Company registration number.. 2861280 Charity registration number.. 1044235 Kensington House Trust (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 January 2024 Horne Brooke Shenton Chartered Accountants 15 Otympic Court Boardmans Way Whitehills Business Park Blackpool FY4 5GU
Kensington House Trust Contents Reference and Administrative Details Trustees, Report 2106 Ststement of Trustees, Responsibilities Independeni Examinevs R¢port Statement of Financial Activities 9tolO Balan¢e She¢t Notes lo the Financial Ststements 12to22
Kensington House Trust Referenee and Administrative Details Truslees Mr M.G. Hawe Mr l Rushton Mr P Farrell Senior Management l itadership Mrs J Seaton, Manager Team Charlty Reglstration Number 1044235 Conjpany Registration Number 2861280 The charity is incorporated in England. 216 Whitegate Drive Blackpool Lancashire FY3 9HW Regislered Office Independen¢ Examiner Horne Brooke Shenlon Chartered Accountants 15 Olyinpir Court Boardmans Way Whitehills Business Park Blackpool FY4 5GU Sollcltor$: Napthens 7 Winckley Square Preston Lancashire PRI 3JD Bankers Coutts & Co 440 Strand London WC2R OQS Page I
Kensington House Trust Trustees, Report The truste¢5, who are directors for the purposes of Company law, present the annual report together with the fmancial ststements and auditor5, report of the charitable company for the year ended 31 January 2024. The financial statements comply with the Charities Act 201 I, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charilies.. 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 I st January 2015). Trustees Mr M.G. Hawe Mr l Rushton Mr P Farrell Senior Management / Leadership Team.. Mrs J Seaton, Manager Chairmans report "The main object of th¢ ¢harity IS to promote the reli¢f of poverty. deprivation and distress" The organisation, structur¢ and policies adopted to achieve this are set out below. There have been no major changes in these policies in the last year. It is our intention to carry out the charitable objeclives listed and to focus our efforts into developing the Daisy chain project and suporting the Crisis Line projects as our main activities. Personnel The Trustees are detailed above. Th¢ trustees would also like to thank all the many personnel and volunteers who have helped in the various activities outlined below. Our work would noi be possible without their enthusiastic assistance. Kensington Court Kensington Court is located in Blackpool and has l O themed apartments which are available for children who are seriously ill, the whole family are invited for a week's respite break, particularly popular in the school holidays and the early summer months, the season is extended with the attraclion of the Illuminations. The apartments continue to be maintained to a high standard with new fjxtures and soft furnishings being purchased each year, this includes significant expenditure in the previous year lo make upgrades to the building. We aim lo ty and attract as many families as we Can. Crisis Grant Line Visilorslassessors average 10 visits each week, the claimants can be single or families, living in a variety of renled properties, people who are desperate to improve the quality of their lives, they often need assistance with basic essentials, a bed, lable and chair, set of drawers, cooking ulensils and white goods. More often than not we are able to provide goods which have kindly been donated by the public. The charity provide5 a colleclion and delivery service on a regular basis. Toybank Based at the Lodge the Jack in the Box toy bank is a service to professionals working with children and families in need, both membership and toys are free and the Service is available all year round. Thousand5 of pounds of donated toys are distributed io families M need of this project. Page 2
Kensington House Trust Trustees, Report Canal Boat A new entity was s¢t up during the previous year which has iaken on the Canal Boal project independenily from the Charity. Th¢ canal boats were transfeffed to the new charity in November 2022. In eonelusion We conlinue to reach more people and spread ihe news that we strive constantly to be true to our mission slatement which is 'to promo1¢ the relief of poverty. deprivation and distress,. We have to continue to maintain the high stAndard5 already on offer in the years to come. Mr. M. G. Hawe Chainnan Page 3
