2024-03-31-accounts

REGISTERED COMPANY NUMBER. 043623C6 (England and Wales) REGISTERED CHARITY NUMBER.. 1102399 ort of Ihe Trustees and Unaudited Financial Statements for the Year Ended 30 March 2024 for FortAmh McLean ReKI Chartered Accountants 1 Forystal Road Ay￿$ford Kent ME20 7AU

Fort Amherst Heritage Trust

Contents of the Financial Statements
for the Year Ended 30 March 2024
		Page
Report of the Trustees	1	1 to4
Independent Examiner's Report		5
Statement of Financial Activities		6
Balance Sheet	7	7 to 8
Notes to the Financial Statements	9	9 to 16

Fort Amher Herita 8Tr f the Trustee arch 2024 forthey The trustees who are also directors of the charity for thè purposes of the Companies Act 2(X16, present their report wth the financial statements of the dlarity the year eThJed 30 March 2024. The trustees have adopted the provisions of Ar£ounting and Reporting by Chantias.. Statement of Recommended Prath'ce applicable to charitEs preparing their accounts in ar￿Ordan￿ with the Finanaal R8POrting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019). OBJECTIVES AND ACTIMTIES Objectives and aims The objects of the charity are.. 1. Acquiring, restoring, maintaining, safeguarding, and preserving the historical fcAlifications known as Fort Amherst and associated fortifications in the borough of Medway in the County of Kent. 2. To rASlecL care, conserve and display as appropriate, objects and dO￿Jments relevant to the history of Fort Amherst, tvs assoeiated fO￿ficatIOnS and setting. 3. Making the same available for researth and for educational and re(xeational viewing and use by the public. 4. Prowd8 tenefit to Ihe soualty disthani4ed through trainiro, education and wot1( experien￿ associabj with the above objects P•3e 1

