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2021-12-31-accounts

Company number: 7356380 Charity number: 1138653

Kahaila Limited

(A Charity Company Limited by Guarantee, company number 7356380)

Financial Statements

and

Trustees' Report

for the year ended 31 December 2021

Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

Page 1 of 18

AT Kahaila Limited

(A Charity Company Limited by Guarantee, company number 7356380)

Index to the Financial Statements for the year ended 31 December 2021

Page
Index to the Financial Statements 2
Charitable Company Information 3
Trustees' Report 4 - 6
Statement of Trustees' Responsibilities 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Statement of Financial Postion 10
Statement of Cash Flows 11
Accounting Policies 12 - 13
Notes to the Accounts 14 - 18

Page 2

Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

Page 2 of 18

(A Charity Company Limited by Guarantee, company number 7356380)

AT Kahaila Limited

Charitable Company Information

for the year ended 31 December 2021

Status: Kahaila Limited is a company limited by guarantee and a registered charity governed by
its memorandum and articles of association. The directors of the charity are its trustees
for the purposes of charity law and throughout this report are collectively referred to as
the trustees.
Charity name: Kahaila Limited
Company registration number: 7356380
England
Charity registration number: 1138653
Registered office: 135 Brick Lane
London E1 6SB
Operations address: 135 Brick Lane
London E1 6SB
Trustees who held office William Garwood
during the year: Steve Rouse
Michael Stickland
John Woolley
Natalie Robinson
Sally Harman
Chairperson: John Woolley
Treasurer: Michael Stickland
Secretary: Paul Unsworth
Independent Examiner: Anthony Armstrong FCA
Armstrong & Co
Chartered Accountants & Statutory Auditor
4a Printing House Yard
Hackney Road
London E2 7PR
Bankers: CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill, West Malling,
Kent ME19 4JQ
0
HSBC
465 Bethnal Green Road
London E2 9QW

Page 3

Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

Page 3 of 18

(A Charity Company Limited by Guarantee, company number 7356380)

AT Kahaila Limited

Trustees' Report, incorporating the Directors' Report

for the year ended 31 December 2021

The Trustees of Kahaila Limited present their report together with the financial statements for the year ended 31 December 2021.

Trustees

The Trustees of the charity who held office during the year are disclosed on page 3.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Kahaila Limited is a company limited by guarantee, incorporated on 25 August 2010 and registered as a charity on 28 October 2010. The company was established under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1 each.

Public Benefit

In planning all the charity's activities the trustees take into account the Charity Commission guidance on public benefit and aim to meet its obligations both in spirit and in letter.

The charitable causes we are currently investing in are explained further in the report.

Board of Trustees

We have a minimum of three trustees and new trustees are appointed by agreement of the existing trustees. Potential trustees are provided with a detailed job description and invited to a board meeting. After completing the relevant paperwork, and approved, they are then voted on at the next Board meeting and must have the majority support of the Board.

Our trustees recognise that they have a duty to safeguard our assets and take steps to ensure that Kahaila Limited is being properly managed and that our funds are being spent appropriately.

The trustees ensure that major risks including; governance, operational, financial, external and compliance with legal requirements are identified and reviewed on a regular basis and that we have adequate systems in place to mitigate these risks.

In addition, the trustees ensure that Kahaila Limited has access to professional legal and financial advice where appropriate.

Meetings are held on average every three months. Trustees receive a quarterly activity report as well as financial and budgetary reports.

Management and Key Staff

Paul Unsworth is Kahaila Limited Director, and he communicates regularly with the Chair and members of the Board particularly in relation to major decisions on finance and strategy.

We have policies and procedures covering Health and Safety, Child Protection, Equal Opportunities, Finances and a staff handbook and volunteer handbook.

All our activities are well organised, risk assessed and supervised. A de-briefing takes place with staff and volunteers after each activity, results are written up and filed and any action to be taken is reported to the management.

