2021-12-31-accounts

			Notes	2021	2021	2021	2020
				Restricted	Unrestricted	Total	Total
				6			6
Turnover					317,234	317,234	332,220
Operating costs
Direct costs					225,909	225,909	228,969
Support costs				213	61,880	62,093	75,972
				(213)	(287,789)	(288,002)	(304,941)
Operating (deficit)/surplus				(213)	29,445	29,232	27,279
Other income
Donations and legacies				20,000		20,649	1,435
Interest receivable income	and	other		4,530	33,741	38,271	47,877
Gains on investment	disposals		17	12,530	93,299	105,829	40,598
				37,060	127,689	164,749	89,910
Other expenditure
Interest payable			14		(16,602)		(16,727)
Investment management expenses			5	(208)	(1,547)		(13,114)
Grants payable			6	(10,000)	(1,359)		(3,570)
Governance costs			10	(1,516)	(15,787)		(13,445)
(Deficit)/Surplus	for	the year		25,124	121,838	146,962	70,333
Unrealised gains/(losses) investments		on	17	(7,530)	(5,227)	(12,757)	(40,419)
Total comprehensive (expenditure) for the		income/ year		17,594	116,611	134,205	29,914
n behalf' t+trustees:
r D H SSimmons,	Chairman			Mr 3 N Coulter Vice Chairman

		Revenue	Designated	Restricted	Total
		Reserves	Reserves	Funds
		6	6
Balance at 13anuary	2020	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 (losses)/gains	on	(36,720)	1,232	(4,932)	(40,419)
investments
		2,805,353	325,125	266,601	3,397,279
Transfer between funds		(56,994)	56,994
Balance at 31December 2020		2,748,359	382,120	266,601	3,397,279
Surplus / (deficit) from statement ofcomprehensive		96,211	25,628	25,124	146,962
income
Unrealised gains / (loss) investments	on	(56,068)	50,841	(7,530)	(12,757)
		2,788,501	458,588	284,395	3,531,484
Transfer between funds		(54,157)	74,157	(20,000)
Balance at 31December 2021		2,734,344	532,745	264,395	3,531,484

				2021		2020
Fixed assets
Tangible fixed assets		16		2,216,452		2,181,741
Investments		17		2,299,428		2,239,226
				4,515,880		4,420,967
Current assets
Trade and other debtors		18	100,990		86,991
Cash and cash equivalents		27	160,920		162,657
			261,910		249,648
Creditors: amounts within one year	falling due	19	(50,568)		(54,486)
Net current assets				211,342		195,162
Total assets less current liabilities				4,727,222		4,616,129
Creditors: amounts after more than one	falling due year	20		(1,195,738)		(1,218,850)
Total net assets				3,531,484		3,397,279

					2021	2020
Net cash generated from		operating	activities	26	(24,811)	(99,018)
Cash flow from investing		activities
Dividends, interest and rents		from investments			38,271	47,877
Purchase oftangible fixed assets					(46,780)	(23,213)
Proceeds from sales of investments					392,457	117,783
Purchase of investments					(359,587)	(70,180)
					24,361	72,267
Cash flow from financing		activities
Repayment of borrowings					(1,287)	(1,175)
					(1,287)	(1,175)
Net change in cash and	cash equivalents				(1,737)	(27,926)
Cash and cash equivalents	at beginning		ofthe year		162,657	190,583
Cash and cash equivalents		at end	ofthe year	27	160,920	162,657

residual	value, over their exp	ected useful lives
Freehold	Property	2%
Fixtures	and fittings	4%
Roofs		80years
Bathrooms		25 years
Kitchens		25 years
Boilers		20 years

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2021	2021	2021	2020
		I	I	E
Donations		649	649	1,435
Grants	20,000		20,000
	20,000	649	20,649	1,435
Tora/2020		1,435	1,435

