matters on whlch we ar8 required to report by 8X¢ePtlon In the l&ht of th* kn¢)wledgt and understanding of the charily and its environment ¢Jbtalned in the course of the audi( we have rnt identified matedal rrxsstaternents in the trusteas, reporL We have nothing to report in respect of the followlng matters In relation to vthich the Companle$ A¢i 2006 requires us to report to you rf, in Qui opinion. adequale acmunting records havé not been k8p( or retums adequale fcr our audll have not been reNed from branches not visited by us; or the consorated Flnancial Statements are not in aoreernent with the %Ccunng recorfs and returng: or certèln dlsdosures of truskes, remurseralon specified bylaw arn not made: or we have not roceive¢J aIl the inform3t arKI e%ptanations we requlre for our audiL 10.
Our Kids Company Llmited by Guarantee Independent Auditor's Report to the Members of Our Klds {conYft Year endod 31 D•combar 2024 R¢$pon$ibilits¢8 of tru6to0s As explalned more fulty in the twstees, spOnSibl118s ststement, the trust888 (who are also the dlrectors for the purposes of cornpany law) are responsible for ts preparation of the Consolldated Financial Statements and for belng satisfied that they glve a true and fair vEew, and for such internal control as the trustees determine is necessary to enable the preparatson of cso11d8ted Finanf>al ststements that are free from rnaterial misstatemènt, whether du8 to fraud or error, In. preparfng the c<s0[1d81ed Financial Statèments, the trustees are responslble for assessing the haritls ability lo contlnue as a golNd concern, disclosing. 88 appkralse, rnatters related to going coneem arKI using the going concem basls of arzounting unless the trustees either inlend to liquidate the charlty Or to cease operations. or have no realistic altematlve but to do so. Audltovs re8pon81billtles for th• audlt of Iho consolldat•d flnanclal 8tatwn•nts Our Object65 are to obtain reasonable assuran about whether the Consojldated Financial statements as a whote a free from matertal mlssiatement, whether due to fraud or error, and to issue an auditorf3 raport that includes our opinK)n. Reasonable assurance 15 a hlgh level of assurance, but nct a guar8ntee th£t 8n audit conrJuGted in aCrdan with ISA3 (UK) will always detect a materlal rnissLment when it exlsts. Mi&8tatements can arise from fraud or error and ar8 cOnSbered materlal if. IrKlividually or in Ihe aggregate, thèy o)uld rèsonabty be exF¢Cted lo InQu8nce the economiG decisions cf users tsken on the basis of these ConGolldated Finaneial Statements. Irregularities, incjuding fraud, are Instances of non-Comlan vrith laws and regulalions. We desj.gn prOdUreS in lin8 With our 5p¢nSjb1I[ti£S, out11r1 above, to détect materi81 rnStatements in respect of irregularrties, Including fraud. The extent io our procedures are eApatk of <Jetecting IrregularFtig8. inclUdw fraud is detailed below.. I looked at the charitys and subsidlaries policies and procedures relating to fraud and compllance vith laws and regulation5. 1 also inquired with the trustees and directors &out their own identification end assessment af the ri8k of iegularitieS. Based on thls urK1erStding, l Kjenttfred and as8e88ed the rlsks of materlal mlsstatemenl in the consoiidattry flnanclal statements and designed and rrtd audii procedures in response to those risks. Key laws and retylations whith h¥rfe a direct Èffect on the detemiination of mat8rtal amounts and disGlosures In the consolidated finarKial statements, the most Signthant being Companies Act 2006 and th8 Chanties SORP (FRS 102). l also gained knOledge of the legal and regulatory fTrmeworks whlch do not have a direct effect on the consolidabd financial 8tatem8nt5 but rton-compllanc8 with may have a fundamental eff8ct on Ihe ¢ompanié3lch8ritys abflity to operaté. l also looked at thè ojmpardtive tlgures CDntalned in the consolidated finattcial ststements and the individual subsid18ry companles and parent charity to understand how the accounts were wepared by the sxevious audltrjrs. Audit responso lo rt8k8 Ident¢d PrureS were des19r{ within the audit programmes of Ihe subsidiaries and charty audit files to identify any risks or non compliance by VRY of thscussions ¥th rnanag8rnert rev16w of after date trading activities or donatlons made and a revlew of truees and ecterS. meetings vthere any Such inslances of fraud and irregularity may have klentified. 11-