Premises

A lease was signed for 5 years on 2nd April 2012 on 135 Brick Lane to provide premises from which the charity will operate in fulfilling its charitable objectives. This lease was renewed for an additional 6 years, on 2nd April 2017.

A lease was signed for 5 year on 16th April 2018 on Portsoken Pavilion, 1 Aldgate, London EC3N 1AF to provide premises for a second community café. On the 18th May 2021 we activated the break clause and ended the lease, due to the devastating impact of Covid-19.

AIMS OBJECTIVES AND ACTIVITIES

Aims

As per our Governing Document, Kahaila Limited was established for; the advancement of the Christian faith; the advancement of health and the preservation and protection of public health generally; the relief of persons who are in need, hardship of or distress and the prevention and relief of poverty; the advancement of education.

The Directors have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the aims and objectives and in planning future activities. In particular, the Directors consider how planned activities will contribute to the aims and objectives they have set. The main activities undertaken to further Kahaila’s purposes for the public benefit are explained later in this report.

Page 4

Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

Page 4 of 18

(A Charity Company Limited by Guarantee, company number 7356380)

AT Kahaila Limited

Trustees' Report, incorporating the Directors' Report

for the year ended 31 December 2021

Objectives

Kahaila Limited aims to build community that brings life in all its fullness.

Therefore, we aim to

Kahaila Limited fulfils its objectives through the following activities

A café that provides a forum for people to not only experience and build community in a fresh new way but also to allow them to explore faith in a non-threatening and comfortable place, where there is no pressure to be anything other than yourself.

A church community that gathers regularly in Brick Lane and Forest Gate, modelling our values of belonging, community, serving, faith and generosity.

The development of Kahaila’s projects which are:

Essence - Based in a women’s prison delivering non-formal education through accredited and innovative Life Skills courses, outreach, mentoring, and pastoral support to women in prison and as they resettle back into the community upon their release. We aim to empower women to break free from the destructive cycles they are caught in - equipping them with new skills, aiding successful resettlement and reduce re-offending.

On the 28th February 2021, the trustees approved that Essence and all its assets were transferred to registered charity Imago Dei Prison Ministry (Charity no 1165176).

BREW – An employability programme for members of the homeless community. We offer a barista training course and offer paid employment within our community café’s. Through training and employment, we aim to create a sustainable solution for homeless people to rebuild their lives.

ACHIEVEMENTS AND PERFORMANCE

Our achievements against performance can be seen by comparing our objectives above against our activities.

FINANCIAL REVIEW

Results for the year

The results of the period and financial position of the charity are shown in the annexed financial statements.

The Statement of Financial Activities shows net expenditure for the year of £38,576 and reserves of £(66,099).

Reserves Policy

It is considered prudent that Kahaila Limited should aim to have a minimum level of general reserves of £27,000 to cover unforeseen circumstances and key salaries for three months. We are not currently achieving this target.

Kahaila Limited, in line with its business plan and fundraising strategy, plans to maintain this level of reserves over the next three years through prudent management of income and expenditure.

Related Party Transactions

The Trustees confirm that Kahaila Limited did have related party transactions during the year. Details are shown at note 28 to the accounts.

Page 5

Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

Page 5 of 18

(A Charity Company Limited by Guarantee, company number 7356380)

AT Kahaila Limited

Trustees' Report, incorporating the Directors' Report

for the year ended 31 December 2021

Guarantees

Members on the board of Trustees of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 December 2021 was 6. The Trustees have no beneficial interest in the charitable company.

Independent Examiner

The Independent Examiner, Anthony Armstrong FCA of Armstrong & Co, has indicated his willingness to be proposed for reappointment.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Trustees on 25 October 2022 and signed on its behalf by:

John Woolley, Trustee

Page 6

Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

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(A Charity Company Limited by Guarantee, company number 7356380)

AT Kahaila Limited

Statement of Trustees' Responsibilities for the year ended 31 December 2021

The trustees (who are the directors of Kahaila Limited for the purpose of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and charity legislation. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 7

Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

Page 7 of 18

(A Charity Company Limited by Guarantee, company number 7356380)

AT Kahaila Limited

Independent Examiner's Report to the Trustees of Kahaila Limited

I report on the accounts of Kahaila Limited for the period from 1 January 2021 to 31 December 2021, which are set out on pages 9 to 18.

