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2024-03-31-accounts

Company no. 04391957 Charity no. 1099140

Kinergy

Report and Unaudited Financial Statements

31 March 2024

Kinergy

Reference and administrative details

For the year ended 31 March 2024

Company number 04391957
Charity number 1099140
Registered office and Mary Carpenter House
operational address Kingswood Foundation Estate
Britannia Road
Kingswood
Bristol
BS15 8DB
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report were as follows:
Marie Davies (resigned 2 April 2024)
Lindsey Dowdell (Chair)
Craig Lennox
Paul Spencer (Treasurer)
Rachel Taylor-Evans (resigned 12 June 2023)
Julie Venters (Vice Chair)
Melissa Warren
Company secretary Bert Weenink
Chief executive officer Denise Johnson-Carr
Principal bankers HSBC UK Bank PLC
79 Regent Street
Bristol
BS15 2LH
Independent examiners Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Kinergy

Report of the trustees

For the year ended 31 March 2024

The trustees present their report along with the financial statements of the charity for the year ended 31 March 2024.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Structure, governance and management

The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 11 March 2002 and most recently updated on 15 March 2015. It has no share capital and the liability of each member in the event of winding-up is limited to £1.

Objectives and activities

Kinergy’s objects and aims are:

  1. To provide the relief of sickness by the provision of counselling and support services to persons affected by rape and child sexual abuse; and

  2. To advance the education of the public in the effects of rape and child sexual abuse.

Achievements and performance

The way we provide our services continued to look very different from the way we worked before Covid 19 made its entrance. We see that in three ways:

  1. Although our dedicated staff makes every effort to work at our premises in Kingswood, there are times that it is more practical for staff to work from home. The way we are now set up allows staff to keep in touch with each other through online meetings;

  2. We see most of our clients face to face, but as some find it difficult, for different reasons, to come to us, we can see those clients online; and

  3. Our trustees are busy people, but, if preferred, they do not need to travel to a trustees’ meeting, as all our meetings are hybrid.

Clinical report

Kinergy continues to be an active member charity of the Bristol Alliance, which has helped member agencies to access joint funding and develop joined-up referral and assessment processes as well as inter-agency therapy provisions, particularly for clients with complex needs.

Besides ongoing one-to-one counselling, Kinergy continued to provide group therapy through wellbeing groups for clients on the waiting list, and a somatic body mapping group for clients who already have received 1-1 therapy support at Kinergy or elsewhere. Kinergy also has been able to set up several Eco therapy groups.

From May 2023 we introduced a big change in our relationship with our counsellors. Rather than paying self-employed counsellors per session, we employed a team of 8 counsellors, which gave us more operational control. Alongside that team, we continued our practice of allowing 5 students to do their placements with Kinergy, which was beneficial to both the placement counsellors as well as Kinergy.

2

Kinergy

Report of the trustees

For the year ended 31 March 2024

Public benefit

Kinergy is a specialist organisation offering support through counselling and therapeutic groups to adults in Bristol, South Gloucestershire, BANES & North Somerset, who have experienced any form of sexual abuse throughout their lives.

Kinergy is an inclusive charity offering support to all genders, 18 years and above. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Financial review

We are ending this financial year with an anticipated deficit due to expanding and employing our team of counsellors.

This transition to employed contracts with our counsellors has enabled us to increase our annual session numbers, thereby increasing the number of clients we have been able to see. In fact, in the last reporting year, we supported 228 individuals with 1:1 counselling, an increase of almost 32% on the previous year.

We also installed Office 365 to replace our old server and provide all our staff members with their own laptops and large screens, which has been appreciated by all.

Most of our statutory funding is guaranteed until April 2025, and we have begun preparations for applications to continue this.

We remain vigilant in our fundraising so that we continue to diversify our funders and fundraising streams in line with our fundraising strategy. In the past year we have increased our in-house fundraising and have begun a weekly lottery which has seen success and increased our regular donors. We also held a Christmas raffle and have a planned skydive for June 2024, both of which have seen great engagement from our supporters. The past year has also seen the implementation of a leaving pack sent out to our clients following the conclusion of their support which has led to independent fundraisers and donors.

