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2022-03-31-accounts

ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

CHARITY REGISTRATION No: 1190241

Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS

1

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

CONTENTS

Page 3 Legal and Administrative Information Pages 4 to 7 Trustees' Report Page 8 Statement of Financial Activities Page 9 Balance Sheet Pages 10 to 17 Notes to the Financial Statements Page 18 Independent Examiner's Report

2

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1190241 WORKING NAME Love Kingston DATE OF REGISTRATION 3rd July 2020 START OF FINANCIAL YEAR 1st April 2021 END OF FINANCIAL YEAR 31st March 2022 TRUSTEES AT 31ST MARCH 2022 Edward Bentall Amanda Cullen Nikki Earthrowl Tony Mills Lucy Richards Samuel Page Paul Greensmith Lisa Sayers (Resigned 31st January 2022) Louise Seaward (Resigned 17th January 2022) Stephen Dunkling (Resigned 27th August 2021) LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO - Foundation Registered 3rd July 2020

OBJECTS

Such Charitable purposes for the benefit of people living in the Royal Borough of Kingston Upon Thames as are exclusively Charitable according to the Laws of England and Wales as the Trustees may from time to time determine.

CORRESPONDENCE ADDRESS Siddeley House 50 Canbury Park Road Kingston Upon Thames KT2 6LX PRIMARY BANKERS Metro Bank Plc 1 Southampton Row London WC1B 5HA ACCOUNTANTS Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS

3

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31ST MARCH 2022

Objectives and Activities

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.

Awarding grants to small charities and organisations to address needs in the Royal Borough of Kingston upon Thames.

The Trustees regularly review the aims and strategy, aligned to the guidance from Charity Commission on the expected public benefit. This takes place at monthly Board Meetings, attended by the CEO.

Achievements and Performance

All work undertaken by Kingston CF has been for the benefit of society as a whole, in the Borough of Kingston upon Thames.

Kingston CF was founded in January 2021 and the Charitable Objects of this charity are to fundraise and to award grants in the Borough of Kingston upon Thames.

This has been achieved. High levels of community engagement have also been undertaken in support of this activity, by the small part-time staff team of CEO (24 hours p/w) and Community Events & Fundraising Manager (25 hours p/w).

25 Grants awarded to Charitable Organisations in the Borough of Kingston upon Thames, from 1st April 2021- 31st March 2022.

April 2021

May 2021

June 2021

July 2021

August 2021

November 2021

4

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2022

December 2021
·
Secra(Mental Health/ Social/ Community)
·
Express CIC(Education/ Support/ Social/ Autism)
·
KAG Advocacy(Mental Health / BAME / Elderly/ Social)
January 2022
·
Kingston and Richmond ME (Facilitate
/Mental Health/ Disability/ Isolation)
·
Kingston Carers Network (Individuals/ Young people/ Support)
February 2022
·
Richmond & Twickenham Furniture Scheme(Support / Social / Facilitate/ Community)
·
Kingston Bereavement Service(Mental Health / Elderly/ Adults/ Children/ Young people/ Support)
March 2022
·
Homestart(Support / Social / Facilitate/ Community)
Impact Report 2021 (detailing grants from January 2021 – January 2022) can be view by following the link below:
Impact Report 2021

Impact Report 2022 underway to detail grants from January 2022 – January 2023 (to be published April 2023). 2022 Grants, outside this report can be view by following the link below: Impact Report 2022

In-person and online ‘Meet the Funder’ Events hosted quarterly, throughout the year.

High levels of output and community engagement across Social Media (regular posts on LinkedIn / Twitter /Facebook / Instagram) and monthly e-newsletters.

Film created together with specialist film-making volunteer (FOC); click here to view our film which was launched in a newsletter, social media and YouTube.

Attended a variety of events for the purpose of community engagement and networking – for the benefit of promoting grants programme / profile raising and donor engagement.

These events included Teddy Bear Hunt – Easter themed event / Omni Business Network Events / KVA Volunteer Summit / New Malden Business Networking Events (Kingston Chamber of Commerce) Chessington Expo, at Chessington School (Kingston Chamber of Commerce /stand sponsored by Holland, Hahn & Wills) Relationship building with Kingston Racial Equality Council as part of partnership working / Hosted The Big Give, Christmas Challenge (fundraising and engagement events 30th November – 7th December) / Hosted Pub Quiz – in-person at The Victoria pub in Surbiton with local business sponsorship from Ecowelle / Kingston Community Christmas Market / Local Church Christmas Fairs / / Hook Library Christmas Market / attended Milaap Class Ki-Gong & Meditation session / Kingston CF Grantee event - Brighter Living / Surbiton Farmers Market, attended with Kingston CF Grantee, Kingston Carers Network / Barwell Business Networking events / Greenwoods Residential online Fundraising event February 2022 (% of all sales and lettings as a donation to Kingston CF) / Attended International Women’s Day event organised by KOWIN Women’s Association.