This report is made solely to the trustees as a body in accordance with section 145 of the Charities Act 2011 (the Charities Act) and regulations made under section 154 of that Act. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the trustees as a body, for my examination, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

As described on page 7, the trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the the Charities Act and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales (ICAEW).

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect:

I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Anthony Armstrong FCA, Independent Examiner

of Armstrong & Co Chartered Accountants & Statutory Auditor

4a Printing House Yard Hackney Road London E2 7PR

Dated: 25 October 2022

Page 8

Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

Page 8 of 18

(A Charity Company Limited by Guarantee, company number 7356380)

FS Kahaila Limited

Statement of Financial Activities

incorporating the income and expenditure account for the year ended 31 December 2021

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Trading activities
5
Investments
6
Other income
7
Total income
Expenditure on:
Raising funds
8
Charitable activities
9
Total expenditure
Net income/(expenditure) and movement in funds
Reconciliation of funds:
Total funds brought forward
17
Total funds carried forward
17		 2021
Total Funds
£
48,962
307,766
-
3
2,024
358,755
887
396,444
397,331
(38,576)
(27,523)
(66,099)		 2020
Unrestricted
Funds		 Restricted
Funds		 Total Funds
£
48,962
256,596
-
3
2,024		 £
-
51,170
-
-
-
51,170
-
51,170
51,170
-
5,333
5,333		 £
174,307
404,018
1,773
9
-
307,585 580,107
887
345,274		 7,799
774,564
346,161 782,363
(38,576)
(32,856)		 (202,256)
174,733
(71,432) (27,523)

All incoming resources and resources expended are derived from continuing activities. The statement of financial activities incorporates an income and expenditure account. The accompanying accounting policies and notes form an integral part of these financial statements.

Page 9

Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

Page 9 of 18

(A Charity Company Limited by Guarantee, company number 7356380)

Kahaila Limited

Statement of Financial Postion

as at 31 December 2021

31 December 2021 31 December 2021 31 December 2020 31 December 2020
Notes £ £ £ £
Fixed assets:
Tangible assets 11 759 1,500
Total fixed assets 759 1,500
Current assets:
Stocks 12 2,500 2,500
Debtors 13 21,281 34,969
Cash at bank and In hand 13 34,421 31,761
Total current assets 58,202 69,230
Creditors: amounts falling due within one year 14 72,760 59,953
Net current assets/(liabilities) (14,558) 9,277
Total assets less current liabilities (13,799) 10,777
Creditors: amounts falling due after more than one
year		 15 52,300 38,300
Total net assets (66,099) (27,523)
The funds of the charity:
Restricted funds 19 5,333 5,333
Unrestricted funds 14 (71,432) (32,856)
Total charity funds 21 (66,099) (27,523)

The directors are satisfied that the company is entitled to exemption from audit under Section 477 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

(i) ensuring that the company keeps proper accounting records which comply with Section 386 of the Companies Act 2006; and

(ii) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its surplus or deficit for the financial year in accordance with the requirements of Section 394 and 395 of the Companies Act 2006, and which otherwise comply with the requirements of this act relating to accounts, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard 102.

The financial statements were approved by the Board of Trustees on 25 October 2022 and signed on its behalf by:

John Woolley Trustee

The notes on pages 12 to 18 form part of these accounts.

