**Registered number: 06558879**
**Charity number: 1123878**
**The Kench Hill Charity**
**(A company limited by guarantee)**
**Financial statements for the year ended 31 March 2024**
**The Kench Hill Charity (A company limited by guarantee)**
||Page|
|---|---|
|**Trustees**|1|
|**Reference and administrative details of the charity and advisers**|2|
|**Trustees' report**|3 - 7|
|**Independent examiner's report**|8|
|**Statement of financial activities**|9|
|**Balance sheet**|10|
|**Notes to the financial statements**|11 - 20|
**The Kench Hill Charity**
## **(A company limited by guarantee)**
## **Trustees for the year ended 31 March 2024**
## **Trustees**
N Corker, Chairperson N M G Baboneau (resigned 11 July 2024) S Bain (resigned 4 July 2023)
E Cooke-Szewczyk
C Harris (appointed 28 September 2023)
Y Gleason (appointed 28 September 2023)
L Goodison B G Hawes (resigned 11 July 2024) A Jung (appointed 28 September 2023) N Mulholland (resigned 28 March 2023) S Race (resigned 15 May 2023) M Rees (resigned 6 September 2023) N Wilson (appointed 1 September 2023)
Page 1
**The Kench Hill Charity (A company limited by guarantee)**
## **Reference and administrative details of the company and advisers for the year ended 31 March 2024**
**Company registered number**
06558879
**Charity registered number**
1123878
## **Registered office**
Kench Hill Centre, Appledore Road, Tenterden, Kent, TN30 7DG
## **Accountants**
Chavereys Limited, The Goods Shed, Jubilee Way, Faversham, Kent, ME13 8GD
## **Bankers**
NatWest Bank plc, 58 High Street, Tenterden, Kent, TN30 6AX
Page 2
**The Kench Hill Charity (A company limited by guarantee)**
## **Trustees' report for the year ended 31 March 2024**
The trustees present their annual report (incorporating the directors' report) together with the financial statements of the company for the period 1 April 2023 to 31 March 2024. The trustees confirm that the annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
## **Structure, governance and management**
## **Constitution**
The company was incorporated on 8 April 2008 and registered as a charity on 24 April 2008.
## **Method of appointment or election of trustees**
The management of the company is the responsibility of the trustees who are elected under the terms of the Memorandum of Association.
New trustees are invited to meet the other trustees and key employees at the Centre, they are briefed on the organisation, current plans and the financial status of the charity. New trustees are advised of their legal obligations under charity law and are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
## **Organisational structure and decision making**
The Kench Hill Charity is governed by the board of trustees, which meets termly (3 times a year). It is responsible for the management of the Kench Hill Centre and strategic direction and management of the "activities" of The Kench Hill Charity.
Management of the centre is delegated to the Head of Centre, currently Ms Sandi Bain. Most staff are employed by The Hackney Learning Trust and the educational services they provide are charged to The Kench Hill Charity. The Head of Centre is responsible for managing the budget agreed by the board of trustees, for implementing curriculum development and management of the premises in accordance with health and safety legislation and guidelines.
## **Risk management**
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Page 3
**The Kench Hill Charity (A company limited by guarantee)**
## **Trustees' report (continued) for the year ended 31 March 2024**
## **Objectives and strategies for achieving objectives**
## **Policies and objectives**
The Kench Hill Charity seeks to deliver life-changing experiences for young people and adults by providing educational and recreational activities that inspire personal development, self-confidence, independent life skills and that promote healthy lifestyles in a safe, supportive environment with good quality affordable accommodation for groups which do not have access to other facilities.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives they have set.
## **Strategies for achieving objectives**
The key objectives for the financial period under review were:
- Head of Centre to pass probation period and settle in role.
- Centre conditions survey and works schedule.
- Review staffing structure and recruit new Education Manager, N&N tutors and Head Chef.
- Implement a 3 year pricing and booking structure.
- Fundraise for Kench Hill Bursary to provide subsidised places for children in need from Hackney.
- Continued Centre renovations.
- Garden and grounds maintenance.
