REGIsfERED COMPANY NUMBER: 05981181 (England and Wales) REGIsfERED CHARrrY NUMBER: 1117763 REPORT OF THE TRusfEES AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR KAIROS COMMUNrrY TRusr Carfeys ststutory Auditt)r Second Floor South The Fitted Rigging House The Historic Dockyard Chatham Kent ME4 4TZ
KAIROS COMMUNTfY TRusr CONTENTS OF THE FINANCIAL sfATEMEMrs FOR THE YEAR ENDED 31 MARCH 2024 Report of the Trustees i to io Report of the Independent Auditors 11 to 13 Statement of Financial Artivities 14 Balance Sheet 15 Cash How Statement 16 Notss to the Financlal Statements 17 to 27
KAIROS COMMUNrrY TRusf (REGIsfERED NUMBER: 05981181) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustses who are also directors of the charity for the purwses of the Companies Act 2006, present their rewrt with the finanaal statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charitles.. Ststement of Fiecommended practi applicable to tharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Fiepubllc of Ireland (FRS 102) (effective l January 2019). OBJEcfIvES AND ACTIvrrIES Objectives and alms Kairos Community Trust, the "trust has kept to Its prlncipal aim {outllned in its Memorandum and Articles of sOciation) of working with homeless and disadvantsged persons, especialty those wh alcohol and drug related problems. The trust believes that the jouriiey to recovery from drugs and alcohol begins in a safe, secure environment. The trust helps homele55 men and women with drug and alcohol problems through its abstinence-support hostel, rehabilitation programmes, and netsvork of thity supported Move-on houses, most of which are in South London. Core services provlde.. sober hostel accommodation, day programme rehabilitstion, resldentlal rehabilitation, supwrted housing and aftercare. Each seryice can be accessed separately or they can be comblned to build individual pathways to recovery over a teriod of time. All ServIS are delivered by experienced teams of qualified therapists, suppjrt workers and adrnini5trators. It offers a residential programme of support at thr levels - post-detox and assessmen¢ rehabilitation and Move-on houses. Its emphasis is a communal style of livlng in all Its houses. The trust offers three stsges of Ca to its client group: First stage care 22 knnden Grove continues to be a registered hostel offering, wth the co-operation and assistance of Sternhall Lane GP Practice, a pr{ramMe of counselling and support (post-detox). This arrangement has tken in operation for several years and offers a proven and excellent se1. Second stsge - residential care 59 Pethwin Road contlnues to be a residential care home offering a treatment programme of counselling and therapy for wple wlth alcohol and drug related problems. It obtains funds from Social Services for all those who beneflt from the residential rehabilitatson programme. It is regulated by the Care Quality Commission, complying with the section 20 regulations of the Health and Social Care Att 2008. Second stage - non-residential care (Garden Day Programme) 66 Nunhead Lane provides a non-residential day programme to people in the community, The programme has estsblished a Strong foothold in the community, providing an ever-growing *rVI to those who cannot avail themselves of resldential rehabilitation. Third stage care Accommodation with added help and support is offed at thls stage. The number of Move-on houses is now thirty, twenty of which are owned by Kairos, providing 194 beds in total. It is through these residential properties that the charity continues to offer support during the extended period Of rehabilitation of its residents. People coming into thi5 Stage of support are encouraged to participate in the Kairos Aftercare Programme which operates three days a week. In setting the above objectives and managing its activities the trustees have given careful consideration to the Charity Commission's guidan on Public Benefit. Public benefit The trustees and directors have paid due regard to guidantr issued by the Cha17ty Commission in deciding what activities the tru should undertake and have complied with the duty in section 4 of the Charities Act 2011. The trustee5 believe that the trust confomis readily to the public benefit requirements of the Charity Commission. The reasons for this belief are our charitable objective - to work wlth homeless and disadvantaged persons, especially those with alcohol and drug related problems and offering residential programme of 5UPPOrt at three levels - PK)St-detox and assessment, rehabilitstion and Move-on houses in a communal style of living environmellt." Page I
KAIROS COMMUNrrY TRusf (REGIsfERED NUMBER: 05981181) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJEcfIvES AND ACTIVITIES Stsffingi volunteers and placements The trust has thifty full-time and thirteen part-time staff, as well as eight per)ple on the DWP Permitted Work scheme (working up to sixteen hours per week). The trust has enty one service-based volunteers, predominantly fornier Kairos service u5er5 actively engaged in efve-step recovery and keen to give back to the arganisation. These volunteers link residents and paid staff and provide diverse support, from night shifts and office duties to maintenance and catering. Volunteers can pursue a Diploma in Health and Social Care and may trdnsition to become paid staff, testament to our ethos of growth and mutual support. All staff and volunteers are DBS valated. Extemally provided Safeguarding training is mandatory for WOTkers across Kairos, servi, including volunteers, and refreshed every two years. Our goveming body 15 a Trust and the organisation is managed and monitored by Trustees, who are independent volunteers from the community. The trust 15 committed to shaping the future of counselling through professional training and mentorship. Acros5 its services, it hosts fourteen student pIdrnents from varted aGidemic institutions, supported by experienced Kairos supervisors. Page 2
KAIROS COMMUNrrY TRUST (REGISTERED NUMBER: 05981181) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Achievement and performance Charitsble activities The trust continues to develop its seN15 to homeless people with addittion related problems. Kairos has a 'pathways' Service starting with post-detox at Linden Grove (first stage), followed by either the CQC-regisiered residenb'al rehabilitation at Bethwin Road or the non-residential Garden Day Programme at Nunhead Lane (second stage), and then p)greIng to 5UPPDrted Move-on accommodation (third stage) in one OF its thirty houses. Aftercare Programme further supports individuals preparing for independent living. Across the trusys abstinen support hostel, residential and day programme treabnent services, nearly 70Wo of participants (67.7%) successfully completed treatment in 2023-24 with a 73 % cornpletion rate in the Bethwin Road residential rehab. National figures for FY 2023-24 have not yet been published (as of September 2024). However, as a nChMark, this compares exceptionally favourably to the 46¥0 successfvl completion rate for exiting drug and alcohol treatment services