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2021-03-31-accounts

Company number: 3482858 Charity number: 1160439

Kinetika People

(A Charity Company Limited by Guarantee, company number 3482858)

Financial Statements and Trustees' Report for the year ended 31 March 2021

Document Ref: SNEUM-QFBFZ-MCDYE-DUZ67

Page 1 of 16

AT Kinetika People

(A Charity Company Limited by Guarantee, company number 3482858)

Index to the Financial Statements for the year ended 31 March 2021

Page
Index to the Financial Statements 2
Charitable company Information 3
Trustees' Report 4 - 5
Statement of Trustees' Responsibilities 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Statement of Financial Postion 9
Statement of Cash Flows 10
Accounting Policies 11
Notes to the Accounts 12 - 16

Page 2

Document Ref: SNEUM-QFBFZ-MCDYE-DUZ67

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AT Kinetika People

(A Charity Company Limited by Guarantee, company number 3482858)

Charitable company Information

for the year ended 31 March 2021

Status: Kinetika People is a company limited by guarantee and a registered charity governed by Kinetika People is a company limited by guarantee and a registered charity governed by
its memorandum and articles of association. The directors of the company are its
trustees for the purposes of charity law and throughout this report are collectively referred
to as the trustees.
Charity name: Kinetika People
Company registration number: 3482858
(England & Wales)
Charity registration number: 1160439
Registered office: 119 Artist Studios
High House Production Park
Purfleet-On-Thames
Essex
RM19 1AS
Operations address: 119 Artist Studios
High House Production Park
Purfleet-On-Thames
Essex
RM19 1AS
Trustees who held office T Witton
during the year: M J Tyson
M J Lane
L-E Harris
S Meehan - Appointed 14 October 2020
Chair: T Witton
Independent Examiner: Anthony Armstrong FCA
Armstrong & Co
Chartered Accountants & Statutory Auditor
4a Printing House Yard
Hackney Road
London
E2 7PR
Bankers: CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

Page 3

Document Ref: SNEUM-QFBFZ-MCDYE-DUZ67

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AT Kinetika People

(A Charity Company Limited by Guarantee, company number 3482858)

Trustees' Report, incorporating the Directors' Report

for the year ended 31 March 2021

The Trustees of Kinetika People present their report together with the financial statements for the year ended 31 March 2021.

Principal activity

The principal activity of the charity in the year under review was that of delivering community engagement projects. Although many of our planned projects were postponed, we successfully adapted our practice to deliver a number of projects within COVID 19 Restrictions. Our projects included:

Trustees

The Trustees of the charity who held office during the year are disclosed on page 3. This was the sixth year that Kinetika People operated under its new status as a charity which benefited from the commercial support of Kinetika Design Studio.

Governing Document

Kinetika People is a company limited by guarantee, incorporated on 18 December 1997. The company was established under a Memorandum of Association, which established the objects and powers of the company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1 each. On 11 February 2015, having made the necessary amendments to its Memorandum and Articles of Association, the company was registered as a charity, number 1160439.

Risk mitigation

The board has examined the principal areas of the charity's operations and considered the major risks which may arise in each of these areas. In the opinion of the trustees the charity has established resources and review systems which, under normal conditions, should allow the risks identified by them to be mitigated to an acceptable level in its day to day operations.

Highlights of the year

In 2020/21 Kinetika proved itself to be a resilient arts organisation that was able to adapt efficiently to changing circumstances due to COVID-19. We supported our communities in Thurrock, and were able to employ local artists at a time when opportunities for work were rare.

Located in High House Production Park, Thurrock, our focus, though not exclusively, is on working with local communities living around the Thames Estuary.

Our successful Thurrock 100 programme was developed into our sixth year of the festival Thurrock T100 Calling which created an opportunity for communities to creatively re-imagine their futures. T100 is now funded by Reaching Communities until January 2023, by which time we intend to set it up as an independent organisation for Thurrock, leaving a lasting legacy in the local area.

Through these projects we develop the skills and talent of local artists and participants that we are then able to employ in designing, producing and delivering further projects.

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Document Ref: SNEUM-QFBFZ-MCDYE-DUZ67

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(A Charity Company Limited by Guarantee, company number 3482858)

AT Kinetika People

Trustees' Report, incorporating the Directors' Report

for the year ended 31 March 2021

Public benefit

The beneficiaries of the organisation are the general public who view the activities put on by the charity and the community participants who take part in the production of the activities.

