Kids Zone (Hackney)
Report and Financial Statements
For The Year Ended 30 June 2022 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 2022.
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, 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 detectio 27 October 2022
Board Of Trustees
The members of the Board Of Trustees are set out on Page 1.
Trustee Mr. Mark Spitzer
Page 3
Kids Zone (Hackney)
Statement Of Financial Activities
For The Year Ended 30 June 2022
| For The Year Ended 30 June 2022 |
||
|---|---|---|
| Notes Unrestricted Restricted Funds Funds £ £ INCOMING RESOURCES Activities to further the Charity's Objects 2 366,014 0 Total Incoming Resources 366,014 0 RESOURCES EXPENDED Cost of Generating Funds 0 0 Net Incoming Resources Available For Charitable Application 366,014 0 Cost of Activities In Furtherance 3 of the Charity's Objects 297,998 0 Governance Costs 5 67,160 0 Total Charitable Expenditure 365,158 0 Total Resources Expended 3 365,158 0 Net Movement In Funds 856 0 Transfer To / (From) Reserves 0 0 Net Reserves for the Year 856 0 Total Funds 23,865 0 Total Funds 10 £ 24,721 £ 0 Carried Forward Brought Forward |
2022 Total Funds £ 366,014 366,014 0 366,014 297,998 67,160 365,158 365,158 856 0 856 23,865 £ 24,721 |
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 |
Page 4
Kids Zone (Hackney)
Balance Sheet at 30 June 2022
| 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 |
2022 £ 81,782 81,782 (57,061) 24,721 24,721 £ 24,721 0 24,721 £ 24,721 |
2021 £ 80,926 80,926 (57,061) |
2021 £ 80,926 80,926 (57,061) |
|---|---|---|---|
| £ | 23,865 | ||
| 23,865 | |||
| 23,865 | |||
| £ | £ | 0 23,865 |
|
| 23,865 |
Approved by the Trustees on 27 October 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 2022
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 | 2022 | 2021 | |||||
| £ | £ | £ | £ | |||||
| **2) ** | Incoming Funds | |||||||
| Donations | 0 | 0 | 0 | 0 | ||||
| Furlough Job Retention Grant | 5,605 | 5,605 | 12,609 | |||||
| Statutory Funding | 0 | 0 | 9,787 | |||||
| Grants | 113,358 | 113,358 | 87,194 | |||||
| User Fees | 247,051 | 247,051 | 211,314 | |||||
| Total Income Generated | £ 366,014 | £ | 0 | £ 366,014 | £ 320,904 |
Page 6
Kids Zone (Hackney)
Notes To The Accounts - 30 June 2022
| Notes To The Accounts - 30 June 2022 |
||
|---|---|---|
| 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 2,405 Data Base Service 0 Food and Drink 15,581 Furniture and Fittings 1,011 Insurance 954 Payroll 215,514 Rent 0 Repairs 38,765 Security 0 Stationery 5,994 Supplies and Services and Toiletries 4,977 Telephone 1,808 Toys 8,512 Travel 2,477 Total 297,998 0 Total Cost of Activities In Furtherance of the Charity's Objects £ 297,998 £ 0 4) Cost of Generating Funds 5) Governance Costs Accountancy Bank Charges Rent Security 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 Total 2022 2021 £ £ 2,405 3,615 0 1,894 15,581 21,264 1,011 460 954 938 215,514 196,365 0 43,160 38,765 26,950 0 19,320 5,994 8,931 4,977 1,802 1,808 797 8,512 8,646 2,477 2,311 297,998 336,453 £ 297,998 £ 336,453 £ 0 £ 0 0 754 1,319 211 43,160 0 22,681 0 £ 67,160 £ 965 2022 2021 0 0 |
|
| £ |
Page 7
Kids Zone (Hackney) Notes To The Accounts - 30 June 2022
8) Creditors: Amounts falling due within one year
| Debt due within one year Accruals |
2022 2021 £ £ 56,711 56,711 350 350 £ 57,061 £ 57,061 |
|---|---|
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 | 24,721 | 0 | 24,721 | |||||||||||
| Total Funds | £ | 0 | £ | 24,721 | £ | 0 | £ 24,721 | |||||||||
| 10) Restricted Funds | : Movements | In | The Year | |||||||||||||
| Balance at | Transfer To | Balance at | ||||||||||||||
| 30 June | 2021 | Income | Expended | /(From) | 30 June 2022 | |||||||||||
| £ | £ | £ | 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 | 2021 | Income | Expended | /(From) | 30 June 2022 | |||||||||||
| £ | £ | £ | Reserves | £ | ||||||||||||
| General Reserve | 23,865 | 366,014 | 365,158 | 0 | 24,721 | |||||||||||
| Total Funds | £ 23,865 | £ 366,014 | £ 365,158 | £ | 0 | £ | 24,721 |
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
Independent Exmainer's Report to the Trustees on the Unaudited Accounts of the Charit Kids Zone (Hackney)
For The Year Ended 30 June 2022
We report on the financial statements of Kids Zone (Hackney) for the year ended 30 June 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. These financial statements have been prepared, under the historical cost convention, and in accordance with the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (Issued 2015), and the Financial Reporting Standard for Smaller Entities 102 (effective 2016), and the accounting policies set out therein.
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 Independent Examiner'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 27 October 2022
Independent Exmainer
C Rosen
Page 9
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