across England in 2022-23 (OFfice for Health Improvement & Disparities, Accredited official statistics- Adult substance misuse treatment statistics 2022 to 2023: report, last accessed September 2024). Thi5 15 eVIdend in the breakdown of client ststistics for the year, as follows.. Linden Grove 2023-24 102 admtiedl68 completed (2022-23 137 admitted165 completed) Bethwin Road 2023-24 33 admittedl24 completed (2022-23 52 admittedl34 compSeted) rdon. DJY ProAt.amm 2023-24 35 admitted/23 completed (2022-23 39 admittedl 23 completed) Move-on Accommodation 2023-24 171 moved in/162 moved out (2022-23 155 moved inl151 moved out} Achievements this year, satisfying last year's targets and objettives: Managers to continue tr) work cooperatively on optimlslng Kalros, unique 'Pathways' programme. Buy rather than rent propety, where possible, consolidating the charitys ffinancial revenue base. Rentsl of an ten-bedroomed Move-on house in Lambeth. Expansion of the charity's criminal justice work in our North London houses and community, successfully compteting the first year of a three-year seed project supported by National Lottery funding. Cary out pre-planning maintenance surveys of selected houses with the help of CRASH Charity and their patrons. Kairos has engaged with CRASH to begin feasibility asSernent and analysis for the development of the worker5, house in SE23, Continue with the refurbishment at Bethwin Road.. completed refurbishment of bathrooms, in conjunrtion with CRASH Charity. Explore funding opportunitie5 through the Communications and Development Officer.. for exafflple, Kairos received maximum available Cost of Living grant and has been commissioned by Southwark Council to provide the 'Recovery Communities, project. Focused training (mandatory) of staff and volunteers to comply with relevant gUlationS and the Charity's objectives. Developed placements in Health & Social Care settor for residents. Increased sUPPOrt for student plaments across Kairos, servi5 and through the Recovery Communities programme commissioned by Southwark Council. Continued to review and update policies and procedures. Continued to work on the development of Kairos, archive5 and websfte. Increased focus on the charity's cross-operational risk management pro5 and documentation. Continued development of volunteering and the DWP Permitted Work scheme. Continued pursuit of good environmental prath"ces, wherever possible. The Kairos bee project continues to flourish, with environmental and Social benefits Qsuch as volunteering for resKients). Continue to install wi-fi in all Move-on houses.. additional The trustee5 Wish to put on record their thanks to their loyal and hardworking staff and to all those who volunteer their time in many different capaclties. Page 3
KAIROS COMMUNITY TRUST (REGIsfERED NUMBER: 05981181) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 srRATEGIC REPORT Financial review Financial position The trust's principal sources of income continue to be housing trEnefit. Supporting People funding and residential care home fees, as well as funds raised from activitie5 and appeals. Together these enable it to provide care and rehabilitation, mainly on a residential basis. to its dienl group, thus fulfilling its charitable aims. All the trust's assets are used directly or indirectly in furthering its charitable purpose. Principal risks and uncertainties The trust5 have reviewed the risks inherent in the activities of the trusi. These include.. The remote p055ibility of a significant change in public policy that could drastically reduce its main sources of income. Risk related to Complian and regulatory requirements. Fl'sk ass(Kiated with ongoing rnaintenan needs to keep its freehold property to a go¢xl standard. Inherent risks arising from being a people-based organisation. Additional key risks faced by the trust are.. Potential for fraud and error.. mitigated through segregation of duties, intemal controls and financial policie5. risks arising from emerging technologles .' mitigated by outsourcing security management, In view of these risks the trustees have re501ved to seek to move towards retaining a balan in the general fund of at least £500,000. Page 4
KAIROS COMMUNITY TRusf (REGIsfERED NUMBER: 05981181) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 srRATEGIC REPORT Financial and risk management objectives and policies Risk Mitigation The following key risks have been identified,, Funding and financial stability . the trust would be direcuy impacted by wider government policy shffts that negativety impart funding for housing bene fit and soci31 seNices provision. The tru5Vs approach includes diversified funding streams. In addition to housing benefit and social Servi funding, its post-detox day pmgrammes (Aftercare,. Garden Day Programffle) and residential rehabilitation facilities at Bethwin Road accept Service users from the wider community- To fund specific prDjects, a wider funding base is pursued: for example, the organisation is collaborating with the London Borough of Southwark to establish additional therapeutic and Cial activities that support individuals, wellbeing. Kairos a150 secured a grant from the Community Organisations Cost of Living fund to help cover rising utility and stafffing costs and to support residents in obtaining white goods for their transition from its services. The Trustee5 riodiCallY assess costs to ensure Kairos Community Trust MaInS efficient and c05t-effective. complian and Regulatory risk .. the trust i5 diredy impacted by regulatory changes, such as those related to CQC accreditstion (as held by the Bethwin Road residential rehabilitation ntre), Health and Safety legislation, the Charity Commission and requirements fo r Houses of Multiple Occupancy (HMOS). The trust mitigates this rlsk by providing ongoing staff training and supeNision to ensure compliance with current regulation and standards, as demonstrated in response to changes to the CQC framework In January 2024. Regular managers, meeting are held betsveen business units and the charity's Director, who also convenes regulady wh TrLtst&s. Compliance monitoring and repxjrting are in place to ensure that appropriate stakeholders are fully Infomied and up-to-date with regulatory requirements and their fulfilment. The organisation is audited annually by extemal auditors and operates in accordance with kxjlides and procedures ratified by the Tmstees. Stafflng.. Kairos Community Trust is a Feople-based operation with an exp*rienced and committed long-term workforce. The W0fOrCe is one of the organisatlon's strengths but also poses potential risks such as when members of this workforce approach tIrernent. If this occurs simultaneously across business units there is a risk that the organisation's character and ethos could be negatively affected. However, Kairos has a robust operational and stratsgic strutture with strong values,allowing it to manage sud) or similar periods (such as instan5 of long-tem illness) effectively. The organisation also mitigates the risk of stsgnation by provIng ongoing training for emerging areas (such as chemsex