Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 16 02 2021 To 15 02 2022
Section A Reference and administration details
Charity name Other names charity is known by Registered charity number (if any) Charity's principal address
The Kingston Trust CIO
1173190
PO Box 6457 Basingstoke Postcode RG24 8LG
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|
| Julia Dook | Chair & Trustee | Trustees | |
| Brendan Moran | Trustee | Trustees | |
| Carolyn Stammers | Trustee | Trustees | |
| Zillah Leach | Trustee | Trustees | |
| Julia Taylor | Trustee | Trustees | |
| Pamela Webber | Trustee | Trustees | |
| Theresa Parr | Trustee | Trustees | |
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
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Names and addresses of advisers (Optional information)
Type of adviser Name Address Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document
Constitution (eg. trust deed, constitution) How the charity is constituted Trust (eg. trust, association, company) Applicants must comply with 9.2 Eligibility for Trusteeship within the Trustee selection methods Constitution (eg. appointed by, elected by) Applicants are interviewed and appointed by Trustees
Additional governance issues (Optional information)
The Business Plan and Policies now include the additional Objects stated You may choose to include within the Constitution for Charity No. 1173190 additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
The relief of those in need, particularly those over the age of 16, who have undergone surgical intervention as a result of, and for the relief of, Ulcerative Colitis, Crohn’s Disease, inflammation, injury or any other condition resulting in ileostomy or ileo-anal pouch procedures, in such charitable ways as the Trustees think fit, including the provision of grants, temporary accommodation and the sponsorship of research associated with an ileostomy or ileo-anal pouch.
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The Trustees continue to publicise the activities of The Kingston Trust CIO, Charity No. 1173190, at open events such as the Ileostomy and Internal Pouch Association and Member Groups throughout the UK, the Association of Stoma Nurse Conference with events in hospitals throughout the UK and Pouch Support Groups throughout the UK.
A Trustee is in attendance at these forum meetings, presenting and exhibiting the work of The Kingston Trust CIO and available in an advisory capacity.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
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Section D Achievements and performance
Summary of the main achievements of the charity during the year
The Kingston Trust CIO approved 41 financial grant requests during the year, including 23 from new applicants, 11 from applicants under the age of 50 and 1 with an ileo-anal pouch. The Kingston Trust CIO is also supporting research projects in association with BDRF and the Ileostomy and Internal Pouch Association.
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Section E Financial review
Brief statement of the charity’s policy on reserves
The Kingston Trust CIO is embracing the need to obtain a Reserve Bank Account in addition to money invested and managed by the Finance Advisors. The Trustees have identified the annual expenditure likely to be needed and this amount is being accumulated as the reserve.
Details of any funds materially in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Julia A Dook Barbara Foster Position (eg Secretary, Chair, Chair Secretary etc) Date 03-05-22
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THE KINGSTON TRUST CIO Charity Number 1173190
FINAL ANNUAL ACCOUNTS 16 FEBRUARY 2021 TO 15 FEBRUARY 2022
THE KINGSTON TRUST CIO
STATEMENT OF FINANCIAL ACTIVITIES
16 FEBRUARY 2021 TO 15 FEBRUARY 2022
| TOTAL FUNDS NOTE 2022 INCOMING RESOURCES Incoming resources from generating funds Voluntary income 2 0 Investment income 3 66,003 TOTAL INCOMING RESOURCES 66,003 RESOURCES EXPENDED Charitable activities 4 -30,568 Governance costs 5 -11,812 TOTAL RESOURCES EXPENDED -42,380 NET INCOMING RESOURCES BEFORE OTHER RECOGNISED GAINS AND LOSSES 23,622 OTHER RECOGNISED GAINS AND LOSSES Investment Gains/(Losses) Unrealised 7 64,238 TOTAL RECOGNISED GAINS AND LOSSES 64,238 NET MOVEMENT IN FUNDS 87,860 RECONCILIATION OF FUNDS 2,553,742 TOTAL FUNDS CARRIED FORWARD 2,641,602 |
