Do¢usign Envelop8 ID." 124EC6E7-137C4E08-9B3B40272823750A THE KITCHEN TABLE CHARITIES TRUST UNAUDITED ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 CHARITY NUMBER- 1110829
Dctusign Envelope ID.. 124EC6E7-137C4E08-9B3B-60272823750A THE KITCHEN TABLE CHARITIES TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024 The Trustees present their annual report and financial statements of the charity for the year ended 30th June 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102) OBJECTIVES AND ACTIVITIES The Trust has been established to aid small charities struggling to survive through lack of ability to raise funds themselves. Grants are given to small charities, which are supporting the most vulnerable people in some of the poorest parts of the world. Grants are primarily made to charities already known to the trustee. Public Benefit: The funds are raised for distribution to smaller charities. in countries suffering from poverty and deprivation,. that help in providing education and healthcare and the facilities needed for developing sustainable living. In planning the Fund's grant-making the trustee has kept in mind the Charity Commission's guidance on public benefit. Grant-making Process: Recommendations on grants are taken by John Humphrys on behalf of the settlors with support from Brian Donaldson, a former British Ambassador in East Africa, and William Fulton, who has operated a charity in Tanzania for many years. Both have enormous knowledge of the problems facing the world's poorest people, especially children, and vast experience in helping them. On the basis of recommendations re]ved, the trustee makes awards in accordance with the Charity's objectives. Achievements and Perfonnance The Trust has continued to receive a regular flow of income from its loyal supporters. This continued donor support has enabled the trustee to make awards to 40 {2023: 34) different organisations. Whilst in many cases the sums involved are relatively small. the awards made have had significant impact on the beneficiary organisations. Financial Review Investment income of £309,466 (2023: £88.881) was received during the year. This funded grants of £216,000 (2023: £189,646) to charitable organisations. Capital investments decreased in value from £274,313 to £245,272 {2023: decreased in value from £330,605 to £274,313) at the year end. Investment Policy and Powers The Trustees have the same full and unrestricted powers of investment in all respects as if they were the beneficial owners.
Docusign Envdop8 ID". 124EC6E7-137C4E0&9B38-60272823750A THE KITCHEN TABLE CHARITIES TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024 The investment strategy is set by the Trustees and takes account of recent demands for funds and an assessment of expected future needs (see Reserves Policy). The investment policy and strategy are reviewed with the investment managers at regular intervals. Risk Management The main risks to which the charity is exposed as identified by the trustees have been considered and systems have been established to mitigate those risks. Reserves Policy The Trust relies on a regular inflow of donations to support its grant making activities. Whilst there is no requirement for any funds to be held on a long-term basis the trustee will hold sufficient reserves to ensure sustainability of the grant making programmes. The trustee is managing the reserves to balance the needs of current and future beneficiaries. It is not anticipated that the needs of beneficiaries will diminish over time. Plans for the Future The objectives remain unchanged for the future," the intention is for further grant making to small charities, through continued donor support. Structure, Governance and Management The Kitchen Table Charities Trust is a registered charity, number 1110829. It was established by a Trust Deed dated 9th June 2005. Appointment and Induction of Trustees." The power of appointing new trustees is vested in the settlors jointly during their lives and in the survivors jointly or the survivors of them during the remainder of their respective lives. The corporate trustee, LCVS, has a trustee recruitment policy that maintains a diverse mix of skills and experience that supports the govemance and management of the charity. There is balance between representation from 'communities of interest, and individuals with business acumen. The induction procedure for new trustees includes distribution of background information, a¢sS to all records and attendance at an organisational induction session. Following this, new trustees formally sign a declaration of willingness to serve.
