Company registrntion 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 2025 Horne Brooke Shenton Horne Brooke Shenton Clwrtered AccouDtanls 15 Olympic Court Boardmans Way Ivhitehills Business Park Blackpool FY4 5GU
Kensington House Trust Contents Reference and Athninistrative Detsi15 Trustees, Report 2to6 Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities 9tolO Balance Sheet Notes to the Financial Staiements 12to22
Kensington House Trust Reference and Administralive Details Trustees Mr M.G. Hawe Mr l Rushton Mr P Farrell S¢nlor Management l Leadership Mrs J Seaton, Manager Team Chgrity Registration Number 1044235 Company Registrntlon Number 2861280 The charity is incorporaled in England. 216 Whitegate Drive Blackpool Lanchshire FY3 9HW Registered orriee Independenl Ex*mlner Home Brooke Shenton Horne Brooke Shenton Chartered Accountants 15 Olyn)pic Court Boardmans Way Whitehills Business Park Blackpool FY4 5GU Solleltors: Napthens 7 Winckley Square Preston Lancashire PRI 3JD Bankers Coutts & Co 440 Strand London WC2R OQS Page I
Kensington House Trust Trustees, Report The truslees, who are directors for the purposes of Company law, present the annual report logether with the financial statements and auditors, report of the charitable company for the year ended 31 January 2025. The financial statements comply with ihe Charittes Act 2011, the Companies Aci 2006, the Memorandum and Article5 of Association. and Accounting and Reporting by Charities.. Statement of Recommended Practice pplicable to charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS J 02) (effective I st January 2015). Trust¢¢5 Mr M.G. Hawe Mr l Rushton Mr P Farrell Senior Management l Leadership Team.. Mrs J Seaton, Manager Chalrmans report "The main object of the charity is to promole the relief of poverty, deprivation and distress" The organisation, structure and policies adopted to achieve this are set out below. There have been no major changes in these poli¢i¢$ in the last year, It is our intention to carry out the charitable objectives listed until the 30th June 2025 before ceasing to trade. At this point we will consider donating the two properties and all bank reserves to MAGS Charitable Tst to continue ihe good work the charity has done for numerous years. Personnel The Truslees are detailed above. The tNstees would also like to thank all the many personnel and volunteers who have helped in the various activities outlined below. Our work would not be possible without their enthusiastic assistance. Kensington Court Kensington Court is located in Blackpool and has 10 themed apartments which are available for children who are seriously ill, the whole family are invtled for a week's respite break, particularly popular in th¢ school holidays and the early summer months. The aparthienls continue to be maintained to a high standard with n¢w fixtures and sofi furnishings being pwchased each year. We aim lo ty and attract as many families as we can. and will continue to do so until we cease trading on the 30th June 2025. Crisis Grant Line Visitorslassessors av¢rage 10 visits each week, the claimants can be single or families, living in a variety of rented properties, people who are desp¢rat¢ to improve the quality of thetr lives, they often need assistance wilh basic essentials, a bed, table and chair, set of drawers, cooking utensils and white goods. More often than not we are able lo provide goods which have kindly been donated by the public. The charity provides a collection and delivery service on'a regular basis. Toybank Based at the Lodge the Jack in the Box loy bank is a service to professionals working with children and families in need, both membership and toys are free and the service 15 available all year round. Thousands of pounds of donated toys are distributed to families in need of this project. Page 2
KensiDgton House Trust Trustees, Report In eonelusion We continue to reach more people and spread the news that we strive constantly to be true to OUT mission statemenl which is 'lo promote the relief of poverty, deprivation and distress,. We aim to continue this until the 30th June 2025 when we will cease to trade. The aim is for the activities to continue under MAGS Charitable Trust. Mr. M. G. Hawe Chairnlan Page 3
