_**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 2022**
Document Ref: BMJP7-KZB7M-HPASG-SGAHS
Page 1 of 17
AT **Kinetika People**
**(A Charity Company Limited by Guarantee, company number 3482858)**
**Index to the Financial Statements for the year ended 31 March 2022**
||**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 - 17**|
Page 2
Document Ref: BMJP7-KZB7M-HPASG-SGAHS
Page 2 of 17
AT **Kinetika People**
**(A Charity Company Limited by Guarantee, company number 3482858)**
## **Charitable company Information**
## **for the year ended 31 March 2022**
|**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|- Resigned 14 September 2022|
||S Meehan||
||D Ding||
||Z Mills|- Appointed 4 January 2022|
|**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: BMJP7-KZB7M-HPASG-SGAHS
Page 3 of 17
AT **Kinetika People**
**(A Charity Company Limited by Guarantee, company number 3482858)**
## **Trustees' Report, incorporating the Directors' Report**
## **for the year ended 31 March 2022**
The Trustees of Kinetika People present their report together with the financial statements for the year ended 31 March 2022.
## **Principal activity**
The principal activity of the charity in the year under review was that of delivering artistic community engagement projects.
We are continuing to build on our model and develop projects and engage communities across the country and beyond. Whilst several the projects in 2021/22 were with new partners, we continue to work with repeat partners to build on previous engagement and leave a legacy. We are committed to developing our local artists and their artistic practice.
## **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.
## **Trustees**
The Trustees of the charity who held office during the year are disclosed on page 3. Kinetika People operates under the status as a charity, benefiting from the commercial support of Kinetika Design Studio.
## **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**
Located in High House Production Park, Thurrock, our focus, though not exclusively, is on working with local communities living around the Thames Estuary and Essex.
In 2021/22 Kinetika proved itself to be a resilient arts organisation that built on the adaptations of changing circumstances due to COVID-19, to be more digitally focussed in its delivery.
Our successful T100 programme was developed into our seventh year of the festival Thurrock T100 Dreaming which created an opportunity for communities to creatively re-imagine their futures. T100 is funded by Reaching Communities until January 2023, and we continue and develop the project working towards creating a sustainable model.
Our regional Beach of Dreams project was a key highlight of our activity and explored how we could take care of the environment, the coast, the community and ourselves. We continue to explore scaling the project to a national level.
## **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 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 expenditure for the year of £4,632 and reserves of £138,921.
## **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.
Page 4
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Page 4 of 17
AT **Kinetika People**
**(A Charity Company Limited by Guarantee, company number 3482858)**
## **Trustees' Report, incorporating the Directors' Report**
**for the year ended 31 March 2022**
## **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 18 October 2022 and signed on its behalf by:
## **T Witton Chair of Trustees**
Page 5
Document Ref: BMJP7-KZB7M-HPASG-SGAHS
Page 5 of 17
AT **Kinetika People**
**(A Charity Company Limited by Guarantee, company number 3482858)**
## **Statement of Trustees' Responsibilities for the year ended 31 March 2022**
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
Document Ref: BMJP7-KZB7M-HPASG-SGAHS
Page 6 of 17
**(A Charity Company Limited by Guarantee, company number 3482858)**
## AT **Kinetika People**
## **Independent Examiner's Report to the Trustees of Kinetika People**
I report on the accounts of Kinetika People for the period from 1 April 2021 to 31 March 2022, which are set out on pages 8 to 17.