Fort Amher t Herita 8Tr st ort of the Trustees he Year End for ACHIEVEMENT AND PERFORMANCE Charitable activities For any charty, i( is imp8rative that finanual stabilty is achieved. l am pleased to say that the Fort Amherst Heritage Trust reached the end of FY 202312024 in a financially Stsb￿ position thanks to the ongoing efforts of the Trust Secretsry and our accountancy team. The various invesknent ￿ndS in thich the Trust invests continued to delwer satisfactory results. This finan¢Jal stsbility continues to give the Trust the confidence to take projects fO￿ard both at Fort Amhétst and at the Lower Line5 Park AKA The Admirals Gardens. These indude cyclic maintsnani% of the built assets, forward development of the visitor experienr£, and inv8sbnent in existing and new ev8nts. In my previous report for FY 202212023. 1 referred to the prematur8 departu￿ of the Operations Manager. For a pericJ, th8 day to day management of Fort Amherst reverted to a small team of Ttustees, while efforts were made to adveitise and intémew candidates for position. It was very pleasing to r￿1Ve a good standard of applicatiorts. with one Stand-out one being sele(Aed The new Operats'ons Manager took up her post on August 1st 2023, and certainty hit the ground running with P￿nty of hleas and innovations that have proven benefiual to the Fort Amher3t operations. Events at Fort Amherst have C￿ntifiUed to be well re￿ived. Easter 2023 saw the return of the Fort Amherst Fantasy Festival with a very welcome contribution to the revenue account. Later in the y8ar the Summer Proms retumed for another season. These conc8rts continuèj lo attract large aUd￿n￿$ wer8 oncé again delivered wth the generous financial support of Methay Council. Halloween 2023 was successfully deliv8red with a positve finanaal retu￿ to the TNst. The Napoleonic A$S￿latIon made a welcome retum to Fort Amherst with a major garrison weekend event This everrt is already scheduled in to the 2025 events prcwjramme. Film and photC>3raphiG location work continues to be a lucrab've source of income. Two projects m use of Fort Amherst during 2023. The larpst was a BBC TV production whith made extensive use of the site. This was followed up by a slightly smaller production for Apple TV. Non-disdosure Agreements prevent me naming the productions here. AEI I can say is vKgwers should keep their eyes open for familiar Fort Amherst backdrops in an acclaimed W2 drama aTrJ for a Bake Off star! It Was during 2023 that a previously filmèj production hit the screens in the fomi of The Wtcher ser￿5 3. Our efforts to offer an atmosphènc, versatile and easy to use site continues to attr8Ct interest from the film industy In 2023 we wel￿med our second Park Ranger. This appointment introduced an ev8n greater degr88 of flexbility in the day to day operations of the fort. Working alongside our enthusiastic volunteer teams, the Rangers have made a great contnbution to the overall condition of the site. Sadly the ￿v0 Ranger team was cut short by the departure of our original Ranger for pastur￿ new. However he was quid<ly replaced by one of our valued volunteers who stepped up to the task. Once again the assorted Volunteér tèams played an invaluable role in a numbèr of a¢bMtses right through the year. These ranged from acting as tunnel guides, grass cutting, painting. gardening, halloween, musèum displays, archives. offirA support, and workshops. Wthout our volunleers Fort Amherst woukl certainly te a very mud) rmjorer pla￿. Pid(ing up on the wort of our volunteers. Pa￿cUlar ments'on must te made of the Museum, Colleclions and ArchNes Team. This group has been beavering away towards the Arts Council Ac¢redited Museum status. As we approached the end of FY2024 all hopes were high that in the ensuing year this aC￿edI￿tiOn would be achEved. Thvts will be a great accolade for the Fort Amherst Heritage Trust and that will open w a W￿er range of grants and other support. May of 2023 gave us another royal highlight wth the Coronation of HM King Charfes 111. Fort Amhe￿ continued the surrected tradrtion of finng celebratory S8lut8S Ylith one fired to mark this auspirious occasion. Through 2023 and into 2024, the efforts to secure additional areas of the Chatham Lines defenc8s continugj with Cvlgoing discussions with the Ministry of Defen￿ As we proceèded through 2024 the indicats'ons were tt)at these efforts might be dose to bearing fruit dunng FY 202412025. The Trust also placed on racord with the MOD a long-term inlenl to secure additional areas of the defence e5tste hxated befyveen Spur Battery and the Sally Port. As I dosed my FY 2022r2023 report I me referen￿ to our ambition to transfom the tunnels into an 'industy standard tourist destr"nation'. INort( towards this goal has continued wrth much research and refinement. As we progressed towards the end of the fiscal year, proposals various displays and a¢b'wtres We￿ starting to gel with the hope of some of them b8ing in pla￿ by Easter 2025. l end Ihis report as I started with referenc6 to finanaal security. Imth Ihat seojnty comes confidenc8. The COnffiden￿ to ty new things, aThJ Confiden￿ in our ability to deliver. The FY 202412025 promises to te a pivotal peric<l for the Trust as rt looks foTh¥ard to rts 45th year of operakn'ons it will oversee new events, enhanced lunnel displays. Arts Council MuseL Accreditsb'on, additional land holdings, and morel I should like to tske this opportunity of thanking èveryone who has h&J an input to this remarkable journoy, and to those wth us now who are ￿ntrnu1ng that joumey. Page 2

