Charity reWstratw)n number 1196093 KEW NEIGHBOURHOOD ASSOCIATION ANNU.4L REPORT AND Uh'AUDrrED FINANCIAL STATEMENrs FOR THE PERIOD ENDED 30 SEPTE.MBER 2024
KEW NEIGHBOURHOOD ASSOCIATION LEGALAND ADMtMSTtL4TIVE LYFORMATtON Trn8tees K GillatrThomas C Langley C J Weatherill M de Fonb]anque M Keenc M J Cr05S S La Ronde (ApFKTrint¢d 24April 2024) (ApEK)inted 24 April 2024) {App)int¢d I September 2023) K GillatrThomas Chartty number 1196093 PriAclpal Addr Si Lukc's House 270 Satyc0nthe Road Richmond United Kingdom Indtpendeut examluer David Howard Chartered Arcountanrs I Pth Road Hamptott Mfick IQAgston L."pon Thame Surrev KTI 4AS
w NEIGHBOURHOOD A&SOCIATION CONTENrs Page Trustces reN)rt Independent examineds rwrt Statement of fmanctal activities Balance sheet Nvtrs to the financial statcrnents 9-19
KEW NEIGHBOURHOOD A&SOCIATtoN TRusfEES REPORT FOR THE PERIOD ENDED 30 SEPTENIBER 2024 The TThteeS present their annual report and fiDanciai statements for the Period ended 30 Septen)ber 2024. The fttwjcial statements have been preparal tn accordance wtth the accountillg wlicies set out in nots I, to the finan¢ial statements and comply with the Charity's governing document, the Charitics Act 2011 and "Accounting at]d Reporting by CharEties". Statement of Recommended Practice applicable to charities PT¢paring their accounts in aeeord2nce with the FTDancial RqJortin8 sdard applicable in thc UK and Republic of Ireland (FRS 102)" (effective l January 2019}. Objertives and actitReS K¢w Neighbourhwd A&socration (KNAI. 15 a locat charity. that provid&4 support to oldeT ppIe atkd those with limited mobility in the area of Kew. within tbe London Borough of Richmond Thames. Our work over the past fjnanciat year (eTh]ing 30 September 2024). has Continued to ensure we are a core part of. the lo¢al conm)unity. Acro&s the )'ear have ci)ntinued to wovide and develop our main seThi¢e5 to SUPFK)n our neighbours tn Kew: driving to medie&l apFK)intments atKI social activities, comptnionship. gardening and shopping - whiL5t supplemcnting these with our lea l)ox deliycries. volunlLYr and clieni parties, and companionship calls at Christmas. Th¢ golden thread thyougb this WO is %)c&al conlleciion, with everyone involved in KNA'S work developing new and Stronger relationsbips, and contributing to thr community Spirit which is such a strong ftUre of life in Kew In delivering these services we rel}" on th¢ goodsTr"ill. gener05iry, flexibility, comrnilmenL and engagement of our 130 volullle¢rs.' who, supwrted by our small staff teaD4 eLsute we are able to provtde a friendly and reliablc servie¢ to our clients. Public benefil Th¢ Truytees have paid due r¢gard Èo guidan¢¢ issued by the Ch8rity CoEnmisston in deciding what activities the Charity should ulldertake. Achievements and perform*n¢e During the year we seyed our clients and volunteers. and ran two volunteer focus groups to better understand our imp2CL and to learn about hoi¥ we can improv The overall eXlenCe of volunte¢ring for KNA was feli to be a positive one, with over 950/0 of the 59 r¢spondents being either very 58tisficd, or satisfid with the cxpeti¢nce. The rcsults also showed thai a similarly high PTOPOrtion of respondents felt that they were making a difference. gnd around 700/0 of respondents reported fttling mor¢ p)sitive and Tt]ore valued as a Trsult of thcir volunt¢ering with KNA. Over 80/0 of volunteer respondents felt llK¥re cOnnted io their community. The survey responses also highlighted a number of opportunities thr developmcnt tn tcrnis of the