2022-01-31-accounts

KEF KIDS COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS 31 JANUARY 2022

COMPANY REGISTRATION NUMBER: 10799455 CHARITY REGISTRATION NUMBER: 1176298

COHEN ARNOLD

Chartered accountants New Burlington House 1075 Finchley Road London NW11 0PU

Kef Kids

Company Limited by Guarantee

Financial Statements

Year ended 31 January 2022

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	12
Statement of financial activities (including income and expenditure
account)	13
Statement of financial position	14
Statement of cash flows	15
Notes to the financial statements	16

Kef Kids

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 January 2022

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 January 2022.

Reference and administrative details

Registered charity name	Kef Kids
Charity registration number	1176298
Company registration number	10799455
Principal office	KEF Centre
	Arbiter House
	Wilberforce Road
	London
	NW9 6AX
Registered office	New Burlington House
	1075 Finchley Road
	London
	NW11 0PU
The trustees	Mr D B Fine
	Mr B Groszman
	Mr S J Halpern
Independent examiner	David Goldberg FCA DChA
	New Burlington House
	1075 Finchley Road
	LONDON
	NW11 0PU

Structure, governance and management

Kef was originally established as a charitable trust in 2007 to provide social, leisure and developmental benefits to children with disabilities and to provide support and respite to their families. As of 14 Dec 2017, the charity's activities were transferred to a newly formed incorporated charity Kef Kids (charity number 1176298, company number 10799455). In the Trustees' view this is a more suitable legal structure given the nature and expansion of the charity's activities. The charity's governing document is its Memorandum and Articles of Association.

The day to day affairs of the charity are administered by the Board of Trustees. It is not currently the intention of the trustees of the charity to appoint new trustees. Should the situation change in the future, the trustees will apply suitable recruitment and training procedures.

The aims of Kef Kids are similar to those of Kef, and service users were not directly affected by this transition.

1

Kef Kids

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 January 2022

Objectives and activities

Objectives

The charity was set up to provide out-of-school hours activities for children with disabilities, primarily from the Jewish communities in the London Borough of Barnet, but also to Jewish children in Brent and Hackney and other areas in England. The charity's aims are to provide social, leisure and developmental benefits to children with disabilities and support and respite to their families.

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and policies.

Achievements and performance

The charity provides out-of-school hours activities for children and young adults with a wide range of physical and learning disabilities and their families, primarily from the Jewish communities in the London Borough of Barnet, but also to Jewish children in Brent and Hackney and other areas in England. The charity offers opportunities that help the children to thrive, whilst providing their families with much needed respite. Devoted and energetic volunteers ensure a caring and loving environment whilst catering to each child’s individual needs.

The charity's aims are to enhance the lives of children and young adults with disabilities while providing much needed respite for their families, by offering social, leisure and developmental benefits. KEF is an environment where service users can blossom and develop to maximise their potential.

During the above-said period, the activities run by the charity included:

• A summer residential scheme for 83 children and young adults across 3 divisions with over 180 staff.

• A winter residential scheme for 63 children and young adults across 3 divisions and over 150 staff

• Sunday activities for up to 57 children and young adults with over 70 staff.

• Boys only Sunday activities geared at older campers (from 12), with additional opportunities for family involvement (via zoom and in person).

• Activities and outings on days when school was closed were held throughout the year, including bank holidays, half-terms and school INSET days

• After school baking groups for up to 14 children

• Weekly sports activities for boys with qualified instructor

• Buddy Programme

• Parent support group offering various support opportunities

• Older Girls Activity programme which meets bi-weekly and is the highlight of the week for our young adults

• Sibling Support Groups – focusing support and attention on the siblings of the participants with special needs who often they feel neglected and marginalised by the focus on their special sibling.

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Kef Kids

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 January 2022

• A residential family weekend for 35 of our families – with a full programme of activities, entertainment and workshops. This new programme met with overwhelming success and the intention is to repeat every few years.

