KENILWORTH UNITED CHARITIES
Registered Charity Number: 215376
ACCOUNTS
FOR THE YEAR ENDED
31 DECEMBER 2023
KENILWORTH UNITED CHARITIES RECEIPTS AND (PAYMENTS) ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
1 Trustees annual report 5 Independent Examiners Report 6 Receipts and Payments Accounts 7 Statement of Assets and Liabilities
Trustees Supplementary Information 8 Investment Performance Review 9 Detailed Receipts and Payments
KENILWORTH UNITED CHARITIES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report and the unaudited receipts and payments accounts of the charity for the year ended 31 December 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name
Kenilworth United Charities
Charity number
Trustees
215376 Mrs H P Bolton Mrs M Hamper Mr P Griffiths Mr G Illingworth Mr C Nelson Rev A Attwood Cllr T Drew - resigned 4 May 2023 Cllr P Austin - resigned 4 May 2023 Mr R Blacklock Mr D Morgan Cllr A Insley - appointed 4 May 2023 Cllr A Summers - appointed 4 May 2023 Cllr A Marsh - appointed 4 May 2023
Accountants
Clerk
Business address
Varney Barfield and Co 6 Corunna Court Corunna Road Warwick CV34 5HQ Mr D J Plant 29B Warwick Road Kenilworth CV8 1HN
STRUCTURE
The Kenilworth United Charities are formed from the following Charities in the Ancient Parish of Kenilworth in the County of Warwick. The United Charity was registered on 11 February 1963 under the Scheme of the Charity Commissioners dated 5 February 1960. The Charities are governed by the trustees in accordance with the trust scheme.
The Charity of William Brooks The Charity of Thomas Earl of Clarendon The Charity of Thomas Cook The Charity of Thomas Councell The Charity of George Denton The Charity of Mary Dolphin The Charity consisting of the Share of Alicia Duchess Dudley's Charity applicable in the said ancient parish The Charity of Thomas Johnson The Charity of Francis Power The Charity of Edward Simpson The Charity of Thomas Sutton The Charity consisting of the Share of the Charity of Mary Turner applicable in the said ancient parish The Charity of Joseph Tyrer
The Charity consisting of the Share of the Coat and Gown Charity of William Edwards applicable in the said ancient parish, regulated by a scheme of the Charity Commissioners of 15 June 1909 (varied 15 December 1953) The Charity of Stephen Waite as regulated by the Scheme of the Charity Commissioners of 19 June 1914 The Charity of Miss Ethie Gilbert Dennison as regulated by the Scheme of the Charity Commissioners of 18 July 1963
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KENILWORTH UNITED CHARITIES TRUSTEES ANNUAL REPORT cont FOR THE YEAR ENDED 31 DECEMBER 2023
GOVERNANCE AND MANAGEMENT
Normally the trustees meet quarterly with a formal agenda and minutes at the Town Council Chambers. All meetings in the year were quorate. Between the scheduled meetings there continues to be frequent contact by email and telephone to keep all trustees up to date and also to deal with any urgent requests for assistance which cannot wait until the next full meeting.
Nomination of the nine trustees is as stated in the charity scheme documents. These shall be the vicars of the Parish of St. Nicholas and the Parish of St. John the Evangelist, two trustees nominated by Kenilworth Town Council, and one from Warwick District Council and two or more co-opted trustees. Kenilworth no longer has a Justices of the Peace. The vicar at St Johns Parish has nominated another person to represent him at our meetings which is now in place. The vicar of St Nicholas Parish left the post in 2022 and the temporary replacement is Mr David Morgan until a new vicar is appointed.
The two parishes may send representatives in place of the vicar. St Nicholas Parish has opted to do so and so has The Rev. Andrew Atwood of St John's Church. They attend meetings and contribute to the management of the charity. The newly appointed St Johns representative attends meetings in place of Andrew Attwood.
Councillor representation changed during 2023 as a result of local elections: Tracey Drew and Pippa Austin were replaced by Alison Insley, Akira Summers, Adrian Marsh.
