REGISTERED COMPANY NUMBER: 08150065 {England and Wales) REGISTERED CHARITY NUMBER: 1149688 Report of the Trustees and Financlal Statements for the Year Ended 31 March 2025 for Kingswood Trust (A Company Limlted by Guarantee} Haines Watts Wolverhampion Limited Keepers Lane The Wergs Wolverhampton Wesl Midlands WV6 8UA
Kingswood Trust Contents of the Flnancial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examlner's Report Statement of Flnanclal Activities 10 Balance Sheet 12 to 13 Notes to Ihe Financial Statements 14 10 20
Kingswood Trust (Registered number: 08150065) Report of the Trustees for the Year Ended 31 March 2025 The Irustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with Ihe financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) {effective 1 January 2015). Page 1
Kingswood Trust (Registered number: 08150065) Report of the Trustees for the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES Our Purposes and Aims We believe Ihat.- every young person should experience the world beyond the classroom as an essential part of learning and personal development whatever their age, ability of circumstances. Our Mission at the Kingswood Trust is lo provide high quality outdoor residential and environmental experiences that will support improved outcomes for the Children, young people and community of Wolverhampton, Staffordshire, Shropshire, Telford, and the wider Wesl Midlands Area. Our funded project activities prioritises the most disadvantaged people in our community supporting not only children bul volunteers of all ages and older people. The King5wood Trust is a residential and environmental centre 6 miles outside of the City of Wolverhampton offering access to woodland, green spaces, and purpose-built environmental resources. The buildings can accommodate over 100 people each day with capacity for 70 people to slay residentially. Outdoor activities at The Kingswood Trust focus on leaming outdoors. connecling people with nature, and appreciating the natural environmenl. Our work is particularly current in helping to combat the impact of sedentary lifestyles, obesity. and the increase in poor mental health. Our service meets the curriculum needs of schools and focuses on environmental learning. Children of all ages, their parents, and carers and those who support them can leam together. enjoying the benefits of hands-on activities in the fresh air. From the voluntary sector to corporate organisations. everyone can benefit from learning with nature. There are also plenty of varied opportunities to make a positive contribution to Ihe work of our charilable trust through our extensive volunteer programme. Our outdoor activities enable learning about and through the environment and create lasting, happy memories. Over the last 12 months we have continued to focus on reconnecting people of all ages lo the natural environment, especially older people and those suffering from loneliness and isolation and those who face financial hardship. In addition, this year we have priorilised carbon reduction by improving our own carbon literacy and have made a number of changes to reduce our own impact on the environment, whilst building Ihis inlo the educational opportunities for all our beneficiaries and stakeholders. Our charity is a place where history comes alive with old buildings, air-raid shelters, historical features, and artefacts. Outdoor learning takes place in our woodland and natural habitats. pond areas, bird hide, climbing trees. adventure ropes, forest school base camps and gardening areas. Opportunities to meet our sheep, ducks and chickens, rabbrts, guinea pigs and tortoises are a favourite with all our visitors. Our team building programme offers essential skills activities for personal growth. Subsidised and fully funded projects enable some of Ihe most disadvantaged children, young people, and families to benefit from the many positive impacls that our quality learning opportunities in Ihe great outdoors brings. Our activities for older people, especially those with dementia and adults and children wtth Special Educational Needs and Disabilities are having a positive impact on improving health and reducing isolation whilst accessing the benefits of being outdoors. O_ur Objec_ts - How our activities deliver p_ub_lic benefits The trustees have given regard to the Charity Commission's guidance on public benefit. Our activities deliver public benefit through our objects and our activities reflect local need. We adapt these opportuntlies and experiences to support the needs of people within our local communty and work hard lo enable everyone to access these and benefit accordingly. Our charitable objects are as follows: Advancement of Educatlon we promote education in, through and about the environment. We provide tailored learning outside the classroom opportunities, including day and residential visits for children and families in areas of social and economic deprivation. This includes curriculum enhancement, improving mental and physical health and helps to ¢ombal obesity. We engage with parents and family members and the wider community to place learning at the centre of what we do. We provide communily skills days and learning opportunities f or volunteers. Conservation of the Environment we promote the development and protection of the environment and improve the biodiversity of our sile. We encourage children, young people, and the wider community to play an active part in the conservation, protection, and improvement of both the physical and natural environments. We focus on improving the knowledge and skills of children, young people, and the community in relation lo wildlife and nature. We aim to improve urlderslanding and awareness of issues around climate change, now and in the future. Page 2
