KEW COMMUNITY TRUST (A Charitable Company Limited by Guarantee) COMPANY REGISTRATION NUMBER., 1736623 REGISTERED CHARITY NUMBER.. 289707 ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
KEW COMMUNrrY TRUST ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2025 CONTENTS PAGE Trustees, Annual Report Chair's Re Financi81 Revlew Audit Report 7-10 Stat6m8nt of Flnancial A¢iivities Balan Shè8t 12 Notgs on the Finanei81 Ststements 13-25
KEW COMMUNITY TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Referencg and Administrallon Detsils Charity Name R¢gister8d Charity No. Registered Office Kew Community Trust 289707 St. Luke's in Thè Avènue, Kew, Richmond. Surrey, TW9 2AJ Bankers.. Barclays Bank PIC 8 George Street Richmond TW9 1JU Trustees.. Louise Fluker Chair John Armilstead Vlca Chair Stove Williams Tr8asurer Dominic Evans Rita Kamat Gill Linthwaite Di8na Ormond David Polya Stephen Robin50n Gillian Thorpe Caroline Smo9
KEW COMMUNITY TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) Structur•, Governan¢fr and Managément Type of goveming document- Memorandum and Articles of Association Cotnpany Limited by Guarantee not having a share capital Company Registration No- 1736623 Trustee Selection Methods- Local advertisements, personal search and recommendatlon ObJectlv•s and ActSvltl•s Surnmary of objects of the Kew Community Trust C'ihe Tru8fi are set out In its governing document Promoting benefits for local inhabitants of all agès. Relief of the elderly. Promotion of edue8tion courses. Co-operating Wlth Charitable bodiès. Establishing a centre I centres for any of the above. Managing and maintsining such prOrtIeS and equrnnt as necessary for the above. Summary (rf the main activities in relation to th$se objects Running the Avenue Club, a Social Club for local resid8nts. Managing and maintaining Kew Cornmunity Centre for the ben&fil of the local community and letting available space for community atKI private functions to pnxluce income to support the Charty. The Trustees have paid duè r6gard lo the guidance issued by th8 Charity Commission on public benefit when reviewing th8 Charity's alms and objectives and in planning what activities the Charity would undertake. Organisalional Structure The Charity has a Management Committeè of up lo 15 Trustees and the Centre Director, who rlleel quarterty and are responsible for the strategie diwtion of the Charity. Trustees also srfc on at lea one sub-committee. The Trustees are 8PPtsinted to sub-committees based on the needs of that committee and the skill$ of the Trustee. The Centre Director 8nd staff members may also sit on these committees. Sub-commlttees meet at least onc8 a year and op8r8te within agreed terms of Yeference. The sub-committees are Avenue Club, Buildings, Finance. Fundraising and Governants. The Trustees delege the day-to-day responsibility for th8 delivery of sarviS to the m8nagement tearn. The Centre Director has the responsibility for the day-tfrday operational management of the Centre, supervision of Ihtr staff team and ensuring that work practices ar8 in line with 9god practico and 811 applicable laws and regulations are complied with. Relationshlp with other Charities The Charity malnialns r81ation8hips with oth8r charities provlding similar servieas through lis involvement with Community Independent Living S8rvl¢e ICILSI. It also works closely with other local charities such as th8 Kew Society and Kew NeIghbOur0 Association to deliver ben8fits to the Cornrnunity.
KEW COMMUNITY TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) Trustees. R•sponsibilitie5 in Relation to th• Financial Ststements The Charity's Trustees Iwho are also the diractors of Kew Community Trust for the purposés of company lawl are responsible lor preparing a Trustees, annual report and the financial statements in accordance with applicable law and United Kingdom Accountiro Standards Iuniled Kingdom Generally Accepted Accounting Practice}. Company law requires the Charity'5 Truste8s to prepare financial statements for each year which give a true and fair view ol the state of affairs of the charitsble company and of the incoming resources and application of resources, including the incotn8 and expendituie, of th8 Charty for that P8riod. In preparing th8S8 finala1 statem8nls, the Trustees are required to.. select suitable accounting policias 8nd then apply thom consistenly., observe Ihe methods and principles in th8 Charities SORP., mak8 judgements and gstimates that are rgasonable and prudent, slatè whether applicable UK accounting standards have bèen followed, subjact lo any material departures disclosed and 8xplained in the financial statsments.. prepare tho financial ststements on the going concern basis unless it is inappropriate to presume that the ccimpany will Gontinue in business. The Trust89$ are responsible for keeping proper accounting records that disdose with reasonable accuracy at any time the financial position of the Charity and ènable them to ensure that the financial statements comply with the Companiés Act 2006. Théy are also responsibl•for saf8guarding the assatg of thè company 8nd hence for taking rèasonable steps for the prevention and detection for fraud and other irregularities. The Trustees are sponsible for thè maintenance and integrity of the corpor8t6 and financial infomiation induded on the Charity's wobsile. Legislation in the United lthngdom governing the preparation and dissemination of financial staternents may differ from legislation other jurisdictions. Statement as to disclosurg to tho auditors In so far as the Trusta8s are aware at the time of approving the Trustees, annual report.. there is no rdevant infortnation, being information needed by the auditor in connethon wlh preparing Iheir report, of which the company's auditor is unaware, and the Trustees, havlng made enquiries of fellow Trustees, have each taken all steps that h&lshe is obliged to tak8 as a Trustee in order to make themselve5 aware of any rolevant audit information and to 98tablish that the auditor is aware of that inlornialion. By order ol tha Board of Truste&s Louise Fluker Chair IGI 10.IWoL
