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2025-03-31-accounts

Kingstrust Network CIO

Charity No: 1161181

‘

KINGSTRUST NETWORK CIO

FINANCIAL STATEMENTS

Year ended

31 MARCH 2025

PHOENIX ACCOUNTANCY AND BUSINESS CONSULTANCY LIMITED

Kingstrust Network CIO

Contents to the Financial Statements For the year ended 31 March 2025

Page
Trustees Annual Report 3
Independent Examiners’ Report 9
Receipts and Payments Account 10
Statement of Assets and Liabilities 11
Notes to the Financial Statements 12

2

Kingstrust Network CIO

Charity No: 1161181

Trustees Annual Report For the year ending 31 March 2025

The Trustees present their report with the financial statements of the charity for the year ending 31 March 2025.

Reference and Administrative Details of the Charity, its Trustees and Advisers

Name of charity:

Kingstrust Network CIO

Charity Registration Number: 1161181 Principal Operating Address: 104 Queen Street Withernsea East Yorkshire HU19 2HB

Trustees:

Names of trustees who served during the year and since the year end up to the signing of this report were as follows:

Annette Jarvis Chairperson Re-appointed 15/03/2025 Timothy Jarvis Treasurer Re-appointed 15/03/2025 David West Re-appointed 14/09/2024 Jorrell Meade Re-appointed 03/01/2026 Patricia Beischer Appointed 28/06/2025 Roger Main Appointed 29/10/2022 Belinda Ives Appointed 29/10/2022 Roger Anderson Resigned 08/10/2024

Professional Advisors:

Accountant: Rebecca Triffitt, MAAT
Practice Accountant, Employee of
Phoenix Accountancy and Business Consultancy Ltd
Morley’s Cottage
Morley’s Yard
Walkergate
Beverley
HU17 9BY
Solicitors Anthony Collins Solicitors
134 Edmund Street
Birmingham
B3 2ES

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Kingstrust Network CIO

Charity No: 1161181

Trustees Annual Report For the year ending 31 March 2025

Professional Advisors (continued):

Bankers HSBC 3-4 Jameson Street Hull HU1 3JX

Structure, Governance and Management

Governing Document

Kingstrust Network CIO is a registered charity governed by its Constitution adopted on 7 April 2015.

Recruitment and appointment of Trustees

The Trustees form the Executive Committee of the charity. The members of the Executive Committee are elected at the Annual General Meeting by the members of the Charity, and usually serve for a three year term. All members are circulated with invitations to nominate Trustees in advance of the AGM. There is a provision for the co-option of additional Trustees if required.

The Constitution states that the number of trustees must not be less than three but shall not be subject to any maximum.

Trustee Induction and Training

New trustees are required to undergo induction training, provided by the other trustees or suitable persons. Ideally, the induction includes a discussion about the role and responsibilities of trustees, the activities, aims and objectives of the charity, the structure of the organisation, board of trustees, general procedures of the organisation. New trustees are introduced to members of staff and other trustees, and are provided with the Charity Commissions ‘Roles and Responsibilities of Trustees’, the Constitution, the latest statutory financial statements, Annual Report and copies of the minutes and management reports provided to the board of trustees. Any additional training required by the new trustees will be identified during induction, and may be requested at any point by new and existing trustees, where it is considered useful to their role as trustee.

Organisational Structure

The board of trustees manages the Charity, and aims to consider only strategic decisions at its meetings. Trustees are aware that any conflict of interest is declared and minuted. The board meets quarterly and occasionally on other occasions as required.

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Kingstrust Network CIO

Charity No: 1161181

Trustees Annual Report For the year ending 31 March 2025

Objectives and Activities

The objects of the charity as set out in the Constitution are:

Main objective for current year 2024/25:

The charity runs the Gateway Community Care Hub in Withernsea as its main vehicle for delivering its charitable objectives.

We intended to maintain and strengthen the services provided by the Gateway Community Care Hub in Withernsea, increasing the numbers of local people using the hub. We are always looking to do more, but we need leaders and volunteers to come forward in order to do so.

Activities in 2024/25:

Our existing services (as follows) were maintained:

We also continue to deliver donated furniture and white goods to those in need, collecting the same as donations from the local community using our own delivery van. In July 2024 we replaced our ageing van with a larger Luton van to meet the need. Contributions to the purchase price where kindly made by F P Finn Charitable and the Sydney Smith Trust.

We donated 50 Christmas hampers and 150 Christmas gifts to local families in need. An annual service we have performed every Christmas since 2013.

The charity also organised another coast-to-coast cycle challenge fundraiser during July 2025. This was the charity’s 11[th] and ten years since the first C2C challenge back in June 2015.

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Kingstrust Network CIO

Charity No: 1161181

Trustees Annual Report For the year ending 31 March 2025

Main objectives for the following year 2025/26:

In developing the main objectives for the following year the Trustees have given regard to the Charity Commission guidance on public benefit.

The trustees are continuing the charity’s activities in and around our Withernsea hub as in previous years.

The main task for 2025/26 is to continue to maintain the activities of the Gateway Community Care Hub in Withernsea.