Kingswood Trust (Registered number: 08150065} Report of the Trustees for the Year Ended 31 March 2025 Sustalnable Development our activities are about living today wilh tomorrow in mind. We promote education for sustainability, with children, young people and the community participating in dèvelopments and activities creating and mainlaining the habitats and environments on our site. We practice a sustainable ethos, educating children, young people and the community in growing food and local sourcing, reducing, reusing and recycling i n relation to resources, energy and waste. Prevention or Relief of Poverty we provide free, fully accessible activities and subsidised charges for service users in need. We actively seek funding lo deliver projects that help to support the needs of the most disadvantaged children, families, and older people. Our outdoor opportunities aim lo help improve the life chances for children and young people from socially and economically disadvantaged communities. Through access to our environment, activities, and resources we can make a positive impact on the health and well-being of our user groups. Promotion of Social Inclusion we deliver a wide range of activities that reinforce confidence, raise self- esteem. and offer opportunities for social interaction. We promote the social inclusion of children and their families with poor educational or skills attainment and financial hardship e.g. those who are members of marginalised or minority groups. We promote social inclusion for children and young people with special educalional needs to ensure equal access to all outdoor, environmèntal and curriculum opportunities. We provide Ihe environment and context for people within socially and poor areas of Wolverhampton and The West Midlands. Staffordshire and the local community, to develop the Gapacity and skills in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society. We actively include volunteers with all abilities and run projecls for those with a range of Special Educational Needs and Disabilities and poor mental heallh. Ensurlng our work delFvers our aims. In April 2024 the Trust began its financial year in a positive position, having worked hard lo deliver ils aims Ihrough funded projects during the previous year. We have been very grateful for the ongoing financial support of repeat funders alongside new Trusts and Foundations recognising our work. This year we have been able lo continue aclivities with our existing school and community partners as well as welcoming new beneficiaries and groups to our core pn)jects and opportunities. As well as developing links with Trusts and Foundations, and other Grant Givers, we continue to generate our own income from schools and groups through charges for day visils, forest school programmes and residential stays. In addition, we generate income from our own inhouse fundraising activities, sales through our refreshment snack stop and souvenir gift shop, selling plants and oLJr very own unique Kingswood Rose, and having a preowned book stand. We generate regular income from weekend and holiday lettings of our site and buildings. April 2024 marked Kingswood Trusts, 101h anniversary as an independent charity. 'Kingswood' began as Wolverhampton Children's Holiday Camp,. It started in 1923 with the idea that 'poor' children could benefit from a holiday there. The original buildings were Wodd War l Nissan huts with stretchers for beds and a pavilion was built in the 1930's. This became the hall that is still in use today. Du17ng Worfd War 11, brick-built dormitories (still in use) were eCted, and Air raid shelters were built for emergency use. After World War 11, the holiday camp was purchased by the Local Education Authority to house an Open-Air School for "delicate. children. Many suffered from breathing problems, were under nourished with poor development and their families were in social need. The open-air school had a significant impact for many years due to outdoor lessons and the medical and educational support at the school. The children made huge progress out of the city in this countryside environment. In 1958 it was decided to build new accommodation on land next door. From 1973, the site was used as an environmental centre to enable children and the wider communty opportunrties for residential and day visits, forest school activities and to learn about nature The site was transferred in 2014 on a 125-year lease to the Kingswood Trust, a registered charity. We celebrated the year with a calendar of Community events and a family and friends 10th birthday party and open day. Page 3
Kingswood Trust (Registered number: 08150065) Report of the Trustees for the Year Ended 31 March 2025 In June 2024 we received a 3-year grant from The National Lottery Community fund. In year 1 this has supported some exciting capital developments to our community hall. This has included the installalion of double glazing. a new boiler and heating system, new flooring and decoration and solar panels lo the hall roof. This has greatly improved the comfort and quality of this widely used building, whilst helping to reduce energy by employing sustainable features. The funds have supported our work with people of all ages and is also enabling Kingswood Trust to significarilly develop its project work with volunteers. In August 2024 we employed a volunteer coordinator, increasing the number of volunteers that we can work with and focussing on more support for volunteers with special educational needs and disabilities. Our volunteering programmes are now