Herita eTrus of the Truste for the Year Ended 30 March 2024 FINANCIAL REVIEW Res8rv8s policy Fort Amherst Herilage Trust need5 reserves for a number of rèasTh)s'. 1. To meet contractual liats'litias should the organisation have to dose. This indudes redurKlancy pay. amounts due to redrtors and other financial commitrments. 2. To meet unexpecled msts such as break down of èssantial machinery. staff cover re Ill￿sS, maternty leave, parental 18ave, and legal ojsts defending the charty's interest 3. To ¢pIar￿ 8quipment as it wears out. 4. To ensure that the charity Can conb'nue to prowde a stable. fri8ndty and safe tourist attraction anol venue lor events run by tho charity. 5. To minimise recruitment, staff training, staff induction ar￿ marketing costs by avoiding the need for redundanc caus&Y by a financial uisis. 6. To provide ￿￿rknng capital when frjnding is paid in arrears. The chanty is often in a postb'on where it bids for fvnding whic* may te paid up lo 12 months in arrear5. 7. From time to time funding has certain restrictior￿ whith mean5 thal by law rt must held as restricted reserves untsl is spent in line with the fijnding agreement. 8. Frcrfn time to kn'me funding is deS￿nat￿l by the tnjstees for sp8afic proje¢ts whiGh are Ihen contracted for. These contracts have to be serwced. Fort Amherst Heritage Trust funding. The charity is currentty funded by three wholty owned subsidiaries who gift aid their proffts up to the charity. Th8 great majority of this fiJndirKJ has teen prwded by the general public when visi(ing the tharity's premises and facilities. Other smaller restricted fvnding is provKled for SFecifiG renovation projects undertaken by thè chanty. The tharity also Seeks Lottery Grant ftjnds for larger renovatron projects. It does lake time howéver to secure such funds or similar from initial research, thrcAJgh the applicats'on prO￿$S to actually receiving the fi￿t,Cheque'. A prudent level of reserves The tharity aims to have rese￿eS to COV8r six months of noThal expenditure. The trustees of the charity have conduded that the budgeted average monthty cost of the chanty is £20,CQO. As a result, the chanty would need £120.C#X) in its reserves lo Ix)ver six months of ￿￿ts. In addition to this. the chartty has allocated some of its reserves to sFe¢ific projects around the Fort these would have to be seNic8J contradually during this six month period. Generally these total 4woximately £50,000 at any one time Furthemiore, were the charity to dose, the organisation would inwr a number of incidental costs induding wiThYing up costs, particAJlarly staff redundancies. The trustees have estimated this to ￿ likèly in the region of £5,OC(I. The tnjstees ther8for8 beli8ve that the total prudent lev81 of reserves would be in in the region of £175,000. Establishing and maintaining a prudent lèvel of reserves. In the event of reserves dipping below the tsrget, th8 chanty will aim to restore the stiwlat&J level of reseN8s over the next four years. This could be achieved by increased ftjnd raising or redurAng expenditure. If reserves exceed 100Yo of the prudent level of reserves, the Chanty will considèr the likety expenditure over the next years ￿th a view of bringirvJ foTrvard more capital pmjects and renovation work. Monitoring and reviewing of reserves policy. The trustees V￿11 consKler cutTent level of aver8ge costs, intsmal specific projects reserves and costs of dosure each year to examine the kvel of reserves when seth'ng the forthcoming yearfs budget. This reserves policy will be reviewed every four yea￿. Page 3

te 24 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is o)ntrolled by its govemiffj (kKument, a deed of trust and constitirtes a limited company, l¥nited by guarantee, as dethed by the CNnpanies Act 2iJA. Organisation81 structure A bo8￿ of direcaots, who meet at fyvo rnonthty intervals, administers the charity. The￿ are no committees ￿￿th delegated power5. Indudion and training of new trustees New directors receivg appropriate trauling as required. Related parties Fort Amhefst Limited. Fort Amh8rst Events & Wkddi￿s ￿rnIted and Fort Amherst Halloween Limited are 011 trading subsidiaries of Fort Amherst Heritage Trust. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04362306 {EnglarKJ and Wales) Registered Charity number 1102399 Registered office Fort Amh8rst Dock Road Cttatham Kent ME44UB Trustees Mr E E Gufvin Prison Officer Mr G C Robinson Carpet Fstter Mr D Moomian Director Mr W J FovAer Events Consutsnt Mr K A Rogers Solicitor Mrs L J Morgan Retl￿d Ledurerlsenior Manggr Mr N Clarke Retail sto￿ Manager Mr S R Bean Town Planner Mt5 N J Moy Project Manager Independent Examiner John Charwion McLean ReKI Chartered Accountants 1 Forstal Road Aylesford Kent ME20 7AU This report has been prepared In a￿OrdanCe with the Special prmions of Part 15 of the CLYnpanles Act 2(M)6 relating to small companies. Approved by order of the board oftrustees on 4 October 2024 and signed on its tehalf by: MIWPowt• IO¢1 1.20?4 10..40GAIT+ll Mr W J Fowler- Tnjstee Page 4

