**TOP KIDS**
**YEAR ENDED 31 DECEMBER 2022**
TOP KIDS Report and Accounts
Year ended 31 December 2022
_Page 1_
**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**|
_Page 2_
**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.
_Page 3_
**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.
_Page 4_
**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.
_Page 5_
**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.
_Page 6_
**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.
_Page 7_
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 pnJd*nt:
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 si*ements ¢)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
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Ilf •nyl
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ty TvAfi *y 311 1212022
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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|
_Page 11_
## **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|
_Page 12_
## **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|
_Page 13_
**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.
_Page 14_
## **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|
|---|---|
_Page 15_
**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**|
_Page 16_