TOP KIDS
YEAR ENDED 31 DECEMBER 2022
TOP KIDS Report and Accounts
Year ended 31 December 2022
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TOP KIDS
YEAR ENDED 31 DECEMBER 2022
Trustees
A Shearn (resigned 18[th] Aug. 2023) G Baker N Duggan S Wesley (appointed 2[nd] Feb 2022) Charity Secretary G Baker Governing Document Constitution - 7th October 2017 Charity Registration Number 1175282 Registered Office 8 Leys Road Torquay TQ2 6ED Bankers Co-operative Bank
CONTENTS
| CONTENTS | |
|---|---|
| Page | |
| Charity Information | 2 |
| Trustee Report | 3 - 8 |
| Independent Examiner’s Report | 9 - 10 |
| Statement of Financial Activity | 11 |
| Balance Sheet | 12 |
| Cash Flow Statement | 13 |
| Notes to the accounts | 14 - 16 |
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TOP KIDS
YEAR ENDED 31 DECEMBER 2022
Trustee Report
The Trustees have pleasure in submitting the Report and Accounts for the year ending 31° December 2022.
Structure, Governance and Management
Top Kids is a registered charity, charity number 1175282, and a Charitable Incorporated Organisation (CIO). Its constitution is dated 7th October 2017 and it became a registered charity on the 20" October 2017.
many have stayed for a week or two.
Trustees
Belarus who are integral in the delivery of front-line support.
trustees, with no maximum.
Achievements and Performance
invasion of Ukraine and the impact that it has had on UK inflation.
ourselves in we continue to find ways to innovate to do more with less.
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TOP KIDS
YEAR ENDED 31 DECEMBER 2022
international restrictions imposed on Belarus we were unable to receive visitors from the UK.
pastorally. We did this by providing:
important to us.
there is no hesitation the next time!
is a good reason to celebrate outside, with competitions, a tasty BBQ and lots of laughter!
them a little time to relax together.
together, with games and challenges and delicious food and of course a present to go home with!
It's one of the simplest things we do and yet it has a major impact.
families with this necessary expense. It's important that the children look their best, just like all their friends.
by preparing a special welcome pack that includes.
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TOP KIDS
YEAR ENDED 31 DECEMBER 2022
Future Plans
Moving forward we continue to plan for a bigger future including developing the following exciting projects:
keep supporting them through the setting-up of a specific support network;
for when they leave home to go to college.
and facilities within their homes. We will look at ways to raise specific funds and provide grants to improve.
etc. but also provide sustainable food source.
find new and secure ways to keeping our supporters informed when travel is restricted.
Public Benefit
that this satisfies the requirements of Public Benefit.
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TOP KIDS
YEAR ENDED 31 DECEMBER 2022
Financial Review
the available financial information provided to them.
contributions to cover their in-country accommodation, food and travel costs (although this latter source has, of course, been closed to us since 2019).
As a registered charity we also receive benefit from The Government's Gift Aid Scheme.
The charity's income in 2022 amounted to £31,524, being a 39% reduction (£19,999) on the £51,523 received in 2021. We did, of course, receive two very large donations from two separate individuals in 2021 which were consisted one-offs and therefore not expected to be repeated in 2022.
Note 2 in the following accounts shows the breakdown between individual donations, organisation donations and gift aid reclaimed. Figures reduced in each category by 64.5%, 19.7% and 30% respectively.
which individuals and organisations begin to support Top Kids’ work.
Despite this, the work has continued and the large donations received in 2021 allowed us to undertake a number of major infrastructure projects at the Dream House site for the benefit of in-country visitors.
As a result, annual expenditure on charitable activities for the year was £56,288 compared to £23,074 in 2021. This did result in an overall year end deficit of £28,162 against a surplus of £27,194 in 2021. Networth, as a result, reduced to only £1,045 however the trustees are confident that this position will improve during 2023 particularly as by the end of August the 2022 income total had already been reached.
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TOP KIDS
YEAR ENDED 31 DECEMBER 2022
Reserves Policy
The charity's current levels of unrestricted reserves are now well below 50% of normal annual expenditure.
Trustees continue to look at ways of increasing income in order to ensure these returns to acceptable levels.
Going Concern
The trustees, having reviewed all financial and other obligations, they expect the charity to continue to operate as normal for the foreseeable future. It is able to meet its obligations as they fall due, and there are no plans to close the charity or to significantly curtail its operations.
Grant Making Policy
of its charitable objectives, in line with its Grant Making Policy.
Risk Assessment
place to mitigate these. All major insurance risks are subject to normal volunteer insurance.
responsible for the area of activity.
