1 ## **The Kids Network Trustees Annual Report 2024** _"my mentor is funny, kind, loving, safe, there for me, trustworthy, 10/10"_ _Principal operating address: Hoxton Mix Ltd, 86-90 Paul Street, London, EC2A 4NE_ Charity Registration Number: **1167178** 2 ## TABLE OF CONTENTS ## **TRUSTEES ANNUAL REPORT 2024** |**TRUSTEES ANNUAL REPORT 2024**|| |---|---| |INTRODUCTION
CHAIR’S|**3**| |WHO WE ARE AND WHAT WE DO|**4**| |WHY WHAT WE DO IS NEEDED AND HOW|| |WE KNOW IT WORKS|**5**| |THE CHILDREN WE SERVE
OUR BENEFICIARIES|**6**| |OUR VOLUNTEERS|**7**| |OUR STAFFING|**8**| |OUR TRUSTEES|**9**| |OUR STRATEGY AND VISION|**10**| |STRATEGY 2025-2030|**10**| |LOOKING AHEAD TO 2025|**10**| |STRUCTURE AND GOVERNANCE|**12**| |FINANCIAL REVIEW|**15**| |INDEPENDENTEXAMINER’SREVIEW|**17**| Charity Registration Number: **1167178** Trustees, Annual Report CHAIR'S INTRODUCTION l am pleased to present The Kids Network's Trustees Report for 2024. 2024 was my first year as the Chair of The Kids Network and the first year for our new Chief Executive. Louise Johns-shepherd. This report details a vear of progress. resilience, and impact. At the end of 2023 Nve said farewell to our founder Sarah Woodcock. We recognise Sarah's enormous achievements in building and developing TKN. Trustees and staff have taken time to develop Sarah's initial ideas to create a strong strategy that will take the charity into the next phase of its development. We aim to reach more children and continuously improve what we do. We are incredibly grateful to our dedicated team volunteers. funders. and supporters who have helped us achieve our goals this year. We are pleased to share our 2024 report with you, Neil Hunt Chair of Trustees Charity Registration Number.. 1167178 the kids net￿rk Connecting for Change 4 ## **Trustees Annual Report** ## WHO WE ARE AND WHAT WE DO Charity Registration Number: **1167178** 5 ## **Trustees Annual Report** ## WHY WHAT WE DO IS NEEDED AND HOW WE KNOW IT WORKS Charity Registration Number: **1167178** 6 ## **Trustees Annual Report** ## THE CHILDREN WE SERVE OUR BENEFICIARIES. Charity Registration Number: **1167178** 7 ## OUR VOLUNTEERS Charity Registration Number: **1167178** OUR STAFF We were pleased to welcome a new Chief Executive to the charity at the beginning of 2024. Louise Johns-shepherd brings with her considerable relevant experience to the role with ten years of experience as Chief Executive of a national education charity and previous experience as a headteacher. At the beginning of 2024 we made the decision to restructure our staffing to reduce costs. In 2023 we had 18 FTE staff and 10 Freelance mentor trainers, at the close of 2024 we had 14 FTE staff. Following our staffing reduction at the start of 2024 a huge amount of effort has gone into ensuring the charity has systems for growth and ensuring that quality and impact remains paramount. We have improved and developed our volunteer recruitment processJs and our impact collection. We have completed a significant amount of work to take our safeguarding processes into our CRM. making the tracking of safeguarding concerns safer and more efficient. After the redundancies and restructure at the beginning of 2024 and a leadership transition, maintaining staff satisfaction and wellbeing was key to achieving our goals. We know that the people at the charity are its biggest asset to ensure a highly impactful programme. We are proud that in 2024 we saw the highest wellbeing score from our annual staff survey since its inception in 2022 with 85Yo of staff answering they feel secure at the organisation, have a positive working environment, and have valued relationships with their line manager and the rest of their colleagues. We have continued to develop our staff through training. individual and team coaching. We moved offices in 2024 to a new, funded space in Westminster which we share with 27 other children's charities. Communications and Marketing. Developing our expertise and capacity in this area has been a priority for us in 2024. We engaged Ruth Faulkner, Toucan Content to develop an email strategy, overall marketing approach. brand refresh and website refresh. We have recruited a part time Marketing Officer th and they started work with us on 6 January 2025. We've continued to maximise the opportunities provided by pro-bono support, including designers and impact specialists for our latest impact report. and designers and web developers to help refresh our brand and website at no cost. Fundraising We have worked on a contract basis with a fundraising consultant, Caroline Gormley. Initially this iNork was to review our fundraising approach and capacity and to develop a new fundraising strategy. Caroline continues to work with our fundraising team in 2025 to further develop our case for support and to provide coaching to our fundraising team. Internal promotions to support our new strategy Our staff have been able to develop new skills and expertise through high-quality training including leadership, public speaking, safeguarding, income generation, partnerships, volunteer management and more. We have been able to promote staff from within our Charity Registration Number.. 