REGISTERED COMPANY NUMBER: CE021700 (England and Wales) REGISTERED CHARITY NUMBER: 1189265
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 April 2022
for
Kennedy St Foundation
Style Accountants Limited Bank House Southwick Square Southwick West Sussex BN42 4FN
Kennedy St Foundation
Contents of the Financial Statements for the Year Ended 30 April 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
Kennedy St Foundation
Report of the Trustees
for the Year Ended 30 April 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our Vision - Sustainable Recovery
To create a sustainable, visible recovery community that promotes inclusiveness and combats stigma through community integration.
Our Purpose - Inspire Freedom and Hope
To promote recovery from addiction, improving health and wellbeing and encouraging social inclusion, through education, training, and personal development.
Significant activities to achieve our purpose
We achieve our purpose by providing a mix of telephone and online support, workshop-based learning, and recovery coaching; linking people to peer supporters to build a long-term connection to other people in the recovery community. Our services include:
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Helpline
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1-2-1 Recovery Coaching
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Training and Development to promote recovery
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Workplace training
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Shows and podcasts
Public benefit
We focus on reaching people in need.
Our website has a wealth of useful resources to support those in need and their loved ones . We want to raise awareness of the hope that recovery can bring and the part that Kennedy St Foundation can play in helping people to recover from addiction. By putting the person and their assets at the centre of their recovery, we aim to build a future of hope, not despair.
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Kennedy St Foundation
Report of the Trustees
for the Year Ended 30 April 2022
OBJECTIVES AND ACTIVITIES
Future plans
Increasing our reach - Throughout this year we are focusing on reaching more people in need and are launching a social media campaign with talks, podcasts and infomercials. We want to raise awareness of the hope that recovery can bring, and the part that Kennedy St Foundation can play in helping people to recover from addiction.
Increasing our capacity - We have already expanded our team, with part time roles for volunteer coordination and operations support. We have expanded the number of volunteers we have in place to support people and have grown a team of volunteers who are helping streamline our operations, marketing and governance.
Increasing our income - We are setting ambitious targets to bring in more income this year, through fundraising, workplace training and donations. We have successfully grown our grant income this year already by 120 % from when we operated as a CIC, thanks to an increase in funding opportunities for charities and the support of our funding partners.
Our Volunteers
We want to give a huge thank you to all of those who have volunteered their time this challenging year - we literally could not do what we do without you.
Our Funders
We work with a range of sponsors who support us in a variety of ways, fundraising on our behalf, provide space, business resources, or provide actual business volunteers. We'd like to thank:
The National Lottery Community Fund
Arnold Clarke Foundation
BHCC
Enjoolata Foundation
Ernest Kleinwort Charitable Trust
Groundwork- Comic Relief
Henry Smith Charitable Trust
Pebble Trust
Postcode Society Trust
The Mercer Company: www.mercers.co.uk/philanthropy
Garfield Western: www.garfieldweston.org
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Kennedy St Foundation
Report of the Trustees
for the Year Ended 30 April 2022
OBJECTIVES AND ACTIVITIES
Sussex Police and Crime Commissioner Fund: www.sussex-pcc.gov.uk/get-involved/apply-for-funding
Sussex Community Foundation: www.sussexgiving.org.uk
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE021700 (England and Wales)
Registered Charity number
1189265
Registered office
Bank House Southwick Square Southwick West Sussex BN42 4FN
Trustees
Ms L Lemay Hutchinson Ms K R Russell Ms A Walton
Independent Examiner
A J Style FCCA Style Accountants Limited Bank House Southwick Square Southwick West Sussex BN42 4FN
Approved by order of the board of trustees on 28 July 2022 and signed on its behalf by:
Ms A Walton - Trustee
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Independent Examiner's Report to the Trustees of Kennedy St Foundation
Independent examiner's report to the trustees of Kennedy St Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
A J Style FCCA Style Accountants Limited Bank House Southwick Square Southwick West Sussex BN42 4FN
28 July 2022
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Kennedy St Foundation
Statement of Financial Activities for the Year Ended 30 April 2022
| Period | |||||
|---|---|---|---|---|---|
| 29.4.20 | |||||
| Year Ended | to | ||||
| 30.4.22 | 30.4.21 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 13,990 | 54,508 | 68,498 | 85,079 | |
| EXPENDITURE ON | |||||
| Other | 5,407 | 70,924 | 76,331 | 29,554 | |
| NET INCOME/(EXPENDITURE) | 8,583 | (16,416) | (7,833) | 55,525 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 11,289 | 44,236 | 55,525 | - | |
| TOTAL FUNDS CARRIED FORWARD | 19,872 | 27,820 | 47,692 | 55,525 |
The notes form part of these financial statements
Page 5
Kennedy St Foundation
Balance Sheet
30 April 2022
| 30.4.22 | 30.4.21 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Cash at bank | 22,872 | 28,689 | 51,561 | 57,100 | |
| CREDITORS | |||||
| Amounts falling due within one year | 5 | (3,000) | (869) | (3,869) | (1,575) |
| NET CURRENT ASSETS | 19,872 | 27,820 | 47,692 | 55,525 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 19,872 | 27,820 | 47,692 | 55,525 | |
| NET ASSETS | 19,872 | 27,820 | 47,692 | 55,525 | |
| FUNDS | 6 | ||||
| Unrestricted funds | 19,872 | 11,289 | |||
| Restricted funds | 27,820 | 44,236 | |||
| TOTAL FUNDS | 47,692 | 55,525 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
Kennedy St Foundation
Balance Sheet - continued
30 April 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 28 July 2022 and were signed on its behalf by:
A Walton - Trustee
The notes form part of these financial statements
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Kennedy St Foundation
Notes to the Financial Statements
for the Year Ended 30 April 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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Kennedy St Foundation
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2022 nor for the period ended 30 April 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2022 nor for the period ended 30 April 2021.