training, guidance aJd Sup[ to voluuteers undertaking particular ro1¢5. This feedback has been incrcdibly help1 to shapc how we support our volunte¢rs. IL partjcular, we have started to trial hosted peer support conveTrtl0nS foT ow companionship voluniem. to Ptoyide 8 space for reflection. diSClOn and knowledge sharing. Wc received 60 responscs to our clieJ)t survey, although not all felt able to comment on every question. Overnll, this 5how¢d that thc ¥1 majoriry of clients feli that using KNA'S services had helped them to remain independent. to feel rnorc positive and help thcm io feel more cOnnled to their community. Mucb of the feedback empha8i%ed our elients" positive eApericnce of u.$ing KNA'5 serviccs. with many r¢flecrions on the kindD¢SS. friclldliness, professionalis and ¢ollsider8tion shown by our voluntea5. The fe. installces of more negative fethack reflected occasions 1)ere we hadn't been ablc to wccessfully Enatch a volunteer to 4 client. which reinforces our LOEntnillneni to lry lu meet thesc needs B'herei'er w)ssible
KEW NEIGHBOURHOOD A&SOCIATZO TRUSTEES REPORT (coNfiNUED) FOR THE PERJOD ENDED 30SEPTEMBER 2024 Key events WhÉl¢ the majority of s¢rYices arc deliv¢Ted throughout the ytsr. tbeTr are a few highlight evenis wortb noting-. At the AGM in Marcty we celebrdted our oier the preiious financial year. and Trw¢l¢omed Canoo Nick Derby Iprevious tyustee). to share his reflections on hi5 t1 in Borswa In Jun¢ 2024 we officially closed the old unincoTFKpfdted Aw)ciation iterntion of Kew Neighbourhood Association {chaTity numkr 1034340) and registetEd the me[ witb th¢ new CIO it¢ration. This is the fu)&1 act in the proc¢&8 of the incortx)ratioo of KNA. During the year we enjoyejj h05ting a stall at a number of local ¢¥cnt4 including Kcw Spathlc (Dettmber). Kew Fete {June) and Kew Village Market {Octokn). We also bcnefitted from a fvndraiscr hostcd by Kew Wo¥nen's Istsle, with a demonstration 0[¢baa from Hedy iKuDg at St Anne's Church. Our annual Cli¢ni Summer Party (July), aEkd chra$ Vohmteer Party IDecember) wer¢ a great success, and wc would like to tbank all who contributed. Our parthers and $upporters KNA works closely with a range of partner5 to deliver our mission. tn this year we continued our partnership with The People Hive. based in TiCkenharn, who connect adults with learning disabiltty with their conununity. Their tcatn baye held deliver leaficts spreading the word about our seTYices lo people a¢ros5 Kew. alld helped scrved teas at ow Clirllt Srner Party. We hai'c started a partn¢t5hip H'ith tbe Chatty Café scheme, hosting a Cha café offer ill Kew al the South Street Café in North Sheen R on Monday m<miings: as a Tneans of PTOVTding a different space for people to connect. We want to thank South Srreei Café tor hosting us in this initiative. We have also continued to Work closely with Kew Community Trust and the Avenue Club, who provide sucb an anay of social and tEcreational activtties that support thc wellbeing of our clients, and thank KCT for providing in-kn.nd suptth tIOll8h the venue for our quarterly board Tnc¢tings and client swnmer pany. We also want to acknowledge the support we receive from a ttumber of diffcrertt sources: Riclunond Foundatio {preTriously Riclllnond Parish Lan(ts Chariryi for their ongoing financial sUPPOrt. Age Concern Richmond through their eo-ordinatioft of the Community Independent Living Scheme {CILSj contraci, and th¢ broader cohort of neighknuEho(NJ caTC grou ID Richtttond for their pecr sUpTrrt and advt¢e, as well as RichEound CVS.
