Kington St Michael United Charities REGISTRATION NUMBER201283 ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDING 31st DECEMBER 2022
Kington St Michael Unrted Charities Charity No 201283 Trustees Annual Report for the period 1st January to 31st Dember 2022 1) Princi l Office Laundry Cottage 84a Kington St Michael Chippenham Wilishire SN14 6JA 2) Trustees The names of the Tntstees serving when this report was approved are as follows.. Mr Geny Gamble (Chainnan) Mrs Bart)ara Fenner Mrs Linda Reynolds MrAdam Allen Mr John Hall Mr Michael Lees On the 31st May 2022 Mrs Julia Hall resigned as a Trustee. 31 Governance The Charity is currently unincorporated. . A trust deed vras sealed by the order of the Board of the Charity Commission on 1 st October 1957. Kington St Michael United Charities is fequired to have one Trustee from the following bodies and Iwo COW Trustees. Kington St Michael Parish Council (MT Gery Gamble) Kington St Michael Parochial Church Council (Mrs Barbara Fenner) Kington Langley PaTish Council (Mrs Linda Reynolds) Kington Langley Parochial Churth Council (Mrs Julia Hall-unb'l 31st May 2022) Cwpted Trustee (MrAdam Allen) CoThOPted Trustee (Mr John Hall)
ectives and activities The purpose of the Charity is to proVe housing for the elderly and needy. The main activty of the Charity is to maintain the nine Almshouses lo a high standard. The Charity also offers allotrnents to members of the public in the village and also from the surrounding area. There were no new residents in 2022. h(P•Ver rt was necessary for a resident in No. 71 to move into a care home leaving one vacancy. In June the resident of No 20 vacated propety. The Trustees had numerous discussions on whether this propety suitable as an Ajmshouse or whether it should be rented out or sold. the funds then being used for the benefrt of the remaining Almshouses and repayment of any outstanding loan. Research was cairied out as to whetrEr this was pemirtted. No. 20 was rented out and on 5th Novembei new tenants moved in. Re airs and maintenan A complete refurbishment was carrd out in the vacant Almshouse. No. 71. Redecoration and carpeting throughout in No. 73 was completed. Major renovation work commenced in August 2022 on Nos. 82182a' this being an extensive refurbishment of the whole house. In order to carry out this vlork it was necessary to have an increased loan from the Charity Bank. All works were completed at thè end of 2022. Educational rants The Charity has in the past offered educational grants but no grants were awarded in 2022. Public benefft The Trustees confiryn that they have had regard to the guidance issued by the Charity Commission on public benefft. S) Financial Review The charty was in a reasonabty healthy financial position as at 31 December 2022 as, at this date, £69,611 vS held in cash funds. Whilst there is no written reserves policy, the charrty musl always have funds available for Snffjcant repairs to its properties. The rnajorty of the properties were buift in the 1600s and are therefore expensNe to maintsin. The chanty's main Sour of income is a maintenance charge paid by the residents. In 2022 the charity received £51.133 £47.199 from this source, which was 95.50/0 of total income (2021- £47.199}. maintenan charge income was up there were
vacancies in 2021. Othef income is deTTved from allotment rental £631 (2021- £628) and dividends and interest £216 (2021- £205). The Charity Bank provtrjed a loan facilty of £200.000 in 2020 to pay for wotks on 20121 Kington St Michael. works on other properties arKI to repay the previous loan from Lloyds Bank. In May 2020, £138,305 ¥Yas drawn down, to be repaid over 20 years. and as at 31 December 2021, the balance was £130.217. Further drawings from the loan facilty of £132,721 were made in 2022 to pay for worf(s on 82182A Kington St Michael. The balance on the loan account as at 31 December 2022 was £256,875. A legal chaTge has been placed on 20r21 Kington St Michael in favour of the Charity Bank. 6) Serious