COMPANY REGISTRATION NUMBER: 07195995 CHARITY REGISTRATION NUMBER: 1115104
Kids Trust
Company Limited by Guarantee Unaudited Financial Statements 31 December 2024
LEVENSONS LTD
Chartered Certified Accountants Rico House George Street Manchester M25 9WS
Kids Trust
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Chartered certified accountants report to the board of trustees | |
| on the preparation of the unaudited statutory financial | |
| statements | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
Kids Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 December 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024.
Reference and administrative details
Registered charity name Kids Trust Charity registration number 1115104 Company registration number 07195995 Principal office and registered 446 Lower Broughton Road office Salford M7 2FG
The trustees
Dr C Tomlin Rabbi D Jaffe Mrs R Marks Accountants Levensons Ltd Chartered Certified Accountants Rico House George Street Manchester M25 9WS
Structure, governance and management
Governing document
The charity is constituted as a company limited by guarantee, and is therefore governed by its Memorandum and Articles of Association, incorporated on 19 March 2010.
Recruitment and appointment of new trustees
New trustees are appointed due to their interest in the work of charity and their recognised experience in specific fields which will further support the work of the charity.
Organisational structure
The trustees administer the day-to-day affairs of the charity. None of the trustees have any beneficial interest in the charity.
Induction and training of new trustees
New trustees are given a full induction by the directors. Trustees can retire when they wish as they do not serve under a fixed term of tenure.
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Kids Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2024
Objectives and activities
Objectives and aims
The aim of the charity is to enable children and teenagers and their families to deal with their issues, turn their lives around and become fully functioning and productive members of society. To do this the charity provides signposting, counselling, financial as well as practical support to the children, teens and their families.
Public benefit
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
We are pleased to report a successful year for the charity. The charity was able to provide assistance to over 100 individuals through signposting, counselling and other means. A building was purchased during the year as a means of providing income and availability to the charity, utilising funds donated by entities associated with the Trustees and others. The trustees wish to place on record their appreciation to donors for enabling these activities to take place. We look forward to a further year of growth and continued success.
Financial review
Financial position
Income from donations totalled £419,546 (2023 - £41,345). Expenditure in furtherance of charitable activities aggregated £24,511 (2023 - £46,374) resulting in net income of £395,035 (2023 - expenditure of £5,029). The financial results of the charity's activities for the year to 31 December 2024 are fully reflected on pages 4 and 5 of the Financial Statements together with the notes thereon.
Reserves policy
The trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have. Reserves are needed to bridge the funding gaps between spending on activities and receiving resources through voluntary grants. The trustees consider that the ideal level of reserves would be three months of resources expended which equates to approximately £6,000. The actual free reserves as at the year end were £852 which is lower than our target figure. In calculating the free reserves, the trustees have excluded from total funds the fixed assets of £396,498.
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Kids Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2024
The trustees' annual report and the strategic report were approved on 31 October 2025 and signed on behalf of the board of trustees by:
Rabbi D Jaffe Trustee
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Kids Trust
Company Limited by Guarantee
Chartered Certified Accountants Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of Kids Trust
Year ended 31 December 2024
As described on the statement of financial position, the trustees of the charity are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes.
You consider that the charity is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
LEVENSONS LTD Chartered Certified Accountants
Rico House George Street Manchester M25 9WS
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Kids Trust
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 December 2024
| 2024 | 2024 | 2023 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 419,546 | 419,546 | 41,345 |
| Total income | 419,546 | 419,546 | 41,345 | |
| Expenditure | ||||
| Expenditure on charitable activities | 6,7 | 24,511 | 24,511 | 46,374 |
| Total expenditure | 24,511 | 24,511 | 46,374 | |
| Net income/(expenditure) and net movement in funds | 395,035 | 395,035 | (5,029) | |
| Reconciliation of funds | ||||
| Total funds brought forward | 611 | 611 | 5,640 | |
| Total funds carried forward | 395,646 | 395,646 | 611 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 13 form part of these financial statements.