KEW NEIGHBOURHOOD ASSOCIATION TRUSTEES REPORT ICOIYllNUED) FOR THE PERIOD ENDED 30SEPTEMBER 21124 We also benefit from a number olKew based cotDrnunity illitiatives that suptK>rt us to both rnÈse fiujds and our local profile, tn paiiicu]&r: Kew Willage Mxrkel Kew Fete, and Kew Sparkle, as w¢ll as a number of local business. parti¢ularly Thc G(MMI Il'ine Shop and Pot Pourri in Kew. We also have bettefitt from the generosiry of th¢ local chur¢hes. partIclar]Y St Anneq. and Livewell in Kcw. pmviding venues for mcetings and events. We would like io thank all those involved frir their contimicd support &Dd partn¢rship. We want to acknowledge ld thank our anmzing volunteers who enable u5 to deliver our work - everyone from the Office Volunteer le&m PTOVtding a friendl}. welcome and etricient service in schcduling Jobs, to our drivers and comp10nS who providc a cheeTfiJl, reliable and supportive tservice to our ¢lieDts. as well as our gardeners. shoppers, relephone 2nd leafld delivery volunteers. Our trustees are aig) part of the volunteer teanL and we would like to acknow'ledge the conthbutton5 of those th0 have stepd down in this financial y¢ar.' Judi Brdddock {previou5 Chair): Andrew Craig (previous Treasurer) and to welcom¢ our ncw Trus*¢5 electfal at the AGM ill March 24: Canon John Weathttill and Chris Langley (Treasurer). Finglly, the tTUSte¢s would like to acknowledge the contribuuon of QUT small srAff and thank thern for their continued hard work Éo enable KNA deliver Tts mi&8ion. Looking ahead As we enter the new financial year. we are starting to l(M)k 8head io KNA'S 51hh antEiversary, which we will celebrate in 2027. This will be a magnificent milestone for th¢ organisatioT4 rcpresenting the hard worL gencrosity and community spirit that thn.ves in Kew. As pan of our preparation for this work w'e will also be devtloping our strategy, fundraising. and comtnunlcaiion plan5. and look ft>rward to again working with Cranfield TrusE to help supw>rt our ihinktng. Most impoTlantly. w'e will continuc to focu5 Our efforts to make Sllte that everyvllc within Ke wbo migbi iKllefit from our SeTr1¢ knows aknul us and ¢an access our gcrvices, wlLilst also building our voluntlg offer lo cnsure it is flexible. sufficiently supported and social opportunities lo stsengthcn these rc]alionsftLiP5.
KEW NEIGHBOURH(M)D A&S(lATIo TRUSTEES REPORT {CONTINUED) FOR THE PEIUOD ENDED 30SEPTEMBER 2024 Our year in numbers KNA welcomed 12 llew volunteers and 32 new clients in this financial yeaT. Tablt I: Number of actlve ellents and voluDt¢ers at ye•r end eompared to the previons veAr inanciaj Year 22-23 nanci#l Year 2>24 /• ¢hnge year year umber of clients 07 15 /0 increase umber of volullteer5 160 149 /. decrease (NB. Inclz4des onl), clients flnd volwitsers who ufedorprobryded the3enpIc in eachyear) Table 2: Number of Jobs deliTrEred aer05s our 5ervi¢es comp•tEd to the prthous year ur senrltes inancial year 22-23 ancial year 2>24 /0 changt year on year riving job$ ,632 30/0 increase ompaniollship elation$hips (at least glitbs durlng ea¢ ear) 13Q/i increase Compallionshlp Trisits .320 I,oio 3&/. decrease hopplng trips 50 51 9Q/o incrcase 4rdening jobs 13 OO•/o inLre25¢ "' eA boxes dellvered arty Tea Box- 28 aty Tea Box- 24 14Vo &creasc hri5tll Tea Box- 190 tmas Tea Box- 195 /¢J iacrc 'hri5tma& ompanionshlp vislts 12 50 decr£ase Thif decrease 15 due ¢0 an odjuylmenl in hom. Companioiuhip hours wvre calculatsd io o more aeeiLrate method after a signijicantperiod ofutimation. *Due ¢0 a timely r¢fre5h ttndf0c on ihe KNA Ganlenipjg Service
KEW NEICHBOURHOOD ASSOCIATION TRUSTEES REPORT (CONTINUED) FOR THE PERIOD EIVDED 30SEPTEMBER 21124 Financial review These ac¢ounts represeot the results for the charAry for the period eJ)ding 30th septemb 2024. Duriiig the period the Charity had incomc resources of £60.429 (2023 £61.536) and a total expenditure of £77.991 (2023 £72,117). As shown in the stateEnent of financial activities. the gain on rei'aluatton and disposA] of investmenLs amounted to £l2,87512023: loss of £3.227) tesultmg in a lo&$ of £4.687 (2023 loss of £13,808). As part of the pmc¢&8 of converting to a CIO. KNA concluded that it would make sense to change it's year end to 30th September. whi¢h meant it was ne¢essary to have a one-oif13 month