Registcrcd Charity Number :_ 1198462 THE KIDS BANK HQ FINANCIAL STATEMENTS FOR THE YEAR END 06 April 2024 The Kids Bank HQ 6 Betbany Clos¢ Hornchurch THE KIDS BANK HQ CONTENTS FOR THE YEAR ENDED 06 April 2024 STATEMENT OF FINANCIAL ACTIVITIES................................................................................................................ BAI.ANCF. SHF.F.T........................................................................................................................................................... NO"I'ES"I'O"I'HE FINANC'IAL S"I"A"I"EMEN"I"S.............................................................................................................. THE KIDS BANK HQ STATEMENT OF FINANCIAL A(JIVITIES FOR THE YEAR ENDED 06 April 2024 Recommended categorie5 by actii'ity Unrestricted funds Total Funds 2024 Total Funds 2023 Noles Income and endowments from: Donations and legacies 4.753.88 4.753.88 3,955.98 Charitable activiiies 59.603.72 59,603.72 31,904.05 Total 64J57.60 64,357.60 35,860.03 Expenditure on: Raisinby funds C"haritable aclivilie5 27.545.15 27.545.15 14.235.52 37.875.36 37.875.36 15.207.91 Other 1.877.20 1.877.20 369.99 Totul 67297.71 67,297.71 29,813.42 Net income/(expenditurel 12,940.11) {2,940.11) 6,U46.61 Net movement in funds 12.940.11) (2,940.11 > 6,lJ46.61 Reconciliation of funds: Total tunds broughi forward 6.046.61 6.046.61 Total funds earned forward 3,106.$0 3,106.$0 6,046.61 THE KIDS BANK HQ BALANCE SHEET FOR THE YEAR ENDED 06 April 2024 BANKI Recommended categorie5 by actii'ity Unrestricted funds Total Funds 2024 Noles Total Funds 2023 Fixed assets Tangible assets 2.954.42 2.954.42 639.97 Total fixed assets 2.9$4.42 2,954.42 639.97 C'urreni assets Debtors 236.94 236.94 234.94 Cash al bank and in hand 10 1.115.26 .115.26 6,953.30 Total current assets lJ52.20 lJ52.20 7,188.24 Creditors.. amounts falling due 'iihin one year 1.200.12 1.200.12 1.781.60 Net current ssetsl(li#bilities) 1,406.64 Totul net #s8et5 or liabilities 3,106.50 3,106..SO 6,046.61 Funds of the Charity UnreslriLILd funds 12 3.106.50 3,106.50 6,046.61 Restrieted income funds 12 Endowment funds 12 TotAI funds 3.106.$0 3,106.50 6,046.61 The finaniial 51atemenls were approved by Ihe Board on 06-F¢￿2025 and signed on its behalf by: Clare Foster Chair 0610212025 THE KIDS BANK HQ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 06 April 2024 l Accounting Policies 1.1 Accounting Policies The principal accounting policies adopled by the Charity, INhich is a public benefit enlity, in the preparation of the acLounLs are as follows. 1.2 B49is of prepar#¢ion These aucounts have been prepared under ihe historical cosi convention. as modified by the inclusion or charitable properties and Iixed asset investments and inveslmenl propcrtics at valuation. These aLLounis have been prewdred in accordanLe iih '"AcLountingJ and Reportin&F b). Charities.. Sialeineni or Rccommcndcd Practicc applicablc lo charilics prcparit)g Ihcir accounts in accordancc ￿..]lh Ihc Financial Reportingi Standard appliLable in ihe UK and Republic of Ireland IFRS 102)" lelTeLlive l January 20191 (C haritie8 %()RP {FRS 1021). the Financial Reporting Standard applicable in ihe UK and Republic ot Ireland {FRS 1021 and the C'harilies ALt 2011. These accounts arL prcscntLd in pounds sterling and rounded to the nearest pound. 1.3 Going concern The Trustees have prepared financial projections. taking into consideration the current economic conditions and have, al ihc limc ot approvin&F ihese accounis. a reasonablc expeciaiion thai the charih. has adcquatc rcsources to onlinue in operalic)nal exist¢nce for Ihe foreseeable future. Thus Ihey conlinue lo adopl the going concern basis ot accountingj in preparingJ the aceounis. 2 Income from Donations and Legacies Unrestricled funds Total Tol41 fullds 2024 funds 2023 AnAIysis Donation and gifts 4.753.88 4.753.88 3.955.98 4,753.88 4.753.88 3.955.98 THE KIDS BANK HQ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 06 April 2024 3 Income from Charltable Activities Unrestricted funds Total Total funds 2024 fund5 2023 Analysis Sale of Good 59.603.72 59.603.72 31.904.05 59.60J.72 59.603.72 31.904.05 4 Expenditure on Raising Funds Total funds 2024 Totyl funds 2023 Analysis Stag)ing' fundraising events Operniin charity shops Support Costs 307.58 .800.53 2,368.43 3.469.72 24.869.14 8,965.27 27.545.15 14.235.52 5 Expenditure on Charitable Activities Total funds 2024 Total funds 2023 Analysis Charilfv. running Lost Leg?al/prot"essional fees Itcm purchascs Support Cosls 8.665.88 1,573.44 3,131 14 3.422.84 25.786.64 37,875.36 938.06 9.565.27 15.207.91 THE KIDS BANK HQ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 06 April 2024 6 Support Costs Total funds 2024 Total funds 2023 Analysis Wages and salarie5 Priniing and slationery. Governance Costs Accountan15 fees 49,159.41 17,768.25 578.87 162.29 917.50 600.00 $0,6.SS.78 18,$30.