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##
||||Notes|2020|2020|2020|2019|
|---|---|---|---|---|---|---|---|
|||||Restricted|Unrestricted|Total|Total|
|||||6|6|6|6|
|Turnover|||||332,220|332,220|310,587|
|Operating
cosh||||||||
|Direct costs|||||228,969|228,969|262,038|
|Support costs||||100|75,872|75,972|61,468|
|||||(100)|(304,841)|(304,941)|(323,506)|
|Operating
(deficit)/surplus||||(100)|27,379|27,279|(12,919)|
|Other income||||||||
|Donations
and legacies|||||1,435|1,435|9,228|
|Interest
receivable
income|and other|||5,711|42,166|47,877|57,870|
|Gains on investment|disposals||17|1,616|38,982|40,598|23,982|
|||||7,327|82,583|89,910|91,080|
|Other expenditure||||||||
|Interest payable|||14||(16,727)|(16,727)|(16,832)|
|Investment
management
expenses||||(1,553)|(11,561)|(13,114)|(16,070)|
|Grants payable|||6|(3,000)|(570)|(3,570)|(13,998)|
|Governance
costs|||10|(896)|(12,549)|(13,445)|(12,189)|
|(Deficit)/Surplus|for|the year||1I778|68,755|70,333|19,072|
|Unrealised
gains/(losses)
investments||on|17|(4,932)|(35,487)|(40,419)|228,949|
|Total comprehensive
income/
(expenditure)
for the year||||(3,153)|33,067|29,914|248,021|
##
##
|||Revenue|Designated|Restricted|Total|
|---|---|---|---|---|---|
|||Reserves|Reserves|Funds||
|||6||6||
|Balance at 13anuary|2019|2,509,589|361,798|247,957|3,119,344|
|Surplus
/ (deficit) from
statement
ofcomprehensive||96,080|(76,442)|(566)|19,072|
|income||||||
|Unrealised
(losses)/gains|on|168,005|38,381|22,563|228,949|
|investments||||||
|||2,773,674|323,737|269,954|3,367,365|
|Transfer between
funds||(72,629)|72,629|||
|Balance at 31December
2019||2,701,045|396,366|269,954|3,367,365|
|Surplus
/ (deficit) from
statement
ofcomprehensive||141,028|(72,473)|1,778|70,333|
|income||||||
|Unrealised
gains / (loss)
investments|on|(36,720)|1,232|(4,932)|(40,419)|
|||2,805,353|325,125|266,601|3,397,279|
|Transfer between
funds||(56,994)|56,994|||
|Balance at31December
2020||2,748,359|382,120|266,601|3,397,279|
##
##
|||Notes||2020||2019|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible
fixed assets||16||2,181,741||2,169,029|
|Investments||17||2,239,226||2,286,650|
|||||4,420,967||4,455,679|
|Current assets|||||||
|Trade and other debtors||18|86,991||19,711||
|Cash and cash equivalents||27|162,657||190,583||
||||249,648||210,294||
|Creditors: amounts
within one year|falling due|19|(54,486)||(56,767)||
|Net current assets||||195,162||153,527|
|Total assets less current liabilities||||4,616,129||4,609,206|
|Creditors: amounts
after more than one|falling due
year|20||(1,218,850)||(1,241,841)|
|Total net assets||||3,397,279||3,367,365|
##
##
|||A|S AT YEAR ENDED|31DECEMBER 2020||
|---|---|---|---|---|---|
||||Notes|2020|2019|
|Reserves|||24|||
|Revenue|reserve|||2,748,358|2,701,045|
|Designated||reserves||382,120|396,366|
|Restricted||reserves||266,801|269,954|
|||||3,397,279|3,367,365|
##
##
|F|O|RTHE|YEAR ENDED 31|DECEMBER 20|20||
|---|---|---|---|---|---|---|
|||||Notes|2020|2020|
|Net cash generated
from||operating|activities|26|(99,018)|(56,567)|
