for the Period Ended 31 December 2023
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2023 | 9 months to 31 December 2022 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
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(
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Gross profit(or loss): |
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Administrative expenses: |
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(
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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2023 | 9 months to 31 December 2022 | |
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£ |
£ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
(
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(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 December 2023
2023 | 9 months to 31 December 2022 | |
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Average number of employees during the period |
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for the Period Ended 31 December 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2023 |
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Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 December 2023 |
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Depreciation | ||||||
At 1 January 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 December 2023 |
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Net book value | ||||||
At 31 December 2023 |
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At 31 December 2022 |
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for the Period Ended 31 December 2023
2023 | 9 months to 31 December 2022 | |
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£ | £ | |
Trade debtors |
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Other debtors |
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Total |
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for the Period Ended 31 December 2023
2023 | 9 months to 31 December 2022 | |
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£ | £ | |
Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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PRINCIPAL ACTIVITIES Kingston Beats is a community interest company founded in March 2022 by recent migrants from Hong Kong settling in Kingston. The organisation's mission is to create a support network for Hongkongers who have recently immigrated, helping them maintain their cultural heritage while contributing to the well-being and development of the local community. Operated on a non-profit basis and powered by volunteers, Kingston Beats delivers a wide range of workshops, events, and activities to serve the growing Hong Kong community in southwest London. The organisation also actively collaborates with various community groups to foster social participation and cultural exchange, connecting Hongkongers with local residents and other ethnic communities. SERVICE REVIEW In 2023, Kingston Beats delivered over 360 sessions, totaling 600 hours of activities, to meet the diverse needs, interests, and aspirations of more than 6,000 attendees. New projects were launched to welcome recently arrived Hongkongers and to support older adults and families in their early stages of settlement. Most activities were funded by local authorities and charities, with some regular interest classes and activities operating on a self-financed basis. Key funded projects included: - Families Together (supported by The Royal Borough of Kingston upon Thames): Held on Saturdays, these interest classes and social activities provided a safe and welcoming environment for Hong Kong families to relax, build friendships, and strengthen family bonds. - Grow Well Together (supported by Thrive London): A pilot project for Hongkongers aged 60+ focused on learning and practicing the 5 steps to well-being: be active, keep learning, connect with others, take notice, and give. - Welcome Hongkongers (supported by the Mayor of London): A comprehensive service programme offering a wide range of activities to connect and support Hongkongers with diverse needs, fostering mutual help, creating positive experiences, and enhancing well-being. - Hong Kong Yummy Club (supported by The Royal Borough of Kingston upon Thames): These food-sharing events and cooking demonstrations promoted healthy and joyful living, while fostering social connections to improve overall well-being. - WE Club (supported by Kingston Charitable Foundation): A pilot project aimed at promoting physical and psychological well-being through wellness activities, while creating a welcoming hub for Hong Kong migrants to connect and socialize. Kingston Beats maintains sound financial management practices. The reported surplus is partly due to the timing of grant receipts for upcoming projects. The Directors prudently manage the surplus, using it to build a reserve for the organisation’s sustainable development and to fund much-needed projects and ongoing services that lack external funding.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
27 September 2024
And signed on behalf of the board by:
Name: Pui Yuk Wong
Status: Director