REGISTERED COMPANY NUMBER: 03024733 (England and Wales) REGISTERED CHARITY NUMBER: 1044712 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for Land uard Fort Trust *AEDVSEUB• 2411012025 COMPANIES HOUSE A19
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Land uard Fort Trust Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees 1 to 5 Independent Examineffs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10 to 17 Delailed Statement of Financial Acttvities 18 to 19
Land uard Fort Trust ort of the Trustees for the Year Ended 31 March 2025 The Trustees, who are also directors of the Charity for the purposes of the Companies Act 21Th. present their report with the independentty examined financial statements of the Charty for the year ended 31 March 2025. The Charity is a Company limited by guarantee and has no share capital and was incorporated on 21st February 1995. The Charity was estsblished under a Memorandum of Association and is governed under its Articles of Association. The Trustees Mr T Clarke (resigned as Chair 20 March 2025) Mr C G Cole (appointed 19 January 2025} Mr S J Curtis Mr J W Ogden (elecled as Chaif 20 March 2025) Ms N Pace (resigned 29 January 2025) Mr P Poole (resigned 6 January 2025) Mr M Shamian Mr C D Slemmings (Wice Chair) Mr M Stephenson (Company Secretary) Mr K J Sullivan (Treasurer) Objectlves and activities Objectlves and alms The main objective is to increase the public's understanding and educational use of the fort. in the form of the written word, illustrations. guided tours, audifrvisual Presentations and the staging of special events in and around the Fort. The objectives of the Charty are to advan the education of the public about: the role of Landguard Fort. Felixstowe as a building of greal historical and educational interest in the defence of the realm, and Ihe ways in which the inhabitants of Landguard Fort lived their daity lives Significant actlvities The Charity's aims are to open Landguard Fort to the public and to create a unique exhibrtion. educational facility and visitor attraclion. This is achieved through a Local Management Agreement Nmth English Heritage Trust and the recruitment of a force of Landguard Fort Volunteers without whom the aspirations could not be met. A General Manager and Operations Asstslant are employed to oversee the day to day running of the Trust's activities. The Trustees work wth English Heritage Trust. Felixstowe Town Council, East Suffolk Council. the Landguard and Felixstowe Conservation Trust and the Port of Felixstowe and thank them for their continuing and valued support, wrthout which it woukl be considerably more difficult for the Trust to meet its charitable objectives.
Land uard Fort Trust Re ort of the Trustees for the Year Ended 31 March 2025 Objectives and a¢tlvltles Public benefit The Trustees confirm that they have paid due regard to the Charty Commission's guidance on public benefrt and have strived lo ensure that the Charivs activities reflect this. For the public benefit the Trust informs visitors of the hislory of Landguard Fort vthich is part of the heritage of EnglarKI. This includes exhibitions of the lives and work of the sddters who lived there throughout the period 1650 to 1956 featuring exhibitions of guns, the historic development of the fort and the recreations of living and working condilions. The Trust conts'nues to promote its role, this yeaf using radio advertising and printed and social media channels to reach potential new audiences. We actively encourage visits from younger audiences with a policy of not only providing free visits for school groups but supplw'ng an experienced guide for these groups wherever posSle. We also collaborate with national heritage days allowir free entry, providing opportunbties for visitors of all backgrounds to gain access to the fort. Volunteers Volunteers are vital for the very existence of the Fort Trust. and we continue to demonstrate. as we have for over 30 years, our love for Landguard Fort and our commitment to displaying it for the benefft of the public. The Trust continues to support volunteers through a variety of activities including-. . Smartlog H&S training NCVO training Breakfast 'club' Quiz and meal evenings . Annual Luncheon Volunteer wellbeing . EH Affiliate Scheme All of this helps to create an atmosphere where volunteers want to contribute their ts'me In looking after and opening a scheduled rnonumenl to the public. I would like to fomialty thank Tony Smith who has rnoved away this year. for all his hard work and enthusiasm which has ranged from displays to events and general tours. Tonls Ghost Tours were a true experience, and we are all gfateful for his contribution to the operation of the Fort. We warmly welcome new VoluntrS aged 18 and above from all backgrounds, who can always find an area of interest in which lo contribute to and join a community which not only prepares and presents the fort for our many visitors but also enjoys the fun of working iogelher and shared social events.
