Charity Commission Reference No: 1191891 The Kiln Family Trust Trustees Report and Accounts Year ended 30 September 2024 The Kiln Family Tr(Jst Year ended 30 September 2024 Charity Commission reference no-. 1191891 CONTENT5 Page Trustees report Independent exarninerfs report Statement of financial activities 8alance sheet Notes to the Accounts I he Kiln Family Trust Year ended 30 September 2024 Charity Commission reference no.. 1191891 TRUSTEES REPORT Statement of trustees, responsibilities Charity law requires the trvstee5 to prepare financial statements for each financi61 year which show a true and lair view of the state of arfairs ol the charity and its financial activities for that p￿0d. In preparing those financial statements, the trustees are required to: Select suitable accounting policies and then apply thern consi5tently.- Make judgements and estimates that are reasonable and prudent.- Stère whether applicable accounting stèndards and statements of recommended practice havè been followed, subject to any departures disclosed and explatned in the financial stètementS.- 3nd Prepafe the financial stalements on the going concem basis unless it is in3PPTopri3te to presume that the charity will continve in operational exisrence. The trustees are responsible for keeping proper accounting reiord5 which di5c105e with reasonable accuracy at any tlme the financial position of the charily and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for 5afe8uarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Trustees The Trustees who acted during the period were.. Stephen Kiln Jennifer Penrose Matthew Chappell Simon Stanko Appointed 7 October 2020 Appoinred 7 October 2020 Appointed 7 October 2020 Appointed 7 Ottobèr 2020 Secretary to the Trustee5 Sarah Howell Governing document The Kiln Family Trust is a charity registered ivith the Charity Comm555ion on 19 October 2020 3nd was formed by a Deed of Trust dated 7 October 2020 to administer charitable funds transferred Irorn The Robert Kiln Charitable Tru5t_ The Kiln Family Trust Year ended 30 September 2024 Charity Commission reference no.. 1191891 TRVSTEES REPORT Icontinuedl Management and goverftance arrangements Were there a requirement for new trustees. these would be identified and appointed by the remaining Irustees. The chair of trustees is responsible for the induction of any new trustee which iovolves awèreness of a rrustee's responsibilities. the governing document. administrative procedures. the history and philosophical approach of the charity. A new trustee wotsld receive copies of the previous year's annual report 3nd accounts and a copy of the Charity Commission leaflet The Essential Trustee.. What You Need to Know.. The trustees annually review the rtsks the charity faces. To date these havè been related to investment management and these have been ameliorate(J by diversif(ed portfolio wnanagetnent. There are a150 mTnor risk areas relating 10 employment of staff which have been covered by proper procedijres and insurance. Objectives The Trusts objectives as laid out In its Trust Deed is "to advance such charitable purposes (according to the laws of England and Wales) as the trustees see fit from time to time~ During the period the Trust has 5UPPOrted 3 wide range of causes a5 shown in notc 3 to the accounts. The trustees will support new projects particularly from small local organis?tions but the emphasis is to form long-term relatlOn5hips. Rese￿e5 In accordance with the Trust Deed. the Trustees aim to distribute the whole of the net income ol the Trust each year. In the Cui rent inve5trnent 51tuation. it 15 increasingly difficult to estimate what funds will be zvailable to distribute. Sufficient funds therelore need to be sn reserve to enable the Trustees to meet their GbligatlOll5 a5 set out in note I Icl on page 6 of the Trust accoun15. Independent ex3mtner The trustees intend to ask the existing examiner to Ltndertake the indepen(5ent examination of the Trust in the following year. Approved by the trustees signed on its behalF by-. -8 kj l K,Q_ Trustee Dated.. 3-IL lol< The Kiln Family Trust Year enijed 30 September 2024 Charity Commission reference no_" 1191891 INDEPENDENT EXAMINER'S REPORTTOTHETRUSTEES OFTHE ROBERT KILN CHARITABLETRusr I report on the accounts of the charity for the year ended 30 September 2024 which are set out on p38es 4 to7. Respective responsibilities of trustees and èxaminer The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required lor this year under section 144121 of the Charities Act 2011 Ithe 2011 Act) and that an independent examination ts needed_ It 15 my responsibility to.. Examine the accounts under section 145 of the 2011 Act To follow the procedures laid down in the General Directions given by the Charity Commission under section 1451Sllbl ol the 2011 Act- and To stare whether particular matters have come to my attention. Bèsis of the independent examinerfs report My examination was carried out in accordance with the General Directions given by the Charity Commission. An cxamination includes 2 review of the accounting records kept by the charity and a comparison