DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
COMPANY REGISTRATION NUMBER: 13705584 CHARITY REGISTRATION NUMBER: 1197895
OUR KIDS FIRST
COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS
31 OCTOBER 2023
COHEN ARNOLD
Chartered Accountants
New Burlington House 1075 Finchley Road London NW11 0PU
DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
OUR KIDS FIRST
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2023
| PAGES | |
|---|---|
| Trustees' Annual Report (Incorporating the Director's Report) | 1 to 3 |
| Independent Examiner's Report to the Trustees | 4 |
| Statement of Financial Activities (Including Income and Expenditure | |
| Account) | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 13 |
DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
OUR KIDS FIRST
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
YEAR ENDED 31 OCTOBER 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 October 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Our Kids First Charity registration number 1197895 Company registration number 13705584 Principal office and registered 2a Southbourne Crescent office London NW4 2JY
THE TRUSTEES
Mr A Shainfeld Mr Y M Katz Mr E Sternlicht (Appointed 13 December 2023) Mr N Sheinfeld (Appointed 21 November 2023) Mrs S R Lisser (Appointed 21 November 2023) Mr D Owen (Retired 31 May 2023) Mr S Bak (Retired 13 December 2023)
INDEPENDENT EXAMINER Barry Leigh
STRUCTURE, GOVERNANCE AND MANAGEMENT
Our Kids First Limited is constituted by Memorandum and Articles of Association and is a company limited by guarantee.
The Charity is run by the trustees who all act in an honorary capacity. Should they need to appoint a new trustee, the current trustees will apply suitable recruitment training and induction procedures.
OBJECTIVES AND ACTIVITIES
The mission of Our Kids First (OKF) is to guide and support families through divorce. We support some of the most vulnerable children in our community. On many occasions children, through no fault of their own get caught up in the process of their parents' acrimonious divorce. The impact on them at that point in their life is critical for their future wellbeing. OKF's objective is to minimise the suffering through direct action and support for the family whilst limiting the conflict and rebuilding lives.
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DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
OUR KIDS FIRST
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)
YEAR ENDED 31 OCTOBER 2023
ACHIEVEMENTS AND PERFORMANCE
Our Kids First services
In the past year, OKF has supported over 100 new families through all aspects of divorce. OKF case workers have provided combined over 5,500 hours of pastoral care and befriending, parenting coaching and signposting to appropriate therapeutic services for both parents and children, social events for parents and children, support to create a framework and bespoke plan and, mental health first aid.
We have also continued to offer practical support to get families back on their feet so they can rebuild their lives, including childcare and moving/transportation support. Our legal support has guided families this year through child-focussed and positive-minded support through the entire legal process, including: mediation services, legal guidance, McKenzie friends, solicitor relations and social worker support. We have escorted more than 15 couples to the Beth Din for their religious divorce and have given bespoke support, especially during busy and family orientated times, such as, Shabbat and Chagim.
This year we saw great outcomes in terms of: improved mental health for the whole family, significantly reduced legal costs, improved quality of life for the whole family, improved co-parenting skills and increased positivity in the children's environment, improved child wellbeing at home and in school and, reduced loneliness for vulnerable families.
Key achievements in the past year include:
Support provided to over 100 families 5,500 pastoral support sessions delivered 250 peer support attendances 80 Shabbat meals distributed every week 15 escorts to the Beth Din 100's of food deliveries for Chagim 8 parents' events 4 parent and child events 5 children only events 120 birthday and Chanukah gifts delivered to children 4 emergency property rentals 4 removals and moving support 5 job placements
Fundraising efforts
Our fundraising efforts this past year have been split primarily between private donors and grant applications. We have hired a consultant grant writer to complement the work being undertaken by our staff involved in these matters. We also visited and contacted many private donors for individual donations. The main areas of our budget spend are: charity development, wages, case worker consultancy fees, team building and training, service user practical support, service user therapy support and service user events.
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DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
OUR KIDS FIRST
COMPANY LIMITED BY GUARANTEE
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)
YEAR ENDED 31 OCTOBER 2023
FINANCIAL REVIEW
Reserves Policy
The trustees aim to maintain reserves in order that they can continue to fulfil the objects of the charity.
