REGISTERED COMPANY NUMBER: 04362306 (England and Wal8s} REGISTERED CHARITY NUMBER.. 1102399 rt of the Trustees and Unaudi Financial Statem8nts f r the Year Ended 30 March 2 Fort Amherst Herita eTr McL8an Reid Chartergj Accountants 1 Forstal Ro&J Aylesford Kent ME20 7AU
herst Herita eTr Con e Flnancial Statem lor the Year En March 2025 Page R8port of the Trustees Independent Examlnerfs Report Statement of Financlal Activltlés Balance Sh8at 7 to 8 Note$ to the Financial Statements 9 to 15
Fort Amher e Trust 1st mber: 04362306 Re ort ofthe Tr for thè Year En O March 2025 The trustees who are also directors of the charty for the purposes of the Companies Act 2006, presént thelr report the financial statements of the charity for the year énded 30 March 2025. The truste6s have adopted the provlsions of Accounting and Reporting by Charities.. Statement of Recommended practi applicable to charities preparing their accounts in 8ccordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The objects ofthe charity are: 1. Acquiring, restoring, maintaining, safeguarding, and presejvtng thé historica] frjrtifications known as Fort Amherst and associated fortifications in the borough of Medway in the County of Kent. 2. To collecL care, conseNe and display as appropriate, objects and documents relevant to the history of Fort Amherst, IVS associated fortificalions and setting. 3. Making the sam8 available for research and for educational and recreational vrewirvJ and use by the public. 4. Provide benefft to the socially disadvantaged through training, educatlon and work experien associated the above objects. Page 1
herst Herita eTr ist8red num 362306 Re forthe Y ort ofth T stees d 30 March 202 ACHIEVEMENT AND PERFORMANCE Charitable activities As with FY 2023-2024, 1 am pl8ased to say that the Fort Amhérst Heritsge Trust has come to the end of FY 2024-2025 maintaining a sound financAal base on which to tske fOard its daily operations and plans for th8 future. The Trusfs investment fijnds continue to deliver positlvèly despite fluctualions in the finanrial markets. Once agaln. the efforts of the Trust Secretary and ts accountancy team ar8 deserving of praise for th6 attention they give to our finandal affairs. The newly appointsd (Aug 20231 General Manager has continued to make a positive impac* on the TrusV8 operations. Many new activities have been inlrcKluced Ihat have attracted a wider cross-section of visitors to the ForL For the 2024 season paid Tunnel Guides were introduced. This enabled us to offer scheduled tunnel tours seven-days a week. Although this entailed an extra expense, thé décision h8s been justified by th8 additional income generated. The Introduction of paid guides was another step in our ambition to èstablish the tunnels as a recogniséd mainstream tourist destination. Dudng the Wnter 2024 and Sprlng of 2025 the project to Sntroduca enhanced displays into the tunnels took some major steps forward. The 2 Medway Group Control was refurbishèd, and a number of completely new dlsplays were Introduced at key locations, thus enllvenlng the visitor exFerienc@. Thls work continues wth the next stsp being the Installation of special sound effects. The speclal event programrne continues to make a huge contribution to the Trust. both financially and In establishing the fortres5 as a valued community asset. The third season of the Summer Prom8 Concerts was a success as was Ihe celebrated Hallowegn Horrors. 