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2020-12-31-accounts

TRUSTEES ANNUAL REPORT For the period from 1 January 2020 to 31 December 2020 Charity Registration Number: 1167178

Charity Registration Number: 1167178

TABLE OF CONTENTS

Executive Summary 1
Structure,Governance And Management 3
Values 4
About Us 5
2020 Highlights 6
Connecting Through Covid-19 7
Impact 10
Stories 11
Strategy 2021 16
Finance 18
Risk Management 19
Related Parties 20
Independent Examiner’s Report 21
Statement Of Financial Activities 22
Balance Sheet 23
Notes To The Financial Statements 24

www.thekidsnetwork.org.uk

Charity Registration Number: 1167178

EXECUTIVE SUMMARY

The Kids Network has had a remarkable 2020 despite operating in the face of huge - challenges and uncertainty stemming from the COVID 19 pandemic. The impact from our work is clear - having a role model outside the family home has a transformative impact on a child’s wellbeing, con�dence, and experiences. Under the strict social restrictions and stay home orders, our work was needed more than ever and especially for children who faced extremely di�cult circumstances.

Our mentorship model has proven successful and in 2020 we worked to re�ne this. Responding to the pandemic, we launched an innovative partnership with Brightside to quickly pivot to digital mentoring so that our work could continue in a safe way.

We also launched a bespoke lockdown four month digital project in response to the pandemic, and expanded our �agship programme to Hammersmith and Fulham. In - - total delivered 4049 hours of quality one to one mentorship for vulnerable little Londoners.

Funders also recognised the need for and impact of our work. In 2020, we raised over £100k more than our targeted income to expand our reach and delivery. We also took responsible cost control measures, ensuring the �nancial resilience of The Kids Network and that we continued to deliver strong value for money for our impact outcomes.

London continues to be a place of opportunities for many and huge challenges for some. While the UK is the seventh richest country by GDP, it ranks highly on inequality and this has huge consequences for children from disadvantaged backgrounds. The Black, Asian, and Minority Ethnic communities have faced - disproportionate risk and harm from COVID 19, and in the light of the #BLM movement we know we must do more. We are committed to continuous improvement, being better, and showing up for children from BAME communities who make up the majority of our mentees. This won’t always be straightforward, - comfortable, or measurable, but we must lead as an anti racism organisation to drive real impact in our work.

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Charity Registration Number: 1167178

EXECUTIVE SUMMARY

Looking ahead, we are excited about harnessing our most valuable resource - our growing community. With stronger engagement we aim to amplify the unheard voices of little Londoners and young professionals. More data and expertise will strengthen our programme delivery, raise the pro�le of the important work we do, and diversify our funding streams. In closing the chapter of 2020, there is plenty to celebrate and lots of learnings under our belt. We have been #NeverMoreNeeded and are ready to help children live the lives they deserve.

Nigel Phan Chair of Trustees

2

Charity Registration Number: 1167178

STRUCTURE , GOVERNANCE AND MANAGEMENT

The Kids Network CIO, registered charity number 1167178.

Principal operating address: St Margaret’s House, 15b Old Ford Road, E2 9PL (until March 2020).

The Kids Network has been governed by a small group of Trustees to support the growth of our organisation. As a CIO, the organisation is governed by our constitution. The process of electing new trustee members is through a vote as outlined in our constitution.

Trustees who governed and were appointed in 2020 are as follows:

Nigel Phan, Chair

New trustees appointed for 2021:

Over this period we said goodbye to Subul Ahsan who made an incredible

contribution to the growth of the organisation through her legal expertise but also in her fundraising e�orts and endless passion for our work.

We welcomed Andin and Simon, who joined our board to strengthen our legal and marketing capacities.

In accordance with our legal duty, the Trustees have continuing regard to the importance of the Charity Commission guidance on public bene�t when reviewing our purposes and objectives and on planning for the future.

3

Charity Registration Number: 1167178

VALUES

Fun

We want to be a force for positive change and create a lasting impact with our communities. We believe the - best way to do this is through a light hearted, playful & positive way.

Diversity

We are inclusive. We celebrate multiple points of view and walks of life. We believe diversity drives creativity and the most interesting connections and outcomes. We’re building a culture where di�erence is valued.

