Charmy re9knlratlon numbw. 1193680 Kids In Action CIO Annuol Rewt and Flnandal Stotemerts th• Yw End•d 31 Morch 2024 WESTCOTTS ¢IIA•TITrID ACCIIUMTAWT•
Klds In Action CIO Contsnts (continuod) Reference and Admlnlutratlve DBtall8 TN8te68' Wrt 2to6 Independent Examtr*f8 R•port statement of Finan¢i•l A¢tfvftl88 Balanc• Sh••t Not•s to th• Fln•nclal Stat•m•nts 9t020
Klds In Actlon CIO Rehrence and Admlnl8tratlvè Details Charfty R•glstratlon Numb•r 1193e80 PrfnGlpal OfflG Ptym Houso 3 Loftgbridge R¢)ad Ptyrnouth PL6 8LT Westcots IW LLP Ptym Housè 3 Longbridge Road Mar8h MilL8 Plymolth Devon PL6 8LT Indep¥nd•nt Examlner Tru*t••• Mr P 8ename8 Mr M Jordan (AppoSntèd 1 May 20231 Mrs S Houghton Mrs J Baard N Philpott IAppJSnt•d 1 May 2023} MrB M Ctsjpèr Pa99 1
Kids In Action CIO Truste, Report The trustees pregent th• 8nftual rnport toplher with tho fin•n¢ial 8tllt8menls of the ¢hority for the year ended 31 Morch 2024. ObJ•ctlve8 and actlvttl•8 Objects andalms Kids in Action's objectivej.. To provide support and 80¢1al opportunrtie8 for children and young ul8 wlth special neS and d188bilftS abng wSth an exlonded 8UPPOrt nofvnrk lo thelr famili98 lo holp over-come social180181ion, loading lo rnor• 4div• #llmulted, happier and fullar liv•4. Al Kkls In Action, we welcome g ranga of di8abllttles Includlng.. Autlsllc Sp8Ctrum D160r-der, DownB Syndrom8,' b&havUrS1, emolonal, and social difficumiès., mum80ft$¢ry irn-palrmènl., physical disability; profound and muKpl8 learning drffi¢ultla8-, Speech, langug8, ènd ccfflmunlcalion needi., visual impolmient ind mtt•. 'Our MISSn 59 lo brin9 joy and posllivity to chitdrèn and adults th 8pecLg1 needj kn a $•fe and non-ludgemental onvlror4n•nt, reAudng i8010n and lonelin•. ObJ•cUvw. ¥htegles and Ktmu The c¢nlro 8 15k square feel w8rohou8• whSch has been transfomiod Into a giont youth club Wr• we all¢w Qur members and their familiès tho opportuntty lo meet and make new friends non-judg8m8nlal •nvirorwnenl. 1141so givos the parents a Ch9n lo ¥hBra slowrieslproblÉrng with other parenl81¢grnr8 In a ilmllar p08111on, creatlng a gocJ support net-work •8 parents can f981 Isol#1. Wa are looklftg lo make fUrtr improvement8 to Ihfj ntrn by In8ts11ing Iwo addfttffial to14•t$ In tho current baby changelkit¢h¢n areB, and refurb18hlng èxlstlng tollel8 8nd th• rfjceptlon area to cr•at• •dditional Space for who8l¢halr u8•r•. In addition to our clubs, trips are organised whKh Include panto, annual prom. Ihame parks, SId6. zoo, bowllng and many more. Th• charfly provides $peclall8t holidayy at affordoblo priclng. 11 curronlly owns two c8r&van8 locat•d on a HAv•n 8rt• in Cster-onO8 (one di88bled 8C¢9884blel, And ts¥o fully a¢-cessible holiday homas In Cornwall. In additn, cyerate a ¢h8rily Bhop Sn Lt)00, Comworl which h•lp8 the finances olthe charly. Publ1¢ ben•fft The charity 18 a public bonefrt entity whoja activthes look lo provlde a haven for all with speclal nggd8. The trustèes confim) that they havo ¢ompliod wrth the roquirements of Èedon 17 of the Charities Act 2011 to have du• r•gard lo the public benefit guld8n¢g published by th8 Charity Cornmi$sion for Enyland and Wak. Pag8 2
Klds In Action CIO Trustees. Roport {¢ontlnued) Achlw•m•nts and rf0MlIn During the year, wa achieved many succ•s86s and contlnue to strfve to sUpt those who requiTe wvi¢e8 of 'd8 in Actlon. Some ofthe notablè achievements In the year include.. . Our Rotsract Club for 18-30 year olds was olficially cortffied by Rotary Inl8rnation41. . Provided ov•r 50 holidays lo fawMh'e8 Wrth special n••ds chlld or aduA. Became an approved supplior on Central Bedfordshire's listing for FL4F programm•. . Saturday youth Club 81111 growing wlth many now m8mber8 attending. . Monday club going from strength to strength wlth ov•r 4Q members joining In pxliv4tKS egch wedt. . Wednvsday dfop in is extremely busy and contlnulng to grow in membershlp. . Friday drop In launched wtth around 20 members attending &ath week. . Sorne good rdalKnship