KEW COMMUNITY TRUST CHAIR'S REPORT YEAR ENDED 31 MARCH 2025 Kaw Communty Trust's objacbves are.. lo involve people of all ag&s from all parts ol Kew in different activiliès which ar8 of inter¢st, fun and enable r88id&nts to meet ea¢h other and rnake new friends thereby strenglhenin9 the Kew community. Our mission to achieve those objeetrvas is to connect people in Kew by making 8vai18bl8 a welcorning and stimulating mix of dasse5 and actiwties through the Avenue Club, and lo offer ex¢ellent facilities for use by local group5, C{rse provid8rs and residents. The Avenue Club is KCT'S main outrÈa¢h activity. Its mernbership is now about 6(x) and the AC is thriving. W8 promde coffee momings, weekly lunches. the First Friday Lunch each month and the ever-popu18r Christmas Lunch and Easter Tèa. We run a full programme of activities from language classes, art history lectures and a variety of 8xercisg classes. Thè Cholr. Film Club and History LgcbJr8s r8main popular_ This y88r the AC with the Kèw Society, org8nised an outing for MaMtr$ to Denbies, Wino Eststa. AC members 8180 Vlslted Dorich House and the Charterhouse. Everyone in KCT 8nd the Avenue Club was shocked by Serge Lourie's death as he had contributed so much tts both and in particular to 16ading th8 monthly Walking Group. Mèmbèrs ol the group now lead the monthly walks which is a fitting tribute io Serge. W8 Introduced a biannual AC Forurn, open lo all AC membèrs. to me8t with Trustees and AC staff 8nd share any issues or concèms. Vve repeated the Quyi Night and were very grateful to Gill Linthwaithe who acted as quvi rnaster at short notice. The evening was agaln a sell out and iTwolved peop18 of all ages. KCT continues to provNle a popular venue for wedding receptions, parJg8, local socleties and eoursgs an(J there are few spare slots available. Ourfacilities include the main hall and two srnaller rooms anL1 the range of actlvltles has increased. We work with other 10¢81 organisations such as KNA 8T)d are grateful to them for providing drivers to enable AC members to come lo events and to FISH for providiThJ a minibus for outings. Cindy Brosnan has led the team at KCT 8nd th8 AC which have fl0Urhed under h8r leadership. All our staff are part time staff. Ch8rf0tt& has developed the AC supported by Sue. Ela and Eram. Marfene cooks delicious lunches. Hilde has tsken responslbillty for the building and Gabriella continues to mn the hall lettings. Bernadetie, our Finance Manager, 2nd Patrick, our site supervisor, have c(>ntinued in their roles. We ar8 extrernaly grat8ful to all our staff who show fl8xibilty and willingness to help out and to make KCT sueeessful. After three years Cindy ha5 decided lo retire at a da to be a9reed. The TIu5tees will be vory sorry to see h8r go and appreciative of all she has done to develop KCT and the AC. A new Centr8 Director will be recruitad. Kew Cornmunity Trust Is well eThJowed by thg Marwood bequest but tt 15 the responsibility of the Trustees lo maintain th8 capitsl value of the endowmant in order to generate sufficient incom8 which together with income from lettings 5ubsidises the activities of ths Avenue Club. We are not pem)ltted lo spend the capitèl to subsidise courses or activiti8s run by KCT. If you feel that you can sUPPOrt us with ideas, wth YOUrti or with lunding, please got in touch. Thank yov to all of you who support KCT so that it can continu8 to improve the Ilvas of 811 who live In Kew. Louis8 Fluker Chair October 2025
KEW COMMUNITY TRUST FINANCIAL REVIEW YEAR ENDED 31 MARCH 2025 Total incom@ for the year was £399,402 compared with £381,537 In 2024 an increase of 100 . The Avenue Club fecorded 8 19Yo inaSe in total income. The Avenu8 Club continues to ggnerale gra8ter participation from members of the10¢81 communty and the higher attgndance at ¢lasses and events helps lo increase the income and support the sustainability of the Club. Income from rwm hirè was 2% higher in 2025. A drop in income from regular hirer5 and weddings was more than offset by an increase in the number of parti8s and other one-off events. KCT also continued to benefitfrorn the Community Independent Lwing Scheme run by Age UK. It also received r8gular and one-off donations from ils Community Supporters, for which the Trustees are most grateful, including donations from thè Walking Group and m8morial donations for thè Avenue Club. Total cost5 were £380,527 12024 - £360,892). The largest incr8ase in cost5 compared to th& prevK)u$ year was in premises maintenance costs. Th8 Charity continues to manage its costs prudently in order to support its ¢0mitMent to run tha Charty on 8 $U8tainablè basis whilg remaining afft)rdable for its members and other 8takeholders. In¢onTre from investmonts for th& year was £108,765 which is a small incrèase on the previous year. This investment Income enabled ths Charity to achieve 8 small surplus for th8 year beforg the movgment In the value of its investment fund. The revaluation of the CCLA inv8Stment at y8ar end resulted in an unrealised loss for the year of £179.975 12024.. 8 gain of £320,628). Tha cumulative unrealised gain on the inve5tsnenl was £982.795 12024.. £1,162,770). At year end thg invgstmont was valued 8t £3.682,79512024.. £3,862.7701. Th6 net deficit for the year after thè unrealised revaluation loss was £161,101 12024.. nat surplus of £321,273). Total reserves al year end were £4,226,94812024.. £4.388,0481. Investment Policy The Chamty's Invèstrnent Policy is to preserve th8 capital b8Sg in real tsmis whilst providing a svJnthcanl, sustainable incomé for the Charity. The appointed fund manager is CCLA and the funds are currentty invasted in the Charities Official Investment Fund Ithe "Fund"}. The Fund seeks to make a real retum of 5°/ before 8xpenses and distributes most of its retum in dividends. These dividends aro taken as income in the Charity's Income and Expenditura Account and subsidise ttie activities of the Avenue Club The Finance Committee regularly reviews the performance of the Fund. The last Feview of the investment, conducted in April 2023, showed the Fund had continued to perform and the Trustees agree to maintain thè current investment at presenL Resèrves Policy The Charity was very fortunate to rè1Ve a larg9 legacy from a former memb8r and this legacy has providéd a high level ol reserves to support tho activities of the Charty and ensure il's sustsinability. As noted above, the Charity's policy is lo maintsin the value of its reserves In real temis. Most of the reserves are held in the General Fund In addition, funds have been designated to cover major rep8irs to the premises. The Dèvdopment Fund was establk%h8d for th& buikling extension comprising the Marwcxjd Room. The costs of thls extension are being amortised against Ihls fund ovgrthe remaining life of the leasa.
