**Charity Registration No. 1151828**
## **JUST KIDZ LONDON**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2020**
## **JUST KIDZ LONDON**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr A Schreiber Mr Y Esterzohn Mr M Lieberman **Charity number** 1151828 **Principal address** Office 1-2 14 Grosvenor Way London E5 9ND **Independent examiner** Mr J Silver FCCA Precision Ltd 32 Castlewood Road London N16 6DW
## **JUST KIDZ LONDON**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1|
|Independent examiner's report|2|
|Statement of financial activities|3|
|Balance sheet|4|
|Notes to the financial statements|5 - 9|
## **JUST KIDZ LONDON**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
The trustees present their annual report and financial statements for the year ended 31 December 2020.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016)
## **Objectives and activities**
The charity's objects are the to help young people advance in life through providing the following:
(A) The provision of recreational and leisure time activities provided in the interest of Social welfare.
(B) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
The charity also provides grants to charitable institutions and organisations which accords with the objects of the charity.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.
## **Achievements and performance**
The charity received £ 102,082 in donations and interest during the year and £ 88,257 was paid out by way of charitable activities, grants and support costs.
## **Financial review**
The financial position of the charity is satisfactory. The charity's statement of financial activities shows total free reserves of £13,798.
The charity continued its charitable activities , despite it being a challenging year due to the outbreak of Covid-19. Charitable donations received by the charity decreased which is reflected in the decrease in incoming resources , in line t he Donations it made to others also decreased.
Taking into account the difficulties in raising funds due to Covid-19, the trustees are satisfied with the progress made this year .
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level which will not impinge on its ability to support its Charitable activities.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity .
The members of the trustees who served during the year and up to the date of signature of the financial statements were:
Mr A Schreiber
Mr Y Esterzohn
Mr M Lieberman
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity to appoint any trustees. Should the situation change in the future, the trustees will apply suitable induction and training procedures. The trustees administer the day to day running of the charity. The trustees' r eport was approved by the Board of Trustees.
..............................
**Mr A Schreiber** Trustee Dated: .........................
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## **JUST KIDZ LONDON**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JUST KIDZ LONDON**
I report to the trustees on my examination of the financial statements of Just Kidz London (the charity) for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
J Silver FCCA Precision Ltd 32 Castlewood Road London N16 6DW
Dated: .........................
- 2 -
## **JUST KIDZ LONDON**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
|||**Unrestricted Unrestricted**|**Unrestricted Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2020**|**2019**|
||**Notes**|
**£**|**£**|
|**Income from:**||||
|Donations and legacies|**2**|102,079|162,087|
|Investments|**3**|3|-|
|**Total income**||102,082|162,087|
|**Expenditure on:**||||
|Charitable activities|**4**|88,257|168,994|
|**Net income/(expenditure) for the year/**||||
|**Net movement in funds**||13,825|(6,907)|
|Fund balances at 1 January 2020||(27)|6,880|
|**Fund balances at 31 December 2020**||13,798|(27)|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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## **JUST KIDZ LONDON**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2020**_
|**Notes**
**Current assets**
Debtors
**9**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**11**
Net current assets/(liabilities)
**Income funds**
Unrestricted funds|**2020**
**£**
15,000
-
15,000
(1,202)|**£**
13,798
13,798
13,798|**2019**
**£**
-
573
573
(600)|**£**
(27)
(27)
(27)|
|---|---|---|---|---|
The financial statements were approved by the Trustees on .........................
.............................. Mr A Schreiber **Trustee**
- 4 -
## **JUST KIDZ LONDON**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **1 Accounting policies**
## **Charity information**
Just Kidz London is a charity governed by its trust deed.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future , based upon the continued financial support from the community. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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## **JUST KIDZ LONDON**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.7 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
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## **JUST KIDZ LONDON**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
|**2**|**Donations and legacies**|||
|---|---|---|---|
|||**Unrestricted**|Unrestricted|
|||**funds**|
funds|
|||**2020**|
2019|
|||**£**|
£|
||Donations and gifts|102,079|
162,087|
|**3**|**Investments**|||
|||**Unrestricted**|
Total|
|||**funds**||
|||**2020**|
2019|
|||**£**|
£|
||Interest receivable|3|
-|
|**4**|**Charitable activities**|||
|||**Playscheme**|
**Playscheme**|
|||**and other**|
**and other**|
|||**children**|
**children**|
|||**activities**|
**activities**|
|||**2020**|
**2019**|
|||**£**|
**£**|
||Grant funding of activities (see note 5)|83,285|
168,900|
||Share of support costs (see note 6)|4,300|
-|
||Share of governance costs (see note 6)|672|
94|
|||88,257|
168,994|
|**5**|**Grants**|||
A full list of the material grants made by the charity during the year is available on application in writing to the trustees at the Principal Office.
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## **JUST KIDZ LONDON**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **6 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
General office costs
4,300
-
Accountancy
-
600
Bank Charges
-
72
4,300
672
Analysed between
Charitable activities
4,300
672|**2020**
Support
costs
Governance
costs
**£**
£
£
4,300
-
-
600
-
-
72
-
94
4,972
-
94
4,972
-
94|2019
£
-
-
94
94
94|
|---|---|---|
## **7 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **8 Employees**
The average monthly number of employees during the year was:
||The average monthly number of employees during the year was:|||
|---|---|---|---|
|||**2020**|**2019**|
|||**Number**|**Number**|
||Total|-|-|
||There were no employees whose annual remuneration was more than £60,000.|||
|**9**|**Debtors**|||
|||**2020**|**2019**|
||**Amounts falling due within one year:**|**£**|**£**|
||Other debtors|15,000|-|
|**10**|**Loans and overdrafts**|||
|||**2020**|**2019**|
|||**£**|**£**|
||Bank overdrafts|2|-|
||Payable within one year|2|-|
- 8 -
## **JUST KIDZ LONDON**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
|**11**
**Creditors: amounts falling due within one year**
**Notes**
Bank overdrafts
**10**
Accruals and deferred income|**2020**
**£**
2
1,200
1,202|**2019**
**£**
-
600
600|
|---|---|---|
## **12 Related party transactions**
Just Kidz London donated £ 10 , 500 to Ringtrop Ltd a charity of which a trustee of this charity is also a trustee.
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