## KAIROS HOUSING
Report and Accounts Period ended 31st March 2023
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **KAIROS HOUSING**
## **LEGAL & ADMINISTRATIVE DETAILS**
## **FOR THE PERIOD ENDED 31 MARCH 2023**
ADDRESS FOR CORRESPONDENCE 42 KING STREET BLACKBURN BB2 2DT GOVERNING DOCUMENT Constitution dated May 2022 Registered with Charity Commission 4th May 2022 CHARITY REGISTRATION NUMBER 1198820 TRUSTEES RESPONSIBLE FOR Angela Shanks MANAGING THE CHARITY Emily Jones (resinged 12 November 2023) (All appointed 25th May 2022) Anna Catharina Magdelena ten Cate Hein Ten Cate Deborah Smith John East Aftab Alexander Mughal Stephen Norcross (resigned 15 December 2022) Charles Gent (appointed 6th June 2023) BANK CAF Bank INDEPENDENT EXAMINER Lisa Darby FCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB **INDEX** Page 1 Legal & Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Pages 7-8 Notes to the Accounts
Page 1
## **KAIROS HOUSING**
## **REPORT OF THE TRUSTEES**
## **FOR THE PERIOD ENDED 31 MARCH 2023**
The Trustees have pleasure in submitting the Report and Accounts for the period covering 4th May 2022 to 31 March 2023.
## **Objects of the charity**
The charity is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are to provide accommodation, practical and holistic support to asylum seekers, refugees and other migrants at risk of homelessness within Blackburn with Darwen and such other parts of the North West of England as the trustees may from time to time see fit. Kairos Housing does this to demonstrate the love of Jesus.
## **Summary of the charity's main activities and achievements**
To further the above objects and vision, the charity's main activities and achievements were as follows:
During this first year, Kairos Housing established itself as an independent charity. Trustees were appointed and the charity gained its own bank account. Arrangements were made for Stewardship to provide a yearly independent review of the accounts. Funding for a Support Worker and a Project and Fundraising Manager was achieved and they were appointed. Strong links with local churches were maintained and links with ARC Blackburn and services within the local council were strengthened. The charity provided support and accommodation for refugees and asylum seekers in 4 shared flats in Blackburn.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
## **Financial review**
The charity raised income of £48,892 and incurred expenditure of £36,372 resulting in a surplus of funds at the year end of £12,520. These funds are held in the bank account, £12,451 of which are restricted for purpose. During 2022-2023, the restricted Project Manager Fund created a loan for £12,000 to the General Fund to support the charities operational costs. This loan has been fully repaid during 2023-2024.
## **Reserves policy**
The trustees are currently considering a formal reserves policy, which will be in place for the next annual set of accounts.
Page 2
## **Risk statement**
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
## **Responsibilities of trustees**
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
## **Angela Shanks**
___________________________ ANGELA SHANKS (CHAIR)
Date: 26 January 2024
Page 3
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **KAIROS HOUSING**
I report to the trustees on my examination of the accounts of Kairos Housing ('the charity') for the period ending 31 March 2023 on pages 5 to 8 following.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Lisa Darby**
Lisa Darby FCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: 29 January 2024
Page 4
## **KAIROS HOUSING**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **FOR THE PERIOD ENDED 31 MARCH 2023**
|Notes
**_Income receipts_**
Donations
Gift aid receipts
Other grants
Income from letting of facilities
Interest Income
Other
**_Total receipts_**
**_Payments_**
2
**_Total payments_**
Transfers between funds
4
**Net movement in funds**
**Cash funds at 31st March 2023**
A
Net of receipts / (payments) before
Grants paid in relation to charitable
activities undertaken by others
Payments in relation to charitable
activities undertaken directly||Unrestricted|Designated
Funds
£
-
-
-
-
-
-
-
-
-
-
-
Funds|Restricted
Funds
£
1,500
-
35,739
-
-
-
37,239
9,596
-
9,596
27,643
(15,192)
12,451
12,451|2023
£|
|---|---|---|---|---|---|
|||General
Funds
£
6,403
-
2,000
2,725
25
500
11,653
26,776
26,776
(15,123)||||
||||||7,903
-
37,739
2,725
25
500|
||||||48,892|
||||||36,372
-|
||||||36,372|
||||||12,520
-|
|||15,192|-|||
|||69
69|-
-|||
||||||12,520|
||||||12,520|
The notes on pages 7 - 8 form part of these accounts.
