## **KEF KIDS COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 JANUARY 2024** **COMPANY REGISTRATION NUMBER: 10799455 CHARITY REGISTRATION NUMBER: 1176298** COHEN ARNOLD Chartered accountants New Burlington House 1075 Finchley Road London NW11 0PU Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Financial Statements** ## **Year ended 31 January 2024** ||**Page**| |---|---| |Trustees' annual report (incorporating the director's report)|**1**| |Independent auditor's report to the members|**13**| |Statement of financial activities (including income and expenditure|| |account)|**18**| |Statement of financial position|**19**| |Statement of cash flows|**20**| |Notes to the financial statements|**21**| Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Trustees' Annual Report (Incorporating the Director's Report)** ## **Year ended 31 January 2024** The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 January 2024. ## **Reference and administrative details** **Registered charity name** Kef Kids **Charity registration number** 1176298 **Company registration number** 10799455 **Principal office and registered** New Burlington House **office** 1075 Finchley Road London NW11 0PU **The trustees** Mr D B Fine Mr B Groszman Mr S J Halpern **Auditor** Cohen Arnold Chartered accountants & statutory auditor 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. ## **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. **1** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ ## **Year ended 31 January 2024** ## **Activities, 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 84 children and young adults across 3 divisions with over 200staff. **A winter residential scheme** for 69 children and young adults across 3 divisions and over 170 staff **Sunday activities** for up to 55 children and young adults with over 70 staff. **Boys only Sunday activities** geared at older campers (from 12) – 19 attendees with over 30 staff. **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 boxing clubs for boys and girls in a bespoke off-site premises with** qualified instructor **Buddy Programme –** staff offer extra regular support for KEF participants and also for siblings on a one-to-one basis. **Parent support group** offering various support and social 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. **Residential weekends** for 55 service users at the end of March – with a full programme of activities and entertainment - a welcome breather at the end of a long term. **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, receiving an OUTSTANDING rating at its inspection in August 2023 and again in August 2024. Having received consistently good ratings when previously registered as KEF, this reflects the progress that the charity has made to reach this level. **2** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ ## **Year ended 31 January 2024** KEF is now partnering with several other organisations to ensure that service users are benefitting from the range of support services available, and to minimise overlap of provision. In September 2024 an Impact Report was produced by Kef, reflecting the progress of the Charity over the previous 12 months. Please see the report below. **3** Docusign EnvelopÈ ID". C1E882DC-744E-45CC-A421-5217DF4A6242 A MESSAGE FROM THE EXECUTIVE COMMI￿££ Un￿ PAKE4KEF und lh2 enfftre communty Jf (Wrin￿0 cwmnmeni ond tk)Ih BIKE4KEF ar￿ IhrougtKxrt year. whth enab*5 U5 10 e￿i￿alse[v￿￿rr￿her￿t￿￿C0rnTr￿￿etol￿ke adrfference we r&Kh tr* e￿1 of aThfftr W5y trtor d￿llet￿ and InwMg At ¥EF. we Temui mb￿￿ by and proud of the f￿￿11￿ SUFWrt and swi to axh fomty r(w(thr. r￿kjrn9 a huge *e1oextaThYwr%rKereapprechJ￿ erencelo their lrfearKl¢knlnYtoc(y KEFSO r support Ywr SUFWt ths elirbp.etthiwf(vniI￿lDCOpeth￿WhC￿N￿￿IThjhrn2 rt pD￿t￿e for our dEthated teum ID pr￿￿￿ 20 drffe Thl51m￿Re￿portr(￿￿￿eQfKEF$hVNI9htsfrorntt [x￿¥earQr￿ thpvrtal drfferetKe th(rt￿Ett￿*e101he foDyknesLtty. c**of hohlights of trd5 WSI Wrth h￿f￿r1￿￿s￿ eTh*lng KEF loC￿lir￿10￿ bee￿￿rfarnfy weekend, loc* adrfferen FeE￿2O24.Wew￿ret￿l￿¥jta1Thplt￿42farnlE5 oweekwdityeihwinOmniry.s￿IfynglheKEFf0￿l fam1￿meMbE Besiw¢he5foros￿naT(￿. T￿￿oUlD￿ Oui iKent ot5fed mspechj) InAL¥LSt 2024. confirmirylhekw￿q￿Iryof0￿S0vreprOms eè)ny&SW￿GrttZm ShMU￿k￿chOnnl HolF OanryFi WHAT IS KEF? OUR VALUES onate& V, drfference ha[vne￿& fvierKJ5hip Docusign EnvelopÈ ID". C1E882DC-744E-45CC-A421-5217DF4A6242 OUR PROGRAMMES & SERVICES IJ Re￿￿en￿l camp5 &weekencts Holidryouhrys &pty5chem Buddie5 5cheFne Faml Porenisupport evenis events &buL*l￿S KEF THIS YEAR Its been d ￿5Y I brilliant year o+ KEFI OFsts4 Sdy