2024 also saw the return of the Napoleonlc Association to present a largesse military garrison event. One downside to our operatlon has been the axtended slrike in the American film industy whlch had a sizeable knock-on effect In the UK. Although there were some location enquldes, none of these led to productions wsittng Fort Amherst. Our Park Rangers Team continues to make a positlve impact in all aspects of the fortress activities. Wort<ing hand-in-hand with grounds conlr8Ctors and our volunteers they hav8 enabled us to present well maintained parkland at both Fort Amherst and at The Lower Lines Park. In my previous Annual Report, I made mention of the Museum, Archives and Collectlons Team toward8 achieving Accredited Museum Ststus from the Arts Council England. It is with undisguised pride that I can confimi that Ihis sought aft8r accolade has been achieved. This accreditatlon élevates the Tru81 to the upper ethelons of museum operations and importantty opéns up additional fvnding sources for future projects. As th8 saylng g088, 'Rome wasny built in a dal, and th1818 the case for t0 opportunities the Trust has been pursulng for some timè. One is the acquisllion of the Spur Batt8ry Ditches from the MOD, and the other is the transfer to Trust ownership of the Chateau Barracks Ordnance Stores Bullding from th8 barr8ck8 developers. Both of these wportuniti8S remain fimily in our sites. Although the Trust has been able to expand its pa for staff, il Is the volunteer teams that contlnue to underpin much of whal we do. Bè it as visitor guides. grass cutting, working In the erthives, delivering the annual Hallowéert Horrors spectacular, or giving addrtional supp)rt to the growing events programme, the valued Inpul of volunteers cannot be 8pprecl8ted hlghly enough. Their input underscores all th8t we asplre to. I cannot end this reFQrt without mentlon of a group of voluntsers who make 811 thlngs at Fort Amherst and the Lower Lines possible - my fellow Trustees. Each of them brings a certain skill or experien to the Trust. Wrthout thelr input I am sure we would not be in such a buoyant POSltion of Gonfidence as we take the Trust forward. Page 2
FortAmh ita e Trust red number: Re orthe Year End e Trustees arch 2025 FINANCIAL REVIEW Reserves policy Fort Amherst Heritage Trust needs r6s8Nas for a number of reasons.. 1. To meet contractual liabilities should the organisation have to dose. Th¢s indud8s redundancy pay, amounts due to creditors and 0th8r financiai commitsnents. 2. To méét UneXpd costs suth as break down of essential madilnery, staff cover re illness, matemity leave, parental léave. and legal costs d8fendlng th8 ch8riiVs interesL 3. To replacè equipment as it wears out, 4. To 8nsur8 that the charity ¢xn continue to promde a stable, frkndly and safe tourist attractlon and venue for events run by the charity. S. To minimrse recrullmert staff tralnlng, staff iTrJuctlon and markellng costs by avoldlng the need for redundancles Caused by a financial crfsis. 6. To provlda worklng Capital when funding Is pald In arrear8. The charity is often In a posltlon where It bids for fundlng which may be patd up to 12 months in arrears. 7. From Ime to tNne fundlng has certain restrictlons whlch means that by18w It must be held as re8tiicted reserves untll it 18 spent In line with th8 fvnding agreement. 8. From me to time fundlng is designated by the truste88 for 8P8dfic projects which are then contracted for. These contracts have to be 88Niced. Fort Amher8t Herltage Trust fundlng. The charity ts Gurrently funded by three wholty owned 8ubsidiarles who gift aid their profits up to the charlty. The great majority of this funding hag been provided by the g8n8ral public when visitiro the charity's pr8m18es and facilities. Other smaller restiicted fundlng b provided for renovation prl8cts undertaken by the tharfty. The charity also seeks Lottery Grant funds for larger renovation projects. It does tske time however to secure 8uch fvnds or similar from initial research, through thè 8ppIicgtion pro¢xgS to actually recelvlng thè ffirst'cheque,. A prudent level of r888rve8 The charity alms to have re8erve8 to cover 8ix months of nomal expenditur8. The trust88s of the charty h8ve conclud8d that thè budgeted average monthly cost of the charty is £20,000. As a result the charity would naéd £120,0 In its re8eNes to cover slx month8 of costs. In addition to this, the charfty ha8 allocated Some of its reserveg to specific projects around thè Fort these would have to be senil¢ed