Registered Charity. Number :. 1198462 THE KIDS BANK HQ a Charitable Incorporated Organisalion FINANCIAL STATEMENTS FOR THE YEAR END 06 April 2023 The Kids Bank HQ 6 Bethany Close Hornchurch
THE KIDS BANK HQ CONTENTS Kl SO BANKI FOR THE YEAR ENDED 06 April 2023 STATEMENT OF FINANCIAL ACTIVITIES.... .. .......... BALANCE SHEET........................................................................................................................................................... NOTES TO TIIE FINANCIAL STATEMENTS....
THE KIDS BANK HQ STATEMENT OF FINANCIAL ACTIVITIES Kl SO BANKI FOR THE YEAR ENDED 06 April 2023 Total Recommended categories by #ctivitv Notes Unreqtrieted funds Restrieted income funds Endowment funds Total Funds 2023 2022 Ineoming resources Income and endowment5 from: Donation8 and legacies 3.955.98 0.00 0.00 3.955.98 0.00 Charitable activities 31.904.05 0.00 0.00 31.904.05 0.00 To¢al 35,860.03 0.00 0.00 35,860.03 0.00 Resources expended Expenditure on: Raising) tunds 14,235.52 0.00 0.00 14,235.52 0.00 Charitable activities 15.207.91 0.00 0.00 15,207.91 0.00 Oiher 369.99 0.00 0.00 369.99 0.00 Total 29,813.42 0.00 0.00 29,813.42 0.00 Net income/{expenditure) before investment gAinsl(ltssses) 6.046.61 0.00 0.00 6,046.61 0.00 Net ineomd(expenditure) 6,046.61 0.00 0.00 6,046.61 0.00 Ncl moN'ement in funds 6,046.61 0.00 0.00 6,046.61 0.00 Rcconciliation of funds: Total funds brought fOr'ard 0.00 0.00 0.00 0.00 Total funds earried forward 6.046.61 0.00 0.00 6,046.61 0.00
THE KIDS BANK HQ BALANCE SHEET FOR THE YEAR ENDED 06 April 2023 BANKI To¢al Funds 2022 Recommended categories by activity Lyotes Unrestricted runds Restricted income funds Endowment funds Total Funds 2023 Fixed asscts Tangible assets 639.97 0.00 0.00 639.97 0.00 Total tixed assets 639.97 0.00 0.00 639.97 0.00 Current assets Debtors 234.94 0.00 0.00 234.94 0.00 Cash al bank and in hand 10 6.953.30 0.00 0.00 6.953.30 0.00 Total current assets 7.188.24 0.00 0.00 7,188.24 0.00 Creditors.. amounts rallingy due wiihin one year 1.781.60 0.00 0.00 1,781.60 0.00 Net curreni asset{liabl1itLes) 5.406.64 0.00 0.00 5.406.64 0.00 Total assets less current liabilities 6,046.61 0.00 0.00 6,046.61 0.00 Total net assets or 6,046.61 0.00 0.00 6,046.61 0.00 runds of the Charity lJnrestricted funds 12 6.046.61 6.046.61 0.00 Restricted income funds 12 0.00 0.00 0.00 Endowment funds 12 0.00 0.00 0.00 Total fund5 6,046.61 0.00 0.00 6,046.61 0.00
THE KIDS BANK HQ BALANCE SHEET FOR THE YEAR ENDED 06 April 2023 BANKI The financial ststements were approved by the Board on 15-Feb-2024 and signed on its behalf by.. Clare Foster Trustee Date: .151.Q212024.....