• Support packages and Zoom programmes are now available as standard for children and young adults who cannot access programmes in person.

The Kef Centre , a fully refurbished, bespoke building equipped with state of the art disabled accessible facilities, a soft-play room, sensory room and kitchen, accommodates all programmes during the year, has become a hub for the participants of Kef. The security and familiarity that the building provides, in addition to its suitability for all needs, has markedly improved the smooth running of the programmes.

Kef Kids is registered with Ofsted under registration no. 2592451, and received an OUTSTANDING rating at its inspection in August 2022. Having received consistently good ratings when previously registered as KEF, this reflects the progress that the charity has made to reach this level.

Kef Kids was awarded the Queens Award for Voluntary Service in July 2022, the equivalent of an MBE for the voluntary sector. This award represents the highest accolade attainable for any UK charity.

In September 2022 an Impact Report was produced by Kef, reflecting the progress of the Charity over the previous 12 months. Please see the report below.

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KEF THIS YEAR It's 4 busy I brillhnt ye4 at KEFI KEF'S pr¥rdmns ¢¢ Impr¢viry all tFrt lim& W¢ $14rt¢4 4 D¢W thIis I movement W¢ h4d our Sirst knily byeektn41 bIKE4KEF was bl￿er Wc are bl￿rg rth¢re tr1¢ knk f¢rwar4 ye4r d KEF HOW WE HELP CHILDREN & YOUNG ADULTS WITH DISABILITIES & THEIR FAMILILES Provicle cjn Inclusive environment where young peoplefocing 5imilarchallenge5 can Ihiive. Provideo irusied constontthrough challenging lrfe Iransititsns ond circumstonces. Promde Po￿tiVe experiencesfor children cjnd young people with disabilities. Reducefeelings of lonelines5 and Isolarion forfomilies ond young people. Proiiide re Improve familie5 ability io cope with cjoily 5truggle.5 torfomilie&

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ORGANISATIONS WE PARTNER WITH We see Strong benefit5 in partnership working wiih othtr relevant charities and organisation5. We are communicoling regulorly to ensure collaboration ond effective cooperotion. maximising sources. and ovoiding duplication. camp 5IMCHa UMARPEH Jami JEWISHCARE ) SPLASH { Kisharon= Sibs paperweighl hi£cAV J*lsh atwrsforlearnlngd15abllrtle5 NOR(JooD step Jowish L8gacy TOGETHER WE CAN CONTINUE TO MAKE A DIFFERENCE We are indebted to our volunteers, BIKE4KEF riders. supporters, and the entire community for your continued commitment and generosity, which enables us to provide our vital services. THEKEFCEPnRE Arbrterkth5e THANK You! 02082058135 Re9k41ueddwfK%1176298 io

Kef Kids

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 January 2022

Future plans

There are an increasing number of applications to Kef Kids for places for residential schemes and procuring suitably equipped premises is both extremely challenging and expensive. The Trustees are of the opinion that the charity would hugely benefit from owning its own residential site configured and customised to its needs to enable it to operate more efficiently in the long term. The Trustees are currently in the process of engaging a team of advisors to put together a report in order to assess the feasibility of acquiring a building and are creating a designated fund for this purpose.

Financial review

Reserves Policy

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level of up to six months running costs. This is to ensure that activities do not have to stop at a time when funding is not immediately available.

As at 31 January 2022 the charity’s free reserves, which are the charity's unrestricted net current assets, was £326,023. This covers approximately 4 months running costs. The charity also holds £150,000 in designated funds for the building project referred to above. The charity’s total reserves as at 31 January 2022, including fixed assets, was £756,456.

