Charity Registration No. 1179010
Company Registration No. 10961014 (England and Wales)
KOOL CARERS SOUTH EAST LTD
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
KOOL CARERS SOUTH EAST LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr C Campbell
Mr D Baker
Mr J Wheeler
Miss S Granston
(Appointed 18 April 2025)
Charity number
1179010
Company number
10961014
Principal address
Unit 8 Alpha Business Park
Travellers Close
Welham Green
Herts
AL9 7NT
Registered office
Unit 8 Alpha Business Park
Travellers Close
Welham Green
Herts
AL9 7NT
Independent examiner
Hansford Brown Limited
Unit 8 Alpha Business Park
Travellers Close
Welham Green
Herts
AL9 7NT
Bankers
Metro Bank
G19 - G21 The Victoria Centre
Southend on Sea
Essex SS1 2NG
KOOL CARERS SOUTH EAST LTD
CONTENTS
Page
Trustees' report
1 - 2
Statement of trustees' responsibilities
3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 14
KOOL CARERS SOUTH EAST LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 30 September 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Companies Act 2006 and "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

The charity's objects are to provide a safe environment for young carers aged 8 to 18 years, living within the county of Essex, to help reduce their isolation and enhance individual wellbeing by:-

 

 

 

 

The policies adopted in furtherance of these objects have paid due regard to guidance issued by the Charity Commission.

Achievements and performance

Kool Carers South East Ltd continued to provide young carers aged 8 to 18 years, with a safe environment to gain professional support and reduce the feelings of isolation that so many were experiencing.

Whilst many of the young carers being supported had their own additional needs, the charity continued to witness an increase in the number of young carers living with neurodiversity. The families that the charity supported were experiencing physical and mental health issues, learning difficulties, drug and alcohol abuse, domestic abuse and poverty.

In the past year, Kool Carers has:

What we’re proud of;

The opening of our first charity shop in April 2024, which has been so welcomed by the local village community. The shop was opened in memory of a young carer, who attended Kool Carers provision, but who lost her battle with her own mental health. The shop is receiving generous donations from the local community, the sales of which are providing some additional financial stability to the charity. The shop has recruited 9 local volunteers, who are all committed and dedicated in making the shop a continuing and growing success.

KOOL CARERS SOUTH EAST LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
Financial review

The Charity has maintained its level of income for the year at £237,163, which has resulted in the accounts showing a small surplus of £1,919. The Charity retains reserves of £132,669 comprising £61,746 of restricted funds and £70,923 of general funds.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The organisation is a company limited by guarantee and a registered charity. The charity was registered as a charity as of 2 July 2018.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs R Klass
(Resigned 28 January 2025)
Mr C Campbell
Mr D Baker
Mr J Wheeler
Miss S Granston
(Appointed 18 April 2025)

We confirm that new trustees are appointed by a quorum of existing trustees/directors at a general meeting. None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

The trustees have no associations or links with any other charities.

Mission Statement

Young carers will be provided with a safe environment, to gain professional support, whilst having the opportunity to participate in tailored group activities, where they can develop life-skills, gain new knowledge, attend therapeutic interventions and respite opportunities. Kool Carers will work in partnership with young carers, their families and professionals in-order to safeguard, protect and secure positive outcomes for young carers.

Vision statement

Our vision for young carers; is a community where young carers no longer feel they have to care in the shadows, as they are able to develop positive relationships with young people, with whom they share an identity. Young carers will have increased self-confidence and enhanced resilience, which will improve individual emotional wellbeing and provide a foundation for them to build positive aspirations for the future.

The trustees' report was approved by the Board of Trustees.

Mr D Baker
Trustee
Dated: 25 June 2025
KOOL CARERS SOUTH EAST LTD
STATEMENT OF TRUSTEES' RESPONSIBILITIES  
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -

The trustees, who are also the directors of Kool Carers South East Ltd for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

KOOL CARERS SOUTH EAST LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF KOOL CARERS SOUTH EAST LTD
- 4 -

I report to the trustees on my examination of the financial statements of Kool Carers South East Ltd (the charity) for the year ended 30 September 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

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 that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements 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 financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

We 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 financial statements to be reached.

Hansford Brown Limited
Unit 8 Alpha Business Park
Travellers Close
Welham Green
Herts
AL9 7NT
United Kingdom
26 June 2025
KOOL CARERS SOUTH EAST LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
Unrestricted
Restricted
Total
Total
funds
funds
2024
2024
2024
2023
Notes
£
£
£
£
Income from:
Donations and legacies
3
39,536
177,304
216,840
231,331
Charitable activities
4
20,323
-
20,323
-
Total income
59,859
177,304
237,163
231,331
Expenditure on:

Raising funds

5
312
-
312
5,416
Charitable activities
6
34,243
200,689
234,932
193,508
Total resources expended
34,555
200,689
235,244
198,924
Net income/(expenditure) for the year/
Net movement in funds
25,304
(23,385)
1,919
32,407
Fund balances at 1 October 2023
45,621
85,130
130,751
98,344
Fund balances at 30 September 2024
70,925
61,745
132,670
130,751