building with corporat• ccmpanSes and local bu8in•888$ ond schools. . Wor1(ing Lulon Borough Councll to proth o 8•f• space for chlldren wth an EOTAS package to contlnue wrth education. Staff lfjd$ In Action has a 8trong lepm of long s¢rvlng staff both omploy•d and voluntw who play vital part in keeplng our s•N¢e8 and clubs running smoothty. We A have 2 thldrtional part tlrno Blaff rn•mb•rs on• d•dicatèd to accounts th• othor to loc¢king aft•r booklng holidays. Anoth•r for one of our new voluntoeTS 18 that he was a member using our 6ervkes and att•nding cknb. He now work8 in the coffe8 #hcp on e S*urday helping wa8hlng up •t¢ h8d never had a lob before and anoth•r volunte•r who has become very vgluablg l¥ Elllsh who lolned es a Dukg ol Edlnburgh volunto8r and baUS9 ot her outstanding work and commttment has becomg a PJKI momber of staff. Pap3
Kld$ In A¢tion CIO Tru8te88' Report {continuad} T•slimonlal Irom a par•nt looklng to rals• money for Kld• in Action We were tryrfng to find an 8clivity or day oul on & Wednesday. I first saw an advertis&ment of KIA on Facebook. l a8ng8 8 visit to have & look on my own and 8tnNY knew il wouhl be a grgal place for In70g8n lo visiL Sh8 h88 V8tIou8 dIsabHIe8 medkal 8nd physlcal, alOr wKh 8ulism ond no sp8•ch. 11 be hard lo tell Somatim rf she is happy or enjoying hets8ff. Watching her at Kids in Ac4ion, l ¢an $6e 8h&& comfortabl8. obvlotssly feels safe and 8bove 811 she's happy. Th@ is a lol lorhgr to do, she often c1Se8 to Ile f*)wn In lh8 sensory area lo start with enitiying Iho lights, she h&s the Ire8dom to stroll around often finding an $lnnI or toy that gets h8r 8ttentlon, alow wth comfy sof8 10 loy on. Imogen is ac¢omp&nigd by mysolf (mum? and a carnr. Thgre is a café Ihat I go 8nd sll whHst she 18 boing Occu0 where I have m812 lovely ladles where w8 ch81, share expe8ceS, 18ugh 8nd support &Bch other. I love It 8s bolno 8 P8r8nl wllh 8 child with sp8clal ne8ds can be quite so1it8ry. 1 811y look lowrd to 8gwiJg my new fnands esp86llY to off load 8nd knowlng Ihal Imogwj Is cbso by hawng fun. I honesty Ihlnk we have both b8n8riit8d 80 much and Iwfully contlnue to do so. There 18 no Judgomènl, gveryong con be Ihgmsglves it has a grnat almosphera. Wo havg mg11ol$ ol lovdy ch8rnGlgrt and the besl bit is Ihe disco where Imogen does herowfi lrfff& dancel H•ppy Imogen x H•ppyAlum Flnancl•l r•vl•w The r8suh8 for the flnan¢i81 year are documenl8d throughout th8 flnandal 8tatement8 wf(h the Stalèmenl of Finw¢kg1 Slolemenl$ ¢)n p8ge 8 and the Balance Sheet on pag8 9. In the year ended 31 March 2024 the ¢horitys tclal inecffie wats £334,569 and th• total sjxpenditura W88 £456,693. Thls r•8ulled In a lo181 defi¢it for the fln8n¢lal par of £122.124. Th8 tru81& rovlww thglgvel of re5erve8 wricrfjicalty lo en8uTg that th• Charlly Is able lo be managad fficiantly and lo provida a buffer for unln16mipted servi¢os. 11 ig their current policy lo achiève unr88lri¢ted Ifreel reserve fundB 813 l•val which cover8 a min¥num ollhree months expenditure. Thi8 IB cuThanlly be5ng achl8v¥d. H¢ywèvèr, much of th• Incroasè relates to Natlon4 Lottgry FIng whlch is a 5 year grant ard Iher•foro no 4ddititinal Income wlll TOed to cover th• exp•ndKure. Structurni goveTnanc• and m•n•g•ment Nafurè of qovemlng do¢ument The Charity was sel up by a trust dd date 24 F$bNary 221 and is regi8terad w#h the Charity Commission for Englarbd and Wales. RKrultnMnt •nd •ppolntm•nt of Irust• Trustee3 are appointsd by the 808rd ol Truslo8s and conllmigd. Page 4
