Kingsway Hall Management Trust CIO (Registered charity, number 1155540) Financial statements for the year ended 31 March 2023
| Page | Contents |
|---|---|
| 2 - 4 | Trustees’ annual report |
| 5 | Independent examiner’s report |
| 6 | Receipts & payments account |
| 7 | Statement of assets & liabilities |
| 8 - 9 | Notes to the accounts |
Kingsway Hall Management Trust CIO Trustees’ annual report for the year ended 31 March 2023
Full name Kingsway Hall Management Trust CIO
Other names by which the charity is known Kingsway Hall
Organisation type Charitable incorporated organisation
Registered charity number 1155540
Principal address
Kingsway Hall, Clipstone Road West, Forest Town, Notts, NG19 0DU
Trustees
Robert Wyatt, Chair Sylvia Wyatt Norma Sparkes
Independent examiner
John O’Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL
Governance and management
The charity is operated under the rules of its constitution adopted 29 January 2014.
The trustees invite individuals who have a contribution to offer. This can be as a result of living locally or from their occupation and skillset. Those who accept and join as trustees are appointed through trustee meetings.
Objectives and activities
The principal objects of the charity are to promote the benefit of the inhabitants of Forest Town and the neighbourhood without distinction of sex or of political, religious or other opinions to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants to establish or secure establishment of a community centre and to maintain and manage, or to co-operate with any local statutory authority in the maintenance and management of such a centre for activities promoted by the trust in furtherance of the above objects.
Summary of the main activities undertaken for the public benefit
The Trust's main activities are its charitable provision which includes older people's health and well-being, movement to music, Clubbercise, Art Classes, Yoga and daycare outreach for disabled people.
The Grade II building acts as a community centre and hub for local usage.
The public can hire the main hall for meetings usually for things like annual conventions, keeping fit physically and various other activities as well as accessing two bespoke training rooms.
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Kingsway Hall Management Trust CIO
Public benefit statement
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.
Summary of the main achievements during the period
Main achievements include the provision of our lunch club which not only provides healthy on-site cooked meals but provides mental and physical activities. A byproduct of this direct provision is the evolvement of community cohesion. Many attendees do so as much for the meals and activities as they do to combat loneliness and isolation. We employ a system whereby any non-attendees are contacted to check their well-being and this is having an effect of increased numbers.
We provide Movement to Music, Clubbercise, Yoga and Tai Chi sessions which all adds to health and well-being.
The Hall is now open 7 days and evenings a week.
Sunday multi-faith worship takes place.
We have been personally and financially supported by Notts County Council, Mansfield District Council, Notts Community Foundation, The Nottinghamshire Masonic Charity Fund, County Councillors and District Councillors and Mansfield CVS (Community and Voluntary Sector) to whom we are extremely grateful.
It is also worthy of note that there is an increasing number of volunteers supporting the work we do and again to whom we offer our thanks and gratitude.
Year on year more rooms are re-decorated to add to the ambience and encourages re-use of the building by those attending for the first time.
We are also the Polling Station for 2 wards.
Financial Review
The balances on the restricted funds are as budget and the increase in Unrestricted funds only adds to the sustainability of the group by increasing reserves in uncertain times. The inflow of financial support from Nottinghamshire County Council, Children in Need and The National Lottery has certainly helped the group in consolidating our position.
The charity’s policy on reserves
Our reserves target is 3 months running costs (circa £25,000), which we are currently exceeding but are mindful of potential repairs and maintenance pressures on such an old building.
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Kingsway Hall Management Trust CIO
Financial risks
The very nature of leasing a grade II listed building on a fully-repairing peppercorn rent is the concern of a major roof restoration.
Signed on behalf of the charity’s trustees:
Signed ______ Date _16/05/2024__ Robert Wyatt, Trustee
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Independent examiner’s report to the trustees of Kingsway Hall Management Trust CIO for the year ended 31 March 2023
I report to the trustees on my examination of the accounts of Kingsway Hall Management Trust CIO for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
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 that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records.