-$4 7 Other Expenditure Unrestricted funds Total Tolal funds 2024 funds 2023 Analysis Other ExpLndilure DLprLcialion Chargye l-or the Year - Plant & Machinery Depreciation ChargJe for the Year - Fixtures & F ilting5 Depreciation Charge for the Year - Computer Equipment 240.00 240.00 50.00 393.62 393.62 359.35 359.35 884.23 884.23 319.99 1,877.20 ,877.20 369.99 THE KIDS BANK HQ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 06 April 2024 8 Tangible Fixed Assets 8.1 Cost or valuation Plant & Machinery Fixtures & Fittings Computer Equipment At 07 April 2023 959.96 Additions 1,180.87 1,078.04 1.692.74 Disposals Revaluations Transters At 06 April 2024 1.180.87 1.078.04 2.652.70 8.2 Amortisation and impairments Plant & Machinery Fixtur￿ & Fittings Computer Equipment Al 07 April 2023 319.99 Additions 393.62 359.35 884.23 Disposals Rcvaluations Transfers At 06 April 2024 393.62 359.35 1.204.22 8.3 Net book value Plant & Machineri Fixtures & Fitting5 Compuler Equipment At 07 April 2023 639.97 At 06 April 2024 787.25 718.69 1,448.48 THE KIDS BANK HQ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 06 April 2024 9 Debtors: Amounts falling due within one year Total fu￿d5 2024 Total funds 2023 Prepayments & ac¢rued income 236.94 236.94 234.94 234.94 10 Cash at bank and in hand Total funds 2024 To¢81 funds 2023 Cash at bank and on hand 115.26 6,953.30 115.26 6.953.30 I I Creditors: Amounts falling due within one year Total fund5 2024 Tot41 funds 2023 Accruals and deferred income Other creditors 600.00 600.00 600.12 1.200.12 1.181.60 1.781.60 THE KIDS BANK HQ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 06 April 2024 12 Charity funds 12.1 Details of material funds held and movemellts during the CURRENT reporting period Fulld Fund bal3inc¢s brought balances carried fonTr'ard forward Gains and los Fund namo Income Expenditure Transfers Unrestricted funds 6.046.61 64.357.60 (67.297.71) 3.106.50 Total 6.046.61 64.357.60 {67.297.71) 3.106.50 12.2 Det¥ils of materi¥l funds held #nd movements during the PREVIOUS reporting period Fund Fund b#lances brought balmnces t#rried fon*'#rd forward Fund nam&s Income F.xpenditure Transfers and losses Unrestricted funds 35.860.03 (29.813.42) 6.046.61 Total 35.860.03 (29.813.42) 6.046.61 12.3 Transfers between funds Thi5 Year Amount Betiveen unrestricted and reslricled funds Between endow'ment and reslricled fund5 Between endow'ment and unrestricled funds Last Year Amount Between unrestricted and restricted funds Bcm'ccn cndow'mcnt and rcstrictcd fund5 BeN.'een end0￿.Ment and unrestricled funds 10 Trustees, annual report (including directors, report) for the period CHARITY COMMISSION FOR ENGLAND AND WALES Perkid start dare Period end da Charity name The Kids Bank HQ Charity reg no.. Objectives and Activities SORP reference Summary ofthe purposes of the charty as set out in ils goveming document Para 1.17 o relieve Ihe needs of person$ in povety in the ondon and Essex areas by ways as the trustees om time-to-time think fil, including bul not xclusive lo providing elolhing, and essential baby lems lo those in need andlor other Charrties and anisalion is also workin to relieve ove roviding free essential items for children a9ed ￿11 ears. This Is in the form of donations from the ommunty or via fund$ raised via financial onations or income from store. hese included Ibut not limited tol nappies, clothing oys. uniform. hygiene rtems, formula. A Christmas ift appeal proving gifts lo local children from Iwggling families. es, Trustees have followed guidance while rrying out relevant activitiès and have consider il en making decisions related to the charity's urposes. Summary ofthe main aclivrties in relation to those purposes for the public benefit, in particular, the adiwlies, projeds or services identified in the accounts. Para 1.17aTh 1.19 statemenl confming ￿ether the trustees have had regard lo the guidan￿ issued by the Charity Commission on public benefrt Para 1.18 Additional information loptional) You may choose lo indude