KEW COMMUNrrY TRUST FINANCIAL REVIEW YEAR ENDED 31 MARCH 2025 (CONTINUED) Futura Plans The Trust88s will continue to seek to increase the charitable r8ach of thg Charity within its area of operation. They are working witr the leadership and staff of the Charly lo grow the numbers attendir¥J the classes and events organised by the Avenue Club while continuing to grow the inwme from the hire of the Charity's premises. Risk Management The Trustee5 have reviewed and updated the risk assessment and continu8 to monilor identified risks and seek ppropriat8 rnitigations. The Trustees believe that systems are in place to miligale the most signfficant risks. These systems are periodically reviewed to ensure Ihal Ihey continue to meet th& needs of the Charity. Pollcy for Induction and Tr8lnlng of Trustees Ngw TTuslees are taken through an induction process by the Chair or another Trustee. Infom)ation for naw Trustees is contain8d in an Induction Pack containing relevant policy documents. Trustees have access to cout5&s and serninars relevant to their positions aThJ havè support through regular meetings.
KEW COMMUNITYTRUST INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF KEW COMMUNITY TRUST FOR THE YEAR ENDED 31 MARCH 2025 Opinlon We havg audited the financial ststements of Kew Community Trust for the year end&1 31 March 2025 sat out on pages 1110 26 which ¢otllprise the Statement of Financial Aclivllies. Balance Sheet and the related note5. The financial reporting framework that has been applied In IheiT preparation is applicable lew and United Kingdom Accounting Standards Iunited Kingdom Gener811y Accepted Accounting Practicè), including FRS 102 1A "The Financial RetK)rting Standard applicabl6 in the UK and Republic of Ireland. (Unitèd Trfjngdom Generally Accepted Accounting Practice). In my opinlon the flnancial statements.. give a true and fair vièw of thg ststg of the charitable company's affairs a$ al 31 March 2025. and of its incoming resourc6s and 8ppltcation of resources, including its lftcomè and expenditure, for the yar th8n ended., have been properfy prepared in accordance with United Kingdom Generalty Accepted Accountin9 Practice,. and have been prepared in 8ccord8nce with the requirements of the Companies Act 2006. B19 for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS {UKII and applicable law. Our responsibilthes under those standards are lurtt)er described in the Auditorfs respoftsibilities for the audit of the financial statements Section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial stslemenls in the UK, including the FRC'S Ethical Stand8rd, and wè have fulfilled our other elhical responsibilities in accordance with these requirements. We beli8V8 that th8 audit evidence we have obtB(ned is sufficient and appropriate to provlde 8 basis for our opinlon. Conelu3ions relatSng to golng eoneèrn In auditing the financial statetnents, we have concluded that th& trustees, u$8 of the going concern basis of accounting in the pi8paration of the financial statements is appropriate. Based on the work we have performed. we have not identthed any material uncertainties reling to events or conditions that, individually OT collectively. may cast signrfic8nl doubl on the charitablg Gompany's ability to continué as a going concern for a pèriod of at 18ast twelve months from whgTr the financ1 statemènts are authorised for issue. Our responsibilttias and the responsibilities of the trustees with rèspect to going concom are described in the r81evant sections of this report. Other Infomiatlon The trustèès 8re responsibleforthe other infomation. Theotherinformation comprises the infomiation inclu¢Jed in the annual report. other than the financial statements and our auditorfs report theieon. Our opinion on the financial st8terrents does not cover the other informab'on and. expt tr) the extent otherwise eXplicY ststfjd in our report, we do nol express any fom of assuranoe conclusion Ihereon
KEW COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT (Continued) TO THE MEMBERS OF KEW COMMUNITY TRUST FOR THE YEAR ENDED 31 MARCH 2025 In connection wrth our audit of the financial stalBments, our respo¥nsibilily is lo read the other infomalon and, in doing so, consider whether the other information is materially inconsistent with the financial statements. or our knowledg8 obtained in the audit orotherwise appears lo be materially misstated. If we identify such materi81 inconsistencies or apparent material misstatements, we are required to delemiine whether ther& 15 a material misst8ternent in the financi81 statements or a material misslatemÈnt of the other information. If, based on th8 work we have performed, we Gonclude that there is a material misstatement of tsther informab"on. we are required to report that fact. Vve have nothing to report in thls regard. Oplnlon$ on oth•r matters proscrib8d by tho Companlgs Act 2006 In our oplnion. based on the work undertaken in the course of our a*Jdlt the information given in thg Trustees, Annual Report for the finanaal year for which the financial statements are prepared is consistent wlh the financial statements., and the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are required to report by exceptlon In the light of the knowledge and understsnding of the company and its environment obtsined in the course tsf the aucSit, we have not id8nb.fied material misstslements in the direclors, r8POrt indudèd within the truste8S' report. We have nothing to report in respect of the folk)wing mattèrs where thè Compan$ Act 2006 requSrè$ us to report to you if, in our opinion.. adequate acwunting r[d$ have nol be8n k8pI or retuins adequate for our audit have not been receiv8d from branches not visited by us,. or the financial st8temenls are not in agreement with th8 accounting re¢ord8 and retums.. or certain disclosures ofTru5t8es' remuneration spacffjed by law aro not made", or we have not received all the inforrnalion and explan81ions we requir8 for our audit,. or the Trust88s were not entbued to prepare thé financdal statetnents in accordance with Ihè small companias, r8girne and tako advantage of the small companias. exemption in preparing thè Trustees, raport. Responsibilities of trustees As explained more fully in the trusteo$' responsibility statement set out on page 3, thg trustees (who are also directors of the charitable company for th8 purposes of company lawl are responsible for the preparation of the financial stataments and for being satisfied that they give a true and taiT vièw, and for such internal control as trustees determine is necessary to enable the preparation of financial statetllenls that arefreefrom matori81 misstatement. whether du8 to fraud or error. In preparing the financial statements, thètrustees are responsible forassessing the charitable company's ability lo continuè as a going concern, disclosing, as applicable, matters relate(J to going ¢oncern and using the going concern basis of accounting Linless the trustèès intgnd to liquidate the company or to cease operations, or hav no realistic alternative but to do so.