Mrs Helga Bolton continues to be the chair of the KUC with the full approval of the other Trustees.
OBJECTIVES AND ACTIVITIES
The United Charities is one of a large group of charities formed 'for the relief of poverty' and our aim is to continue this role with relevance to the circumstances of the 21st century. Eligibility for assistance is restricted to people living within the old parish boundaries of the town but the town has grown enormously since the charity was formed and we are conscious there are many people who are struggling in the present economic climate who may need help. The Trustees were hoping to amend items in the Governing Document in 2020 with the approval of the Charity Commission. We recognise that we need to change existing wording in the document in order to expand the geographical area and also use the term ‘Ladies in Need.’ However, due to restricted opportunities for discussion the Trustees decided to leave the document as it currently exists, as it does not detract from our main business objectives. No changed have been made to our Governing Document
We are aiming to be available to the town as a whole and to provide assistance to a wide a range of people in accordance with the need to be of genuine public benefit. For example, in the past there has perhaps been an - erroneous - impression that the Kenilworth United Charities existed mainly to help older people. This is not true and we have been successful in refocusing our attention more towards the needs of young people and families with children. The partnership with the Citizens' Advice and Compassionate Kenilworth is of course the chief way in which we reach out to offer help to all members of the community, and continued to do so during 2023
Historically in 2015, the United Charities was approached to assist with funding for introducing a youth counselling service, which was successfully agreed with the Trustees approval. This arrangement continued to be successful during 2023. The Trustees receive an annual report regarding the progress and uptake for each of the services.
In 2021, the Trustees were approached with a request to contribute to funding a Project Manager of a new Charity called “Compassionate Kenilworth”. Again it was unanimously agreed that Kenilworth United Charities would totally fund this very worthy new role for 12 months. The funding for the Project Leader for Compassionate Kenilworth has been extended to 2023.
Working closely with Compassionate Kenilworth enables KUC to achieve our own objectives to providing support to the wider Community of Kenilworth. During 2023 we were also able to contribute to the funding for School Lunch Vouchers as well as funding the expansion of youth worker hours at the local Secondary school.
The Trustees have compiled with their duty to have a due regard to the guidance on public benefit, published by the Charity Commission in exercising their powers or duties.
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KENILWORTH UNITED CHARITIES TRUSTEES ANNUAL REPORT cont FOR THE YEAR ENDED 31 DECEMBER 2023
ACHIEVEMENTS AND PERFORMANCE
Almshouses
The Almshouses in High Street are maintained and managed by the charity. During 2023 all four of the Almshouse flats became fully occupied and remain so. The Trustees firmly believe that there is a place for the Almshouses in the 21st century but that they must be well managed and responsive to the needs of local people and not necessarily with practices that may have been followed in the past. The programme of improvements to the building continued during 2023 along with the general upkeep of the building and in line with legislation requirements.
Trustees continue to meet with the Beneficiaries annually in order to provide a platform for discussion of any concerns or issues the Beneficiaries may have. This exercise has proved to be invaluable for ensuring good communication channels, relationships and Almshouse improvements. Expenditure for maintaining the Almshouse is considerable in contrast to the other causes we support.
Citizens Advice Bureau
The service provided by the Citizens' Advice Bureau, now known as Citizens Advice in CV8', is funded indirectly by the grants we receive from the Alice Duchess of Dudley Trust which we appreciate very much. The charity has been able to increase the funding of CA hours from four hours per week to six hours, with a full uptake of available appointments and this continues to be the case. An analysis of appointments shows a range of problems, the most numerous being related to benefits and debt. The sessions are held in the Library, in the private interview room, with a staff member of the CA team, with the bookings being made by the Citizens Advice staff. Appointment vacancies are made available each week for last minute drop in requests. The availability of this service has brought forth a previously unmet level of demand, in that new clients are coming to it because it is accessible and local. We are very proud of initiating this project. Citizens Advice keep us updated with an annual report regarding the uptake of the service. During the Pandemic Lockdowns, the Library was closed to the public, however the invaluable service was able to continue via phone links to Citizens Advice helpline which brought forth many requests for support from many avenues of need.