Land uard Fort Trust Re ort of the Trustees for the Year Ended 31 March 2025 Achlevement and perforn)ance Charitable activities The year April 2024 until March 2025 was a year of transition with Elian Shipp. our new General Manager, joining us in March 2024. We also faced a difficult trading pertod which affected the ents're leisure sector and seemed particularly difficult for culture and the arts. Our customer numbers and revenue Yre affected by the canlIation of one of our twtr day Christmas weekends. The whole team had made every effort to Continue despite the deteriorating weather conditions. It is a credit to everyone that the arrangements for this high-profile CanlIatiOn were handled very well. The year saw 21,316 visitors to the fort, still well ahead of our post covid tsrget of 18.000 visitors. Once again, the shop and tearoom provided an excellent service for our visilors and provided an essential income stream to support our activities. This included valuable income from supporting ticketed and communty events Community Landguard Fort Twst continues to support the community by hosting events, providing gueS for School and College visits. Our guKles and managers also provide talks and lectures to interested groups in both Suffolk and Essex. The mayor had Iwo sponsored charities for the year, one of which was the Landguard and Felixslowe Conservation Trust (LCT). we were delighted to both host and support the activities during the year. Fort Forward Our Fort Forward group. abty chaired by Steve Curtis. continues to drive projects which improve interpretats'on for visitors, with the team notably working hard during this period on the Seaward Defence HQ. wfiile also preparing the background for the AntI-rcraft display. Submarine Mining Establlshment (SME) project The trustees gave approval for Maltings Studio (herttsge interpretation designers) to Work with the FF team to create a new interpretation display for the SME room (M19). Mattings submitted their 'iniiial eas. proposal which not only included some innovative ideas for static and interactive displays for the fort. but a new interpretation display for the museum. linking the two sites for our visitors. Toilets This important. if long running. project saw some significant progress through physical examination of the substructure with trial 'pits' being dug and investigated under the guidance of Historic England, a vital precursor to a planning application. English Heritage The trustees, combined with the trustees of the Museum and LCT, continue lo press for a new Local Management Agreement (LMA) which will provide transparency over responsibilities at the Fort while offering 'security of tenure. which will enable the organisations to bid for significant project funding. English Heritage has been in a state of transiti'on due to staff cuts and significant reorganisation. Flnancial review Financial position The financial statements are set out on pages 8 to 17. The financial statements have prepared in accordance with Accounting and Reporting by Charrties: 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) (effective 1 st January 2019) - (Charities SORP (FRS102)) and the Companies Act 2006 The Trustees cOnser the financial performance by the Charty during the year to have been satisfactory. In common with most organisations. the Trust is exposed to increasing costs at the present ts.me and the current cost-of living concerns have seen an impact on visitor numbers and visitor spend. despite this the overall resulls continue to be strong. The Statement of FTnancial Activities shows net expenditure for the year of £14,447 (15 months ended March 2024.. net income £4.266). Total Funds at 31 March 2025 stand at £233,534 (2024.. £247.981}. The Trustees are salisfied that the Charty holds an adequate amount of liquid assets (in the form of bank and building society deposits) to ensure that it is able to meet its obligations as they fall due.