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TOP KIDS YEAR ENDED 31 DECEMBER 2022 Trust•• Respon55bllltl•s The Trustees are responslble for preparin8 the Trustees. Report and the Flnancial Statements In IordanCe wilh appllcable law and UK A¢¢ountln8 Standards. The law applicable to charities In England and Wales requlre that trustees provlde flftanclal statements for eKh finan¢lal year whSch 8lve a true and fair wew of the state of affalfs of ihe charity and of the Incomln8 resources and applKatlon of resources of the charlty for that perlod. In pr¢parln8th¢5e finandal statements. the trustees are requw to: lert sultable Kcountln8 polkle5 and then apply them c¢)n515tentty: observe the MhOd5 and prlndples oltht Ch•rltbes SORP: m•kelud8ements Ind •rtlmates that are feasonible pnJdnt: State whher •ppllcable a¢¢ountln8 Standards hwe been fol1v. subject to any dep•rture5 dlxlosed and explalned In ihe finandal siatements.. and.. prepare the financlal siements ¢)n a Wngconcem unless li bs Inapproprlate to presum thai the ¢h•rb wlll ¢ontlnue In buslness. The trustees are responslble for keepln8 finan¢lal records whlch dlsdose th reasonable accuracy the fln•n¢la positlon of the charlty and enable them io èscertaln to ensure th41 the nnanclal statements ¢omply wlth the Charbtles Act and ihe pro$10n5 of the Iru5t deed. They ir• also responslble for fe8Vard4nI the assets of the ¢hèrl¢y and hence for takln8 reasonable steps for the PTeventk)n ènd detealon of fraud •nd other Irre8ularl¢lv. The trustees are responble for the maintenance and inte8rlty ol the th•rity and flnandal Informatlon Induded on the th•rlty'S webstte. Approved by the injstees on I S October 2023 Ind $ed on the behalf by: Glen baker Chalr of Truslees Page 8
TOP KIDS YEAR ENDED 31 DECEMBER 2022 Independent examlnerfs roport on th• accounts S•clion A IDdepend¢ni Ex•rniner's Report Report to th• trusl••¥l m•mb•rn ol TOP KIDS ¢Mrlty no Ilf •nyl 117S282 P•gMIi > 1 ty TvAfi y 311 1212022 R••ptyn•lblllllM •n bMls of r• Acri. IKl>i 145 01 tr 3)11 A¢t wThirYJ I 145(5Mbl oltr 3)23 NM: R•l•v•nl wol•Mlon 111 •r)yl: Page 9
TOP KIDS YEAR ENDED 31 DECEMBER 2022 C lion DISCI<T• Page 10
TOP KIDS
YEAR ENDED 31 DECEMBER 2022
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
| INCOMING RESCOURCES Donations & Legacies Charitable Activities Investments Trading Activities Other Total incoming resources EXPENDITURE ON Charitable Activities Raising Funds Other Activities Support Total resources used Net Incoming / Outgoing Resources Fund Transfers In Fund Transfers Out Net movement in funds Reconciliation of funds: Total Funds Brought Forward Total Funds Carried Forward Represented By General (Unrestricted) Reserve (Designated) |
Unrestricted Restricted Total Funds Total Funds Funds Funds 2022 2021 31,479 0 31,479 51,523 0 0 0 0 0 0 0 0 0 0 0 0 45 0 45 0 |
|---|---|
| 31,524 0 31,524 51,523 |
|
| 56,288 0 56,288 23,074 0 0 0 0 0 0 0 0 3,398 0 3,398 1,255 |
|
| 59,686 0 59,686 24,329 |
|
| -28,162 0 -28,162 27,194 7,000 0 7,000 0 7,000 0 7,000 0 |
|
| -28,162 0 -28,162 27,194 |
|
| 29,207 0 29,207 2,013 |
|
| 1,045 0 1,045 29,207 |
|
| 1,045 0 1,045 29,207 0 0 0 0 |
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TOP KIDS
YEAR ENDED 31 DECEMBER 2022
BALANCE SHEET
| Current Assets Cash Accounts Receivable Prepayments Total Non-Current Assets Fixed Assets Investments Total Current Liabilities Accounts Payable Deferred Income Total Non-Current Liabilities Long Term Loan / Mortgage Total Total Net Assets (Assets Minus Liabilities) Represented By General (Unrestricted) Reserve (Designated) Total |
Unrestricted Restricted Total Funds Total Funds Funds Funds 2022 2021 7,216 0 7,216 30,651 302 0 302 622 0 0 0 0 |
|---|---|
| 7,518 0 7,518 31,273 0 0 0 0 0 0 0 0 |
|
| 0 0 0 0 6,473 0 6,473 2,066 0 0 0 0 |
|
| 6,473 0 6,473 2,066 0 0 0 0 |
|
| 0 0 0 0 |
|
| 1,045 0 1,045 29,207 |
|
| 1,045 0 1,045 29,207 0 0 0 0 |
|
| 1,045 0 1,045 29,207 |
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TOP KIDS
YEAR ENDED 31 DECEMBER 2022
| CASH FLOW STATEMENT | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Cash flows from operating | ||
| activities: | ||
| Net cash provided by/ (used in) operating activities | (23,434) | 23,102 |
| Cash flows from investing | ||
| activities: | ||
| Dividends, interest and rents from investments | - | - |
| Purchase of investments | - | - |
| Net cash provided by/ (used in) investing activities | - | - |
| Change in cash and equivalents in the reporting | ||
| period | (23,434) | 23,102 |
| Cash and equivalents at the beginning of the year | 30,651 | 7,549 |
| Cash and cash equivalents at the end of the year | 7,216 | 30,651 |
| The charity has no borrowings and an 'Analysis of changes in net debt' has not been presented | ||
| Note a: Reconciliation of net income/(expenditure) to net cash flow from operating | ||
| activities | ||
| 2022 | 2021 | |