As at 31 October 2023 the charity had total funds of £23,941, of which £22,884 are restricted funds and £1,057 are unrestricted funds. The trustees consider the level of funds to be adequate having regard to the planned level of charitable activities to be undertaken by the charity.
Risk management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
PLANS FOR FUTURE PERIODS
In the coming year our objective is to further develop the team so that we can meet the ever-growing demand for our services. We currently have three active case workers/mediators, two male and one female. This year we aim to add one more male and one more female case worker to our team. We will also be recruiting a CEO. The demand for our services is increasing and we have budgeted expenditure in excess of £250,000 to cope with the demands of the year ahead. We expect this to cover the continuing aforementioned costs as well as our expanding social calendar, therapeutic support, practical support packages and the development and delivery of our educational programmes. In addition, we will be expanding our services and provisions in Manchester and Gateshead.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 31 May 2024 and signed on behalf of the board of trustees by:
Mr A Shainfeld Trustee
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DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
OUR KIDS FIRST
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OUR KIDS FIRST
YEAR ENDED 31 OCTOBER 2023
I report to the trustees on my examination of the financial statements of Our Kids First ('the charity') for the year ended 31 October 2023.
RESPONSIBILITIES AND BASIS OF REPORT
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Barry Leigh
Independent Examiner
Cohen Arnold Chartered Accountant and Statutory Auditors New Burlington House 1075 Finchley Road LONDON NW11 0PU
31 May 2024
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DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
OUR KIDS FIRST
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 OCTOBER 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 66,891 | 41,735 | 108,626 | 85,680 |
| ------------------------------- | ------------------------------- | ------------------------------------- | ------------------------------- | ||
| Total income | 66,891 | 41,735 | 108,626 | 85,680 | |
| =============================== | =============================== | ===================================== | =============================== | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 6 | (2,350) | – | (2,350) | (4,000) |
| Expenditure on charitable activities | 7,8 | (75,935) | (35,621) | (111,556) | (52,459) |
| ------------------------------- | ------------------------------- | ------------------------------------- | ------------------------------- | ||
| Total expenditure | (78,285) | (35,621) | (113,906) | (56,459) | |
| =============================== | =============================== | ===================================== | =============================== | ||
| ------------------------------- | ------------------------------- | ------------------------------------- | ------------------------------- | ||
| Net (expenditure)/income and net | |||||
| movement in funds | (11,394) | 6,114 | (5,280) | 29,221 | |
| =============================== | =============================== | ===================================== | =============================== | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 12,451 | 16,770 | 29,221 | – | |
| ------------------------------- | ------------------------------- | ------------------------------------- | ------------------------------- | ||
| Total funds carried forward | 1,057 | 22,884 | 23,941 | 29,221 | |
| =============================== | =============================== | ===================================== | =============================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 13 form part of these financial statements.
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DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
OUR KIDS FIRST
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible fixed assets | 14 | 741 | 562 | ||
| CURRENT ASSETS | |||||
| Debtors | 15 | 1,508 | 1,488 | ||
| Cash at bank and in hand | 25,554 | 35,793 | |||
| ------------------------------- | ------------------------------- | ||||
| 27,062 | 37,281 | ||||
| CREDITORS: amounts falling due | |||||
| within one year | 16 | (3,862) | (8,622) | ||
| ------------------------------- | ------------------------------- | ||||
| NET CURRENT ASSETS | 23,200 | 28,659 | |||
| ------------------------------- | ------------------------------- | ||||
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 23,941 | 29,221 | |||
| ------------------------------- | ------------------------------- | ||||
| NET ASSETS | 23,941 | 29,221 | |||
| =============================== | =============================== | ||||
| FUNDS OF THE CHARITY | |||||
| Restricted funds | 22,884 | 16,770 | |||
| Unrestricted funds | 1,057 | 12,451 | |||
| ------------------------------- | ------------------------------- | ||||
| Total charity funds | 18 | 23,941 | 29,221 | ||
| =============================== | =============================== |
For the year ending 31 October 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 31 May 2024, and are signed on behalf of the board by:
Mr A Shainfeld Trustee
The notes on pages 7 to 13 form part of these financial statements.
