REGISTERED COMPANY NUMBER: 06598731 {England and Wales) REGISTERED CHARITY NUMBER: 1129800 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for KFCA Ltd SB&P Chartered Accountants Oriel House 2-8 Oriel Road Bootle Liverpool Merseyside L20 7EP
KFCA Ltd Contents of the Financlal Statements for the Year Ended 31 March 2024 Page Chalrman's Report Report of the Trustees Independent Examiner's Report statement of Financial Activitles Balance Sheet Notes to the Flnanclal Statements 9 to 17
KFCA Ltd Chairman's Report for the Year Ended 31 March 2024 As the Chair of KFCA l am pleased to reflect on what has been, on the whole, a very positive and impactful year for the charity. As in the previous twelve months, a large part of our work has been to help alleviate the effect on local people of the ongoing cost of living crisis. Thi5 year has seen our team work hard to secure three substanti81 amounts of fvnding which will enable the continued operation of the charity for a further three years, along with significant expansion of the team in early 2024 from the current four to seven people. Together these grants and extra pairs of hands will mean that we will be able to open more days and longer hours, deliver additional services & projects, reach more people and ullimately make a bigger irnpact for the local community- I would like to draw your attention to a snapshot of hlghllghts from the year which illustrate the impact we are making. Between 1st April 2023 and 31st March 2024 we have had.. 2,891 separate visits to the pantry from people in L7 & L6. This represents a saving of £53,483 on grocery costs for households experiencing food insecurity. 2,400 lunches have been provided to older persons Ihrough our weekly luncheon club. 1,500 emergency food packs have been delivered to disabled and housebound individuals. 170 families who usually rely on benefits relaled free school meals have benefited from food hampers for the school holidays. Over 100 Winter emergency cold weather food hampers were provided during the prolonged snow in January as well as over 200 Christmas & Easter food hampers. 110 families have benefitted from free school holiday childcare via our Holiday Activities & Food provision and after school club. A more detailed impact report with additional data will be published in Summer 2024. Between November 2023 - March 2024 particularfy, part of our work has been enabled by the Governmenl's Community Organisations Cost of Living Grant. Through this funding our team have been able to.. continue to deliver existing cosl-of-living focused seNices expand sejvices to help meet increased demand from existing centre users reach out to additional people in need and support them too l am sure you will join me in in expressing sincere thanks to The National Lottery Reaching Communit18s Fund. Henry Smith Charity and the Government's Department for Culture Media & Sport (DCMSI for their generous support to the organisation. and also the staff for the significant achievement in securing this funding of the organisation We are not complacent however and the team will be working in eamest throughout the next twelve months and beyond to secure further funding to ensure the longer term sustainability & growth of the organisation. As well financial inveslment, KFCA has also benefitted greally from our funderfs respectlV8 advice, enabling the charity to strengthen several of our internal operational processes and the way in which we as the Board of Trustees work together. We look forward to continuing this journey of growth and I would encourage all Trustees lo continue to help shape the organisation moving forward and also benefit from Ihe new program of training & support which we will be puttlng in place. A major challenge for the charity this year, as you know, has been the continuing deterioration of the physical wndition our premises which are leased from Liverpool Cily Council. As we deliver more services and support more people, il is also becoming more difficult to work within the confines of the size & layout of the current building. Each of these negatively impact on staff, volunteers and the people who use our Services. Our negotiations over the last nine months with Ihe local authority and a potential benefactor to find a solution lo these issues will continue in