## ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
## 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 2023 END OF FINANCIAL YEAR 31st March 2024 TRUSTEES AT 31ST MARCH 2024 Nikki Earthrowl Appointed October 2020 (Chair) Amanda Cullen Appointed October 2020 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
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 8 Cockayne Way Selsey West Sussex PO20 0FX
3
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
## TRUSTEES' REPORT
## FOR THE YEAR ENDED 31ST MARCH 2024
## **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) and since May 2023 Marketing Manager (24 hrs p/w).
53 Grants, on average £750 each, were awarded to charitable organisations in the Borough of Kingston upon Thames, from 1st April 2023- 31st March 2024, benefiting over 54,765 local Kingston residents (47,000 of these were from an environmental recycling project). Total awarded £37,038.99.
Our grants are of benefit to multiple local communities with varied needs, across themes including:
- Food Poverty and support
- Mental Health
- Environment
- Disability support
- • Advocacy and support
- Sports Access
- Community facilities and cohesion
- Supporting families facing hardship (Direct support for families)
Developed and delivered Grants for The Willow Tree Foundation, having created a Bespoke Restricted Fund to serve their charitable aims of supporting local people with blood cancer. Grants awarded using Participatory Grant Making model created by Kingston CF Team. 7 grants awarded to local families and individuals living with blood cancer: £12,500.
4
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
## TRUSTEES' REPORT (Continued)
FOR THE YEAR ENDED 31ST MARCH 2024
## **Impact report**
Impact Report 2024 will detail grants from 1st January 2024 – 31st December 2024 (to be published April 2025 once all grantee projects have ended and reports have been 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.
Hosted fundraising events throughout the year including match-funding events - Christmas and Valentine’s events match funded by The Rowan Bentall Charitable Trust.
A 32-strong team for July 2023 Dragon Boat Event, team led by and sponsored by local business owner Greenwoods residential / Project Marquee and 7DOTS.
Charity of the Year for Mayor of Kingston, Cllr Diane White (from May 2023 – May 2024). Total funds raised through events throughout the year to be announced September 2024.
Charity of the Year for Kingston Chamber of Commerce, including sponsorship at all events and fundraising events hosted by their President, Julie Leach who chose Kingston CF as her chosen charity.
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 for grants programmes.
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; cost would have been £9718.56 for the financial year.
(6 full users with Business Premium – 109.99 x 6 (4 Staff / 2 Trustees)
20 email only users with E1 license – 24.99 x 6 (6 Trustees)
Total £809.88 pcm x 12 = £9718.56)
Procured pro-bono Marketing / Website / Branding support from local company, 7DOTS; cost would have been £500.
Shared Economy Event hosted and sponsored by local company Wolters Kluwer in July 2023; cost would have been £1000.
The continued growth of Kingston CF, the events hosted, and the diversifying of grant making has been of benefit to the local community in far reaching ways.
Relationship building with key stakeholders in our borough and introductions made have been key to our community, these includes Charities, Councillors, SME’s, Corporates, Schools, Faith Groups and Kingston University.
5
KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2024
|**Financial Review**||
|---|---|
|Total income for the period was|179,585|
|Expenditure for the period was|151,528|
|In year gain was|28,057|
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.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 2024
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…………………………………………………………17th September 2024
Signed on their behalf by Trustee ………………………………………………………………………………………………………………
Printed Name:
## Nicola Sian Earthrowl
7
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
|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
2023/24
£
TOTAL
2022/23
£
22,701
145,397
-
168,098
115,411
6,782
-
-
6,782
8,176
2,278
-
2,427
4,705
2,278|
|---|---|
||31,761
145,397
179,585
125,865
2,427|
||26,975
110,429
147,578
98,911
-
-
3,950
5,171
10,174
3,950|
||26,975
114,379
10,174
151,528
104,082|
||4,786
31,018
(7,747)
28,057
21,783
148,704
43,328
18,982
211,014
198,745
7,333
-
17,542
(9,514)
(7,326)
10,209
1,630
-
-
8,956|
||153,497
74,346
30,400
258,243
211,014|
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 2024
|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-24
£
31-Mar-23
£
72
108
81,965
152,538
72
234,503
216,961
-|
|---|---|
||82,037
152,538
234,575
217,069|
||1,703
2,133
71,873
921
76,368
148,241
119,574
782|
||72,655
77,289
149,944
121,707|
||1,195
2,182
3,377
4,863
71,460
75,107
146,567
116,844|
||153,497
227,645
381,142
333,913
-
122,899
122,899
122,899|
||153,497
104,746
258,243
211,014|
||68,996
74,072
84,501
74,632
43,328
-
74,346
-
30,400
-
68,996
-
84,501
74,346
30,400
18,982|
||153,497
104,746
258,243
211,014|
Approved by the Trustees on …17th September 2024……………………………………………………………………
Signed on their behalf by Trustee ………………………………………………………………………
Printed Name:Nicola Sian Earthrowl
9
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
## 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 2024
## 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:
|applied are as follows:||
|---|---|
|Fixtures, Fittings and Equipment|25% - Straight Line Basis|
|2. TANGIBLE FIXED ASSETS|£|
|Cost b/fwd at 1st April 23Additions|143|
|Depreciation b/fwd at 1st April 23|36|
|Depreciation charge for the year|35|
|Net book value at 31st March 24|72|
There were no annual commitments under non-cancelling operating leases or capital commitments in the year (2023:Nil).
