2021-03-31-accounts - Kingston Giving

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Trustees’ Annual Report for the period st st From 1 January 2021 to 31 March 2021 NOTE: Charity launched in 2021

Charity name: Kingston Charitable Foundation Charity registration number: 1190241

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	Our mission is to address local need in the Royal Borough of Kingston upon Thames and make a lasting impact in our community by inspiring strategic giving.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Giving grants to small charities and organisations to address needs inthe Royal Borough of Kingston upon Thames.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees regularly review the aims and strategy, aligned to the guidance from Charity Commission on the expected public benefit.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
Other

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Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Following launch of Kingston Charitable Foundation 1/1/21, the small grants programme was developed. A new, streamlined approach to grant making which was designed to support local charitable organisations working at the heart of the local community. This fresh approach to expedient grant making has been key to the success of local organisations that we have supported. Many of these organisations would have been precluded from applications to traditional grant makers; the creation of the Kingston Charitable Foundation proxy system has been key in helping overcome this, whilst still maintaining accountability with regard to audit trail. The first grants were awarded to 2 charities in March 2021, following launch of the programme in February 2021; these were to Voices of Hope (£1000) and Crossway Pregnancy Crisis Centre (£500). Voices of Hope provide a variety of initiatives that help vulnerable members of our community to access food and to be socially included through music and cooking activities. Grant awarded paid for isolated young people to take part in a cooking project where they learned skills and were mentored. The food cooked went directly to them, their families and the JOEL project. Crossway Pregnancy Crisis Centre support women and their partners when they are facing an unintended pregnancy or are dealing with a pregnancy loss. Grant awarded will enable them to deliver creative sessions to 180 14/15 year olds at Kingston Academy; these sessions will support them with their self-esteem and will give advice too. Outreach work took place from 1stJanuary to 31stMarch 2021, to find small, harder to reach organisations that needed help by way of a Kingston Charitable Foundation grant. This enabled grants to be awarded at the start of April 2021 to Chessington Community Food Project (£617.36)and Peterson’s Fund for Children (£798.99). This time period of 1stJanuary to 31stMarch was key to laying the foundations for grant giving over

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Para 1.41 Other

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	Kingston Charitable Foundation (KCF) Income for the period totalled to £195,391 2021. KCF gained a project (Love Kingston) from Kingston Voluntary Action CIO, and as a result, received a lump sum to continue the project activities. The 2021 Accounts is a short period from January 2021 to March 2021, and therefore the total expenditure for the period is £21,209 in 2021. KCF expects a higher expenditure in the next financial year as a full 12-month accounts would be produced. The Charity’s Funds as at March 2021 totalled to £174,182. This is made up of: Unrestricted funds £164,515 Restricted funds £ 9,667.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	It is the Reserves Policy of KCF that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to at least four months of the budgeted operating expenditure.
Amount of reserves held	Para 1.22	KCF currently holds>4 months of reserves.
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A

	Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	KCF currently relies on funding from City Bridge Trust and the local council to support operating costs up to 2024. The Trustees have considered the organisation resources, the risk of COVID and the challenges facing the organisation and agrees to view the charity as very much a going concern.

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other – Financial Asset		There is a Love Kingston CF Legacy Endowment fund, the value of which as of 31st March 2021 is £137,829.00. This fund is held with London Community Foundation. This fund does not form part of the annual accounts of Kingston Charitable Foundation but is an asset that was transferred from Kingston Voluntary Action to Kingston Charitable Foundation when fundraising project Love Kingston novated from Kingston Voluntary Action to become independent CIO Kingston Charitable Foundation. This fund is an asset from which income investment only is transferred to Kingston Charitable Foundation.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g. unincorporated association, CIO)	Para 1.25	CIO Registered 3rd July 2020

Trustee selection methods Para 1.25 Recruitment through Trustee adverts on including details of any Reach and Do-it. constitutional provisions Followed by formal volunteer application e.g. election to post or process (volunteer application form / 2 x written professional references) and then name of any person or informal interview with CEO, followed by body entitled to appoint one or more trustees formal interview with 2 existing Trustees. Potential Trustees then attend Board Meeting as a Participating Observer, prior to election by existing Trustees.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider network with which the charity Para 1.51 works Relationship with any Para 1.51 related parties Other

Reference and Administrative details

Charity name	Kingston Charitable Foundation
Other name the charity uses	Love Kingston
Registered charity number	1190241
Charity’s principal address	Siddeley House 50 Canbury Park Road Kingston upon Thames KT2 6LX

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
1. Edward Bentall		Since January 2021 launch
2. Amanda Cullen		Since January 2021 launch
3. Nikki Earthrowl		Since January 2021 launch
4. Tony Mills	Chair	Since January 2021 launch
5. Lisa Sayers		Since January 2021 launch
6. Louise Seaward		Since January 2021 launch
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Advisor Name Address