Kensington House Trust Trustees, Report Objeetives and activities Objects and alms The principal obje¢liv¢s of the ¢harity are to promote benefits for the inhabitants of Lancashir¢ in th¢ following ways:. a) To provide or assist in the provision of an annual holiday for children who are sick or terniinally ill. b) To support socially vulnerable and disadvantaged children and young people. c) To relieve persons who are in conditions of need, hardship and distress by the provision of furniture and other household items. d) To advance education for the publTC benefit. e) To promote such charitable purposes as the trustees. in their absolute discretion, may deterniine. The public benefil of ihe charitable objective5 listed above (a) io (d) are restricted to the tsrgd individuals or groups intended for their purpose whilst (e) is more widespread and comes through the delivery of a number of services and activities. The following sections more fully describe the activities of the chariry and should be considered alongside this statement, to gain a full understanding of the extent lo which the charitable activities of the Irusi deliver a benefit lo society. The separate division$ of Ihe charity which hopefully achieve these objectives are described more fvlly in ihe Chainnan's staiement as are the charity's Strategies for achieving its stated objectives and sI1r)Can1 activities undertaken. Publlc benefil The strategies employed to achieve the charity's aims and objectives are lo.. provide respite holidays which offers self- Contained and peacefvl accommodation for special needs children and their families - offers basic items of furniture for those whose income does not meet their basic need provide toys to local residents living in the Blackpool and Fylde area. supporting families in need The trustees confirni that they have complted wilh the requirements of section 17 of the Charities Aci 201 I to have due regard to the public benefit guidance published by the Charity Conunission for England and Wales. Page 4
Kensington House Trust Trustees, Report Achievements and performance Flnanei21 review Prlnclpalfundlng sources Th¢ ¢harity continues to ]Y on the grants given to it by the M A Hawe Settlement and funds are placed on deposit until required to meet the charity's objectives. During the period the Charity received tolal funding from the M A Hawe Sertlement of £203,141 (2023 - £271,465). The trustees review the level of funding required each year by the Charity and after ¢onsultsiion from the M. A, Hawe settlement receive the required amounts to enable ihe Charity to meet its aims. The Charity Te¢eive$ these funds and then passes them to each dtvision of the Charity to help them fulfil their particular objective. Funds are held Centrally and ihen granted to ¢ach of the separate activilies - Crisis Grant Line and Daisy Chain. The trustees have ideniified the major risks to which the charity is exposed and have reviewed the systems in place to mitigate these. The charity has unr¢stri¢ied in¢om¢ funds, restricted funds and endowment fimds available al 31 January 2024 of £793,036. £12,000 and £443.599 respectively. (2023 - £807,552. £12,000, and £443,599). R¢$¢rv¢s polley The charity operates a reserves policy that reviews the amount of reserv¢$ requir¢d to ensure that they are adequate to fulfbl ihe charity's ¢onlinuing obligations on a quarterly basis. ColDg concern The trustees consider that there are no maierial uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assels held by ihe Charity. Thi$ was based on the level of Ihe reserves available to the Charity Ot the time of approving this report and ihe onltnued support offered from the M. A. Hawe Settlement. Page 5
Kensington House Trust Trustees, Report Strueturey governance and management The charity was fonned in 1993, incorpornted under the Companies Act 1985 number 02861280 and is exempt under section 30 of the A¢t. The company is limited by guarantee and is governed by its memorandum and articles of aSlatIOn. The l)oard of trust¢¢s has discretion to appoint new truslees as they see fil. Newly appoinied trustees are initially under th¢ $up¢rvision of the Chairnian. Governance, management and financial control are adrninislered from the charity's main office at 216 Whitegale Drive, Blackpool. Lancashire. The charity is heavily reliant on the support given by The M A Hawe Settlement, Charity Commission reference 327827. In the year ended 3 1st January 2024, the charity received grants of £203,141 (2023 £271,465) from The M A Hawe Settlement. The trustees have assessed the risk of the dis¢onlinuan¢e of this support and are satisfied this will not occur. Rlsk m4n4g¢rnenl Objecilves ondpolleles The Iruslees have examined the major strategic, business and operational risks which Ihe charity faces and confum Ihat systems hav¢ b¢en established io enable regular reports to be produced so th81 necessary steps can be taken to lessen these risks. The annual report was approved by the trustees of the charity on 29 O¢¢ober 2024 and signed on its behalf by: Mr M.G. Hawe Trustee Page 6
