Kington St Michael United Charities (REGISTRATION NUMBER 201283) ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2023
Klngton St Michael Unlted Charltles Charlty No 201283 Trustees. Annual Report for the perlod 1st January to 31st December 2023 1) Prlncl al Office Laundry Cottage 84a Kington St Michael Chippenham Wiltshire SN14 6JA The names of the Trustees serrfing when this rert was approved are as follows: Mr Gery Gamble (Chairman) Mrs Barbara Fenner Mrs Linda Reynolds Mr Michael Lees Mr Adam Allen Mr John Hall The charity is currently unincorporated. A trust deed was sealed by the order of the Board of the Charity Commission on 1 st October 1957. Kington St Michael United Charities is required to have one Trustee from the following t)odies and two Co-opted Trustees. Kington St Michael Parish Council (Mr Gerry Gamble} Kington St Michael Parcthial Church Council (Mrs Barbara Fenner) Kington Langley Parish Council (Mrs Linda Reynolds ) lQngton Langley Parochial Church Council (Mr Michael Lees) CTropted Trustee (Mr Adam Allen) c(Opted Trustee (Mr John Hall)
4) Ob'ectives and activities The purpose of the Charity is to provide housing for the elderty and needy from within the county of Wiltshire. The main activity of the Charity is to maintain the eight Almshouses lo a high standard. The Charty also offers allotments lo members of the public in the village and also from the surrounding area. A new Resident moved into the only vacant Almshouse, No 71, in February 2023. A new Trustee was appointed in March 2023. making a total of six Trustees. No. 20 Kington St. Michael. a previous Ahnshouse, continues to be let out at a commercial rent. Re airs and maintenance The bathroom at No 82a Kington SL Michael, was completely refurbished in August 2023. Routine maintenance continues to be carried out in all the Almshouses. Educational rants The Charity has in the past offered education81 grants but no grants were awarded in 2023. The Trustees confinn that they have had regard to the guidance issued by the Charity Commission on public benefiL 5) Flnanclal Rovi•w The charity was in a reasonably heallhy financial posib'on as at 31 December 2023 as, at this date, £70.380 was held in Ggsh funds, although of these cash funds, £27,204 was drawn down from the Charity Bank on 12 Decernber 2023. Whilst there is no written reserves Fdicy, the tharity must always have funds available for significant repairs to its properties. The majority of the properties were built in the 1600s and are therefore expensive to mainlain. The charity's main source of income is a maintenance charge paid by the residents. In 2023 the charity received £44,600 from this source, (2022 - £51,133), which was 73.70A of total income (2022 - 95.50A). maintenan charge income reduced due to a vacancy in 2023 and because one property (20121 Kington St Michael) was let at a commercial rent from November 2022. This also explains the reductK>n in the proportion of income relating to the maintenance charge. As noted above, 20121 Kington St Michael is let at a ¢X)mmercial renL In 2023, rental income of £14.776 was received.
Other income is derived from allotment rental £632 {2022 - £631) and dividends and interest £246 (2022 - £216). The Charity Bank provided a loan facility of £200.000 in 2020 to pay for works on 20121 Kington St 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. Further drawngs from the loan facility of £132,721 were made in 2022 to pay for works on 82182A Kington St Michael. The balance on the loan account as at 31 Dernber 2023 was £276,822. The propety has been valued at around £525.000. A legal charge has been placed on 20121 Kington St Michael in favour of the Charity Bank. The Charity is considered to be a going concem as it is expected to operate as nonnal for the foreseeable futu with forecast income and existing balanS being sufficient to (x)ver known liabilities. Declarations The Trustees declare that they have approved the Annual Report above. Signed on behalf of the charltys trustees. Signaturn Full name Position Date 05-ot-261+
Report to the Trustees of Kington St Michael United Charities (Charity number 201283) On accounts for the year ended 31 December 2023 as set out on pages 54 Responslbllltles and basls of report I report to the trustees on my examination of the accounts of the above charity {Ihe Trusr) for the year ended 31 December 2023. As the charity's trustees. you are responsible for the preparation of the acix)unts in accordance with the requirements of the Charib'es Act 2011 (llhe ACV). I report in respect of my examination of the Trust's accounls carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent examinerfs statement I have completed my examination. I have identified a matter of concern that gives me reasonable cause to believe that appropriate intemal controls were not in place leading to a material loss of charitable funds. The charity received an invoice from a supplier but with payment details for someone other than the supplier. Despite this, a payment of £3,341 was made. A third party had managed to a¢sS the original email containing the legitimate invoice, amend the payment details and resend it. The Treasurer confinned to the Chairn)an that payment had been made, at which point it became dear that the charity had been the victim of fraud. A new control has been agreed whereby the supplier will be contscted to confirm any change of bank details or Whe payment is requested lo be made to a third party. I confirm that no other 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 accordanc£ wrth section 130 of the Charities Act; or the accounts did not accord with those records. I confirm that there are no other matters to which your attention should be drawn to enable a proper understsnding of the accounts to be reached. Dats i? Z32 Kevin Henderson 7 Kyneton Way Kington St Michael Wiltshire SN14 6RF
CHARITY COMMISSION FOR ENGiAND AND WALES Kington St Wichael United Charities 201283 Rtteipts and payments accounts For the nod from olan-23 To 31-Dec-23 Section A Receipts and payments Unrestricted lun(18 Re5tritted Endowment Total fund6 L*1¢ y••r A1 Recel 151.133 631 23• Renl foi 20 KSII 14TM 14776 1,701 Sub total(Gro&s Income forAR) A2 A•••t•nd Inv••lm•nt 19¥. (see tablo). 05.726 lJ2.M3 b tot• 2T 186J88 319 2.311 6.701 10,056 141,146 19.1 Rqpwr4 rndrien#n 1.742 1.742 1,234 117 79.38 170.162 purchas•s, 6.076 Sub totsl 78 •6Jf2 18423 N•t 01rw{paym•nts) 76 1150 A6 Cash funds la81year end Cash funds this year end 69.611 $911 67.461 69.611
Section B Statement of assets and liabilities at the end of the period Uftrestrictèd Restrict£d funds n•Ar•gt£ Endowment Categorlg9 Details ) n•arw•t£ B1 Cash fund8 6A77 COIFtrfl" Total cash funds Endowment funds to n•4fKt£ Dgtails CthY•rtv•b• tyetalls 83 Inv•8lm•nt a••ots 7241 OIW4ty) h•xL> 4216 &G IWCF) ¢wrwrtyNI Dots118 84 Ae(S retaln8d forth• charlty'• o¥m u Dcrai5s BS Uabllltlos Sqj trus*e¥rm of l the te84 Dat8 of roval SvJn¥bJrE Pfirrt Na 6erard MalaclyGamble