Charity No: 1180233 Company No: CE015329
SMILEY ARK KIDS
TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
SMILEY ARK KIDS 2024 ACCOUNTS
SMILEYARK KIDS
Report and Accounts for the period ended 31 August 2024
| CONTENTS | |
|---|---|
| Charity and Administrative Information | 3 |
| Trustees Annual Report | 4-6 |
| Accountant's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to Accounts | 10-12 |
| Income and Expenditure Account for the year | 13 |
Page 2 of 13
SMILEY ARK KIDS 2024 ACCOUNTS
SMILEYARK KIDS Charity and Administration Information
Charity Name
Smiley Ark Kids
Charity Registration Number
1180233
Trustees
Miss Georgina Salami (Chairperson, appointed September 2023) Mrs Susan Olusola Ikpefuran Mrs Omotayo Abosede Osoko Mr Adebayo Olumuyiwa Emanuel (former Chairperson, resigned February 2024) Mrs Mercy Danso (resigned December 2023)
Registered Address:
29 Cameron Drive Dartford Kent DA1 5GN
Bankers
Lloyds Bank 130 Broadway Bexleyheath London DA6 7DP
Independent Examiner
Gabriel Christopher & co Suite 13, Forest House 8 Gainsborough Road London E11 1HT
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SMILEY ARK KIDS 2024 ACCOUNTS
SMILEYARK KIDS
Report of the Trustees for the year ended 31 August 2024
Our Aims and Objectives
Purpose and Aims
The objects of the charity are:
To advance and provide facilities for education, training, social welfare, recreation, and other leisure time activities with the object of improving the conditions and quality of life of children, youths, and families in the London Borough of Bexley, and surrounding areas.
The organisation has been providing a service in the community since 2004 to local disadvantaged families, elderly members (70+) of the family, vulnerable children, young people and supporting parents back into work and education. The organisation continues to provide children and young adults with enriching activities adopting a holistic approach to meeting users’ needs.
The organisation currently carries out its purposes by offering breakfast and after school club activities, parenting training, advice and support, holiday clubs for children in underserved locations in a variety of schools during the academic school term.
During the holiday seasons, we deliver the Holiday Activities & Food (HAF) programme, and various enrichment activities and fun-themed holiday clubs to local disadvantaged families and children on free school meals, children and young people including children with disabilities (SEND). During the year, we worked in partnership with local organisations, community organisations, housing associations, local authorities, and schools.
Community engagements have also been enhanced with the “SmileyArk Foodbank” initiative which has continued to serve local disadvantaged families, low-income families, families with vulnerable children and adults with food parcels delivered to their doorsteps especially during the pandemic (COVID-19). This food bank initiative has continued to be offered as part of the charity’s core activities, also partnering with other voluntary groups and individuals, due to increasing and continuing demands from benefiting families especially in light of rising cost of living economic crisis. During this financial year, this initiative through collaboration with the Neighbourly food scheme received food donations, toiletries donations, etc across 11 stores including superstores like M&S, Lidl, Aldi, providing over 30,000 meals (over 12.5 total tonnage of food) delivered to the beneficiaries.
Our Youth Club, “SAY!” is a young people-led group, which aspires to develop positive young citizens through enrichment activities and raising aspirational goals. Enrichment activities include various volunteering opportunities in the community, career guidance, creative arts, learning and developing new skills such as leadership, organization, and time management skills. SAY! also has a football club called BLANCO FC who have regular matches and tournaments.
As a BAME-led organisation, we provide relevant support to schools and their BAME community, fostering the wellbeing of their children and young people, being a voice for the BAME parents where required, giving parenting advice bearing in mind cultural differences and biases, support parents in returning to work, and their families especially new immigrants to the country. We work with families who are vulnerable, high risk (e.g., sickle cell diseases and disabilities) and have been directly impacted by the COVID-19 pandemic. We work to assist them in overcoming challenges and providing the much-needed support through the unprecedented times and recovery.
