Kingsway Hall Management Trust CIO {Registered charity. number 1155540) Financial ststements for the year ended 31 March 2025 Page Contents Trustees, annual report Independent examiner's report Receipts & payments account Statement of assets & liabilities Notes to the accounts capLUS LuldlMUINI l Y ALLUUfll IlNL]' Kingsway Hall Management Trust CIO Trustees, annual report for the year ended 31 March 2025 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 ODU Trustees Robert Wyatt. Chair Norma Sparkes Sylvia Wyatt Independent examiner Eva Stevens, 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 (hereinafter called "the area of benefit") 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 the establishment of a community centre (hereinafter called "the 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, Taekwondo and day care outreach for disabled people. The Grade11 building acts as a community centre and hub for local usage. The public can hire the main hall for meetings usually annual conventions, keeping fit physically and various other activities as well 2S accessing two bespoke training Kingsway Hall Management Trust CIO rooms which have now been partially occupied by professionals giving benefits advice to both those in-woik and out of work. Public benefit ststement 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 guidan 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 well- being 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 grab'tude. 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 2025 has seen a cA)ntinuing level of balancing income and expenditure in order to maintain the charitable aims of the chaiity 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. Decreasing grant availability 2nd increasing costs due to Govemmental policies create an even more challenging future but pleased that the year ending March 2025 has strengthened our reserves in an effort to survive. Budgeting is extremely high on the trustees agenda and a rolling budget is continually being visited looking at both profitability and cashflow. Kingsway Hall Management Trust CIO 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. Financial risks The very nature of leasing a grade11 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 Robert Wyatt, Trustee Date Independent examiner's report to the trustees of Kingsway Hall Management Trust CIO for the year ended 31 March 2025 I report to the trustees on my examination of the ac￿untS of Kingsway Hall Management Trust CIO for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charty 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 ￿rried 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 Ihat 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 reS￿ct of the chanty 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 Eva Stevens BSC, PFA Employee of Community Accounting Plus Date 1610112026 Kingsway Hall Management Trust CIO Receipts & payments account for the year ended 31 March 2025 2024 2025 Total Funds Unrestricted Restricted Total Funds Funds Funds Note Receipts Bank interest Grants & donations Room rents Sundry Sales Services Total receipts 12 25726 49503 83 11621 732 732 11825 55191 11819 55191 14167 99 70195 14167 99 82014 86945 11819 Payments Activities & events AdVe￿'s1rKJ CleanirKJ & hyrJiene Equipment, repairs & renewals hsuran Legal & professional Donations given Gift given Licences & subscriptions Premises maIntenar￿e Printing & statiorEry Rent & utilities Sundry expenses TeleplTh)ne, intemet & postage Trainir Travel TrLLStee & bDlunteer expenses Wages, Nl & per6ion Workwear Total payments 9789 109 1721 432 4456 772 12267 165 925 1913 1977 2273 59 235 1259 4262 184 17482 181 1219 40 15 250 39257 60 84023 12267 165 925 9235 1977 2273 59 235 1259 4262 184 17482 181 1219 40 15 250 39257 60 91345 7322 1211 7716 104 10484 1185 1028 108 310 25413 64838 7322 22107 60965 Net receiptsl(payments) Cash fvnds at start of this period Transfers between fvnds Cash funds at end of this period (13828) 65722 15321 67215 4497 17350 15321 6526 (9331) 83072 83072 73741 Kingsway Hall Management Trust CIO Statement of assets and liabilities at 31 March 2025 2024 2025 Cash assets Bank accounts Cash in haThJ Note 82556 516 83072 73577 164 73741 Other monetary assots Debtors 4896 4896 6155 6155 Assets retained for the charty's own use F￿ater & thermostat. pwchased August 2023, cost £2,005 Boiler, p￿ChaSed FebrL￿ry 2023, cost £2,385 BanquetirKJ tables, PLrchased August 2022, cost £837 Security cameras, purcFEsed May 2022, cost £1.159 Electrical distribution board, purchased January 2022, cost £1,463 Dishwasher, purchased September 2021 , cost £1,647 Fire alarm system. purC1￿Sed 2021, cost £3.156 Bar Cooler, pwchased April 2021 , cost £2.520 Birgo MachtrE purchased March 2025 £2.042 Extra tables aThJ Chairs purclHsed March 2025 £4, 705 TVS for Birgo Purchased March 2025 £437 FreestarKlirxJ Cubicle Diiider Pwchased March 2025 £360 Liabilities Creditors 6246 1783 These financial statements are ac￿Pted on behalf of the charity by". Signed Norma Sparkes, Trustee Dated I Kingsway Hall Management Trust CIO Notes to the accounts for the year ended 31 March 2025 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 Unrestricted Restricted Total NottirNJhamshire County COU￿11 MarEfield District Council Sundry grants & donations 4221 7598 4221 7598 11819 11825 3. Funds analysis Opening Receipts (Payments) Transfers balance Closing balance Restricted funds NCC Local Commuruty Furmj Bingo Lu￿h Group Benefits Advice NCC Councillor 3221 7598 (3221) (7322) 276 5100 12250 (5100) (7000) 5250 1000 6526 1000 11819 17350 (7322) (15321 Unrestricted funds General 65722 65722 70195 84023 15321 67215 67215 The transfer from restricted funds to the General fund represents an intemal charge for the room hire cost. The specific purposes for which these funds are held: NCC Local Community Fund - former Grant Aid, to support the lunch group to help combat loneliness and isolation. Bingo - the purchase of a Bingo machine, extra tables and chairs and Tv's strategically placed around the main hall to aid the hard of hearing to be able to see the numbers being called. Lunch Group - funding from the Mansfield Community Grant under the UKSPF to provide lunch groups. Kingsway Hall Management Trust CIO Benefits Advice - funding from the Mansfield Community Grant under the UKSPF to provide the free use of rooms for benefits advice. 4. Debtors Debtors - Room hire Prepayment - Insurance Prepayment - Premises li￿nce Prepayment - Gas 5284 147 45 680 6156 5. Creditors Independent examination HMRC 852 931 1783 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 £250 was reimbursed to one trustee for travel expenses incurred. 8. Related party transactions During the year there were no related party transactions. 9. 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 re￿iVed 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 specrfic restrictions set by the donor, but still within the general objects of the charity.