## **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **COMICBOOKS FOR KIDS UK!**
(Charitable Incorporated Organisation)
**CHARITY REGISTRATION No: 1196689**
Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
## **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 2024 **END OF FINANCIAL YEAR** 31st December 2024 **TRUSTEES AT 31ST DECEMBER 2024** 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 Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
3
## **COMICBOOKS FOR KIDS UK!**
(Charitable Incorporated Organisation)
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31ST DECEMBER 2024**
We made donations throughout the year to over 12 London hospitals including:
Homerton, RLH, NEWHAM, Kings College, Whipps Cross, King George, Queens, Whittington, St Mary's Paddington, St George's Tooting, Evelina Children's Hospital (St Thomas), UCLH.
We were chosen to work with a yearly charitable You Tube Stream called Mental Con which raises money for a different charity every year. This is run by Trustee Julian McManus and Nathan Brabon who lives in the USA. We received $10,000 and Julian was asked by Mark to become part of the charity.
We have paid the initial deposit and are half way through creating the CB4KUK website.
We have recruited more volunteers … Andrea McManus, Brenda Rizzo from the UK to help with admin and posting duties. We have enlisted Leo Domingues (Texas USA) as a social media volunteer.
## **Plans for 2025**
Finish the 2024 year end so Julian can start fresh with everything with plans to make a simple process for anyone in the future to take over if needed.
Get the website online and continue to update.
Organise social media accounts and run content.
Interact with hospitals and groups of interest which may be connected and could use our help.
Explore ways of raising funds through promotion of the website and possible comic fairs and events during the year.
Contact comic publishers and retailers to ask for help via book donations or promotion.
Cold call/email potential companies who may be interested in supporting our cause.
Look into Gift Aid or possible grants or other ways to maximise income.
Explore a charity eBay account to sell comic books which may not be suitable for hospitals and generate some extra funds.
Continue to send books to hospitals and form relationships.
Seek out some professional advice (This could be as simple as using charity websites) to conform with regulations and professionalise the charity.
Look into tax breaks for companies/individuals who may want to donate to our charity.
Stay optimistic and keep working with a smile 😊
4
COMICBOOKS FOR KIDS UKI
TRUSTEES. REPORT Iconllnuedl
FOR THE YEAR ENDED 31ST DECEMBER 2024
Trust••s' Rèspon$ibi*l
Th8 Charit Act 2011 to f•Ml year wthrh ghe a tru8 and falr
ew of the $18te ofaff*"rs of ts ao arnl of the ofthe CK) k¥ Ihet p. kn pw3riThJ those fina Statements th8
trustses a r&]ured tty.
. Make judgem8nts aTMI 8slima185 Ihal ar8 roBscalo and WLKknl
. Prewe fanclI slalernents on ts gcing ba$ unknss rt is inat4yowat6 to pre8? that CIO will
noal FKS6rtion of ts C. TY are ds) r4n$18 lor #afwJuwth'rvJ th8 aJg8ts cl th8 IJO and he tsng
reasonaue steps for thtr prwenbcfi deteckn otfrawj arbj clher irregularths.
ty th8 TnJ6tee8 Cffj..... . .... .....
&gned on thoir behay TAth ........
Pnnted Naff*'.
## **COMICBOOKS FOR KIDS UK!**
(Charitable Incorporated Organisation)
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024**
|**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
Investment Income
**3b**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2024**
**2023**
£
£
£
£
7,403
-
7,403
205
1
-
1
-
**7,404**
**-**
**7,404**
**205**
564
-
564
701
-
-
-
-
**564**
**-**
**564**
**701**
**6,840**
**-**
**6,840**
**(496)**
339
-
339
835
**7,179**
**-**
**7,179**
**339**|
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 12 form part of these financial statements.
6
COMICBOOKS FOR KIDS UKI
(CharrtrAe lTrxw*at&
BALANCE SHEEr
AS AT 31ST DECEMBER 2024
TOTAL
31-Dx-24
TOTAL
31le-23
fvjrmts
Flx•d As¥•ts
Tangit4è Assets
InvestTnents
Total Fixad A880ts
Cagh at Bank aThJ in Har¥J
Total Curr•nt A•M
7.179
7.179
7,179
7,179
339
Crgdltors: Amounts tkn
NETCURRENT ASSETS
7,179
7.179
TOTALASSETS 188¥ cwrerrt
7.179
7.179
339
Cro¢ltors'. Arnts falrrj more tMn
crfie y8ar
NET ASSErs
7.179
7.179
339
Fund• olth• Ch•rlty
General Funds
R8th"ct¢d FuTra$
7,179
7,179
Totsl Fund•
7.179
7.179
339
AppThed ty tha TrLthes cm....
Sgnod on Ihelr behav ty Tru*¥ .......... .............. ..................................
PriTrt8d Namw.
## **COMICBOOKS FOR KIDS UK!**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **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 2024**
## **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 2024: None
31st December 2023 : None
9
## **COMICBOOKS FOR KIDS UK!**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **3. INCOMING RESOURCES**
|**a) Donations, Grants & Legacies**
Gifts & Donations
**b) Investment Income**
Interest|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2024**
**2023**
£
£
£
£
7,403
-
7,403
205
**7,403**
**-**
**7,403**
**205**
1
-
1
-
**1**
**-**
**1**
**-**|
|---|---|
## **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
**2024**
**2023**
£
£
£
£
564
-
564
300
-
-
-
401
**564**
**-**
**564**
**701**
-
-
-
-
**-**
**-**
**-**
**-**|
|---|---|
10
## **COMICBOOKS FOR KIDS UK!**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **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-24**|**31-Dec-23**|
||£|£|**£**|**£**|
|Cash at Bank & in Hand|7,179||-
7,179
339||
||**7,179**||**-**
**7,179**
**339**||
|**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Fund
£
-|Restricted
Fund
£|**TOTAL**
**31-Dec-24**
**£**
-|**TOTAL**
**31-Dec-23**
**£**
-
-|
||**-**||**-**|**-**
**-**|
|**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Independent Examiners Fees|Unrestricted
Fund
£
-|Restricted
Fund
£|**TOTAL**
**31-Dec-24**
**£**
-|**TOTAL**
**31-Dec-23**
**£**
-
-|
||**-**||**-**|**-**
**-**|
## **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-24**
**31-Dec-23**
£
£
£
£
-
-
-
-
7,179
-
7,179
339
-
-
-
-
**7,179**
**-**
**7,179**
**339**|
|---|---|
11
## **COMICBOOKS FOR KIDS UK!**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **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