Klds In Acdon CIO Trustse8' Report (continued) Stat•m•nt of Trustees. Responv51bllltle• The Iru8tee8 are re8pon8lblg for prèparing the trust9. report and tho ffinan¢1 $lalemant6 in ac¢ordance with the United Kingdom Accounting Standards (Unitod Kingdom Generally Ac¢apt4d Aeeounting Practice) and applicoble law and reguL8tion8. Tha law applicable Ic chariti9¥ requires th• tsust•e$ to prnpara ffinancial statements for e•¢h fin•n¢ial year whi¢h give 4 true •nd fair Mew of the state of 8ffairB ol th ¢harty al of the in¢omlng re8ource8 Bnd Bpplicatlon of resourcès ot thè charity for that perfod. In Pfeparing these finanryal slatemenls. tha trustee8 are requlred to". 8ekct suitable aOUnting pollcles and then appty them con818tonlty', ob8erve the methods and prlnciples in the Charth'es SORP., mak¢ judgemants and •sllmalas that ar8 rea5enabkry and prudent., Slate wh8lhoT •pplicablè accounung standard6 hav& bn follvN•d, subi•ct to Y material d8parturo8 dS$clo$ed and expLoined In tho finanGial ytatements.. and prepare the Nnanclal 8talemgnt6 on the going nC•M b8$is unlo85 In4pproprf81• lo pr•sume that the charity wll continue in busin•85. The Iwstees are re8pon$lbl6 for keeping proper accounllng feCCrds that di%clo80 with reasonab 8ccufa¢y at any lim• tho financial position of tho chafity and anablo thom to ensure that the fin8ndal Statements comply wfth the Charities Act 2011, the Chor)tl88 IAccount8 and Report81 RegulatiDn8 2008. and th8 provisions of the con8tilution. The tru8lets8 a160 respon8lble for 88feguording the assets of tha ¢h8rity 8nd h&nco for tskit)g rag8onabl• 8teps for tha prentIOn and datactic of fraud and othèr irf•guLqritiè$. The trusteès are r88pon8lbl8 for th8 maintenance and Snlognty of the ¢orporat• and Ilnanci81 infom)alion included on th8 charitablg ¢ompgnls webs119. LggislBtion goveining the preparation and di88eminatlon of fmancSAI 8latsm8nls may OrfrOM legL8latkJn In oth8r jud8dlctlon8. The anrbugl report was ttpproved by the truste of the charlty on . bohall by. 8nd 8lgn•d on its Mr P B¢wen-Jam88 TIu61oe P#ge S
Kids In Action CIO Indepondent Examinevs Report to th• trust•¢$ of Klds In Aetlon CIO I report to the Iru81ee8 on rny exonln8tk)n of the ¥counts of Kwjs In Actlon CIO for the year ended 31 March 2024. Re8pon#lbllltlo# rtd b•#l$ of Mport As Iho charity trustees of Kids In ACtIc CIO you até rèsponslblè for the preparation of the accounts in aceord•rth wlh the requirements of th• Charities Ad 2011 Ilh• A¢t'). I report in respect of my •xaminalion of the Kids In Action CIO'S Accounts c4ffl&l out under sectlon 145 of the 2011 Act and In cavrytng out my examination I have followed all the appfiGable Directlons on by the Charity Conwni88ion undor $8ction 14SI5}Ibl oftho Act. Ind•ndent ox•mlnorf8 •tstoment Slnce Klds In Action CIO'S gross income excooded £250,000 your examlnor must bo o mamber of a body listed in sadion 145 of the 2011 knt. I confirm that l am qualifi•d lo undertake tha examlnation because l am a member olACCA, which is one of the listed bodie8. I hav• ¢ompl•tsd my examination. I con)Im that no matorlal matter8 com• lo my attenllon In connection wth th? ex8mlnatton ?Ing me cau80 to beleve Ihal any malorfal re8PeCt.' 1. accounllng rocord$ w&re not kept In r•8p•ct of In Actlon CIO as re9ulr¢(I by s•ctb3n 130 of the Act,. or 2. the 8ccounl8 do not aword with Ihose rordS. or 3. thè accounts do not compty wbth thè accounlng requlremen16 concomlng tho fonn and contsnl of accounts 1 out in tho Ch¥rS1I0s (Accoun18 and Reportil R•gulatbn$ 2008 oth8r than any roquirement th41 the accounts giv? a 'tru• 8nd f8 VW whlch is not a matter ¢on$ldor¢d as part of an Independont exgmlnatlon. I h&v• no concemi and hfj com• acr088 no other m*tor8 In connection vllh the Wminal)n lo whlch gtténlbn 6htsuld drawn In th16 f¢Wt in order to enable a prop•r undor818ndlng of the 4ccDunls lo be reachod. Matthew Ke8n• ACCA We6tcott$ ISW) LLP Independont Examiner Pln Pb)u 3 Longbridge Road M8r8h Mills Plymouth PL8 8LT Dal•: /6.../z...,?.fr Page 6