Connection

Collectively with our network of volunteers, supporters and stakeholders, The Kids Network has a voice far greater than our size – we are small but mighty.

Curiosity

We’re not like other charities. We are not afraid to challenge existing ways of doing things, think in unconventional ways and experiment - all for good reason. Making mistakes is part of growing up and building resilience.

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Charity Registration Number: 1167178

ABOUT US

The Kids Network is a community of children and young professionals connecting through fun, friendship and hardship for positive social change.

We exist because of a huge need; the twinned problems of accelerated gentri�cation next to stark inequality of wealth and opportunity.

This has challenged the cohesiveness of our communities, particularly in London. We are a society of hyper connected yet isolated human beings living side by side, exaggerated more by the presence of Covid-19. London’s neighbourhoods are transforming drastically, and our communities are changing too.

50% mental health issues can be diagnosed before the age of 14. Way too early there is exam pressure, social media addiction, bullying, and gang grooming and on top of this, di�cult

transition exacerbated by unpredictable lockdown measures. Children are stressed, depressed, anxious and lonely and it a�ects the disadvantaged disproportionally.

The Kids Network supports children at a crucial time in their lives, in the lead up to and often during the transition from primary into secondary school. We do this by providing them with a volunteer mentor, a young professional from the local community.

Our model focuses on the individual needs of the child, building con�dence and resilience and developing the tools to manage feelings for a positive future. This year we have been able to o�er a blended model of digital connection, as well as face to face sessions to support our mentees through the most gruelling periods of the pandemic.

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Charity Registration Number: 1167178

2020 HIGHLIGHTS

more than our budgeted income to meet the emerging and changing needs of our children

6

Charity Registration Number: 1167178

CONNECTING - THROUGH COVID 19

One of our greatest successes this year has been to continue supporting our most vulnerable little Londoners - through the COVID 19 pandemic.

For the children we work with, lockdown meant being stuck in homes with overcrowding and no outside space and many became so much more vulnerable due to their situations at home. We knew that even though mentors could not meet with their mentees, we had to �nd a way to continue to provide support.

92%

Within two weeks of the �rst lockdown, we transformed our services to digital mentoring and partnered with Brightside Mentoring App.

This meant that all children on our programme continued to connect with their mentor each week in a way most appropriate for them. We also distributed over 20 tablets to our most at-risk children who did not have access to technology.

From our close contact with some of London’s most vulnerable children, we know they are experiencing worry surrounding the health and �nancial - impacts of COVID 19, their families, their friendships, going back to school and falling behind in their learning. Before having mentors they felt lonely, bored and scared.

of children told us they were happier at home with their family through lockdown because of their digital mentor

They enjoyed new challenges, getting creative and taking part in like story writing, learning chess, designing quizzes and using The Kids Network resources to build con�dence and the ability to manage their emotions throughout these challenging times.

7

Charity Registration Number: 1167178

For many children and their families, the pandemic pushed them deeper into turmoil. Due to our unique position, The Kids Network was able to signpost to community support for holistic needs and identify and act on critical safeguarding cases which arose.

The Kids Networks’ rapid response is a testament to our strength and resilience as a charity, and the innovation and hard work of our team.

Most importantly, it positioned us to continue providing critical support, when children have never needed it more.

With schools closed, we were a lifeline for many London families who were struggling.

334

hours of one-to-one support was provided for children through lockdown

1 541 , messages of support were on Brightside

8

able to know ’re ok is so Being they reassuring

My experience of lockdown would have been really di�erent if it wasn’t for (TKN) services. If I hadn’t been able to refer these children to you, I would have spent the whole of lockdown worrying about all of them. Being able to know they’re ok is so reassuring.

Assistant Headteacher at Henry Fawcett Primary School

Charity Registration Number: 1167178

IMPACT

Our impact is clear and compelling - children involved with The Kids Network are 96% more con�dent after completing our programme.

We know we make a di�erence and demonstrating our impact has been a key priority of measuring our success in 2020.

