## ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1190241
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 2022 END OF FINANCIAL YEAR 31st March 2023 TRUSTEES AT 31ST MARCH 2023 Nikki Earthrowl Appointed January 2021(Chair) Edward Bentall Appointed January 2021 Amanda Cullen Appointed January 2021 Samuel Page Appointed October 2021 Lucy Richards Appointed October 2021 Paul Greensmith Appointed February 2022 Belinda Lip Appointed August 2022
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 DDA Accountancy 54 Valebridge Road Burgess Hill West Sussex RH15 0QY
3
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
## TRUSTEES' REPORT
## FOR THE YEAR ENDED 31ST MARCH 2023
## **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 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).
50 Grants awarded to Charitable Organisations in the Borough of Kingston upon Thames, from 1st April 2022- 31st March 2023
All grants are on average £750 each, and our grants are of benefit to multiple local communities with varied needs.
Included in the 50 grants that have benefitted 25,211+ local Kingston residents are:
- Kingston Association for the Blind (for screen reading software for blind users, initial benefit to one user, to benefit high numbers of blind users over the years)
- RBKares (for 200 gift bags with puzzles, notebooks, and craft kits for child carers to benefit 200 children and 75 adults)
- Kingston BEATS 1st (to purchase a waterproof gazebo, tables, and sandbags for local community events to date has benefited 330 people)
- Voices of Hope (to create a safe garden for as single mother of 2 children, one of whom has ASD –benefited a family of three)
- New Era CIC (Community Interest Companies) (for the initial stages of the refurbishment of a derelict barn to become a foodbank-inital number benefited 200)
- Plough Green School (for inclusive story yoga classes for 2–5-year-olds – benefited 24 children)
- Man&Boy (for 20 families living in poverty to access multi sports, enrichment, and family mentoring activity sessions-benefited 40 children and adults)
- Milaap (for a trip to the seaside for isolated, older, and disabled people - benefited 50 people)
- Kingston Welcare (to create a new website that will help people with differing needs with local sign- posting- benefited 600 to date)
- SEEN (to provide 16hrs of support sessions to people who are struggling with unexpected pregnancy or baby loss-benefited 48 people)
- Kingston Kerala Community (to provide the Kerala Community with support for the Onam Festival – benefited 330 people)
- Kingston Kerala Community (to offer activities including dance and language classes to children – benefited 45 children)
- London Kim’s Dance Group CIC (to hire warm spaces for traditional Korean community classes –benefited 22 people)
- Yorda Adventures for a trip for disabled children for a respite holiday in Hampshire– benefited 6 children
- Supporting African Youth Development (to purchase a computer, software, and printer for children –benefited 100 children to date)
- RBKares (to buy hot water bottles, thermal socks & gloves for Winter Warmer bags, together with knitted blankets – benefited 320 families)
- Voices of Hope (for female survivors of domestic violence to buy an outfit for The Pearl Project graduation event – benefited 9 people)
- Kingston Bereavement Service (for EMDR trauma therapy sessions to a resident of Kingston following the death of their child – benefited 1)
- Kingston Environment Centre (to pay a staff member to run multiple local recycling projects - benefited 18,100 people
- RBKares (to create 'Wonder bags' which cook meals with no heat once they have cooked for 20 minutes on a hob – benefited 95 individuals and families)
- KAG Advocacy (to deliver workshops to assist vulnerable people of all ages back into employment and or education-benefited 18 peopleHomeStart Richmond Kingston and Hounslow (to buy a family living in extreme poverty a supermarket voucher- benefited 2 people
- Yorda Adventures (to provide a bed and new bedroom storage for a family with an Autistic child –benefited 3 people