Kids In A¢tlon CIO Statsment of Flnan¢lal Activltles for the Year Endod 31 March 2024 Unrnstrlct funds Restricted funds Total 2024 Total 2023 Not• Income and Endowm•nts frorn: Donations and legades Ch8rltable act511¢$ Inv•strn1 income Other inco 134,717 187.111 1,349 13,414 11.100 15.450 145.817 202,561 1.349 13,414 178.838 111,742 2,281 14,864 Total Incom• 336,591 26,550 363,141 307.725 Expendllur¢ on.. Charrtable activllk• Support costs Total exyndilur• Net incomelleypendllurel Gross transfero betrrt nd8 {146.884) {147,190) (162.1361 114.026 178,162) 1309,0201 161,218 1352,209) 118,380 1294,074) 470.238 1470,5891 42,517 1149.6121 {107.0951 (162,8641 152.783) 52.763 othor r•cognl••d g•ln• and108se Gain on dl$po8al of 1gnglNg flxgd 0880ts Net movement In fundj 2,488 2,488 {7,758} 196.8491 1104.6071 {182,884} R•con¢lll•tSon of lunds Total fund$ brought lorward Total funds carrlod fw8rd 18 608.814 626,527 1,235,341 1 130.734 1,398.205 1,235,341 601,056 529.678 l ofthe charty'5 athiti8J dori from ¢onllnulng op•r8tbn$ durif¥J the abovè tsvo pertod8. Tho fund$ breakthwn for 2023 18 8hown In nolo 18. The notss on pagea 9 to 20 fomi an int•9Tal part ofthese financial stateTMnls. Page 7
Kldg In Action CIO (RegF8tratlon number. 1193660) Balan¢• Sh•0t as at 31 March 2024 2024 2023 Flxod assets Tanglblè agsets Currnnt aMot• Debtors Investments C88h at b•nk In hand 1.208,422 1.230.809 10 79,338 161,288 298,233 375,572 283,048 444,337 Cr•dltors: Arnount• f•lllno du• wfthln on• ymr Not curr•nt ••8ets 12 29,748 329,563 414,591 Tot•1 ••••ts IPBS curr•nt Ilabllltl 1,637,985 407,251 1.645,400 Cr•dhoM,. Amounts falling du• aft•r morn than ono yur 13 410,059 1,130,734 1,235.341 Funds of tho ¢h•rfty: RtrI¢l•d Incom• funds Ro8lricted funds 529,878 626,527 Unrnstrlctod Incom• fund• Unrestrfcted funds 601,058 1.130.734 808,814 Total fund• 18 1.235,341 ial s18lemenl8 on pag95 7 to 20 Wafe Approved by the IN6tee$. and authorl&ed for fssuo on signgd on Ihwf b•half by,, Mr P BOWenOrn&9 Tru$leo The nots5 on p¢$ 9 to 20 fom an integral p8rt of the86 finandal statements. P898 8
Kids In Action CIO Notss to the Financlal Statements for tha Year Ended 31 March 2024 1 Aceountlng polkl stat•mont of compli•nc• Thg financial sts18ments have been prepared in accordance wth AcUntIng 8nd Reportlng by Charities.. Statement of Rècommended Practice (a1¢8b lo charthes preparing their a¢counts in a¢¢ordanco with Ihe Fbftanu R8POrting Standard applicable in the UK and R4ublic of IreSand IFRS 10211 (issued in October 20191 Icharilies SORP IFRS 1021}. the Financial Reportlng Stsndard 8pplicabl• in th• UK Republic of Iraland IFRS 1(Y21 and th• C¢mpanl•s Ad 20C6 and lh¢ CharitSe¥ A¢t 2011. Ba•1• of pr•paratlon Kid$ In Aetion CIO meets the definition of 8 Publ benarrt anlty under FRS 102. The grxounts (financial s18lement81 hav& been prepared undor thè hl8torScal cost convention wlth itoms recognl88d at cost or tran6actk v8lue 19$$ oth0188 8t8tod In th• r•l8vant nole(Bl to thQ •ccounts. Public 88n•fft The charity is a publk benefit erblity and a regl$t8r•d chaiity in En54and ènd Wale8 and is incorpor#l•d. Golng conc•rn Th8 Iruslae8 con8ldor that there ara no malorlal uncortaintl•s about tho ch4rfty$ abllty to contlnue as going concorn. Pund •¢¢t)untlng Unr8slricl•d incom8 funds are general fund8 Ihal am availla for use 81 tru$lg08 di8crotion In furtherance of the objectiv0$ ol the chanty- Reslricled fund8 ar• subjected lo reslrictioni on their ?xp•rHdlluro declared by the donor or through th• lem8 of •pp•al, ond fall into on• of knvo suclos•s.. mlricted Incemè fund$ or Olowm•n1 fund8. Designated fundB arè unre8trKted fund¥ ?4rmwked by tho tW818•8 lor particular futu proj•rt ccfflmitmanl. Incomlng rg•ourc•• I Incoming rosour¢e$ are included in the &lat•m•nt of financial activities when enlidement has passed to the charity. tt18 probable that the •CDnornic benefits assoclated wilh Ihg trAn8xlion will flow lo the charity and the amount can ba reliabty measured. The lollowing 8pecWlc polic are applied to particular ¢•tg90ri•8 of in¢omo: incomè from donatio or grants is r•cogni$gd when Iherg rd 9Viden of enternent to the gbft, recelpl 18 probable and rt6 amount can be measured reliably. legary income is ro¢oynised wh¢n r•ceipt 1$ probabl and onlitlemonl is 8stablished. Page 9