Incident The Charity Commission has rules in pla for the reporting of serious incidents, which indudes loss of the charty's money or assets. Unfortunately, as set out below, the ChaTity was subje(# to a serious incident in August 2023. Although this did not occur in the peri(Kl covered by this report, the Charty consmlers it appropriate to bring this to the attention of reajers. The inadent has been reported to the Charity Cornm10n by the Charity's Independent Examiner but the Charity ts yet to do so. The charity received an invoice from a supplieT, which the Chainnan fOarded to the Treasurer for panent. This was a legitimate invoice and was therefore paid. Subsequently, the Treasurer receNed an email, which appeared to be from the Chairman, which contained another invoice for the same amount but with payment details for someone other than the supplier. Despite this, a further payment of £3,340 was made. It appears that a third party had managed to access the onginal email containing the legrtimate invol. amend the payment detsils and resend it. The Treasurer confimied to the Chairman that payment had been made. at which point rt became dear that the chafty had been the victim of a scam. The fraud was reported to ts chawiiVs bank and Acts'on Fraud but the chaiity was told that no action could be taken as the fraudulent payment arose as a result of single point of failure i.e. the Treasurerfs failure to check the bank detsils. A new control has been agreed vknereby the supplier will be contscted to confimi any change of bank detsils or where payment is requested to be made to a third party.
Declarations The trustees declarn that they have approved the trustees. report above. Signed on behalf of the charity's ttee$ Signature Full name Position Data
Report to the Trustees of Kington St Michael United Charities (Charity number 201283) On accounts for the year ended 31st December 2022 as set out on pages 6-7 Responsibilities and basis of Yeport I report to the trustees on my examination of the accounts of the above chanty Trustl for the year ended 31 St December 2022. As the charity's trustees, you are responsible for the preparth.on of the accounts in accordance wrth the requirements of the Charities Act 2011 (Ihe Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the appluble Directions given by the Charty Commission under section 145(5)(b) of the Act. Indapendont examin•rfs statement I have completed my examination. I confirm that no material matters have come to my attenb.on in connection with the examination which gNes 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 with those records. I have no concerns and have come across no other matters in confCtion 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 b 644 (ts 2uL4 Kevin Henderson 7 Kyneton Way Kington St fvlichael Chippenham Wilts SN14 6RF
CHARITY COMMÈ5510N FOR ENGIANO Atr4D WAI F5 Kington St Michael United Charities 201283 Receipts and payments accounts For tho 01-Jan-22 To 31-D22 Section A Receipts and payments Unrestrltted hjnds fund5 Total fvnd6 La8t yur Al Ro¢elpts 51.133 831 47,1 6Jt RemtyxiKSM Sub totsl(Gross incom& forARJ A2 Assot In¥•¥tsn•th 8alo5. Isee tablel. I87 tot4 131••J Tot•1 r•Wts 18,847 A3Pa ment• 310 L¢•D irtww¢ 6,701 701 20N65 8.867 20.839 1.080 1.962 R¥0 rnaD*n 141241 1.321 IA13 1,Z71 89 Sl Cmher 1n.102 42M03 A4 As1 and Inw•tm•nt urch8, lset tsbl• 5.32• Sub total 48,132 N•tof r8ee1p(yYmeftts1 A5 Transtsrn between funds Afj Cash fund5 last year end Cash funds this Yrend l150 2.160 STA61 69,611 67A61 59.611 66,746 67,46 Section B Statement of assets and liabilities at the end of the period untrted Restricted funrls by rrnt£ Endowment funds to Theale£
B1 Cash funds Tglal cash fvnds 69.611 nds trj n•4Mt£ D811$ ¢wr•ntvdu• Details 83 Investment ags•ts Glwmcw Ly 4OJ13 G (WCF)TVIP Fynd towh D•talls 84 ASlS rètalned for tho ¢harity'8 own usè du• DÈ1211s 85 Uabllltl 2S6,876 Sned try0neorh1vtrL bth4f( 811 the Iiustee5 SKJnatur• Pnnt Narne Dato of roval Gerard Mala Gamble