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DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
OUR KIDS FIRST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2023
1. GENERAL INFORMATION
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 2a Southbourne Crescent, London, NW4 2JY.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
The charity meets the definition of a public benefit entity under FRS 102.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There were no significant judgements or estimates made in the preparation of these financial statements.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds comprise of funds received via grants for specific purposes and donation campaigns run for specific projects. Restricted funds are available for use by the trustees limited by the conditions attached to those funds.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations are recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
OUR KIDS FIRST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 OCTOBER 2023
3. ACCOUNTING POLICIES (continued)
Incoming resources (continued)
-
income from grants are recognised when receipt is probable and entitlement is established having regard to conditions attached to the grants and any time frame imposed on the grant.
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income from donated goods and services provided to the charity are recognised at fair value in the period in which they are received, when they can be quantified. A corresponding amount is included within the relevant category of expenditure.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
- 20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
OUR KIDS FIRST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 OCTOBER 2023
3. ACCOUNTING POLICIES (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
4. LIMITED BY GUARANTEE
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
5. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| DONATIONS | ||||
| Donations received | 66,891 | – | 66,891 | |
| GRANTS | ||||
| Grants receivable | – | 41,735 | 41,735 | |
| ------------------------------- | ------------------------------- | ------------------------------------- | ||
| 66,891 | 41,735 | 108,626 | ||
| =============================== | =============================== | ===================================== | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| DONATIONS | ||||
| Donations received | 51,180 | – | 51,180 | |
| GRANTS | ||||
| Grants receivable | 14,500 | 20,000 | 34,500 | |
| ------------------------------- | ------------------------------- | ------------------------------- | ||
| 65,680 | 20,000 | 85,680 | ||
| =============================== | =============================== | =============================== | ||
| COSTS OF RAISING DONATIONS | AND LEGACIES | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Costs of generating income - | ||||
| Fundraising | 2,350 | 2,350 | 4,000 | 4,000 |
| ========================== | ========================== | ========================== | ========================== |
6. COSTS OF RAISING DONATIONS AND LEGACIES
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DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
OUR KIDS FIRST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 OCTOBER 2023
7. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Charitable activities | 38,984 | 35,621 | 74,605 | ||
| Support costs | 36,951 | – | 36,951 | ||
| ------------------------------- | ------------------------------- | ------------------------------------- | |||
| 75,935 | 35,621 | 111,556 | |||
| =============================== | =============================== | ===================================== | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Charitable activities | 11,073 | 3,230 | 14,303 | ||
| Support costs | 38,156 | – | 38,156 | ||
| ------------------------------- | -------------------------- | ------------------------------- | |||
| 49,229 | 3,230 | 52,459 | |||
| =============================== | ========================== | =============================== | |||
| 8. | EXPENDITURE ON CHARITABLE | ACTIVITIES BY ACTIVITY TYPE | |||
| Activities | |||||
| undertaken | Total funds | Total funds | |||
| directly | Support costs | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Charitable activities | 74,605 | 25,934 |
100,539 | 34,330 | |
| Governance costs | – | 11,017 |
11,017 | 18,129 | |
| ------------------------------- | ------------------------------- | ------------------------------------- | ------------------------------- | ||
| 74,605 | 36,951 |
111,556 | 52,459 | ||
| =============================== | =============================== | ===================================== | =============================== | ||
| 9. | ANALYSIS OF SUPPORT COSTS | ||||
| Activities | |||||
| undertaken | |||||
| directly | Total 2023 | Total 2022 | |||
| £ | £ | £ | |||
| Governance costs | 11,017 | 11,017 | 18,129 | ||
| Charitable activities | 25,934 | 25,934 | 20,027 | ||
| ------------------------------- | ------------------------------- | ------------------------------- | |||
| 36,951 | 36,951 | 38,156 | |||
| =============================== | =============================== | =============================== | |||
| 10. | NET (EXPENDITURE)/INCOME | ||||
| Net (expenditure)/income is stated after | charging/(crediting): | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 221 | 141 | |||
| ================ | ================ |
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DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
OUR KIDS FIRST COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 OCTOBER 2023
11. INDEPENDENT EXAMINATION FEES
| INDEPENDENT EXAMINATION FEES | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 2,400 | 1,776 |
| ========================== | ========================== |
12. STAFF COSTS
During the period the charity had 20 volunteers assisting with direct charitable activities.