Klds In Action CIO Notes to the Flnanclal Statements lor the Year Ended 31 March 2024 {continuedl incom8 Irom donated goods mga$urgd * the tslr value of wod$ unl865 this Trs iThpractt'cal to measur• reliabty, in which case the valuo is derived from tho cosl lo donor or the e8limat•d resale v81ue. Don818d facilities and servke8 are recognised in th8 aceounts when recelved rf the value can bo T81Sabty mea$urgd. No wnounts are includgd for tho contribulion of g•n•ral voluntsars. IrKorne fTom ttffllracts for the suppty cf 8grvu$ k8 r•cogni88d wth the delivery of the Contracted seNi¢o. This 1$ classified a8 unre$tri¢t8d fvnd8 unl9 Iherels a contr•dual requirement for it to b spent on a partlcular purpose and rgluirted rf ungpgnt, in which case h may ba regarded as regtrlcled. Resoure•s •Xnd•d Expenditure IB recognisgd on on occNals bas1$ •8 8 lia.1 18 Inojrrèd. Expandituré Include8 •ny VAT whi¢h cannot b8 lully rgcovernd. gnd ts cl8•sIfi under hg8dlnpo of the gtatornonl of flnandal acllvltle8 lo which it relates.. exp¥ndblure on roi$lng fundJ SrKludo8 c08ts of fiJndrAlng ACtfvll$, events, Tr)n4haritabl• trading activltK$, and Ihg s ol donatod goods. expendtture on charrt8ble activMe6 includ¢8 all costs Incurred by a charlty In Undertang activiliej that further its chwitablo aim8 for th• bonerrt of ils beneficiaries, ineluding Ihogt support cosls and cost$ ral81ing lo the gov8rnane8 of the chaiity apportloned lo charfvabh act18. other expendllurg includ95 al oxpgndilurv th0118 neithgr rolaled to r818in9 funds for the charlty nor part of ils e>penditure on ¢harllable actlvilie8. AN costs gr• alfvled lo oxponditufe categori•• r•fi¢¢tlng of the resourcè. Dlrnel cost$ attributable to a $inglg activlty #re allocgtod directty to Ih8t actith. Shared costs are appulioned b8tsY88n the acllvltle8 they ¢ontribule lo on a reasonablè. juslihable and eonsistsnt ba818. rautlon Th8 chaiity18 con$ld8red lo pass the tests sel uul In Paragraph 1 Sdwdule 6 01 the Finance Act 2010 8nd Irefore mgets th• deflnKlon of g Charitable company for UK ¢orporal lax purpose8. A¢¢ofdingty, the charity li potontialy gxèmpl from lax811on in rospecl of Sncomo or cgpbtal gain$ re¢eN•d withln cBlegDrtes covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Se¢ts'on 256 of the Twtlon ol Chargoablo Gain8 Act 1992, to the oxtsnt that such income or gains 8r8 pplied exclusalY to charRable purpoJe¥. Tangibl• fix•d T8ngibl& assets are Initially recorde¢J at Cost. an¢J 8ub8equenUy slated at Cost any acGumulattd dèpraciation and impalmienl108S•B. Any tanglble ass•l$ ¢4rrfed at revalued amounts recorded qt Ihe fair value al the dale of rgvaluation less Any 8ub8¢q(t8nt accumulat•d dapTaciath)n and $Ltb8equent a¢¢umulat•d impaliment kJ8ses. An incrDage In the carying amount of an asset as a result of a rgv81u8llon, 16 rgwnised in oth•r legnIsed g8in$ 8nd b)sse8, 165$ il reverses a charge for knpaimient that ha$ previously bean recognlsed ag ewndilure within the statément ol financial actwilies. A docreasa in the carNng amount of an a$set as 8 Tessjll of revaluation. is recogni8ed In other reBogni$ad gains and k>55•$, exeept lo which 11 offsets any previous r9valualion gain, In which case th8 lo shown within other recogni58d g¥ins and losse5 on thè stalomenl ol financs81 admlies. Page 10
Kids In Action CIO Notes to the Flnanclal Statements for the Year Ended 31 March 2024 (Gontlnued) D•pr•elation and amort1J4tion Dèproci8lion is provided on langlble fixed a88èl8 so a8 to write off the c08t or valuatl¢)n, less any estimated resKlual value, over their expectsd useful economic life as follows.. Ass•t ¢l••¥ Freehold propety Plant and machinery Mglor vehiclos EqUMnI Caf8van8 D•pr•elatlan m•thod and ralo SD Yeaws 25% reduclng balanco 20% ieducing balanc• 250A 8trai9hl line 25% reduclng balance Impalrment of flx•d aJ••ts A fevigw for indkatOfB of knp•lm8nt 16 caffled out at oach r8portlng d8t•, wth the recoverable amount Ing estlmalod whore 6u¢h ndicators 08. Whor• Ihg carrying valuo •xc••d8 the re¢over8bl¢ amount, the ass•t is irnpalred 8¢cordingty. Prlor wnpalrm8nts ar• at80 