Page 5
## **KAIROS HOUSING**
## **STATEMENT OF ASSETS AND LIABILITIES**
## **FOR THE PERIOD ENDED 31 MARCH 2023**
|Notes
**A Cash funds**
Cash at bank with immediate access
Notice deposits
Petty cash
**B**
**Other monetary assets**
Gift aid due to charity
Other debtors
**C**
**Liabilities**
**Falling due within one year**
Duplicate gift to be refunded
Fee for Independent Examination
Accrued expenses
**Total**|General
Designated
funds
funds
£
£
69
-
-
-
-
-
**-**
**-**
-
-
-
-
**-**
**-**
500
-
840
-
1,172
-
2,512
-
Unrestricted Funds|Restricted
funds
£
12,451
-
-
**12,451**
-
-
**-**
-
-
-
-|31st March
2023
£|
|---|---|---|---|
||||12,520
-
-|
||||**12,520**|
||||-
-|
||||**-**|
||||500
840
1,172|
||||2,512|
## **D Guarantees and secured debts**
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf by:
## **Angela Shanks**
___________________________________ ANGELA SHANKS (CHAIR)
Date: 26 January 2024
The notes on pages 7 - 8 form part of these accounts.
Page 6
## **KAIROS HOUSING**
## **NOTES TO THE ACCOUNTS**
## **FOR THE PERIOD ENDED 31 MARCH 2023**
## **1 Accounting policies**
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
## **2**
|Unrestricted Funds
General
Designated
funds
funds
£
£
**Payments in relation to charitable activities undertaken directly**
Staff costs
6,907
-
Operation costs including adminsitration
2,330
-
Rent
-
-
Maintenance of buildings & equipment
2,650
-
Utilities
14,506
-
Charitable donations to individuals in need
50
-
Independent examination
-
-
Drop in Provision Expenses
333
-
26,776
-|Restricted
Funds
£
6,344
-
-
-
3,001
251
-
-
9,596|Total
Total
2023
2021
£
£
13,251
-
2,330
-
-
-
2,650
-
17,507
-
301
-
-
-
333
-
36,372
-|
|---|---|---|
The accomodation use by the charity was donated by the landlord for this financial year.
Page 7
## **KAIROS HOUSING**
## **NOTES TO THE ACCOUNTS**
## **FOR THE PERIOD ENDED 31 MARCH 2023**
## **3 Transactions with related parties**
There were no transactions with related parties during the year
## **4 Movement of funds**
|**vement of funds**
General funds
Restricted funds
Project Manager Fund
Warm Meals Fund
Vicar's Relief Fund
Specific Donations Fund
Destitution Fund
Total funds|Opening
balance
£
**-**
-
**-**
**-**|Receipts
£
**11,653**
28,989
750
500
2,000
5,000
**37,239**
**48,892**|Payments
£
**(26,776)**|Transfers
£
**15,192**
(12,000)
(750)
(500)
(1,942)
-
**(15,192)**
**-**|31 March 2023
Closing
balance
£
69
7,645
-
-
58
4,749|
|---|---|---|---|---|---|
||||(9,344)
(251)|||
||||**(9,595)**
**(36,372)**||**12,451**|
||||||**12,520**|
The Project Manager Fund was created to track the expenditure of the grant received from the Lancaster Foundation to fund the new post. The Warm Meals Fund was created by a grant from the local council for the months January - March 2023 for the provision of hot food. The Vicar's Relief Fund was created to manage donations received specifically for guests expenses including deposits. The Specific Donations fund holds two donations received in this period relating to specific rennovation and equipment purchase grants The Destitution Fund was created by a donation received during the year specifically for payments to destitute people in need.
## Transfers during the year:
Restricted fund monies were transferred to General funds when expenditure was incurred there in relation to the purpose of the fund.
The Project Manager Fund loan of £12,000 was created to subsidise the spend in General Fund during the first year of operations and was repaid during the charities second year.
Page 8