Ensuring Our Work Delivers Our Aims
The focus of our work servicing families in the Bexley and surrounding areas through provision of breakfast and afterschool care for families, working with local councils to deliver enrichment and fun clubs during school holidays, providing summer events with the councils - London Borough of Bexley & Royal boruough of Greenwich, working with food banks, and delivering food to families in need in the community.
SmileyArk has community members that make up the board of trustees who use and speak to our service users and people in the community at large.
Page 4 of 13
SMILEY ARK KIDS 2024 ACCOUNTS
SMILEYARK KIDS
Report of the Trustees for the year ended 31 August 2024
How Our Activities Deliver Public Benefit
Through helping the less privileged and vulnerable members of the society, and through the operation of a foodbank and and delivery of food parcels.
Who used and benefited from our Services?
School-aged children and their parents/carers, Local councils, other Children and their families, elderly people, and those who are vulnerable in the community.
Financial Review
Reserves Policy
The trustees have established the level of reserves (funds that are freely available) that the charitable should hold. Reserves are needed to bridge the gap between the charity's spending and receiving resources through parental fees and grants, Reserves are also held to cover emergency repairs and expenditure. The charity's policy is that the reserves held should be between six and nine months of the expenditure.
Principal Funding Sources
Aside from the income generated from fees from parents, the principal funding source for the charitable company is currently by way of grants from local authority, fund raising and public donations. Specifically for this accounting year, . grants were received for holiday clubs under the government’s HAF (Holiday and Food) scheme.
Investment Policy
The Charity has cash as set out in the Charity’s Balance Sheet. The objective of the investment policy is to invest cash at banks where the capital is protected. The Charity currently has a policy of keeping any surplus liquid funds in cash at banks where immediate access and security of funds is guaranteed.
Plans for Future Periods
The Charity plans to continue the activities outlined above in the forthcoming years subject to satisfactory funding arrangements. Smileyark Kids plans to continue gaining grounds in the community and be able to reach more families in the provision of food, childcare services, and other community events to help cater to their everyday needs as well as seek opportunities for growth where possible.
Structure, Governance and Management
Governing Document
Smileyark Kids was registered as a Charitable Incorporated Organisation (CIO) with the Charity Commission on 08 October 2018 (Charity No: 1180233).
Recruitment and Appointment of Trustees
Appointment of charity trustees
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1) Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
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2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
Trustees Induction and Training
The charity trustees will make available to each new charity trustee, on or before his or her first appointment: a) a copy of the current version of this constitution; and
b) a copy of the CIO’s latest Trustees’ Annual Report and statement of accounts.
Risk Management
The trustees are working on a Risk Management strategy which comprises:
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An annual review of the risks the charitable company may face.
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Its systems and procedures; and
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The impact of future funding and the financial implications on the organisation.
Page 5 of 13
SMILEY ARK KIDS 2024 ACCOUNTS
SMILEYARK KIDS
Report of the Trustees for the year ended 31 August 2024
Responsibilities of the Trustees
Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable trust as at the balance sheet date and of its incoming resources and applications of resources, including income and expenditure, for the financial year. In preparing those financial statements the Trustees should follow best practice and
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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Prepare the financial statements on the on-going basis unless it is inappropriate to presume that the charity will
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continue on that basis.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time financial position of the charity and enables them to ensure that the financial statements comply with Companies Act 2006. The Trustees 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.
Members of the Board of Trustees
Members of the Board of Trustees, and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 2.
In accordance with charity law, as trustees, we certify that:
So far as we are aware, there is no relevant information of which the charity's accountants are unaware; and as the trustees of the charity, we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information.
