THE FOXLEY KINGHAM ANNIVERSARY FOUNDATION
ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
Registered Charity Number: 1177515
THE FOXLEY KINGHAM ANNIVERSARY FOUNDATION
REPORT OF THE TRUSTEES for the Period Ended 31 March 2024
The Trustees prepare their annual report with the accounts of the charity for the period ended 31 March 2024.
TRUSTEES: Miss T Aldwin, Chairperson Mr S Mason, Treasurer Mr P Bithrey Mr D Fletcher Mr J Richardson Mr Z Hussain Mrs C Boston (resigned 23/06/2024) Dr M A Malcolm CHARITY NUMBER: 1177515 PRINCIPAL ADDRESS Foxley Kingham 260-270 Butterfield Great Marlings Luton Bedfordshire LU2 8DL
2
THE FOXLEY KINGHAM ANNIVERSARY FOUNDATION
Trustees report For the period ended 31 March 2024
Structure, governance and management
The Foxley Kingham Anniversary Foundation is a charitable incorporated organisation, registered on 13 March 2018 and governed by its constitution.
The charity was formed to commemorate the 50th anniversary of Foxley Kingham Chartered Accountants and a desire to give back to the community in and around Bedfordshire on which the success of the firm has been built.
Trustees are appointed by resolution from the board of FKCA Limited (trading as Foxley Kingham) and the wider business community. The minimum number of trustees is 3; at least 50% of trustees must be directors of FKCA Limited and there must be at least one independent trustee. Following a new appointment, the appointed trustee receives a copy of the charity constitution and an induction covering the activities of the organisation and governance matters.
The charity is operated on a day to day basis by a committee of Foxley Kingham staff who organise fund raising events and review funding applications from registered charities.
Each year a theme or work area is selected for the coming financial year and applications are welcomed from charities working within the chosen theme. Following consideration, the committee put proposals for charity partners forward to the board of trustees for approval. Final distributions to the charity partners are dependent upon the amount of funds raised and approved by the board of trustees at the end of the financial year.
The board of trustees meet 3-4 times per year, depending on requirements. Charity Partners and final grant payments are authorised by the trustee board, with ad hoc expenditure authorised by two trustees as required.
Objectives and activities
The charity’s objects are to advance such charitable purposes (according to the law of England and Wales) as the Trustees see fit from time to time for the public benefit by the providing of grants, in particular but not exclusively in the county of Bedfordshire.
Each year the charity sets out to raise funds to be distributed to a number of registered charities who operate within the local area in line with the annual theme. Applications and nominations for support were sought from clients, staff and contacts, as well as publication online and in local press. A full programme of events is organised by the charity committee during each period in order to raise funds for distribution.
Public benefit
The Trustees have read the general guidance provided by the Charities Commission with regard to a statement on the benefit of the public. The charity has established activities to achieve its objectives for the public benefit. The charity aims to achieve these objectives by making donations to registered charities in the county of Bedfordshire.
3
THE FOXLEY KINGHAM ANNIVERSARY FOUNDATION
Trustees report (continued) For the period ended 31 March 2024
Achievements and performance
The fundraising theme selected for the financial year of 2023/24 was homelessness which has been a problem in and around Luton for many years. We anticipated that this would be an issue that could worsen with the rising cost of living over the past years. During the year, due to a number of factors, fundraising was much lower in the year and so the Trustees chose to continue the theme into the next financial year.
In light of this theme the Trustees nominated Noah Enterprise as the chosen charity for the year. Noah Enterprise offer hope and support to people struggling against homelessness and exclusion across Bedfordshire.
During the year we were pleased to distribute £13,000 of funds raised in 2022/23 to charities working within the theme of mental health.
Financial review
Expenditure exceeded receipts in the year by £11,668 (2023: receipts exceeded expenditure by £14,468). At the year end this left cash funds totalling of £3,407.
Reserves policy
The charity intends to hold a minimal level of reserves, sufficient to cover the administrative costs of the charity (i.e. insurance and bank charges).
Future Developments
The Trustees have chosen to continue to support Noah Enterprise for 2024/25, and an interim donation was given for £3,000 in April 2024. Further events are planned for the financial year where we hope to raise more monies for this fantastic charity.
Going concern
The charity operates with minimal overheads and the trustees are confident that it has sufficient resources to continue for a period of at least 12 months from the date of signing these accounts.
ON BEHALF OF THE BOARD:
Tara Aldwin - Chairperson
DATE: 23 January 2025
4
THE FOXLEY KINGHAM ANNIVERSARY FOUNDATION
Receipts and Payments account For the year ended 31 March 2024
| Receipts Donations (Note 1) Ticket sales (Note 2) Gift aid Payments Fundraising payments Event costs (Note 4) PayPal charges Charitable payments Donations (Note 3) Insurance Bank charges Total payments (Excess of payments over receipts) / Receipts in excess of payments |
Unrestricted 2024 Unrestricted 2023 £ £ 1,990 7,894 721 840 - 5,984 |
|---|---|
| 2,711 14,718 410 - 53 130 |
|
| 463 130 |
|
| 13,000 - 796 - 120 120 |
|
| 13,916 120 |
|
| 14,379 250 |
|
| (11,668) 14,468 |
5
THE FOXLEY KINGHAM ANNIVERSARY FOUNDATION
Statement of assets and liabilities As at 31 March 2024
| UNRESTRICTED CASH FUNDS Bank accounts Cash and cash equivalents Total unrestricted cash funds UNRESTRICTED LIABILITIES FKCA Limited (note 5) Total liabilities |
2024 2023 £ £ 3,389 14,257 18 817 |
|---|---|
| 3,407 15,074 |
|
| - £772 |
|
| - £772 |
Signed on behalf of the trustees
………………………………………………… Mr S Mason – Treasurer DATE: 23 January 2025
6
THE FOXLEY KINGHAM ANNIVERSARY FOUNDATION
Notes to the financial statements As at 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Note 1 – Donation | ||
| Donations and sponsorships | 1,990 | 7,164 |
| Corporate donations – FKCA Limited | - | 730 |
| 1,990 | 7,894 | |
| 2024 | 2023 | |
| £ | £ | |
| Note 2 – Ticket sales | ||
| Event ticket sales | 255 | 770 |
| Raffle ticket sales |
466 | 70 |
| 721 | 840 | |
| 2024 | 2023 | |
| £ | £ | |
| Note 3 – Donations | ||
| Mind BLMK | 4,500 | - |
| Bedfordshire Hospitals NHS Charity | 4,000 | - |
| Chums Charity | 4,500 | - |
| 13,000 | - | |
| 2024 | 2023 | |
| £ | £ | |
| Note 4 – Event expenses | ||
| Event hire | 410 | - |
| 410 | - | |
| 2024 | 2023 | |
| £ | £ | |
| Note 5 – Costs incurred on behalf of the charity | ||
| (to be reimbursed to FKCA Limited) | ||
| Event costs | - | 410 |
| Insurance | - | 372 |
| - | 772 |
7