earnest, and I remain cornmitted lo pushing strongly for a positive outcome as soon as possible. Once again, I would like to highly commend the work of the staff and our volunteers over the last e1ve months, all of whom have worked very hard to maintaining the centre a vibrant hub of activity. running our many projects and services during difficult times. And thank you to the Trustees for your continued support, leadership. challenge and guidance. We also owe immense gratitude to all of our supporters, including all of our funders, donors, and other people & organisations who have supported our community fundraising activities. And also. our ward councillors for continuing to champion KFCA. I hope you will agree that we continue to make a positive impact in supporting the residents of Kensington Fields, L7 and the wider North Liverpool and I look forward to continuing working with you all. Best wishes, Page 1
KFCA Ltd Chairman's Report forlhe Year Ended 31 March 2024 Paul Nicholson Chair https'.Ilwww.kfca.co.uk https'.11itter.COM1mYKFcAJMedIa https'.Ilwww.insl8gram.comlkensinglonfieldscal https'.Ilwww.facebook.comlmyKFCA hello@kfca.co.uk Page 2
KFCA Ltd (Registered number: 06598731) Report of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charlty for the purposes of the Companies Act 2006, presenl their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Praclice 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). OBJECTIVES AND ACTIVITIES Significant Activitles To promote the benefit of the local community of the Kensington Fields area and the surrounding area defined as the 'area of benefit,, by associating the residents. the Local Authorities, voluntary and any other organisalions in a common effort to advance education and to provide facilities in the interests of social welfare for the recreation and leisure lime occupation wth the object of improving the conditions of life the local residents. Significant activities This year has seen our team work hard to secure two subslanlial amounts of funding which will enable the continued operation of the charity for a further three years and also significant expansion of the team from the current four lo seven people. Together this means that we will be able to open more days and longer hours, deliver additional services & projects, reach more people and ultimately make a bigger impact for the local community. The Trustees would like to express their sincere thanks to The Nalional Lottery Reaching Communities Fund and Henry Smith Charity for their generous support to the organisation, and also the staff for this Significant achievoment in securing the future of the organisation Ihrough the end of 2026, As well their financial investment, KFCA has also benefitted greatly from their advice and have consequently strengthened several of our intemal operational processes and the way in which our Board of Trustees work together to lead the charity. We look forward to continuing on Ihis journey of growth over the course of the period of these grants. Our primary areas of focus this year have been on the continued operation ofr. our successful food pantry including cargo bike delivery scheme food & nutrilion projects alleviation of debt and maximisation of household income older people's seNices and activities after school and holiday provision for children and families library without walls, and literacy programrnes New community allotment Our work to help provide relief from the impacts of the ongoing 'Cost of Llving Crisis. has continued and has been much supported by the Government's Community Organisations Cost of Living Grant (November 2023 - March 20241. Through this work we have been able to continue to deliver existing cosl-of-living focused services expand serviGes to help meet increased demand from existing usèrs of the centre reach more people in need and support them too We will be working in eamest throughoul the next financlal year and beyond to secure further funding for this vital aspect of our seNice. Although reductions in energy costs have been announced people in our community continue lo be adversely affected by rising rents, and wageslbenefilslpensions that do not cover basic living needs such as food, clothing, and digilal connectivity. A major challenge ft)r the charity this year has been the continuing