Kew Neighbouthood Association We're here to help Chalrfs rnport to the Annual General Meetlng for Nelghbourhood A560clatlon on 24th Aprfl 2024 l am as always, very grateful to our wonderful staff. led by Abi, my fellow trustees, and to you. our volunteers and clients, lor ma.ng Kew Neighbourhood Association the success it is. Over the last year we have completed the set up of th8 Charitable incorporated organisation, or CIO, and l am grateful for all the work trustees and staff PLrt In to make this happen, especially Abi, Kirsty and Andrew our treasurer. Thls has been despite the challenges wrth Barclays Bank. who went from 'no Pfoblem, we simply change the type of organtsation in our ban.ng system and you can keep the same sort code and account number. to 'you need a whole new bank account set up and every trustee must go through our fvjll verificatlon process. with many inconsistent answers from banking staff along the way. However, we made it, and thank you to any of you who had to change our detsi18 In your record8. The original pre CIO charity has dornant since the end, of March 2023 and we are now ready to ¢108e It. Looking back to the year since our last AGM, notable events,Include: Being part of the Big Help Out for his Majesty the King'8 Coronation Bank Holiday volunteering day in May leafleting many of Kew's streets particularty targetlng Kew RiversKle, flats and ar8as of social housing in Kew. The KNA stall at Kew Fete in June The Client Summef Party in July. wth tea boxes for those who could noi attend August's KNA Stall at Kew Horticultural Show KNA Stall at Kew Village Market in October Volunteer Focus Groups at the venue LivevelI Kew in November Surveying KNA'S Cllents and Volunteers Kew Sparkle and Chrlstmas tea boxe8 in Dember We look fofward to covering th&8e events this year too.,. And looking further forward, 2027 is our 50th anniversary a we mark thls important milestone. we are already looking fopNard to how I'd like to thank our main funders (RPLC, CILS, and Kew Village Market) and those organisations, such as Kew Rotary Club, St Winefride's A8C Playgroup, and thank you to St Anne's for grfling us use of the Church Hall tonight. Thank you to indlvKlual3 - you know who you are - who made donations, have a regular payment to us. or left a legacy in their will. or gave their'time to help us with events. St Luke's HoLtse. 270 5andycombe Road. TW9 3NP 0 020 8948 8054 mail@kna.o¢uk 7) D @KewNehbOUr5 Regtstered Charity'No 1196093 www kna org.uk
Andrew our Treasurer wll mention Ihat RPLC have said that their fundin9 to US may decrease but we won't know by how much unb'l MKI year. l encourage you all to think about how you can contribute more to KNA. if you haven't already. KNA'S Donate page makes it simple to make regular or one off donations with a Gift Aid Option. Pase do consider KNA in your will. Legacies have provided KNA with COnserable stability over the years. Over the last year we have seen a rise in demand for KNA'S seNices and had to manage appropriately from the perspective of Office and Driving Volunteers as well as stsff capacity. Looking at the statistics for the year, also available in the AGM papers, jobs have settled down a bit after the peak in Covid years, and volunteers have stayed steady last year to this but we would welcome new volunteers to reduce the pressure on existing volunteers and also allow us to do more for our clients. During the year we have had someistaffing changes as well. Linda Redding st8pped down as companionship manager, and we were dellghted to welcome loana Goga to take 0r in July Vicky Griffin also stepp&J down and we welcomed Eddie Thorne in March as KNA'S new Communicats'ons & Matheting Asstant. I give thanks to Abi Palmer, our DirectrK, Gail, Operations Manager. loana and EddKJ, our office volunteers and those who volunteer their help for our ¢lients. Together you have continued to spond cheethlty and professionalty over the last year to provide t best Possib seMGe to our client5. thank you. And finally many thanks to our clients. without wlKim there would be no KNA. Thank you for working with us, for being patient when we newj to get back to you. arKI for your kiThJ words of thank5, Judi Braddock 20th April 2024
KEW NEIGHBOURHOOD ASSOCIATJON AccouKrs Year ended August 312023 Cbarity number . 1196093
Kew NeIghbourtd Assocla 8tatgmgnt of Flnanclal Actlvitle5 for th'e year ended August 312023 2022 Total Fund$ Ganeral Fund Restrfcted Fund Total Fund8 INCOMING RESOURCES From gongrated tund%'. Voluntary incxjme.. GTrnt from LBRLrr Grant from CILS Grant from Richmond Pan6h L8nds- C Grant from Richmond Parish Lands- C¢mpanicffthip 2. 103 Donations and gits 13.797 Invostmenl ino)me 4.987 Actlvltle3 for g•n•rallng fund Fundraislng 1,000 7.177 30.000 13.344 14,217 4,679 7,202 7,202 33,0 2.103 13.797 5,167 267 287 61,356 61.536 RESOURCE8 EXPENDED 71.201 Charl@ arAviti8s 70.608 70,717 60,895 Govemance rxjsts 1,351 950 71,959 158 72,117 61,845 NET INCOMIN{0lrGOlNG) RESOURCES BEFORE INVESTMENT GAINSI(LOSSES) {10,603) (10,5811 9.35e NET (LOSSES) ON INVESTMENTS 13.115) 11121 (3.2271 {13,0821 NET MOVEMEpif IN FUNDS {13.7181 (901 (13,808) 13,7261 FUNDS AT SEPTEM8ER 12022 139.698 5,036 144,734 148.460 FUNDS CARRIED FORWARD AT AUGUST 312023 125.980 130.926 144,734 The notes on pages 7 to 10 fDrm part of acojunts.