Our Kids Company Llmlted by Guarantee Independent Auditor's Report to the Member8 of Our Kld8 (conunuo Year ended 31 DeGemhr 2024 As part of 8n audrt in a¢Cordan wlth ISAS (UK), we extrclse professlonal judgment and maN.a professional SGepttcisrn throughout the audit We aso.. Identify and assess the risks of material misstatement of the Consolidated FirHncial Statements, whèthèr du& lo fraud or error. désign and perforrn &udit procedures responsive to those rlsk5, and obt3in aurfit evwjence that is suffKient and appropriate to provide a basis for our opSnicn, The risk of not deteGting 8 material mi86tatemer¥t resulting from fi3ud is higher than lor one resulknng from error, 4$ fraud may invofve coliu5ion, forgery, intsntion4 omissions, mlsrèprésentations, Dr the override of internal Control. Obtain an understandlng of Intemal control rekv8nt to the audlt In order to deswn audit prOdureS that are appropriate In the circuMstae$. but not ft)r the purpose of expressw an Opini on th8 effectiveness of the intemal control. Evaluate the appropriateness of accounlwig policies used and the reasonableness of acGcxJnting e8b'mate8 and related disclosures made by the trustses. cOrlude on the appropriaieness of tha tru8tee8' U8e of the geing con¢em basls of accounting and. bas8d on the audlt eyldence Oblained, whether a matsrial uncertairity ext8ts relsted to events or cond6tk)ns that may cast Sl9nifiGant doubt on the charfty's abllty tc conllnue a5 a going oncem. If we conclude that a materfal unc8rta#ity 8xi8ts. we 3Te required to draw attention in our 8uditoPs report to the related disclosureG In the Consolldated Financial Ststernenls or, tt such dls¢losures are inadequat&. ttj modify our opinion. Our conclLf$ls)ns are based on the Éudlt evidence obtaine(l up to the date of our audltofs report. However, future 8v8nts or Gon¢ition$ may cause the charity to cease to continue as a going concem. Eyaluate the overall present8tion, structure and content of the Consolidated Financial Statements, inGluding the dlsclo8ure8. and whether the Consolidated Firt8ncial Statements r8pre8ènt the undertying transalOng 8nd events in a manner that achieves falr presentation. 12-
Our Kids Company Llmlted by Guarantee IndependentAudltorf8 R•port to th• momr5 of Our lfjds (eonthiu•dJ Yoar ended 31 December 2024 Wo communicate with th08e charpy wfth governan regwdlng, among other matters. the planned scope ttming of the audit and significant audit fjndings. Includlng any signlficant defici5 In Intem81 curtrol that we IdenJfy durlng our audll Us• of our report ThiE report b made solety to the tharity¥ mwnbgrs, as a tx)dy, In aKcrdance wfth Chapter 3 of Part 18 of Ihe C¢xnp8nies Act 2006. Our aud vd)rk has been undertaken so that We might state to the ¢aTIty's mernbers thos& rnatters are required to 8tate to th?m In an audltorfs report and for no <)ther purpose. To th? fullost extent permitted by law, do not awt or assume re8KonsVolity to aftyone other than the eharity and the chaiitys member3 ag a body, lor our audit work, for th18 ryjort, or for tt opiniorts we havo fomied. Gary Harris (Senlor Ststutory Auditor) For and on bohalf of GAHARRIS & CO UMITED Charterad accountants & statutcry auditor Brulimar House Jubilge Road, Middleton, Manthes England M24 2LX 3Qlh t)ecnbar 2025 -13-
Our Kids Company Llmited by Guarants• Consolidated Statement of Flnanclal AGtivitÈts (Including Income and Expenditurn AGGount) Yoar ended 31 December 2024 2024 Unrestricted furKJs Total fund8 Total funds 2023 Note In¢omt and èndowm•nl$ Don8tions 8nd1898ci88 Olher tradlng actlvltles Total Income 19.401 19801 16.620 19,329,549 11329.649 16,645.788 19,348,950 19.348.950 16,662,408 Expendlture Expenditure on raisiny funds: Costs of other trading actIvieS Expenditure on charitable acti¥ides Total oxpondttu 7 18,451,064 18,451,064 15,807,696 366.240 366,240 424.057 18.817.304 18,817004 16,231,953 Net Income and nat rnovemenl In funds 531,646 531,PA8 430,455 RqGon¢ilialion of funds Total ftsnds brought forward Totsl fund5 carrfed forward 4,663,769 5.195.415 4.683.769 6.196h16 4,233,314 4,663,76S Th8 stat6ment of financial acts'¥ities includes all galns and k)*s88 recA)9nised in the y8ar. All in¢4me ond èxpendiiure derive from continulng actiV"es, The n¢t•s on page6 17 to 29 fomi part of theye Can8olldated Rnancial Stalements. 14-
Our Kids Company Limlted by Guarants• Consolidated Ststsment of Financlal Posltlon 31 Decembar 2024 2024 2ff23 Flxed assets Intangible assets Tangible fixed assets Investments 15 31,260 3,344.1 2,B76 3,378,281 42,288 3,%0,809 2,875 3.30S,972 17 Cutrnnt a8S0t8 StoGks Debtors Cash 8t bank and in hand 18 630,154 19 1,671.419 1.306.577 513.190 4,791,659 1,576.818 1,475,539 7.844.016 Creditor8: amounts falllng due wlthln on• y••r Net curr•nt asséts Total a#¥gts Ios$ Cuffent Ilabllttles 20 6.408.811 4.019,273 3.824,743 7,130,715 4.1W79 7,4B2, Creditot¥: amounts falling due after mor• than on8 year Nat a6sats 21 2.287,445 5.195A15 2,468,946 4.663.769 Funds of the charlty Unrestricted funds: Revaluati reg8Ne Other unrestrlcted income funds Total unrestricted fund# Total Gharlty fvMIs 1,11Q,634 4,084.781 4196N15 1,110,834 3,653,135 4,663,769 4195.416 4,663,769 These Consolidated Flnandal stateMts were 4)proved by the board of truste68 3nd aulhortsed for issue on 30th December 2025, and ar8 signed on Ixhalf of the board ty. MtsHCom Trustee Tho notDs on page8 17 to 29 forni part of th•s• Con8011dated Flnanclal Statemonts. 15-
