Faversham Society Annual Report 2024
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ANNUAL REPORT TO MEMBERS NUMBER 62 2024
‘CHERISH THE PAST, ADORN THE PRESENT, CREATE THE FUTURE’
The Faversham Society (company limited by guarantee) 10-13 Preston Street, Faversham ME13 8NS Charity No 1135262, Company No 7112241
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Faversham Society Annual Report 2024
President
Richard Oldfield
Board of Trustees
Leigh Allison Katie Begg Jonathan Carey Jackie Davidson Ann Furedi (Chair) Harold Goodwin (Chair to June 2024) Matthew Hatchwell Andrew Holden Brian Kelsey (Treasurer) Laurie McMahon David Melville (Vice-Chair, retired April 2024) Anne Salmon Jane Secker Tim Stonor Jan West Heather Wootton
Solicitors
Bridger’s Law, 1[st] Floor Office, 2[nd] Floor, 3 Jubilee Way, Faversham ME13 8GD
Independent Examiners
McCabe Ford Williams, Charlton House, Dour Street, Dover, Kent CT16 1BL
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Faversham Society Annual Report 2024
President’s Foreword
An amazing breadth of achievement and activity, and all done by volunteers: the Faversham Society remains as remarkable as ever, something to be proud of. It is not surprising that controversies sometimes flare in a place to which people are so devoted and in a Society to which people give their free time and commitment. Sixty-three years ago the Society started in the most controversial of circumstances when the proposals for the demolition of Abbey Street were in the air, something which seems scarcely credible now. Building proposals in Faversham today are as contentious as demolition proposals then. The Society has a part to play in influencing, but deciding exactly how and what to influence will not always be straightforward. All of us who are members of the Society can be grateful for the dedication and thoughtfulness of the trustees. In particular this year we are grateful to Harold Goodwin whose years as chair saw significant progress in a wide range of activity, and to David Melville, vice chair: both stepped down in the early part of the year. We can be grateful too to Ann Furedi who has taken on the chairmanship, and wish her success in keeping the show on the road and, in the same metaphor, navigating around all the obstacles which changes in this lovely town conjure up.
This Report is as usual packed with information about the multifarious activities of the Society. One positive detail to pick out is the growth in the number of members. The coming year will no doubt be as full of incident and event as the last. As always I would like on behalf of all members to thank all who volunteer, in every bit of the Society’s vast range of operations.
Richard Oldfield
May, 2025
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Faversham Society Annual Report 2024
Chair's Review 2024
I was delighted to be elected to the role at the June 2024 AGM. I believe I have brought to the Board’s Executive Team a different set of skills and competences: some gained as CEO of a large health charity, some as director of governance and communication for a NonDepartmental Public Body. This has allowed us to strengthen the Faversham Society’s corporate governance, and in particular compliance with our policies and procedures.
While my role is already proving very rewarding, it is always a challenge when a new Chair takes the helm of an organisation, and my intention was to spend some time watching and assessing the ‘lay of land’. It was almost inevitable that this would not work out in practice! The plan to keep calm and carry on as usual was scuppered by external events.
The proposal by the Duchy of Cornwall to develop its land in South East Faversham caused some controversy within the Society, as it did in the town more broadly. Some members considered the development to be a benefit to the town potentially bringing social- and affordable- housing; to others it represented a misuse of farmland that should be opposed. Many of us were caught between conflicting views wondering how best to balance ‘realpolitik’ with principle, especially as the Government had declared itself committed to, “Build, build, build”. The different views represented among the Trustees as well as the Members led to lively discussions.
In line with the Board’s commitment, at the 2024 AGM, to consult and reflect the views of the membership a packed meeting in the Assembly Room of more than 100 members, on 28th October, heard different perspectives from: Helen Whately MP; FTC Cllr Josh Rowlands; SBC Cllr Julien Speed; Harold Goodwin speaking for Faversham Community Land Trust and Carol Goatham for Farms, Fields & Fresh Air. It was a privilege to chair an informed and reasoned discussion, during which many members contributed verbally, and in writing leaving the Board in no doubt that those who engaged with the issue wished us to pursue an approach that was reflected in a motion passed nem con at a meeting of Trustees the following evening.
“The Society supports the development of affordable homes but remains opposed to all large developments on greenfield sites. When developments are proposed we will engage with stakeholders to minimise the risks and maximise the benefits to our town.”
A source of some frustration has been the slow progress in resolving issues with our governance associated with our planning activities, which created temporary problems for the Futures Quadrant.This is why a Futures Quadrant report is not provided in this annual report. Progress is now being made, with a solution we will be able to communicate to members in the near future.
In very positive news, a focus on volunteer recruitment has resulted in more Society members offering their time on a regular basis. We are incredibly grateful to all who contribute to our work in this way. Our volunteers are the lifeblood of the Society – and we wouldn’t be able to achieve so much without them. The volunteer spirit and commitment is captured through every level of work: Trustees, managers and those who staff the book shop and Visitor Information Centre, organise activities such as the popular town walks and archaeological digs, study planning applications, submit responses on our behalf, and maintain the museum collections, archives and libraries, and who write edit and produce the newsletters and reports.
The education of Faversham residents and visitors alike about the town’s history and traditions remains ‘core business’. We achieve this through our Museum - which will continue to benefit from renovation works in the coming year, our outreach activities such as town walks and commemorative days, and regular discussions and talks. The monthly newsletter updates, amuses and reflects the diverse interests of our members. Given the
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potential changes to our local landscape as a consequence of proposed largescale developments, and the challenges of retaining our heritage while welcoming new residents in this context, the Society takes seriously it's commitments to engage with and inform public discussion on the advantages and disadvantages of proposals.
Many members of the Board, particularly Harold Goodwin, made instrumental contributions to the Faversham Town Plan ensuring that the Society’s priorities and concerns were considered. And, as Chair, I was privileged to facilitate an impressive Members’ meeting at which more than 100 participants heard the views of local stakeholders as they sought to reconcile concerns about the environment with concerns about the need for local affordable housing.
The Faversham Society remains a unique institution locally, acknowledging the importance of bridging from our past history, into the future that we are shaping in our present. Our members, volunteers and, in particular those who take on the responsibility for management of the Faversham Society are evidence that in modern society traditional charities have an important place.
Ann Furedi
April 2025
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Faversham Society Annual Report 2024
About the Faversham Society
Formed in 1962, the Society is a Registered Charitable Company Limited by Guarantee working to preserve the heritage and fabric of the historic town of Faversham and its surrounding parishes. Created in response to modernisation and the loss of historic buildings in Faversham, the Society aims to ensure that Faversham’s individual sense of place and outstanding heritage features are not lost.
The Society's governing body is the Board of Director Trustees, whose members are elected by the members of the Society. Trustees meet quarterly. Any resolutions submitted to a meeting shall be decided by a majority vote of the trustees present at a meeting, but the chairman shall have a second or casting vote. Minutes are taken at each meeting, circulated to trustees along with action points and responsibilities, and kept as a record. A subcommittee of the Directors /Trustees meets as regularly as necessary to administer the Society and reports to the Board. All policy decisions and planning interventions are passed by the full Board, by email if necessary.
The Society is managed by the Board of Trustees through our Executive Committee and Management Quadrants. These managements quadrants are:
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Heritage
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Futures
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Outreach
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• Resources
The Society owns, maintains and operates a complex of buildings in Preston Street known collectively as the Fleur de Lis Heritage Centre. The complex contains:
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A museum - the largest in the Borough of Swale
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A second-hand bookshop that generates income for the Society
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A large reprographic facility to enable in-house publication, for example, of the Society's renowned series of over one hundred "Faversham Papers"
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A comprehensive local history library, built up over many years, used for educational and information purposes
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An attractive walled garden where visitors may see a beautifully restored late Georgian shop-front, once at No 4 Market Place, and recovered by the Society from a museum in Chicago USA.
The Society rents space for its VIC and shop on the ground floor of the Town Hall in the marketplace.
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A Residents and Visitors Information Centre (VIC) for the entire Borough, Swale Borough Council no longer provides financial support.
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A gift shop selling good quality articles, many of them with local interest or content
The Society produces a monthly newsletter that is available to members in hard copy, by email or through the website www.faversham.org
The Society also publishes an annual review of all its activities, compiled from the written reports of those responsible for designated functions and activities. This report is distributed to all members free of charge and is available online.
The Society’s functions and activities are managed and staffed entirely by volunteers without whom none of the Society’s activities and achievements would be possible: the Society has no paid staff. Roles range from volunteering professional skills and expertise, to working in
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Faversham Society Annual Report 2024
the Visitor Information Centre, staffing the Museum, acting as a Town Heritage Walk Guide or attending committee meetings, to name but a few. All volunteers share an interest in promoting and preserving Faversham’s historic and cultural heritage and the Society is indebted to them all.
With more volunteers, however, more could be done. The time commitment need not be onerous and existing and new members who have time to volunteer, even for just a few hours each week, would be particularly welcome in the following areas of activity:
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Working in the Visitor Information Centre or Museum
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Working in the Fleur Charity Bookshop
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Being a Guide for the Town Heritage Walks
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Participating in the Faversham Society Archaeological Research Group - working on digs, including administrative work
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Writing contributions for the Newsletter
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Assisting with our events, social media and marketing
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Assisting at the Chart Gunpowder Mills
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Cataloging and reviewing (i.e. curating) the museum collections and libraries
If you would like to get involved and have time, expertise or both to offer, do get in touch – contact telephone 01795 534542 or drop into the Visitor Information Centre at 12 Market Place and leave a message, or email volunteer@favershamsociety.org
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Faversham Society Annual Report 2024
Reports of the Management Quadrants - 2024
The Society is managed via four management quadrants. Each quadrant is chaired by a Society Trustee, and these trustees, alongside Katie Begg as covenor, form the Executive Committee that reports to the Board of Trustees. Any recommendations to be made to external bodies are required to be ratified by the Board.
Heritage Quadrant
The Museum and Archive
The museum proved popular in 2024. We have a total of 4358 visitors – 3399 adults and 959 children. We also facilitated seven school visits and four visits with other youth groups. Visitor numbers were down as compared with 2023 (4871), largely due to fewer visitors during Open Faversham - in 2023 we had had a Pirate on site and a display of the newly identified Katherine Parr prayer book. Our most popular days in 2024 were Easter Saturday and the Transport festival weekend, followed by the second Saturday of the Literary Festival and the second Saturday of the Easter holidays.
Following the purchase of a card machine we had an increase in visitor donations over the year. The machine was also used for book sales at Faversham Society talks and as a replacement card machine when the VIC credit card reader failed. Income from the museum was £3,800, a substantial increase on 2023.
The museum reception was rearranged to make it more welcoming, giving more space, better contact with visitors and providing a small sales area. We now hold a selection of Faversham Society books and some leaflets. Book sales have been popular with visitors who might not otherwise have been aware of Faversham Society publications.
A new comments book with a simpler format was provided to encourage visitors to write down their impressions of the museum and encourage them to provide a postcode/home address, so we could gain a better idea of where our visitors are from. We had a massive increase in comments, giving us useful feedback, which we take into consideration in order to improve our visitor experience.
One of the volunteers recruited this year had a passion for the Roman period and her considerable knowledge was put to use refurbishing and expanding the Roman Faversham display. Some old cases from the Long gallery were repurposed as new Roman display cases, so enhancing the museum entrance prior to building works to remove the back wall and in line with our long-term plan for the museum.
Additional display cases were reused in the former kitchen area to make a more coherent experience for our visitors and they have allowed us to create temporary displays of unseen items from our collection.
During the annual closure period our Volunteers from the Museum and other parts of the Society thoroughly cleaned everywhere and some items were rearranged to tell a better story to visitors, including improvements to the explanatory labelling.
The World War 1 and 2 display cases in the upstairs area were reordered and fully relabelled to tell a more coherent story of Faversham at war. Progress was also made with relabelling artefacts all around the museum as many original labels were faded and unreadable.
Redevelopment of the Georgian garden began this year. Overgrown and inappropriate shrubs and trees were pruned or removed, unwanted plants removed and rehomed. A new
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Faversham Society Annual Report 2024
planting scheme was drawn up, based on Edward Jacob’s Plantae Favershamienses, and a start made on planting. Information on our plans for the garden was provided for visitors.