Youth Counselling Service
Kenilworth United Charities agreed to fund a youth counselling service for one day per week, which provides a trained counsellor to deliver a counselling surgery for young people of the town, mainly school age teenagers who are experiencing problems, and have no one they feel they can approach or discuss the problems with. The uptake for the service during 2023 has been continual and extensive and has provided an essential support mechanism for the young people of Kenilworth.
Such is the demand KUC have increased the funding for an extra counsellor 2 hours per week. Many of the issues are cyber or domestic related.
Assistance to individuals
Some grants were made during 2023, but not as many as in previous years and much the same as 2022. The trend is to receive requests for a client from care professionals, such as Family Support workers, Health Visitors, or CA workers or Compassionate Kenilworth. The Trustees have agreed that an upper limit for individual financial support should be secured, and it was agreed to be no more than £2,000, however it is rare to grant more than £1,000 at a time.
FINANCIAL REVIEW
It is pleasing to note that our income from investments continues to increase. This places the Charity in a good position to be able to maintain our commitments and to respond to requests from people and local groups in need of financial assistance.
The investment policy is a conservative one, to maintain an income adequate to support the activities described in this report without depleting the reserve funds.
Expenditure on the Almshouses building has been necessary. The Trustees have a policy of using local tradesmen and small businesses for the on-going upkeep and repairs of the building. Its age and its status as a listed building does not make the task easy.
The weekly maintenance contribution for each flat in the Almshouse remained the same during 2023 which has meant that the ordinary running costs for the Almshouse such as heating, communal electric, laundry appliances and gardening are mainly covered by the charity income.
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KENILWORTH UNITED CHARITIES TRUSTEES ANNUAL REPORT cont FOR THE YEAR ENDED 31 DECEMBER 2023
The grants from both the Alice Duchess of Dudley Charity and the Edwards Coat and Gown Charity have both risen. We are grateful for this show of confidence in The United Charities.
The charity is retaining its reserves to fund future charitable activities in line with the governing documents.
The Trustees, as always, wish to record their since gratitude to the Clerk, who has supported them cheerfully, relentlessly and efficiently throughout the year, and works tirelessly on behalf of the Charity. A huge Thank You must go to our Clerk who, during 2022 has kept the charity business on track as always.
PLANS FOR FUTURE PERIODS
We shall continue with our programme of improvements to the Almshouses, to be funded from the Designated Building
Objectives have been set for 2024.
We will also look to extend financial support to other community causes within the Town.
The Trustees also agree that the Almshouse building should be more secure than it currently is and are seeking planning approval to erect a secure inner door within the building. The application continued through 2023 and is progressing. This will take time as the building is listed and within a conservation area, therefore will require approval from a number of organisations.
We continue to review the roles and responsibilities of our trustees, and also ensure that we meet the needs and requests of the local community as and when the need arises, providing that existing funds are available to do so.
Signed on behalf of the trustees
Mrs H P Bolton Trustee
....................................................
Date:………………………………
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KENILWORTH UNITED CHARITIES INDEPENDENT EXAMINERS REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
I report to the trustees on my examination of the accounts of Kenilworth United Charities for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the 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 Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept as required by section 130 of the Act; or
-
the accounts do not accord with 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.