At present we have an excellent working relationship with the University of Bristol and are exploring opportunities to create similar partnerships with other organisations.

A big thank you to all our continued funders such as the Ministry of Justice, OPCC, NHS, Henry Smith and others for their ongoing support in helping us to provide a space for survivors of sexual abuse and sexual violence. This year has also seen us set up an Access Fund with thanks to the Burden Trust which has helped us to cover the cost of transportation to our facility, improving accessibility for survivors.

We offer thanks to all our funders, big and small, who continue to support us financially. This has allowed us to carry on and develop our work and their interest and involvement is always welcome and valued.

Reserves Policy

According to Kinergy’s reserve policy we need to keep a minimum of three months of expenses in reserve. The trustees estimate 3 months’ worth of expenses as £110,000. Reserves at the year-end were £168,398. We revisit this policy once a year at the Kinergy AGM.

3

Kinergy

Report of the trustees

For the year ended 31 March 2024

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity 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, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which 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 for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 28 October 2024 and signed on their behalf by

Lindsey Dowdell (Chair)

4

Independent examiner's report

To the trustees of

Kinergy

I report to the trustees on my examination of the accounts of Kinergy (the charitable company) for the year ended 31 March 2024, which are set out on pages 6 to 19.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

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

Independent examiner’s statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 28 October 2024 Robert Wilson FCA Member of the ICAEW

For and on behalf of: Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

5

Kinergy

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2024

Income from:
Note
Donations
3
Charitable activities
4
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
6
Net income / (expenditure)
and net movement in funds
7
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Restricted Unrestricted

£
£

-
45,010

276,796
30,092
-
4,096
276,796
79,198
-
64,305
274,156
104,224

274,156
168,529

2,640
(89,331)
-
255,089
2,640
165,758		 2024
Total
2023
Total
£
£
45,010
128,397
306,888
231,432
4,096
2,441
355,994
362,270
64,305
33,142
378,380
268,404
442,685
301,546
(86,691)
60,724
255,089
194,365
168,398
255,089

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 14 to the accounts.

6

Kinergy

Balance sheet

As at 31 March 2024

As at 31 March 2024
2024 2023
Note £ £ £
Fixed assets
Tangible assets 10 27,084 32,819
Current assets
Debtors 11 16,799 5,791
Cash at bank and in hand 136,958 228,380
153,757 234,171
Liabilities
Creditors: amounts falling due within 1 year 12 (12,443) (11,901) (11,901)
Net current assets 141,314 222,270
Net assets 168,398 255,089
Funds 14
Restricted funds 2,640 -
Unrestricted funds
General funds 165,758 255,089
Total charity funds 168,398 255,089

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 28 October 2024 and signed on their behalf by

Lindsey Dowdell (Chair)

7

Kinergy

Notes to the financial statements

For the year ended 31 March 2024

1. Accounting policies

a) Basis of preparation

Kinergy is a charitable company limited by guarantee registered in England and Wales. The registered office address is Mary Carpenter House, Kingswood Foundation Estate, Britannia Road, Kingswood, Bristol, BS15 8DB.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Kinergy meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

d) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

e) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

8

Kinergy

Notes to the financial statements

For the year ended 31 March 2024

1. Accounting policies (continued)

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities based on the proportion of direct costs as follows:

2024 2023
Raising funds 15.6% 11.0%
Charitable activities 92.6% 89.0%

h) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Leasehold improvements 3 years straight line
Computer equipment 3 years straight line

Items of equipment are capitalised where the purchase price exceeds £1,000.

i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid.

j) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

k) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

l) Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

9

Kinergy

Notes to the financial statements

For the year ended 31 March 2024

1. Accounting policies (continued)

m) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key source of estimation uncertainty that has a significant effect on the amounts recognised in the financial statements is depreciation as described in note 1h above.