There were three major exhibitions in the museum gallery. The first was a display of photographs and artefacts from the significant prehistoric landscape, including a ring ditch, discovered on the Lees Court estate, and was created in partnership with The Kent Archaeological Society and Lady Sondes. This was followed by “Read all about it”, based on our newspaper collection and with activities to appeal to children in the summer months. Finally we had a costume collection exhibition inspired by Shakespeare’s “The seven ages of man”.
During Open Faversham a map display of our 1:500 maps of Faversham town centre were displayed in the parish church along with an exhibition of William Shakespeare’s visit to Faversham.
The Museum window was changed regularly, we won a Rosette from the Town Council for our “Tudor” window. The newly acquired Dolls House looked stunning in December, all ready for Christmas.
A toy collection was created for school visits of Year 1 and 2 classes who study this topic as part of the curriculum. Appropriate toys were selected, boxed and described along with a suggested script for ease of use in future visits.
An Education page was added to the Faversham Society Website with a specific education email address. However enquiries about repeat school visits are usually sent to the person who communicated with the teacher last time and new visit enquiries to the Fleur museum email. We have had more interest from out-of-town schools this year, possibly because we are free and are flexible enough to respond to requests for specific topics.
The reaccreditation application process has started, but because of volume of work required to review all policies and procedures, and the planned building works for early 2025, an extension to June 2025 was granted. We continue slowly.
We have had visits from our Professional Museum Mentor, Helen Brown, and from Museum Development South East, Amy Stone.
The Museum Committee met most months and the Museum Review team met several times to review donations and proposed removals. In all 36 donations were considered. An exceptional number of large donations of Faversham related material was donated from John Coulter, Peter Kennet and the Dawson family.
The “Art “room which once hosted the Marlowe library was refitted with purpose-built racking for framed items, work commenced reviewing, cleaning and moving artworks, prints, maps and photos from the attic.
Volunteers continue to review the material we hold in the collection and a large amount was covered in 2024, helping make everything held in our archive more accessible and improving storage where possible. The Newspaper Archive review continued. As did the scanning of Photographs, both the Museum Collection and the Arthur Percival collection. . We continue to process the large number of Osborne Plaques donated by Alan Swan in 2023. Great inroads have been made into reviewing the material previously stored in Tesco’s with a quantity not being relevant to our Collections Policy.
The former Fleur hall is in regular use by our volunteer curators and is also increasingly used for storage, allowing us to accept the large donations offered to us. The large Board table from Tassell’s is useful for working with maps and as a meeting table.
The large items on display in the public area of the museum were reviewed for relevance and safety and some were removed from the collection as a result.
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Faversham Society Annual Report 2024
Our Tudor prayer book was officially ruled as a previously unrecorded edition by the British Library and was entered on the ESTC (English short title catalogue).
However we continued to clear the Fleur hall of unneeded items. A large quantity of excess Telephone equipment was identified for disposal and sold at the Telephone Heritage Group swap meet in October.
We were fortunate to recruit a volunteer building surveyor in 2024 and he has prepared contracts to address the problems with building damp at ground level, with miscellaneous building problems across the site and with repairs and repainting of the front of the building. He has also applied for listed building consent for the demolition of the wall between the entrance gallery and the old kitchen, which forms an essential part of our museum redevelopment plans.
A general plan of building works has now been created and has identified a significant backlog of maintenance.
The old storage shed in the car park was removed as it had rotted badly. Much of the contents were disposed of, but telephone equipment and associated shelving were relocated in the Fleur de Lis hall. A replacement shed was ordered.
The Faversham Society Archaelogical Research Group (FSARG)
During 2024 FSARG had a busy year. Over the course of the year we concentrated on two distinct areas, Throwley and the Millfield Allotments in Faversham.
In the early season we undertook geophysical surveys in Throwley (not much fun in the January snow!) and a small exploratory excavation in our search for evidence of the missing Throwley Manor House. A metal detecting survey was also undertaken, which initially yielded some small finds, especially a rough weight which is similar to those used between Roman to the Middle Ages.
A small excavation was also undertaken at the Millfield Allotments as part of a project of looking at sites on the margins of land that had been cleared for brick earth. An ongoing aspect of this investigation is the collection by allotment holders of objects (pottery, flint etc) found on their individual allotments for later study. This is a long-term exercise being carried out over 2024-2025.
A geophysical survey was also carried out in the Upper St. Annes Road area of Faversham as part of the brick earth marginal lands project.
During the main Summer season we concentrated on further excavations at Millfield as part of the marginal lands project and a small excavation in the Fleur Car Park during Open Faversham. Additionally the FSARG store in Tesco’s basement was rationalised and reorganised.
Library
A volume containing three original Tudor prayer-books bound book together was found in the attic. It comprises the King’s Primer, Psalms and Prayers and Meditations bound together and at the front is an inscription, ‘Found hidden away in an old chimney’. The King’s Primer has dedication to King Edward VI and so dates from around 1547. The books have been seen by Justin Croft, BBC Antiques Roadshow book expert and they were sent to another expert, Dr. Shaw of British Library. They are genuine Tudor books and the King’s Primer is a previously unrecorded edition and has been added to the British Library database – English Short Title Catalogue. It is so rare that the British Library does not have it! It has been put on display in the Museum. The Prayers and Meditations was written by Queen Katherine Parr and is the first book in the English language published by a woman
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author. Psalms and Prayers was translated by Queen Katherine from Latin and has a prayer for men going into battle and dedication to King Edward VI so it dates from about 1547.
John or Jacke Wilson was born in a house on Court Street and he became composer to Shakespeare’s troupe in 1605. He is mentioned by a typographical error in the First Folio of Shakespeare published in 1623. His name was printed instead of his character in Much Ado about Nothing. A display item has been put in the Museum.
Entries in the Faversham archives held in Kent Archives in Maidstone show the visits of Shakespeare’s troupe under changing names in 1596, 1597 and 1605. One may be unique and is for the troupe under the name of Lord Hudsdon’s Players in 1596. They were only known by this name from July 1596 to March 1597. According to Encyclopaedia Britannica they began touring in 1597 yet here there is evidence of them touring a year earlier in 1596. It had been hoped to display photos of entries in the Museum but Kent Archives have proved obstructive and unhelpful and so the process drags on.
The attic has yielded yet more treasure. Various first editions on novels have been found. They include first editions of Thomas Hardy Return of the Native which has a rare misprint on the title page and so is a first printing, The Hand of Ethelberta.
A Laodicean. There is a first edition Anthony Trollope, Dr Wortle’s School, which has the title printed on the back cover leaving the front cover blank. Other first editions have been found. These books were from the Faversham Institute Library as shown by stamps and labels and so will be retained as part of Faversham heritage.
Outreach Quadrant
Over the past year, the publications group has produced one new book. Dr Pat Reid kindly revised an old Faversham Paper and we added lots of new photos (thank you Chris Wootton and Ian Montague) to produce a History of Faversham Parish Church.
Work continues on a couple of new books, due for publication in 2025.
There are now over 50 Faversham Papers available as PDFs from the website. The majority of them are free to download and they are regularly accessed from all across the world. Thanks to the publications team for all their hard work, Pat Reid, Pat Ross, Chris Wootton, Peter Spring and Steve Rayner.
The revised ‘education offer’ on our website has proved to be very popular and we’ve had many group visits to the Fleur de Lis Museum, especially from local schools. Thanks to Rachel Baynton, Caroline Clarkstone, John Clarkstone and the other volunteers who have stewarded the enthusiastic children.
Our regular Saturday morning town walks have been very well received, with an especially successful series of group bookings too, under the new leadership of Catherine Lee. This year, the walks programme was also expanded to include a series of ‘summer strolls’ which ran over six evenings. Additionally, there were five ‘ghost walks’ which ran from Halloween through November, and they all sold out once again. Thanks to Catherine and her team of guides, Steve Bartholemew, Bob Baxter, Martin Brooks, Nigel Kay, Antony Millett, Jim Ransom, Pat Ross, Graham Sample and Mary Warner.
Our programme of free talks continues to be well attended. In May there was a talk by Kent Archaeological Society to tie in with our museum exhibition relating to the Lees Court dig. In September, a talk to commemorate the four Faversham women hanged as suspected witches was very popular. The archaeologist, who specialises in marks and graffiti, also gave a shortened version at the witches memorial plaque the next day, as part of the Tudor festival, as it was the anniversary of their hanging.
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In October the members meeting was held to discuss different opinions regarding the Duchy development. In November, Heather Knight gave a talk about Shakespearean Theatre in London and Shakespeare’s visits to Faversham. In January, Graham Upton, who upgraded the railway underpass, gave a talk about some of the street art projects he has been running in Kent. In February, Henry Cleary, who has been using our archives for his research, gave a talk about Pollocks Shipyard during WW2. In March, Jennifer Godfrey gave a talk about Suffragettes in Kent.
Unfortunately, due to insurance issues it was not possible to hold Open Gardens under the Faversham Society banner this year. Going forward, it will be run under the National Garden Scheme, but the Faversham Society will still provide help where we can.
However, Open Faversham was another success. The Fleur de Lis Museum held an exhibition of old newspapers, both local and national. There were related craft activities for the children, the old typewriters in the ‘newsroom’ were very popular.
Over the week, Christine Rayner gave an entertaining talk about the history of local newspapers and John Owen gave an illustrated talk about Historic Interiors in the town.
There were various other Society led activities including guided walks (Nick Mengham and Jennifer Dinsmore) and a Wikithon (Jane Secker, Chris Wootton and Steve Rayner).
Also, on the final Sunday, there was a collaboration between the town walk guides and the Arden Theatre. They brought some of Faversham’s historical characters to life in the Market Place, in splendid costumes.
Many thanks to everyone who has helped over this past, busy, year.
Resources Quadrant
The Resources Quadrant is chaired by Andrew Holden and Jan West and on behalf of the Society’s finance committee oversee all expenditure/income plus the Society’s investments. Management accounts are drawn up and presented to the board of trustees on a quarterly basis.
Bi-monthly meetings are held with the museum staff to move forward building maintenance issues and during the year we were grateful to Richard Baker for drawing up the specifications for the external repainting of the front of Preston Street complex, the damp proofing works, removal of an internal museum door and other general maintenance works around the complex.
Meetings were also held with both managers of the VIC and the second-hand bookshop to address any issues.
The old shed has been cleared and replaced with a new larger shed which has lighting and power.
Sadly the negotiations with Tesco’s, over the lease of their basement areas, continue to drag on.
Our membership numbers have risen through the year and are shown below:
| Category | 2023 | 2024 |
|---|---|---|
| Single Under 60 | 55 | 65 |
| Couple Under 60 | 94 | 100 |
| Single Over 60 | 247 | 252 |
| Couple Over 60 | 298 | 308 |
| Life Under 60 | 3 | 3 |
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Faversham Society Annual Report 2024
| Life Over 60 | 72 | 71 |
|---|---|---|
| Benefits | 12 | 6 |
| Junior | 6 | 12 |
| Student | 4 | 6 |
| Total | 791 | 823 |
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Faversham Society Annual Report 2024
Financial Report for the year ended 31 December 2024
Brian Kelsey, Hon. Treasurer.
The Society has had another excellent year thanks to the continued efforts of all of our volunteers, with income from all our diverse resources reaching £120k. Our bookshop raised almost £41k and we collected a little over £5K from donations from visitors to the museum. We continued to benefit from higher interest rates which brought in £30k of bank interest.
Our expenditure was well within budget, so we were able to carry forward a surplus of almost £23k to our reserves. Whilst the expenditure is down for the year much of this “underspend” relates to costs on projects that we will see in 2025 accounts.
The Trustees will continue adhere to the principles of proper budgetary control and financial management in 2025 and future years in order to provide a firm financial basis for the continuance of the conservation and education work of the Society.
The Trustees acknowledge with thanks the legacies, grants and donations to the Society from: the Estate of Mike Henderson dec'd (£5k), Sir John Swire 1989 Charitable Trust and the collaborative financial work with Faversham Town Council.
