## **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **COMICBOOKS FOR KIDS UK!** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1196689** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS ## **COMICBOOKS FOR KIDS UK!** (Charitable Incorporated Organisation) ## **CONTENTS** Page 3 Legal and Administrative Information Pages 4 to 5 Trustees' Report Page 6 Statement of Financial Activities Page 7 Balance Sheet Pages 8 to 12 Notes to the Financial Statements 2 ## **COMICBOOKS FOR KIDS UK!** (Charitable Incorporated Organisation) ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **CHARITY NUMBER** **CHARITY NUMBER** 1196689 **DATE OF REGISTRATION** 19th November 2021 **START OF FINANCIAL YEAR** 1st January 2023 **END OF FINANCIAL YEAR** 31st December 2023 **TRUSTEES AT 31ST DECEMBER 2023** Mark Weiss John Dziewiatkowski Christopher Thompson William O'Mullane **LEGAL STATUS** Charitable Incorporated Organisation ## **GOVERNING INSTRUMENT** CIO - Foundation Registered 19th November 2021 ## **OBJECTS** The relief of Children in need, by reason of ill-health or disability who are patients in NHS Hospitals or Charitable Hospices in the United Kingdom by providing or assisting in the provision of reading, colouring, toys and pop culture materials not normally provided by statutory authorities and/or ancillary to those provided by the NHS. **CORRESPONDENCE ADDRESS** C/o Duane Morris Citypoint 1 Ropemakers Street London EC2Y 9AW **PRIMARY BANKERS** Wise Payments Limited 6th Floor The Tea Building 56 Shoreditch High Street London E1 6JJ **INDEPENDENT EXAMINERS** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS 3 ## **COMICBOOKS FOR KIDS UK!** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** February 22, 2023 – “ComicBooks For Kids Day” – Ongoing activity each year. Press release sent to comic book industry contacts plus press contacts including the below outlets: - Newsarama - ComicBook - Multiversity Comics - Bleeding Cool - ComicCrusaders - DownTheTubes - Major Spoilers Social media posts throughout the year via: https://twitter.com/cb4kuk https://www.instagram.com/cb4kuk/ Donations throughout the year to over 12 London hospitals including: - Homerton Hospital - Whittington Hospital - Royal Hospital London · St Mary's Paddington Hospital · Newham Hospital · St George's Tooting Hospital · Kings College Hospital · St Georges Hospital - Whipps Cross Hospital · St Marys Hospital · King George Hospital · Evelina Children's Hospital (St Thomas) · Queens Hospital · University College London Hospitals Thought Bubble Festival - received a table at the show to promote CB4KUK and get awareness / donations. Received donations, and many took flyers and promised to donate something and follow us on social media. An expanded version of the Podcast event via HARD AGREE Podcast – special Christmas episode. Featuring host Andrew Sumner and an all-star line-up from comics, movies, TV & theatre performing Charles Dickens’ live recitation of A Christmas Carol in support of ComicBooks for Kids. Joining Sumner on the podcast are legendary fantasy author Michael Moorcock; BBC presenter & wine expert Olly Smith (BBC’s Saturday Kitchen, Olly Smith’s Home Cocktail Bible); author, actor & MCU star Evangeline Lilly (Lost, The Hobbit, Ant-Man and The Wasp); comic book legend Dave Gibbons (Watchmen, Kingsman, The Originals); West End theatre star Julie Stark (Company, Chess, Les Misérables, We Will Rock You); comics editor & creator David Leach (Psycho Gran, David Leach Conquers the Universe) and marketing guru & ComicBooks for Kids UK director Will O’Mullane (Titan Comics). The annual Hard Agree Players cartoon was donated by artist supreme Kelly Yates (Doctor Who, Amber Atoms, MonstHer). https://m.youtube.com/watch%3Fv%3DydUbMuh7i_g&ved=2ahUKEwjqhqaPramDAxUUW0EAHQkkB8QQwqsBegQIDxAF&u sg=AOvVaw3DApe4GifRGDfZ_JUUSeiT https://downthetubes.net/dont-miss-a-hard-agree-christmas-carol-in-aid-of-comicbooksforkids/ https://bleedingcool.com/comics/dave-gibbons-evangeline-lilly-olly-smith-perform-a-christmas-carol/ https://x.com/ForbiddenPlanet/status/1738180544259641845?s=20 ## **Future Events:** - An event with Mental Con 2024. - An event at a local comic shop. - A special shout out with 200AD social media. - A link up for stock with The Beano publishers and scope for a social media post. 4 COMICBOOKS FOR KIDS UKI TRUSTEES. REPORT {Contin￿lI FOR THE YEAR ENDEO 31ST DECEMBER2023 Chorit￿S P*1 2011 rn4UW08th& k* 8t*em¥s • In• m far th8 0t•ts ol thrsol •* CK) tho >Jt•J5 r4th• CK) t41 FWI. kn Kryal¥VJ swffonts Ihe trthiar• rwthd b CIO. Tlwy lry ¥9¢guor&ry th• al th• tAkn ## **COMICBOOKS FOR KIDS UK!** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023** |**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
Investment Income
**3b**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2023**
**2022**
£
£
£
£
205
-
205
851
-
-
-
-
**205**
**-**
**205**
**851**
701
-
701
16
-
-
-
-
**701**
**-**
**701**
**16**
**(496)**
**-**
**(496)**
**835**
835
-
835
-