further stslemenls vthere relevant abouL SORP reference Policy on grant making Para 1.38 Poliq on soaal invest￿￿nt indudiThJ program related investment Para 1.38 he Kids Bank HQ is not intending lo use Social Investment as a roule to achieve ils goals. ContribLrtion made by vdunleers Para 1.38 ur volunteers assist in the operation of our nonprofit organisation, and we find them directly or via through a nearby volunteer centre. Their fun¢b"ons vary from general administrab'on lo driving, inventorying roducts, and sorbn and ackin donations. Other Charitatle DJrry*ry arwJnts lenW5-Truslees' rppxt knrthe Decamber2016 2of8 Achievements and Performance SORP reference Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of tts beneficianes and any WKler beneffts to society as a whole. Para 1.20 During the OLrtlineil period we have Successfully upported hundreds of families living in poverty in e local areas. his has been done by providing essential items for ildren aged 0-11 years. This has relieved some ¢ial financial burden for struggling families during e current cost of living crisis, as well as improving ental heath ofthose affected. ur free school unrfomi wor1(shop greatly supported milie$ with the huge rising cost of school aged hildren. We were able to equip children with the ssenbals for a su¢cessfvl start lo a new school ear. ur Christmas Appeal provides hundreds of ildren with Christmas gifts that would not have eceived one otherwse. This raised parent morale nd allowed pressure lo be taken from them over e festive $ea$on. a whole surrounding communities were brought ogether lo help us support those less fortunate. romoling community wellbeing, as well as saving e amounts of waste b rec Additional information loptional) You may choose lo indude ffijrther statements ¥the￿ relevant atoul.. SORP reference Achievements against obj'edives set Para 1.41 succeeded in supporting the exact number of customers lor ea¢h appeal, and we did il with a minimum of 100%. he majority of appeals ￿sUlted in exceeding the inib-al oals set. undraising has been difficult this year, we have run everal small aclivrties such as raffles. Performance of fundraising activitses Para 1.41 against objedive5 sel Investment performance agwnsl objects'ves Para 1.41 Other charit8￿e coffparty ¥xtyJnts kni*-Truth' *nual repjt •KyJ Deeember 2016 3of8 Financial Review SORP reference Para 1.21 Review ol the charity'5 finanae4 F¥)sition at the end of the perThJ h the current financial crisis, 50urcing funding has become more difficult lo obtain. The vast majority of our financial donations are from individuals and Businesses that follow our charities mission and support our cause. We have seen an increase in sales In our store, this seems lo be due to the cost of living and people seeking cheaper altemabves with the rising costs of raising children. We are extremely proud to have run and maintained our Charrty self-sufficiently this year. However, going forward we will need to consider future rant a licalions. The reserves are needed to meet the working capilal requirements of the charity and the Management Committee are eonfidenl that 31 this level they would be able to continue the current acb"vilies ol the charty in the event of a significant drop in funding via paying wages and any over heads. Since we are a charrtable organisalion, many families In need contsct us outside of the appeal penods. As a resuk. we need the reserves o cover an as$istsn¢e that our clients ma need. Slalemenl explaining the policy f holding reseNes stsling why they are held Para 1.22 Amount of reserves held Para 1.22 .106 Reasons for holding zero reseNe$ Para 1.22 Details 00 Eund materially in defiGI Explanation of any uncertainties about the chanly continuing as a going concern Para 1.24 Para 1.23 ilst we have ￿mained relatively sew sufficient hi$ year. as the people relying on our services row, we wll need to look al fvrther grant makers lo nsure we can cover the day to day runnin9 of our ha Additional information loptional) You may choose lo indude fjJrther statements ￿ere relevant a￿ut.. SORP reference The chanty's prinapal sources of fund5 lincluding any fundraising} Para 1.47 Most of our unrestricted fvnds are generated from community donations. Investment Oicy and objectives including any S￿la1 investment policy adopled Para 1.46 A desuiplion of the principal risks facing the charty Para 1.46 Other charit8￿e coffpany *xtyJnts knW-Truth' *nual