thdt KEF itstan4ing S¢ mdny Ib)P￿ dm4 D mtmDfles 5tK>KEFSqmty M•JBts We ÈnjDye4 4 Idmily siaentldl wEekt￿ We4rÉ helping fdmil*& We look SofV4tyd dnDllw yedr of kEF. Docusign EnvelopÈ ID". C1E882DC-744E-45CC-A421-5217DF4A6242 A FAMILY SHABBOS WITH KEF 2024 Frornthe1rK)mentfaml￿se￿1eredlhehQI￿onF￿{ry[fftem to geol excrtement, fonfare and (rtIerT1￿. the hold came olwe ￿TIh a 5pKtt of knE. u￿enEtI￿1ng, 5UPW>rt care. RNnileslrom alldrfferenltxtyourKtswilhdfftrenlneed5arKI Orcur￿tance& entrLYed a Sp￿ arKI icxned t(y Ihacommon t￿￿￿-*he￿dOfKEF. (Jge and atxltty ron seam￿&£￿ IT￿ the start, with parents In WAKts￿P5. rno1￿ah0nol talks. Wwra1￿￿[ vethesand wmpering ses%h￿ Ihelrchldren enhwd arangeofexthlry ac￿￿TIeS week¥0 wos u deep￿ I￿e.￿n￿ng far e% put￿￿ni h&dlfficuiii0copi￿etheessencÈof￿Week￿dkn vths.buifeedbo(kfrcmlamil1ÈsvKssimptyrrund.bh)￿dry.￿1h eDtsetnphp￿yD9h0￿mV￿th￿Y￿ekWQhO5s1￿ry1hu￿d orKlitnpD¢teEItrEtn-trWJ5gv￿1hEt￿g￿i￿9o￿beI￿g[￿W)wSt fwity.ol bèing urK*IslCxxJ, Suppty￿ ond wceptÈd, ofbty otlÈknwowoyosaft￿￿￿-S(￿É1h￿K}th)nyh0¥@Ih￿jhtn f￿￿e. 0tlrte￿tyITKY￿11vJl￿eIMPD5￿- t￿ep￿LIe. .1 sc0n1h￿QR codEtovKytchu h￿h1￿￿ts￿lMtrThll 0￿F￿lY Shabb)SWlhKEF2024 ee Docusign EnvelopÈ ID". C1E882DC-744E-45CC-A421-5217DF4A6242 THE HEALING POWER OF OUR RESIDENTIAL RESPITE SCHEMES Porents of thI￿re￿ o oi5oblity are foced wrth signrficunt ¢noiieng rdored io the increDsed demonds of lor Iheir thi￿. o prolound imw¢t On￿e￿every40y1Nt>Qrtd lorrilylunctioning.The need for5UPWrt and resprte SerV￿lorIheSelOwni1￿5I5cr1tt(QI lo erKJkAelhem loprowdeccnhnuedcareforthwrlcvedone5. KEFSre&CSen￿1TesffjesCheThlSprOVl￿elhepOren1sarYJtQ[Nl1ESWiIh￿rylQI rEsffje and a chance lo rewin Iheirenergy. l14rded￿01ed. experienced. aDdtra1rked￿AUnteer5CndMed￿aI leoMe￿Uret￿lQll(OreQn￿medtcol dThdsi￿$fQrthe VOtEdo9egw5 andatxkl￿5 TThedialefomity IneMbe￿bpnets1e￿ mffjerre￿dern1101 areperth ee short filmfeM￿rIn9 KEFCe1ebr￿eS Docusign EnvelopÈ ID". C1E882DC-744E-45CC-A421-5217DF4A6242 SPOTLIGHT: OUR VOLUNTEERS - THE HEARTBEAT OF KEF Our volunteer5 are Ihe hE(tht of KEF and embk us to proknide so mL￿h supw for the ond their fom1￿. We hove 550 ¢Jweektybo51 rvojunteetst￿IUSth0ttheYg￿l￿s￿￿lr￿￿ty t￿4￿g of KEF wilh persoMI benefivs 100 gJch 05 IrKfeos•Y se￿£$￿e￿, 0 51wg 5erEse of furfilfflent gteater 5en5e of soc￿1 re4)Dn￿bIlrtY Vdunteefs are often ab￿ lo transfer the￿ unique eXpenE￿e1 to thEir r￿￿olOndpT￿51on￿l1￿e h￿Sorre$r1￿¥)1htr ￿￿01b￿￿ty t￿￿￿of(*￿tI￿ KEF(￿11￿￿0Ur ai lry*sdneed SPOTLIGHT: BOXING CLUBS- THE WAREHOUSE Th15yeorweveYedel¥hi£dtoho)o portrheredupwithlheworehouseto offerbo￿rwJSeSs10nsc￿dICatedforIheY0UngPp0Ple (rtXEF EoyJru15a funwoyiogetsomeexercise and1ryrCweph￿1calheQhhcndfitne5S0 releosestresSinQ sofeond Thewarehou5e15anon?rofitccfftmuntyproiertdesvJr￿Èoernp0wer membetsoflhecommvnrtyto iokechtygeoverithiphy51cd￿amtnt We￿bEIng￿rOUghQFUr￿e0tSe￿-defer￿eandWe￿rnesscDufSeS Docusign EnvelopÈ ID". C1E882DC-744E-45CC-A421-5217DF4A6242 BIKE4KEF 2024 KE4KEF $ the tr)nU￿ ifft of Ihe tryntnunty io com& to ri*. fur¥Jrt¥* rwiKEF wr¥ sk)wn. "nME4KEF,' highhghted the fwhiftKetgJ nolLTeof KEF. woMdingftJmilie50f ttHkJreri ih d15atxlrtie5 ￿T￿h e55enknal MME for re5FXte. O Inuedi￿e arrTV of generou* gNe of Ih ME, prowdirvJthettMktrenwi1hTIMEforfun.fri￿KtsIHP and￿F￿￿. Iwle In 11%5 rKle. Tow￿r. Ihey [￿￿ed more than 21,(X￿n. each siroke swtmxri KEF.The ccxYwYMxtysuppmond were FXJlw￿e. both lea(SrvJ ￿10 eventand on Ihe d(ry se￿. re￿1Th] In on Imyegsi¥* ra￿ed frcm uver12.OCM)unmo1thedthnallons We exter*1 heartfeh lo every* vjho contriwed tr*r time to eKE4KEF. L$ 10 TIME4KEF: A COMMUNITY CELEBRATION OF KEF ee anthisQRcodetowolch ourTIK4E4KEFcompoi9nwdeo hlghlthlngKEF¥imw Docusign EnvelopÈ ID". C1E882DC-744E-45CC-A421-5217DF4A6242 WAYS TO SUPPORT KEF Imp¢xl.. ￿￿k ￿ lo cor IncI￿ry KEF In gyt to ¥EF. vll hap oriekbthrL Fundra￿efr5rU5'.￿cQnSuppthQ￿dOthrySe .eb%teM¥wkpfvd5.iygOF￿an herE ONGOING SUPPORT! We are indebied to our stolf. volunteers and supporters who together keep KEF going. Your support makes it P¢Ssible f•r us to rÈa¢h morè peoplè In even more ways - and we can only achieve all this because of you. T,HANK YOU! THE KEFCENTRE Arbiier House wil￿rforCe Roc* Lor￿OnN￿￿6Ax 020 82058135 R￿4Stered(hQtty￿ 1176238 wwkelkid50rg FQLLOW US QN SOCIAL MEDIA @*•tklds O @kef klds t kld5 io Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ ## **Year ended 31 January 2024** ## **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 have created 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 2024 the charity had unrestricted funds of £833,932 and restricted funds of £4,584. Free reserves, which are the charity's unrestricted