en th rus Independent examin8rfs report to the trustees of Fort Arnherst Heritag8 Trust ('the Company,) I report to the charity trustees on my examination of the accounts ofthe Company for the year ended 30 Marth 2024. Responsibilitles and basis of report As thè charity's trustees of the Company (arHI also ts directors for the purposes of company law) you are responsi)le for the preparation of the accounts in a(tordance with the rwuirwnents oftha Companies Act 2006 Cth8 20C6 Acr). Hawng satisfied myself that the a¢xounts of Company arè not required to ￿ audited under Part 16 of the 2006 Act and a￿ el￿31￿6 for indeFendent ex8minalion, I report in respect of my examInalK￿ of your chaiitls accounts as carried out under SectKin 145 of the Charities Act 2011 ('th8 2011 ACVI. In carrying out my examination I have follthved th8 Directions given by the Charity Commission under Section 145(5) (b) ofthe 2011 Act. Independent examiner's statement SirKe your charivs gr05s income exceeded £250,1)JO your examiner must be a member of a listed body. l ¢onfimi that l am qualtfied to undert8ke the examination because l am a member of Iha Instituts of Chartered Acojuntants in England and Wales, which is one of the listed bodies. I have completed my examination. I confimi that no matter5 have come to my attention in connection with the examinats'on giving me cause to believe: awjunting records were not kept in respect of the Company as required by Sedon 386 of thè 2006 Att. or the accounts do not aCc￿d with those records,. or the accounts do not comply with the accounting requirements of Sedon 395 of ￿ 2006 Act otrEr than any requirement that the accounts give a tNe and fair view which is not a matter considered as part of an independent examination. or the accounts have not boen prepared in accordance wth th8 methods and principles of the Statsment of Recommended Pradice for accounting and repoiting by charities (applicable to charitses preparing their accounts in acLX)rdance with the Financial Reportwig Standafd applicable in thè UK and Republic of IrdarKI (FRS 102)). I have no concerns and have come across no other matt8rs in ￿nneCtion ¥￿th Ihe examination to which attention should drawn in Ihis r8POrt in order to enable a proper understsnding of the accounts to te reached. John Champion McLean Reid Chart6r8d Accountsnts 1 Forstal Road Aylasford Kent ME20 7AU 7 Octctsr 21Y24 Page 5

Fort Amherst Herita eTru Stat ment of Financial Activities for he Year End&Y 30 March 2024 2024 Total funds 2023 Total fuThJs Unrestricted fund Restn'cted fund Endowrnent fund Notes INCOME AND ENDOIMIENTS FROM Donations and legaues 84,067 26,822 110,889 91,683 Other trading activthes Investment inGome 79,899 79.899 66.720 39.111 83,073 66.339 Total 164.347 26,822 66,339 257,508 213,867 EXPENDITURE ON Charilable activities Presetving and Maintaining Fort Amherst 167,081 26.822 193,￿3 166.970 Other 63,922 63,922 74,825 Total 231,C(t3 26,822 257,825 241.795 Net gainsl(lossesl on investrn6nts 223,859 223,859 {109,167) NET INCOMEI{EXPENDITUREI Transfers between funds Other recognised gainslllossesl Gains cin revaluation of fixed assets {66,6561 66,656 2￿,198 168,656) 223,542 {137,0951 14 112,386 112,386 231,039 Net movement in funds 112,386 223,542 335,928 RECONCILIATION OF FUNDS Totsl funds brought fo￿ard 21,097 2,603.385 2,552,067 5,176,549 5,082,605 TOTAL FUNDS CARRIED FORWARD 21.097 2,715,771 2,775.609 5,512.477 5,176,549 The notes fomi part ofthese financial statements Page 6

