Kettering Charities for the Poor Overview and Management
The Kettering Charities for the Poor consist of amalgamated charities managed by the Kettering Town Council. These charities, including the William Martin Charity and the Church and Town Allotment Charity, are overseen by trustees and funded through COIF accounts. The William Martin Charity focuses on providing housing while the Church and Town Allotment Charity distributes income between various charitable purposes.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
Kettering Charities for the Poor Presentation to Council 19thOctober 2022
The Kettering Charities Originally 8 or 9 separate charities which were amalgamated in the 1990s into two groupings Managed on the charities behalf by KBC from the 1950s to 2021, and then transferred to the Town Council. The William Martin Charity The Church and Town Allotment Charity and The Kettering Charities for the Poor Fuel grants Apprenticing
How they are managed Trustees Four appointed by KTC Rector of SS Peter and Paul Up to three other trustees appointed by the Trust Board Governance and management of finances and grants by the clerk - costs recharged back to the charities. Charity Commission oversight Separate banking arrangements from Town Council.
How they are financed All three charities have funds invested in COIF accounts , which are managed by the CCLA CCLA = Churches, Charities and Local Authorities (CCLA) Investment Management Limited COIF = Charities Official Investment Fund These provide a regular flow of investment income which enables the charities to function although in the case of the William Martin charity, this is relatively small source of income In addition, interest is earned on the amounts held in the bank and on deposit with COIF.
William Martin Charity Original bequest to provide housing for poor single persons in Kettering In the late 1990s, it purchased from Kettering Borough Council a flat within the Lawns Sheltered housing scheme. The flat is managed by NNC but the rental income is paid over by NNC, minus any repair or property costs Apart from the principal asset itself, the charity benefits from Almost 3500 net rental income a year, and about 200 income from investments Total capital assets of 75,000 Main issue is how to make best use of its capital assets, which are not enough to acquire another property.
Church and Town Allotment Charity This is an umbrella charity, which divides its income up annually between the two arms of the Charities for the Poor and the Church of SS Peter and Paul, on an established ratio. In 2021/22, the charity earned 570, divided up 12/43, 26/43 and 5/43 between the parish church, apprenticing and fuel grants respectively.
Apprenticing Charity Exists to provide grants to people in Kettering and Barton Seagrave who incur unusual costs in training as an apprentice or on a course of further of higher education. Cannot cover living expenses Typically grants range from 250- 500 and are for specific things . Only a handful of applications each year The Trustees have agreed that grant should be focused on those with high needs and low resources Income of about 2500/yr and expenditure of less than 1000 now funds stand at 25000
Fuel Grants Exists to support people living alone, in Kettering and Barton Seagrave, who are over state retirement age, by making a grant towards their fuel costs, and who have a low income. Annual grant application window from late October to early December, with payments made by Christmas Grants relatively modest - 60 last year; 45 the year before Only 212 eligible applications submitted in 2021 Income of 17000 in 21/22 Total spent on grants last year was 11040, plus 700 on admin, and audit.
Fuel Grants Low income is taken to mean about 300 a week once certain benefits have been disregarded - these are Attendance allowance Disability living allowance War widows pension 87% of applicants in 2021 had an income below the 300 threshold above Trustees have agreed that, for 2022, there will be a grant of 70 and an absolute limit on qualifying income of 300.
Fuel Grants Take up has been slowly declining for some years and seems to rely on word of mouth and historic knowledge. Working with Age Concern to target new potential applicants and improving how we communicate about the charity Careful balance between having the right number of applicants to ensure a reasonable level of grant even at 70, this means that 250+ applicants will cost the charity more than it get in income this year.
Summary Low profile charities Balance of income and expenditure needs careful management and promotion, so as not to overwhelm their resources Better targeting of potential applicants is needed Members ideas on how to better target and communicate the charities to the right audience is welcomed.