The trustees' annual report and the strategic report were approved on 17 November 2022 and signed on behalf of the board of trustees by:

Mr B Groszman Trustee

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Kef Kids

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Kef Kids

Year ended 31 January 2022

I report to the trustees on my examination of the financial statements of Kef Kids ('the charity') for the year ended 31 January 2022.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

David Goldberg, FCA DChA

Cohen Arnold New Burlington House 1075 Finchley Road LONDON NW11 0PU

17 November 2022

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Kef Kids

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 January 2022

			2022		2021
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	775,312	14,069	789,381	732,354
Charitable activities	6	204,861	–	204,861	111,302
		──────────	─────────	──────────	──────────
Total income		980,173	14,069	994,242	843,656
		══════════	═════════	══════════	══════════
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies	7	135,088	–	135,088	117,679
Expenditure on charitable activities	8,9	907,850	14,069	921,919	412,240
		─────────────	─────────	─────────────	──────────
Total expenditure		1,042,938	14,069	1,057,007	529,919
		═════════════	═════════	═════════════	══════════
		─────────────	─────────	─────────────	──────────
Net (expenditure)/income and net
movement in funds		(62,765)	–	(62,765)	313,737
		═════════════	═════════	═════════════	══════════
Reconciliation of funds
Total funds brought forward		819,221	–	819,221	505,484
		─────────────	─────────	─────────────	──────────
Total funds carried forward		756,456	–	756,456	819,221
		═════════════	═════════	═════════════	══════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 16 to 25 form part of these financial statements.

13

Kef Kids

Company Limited by Guarantee

Statement of Financial Position

31 January 2022

		2022	2021
	Note	£	£
Fixed assets
Tangible fixed assets	14	280,433	305,306
Current assets
Debtors	15	41,844	25,000
Cash at bank and in hand		476,131	512,227
		──────────	──────────
		517,975	537,227
Creditors: amounts falling due within one year	17	41,952	23,312
		──────────	──────────
Net current assets		476,023	513,915
		──────────	──────────
Total assets less current liabilities		756,456	819,221
		──────────	──────────
Net assets		756,456	819,221
		══════════	══════════
Funds of the charity
General funds		606,456	669,221
Designated funds		150,000	150,000
		──────────	──────────
Total charity funds	19	756,456	819,221
		══════════	══════════

For the year ending 31 January 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 17 November 2022, and are signed on behalf of the board by:

Mr B Groszman Trustee

The notes on pages 16 to 25 form part of these financial statements.

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Kef Kids

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 January 2022

		2022	2021
	Note	£	£
Cash flows from operating activities
Net (expenditure)/income		(62,765)	313,737
Adjustments for:
Depreciation of tangible fixed assets		60,818	60,016
Interest payable and similar charges		1,367	2,426
Accrued expenses		600	–
Changes in:
Trade and other debtors		(16,844)	15,675
Trade and other creditors		17,147	11,440
		─────────	──────────
Cash generated from operations		323	403,294
Interest paid		(1,367)	(2,426)
		───────	──────────
Net cash (used in)/from operating activities		(1,044)	400,868
		═══════	══════════
Cash flows from investing activities
Purchase of tangible assets		(35,945)	(2,427)
		─────────	──────────
Net cash used in investing activities		(35,945)	(2,427)
		═════════	══════════
Net (decrease)/increase in cash and cash equivalents		(36,989)	398,441
Cash and cash equivalents at beginning of year		512,227	113,786
		──────────	──────────
Cash and cash equivalents at end of year	16	475,238	512,227
		══════════	══════════

The notes on pages 16 to 25 form part of these financial statements.

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Kef Kids

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 January 2022

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is KEF Centre, Arbiter House, Wilberforce Road, London, NW9 6AX.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The Trustees are confident that the charity has sufficient reserves to be able to continue its charitable activities for the forseeable future.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

the Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

16

Kef Kids

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2022

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

17

Kef Kids

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2022

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	Various rates, depending on estimated useful life and
		residual value
Motor vehicles	-	Various rates, depending on estimated useful life and
		residual value
Leasehold property	-	Over the remaining number of years on the lease
improvements		(terminating in 2026)

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

18

Kef Kids

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2022

3. Accounting policies (continued)

Financial instruments (continued)

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

Kef Kids is a Company Limited by Guarantee not having a Share Capital. It is registered as a charity with the Charity Commission (number 1176298).