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Kids Trust
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 396,498 | 178 |
| Current assets | |||
| Cash at bank and in hand | 630 | 1,175 | |
| Creditors: amounts falling due within one year | 14 | 1,482 | 742 |
| ������� | ������� | ||
| Net current liabilities | (852) | 433 | |
| ��������� | ���� | ||
| Total assets less current liabilities | 395,646 | 611 | |
| ��������� | ���� | ||
| Net assets | 395,646 | 611 | |
| ��������� | ���� | ||
| Funds of the charity | |||
| Unrestricted funds | 395,646 | 611 | |
| ��������� | ���� | ||
| Total charity funds | 15 | 395,646 ��������� |
611 ���� |
For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 31 October 2025, and are signed on behalf of the board by:
Rabbi D Jaffe Trustee
The notes on pages 7 to 13 form part of these financial statements.
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Kids Trust
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 446 Lower Broughton Road, Salford, M7 2FG.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Kids Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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Kids Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
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Kids Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Financial instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
Every member of the Charity undertakes to contribute such amount as may be required (not exceeding £1) to the Charity's assets if it should be wound up whilst he or she is a member or within one year after he or she ceases to be a member, for payment of the Charity's debts and liabilities contracted before he or she ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations type 1 | 419,546 | 419,546 | 41,345 | 41,345 |
| ��������� | ��������� | �������� | �������� |
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Kids Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
6. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Activity type 1 | 18,277 | 18,277 | 38,310 | 38,310 | |
| Support costs | 6,234 | 6,234 | 8,064 | 8,064 | |
| 24,511 | 24,511 | 46,374 | 46,374 | ||
| 7. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly Support costs | 2024 | 2023 | |||
| £ | £ | £ | £ | ||
| Activity type 1 | 18,277 | 6,234 | 24,511 | 46,374 | |
| 8. | Analysis of support costs | ||||
| Total 2024 | Total 2023 | ||||
| £ | £ | ||||
| General office | – | 1,562 | |||
| Governance costs | – | 1,200 | |||
| – | 2,762 | ||||
| 9. | Net income/(expenditure) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | Net income/(expenditure) is stated after charging/(crediting): | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 27 | 31 | |||
| 10. | Independent examination fees | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 740 | 1,200 | |||
| 11. | Staff costs |
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
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Kids Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13. Tangible fixed assets
| Freehold | Fixtures and | |||
|---|---|---|---|---|
| property | fittings | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 January 2024 | – | 1,046 | 1,046 | |
| Additions | 396,347 | – | 396,347 | |
| At 31 December 2024 | 396,347 | 1,046 | 397,393 | |
| Depreciation | ||||
| At 1 January 2024 | – | 868 | 868 | |
| Charge for the year | – | 27 | 27 | |
| At 31 December 2024 | – | 895 | 895 | |
| Carrying amount | ||||
| At 31 December 2024 | 396,347 | 151 | 396,498 | |
| At 31 December 2023 | – | 178 | 178 | |
| 14. | Creditors: amounts falling due within one year | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Accruals and deferred income | 1,482 | 742 |
15. Analysis of charitable funds Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 January 202 | 1 January 202 | 31 December | 31 December | ||
| 4 | Income | Expenditure | 2024 | ||
| £ | £ | £ | £ | ||
| General funds | 611 | 419,546 | (24,511) | 395,646 | |
| At | At | ||||
| 1 January 202 | 1 January 202 | 31 December | 31 December | ||
| 3 | Income | Expenditure | 2023 | ||
| £ | £ | £ | £ | ||
| General funds | 5,640 | 41,345 | (46,374) | 611 |
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Kids Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
16. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2024 | |
| £ | £ | |
| Tangible fixed assets | 396,498 | 396,498 |
| Current assets | 630 | 630 |
| Creditors less than 1 year | (1,482) | (1,482) |
| Net assets | 395,646 | 395,646 |
| Unrestricted | Total Funds | |
| Funds | 2023 | |
| £ | £ | |
| Tangible fixed assets | 178 | 178 |
| Current assets | 1,175 | 1,175 |
| Creditors less than 1 year | (742) | (742) |
| Net assets | 611 | 611 |
17. Related parties
Trustees donated £334,000 during the year via companies they control.
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