THE KIDS BANK HQ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 06 April 2023 BANKI l Accounting Policies 1.1 Accounting Policies The prineipal accounting poliLies adopted by ihe Charit).. which is a public benefit entity. in the preparation of the accounts are as tolloivs. 1.2 Basis of preparation Thcsc accounls havc bccn prcparcd undcr Ihc historical cosl convcnlion. as modified by the inclusion of chari(able properties and fixed asset invesiments and invesimeni properties ai valualion. Thcsc a¢coun15 havc bccn prcpared in accordance M'iih "Accounling and Rcportin¥ by C haritics.. Stsicmcnl of ReLommended PraLiice appliLable lo charities preparing iheir acci)unis in accordanLe iviih ihe Financial RLporlingy Standard applicablL in thL UK and RLpublic of Ircland11.-RS I O?)" (cffLclic l January 2019) IC'hariiie% SC)RP Il". RS l O?)). the Financial Rew)rtii)gi Standard applicable iii Ihe IIK and RepubliL of Irelaiid IFRS 1021 and the Charities Act 201 These accounis are presented in p)unds sierling and rounded io ihe nearest pound. 1.3 Clloing eoneern The Trusiee5 have prepared financial projection& taking into consideration the current economic conditions and have. at the time ofapproving Ihese accounls. a reasonable elpeclalion that (he charily has adequate resources to continue in opcrational cxi51cncc for ihe foreseeable future. Thus they continue lo adopt the going conccrn basis ofa¥Lounting? in preparinby the alcounts. 2 Income from Donations and Legacies Unrestricted fund5 Restrieted ineome funds F.ndowm¢nt fund5 Tolal funds 2023 Total funds 2022 Analysis Donation and gifts 3,955.98 0.00 0.00 3.955.98 0.00 Total 3,955.98 0.00 0.00 3.955.98 0.00 3 Income from Charitable Activities Ullrestrieted funds Restricted illcome funds Elldowmellt funds Total funds 2023 Total funds 2022 Anatysis
THE KIDS BANK HQ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 06 April 2023 BANKI Sale of Cood 31,904.05 0.00 0.00 31,904.05 0.00 Total 31,904.05 0.00 0.00 31,904.05 0.00 4 Expenditure on Raising Funds Total funds 2023 Total funds 2022 Analysis Staging fundraising events .800.53 0.00 Operating charity shops Suppori Costs 3.469.72 0.00 8,965.27 0.00 Total 14.2J5.52 0.00 5 Expenditure on Charitable Activities Total funds 2023 Total funds 2022 Analv8ls Charil). running ¢051 Legal/professional fees Item purchases 1.573.44 0.00 3.131.14 0.00 938.06 0.00 Support Costs 9.565.27 0.00 Total 15.207.91 o.uo 6 Support Costs Total fund5 2023 Total funds 2022 Analysis Wages and salaries Printing and stationery 17.768.25 0.00 162.29 0.00 Governance Costs Accountant5 fees 600.00 0.00 Total 18,530.54 .00
THE KIDS BANK HQ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 06 April 2023 BANKI 7 Other Expenditure Unrestricted funds Re51 ricted ineome funds Endow'ment funds Tolal funds 2023 Total funds 2022 Analysis Other Expenditure 50.00 0.00 0.00 50.00 0.00 Depreciation Charge for the Year- Computer Equipment 319.99 0.00 0.00 319.99 0.00 Total 369.99 0.00 0.00 369.99 0.00 8 Tangible Fixed Assets 8.1 Cost or valuation Compuler Equipment At 31 MarLh 2022 0.00 Additions 959.96 Disposals Revaluations 0.00 0.00 Transfer5 0.00 At 06 April 2023 959.96 8.2 Amortisation and impairments Compuler Equipment At 31 March 2022 0.00 Additions 319.99 Disposals Revaluations 0.00 0.00 Transfers 0.00 At 06 April 2023
THE KIDS BANK HQ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 06 April 2023 BANKI 8.3 N¢t book valu¢ Computer Equipment At 31 March 2022 0.00 At 06 April 2023 639.97 9 Debtors: Amounts falling due within one year Total fndS 2023 Total funds 2022 PrepAyments & Aecrued income 234.94 0.00 Total 234.94 0.00 10 Cash at bank and in hand Total fund$ 2023 Tol#l fund% 2022 Cash at bank and hand 6.953.30 0.00 Total 6.953.30 0.00 I I Creditors: Amounts falling due within one year Total funds 2023 Total funds 2022 Accruals and deferred income 600.00 0.00 Other creditors 1.181.60 0.00 Total 1.781.60 0.00 12 Charity funds 12.1 Detai15 of material funds held and movement5 during the CURRENT reporting period Fund names Fund balallce5 Gains and 105se5 Fund balances Income Expenditure Trallsfers