Name of chief executive or names of senior staff members (Optional information)

Hicky Kingsbury (CEO)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declaratlons The trustees declare that they have •pprov•d the trustees. report above. Signed on behall of the chaiity's tnmtees Signature (s) Full name(s) Position (eg Se(yetsry, Chair. etc) Date Cki +1 112021

Kingston Charitable Foundation Statement of Financial Activities for the period ended 31st March 2021

Note Income: Donations and legacies 2 Income from charitable activities Income transfer from Kingston Voluntary Action CIO 3 Total income Expenditure Expenditure on charitable activities 4 Total expenditure Net income/(expenditure and net movement in funds for the year Reconciliation of funds Total funds brought forward Total funds carried forward	Unrestricted Restricted Total Funds Funds Funds 2021 £ £ £ 101,592 - 101,592 3,798 11,831 15,629 66,442 11,728 78,170
	171,832 23,559 195,391
	7,317 13,892 21,209
	7,317 13,892 21,209
	164,515 9,667 174,182 - - -
	164,515 9,667 174,182

The statement of financial activities includes all gains and losses recognised in the period.

KInlOn Charhable Foundatson Balafi Sheètas at 3tst Marth 2021 Total Funds 2021 Current assets: Debtors Cash at bank and in hand Totsl culNtaS$tts 2.933 175,438 178,371 Creditors falling due within one year Net currenta55ets Ntta55ets 4,189 174,182 174,182 The fvndsolthÈ charity.. Unrestricted funds Restricted funds Total ¢haTYIndS io 164,515 9,667 174,182 io Approved by the trusteeson 22. December 2021 and slÉned on their behalf bv.. Tony Mi115 Chair The note5 at pages 3 to 8form part of these acuunts

Notes to the accounts

1 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparation

The financial statements have been prepared in accordance with the 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)) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland:

The requirements of section 7 Statement of Cash

Flows. Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Tangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised.

Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

The charity is exempt from tax on its charitable activities.

2 Income from Donations and legacies

Income from donations is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

3 Income transferred from Kingston Voluntary Action CIO

Income	Unrestricted Restricted Funds Funds £ £ 66,442 11,728 66,442 11,728	Total Funds 2021 £ 78,170
		78,170

£11,728 are related to funds funded by City Bridge Trust.

4 Analysis of expenditure on charitable activities

Expenditure on charitable activities Direct costs Governance costs Support costs Total expenditure on charitable activities	Unrestricted Restricted 2021 £ £ £ 7,312 11,086 18,398 - 760 760 5 2,046 2,051 7,317 13,892 21,209

5 Analysis of support and governance costs

Operational costs DDA-Independent Examination fees Insurance Information Technology DDA-Payroll Bureau services Accountancy Total expenditure on charitable activities	Support Governance Total Costs Costs 2021 £ £ £ 867 - 867 - 200 200 74 - 74 1,110 - 1,110 - 50 50 - 510 510 2,051 760 2,811

DDA Accountancy provided Payroll bureau services in the period, as well as acting as the independent examiner. All payroll bureau work was undertaken by DDA Accountancy staff not involved in the Independent examiners review, the two services being ring fenced. No other accountancy services are provided by DDA to ensure independence of the review undertaken.

6 Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the period ended 31 March 2021.

7 Staff costs

Wages and salaries Pension costs	2021 £ 11,395 311 11,706

The average number of employees during the period was as follows:

	2021
Full time staff equivalent	1
Staff count	2
No employees received remunerations in excess of £60,000.

The charity considers its key management personnel comprise the trustees and the CEO.

The total employment benefits including employer pension contributions of the key management personnel were £6,947.

8 Analysis of debtors

Other debtors Accrue income Prepayments	2021 £ 415 2,000 518
	2,933

Other debtors are funds held at Kingston Pound, a local pseudo currency.

Accrue income relates to donations received after the reporting date but meets the recognitions conditions set in note 2.

All prepayments related to Restricted funds

9 Creditors within one year

Trade creditors Taxation and social security Accruals 10 Analysis of funds	2021 £ 3,145 844 200
	4,189

Unrestricted funds

General Total unrestricted funds Restricted funds City Bridge Trust Total restricted funds		Balance Balance brought carried forward Income Expenditure forward £ £ £ £ - 171,832 (7,317) 164,515 - 171,832 (7,317) 164,515 Balance Balance brought carried forward Income Expenditure forward £ £ £ £ - 23,559 (13,892) 9,667 - 23,559 (13,892) 9,667

1 Net movement in funds Unrestricted

funds

General Total Restricted funds City Bridge Trust Total	2021 £ 164,515 164,515 2021 £ 9,667 9,667

2 Related party transactions

Other than disclosed elsewhere in these financial statements, there were no related party transactions requiring disclosure during the current period.