Fort Amherst H8rit Trust Balance Sh&.et 2024 Totsl fvjnds 2023 Total fvnds Unrestricted nd Restrided fund Endovanent fund Notes FIXED ASSETS Taryjible assets Heritage assets Investsments 25,030 8,931 2,711,401 33.961 2,756,401 2.670,411 29,076 2,644.015 2,446,552 45,000 2,670,210 10 201 25,231 2.720.332 2,715,210 5.460,773 5,119,643 CURRENT ASSETS Debtors Cash at bank and in hand 11 45,893 (17,781) 16,887 43,512 62,780 73,434 61,175 57.101 47,703 28,112 47,703 60,399 136,214 118,276 CREDITORS Amounts falling due wthin one year 12 132.2461 147,019) {79.265) 157,971) NET CURRENT ASSETS 14,1341 60.399 56,949 60.305 TOTAL ASSETS LESS CURRENT LIABILITIES 21,097 2,721.016 2,775,609 5.517,722 5.179,948 CREDITORS Amounts falling due after more than ork yaar 13 {5,245) (5,2451 (3,3991 NET ASSETS 21,097 2,715,771 2,775,809 5,512,477 5,176,549 FUNDS Unréstricted funds Restricted funds Endomnent fvnds 14 21.097 2,715.771 2,775,609 21,097 2,603,385 2.552,067 TOTAL FUNDS 5,512,477 5.176,549 The charitable company is entitled to 8xempts.on frG¥n audit under Section 477 of the Companies Act 2Cth for the year ended 30 March 2024. Thé members have not required the company to obtain an audit of its finanoal statements for the year end￿j 30 March 2024 in accordan￿ with Seth'on 476 ofthe Companies Act 2¢JO6. The trustees a￿(no￿edge tsir responsibilities for {a) ensuring that the charitable i))mpany keeps accounts'ng records that Comply with S8dions 386 and 387 of the Companie5 Act 2006 and preparing financjal stat8merts whith give a true and frdir wew of th8 State of affair5 of thè charitable compary as at the end of each financial year and of its surplus or deficit for eath finan￿al year in a(￿rdance with th8 requirements of Se¢Xions 394 and 395 and which otherwise comply wth the requirements ol the Companies A(* 201% relating to finanaal statements. so far as applicable to the charitsble company. {b} The notes fom part of t￿ fin8naal statements Page 7 contrnued...

rita alan ntin arch 2 Th8se financial statements have been prepared in a¢￿rdance with the provisions applicable to charitable ccmpanies subjec* to th8 small companies regime. The financial ststements We￿ approved by the Board of Trusiees and authorised for issue on 4 October 2024 were signed on its behalf by.. LLWL Mr D Moonnan - Trustee The notes fom) part ofthase finanoal slatements Pa98 8