|Cash flow from investing||activities|||||
|Dividends,
interest and rents||from investments|||47,877|57,870|
|Purchase oftangible
fixed assets|||||(23,213)|(71,202)|
|Proceeds from sales of investments|||||117,783|45,114|
|Purchase of investments|||||(70,180)|(500)|
||||||72,267|31,282|
|Cash flow from financing||activities|||||
|Repayment
of borrowings|||||(1,175)|(1,072)|
||||||(1,175)|(1,072)|
|Net change
in cash and|cash equivalents||||(27,926)|(26,357)|
|Cash and cash equivalents|at beginning||ofthe year||190,583|216,940|
|Cash and cash equivalents||at end|ofthe year|27|162,657|190,583|
##
##
##
##
##
##
##
##
##
|residual|value, over their exp|ected useful
lives|
|---|---|---|
|Freehold|Property|2%|
|Fixtures|and fittings|4%|
|Roofs||80 years|
|Bathrooms||25 years|
|Kitchens||25 years|
|Boilers||20 years|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2020|2020|2020|2019|
|||||f|
|Donations||1,435|1,435|1,228|
|Legacies||||8,000|
|||1,435|1,435|9,228|
|Total2019|830|8398|9,228||
##
|||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2020|2020|2020|2019|
|||||f|f|f||
|Weekly maintenance||contributions|||320,243|320,243|304,940|
|Less: losses from voids|||||(9,736)|(9,736)|(16,066)|
||||||310,507|310,507|288,874|
|Social housing|grant|utilised|in year||21,713|21,713|21,713|
||||||332,220|332,220|310,587|
|Totat2819|||||310587|310,587||
##
|2020|2019|
|---|---|
|69|69|
##
##
##
|Investment|income|||||
|---|---|---|---|---|---|
|||Restdcted|Unrestricted|Total|Total|
|||funds|funds|funds|funds|
|||2020|2020|2020|2019|
|||6|6|6|6|
|Listed investments||5,641|42,002|47,643|57,330|
|Investment|properties||26|26|17|
|Cash||70|138|208|523|
|||5,711|42,166|47,877|57,870|
|Total 2D19||69DD|5D,97D|57,87D||
##
||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2020|2020|2020|2019|
||||f.||6|f.|
|Investment|management|fees|1,553|11,561|13,114|16,070|
||||1,553|11,561|13,114|16,070|
|Total2D19|||1,9D3|14,167|16D7D||
##
||||Grants to|Grants to|||
|---|---|---|---|---|---|---|
||||Institutions|Individuals|Total|Total|
||||2020|2020|2020|2019|
||||f.||6|6|
|Almshouse|&Chapel|Branch|||||
|Relief in Need Branch||||||3,742|
|Education|Branch|||570|570|2,951|
|Faversham
Heritage
Hatch Charity||Fund & Henry|3,000||3,000|4,755|
|Recreation|Branch|||||2,550|
||||3,000|570|3,570|13,998|
|Total 2D19|||12,716|1,282|13998||
##
##
##
||||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|
||||||2020|2020|2020|2019|
||||||B||B|B|
|Almshouse|5Chapel|Branch||||320,870|320,870|349,706|
|Relief in Need Branch||||||271|271|5,54-'l|
|Education|Branch|||||852|852|4,956|
|Faversham
Charity|Heritage|Fund|Br Henry|Hatch|3,100||3,100|7,123|
|Recreation|Branch|||||145|145|3,077|
||||||3,100|322,138|325,238|370,406|
|Tote/ 2019|||||7,123|3632B3|370406||
##
##
##
##
##
##
|12.Net income/(expenditure)|12.Net income/(expenditure)|12.Net income/(expenditure)|||
|---|---|---|---|---|
||||2020|2019|
|||||6|
|Operating|surplus|is stated alter charging:|||
|Auditor's|remuneration||10,380|8,460|
|Depreciation|||10,540|13,463|