OUR KIDS CHARITY ststemwrt ol flnandal posltlon Inon consolidated) 31 Decethber 2024 2023 Nolo Fixod a*84ts Tangible assets Investrnents 28 2,g23,730 2,935,899 29 1,367.877 1.187,877 4,291,607 4,123.776 Curr¢ assets Debt¢rs 30 656,084 530.178 Cash at bank Snd in hand 57,878 70,8QO 713,%2 601,068 Cr8<lttors: amounls falling du withwn one year 31 {216.319) (216,319) Nei eurrnnt assets 497.643 384,749 Total assots lesg current riabflltles 4,789,250 4,508,525 Creditors: amounts falllng du aftèr more than one year 32 (932,655) {1,129.915) Net ass8 3.856,595 3,378,610 Capttal and r•serv Revaluation reserve 1,110,634 1,110,634 Profit and loss accoLmt 2,745,961 2,267,976 Shayoholdars funds 3,856,595 3,378.61Q Tho notss on pages 30 to 32 forni part of flnancial statements. Page 15 (a)
OUR KIDS CHARITY Stat•mont of IknAncial posltlon {non consolldated) 31 Decembpr 2024 The flnandal ststemenls have been dell¥ered in accordance with the provisions applicable to cornpani85 subject to the small mpEnIeS, regime and in a¢¢ordanGe FRS 102 'The Financial Reporting Standard applicable in the UK and Republlc of Ireland,. These financial statements were approved by the board ol dlrectors and authorlsed for issue ffl 30 December 2025, and are syned on behalf ofthe knard ty.. Mrs H Com Director Compaty registralion numlxr. 05302575 Thg notss on pag6t 30 to 32 forni part of th¢st financlal ètat•mènt8. Page 15 (al cont
Our Kids Company Llmited by Guarantee Consolidatsd Statement of Cash Flow8 Yaar ended 31 DeGernber 2024 2024 2023 Cash flows from operatlng actlvltles Net incom8 531046 430,455 Adjustments for Depraciation of tangIb flx8d assets Amortistition of in0ble assets Interest payable and similar charges Accrued (Incomevexpenses 8&190 11.028 237.390 152,85B) 82,668 1,837 171.581 24,421 Ch£nges .. Stocks Trade other debtors Trade and other creditor8 (1,743.535) {140,898) (71.032) {397,960) 4EO.167 753,011 1522.0041 925,089 Cash gener8t8d from operatlons Interest paid Intwest recewe(I (237A901 (171.561) (23.569) (782,9631 Net C88h (used in)Ifrom operating activities 753,528 Cash flows from tnvostlng activilie6 Purchase of langible assets Purchase of intangible a55ets Net cash used in investing actlvwes (16&52n (42,673) (44,125) (86,798) (168.527) Cash Ilows from financing aciivrties Proceeds from borrowlngs Payments of fin8nc8 laase liablllties Nei cash from finanGing activitie8 807.528 (25.000) 782.528 170,047 (25.1)00> 145.047 Nét {decrease)fincreasa In ush and cash equlvalents Cash and cash equivalents at bèglnning of year Cagh and Gaih equlvalents at end ol y•ar (168,962) 1,476,639 1,306,577 811,777 663,762 1,475,539 The not88 on paga¥ 17 to 29 forffi pArt of theBe C(*wlldated Flnaneial StatsmgTrts.
Our Kids Company Llmltéd by Guarantse Notss to tha Consolidated Financial Statement8 Year ended 31 December 2024 General Informatlon The charity 18 a public benèfit entity and a privatè c£Jmpany limit8d by guarantee, registered In England and Wales and a regLstertd charity In England and Waks. The address of the registered office 15 Brulimar Hou8e. Jubile8 Road. MKldl8ton, ManGhe3t8r, M24 2LX. statement ol ttompllance Th88e Con8¢Ji(lated Financlal Ststemeftts have been prepared in compliance wilh FRS 1Q2, 'Th8 Financ] Reportlng Sl8nd8rd applicable in the IJK arKI the Republic of Ireland,, the Statement of Recommended Practice appllcable to chaiitses preparing their accounts In accordance wlth the F(nanclal Reportiny £t8ndard applicable in the UK and Republtc of Ireland (FRS 102) {Chartties SORP (FRS 102)) and the Companies Ad 2006. A¢¢ounting polkl88 Consolldatlon The8e financial statements con801idate the wults of the ch8rKy, Our KKIS and it8 2 100% owned subsidiarfes, Easygift Trading Ltd and Arrow Mill Management Ltd. Easyglft Tradits3 Ltd is 8 (rjmpany reglstered in Eroland & Wales, registered company number 7061441. The registered off CÈ Arrow Mill, Queensway, Rochdale, Lancashire, England OL11 2YW. The year end of Easyglft Tradlftg Lts is 31st Dernber 2022. Arrow Mill Management Ltd, Is al register¥J in England & Wales, reglstered number 9773133. The registered Offi of th8 company Is as above. The yew end of Arrow Mill Managernent Ud Its 31st December 2022. The charity has not produced an Indivldual SOFA as per exemption 8408 Comp8fties 20Ck8. Basis of preparatlon The finan¢lal statements have been ppared on the histor& cost basis, a8 modifid by the revaluation of investrnents which are included at market value. The accounts are prepared In stertirtg which is Ihe functional currency of ts entity. The accounts present consolidated infOa[Cn about the Ghaiity (Our Klds) and its two sutsldlary undertakings (Easyglft Trading Ltd and Arrow Mlll Management Ltd). Golng conGern The trustees have given du8 consideratian for the fulute of the charity and its ablllty to m*t ils objectives. Thay have conduded that there are no materlal uncertaintles about the charfty's 8bility to conlwjue. They b8lreve the tharity hag adequate resources to contlnuÈ in operational existence for the foreseeable future. The charty therefore c(mtlnues to 8dopt the going concem asis in prep8ring its fi'nancial statements. 17-