KensingtOD House Trust Trustees, Report Objectives and activities ObJe¢ts and qlnLf The principal objectives of the charity are to promote benefits for the inhabitants of Lancashire in the following ways:. a) To provide or assisl in the provision of an annual holiday for children who are sick or terniinally ill. b) To support socially vulnerable and disadvantsged children and young people. c) To relieve persons who are in conditions of neel hardship and distress by the provision of furniture and other household items. d) To advance education for the public benefit. e) To promote such charitable purposes as the trustees. in their absolute discrelion. may detennine. Th¢ publi¢ b¢n¢fit of the ¢haritable obj¢¢tiv¢s li$t¢d above (a) lo (d) are restricted to the target individuals or groups intended for their purpose whilst (e) is more widespread and comes through the delivery of a number of services and aclivities. The following sections more fully describe the aclivilies of the charity and should be considered alongsid¢ this statemenl, to gain a full understanding of the extent to which the charitable aclivities of the trust deliver a benefit to society. The separate divisions of the charity which hopefully achieve these objectives are described more fully in the Chairnian's statement as are the charity's strategies for achieving its stated objectives and significanl aclivities undertaken. Publlc beneJ71 The stralegie5 employed to achieve the charity's aims and objectives are to.. provide respite holidays which offers self- contsined and peace1 accommodation for special nttds children and iheir families - offers basi¢ it¢ms of furniture for those whos¢ in¢ome does not m¢¢t their basi¢ need - provide toys to local residents living in the Blackpool and Fylde are4 supporting families in ne1 The trustees confim that they have complied with the requirements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 4
Kensington House Trust Trustees, Report Achievern¢nts and performance Financial review Prthewdlfundlng SQMrces The charity conlinues to rely on the grants given to it by the M A Hawe Settlement and funds are placed on deposil until required io meet the charity's objectives. During ihe period the Charity received iotsl funding from the M A Hawe Senlement of £201,926 (2024 - £203,141). The trustees review the level of funding required each year by the Charity and after consultation frorn the M. A. Hawe settlement receive the required amounts to enable the Charity to meet its aims. The Charity receives these funds and then passes them lo each division of the Charity to help ihern fulfil their particular objective. Funds are held ¢¢ntrally and then granted to each of the separat¢ activities - Crisis Grant Line and Daisy Chain. The trustees have identified the major risks to which the charity is exposed and have reviewed the systems in place to miligaie these. The Charity has unrestricted income funds, restricted funds and endowment funds available at 31 January 2025 of £765,272, £12,000 and £443,599 respectively. (2024 - £793,036. £12,000, and £443,599). Reserves pollcy The charity operales a reserves policy that reviews the amount of reserves required to ensure that they are adequale fo fulfil the charity's continuing obligations on a quarterly basis. Golng concern The trustee$ consider that there are no material un¢¢rtainties about the ¢harity's ability to continue as a going concern nor any significant areas of uncertainty thal affect the carrying value of assets held by the charity. This was based on the level of the reserves available to the Charity at the time of approving this report. The charity will be able to meei any obligations as they fall due. Page 5
Kensington House Trust Trustees, Report Struettsrei governanee and management The charity was forn)ed in 1993, incorporated under the Companies Act 1985 number 02861280 and is exempi under section 30 of the Act. The company is limited by guarantee and is governed by its rnemorandurn and arti¢l¢$ of asso¢iaiion. The board of tTUStees has discretion to appoint new trustees as they see fit. Newly appointed trustees are initially under the supervision of the Chairman. Governance, managemeni and financial control are administered from the charity's main otTi¢e at 216 Whitegate 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 31st January 2025, the charity received grants of £201,926 (2024 - £203,141) from The M A Haw¢ Settl¢m¢nt. Rlsk mAnagemenl ObJe¢llves andpollela The truslees have examined ihe major strategi¢, busine5$ and operational risks which the ¢harity faces and ¢onfm that systems have b¢¢n established to enabl¢ regular reports to be produced $0 that necessary steps ¢an be taken to lessen these risks. The annual r¢port was approved by ihe trustees of the rharity on 23 October 2025 and signed on its behalf by: Mr M.G. Hawe Trustee Page 6
Kensington House Trust Statement of Trustees, Responsibilities The mistees (who are also the directors of Kensington House Trusi for the purposes 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) and applicable law and regulations. Company law requires the trustees to prepare financial slalements for each financial year. Under company law the trustees musl nol approve the financial statements unless they are satisfied ihat they give a true and fair view of the stsle of affairs of the charitable company and of the incoming resources and application of resourc¢s, including its income and expenditure, of the charitable ¢ompany for that period. In preparing these fmancial stalements. the trustees are required to.. select suitsble a¢¢ounting policies and apply th¢m ¢onsisl¢ntly- observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent; stale whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material departures disclosed and explained in th¢ finan¢ial stat¢ments' and prepare the fmancial stalemenls on the going concern basis unl¢ss it is inappropriate to presume that the ¢haritsble ¢ompany will conlinue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time Ihe fmancial posilion of the charitable company and enable them to ensure that the financial statements comply with Ihe Companies Acl 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance integrity of the corporate and finan¢ial infornii¢ion included on the charitable company's webstte. Legislation governing the pr¢paration and dissemination of financial $tat¢ments may differ from legislation in other jurisdictions. Approved by the trustees of the charity on 23 October 2025 and signed on its behalf by: Mr M.G. Hawe Tntstee 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 2025 which are sei out on pages 9 to 22 . Respective responsibilities of trustees and examiner The trustees (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 seclion 144(2) of the Charities Acl 2011 (the 2011 Act) and that an independent examination is needed. During the period Horne Brooke Shenlon has provided the Charity with bookkeeping services which was not mpl¢t¢d by th¢ ind¢pend¢nl eXni1]er however, tlie FRC'S rcvised etliical stalidards liave b¥en appli¢d iv this assignment. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: examine the accounts under section 145 of the 201 l Act. to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 A¢t' and to state whether particular matters have come to my attention. Basis of independenl examlner's report My examination was carried out in a¢¢ordance with the general Directions 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 constderation of any unusual iterns or disclosure5 in the accounts, and seeking explanations from you as trustee5 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no optnion is given as to whether the accounts present a 'tru¢ and fair view, and the report 15 limited to those matters set out in the statement below. Independent examlner's statement In connection with my examination, no matter has come to my attention.. (l) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply wilh the accounting requirements of section 396 of the Companies Act 2006 and with the methods and prin¢ipl¢s of the Statemenl of Recommended Practice: Accounling and Reporting by Charilies have not been mel; or (2) lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Diane Garlick FCA FCCA For and on behalf of Horne Brooke Shenton Chartered Accountants 13 OlyThpic Court Boardmans Way Whitehills Business Park Blackpool FY4 5GU 23 October 2025 Pag¢ 8
Kensington House Trust Statement of Financial Activities for the Year Ended 31 January 2025 (Including Income and Expenditure Aeeount and Statement of Total Recognised Gains and Losses) Total 2025 Unreslrieted Restrieted Endowrnent Note In¢om¢ and Endowmenls from: Donations and legacies Charitable activities Other income 206,429 10,504 11,000 206.429 10,504 11,000 Total Income 227,933 227,933 Expenditure on: Charitabl¢ a¢tiviti¢$ <255,697) 255,697) Totsl Expenditure 255.697) (255,697) Nei expendikne Nel movement in funds 27,764 27.764 (27,764) (27.764) R¢¢onciliation of funds Totsl funds brought forward Total funds carried forward 793,036 12,000 443,599 ,248,635 17 765,272 12.000 443,599 1.220,87) The notes on pages 12 to 22 fonrA an integral part of these financial statements. Pag¢ 9
Kensington House Trust Statement of Financial Activities for the Year Ended 31 January 2025 ncluding Income and Expenditure Account and Statement of Total Rttognised Gains and Losses) Total 2024 Unrestricted Restricted Endowment Note Income and Endowments from: Donations and legacies Charitable activities Other incom¢ 209,522 )8,408 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 14,516 14,516 Net movement in funds (14,516) (14,516) Reeonclllatlon or runds Totsl funds brought forward Tolal funds Caled forward 807,552 12,000 443,599 1,263,151 17 793,036 12,000 443.599 1248,635 All of the charity's activities derive from continuing operations during the above two periods. The ndS breakdown for 2024 is shown in note 17. The notes on pages 12 to 22 fom) an integral part of ihese financial statements. Page 10
Kensington House Trust (Registration number: 2861280) Balance Sheet as at 31 January 2025 2025 2024 Nole Flxed a$set$ Tangible assets 14 1,156,680 1,158.970 Current assets Debtors Cash at bank and in hand 15 4.703 74.666 3.423 98.783 79,369 102,206 Cr¢dltors: Amounts falling due within one year 16 15,178 12,541 Net current assets 64,191 89,665 Net assets ,220,871 1,248,635 Fund5 ofthe th*rity: Endowment funds 443,599 443,599 Reslricted income fund$ Restricted fimds 12.000 12.000 Unrestrieted income funds Unrestricted funds 765,272 793,036 Total fund$ 17 220 871 1,248,635 For the fancial year ending 31 January 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Dire¢tors' responsibilili¢s: The members have nol required ihe charity to obtain an audit of its acwunts for the year in question in a¢cordanrx with sertion 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. The financial statements on pages 9 to 22 were approved by the trustees, and authorised for issue on 23 October 2025 and signed on their behalf by: Mr M.G. Hawe Trustee The notes on pages 12 to 22 forni an integral part of these financial statements. Pagell