This report has been prepared,
By order of trustees:
Signature:
M ~~i~~ ss Taiye Georgina Salami (Jun 24, 2025 19:03 GMT+1) Email: georginasalami@googlemail.com Miss Taiye Georgina Salami Chairperson, Board of Trustees
24-Jun-2025
Date: _____
Page 6 of 13
SMILEY ARK KIDS 2024 ACCOUNTS
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SMILEYARK KIDS
I report on the accounts of the Trust for the period ended 31 August 2024, which are set out on pages 8 to 13.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER
The charity's trustees are responsible for the preparation of the accounts.
The charity's trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2012 (the 2012 act) and that an independent examination is needed.
It is my responsibility:
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to examine the account under section 145 of the 2012 Act;
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to follow the procedures laid down in the general Direction given by the Charity Commission under section 145(5)(b) of the 2012 Act; and
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to state whether particular matters have come to my attention
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and seeking explanations
from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2012 Act
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and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2012 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
A G Oyewole FCCA
Gabriel Christopher & co Chartered Certified Accountants Unit 13, Forest House 8 Gainsborough Road London E11 1HT
Page 7 of 13
SMILEY ARK KIDS 2024 ACCOUNTS
SMILEYARK KIDS
Statement of Financial Activities for the year ended 31 August 2024
| Notes Incoming Resources Incoming resources from generated funds: Charitable Activities 2 Grants and other income 3 Total Incoming Resources Resources Expended Charitable expenditure: Expenditure on charitable activities 4 Administrative and support cost 5 Management and governance costs: 6 Total Resources expended Net Incoming/(Outgoing) Resources for the year Net Movement in Funds 7 Total funds brought forward Total funds carried forward |
2024 2023 Unrestricted Restricted Total Total £ £ £ £ 119,237 - 119,237 157,967 - 53,460 53,460 55,140 |
|---|---|
| 119,237 53,460 172,697 213,107 |
|
| 103,112 46,536 149,648 143,955 30,337 6,924 37,261 48,750 1,200 - 1,200 1,200 |
|
| 134,648 53,460 188,108 193,905 |
|
| (15,412) - (15,412) 19,202 |
|
| (15,412) - (15,412) 19,202 196,053 - 196,053 176,851 |
|
| 180,642 - 180,642 196,053 |
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
Page 8 of 13
SMILEY ARK KIDS 2024 ACCOUNTS
SMILEYARK KIDS
Balance Sheet as at 31 August 2024
| SMILEYARK KIDS Balance Sheet as at 31 August 2024 |
|||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Fixed Assets | 10 | 743 | 6,717 | ||
| 743 | 6,717 | ||||
| CURRENT ASSETS | |||||
| Debtors and prepayment | 11 | 11,351 | 16,486 | ||
| Cash at bank and in hand | 214,410 | 207,277 | |||
| 225,761 | 223,763 | ||||
| CURRENT LIABILITIES | |||||
| Creditors: Amount falling due within a year | 12 | (29,526) | (18,129) | ||
| NET CURRENT ASSETS | 196,234 | 205,634 | |||
| 196,978 | 212,351 | ||||
| LONG TERM LIABILITIES | |||||
| Creditors: Amount falling due: | |||||
| After more than one year- unresctricted | 13 | (16,336) | (16,297) | ||
| NET ASSETS | 14 | 180,642 | 196,054 | ||
| Unrestricted | 15 | 180,642 | 196,054 | ||
| Restricted | 15 | - | - | ||
| TOTAL FUNDS | 180,642 | 196,054 |
Approved by the Trustees and Signed on their behalf:
Signature:
M ~~i~~ ss Taiye Georgina Salami (Jun 24, 2025 19:03 GMT+1)
Name: Miss Taiye Georgina Salami
Date: 24-Jun-2025
Page 9 of 13
SMILEY ARK KIDS 2024 ACCOUNTS
SMILEYARK KIDS
Notes to the financial statements for the period ended 31 August 2024
ACCOUNTING POLICIES
The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005) issued in March 2005 as modified for smaller charities.
