## **KiP Annual Report 2023 / 2024** 

We stepped forward into 2023/2024 with many challenges ahead of us. 

- To secure additional funding, as the Thrive contract is due to come to an end in March 2024. 

- To establish KiP as a legal entity in its own right 

- To secure a new base to operate from as we moved away from Maninplace. 

- To appoint a Lead worker and Urban KiP worker, 

- TUPE staff across to KiP 

- Set up systems, procedures, and policies for the new charity. 

- 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**|||
||||



21 Jan 2025 14:42 

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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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