				Restrrcted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2021 6	2021 6	2021I	2020 6
Weekly maintenance		contributions			326,760	326,760	320,243
Less: losses from voids					(31,239)	(31.239)	(9,736)
					295,521	295,521	310,507
Social housing	grant	utilised	in year		21,713	21,713	21,713
					317234	317234	332,220
Tora/2020					332,220	332,220

						2021	2020
Housing	for	older	people	in	need	69	69

Investment	income
		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2021 I	2021I	2021 I	2020 I
Listed investments		4,526	33,703	38,229	47,643
Investment	properties		17	17	26
Cash			21	25	208
		4,530	33,741	38,271	47,877
Tots/2020		5711	42166	47,877

			Restricted	Unrestl'Icted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
			6	6		f.
Investment	management	fees	208	1,547	1,755	13,114
			208	1,547	1,755	13,114
Tola/2020			1,553	11,561	13,114

			Grants to	Grants to
			Institutions	Individuals	Total	Total
			2021	2021	2021	2020
				6	6	6
Almshouse	8r Chapel	Branch
Relief in Need Branch				410	410
Education	Branch			949	949	570
Faversham	Heritage	Fund 8r Henry
Hatch Charity			10,000		10,000	3,000
Recreation	Branch
			10,000	1,359	11,359	3,570
Tola/2020			3000	570	3,570

					Restricted	Unrestricted	Total	Total
					funds	funds	funds	funds
					2021	2021	2021	2020
					E	E	E	E
Almshouse	Br Chapel	Branch				303,870	303,870	320,870
Relief in Need Branch						619	619	271
Education	Branch					1,159	1,159	852
Faversham Charity	Heritage	Fund	Br Henry	Hatch	10,213		10,213	3,100
Recreation	Branch					102	102	145
					10,213	305,750	315,963	325,238
Total2020					3100	32213B	32523B

			Restricted	Unresb icted
			funds	funds	Total	Total
			2021	2021	2021	2020
			E	E		0
Auditor's	remuneration		533	8,467	9,000	10,380
Legal ai	professional	fees	904	6,734	7,638	2,400
Trustee	indemnity	insurance	79	586	665	665
			1,516	15,787	17,303	13,445
Tots/ 2020			896	12549	23445

				Staff		Other	Total	Total
				costs	Depreciation	costs
				2021	2021	2021	2021	2020
					E	6	E	E
Investment	management		fees			1,755	1,755	13,114
Costs ofraising funds						1,755	1,755	13,114
Almshouse	ai Chapel	Branch		93,748	12,069	198,053	303,870	320,870
Relief in Need Branch						619	619	271
Education	Branch					1,159	1,159	852
Faversham Hedtage Hatch Charity		Fund	ar Henry				10,213	3,100
Recreation	Branch					102	102	145
Charitable activities				93,748	12069	210I146	315963	325~238
Expenditure	on governance					17,303	17,303	13,445
				93,748	12,069	229,204	335,021	351,797
Total 2020				108,623	10,501	232,673	351,797

			2021	2020
			6
Operating	surplus	is stated after charging:
Auditor's	remuneration		9,000	10,380
Depreciation			12,069	10,501

Staff costs for the year amounted to:
	2021	2020
		6
Wages and salaries	92,891	99,010
Social security costs	(1,253)	7,492
Pension costs	2,110	2,121
	93,748	108,623
The average number ofpersons employed	by the charity during the year was as follows:
	2021	2020
	No.	No.
Scheme Manager (Part time)	2	2
Caretaker and cleaner	2	2
Administration	2	2

											2021	2020
											f.	6
On	loans	wholly	or	partly	repayable	in	more	than	5	years	16,602	16,727

16.Tangible fixed assets
	Freehold	Fixtures	Total
	property	and fittings
	6	6
Cost or valuation
At 13anuaiy 2021	2,967,086	207,122	3,174,208
Additions		46,780	46,780
At 31 December 2021	2,967,086	253,902	3,220,988
Depreciation
At 13anuary 2021	951,740	40,727	992,467
Charge for the year	2,998	9,071	12,069
At 31 December 2021	954,738	49'798	1I004536
Net book value
At 31December 2021	2,012,348	204 104	2g216I452
At 31December 2020	2,015,346	166395	2I181741

