REGISTERED CHARITY NUMBER: 1175338
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
FOR
KIDS SPACE
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
KIDS SPACE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
KIDS SPACE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
The trustees present their report with the financial statements of the charity for the year ended 30 April 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
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, and
(d) any other purpose currently recognised as charitable by the laws of England and Wales.
Significant activities
The financial results of the Company's activities for the period ended 30 April 2025 are fully reflected in the attached financial statements together with the notes thereon.
The trustees are satisfied with the results and activities of the company for the year and do not anticipate any significant changes in the forthcoming year.
Public benefit
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
Charitable activities
Kids Space 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 the year the charity received £80,923 (2024: £115,385) in charitable donations. During the same period the charity paid £78,761 (2024: £116,676) in charitable activities.
FINANCIAL REVIEW
Reserves policy
The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity.
FUTURE PLANS
Kids Space would like to be fully operational and run more leisure activities on weekends and after school hours. Planned activities in the next year include workshops, drama, talent performance, music etc. It is envisaged to run excursions during the year and two sleep away trips. These excursions and sleep aways provide excellent opportunities for young people to develop their organisational skills and ability to work as part of a team.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted and governed by a Trust Deed dated 8th 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.
Page 1
KIDS SPACE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1175338
Principal address
22 Moundfield Road London N16 6DT
Trustees
C R Eichenstein J B Wasserstrum Ms R Lipshutz G Leitner
Independent Examiner
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 17 February 2026 and signed on its behalf by:
C R Eichenstein - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KIDS SPACE
Independent examiner's report to the trustees of KIDS SPACE
I report to the charity trustees on my examination of the accounts of KIDS SPACE (the Trust) for the year ended 30 April 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
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 Trust 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 applicable 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 as 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.
M A Venitt, A.C.A
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
17 February 2026
Page 3
KIDS SPACE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 75,855 EXPENDITURE ON Charitable activities Charitable activities 73,693 Other 900 Total 74,593 NET INCOME/(EXPENDITURE) 1,262 RECONCILIATION OF FUNDS Total funds brought forward (890) TOTAL FUNDS CARRIED FORWARD 372 |
Restricted fund £ 5,068 5,068 - 5,068 - - - |
30.4.25 Total funds £ 80,923 78,761 900 79,661 1,262 (890) 372 |
30.4.24 Total funds £ 115,385 116,676 900 117,576 (2,191) 1,301 (890) |
|---|---|---|---|
The notes form part of these financial statements
Page 4
KIDS SPACE
BALANCE SHEET 30 APRIL 2025
| 30.4.25 | 30.4.24 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Cash at bank | 2,172 | - | 2,172 | 10 | |
| CREDITORS | |||||
| Amounts falling due within one year | 4 | (1,800) | - | (1,800) | (900) |
| NET CURRENT ASSETS/(LIABILITIES) | 372 | - | 372 | (890) | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 372 | - | 372 | (890) | |
| NET ASSETS/(LIABILITIES) | 372 | - | 372 | (890) | |
| FUNDS | 5 | ||||
| Unrestricted funds | 372 | (890) | |||
| TOTAL FUNDS | 372 | (890) |
The financial statements were approved by the Board of Trustees and authorised for issue on 17 February 2026 and were signed on its behalf by:
C R Eichenstein - Trustee
G Leitner - Trustee
R Lipshutz - Trustee
J B Wasserstrum - Trustee
The notes form part of these financial statements
Page 5
KIDS SPACE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Governance costs
Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.
Page 6
continued...
KIDS SPACE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 115,385 | - | 115,385 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Charitable activities | 116,676 | - | 116,676 | ||
| Other | 900 | - | 900 | ||
| Total | 117,576 | - | 117,576 | ||
| NET INCOME/(EXPENDITURE) | (2,191) | - | (2,191) | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 1,301 | - | 1,301 | ||
| TOTAL FUNDS CARRIED FORWARD | (890) | - | (890) | ||
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 30.4.25 | 30.4.24 | ||||
| £ | £ | ||||
| Other creditors | 1,800 | 900 | |||
| 5. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.5.24 | in funds | 30.4.25 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | (890) | 1,262 | 372 | ||
| TOTAL FUNDS | (890) | 1,262 | 372 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 75,855 | (74,593) | 1,262 | ||
| Restricted funds | |||||
| Restricted Funds | 5,068 | (5,068) | - | ||
| TOTAL FUNDS | 80,923 | (79,661) | 1,262 |
continued...
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KIDS SPACE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
5. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.5.23 | in funds | 30.4.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,301 | (2,191) | (890) |
| TOTAL FUNDS | 1,301 | (2,191) | (890) |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 115,385 115,385 |
Resources Movement expended in funds £ £ (117,576) (2,191) (117,576) (2,191) |
Resources Movement expended in funds £ £ (117,576) (2,191) (117,576) (2,191) |
|---|---|---|---|
| (2,191) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.5.23 | in funds | 30.4.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,301 | (929) | 372 |
| TOTAL FUNDS | 1,301 | (929) | 372 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 191,240 | (192,169) | (929) |
| Restricted funds | |||
| Restricted Funds | 5,068 | (5,068) | - |
| TOTAL FUNDS | 196,308 | (197,237) | (929) |
continued...
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KIDS SPACE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2025.
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