Thanks to our project with The Funding Network, we have been able to embark on a journey to review, - revise and rejoice in our evidence based approach. Partnering with Eido, a charity impact consultancy we have:

Working with Eido, we are due to launch our 2020 impact report and - �rst ever long term impact report which outlines the incredible di�erence we make to children and communities.

This will showcase the importance of early intervention and the value for money that The Kids Network’s model represents in working with ‘at risk’ children at this critical age.

To see our full 2020 impact report and our long term impact report visit our website.

Developed our Impact Strategy (Theory of Change) with a wide range of stakeholders

Revised our tools for capture

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Charity Registration Number: 1167178

STORIES

Susie’s story

Susie was just 9 years old when we matched her with her mentor Kate. She lived with her mother, who has a history of drug abuse leading to severe mental illness. Susie told us: “Before, I ” never really had anything to do .

Exposed and isolated at such a young age, Susie’s school attendance had reached a critical point. When she did attend, she would get in �ghts and lie to teachers.

She had no con�dence, was falling far behind in learning and becoming more and more disengaged with her life. Susie’s mum had historically rejected additional family support, lacking trust in many services.

Susie’s school sought our help and we were able to build a relationship with Susie and her mother.

I had a lovely time

Hey Kate, I just wanted to say goodbye and good night. I will really miss you and thank you for everything you have done. You are the best mentor ever and I will never forget you, please don’t forget me.

Susie x

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Charity Registration Number: 1167178

For over 11 months, Susie and Kate have been meeting for at least two hours a week. They have been on all kinds of adventures, but their favourite thing to do together is go to the park to play, dance, sing and talk. They have even written a book together!

Having Kate as her mentor meant Susie wasn’t alone and that The Kids Network were able to closely monitor her wellbeing. Now, we are working to make sure she feels so much more prepared to deal with something similar in the future.

Most importantly, Kate has helped Susie through some really hard and scary times, like when Susie’s mum relapsed in lockdown.

The pair were on #MakeADi�erence segment on BBC London radio last month, inspiring more Londoners to become mentors!

12

Having someone to talk to

Kate has help me to relax. It has been so fun and means right now, I’m not at home. Having a mentor means you get to go on a lot of adventures, it gets you out the house, you’ll de�nitely have fun and someone to talk to.

Susie x

Charity Registration Number: 1167178

Other stories

Sarah was a selective mute.

She lives in cramped accommodation and was allocated a social worker after concerns surrounding the things she was exposed to at home. In primary school she would refuse to speak and would often start screaming. When The Kids Network �rst met her, she was scared to meet her mentor and her school were worried she would not want to engage in the programme.

Understanding this, we made sure Sarah met her mentor, Diana, at school and felt safe. The matching went so well that when they met for their �rst session alone, Sarah was waiting at the school doors excited. She spoke to her mentor at length! The Kids Network has since acted as a key link through Sarah’s transition to secondary school, where she is now thriving. Meeting her mentor every week, she has grown in con�dence and has truly found her voice!

Tara’s mum has had cancer for a long time now.

When we �rst met her, her mum’s condition was critical. As one of four children, Tara’s dad was struggling to dedicate time to her. We matched her with her mentor, Gemma, just before lockdown. For three months they got to know each other over the phone, playing games, doing quizzes and just talking. In July Tara met Gemma in person for the �rst time since their matching. Gemma said; “we went for a walk on the Southbank, Tara was amazed we were in ” central London .

Since then, they have been on a scavenger hunt together, played in the arcade and painted pictures for Tara to give to her mum. After their most recent session together Gemma got a text message from Tara’s mum which said: “Thanks for putting a smile on my ’ ” angel s face .

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Charity Registration Number: 1167178

Justin had witnessed domestic violence at home towards mum and didn’t have a male role in his life.

At school he was disengaged with his learning and had di�culty forming relationships with his teachers or peers. We took the time to get to know Justin and �nd the perfect mentor for him. We connected Justin to his mentor, Aronya, on Zoom during lockdown. They hit it o� instantly and starting writing songs together and performing these over the phone.

After lockdown they started meeting in person. They have been playing football in the park, writing more songs and exploring London together. After only three months, Justin has told us he is already so much more con�dent. His teachers have seen a dramatic change in his behaviour and he is making new friends.