2. Prior period comparatives: statement of financial activities

Income from:
Donations
Charitable activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net expenditure and net movement in funds		 Restricted
£
Unrestricted
£
-
128,397
208,074
23,358
-
2,441
208,074
154,196
-
33,142
208,074
60,330
208,074
93,472
-
60,724		 2023
Total
£
128,397
231,432
2,441

362,270
33,142
268,404
301,546
60,724

10

Kinergy

Notes to the financial statements

For the year ended 31 March 2024

3. Income from donations

Income from donations
2024
Total
£
Donations
15,760
Grants:
Lloyds Bank Foundation
-
Henry Smith
-
PCC Avon & Somerset
-
The Rainbow Programme
-
Quartet Community Fund
5,000
J M Britton
5,000
Kingswood Rotary Cheque
250
Other grants
19,000
Total income from donations
45,010
In the current and prior year, all income from donations was unrestricted.
Income from charitable activities
Restricted
£
Unrestricted
£
Grants:
Ministry of Justice
145,741
-
Henry Smith
30,800
-
PCC Avon & Somerset
36,900
-
NHS Pathfinder
57,855
-
The Burden Trust
3,000
-
Society of Merchant Venturers
2,500
-
Contract income
-
25,064
Other income
-
5,028
Total income from charitable activities
276,796
30,092
Prior period comparative:
Restricted Unrestricted
£
£
Grants:
Ministry of Justice
158,954
-
PCC Avon & Somerset
49,120
-
Contract income
-
17,836
Other income
-
5,522
Total income from charitable activities
208,074
23,358		 2023
Total
£
14,198
35,583
30,850
20,000
9,766
-
-
-
18,000
128,397
2024
Total
£
145,741
30,800
36,900
57,855
3,000
2,500
25,064
5,028

306,888
2023
Total
£
158,954
49,120
17,836
5,522
231,432

In the current and prior year, all income from donations was unrestricted.

4. Income from charitable activities

11

Kinergy

Notes to the financial statements

For the year ended 31 March 2024

5. Government grants

The charitable company receives government grants, defined as funding from Ministry of Justice and PCC Avon & Somerset, to fund charitable activities. The total value of such grants in the period was £240,496 (2023: £228,074). There are no unfulfilled conditions or contingencies attaching to these grants.

12

Kinergy

Notes to the financial statements

For the year ended 31 March 2024

6. Total expenditure

Professional fees
Counselling, supervision and other costs
Office costs
Telephone and IT
Insurance
Repairs and maintenance
Accessibility
Staff costs (note 8)
Staff training and expenses
Utility and property costs
Registrations and subscriptions
Depreciation
Trustees expenses
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising funds
£
318
-
-
-
-
-
-
-
39,469
-
-
-
-
-
39,787
24,518
64,305		 Charitable
activities
£
-
-
23,928
-
-
790
2,654
360
217,551
-
-
382
-
-
245,665
145,542
391,207		 Support and
governance
costs
£
-
6,803
-
2,378
16,456
799
5,309
-
75,608
8,009
21,886
581
19,367
37
157,233
(157,233)
-		 2024 Total
£
318
6,803
23,928
2,378
16,456
1,589
7,963
360
332,628
8,009
21,886
963
19,367
37
442,685
12,827
455,512

Total governance costs were £26,789 (2023: £29,539).

13

Kinergy

Notes to the financial statements

For the year ended 31 March 2024

6. Total expenditure (continued)
Prior period comparative
Professional fees
Counselling, supervision and other costs
Office costs
Telephone and IT
Insurance
Repairs and maintenance
Staff costs (note 8)
Staff training and expenses
Utility and property costs
Registrations and subscriptions
Depreciation
Trustees expenses
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising funds
£
-
-
-
-
-
-
19,229
-
-
-
-
-
19,229
13,913
33,142		 Charitable
activities
£
-
59,636
-
-
753
1,300
93,662
-
-
376
-
-
155,727
112,677
268,404		 Support and
governance
costs
£
5,769
-
3,761
15,376
626
5,032
54,137
6,650
23,579
359
11,191
110
126,590
(126,590)
-		 2023 Total
£
5,769
59,636
3,761
15,376
1,379
6,332
167,028
6,650
23,579
735
11,191
110
301,546
-
301,546

14

Kinergy

Notes to the financial statements

For the year ended 31 March 2024

7. Net movement in funds

This is stated after charging:

Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration		 2024
2023
£
£
19,367
11,191
Nil
Nil
37
110
1,890
1,740

In common with other charities of our size and nature we use our auditors to assist with the preparation of the financial statements.