Land uard Fort Trust Re ort of the Trustees for the Year Ended 31 March 2025 Financial review ReseNes policy Unrestrlcted Funds Free reSerS are represented by net current assets within the Unrestricted Funds of the Charity. Free weseTves ensure the resilience and sustsinability of the Charity in such circumstances as when encountering: . a temporary period of redUd income an unexpected increase in operational costs . unexpected managemenuoverhead costs The Trustees continue to take into account relevant guidance. including that provided by the Charity Commission in CC19"Charity Resenies: Building Resilience" The continuing review examines potential risks and assesses these risks against costs to detemiine an appropriate and prudent level of reserves, together with an appropriate management framework. Deslgnated Funds As part of its review of Reserves the Trustees have confinned the designation of Unrestricted Funds in respect of the following slrategic develowents induded within the Trusfs Cufrent strategic plans: (i) Artefacls Fund The Trust is always looking at ways to enhance ils collection of artrfacts, particularly ordnance. These items are infrequently available and the Tnjst needs to be able to respond promptly to any opportunty as 1¢ emerges. In recent years the Trust has spent over £25.000 on ordnance. (li) Capital Investment Fund Several large-scale improvements have been identified by the Trustees as being required both lo further enhance the visitor experience and promote the Trust's objectives or lo ensure that artefacts are mainlained in a surtable environment. (lit) Heritage Lottery Fund There are significant opportunities for accessing Heritage Lottery funds which normally require an element of matched funding. This Fund has been established by the Trustees to allow the Trust to submit future bids as opportunities arise. either independenlty or in partnership with other organisations. (iv) Visrtor Facilities Fund Portable chemical toilets have been in use al the fort for many years. The significant increase in visitor numbers achieved in recent years mean that this solution is not considered by the Trustees to be sustainable and £20.000 has been allocated from the Capital Investrnent Fund ¥th an additional £30.000 from the General Fund for a project to provide pemianent visitor faciltties. It is hoped that external funding can also be secured in this respect as the overall cost is likely to be significant. Future plans The Trust conlinues to develop the facilities and interpretation of the fort in order to attract visitors. The funds generated enable the Trust to conts'nue its educational activity and to enable both local people and visitors to have access to and experience their heritage. Structure, governance and management Governing document The Landguard Fort Trust is con5ti1uted by Deed of Trust and is a Registered Charity No 1044712 and an Incorporated Company limited by Guarantee No 3024733.
Land uard Fort Trust ort of Ihe Trustees for the Year Ended 31 March 2025 structure, governance and management Recruitment and appointment of new trustees Individuals who make themselves known to the Trust or who are identified as potential trustees are interviewed by two Irustees and are then invited to observe at a Trustee meeting. Potential trustees are required to sign the Trustee Code of Conduct and are then COThOPted to attend Trustee meetings until the next Annual General M*ting. At the AGM new Trustees are subject to election by members and can then serve. Trustees retire by rotation. one third rets'ring every year. Trustees may then apply for TleCtIOn as specified in the Memorandum of Association. Landguard Fort Trust is an active member of The Landguard and Felixstowe Conservalion Twst (fomerty The Landguard Partnership) which is a collection of Landguard Peninsular stakeholders who coordinate the management of the peninsula and develop and implement plans to improve Ihe area as a visilor attraction whilst conserving the heritsge and habitst. Related parties There are no transactions with related parties requiring disclosure. Reference and administrative detalls Registered Company Number 3024733 (England and Wales) Reglstered Charity Number 1044712 Registered office Landguard Fort View Point Road Felixstowe IP113TW Independent examiner Adrian Rush 150 Chelsworth Road Felixstowe IP112UJ Bankers The Trust's bankers are TSB Bank plc, 16 Buttermarket. Ipswich, IP1 1 BG Approved by order of Ihe board of trustees on ... and signed on its behalf by: Jwogd
Inde Land endent Examiner's Re uard Fort Trust ort to the Trustees of Independent examinerfs report to the trustees of Landguard Fort Trust fthe Compan) report to the ¢harty trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charitys Irustees of the Company (and also its directors for the purposes of company law) you are responsible for Ihe preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Acr). Having satisfied myself that the accounls of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect ol my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carying out my examination I have followed the Directions given by the Charty Comrnission under Section 145(5) (b) of the 2011 Act. Independent examiner'$ ststement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to bel*ve" accounting records were not kept in respect of the Company as required by Sectton 386 of the 2006 the accounts do not accord with those records", the accounts do not comply wilh the accounting requirements of Sects'on 396 of Ihe 2006 Act other than any requirement that the accounts give a In arKI fair view which is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordance wrth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable lo charities preparing their accounts in accordance with the Financial Reporti"ng Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Adrian Rush Date: ..