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Faversham Society Annual Report 2024
The Faversham Society Summary Accounts Year to 31[st] December 2024
| Balance Sheet as at 31 December 2024 31/12/2024 Fixed Assets £ Land & buildings, at valuation 481,978 Office furniture, at cost less depreciation 2,086 484,064 Current Assets Bank balances: NatWest current accounts 67,614 Flagstone deposit account 733,200 800,814 Stock 3,758 804,572 Current Liabilities Creditors Net Current Assets 804,572 Net Assets 1,288,636 Represented by: Funds Restricted Funds 61,393 Designated Funds 538,632 Unrestricted Funds 688,611 Total Funds 1,288,636 Note: These accounts are published subject to Independent Review. |
31/12/2024 £ 481,978 2,086 |
59,309 763,18 7 |
31/12/2023 £ 491,034 3,129 |
|---|---|---|---|
| 484,064 804,572 |
494,163 767,043 |
||
| 3,856 | |||
| 767,04 3 |
|||
| 1,288,636 61,393 538,632 688,611 |
1,261,206 56,913 538,634 665,659 |
||
| 1,288,636 | 1,261,206 | ||
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Faversham Society Annual Report 2024
Income & Expenditure Account - Year to 31 December 2024
| £ | £ | |
|---|---|---|
| INCOME | 2024 | 2023 |
| Charitable activities: | ||
| Publication & gift sales | 17,813 | 19,114 |
| Secondhand book sales | 40,874 | 41,823 |
| Museum income | 5,017 | 2,501 |
| Open gardens | 4,845 | |
| Walks, events etc | 3,434 | 3,717 |
| 67,138 | 72,000 | |
| Rents received | 9,167 | 8,237 |
| Member subscriptions | 8,937 | 9,539 |
| Interest received | 30,467 | 21,321 |
| Grants & donations | 4,454 | 6,880 |
| 120,163 | 117,977 | |
| EXPENDITURE | ||
| Charitable activities: | ||
| Publications & gifts | 13,137 | 12,685 |
| Museum conservation | 2,796 | 4,146 |
| Open Faversham | 1,936 | |
| Archeology | 1,397 | |
| Advertising & promotion | 2,232 | 1,905 |
| Development appeal costs | 3,540 | 6,582 |
| Outreach work | 3,972 | 4,022 |
| 29,010 | 29,340 | |
| Overhead costs: | ||
| Rent & rates | 4,805 | 5,609 |
| Insurance | 13,933 | 13,299 |
| Light & heat | 11,202 | 9,213 |
| Repairs, maintenance & security | 17,103 | 18,469 |
| Printing, stationery & postage | 4,567 | 2,809 |
| Telephone & computer costs | 3,057 | 2,697 |
| Legal costs | 795 | 1,050 |
| Bank charges | 1,100 | 2,152 |
| Governance costs | 1,542 | 1,380 |
| 87,114 | 86,018 | |
| Cash Surplus for year | 33,049 | 31,959 |
| Less: Depreciation | 10,099 | 10,099 |
| Transfer to Designated Premises Fund | 20,000 | |
| Trading Surplus for the year | 22,950 | 1,860 |
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Faversham Society Annual Report 2024
| Restricted & Designated funds | Restricted & Designated funds | 2024 | ||||
|---|---|---|---|---|---|---|
| Trans- | ||||||
| Projects | 31/12/2023 | Funds in | Expenditure | fers | 31/12/2024 | |
| Land Fund | 46,075 | - | 46,075 | |||
| Ardens House | 371 | 5,000 | 5,371 | |||
| - | ||||||
| Arthur Percival Memo- | ||||||
| rial | 520 | 520 | - | - | ||
| - | ||||||
| Museum Fund | 9,947 | - | 9,947 |
|||
| Restricted funds | 56,913 | - | 520 | - | 61,393 |
|
| Designated funds: | ||||||
| Property mainte- | ||||||
| nance | 67,208 | 67,208 | ||||
| - | ||||||
| Legacies Fund | 471,426 | 5,000 | 5,000 | 471,426 | ||
| 595,547 | 5,000 | 520 | - | 600,027 |
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Faversham Society Annual Report 2024
Who’s Who – 2024
| Environment and Planning Committee |
Steve Akins, Claire Belsom, Jonathan Carey, Harold Goodwin, Ray Harrison, Matthew Hatchwell, Mike Henderson, Gulliver Immink, Tim Ingram, Simon macLachlan, Laurie McMahon, Graham Setterfield Tim Stonor, Christopher Wright |
|---|---|
| Finance Committee | Harold Goodwin, Alistair Mackay-Miller (Chair), Brian Kelsey, Jan West, Katie Begg, Andrew Holden, Leigh Allison and Jonathan Carey. |
| Museum Committee | Heather Wootton (chair), Jennifer Shipman, Paul Moorbath, David Slarks, Rachel Baynton, Rod Morley, Gill Pinder, Sue Gower, Moyra Haslet, Caroline Clarkstone, John Clarkstone. Leigh Allison and Ann Wilkinson (Advisor Maison Dieu). |
| Publications, Education, Events and Print Committee |
Leigh Allison (Chair), Pat Reid, Pat Ross, Chris Wootton, Nigel Morgan, Simon Levack. Peter Spring, Jane Secker and Steve Rayner |
| Building Maintenance and Health and Safety |
Jonathan Carey, Andrew Holden, Paul Jesset and Giles Guthrie |
| Manager, Fleur de Lis VIC | Christine Smith |
| Editor, Newsletter | Stephen Rayner |
| Membership Secretary | Leigh Allison |
| Annual Report Editor | Katie Begg |
| Faversham Society Archaeological Group |
Current Committee - Nick Wilkinson (Chair), Lesley Shea (Vice Chair), Lizzie Eyre (Treasurer & Membership), Maureen Wale (Finds Coordinator), Mike Tilman (Site Coordinator), Chris Wootton (Website), Nigel Mannouch, Heather Wootton, Keith Robinson (Committee Members) |
| Printing | Yvonne Willis, Noaj Laurance |
| Libraries | Librarian (including Doddington Parochial Library): Paul Moorbath Assistant librarian: Valerie Gidlow. |
| Museum Visitor Engagement Staff |
Co-ordinator: John Clarkstone. Volunteers: Helen Albery, Antony Millett, Rod Morley, David Slarks, Mary Mallett, Heather Wootton, Yvonne Wills, John Thorp, Jennifer Shipman, Caroline Clarkstone, Glynis Rumney, Francine Burden, Lynn Koosey, Gill Pinder, Nigel Mannooch, Mary Warner, Lyn Jardine, Petra Luck. |
| Museum, Archive and Library Staff |
Museum Mentor (Professional Advisor) Helen Brown Review Panel: Jennifer Shipman, Paul Moorbath, Marion Brown, Heather Wootton |
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Faversham Society Annual Report 2024
| Librarian: Paul Moorbath Library Assistant: Valerie Gidlow Costumes: Jennifer Shiman & Sue Gower Archives & Computer data: Heather Wootton & Linda Parker Archives: Moyra Haslet, Tony Lording, Helen Collins, Linda Carden, Sue Davidson, Julie Miller, Leigh Allison, Antonia Marsden, Helen Golesworthy, Emily Mullender, Gus Redman, Linda Thomas, Ruth Jones, Maria Meneer, Jacqueline Spencer Artefacts: John Clarkstone, Brian Thomas, Ben Hayward, Mo Wickham Enquiries: Rod Morley & Linda Parker Chart Mills: Rod Morley, John Breeze & Richard Paris- Piper Photographic Archive: Gill Pinder Telephone Engineer: David Slarks Maps: John and Caroline Clarkstone Displays/ exhibitions: Rachel Baynton, Jennifer Shipman, Sue Gower & Jo Fincham Handy Person: Barney Stay Building Surveying & Project Management: Richard Baker Arthur Percival Photo & Document Archive project: Chris Wootton, Ian Montague, Paul Jessett, Liz Cameron, Marion Brown, Dave Hughes |
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| VIC volunteers | Eileen Allen, Leigh Allison, Wilna Bing, Sheila Breeze, Frances Bish, Jean Bushell, Caroline Clarkstone, John Clarkstone, Martin Collins, Jackie Davidson, Daphne Dean, Dawn Drury, Sally Fancourt, Nic Frost, Sheila Gibbins, Linda Hird, Andrew Holden, Sheila Hulks, Dawn Kelle, Noaj Laurence, Nigel Mannouch, Antony Millett, Angela Mitchell, Penny Newell, Jenny Partington, Mary Ransom, Pat Ross, Josephine Ruffels, Christine Smith, Scott Smith, Sue Taylor, Carol Upton, Jan West, Maureen Wickham, Yvonne Wills. |
| Fleur Charity Bookshop volunteers |
Paul Barton, Mischa Bellwood, John Bisbrown, Denice Blades, Christine Chaffin, Cecile Chawla, Andrew Clarke, Wendy Clarke, George Couchman, Jackie Davidson, Jeremy Day, Willemien deKoning. Aygen Dickson, Elizabeth Dickson, Isobel Downie, Genevieve Ellis, Ann Finn, Tim Fletcher, Steve Foulger, Ann Furedi, Mark Grainger, Antoinette Heywood, Liz Heritage, Linda Ireland, Geraldine Knight, Leonard Lake, Keith |
19
Faversham Society Annual Report 2024
| Langfird, Mark Lewisohn, Evelyn Malcom, Ian Newman, Linda Nolan, Richard Paris-Piper, Stephen Parsons, Jan Quince, Peter Quince, Julie Rains, Astrid Ryans, Diane Skinner, Chris Swan, Joe Travers, Julia Vellam, Rob Walker,Nigel Wakeham, Rachael Wakeham |
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| Faversham Town Guides | Martin Brooks, Antony Millett, Steve Bartholomew, Bob Baxter, Nigel Kaye, Catherine Lee, Jim Ransom, Pat Ross, Graham Sample, Mary Warner. |
20
REGISTrKED COMPANY INUMBER: 07112241 (England and Wales) REGISTE¢ D CHARrfY NUMBER: 1135262 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE FAVERSHAM SOCIETY (A COMPANY LIMITED BY GUARANTEE) Mccabe Ford Williams Chartered Accounlanls Charllon House Dour Street DOVER Kent CT16 IBL
THE FAVERSHAM SOCIETY CONfENfs OF TIIE FINANCIAL STATEMKIYTS FOR"fHE YEAR ENDED 31 DECEIViBKR 2024 Pgge Report ofthe Trustees Independent ExAminer'5 Report St&tement of Financial Activities Balance Sheet Notes to the Financial Statements 9 to 16 Detailed StAtemcnt of Fin&nclal Activities 17 10 18
THE FAVERSHAM SOCIETY REPORT OF TIIE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the fmancial statements of the charity for the year ended 31 December 2024. The trustees have adopted the PTovÈsions of Accounling and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in acc4)rdance with the Fiiiancial Reporting Stalldard applicable in th¢ UK and R¢publi¢ of [land (FRS 102) (effeclive l January 2019). ORIECTIVES AND ACTIVITIES Objec¢ives and Aims The Society is ¢stablished for the public benefit for ihe following purwse in the area comprising Faversham and its surroundings, referred to as the "area of benefit" i) to ediicate the public in the geography, history, natural history and architecture of the area of benefit. ii) to se¢ur¢ the preservation, protection, development and improvement of features of historic or public interest in the area of benefit. iii) to preserve for the people of the area and of the nation, the historic arcliilecture and constrnclional heritage that may exist in Ilie area of benefit in biiildings (incliiding any biiilding defined in Se¢¢ion 336 of the Town & Country Plant)ing Act 1990) of particular beaLIty or historical, arcliitectural or conslrliclional int¢r¢st. iv) to prornote high standards of planning and architecliire in or affecting the area of benefit. Significnnt A¢tlvltles The Society owns, maintains and operates a complex of buildings in Preston Street known collectively as the Fleur de Lis Heritage Centre. The Lomplex contains: - a museum - the largest in the Borough of Swale - a gallery for temporary exhibitions, organised by the Society - a second-hand bookshop that generales inLome for the Sociely a large reprographic facility to enable in-house publication, for example, of the Society's I'enowned series of over one liundred "Faversham Papers" a comprehenslve local histoiy library, built up ovei. Inany years, used for educattonal and infornlation Plirposes well-equipped offices for the iise of Council and Committee members lo conduct the Society's affait3 in a i>rofessional mann¢r an Attractive walled garden where vtsitors may see a bealiti]lY restored late Go)rgian shop-ftDnl, onc¢ at No 4 Market Place, and wovered by Ilie Society from a rnUSCLini in Chicago USA. - The Faversham Society Archaeological R¢sear¢h Group (FSARG) digs in a different place eftch year and displays, and publishes on, its find. The Society rents space foT Its VIC and shop on the groiind floor of t]ie Town Hall in Élle marketplace. a Residents and Visitors Inforniation Cenlre (VIC) for the entire Boroiigh, Swale Borough Coui)cil no longei. provides financial support, a gift shop selling good qiialily articles, many of them with local intcrcst or content The Society produces a monthly newsletter that is available to members in hurd copy, by einail or througl) the website www.faversham.org Thc Society al80 publishes an anniial review of all its activities, compiled r]K>m the wrilien reporh of those resnsIble for desigiiated fiinclions and activities, e.g. the well regarded "Secret Garden s¢hem¢, the Town Walks, the Museum, the wot* of the "Faversham Historians" and the Environment and Plallning committee. This report is distributed to all members free of charge and is availabl¢ online. Page I
