Kington St Michael United Charities (REGISTRATION NUMBER 201283) ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDING 31" DECEMBER 2021
Kington St Michael United Charities Charity No 201283 Trustees Annual Report for the period 1st January to 3151 December 2021 1) Princi al Offica Laundry Cottage 84a Kington St Michad Chippenham Wiltshire SN14 6JA 2) Trustees The names of the Trustees serving when this report was approved are as follows: Mr Gery Gamble (Chainnan) Mrs Barbara Fenner Mrs Linda Reynolds Mrs Julia Roach {previously Hall) Mr Adam Allen Mr John Hall In June 2021 Mrs Betty Bird resigned after 27 years as a Trustee and 50 years as a member of Kington Langley Parish Council. Mrs Linda Reynolds was appoinled as a Trustee in August 2021. 3) Governance The Charity is currently unincorporated. A trust deed was sealed by the order of the Board of the Charity Commission on 1st October 1957. Kington St Michael United Charities is required to have one Trustee from the following bodies and two C(Fopted Trustees. Kington St Michael Parish Council (Mr Gery Gamble) Kington St Mithael Parochial Church Council (Mrs Bart)ara Fenner) Kington Langley Parish Council (Mrs Linda Reynolds) Kington Langley Parochial Church Council (Mrs Julia Roach) Co-opted Trustee (Mr Adam Allen) Co-opted Trustee (Mr John Hall)
4) Ob'ectives and activities The purpose of the Charity is to provide housing for the elderly and needy. The main activity of the Charity is to maintsin the nine Almshouses to a high standard. The Charity also offers allotments to members of the public in the village and also from the surrounding area. In 2021 two new Residents were appointed to the Lytes Almshouses. Re airs and maintenance A Quinquennial Survey of all nine Almshouses was caffied out in the autumn of 2018. The majority of the No 2 priorities in the Lyte Atmshouses were completed in 2021 and are continuing. The Lytes Almshouses, No 69 to 74, were decorated extemally during 2021 and, in addits'on, a new kitchen was fitted at 74. The Quinquennial Report of 2018 also noted a range of necessary but non urgent repairs and renovations for the cottages at 82182A KSM. During the course of 2021. sur4eyors were appointed and a programme of Vrk wa5 prepared and costed by them which then went out to tender. We had great difficu5ty in finding builders to submit tenders for the project due. in the main, to the backlog of work they had from the period of Covid19 "Lockdown". Reluctantly we had to defer our planned start date to 2022 as none of them could give a start date for the works before the spring of 2022. Once tenders were received it was clear that the cost of buildings works both in building materials and labour had significantly increased. We carried out a review of the planned works to reduc£ costs and now have a revised scheme of works that can be commenced in the summer of 2022. Educational rants The Charity has in the past offered educational grants but no grants were awarded in 2021. Public benefit The Trustees confirni that they have had regard to the guidance issued by the Charity Commission on public benefit. 5) Financial Review The charity was in a reasonably healthy financial position as at 31 December 2021 as, at this date. £67.461 was held in cash funds. However. as noted above. considerable vffjrk is required on 82182A Kington St Michael, which will put a strain on existing funds.
Whilst there is no written reserves policy. the charity must always have funds available for signtficant repairs to its properties. The majority of the properties were built in the 1600s and are therefore expensive to maintain. The charity's main source of income is a Maintenan charge paid by the residents. In 2021 the charity received £47.199 from this sour. which was 96.6 /0 of total income (2020 - £51.680}. Maintenance charge income was down due to vacancies. Other income is derived from allotment rental £628 {2020 - £623) and dividends and interest £205 {2020 - £237). The main reason for the reduction in dividends and interest is that £32,000 was withdrawn from the COIF Deposit Fund in 2020 to pay for works on 20121 Kington St Michael. The Chaiity Bank provided a loan facilty of £200.000 in 2020 to pay for works on 20121 Kington Sl Michael, works on other properties and to repay the previous loan from Lloyds Bank. In May 2020, £138,305 was drawn down, to be repaid over 20 years, and as at 31 December 2021. the balance was £130.217. Further drawings from the loan facility will be made in 2022 to pay for works on 82182A Kington St Michael. A legal charge has been placed on 20121 Kington St Michael in favour of the Charity Bank. Declarations Tha trust••s déclare that they have approved the trusteès. report above. Slgned on behalf of the charitys trustees Slgnature Full name Posltlon Date Isq D7lioZ
Report to the Trustees of Kington St Michael United Charities (Charity number 201283) On accounts for the year ended 31st December 2021 as set out on pages 5 Responsibilities and bas15 of report I report to the trustees on my exarnination of the accounts of the above charity (°the Trust") for the year ended 3151 December 2021. As the charitys trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charibes Act 2011 (Wie Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examSnerfs statement I have completed my examination. I confinn that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or The accounts did not accord wilh those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed Date 13 s.lj IOLL Kevin Henderson 7 Kyneton Way Kington St Michael Chippenham Wilts SN14 6RF
CHARITY COMMISSION FOR ENGLAND AND WALES Kington St Mlchael United Charities 201283 Receipts and payments accounts For the rlod from 01-Jan-21 31-Dec-21 Section A Receipts and payments fvnds nds funds Total funds Last yèar to th• to thtr nw•ii£ tDth• h••r••t e to thD n•w•4t£ A1 Retelpts Mainlenanetr charg Alolmenl incom vid6n¢5 47,199 628 47,199 5t,680 623 200 37 331 205 other Incom8 815 815 Sub total(Gross income forAR) 2 Asmt and Inwtment salm, I tablo). P4ew lobn Charil Bank 4B.847 51872 138,230 Sub total 138.230 46,847 191,102 A3Pa Audit and accounti G8rdoni Insurancé Loan intwtsi Numbei 20r21 dowt Nurnbpr 20121 budI Prof•ssional s8NIc&s RepaiF5 and mlenarQ S1r1s #nd wa ts Water L08n 8ppli¢atioD1è68 Loan commlbmenl tse¥ 69 Klngton Sl MIthB Other 25f 115 IOQ1 J81 2,0ts1 2.898 7,134 117.067 9,675 2P,759 1,080 1.723 8.867 20,53 20,539 1.423 1,275 1,275 Sub tot 42.80 176.617 A4 Ass•t and Invostm•nt purehase¥. saè tablg Loan rgpasrynenl 329 4329 39.817 Sub lotal 4529 5.329 39.817 48.132 48.132 216,433 Ngt of receipts/(payments) AS Transfers betw•en funds A6 Cash funds last y•ar •nd Cash funds thls year end 71 715 25,332 66.746 67.461 6Q746 67A61 92.078 66,7*$6
Section B Statement of assets and liabilities at the end of the period Unrestricted funds Restricted fund$ to nwest£ Endowment funds to ty•ar•Bt£ Categodès Deta115 B1 Cash lunds Total cash fvnds 67.461 UnTestrl¢ted fvnds Restrld•d fund to neuesl£ Endowmant funds Details to B2 Other monetary ass•ts ury•ntv•lu• Delairs CoBt 83 Invtment 8¥80ts 7,508 AI&G (WCFl1L>trB 39.997 M&G (WCFI T WI6 Fw¥d l• wN¢h ¢urr•nEI* Detall% L8tsJ arKI 84 ABsets rotalned for th• Chart8 own uso Ivhen du• tional Detail ional 85 Liabilities IN217 Slgned by on8 cf ¢nJ81ees on b8haW of 811 the trustees &gnature Print Name Date of roval Gerard Ma Garne 1310112022 Ad74A Alle¥¥