KIDSBANK CHESTER FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 Charfty Number: 1190234 Company Number: CE022385 SIDERY & CO Chartered Accountant Independent Examiner 7 Blacon Point Road, Chester, CHI 5LD KIDSBANK CHESTER FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2025 CONTENTS PAGES Legal and administrative information Report of the Trustees Report of the Chairman 3to4 Report of the independent examiners Statement of financial actNities Balance sheet Notes to the flnanclal statements 8toll Page I KIDSBANK CHESTER LEGAL AND ADMINISTRATIVE INFORMATION Charlty re8lstered number Company registered number 1190234 CE022385 Registered 3rd July 2020 Governing instrument CIO Foundation dated 3rd July 2020 Trustees Michael Denby {Chairl (Appointed 23rd April 20241 Laura Bellis {Vice-Chairl (Co-chair to 31st March 20251 Joanna K Nutt (Treasurer) {Co-Chair to 31st March 20251 Chrlstine Howse (Secretary) Danielle Millington Katie Henderson {Appointed 23rd April 20241 Kate Mylchreest (Appointed 23rd April 2024} Nicholas J Pettingale IResi8ned 2nd July 20241 Catherine Pettingale {Res18ned 26th March 20241 Suzannah Flack (Resigned 25th March 20251 Founder Catherine Pettingale Reglstered Offlce 21 Garden Lane Chester CH14EU Independent Examlner Gerald Sidery ACA Sidery & Co Chartered Accountant 7 Blacon Point Road Chester. CHI 5LD Pa8e 2 KIDSBANK CHESTER REPORT OF THE TRUSTEES FOR THE 12 MONTHS ENDED 31st MARCH 2025 The trustees present their report and the financial statements of KidsBank Chester for the year ended 31st Mèrch 2025. The trustees have adopted the prowsions of thè Statement of Recommended Practice ISORPI Attounting und Reporting by Chorities (FRS 102) in preparing the annual report and the financial statements of the charity. CONSTITUTION KldsBank Chester was formed on 3nl July 2020 as a ao Foun(Jatlon STRucfuRE. GOVERNANCE AND MA14AGEMENT The charity 15 controlled by the trustees. At regular meetrngs, the trustees agree the broad strategy and areas of activity for the charity, in¢ludin8 ¢onsideraiion of grant making, reserve5 and risk management polides and perforrnance. The trustees keep their skill requirements under review and in the event that o trustee retires oi additional new trustees are required. they will seek out someone who is able to bring in the needed expertise. The appointment L5 the deCI￿On of the k￿ard. PUBLIC BENEFIT AND PRINCIPAL ACTNITY KldsBank Chester is a chadty which alms to help. support. relleve and prevent poverty among soclally and / or economically disadvantaged families liwng within a 20 mlle radlus of Chester who are unable to provide basic equipment. consumables, clothing and toys for babies and children a8ed up to 12 years old. This Is carried out by supplyin8 them with new and recycled Items free of charge and providing a SIgn￿St[ng servlce, where relevant. to other professlonal or8anisations who may be able to aSSi5t them with needs arising from their soclal and economic disadvantage. SUMMARY OF FINANCIAL ACTMflES KidsBank Chester had an income of £152,253 In the year. This Sncludes grants totaling £46,190 towards salary costs and £26,61XI in grants towards stock & referral item5. It had expenditure of £159,387 whlch glves a small deficit for the year of £7.134. At the end of the year the Restricied Funds We￿ £40,375 which is restricted to pay for future stock purchasess projects and salary costs. There are Designated funds of £35.650 of which £27,C(K) 15 earmarked for future operatlng Costs as part of its Reserves Policy. RESERVES POLICY The trustees consider that liquid reserves should represent at least months, of admSnlstratlve expenditure. RISK MANAGEMENT The trustees have drawn up a risk map detailing major ri5k5 to which Kid5Bank 15 eyposed. They have revlewed those risks and have established 5y5tems and procedures to manage them. By order of the board Michael Denby Chair Dated-. 