2021-12-31-accounts

		Page
Report ofthe Trustees	1	to	8
Report ofthe Independent Auditors	9	to	12
Statement ofFinancial Activities		13
Balance Sheet		14
Cash Flow Statement		15
Notes to the Cash Flow Statement		16
Notes to the Financial Statements	17	to	27

						31.12,21	31.12,20
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
							as restated
			Notes				E
INCOME AND ENDOWMENTS		FROM
Donations and legacies				5,001	1,527,541	1,532,542	2,786,807
Investment income
Total				5,001	1,527,541	1,532,542	2,786,808
EXPENDITURE ON
Raising funds					12,434	12,434	13,426
Charitable activities
Dockyard Preservation					1,933,772	1,933,772	328,262
Total					1,946,206	1,946,206	341,688
NET INCOME/(EXPENDITURE)				5,001	(418,665)	(413,664)	2,445, 120
RECONCILIATION OF FUNDS
Total funds brought	forward
As previously reported				38,519	152,902	191,421	136,980
Prior year adjustment			10		2,617,864	2,617,864	227,185
As restated				38,519	2,770,766	2,809,285	364,165
TOTAL FUNDS CARRIED FORWARD				43,520	2,352,101	2,395,621	2,809,285

	BALANCE SHEET	BALANCE SHEET
	31 DECEMBER 2021
				31,12.21	31.12.20
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
					as restated
	Notes				E
FIXEDASSETS
Heritage assets			416,508	416,509	133,022
CURRENT ASSETS
Debtors	12	45,019	573,847	618,866	866,881
Cash at bank			1,759,360	1,759,360	1,950,560
		45,019	2,333,207	2,378,226	2,817,441
CREDITORS
Amounts falling due within one year	13	(1,500)	(397,614)	(399,114)	(141,178)
NET CURRENT ASSETS		43,519	1 935,593	1,979,112	2,676,263
TOTAL ASSETSLESSCURRENT	I.IABILITIES	43,520	2,352,101	2,395,621	2,809,285
NET ASSETS		43,520	2,352,101	2,395,621	2,809,285
FUNDS	15
Unrestricted funds				43,520	38,519
Restricted funds				2,352,101	2,770,766
TOTAL FUNDS				2,395,621	2,809,285

						CASH FLOW STATEMENT
					FOR	THE YEAR ENDED 31 DECEMBER 2021
						31.12.21	31.12.20
							as restated
						Notes	E
Cash flows from	operating		activities
Cash generated from operations						1,981,313	1,091,781
Net cash provided	by operating			activities		1,981,313	1,091,781
Cash flows from	investing		activities
Purchase of heritage assets						(2,172,513)	(288,650)
Interest received							1
Net cash used in	investing	activities				~2,172,513)	~288,649)
Change in cash	and cash		equivalents			in
the reporting period						(191,200)	803,132
Cash and cash equivalents			at	the
beginning ofthe	reporting		period			1,950,560	1,147,428
Cash and cash equivalents			at	the	end	of
the reporting period						1,759,360	1,950,560

ACTIVITIES
						31.12.21	31.12,20
							as restated
						P
Net (expenditure)/income			forthe reporting	period (as per the
Statement of	Financial Activities)					(413,664)	2,445,120
Adjustments	for:
Interest received							(1)
impairment of	heritage assets					1,889,026	250,983
Decrease/(increase)		in debtors				347,231	(729,156)
Increase/(decrease)		in creditors				158,720	~875,165)
Net cash provided		by operations				1,981,313	1,091,781
ANALYSIS OF CHANGES			IN NET FUNDS
					At1,1,21	Cash flow	At 31.12.21
					E	F	E
Net cash
Cash at bank					1,950,560	~191,200)	1,759,360
					1,950,560	~191,200)	1,759,360

2.	DONATIONS	DONATIONS	AND	LEGACIES
								31.12.21	31.12.20
									as restated
								E	E
	Donations							5,001
	Grants							1,527,541	2,786,807
								1,532,542	2,788,807
3.	INVESTMENT		INCOME
								31.12.21	31.12.20
									as restated
									E
	Deposit account interest								1
4.	RAISING FUNDS
	Raising donations			and legacies
								31.12.21	31.12.20
									as restated
								F	E
	Consultants							12,434	13,426
5.	CHARITABLE		ACTIVITIES COSTS
								Support
							Direct	costs (see
							Costs	note 6)	Totals
								E	F
	Dockyard	Preservation					1,818,844	14,928	1,933,772
6.	SUPPORT	COSTS
							Information	Governance
					Management	Finance	technology	costs	Totals
					F	F	E
	Dockyard	Preservation			12,434	99	343	2,052	14,928

			Unrestricted	Restricted	Total
			fund	funds	funds
					as restated
					E
INCOME	AND ENDOWMENTS	FROM
Donations	and legacies		50,001	2,736,806	2,786,807
Investment	income
Total			50,002	2,736,806	2,786,808
EXPENDITURE ON
Raising funds				13,426	13,426
Charitable	activities
Dockyard	Preservation		443	327,819	328,262
Total			443	341,245	341,688
NET INCOME			49,559	2,395,561	2,445,120

COMPARATIVES	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricted	Restricted	Total
				fund	funds	funds
						as restated
						E
RECONCILIATION		OF FUNDS
Total funds	brought		forward
As previously	reported			13,869	123,111	136,980
Prior year adjustment				~24;909)	252,094	227,185
As restated				(11,040)	375,205	364,165
TOTAL FUNDS CARRIED FORWARD				38,519	2,770,766	2,809,285