THE FAVERSIIAM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR KNDED 31 DECEMBER 2024 oKIEcrivES AND AcfIviTIES Publlc benefit The Society is one of the largest and most active of its kind. The Society continues to pursue th¢ wide range of activities of earlier years, including th¢ provision of Iielp, advice and information to the general publiG The TrusÈ¢e5 confinn that they have mplIed with Se¢tion 4 of the Charities A¢t 2011 in having due regard for the Charity Commission's general guidanc¢ on publi¢ benefit. Volunteers The Society has no paid staff, and relies upon a large number of voluiiteers, who give generously of their time to enable the Society to achieve its aims and objectives. ACHIEVEMENT Al PERFORMANC ChAritable aCtItI$ and lutiire plAns We have carried out activities in line with our obectives thi5 year. In accordan¢e with the Board's commilment, al the 2024 AGM, to Consult and rcflect the views of the membership a packed Ineeting in the Assembly Room of more than 100 members, on 28th October, heard different perspe¢lives from: H¢l¢n Whalely MP. FTC Cllr Josh Rowlands. SBC Cllr Julien Speed. Harold Goodwin speaking for Faversham Community Land Thist and Carol Goatham for Fanns, Fi¢lds & Fresh Air. It was an informed and reasoned disciission, during whi¢h n)any members contributed verbally, and in writing leaving the Board in no doubt ihat those who engaged with the issue wished us to Plirsue an approach that was reflected in a motion passed nem con at a meeting of Trustees tlle following ev¢nin8. "The So¢iety supports the development of affordable hom¢s but remains opposed io all large developments on greenfield siles. When d¢v¢lopmenls are proposed we will engage with stakeholders to minimi5e the risks and maximise the benefits to our town." In veiy positive news, a focus on volunteer reciuitment has resulted in a more society membeftB offeriiig their time on a regiilar basis. We are incredibly grateftil to all who contribute lo our work in this way. Oui. volunteers are Ilie lifeblood of the So¢ioty and we wouldn't be able to achieve so mucli wiÉhoiit them. The volunteer spirit and commitment is ¢aptiired through every Icvel of work.. Trustees, manager8 and those who sÉaff the book shop and Visitor Jnforniation Cenlre, organise activities such the popular town walks and ar¢haeologi¢al digs, sliidy plannii)g Appli¢alions, submit responses on oiir behalf, and maintain tlie museum collections, archives and libraries, and who write edit and produce the iiewsletters and reports. The education of Faversham r¢sidents and visitors alike about the town's history and traditions remains '¢ore biisiness,. We achieve this throiigh our Museum which will continue lo benefit from renovation w0S in the comiiig year, oiir oulr¢ach activities such as town walks and MM¢mOr¢i¢lVc days, and r¢gular discussions and tslks. 'The monthly ncwsleller iipdat¢5, amuses and reflects the diverse interests of our membcJB. Given thc potential changes to our local landscape as a conseqllen¢e of proposed laigescale dcvelopments, and the challenges of retaining our heritage while welcoming new residents in this context, the Society lakes seriously it's commitments to engage with and infomi public discussion on the advantages and disadvantages of proposals. Finally, mAny niembers of the Board, particulw'ly Harold Gi)odwin, made instrumenlal contributions Éo the Favershajn Town Plaii en511ring that the Society's priorities and concerns were considered. Page 2
THE FAVERSHAM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW Financial review The Society has had another excellent year thanks to the continued efforts of all of our volunteers. with income from all our diverse resources reaching £125k. Our bookshop raised almost £41k and we collected a little over £5k from donations from visitors to the museum. We continu¢d to b¢n¢fit from hier interest rates whith brought in £30k of bank int¢r¢st. Our expenditure was well within budget, so we were able to cany fonvard a surplus of jiist over £27k to our reserves. Whilst the expenditure is down for the year much of this "underspend" relales to costs on projects that we will s¢¢ i 2025 accounts. The TNstees will continue adhere to the principles of proper budgetary control and financial management in 2025 and future years in order lo provide a firn) flnancial basis for the continuance of the conservation and uCatIon work of the Society. The Tnistees acknowledge with thanks the legacies, grants and donations to the Society frnm: the Estate of Mike Henden dee'd (£5k), Sir John Swire 1989 Charitable Tnist ]d the collaborative financial work with fiaversham Town Council. Reserves policy lThe 'l'ruslees consider diat an appropriate minimum level of free reSe¢S should be an amount represenling six months core expenditure. This allows soine flexibility for the So¢i¢ty to deal with delays or withdnwal of funding, or un¢xpc¢t¢d additional coslq. T]ie level of free reserves (net current assets) al th¢ balan¢¢ sheet dale is £804,572 (2023 £767,043) exceed tlie minimum requirement, providing financial slabilily lo enable Ihc Society to cary out its aims and objectives. Free reserves included £56,393 (2023 - £56,913) held for restricted puwoses. STRUCTURE, GOVERNANCE AND MANAGEMTr NT Governing documeiit The charity is coiilrolled by its goveining document, a deed of Irusl, and constitutes & liiniled company, limited by guarantee, a8 defined by the Companies Acl. 2006. Tlie Society is a compaiiy limited by giiarantee, as defined by tlie Coinpanies Act 2006. Its goven)ii)g docuinent is its Meinornndiiin and Articles of Association, dated 23 De¢¢inber 2009, as agreed by Sp¢¢ial R¢solutions 011 24 FebNiary 2010 and amended by Special Resolution on 23 April 2014 and 13 April 2016. Thc chailllable CoMp]Y has no share capital, but iindcr thc Icmis of tlie Memorai)diin) of A%$tatIOn, every meinbcr 18 liable to conli-ibute a 511m not exceeding £10 in the ¢v¢n¢ of th¢ ¢omp<iUy beii)g woiiild up while he or she is a menibci., or within one year after he or she ¢eases to be a member, for thL payment of the debts and liabilities of the company contracted before he or she ceased to be a member. and th¢ ¢osts, ¢harges niid expenses of winding up. Reci'uitment And ftppointment of new trustees The Society typically ¢irciil<11es an invitatioii to all members to nominate tsleeS prior to the AGM, advising them of the retiring trustccs tllid reqiieslliig noininti0nS for the AGM. From lime to time, the Board a150 Irviews whether there are any additiotl<il or spe¢ialist skills that would be beneficial to havc on the Board. it then seeks to identify potential new trLlStecs who will briiig Iliose skills and the Board may then appoint new tn15lees. New Itwstees iindergo an orientation day to brief them 01) their legal obligations under charity and company law, the content of the Memorandum and Articles of Associalion, the committee and decision making processes, the business plan and recent finan¢ial performance of the Society. Page 3
THE FAVERSHAM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBKR 2024 STRUCTURE, GOVERNANCE AIYD MANAGEMENT Organisational structur¢ The Society's governing b(Kly is the Board of Directors and Trustee8. whose members are elected by the members of the Society. Trnstees meet quarterly. Any resolutions submitted to a meeting shall b¢ d¢¢ided by a majority vote of the trustees pr¢sent at a m¢eting. but the chairman shall have a second or casting vote. Minutes are taken at each meetin ¢ir¢ulated to trustees along with action points and responsibiliti¢5, and kept as a record. A subcommittee of the Directors and Trustees meets as regularly as necessary to conduct the administration of the iety and reports to the Board, All policy decisions and planning interventions are passed by the 11 Board, by email if necessary. Risk iEview The Trustees have a duty to identify and review risks to which the So¢i¢ty is exposed and to ensure appropriate controls are in place to PlDvide reasonable assurance against fraud and error. The following are the key risks deemed by the twstees to be facing thc Society.. - A major iinpaimjenl of th¢ freehold properties, involving subslanlial costs. The effect of increased competition on future income froin the shops and the hall. The possibility th1< I tlie required niimber of volunteei's may not be met. - Future govenunent legislatioii in respect of taxes on ¢harity income and rates relief. All risks are inaiiaged by monitoring by th¢ trustees. Financial risk is monitored via t]ie finance committee by means of a simplified presenthtion of management accounts for easier understanding by the Board. REFEREI NCE AND ADMINISTRATIVE DETAILS Registered Company number 07112241 (England and Wales) ReElsteJ'ed Cliarity niimber 1135262 Registered office 10-13 Preston Street rAVERSHAM Kent ME13 8NS Trustees K Begg J R Carey H Goodwin A J Holden B Kelsey L Mcmahon A L Salmon T D Stonor J West H Wootton M Hatcliwell J Davidson J L Secker L Allison A M Furedi {appointed 30.4.24) D Melville (Signed 30.4.24) Page 4
THE FAVERSHAM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFERKNCE AND ADMINISTIL4TIVE DETAILS Independent Examiner Jonathan Fullarton Bsc (Hons) FCA Mccabe Ford Williams Chartered A¢¢ountanls Charlton House Dour Street DOVER Kent CT16 IBL This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. 0110612025 Approved by order of the board of trustees on............................................. andsigned on its behalf by: A M Furedi - Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FAVERSHAM SOCtETY Independent examiner's report to the trustses of The Faversham Soeiety (Ithe CompAny') I report to the ¢harity trustees on my examination of the accounts ofthe Company for the year ended 31 December 2024. Responslbllities and basis of report As the charitYs trustees of the Company (and a150 its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of th¢ Companies Act 2006 Cthe 2006 Ad). Having satisfied myselfthat the aGcounls of the Company are not required lo be audited und¢r Part 16 of the 2006 Act and a eligible for independent examination, I report in r¢spe¢¢ of my examination of your charity's accounts as ¢arried out under Section 145 of tho Charities Act 2011 Clhe 2011 Acl,). In carrying out my examination I have followed th¢ Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner'5 statement I have completed my exaniination. I Confirni that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in rcspect of the Company as required by Sedion 386 of tlie 2006 Act. or the a¢counls do not accord with those records. or the accounts do not comply willi the a¢¢ounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordaiice with the methods and principles of the Statement of Recommended Practice for acwunting and reporting by Charities (applicable to charities preparing their a¢¢ounls in accord]¢¢ with the Financial Reporting 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 to which attention should be drdwn in this report iii oidei. to enable a proper understanding of the a¢counts to be iEached. Jonalln Fullarton BSC (Hons) FCA M¢Cabe Ford Williams Charteitd Accountants Charlion House Dour Street DOVER Icent CT16 IBL Dale.. Page 6