## **Activities, achievements and performance**
## **Review of activities**
It has been a busy year for the Kench Hill Charity with an extra 11 week/split week school residential visit throughout the year, new staff team induction and training and house and grounds maintenance and improvements. The Charity has received outstanding feedback from school and private group bookings and has a full calendar for 2025 and taking school and private booking into 2026. The staff team has undergone a series of staff training days and in house observations.
## **Achievements**
- 41 Residential schools stays, 8 school days visits, 8 holiday club days and 32 self catered group stays.
- Barney Clarke has now taken on the role of acting Head of Centre passing a 6 month acting up probation in Oct 2023.
- Centre Diary booked up for peak season 2025 and 2026 filling.
- An Open Day was held on the 20th April, featuring a Model Railway exhibition, children's activities and farm animals to engage visitors. A hugely successful day with over 250 visitors from Kent and the surrounding area. Raising over £2000 pounds and local awareness and support for the charity.
- The entrance hall to the main house has been redecorated and the childrens front lounge has had a full refurb with beeswax wooden paneling, new sofas and a smart TV for school movie nights and weekend groups. Maintenance continues on the house with staff painting and decorating in downtime.
- Kent Community Foundation grant has payed for a full restock of student and volunteer garden tools and equipment.
- Tescos Groundwork Funding: Working with local Men in Sheds Charity to build new seating, planters and restore the model windmill.
Page 4
**The Kench Hill Charity**
## **(A company limited by guarantee)**
## **Trustees' report (continued) for the year ended 31 March 2024**
Additional achievements:
- Centre staff have taken part in a series of onsite training days and have been shadowing and peer observing lessons to improve Centre delivery.
- Barney Clarke conducted a staff training day that included a curriculum workshop lead by Arthur Mynott, service review, fire safety and external training from EduCaveman team.
- Clearance of old games hut and construction of a seating and outdoor games area with traditional playground games.
## **Public benefit delivered by the charity (statistics)**
Residential School Trips April 2023 - March 2024:
- 41 school residential trips (21 of which were Hackney schools) (29 in 2022-23).
- 1,240 children (1221 2022-23)
- Average class size of 28.7
- - 151 additional staff
School Day Visits April 2023 - March 2024:
- Home School: 2 day visit
- 8 holiday club
- 8 school visits
- Winter family short break family trip, 3 families.
Totall; 366
Total number of school children visiting: 1,606
Self catered residential groups using Kench Hill include:
## Faith/Spiritual groups
- Ignite church
- Day-mer youth group
Other charitable/cultural groups
- Edward Carpenter Community
- North London Conservatoire
- Evoke Choir
- Plum village UK mindfulness group
- Mentorwise charity
- Kith & Kids charity
- Brighton Pebbles Charity
- Hoxton Drama
- Shanty Collective
- St John Ambulance training weekend
- Morris Choir
Total number of group accommodation visitors for the year: 1,056 including 3 cancellations with deposits kept (2022-23: 1,303).
Page 5
**The Kench Hill Charity**
## **(A company limited by guarantee)**
## **Trustees' report (continued) for the year ended 31 March 2024**
## **Total occupancy rate**
Overall summary (April 1st, 2023 - March 31st, 2024): Total visitors: 2,813 Number of days occupied by users: 285/365, 78% (76% 2022-23)
## **Financial review**
## **Reserves policy**
The free reserves of the charity (excluding fixed assets and long term creditors) are £78,350 (2023: £69,147) which the trustees consider is adequate.
## **Results for the year**
This year has seen a strong return of schools during the year with a mixture of full and split week residential from returning and new schools. With the new 3-year pricing structure and new terms and conditions on deposits the Centre has finished the year with a surplus of £10,432. With a total income of £334,794 (2023: £302,855).
## **Plans for future periods**
- 3 year phased fee increase for S/C weekend and holiday groups and local schoolsLink with more Hackney schools through teacher training.
- Review kitchen and domestic team operating procedures and service/food contracts.
- Recruit a part time apprentice maintenance officer.
- Recruit fundraising volunteer for large Charity bids.
- Fundarise bid for new Centre minibus.