net current assets, was £251,323. This covers 2.5 months running costs. ## **Trustees' responsibilities statement** The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. - In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the applicable Charities SORP; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. **11** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ ## **Year ended 31 January 2024** ## **Auditor** Each of the persons who is a trustee at the date of approval of this report confirms that: - so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and - they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. ## **Small company provisions** This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees' annual report was approved on 3 December 2024 and signed on behalf of the board of trustees by: **Mr B Groszman** Trustee **12** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Independent Auditor's Report to the Members of Kef Kids** ## **Year ended 31 January 2024** ## **Opinion** We have audited the financial statements of Kef Kids (the 'charity') for the year ended 31 January 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the charity's affairs as at 31 January 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. **13** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Independent Auditor's Report to the Members of Kef Kids** _**(continued)**_ ## **Year ended 31 January 2024** ## **Other information** The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the trustees' report has been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report. **14** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Independent Auditor's Report to the Members of Kef Kids** _**(continued)**_ ## **Year ended 31 January 2024** ## **Responsibilities of trustees** As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. ## **Auditor's responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements. We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with the laws and regulations. We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks. We assessed the susceptibility of the charity's financial statements to material misstatement due to noncompliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation phases stages of our audit. The susceptibility to such material misstatement was determined to be low. Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items. **15** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Independent Auditor's Report to the Members of Kef Kids** _**(continued)**_ ## **Year ended 31 January 2024** As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. - Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. **16** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Independent Auditor's Report to the Members of Kef Kids** _**(continued)**_ ## **Year ended 31 January 2024** ## **Use of our report** This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. ## **David Goldberg (Senior Statutory Auditor)** For and on behalf of Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU 3 December 2024 **17** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Statement of Financial Activities (including income and expenditure account)** ## **Year ended 31 January 2024** ||||**2024**||2023| |---|---|---|---|---|---| |||Unrestricted|Restricted||| |||funds|funds|**Total funds**|Total funds| ||**Note**|**£**|**£**|**£**|£| |**Income and endowments**|||||| |Donations and legacies|**5**|1,105,032|120,173|1,225,205|936,346| |Charitable activities|**6**|242,964|–|242,964|255,838| |Investment income|**7**|3,075|–|3,075|421| |||-----------------------------------------------|-------------------------------------|-----------------------------------------------|-----------------------------------------------| |**Total income**||1,351,071|120,173|1,471,244|1,192,605| |||===============================================|=====================================|===============================================|===============================================| |**Expenditure**|||||| |Expenditure on raising funds:|||||| |Costs of raising donations and|||||| |legacies|**8**|186,275|–|186,275|229,508| |Expenditure on charitable activities|**9,10**|1,238,263|15,589|1,253,852|916,738| |||-----------------------------------------------|-------------------------------------|-----------------------------------------------|-----------------------------------------------| |**Total