**TOP KIDS**
## **YEAR ENDED 31 DECEMBER 2023**
TOP KIDS Report and Accounts Year ended 31 December 2023
_Page 1_
**TOP KIDS**
**YEAR ENDED 31 DECEMBER 2023**
## **Trustees**
A Shearn (resigned 18[th] Aug. 2023) G Baker N Duggan S Wesley **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 2023**
## **Trustee Report**
The Trustees have pleasure in submitting the Report and Accounts for the year ending 31° December 2023.
## **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 2023**
2023 was another difficult year due to the continued impact by the ongoing situation in Ukraine. Due to the severe 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 2023**
## **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 2023**
## **Financial Review**
work of the charity. The Trustees continue to have overall responsibility for governance and accountability. The trustees continue to make strategic decisions based upon the financial position of the charity by reference to 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 2023 amounted to £36,656, being a 16.3% increase on the £31,524 received in 2022.
Note 2 in the following accounts shows the breakdown between individual donations, organisation donations and gift aid reclaimed. Personal donations reduced by 6.7%, whereas non-personal donations were 33% higher and gift aid reclaimed 74% higher.
Clearly, the restrictions on movements seen over recent years, due to the reasons already alluded to, has meant that it has been impossible to receive visitors to the Dream House. Such visits are an important means through 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 £23,252 compared to £56,288 in 2022. This did result in an overall year end surplus of £13,444 against the deficit of £28,162 recorded in the previous year.
Networth, as a result, increased to £14,489 from last year’s low point of only £1,045.
_Page 6_
**TOP KIDS**
**YEAR ENDED 31 DECEMBER 2023**
## **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 2023
Trustee Responsibilities
The Trustees are responslble for prepari the Trustees. Report and the Financial Statements in •c¢ofdante with
applicable law and UK Accounling StaThJards. The law applKable to charltles In En8land and Wales require that trustees
provide financlal statements for each financlal year which give a true and fair vlew of the stale of affairs of the charlty
and of the incomlrv¥ resources and applicailon of resources of the th•rlty for that period. In preparin8 these financial
statements. the trustees are required to:
select sultable accountln8 polkles and then apply ihem conslstentty-
observe the methods arwj prlnclples of th* Charities SORP:
m•keJud8ements and estimates tt are reasonable and wdent.
state whether applicable •c¢ount1 standards have been followed. subject to any departures disclosed and explained in
the financial 5tatements.' and:
piepare the ftnandal statements on a 8oln8 concem basls unless It Is Inapproprfate to presum¢ that the charity wlll
conllnue In bUness.
The trustees are responsible for keepin8 financval records whlch dlsclose with reasonable xcuracy the financlal position
of the charlty and enable them to ascertain to en$ ihat the financlal staiements compty wlth the CharltSes Act and thf
provisbns of the trust deed. They a also responsible for safeguardln8 the assets of the chJrity and hence lor takin8
reasonable steps for the prevention and deteclion of fraud and other irre8ularltles. The tnjstees are spOnSible for ihe
Maintenance and Inte8rlty of the chartty and financial informaiion irKluded on the chJrlty'S webslte.
Approved by the trustees on ihe day of
2024 •nd sl8ned on thelr behalf by:
Glen Baker
Page 8
TOP KIDS
YEAR ENDED 31 DECEMBER 2023
Indèpondent examlnerfs report on th•
accounts
Seciioii A
IndopEndont Exjniiner s Report
1175282
•ny)
Pw11to18
¢hvlty ITh tr* 3111W J)ZJ
uTrJ•r s•ckn 145 c4 11 my •xn•kn. I
Kl•r 1445Xbld
Itrcttobw >)24
9•11101) or body
Page 9
TOP KIDS
YEAR ENDED 31 DECEMBER 2023
Section B
Disclosure
Onty complete il Ihe examiner needs to hi9hlighl material matters ol concern
(see CC32, Independenl examinalion ol chattty accounis. directions and
guidan for examiners).