17.Investments
						2021	2020
						6	6
The market value of investments	as at 31December 2021 is	as	follows:
IPS Growth Portfolio —138,273.15 units (2020 - 345,821.69)						297,702	640,116
IPS High Yield Income Portfolio —1,487,027.72 units (2020- 1,166,59047)					1,659,523		1,307,748
Charities Investment Fund ERFScheme —815accumulation		units				197,371	168,048
Charities Investment Fund HRF Scheme —598.05 accumulation			units			144,832	123,314
					2,299,428		2,239,226
The cost of investments as at 31	December 2021 is as follows:
IPS Growth Portfolio —138,273.15units (2020 - 345,821.69)						190,958	477,587
IPS High Yield Income Portfolio 1,166,590.47)	—1,487,027.72 units (2020-				1,616,293		1,256,705
Charities Investment Fund ERF	Scheme —815accumulation	units				64,117	64,117
Charities Investment Fund HRF	Scheme —598.05 accumulation		units			51,439	51,439
					1,922,806		1,849,847
All investments held at 31 December 2021 are UK listed investments				in	managed	funds.
Market value at 13anuary 2021					2,239,226		2,286,650
Additions						359,587	70,180
Dispose ls					(392,457)		(117,783)
Realised surplus						105,829	40,598
Unrealised surplus / (deficit)						(12,757)	(40,419)
Market value at 31 December 2021					2,299,428		2,239,226
18.Trade and other debtors
						2021	2020
							6
Social housing rent arrears						168	217
Prepayments and accrued income						100,822	86,774
						100,990	86,991

Creditors: amounts	falling due within one year
		2021	2020
		f.
Other loans		1,287	1,175
Accruals and deferred	income	27,568	31,598
Deferred grant		21,713	21,713
		50,568	54,486

Creditorsr amounts falling due after more	than one year
	2021	2020
	6	6
Deferred grant	1,020,481	1,042,194
Other loans	175,257	176,656
	1,195,738	1,218,850

			2021	2020
			E
Balance	brought	forward	790	412
Released	in year		(790)	(412)
Deferred	during	the year	2,857	790
Balance	carried forward		2,857	790

			2021	2020
				6
Balance	brought	forward	1,063,907	1,085,620
Released	in year		(21,713)	(21,713)
Balance	carried forward		1,042,194	1,063,907

Loans
				2021	2020
Amounts	falling	due	within one year	1,287	1,175
Amounts	falling	due	1-2years	1,400	1,300
Amounts	falling	due	2-5 years	4,300	4,000
Amounts	falling	due	after more than 5years	169,557	171,356
				176,544	177,831

			Balance					Balance
			at 1					at 31
			Ianuary	Income	Expenditure	Transfers	Gains/	December
			2021			In/out	(Losses)	2021
			E			E		6
Designated
funds
Cyclical			58,926		(25,640)	24,596		57,882
maintenance
fund
Emergency		repair	168,048		(54,561)	54,561	29,323	197,371
fund
Housing			125,146				21,517	146,663
redevelopment
fund
Roof repair		fund	25,000					25,000
Chapel heating			5,000			(5,000)
fund
			382,120		(80I201)	74 157	50I840	426,916
General funds
General funds			2,743,336	343,936	(238,082)	(45,685)	28,759	2,832,264
Education	branch		396	3,694	(2,565)	(4,080)	4,080	1,525
Recreation		branch	1,831	753	(389)	(832)	832	2,195
Relief in need			2,795	3,241	(1,846)	(3,560)	3,560	4,189
branch
			3,130,478	351,624	(323,084)	20,000	88,071	3,267,089
Restricted		funds
Organ maintenance			3,518					3,518
fund
Chapel heating				20,000		(20,000)
Faversham			263,283	4,530	(11,937)		5,000	260,876
Heritage	Fund
and Henry		Hatch
Charity
			266,801	24,530	(11,937)	(20,000)	5,000	264,394
			3,397,279	376,154	(335,021)		93,072	3,531,484