Fort Amherst H rita 8Tr Notes to the Fin ncial Stat for the Y r Ended ents ACCOUNTING POLICIES Basis of preparing the financial statements No material uncertainties that may cast sKJnificant doubt about the abilty of the thanty to continue as a going ncem have been identified by the trustees. Income All income is reccgnised in the Statement of Financial Activities once the charity has entrfemerrt to the funds. it is probable thal the income will be received and thè amount can be measured reliably. Expenditure Liabilities are recognised as expendrture as soon as there is a legal or constructive obligation commrtting the tharity to thal exFenditur8, it is prdjable that a transfer of eGonomic benefits will be required in settlernent and the amount of the obligation can measured reliably. Expenditure is accounted for on an accruals basis and has dassified under headings that aggregate am cost relatsd to the category. ￿ere costs cannot be directly attributed to parbcular headings they have been allocated to activitie5 on a basis consistent with the use of resources. Tangible fixed assets Depreciation is promded at the following annual rates in order to write off each asset over its estimated us8fv1 life. Plant and macPM'n8ry 20% on cost Heritage assets The Heritsge assels are indud&d at insuranrA9 valuation, ot￿r than the land donated by L¢)wer Lines Park ￿1th has been revalued by the Irustses at £45,Q)o. Taxation The charity is exempt from corporation tsx on its tharitabb activities. Fund a¢¢ounling Unrestrict&d funds Unrestricbj fuThJs can be used in accordan￿ with the charitable objeth'ves at the diserets'on of the trustees. Restricted fijnds can onty b@ used for particular restricied purp¢Jses within the oty'ects of the charity. Restrictions arise when speafied by thé donor or when funds arè raised for partscular restricted purposes. Endowment funds Thè charity has an expendabb endowment fund re￿Ived from Lower Lines Park (originally dc￿ated by Mid Kent College}. ￿Tr11st capftal gains and losses are added to the endowment fiJTrJ, the income is S￿nt on the general tharitable objects of Ihe charty. The capital of the fund can be spent if the trustees so det6miine. Hire purchase and leasing comm itments Rentals paid under operating leases are charged to the Stalement of Finanaal ActNitK85 on s straight line basis over the period of the lease. Pension costs and other post-retirément ben8fits The ¢haril*)le company operates a defined txnlribution pension Scheme. ContrtMJtion5 payable to thè charitable companls pension scheme are tharged to the Statement of Financial Act1wt￿S in the pgriod to whith they relate. Investment assets Investments held as fixed assets arè revalu8J using the market value at th8 datè of the Finanaal Stslements as provided by the fijnd managers. The gain or loss ansing in the year is taken to the statement of financial activities. Page 9 continued...

Fort Amherst H rita Notes to the Financial Sta ments- ontin for the Y ar End 30 Mar h 2024 OTHER TRADING ACTIMTIES 2024 2023 Hiring Paranormal 79.899 36,511 2,6CIJ 79.893 39.111 INVESTMENT INCOME 2024 2023 Other fixed asset invest- Fll Deposit account interest 66,339 381 82,939 66,720 83.073 NET INCOMEIIEXPENDITUREI Net inccme1{ex￿ndrtUre) is stated after chargirKJl{crediting)'. 2024 2023 ALvJilors' remuneration Legal fees D@preciation- owned assets Hire of plant and rnachinery Surplus on disposal of fixed assets 4,2 620 11,100 2,710 (2,2501 15,098 458 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, r8muneration or other beneffts for Ihe year ended 30 March 2024 nor for the year ended 30 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 30 March 2024 nor for the year 8nd&l 30 March 2023. STAFF COSTS The average monthly numbèr of employees during the year was as follows.. 2024 2023 General administrats'on No employees received emoluments In eX￿sS of £60,000. COMPARATIVES FOR THE STA TEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fijnd fvnd Endowment fvnd Total fijnds INCOME AND ENDOWMENTS FROM Donations and *aaes 73,878 17,805 91,683 Other trading activrties Inveslmenl income 39.111 134 39,111 83,073 82,939 Total 113,123 17.805 82.939 213,867 EXPENDITURE ON Charitable activities Preserwng and maintainiThJ Fort Amherst 146,867 20,103 1&8,970 Pa￿ 10 ontinued...

