## **Kingsway Hall Management Trust CIO** (Registered charity, number 1155540) **Financial statements for the year ended 31 March 2024**
|**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 2024**
**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, Clubbercise, Yoga, Tai Chi, Latin dancing 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
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## **Kingsway Hall Management Trust CIO**
two bespoke training rooms which have now been partially occupied by professionals giving benefits advice to both those in-work and out of work.
## **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 cooked meals but provides mental and physical activities. A by-product 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 wellbeing and this is having an effect of increased numbers.
We provide Clubbercise, Yoga, Taekwondo, Latin dancing 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, the UKSPF (United Kingdom Strategic and Partnership 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 year ending March 2024 has seen a continuing level of balancing income and expenditure in order to maintain the charitable aims of the charity in providing the ability to tackle loneliness and isolation for anyone, regardless of age, and the trustees are committed to continue this fine line of room hire income to subsidise the weekly lunch group.
## **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 _19/06/2024_____ Robert Wyatt, Trustee Cb. ddr
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## **Independent examiner’s report to the trustees of Kingsway Hall Management Trust CIO for the year ended 31 March 2024**
I report to the trustees on my examination of the accounts of Kingsway Hall Management Trust CIO for the year ended 31 March 2024.
## **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:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. 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 __20/06/2024______ John O’Brien MSc, FCCA, FCIE ce Employee of Community Accounting Plus
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## **Kingsway Hall Management Trust CIO Receipts & payments account for the year ended 31 March 2024**
|_2023_
Total
**Unrestricted**
Funds
**Funds**
£
**Note**
**£**
**Receipts**
534
Activities
-
6
Bank interest
12
10050
Grants & donations
**2**
636
41643
Room rents
49503
95
Sundry
83
13251
Sales
11621
65045
**Total receipts**
**61855**
**Payments**
15312
Activities & events
9426
124
Advertising
109
662
Cleaning & hygiene
1721
4827
Equipment, repairs & renewals
432
96
Insurance
4456
792
Legal & professional
22
2477
Licences & subscriptions
1211
12071
Premises maintenance
7634
257
Printing & stationery
104
13555
Rent & utilities
10484
378
Sundry expenses
1023
1339
Telephone, internet & postage
1028
2000
Training
-
167
Travel
108
363
Trustee & volunteer expenses
310
29564
Wages, NI & pension
21621
-
Internal charges
(4225)
83984
**Total payments**
**55464**
(18405)
**Net receipts/(payments)**
6391
79370
Cash funds at start of this period
59344
-
Transfers between funds
(13)
60965
**Cash funds at end of this period**
**65722**|**_2024_**
**Restricted**
**Total**
**Funds**
**Funds**
**£**
**£**
-
-
-
12
25090
25726
-
49503
-
83
-
11621
**25090**
**86945**
363
9789
-
109
-
1721
-
432
-
4456
750
772
-
1211
82
7716
-
104
-
10484
162
1185
-
1028
-
-
-
108
-
310
3792
25413
4225
-
**9374**
**64838**
15716
22107
1621
60965
13
-
**17350**
**83072**|
|---|---|
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## **Kingsway Hall Management Trust CIO Statement of assets and liabilities at 31 March 2024**
|_2023_|||**_2024_**|
|---|---|---|---|
|£|**Cash assets**|**Note**|**£**|
|60297|Bank accounts||82556|
|668|Cash in hand||516|
|60965|||**83072**|
||**Other monetary assets**|||
|7491|Debtors|**4**|4896|
|7491|||**4896**|
||**Assets retained for the charity’s own use**|||
||Heater & thermostat, purchased August 2023, cost £2,005|Heater & thermostat, purchased August 2023, cost £2,005||
||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||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**|||
|(1979)|Creditors|**5**|(6246)|
|(1979)|||**(6246)**|
These financial statements are accepted on behalf of the charity by:
Signed ___________________________________ ; =! Dated __19/06/2024_______ Norma Sparkes, Trustee
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## **Kingsway Hall Management Trust CIO Notes to the accounts for the year ended 31 March 2024**
## **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
Mansfield District Council
Sundry grants & donations|**Unrestricted**
**£**
-
400
236
**636**|**Restricted**
**Total**
**£**
**£**
4295
4295
20795
21195
-
236
**25090**
**25726**|
|---|---|---|
## **3. Funds analysis**
|**Restricted funds**
Memorial Garden & Youth Project
NCC Local Community Fund
Lunch Group
Benefits Advice
**Unrestricted funds**
General|**Opening**
**balance**
**£**
1621
-
-
-
**1621**
59344
**59344**|**Receipts (Payments)**
**£**
**£**
-
(1634)
4295
(4295)
6795
(1695)
14000
(1750)
**25090**
**(9374)**
66094
(59703)
**66094**
**(59703)**|**Transfers**
**£**
13
-
-
-
**13**
(13)
**(13)**|**Closing**
**balance**
**£**
-
-
5100
12250|
|---|---|---|---|---|
|||||**17350**|
|||||65722|
|||||**65722**|
The transfer from the General fund to the Memorial Garden fund is to cover the deficit on this activity.
The specific purposes for which these funds are held:
- Memorial Garden - conversion of overgrown old Community Garden into a contained Memorial/ Sensory Garden.
- NCC Local Community Fund – former Grant Aid, to support the lunch group to help combat loneliness and isolation.
- Lunch Group – funding from the Mansfield Community Grant under the UKSPF to provide lunch groups.
- Benefits Advice – funding from the Mansfield Community Grant under the UKSPF to provide the free use of rooms for benefits advice.
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## **Kingsway Hall Management Trust CIO**
## **4. Debtors**
|Debtors - Room hire
Prepayment - Premises licence|**£**
4821
75|
|---|---|
||**4896**|
## **5. Creditors**
|Independent examination - 2 years
HMRC
Pension
Insurance
Utilities - Gas|**£**
1674
3719
377
96
380|
|---|---|
||**6246**|
## **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 £310 was reimbursed to one trustee for travel expenses incurred.
## **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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