or novel psychoactive SUbstsn - for frOnlne staff). Regulated parts of the organisation have complian obligations ensuring they remain adaptable and up-to-date with new requirements. Potential for increased demands on staff resulting in an overstretched workload, resources and workforce:. The trust mitigates this risk by continuousty addressing staff well-being, fDStering a supportive working environment and proving opportunities for professional development. For instance, therapeutic staff receive clinical supervision on a fortnightly basis. In addition, recognising the challenging economic climate the trust upholds its ethical commitment to stsff by continuing to provide annual pay reviews and salary increases which also seNe to retain expertise. The trust is intentional in supporting residents, growth and development. Members of the Kairos community regularfy volunteer within the organisation's servi5 while others work up to sixteen hours per week under Department of Work and Pensions, Permitted Scheme. Volunteers have bn encouraged to complete Levels Il and III in Health and Social Care and staff have online acce% to Social ca TV for additional mandatory and optional training. Kairos Community Trust also participates in the professional training of new counsellor on diploma and degree courses, offering placement required for accreditstion. Risk of voids is fattored into the ineligible charge calculations agreed with local authorities, Page 5
KAIROS COMMUNrrY TRusf (REGIsfERED NUMBER: 05981181) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 srRATEGIC REPORT Maintenance requiremerts . Kairos Community Trust OFerates a neOrk of thity SUPPX)rted houses, alongside its co tatment and rehabilita tion *rvices and administration offi. Maintslning these buildings, some of which are older, to a good standard requires o ngoing attention. This year Kairos Comrnunty TNst's maintenan team has grown to indude a third wod(er. Outsourcing continues where necessary, such as plumbing and electrical servi. In addrtion to routing maintenance and upkeep the organisation has a maintenan Plan in pla, with three to ft)ur pmperties Sch11 for extemal work during any given period. A maintenan Steering Committee established this year, includes Faolities and Admin management representstwes from the Maintellan tea and cross-operational service management. It meets regularly to discuss strategic Maintenan and prioritisation. Kairos continues to work with CRASH charity, the charitable wing of the construttion industry, and other donors. This year the organisation has beneftted from a complete n0VatIOn of the bathrooms at Bedwin Road, faalitsted by (RASH and its partners. Other contributions include the provision of thity-foot scaffold from and anonymous donor and six months, worth of paint from Dulux. Page 6
KAIROS COMMUNrrY TRLisf (REGIsfERED NUMBER: 05981181) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 srRATEGIC REPORT Future plans After a period of growth, a strategy of consolidation will guide the charity over the coming year. This will follow a time of reflection, remew and, where eSsary, realignment of the four key pillars on which the charity is built, opeTrtes and is dependent.. finances, properties, programme5, Staffing. Evaluate ffinances and especially the way we generate revenue. Anatyse and update Glpital value, in particular carry out valuation of the hventy tsvo owned properties. Maxymise p)tential of propertie5 through a developmenL refurbishment and decoration plan. The Trust intends to buy own propertie5 wherever possible. Evaluate and review the purpose, suitability, and application and success of all Kairos programmes and how they Work as the intended pathways progression for the charity's therakEUtic support aims and objectives. Review stafffing levels and/with trustee committee. Evaluate 5uitsbility of staff in the implementation of programmes. Review training and supervision of staff. Look at Sucssion. In general, the demand for the 5eNices and support offered by the tsust continues to exceed its ability to provide for all applicants. Targets for the coming year Buy rather than rent propety when PolbIe and thereby consolidate the charlty's finandal revenue base. Focused training (mandatory) of staff and volunteers to comply with relevant regulations and the Charity objectives. A reflectionldlalogue on succession will be initiated and followed through by the Trustees. - Completion of management 'away day,. Completion of a Trustees 'away day,. Continue to embed Kairos, crimlnal lustlce work at our North London houses. Continue to work wlth CPASH in development and refurbishment of properUes. Continue to review and update policies and procedures. Review strfflng. Continue to review and update all job descriptions. Continue to review assessment format for Move-in houses. Continue to Implement the refurbishment and decoration plan for Kairos owned houses. Carry out pre-planning maintenance surveys of selected houses with the help of CRASH and their patmns. Continue with the refurbishment at Bethwin Road. Explore funding opportunities through the Communications and Development Officer. Continue to develDP women's services. Continue to install Wi-Fi in all Move-on houses. AddlOnal targets for next year,. Open another women's house. Appoint a female safeguarding lead. Work with Wandsworth Council's Commissioners in tKJssible replacement of move-on house at St Ann's Crescent and explo other areas for collaboration, such as work with women coming from prison. Continue collaboration with Southwark Council in implementation and development of the 'Recovery Communitie5' initiative supporting one-to-one counselling, a monthly walking group, and the Nunhead Psychotherapy Group group therapy. Work with CRASH Charity in development of the workers. house in Gabriel Street SE23. Complete review of policies and procedures. Upgrade tr systems. Review of staffing throughout programmes. Continue to consolidate criminal justice work in North London, a5 agreed with the National Lottery Reaching Communities. Page 7