Kensington House Trust Statement of Trustees, Responsibilities The trustees (who are also the directors of Kensington House TNst for the purposes of company law) are responsible for preparing the trustees, report and the fmancial statements in acroTdance with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practirx) and applicable law and regulations. Company law requires the trustees to prepare fancial statements for each financial year. Under company law the tNstees must not approve the financial statemenls unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the ¢hariiable company for that period. In preparing these financial ststements, the truste¢s are required to: select suitable accounting policies and apply them consistently• observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. stste wheiher applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial siaiements on ihe going concern basis unless it is inappropriate to presume that the charithble company will continue in business. The trustees are responsible for keeping proper accounting records thal can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them lo ensure thal the financial statemen15 comply wilh the Companies Act 2006. They are also responsible for safeguarding Ihe assels of the charitsble Company and hen¢e for taking reasonable steps for ihe prevention and dete¢iion of fraud other irregulariti¢s. The truslees are responsible for the maintenance and integrity of the ¢orporate and financial infOation included on Ihe charitable company's website. Legislation governing the preparation and dissemination of financial sthiemenis may differ from legislation in other jurisdictions. Approved by the tnl¢eS of the charity on 29 October 2024 and Sied on its behalf by: Mr M.G. Hawe Trustee Page 7
Kensington House Trust Independent Examiner's Report to the trustees of Kensington House Trust I report on the accounts of the charity for the year ended 31 January 2024 which are set out on pages 9 to 22 . Respective responsibilities of trustees and examiner The trustee5 (who are also the directors of the company for the purposes of company law) are responsible for the Preparation of the accounts. The trustees consider that an audit is not required for this year under section 144{2) of the Charities Act 2011 (the 201 l Act) and that an independeni examination is needed. During the period Horne Brooke Shenton has provided the Charity with bookkeeping services which was not completed by the independeni examiner however. the FRC'S revised ethical stsndards have been applied to this assignment. Having satisfied myself thai the charity is noi subject to audit under company law and is eligible for independent examination, it is rny responsibility to.. examine the accounts under section 145 of the 2011 Act: to follow the procedures laid down in the general Direc¢ion5 given by the Charity Commission under section 145(5)(b) of the 2011 Acl: and to state whether particular matters have come to my attention. Basis ofindependent examiner's report My examinalion was carried out in accordance with the general Dirpxtions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual ilems or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's slatement In connection with my CnInation. no matter has come to my attenlion: (l) whi¢h gives me reasonable ¢ause to believe that in any material respect the requirements: to keep accounting records in ac¢ordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounling records, Comply with ihe accounting requirements of seclion 396 of the Companies A¢1 2006 and with the methods and prin¢ipl¢s of th¢ Statem¢nt of Recommended Practice.. Accounting and Reporting by Charities have noi been met. or (2) to which. in my opinion, attention should be drn in order to enable a proper understanding of the accounts to be reached. Diane Garlick FCA FCCA For aTJd on behalf of Horne Brooke Shenton Chart¢red Accountants 15 Olymplc Court Boardmans Way Whitehills Business Park Blackpool FY4 5GU 29 October 2024 Page 8
