CHARITY REGISTRATION NUMBER: 1157036 The Chalcot Foundation Unaudited Flnanclal Ststements 5 April 2023 NLLP Chartered accountants Camburgh House 27 New Dover Road Can1e￿Ury Kent CT1 3DN The Chalcot Foundation Financial Statements Year ended 5 April 2023 Page Trustees, annual report Statement of financial activities Slatement of financial position Statement of cash flows Notes to the financial statements The Chalcot Foundation Trustees, Annual Report Year ended 5 April 2023 The trustees present their rerMJ1 and the unaudited financial slalements ol the charity lor the year ended 5 April 2023. Reference and administrative details Reglstered charlty name The Chatht Foundation Charlly registration numbgr 1157036 Prlncipal off5ce 27 New Dover Road Canlettsjry Kent CT1 3DN The truslees Mr C S Mindenhall Mrs L Legassick Mr S M Sutton Accountants Burgess Nodgson LLP Chartered accountants Camburgh House 27 New Dover Road can18￿ry Kent CT13DN Structure. governance and management The Chalcot Foundation is a Charilable Incoq)oralion Organisalion. Our main governing document is out Constitution adopted on 21 March 2014. We are led by our Board ol Trustees. New Iruslees ale atwinled by the Board ol Trustees. In undertaking their work, Ihe Iruslees wll identify any polenlial risks lo the public and beneficiaries, seek lo rninimise any risks that are idenlilies and ensure Ihal Ihese are no more than a minor consequence ol carrying out the wrpose ol Ihe charity. Oblecllves and aclSvblles The charity's obl￿11Ve and acliwly is lo prowde grants lo indiwduals and organisations lor the bgnelil ol the publr and other charities or voluntary bodies. The trustees have devised a grant making policy arKI use this FK*liey to make decisitsns about whom lo benelrt from the charity. The policy will be reviewed on a regular basis. The public benefit requirement 11 be considered vthen setting the wlicy and when using the policy to make grants. The Iruslees confirm they have referred lo the guidance contained in the Charity Commission's general guidance on public ￿nefit when reviewing The Chalcol Foundation's aims and objectives. The Chalcot Foundation Trustees. Annual Report Year ended 5 April 2023 Achlevements and performance The Foundation is pleased to have been able to make Iwo donations to two different charfties during the year. As a result those ¢harilies have been able lo further their respective causes and help reach the individuals Ihal Ihey largel. The Foundalion looks lo continue lo make similar donations in Ihe lulure. Flnanclal reylew The lolal income lor the period was £nil12022'. £nill. Donations lo the Foundation lotalled £nil12022.' £nill in the year, and gill aid ol £nil12022= £nill was reclaimed on ihis amount. There were no12022= nol donats'ons made by the Foundation in the year. The net assets at the end ol the year were t2512022.. £251. The trustees will distribute the balance on the unrestricted lund of £2512022.. £251 in accordance with their grant making policy in th6 foreseeable lulure. Feb 2, 2024 The Iruslees, annual rewsrt was a￿rOVed on ..-........................... and sKJned on behalf ol the board ol Iruslees by.. Mr C S Mindenhall Trustee The Chalcot Foundation Statement of Financial Activities Year ended 5 April 2023 2023 UnTe5tricted IUTYJS Total funds Total funds 2022 Note Re¢on¢lllatlon of fund$ Total funds brought forward Total lunds carrled forward 25 25 25 25 25 25 The slalemenl ol financial aclivilies includes all gains and losses recognised in the year. All incgme and expenditure derive from continuing activities. Th• not•s on pAg•s 6 10 9 fomi part of t￿$6 fimneial sts1om•nt$. The Chalcot Foundation Statement of Financial Position 5 April 2023 2023 2022 Notè Current assets Cash al bank and in hand 25 25 Net currenl assets 25 25 Total assets less current Ilabllltles 25 25 Funds of the char￿Y Unrestricted funds 25 25 Total charlty funds 25 25 These financial stalements were approved by the board ol trustees and authorised lor issue on F.qb.2..2Q.24..., and are signed on kxhall ol the board by- Mr C S Mindenhall Trustee Th• not•s on pAg•s 6 10 9 fomi part of t￿$6 fimneial sts1om•nt$. The Chalcot Foundation Statement of Cash Flows Year ended 5 April 2023 2023 2022 Net decrease in cash and cash equivalents Cash and cash equivalents at beginning ol year Cash and c8sh equlvalents at end of year 25 25 25 25 Th• not•s on pAg•s 6 10 9 fomi part of t￿$6 fimneial sts1om•nt$. The Chalcot Foundation Notes to the Financial Statements Year ended 5 April 2023 Gener81 Informatlon The charity is a registered charity in England and Wales and is a Charitable Incorwrated Organisalion. The address ol the principal office is 27 New Dover Road, Canterbury, Kent. CT1 3DN. Statement ol compllance These financial statefflents have been prepared in compliance with FRS 102, The Financial Reporting Standard a4)plicable in the UK and the Republic ol Ireland,, the Slalemenl ol Recommended Practice applicable lo charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 Icharilies SORP IFRS 10211 and the Charities Act 2011. Accountlng pollcies Basls of preparallon The financial slalemenls have teen prepared on the historical cost basis, as modified by