We will continue to provide food parcels, Christmas hampers and a warm space during the winter for those in our community who badly need this help. We continue to deliver donated furniture and white goods to those in need and pick up those donated items locally using our Luton van.

We will continue to meet the charity’s financial needs from:

We are continuing to find obtaining grant funding harder than in previous years. We find that other charities we know are having similar problems. This is a major challenge for the coming year. The trustees are looking to increase the income from sales of donated items and to add additional online fundraisers.

We are actively looking for new teachers and leaders and hope to relaunch the healthy eating cookery training and the Gateway Growing projects because we believe education and training is one of the answers to breaking the link between poverty and poor health. We want to teach growing, cooking and healthy eating skills as a holistic solution. The problem we face at present is a lack of suitably experienced teacher-volunteers. We find that other charities are experiencing the same problem in finding volunteers.

Kingstrust Mission Statement:

Kingstrust aims to help people have a better quality of life, one that's stable and meaningful. Relieving poverty is much more than just handing out food, clothing and furniture. It’s about changing poverty mindsets; in education, in healthy living and eating. We will continue to work to do just this as well as helping local residents in any way we can.

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Kingstrust Network CIO

Charity No: 1161181

Trustees Annual Report For the year ending 31 March 2025

Financial Review

Reserves Policy

The charity aims to keep six month’s core running costs in the unrestricted general fund in line with current Charities Commission advice. In addition the charity aims to keep an additional £5,000 in the unrestricted general fund to cover dilapidations at their premises in Withernsea (as required by the rental agreement), and other unbudgeted emergencies.

These provisions will ensure a sufficient buffer to enable effective financial decision-making, rather than short term decisions. The trustees will continue to maintain this buffer in the future by looking at all suitable fund raising activities.

Plans for Future periods

Please see main objectives for the following year.

Statement of disclosure of information to Independent Examiner

We, the trustees of the Charity who held office at the date of approval of these financial statements, each confirm so far as we are aware, that:

Statement of Trustees’s responsibilities

Charity law requires the Trustees to prepare financial statements for each financial year. The Charity has elected to prepare its accounts on the Receipts and Payments basis in line with the Charities Act 2011 which allows non-company charities with an income of less than £250,000 to prepare their accounts on this basis.

The Trustees confirm that the accounts comply with the above requirements. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Kingstrust Network CIO

Charity No: 1161181

Trustees Annual Report For the year ending 31 March 2025

Independent Examiner

A resolution to appoint Independent Examiner’s, Phoenix Accountancy and Business Consultancy Limited will be proposed at the forthcoming annual general meeting.

By order of the Board

Annette Jarvis Chairperson

Date:

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Kingstrust Network CIO

Charity No: 1161181

Independent Examiner’s Report to the Members of Kingstrust Network CIO

I report on the accounts of Kingstrust Network CIO for the year ended 31 March 2025, which are set out on pages 10 to 14.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Rebecca Triffitt, MAAT

Practice Accountant

Employee of Phoenix Accountancy and Business Services Limited

4-6 Robert Street, Scunthorpe, North Lincolnshire, DN15 6NG Date:

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Kingstrust Network CIO

Charity No: 1161181

Receipts and Payments Account For the year ended 31 March 2025

Notes
RECEIPTS
1
Sales
Donations
Fundraising
Grants
2
Interest
Sale of Asset
PAYMENTS
Staffing Costs
3
Rent, Rates & Bond
Utilities
Insurance
Professional Fees/Licences
Travel Expenses
Volunteer Costs
Other Shop Running Costs
Christmas Hampers
Other Charitable Expenses
Office Costs
Maintenance and Refurbishment
Motor Running Cost
Van
Bank Charges
Surplus/(Deficit) for the year
Net Surplus/(Deficit)
Funds Transfer
Cash & Bank Balances brought forward
Cash and Bank Balances carried forward		 2025
2025
2025
2024
2024
2024
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
£
£
£
£
£
£
4,003
-
4,003
4,813
-
4,813
8,490
1,000
9,490
3,274
-
3,274
598
-
598
4,992
-
4,992
-
33,902
33,902
6,000
28,403
34,403
446
-
446
408
-
408
1,250
-
1,250
-
-
-
14,787
34,902
49,689
19,487
28,403
47,890
5,806
13,233
19,039
3,093
14,229
17,322
2,915
5,551
8,466
1,435
5,765
7,200
1,234
2,404
3,638
-
3,221
3,221
540
681
1,221
46
783
829
298
190
488
-
460
460
-
-
-
-
271
271
94
183
277
-
756
756
98
-
98
-
82
82
396
1,233
1,629
426
1,094
1,520
28
95
123
-
225
225
250
487
737
-
394
394
75
-
75
-
460
460
220
800
1,020
-
954
954
4,000
1,000
5,000
-
-
-
72
-
72
76
29
105
16,026
25,857
41,883
5,076
28,723
33,799
(1,239)
9,045
7,806
14,411
(320)
14,091
(1,239)
9,045
7,806
14,411
(320)
14,091
-
-
-
494
(494)
-
29,012
652
29,664
14,107
1,466
15,573
27,773
9,697
37,470
29,012
652
29,664

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The notes on page 12-14 form part of these financial statements.

