KiP Annual Report 2023 / 2024
We stepped forward into 2023/2024 with many challenges ahead of us.
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To secure additional funding, as the Thrive contract is due to come to an end in March 2024.
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To establish KiP as a legal entity in its own right
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To secure a new base to operate from as we moved away from Maninplace.
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To appoint a Lead worker and Urban KiP worker,
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TUPE staff across to KiP
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Set up systems, procedures, and policies for the new charity.
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Open a new bank account
As we present this annual report with accounts, we can confirm that we have successfully achieved within the financial resources available, six of the seven challenges, leaving us with the systems and policies still to work on and finalise.
The success of the year is down to the commitment and endurance of the staff who have manage the changes in a commendable way that made the transition for customers and themselves achievable. Also to fellow trustees for their commitment and support in achieving what we have.
We acknowledge with thanks the many who have supported us in so many ways, including Stay - Telford, Wellington YMCA, Telford & Wrekin Council, the Mayor of Wellington and many from the Community and Churches. Thank you!
Alan Olver MBE
Founder and Chairman of the Board of Trustee Honorary Freeman of Telford and Wrekin Wrekin
Independent examiner's reportto thetrustees of KIP I report on the accounts of the Charity for the period ended 31. March 2024, which are set out on pages 3 & 4. Responslbllltles and basis of report As the Charity's trustees you are responsible for the preparation of the accoullts in accordance with the requirements of the Charities Act 20111"th8 Act"). I have examined your Charity's accounts as required under section 145 of the 2011 Act and in carrying out my examination I have followed the direction of the Charities Commission under section 14515llbl of the 2011 Act. My role is to state whether any material matters have come to my attention giving me cause to believe- 1. That accounting records were not kept as requlred by $ectlon 130 of the Act: or 2. That the accounts do not accord with those records; or 3. Th8t the accounts do not comply with the accounting requirements of the Act,. or 4. That there Is fuiihor informatlon needed for a proper understanding ol the accounts. Independent examlner'$ stat6ment I have completed my examination and I have no concerns in respect of any of the matters111 to 141 listed above and in connection wlth following the Directions of the Charity Commission I have found no matters that require drawing to your attention. Name.. Slobhan Atkin-Brown Signature: /1 Addres8: 48 Smallhlll Road Telford Shropshire TF4 2FW Date: 23" january 2025
KIP Profit and Loss Report 01 Awil. 2023- 31 Msrch. 2024 Sa185 4000- RSI Funding 13,880.00 4001 Donations Received 37.00 4002- Thrive Floating Support 65,689.11 4900- Other incotne 0.01 Total Sale5 £79,606.12 Direct Expenses 5000- Urban KIP 11,477.92 5001 Thriv& Floating Support 54,125.88 Total Dlrect Expenses £65,603.80 GROSS PROF I LOSS £14,002.32 Ov•rhoads 6000- Marketing 117.50 7100- Rent 4.800.00 7200- Utilities- Gas & Electric 198.71 7400- Travelling 97.30 7600- Legal Fees 89.60 7800- Repairs and Renewals 387.26 7810- Cleaning 480.00 8200- General Expenses 128.04 8220- Clothing Costs 276.00 Total Ovorh•ads £6,574.41 NET PROFIT I LOSS £7,427.91 23 Jan 2025 10'.08 Pagolof1
KiP
Balance Sheet Report
To: 31 March, 2024
| ASSETS | ||
|---|---|---|
| Fixed Assets | ||
| Total Fixed Assets | £0.00 | |
| Current Assets | ||
| 1200 - Bank Account | 36,064.94 | |
| 1210 - Cash | 61.41 | |
| Total Current Assets | £36,126.35 | |
| TOTAL ASSETS | £36,126.35 | |
| LIABILITIES | ||
| Current Liabilities | ||
| Total Current Liabilities | £0.00 | |
| Future Liabilities | ||
| Total Future Liabilities | £0.00 | |
| TOTAL LIABILITIES | £0.00 | |
| TOTAL NET ASSETS | £36,126.35 | |
| EQUITY | ||
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| 3200 - Capital introduced | 28,698.44 | |
|---|---|---|
| Net Profit / Loss | 7,427.91 | |
| Net Profit / Loss (current year) | 7,427.91 | |
| TOTAL EQUITY | £36,126.35 |
21 Jan 2025 14:42
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