KEW COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT {¢ontinuedl TO THE MEMBERS OF KEW COMMUNrrYTRUST FOR THE YEAR ENDED 31 MARCH 2025 Auditor's responsibilities for thè audit of the finan¢ial statements Our objectives are to i)btsin reasonable assuranc8 about vA76th8r the fln8nci81 statements as a whob are free from material misstatement, whether due lo fraud or error. and lo issue an audittsrfs report that includes our opinion. Reasonable assuran is a high level of assurance bul is ncl a guarantee that an audit conducted in accordance with ISAS IUKI will always detect 8 material misstatement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggragale, they could reasonably be expected to influence th8 economic decistons of usgrs taken on the basTS of these financial statements. 88cause of th8 inherent limitations of an audit. thtsre is a risk that W8 will not detect all irregularities. including thos8 leading to a material misstslement in the financial statements or non-complianog With regulation. This risk increases the more that Gomplian¢e with a law or regulation is Temoved from the evènts and transactions rèfl9Cted in thè financial statements, as wè will be less likely to become aware of InStanS of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealtnent. forgery, ¢ollusion, omission or misrepresentation. Irregularitis, including fr8ud. are inst8nces of non-¢omplianc& with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in spect of irwularities, including fraud. Thè extent to which our procedur8s are capable of detectSng irregularities, including fraud, is detailed below. Extent to which thg audlt was consldèrfjd capable of detsding irregularitie5, Including fraud. Our approach lo idenlifying and assessing th8 risks of materi81 misststemènt in respect of irregularities, including fraud and non-compliance with18ws and regulations, was as follows.. the engagement partner gnsured that the engagement tgam collectriely had the appTopriats competgnce, capabilities ad skills to id8ntify or recognise non-complianc8 with applicable laws and Tegulations", w& identilied Ihe laws and regulations applicable to the company through discussions with directors and other Management. and from our knowledge and éxperienca of th8 Sector W8 focused on specific laws and regu18tions which w8 considered tnay have a direct material offect on the financial staternents or the opgtations of the cornpany, induding the Companies Ad 2006, t8xalion legislation and data protection. ants"_bribery, employment and health and safety legislation,. we assessed th9 extent of compl19n with the laws and regulations identifisd above thr(xJgh making enquirie8 of management and inspecting legal correspondence," and idenlffied laws and regulations were communicatsd within the audit team regularfy atyl the team rémained alert lo instan¢es of non-complian¢& throughout the 8udrt. We assessed the susceptibility of the Company's financial statements to material misstalemenl, including obtaining an understanding of how fraud Mjh1 occur, by.. making enquiries of managgrnent as to wher8 they consldered there was susceptibility to fraud, their knowledg& of adual, suspected and alleged fraud.. and nsld8ring the internal controls in place to mitigate risks of fraud and non.compllance with laws and regulations. To address the risk offraud through management bias and overrKle of controls, we: performed analytical procedures to identify any unusual or unexpected relationships., tested journal entries lo identify unusual transactions- assessed whetherjudgèrnenls and assumptions mada in detem7ining th8 accounting estimates were indicath.ve of potential bias,. and investigated the rationale behind significant or unusuèl transactions.