KAIROS COMMUNrrY TRusf (REGIsfERED NUMBER: 05981181) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 srRucfuRE, GOVERNANCE AND MANAGEMEKr Governing document The trust is a charity, which was registered on 31 January 2007 under number 1117763, governed by a memorandum and articles of association dated 27 October 2006 and as amended on 24 November 2017. On l April 2007 it succeeded to the aims and objectives, and the assets, of a charity called by the same name, which in turn in 1997 had succeeded to the Kilburn Nlght Shelter. The trust was incorporated as a company limited by guarantee on 27 October 2006. The trustees are also directors of the company. This report covers the year ended 31 March 2024. Recruitment and appointment of new trustees Trustees may be appointed by a resolution of the Board. New trustees a appointed by the existing trustees when they consider that additional skills or viewpoints are needed. Training for new and existing tnjstees is provided from time to time, as and when the trustee body identifies the need for it. Trustee meetings are heky at nine times a year. The trustees appoint a committee which is entrusted with all ordinary decision-making, although constitutional wwers remaln with the trustees. They may co-opt additional Committ members If they wish. Oryanisational strurture The Board consists of not fewer than five and not more than e5ve Fersons and the charity must always have a minlmum of three Trustees. No person under the age of sixteen may be appointed as a Trustee. Personnel who are the dirertors of the charitable company and the senior management team comprlse the key management rsonal of the charity in charye of directing and controllingi running and otErating the trust on a day-to-day basi5, led by the Direttor Mossie Lyons. All trustees give up their time freely and no trustee received remuneratlon in the year, tktails of tnjstees, expenses and related party transactions are disclosed in note 12 and note 22. Key management remuneration The pay of senior staff is reviewed annually and normally increases in accordan with average earnings. The trustees LEnchmark salaries against pay levels in similar sized charities in the same sector, adjusting for additional responsibilities. If recruitment is difficult a market addition may be considered. REFERENCE AND ADMINIsfRATIVE DETAILS Registered Company number 05981181 (England and Wales) Registered Charity number 1117763 Registered office 235 Valley Road London SW16 2AF Truste Mrs S M D Aboim Rev D P M Aitkins GDSCBarry P T Carter C O DAg05tino S F Mccarthy Mrs H A Morrin Mrs S Potter Dr J Mordhorst Company Secretary Mrs D Woodward-nn Page 8
KAIROS COMMUNtrY TRusf (REGIsfERED NUMBER: 05981181) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND AI)MINIsfRATIVE DEfAILS Auditors Carleys Statutory Auditor Second Ftwr South The Fitted Rigging House The Historic D(kyard atham Kent ME4 4TZ The day-to-day njnning of the charity has been delegated to the management team, constituting.. HEAD OFFICE & SUPPORTED HOUSING MOVE-ON TEAM D1Ctor. M055ie Lyons Admin Manager: Ll)rothy Woodward-lnn Move-on Manager: Matt Dear Finan Controller: Oyewande Oke LINDEN GROVE ABfflNENCE-SUPPORT HOSTEL Manager.. vInt Mahe BEfHWIN ROAD RESIDENTIAL REHAB Manager.. Lee Slater GARDEN DAY PROGR4MME Manager: Tim Penrice AFfERCARE PROGRAMME Manager: Jessica Rood srATEMENT OF TRusfEES' RESPONSIBILrrIES The trustees (who are also the directors of Kairos Communlty Trust for the purwses of company law) are respjnsible for preparing the Report of the Trustees and the finanoal statements in accordance wlth appllcable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prathce). Company law requires the trustees to prepare finanoal statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resour5 and application of SOurCes, including the income and expenditure, of the charitable company for that period. In preparing those financial siatements, the trustees are required to select suitable accounting policies and then apply them consistenljy. obseNe the meth(xls and principles in the Charity SORP; make ]udgements and estimates that are reasonable and prudent,. state whether applicable accounting strdndards have Ien followed, sub]"ett to any material departures disclo and explain&l in the finanoal statements; prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are poNsible for keeping propr accounting records which disclose with reasonable accuracy at any time the finanaal POSition of the charitsble company and to enable them to en5Lire that the financial statements comply with the Companies Art 2006. They are alx) responsible for safeguarding the assets of the charitsble company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there Is no relevant audit information of which the charitsble company's auditor5 are unaware; and the trustees have tsken all steps that they ought to have tsken to make themselves aware of any relevant audlt informabon and to establish that the auditors are aware of that information. Page 9
KAIROS COMMUNrrY TRusf (REGIsfERED NUMBEIL. 05981181) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 AUDrroRS The audftors, Carleys, will be proposed for re-appointment at the forthcoming Annual General Meeting, Report of the trustees, incorporaLing a Strat[C report, approved by order of the board of trustees, as the company directors, on ..19..111 .l.XY........... and signed on the board's behalf by.. PTCa r- Trustee Page 10
REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS OF KAIROS COMMUNITY TRusr Opinion We have audited the financial statements of Kairos Community Trust (the 'charitsble company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activrties, the Balance Sheet, the Cash Flow Statement and notes to the finanaal statements, including a summary of significant accounting poliaes. The financlal porting framework that has been applied In their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting practi). In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended,. have ten properly prepared in accordance with Untted Kingdom Generally A(pted Accounting Prattice,. and have en prepared in accordance with the requirements of the Companies Att 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our respon5ibilitie5 under those standards are further descriLEd in the Auditors, responsibilities for the audit of the financial statements secbon of our report. We are independent of the charitable company in accordance with the ethical requirernentS that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit evidence we have obtained 15 sufficient and appropriate to provide a basis for our opinion. Condusions relating to going concern In auditing the financial statements, we have concludej that the trustees, use of the going concern basis of accounting in the preparation of the financial ststements is appropriate. Based on the WO we have performed, we have not identified any material unrtaIntieS latIng to events or conditions that, Indivldually or collectively, may cast significant doubt on the charitsble company's abllSty to continue as a going concern for a period of at least e1ve months from when the finanaal ststements are authorised for issue. Our responsibilities and the responsibilities of the trustees with resiEtt to going cOnM are described in the relevant settions of this report, Other infomiation The trustees are responsible for the other InformaOn. The other information comprises the information Included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other informab'on and, except to the extent otherwise explicity stated in our report, we do not express any form of assuran conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the finanaal statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencie5 or appant material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Att 2006 In our opillion, based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial staternent5 are prepar&1 is consistent with the financial statements; and the RetMJrt of the Trustees has been prepared in accordance with applicable legal requirements. Page 11
REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF KAIROS COMMUNITY TRUST Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitsble company and its environment Dbtained In the course of the audit, we have not identifi'ed material misstatements In the Report of the Trust&S. We have nothing to report in respect of the following matters where the Companies Att 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches n()t visited by us; or the financial statements are not in agreement with the accounting records and returns,. or rtain discbsures of trustees, remuneration specifled by law are not made,. or we have not received all the information and explanatn$ we requlre for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the thjstees (who a also the directors of the charitable company for the purposes of company law) are responsible for the preparats'on of the financial Statements and for tseing s3tisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparats'on of financial ststements that are free from rnateral misststement, whether due to fraud or error. In preparing the financial statements, the trustees are reswnsible for assessing the charitsble company's abllty to continue as a going concern, disclosing, as applicable, matters related to golng concem and using the golng concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Our responsiblllties for the audit of the financial statements Our objectives are to obtain reasonable assuran at#)Lbt whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Rep)rt of the Endependent Auditors that includes our opinion. Reasonable assurance is a high level of assuran, but is not a guarant that an audit conducted n accordan wlth ISA5 (UK) will always detect a material misstatement when tt exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they COLbld reasonabty tse expected to Influen the economic decision5 of users taken on the basis of these finanaal statements. Because of the Inherent limitations of an audit, there is a risk that we wlll not detect all Irregularities, including those leading to a material misstatement in the financlal statements or non-complian with regulation. This risk increases the more that compliance wrth a law or regulation is removed from the events and transactlons refletted in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregulartieS occurring due to fraud rather than error, as fraud involves intentional concealment, forgeryi collusion, omission or misrepresentation. In identifying and assessing risks of material misstatement In respert of Irregularities, Including fraud, our approach was as follows.. we obtained an understsnding of the nature of the tharitsble company's activities and the sertor in which it operates, including the legal and regulatory frameworks that are appllcable to the charitsble company and of how it is complying with those frameworks. we enquired of management about their own identffication and assessment of the risks of irregularities, including any known instances of fraud. we discussed matters concerning non-compliance with laws and regulations and how fraud Might occur including assessment of how the financial statements might be susceptible to frèud. As a result of these procedu5 we consider that the most significant laws and regulations relating to the financial statements are the charleS Act 2011, the regulations lating to the skclfiC accounting and reporting requirements appllcable to charitsble companies, and the Companies Act 2006. We performed audit procedures to enable us to detett non-compliance with significant laws and regulations whith may have a material impact on the financial statements which included reviewing disc105ures within the finanaal statements and inspecting correspondence with regulatory authorities. We considered the risk of fraud through management override and revenue recognition as the areas where the financial statements were most susceptible to material misstatement due to fraud. In response, we incorporated testing of the appropriateness of journal entn'es, assessing judgements made by management In making accounting estimates and evaluating the business rationale for any signrficant unusual transattions or those outsKle the nomial course of business. A further description of our responsibilities for the audit of the financial ststements is located on the Financial Repon9 Council's website at www.frc.org.uklauditorsresponslbllltles. This description forms part of our Report of the Independent Auditors. Page 12
REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF KAIROS COMMUNITY TRusr Use of our report This rewrt is made solely to the charitable company's memLErs, as a bcéy, in accordance with Chapter 3 of Part 16 of the Companies Att 2006. Our audit work has been undertaken so that we might state to the charitsble companvs members those matters we a required to state to them In an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume SpOnsIbl11ty to anyone other than the chariiable company and the charitable company's memLErs as a dy, for our audit work, for this report, or for the opinions we have fomied. Claire Ralph (Senior Statutory Auditor) for and on behalf of Carleys statutory Auditor SOnd Hoor South The Fitted ggIng House The Histr)ric Dockyard Chatham Kent ME4 4TZ Page 13
KAIROS COMMUNITY TRusr srATEMENT OF FINANCIAL AcrIvrriES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted fund Restr5tted funds Notes INCOME AND ENDOWMENTS FROM tknnation5 and legacies 81,590 285,737 367,327 126,813 Charitsble artivities ca home and after Ca fees Housing tEnefit SuptK)rting P8)ple Fund Residents, Contribution 589,243 2,345,700 41,860 156,876 589,243 2,345,700 41,860 156,876 506,680 2,140,458 43,070 148,311 Other trading activities Investment income 76,549 38,671 76,549 38,671 68,994 15,053 Total 3,330,489 285,737 3,616,226 3,049,379 EXPENDrruRE ON Raising funds 315 315 8,537 Charitable activities aritsble activities 2,411,737 171,521 2,583,258 2,315,878 Totsl 2,412,052 L71,521 2,583,573 2,324,415 NEf INCOME Transfers between funds 918,437 (14,933) 114,216 14,933 1,032,653 724,964 19 Net movement in funds 903,504 129,149 1,032,653 724,964 RECONCIUATION OF FUNDS Total funds brought fotward (165,877) 11,804,423 11,638,546 10,913,582 TOTAL FUNDS CARRIED FORWARD 737,627 11,933,572 12,671,199 11,638,546 The notes form part of these financial statements Page 14
KAIROS COMMUNrrY TRusf (REGIsfERED NUMBER: 05981181) BALANCE SHEEr 31 MARCH 2024 2024 Totsl funds 2023 Totsl funds Unrestritted fund Restricted funds Notes FIXED ASSErs Tallgible assets 14 16,866 11,512,056 11,528,922 11,552,379 CURRENT ASS5 Debtors Qsh at bank and in hand 15 228,202 1,026,579 175,510 246,006 403,712 1,272,585 196,862 417,308 1,254,781 421,516 1,676,297 614,170 CREDrroRS Amounts falling due within one year 16 (233,716) (233,716) (219,022) CURRENf ASSEfs 1,021,065 421,516 1,+12,581 395,148 TOTAL ASSETS LESS CURRENT LIABILrriE5 1,037,931 11,933,572 12,971,503 11.947,527 CREDrroRS Amounts falling due after rn0 than one year 17 (300,304) (300,304) (308,981) NEf ASSETS 737,627 11,933,572 12,671,199 11,638,546 FUNDS Unrestricted funds Restrrcted funds 19 737,627 11,933,572 (165,877) 11,804,423 TOTAL FUNDS 12,671,199 11,638,546 The financial statements were approved by the Boèrd of Trustees and authorised for issue on were signed on its behalf by.. Iq 111 /l(tr and P T Carter- Trustee The notes fomi part of these financial statements Page 15