- Diversify use of Centre during down time for local day event hire such as yoga retreats and family events.
- Exterior decoration to main building focusing on window renovation.
- External maintenance of Straw Hall and Barn Classroom.
Page 6
**The Kench Hill Charity (A company limited by guarantee)**
## **Trustees' report (continued) for the year ended 31 March 2024**
## **Statement of trustees' responsibilities**
The trustees (who are also directors of The Kench Hill 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 (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance 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.
This report was approved by the trustees on 11 July 2024 and signed on their behalf by:
**N Corker** Chairperson
Page 7
**The Kench Hill Charity (A company limited by guarantee)**
## **Independent examiner's report for the year ended 31 March 2024**
## **Independent examiner's report to the trustees of The Kench Hill Charity**
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024.
This report is made solely to the company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's trustees, as a body, for my work or for this report.
## **Responsibilities and basis of report**
As the trustees of the company (and 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 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 company's accounts 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 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 ICAEW, which is one of the listed bodies.
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Signed: Dated: 11 July 2024
Karen Blackiston FCA TEP
**Chavereys Limited** Chartered Accountants Faversham
Page 8
## **The Kench Hill Charity**
## **(A company limited by guarantee)**
## **Statement of financial activities incorporating income and expenditure account for the year ended 31 March 2024**
|**Note**
**Income from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net income / (expenditure) before other**
**recognised gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Restricted**
**funds**
**Unrestricted**
**funds**
**2024**
**£**
**2024**
**£**
**5,184**
**6,305**
**-**
**285,606**
**-**
**36,051**
**-**
**1,648**
**5,184**
**329,610**
**3,871**
**320,491**
**3,871**
**320,491**
**1,313**
**9,119**
**1,313**
**9,119**
**69,715**
**135,671**
**71,028**
**144,790**|**Total**
**funds**
**2024**
**£**
**11,489**
**285,606**
**36,051**
**1,648**
**334,794**
**324,362**
**324,362**
**10,432**
**10,432**
**205,386**
**215,818**|_Total_
_funds_
_2023_
_£_
_13,942_
_270,370_
_17,933_
_610_|
|---|---|---|---|
||||_302,855_|
||||_318,386_
_318,386_
_(15,531)_
_(15,531)_
_220,917_
_205,386_|
The notes on pages 11 to 20 form part of these financial statements.
Page 9
## **The Kench Hill Charity (A company limited by guarantee) Registered number: 06558879**
## **Balance sheet as at 31 March 2024**
||||**2024**||_2023_|
|---|---|---|---|---|---|
||**Note**|**£**|**£**|_£_|_£_|
|**Fixed assets**||||||
|Tangible assets|10||**200,468**||_208,239_|
|**Current assets**||||||
|Debtors|11|**18,893**||_25,762_||
|Cash at bank and in hand||**134,861**||_121,388_||
|||**153,754**||_147,150_||
|**Creditors:**Amounts falling due within one year|12|**(75,404)**||_(78,003)_||
|**Net current assets**|||**78,350**||_69,147_|
|**Total assets less current liabilities**|||**278,818**||_277,386_|
|**Creditors:**amounts falling due after more than||||||
|one year|13||**(63,000)**||_(72,000)_|
|**Net assets**|||**215,818**||_205,386_|
|**Charity funds**||||||
|Restricted funds|14||**71,028**||_69,715_|
|Unrestricted funds|14||**144,790**||_135,671_|
|**Total funds**|||**215,818**||_205,386_|
The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements were approved and authorised for issue by the trustees on 11 July 2024 and signed on their behalf, by:
## **N Corker (Chairperson)**
The notes on pages 11 to 20 form part of these financial statements.
Page 10
**The Kench Hill Charity (A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2024**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Kench Hill Charity 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.
The presentstion currency is pounds sterling (£) and the financial statements are rounded to the neartest pound.
## **1.2 Company status**
The charity is a company limited by guarantee. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
## **1.3 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **1.4 Income**
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefit will be required in settlement and the amount of the obligation can be measured reliably.
Charitable activities and governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity. Support costs are those costs incurred directly in support of expenditure on the objects of the charity.