			Balance					Balance
			at 1					at 31
			3anuary	Income	Expenditure	Transfers	Gains/	December
			2020 E			In/out 6	(Losses) 6	2020I
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	(346,248)		3,495	3,130,478
Restricted		funds
Organ maintenance			3,518					3,518
fund
Faversham Hedtage	Fund		266,436	Sa711	(5I549)		(3,315)	263,283
and Henry		Hatch
Charity
			269,954	5,711	(5,549)		(3,315)	266,801
			3,367,365	381,532	(351,797)		180	3,397,279

	Balance					Balance
	at 1					at31
	3anuary	Income	Expenditure	Transfers	Gains/	December
	2021			In/outI	(Losses) E	2021
Designated	382,120		(80,201)	74,157	50,840	426,916
funds
General	2,7%4358	351,624	(242,883)	(54,157)	37,231	2,840,174
funds
	3,130,478	351,624	(323,084)	20,000	88,071	3,267,089
Restricted	266,801	24,530	(11,937)	(20,000)	5,000	264,394
funds
	3,397,279	376,154	(335,021)		93072	3I531~484

	Balance atI					Balance at31
	3anuary	Income	Expenditure	Transfers	Gains/	December
	2020I			In/outI	(Losses)	2020I
Designated	396,366		(99,421)	56,994	28,181	382,120
funds
General	2I701I045	375,821	(246,827)	(56,994)	(24,686)	2,748,358
funds
	3g0971411	375821	(346,248)		3I495	3 130g478
Restdcted	269,954	5,711	(5,549)		(3,315)	266,801
funds
	3,367,365	381,532	(351,797)		180	3,397,279

Analysis ofnet assets between funds	—current year
	Restricted	Unrestncted	Total
	funds	funds	funds
	2021	2021	2021
		6
Tangible fixed assets		2,216,452	2,216,452
Fixed asset investments	231,735	2,067,693	2,299,428
Current assets	32,659	229,251	261,910
Creditors due within one year		(50,568)	(50,568)
Creditors due in more than one year		(1,195,738)	(1,195,738)
	264,394	3,267,090	3,531,484

Analysis ofnet assets between funds	—prior 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 130478	3397279

26.Reconciliation in ne	t	movement in fun	ds to net c	ash flow fro	m operatin	g activi	ties
						2021	2020
						6	6
Net income/(expenditure)		for the year				134,205	29,914
Adjustments for:
Depredation charges						12,069	10,501
(Gains)/losses on investments						(93,072)	(179)
Dividends, interest and rents from investments						(38,271)	(47,877)
Loss on the sale offixed		assets
(increase) / decrease	in debtors					(13,999)	(67,280)
(Decrease) / increase	in creditors					(25,743)	(24,097)
Net cash used (in)/by activities	operating					(24,811)	(99,018)
Analysis ofnet debt
				At 1			At31
			3anuary			December
				2021	Cash flows		2021
						6	6
Cash at bank and in hand			162,657		(1,737)		160,920
Debt due after 1year			(176,656)		1,399	(175,257)
Debt due within 1year			(1,175)		(112)		(1,287)
			(15,174)		(450)		(15,624)
27.Analysis ofcash and cash equivalents
						2021	2020
						6	6
Cash in hand						160,920	162,657
28.Grant commitments
At the 31December	2020 the charity had		commitments	as follows:
						2021	2020
						f.	6
Within one year						23,600	11,000
Between one and two	years						22,000
						23,600	33,000

At the 31 December 2021 the charity had future agreements as follows:	incoming resources from non-cancella	ble lease
	2021	2020
	E	s
Within one year	1	1
Between one and two years	1	1
Between two and five years	3	3
More than five years	33	34
	38	39