1. INCOMING RESOURCES
These are recognised in full in the Statement of Financial Activities in the period in which they are received. Included are income from breakfast and after-school clubs run during school term time, donations and grant income received during the year and accounted for as unrestricted and restricted funds.
| 2. Income Charitable Activities 3. Other Income Grant Funding - SmileyArk Foodbank Grant Funding - Holiday Clubs |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2024 2024 2024 2023 £ £ £ £ 119,237 - 119,237 157,967 |
|---|---|
| 119,237 - 119,237 157,967 |
|
| Unrestricted Funds Restricted Funds Total Funds Total Funds 2024 2024 2024 2023 £ £ £ £ - - - 1,000 - 53,460 53,460 54,140 |
|
| - 53,460 53,460 55,140 |
During the year, the organisation obtained different grant funding for its charitable activities and other supporting initiatives like the SmileyArk Holiday Clubs from different donor organisations and government establishments primarily within the United Kingdom. Donations and grants were received from the following during the year:
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London Borough of Bexley for grants under the government’s Holiday and Food (“HAF”) Programme,
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Royal Borough of Greenwich for grants under the government’s Holiday and Food (“HAF”) Programme,
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The London Community Foundation,
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Mayor's Fund for London (MFL), and
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Charities Aid Foundation (CAF) America.
All grants obtained for different initiatives were fully expended during the financial year for the respective reasons they were obtained during the financial year.
COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECTS
This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material.
| 4. Charitable Activities Kids Clubs and Foodbank operations Wages and Salaries (incl. Holiday Clubs) Director's Renumeration Temporary Staff and Recruitment Staff Training and Other Staff Cost |
2024 2024 2024 2023 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ 13,335 17,064 30,399 22,950 44,028 21,732 65,760 70,118 31,100 4,900 36,000 32,535 13,840 2,840 16,680 17,351 809 - 809 1,002 |
|---|---|
| 103,112 46,536 149,648 143,956 |
Page 10 of 13
SMILEY ARK KIDS 2024 ACCOUNTS
5. Administrative and Support cost
| Premises Cost Software Advertising/ Promotional and Office Costs Bank Charges and Card repayment Telephone & internet charges Club Insurance Equipment expensed Motor expenses Finance cost Depreciation and amortisation Employer national insurance Employer pension 6. Governance Cost Accountancy fees |
2024 2024 2024 2023 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ 11,184 2,948 14,132 17,885 1,975 521 2,496 2,080 890 1,215 2,105 789 702 - 702 874 1,527 314 1,842 2,472 218 472 690 873 2,066 - 2,066 245 3,997 1,454 5,451 3,957 - - - 927 6,462 - 6,462 13,867 - - - 3,590 1,315 - 1,315 1,191 |
|---|---|
| 30,337 6,924 37,261 48,750 |
|
| 2024 2024 2024 2023 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ 1,200 - 1,200 1,200 |
|
| 1,200 - 1,200 1,200 |
7. NET MOVEMENT IN FUNDS FOR THE YEAR
| 7. NET MOVEMENT IN FUNDS FOR THE YEAR | |
|---|---|
| The net movement in funds for the year is stated after charging Depreciation & armotisation Accountancy fees Other accruals |
2024 2023 £ £ 6,462 13,867 1,200 1,200 - - |
| 7,662 15,067 |
10. FIXED ASSETS
| Cost At 1 September 2023 Additions in the year Disposals At 31 August 2024 Depreciation At 1 September 2023 Charge for the year At 31 August 2024 Net Book Value At 31 August 2024 At 31 August 2024 |
Computer equipment Motor Vehicle Furniture & Fittings Total £ £ £ £ 13,647 50,760 - 64,407 489 - - 489 - - - - |
|---|---|
| 14,136 50,760 - 64,896 |
|
| 12,852 44,838 - 57,690 540 5,922 - 6,462 |
|
| 13,393 50,760 - 64,153 |
|
| 743 - - 743 |
|
| 795 5,922 - 6,717 |
Computer equipment at cost includes restricted amount of £3,389.