THE KIDS BANK HQ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 06 April 2023 BANKI brought furn'ard Carried fon*thrd Unrestricted funds 0.00 35.860.03 129.813.42) 0.00 0.00 6.046.61 Totxl 0.00 35.860.03 129.813.42) 0.00 0.00 6.046.61 12.2 Transfers between funds This Year Amount BLlwLLn unrLstriclLd and rLstrictLd funds BLiiveLn cndc)wmcnt and resiricicd lunds Bclwccn cndowmLnl and unrcslriclL.d lunds 0.00 0.00 0.00
Trustees, annual report (including directors, report) for the period CHARITY COMMISSION FOR ENGLAND AND WAIES Period start date Period end date Chariry name The Kids Bank HQ Charity reg Objectives and Activities SORP reference Summary ofthe purposes ofthe charity as sel out in rts govemiNJ document Pari 1.17 o relieve the needs of persons in poverty in the ondon and Essex areas by ways as the Irusle8s m time-to-ts'me think fit, including but not xclusive to providing clothing, and essential baby ems lo those In need andlor other Charities and anisalion is also workin lo relieve ove roviding free essential items for children aged 0-11 ears. This is in the forni ol donations frorn the ommunity or via funds raised via financial onalions or income from store. hese included Ibul not limited lol nappies. clothing oys, unifomi, hygiene items, fomiula. A Christmas rft appeal proving gifts to local children from tru families. es. Truslees have followed guidance while arrying out relevant activities and have consider it en making decisions related lo the ¢harity'¥ urposes. Summary ofthe main activities in relation lo those purposes for the public benefrt, in particular. the aclivilies, projects or services identrfied in the accounts. Para 1.17 ar#J 1.19 ststemenl cenfrmirKJ Nthetherthe trustees have had regard lo the guidance issued by the Charity Commission on public benefrt Para 1.18 Additional information (optional) You may choose to include further slalements where Televanl abcMt'. SORP reference Para 1.38 Policy on grant making PolKy on soc481 investment induding program related investrnenl Para 1.38 e Kids Bank HQ is not intending lo use Social nvestrnenl as a roule lo achieve its goals. Contribution made by vdunteer5 Para 1.38 ur volunteers assist in the operation of our onprofft organisalion, and we find them directly or ia through a nearby volunteer ¢enlre. Their nctions vary ftom eneral administration to driving, inventorying roducts and sortin and ackin donations. Other Charitatlè company accounts IwWat8s-Tw5te85' repNlknrthB tcmbÈr2018
2018 Achievements and Performance SORP reference Summary ol the main achievements of the charity. identifying the drfferen(e the arity'swork has made lo the circumstsnces of ts IH)efiaaries aThJ anywder benefits to society as a whole. Para 1.20 During the oudined period we have sueeessfully pported hundreds of families living in povety in e Ial areas. is has been done by providing essential items for ildren aged 0-11 years. This has relieved some rucial financial burden for struggling families durin9 e Crn1 cost of living crisis. as well as improving ental health of those affected. ur free school uniform workshop greatly supported milies with the huge rising cost of school aged hildren. We were able lo equip children with the ssenlials for a successftAI start lo a new school ear. ur Christmas Appeal provides hundreds of ildren wth Christmas gifts that would not have eceived one otherwse. This raised parent morale nd allowed pressure lo be taken from them over he festive season. a vh)ole suffounding communities were brought ogether lo help us support those less fortunate. romoting community wellbeing, as well a$ saving e amounts of waste b ree clin Additional information (optional) You may choose to include rther statements where Televanl aiM)ut'. SORP reference Para 1.41 Achievements against objectives set succeedeil in supporting the exact number of uslomers for each appeal, and we did il wth inimum of 100.10. majortty of appeals resutted in exceeding the nrtial oals sel. FurKlraising has been difficult this year, we have run veral sm8118CtNrties such as raffles. Performance ol fundraising acINN$ against objectives set Para 1.41 Investment perfomanee agairtsl objectives Par8 1.41 Other tcmbÈr2018
