IRIS Accounts Production v25.1.3.33 Other Company accounts True false Pounds 1.7.23 30.6.24 30.6.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061962092023-06-30061962092024-06-30061962092023-07-012024-06-30061962092022-06-30061962092022-07-012023-06-30061962092023-06-3006196209ns0:CharitableCompanyLimitedByGuarantee2023-07-012024-06-3006196209ns15:PoundSterling2023-07-012024-06-3006196209ns11:FRS1022023-07-012024-06-3006196209ns11:IndependentExaminationCharity2023-07-012024-06-3006196209ns11:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006196209ns11:FullAccounts2023-07-012024-06-3006196209ns11:CharitiesSORP2023-07-012024-06-3006196209ns16:EnglandWales2023-07-012024-06-3006196209ns11:RegisteredOffice2023-07-012024-06-3006196209ns0:Trustee12023-07-012024-06-3006196209ns0:Trustee22023-07-012024-06-3006196209ns0:Activity82023-07-012024-06-3006196209ns0:Activity82022-07-012023-06-3006196209ns10:WithinOneYear2024-06-3006196209ns10:WithinOneYear2023-06-3006196209ns0:TotalUnrestrictedFunds2024-06-300619620922023-07-012024-06-30
REGISTERED COMPANY NUMBER: 06196209 (England and Wales)
REGISTERED CHARITY NUMBER: 1132787





















REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

PROPERTY FOR KIDS

PROPERTY FOR KIDS






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Report of the Trustees 1

Independent Examiner's Report 2

Statement of Financial Activities 3

Balance Sheet 4

Notes to the Financial Statements 5 to 7

PROPERTY FOR KIDS (REGISTERED NUMBER: 06196209)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of the charity is the relief of young people in need in the West Midlands area by reasons of ill-health, financial hardship or social circumstances through the provision of grants and items to charities or other organisations helping such young people.

ACHIEVEMENT AND PERFORMANCE
Fundraising activities
The charity holds several functions each year raising funds through ticket sales, raffles, auctions and sponsorship.

In 2006, the charity launched the BRENDAs, a fund raising awards ceremony for those in the world of property whose contributions to the industry are in some way unique.

The charity also hold an annual Snowball event where guests bring gift wrapped presents for distribution to young children's' homes across the region.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06196209 (England and Wales)

Registered Charity number
1132787

Registered office
Griffin House
19 Ludgate Hill
BIRMINGHAM
West Midlands
B3 1DW

Trustees
Mr C Batham - Read BSc(Hs) CEng MIMechE Chartered Engineer
Mr E R Gamble Chartered Surveyor

Independent Examiner
E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

Approved by order of the board of trustees on 24 March 2025 and signed on its behalf by:





Mr C Batham - Read BSc(Hs) CEng MIMechE - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
PROPERTY FOR KIDS

Independent examiner's report to the trustees of Property for Kids ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors 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 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 matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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
4. the accounts 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.








Steven Lomas

E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

24 March 2025

PROPERTY FOR KIDS

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 105,146 92,435

EXPENDITURE ON
Raising funds 28,127 23,220

Charitable activities
Donations distributed 61,010 44,275

Other (882 ) -
Total 88,255 67,495

NET INCOME 16,891 24,940


RECONCILIATION OF FUNDS
Total funds brought forward 73,118 48,178

TOTAL FUNDS CARRIED FORWARD 90,009 73,118

PROPERTY FOR KIDS (REGISTERED NUMBER: 06196209)

BALANCE SHEET
30 JUNE 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 4 1,635 1,500
Cash at bank 89,304 72,500
90,939 74,000

CREDITORS
Amounts falling due within one year 5 (930 ) (882 )

NET CURRENT ASSETS 90,009 73,118

TOTAL ASSETS LESS CURRENT LIABILITIES 90,009 73,118

NET ASSETS 90,009 73,118
FUNDS 6
Unrestricted funds 90,009 73,118
TOTAL FUNDS 90,009 73,118

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 24 March 2025 and were signed on its behalf by:





Mr C Batham - Read BSc(Hs) CEng MIMechE - Trustee

PROPERTY FOR KIDS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Related party exemption
The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.


3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 92,435

EXPENDITURE ON
Raising funds 23,220

Charitable activities
Donations distributed 44,275
Total 67,495


PROPERTY FOR KIDS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
NET INCOME 24,940


RECONCILIATION OF FUNDS
Total funds brought forward 48,178

TOTAL FUNDS CARRIED FORWARD 73,118

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,635 1,500

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 930 882

6. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 73,118 16,891 90,009

TOTAL FUNDS 73,118 16,891 90,009

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 105,146 (88,255 ) 16,891

TOTAL FUNDS 105,146 (88,255 ) 16,891


Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 48,178 24,940 73,118

TOTAL FUNDS 48,178 24,940 73,118

PROPERTY FOR KIDS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 92,435 (67,495 ) 24,940

TOTAL FUNDS 92,435 (67,495 ) 24,940

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.7.22 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 48,178 41,831 90,009

TOTAL FUNDS 48,178 41,831 90,009

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 197,581 (155,750 ) 41,831

TOTAL FUNDS 197,581 (155,750 ) 41,831

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.