2023-12-31-accounts - Kitchings General Charity

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Ob ec	ti	v	e	s and	Activiti	es
						SORP reierence
Summary			ofthe purposes of			Para 1.17	The purposes ofthe charity as set out in
the charity governing			as set out document		in its		the governing document are: 1. Provision ofa pension to the 'poor
							widows ofSouthrey',
							2. Advancement ofEducation &
							3. Relief in Need (ofthe poor &needy)
							This within the geographical area of
							Southre, Bardne &Bucknall.
Summary ofthe main activities in relation tothose						Para 1.17and 1.19.	The main activities undertaken forthe public benefit &as identified in the
purposes benefit,		in	for the public particular, the				accounts are: 1. The continuing provision to the
activities,			projects or				eligible widows ofSouthrey; with the
services		identified in			the		Trustees taking into account the
accounts.							public benefit requirement &the
							guidance as stated in the governing
							Scheme
							2. The provision ofgrants to local
							schools, groups &local students.
							All grant making decisions are made
							by the trustees after discussing the
							information given by applicants &
							giving consideration tothe public
							benefit aspect &the guidance as
							stated in the governing Scheme.
							3. The provision ofgrants to
							individuals' who meet the relevant
							criteria as stated in the governing
							Scheme, &using the guidance
							relating to public benefit. This isto
							make sure that the support awarded
							to the individual is ofbenefit &
							relative to their need.
Statement				confirming		Para 1.18	All trustees are aware ofthe Charity
whether		the trustees			have		Commission guidance on public benefit,
had regard				to the guidance			&how to access this on-line.
issued	by		the Charity				Discussions/decisions made by the
Commission				on public			trustees are made taking the public
benefit							benefit guidance into account; be this a
							grant making decision ora KGC
							management decision which in turn
							could affect the runnin ofthe Chari

Additional			information	information	(optional)	(optional)
You ma	choose to			include further statements			where relevant about:
						SORP reference
							Grant making policies are as shown	in
						Para 1.38	the governing Scheme, which states
Policy on		grant making					that:
							~ All grant applications to be made
							either in writing or by email, and	can
							only be considered ifall relevant
							criteria are met.
							The Trustees are also in agreement	that:
							~ All grant applications be treated	in
							the strictest confidence & within	the
							GDPR. A Privacy Statement is
							available to all applicants.
							~ All grants awarded must meet the
							guidance criteria stated in the
							governing Scheme 8 have taken	into
							accout the public benefit
							re uirement
							The charity does not have a policy on
Policy on social investment including program related investment						Para 1.38	social investment including program related investment as the trustees feel that the governing Scheme covers these
							as ects.
							All KGC trustees are volunteers 8
						Para 1.38	receive no remuneration for their
Contribution volunteers			made	by			services to this charity. There is no other area relating to this
							charity where volunteers would be
							involved
Other
Achievements				and	Performance
						SORP reference
Summary of achievements			the main ofthe charity,			Para 1.20	The main achievements &performance vary year to year; depending on the
identifying charily's		the difference work has made			the to		charitys' financial situation &the type number ofgrant applications received		or in
the circumstances				of its			that particular year.
beneficiaries and any wider benefits to society as a							A summary ofthe main achievementslpefformance for 2023:
whole.							~ Payment ofa 'pension' was made to
							eligible widows living in Southrey,
							~ Provision ofgrants to local schools
							towards the cost ofswimming lesson
							transport for pupils —giving all
							pupils (without discrimination) the
							opportunity to benefit from learning
							this vital skill.
							~ Financial support, as stated in the
							governing Scheme, to Kitchings
							Educational Charity. KEC provide
							eligible local college 8 university
							students with an annual rant.