KEW COMkfjUNITY TRUST INDEPENDENT AUDITOR'S REPORT {continu•dl TO THE MEMBERS OF KEW COMMUNITY TRUST FOR THE YEAR ENDED 31 MARCH 2025 In r08ponse to the rtsk of irregularities arml non-¢ompliancE with law8 and rgJul8tions, we destgned proceOJres which induded, bLtt were not limited lo.. agreeing financial ststement disdosures to undertying supporting documentation.. reading the minutes of meetlngs of those charggd wth governance., and enqulrlng of management as to adual and potential lrtigatlon and daims. We communicate with those charged wtih governance regardlng, among other matters, the planned scope and timing of the audit and gnificant audit findings, InGluding any signbficant deficienoes in intem81 control that wa identify during our audit. Thère are inherent limitation$ in our audk proGedures described above. The rnore removed that laws and regulations are frorn the finanaal transac*ons, the less likdy it is that wewould brne aware of nonwcompliance. Auditing 8tandards also limrt the audit prOdureS required to identify non-compliance wrth laws and régulations to ènquiry of th& Irusiees and other management and the inspection of regulatory 8nd legal corresponden. rf any. Malerid misstatements th81 arise due to fraud can bè harder to deteetth8n those Ihat ari8e from error as they may involve deliberak concealmentor collusion. A fijrther description of our responsilitIeS lor th8 audrt of the flnanaal statements is located on lh8 Finan¢lal Reporting Councal's websita at: h'.1w.frC.org.Uklaud1t0rre8F0nsIb1Iles. Thi5 deSptIOn forrns wt of ¢xr audito¢s report Use of our report.. This report 18 made solely to th8 tharilable company 8 members, 88 8 boty, in accordance with Chapter 3 of Part 16 ofthe CompaniesAct200& Ourauditwork has been undertaken so thatwe mightstate to the charitabl Pany's members those matters we are iequired to stats to them in an auditor's repDrt and for no other purpose. To th¢ fullest extent petrnitted by law. we do not aept or2ssume responsibility to anyone otherthan the charty and the charty's rnembers, for our audti worl for this report. or forthe opinions we have formed. Mary E Ryan FCCA Isenior Statutory Auditor) For and on behalf of Ark Accountancy Limited Chartered Certified Account8nt & Statutory Auditor 8 High Street, Ewell Epsom Surrey KT17 1RW io
KEW COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 (INCLUDING INCOMEAND EXPENDITURE ACCOUNTI Total Funds 2025 Total Funds 2024 Unrèstrl¢ted R¢stricted Funds Funds Unr•stri¢ted Rèstricted Funds Fund$ Not• Incoming Resoureos Donations and legacies Charitable actNilies 21,777 22,261 11,135 741 11,876 - Avenue Club - Kew Community Centre 128.999 12,027 141,026 107.514 10,708 118.222 127,351 127,351 124,911 124,911 Invostm8nt Inme 108,756 108,765 106.520 108,528 Total income 386,B82 350.080 11,457 361,537 Expendlturo Cost of raising funds Cost of charitable activltles 115 115 275 275 - Avenue Club Kew Community Centre 245.702 12,110 257,812 228.6 10,712 239.318 115,520 81 115,601 109,070 29 109,099 Govemance cost 12 7,000 7.000 9.5Crf) 9,500 Major improvements 14 2.700 2,700 Total expènditurg 368,222 380 527 360,892 Net lexpenditur•llincom• b8forg IL05sIIGain on investments Net ILossllGain on Investment 18,660 214 18,874 204 441 645 16 1179,9751 1179,9751 320,628 320.628 Net movement in funds for the year FurKls brought forward 1 April 2024 1181.3151 214 1161.1011 320,832 441 321,273 4,382,441 5,606 4,388,048 4,061.610 5,165 4,066,775 Funds carried forward 31 March 2025 4.221 127 4 226.948 4,3B2 441 5.606 4,388 048 All income and expenditure dgrive from continuing activities. The statement of financial actwitEs indudes all gains and losses recognised during the year. li
KEW COMMUNITY TRUST COMPANY REGISTRATION NUMBER: 1736623 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note FIXED ASSErs Tangible Assets INVESTMENTS 16 391,772 408,682 17 3.682.795 3,862.770 CURRENT ASSET5 Debtor5 Cash 8t bank 18 46,580 164,594 211,175 45,560 136,397 181,957 Cr8(Jilors- amounts falling due thin 1 year 19 {58,7941 165,361} NET CURRENT ASSETS 152,381 116,596 TOTAL NET ASSETS 4.226.948 4.388,048 Rèpresented by-. ACCUMULATED FUNDS Unrestricted funds General fund linclude rgvalualion reserve of £982,795) Development fund Major repairs fund 21 21 21 3.775.884 390.243 3,920.241 407,201 55.000 4,221.127 4,382,442 Restrlcted funds Development fund Other funds 20 5,821 5.60e 5,821 5,606 TOTAL CHARITY FUNDS 26,948 4 388,048 The nota$ on pages 13 10 26 fom) part of these financlal statements. These aecounts have beèn prepared in ae(XYdare with thè provisions applicable to sm811 companies in Part 15 of the Companies act 2006. Approv by the Board of Trustees on . and signed on its behalf by Trustee 12
KEW COMMUNITY TRUST NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting Polici•s Company Infomiation Kew Community Trust is a charitable company limited by guarantee. The registered office 15 St. Luke's in The Avenue. Kew. Richmond. Surrgy, TW9 2AJ. The principal accounting pc>lieies adopted. judgements and key sources of estimatlon uncertainty in the preparation of the financial statements are as follows.. 