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Charity Registration Number: 1167178

STRATEGY 2021

Moving forward into 2021, we have a renewed energy and deeper passion for our purpose: to help children live the lives they deserve. Here is how we will do that.

Child led mentoring

We want children to have an experience that is shaped by them, for them. Our programme meets them as an individual, exactly where they are at in their healing. We recognise their identity, goals and experiences which are important to them. To provide holistic support we will leverage community assets and strategic grassroots partnerships to ensure the longevity and depth of support for children is maintained.

To enable this, we will ensure volunteer mentors have a positive experience with The Kids Network and are able to deliver high quality mentoring through support and resources. They will be able to articulate tangible skills and bene�ts which encourage them to recommend, support or give to The Kids Network.

Amplifying unheard voices

To do this, we will draw learning from our mentees and understand what barriers exist to them being able to live the lives that they deserve. The Kids Network will platform these challenges to make these issues known, and to ensure children’s voices are heard.

In being advocates for children, we will run a small scale, co-created initiative to explore the innovative ways in which we can advocate for children growing up in di�cult circumstances, with their voices at the heart.

We will take an intersectional - approach to anti racism in 2021, with - view to work towards culture of anti oppression across the organisation. We will celebrate di�erence and inclusivity as part of how we operate.

Finally, volunteer mentors feel invested and passionate about our work and go on to amplify their experiences and those of their mentees to build our reach, beyond their involvement with our core programme.

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Charity Registration Number: 1167178

STRATEGY 2021

Sustainable organisation

We will build con�dence in our model, by strengthening evidence that our approach - has signi�cant and long lasting positive impact to help children live lives that they deserve and developing diverse income streams which have long term sustainability.

2021 will see an evolved foundation of systems and processes which enhances our capacity and e�ciency to deliver our work for children. We will also see people as a priority with great governance and a strong culture of belonging, high performance and commitment to deliver change for children.

Our purpose

We support children to live the lives that they deserve

The di�erence we’ll make

The way we’ll work

  1. Improving access & inclusion to opportunities

  2. Developing critical social emotional capabilities

  3. Increasing positive wellbeing

  4. Led by our values 2. Be �nancially sustainable through diverse sources 3. Continuously re�ect and improve

- 3 year goals

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Charity Registration Number: 1167178

FINANCE

Reserves policy

TKN’s policy is to maintain a minimum balance of three and not more than six months of budgeted costs. For the purpose of this policy “budgeted costs” shall be de�ned as budgeted obligations that are not identi�ed as funded by current restricted funds or projected committed income.

At this level, the Trustees believe The Kids Network would be able to continue the current activities of the charity in the event of a signi�cant drop in funding and provide time to �nd replacement funding and plan for any necessary changes to the operational plan.

Reserves are held openly and presented in a transparent way. Reserve levels will be evaluated at least quarterly by the Funding and Finance Committee and reported on to - the Trustees at least bi annually each year.

The Funding and Finance Committee is obligated to raise any issues in relation to excessive or depleted reserves directly with the Trustees.

The policy will be reviewed at least once each year when budgets and activity for the year is planned.

As of the 31st of December 2020, the free reserves amount to £21,035.

The Board and CEO are taking steps to monitor the reserves level at the intervals set out in the policy.

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Charity Registration Number: 1167178

RISK MANAGEMENT

The Trustees acknowledge that our charitable organisations activities carry signi�cant risks and is committed to acting responsibly to mitigate these which have been identi�ed.

Some of our main risks involve loss of key sta�, safeguarding responsibilities, �nance and fundraising. These are identi�ed through strategic discussions, an understanding of the external environment and crucial communication with the sta� team.

Trustees discuss and monitor these key risks at every board meeting to put in place the appropriate controls.

Safeguarding

The welfare of a child is of paramount importance and will be at the heart of all decisions when planning, organising, advising on and delivering The Kids Network’s mission. We are committed to promoting the welfare of all children and young people to keep them safe from abuse, harm, neglect and exploitation. We believe no child or young person should be subject, or vulnerable to, abuse of any kind.