Kingstrust Network CIO

Charity No: 1161181

Statement of Assets and Liabilities As at 31 March 2025

Notes
Monetary Assets
HSBC– Current Account
HSBC– Savings Account
Cash in hand
Total Monetary Assets
Comprising:
Unrestricted Funds
Restricted Funds
4
Non Monetary Assets and Liabilities
Fixed Assets for the Charity's use (at cost)
Computer Equipment
CCTV
Van
Van - 2024
Vacuum - Henry
Large Storage Cupboard
3 Sofas & 6 Chairs
Freezer
Microwave
Printer
Laptop
ThinkPad - Lenovo
Creditors
Commission Payable
Trustees Loans/Outstanding Expenses
6
Accounts Fee
Pension - Nest		 2025
2024
£
£
827
1,467
36,643
28,197
-
-
37,470
29,664
27,773
29,012
9,697
652
37,470
29,664
-
-
-
-
1,750
1,750
5,000
-
129
129
300
300
945
945
389
389
191
191
120
120
125
125
170
170
9,119
4,119
-
-
-
-
(360)
(360)
(92)
(62)
(452)
(422)

These financial statements were approved by the committee on ___ and signed on its behalf by: _____Annette Jarvis, Chairperson ________Timothy Jarvis, Treasurer

The notes on page 12-14 form part of these financial statements.

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Kingstrust Network CIO

Charity No: 1161181

Notes to the Financial Statements For the year ended 31 March 2025

Notes

1 Basis of Preparation

These accounts have been prepared on a receipts and payments (R&P) basis in line with charity commission guidance for a charity of this size.

The comparative figures relate to the year ending 31 March 2024.

2
Grants
Roos Wind Farm Community
Benefit Fund
East Riding of Yorkshire
Council – Warm Spaces
Tesco – Groundworks
Trusthouse Charitable
Foundation
Garfield Weston Foundation
Allen Lane Foundation
The National Lottery
Community Fund
Two Ridings Foundation
Hull & East Riding Charitable
Trust
Leathersellers Foundation		 2025
2025
2025
2024
2024
2024
Unrestrict
ed
Restricted
Total
Unrestricted
Restricted
Total
£
£
£
£
£
£
-
-
-
-
2,742
2,742
-
-
-
-
405
405
-
-
-
-
500
500
-
-
-
-
10,000
10,000
-
5,000
5,000
-
5,000
5,000
-
-
-
6,000
-
6,000
-
19,402
19,402
-
9,756
9,756
-
2,000
2,000
-
-
-
-
2,500
2,500
-
-
-
-
5,000
5,000
-
-
-
-
33,902
33,902
6,000
28,403
34,403

3 Staffing Costs

Staffing Costs

2025 2024
£ £
19,039 17,322
19,039 17,322

Notes to the Financial Statements

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Kingstrust Network CIO

For the year ended 31 March 2025

4 Restricted Funds
Opening Transfers Closing
Balance at Receipts Payments Between Balance at
01/04/24 Funds 31/03/25
£ £ £ £ £
Two Ridings Community
Foundation - 2,000 (2,000) - -
Hull & East Riding Charitable
Trust - 2,500 (2,500) - -
Leathersellers Foundation - 5,000 (5,000) - -
FP Finn - 1,000 (1,000) - -
Garfield Weston Foundation 546 5,000 (5,546) - -
National Lottery 106 19,402 (9,811) - 9,697
652 34,902 (25,857) - 9,697

A brief description of the restricted funds are shown below:

Two Ridings Community Foundation

A restricted grant of £2,000 was received from Two Ridings Community Foundation as part of the Cost of living grant, these funds are to be used to help to pay towards the heating bills.

National Lottery Community Foundation

A restricted grant of £19,402 was received from the National Lottery Community Fund to help towards general running costs of the charity.

Garfield Weston Foundation

A restricted grant of £5,000 was received from the Garfield Weston Foundation to help with charities core running costs.

Hull & East Riding Foundation Trust

A restricted grant of £2,500 was received from the Hull & East Riding Foundation Trust to help with charities core running costs.

Leathersellers Foundation Trust

A restricted grant of £5,000 was received from the Leathersellers Foundation Trust to help with charities core running costs.

FP Finn

A restricted donation of £1,000 was received from the FP Finn to help with costs of a new second hand van.

5 Taxation

The Charitable Incorporated Organisation (CIO) is a registered charity, registration number 1161181. All the CIO’s income is applied to its charitable objectives and the Charity is therefore exempt under current legislation from most forms of taxation.

Notes to the Financial Statements

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Kingstrust Network CIO

Charity No: 1161181

For the year ended 31 March 2025

6 Trustee Remuneration

Tim Jarvis has purchased goods £10.79, which was personal, paid back after year end. (2024: £34).

There were no other reimbursement of travel expenses to Trustees paid during the year or in the prior year

7 Related Party Transactions

Tim Jarvis, Treasurer is the husband of Annette Jarvis the Chair.

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