deterioration of the physical condition our premises which are leased from Liverpool City Council. The propety is affected severely affected by damp across the whole of the centre, and water ingress through the roof. There is also severe lack of natural night and ventilation within the centre. As w9 delivery more services and support more people, it is also becoming more difficult lo work with the confines of the size of Ihe current building. All of these negatively impacl on staff, volunteers and people who use our services and we know that this cannot continue much longer. For the last nine months, negotiations have thereforè been taking place behind the scenes with the local authority and potential benefactor to find a solution to these issues, which we are pushing strongly to hopefully come to fruition In the next financial year. Page 3
KFCA Ltd (Registered number: 06598731) Report of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW Reserves policy The trustees aspire to have free reserves at a level that would cover 3 months projected operating costs for the upcoming year. The trustees are hoping to grow each year and would like the free reseNes level set to reflect this planned growth. The projecled operating expenditure for the year ended 31 March 2025 is £211,000, which equates to required reserves of £52.750. Current unrestricted reseNes are higher than tsrget at £128,900. KFCA do not aim to make a profit, ralher its policy is to provide sufficient reserves to enable it to continue its work and seek altematlve sources of funding in the event of a loss of any particular source of grant income. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming dooument, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointment of new trustees At the Annual General Meeting one third of the Trustees are subject to retirement by rotation or, if their number is not three or a multiple of Ihree, Ihe number nearest lo one third shall retire from office, bul, if there is only one Trustee who is subject to retirement by rotation, he shall retire. Organisational structure KFCA has a Management Committee who meets at least 4 times per year and is responsible for the strategic direction and policy of the charity. Induction and tralnlng of newtrustees Trustees are appointed on the basis of their ability lo bring to the Board a range of skills to assist in the governance and development of the Charity- Before appointment they are guided by the centre co-ordinator through a comprehensive induction procedure designed to give them a complete underslanding of the aims and aspirations of the Charity- In addition, Charity Commission literature is given to all Trustees on an on-going basis in order to assist them lo understand their legal responsibilities. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06598731 {England and Wales) Registered Charlty number 1129800 Registered offlce 24 Hall Lane Kensington Liverpool L7 8TQ Trustees P Nicholson L Sutcliffe Ms S Duggan l R Stenton (resigned 10.10.231 N A Kelly P Reed Ms L Ryan Ms V Crone F Rogers (appointed 9.1.24) Ms T Lowry {appointed 12.12.23) D Melia (appointed 12.12.23) C Parr (appointed 3.1.24} Page 4
KFCA Ltd IRogl•lornd numbor. 0869J7J1) Roport ol Ihe TruJleo• lor Itt• Y•ai Endod JI M4rch 2024 REFERENCE AND AOMINISTRATIVE DETAILS Iiidepeiidoiil Exomlnor Suzunno Drnpor ACA FCCA Chiiiiorod Accounluitts Onol Huuso 2.8 Oilol Rood Lwrpool Morsoyskl L20 7EP Thffj iopoil hn5 beon prepiifod In &clanC0 Wrth Iliv spudiil prov10]75 01 Part 15 01 Ilits CDinpllnlt5 Acl 2000 ielllllno lo SMBII coinpiinlo5. 19 Appn)vYJd by oftlor ol Iho board 91 Iiusleos on . nnd %wJiied rts bvhull by.. P Nlcholson. Trusloo P4gu 5
Independent Examiner's Report to the Trustees of KFCA Ltd Independent examlner's report to the trustees of KFCA Ltd Ilhe Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basls of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Acl'}. 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 your charills accounts as carried out under Seclion 145 of the Charities Acl 2011 {'the 2011 AcV}. In carrying out my examination I have followed the Dlrections given by the Charity Commission under Section 14515) Ib) of the 2011 Act. Independent examiner's ststement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in resp8Gt of the Company as rèquired by Sectlon 386 of the 2006 Aot., or the accounts do not accord with those records. or 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 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 Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)). I have no concems 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. Suzanne Draper ACA FCCA SB&P Chartered Accountants Oriel House 2-8 Oriel Road Bootle Liverpool Merseyside L20 7EP 9/9 /..2V Page 6