The nature of the activities involves the participation of large numbers of the general public who are brought together and directly participate (under professional supervision) in the creative process of conceptual and creative design and choreography of the events. Kinetika works with people of all backgrounds, and ethnicities. On all of our longer-term commissioned projects, we train teams of local artists who are actively encouraged by Kinetika People to pass on the skills they have learned.

Financial Review

Results for the year

The results of the period and financial position of the charity are shown in the annexed financial statements.

The Statement of Financial Activities shows net income for the year of £75,820 and reserves of £143,553.

Tangible fixed assets for use by the charity.

Fixed assets are set out in Note 8 to the accounts.

Reserves Policy

The trustees consider that a target of holding a minimum of 3 months income as a general reserve is appropriate for the charity.

Independent Examiner

The Independent Examiner, Anthony Armstrong FCA of Armstrong & Co, has indicated his willingness to be proposed for reappointment.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Trustees on 8 November 2021 and signed on its behalf by:

T Witton Chair of Trustees

Page 5

Document Ref: SNEUM-QFBFZ-MCDYE-DUZ67

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AT Kinetika People

(A Charity Company Limited by Guarantee, company number 3482858)

Statement of Trustees' Responsibilities for the year ended 31 March 2021

The trustees (who are the directors of Kinetika People for the purpose of company law) are responsible for preparing the Trustees Annual 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 which give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and charity legislation. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 6

Document Ref: SNEUM-QFBFZ-MCDYE-DUZ67

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AT Kinetika People

(A Charity Company Limited by Guarantee, company number 3482858)

Independent Examiner's Report to the Trustees of Kinetika People

I report on the accounts of Kinetika People for the period from 1 April 2020 to 31 March 2021, which are set out on pages 8 to 16.

This report is made solely to the trustees as a body in accordance with section 145 of the Charities Act 2011 (the Charities Act) and regulations made under section 154 of that Act. My examination has been undertaken so that I might state to the 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 trustees as a body, for my examination, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

As described on page 6, the trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the the Charities Act and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales (ICAEW).

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect:

Anthony Armstrong FCA, Independent Examiner of Armstrong & Co Chartered Accountants & Statutory Auditor

Dated: 8 November 2021

4a Printing House Yard Hackney Road London E2 7PR

Page 7

Document Ref: SNEUM-QFBFZ-MCDYE-DUZ67

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(A Charity Company Limited by Guarantee, company number 3482858)

FS Kinetika People

Statement of Financial Activities

incorporating the income and expenditure account for the year ended 31 March 2021

Notes
Income from:
Charitable activities
3
Other trading activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net income/(expenditure) and movement in funds
Reconciliation of funds:
Total funds brought forward
13
Total funds carried forward
13		 2021
2020
Total Funds
Total Funds
£
£
324,964
255,097
2,950
3,015
32
35
20,000
-
347,946
258,147
272,126
247,095
272,126
247,095
75,820
11,052
67,733
56,681
143,553
67,733
Unrestricted
Funds		 Restricted
Funds
£
236,493
2,950
32
20,000		 £
88,471
-
-
-
88,471
41,011
41,011
47,460
-
47,460
259,475
231,115
231,115
28,360
67,733
96,093

All incoming resources and resources expended are derived from continuing activities. The statement of financial activities incorporates an income and expenditure account.

The accompanying accounting policies and notes form an integral part of these financial statements.

Page 8

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(A Charity Company Limited by Guarantee, company number 3482858)

Kinetika People

Statement of Financial Postion

as at 31 March 2021

Notes
Fixed assets:
Tangible assets
8
Investments
9
Total fixed assets
Current assets:
Debtors
11
Cash at bank and In hand
11
Total current assets
12
Net current assets/(liabilities)
Total net assets
The funds of the charity:
Restricted income funds
15
Unrestricted funds
13
Total charity funds
13
Creditors: amounts falling due within one year		 £
£
£
£
1,988
2,651
10
10
1,998
2,661
31,924
11,067
206,479
192,021
238,403
203,088
96,848
138,016
141,555
65,072
143,553
67,733
47,460
-
96,093
67,733
143,553
67,733
31 March 2021
31 March 2020		 £
£
£
£
1,988
2,651
10
10
1,998
2,661
31,924
11,067
206,479
192,021
238,403
203,088
96,848
138,016
141,555
65,072
143,553
67,733
47,460
-
96,093
67,733
143,553
67,733
31 March 2021
31 March 2020
£
31,924
206,479
238,403
96,848		 £
2,651
10
2,661
65,072
67,733
-
67,733
67,733