Kensington House Trust Statement of Financial Activities for the Year Ended 31 January 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2024 Unrestricted Restricted Endowment Note Income and Endowments from: Donations and legacies Charitable aclivities Other income 209,522 18,408 12,000 209,522 18,408 12,000 Total Income 239,930 239,930 Expenditure on: Charitable activities (254,446) (254,446 Total Expenditure 254,446) 254,446) Net expenditure Net movement in funds 14,516 14,516 (14,516) (14,516) Reconciliation of funds Toial funds broughi forward 807,552 12,000 443,599 1,263,151 Total fimds carried forward 17 793,036 12,000 443,599 1,248,635 The notes on pages 12 to 22 forni an Inteal part of these financial statemenls. Page 9
Kensington House Trust Statement of Financial Activities for the Year Ended 31 January 2024 (Including Ineome and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2023 Unrestricled Restricted Endowment Note Income and Endowments from: Donations and legacies Charitable activities Other income 276,002 16,984 85,595 276,002 16,984 85,595 Totsl Income 378,581 378,581 Expenditure on: Charitable activities 362,183 (362.183 Tolal Expenditure {362,183) 362,183 Net income 16,398 16,398 Net movement in funds 16,398 16.398 Reconcilialion of funds Total fimds brought forward Total funds carried forward 791,154 12.000 443.599 1,246,753 17 807,552 12,000 443,599 1.263,151 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 17. The notes on pages 12 10 22 fonn an integral part of these financial statements. Page 10
Kensington House Trust (Registration number: 2861280) Balance Sheet as at 31 January 2024 2024 2023 Note Flxed gssets Tangible assets 14 ,158,970 ,162,225 Currenl assets Debtor5 Cash at bank and in hand 15 3,423 98,783 102,206 4,057 106.887 110,944 Creditors: Amounts falling due within one year 16 12,541 10,018 Net eurrent awt$ 89,665 100.926 Net assets 1,248,635 ,263,151 Funds of Ihe eharlty: Endowment funds 443,599 443,599 R¢slric¢ed income funds Restricted fimds 12,000 12,000 Unrestricled income funds Unrestricted funds 793,036 807.552 Total funds 17 1,248,635 1.263,151 For the financial year ending 31 January 2024 the charity was entitled io ¢xernption from audii under section 477 of the Companies Act 2006 relating to small companie5. Directors, responsibililies- The members have not required ihe charity io obiain an audit of its accounts for the year in question in accordance with section 476: and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. Th¢ finan¢ial statements on pages 9 to 22 were approved by the trustees, and auihorised for issue on 29 October 2024 and signed on their behalf by: r M.G. Hawe Trustee The notes on pages 12 to 22 fom an integral part of ihese financial statements. Page 11
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2024 I Charity Status The charity is a charity limited by guarantee and tonsequently does not have share capital. Each of the tSlee$ is liable to contribute an amount noi exceeding £Nil towards the assets of the charity in the event of liquidalion. The charity was incorporated in England. The address of its registered office is: 216 Whitegate Drive Blackpool Lanra5hire FY3 9HW These financial statements were authorised for issue by th¢ trustees on 29 October 2024. The address of its registered office and prin¢ipal offi¢¢ is: 216 Whitegate Driv¢ Blackpool Lancashire FY3 9HW 2 A¢¢ountlng poll¢i¢$ Summary of slgnifieant aecounting pollcies and key accounting estirn4tes The principal accounling policies applied in the preparalion of these financial statements are set out below. These policies have been consistenily appli¢d to all the years presented, unless otherwise stated. Statement ofcompllance The financial slatemenls have been prepared in a¢¢ordan¢e with A¢counting and Reporting by Charities: Ststemenl of Recommended Praciice (applicable io charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in Oclober 2019) (Charities SORP (FRS 102)), Ihe Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) and the Companies Acl 2006. Basis of preparation Kensington House Trus¢ meets the definition of a public benefit entity under FRS 102. Assets and liabilities are iniiially reCOlsed at historical Cost or transaction value unless otherwise stated in the relevant a¢counting policy notes. The finan¢ial statements ar¢ present¢d in Sterling (£) and are roiJnd¢d to the nearest whole pound. Going eoncern The trustees consider that there are no material uncertainlies aboul the charity's ability to ¢ontinue as a going concern nor any significant areas of uncertainty ihal affect the carrying value of assets held by ihe charity. This was based on the level of the reserves available to the Charity at the lime of approving ihis report and the continued support offered from the M. A. Hawe Settlement. Page 12