- Kingston Carers Network – (to provide coats, school shoes and warm bedding for child carers –benefited 20 children)
- Save The World Club (To provide food for hampers for vulnerable individuals. Also to provide tools, kit and running costs for three community fridges benefitted 1015 people)
- River Thames Boat Project (for 2 boat trip days for local Refugees – benefited 24 people)
- Milaap Centre Kingston (to provide a Christmas celebration with traditional Christmas food and gifts for vulnerable people- 50 benefited
- Brighter Living (to offer Ki-gong and Meditation sessions for isolated older people –benefited 35 people
4
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
## TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2023
- Shine Bright to hire a venue to hire a venue, publicity, and charity information leaflets for awareness and mental health support- benefited 150 people
- St Andrew and St Mark Surbiton (for a Christmas Day lunch for isolated and vulnerable people – benefited 50 people)
- Save The World Club (to provide a security system and to change locks following break ins to their premises and community fridge-benefited 1015 people
- New Era CIC (to set up and run warm space Chessington Square 1 6 Wellbeing Café where advice, support and signposting is providedbenefited 50 people
- Kingston Beats (for Lion Dance Classes for Primary School Students, to promote and share Hong culture-benefited 6 children
- Kingston Welcare (to redevelop their garden for the children that access their services, many of whom have no gardens – benefitted 600 people)
- Kingston Welcare (to purchase and fit a Fire door to change separate one room into 2 for activities andprivacy for different groups – benefitted 600 people)
- HomeStart Richmond Kingston and Hounslow (to purchase equipment and a food voucher for a disabled mum of a young family – benefitted 6)
- Man&Boy (to provide canoeing sessions for vulnerable children who usually never have access to activites- benefited 214 people)
- Sunray Recycle (to offer a ‘community fridge’ scheme and the recycling of drinks cups to be filled with soup for vulnerable people-benefited 10 to date)
- KAG Advocacy (to provide a Help Shop offering 2 hourly weekly sessions for digitally excluded people to access support and informaiton-benefited 25
- Barnfield RDA (to offer horse riding therapy lessons for vulnerable families, therapy lessons –benefited 26 children
- Kingston Beats (to deliver the WE Club pilot project and to create a welcome hub dedicated to supporting migrants from Hong Kong-benefiting 30 people
- Supporting African Youth Development (to offer help with signposting and support accessing support services to African and BME families-benefited 30 people)
- Full Cycle CIC (to subsidize 5 bicycles for those that would benefit – benefitted 5 people)
- Kingston Environment Centre / Hogsmill Community Garden (to print educational materials, and provide refreshments for 50+ volunteers and supplies such as pots, compost, seedlings, seeds, replacement of boken tools, educatiinal workshop materials-benefited 50 people.
- SEEN (to provide 58 support sessions to women and their partners that are struggling with unexpected pregnancy or baby loss-benefited 58 people)
- River Thames Boat Project / Yorda Adventures (to help with the cost of providing four 1-hour river crusies for families supported by Yorda-benefited by 20 people)
- Kingston Bereavement Service (to provide a video entry system at KBS that is connected directly to a lock release on the front doorbenefitted 170 to date)
## **Impact report**
Impact Report 2023 underway to detail grants from January 2023 – January 2024 (to be published April 2024 once all grantee projects have ended and reports submitted to Kingston CF Team)
In-person and online ‘Meet the Funder’ Events hosted quarterly, delivered throughout the year for the benefit of local charitable organisations in our community.
High levels of output and community engagement across Social Media (regular posts on LinkedIn / Twitter /Facebook/Instagram) and monthly e-newsletters. Of benefit for Borough-wide community.