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2025 I Charlty $tatu$ The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribule an amount not exceeding £Nil towards the assets of the charity in the event of liquidatson. The charity was incorporaled in England. The address of its registered office is: 216 Whitegate Drive Blackpool Lancashir¢ FY3 9HW These financial statements were authorised for issue by th¢ trustees on 23 October 2025. Th¢ address of its r¢gist¢red office and principal office is: 216 Whitegate Drive Blackpool Lancashire FY3 9HW 2 Aceounllng polleles Summary of sl8nificAnt Aeeountlng polleles ind key aeeounting estim8teJ The principal a¢¢ounting policies applied in the preparation of these fmancial statements are set out below. These policies have been Consistently applied to all the years presented, unless otherwise stated. Statement of eomplianee The fmancial statements have been prepared in accordanee 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 Republi¢ of Ireland (FRS 102)) (issued in O¢tober 2019) (Charities SORP (FRS 102)), the Ftnanrial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Compani¢s Art 2006. Basls of preparatlon KenSInon House Trust meets the defmilion of a public benefit enlity under FRS 102. Assets and liabilities are initially Tecognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The fin4n¢ial statemenis are presented in Sterling (£) and ore rounded to the nearest whole pound. Going eoneern The rrustees consider thal there are no malerial uncertainties about the charity's ability to continue as a going concem nor any significanl areas of uncertainty that affecl the canying value of assets held by the charity. This was based on the level of the reserves available to the Charity at the lime of approving this report. Page 12
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2025 Income and endowments All income is recognised once the Charity has enlitlement to the income, it is probable that the income will be received and the amount of the income receivable can be mea5ur¢d reliably. Donallons and legacles Donations are recognised wheTJ the charity has been notified in WTiting of both the amount and settlement date. In the event that a donation is subject to conditions that require a level ot. pertorniance by the charity betore th¢ charity is entitled lo the fimds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charlty and it is probable that these conditions will be fulfilled in the reporting period. Grants recelvoble Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where perforniance conditions are attached to the grant and are yet to be met, it is probabl¢ that the income will be received and the amount can be measured reliably and is not d¢f¢rred. Expenditure All expendittwe is recognised on¢e there is a legal or constructtve obligation to that ¢xpendAtur¢, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregale similar costs to ihat category. Where costs cannot be directly attributed to parti¢ular headings they have be¢n allocated on a basis consistent with the use of resowces, with central staff cosis allocaied on the basis of time spent, aTJd depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charliable octlviiles Charitable expenditure comprises those costs incurred by the charity in the delivery of Tts activities and service$ for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indiiect nature necessary to support them. Support ¢o$ts Support costs include central fimctions and have been allocated to activity cost categories on a basis consistent with the use of resource5. Whilst necessary to deliver an activity, the expenditure incurred in itself does not produce or constitute the output of the charity. Consequently, charity support costs include central or regional office fun¢tions in¢luding general management, payToII administration, budgeting and accounling. Government grant$ Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the assei. Where part of a grant relating to an asset is deferred, it is ognised as defed in¢ome. Page 13