5. Donations and legacies

Donations and legacies
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Donations
Donations	754,347	–	754,347

19

Kef Kids

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2022

5. Donations and legacies (continued)

5.	Donations and legacies (continued)
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
			£	£	£
	Grants
	Grants receivable		20,965	14,069	35,034
			──────────	─────────	──────────
			775,312	14,069	789,381
			══════════	═════════	══════════
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
			£	£	£
	Donations
	Donations		606,059	59,703	665,762
	Grants
	Grants receivable		66,592	–	66,592
			──────────	─────────	──────────
			672,651	59,703	732,354
			══════════	═════════	══════════
6.	Charitable activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		£	£	£	£
	Parental contributions	204,861	204,861	111,302	111,302
		══════════	══════════	══════════	══════════
7.	Costs of raising donations and legacies
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		£	£	£	£
	Costs of raising donations and legacies
	- Donations	135,088	135,088	117,679	117,679
		══════════	══════════	══════════	══════════

20

Kef Kids

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2022

8. Expenditure on charitable activities by fund type

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
			£	£	£
	Recreational activities and residential camps for
	children with special needs		900,650	14,069	914,719
	Support costs		7,200	–	7,200
			──────────	─────────	──────────
			907,850	14,069	921,919
			══════════	═════════	══════════
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
			£	£	£
	Recreational activities and residential camps for
	children with special needs		341,590	59,703	401,293
	Support costs		10,947	–	10,947
			──────────	─────────	──────────
			352,537	59,703	412,240
			══════════	═════════	══════════
9.	Expenditure on charitable activities by activity type
		Activities
		undertaken		Total funds	Total fund
		directly Support costs		2022	2021
		£	£	£	£
	Recreational activities and residential
	camps for children with special needs	914,719	–	914,719	401,293
	Governance costs	–	7,200	7,200	10,947
		──────────	───────	──────────	──────────
		914,719	7,200	921,919	412,240
		══════════	═══════	══════════	══════════
10.	Net (expenditure)/income
	Net (expenditure)/income is stated after	charging/(crediting):
				2022	2021
				£	£
	Depreciation of tangible fixed assets			60,818	60,016
				═════════	═════════
11.	Independent examination fees
				2022	2021
				£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements			5,400	5,400
				═══════	═══════

21

Kef Kids

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2022

12. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2022	2021
	£	£
Wages and salaries	20,876	13,938
Employer contributions to pension plans	318	193
	─────────	─────────
	21,194	14,131
	═════════	═════════

The average number of employees during the year was 2 (2021: Nil).

No employee received employee benefits of more than £60,000 during the year (2021: Nil).

13. Trustee remuneration and expenses

There was no remuneration paid to the Trustees. The Charity did not meet any individual expenses incurred by the Trustees for services provided to the Charity.

14. Tangible fixed assets

			Leasehold
	Fixtures and	Motor	property
	fittings	vehicles	improvement	Total
	£	£	£	£
Cost
At 1 February 2021	3,829	65,782	355,241	424,852
Additions	4,013	–	31,932	35,945
	───────	─────────	──────────	──────────
At 31 January 2022	7,842	65,782	387,173	460,797
	═══════	═════════	══════════	══════════
Depreciation
At 1 February 2021	1,046	17,970	100,530	119,546
Charge for the year	1,568	8,985	50,265	60,818
	───────	─────────	──────────	──────────
At 31 January 2022	2,614	26,955	150,795	180,364
	═══════	═════════	══════════	══════════
Carrying amount
At 31 January 2022	5,228	38,827	236,378	280,433
	═══════	═════════	══════════	══════════
At 31 January 2021	2,783	47,812	254,711	305,306
	═══════	═════════	══════════	══════════

