## **Kids4school**
# **Annual Report and Financial Statements**
# **Year Ended 31 December 2024**
Charity registration number: NIC100163
1
## **Statement of Financial Activities (Includes the income and expenditure account)**
## **Year Ended 31 December 2024**
|Note
**Income and endowments from:**
Donations and legacies
2
**Total income and endowments**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
3
**Net income / (expenditure)**
**Transfers between funds**
**Net movement in funds**
12
**Reconciliation of funds:**
Total funds brought forward
12
**Total funds carried forward**
12|2024
Unrestricted
funds
Restricted
funds
**Total**
£
£
**£**
307,996
308,866
**616,862**
307,996
308,866
**616,862**
1,541
-
**1,541**
344,952
200,634
**545,586**
346,493
200,634
**547,127**
(38,497)
108,232
**69,735**
(19,926)
19,926
**-**
(58,423)
128,158
**69,735**
668,048
536,880
**1,204,928**
609,625
665,038
**1,274,663**|2023
Total
£
495,670|
|---|---|---|
|||495,670
2,921
461,993|
|||464,914|
|||30,756
-|
|||30,756
1,174,172|
|||1,204,928|
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year and also the income and expenditure account.
11
## **Balance Sheet**
## **Year Ended 31 December 2024**
|Note
**Fixed assets**
Tangible assets
9
**Current assets**
Debtors
10
Cash at bank and in hand
**Creditors: amounts falling due within one year**
11
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Charity Funds**
Restricted funds
12,14
Unrestricted funds
12,14
**Total charity funds**
12,14|**2024**
**£**
**4,358**
**14,622**
**1,262,283**
**1,276,905**
**(6,600)**
**1,270,305**
**1,274,663**
**1,274,663**
**609,625**
**665,038**
**1,274,663**|2023
£
5,315|
|---|---|---|
|||12,576
1,187,877|
|||1,200,453
(840)|
|||1,199,613|
|||1,199,613|
|||1,204,928|
|||668,048
536,880|
|||1,204,928|
The financial statements were approved and authorised for issue by the Board on 4 February 2026.
Signed on behalf of the board of trustees
Rev Tom Robinson, Trustee
4 February 2026
The notes on pages 14 to 20 form part of these financial statements.
12
## **Statement of Cash Flows**
## **Year Ended 31 December 2024**
|**Cash flow from operating activities**
Net income / (expenditure) for year / period
Depreciation and impairment of tangible fixed assets
(Increase) / decrease in debtors
Increase / (decrease) in creditors
**Net cash flow from operating activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at 1 January 2024**
**Cash and cash equivalents at 31 December 2024**
**Cash and cash equivalents consists of:**
Cash at bank and in hand
**Cash and cash equivalents at 31 December 2024**|**2024**
**£**
**69,735**
**957**
**(2,046)**
**5,760**
**74,406**
**74,406**
**1,187,877**
**1,262,283**
**1,262,283**
**1,262,283**|2023
£
30,756
1,166
22,768
(2,520)|
|---|---|---|
|||52,170|
|||52,170
1,135,707
1,187,877
1,187,877
1,187,877|
13
**Notes to the Financial Statements**
## **Year Ended 31 December 2024**
- **1 Summary of significant accounting policies**
## **(a) General information and basis of preparation**
Kids4school is a charitable trust constituted in Northern Ireland. The address of the registered office is given in the charity information on page 3 of these financial statements. The nature of the charity’s operations and principal activities are noted in the Trustees Report.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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 issued in October 2019 and the Charities Act (Northern Ireland) 2008.
The financial statements are prepared on a going concern basis. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **(b) Funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **(c) Income recognition**
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in the Trustees’ Annual Report.
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.
14
**Notes to the Financial Statements**
## **Year Ended 31 December 2024**
## **(d) Expenditure recognition**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:
- Expenditure on charitable activities includes support and governance costs; and
- Other expenditure represents those items not falling into the category above.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
## **(e) Tangible fixed assets**
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Fixtures and fittings 18% Reducing balance Motor vehicles 18% Reducing balance
## **(f) Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **(g) Impairment**
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
## **(h) Leases**
Rentals payable and receivable under operating leases are charged to the SoFA on a straight line basis over the period of the lease.
## **(i) Foreign currency**
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.
Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.
15
**Notes to the Financial Statements**
## **Year Ended 31 December 2024**
## **(j) Employee benefits**
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
## **(k) Tax**
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charity for UK corporation tax purposes.
## **(l) Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
## **(m) Judgements and key sources of estimation uncertainty**
The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements:
Depreciation of fixed assets
The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year include:
The useful economic life of the asset
## **2 Income from donations and legacies**
|Corporate sponsorship
Gifts
Gift aid|**2024**
**£**
**600**
**551,750**
**64,512**
**616,862**|2023
£
700
450,049
44,921|
|---|---|---|
|||495,670|
Income from donations and legacies was £616,862 (2023 - £495,670) of which, £308,866 (2023 - £234,153) was attributable to restricted and £307,996 (2023 - £261,517) was attributable to unrestricted funds.