The charity is not, and is not required to be, registered for Value Added Tax (VAT), consequently all expenditure is stated gross of any irrecoverable VAT incurred.
## **1.6 Going concern**
There are no material uncertaintities about the charity's ability to continue as a going concern.
Page 11
**The Kench Hill Charity (A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2024**
## **1. Accounting policies (continued)**
## **1.7 Tangible fixed assets and depreciation**
All assets costing more than £1,000 are capitalised.
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the statement of financial activities incorporating the income and expenditure account.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
- Tenant's improvements to property 2-4% straight line - Fixtures, fittings and equipment 20% straight line
## **1.8 Pensions**
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
## **1.9 Financial instruments**
The charity 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 measured at amortised cost using the effective interest method.
Page 12
**The Kench Hill Charity (A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2024**
## **2. Income from donations and legacies**
|Donations
Grants
Total donations and legacies
_Total 2023_|**Restricted**
**funds**
**Unrestricted**
**funds**
**2024**
**£**
**2024**
**£**
**-**
**4,789**
**5,184**
**1,516**
**5,184**
**6,305**
_9,771_
_4,171_|**Total**
**funds**
**2024**
**£**
**4,789**
**6,700**
**11,489**
_13,942_|_Tota_
_fund_
_202_
_4,171_
_9,771_|
|---|---|---|---|
|||||
|||||
||||_13,942_|
|||||
|**3.**|**Income from charitable activities**|||
|---|---|---|---|
|||**2024**|_2023_|
|||**£**|_£_|
||School journeys and educational breaks|**285,606**|_270,370_|
All income from charitable activities in the current and prior year related to unrestricted funds.
|**4.**
**Other trading activities**
Centre hire and team building events
Solar energy|**2024**
**£**
**35,527**
**525**
**36,051**|_2023_
_£_
_16,907_
_1,026_|
|---|---|---|
||||
||||
|||_17,933_|
All income from other trading activities in the current and prior year related to unrestricted funds.
## **5. Analysis of expenditure by activities**
|Educational field trips
_Total 2023_|**Activities**
**undertaken**
**directly**
**Support and**
**governance**
**costs**
**2024**
**£**
**2024**
**£**
**316,269**
**8,093**
_311,091_
_7,295_|**Total**
**2024**
**£**
**324,362**
_318,386_|_Total_
_2023_
_£_
_318,386_|
|---|---|---|---|
|||||
Page 13
## **The Kench Hill Charity (A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2024**
## **6. Direct costs**
|Educational services charged by LBH
Catering
Premises maintenance
Equipment maintenance
Laundry and cleaning
School journey disbursements
Motor expenses
Heat and light
Rates and water
Advertising and marketing
Insurance
Bad debts
Wages and salaries
Pension cost
Depreciation
_Total 2023_|**Total**
**2024**
**£**
**126,317**
**13,269**
**11,747**
**4,210**
**11,122**
**28,623**
**2,340**
**18,499**
**11,965**
**1,013**
**2,899**
**433**
**74,333**
**728**
**8,771**
**316,269**
_311,091_|_Total_
_2023_
_£_
_144,150_
_10,757_
_23,033_
_2,154_
_5,529_
_30,998_
_3,486_
_15,480_
_7,407_
_1,400_
_2,045_
_-_
_57,175_
_546_
_6,930_
_311,090_|
|---|---|---|
||||
£3,871 (2023: £16,472) of direct costs related to restricted funds and the balance related to unrestricted funds.
## **7. Support and governance costs**
|IT, telephone and postage
Stationery and office costs
Independant examiner's fee (governance cost)
Legal fees
_Total 2023_|**2,818**
**2,612**
**2,650**
**13**
**8,093**
_7,295_|_2,510_
_2,000_
_2,772_
_13_|
|---|---|---|
||||
||||
|||_7,295_|
||||
All support and governance costs in the current and prior year related to unrestricted funds.
