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← Kinetika People

2024-03-31-accounts

Company number: 3482858 Charity number: 1160439

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----- Start of picture text -----
Kinetika People
(A Charity Company Limited by Guarantee, company number 3482858)
Financial Statements
and
Trustees' Report
for the year ended 31 March 2024
----- End of picture text -----

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

Index to the Financial Statements for the year ended 31 March 2024

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

AT Kinetika People

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

Charitable company Information

for the year ended 31 March 2024

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 - Resigned 19 December 2023
D Ding
Z Mills
Chair: T Witton
Treasurer: M J Tyson
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

AT Kinetika People

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

Trustees' Report, incorporating the Directors' Report for the year ended 31 March 2024

The Trustees of Kinetika People present their report together with the financial statements for the year ended 31 March 2024.

Principal activity

The principal activity of the charity in the year under review was that of delivering artistic community engagement projects.

We have continued in the delivery of high-quality community engagement work around place-making. We do this through participatory programmes, workshops, and artist training schemes to nurturing new artistic talent. Our programmes seek to engage communities, raise aspirations, and create a new sense of place.

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

Much of our work in 2023/24 built on previous engagement in our local area, co-producing plans with the community.

Our T100 Festival entered its ninth consecutive year, and we extend our gratitude to The National Lottery Community Fund for their ongoing support of the programme.

We have continued to build on and establish new relationships with local and national partners to deliver our place making model across schools and communities. Our model strives to build engagement, develop creative talent, and create a legacy for communities.

We continue to work towards our national 2025 Beach of Dreams programme, which will explore how we can take care of the environment, the coast, the community, and ourselves at a national level.Our thanks go to Arts Council England who have

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 income for the year of £54,273 and reserves of £175,549.

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 of running costs as a general reserve is appropriate for the charity. For the 2023/24 financial year, this amounts to £43,000.

Page 4

AT Kinetika People

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

Trustees' Report, incorporating the Directors' Report

for the year ended 31 March 2024

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 January 2025 and signed on its behalf by:

M J Tyson Treasurer, Trustee

Page 5

AT Kinetika People

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

Statement of Trustees' Responsibilities for the year ended 31 March 2024

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).

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.

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

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 2023 to 31 March 2024, 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:

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:

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 January 2025

4a Printing House Yard Hackney Road London E2 7PR

Page 7

FS Kinetika People

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

Statement of Financial Activities

incorporating the income and expenditure account for the year ended 31 March 2024

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
14
Total funds carried forward
14		 2024
Total Funds
£
313,801
34,047
2,910
-
350,758
296,485
296,485
54,273
121,276
175,549		 2023
Unrestricted
Funds		 Restricted
Funds		 Total Funds
£
190,681
34,047
2,910
-		 £
123,120
-
-
-
123,120
82,554
82,554
40,566
7,007
47,573		 £
247,699
8,120
1,010
554
227,638 257,383
213,931 275,028
213,931 275,028
13,707
114,269		 (17,645)
138,921
127,976 121,276

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

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

Kinetika People

Statement of Financial Postion

as at 31 March 2024

31 March 2024 31 March 2024 31 March 2023 31 March 2023
Notes
Fixed assets:
Tangible assets
8
Investments
9		 £ £
839
10		 £ £
1,118
10
Total fixed assets
Current assets:
Debtors
11
Cash at bank and In hand
12		 46,047
171,119		 849 18,615
131,196		 1,128
Total current assets
13
Creditors: amounts falling due within one year		 217,166
42,466		 149,811
29,663
Net current assets/(liabilities) 174,700 120,148
Total net assets
The funds of the charity:
Restricted income funds
17
Unrestricted funds
14		 175,549
47,573
127,976		 121,276
7,007
114,269
Total charity funds
14		 175,549 121,276

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 January 2025 and signed on its behalf by:

M J Tyson Treasurer, Trustee

The notes on pages 11 to 17 form part of these accounts.