KFCA Ltd statement of Financial Activltles for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 43,887 43,887 48,879 Charitable activities General 10,710 169,311 180,021 136,665 Other trading aclivities 16,880 16,880 2,177 Tolal 71,477 169,311 240.788 187,721 EXPENDITURE ON Charitable actlvltles General 46,204 160.188 206,392 166,786 NET INCOME 25.273 9.123 34,396 20.935 RECONCILIATION OF FUNDS Total funds brought forward 108.107 55.248 163.355 142,420 TOTAL FUNDS CARRIED FORWARD 133,380 64,371 197,751 163.355 The notes form part of these financial statements Page 7
KFCA Ltd BJlAnE• Shmt J1 MDf¢h 2024 31.3,24 Tottsl lund• 31.3.23 Toiaj lurKSs Ufjrojlneiod fvnds Ro¥lii¢lv(I lund¥ Noltsy FIXEO ASSETS Tanolblo as1$ 6.276 36,235 42,Jl1 35,203 CURRENT ASSETS Doblors C¥511 ol bnnk 1,778 12N.031 1.778 168,248 28.217 131,235 129,B09 28,21Y 158,026 131,235 CREDITORS Am(Minls lulllng du(tr wliiiln ono yoJr 12.703) 12.786) iJ.ouJi NEf CURRENT ASSETS 127,106 28,134 155.240 1?8,152 TOTAL AS8Efs LE8S CURRENT LIABILITIES 133.382 64.389 197,761 183,355 t4Er ASSETS 133.3S2 64.369 107.7S1 IG3,JJa FUNOS Lliiroslrlclod Iijndj livitslclijd liiiidy 133,3B2 64,36D 108.107 55,248 TQTAL FUNDS 197,751 IOJ.JJ5 Tliu chorits)bkn compiiny Is oniiilod to oxompts'on Irorn Ouuil illmlui Soclk]11 477 CJI Ilio CompAnleJ A¢t 2006 loi IIN) yiinr ondod 31 Maich 2024, Thts mumbo¥s not roqulrod Iho compnny to obthin an liudil ol its nnundul SlMOnt$ lor tho yV¢ir uThJod 31 Morch 2024111 oInn¢& willi Socllon 476 nl Iho Conipanios Acl 2006. TFio ImJiDQS acknlodg0 Iholr roBpL)n$ibllllJOS lor Itnsu¢lng Ilial Iho diofllobky con7pnny kogps nw>iinliryi ro¢ofdg Ihnl coinply wilh Socllonts 386 nnd 387 01 Iho Companio8 Acl 20Q6 pwwrliifj nnunclul ¥lnlumHnlg wlilth olvo n Iruo nnd Inir viDw ol tho athlo ol olfairs ol Ilits ¢linillnblu ¢ompnny a6 I Iliu ol oach fjnanctal yoor ol IIN SUIFilii% ijr dufir.ii Inr Uiich f*nandal yunr In nccoidiinc(r wilh Iho rfjquiromonl6 ol Soc¢p)n3 J94 nd 305 ond whlch olho[Stj comply willi Ihv roqulromonij ol Iho Compnnu)y Aci 2UOQ rttlnllno10 Iin¢inolAI slnlllmonls. $0 liif tjs pplblO ia tho chnriliiblu compnny. Tli¥so finandal 6th1MnIS htsvo beon wopoiud In nctordDnco 1h Iho wovlslonts uppllcublo lo dwrlwblo Wlipslllltrs ub10 lo compaMlo8 rog1ll. Thtt I Ib) 1ffj11 sthliiiTlel)Is wvm prglI by Iho Boiird ol Tnislolys nnd niillsorfsu(i lty Issu ond wor¥ slgnejd on ils bL.Iihll liy.. 1> Nlchtslson. Tw5100 Tho riolo$ lomi pnrt ol Ihoso Iinnncial Jthtoiilon Ptsoo B
KFCA Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitsble company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wllh the Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland {FRS 102) {effeclive 1 January 20191,, Financial R8PQrting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial stalements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are r8cognised 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. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to aclivilies on a basis consislenl with the use of resources. Tangible fixed assets Depreciation is provided at Ihe following annual rates in order to write off each asset over its estimated useftjl Fixtures and fittings Computer equipment 20 /0 on cost Taxation The charity is exempt from corporation tax on ils charitable activllles. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds 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. Pension costs and other post-retirement beneflts The charitable company operate5 a defined contribution pension scheme. Contributions payable to Ihe charitable company's pension scheme are chargèd to the Statement of Financial Activities in Ihe period to which they relale. Hire purchase and leasing commitments Rentals paid under operating leases are charged lo profit and loss on a straight line basis over the period of thè lease. Page 9 continued...
