## **CHARITY REGISTRATION NUMBER: 1175338**
## **KIDS SPACE REPORT AND FINANCIAL STATEMENTS**
**31 MARCH 2021**
0
**Kids Space Financial Statements Period Ended 31 March 2021**
|Trustees
Annual Report
...................................................................................................
2|
|---|
|Statement of
Financial
Activities
.....................................................................................
5|
1
**Kids Space Trustees Annual Report Period Ended 31 March 2021**
The trustees present this report and the unaudited financial statements of the charity for 1 April 2019 31 March 2020
## **Reference and administrative details**
**Registered charity name** Kids Space
**Charity registration number** 1175338
**Principal Office** 22 Moundfield Road London N16 6DT
## **The trustees who served the charity during the period were**
Chana Ruchi Eichenstein Jehezkel Benzion Wasserstrum Rivka Lipshutz Samuel Lipschitz
## **Structure, governance & management**
The charity is constituted and governed by a Trust Deed dated 8[th] May 2017. The charity is governed and managed by the trustees, who meet regularly. It is not now the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment training and induction procedures.
The charity is run by the trustees who all act in an honorary capacity. Full induction and training is provided to any new trustees.
## **Risk Management**
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
**Kids Space Trustees Annual Report** _**(continued)**_ **Period Ended 31 March 2021**
## **Objectives and activities**
The objectives of the charity are;
To advance in life and help young people through:
(a)the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
(b)providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
- (c) to relieve financial hardship in such ways as the trustees shall determine, in particular but not exclusively by the provision of grants to individuals in need.
- (d) any other purpose currently recognised as charitable by the laws of England and Wales
## **Public Benefit Policy**
The Trustees have paid due regard to the Charity Commission's guidance on public benefit when reviewing the charity’s aims and objectives and planning future activities.
## **Achievements and performance**
Kids Space is a new charity that has been set up to enable disadvantaged children and young people to learn a range of new skills through challenging and stimulating activities in a safe environment. During this year we continued to run classes and activities on a reduced basis, funded solely by individual donors. We did not undertake any active fundraising for our activities in this year.
During 2020 the activities of the charity were put on hold due to the COVID-19 pandemic, however as restrictions start to ease in 2021 Kids Space has reinvigorated its fundraising efforts in an attempt to build its capacity to achieve its objectives.
## **Financial review**
As at 31 March 2021 the charity held £561 restricted reserves and unrestricted reserves of £11,181. Due to the threshold of income within this financial year, a basic income and expenditure statement has been prepared.
## **Reserves Policy**
It is the charity's policy to retain cash reserves of between three and six months operating costs. Still only in its second year and with the impact of the global pandemic, the trustees have not yet achieved this level of reserves, but plan to raise a small surplus in the next financial year in order to replace the reserves utilised and build up reserves to an adequate level.
**Kids Space Trustees Annual Report** _**(continued)**_ **Period Ended 31 March 2021**
## **Plans for future periods**
Kids Space has plans to run more leisure activities on weekends and after school hours and lockdown restrictions are lifted and children are able to engage again in structure activities. Planned activities in the next year include swimming, football and table tennis. Sessions will run from 4 - 6pm, with different activities on each day. We plan to run twice yearly sleep away trips and quarterly day trips, which provide excellent opportunities for young people to develop their organisational skills and ability to work as part of a team.
## **Small company provisions**
The trustees' annual report was approved on 14[th] December 2021 and signed on behalf of the board of trustees by:
S Lipschitz
**Kids Space Statement of Financial Activities (incorporating an income and expenditure account) Period Ended 31 March 2021**
|**INCOME from**
Donations &
legacies
Charitable
activities
**Total income**
**EXPENDITURE**
Raising funds
Charitable
activities
**Total**
**expenditure**
**Net income**
**and net**
**movement in**
**funds**
**Reconciliation of**
**funds**
Total funds
brought
forward
**Total funds**
**carried**
**forward**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**2021**
**Total Funds**
**2020**
18,000
-
18,000
11,750
-
20,000
20,000
-|
|---|---|
||11,750
20,000
38,000
11,750|
||-
-
-
86
7,326
19,439
26,765
12,800|
||12,886
19,439
2
6,765
12,886|
||10,67
4
561
11,235
(1,136)|
||
507
-
-
1,643|
||11,181
561
11,742
507|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above.