Additional		information	(optional)
You ma	choose to include further statements			where relevant about
				Achievements against objectives set
Achievements objectives set		against	Para 1.41	always relate to the aims &objectives as stated in the governing Scheme. For 2023this is shown with the: ~ Provision ofa widows' pension
				throughout the year, this achieves
				the widows pension objective,
				~ Provision ofgrants to KEG & local
				schools, this achieves the
				educational objective.
				~ Provision ofa grant made to a local
				community group; this benefits the
				wider community.
				~ Provision ofa hardship grants toa
				local resident; this achieves the
				'relief in need' (ofthe poor &needy)
				ob'ective.
Performance offundraising activities against objectives			Para 1.41	This charity does not carry out any kind offundraising.
set
				Investments, to date, have provided
				adequate funds to enable the trustees to
Investment performance against objectives			Para 1.41	provide funding/grants to cover all objectives as stated in the Scheme.
Other				Grants are awarded taking into
				consideration finances available at that
				time.

Review	of	the charity's	the charity's			Para 1.21	Reviewing the charitys' financial
financial	position at		the	end			position at the end of2023 shows a
ofthe	eriod						stable financial situation
Statement explaining the policy for holding reserves stating why they are held						Para 1.22	Trustees have not felt the need to have a policy for holding reserves as the financial situation remains stable. This would be considered should the
							trustees feel that it would benefit this
							chari
Amount	of	reserves	held			Para 1.22	No reserves held
Reasons for holding			zero			Para 1.22	The reason for holding zero reserves is
reserves							that there isaccess to charity funds
							as/when needed/required; be this from a
							bank account orfrom investments.
							This is not a charity that would deal with
							dail emer enc situations.
Details	offund materially				in	Para 1.24	There are no funds that are materially
deficit							deficit.
Explanation		ofany				Para 1.23	Currently there are no uncertainties
uncertainties about the							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
							The principal sources offunding are:
							~ Farm rents &cottage rent
The charity'6 principal sources offunds (including						Para 1.47	~ Interest from investments 8 bank interest
any fundraising)							~ Wayleave
							The charity owns 2xfarms (1x 67acres 8 1x77acres) plus an 6-acre parcel of
							land &acottage.
							Latest investment valuation showed
							f246,334, invested in 2accounts held
							with Black Rock.
							Wayleave income is from Western
							Power for 'poles &stays' situated on
							chari land.
							Trustees have recently made changes to
Investment policy and objectives including any social investment policy adopted						Para 1.46	the governing Scheme which gives investment guidance, this outlines trustees' responsibility to ensure that any financial return will serve the interests 8 ob ectives ofthis chari
							The principal risks facing the charity
A description ofthe			principal			Para 1.46	remains the same as 2022, with trustees
risks facing the charity							being updated regularly about
							investment risks by Black Rock.
Other

Structure,	Structure,		Governa	Governa	nce	and Manag	ement
Description			ofcharity's
trusts:
Type of governing document u;usi deer!, royal cn-.:,,-:e.",						Para 1.25	Charity Commission Scheme. The Scheme was sealed 11e November 1975
							&regulated by the 1902Charity
							Commission Scheme.
							Trustees have made several
							updates/amendments to the Scheme
							over the last few ears.
How isthe charity constituted?						Para 1.25	The charity is made up of9trustees. Of the 9, 1shall be from Bucknall 8 1 from
							Southrey (areas of benefit), with elected
SSS;.Slei",i3P			Ur ll				trustees expected to have a good
							knowledge base relevant to their
							respective area ofbenefit.
							Due tothe nature ofthe charity (as a
							land/farm owner) 3ofthe 9to have an
							agricultural background orsome
							a ricultural knowled e.
Trustee selection				methods		Para 1.25	All trustees are Co-optative Trustees;
including	details ofany						with the election oftrustees being
constitutional provisions election to post or name					e.g. of		carried out by existing trustees. No other person or organisation is
any person to appoint trustees		or body entitled one or more					involved in electing charity trustees. Chair 8 Vice-chair being elected at the first meetin ofthe ear,
Additional		information			(optional)
You ma	choose to include further statements						where relevant about
							There is an 'introduction list', which is
							emailed to the newly elected trustee.
Policies adopted	and for		procedures the induction			Para 1.51	This includes: ~ Copy of the KGC Scheme,
and training			oftrustees				~ Copy ofthe latest accounts,
							~ Copy ofMinutes from the last
							meeting,
							~ GDPR information,
							~ Copy ofcurrent Privacy Statement,
							~ CC4 leaflet &
							~ The Essential Trustee information
							They are also invited to meet with the
							Chair &clerk rior to their first meetin
							The administrative &organisational
The charity's organisational structure and any wider						Para 1.51	structure is determined by the guidance shown in the governing Scheme. The clerk carries out administrative
network	with		which the				duties as instructed by the trustees.
charity works							All management decisions relating to
							the charity are made by the trustees, through discussion, at one oftheir
							meetings.
							There is no other wider network with
							which this chari works.
							This charity is committed tosupporting
							Kitchings Educational Charity, as is
Relationship			with any			Para 1.51	directed in the governing Scheme.
related	arlies

