2023-03-31-accounts

	Notes	Unrestricted	Restricted		Designated	Total	Total
		Funds	Fund		Funds	2023	2022
		£		£	£	£	£
Incomefrom
DonationsandLegacies	2	61,320	4,963		-	66,283	61,174
Othertradingactivities	,	7,476		-	-	7,476	3,497
Insuranceclaim-wall		-		-	-	-	3,426
Investmentincome	3	498		-	126,997	127,495	125,023
TotalIncome		69,294	4,963		126,997	201,254	193,120
Expenditureon
Raisingfunds	4	2,639		-	18,491	21,130	21,709
Charitableactivities	5	267,759		-	1,200	268,959	290,345
TotalExpenditure		270,398		-	19,691	290,089	312,054
Net(Expenditure)Income		(201,104)	4,963		107,306	(88,835)	(118,934)
Netgainsoninvestments		-		-	(281,869)	(281,869)	232,176
Netincome/(expenditure)		(201,104)	4,963		(174,563)	(370,704)	113,242
Transfersbetweenfunds		158,506		-	(158,506)	-	-
Netmovementinfunds		(42,598)	4,963		(333,069)	(370,704)	113,242
Reconciliationoffunds
Totalfundsbroughtforward		226,135	170		5,966,854	6,193,159	6,079,917
Totalfundscarriedforward	16	183,537	5,133		5,633,785	5,822,455	6,193,159

	Notes		2023		2022
		£	£	£	£
FixedAssets
Tangibleassets	11		211,193		214,316
Fixedassetinvestments	12	5,055,005		5,423,110
FreeholdInvestmentProperty	13	470,000	5,525,005	470,000	5,893,110
Total fixedassets			5,736,198		6,107,426
CurrentAssets
Stocks		2,098		2,543
Debtors	14	10,161		14,139
Investments	12	12,936		18,124
Cashatbankandinhand		83,486		86,511
Totalcurrentassets		108,681		121,317
Creditors:Amountsfallingduewithin
oneyear	15	(22,424)		(35,584)
Netcurrentassets			86,257		85,733
Netassets			5,822,455		6,193,159
CharityFunds
DesignatedFunds	16		5,633,785		5,966,854
RestrictedFund	16		5,133		170
Unrestrictedfunds	16		183,537		226,135
Totalcharityfunds	18		5,822,455		6,193,159

	2023	2022
	£	£
Netcashprovidedbyoperatingactivities(seeNote22)	(220,197)	(238,674)
Cashflowsfrom investingactivities
Dividends,interestandrentsfrominvestments	126,997	124,978
Bankandotherinterestreceived	498	45
Purchaseoftangiblefixedassets	(1,747)	(5,850)
InvestmentmovementsmadebyAdvisers
MovementincashheldbyInvestmentadvisers	5,188	32,109
Saleofinvestments	2,390,406	648,801
Purchaseofinvestments	(2,304,170)	(579,128)
Netcashfrom investingactivities	217,172	220,955
Net(decrease)incashandCashequivalents	(3,025)	(17,719)
Cashandcashequivalentsat1April2022	86,511	104,230
Cashandcashequivalentsat31March2023	83,486	86,511
Cashandcashequivalentsconsistsof
Cashathandandinbank	83,486	86,511
Cashandcashequivalentsat31stMarch2023	83,486	86,511

	Unrestricted	Restricted	Designated
Incomefromdonationsandlegacies	Funds	Funds	Funds	2023	2022
	£	£	£	£	£
Membershipsubscriptions	39,947	-	-	39,947	42,385
Donations	17,015	4,963	-	21,978	11,953
Grant	-	-	-	-	2,500
Legacies	-	-	-	-	190
Lottery	4,358	-	-	4,358	4,126
	61,320	4,963	-	66,283	61,154
	Unrestricted	Restricted	Designated
Incomefrominvestments	Funds	Funds	Funds	2023	2022
	£	£	£	£	£
Dividendsreceivable	-	-	75,164	75,164	73,253
Interestonfixedinterestbonds	-	-	29,228	29,228	29,615
OtherInterestreceivable	498	-	-	498	45
Rentalincome	-	-	22,605	22,605	22,110
	498	-	126,997	127,495	125,023
	Unrestricted	Restricted	Designated
Expenditureonraisingfunds	Funds	Funds	Funds	2023	2022
	£	£	£	£	£
Investmentmanagementfees	-	-	14,464	14,464	14,332
Purchasesforresaleandfundraisingcosts	1,049		-	1,049	1,561
LotteryClubprizes	1,590	-	-	1,590	1,500
Propertyrentalcosts	-	-	4,027	4,027	4,316
	2,639	-	18,491	21,130	21,709