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2025 Taxatlon The charity is considered to pass the tests set oul in Paragraph I Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation lax purposes. Accordingly. the harity is poientially exempt from laxation in respecl of income or capital gains received within categories ¢overed by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. 10 ihe exlent that such income or gains are applied exclusively to Charitable purposes. Tangible fixed asgtts Individual red assets are initially recorded at cosl, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreeialion and amortisation Depreciation is provided on tangible fixed assels so as to write off the cost or valuation. less any estimaled residual value, over their expected useful economic life as follows: Asset cla55 Land and Buildings Motor Vehicles Fumitur¢ and Equipment Office Equipment Deprecialion m¢¢hod and rnte No provision made 25 % reducing balance basis 25Vo reducing balan¢e basis 250/0 reducing balance basis The charity's freehold premises have been satisfaclorily maintained such that residual value, based on ihe prices prevailing at the time of acquisition. is at least equal io the book value. In accordance with the SORP the trustees are of the opinion that ihe freehold land has an indefinilely long life and having regard to this, it is the opinion of the trustee5 that depr¢¢iation of these properties are not required as suggested by ihe Companies Act 2006. Trade debtors Trade debtors are amounts du¢ from customers for merchandise sold or servi¢¢s p¢rforni¢d in the ordinary course of business. Trade debtors are recognised initially ai the transaction price. They are subsequently measured at amortised cost using the effeciive interest method, less provision for impainnent. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original ternis of the receivables. Cash And cash equivalent5 Cash and cash equivalen15 Comprise Cash on hand and call deposits, and other short-temi highly liquid investments that are readily Convertible to a known amount of ¢ash and are subject to an insignificant risk of change in value. Trade eredilors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably resuli in the transfer of funds to a third party and the amount due to settl¢ the funds can be measwed or estimated reliably. Creditors and provisions are nornyally recognised at their settlement amount after allowing for any trade discounts due. Page 14
KeDsingtoD House Trust Notes to the Financial StatemeDts for the Year Ended 31 January 2025 Fund structure UnTestricted income funds are general funds thal are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted funds are for specific purposes as stipulated by the donor Pennanent endowment funds are capital funds where there is no power to convert the capital to income and are generally held indefinitely. Hire purehase and finance leases Leases in which substantially all the risk and rewards of olerShIp are relained by the lessor are Classified as operating leases. Rentals payable under operating leases are charged in the Ststement of Financial Activities on a straight line basis over the lease term. Financial instruments Classlfvallon Financial assets and fmancial liabilities are reCOlsed when the charity becomes a party to the contractual prov15ions of the instrLllnent. Basic fmancial instnmients are initially recognised at the amount r¢c¢ivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured ai the cash ¢onsideration expected to be paid or rec¢ived and not discounted. Financial assets thal are measured at cost or amortised cost are reviewed for objective evidence of impaiment loss recognised under the appropriate heading in the siaiement of f)nancial activities in which the initial gain was recognised. Page15
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2025 3 Intome from donatlons and legaei Unreslrieted Total 2025 Total 2024 Ceneral Donations and legacies. Appeals and donations Grants. including capital grants" Grants from other charities 4,503 4.503 6,381 201,926 201,926 203,141 206 429 206,429 209.522 4 In¢om¢ from ¢hrltable aetivltie$ Unrestricted Endowment Permanent Endowment fund5 Total 2025 Total 2024 G¢n¢r#l Crisis Line - Delivery income Daisy Chain - Booking fees 485 10.019 485 10,019 1.048 17,360 10,504 18,408 S Other Ineome Unrestricted fund$ General Total 2025 Toll 2024 Renial in¢ome 11,000 11,000 12,000 Page 16
Kensington House Trust Noles ¢0 the Financial Statements for the Year Ended 31 January 2025 6 Expenditure on char•¢able aetivities Unrestrleted Total 2025 Total 2024 General Note Crisis Line Daisy Chain Allocated support costs 100.775 92,444 62,478 100,775 92,444 101,264 78,007 75,175 255,697 Activlly support costs 255,697 254,446 Actlvily undertaken directly Grant fundlng of aetivity Total 2025 Total 2024 Crisis Grant Line Daisy Chain 53,153 92,444 47.622 32.586 29,892 133.361 122,336 143.729 110,717 145,597 47,622 62,478 255,697 254,446 £255,697 (2024 - £254.446) of the above expenditure was attribulable to unrestricted funds and £Nil (2024 - £Nil) to restricted funds. This figure includes the amounts directly attributable to the charitable activitie$ being £145,597 (2024 £133,342), Grani funding activities of £47,622 (2024 - £45,929) and the suppon costs of £62,478 (2024 - £75,175). 7 Analysis of s¥pport costs Support costs allocated to charitable aetivities Pr¢ml$ts eost$ inelknding depreeialion Governance Costs Administration eosts Total 2025 TotAI 2024 Crisis Line Daisy Chain 7,528 6,906 12,408 11,382 12,650 11,604 32,586 29,892 42,465 32.710 14,434 23,790 24,254 62,478 75,175 Support costs include central functions and have been allocated to aclivity C05t utegories on a basis consistent with the use of resources. Whilst necessary to deliver an activity, the expenditure incurred in its¢lf does not produce or constitute the Outyut of the charity. Consequently charity support costs include central or regional office functions including general management, payroll administration. budgeting and accounting. Page 17