Kgw Neighbouthood Association Balance Sheet as at August 312023 2023 2022 Flxed assets Tangible fixed a8s8ts 426 Investments 1,234 143.462 Current assets DebloTS and prepayments Bank Doposit accaunt Hargre8ves Landsdown- c4sh a¢cotsnt Bank curr8nl account 493 119 1.472 8.780 764 154 2,961 10.864 6,783 Credltorn: amounts falllng duo wlthln ona Yoar 2.133 4,937 Nèt Cent as$6ts1{IlaNIIU081 .731 130.926 144,734 Roprwonl•d ty: Gen¢r81 fund Restrlctod fvnd8 11 11 125,980 4.946 139,698 5,036 30,928 144,734 2024 and Sig ilB behalf by Trusts Tru$t88 The notes on pag6s 7 10 10 ICKM part of th aLrounts
Kew Nelghbourhood Associatlon Notes to the accourrts for the oar ended August 312023 1 Accountlng pollclès la Tre awunts have been prepared in accordano wth Actounbng and Reporbng by Chantbes." Statement of Recommended Practice appli12ble lo charities preparing their aUnts in accOrdara wth the Financs Reporting Stanclard applicable in the UK and Republic of Ireland {FRS 1021 leffective January 1 20151- (Charities SORP IFRS 10211, the Finarrial Reporting Standard applk2ble In the Unibj Klngdom and Republlc of Ireland IFRS 102) and the Gharitses Acl 2011. Ibl Donaticffis and other Incl are arAx)unl&J forwtr rec8tved. th the excption of grants and restricted funds. Inlernst from bank deF%)&t ac£ounts is IndUd in the a¢rx)unts on 8 I8h basis as tho eflect 1$ Trjl materially different frrmn usirvJ an acrxuds basi5. Idl Liabilitiss are wni8ed as resourcis expended as sixjn as there is a le9 or oYJnstructive obligation ccrtnmitting the tharity to th8 expanditur All 8xp6ndrtur8 Is 8cccMJnted for on an ar£ruals basis and has been classified under headings that aggregate 811 costs related to the category. Expendittjre indudes any VAT which cannot be ftjlly recov6red. Govemance costs irKlud8 th o)sts assoclated th meeting tho constitutional and stslLrtory requirements of the charity. {el The Gen8ral FbJThl reprnsonts funds for use at tho trustees, di8(xgtion. R88trt¢lod funds ar& fvnd8 whlth have been glven f a spedfic purpose. {fj Tan9lble red assots are statod at cost less depreciation. Depwialion on office equlpmenl Is ¢harg8d al 33.33% per annum. (gl Inveslments he&J as fixed 888ets affj f6V8lued al radrket value 8t the balanL $he8t dale and the galn 011088 tsken lo the Statement of Finandal klivstles. 2. R6sourc•8 oxp•nd•d 2023 R•strlcted Total Fund Fund8 2022 Gwwrnl Fund Totol Fund8 Charltable •xpondttur• Car8lln6s Salaries Pension contribulw)n8 Insurance Donations for socid a¢tlviti8s Fundr81slng expenses Minicab faTes Other expanses Petrol paid lo drlvws Postsge, printing & statlonery Teiephong Computer Rent of office DBS check$ Depr8Ci81ion BefrlendiThJ Inveslment m8nagement fees Advertising Incorporaknon exponses 88 41.404 1,958 684 3,539 282 607 557 4.876 691 2,571 1.350 764 315 425 285 699 48.348 4.039 820 4,039 820 1.888 254 229 928 4,163 254 928 4,163 3,288 1.581 3,288 1.581 274 274 75 578 92 75 21 92 70.608 109 70,717 60.895 Governan¢g costs Independent eXnIn88 fee 1.351 49 950
Kew Noighbourhood Association Notes to the accounts for the year ended Au u¥t 31202> conllnued 3. Stsff costs Four people ar8 nomalty by the charity on a pt 15. The tota emolu f( the year were- gross sal8ri8s of £44.056 plus eMths natiwl in5uranee of £0 (2022- gross salaries £41.404 plus ompbyerfs national insurance £01. Tonglble a•s•ts Office equipment Cost At September 12022 Addlllons Disposals 3,837 At August 312023 Depreclalion Al Sopt6mb8r 12022 chge lor Ygar 2.911 At August 312023 3,816 Net book vdue- August 31 2023 N81 bcrfjk valuo- August 312022 426 5. Inv0mentI Value ol Inv86tmnts al Septort*8r 12022 DI8PO8als at valUaOn 143,462 118,0101 125,452 Loss on revaluatlon 14,218) Carrylng vdue at Au9USt 3120Z3 121.234 Inve8trnents wmprise: Investsm8nts fi8tsd UK Stock Excha 121,234 The original ¢061 of the listed irN•sknents was £124.$88. 6. Debtorn 2023 2022 Other debtors Prepaym8nl8 493 764 493 764 All amounts under debtors fall due for paymérrt wlthin ygar.