fully embedded into Kingswood Trusls work, and we are very grateful lo our regular volunteers and volunteer team partners who continue to have a huge impact on our developing natural environments, site and project activities. The skill set of the Trusl board has continued to provide good governance of the charity - offering approprtale knowledge, skills, and experience in aspects such as finance, education. the environment. the communily, and strategy. Regular monitoring of financial accounts and centre policies ensures due diligence and protection of the charity and the safely and wellbeing of all stakeholders. Timely committee and subcommittee meetings and Trustees actively participating in some of the day-lo-day volunteering opportunities. projects and events has ensured that Ihe Charity manager and slaff receive appropriate challenge and support. Policy reviews and updates have remained on track. We have a stable. experienced and committed staff team of 9. Staff Professional Development and learning for all continues to be a priorily. The Trusl uses an online training platform, available to all staff and volunteers. This year, staff have completed training in Health and Safely. Fire PrevenlionlFire Warden Training, Equality and Diversity Training, Special Educational Needs, Safeguarding and Food Safety. First Aid training {face to face) has been completed in line with govemmenl guidance. All required personnel hold an enhanced DBS check. We set high standards. and our trustees, staff and volunteers work very hard to maintain these. The quality of our seTvice and safety and safeguanjing compliances were re-assessed in Autumn 2024 and we received a new 2-year Quality Badge in September 24. The Learning Outside the Classroom Quality Badge is the only nationally recognised indicator of good quality educational provision and effeclive risk management. The Food Standards Agency inspected our food and hygiene practices on 1919124 and we reiVed top marks and have been awarded a 5-star food hygiene rating again. During this year we have conlinued to record data and monitor projects carefully, recording oulcomes, taking photographs, completing queslionnaires. and recording quotes from participants. In July 2024 we started working again wilh an evaluation consultant and receive training and 1to1 support. We have produced new ase studies and project information leaflets along with physical displays of our activities to share with others. This is an effective way of communicating what we do, who can participate and whal the impacl has been for existing and polential partners. We share this with funders and distribute at the network and communrty evenls we are involved in. We have sought new opportunities this year lo speak to local groups, both through formal preserTrtations and informal stands in our community about our work and what we can offer and to find out what people need and would like to do. We are a South Staffordshire Council nominated "Key Community Group" supporting and disseminating information lo other voluntary sector groups within our locality. Our 9-acres of natural environments provide the outdoor spaces for wildlife and people lo thrive, and this is central to the success of all our projects. We are grateful to our regular volunteers and volunteer groups for another year of hard work, looking after and developing these environments boundless enthusiasm. commitment and energy continue to drive a whole hosl of grounds work activities.. grass Cutting, clearing back overgrown bramble, digging, stacking deadwood, building brash fences, and maintaining the new accessible garden and growing areas. Ongoing maintenance has been completed to bee neslers and bal and bird boxes. Our "Mindfulness Garden" has grown with the support of our volunteers throughout this period this aims lo provide an accessible calm space that offers a sensory experience and a place for relteclion. Volunteers support indoor and outdoor activities, painting and repairing the building, supporting wilh applications for funding, publicity and marketing. We have flourishing gardens and raised beds and an orchard Ihal bring flowers, fruit and vegetables to our community and provide a wealth of habitats and food for nature. Volunteers are an integral part of our planning and delivery of community events and weekly Salurday opening to the public. In addilion, our volunteers spend a lot of time talking to our visilors and beneficiaries and help the Trust lo capture feedback in a variety of formals and to shape our seNi¢e. Many support our project delivery directly also. Page 4
Kingswood Trust (Registered number: 08150065) Report of the Trustees for the Year Ended 31 March 2025 To support the delivery of our aims, we engage with local partners who have helped us in a variety of ways, for example fundraising for us or providing small grants or donations eg Rotary and Round Table, U3A, local church and choir groups and individuals within our local community. We have ongoing support from local companieslbusinesses Ihal provide a range of free of charge services, resources. materials and volunteer time e.g. Hearlwood Tree Care, Severn Trent. Collins Builders, Lloyds Bank, TELUS Communications, One Savings Bank, Paycare. South Staffordshire Council. Hindley's Construction, Brindley Asphalt Ltd, Collins Aerospace and Johnsons Farm, In terms of reputation, the Kingswood Trust starts from a positive posilion. Feedback from schools, beneficiaries and current customers and their evaluations and testimonials demonstrate we continue lo have an exlIent reputation amongst those who know and use the setvice. Our Servi users have also commented regarding the range