1167178 the kids net￿rk Connecting for Change 9 ## OUR TRUSTEES Charity Registration Number: **1167178** 10 ## **Trustees Annual Report** ## **OUR STRATEGY AND VISION** ## Strategy 2025-2030 ## Looking Ahead to 2025 Charity Registration Number: **1167178** li Impact Measurement and Learning: Implementing robust evaluation frameworks to assess our impact and continuously refine our approach based on data and feedback. Stronger Partnerships: Deepening collaborations with schools, community organisations, and stakeholders to create a more comprehensive support system for the children we serve. On behalf of the Board of Trustees. l extend my deepest gratitude to everyone ivho has contributed to our success in 2024.-ogether, we are making a meaningful difference in the lives of children across London. Neil Hunt Chair of Trustees The Kids Network 2025 ' Danny is the best role model and mentor. l appreciate highly Danny's hard work in bringing positivity and different skills to my son's life. Hope and wish many kids will get Danny's support to flourish in their lives." Charity Registration Number.. 1167178 the kids net￿rk Connecting for Change 12 ## **Trustees Annual Report** ## STRUCTURE AND GOVERNANCE Charity Registration Number: **1167178** 13 and all matters pertaining to income. expenditure and resource at TKN. TKN meets its duty of care. legal requirements. ethical and all other responsibilities towards its representatives. TKN has effective policies, processes and culture in place to ensure transparent and effective financial operations and governance. TKN has suff icient funds and an effective strategy to generate income to fulfil its purpose. Scrutiny of budget and recommendation of budget to full board TKN is delivering and communicating the activity outlined in the Strategic Plan and has the resources and capacity to do so in an effective and eff icient way. TKN has robust processes to recruit, induct. develop and retain staff and Trustees in order that the charity has the necessary skills and experience to function as an effective organisation. TKN is a kind, safe and inclusive organisation for all TKN representatives and beneficiaries and promotes a culture of anti-oppression. equality and diversity. Programme and Safeguarding Committee - to ensure the effective governance of Safeguarding and all matters pertaining to the delivery of a safe. purposeful and impactful programme at TKN. TKN meets its duty of care. legal requirements. ethical and all other responsibilities towards its beneficiaries. TKN has effective policies, processes and culture in place to safeguard children and vulnerable adults who come into contact with the organisation. TKN is investigating, evaluating, delivering and developing an effective programme which ha_% a dp.mc)n%trablp. impac.t nn thp c.hildrp.n and adiJlt_% whc) takp. part in thp prngrammp.. The structure and delivery mechanism of the TKN programme are fit for purpose and has defined quality markers and performance indicators to ensure a safe and effective programme. TKN is a kind, safe and inclusive organisation for all TKN representatives and beneficiaries and promotes a culture of anti-oppression, equality and diversity In addition, a working group of three trustees and three members of staff was constituted for a fixpd pprind tn _%LJr)r)c)rt c)iJr c)rgani£atinnal dpvplarjmp.nt tn ac.hipvp nLJr .qtratpgir. gnal: Every aspect of our programme is authentically child led. This group meets every two months and reports to the Programme and Safeguarding Committee and the Full Board. Rlsk Management Throughout 2024 Trustees conducted regular review of the risks to which the Charity may be exposed to, and updated the Risk Register every 6-8 weeks, using the template recommended by the NCVO. This assessment identifies the risk across key categories of Governance, Growth, Financial, Operational, safeguarding and people. The likelihood and impact of each risk is rated on a Charity Registration Number.. 