Page 9

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

Kinetika People

Statement of Cash Flows

for the year ended 31 March 2024

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)		 2024
£
54,273
279
(2,910)
(27,432)
12,803
37,013
2,910
2,910
39,923
131,196
171,119
2024
£
171,119
171,119		 2023
£
(17,645)
373
(1,010)
(3,174)
(28,047)
(49,503)
1,010
1,010
(48,493)
179,689
131,196
2023
£
131,196
131,196

Page 10

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

Kinetika People

Accounting Policies

for the year ended 31 March 2024

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.

Designated Funds

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

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

F Kinetika People

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

Notes to the Accounts for the year ended 31 March 2024

1 Incoming resources

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

2
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		 2024
£
1,000
800
279
-		 2023
£
1,000
800
373
-

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
Miscellaneous income		 Unrestricted
£
126,129
64,552
190,681
Unrestricted
£
34,047
34,047
Unrestricted
£
2,910
2,910
Unrestricted
£
-
-		 Restricted
£
-
123,120
123,120
Restricted
£
-
-
Restricted
£
-
-
Restricted
£
-
-		 2024
Total
£
126,129
187,672
313,801
2024
Total
£
34,047
34,047
2024
Total
£
2,910
2,910
2024
Total
£
-
-		 2023
Total
£
126,129
121,570
247,699
2023
Total
£
8,120
8,120
2023
Total
£
1,010
1,010
2023
Total
£
554
554

Page 12

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

F Kinetika People

Notes to the Accounts

for the year ended 31 March 2024

7
Expenditure on charitable activities
Labour costs
Project costs
Product development
Insurance
Premises costs
Office expenses
Membership & subscriptions
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 2023
-
-
As at 31 March 2024
-
-
Depreciation
As at 1 April 2023
-
-
Charge for the year
-
-
As at 31 March 2024
-
-
Net book value
As at 31 March 2024
-
-
As at 31 March 2023
-
-
9
Investments
Market value
As at 1 April 2023
As at 31 March 2024
Historical value at at 31 March 2024		 Unrestricted
£
115,305
49,887
-
4,402
29,707
4,124
849
341
2,466
1,972
11
2,727
60
1,800
280
213,931
Fixtures &
equipment
£
21,746
21,746
21,517
57
21,574
172
229		 Restricted
£
-
82,554
-
-
-
-
-
-
-
-
-
-
-
-
-
82,554
Motor
vehicles
£
14,700
14,700
14,504
49
14,553
147
196
#N/A
£
-
-
-		 2024
Total
£
115,305
132,441
-
4,402
29,707
4,124
849
341
2,466
1,972
11
2,727
60
1,800
280
296,485
Computer
equipment
£
32,655
32,655
31,962
173
32,135
520
693
Investment in
subsidiary
£
10
10
10		 2023
Total
£
96,342
105,431
20,000
5,138
27,169
4,198
1,067
1,531
3,919
1,561
6
6,398
82
1,813
373
275,028
Total
£
69,101
69,101
67,983
279
68,262
839
1,118
Total
£
10
10
10

Page 13

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

F Kinetika People

Notes to the Accounts for the year ended 31 March 2024

10 Investments in subsidiary

Under the Charities Act 2011, the charity is not required to prepare consolidated accounts. At 31 March 2024, the aggregate share capital and reserves of Kinetika Design Studios Limited amounted to a surplus of £10 (2023: surplus of £10) and a post tax result for the year of £Nil (2023: £ Nil). The subsidiary has been valued at cost in the accounts of the charity.

dios Ltd are shown below:
Current assets
Current liabilities: due within one year
Represented by:
Share capital
Turnover
Cost of sales
Gross profit
Administration expenses
Retained profit/(loss) carried forward
Net profit/(loss) for year
Retained profit/(loss) brought forward		 2024
£
45,581
45,581
(45,571)
10
10
10
152,633
(117,491)
35,142
(35,142)		 2023
£
13,330
13,330
(13,320)
10
10
10
149,582
(140,408)
9,174
(9,174)
-
-
-		 -
-
-