		Change (E)
Heritage asset		-47,127
VAT repayable		+50,679
Deferred income		-164,544
Increased 2020 expenditure		+48,756
Decrease to impairment	charge for 2020	-94,237
Funds brought forward		+122,615

	Change (R)
Grant income in 2020	+2,345,196
Deferred income	-1,799,767
Accrued income	+650,000
Funds brought forward	+104,571

HERITAGE ASSE	TS
					Total
					E
COST
At 1 January 2021					133,022
Additions					2,172,513
Impairments					~1,889,026)
At 31 December 2021					416,509
NET BOOK VALUE
At 31 December 2021					416,509
At 31 December 2020					133,022
Summary analysis	of heritage asset transactions:
	2021	2020	2019	2018	2017
	E	E	E	E
Purchases
Dockyard Church
Freehold
Dockyard Church
Renovation	2,172,513	288,650	205,592	369,876	155,286
Total additions	2,172,513	288,650	205,592	369,876	155,286
Charge for Impairment
Dockyard Church
Freehold
Dockyard Church Renovation	~1,889,026)~250,985)~178,765)~321,611)~135,022)
Total charge for impairment	~1,889,026)~250,985)~178,765)~321,611)~135,022)
Net change in assets
Dockyard Church
Freehold
Dockyard Church
Renovation	283,487	37,665	26,827	48,265	20,264
Total net change	in
assets	283,487	37,665	26,827	48,265	20,264

DEBTORS:A	MOUNT	S F	ALLING DUE WITHIN ONE YEAR
				31.12.21	31.12.20
					as restated
				F	F
Other debtors				318,971	166,202
VAT				149,895	50,679
Prepayments	and accrued		income	150,000	650,000
				618,866	866,881
CREDITORS:	AMOUNTS		FALLING DUE WITHIN ONE YEAR
				31.12.21	31.12.20
					as restated
					E
Trade creditors				333,800	141,178
Other creditors				63,814
Accruals and	deferred	income		1,500
				399,114	141,178

MOVEM	ENT	IN FUNDS
						Prior	Net
						year	movement	At
					At 1.1.21	adjustment	in funds	31.12.21
						E	F
Llnrestricted		funds
General	fund				38,519		5,001	43,520
Restricted funds
Restoration		ofSheerness	Dockyard	Church	64,929	2,617,864	(416,066)	2,266,727
The Art	Fund				64,930		(341)	64,589
QFT Swale Borough Council fund					1,050 21,993		(660) ~1,598)	390 20,395
					152,902	2,617,864	~418,665)	2,352,101
TOTAL	FUNDS				191,421	2,617,864	~413,664)	2,395,621

							Incoming	Resources	Movement
							resources	expended	in funds
									E
Unrestricted	funds
General fund							5,001		5,001
Restricted	funds
Restoration	ofSheerness		Dockyard		Church		1,527,540	(1,943,606)	(416,066)
Arts fund								(341)	(341)
QFT Swale Borough		Council fund						(660) ~1,599)	(660) ~1,598)
							1,527,541	~1,946,206)	~418,665
TOTAL FUNDS							1,532,542	~1,946,206)	~413,664)
Comparatives		for movement		in funds
							Prior	Net
							year	movement	At
						At 1.1.20	adjustment	in funds	31.12.20
							E	F	E
Unrestricted	funds
General fund						13,869	(24,909)	49,559	38,519
Restricted funds
Restoration	ofSheerness		Dockyard		Church	123,111	122,614	2,437,068	2,682,793
Arts fund							100,000	(35,070)	64,930
QFT Swale Borough		Council fund					3,000 26,480	(1,950) ~4,487)	1,050 21,993
						123,111	252,094	2,395,561	2,770,766
TOTAL FUNDS						136,980	227,185	2,445,120	2,809,285

				Incoming	Resources	Movement
				resources	expended	in funds
				E	E	E
Unrestricted	funds
General fund				50,002	(443)	49,559
Restricted	funds
Restoration	ofSheerness	Dockyard	Church	2,736,806	(299,738)	2,437,068
Arts fund					(35,070)	(35,070)
QFT Swale Borough Council fund					(1,950) ~4,487)	(1,950) ~4,487)
				2,736,806	~341,245)	2,395,561
TOTAL FUNDS				2,786,808	~341,688)	2,445, 120

					Prior	Net
					year	movement	At
				At 1.1.20	adjustment	in funds	31.12.21
						E
Unrestricted	funds
General fund				13,869	(24,909)	54,560	43,520
Restricted	funds
Restoration	ofSheerness	Dockyard	Church	123,111	2,740,478	2,021,002	4,884,591
Arts fund					100,000	(35,411)	64,589
QFT Swale Borough Council fund					3,000 26,480	(2,610) ~6,085)	390 20,395
				123,111	2,869,958	1,976,896	4,969,965
TOTAL FUNDS				136,980	2,845,049	2,031,456	5,013,485

				Incoming	Resources	Movement
				resources	expended	in funds
					P	F
Unrestricted	funds
General fund				55,003	(443)	54,560
Restricted	funds
Restoration	ofSheerness	Dockyard	Church	4,264,346	(2,243,344)	2,021,002
Arts fund					(35,411)	(35,411)
QFT Swale Borough Council fund					(2,610) ~6,086)	(2,610) ~6,085)
				4,264,347	~2,287,451)	1,976,896
TOTAL FUNDS				4,319,350	~2287,894)	2,031,456