Our Kids Company Limited by Guarantse Notes to the Con801idatod Financial Ststements (copllnued) Year ended 31 Decernbar 2024 Aecountlng pollcl•8 {conthiu•dJ Judgements and kny sources of estlmallon UertaInty The prepar2tion of the financial st8tern8nts requires man8gement and the trustees to make Judgernents, estlmates'and 8s5umpticrt)s that affect the amounts reported. These estlmates and judgements ar8 rA)ntinually reviewed and are based on historical experience and other factors that are consldered to b6 r618Wdnt Aelual results may drffer from these estimates. The esllrnates and underlyirKJ 88sumptions are reviewed on an ongoing basis. RevBiDn8 to aG¢<wnting estimates are recognised in the perkjd in which the estimate is revised, rf the revision affects only that perDd, or in the period of the ls[On arrfj fure periods rf the revision affects both current and fuiurg periods. Slgnlfint ludgmnts The ]udoernents made by management and trustees that have a slgnlflcant effect on th8 8rn0unt8 recognised in thè financial ststements are described bèlow. Sourcès ol esfjmatlon uncertalnty Land and buildings are stated at thè fair vlue based on the trustees Vall110n. No reGe independent professional valuation has been don8. The last prolessional valLtioTr of Arrow Mill wa8 2017. Tho rlse IrÈ interest rate8 and infiation has caused signifi(snt disNptson an(1 uncertainty In the UK property market which has inevitably increased th8 4egr* oljudgement involved in the propety valuatlon at 31st Decemb•r 2024. Closing stock of the tr8thng subsidrary was valued at £6.5m 8t 31 st December 2024. This was after a proyi8K)n of £232k for slow movin9 and obsolete stod< which represents less than 4% of total stock. The dlrectors and manayèment of the trading subsidiary belief this to be reasonable but the actud provision is uncertain, largely due to 88asonal and fashionat4e sa5 trends. Fund accountlng unrestn.cted funds are availabl8 for use at the discrellon of the trustees to fijrttw any of the charity's purwse5. Designatod thnds are unrestricted hjnds earmarf(ed by the trustees for particular future project or comrnitmenL Restricted funds are sublected to re8tiictions Qn tsir expénditure declared by the donor or through the temis of an appeal. and fall Into one ol two SU1£s888." restiicted income rtd8 cr endowment fvnds. 18-
Our Klds Company Llmtted by Guarantee Nots8 to the Con8011datsd Financial Statsmonts (tanrfnu8d) Year anded 310ecember 2024 A¢¢ountlng pollclo8 {¢ondnu•d) Incomlng rasources All incoming resources are Inctuded in the statement of financlal aCth•lS when entitlement has passed to the charity; it is probable that the eGrornIc benefits assodated wlth the transaction ill flow to the Larity and the amount rAn be reliably measured. The fo110Th7ng specific poltag3 8re applied to Particular categorfes of Income,, income from donatlons or granls Is recognlsed Wh Ihere is evidence of entitlement to the gi¢ recapt is probable and its amount can be rneasud reliably. legxy Incamels Can[Sed when rerAipt is probable and entillement Is established. inwme from donated goods is measured at the fair value of goods unless thSs is impractiC81 to measure reliably, In whlch case the value is derived from the cost to the donor or the estimated resal8 value. Dcnated facilities and services are recc4nised in the accounts when received tf the value can reliably measured. No amounts are in¢luded for the con1rUtIOn ol general volunteers. income from contracts for the SUFply of servi9 is recogni8ed wth the delivery of the contracted rvice. This is Glassified as unrestricted funds unless ther8 18 a corrtractual requirement for it to be sknt on a particular purpose and retumed if unspent. In whlch ¢se it may be regarded as restrithd. Rmources expandad Expenditure is recognised on an accrna18 basis Ss S liability Is In¢ufred. Expenditure inGlude5 any VAT whith cannot be fully recovered, and is dassified under headln9s Df tre 8tatement of financial activlties to which it relates: 8xpeThllture on ralgln# funds includes the c05ts of all fundratslny activltles, events, non- clwitable trading aCtIt5, and the 3818 ol donated goods. expenditure on tharitable activities includes all costs Incurred by a charity in undertaking activittes that further its th8r4table aims for Ihe benefit of ils beneficiaries, including Ih0se support C08t3 snd costs relating to the governanGe of Ihe ch?rty apportioned to Ltharilable actlvttles. other 8xFNJlture includes all expendiknre that is nelther relatéd tc rdising funds for the charity nor part of its expenrfibjre on tharit£ble activities. JI costs are allcKated to expendlture categones reflecting thè use of the resour¢e. Direct costs attributable to a Single aclivity ere allocated dlrectly to that acttvlty, Shared costs are apportioned beNveen Ihe ¥tMtks they ntri1>te to on 8 reasonable, justifiable and conslst&nl basis. Intanglble aots Intangible assets are initiaity rerd8 at cost, and are subwuentiy stated at u)st less any 8fxumulated amortisation and impalmient losses. Any intanglblé assets carried at revalued amounts, are recorded at the fair valué al the date of revaluats"on, as detormlned by rethn to an active market, less 8ny subsequent accwnulaled amorbsatlcn and subsequent uMulated impainnent losses. -19-