contractualty durfng thls month perfod. Generalty these lotal approxlmatsty £50,000 at any one time. Furthermore, were the charity to dosè, the organisation would Incur a number of incidental costs includlng vAndlng up ¢osts, particularly staff redundande5. The tTUStees have estimated thls to be likety in the region of £5,lJOO. The trusteos therefore believe that the totsl prudent le1 of reserves would be In In the gIOn of£175,LYJo. Establishlng and maintaining a prudent level of reserves. In the event of reserves dipping below the targe( the charfty vlll alm to restore the stiwlated level of r8S8rv8s over the next ftjur years. This could be achloved by increased fund raising or reduclng expenditure. If reserves exceed 100% of the prudent tevel of res8rv8s. the charity wi51 consider the Ilkety 8xp&ndiiure ¢)ver the next bNO years vAth a vtew ofbringing forward more capital proiects and renovation work. Monitoring and revlewlng of reserves policy. The trustses will conspjer current levei of average costs, intemal specific projects reserves and costs of closure each year to examine the level of reserves wh8n s8tting the foKthCCithJ years budget This reserv8s pjlicy will be reviewed every four years. Page 3
Amherst Herita R8 Ister er.. 04362306 f th8 Truste the Year Ended arch 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity k8 controlled by its goveming document, a deed of trust, and constitutes a limited company, limited by guarantèe, as defined by the Companies Act 2006. Organisational structure A board of dira¢tors, who meet at monthty intervals, administers the charity. There are no committees with delegated Induction and training of new trustees New directots reLYive appropriate training as required. R8lated parties Fort Amherst Limited. Fort Amherst Events & Weddings Llmited and Fort Amherst Halloween Limited are all trading subsldiaries of Fort Amherst Heritage Trust. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04362306 (Engtand and Wales) Registered Charity number 1102399 Regist6red office Fort Amherst Dod( Road Chatham Kent ME44UB Trustees Mr E E Gulvin Prison Offir Mr G C Robinson Carpet Fitter Mr D Moomian Director Mr W J Fowler Events Consultant Mr K A Rogers Solicitor Mrs L J Morgan Retired Lecturerlsenior Manger Mr N Clarke Rétsil Store Manager Mr S R Bean Town Planner Mrs N J Moy Project Manager Independent Examiner John Champion McLean Reid Chart8r8d Accountsnts 1 Forstal Road Aytesford Kent ME20 7AU This r8port has been prepatEd in accordanc* with the special prowsions of Part 15 of the Companies Act 2006 relating to small companies. Approved by ord8r of the board of trustees on 29 July 2025 and slgned on its behalf by.. Mr W J FovAer- Trustee Page 4
Ind en miner's Re Fort Amh erita th8 Trustees of 8 Trus Indepéndent examinér's report to the trustees of Fort Amherst Herltage Trust I'the Company,) I report to the charity tnJste&s on my examination of the a¢xounts ofthe Company for the y8ar ended 30 March 2025. Responsibilities and basis of report As the charitys trustees of the Company (and also its directors for the purposes of company law) you are responsible for th8 preparation of the accounts in accordance with thé requirements of thé Companies Act 20Ck8 2006 Acr). Having sallsfied myself that the accounts of the Company ar8 not required to be audit8d under Part 16 of the 20C6 Act and are eligible for independent examination, I report in resped of my examination of your charftys a¢Unts as carrled out under Section 145 of the Charitiés Act 2011 {Ihe 2011 ACY). In earying out my examlnation I have followéd the Directions given by th& Charity Commissts)n under Section 145(5) (b) ofthe 2011 Aet Independent examinerfs statement I have completéd my examination. I confimi that no matters have come to my attention In connection with the examination giving me cause to b81i8vé: accounting records were not kept in respect ofthe Company as required by Section 386 of the 2006 Art or the accounts do not accord