Attended a variety of events for the purpose of community engagement and networking – for the benefit of promoting grants programme and for profile raising and donor engagement to enable the team to raise further funds. These events included:
10th April Vibrant Kingston - Multicultural Celebration 2022 Rose Theatre 10th May Call for team members: Dragon Boat Race Challenge event 17th July. Social media promotion “Team love Kingston for Kingston Charitable Foundation” 11th May Malden Golf Club, Charity Golf Tournament in aid of The Mayor’s Charitable Trust (which in 2022-23 is supporting Anstee Bridge & Milaap Multicultural Day Centre). 20th May Meeting with Yorda Adventures, to discuss events and possible grant application. 25th May Meet the Funder Event (online) 1st June Celebrate Chessington Kingston CF “Charity awareness information stall” feather banner, Flyers, logo t-shirt, stickers. “Love Kingston Community Bear”. Information about the Dragon Boat Challenge 3rd June Spring Bank Holiday Partnership with Kingston Beats CIC. Queens Jubilee Celebration on the Jubilee Square in New Malden, feather banner, Flyers, logo t-shirt, stickers. “Love Kingston Community Bear”. Information about the Dragon Boat Challenge
5
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
## TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2023
15th June Launch of Kingston Be Well Hubs 18th June Summer Garden Party at Dorich House Museum. 23rd June Kingston Business Expo 2022 stand sponsored by HH&W. feather banner, Flyers, logo t-shirt, stickers, information. “Love Kingston Community Bear”. Information about the Dragon Boat Challenge 14th July KVA. Meet and Greet for Councilors and Voluntary Organisations in Kingston 17th July Dragon Boat Race Challenge event “Team love Kingston for Kingston Charitable Foundation” 12th September Meet the Funder' 11am, at Canbury Works at Unit 5-7 Canbury Business Park, Kingston. 23rd September Voices of Hope BRITE Box Celebration evening on Friday September 23 6-8pm 24th September The Willow Tree Foundation Get Your Funk On Fundraiser & 50th Birthday 28th September Kingston College’s 2022 Fresher’s Fair 12pm-2pm at our Kingston Hall Rd campus 28th September Dragon Boat Race Celebration Drinks DBC team 9th October Chessington Business Expo. Stand sponsored by HH&W. feather banner, Flyers, logo t-shirt, stickers, information. “Love Kingston Community Bear”. 3rd November Engagement event for IFA’s Accountants and Solicitors 4th November Square One Café and New Era CIC Board meeting 3pm – 6:30pm 12th November Grantee Voices of Hope. Pearl Project Awards evening 7pm – 9:30pm 23rd November Canbury Arms Kingston CF and The Willow Tree Foundation 6:30-8:30 29th November LK for Kingston CF Christmas Challenge Launch – Giving Tuesday 30th November Launch ‘Love Kingston for Kingston Charitable Foundation –Christmas Challenge 2022’ Pub Quiz and raffle at Wych Elm Kingston 9th December Square One Café Christmas 14th December Online ‘Meet the Funder’ event. 15th December Save The World Club 16th December Surbiton Community Fridge 18th January Willowtones Choir launch event TWTF 25th January Christmas lunch review St Marks 8pm-9pm 29th January RBKares Celebration 12-3pm 4th February Young Carers Project conference celebrating amazing young carers in our community. 8th February London Giving Network event 2-4:30 13th–17th Feb Love Kingston Week. Kingston CF 2nd Anniversary 14th February Surbiton Community Fridge 10am – 2pm 14th February Meet the funder Canbury Works 11am -12pm Grantee Social 12-1pm 17th February Square 1 café Chessington Celebration 12-4pm 23rd February Save the World Club 25th February Kingston BEATS New Malden 27th February Kingston CF AGM 1st March Lent Lunch Warm Hub St Marks Surbiton 12th March International Women’s Day celebration 16th March Mitzvah Day Awards 2022. Jewish Museum London 6:30 – 8:30. Invitation to represent RBKares and Kingston CF Warmer in Winter project. 28th March Barnfield RDA visit 2pm
Refreshed our 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.
## **Financial Review**
Total income for the period was 125,865 Expenditure for the period was 104,082 In year gain was 21,783
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, and the challenges facing the organisation and agrees to view the charity as very much a going-concern.
6
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
## TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2023
## 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:
- Select suitable accounting policies and apply them consistently
- Make judgements and estimates that are reasonable and prudent
- Prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence.