Created the Kingston CF Bear, teddy bears to be taken to community events to raise funds for local charitable organisations (guess the name of the bear), and to promote awareness.

Created tailored School Engagement pack which was sent to every Primary, Secondary and SEN school in the Borough.

Engaged all local Faith Groups to promote Kingston CF.

Procured pro-bono support for organisational IT procured from local company, IQ in IT for Staff and Trustee Team.

5

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2022

Financial Review

Total income for the period was £86,284.

Expenditure for the period was £92,063.

In-year deficit was -£5,779.

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.

KCF currently holds > 4 months of reserves.

Kingston CF currently relies on funding from City Bridge Trust and Royal Borough of Kingston upon Thames to support Operating Costs up to 2024.

The Trustees considered the organisational resources, the risk of COVID and the challenges facing the organisation and agrees to view the charity as very much a going-concern.

Financial Assets

There is a Love Kingston CF Legacy Endowment fund, the value of fund as at 31st March 2022 was £147,926.55.

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 in December 2020.

This fund is an asset from which income investment only is transferred to Kingston Charitable Foundation.

There is a further Endowment Fund, Kingston Boys Club which is in a CCLA COIF Account, the total value of this fund as at 31st March 2022 was £78,548.

Structure, Governance and Management

Trustee Selection Method

Recruitment through Trustee adverts on Reach and Do-it. Followed by formal volunteer application process (volunteer application form / 2 x written professional references) and then informal interview with CEO, followed by formal interview with 2 existing Trustees.

Potential Trustees then attend Board Meeting as a Participating Observer, prior to election by existing Trustees.

6

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2022

Trustees' Responsibilities

The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus of the CIO for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the CIO. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on ……[1s] …[t] …[D] …[e] …[c] …[em] ……[be] …[r] …[2] …[0] …[2] …[2] ………………………………………………………………………………

Signed on their behalf by Trustee ………………………………………………………………………………………………………………

Printed Name: Nikki Earthrowl

7

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022

INCOMING RESOURCES
Notes
Incoming Resources from Generated Funds
Donations, Grants & Legacies
3a
Charitable Activities
3b
Investment Income
3c
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Costs of Generating Funds
Cost of Charitable Activities
4a
Governance Costs
4b
TOTAL RESOURCES EXPENDED
NET INCOMING (OUTGOING) RESOURCES
Funds Brought Forward
Unrealised Gains/(Losses)
7
Transfer Between Funds
5
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Funds
£
Restricted
Funds
£
Endowment
Funds
£
TOTAL
2021/22
£
TOTAL
2020/21
£
16,771
62,776
-
79,547
181,135
5,059
-
-
5,059
14,256
1,678
-
-
1,678
-
23,508
62,776
-
86,284
195,391
22,683
63,306
-
85,989
19,588
-
6,074
-
6,074
1,620
22,683
69,380
-
92,063
21,208
825
(6,604)
-
(5,779)
174,183
164,516
9,667
-
174,183
-
5,313
-
25,028
30,341
-
(558)
558
-
-
-
170,096
3,621
25,028
198,745
174,183

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 10 to 17 form part of these financial statements.

8

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

BALANCE SHEET

AS AT 31ST MARCH 2022

Note
Fixed Assets
Tangible Assets
2
Investments
7
Total Fixed Assets
Current Assets
Debtors & Prepayments
9
Cash at Bank and in Hand
8
Total Current Assets
Creditors: Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS less current liabilities
Creditors: Amounts falling due in more than
one year
11
NET ASSETS
Funds of the Charity
General Funds
Designated Funds
6
Restricted Funds
5
Endowment Funds
5
Total Funds		 Unrestricted
Restricted
Total
Total
Funds
£
Funds
£
31-Mar-22
£
31-Mar-21
£
-
-
-
-
78,548
147,927
226,475
-
78,548
147,927
226,475
-
-
678
678
518
92,248
5,607
97,855
177,853
92,248
6,285
98,533
178,371
700
2,664
3,364
4,188
91,548
3,621
95,169
174,183
170,096
151,548
321,644
174,183
-
122,899
122,899
-
170,096
28,649
198,745
174,183
91,548
-
91,548
164,516
78,548
-
78,548
-
-
3,621
3,621
9,667
-
25,028
25,028
-
170,096
28,649
198,745
174,183

Approved by the Trustees on …[1] …[s] …[t ] …[D] …[e] …[ce] …[m] …[b] …[e] …[r] …[2] …[0] …[22] …………………………………………………………………………………

Signed on their behalf by Trustee ………………………………………………………………………………………………………………

Printed Name: Nikki Earthrowl

[Type here]

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

▪ the charity becomes entitled to the resources;

▪ the trustees are virtually certain they will receive the resources; and

▪ the monetary value can be measured with sufficient reliability

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services have been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts.