Our Kids Company Llmltsd by Guarantse Notss to the Consolidatsd Financlal Statmnts {Mnthiu•d) Year ended 31 December 2024 countkng pollclo (cofflJlnuar4 Intanglble assets (eonttnwd) Intanglble assets acquired as part of a buglness combination are only recognised separately from goodwill when they ar from contractual or other legal rights. are separable. the expected ftjture economlc beneffts are probable and the cost or value can be measured lIablY. Amortlsath)n Amortisalton is calculated so as lo off the cost of an 8888t.168S its 8stim8tèd residusl vdue, o¥er the useful life of that asset as f<YIows: WebÈlto 4% stratght Ilne If there is an irKlicatlon that there has been a ggnFficant change In amortÈsatioti ratè. useful life or residual value of an rntangible asse( the amortssalon Is revi88d prosp8ctivety lo refiect Ihe n estlmates. T8nglble ass•ts Tangiblo assets are initlally recwdéd at Mst. and swuently stated at cost le88 any accumulaied depreciation and impairment bsses. Any tangble assets carried 81 revalued amounts ar8 corded at the fair valtse at th8 date of revaluation less any sut&88quent accumulated d8preQati and subsequent accumulated impaitm8fFt losses. An increase in the Garrylng amount of an asset as 8 re8uIt of a revaluaU¢n, Is reeognised in otTrr recognised gains losses. Unle it reverses a charge for vmpainnent that has prevlousty been IwJnised as expenditure the statsment of financial actsvlts. A decreasè in the carry&ng amount of an asset as a rasult of revaluation, is rec4)gnised in other recognL8ed galns and losses. excpt to which it oftsets any prevN)us revaluaiton gain, tn which case th8 108$ 1$ shrm Yh1n other recognised gains and losses on the statement of finan¢ial sGtivities. D•prnclatlon De[KlatIon is calculated 50 a8 lo wrlts off the cost VaallOn of an asset, less its residual vabJo, over the useful erA)r+omic life of that asset a3 follows.. Freehokj Propety improvements Plant & machinery In tho subsidaries only 1 S% reducing balance 15% stralght line 25% reduGlng balance 5Yo straight line Motor vehicles Solar panels Inve81maTht8 Unlisted 8quity Investments are in"allY re¢ordeGI at cost, and subseqLJÉntly rneasured at fair vdue. If fair valu8 cannot be reltably m&asured, assets are measured at cost less impaimient. Llsted investments are measured al falr value with changes in falr value being recognis&J in Income or expenditure.
Our Klds Company Llmltod by Guarantse Notes to the Consolidatsd Financlal Ststem•nts (e¢yniiniiwl Year ended 31 Dember 2024 Accountlng poll¢l•$ (conthuodj Investment property Investment property is initi'ally reGorded at cosl, which includes purchase price and any direclly attrlbutable expendlture. Investment property is revalued to its fair valu8 at each reporting date and any chan98s in fAr value are recognised in income or eXpendIre. If a reliable Measu of fair value Is no IL)n9er awailable for an iteTn of investment property, it shall be transferred to tangible assets and treated as sud) untll It Is expected Ihat falr value will be reliabty measurable on an on-goitYJ basis. Imp8lrnlMt of fixed assèts A revlew for indicators of impaimient is carri8d out at each reportirrfJ date, Wilh the recoverable amounl being estimated where such Indlcators exisL Where the carying value exceeds t overable amount. the asset 15 impaired accordingly, Prlor impairments are also reviaw8d for possible reveTh8al at each reporting date. For the purF•)ses c>f impalrment tesng, when it Is n¢t possbi le to est'mate the recoverable amount of 8n individual asse( an &8Umate is made of the r8oJverable amount of the cash- generatin9 unlt whl¢h the 8&ryet belongs. The caSheneratIng unit is Ihe 8m811est identifiable gttsup of assets that includes the asset and generates cash inflows tIt largely Independent of the sh infiows from other assets or groups of assets. For 1mpalrrnt testrng ol goodwll, the gjwIll acquired in a bJslness combination is, frorn the acquisition (kte, allo¢xted to each of the cash-generating untts that are expected to benefit from thè syneryies of the combination. Itt[tive of whetr other assets or liabtlities of the charity are asstgned to tho* unil8. Stocks are measured at the lower of cost and estlmated selkng pri less (yJsts to Complete and sell. Cosl include8 all costs of purchase, costs of conversion and other costs tncurred In bringing the stock to Its present locatlon Ènd eondtbon, Flnanclal Instrumtrn A financial asset or a financial liability 18 recognised onty vthen the Charity becomes a paty to the ntractual provisions of the instrument. Ba8ic finan¢tal Insfruments are initially rwni8ed at the arTK)unt re1¥able or peyable including arty related transaction costs. Current assets and current li8bilities are subsequemdy measuEd at the cash or other consideratA?n expected to be paid or ceIVed and not discounted. Debt instruments are sub8equently measured at amortlsed cost. 21.