with those records., or the accounts do not ¢omply with the accounting réquirements of Section 396 of Ihe 2006 Act other than any requirement that thé accounts give a twe and falr vfew which is not a matter considered as part of an indendent examination,. or th8 accounts have not been préparéd in accordan w7 the methods and prinriples of thé Statement of Recommended Practic£ for ac¢ountTng and reportlng by charities (applicable to charfttes preparing their accounts in accordan with the Finandal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no conc8rr6 arvj have rne across no other matters in connection wth th8 examination to which atténtion shoukl b8 drawn in fhts report in order to enable a proper understsnding of the accounts to be reached. ohn Champion McLean Reid Chartered Accountants 1 Forstal Road Ay18sford Kent ME20 7AU 30 July 2025 Page 5
mherst Heri e Trust Statem8nt f ancial A e Year Ended arch 2025 2025 Totsl funds 2024 Totsl funds Unrestricted fund Restricted fund Endowment fund Note8 INCOME AND ENDOVWENTS FROM Don8tions and legaci88 65,108 55,904 121,012 110,889 Other tr8dlng activities Inv8Stment Income 24,S89 754 24,589 70,228 79,899 66,720 69,474 Total 90,451 S5,4 69,474 215,829 257,508 EXPENDITURE ON Charitable activities Preserving and malntainlng Fort Amh&rst 145,198 57,104 43,824 246,124 193.903 Other 84,522 84,522 83,922 Total 229,718 57,104 43,824 330.646 257,825 Net gainsllloss88} on investments {104.070) (104,0701 223,859 NET INCOMEIIEXPENDITURE) Transfers between funds other recognis8d galnsl(losses) Galns on revaluation of fixed assets {139,267) (1,200) {1,200) 1,200 (78,420) (218,8871 223,542 14 79,198 79,198 112,386 Net movement in funds {140,467} 79,198 (78,4201 (139,689) 335,928 RECONCILIATION OF FUNDS Total funds brought forward 21,097 2,715,771 2,775,809 5,512,477 5,178,549 TOTAL FUNDS CARRIED FORWARD (119,3701 2,794,969 2,697,189 5,372,788 5,512,477 The notes form part of these financial statements Page 6
ort Amherst H Trust is numbér: 043623 Bal 30 March 2 2025 Totsl ftjnds 2024 Total fvnds Unrestricted R8strTrcted nd fund Endowment fijnd Notes FIXED AssErs Tangiblè assets Heritage assets Inveskn8nts 18,481 11,432 2.790,599 29.913 2,835,599 2,417,876 33,1 2,756.401 2,670,411 45,0 2,417,675 10 201 18,682 2,802,031 2,462,675 5,283,388 5,460,773 CURRENT AssErs Debtors Cash at bank and In hand 11 55,186 (14.7,7011 30,000 (6,222) 17,300 217,214 102,486 63.291 62,780 73,434 (92,515) 23,778 234,514 136,214 CREDrroRS Amounts falling due within one 12 145,537) ' (30.840) (76,377) {79,265) NET cuRREr ASSETSIILIABILITIES) {138,052) (7,0621 234.514 89,400 56,949 TOTAL AssEfs LESS CURRENT LIABILITIES (119,370) 2,794,969 2.697.189 5,372,788 5,517,722 CREDITORS Amounts falling du8 after more than one year 13 (5,245) NET ASSETS (119,370) 2,794,969 2,697,189 5,372,788 5,512,477 FUNDS Unrestricted ndS Restricted funds Endowment fijnds 14 (119,370) 2,794.969 2,697,189 21,097 2.715,771 2.7.75,609 TOTAL FUNDS 5,372,788 5.512,477 The charitable c[panY is entiued to exemptlon from audit under Section 477 of the Companies Act 20C6 for the year ended 30 Marth 2025. The members have not required the company to obtain an audit of its financial stat8m8nts for the year ended 30 March 2025 in accordanr* with Section 476 ofthe Companlés Act 2006. The trustees acknowledge their responsibilitses for {a) ensuring that the charitable company keeps accounting records that txmply with Sections 386 and 387 of the Companies Act 20C6 and preparing finanual statem6nts whith givè a tiue and fair Mew of the state of affairs of thè ¢haritable company as at th6 end of eath financial year and of its surplus or deficit for each financial year in accordance with the requiremerrts of Sections 394 and 395 and whl¢h otherwise compty vthh the requirements of the Compantes Act 20C6 relating to financial statemènts, so far as epplicable to the charitab18 company. (b) The notss fom part ofthese financial statements Page 7 continued...