	KGC supports	KGC supports	KEC by providing	an
	annual	income	which is calculated	from
	the dis	osable	income ofKGC.
Other

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

mes	ofthe charity tru	stees who manage	the charity
	Trustee name	Office lif any)	Dates acted ifnot for whole ear	Name ofperson ior body) entitled toa ointtrustee ifan
	Mr G Pacey	Chair		Co-opted
	Mr J Armstrong	Vice-Chair		Co-opted
	Mr BPercival			Co-opted
	Mr K Hutchinson			Co.opted
	Mr C Pacey Mr D Wilkinson			Co-opted Co-opted
	Mrs C Lee			Co-opted
	Mrs J Hayes			Co-opted
	Mrs K Thomas			Co-opted
10
11
12
13
14
15
16
17
18
19
20

unds held as cust	odia	n
Description ofthe assets		n/a
held in this capacity
Name and objects of the
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 ofadvisers	(Optional information)
Type of	Name	Address
adviser
Farms &	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
Indemnity Insurance	Access Insurance Services	Selsdon House, 212—220 Addington Croydon, London, CR2 8LD			Road, South
Banking	HSBC	High Street, Lincoln

Signed	on behalf ofthe	charity'	s trustees
	Signature(s)
	Full name(s)			iGC
Position	(eg Secretary, Chair, etc)
	Date	gg	a5/aoz,

Income
HSBC
Charitable		Bank Account Balance8'	557.47
Business	Money Manager
	Account Balance B/F		15505.28	16062.75
Bank Interest				242.63
Interest on		Investments		8312.80
Farm Rents				17323.00
Cottage Rent				7200.00
Wayleave				184.19
				49325.37

E~Cht
Widows Pensions			1120.00
Grants			15795.00
Willsons Agency Fees			1039.40
Room Hire			36.00
Liability Insurance			722.16
Farm and Farm Buildings	Insurance		644.30
Trustee Indemnity Insurance			308.80
Clerks Wages and Expenses			1276.00
Educational Charity —I/7'" ofNet Income			3696.00
Cottage Maintenance			853.39
Miscellaneous Expenses			71.30
Bank Charges			78.90
Land Registry Fees			30.00
Expenses on Farm Visit			698.00
BlackRock Reinvestment			5000.00
Audit			70.00
HSBC
Charitable Bank Account	Balance C/F	160.12
Business Money Manager Account Balance C/F		17726.00	17886.12

Bardney/Bucknal1	Bardney/Bucknal1	Swimming Transport Costs	1925.00
Schools			1925.00
			2220.00	6070.00
Educational	Charity	Extra Grant		4000.00
Educational	Charity	Student Transport		3000.00
Mrs Orb		Grant re. Oven		225.00
H Everton		Grant re. WUK Championships	Kickboxing	500.00
Bardney Village Hall		Grant re. Heater Purchase		1000.00
&Playing	Field
H Martyn		Grant re. WUK Championships	Kickboxing	500.00
Miss RWright		Grant re. Training &Equipment		500.00
				15795.00