Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 16 02 2022 To 15 02 2023
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 43 financial grant requests during the year, including 20 from new applicants, 9 from applicants under the age of 50 and 2 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 maintain 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 10/05/23
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THE KINGSTON TRUST CIO Charity Number 1173190
FINAL ANNUAL ACCOUNTS 16 FEBRUARY 2022 TO 15 FEBRUARY 2023
THE KINGSTON TRUST CIO
STATEMENT OF FINANCIAL ACTIVITIES
16 FEBRUARY 2022 TO 15 FEBRUARY 2023
| TOTAL FUNDS NOTE 2023 INCOMING RESOURCES Incoming resources from generating funds Voluntary income 2 0 Investment income 3 68,135 TOTAL INCOMING RESOURCES 68,135 RESOURCES EXPENDED Charitable activities 4 -28,877 Governance costs 5 -17,182 TOTAL RESOURCES EXPENDED -46,058 NET INCOMING RESOURCES BEFORE OTHER RECOGNISED GAINS AND LOSSES 22,077 OTHER RECOGNISED GAINS AND LOSSES Investment Gains/(Losses) Unrealised 7 -61,629 TOTAL RECOGNISED GAINS AND LOSSES -61,629 NET MOVEMENT IN FUNDS -39,552 RECONCILIATION OF FUNDS 2,638,781 TOTAL FUNDS CARRIED FORWARD 2,599,228 |
TOTAL FUNDS 2022 0 66,003 |
|---|---|
| 66,003 | |
| -30,568 -14,633 |
|
| -45,201 | |
| 20,801 64,238 |
|
| 64,238 | |
| 85,039 | |
| 2,553,742 | |
| 2,638,781 |
THE KINGSTON TRUST CIO
BALANCE SHEET
16 FEBRUARY 2022 TO 15 FEBRUARY 2023
| TOTAL FUNDS NOTE 2023 FIXED ASSETS Tangible assets (Net Book Value) 6 0 Investments 7 2,470,862 NET FIXED ASSETS 2,470,862 CURRENT ASSETS 8 128,809 CREDITORS Amounts falling due within one year 9 -443 NET CURRENT ASSETS 128,366 TOTAL ASSETS LESS CURRENT LIABILITIES 2,599,228 NET TOTAL ASSETS - 10 2,599,228 FUNDS Unrestricted income funds 11 2,599,228 TOTAL FUNDS 2,599,228 |
TOTAL FUNDS 2022 0 2,532,491 |
|---|---|
| 2,532,491 106,869 -579 |
|
| 106,290 | |
| 2,638,781 | |
| 2,638,781 | |
| 2,638,781 | |
| 2,638,781 |
These financial statements were approved by the members of the Trust on 25th March 2023 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 2022 TO 15 FEBRUARY 2023
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 2023 0.00 0 67,621 408 106 68,135 28,877 8,812 0 927 1,058 0 0 1,463 0 2,821 902 922 0 276 17,182 |
Total Funds 2022 0 |
|---|---|---|
| 0 | ||
| 65,991 10 1 |
||
| 66,003 | ||
| 30,568 | ||
| 8,196 0 845 220 0 0 1,382 0 2,821 843 55 0 271 0 |
||
| 14,633 |
THE KINGSTON TRUST CIO
STATEMENT OF FINANCIAL ACTIVITIES
16 FEBRUARY 2022 TO 15 FEBRUARY 2023
NOTES TO THE FINANCIAL STATEMENTS (continued)
6 TANGIBLE FIXED ASSETS
| Office Equipment COST At 15 February 2022 1,438 Additions Disposals 0 At 15 Feb 2022 1,438 DEPRECIATION At 15 February 2022 1,438 Charge for the year 0 On disposals At 15 Feb 2023 1,438 NET BOOK VALUE At 15 Feb 2023 0 7 INVESTMENTS Movement in fund value 2023 Market value at February 2022 2,532,491 Transfer of funds from COIF Deposit Account Transfer of funds from Cash at Bank Unrealised gains/losses in market value during year -61,629 Market value at 15 February 2023 2,470,862 Analysis of investments at 15 Feb 2022 between funds Total Funds 2023 Linked investments UK Government Bonds 360,871 UK quoted investments 2,090,863 2,451,734 Other investments UK cash held as part of Portfolio 19,128 Market value at 15 February 2023 2,470,862 8 CURRENT ASSETS Cash in Bank - Current 37,406 Cash in Bank - Savings 80,418 COIF Deposit Account 10,985 128,809 |
2022 2,468,253 64,238 |
|---|---|
| 2,532,491 | |
| Total Funds 2022 387,452 2,120,764 |
|
| 2,508,216 24,275 |
|
| 2,532,491 | |
| 35,980 60,010 10,879 |
|
| 106,869 |
THE KINGSTON TRUST CIO
STATEMENT OF FINANCIAL ACTIVITIES
16 FEBRUARY 2022 TO 15 FEBRUARY 2023
NOTES TO THE FINANCIAL STATEMENTS (continued)
| 9 CREDITORS Amounts falling due within one year PAYE/NI - Jan 23 IA Advertising Space - Dec 10 UNRESTRICTED INCOME FUNDS 11 Total funds |
2023 -443 -443 Balance B/F 15-Feb-22 2,638,781 |
2022 -137 -443 -579 Incoming resources -39,552 |
Balance at 15-Feb-23 |
|---|---|---|---|
| 2,599,228 |
THE KINGSTON TRUST CIO Charity Number 1173190 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KINGSTON TRUST CIO R8spectlve responsibilities of trustees and examiner The charity's tTUStees are responsible for the preparation of the accounts. The charity's tntS consider thal an audit is not required for this year under section 14412) of the Charities Act 2011 (the 2011 Act} and that a:. independent examinalion is needed. Independent examIneS report to the tntstees of Kingston Trust cio I r8POrt to the trustees on my examination of the a¢¢ounts of the lfjngston Tnjst CIO (the Trust) for the year ended 15 February 2023. Responsibilitieg and basis of report As the charity trustees of the Tntst you are responsible for the preparation of the a¢cwnts in acwdan¢e with the quirements of the Chatities Act 2011 ('the Arti. I report in respect of my examination of the Trusvs accounts carried out under section 145 of the 2011 Act and in carrying out my examinats.on I have followed all the applicable Directions gNen by the Charty Cornmission under section 145(5}(b) of the A¢L Indep¢ndent eXaMineS statement I have completed my examination. I confim) that no material matters have come to my attention in connection with the examination giwng cause to believe that in any matertal respect 1. accounting records were not kept in resKrt of the Trust as required by Section 130 of the ACL or 2. the accounts do not accord with those records. I have no concerns and have conE across no other matters in connection wtth the examination to whh attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Name: Stafford NapEr Address: Foundry House Dummer Basingstoke RG25 2AG Date. V-