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…………………………………………………………
Signed on their behalf by Trustee ………………………………………………………………………………………………………………
Printed Name:
7
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
|INCOMING RESOURCES
Notes
Incoming Resources from Generated Funds
Donations, Grants & Legacies
3a
Charitable Activities
3b
3c
4a
4b
Investment Income
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Costs of Generating Funds
Cost of Charitable Activities
Governance Costs /Depreciation
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
2022/23
£
TOTAL
2021/22
£
17,018
98,393
-
115,411
79,547
8,176
-
-
8,176
5,059
2,278
-
-
2,278
1,678|
|---|---|
||27,472
98,393
125,865
86,284|
||44,948
53,515
98,911
85,989
-
-
5,171
6,074
448
5,171|
||44,948
58,686
448
104,082
92,063|
||(17,476)
39,707
(448)
21,783
(5,779)
170,096
3,621
25,028
198,745
174,183
(3,916)
-
(5,598)
(9,514)
30,341
-
-
-
-
-|
||148,704
43,328
18,982
211,014
198,745|
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 2023
|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-23
£
31-Mar-22
£
108
-
108
-
74,632
142,329
216,961
226,475|
|---|---|
||74,740
142,329
217,069
226,475|
||2,133
678
74,955
-
2,133
44,619
119,574
97,855|
||74,955
46,752
121,707
98,533|
||991
3,872
4,863
3,364
73,964
42,880
116,844
95,169|
||148,704
183,580
333,913
321,644
-
122,899
122,899
122,899|
||148,704
62,310
211,014
198,745|
||74,072
91,548
74,632
78,548
3,621
-
43,328
-
18,982
-
74,072
-
74,632
43,328
18,982
25,028|
||148,704
62,310
211,014
198,745|
Approved by the Trustees on ………………………………………………………………………
Signed on their behalf by Trustee ………………………………………………………………………………………………………………
Printed Name:
9
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
## 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 2023
## 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. 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|£|
|---|---|
|Cost b/fwd at 1st April 22|-|
|Additions|143|
|Depreciation charge for the year|36|
|Net book value at 31st March 23|108|
There were no annual commitments under non-cancelling operating leases or capital commitments in the year (2022:Nil).
11
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
## 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
£
2022/23
£
2021/22
£
14,519
16,771
-
98,393
2,500
17,018
98,393
62,776|
|---|---|
||14,519
100,892
115,411
79,547|
||8,176
-
8,176
5,059|
||8,176
-
8,176
5,059|
||2,278
-
2,278
1,678|
||2,278
-
2,278
1,678|
12
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
## NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH
2023
## 4. RESOURCES EXPENDED
|10
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
Recruitment/Training Costs
b) Governance Costs/Depreciation
Independent Examiners Fee Legal
& Professional Fees Meeting
Costs
Depreciation|Unrestricted
Restricted
TOTAL
TOTAL
Funds
£
Funds
£
2022/23
£
2021/22
£
1,790
731
2,521
6,660
1,562
396
1,958
4,440
-
358
358
295
-
-
1,737
30,682
30,682
15,701
-
-
-
453
459
2,695
2,522
5,810
2,394
2,409
-
203
50,062
48,555
-
219
1,989
-
2,695
6,013
52,471
219
384
1,104
-
384
1,157
1,157
133
453|
|---|---|
||**44,948**
**53,963**
**98,911**
**85,989**|
||-
250
250
250
-
4,015
4,840
-
4,015
870
870
984
**36**
**5,135**
**5,171**
**6,074**
36
-
36
-|
13
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
## 5. RESTRICTED FUNDS
## CURRENT FINANCIAL YEAR
|CURRENT FINANCIAL YEAR||
|---|---|
|City Bridge Trust
Love Kingston Community
Fund RBKC Fund
Victoria
Willow Tree|Balance
Income
Expenditure
Unrealised
Gains/(Losses)
Transfers
Balance
01-
Apr-22£
£
£
£
£
31-March
£
726
41,897
35,414
-
7,209
25,028
-
448
(5,598)
2,895
-
-
16,000
2,500
37,996
18,895
-
4,377
-
-
-
2,500
18,982