KFCA Ltd Notes to the Flnanclal Statements - continued for the Year Ended 31 March 2024 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Room hire income 16,880 2,177 NET INCOMEI{EXPENDITURE) Nel incomel{expenditure) is stated after chargingl(crediting)'. 31.3.24 31.3.23 Depreciation - owned assets 16,161 11,576 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remun8ralion or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The average monthly number of employees during the year was as follows: 31.3.24 31.3.23 Employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 48,879 48,879 Charltable activltles General 9,698 126,967 136,665 other trading aclivitles 2.177 2,177 Total 60,754 126,967 187,721 EXPENDITURE ON Charitable activities General 41,940 124,846 166,786 NET INCOME Transfers between funds 18.814 13.138) 2,121 3,138 20,935 Net movement in funds 15,676 5.259 20,935 Page 10 continued...
KFCA Ltd Notes to the Financlal Statements - continued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted funds Restricted funds Total funds RECONCILIATION OF FUNDS Tolal funds brought forward 92,432 49.988 142,420 TOTAL FUNDS CARRIED FORWARD 108.108 55,247 163,355 TANGIBLE FIXED ASSETS Fixtures and fittings Computer equipment Totals COST At 1 April 2023 Additions Disposals 85,740 23,469 {40.771) 12,909 98,649 23,469 {40.7711 At 31 March 2024 68.438 12.909 81.347 DEPRECIATION At 1 April 2023 Charge for year Eliminated on disposal 57.945 13,687 (40,771) 5,501 2,474 63,446 16,161 (40,7711 At 31 March 2024 30,861 7,975 38,836 NET BOOK VALUE Al 31 March 2024 37.577 4,934 42,511 At 31 March 2023 27,795 7,408 35,203 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other debtor5 1,778 CREDITORS.. AMOUNTS FALLING DUE MTHIN ONE YEAR 31.3.24 31.3.23 Pension Accruéd expenses 129 2,657 174 2,909 2,786 3,083 Page11 continued...
KFCA Ltd Notes to the Financial Statements- contlnued for the Year Ended 31 March 2024 10. LEASING AGREEMENTS Minimum lease payments under non-cancellabl8 operating leases fall due as follows: 31.3.24 31.3.23 Within one year 178 11. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund Emergency Repairs and Maintenance Fund 98,107 25,275 123.382 10,000 10,000 108,107 25,275 133,382 Restricted funds Groundwork LCVS CIF- Older Persons Health & Vvellbeing PH Holt Foundation SMFIDCMS Community Match Challenge HAF Summer HAF (February 22 Half-lerm) Albert Gubay Foundation LCVS Investment in Community HAF Easter Billiton Trust LCR CEF Young Growers Awards for All - Plot lo Plate LCCIMNF Garden Shipping Centre Big Help Group- New dishwasher LCC Leisure- Tai Chi Classes Feeding Liverpool HSF2 Food Neighbourly Foundation Seed of Change LCVS MaylJune HAF Half Tem ASDA Foundation 250 250 407 287 41,274 (407) (2871 (16,8361 114 36 (3791 {47) 3.474 (877) (239) (3,821) (7001 (120) (180) (1,668) (80) (25) 24,438 114 36 1,516 140 3,474 21 389 103 2,100 480 1,895 187 898 628 3.924 2,800 600 180 1,668 400 100 320 75 Better Starts Under 18s LCVS - Skelton Community Allotment CL Prsmary Care Network Mental H&W TNUCF Reaching Communities Feeding Liverpool HSF4 TNL COLF The Henry Smith Chairty Picton Childrens CE 1,240 114 978 82 3,180 9,251 15,468 600 1,240 114 978 82 3,180 9.251 15,468 600 55,248 9.121 64.369 TOTAL FUNDS 163,355 34,396 197,751 Page 12 continued...
