2025-03-31-accounts - Kinetika People

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Company number: 3482858 Charity number: 1160439

Kinetika People Financial Statements and Trustees' Report for the year ended 31 March 2025

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

AT Kinetika People

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

Index to the Financial Statements for the year ended 31 March 2025

	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 2025

Status:	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
	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 2025

The Trustees of Kinetika People present their report together with the financial statements for the year ended 31 March 2025.

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

The core focus of activity in 2024/25 has been our national 2025 Beach of Dreams programme, which is exploring how we can take care of the environment, the coast, the community, and ourselves at a national level. We extend our gratitude to our funders, Arts Council England National Lottery Projects Fund and Historic England, for making this project possible, as well as to our national partners, members, and participants for their invaluable support.

Our T100 Festival saw its tenth anniversary, building on engagement in our local area and co-producing plans with the community. Our thanks go 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.

Our thanks go to Arts Council England who continue to support Kinetika’s work as a National Portfolio Organisation.

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 total income for the year of £721,445 and reserves of £326,838.

Tangible fixed assets for use by the charity.

Fixed assets are set out in Note 7 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

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

AT Kinetika People

Trustees' Report, incorporating the Directors' Report

for the year ended 31 March 2025

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 17 July 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 2025

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

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 2024 to 31 March 2025, 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: 17 July 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 2025

Notes Income from: Charitable activities 3 Other trading activities 4 Investments 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net income/(expenditure) and movement in funds Reconciliation of funds: Total funds brought forward 13 Total funds carried forward 13			2025 2024 Total Funds Total Funds £ £ 708,978 313,801 6,398 34,047 6,069 2,910 721,445 350,758 570,156 296,485 570,156 296,485 151,289 54,273 175,549 121,276 326,838 175,549
	Unrestricted Funds	Restricted Funds
	£ 203,024 6,398 6,069	£ 505,954 - - 505,954 362,144 362,144 143,810 47,573 191,383
	215,491
	208,012
	208,012
	7,479 127,976
	135,455

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 2025

		31 March 2025	31 March 2025	31 March 2024	31 March 2024
	Notes	£	£	£	£
Fixed assets:
Tangible assets	7		629		839
Investments	8		10		10
Total fixed assets			639		849
Current assets:
Debtors	10	16,857		46,047
Cash at bank and In hand	11	323,265		171,119
Total current assets		340,122		217,166
Creditors: amounts falling due within one year	12	13,923		42,466
Net current assets/(liabilities)			326,199		174,700
Total net assets			326,838		175,549
The funds of the charity:
Restricted income funds	17		191,383		47,573
Unrestricted funds	13		135,455		127,976
Total charity funds	13		326,838		175,549

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 17 July 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 2025

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)	2025 £ 151,289 210 (6,069) 29,190 (28,543) 146,077 6,069 6,069 152,146 171,119 323,265 2025 £ 323,265 323,265	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

Page 10

Kinetika People

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

Accounting Policies

for the year ended 31 March 2025

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.

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

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

F Kinetika People

Notes to the Accounts for the year ended 31 March 2025

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	2025 £ 1,000 800 210 -	2024 £ 1,000 800 280
		-

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 Expenditure on charitable activities Labour costs Project costs Insurance Premises costs Office expenses Membership & subscriptions Board meetings & travel Publicity Motor expenses Travelling Consultancy & other fees Bank charges Independent examiner's fees Depreciation	Unrestricted £ 126,129 76,895 203,024 Unrestricted £ 6,398 6,398 Unrestricted £ 6,069 6,069 Unrestricted £ 115,075 41,031 4,414 29,315 3,387 426 575 2,769 1,886 116 6,577 431 1,800 210 208,012	Restricted £ - 505,954 505,954 Restricted £ - - Restricted £ - - Restricted £ - 362,144 - - - - - - - - - - - - 362,144	2025 Total £ 126,129 582,849 708,978 2025 Total £ 6,398 6,398 2025 Total £ 6,069 6,069 2025 Total £ 115,075 403,175 4,414 29,315 3,387 426 575 2,769 1,886 116 6,577 431 1,800 210 570,156	2024 Total £ 126,129 187,672
				313,801
				2024 Total £ 34,047
				34,047
				2024 Total £ 2,910
				2,910
				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

