Kids Zone (Hackney)
Report
and
Financial Statements
For The Year Ended
30 June 2021 Charity Number 1153024
Kids Zone (Hackney)
| Contents | |
|---|---|
| Page | |
| Legal and Administrative Information | 1 |
| Report of The Trustees | 2 and 3 |
| Statement Of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes forming part of the financial statements | 6 to 8 |
| Accountants Report | 9 |
Kids Zone (Hackney)
Trustees
Mr. Mark Spitzer Mr. Phillipe Herzeft Mr. Eliezer Margolis
Administration Address
Mr Maurice Breuer 1 Grovelands Road South Tottenham London N15 6BS
Charity Number 1153024
Accountants
C Rosen
Page 1
Kids Zone (Hackney) Report of the Trustees
The Trustees present their annual report with accounts of the Charity for the Year Ended 30 June 2021.
Status and Administration
Kids Zone (Hackney) is constituted by trust deed, dated 23rd July 2013 and is a Registered Charity.
Trustees
The Trustees in office throughout the year were: Mr. Mark Spitzer Mr. Phillipe Herzeft Mr. Eliezer Margolis
No trustee has any beneficial interest in the Charity and all gave their time voluntarily.
Objectives and Activities
Kids Zone (Hackney) targets large families that are interested in something more than simple baby-sitting facilities; they would like the children to be enrolled in a program that offers development of many different skills including: social skills, arts and crafts, reading, numbers, etc.
Page 2
Kids Zone (Hackney) Report of the Trustees
Reserves Policy
The Trustees aim to maintain unrestricted funds, which are the free reserves of the Charity at a level of at least six months running costs and up to one year's running costs. The Trustees are pleased to have achieved a level of reserves for the Charity this past year, in accordance with their aim.
Responsibilities of the Trustees
Charity 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 charity as at the Balance Sheet date, and of its incoming resources, including income and expenditure for the financial year.
-
In preparing those financial statements, the Trustees should follow best practice and: a) Select suitable accounting policies and the apply them consistently.
-
b) Make judgements and estimates that are reasonable and prudent.
-
c) Follow applicable accounting standards and the Charities SORP 2015, updated May 2008 disclosing and explaining any departures in the financial statements.
-
d) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law. The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
Board Of Trustees
The members of the Board Of Trustees are set out on Page 1. Approved by The Trustees of on 10 January 2022 and signed on behalf of them all.
Trustee Mr. Mark Spitzer
Page 3
Kids Zone (Hackney)
Statement Of Financial Activities
For The Year Ended 30 June 2021
| For The Year Ended 30 June 2021 |
|||
|---|---|---|---|
| Notes Unrestricted Restricted Funds Funds £ £ INCOMING RESOURCES Activities to further the Charity's Objects 2 320,904 0 Total Incoming Resources 320,904 0 RESOURCES EXPENDED Cost of Generating Funds 0 0 Net Incoming Resources Available For Charitable Application 320,904 0 Cost of Activities In Furtherance 3 of the Charity's Objects 336,453 0 Governance Costs 5 965 0 Total Charitable Expenditure 337,418 0 Total Resources Expended 3 337,418 0 Net Movement In Funds (16,514) 0 Transfer To / (From) Reserves 0 0 Net Reserves for the Year (16,514) 0 Total Funds 40,379 0 Total Funds 10 £ 23,865 £ 0 Carried Forward Brought Forward |
2021 Total Funds £ 320,904 320,904 0 320,904 336,453 965 337,418 337,418 (16,514) 0 (16,514) 40,379 £ 23,865 |
2020 Total Funds £ 326,279 |
|
| 326,279 0 326,279 299,529 2,866 302,395 302,395 |
|||
| £ | 23,884 0 23,884 |
||
| 16,495 40,379 |
Page 4
Kids Zone (Hackney)
Balance Sheet at 30 June 2021
| Notes Current Assets Cash at Bank and in Hand Creditors :Amounts falling due within one year 8 Net Current Assets Total Assets less Current Liabilities Net Assets 9 Restricted Funds 10 Unrestricted Funds 11 Total Funds |
2021 £ 80,926 80,926 (57,061) 23,865 23,865 £ 23,865 0 23,865 £ 23,865 |
2020 £ 96,990 96,990 (56,611) 40,379 40,379 £ 40,379 |
2020 £ 96,990 96,990 (56,611) 40,379 40,379 £ 40,379 |
|---|---|---|---|
| 40,379 | |||
| 40,379 | |||
| 40,379 | |||
| £ | £ | 0 40,379 |
|
| 40,379 |
Approved by the Trustees on 10 January 2022, and signed on behalf of them all.
Mr. Mark Spitzer Trustee
The notes on pages 6 to 8 form part of these accounts.
Page 5
Kids Zone (Hackney)
Notes To The Accounts - 30 June 2021
1) Principal Accounting Policies
Basis of Accounting
The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102, and follow the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (effective from April 2015).
Cash Flow
The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.
Donations and Fund Accounting
Donations received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable.