of improvements and developments that have taken place so far in 2024-2025. Funders an_d Fundraising Over Ihe last 12 months, the Trust has continued to work hard to raise funds to support the delivery of projecls, develop our site and grounds and update resources for the delivery of our charitable aims and for those who need support most. We have continued to build our relationship with existing funders and forge links with new ones. This has enabled us to continue with some existing projects and to provide new opportunities for a broader range of beneficiaries based on the needs of our community. Thank you to the following funders= Bernard Sunley Charitable Foundation Beatrice Laing Trust Verina Black Charitable Trust Ray Williams Charitable Trust A L A Green Charitable Trust Brian Shaw Memorial Trust 29th May 1961 Charity Archer Trust OVO Foundation FDR Trust Iron Bridge Trust Wallace Bell Charitable Trust Sackler Trust Millichope Foundation William Dean Trust Pedmore Sporting Club Trust FL¢nd Richardson Brothers Charitable Trust Souter Charitable Trust DMF Ellis Charilable Foundation Lord Austin Trust Evelyn May Trust Emma Doris Bussey Ashworth Charitable Trust Baron Davenports Charity Leigh Trust CB and HH Taylor Charitable Trust Goodman Foundalion Culra Charilable Trust Grimmitt Trust WRA Charitable Trust Grantham Yorke Trust Schroder Charilable Trust Oliver Ford Foundation Kenneth and Barbara Boardman-weston Charttable Trust Noel Sweeney Charilable Trust Aylesford Family Charitable Trust William Howarth Charitable Trust RS Brownless Charitable Trusl Lillie Johnson Trust Bilston Rotary Club James Frederick and Ethel Anne Measures Charity Tettenhall Rotary Club Arnold Clark Chartable Foundation Twinkle Trust Hearth Foundation Anthony and Elizabeth Mellows Charitable Trust Garfield Weston Foundation WED Trust Four Winds Trust Ratcliff Foundation De Brye Charitable Tnjst James Beattie Charitable Trust HDH Wills ( Martin Wills} Patrick Trust William A Cadbury Trust P B Dumbell Charitable Trust Geoff Hill Charitable Trust Seccombe Trust Gowling WLG Oldhurst Trust Michael Marsh Charitable Trust Joseph Hopkins and Henry James Sayer Percy Lea Charitable Trust Richard Cadbury Charitable Trust Hedley Foundation Goodenough Charitable Trust Page 5
Kingswood Trust (Registered number: 08150065) Report of the Trustees for the Year Ended 31 March 2025 Core_Activities and Project Delivery The five activities be_l.ow are a summary. of our core business and output.s. 1. Resldential stays - children stay away from home for one or Iwo nights, often for the very first time. They share a bedroom with their peers, enjoy family-style mealtimes, make their own beds. and take responsibility for themselves. ThroLrghout their stay, the children engage in a variety of curriculum-based and team and wellbeing activities around the environmental site. They go on walks to local villages. fanns and common land and experience learn ing and life in a rural environment. In 2024125 we dellvered 49 residentlal opportunlties, supporting 1920 children. 2. Day visits these involve carefully planned leaming opportunities in our world outside the classroom. Themed and bespoke days encourage a focus on learning and personal development and include wellbeing days, team da ys, story-themed days and enviror7mental, history and Forest School aclivilies. - In 2024125 we dellvered 75 Day Visfts supportlng 2280 children 3. Forest School Programmes - Children from aged two, visit one day per week for six weeks or more for a child-centred woodland programme, aimed at developing confidence, independence. and self-esteem. Activities include woodland investigation, sensory activities and observing wildlife. They use tools and work creatively with natural mat erials. - In 2024125 we delivered 14x 54 week programmes supporting 168 children 4. Calendar of community events and activities 2024125 included Quiz nights, a Treasure Hunt, Family Olympics, Big Garden Bird Watch, Bird Ringing and Fungi walks, Room on the Broom, Pumpkin Parade, Easter Eggstravaganza. Santa Sleigh and Breaklast wilh Sanla, Holiday Clubs, a Music Festival and Family CampirFg. We are open for 'Saturday Forest Fun. and 'Nature Connections, and each week we run slay and play 'Owlets' and 'Winler Warmers, for older pe ople. Our 2024125 Eventbrite numbers plus walk ins show that 4893 people attended our community events and activitles 5. Volunteering4AII Our current regular volunteers attend up to 3 sessions per week. undertaking grounds and site maintenance, environmental project development eg gardening and conservation, site maintenance and animal care and support with our community events and weekly SatLtrday Foresl Fun. We also have some volunteers who support our children and family projects and Nature Connections for older people. As well as promoting and publicising our activities and helping with the delivery and evaluation of projects, we also provide both g roup and corporale volunteering. Group partners included.. Shropshire Wild Teams (Mental Health Adult Group), Afro Cartbbean Community Initiative (Gentlemen with poor mental health), The Wolverhampton Reparation Service and Highfiyers (Adults with Special Educational Needs and Disabilities). In 2024125, Our volunteers completed more than 8041 hours of volunteering, worth a monetary value of £112,574 (V14ph} 195 volunteers have been supported over the last 12 months. This includes 41 regular volunteers and 21 other groups - We supported 8 Collegelschool work experience students - The Kingswood Trust was open for volunteering for 48 weeks Page 6