1167178 the kids net￿rk Connecting for Change 14 five-point scale. Risk scores are calculated with the formula likelihood score multiplied by impact score. Risks are then classified as low (1-8), medium (9-16) and high (17-25), with sets of actions identified to reduce medium and high risks. Risk management is a standing agenda item for all Trustee meetings to ensure they remain alert to potential challenges for the organisation. The People and Safeguarding Committee also review and report on an additional Safeguarding Risk Register and the risks associated with this area feed into the overall organisational risk register. Public Benefit Statement The trustees of The Kids Network confirm that they have had due regard to the Charity Commission's guidance on public benefit when reviewing the charity's aims and objectives and in planning current and future activities. The trustees are satisfied that all activities undertaken during the year are carried out in line with the charity's objectives and continue to deliver public benefit. Charity Registration Number.. 1167178 the kids net￿rk Connecting for Change 15 ## **Trustees Annual Report** ## FINANCIAL REVIEW Charity Registration Number: **1167178** 16 reserves over time. We are estimating that it will take us three years to build reserves back to the level they were at the beginning of 2022. Reserves are held openly and presented in a transparent way. Reserve levels are evaluated at least quarterly by the Funding and Finance Committee and reported on to the Full Board at least bi-annually each year. The 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. Neil Hunt, Chair 3rd June 2025 Charity Registration Number.. 1167178 the kids net￿rk Connecting for Change 17 ## **Independent Examiner's Report to the trustees of The Kids Network** I report to the trustees on my examination of the accounts of The Kids Network for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the charity trustees of The Kids Network you are responsible for the preparation of the accounts in accordance with the I report in respect of my examination of The Kids Network'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. Since The Kids Network's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of The Kids Network as required by section 130 of the Act; or the accounts do not accord with those records; or the accounts do not comply with the accounting 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 a s 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. ...................................... Dave Tucker FCCA Independent Examiner The Association of Chartered Certified Accountants Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG ## 17/06/2025 Date:............................. Charity Registration Number: **1167178** 18 Statement of Financial Activities Forthe Year Ended 31 December 2024 Unrestricted Restritted Total fund5 Unre5trirted Re5trirted Total fiJnd5 Note funds funds 2024 funds fvnds 2023 Income from.. Donations and grants Charitable Activities Investment income 84.535 481,326 165 84.535 693,919 165 57,829 427,265 5.479 57,829 715,932 5,479 212,593 288,667 Total income 566,026 212.593 778,619 490.573 288.667 779,240 Expendlture on- Raising funds Charitable activities 106,201 439,722 106.201 660,796 90,828 516,855 90,828 780,408 221,074 263,553 Total expenditure 545.923 221.074 766,997 607.683 263.553 871,236 Net income/expenditure 20,103 18,4811 11,622 1117,110 25,114 191,9961 Net movement In funds 20.103 18.4811 11.622 1117.1101 25,114 191.9961 Reconciliation of funds Total funds brought forward at l January 49.492 90.566 140.058 166.602 65,452 232,054 Total funds carried forward at 31 December 69,595 82,085 151,680 49,492 90,566 140,058 The results shown above have been derived wholly from continuing artivities. There were no recognised gains or losses other than those stated above. Charity Registration Number.. 1167178 the kids net￿rk Connecting for Change 19 Balance Sheet As at 31 December 2024 2024 2023 Note Fixed assets Tangible assets 92 902 Current assets Debtors 5,042 174.935 9,344 149.592 Cash2tBank Total current assets 179.977 158.936 Creditors- amounts fal li ng due within one year io 128.3891 119,7801 Net current assets 151,588 139.156 Net assets 151,680 140,058 Funds Restricted funds 12 82,085 69.595 90,566 49,492 Unrestricted funds 12 Total funds 151,680 140,058 Approved by the board of trustees on 3rd lune 2025 and signed on their behalf by Neil Hunt, Chair The attached notes form pa rt of these accounts Charity Registration Number.. 