The results of Kinetika Design Studios Ltd are shown below:

Profit and loss account

11 Debtors: amounts falling due within one year

Debtors: amounts falling due within one year
Operating debtors
Rent deposits
VAT refund
Prepayments
Accrued income
Bank and cash in hand
CAF current Account
CAF Gold Account
Kinetika PayPal
Petty cash
Creditors: amounts falling due within one year
Operating creditors
Amount due to subsidiary
VAT liability
Accrued expenses
Deferred income		 2024
£
44,279
1,662
-
106
-
46,047
2024
£
25,075
146,040
-
4
171,119
2024
£
16,713
283
10,699
172
14,599
42,466		 2023
£
9,811
1,946
1,450
2,288
3,120
18,615
2023
£
6,170
127,046
(2,046)
26
131,196
2023
£
-
105
-
-
29,558
29,663

12 Bank and cash in hand

13 Creditors: amounts falling due within one year

Page 14

F Kinetika People

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

Notes to the Accounts

for the year ended 31 March 2024

14
15
**16 **		 The funds of the charity: current year
Restricted funds
Restricted income funds
Unrestricted funds
Designated funds
General funds
Total unrestricted funds
The funds of the charity: prior year
Restricted funds
Restricted income funds
Unrestricted funds
General funds
Designated funds: current year
Artistic Direction
Website Review
Beach of Dreams R&D
Consultancy & Marketing
Garden Maintenance
Green Light Festival		 The funds of the charity: current year
Restricted funds
Restricted income funds
Unrestricted funds
Designated funds
General funds
Total unrestricted funds
The funds of the charity: prior year
Restricted funds
Restricted income funds
Unrestricted funds
General funds
Designated funds: current year
Artistic Direction
Website Review
Beach of Dreams R&D
Consultancy & Marketing
Garden Maintenance
Green Light Festival		 Opening
balance
£
7,007
-
114,269
114,269
121,276
Opening
balance
£
41,994
96,927
138,921
Opening
balance
£
-
-
-
-
-
-
-		 Resources
arising
£
123,120
17,262
210,376
227,638
350,758
Resources
arising
£
58,497
198,886
257,383
Resources
arising
£
4,350
3,000
4,335
3,273
1,666
638
17,262		 Resources
utilised
£
(82,554)
-
(213,931)
(213,931)
(296,485)
Resources
utilised
£
(93,484)
(181,544)
(275,028)
Resources
utilised
£
-
-
-
-
-
-
-		 Other
movements
£
-
-
-
-
-
Other
movements
£
-
-
-
Transfers &
adjustments
£
-		 Closing
balance
£
47,573
17,262
110,714
127,976
175,549
Closing
balance
£
7,007
114,269
121,276
Closing
balance
£
4,350
3,000
4,335
3,273
1,666
638
17,262
Artistic Direction Funds designated to cover Artistic Direction time
Website Review Allocated to support the future development of the organisation's website.
Beach of Dreams R&D Designated for the Research and Development phase of Beach of Dreams as part of
ongoing efforts to secure full project funding.
Consultancy & Marketing Funds allocated to enhance Marketing capacity within the team for 2024/25.
Garden Maintenance Designated for maintaining the onsite Natural Dye Garden during 2024/25.
Green Light Festival Allocated for the ongoing delivery of the START Thurrock Green Light Programme in 2024
17 Restricted funds: current period
Opening
balance
Incoming
resources
£
£
Creative Estuary Cultural Programme; Purfleet Creat
1,616
1,471
Historic England
-
-
Mottingham Big Local Refocused (MBLR)
(7,480)
7,839
The National Lottery Community Fund
-
89,731
The National Lottery Community Fund, RC London a
6,452
-
Riverside Community Big Local
357
-
Subrang Arts; Croydon Mela Project
(106)
18,811
Subrang Arts; Croydon School's Project
2,168
5,267
Thurrock CVS
4,000
-
7,007
123,120		 Resources
expended
£
3,087
3,000
359
39,407
6,452
108
18,705
7,435
4,000
82,554		 Transfers &
gains/(losse
£
-
-
-
-
-
-
-
-
-
-		 Closing
balance
£
-
(3,000)
-
50,324
-
249
-
-
-
47,573