rwawed for pos8lblé rever881 at aach repL)rtlng dgte. revlew for indi¢alor8 of impainnenl 18 carried out 81 each r•porting dalè. wtth thè fecov•raN• Amount being 88tlmaled wh•r& 8uch indk8tor8 &Xi8t. Wherè th• carylng value exceeds the ro¢ovorabl8 aMJnI, the asset i& Imp8ired acColn9ty. Prlor impairments are al80 reeWed for P088ibla rever881 at each reFQrting date. For Impalmienl tesllng of goodwill, tho 9(xlwlll dequlred In a bu81n888 combinatlon 18, from the acqul811ion dal8, alloceted to each of the ¢a8h-gfrn9ro1ing unil6 Ihal are expo¢t¢d to b•n•ftt from the $yn•Tgies of tha combination, ipeCtIVe of wh•th•r other ¥t# or libiliti•$ of th& charity 8r• a88i9nad to Ih08e units. Busln••• ¢ombln•tlon• Buolness combinatlons are accounted for under the Puh8$0 method. Whefe nec8818ry, adju8tmenls are mad• lo the finaq1 statgrnfrnls of 8ubshJlarle¥ to brfng the accountSng policle8 used Into lina vAth those used by the charty. All Intr84roup transactions. bolan¢65. income and 6xpèn¥o8 a olimin8d on consolidation. In aecordanc6 with Soction 35 of FRS 102, Sèction 19 of FRS 102 has not betsn appli in these fi'nan¢ial gtatgments in respect of busines8 comblnab"on8 effeclgd prior to the dale of Iran$i(ion. Curr•nt assot InvHtmonts Cufrenl ass8t inveslrrtsn15 are inchJd8d at th• Iow•T of co$1 8nd net reall$ablg vgluo I Mrk value. C•sh and ¢*•h equiv•lvnts Cash and cash 8quiv8lenls corwise cash on hand and call dgposits. ar otrr 8hort4erm highty liquid investments that arè rèadi conveitiblè to a kncwn amount of cash and aro Bubject to an insignificant ri8k of chanp in value. Page11
Klds In Actlon CIO Notes to the Flnanclal Statements for the Year Ended 31 March 2024 (continued) Flnan¢lal In•trumonts class111On Financial a85ets and financial liaknlthe$ arts r•¢ognised vthen the charity becom08 a p8ty to thè contraclual provlslons of the inslrumenl. Flnancial liabll'rties and equty In8tfumenls arg classifiod according to tho sub$tan¢o of tha conlraclual afrang•menls ont•red into. An equity in51nJmènl 1$ 8ny contrad Ihol evidences a residual interest in the asset$ of th¢ ¢h8rity after deductlng all of its liabilitw. RKognftlon andm•8surem•n¢ AJI ffinancial 888ets and Ilsbllllie8 aro iniaNy measured at transacllon price Ilncludlng Ifansacllon coslsl, exeept for those financial assets dasslfled as at fair value through Pfoflt or loss, whi¢h a Inrtlalty measured 81 fair value (which 1$ nonnally the tran$xlK)n price excluding Iran88Ction cost$). unkns th• arran9om•nt conBtitule¥ a financln9 transaction. tf an arrangèm•nt eonslilLrtes a financing transadion, th8 financ4al ay881 or flnanclal liability is measured al the pre8ent value of tho fvlur• payments dl$Gounted ot a mark•t rats of Inlorosl lor o 8Smllpr debt In¥lTum?nl. Financial 88aets and liabilth'83 are only off8el in the slatemant of Ilnancial posttlon Yh)en. ond onty when Ih•r8 8x1918 a legally enforceab rlghl to 8gt t)ff th& re¢ognls¢d amounts and the charity Sntend8 either to Sott on a nel ba$i$, or to Tealise the asset and tle the liabilty ilmultaneou$ly. Flnanclal as?•ls are derecognl88d when and onty WTr a) contr8¢lu•l right8 to thé cash fiows from tha financial a83et expir• tsr ar• Sattled. bl the charity Ir8nsfer$ to another party $ub•lgnlially all of tho risks ond reward¥ of ownership of the flnanclal asset, or cl the ch8rfty. de8pile having retoin•d Bome, but not all, 8lgnIfanI risks ond r8waTd8 of ownorship, ha8 Iransforred control of the a88al lo anolhar party. Flnancial liabilitigs are derocognlogd only when th• obllgauon 8poclfiod In lh• ¢¢tra IJ dlschargad, ¢an¢ell8d or expires. Falr v•lu• mMsurem•nt The be81 evldence ot faif V8lue 18 a quoted phGg for an klenlical 855el in an 8ctlv8 mathet. Wh•n quotad wices aro unavailabb, the pric8 of a recgnl IrSaCtkn for an id•ntic81 B8sel provides evidon¢g of fair value 88 long as Iher• has nc4 been a Sn1c?nl change In •¢onomic clrcumslancos or a $ignlfi¢ont lapB8 of lime sinco th• tranSlI0n took plaee. If the market 1$ not a¢tNe and recent IranÈactlons of an Identical asset vn their ¢iwn are not a good eBtlmate of falr valua. the fair v•lu• 1$ esllmated by using a valuauon technu•. 2 Donations and l•gael Unr•strfct•d lunds G?n•r•l Total funds Tot•1 2023 funds Tradlng incomg.. Donations and lega¢le8 134.717 11.100 145.817 178.838 134,717 11.100 145,817 178,838 Pag8 12