KAIROS COMMUNrrY TRusr CASH FLOW sfATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notss Cash flows fn)m operating aLtivities Cash generated from operations 22 849,029 738,418 Net cash provided by operating activities 849,029 738,418 Cash flows from investing activities Purchase of tangible fixed assets Interest reiVed (2,329) 38,671 (2,005,945) 15,053 Net cash provided byl(used in) investing activities 36,342 (1,990,892) Cash flows from flnancing activities Loan repayments in year Interest payments {5,802) (24,292) (8,767) (15,635) Net cash used in financing activities (30,094) (24,402) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 855,277 (1,276,876) 417,308 1,694,184 Cash and cash equivalents at the end of the reporting period 1,272,585 417,308 The notes fomi part of these financial statements Page 16
KAIROS COMMUNrrY TRusr NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the tharitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charibes SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Prattice applicable to charits.es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have Ien prepared under the historical cost convention. At the time of approving the financial statements, the trustees have undertaken an asSement of the adequary of the resources available to the charity and have a reasonable expectation the charity has adequate resour to continue in operational existen for the foreseeable future and accordingly continue to adopt the going concern basis of accounting in preparing the financial statements. Income All income is CogniSed in the Statement of Financial Activibes On the charity has entitlement to the funds, it Is probable that the income will be e1Ved and the amount can be measured reliably. Voluntsry income is reiVed by way of donations and gift aid tax. Donations reccunised when e1ved and gift aid tsx 15 accrued on applicable donatn$ in the same year. Income from fundraising events is recognised when it has been eamed, provided it can te quantlfied. Investment income is recogni5ed when receivable. Grants are recognised when the charity txomes unconditionally entitled to the grant. Grants to fund the purchase of fixed assets are taken to income when reived. Income from government and other public authorities is recognised when It Is receivable. Expenditure 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 a transfer of economic benefits will be required In settlement and the amount of the obligation can be measured reliably. Expendthre is accounted for on an accruals basis as liabilities are inojrred. Expenditure is dassified by activty. The costs of each activ.ty are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a Single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are aptx)rtioned between those activities on a basis consistent with the use of $oUr. Centrdl stsff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the assevs use. Expendthre includes unrecoverable VAT which is reported as part of the cost to which it reSate5. Charitsble expenditu comprises all the c05t5 of providing the programme of rehabilitation from alcohol and drug dendenc1 with accommodatrin and support, together with the appropriate protx)rtion of support costs. The allocation of support costs is Set out ill note 9. G0Veman costs include the cost of meeting the charity's stattjtory requirements and strategSc management. allocation of governance costs is set out in note 9. The Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each a5*t over Its estimated usefvl lrfe. Freehold property Long leasehold Medical and gym equipment Trot provided Not prowded on land, and on bulldlngs 25910 on cost Page 17 continued...
KAIROS COMMUNrrY TRusr NOTES TO THE FINANCIAL sfATEMEpifs - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- continued Tangible fixed assets Fixtures and fittings 25% on cost Tangible fix assets are initially measured at cost and Subsequently measur&l at cost or valuation, net of depreciation and any impairment losses. The gain or 1055 arising on the disposal of an aet is detemined as the differences between the sale predS and the carrying value of the aet, and is recognised in the statement of financial activities. Impairnient of fixed assets At each repo"ng end date, the trust reviews the carrying amounts of its tangible assets tr) deternine whether there is any indication that those a55ets have suffered an impaimient lo. If any such indication exists, the recoverable amount of the asset is estimated in order tr) determine the extent of the impaimient10ss (if any). Taxation The charity is exempt from coryxjration tsx on its charitable attlviues. Fund accounting Unrestricted funds can ke used in accordan with the charftsble obj'ectives at the discretion of the trustee5. Restritted funds can only ke used for particular StrItted purwses within the obj'ects of the charity. Re5trittion5 arise when specified by the donor or when ftjnds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements, DONATIONS AND LEGACIES 2024 Totsl funds 2023 Totsl funds Unrestricted fijnds Restritted funds Donations Gift aid Grants 49,573 1,478 30,539 49,573 1,478 316,276 14,453 285,737 112,360 81,590 285,737 367,327 126,813 Grants reived, included in the above, are as follows,. 2024 2023 HMRC grdnts Bexley Council CRASH arity lob aaredon Horne Care The National Lottery Community Fund - Community Organisations C05t of Living Fund The National Lottery Community Fund - RC London and South East Region Tuming Point WorkforTr Development Fund 4,999 800 85,481 15,000 6,080 74,374 230,221 io,ooi 1,680 316,276 112,360 Page 18 continued.-
KAIROS COMMUN TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 OTHER TRADING AcrIvrrIE5 2024 Total funds 2023 Totsl funds Unrestritted funds Restrirted funds Fundraising events Rent and miscellaneous income 2,026 74,523 2,026 74,523 5,904 63,090 76,549 76,549 68,994 INVESTMENT INCOME 2024 Total fund5 2023 Total fund5 Unrestricted funds Restritted ftjnds Dewsit account interest 38,671 38,671 15,053 INCOME FROM CHARITABLE AcfIviTIES 2024 2023 Activity Care home and after care fees Housing benefft Supporting People Fund Residents, Contribution Care home and aftercare fees Housing benefit Supporting people funding Residents, contribution 589,243 2,345,700 41,860 156,876 506,680 2,140,458 43,070 148,311 3,133,679 2,838,519 Incoming resour$ from government arKI public autlKbrities Care home and aftercare fees, housing benefit and income from the Suppjrting People scheme, totalling £2,976,803 (2023.. £2,690,208) have been received from gDvemment and public authorities. RAISING FUNDS Raising donations and legacies 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Publicity and fundraising SupkX)rt costs 315 315 1,055 7,482 315 315 8,537 Page 19 contlnued..