Investment Income

This is included in the accounts when receivable.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

10

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

1. ACCOUNTING POLICIES (continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Grants Payable without Performance Conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

Unrestricted funds

These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.

Restricted funds

These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.

Designated funds

These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.

Fixed Assets

Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:

Fixtures, Fittings and Equipment

25% - Straight Line Basis

2. TANGIBLE FIXED ASSETS

The CIO held no fixed assets during this or the previous financial period.

The annual commitments under non-cancelling operating leases and capital commitments are as follows:

31st March 2022 : None

31st March 2021 : None

11

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

3. INCOMING RESOURCES

a) Donations, Grants & Legacies
Gifts & Donations
Grants Received
b) Charitable Activities
Activities & Events
c) Investment Income
Dividends Received		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
£
Funds
£
2021/22
£
2020/21
£
16,771
-
16,771
79,729
-
62,776
62,776
101,406
16,771
62,776
79,547
181,135
5,059
-
5,059
14,256
5,059
-
5,059
14,256
1,678
-
1,678
-
1,678
-
1,678
-

12

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

4. RESOURCES EXPENDED

a) Cost of Charitable Activities
Activities & Events
Advertising & Publicity
Bank Charges
Equipment Costs
Gifts & Donations
Insurance Costs
Licenses & Subscriptions
Office Costs
Staff Costs
Sundry Expenses
Telephone Costs
Training Costs		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
£
Funds
£
2021/22
£
2020/21
£
3,200
3,460
6,660
-
2,936
1,504
4,440
5,532
-
295
295
185
-
1,737
1,737
1,110
15,701
-
15,701
-
-
459
459
74
-
2,522
2,522
265
-
2,394
2,394
611
846
47,709
48,555
11,706
-
1,989
1,989
35
-
1,104
1,104
70
-
133
133
-
22,683
63,306
85,989
19,588
b) Governance Costs
Independent Examiners Fee
10
Legal & Professional Fees
Meeting Costs		 -
250
250
250
-
4,840
4,840
1,370
-
984
984
-
-
6,074
6,074
1,620

13

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

5. RESTRICTED FUNDS

CURRENT FINANCIAL YEAR

City Bridge Trust
Love Kingston Community Fund
RBKC Fund		 Balance
01-Apr-21
Income
Expenditure
Unrealised
Gains/(Losses)
Transfers
Balance
31-Mar-22
£
£
£
£
£
£
9,667
42,776
51,717
-
726
-
-
-
25,028
-
25,028
-
20,000
17,663
-
558
2,895
9,667
62,776
69,380
25,028
558
28,649

PREVIOUS FINANCIAL PERIOD

City Bridge Trust Balance
03-Jul-20
Income
Expenditure
Unrealised
Gains/(Losses)
Transfers
Balance
31-Mar-21
£
£
£
£
£
£
-
23,559
13,892
-
-
9,667
-
23,559
13,892
-
-
9,667

Love Kingston Community Fund

The Charity holds investments with CCLA Investment Managers Fund and the original indexed investment as at the 31st March 2022 was £122,898.55. The investment was provided to the Charity by The London Community Foundation as a Permanent Endowment and Total Return Investment. The income and realised gains derived from the Endowment can be used by the Charity for General Charitable Purposes.

The Restricted funds are represented by the Charity's Cash Reserves and Fixed Asset Investments and are to be expended as specified above.

6. DESIGNATED FUNDS

CURRENT FINANCIAL YEAR

Kingston Boys Club Fund Balance
01-Apr-21
Income
Transfer to
General Fund
Unrealised
Gains/(Losses)
Transfers
Balance
31-Mar-22
£
£
£
£
£
£
-
1,678
1,678
5,313
73,235
78,548
-
1,678
1,678
5,313
73,235
78,548

The Charity holds investments with CCLA COIF Charities Ethical Investment Fund and held 26,461.55 Units at a unit cost of 296.84 pence per unit giving an investments as at the 31st March 2022 of £78,548.47. The income and realised gains derived from the Endowment can be used by the Charity for General Charitable Purposes.

The Designated funds are wholly represented by the Charity's Fixed Asses Investment and are to be expended as specified above.