Docusign Envelope ID". 124EC6E7-137c-4EO8-983O27282375OA THE KITCHEN TABLE CHARITIES TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024 REFERENCE AND ADMINISTRATIVE DETAILS Name Charity number Principal Office The Kitchen Table Charities Trust 1110829 LCVS 151 Dale Street Liverpool L2 2AH The Trust was established by the settlors John D. Humphrys, Catherine J. Adey-Davies and Christopher J. Humphrys. Liverpool Charity and Voluntary Services (LCVS), a corporate trustee, which is incorporated under the Companies Act as a company limited by guarantee without share capital as company number 181759, a registered charity, number 223485. and a charitable Trust Corporation. LCVS trustees, who are also its directors, were as follows during the year. Sonia Bassey MBE Mike Thomas Settlors Trustees Chair Treasurer Trustees Dorcas Akeju Sonia Bassey MBE Maxine Ennis Anna James (Appointed 1 Ph October 2024) Dr Hardamanjit R Kaur (Appointed 17th October 2024) Ken Perry (Resigned 2nd September 2024) John Pri (Resigned 4th November 2024) Anne Reading (Appointed 171h October 2024) Michael Salla Louise Scholes Gemma Shone James A Sloan Neil John Sturmey Mike Thomas (Resigned 30th June 2024) Secretary Independent Examiner Helen Rotheram Paula Sanchez ACCA Score Lane Liverpool L16 5EF Investec Wealth and Investment The Plaza 100 Old Hall Street Liverpool. L3 9AB Investment Manager
Docusign Envelope ID.. 124EC6E7-137C4E08-9B3B-60272823750A THE KITCHEN TABLE CHARITIES TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024 TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements" prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping 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 Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the Trustee, Liverpool Charity and Voluntary Services. Mike Thomas- LCVS Trustee 26/03/2025 Dated:
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KITCHEN TABLE CHARITIES TRUST I report to the trustee on my examination of the accounts of The Kitchen Table Charities Trust ('the charity,) for the year to 30th June 2024, which are set out on pages 7 to 14. Responsibilities and basis of report As the trustee of the charity. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act.). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, l express no opinion as to whether the accounts present a 'true and fair view. and my report is limited to those specific matters set out in the independent examinerfs statement. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act" or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the applicable requirements Conrning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. 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. Name: Paula Sanchez Name of applicable listed body.. Association of Chartered Certified Accountsnts Relevant professional qualification or body" ACCA Date.. 31 MarGh 2025
Dogn Envelope ID". 124Ec6E7-137C4E0&98302Y282375oA THE KITCHEN TABLE CHARITIES TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024 Unrestricted Funds Capital Total Funds 2024 Income Funds 2024 Total 2024 2023 Income from: Donations and legacies Investmeilts Notes 2a 2b 302,203 7,263 302,203 7,263 80,525 8,356 Total income 309,466 309,466 88,881 Expenditure on.. Raising funds Charitable activities 250 220,765 250 220,765 600 190,246 Total expenditure 221,015 221,015 190,846 Net income 88,451 88,451 (101,965) Transfer of funds Net gain/(loss) on investment 50,000 (50,000) 20,959 20,959 3,708 Net movement in funds 138,451 (29,041) 109,410 (98,257 Reconciliation of funds." Total funds brought fOard 24,032 274,313 298,345 396,602 Totsl funds carried forward 162,483 245,272 407,755 298,345 The notes on pages 9 to 14 fomi part of these accounts. The net movement in the funds in the year is derived from the continuing activity of the charity.
Docusign Envelope ID.. 124EC6E7-137C4E08-9B3W272823750A THE KITCHEN TABLE CHARITIES TRUST BALANCE SHEET AS AT 30TH JUNE 2024 30th June 2024 30th June 2023 Fixed assets Investments Notes 245,272 274,313 Current assets Debtors Cash balances 162.483 26,935 162,483 26,935 Current liabilities Creditors (2,903) Net current assets 162,483 24,032 Net assets 407,755 298,345 Funds Income funds Capital funds 162,483 245,272 24,032 274,313 407,755 298,345 Approved and authorised for issue by the Trustees and signed on their behalf by th)¢Ud by. 9B593&5lPalW&.............. Mike Thomas- LCVS Trustee 26/03/2025 Dated:
Dogjsign Envdope ID.. 124EC6E7_137c4E0&9B327282375OA THE KITCHEN TABLE CHARITIES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 1. ACCOUNTING POLICIES Basis of Accounting The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) (SORP 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS102) and Charities Act 2011. The trust constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Going concern At the time of approving the accounts. the trustee has reasonable expectation that the charity has adequate reseNes to continue in operational existence for the foreseeable future. Thus, the trustee continues to adopt the going concern basis of accounting in preparing the accounts. Investments In accordance with Statement of Recommended Practi. Accounting and Reporting by Charities (SORP 2019), investments held as fixed assets are stated at fair value. Realised and unrealised gains and losses are dealt with as movements on the Capital Fund. Investments are valued at the mid-marf(et price on the valuation date. Fund accounting Unrestricted funds are considered 'free' reserves and are available for use or retention at the discretion of the Trustees. in accordance with the charity's objectives. Free reserves are undesignated funds available forthe furtherance of the general objectives of the charity. Restricted funds are subject to specific restrictive conditions imposed by the donor or grant making body. All restricted funds are accounted for as restricted income and expenditure for the purposes is charged to the fund. (See detail in note 9). Income recognition Income from investments comprises dividend income and interest and are accounted for when received in the financial year. Donations are recognised at the earlier of notification or date of receipt, in the case of the third-party donations and legacy income when received by the organisation. Expenditure recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.
