2021-12-31-accounts - Kitchings General Charity

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Object	iv	e	s and	Activ	iti	es
						SORP reference
Summary ofthe purposes the charity as set out in its					of	Para 1.17	KGC 3main purposes asset out in the governing Scheme:
governing		document					~	Provision ofa pension to the 'poor
								widows ofSouthrey',
							~	Advancement ofEducation and
							~	Relief in Need ofthe oor &need
Summary activities		ofthe main in relation lo those				Para 1.17and 1.19	The main activities undertaken for the public benefit relative to these
purposes		for the public					objectives are:
benefit,	in particular,			the			~	The continued provision to the
activities,		projects or						eligible widows ofSouthrey; with the
services		identified in		the				Trustees taking into account the
accounts.								public benefit requirement and the
								guidance given in the governing
								Scheme,
							~	The provision ofgrants to local
								schools, groups and local students.
								All grant making decisions are made
								by discussing the information given
								by applicants and considering how
								this 'fits in' with the public benefit
								guidance and the guidance given in
								the governing Scheme.
							~	The provision ofgrants to individuals
								who meet the criteria as shown in the
								governing Scheme for 'Relief in Need'
								and using the guidance relating to
								public benefit. This is to make sure
								that the support provided to any
								individual is ofbenefit to their
								articular need.
Statement			confirming			Para 1.18	KGC Trustees are aware ofthe Charity
whether	the trustees			have			Commission guidance on public benefit;
had regard			to the guidance				having been given details about the
issued	by	the Charity					relevant website or a paper copy.
Commission			on public				All	discussions/decisions made by the
benefit							Trustees are made taking the public
							benefit guidance into account; be this a
							grant making decision or a KGC
							management decision which in turn
							could affect the runnin ofthe Charit .

You ma	choose to	choose to	include	further statements	further statements	where relevant about:
				SORP reference
						The KGC grant making policies are as
				Para	1.38	shown in the governing Scheme, which
Policy on	grant making					states that:
						All grant applications to be made in
						writing and can now be by email.
						Grant applications can only be
						considered if all relevant criteria are
						met.
						Trustees have also agreed that:
						All grant applications must be treated
						in the strictest confidence and within
						the GDPR. There is a Privacy
						Statement available for all applicants.
						All grants awarded must meet the
						guidance criteria in the governing
						Scheme and take into account the
						ublic benefit re uirement.
						KGC does not have a policy on social
				Para	1.38	investment including program related
Policy on	social investment					investment.
including	program		related			However various policies are in the
investment						process of being developed.
						All KGC Trustees are classed as
Contribution		made	by	Para	1 38	volunteers; they receive no remuneration for their services to this
volunteers						Charity.
						There is no other aspect relating to this
						Charity in which volunteers would be
						involved.
Other

Achieve	men	ts	and Per	formance
				SORP reference
					KGC achievements and performance
Summary	ofthe main				vary year to year, depending on the
achievements		ofthe charity,			financial situation and the type
identifying charity's	the work	difference the has made to		Para 1.20	of/number ofgrant applications received in that particular year.
the circumstances			of its
beneficiaries and			any wider		Summary ofthe main achievements	and
benefits to society as a					performance for 2021:
whole.					Payment ofa 'pension' was made	to
					eligible widows living in Southrey.
					Provision ofgrants to local schools to
					support with the cost ofswimming
					lessons for pupils —giving all pupils
					(without discrimination) the
					opportunity to benefit from learning
					this vital skill.
					Financial support, as shown in the
					governing Scheme, tothe Kitchings Educational Chari, which rovides

Additional		information	(optional)
You ma	choose to include		further statements	where relevant about
				The KGC achievements against set
				objectives always relate to the aims as
Achievements objectives set		against	Para 1.41	stated in the governing Scheme. For 2021 this can be shown by the: Provision ofa widows' pension
				throughout the year, achieve the
				widows pension provision,
				Provision ofgrants to Kitchings Educational Charity, local schools
				and a local student support and
				achieve the educational aim and
Performance offundraising activities against objectives set				KGC does not carry out any kind of fundraising.
			Para 1.41
				KGC investments, to date, have
				provided adequate funds to enable the
Investment performance against objectives			Para 1.41	Trustees to provide the finances/funding to cover all objectives as stated in the governing Scheme.
Other

Financial Review	Financial Review	Financial Review
Review ofthe charity's					Para	1.21	The financial position at the end of2021
financial position at ofthe period		the end					still remained strong. Income has remained stable with an increase in interest on investments.
Statement explaining			the		Para	1.22	Trustees have discussed holding
policy for holding reserves stating why they are held							reserves and policy for same but still feel that this is not needed atthe
							moment.
							Itwill be considered by the Trustees	for
							this to be mentioned in the financial	plan
							if it is ever felt to be of benefit tothis
							Chari
Amount of reserves		held			Para	1 22	No reserves held
Reasons for reserves	holding	zero			Para	1.22	The reason for holding zero reserves that, whether held in a bank account	is or
							held as investments, the Trustees have
							access to Charity funds as/when
							needed/required.
							KGC is not a Charity that would need	to
							deal with dail emer enc situations.
Details of fund materially deficit				in	Para	1.24	KGC does not hold any funds that are materiall in deficit.
Explanation uncertainties	of any about	the			Para	1 23	There are no current uncertainties about the Charity continuing as a going
charity continuing as a going							concern.
concern
Additional information			(optional)
You ma choose to include				further statements			where relevant about
							KGC principal sources offunding are:
							Farm rents and Cottage rent,
The charity'6 principal sources offunds (including					Para	1.47	Interest from investments and bank interest and
any fundraising)							Wayleave
							KGC owns 2separate farms (1 x67
							acres &1x77acres), an 8-acre piece of
							land and a cottage.
							Latest valuation showed 6244,000
							invested through Black Rock in
							Charities Equity and Bond Accounts.
							The Wayleave income is from Western
							Power, payment for 'poles 8 stays'
							situated on Chari land.
							KGC Trustees do feel that the governing
							Scheme acts as a basic policy
Investment policy and objectives including any social investment policy adopted					Para	1.46	document, which gives guidance relating to funds/funding and also social investment. Trustees do feel that the current Scheme is outdated and are 'u datin '.
A description risks facing	ofthe principal the charity				Para	1.46	This remains the same with the investment holders giving updates
							relatin to risk.
Other

