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##
##
##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
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#
##
##
##
||||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|