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 ____ Date 16/05/2024_____ John O’Brien MSc, FCCA, FCIE Employee of Community Accounting Plus
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Kingsway Hall Management Trust CIO Receipts & payments account for the year ended 31 March 2023
| 2022 Total Unrestricted Funds Funds £ Note £ Receipts - Activities 534 4 Bank interest 6 42912 Grants & donations 2 5755 886 Outsourced bar commission - 21639 Room rents 41643 6485 Sundry 95 1938 Sales 13251 5328 Recharges - 79192 Total receipts 61284 Payments 6313 Activities & events 11656 7 Advertising 124 610 Cleaning & hygiene 662 19616 Equipment, repairs & renewals 3713 96 Insurance 96 4003 Legal & professional 792 2436 Licences & subscriptions 2477 1190 Premises maintenance 11407 309 Printing & stationery 257 15863 Rent & utilities 13555 435 Sundry expenses 378 1137 Telephone, internet & postage 1339 - Training 2000 - Travel 167 - Trustee & volunteer expenses 363 15745 Wages, NI & pension 29564 - Internal charges (16200) 67760 Total payments 62350 11432 Net receipts/(payments) (1066) 67938 Cash funds at start of this period 60408 - Transfers between funds 2 79370 Cash funds at end of this period 59344 |
2023 Restricted Total Funds Funds £ £ - 534 - 6 4295 10050 - - - 41643 - 95 - 13251 - - 4295 65579 3656 15312 - 124 - 662 1114 4827 - 96 - 792 - 2477 664 12071 - 257 - 13555 - 378 - 1339 - 2000 - 167 - 363 - 29564 16200 - 21634 83984 (17339) (18405) 18962 79370 (2) - 1621 60965 |
|---|---|
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Kingsway Hall Management Trust CIO Statement of assets and liabilities at 31 March 2023
| 2022 | 2023 | ||
|---|---|---|---|
| £ | Cash assets | Note | £ |
| 78390 | Bank accounts | 60297 | |
| 980 | Cash in hand | 668 | |
| 79370 | 60965 | ||
| Other monetary assets | |||
| 4348 | Debtors | 4 | 7491 |
| 4348 | 7491 | ||
| Assets retained for the charity’s own use | |||
| Boiler, purchased February 2023, cost £2,385 | |||
| Banqueting tables, purchased August 22, cost £837 | |||
| Security cameras, purchased May 22, cost £1,159 | |||
| Electrical distribution board, purchased January 2022, cost | £1,463 | ||
| Dishwasher, purchased September 2021, cost £1,647 | |||
| Fire alarm system, purchased August 2021, cost £3,156 | |||
| Bar Cooler, purchased April 2021, cost £2,520 | |||
| Liabilities | |||
| (1235) | Creditors | 5 | (1979) |
| (1235) | (1979) |
These financial statements are accepted on behalf of the charity by:
Signed _____ Dated __16/05/2024______ Norma Sparkes, Trustee
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Kingsway Hall Management Trust CIO Notes to the accounts for the year ended 31 March 2023
1. Receipts & payments accounts
Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.
2. Grants & donations
| Nottinghamshire County Council The Jones 1986 Charitable Trust Mansfield District Council Sundry grants & donations |
Unrestricted £ - 4500 500 755 5755 |
Restricted Total £ £ 4295 4295 - 4500 - 500 - 755 4295 10050 |
|---|---|---|
3. Funds analysis
| Restricted funds Youth Project Memorial Garden & Youth Project NCC Feeding Mansfield NCC Local Community Fund Unrestricted funds General |
Opening balance £ 1000 7962 10000 - 18962 60408 60408 |
Receipts (Payments) £ £ - (1000) - (6341) - (10000) 4295 (4293) 4295 (21634) 61284 (62350) 61284 (62350) |
Transfers £ - - - (2) (2) 2 2 |
Closing balance £ - 1621 - - |
|---|---|---|---|---|
| 1621 | ||||
| 59344 | ||||
| 59344 |
The transfer from the NCC Local Community Fund to the General fund reflects the release of any restrictions on the use of these funds.
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Youth Project - supports hosting the Clipstone and Forest Town British Legion Youth Band practises.
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Memorial Garden - conversion of overgrown old Community Garden into a contained Memorial/ Sensory Garden.
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NCC Feeding Mansfield - financial support towards providing meals at the weekly Lunch Group to combat loneliness and isolation.
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NCC Local Community Fund – former Grant Aid, to support the lunch group to help combat loneliness and isolation.
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Kingsway Hall Management Trust CIO
4. Debtors
| Debtors - Room hire Prepayment - Insurance Prepayment - Premises licence |
£ 7346 70 75 |
|---|---|
| 7491 |
5. Creditors
| Independent examination HMRC Pension |
£ 822 976 181 |
|---|---|
| 1979 |
6. Premises & staff
The trustees have entered into a 30-year lease with Welbeck Estates expiring in the year 2049.
7. Trustees’ remuneration
During this period, a total of £303 was reimbursed to two trustees for expenses incurred and help provided.
8. Glossary of terms
Creditors: These are amounts owed by the charity, but not paid during the accounting period.
Debtors: These are amounts owed to the charity, but not received in the accounting period.
Prepayments: These are services that the charity has paid for in advance, but not used during the accounting period.
Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity.
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