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2024 Ineorne and endowments All incom¢ is recognised once the charity has enlitlement to the income, il is probable that the income will be received and the amount of the income receivable can be measured reliably. Donallons and legacles Donations are recognised when the charity has been notified in WTitin8 of both ihe amount and settlemeni dale. In the event that a donalion is subject to conditions that require a level of perfomiance by the charity before th¢ charity is entitled to the funds, the income is deferred and nol recognised until either those condilions are fully met, or the fvifilmenl of those condilions is wholly within the ¢ontroI of the charity and li 1$ Probable that these conditions will be fulfilled in the reporting period. Granls recelvable Gran¢s are recognised when the charity has an entitlement to the funds and any condilions linked to the grants have been met. Where perforniance conditions are attached lo the grant and are yel to be mel. il is probable that the income will be received and the amount can be measured reliably and is not deferred. Expenditure All expenditure 1$ recognised once there is a legal or constructive obligation to thal expenditure, il is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs rannot be directly attributed lo panicular headings they have been allocated on a basis consistent with the use of resources, with central staly costs allocated on the basis of lime spent, and depreciation charges allocated on the portion of the assel's use. Other support costs ar¢ allocated based on the spread of staff costs. Chqrilable aclivilles Charitable expendiftwe comprises those costs incurred by lh¢ charity in the delivery of lis activities and services for its beneficiaries. It includes both c051s that can be allocated directly to such activities and those costs of an indir¢ci nature n¢¢essary to support them. Support eosts Support costs include central flCtiOnS and have been allocated to activity Cost categories on a basis consistent wilh the use of resources. Whils( necessary to deliver an activity, the expenditure incurred in itself does not produce or constitute th¢ output of the charity. Consequently, charity support costs include cenlrdl or regional office fimctions in¢luding general management, payroll administration, budgeting and accounling. Government grants Government granls are recognised based on the accrual model Ènd art measured at the fair value of the asset received or receivable. Grants are classified as relaipng either to revenue or to assets. Grants relating io revenue are recognised in income over ihe period in which the relaled costs are recognised. Grants relating to assets are re¢ognised over the expected usefvl life of the ass¢l. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. Page 13
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2024 Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finanoe Act 2010 and therefore it meets the defmition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. Tangible flxed assets Individual fixed assets are initially recorded al ¢OSt, less any subsequent accLmiulat¢d depre¢ialion and subsequent accumulated impairnient losses. Depreciation and amortisation Depreciation 15 provided on tangible fixed assets 50 as to %lte off the cost or valuation, less any estimated residual value, over their expected us¢fiJl eKonomir life as follows- Asset cl855 Land and Buildings Motor Vehicles Furniture and Equipmenl otyice Equipment Depreclat5on method and rale No provision made 250/0 reducing balance basis 250/0 reducing balance basis 250/0 reducing balance basis The charity's freehold premises hav¢ been satisfa¢torily maintained such that residual value, based on the prices prevailing at the time of acquisition, is at least equal to the book value. In accordance with the SORP the trustees are of ihe opinion ihat the freehold land has an indefinitely long lif¢ and having regard to this, it is the opinion of the trustees ihal depreciation of th¢se propenies are nol required as sugg¢si¢d by the Companies Act 2006. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impainnent. A provision for the impairnient of trade debiors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and eash equivalents Cash and cash equivalents ¢omprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trgde Creditors Creditors and provisions are reco]sed where the charity has a present obligation resulting from a past event that will probably re5uII in ihe transfer of funds lo a third party and ihe amount due lo settle the funds can be measured or estimated reliably. Creditors and provisions are nonnally recognised al their settlement amount after allowing for any trade discounts due. Page 14