81 Basis of preparation The financial statements have been prepared in accord8ncèwith Accounting and Rgporting by Charitles: Stslement of Recommèndéd Practice applicable in the UK and Republic of Ir8land IFRS 1021 leffe¢live October 20191- (Chariti85 SORP IFRS 102}l. the Financial Reportlng Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The fbnancial statements are prepared in sterling which is the fvnctional eu¥rèney. Monetsry amounts in these financial ststem8nts are rounded lo the nearest £1 which can resijlt in £1 rounding differences. Th& financial 51aternents have b88n prepared under thé historical cost convention, modified to include cartain items at fair value. Th8 Charity meets th& dfinon of 8 public benefit entity under FRS 102. Assets and liabilits'es are inits'ally recognised at historical cost or transaction value unless otherwisa ststgd in the relevant accounting policy notes. The Charity has taken advantage of Ihe provisions in the SORP not to preparg a Ststemenl of Cashfiows. The Trustees considgr that Ihere are no material uncertainties 8bout the Charity's ability to contlnue as a going COn(rn due to the value of the Charty's reserves at the year end. bl Income Income is recogni5ed wh8n th8 Charity has entitlement to the funds. any performance conditions attached to the items of incorn8 have been mel, it is probable that th8 incom8 will be received, and thè amount can bè measured reliably. Donatitsns and similar income are accounted for when received. For legacies, entitlement is taken as th6 6adi8r of the date on which either.. the Ch8rty is aware that probate has been granted, the estate has been finalised and nolificalion has been tnade by the èxecutors to the Charity that a distribution will be made, or whén a distribution is raceived from the estate. Receipt of a 18gacy, in whole or in part, is only considerad prob8ble when ihe amount can be measured reliably, and the Charity has been rlifled of the exècutor's intention lo make a distribution. whe legacitrs have b88n notified to the Charity, or the Charity is 8ware of the granting of probate, and thtt criteria for income recognition have nol been mat. th8n th8 18gaoy treated as a conting8nt asset and disclosed if materi81. Income from gr8nts, whether 'capital' grants or 'revenue' grants, is recognised when the Charity has entit18m8nl lo e funds, any performance eonditions attached to the grants have been met, it is probabl that the income will be r8Ggived, and the amount can be measured reliably and is not deferred. 13
KEW COMMUNITY TRUST NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ICONTINUEDI Govgrnrnent grants are accounted forwhen recaivable. Grants arè crgdiled to tha Slatementof Flnancial Activities as Soon as the conditions of receipt have beén satisfied. Charftable income from Avenue Club activities and Room Hire fees are recognised when the actiwty or room hire takes pla. Avenue Club membership income is recognisgd over the m8mber8htp year whh runs from 1 May- 30 April. Investment incom8 is CognIS6d when it is due and can be measured reliably. This is normally when the dividend declaration is made by the Investm8nt Management wmpany. Income received in advance is doferred until th8 ¢rileria for income recognition ère met. cl Investm8nls Fixed asset investments 8re initially measured at transaction price excluding transaction costs 8nd are subsequently statèd at their fair valu8 at 8ach reporting dat8. Movement5 in f8lT value are rewgnised in the statement of Financial Activities. Transaction costs ara expensed as incurred. dl Interest receivable Interest on funds held Sn bank deposit accounts ar¥J tre COIF charities deposrt accounts are includèd when receivabl6 and the amount can be measured rèliatY by the Charity.. this is nomially upon notification of the interest paid or payable by the bank. el Fund accounting Unrestricted fvnds are avallabl8 to spend on activities that further any of the pu¥poses of the Charity. D&signated fvnds are unrestrict8d funds ol the Charity which tho Trust88s have decided at their discretion lo set aside to use for a specilt purpose. Restricted funds are donations which the donor has specified are to be solely used for partular arpas of the Charity's work and, therefore, CA)mprise ol funds with exlemal reslriclions. Restrthd grants and donations towards th8 costs of running the Avenue Club and its activitl8s from AGE UK and other bodies shown in these financial statements ara reslrictsd income of the Avenue Club. The major repair ftjnd represents funds set aside by the ChaTily for futurè maintenance. Q Expenditure and rrrecoverable VAT Expenditure Is recognised once there is 8 legal or constnJctiv8 obligation to make a payment to a third party, it is probable that settlemenl will be required, and the amount of the ot*ligation can be measured reliably. Expenditure Is cl8Ssified under the followiTrg activity headings.. Costs of raising funds comprise various costs of fvndraising and their associated support costs Expenditure on charitablè acts'vilies includes the Avenue Club costs and Kew Commur¢rty Centre costs lo futher the purposes of the Charity and their associated support costs. Other expenditure represents those items not falling into any othèr heading. Irrecov8r8ble VAT Is charged as a cost against the activity for which the eXndItUre was incurred. 14
KEW COMMUNITY TRUST NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {CONTINUEDI gl Employee benefits Th8 ¢osls of short-lerm employts8 benefits are recognis8d as a liability and an expènsts. The cost of any unusèd holiday èntitlement is r8ctsJnised In the period in which the employee's s6rvieès are received. Terrnination bgnefits are reco9nised imm9diately as an 8xpense. h} Allocation of support costs Support costs are those functions that assist the work of the Charity but do not direct undertake charitable activities. Support costs include back-office costs, finance. personnel and costs which support the Charity's activiti85. These costs h8ve been allocated belween cx)st of raising funds and expenditure on charitable actlvities. The bases on which support Costs have been allocatéd are set out in notes 11 and 12. il Tangib18 fixed assets Irdividual fixed assets costing £500 or more are capitali5gd at cost and ar8 subsequenly measur8d at cost or valuation. net ol depTeci8tion and any impaiment losses. They aro depreuatad over their estimated useful economic INes on a straight-line basis as follows.. A$$et Category Leasehold improvements Fumilure and 8quiprnent Annual rate Straight line over the lrfe of the lease 20% straight line At èg¢h reporting d*e, the Charity