Registered number: 08389165 Charity number: 1151610
KIDS IN MIND
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
KIDS IN MIND
(A Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Trustees' Report | 1 - 6 |
| Trustees' Responsibilities Statement | 7 |
| Independent Examiner's Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 - 11 |
| Notes to the Financial Statements | 12 - 19 |
KIDS IN MIND
(A Company Limited by Guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 29 FEBRUARY 2024
The Trustees present their annual report together with the financial statements of the Kids in Mind for the year 1 March 2023 to 29 February 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
To ensure that the public are aware of the charities focus, it was deemed essential by the Trustees to change the name of the charity from "The Paskin Children's Trust" to "Kids in Mind" which better reflects the charities highest priorities.
Vision : Be the UK's leading charity bringing well-being and mental health support into the lives of disadvantaged children who have escaped serious domestic violence and found sancturary in a Women's refuge.
Mission : Through mental health programmes Kids in Mind helps children to cope with the emotional and physical scars of domestic violence and to restore their wellbeing and self esteem. It also partners with other agencies and individual professionals to provide a holistic approach to mental health and wellbeing for domestic abuse victims. Kids in Mind believes that every child deserves a chance to heal and thrive.
Aim : Year on year, through our services, provide mental health support to more disadvantaged children and young people who have escaped domestic violence and found sanctuary in a refuge or safe house.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Page 1
KIDS IN MIND
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024
Objectives and activities (continued)
b. Strategies for achieving objectives
By end of financial year 2024/25 , the charity will be supporting 500 refuge children through well-being and mental health sessions, which aims to support, inform and inspire them.
By end of financial year 2024/25 , provide on-line well-being training for volunteer helpers in order to conduct communal child-safe well-being activities for refuge children.
By end of financial year 2024/25 , provide every child in a Kids in Mind refuge with specific individual toys aimed at supporting the wellbeing play therapy sessions.
By end of 2026/27 , supporting 100 refuges with well-being and/or mental health classes/workshops on a regular basis.
By end of financial year 2026/27 , provide every 7+ year old child arriving in a supported refuge with the opportunity to attend a counselling session and attend in-house regular well-being sessions.
By end of financial year 2026/27, fund a reserve to meet the previous Charity Commission’s recommended policy of 6 months staff costs, funds to meet a year’s children services and the loss of a major fund raising event.
Working with mental health partners, develop services to support refuge children who have personally suffered serious abuse in order to provide long term counselling and support to those in greatest need.
Government reports and independent studies have consistently identified that disadvantaged children benefit greatly from sharing positive experiences with other children suffering from the same disadvantage. They tend to share experiences in a matter of fact way with each other whereas they will not engage or believe an adult/carer etc. Vitally they learn they are not alone and/or not at fault, even though adults may well have told them this many times. The aim of our mental health and well-being sessions is to provide small groups of refuge children with positive reinforcement (and Fun!) in a safe environment. Nationally we will be unique.
Measurable outcome : increase the number of children attending a well-being or mental health session:
Year 1 500 Year 2 1,500 Year 3 3,000
Page 2
(A Company Limited by Guarantee)
KIDS IN MIND
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024
Objectives and activities (continued)
c. Activities undertaken to achieve objectives
Building a network of professionals and volunteers who are trained and supported in providing well-being and mental health support to children in refuge.
Working closely with other mental health charities.
Source free or heavily discounted toys and games to provide fun activities within refuge.
Work closely and gain partnerships with corporate companies and organisations such as Rotary in order for them to provide volunteering time to support the children, refuge and well-being sessions.
As from 31 March 2024, Kids in Mind will be providing wellbeing and mental health support, art therapy, music therapy and play therapy sessions into refuges.
Domestic abuse is a widespread issue that can have devastating and long-lasting effects on its victims. It can have a particularly severe impact on children who witness and/or experience abuse in the home. Women's refuges provide a safe haven for women and children escaping domestic abuse, but these children need additional support to help them overcome the trauma they have experienced.