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
Resources Expended
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
The irrecoverable element of VAT is included with the item of expense to which it relates.
| Unrestricted | Restricted | Restricted | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | |||||
| £ | £ | £ | £ | |||||
| **2) ** | Incoming Funds | |||||||
| Donations | 0 | 0 | 0 | 0 | ||||
| Furlough Job Retention Grant | 12,609 | 12,609 | ||||||
| Statutory Funding | 9,787 | 9,787 | ||||||
| Grants | 87,194 | 87,194 | 141,901 | |||||
| User Fees | 211,314 | 211,314 | 184,378 | |||||
| Total Income Generated | £ 320,904 | £ | 0 | £ 320,904 | £ 326,279 |
Page 6
Kids Zone (Hackney)
Notes To The Accounts - 30 June 2021
| Notes To The Accounts - 30 June 2021 |
||||
|---|---|---|---|---|
| Unrestricted Restricted 3) Analysis of Total Resources Expended Funds Funds Charitable Activities Cost of Activities In Furtherance of the Charity's Objects Charitable Activities Cleaning 3,615 Data Base Service 1,894 Food and Drink 21,264 Furniture and Fittings 460 Insurance 938 Payroll 196,365 Rent 43,160 Repairs 26,950 Security 19,320 Stationery 8,931 Supplies and Services and Toiletries 1,802 Telephone 797 Toys 8,646 Travel 2,311 Total 336,453 0 Total Cost of Activities In Furtherance of the Charity's Objects £ 336,453 £ 0 4) Cost of Generating Funds 5) Governance Costs Accountancy Bank Charges Rent 6) 7) The average number of Employees during the year, on a full time equivalent basis was No Employee was paid above £60,000 per year. Taxation The Charity is exempt from taxation on its charitable activities. Charitable Activities |
£ |
Total 2021 £ 3,615 1,894 21,264 460 938 196,365 43,160 26,950 19,320 8,931 1,802 797 8,646 2,311 336,453 336,453 £ 0 754 211 0 £ 965 337,418 2021 0 |
Total 2020 £ 3,486 323 15,385 0 938 186,396 43,160 17,326 19,955 2,343 2,085 1,223 4,402 2,507 299,529 £ 299,529 |
|
| £ 0 350 2,516 0 £ 2,866 |
||||
| 2020 0 |
Page 7
Kids Zone (Hackney) Notes To The Accounts - 30 June 2021
8) Creditors: Amounts falling due within one year
| 2021 | 2020 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | ||||||||||||||
| Debt due within one year | 56,711 | 56,261 | |||||||||||||
| Accruals | 350 | 350 | |||||||||||||
| £ 57,061 | £ 56,611 | ||||||||||||||
| 9) Net Assets of The | Charity's Funds | ||||||||||||||
| Net | |||||||||||||||
| Fixed | Current | Long Term | Fund | ||||||||||||
| Assets | Assets | Liabilities | Balances | ||||||||||||
| £ | £ | £ | £ | ||||||||||||
| Restricted Funds | 0 | 0 | 0 | 0 | |||||||||||
| Unrestricted Funds | 0 | 23,865 | 0 | 23,865 | |||||||||||
| Total Funds | £ | 0 | £ | 23,865 | £ | 0 | £ 23,865 | ||||||||
| 10) Restricted Funds | : Movements In | The Year | |||||||||||||
| Balance at | Transfer | To | Balance at | ||||||||||||
| 30 June 2020 | Income | Expended | /(From) | 30 June 2021 | |||||||||||
| £ | £ | £ | Reserves | £ | |||||||||||
| 0 | 0 | 0 | 0 | 0 | |||||||||||
| Total Funds | £ | 0 | £ | 0 | £ | 0 | £ | 0 | £ 0 | ||||||
| 11) Unrestricted Funds | : Movements In | The Year | |||||||||||||
| Balance at | Transfer | To | Balance at | ||||||||||||
| 30 June 2020 | Income | Expended | /(From) | 30 June 2021 | |||||||||||
| £ | £ | £ | Reserves | £ | |||||||||||
| General Reserve 40,379 |
320,904 | 337,418 | 0 | 23,865 | |||||||||||
| Total Funds £ 40,379 |
£ 320,904 | £ 337,418 | £ | 0 | £ | 23,865 |
12) Related Party Transactions
No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.
There were no Related Party Transactions in the Year.
Page 8
Accountants Report to the Trustees on the Unaudited Accounts of the Charity Kids Zone (Hackney) For The Year Ended 30 June 2021
We report on the financial statements of Kids Zone (Hackney) for the year ended 30 June 2021 The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102, and follow the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (effective from April 2015).
Respective Responsibilities Of Trustees and Reporting Accountants
As described on page 3, the trustees of the charity are responsible for the preparation of the accounts, and they consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 249 of the Act, whether particular matters have come to our attention.
Basis of Accountant's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.
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 you as trustees concerning any such matters. These procedures provide only the assurance expressed in our opinion.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Opinion
In our opinion, no matter has come to our attention,
-
1) which gives us reasonable cause to believe that, in any material respect, the requirements a) to keep accounting records in accordance with section 130 of the Act; and
-
b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
-
2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date 10 January 2022
Reporting Accountant
C Rosen
Page 9