11
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
## 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
£
2023/24
£
2022/23
£
22,701
17,018
-
140,701
4,696
27,397
140,701
98,393|
|---|---|
||22,701
145,397
168,098
115,411|
||6,782
-
6,782
8,176|
||6,782
-
6,782
8,176|
||4,705
-
4,705
2,278|
||4,705
-
4,705
2,278|
12
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
## NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH
2024
## 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
Meeting costs
Depreciation|Unrestricted
Restricted
TOTAL
TOTAL
Funds
£
Funds
£
2023/24
£
2022/23
£
154
2,517
2,671
2,521
447
180
627
1,958
30
244
274
358
-
95
-
35,539
49,539
30,682
-
95
14,000
468
453
-
2,695
384
6,013
212
2,910
2,999
84,214
52,471
383
106
219
-
2,910
84,426
489
384
384
-
384
2,312
2,312
1,157
468
3,383|
|---|---|
||**37,149**
**110,429**
**147,578**
**98,911**|
||-
250
250
250
-
3,082
4,015
-
3,082
583
583
870
**35**
**3,915**
**3,950**
**5,171**
35
-
35
36|
13
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
## CURRENT FINANCIAL YEAR
|CURRENT FINANCIAL YEAR||
|---|---|
|5. RESTRICTED FUNDS
Clark Fund
City Bridge Trust
Love Kingston Community Fund
RBKC Fund
Victoria Fund
Willow Tree|Balance
Income
Expenditure
Unrealised
Gains/(Losses)
Transfers
Balance
01-
Apr-23
£
£
£
£
£
31-March 24
£
7,209
85,837
-
18,982
10,209
-
33,619
10,174
12,000
1,500
15,041
8,956
-
-
1,000
20,094
-
-
-
-
-
-
2,500
-
-
-
-
10,210
43,043
30,400
10,210
121,671
2,427
12,000
-
1,515|
||62,310
147,823
124,552
10,209
8,956
104,746|
The Charity holds investments with CCLA Investment Managers Fund and the original indexed investment 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
Expenses
Unrealised
Gains/(Losses)
Transfers
Balance
01-Apr-23
£
£
£
£
£
31-Mar-24
£
74,632
2,278
3,955
7,333
4,213
84,501|
|---|---|
||74,632
2,278
2,278
7,333
-
84,501|
14
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
## 7. INVESTMENTS
|Market value B/fwd
Paid out
Dividends
Unrealised Gains/(Losses)
Market Value31st March 24|Love
Kingston
Kingston
Boys Club
Community
Unrestricted
Restricted
Total
Total
Fund
Fund
Fund
Fund
2023/24
2022/23
£
£
£
£
£
£
74,632
142,329
74,632
142,329
216,961
226,475
2,278
2,278
2,278
7,333
10,209
-
2,278
7,333
10,209
-
-
4,705
4,705
17,542
(9,514)
2,278
2,427
2,427|
|---|---|
||81,695
152,538
81,965
152,538
234,503
216,961|
The Charity holds investments with CCLA COIF Charities Ethical Investment Fund and held 26,461.55 Units at a unit cost of 309.75 pence per unit giving an investments as at the 31st March 2024 of £81,964.65. The income, plus realised gains derived from the Endowment can be used by the Charity for General Charitable Purposes.
The Charity holds investments with CCLA Investment Managers Fund and the original indexed investment at as the 31st March 2023 was £142,328.83 and the unrealised losses during the financial period were £10,209 providing a total investment fund of £152,537.83 as at the 31st March 2024.
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
9. DEBTORS AND PREPAYMENTS
Prepayments
Accrued income|Unrestricted
Fund
Restricted
Fund
Total
Total
£
£
31-
Mar-24£
71,873
76,368
148,241
31-Mar-23
£
119,574|
|---|---|
||71,873
76,368
148,241
119,574|
||Unrestricted
Fund
£
Restricted
Fund
£
Total
31-Mar-24
£
Total
31 Mar-23
£
1,703
504
921
-
1,629
782
921
1,703
2,133
782
-
-|
15
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
## 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEA
Trade creditors
Accruals
Independent Examiners Fee
PAYE & N.I
Pension Payable|Unrestricted
Fund
£
Restricted
Fund
£
Total
31-Mar-24
£
Total
31-Mar-23
£
700
2,854
250
540
-
250
470
837
382
862
1,957
1,095
100
600
250
-
470|
|---|---|
||1,195
2,182
3,377
4,863|
11. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
|YEAR||
|---|---|
|Love Kingston Community Fund - Endowment|Unrestricted
Restricted
Total
Total
Fund
Fund
31-Mar-24
£
-
£
122,899
£
122,899
31-Mar-23
£
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 2024 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-24
£
Total
31-Mar-23
81,965
152,538
71,460
75,107
-
122,899
234,503
146,567
122,899
122,899
72
72
-
116,844
108
216,961|
|---|---|
||152,628
104,746
258,243
211,014|
16
## KINGSTON CHARITABLE FOUNDATION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
## 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
2023/24
£
80,924
1,652
1,615
84,191
TOTAL
2023/24
4|TOTAL
2022/23
£
51,314
-
1,157|
|---|---|---|
|||52,471|
|||TOTAL
2022/23
2|
The Charity operates a PAYE scheme to pay all members of employed staff. No employees received emoluments in excess of £60,000 (2022/23: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 2024 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
8 Cockayne Way Selsey West Sussex PO20 0FX
Date: 25/10/2024
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