The NSPCC state that one in five children in the UK has been exposed to domestic abuse, and this exposure can result in long-term emotional, psychological and behavioural problems. According to Birmingham Crisis Centre, over 50% of children that have found sanctuary in a Women’s Refuge have personally suffered abuse (mainly sexual) - 70% at the hands of their father. Children that have suffered sexual abuse and have gone through the refuge system have the highest rate of suicide, excluded from school and runaways of any group.
Between 2010 and 2012, due to council funding difficulties, the first casualties were the funded children workers in refuge; unfortunately, in 2020, the impact of Covid again impacted on funding streams, which resulted in a further reduction in the number of children workers in refuge. As of 2023, the number of refuges providing mental health or well-being support for the children has dramatically fallen to around 30% of refuges; this is an area that needs urgent attention.
d. Refuge Children
Children who have experienced domestic abuse often suffer from a range of mental health issues, including anxiety, depression, post-traumatic stress disorder (PTSD), and behavioural problems. These children also struggle with trust issues, have difficulty forming attachments and with school and social relationships, and struggle with self-esteem and self-worth. Domestic abuse can also affect children's physical health, including causing sleep disturbances, eating problems, and increased susceptibility to illness.
Living in a women's refuge can be a significant change for children who have fled abusive households, and the transition causes additional stress and anxiety. Children in these situations may feel isolated from their peers, have difficulty adjusting to new routines and rules, and may feel unsafe or unsure of their new environment. They may also feel guilt or responsibility for the abuse that they have witnessed or experienced.
Refuges offer practical support such as temporary accommodation, safety planning, and access to legal and financial advice. However, children in women's refuges also need emotional support to help them overcome the trauma they have experienced.
Page 3
KIDS IN MIND
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024
Objectives and activities (continued)
e. The Importance of Mental Health Support
Mental health support is essential for children who have experienced domestic abuse. A recent report by Women's Aid found that children living in women's refuges are more likely to experience mental health issues such as depression and anxiety than their peers. The report also found that children who have experienced domestic abuse are at increased risk of developing mental health problems in later life, such as post-traumatic stress disorder (PTSD).
Mental health support can help children to process their experiences and emotions, build resilience, and develop coping strategies. This support can take many forms, including one-to-one counselling, group therapy, and art therapy. The Women's Aid report recommends that all children living in women's refuges should have access to mental health support.
f. The Benefits of Well-being Sessions
Well-being classes, such as yoga and mindfulness, are also beneficial for children who have experienced domestic abuse. These classes can help children to regulate their emotions, reduce stress and anxiety, and improve their overall well-being. A recent report by the Centre for Mental Health found that yoga can be particularly effective for children who have experienced trauma, as it can help them to feel more grounded and present in their bodies.
The Women's Aid report recommends that women's refuges should provide a range of well-being classes for children, including yoga, mindfulness, and other forms of exercise. These classes can be delivered by trained professionals or volunteers and can be tailored to the needs of individual children.
g. Main activities undertaken to further the Company's purposes for the public benefit
The Trustees follow the Charity commission guidance on public benefit and use holistic approach to encapsulate the types of activities provided.
The trustees have paid due regard to guidance issued by charity commission in deciding what activities the Company undertake.
h. Partnerships
The Trustess intend to partner organisations that will support our wellbeing and mental health services.
Achievements and performance
a. Main achievements of the Company
Standardised wellbeing, art, music and play sessions have been produced and a team of wellbeing practitioners have been identified.
Refuges have signed up to receive the Kids in Mind services.
Fund raising to achieve the ambitious first year target of supporting 500 refuge children with wellbeing and mental health support has started.
Financial review
Page 4
KIDS IN MIND
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
By end of financial year 2026/27, fund a reserve to meet the previous Charity Commission’s recommended policy of 6 months staff costs, funds to meet a year’s children services and the loss of a major fund raising event.
c. Principal funding
The principle funding sources were donations of toys amounting to £309,946 together with income generated through fundraising.
Medium term funding by the Philip Gower Foundation has been secured to support staff costs which in turn enables the delivery of wellbeing and mental health services.