year. Reserves w)licv The Trust¢es have decidd tbat such unTestricted fiwds not committrd in ta1)]e red assets shovld not f4ll below the level of twelve months Oational expendittre. StrCtur4 governance #nd mllagemettt The TStee$ who Served during th¢ Period and up to thc da of signature of the financial statements were." K Gillan-Thozt C J Weathers11 M de Fonblanque M Keelle M J Cross S La Ronde (Appoinie4124 April 2024) {ApFK)inted 24 April 2024) (Aprx)int¢d I Septanber 2023} RecrnE/meni and appoRntmeREr oftnL%tees KNA seeks to recruit tStee5 who ay¢ reprtstlltallve of the local area atMI who can bring a rJnge of professional 911rJeAtivs to thc role coverinu issu&$ such as Health & Safety. HIL FinaTrce. Fundtaising, etc. Individua15 from atl S10[5 of the local community a consider&L gardle&S of age. se& r¢ITg]o etc. The Trustees report was 8pproved by the Board of TnistKs. K Gtllan-Tho Chairperson
KEWNEIGHBOURHOODASSOCIATtON INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF KEW NEIGHBOLRH(X)D ASSOCIATION I report to the Trustees on my examlnation of the financial statemcnts of K¢w Ncighbovrhood Asbociation (the Charity) for th¢ Period ¢nded 30 Septernber 2024. Responsibilities aDd basis of report As ihe TThstees of the Charittr you are responsible lor the prcpardtion of the fmancial statrments in accordance with the requkrements of the CharitiesAct 2011 (the 2011 Act). I report ill Tespect of my examillation of tbe Charity's financial statements carried urder section 145 of the 2011 Act. In catrying out my examination I bave followcd aIl thc applicable Directsons given by the Charity C.ornmission under sectton 145(5Xb) of the 2011 Aci. Independent examlDer's statement Your attention is drawn to the fact that the charity has prepared financial staterncnts in accordance with Accounting alld Rewtting by Charities prepatiug their accounts in accordance with the Financial Reporting Standard 4)plicable ID th¢ UK and Repllblic of Ir¢land (bRS 102} in preference to th¢ Accounting and Rewrtin¥ by Charities.. stamen[ of RecommendeJJ Prdctice issued on l April 25 which is referred to in the eKtaot regulatiuns but has now becn 'ithdrawtt. uttdcrstand that thi5 has bern done Tn ordcr for financial statemenls to provide a tme and fair view In accordanLt Th'ith Generally Accepted AC)unting Practice effective for reporttllg pcriods beginning on or after l January 2015. I hav¢ compl¢t¢d my exam[ttion. I confirni that DO maticr5 have come to my attention in connection with the examination giving me cause to bclicve that in any tnuterial respccr.. accounting re¢ords wer¢ not kept in rrspxl of the Ctthrity as required by section 130 of the 2011 Act. or the fillanal %tatements do not accord those records" or th¢ financial statements do not comply with Ihe applicable requirements concerning the forni and coATrtent of accounts set Out in the Ctwities (Accounts &nd RepoTts) Regulxiions 2008 other than any requirement that the &¢¢ounts give a true and fair view which is not a matter wnsider1 as part of an illdependent eAaminatiOZL I hav¢ llo concerns and hai'e come across no other matter5 in ¢onDectioD with th¢ ek2llLt[i0n to which attention should be drawn in this rwrt in order to enabl¢ a Prop understanding of the fancial statcments to reached. David Howard Chartered Accountants I Park Road Hampton Wick Kingston Upon Tham&q Surrey KTI 4AS
KEW I¥EIGHBOURHOOD A&SOCIATION sTATFME OF FINANCIALACTrvrrIES INCLUDING COmE AND EXPENDITURE ACCOUThT FOR THE PERIOD ENDED JO SEpfEMBER 2024 Unrestrkted RestrE¢ted funds funds 2024 2024 Total Total 2024 2023 Income from: Donations and legacies Furdraising a¢tivitie5 Investment 54.399 1,887 4.143 54.399 1,887 4.143 56,102 267 5,167 Totsl knLome .429 60.429 61,536 enditsre on". Rdising lunds 1,801 1.801 2.741 Clknritable altivities 76.124 76.1) 69.376 Total eipeDdlture 77,925 77991 72,117 Unrealised gainlOo8s) on investments il 12.875 12.875 13227) Net expenditure for the Peri(h Ilet movement In fulld5 (4.621) (66) {4.687) {13,808) Fund ba]ances at I septern 2023 125.980 4.946 130.926 144,734 Futtd balances at 30 September 2024 121.359 4,880 126.239 130,926 The statement of fillancial activitics includcs all gaiDS and lossts r¢cwId ID the PerÈ(Kl. All income and exp¢ndiwre derive from Lontiouing activities.