The directors are satisfied that the company is entitled to exemption from audit under Section 477 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

(i) ensuring that the company keeps proper accounting records which comply with Section 386 of the Companies Act 2006; and

(ii) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its surplus or deficit for the financial year in accordance with the requirements of Section 394 and 395 of the Companies Act 2006, and which otherwise comply with the requirements of this act relating to accounts, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard 102.

The financial statements were approved by the Board of Trustees on 8 November 2021 and signed on its behalf by:

T Witton Chair of Trustees

The notes on pages 11 to 16 form part of these accounts.

Page 9

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(A Charity Company Limited by Guarantee, company number 3482858)

Kinetika People

Statement of Cash Flows

for the year ended 31 March 2021

Notes
Depreciation charges
Dividends, interest and rents from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Cash flows from operating activities:
Net cash provided by/(used in) operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
B
Cash and cash equivalents at the end of the reporting period
B
Notes to the Cash Flow Statement
B] Analysis of cash and cash equivalents
Cash at bank and in hand
Total cash and cash equivalents
Net income/(expenditure) for the reporting period (as per the statement of
financial activities)		 2021
£
75,820
663
(32)
(20,857)
(41,168)
14,425
32
32
14,457
192,021
206,478
2021
£
206,478
206,478		 2020
£
11,052
884
(35)
(375)
114,056
125,582
35
35
125,617
66,404
192,021
2020
£
192,021
192,021

Page 10

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(A Charity Company Limited by Guarantee, company number 3482858)

Kinetika People

Accounting Policies

for the year ended 31 March 2021

Basis of preparation

The financial statements have been prepared in accordance with:

Group accounts

In accordance with The Charities Act 2011 (Group Accounts) Regulations 2015, the charity is not required to prepare group accounts.

Public benefit entity

The charitable company meets the defination of a public benefit entity under FRS 102.

Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue to operate and accordingly the accounts have been prepared on a going concern basis.

Income recognition

Income is recognised when the charity has a contractual or other right to its receipt, it is probable that the income will be received and that the amount can be measured reliably. Income with conditions attached to its receipt is recognised when those conditions have been fulfilled.

Deferred income

Income received which is contractually or otherwise not expendable until a future period is deferred to the period in which it meets the criteria for income recognition.

Restricted Funds

Restricted funds are to be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified to the fund together with a fair allocation of other costs.

Unrestricted Funds

Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.

Allocation of costs

Costs are allocated directly to projects where they can be identified as relating solely to that project. Other costs are allocated between the funds based on staff time spent on the fund activities or other appropriate criteria.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pensions

The charity operates defined contribution schemes which are administered by outside independent pensions providers. Contributions payable for the year are charged to the Statement of Financial Activities.

Tangible Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments

Investments are shown in the balance sheet at closing market value. Gains or losses on valuation are credited or charged to the statement of financial activities.

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(A Charity Company Limited by Guarantee, company number 3482858)

F Kinetika People

Notes to the Accounts for the year ended 31 March 2021

1 Incoming resources

The incoming resources and surplus are attributable to the principal activities of the charity.

2 Net incoming resources
Net incoming resources
Net incoming resources are stated after charging:
Independent Examiner's fees - reporting service
Independent Examiner's fees - other services
Depreciation - owned assets
Trustees' emoluments		 2021
£
1,000
800
663
-		 2020
£
1,000
1,400
884
-

Trustees' emoluments

Emoluments include salaries, fees, bonuses, expense allowances and estimated non-cash benefits receivable. All trustees serve in a voluntary capacity and do not receive payment for their services.