1167178 the kids net￿rk Connecting for Change 20 The lfjds Network Statement of Cash Flows January- December 2024 2024 2023 OPERATING ACTIVITIES Net Income 11,622 191,9961 Adjustments to reconcile Net Income to Net Cash provided by operations.. Debtors 4,500 Accrued Income Prepayments Other Debtors Creditors Accrued Expenses Deferred Income 1,802 12,0001 13.3901 901 15321 13.6171 400 10,500 598 HMRC PAYE 2,896 Net Wages Pension Control Account VAT Control Total Adjustments to reconcile Net Income to Net Cash provided by operations= Net cash provided by operating activities INVESTING AcfiviTIES 12,911 24,533 18531 192,8491 Accum Depr- Computer & Equipment Net cash provided by investing attivities Net cash increase for period Cash at beginning of period Cash at end of period 810 810 25343 149,592 174,935 810 810 192.0391 241,631 149,592 Charity Registration Number.. 1167178 the kids net￿rk Connecting for Change 21 ## **The Kids Network Notes to the Accounts For the Year Ended 31 December 2024** ## **1 Accounting Policies Statutory Information** The Kids Network CIO is a charity registered in England and Wales. The registered office is Hoxton Mix, 86-90 Pauls street, London EC2A 4NE ## **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). 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. Charity Registration Number: **1167178** 22 ## **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. ## **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 incorporated organisation (CIO) operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the CIO in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the CIO to the fund. The CIO has no liability under the scheme other than for the payment of those contributions. Charity Registration Number: **1167178** 23 ## **The Kids Network Notes to the Accounts For the Year Ended 31 December 2024** |**2 **|**Income from donations**||||||| |---|---|---|---|---|---|---|---| |||**Unrestricted**|**Restricted**|**2024**|**Unrestricted**|**Restricted**|**2023**| |||**£**|**£**|**£**|**£**|**£**|**£**| ||Donations|84,535|-|84,535|57,829|-|57,829| |||84,535|-|84,535|57,829|-|57,829| |**3 **|**Income from charitable activities**
**Unrestricted**
**£**
01 General Core
481,326
01 General Core:Criserion
-
01 General Core:Children in Need
-
01 General Core:Leathersellers
-
01 General Core:Henry Smith
-
120 Camden
-
130 Hackney:National Lottery
-
140 Southwark
-
140 Southwark:Awards for All
-
140 Southwark:L&Q
-
140 Southwark:140 Tesco Community Grant
-
140 Southwark:J Van Mars Foundation
-
150 Hammersmith & Fulham:Adison Youth
-
150 Hammersmith & Fulham:John Lyons Charity -
160 Brent:John Lyons Charity
-
160 Brent:NCIL
-
160 Brent:L&Q
-
190 Lambeth:Walcott Foundation
-
190 Lambeth:John Coats
-
190 Lambeth:Mrs Smith & Mount
-
190 Lambeth:Virgin Unite
-
190 Lambeth:David Riddle
-
190 Lambeth:L&Q
-
210 Westminster
-
210 Westminster:Almhouses
-
210 Westminster:DBS Only
-
220 Tower Hamlets:Sobell Foundation
-
01 General Core:Quintessentially Video/Productio -
110 Quintessentially Marketing/ Comms
-
140 Southwark:Jane Hodge Foundation
-
140 Southwark:National Lottery
-
160 Brent:Stuart Roden
-
200 Islington
-
210 Westminster:Westminster Foundation
-
220 Tower Hamlets:Stuart Roden
-||**Restricted**
**£**
-
-
-
-
-
-
57,673
-
-
-
-
-
-
15,000
15,000
-
-
20,000
-
-
-
-
-
-
-
-
15,000
14,000
23,000
7,500
20,000
8,960
-
7,500
8,960|**2024**
**£**
481,326
-
-
-
-
-
57,673
-
-
-
-
-
-
15,000
15,000
-
-
20,000
-
-
-
-
-
-
-
-
15,000
14,000
23,000
7,500
20,000
8,960
-
7,500
8,960|**Unrestricted**
**£**
362,432
-
14,833
25,000
25,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Restricted**
**£**
-
10,000
-
-
-
5,000
99,737
750
-
8,333
1,000
25,000
-
21,000
15,000
24,380
2,083
20,000
5,000
3,000
5,000
10,000
2,084
10,000
5,000
1,300
15,000|**2023**
**£**
362,432
10,000
14,833
25,000
25,000
5,000
99,737
750
-
8,333
1,000
25,000
-
21,000
15,000
24,380
2,083
20,000
5,000
3,000
5,000
10,000
2,084
10,000
5,000
1,300
15,000
-| |||481,326|212,593|693,919|427,265|288,667|715,932| |**4 **|**Income from investments**
Bank interest|**Unrestricted**
**£**
165|**Restricted**
**£**
-|**2024**
**£**
165|**Unrestricted**
**£**
5,479|**Restricted**
**£**
-|**2023**
**£**
5,479| |||165|-|165|5,479|-|5,479| Charity Registration Number: **1167178** 24 ## **The Kids Network Notes to the Accounts For the Year Ended 31 December 2024** Charity Registration Number: **1167178** 25 ## **The Kids Network Notes to the Accounts For the Year Ended 31 December 2024** Charity Registration Number: **1167178** 26 ## **The Kids Network Notes to the Accounts For the Year Ended 31 December 2024** Charity Registration Number: **1167178** 27 ## **The Kids Network Notes to the Accounts For the Year Ended 31 December 2024** Charity Registration Number: **1167178** l fi.. t**¢ stration r.. X16W e kids fiet￿rk, Conn•ctlng for ango