Trustee Report 2024 / 2025
KiP has had a financially challenging year with the Thrive contract coming to an end, the objectives changed from supporting those seeking accommodation to supporting those in accommodation to maintain their tenancy to prevent the numbers of failing tenancies.
We nevertheless secured another year’s RSI funding (Government Rough Sleepers Initiative).
Due to the reduced financial situation, we have lost 50% of the staff.
Whilst there has been a reduction in the staff the demand for the service remains, KiP have successfully managed to meet its aims and objectives.
Continued promotion of the service has seen a continual income flow of funding and work is being done to secure ongoing funding.
The transfer of assets to KiP from another charity winding up, is currently being considered by the Charity Commission. This will help to keep the charity functioning whilst longer term funding is secured.
Alan Olver MBE
Founder and Chairman of the Board of Trustees Honorary Freeman of Telford and Wrekin
Indep•nd•nt oxamln•r's reportto th• trutsg8 of KIP I report on the accounts ofthe Charityfor the period ended 31- March 2025. whlch ar& set out on pages 3 &4. Re•ponslbliltl•• and ba¥ls of roport AS the Charlty's tru8tee8 you are responslble fortho preparatlon of th6 8c¢ount8 In accordance th tha raquirement8 of the Charltle8 Act 2011 Iybe Act-l. I have examined your Charlty accounts 8$ required under s8ction 145 of the 2011 Act and In carrying out my 8x8mlnation I have foll0v the dlrectlon of the Ch8ritles Commlsslon under 8ectlon 14515llbl of the 2011 Act. My role Is to state whether 8ry materl8l m8tt8r8 have com¢ to my attentlon gfvlng m6 caug8 to believe: Th8t accountlng r6¢ord8 were not kept a8 requlred by section 130 ofthe Act: or That the accounts do not accord wlth those records- or 3. Thpt the accounts do not comply wlth the accountlng requirements of the Act: or 4. That thara 1$ further Inform8tion needed for 8 proper undarstgnding of tha 8e¢ount8. Ind•p•nd•nt •x•mln•r* •tat•m•nt I have completed my gxamlnatlon and I have no concern8 In respect ol any of the matter8111 to 141 listed above and In connectlon wlth following the Dlroctions of the Charlty Commlsslon I hava found no matters that rnqulro drawln8 to your attentlon. Namo: Suzanne Thompgon FCCA Sl8n8ture: Addre88: 7 Yew CLo$o Arrnlta8e Staffor(J$hlre WS1S 4TX 18" November 2025
KiP
Income and Expenditure Report
01 April, 2024 - 31 March, 2025
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Sales
4000 - RSI Funding 20,819.00
4001 - Donations Received 6,757.56
4002 - Thrive Floating Support 61,354.05
4900 - Other income 5,000.00
Total Sales £93,930.61
Direct Expenses
Total Direct Expenses £0.00
GROSS PROFIT / LOSS £93,930.61
Overheads
6000 - Marketing 3,835.59
7000 - Employee Wages and Salaries 65,051.42
7020 - Employers NI 4,350.24
7030 - Employer's Pension 1,343.97
7060 - Statutory Sick Pay 163.45
7100 - Rent 11,200.00
7200 - Utilities - Gas & Electric 1,625.87
7400 - Travelling 545.48
7530 - Telephone 723.04
7550 - Computer & Software 1,358.35
7620 - Consultancy & Professional Fees 756.00
7810 - Cleaning 431.59
8200 - General Expenses 149.35
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| 8210 - Subscriptions 417.60 |
|
|---|---|
| Total Overheads | £91,951.95 |
| NET PROFIT / LOSS | £1,978.66 |