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2024 Fund slruelure Unrestricted income funds are general funds tha¢ are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricied fLuJd$ are for specific purposes as stipulated by the donor Pernianenl endowinenl funds are capital funds where there is no power to convert the capital to income and are generally held Indef1t¢ly. Hire purchase and finance le8se5 Leases in which substantially all the risk and rewards of 0CT$hiP are r¢tained by the lessor are classified as operdting leases. Rentals payable under operating leases are charged in the Statement of Financial Activilies on a strnight line basis over the lease tenn. Financial instruments Closslfleailon Financial assels and financial liabililies are recognised when the charity becomes a party to the ¢ontr4ctual provisions of ihe instrumeTJt. Basi¢ financial instruments are initially recognised al the amouni re¢¢ivable or payable includin8 any related transaction costs. Cuen1 assels and current liabil3ties are subsequently measured at the cash consideration expe¢ted to b¢ paid or received and nol discounted, Financial assets that are measured at cost or amortised cosl are reviewed for objective evidence of impairn)ent loss recognised under the appropriate heading in the statement of financial aclivities in which th¢ initial gain was recognised. Page 15
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2024 3 Incorn¢ from donatlon$ and legaeles Unrestricted Total 2024 Total 2023 General Donations and legacies; Appeals and donations Grants, including Capital grants; Grants from other charities 6,381 6.381 4,537 203,141 203,141 271,465 209,522 209.522 276.002 4 Income from charitsble activities Unrestrleted Endowment Permanent Endowment funds Tolal 2024 Total 2023 General Crisis Line - Delivery income Canal Boat - Booking fee$ Daisy Chain - Booking fees 1,048 1,048 1,259 3,340 12,385 17,360 18,408 18,408 16,984 S Other Ineome Unrestrleted funds General Total 2024 Totxl 2023 Rental income Gains on sale of tangible fixed assets 12,000 12.000 12,000 73,595 12,000 12,000 85,595 Page 16
KensingtOD House Trust Notes to the Financial Statements for the Year Ended 31 January 2024 6 Expendilure on eharitable Activities Unr¢strl¢ted Total 2024 Total 2023 General Note Crisis Line Daisy Chain Donation - Canal Boais Allocated support ¢o$ts 101,264 78.007 101,264 78,007 93.193 63,706 145.340 59,944 362,183 75,175 75,175 254 446 Activity $uppor¢ eosts 254,446 Aetivlty undertsken directly Grant funding of activity Total 2024 Total 2023 Crisis Grant Line Daisy Chain Donation - Canal Boats 55,335 78,007 45,929 42,465 32,710 143,729 110.717 128,798 88,045 145,340 362.183 133,342 45,929 75,175 254.446 £254,446 (2023 £362,183) of the above expenditure was attributable to unrestricted funds and £Nil (2023 £Nil) to restricied funds. This figure includes the amounts directly attribulable to the charilable aclivities being £133,342 (2023 £110,501), Grani funding activities of £45,929 (2023 £191,738) and the 5UPPOrt ¢osis of £75.175 {2023 - £59,944). 7 An8lysls of support costs Support costs ¥Jllocgted to charitable ictiviti¢$ Premlses costs ineludlng depreciation Governance costs Administratlon CO515 Total 2024 Total 2023 Crisis Line Daisy Chain 5.400 4.159 17,075 13,153 30,228 19,990 15,398 42,465 32.710 35,605 24,339 9.559 35,388 75,175 59,944 Support costs include central functions and have been allocated to activity cosl categories on a basis consistent with the use of resources. Whilst necessary to deliver an activity, the expenditure incurred in itself doe5 not produce or Constite the output of the charity. Consequently charity support costs include central or regional office functions including generdl management, payroll administration, budgeting and accounting. Page 17