33,619
-
-
-
-
-
-|
||28,649
98,393
59,134
(5,598)
-
62,310|
## Love Kingston Community Fund
The Charity holds investments with CCLA Investment Managers Fund and the original indexed investment as at the 31st March 2023 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
Income
Transfer to
General Fund
Unrealised
Gains/(Losses)
Transfers
Balance
01-Apr-22
£
£
£
£
£
31-Mar-23
£
78,548
2,278
2,278
(3,916)
-
74,632|
|---|---|
||78,548
2,278
2,278
(3,916)
-
74,632|
The Charity holds investments with CCLA COIF Charities Ethical Investment Fund and held 26,461.55 Units at a unit cost of 282.04 pence per unit giving an investments as at the 31st March 2023 of £74,632.12 The income, plus 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 2023
## 7. INVESTMENTS
|Marketvalue B/fwd
Additions
Disposal
Dividends
Unrealised Gains/(Losses)
Market Value at
31-Mar-23|Love
Kingston
Kingston
Boys Club
Community
Unrestricted
Restricted
Total
Total
Fund
Fund
Fund
Fund
2022/23
2021/22
£
£
£
£
£
£
78,548
147,927
78,548
147,927
226,475
-
-
-
-
-
-
196,134
2,278
1,678
2,278
(3,916)
(5,598)
-
2,278
-
2,278
(3,916)
(5,598)
-
2,278
-
2,278
(9,514)
30,341
1,678|
|---|---|
||74,632
142,329
74,632
142,329
216,961
226,475|
The Charity holds investments with CCLA COIF Charities Ethical Investment Fund and held 26,461.55 Units at a unit cost of 282.04 pence per unit giving an investments as at the 31st March 2023 of £74,632.12.
The Charity holds investments with CCLA Investment Managers Fund and the original indexed investment at as the 31st March 2022 was £147,926.55 and the unrealised losses during the financial period were £5,597.72, providing a total investment fund of £142,328.83 as at the 31st March 2023.
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
Total
31-Mar-22
£
£
31-Mar-23
£
74,955
44,619
119,574
£
97,855|
|---|---|
||74,955
44,619
119,574
97,855|
## 9. DEBTORS AND PREPAYMENTS
|Prepayments
Accrued income|Unrestricted
Fund
£
Restricted
Fund
£
Total
31-Mar-23
£
Total
31-Mar-22
£
-
504
504
678
-
1,629
1,629
-|
|---|---|
||-
2,133
2,133
678|
15
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
## 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|Trade creditors
Accruals
Independent ExaminersFee
PAYE & N.I
Pension Payable
Sundry Creditors|Unrestricted
Fund
£
Restricted
Fund
£
Total
31-Mar-23
£
Total
31-Mar-22
£
-
540
540
675
-
250
250
250
837
667
-
837
-
382
382
313
-
-
-
1,459
1,863
2,854
991|
|---|---|
||991
3,872
4,863
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-23
£
-
£
122,899
£
122,899
31-Mar-22
£
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 2023 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 assets
Fixed Asset Investments
Net Current Asssets
Long Term Liabilities|Unrestricted
Funds
£
Restricted
Funds
£
Total
31-Mar-23
£
Total
31-Mar-22
£
74,632
142,329
216,961
73,964
42,880
116,844
95,169
-
122,899
122,899
122,899
226,475
108
-
108|
|---|---|
||148,704
62,310
211,014
198,745|
16
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
## 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
2022/23
£
51,314
-
1,157
52,471
TOTAL
2022/23
2|TOTAL
2021/22
£
47,487
97
971|
|---|---|---|
|||48,555|
|||TOTAL
2021/22
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
17
## 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 2023 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:
- examine the accounts under section 145 of the Charities Act,
- follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- state whether particular matters have come to my attention
## 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:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
2. 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:24/10/2023
18