reviews th& carrying amounts of its tsngibl& a&8ets to determine wh8ther there is any indicalion that those assets have suffered irnpairment Ioss. If any su¢h indication exists, the recoverable arYKiunl of the asset is estsmated in order lo determine th8 extgnl of the impairment. The gain or loss arising on the disposal of an asset Is d8t8rmined as the dfftrence b8tween the sa18 procsads and the caTrying value of the 88set and is rawgnised in Ihe Slalement of Financial Activits"es. Il Debtors Trada and other debtors are recognised al Ihe setherngnt amount due after any trade discount offered. Prepayments are valued al the anx)unl prepaid net of any trade dis¢ounls due. kl Cash at bank and in hand G85h at bank and cash in hand indudes cash and short tom highly liquid investments wth a maturity date of thr&8 months or less from the date of acquisition or opening of the deposit or similar account. l) Creditors and provisions Creditors and provisions are recognised wher8 thé Charity has a present obligation resulting frorn a past evènt that will probably result in the transfer of funds to a third party and the anDunt due lo settle the obligabon c8n be me8$vred or estimatsd ¢liably. CreditOTS and provislons a nomially recognise¢J at their settlemenl amount after allowing for any trade discounts due. 15
KEW COMMUNrrY TRUST NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) ml Flnancial instruments The Charity only has financial assets and financi81 liabilities of a kind th* qualify as basic financial instruments. Basic financial instruments are initially recogllised at transaction value and subsequently measured at their settlement value. The Charity has elected to apply the provisions of section 11. Basic Fin8ncial Instruments, and section 12. Other Financial Instrument Issues, of FRS12 to 811 its financlal instruments. Financial insttUrn8nts are recognised in the balance sh&el when the Charity bewmes party to the provisions of the instrument. Financial assets and liabilid8s are offset, wth the net amounts pras8nled in th8 financial stat8ments, when there is a legally enforc8able right to set off the Tecognised amounts and there Is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Debtors and Creditors with no stated interest rate 8nd receivable orpayable witn on$ yeararg recorded at transaction prfce. Any losses arising from Impaimienl are recognised in expenditure. n) Pensions The Charty operates a defined contribution pension s¢hem8 OP8rated by Scottish Widows. The pension charge in th8 Ststemènt of Financial Activities pres&ntS the amount payable by the Tust to the fund in respect of the year. ol Taxation The Charty is exempt from corptsr8tion lax on its chariiablo a¢tivittes. Legal status of thè CharTty Kow CommLJnity Trust is a company limited by guarantee and accordingly does not have a shar8 capitsl. In accordance wth the Articles of Asswialion, 6ach member of the company undertakes to contiibule an amourTI. not exceeding £3 each to the ass8ts of the charitable company in the event of it being wound up 16
KEW COMMUNITY TRUST NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) Donatlon$ and legacies Total 2025 Total 2024 Unrestrictéd R•strlct•d Unrestrlct Restrictèd Individuals, including tax recovery Kew Church&s 10,721 182 10,903 302 10,135 651 10,786 302 90 Lègacies 11,056 11,056 1,000 1.000 21,777 11,135 741 Income from charltsble actlvlties Total 202S Total 2024 UnrestrEct¢d Restrlctod Avenu• Club Grants.. Unrestrl¢ted Restricted -AGEUK 11,102 11.102 10,584 125 10.584 125 - LBRUT & Other Grants Avenue Club.. 925 925 Sale of lun¢hes and sn8¢ks Activlties 8,999 8,999 97,852 784 5,488 83,520 5,488 83.520 97,852 Outings M8mbers' subscriptions DotFations and Fundraising.. Bring and Buy Members, donations 148 13,155 13,155 11,306 11.306 742 742 1.247 1,247 5,021 783 5,445 2,022 5,445 5.021 Oth8r fundraisin9 783 128.999 12.027 141,026 107514 10,709 118.222 Income activities from charltabl Total 2025 Total 2024 Unrestrleted Restricted Kew Community Centre Contribution from St Luke. Unrastrlcted R•stricted pcc 4,777 121.025 1,179 370 3,835 120,287 400 3,835 120.287 400 Hinng fees Deposlts withheld Members. subscriptions 121,025 1,179 370 390 127,351 127,351 124.911 124,911 17
KEW COMMUNITY TRUST NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {CONTINUEDI Total 2025 Investment Income Total 2024 unrestrict ReStrIed Unre5tri¢ted Restricted Interest Incomg 3,077 3,086 3.129 3,137 Dividend In¢ome 105,679 105.679 103,391 103391 108,756 9 108.765 106,520 106.528 Total 2025 UnrestrIct Restricted Cost of raislng funds Total 2024 Unro8triet•d Restricted Fundraising costs 115 115 275 275 115 115 275 275 Total 2025 Unrestrl¢ted Restrl¢ted Avonug Club Costs Total 2024 Unr•strieted R•stri¢tgd Salaries and wages 48.907 11,102 60.009 44.386 10.584 $4,969 Food 9.534 9,534 6.355 6,355 Activities 66.925 1.004 67,928 65,5T7 125 65,702 Outlngs 751 751 279 279 Other 4.181 4,181 4.004 4,004 Fundraising 23 23 130,320 12,106 142,426 120,601 10,709 131,310 Share of wernises costs1121 Share of administration wsts 64.299 64,304 55,814 55.818 51.082 51,082 245,702 12,110 257,812 228,605 10.712 239 318 18
KEW COMMUNITY TRUST NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) Kew Communlty Contre ¢osts Total 2025 Totsl 2024 Unr•strl¢ted Restrictsd Unrestrictod Rojtrlcted AdversIng & publicity 138 76 214 1.086 25 1.091 Share of premisès costs1121 Share Df administration costs 64,299 64.304 55,814 SS.818 51,082 51.082 52,190 115.520 81 115601 109070 29 109.099 Total 202S Unrestrict•d Restrlcted 10 Adminlstrativo Expenses Total 2024 Unrestrlct8d Restrict8d Salaries- Centre management 90,760 90,760 91,806 91.806 Payroll Procassing 759 759 732 732 Insurance 3,332 3,332 3,408 3.408 Licence fees 516 516 881 881 Stationery, printing.postage, IT 2,502 2.502 3.819 3,819 Telephon& 2,767 2,767 2,690 2.690 Training 176 176 154 154 Miscellaneous 481 308 VAT disallowed 748 454 4S4 Bank charges 124 124 127 127 1t12.165 104380 Allocatèd to Centre 50% atod to Avenue Club 50% 151.0821 51,082 {51,0821 51,082 152,190) 52,190 152,1901 19