kTW NEICHBOURUOODASSOCIATION BALANCE SHEET ASAf30 SEPTEMBER 2024 2024 2023 Notes Fixed assets Tangibl¢ assets Investments 13 14 961 121.234 123,710 Current assets Debtor5 Casb At bank and itl band 123.710 122.195 15 493 10.371 4.650 4.650 Creditors". amounts falling due itht one year 10,864 16 (2,121) (2,133) Net current asscts 2,529 Total assets less current JAbilittes 126,239 130,926 Income funds Restricted funds Unrestricted fundg General fund5 18 4,880 4.946 19 121.359 125,980 121J59 125,980 126239 130.926 The fanCIal statements were approved bv the Tntte5 on....... K CJillan-ThoL Chairperson
KEW NEIGHBOLRHOODASSOCIATION NOTES TO THE FINANCIAL STATEMEMS FOR THE PEIUOD E.VDED30SEPTEMBER 2Q24 A¢¢ountillg polieies Chanty Inforniation Kew Neightrt)urhood AswiatioD was TEgistered as a Charitsble IncoryK>r*tOD Organisation on 11 Octob¢r 2021 and is govfflied by its Constition fornied under an &SSOCiXtion model. 1.1 AccDuntillg eollventio Thc financial statements have IKcn prepared in accordance with ibe Chaw's governing documcnL the Charitlcs Act 2011, FRS 102 'Tbe Financial Reporting Stsndard applicabl¢ in the UK and Republic of Ireland- I'FRS 102") and the Clwitics SORP -A¢couLtAtt8 and R¢potting by Charities.. Statemcnl of Recommended Prdrtice 8ppIic8ble to charities prepariDg their accounts in accordance witb the Financial Reporting Siandard 8ppli¢able in the UK and Republic of ITe1W IFRS 102). {effcctive l January 2019). The Chlty is a Public Benefit Entity (kfinEd by FRS 102. The Charity has tsken advantsge of th¢ provisions the SORP for ChltieS not to prepare a Statemellt of Cash Flows. The fittancial statetnents have departed from the chitIO5 (Accounts and Reports) RegulatioDs 2008 ollty to the extent required to proNÈde a trlle and fatr Triew. This departure has involved following the StsMent of Recommellded Ptaets"ce for charities applying FRS 102 rather th2n the version of the Ststcment of Reconunellded Prnctice which is referred to in the Regulations but whicb has since b¢e Wlthdrawn. The financial statement5 arc prepared in sterliug. which 15 the fim¢tional currency of thc Charity. Monetary 4miounts Tn these rluanciai stst¢mcnts are Thmded to the nearest £. The finaLc2al 51atements have been prepartd under th¢ historical wst convth]tion. The prin¢ipa] accountsng lICieS adopted a set out below. ia Gving CODeern At the time of approi'ing the financial statents. thc Tnte&S have a teasonable expecratson that the Charity has adquate OurceS to continue in Operation cxislen¢¢ for tbe foreseeable fulure. Thus the Trustees continuc to adopl the gotng c07tcem basis of accounting in pwaring the financial stateTn¢nts. IJ Cbxritable funds Unrestricted tunds are available for use at the discretion of the TnJst¢cs Tn furtherall of their rharitable objectives. Restricted fuuds are subject to spe¢ific conditions by dottors a5 to how thry aY be used. The purposes and uses of the restried are set out in the note5 to the financial statements. EndoTnent funds are subject to spe¢ific condÈtion5 by donoT5 that the capital must k mainlained by the Charity. IA Ineome Income is recognised wh¢n the Charity is leJts Ily entitled to it aftu any perfonnance conditions have been me¢ the ajnouois ¢#n be m¢asured reliably.. and it is probable thai income will be receive
KEW NEIGHBOURHOOD A&SOCIATION NOTES TO THE FINANCIAL STATEMENtS (COWnNUED) FOR THE PERIOD ENDED 30SEpfEMBER 2Q24 A¢countiDg pollcles (Continued) Cash doftati0ts5 are recognised on reccipL Other donations are recognised oncc the Charity has been notified of the donation. unless rfOrnIce condilions require defcrral of the amount. Inconie I recoverable in relation to don&tions received under Gift Aid or theds of covenani is recognised at the time of the donatio Legacies are recognised on relp( or othThise if the Charity has been Dotified of an impending di5tributiun. the amouni ib known. and receipt is expecte(L If the amount 1$ not known, the le8ACy IS treated as a ¢ontingcnt asset. 