21st October 2025 Page 3 KIDSBANK CHEsfER REPORT OF THE CHAIR FOR THE YEAR ENDED 31st MARCH 2025 BuHdlnq on thepast and se* ourfvture In 2024 we entered the year buildin8 on the foundations laid in the previous 12 month5 and continued to grow and develop. We must thank our fellow Trustees for their tireless contribution to the governance, oversight and smooth running of KidsBank. To say that we are busy IS a huge understatement as we see, first-hand. the devastating effects of the 'cost of Ilvin¥ crlsis, even on families in employment and with a Stea￿ income. Since our first referral in May 2019. we have processed 4,878 referrals, provlng that the service that KidsBank provides has never been more needed. This is borne o¥Jt by the Increase in items glfted from one family to another- More than 348,716 to 310ecember 2024. KldsBank SeThlce Pmision: we continue to seple children from ￿12-year olds. indudlng Increasln8 our support with unrform and 8rfts at Christmas. from the KidsBank Hub in the eentre of Chester which continues to be an increasing hive of activity. We continue to build a strong staff team le(1 by Dee Denton who took on the role of CEO on Cath￿5 retirement. Katie KnotL our Hub Manager In Chester continues to Iwk after our volunteers and was Jolned by Nlkkl Smlth In January as we prepare to open our Fllntshire Hub in Mold later in 2025. Becky Kenton Continues to manage the Uniform and Christmas Projects and the community Pop-ups. The team was further St￿ngthene￿ in September when we employed Vlcky Reeve as Operatlons Assistsnt to support the Hub and Project Managers. We sald goodbye to Nlck In July who, after supporting Cathy in the amazing work she began at Klds8ank, and then supporting Dee in her tran51tion into CEO. felt it was time for him to Joirb Cathy In retirement. We thank hlm for everythin8 and wish him all the bestl This year our'one More Giff Christmas campaign saw 1,845 local children receive presents. with over 18.CMYJ gifts being given to all members of the household including older teens and a gift for the adults too. We fully expert this number to 8row a8ain this year. Our unifomi bank gave out 4,306 items to 584 children across IOS schools. KidsBump lour matern￿¥ wearl has proved very popular too. KidsBank Pop-ups a￿ now an integral part of our Service. sitting alon85ide local food banks, they provide face to face contact with the recipients of our support, whilst rooting us Sn the local communitles that we serve. Kids8ank profile and reath: in response to increased need we find our serwces in demand across Cheshire and into Ellesmere Port and Flintshire. The Unifom and Christmas projects have continued to operate from the Ellesmere Port Hub. Recognisin& however, the increased need to cover both Cheshire West & Chester and Flintshire, we are working toward5 opening a Flintshire Hub in Mold, freeing up valuable space in the Chester Hub. Page 4 KIDSBANK CHESTER REPORT OF THE CHAIR {contlnued} Social Media continues to be a vseftjl plarform for our 'story telling, bringing heightened awareness of both need and solution. Facebook: 7,700 followers thstagram: 1.865 followersL7 We regularly have volunteers from local bu5ine55e5, both helping the Hub, on the projects and helplng to raise vltal funds. KldsBank an Integral servlce: Our professional referral system means that families have to reconnert with thelr wider SUPPOrt network and gives US the reassurance that a'family in need, is on the radar of other service providers. We have more than 250 referral partners- these include the NHS, Soclal Servlce5, the Poli￿, schools and other local charities. We continue to rely upon the outstanding commitment of our volunteers, good quallty donations from the public and the financial support of grant making bodies and charitable foundations. Ourvolunteers have 8iven 5,366 hours of their time this year. we couldn't do what we do without them. Like many small charities who provide essential servlces, we are always under pressure to attract financial sUPPOrt. As the needs in society grow and the financial crisis continues to bite there are more charities chasln8 SUPPOrt from smaller funds who themselves are having to narrow the criteria for their support. We often comment that without our donors, volunteers and funders where would the families 80 for the loving support that Kids8ank provides. We thank everyone of you who has enabled us to be here for the past year and trust that whilst there is a need there will be a KldsBank. Mlchael Denby Chair of Trustees Date: 21st October 2025 Page 5 KIDSBANK CHESTER INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS I report on the accounts of the Trust for the year ended the 31st March 2025, which are set out on pa8es 6 to 11. Responsibllltles and bas15 ol report As the charity trustees of the trust you are responsible for the preparation of the accounts in accordance with the requirement5 of the Charities Art 2011 {"the Act"). I report in respect of my examinatlon of the Trust's accounts carrled out under sertion 145 of the 2011 Act and in carryin8 Out my examination I have followed all the applicable Directions glven by the Charity Commission under settion 145151{bl of the Act. Independent examlner's statement Thé Charty's income did not exceed £250,(￿. l am qualified to undertake the examination by bein8 a qualified member of the Institute of Chartered Accountants In En8land & Wales. Independent exarnlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examlnation whlch gives me cause to bel]eve that in, any materlal respert: the accountln8 records were not kept in accordance with section 130 of the Charities Art; or the accounts did not accord with the accounting records: or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts 8tve a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across other matters in connection with the examination to which attention should be drawn in this rep)rt in order to enable a proper understanding of the accounts to be reached. Gerald J. Sidery ACA Sidery & Co Chartered Accountant5 7 Blacon Point Road Chester. CHI 5LD Dated 21st October 2025 Page 6 KIDSBANK CHESTER STATEMENT OF FINANCIAL AcnvmES YEAR ENDED 31st MARCH 2025 Note Unrestricted Fund5 Designated Funds Restricted Funds Totsb 20Z5 Tota15 2024 INCOMING RESOURCES Incorning re50urce5 from gÈnèrated funds: Voluntary income Grants received Sales of cloth 5nvestment income TOTAL INCOMING RESOURCES 63.5(M) 63,51XI 86,451 1,167 L135 152,253 13.661 72.790 79,024 1,665 1.167 1,135 65.802 13,661 72.790 125.098 RESOURCES EXPENDED Costs of 8eneratln8 fun(is Charltable attivities: Grants pald Adminlstratlon ¢osts Governance Costs TOTAL RESOURCES EXPENDED 16.022 16,022 11,151 377 94.136 1,629 96,142 13.674 14,051 127,685 1,6Z9 159.387 10.556 92,847 1.228 115.782 33.549 13,674 49,571 INCOMEIIEXPEMDITURE) FOR THE YEAR 130,3401 1131 23.219 17.1341 9,316 Transfer of funds 28.217 128,2171 Net movement In funds for the year 12.1231 1131 14.9981 {7,1341 9.316 Balances brought forward 20.283 35,663 45.373 101,319 92,003 8alances carrled forward 18,160 35.650 40.375 Y.185 101,319 The charity ha5 no recognised 8ains or105ses other than the results for the year as set out above. All the activities of the charlty are dassed as contlnuing. The notes on prfe$ 8 to 11 form ￿rtOtthe$e ftnanclal Staten￿Thts Page 7 KIDSBANK CHESTER BALANCE SHEEr AS AT 31st MARCH 2025 Note 2025 2024 FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand 728 97,038 102,666 97,766 102,666 CREDITORS: amounts falling due within one year io (3,581) (1,3471 NEf CURRENT ASSErs 94,185 101,319 NET ASSETS 94,185 101,319 FUNDS Unrestricted funds Designated Funds Restricted funds li ,160 35.650 40.375 20,283 35.663 45,373 TOTAL FUNDS 94,185 101,319 These financial statements were approved by the trustees on 21st October 2025 and are slgned on their behalf by.. Michael Denb Chair The notes on pages 8 to 11 forni part of these finandal statements Page 8 KIDSBANK CHESTER NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 ACCOUNTING POUCIES Basls of Preparatlon The financial statements have been prepared under the historical cost convention, and in accordance with the Companies Act 2006, The Charities Act 2011, the Statement of Recommended Practice ISORP). "Accounting and Reporting by Charities {revised 21x15).. and the Financial Reporting Standard for Smaller Entities IFRSSE), effective April 2008. Fund accountln£ Unrestricted funds are general funds which are available for use at the discretion of the trustees In furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or whlch have been raised by the charity for particular purposes. The cost of raislng and admlnisteflng such funds are charged agalnst the speclftc fund. The alm and use of each restrlcted fund is set out In the notes to the financlal statements. Investment income and gains are allocated to the appropriate fund. Incomlng resources All incoming resour￿ are included in the statement of financial activities when the charity is legally entltled to the income and the amount can be quantified with reasonable accuracy. Donated services or facilities which comprfse donated servlces, are included In Income at a valuation which Is an estlmate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is reco8nised where there is no financial cost borne by a third party. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time of the investment income is received. No amounts are Included In the financlal statement for ser¥ices donated by volunteers. Page 9 KIDSBANK CHESTER NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 ACCOUNTING POLICIES Icontinued) Resour￿ expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attrlbuted to particular activitÈs they have been allocated on a basis consistent wlth the use of the resources, Fundraising costs are those Incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the company. Grants payable are charged in the year when the offer Is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attachln8 are fulfilled. Grants offered subject to conditlons which have not been met at the year end are noted as a commitment. but accrued as expenditure. Governance costs are those incurred in connection wlth administration of the charity and compliance with constitutional and statutory requirements. Tanglble fixed assets and depreclatlon Tangible fixed assets are stated at cost less depreclatlon. Assests are capitalised where the value of each individual asset exceeds £SCQ. Depreciation is provided at rates calculated to write off the cost of the fixed assets. less thelr estimated resldual value, over their expected useful lives on the following bases: Computer equipment- 33% straight line Fixtures & fittings - 25% stralght line VOLUNTARY INCOME 2025 2024 Unrestricted donations Restrlcted donations Glft Aid Recoverable 62,187 43,999 1.313 63,500 405 44,404 COSTS OF GENERATING FUNDS 2025 2024 Stock & Referral Items 16,022 16,022 11,151 11.151 Page 10 KIDSBANK CHESTER NOTES TO THE FINANCIAL STATEMEKrs YEAR ENDED 31st MARCH 2025 GRANTS PAYABLE 2025 2024 Grants made to. events funded for individuals 14,051 14,051 10,556 10,556 cosrs OF CHARITABLE ACTivmÉs 2025 2024 Rent & Stora8e PPE Staff costs (note 71 Other administrative costs 21.461 464 75.774 29,986 127,685 18,229 424 42,667 31,527 92,847 GOVERNANCE COSTS 2025 2024 Independent examiner fee Insurances 720 909 1,629 600 494 1,094 STAFF COSTS 2025 2024 Wages and salaries 75,774 75,774 The Trust relied 3150 on voluntary help throughout the period. 42,667 42,667 Fixtures & Fittings FIXED ASSET5 Cost or valuatlon Opening & closin8 balances Total Depreciatlon Opening & closing balan Net Book Value Opening & closing balances DEBTORS 2025 2024 Gift Aid receivable 728 728 Pag• 11 KIDSBANK CHESTER NOTES TO THE FINANCIAL 5fATEMENT5 YEAR ENDED 315t MARCH 2025 10. CREDITORS Falling due within one year: Trade creditors HMRC Accruals ZOZ5 2024 747 747 6CX) 1,347 1.347 11. STATEMENT OF FUIIDS A5 at 31sl March 2024 Expendlture & Tfrs As at 31st March 2025 Income unrestricted fun(ts General reserve5 DeS[gnat￿ Funds 20.283 35,663 55,946 65.802 13.661 79,463 167.9251 113.6741 181.S991 ,160 35.650 53.810 Restrlcted funds 45,373 45,373 72,79) 72,7 177.7881 177.7881 40,375 40,375 Total fvnds 101.319 152,253 1159,3871 94,185 The general reserves are the free fvnds of the charty which are not designated for particular puroposes. Oesignated funds are those funds which are ear marked by the trustees for specific purposes, but do not have any re5tictions placed on those funds. DESIGNATED FUNDS Openln8 Fund 27,fy 8.663 35.663 Funds held durlng the year were.. Runnin¥ Costs Reserwe Xmas Fund Closln8 Fund 27,000 8,650 35.650 13. RESTrILIED FUNDS OpEnln8 Fund Funds held durlng the year were.. Bluecoat Che5ter- Rental Fund Stock & Referrals Funds Salaries Closln8 Fund 39.347 6,026 45,373 17,708 22.667 40,375 UnrÈstiieted funds ANALYSIS OF NET ASSETS BMVEEN FUNDS Fixed assets Current assets Current liabilities fvnts Total 57,391 13.5811 53,810 40.375 97,766 13,5811 94,185 40.375 Sufficient resources are held to enable each fund to ￿ applied in accordance with any restfittions.