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: 18 October 2022**
**4a Printing House Yard Hackney Road London E2 7PR**
Page 7
Document Ref: BMJP7-KZB7M-HPASG-SGAHS
Page 7 of 17
**(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 2022**
|**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|||**2022**
**2021**
**Total Funds**
**Total Funds**
£
£
305,621
324,964
6,888
2,950
28
32
1,684
20,000
**314,221**
**347,946**
318,853
272,127
**318,853**
**272,127**
(4,632)
75,819
143,553
67,734
**138,921**
**143,553**|
|---|---|---|---|
||**Unrestricted**
**Funds**|**Restricted**
**Funds**||
||£
228,136
6,888
28
1,684|£
77,485
-
-
-
**77,485**
82,951
**82,951**
(5,466)
47,460
**41,994**||
||**236,736**|||
||235,902|||
||**235,902**|||
||834
96,093|||
||**96,927**|||
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
Document Ref: BMJP7-KZB7M-HPASG-SGAHS
Page 8 of 17
**(A Charity Company Limited by Guarantee, company number 3482858)**
## **Kinetika People**
## **Statement of Financial Postion**
## **as at 31 March 2022**
|**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**|£
£
£
£
1,491
1,988
10
10
1,501
1,998
15,441
31,924
179,688
206,478
195,129
238,402
57,709
96,847
137,420
141,555
138,921
143,553
41,994
47,460
96,927
96,093
138,921
143,553
**31 March 2022**
**31 March 2021**|£
£
£
£
1,491
1,988
10
10
1,501
1,998
15,441
31,924
179,688
206,478
195,129
238,402
57,709
96,847
137,420
141,555
138,921
143,553
41,994
47,460
96,927
96,093
138,921
143,553
**31 March 2022**
**31 March 2021**|
|---|---|---|
||£
15,441
179,688
195,129
57,709|£
1,988
10|
|||1,998
141,555|
|||143,553|
|||47,460
96,093|
|||143,553|
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 18 October 2022 and signed on its behalf by:**
**T Witton Chair of Trustees**
_**The notes on pages 11 to 17 form part of these accounts.**_
Page 9
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Page 9 of 17
**(A Charity Company Limited by Guarantee, company number 3482858)**
## **Kinetika People**
## **Statement of Cash Flows**
## **for the year ended 31 March 2022**
|**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)**|**2022**
£
(4,632)
497
(28)
16,483
(39,138)
(26,818)
28
28
(26,790)
206,478
**179,688**
**2022**
£
179,688
**179,688**|**2021**
£
75,819
663
(32)
(20,857)
(41,169)|
|---|---|---|
|||14,424
32|
|||32|
|||14,456
192,022|
|||**206,478**|
|||**2021**
£
206,478|
|||**206,478**|
Page 10
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Page 10 of 17
**(A Charity Company Limited by Guarantee, company number 3482858)**
## **Kinetika People**
## **Accounting Policies**
## **for the year ended 31 March 2022**
## **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.
Page 11
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Page 11 of 17
**(A Charity Company Limited by Guarantee, company number 3482858)**
## F **Kinetika People**
**Notes to the Accounts for the year ended 31 March 2022**
## **1 Incoming resources**
The incoming resources and surplus are attributable to the principal activities of the charity.
## **2 Net outgoing resources**
||||
|---|---|---|
|**Net outgoing resources**
_Net outgoing resources are stated after charging:_
Independent Examiner's fees - reporting service
Independent Examiner's fees - other services
Depreciation - owned assets
**Trustees' emoluments**|**2022**
£
1,000
800
497
-|**2021**
£
1,000
1,400
663|
|||-|
## **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
Miscellaneous income|**Unrestricted**
£
126,129
102,007
228,136
**Unrestricted**
£
6,888
6,888
**Unrestricted**
£
28
28
**Unrestricted**
£
-
1,684
1,684|**Restricted**
£
-
77,485
77,485
**Restricted**
£
-
-
**Restricted**
£
-
-
**Restricted**
£
-
-
-|**2022**
**Total**
£
126,129
179,492
305,621
**2022**
**Total**
£
6,888
6,888
**2022**
**Total**
£
28
28
**2022**
**Total**
£
-
1,684
1,684|**2021**
**Total**
£
126,129
198,835|
|---|---|---|---|---|
|||||324,964|
|||||**2021**