Page 12

F Kinetika People

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

Notes to the Accounts

for the year ended 31 March 2025

7 Tangible fixed assets Tangible 1 Tangible 2 £ £ Cost As at 1 April 2024 - - As at 31 March 2025 - - Depreciation As at 1 April 2024 - - Charge for the year - - As at 31 March 2025 - - Net book value As at 31 March 2025 - - As at 31 March 2024 - - 8 Investments Market value As at 1 April 2024 As at 31 March 2025 Historical value at at 31 March 2025	Fixtures & equipment £ 21,746 21,746 21,574 43 21,617 129 172	Motor vehicles £ 14,700 14,700 14,553 37 14,590 110 147 #N/A £ - - -	Computer equipment £ 32,655 32,655 32,135 130 32,265 390 520 Investment in subsidiary £ 10 10 10	Total £ 69,101
				69,101
				68,262 210
				68,472
				629
				839
				Total £ 10
				10
				10

9 Investments in subsidiary

Under the Charities Act 2011, the charity is not required to prepare consolidated accounts. At 31 March 2025, the aggregate share capital and reserves of Kinetika Design Studios Limited amounted to a surplus of £10 (2024: surplus of £10) and a post tax result for the year of £Nil (2024: £ Nil). The subsidiary has been valued at cost in the accounts of the charity.

Profit and loss account 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	2025 £ 11,997 11,997 (11,987) 10 10 10 65,486 (58,035) 7,451 (7,451)	2024 £ 45,581
		45,581 (45,571)
		10
		10
		10
		152,633 (117,491)
		35,142 (35,142)
	- - -	- -
		-

Page 13

F Kinetika People

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

Notes to the Accounts

for the year ended 31 March 2025

10 11 12 13 14	Debtors: amounts falling due within one year Operating debtors Rent deposits Prepayments Bank and cash in hand Bank current account CAF current Account CAF Gold Account Petty cash Creditors: amounts falling due within one year Operating creditors Amount due to subsidiary VAT liability Accrued expenses Deferred income 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 Designated funds General funds Total unrestricted funds	Opening balance £ 47,573 17,262 110,714 127,976 175,549 Opening balance £ 7,007 - 114,269 114,269 121,276	Resources arising £ 505,955 18,779 196,712 215,491 721,446 Resources arising £ 123,120 17,262 210,376 227,638 350,758	Resources utilised £ (362,145) (4,432) (203,580) (208,012) (570,157) Resources utilised £ (82,554) - (213,931) (213,931) (296,485)	2025 £ 14,717 1,939 201 16,857 2025 £ 5,934 10,932 306,395 4 323,265 2025 £ 10,014 - 2,407 - 1,502 13,923 Other movements £ - - - - - Other movements £ - - - - -	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
						Closing balance £ 191,383 31,609 103,846
						135,455