Our Kids Company Limited by Guarnntee Notes to the Consolidated Financial Statements (¢onllnu•dJ Year ended 31 Decernber 2024 Accounting policl•s (¢1j Flnanclal Instruments (eonthiu•dJ WhÈrÈ Investments In shares are publlcly traded or their f8ir value can otherwi8e be measured rekn'ably, the Inveslment is subsequently measured at lalr value th chsftges In falr value re<xJynised in income and expenditure, All other such investments are subsequenty measured at cost lesg Imp8irmenL Other financBI instruments. including defivaiives, aR initially tÈ(*gnised Èl f8ir value. urtlÈSS payment for an 8S8et is d8ferred beyond norm81 lgin688 t8rm8 or financed at a rdte of Interest that is nct a mket rate, In whlch case the asset Is measured at the present valuÈ of the futute payments dlgcaunted at a market rate ol interest for a similar debt Instrument. Other financlal instruments are subsequentw measured at falr value. with any changes recognised in the statement of financial activities, With the exception of hedging instruments in a designated hedging rel8tion8hlp. Financial assels that are measured at cost or aTrrtEsed cost are r•view8d for Objecttve evidenc of impairment at the end of each rortIng date. If there is objectlve evidenta of imparrment, 3n impaimient bss is recognlsed under the 8ppropriale heading in tha stalement of financlal actlvities in whiGh the inrtl galn was recognised. For all equity instfumerlts reg8rdless of significance, and other financial a5set8 thal are indlvidualty significant. the88 are assessed indiviau£lly for impairrnenL Other financlal assets are either assessed indlvldually or gmuped Dn the basis of similar Gredit rfsk characteristlcs. Any reversals of Impairment are recognised imrnedlatety, to the exient that the reversal does not result in a ¢arying amount of the fin8nixal asset that exceeds what the rIa1Thg amount woukl have been had the impairmerrt Mt previousty been r8CO9nlsed. Defined contrlbution plans Contributlcns lo defined contributs'on plans are reeoghised as an eyn8¢ In the period in which the related srVICe Ss provlded. Prepaid contributk)ns are recognised as an asset to the extent that the prepayment will lead to a relluction In future payments or a cash refijnd. When contrlbutlons are not eXpted to be setued wholty Within 12 mcnths of the end of the r8porling date in whlch the employees rerKler the related service, th6 liabilty is mèasurad on d6scounted present value basi& The unwindFng of thè disc<xJnt is recognised as an 8xp8n88 Fn ihe period in which it arises. Llmiled by guarantee The tharity is a private company limited by guarantee, registered in England and Wale8 and a regisiered thartty in England and Wales. The address of the registered office ts 2nd Floor. Parkgates, Bury New Road, Preslwich, Manchester M25 OTL. In the event of the clrity belng wound up. members are required to contrlklrte amount not exceeding £1D.
Our Kids Company Limited by Guarnntee Notss to the ¢onsolldatsd Flnanclal Statsments (¢onNnuqdJ Year ended 31 December 2024 Donatlons and legatles Unrestricted Total Funds Unrestricted Total Funds Fund8 2024 Funds 2023 Donations Donations 19,401 19001 16,620 16,620 Donab'ons recelvable arè wholly attributable lo the charity. Other trdding artlvltleE Unrestrtctsd Total Funds IJnstricted Total Funds Funds 2024 . Funds 2023 Arrow Mill Managernent Ltd Easygift Trading Ltd 647,443 647.443 638,541 638,541 18,682,106 18,682.106 1e,007,247 16,007.247 19.329,549 19.329.549 16,845,788 16,645.788 Costs of oth•r tradlng actlvltles Unrestrfcted fotai Funds Unrestricted Total Funds Funds 2024 Funds 2023 Egfft Trading Ltd Arrow Mill Management Ltd 17,759.308 17,759,308 15,167,76e 15.167,766 691,766 691.756 640,130 64Q,130 18,451,064 12A51,064 15,807,896 15,807,896 8. Expèndlturn on ¢h4ritable acthiltles by fund typ Unr8stricW Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Ch8rty costs Support costs 329,767 36,473 366,240 329,767 36,473 388,240 383.474 40,583 424.057 363.474 40.583 424.057 Expènditure on ¢harltabh activilies by aetlvlty typ• Actlvities undèrtaken Granl funding directly of VitieS Support costs Totsl funds 2024 Total fijnd 2023 Charty Costs Govemance costs 268.465 81.302 329.767 36,473 3fj6,240 383,474 40,583 424,057 36,473 36.473 268,465 61,302