the revaluation ol certain financial assets and lia￿.1111es arKI investment properties measured at lair value through income or expenditurè. The financial slalemenls are prepared in sterling, which is the functional currency ol the entity. Golng concern There are no fflalerial ￿￿ertaIn[leS about Ihe Charills ability to conlinug. Judgemenls and key sources of estlmatlon uncert¥lnty The preparation ol the financial slalements requires management lo make judgements, e51imales and assumptions that allecl Ihe amounls reported. Th9se eslimales and judgemgnls are continually reviewed and are based on experience arKI other laclors, including gxpeclalions ol lulure events Ihat are believed to be reasonable under the cireumstanees. Fund accounllng Unreslricled funds are availaue lor use al Ihe discrel*)n ol the Irusleos to lurther any ol the charily's purF)OSeS. Designated lunds are unreStr￿led lunds earmarked by the trustees lor particular lulure project or commitment. Reslricled funds are subjected lo reslriclions on their expenditure declared by ihe donor or through the terms ol an a￿al. and fail inio one ol sutr*classes.' reslricled incomg funds or endowment funds. The Chalcot Foundation Notes to the Financial Statements (cOntsM￿0l Year ended 5 April 2023 Accountlng pollcles fconl1n￿} Incomlng rosources All incoming resources are included in the slalemenl ol financial activities when enlillemenl has passed lo the charity; il is probable Ihat the e¢onomi¢ benefits a$s￿lated with the transaction will flow to the ¢harily and the amounl can be reliably measured. The following S￿111¢ policies are applied to particular categories ol income.. income Irom donations or grants is recognised when there is evidence ol enlillemenl lo the grft. receipt is probable and rts amount can be measured reliably. legacy income is recognised when receipt is probable and enlillemenl is èstablished. income from donated goods is measured at the lair value ol the goods unless this is impractical to measure reliabty, in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when r8eeive(l il the value can be reliably measured. No amounts are included lor the contribution ol general volunteers. in¢ome Irom wntracts for the supply ol services is recognised with the delivery ol th¢ contracted seNce. This is classified as Unrestr￿ted funds unless there is a conlraclual requirement lor it lo be spent on a particular wrpose and returned il unspent, in which case il may be regarded as reslricled. Resource$ expended Exp8ndilure is recognised on an accruals basis as a liabilrty is incurred. Expènditure includès any VAT which cannot be lulty recovered. and is dassilied under headings ol the slalemenl ol financial activities lo which il relates: expenditure on raising lund5 includes the costs ol all fundraising aclivilies. events. non- charitable trading aeiivities, and the sale ol donated goods. expenditure on charitable aclivities inclu¢J8s all costs incurred ty a charity in undertaking activities Ihal further ils charitable aims lor the benelil ol ils beneficiaries. including those support costs and costs relaling to the governance ol the charity apportioned to charitable activities. other expgndilure includes all experKlilure Ihal is neither related lo raising funds lor Ihg charity nor part ol its exFendilure ￿ charitable activities. All costs are allocated to expenditure categories reflecting the use ol the resource. Direct costs attributable lo a single activity are allocated directly lo that aclivtty. Shared costs are apportioned t*tween the aclivilies they conlribule lo on a reasonable. jusliliable and consislenl basis. The Chalcot Foundation Notes to the Financial Statements (cOntsM￿0l Year ended 5 April 2023 Accountlng pollcles f¢onlIn￿? Flnanclal Instruments Financial liabilities and equity instruments are classilied according lo the substance ol the conlra¢lual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable wf(hin one year are recorded at transaction price. Any losses arisirvj Irorn impajrment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised al Ihe Iransaction price including Iransaclion costs. Subsequently, they are measured al amortised cost using the emective interest rale method, less impairment. 11 an arrangement constrtutes a finance transaction it is measured at present value. Stalf costs The average numt*r ol persons employed by the charity during the year ended 5 April 2023, including the directors, amounted to nil12022 nil). Trustee remuneratlon and expenses There were no Iruslees, remuneration or other benefits lor the year ended 5 April 202312022 - no remuneralionl. None ol the Iruslees received any exp?￿eS during Ihg year ended 5 April 2023 12022 expenses). no An8lysl8 of ch8rf18ble funds Unrè$trlcl￿ funds At 6 Aprll 2022 and 5 Aprll 2023 General funds 25 Al 6 April 2021 and 5 April 2022 General funds 25 The Chalcot Foundation Notes to the Financial Statements (cOntsM￿0l Year ended 5 April 2023 Analysls of net assets between funds Unrestr￿ed Total Funds Funds 2023 Current assets Unrestr￿ted Total Funds Funds 2022 Current assets 25 25 Analys1¥ of changes In net debt Al 6 Apr 2022 Cash flows At 5 Apr 2023 Cash al bank and in harKI 25 25