Structure, governance and management
a. Constitution
Kids in Mind is registered as a charitable company limited by guarantee.
b. Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees.
c. Financial risk management
The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Reference and administrative details of the Company, its trustees and advisers
| Trustees | Simon Mann, Chairman |
|---|---|
| Christina Beaver (appointed 7 February 2024) | |
| Chris Lavender (appointed 7 February 2024) | |
| Andrea Margolin (appointed 7 February 2024) | |
| Air Commodore Gordon Moulds CBE DL (RAF Rtd) | |
| Chris Osborne (appointed 7 February 2024) | |
| Simon Kosky (resigned 7 February 2024) | |
| Stuart Paskin (resigned 7 February 2024) |
Page 5
KIDS IN MIND (A Company Limited by Guarantee)
| TRUSTEES' REPORT (CONTINUED) | |
|---|---|
| FOR THE YEAR ENDED 29 FEBRUARY 2024 | |
| Company registered | |
| number | 08389165 |
| Charity registered | |
| number | 1151610 |
| Registered office | Unit 13 Breasy Place |
| Burroughs Gardens | |
| Hendon | |
| London | |
| NW4 4AT | |
| Chief Executive Officer | Julian Margolin |
| Approved by order of the | members of the board of Trustees and signed on their behalf by: |
| ................................................ | |
| Simon Mann |
Date: 10 April 2024
Page 6
KIDS IN MIND
(A Company Limited by Guarantee)
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 29 FEBRUARY 2024
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' 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. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 7
KIDS IN MIND
(A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 29 FEBRUARY 2024
Independent Examiner's Report to the Trustees of Kids in Mind ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 29 February 2024.
Responsibilities and Basis of Report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's 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 Company's Trustees as a body, for my work or for this report.
Signed: Dated: 10 April 2024 Stephen Sampson
Milton Avis LLP 120 Baker Street London W1U 6TU
Page 8
KIDS IN MIND
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 29 FEBRUARY 2024
| Note Income from: Donations and legacies 3 Other trading activities 4 Total income Expenditure on: Raising funds 5 Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 364,146 33,933 398,079 2,382 20,553 22,935 375,144 63,170 375,144 438,314 |
Total funds 2024 £ 364,146 33,933 398,079 2,382 20,553 22,935 375,144 63,170 375,144 438,314 |
Total funds 2023 £ 9,720 - |
|---|---|---|---|
| 9,720 | |||
| 2,436 435 |
|||
| 2,871 | |||
| 6,849 | |||
| 56,321 6,849 |
|||
| 63,170 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 12 to 19 form part of these financial statements.
Page 9
KIDS IN MIND (A Company Limited by Guarantee) REGISTERED NUMBER: 08389165
BALANCE SHEET AS AT 29 FEBRUARY 2024
| Note Current assets Stocks 10 Debtors 11 Cash at bank and in hand Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds 13 Unrestricted funds 13 Total funds |
309,946 - 128,368 438,314 |
29 February 2024 £ 438,314 438,314 438,314 438,314 - 438,314 438,314 |
- 9,720 53,450 63,170 |
28 February 2023 £ 63,170 |
|---|---|---|---|---|
| 63,170 | ||||
| 63,170 | ||||
| 63,170 | ||||
| - 63,170 |
||||
| 63,170 |
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Page 10
KIDS IN MIND
(A Company Limited by Guarantee) REGISTERED NUMBER: 08389165
BALANCE SHEET (CONTINUED) AS AT 29 FEBRUARY 2024
................................................
Simon Mann
Date: 10 April 2024
The notes on pages 12 to 19 form part of these financial statements.