14

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

7. INVESTMENTS

Market Value at
01-Apr-21
Additions
07-May-21
Disposal
Dividends
Unrealised Gains/(Losses)
Market Value at
31-Mar-22		 Love
Kingston
Kingston
Boys Club
Community
Unrestricted
Restricted
Total
Total
Fund
Fund
Fund
Fund
2021/22
2020/21
£
£
£
£
£
£
-
-
-
-
-
-
73,235
122,899
73,235
122,899
196,134
-
1,678
-
1,678
-
1,678
-
1,678
-
1,678
-
1,678
5,313
25,028
5,313
25,028
30,341
-
78,548
147,927
78,548
147,927
226,475
-

The Charity holds investments with CCLA COIF Charities Ethical Investment Fund and held 26,461.55 Units at a unit cost of 296.84 pence per unit giving an investments as at the 31st March 2022 of £78,548.47.

The Charity holds investments with CCLA Investment Managers Fund and the original indexed investment at as the 31st March 2022 was £122,898.55 and the unrealised gains during the financial period were £25,028.00, providing a total investment fund of £147,926.55 as at the 31st March 2022.

The Total Return Investment was provided to the Charity for The Love Kingston Community Fund by The London Community Foundation as a Permanent Endowment. The income and realised gains derived from the Endowment can be used by the Charity for General Charitable Purposes.

8. CASH AT BANK AND IN HAND

Cash at Bank & in Hand Unrestricted
Fund
Restricted
Fund
Total
31-Mar-22
Total
31-Mar-21
£
£
£
£
92,248
5,607
97,855
177,853
92,248
5,607
97,855
177,853

9. DEBTORS AND PREPAYMENTS

Prepayments
Sundry Debtors		 Unrestricted
Fund
£
Restricted
Fund
£
Total
31-Mar-22
£
Total
31-Mar-21
£
-
678
678
518
-
-
-
-
-
678
678
518

15

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals
Independent Examiners Fee
PAYE & N.I
Pension Payable
Sundry Creditors		 Unrestricted
Fund
£
Restricted
Fund
£
Total
31-Mar-22
£
Total
31-Mar-21
£
-
675
675
-
-
250
250
250
-
667
667
843
-
313
313
796
700
759
1,459
2,299
700
2,664
3,364
4,188

11. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

Love Kingston Community Fund - Endowment Unrestricted
Restricted
Total
Total
Fund
Fund
31-Mar-22
31-Mar-21
£
-
£
122,899
£
122,899
£
-
-
122,899
122,899
-

Love Kingston Community Endowment Fund

The Charity holds investments with CCLA Investment Mangers Fund and the original indexed investment as at the 31st March 2022 was £122,898.55 and the investment was provided to the Charity by The London Community Foundation as a Permanent Endowment and Total Return Investment. The income derived from the investment can be used by the Charity for General Charitable Purposes. The Long Term Liability represents the original indexed investment and endowment payable to The London Community Foundation.

The Total Return Investment was provided to the Charity by The London Community Foundation as a Permanent Endowment for the Love Kingston Community Fund. The income and realised gains derived from the Endowment can be used by the Charity for General Charitable Purposes.

12. NET ASSETS BETWEEN FUNDS

Fixed Asset Investments
Net Current Assets
Long Term Liabilities		 Unrestricted
Funds
£
Restricted
Funds
£
Total
31-Mar-22
£
Total
31-Mar-21
£
78,548
147,927
226,475
-
91,548
3,621
95,169
174,183
-
122,899
122,899
-
170,096
28,649
198,745
174,183

16

KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

13. STAFF COSTS AND NUMBERS

Gross Wages, Salaries & Fees
Employer's National Insurance Costs
Pension Contributions
Employees who were engaged in each of the following activities:
Charitable Activities		 TOTAL
2021/22
£
47,487
97
971
48,555

TOTAL
2021/22
2		 TOTAL
2020/21
£
11,395
-
311
11,706
TOTAL
2020/21
2

The Charity operates a PAYE scheme to pay all members of employed staff and no employees received emoluments in excess of £60,000 (2020/21:None).

14. TRUSTEES AND OTHER RELATED PARTIES

No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.

15. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

16. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.

17. PUBLIC BENEFIT

The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake

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KINGSTON CHARITABLE FOUNDATION

(Charitable Incorporated Organisation)

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees/ members of Kingston Charitable Foundation on the accounts for the year ended 31st March 2022 set out on pages 8 to 17.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Debbie Tuesley Bsc (Hons) FCA 54 Valebridge Road Burgess Hill West Sussex RH15 0QY

Date: 3[RD] Jan 2023

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