Page 14
**The Kench Hill Charity (A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2024**
## **8. Net income**
This is stated after charging:
||**2024**|_2023_|
|---|---|---|
||**£**|_£_|
|Depreciation of tangible fixed assets:|||
|- owned by the charity|**8,771**|_6,930_|
During the period, no trustees received any remuneration, benefits in kind or reimbursement of expenses.
## **9. Staff costs**
Staff costs were as follows:
|Wages and salaries
Pension costs|**2024**
**£**
**74,333**
**728**
**75,061**|_2023_
_£_
_57,175_
_546_|
|---|---|---|
|||_57,721_|
The average number of persons employed by the charity during the year was as follows:
|**2024**|_2023_|
|---|---|
|**No.**|_No._|
|**9**|_10_|
No employee received remuneration amounting to more than £60,000 in either year.
Most of the staff at the Kench Hill Centre are employees of the London Borough of Hackney which makes a charge to the charity for the educational services provided .
Page 15
**The Kench Hill Charity (A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2024**
## **10. Tangible fixed assets**
|**10.**
**Tangible fixed assets**|||||
|---|---|---|---|---|
|**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
At 31 March 2024
_At 31 March 2023_
**11.**
**Debtors**
Trade debtors
Other debtors
Prepayments and accrued income
**12.**
**Creditors: Amounts falling due within one year**
Loan
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**Tenant's**
**improvements**
**to property**
**£**
**258,101**
**-**
**258,101**
**60,759**
**5,698**
**66,457**
**191,644**
_197,342_||**Fixtures,**
**fittings and**
**equipment**
**£**
**30,526**
**1,000**
**31,526**
**19,629**
**3,073**
**22,702**
**8,824**
_10,897_
**2024**
**£**
**15,094**
**-**
**3,799**
**18,893**
**2024**
**£**
**9,000**
**12,192**
**1,720**
**67**
**52,425**
**75,404**|**Total**
**£**
**288,627**
**1,000**
**289,627**
**80,388**
**8,771**
**89,159**
**200,468**
_208,239_
_2023_
_£_
_23,856_
_6_
_1,900_|
||||||
|||||_25,762_|
|||||_2023_
_£_
_9,000_
_52,143_
_662_
_-_
_16,198_|
|||||_78,003_|
Page 16
**The Kench Hill Charity (A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2024**
## **13. Creditors: Amounts falling due after more than one year**
|**Creditors: Amounts falling due after more than one year**||
|---|---|
|**2024**
**£**
Loan
**63,000**
Other loans above include amounts not wholly repayable within 5 years as follows:
**2024**
**£**
Repayable by instalments
**27,000**|_2023_
_£_
_72,000_|
||_2023_
_£_
_36,000_|
The charity has received an interest free loan of £90,000 from London Borough of Hackney repayable in instalments of £9,000 per annum.
## **14. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Fund
**Restricted funds**
LBH - Straw Bale classroom
Hackney Ark - short breaks
Wates - solar panels
LBH - short breaks capital grant
T&DH Soc - mower
T&DH Soc - garden works
KCF - climbing wall
KCF - garden works
Total of funds|**Brought**
**forward**
**£**
**135,671**
**Brought**
**forward**
**£**
**43,680**
**3,175**
**18,791**
**894**
**-**
**-**
**3,175**
**-**
**69,715**
**205,386**|**Income**
**£**
**329,610**
**Income**
**£**
**-**
**-**
**-**
**-**
**500**
**1,568**
**-**
**3,116**
**5,184**
**334,794**|**Resources**
**expended**
**£**
**(320,491)**
**Resources**
**expended**
**£**
**(1,040)**
**(74)**
**(1,123)**
**(894)**
**(100)**
**-**
**(640)**
**-**
**(3,871)**
**(324,362)**|**Balance at**
**31 March**
**2024**
**£**
**144,790**|
|---|---|---|---|---|
|||||**Balance at**
**31 March**
**2024**
**£**
**42,640**
**3,101**
**17,668**
**-**
**400**
**1,568**
**2,535**
**3,116**|
||||||
||||||
|||||**71,028**|