Our Kids Company Llmltsd by Guarantee Nots8 to th8 Consolidatsd Financial Statements Icoftdnuwlj Y•ar end•d 31 December 2024 10. Anaty4i¥ of grants 2024 2023 Grants to 5nstitutlon$ Asser Bishvil Foundation BCGCT Halberstadt British Frfends of RC Ohr Chodosh Tshva Tree Llfe Club Bels Teflla Bels Chaya Rochel Amud Haizdokoh Trust Ezra Care Kolyom Trusi Ahavas Chesed Trust Other 9r8nts under £1.000 per institution Bels Chaya Jrrc Yeshiva Gedola Zi¢hron Meir 4.960 2.000 1,080 9,77Q 2,280 3,000 13,860 12.000 180 4.800 600 7,710 300 1,70D 530 11,240 1,580 1 5.046 41A02 70,770 Grants to Indlvlduals Rell8f of povety & educational grants Tt)tal grant5 20.100 61.302 5,690 76,460 11. Not Incon Net income is stated after charglngl(creditlng>." 2024 2023 AmortlsaliCJr] of intsngible assets Deprecia*'Dn of tanglble fixed asgels 11.028 .85.190 1,837 82,668 12. Audltovs rnmun•ratiofj 2024 2023 F88s payable for the Éudit of the conlidated financial statements 9,000 9,000 Fees payable to the charitys 8uditor and ts assrtlates for other seNic88: Audit of the Consolldaied Flnénu81 Statements of asscciates I,aoo 11,500
Our Kids Cornpany Limited by Guarantee Notes to the Consolidated Financial Statements fconthu•4 Year ended 31 December 2024 13. Staff Thè total st2ff costs and employee benefits for the reporting periÉxl are anawd as follows: 2024 2023 Wages and salaries Social security costs Employer contributlons to pension plans 1,457N21 82A14 19.067 1,568.802 1,232,620 69,021 16,513 1,318,154 The aveRge head count of empk)yee8 during the year vrdS 48 (2023: 46). The avewe number cf full-time equivalent employees during the year Is analysed as follow>. 2024 No. 2023 No. Number tsf distribution staff - Easygift Tradlng Ltd Number of administratlve staff - Arrow Mtll Management Ltd 10 10 46 No emFtye recaved empbyee benefits of rnore than £60,000 during the year {2023: NSD. 14. Truste¢ r•mun6ration and expenseG No remuneration or other benefts from ernployment wrth the chaiity or a relatfjd entity were rgcei¥ed or expenses relmbur8ed by the Irustees. 15. InLqnglble as80ts Websltè C08t At 1 January 2024 and 31 O•c•rnber 2024 Amortlsation At 1 January 2024 Charge forthe year At 31 Doo?mber 2024 Carrying amoullt At 31 Docernr 2024 At 31 December 2023 44125 1,837 11.028 12,865 31,260 42,28B -25-
Our Kids Company Llmlted by Guarantee Notes to the Consolldated Flnancial Statements fconllnutd) Year ended 31 December 2024 16. Tanglble Ilxed a8s•ts L8n¢ and Plant and Fixtures and bulbjings machinery fittings Motor vehicles Solar Panels Tolal At 1 Jan 2024 Addilions 1855,689 293,186 13,471 3fA,657 744,995 155,056 900,051 31,541 150,cc {075A11 11&527 150,000 4.243,938 At 31 Dec 2024 2,855,689 31,541 Dwr¢¢iatior4 At l Jan 2024 Charge for the 85,093 261,493 425.451 27.565 15,000 814,602 2.078 87,171 8,858 270,351 65,758 491,209 7.500 22,500 85.190 899,792 At 310•¢ 2024 Carylng amount At 31 Dee 2024 28,561 2,768,518 2,770.596 36,306 408,842 319,544 2.980 3,976 127,51KI 3,344146 135,CwJO 3,260,8Q9 At 31 Dec 2023 31,693 The freehold propety, Arrow Mlll, was extemally revaIld on 9th August 2017. The valuation was c8rried out by JJL &Jrveyor4 cn behalf of Santander PIC (the mortgage Provider of the charity}. Per the trustees Ihls represents a fair value of the Ire*hold property. The net book value of fixed assets include £376,495 (2022 £359,409) attributable lo the subsidiari88. the remaining value is attributable to th8 tharity. 17. Invesbnenta Other Inve8thients Cost or vluatlon At l January 21J24 and 31 Decembor 3024 Impalmknnl At 1 January 2024 and 31 Dèoember 2024 Carytng amount At 31 Docember 2024 At 31 December 2023 2,87S 2,875 2,875 AN Inv8strnents shown ats)ve are held at valuation, 18. 8toeks 2024 2023 Raw materials consumables 6,835,134 4,791,659 Al stocks are attributa5 to the subsidiaries of Ihe tharfty. .26.