expenditure**||1,424,538|15,589|1,440,127|1,146,246| |||===============================================|=====================================|===============================================|===============================================| |||-----------------------------------------------|-------------------------------------|-----------------------------------------------|-----------------------------------------------| |**Net income/(expenditure)**||(73,467)|104,584|31,117|46,359| |||===============================================|=====================================|===============================================|===============================================| |Transfers between funds|**20**|100,000|(100,000)|–|–| |||-----------------------------------------------|-------------------------------------|-----------------------------------------------|-----------------------------------------------| |**Net movement in funds**||26,533|4,584|31,117|46,359| |**Reconciliation of funds**|||||| |Total funds brought forward||802,815|–|802,815|756,456| |||-----------------------------------------------|-------------------------------------|-----------------------------------------------|-----------------------------------------------| |**Total funds carried forward**||829,348|4,584|833,932|802,815| |||===============================================|=====================================|===============================================|===============================================| 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 21 to 30 form part of these financial statements.** **18** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Statement of Financial Position** ## **31 January 2024** |||**2024**|2023| |---|---|---|---| ||**Note**|**£**|£| |**Fixed assets**|||| |Tangible fixed assets|**15**|378,025|350,022| |**Current assets**|||| |Debtors|**16**|41,784|46,951| |Cash at bank and in hand||473,211|438,424| |||-------------------------------------|-------------------------------------| |||514,995|485,375| |**Creditors: amounts falling due within one year**|**18**|59,088|32,582| |||-------------------------------------|-------------------------------------| |**Net current assets**||455,907|452,793| |||-------------------------------------|-------------------------------------| |**Total assets less current liabilities**||833,932|802,815| |||-------------------------------------|-------------------------------------| |**Net assets**||833,932|802,815| |||=====================================|=====================================| |**Funds of the charity**|||| |Restricted funds||4,584|–| |Unrestricted funds||629,348|602,815| |Designated funds||200,000|200,000| |||-------------------------------------|-------------------------------------| |**Total charity funds**|**20**|833,932|802,815| |||=====================================|=====================================| 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 3 December 2024, and are signed on behalf of the board by: **Mr B Groszman** Trustee **The notes on pages 21 to 30 form part of these financial statements.** **19** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Statement of Cash Flows** ## **Year ended 31 January 2024** |||**2024**|2023| |---|---|---|---| ||**Note**|**£**|£| |**Cash flows from operating activities**|||| |Net income/(expenditure)||31,117|46,359| |_Adjustments for:_|||| |Depreciation of tangible fixed assets||35,110|10,154| |Other interest receivable and similar income||(3,075)|(421)| |Interest payable and similar charges||927|432| |Accrued expenses||3,060|600| |_Changes in:_|||| |Trade and other debtors||5,167|(5,107)| |Trade and other creditors||23,446|(9,322)| |||-------------------------------|-------------------------------| |Cash generated from operations||95,752|42,695| |Interest paid||(927)|(432)| |Interest received||3,075|421| |||-------------------------------|-------------------------------| |Net cash from operating activities||97,900|42,684| |||===============================|===============================| |**Cash flows from investing activities**|||| |Purchase of tangible assets||(130,214)|(79,743)| |Proceeds from sale of tangible assets||67,101|–| |||-------------------------------------|-------------------------------| |Net cash used in investing activities||(63,113)|(79,743)| |||=====================================|===============================| |**Net increase/(decrease) in cash and cash equivalents**||34,787|(37,059)| |**Cash and cash equivalents at beginning of year**||438,179|475,238| |||-------------------------------------|-------------------------------------| |**Cash and cash equivalents at end of year**|**17**|472,966|438,179| |||=====================================|=====================================| **The notes on pages 21 to 30 form part of these financial statements.