22

Kef Kids

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2022

15. Debtors

15.	Debtors
		2022	2021
		£	£
	Prepayments and accrued income	35,725	25,000
	Other debtors	6,119	–
		─────────	─────────
		41,844	25,000
		═════════	═════════
16.	Cash and cash equivalents
	Cash and cash equivalents comprise the following:
		2022	2021
		£	£
	Cash at bank and in hand	476,131	512,227
	Bank overdrafts	(893)	–
		──────────	──────────
		475,238	512,227
		══════════	══════════
17.	Creditors: amounts falling due within one year
		2022	2021
		£	£
	Bank loans and overdrafts	893	–
	Trade creditors	35,076	17,912
	Accruals and deferred income	5,983	5,400
		─────────	─────────
		41,952	23,312
		═════════	═════════

18. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £318 (2021: £193).

23

Kef Kids

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2022

19. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
	At 1 Feb				At
	2021	Income	Expenditure	Transfers	31 Jan 2022
	£	£	£	£	£
General funds	669,221	980,173	(1,042,938)	–	606,456
	=====================================	=====================================	=====================================	=====================================	=====================================
	At 1 Feb				At
	2020	Income	Expenditure	Transfers	31 Jan 2021
	£	£	£	£	£
General funds	505,484	783,953	(470,216)	150,000	669,221
	=====================================	=====================================	=====================================	=====================================	=====================================
Designated funds
	At 1 Feb				At
	2021	Income	Expenditure	Transfers	31 Jan 2022
	£	£	£	£	£
Building Fund	150,000	–	–	–	150,000
	=====================================	=====================================	=====================================	=====================================	=====================================
	At 1 Feb				At
	2020	Income	Expenditure	Transfers	31 Jan 2021
	£	£	£	£	£
Building Fund	–	–	–	150,000	150,000
	=====================================	=====================================	=====================================	=====================================	=====================================

There are an increasing number of applications to Kef Kids for places for residential schemes and procuring suitably equipped premises is both extremely challenging and expensive. The Trustees are of the opinion that the charity would hugely benefit from owning its own residential site configured and customised to its needs to enable it to operate more efficiently in the long term. The Trustees are currently in the process of engaging a team of advisors to put together a report in order to assess the feasibility of acquiring a building and are creating a designated fund for this purpose.

Restricted funds

Restricted funds
		At			At
	1	February			31 January
		2021	Income	Expenditure	2022
		£	£	£	£
Restricted Funds		–	14,069	(14,069)	–
		════	═════════	═════════	════
		At			At
	1	February			31 January
		2020	Income	Expenditure	2021
		£	£	£	£
Restricted Funds		–	59,703	(59,703)	–
		════	═════════	═════════	════

24

Kef Kids

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 January 2022

20. Analysis of net assets between funds

Analysis of net assets between funds
	General	Designated	Total Funds
	Funds	Funds		2022
	£			£
Tangible fixed assets	280,433	–		280,433
Current assets	367,975	150,000		517,975
Creditors less than 1 year	(41,952)	–		(41,952)
	──────────	──────────		──────────
Net assets	606,456	150,000		756,456
	══════════	══════════		══════════
	General	Designated		Total Funds
	Funds	Funds		2021
	£			£
Tangible fixed assets	305,306		–	305,306
Current assets	387,227	150,000		537,227
Creditors less than 1 year	(23,312)		–	(23,312)
	──────────	──────────		──────────
Net assets	669,221	150,000		819,221
	══════════	══════════		══════════
Analysis of changes in net debt
				At
	At 1 Feb 2021 Cash flows		31 Jan 2022
	£	£		£
Cash at bank and in hand	512,227	(36,096)		476,131
Bank overdrafts	–	(893)		(893)
	──────────	─────────		──────────
	512,227	(36,989)		475,238
	══════════	═════════		══════════

21. Analysis of changes in net debt

22. Related parties

There were no related party transactions during the period under review.

25