##
|||||2020|2019|
|---|---|---|---|---|---|
|||||6|6|
|Wages and salaries||||99,011|85,879|
|Social security|costs|||7,492|3,686|
|Pension costs||||2,121|498|
|||||108,624|90,063|
|The average|number of persons employed|||by the chadity during the year was as follows:||
|||||2020|2019|
|||||No.|No.|
|Scheme Manager (Part time)||||2|1|
|Caretaker
and cleaner||||2|2|
|Administration||||2|2|
|No employee|received|remuneration|above|660,000(2019 —none).||
|14.Interest payable||2020|2019|
|---|---|---|---|
||||6|
|On loans wholly or partly repayable|in more than 5years|16,727|16,832|
##
##
##
##
##
|16.Tangible fixed assets||||
|---|---|---|---|
||Freehold|Fixtures|Total|
||property|and fittings||
||6|||
|Cost or valuation||||
|At 1January 2020|2,967,086|183,909|3,150,995|
|Additions||23,213|23,213|
|At 31December 2020|2,967,086|207,122|3,174,208|
|Depreciation||||
|At 1January 2020|948,742|33,224|981,966|
|Charge for the year|2,998|7,503|10,501|
|At 31December 2020|951,740|40,727|992,467|
|Net book value||||
|At 31 December 2020|2,015,346|166,395|2,181,741|
|At 31December 2019|2,018,344|150,685|2,169,029|
##
##
##
|17.Investments|||||
|---|---|---|---|---|
||||2020|2019|
|The market value ofinvestments|as at 31 December 2020 is as follows:||||
|IPS Growth
Portfolio —345,821.69 units (2019 - 386,707.6894)|||640,116|699,168|
|IPS High Yield Income Portfolio —1,166,590.47 units (2019-
1,101,427.9846)||1,307,748||1,276,555|
|Charities
Investment
Fund ERF Scheme —815 income units|||168,048|153,026|
|Charities
Investment
Fund
HRF Scheme —598.05 income units (2019—
840.96 income units)|||123,314|157,901|
|||2,239226||2286 650|
|The cost of investments
as at 31|December 2020 is as follows:||||
|IPS Growth
Portfolio —345,821.69 units (2019 - 386,707.6894)|||477,587|533,328|
|IPS High Yield Income Portfolio
1,101,427.9846)|—1,166,590.47 units (2019-|1,256,705||1,200,313|
|Charities Investment
Fund ERFScheme —815income units|||64,117|64,117|
|Charities Investment
Fund HRF
840.96income units)|Scheme —598.05 income units (2019—||51,439|72,236|
|||1,849,848||1,869,994|
|All investments
held at 31December 2020 are UK listed investments||in managed|funds.||
|Market value at 1)anuary 2020||2,286,650||2,078,333|
|Additions|||70,180|500|
|Disposals||(117,783)||(45,114)|
|Realised surplus|||40,598|23,982|
|Unrealised
surplus
/ (deficit)|||(40,419)|228,949|
|Market value at 31 December 2020||2,239,226||2,286,650|
|18.Trade and other debtors|||||
||||2020|2019|
||||6||
|Social housing
rent arrears|||217|419|
|Prepayments
and accrued income|||86,774|19,292|
||||86,991|19,711|
##
##
##
|Creditors: amo|unts|falling due within one year|||
|---|---|---|---|---|
||||2020|2019|
||||6|0|
|Other loans|||1,175|1,072|
|Accruals and deferred||income|31,598|33,982|
|Deferred grant|||21,713|21,713|
||||54,486|56,767|
|Creditors: amounts||falling due after more than one year|||
||||2020|2019|
|||||6|
|Deferred grant|||1,042,194|1,063,907|
|Other loans|||176,656|177,934|
||||1,218,850|1,241,841|
|Deferred income|||||
||||2020|2019|