			Unrestricted	Restricted	Designated
5	Expenditureoncharitableactivities		Funds	Fund	Funds	2023	2022
			£	£	£	£	£
	Directcosts
	Staffcosts		150,841	-	-	150,841	162,180
	Campaigning-Legalcosts		-	-	-	-	1,633
	StaffTravelling		1,015	-	-	1,015	449
	Contributiontocampaigns		(2,000)		-	(2,000)	8,904
	Publicityandprinting		-	-	-	-	-
	Events		2,078	-	-	2,078	759
	Newsletters		10,294	-	-	10,294	9,417
	Volunteeringactivities		401	-	-	401	829
	SubscriptionspublicationsandDonations		1,407	-	-	1,407	1,440
	Supportcosts
	Generalofficestaff		60,322	-	-	60,322	55,242
	Premisescosts		12,431	-	-	12,431	16,647
	Staffrecruitmentandsupportcosts		2,867	-	-	2,867	1,890
	Stafftraining		231	-	-	231	1,497
	Liabilityinsurance		1,743	-	-	1,743	1,606
	Printing,postageandstationery		976	-	-	976	1,450
	Telephone		2,508	-	-	2,508	2.008
	Computer,websiteandequipment	maintenance	3,655	-	-	3,655	3,618
	Consultancyandprofessionalcosts		-	-	-	-	-
	Depreciationandwriteoff		3,670	-	1,200	4,870	4,014
	Sundryexpenses		1,012		-	1,012	945
	Governancecosts	(Seenote6)	14,308	-	-	14,308	15,292
			267,759	-	1,200	268,959	290,345
6	Governancecosts					2023	2022
						£	£
	Staffcosts					8,013	7,581
	Auditors'remuneration2021/22	(note10)				6,480	4,800
	Auditors'remuneration2021/22	under(over)	provisionpreviousyear			(960)	2,115
	Othercosts					775	796
						14,308	15,292

	2023	2023	2023	2022	2022
	Number	FTE		Number	FTE
Charitableactivities	5		4	5	4
Employmentcosts				2023	2022
				£	£
Wagesandsalaries				191,707	197,510
Socialsecuritycosts				16,041	15,731
Otherpensioncosts				11,428	11,762
				219,176	225,003
AnalysisofStaffCosts
Thenumberofemployeeswhosetotalemployeebenefitsexcludingpensioncontributions			exceeded	£60,000 was
				2023	2022
				No	No
£60,000-£70,000				1	1

Auditor'sRemuneration TheamountspayabletoKrestonReeves
	2023		2022
	£	£
Auditofthefinancialstatements	6,480		4,800
	6,480		4,800

11	Tangiblefixedassets	Freehold		Computers	Fixtures,	Total
		land&		&office	&fittings
		buildings		equipment
				£	£	£
	Costorvaluation
	Asat1April2022	210,000		19,724	17,561	247,285
	Additions	-		1,247	500	1,747
	Disposals	-		(1,237)	-	(1,237)
	Asat31March2023	210,000		19,734	18,061	247,795
	Depreciation
	Asat1April2022	2,400		13,496	17,073	32,969
	Disposals		-	(309)	-	(309)
	Chargefortheyear	1,200		2,505	237	3,942
	Asat31March2023	3,600		15,692	17,310	36,602
	Netbookvalues
	Asat31March2023	206,400		4,042	751	211,193
	Asat31March2022	207,600		6,228	488	214,316

12	Fixedassetinvestments	2023	2022
		£	£
	Marketvalueat1April2022	5,423,110	5,260,607
	Acquisitionsatcost	2,304,170	579,128
	Disposalproceeds	(2,390,407)	(648,801)
	Changeinvalueintheyear: Realised Unrealised	157,195 (439,063)	100,390 131,786
	Marketvalueat31March 2023	5,055,005	5,423,110
	Historicalcostat31March2023	4,934,786	4,864,228
	Investmentsarerepresentedby:
	Fixedinterestbonds	932,722	898,955
	MultiassetandAlternativeInvestmentFunds	4,122,283	4,524,155
	Totalfixedassetinvestments	5,055,005	5,423,110
	Currentassetinvestments:CashheldbyInvestmentAdviserspendingre-investment	12,936	18,124
	TotalvalueofPortfolio(includingcurrentassetinvestments)	5,067,941	5,441,234

Holding		2023	2022
		£
74,966	LFRufferInvestmentFundsTotalReturns	278,678
4,823	AmundiPhysicalMetalsF		284,123
331,478	ThesisUnitTrustManagementTMRed|345,732
21,350	CQGGlobalUCITSICAVGQGPartnersUSEquity	253,638

13	FreeholdInvestmentProperty	2023	2022
		£	£
	7GrantDriveMaidstone	280,000	280,000
	Flat1Queen'sHeads HouseCharing	190,000	190,000
		470,000	470,000