| £ | £ | |
| Net income/(expenditure) for the reporting period | (28,162) | 27,194 |
| (as per the statement of financial activities) | ||
| Adjustments | ||
| for: | ||
| Depreciation charges and provisions for impairment | - | - |
| (Gains)/losses on investments | - | - |
| Dividends, interest and rents from investments | - | - |
| Loss/(profit) on the sale of fixed assets | - | |
| (Increase)/decrease in stocks | - | |
| (Increase)/decrease in debtors | 320 | (622) |
| Increase/(decrease) in creditors | (4,407) | (90) |
| Net cash provided by (used in) operating activities | (32,248) | 26,482 |
| Note b: Analysis of cash and cash equivalents | ||
| £ | £ | |
| Cash at bank with immediate access | 7,216 | 30,651 |
| Petty cash | - | - |
| Total cash and cash equivalents | 7,216 | 30,651 |
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TOP KIDS
YEAR ENDED 31 DECEMBER 2022
1. Accounting Policies
The accounts have been prepared under the historic cost convention, in accordance with applicable accounting standards and follow the FRS 102 Statement of Recommended Practice: Accounting for Charities 2015. The following are the accounting policies which have been applied in dealing with material items: -
The accounts have been prepared on the going concern basis, as there are no material uncertainties about the charity’s ability to continue. Based on the adequacy of the charity’s reserves as at the balance sheet date, along with their knowledge of the charity’s ability to meet bills, payments and other liabilities as they fall due, the trustees have a reasonable expectation that the charity has sufficient resources to continue in operational existence for the foreseeable future.
a) Donated and grant income:
Donated income and grants receivable are taken into account when received by the charity. Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenues and Customs is grossed up for the tax recoverable. Any amount of tax reclaimed from HM Revenues and Customs but not yet received is shown within the charity’s debtors.
b) Other income and expenditure
Investment income is taken into account when receivable and expenditure, including irrecoverable VAT, when incurred by the charity, regardless on when payment is made. Grants payable are taken into account at the earlier of when they are paid or become constructive obligations.
c) Funds:
Unrestricted funds are donations and other income received or generated for the objects of the charity without specific purpose and are available for purposes directed by the trustees. Restricted funds are amounts received where the donor has specified the purpose for which they are used.
d). Fixed assets and depreciation:
Fixed assets acquired for use by the charity are capitalized and depreciated over their estimated useful life unless they cost less than £2,500 when they are written off on purchase.
Depreciation periods are as follows:
Freehold land Not depreciated Freehold buildings Not depreciated Equipment Between 3 and 7 years
e). Taxation:
A registered charity which is exempt from taxation under the Income & Corporation Taxes Acts.
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TOP KIDS
YEAR ENDED 31 DECEMBER 2022
2. Voluntary income
| Donations - Individuals Donations - Non-personal Gift Aid Reclaim TOTAL |
General Designated Total Prior Year Fund Funds Funds Total Funds 7,666 0 7,666 21,564 15,502 7,000 22,502 28,025 1,356 0 1,356 1,934 24,524 7,000 31,524 51,523 |
|---|---|
3. Debtors & Prepayments
| Tax recoverable Other debtors TOTAL |
2022 2021 302 622 0 0 302 622 |
|---|---|
4. Creditors: liabilities falling due within one year
| 2022 | 2021 | |
|---|---|---|
| Credit Cards | 2,617 | 2,066 |
| Other creditors | 3,856 | 1,934 |
5. Funds
Fund movement by type
| Fund Name General Reserve TOTAL |
Opening Balance 2022 Income 2022 Expenditure 2022 Fund Transfers 2022 Closing Balance 2022 29,207 24,524 59,686 7,000 1,045 0 7,000 0 -7,000 0 29,207 31,524 59,686 0 1,045 |
|---|---|
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TOP KIDS
YEAR ENDED 31 DECEMBER 2022
Analysis of income and expenditure
| Actual Income Donations Gift Aid Reclaim TOTAL Expenditure on charitable activities Grants & Support Building Repairs & Maintenance Dream House Supplies Equipment & Purchases In-country Meetings Medical Insurance & Residence Fees Office Supplies Personnel Phone & Internet Projects Utilities Vehicle costs Other expenditure Bank Charges Expenses - Meetings General Insurance Software costs Total Expenditure Net movement in funds |
2022 30,168 1,356 31,524 2,833 30,938 9,344 5,275 0 31 122 1,528 271 2,307 2,179 1,459 56,288 2,386 65 329 258 360 3,398 59,686 -28,162 |
2021 |
|---|---|---|
| 49,589 1,934 |
||
| 51,523 2,259 408 8,310 6,196 0 139 184 1,827 0 0 2,603 1,148 |
||
| 23,074 742 0 0 258 255 |
||
| 1,255 24,329 27,194 |
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