3018 Financial Review SORP reference Para 1.21 Review of the charity's financial posn atthe end ollhe th the current finanaal crisis. sourong funding as become more difficult to obtain. The vast ajorty of our financial donats.ons are from ndividuals 8nd Businesses that follow our charities ission and support our cause. We have seen an ncfease in sales in our store. this seems lo be due o the cost of living and people seeking cheaper emab.ves wlh the rising c051s of raising children. are extremely proud lo have run and aintained our Chafily self-sufficienuy this year. However. going forward we wll need lo consider ture rant a lications. e reserves are needed lo meet the working pital requ1mentS of the charity and the anagemenl Cornmittee are confident that al this evel they would be able to continue the current ctivities of the charty In the event of a significant rop in funding via paying wages and any over eads. Since we are a charitable organisation. any families in need contact us outside of the ppeal periods. As a result, we need the reserves o cover an assistance that our clients ma need. Stalernent explaining the policy for hdding reseNes slating whythey are hdd Para 1.22 Amount ol reserves heky Para 1.22 £6.647 Reasons for holding zero reserves Para 1.22 Details ol fund matsrialty in defvt Para 1.24 Explanation of any UnrtaInlieS aboul the charity continuing as a going concem Para 1.23 ilsl we have remained relatively self sufficient his year. as the people relying on our services row. we will need lo look al further grant makers I nsure we can cover the day lo day running of our hari Additional information (optional) You may choose to indude further statements where relevanl aboLrt'. SORP reference The charty's principal sour$ of funds linduding any fundraising Para 1.47 osl of our unrestricted funds are generated from mmunty donations. Investment policy and oty'ectives induding any social inveslmerrt policy adopted Para 1.46 A description ol the principal nsks facing the charity Para 1.46 Other t*mber20l8
4018 Structure, Governance and Management Description of charity's trusts: SORP reference Para 1.25 Type ol govemiNJ dolMent Ilrust deed. memorandum and artic$ ol assoaation etcl onstitubon Document How is the charity consbtuted? Para 1.25 cio le.g limrted company, uni•ed association, CIO) Trustee selection melhods including details of any constrtulional prtiwsions e.g. election lo post or name ol any person or enlilled lo appc¥nl oneu mLYe Iruslees Para 1.25 rustee are fixed and there are no plans lo expand he group. The Trustee do however appc)inl epresentalives to help in the day to day running of he CIO in accordance with ils constilulion. These re selecied and agreed by the Board of Trustees al board meeting. When choosing candidates, the rustee5 take into account the abilities, ackgrounds. and experience qUIred for the fficienl mana emenl of the CIO. Additional information (optional) You may choose lo include fvrther slalemenls Whe relevant abouL' SORP reference Para 1.51 Policies and procedu$ adopted for the induction and training of INstee$ copy of the wevious yearfs accounts, past AGM eeting$, and the Constitution are all supplied lo ew trustees. The charity's organisalional slwcture and any wider neOrk with which the charity works Relats'onship wrfh any relatsd part Para 1.51 is Charity Is rt part of a wider nefvrk. Para 1.51 Other tcmbÈr2018
