Kington St Michael United Charities (REGISTRATION NUMBER 201283) ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2024
Kington St Michael United Charities Charity No 201283 Trustses, Annual Report for the pariod 1st January to 31st Decombgr 2024 al Laundry Cottage 84a Kington St Michael Chippenham Wiltshire SN14 6JA 2) Trustees The names of the Trustees serving when this report was approved are as follows. Mr Gerry Gamble (Chaiman) Mrs Barbara Fenner Mrs Lin'da'Reynolds Mr Michael Lees Mr Adam Allen ov•rnanee 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 Co-opted Trustees. Kington St Michael Parish Council (Mr Gerry Gamble) Kington St Michael Parochial Church Council (Mrs Barbara Fenner) Kington Langley Parish Council (Mrs Linda Reynolds) Kington Langley Parochial Church Council (Vacancy) Co-opted Twstee (Mr Michael Lees) Co-opted Trust (Mr Adam Allen) Co-opted TTUSte& (Mr John Hall - deceased February 2025)
octives and activities The purpose of the Charity is to provide housing for the elderly and needy from within the county of Wiltshire. The main activty of the Charity is to maintain the eight almshouses to a high standard. The Charity also offers allotments to members of the public in the village and also from the surrounding area. No. 20121 Kington St. Michael. a previous almshouse, continues to be let out at a commercial rent Re airs and maintenance Routine maintenance continues to be carried out in all the almshouses. Educational rants The Charity has in the past offered educational grants but no grants were avRrded in 2024. Public benefit The Trustees confimi that they have had regard to the guidance issued by the Charity Commission on public benefrt. 5) Financial Review The charity was in a reasonably healthy financial position as at 31 December 2024 as, at this date, £77.319 was held In cash funds. Whilst there is no wriiten reseNes policy. the charity must always have funds available for significant repairs to its properties. The majority of the properties were built in the 1600s and are thefOre expensive to maintain. The charty's main source of income is a maintenance charge paid by the residents. In 2024 the charity received £47,240 from this Source, (2023 - £44,600), which YRS 73.2% of total income (2023 - 73.79A). Maintenance charge income increased as there was a vacancy in 2023. As noted in section 4, 20r21 Kington St Michael is let at a commercial rent. In 2024, rentsl income of £15.461 was re}Ved (2023 - £14.776). Other income is derived from allotment rental £694 (2023 - £632) and dividends and interest £269 {2023 - £246). The Charity Bank provided a loan facility to pay for VK)rks on 20121 Kington St Michael, works on other properties and to repay the previous loan from Lloyds Bank. As a result a legal charge was placed on 20121 Kington St Michael in favour
of the Charity Bank. The balan on the loan account as at 3lDeMber 2024 was £268,494. The property was last valued at around £525,000. The Charity is considered to be a going concern as it is expected to operate as normal for the foreseeable future wrth forecast income and existing balances being sufficient to cover known liabilities. Declarations The Trustees declare that they have approved the Annual Report above. Signed on behalf of the charity's trustees. Signature Full name Position Date
Report to the Trustees of Kington St Michael United Charities (Charity number 201283) On accounts for the year ended 31 December 2024 as set out on pages 5-6 Responsibilities and basis of report I report to the trustees on my examination of the accounts of the above charty (Yhe Trust") for the year ended 310ecember 2024. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the 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 applicable Directions given by the Chanty Commission under section 145(5)(b) of the Act. Indepondent •xamin•r'6 Statom•nt I have completed my examination. I confirm that no material matters have come to my attention in connection wrth the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in accordan with section 130 of the Charrties Acl., or the accounts did not accord with those records. I confimi that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Signed Date Kevin Henderson 7 Kyneton Way Kington St Michael Wiltshire SN14 6RF
CHARITY COMMISSION FOR ENGLAND AND WALES Kington St Michael United Charities 201283 Receipts and payments a¢¢ounts 01Jan-24 For the riod fiom 314)ec-24 Section A Receipts and payments Unrestricted lunds Restricted funds Endowmont funds Total funds L•sty••r loth• n•4r•Kt to th• nmthtt A1 R•¢ei 47240 4724D Al111.Thi ItK>)mo 632 2•7 207 ifflerosi Ronl br20KSM Ilherwme l)A61 17 ISAfyI 470 14771J 222 Sub tot41(Gross In¢ome for ARJ A2 Asset ond Inv•stment gal•s. s•• tabl•). 6478 27,1 Sub tota 273Ql rotal recwpts 04,541 61.541 A3P4 m•nts SYJ nsL¥t0 Z.502 LthiliiiiK'ru¥l 2,562 ,283 1A72 18.055 1.OBO 1.9?J 19,181 21*05 28JJU 1,090 1.r4z 1.B7l 1¢,lJ3S W.]Tiir 1.923 353 hp.r 5Jg Stsb totaiZ 49273 49.273 79.367 A4 Assat and Investment u¥chases $88 tabl• LO Iyymeni B,321 7,P5 Sub total 57.602 86,912 N•t olr•ewpts/(payments) A6 Transfer5 botw•tsn funds AG ¢a5h funds last y•ar•nd Cash funds this year end Q9J9 70,380 77,319 70J8 77,319 85,611 70.380
Section B Statement of assets and liabilities at the end of the perlod unltrict•d funds to n•4r•stt Restri¢t¢d funds to n•41•¢ Éndowm•nt lunds Categorle5 Dota115 B1 Cash lunds UoydsBarl¢ 76,053 IF rotal cash funds 77A19 Unrnstrt¢t•d funds lunds Dotalls b) nèareste Fund Curr•Trt Y41 etsils COIF InGornoUn#s Co#{opknD 83 Investm•nt ass•ts M&GINAACIFI IS•KLyies 41249 M&GINA4CIF)T 163 FuThd to ass•tb•lon Genernl cuN•ni¥l Detill-, 84 As•ts r•taln•d l¢r th• charity's gwn use Fn0 lo Amourtd¥v onjl Whgn ¢Juo Dot.iil re B6 Llabllltles k LoBn cnoi •4 Slungd by one ortt¥otyusos I Iho truslooG SwJnalu Prfnt Name Oate of roval Gerard Malac Gamble