Land uard Fort Trust Statement of Financial Activities for the Year Ended 31 March 2025 Period 1.1.23 to 31.3.24 Total funds Year Ended 31.3.25 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 72.651 72.651 83.003 Other trading activbties Investment income Other income 48.231 4.087 210 48,231 4,087 210 80.353 3,481 516 Total 125.179 125.179 167,353 EXPENDITURE ON Raising funds 25.451 25.451 38,878 Charitable activities Fort opening 35.090 35.090 31,914 Other 78.388 697 79,085 92,295 Total 138.929 697 139.626 163,087 NET INCOMEI(EXPENDITURE) (13.750) {69n (14,44n 4.266 RECONCILIATION OF FUNDS Total funds brought forward 245,043 2.938 247.981 243,715 TOTAL FUNDS CARRIED FORWARD 231,293 2.241 233,534 247,981 The notes form part of these financial statements
Land uard Fort Trust Balance Sheet 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets Heritage assets 13,224 22,815 741 13,965 22,815 15,149 22,581 10 36,039 741 36.780 37,730 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 11 12 14,063 10,054 180.984 14,063 10,054 182.484 14.002 7,864 195,677 1.500 205,101 1.500 2[,601 217,543 CREDITORS Amounts falling due within one year 13 (9.847) (9.84T) (7,292) NET CURRENT ASSETS 195,254 1,500 196.754 210.251 TOTAL ASSETS LESS CURRENT LIABILITIES 231.293 2.241 233.534 247.981 NET ASSETS 231,293 2,241 233.534 247,981 FUNDS Unrestricted funds Restricted funds 14 231.293 2,241 245,043 2,938 TOTAL FUNDS 233,534 247,981 The charitable company is entitled to exempts'on from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees ackno%dge their responsibilities for (a) ensuring that the chaTltable company keeps accounting iecords that compty with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of ils surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which othenvise compty with the requirements of Ihe Companies Act 2CMJ6 relating to financial statements. so far as applicable to the charitable company. The notes form part of these financial statements
Land uard Fort Trust Balan Sheet - continued 31 March 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the smau companies regime. The financial statements were approved by the Board of Truslees and authorised for issue on IIK.odthJ...2y)* . .... arKI were sned on its behalf by. Jwo en-Tr The notes fonn part of these financial statements
Land uard Fort Trust Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefrt entity under FRS 102, have been prepared in accordance with the CharitÈes SORP (FRS 102) 'Accounting and Reporting by Charitses: Statement of Recommended Practice applicable to charities preparing their accounts in accordance vilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Compan*s Act 2006. The financial statements have been prepared under the historical cost convention. The trustees consider thal there are sufficient reserves to enable Ihe TTUSI to continue as a going concem. Assets and liabilities are initially recognised at historical cosl or transaction value unless Othervse ststed in the relevant accounting policy note(s). Incorne All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliabty. Income is shown net of VAT. Income from grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be recetved and the amount can be measured reliably and Is not deferred. Investrnent income is recognised on a receivable basis. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to Ihal expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is shown net of VAT. Expenditure is accounted for on an accfuals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Charltable activities Charitable expenditure shall include all expenditure directy related to the objects of the charty including the following Activities in furtherance of the chartvs objectives The cost of goods and services and ancillary trading costs Ihal have been incurred in charrtable acts'vities. Support cosls of activities Support costs of aclivilies for charitable purposes comprising the salary costs of the Manager. Tangible fixed assets All assets costing more than £250 are capitallsed and valued at historical cost. Depreciation is provided at Ihe fOlklI¥j annual rates in order lo wrile off each asset over its estimated useful lrfe. Improvements to propety- 10/4 on cost Video and audio equipment - 330/0 on cost Heritsge assets All heritage assets are stated at cost less depreciation. Where in the opinion of the Trustees the estimated residual value is not markedly drflerent from Ihe carrying amount no depreciation is charged as it is deemed immaterial