3
Income from charitable activities
ACE grant income
Project income
4
Income from other trading activities
Management charges
5
Income from investments
Bank interest received
6
Other income
Government grants: covid relief		 Unrestricted
£
126,129
110,364
236,493
Unrestricted
£
2,950
2,950
Unrestricted
£
32
32
Unrestricted
£
20,000
20,000		 Restricted
£
-
88,471
88,471
Restricted
£
-
-
Restricted
£
-
-
Restricted
£
-
-		 2021
Total
£
126,129
198,835
324,964
2021
Total
£
2,950
2,950
2021
Total
£
32
32
2021
Total
£
20,000
20,000		 2020
Total
£
123,850
131,247
255,097
2020
Total
£
3,015
3,015
2020
Total
£
35
35
2020
Total
£
-
-

Page 12

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(A Charity Company Limited by Guarantee, company number 3482858)

F Kinetika People

Notes to the Accounts

for the year ended 31 March 2021

7
Expenditure on charitable activities
Labour costs
Project costs
Product development
Insurance
Premises costs
Office expenses
Membership & subscriptions
Repairs & maintenance
Board meetings & travel
Publicity
Motor expenses
Travelling
Consultancy & other fees
Bank charges
Independent examiner's fees
Depreciation
8
Tangible fixed assets
Tangible 1
Tangible 2
£
£
Cost
As at 1 April 2020
-
-
As at 31 March 2021
-
-
Depreciation
As at 1 April 2020
-
-
Charge for the year
-
-
As at 31 March 2021
-
-
Net book value
As at 31 March 2021
-
-
As at 31 March 2020
-
-
9
Investments
Market value
As at 1 April 2020
As at 31 March 2021
Historical value at at 31 March 2021		 Unrestricted
£
73,263
90,717
21,691
4,252
23,746
3,638
384
277
112
6,670
1,039
-
2,835
28
1,800
663
231,115
Fixtures &
equipment
£
21,746
21,746
21,203
136
21,339
407
543		 Restricted
£
-
41,011
-
-
-
-
-
-
-
-
-
-
-
-
-
-
41,011
Motor
vehicles
£
14,700
14,700
14,236
116
14,352
348
464
#N/A
£
-
-
-		 2021
Total
£
73,263
131,728
21,691
4,252
23,746
3,638
384
277
112
6,670
1,039
-
2,835
28
1,800
663
272,126
Computer
equipment
£
32,655
32,655
31,011
411
31,422
1,233
1,644
Investment in
subsidiary
£
10
10
10		 2020
Total
£
66,463
100,638
24,711
4,254
26,339
6,164
507
-
361
1,934
1,242
76
10,922
200
2,400
884
247,095
Total
£
69,101
69,101
66,450
663
67,113
1,988
2,651
Total
£
10
10
10

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(A Charity Company Limited by Guarantee, company number 3482858)

F Kinetika People

Notes to the Accounts

for the year ended 31 March 2021

10 Investments in subsidiary

Under the Charities Act 2011, the charity is not required to prepare consolidated accounts. At 31 March 2021, the aggregate share capital and reserves of Kinetika Design Studios Limited amounted to a surplus of £10 (2020: deficit of £736) and a post tax surplus for the year of £746 (2020: £ Nil). The subsidiary has been valued at cost in the accounts of the charity.

11
**12 **		 Profit and loss account
Debtors: amounts falling due within one year
Operating debtors
Amount due from subsidiary
Rent deposits
Other deposits
Prepayments
Accrued income
Creditors: amounts falling due within one year
Operating creditors
VAT liability
Accrued expenses
Deferred income
Turnover
Cost of sales
Gross profit
Administration expenses
Retained profit/(loss) carried forward
Net profit/(loss) for year
Retained profit/(loss) brought forward
The results of Kinetika Design Studios Ltd are shown below:
Current assets
Current liabilities: due within one year
Retained profits
Represented by:
Share capital		 2021
£
6,959
6,959
(6,949)
10
10
-
10
32,004
(27,245)
4,759
(4,013)		 2020
£
3,492
3,492
(4,228)
(736)
10
(746)
(736)
39,232
(34,227)
5,005
(5,005)
746
(746)
-
2021
£
26,340
1,735
2,013
-
886
950
31,924
2021
£
5,826
6,575
60
84,387
96,848		 -
(746)
(746)
2020
£
4,452
3,965
1,543
221
886
-
11,067
2020
£
65
15,409
1,297
121,245
138,016