1.5 ExpeDditUT¢ Exp¢ndiNre Ès reeo8nised once ther¢ is a legal or ¢onslrucliv¢ obligaiion to trat)sler economic ben¢fit to a third paty, it is probable that a tsansfer of ¢¢onomic b¢nefils will be Tequir¢d in l&cttlemciiL and tli# amount of the obligation cao be me&wred reliably. Exp¢nditure 18 ClalFIed by activily. The costs of each activity are made up of the lotsl of direct costs nd shdrcd co15, includin8 suppon costs invvlvcd in undertaking ¢aLh aaivity. Direct costs attiibutable lo a single activity are allocated directly to that activity. Shared costs which tontribulL lo mor¢ thali onc activity and $upport c$ which are noi attribuiablc to a single aciivily ar¢ upponioned Eetween tho%e IILtiVlties on a bas'is consistent with the use of resources. Central statycosts are allocated on the b#sis of tiine spent, and depreLiauon charges are allocatrd on the portion of the asset's Use. 1.6 Trnglble fl%ed ets Tungible fixed asS¢ts orc inilially mea5UTed cost and subsequently measured ot CQ5t or valuation, net of deprLLLation and any impairnient losses. Dqbrcciation is rl08n1$cd sa as lo writr off the cost or viluatiOD of &ss¢ts Icss thetr residual valu¢8 over their usefiLI lives on the followin8 bases.. OtTi¢¢ equipnnt 25Yo on Cosi The gain or loss arising on the disp)sal of an asset is determined as the diff¢rcnce between the s81¢ pro¢LYds and the carying value of the asseL and is rewgnised in the statcmEnt of financial activiti¢s. 1.7 Flxed asset IDve5tmettts Fixed ay5et investments Are IDitiAlly mwured pt trdosaciion price excluditig tran5actioll costs, and are .subsequenily measuted at fair VAlue at each rern)rting date. Changes in fair value arc recognised in net incom6'(cxpenditur¢} for the y¢at. Tr2n8action r4)5ts are expensed & incutteil. IA Impairm¥t of Ilxed a55ets At each reporting end date, the Charity reviews the carrying amounts of its tangtble a85¢ts to detennine whether there is any indication that those ass¢ts have suffered an impairnietkt loss. If any wch indicati( cxists. the recoverable amount of the &8set is esiin)aie£l in order detern]Èn¢ the extent of the impairment l(&% (if Any). io-
KEW NEIGHBOLWIOOD A&SOCIATION NOTES TO THE FINANCIAL STATEMENrs (coNriNUED) FOR THE PERIOD ENDED 30SEPTE.VBER 2024 Accou4ting pollcles {ContlDued} 1.9 Cash aud casb equivalellts Cash and G73h equii'alentg include c&sh in hand, deposits h¢ld at call with b#Dks, other short-terni liquid invest¥ncnts with original n)attEtitics of thre¢ months or I, and bank overthaft5. Ballk overdrafis are shown wilhm botrowings in curr[ liabiliikes. l.Iil Financial Instrnments The Charity has elected to apply the provisions of Section I I 'Ba8i¢ Financial Insttiunents. and Section 12 '0ther Fin3u¢ial Tnstnlln¢nts Issues. of FRS 102 to all of its fllwicial InsttumcE. Financial instnlln¢nts are osnised in the ChaTiWs balance sheet when th¢ Charity b<xom¢s party to the ContraCnl provisions of the Énstnunent Financial assets and liabilities are offsei with th¢ net atnounts presented in the fLtwi¢ia] statemenLg, wh¢n ihere is a legally enforceable right to set off ihe recognis amounts and th¢r¢ is an intcnlion to settle OD a r*t basi5 or to redise the a&set and settle the liability SiTnultsneouqly. Bts51cfinanel4Tl&ets Basi¢ financial assets. vthich include debtots and cash 2nd baDk balatw. are initsally measured at transaction pricc including transaction costs and are subsequeDdy carried at atnortised cost Using the effective ititeresl method unltss the 5ttrdngement constitutes a financing tratisa¢tIo wh¢r¢ the transaction is meaSud at the PTf5ent value uf the fulurc r¢ceipts discotEntcd at a market rate of interebt. FiDancial assets classified as receivable within one year aTr not amortised. Bl£flO4claI liabihri Basic fjnancial liabiliues, iucluding creditQT5 and bank loans arc initially recogThi5cd at transa¢tion price Unl the arrnDgement constitutes a fLuatLcing trat)sactioffj where the debt instnunent is measured at th¢ present value of the fllre paymEnts discounted at a market rate of intsL Financial h'abiliti¢s classificd as payabl¢ within one yw are not amortixd. Debt Instrumen subscqucntly Carried at amQrttS CO using the effectiv¢ interest rate method. Trad¢ creditors are obligaltons to pay for goods or services that have been acquired in the ordinary course of operations from supplier5. Amoutits payable are classified as currenE liabilitics ifpayment 15 duc within one year or less. If noL they are presented as non-current liabilities. Trade creditors are Tccognised initially at transactÈon price and subsequently measured at arnortised cost using effective interesi mcthod. Derecogmition OffaNcIal liabiliii Financial liabiliiics are dcrccognised when the Charity's ¢i)nlractual ob[[glon5 expirc or are dischaTged or cancelled.