Kew Nelghbotsrhood Assoclation Notss to the accounts for the year endod August 312023- contlnued 7. Credttor8: amounts falllng due wlthin one year 2023 2022 Income In advance Actrugd oxp8nsas P8yrdl tax8S 2,642 1,830 465 1.936 17T 2.133 4.937 . Analysls ol lunda Balance Transfer Incomlng Septsmb•r b•twoen rw5011rce8 12022 lunds Resources oxpondgd Balanc• August 312023 Genoral Fund Kew Carer's Fund Richmond CVS Fund Vlllage Fund 139,698 61.356 175.074) {1521 125.980 1,691 3.257 118 (118) 3,255 144.734 61.536 175,3441 130.926 The Kow C4rerf8 Fund was ortginally estpbllshed to F¥ovlde relief lor carérs arKI IS fThV U8ed lo provide Carellne alarns to cllen15 who are lust awve th& IB¥d to qualify for Inr>)m8 suppct. Th1$ fvnd wa8 furh#od by Richmond Philanlhropt Soclety. The Richmond CVS Fund repr98&ts furyl8 avall8bba for spendlng on insurance and a¢cwntsnt'3 f888 only The Village FuTrJ was established to funl the creation of a new website. the trainln8 of volunteers and the creation of a series of films about Kew Neighbourhood Associatlon. 9. M8rg•r of charlljos The buslnes8 and assets ol the unirmrporated (arity nawj Kew Wht>Xjrt AsallOn and wlth th6 charity number 1034340 were taken over by a new Charitable Inrporated Organls81ion ICIOI. registration numb8r 1196093, also named Kèw Neijhbourhood Asso¢iatNJn, on April 1 a)23. The results lor the two charities have bèen merged to showthe total result lor the y88r erkled Augusl 31 2023 in Il* Statement of Financial ActNltles on page 5. An anaty8ls ol financi aclivthes lor the Septemter 12022 ts March 31 2023 April 12023 to August 31 2023 betsveen the two chariti'es is as lollows.. Orlglnal charlty 1034340 119122411&23 cio 1196093 IIM118123 Combln•d totsl Totsl income Total expendira 48,939 143,4471 12,597 {28.670) 61,536 172.1171 N81 In¢omel {expendttur6} Lo$8es on inveslmgnts 5.492 11,4441 {16.073> 11.7831 (10,5811 13,2271 Nel trw)vement In funds 117.856) 113.8081 Al the InMe and expenditure in the Previous year to Al$t 312022 belw to tho unino)rporate(t charity.
Kew Nelghbourhood Assoclation Notos to the accounts for the y•ar ended August 312023- continu 10. Anatysh of assgts bgtwgon charltl•6 as at March 312023 Orlglnal charlty 1034340 3113123 ao 1196093 3113123 Comblnod 3113123 Net ass8ts 148.782 148.782 Repr8sented by Unrestrictgd fund8 Restncled fvnds 143.769 5.013 143,769 5,013 Total fund8 148,782 148,782 11. Anatysh of a¥•ets botwwn funds at August 312023 Flx8d kn¥?nts N•t curr•nt Totsl Gener81 Fund 961 116.288 8.731 125,980 Restrfcted Funds 4,946 961 121234 8.731 130,926