KAIROS COMMUNrrY TRusr NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 CHARrrABLE AcrIvrrIES cosrs Direct Costs (see note 8) Support costs (see note 9) Totals Charltsble attivities 2,204,151 379,107 2,583,258 DIREcf COSTS OF CHARrrABLE AcrIvrrIES 2024 2023 Staff cost5 Counsellors, fees Therapists Drug and alcohol testing Volunteers, and counsellors, expenses Housing costs FcK)d and household supplies Transport Interest payments Medjugoiie costs Depreciation 1,106,053 12,803 4,680 31,654 63,923 747,747 116,813 25,972 24,292 44,427 25,787 1,002,182 11,243 4,968 24,978 58,666 664,991 104,881 24,089 15,635 9,998 27,469 2,204,151 1,949,100 SUPPORT cosrs Governance costs Management Totals Charitsble ath'vities 351,578 27,529 379, IQ7 Activity Managemellt Governance costs Basls of allatiOn Charitsble actNities 980/0, Fundraislng 2Wo Charitsble actlvlties 980/0, Fundraising 20/0 Governance costs include auditors costs of £12,000 (2023.. £12,000) for audit f5 and non-audit services of £3,300 (2023; £3,300) inclusive of VAT. io. NEf INCOMEI(EXPENDrruRE) Net Incomel(expenditure) is ststed after chargingl(credlting)'. 2024 2023 Depreciation - owned assets 25,786 27,468 Page 20 continued...
KAIROS COMMUNrrY TRusr NOTES TO THE FINANCIAL STATEMEKfs - continued FOR THE YEAR ENDED 31 MARCH 2024 ii. TRUSTEES, REMUNERATION AND BENEFrrs None of the trustees and directors (or any rSOnS connected wth them) recewed any MneratIOn or other benefits from the trust for the year ended 31st March 2024 nor the year ended 31st March 2023. Trust liability insurance was included within the premium paid for general insuran. Trustees, expenses The were no trust, expenses patd for the year ended 31 March 2024 nor for the year ended 31 March 2023. 12. StAFF cosrs 2024 2023 Wage5 and salaries 1,319,406 1,200,019 1,319,406 1,200,019 The average monthty numkr of employees during the year was as folk)ws'. 2024 45 2023 44 Employees There was one employee whose annual remuneration wa5 £60,000 or mre. 13. COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTIvrrIES Unrestrfcted fund Restricted funds Totsl funds INCOME AND ENDOWMENfs FROM Donations and legacies 26,333 100,480 126,813 Charitable activities Care home and after Ca fees Housing benefft SupFKJrting People Fund Residents, Contribution 506,680 2,140,458 43,070 148.311 506,680 2,140,458 43,070 148.311 Other trading activities Investment income 68,994 15,053 68,994 15,053 Total 2,948,899 100,480 3,049,379 EXPENDITURE ON Raising funds 8,537 8,537 Charitable activities Charitable activities 2,304,848 11,030 2,315,878 Totsl 2,313,385 11,030 2,324,415 NEf INCOME Transfers between funds 635,514 (1,901,673) 89,450 1,901,673 724,964 Page 21 continued...
KAIROS COMMUNrrY TRusr NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 13. COMPARATIVES FOR THE sfATEMEMf OF FINANCIAL ACTIvrrIES - continued Unrestricted fund Restricted funds Totsl funds Net movement in funds (1,266, 1591 1,991,123 724,964 RECONCILIATION OF FUNDS Total fund5 brought foThvard 1,100,282 9,813,300 10,913,582 TOTAL FUNDS CARRIED FORWARD (165,877) 11,804,423 11,638,546 14. TANGIBLE FIXED ASSETS Medical and gym equipment Freehold property Long leasehold cosr At l April 2023 Additions Disposals 11,422,225 540 89,291 4,256 (4,256) At 31 March 2024 11,422,765 89,291 DEPRECIATION At l April 2023 Charge for year Eliminated on disposal 4,256 (4,256) At 31 March 2024 NEf BOOK VALUE At 31 Marth 2024 11,422,765 89,291 At 31 March 2023 11,422,225 89,291 Page 22 continued,..
KAIROS COMMUN TRusr NOTES TO THE FINANCIAL sfATEMEMfs- continued FOR THE YEAR ENDED 31 MARCH 2024 14. TANGIBLE FIXED ASSEfs- continued Fixtures and fittings Motor vehicles Totsls COST At l April 2023 Additions Distx)sals 146,423 1,789 79,746 11,741,941 2,329 {4,256) At 31 March 2024 148,212 79,746 11,740,014 DEPREaATION At l April 2023 Charge for year Eliminated on disposal 136,344 7,048 48,962 18.738 189,562 25,786 (4,256) At 31 March 2024 143,392 67,700 211,092 NEf BOOK VALUE At 31 Marth 2024 4,820 12,(H6 11,528,922 At 31 March 2023 10,079 30,784 11,552,379 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Bad debt provision other debtors Stsff and resldent loans Prepayments and accrued income 185,441 {4,446) 13,679 5,766 203,272 145,957 (4,446) 20,226 16,211 18,914 403,712 196,862 16. CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 18) Trade (Teditors Soaal security and other taxes Housing benefft refundable Accrued expen25 9,481 51,649 23,731 130.481 18,374 6,605 47,142 21,953 122,586 20,736 233,716 219,022 Page 23 continued,.