Page 15

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

F Kinetika People

Notes to the Accounts

for the year ended 31 March 2024

18 Restricted funds: prior period
Opening
balance
Incoming
resources
£
£
Chelmsford CVS
6,611
13,402
Creative Estuary Cultural Programme; Purfleet Creat
-
1,616
Carnival Gold
150
-
Mottingham Big Local Refocused (MBLR)
(62)
15,469
The National Lottery Community Fund, RC London a
30,759
20,500
Riverside Community Big Local
537
-
Subrang Arts; Croydon Mela Project
-
-
Subrang Arts; Croydon School's Project
-
3,511
Thurrock CVS
4,000
4,000
41,995
58,498		 Resources
expended
£
20,012
-
150
22,886
44,807
180
106
1,343
4,000
93,484		 Transfers &
gains/(losse
£
-
-
-
-
-
-
-
-
-
-		 Closing
balance
£
-
1,616
-
(7,479)
6,452
357
(106)
2,168
4,000
7,007

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.

Chelmsford CVS Funding from Chelmsford CVS to develop the C100 Walking, Talking and Making festival.
Creative Estuary Cultural
Programme; Purfleet Creative		 Funding secured in collaboration with Steve Lawes to develop silk painting with local schools
and community groups.
Carnival Gold Funding from Arts Council England to support artist development and community
engagement.
Historic England Re-Imagining East Coast Narratives, Project Design
Mottingham Big Local
Refocused(MBLR)		 Big Local Trust funding to deliver a Mottingham Silks project with community engagement
and training of local artists.
The National Lottery Community
Fund		 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.
The National Lottery Community
Fund, RC London and South
East Region		 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.
Riverside Community Big Local Grays Big Local area.
Subrang Arts; Croydon Mela
Project		 Funding secured through Arts Council England in collaboration with Subrang Arts to develop
a Kalasetu Queen carnival section.
Subrang Arts; Croydon School's
Project		 Funding secured through National Lottery Heritage Fund in collaboration with Subrang Arts
to engage young people in silk painting.
Thurrock CVS VSDF Community Fund grant funding to support ongoing community engagement in
Thurrock.
19 Transfers between funds
General to designated
20 Net assets attributable to funds: current period
Fixed assets
Current assets
Current liabilities
Net assets represented by funds		 General
funds
(17,262)
(17,262)
General
funds
849
152,331
(42,466)
110,714		 Designated
funds
17,262
17,262
Designated
funds
£
-
17,262
-
17,262		 Restricted
funds
-
Restricted
funds
£
-
47,573
-
47,573		 Endowment
funds
-
Endowment
funds
£
-
-
-
-		 Total
-
-
Total
£
849
217,166
(42,466)
175,549

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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 2024

21 Net assets attributable to funds: prior period
Fixed assets
Current assets
Current liabilities
Net assets represented by funds		 General
funds
1,128
142,804
(29,663)
114,269		 Designated
funds
£
-
-
-
-		 Restricted
funds
£
-
7,007
-
7,007		 Endowment
funds
£
-
-
-
-		 Total
£
1,128
149,811
(29,663)
121,276

22 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.

23 Post balance sheet events

There were no significant post balance sheet events.

24 Other financial commitments

Total operating lease commitments

At 31 March 2024, the charity had total commitments under non-cancellable operating leases as detailed below:

Property leases 2024
£
44,276
44,276		 2023
£
65,528
65,528

25 Contingent liabilities

Except as disclosed elsewhere in the pensions accounting policy note, the charitable company had no material contingent liabilities at 31 March 2024 nor at 31 March 2023.

26 Related parties

There were no disclosable related party transactions during the year.

27 Gifts in kind and volunteers

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

28 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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