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2024 8 Grant-making Analysis of grants Grants to institutions 2023 Grants to individuals 2024 2023 Analysis Grants made from Crisis Li Donation - Canal Boats 45,929 46,398 145,340 145.340 45.929 46,398 The support ¢osls associated with gran¢.making are £Nil (31 January 2023 - £Nil). 9 Net incomingloutgoing r¢sourees Net (outgoingyincoming resources for the year include: 2024 2023 Other non-audit services Depreciation of fixed assets 9.559 3.255 9,780 4,341 10 Trustees remuneration and expenses No trust¢es, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year, I I Staff eosts 2024 2023 Slaff costs during Ihe year were: Wag¢5 and salaries Social security costs Pension contributions 120,089 4,446 2,137 126.672 106,111 3,064 1,714 110,889 Page 18
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2024 The monthly average number of persons (including senior management team) employ¢d by the charity during the year expressed as full lime equivalents was as follows". 2024 2023 Crisis Line Daisy Chain Governance Defined contribution pension contributions to external employee pension schemes on behalf of these employees for the year tolalled £2,137 (2023 - £1.714). No employee received emoluments of more ihan £60,000 during the year. 12 Independent examiner's remuneration 2024 2023 Other fees to examiners The examining of accounts of any associa* of the charity All other services 2,160 7,399 2,160 7,620 9,559 9,780 13 Taxation The charity is a registered charity and is therefore exempi from taxation. Page 19
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2024 14 Tangible fjxed assets Land and buildings Furniture and equipment Motor vehicles Total Cost At l February 2023 1,149,174 2,847 22,530 ,174,551 At 31 January 2024 ,149,174 2,847 22,530 1,174,551 Depreeiation At l February 2023 Charge for the year 2,468 87 9,858 3,168 12,326 3,255 At 31 January 2024 2,555 13,026 15,581 Net book value Al 31 January 2024 1,149,174 292 9,504 1,158,970 At 31 JaTJuary 2023 ,149,174 379 12,672 1,162,225 IS Debtors 2024 2023 Prcpayii)ents Other debtors 3,423 3,9J7 100 3,423 4,057 Page 20
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2024 J6 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Other creditors Accruals 1,993 380 10,168 1,639 337 8,042 12,541 10.018 17 Fund$ Balance at I February 2023 Incoming resources Resources expended Balance at 31 January 2024 Unre$tri¢ted funds General 807,552 239,930 (254,446) 793,036 Restricted funds 12,000 12,000 Endowment funds Pennanent 443,599 443,599 Toigl fund$ 1,263,151 239,930 254,446 1,248,635 Balance at I February 2022 Olher reeognised gainsl(losses) Balance at 31 January 2023 Incoming resources Resources expended Unrestricted funds General 791,154 304,986 (362,183) 73,595 807,552 Restricted funds 12,000 12,000 Endowment funds Permanent 443,599 443,599 Tolal funds 1,246,753 304,986 (362,183 73,595 ,263,151 The spe¢ifi¢ purposes for which the funds are to be applied are as follows.. During a previous period the Charity received £12,000 for the construction of a sensory garden at the Daisy Chain site on Highfield Road. No such funds have been received in the cuent period. Page 21
Kensington House Trust Notes to the Flnaneial Statements for the Year Ended 31 January 2024 18 Analysis of net assets between funds Unrestricted funds General Endowment funds Permanent Total funds at 3J January 2024 Rutricted funds Tangible fixed assets Current assets Current liabilities (703,371) (102,206) 12,541 (12,000) (443,599) (1,158,970) (102,206) 12,541 Totsl net assets 793,036 12,000 443,599 (1.248.635 Unrestrieted funds General Endowment funds Permanent Total funds at 31 January 2023 Restricted funds Tangibl¢ fixed assets Currenl assets Current liabililies (706,626) (110,944) 10,018 (12,000) (443,599) (1,162,225) (110,944) 10,018 Total net assets 807.552 12,000 443.599 1,263,151 19 Related party transactlons During the year the charity made the following related party transactions: Kensington Developments Llmlted Mr M.G. Haw¢ is a trnstee of the charity and has a controlling interest in Kensington Developments Limiled through his shareholding in Kensington Developments Holdings Limited. During the period Kensington Developments Limited paid the Charity £12,000 (2023 £12,000) in respect of office space rented at the Charity's main office on an infonnal basis. At the balance sheet date the amount due tolfrom Kensington Developments Limited was £Nil (2023 - £Nil). Page 22.