Page 10

Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

Page 10 of 18

(A Charity Company Limited by Guarantee, company number 7356380)

Kahaila Limited

Statement of Cash Flows

for the year ended 31 December 2021

Notes
Cash flows from operating activities:
Net cash provided by/(used in) operating activities
1
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of property, plant and equipment
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
2
Cash and cash equivalents at the end of the reporting period
2
Notes to the Cash Flow Statement
1)
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities
2)
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
Reconciliation of net income/(expenditure) to net cash flow from
operating activities
Net income/(expenditure) for the reporting period (as per the statement of financial
activities)		 2021
£
2,657
3
-
3
2,660
31,762
34,422
2021
£
(38,576)
741
(3)
13,688
26,807
2,657
2021
£
34,422
34,422		 2020
£
(216,268)
9
(1,519)
(1,510)
(217,778)
249,540
31,762
2020
£
(202,256)
740
(9)
9,031
(23,774)
(216,268)
2020
£
31,762
31,762

Page 11

Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

Page 11 of 18

(A Charity Company Limited by Guarantee, company number 7356380)

Kahaila Limited

Accounting Policies for the year ended 31 December 2021

Basis of preparation

The financial statements have been prepared in accordance with:

Public benefit entity

The charitable company meets the defination of a public benefit entity under FRS 102.

Going concern

The Kahaila Board of Trustee confirms their assumption that Kahaila Limited is a going concern and no significant uncertainty exists in this respect. The assumption is based on professional and legal advice from Weil, Gotshel and Manges LLP and insolvency specialist Phil Reynolds of FRP Advisory. As well as carrying out a cash flow forecast based on sales forecast and government support cash grants. The trustees have been monitoring the financial position on a regular basis, the minutes give an accurate account of the meetings and the decisions made.

Income recognition

Income is recognised when the charity has a contractual or other right to its receipt, it is probable that the income will be received and that the amount can be measured reliably. Income with conditions attached to its receipt is recognised when those conditions have been fulfilled.

Voluntary income received by way of donations and gifts is included in full when received. Donated services and facilities are recognised as an incoming resource where the provider of the service has incurred a financial cost. Volunteer time is not included in the financial statements.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. The charity is registered for VAT and accordingly expenditure excludes VAT where appropriate. Expenditure included in Raising Funds includes amounts incurred in obtaining grants and other donations.

Charitable expenditure includes those costs expended in fulfilling the charity’s principal objects, as outlined in the Report of the Trustees. These include grants payable, governance costs and an apportionment of support costs.

Costs are allocated directly to projects where they can be identified as relating solely to that project. Other costs are allocated between the funds based on staff time spent on the fund activities or other appropriate criteria.

Restricted Funds

Restricted funds are to be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified to the fund together with a fair allocation of other costs.

Unrestricted Funds

Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Page 12

Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

Page 12 of 18

(A Charity Company Limited by Guarantee, company number 7356380)

Kahaila Limited

Accounting Policies

for the year ended 31 December 2021

Pensions

The charity operates defined contribution schemes which are administered by outside independent pensions providers. Contributions payable for the year are charged to the Statement of Financial Activities.

Tangible Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Premises Improvements - 25% on cost
Plant & machinery - 25% on cost
Furniture & fixtures - 25% on cost
Office equipment - 25% on cost

Items of equipment are only capitalised where the purchase price exceeds £500.

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Page 13

Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

Page 13 of 18

(A Charity Company Limited by Guarantee, company number 7356380)

F Kahaila Limited

Notes to the Accounts

for the year ended 31 December 2021

1 Incoming resources

The incoming resources and surplus are attributable to the principal activities of the charity.

2 Net outgoing resources

Net outgoing resources
Net outgoing resources are stated after charging:
Independent Examiner's fees - reporting service
Independent Examiner's fees - other services
Depreciation - owned assets
Trustees' emoluments		 2021
£
1,200
6,454
741
-		 2020
£
1,200
500
740
-

Trustees' emoluments

Emoluments include salaries, fees, bonuses, expense allowances and estimated non-cash benefits receivable. All trustees serve in a voluntary capacity and do not receive payment for their services.