THE FAVERSHAM SOCIETY srATEMENf OF FINANCIAL ACTIVITIES ONCORPORATING AN INCOME AND EXPENDITURE ACCOUNV FOR TIIE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds UT]restrict funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and l¢gaGi¢s 21,825 21,825 22576 Charfitable activities Charitable activities 23,310 23,310 22,135 Other trading activities Investment income 40,874 39,154 40,874 39,154 45,423 29.038 Total 125,163 125,163 119,172 EXPEI NDrruRE ON Chfii'itfible #ctSvltles Charitable activities 97,213 520 97,733 96,335 NET INCOMEI(FXPENDI'I'URE) 27,950 (520) 27,430 22,837 REC'ONCILIATION OF TrUNDS Total funds brought fonvard 1,204,293 56,913 1,261,206 1,238,369 TOTAL FUNDS CARRIEI D FORWARD 1,232,243 56,393 1,288,636 1,261,206 The iioles form part of these financial statements Page 7
THE FAVERSHAM SOCIETY BALANCE SHEKT 31 DECEMBER 2024 2024 2023 Notes FIXED ASSETS Tangible assets 14 484,064 494,163 CURRENf ASSETS Stocks Cash at bank 15 3,758 8,814 3,856 763,187 804,572 767,043 NET CURRENT ASSETS 804,572 767,043 'roTAL ASSETS LESS CURREwr LIABILI'I'IES 1,288,636 ,261,206 NET ASSETS 1,288,636 1,261,206 FUNDS Unrestricted fijnds Restriclcd funds 17 1,232,243 56,393 1,204,293 56,913 TOTAL FUNDS 1,288,636 1,261,206 Tlie charitable company is entitled to exemption from aiidit under Se¢lion 477 of the Companies Act 2006 for the year ended 31 December 2024. The members l)ave not requir¢d the company to obtain an audit of its financial statements for the year ended 31 D¢¢¢mber 2024 in accordance with Section 476 of the Companics Act 2006. The trustees a¢knowledge their responsibilities for (a) eiisuring that the charitable company keeps aoUnting r¢¢ords Ilial comply with Sections 386 and 387 of Ilie Companies Act 2006 and pi'eparing financial stat¢mciits whlch giv¢ 1¢ tiu¢ aiid fair view of the stale of affairs of11)e charitabl¢ ¢ompany as at the end of each financial year aiid of ils surplus or d¢fi¢i¢ for each finai)¢ial year in accordaiice with the rcqiiiremei)Is of Sections 394 ai)d 395 and which olhenvise comply with the requiirments of the Compai)ies Act 2006 relating to financial statements, so far as applicable to the charitable MpanY. (b) These financial slalement5 have been prepared in accordance with the provisioiis applicable to charitable companies siibjecl to the small companies regime. The financial statements were approved by the Boatyl of TrLlStces and authorised for issue 0110612025.. and were signed on its behalf by: on A- frf4, A M Furedi - Trustee The not¢5 form part of these finan¢ial ststem¢nts Page 8
THE FAVERSHAM SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 GKNllR INFORMATION The Faversham Society is a company limited by guarantee in England & Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited Éo £10 per member of tlie charity- 'fhe address of the registered oifice is given in Ili¢ R¢pgrt of the Trustees of these finan¢ial statements. The nature of the charity's operations and principal activities are to educate the public in the geography, history. natural history and ar¢hite¢ture in the Favetsham and surrounding are&8. ACCOUN I'ING POLICIES Bnsis of preparing the fjnanciAI statements The fmancial slalemenls of the charitable company, which is a piibli¢ benefit entity under FRS 102, have been prepared in a¢¢ordan¢e with the Charities SORP {FRS 102) 'AccoLiiiling and R¢porting by Charities: Statement of Recommended Practice applicable to Charities preparing their accoiints in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (fRS 102) (effe¢live l January 2019),, rinancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements do not inolude a ¢ash flow slalemenl on the basis that fRS 102 Section IA is being applied. lThe financial statements are prepar¢d on a going ¢on¢crn ba818 iindcr the historical cost convcntion, modified to inGludg certain items at fair value. "rhe financial slalemcnls arc presented iii sterling which is the functional ciirrency of the charity and roiind¢d to the nearest £1. The tnjstees nre of the view that the charity holds sl11¢1¢nt reserves to fund activities for several years in the absence of any inconie, ttnd so the going coiiceiii basis is appropriate. The sigynificanl accountiiig policics appliud in the preparation of these financial slalements are set out b¢low. "I'hese policies have be¢ii consistently applied lo all yeAi's presenled unless Othe18e slated. Incom¢ All ii)come is I'ecognised iii the Statement of F4inancial Activities oncc the charity has entillemeiit lo the fLinds, it is probable Iliat the iiicome will be received and Ilie amount can be measuird reliably. All grants, donations and legacies are accounted for gross when receivable. Income from other charitable activilics are accounted for when eamed. No amount is included in the fii)ancial slatemenls for volunteer time iii line with SORP (FRS 102). Fiirthei. detail is glven in th¢ Report of th¢ Trustees, ExpenditlllT And creditors Resoiii'ces expended are recognised iii the period in which they are inCUtd. Resourccs expcnded include attributable VAT wliich cannot be recovei'ed. Charitable activities comprise those costs incurred by the charity in the delivery of its activities and thos¢ costs of an indirect natll necessary to support them. Governance wsts in¢lude those costs associatcd with meeling the constitutional and statutory reqLiirements of the charity and include thc cost of preparing the annual a¢¢ounts and independetlt examiners fee. Creditors with no stated int¢trst rate and payable within one year are recorded at transaction price. Taiigible fixe(l llsseÉs Depreciation is provided at the following annual rates in order to write off each asset over its estimated iiseful life. Page 9 ¢on¢inued...
THE FAVERSHAM SOCIETY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEIIIBER 2024 AccouiYfiNG POLICIES- eontinued Tangible fixed assets Land and buildings Office equipment 20/0 on cost (buildings) and nil (land) 200/0 on cost Stocks Stock Consists of publications and memordbilia and is valued at the lower of cost and net realisable value. No account has been tsken of donated second hand book stocks at the year end. Taxation The charity is exempt from corporation tax on its ¢hAritable aGlivities. Fund aceoiintlng Unrestricted fimds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fi]nds Can only be used for parti¢ular restricted puOSe5 withitl the objects of the charity. Reslri¢tions arise when specified by the donor or when funds are raised for particular reslricled PiloSes. Furth¢r explanation of the nature and purpose of ea¢h fund is included in the notes to the financial stslements. Heritage Assets The Society holds a niinibcr of heritage assets which are not included on the balance sheet. being items Ii¢ld on display in the Fleur d¢ 14iS Il¢rila¥e Ceiilre. The li'uslees wnsider that the cost of valuing the assets would be onerou5 compared to the benefits. They are held for the benefit of the charity and are not likely to be realised for cash. DONATIONS AND LLGACIES 2024 2023 Donations and gifts Members siibscripiions Fundraising activities 9,454 8,937 3,434 4,475 9,539 8,562 21,825 22,576 OTIIER TRADING AcfiviTIES 2024 2023 Fiii)draising events Visitors thfornialion Centre 40,874 41,823 3,600 40,874 45,423 DLirAng the year the charitable comp<iny received £NlL (2023 - £3,600) in local government grants. Page 10 continued...
THE FAVERSHAM SOCIETY NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 DECKMBER 2024 INVESTMENf INCOME 2024 2023 Rents received D¢posil acwunt interest 8,687 30,467 7,717 21.321 39.154 29,038 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Charitable &ctiviti¢s Charitable activities Cliaritable activities Shop sales and commission Museum admissioi)s Hall hire and car park rental 17,813 5,017 480 19,114 2,501 520 23,310 22,135 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 8) Support ¢osls (see note 9) Tolals Charitable activities 84,197 13,536 97,733 DIIIEcf COSTS ofi CFIARITABLCI ACTIVITIES 2024 2023 Water rales Insura])ce Llectricity and gas Photocopying and slationeiy Postage <1nd telephone Advertising and proinotions Repairs and maintenance Books, gifts, et¢ Consei'vation and acquisition Safety and se¢urity FaveiBham oiilreach Opeii Faversl)am Archaeology Development appeal ¢osls 4,805 13,933 11,202 4,567 3,057 2,232 17,623 13,137 2,796 5,609 13,299 9,213 2,809 2,697 1,905 15.528 12,685 4,146 3,158 10,604 3,972 1,936 1,397 3,540 84,197 81,653 Page 11 continlied...
THE FAVERSHAM SOCIETY NufES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 SUPPORT cosrs Governance costs Finance Other Totals Charitable activities I,ioo 10.099 2,337 13.536 io. OTHER 2024 2023 Support costs 13.536 14,682 ii. NET INCOMEI(EXPENDITURE) Net incomel{expendilure) is stated aft¢r chargingl(crediting): 2024 2023 Depreciation- owned assets Independent examitters f¢e Legal fees 10,099 1,542 795 10,099 1,380 1.050 12. 'I'RusfEES' REMUNLIiA'I'ION AND BENEFITS Thcre were no Ii'uslees, remunei'alion or oilier benefits for the year ended 31 Deccmbcr 2024 nor foi. the year ended 31 Deceniber 2023. Trii$tees' expe118es 'rhere were no trustees, expenses paid for the year ended 31 December 2024 nor for th¢ year ended 31 December 2023, 13. COMPARATIVES FOR THE STATEMENT ofi FINANCIAL ACTIVI'I'IKS Uiiresti'icted nds Restricted funds Total funds INCOME AND ENDOWMENI'S TrROM Donations and lega¢Aes 22,576 22,576 ChAVltable activities Charllable activities 22,135 22,135 Other trading Etclivities Investinenl inc4)me 45,423 29,038 45,423 29,038 Total 119,172 119,172 EXPENDITURF ON Chni-itable llctivities Charitable aclivities 96,118 217 96,335 NET INCOMEI(EXPENDITURE) 23,054 (217) 22.837 Page 12 ontiniied...
THE FAVERSHAM SOCIETY NOTES TO THE FINANCIAL STATEMENfs - continued FOR THE YEAR ENDED 31 DECEMBER 2024 13. COIIqPARATIVES FOR THE STATEIVIENT OF FINANCIAL ACTtVlTIES. continlled Unreslricled Restricted funds funds Total funds RECONCILIATION OF FUNDS Totsl funds brought forward 1,181.239 57,130 1238,369 T(yfAL fiUNDS CARtuLD VORWARD 1,204,293 56,913 1,261,206 14. TANGIBLE FIXED ASSETS Lmd and buildings Office equiptnent Totals COST At l January 2024 and 31 De¢¢mbei' 2024 617,827 14,249 632,076 DEPRECIATION At l January 2024 Charge for year 126,793 9,056 11,120 1,043 137,913 10,099 At 31 December 2024 135,849 12,163 148,012 NET BOOK VALUE At 31 Deceinber 2024 481,978 2,086 484,064 At 31 Deceniber 2023 491,034 3,129 494,163 Land with a market valiie of £165,000 is not depreciated. Property held for investment puiyoses forn)s pa]'l of 11)e biiilding capit'alised aiid held for charitabl¢ pui'poses. rhe investsn¢iii properly coinponent Ilas not been sliown sepaj'alely as ilie fair vtilii¢ of th¢ con)pon¢nl cftnnot be measured reliably without undue cost or effoit. 15. STOCKS 2024 2023 Stocks 3,758 3,856 16. ANALYSIS OF NET ASSETS IIFTWEEN FUNDS 2024 Tot<il funds 2023 Total funds Unyestricted riinds Restricted funds Fiixed assets Cun'ent assets 484,064 748,179 484,064 804,572 494,163 767,043 56,393 1,232,243 56,393 1,288,636 1,261,206 Page 13 continued...
THE FAVERSHAM SOCIETY N(YfES TO THE FINANCIAL STATElNTs- continued FOR THE YEAR ENDED 31 DECEMBER 2024 17. MOVEMENT IN FUNDS Transfers between funds rnovement in funds At 31.12.24 At 1.1.24 Unrestricted funds G¢neral lld Propety Restoration fund Le8a¢ics fijnd Arden's House 665,661 67,208 471,424 21950 688.611 67,208 471,424 5,000 5,000 (5,000) 5,000 1204,293 27,950 1232,243 Restricted fiinds Arden's HOle Land Fund Arthur Percival Memorial Museum Fund 371 46,075 520 9,947 371 46,075 {520) 9,947 56,913 (520) 56,393 IDTAL FUNDS 1,261,206 27,430 1,288,636 Net movement in nds, included in the above are as follows.. Incoming resoiirces Resources expended Moveinent in fiinds Unrestricted funds General fuiid I.egacies fiind 120,163 5,000 (97,213) 22,950 5,000 125,163 (97,213) 27,950 Restrieted fiinds Aitliiii. Percival Memorial (520) (520) TOTAL FUNDS 125,163 (97,733) 27,430 Pag¢ 14 ontinued...