Mr K C Varney ACMA Varney Barfield and Co 6 Corunna Court
Corunna Road Warwick CV34 5HQ
2 December 2024
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KENILWORTH UNITED CHARITIES RECEIPTS AND (PAYMENTS) ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
| RECEIPTS Almshouse maintenance contributions Donations Investment income Total receipts PAYMENTS Almshouse expenditure Grants and support Governance costs Sub-total Investment income reinvested Total payments |
Unrestricted Restricted Endowment Funds Funds Funds 2023 2023 2023 20,060 18,210 2,651 7,878 20,861 20,060 7,878 25,054) ( 25,430) ( 4,080) ( 29,510) ( 25,054) ( - 2,651) ( 32,161) ( 25,054) ( - |
TOTAL 2023 20,060 18,210 10,529 48,799 25,054) ( 25,430) ( 4,080) ( 54,564) ( 2,651) ( 57,215) ( |
TOTAL 2022 |
|---|---|---|---|
| 18,650 16,500 8,047 |
|||
| 43,197 | |||
| 12,206) ( 34,874) ( 123) ( |
|||
| 47,203) ( 585) ( |
|||
| 47,788) ( |
|||
| NET RECEIPTS / (PAYMENTS) | 11,300) ( 4,994) ( 7,878 |
8,416) ( |
4,591) ( |
| FUND TRANSFERS General to almshouses Endowment to general |
4,994) ( 4,994 7,878 7,878) ( |
- - |
- - |
| CASH (DEFICIT) FOR THE YEAR | 8,416) ( - - |
8,416) ( |
4,591) ( |
| CASH FUNDS AT 1 JANUARY Bank current accounts b/fwd Bank deposit accounts b/fwd |
24,636 11,522 35 |
36,158 35 |
40,749 35 |
| CASH FUNDS AT 31 DECEMBER | 16,255 - 11,522 |
27,777 | 36,193 |
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KENILWORTH UNITED CHARITIES
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023
| Cash Funds Bank current accounts Bank deposit accounts Total cash funds Investment assets COIF deposit accounts M&G - National Association of Almshouses Common Investments COIF Charities investment Fund - income units COIF Charities investment Accumulation units Total investment assets Assets retained for charity's own use Almshouses at High St, Kenilworth Total assets Liabilities Unpaid bills Total liabilities |
Unrestricted Unrestricted Restricted Restricted Other Denton General Designated Almshouse Repairs Endowment Endowment Funds Building fund Fund Fund Funds Funds 2023 2023 2023 2023 2023 2023 16,219 10,116 35 1,406 16,254 - - - 11,522 - 59,962 14,686 1,137 35,264 244,122 12,566 459,336 345,407 12,566 519,298 - 345,407 51,087 244,122 800,000 |
TOTAL 2023 26,335 1,441 27,776 74,648 1,137 279,386 817,309 1,172,480 800,000 |
TOTAL 2022 |
|---|---|---|---|
| 34,753 1,441 |
|||
| 36,194 | |||
| 71,997 1,118 255,874 727,336 |
|||
| 1,056,325 | |||
| 800,000 | |||
| 28,820 519,298 800,000 345,407 62,609 244,122 |
2,000,256 | 1,892,519 | |
| - | - | ||
| - - - - - - |
- | - |
Approved by the Trustees and signed on their behalf by: Mrs H P Bolton……………………………………………………………………….
Date:………………………………
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KENILWORTH UNITED CHARITIES
INVESTMENT ASSET PERFORMANCE REVIEW AS AT 31 DECEMBER 2023
| 2023 | COIF M & G COIF COIF Deposit Almshouse Income Accumulation Accounts Funds Funds Funds £ £ £ £ 71,997 1,118 255,874 727,335 |
TOTAL 2022 |
|---|---|---|
| Balance at 1st January 2023 | ||
| 1,056,324 | ||
| Interest / dividend income rec'd (memo) Increase / (decrease) market value Income and capital return £ Percentage on opening balance |
494 48 7,334 2,651 19 23,512 89,974 3,145 67 30,846 89,974 4.37% 5.99% 12.06% 12.37% |
7,876 116,156 |