Income from donations and legacies
Gift aid tax recovered
Gifts and donations		 Unrestricted
£
5,780
43,182
48,962		 Restricted
£
-
-
-		 2021
Total
£
5,780
43,182
48,962		 2020
Total
£
7,584
166,723
174,307
4
Income from charitable activities
Cafe sales
Ella
Grant income
5
Income from trading activities
BEAM income
Venue hire
6
Income from investments
Interest Income
7
Other income
Other
8
Expenditure on raising funds
Advertising and promotion
Website		 Unrestricted
£
204,866
2,527
49,203
256,596
Unrestricted
£
-
-
-
Unrestricted
£
3
3
Unrestricted
£
2,024
2,024
Unrestricted
£
887
-
887		 Restricted
£
-
-
51,170
51,170
Restricted
£
-
-
-
Restricted
£
-
-
Restricted
£
-
-
Restricted
£
-
-
-		 2021
Total
£
204,866
2,527
100,373
307,766
2021
Total
£
-
-
-
2021
Total
£
3
3
2021
Total
£
2,024
2,024
2021
Total
£
887
-
887		 2020
Total
£
194,619
64,128
145,271
404,018
2020
Total
£
300
1,473
1,773
2020
Total
£
9
9
2020
Total
£
-
-
2020
Total
£
7,002
797
7,799

Page 14

Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

Page 14 of 18

(A Charity Company Limited by Guarantee, company number 7356380)

F Kahaila Limited

Notes to the Accounts

for the year ended 31 December 2021

9
Expenditure on charitable activities
Staff salaries
Staff pensions
Café purchases
Café small equipment
Café rent, rates & maintenance
Café assets depreciation
Evangelism & ministry expenses
Gifts & donations
Conferences & training
Travel & meeting expenses
Office expenses
Miscellaneous expenses
Bank charges
Legal and professional fees
Payroll costs
Independent examiner's fees
10 Staff costs
Staff salaries
Staff pensions
Average number of employees during the year was:		 Unrestricted
£
119,725
14,033
74,245
1,928
110,189
740
221
5,696
10
2,130
2,339
5,281
841
6,696
-
1,200
345,274		 Restricted
£
51,170
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
51,170		 2021
Total
£
170,895
14,033
74,245
1,928
110,189
740
221
5,696
10
2,130
2,339
5,281
841
6,696
-
1,200
396,444
2021
£
170,895
14,033
184,928
14		 2020
Total
£
475,435
10,175
81,662
10,286
147,997
740
263
9,600
1,857
1,675
12,477
9,654
720
7,822
2,501
1,700
774,564
2020
£
475,435
10,175
485,610
34

Average number of employees during the year was:

No remuneration was paid to any Trustee or their associates for services as a trustee during the year ended 31 December 2021 nor to 31 December 2020.

Employees paid in excess of £60,000 during the current year and previous year:

11 Tangible fixed assets
Tangible 1
£
Cost
As at 1 January 2021
-
As at 31 December 2021
-
Depreciation
As at 1 January 2021
-
Charge for the year
-
As at 31 December 2021
-
Net book value
As at 31 December 2021
-
As at 31 December 2020
-		 Premises
Improvements
£
67,206		 Plant &
machinery
£
32,743
32,743
31,604
380
31,984
759
1,139		 Furniture &
fixtures
£
11,287
11,287
10,926
361
11,287
-
361		 Office
equipment
£
2,499
2,499
2,499
-
2,499
-
-		 Total
£
113,735
67,206 113,735
67,206
-		 112,235
741
67,206 112,976
- 759
- 1,500

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Page 15 of 18

(A Charity Company Limited by Guarantee, company number 7356380)