THE FAVERSHAM SOCIETY NiyfES TO THE FINANCIAL sfATEMENTS- continued FOR THE YKAR ENDED 31 DECEMBER 2024 17. MOVEMENT IN FUNDS- eontinued Comparatives for movement in funds Net movement in funds Transfers betwe¢n funds At 31.12.23 At 1.1.23 Unrestricted funds General thnd Property Restordtion fund Legacies fvnd 663,802 47,208 470,229 21,859 (20,000) 20,000 665,661 67,208 471,424 1,195 1,181,239 23,054 1,204,293 Res¢rieted funds Arden's l-louse Land Flind Arthur Percival Memorial Museum Fund 371 46,075 737 9,947 371 46,075 520 9,947 (217) 57,130 (217) 56,913 TOTAL FUNDS 1,238,369 22,837 1,261,206 Comparative net movoment in funds, included in the above are as follows., Incoming resources Resources expended Movement in ndS Unro8tricte(I funds GLncrnl flind L¢ga¢ies fund 117,977 1,195 (96,118) 21,859 1,195 119,172 (96,118) 23,054 Restricted fui)ds Arthiir Percival Memorial (217) (217) TOTAL FUNDS 119,172 (96,335) 22,837 estiicled fiinds The Arden's Hoiise fund was set up to provlde for tl)e preventioii of deterioration lo the fabric of Ardcn's House. The Land fund was set up to preserve for posterity selected sites within the Iiaversham area. The Arthur Percival Memorial fund is a fund set up in memory of tlie late Arthur Percival, to preserve the ar¢hives of the late Arthur PerLival for active use in the Society's educational programme. The Museum Fund comprises of a legacy received in the year and will be used for the preservation and display of the Osborn plaque collection and lo presetve free entry to thc mliseum with donation boxes for visitors. Desi ated funds Property maintenance fiind is to prevent the deterioration of the properties. The LegRcies fiind comprises legacies Teceived by the charity which aTe designated by the IrLlStees for a partIlIar purpose. Diiring the year £5,000 was designated to be used for tlie prevention of deterioration to the fabric of Arden's House. Page 15 continued...
THE FAVERSHAM SOCIETY N(yfES TO THE FINANCIAL STATEMENfs - continued FOR THE YEAR ENDED 31 DECEMBER 2024 18. RELATED PARTY DISCLOSURES There We no related paty transactions for the year cnded 31 Dec¢mber 2024. Page 16
THE FAVERSHAM SOCIETY DETAILED STATEMEiYf OF FINANCIAL ACTIVITILS FOR THE YEAR EIWED 31 DECEMBER 2024 2024 2023 INCOME AYJ D k]YDOWMENTS DonRtion$ and l¢gei¢s Donations and gifts Members subscriptions Fundrnising activities 9,454 8,937 3,434 4,475 9,539 8,562 21,825 22,576 Other trding activities Fundraising events Visitors Information Centre 40,874 41,823 3,600 40,874 45,423 Investment income Rents received Deposit account interest 8,687 30,467 7,717 21,321 39,154 29,038 Cliarltabl¢ ftc¢ivltie8 Shop salcs and conimis5ion Mus¢uni admissions 14all l)ilE and caj. park reiilal 17,813 5,017 480 19,114 2,501 520 23,310 22,135 Total Incomiiig resources 125,163 119,172 XPENDITIJRE CharitAble &etivities Watei. rates Insiii'ance Fleclricily and gas Phot(Kopyiiig and stationery Postage ai)d t¢l¢phon¢ Advei'lisiiig and proinolions Repairs ai)d Inainlenlince Books, gifts, etc Consetvatioi) and acquisition Salely and security I'-Rversham outreach Open Faversham Archaeology Developinenl appeal costs 4,805 13,933 11,202 4,567 3,057 2,232 17,623 13,137 2,796 5,609 13,299 9,213 2,809 2,697 1,905 15,528 12,685 4,146 3,158 10,604 3,972 ,936 1,397 3,540 84,197 81,653 This page does not fomi part of the statutory flliancial statements Pag¢ 17
THE FAVERSHAM SOCIETY DETAILED STATEMENT OF FINANCIAL AcfNITIES FOR THE YEAR ENDED 31 DECEMBER2024 2024 2023 Support costs Flnance Bank charges I,ioo 2.153 Other Buildings depreciation Office equipment d¢pr¢Giation 9,056 1.043 9.056 1,043 10,099 10,099 Governance costs Independent examinels fees Legal fees 1,542 795 1,380 1,050 2,337 2,430 Total resources expended 97,733 96,335 Net Income 27,430 22,837 This page does not forni part of the statutory financial statements Pag6 18
REGISTrKED COMPANY INUMBER: 07112241 (England and Wales) REGISTE¢ D CHARrfY NUMBER: 1135262 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE FAVERSHAM SOCIETY (A COMPANY LIMITED BY GUARANTEE) Mccabe Ford Williams Chartered Accounlanls Charllon House Dour Street DOVER Kent CT16 IBL
THE FAVERSHAM SOCIETY CONfENfs OF TIIE FINANCIAL STATEMKIYTS FOR"fHE YEAR ENDED 31 DECEIViBKR 2024 Pgge Report ofthe Trustees Independent ExAminer'5 Report St&tement of Financial Activities Balance Sheet Notes to the Financial Statements 9 to 16 Detailed StAtemcnt of Fin&nclal Activities 17 10 18
THE FAVERSHAM SOCIETY REPORT OF TIIE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the fmancial statements of the charity for the year ended 31 December 2024. The trustees have adopted the PTovÈsions of Accounling and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in acc4)rdance with the Fiiiancial Reporting Stalldard applicable in th¢ UK and R¢publi¢ of [land (FRS 102) (effeclive l January 2019). ORIECTIVES AND ACTIVITIES Objec¢ives and Aims The Society is ¢stablished for the public benefit for ihe following purwse in the area comprising Faversham and its surroundings, referred to as the "area of benefit" i) to ediicate the public in the geography, history, natural history and architecture of the area of benefit. ii) to se¢ur¢ the preservation, protection, development and improvement of features of historic or public interest in the area of benefit. iii) to preserve for the people of the area and of the nation, the historic arcliilecture and constrnclional heritage that may exist in Ilie area of benefit in biiildings (incliiding any biiilding defined in Se¢¢ion 336 of the Town & Country Plant)ing Act 1990) of particular beaLIty or historical, arcliitectural or conslrliclional int¢r¢st. iv) to prornote high standards of planning and architecliire in or affecting the area of benefit. Significnnt A¢tlvltles The Society owns, maintains and operates a complex of buildings in Preston Street known collectively as the Fleur de Lis Heritage Centre. The Lomplex contains: - a museum - the largest in the Borough of Swale - a gallery for temporary exhibitions, organised by the Society - a second-hand bookshop that generales inLome for the Sociely a large reprographic facility to enable in-house publication, for example, of the Society's I'enowned series of over one liundred "Faversham Papers" a comprehenslve local histoiy library, built up ovei. Inany years, used for educattonal and infornlation Plirposes well-equipped offices for the iise of Council and Committee members lo conduct the Society's affait3 in a i>rofessional mann¢r an Attractive walled garden where vtsitors may see a bealiti]lY restored late Go)rgian shop-ftDnl, onc¢ at No 4 Market Place, and wovered by Ilie Society from a rnUSCLini in Chicago USA. - The Faversham Society Archaeological R¢sear¢h Group (FSARG) digs in a different place eftch year and displays, and publishes on, its find. The Society rents space foT Its VIC and shop on the groiind floor of t]ie Town Hall in Élle marketplace. a Residents and Visitors Inforniation Cenlre (VIC) for the entire Boroiigh, Swale Borough Coui)cil no longei. provides financial support, a gift shop selling good qiialily articles, many of them with local intcrcst or content The Society produces a monthly newsletter that is available to members in hurd copy, by einail or througl) the website www.faversham.org Thc Society al80 publishes an anniial review of all its activities, compiled r]K>m the wrilien reporh of those resnsIble for desigiiated fiinclions and activities, e.g. the well regarded "Secret Garden s¢hem¢, the Town Walks, the Museum, the wot* of the "Faversham Historians" and the Environment and Plallning committee. This report is distributed to all members free of charge and is availabl¢ online. Page I
THE FAVERSIIAM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR KNDED 31 DECEMBER 2024 oKIEcrivES AND AcfIviTIES Publlc benefit The Society is one of the largest and most active of its kind. The Society continues to pursue th¢ wide range of activities of earlier years, including th¢ provision of Iielp, advice and information to the general publiG The TrusÈ¢e5 confinn that they have mplIed with Se¢tion 4 of the Charities A¢t 2011 in having due regard for the Charity Commission's general guidanc¢ on publi¢ benefit. Volunteers The Society has no paid staff, and relies upon a large number of voluiiteers, who give generously of their time to enable the Society to achieve its aims and objectives. ACHIEVEMENT Al PERFORMANC ChAritable aCtItI$ and lutiire plAns We have carried out activities in line with our obectives thi5 year. In accordan¢e with the Board's commilment, al the 2024 AGM, to Consult and rcflect the views of the membership a packed Ineeting in the Assembly Room of more than 100 members, on 28th October, heard different perspe¢lives from: H¢l¢n Whalely MP. FTC Cllr Josh Rowlands. SBC Cllr Julien Speed. Harold Goodwin speaking for Faversham Community Land Thist and Carol Goatham for Fanns, Fi¢lds & Fresh Air. It was an informed and reasoned disciission, during whi¢h n)any members contributed verbally, and in writing leaving the Board in no doubt ihat those who engaged with the issue wished us to Plirsue an approach that was reflected in a motion passed nem con at a meeting of Trustees tlle following ev¢nin8. "The So¢iety supports the development of affordable hom¢s but remains opposed io all large developments on greenfield siles. When d¢v¢lopmenls are proposed we will engage with stakeholders to minimi5e the risks and maximise the benefits to our town." In veiy positive news, a focus on volunteer reciuitment has resulted in a more society membeftB offeriiig their time on a regiilar basis. We are incredibly grateftil to all who contribute lo our work in this way. Oui. volunteers are Ilie lifeblood of the So¢ioty and we wouldn't be able to achieve so mucli wiÉhoiit them. The volunteer spirit and commitment is ¢aptiired through every Icvel of work.. Trustees, manager8 and those who sÉaff the book shop and Visitor Jnforniation Cenlre, organise activities such the popular town walks and ar¢haeologi¢al digs, sliidy plannii)g Appli¢alions, submit responses on oiir behalf, and maintain tlie museum collections, archives and libraries, and who write edit and produce the iiewsletters and reports. The education of Faversham r¢sidents and visitors alike about the town's history and traditions remains '¢ore biisiness,. We achieve this throiigh our Museum which will continue lo benefit from renovation w0S in the comiiig year, oiir oulr¢ach activities such as town walks and MM¢mOr¢i¢lVc days, and r¢gular discussions and tslks. 'The monthly ncwsleller iipdat¢5, amuses and reflects the diverse interests of our membcJB. Given thc potential changes to our local landscape as a conseqllen¢e of proposed laigescale dcvelopments, and the challenges of retaining our heritage while welcoming new residents in this context, the Society lakes seriously it's commitments to engage with and infomi public discussion on the advantages and disadvantages of proposals. Finally, mAny niembers of the Board, particulw'ly Harold Gi)odwin, made instrumenlal contributions Éo the Favershajn Town Plaii en511ring that the Society's priorities and concerns were considered. Page 2