Safeguarding is at the centre of decision making and is upheld at every level of the organisation. On our board of trustees, we have a safeguarding trustee, an appointed Designated Safeguarding O�cer, and a Deputy, an out of hours partnership with the NSPCC and robust policies, procedures, training, reporting and monitoring systems.

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Charity Registration Number: 1167178

RELATED PARTIES

A member of the board of trustees is the current Director of the charitable trust - Camden Giving. Camden Giving has committed to �nancially supporting a two year project for The Kids Network in the borough of Camden which comes to an end in December 2020.

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Charity Registration Number: 1167178

INDEPENDENT EXAMINER’S REPORT

I report to the trustees on my examination of the accounts of The Kids Network CIO for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

  1. accounting records were not kept in respect of the CIO as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

I have no concerns and 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.

Independent examiner’s statement

I have completed my examination. I con�rm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 Maygrove Road, West Hampstead London NW6 2EG

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The Kids Network CIO

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 December 2020

Note
Income from:
2
3
4
5
5
6
Reconciliation of funds:
Donations
Charitable activities
Investments
Total expenditure
Total income
Expenditure on:
Raising funds
Charitable activities
Total funds brought forward
Total funds carried forward
Net movement in funds
Net income/ (expenditure)
for the year		 Unrestricted
£
62,857
25,831
878		 Restricted
£
-
239,595
-		 2020
Total
£
62,857
265,426
878
329,161
20,691
243,511
264,202
64,959
64,959
147,526
212,485		 Unrestricted
£
44,550
4,998
345		 Restricted
£
-
156,098
-		 2019
Total
£
44,550
161,096
345
89,566 239,595 49,893 156,098 205,991
20,691
46,304		 -
197,207		 25,866
79,438		 -
81,880		 25,866
161,318
66,995 197,207 105,304 81,880 187,184
22,571 42,388 (55,411) 74,218 18,807
22,571
56,142		 42,388
91,384		 (55,411)
111,553		 74,218
17,166		 18,807
128,719
78,713 133,772 56,142 91,384 147,526

All of the above results are derived from continuing activities. There were no recognised gains or losses other than those stated above.

The attached notes form part of these financial statements.

22

The Kids Network CIO

Balance sheet

As at 31 December 2020

Note
Fixed assets:
10
Current assets:
11
Liabilities:
12
14
Total unrestricted funds
Cash at bank and in hand
Tangible assets
Debtors
Restricted income funds
Unrestricted income funds:
Designated funds
General funds
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
Total net assets
and signed on their behalf by:
Total charity funds
Approved by the trustees on
2021		 £
2,470
209,845		 2020
£
2,648
209,837		 £
407
149,452		 2019
£
2,248
145,278
212,315
(2,478)		 149,859
(4,581)
57,678
21,035		 18,048
38,094
212,485 147,526
133,772
78,713		 91,384
56,142
212,485 147,526

Nigel Phan, Chair

23

The Kids Network CIO

Notes to the financial statements

For the year ended 31 December 2020

1 Accounting policies

Statutory information

The Kids Network CIO is a charity registered in England and Wales. The registered office is St Margaret’s House, 21 Old Ford Road, E2 9PL.

Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Charity's financial statements for the year ended 31st December 2018 were prepared using the cash basis of accounting. The comparative figures shown in these financial statements have been restated to conform with the current year's presentation.

The charity is exempted from preparing cash flow statement due to exemption available to charities with income less than £500,000.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern for the foreseeable future.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other income received or generated for the charitable purposes.

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

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. It is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs

The charity is not VAT registered, and as such cannot recover VAT incurred on purchases.

Allocation of support costs

Support costs are allocated to the charitable activities of the organisation.

Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

� Computers and IT equipment

straight line over 3 years

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

24

The Kids Network CIO

For the year ended 31 December 2020

Notes to the financial statements

1 Accounting policies (continued)

Cash at bank and in hand

Cash at bank and cash in hand represents cash held in the charity's bank accounts.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pensions

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the charitable company to the fund. The charitable company has no liability under the scheme other than for the payment of those contributions.