**Total**
£
2,950|
|||||2,950|
|||||**2021**
**Total**
£
32|
|||||32|
|||||**2021**
**Total**
£
20,000
-|
|||||20,000|
Page 12
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Page 12 of 17
**(A Charity Company Limited by Guarantee, company number 3482858)**
## F **Kinetika People**
## **Notes to the Accounts**
## **for the year ended 31 March 2022**
|**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 2021
-
-
As at 31 March 2022
-
-
**Depreciation**
As at 1 April 2021
-
-
Charge for the year
-
-
As at 31 March 2022
-
-
**Net book value**
As at 31 March 2022
-
-
As at 31 March 2021
-
-
**9**
**Investments**
**Market value**
As at 1 April 2021
As at 31 March 2022
**Historical value at at 31 March 2022**|**Unrestricted**
£
89,450
74,814
20,000
4,252
28,405
4,264
783
(54)
654
4,940
1,311
27
4,635
98
1,826
497
235,902
**Fixtures &**
**equipment**
£
21,746
21,746
21,339
102
21,441
305
407|**Restricted**
£
-
82,951
-
-
-
-
-
-
-
-
-
-
-
-
-
-
82,951
**Motor**
**vehicles**
£
14,700
14,700
14,352
87
14,439
261
348
**#N/A**
£
-
-
-|**2022**
**Total**
£
89,450
157,765
20,000
4,252
28,405
4,264
783
(54)
654
4,940
1,311
27
4,635
98
1,826
497
318,853
**Computer**
**equipment**
£
32,655
32,655
31,422
308
31,730
925
1,233
**Investment in**
**subsidiary**
£
10
10
10|**2021**
**Total**
£
73,263
131,729
21,691
4,252
23,746
3,638
384
277
112
6,670
1,039
-
2,835
28
1,800
663|
|---|---|---|---|---|
|||||272,127|
|||||**Total**
£
69,101|
|||||69,101|
|||||67,113
497|
|||||67,610|
|||||1,491|
|||||1,988|
|||||**Total**
£
10|
|||||10|
|||||10|
Page 13
Document Ref: BMJP7-KZB7M-HPASG-SGAHS
Page 13 of 17
**(A Charity Company Limited by Guarantee, company number 3482858)**
## F **Kinetika People**
## **Notes to the Accounts for the year ended 31 March 2022**
## **10 Investments in subsidiary**
Under the Charities Act 2011, the charity is not required to prepare consolidated accounts. At 31 March 2022, the aggregate share capital and reserves of Kinetika Design Studios Limited amounted to a surplus of £10 (2021: surplus of £10) and a post tax result for the year of £Nil (2021: £746 surplus). 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
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
Represented by:
Share capital|**2022**
£
37,113
37,113
(37,103)
10
10
10
106,644
(98,568)
8,076
(8,076)|**2021**
£
6,959|
|---|---|---|---|
||||6,959
(6,949)|
||||10|
||||10|
||||10|
||||32,004
(27,245)|
||||4,759
(4,013)|
|||-
-
-
**2022**
£
8,266
600
1,705
982
3,888
15,441
**2022**
£
11,938
2,595
747
42,429
57,709|746
(746)|
||||-|
||||**2021**
£
26,340
1,735
2,013
886
950|
||||31,924|
||||**2021**
£
5,826
6,575
59
84,387|
||||96,847|
Page 14
Document Ref: BMJP7-KZB7M-HPASG-SGAHS
Page 14 of 17
## F **Kinetika People**
## **(A Charity Company Limited by Guarantee, company number 3482858)**
## **Notes to the Accounts**
**for the year ended 31 March 2022**
|**13 **
**14 **
**15 **
**16 **|**The funds of the charity: current year**
_Restricted funds_
Restricted income funds
_Unrestricted funds_
General funds
**The funds of the charity: prior year**
_Restricted funds_
Restricted income funds
_Unrestricted funds_
General funds
**Restricted funds: current period**
Active Essex
Chelmsford CVS
Carnival Gold
Heritage Lottery Fund
Arts Council England: Land of the Fanns Finale
Mottingham Big Local Refocused (MBLR)
Reaching Communities
Riverside Community Big Local
Thurrock Council
Thurrock CVS
**Restricted funds: prior period**
Active Essex
Heritage Lottery Fund
Arts Council England: Land of the Fanns Finale
Reaching Communities|**Opening**
**balance**
£
47,460
96,093
143,553
**Opening**
**balance**
£
-
67,733
67,733
**Opening**
**balance**
£
2,130
-
-
17
12,680
-
32,633
-
-
-
47,460
**Opening**
**balance**
£
-
-
-
-
-|**Resources**
**arising**
£
77,485
236,736
314,221
**Resources**
**arising**
£
88,471
259,475
347,946
**Incoming**
**resources**
£
-
8,934
5,812
-
6,080
1,659
41,000
5,000