KAIROS COMMUNTfY TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 17. CREDrroRS: Amouiifs FALLING DUE AFfER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 18) 300,304 308,981 18. LOANS An anatysis of the maturity of loans is gwen below.. 2024 2023 Amounts falling due within one year on demand.. Bank loans 9,481 6,605 Amounts falling between one and t0 years: Bank loans - 1-2 years 300,304 308,981 19. MOVEMENT IN FUNDS Net movement in fijnds Transfers lE1een funds At 114123 3113124 Unrestricted funds General fund (165,877) 918,437 (14,933) 737,627 Restricted funds Gym equipment fund Medjugorje fund Property fund Community Organisations Cost of Living Fund RC London and South East Region 4,463 288,444 11,511,516 (4,463) (44,427) 244,017 11,512,056 540 18,856 (18,856) 177,499 177,499 11,804,423 114,216 14,933 11,933,572 TOTAL FUNDS 11,638,546 1,032,653 12,671.199 Net movernent in funds, included in the above are as follows.. Incoming resources Resour expended Movement in funds Unrestricted funds General fund 3,330,489 (2,412,052) 918,437 Restricted fvnds Medjugofje fund Communty Organisations Cost of Living Fund RC London and South East Region (+1,427) (74,373) (52,721) (44,427) (18,856) 177,499 55,517 230,220 285,737 (171,521) 114,216 TOTAL FUNDS 3,616,226 (2,583,573) 1,032,653 Page 24 continued...
KAIROS COMMUNITY TRUST NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds Transfers between funds At 311123 At 114122 Unrestricted funds General fund 1,100,282 635,514 (1,901,673) (165,877) Restricted funds Gym equipment fund Medjugorie fund Property fund 4,463 298,442 9,510,395 4,463 288,444 11.511,516 (9,998) 99,448 1,901,673 9,813,300 89,450 1,901,673 11,804,423 TOTAL FUNDS 10,913,582 724,964 11,638,546 Comparative net movement in funds, included in the above are as follows,, Incoming Resour expended Movement in fijnds Unrestricted funds General fund 2,948,899 (2,313,385) 635,514 Restricted funds Medj'ugorje fund Property fund Propety repair fund (9,9981 (9,998) 99,448 99,448 1,032 (1,032) 100,480 (11,030) 89,450 TOTAL FUNDS 3,049,379 (2,324,415) 724,964 ui ment Fun This was for gym equipment that was Puhased some years ago, the expense was shown through general unrestricted nds rather than against the fund designated for it. The gym equipment has been distM)sed of in the accounts this year and therefore a transfer has LEen made from the gym equipment fund to the general fund to reflect the corrett position. The Medj'ugofje fund is funded by anonymous donors, to enable some Kairos residents to visit the shrine at Medjugorie in Bosnia as a part of their rehabllttat6on prOS5. Pro Fund The property fund is a designated fund which has been set aside out of the unrestricted fund by the trustees for specific purwses. The propety fund was set up in 1995 by the Kilbum Night Shelter Project, the predecesg)r of this trust, in order to acquire propety to house rehabilitated residents. This fund includes any additions to owned propertles such as building extensions, major refurbishment and improvements. Transfers from the general fund have been made as required each year, to fund the planned purchases and refurbishments undertaken. Page 25 contlnued..
KAIROS COMMUNITY TRusr NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS - continued Communi Organisations Cost of Livin Funding from The Community Cost of Living Fund was delivered by The National Lottery CommLrnty Fund. Funding was received to allow Kairos to expand their aftercare offer to include essential white goods and furniture to residents to support wtih a smcK)th transition into independent living. The fund expired on 31st March 2024. ondon and South East Re on Fynd Funding for the RC London and South East Region Fund was also delivered by The National Lottery Community Fund. The funding was received to cover the salary costs of 2 specialist workers over a 3 year period, to allow Kairos to continue it Prisoner Response work, expanding its prison outreach servi and provide greater support to more vulnerable people, particularly women. The totsl grant receivable has en recognised in the accounts to 31st March 2024 although the costs will LE expensed as inCUrd in the 3 year period to 31st July 2026. 20. EMPLOYEE BENEFTh OBLIGATIONS The trust oFerates a def1ned contribution pension scheme for all qualifying employees. The assets of the Scheme are held separately from those of the trust in an inderEndently administered fijnd. The pension costs represents contributions payable by the trust to the fund. Contributions totslling £22,387 (2023: £19,739} were made in the year. The totsl payable at the end of the year was £1,462 (20L'. £5,436). 21. RELATED PARTY DISCLOSURES There were no relatsd party transactions for the year ended 31 March 2024. 22. RECONCILIATION OF NET INCOME TO NEf CASH FLOW FROM OPERATING AcrIvrrIES 2024 2023 Net Income for the reporting period (as per the Ststement of Financlal Activities) Adjustments for.. Depreciation charges Inte$t received Interest payments (Increase)Idecrease in debtors Increasel(decrease) in creditors 1,032,653 724,964 25,787 (38,671) 24,292 (206,850) 11,818 27,469 (15,053) 15,635 20,177 (34,774) Net cash provided by operations 849,029 738,418 ANALYSIS OF CHANGES IN NET FUNDS At 114123 Cash flow At 3113124 Net cash Cash at bank and in hand 417,308 855,277 1,272,585 417,308 855,277 1,272,585 Debt Debts falling due within l year Debts falling due after l year (6,605) (308,981) (2,876) 8,677 (9,481) (300,3041 (315,5861 5,801 (309,785) Page 26 continued...
KAIROS COMMUNrrY TRusr NOTES TO THE FINANCIAL srATEmEPS - continued FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF CHANGES IN NEf FUNDS- continued Totsl 101,722 861,078 962,800 24. GENERAL FUND The trustees have re9)Ived to seek to retain a balan in the general fund of at least £500,000. Page 27