Glv• herè brfel dethils of
any items that the
•xominer wishes 10
disclose
NIL
Page 10
## **TOP KIDS**
## **YEAR ENDED 31 DECEMBER 2023**
## **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**
**2023**
**2022**
36,600
0
36,600
31,479
0
0
0
0
0
0
0
0
0
0
0
0
95
0
95
45|
|---|---|
||36,696
0
36,696
31,524|
||21,510
0
21,510
56,288
0
0
0
0
0
0
0
0
1,742
0
1,742
3,398|
||23,252
0
23,252
59,686|
|||
||**13,444**
**0**
**13,444**
**-28,162**
0
0
0
7,000
0
0
0
7,000|
||13,444
0
13,444
-28,162|
||1,045
0
1,045
29,207|
||14,489
0
14,489
1,045|
||14,489
0
14,489
1,045
0
0
0
0|
_Page 11_
**TOP KIDS**
## **YEAR ENDED 31 DECEMBER 2023**
## **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**
**2023**
**2022**
15,844
0
15,844
7,216
904
0
904
302
0
0
0
0|
|---|---|
||16,748
0
16,748
7,518
0
0
0
0
0
0
0
0|
||0
0
0
0
2,259
0
2,259
6,473
0
0
0
0|
||2,259
0
2,259
6,473
0
0
0
0|
||0
0
0
0|
||14,489
0
14,489
1,045|
||14,489
0
14,489
1,045
0
0
0
0|
||14,489
0
14,489
1,045|
_Page 12_
## **TOP KIDS**
## **YEAR ENDED 31 DECEMBER 2023**
## **CASH FLOW STATEMENT**
|**Cash flows from operating activities:**
**_Net cash provided by/(used in) operating activities_**
**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_**
**Cash and equivalents at the beginning of the year**
**_Cash and cash equivalents at the end of the year_**|**2023**
**2022**
£
£
8,627
(23,434)|
|---|---|
||-
-
-
-|
||-
-|
|||
||8,627
(23,434)
7,216
30,651|
||15,844
7,216|
|_The charity has no borrowings and an 'Analysis of changes in net debt' has not been presented_|_The charity has no borrowings and an 'Analysis of changes in net debt' has not been presented_|_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**|||
||**2023**|**2022**|
||£|£|
|**_Net income/(expenditure) for the reporting period_**|13,444|(28,162)|
|**_(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|602|320|
|Increase/(decrease) in creditors|(4,214)|(4,407)|
|**_Net cash provided by (used in) operating activities_**|9,832|(32,248)|
|**Note b: Analysis of cash and cash equivalents**|||
||**2023**|**2022**|
||£|£|
|Cash at bank with immediate access|13,596|7,216|
|Petty cash|2,247|-|
|**Total cash and cash equivalents**|15,844|7,216|
_Page 13_
**TOP KIDS**
**YEAR ENDED 31 DECEMBER 2023**
## **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 2023**
## **2. Voluntary income**
|Donations - Individuals
Donations - organisations
Gift Aid Reclaim
TOTAL|General
Designated
Total
Prior Year
Fund
Funds
Funds
Total Funds
13,682
0
13,682
14,666
20,550
0
20,550
15,457
2,368
0
2,368
1,356
36,600
0
36,600
31,479|
|---|---|
## **3. Debtors & Prepayments**
|Gift Aid Reclaim
Other debtors
TOTAL|**2023**
**2022**
404
302
500
0
904
302|
|---|---|
## **4. Creditors: liabilities falling due within one year**
|Credit Cards
Other creditors
TOTAL|**2023**
**2022**
2,259
2,617
0
3,856
2,259
6,473|
|---|---|
## **5. Funds**
## **Fund movement by type**
|**Fund Name**
General
Reserve
TOTAL|Opening
Balance
Income
Expenditure
Fund Transfers
Closing
Balance
1,045
36,696
23,252
0
14,489
0
0
0
0
0
1,045
36,696
23,252
0
14,489|
|---|---|
_Page 15_
**TOP KIDS**
**YEAR ENDED 31 DECEMBER 2023**
## **Analysis of income and expenditure**
|**Actual Income**
Donations
Gift Aid Reclaim
Other Income
TOTAL
**Expenditure**
**Charitable Activities**
Grants & Support
Building Repairs & Maintenance
Dream House Supplies
Equipment & Purchases
In-country Meetings
Med. Insurance & Residence Fees
Office Supplies
Personnel
Phone & Internet
Projects
Utilities
Vehicle costs
**Support Costs**
Bank Charges
Expenses - Meetings
General
Insurance
Software costs
Total Expenditure
**Net movement in funds**|**2023**
34,232
2,368
95
**36,696**
1,970
1,264
10,356
1,338
0
294
0
3,583
390
18
1,369
927
**21,510**
1,043
11
4
258
426
**1,742**
23,252
**13,444**|**2022**|
|---|---|---|
|||30,123
1,356
45|
|||**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**|
_Page 16_