The average head count of employees during the period was one.
No employee received employee benefits of more than £60,000 during the period.
Key Management Personnel
The trustees did not employ any key management personnel during the period.
13. TRUSTEE REMUNERATION AND EXPENSES
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
The charity has incurred expenses of £1,665 which have been reimbursed to the trustees.
14. TANGIBLE FIXED ASSETS
| Equipment | Total | ||
|---|---|---|---|
| £ | £ | ||
| Cost | |||
| At 1 November 2022 | 703 | 703 | |
| Additions | 400 | 400 | |
| -------------------------- | -------------------------- | ||
| At 31 October 2023 | 1,103 | 1,103 | |
| ========================== | ========================== | ||
| Depreciation | |||
| At 1 November 2022 | 141 | 141 | |
| Charge for the year | 221 | 221 | |
| -------------------------- | -------------------------- | ||
| At 31 October 2023 | 362 | 362 | |
| ========================== | ========================== | ||
| Carrying amount | |||
| At 31 October 2023 | 741 | 741 | |
| ========================== | ========================== | ||
| At 31 October 2022 | 562 | 562 | |
| ========================== | ========================== | ||
| 15. | DEBTORS | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Prepayments and accrued income | – | 75 | |
| Other debtors | 1,508 | 1,413 | |
| -------------------------- | -------------------------- | ||
| 1,508 | 1,488 | ||
| ========================== | ========================== |
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DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
OUR KIDS FIRST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 OCTOBER 2023
16. CREDITORS: amounts falling due within one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 2,400 | 1,992 |
| Social security and other taxes | 297 | – |
| Other creditors | 1,165 | 6,630 |
| -------------------------- | -------------------------- | |
| 3,862 | 8,622 | |
| ========================== | ========================== |
Other creditors include an amount of £1,165 which is owed to the trustees of this charity on an interest free basis.
17. PENSIONS AND OTHER POST RETIREMENT BENEFITS
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £399 (2022: £146).
18. ANALYSIS OF CHARITABLE FUNDS
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 November | 31 October | |||
| 2022 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| General funds | 12,451 | 66,891 | (78,285) | 1,057 |
| =============================== | =============================== | =============================== | ========================== | |
| At | At | |||
| 1 November | 31 October | |||
| 2021 | Income | Expenditure | 2022 | |
| £ | £ | £ | £ | |
| General funds | – | 65,680 | (53,229) | 12,451 |
| ================ | =============================== | =============================== | =============================== | |
| Restricted funds | ||||
| At | At | |||
| 1 November | 31 October | |||
| 2022 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| Various restricted funds | 16,770 | 41,735 | (35,621) | 22,884 |
| =============================== | =============================== | =============================== | =============================== | |
| At | At | |||
| 1 November | 31 October | |||
| 2021 | Income | Expenditure | 2022 | |
| £ | £ | £ | £ | |
| Various restricted funds | – | 20,000 | (3,230) | 16,770 |
| ================ | =============================== | ========================== | =============================== |
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DocuSign Envelope ID: BA50F716-3EB5-40C0-A98D-7538A759DD08
OUR KIDS FIRST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 OCTOBER 2023
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 741 | – | 741 |
| Current assets | 4,178 | 22,884 | 27,062 |
| Creditors less than 1 year | (3,862) | – | (3,862) |
| -------------------------- | ------------------------------- | ------------------------------- | |
| Net assets | 1,057 | 22,884 | 23,941 |
| ========================== | =============================== | =============================== | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 562 | – | 562 |
| Current assets | 20,511 | 16,770 | 37,281 |
| Creditors less than 1 year | (8,622) | – | (8,622) |
| ------------------------------- | ------------------------------- | ------------------------------- | |
| Net assets | 12,451 | 16,770 | 29,221 |
| =============================== | =============================== | =============================== |
20. RELATED PARTIES
During the year, the charity received donations aggregating £4,010 from the trustees and their relatives.
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