Docusign Erwelope ID". 124EC6E7-l37EO9B3B-6o272823750A THE KITCHEN TABLE CHARITIES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 All expenditure is accounted for on an accrual basis. All expenses, including support and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities. Raising funds costs relate to expenses incurred in the management of the investment assets. Charitable activities include grant funding, along with associated support costs, to beneficiaries. These are dealt with in the Statement of Financial Activities when payment has been approved by the charity. Governance costs relate to compliance with constitutional and statutory requirements and specifically include all costs incurred by the charity in producing the Annual Report. Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charty's balan sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balans, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 10
Docusign Envelope ID.. 124EC6E7-f37C4EO8-9B3B-60272823750A THE KITCHEN TABLE CHARITIES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 Taxation The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions. Partial recovery is made of tax credits on UK dividend income. The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT. Critical Accounting Estimates and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. 2. Income and endowments from: Income fund 2024 Capital Total Total Fund Unrestricted Unrestricted 2024 2024 2023 a. Donations and Legacies Donations 302,203 302,203 80,525 Donations and legacies income for 2023 related wholly to unrestricted funds. b. Investments Investments dividends and interest 7,263 7,263 8,356 Investment income for 2023 related wholly to unrestricted funds. 3. Expenditure on charitable activities: a. Analysed as follows. 2024 2023 Direct chan"table expenditure." Grant funding Grant support admin 216,000 4.140 187,245 2.401 220,140 189,646 11
Dowsign Envelope ID.. 124EC6E7-137C4E08-9B3B-60272823750A THE KITCHEN TABLE CHARITIES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 2024 2023 Support & Governance costs.. LCVS accountancy fee Independent examination Bank charges 350 250 25 350 250 625 600 Total expenditure on charitable activities 220,765 190,246 During the year a £4,140 (2023.. £2,401) donation was made to the corporate trustee. Liverpool Charity and Voluntary Services. In 2024, all expenditure was unrestricted (2023: unrestricted). b. Staff Costs and Numbers The charity does not have any employees (2023: nil) The Corporate Trustee. Liverpool Charity and Voluntary Services {LCVS) was not remunerated for its services as Trustee. LCVS did however receive payment in the year for costs of administering the receipt of income and payment of grants as well as book- keeping and accounts preparation. See note 8 for further information. The following grants were made during the year: Grants of £1,000 and over Ada Development Association Akuoro Restore Hope Initiative Akwaaba Foundation Amani UK Bananabox Trust Butakoola Village Association Cataracts Are Curable Chilli Childrens Trust Class Rooms For Malawi Duaem Charity Equal Aqua Friends Of Sick Children In Malawi Friends Sick Child Future Of Taru Hereafter Ghana Hope For Kids Zimbabwe Jacaranda Uk Foundation Malawi Justice & Mercy Commu Int Project Kipuca Tanzania Landus Foundation For Development Lisas School 6,000 6,000 5,000 5,200 6,000 6,000 6,000 3,500 5,000 6,600 4,500 6,000 6,000 5,200 5,500 6.500 6,000 6,000 5,000 6,000 2.000 12
Docusign Envelope ID.. 124EC6E7-137C4E08-983840272823750A THE KITCHEN TABLE CHARITIES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 Liseli Initative Madagascar Development Fund Manacare Foundation Matubulu Deaf School Med Ser Responders In Tanzania Nature Care Foundation Oyugis Integrated Dev Org Ride-uganda Rise For Nature Spirulina Development Institut St Peters Life Line Kenya The Wulugu Project To Live In H.O.P.E. Trio Uganda Water Works Twst Where There's A Well 6,000 24,000 5,000 6,000 6,000 5,500 6,500 4,000 5,000 6,000 4,000 4,500 5,000 5,500 6,000 3.000 216,000 Grants under £1,000 Total grants 216,000 4. Fixed Asset Investments 2024 2023 Quoted investments.. Market value at 1st July 2023 Withdrawals Unrealised gainl(losses) on investment assets 274.313 330,605 (50,000> (60,000) 20,959 3,708 Market value at 30th June 2024 245,272 274,313 Book value at 30th June 2024 209,894 209,894 The trust holds 100°/o of its investments in a Charity Commission approved pooling scheme, the Settlors, Trust Fund (STF), administered by Liverpool Charity and Voluntary Services and managed by Investec Wealth and Investment. At 30th June 2024, the assets of the STF fund had a total market value of £33,821.443 (2023: £31,099,741) of which £245,272 (2023.. £274,313) is an asset of the trust. 5. Debtors There were no debtors during the year end 30th June 2024 (2023: £nil) 13
Docuggn Envelope ID.. 124EC6E7-I37E0&9B3]27282375OA THE KITCHEN TABLE CHARITIES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 6. Creditors 2024 2023 LCVS accountancy fee Independent examination fee Grant 350 152 2,401 2,903 7. Unrestricted Funds Income Fund Investment income and donations received for distribution as grants to individual young people and charitable voluntary youth organisations. Capital Fund Funds held provide income for the on-going activities of the trust. 8. Related Party Transactions As detailed in note 3, Liverpool Charity and Voluntary Services (LCVS) received a donation of £4,140 (2023: £2,401) as a contribution towards costs incurred in administering the receipt of donations and payments of grants. In addition, the sum of £350 (2023.. £350) is payable to LCVS in respect of book-keeping and accounts preparation. LCVS is related to the Trust by virtue of being the corporate trustee. During the year the Trust made grants totalling £24,000 (2023.. £24,000) to the Madagascar Development Fund for which Brian Donaldson who is a Patron. Its income is also administered by LCVS. No trustee received remuneration or expenses as part of their role as Trustee of the charity. 14