ort Amherst Hwi st Re Ister er: 04362306 Balan eet- contin arch 2025 . These ffinan statements have been prepared in accordance with the provigions applicabl8 trj charitable companies subjéct to the small cc4npanies regime. The finandal statements were approved by the Board of TnJste6s and authorised for issue on 29 Juty 2025 and were signed on its Wialfby.. Mr D Moorman - Trustee Th8 notes fomi part ofthese financial statements Page 8
Amherst Herlta Trust No for e Financlal ded 30 March 2 nts ACCOUNTING POLICIES Basis of preparing the financial statements No material uncértainties that may cast significant doubt about the ability of the charity to conllnue as a going concém have teen identified by thè trustees. Income All income is recognised in the Statement of Financial Activities once the charity has entement to the funds, it ts probable that the income wlll b8 r8c8ived and the amount can b6 measured reliably. Expenditure Liabilities are r6cognls8d as expenditure as soon as there Is a legal or conslructlve obllgallon committing Ihe charity to that expendllure, it is probable that a transfer of economic beneffts V11 be required in settlement and Ihe amount of the oblatIon can be measured reliably. Expenditure is acrounted for on an accruals basis and has been classified under headings that aggregale all cost related to the category. Wherè costs cannot be directly attributed to partlcular headings they have been allocated to activities on a basis consistent with the use of rèsources. Tangible fixed assets Depredatlon 1$ provided at the following annual rates In orderto write off each asset over Its estlmated useful life. Plant and machlnery 20% on cost Herltage 8sset$ The Heritage assets are Included at insurance valuation, other than the land donated by Lower Lln88 Park which ha8 been revalued by the trustees at £45,1)JO. T8X8tion The tharity is exempt from corporatlon tax on its charitable activltieg. Fund accounting Unreslrict8d funds Unrestricted funds can be used in accordance wtth the charitable obl8ctives at the di8crelon of the trustees. Restrktéd funds can only be used for particut8r r8strlcl8d purposes within the objects of th8 charity. Restrtctiong arlse when sp6cifi8d by the donor or when funds are ralsed for particu18r restricted purposes. Endowment funds The charity has an 8xFendable 8nd0ent fund recefved from Lower Lln88 Park (originally donated by Mld K8nt College). Whilst capital gains and losses are added to the end¢)wment fund. ts income Is spent on the genèral charitable objects of th8 charlty. The capital of the fund can be SFent rf the tru8te8s 80 delemiine. Hire purch8se and leasing commitments Rentals pald under operating le8ses are charged to th8 Stalement of Financial Activities on a slralght Ilne basis over Ihe period of thé lease. Pension costs and othèr post4etirement benefits The charilable company operates a defined contribution penslon scheme. Contributions payable to the haritable companys penslon scheme are charged to the Slatement of Finandal Actiwtles In the period to which they relate. Investment assets Investrnents held as fixed assets are r8valued using the market value at the date of the Financial Ststements as provlded by the fund managers. The gain or loss arlsing in the year is taken to th8 Statement of finanoal actswtyas. Page 9 continued...
t Herita e Trus es to thé Financi forth Y ents - continued ed 30 March 2 OTHER TRADING ACTIVITIES 2025 2024 Hiring 24,589 79.899 INVESTMENT INCOME 2025 2024 0th8r ed asset invest- Fll Deposit account interest 69,474 754 66,339 381 70,228 66,720 INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after charglThJl(creditirwJ).' 2025 2024 Deprecration - owned assets Hire of plant and machinery 13,687 15,098 458 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or oth8r nofftS for the year ended 30 March 2025 nor for the year ended 30 March 2024. Trustees, expenses There were no Irustees. expenses paid for thè year ended 30 March 2025 nor for the year end&J 30 March 2024. STAFF COSTS Thè average monthty nUMr ofempk)yees during the year was as follows: 2025 2024 General administration No employees rec8lv8d emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricted Restricted fund fijr ErJd¢)wment nd Total fijnds INCOME AND ENDOWMENTS FROM Donations aTrJ18gades 84,C67 26.822 110.889 other trading activities Invesknent incomé 79,899 381 79,899 66,720 66,339 Total 164.347 26,822 66,339 257,508 EXPENDITURE ON Charitable activitiés Preserving and maintainlng Fort Arnher5t 167,081 26,822 193,903 Other 63,922 63,922 Total 231,003 26,822 257,825 Page 10 continued...