Page 11 of 13
SMILEY ARK KIDS 2024 ACCOUNTS
| 11. Debtors: Amounts falling due within one year Debtors Prepayments |
2024 2023 £ £ 10,381 15,595 970 892 |
|---|---|
| 11,351 16,486 |
Debtprs are recognised at the settlement amount. Prepayments are values at the amount prepaid.
12. Creditors: Amounts falling due within one year
| Deferred Income Accruals Customer advance payment Other payables |
2024 2023 £ £ - - 28,618 13,260 622 2,171 286 2,698 |
|---|---|
| 29,526 18,129 |
13 Creditors: Amounts falling due after more than one year- unrestricted
| Other creditors- Customer deposits Project funds |
2024 2023 £ £ 10,117 10,077 6,220 6,220 |
|---|---|
| 16,336 16,297 |
14. Analysis of net assets between funds
| Tangible Fixed Assets Current Assets Current Liabilities Long-term Liabilities |
Unrestricted Restricted Total Funds Funds Transfers Funds 2024 2024 £ £ £ £ 743 - - 743 225,761 - - 225,761 (29,526) - - (29,526) (16,336) - - (16,336) |
|---|---|
| 180,642 - - 180,642 |
15. Movements in Funds
| 15. Movements in Funds | |
|---|---|
| Restricted Funds: Total Restricted Funds Unrestricted Funds: General Funds Total Unrestricted Funds |
At 1 September 2024 Incoming Resources Outgoing Resources At 31 August 2024 £ £ £ £ - 53,460 (53,460) - |
| - 53,460 (53,460) - |
|
| 196,053 119,237 (134,648) 180,642 |
|
| 196,053 119,237 (134,648) 180,642 |
15.1 UNRESTRICTED FUNDS
These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.
15.2 RESTRICTED FUNDS
Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.
Page 12 of 13
SMILEY ARK KIDS 2024 ACCOUNTS
SMILEYARK KIDS
Income and Expenditure Account for the year ended 31 August 2024
| SMILEYARK KIDS Income and Expenditure Account for the |
year ended 31 August 2024 | ||
|---|---|---|---|
| Income and endowments from: Charitable Activities Donations and Grants Less: Overheads Premises Costs Hire of premises Administrative expenses-General Software Advertising/ Promotional and Office Costs Bank charges & card repayment Telephone & internet charges Club Insurance Employer NI and Pension Equipment expensed Charitable Activities Club operations and foodbank direct cost Wages and Salaries Management allowance Temporary staff and recruitment Staff training and other staff cost Professional Fees Accountancy fees Support Costs Finance cost Depreciation & armortisation Motor expenses Net income/(expenditure) Total funds brought forward Surplus/(deficit) carried forward |
£ £ 14,132 14,132 2,496 2,105 702 1,842 690 1,315 2,066 11,215 30,399 65,760 36,000 16,680 809 149,648 1,200 1,200 - 6,462 5,451 11,914 |
2024 £ £ £ 119,237 53,460 172,697 17,885 17,885 2,080 789 874 2,472 873 4,781 245 12,114 22,950 70,118 32,535 17,351 1,002 143,956 1,200 1,200 927 13,867 3,957 18,751 188,108 (15,412) 196,053 180,642 |
2023 £ 157,967 55,140 |
| 213,107 193,905 |
|||
| 19,202 176,851 |
|||
| 196,053 |
Page 13 of 13
SmileyArk Kids -Accounts and Trustees Report for the year 31 August 2024
Final Audit Report
2025-06-24
Created: 2025-06-24 By: Busola Paul-Taiwo (enquiries@sapphire-consult.com) Status: Signed Transaction ID: CBJCHBCAABAAFILtgo7hG984r4Pdjc3ImsodTKY_oHZw
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