						326,838
						Closing balance £ 47,573 17,262 110,714
						127,976

						175,549

Page 14

F Kinetika People

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

Notes to the Accounts

for the year ended 31 March 2025

Designated funds: current year Artistic Direction Website Review Beach of Dreams R&D Consultancy & Marketing Garden Maintenance Green Light Festival 2024 Green Light Festival 2025 Wandsworth VE80 Active Essex Ringfenced to support Active Essex Activity Lebanon Mountain Trail Studio Management Beach of Dreams Other Funding Designated funds: prior year Artistic Direction Website Review Beach of Dreams R&D Consultancy & Marketing Garden Maintenance Green Light Festival 2024	Designated funds: current year Artistic Direction Website Review Beach of Dreams R&D Consultancy & Marketing Garden Maintenance Green Light Festival 2024 Green Light Festival 2025 Wandsworth VE80 Active Essex Ringfenced to support Active Essex Activity Lebanon Mountain Trail Studio Management Beach of Dreams Other Funding Designated funds: prior year Artistic Direction Website Review Beach of Dreams R&D Consultancy & Marketing Garden Maintenance Green Light Festival 2024	Closing balance £ 7,040 3,000 2,750 2,730 - - 1,070 4,809 1,500 3,068 537 225 480 4,400
		31,609
		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 2024	Allocated for the ongoing delivery of the START Thurrock Green Light Programme in 2024.
Green Light Festival 2025	Allocated for the ongoing delivery of the START Thurrock Green Light Programme in 2025.
Wandsworth	Designated for development and delivery of Urban Flow – Beach of Dreams Wandsworth.
VE80	Funds allocated for delivery of VE80 project in May 2025.
Active Essex	Continuing activity of the Sport England Place Partnership Funding in 2024/25.
Ringfenced to support Active	Kinetika funds designated to support and enhance Active Essex activity.
Lebanon Mountain Trail	Continuing activity with the Lebanon Mountain Trail silks project.
Studio Management	Funds allocated for Studio Management in April 2025.
Beach of Dreams Other Funding	Funds designated for Beach of Dreams project delivery in May 2025.

17 Restricted funds: current period Arts Council Beach of Dreams Historic England The National Lottery Community Fund Riverside Community Big Local	Opening balance £ - (3,000) 50,324 249 47,573	Incoming resources £ 360,000 52,000 93,954 - 505,955	Resources expended £ 244,534 36,058 81,303 249 362,145	Transfers & gains/(losse Closing balance £ £ - 115,466 - 12,942 - 62,975 - - - 191,383

Page 15

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

F Kinetika People

Notes to the Accounts

for the year ended 31 March 2025

18 Restricted funds: prior 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 - 7,007 123,119	Resources expended £ 3,087 3,000 359 39,407 6,452 108 18,705 7,435 4,000 82,553	Transfers & gains/(losse Closing balance £ £ - - - (3,000) - - - 50,324 - - - 249 - - - - - - - 47,573

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.

Arts Council Beach of Dreams	Funding from Arts Council England to deliver UK-wide coastal arts festival, Beach of Dreams.
Creative Estuary Cultural Programme; Purfleet Creative	Funding secured in collaboration with Steve Lawes to develop silk painting with local schools and community groups.
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 trainingof 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 Estuaryfocussed annual walkingand talkingfestival.
The National Lottery Community Fund, RC London and South	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	Big Local Trust funding to support Kinetika’s community engagement work specifically in the 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: current year General to designated 20 Transfers between funds: prior year General to designated	General funds (14,347) (14,347) General funds (17,262) (17,262)	Designated funds 14,347 14,347 Designated funds 17,262 17,262	Restricted funds - Restricted funds -	Endowment funds - Endowment funds -	Total -
					-
					Total -
					-

Page 16

F Kinetika People

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

Notes to the Accounts

for the year ended 31 March 2025

21 Net assets attributable to funds: current period Fixed assets Current assets Current liabilities Net assets represented by funds 22 Net assets attributable to funds: prior period Fixed assets Current assets Current liabilities Net assets represented by funds	General funds (78,542) 196,310 (13,922) 103,846 General funds 849 152,331 (42,466) 110,714	Designated funds £ 31,609 - - 31,609 Designated funds £ - 17,262 - 17,262	Restricted funds £ 47,573 143,810 - 191,383 Restricted funds £ - 47,573 - 47,573	Endowment funds £ - - - - Endowment funds £ - - - -	Total £ 640 340,120 (13,922)
					326,838
					Total £ 849 217,166 (42,466)
					175,549

23 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.

24 Post balance sheet events

There were no significant post balance sheet events.

25 Other financial commitments

Total operating lease commitments

At 31 March 2025, the charity had total commitments under non-cancellable operating leases as detailed below:

Property leases	2025 2024 £ £ 29,754 44,276 29,754 44,276

26 Contingent liabilities

Except as disclosed elsewhere in the pensions accounting policy note, the charitable company had no material contingent liabilities at 31 March 2025 nor at 31 March 2024.

27 Related parties

There were no disclosable related party transactions during the year.

28 Gifts in kind and volunteers

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

29 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