Fort Amh erita 8Trust Notes to forthé Ye ncial Statemen 30 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued unrestflCt Restricted fund fur Endowment fund Totsl fvnds Net gains on invéstrnents 223,859 223,859 NET INCOMEIIEXPENDITURE) Transf8rs between funds othèr recognised gainsl(loss88) Galns on revaluation offixed assets (66,656) 66,656 290,198 (66.6561 223,542 112,386 112,386 N8t movement in funds 112,386 223,542 335,928 RECONCILIATION OF FUNDS Total funds brought fOard 21,097 2,603,385 2,552,067 5,176,549 TOTAL FUNDS CARRIED FORWARD 21,097 2,715,771 2,775,609 5,512,477 TANGIBLE FIXED ASSETS Plant and machlnery COST At 31 March 2024 Addltlons 124,707 9,839 At 30 March 2025 134,346 DEPRECIATION At 31 March 2024 Ch8rge for year 90,746 13,687 At 30 March 2025 104,433 NET BOOK VALUE At 30 March 2025 29,913 At 30 March 2024 33,961 HERITAGE ASSETS Totsl MARKETVALUE At 31 March 2024 Revaluattons 2,756,401 79,198 At 30 March 2025 2.835,599 NET BOOK VALUE At 30 March 2025 2,835,599 At 30 March 2024 2,756,401 The heritage assets hekl by the charity are th8 bulldlngs and historical weaponry constructed on arKI displayed wlthln the area known as Fort Amhers( which is a fort orlglnalty constructed during NaFdeonic times In preparaticffi for a possible Invaslon. Fort Amh8rstW8s also used as a avil defence centre in both worbj wars. The Fort and the buildiros are in a near constant state of restoratton with the grouTrJs and buildings open to the public. The haritage assets a ¢arrigJ on the balan sheet at Insuran re4nstatement valuatlon. Page 11 continued...
Fort Amherst H Notes to th8 Financial Statem for the Year En 10. FIXED ASSET INVESTMENTS Shares in group undertakings Listed investments Totals MARKVALUE At 31 March 2024 Additions Disposals 201 2,670,210 1,535 {147,139) 2,670,411 1,535 (147,139) At 30 March 2025 201 2,524,6C6 2,524,807 PROVISIONS Provision for year 1c.931 1,931 NET BOOK VALUE At 30 March 2025 201 2,417,675 2,417,876 At 30 March 2024 201 2,670,210 2,670,411 There were no invesbnent a88ets outshye the UK. Cost or valuatlon at 30 March 2025 18 represented by: Shares In group undertakings Listed investments Totsls Valuation in 2025 Cost 84,170 2,440,436 84,170 2,440,637 201 201 2,524,806 2,524,807 The companys investments at th8 balan sheet date in the share capital of companies indude the following". Fort Amhèrst Limited Régistered office.. Fort Amherst Dock Road, Chatham, Kent ME4 4UB Nature of business.. Trading activ88 at Fort Amherst slte. Class of share-. Ordinary holding 100 31.3.25 31.3.24 Aggregate capital and reserves Loss for the ygar 100 11801 280 Fort Amherst Events & Weddings Llmlted Registored office.. Fort AmhersL DoGk Road, Chatham, Kent ME4 4UB Nature of buslness.. Tradlng activities at Fort Arnher5t sits, Class of share= Ordinary holdlTrJ 1C 31.3.25 31.3.24 Aggregate capilal and reserves ProfiV(loss) for the year 831 826 {21) Page 12 fx)ntinued...