|Balance brought|forward||412|1,835|
|Released
in year|||(412)|(1,835)|
|Deferred
dudng|the year||790|412|
|Balance carried forward|||790|412|
##
##
##
||||2020|2019|
|---|---|---|---|---|
|Balance|brought|forward|1,085,620|1,107,333|
|Released|in year||(21,713)|(21,713)|
|Balance|carried forward||1,063,907|1,085,620|
##
##
##
|Loans||||||
|---|---|---|---|---|---|
|||||2020|2019|
|Amounts|falling|due|within one year|1,175|1,072|
|Amounts|falling|due|1-2 years|1,300|2,200|
|Amounts|falling|due|2-5 years|4,000|3,450|
|Amounts|falling|due|alter more than 5 years|171,356|172,284|
|||||177,831|179,006|
##
##
##
##
||||Balance|||||Balance|
|---|---|---|---|---|---|---|---|---|
||||at 1|||||at 31|
||||3anuary|Income|Expenditure|Transfers|Gains/|December|
||||2020|||In/out|(Losses)|2020|
||||f.||||6|6|
|Designated|||||||||
|funds|||||||||
|Cyclical|||53,613||(47,466)|52,779||58,926|
|maintenance|||||||||
|fund|||||||||
|Emergency||repair|153,026||(51,955)|51,955|15,022|168,048|
|fund|||||||||
|Housing|||159,727|||(47,740)|13,159|125,146|
|redevelopment|||||||||
|fund|||||||||
|Roof repair||fund|25,000|||||25,000|
|Chapel heating|||5,000|||||5,000|
|fund|||||||||
||||396,366||(99,421)|56,994|28,181|382,120|
|General funds|||||||||
|General funds|||2,657,129|366,201|(241,411)|(19,514)|(19,069)|2,743,336|
|Education|branch||19,705|4,612|(2,850)|(18,367)|(2,705)|396|
|Recreation||branch|6,718|941|(552)|(4,723)|(552)|1,831|
|Relief in need|||17,493|4,068|(2,014)|(14,391)|(2,361)|2,795|
|branch|||||||||
||||3,097,411|375,821|(346,048)||3,495|3,130,478|
|Restricted||funds|||||||
|Organ|||3,518|||||3,518|
|maintenance|||||||||
|fund|||||||||
|Faversham|||266,436|5,711|(5,549)||(3,315)|263,283|
|Heritage|Fund||||||||
|and Henry||Hatch|||||||
|Charity|||||||||
||||269,954|5,710|(5,549)||(3,315)|266,801|
|Total offunds|||3,367,365|381,532|(351,797)||179|3,397,279|
##
##
##
||||Balance|||||Balance|
|---|---|---|---|---|---|---|---|---|
||||at1|||||at31|
||||3anuary|Income|Expenditure|Transfers|Gains/|December|
||||2019|||In/out|(Losses)|2019|
|||||||E|E|6|
|Designated|||||||||
|funds|||||||||
|Cyclical|||36,804||(36,620)|53,418||53,613|
|maintenance|||||||||
|fund|||||||||
|Emergency||repair|125,776||(63,815)|63,815|27,250|153,026|
|fund|||||||||
|Housing|||169,218|||(44,604)|35,113|159,727|
|redevelopment|||||||||
|fund|||||||||
|Roof repair||fund|25,000|||||25,000|
|Chapel heating|||5,000|||||5,000|
|fund|||||||||
||||361,798|11|(100,435)|72,629|62,363|396,366|
|Generalfunds|||||||||
|General funds|||2,497,815|358,500|(258,299)|(70,664)|129,777|2,657,129|
|Education||branch|1,706|5,503|(5,913)||18,409|19,705|
|Recreation||branch|5,097|1,139|(3,272)||3,754|6,718|
|Relief in need|||4,971|4,802|(6,380)|(1,965)|16,065|17,793|
|branch|||||||||
||||2871I387|369~955|(374,299)||230,368|3,097,411|
|Restricted||funds|||||||
|Organ|||2,688|830||||3,518|
|maintenance|||||||||
|fund|||||||||
|Faversham|||245,269|6,900|(8,296)||22,563|266,436|
|Heritage|Fund||||||||
|and Henry||Hatch|||||||
|Charity|||||||||
||||2'}7,957|7,730|(8,296)||22,563|269,954|