Page 11
(A Company Limited by Guarantee)
KIDS IN MIND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
1. General information
The company is incorporated in the UK with its registered office at Unit 13 Breasy Place Burroughs Gardens, Hendon, London NW4 4AT. The company is limited by guarantee, not having share capital. The company is a charity providing support to children suffering from domestic abuse.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Kids in Mind meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 12
(A Company Limited by Guarantee)
KIDS IN MIND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
2. Accounting policies (continued)
2.4 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.7 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
3. Income from donations and legacies
| Unrestricted funds 2024 £ Donations Donation of Toys 309,946 Donation of Services 4,200 Grants Philip Gower Foundation 50,000 364,146 |
Total funds 2024 £ 309,946 4,200 50,000 |
|---|---|
| 364,146 |
Page 13
(A Company Limited by Guarantee)
KIDS IN MIND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
3. Income from donations and legacies (continued)
| Donations London Marathon Donation Subtotal detailed disclosure |
Unrestricted funds 2023 £ 9,720 9,720 |
Total funds 2023 £ 9,720 |
|---|---|---|
| 9,720 |
| 4. | Income from other trading activities |
|---|---|
| Income from fundraising events |
| Unrestricted funds 2024 £ Cash Donations 33,933 5. Expenditure on raising funds Costs of raising voluntary income |
Total funds 2024 £ 33,933 |
Total funds 2023 £ - |
|---|---|---|
| Unrestricted funds 2024 £ Fundraising - London Marathon 2,220 Donations to Other Charities 162 2,382 |
Total funds 2024 £ 2,220 162 |
|---|---|
| 2,382 |
Page 14
(A Company Limited by Guarantee)
KIDS IN MIND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
5. Expenditure on raising funds (continued)
Costs of raising voluntary income (continued)
| Fundraising - London Marathon Donations to Other Charities |
Unrestricted funds 2023 £ 2,220 216 2,436 |
Total funds 2023 £ 2,220 216 |
|---|---|---|
| 2,436 |
6. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2024 £ Support Costs 20,553 Unrestricted funds 2023 £ Support Costs 435 |
Total 2024 £ 20,553 |
|---|---|
| Total 2023 £ 435 |
Page 15
KIDS IN MIND
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
7. Analysis of expenditure by activities
| Support Costs Support Costs |
Activities undertaken directly 2024 £ 8,990 |
Support costs 2024 £ 11,563 Support costs 2023 £ 435 |
Total funds 2024 £ 20,553 |
|---|---|---|---|
| Total funds 2023 £ 435 |
8. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £4,200 ( 2023 - £ nil).No fee charged as services were donated free of charge to benefit the charity.
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .
During the year ended 29 February 2024, no Trustee expenses have been incurred (2023 - £NIL) .
10. Stocks
| 29 | February | 28 | February | |
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Stocks | 309,946 | - |
All stocks are held by the charity and comprise of donated toys and vouchers.
Page 16
KIDS IN MIND
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
11. Debtors
| Other debtors Financial instruments Financial assets Financial assets measured at fair value through income and expenditure |
29 February 2024 £ - - - 29 February 2024 £ 128,368 |
28 February 2023 £ 9,720 |
|---|---|---|
| 9,720 | ||
| 9,720 | ||
| 28 February 2023 £ 53,450 |
12. Financial instruments
Page 17
(A Company Limited by Guarantee)
KIDS IN MIND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
13. Statement of funds
Statement of funds - current year
| Unrestricted funds Unrestricted Fund Statement of funds - prior year Unrestricted funds Unrestricted Fund |
Balance at 1 March 2023 £ 63,170 Balance at 1 March 2022 £ 56,321 |
Income £ 398,079 Income £ 9,720 |
Expenditure £ (22,935) Expenditure £ (2,871) |
Balance at 29 February 2024 £ 438,314 |
|---|---|---|---|---|
| Balance at 28 February 2023 £ 63,170 |
| 14. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 29 February 2024 £ Current assets 438,314 Total 438,314 |
Total funds 29 February 2024 £ 438,314 |
|---|---|
| 438,314 |
Page 18
(A Company Limited by Guarantee)
KIDS IN MIND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
14. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
| Debtors due after more than one year Current assets Total |
Unrestricted funds 28 February 2023 £ 9,720 53,450 63,170 |
Total funds 28 February 2023 £ 9,720 53,450 |
|---|---|---|
| 63,170 |
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