FortAmh e Trust Notes to the Financial Statem the Year Ended 30 March 2025 10. FED ASSET INVESTMENTS - continued Fort Amherst Halloween Limited Réglstéred offi. Fort Amherst Dock Road, Chatham, Kent ME4 4UB Nature of business.. Trading actlvlttes at Fort Amh6rst site. Class of share.. Ordinary holding 100 31.3.25 31.3.24 Aggregate capital and réserves Profftl(loss) for the year 21.411 430 20,981 12,084) 11. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Amounts owed by group undertakings Other d8btors Accrued incc4n8 Pr6payments 13,790 35,975 1,468 47,300 3,953 15,599 23,223 16,887 7,071 102,486 62,780 12. CREDITORS: AMOUNTS FALLING DUE IMTHIN ONE YEAR 2025 2024 Trade creditors Social security and other taxes Othér ¢xedit¢)rs D8f8rréd income Aed expenses Deferred grants 35,516 1.572 573 14,562 613 192 1,500 14,079 48,319 7,877 30,839 76,377 79,265 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Deferred grants 5.245 14. MOVEMENT IN FUNDS Net movement in fvnds Transfers betren funds At 31.3.24 At 30.3.25 Unrestricted funds Gen8ral fijnd 21,097 (139,2671 (1,200) {119,370) Restricted funds Restrtcted 2,715.771 77,998 1,200 2,794,969 Endowment funds Mid Kent College 2,775,609 (78,420) 2.897.189 TOTAL FUNDS 5,512,477 (139,689) 5.372.788 Page 13 conlinued...
ort Amherst Herita e Trust Notès to the Financial ent d 30 March 2025 ued 14. MOVEME IN FUNDS- continu8d Net movemènt in fiJThJs, Included in th6 abovè are as follows.. Incoming Resour$ résources expended Gains and losses Movement in funds Unrestrictéd funds General fund ,451 1229,718) (139,267) Restricted funds Restricted 55.904 (57,104) 79,198 77,998 Endowment funds Mid Kent Colbge 69,474 143,824) 1104,070) {78,420) TOTAL FUNDS 215,829 1330,646) {24,872) {139.689) Comparatives for movement In fund$ Net movement In fund8 Transfers beeen funds At 31.3.23 At 30.3.24 Unrestricted fund8 G8n8ral fund 21,097 {66,656) 66,656 21,097 R88tricted funds Restricted 2,603,385 112,388 2,715,771 Endowment funds Mld Kent College 2,552,C67 290,198 (66,656) 2,775,609 TOTAL FUNDS 5,176,549 335,928 5,512,477 Comparative net movement In fiJnd8, Included In the 8bov8 are as follow8: Incoming resources ReSourcS expeThJed Gains and losse8 Movement In fund8 Unrestricted funds General fund 164,347 {231,003) (86,6561 Restricted funds Restricted 26.822 126,822) 112,386 112,386 Endowment funds Mid Kent College 66,339 223,859 2W,198 TOTAL FUNDS 257.508 1257.825) 336,245 335,928 Page 14 continued...
erst Herita èTr Notes to th Fin atements- continued for th8 Year Ended 14. MOVEMENT IN FUNDS- continued A current year 12 mctnths and prior year 12 months combined posltion is as follows: Nét m0Ment In fuNIs Transfers belween fiJnds At 31.3.23 At 30.3.25 Unrestricted funds General fund 21,097 1205,923) 65.456 (119,370) Restrlctéd funds Restricted 2,603,385 190,384 1,200 2.794,969 Endowment funds Mid Kent College 2,552.067 211,778 {68,656} 2,697,189 TOTAL FUNDS 5,176.549 196,239 5.372,788 A current year 12 months and prior year 12 months combined net movement In fijnds, included In th8 above are as follow8: Incoming resources R880urces expended Galns and losses Movement in funds Unrestrlcted funds General fund 254,798 (460,721) {205,923) Restricted fund8 R8stdcted 82,726 (83,926) 191,584 190,384 Endowment funds Mld Kent Co118ge 135,813 (43,824) 119,789 211,778 TOTAL FUNDS 473,337 1588,471) 311,373 196,239 The restricted funds Include the market value ol the hedtage assets, totslllng £2,790,599 12024: £2,711,401). The remainlng balano of restricted fttnds of £4,370 (2024: £4,370) Is considered to immatertal to be shown separately In th688 accounts but the charty's accountlng records identlfy the transactions and balan(% held for each fund. The gon8r81 fund b avallable for use in acrdanCe with the charftable obctIveS at the dlscretion of the trustees. 15. RELATED PARTY DISCLOSURES The charitable company has taken advantage of exemptton, under the ternis of Finandal Reportlng Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,, not to disclose related party transactions with wholly owned subsldlari88 wtthln the group. Ther8 were r ¢)ther related paty transactions forthe year. Page 15