2 Income from donations

Income from donations Income from donations
Unrestricted
£
62,857
62,857
Unrestricted
£
-
Hackney Project
17,345
-
-
-
-
Brent Project
-
West London Project
3,589
Impact Project
-
The Digital Project
4,897
25,831
Camden Project
Income from charitable activities
Total
Donations and grants
Total income from charitable
Founder Salary
Project Manager salary
South London Project
Cold Play		 Restricted
£
-		 2020
Total
£
62,857		 Unrestricted
£
44,550		 Restricted
£
-		 2019
Total
£
44,550
62,857 - 62,857 44,550 - 44,550
Restricted
£
52,488
-
52,206
60,000
14,750
-
17,816
19,899
15,922
6,514		 2020
Total
£
52,488
17,345
52,206
60,000
14,750
-
17,816
23,488
15,922
11,411		 Unrestricted
£
4,998
-
-
-
-
-
-
-
-
-		 Restricted
£
44,986
-
33,387
4,725
10,000
63,000
-
-
-
-		 2019
Total
£
49,984
-
33,387
4,725
10,000
63,000
-
-
-
-
25,831 239,595 265,426 4,998 156,098 161,096

3 Income from charitable activities

4 Income from investments

Unrestricted
£
878
878
Bank interest		 Unrestricted
£
878
878
Bank interest		 Restricted
£
-		 2020
Total
£
878		 Unrestricted
£
345		 Restricted
£
-		 2019
Total
£
345
878 - 878 345 - 345

25

The Kids Network CIO

Notes to the financial statements

For the year ended 31 December 2020

5a Analysis of expenditure (current year)

£
Cost of
raising
funds		 £
Cost of
raising
funds		 Charitable activities Charitable activities £
Support
costs		 £
2020
Total		 £
2019
Total
Unrestricted
£		 Restricted
£
Staff costs (note 7)
19,618		 38,597 159,697 - 217,912 148,011
Other staff related costs
-
Project costs
-
Fundraising costs
1,073
Premises costs
-
Office costs
-
IT costs
-
Independent examination fee
-
Accountancy and payroll costs
-
Depreciation
-
20,691
Support costs allocation
-
Total expenditure 2020
20,691		 1,981
249
-
-
-
-
-
-
-		 567
23,842
-
-
-
-
-
-
-		 -
-
-
4,585
3,404
2,251
960
5,492
1,886
18,578
(18,578)
-		 2,548
24,091
1,073
4,585
3,404
2,251
960
5,492
1,886
264,202
-
264,202		 3,095
21,507
-
7,937
630
909
960
3,011
1,124
187,184
-
187,184
20,691
-		 40,827
5,477		 184,106
13,101
20,691 46,304 197,207

5b Analysis of expenditure (prior year)

.
£
Staff costs (note7)
25,866
Other staff related costs
-
Project costs
-
Premises costs
-
Office costs
-
IT costs
-
Independent examination fee
-
Accountancy and payroll costs
-
Depreciation
-
25,866
Support costs allocation
-
Total expenditure 2019
25,866
Cost of
raising
funds		 .
£
Staff costs (note7)
25,866
Other staff related costs
-
Project costs
-
Premises costs
-
Office costs
-
IT costs
-
Independent examination fee
-
Accountancy and payroll costs
-
Depreciation
-
25,866
Support costs allocation
-
Total expenditure 2019
25,866
Cost of
raising
funds		 Charitable activities Charitable activities £
-
-
-
7,937
630
909
960
3,011
1,124
14,571
(14,571)
-
Support
costs		 2019
Total
£
148,011
3,095
21,507
7,937
630
909
960
3,011
1,124
Unrestricted
£
55,718
3,095
6,054
-
-
-
-
-
-		 Restricted
£
66,427
-
15,453
-
-
-
-
-
-
25,866
-		 64,867
14,571		 81,880
-		 187,184
-
25,866 79,438 81,880 187,184

26

The Kids Network CIO

Notes to the financial statements

For the year ended 31 December 2020

6. Net income for the year

This is stated after charging / crediting:

7.

Independent examiner's fee (incl VAT):
Depreciation
Analysis of staff costs, trustee remuneration and expenses,
and the cost of key management personnel
Staff costs were as follows:
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes		 2020
£
1,886
960		 2019
£
1,124
960
2020
£
199,939
14,529
3,444		 2019
£
135,083
10,484
2,444
217,912 148,011

None of the employees received employee benefits (excluding employer National Insurance and employer pension) over £60,000, during the year (2019: none).