THE FAVERSHAM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW Financial review The Society has had another excellent year thanks to the continued efforts of all of our volunteers. with income from all our diverse resources reaching £125k. Our bookshop raised almost £41k and we collected a little over £5k from donations from visitors to the museum. We continu¢d to b¢n¢fit from hier interest rates whith brought in £30k of bank int¢r¢st. Our expenditure was well within budget, so we were able to cany fonvard a surplus of jiist over £27k to our reserves. Whilst the expenditure is down for the year much of this "underspend" relales to costs on projects that we will s¢¢ i 2025 accounts. The TNstees will continue adhere to the principles of proper budgetary control and financial management in 2025 and future years in order lo provide a firn) flnancial basis for the continuance of the conservation and uCatIon work of the Society. The Tnistees acknowledge with thanks the legacies, grants and donations to the Society frnm: the Estate of Mike Henden dee'd (£5k), Sir John Swire 1989 Charitable Tnist ]d the collaborative financial work with fiaversham Town Council. Reserves policy lThe 'l'ruslees consider diat an appropriate minimum level of free reSe¢S should be an amount represenling six months core expenditure. This allows soine flexibility for the So¢i¢ty to deal with delays or withdnwal of funding, or un¢xpc¢t¢d additional coslq. T]ie level of free reserves (net current assets) al th¢ balan¢¢ sheet dale is £804,572 (2023 £767,043) exceed tlie minimum requirement, providing financial slabilily lo enable Ihc Society to cary out its aims and objectives. Free reserves included £56,393 (2023 - £56,913) held for restricted puwoses. STRUCTURE, GOVERNANCE AND MANAGEMTr NT Governing documeiit The charity is coiilrolled by its goveining document, a deed of Irusl, and constitutes & liiniled company, limited by guarantee, a8 defined by the Companies Acl. 2006. Tlie Society is a compaiiy limited by giiarantee, as defined by tlie Coinpanies Act 2006. Its goven)ii)g docuinent is its Meinornndiiin and Articles of Association, dated 23 De¢¢inber 2009, as agreed by Sp¢¢ial R¢solutions 011 24 FebNiary 2010 and amended by Special Resolution on 23 April 2014 and 13 April 2016. Thc chailllable CoMp]Y has no share capital, but iindcr thc Icmis of tlie Memorai)diin) of A%$tatIOn, every meinbcr 18 liable to conli-ibute a 511m not exceeding £10 in the ¢v¢n¢ of th¢ ¢omp<iUy beii)g woiiild up while he or she is a menibci., or within one year after he or she ¢eases to be a member, for thL payment of the debts and liabilities of the company contracted before he or she ceased to be a member. and th¢ ¢osts, ¢harges niid expenses of winding up. Reci'uitment And ftppointment of new trustees The Society typically ¢irciil<11es an invitatioii to all members to nominate tsleeS prior to the AGM, advising them of the retiring trustccs tllid reqiieslliig noininti0nS for the AGM. From lime to time, the Board a150 Irviews whether there are any additiotl<il or spe¢ialist skills that would be beneficial to havc on the Board. it then seeks to identify potential new trLlStecs who will briiig Iliose skills and the Board may then appoint new tn15lees. New Itwstees iindergo an orientation day to brief them 01) their legal obligations under charity and company law, the content of the Memorandum and Articles of Associalion, the committee and decision making processes, the business plan and recent finan¢ial performance of the Society. Page 3
THE FAVERSHAM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBKR 2024 STRUCTURE, GOVERNANCE AIYD MANAGEMENT Organisational structur¢ The Society's governing b(Kly is the Board of Directors and Trustee8. whose members are elected by the members of the Society. Trnstees meet quarterly. Any resolutions submitted to a meeting shall b¢ d¢¢ided by a majority vote of the trustees pr¢sent at a m¢eting. but the chairman shall have a second or casting vote. Minutes are taken at each meetin ¢ir¢ulated to trustees along with action points and responsibiliti¢5, and kept as a record. A subcommittee of the Directors and Trustees meets as regularly as necessary to conduct the administration of the iety and reports to the Board, All policy decisions and planning interventions are passed by the 11 Board, by email if necessary. Risk iEview The Trustees have a duty to identify and review risks to which the So¢i¢ty is exposed and to ensure appropriate controls are in place to PlDvide reasonable assurance against fraud and error. The following are the key risks deemed by the twstees to be facing thc Society.. - A major iinpaimjenl of th¢ freehold properties, involving subslanlial costs. The effect of increased competition on future income froin the shops and the hall. The possibility th1< I tlie required niimber of volunteei's may not be met. - Future govenunent legislatioii in respect of taxes on ¢harity income and rates relief. All risks are inaiiaged by monitoring by th¢ trustees. Financial risk is monitored via t]ie finance committee by means of a simplified presenthtion of management accounts for easier understanding by the Board. REFEREI NCE AND ADMINISTRATIVE DETAILS Registered Company number 07112241 (England and Wales) ReElsteJ'ed Cliarity niimber 1135262 Registered office 10-13 Preston Street rAVERSHAM Kent ME13 8NS Trustees K Begg J R Carey H Goodwin A J Holden B Kelsey L Mcmahon A L Salmon T D Stonor J West H Wootton M Hatcliwell J Davidson J L Secker L Allison A M Furedi {appointed 30.4.24) D Melville (Signed 30.4.24) Page 4
THE FAVERSHAM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFERKNCE AND ADMINISTIL4TIVE DETAILS Independent Examiner Jonathan Fullarton Bsc (Hons) FCA Mccabe Ford Williams Chartered A¢¢ountanls Charlton House Dour Street DOVER Kent CT16 IBL This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. 0110612025 Approved by order of the board of trustees on............................................. andsigned on its behalf by: A M Furedi - Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FAVERSHAM SOCtETY Independent examiner's report to the trustses of The Faversham Soeiety (Ithe CompAny') I report to the ¢harity trustees on my examination of the accounts ofthe Company for the year ended 31 December 2024. Responslbllities and basis of report As the charitYs trustees of the Company (and a150 its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of th¢ Companies Act 2006 Cthe 2006 Ad). Having satisfied myselfthat the aGcounls of the Company are not required lo be audited und¢r Part 16 of the 2006 Act and a eligible for independent examination, I report in r¢spe¢¢ of my examination of your charity's accounts as ¢arried out under Section 145 of tho Charities Act 2011 Clhe 2011 Acl,). In carrying out my examination I have followed th¢ Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner'5 statement I have completed my exaniination. I Confirni that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in rcspect of the Company as required by Sedion 386 of tlie 2006 Act. or the a¢counls do not accord with those records. or the accounts do not comply willi the a¢¢ounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordaiice with the methods and principles of the Statement of Recommended Practice for acwunting and reporting by Charities (applicable to charities preparing their a¢¢ounls in accord]¢¢ with the Financial Reporting 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 to which attention should be drdwn in this report iii oidei. to enable a proper understanding of the a¢counts to be iEached. Jonalln Fullarton BSC (Hons) FCA M¢Cabe Ford Williams Charteitd Accountants Charlion House Dour Street DOVER Icent CT16 IBL Dale.. Page 6
THE FAVERSHAM SOCIETY srATEMENf OF FINANCIAL ACTIVITIES ONCORPORATING AN INCOME AND EXPENDITURE ACCOUNV FOR TIIE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds UT]restrict funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and l¢gaGi¢s 21,825 21,825 22576 Charfitable activities Charitable activities 23,310 23,310 22,135 Other trading activities Investment income 40,874 39,154 40,874 39,154 45,423 29.038 Total 125,163 125,163 119,172 EXPEI NDrruRE ON Chfii'itfible #ctSvltles Charitable activities 97,213 520 97,733 96,335 NET INCOMEI(FXPENDI'I'URE) 27,950 (520) 27,430 22,837 REC'ONCILIATION OF TrUNDS Total funds brought fonvard 1,204,293 56,913 1,261,206 1,238,369 TOTAL FUNDS CARRIEI D FORWARD 1,232,243 56,393 1,288,636 1,261,206 The iioles form part of these financial statements Page 7
THE FAVERSHAM SOCIETY BALANCE SHEKT 31 DECEMBER 2024 2024 2023 Notes FIXED ASSETS Tangible assets 14 484,064 494,163 CURRENf ASSETS Stocks Cash at bank 15 3,758 8,814 3,856 763,187 804,572 767,043 NET CURRENT ASSETS 804,572 767,043 'roTAL ASSETS LESS CURREwr LIABILI'I'IES 1,288,636 ,261,206 NET ASSETS 1,288,636 1,261,206 FUNDS Unrestricted fijnds Restriclcd funds 17 1,232,243 56,393 1,204,293 56,913 TOTAL FUNDS 1,288,636 1,261,206 Tlie charitable company is entitled to exemption from aiidit under Se¢lion 477 of the Companies Act 2006 for the year ended 31 December 2024. The members l)ave not requir¢d the company to obtain an audit of its financial statements for the year ended 31 D¢¢¢mber 2024 in accordance with Section 476 of the Companics Act 2006. The trustees a¢knowledge their responsibilities for (a) eiisuring that the charitable company keeps aoUnting r¢¢ords Ilial comply with Sections 386 and 387 of Ilie Companies Act 2006 and pi'eparing financial stat¢mciits whlch giv¢ 1¢ tiu¢ aiid fair view of the stale of affairs of11)e charitabl¢ ¢ompany as at the end of each financial year aiid of ils surplus or d¢fi¢i¢ for each finai)¢ial year in accordaiice with the rcqiiiremei)Is of Sections 394 ai)d 395 and which olhenvise comply with the requiirments of the Compai)ies Act 2006 relating to financial statements, so far as applicable to the charitable MpanY. (b) These financial slalement5 have been prepared in accordance with the provisioiis applicable to charitable companies siibjecl to the small companies regime. The financial statements were approved by the Boatyl of TrLlStces and authorised for issue 0110612025.. and were signed on its behalf by: on A- frf4, A M Furedi - Trustee The not¢5 form part of these finan¢ial ststem¢nts Page 8
THE FAVERSHAM SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 GKNllR INFORMATION The Faversham Society is a company limited by guarantee in England & Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited Éo £10 per member of tlie charity- 'fhe address of the registered oifice is given in Ili¢ R¢pgrt of the Trustees of these finan¢ial statements. The nature of the charity's operations and principal activities are to educate the public in the geography, history. natural history and ar¢hite¢ture in the Favetsham and surrounding are&8. ACCOUN I'ING POLICIES Bnsis of preparing the fjnanciAI statements The fmancial slalemenls of the charitable company, which is a piibli¢ benefit entity under FRS 102, have been prepared in a¢¢ordan¢e with the Charities SORP {FRS 102) 'AccoLiiiling and R¢porting by Charities: Statement of Recommended Practice applicable to Charities preparing their accoiints in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (fRS 102) (effe¢live l January 2019),, rinancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements do not inolude a ¢ash flow slalemenl on the basis that fRS 102 Section IA is being applied. lThe financial statements are prepar¢d on a going ¢on¢crn ba818 iindcr the historical cost convcntion, modified to inGludg certain items at fair value. "rhe financial slalemcnls arc presented iii sterling which is the functional ciirrency of the charity and roiind¢d to the nearest £1. The tnjstees nre of the view that the charity holds sl11¢1¢nt reserves to fund activities for several years in the absence of any inconie, ttnd so the going coiiceiii basis is appropriate. The sigynificanl accountiiig policics appliud in the preparation of these financial slalements are set out b¢low. "I'hese policies have be¢ii consistently applied lo all yeAi's presenled unless Othe18e slated. Incom¢ All ii)come is I'ecognised iii the Statement of F4inancial Activities oncc the charity has entillemeiit lo the fLinds, it is probable Iliat the iiicome will be received and Ilie amount can be measuird reliably. All grants, donations and legacies are accounted for gross when receivable. Income from other charitable activilics are accounted for when eamed. No amount is included in the fii)ancial slatemenls for volunteer time iii line with SORP (FRS 102). Fiirthei. detail is glven in th¢ Report of th¢ Trustees, ExpenditlllT And creditors Resoiii'ces expended are recognised iii the period in which they are inCUtd. Resourccs expcnded include attributable VAT wliich cannot be recovei'ed. Charitable activities comprise those costs incurred by the charity in the delivery of its activities and thos¢ costs of an indirect natll necessary to support them. Governance wsts in¢lude those costs associatcd with meeling the constitutional and statutory reqLiirements of the charity and include thc cost of preparing the annual a¢¢ounts and independetlt examiners fee. Creditors with no stated int¢trst rate and payable within one year are recorded at transaction price. Taiigible fixe(l llsseÉs Depreciation is provided at the following annual rates in order to write off each asset over its estimated iiseful life. Page 9 ¢on¢inued...