**339**
**-**
**339**
**835**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 8 to 12 form part of these financial statements. 6 COMICBOOKS FOR KIDS UKI BALANCÉ SHEET ASAT 31ST OECEMBER 2023 Total Total 31-Do• 22 Fl¥•dAu•ts Tatyitle Ass814 In¥•61m8nts Total nxqd A•*• ¢urr•rbt Aifo10 835 B3$ CBth •t Bank wd in Trrt•l Curr•n1￿MI* 339 339 331 Cr•dltori.' knwnis ar NET GUftBEWT A88e78 838 TOTALA88eTS I￿￿jrrw* ¢r•dlt•ri: rTry• th rfftwr io 339 Fund• d1h•¢￿ty 839 OL4 Nam i￿￿ o ## **COMICBOOKS FOR KIDS UK!** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of Preparation & Assessment of Going Concern** ## **Basis of Preparation** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. ## **Incoming Resources** ## _**Recognition of Incoming Resources**_ These are included in the Statement of Financial Activities (SOFA) when: ▪ the charity becomes entitled to the resources; ▪ the trustees are virtually certain they will receive the resources; and ▪ the monetary value can be measured with sufficient reliability ## _**Incoming Resources with Related Expenditure**_ Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. ## _**Grants and Donations**_ Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## _**Tax Reclaims on Donations and Gifts**_ Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## _**Contractual Income and Performance Related Grants**_ This is only included in the SOFA once the related goods or services have been delivered. ## _**Gifts in Kind**_ Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. ## _**Donated Services and Facilities**_ These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts. ## _**Investment Income**_ This is included in the accounts when receivable. ## _**Investment Gains and Losses**_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 8 ## **COMICBOOKS FOR KIDS UK!** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## _**Liability Recognition**_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _**Governance Costs**_ Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## _**Investments**_ Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. ## _**Unrestricted funds**_ These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. ## _**Restricted funds**_ These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes. ## _**Designated funds**_ These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects. ## _**Fixed Assets**_ Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## _**Depreciation Expense**_ Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows: Fixtures, Fittings and Equipment 25% - Reducing Balance Basis ## **2. TANGIBLE FIXED ASSETS** The CIO held no fixed assets during this or the previous financial period. The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2023 : None 31st December 2022 : None 9 ## **COMICBOOKS FOR KIDS UK!** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **3. INCOMING RESOURCES** |**a) Donations, Grants & Legacies**
Gifts & Donations
**b) Investment Income**
Interest|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2023**
**2022**
£
£
£
£
205
-
205
851
**205**
**-**
**205**
**851**
-
-
-
-
**-**
**-**
**-**
**-**| |---|---| ## **4. RESOURCES EXPENDED** |**a) Cost of Charitable Activities**
Administrative Expenses
Travel & Subsistence
**b) Governance Costs**
Independent Examiners Fees
**9**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2023**
**2022**
£
£
£
£
300
-
300
16
401
-
401
-
**701**
**-**
**701**
**16**
-
-
-
-
**-**
**-**
**-**
**-**| |---|---| 10 ## **COMICBOOKS FOR KIDS UK!** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **5. RESTRICTED FUNDS** The CIO held no restricted funds during this or the previous financial period. ## **6. INVESTMENTS** The CIO held no fixed asset investments during this or the previous financial period. ## **7. CASH AT BANK AND IN HAND** ||Unrestricted|Restricted|**Total**|**Total**| |---|---|---|---|---| ||Fund|Fund|**31-Dec-23**|**31-Dec-22**| ||£|£|**£**|**£**| |Cash at Bank & in Hand|339||-
339
835|| ||**339**||**-**
**339**
**835**|| |**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Fund
£
-|Restricted
Fund
£|**Total**
**31-Dec-23**
**£**
-|**Total**
**31-Dec-22**
**£**
-
-| ||**-**||**-**|**-**
**-**| |**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Independent Examiners Fees|Unrestricted
Fund
£
-|Restricted
Fund
£|**Total**
**31-Dec-23**
**£**
-|**Total**
**31-Dec-22**
**£**
-
-| ||**-**||**-**|**-**
**-**| ## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The CIO held no long term liabilities during this or the previous financial period. ## **11. NET ASSETS BETWEEN FUNDS** |Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Dec-23**
**31-Dec-22**
£
£
£
£
-
-
-
-
339
-
339
835
-
-
-
-
**339**
**-**
**339**
**835**| |---|---| 11 ## **COMICBOOKS FOR KIDS UK!** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **12. STAFF COSTS AND NUMBERS** The CIO employed no members of staff during this or the previous financial period. ## **13. TRUSTEES AND OTHER RELATED PARTIES** No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. ## **14. RISK ASSESSMENT** The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **15. RESERVES POLICY** The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. ## **16. PUBLIC BENEFIT** The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake. 12