F Kahaila Limited

Notes to the Accounts

for the year ended 31 December 2021

12
13
14
15
16
17
**18 **		 Stocks
Stock
Debtors: amounts falling due within one year
Rent deposit
Prepayments
Card sales control
Creditors: amounts falling due within one year
Creditors
VAT liability
PAYE
Accruals
Loan 1 < 12 mths
Creditors: amounts falling due after more than one year
Loan 1 > 12 mths
Loan 2 > 12 mths
Maturity of debt
Amount falling due:
In one year or less
Between one and two years
Between two and five years
The funds of the charity: current year
Opening
balance
£
Restricted funds
Restricted funds
5,333
Unrestricted funds
General funds
(32,856)
(27,523)
The funds of the charity: prior year
Opening
balance
£
Restricted funds
Restricted funds
91,634
Unrestricted funds
General funds
83,099
174,733		 Stocks
Stock
Debtors: amounts falling due within one year
Rent deposit
Prepayments
Card sales control
Creditors: amounts falling due within one year
Creditors
VAT liability
PAYE
Accruals
Loan 1 < 12 mths
Creditors: amounts falling due after more than one year
Loan 1 > 12 mths
Loan 2 > 12 mths
Maturity of debt
Amount falling due:
In one year or less
Between one and two years
Between two and five years
The funds of the charity: current year
Opening
balance
£
Restricted funds
Restricted funds
5,333
Unrestricted funds
General funds
(32,856)
(27,523)
The funds of the charity: prior year
Opening
balance
£
Restricted funds
Restricted funds
91,634
Unrestricted funds
General funds
83,099
174,733		 Resources
arising
£
51,170
307,585
358,755
Resources
arising
£
80,271
499,836
580,107		 Resources
utilised
£
(51,170)
(346,161)
(397,331)
Resources
utilised
£
(166,572)
(615,791)
(782,363)		 2021
£
2,500
2,500
2021
£
20,000
-
1,281
21,281
2021
£
22,780
8,371
1,518
33,491
6,600
72,760
2021
£
32,300
20,000
52,300
2021
£
6,600
7,600
44,700
58,900
Other
movements
£
-
-
-
Other
movements
£
-
-
-		 2020
£
2,500
2,500
2020
£
34,400
569
-
34,969
2020
£
14,639
3,145
3,430
35,737
3,002
59,953
2020
£
38,300
-
38,300
2020
£
3,002
3,002
35,298
41,302
Closing
balance
£
5,333
(71,432)
(27,523) (66,099)
Opening
balance
£
91,634
83,099		 Closing
balance
£
5,333
(32,856)
174,733 (27,523)

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Page 16 of 18

F Kahaila Limited

(A Charity Company Limited by Guarantee, company number 7356380)

Notes to the Accounts

for the year ended 31 December 2021

19 Restricted funds: current year
Coronavirus Job Retention Scheme (CJRS)
Comic Relief
20 Restricted funds: prior year
Coronavirus Job Retention Scheme (CJRS)
Comic Relief
Merton Refuge
Reflex (Essence)		 Opening
balance
£
-
5,333		 Incoming
resources
£
51,170
-
51,170
Incoming
resources
£
80,271
-
-
-
80,271		 Resources
expended
£
51,170
-
51,170
Resources
expended
£
80,271
-
70,801
15,500
166,572		 Transfers &
gains/(losses)
£
-
-
-
Transfers &
gains/(losses)
£
-
-
-
-
-		 Closing
balance
£
-
5,333
5,333 5,333
Opening
balance
£
-
5,333
70,801
15,500		 Closing
balance
£
-
5,333
-
-
91,634 5,333

Restricted funds (continued)

Projects financed by restricted funds are supported by unrestricted funding where necessary. This occurs where the funding is in arrears or the incidence of expenditure on the project occurs disproportionately at the beginning of the project compared to the income flows. Where restricted projects end the year with a deficit, this is met by after year-end restricted income or transfers from unrestricted funds.

