CHARITY REGISTRATION NUMBER: 1157036 The Chalcot Foundation Unaudited FÉnancial Statements 5 April 2024 BURGESS HO LL Chartered accountants Camburgh House 27 New Dover Road Canterbury Kent CT13DN The Chalcot Foundation Flnancial Statements Year ended 5 April 2024 Page Trustees, annual report Statement of financial activities Statement of financial position Statement of cash flows Notes to the financial statements The Chalcot Foundation Trustees, Annual Report Year ended 5 April 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2024. Reference and admlnlslrallve delails Reglstered charlty name The Chalcot Foundation Charity registration number 1157036 Prlnclpal offlce Burgess Hodgson 27 New Dover Road Canterbury CT13DN The trustees Mr C S Mindenhall Mrs L Legassick Mr S M Sutlon Accountants Burgess Hodgson LLP Chartered accountants Camburgh House 27 New Dover Road Canterbury Kent CT13DN Struclurey governance and management The Chalcot Foundation is a Charitable Incorporation Organisation. Our main governing document is out Constitution adopted on 21 March 2014. We are led by our Board of Trustees. New Irustees are appointed by the Board of Trustees. In undertaking their work, the trustees will identify any potential risks to the public and beneficiaries. seek to minimise any risks that are identifies and ensure that these are no more than a minor consequence of carrying out the purpose ol the charity. Oblectlves and activities The charitys objective and activity is to provide grants to individuals and organisations for the benefit of Ihe public and other charities or voluntary bodies. The trustees have devised a grant making policy and use this policy to make decisions about whom to benelit from the charity. The policy will be reviewed on a regular basis. The public benefit requirement will be considered when setting the policy and when using the policy to make grants. The trustees confirm they have relerred to the guidance conlained in the Charity Commission's general guidance on public benefit when reviewing The Chalcot Foundation's aims and objeclives. The Chalcot Foundation Trustees, Annual Report (contlnued) Year ended 5 April 2024 Achlevements and performance The Foundation made no donations in the year. Financlal review There was no income received and no donations were made by the Foundation in bolh the current and prior year. The net assels at the end of Ihe year were £2512023: £25). The Irustees will distribute the balance on the unrestricted fund of £25 (2023: £25) in accordance with their grant making policy in the foreseeable future. The trustees, annual report was approved on trustees by.. d signed on behalf of the board of Mr S M Sutton Trustee The Chalcot Foundation Statement of Financial Activities Year ended 5 April 2024 2024 Unrestricted funds Total funds 2023 Total funds Note Reconcillatlon of funds Total funds brought forward Tolal funds carried forward 25 25 25 25 25 25 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 9 torm part ot these tlnanclal statements. The Chalcot Foundation Statement of Financlal Position 5 April 2024 2024 2023 Note Current assets Cash at bank and in hand 25 25 Net current assets 25 25 Total assets less current Ilabllltles 25 25 Funds of the charily Unrestricted funds 25 25 Tolal charlty funds 25 25 These financial statements were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by: Mr S M Sutton Trustee The notes on pages 6 to 9 form part of these flnanclal statements. The Chalcot Foundation Statement of Cash Flows Year ended 5 April 2024 2024 2023 Net decrease In cash and cash equlvalents Cash and cash equivalenls at beglnnlng of year Cash and cash equlvalenls at end of year 25 25 25 25 The notes on pages 6 to 9 lorm part ol theso Ilnanclal statements. The Chalcot Foundation Notes to the Financial Statements Year ended 5 April 2024 General Inlormallon The charity is a registered charity in England and Wales and is a Charitable Incorporated Organisalion. The address ol the principal office is Burgess Hodgson, 27 New Dover Fload, Canterbury, CT13DN. Stalement of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Stalement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP (FRS 10211 and the Charities Act 2011. Accounting policies Basls ol preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation ol certain financial assets and liabilities and investment properties measured al lair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the enlity. Golng concern There are no material uncertainties about the charity's ability to continue. Judgemenls and key sources of estimation uncertainty The preparation of the financial statements requires managemenl to make judgements, estimates and assumptions that affect the amounts reported. These estimales and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discrelion of the trustees to further any of the charitls purposes. Designated funds are unreslricted funds earmarked by the Irustees for particular future project or commitment. Flestricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income lunds or endowment funds. The Chalcot Foundation Notes to the Flnancial Statements (conllnued) Year ended 5 April 2024 Accounling policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entillemenl has passed lo Ihe charily., it is probable thal Ihe economic benefits associated with the Iransaclion will flow to Ihe charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income-. income from donations or grants is recognised when there is evidence of entitlement lo the gift, receipt Is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounls when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from conlracts for Ihe supply of services Is recognised with the delivery of the contracted service. This is classified as unrestricled funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspenl, in which case il may be regarded as restricted. Resources expended Expendilure is recognised on an accruals basis as a liabilily is incurred. Expenditure includes any VAT which cannol be fully recovered, and is classilied under headings of Ihe slatement of financial aclivilies to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable Irading aclivilies, and the sale of donated goods. expenditure on charitable actlvities includes all costs incurred by a charity in undertaking activilies that further its charitable aims for the benefit ol its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable aclivilies. other expendilure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure calegories reflecting the use of Ihe resource. Direct costs atlribulable to a single activity are allocated directly to thal aclivily. Shared cosls are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. The Chalcot Foundation Notes to the Financial Statements (contlnued) Year ended 5 April 2024 Accountlng pollcles (contlnuod) Flnanclal Instruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements enlered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profil and loss account in other adminislrative expenses. Loans and borrowings are inilially recognised at the transaction price including transaclion costs. Subsequenlly, they are measured al amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance Iransaction it is measured at present value. Stalf costs The average number of persons employed by the charity during the year ended 5 April 2024, including the directors, amounted to nil (2023 - nill. Trustee remuneratlon and expenses There were no trustees, remuneration or other benefits for the year ended 5 April 2024 (2023 - no remuneration). None of the truslees received any expenses during Ihe year ended 5 April 2024 {2023 expenses). no Analysis of charitable funds Unrestrlcted funds At 6 Aprll 2023 and 5 April 2024 General funds 25 At 6 April 2022 and 5 April 2023 General lunds 25 The Chalcot Foundation Notes to the Financial Statements (continued) Year ended 5 April 2024 Analysis of net assets belween funds Unrestricted Total Funds Funds 2024 Current assets 25 25 Unrestricted Total Funds Funds 2023 Current assets 25 25 Analysls ol changes in net debt At 6 Apr 2023 Cash flows Al 5 Apr 2024 Cash at bank and in hand 25 25