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 2024
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 2024
| 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 12 |
| Detailed Statement of Financial Activities | 13 |
Kennedy St Foundation
Report of the Trustees
for the Year Ended 30 April 2024
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 2024. 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 -
Hope
Recovery is possible. With the right support anyone can turn their life around. Connection
The opposite of addiction is connection. Together we can rebuild our lives. Visibility
Smashing stigmas, sharing our stories, and showing the world that recovery rocks
Significant activities to achieve our purpose
We achieve our purpose by providing a mix of workshop-based learning, sober social events, and peer mentoring; 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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Peer mentoring
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Connection to other services to aid recovery
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1-2-1 Recovery Coaching
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Training and Development to promote recovery
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Hiring to 12 step fellowship meetings
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Workplace training
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Sober social events and community cafe
In the year 1 May 2023 to 30 April 2024 we had 2087 visits to our recovery hub and supported 331 people on a recovery journey.
Public benefit
We provide support to people who need help to recover from drug and alcohol, and other addictions. Our focus is on recovery. We help people get into recovery, stay there, and lead productive lives at our Recovery Hub in Brighton.
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.
Page 1
Kennedy St Foundation
Report of the Trustees
for the Year Ended 30 April 2024
OBJECTIVES AND ACTIVITIES
Future Plans
Increasing our community outreach - this year we want to raise awareness of the hope that recovery can bring, and the part that Kennedy Street Recovery can play in helping people to recover from addiction by increasing our outreach, presentations and training to partner organisations and to local businesses.
Supporting and developing our team - We are investing in training and developing our staff and volunteers this year, so they are better equipped to support people in their recovery.
Increasing our reach- We are launching new training on recovery for workplaces and professionals this year, which will help us spread the message that recovery is possible and where to find recovery resources in the community, and will also generate some additional income we can plough into community services.
Our Volunteers
We want to give a huge thank you to all of those who have volunteered their time for our charity - we literally could not do what we do without you.
Our Funders
We have to thank all of the amazing organisations that have supported our charity this year:
The Dervia Foundation
The National Lottery Community Fund
Garfield Weston Foundation
The Albert Gubay Charitable Trust
The Sussex Police and Crime Commissioners Office
Sussex Community Foundation
Comic Relief
Brighton and Hove City Council
The Hilden Charitable Trust
The Enjoolata Foundation
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
Page 2
Kennedy St Foundation
Report of the Trustees
for the Year Ended 30 April 2024
Registered office
Bank House Southwick Square Southwick West Sussex BN42 4FN
Trustees
Ms L Lemay Hutchinson Ms K R Russell (resigned 30.4.24) Ms A Walton (resigned 30.4.24) Dr S Flower (appointed 9.5.24) M Roff (appointed 9.5.24) M N Cooper-Levitan (appointed 9.5.24) C R Lyons (appointed 9.5.24)
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 31 October 2024 and signed on its behalf by:
Ms L Lemay Hutchinson - Trustee
Page 3
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 2024.
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
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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
31 October 2024
Page 4
Kennedy St Foundation
Statement of Financial Activities
for the Year Ended 30 April 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Other NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
30.4.24 Unrestricted Restricted Total fund fund funds £ £ £ 23,962 172,476 196,438 8,186 125,313 133,499 15,776 47,163 62,939 21,814 3,663 25,477 37,590 50,826 88,416 |
30.4.23 Total funds £ 89,417 111,632 (22,215) 47,692 25,477 |
|---|---|---|
The notes form part of these financial statements
Page 5
Kennedy St Foundation
Balance Sheet
30 April 2024
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Debtors 5 479 - Cash at bank 46,561 50,826 47,040 50,826 CREDITORS Amounts falling due within one year 6 (9,450) - NET CURRENT ASSETS 37,590 50,826 TOTAL ASSETS LESS CURRENT LIABILITIES 37,590 50,826 NET ASSETS 37,590 50,826 FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
30.4.24 Total funds £ 479 97,387 97,866 (9,450) 88,416 88,416 88,416 37,590 50,826 88,416 |
30.4.23 Total funds £ - 30,097 30,097 (4,620) 25,477 25,477 25,477 21,814 3,663 25,477 |
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 2024
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 31 October 2024 and were signed on its behalf by:
L Lemay Hutchinson - Trustee
The notes form part of these financial statements
Page 7
Kennedy St Foundation
Notes to the Financial Statements for the Year Ended 30 April 2024
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 2024
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 30.4.24 Employees 5 No employees received emoluments in excess of £60,000. 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 42,506 46,911 EXPENDITURE ON Other 40,564 71,068 NET INCOME/(EXPENDITURE) 1,942 (24,157) RECONCILIATION OF FUNDS Total funds brought forward 19,872 27,820 TOTAL FUNDS CARRIED FORWARD 21,814 3,663 |
30.4.23 1 Total funds £ 89,417 111,632 (22,215) 47,692 25,477 |
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continued...
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Kennedy St Foundation
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
| 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Pension control Accrued expenses 7. MOVEMENT IN FUNDS At 1.5.23 £ Unrestricted funds General fund 21,814 Restricted funds Restricted fund 3,663 TOTAL FUNDS 25,477 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 23,962 Restricted funds Restricted fund 172,476 TOTAL FUNDS 196,438 |
30.4.24 £ 479 30.4.24 £ 6,044 406 3,000 9,450 Net movement in funds £ 15,776 47,163 62,939 Resources expended £ (8,186) (125,313) (133,499) |
30.4.23 £ - 30.4.23 £ 1,358 262 3,000 4,620 At 30.4.24 £ 37,590 50,826 88,416 Movement in funds £ 15,776 47,163 62,939 |
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continued...
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Kennedy St Foundation
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.5.22 in funds £ £ Unrestricted funds General fund 19,872 1,942 Restricted funds Restricted fund 27,820 (24,157) TOTAL FUNDS 47,692 (22,215) Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 42,506 (40,564) Restricted funds Restricted fund 46,911 (71,068) TOTAL FUNDS 89,417 (111,632) A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.5.22 in funds £ £ Unrestricted funds General fund 19,872 17,718 Restricted funds Restricted fund 27,820 23,006 TOTAL FUNDS 47,692 40,724 |
At 30.4.23 £ 21,814 3,663 25,477 Movement in funds £ 1,942 (24,157) (22,215) At 30.4.24 £ 37,590 50,826 88,416 |
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continued...
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Kennedy St Foundation
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 66,468 219,387 285,855 |
Resources expended £ (48,750) (196,381) (245,131) |
Movement in funds £ 17,718 23,006 40,724 |
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8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2024.
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Kennedy St Foundation
| Detailed Statement of Financial Activities for the Year Ended 30 April 2024 INCOME AND ENDOWMENTS Donations and legacies Donations Grants Total incoming resources EXPENDITURE Other Wages Pensions Volunteers expenses Business mentor Administration costs Meeting room rent Office costs and equipment Telephone Marketing Computer costs Motor epenses Accountancy Sundries Insurance Bank interest Total resources expended Net income/(expenditure) |
30.4.24 £ 23,962 172,476 196,438 196,438 44,448 1,190 26,345 11,872 2,905 - 33,101 2,496 157 2,154 5,454 2,364 96 496 421 133,499 133,499 62,939 |
30.4.23 £ 42,505 46,912 89,417 89,417 30,783 854 13,356 19,021 6,525 3,102 19,577 1,185 4,478 4,142 6,209 2,400 - - - 111,632 111,632 (22,215) |
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This page does not form part of the statutory financial statements
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