| 124,032 | ||
| 11.74% | ||
| 2022 | 74,648 1,137 279,386 817,309 COIF M & G COIF COIF Deposit Almshouse Income Accumulation Accounts Funds Funds Funds £ £ £ £ 71,413 1,154 289,543 799,256 |
|
| 1,172,480 | ||
| TOTAL 2022 |
||
| Balance at 1st January 2022 | ||
| 1,161,366 | ||
| Interest / dividend income rec'd (memo) Increase / (decrease) market value Income and capital return £ Percentage on opening balance |
112 44 7,306 584 36) ( 33,669) ( 71,921) ( 696 8 26,363) ( 71,921) ( 0.97% 0.69% -9.11% -9.00% |
7,462 105,042) ( |
| 97,580) ( |
||
| -8.40% | ||
| Balance at 31st December 2022 2021 |
71,997 1,118 255,874 727,335 COIF M & G COIF COIF Deposit Almshouse Income Accumulation Accounts Funds Funds Funds £ £ £ £ 71,406 1,059 253,572 680,880 |
|
| 1,056,324 | ||
| TOTAL 2021 |
||
| Balance at 1st January 2021 | ||
| 1,006,917 | ||
| Interest / dividend income rec'd (memo) Increase / (decrease) market value Income and capital return £ Percentage on opening balance |
1 42 7,119 7 95 35,971 118,376 8 137 43,090 118,376 0.01% 12.94% 16.99% 17.39% |
7,162 154,449 |
| 161,611 | ||
| 16.05% | ||
| Balance at 31st December 2021 | 71,413 1,154 289,543 799,256 |
|
| 1,161,366 |
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KENILWORTH UNITED CHARITIES
DETAILED RECEIPTS AND PAYMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
| RE | CEIPTS Almshouse maintenance contributions Donations Alice - Duchess Dudley Edwards Coat & Gown Other Investment income COIF Deposit interest Bank interest COIF dividends Sub-total Investment sale proceeds Total receipts YMENTS Almshouse expenditure Utilities Repairs & maintenance Insurance & subscriptions Other Grants and support CAB in CV8 Compassionate Kenilworth tKc Other Governance costs Accountancy, legals & bank charges Investment purchases Income retained in investments Total payments |
Unrestricted Unrestricted Restricted Restricted Other Denton General Designated Almshouse Repairs Endowment Endowment Funds Building fund Fund Fund Funds Funds 2023 2023 2023 2023 2023 2023 20,060 16,200 1,900 110 2,651 494 1 633 6,702 41 7 18,211 2,651 20,060 - 1,168 6,709 - - - - - - 18,211 2,651 20,060 - 1,168 6,709 8,372) ( 12,985) ( 1,576) ( 2,121) ( 10,000) ( 12,400) ( 3,030) ( - 4,080) ( 29,510) ( - 25,054) ( - 2,651) ( 29,510) ( 2,651) ( 25,054) ( - - - |
TOTAL 2023 20,060 16,200 1,900 110 3,145 1 7,335 48 48,799 - 48,799 8,372) ( 12,985) ( 1,576) ( 2,121) ( - 10,000) ( 12,400) ( 3,030) ( - - 4,080) ( 54,564) ( - 2,651) ( 57,215) ( |
TOTAL 2022 |
|---|---|---|---|---|
| 18,650 14,700 1,800 - 697 - 7,306 44 |
||||
| PA | ||||
| 43,197 - |
||||
| 43,197 | ||||
| 5,541) ( 3,870) ( 1,445) ( 1,350) ( - 10,000) ( 22,320) ( 1,994) ( 560) ( - 123) ( |
||||
| 47,203) ( - 585) ( |
||||
| 47,788) ( |
||||
| NE | T RECEIPTS / (PAYMENTS) | 11,299) ( - 4,994) ( - 1,168 6,709 |
8,416) ( |
4,591) ( |
| Fund transfers General to almshouses Endowment to general |
4,994) ( 4,994 7,877 1,168) ( 6,709) ( |
- - |
- - |
|
| CA | SH (DEFICIT) FOR THE YEAR | 8,416) ( - - - - - |
8,416) ( |
4,591) ( |
| CA | SH FUNDS AT 1 JANUARY Bank current accounts Bank deposit accounts |
24,636 11,522 35 - |
36,158 35 |
40,749 35 |
| CA | SH FUNDS AT 31 DECEMBER | 16,255 - - - 11,522 - |
27,777 | 36,193 |
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