_**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
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Page 2 of 16
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
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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:
- Land of the Fanns – Completion of Heritage Lottery Fund community mapping and digital heritage project.
- Finale and Character Interpretation – continued from previous year and will carry into 21/22 culminating in the Tales of The Fanns, June 2021.
- Purfleet-on-Thames flags, engaging 25 groups to bring the community together and celebrate Purfleet being renamed Purfleeton-Thames.
- T100 Calling, our 6th Annual festival, that we delivered safely under The Rule of 6 in 7 activity hubs across Thurrock in September 2020 with the support of additional Reaching Communities Extension Funding to support communities during the pandemic.
- T100 Exhibition was designed and completed along with a new book. This launched in September 2020.
- Royal Opera House Trailblazers was postponed but a teachers inset and new resource pack was delivered in March 2021.
- Active Essex supported T100 to train 4 new BAME walk leaders and to devise 4 new walks under the mentorship of Saira Naizi, Living London.
- Due to COVID a commission for MK International Festival was postponed and resumed in early 2021 with the production of MK Mandala Resource Pack engaging 150 local participants.
-
- We began delivery of Beach of Dreams, a 500-mile walk engaging communities from Lowestoft to Tilbury.
## **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.
Page 4
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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
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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:
- a) Select suitable accounting policies and apply them consistently;
- b) Observe the methods and principles in the Charities SORP;
- c) Make judgements and estimates that are reasonable and prudent;
- d) Follow applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the accounts;
- e) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charitable company will continue in operation.
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
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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:
- a) examine the accounts under section 145 of the Charities Act;
- b) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and
- c) to state whether particular matters have come to my attention.
## **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:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006 Act, or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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, or
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
- I 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 accounts to be reached.
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
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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.**_
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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**|
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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:
- a) Applicable UK accounting standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)'.
- b) 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) (effective 1 January 2015) - (Charities SORP FRS 102);
- c) the Companies Act 2006.
- d) the Charities Act 2011.
## **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**
£
-|
|||||-|
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Page 12 of 16
**(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|
Page 13
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Page 13 of 16
**(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|
Page 14
Document Ref: SNEUM-QFBFZ-MCDYE-DUZ67
Page 14 of 16
## 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|
Page 15
Document Ref: SNEUM-QFBFZ-MCDYE-DUZ67
Page 15 of 16
## 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.
Page 16
Document Ref: SNEUM-QFBFZ-MCDYE-DUZ67
Page 16 of 16