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|Trustees|||Ms P Thirumur|||
|---|---|---|---|---|---|
||||Ms<br>I Seitanidou|||
||||Mr J J Page|(Appointed|11April 2023)|
|Charity number|||1160218|||
|Company|number||08768026|||
|Registered||office|cio Rayner Essex LLP|||
||||Tavistock House South|||
||||Tavistock Square|||
||||London|||
||||United<br>Kingdom|||
||||WC1H 9LG|||
|Independent||examiner|Rayner Essex LLP|||
||||Tavistock House South|||
||||Tavistock Square|||
||||London|||
||||WC1H 9LG|||





||||Page|
|---|---|---|---|
|Trustees'<br>report|||1-3|
|Statement ofTrustees'||Responsibilities||
|Independent<br>examiner's||report||
|Statement offinancial|activities|||
|Balance sheet||||
|Notes to the financial|statements||8-15|





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||||||Unrestricted|Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|
||||||funds||funds|
||||||2022||2021|
|||||Notes||||
|Income from:||||||||
|Donations<br>and|legacies||||76,192||45,752|
|Ex enditure on:||||||||
|Charitable<br>activities|||||49,532||53,827|
|Net income/(expenditure)||for the Period/||||||
|Net incoming/(outgoing)||resources|||26,660||(8,075)|
|Other recognised<br>gains||and losses||||||
|Other gains or|losses||||(629)||(815)|
|Net movement|in funds||||26,031||(8,890)|
|Fund balances|at 1 December 2021||||(42,981)||(34,091)|
|Fund balances|at 25 November||2022||(16,950)||(42,981)|





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||||||||2022||2021||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes|||||
|Fixed assets|||||||||||
|Investments||||||10||200||200|
|Current assets|||||||||||
|Debtors|||||||14,272||14,272||
|Cash at bank||and|in|hand|||10||4||
||||||||14,282||14,276||
|Creditors:|amounts|||falling due within|||||||
|one year||||||12|(31,432)||(57,457)||
|Net current|liabilities|||||||(17,150)||(43,181)|
|Total assets||less|current||liabilities|||(16,950)||(42,981)|
|Income funds|||||||||||
|Unrestricted||funds||||||(16,950)||(42,981)|
|||||||||(16,950)||(42,981)|





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|||||Activities|Activities|
|---|---|---|---|---|---|
|||||undertaken|undertaken|
|||||directly|directly|
|||||2022|2021|
|Direct|charitable|activities||44,532|40,507|
|Share|ofgovernance||costs (see note 5)|5,000|13,320|
|||||49,532|53,827|



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|Support|c|osts|||||||
|---|---|---|---|---|---|---|---|---|
||||||Support|Governance|2022|2021|
||||||costs|costs|||
|||||||F|||
|Independent||examination||fees||4,800|4,800|5,100|
|Legal and|professional||fees|||200|200|8,220|
|||||||5,000|5,000|13,320|
|Analysed|between||||||||
|Charitable||activities||||5,000|5,000|13,320|



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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022|2021|
|||||F|E|
|Foreign|exchange|gains||629|815|
|Fixed asset investments||||||
||||||Other|
||||||investments|
|Cost or|valuation|||||
|At 1 December 2021 &25 November 2022|||||200|
|Carrying|amount|||||
|At 25 November 2022|||||200|
|At 30 November 2021|||||200|
|||||2022|2021|
|Other investments||comprise:|Notes|E|E|
|Investments<br>in subsidiaries|||16|200|200|
|Debtors||||||
|||||2022|2021|
|Amounts|falling|due within one year:||||
|Other debtors||||14,272|14,272|



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||||2022|2021|
|---|---|---|---|---|
|||Notes|||
|Bank overdrafts|||98||
|Other creditors|||18,701|41,091|
|Accruals and deferred|income||12,633|16,366|
||||31,432|57,457|



|Analysis of net assets between funds||||
|---|---|---|---|
|||Unrestricted<br>Unrestricted||
|||funds|funds|
|||2022|2021|
|||f:||
|Fund balances at 25 November 2022 are represented|by:|||
|Investments||200|200|
|Current assets/(liabilities)||(17,150)|(43,181)|
|||(16,950)|(42,981)|





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|2022|2021|
|---|---|
|F|F|
|46,400|7,500|



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|Name of undertaking|Name of undertaking|Registered|Nature ofbusiness|Nature ofbusiness|Class of|Class of|% Held|
|---|---|---|---|---|---|---|---|
|||office|||shares|held|Direct Indirect|
|K1 Race Ltd||C/o Rayner|Business|support service|Ordinary||100.00|
|||Essex|activities|||||
|||LLP,Tavistock||||||
|||House South,||||||
|||Tavistock||||||
|||Square, London,||||||
|||WC1H 9LG||||||
|K1 Britannia|Training|Limited16<br>High Street,|Technical|and vocational|Ordinary||100.00|
|||Cowes, United|secondary|education||||
|||Kingdom,<br>PO31||||||
|||7RZ||||||



|Name of undertaking|Name of undertaking||Profit/(Loss)|Capital and|
|---|---|---|---|---|
|||||Reserves|
|||||F|
|K1 Race Ltd|||(1,585)|(4,506)|
|K1 Britannia|Training|Limited||100|





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