Kingswood Trust (Registered number: 08150065) Report of the Trustees for the Year Ended 31 March 2025 The following provlde an outllne of 5 key projects which we sought fundlng to deliver in 2024125 Free Residential Places - This new project aims al SL¢PPOrting the children from families who were excluded from engaging in a school residential stay due to financial hardship. Children qualified if families were receiving pupil premium and found themselves in disadvantaged circumstances and were referred by their schools. The schools are situated in areas of social and economic deprivation in towns and cities Ihal have been identified as amongst some of the poorest in and around Wolverhampton and the West Midlands. The one-night residential stay, includes all food, bedding and accommodation and activities. Children have accessed a range of opportunities outdoors in the natural environment and have been able lo develop their confidence, social skills and independence away from school and home. This will be the first time sleeping away from home for many and an opportunity for all to make lasting memories. This project has been particularly welcomed. as many families report finding il hard to make ends meet. We received support from a major funder OVO Founda tion who supported 280 children during this period with a free residential place. In 2024125 835 children benefited from a free, one-night residential stay at the Ktngswood Trust Learn and Grow Project - This project began in January 2025. It helps address barriers to participation for those with a disability and mental health challenge. providing a positive and healthy working environmenl where all people are valued, focusing on their strengths and abilities. People aged 16+ working in a small team of up to 12 are supported by an experIend Volunteer Co-ordinalor. They undertake a range of activities including gardening, planting and harvesting vegetables, maintaining the woodland, orchard, pond areas and habitats for wildlife, carrying out wildlife surveys. maintaining outdoor furniture and resources and managing the resident pets {which include ducks. chickens, rabbits. sheep, tortoises and gLtinea pigs). 'Learn and Grow, is very much user-led, wtth beneficiaries encouraged to make decisions about whal needs to be done and the activities they undertake. Beneficiaries gain important new work-relaled skills, enhanced confidence and selfknesteem, experience ol contributing to a team and new leadership skills. The project provides a valuable stepping stone moving forward, with some taking L¢P Other volunteering opportunities and for olhers helping the m move closer to the wortd of work. In 2024125 we have worked with 5 partner organisations 110 beneficiaries have taken part in the short volunteering programmes so far this year Days in the Woods Project-The project specifically targels the most deprived and disadvantaged children aged 3-11. including children wtth special educational needs and disabilities,. for example, those with autism, sensory impairmerFts. medical conditions, and children with mental health challenges. They explore and work creatively with a range of natural materials and make a base camp and shellers for their activities. They build and cook on a campfire, learn about camp craft, climb trees, build dens and have fun. Transport and lunch was included. Through these aclivilies we have been able to provide aclivities for many children who live in areas of social and econo mic deprivation and who rarely travel away from their immediate home environment. - In 2024125 we delivered 22 Days in the Woods. supporting 660 children. Nature Conne¢tion$ Project-The project focuses on supporting older people {and their carerslfamily members), many of whom have been diagnosed with dementia and other progressive neurological disorders, conditions that profoundly change the practicalities of their everyday lives. We have also identified a need to support other disadvantaged adult groups e.g. those with SEND'S, poor menlal heallh, brain injury and older members from ethnic minority backgrounds who may not engage with other services {these groups are not captured in any of our other projects and experience exclusion, loneliness and isolalionl.'Nature Connections, activities include woodland walks, F)ond dipping, bird watching, sensory activities, meet the pets and nature-based craft and creative activities. In addition, beneficiaries will visit our WW2 air raid shellers-used to Stimulate memories and communication (refreshments included}. This project has been a lifeline for those older people on their own b ut also for career who have little respite. - We have been able lo work with 16 partner organisations. In 2024125 we delivered 35 Nature Connections opportunities, supportlng 625 older or isolated people. Page 7
Kingswood Trust (Registered number: 08150065) Report of the Trustees for the Year Ended 31 March 2025 Access2Nature Project-These are day visits for families in some of the most deprived parts of Wolverhampton and the Wesl Midlands and South Stsffordshire, some with multiple disadvantages. Beneficiary children might include those with SENDS, families facing trauma and those with poor mental health. Many of whom have no gardens or green spaS to play in and enjoy. Family engagement activities include woodland trails, animal encounters, practical nature crafts, games, campfires, and other nature-based activities. The provision of transport and a hot meal has been very well received by families this year with many struggling to provide for their children and themselves. Access was highlighted as a barrier for many families with all saying that they would not be able to afford an entry fee to activities. Most parenls said that they had no car, many with no