Fort Am hersl Herila eTru ot8s Io he Financial Stat for the Ye r Ende ents-c March 2 ntinue COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted RestnGled fvnd fijnd EndoTr•vment fijnd Total fiJnds Other 74,825 74,825 Total 221,692 20,103 241,795 Net gainsl{losses) on investrnents (1fr3,167) 1109.167) NET INCOMEI(EXPENDITURE} Other rècognis&l gainslllosses) Gains on revaluation of fixed assets {108.5691 {2.2981 (26.2281 1137,0951 231,039 231,039 Net movement in funds {108,5691 228,741 {26,228) 93,944 RECONCILIATION OF FUNDS Total funds brought foThvard 129,e66 2,374.644 2,578,295 5,082,605 TOTAL FUNDS CARRIED FORWARD 21,097 2,603,385 2,552,067 5,176,549 TANGIBLE FIXED ASSETS Plant and machinery COST At 31 March 2023 Additior 104,724 19.983 At 30 March 2024 124,707 DEPRECIATION At 31 March 2023 Charge for year 75,648 15,098 At 30 March 2024 90,746 NET BOOK VALUE At 30 March 2024 33.961 AI 30 Marth 2023 29.076 HERITAGE ASSETS Total MARKET VALUE At 31 Marth 2023 Revaluations 2,644,015 112,386 At 30 March 2024 2,7%.401 NET BOOK VALUE AI 30 March 2024 2,756,401 At30 Marth 2023 2,644,015 The heritage assets held by the chanty are the buildings and histofical weaponry constructed on and displayed within the area known as Fort Amhetst, vthich is a fort originally constructed during Napoleonic times in preparation for a possible invasion. Fort Amhotst was also used as a clvil dèfence cfjntre in t()th wodd wars. Page11 continued,..

Fort Amh8rst H rita e Trust Notes to the Financi for the Year En I Statements - c ntinu8d 24 HERITAGE ASSETS- continued The Fort and the l)uiklings are in a near constant state of restoration wth the grounds and buiklings open to tre public. The h8ritage assets are carried on th8 balance sheel at insuranc8 re-inststement valuation. 10. FIXED ASSET INVESTMENTS Shares in group undertakings Listed investments Totsls MARKET VALUE At 31 March 2023 Revaluatsons 2,555.518 114,692 2.555,719 114,692 At 30 March 2024 201 2,670.210 2,670.411 PROVISIONS At 31 March 2023 Reversal of impaiThent5 109.167 1109,167) 109,167 1109,1671 At 30 Marth 2024 NET BOOK VALUE At 30 March 2024 201 2,670,210 2,670,411 At 30 March 2023 201 2,446,351 2,446,552 There were no investrnent assets oUts￿e the UK. Cost or valuation at 30 March 2024 is represented by.. Shares in Listed investments undertakings Totals Valuation in 2024 Cosl 229,774 2.440.436 229,774 2,440.637 201 201 2,670.210 2,670.411 Thè company's investsnents at the balance sheet dats in the share rApital of coMpan￿S indude the following.. Fort Amherst Limited Registered offir£: Fort Amherst, Dock RO￿1, Chatham, Kent ME4 4UB Nature of business.. Trading activities at Fort Amherst srte. Class of share.. Ordinary holding 100 31.3.24 31.3.23 Agjregate capital and reserves 280 Page 12 continuej.,,

Fo Amhers rust Notes to the Finan ial Statem nts - contin the Year Ended 30 M rch 2024 10. FIXED ASSET INVESTMENTS- continued Fort Amherst Events & Weddings Limited Regi￿ered Offi￿.. Fort Amherst, Dock Road, Chatham, Kent ME4 4UB Nature of business: Trading activities at Fort Amherst sits. Class of share.. Ordinary holding 100 31.3,24 31.3.23 Aggregate capital and reseNes Loss lor th8 year 121) (21) Fort Amherst Halloween Limited Registered Offi￿.. Fort Amherst, Dock Road, Chatham. Kent ME4 4UB Nature of business.. Trading actiwties at Fort Amherst srte, Class of share.. Ordinary holding 100 31.3.24 31.3.23 Aggregate capital and reseNes (Lossyprofit for thè year 20,981 (2,084) 23,065 22,965 11. DEBTORS. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trad8 debtor5 Amounts ¢)wed by group undertakings Accrued income Prepayments 15,599 23,223 16,887 7.071 7,142 31,266 16,744 6,023 62.780 61,175 12. CREDITORS.. AMOUNTS FALLING DUE WTHIN ONE YEAR 2024 2023 Trade creditors Social secunty and other taxes Other credrtors Deferred income Accrued expenses Deferred grants 14,562 613 192 15,370 1,068 294 2,100 11,207 27,932 14,079 48,319 79,265 57,971 Page 13 continued...