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Period 29.4.20 Year Ended to 30.4.22 30.4.21 Employees 1 1 No employees received emoluments in excess of £60,000. 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total fund fund funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,579 68,500 85,079 EXPENDITURE ON Other 5,290 24,264 29,554 NET INCOME 11,289 44,236 55,525 TOTAL FUNDS CARRIED FORWARD 11,289 44,236 55,525 |
Period 29.4.20 Year Ended to 30.4.22 30.4.21 Employees 1 1 No employees received emoluments in excess of £60,000. 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total fund fund funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,579 68,500 85,079 EXPENDITURE ON Other 5,290 24,264 29,554 NET INCOME 11,289 44,236 55,525 TOTAL FUNDS CARRIED FORWARD 11,289 44,236 55,525 |
Period 29.4.20 Year Ended to 30.4.22 30.4.21 Employees 1 1 No employees received emoluments in excess of £60,000. 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total fund fund funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,579 68,500 85,079 EXPENDITURE ON Other 5,290 24,264 29,554 NET INCOME 11,289 44,236 55,525 TOTAL FUNDS CARRIED FORWARD 11,289 44,236 55,525 |
|---|---|---|
| 55,525 | ||
| 55,525 |
continued...
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Kennedy St Foundation
Notes to the Financial Statements - continued
for the Year Ended 30 April 2022
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 30.4.22 | 30.4.21 | ||
|---|---|---|---|
| £ | £ | ||
| Social security and other taxes | 868 | 495 | |
| Other creditors | 1 | - | |
| Accrued expenses | 3,000 | 1,080 | |
| 3,869 | 1,575 | ||
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1.5.21 | in funds | 30.4.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 11,289 | 8,583 | 19,872 |
| Restricted funds | |||
| Restricted fund | 44,236 | (16,416) | 27,820 |
| TOTAL FUNDS | 55,525 | (7,833) | 47,692 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 13,990 | (5,407) | 8,583 |
| Restricted funds | |||
| Restricted fund | 54,508 | (70,924) | (16,416) |
| TOTAL FUNDS | 68,498 | (76,331) | (7,833) |
6. MOVEMENT IN FUNDS
continued...
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Kennedy St Foundation
Notes to the Financial Statements - continued
for the Year Ended 30 April 2022
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| in funds | 30.4.21 | ||
| £ | £ | ||
| Unrestricted funds | |||
| General fund | 11,289 | 11,289 | |
| Restricted funds | |||
| Restricted fund | 44,236 | 44,236 | |
| TOTAL FUNDS | 55,525 | 55,525 | |
| Comparative net movement in funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 16,579 | (5,290) | 11,289 |
| Restricted funds | |||
| Restricted fund | 68,500 | (24,264) | 44,236 |
| TOTAL FUNDS | 85,079 | (29,554) | 55,525 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2022.
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Kennedy St Foundation
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 30 April 2022 | ||
| Period | ||
| 29.4.20 | ||
| Year Ended | to | |
| 30.4.22 | 30.4.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 13,990 | 16,579 |
| Grants | 54,508 | 68,500 |
| 68,498 | 85,079 | |
| Total incoming resources | 68,498 | 85,079 |
| EXPENDITURE | ||
| Other | ||
| Wages | 30,000 | 2,500 |
| Pensions | 594 | - |
| Volunteers expenses | 7,193 | 5,157 |
| Business mentor | 10,044 | 6,650 |
| Administration costs | 3,787 | 1,050 |
| Meeting room rent | 398 | 532 |
| Office costs and equipment | 3,175 | 1,439 |
| Telephone | 1,548 | 582 |
| Postage and stationery | - | 280 |
| Marketing | 6,887 | 9,145 |
| Computer costs | 4,024 | 694 |
| Motor epenses | 4,106 | 267 |
| Rates and water | - | 75 |
| Fundraising regulator | - | 50 |
| Bank charges | - | 3 |
| Accountancy | 4,284 | 1,080 |
| Sundries | - | 50 |
| Insurance | 291 | - |
| 76,331 | 29,554 | |
| Total resources expended | 76,331 | 29,554 |
| Net (expenditure)/income | (7,833) | 55,525 |
This page does not form part of the statutory financial statements
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