** **20** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** ## **Year ended 31 January 2024** ## **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 New Burlington House, 1075 Finchley Road, London, NW11 0PU. ## **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. **21** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 January 2024** ## **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, noncharitable 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. **22** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 January 2024** ## **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 2036)| ## **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. **23** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 January 2024** ## **3. Accounting policies** _**(continued)**_ ## **Financial instruments** _**(continued)**_ 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. 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). **24** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 January 2024** ## **5. Donations and legacies** |**5.**|**Donations and legacies**||||| |---|---|---|---|---|---| ||||Unrestricted|Restricted|**Total Funds**| ||||Funds|Funds|**2024**| ||||£|£|**£**| ||**Donations**||||| ||Donations||1,105,032|112,084|1,217,116| ||**Grants**||||| ||Grants receivable||–|8,089|8,089| ||||-----------------------------------------------|-------------------------------------|-----------------------------------------------| ||||1,105,032|120,173|1,225,205| ||||===============================================|=====================================|===============================================| ||||Unrestricted|Restricted|Total Funds| ||||Funds|Funds|2023| ||||£|£|£| ||**Donations**||||| ||Donations||905,120|13,801|918,921| ||**Grants**||||| ||Grants receivable||–|17,425|17,425| ||||-------------------------------------|-------------------------------|-------------------------------------| ||||905,120|31,226|936,346| ||||=====================================|===============================|=====================================| |**6.**|**Charitable activities**||||| |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |||Funds|**2024**|Funds|2023| |||£|**£**|£|£| ||Parental contributions|242,964|242,964|255,838|255,838| |||=====================================|=====================================|=====================================|=====================================| |**7.**|**Investment income**||||| |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |||Funds|**2024**|Funds|2023| |||£|**£**|£|£| ||Bank interest receivable|3,075|3,075|421|421| |||==========================|==========================|================|================| |**8.**|**Costs of raising donations and legacies**||||| |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |||Funds|**2024**|Funds|2023| |||£|**£**|£|£| ||Costs of raising donations and legacies||||| ||- Donations|186,275|186,275|229,508|229,508| |||=====================================|=====================================|=====================================|=====================================| **25** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 January 2024** ## **9. Expenditure on charitable activities by fund type** ||||Unrestricted|Restricted|**Total Funds**| |---|---|---|---|---|---| ||||Funds|Funds|**2024**| ||||£|£|**£**| ||Recreational activities and residential camps for||||| ||children with special needs||1,225,232|15,589|1,240,821| ||Support costs||13,031|–|13,031| ||||-----------------------------------------------|-------------------------------|-----------------------------------------------| ||||1,238,263|15,589|1,253,852| ||||===============================================|===============================|===============================================| ||||Unrestricted|Restricted|Total Funds| ||||Funds|Funds|2023| ||||£|£|£| ||Recreational activities and residential camps for||||| ||children with special needs||872,684|31,226|903,910| ||Support costs||12,828|–|12,828| ||||-----------------------------------------------|-------------------------------|-----------------------------------------------| ||||885,512|31,226|916,738| ||||===============================================|===============================|===============================================| |**10.