21
**22 **		 Coronavirus Job Retention
Scheme (CJRS)		 The CJRS was introduced to help employers who cannot maintain their current workforce
because their operations are affected by the COVID-19 outbreak. The amount relates to the
furlough claims made to HMRC during the year. All the amounts received from the claims
have been paid to the employees who the claims relate to.		 The CJRS was introduced to help employers who cannot maintain their current workforce
because their operations are affected by the COVID-19 outbreak. The amount relates to the
furlough claims made to HMRC during the year. All the amounts received from the claims
have been paid to the employees who the claims relate to.		 The CJRS was introduced to help employers who cannot maintain their current workforce
because their operations are affected by the COVID-19 outbreak. The amount relates to the
furlough claims made to HMRC during the year. All the amounts received from the claims
have been paid to the employees who the claims relate to.		 The CJRS was introduced to help employers who cannot maintain their current workforce
because their operations are affected by the COVID-19 outbreak. The amount relates to the
furlough claims made to HMRC during the year. All the amounts received from the claims
have been paid to the employees who the claims relate to.		 The CJRS was introduced to help employers who cannot maintain their current workforce
because their operations are affected by the COVID-19 outbreak. The amount relates to the
furlough claims made to HMRC during the year. All the amounts received from the claims
have been paid to the employees who the claims relate to.		 The CJRS was introduced to help employers who cannot maintain their current workforce
because their operations are affected by the COVID-19 outbreak. The amount relates to the
furlough claims made to HMRC during the year. All the amounts received from the claims
have been paid to the employees who the claims relate to.
Comic Relief Grant for salaries for full time project manager/support worker
support worker for the victims of trafficking.		 (Luminary) and part time
Net assets attributable to funds: current year
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities
Net assets represented by funds
Net assets attributable to funds: prior year
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities
Net assets represented by funds		 General funds
759
52,869
(72,760)
(52,300)		 Designated
funds
£
-
-
-
-
-
Designated
funds
£
-
-
-
-
-		 Restricted
funds
£
-
5,333
-
-
5,333
Restricted
funds
£
-
5,333
-
-
5,333		 Endowment
funds
£
-
-
-
-
-
Endowment
funds
£
-
-
-
-
-		 Total
£
759
58,202
(72,760)
(52,300)
(71,432) (66,099)
General funds
1,500
63,898
(59,954)
(38,300)		 Total
£
1,500
69,231
(59,954)
(38,300)
(32,856) (27,523)

23 Taxation

The company is a registered charity. Accordingly, it is exempt from taxation in respect of income and capital gains to the extent that these are applied to its charitable objects.

24 Post balance sheet events

There were no significant post balance sheet events.

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(A Charity Company Limited by Guarantee, company number 7356380)

F Kahaila Limited

Notes to the Accounts

for the year ended 31 December 2021

25 Pension commitments

The charitable company contributes to employee defined contribution (DC) stakeholder pension schemes. The assets of the schemes are held separately from those of the charitable company in independently administered funds.

26 Other financial commitments

At 31 December 2021, the charitable company had total commitments under non-cancellable operating leases over the remaining life of those leases of £76,500 (2020: £193,500).

27 Contingent liabilities

The charitable company had no material contingent liabilities at 31 December 2021 nor at 31 December 2020.

28 Related parties

Burning Tree Tea Limited and Three Cords Coffee supplies tea and coffee to Kahaila Limited.

The CEO of Kahaila Limited directly owns a fifty per cent share in both Burning Tree Tea Ltd and Three Cords Coffee Ltd. The decision to purchase goods from Burning Tree Tea and Three Cords Coffee was approved by the Kahaila Board of Trustees.

During the year 2021 Kahaila entered into the following transactions with Burning Tree Tea Ltd and Three Cords Coffee Ltd who are not a part of Kahaila Limited.

are not a part of Kahaila Limited.
Purchases
BurningTree Tea £45
Three Cords Coffee £13,584

Sales of goods to Kahaila Limited were made at Burning Tree Tea Limited usual cost list price, less an average discount of ten per cent. Purchases were made at market price discounted to reflect the relationship between the parties.

29 Gifts in kind and volunteers

During the year the charitable company benefited from unpaid work performed by volunteers.

30 Company status

The company is limited by guarantee and has no share capital. The guarantors liability in the event the company is wound up is restricted to a maximum of £1 each.

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Document Ref: XSHQJ-BSXVL-R8PQN-NSW5D

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