Kld8 In Actlon CIO Notes to the Flnanclal Statements for tha Yaar Endod 31 March 2024 Icontinuod) 3 Incom• from ¢h4fll•blo acllvltl•B Unrnstrlctod funds G•n•r•l R•6trlct•d Total 2024 Caravan and lodge feeB 8,328 16.887 29,128 8,326 16.887 29,126 15.450 61,329 25,744 30,360 Hall hlre GrantB Hollday income Fundralsing evon16 Rgfrg¥hmgnts Merchandls• Door entry 15,450 51.329 25,744 30,360 882 24,477 187,111 24.477 202,581 15.480 Unro•trlct lunds G•n•rAI Total 2023 Caravan and loJg9 fw• Fe?s Hall hire Hollday Income Fundrai$lng events RrashM0nts Morchandi Exhibthn8 19.429 42.629 13.899 1,775 11,472 19.832 2.252 454 19.429 42,629 13,899 1.775 11,472 19,832 2.252 454 111,742 111.742 4 Inv•stm•nt InGom• Unr•atrl¢t•d fund8 G•noral Total 2024 Total 2023 Intère81 racelv8ble #nd slTnilar income., InterBsl rocelvable on bqnk deposlts 1,349 1,349 2.281 Pagg 13
Kids In A¢tlon CIO Not•$ to th• Flnanclal Statements for the Year Ended 31 March 2024 {continued) O Other Incom• Unr•strlcted funds G•ngr•l Totsl 2024 Total 2023 Income frun Iradlng sub8ldlary 13.414 13.414 14,884 6 Exp•ndltur• on Gharltable actlvftlo• Unmtrfel•d funds G•n•r•l Total 2024 Total Fundrai¥ing Event Co•t Pur¢ha$•$ Oired Expen8O11 Pr•mi8•8 staff Wehre Rent & Rgl Lvdht & Hèat Inwr8ne8 R8palrs & M•lnlon8nce Telophon IT Exp•n••$ PnnUn9 & P¢)8lw• Subscdpllon Clegrblng Motor V•hido Repalr & M•inten•nco Trav81 Adve81ng & Mathting Leaslng Tru810 Remunerat 21,947 14,843 41,058 21,947 14,843 41.058 12.938 11.544 33.148 6.495 70 36.800 10,382 7,986 24.487 7,586 2.802 879 791 5.268 2,473 232 5,370 9,165 40,000 1,849 6,989 20,227 7,289 17,121 10,511 3,250 1.849 6,989 20.227 7,289 17.121 10.511 3,250 623 13,466 5,832 623 13,466 5,832 1,298 5,120 1,296 5,120 171,401 171,401 218.194 Page 14
Kids In A¢tion CIO Notos to the Flnanclal Statements for the Year Ended 31 March 2024 (continued 7 Analy¥h of goV•M4r0 and support ¢o•ts Restrlcted Total Totsl fvnd• 2024 2011 Support costs Gov•rnance co8 14,026 142,926 18,290 181, 99,002 19,378 8,380 14,026 Al Anal18 of •upport co•t• R••trlcted fund Total 2024 Total 2023 Flnance costs Premis•s Staff costs 10,134 48,868 40,000 99.002 14,026 74.682 85.000 142,926 14,026 8 Staff co•t• The aggreualo payroll ¢t0 w•r? •• lollows: 2024 2023 Staff co•t• durlng th• y•ar w•rn: Wag8J and Jalaries S¢Jdal 8ecurity costs P•nJion costs 198,714 3,200 705 210,231 3.258 528 202,819 214015 The monthty average number of peT80n8 (Indudlng 8enlor managémént I leadef8hip team) employed by tho charity durin9 the year aXPTes8ed as full lime •quNalents Wa6 as fol¥#.. 2024 No 16 2023 No 10 Number ol staff No employ8• re¢elved emoluments of mora th* £60.000 durfng the yoar Pag9 15
Klds In Actlon CIO Notes to the Financlal Statèments for the Year Ended 31 March 2024 (continued) 9 Tanglbl• Ilx•d assots Furnltur• and equlpmont Land and byildlngs Motor v•hl¢le$ Carav*n• Total Cost Al 1 Aprfl 2023 Additk)n$ DIspos8 At 31 March 2024 1.354.387 87,775 2,500 98,716 1.541,378 35,452 35.452 54.894 54,894 1.354,387 87.775 2.500 77,274 1.521.936 D•pr•¢l•tlon Al 1 April 2023 Chargo for th 158.303 74,481 1,976 75,809 310.569 27.087 3,531 105 9.747 40,470 Eliminated c d18PO991s At 31 March 2024 37.525 37.525 185,390 78,012 2.081 48,031 313,514 Net I0k valu• At 31 Mwch 2024 1,188,997 9,783 419 29,243 1,208,422 At 31 March 2023 1.196,084 $24 20,907 1.230.809 10 D•btor• 2024 2023 Ac¢Ned Incorn Other debtors 49,402 29,938 79.338 148.159 13,129 161,288 11 Cun•rt •8••t Inveslm•nt8 2024 2023 Shar•s in group undert•klngs and partlclpatlng Interests Pagg 18