|||||**215,818**|
Page 17
**The Kench Hill Charity (A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2024**
## **14. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Statement of funds - prior year**|||||
|---|---|---|---|---|
|General Fund
**Restricted funds**
LBH - Straw Bale classroom
Hackney Ark - short breaks
Wates - solar panels
LBH - short breaks capital grant
Christine Fisher bursary fund - student bursaries
T&DH Soc - Kitchen garden redevelopment
Chip in for Chips - veterinary fees for pony
KCF - climbing wall
EDESCO Ltd - holiday club|_Balance at_
_1 April 2022_
_£_
_144,501_
_Balance at_
_1 April 2022_
_£_
_44,720_
_3,249_
_19,966_
_1,788_
_6,693_
_-_
_-_
_-_
_-_
_76,416_|_Income_
_£_
_293,084_
_Income_
_£_
_-_
_-_
_-_
_-_
_-_
_1,987_
_40_
_5,000_
_2,744_
_9,771_|_Resources_
_expended_
_£_
_(301,914)_
_Resources_
_expended_
_£_
_(1,040)_
_(74)_
_(1,175)_
_(894)_
_(6,693)_
_(1,987)_
_(40)_
_(1,825)_
_(2,744)_
_(16,472)_|_Balance at 31_
_March 2023_
_£_
_135,671_|
|||||_Balance at 31_
_March 2023_
_£_
_43,680_
_3,175_
_18,791_
_894_
_-_
_-_
_-_
_3,175_
_-_
_69,715_|
Page 18
## **The Kench Hill Charity (A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2024**
## **14. Statement of funds (continued)**
## **Summary of funds - current year**
|General funds
Restricted funds
**Summary of funds - prior year**
General funds
Restricted funds|**Brought**
**forward**
**£**
**135,671**
**69,715**
**205,386**
_Balance at_
_1 April 2022_
_£_
_144,501_
_76,416_
_220,917_|**Income**
**£**
**329,610**
**5,184**
**334,794**
_Income_
_£_
_293,084_
_9,771_
_302,855_|**Resources**
**expended**
**£**
**(320,491)**
**(3,871)**
**(324,362)**
_Resources_
_expended_
_£_
_(301,914)_
_(16,472)_
_(318,386)_|**Balance at**
**31 March**
**2024**
**£**
**144,790**
**71,028**
**215,818**|
|---|---|---|---|---|
|||||_Balance at 31_
_March 2023_
_£_
_135,671_
_69,715_
_205,386_|
## **15. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year|**Restricted**
**funds**
**Unrestricted**
**funds**
**2024**
**£**
**2024**
**£**
**66,345**
**134,123**
**4,683**
**149,071**
**-**
**(75,404)**
**-**
**(63,000)**
**71,028**
**144,790**|**Total**
**funds**
**2024**
**£**
**200,468**
**153,754**
**(75,404)**
**(63,000)**
**215,818**|
|---|---|---|
Page 19
**The Kench Hill Charity (A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2024**
## **15. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year|_Restricted_
_funds_
_2023_
_£_
_69,715_
_-_
_-_
_-_
_69,715_|_Unrestricted_
_funds_
_2023_
_£_
_138,524_
_147,150_
_(78,003)_
_(72,000)_
_135,671_|_Total_
_funds_
_2023_
_£_
_208,239_
_147,150_
_(78,003)_
_(72,000)_|
|---|---|---|---|
|||||
|||||
||||_205,386_|
## **16. Pension commitments**
The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £143 (2023 - £546). Contributions totalling £nil (2023 - £nil) were payable to the fund at the balance sheet date.
## **17. Related party transactions**
The Kench Hill Centre is owned by the London Borough of Hackney. The charity has a licence to occupy the premises. Staffing of the centre is provided by employees of Hackney Education which makes a charge for educational services provided to the charity. Hackney Education is a department within Hackney Council's Children & Young People's Service.
The charity has received an interest free loan of £72,000 (2023: £81,000) from London Borough of Hackney repayable in instalments of £9,000 per annum.
The total value of educational services charged for the period from London Borough of Hackney was as follows:-
||**2024**|_2023_|
|---|---|---|
||**£**|_£_|
|Educational services|**127,519**|_144,150_|
Page 20