5018 Reference and Administrative details Charity name The kn'ds Bank HQ Other name the charity uses Registered ehanty number 1198462 Charity's prinupal address 6Bethanv ai)se Hi)mchurch Essex RM12 4QD Names of the charity trustees who manage the charity Office lif any) Dates acted il not loi Name of person lor whole year body) enrirled io appoint trustee lif anvl Trusiee name Clare Fnsler Chair Claire Saunders Trusiee Kellv Rosevear Trustee 20 tcmbÈr2018
6of8 Reference and Administrative details (cont) Corporate trustees - names of the directors at the date the report was approved Director name Name of trustees holding title to property belonging to the charity Trustee name Dates acted if not for whole year tcmbÈr2018
7018 Funds held as custodian trustees on behalf of others Description of the assets held in this capacty Name and objects of the charity on whose behalf the assets are held and how this fall$ within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets cfrom the charity's own assets Additional information (optional) Names and addresses of advisers (Optional information) Type of adviser Name Address Name of chief executive or names of senior staff members Ioptional information) Exemptions from disclosure Reason for non-disclosure of key personnel detsils Other optional information tcmbÈr2018
8of8 Declarations The company has taken athiantage of the small ¢ompanie$' exemptlon in preparing the report above. The trustees dlar• thatthgy have approved the trustees, report (including dIrtors, report) above. Signed on behalf of the charity's trustees/directors Signaturels) Full namelsl aare Fter Position leg Secretary, Chair. etcl Chair Date 1S.02.24 Charitatlè company accounts IwWat8s-Tw5te85' repNlknrthB tcmbÈr2018
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Ind•pènd•nt Examiner's Report Reportto the trustoesldirectorsl members ol The Bank HQ On accounts far the y•ar ended 6 W"12023 Charlty no.: 11W62 Company no.: S•t out on pag l P)rt to the ¢h¥ty Injstees on my exin>n ofthe a¢unt$ of the ¢panY for the year ended C6104r2023. R•sponslbllltl•s •nd basi• of report As the charty's trust0 ol th• Company Ivtho are also the directors ofth• ompany fgr lh• purpw• gf coMnY lawl, you arn responsible for the preparation of the accounts in accordance wrth the requireTht8 ol the Ccmpanios Act 2CQ61"th• 2C(6 Act") Havino satIsfd mysdf that the acLounls ol the Company are not required to be 8udited for Ihis year under Part 16 of 2006 Act 3Thd are èligiblè for independent examination. l pOrt in specI of my examinalion of your charty's aetounts as camed out under seelion 145 of the Charrties Act 2011 (Yhe 2011 Act"). In carrying oul my examination, I have followed the Dlreetions gfven Dy the cnarty Commission (under seaion 14515llbl of the 2011 A¢1. Independènt •xamin•rf• •tst•ment I have comp18ted rny •xamination. I confirn that no material matters ha come to my attention lother than that disclosed telow'l which gives me ause to beIve that accounting records were not kept in acctrd8nce wrth seLtKin 3B6 01 the CoMpanS Acl 20C6. c Ihe aECDun15 tkn not acEDrd with such record5, C Ihe accounts do not comply wilh relevant a¢¢ounling wuiromonls undcr Sect 3g6 01 thc CompanK% Act 2006 other thon any reqUinnI that the accounts gNe a 'true and fairf view which is not a matter uJnsid•.rpd as part cjf an indFthpg.ndpnt pxaminatinn.. or Ihe accounts have not been prepared in xcordance with the Chants SORP IFRS1021 IER Odober X118
I have no eortèms and have come acxoss no othèr mattèrs in connedic wrth the examinatK)n to which attention should be drawn in report In der lo enable a proper uThJerstandIj of lUnts lo be reach1. ' pi&ase d8lere Ihe wonls In rfthey do rivl ytyly. SIgn. 14102r2024 Name: Kyl Fh1house Relevant professional qualificatlonlsl or body 101 Jny}- ICAEW ICACW Address: 18 Hanninfftkj Closo. Raybi9h, Essex. SS6 9EL Soction 8 Disclosure Onty complete rt the examiner needs lo highlwJht ma¢¥r¢al matters ol concern Isee LL32, Independent examinatien ol eharty accounis." direaion$ and guKlon¢e for ex•nin•rsl. Glve h•r• brltrld•talh of any It•m8 that th• •xamln•r wl•hM to dl8cIo89. IER October 2018