## **THE WELL KIBWORTH (CIO)**
Charity No 1179660
## **TRUSTEES REPORT FOR THE YEAR TO 31[ST] DECEMBER 2022**
## **PRINCIPAL ADDRESS:**
45 High Street, Kibworth Beauchamp, Leicester, LE8 0HS
## **TRUSTEES:**
Rev’d Mary J Ireland (Chair) Mr Peter Hayes Treasurer until Jan 2022 Mrs Christine Pierce resigned May 2022 Mr Jamie T Witcombe resigned October 2022 Mr James Hunt resigned October 2022 Mr Peter Thorn Mrs Sue Wyburn Mrs Anne Gregory-Reid Mrs Anne Headley Treasurer from Jan 2022 Ms Melanie Wheeler nominated September 2022 Mr Richard Davis appointed December 2022
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is a Charitable Incorporated Organisation (CIO), registered on 24[th] August 2018. Its governing document is the Constitution dated 1[st] June 2018. The CIO took over the assets, liabilities, contracts and operations of unincorporated charity no. 1125246, also named The Well Kibworth, as at 1[st] January 2019 in accordance with a Resolution of the members of the unincorporated charity at its AGM on 3[rd] May 2018.
The schedule of Trustees above shows the changes in trusteeship during the year.
The members of the CIO, as per paragraph 16 of its Constitution (the Constitution), are its trustees for the time being. The Constitution sets out an initial term of office for each trustee following which a trustee may be re-appointed to a maximum term of four years. New trustees are appointed for an initial term of four years. As well as appointed trustees, the Constitution allows for the church councils of St Wilfrid’s, Kibworth and Kibworth Methodist Church to each nominate one trustee, again for a period of four years. Rev’d Mary Ireland (Chair) is the nominee for St Wilfrid’s, Kibworth and Ms Melanie Wheeler is the Kibworth Methodist Church nominee. Mr Peter Hayes stepped down as Treasurer in January 2022 and remains a trustee. The Well is very grateful to Peter for all his considerable work as Treasurer, and for his continuing guidance and support. Mrs Anne Headley has taken over the duties of Treasurer from January 2022. In December 2022 the Trustees agreed to the reappointment of Mr R Davis who will become the Vice Chair.
## **OBJECTIVES AND ACTIVITIES**
The principal object of the charity is to advance the Christian faith in the villages of Kibworth and the surrounding area by the provision of facilities for the social welfare of individuals. This has continued through daily prayer and through the welcome to all, provided in the Coffee Shop and Charity Shop, as well as through more focussed activities such as Dementia group and, from the start of lockdown in March 2020, a foodbank facility. The work of the foodbank, initially set up in response to Covid, has continued and expanded due to the current cost of living crisis. The café is now a member of the Chatty Café scheme.
## **ACHIEVEMENTS AND PERFORMANCE**
The Well is firmly established within the community and continues to provide an essential facility. The trustees meet regularly to review the operation and progress of The Well and, individually, undertake voluntary duties as they are able.
Christine Faulconbridge, appointed as Outreach Manager from July 2021 left The Well in the summer of 2022 as part of a management restructure. Nicky Scarr continues in her role Café Manager and Andy Wright in the full-time position as Operations Manager. All three managers have made a very positive contribution to the work of The Well and the Trustees are extremely grateful to them for their hard work and commitment to the success of The Well. A generous three-year grant from the FiftyFour Two Foundation has allowed the Trustees the financial freedom to invest more in management support and this has proved to be a very positive step forward.
Income from the shop and café continues to grow steadily and the trustees wish to record their thanks to the staff and all the volunteers who work so hard in the shop, café and foodbank. Going forward the intention is to increase the opening hours of the shop and café, introducing a Saturday morning. This is however dependent on having sufficient willing volunteers. Recruiting and retaining volunteers remains a challenge for the trustees.
The foodbank continues to occupy the ground floor of 47 High Street, next door to The Well’s main premises, supported by grants from Leicestershire County Council (LCC) as well as individual and corporate donations. The lease has now been formalised and arrears of rent have been settled.