rep*Jt •KyJ Deeember 2016 4of8 Structure, Governance and Management Description of charity's trusts.. SORP reference Para 1.25 Type of goveming document Ilrusl deed, memorandum aTrJ artide$ ol association elcl How is the charity conslitlrted? le.g limrted company, unincorporated association, Clol Tru51ee selection methods induding details of any conslrtulional provisions e.g. election lo post or name of any person or trfjty entitled to appoint one or n￿e trustees onslrtution Document Para 1.25 cio Para 1.25 rustee are fixed and there are no plans to expand e group. The Trvslee do however appoint epresentatives to help in the day to day running of he CIO in accordance wth its constitution. These re selected and agreed by the Board of Trustees al board meeting. When ch¢x>sing candidates, the slees tske into account the abilrties. ackgrounds, and experience required for the fficient mana ement of the CIO. Additional information loptional) You may choose lo indude lurther statements where relevant ats)ut'. SORP reference Policies and procedures adopted for Para 1.51 the induction and training of trustees copy of the previous yearfs accounts, past AGM meetings. and Ihe Constitution are all supplied lo ew trustees. The charity's organisalional Structu￿ Para 1.51 and any wider network with which the charity works Re181ionship wth any related parties Para 1.51 his Charity is nol part of a wder ne￿Ork. Other charit8￿e coffparty ¥xtyJnts kni*-Truth' *nual repjt •KyJ Deeember 2016 5of8 Reference and Administrative details Charity name T]* Kids Bank HQ Other name the charity uses Registered chanty number 119&162 Charity's prinapal address 6BethanycI￿e Homchurch Essex RM124QD Names of the charity trustees who manage the charity Office lif any) Dales acied Il noi for Name of person lor whole year body) entitled to appoint trustee lif any) Trustee name Clare F(Ister Chair Claire Saunders Trustee Kelly R<￿e¥ear Twstee 20 charit8￿e coffparty ¥xtyJnts kni*-Truth' *nual repjt •KyJ Deeember 2016 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 charit8￿e coffparty ¥xtyJnts kni*-Truth' *nual repjt •KyJ Deeember 2016 7of8 Funds held as custodian trustees on behalf of others Description of the assets held in this nla capacity Name and objecls of the chanty on nla whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregatK)n of such assets Ifrom the charity's own assets la Additional information loptional) Names and addresses of advisers (Optional information) Type of adviser Name Address Name of chief executive or names of senior staff members (Optional information) Exemptions from disclosure Reason for non-disclosure of key personnel details Other optional information charit8￿e coffparty ¥xtyJnts kni*-Truth' *nual repjt •KyJ Deeember 2016 8of8 ## **Declarations** **The company has taken advantage of the small companies' exemption in preparing the report above.** ## **The trustees declare that they have approved the trustees' report (including directors' report) above.** Signed on behalf of the charity's trustees/directors _up_ Sig ~~n~~ ature ~~(s~~ ) I Full name(s) Clare Foster ~~�~~ Chair, etc) �-----------�------------� Position (eg Secretary, Chair I ## Date **06/02/2025 1** Charitable company accounts templates - Trustees' annual report for the period December 2016 ## CHARITY COMMISSION FOR ENGLAND ANO WAHS ## **Independent examiner's report on the accounts** **trustees/directors/ members of** ' ---------- -� **On accounts for the year** 6 A .pn **1** 2024 **ended** ~~**1**~~ ' --- ---- --- **Charity no.:** 1198462 Company no.: CE029088 **Set out on pages Report to the** The Kids Bank HQ **I** I report to the charity trustees on my examination of the accounts of the Company for the year ended 06/04/2024. **Responsibilities and basis of report** As the charity's trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts 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 for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your 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 material matters have come to my attention (other than that disclosed below*) which gives me cause to believe that: - accounting records were not kept in accordance with section 386 of the Companies Act 2006; or - the accounts do not accord with such records; or - the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 accounts have not been prepared in accordance with the Charities SORP (FRS102). **IER** **October 2018**