Keyham Community Partnership Limited Charity No. 1075648 Company No. 03266180 Trustees, Report and Unaudited Accounts 31 March 2024
Keyham Community Partnership Limited Contents Pages Trustees, Annual Report Summary Income and Expenditure Account Balance Sheet Notes to the Accounts 5t08 Detailed Statement of Financial Actlvities 9t010 Page 1
Keyham Community Partnership Limited Trustees Annual Report The trustees, who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the unaudited financial statements of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 03266180 Charity No. 1075648 Registered Office Froebel House 100 Granby Street Devonport Plymouth PL14BN Directors and Trustees The Directors of the charitable company are its Trustee5 for the purposes of charity law. The following Directors and Trustees served during the year.. R.M.P. Brooke G.A, Marsh M,A. West Company Secretary S. Lewis Accountants Mayers 33 Mary Seacole Road The Millfields Plymouth PL13JY STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as dedined by the Companies Act 2006 The Trustees are responsible for keeplng proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companie5 subject to the small companies regime as set out In Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on be alf of the board M.A. West Trustee 14 June 2024 Page 2
Keyham Community Partnership Limited Statement of Financial Activities for the year ended 31 March 2024 Unrestricted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from.. Charitable activities Other trading activities Investments 30,421 327,916 2,746 30,421 327,916 2,746 33,058 255,435 641 Total 361,083 361,083 289,134 Expenditure on: Charitable activities Other 4,301 323,536 4,301 323,536 6,908 250,614 Total 327,837 327.837 257,522 Net gains on investments Net income 33.246 33,246 31.612 Transfers between funds Net income before other gains/(losses} 33,246 33,246 31,612 Other gains and losses Net movement in funds 33,246 33,246 31,612 Reconciliation of funds: Total funds brought forward 343,630 343,630 312,018 Total funds carried forward 376,876 376.876 343,630 Page 3
Keyham Community Partnership Limlted Balance Sheet at 31 March 2024 Company No. 03266180 Notes 2024 2023 Flxed assets Tangible assets 57.808 57,808 62,513 62.513 Current assets Debtors Cash at bank and In hand 10 50,000 280,189 330.189 {11,121) 319.068 50,502 244.123 294,625 (13,508) 287,117 343,630 343.630 Creditors: Amount falling due within one year Net current assets 11 Total assets less current liabilities 376,876 376,876 Net assets excluding pension asset or liablllty Total net assets 376,876 343,630 The Funds of the charity Restricted funds Unrestricted funds General funds 376,876 343,630 376,876 343,630 Reserves Total funds 376,876 343,630 These accounts have been prepared in accordance with the special provisions of Part 15 ofthe Companies Act 2006 relatlng to small companles. For the year ended 31 March 2024 the company was entitled to exèmptson under section 477 of the Companles Act 2006 relating to small companles. The member5 have not requlred the company to obtaln an audit In accordance with section 476 of the Companies Act 2006. The diTectors acknowledge their responsibllitie5 for complylng with the requirements of the Companies Act 2{)6 with respect to accountlng records and the preparation of accounts. Approved by the board on 14 June 2024 And slgned on its behalf by: G.A. Marsh Trustee 14 June 2024 Page 4
Keyham Community Partnership Limited Notes to the Accounts for the year ended 31 March 2024 1 Accounting policies Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2015) (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Taxation The charity is exempt from corporation tax on its charitable activities. Tangible fixed assets and depreciation Depreciation is provided at the following annual rates in order to write off each a55et over its estimated useful life: Freehold property Fixtures, fittings & equipment 5'h Stralght line 20% Straight line 2 Income from charitable activities Unrestricted Total Total 2024 2023 Charitable activities 30,421 30,421 30,421 30,421 33,058 33,058 3 Income from other trading activities Unrestricted Total 2024 Total 2023 Management and administration 327,916 327,916 251,858 Expense recharges 3,577 255,435 327,916 327.916 4 Income from investments Unrestricted Total Total 2023 2024 Deposit account interest 2,746 2,746 2.746 2,746 641 641 Page 5
