Charity Registration No. 291905
THE KIPPIN TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE KIPPIN TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees A Vaughan J Vaughan Charity number 291905 Independent examiner The HHC Partnership Ltd 52 High Street Pinner Middlesex HA5 5PW
THE KIPPIN TRUST
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 |
| Independent examiner's report | 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 - 6 |
THE KIPPIN TRUST
TRUSTEES REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The trustees present their annual report and financial statements for the year ended 5 April 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Trust Deed, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Objectives and activities
The charity's objects are to support educational, Roman Catholic religious and medical activities.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The charity has continued to support the activities detailed within its Trust Deed
Achievements and performance
The charity continued with its main objectives.
Financial review
The charity's income is dependent upon donations to fund its activities, and the Trustees very much appreciate the continued support.
Structure, governance and management
The charity was established by a charitable trust deed on 13 March 1985 and registered as a charity by the Charity Commission on 26 June 1985.
The trustees who served during the year and up to the date of signature of the financial statements were: A Vaughan J Vaughan
The trustees report was approved by the Board of Trustees.
J Vaughan Trustee
29 April 2024
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THE KIPPIN TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE KIPPIN TRUST
I report to the trustees on my examination of the financial statements of The Kippin Trust (the charity) for the year ended 5 April 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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 financial statements to be reached.
The HHC Partnership Ltd
52 High Street Pinner Middlesex HA5 5PW
Dated: 29 April 2024
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THE KIPPIN TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024
| Unrestricted Unrestricted | Unrestricted Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 30,000 | 36,058 |
| Expenditure on: | |||
| Charitable activities | 3 | 43,590 | 28,435 |
| Other | 510 | 495 | |
| Total resources expended | 44,100 | 28,930 | |
| Net (expenditure)/income for the year/ | |||
| Net movement in funds | (14,100) | 7,128 | |
| Fund balances at 6 April 2023 | 29,163 | 22,035 | |
| Fund balances at 5 April 2024 | 15,063 | 29,163 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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THE KIPPIN TRUST
BALANCE SHEET
AS AT 5 APRIL 2024
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 7 Net current assets Income funds Unrestricted funds |
2024 £ 16,697 (1,634) |
£ 15,063 15,063 15,063 |
2023 £ 29,777 (614) |
£ 29,163 |
|---|---|---|---|---|
| 29,163 | ||||
| 29,163 |
The financial statements were approved by the Trustees on 29 April 2024
J Vaughan Trustee
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THE KIPPIN TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
1 Accounting policies
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have been prepared under the historical cost convention.
2 Donations and legacies
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Donations and gifts | 30,000 | 36,058 | |
| 3 | Charitable activities | ||
| Grants and | Grants and | ||
| donations | donations | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Grant funding of activities (see note 4) | 43,590 | 28,435 |
4 Grants payable
| Grants and | Grants and | |
|---|---|---|
| donations | donations | |
| 2024 | 2023 | |
| £ | £ | |
| Grants to institutions: | ||
| Other | - | 1,120 |
| Grants to individuals | 43,590 | 27,315 |
| 43,590 | 28,435 |
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THE KIPPIN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
5 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year.
6 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | |||
|---|---|---|---|
| 2024 | 2023 | ||
| Number | Number | ||
| Total | - | - | |
| There were no employees whose annual remuneration was more than £60,000. | |||
| 7 | Creditors: amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Other creditors | 1,634 | 614 |
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