KEW NEIGHBOURHOOD A&SOCIATION NOTES TO THE FINANCIAL STATEMENTS (coKfLNUED) FOR THE PERIOD ENDED 30SEPTEMBER 2024 Critical Attounting es¢imates and judgell1ts In the application of tbe Chartty's acwunting wlicie4 the Tnle¢S are required to make judgemefti5, estitnates and assumptions about the caryillg amouni of assets and liabib.ties that are noi readily apparent from other sources. The estitnaies and associated assumptiotts ar¢ b&5¢d on historical experienc¢ and other factor5 that are considered to relevant. kntual results may difftr from thes¢ estimates. The estimates and underlying assumptions are reviewed on an ongoing basi5. Rcvisions to a¢counting estimates are re¢oenised in the period in which the esumale is revised where the revision affects only tbat pcrio(L or in the of the revision and fun]Te periils where the revision affecLS both curreni and future p¢riods. Dontlon$ Ind legacies Totsl Tolal 2024 2023 Donations and gifts Income from grAllts 11957 41,442 13.797 42.305 54,399 56,102 Grants iucome Grant from CTLS Grant frtjm Ricbmond Parisb L8nds- Core Grant from Richmond Parish Lands- Companionship 7,782 33,6 7.202 33,0 2.103 41,442 42.305 Fundraising artivAties Unrestrleted Unrestricted funds funds 2024 2023 FundrnisTll8 eY¢nt$ 1,887 267 12-
KEW NEIGHBOURHOOD A&SOCIATION NOTES TO THE FTh ANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 30SEPTEMBER 2024 lttvestments Totsl 2024 2023 Investtneut income 4,143 5,167 Raising fund5 Unrestricted Restrieted fund$ fullds Totsl Totsl 2024 2024 2024 2023 Ckwitable donations Other fi]ndraising costs 105 1287 105 1,287 1,888 254 Fulldraising and publicity 1.392 1,392 2.142 Inve5tm¢TLt tnanasEment 409 599 1,801 1,801 2,741 -13-
KF.W NEIGHBOURHOOD ASSOCIATIO NOTES TO THE FINANCLsTATEmENts (coNrTwuED) FOR THE PEIUOD ENDED 30 SEPTEMBER 2024 Charitable aetivitles 2024 2023 Staff cos(s 62.451 50,385 Share of support costs (see note 8} Share of governance costs (see note 8) 11.899 17.591 1.4(10 76.19) 69J76 AnTi5 by fund Unrestricted fLllMIs Restrirted fimds 76,124 69239 137 76.190 69.376 Support costs Support GoverrÉanee costs t05ts 2024 2023 Insurance Travelling expen5 Sundr)" cxpenses Printings. postag¢ & stationary Telecummunication CotDPUter ruItning c05t Rent Legal expenK Depreciation Advertising 815 2,627 2.670 756 806 2.200 1,014 13 961 37 815 2,627 2,670 756 820 4,392 1.016 544 3,363 .581 764 4,114 2.2(KJ 1,014 13 961 37 92 Independ¢nt Examiner fee 1,840 11.899 13,739 18,991 Analys¢d between Charitable athivities 1.840 13.739 18.991 14-
KEW NEIGHBOuRHD A&SOCIATION NOTES TO THE FINANCIAL STATEMENIS IcohTLED) FOR THE PERIOD ENDED 30 SEPTEMBER 2024 Trustees None of the Tn]stees (or any person5 conne¢ted with them) rtteived any remnetiOll or benefIts from the Charity during the Peri 10 Employees The average monthly nwnber of employ5 during thc Period Ivas: 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries Other pension costs 60.008 2.443 46.346 4.039 62,451 50.385 There were no enwloyees whose aDnual rernun¢ralion was morc than £60.0(KJ. 11 Unreall$ed gginlO055) investments Total Tot 2024 2023 Utwealised Gain1(1) on inveslments 12,875 (3,227) IZ Taxatio The charity is exeTnPt from tax on itKorn¢ and gains falling within section 505 of the Taxes Ath 1988 or seclioll 252 of the Taxationof Chargeable Gains Art I W2 to the exlrnt that thes¢ are applied to its charitable objects. 15-