rsl Heri e Trust Not to the Financi I Statem nts continu8d for the Year Ended 30 March 2 24 13. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Deferred grants 5,245 3,399 14_ MOVEMENT IN FUNDS Net movement in fijnds Transfers be￿een nds At 31.3.23 At 30.3.24 Unrestricted funds General fvnd 21,097 {66,6561 66,656 21,097 Restricted funds Restncted 2,803,385 112.386 2,715.771 Endowment funds Mid Kent College 2,552,067 290,198 {66.6561 2,775,609 TOTAL FUNDS 5,176,549 335,928 5,512,477 Net movement in ￿r¥jS, included in the above are as follows.. Incoming resour Rèsources expended Gains and losses Movement in fvnds Unrestricted funds General fund 164,347 1231,003) 166,656) Restricted funds Restricted 26,822 126,8221 112,386 112,386 Endowment funds Mid Kent Colle 66,339 223.859 290,198 TOTAL FUNDS 257,508 {257,825) 336,245 335,928 Comparatives for movement in funds Net movement in fiJrvJs At 31.3.22 At 30.3.23 Unrestricted funds General fund 129,ffi6 (108,569} 21,097 Restricted funds Restricted 2,374.644 228,741 2,603,385 Endowment funds Mid Kent Co1￿98 2,578.295 (26,2281 2,552,C67 TOTAL FUNDS 5,082.605 93,944 5.176,549 Pag8 14 continued...

herst Heri e Trust Notes to the Financial the Year En ents - ntin 30 March 2024 14. MOVEMENT IN FUNDS- continued Comparatrve net movement in funds, induded in the above arè as follows.. In￿mIng resour￿$ Resources expeTrJed Gains and Ioss8S Movement in ftjnds Unrestricted funds General ftjnd 113,123 (221.6921 1108,569) Rèstricted funds Restricted 17,805 (20.103) 231.039 228,741 Endowment funds Mid Kent College 82,939 {109,167} {26,2281 TOTAL FUNDS 213,867 (241.795) 121,872 93,944 A L7Jffent year 12 months and prior year 12 months combined position is as follows: Net movement in Transfers behveen funds At 31.3.22 At 30.3.24 Unrestricted funds General fund 129.666 1175.2251 86,656 21,097 Rèstricted funds Resknct8d 2.374,644 341,127 2,715,771 Endowment funds Mid Kent College 2,578,295 263,970 {66.6561 2,775,609 TOTAL FUNDS 5,082,605 429,872 5,512,477 A current year 12 m¢Jnths and prior year 12 months rAmbined net movement in funds, induded in the alxjve are as follows.. Incoming resources Resouros expended Gains and losses Movement in funds Unrestricted funds General fund 277.470 {452,6951 {175,225} Restricted funds R8str(¢ted 44,627 (46,9251 343,425 341,127 Endowment funds Mid Kent Col*e 149,278 114,692 263,970 TOTAL FUNDS 471,375 (499,620) 458,117 429,872 The restricted funds indLxle th8 market value of the heritage assets, totalllrKJ £2,711,401 (2023: £2,599,015}. The remaining balance of restricted frJnd5 of £4,370 12023.. £4,370) is considered to be immaterial to be shown separately in these a￿￿￿nts but the d)arity's acKounts'ng re¢￿dS identify the trartsactions and balan￿ he￿j for each fund. Tre general is available for use in atsordance with the charitable obiecbves at the discretion of Ihe trustees. Psge 15 continued...

Fort Amherst H e Trust Notes to the Fin ncial Statem for th Year End nts - continu8d 024 15. RELA TEO PARTY DISCLOSURES The charitable company has tsken 8dvantsge of exemptson, urNYer the lemis of Financial Reports'rKJ Standard 102 'The Finanu81 Reporting Stsndard applicable in the UK and Republic of Ireland., not to disdose related party transath'ons with wholly owned subsidiaries wthin Ihe group. There were no other related paty transaction5 for the year. Page 16