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

KOOL CARERS SOUTH EAST LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 6 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
11
13,318
2,722
Current assets
Stocks
12
200
200
Cash at bank and in hand
121,958
129,896
122,158
130,096
Creditors: amounts falling due within one year
13
(2,806)
(2,067)
Net current assets
119,352
128,029
Total assets less current liabilities
132,670
130,751
Net assets excluding pension liability
132,670
130,751
The funds of the charity
Restricted income funds
14
61,745
85,130
Unrestricted funds
70,925
45,621
132,670
130,751

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the trustees on 25 June 2025
Mr D Baker
Trustee
Company registration number 10961014 (England and Wales)
KOOL CARERS SOUTH EAST LTD
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
1
Accounting policies
Charity information

Kool Carers South East Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 8 Alpha Business Park, Travellers Close, Welham Green, Herts, AL9 7NT, United Kingdom.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5
Expenditure

Resources expended are included in the statement of the financial activities on an accruals basis, inclusive of VAT, which cannot be reclaimed.

Expenditure which is directly attributable to specific activities has been included in these categories. Where costs are attributable to more than one activity, they have been appointed across the cost categories on a basis consistent with the use of resources.

The trustees have adopted the policy of capitalising items in excess of £1,000.

KOOL CARERS SOUTH EAST LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 8 -
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Over the length of the lease
Fixtures and fittings
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Stock consists of items donated for sale, along with wristbands.

1.9
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

KOOL CARERS SOUTH EAST LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 9 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
39,536
177,304
216,840
46,100
185,231
231,331
39,536
177,304
216,840
46,100
185,231
231,331
KOOL CARERS SOUTH EAST LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 10 -
4
Income from charitable activities
Shop
Total
2024
2023
£
£
Sales
20,323
-
Analysis by fund
Unrestricted funds
20,323
-
5
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Other fundraising costs
312
5,416
KOOL CARERS SOUTH EAST LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 11 -
6
Expenditure on charitable activities
Donations
Shop
Total
Donations
2024
2024
2024
2023
£
£
£
£
Direct costs
Depreciation and impairment
1,115
-
1,115
907
Events and activities
17,476
-
17,476
18,697
Counselling
20,208
-
20,208
19,110
Repairs & maintenance
-
5,192
5,192
-
Premises expenses
13,421
8,275
21,696
13,595
Consultancy
4,382
-
4,382
4,334
Light & heat
859
863
1,722
723
Printing, postage and stationery
131
181
312
922
Accountancy
4,000
-
4,000
4,000
Insurance
2,525
-
2,525
1,217
Staff costs
133,391
1,438
134,829
113,543
Professional assistance & training
759
-
759
3,128
Bank charges
-
272
272
-
Computer costs
8,376
-
8,376
343
Other charitable expenditure
12,068
-
12,068
12,989
218,711
16,221
234,932
193,508
Analysis by fund
Unrestricted funds
18,022
16,221
34,243
10,907
Restricted funds
200,689
-
200,689
182,601
218,711
16,221
234,932
193,508
7
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
-
-
Depreciation of owned tangible fixed assets
1,115
907
8
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
KOOL CARERS SOUTH EAST LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 12 -
9
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
10
10

The current year has employment costs of £133,391 (2023 : £113,543 )

There were no employees whose annual remuneration was more than £60,000.
10
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

11
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Total
£
£
£
Cost
At 1 October 2023
-
6,963
6,963
Additions
9,973
1,738
11,711
At 30 September 2024
9,973
8,701
18,674
Depreciation and impairment
At 1 October 2023
-
4,241
4,241
Depreciation charged in the year
-
1,115
1,115
At 30 September 2024
-
5,356
5,356
Carrying amount
At 30 September 2024
9,973
3,345
13,318
At 30 September 2023
-
2,722
2,722
12
Stocks
2024
2023
£
£
Raw materials and consumables
200
200
KOOL CARERS SOUTH EAST LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 13 -
13
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
2,632
1,882
Other creditors
174
185
2,806
2,067
14
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 October 2023
Incoming resources
Resources expended
At 30 September 2024
£
£
£
£
(282,702)
177,304
(200,689)
(306,087)
367,832
-
-
367,832
85,130
177,304
(200,689)
61,745
Previous year:
At 1 October 2022
Incoming resources
Resources expended
At 30 September 2023
£
£
£
£
82,500
185,231
(182,601)
85,130
15
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 October 2023
Incoming resources
Resources expended
At 30 September 2024
£
£
£
£
General funds
45,621
59,859
(34,555)
70,925
KOOL CARERS SOUTH EAST LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
15
Unrestricted funds
(Continued)
- 14 -
Previous year:
At 1 October 2022
Incoming resources
Resources expended
At 30 September 2023
£
£
£
£
General funds
15,844
46,100
(16,323)
45,621
16
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 30 September 2024:
Tangible assets
13,318
-
13,318
Current assets/(liabilities)
57,607
61,745
119,352
70,925
61,745
132,670
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 30 September 2023:
Tangible assets
2,722
-
2,722
Current assets/(liabilities)
42,899
85,130
128,029
45,621
85,130
130,751
17
Related party transactions

There were no disclosable related party transactions during the year. (2023 - none)

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