Land uard Fort Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - contlnued Stocks Stocks are valued at the lower of cost and net realisable value. after making due allowan for obsolete and slow moving iterns. Taxation As a registered charty. the Trust is exempt from income and corporatton tsx to the extent that its income and gains are applicable to charitable purposes only. . Fund accounting The Charty maintains a general unrestricted fund which represent5 funds which are expendable at the discretion of the Twstees in furtherance of the objects of the charty. Such funds may be held in order to finance both working capital and capitsl investrnent. There is no formal policy of transfer belween funds or on the allocation of funds lo deSnated funds, other than that described above. Any other proposed Iransfer between funds would be considered on the particular circumstances. Further explanation of the nature and purpose of each fund is induded in the notes lo the financial statements. OTHER TRADING ACTIVITIES Period 1.1.23 to 31.3.24 Year Ended 31.3.25 Events" Shop income Tea Room income GTOUPS & tou Trails Ticket 5ale5 9.358 14.347 15.(K)8 4.996 4.158 29,622 18,740 19.344 4,891 7.258 498 48,231 80,353 Events income of £12,887 is shown net of the joint ticket adjustrnent payment to the museum of £3,529. INVESTMENT INCOME Period 1.1.23 Year Ended 31.3.25 31.3.24 C)eposit account interest 4.087 3,481
Land uard Fort Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2025 NET INCOMEI(EXPENDITURE) Net incomel(expendilure) is stated after chargingl{crediting).' Period 1.1.23 to 31.3.24 Year Ended 31.3.25 Depreciation - owned assets 5,226 6,261 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024. Trustees, expenses There were no trustees. expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024. STAFF COSTS The average monthty nurnber of employees during the year was as follows: Period 1.1.23 to 31.3.24 Y&qr Ended 31.3.25 Administration No employees received emoluments in excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 83.003 83.003 Other trading activities Investrnent income Other income 80,353 3.481 516 80.353 3,481 516 Total 167.353 167.353 EXPENDITURE ON Raising funds 38.878 38,878 Charltable activities Fort opening 31,914 31,914 Other 91,734 561 92,295 Totsl 162,526 561 163,087
Land uard Fort Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds Total funds NET INCOMEIIEXPENDITURE) 4.827 {561) 4.266 RECONCILIATION OF FUNDS Tolal funds brought forward 240.216 3.499 243.715 TOTAL FUNDS CARRIED FORWARD 245.043 2,938 247,981 FEES FOR EXAMINATION OF THE ACCOUNTS The fee charged in iesped of Ihe independent examination of the Trusfs financial statements for the year ended 31March 2025 was £500 (2024: £500). The Independent Examiner provides no other prolessional or business services to the Trust. TANGIBLE FIXED ASSETS VKleo arKI Improvements audio to property equipmenl Fixtures and fittings Totals Cost At 1 April 2024 Additions 25.860 18.363 9.595 4.042 53,818 4,042 At 31 March 2025 25,860 18,363 13,637 57,860 Depreclation At 1 April 2024 Charge for year 15,298 2,586 18.363 5.008 2,640 38,669 5,226 At 31 March 2025 17,884 18,363 7,648 43,895 Net book value At 31 March 2025 7,976 5,989 13,965 At 31 March 2024 10,562 4.587 15.149 10. HERITAGE ASSETS Total Market value At 1 April 2024 Additions 22,581 234 At 31 March 2025 22,815 Net book value At 31 March 2025 22,815 At 31 March 2024 22,581