garden and lacked the funds and confidence to attempt public transport. Many parents said that they had really enjoyed being Outdoors with their children, away from the internet and devices and the press ures of family life at home. - In 2024125 we delivered 39 Access2Nature Days supporting 546 familles- 1560 beneficiaries TOTAL B_eneficiaries during the financial pertod 2024-2025 is _12,411 peop_le This year's financial posltlon We have been pleased to report a small surplus this year. The team has worked hard to maintain a highquality offer and support the people thal need it most with a backdrop of ever-increasing costs. Duririg this reporting period, our energy costs have remained high. along with furthef increases in costs for fo(Id supplies and laundry, transport bills and consumables. We have a plan to continue with improving the fabri and add further sustainabilily features over the next 5 years that will reduce energy usage and immediate and future costs. We revisit all our Servi level agreements annually to see if we can reduce or mainlain our operation costs and seek alternatives lo provide best value. We are continually reviewing our suppliers, costs and request discounts or buy from those who offer charity rates. We run a 'Just Giving, page and encourage eligible individuals to donate this way. We also encourage people to donate as they shop through the 'easyfundraising app, This year we have been able lo give all staff a small salary increase, the first in several years. This has been particularly important for our team who have also been impacted as the cost-of-living increases. FINANCIAL REVIEW We have been pleased to report a small surplus this year. The team has worked hard to maintain a high-qualily offer and support the people that need it most with a backdrop of ever-increasing costs. During this reporting perio(f. our This has been the eleventh period of account representing the year to March 2025. The principal funding SOL¢rce, aside from income generated from its charitable charges, aclivities and services, is grant income from Trusts and Foundations. The attached accounts for Kingswood Trust show a surplus of £10,733 (2024 deficit of £29,804). The reserves policy is to ensure that sufficient reseeS are available to meet the working capital requirements of the charity. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Kingswood Trust is a charitable company limited by guarantee, incorporated on 19 July 2012 and regislered as a charity on 7 November 2012. The company was established by a Memorandum of Association which established the objects and powers of the charitable company. It is govemed under its Articles of Association. As the charity is limited by guarantee there is no share capital. Recruitment and appointment of new trustees The Directors of the company are also Charity Trustees for the purposes of charity law. The method adopted for appointment of trustees is election lo the post for a period of 2 years. Kingswood Trust Is governed by the appointed Injstees. The Trustees Board Membership representatives are elected and appointed by the 4 membership groups. Most of the trustees give their time voluntarily and receive no benefits from the charity. The only trustees receiving any financial benefil are detailed in Note 5 to the accounts. Page 8
Kingswood Trust (Registered number: 08150065) Report of the Trustees for the Year Ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 08150065 (England and Wales) Registered Charity number 1149688 Registered office Holyhead Road Kingswood Nr Albrighton Wolverhampton West Midlands WV7 3AP Trustees D Harris S Shanks P Page G Gentle R Thompson S LaY R M Harley CJShort Independent Examiner Geoffrey Hopwood BCOM FCA Haines Watts Wolverhampton Limited Keepers Lane The Wergs Wolverhampton West Midlands WV6 8UA 14-10-25 Approved by order ofthe board oftrustees on............................................. and signed on tts behalfby.. D Harris - us ee Page 9
Independent Examiner's Report to the Trustees of Kingswood Trust Independent examiner's report to the trustees of Kingswood Trust ('the Company.) I report to the charity trustees on my oxamination of the accounts of the Company for the year ended 31 March 2025. Responsibllities and basls of report As the charty's trustees of the Company land also its directors for the purposes of company law) you are responsible for the preparation of Ihe accounts in accordance with the requirements of Ihe Companies Acl 2(1061'the 2006 Act,). Having satisfied myseff that the accounts of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('Ihe 2011 ACVI. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) Ib) of the 2011 Act. Independent examiner's statement sin your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales. which is one of the listed bodies. 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 rFot kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records.. or the accounls do not comply wilh the accounting requirements of Seclion 396 of the 2006 Act other than any requirement Ihal the accounts give a tnje 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 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. Geoffrey Hopwood BCOM FCA The Institute of Chartered Accountants in England and Wales Haines Watts Wolverhampton Limited Keepers Lane The Wergs Wolverhampton West Midlands WV6 8UA Date.. Page 10