Kids In A¢tlon CIO Notes to the Flnanclal Statements for the Year Ended 31 March 2024 (contlnued) 12 Cr•dltors: amounts falllng du• wlthln on• y•ar 2024 2023 Bonk loan8 Hir8 purchase and flnance ltsa Olhgr t8xati¢)n and 8Dcial 88¢tsrity other creditor• Accruals 14,318 10,301 5.594 10.4147 2,188 26,203 46,009 29,746 13 Crndltorn: amounts falllng du• aft•r I9 y••r 2024 Bank loan8 Hlre PUTcha8• and financ• laa868 407,261 393,719 16,340 407,251 410.059 14 An•ty•l• of n•t as••t• b•tw••n lund• UnMtrlct•d fund$ G•n•r•l Total fund• R••trl¢l•d •t 31 March fvnds 2024 T)ngibh fixed a88018 Curr•nl 88¥et• Curront labilltleB Creditor8 over 1 year Total nel as8•ts 728,196 328,120 146,0091 407,251 480,226 49,452 1,208,422 375,572 {46,0091 407,251 601,056 529.678 1.130,734 Unr•strl¢t•d lunds G•n•rnl Total fund• at 31 Mah 2023 RtrIcted funds TangSblet fixed a880ts Current assets Current Ilabilili8& Cr8ditors over 1 year Total not 8880ts 640,008 408.611 129.7461 410,059 608,814 590,801 3S.726 1,230.809 444.337 129,7461 410,059 1,235,341 826,527 Pa30 17
Ki(ts In Actlon CIO Notes to tha Financial Statoments for the Year Ended 31 March 2024 (continued) 15 Tru•t••s r•munerntion and exp•n During th• y••r the ¢harity mad¢ th• ftslloMng trangaction• wtth tru$l••8'. Mr P Bow•nJam68 Mr P Bowen-Jane$ reGoN¢d rnmun&ralb)n of £40,CIi)12023: £40,OCQ) durfng tho year. Mrn M Coop•r Mrs M Ccoper received romuneratlon of £25,00012023.. £23.1251 durfng the wr. One or more tru8to08 has b•vn r•muneratlon or TO1VId other bDnefits from ampIoent wllh the charity or 8 related enlty. No Iru8teo 0Xp•n$ hav• b••n incur1 In th8 finfjnclal year to 31 Mfjrch 2024. 16 R•lat•d p•rty tran¥actlon• Th8 charlty Is the $oie shorohold8r of Ellles Haven Tradlng Company Ltd whlch trades as 8 ch8rtty shop lo roise fund8 for the charity. The company 1$ reglstsred al Companies House undor number 06946957. The cornpany gifts IIB profrt$ lo tho charity and in th* yr lo 31 March 2024 the tot81 profft wa$ £nil. Thi8 will b• paid lo the charity thIn 9 month8 of tho year end {2023.' £13,966). A¢counls fcf this company ar8 availabla from Cornpanl88 Hou8e. 17 Obllg•tlons und•r l•a•a8 and hlre purch•s• coniracts Thè total value ol future minknum lease payments wa4 A8 folkn.. 2024 2023 Wllhln ono >•ir In lo flve y••rs $,$94 16,340 21,934 Pagg 18
Kids In Action CIO Nots• to tho Financlal Statements for the Year Ended 31 March 2024 (contlnued) 18 Fund Balnc• 4131 March Balanc• Other at 1 Aprll In¢omlng Ro•ourc r•Gognls 2023 r•SOur •xp•nd•d TTanBhYs g•In{lo$s0#1 UnreBtrlcted fund¥ O•n•r•l Unr•8lrlct•d Fund$ 608.814 338.591 1294,0741 152,7631 2.488 801.056 RtrICd funds Property at Ell,6 Han Property Reslrtclod Fund National Lottory Other R68tricted Fund 2110.648 {14,0261 186,622 277,721 148,158 277.721 49.88S 11,100 1162,1361 62,763 15,450 15.450 Tathi r••trf¢t•d fund¥ 828,527 28,550 178,162 52,763 529.678 Total lund• 1235,341 363,141 470,236 2,488 1,130,734 B•l•nc• al 1 Aprfl 2022 8•lanc• at 31 M•reh 2023 Incomlng R•8ourc88 mourc•8 •xp•nd•d Trn#lerd Unr•strlctod funds G•n•r•l Unr•$lrid•d Funds 76,835 307,726 1298.5741 520,828 608,814 Rostrlctsd Prop•ty 8t Elli•'s Haven Ellle'8 Haven Merger Property Re$trict•d Fund Nath"onal Lottery Total r•gtrlct•d fund• 200,848 520.828 356,501 243.393 200.648 1520,828) 178,7801 95,235 277.721 148,158 1.321,370 174.015 520.828 826,527 Total funds 1,398,205 470,589 1,235,341 Pa99 19
Kids In Action CIO Notss to the Flnancial Statsmonts for the Year Ended 31 March 2024 (continuod) The 8pecWk purposas for which Ihe fundB are to be applied 8re as foll¢yws.' Property •t Ellig'$ H4n The propety prevtously construthd by El¥9'• Comwall Ltd who merggd vAth Klds In Actlon CIO on 210oc•mb•r 2021 conllnu•s lo h•ld as a rnstrt8d asset. Propgrty Reslrl(tsl FuThl Thls fund 1$ up of m1•$ donat•d to Kid$ In A¢tr&n io th thèy can Puh•s¢ Ihelr prop•rty lo operate out of. Nallon41 Lott•ry Fund Tho fund is from the NaUon•l Lott•ry whS¢h wa8 granted to 9UPPOrt tho ¢h•riti•$ ongoing progr8mm•8 almad al Veng w•ge8 and oth8r expenJ88. Pagg 20