tructure,	Governance	and Man	agement
Description	ofcharity's
trusts:
Type ofgoverning document (trust deed, royal charter)		Para 1.25	Charity Commission Scheme. The current Scheme was sealed 11~ November 1975and regulated by a
			Scheme ofthe Charity Commissioners
			ofthe 16ra INay 1902.
			There have been some changes made	to
			the Scheme„that is with the approval	of
			the Charity Commission, with a further
			update being finalised within the next
			few months.
How is the constituted?	charity	Para 1.25	KGC Trustee group is constituted of9 competent persons on a voluntary
(e.g unincorporated association, CIO)			basis. Ofthe 9Trustees, 1shall be from Bucknall and 1 from Southrey (both
			areas ofbenefit)
			Elected Trustees to have a good
			knowledge oftheir respective area of
			benefit.
			Due fothe nature ofthe Charity (as a
			farm owner) 3ofthe 9 Trustees to have
			an agricultural background or have some knowled e relatin to a riculture.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees		Para 1.25	Classed as Co-optative Trustees; election ofTrustees is carried out by the existing Trustees. No other person or organisation is involved in electing KGC Trustees. Chairperson and Vice-chairperson are elected at the first meetin ofthe ear.

to appoin trustees	t one or more	t one or more			arperson p elected at the first meetin ofthe e	a	r.
Additional	information		(optional)
You ma	choose to include			further statements	where relevant about
					Newly elected Trustees are given an 'Introduction Pack' which includes:
Policies and procedures adopted for the induction and training oftrustees				Para 1.51	Copy ofthe KGC Scheme, Copy ofthe latest accounts, Copy of INinutes from the last
					meeting,
					KGC Information leaflet,
					GDPR information,
					Copy of current Privacy Statement,
					CC4 leaflet,
					The Essential Trustee information		and
					Are invited to meet with the Chairman
					and Clerk rior to their first meetin		.
					KGC administrative, organisational	and
					management structure is based on	the
The charity's structure and network with		organisational any wider which the		Para 1.51	guidance given in the governing Scheme. The clerk carries out administrative duties as instructed	by
charity works					the Trustees. All management decisions relating	to
					this Chari are made b the Trustees,

		through discussion, at one oftheir
		meetings.
		There is no other wider network with
		which this Chari works.
		KGC is Committed to supporting
Relationship with any related parties	Para 1.51	Kitchings Educational Charity, as is shown in the governing Scheme. KGC supports KEC by providing an annual income, which is calculated	from
		the annual dis osable income of KGC.
		As the name would suggest, both
Other		Charities are historically linked.

Charit	name			Kitchin s General Chari
Other name the chari			uses
Re istered charit		number		219957
Charity's	principal	address		42 Abbey Road,
				Bardney,
				Lincoln,
				LN3 5XA

	Trustee name	Office (ifany)	Name ofperson (or body) entitled to a oint trustee if an
	Mr G Pacey	Chairman	Co-opted
	Mr R Muxlow		Co-opted
	Mr R Armstrong		Co-opted
	Mrs J Hayes		Co-opted
	Mrs E Franklin		Co-opted
	Mr K Hutchinson		Co-opted
	Mr B Percival		Co-opted
	Mrs C Lee		Co-opted
	Mr J Armstrong	Vice-chairman	Co-opted
10
11
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14
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16
17
18
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unds held as cust	odia	n t
Description ofthe assets		n/a
held in this capacity
Name and objects ofthe
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charity's objects
Details ofarrangements	for
safe custody and
segregation ofsuch assets
from the charity's own
assets

Names and	addresses ofa	dvisers (Optional information)
Type of	Name	Address
adviser
Farms 8	Willsons	16Algitha Road, Skegness,		Lines, PE25 2AG
Cottage
Investment	Black Rock	PO Box545, Darlington,	DL1 9TQ
Insurance	NFU Mutual	The Old Mill, Roughton	Moor, Woodhall Spa, Lines,
		LN10 6YQ
Banking	MSBC	High Street, Lincoln
Name ofchief executive or names ofsenior staff members				(Optional	information)

Income
HSBC
Community Account Balance B/F	420.28
Business Money Manager Account Balance B/F	22825.99	23246.27
Bank Interest		2.65
Interest on investments		7138.23
Farm Rents		17323.00	~
Cottage Rent		5500.00
Wayleave		179.29	'
		53389.44

K~Cht
Widows Pensions				1120.00
Grants				10427.88
Willsons Agency	Fees.			1039.40
Room Hire				12.00
Liability Insurance				714.79
Farm and Farm Buildings		Insurance		461.12
Trustee Indemnity	Insurance			298.80
Clerks Wages and	Expenses			1212.20	-'
Audit				70.00
Educational Charity —I/7" ofNet Income				3191.00	s
Cottage Maintenance				4121.71.
Farm Maintenance				1043.86
BlackRock Reinvestment				5000.00
Bank Charges				9.00	~
Xero Accounting	Software	Subscription		198.00	i
HSBC
Community Account Balance C/F			185.78 3
Business Money Manager
Account	Balance C/F		24283.90	24469.68
				53389.44