Keyham Community Partnership Limited Notes to the Accounts 5 Expenditure on charitable activities Unrestricted Total 2024 Total 2023 Drake foundation KCP Keystone CIC- vulnerable children 4,384 4,301 4,301 2,524 4.301 4,301 6,908 6 Other expenditure Unrestricted Total 2024 Total 2023 Subcontractors Consumables 24,350 2.199 24,350 2,199 24,900 4,638 Employee costs Motor and travel costs 241.234 1,513 13,981 241,234 1.513 13,981 176,649 885 Premises costs Amortisation, depreciation, impairment, profitlloss on disposal of fixed assets General admlnistrative costs Legal and professional costs 12,438 11.057 11,057 9.786 25,818 3,384 323,536 25.818 3,384 323,536 17,736 3,582 250,614 7 Net income before transfers 2024 2023 This is stated after charging.. Depreciation of owned fixed assets 8 Staff costs 11,057 9,786 2024 204,264 12,529 10,673 227,466 2023 156,689 8,481 9,768 174,938 Salaries and wages Social security costs Pension costs No employee received emoluments in excess of £60,000, The average monthly number of full time equivalent employees during the year was as follows: 2024 Number 2023 Number Admin Staff Page 6
Keyham Community Partnership Limited Notes to the Accounts 9 Tangible fixed assets Land and buildings Fixtures, fittings & equipment Total Cost or revaluation At 1 April 2023 Additions At 31 March 2024 Depreciation and impairment At 1 April 2023 Depreciation charge for the year At 31 March 2024 70.000 31,431 6,352 37,783 101.431 6,352 107,783 70,000 32,632 6,286 38,918 3,500 7,557 11.057 36,132 13,843 49,975 Net book values At 31 March 2024 At 31 March 2023 33,868 37,368 23,940 25,145 57,808 62,513 10 Debtors 2024 2023 Trade debtors 50.000 50,000 50,502 50,502 11 Creditors.. amounts falling due within one year 2024 2023 Trade creditors Accruals 8,331 2,790 11,121 10,844 2,664 13,508 Page 7
Keyham Community Partnership Limited Notes to the Accounts 12 Related party disclosures 2024 2023 Transactions with related parties During the year the company undertook transactions With KCP Keystone CIC, a company which is under the control of the same directors as Keyham Community Partnership Limlted The company invoiced KCP Keystone CIC Description of transaction £332,125 (2023 £253,971) during the year and general amounts for various goods and services including involved management and facility charges Amount due from/(to) the related party Controlling party Description ofrelatlonship between the partie5 50,000 50.502 The company is limited by guarantee and has no share capital,. thus no single party controls the company. Page 8
Keyham Community Partnership Limited Detailed Statement of Financial Activities for the year ended 31 March 2024 Unrestricted funds Total funds 2024 Total funds 2023 2024 Income and endowments from,, Charitable activities Charitable activities 30,421 30,421 30,421 30.421 33,058 33,058 Other trading activities Management and administration Expense recharges 327,916 327,916 251,858 3,577 255,435 327,916 327.916 Investments Deposit account interest 2,746 2,746 2,746 2,746 641 641 Total income and endowments 361,083 361,083 289,134 Expenditure on: Drake Foundation KCP Keystone CIC - vulnerable children 4,384 4,301 4,301 2,524 4,301 4,301 6,908 Total of expenditure on charitable activities 4,301 4,301 6,908 Other expenditure Subcontractors Consumables 24,350 2,199 26,549 24,350 2,199 26,549 24,900 4,638 29,538 Employee costs Salaries/wages Employer's NIC Pension costs Staff training 204,264 12.529 10.673 13,768 241,234 204,264 12,529 10,673 13,768 241,234 156.689 8.481 9,768 1,711 176,649 Motor and travel costs Travel and 5ubslStence 1,513 1,513 1,513 1,513 885 885 Premises costs Rent Light, heat and power Premises cleaning 4,341 7,740 1.900 13,981 4,341 7,740 1.900 13,981 4,421 8,017 12,438 Page 9
Keyham Community Partnership Limited Detailed Statement of Financial Activities General administrative costs, Including depreciation and amortisation Depreciation of land and buildings Depreciation of Fixtures, fittings & equipment Bank charges Equipment repairs and maintenance General insurances Software, IT support and related costs 3,500 3,500 3.500 7.557 7,557 6,286 134 134 133 18,807 18,807 11,168 2,663 2,663 2,396 1,277 1,277 1,213 Stationery and printing Subscription5 Telephone, fax and broadband 839 388 1,710 36,875 839 388 1,710 36,875 996 789 1,041 27,522 Legal and professional costs Accountancy and bookkeeping Other legal and professional costs 2,790 2,790 2,730 594 594 852 3,384 3,384 3,582 Total of expenditure of other costs Total expenditure Net gains on investments 323,536 323,536 250,614 327.837 327,837 257,522 Net income 33,246 33,246 31,612 Net income before other gains/(losses) Other Gains 33,246 33,246 31,612 Net movement in funds 33,246 33.246 31,612 Reconciliation of funds.. Total funds brought fonNard 343,630 343,630 312,018 Total funds carried fonmard 376,876 376,876 343,630 Page 10