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F Kinetika People

(A Charity Company Limited by Guarantee, company number 3482858)

Notes to the Accounts

for the year ended 31 March 2021

13
14
**15 **		 The funds of the charity: current year
Restricted funds
Restricted income funds
Unrestricted funds
General funds
The funds of the charity: prior year
Unrestricted funds
Designated funds
General funds
Total unrestricted funds
Restricted funds: current period
Active Essex
Hertage Lottery Fund
Arts Council England: Land of the Fanns Finale
Reaching Communities		 Opening
balance
£
-
67,733
67,733
Opening
balance
£
-
56,681
56,681
56,681
Opening
balance
£
-
-
-
-
-		 Resources
arising
£
88,471
259,475
347,946
Resources
arising
£
1,950
256,197
258,147
258,147
Incoming
resources
£
3,180
161
14,580
70,550
88,471		 Resources
utilised
£
(41,011)
(231,115)
(272,126)
Resources
utilised
£
(1,950)
(245,145)
(247,095)
(247,095)
Resources
expended
£
1,050
144
1,900
37,917
41,011		 Other
movements
£
-
-
-
Other
movements
£
-
-
-
-
Transfers &
gains/(losse
£
-
-
-
-
-		 Closing
balance
£
47,460
96,093
143,553
Closing
balance
£
-
67,733
67,733
67,733
Closing
balance
£
2,130
17
12,680
32,633
47,460

Restricted funds (continued)

Projects financed by restricted funds are supported by unrestricted funding where necessary. This occurs where the funding is in arrears or the incidence of expenditure on the project occurs disproportionately at the beginning of the project compared to the income flows. Where restricted projects end the year with a deficit, this is met by after year-end restricted income or transfers from unrestricted funds.

from unrestricted funds.
Active Essex Funding from the Tackling Equalities fund to help support BAME walk leaders to devise and
lead walks within their own communities.
Hertage Lottery Fund Funding to support Kinetika’s T100 project in its early stages and ongoing digital costs.
Arts Council England: Land of
the Fanns Finale		 Funding secured by Thurrock Council to develop a Finale event to conclude Land of the
Fanns communityengagement activity.
Reaching Communities Funding secured from The National Lottery Community Fund will enable Kinetika to continue
to deliver T100, a Thames Estuary focussed annual walking and talking festival starting and
ending in Thurrock, and develop it into an independent, community managed and run legacy
organisation.
16 Net assets attributable to funds: current period
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds		 General
funds
1,998
190,943
(96,848)
96,093		 Designated
funds
£
-
-
-
-		 Restricted
funds
£
-
47,460
-
47,460		 Endowment
funds
£
-
-
-
-		 Total
£
1,998
238,403
(96,848)
143,553

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F Kinetika People

(A Charity Company Limited by Guarantee, company number 3482858)

Notes to the Accounts

for the year ended 31 March 2021

17 Net assets attributable to funds: prior period
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds		 General
funds
2,662
203,089
(138,018)
67,733		 Designated
funds
£
-
-
-
-		 Restricted
funds
£
-
-
-
-		 Endowment
funds
Total
£
£
-
2,662
-
203,089
-
(138,018)
-
67,733

18 Taxation

The company is a registered charity. Accordingly, it is exempt from taxation in respect of income and capital gains to the extent that these are applied to its charitable objects.

19 Post balance sheet events

There were no significant post balance sheet events.

20 Other financial commitments

Total operating lease commitments

At 31 March 2021, the charity had total commitments under non-cancellable operating leases as detailed below:

Property leases

2021 2020
£ £
108,033 129,286
108,033 129,286

21 Contingent liabilities

Except as disclosed elsewhere in the pensions accounting policy note, the charitable company had no material contingent liabilities at 31 March 2021 nor at 31 March 2020.

22 Related parties

There were no disclosable related party transactions during the year.

23 Transactions with trustees
M J Tyson
Reimbursement of travel expenses
During the year the following transactions with trustees were recorded:		 2021
2020
£
£
Nil
Nil

24 Gifts in kind and volunteers

During the year the charitable company benefited from unpaid work performed by volunteers.

25 Company status

The company is limited by guarantee and has no share capital. The guarantors liability in the event the company is wound up is restricted to a maximum of £1 each.

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