The foodbank is now operating in partnership with the South Leicestershire Foodbank. The new system allows greater opportunity to engage with clients and signpost to support services, making referrals where necessary.
Partner organisations make use of the café and sanctuary to meet with clients in the now well-established Thursday drop-ins.
## **FINANCIAL ACCOUNTING POLICY**
In accordance with Charity Commission guidelines, accounts are prepared on a cash accounting basis. Alongside this Report, please also see the Statement of Financial Activities (SOFA) and Balance Sheet, the Notes to the Accounts and the Independent Examiner’s Report.
## **FINANCIAL REVIEW**
The Well’s main sources of income are from the café and charity shop as well as grants and donations. The shop and café income has continued to grow through 2022 and individual donors to The Well have continued to give generously with both financial and food contributions. Without this support and that of the LCC and FiftyFour Two Foundation, The Well could not continue to offer its current level of service.
The charity’s funds are invested in accounts with HSBC UK Bank and Market Harborough Building Society.
Approved by the trustees on 6 February 2022 and signed on behalf of the trustees.
**THE WELL KIBWORTH (CIO)**
**Charity No 1179660**
## **NOTES TO THE ACCOUNTS – 31ST DECEMBER 2022**
## 1. **Accounting policies**
- (a) Basis of accounting. These accounts have been prepared on a cash accounting basis.
- (b) Recognition of incoming resources.
- (i) Gifts in kind for sale or distribution are included in the accounts as gifts only when sold by the charity.
- (ii) Grants and donations are only included in the Statement of Financial Affairs (SOFA) when the charity has either unconditional entitlement to the resources or entitlement subject to the restricted use as allocated in the SOFA..
- (iii) Money raised or donated for particular purposes is described as ‘segregated’.
- (iv) Receipts from tax reclaims are included in the SOFA when the tax is reclaimed.
## **2. Points of Note**
The lease for No 47 has been signed and all arrears of rent settled.
The Well aims to keep a general reserve of at least 6 months running costs. This would be a minimum of £36,000. In addition trustees have agreed to set aside £5000 each year in an asset renewal reserve to cover the costs of major equipment renewal or refurbishment if required.
At 2022 year end the general reserve was £39,699.
## **3. Trustees – Reimbursement of Expenses** 2022 2021
Number of trustees who were paid for 1 3 re-imbursement of out-of-pocket expenses
||**2022**
**£**|**2021**
**£**|
|---|---|---|
|Sundry Equipment|-|178|
|Maintenance|241|23|
|Miscellaneous costs|-|100|
|Foodbank Costs|695|333|
|**Total**|**936**|**634**|
## **THE WELL, KIBWORTH (CIO)**
## Charity No. 1179660
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2022**
|**2022**
General
Fund
Segregated
Funds
TOTAL
**INCOME**
Donations - individua
6988
6988
Donations - other
1000
284
1284
Foodbank Donations
10534
10534
Fund raising
0
Gift aid
1627
1364
2991
Charity Shop sales
19170
19170
Books & Cards
392
392
Coffee shop sales
45739
700
46439
Interest received
167
167
Other income
1182
21155
22337
76266
34038
110304
**EXPENDITURE**
Employee costs
27755
14464
42219
Staff costs- training c
230
230
Shop costs
122
122
Coffee shop purchas
16024
16024
Foodbank costs
4846
4846
Rent
7500
12835
20335
Rates and water
721
721
Cleaning
2789
2789
Waste disposal
626
626
Insurance
580
265
845