**|**Expenditure on charitable activities by activity type**||||| |||Activities|||| |||undertaken||**Total funds**|Total fund| |||directly Support costs||**2024**|2023| |||£|£|**£**|£| ||Recreational activities and residential||||| ||camps for children with special needs|1,240,821|–|1,240,821|903,910| ||Governance costs|–|13,031|13,031|12,828| |||-----------------------------------------------|-------------------------------|-----------------------------------------------|-----------------------------------------------| |||1,240,821|13,031|1,253,852|916,738| |||===============================================|===============================|===============================================|===============================================| |**11.**|**Net income/(expenditure)**||||| ||Net income/(expenditure) is stated after|charging/(crediting):|||| |||||**2024**|2023| |||||**£**|£| ||Depreciation of tangible fixed assets|||35,110|10,154| |||||===============================|===============================| |**12.**|**Auditors remuneration**||||| |||||**2024**|2023| |||||**£**|£| ||Fees payable for the audit of the financial statements|||6,600|6,600| |||||==========================|==========================| **26** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 January 2024** ## **13. Staff costs** The total staff costs and employee benefits for the reporting period are analysed as follows: ||**2024**|2023| |---|---|---| ||**£**|£| |Wages and salaries|69,009|64,964| |Social security costs|–|197| |Employer contributions to pension plans|1,206|1,486| ||-------------------------------|-------------------------------| ||70,215|66,647| ||===============================|===============================| |The average number of employees during the year is analysed as follows:||| ||**2024**|2023| ||**No.**|No.| |Number of staff|4|4| ||================|================| No employee received employee benefits of more than £60,000 during the year (2023: Nil). ## **14. 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. ## **15. Tangible fixed assets** ||||||Leasehold|| |---|---|---|---|---|---|---| ||Freehold|Fixtures|Motor||property|| ||property|and fittings|vehicles|Equipment|
improvements|**Total**| ||£|£|£|£|£|**£**| |**Cost**||||||| |At 1 Feb 2023|67,101|7,842|65,782|12,642|
387,173|540,540| |Additions|–|11,581|–|–|
118,633|130,214| |Disposals|(67,101)|
–|–|–|
–|(67,101)| ||-------------------------------|-------------------------------|-------------------------------|-------------------------------|-------------------------------------|-------------------------------------| |**At 31 Jan 2024**|–|19,423|65,782|12,642|
505,806|603,653| ||===============================|===============================|===============================|===============================|=====================================|=====================================| |**Depreciation**||||||| |At 1 Feb 2023|–|4,182|31,369|4,172|
150,795|190,518| |Charge for the||||||| |year|–|3,616|4,414|4,172|
22,908|35,110| ||-------------------------------|-------------------------------|-------------------------------|-------------------------------|-------------------------------------|-------------------------------------| |**At 31 Jan 2024**|–|7,798|35,783|8,344|
173,703|225,628| ||===============================|===============================|===============================|===============================|=====================================|=====================================| |**Carrying**||||||| |**amount**||||||| |**At 31 Jan 2024**|–|11,625|29,999|4,298|
332,103|378,025| ||===============================|===============================|===============================|===============================|=====================================|=====================================| |At 31 Jan 2023|67,101|3,660|34,413|8,470|
236,378|350,022| ||===============================|===============================|===============================|===============================|=====================================|=====================================| **27** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 January 2024** ## **16. Debtors** |**Debtors**||| |---|---|---| ||**2024**|2023| ||**£**|£| |Prepayments and accrued income|40,000|37,500| |Other debtors|1,784|9,451| ||-------------------------------|-------------------------------| ||41,784|46,951| ||===============================|===============================| |**Cash and cash equivalents**||| |Cash and cash equivalents comprise the following:||| ||**2024**|2023| ||**£**|£| |Cash at bank and in hand|473,211|438,424| |Bank overdrafts|(245)|(245)| ||-------------------------------------|-------------------------------------| ||472,966|438,179| ||=====================================|=====================================| |**Creditors:** **amounts falling due within one year**||| ||**2024**|2023| ||**£**|£| |Bank loans and overdrafts|245|245| |Trade creditors|48,601|25,053| |Accruals and deferred income|9,660|6,600| |Other creditors|582|684| ||-------------------------------|-------------------------------| ||59,088|32,582| ||===============================|===============================| ## **17. Cash and cash equivalents** ## **18. Creditors: amounts falling due within one year** ## **19. 