During the year one trustee was reimbursed £37 for travel expenses (2023: one trustee, £110).

8. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 2024
2023
£
£
306,268
154,534
17,288
8,112
9,072
4,382
332,628
167,028

No employee earned more than £60,000 during the year.

The key management personnel of the charitable company comprise the Chief Executive Officer, Clinical Manager and Business Manager. The total employee benefits of the key management personnel were £107,888 (2023: £79,242).

Average head count 2024
2023
No.
No.
16
7

15

Kinergy

Notes to the financial statements

For the year ended 31 March 2024

9. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

10. Tangible fixed assets

Leasehold
Cost
improvement
£
At 1 April 2023
29,604
Additions in year
-
At 31 March 2024
29,604
Depreciation
At 1 April 2023
14,402
Charge for the year
9,868
At 31 March 2024
24,270
Net book value
At 31 March 2024
5,334
At 31 March 2023
15,202		 Computer
equipment
£
19,504
13,632
33,136
1,887
9,499
11,386
21,750
17,617		 Total
£
49,108
13,632
62,740
16,289
19,367
35,656
27,084
32,819

11. Debtors

Debtors
Trade debtors
Accrued income
Creditors : amounts due within 1 year
Trade creditors
Accruals		 2024
£
16,799
-
16,799
2024
£
10,553
1,890
12,443		 2023
£
5,616
175
5,791
2023
£
7,161
4,740
11,901

12. Creditors : amounts due within 1 year

16

Kinergy

Notes to the financial statements

Notes to the financial statements
For the year ended 31 March 2024

13. Analysis of net assets between funds
Non current assets
Current assets
Current liabilities
Net assets at 31 March 2024
Prior year comparative
Non current assets
Current assets
Current liabilities
Net assets at 31 March 2023		 Restricted
funds
£
-
2,640
-
2,640
-
-
-
-		 Unrestricted
funds
£
27,084
151,117
(12,443)
165,758
32,819
234,171
(11,901)
255,089		 Total
funds
£
27,084
153,757
(12,443)
168,398
32,819
234,171
(11,901)
255,089

17

Kinergy

Notes to the financial statements

Notes to the financial statements Notes to the financial statements
For the year ended 31 March 2024

14. Movements in funds
Restricted funds
Counselling
Total restricted funds
General funds
Total unrestricted funds
Total funds
Purposes of restricted funds
Counselling
Prior period comparative
Restricted funds
Counselling
Total restricted funds
General funds
Total unrestricted funds
Total funds
At 1 April
Transfers
between
At 31 March
2023
£
Income
£
Expenditure
£
funds
£
2024
£
-
276,796
(274,156)
-
2,640
-
276,796
(274,156)
-
2,640
255,089
79,198
(168,529)
-
165,758
255,089
79,198
(168,529)
-
165,758
255,089
355,994
(442,685)
-
168,398
The counselling fund includes income from the Ministry of Justice and
the Police and Crime Commissioner Avon and Somerset and supports
additional counselling sessions.
At 1 April
2022
£
Income
£
Expenditure
£
Transfers
between
funds
£
At 31 March
2023
£
-
208,074
(208,074)
-
-
-
208,074
(208,074)
-
-
194,365
154,196
(93,472)
-
255,089
194,365
154,196
(93,472)
-
255,089
194,365
362,270
(301,546)
-
255,089		 At 31 March
2024
£
2,640
2,640
165,758
165,758
168,398
-
255,089
255,089
255,089

18

Kinergy

Notes to the financial statements

For the year ended 31 March 2024

15. Operating lease commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due:
Within 1 year
Within 1 - 5 years		 2024
2023
£
£
22,638
-
54,600
-
77,238
-

There were no lease commitments at the prior year end as the lease had lapsed with no replacement in place.

16. Related party transactions

There were no related party transactions in the current or prior period.

19