KFCA Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2024 11. MOVEMENT IN FUNDS- continued Net movement in funds, induded in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 71,477 {46,202) 25,275 Restrlcted funds Groundwork LCVS CIF- Older Persons Health & Wellbeing PH Holt Foundation SMFIDCMS Community Match Challenge HAF Summer HAF (February 22 Half-lerm) Albert Gubay Foundation LCVS Investment in Communlty HAF Easter Billiton Trust LCR CEF Young Growers Awards for All - Plot lo Plate LCCIMNF Garden Shipping Centre Big Help Group- New dishwasher LCC Leisure- Tai Chi Classes Feeding Liverpool HSF2 Food Neighboudy Foundation Seed of Change HAF Easter 23 LCVS MaylJune HAF HalfTerm St Andrews Pantry {FL} ASDA Foundation 500 1250) 250 1407) 1287) {22,420) <12.886) (2,890) (379) (47) (407) (287) 116,836) 114 36 (379) (47} 3,474 (877) (239) 13,821) (700) {120) {180) 11,668) (80) 5,584 13.000 2,926 3,474 {1) 7,658 {876) (7,897) (3,821) {700) {120) {180) (1,668) (80) 14,000) 12,425) {500) 4,000 2,400 500 (25) Better Starts Under 18s LCVS - Skelton Community Allotment CL Primary Care Network Mental H&W TNL COLF Retrospective TNLICF Reaching Communities Feeding Liverpool HSF4 HAF Half-tem October TNL COLF HAF Winter The Henry Smith Chairty Picton Childrens CE LCVS CIF- Health & Wellbeing (21 1,500 1,063 1,000 2,224 36,214 3,180 2,850 56,439 3,000 19,500 600 1,700 (260) (949) {22} {2,224} (36,1321 1,240 114 978 82 3,180 {2,8501 147,1881 (3,000) (4,032) 9,251 15,468 600 (1,700) 169.311 (160,190) 9,121 TOTAL FUNDS 240,788 (206,392) 34,396 Page 13 conlinued...
KFCA Ltd Note5 to the Financial Statements- contlnued for the Year Ended 31 March 2024 11. MOVEMENT IN FUNDS . Continued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Emergen¢y Repairs and Maintenance Fund 82,432 18,813 {3,1381 98,107 10,000 10,000 92,432 18,813 (3,1381 108,107 Restricted funds Steve Morgan Foundation IBDMI LCVS CIF- Older Persons Health & Wellbeing PH Holt Foundation SMFIDCMS Community Match Challenge Albert Gubay Foundation LCVS Community lrnpact Fund LCVS Investment in Community Billiton Trust LCR CEF Young Growers Awards for All - Plot to Plate LCCIMNF Garden Shipping Centre Big Help Group- New dishwasher LCC Leisure- Tai Chi Classes Feeding Liverpool HSF2 Food Neighbourfy Foundats'on Seed ofchange HAF Easter 23 LCVS MaylJune HAF Half Term 2,174 (2,1741 407 287 (3761 1,895 (2,1261 (3,8511 898 (1,9911 3,924 2,800 600 180 1,668 400 15191 100 407 287 41,274 1.895 41.650 2,126 4,038 187 898 628 3.924 2.800 600 180 1.668 400 2,619 519 100 49,988 2,122 3,138 55,248 TOTAL FUNDS 142,420 20.935 163,355 Page 14 conlinued...