|Total offunds|||3,119,344|377,685|(382,595)||252,931|3,367,365|
##
##
||Balance|||||Balance|
|---|---|---|---|---|---|---|
||at 1|||||at31|
||3anuatY|Income|Expenditure|Transfers|Gains/|December|
||2020|||In/out|(Losses)|2020|
||E||||6|E|
|Designated
funds|396,366||(99,421)|56,994|28,181|382,120|
|General
funds|2,701,045|375,821|(246,827)|(56,994)|(24,686)|2,748,359|
||3,097,411|375,821|(346,248)||3,495|3,130,678|
|Restricted
funds|269,954|5,710|(5,549)||(3,315)|266,801|
||3,367,365|381,532|(351,797)||179|3,397,279|
||Balance|||||Balance|
|---|---|---|---|---|---|---|
||at 1|||||at31|
||lanuary|income|Expenditure|Transfers|Gains/|December|
||2019|||In/out|(Losses)|2019|
|||||S|S||
|Designated
funds|361,798||(100,435)|72,629|62,363|396,366|
|General|2,509,589|369,944|(273,864)|(72,629)|168,005|2,701,045|
|funds|||||||
||2,871,387|369,955|(374,299)||230,368|3,097,411|
|Restricted|247,957|7,730|(8,296)||22,563|269,954|
|funds|||||||
||3,119,344|377,685|(382,595)||252,931|3,367,365|
##
##
##
|Analysis ofnet assets between funds|—current year|||
|---|---|---|---|
||Restricted|Unrestricted|Total|
||funds|funds|funds|
||2020|2020|2020|
||6||6|
|Tangible fixed assets||2,181,741|2,181,741|
|Fixed asset investments|230,627|2,008,599|2,239,226|
|Current assets|36,174|213,474|249,648|
|Creditors due within one year||(54,486)|(54,486)|
|Creditors due in more than one year||(1,218,850)|(1,218,850)|
||266,801|3,130,478|3,397,279|
##
|Analysis ofnet assets between funds|—prior year|||
|---|---|---|---|
||Restricted|Unrestricted|Total|
||funds|funds|funds|
||2019|2019|2019|
||6||6|
|Tangible fixed assets||2,169,029|2,169,029|
|Fixed asset investments|233,926|2,052,724|2,286,650|
|Current assets|36,028|174,266|210,294|
|Creditors due within one year||(56,767)|(56,767)|
|Creditors due in more than one year||(1,241,841)|(1,241,841)|
||269,954|3,097,411|3,367,365|
##
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
||||||E|E|
|Net income/(expenditure)
for the year|||||29,914|248,021|
|Adjustments|for:||||||
|Depreciation|charges||||10,501|13,463|
|(Gains)/losses|on investments||||(179)|(252,931)|
|Dividends,
interest and rents from
investments|||||(47,877)|(57,870)|
|Loss on the sale offixed assets|||||||
|(Increase) /|decrease|in debtors|||(67,280)|3,700|
|(Decrease) /|increase|in creditors|||(24,097)|(10,950)|
|Net cash (used in)/by
activities||operating|||(99,118)|(56,567)|
|27.Analysis of|cash and cash equivalents||||||
||||||2020|2019|
||||||E||
|Cash in hand|||||162,657|190,583|
|28.Grant commitments|||||||
|At the 31 December||2020 the charity|had commitments|as follows:|||
||||||2020|2019|
|||||||E|
|Within one year|||||11,000|3,000|
|Between one|and two|years|||22,000|22,000|
||||||33,000|25,000|
##
##
##
##
##
|At the 31 December
2020 the
charity
had
future
agreements
as follows:|incoming
resources
from
non-cancella|ble
lease|
|---|---|---|
||2020|2019|
||f||
|Within one year|1|1|
|Between one and two years|1|1|
|Between two and five years|3|3|
|More than five years|34|35|
||39|40|