of the accounts presented ivith those records_ It also includes consideration of any unusual iiems or disclosures in the accounts, and seeking explanations from you as trustees concerning any Such matters. The procedures undertaken do not provide all the evidence that WOLSld be required in an audit an consequently no opinion is given as to whether the accounts present o 'trve and lair view, and the report 15 limited to those matters sei our in Ihe staiemeni below. Independent examinerfs statement In connection with rny ex3rTrination, no matter has come to my attention.. l. Which gives me reasonable cèuse to believe that in. any material respeci. the trustees have not met the requirernent5 to ensure that.. Proper accounting records are kept in accordance with seition 130 of the 2011 Act.. and Accounts are prepared which accord with the accounting records and comply with the accounting requirements ol the 2011 Act.- or 2. To %vhiih. in my opinion. attention should be drawn rn order to enable a proper understanding of the account5 to be reached. 1 47A 14igh Srreet W3lth3m Cross liert5 EN8 7AP ert Boulton 8Sc. FCA Thickbroom Coventry a)ariered Accountants Dared-. Jknwioiy The Kiln Family Trust Year ended 30 September 2024 Charity Commission reference no.. 1191891 STATEMENT OF FINANCIAL A￿1VITIEs 2024 2023 Note Incoming resources Donation Dividends received Interest receiv3blÈ Royalties received 107.853 25.460 79 131 21,831 169 140 133.523 22.140 Resources expended Charitable grant5-. General grants Management and administration.. Office rent & rate5 Insurances Salaries Stationery. post & eouipment m3intenance Telephtrne Website & IT costs Accountancy and payroll Service Sundry expense5 Bank charges 15.018 14.776 198 3.120 198 3.120 io 453 1,380 25 1.200 61 61 Total resources expended 20.240 19.380 Net incoming resources 113.283 2.760 Other recognised Income and c05t5 ILossesl/Gains cryst3lli5ed on investments Ner ILossèsl/gains on investmeni dealings Investment de31ing th3rEes 8.605 1831 123.93Jl 13451 8.522 124,2761 Net movement in funds 121.805 121,5161 Accurnulated fund at l October 2023 482.000 503,516 Accumulated fund at 30 September 2024 £ 603,805 £ 482,000 The notes on pages 6 and 7 form part ol these financial statemerlts The Kiln Family Trust Year ended 3C) September 2024 Charity Commission reference no.. 1191891 BALANCE SHEEfAT30 SÉPTEMBER 2024 Note Z024 2023 Fixed a55ets Investrnents- at cost 594.598 474.805 Current assèt5 Debtors Fund5 awaiting re-investment Cash at bank and in hand 1.933 8,654 1.076 7,259 10.587 8,335 Les5 current liabilities Creditors and accruals 1.380 1,140 Net CU￿ent èssets 9.207 7,195 Net assets £ 603,805 £ 482.000 Represented by: Accumulated general uniestrrcted funfl 5 at 30 Serjtember 2024 £ 603,805 £ 482,000 Approved by the Trustees on.. no signed on their behalf by £oiY Trustee Trustee The notes on pages 6 and 7 form part of these financial siaiements The Kiln Family Trust Year Ènded 30 September 2024 Charity Commission reference t70.. 1191891 NOTESTOTHE ACCOUNTS Accounting policies al The accounts have prepared on the historical c05t convention using the a£cru215 ba515. bl Investrnents are disclosed at cost (see note 2 for valuationl cl All the Trust Funds are unrestricted. dl Charitable grants are pasd out ol income on a regular basis throughout the year. Liquid funds have to be available so that appropriate charitable grants can be made following the Balance Sheet dète and so that sufficient funds are held to enable the Trust to operate until further income is due. The Trustees are continually monitoring the situation so that sufficient liquid reserves are available lor these pijrposes. 2. Investment5 Market value 2023 352,359 126 283 £ 478 642 At cost 2024 426.395 199 440 £ 625 835 2024 404,000 190 598 £ 594 598 2023 352,000 120 805 £ 474 805 M&G Charitable fund5 Other quoted tnvestments Charitable grants- general During the period 25 grant512023 291 were made. The orÉanis3tions listed were paid as follows.. Action Aid Braille Chess Association 8ristol Citiien's Advice lin memory of Caroline) British Di53bled Angling Assocration (The) Butterfly Conservation Canal & River Trust Chickcnshed Communigrow CPRE Crackerjacks Douglas Bader Foundation Douglas Macmillan Freedom Kit Bags Friends c>f Morgan JMI School Future Trees 150bel H05pice Liquid Listening Man-up Medecins Sans Frontiere5 Medical Detection Oog5 Pembrokeshire CoBstal Path 51XJ 500 i.oc() 250 398 I,soo 500 500 750 500 500 450 500 3￿ 1,000 500 250 soo 500 1,000 1,000 500 500 1,000 120 Respite Association (The) RSP8 Scotland Ware in Bloorn The Kiln Family Trust Year ended 30 September 2024 Charity Commission reference no". 1191891 NOTES TO THE ACCOUNTS Icontinuedl 4. Net incoming resources I he Trustees aim to distribute ner incoming resources each yeai. Where there is surplus the rrustces are keen to sei rhose funds aside for expendirure in the followinE yearTI. 2024 2023 turoluses set aside brought fo￿ard Net incoming resources surplvslldeficitl in year -xclude donation 27.430 113.283 r107.8531 24,670 2.760 Revised surpluses set aside carried forward £ 32,860 £ 27.430