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Charity Name Kingston Charitable Foundation	Charity Name Kingston Charitable Foundation	Charity Name Kingston Charitable Foundation

31stMarch 21	Charity no (if any)	1190241

3 to 9 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/21.

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters examiner's statement have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Signed: Name: Debbie Tuesley Relevant professional ICAEW qualification(s) or body (if any):

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Date: 26/01/2022
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Address: 54 Valebridge Road, Burgess Hill, West Sussex RH15 0QY

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of N/A any items that the examiner wishes to disclose .

Kingston Charitable Foundation Statement of Financial Activities for the period ended 31st March 2021

Note Income: Donations and legacies 2 Income from charitable activities Income transfer from Kingston Voluntary Action CIO 3 Total income Expenditure Expenditure on charitable activities 4 Total expenditure Net income/(expenditure and net movement in funds for the year Reconciliation of funds Total funds brought forward Total funds carried forward	Unrestricted Restricted Total Funds Funds Funds 2021 £ £ £ 101,592 - 101,592 3,798 11,831 15,629 66,442 11,728 78,170
	171,832 23,559 195,391
	7,317 13,892 21,209
	7,317 13,892 21,209
	164,515 9,667 174,182 - - -
	164,515 9,667 174,182

The statement of financial activities includes all gains and losses recognised in the period.

Klng5tthi Ch)rtt•ble Founda0 Balance Shèèt as Jt3151 Marth 2021 Note Total Funds 2021 Curreni assets- Debtor5 Cash at bank and in hand Total ¢urrenta55ets Llabilltles.. Creditors falling due within one year Net current assets Net assets 2,933 175,438 178,371 4.189 174,182 174,182 The Ms01the tharfty: Unrestrlcted fund5 Re5trirted funds Total charityfvr¥Js io io 164,515 9,667 174.182 Approved by the trustee5 on 22 December 2021 and signed an their behalf by.. Tony Mills Chair The notes at pa8es 3 to 8 forrn partof theseaccounts

Notes to the accounts

1 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparation

Financial reporting standard 102 - reduced disclosure exemptions

The requirements of section 7 Statement of Cash Flows. Income

Fund accounting

Expenditure

Tangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised.

Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Creditors and provisions

Financial instruments

Taxation

The charity is exempt from tax on its charitable activities.

2 Income from Donations and legacies

Income from donations is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

3 Income transferred from Kingston Voluntary Action CIO

Income	Unrestricted Restricted Funds Funds £ £ 66,442 11,728 66,442 11,728	Total Funds 2021 £ 78,170 78,170

£11,728 are related to funds funded by City Bridge Trust.

4 Analysis of expenditure on charitable activities

Expenditure on charitable activities Direct costs Governance costs Support costs Total expenditure on charitable activities	Unrestricted Restricted 2021 £ £ £ 7,312 11,086 18,398 - 760 760 5 2,046 2,051 7,317 13,892 21,209

5 Analysis of support and governance costs

Operational costs DDA-Independent Examination fees Insurance Information Technology DDA-Payroll Bureau services Accountancy Total expenditure on charitable activities	Support Governance Total Costs Costs 2021 £ £ £ 867 - 867 - 200 200 74 - 74 1,110 - 1,110 - 50 50 - 510 510 2,051 760 2,811

6 Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the period ended 31 March 2021.

7 Staff costs

Wages and salaries Pension costs	2021 £ 11,395 311
	11,706

The average number of employees during the period was as follows:

	2021
Full time staff equivalent	1
Staff count	2

No employees received remunerations in excess of £60,000.

The charity considers its key management personnel comprise the trustees and the CEO.

The total employment benefits including employer pension contributions of the key management personnel were £6,947.

8 Analysis of debtors

Other debtors Accrue income Prepayments	2021 £ 415 2,000 518
	2,933

Other debtors are funds held at Kingston Pound, a local pseudo currency.

Accrue income relates to donations received after the reporting date but meets the recognitions conditions set in note 2.

All prepayments related to Restricted funds

9 Creditors within one year

Trade creditors Taxation and social security Accruals 0 Analysis of funds Unrestricted funds General Total unrestricted funds Restricted funds City Bridge Trust Total restricted funds		Balance brought forward Income Expenditure £ £ £ - 171,832 (7,317) - 171,832 (7,317) Balance brought forward Income Expenditure £ £ £ - 23,559 (13,892) - 23,559 (13,892)

10 Analysis of funds

11 Net movement in funds

Unrestricted funds

Unrestricted funds
General Total Restricted funds City Bridge Trust Total 12 Related party transactions	2021 £ 164,515
	164,515
	2021 £ 9,667 9,667

Other than disclosed elsewhere in these financial statements, there were no related party transactions requiring disclosure during the current period.