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 £1,206 (2023: £1,486). **28** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 January 2024** ## **20. Analysis of charitable funds** ## **Unrestricted funds** |**Unrestricted funds**|||||| |---|---|---|---|---|---| ||At||||**At**| ||1 February||||**31 January**| ||2023|Income|Expenditure|Transfers|**2024**| ||£|£|£|£|£| |General funds|602,815|1,351,071|(1,424,538)|100,000|629,348| ||=====================================|===============================================|===============================================|=====================================|=====================================| ||At||||At| ||1 February||||31 January| ||2022|Income|Expenditure|Transfers|2023| ||£|£|£|£|£| |General funds|606,456|1,161,379|(1,115,020)|(50,000)|602,815| ||=====================================|===============================================|===============================================|================|=====================================| |**Designated funds**|||||| ||At 1 Feb||||**At**| ||2023|Income|Expenditure|Transfers|**31 Jan 2024**| ||£|£|£|£|**£**| |Building Fund|200,000|–|–|–|**200,000**| ||=====================================|=====================================|=====================================|=====================================|=====================================| ||At 1 Feb||||At| ||2022|Income|Expenditure|Transfers|31 Jan 2023| ||£|£|£|£|£| |Building Fund|150,000|–|–|50,000|200,000| ||=====================================|=====================================|=====================================|=====================================|=====================================| 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**| |||2023|Income|Expenditure|Transfers|**2024**| |||£|£|£|£|£| |Restricted Funds||–|120,173|(15,589)|(100,000)|
4,584| |||================|=====================================|===============================|=====================================|==========================| |||At||||At| ||1|February||||31 January| |||2022|Income|Expenditure|Transfers|2023| |||£|£|£|£|£| |Restricted Funds||–|31,226|(31,226)|–|–| |||================|===============================|===============================|================|================| Transfer between funds relates to fixed assets additions which were financed by restricted donations. It is the policy of the charity to transfer such donations to unrestricted funds once they have been spent. **29** Docusign Envelope ID: C1E882DC-744E-45CC-A421-5217DF4A6242 ## **Kef Kids** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 January 2024** ## **21. Analysis of net assets between funds** |**Analysis of net assets between funds**|||| |---|---|---|---| ||Unrestricted|Restricted|**Total Funds**| ||Funds|Funds|**2024**| ||£|£|**£**| |Tangible fixed assets|378,025|–|378,025| |Current assets|510,411|4,584|514,995| |Creditors less than 1 year|(59,088)|–|(59,088)| ||-------------------------------------|--------------------------|-------------------------------------| |**Net assets**|829,348|4,584|833,932| ||=====================================|==========================|=====================================| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2023| ||£|£|£| |Tangible fixed assets|350,022|–|350,022| |Current assets|485,375|–|485,375| |Creditors less than 1 year|(32,582)|–|(32,582)| ||-------------------------------------|----------------|-------------------------------------| |**Net assets**|802,815|–|802,815| ||=====================================|================|=====================================| |**Analysis of changes in net debt**|||| ||At||**At**| ||1 Feb 2023|Cash flows|**31 Jan 2024**| ||£|£|**£**| |Cash at bank and in hand|438,424|34,787|473,211| |Bank overdrafts|(245)|–|(245)| ||-------------------------------------|-------------------------------|-------------------------------------| ||438,179|34,787|472,966| ||=====================================|===============================|=====================================| ## **22. Analysis of changes in net debt** ## **23. Related parties** There were no related party transactions during the period under review. **30**