The total employee benefits including pension contributions and employer NIC of the key management personnel were £47,666 (2019: £44,494).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2019: £nil). No charity trustee received payment for professional or other services supplied to the charity (2019: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2018: £nil).

Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

Raising funds
Charitable activities
Support		 2020
No.
1.0
4.9
1.5		 2019
No.
1.0
2.5
1.0
-
7.4 4.5

8. Related party transactions

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

9. Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

27

The Kids Network CIO

Notes to the financial statements

For the year ended 31 December 2020

10. Tangible fixed assets

10. Tangible fixed assets
Computers
Freehold and IT
property Fixtures and fittings Equipment Total
£ £ £ £
Cost
At the start of the year - - 3,372 3,372
Additions in year - - 2,286 2,286
At the end of the year 5,658 5,658
Depreciation
At the start of the year 1,124 1,124
Charge for the year 1,886 1,886
At the end of the year 3,010 3,010
Net book value
At the end of the year 2,648 2,648
At the start of the year 2,248 2,248
All of the above assets are used for charitable purposes.
11. Debtors
2020 2019
£ £
Prepayments 2,470 407
2,470 407
12. Creditors: amounts falling due within one year
2020 2019
£ £
Trade creditors - 497
Taxation and social security - 3,124
Accruals 2,478 960
2,478 4,581
13. Analysis of net assets between funds (current year)
Total
General unrestricted Designated Restricted funds
£ £ £ £
Tangible fixed assets 2,648 - - 2,648
Net current assets 18,387 57,678 133,772 209,837
Net assets at the end of the year 21,035 57,678 133,772 212,485

28

The Kids Network CIO

Notes to the financial statements

For the year ended 31 December 2020

14a.
Camden Project
Founder Salary
South London Project
Project Manager salary
Brent Project
West London Project
Impact Project
The Digital Project
Total restricted funds
Designated funds:
Hackney Project
Development fund
Total designated funds
General funds
14b.
Camden Project
Founder Salary
South London Project
Project Manager salary
Cold Play
Total restricted funds
Designated funds:
Hackney Project
General funds
Restricted funds:
Total unrestricted funds
Unrestricted funds:
Net current assets
Unrestricted funds:
Movements in funds (current year)
Restricted funds:
Total funds
Total funds
Movements in funds (prior year)
Total unrestricted funds
Net assets at the end of prior year
Analysis of net assets between funds
Tangible fixed assets		 At
1 January 2020
£
13,819
14,565
63,000
-
-
-
-
-
(prior year)		 General unrestricted
£
1,124
36,970		 Designated
£
-
18,048		 Restricted
£
-
91,384		 Total
funds
£
1,124
146,402
147,526
At 31 December
2020
£
26,143
17,523
62,204
-
17,816
5,087
4,999
-
133,772
7,678
50,000
57,678
21,035
78,713
212,485
£
13,819
14,565
63,000
-
-
91,384
18,048
38,094
56,142
147,526
At 31 December
2019
38,094 18,048 91,384
Income & gains
£
52,488
52,206
60,000
14,750
17,816
19,899
15,922
6,514		 Expenditure & losses
£
(40,164)
(49,248)
(60,796)
(14,750)
-
(14,812)
(10,923)
(6,514)		 Transfers
£
-
-
-
-
-
-
-
-
91,384 239,595 (197,207) -
18,048
-		 17,345
-		 (27,715)
-		 -
50,000
18,048 17,345 (27,715) 50,000
38,094 72,221 (39,280) (50,000)
56,142 89,566 (66,995) -
147,526 329,161 (264,202) -
£
12,496
4,670
At
1 January 2019		 Income & gains
£
44,986
33,387
4,725
10,000
63,000		 Expenditure & losses
£
(43,663)
(23,492)
(4,725)
(10,000)
-		 Transfers
£
-
-
63,000
-
(63,000)
17,166 156,098 (81,880) -
63,868
47,685		 -
49,893		 (45,820)
(59,484)		 -
-
111,553 49,893 (105,304) -
128,719 205,991 (187,184) -

29