TOTAL FUNDS 2021 0 67,121 |
|---|---|
| 67,121 | |
| -35,668 -15,892 |
|
| -51,560 | |
| 15,561 -123,097 |
|
| -123,097 | |
| -107,536 | |
| 2,493,203 | |
| 2,385,667 |
THE KINGSTON TRUST CIO
BALANCE SHEET
16 FEBRUARY 2021 TO 15 FEBRUARY 2022
| TOTAL FUNDS NOTE 2022 FIXED ASSETS Tangible assets (Net Book Value) 6 0 Investments 7 2,532,491 NET FIXED ASSETS 2,532,491 CURRENT ASSETS 8 106,869 CREDITORS Amounts falling due within one year 9 -579 NET CURRENT ASSETS 106,290 TOTAL ASSETS LESS CURRENT LIABILITIES 2,638,781 NET TOTAL ASSETS - 10 2,638,781 FUNDS Unrestricted income funds 11 2,641,602 TOTAL FUNDS 2,641,602 |
TOTAL FUNDS 2021 0 2,468,253 |
|---|---|
| 2,468,253 85,624 -135 |
|
| 85,489 | |
| 2,553,742 | |
| 2,553,742 | |
| 2,553,742 | |
| 2,553,742 |
These financial statements were approved by the members of the Trust on 5th March 2022 and signed on their behalf by:
Mrs J. Dook Chairman of the Board of Trustees
THE KINGSTON TRUST CIO
STATEMENT OF FINANCIAL ACTIVITIES
16 FEBRUARY 2021 TO 15 FEBRUARY 2022
NOTES TO THE FINANCIAL STATEMENTS
1 ACCOUNTING POLICIES
Basis of Accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value
Fixed Assets
All fixed assets are initially recorded at cost
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value over its useful economic life as follows: Office Equipment – 33.33% straight line basis
| 2 VOLUNTARY INCOME Donations Gifts TOTAL 3 INVESTMENT INCOME Investment Income Bank Interest receivable COIF interest receivable TOTAL 4 COSTS OF CHARITABLE ACTIVITIES Grants to individuals 5 GOVERNANCE COSTS Wages & salaries Employers NIC Telephone Printing, postage, stationery Legal Fees Conference fees and associated expenses Meeting and office expenses Depreciation Advertising Insurance Travel & Hotel Research Fees Bank Fees Sundries TOTAL |
Total Funds 2022 0.00 0 65,991 10 1 66,003 30,568 8,196 0 845 220 0 0 1,382 0 843 55 0 271 11,812 |
Total Funds 2021 0 |
|---|---|---|
| 0 | ||
| 67,093 29 |
||
| 67,121 | ||
| 35,668 | ||
| 8,600 0 808 1,564 0 48 1,426 0 2,881 687 -192 0 69 0 |
||
| 15,892 |
THE KINGSTON TRUST CIO
STATEMENT OF FINANCIAL ACTIVITIES
16 FEBRRUARY 2021 TO 15 FEBRUARY 2022
NOTES TO THE FINANCIAL STATEMENTS (continued)
6 TANGIBLE FIXED ASSETS
| Office Equipment COST At 15 February 2021 1,438 Additions Disposals 0 At 15 Feb 2022 1,438 DEPRECIATION At 15 February 2021 1,438 Charge for the year 0 On disposals At 15 Feb 2022 1,438 NET BOOK VALUE At 15 Feb 2022 0 7 INVESTMENTS Movement in fund value 2022 Market value at February 2021 2,468,253 Transfer of funds from COIF Deposit Account Transfer of funds from Cash at Bank Unrealised gains/losses in market value during year 64,238 Market value at 15 February 2022 2,532,491 Analysis of investments at 15 Feb 2022 between funds Total Funds 2022 Linked investments UK Government Bonds 387,452 UK quoted investments 2,120,764 2,508,216 Other investments UK cash held as part of Portfolio 24,275 Market value at 15 February 2022 2,532,491 8 CURRENT ASSETS Cash in Bank - Current 35,980 Cash in Bank - Savings 60,010 COIF Deposit Account 10,879 106,869 |
2021 2,591,350 -123,097 |
|---|---|
| 2,468,253 | |
| Total Funds 2021 453,299 1,990,322 |
|
| 2,443,621 24,632 |
|
| 2,468,253 | |
| 74,747 10,877 |
|
| 85,624 |
THE KINGSTON TRUST CIO
STATEMENT OF FINANCIAL ACTIVITIES
16 FEBRUARY 2021 TO 15 FEBRUARY 2022
NOTES TO THE FINANCIAL STATEMENTS (continued)
| 9 CREDITORS Amounts falling due within one year PAYE/NI - Jan 22 IA Advertising Space 10 UNRESTRICTED INCOME FUNDS 11 Total funds |
2022 -137 -443 -579 Balance B/F 15-Feb-21 2,553,742 |
2021 -135 -135 Incoming resources 87,860 |
Balance at 15-Feb-22 |
|---|---|---|---|
| 2,641,602 |
THE KINGSTON TRUST CIO
Charity Number 1173190
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE KINGSTON TRUST CIO
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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Independent examiner’s report to the trustees of Kingston Trust CIO
I report to the trustees on my examination of the accounts of the Kingston Trust CIO (the Trust) for the year ended 15 February 2022.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust’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 material 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 Trust 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:
Name: Stafford Napier Address: Foundry House Dummer Basingstoke RG25 2AG
Date: 20 April 2022