KEW COMMUNITY TRUST NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 11 Total 2025 Premlses Costs Total 2024 Unrestricted Rgslrlctèd Unrg$trkted R•$tricted Salaries- Cl8aning ènd Caretaking 47,522 47.522 45,187 45,187 Cleaning materials Depreciation of fumituts and 8quipmer)t Depreciation oflgasehold improvements 4,965 4.965 4.77S 4.775 2,373 2.373 16.957 16,966 16.958 16,966 Heat and light 28,716 28,716 19.658 19,658 InsLJrance 5.864 6.335 6.335 Repairs and maintenance 21.348 21.348 14,553 14.553 Water ratès 2,262 2,262 1,787 128,599 9 12&608 111,628 8 111,636 Support ¢osls'. Allocated to Cenlrè 50° Alocated lo Avenue Club o/. 164,299} {41 164.304) 155,814) 141 15S.818} 64.299 64,304 55,814 Total 2025 Unrestricted Re$tr5ct8d 12 Governance costs Total 2024 Unr96trlct8d Restrfcted Audit fee Legal and professional fèe$ 7,0(Xl 7,000 9.500 9.500 7,000 7.000 9,500 9.500 20
KEW COMMUNITY TRUST NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 13 Wag8s and Salarl•s Average number of empbyees 2025 2024 10 2025 2024 Avenue Club Centre Management Cleaning and Caretaking 60,009 90.760 47,522 198,291 54,969 91,806 45,187 191 963 Salarlos and Wages Nah"onal Insurance Pension Scherne 185,196 9.191 3.904 198.291 179,756 8,619 3,587 No 8mployees r6e8ived remuneration or benefits in excess of£60.000 for the year, nor for the previous year. 14 Major improvements 2025 2024 Unr•strictgd Unrestricted Main H811 refurbishment 2,700 Short Leasehold Prgmises Fumlture and Equipment Tangible As58ts Cost As at 1 April 2024 Addib'ons Scrappad Total 15 798.914 79,648 1.020 12,1731 878,561 1,020 12,1731 877.408 798 914 Accumulated Dèpreciation As a11 April 2024 Charge for the year Scrapp&d 391.724 16,966 78.155 469,879 17,930 12.1731 485 637 12,1731 76,946 4Q8 fj90 Net book value As 8t 31 March 2025 As at 31 March 2024 390.223 407.189 1,548 1.492 391,772 408,682 21
KEW COMMUNifi TRUST NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {CONTINUED) 16 Investments 2025 2024 Valuation As al l April 2024 Appreciation in value As al 31 March 2025 3.862,770 179.975 3,682 795 3,542,142 320,628 3,862.770 The charity held 189.049.37 units in CCLA'S Chaiitl8s Invgstment Fund Income Units 12024= 189,049.371 which are stated at fair valL¢e. Original cost of investmenL £2,700,000 17 Debtors: amouTrt¥ fallSng due within one year 2025 2024 R&nt receivablg Prepayment and sundry debtors 3,316 43,264 7,163 38,397 46,580 18 Cr•dltors'. amounts falling du• wlthln one y•ar 2025 2024 Trade creditors Accruals Sundry Creditors and DÈposits received in advance Members. subscriptions received in advan¢tr Rents and other income received in advance Payroll taxes & penslon Val payabl& 6,276 24,501 16,894 1,100 5.435 3,218 1.369 6,215 22,725 14,706 941 13,447 3,584 3,744 58,794 65,361 22
KEW COMMUNITY TRUST NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {CONTINUED) 19 Restrictad funds The charity's restricted lurKls comprise thg followlng and movem8nt8 in the funds are shown below". Kew Community Centre Developmènt Fund The Development Fund receives grants for dèvelopment of the building at Sl Luke's in the Avenug. Kew Communlty Centre General Fund The General Fund receives grants to fund the tharitable activities of the Trust. Avenue Club Rgstrleted Fund The Avenue Club roceives grants in order to provide se¢vices for local rgsidents. particularly thÈ elderfy. Income for eharitable Activities Cost of Charltable ExpgndStur Balancè at 31 March 2025 Balanee at 1 April 2024 Invè5tment$ Kew Comrnunity Centre D8vglopment Fund 191 General Fund 4.631 11151 Avenue Club 975 12,027 12.182 820 5,606 12.305 5.821 In¢ome for charitable Activities Cost ol Charitable Expenditure Balanc• 31 Mareh 2024 BalaneÈ at 1 Aprll 2023 Investments Kew Community Centre Developmant Fund {8 General Fund 4,165 741 12751 4,631 Avenue Club 1,000 10.709 10,733 975 5,165 11.450 S,fj06 23
KEW COMMUNtrY TRUST NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {CONTINUEDI 20 Accumulated Funds The Development Fund comprises bequests and oth&r amounts rec6tved which the Trustees allocated to the building of tha Marwood Rr)om extension. The annual depreciation of this leasehold improvement will be charged against this fund once the Restricted Development Funds are fully utilised. The Major Repairs Fund represents funds sel as*de by the Trust for future signrfieanl maintènance projeets. Unrestrlctsd Funds Major Repair Fund General Fund Dev•lopment Fund Restrictèd Funds Total As at 1 April 2024 SurplusllLossl fL)r the year 3,920.241 144,358 55,000 407,201 16,957 4.382.442 161315 5,606 214 As al 31 March 2025 3,775.884 4.221127 5,821 Unre$tricte(l Funds Major Repalrs Fund General Fund Dov•lopment Fund R•#trlcted Funds Total As al 1 April 2023 3,582,451 55,000 424,159 4,061,610 5,165 SurplusllLtrs8) for the year 337 790 320.832 442 As at 31 Mardi 2024 3,920 241 55,000 407.201 4,382,442 5,606 24
KEW COMMUNITY TRUST NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 21 Anatysis of Net Assets b•tween Fund$ Unrestrlcted Restrlcted Total Unrestrl¢tgd Reslrlcted Total 202S 2025 2025 2024 2024 2024 Fund balances at 31 March arè ropr8S8nted by.. Tangible assets 391,772 391.772 408.682 408,682 Investments Current a55ets I 3,682,795 3,682,795 3,862,770 3,862.770 146,560 5.821 152,381 110,990 5,606 116.596 4.221.f27 5.821 4.226,948 4 382,442 5,606 4,388,048 Trustees. R¢muneratlon and Benèfits No Trustegs recaived rernuneration, benefits or expensas for the year, nor for the pr8vious year. 23 Rolatèd party transactlon$ Trustees and their close family members made donations lotalling £470 in the year (2024.. £4701. 24 Post Balance Sheèt Events There aré rK) Post b818nce sh&at 8verrts of slgnth¢8nce. 2S