14Debtors	2023	2022
	£	£
Taxrepayable	2,717	883
Otherdebtors ,	1,552	3,063
Prepaymentsandaccruedincome	5,892	10,193
	10,161	14,139
15Creditors:amountsfallingduewithinoneyear	2023	2022
	£	£
Tradecreditors	25	5,154
Othercreditors	530	3,927
Accruals	20,985	20,135
Taxation	-	5,554
Deferredincome	884	814
	22,424	35,584
Deferredincomeconsistsofrentreceivedinadvancerelatingtothefollowingaccountingyear,
	2023	2022
	£	£
Balancebroughtforward	814	814
Amountrecognisedinyear	(814)	(814)
Amountdeferedinyear	884	814
Balancecarriedforward	884	814

16	Funds
	StatementofFunds-CurrentYear
		Balance					/		Balance
		at				Gains/			at
		01.04.22		Income	Expenditure	(losses)		Transfers	31.03.23
		£		£	£	£		£	£
	Unrestrictedfunds	226,135		69,294	(270,398)	-		158,506	183,537
	RestrictedFund
	BettshangerFund		-	4,963	-	-		-	4,963
	SwanscombeFund	170		-	-	-		-	170
	DesignatedFunds
	ArthurIvorReadLegacy	5,241,211		126,997	(19,691)	(281,869)		124,563	5,191,211
	Fairvaluereserve	723,043						(281,869)	441,174
	Revaluationreserve	2,600			-			(1,200)	1,400
		6,193,159		201,254	(290,089)	(281,869)		-	5,822,455

		Balance	Balance					Balance
			at			Gains/		at
		0104	21	Income	Expenditure	(losses)	Transfers	310322
			£	£	£	£	£	£
	Unrestrictedfunds	293,110		57,991	(280,403)	-	155,437	226,135
	RestrictedFund
	TurndenFund		929	6,555	(8,377)	-	893	-
	Swanscombe			170	-		-	170
	DesignatedFunds
	ArthurlvorReadLegacy	5,291,211		124,978	(19,848)	232,176	(387,306)	5,241,211
	Fairvaluereserve	490,867		-	-	-	232,176	723,043
	Revaluationreserve	3,800		-	-	-	(1,200)	2,600
		6,079,917		189,694	(308,628)	232,176	-	6,193,159
18	Analysisofnetassetsbetween				Unrestricted	Restricted	Designated	Total
	funds-CurrentYear				funds	fund	funds	2023
					£	£	£	£
	Tangiblefixedassets				4,793	-	206,400	211,193
	Investmentassets				110,556	-	5,414,449	5,525,005
	Currentassets				90,612	5;133	12,936	108,681
	Creditors:amountsfallingduewithin	oneyear			(22,424)	-	-	(22,424)
					183,537	5,133	5,633,785	5,822,455

19	Analysisofnetassetsbetween	Unrestricted	Restricted	Designated	Total
	funds-PriorYear	funds	Funds	funds	2022
		£	£	£	£
	Tangiblefixedassets	6,716	-	207,600	214,316
	Investmentassets	151,980	-	5,741,130	5,893,110
	Currentassets	103,023	170	18,124	121,317
	Creditors:amountsfallingduewithinoneyear	(35,584)	-	-	(35,584)
		226,135	170	5,966,854	6,193,159

Reconciliationofnetexpendituretonetcashflowfrom
operatingactivities		2023	2022
		£	£
Netincomefortheyear		(370,704)	113,242
Adjustmentsfor:
Depreciationcharges		4,870	4,014
(Gains)onInvestments		281,869	(232,176)
Dividends,interestandrentsfrominvestments		(127,495)	(125,023)
(Increase)/Decreaseinstock		445	(615)
Decrease/(Increase)indebtors		3,978	(166)
(Decrease)Increaseincreditors		(13,160)	2,050
		(220,197)	(238,674)
Analysisofchangesinnetdebt
	310322	Cashflows	310323
	£	£	£
Cashatbankandinhand	86,511	(3,025)	83,486
Debt
	86,511	(3,025)	83,486

24ComparativestatementofFinancialActivities(2022)	24ComparativestatementofFinancialActivities(2022)
	Unrestricted	Restricted	Designated	Total
	Fund	Funds	Funds	2022
	£	£	£	£
Incomefrom
DonationsandLegacies	54,496	6,678	-	61,174
Othertradingactivities	3,450	47	-	3,497
Insuranceclaim-wall	3,426	-	-	3,426
Investmentincome	45	-	124,978	125,023
TotalIncome	61,417	6,725	124,978	193,120
Expenditureon
Raisingfunds	3,038	23	18,648	21,709
Charitableactivities	280,791	8,354	1,200	290,345
TotalExpenditure	283,829	8,377	19,848	312,054
Net(Expenditure)Income	(222,412)	(1,652)	105,130	(118,934)
Netgainsoninvestments	2	-	232,176	232,176
Netincome/(expenditure)	(222,412)	(1,652)	337,306	113,242
Transfersbetweenfunds	155,437	893	(156,330)		-
Netmovementinfunds	(66,975)	(759)	180,976	113,242
Reconciliationoffunds
Totalfundsbroughtforward	293,110	929	5,785,878	6,079,917
Totalfundscarriedforward	226,135	170	5,966,854	6,193,159