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2025 8 GrAnt-mAking Analysis of grants Gr*nt$ to Institutlons 2024 Gran1$ to Indlvldual$ 2023 2024 Analysls Grants made from Crisis Line 47,622 45,929 The support costs associated with grant-making are £Nil (31 January 2024 - £Nil). 9 Net Incomingloutgolng resources Nel outgoing resources for the year include: 2025 2024 Other non-audit services Depreciation of fixed assets 1,968 2.469 9.559 3.255 10 Trustees remunervdtion and expenses No trustees, nor any persons connected with them. have received any remuneration from the charity during the No truslees have received any reimbursed expenses or any other benefits from the charity during the year. J J Staff ¢o$ts 2025 2024 Staff costs during the year were: Wages and salaries Social 5UrIty ¢OSts Pension contributions 115,430 4,620 2,074 122,124 120,089 4,446 2,137 126,672 Page 18
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2025 The monthly average number of persons (including senior management ten) employed by the ¢harity during the year expressed as full time equivalents was as follows-. 2025 2024 Crisis Line Daisy Chain Govemance No ernployee received emoluments of more than £60,000 during the year. 12 Ind¢pend¢nt examlner's remuneralion 2025 2024 Other fees to examinerg The examining of accounts of any associate of the charity All other services 2,160 9,808 2,160 7,399 9,559 13 Taxation The charity is a r¢8isier¢d ¢harity and is ¢herefore exempi from tsxation, Page 19
Kensington House Trust Notes to the Finaneial Statements for the Year Ended 31 January 2025 14 Tangibk fixtd Assets Land and buildings Furniture and equipment Motor vehleles Total Cosl Al l February 2024 Additions 1,149,174 2,847 179 22.530 .174,551 179 At 31 January 2025 1,149,174 3,026 22,530 1,174,730 Depreciation Al l February 2024 Charge for the year 2,555 93 13,026 2,376 15.581 2,469 At 31 January 2025 2,648 15,402 18.050 Net book value At 31 January 2025 At 31 January 2024 ,149,174 378 7,128 1,156,680 1.149,174 292 9,504 1,158.970 AS Deblors 202S 2024 PrePaents 4,703 3,423 Page 20
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2025 16 Creditors: amounts falling due within one yur 2025 2024 Other taxation and social security Other creditors Accruals 1,990 1,165 12,023 1,993 380 10,168 12,541 15.178 17 Fund$ Balan¢¢ at I February 2024 Ineomlng resources Resoure¢$ expended Balnee at 31 Jnuary 2025 Unre$lricted funds General 793,036 227,933 (255,697) 765.272 Restrieted funds 12.000 12.01)0 Endowment fund5 Pern)anenl 443.599 443,599 TotAI funds 1.248.635 227,933 255,697 1,220,871 Balance at I February 2023 Incoming resources Resources expended Balance al 31 January 2024 Unres¢rict¢d funds General 807,552 239,930 (254.446) 793,036 Restricted fund$ 12,0(Xi 12.000 Endowment funds Pernianent 443,599. 443,599 Total funds .263,151 239.930 (254,446 1.248,635 The specific purposes for which the funds are to be applied are as follows: Durtng a previous period the Charity received £12,000 for the construction of a sensory garden at the Daisy Chain sile on Highfield Road. No such funds have been r¢¢¢iv¢d in the cuent period. Page 21
Kensington House Trust Notes to the Financial Statements for the Year Ended 31 January 2025 18 Analys•s of net asset$ between fund$ Unrestrieted funds General Endowment fund$ Permanent Total funds at 31 January 2025 Rutrleted runds Tangible fixed assets Currenl assets Current liabilities (701,081) (79,369) 15,178 (12,000) (443,599) (1.156,680) (79,369) 15,178 Total net assets 765,272 12,000 443.599 1.220,871 Unrestrieled funds General Endowment funds Permanent Total funds at 31 J8nuary 2024 Restricted 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 Totol net assets 793 036 12,000 443 599 1248,635 19 Related party transaetions During the year the charity made the following related party transactions: Kensingion Developments Limited Mr M.G. Hawe is a trustee of the charity and has a controlling interest in Kensington Developments Limited through his shareholding in Kensington Developments Holdings Limited. During the period Kensington Developments Limited paid the Charity £1 1,000 (2024 £12,000) in respect of otyice space renled at the Charity's main office on an inforn)al basis. Ai the balance sheet date the amowit due tolfrorn Kensington Developments Limited was £Nil (2024 - £Nil). Page 22