Land uard Fort Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2025 10. HERITAGE ASSETS - continued Heritage Assets comprise historic weaponry which was purchased during the financial year ended 31 March 2016 and the current period. There have been no Subsequent disp0531. The Trustees do not consider that there is any impairment event requiring to be regnised in the current period or in earlier years in relation to this category of assets. The accounting polw for this category of assets is set oul in Note 1 to these Accounts. 11. STOCKS 31.3.25 31.3.24 Goods for resale 14,063 14.002 12. DEBTORS: AMouKfs FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors VAT Prepayments 1,551 3,000 5.503 627 2,481 4.756 10.054 7,864 13. CREDITORS: AMOUNTS FALLING DUEWITHIN ONEYEAR 31.3.25 31.3.24 Trade creditors Social securty and othef tsxes Other creditors Accrued expenses 4.064 2,020 408 3.355 2,319 1.334 206 3.433 9.847 7,292 14. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund Artefacts fund Heritage Lottery Bid fund Capital investment fund V151tor Facilities fund 123.704 30.000 15.000 26.339 50.WO (11.164) 112,540 30,000 15,000 23,753 50,000 (2.586) 245.043 (13,750) 231.293 Restricted funds Project AV Project Drive Defibrillator fund (334) 560 1.500 181 1.500 (363) 2.938 (69n 2.241 TOTAL FUNDS 247,981 (14.44n 233.534
Land uard Fort Trust Notes to the Financial Statements - conb'nued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS - continued Net movement in funds. induded in Ihe above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund Capital investrnent fund 125.179 (136.343) (2.586) (11,164) (2.586) 125.179 {138.929) (13.750) Restricted funds Project AV Defibrillalor fund {334) (363) (334) (363) {697) (697) TOTAL FUNDS 125.179 (139,626) (14.447) Comparatives for movement in funds Net movement in funds Transfers between funds At 31.3.24 At1.1.23 Unrestricted funds General fund Artefacts fund Heritage Lottery Bid fund Capital investment fund Visitor Facilities fund 145.644 30,000 15,000 49.572 8.060 (30,000) 123,704 30.000 15,000 26,339 50,000 (3.233) (20,000) 50,000 240.216 4.827 245.043 Restricted funds Project AV Project Drive Defibrillator fund 1.000 1.500 999 (106) 894 1,500 (455) 3.499 {561) 2,938 TOTAL FUNDS 243.715 4,266 247,981
Land uard Fort Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS - continued Comparative net movemenl in funds. induded in the above are as follows.- Incoming Resources Movement resources expended in funds Unrestricted funds General fund Capital investment furKI 167.353 (159,293) {3.233) 8.060 (3.233) 167.353 (162.526) 4.827 Restricted funds Project AV Defibrillator fund (106) (455) (106) (455) (561) (561) TOTAL FUNDS 167,353 (163,087) 4.266 The tfustees have created the following Desgnated Funds from Uniestricted Funds: (i) Artefacts Fund - balance at 31 March 2024: £30.000 The Trustees designated an initial £30,000 to this Fund. At 31 March 2024 £22,580 of this Fund is represented by the Heritage Assets included in Note 10 to Ihese Accounts. (li) Capltal Investment Fund - balance at 31 March 2024: £26,339 The Trustees have designated £60,000 to Ihis Fund. At 31 March 2024 this has been reduced lo £26,339 as a consequence of cumulative depreciation being charged in respect of the acquired assets as noted above. Of the remaining net balance on this Fund. £10.562 is represented by fixed assets included in Note 9 to these Accounts. lili) Heritage Lottery Fund - balance at 31 March 2024: £15.1)00 This Fund has been established by Ihe Trustees to allow the Trust to submil future bids as future opportunities arise. either independenlly or in partnership with other organisations.. (iv) Wisitor Facilities Fund - balance at 31 March 2024: £50,IX)O The Trustees have designated £50.000 to replace the chemical toilets with a loilet block to provide permanent visitor facilities. Restricted Funds Funds established by grants from Felixstowe Town Council as follows.. - Project AV. in 2020 for additional Audio Visual capabilty. Project Drive, in 2020 to cover improved visitor experience for disabled and visitors with restricted mobility. - Project Signage in 2021 to renew interpretation for visiioTS. Funds established by a grant from East Suffolk Council: Plan for the future, in 202110 provide a tour guide app for visitors. - Deputy fund in 2022 to help finance the salary of the new Deputy Manager.
Land uard Fort Trust Notes to the Financial Slatemenls - continued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS- continued Fund established by a grant from The Food Kbtchen: Kick Start fund in 2022 to fund employment under the Kick Stsrt Programme. Fund established by a grant from Felixstowe Lions Club: Defibrillalor fund in 2022 to acquire a defibrillator 15. RELATED PARTY DISCLOSURES There were no relaled party transactions for the year ended 31 March 2025.