Kingswood Trust Statement of Flnancial Activltles for the Year Ended 31 March 2025 2025 Total funds Unrestricted Restriclod funds fund 2024 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 39,789 39,789 32.004 Charltable activlties Grants 50,279 190,891 241,170 157,325 Other trading activities Investment income 182,181 937 182,181 937 198,140 598 Total 273,186 190 891 464,077 388,067 EXPENDITURE ON Operating costs 239,511 191,162 430,673 388,084 Other 3.160 3,160 3.059 Total 242,671 191,162 433.833 391,143 NET INCOMEI{EXPENDITURE> BEFORE DEPRECIATION 30.515 {271) 30,244 {3,076} Depreciation expense NET INCOMEI{EXPENDITURE} 23,360 (12.627) 10,733 (29,8041 RECONCILIATION OF FUNDS Total funds brought forward (223) 76,086 75,863 105,667 TOTAL FUNDS CARRIED FORWARD 23.137 63,459 86,596 75,863 The notes form part of these financial slalemenls Page 11
Kingswood Trust (Registered number: 08150065) Balance Sheet 31 March 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted fund Notes FIXED ASSETS Tangible assets 44,054 101,343 145,397 79,680 CURRENT ASSETS Deblors Cash at bank and in hand 5,934 29,432 13,823 65,825 19,757 95,257 22,495 73,855 35,366 79,648 115,014 96,350 CREDITORS Amounts falling due within one year 10 (56,283) (117,532) (173,815} {100,167) NET CURRENT ASSETS {20,917) (37,884} (58,8011 (3.8171 TOTAL ASSETS LESS CURRENT LIABILITIES 23,137 63,459 86,596 75.863 NET ASSETS 23,137 63,459 86,596 75.863 FUNDS Unrestricted funds Restricted funds 23,137 63.459 1223) 76,086 TOTAL FUNDS 86,596 75,863 The charitable company is entitled to exemption from audit under Section 477 of the Companies Acl 2006 for the year ended 31 March 2025. The members have not required the company lo obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibililies for (a) ensuring that the charitable company keeps ac¢ounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial slalements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of ils surplus or deficit for each financial year in accordan with the requiremenls of Sections 394 and 395 and which othetwise comply with Ihe requirements of the Companies Act 2006 relating lo financial statements, so far as applicable to the charitable company. Ib) The notes form part of these financial ststements Page 12
Kingswood Trust (Registered number". 08150065) Balance Sheet- contlnued 31 March 2025 These financial statements have been prepared in accordance with Ihe provisions applicable to charitable companies subject to the small companies regime. The financial slalements were approved by the Board of Trustees and authonsed for issue on .l*./i u./.. 15.......... and were signed on its behalf by.. Harris - Trust The notes form part of these financial slalemenls Page 13
Kingswood Trust Notes to Ihe Financial Statements for the Yèar Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charilies SORP (FRS 102) 'A¢counting and Reporting by Charities.. Statement of Recommended Practice applicable to Gharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 20191,, 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 been prepared under the historical cost convention. The financial statements have been prepared on a going concem basis. The Trustees have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Trustees have concluded thal they can continue to adopt the going concern basis in preparing the annual report and accounts. Incoming resources All incoming resources are included within the Statement of Financial Activities when the charity is entided to, and virtually certain lo receive, the income and the amount can be quantified with reasonable accuracy. The following policies are applied to particular categories of inGome.' Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entillemenl is not conditional on the delivery of a specific performance by the charily, are recognised when the charity becomes unconditionally entilled to the grant. Donated services and facilities are included at the valL¢e lo the charity where this can be quantified. The value of services provided by volunteers has not been included within Ihese accounts. Incoming resources from charitable trading activities are accounted for when eamed. Incoming resources from grants, where related to performance and specific deliverable, are accounted for as the charity earns the right to consideration by its performance. Govemment grants Ihat becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related cosls, shall be recognised in income in the period in whiGh it becomes receivable. Resources expended 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. 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 lo particular headings they have been allocated to activities on a basis Consistent with the use of resources. Tangible fixed assets Fixed assets are slated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in the case of fixtures, rittings and equipment is estimated at 10 year, giving an annual depreciation charge at 100 line. /0 straight Taxation As a registered charity Kingswood Trust is exempt from laxartion on income and gains to the extent that these are applied to its charitable objects. No taxalion charges have arisen in respect of the charity during the period.charily Page 14
Kingswood Trust Notes to the Financial Statements - continued for thè Year Ended 31 March 2025 ACCOUNTING POLICIES- continued Fund accounting Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the trustees. Restricted funds Can only be used for particular restricted PL¢rposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanalion of the nature and purpose of each fund is included in the notes to the financial statements. OTHER TRADING ACTIVITIES 2025 2024 Charged activity services 182.181 198,140 182.181 198,140 INVESTMENT INCOME 2025 2024 Interest receivable - trading 937 598 NET INCOMEI{EXPENDITURE) Net resources are stated after charging.. 2025 2024 Depreciation Independent Examiner's fee 11,888 2,100 26,728 2.040 TRUSTEES, REMUNERATION AND BENEFITS One Trustees received £4,047 12024 - £3,549) remuneration during the period for the provision of professional services. There was no balance outstanding at 31 March 2025 (or 31 March 2024). Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 15