Our Klds Company Llmlted by Guarante• Notes to the Consolidatsd Financial Staternents (conthuad) Year ended 31 December 2024 19. D•btors Debtrjrs include £1.369,280 (2023 £1,269.178) attributable to the sulJsKli8ries of the parent chanty. The remaining amunt is attributable to the charlty. 20. crgdlt0. amounts faAllng due wlthlTh one year 2024 2023 Bank loans and over(Irafts Traae credllors Accm818 and deferred incomé. Soclal seojthy and other taxes Obligalions under finance leases and hlre purchase contracts Other Greditots 2.905.681 1,299.283 218,824 769,179 25.000 190,644 5AOB,611 1,522.101 1,421,857 271.682 750.729 25,000 27,904 4.D19,273 Credltots lalling due withln Dnt year Include £5,011,29212023 £3,860.454) attributable to the sUld[aIles of the charity, the balance belng due by the charity. 21. CYedrtor8: arnou falling du• after moro than one year 2024 2023 Bank IDan8 and e¥erdr8ft8 Obligallons under finance leases and hire purthase contracts Other credltors 27,037 603,089 52,083 77.083 2,208.32S 1,786,774 2,287345 2,486.946 Creditors falling due after mofe than one year IncludÉ £1,535,790 {2023 £1.279.532) 8ttributable lo Ihe subsldiaries of the charity. Th8 remaining amount ts due by the charlty. Bank loans and overdrafts ale secured against the rwoperty of the charity as well as 8 cross guarantee frorn the subsldlarles. 22. Flnance lea868 and hlm purchase ¢ontraet8 The total future minimum l¢ase paYrnts under flnanGe leases and hire wrch88e contracts are as follows: 2024 2023 Not later than l year Lat8r than l year and not later than 5 Te 26,000 S2,083 77,083 25,000 77,083 102.t)83
Our Kids Company Llmited by Guarantee Notes to the Consolldated Flnanclal Statsmonts (¢on¢lnued) Year endgd 31 Decomber 2024 23. Penslon8 and other M retlremèrtt behefrt8 D•fin¢d ¢ontrlbutlon plans The amount recognised in Income or expenditure as an expense in relation to dafined contributM)n F4an8 was £19.067 (2023: £11513). 24. Anjlysls ol charitablo funds Unrestrieted funds At 1 January 202 At 31 December 2024 Income ExperKliture General funds Revaluation reserve 3,553.136 19,348,950 (18,817,304) 4.084.781 1,110.634 1,110,634 4.663,769 19,348,QS0 (18,817,304) 4195,415 At l January 202 31 December 2023 Income Expenditure 3.122.680 1e,662,408 (18,231,953) 3,553,13S 1,110,634 1.110.634 4,233,314 16,662,408 (16.231,953) 4.883.7fj9 General funds Revalustion reserve -28-
Our Klds Cornpany Limlted by Guarantse Notes to the Consolldated Flnanclal Statèm•nts (Mnunuodj Year ended 31 December 2024 26. Analysls of net a8set8 between fur Unrestrtcted Total Funds Funds 2024 Int8ngible 855ets Tangible fixed assets Investrnents Current assets Creditors less than l year Creditors greater than 1 year 31,260 31,260 3.344.146 4344,146 2,875 2,875 9,513,190 9,513,190 (5,408,611) (5,408.611> (2.287,445) (2,287,4451 5.195,415 5,195.416 Unrextrlthd Total Funds Funds 2023 Intangible assets Tanglble fed assets Investsnents Current assets Credilors less than 1 year Creditcrs greater than l year Not a$8ets 42.288 42.288 3,260,8C9 1260,809 2,875 2.875 7,844,016 7,844,018 (4,019.273) (4,019,273) {2,466.946) (2.466.946) 4.663,769 4,S63,769 26. Analysls tsf change$ in not debt At At l Jan 2024 Cash Ilows 31 Dec 2024 Cash at bank and in hand Debt due withln one year Debt due after one year 1.475,539 (168.962) 1.306,677 (1.647.101) (1,383,580) (2,930,681) (680,172) 601,052 (79.120) (751,734) (g51.490) (1.703,2241 27. Rokted pa Mr S Rose. Is 8 dlractor 8nd shar8holder of Easygrft Trading LIMI and anOtr mpafty Easygift Logistics Ltd. During the y68r, Easygift Trading Ltd paid £740,320 {2023 £722,330) to Easyglft LogislKs Ltd for the provislon of key management personnel and Staff. This was paid wlthin a servlees agreemant LEtween the two companies. Included wthln creditors greater than one yaar is an amount of £1,158,229 (2023 £1,1 a4.923) owing from Easyglft Trsdrng Ltd to Easygift Logistics Ltd. -29-
OUR KIDS CHARITY Notes to the non-consolldated flNncSal statements year ended 31 Deeember 2024 Tanglble aasets Property P&M F&F Solar Total panels C4Xt At 1 January 2024 and 31 December 2024 2,762,267 104,587 40,310 150,000 3,057,164 Dgpreolatlon At 1 January 2024 77,889 35,875 7,500 121,264 Charge for ihe year 4,005 7,500 12,170 At 31 December 2024 81,894 36,540 15,CQO 133,434 Carrylng amount Al 31 Docember 2024 2,762,267 22,093 3,770 135,000 2,923,730 Al 31 December 2023 2,762,267 26.698 4,435 142.500 2,935.900 Pag• 30
OUR KIDS CHARrrY Notes to thè non4ohsolldated Ilnanelal statemer Year ended 310ecember 2024 29. Investments Shares In subsidiaries Other Total Investmenis At 1 J2nu8ry 2024 1,18S,002 2,875 1,187,877 Additions 180,OIYJ 180,000 At 31 December 2024 1,365,002 2,87S 1.367,877 Impalrnient At 1 January 2Q24 and 31 December 2024 Carrylng Amount At 31 Decemb•r 2024 1,365,002 2,875 1,367,877 At 31 Dec8mb8r 2023 1.1,002 2,875 1,187.877 Debtors 2024 2023 Amourtts owecl by group undertakings Other debtors 346,538 221638 309,546 307,640 656,084 530,178 Pagè 31
OUR KIDS CHARITY Notes to thfr n¢)n4onsolidated fÉnancial statsments Year ended 31 December 2024 31. Credltors: amounts faiithg due wllhln Dne year 2024 2023 88nk loans and overdrafts 1C6,080 106,080 A¢Gruals and deferted income 37,239 37,239 Obligations under finance leases 25,DCN) 25,000 Other cx8ditors 48.000 48,0(J) 216,319 218,319 32. Credltors: amounts lalllng due after more than ono y•ar 2024 2023 Bank loans and overdrafts 474,303 571,435 Obiigations urKfer finance leases 51083 77,Q83 Other creditors 406,269 481,397 932,655 1,129,91S Page 32