16
**Notes to the Financial Statements**
## **Year Ended 31 December 2024**
## **3 Analysis of expenditure on charitable activities**
|Charitable activities
Transfers to Tanzania
Work & witness
Miscellaneous fundraising costs
Rent & electricity
Office staff costs
Telephone & internet
Postage, stationery & sundries
Motor & travel
Depreciation
Professional fees
Bank fees
Governance costs (note 4)|Unrestricted
Restricted
**TOTAL**
Total
2024
2024
**2024**
2023
£
£
**£**
£
186,817
176,308
**363,125**
294,628
-
24,326
**24,326**
-
1,541
-
**1,541**
2,921
18,291
-
**18,291**
17,776
94,850
-
**94,850**
103,970
1,989
-
**1,989**
1,936
26,525
-
**26,525**
20,350
3,015
-
**3,015**
3,218
957
-
**957**
1,166
5,184
-
**5,184**
16,349
1,564
-
**1,564**
1,760
5,760
-
**5,760**
840|
|---|---|
||346,493
200,634
**547,127**
464,914|
## **4 Governance costs**
|Independent examiner’s fees
Auditor’s remuneration (including expenses and benefits in kind)|**2024**
**£**
**360**
**5,400**
**5,760**|2023
£
840
-|
|---|---|---|
|||840|
## **5 Net income for the year**
|Net income is stated after charging / (crediting):|||
|---|---|---|
||**2024**|2023|
||**£**|£|
|Depreciation of tangible fixed assets|**956**|1,166|
## **6 Auditor’s remuneration**
The auditor’s remuneration amounts to an audit fee of £5,400 (2023 - £Nil ).
## **7 Trustees' and key management personnel remuneration and expenses**
The trustees neither received nor waived any remuneration during the year (2023: £Nil).
The trustees did not have any expenses reimbursed during the year (2023 - £Nil ).
17
**Notes to the Financial Statements**
## **Year Ended 31 December 2024**
## **8 Staff costs and employee benefits**
The average monthly number of employees and full time equivalent (FTE) during the year was as follows: 2024:4 (2023:5)
The total staff costs and employee benefits were as follows:
|Wages and salaries
Social security
Defined contribution pension costs|**2024**
**£**
**85,936**
**7,176**
**1,738**
**94,850**|2023
£
95,056
7,141
1,773|
|---|---|---|
|||103,970|
No employees received total employee benefits (excluding employer pension costs) of more than £60,000 (2023: Nil).
## **9 Tangible fixed assets**
|Cost or valuation:
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation:
At 1 January 2024
Charge for the year
Eliminated on disposals
At end date 2024
Net book value:
At 31 December 2024
At 31 December 2023|Fixtures
fittings &
Equipment
Motor
vehicles
Total
£
£
£
25,106
10,508
35,614
-
-
-
-
-
-|
|---|---|
||**25,106**
**10,508**
**35,614**|
||21,940
8,359
30,299
570
386
956
-
-
-|
||**22,510**
**8,745**
**31,255**|
||**2,596**
**1,763**
**4,359**|
||3,166
2,149
5,315|
## **10 Debtors**
|Other debtors|**2024**
**£**
**14,622**
**14,622**|2023
£
12,576|
|---|---|---|
|||12,576|
18
**Notes to the Financial Statements**
## **Year Ended 31 December 2024**
## **11 Creditors: amounts falling due within one year**
|**reditors: amounts falling due within one year**|||
|---|---|---|
|Accruals and deferred income|**2024**
**£**
**6,600**
**6,600**|2023
£
840|
|||840|
## **12 Fund reconciliation Unrestricted funds**
|Unrestricted
**estricted funds**
Uniform & feeding
Desk Equipment
Drinking water
Toilets
Vocational
Work & Witness
Kids2school academy
Project Hombolo
Project housing
Project medical
Project shoes|Balance at
1 January
2024
Income
Expenditure
Transfers
Balance at
31 December
2024
£
£
£
£
£
668,048
307,996
(346,493)
(19,926)
**609,625**|
|---|---|
||Balance at
1 January
2024
Income
Expenditure
Transfers
Balance at
31 December
2024
£
£
£
£
£
347,646
100,576
(52,386)
-
**395,836**
63,325
16,962
(4,066)
-
**76,221**
10,398
39,089
(19,660)
-
**29,827**
-
88
-
-
**88**
93,211
55,834
(4,101)
-
**144,944**
3,000
23,912
(30,752)
3,840
**-**
90
80
-
-
**170**
11,424
1,210
(11,372)
-
**1,262**
4,966
50,675
(71,727)
16,086
**-**
2,820
15,571
(1,701)
-
**16,690**
- 4,869
(4,869)
-
**-**|
||536,880
308,866
(200,634)
19,926
**665,038**|
||1,204,928
616,862
(547,127)
-
**1,274,663**|
## **Restricted funds**
19
**Notes to the Financial Statements**
## **Year Ended 31 December 2024**
## **13 Fund descriptions**
a) Unrestricted funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
## b) Restricted funds
Uniform & feeding – funds to provide uniform and feeding to the children in Tanzania Desk equipment – Fund to provide equipment to the schools in Tanzania Drinking water – Fund to provide drinking water for the communities in Tanzania Toilets – Fund to provide toilet facilities for the communities in Tanzania Vocational - Fund to provide vocational training in Tanzania Work & Witness - Fund to provide for work and witness in Tanzania Kids2school academy - Fund to provide for an academy in Tanzania Project Hombolo - Fund to provide accommodation in Hombolo, Tanzania Project housing - Fund to provide housing in Tanzania
Project medical – Fund to provide for medical treatment in Tanzania Project shoes – Fund to provide shoes for the children in Tanzania
## **14 Analysis of net assets between funds**
|**At 31 December 2024**
Fixed assets
Bank
Other current assets
Current liabilities
Total|Unrestricted
funds
Restricted
funds
**Total**
Total
2024
2024
**2024**
2023
£
£
**£**
£
4,358
-
**4,358**
5,315
597,245
665,038
**1,262,283**
1,187,877
14,622
-
**14,622**
12,576
(6,600)
-
**(6,660)**
(840)|
|---|---|
||609,625
665,038
**1,274,663**
1,204,928|
## **15 Financial commitments**
The charity had no unprovided for financial commitments at the year end.
## **16 Events after the end of the period**
There were no post balance sheet events to be disclosed.
## **17 Off-balance sheet arrangements**
There are no off balance sheet arrangements.
20