Kingswood Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2025 STAFF COSTS The average monthly number of employees during the year was as follows.. Teaching staff Administration and support 2025 2024 The number of employees whose employee benefits {excluding employer pension costs} exceeded £60,000 was.. £60,001- £70,000 2025 2024 One employee received emoluments of more Ihan £60,000 during the year lo 31 March 2025. The charity operates a defined conlribution pension scheme for all staff. The Charity's contribution is between 28.6/0 and 18.9/0 of salary with slaff also making contributions to the scheme. 8 staff employees are members ofthe pension scheme (2024.. 7). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nds Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 32.004 32,004 Charitable activities Grants 4,250 153,075 157.325 Olher trading activities Inveslment income 198,140 598 198,140 598 Total 234,992 153,075 388,067 EXPENDITURE ON Operating costs 265.408 149,404 414,812 Other 3,059 3,059 Total 268,467 149,404 417,871 NET INCOMEIIEXPENDITURE) Transfers between funds (33,475} 31.227 3,671 (31,227} {29,804) Net movement in funds {2,2481 {27,556) (29,804) RECONCILIATION OF FUNDS Total funds brought forward 2,025 103,642 105,667 Page 16
Kingswood Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES . continued Unrestricted Restricted funds fund Total funds TOTAL FUNDS CARRIED FORWARD {223) 76.086 75,863 TANGIBLE FIXED ASSETS Fixtures and fittings COST At 1 April 2024 Additions 279,993 85,228 At 31 March 2025 365.221 DEPRECIATION At 1 April 2024 Charge for year 200,313 19,511 At 31 March 2025 219,824 NET BOOK VALUE Al 31 March 2025 145,397 At 31 March 2024 79,680 The Land & Buildings are owned by Wolverhampion City Council and are leased to Kingswood Trust for a period of 125 years from April 2014 at an annual rent charge of £1. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors Prepayments and accrued income Accrued income 4,611 7,423 1,323 6,400 5,343 12,084 2,068 3,000 19,757 22,495 Page 17
Kingswood Trust Notes to the Financial Statements - continued for the Year Ended 31 Mareh 2025 10. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditors Deferred in¢ome 49,700 124,115 58,264 41,903 173,815 100,167 11. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 Al 1.4.24 Unrestricted funds General fun Designated fund 1223) (5,940) 29,300 {6,163) 29,300 Restricted funds Restricted fund (223) 23,360 23,137 76,086 {12,627) 63,459 TOTAL FUNDS 75,863 10,733 86,596 Net movement in funds, included in the above are as follows= Incoming resources ResoL¢rces expended Movement in funds Unrestrtcted funds General fund Designated fund 233,230 39.956 (239,170) (10,656) 15.940) 29,300 Restricted funds Restricted fund 273,186 {249.8261 23,360 190,891 {203,518) (12,627) TOTAL FUNDS 464,077 (453.344) 10,733 Page 18
Kingswood Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2025 11. MOVEMENT IN FUNDS - continued Comparatives for movement In funds Nel movement in funds Transfers between fvnds Al 1.4.23 At 31.3.24 Unrestrl¢ted funds General fund Designated fund (21,590} 23,615 116,7611 {16,714) 38,128 (6.901) {223) Restricted funds Restricted fund 2,025 {33.475) 31,227 12231 103,642 3,671 {31,227) 76,086 TOTAL FUNDS 105.667 {29.804) 75,863 Comparative nel movement in funds, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund Designated fund 234,992 (251.753) (16,7141 {16.761) {16,714) Restricted funds Restricted fund 234,992 {268,467) (33,475) 153,075 {149.404) 3.671 TOTAL FUNDS 388.067 1417,871) {29,804) A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Transfers between funds At 1.4.23 At 31.3.25 Unrestricted funds General fund Designaled fund (21,590) 23,615 {22,701) 12,586 38.128 (6,901) {6,163) 29,300 Restricted funds Restricted fund 2,025 (10,115) 31,227 23,137 103,642 (8,956) (31,227) 63.459 TOTAL FUNDS 105,667 {19,071) 86,596 Page 19
Kingswood Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2025 11. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund Designated fund 468,222 39,956 {490,923) 127,370) (22,701 } 12,586 Restricted funds Restricted fund 508,178 1518.293} (10,115) 343,966 1352,9221 {8,956) TOTAL FUNDS 852.144 1871.215) 119,071) General funds are unrestrtcted and available for use at the discretion of the trustees in furtherance of the general objectives of the charily. Designated funds are unreslricted funds normally earmarked for 8 particular purpose. This fund represents the Fixtures, filtings and equipment donated to the charity and is reduced annually by the depreciation charge for the period by a transfer lo the General funds. The trustees have reviewed the treatment of the varioLts income streams of the charity. Free resident places which had previously been trealed as restricted income are now Irealed as designated income. These were redesignated from 1 April 2024. Included in restricted deferred income in 2024 were grants totalling £32,178. During 2025 these have been reclassed as designated income. Reslricled funds relate lo the purchase of the refreshments cabin and various grants received this year for other fixed asset additions. 12. RELATED PARTY DISCLOSURES A relative of a member of Ihe senior management team provided services to the charity at a cost of £6.600 (2024 £5,746) for the year. This expenditure was for the benefit of the charity and was authorised by the Trustees. Page 20