THE FAVERSHAM SOCIETY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEIIIBER 2024 AccouiYfiNG POLICIES- eontinued Tangible fixed assets Land and buildings Office equipment 20/0 on cost (buildings) and nil (land) 200/0 on cost Stocks Stock Consists of publications and memordbilia and is valued at the lower of cost and net realisable value. No account has been tsken of donated second hand book stocks at the year end. Taxation The charity is exempt from corporation tax on its ¢hAritable aGlivities. Fund aceoiintlng Unrestricted fimds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fi]nds Can only be used for parti¢ular restricted puOSe5 withitl the objects of the charity. Reslri¢tions arise when specified by the donor or when funds are raised for particular reslricled PiloSes. Furth¢r explanation of the nature and purpose of ea¢h fund is included in the notes to the financial stslements. Heritage Assets The Society holds a niinibcr of heritage assets which are not included on the balance sheet. being items Ii¢ld on display in the Fleur d¢ 14iS Il¢rila¥e Ceiilre. The li'uslees wnsider that the cost of valuing the assets would be onerou5 compared to the benefits. They are held for the benefit of the charity and are not likely to be realised for cash. DONATIONS AND LLGACIES 2024 2023 Donations and gifts Members siibscripiions Fundraising activities 9,454 8,937 3,434 4,475 9,539 8,562 21,825 22,576 OTIIER TRADING AcfiviTIES 2024 2023 Fiii)draising events Visitors thfornialion Centre 40,874 41,823 3,600 40,874 45,423 DLirAng the year the charitable comp<iny received £NlL (2023 - £3,600) in local government grants. Page 10 continued...
THE FAVERSHAM SOCIETY NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 DECKMBER 2024 INVESTMENf INCOME 2024 2023 Rents received D¢posil acwunt interest 8,687 30,467 7,717 21.321 39.154 29,038 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Charitable &ctiviti¢s Charitable activities Cliaritable activities Shop sales and commission Museum admissioi)s Hall hire and car park rental 17,813 5,017 480 19,114 2,501 520 23,310 22,135 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 8) Support ¢osls (see note 9) Tolals Charitable activities 84,197 13,536 97,733 DIIIEcf COSTS ofi CFIARITABLCI ACTIVITIES 2024 2023 Water rales Insura])ce Llectricity and gas Photocopying and slationeiy Postage <1nd telephone Advertising and proinotions Repairs and maintenance Books, gifts, et¢ Consei'vation and acquisition Safety and se¢urity FaveiBham oiilreach Opeii Faversl)am Archaeology Development appeal ¢osls 4,805 13,933 11,202 4,567 3,057 2,232 17,623 13,137 2,796 5,609 13,299 9,213 2,809 2,697 1,905 15.528 12,685 4,146 3,158 10,604 3,972 1,936 1,397 3,540 84,197 81,653 Page 11 continlied...
THE FAVERSHAM SOCIETY NufES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 SUPPORT cosrs Governance costs Finance Other Totals Charitable activities I,ioo 10.099 2,337 13.536 io. OTHER 2024 2023 Support costs 13.536 14,682 ii. NET INCOMEI(EXPENDITURE) Net incomel{expendilure) is stated aft¢r chargingl(crediting): 2024 2023 Depreciation- owned assets Independent examitters f¢e Legal fees 10,099 1,542 795 10,099 1,380 1.050 12. 'I'RusfEES' REMUNLIiA'I'ION AND BENEFITS Thcre were no Ii'uslees, remunei'alion or oilier benefits for the year ended 31 Deccmbcr 2024 nor foi. the year ended 31 Deceniber 2023. Trii$tees' expe118es 'rhere were no trustees, expenses paid for the year ended 31 December 2024 nor for th¢ year ended 31 December 2023, 13. COMPARATIVES FOR THE STATEMENT ofi FINANCIAL ACTIVI'I'IKS Uiiresti'icted nds Restricted funds Total funds INCOME AND ENDOWMENI'S TrROM Donations and lega¢Aes 22,576 22,576 ChAVltable activities Charllable activities 22,135 22,135 Other trading Etclivities Investinenl inc4)me 45,423 29,038 45,423 29,038 Total 119,172 119,172 EXPENDITURF ON Chni-itable llctivities Charitable aclivities 96,118 217 96,335 NET INCOMEI(EXPENDITURE) 23,054 (217) 22.837 Page 12 ontiniied...
THE FAVERSHAM SOCIETY NOTES TO THE FINANCIAL STATEMENfs - continued FOR THE YEAR ENDED 31 DECEMBER 2024 13. COIIqPARATIVES FOR THE STATEIVIENT OF FINANCIAL ACTtVlTIES. continlled Unreslricled Restricted funds funds Total funds RECONCILIATION OF FUNDS Totsl funds brought forward 1,181.239 57,130 1238,369 T(yfAL fiUNDS CARtuLD VORWARD 1,204,293 56,913 1,261,206 14. TANGIBLE FIXED ASSETS Lmd and buildings Office equiptnent Totals COST At l January 2024 and 31 De¢¢mbei' 2024 617,827 14,249 632,076 DEPRECIATION At l January 2024 Charge for year 126,793 9,056 11,120 1,043 137,913 10,099 At 31 December 2024 135,849 12,163 148,012 NET BOOK VALUE At 31 Deceinber 2024 481,978 2,086 484,064 At 31 Deceniber 2023 491,034 3,129 494,163 Land with a market valiie of £165,000 is not depreciated. Property held for investment puiyoses forn)s pa]'l of 11)e biiilding capit'alised aiid held for charitabl¢ pui'poses. rhe investsn¢iii properly coinponent Ilas not been sliown sepaj'alely as ilie fair vtilii¢ of th¢ con)pon¢nl cftnnot be measured reliably without undue cost or effoit. 15. STOCKS 2024 2023 Stocks 3,758 3,856 16. ANALYSIS OF NET ASSETS IIFTWEEN FUNDS 2024 Tot<il funds 2023 Total funds Unyestricted riinds Restricted funds Fiixed assets Cun'ent assets 484,064 748,179 484,064 804,572 494,163 767,043 56,393 1,232,243 56,393 1,288,636 1,261,206 Page 13 continued...
THE FAVERSHAM SOCIETY N(YfES TO THE FINANCIAL STATElNTs- continued FOR THE YEAR ENDED 31 DECEMBER 2024 17. MOVEMENT IN FUNDS Transfers between funds rnovement in funds At 31.12.24 At 1.1.24 Unrestricted funds G¢neral lld Propety Restoration fund Le8a¢ics fijnd Arden's House 665,661 67,208 471,424 21950 688.611 67,208 471,424 5,000 5,000 (5,000) 5,000 1204,293 27,950 1232,243 Restricted fiinds Arden's HOle Land Fund Arthur Percival Memorial Museum Fund 371 46,075 520 9,947 371 46,075 {520) 9,947 56,913 (520) 56,393 IDTAL FUNDS 1,261,206 27,430 1,288,636 Net movement in nds, included in the above are as follows.. Incoming resoiirces Resources expended Moveinent in fiinds Unrestricted funds General fuiid I.egacies fiind 120,163 5,000 (97,213) 22,950 5,000 125,163 (97,213) 27,950 Restrieted fiinds Aitliiii. Percival Memorial (520) (520) TOTAL FUNDS 125,163 (97,733) 27,430 Pag¢ 14 ontinued...
THE FAVERSHAM SOCIETY NiyfES TO THE FINANCIAL sfATEMENTS- continued FOR THE YKAR ENDED 31 DECEMBER 2024 17. MOVEMENT IN FUNDS- eontinued Comparatives for movement in funds Net movement in funds Transfers betwe¢n funds At 31.12.23 At 1.1.23 Unrestricted funds General thnd Property Restordtion fund Legacies fvnd 663,802 47,208 470,229 21,859 (20,000) 20,000 665,661 67,208 471,424 1,195 1,181,239 23,054 1,204,293 Res¢rieted funds Arden's l-louse Land Flind Arthur Percival Memorial Museum Fund 371 46,075 737 9,947 371 46,075 520 9,947 (217) 57,130 (217) 56,913 TOTAL FUNDS 1,238,369 22,837 1,261,206 Comparative net movoment in funds, included in the above are as follows., Incoming resources Resources expended Movement in ndS Unro8tricte(I funds GLncrnl flind L¢ga¢ies fund 117,977 1,195 (96,118) 21,859 1,195 119,172 (96,118) 23,054 Restricted fui)ds Arthiir Percival Memorial (217) (217) TOTAL FUNDS 119,172 (96,335) 22,837 estiicled fiinds The Arden's Hoiise fund was set up to provlde for tl)e preventioii of deterioration lo the fabric of Ardcn's House. The Land fund was set up to preserve for posterity selected sites within the Iiaversham area. The Arthur Percival Memorial fund is a fund set up in memory of tlie late Arthur Percival, to preserve the ar¢hives of the late Arthur PerLival for active use in the Society's educational programme. The Museum Fund comprises of a legacy received in the year and will be used for the preservation and display of the Osborn plaque collection and lo presetve free entry to thc mliseum with donation boxes for visitors. Desi ated funds Property maintenance fiind is to prevent the deterioration of the properties. The LegRcies fiind comprises legacies Teceived by the charity which aTe designated by the IrLlStees for a partIlIar purpose. Diiring the year £5,000 was designated to be used for tlie prevention of deterioration to the fabric of Arden's House. Page 15 continued...
THE FAVERSHAM SOCIETY N(yfES TO THE FINANCIAL STATEMENfs - continued FOR THE YEAR ENDED 31 DECEMBER 2024 18. RELATED PARTY DISCLOSURES There We no related paty transactions for the year cnded 31 Dec¢mber 2024. Page 16
THE FAVERSHAM SOCIETY DETAILED STATEMEiYf OF FINANCIAL ACTIVITILS FOR THE YEAR EIWED 31 DECEMBER 2024 2024 2023 INCOME AYJ D k]YDOWMENTS DonRtion$ and l¢gei¢s Donations and gifts Members subscriptions Fundrnising activities 9,454 8,937 3,434 4,475 9,539 8,562 21,825 22,576 Other trding activities Fundraising events Visitors Information Centre 40,874 41,823 3,600 40,874 45,423 Investment income Rents received Deposit account interest 8,687 30,467 7,717 21,321 39,154 29,038 Cliarltabl¢ ftc¢ivltie8 Shop salcs and conimis5ion Mus¢uni admissions 14all l)ilE and caj. park reiilal 17,813 5,017 480 19,114 2,501 520 23,310 22,135 Total Incomiiig resources 125,163 119,172 XPENDITIJRE CharitAble &etivities Watei. rates Insiii'ance Fleclricily and gas Phot(Kopyiiig and stationery Postage ai)d t¢l¢phon¢ Advei'lisiiig and proinolions Repairs ai)d Inainlenlince Books, gifts, etc Consetvatioi) and acquisition Salely and security I'-Rversham outreach Open Faversham Archaeology Developinenl appeal costs 4,805 13,933 11,202 4,567 3,057 2,232 17,623 13,137 2,796 5,609 13,299 9,213 2,809 2,697 1,905 15,528 12,685 4,146 3,158 10,604 3,972 ,936 1,397 3,540 84,197 81,653 This page does not fomi part of the statutory flliancial statements Pag¢ 17
THE FAVERSHAM SOCIETY DETAILED STATEMENT OF FINANCIAL AcfNITIES FOR THE YEAR ENDED 31 DECEMBER2024 2024 2023 Support costs Flnance Bank charges I,ioo 2.153 Other Buildings depreciation Office equipment d¢pr¢Giation 9,056 1.043 9.056 1,043 10,099 10,099 Governance costs Independent examinels fees Legal fees 1,542 795 1,380 1,050 2,337 2,430 Total resources expended 97,733 96,335 Net Income 27,430 22,837 This page does not forni part of the statutory financial statements Pag6 18