Heat and light
3012
3012
Telephone, Internet &
466
814
1281
Stationery, postage &
598
348
946
Sundry equipment
806
1809
2615
Miscellaneous
3700
1121
4820
Music Licence
341
341
Finance Charges
868
868
Asset Reserve
5000
-5000
0
Café Refurb. & re-op
1665
4267
5932
Repairs & Maintenan
3028
176
3204
75830
35945
111775
Net Surplus (-Shortfa
436
-1907
-1471|**2021**
General
Fund
Segregated
Funds
TOTAL
3289
881
4170
3010
3010
10329
10329
540.00
540
1053
1068
2121
12704
611
13315
290
290
17441
731
18172
166
166
6076
30839
36915|
|---|---|
||44569
44459
89028|
||13810
9942
23752
427
427
88
60
148
5115
5115
6942
6942
4500
4500
9000
529
213
742
893
266
1159
393
502
895
541
541
872
814
1686
651
566
1217
518
26
544
13
3399
3412
21
1798
1819
0
984
984
78
1654
1732|
||28022
32093
60115|
||16547
12366
28913|
## **THE WELL, KIBWORTH (CIO)** Charity No 1179660 **BALANCE SHEET FOR THE YEAR ENDED 31ST DECEMBER 2022**
## **ACCUMULATED FUNDS**
||||Restricte||
|---|---|---|---|---|
||General||d Funds||
||Fund|||TOTAL|
|Bt. Fwd. 1st January 2021||39263|37970|77233|
|Net Surplus (loss) 2022||436|-1907|-1471|
|Carried Fwd. 31st December|20|39699|36063|75762|
## **REPRESENTED BY**
|Market Harb.B.Soc. Instant Access||11024|11024|
|---|---|---|---|
|Market Harb.B.Soc. 60 Day Notice||13321|13321|
|HSBC Bank - Current Account|4596||4596|
|- Savings|35363|11718|47081|
|-Commercial card|-539||-539|
|PayPal|0||0|
|Cash in hand|279||279|
||39699|36063|75762|
|||Funds|||
|---|---|---|---|---|
|||Donated||Balance|
||Balance Bt.|or|Funds|c/fwd|
||Fwd.|Allocated|Used|31/12|
||1/1/2022|2022|2022|2022|
|**SEGREG**|||||
|**ATED**|||||
|**FUNDS**|||||
|Donation - CAP work|3212|0|0|3212|
|Donations - Dementia Café|488|100|97|491|
|LDBF grant - youth work|9|0|0|9|
|KBREF -re youthwork|500|0|0|500|
|Teamwork Club - Youth work|1043|0|0|1043|
|Kibworth Rotary Club re Girls G|250|0|0|250|
|LCC Community Grant re 47 Hi|5039|0|5039|0|
|HDC Covid grants 2021|870|0|870|0|
|LCC Community Grant 2021/22|7908|0|7908|0|
|LCC Community Grant 2022/23|0|5000|1260|3740|
|---|---|---|---|---|
|Wooden Spoon/Xmas Toys|579|500|1079|0|
|Foodbank Fund|13227|12616|9144|16700|
|Café Improvement Fund|3981|284|4266|-1|
|LCC Household Support Grant|864|0|864|0|
|LCC Household Support Grant|0|910|910|0|
|LCC Household Support Grant|0|2000|217|1783|
|Asset Reserve|0|5000|0|5000|
|FiftyFour Two Foundation|0|10000|6664|3336|
||37970|36410|38318|36063|
Independent examiner's report to the trustees of
The Well Kibworth (C.l.O.)
Charity no. 1179660
I port to the trustees on my examination of the accounts of The Well Kibworth (the Trust)
for the year ended 31 Dember 2022.
Responsibllltles and basis of report
As the charity trustees of the Trust you are resF)onsible for the preparation of the accounts in
accordan with the requirements of the Charities Act 2011 ('the Act'i.
I report in respect of my examination of thè Trust's accounts carried out under section 145 of
Ihe 2011 Act and in carrying out my examination I have followed all the appli¢able Directions
given by the Charity Commission under section 14515)(b) of the Act.
Independent oxamlneV8 Statement
I have completed my examination. I confimi that no material 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 respect of the Trust as required by section 130 of
the Act,. or
(2) the accounts do not accord with those records.
I have no concems 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.
Robert Tidd ACIB
63 Meadowbrook Road
Kibworth Beauchamp
Leicesler LE8 OHU
Date:
19 .January 2023