5,000
4,000
77,485
**Incoming**
**resources**
£
3,180
161
14,580
70,550
88,471|**Resources**
**utilised**
£
(82,951)
(235,902)
(318,853)
**Resources**
**utilised**
£
(41,011)
(231,115)
(272,126)
**Resources**
**expended**
£
2,130
2,323
5,662
17
18,760
1,721
42,874
4,463
5,000
-
82,951
**Resources**
**expended**
£
1,050
144
1,900
37,917
41,011|**Other**
**movements**
£
-
-
-
**Other**
**movements**
£
-
-
-
**Transfers &**
**gains/(losse**
£
-
-
-
-
-
-
-
-
-
-
-
**Transfers &**
**gains/(losse**
£
-
-
-
-
-|**Closing**
**balance**
£
41,994
96,927|
|---|---|---|---|---|---|---|
|||||||138,921|
|||||||**Closing**
**balance**
£
47,460
96,093|
|||||||143,553|
|||||||**Closing**
**balance**
£
-
6,611
150
-
-
(62)
30,759
537
-
4,000|
|||||||41,994|
|||||||**Closing**
**balance**
£
2,130
17
12,680
32,633|
|||||||47,460|
Page 15
Document Ref: BMJP7-KZB7M-HPASG-SGAHS
Page 15 of 17
**(A Charity Company Limited by Guarantee, company number 3482858)**
## F **Kinetika People**
## **Notes to the Accounts**
## **for the year ended 31 March 2022**
## **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.|
|**Chelmsford CVS**|Funding from Chelmsford CVS to develop the C100 Walking, Talking and Making festival.|
|**Carnival Gold**|Funding from Arts Council England to support artist development and community
engagement.|
|**Heritage 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 community engagement activity.|
|**Mottingham Big Local**
**Refocused(MBLR)**|Big Local Trust funding to deliver a Mottingham Silks project with community engagement
and training of local artists.|
|**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.|
|**Riverside Community Big Local**|Big Local Trust funding to support Kinetika’s community engagement work specifically in the
Grays Big Local area.|
|**Thurrock Council**|Grant funding secured via Thameside Theatre to support Kinetika’s community engagement
work in Thurrock.|
|**Thurrock CVS**|VSDF Community Fund grant funding to support ongoing community engagement in
Thurrock.|
|**17 Net assets attributable to funds: current period**
Fixed assets
Current assets
Current liabilities
Net assets represented by funds|**General**
**funds**
1,501
153,135
(57,709)
96,927|**Designated**
**funds**
£
-
-
-
-|**Restricted**
**funds**
£
-
41,994
-
41,994|**Endowment**
**funds**
**Total**
£
£
-
1,501
-
195,129
-
(57,709)
-
138,921|
|---|---|---|---|---|
Page 16
Document Ref: BMJP7-KZB7M-HPASG-SGAHS
Page 16 of 17
**(A Charity Company Limited by Guarantee, company number 3482858)**
## F **Kinetika People**
## **Notes to the Accounts**
## **for the year ended 31 March 2022**
|**18 Net assets attributable to funds: prior period**
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|
|---|---|---|---|---|
## **19 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.
## **20 Post balance sheet events**
There were no significant post balance sheet events.
## **21 Other financial commitments**
## Total operating lease commitments
At 31 March 2022, the charity had total commitments under non-cancellable operating leases as detailed below:
|Property leases|**2022**
**2021**
**£**
**£**
86,781
108,033
86,781
108,033|
|---|---|
## **22 Contingent liabilities**
Except as disclosed elsewhere in the pensions accounting policy note, the charitable company had no material contingent liabilities at 31 March 2022 nor at 31 March 2021.
## **23 Related parties**
There were no disclosable related party transactions during the year.
|**24 Transactions with trustees**
M J Tyson
Reimbursement of travel expenses
During the year the following transactions with trustees were recorded:|**2022**
**2021**
**£**
**£**
Nil
Nil|
|---|---|
## **25 Gifts in kind and volunteers**
During the year the charitable company benefited from unpaid work performed by volunteers.
## **26 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 17
Document Ref: BMJP7-KZB7M-HPASG-SGAHS
Page 17 of 17