KEW NEIGHBOURHOOD ASSOCLITION NOTES TO THE FINANCtAL STATEMENTS (COlYnNUED) FOR THE PEWOD ENDED 30SEPTEMBER 2024 13 TAngible fixed u8ets olfi •qulpm•nt Cost At I SeptemFKr 2023 4,777 At 30 September 2024 4,777 Depreciatlon and impainnellt At I September 2023 Depreciation charged in the Perlod 3.816 961 At 30 Septembcr 2024 4,777 Carrylng amount At 31 August 2023 961 14 Flxed asset Investments Ltsted inves¢ment5 Cost or valuatioll At I September 2023 Valuation ¢hanges Di5PUsals 121234 12,875 {10.399) At 30 SeptemE*r 2024 123,710 Carrylng amollnt At 30 Scptember 2024 123,710 At 31 August 2023 121,234 Listed investMts included above: 2023 Listcd iDve5tments carryitig amowtt 123,710 121.234 16-
KEW NEIGHBOURHOOD ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2024 15 Debtors 2024 2023 AmouLts rIllg due wlthin one year: Trdde d¢brS 493 16 Creditors: amouttts falling due within one ve 21124 2023 NoteB Other taxation and social security Def¢rr¢d incorne Accnthls and defeed income 177 20 1,936 17 1.7lO 2,121 2,133 17 Deferred IDeome 21124 21123 Other d¢f¢[d in(x>m¢ 20 18 Restrtcted fllhds The incon7e futM15 of the charity incknde restricted funds comprising the following ullexpended balances uf donations and grdnts held on trnst for specific PUryK)ses: Movemeut ID funds 1 ¥9soufc8s •pd•d 1 SBpknbber •xwdtd 30 S•ptem*)er 2022 2024 Kvw Carer's Fund Villag¢ Fund 1,779 3,257 (152} (118) .691 3255 ((0) 1.625 3.255 116 5,036 (270) 4.946 (66} 4,880 Kew Car¢r's Fund wa3 originally tStablish¢d provid¢ telief for CaT3 and is now used 10 provide eline alanns lo clients .hO are jusi ab)ve the level io qualify for income SUPFrt)rt. This fund was funded bv Richmond Pbilanthropic Soci¢ty. 17-
KEW NEIGHBOLTUIOOD ASSOCtATION NOTES TO THE ANCIAL STATEMENfs (CONTINUED) FOR THE PERIOD ENDED 30SEpfEMBER 2024 18 Restricted fyDds (Continued) The VTllage Fund was ¢stablished to ful the creation of a new websit4 the training of volunÈers and the creation of a series of fiIms about Kew NeighFthrhix>d Associatio 19 Ceneral funds Movement ID fund$ Movement iu funds kncoffll Rtsources Bolance af 1 Septernber resotff¢es •xK*nthd I Sopfwnb•r •xptndad 30 S•ptemb81 2022 2024 CJeneral Fund 139.698 01.356 (75.074) 125,980 73.304 (77,925) 121,359 139.698 61.356 (75.074) 125.980 73J04 (77,925) 121,359 20 knaiysis of net assets between funds Unrestricted Restricted nds fund$ 2024 2024 Total URr¢stricted Re5trlcted funds runds 2023 21123 Total 2024 2023 FLind balancts at .30 Scprember 2024 are repres¢ntl by: Tanble assets Invesimenfs Current Assets/(liabilitics) 961 121,234 123,710 961 121.234 123.710 2.529 2.529 8.731 8.731 126239 126239 130.926 130.926 21 Related party tr4tt5actions There were no disclosable Telated party transactions duting the Period (2023 - none). 22 Outsta4dillg Guarante¢5 Glv¢n by the Charity There were no guardnt¢e5 givcn by the chatity dwing the year. 18-
KEW NEIGHBOURHOOD ASSOCtATION NOTES TO THE FINANCIAL STATEMENTS (coNfLYUED) FOR THEPERtOD ENDED 30 SEPTEMBER 2024 23 Outstanding Debi There is no outstsndin8 debt at the end of the year which is subject lo a charge on the Chartty's assets. 19-