KFCA Ltd Notes to the Financial Statement5 - continued for the Year Ended 31 March 2024 11. MOVEMENT IN FUNDS- continued Comparative net movement in fund5, included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 60,753 141,9401 18,813 Restrlcted funds Steve Morgan Foundation (BDM) LCVS CIF- Older Persons Health & Wellbeing PH Holt Foundation SMFIDCMS Community Match Challenge HAF Summer Albert Gubay Foundation LCVS Community Impact Fund LCVS Investment in Community HAF Easter Billilon Trust LCR CEF Young Growers Awards for A]1 - Plot to Plate Feeding Liverpool over 65s Food LCCIMNF Garden Shipping Centre MPAC October Eat to Meet Feeding Britain- CFF Slow Cookery Big Help Group- New dishwasher MPAC- HAF Winter LCC Leisure- Tai Chi Classe5 Feeding Liverpool HSF2 Food LCC MPAC Feb23- Eat to Meet Neighbourly Foundation Seed of Change HAF Easter 23 LCVS MaylJune HAF Half Tem 5,500 (7.674} 12,174} 1,000 15,000 27,917 12,940 10,000 (5931 114,7131 128.2931 112,9401 (8,1051 12,1261 13,852) 14,000) 11,102) 19,650) 16,076) {11,515) 1700) 12,000) 11,200) 407 287 (3761 1,895 {2,1261 (3,8511 4,000 2.000 7,659 10,000 11,515 3.500 2,000 1,200 600 3,500 450 3,864 2,500 400 898 (1,991) 3,924 2,800 600 13,500) {270) 12,196) {2.500) 180 1,668 400 (519) 100 (519) {1,322} 1,422 126,968 (124,8461 2,122 TOTAL FUNDS 187,721 (166.7861 20,935 12. RELATED PARTY DISCLOSURES During the year, Mr P Nicholson a trustee of KFCA Limited. received expenses for volunteer work amounting to £1,09012023 £1,745}. Page 15 conlinued...
KFCA Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2024 13. RESTRICTED FUNDS Steve Morgan Foundation Funding to cover the salary of a Business Development manager which is to be received over a three ye ar period. LCVS Community Impact Fund (First Break Project) Funding received towards 'Roll with It, project lo expose Kensington residents to creative experienc es including workshops and theatre performances. PH Holt Foundation Grant received to contribute towards the cost of a community support programme, help cover staff resour ces, food provision and overheads. SMFIDCMS Community Match Challenge Media & Sport. Funding in collaboration with the Department for Digital, Culture Albert Gubay Foundation asslstant. A Grant received to contribute towards payroll costs of a youth developm6nt LCVS Community Impact Fund - Grant received to contribute towards cost of food pantry that provides food to the local residents of Kens ington. LCVS Investment In Communities expenditure for the cenlre. A granl received to contribute lowards stsff costs and general garden Billiton Trust Grant received to contribute lowards the community growingl plot to plale project. LCR CEF Young Growers A grant received lo contrtbute towards the costs of running and maintaining allotment, providing ho megrown vegetables to the centre. Awards for All - Plot to Plate - A grant received to help contribute towards the costs of running and maintaining of the allotment. LCR Cares Fund A grant received lo fund tele-befriending, shopping service, emergen¢y food provision and children's lunch es. LCC Mayoral Neighbourhood Fund - Grant received for Ihe purchase of container for garden storage. Big Help Group - A grant received to Gontribute towards the cost of white goods. LCC Leisure - Grant received to provide Tai Chi classes to th8 community. Feedlng Liverpool - Grant received to contribute towards food purGhases for the cenlre. Nelghbourhood Foundation Seed of Change Grants received to conlribute towards the cost of preparing Ihe allolm6nt. HAF, LCVS & MPAC Various grants received to provide school hollday play schemes for Spring, Summer, Autumn and Chrfslmas halfterms. ASDA Better Starts {Under 181 Grant received for sound system and associated equipment for children's dance and drama activities and s ports equipment. CL Primary Cara Network Mental . Grant received for local community health & wellbeing projects aiming to improve access to menlal health SU Pport. Tho National Lottery Cost of Livlng Various grants received to aim lo alleviate poverty, enhance living conditions and support people to live healthier lives. Groundwork- Green Skllls Grant- B4B Women's Horticulture Course. Henry Smlth Charity - Grant received to Strengthen communitie5. Picton and Kensington- Granl received to for gardening equipment and general resources.. Page 16 continued...
KFCA Ltd Notes to the Flnancial Statements - continued for the Year Ended 31 March 2024 14. DESIGNATED FUNDS Emergency Repairs and Maintenance Fund - The purpose of this fund is to provide for unexpected maintenance and repair costs as they arise. 15. TRANSFERS There were no transfers beeen funds during the year. In 2023, £3,318 was Iransferred from general funds to restricted funds to cover overspend of restricted monies. Page 17